American Century Investments®
Quarterly Portfolio Holdings
Small Company Fund
September 30, 2021
Small Company - Schedule of Investments | ||
SEPTEMBER 30, 2021 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 96.4% | ||||||||
Aerospace and Defense — 0.7% | ||||||||
Axon Enterprise, Inc.(1) | 3,482 | 609,420 | ||||||
Moog, Inc., Class A | 10,375 | 790,886 | ||||||
1,400,306 | ||||||||
Auto Components — 0.7% | ||||||||
Patrick Industries, Inc. | 16,654 | 1,387,278 | ||||||
Automobiles — 0.3% | ||||||||
Winnebago Industries, Inc. | 8,076 | 585,106 | ||||||
Banks — 5.1% | ||||||||
Bancorp, Inc. (The)(1) | 23,630 | 601,383 | ||||||
Customers Bancorp, Inc.(1) | 12,710 | 546,784 | ||||||
Enterprise Financial Services Corp. | 12,612 | 571,071 | ||||||
First Citizens BancShares, Inc., Class A | 620 | 522,765 | ||||||
First Horizon Corp. | 62,957 | 1,025,570 | ||||||
Hancock Whitney Corp. | 25,460 | 1,199,675 | ||||||
Heartland Financial USA, Inc. | 21,401 | 1,028,960 | ||||||
Hilltop Holdings, Inc. | 24,622 | 804,401 | ||||||
International Bancshares Corp. | 7,751 | 322,752 | ||||||
OFG Bancorp | 21,855 | 551,183 | ||||||
Pacific Premier Bancorp, Inc. | 16,913 | 700,875 | ||||||
QCR Holdings, Inc. | 9,657 | 496,756 | ||||||
United Bankshares, Inc. | 8,047 | 292,750 | ||||||
United Community Banks, Inc. | 33,090 | 1,086,014 | ||||||
Western Alliance Bancorp | 7,843 | 853,475 | ||||||
10,604,414 | ||||||||
Beverages — 0.3% | ||||||||
Coca-Cola Consolidated, Inc. | 1,544 | 608,614 | ||||||
Biotechnology — 9.2% | ||||||||
Alkermes plc(1) | 38,171 | 1,177,194 | ||||||
Arcus Biosciences, Inc.(1) | 16,000 | 557,920 | ||||||
Beam Therapeutics, Inc.(1) | 8,000 | 696,080 | ||||||
Biohaven Pharmaceutical Holding Co. Ltd.(1) | 8,000 | 1,111,280 | ||||||
Blueprint Medicines Corp.(1) | 28,476 | 2,927,617 | ||||||
CareDx, Inc.(1) | 18,952 | 1,200,988 | ||||||
Coherus Biosciences, Inc.(1) | 69,000 | 1,108,830 | ||||||
Cytokinetics, Inc.(1) | 18,000 | 643,320 | ||||||
Dynavax Technologies Corp.(1)(2) | 53,646 | 1,030,540 | ||||||
Fate Therapeutics, Inc.(1) | 7,364 | 436,464 | ||||||
Halozyme Therapeutics, Inc.(1) | 12,906 | 525,016 | ||||||
Ironwood Pharmaceuticals, Inc.(1) | 163,814 | 2,139,411 | ||||||
MannKind Corp.(1)(2) | 100,000 | 435,000 | ||||||
Natera, Inc.(1) | 4,646 | 517,750 | ||||||
Novavax, Inc.(1) | 6,754 | 1,400,172 | ||||||
PTC Therapeutics, Inc.(1) | 13,170 | 490,056 | ||||||
Radius Health, Inc.(1) | 44,052 | 546,685 | ||||||
Rigel Pharmaceuticals, Inc.(1) | 220,263 | 799,555 | ||||||
Vanda Pharmaceuticals, Inc.(1) | 51,909 | 889,720 | ||||||
Vericel Corp.(1)(2) | 9,974 | 486,731 | ||||||
19,120,329 | ||||||||
Building Products — 1.6% | ||||||||
Apogee Enterprises, Inc. | 23,069 | 871,085 | ||||||
Builders FirstSource, Inc.(1) | 12,877 | 666,256 | ||||||
JELD-WEN Holding, Inc.(1) | 17,546 | 439,176 | ||||||
