NPORT-EX 2 aclm_q1holdings578.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Small-Mid Cap Fund
February 28, 2026



International Small-Mid Cap Fund - Schedule of Investments
FEBRUARY 28, 2026 (UNAUDITED)
 
Shares
Value ($)
COMMON STOCKS — 100.6%
 
 
Australia — 8.5%
 
 
ALS Ltd.
391,660 7,124,685 
Genesis Minerals Ltd.(1)
1,361,062 7,242,985 
HUB24 Ltd.
34,108 2,369,701 
Lynas Rare Earths Ltd.(1)
329,730 4,370,320 
NEXTDC Ltd.(1)(2)
289,230 2,854,180 
PLS Group Ltd.(1)(2)
1,344,855 4,948,938 
Sandfire Resources Ltd.(1)
333,098 4,777,940 
Ventia Services Group Pty. Ltd.
1,423,563 5,934,724 
Zip Co. Ltd.(1)
1,281,689 1,741,418 
 
 
41,364,891 
Austria — 1.4%
 
 
BAWAG Group AG
43,282 6,703,639 
Belgium — 1.0%
 
 
Financiere de Tubize SA(2)
17,625 4,734,687 
Canada — 9.4%
 
 
Aritzia, Inc.(1)
117,038 10,363,146 
Boyd Group, Inc.
26,640 4,649,916 
BRP, Inc.
58,455 4,285,829 
Capstone Copper Corp.(1)
233,525 2,415,628 
Chartwell Retirement Residences
283,058 4,610,937 
Groupe Dynamite, Inc.
36,916 2,402,429 
Linamar Corp.
57,353 3,952,755 
OceanaGold Corp.
129,676 5,514,831 
Sienna Senior Living, Inc.(2)
254,343 4,378,119 
Taseko Mines Ltd.(1)
346,149 3,073,803 
 
 
45,647,393 
Denmark — 2.1%
 
 
AL Sydbank
51,984 4,660,919 
ALK-Abello AS(1)
165,011 5,747,144 
 
 
10,408,063 
Finland — 0.9%
 
 
Konecranes OYJ
35,537 4,195,334 
France — 2.9%
 
 
Exosens SAS
86,750 6,384,889 
Gaztransport Et Technigaz SA
22,446 5,126,171 
Nexans SA
18,699 2,686,149 
 
 
14,197,209 
Germany — 4.0%
 
 
Auto1 Group SE(1)
42,012 843,787 
Bilfinger SE
27,808 3,893,410 
Deutz AG
307,170 4,514,992 
flatexDEGIRO SE
101,425 3,674,852 
Friedrich Vorwerk Group SE
42,519 4,029,917 
Salzgitter AG
39,945 2,549,495 
 
 
19,506,453 
Israel — 4.2%
 
 
Bezeq The Israeli Telecommunication Corp. Ltd.
2,225,071 5,867,344 
Cellebrite DI Ltd.(1)
178,107 2,375,948 
Nova Ltd.(1)
7,471 3,278,723 



Phoenix Financial Ltd.
89,254 4,563,395 
Tower Semiconductor Ltd.(1)
35,484 4,430,887 
 
 
20,516,297 
Italy — 3.5%
 
 
ACEA SpA
101,743 3,154,759 
BPER Banca SpA
458,792 6,461,595 
De' Longhi SpA
76,198 3,493,491 
Technogym SpA
192,222 4,215,383 
 
 
17,325,228 
Japan — 35.4%
 
 
Alps Alpine Co. Ltd.
406,500 6,085,592 
Asics Corp.
104,500 3,202,477 
Chugoku Marine Paints Ltd.
142,700 4,288,543 
Daiei Kankyo Co. Ltd.
102,300 2,532,888 
GMO Payment Gateway, Inc.
9,000 466,724 
Haseko Corp.
167,000 3,648,460 
INFRONEER Holdings, Inc.
316,200 5,292,387 
Japan Metropolitan Fund Invest(2)
4,557 3,554,047 
JTEKT Corp.
487,500 6,690,987 
Katitas Co. Ltd.
353,900 8,093,035 
Kinden Corp.
48,400 2,624,182 
Koa Corp.
289,700 3,683,717 
Kokusai Electric Corp.
130,400 5,351,335 
Kumagai Gumi Co. Ltd.
524,000 6,759,496 
Kurita Water Industries Ltd.
117,300 6,520,218 
Maruwa Co. Ltd.
13,600 5,320,966 
Mebuki Financial Group, Inc.
944,000 8,096,788 
Nabtesco Corp.
231,900 7,516,699 
Nextage Co. Ltd.
335,500 8,244,610 
Nippon Gas Co. Ltd.
102,500 2,051,874 
Organo Corp.(2)
37,200 4,120,690 
Park24 Co. Ltd.
332,900 4,786,599 
Rengo Co. Ltd.(2)
550,700 5,499,428 
Resonac Holdings Corp.
88,600 6,728,407 
Seiko Group Corp.
12,900 1,090,309 
Shiseido Co. Ltd.
178,000 3,758,401 
Sinfonia Technology Co. Ltd.
72,600 6,092,571 
Sojitz Corp.
173,400 7,844,947 
Suruga Bank Ltd.
600,400 8,147,952 
SWCC Corp.
19,300 1,898,644 
Tokyo Ohka Kogyo Co. Ltd.
93,900 5,512,439 
Tokyo Tatemono Co. Ltd.
251,300 7,031,111 
Tsuruha Holdings, Inc.(2)
153,900 2,594,486 
Yaskawa Electric Corp.(2)
216,000 7,599,961 
 
