NPORT-EX 2 aczg_avantisussmcapvalue.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
Avantis® U.S. Small Cap Value Fund
November 30, 2022


Avantis U.S. Small Cap Value Fund - Schedule of Investments 
NOVEMBER 30, 2022 (UNAUDITED) 
Shares/
Principal Amount ($)		Value ($)
COMMON STOCKS — 99.9%
Aerospace and Defense — 0.3%
AAR Corp.(1)
9,381 436,779 
AerSale Corp.(1)
7,640 121,094 
Moog, Inc., Class A
8,633 751,330 
1,309,203 
Air Freight and Logistics — 1.4%
Air Transport Services Group, Inc.(1)
55,349 1,551,986 
Atlas Air Worldwide Holdings, Inc.(1)
22,531 2,270,449 
Hub Group, Inc., Class A(1)
19,753 1,662,215 
5,484,650 
Airlines — 0.7%
Allegiant Travel Co.(1)
10,846 895,988 
JetBlue Airways Corp.(1)
147,490 1,174,021 
SkyWest, Inc.(1)
29,145 537,725 
Wheels Up Experience, Inc.(1)
52,414 67,090 
2,674,824 
Auto Components — 1.0%
American Axle & Manufacturing Holdings, Inc.(1)
95,275 991,813 
Goodyear Tire & Rubber Co.(1)
187,810 2,107,228 
LCI Industries
9,978 986,425 
Modine Manufacturing Co.(1)
38 804 
Motorcar Parts of America, Inc.(1)
5,397 60,824 
Strattec Security Corp.(1)
45 1,118 
4,148,212 
Automobiles — 1.2%
Harley-Davidson, Inc.
5,577 262,844 
Thor Industries, Inc.
34,957 3,011,196 
Winnebago Industries, Inc.
21,557 1,263,025 
Workhorse Group, Inc.(1)(2)
72,304 166,299 
4,703,364 
Banks — 15.5%
1st Source Corp.
3,078 175,754 
ACNB Corp.
923 36,274 
Amalgamated Financial Corp.
10,082 268,887 
Amerant Bancorp, Inc.
13,742 404,839 
American National Bankshares, Inc.
1,409 54,345 
Ameris Bancorp
31,509 1,666,196 
Ames National Corp.
1,518 34,762 
Arrow Financial Corp.
3,465 121,864 
Associated Banc-Corp.
65,118 1,601,903 
Banc of California, Inc.
25,830 438,335 
BancFirst Corp.
4,390 447,517 
Bancorp, Inc.(1)
22,756 681,997 
Bank First Corp.(2)
423 40,198 
Bank of Hawaii Corp.
15,983 1,289,349 
Bank OZK
13,229 610,518 
BankFinancial Corp.
377 3,717 
BankUnited, Inc.
37,259 1,368,150 
Banner Corp.
17,031 1,202,729 


Bar Harbor Bankshares
2,956 89,478 
Baycom Corp.
1,850 35,076 
BCB Bancorp, Inc.
3,352 63,185 
Berkshire Hills Bancorp, Inc.
9,272 289,101 
Brookline Bancorp., Inc.
37,017 526,382 
Business First Bancshares, Inc.
3,317 78,016 
Byline Bancorp, Inc.
9,248 210,762 
C&F Financial Corp.
431 24,140 
Cambridge Bancorp
1,271 113,005 
Camden National Corp.
3,837 167,984 
Capital Bancorp, Inc.
2,756 68,404 
Capital City Bank Group, Inc.
2,809 98,877 
Capstar Financial Holdings, Inc.
3,560 63,724 
Carter Bankshares, Inc.(1)
2,856 52,950 
Cathay General Bancorp
28,187 1,309,850 
CB Financial Services, Inc.(2)
235 5,283 
Central Pacific Financial Corp.
12,145 257,353 
Central Valley Community Bancorp
2,641 53,876 
Chemung Financial Corp.
842 39,995 
City Holding Co.
6,514 663,907 
Civista Bancshares, Inc.
2,482 56,739 
CNB Financial Corp.
3,804 97,192 
Coastal Financial Corp.(1)
250 12,480 
Colony Bankcorp, Inc.
416 5,703 
Columbia Banking System, Inc.
27,805 947,038 
Community Financial Corp.
1,296 51,905 
Community Trust Bancorp, Inc.
5,680 272,129 
ConnectOne Bancorp, Inc.
15,019 394,099 
CrossFirst Bankshares, Inc.(1)
10,197 141,432 
Customers Bancorp, Inc.(1)
15,789 509,511 
Dime Community Bancshares, Inc.
18,184 648,623 
Eagle Bancorp Montana, Inc.
1,752 31,186 
Eagle Bancorp, Inc.
14,417 679,906 
Enterprise Bancorp, Inc.
1,329 46,488 
Enterprise Financial Services Corp.
15,755 824,617 
Equity Bancshares, Inc., Class A
3,501 127,997 
Esquire Financial Holdings, Inc.
1,574 70,578 
Evans Bancorp, Inc.
1,322 51,465 
Farmers National Banc Corp.
6,519 99,154 
FB Financial Corp.
12,245 524,208 
Financial Institutions, Inc.
3,877 98,166 
First BanCorp
105,580 1,623,820 
First Bancorp, Inc.
227 7,137 
First Bancorp/Southern Pines NC
6,690 325,335 
First Bancshares, Inc.
4,395 150,265 
First Bank/Hamilton NJ
4,600 70,564 
First Busey Corp.
22,561 588,165 
First Business Financial Services, Inc.
977 37,439 
First Commonwealth Financial Corp.
30,821 453,685 
First Community Bankshares, Inc.
2,500 92,375 
First Community Corp.
85 1,749 
First Financial Corp.
4,114 197,760 
First Foundation, Inc.
24,626 345,010 
First Guaranty Bancshares, Inc.
266 6,647 
First Internet Bancorp
3,003 77,958 