Masonite International Corp.(1) | 2,407 | 255,455 | ||||||
Quanex Building Products Corp. | 16,894 | 361,701 | ||||||
Simpson Manufacturing Co., Inc. | 6,929 | 741,195 | ||||||
3,334,868 | ||||||||
Capital Markets — 5.5% | ||||||||
Artisan Partners Asset Management, Inc., Class A | 34,756 | 1,700,264 | ||||||
B. Riley Financial, Inc. | 13,590 | 802,354 | ||||||
Cohen & Steers, Inc. | 8,320 | 696,966 | ||||||
Evercore, Inc., Class A | 11,396 | 1,523,303 | ||||||
Federated Hermes, Inc. | 38,201 | 1,241,532 | ||||||
Lazard Ltd., Class A | 15,751 | 721,396 | ||||||
Moelis & Co., Class A | 24,314 | 1,504,307 | ||||||
Piper Sandler Cos. | 10,593 | 1,466,707 | ||||||
PJT Partners, Inc., Class A | 23,915 | 1,891,916 | ||||||
11,548,745 | ||||||||
Chemicals — 0.5% | ||||||||
Minerals Technologies, Inc. | 8,709 | 608,237 | ||||||
Orion Engineered Carbons SA(1) | 24,511 | 446,835 | ||||||
1,055,072 | ||||||||
Commercial Services and Supplies — 3.2% | ||||||||
ABM Industries, Inc. | 17,591 | 791,771 | ||||||
Casella Waste Systems, Inc., Class A(1) | 10,858 | 824,557 | ||||||
Cimpress plc(1) | 10,387 | 901,903 | ||||||
Deluxe Corp. | 11,795 | 423,323 | ||||||
Healthcare Services Group, Inc. | 64,060 | 1,600,859 | ||||||
Herman Miller, Inc. | 21,676 | 816,318 | ||||||
HNI Corp. | 26,217 | 962,688 | ||||||
Interface, Inc. | 26,084 | 395,173 | ||||||
6,716,592 | ||||||||
Communications Equipment — 1.2% | ||||||||
Calix, Inc.(1) | 13,695 | 676,944 | ||||||
Extreme Networks, Inc.(1) | 90,835 | 894,725 | ||||||
Lumentum Holdings, Inc.(1) | 6,166 | 515,107 | ||||||
Plantronics, Inc.(1) | 21,142 | 543,561 | ||||||
2,630,337 | ||||||||
Construction and Engineering — 1.4% | ||||||||
Comfort Systems USA, Inc. | 10,970 | 782,380 | ||||||
EMCOR Group, Inc. | 4,129 | 476,404 | ||||||
Granite Construction, Inc. | 13,624 | 538,829 | ||||||
MYR Group, Inc.(1) | 5,317 | 529,042 | ||||||
Primoris Services Corp. | 23,956 | 586,683 | ||||||
2,913,338 | ||||||||
Construction Materials — 0.5% | ||||||||
Summit Materials, Inc., Class A(1) | 30,745 | 982,918 | ||||||
Consumer Finance — 1.7% | ||||||||
Green Dot Corp., Class A(1) | 10,973 | 552,271 | ||||||
LendingTree, Inc.(1) | 2,598 | 363,278 | ||||||
OneMain Holdings, Inc. | 18,853 | 1,043,137 | ||||||
PROG Holdings, Inc. | 37,868 | 1,590,835 | ||||||
3,549,521 | ||||||||
Diversified Telecommunication Services — 0.4% | ||||||||
Cogent Communications Holdings, Inc. | 10,669 | 755,792 | ||||||
Electrical Equipment — 1.6% | ||||||||
Acuity Brands, Inc. | 8,679 | 1,504,678 | ||||||
Atkore, Inc.(1) | 8,234 | 715,700 | ||||||
GrafTech International Ltd. | 107,069 | 1,104,952 | ||||||
3,325,330 | ||||||||
Electronic Equipment, Instruments and Components — 1.1% | ||||||||
OSI Systems, Inc.(1) | 6,303 | 597,524 | ||||||
Sanmina Corp.(1) | 7,931 | 305,661 | ||||||
ScanSource, Inc.(1) | 22,902 | 796,761 | ||||||
