0001145549-23-075053.txt : 20231206 0001145549-23-075053.hdr.sgml : 20231206 20231206101139 ACCESSION NUMBER: 0001145549-23-075053 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231206 DATE AS OF CHANGE: 20231206 EFFECTIVENESS DATE: 20231206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY TARGET MATURITIES TRUST CENTRAL INDEX KEY: 0000757928 IRS NUMBER: 431920414 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-04165 FILM NUMBER: 231468659 BUSINESS ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 BUSINESS PHONE: 816-531-5575 MAIL ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM TARGET MATURITIES TRUST DATE OF NAME CHANGE: 19920703 0000757928 S000005945 ZERO COUPON 2025 FUND C000016392 INVESTOR CLASS BTTRX C000016393 ADVISOR CLASS ACTVX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000757928 XXXXXXXX false false false N-1A S000005945 C000016392 C000016393 AMERICAN CENTURY TARGET MATURITIES TRUST 811-04165 0000757928 549300BXO6JHN8LP3244 4500 Main Street Kansas City 64111 US-MO US 8165315575 State Street Bank and Trust Company State Street Financial Center One Lincoln Street Boston 02111 6177863000 Records relating to custody of fund assets and fund accounting JPMorgan Chase Bank 4 Metro Tech Center Brooklyn 11245 2122706000 Records relating to custody of fund assets and fund accounting American Century Investment Management, Inc. 4500 Main Street Kansas City 64111 8165315575 Records related to day-to-day portfolio management; sales literature American Century Investment Management, Inc. 3945 Freedom Circle Suite 800 Santa Clara 95054 8165315575 Records related to day-to-day portfolio management; sales literature American Century Services, LLC 4500 Main Street Kansas City 64111 8165315575 Corporate, governance, financial, and legal records; sales literature N N N-1A 1 Y Tanya S. Beder N/A N Jeremy I. Bulow N/A N Jennifer Cabalquinto N/A N Anne Casscells N/A N Jonathan D. Levin N/A N Peter F. Pervere N/A N John B. Shoven N/A N Jonathan S. Thomas N/A Y Amy D. Shelton 002556023 4500 Main Street Kansas City 64111 XXXXXX N N N N N N American Century Investment Services, Inc. 8-35220 000017437 N/A Y N Deloitte and Touche LLP 00034 N/A N N N N N N N Zero Coupon 2025 Fund S000005945 5493002SUGNE416N5L35 N 2 0 0 N/A N N Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) N N N N American Century Investment Management, Inc. 801-08174 000105778 EM2U0UPRO83F878KCP52 N American Century Services, LLC 84-01406 N/A Y N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N S&P Global Inc Y6X4K52KMJMZE7I7MY94 N Refinitiv US LLC 213800HQORQAP68CJJ04 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Century Services, LLC 84-01406 SEC file number Y N N American Century Services, LLC 84-01406 SEC file number Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N American Century Investment Services, Inc. 8-35220 000017437 N/A 0.000000000000 0.000000000000 Toronto-Dominion Corp 008-36747 000018476 69LASGQF5I0RN31MEN24 248390184.000000000000 Bank of America Merrill Lynch 008-07221 000007691 549300HN4UKV1E2R3U73 16017275.000000000000 BMO Capital Markets 008-34344 000016686 RUC0QBLBRPRCU4W1NE59 12944922.000000000000 Morgan Stanley 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 9873892.000000000000 Citigroup Capital Markets Inc 008-08177 000007059 MBNUM2BPBDO7JBLYG310 6217323.000000000000 BNP Paribas Securities 008-32682 000015794 RCNB6OTYUAMMP879YW96 2825526.000000000000 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 2328301.000000000000 Deutsche Bank 008-17822 000002525 9J6MBOOO7BECTDTUZW19 1755596.000000000000 300353019.000000000000 N 158588849.498462000000 N N N N true INTERNAL CONTROL RPT 2 aciactmtinternalctrlrpt.htm INTERNAL CONTROL REPORT - 09.30.2023 Document

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the Board of Trustees of American Century Target Maturities Trust
In planning and performing our audit of the financial statements of Zero Coupon 2025 Fund (the “Fund”), as of and for the year ended September 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.
The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund's annual or interim financial statements will not be prevented or detected on a timely basis.
Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of September 30, 2023.
This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP

Kansas City, Missouri
November 15, 2023