First Merchants Corp.
705 31,168 
First Mid Bancshares, Inc.
4,108 142,342 
First of Long Island Corp.
5,675 110,379 
First Savings Financial Group, Inc.
1,383 31,048 
First United Corp.
279 5,736 
First Western Financial, Inc.(1)
900 27,360 
Flushing Financial Corp.
12,918 269,469 
FNB Corp.
73,674 1,038,803 
FNCB Bancorp, Inc.
206 1,640 
Franklin Financial Services Corp.
146 4,497 
Fulton Financial Corp.
76,555 1,423,157 
FVCBankcorp, Inc.(1)
598 11,822 
Great Southern Bancorp, Inc.
4,818 301,848 
Hancock Whitney Corp.
35,648 1,954,936 
Hanmi Financial Corp.
18,029 487,684 
HarborOne Bancorp, Inc.
11,000 160,930 
Hawthorn Bancshares, Inc.
792 16,727 
HBT Financial, Inc.
2,201 43,250 
Heartland Financial USA, Inc.
14,573 711,017 
Hilltop Holdings, Inc.
23,313 694,727 
HomeStreet, Inc.
8,098 221,075 
HomeTrust Bancshares, Inc.
2,923 74,829 
Hope Bancorp, Inc.
51,020 694,892 
Horizon Bancorp, Inc.
13,036 211,965 
Independent Bank Corp. (Michigan)
5,710 140,123 
International Bancshares Corp.
21,985 1,158,170 
Investar Holding Corp.
2,251 49,837 
Lakeland Bancorp, Inc.
18,210 340,163 
Lakeland Financial Corp.
3,035 239,644 
Landmark Bancorp, Inc.
195 5,033 
LCNB Corp.
1,807 32,960 
Limestone Bancorp, Inc.
58 1,496 
Live Oak Bancshares, Inc.
8,775 292,646 
Macatawa Bank Corp.
7,793 86,580 
Mercantile Bank Corp.
3,782 131,651 
Meridian Corp.
1,533 51,708 
Metrocity Bankshares, Inc.
3,750 84,375 
Metropolitan Bank Holding Corp.(1)
3,568 226,711 
Mid Penn Bancorp, Inc.
1,366 45,078 
Midland States Bancorp, Inc.
7,780 209,360 
MidWestOne Financial Group, Inc.
3,723 129,895 
MVB Financial Corp.
2,840 67,819 
National Bank Holdings Corp., Class A
8,652 402,405 
National Bankshares, Inc.
300 11,790 
NBT Bancorp, Inc.
20,589 950,388 
Northeast Bank
1,928 81,632 
Northrim BanCorp, Inc.
1,797 99,931 
Oak Valley Bancorp
775 15,120 
OceanFirst Financial Corp.
14,614 341,383 
OFG Bancorp
29,609 857,773 
Old National Bancorp
1 19 
Old Second Bancorp, Inc.
13,543 236,461 
Origin Bancorp, Inc.
8,492 347,493 
Orrstown Financial Services, Inc.
2,704 72,765 
Pacific Premier Bancorp, Inc.
43,316 1,600,526 


PacWest Bancorp
47,666 1,245,036 
Park National Corp.
4,634 701,263 
Parke Bancorp, Inc.
2,104 45,762 
Pathward Financial, Inc.
10,015 435,953 
PCB Bancorp.
1,436 26,738 
Peapack-Gladstone Financial Corp.
4,207 173,413 
Peoples Bancorp of North Carolina, Inc.
588 17,475 
Peoples Bancorp, Inc.
5,085 152,550 
Plumas Bancorp
642 22,791 
Popular, Inc.
16,729 1,221,552 
Preferred Bank
6,211 469,490 
Premier Financial Corp.
12,362 360,723 
Primis Financial Corp.
5,304 65,504 
QCR Holdings, Inc.
9,206 484,328 
RBB Bancorp
3,757 84,420 
Red River Bancshares, Inc.
185 9,713 
Republic Bancorp, Inc., Class A
3,166 139,526 
Republic First Bancorp, Inc.(1)
3,815 9,728 
Riverview Bancorp, Inc.
2,994 22,724 
Salisbury Bancorp, Inc.
62 1,816 
Sandy Spring Bancorp, Inc.
19,669 684,875 
SB Financial Group, Inc.
134 2,211 
ServisFirst Bancshares, Inc.
7,912 599,888 
Shore Bancshares, Inc.
1,205 23,992 
Sierra Bancorp
3,475 75,199 
Simmons First National Corp., Class A
25,507 592,017 
SmartFinancial, Inc.
2,267 67,965 
South Plains Financial, Inc.
2,649 82,013 
Southern First Bancshares, Inc.(1)
1,448 71,676 
Southside Bancshares, Inc.
8,927 324,407 
SouthState Corp.
840 73,794 
Stock Yards Bancorp, Inc.
18 1,332 
Summit Financial Group, Inc.
1,425 40,413 
Synovus Financial Corp.
16,965 714,735 
Texas Capital Bancshares, Inc.(1)
19,250 1,154,808 
Tompkins Financial Corp.
3,663 306,007 
Towne Bank
26,674 861,570 
TriCo Bancshares
13,380 729,210 
Triumph Bancorp, Inc.(1)
9,789 584,991 
Trustmark Corp.
18,782 687,046 
UMB Financial Corp.
11,990 1,025,385 
Umpqua Holdings Corp.
101,123 2,049,763 
Union Bankshares, Inc.
156 3,853 
United Community Banks, Inc.
276 10,756 
United Security Bancshares
700 4,935 
Unity Bancorp, Inc.
1,160 33,072 
Univest Financial Corp.
10,161 286,642 
Valley National Bancorp
88,160 1,116,106 
Washington Federal, Inc.
31,340 1,105,362 
Washington Trust Bancorp, Inc.
6,452 321,052 
West BanCorp, Inc.
3,824 91,929 
Wintrust Financial Corp.
13,907 1,271,517 
61,998,469 
Beverages — 0.3%
Coca-Cola Consolidated, Inc.
2,476 1,217,697 