SYNNEX Corp. | 5,734 | 596,909 | ||||||
2,296,855 | ||||||||
Energy Equipment and Services — 1.4% | ||||||||
Archrock, Inc. | 62,161 | 512,828 | ||||||
Cactus, Inc., Class A | 14,496 | 546,789 | ||||||
ChampionX Corp.(1) | 47,055 | 1,052,150 | ||||||
ProPetro Holding Corp.(1) | 86,601 | 749,099 | ||||||
2,860,866 | ||||||||
Entertainment — 0.9% | ||||||||
AMC Entertainment Holdings, Inc., Class A(1)(2) | 13,154 | 500,641 | ||||||
World Wrestling Entertainment, Inc., Class A | 26,637 | 1,498,598 | ||||||
1,999,239 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 1.5% | ||||||||
Alexander & Baldwin, Inc. | 25,277 | 592,493 | ||||||
CareTrust REIT, Inc. | 27,977 | 568,493 | ||||||
Equity Lifestyle Properties, Inc. | 3,922 | 306,308 | ||||||
PotlatchDeltic Corp. | 25,539 | 1,317,301 | ||||||
Retail Opportunity Investments Corp. | 22,261 | 387,787 | ||||||
3,172,382 | ||||||||
Food and Staples Retailing — 0.8% | ||||||||
Ingles Markets, Inc., Class A | 16,285 | 1,075,299 | ||||||
Sprouts Farmers Market, Inc.(1) | 26,243 | 608,050 | ||||||
1,683,349 | ||||||||
Health Care Equipment and Supplies — 3.6% | ||||||||
AtriCure, Inc.(1) | 9,034 | 628,315 | ||||||
Cardiovascular Systems, Inc.(1) | 6,332 | 207,880 | ||||||
Cerus Corp.(1) | 114,060 | 694,625 | ||||||
Insulet Corp.(1) | 1,999 | 568,176 | ||||||
iRhythm Technologies, Inc.(1) | 1,882 | 110,210 | ||||||
Nevro Corp.(1) | 3,616 | 420,830 | ||||||
Novocure Ltd.(1) | 4,159 | 483,151 | ||||||
STAAR Surgical Co.(1) | 8,489 | 1,091,091 | ||||||
STERIS plc | 2,190 | 447,373 | ||||||
Tandem Diabetes Care, Inc.(1) | 23,318 | 2,783,703 | ||||||
7,435,354 | ||||||||
Health Care Providers and Services — 5.1% | ||||||||
Amedisys, Inc.(1) | 2,982 | 444,616 | ||||||
AMN Healthcare Services, Inc.(1) | 13,309 | 1,527,208 | ||||||
Fulgent Genetics, Inc.(1) | 11,000 | 989,450 | ||||||
LHC Group, Inc.(1) | 8,463 | 1,327,929 | ||||||
ModivCare, Inc.(1) | 6,908 | 1,254,631 | ||||||
Option Care Health, Inc.(1) | 49,907 | 1,210,744 | ||||||
Progyny, Inc.(1) | 9,861 | 552,216 | ||||||
R1 RCM, Inc.(1) | 25,579 | 562,994 |
Tenet Healthcare Corp.(1) | 28,892 | 1,919,585 | ||||||
Tivity Health, Inc.(1) | 34,287 | 790,658 | ||||||
10,580,031 | ||||||||
Health Care Technology — 0.7% | ||||||||
Vocera Communications, Inc.(1) | 30,876 | 1,412,886 | ||||||
Hotels, Restaurants and Leisure — 2.4% | ||||||||
Bloomin' Brands, Inc.(1) | 15,421 | 385,525 | ||||||
Brinker International, Inc.(1) | 11,329 | 555,688 | ||||||
International Game Technology plc(1) | 18,406 | 484,446 | ||||||
Jack in the Box, Inc. | 5,137 | 499,984 | ||||||
Papa John's International, Inc. | 4,019 | 510,373 | ||||||
Red Rock Resorts, Inc., Class A(1) | 11,491 | 588,569 | ||||||
Scientific Games Corp., Class A(1) | 10,090 | 838,176 | ||||||
Wingstop, Inc. | 6,654 | 1,090,790 | ||||||
4,953,551 | ||||||||
Household Durables — 1.4% | ||||||||
