American Century Investments®
Quarterly Portfolio Holdings
Emerging Markets Small Cap Fund
February 29, 2024
| Emerging Markets Small Cap - Schedule of Investments | ||
| FEBRUARY 29, 2024 (UNAUDITED) | ||
| Shares | Value ($) | |||||||
| COMMON STOCKS — 100.3% | ||||||||
| Brazil — 10.4% | ||||||||
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | 53,100 | 255,934 | ||||||
Embraer SA, ADR(1) | 6,245 | 121,715 | ||||||
| Fleury SA | 36,600 | 117,212 | ||||||
| Marcopolo SA, Preference Shares | 178,200 | 312,588 | ||||||
| PRIO SA | 36,400 | 321,157 | ||||||
| Santos Brasil Participacoes SA | 92,300 | 194,957 | ||||||
| Sendas Distribuidora SA | 34,100 | 97,544 | ||||||
| Vivara Participacoes SA | 20,700 | 136,165 | ||||||
VTEX, Class A(1) | 10,782 | 89,922 | ||||||
| YDUQS Participacoes SA | 40,500 | 165,875 | ||||||
| 1,813,069 | ||||||||
| Canada — 0.3% | ||||||||
ERO Copper Corp.(1)(2) | 2,880 | 49,063 | ||||||
| China — 2.7% | ||||||||
| BOC Aviation Ltd. | 7,300 | 53,737 | ||||||
Far East Horizon Ltd.(2) | 93,000 | 74,745 | ||||||
| Shenzhen Envicool Technology Co. Ltd., Class A | 44,300 | 158,837 | ||||||
Tongcheng Travel Holdings Ltd.(1) | 76,000 | 191,060 | ||||||
| 478,379 | ||||||||
| Greece — 2.0% | ||||||||
| OPAP SA | 8,175 | 149,024 | ||||||
Piraeus Financial Holdings SA(1) | 46,363 | 204,827 | ||||||
| 353,851 | ||||||||
| Hong Kong — 1.4% | ||||||||
MGM China Holdings Ltd.(1) | 148,400 | 239,818 | ||||||
| India — 28.9% | ||||||||
| Alembic Pharmaceuticals Ltd. | 14,846 | 182,217 | ||||||
| AU Small Finance Bank Ltd. | 12,031 | 82,473 | ||||||
| Craftsman Automation Ltd. | 1,130 | 57,047 | ||||||
| Crompton Greaves Consumer Electricals Ltd. | 13,987 | 48,993 | ||||||
| Fortis Healthcare Ltd. | 61,109 | 300,164 | ||||||
| Indian Hotels Co. Ltd. | 67,833 | 480,123 | ||||||
| Jyothy Labs Ltd. | 70,319 | 391,843 | ||||||
KEI Industries Ltd.(1) | 4,310 | 166,568 | ||||||
MakeMyTrip Ltd.(1) | 5,702 | 351,756 | ||||||
PB Fintech Ltd.(1) | 25,893 | 364,219 | ||||||
| Persistent Systems Ltd. | 2,499 | 260,054 | ||||||
| Phoenix Mills Ltd. | 12,856 | 426,578 | ||||||
| Prestige Estates Projects Ltd. | 36,618 | 515,364 | ||||||
| Shriram Finance Ltd. | 7,692 | 225,954 | ||||||
| Supreme Industries Ltd. | 3,089 | 154,487 | ||||||
| Torrent Pharmaceuticals Ltd. | 5,695 | 183,485 | ||||||
| Varun Beverages Ltd. | 30,504 | 518,397 | ||||||
WNS Holdings Ltd., ADR(1) | 3,403 | 196,353 | ||||||
| Wonderla Holidays Ltd. | 12,922 | 146,774 | ||||||
| 5,052,849 | ||||||||
| Indonesia — 2.7% | ||||||||
| Ciputra Development Tbk. PT | 2,808,500 | 226,484 | ||||||
| Mitra Adiperkasa Tbk. PT | 1,949,100 | 238,111 | ||||||
| 464,595 | ||||||||
| Malaysia — 1.9% | ||||||||
| Carlsberg Brewery Malaysia Bhd. | 18,800 | 75,467 | ||||||
| Gamuda Bhd. | 230,700 | 257,314 | ||||||
| 332,781 | ||||||||