Biotechnology — 1.8%
Alector, Inc.(1)
18,340 155,707 
Catalyst Pharmaceuticals, Inc.(1)
71,471 1,198,569 
Cullinan Oncology, Inc.(1)
12,686 157,687 
Dynavax Technologies Corp.(1)(2)
28,853 358,066 
Emergent BioSolutions, Inc.(1)
26,140 321,522 
Ironwood Pharmaceuticals, Inc.(1)
97,746 1,183,704 
iTeos Therapeutics, Inc.(1)
9,249 186,367 
Ligand Pharmaceuticals, Inc.(1)
7,062 514,820 
Organogenesis Holdings, Inc.(1)
4,707 12,897 
Ovid therapeutics, Inc.(1)
4 7 
REGENXBIO, Inc.(1)
26,570 635,023 
Tango Therapeutics, Inc.(1)
1,587 11,918 
Vir Biotechnology, Inc.(1)
81,105 2,288,783 
XOMA Corp.(1)
1,119 23,689 
7,048,759 
Building Products — 0.8%
Apogee Enterprises, Inc.
13,170 635,453 
Insteel Industries, Inc.
9,206 271,485 
Masonite International Corp.(1)
15,018 1,130,405 
Quanex Building Products Corp.
17,835 423,938 
UFP Industries, Inc.
10,675 873,855 
3,335,136 
Capital Markets — 1.9%
B. Riley Financial, Inc.
2,210 97,063 
Cowen, Inc., Class A
13,043 504,242 
Diamond Hill Investment Group, Inc.
855 152,156 
Evercore, Inc., Class A
15,209 1,751,773 
GAMCO Investors, Inc., Class A
544 8,704 
Hennessy Advisors, Inc.
490 4,459 
Janus Henderson Group PLC
43,067 1,089,164 
Moelis & Co., Class A
9,176 396,587 
Oppenheimer Holdings, Inc., Class A
2,286 95,235 
Piper Sandler Cos.
7,975 1,145,688 
Stifel Financial Corp.
16,908 1,086,339 
StoneX Group, Inc.(1)
9,623 976,446 
Virtus Investment Partners, Inc.
2,381 461,771 
7,769,627 
Chemicals — 2.3%
AdvanSix, Inc.
20,486 843,204 
American Vanguard Corp.
24,323 559,429 
Cabot Corp.
35,373 2,604,160 
Chemours Co.
77,791 2,415,411 
Hawkins, Inc.
5,041 209,706 
Intrepid Potash, Inc.(1)
6,770 244,059 
Kronos Worldwide, Inc.
15,640 144,044 
LSB Industries, Inc.(1)
21,847 337,099 
Orion Engineered Carbons SA
21,130 396,821 
Rayonier Advanced Materials, Inc.(1)
27,861 215,644 
Stepan Co.
385 42,954 
Tredegar Corp.
9,795 101,280 
Tronox Holdings PLC, Class A
87,905 1,242,098 
Valhi, Inc.
1,270 28,270 
9,384,179 


