# EDGAR Filing Document

**Accession Number:** 0000924211
**File Stem:** 0000924211-25-000009
**Filing Date:** 2025-9
**Character Count:** 538231
**Document Hash:** e0d63a648fd984eaf5a62108f52b6c85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000924211-25-000009.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000924211-25-000009

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 43

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**EFFECTIVENESS DATE**: 20250926

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS INC
- **CENTRAL INDEX KEY:** 0000924211

**ORGANIZATION NAME:**
- **EIN:** 431677617
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08532
- **FILM NUMBER:** 251348711

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TWENTIETH CENTURY STRATEGIC PORTFOLIOS INC /MO/
- **DATE OF NAME CHANGE:** 19951130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TWENTIETH CENTURY INSTITUTIONAL PORTFILIOS INC
- **DATE OF NAME CHANGE:** 19940531

## Series and Classes Contracts Data

### STRATEGIC ALLOCATION: AGGRESSIVE FUND (Series ID: S000005931)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000016318 | R CLASS        | AAARX           |
| C000016319 | INVESTOR CLASS | TWSAX           |
| C000016320 | A CLASS        | ACVAX           |
| C000016321 | I CLASS        | AAAIX           |
| C000016324 | C CLASS        | ASTAX           |
| C000131619 | R6 CLASS       | AAAUX           |
| C000189654 | R5 CLASS       | ASAUX           |

### STRATEGIC ALLOCATION: MODERATE FUND (Series ID: S000005932)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000016325 | INVESTOR CLASS | TWSMX           |
| C000016326 | A CLASS        | ACOAX           |
| C000016327 | I CLASS        | ASAMX           |
| C000016330 | C CLASS        | ASTCX           |
| C000016331 | R CLASS        | ASMRX           |
| C000131620 | R6 CLASS       | ASMDX           |
| C000189655 | R5 CLASS       | ASMUX           |

### STRATEGIC ALLOCATION: CONSERVATIVE FUND (Series ID: S000005933)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000016332 | R CLASS        | AACRX           |
| C000016333 | INVESTOR CLASS | TWSCX           |
| C000016334 | A CLASS        | ACCAX           |
| C000016335 | I CLASS        | ACCIX           |
| C000016338 | C CLASS        | AACCX           |
| C000131621 | R6 CLASS       | AACDX           |
| C000189656 | R5 CLASS       | AACGX           |

?xml version='1.0' encoding='ASCII'? ck0000924211-20250731

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investment Company Act file number | Investment Company Act file number | **811-08532** | **811-08532** | **811-08532** |
| **AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.** | **AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.** | **AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.** | **AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.** | **AMERICAN CENTURY STRATEGIC ASSET ALLOCATIONS, INC.** |
| (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) |
| **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **64111** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |
| **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** |
| (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) |
| Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | **816-531-5575** | **816-531-5575** |
| Date of fiscal year end: | **07-31** | **07-31** | **07-31** | **07-31** |
| Date of reporting period: | **07-31-2025** | **07-31-2025** | **07-31-2025** | **07-31-2025** |

---

------

**ITEM 1. REPORTS TO STOCKHOLDERS.**

(a) Provided under separate cover.

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **Investor Class (TWSCX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021. **This report describes changes to the fund that occurred during the reporting period.**

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Investor Class | $75 | 0.72% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund Investor Class returned 7.85% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund Investor Class returned 7.85% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g2.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **Investor Class** | 7.85% | 5.63% | 5.47% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

---

| |
|:---|
| **Fund Changes** |
| Beginning October 2024, the total eligible investments required to qualify for a waiver of the annual account maintenance fee changed from $10,000 to $25,000. Such fee will also be waived for any accounts for which the shareholder has elected to receive electronic delivery of all fund/account documents. |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085101

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **I Class (ACCIX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| I Class | $54 | 0.52% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund I Class returned 8.25% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund I Class returned 8.25% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g4.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **I Class** | 8.25% | 5.87% | 5.70% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085879

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **A Class (ACCAX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| A Class | $101 | 0.97% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund A Class returned 7.77% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund A Class returned 7.77% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |
| *The initial investment is adjusted to reflect the maximum initial sales charge.* |

