American Century Asset Allocation Portfolios, Inc.
 
Prospectus and Summary Prospectus Supplement
 
LIVESTRONG ® Income Portfolio ¡ LIVESTRONG ® 2015 Portfolio
LIVESTRONG ® 2020 Portfolio ¡ LIVESTRONG ® 2025 Portfolio
LIVESTRONG ® 2030 Portfolio ¡ LIVESTRONG ® 2035 Portfolio
LIVESTRONG ® 2040 Portfolio ¡ LIVESTRONG ® 2045 Portfolio
LIVESTRONG ® 2050 Portfolio ¡ LIVESTRONG ® 2055 Portfolio
 
 
 
Supplement dated April 8, 2013 ■ Summary Prospectuses and Prospectus dated December 1, 2012
 
 
 
The following replaces the Portfolio Managers section of each summary prospectus and on pages 5, 10, 15, 20, 25, 30, 35, 40, 45 and 49 of the prospectus.
 
Portfolio Managers
 
Scott Wittman , CFA, Chief Investment Officer – Quantitative Equity and Asset Allocation, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the LIVE STRONG Portfolios since 2009.
 
Richard Weiss, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the LIVE STRONG Portfolios since 2010.
 
Radu Gabudean, Vice President and Portfolio Manager, has been a member of the team that manages the LIVE STRONG Portfolios since 2013.
 
Scott Wilson , CFA, Vice President and Portfolio Manager, has been a member of the team that manages the LIVE STRONG Portfolios since 2006.
 
 
The following replaces The Fund Management Team section on pages 54-55 of the prospectus.
 
The Fund Management Team
 
The advisor uses a team of portfolio managers to manage the funds. The following portfolio managers share overall responsibility for coordinating the funds’ activities, including determining appropriate asset allocations, reviewing overall fund compositions for compliance with stated investment objectives and strategies, and monitoring cash flows. The team meets as necessary to review the funds’ target allocations.
 
Scott Wittman
 
Mr. Wittman, Chief Investment Officer – Quantitative Equity and Asset Allocation, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the funds since 2009 when he joined American Century Investments. From 2005 to 2009, he was managing director–quantitative and alternative investments for Munder Capital Management. He has a bachelor’s degree in finance and an MBA in finance from Indiana University. He is a CFA charterholder.
 
Richard Weiss
 
Mr. Weiss, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the funds since 2010 when he joined American Century Investments. From 1999 to 2010, he was executive vice president and chief investment officer for City National Bank.  He has a bachelor's degree in economics from The Wharton School at the University of Pennsylvania and an MBA in finance/econometrics from the University of Chicago, Graduate School of Business.
 
Radu Gabudean, Ph.D.
 
Dr. Gabudean, Vice President and Portfolio Manager, has been a member of the team that manages the fund since 2013 when he joined American Century Investments. From 2011 until 2013, he was vice president of quantitative investment strategies at Barclays Capital, and from 2007 to 2011 he was vice president of quantitative portfolio modeling at Lehman Brothers/Barclays Capital. He has a bachelor’s degree in economics from York University, Toronto, Canada, and a Ph.D. in finance from New York University, Stern School of Business.
 
 
 
 
 
Scott Wilson
 
Mr. Wilson, Vice President and Portfolio Manager, has been a member of the team that manages the funds since 2006. He joined American Century Investments in 1992, became an analyst in 1994 and a portfolio manager in 2011. He has a bachelor’s degree in business administration from Pepperdine University and is a CFA charterholder.
 
The statement of additional information provides additional information about the accounts managed by the portfolio managers, the structure of their compensation, and their ownership of fund securities.
 
 

 







 
 

 
 

 
 
©2013 American Century Proprietary Holdings, Inc. All rights reserved.
 
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