NPORT-EX 2 aclm_intlsmallmidcap.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Small-Mid Cap Fund
August 31, 2023



International Small-Mid Cap - Schedule of Investments
AUGUST 31, 2023 (UNAUDITED) 
Shares
Value ($)
COMMON STOCKS — 97.8%
Australia — 4.8%
Allkem Ltd.(1)(2)
411,525 3,716,074 
carsales.com Ltd.
367,338 6,831,876 
NEXTDC Ltd.(1)
683,497 5,973,782 
Seven Group Holdings Ltd.
213,383 3,847,588 
Steadfast Group Ltd.
1,127,510 4,104,869 
24,474,189 
Belgium — 0.8%
D'ieteren Group
4,410 720,259 
Euronav NV
186,852 3,254,316 
3,974,575 
Canada — 9.6%
Alamos Gold, Inc., Class A
479,157 6,163,224 
Brookfield Infrastructure Corp., Class A
125,788 4,886,864 
Capstone Copper Corp.(1)
562,750 2,619,669 
Colliers International Group, Inc.
22,283 2,574,452 
Descartes Systems Group, Inc.(1)
36,373 2,727,167 
Finning International, Inc.
205,921 6,466,273 
FirstService Corp.
43,985 6,647,453 
Kinaxis, Inc.(1)
48,626 5,994,400 
SNC-Lavalin Group, Inc.
168,401 5,487,490 
Stella-Jones, Inc.
118,941 5,773,638 
49,340,630 
Denmark — 0.9%
Jyske Bank A/S(1)
69,414 4,936,284 
Finland — 0.9%
Metso Oyj
286,177 3,286,895 
Wartsila Oyj Abp
101,847 1,294,884 
4,581,779 
France — 6.7%
Alten SA
17,819 2,531,464 
Elis SA
455,243 8,688,322 
Forvia SE(1)
163,927 3,474,442 
Gaztransport Et Technigaz SA
27,699 3,430,097 
SEB SA
34,278 3,762,542 
SPIE SA
273,267 8,180,824 
Verallia SA
86,358 4,126,472 
34,194,163 
Germany — 8.8%
AIXTRON SE
95,206 3,614,251 
CTS Eventim AG & Co. KGaA
76,271 4,744,704 
Gerresheimer AG
69,903 9,073,374 
HelloFresh SE(1)
85,729 2,762,884 
Hensoldt AG
120,836 3,916,356 
Hugo Boss AG
79,843 6,010,611 
Jenoptik AG
141,729 4,149,363 
KION Group AG
66,163 2,641,308 
Redcare Pharmacy NV(1)
40,887 4,868,988 
TeamViewer SE(1)
172,863 3,203,733 
44,985,572 



Ireland — 1.1%
AIB Group PLC
1,250,032 5,689,573 
Israel — 3.7%
CyberArk Software Ltd.(1)
24,909 4,135,890 
Inmode Ltd.(1)
153,933 6,017,241 
Kornit Digital Ltd.(1)
126,993 2,826,864 
Nova Ltd.(1)
45,209 5,829,249 
18,809,244 
Italy — 2.4%
BPER Banca
1,915,058 5,766,769 
Interpump Group SpA
35,665 1,803,049 
Tod's SpA(1)
117,920 4,873,252 
12,443,070 
Japan — 30.8%
Amvis Holdings, Inc.
296,000 5,904,601 
Asics Corp.
271,500 9,881,470 
Food & Life Cos. Ltd.
146,800 2,788,239 
Fukuoka Financial Group, Inc.
261,000 6,163,592 
GMO Payment Gateway, Inc.
56,000 3,546,091 
Hoshizaki Corp.
135,200 5,188,748 
Internet Initiative Japan, Inc.
283,500 4,927,296 
Invincible Investment Corp.
16,262 6,755,786 
Japan Airport Terminal Co. Ltd.
163,500 7,749,516 
Kansai Paint Co. Ltd.
361,900 5,933,837 
Kotobuki Spirits Co. Ltd.
74,600 5,849,455 
M&A Capital Partners Co. Ltd.(1)
55,500 1,074,108 
MatsukiyoCocokara & Co.
97,600 5,746,732 
m-up Holdings, Inc.
131,200 1,340,194 
Nakanishi, Inc.
152,900 3,847,992 
Nextage Co. Ltd.(2)
122,900 2,766,538 
Nifco, Inc.
215,400 6,349,084 
Nippon Gas Co. Ltd.(2)
174,300 2,713,104 
Organo Corp.
160,600 4,457,351 
Rohto Pharmaceutical Co. Ltd.
293,700 7,641,024 
Ryohin Keikaku Co. Ltd.(2)
284,400 3,666,566 
Sankyo Co. Ltd.
140,000 6,096,683 
Sega Sammy Holdings, Inc.
233,400 4,657,916 
Socionext, Inc.
46,100 5,703,947 
Taiheiyo Cement Corp.(2)
238,200 4,567,105 
TechnoPro Holdings, Inc.
129,100 3,166,244 
Tokyo Ohka Kogyo Co. Ltd.
61,800 4,177,353 
Toyo Suisan Kaisha Ltd.
97,000 3,999,464 
Toyo Tire Corp.
499,000 7,512,586 
Usen-Next Holdings Co. Ltd.(2)
208,200 4,999,785 
UT Group Co. Ltd.(1)
176,400 2,932,948 
Yamazaki Baking Co. Ltd.
300,300 5,691,840 
157,797,195 
Netherlands — 1.8%
AMG Critical Materials NV
98,484 3,339,668 
ASR Nederland NV
103,452 4,523,396 
Basic-Fit NV(1)(2)
48,551 1,479,521 
9,342,585 
Norway — 2.1%
Aker Solutions ASA
1,075,369 4,491,292 
Seadrill Ltd.(1)
51,995 2,529,557 



