NPORT-EX 2 accw_disciplinedgrowth.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
Disciplined Growth Fund
September 30, 2021



Disciplined Growth - Schedule of Investments
SEPTEMBER 30, 2021 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 98.8%
Aerospace and Defense — 0.3%
Textron, Inc.18,382 1,283,247 
Air Freight and Logistics — 0.8%
Expeditors International of Washington, Inc.10,451 1,245,028 
FedEx Corp.13,443 2,947,915 
4,192,943 
Automobiles — 1.2%
Tesla, Inc.(1)
7,514 5,826,957 
Biotechnology — 3.6%
Exelixis, Inc.(1)
85,278 1,802,777 
Horizon Therapeutics plc(1)
35,322 3,869,172 
Moderna, Inc.(1)
12,468 4,798,434 
Regeneron Pharmaceuticals, Inc.(1)
5,454 3,300,652 
Vertex Pharmaceuticals, Inc.(1)
23,659 4,291,506 
18,062,541 
Building Products — 1.0%
Allegion plc18,728 2,475,467 
Carlisle Cos., Inc.13,860 2,755,229 
5,230,696 
Capital Markets — 2.2%
Moody's Corp.10,444 3,708,769 
MSCI, Inc.5,958 3,624,490 
T. Rowe Price Group, Inc.17,270 3,397,009 
10,730,268 
Commercial Services and Supplies — 0.6%
Clean Harbors, Inc.(1)
16,689 1,733,487 
Rollins, Inc.42,110 1,487,746 
3,221,233 
Communications Equipment — 0.5%
Arista Networks, Inc.(1)
7,628 2,621,286 
Construction and Engineering — 0.5%
EMCOR Group, Inc.21,297 2,457,248 
Containers and Packaging — 0.1%
Greif, Inc., Class A10,433 673,972 
Electrical Equipment — 0.5%
Atkore, Inc.(1)
13,527 1,175,767 
Eaton Corp. plc8,290 1,237,780 
2,413,547 
Electronic Equipment, Instruments and Components — 0.7%
Keysight Technologies, Inc.(1)
22,093 3,629,659 
Entertainment — 0.5%
Walt Disney Co. (The)(1)
14,545 2,460,578 
Food and Staples Retailing — 1.2%
Costco Wholesale Corp.13,013 5,847,391 
Food Products — 0.6%
Darling Ingredients, Inc.(1)
43,239 3,108,884 
Health Care Equipment and Supplies — 4.4%
Align Technology, Inc.(1)
3,800 2,528,634 
Danaher Corp.5,550 1,689,642 



DexCom, Inc.(1)
4,652 2,543,993 
Edwards Lifesciences Corp.(1)
28,639 3,242,221 
IDEXX Laboratories, Inc.(1)
5,174 3,217,710 
Intuitive Surgical, Inc.(1)
4,158 4,133,676 
Stryker Corp.16,379 4,319,470 
21,675,346 
Health Care Providers and Services — 0.6%
Molina Healthcare, Inc.(1)
10,735 2,912,513 
Hotels, Restaurants and Leisure — 3.6%
Chipotle Mexican Grill, Inc.(1)
1,431 2,600,871 
Darden Restaurants, Inc.11,552 1,749,781 
Domino's Pizza, Inc.7,398 3,528,550 
McDonald's Corp.16,910 4,077,170 
Starbucks Corp.51,770 5,710,749 
17,667,121 
Household Durables — 0.4%
Sonos, Inc.(1)
69,833 2,259,796 
Interactive Media and Services — 10.4%
Alphabet, Inc., Class A(1)
12,027 32,154,425 
Alphabet, Inc., Class C(1)
1,101 2,934,506 
Facebook, Inc., Class A(1)
48,339 16,405,773 
51,494,704 
Internet and Direct Marketing Retail — 5.9%
Amazon.com, Inc.(1)
8,031 26,382,156 
Etsy, Inc.(1)
14,574 3,030,809 
29,412,965 
IT Services — 6.8%
Accenture plc, Class A20,265 6,483,179 
EPAM Systems, Inc.(1)
3,131 1,786,173 
Gartner, Inc.(1)
7,358 2,235,949 
Mastercard, Inc., Class A28,520 9,915,834 
Perficient, Inc.(1)
26,189 3,030,067 
Visa, Inc., Class A47,176 10,508,454 
33,959,656 
Leisure Products — 0.5%
YETI Holdings, Inc.(1)
26,921 2,306,860 
Life Sciences Tools and Services — 1.5%
Agilent Technologies, Inc.10,512 1,655,956 
Avantor, Inc.(1)
95,920 3,923,128 
Charles River Laboratories International, Inc.(1)
4,096 1,690,296 
7,269,380 
Machinery — 0.7%
AGCO Corp.9,588 1,174,818 
Crane Co.14,224 1,348,577 
Lincoln Electric Holdings, Inc.9,526 1,226,854 
3,750,249 
Media — 0.4%
Charter Communications, Inc., Class A(1)
2,879 2,094,645 
Paper and Forest Products — 0.4%
Louisiana-Pacific Corp.33,729 2,069,949 
Personal Products — 0.8%
Estee Lauder Cos., Inc. (The), Class A13,025 3,906,588 
Professional Services — 0.5%
TransUnion21,770 2,444,989 