Century Communities, Inc. | 7,743 | 475,807 | ||||||
Installed Building Products, Inc. | 5,563 | 596,075 | ||||||
KB Home | 5,776 | 224,802 | ||||||
Taylor Morrison Home Corp.(1) | 24,275 | 625,810 | ||||||
Tri Pointe Homes, Inc.(1) | 51,948 | 1,091,947 | ||||||
3,014,441 | ||||||||
Household Products — 0.3% | ||||||||
Central Garden & Pet Co., Class A(1) | 13,424 | 577,232 | ||||||
Independent Power and Renewable Electricity Producers — 0.2% | ||||||||
Clearway Energy, Inc., Class C | 13,538 | 409,795 | ||||||
Insurance — 0.2% | ||||||||
Trupanion, Inc.(1) | 6,771 | 525,904 | ||||||
Interactive Media and Services — 1.4% | ||||||||
Cargurus, Inc.(1) | 67,644 | 2,124,698 | ||||||
Yelp, Inc.(1) | 20,527 | 764,425 | ||||||
2,889,123 | ||||||||
Internet and Direct Marketing Retail — 1.0% | ||||||||
Liquidity Services, Inc.(1) | 36,240 | 783,146 | ||||||
Shutterstock, Inc. | 10,781 | 1,221,703 | ||||||
2,004,849 | ||||||||
IT Services — 0.8% | ||||||||
CSG Systems International, Inc. | 13,690 | 659,858 | ||||||
MAXIMUS, Inc. | 12,429 | 1,034,093 | ||||||
1,693,951 | ||||||||
Leisure Products — 0.7% | ||||||||
Malibu Boats, Inc., Class A(1) | 3,618 | 253,188 | ||||||
Polaris, Inc. | 10,972 | 1,312,909 | ||||||
1,566,097 | ||||||||
Life Sciences Tools and Services — 1.2% | ||||||||
Medpace Holdings, Inc.(1) | 6,575 | 1,244,516 | ||||||
Pacific Biosciences of California, Inc.(1) | 46,761 | 1,194,744 | ||||||
2,439,260 | ||||||||
Machinery — 2.2% | ||||||||
EnPro Industries, Inc. | 8,100 | 705,672 | ||||||
Hillenbrand, Inc. | 48,118 | 2,052,233 |
Mueller Industries, Inc. | 36,621 | 1,505,123 | ||||||
Tennant Co. | 5,867 | 433,864 | ||||||
4,696,892 | ||||||||
Metals and Mining — 2.0% | ||||||||
Commercial Metals Co. | 62,650 | 1,908,319 | ||||||
Kaiser Aluminum Corp. | 5,907 | 643,627 | ||||||
Materion Corp. | 10,503 | 720,926 | ||||||
TimkenSteel Corp.(1) | 67,720 | 885,777 | ||||||
4,158,649 | ||||||||
Oil, Gas and Consumable Fuels — 2.6% | ||||||||
DHT Holdings, Inc. | 77,825 | 508,197 | ||||||
Ovintiv, Inc. | 83,288 | 2,738,509 | ||||||
PDC Energy, Inc. | 19,598 | 928,749 | ||||||
Renewable Energy Group, Inc.(1) | 10,290 | 516,558 | ||||||
Targa Resources Corp. | 14,279 | 702,670 | ||||||
5,394,683 | ||||||||
Personal Products — 0.3% | ||||||||
Medifast, Inc. | 1,878 | 361,778 | ||||||
USANA Health Sciences, Inc.(1) | 2,918 | 269,039 | ||||||
630,817 | ||||||||
Pharmaceuticals — 1.0% | ||||||||
Amphastar Pharmaceuticals, Inc.(1) | 45,133 | 857,978 | ||||||
Antares Pharma, Inc.(1) | 105,000 | 382,200 | ||||||
Collegium Pharmaceutical, Inc.(1) | 15,327 | 302,555 | ||||||
Corcept Therapeutics, Inc.(1) | 30,382 | 597,918 | ||||||
2,140,651 | ||||||||
Professional Services — 3.2% | ||||||||
ASGN, Inc.(1) | 19,079 | 2,158,598 | ||||||
Insperity, Inc. | 11,449 | 1,267,862 | ||||||
Kforce, Inc. | 9,217 | 549,702 | ||||||
