NPORT-EX 2 aclq_globalsmallcap.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
Global Small Cap Fund
February 28, 2023



Global Small Cap - Schedule of Investments
FEBRUARY 28, 2023 (UNAUDITED) 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 97.9%
Australia — 2.6%
carsales.com Ltd.
45,984 699,555 
IDP Education Ltd.
52,305 1,005,888 
Pinnacle Investment Management Group Ltd.(1)
99,925 616,672 
2,322,115 
Belgium — 1.5%
D'ieteren Group
6,783 1,314,630 
Canada — 7.3%
Boardwalk Real Estate Investment Trust
20,480 885,991 
Brookfield Infrastructure Corp., Class A(1)
15,284 660,421 
Capstone Copper Corp.(1)(2)
212,683 946,124 
Definity Financial Corp.
10,533 277,278 
Element Fleet Management Corp.(1)
65,206 931,378 
FirstService Corp.
5,820 797,867 
Kinaxis, Inc.(2)
5,166 600,346 
Stantec, Inc.(1)
18,025 1,047,022 
Whitecap Resources, Inc.(1)
55,118 422,524 
6,568,951 
China — 3.2%
Bosideng International Holdings Ltd.
1,204,000 667,885 
Kanzhun Ltd., ADR(2)
39,983 805,657 
Poly Property Services Co. Ltd., Class H
102,800 623,381 
Tongcheng Travel Holdings Ltd.(2)
373,600 741,588 
2,838,511 
Finland — 0.8%
Metso Outotec Oyj
70,169 746,513 
France — 2.0%
Euroapi SA(2)
28,820 472,084 
Nexans SA
5,880 566,906 
SPIE SA
28,273 775,161 
1,814,151 
Germany — 1.1%
AIXTRON SE
17,657 541,548 
KION Group AG
11,041 432,432 
973,980 
Hong Kong — 1.2%
Samsonite International SA(2)
378,300 1,061,671 
India — 1.0%
WNS Holdings Ltd., ADR(2)
10,617 922,830 
Ireland — 0.8%
AIB Group PLC
161,197 688,521 
Israel — 1.7%
Inmode Ltd.(2)
25,546 902,029 
Nova Ltd.(2)
6,427 582,158 
1,484,187 
Italy — 0.8%
Interpump Group SpA
13,005 713,898 
Japan — 9.0%
Asics Corp.
48,400 1,225,479 



BayCurrent Consulting, Inc.(1)
19,400 761,598 
Fukuoka Financial Group, Inc.(1)
18,900 421,912 
Invincible Investment Corp.
2,101 846,729 
Isetan Mitsukoshi Holdings Ltd.
83,600 853,958 
Japan Airport Terminal Co. Ltd.(2)
8,400 411,308 
JMDC, Inc.
13,900 438,870 
MatsukiyoCocokara & Co.
8,900 413,593 
Nagoya Railroad Co. Ltd.
14,400 218,559 
Nippon Gas Co. Ltd.(1)
36,700 512,692 
Taiyo Yuden Co. Ltd.(1)
21,900 663,176 
TechnoPro Holdings, Inc.
17,500 444,046 
Toyo Suisan Kaisha Ltd.
6,400 258,919 
Visional, Inc.(2)
9,200 616,390 
8,087,229 
Mexico — 0.5%
Gentera SAB de CV
404,707 438,627 
Netherlands — 1.0%
ASR Nederland NV
4,843 220,409 
Basic-Fit NV(1)(2)
18,141 635,639 
856,048 
Norway — 1.1%
Aker Solutions ASA
190,101 802,993 
Storebrand ASA
27,696 228,621 
1,031,614 
Spain — 1.1%
Acciona SA
2,302 433,709 
CIE Automotive SA
17,665 517,374 
951,083 
Sweden — 3.1%
Fortnox AB
86,178 511,378 
Hexatronic Group AB
73,040 850,541 
Nordnet AB publ
38,251 673,955 
Trelleborg AB, B Shares
30,139 776,818 
2,812,692 
Taiwan — 2.4%
Airtac International Group
26,464 923,799 
ASPEED Technology, Inc.
7,600 683,108 
E Ink Holdings, Inc.
80,000 506,233 
2,113,140 
United Kingdom — 4.1%
Golar LNG Ltd.(2)
19,355 441,875 
Intermediate Capital Group PLC
44,788 754,007 
QinetiQ Group PLC
98,652 401,839 
Rotork PLC
196,052 763,581 
RS GROUP PLC
39,703 466,829 
Tritax Big Box REIT PLC
478,773 860,178 
3,688,309 
United States — 51.6%
ATI, Inc.(2)
29,129 1,184,094 
AZEK Co., Inc.(2)
28,123 677,483 
Bancorp, Inc.(2)
25,705 889,136 
BJ's Wholesale Club Holdings, Inc.(2)
6,769 486,014 
Bloomin' Brands, Inc.
21,138 551,702 
Bowlero Corp.(1)(2)
44,220 680,104 