| Mexico — 7.3% | ||||||||
| Corp. Inmobiliaria Vesta SAB de CV | 90,478 | 317,656 | ||||||
| GCC SAB de CV | 23,492 | 246,384 | ||||||
| Gentera SAB de CV | 213,229 | 320,514 | ||||||
| Qualitas Controladora SAB de CV | 34,626 | 389,039 | ||||||
| 1,273,593 | ||||||||
| Philippines — 2.0% | ||||||||
Bloomberry Resorts Corp.(1) | 1,292,400 | 258,103 | ||||||
| International Container Terminal Services, Inc. | 17,560 | 90,115 | ||||||
| 348,218 | ||||||||
Russia(3) — 0.0% | ||||||||
HeadHunter Group PLC, ADR(1) | 776 | — | ||||||
| Saudi Arabia — 8.0% | ||||||||
| Al-Dawaa Medical Services Co. | 4,179 | 127,714 | ||||||
| Arabian Contracting Services Co. | 4,180 | 293,057 | ||||||
| Catrion Catering Holding Co. | 3,974 | 141,628 | ||||||
| Leejam Sports Co. JSC | 4,383 | 251,662 | ||||||
| National Medical Care Co. | 5,106 | 274,004 | ||||||
| Riyadh Cables Group Co. | 10,599 | 316,718 | ||||||
| 1,404,783 | ||||||||
| South Africa — 1.1% | ||||||||
Capitec Bank Holdings Ltd.(2) | 702 | 73,961 | ||||||
Clicks Group Ltd.(2) | 7,506 | 117,204 | ||||||
| 191,165 | ||||||||
| South Korea — 7.9% | ||||||||
| BGF retail Co. Ltd. | 637 | 63,206 | ||||||
| Cosmax, Inc. | 1,500 | 121,271 | ||||||
Dentium Co. Ltd.(1) | 825 | 89,519 | ||||||
| Fila Holdings Corp. | 3,341 | 96,292 | ||||||
| Han Kuk Carbon Co. Ltd. | 8,482 | 65,982 | ||||||
| Hankook Tire & Technology Co. Ltd. | 6,053 | 246,601 | ||||||
Hyundai Autoever Corp.(1) | 880 | 98,823 | ||||||
| Hyundai Mipo Dockyard Co. Ltd. | 1,216 | 57,563 | ||||||
| Jeisys Medical, Inc. | 13,167 | 78,033 | ||||||
| LG Innotek Co. Ltd. | 428 | 65,042 | ||||||
| Orion Corp. | 1,609 | 112,222 | ||||||
Samsung Engineering Co. Ltd.(1) | 6,478 | 119,812 | ||||||
| Soulbrain Co. Ltd. | 824 | 168,910 | ||||||
| 1,383,276 | ||||||||
| Taiwan — 16.5% | ||||||||
| Accton Technology Corp. | 11,000 | 181,021 | ||||||
| Airtac International Group | 2,000 | 76,626 | ||||||
| Alchip Technologies Ltd. | 4,000 | 524,730 | ||||||
| Asia Vital Components Co. Ltd. | 15,000 | 253,034 | ||||||
| ASMedia Technology, Inc. | 7,000 | 522,487 | ||||||
| Bizlink Holding, Inc. | 7,067 | 54,293 | ||||||
| Chailease Holding Co. Ltd. | 12,595 | 69,636 | ||||||
| Chroma ATE, Inc. | 14,000 | 103,344 | ||||||
| Eclat Textile Co. Ltd. | 8,000 | 136,734 | ||||||
| Global Unichip Corp. | 3,000 | 151,200 | ||||||
| Himax Technologies, Inc., ADR | 8,059 | 44,405 | ||||||
| King Yuan Electronics Co. Ltd. | 118,000 | 332,280 | ||||||
| Pegavision Corp. | 6,000 | 76,016 | ||||||
| Sercomm Corp. | 21,000 | 90,110 | ||||||
| Simplo Technology Co. Ltd. | 7,000 | 94,497 | ||||||
| Winbond Electronics Corp. | 190,467 | 168,393 | ||||||
| 2,878,806 | ||||||||
| Thailand — 3.9% | ||||||||
| Bumrungrad Hospital PCL | 34,900 | 217,753 | ||||||
Erawan Group PCL, NVDR(1) | 944,000 | 124,932 | ||||||
