Fund Evaluator:

American Century International Opps Inv Overview

American Century International Opps Inv (AIOIX) is an actively managed International Equity Foreign Small/Mid Growth fund. American Century Investments launched the fund in 2001.

The investment seeks capital growth. The fund invests primarily in equity securities of companies that are small-sized at the time of purchase and are located in foreign developed countries or emerging market countries. Under normal market conditions, the fund's portfolio managers seek securities of companies whose earnings, revenues or key business fundamentals are not only growing, but growing at an accelerating pace.

About American Century International Opps Inv (AIOIX)

There are 3 members of the management team with an average tenure of 13.66 years: Trevor Gurwich (2005), Federico Laffan (2014), Pratik Patel (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI ACWI Ex USA Small Growth NR USD index with a weighting of 100%. American Century International Opps Inv has 123 securities in its portfolio. The top 10 holdings constitute 16.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Century International Opps Inv is part of the Equity global asset class and is within the International Equity fund group. American Century International Opps Inv has 97.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.9%. There is 97.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Century International Opps Inv has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $408 million in total assets, which is above the $327 million average for the Foreign Small/Mid Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AIOIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Century International Opps Inv expense ratio is high compared to funds in the Foreign Small/Mid Growth category. American Century International Opps Inv has an expense ratio of 1.46%, which is 19% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Century International Opps Inv has a portfolio turnover rate of 119%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Foreign Small/Mid Growth category.

Recently, in the month of June 2026, American Century International Opps Inv returned -3.6%, which earned it a grade of D, as the Foreign Small/Mid Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Century International Opps Inv has a trailing yield of 0.24%, which is below the 1.42% category average.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Century International Opps Inv Grades

Year to date, the fund has returned 12.6%, 3.7 percentage points better than the category, which translates into a grade of A. The fund has returned 22.1% over the past year (grade of A), 14.0% over the past three years (grade of B) and 2.4% per year over the past five years (grade of B) and 8.2% per year over the past 10 years (grade of B).

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