TriNet Group, Inc.(1) | 23,202 | 2,194,445 | ||||||
TrueBlue, Inc.(1) | 20,423 | 553,055 | ||||||
6,723,662 | ||||||||
Real Estate Management and Development — 2.3% | ||||||||
Cushman & Wakefield plc(1) | 72,450 | 1,348,295 | ||||||
eXp World Holdings, Inc.(2) | 29,807 | 1,185,424 | ||||||
Newmark Group, Inc., Class A | 80,860 | 1,157,107 | ||||||
Realogy Holdings Corp.(1) | 42,804 | 750,782 | ||||||
Redfin Corp.(1)(2) | 8,744 | 438,074 | ||||||
4,879,682 | ||||||||
Semiconductors and Semiconductor Equipment — 3.9% | ||||||||
Ambarella, Inc.(1) | 5,421 | 844,266 | ||||||
Axcelis Technologies, Inc.(1) | 6,731 | 316,559 | ||||||
Diodes, Inc.(1) | 9,846 | 891,949 | ||||||
Enphase Energy, Inc.(1) | 3,427 | 513,947 | ||||||
FormFactor, Inc.(1) | 30,720 | 1,146,778 | ||||||
Kulicke & Soffa Industries, Inc. | 17,694 | 1,031,206 | ||||||
MaxLinear, Inc.(1) | 15,216 | 749,388 | ||||||
Silicon Laboratories, Inc.(1) | 12,281 | 1,721,305 | ||||||
Ultra Clean Holdings, Inc.(1) | 10,380 | 442,188 | ||||||
Veeco Instruments, Inc.(1) | 21,742 | 482,890 | ||||||
8,140,476 | ||||||||
Software — 8.2% | ||||||||
Agilysys, Inc.(1) | 8,467 | 443,332 | ||||||
Appfolio, Inc., Class A(1) | 2,314 | 278,606 |
Box, Inc., Class A(1) | 83,112 | 1,967,261 | ||||||
ChannelAdvisor Corp.(1) | 11,457 | 289,060 | ||||||
CommVault Systems, Inc.(1) | 17,544 | 1,321,239 | ||||||
Digital Turbine, Inc.(1) | 14,062 | 966,763 | ||||||
Domo, Inc., Class B(1) | 14,377 | 1,213,994 | ||||||
HubSpot, Inc.(1) | 1,583 | 1,070,251 | ||||||
j2 Global, Inc.(1) | 5,799 | 792,259 | ||||||
Mimecast Ltd.(1) | 21,529 | 1,369,244 | ||||||
Mitek Systems, Inc.(1) | 29,241 | 540,959 | ||||||
Model N, Inc.(1) | 23,924 | 801,454 | ||||||
Progress Software Corp. | 16,918 | 832,196 | ||||||
Qualys, Inc.(1) | 6,079 | 676,532 | ||||||
Rapid7, Inc.(1) | 6,886 | 778,256 | ||||||
SPS Commerce, Inc.(1) | 7,653 | 1,234,505 | ||||||
Workiva, Inc.(1) | 11,394 | 1,606,098 | ||||||
Zendesk, Inc.(1) | 6,121 | 712,423 | ||||||
Zuora, Inc., Class A(1) | 18,771 | 311,223 | ||||||
17,205,655 | ||||||||
Specialty Retail — 3.9% | ||||||||
American Eagle Outfitters, Inc. | 20,494 | 528,745 | ||||||
Camping World Holdings, Inc., Class A | 22,163 | 861,476 | ||||||
Group 1 Automotive, Inc. | 3,220 | 604,974 | ||||||
Guess?, Inc. | 22,759 | 478,167 | ||||||
MarineMax, Inc.(1) | 18,639 | 904,364 | ||||||
National Vision Holdings, Inc.(1) | 7,373 | 418,565 | ||||||
Rent-A-Center, Inc. | 11,317 | 636,128 | ||||||
RH(1) | 2,545 | 1,697,286 | ||||||
Sally Beauty Holdings, Inc.(1) | 10,864 | 183,058 | ||||||
Signet Jewelers Ltd. | 11,782 | 930,307 | ||||||
Zumiez, Inc.(1) | 20,468 | 813,808 | ||||||
8,056,878 | ||||||||
Technology Hardware, Storage and Peripherals — 0.6% | ||||||||
Diebold Nixdorf, Inc.(1) | 56,952 | 575,785 | ||||||
Pure Storage, Inc., Class A(1) | 25,237 | 634,963 | ||||||
1,210,748 | ||||||||
