NPORT-EX 2 aclm_q1holdings578.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Small-Mid Cap Fund
February 29, 2024



International Small-Mid Cap - Schedule of Investments
FEBRUARY 29, 2024 (UNAUDITED) 
Shares
Value ($)
COMMON STOCKS — 98.2%
  
Australia — 8.4%
  
Breville Group Ltd.
144,196 2,570,071 
CAR Group Ltd.
320,903 7,688,073 
Charter Hall Retail REIT
1,614,669 3,710,640 
Lovisa Holdings Ltd.(1)
79,503 1,683,444 
NEXTDC Ltd.(2)
845,323 9,732,218 
Pro Medicus Ltd.
57,926 3,927,868 
Reliance Worldwide Corp. Ltd.
1,310,075 4,676,504 
Sandfire Resources Ltd.(2)
562,749 2,775,574 
Seven Group Holdings Ltd.(1)
242,560 6,087,662 
Steadfast Group Ltd.
746,761 2,814,130 
 45,666,184 
Belgium — 2.7%
  
Aedifica SA
45,421 2,593,994 
D'ieteren Group
42,783 8,266,504 
Warehouses De Pauw CVA
141,625 3,793,394 
 14,653,892 
Canada — 8.1%
  
Alamos Gold, Inc., Class A
366,162 4,319,532 
Brookfield Infrastructure Corp., Class A
137,200 4,550,924 
Capstone Copper Corp.(2)
947,685 4,971,829 
Cargojet, Inc.(1)
37,851 3,088,267 
Celestica, Inc.(2)
130,516 5,547,038 
Colliers International Group, Inc.
41,787 4,862,706 
Descartes Systems Group, Inc.(2)
31,327 2,715,245 
FirstService Corp.
31,072 5,124,705 
SNC-Lavalin Group, Inc.
162,314 5,486,013 
Stella-Jones, Inc.
63,295 3,558,493 
 44,224,752 
Denmark — 1.1%
  
ALK-Abello AS(2)
323,927 6,043,329 
Finland — 2.0%
  
Huhtamaki OYJ
119,809 4,704,058 
Konecranes OYJ
123,288 6,353,058 
 11,057,116 
France — 4.7%
  
Alten SA
17,419 2,558,819 
Elis SA
452,695 10,340,250 
Gaztransport Et Technigaz SA
37,098 5,735,101 
SPIE SA
215,018 7,162,040 
 25,796,210 
Germany — 6.1%
  
AIXTRON SE(1)
36,487 1,015,134 
CTS Eventim AG & Co. KGaA
54,630 4,302,167 
Gerresheimer AG
50,001 5,862,579 
HUGO BOSS AG
91,117 6,204,218 
KION Group AG
85,863 4,338,313 
Redcare Pharmacy NV(2)
34,354 5,196,396 
Scout24 SE
63,082 4,586,989 



Stroeer SE & Co. KGaA
32,005 1,792,717 
 33,298,513 
Ireland — 0.8%
  
Glanbia PLC
240,337 4,357,366 
Israel — 2.8%
  
CyberArk Software Ltd.(2)
31,940 8,424,494 
Nova Ltd.(2)
39,440 6,840,868 
 15,265,362 
Italy — 1.5%
  
BPER Banca
1,371,962 5,508,207 
Interpump Group SpA
57,999 2,755,736 
 8,263,943 
Japan — 30.3%
  
Amvis Holdings, Inc.
224,700 3,753,471 
Asics Corp.
170,400 7,251,906 
Coca-Cola Bottlers Japan Holdings, Inc.
416,100 5,501,047 
CyberAgent, Inc.
867,800 6,093,700 
Fukuoka Financial Group, Inc.
208,800 5,424,365 
Hoshizaki Corp.
159,600 5,447,739 
Internet Initiative Japan, Inc.
209,800 3,899,016 
Invincible Investment Corp.
10,799 4,434,028 
Kansai Paint Co. Ltd.(1)
387,200 5,620,063 
Kinden Corp.
224,600 3,829,275 
Kotobuki Spirits Co. Ltd.
187,600 2,511,232 
MatsukiyoCocokara & Co.
140,700 2,333,254 
Mebuki Financial Group, Inc.
1,524,300 4,765,343 
Money Forward, Inc.(2)
163,900 7,281,063 
Morinaga & Co. Ltd.
187,400 3,359,417 
Nifco, Inc.
192,700 4,651,848 
Nippon Gas Co. Ltd.
313,400 4,901,101 
Nissan Chemical Corp.
117,600 4,918,839 
Organo Corp.
124,600 6,404,000 
Park24 Co. Ltd.(2)
408,000 4,846,599 
Rohto Pharmaceutical Co. Ltd.
174,900 3,557,114 
Ryohin Keikaku Co. Ltd.(1)
340,700 5,383,472 
Sankyo Co. Ltd.(1)
255,500 2,918,736 
Sanrio Co. Ltd.
125,200 7,020,264 
Santen Pharmaceutical Co. Ltd.
521,500 5,168,486 
Taiheiyo Cement Corp.
266,000 5,587,982 
TechnoPro Holdings, Inc.
183,100 3,666,981 
Tokyo Ohka Kogyo Co. Ltd.
232,600 7,178,118 
Tokyo Seimitsu Co. Ltd.
59,500 4,081,740 
Toyo Suisan Kaisha Ltd.
47,500 2,756,849 
Toyo Tire Corp.
493,900 8,947,967 
Usen-Next Holdings Co. Ltd.
234,500 7,122,542 
Yamazaki Baking Co. Ltd.
183,100 4,294,482 
 164,912,039 
Netherlands — 2.4%
  