BRP Group, Inc., Class A(2)
21,135 607,420 
Capri Holdings Ltd.(2)
16,137 799,911 
Ciena Corp.(2)
10,813 521,403 
Clean Harbors, Inc.(2)
9,999 1,320,568 
Commerce Bancshares, Inc.
6,906 456,832 
Commercial Metals Co.
14,519 751,358 
Construction Partners, Inc., Class A(2)
16,921 457,713 
Crocs, Inc.(2)
11,977 1,457,721 
Dave & Buster's Entertainment, Inc.(2)
19,066 763,021 
Driven Brands Holdings, Inc.(2)
24,905 696,717 
elf Beauty, Inc.(2)
11,878 887,881 
Ensign Group, Inc.
8,734 781,518 
Evolent Health, Inc., Class A(2)
28,532 998,905 
Evoqua Water Technologies Corp.(2)
9,325 452,822 
Five9, Inc.(2)
7,552 498,432 
Gentherm, Inc.(2)
6,912 438,981 
Glacier Bancorp, Inc.
5,002 236,995 
Graphic Packaging Holding Co.
20,652 491,518 
GXO Logistics, Inc.(2)
6,851 339,604 
H&E Equipment Services, Inc.
21,198 1,176,489 
Hamilton Lane, Inc., Class A
8,135 632,903 
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
21,838 685,932 
Harmony Biosciences Holdings, Inc.(2)
25,301 1,114,003 
Herc Holdings, Inc.
2,958 424,739 
Ingevity Corp.(2)
9,279 766,074 
Inter Parfums, Inc.
4,032 485,493 
Jabil, Inc.
6,428 533,717 
JELD-WEN Holding, Inc.(2)
17,437 229,297 
Kinsale Capital Group, Inc.
3,380 1,077,206 
Kosmos Energy Ltd.(2)
62,930 495,259 
Lantheus Holdings, Inc.(2)
8,848 654,398 
Lattice Semiconductor Corp.(2)
9,965 846,626 
Manhattan Associates, Inc.(2)
5,068 728,525 
MGP Ingredients, Inc.
4,611 467,740 
ModivCare, Inc.(2)
4,956 486,630 
MRC Global, Inc.(2)
54,859 614,421 
Natera, Inc.(2)
10,897 529,049 
National Instruments Corp.
5,524 279,017 
NOW, Inc.(2)
109,474 1,406,741 
Ollie's Bargain Outlet Holdings, Inc.(2)
8,301 477,640 
Onto Innovation, Inc.(2)
5,601 461,914 
Option Care Health, Inc.(2)
13,941 427,570 
Paycor HCM, Inc.(2)
10,877 269,423 
Planet Fitness, Inc., Class A(2)
6,121 496,107 
Progyny, Inc.(2)
13,366 502,027 
Pure Storage, Inc., Class A(2)
20,944 597,742 
QuinStreet, Inc.(2)
26,517 449,994 
R1 RCM, Inc.(2)
43,956 624,175 
RadNet, Inc.(2)
32,059 756,112 
RLI Corp.
1,460 201,349 
Ryman Hospitality Properties, Inc.
11,296 1,047,930 
Saia, Inc.(2)
3,166 857,574 
Silk Road Medical, Inc.(2)
9,163 485,547 
SouthState Corp.
5,691 459,150 