Textiles, Apparel and Luxury Goods — 1.6% | ||||||||
Carter's, Inc. | 4,216 | 409,964 | ||||||
Crocs, Inc.(1) | 9,342 | 1,340,390 | ||||||
Deckers Outdoor Corp.(1) | 2,605 | 938,321 | ||||||
G-III Apparel Group Ltd.(1) | 14,197 | 401,775 | ||||||
Steven Madden Ltd. | 6,534 | 262,406 | ||||||
3,352,856 | ||||||||
Thrifts and Mortgage Finance — 3.4% | ||||||||
Essent Group Ltd. | 47,513 | 2,091,047 | ||||||
MGIC Investment Corp. | 90,175 | 1,349,018 | ||||||
Mr. Cooper Group, Inc.(1) | 18,884 | 777,454 | ||||||
NMI Holdings, Inc., Class A(1) | 41,409 | 936,258 | ||||||
Radian Group, Inc. | 65,927 | 1,497,861 | ||||||
Walker & Dunlop, Inc. | 4,062 | 461,037 | ||||||
7,112,675 | ||||||||
Trading Companies and Distributors — 2.6% | ||||||||
Boise Cascade Co. | 15,878 | 857,094 | ||||||
GMS, Inc.(1) | 21,750 | 952,650 | ||||||
H&E Equipment Services, Inc. | 22,315 | 774,554 | ||||||
Herc Holdings, Inc.(1) | 6,686 | 1,092,894 |
NOW, Inc.(1) | 42,947 | 328,544 | ||||||
WESCO International, Inc.(1) | 11,731 | 1,352,819 | ||||||
5,358,555 | ||||||||
TOTAL COMMON STOCKS (Cost $168,135,665) | 201,096,604 | |||||||
TEMPORARY CASH INVESTMENTS — 3.4% | ||||||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.125%, 5/15/23, valued at $1,319,047), in a joint trading account at 0.02%, dated 9/30/21, due 10/1/21 (Delivery value $1,292,771) | 1,292,770 | |||||||
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.375%, 11/15/48, valued at $4,396,320), at 0.01%, dated 9/30/21, due 10/1/21 (Delivery value $4,310,001) | 4,310,000 | |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 1,503,650 | 1,503,650 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $7,106,420) | 7,106,420 | |||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3) — 0.7% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $1,388,412) | 1,388,412 | 1,388,412 | ||||||
TOTAL INVESTMENT SECURITIES — 100.5% (Cost $176,630,497) | 209,591,436 | |||||||
OTHER ASSETS AND LIABILITIES — (0.5)% | (963,878) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 208,627,558 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
Russell 2000 E-Mini Index | 57 | December 2021 | $ | 6,272,280 | $ | (79,188) |
^Amount represents value and unrealized appreciation (depreciation).
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 $3,067,446. 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 $3,183,130, which includes securities collateral of $1,794,718.
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.
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 Stocks | 201,096,604 | — | — | ||||||||
Temporary Cash Investments | 1,503,650 | 5,602,770 | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 1,388,412 | — | — | ||||||||
203,988,666 | 5,602,770 | — | |||||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | 79,188 | — | — |
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.