Fund Evaluator:

American Century Small Company C Overview

American Century Small Company C (ASQCX) is an actively managed U.S. Equity Small Blend fund. American Century Investments launched the fund in 2010.

The investment seeks long-term capital growth by investing primarily in common stocks of small companies. Under normal market conditions, the fund will invest at least 80% of its net assets in stocks of smaller-capitalization U.S. companies. The portfolio managers consider small companies to be those that, at the time of investment, have a market capitalization not greater than that of the largest company in the Russell 2000® Index. The fund may invest in equity securities issued by real estate investment trusts (REITs).

About American Century Small Company C (ASQCX)

There are 3 members of the management team with an average tenure of 2.51 years: Yulin Long (2023), Stephen Quance (2023), Mattia Bacciardi (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 TR USD index with a weighting of 100%. American Century Small Company C has 308 securities in its portfolio. The top 10 holdings constitute 12.6% 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 Small Company C is part of the Equity global asset class and is within the U.S. Equity fund group. American Century Small Company C has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.7%. There is 1.7% 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 Small Company C has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $115 million in total assets, which is below the $685 million average for the Small Blend 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.

ASQCX 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 Small Company C expense ratio is high compared to funds in the Small Blend category. American Century Small Company C has an expense ratio of 1.85%, which is 77% 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 Small Company C has a portfolio turnover rate of 82%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.

Recently, in the month of July 2026, American Century Small Company C returned -4.4%, which earned it a grade of F, as the Small Blend category had an average return of -2.8%. 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 Small Company C has a trailing yield of 0.00%, which is below the 0.42% category average. The fund normally distributes its income quarterly and its capital gains annually.

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 Small Company C Grades

Year to date, the fund has returned 19.9%, 1.8 percentage points better than the category, which translates into a grade of B. The fund has returned 32.1% over the past year (grade of B), 13.3% over the past three years (grade of C) and 6.0% per year over the past five years (grade of D) and 8.1% per year over the past 10 years (grade of F).

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