Allfunds Group PLC
656,581 4,667,692 
Fugro NV(2)
168,378 3,721,227 
InPost SA(2)
290,803 4,543,858 
 12,932,777 
Norway — 0.9%
  
Aker Solutions ASA
312,944 1,051,374 



Seadrill Ltd.(2)
90,860 3,834,292 
 4,885,666 
Spain — 3.5%
  
Bankinter SA(1)
549,813 3,499,979 
Fluidra SA
123,545 2,889,545 
Indra Sistemas SA(1)
350,429 6,711,182 
Sacyr SA
1,868,821 6,141,734 
 19,242,440 
Sweden — 4.3%
  
AddTech AB, B Shares
124,318 2,752,188 
Munters Group AB
467,617 8,565,545 
Saab AB, B Shares
60,185 4,744,599 
Sinch AB(2)
1,252,451 3,148,066 
Thule Group AB
47,095 1,281,408 
Trelleborg AB, B Shares
79,283 2,881,840 
 23,373,646 
Switzerland — 4.5%
  
Flughafen Zurich AG
12,562 2,649,960 
Interroll Holding AG
182 572,209 
PSP Swiss Property AG
53,013 6,740,252 
Swissquote Group Holding SA
18,173 4,847,598 
Tecan Group AG
9,084 3,548,838 
Ypsomed Holding AG
14,433 5,949,064 
 24,307,921 
United Kingdom — 13.5%
  
B&M European Value Retail SA
618,392 4,113,090 
Bellway PLC
220,456 7,519,327 
Bytes Technology Group PLC
812,959 5,741,258 
ConvaTec Group PLC
1,453,466 4,523,667 
Diploma PLC
141,330 6,189,515 
Greggs PLC
81,934 2,794,376 
Howden Joinery Group PLC
519,769 5,443,567 
Intermediate Capital Group PLC
375,130 9,146,755 
Man Group PLC
892,509 2,739,499 
Melrose Industries PLC
848,993 6,818,228 
Spectris PLC
63,479 2,805,371 
Tritax Big Box REIT PLC
3,962,242 7,348,967 
UNITE Group PLC
353,514 4,292,606 
Weir Group PLC
173,500 4,024,310 
 73,500,536 
United States — 0.6%
  
TechnipFMC PLC
148,586 3,222,830 
TOTAL COMMON STOCKS
(Cost $444,366,699)
 535,004,522 
EXCHANGE-TRADED FUNDS — 0.6%
  
iShares MSCI EAFE Small-Cap ETF
(Cost $3,296,698)
55,976 3,428,530 
SHORT-TERM INVESTMENTS — 1.0%
Money Market Funds — 0.2%
State Street Institutional U.S. Government Money Market Fund, Premier Class8,597 8,597 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
1,237,764 1,237,764 
1,246,361 
Repurchase Agreements — 0.8%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 3.625% - 3.875%, 9/30/29 - 2/15/53, valued at $335,501), in a joint trading account at 5.27%, dated 2/29/24, due 3/1/24 (Delivery value $327,056)327,008 



Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.875%, 9/30/26, valued at $2,946,833), at 5.28%, dated 2/29/24, due 3/1/24 (Delivery value $2,889,424)2,889,000 
TD Securities (USA) LLC, (collateralized by various U.S. Treasury obligations, 0.375% - 4.875%, 6/30/24 - 10/31/30, valued at $780,439), at 5.28%, dated 2/29/24, due 3/1/24 (Delivery value $765,112)765,000 
3,981,008 
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,227,369)
5,227,369 
TOTAL INVESTMENT SECURITIES — 99.8%
(Cost $452,890,766)
543,660,421 
OTHER ASSETS AND LIABILITIES — 0.2%1,125,529 
TOTAL NET ASSETS — 100.0%$544,785,950 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials25.1%
Consumer Discretionary13.0%
Information Technology12.2%
Materials8.0%
Financials8.0%
Real Estate7.9%
Health Care7.1%
Communication Services6.5%
Consumer Staples6.2%
Energy2.5%
Utilities1.7%
Exchange-Traded Funds0.6%
Short-Term Investments1.0%
Other Assets and Liabilities0.2%

NOTES TO SCHEDULE OF INVESTMENTS
CVACertificaten Van Aandelen
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $23,961,066. 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 $27,471,169, which includes securities collateral of $26,233,405.



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.

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$9,675,629 $34,549,123 — 
Israel15,265,362 — — 
Norway3,834,292 1,051,374 — 
United States3,222,830 — — 
Other Countries— 467,405,912 — 
Exchange-Traded Funds3,428,530 — — 
Short-Term Investments1,246,361 3,981,008 — 
$36,673,004 $506,987,417 — 
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.