Commercial Services and Supplies — 0.2%
Civeo Corp.(1)
5,607 164,229 
Ennis, Inc.
4,672 108,530 
Heritage-Crystal Clean, Inc.(1)
10,440 329,904 
Interface, Inc.
23,294 252,274 
Quad/Graphics, Inc.(1)
8,561 31,676 
Team, Inc.(1)
9 6 
886,619 
Communications Equipment — 0.5%
ViaSat, Inc.(1)
55,676 1,897,995 
Construction and Engineering — 0.7%
Ameresco, Inc., Class A(1)
23,444 1,536,051 
Dycom Industries, Inc.(1)
2,742 249,906 
Great Lakes Dredge & Dock Corp.(1)
2 15 
MYR Group, Inc.(1)
10,584 1,011,089 
Northwest Pipe Co.(1)
1,947 72,934 
Tutor Perini Corp.(1)
18,365 131,310 
3,001,305 
Construction Materials — 0.1%
Eagle Materials, Inc.
3,974 541,815 
United States Lime & Minerals, Inc.
69 9,590 
551,405 
Consumer Finance — 1.8%
Atlanticus Holdings Corp.(1)
2,510 72,288 
Bread Financial Holdings, Inc.
20,997 861,507 
Consumer Portfolio Services, Inc.(1)
6,386 55,047 
Encore Capital Group, Inc.(1)
10,145 511,308 
EZCORP, Inc., Class A(1)
8,933 89,509 
Green Dot Corp., Class A(1)
19,310 393,538 
LendingClub Corp.(1)
30,933 318,919 
Navient Corp.
64,213 1,064,009 
Nelnet, Inc., Class A
4,308 424,510 
OneMain Holdings, Inc.
14,192 558,597 
Oportun Financial Corp.(1)
5,021 27,816 
PRA Group, Inc.(1)
12,013 413,007 
PROG Holdings, Inc.(1)
10,698 210,644 
Regional Management Corp.
2,426 71,422 
SLM Corp.
126,000 2,199,960 
World Acceptance Corp.(1)
1,547 109,698 
7,381,779 
Distributors†
Funko, Inc., Class A(1)
17 161 
Diversified Consumer Services — 1.1%
Adtalem Global Education, Inc.(1)
37,160 1,545,856 
Grand Canyon Education, Inc.(1)
17,498 1,978,499 
Laureate Education, Inc., Class A
132 1,383 
Perdoceo Education Corp.(1)
49,829 715,046 
Universal Technical Institute, Inc.(1)
25,324 183,346 
4,424,130 
Diversified Financial Services — 0.5%
Alerus Financial Corp.
2,974 70,365 
Jackson Financial, Inc., Class A
51,405 1,919,977 
1,990,342 
Diversified Telecommunication Services — 0.7%
ATN International, Inc.
7,362 356,394 


EchoStar Corp., Class A(1)
23,130 402,462 
Iridium Communications, Inc.(1)
41,945 2,227,280 
2,986,136 
Electrical Equipment — 1.4%
Atkore, Inc.(1)
27,592 3,370,363 
Encore Wire Corp.
15,242 2,227,008 
Preformed Line Products Co.
32 3,019 
5,600,390 
Electronic Equipment, Instruments and Components — 1.8%
Bel Fuse, Inc., Class B
2,915 100,393 
CTS Corp.
9,571 406,767 
Daktronics, Inc.(1)
3,168 10,930 
Kimball Electronics, Inc.(1)
4,447 102,681 
Plexus Corp.(1)
2 220 
Sanmina Corp.(1)
50,676 3,349,177 
ScanSource, Inc.(1)
544 16,244 
TTM Technologies, Inc.(1)
62,174 999,136 
Vishay Intertechnology, Inc.
100,316 2,311,281 
7,296,829 
Energy Equipment and Services — 2.6%
Archrock, Inc.
87,422 761,446 
Bristow Group, Inc.(1)
12,875 334,750 
Dril-Quip, Inc.(1)
17,312 407,524 
Helmerich & Payne, Inc.
25,283 1,291,456 
Nabors Industries Ltd.(1)
3,275 518,531 
National Energy Services Reunited Corp.(1)
15,545 99,332 
Natural Gas Services Group, Inc.(1)
3,161 34,929 
Newpark Resources, Inc.(1)
37,589 150,732 
Oceaneering International, Inc.(1)
42,804 650,193 
Oil States International, Inc.(1)
6,690 45,157 
ProPetro Holding Corp.(1)
58,748 645,053 
Select Energy Services, Inc., Class A
2,624 21,491 
TechnipFMC PLC(1)
141,486 1,754,426 
TETRA Technologies, Inc.(1)
32,370 123,330 
Transocean Ltd.(1)
252,508 1,073,159 
US Silica Holdings, Inc.(1)
51,337 672,001 
Weatherford International PLC(1)
38,393 1,666,256 
10,249,766 
Entertainment — 0.2%
Madison Square Garden Entertainment Corp.(1)
9,626 463,203 
Marcus Corp.(2)
10,749 174,564 
637,767 
Food and Staples Retailing — 1.8%
Andersons, Inc.
8 308 
HF Foods Group, Inc.(1)
1,687 7,490 
Ingles Markets, Inc., Class A
12,928 1,307,021 
Natural Grocers by Vitamin Cottage, Inc.
4,681 47,185 
PriceSmart, Inc.
385 27,350 
SpartanNash Co.
28,593 939,280 
Sprouts Farmers Market, Inc.(1)
53,383 1,832,638 
United Natural Foods, Inc.(1)
37,648 1,795,057 
Village Super Market, Inc., Class A
2,044 46,072 
Weis Markets, Inc.
13,414 1,169,835 
7,172,236 


