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) | |||||
| Industrials | 24.5% | ||||
| Consumer Discretionary | 17.3% | ||||
| Financials | 9.4% | ||||
| Information Technology | 9.3% | ||||
| Materials | 7.8% | ||||
| Health Care | 7.5% | ||||
| Consumer Staples | 7.1% | ||||
| Real Estate | 5.3% | ||||
| Communication Services | 4.2% | ||||
| Energy | 4.0% | ||||
| Utilities | 1.4% | ||||
| Exchange-Traded Funds | 1.8% | ||||
| Short-Term Investments | 2.5% | ||||
| 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 1 | Level 2 | Level 3 | |||||||||
| Assets | |||||||||||
| Investment Securities | |||||||||||
| Common Stocks | |||||||||||
| Canada | $ | 11,534,317 | $ | 37,806,313 | — | ||||||
| Israel | 18,809,244 | — | — | ||||||||
| Norway | 2,529,557 | 8,114,149 | — | ||||||||
| United Kingdom | 1,633,035 | 70,726,268 | — | ||||||||
| United States | 5,154,661 | — | — | ||||||||
| Other Countries | — | 345,088,647 | — | ||||||||
| Exchange-Traded Funds | 8,926,356 | — | — | ||||||||
| Short-Term Investments | 3,221,576 | 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.