Sovos Brands, Inc.(2)
13,183 172,302 
SPS Commerce, Inc.(2)
5,442 819,783 
StepStone Group, Inc., Class A
22,644 647,618 
Summit Materials, Inc., Class A(2)
25,318 747,894 
Tenable Holdings, Inc.(2)
17,061 754,608 
Toll Brothers, Inc.
10,359 620,918 
Transocean Ltd.(2)
124,669 871,436 
Trex Co., Inc.(2)
10,140 518,458 
Weatherford International PLC(2)
12,461 830,152 
Wintrust Financial Corp.
10,996 1,013,061 
46,172,596 
TOTAL COMMON STOCKS
(Cost $77,507,866)
87,601,296 
EXCHANGE-TRADED FUNDS — 2.0%
Schwab International Small-Cap Equity ETF(1)
30,180 1,006,201 
Schwab US Small-Cap ETF
18,429 809,217 
TOTAL EXCHANGE-TRADED FUNDS
(Cost $1,732,708)
1,815,418 
SHORT-TERM INVESTMENTS — 6.5%
Money Market Funds — 5.6%
State Street Institutional U.S. Government Money Market Fund, Premier Class
1,766 1,766 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
4,981,740 4,981,740 
4,983,506 
Repurchase Agreements — 0.9%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.50% - 4.375%, 12/15/24 - 11/15/39, valued at $212,184), in a joint trading account at 4.44%, dated 2/28/23, due 3/1/23 (Delivery value $208,382)
208,356 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.25%, 6/30/2029, valued at $660,997), at 4.53%, dated 2/28/23, due 3/1/23 (Delivery value $648,082)
648,000 
856,356 
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,839,862)
5,839,862 
TOTAL INVESTMENT SECURITIES — 106.4%
(Cost $85,080,436)
95,256,576 
OTHER ASSETS AND LIABILITIES — (6.4)%
(5,758,802)
TOTAL NET ASSETS — 100.0%
$89,497,774 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials22.6%
Consumer Discretionary
16.1%
Financials13.5%
Information Technology
12.7%
Health Care
10.1%
Real Estate
5.7%
Materials5.3%
Energy4.4%
Consumer Staples
3.5%
Communication Services
2.2%
Utilities1.8%
Exchange-Traded Funds
2.0%
Short-Term Investments
6.5%
Other Assets and Liabilities
(6.4)%




NOTES TO SCHEDULE OF INVESTMENTS
ADR
American Depositary Receipt
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $7,587,251. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(2)Non-income producing.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $8,016,222, which includes securities collateral of $3,034,482.



SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS

1. 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.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price. Equity securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.

Open-end management investment companies are valued at the reported NAV per share. Repurchase agreements are valued at cost, which approximates fair value.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

2. 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.




The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.
Level 1
Level 2
Level 3
Assets
Investment Securities
Common Stocks
Australia— $2,322,115 — 
Belgium— 1,314,630 — 
Canada$660,421 5,908,530 — 
China805,657 2,032,854 — 
Finland— 746,513 — 
France— 1,814,151 — 
Germany— 973,980 — 
Hong Kong
— 1,061,671 — 
Ireland— 688,521 — 
Italy— 713,898 — 
Japan— 8,087,229 — 
Mexico— 438,627 — 
Netherlands— 856,048 — 
Norway— 1,031,614 — 
Spain— 951,083 — 
Sweden— 2,812,692 — 
Taiwan— 2,113,140 — 
United Kingdom
441,875 3,246,434 — 
Other Countries
48,579,613 — — 
Exchange-Traded Funds
1,815,418 — — 
Short-Term Investments
4,983,506 856,356 — 
$57,286,490 $37,970,086 — 
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.