NPORT-EX 2 acam_q3holdings499.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
One Choice® 2050 Portfolio
April 30, 2024


One Choice 2050 Portfolio - Schedule of Investments
APRIL 30, 2024 (UNAUDITED)
Shares
Value ($)
UNDERLYING FUNDS(1) — 100.0%
  
Domestic Equity Funds — 51.3%
  
Focused Dynamic Growth Fund G Class(2)
737,417 42,069,649 
Focused Large Cap Value Fund G Class
12,931,253 132,803,973 
Growth Fund G Class
1,553,629 84,330,975 
Heritage Fund G Class
2,262,702 62,065,912 
Mid Cap Value Fund G Class
4,661,437 73,231,179 
Select Fund G Class
48,352 5,313,371 
Small Cap Growth Fund G Class(2)
1,323,983 27,578,564 
Small Cap Value Fund G Class
2,672,900 27,798,157 
Sustainable Equity Fund G Class
2,875,320 144,139,792 
  599,331,572 
International Equity Funds — 23.2%
  
Emerging Markets Fund G Class
5,923,295 63,556,957 
Global Real Estate Fund G Class
2,213,840 25,946,201 
International Growth Fund G Class
6,065,160 74,116,254 
International Small-Mid Cap Fund G Class
2,861,572 27,900,323 
International Value Fund G Class
5,045,657 43,443,109 
Non-U.S. Intrinsic Value Fund G Class
3,893,503 36,521,062 
  271,483,906 
Domestic Fixed Income Funds — 18.5%
  
Diversified Bond Fund G Class
16,750,726 149,081,466 
High Income Fund G Class
4,447,254 37,534,823 
Inflation-Adjusted Bond Fund G Class
2,942,259 30,011,046 
 216,627,335 
International Fixed Income Funds — 7.0%
  
Emerging Markets Debt Fund G Class
2,570,346 22,336,311 
Global Bond Fund G Class
6,991,642 59,708,626 
 82,044,937 
TOTAL INVESTMENT SECURITIES — 100.0%
(Cost $1,016,558,535)
 1,169,487,750 
OTHER ASSETS AND LIABILITIES
 — 
TOTAL NET ASSETS — 100.0%
 $1,169,487,750 

NOTES TO SCHEDULE OF INVESTMENTS
(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.
(2)Non-income producing.


SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS 

1. Underlying Funds

The fund invests in a combination of underlying American Century Investments funds. The fund’s asset allocation is intended to diversify investments among stocks, bonds, and short-term investments. The portfolio holdings of each underlying fund are available at americancentury.com or upon request at 1-800-345-2021.

2. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually. Investments in the underlying funds are valued at their reported NAV.

3. Fair Value Measurements

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars. 

•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.


4. Affiliated Fund Transactions

A summary of transactions for each underlying fund for the period ended April 30, 2024 follows (amounts in thousands):
Fund/Underlying Fund(1)
Beginning
Value		Purchase
Cost		Sales
Cost		Change in Net
Unrealized
Appreciation
(Depreciation)		Ending
Value		Ending
Shares		Net
Realized
Gain
(Loss)
Distributions
Received(2)
Focused Dynamic Growth Fund(3)
$44,436 $2,056 $7,158 $2,736 $42,070 737 $3,019 — 
Focused Large Cap Value Fund131,386 13,284 14,664 2,798 132,804 12,931 (74)$4,808 
Growth Fund79,754 12,869 14,141 5,849 84,331 1,554 2,478 3,710 
Heritage Fund68,358 5,696 15,473 3,485 62,066 2,263 2,243 419 
Mid Cap Value Fund77,946 6,699 9,433 (1,981)73,231 4,661 71 3,894 
Select Fund— 5,105 — 208 5,313 48 — 240 
Small Cap Growth Fund(3)
17,095 12,134 2,965 1,315 27,579 1,324 (273)— 
Small Cap Value Fund17,816 11,993 2,645 634 27,798 2,673 193 368 
Sustainable Equity Fund155,360 8,707 27,939 8,012 144,140 2,875 3,232 3,599 
Emerging Markets Fund63,536 5,233 6,430 1,218 63,557 5,923 (1,463)1,529 
Global Real Estate Fund25,615 2,692 2,313 (48)25,946 2,214 (433)927 
International Growth Fund73,281 7,536 5,555 (1,146)74,116 6,065 256 1,285 
International Small-Mid Cap Fund27,043 2,079 1,867 645 27,900 2,862 (382)595 
International Value Fund42,415 3,139 2,771 660 43,443 5,046 124 2,315 
Non-U.S. Intrinsic Value Fund37,392 5,343 2,037 (4,177)36,521 3,894 (79)4,495 
Diversified Bond Fund141,579 24,916 15,492 (1,921)149,082 16,751 (2,959)5,149 
High Income Fund34,961 3,633 1,760 701 37,535 4,447 (268)1,930 
Inflation-Adjusted Bond Fund27,633 3,465 105 (982)30,011 2,942 (19)983 
Emerging Markets Debt Fund20,741 2,324 — (729)22,336 2,570 — 1,024 
Global Bond Fund55,963 6,352 2,673 67 59,709 6,992 (554)1,521 
Disciplined Growth Fund9,432 33 8,191 (1,274)— — 1,600 36 
$1,151,742 $145,288 $143,612 $16,070 $1,169,488 88,772 $6,712 $38,827 
(1)Underlying fund investments represent G Class.
(2)Distributions received includes distributions from net investment income and from capital gains, if any.
(3)Non-income producing.
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.