Morningstar® Investment Profile™   Morningstar®
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American Century VP Balanced I
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 706
Allocation--50% to 70% Equity Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
As of 2022-03-31
Total Fund Assets ($ Mil)
343.62
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term capital growth and current income by investing approximately 60% of its assets in equity securities and the remainder in bonds and other fixed-income securities.
For the equity portion of the fund, the fund will generally invest in large capitalization companies the adviser believes show sustainable business improvement using a proprietary multi-factor model that combines fundamental measures of a stock’s value and growth potential with ESG metrics. For the fixed-income portion of the fund, the portfolio managers invest in a diversified portfolio of high- and medium-grade non-money market debt securities.
  Morningstar Category: Allocation--50% to 70% Equity
Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderate strategies seek to balance preservation of capital with appreciation. They typically expect volatility similar to a strategic equity exposure between 50% and 70%. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 55.6
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.6
Bullet Bonds Bonds 41.1
Bullet Cash Cash 1.3
Bullet Other Other 0.5
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 32.65
Basic Materials 2.43
Consumer Cyclical 13.16
Financial Services 14.60
Real Estate 2.46
Sensitive 46.57
Communication Services 7.85
Energy 3.14
Industrials 9.58
Technology 26.00
Defensive 20.78
Consumer Defensive 6.42
Healthcare 12.40
Utilities 1.96
Data through 2022-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 45.29
Corporate 22.02
Securitized 26.80
Municipal 1.23
Cash & Equivalents 3.04
Other 1.63
Data through 2022-03-31
Credit Analysis
% Bonds
AAA 55.79
AA 5.97
A 11.45
BBB 19.53
BB 1.68
B 0.02
Below B 0.00
Not Rated 5.57
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 96
Total Number of Bond Holdings 540
% of Net Assets in Top 10 Holdings 20.84
Turnover % (as of 2021-12-31) 195.00
30 Day SEC Yield % 1.42
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Microsoft Corp USA --- 18,373 4.82
Apple Inc USA --- 10,882 2.85
Alphabet Inc Class A USA --- 10,541 2.76
Amazon.com Inc USA --- 8,316 2.18
United States Treasury Notes 1% --- USA 2024-12-15 6,632 1.74
Prologis Inc USA --- 5,506 1.44
NVIDIA Corp USA --- 5,336 1.40
United States Treasury Notes 0.75% --- USA 2024-11-15 4,780 1.25
Tesla Inc USA --- 4,624 1.21
Cisco Systems Inc USA --- 4,540 1.19
Data through 2022-03-31
  Principal Risks   
Credit and Counterparty, Extension, Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Quantitative Investing, Interest Rate, Market/Market Volatility, Bank Loans, Restricted/Illiquid Securities, Derivatives, Fixed-Income Securities, Socially Conscious, Shareholder Activity, Management
Show Risk Definitions
  Other Information
Inception Date: 1991-05-01
Portfolio Manager(s)
Joseph Reiland   (2021-09-01)
Joe co-manages the U.S. Sustainable Large Cap Core, U.S. Systematic Large Cap Core and U.S. Systematic All Cap Core strategies and provides quantitative research and risk management for these strategies as well as U.S. Large Cap Growth. Joe has been a member of this team since the firm in 2000. Previously, he was an equity analyst in the equity research department at Commerce Bank. Joe has worked in the investment industry since 1995. He earned a bachelor's degree from the Olin School of Business at Washington University in St. Louis. Joe is a CFA charterholder and a member of the CFA Institute.
Justin M. Brown   (2021-09-01)
Justin co-manages the U.S. Large Cap Growth and U.S. Sustainable Large Cap Core strategies and provides fundamental research and equity analysis on the consumer discretionary, commercial services, and technology sectors for these strategies. Justin has been a member of this team since joining the firm in 2000. Previously, he was an equity analyst at USAA Investment Management Company with responsibilities for technology and retail sector coverage. Prior to USAA, Justin was an equity analyst at Hanifen Imhoff. He earned a bachelor's degree in finance from Texas Christian University. Justin is a CFA charterholder and a member of the CFA Institute.
Charles Tan   (2018-10-31)
Mr. Tan joined American Century Investment Management, Inc. in 2018. Prior to joining American Century, Mr. Tan worked at Aberdeen Standard Investments from 2005 to 2018. Mr. Tan began his investment career in 1994 and earned a B.S. from University of International Business and Economics, Beijing and an M.B.A from Bucknell University.
Robert J Bove   (2021-09-01)
Rob co-manages the U.S. Sustainable Large Cap Core strategy and provides fundamental research and equity analysis on the health care and consumer staples sectors for this strategy as well as the U.S. Large Cap Growth strategy. He has been a member of the team since joining the firm in 2005. Previously, he was an analyst for U.S. Trust Company of New York with responsibilities that included health care sector coverage. Rob has worked in the investment industry since 1994. He earned a bachelor's degree in accounting from Villanova University and a master's degree in business administration with a concentration in finance from New York University.
Jason Greenblath   (2021-08-01)
Mr. Greenblath, Vice President and Senior Portfolio Manager, has served on teams managing fixed-income investments since joining American Century Investment Management, Inc. in 2019. Prior to joining American Century, Mr. Greenblath worked at Aberdeen Standard Investments as head of U.S. investment grade credit from 2018 to 2019, head of U.S. investment grade credit research from 2014 to 2018 and as a portfolio manager from 2012 to 2018. He has a bachelor’s degree in finance from Pennsylvania State University
Robert V. Gahagan   (2005-12-31)
Mr. Gahagan, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1983.  He became a portfolio manager in 1991. He has a bachelor’s degree in economics and an MBA from the University of Missouri – Kansas City.
Investment Advisor(s)
American Century Investment Management Inc
Issuer
American Century Investments
Subadvisor(s)
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