Storebrand ASA
452,118 3,622,857 
10,643,706 
Spain — 2.9%
Cia de Distribucion Integral Logista Holdings SA
237,850 6,445,769 
Fluidra SA
108,524 2,440,360 
Sacyr SA
1,875,067 5,971,204 
14,857,333 
Sweden — 2.6%
AddTech AB, B Shares
140,304 2,370,398 
Beijer Ref AB(2)
343,205 3,933,881 
Munters Group AB
257,115 3,174,186 
Trelleborg AB, B Shares
100,348 2,547,522 
Vitrolife AB
88,737 1,207,706 
13,233,693 
Switzerland — 2.8%
Dufry AG(1)
88,365 3,926,281 
Interroll Holding AG
          824
2,455,592 
PSP Swiss Property AG
47,017 5,712,345 
Ypsomed Holding AG
8,409 2,484,418 
14,578,636 
United Kingdom — 14.1%
B&M European Value Retail SA
955,991 6,986,462 
Balfour Beatty PLC
1,255,523 5,198,200 
Bellway PLC
99,548 2,690,138 
ConvaTec Group PLC
1,449,588 4,254,723 
Diploma PLC
141,330 5,596,221 
Games Workshop Group PLC
35,907 4,916,837 
Golar LNG Ltd.
73,893 1,633,035 
Greggs PLC
80,310 2,503,630 
Indivior PLC(1)
223,926 5,152,569 
Intermediate Capital Group PLC
206,565 3,530,109 
Man Group PLC
2,033,875 5,450,620 
Melrose Industries PLC
1,008,361 6,521,577 
Pets at Home Group PLC
596,871 2,848,703 
Spectris PLC
56,966 2,396,235 
Trainline PLC(1)
734,411 2,172,592 
Tritax Big Box REIT PLC
3,066,908 5,477,807 
Weir Group PLC
216,993 5,029,845 
72,359,303 
United States — 1.0%
TechnipFMC PLC
270,728 5,154,661 
TOTAL COMMON STOCKS
(Cost $451,521,069)
501,396,191 
EXCHANGE-TRADED FUNDS — 1.8%
iShares MSCI EAFE Small-Cap ETF
(Cost $8,840,190)
150,834 8,926,356 
SHORT-TERM INVESTMENTS — 2.5%
Money Market Funds — 0.6%
State Street Institutional U.S. Government Money Market Fund, Premier Class
13,450 13,450 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
3,208,126 3,208,126 
3,221,576 
Repurchase Agreements — 1.9%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.375% - 3.00%, 5/15/47 - 5/15/51, valued at $1,642,321), in a joint trading account at 5.25%, dated 8/31/23, due 9/1/23 (Delivery value $1,609,042)
1,608,807 



Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.875%, 2/28/27, valued at $8,177,368), at 5.28%, dated 8/31/23, due 9/1/23 (Delivery value $8,018,176)
8,017,000 
9,625,807 
TOTAL SHORT-TERM INVESTMENTS
(Cost $12,847,383)
12,847,383 
TOTAL INVESTMENT SECURITIES — 102.1%
(Cost $473,208,642)
523,169,930 
OTHER ASSETS AND LIABILITIES — (2.1)%
(10,584,127)
TOTAL NET ASSETS — 100.0%
$512,585,803 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials24.5%
Consumer Discretionary17.3%
Financials9.4%
Information Technology9.3%
Materials7.8%
Health Care7.5%
Consumer Staples7.1%
Real Estate5.3%
Communication Services4.2%
Energy4.0%
Utilities1.4%
Exchange-Traded Funds1.8%
Short-Term Investments2.5%
Other Assets and Liabilities(2.1)%

NOTES TO SCHEDULE OF INVESTMENTS
(1)Non-income producing.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $14,430,806. 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.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $15,204,751, which includes securities collateral of $11,996,625.



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 1Level 2Level 3
Assets
Investment Securities
Common Stocks
Canada$11,534,317 $37,806,313 — 
Israel18,809,244 — — 
Norway2,529,557 8,114,149 — 
United Kingdom1,633,035 70,726,268 — 
United States5,154,661 — — 
Other Countries— 345,088,647 — 
Exchange-Traded Funds8,926,356 — — 
Short-Term Investments3,221,576 9,625,807 — 
$51,808,746 $471,361,184 — 
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.