Food Products — 0.2%
Fresh Del Monte Produce, Inc.
16,780 464,470 
Pilgrim's Pride Corp.(1)
5 131 
Seneca Foods Corp., Class A(1)
2,432 156,329 
620,930 
Health Care Equipment and Supplies — 0.6%
Co-Diagnostics, Inc.(1)(2)
13,905 41,854 
FONAR Corp.(1)
475 8,939 
Meridian Bioscience, Inc.(1)
21,524 688,768 
OmniAb, Inc.(1)
24,084 85,257 
OmniAb, Inc.(1)
2,678 6,745 
OmniAb, Inc.(1)
2,678 6,540 
QuidelOrtho Corp.(1)
19,355 1,695,692 
Utah Medical Products, Inc.
574 51,120 
2,584,915 
Health Care Providers and Services — 0.3%
Ensign Group, Inc.
2,000 190,000 
Fulgent Genetics, Inc.(1)
14,748 534,910 
Patterson Cos., Inc.
15,682 445,996 
1,170,906 
Hotels, Restaurants and Leisure — 1.3%
BJ's Restaurants, Inc.(1)
11,392 365,455 
Carrols Restaurant Group, Inc.(1)
3,216 4,792 
Century Casinos, Inc.(1)
1,283 9,584 
Cheesecake Factory, Inc.
31,204 1,093,388 
Chuy's Holdings, Inc.(1)
12,506 396,315 
Cracker Barrel Old Country Store, Inc.
11,748 1,348,671 
Monarch Casino & Resort, Inc.(1)
8,431 715,370 
ONE Group Hospitality, Inc.(1)
10,666 70,289 
Playa Hotels & Resorts NV(1)
86,470 531,791 
RCI Hospitality Holdings, Inc.
4,212 383,376 
Red Robin Gourmet Burgers, Inc.(1)
4,768 39,527 
Target Hospitality Corp.(1)
7,103 102,709 
5,061,267 
Household Durables — 1.7%
Bassett Furniture Industries, Inc.
2,642 50,172 
Beazer Homes USA, Inc.(1)
151 2,061 
Ethan Allen Interiors, Inc.
17,413 495,400 
GoPro, Inc., Class A(1)
69,441 380,537 
Green Brick Partners, Inc.(1)
16,758 405,208 
Hooker Furnishings Corp.
1,512 25,719 
Hovnanian Enterprises, Inc., Class A(1)
1,596 76,624 
La-Z-Boy, Inc.
2,807 76,435 
Legacy Housing Corp.(1)
241 4,222 
Lifetime Brands, Inc.
267 2,245 
M/I Homes, Inc.(1)
9,599 433,683 
Meritage Homes Corp.(1)
5,900 509,819 
Skyline Champion Corp.(1)
12,211 634,850 
Taylor Morrison Home Corp.(1)
83,774 2,545,892 
Tri Pointe Homes, Inc.(1)
64,724 1,193,510 
Universal Electronics, Inc.(1)
3,515 76,873 
VOXX International Corp.(1)
3,636 39,960 
6,953,210 
Independent Power and Renewable Electricity Producers — 0.2%
Ormat Technologies, Inc.(2)
7,348 664,480 


Insurance — 4.1%
Ambac Financial Group, Inc.(1)
12,074 196,323 
AMERISAFE, Inc.
316 18,761 
Argo Group International Holdings Ltd.
16,906 459,505 
Assured Guaranty Ltd.
24,964 1,661,854 
Axis Capital Holdings Ltd.
36,618 2,107,732 
Brighthouse Financial, Inc.(1)
38,401 2,140,472 
CNO Financial Group, Inc.
47,671 1,119,315 
Crawford & Co., Class A
616 3,899 
Donegal Group, Inc., Class A
3,433 51,049 
Employers Holdings, Inc.
10,283 477,851 
Genworth Financial, Inc., Class A(1)
225,216 1,132,837 
Hanover Insurance Group, Inc.
7,019 1,033,899 
Horace Mann Educators Corp.
16,488 636,272 
Investors Title Co.
100 15,354 
NI Holdings, Inc.(1)
1,243 16,781 
Oscar Health, Inc., Class A(1)
8,049 23,181 
Primerica, Inc.
3,477 518,177 
ProAssurance Corp.
11,387 227,626 
Safety Insurance Group, Inc.
7,626 699,609 
Selective Insurance Group, Inc.
16,785 1,613,374 
SiriusPoint Ltd.(1)
23,183 151,153 
Stewart Information Services Corp.
9,163 405,554 
United Fire Group, Inc.
5,307 162,129 
Unum Group
35,628 1,502,789 
16,375,496 
Interactive Media and Services — 0.2%
Cars.com, Inc.(1)
40,989 605,817 
Internet and Direct Marketing Retail†
Duluth Holdings, Inc., Class B(1)
5,416 47,444 
Lands' End, Inc.(1)
5,925 68,493 
115,937 
IT Services — 0.4%
Cass Information Systems, Inc.
2,275 98,917 
Computer Task Group, Inc.(1)
1,148 8,679 
International Money Express, Inc.(1)
2,379 51,672 
Kyndryl Holdings, Inc.(1)
128,135 1,500,461 
1,659,729 
Leisure Products — 0.8%
Acushnet Holdings Corp.
8 363 
Malibu Boats, Inc., Class A(1)
12,932 746,306 
MasterCraft Boat Holdings, Inc.(1)
8,678 223,198 
Smith & Wesson Brands, Inc.
33,445 393,648 
Sturm Ruger & Co., Inc.
12,455 684,153 
Vista Outdoor, Inc.(1)
40,197 1,124,310 
3,171,978 
Life Sciences Tools and Services — 0.3%
AbCellera Biologics, Inc.(1)
81,957 1,054,787 
Machinery — 1.5%
Albany International Corp., Class A
14,081 1,427,391 
Greenbrier Cos., Inc.
502 19,272 
Kennametal, Inc.
52,388 1,384,091 
L.B. Foster Co., Class A(1)
1,249 11,766 
Mueller Industries, Inc.
39,583 2,722,123 
REV Group, Inc.
19,917 276,647 


