American Century Investments Small Cap Value Fund’s Q4 2025 Investor Letter

American Century Investments, an investment management company, released its fourth-quarter 2025 investor letter for the “American Century Investments Small Cap Value Fund.” U.S. stocks advanced during the quarter, with large-cap stocks slightly outperforming small-cap stocks, while both groups did better than mid-cap stocks. Across all market capitalization categories, value-style stocks surpassed growth-style stocks. The economy grew at an annualized rate of 4.3% in the third quarter, compared to 3.8% in the previous quarter, and corporate earnings also showed improvement. Although inflation eased, unemployment rose to 4.6% in November. The Fund recorded a return of -1.06% (Investor) for the quarter, while the Russell 2000 Value Index returned 3.26%. This underperformance of the Fund can be attributed to both allocation choices and stock selection. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.

A copy of American Century Investments Small Cap Value Fund’s Q4 2025 investor letter is available to download here.