 
172,730,970 
Netherlands — 0.8%
 
 
SBM Offshore NV
95,270 3,680,639 
Norway — 3.5%
 
 
DOF Group ASA
408,531 5,435,778 
Storebrand ASA
425,151 8,059,474 
Subsea 7 SA
125,444 3,638,876 
 
 
17,134,128 
Spain — 4.1%
 
 
Bankinter SA
188,371 3,125,705 
Construcciones y Auxiliar de Ferrocarriles SA
54,027 3,765,381 



Merlin Properties Socimi SA
144,869 2,558,178 
Neinor Homes SA(1)
232,598 5,225,816 
Tecnicas Reunidas SA(1)
125,893 5,481,520 
 
 
20,156,600 
Sweden — 3.4%
 
 
Clas Ohlson AB, B Shares
76,738 3,172,198 
Lagercrantz Group AB, B Shares
97,621 2,381,061 
Millicom International Cellular SA
74,021 5,395,391 
Munters Group AB
187,101 3,907,221 
NOBA Bank Group AB(1)
159,466 1,719,262 
 
 
16,575,133 
Switzerland — 2.0%
 
 
Accelleron Industries AG
38,062 3,590,335 
Galenica AG
25,037 3,126,036 
Kardex Holding AG
1,398 473,047 
Siegfried Holding AG
24,586 2,734,026 
 
 
9,923,444 
United Kingdom — 13.0%
 
 
Babcock International Group PLC
333,819 6,098,039 
Balfour Beatty PLC
508,660 5,210,887 
Burberry Group PLC(1)
150,397 2,351,278 
Computacenter PLC
82,542 3,519,234 
Cranswick PLC
47,869 3,498,706 
Diploma PLC
30,456 2,326,392 
Greencore Group PLC
995,934 3,634,167 
IMI PLC
130,043 5,045,618 
Mitie Group PLC
2,994,373 7,272,102 
SigmaRoc PLC(1)
2,115,733 4,231,477 
St. James's Place PLC
143,673 2,601,536 
Tritax Big Box REIT PLC
2,417,532 5,600,972 
Volution Group PLC
439,453 4,216,557 
Weir Group PLC
118,304 5,611,197 
Zegona Communications PLC
108,312 2,447,557 
 
 
63,665,719 
United States — 0.5%
 
 
TechnipFMC PLC
38,001 2,519,846 
TOTAL COMMON STOCKS
(Cost $344,045,116)
 
490,985,673 
EXCHANGE-TRADED FUNDS — 0.0%
 
 
iShares MSCI EAFE Small-Cap ETF
(Cost $24,498)
410 35,145 
SHORT-TERM INVESTMENTS — 4.3%
 
 
Money Market Funds — 4.0%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
1,188 1,188 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
19,524,233 19,524,233 
 
 
19,525,421 
Repurchase Agreements — 0.3%
 
 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.875%, 6/30/30, valued at $1,400,476), at 3.67%, dated 2/27/26, due 3/2/26 (Delivery value $1,373,420)
 
1,373,000 
TOTAL SHORT-TERM INVESTMENTS
(Cost $20,898,421)
 
20,898,421 
TOTAL INVESTMENT SECURITIES — 104.9%
(Cost $364,968,035)
 
511,919,239 
OTHER ASSETS AND LIABILITIES — (4.9)%
 
(23,938,639)
TOTAL NET ASSETS — 100.0%
 
$487,980,600 




MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials30.8%
Consumer Discretionary12.9%
Financials12.8%
Materials12.5%
Information Technology8.1%
Energy6.1%
Real Estate5.5%
Health Care5.2%
Communication Services2.8%
Consumer Staples2.8%
Utilities1.1%
Exchange-Traded Funds0.0%
Short-Term Investments4.3%
Other Assets and Liabilities(4.9)%

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 $36,203,711. 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 $38,054,485, which includes securities collateral of $18,530,252.



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 a 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 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$21,074,598 $469,911,075 — 
Exchange-Traded Funds35,145 — — 
Short-Term Investments19,525,421 1,373,000 — 
$40,635,164 $471,284,075 — 
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 financial statements.