Terex Corp.
220 10,100 
Titan International, Inc.(1)
18,203 260,849 
6,112,239 
Marine — 0.8%
Costamare, Inc.
40,936 394,623 
Eagle Bulk Shipping, Inc.
8,195 421,633 
Genco Shipping & Trading Ltd.
31,978 474,234 
Matson, Inc.
28,602 1,823,663 
Pangaea Logistics Solutions Ltd.
20,109 103,159 
Safe Bulkers, Inc.
44,161 125,859 
3,343,171 
Media — 0.4%
Audacy, Inc.(1)
33,969 9,753 
Cumulus Media, Inc., Class A(1)
11,998 87,825 
Entravision Communications Corp., Class A
30,218 168,012 
PubMatic, Inc., Class A(1)
16,212 254,042 
Scholastic Corp.
24,323 1,000,162 
1,519,794 
Metals and Mining — 3.2%
Alpha Metallurgical Resources, Inc.
14,113 2,416,569 
Ascent Industries Co.(1)
314 3,338 
Carpenter Technology Corp.
5,940 243,896 
Coeur Mining, Inc.(1)
50,065 175,228 
Commercial Metals Co.
80,029 3,939,027 
Haynes International, Inc.
266 13,289 
Hecla Mining Co.
300,627 1,638,417 
Kaiser Aluminum Corp.
1,433 129,543 
Ramaco Resources, Inc.
17,058 195,314 
Ryerson Holding Corp.
18,104 533,887 
Schnitzer Steel Industries, Inc., Class A
17,163 589,206 
SunCoke Energy, Inc.
69,425 587,336 
TimkenSteel Corp.(1)
35,428 662,504 
Warrior Met Coal, Inc.
45,948 1,691,805 
12,819,359 
Multiline Retail — 1.4%
Big Lots, Inc.(2)
20,394 397,683 
Dillard's, Inc., Class A(2)
2,962 1,065,432 
Kohl's Corp.
51,314 1,646,153 
Macy's, Inc.
110,954 2,607,419 
5,716,687 
Oil, Gas and Consumable Fuels — 12.8%
Antero Midstream Corp.
95,299 1,079,738 
Arch Resources, Inc.
10,926 1,690,798 
Ardmore Shipping Corp.(1)
3,480 52,478 
Berry Corp.
38,660 348,327 
Brigham Minerals, Inc., Class A
34,503 1,222,441 
California Resources Corp.
14,055 637,816 
Callon Petroleum Co.(1)
29,950 1,255,504 
Chord Energy Corp.
12,266 1,870,933 
Civitas Resources, Inc.
23,874 1,608,153 
CNX Resources Corp.(1)
23,917 415,438 
Comstock Resources, Inc.
56,462 1,036,078 
CONSOL Energy, Inc.
20,813 1,611,967 
CVR Energy, Inc.
20,034 738,253 
Delek US Holdings, Inc.
19,325 598,689 


Denbury, Inc.(1)
21,188 1,901,835 
DHT Holdings, Inc.
74,073 750,359 
Dorian LPG Ltd.
17,956 349,603 
Earthstone Energy, Inc., Class A(1)
33,331 527,963 
EnLink Midstream LLC(1)
120,991 1,555,944 
Epsilon Energy Ltd.
4,859 35,762 
Equitrans Midstream Corp.
212,089 1,779,427 
Evolution Petroleum Corp.
16,025 115,861 
Hallador Energy Co.(1)(2)
16,621 169,534 
Kimbell Royalty Partners LP(1)
37,600 649,352 
Kosmos Energy Ltd.(1)
291,453 1,938,162 
Laredo Petroleum, Inc.(1)
8,615 549,895 
Magnolia Oil & Gas Corp., Class A
76,325 1,990,556 
Matador Resources Co.
47,256 3,135,908 
Murphy Oil Corp.
67,305 3,176,796 
NACCO Industries, Inc., Class A
2,354 106,542 
Overseas Shipholding Group, Inc., Class A(1)
20,289 58,229 
PBF Energy, Inc., Class A
49,820 1,981,341 
PDC Energy, Inc.
43,227 3,212,631 
Peabody Energy Corp.(1)
42,983 1,372,877 
Permian Resources Corp.
124,117 1,261,029 
Plains GP Holdings LP, Class A(1)
98,281 1,300,258 
Range Resources Corp.
66,188 1,910,848 
Ranger Oil Corp., Class A
10,940 476,656 
REX American Resources Corp.(1)
8,244 243,280 
Riley Exploration Permian, Inc.
1,613 52,439 
Ring Energy, Inc.(1)
66,787 180,325 
SandRidge Energy, Inc.(1)
25,724 524,770 
SFL Corp. Ltd.
84,617 828,400 
SilverBow Resources, Inc.(1)(2)
8,443 294,745 
SM Energy Co.
71,541 3,084,133 
Talos Energy, Inc.(1)
55,708 1,094,662 
Teekay Corp.(1)
3,514 15,637 
VAALCO Energy, Inc.
39,518 204,703 
World Fuel Services Corp.
5,559 158,154 
51,155,229 
Paper and Forest Products — 1.3%
Clearwater Paper Corp.(1)
12,171 475,034 
Louisiana-Pacific Corp.
51,611 3,292,782 
Mercer International, Inc.
36,581 504,818 
Sylvamo Corp.
16,706 903,627 
5,176,261 
Personal Products — 0.4%
Nature's Sunshine Products, Inc.(1)
4,126 36,722 
Nu Skin Enterprises, Inc., Class A
29,331 1,223,396 
USANA Health Sciences, Inc.(1)
5,730 315,379 
1,575,497 
Pharmaceuticals — 0.7%
Arvinas, Inc.(1)
24,127 990,172 
Assertio Holdings, Inc.(1)(2)
15,274 47,349 
Innoviva, Inc.(1)
45,675 599,713 
Prestige Consumer Healthcare, Inc.(1)
12,782 785,582 
ProPhase Labs, Inc.(2)
2,333 24,193 
SIGA Technologies, Inc.
31,011 284,681 


