Summary Prospectus and Prospectus Supplement One Choice® 2030 Portfolio n One Choice® 2035 Portfolio One Choice® 2040 Portfolio n One Choice® 2045 Portfolio One Choice® 2050 Portfolio n One Choice® 2055 Portfolio One Choice® 2060 Portfolio n One Choice® 2065 Portfolio One Choice® 2070 Portfolio Summary Prospectuses and Prospectus dated |  | |||||||
| Supplement dated September 1, 2026 | ||||||||
Effective October 1, 2026, the funds’ glide path will be modified to increase the equity allocation in all years up to five years prior to the target date. The equity allocation within the last five years prior to the target date and thereafter will not increase. The funds will follow the glide path shown below:
In connection with the changes to the glide path, each fund’s neutral mix will be revised as indicated below. The funds will begin transitioning to the new asset class allocations, along with certain adjustments to the underlying funds within each asset class, beginning on or about October 1, 2026 and expect the transitions to be completed by March 31, 2027. The funds may realize capital gains as they reallocate their investments.
| Asset Class | One Choice In Retirement Portfolio | One Choice 2030 Portfolio | One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | ||||||||||||
| Equity Securities (Stock Funds) | 45.0% | 48.0% | 54.5% | 62.8% | 71.5% | ||||||||||||
| U.S. Equity | 30.8% | 32.5% | 36.2% | 41.0% | 46.0% | ||||||||||||
| International Equity | 13.2% | 14.4% | 16.9% | 20.1% | 23.4% | ||||||||||||
| Real Estate | 1.0% | 1.1% | 1.4% | 1.7% | 2.1% | ||||||||||||
| Fixed Income Securities (Bond Funds) | 44.6% | 43.4% | 40.0% | 34.3% | 27.4% | ||||||||||||
| Short-Term Investments (Short-Term Funds) | 10.4% | 8.6% | 5.5% | 3.0% | 1.1% | ||||||||||||