| Minor International PCL | 92,700 | 82,083 | ||||||
| Thai Oil PCL | 49,000 | 77,386 | ||||||
| WHA Corp. PCL | 1,415,400 | 181,598 | ||||||
| 683,752 | ||||||||
| Turkey — 1.2% | ||||||||
| Sok Marketler Ticaret AS | 95,548 | 204,940 | ||||||
| United Arab Emirates — 2.1% | ||||||||
| Burjeel Holdings PLC | 201,070 | 168,968 | ||||||
| Emirates Central Cooling Systems Corp. | 444,211 | 198,481 | ||||||
| 367,449 | ||||||||
TOTAL COMMON STOCKS (Cost $12,845,995) | 17,520,387 | |||||||
| EXCHANGE-TRADED FUNDS — 1.0% | ||||||||
Fubon Taiwan Small-Mid Cap Alpha Momentum 50 ETF (Cost $138,977) | 93,000 | 180,933 | ||||||
| SHORT-TERM INVESTMENTS — 1.1% | ||||||||
| Money Market Funds — 1.1% | ||||||||
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 15,159 | 15,159 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(4) | 178,490 | 178,490 | ||||||
| 193,649 | ||||||||
| Repurchase Agreements — 0.0% | ||||||||
| BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 3.625% - 3.875%, 9/30/29 - 2/15/53, valued at $1,389), in a joint trading account at 5.27%, dated 2/29/24, due 3/1/24 (Delivery value $1,354) | 1,353 | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $195,002) | 195,002 | |||||||
TOTAL INVESTMENT SECURITIES — 102.4% (Cost $13,179,974) | 17,896,322 | |||||||
| OTHER ASSETS AND LIABILITIES — (2.4)% | (426,796) | |||||||
| TOTAL NET ASSETS — 100.0% | $ | 17,469,526 | ||||||
| MARKET SECTOR DIVERSIFICATION | |||||
| (as a % of net assets) | |||||
| Consumer Discretionary | 20.6% | ||||
| Information Technology | 16.5% | ||||
| Industrials | 13.6% | ||||
| Consumer Staples | 10.5% | ||||
| Financials | 10.3% | ||||
| Health Care | 9.7% | ||||
| Real Estate | 9.6% | ||||
| Materials | 3.9% | ||||
| Energy | 2.3% | ||||
| Communication Services | 2.2% | ||||
| Utilities | 1.1% | ||||
| Exchange-Traded Funds | 1.0% | ||||
| Short-Term Investments | 1.1% | ||||
| Other Assets and Liabilities | (2.4)% | ||||
| NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
| ADR | – | American Depositary Receipt | ||||||
| NVDR | – | Non-Voting Depositary Receipt | ||||||
(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 $170,567. 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)Securities may be subject to resale, redemption or transferability restrictions.
(4)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $179,252, which includes securities collateral of $762.
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 1 | Level 2 | Level 3 | |||||||||
| Assets | |||||||||||
| Investment Securities | |||||||||||
| Common Stocks | $ | 804,151 | $ | 16,716,236 | — | ||||||
| Exchange-Traded Funds | — | 180,933 | — | ||||||||
| Short-Term Investments | 193,649 | 1,353 | — | ||||||||
| $ | 997,800 | $ | 16,898,522 | — | |||||||
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.