Supernus Pharmaceuticals, Inc.(1)
52 1,910 
2,733,600 
Professional Services — 1.1%
CBIZ, Inc.(1)
23,033 1,143,588 
CRA International, Inc.
1,512 186,369 
Heidrick & Struggles International, Inc.
11,832 351,410 
Kelly Services, Inc., Class A
7,404 125,794 
Kforce, Inc.
4,885 288,557 
Korn Ferry
30,155 1,719,740 
TrueBlue, Inc.(1)
19,874 428,881 
4,244,339 
Real Estate Management and Development — 1.0%
Douglas Elliman, Inc.
41,064 169,184 
Five Point Holdings LLC, Class A(1)
14,515 31,352 
Forestar Group, Inc.(1)
10,190 151,118 
Howard Hughes Corp.(1)
16,266 1,212,468 
Kennedy-Wilson Holdings, Inc.
78,106 1,329,364 
Marcus & Millichap, Inc.
17,554 653,711 
RE/MAX Holdings, Inc., Class A
12,693 264,014 
3,811,211 
Road and Rail — 2.8%
ArcBest Corp.
15,963 1,321,258 
Covenant Logistics Group, Inc.
4,475 171,795 
Heartland Express, Inc.
33,067 553,542 
Marten Transport Ltd.
42,552 906,783 
PAM Transportation Services, Inc.(1)
3,478 97,488 
Ryder System, Inc.
43,092 4,028,671 
Saia, Inc.(1)
5,869 1,429,630 
Schneider National, Inc., Class B
30,754 792,223 
Universal Logistics Holdings, Inc.
1,657 62,916 
US Xpress Enterprises, Inc., Class A(1)
5,048 11,409 
Werner Enterprises, Inc.
42,636 1,875,131 
11,250,846 
Semiconductors and Semiconductor Equipment — 2.5%
Alpha & Omega Semiconductor Ltd.(1)
13,415 470,598 
Amkor Technology, Inc.
65,326 1,830,434 
Axcelis Technologies, Inc.(1)
15,239 1,216,986 
Diodes, Inc.(1)
29,419 2,713,314 
Kulicke & Soffa Industries, Inc.
41,429 1,986,521 
Photronics, Inc.(1)
46,191 868,391 
SMART Global Holdings, Inc.(1)
5,138 86,884 
Ultra Clean Holdings, Inc.(1)
19,079 679,785 
9,852,913 
Software — 0.2%
Cleanspark, Inc.(1)(2)
13,052 29,367 
InterDigital, Inc.
16,766 841,150 
870,517 
Specialty Retail — 7.6%
Aaron's Co., Inc.
23,207 282,893 
Abercrombie & Fitch Co., Class A(1)
37,746 905,149 
Academy Sports & Outdoors, Inc.
43,180 2,179,726 
American Eagle Outfitters, Inc.
90,517 1,431,979 
AutoNation, Inc.(1)
11,121 1,378,003 
Bed Bath & Beyond, Inc.(1)(2)
23,199 78,877 
Big 5 Sporting Goods Corp.(2)
10,404 129,114 