Real Estate Management and Development — 0.2%
eXp World Holdings, Inc.21,283 846,425 
Road and Rail — 0.9%
Old Dominion Freight Line, Inc.15,449 4,418,105 
Semiconductors and Semiconductor Equipment — 9.8%
Advanced Micro Devices, Inc.(1)
53,676 5,523,260 
Analog Devices, Inc.16,679 2,793,399 
Broadcom, Inc.7,683 3,725,717 
KLA Corp.8,597 2,875,783 
Lam Research Corp.4,318 2,457,590 
Monolithic Power Systems, Inc.7,302 3,539,133 
NVIDIA Corp.75,008 15,538,657 
QUALCOMM, Inc.50,174 6,471,443 
Semtech Corp.(1)
23,150 1,805,006 
United Microelectronics Corp., ADR130,505 1,491,672 
Xilinx, Inc.15,083 2,277,382 
48,499,042 
Software — 18.7%
Adobe, Inc.(1)
14,889 8,571,895 
Atlassian Corp. plc, Class A(1)
8,688 3,400,657 
Autodesk, Inc.(1)
12,303 3,508,447 
Fortinet, Inc.(1)
12,245 3,576,030 
Intuit, Inc.8,102 4,371,110 
Microsoft Corp.151,963 42,841,409 
Palo Alto Networks, Inc.(1)
9,959 4,770,361 
salesforce.com, Inc.(1)
15,251 4,136,376 
ServiceNow, Inc.(1)
11,081 6,895,374 
Synopsys, Inc.(1)
9,657 2,891,402 
Workday, Inc., Class A(1)
14,725 3,679,630 
Zscaler, Inc.(1)
14,984 3,929,104 
92,571,795 
Specialty Retail — 5.7%
AutoZone, Inc.(1)
1,588 2,696,408 
Dick's Sporting Goods, Inc.19,419 2,325,814 
Home Depot, Inc. (The)26,027 8,543,623 
Penske Automotive Group, Inc.19,074 1,918,844 
Ross Stores, Inc.20,342 2,214,227 
TJX Cos., Inc. (The)71,780 4,736,044 
Ulta Beauty, Inc.(1)
8,464 3,054,827 
Williams-Sonoma, Inc.15,011 2,661,901 
28,151,688 
Technology Hardware, Storage and Peripherals — 9.7%
Apple, Inc.304,444 43,078,826 
Dell Technologies, Inc., Class C(1)
21,452 2,231,866 
Pure Storage, Inc., Class A(1)
107,442 2,703,241 
48,013,933 
Textiles, Apparel and Luxury Goods — 2.1%
Crocs, Inc.(1)
9,166 1,315,138 
lululemon athletica, Inc.(1)
5,645 2,284,531 
NIKE, Inc., Class B45,836 6,656,762 
10,256,431 
Trading Companies and Distributors — 0.5%
United Rentals, Inc.(1)
7,672 2,692,335 
TOTAL COMMON STOCKS
(Cost $313,627,925)
490,434,965 



TEMPORARY CASH INVESTMENTS — 0.8%
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.125%, 5/15/23, valued at $699,727), in a joint trading account at 0.02%, dated 9/30/21, due 10/1/21 (Delivery value $685,788)685,788 
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.375%, 11/15/48, valued at $2,330,728), at 0.01%, dated 9/30/21, due 10/1/21 (Delivery value $2,285,001)2,285,000 
State Street Institutional U.S. Government Money Market Fund, Premier Class797,654 797,654 
TOTAL TEMPORARY CASH INVESTMENTS
(Cost $3,768,442)
3,768,442 
TOTAL INVESTMENT SECURITIES — 99.6%
(Cost $317,396,367)
494,203,407 
OTHER ASSETS AND LIABILITIES — 0.4%
1,952,813 
TOTAL NET ASSETS — 100.0%
$496,156,220 

NOTES TO SCHEDULE OF INVESTMENTS
ADR-American Depositary Receipt
(1)Non-income producing.



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 Board of Directors has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.
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. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.
If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Directors or its delegate, in accordance with policies and procedures adopted by the Board of Directors. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
The fund 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; 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 fund also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that the Board of Directors, or its delegate, deems appropriate. The fund 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 Stocks490,434,965 — — 
Temporary Cash Investments797,654 2,970,788 — 
491,232,619 2,970,788 — 

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.