AC Alternatives Market Neutral Value - TF

Schedule of Investments as of 2021-06-30 (Unaudited)

Holding Interest Maturity Date Shares/Principal Market Value ($) Rate (%) Amount iShares Russell 1000 Value ETF 15,881 2,519,044 Teradyne Inc (conv) 1.25% 12/15/2023 1.25 2023-12-15 556,000 2,356,745 Lennar Corp 28,925 2,355,941 Royal Dutch Shell PLC 59,266 2,301,299 Fox Corp 63,959 2,251,357 Atlas Copco AB 40,875 2,150,775 HEICO Corp 17,308 2,149,307 Tesla Inc (conv) 2% 5/15/2024 2.00 2024-05-15 184,000 2,012,739 Microchip Technology Inc (conv) 0.13% .12 2024-11-15 1,368,000 1,545,840 11/15/2024 Linde PLC 1,996 577,044 Sysco Corp 7,037 547,127 Unilever PLC 8,565 501,052 Deere & Co 1,397 492,736 Principal Financial Group Inc 7,690 485,931 Marsh & McLennan Cos Inc 3,353 471,700 Consumer Discretionary Select Sector SPDR Fund 2,635 470,479 JPMorgan Chase & Co 2,983 463,976 Republic Services Inc 4,206 462,702 Heineken Holding NV 4,551 458,478 Johnson & Johnson 2,686 442,492 AllianceBernstein Holding LP 8,927 415,641 Pinnacle West Capital Corp 4,878 399,850 Roche Holding AG 8,350 392,366 Microsoft Corp 1,373 371,946 ONE Gas Inc 4,697 348,142 Emerson Electric Co 3,587 345,213 Hartford Financial Services Group Inc/The 5,486 339,967 TotalEnergies SE 7,461 337,685 Baker Hughes Co 14,618 334,314 Volkswagen AG 1,309 327,855 Cisco Systems Inc/Delaware 6,113 323,989 Johnson Controls International plc 4,277 293,531 Duke Energy Corp 2,889 285,202 General Motors Co 4,689 277,448 Medtronic PLC 2,142 265,886 Applied Materials Inc 1,852 263,725 Akzo Nobel NV 2,026 250,354 Conagra Brands Inc 6,573 239,126 Cerner Corp 3,028 236,668 Verizon Communications Inc 4,194 234,990 Globe Life Inc 2,443 232,696 Masco Corp 3,929 231,457 Atmos Energy Corp 2,346 225,474 Union Pacific Corp 1,025 225,428 US Bancorp 3,862 220,018 Royal Bank of Canada 2,152 218,259 AC Alternatives Market Neutral Value - TF

Holding Interest Maturity Date Shares/Principal Market Value ($) Rate (%) Amount Welltower Inc 2,467 205,008 Alexion Pharmaceuticals Inc 1,100 202,081 Walmart Inc 1,321 186,287 Xcel Energy Inc 2,821 185,847 MGM Growth Properties LLC 5,060 185,297 Koninklijke Ahold Delhaize NV 6,216 184,805 Bank of New York Mellon Corp/The 3,605 184,684 TJX Cos Inc/The 2,706 182,439 A O Smith Corp 2,457 177,051 UMB Financial Corp 1,895 176,349 Automatic Data Processing Inc 822 163,266 Equinix Inc 203 162,928 Schindler Holding AG 519 158,898 PACCAR Inc 1,673 149,315 Lockheed Martin Corp 381 144,151 Mondi PLC 5,272 138,450 Merck & Co Inc 1,692 131,587 Enterprise Products Partners LP 5,377 129,747 Dollar Tree Inc 1,277 127,062 Packaging Corp of America 926 125,399 Axalta Coating Systems Ltd 3,969 121,015 United Parcel Service Inc 563 117,087 Norfolk Southern Corp 441 117,046 Freeport-McMoRan Inc 3,139 116,488 Centene Corp 1,586 115,667 Spire Inc 1,591 114,982 CMS Energy Corp 1,935 114,320 Tapestry Inc 2,584 112,352 Universal Health Services Inc 725 106,162 Advance Auto Parts Inc 509 104,416 Galp Energia SGPS SA 9,585 104,029 Electrolux AB 3,727 103,415 Heartland Express Inc 5,900 101,067 Anritsu Corp 5,200 97,029 Visa Inc 414 96,801 Becton Dickinson and Co 377 91,683 Alfa Laval AB 1,894 66,949

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 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.