Buckle, Inc.
18,874 829,512 
Build-A-Bear Workshop, Inc.
9,659 229,401 
Caleres, Inc.
30,168 728,859 
Cato Corp., Class A
10,167 105,737 
Chico's FAS, Inc.(1)
92,914 545,405 
Children's Place, Inc.(1)
6,298 223,579 
Citi Trends, Inc.(1)
4,400 132,968 
Conn's, Inc.(1)
10,875 108,315 
Container Store Group, Inc.(1)
13,676 64,961 
Designer Brands, Inc., Class A
41,874 640,672 
Destination XL Group, Inc.(1)
23,632 157,389 
Dick's Sporting Goods, Inc.
1,153 137,876 
Foot Locker, Inc.
75,023 2,985,915 
Gap, Inc.
173,328 2,520,189 
Genesco, Inc.(1)
10,031 523,618 
Group 1 Automotive, Inc.
7,118 1,376,194 
Guess?, Inc.
23,094 479,431 
Haverty Furniture Cos., Inc.
11,215 353,609 
Hibbett, Inc.
8,763 584,142 
MarineMax, Inc.(1)
15,373 507,770 
Murphy USA, Inc.
10,749 3,179,662 
ODP Corp.(1)
27,928 1,344,175 
Rent-A-Center, Inc.
27,958 673,508 
Shoe Carnival, Inc.
11,530 304,507 
Signet Jewelers Ltd.
30,487 1,981,655 
Sonic Automotive, Inc., Class A
16,883 897,163 
Tilly's, Inc., Class A
11,039 104,871 
TravelCenters of America, Inc.(1)
12,651 647,099 
Urban Outfitters, Inc.(1)
45,731 1,323,455 
Zumiez, Inc.(1)
11,140 259,005 
30,336,383 
Technology Hardware, Storage and Peripherals†
Immersion Corp.(1)
2,525 18,332 
Super Micro Computer, Inc.(1)
135 12,181 
30,513 
Textiles, Apparel and Luxury Goods — 1.6%
Capri Holdings Ltd.(1)
4,003 229,572 
Crown Crafts, Inc.
31 183 
Delta Apparel, Inc.(1)
349 4,607 
G-III Apparel Group Ltd.(1)
29,152 630,558 
Lakeland Industries, Inc.(1)
1,868 24,900 
Movado Group, Inc.
9,896 318,552 
Oxford Industries, Inc.
10,815 1,220,581 
PVH Corp.
40,078 2,692,440 
Under Armour, Inc., Class A(1)
65,786 657,860 
Under Armour, Inc., Class C(1)
67,665 590,039 
Unifi, Inc.(1)
4,426 38,772 
Vera Bradley, Inc.(1)
5,863 22,279 
6,430,343 
Thrifts and Mortgage Finance — 4.5%
Axos Financial, Inc.(1)
22,120 887,233 
Bridgewater Bancshares, Inc.(1)
5,299 102,112 
Enact Holdings, Inc.
9,161 227,193 
Essent Group Ltd.
51,548 2,066,559 
Federal Agricultural Mortgage Corp., Class C
4,325 544,301 


Flagstar Bancorp, Inc.
25,156 944,356 
FS Bancorp, Inc.
2,126 72,709 
Greene County Bancorp, Inc.
134 10,220 
Hingham Institution For Savings
254 74,544 
Home Bancorp, Inc.
1,338 57,507 
Kearny Financial Corp.
17,555 169,757 
Luther Burbank Corp.
2,236 26,519 
Merchants Bancorp
8,404 215,058 
MGIC Investment Corp.
164,333 2,256,292 
Mr. Cooper Group, Inc.(1)
41,366 1,868,089 
New York Community Bancorp, Inc.(2)
197,268 1,844,456 
NMI Holdings, Inc., Class A(1)
46,085 992,210 
Northfield Bancorp, Inc.
13,146 209,679 
OP Bancorp
1,343 15,713 
PennyMac Financial Services, Inc.
13,369 797,595 
Provident Financial Services, Inc.
33,500 754,755 
Radian Group, Inc.
83,928 1,642,471 
Southern Missouri Bancorp, Inc.
2,022 104,861 
Territorial Bancorp, Inc.
886 20,112 
Timberland Bancorp, Inc.
1,932 67,040 
TrustCo Bank Corp. NY
7,964 309,322 
Walker & Dunlop, Inc.
7,149 638,477 
Waterstone Financial, Inc.
5,837 97,770 
WSFS Financial Corp.
16,282 789,840 
17,806,750 
Trading Companies and Distributors — 5.2%
Air Lease Corp.
71,342 2,755,228 
Alta Equipment Group, Inc.
328 3,949 
BlueLinx Holdings, Inc.(1)
8,216 570,190 
Boise Cascade Co.
30,369 2,248,521 
GATX Corp.
23,779 2,681,082 
Global Industrial Co.
41 1,009 
H&E Equipment Services, Inc.
19,829 831,430 
Herc Holdings, Inc.
16,622 2,130,442 
McGrath RentCorp
16,229 1,592,390 
NOW, Inc.(1)
55,054 687,074 
Rush Enterprises, Inc., Class A
9,809 505,458 
Rush Enterprises, Inc., Class B
3,156 167,236 
Textainer Group Holdings Ltd.
27,393 834,939 
Titan Machinery, Inc.(1)
15,411 678,546 
Triton International Ltd.
53,558 3,613,558 
Veritiv Corp.
10,281 1,383,206 
20,684,258 
Wireless Telecommunication Services — 0.2%
Telephone & Data Systems, Inc.
74,189 781,952 
United States Cellular Corp.(1)
10,515 223,549 
1,005,501 
TOTAL COMMON STOCKS
(Cost $326,066,824)
399,665,843 
SHORT-TERM INVESTMENTS — 0.9%
Money Market Funds — 0.9%
State Street Institutional U.S. Government Money Market Fund, Premier Class
152,474 152,474 


State Street Navigator Securities Lending Government Money Market Portfolio(3)
3,321,133 3,321,133 
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,473,607)
3,473,607 
TOTAL INVESTMENT SECURITIES—100.8%
(Cost $329,540,431)
403,139,450 
OTHER ASSETS AND LIABILITIES — (0.8)%
(3,167,808)
TOTAL NET ASSETS — 100.0%
$399,971,642 

NOTES TO SCHEDULE OF INVESTMENTS
†Category is less than 0.05% of total net assets.
(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 $3,947,791. 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 $4,054,412 which includes security collateral of $733,279.


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 Trustees 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. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.

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.

As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.

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.