---

![10](ck0000924211-20250731_g5.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **A Class** | 7.77% | 5.37% | 5.22% |
| **A Class - with sales charge** | 1.57% | 4.13% | 4.60% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

---

| |
|:---|
| A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum contingent deferred sales charge of 1.00%. |
| The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index. |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085309

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **C Class (AACCX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| C Class | $178 | 1.72% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund C Class returned 6.76% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund C Class returned 6.76% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g6.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **C Class** | 6.76% | 4.58% | 4.43% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

---

| |
|:---|
| C Class shares will automatically convert to A Class shares after being held for approximately eight years. C Class average annual returns do not reflect this conversion. |
| The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index. |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085739

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R Class (AACRX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R Class | $126 | 1.22% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund R Class returned 7.34% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund R Class returned 7.34% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g7.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R Class** | 7.34% | 5.13% | 4.96% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085721

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R5 Class (AACGX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R5 Class | $54 | 0.52% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund R5 Class returned 8.05% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund R5 Class returned 8.05% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through July 31, 2025* |

---

![10](ck0000924211-20250731_g8.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **R5 Class** | 8.05% | 5.83% | 6.13% | 4/10/17 |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 10.74% |  |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.56% |  |
| **Russell 3000** | 15.68% | 15.19% | 13.90% |  |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085523

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Conservative Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R6 Class (AACDX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Conservative Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R6 Class | $39 | 0.37% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Conservative Fund R6 Class returned 8.41% for the reporting period ended July 31, 2025. | Strategic Allocation: Conservative Fund R6 Class returned 8.41% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Many European countries also committed to greater fiscal spending to boost their defense sector and other industries affected by U.S. trade policy. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g9.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R6 Class** | 8.41% | 6.00% | 5.86% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $276837583 |
| Management Fees (dollars paid during the reporting period) | $1749172 |
| Portfolio Turnover Rate | 95% |
| Total Number of Portfolio Holdings | 865 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 35.9% |
| Common Stocks | 20.0% |
| U.S. Treasury Securities | 15.2% |
| U.S. Government Agency Mortgage-Backed Securities | 8.1% |
| Corporate Bonds | 4.9% |
| Sovereign Governments and Agencies | 4.3% |
| Collateralized Mortgage Obligations | 3.7% |
| Commercial Mortgage-Backed Securities | 0.9% |
| Collateralized Loan Obligations | 0.9% |
| Asset-Backed Securities | 0.6% |
| Municipal Securities | 0.4% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 8.6% |
| Other Assets and Liabilities | (3.9)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085648

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **Investor Class (TWSMX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021. **This report describes changes to the fund that occurred during the reporting period.**

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Investor Class | $73 | 0.69% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund Investor Class returned 10.20% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund Investor Class returned 10.20% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g10.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **Investor Class** | 10.20% | 7.83% | 7.09% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

---

| |
|:---|
| **Fund Changes** |
| Beginning October 2024, the total eligible investments required to qualify for a waiver of the annual account maintenance fee changed from $10,000 to $25,000. Such fee will also be waived for any accounts for which the shareholder has elected to receive electronic delivery of all fund/account documents. |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085408

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **I Class (ASAMX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| I Class | $52 | 0.49% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund I Class returned 10.42% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund I Class returned 10.42% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g11.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **I Class** | 10.42% | 8.08% | 7.32% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085861

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **A Class (ACOAX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| A Class | $99 | 0.94% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund A Class returned 9.98% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund A Class returned 9.98% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |
| *The initial investment is adjusted to reflect the maximum initial sales charge.* |

---

![10](ck0000924211-20250731_g12.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **A Class** | 9.98% | 7.59% | 6.83% |
| **A Class - with sales charge** | 3.65% | 6.32% | 6.20% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

---

| |
|:---|
| A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum contingent deferred sales charge of 1.00%. |
| The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index. |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085606

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **C Class (ASTCX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| C Class | $177 | 1.69% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund C Class returned 9.15% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund C Class returned 9.15% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g13.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **C Class** | 9.15% | 6.81% | 6.04% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

---

| |
|:---|
| C Class shares will automatically convert to A Class shares after being held for approximately eight years. C Class average annual returns do not reflect this conversion. |
| The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index. |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085846

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R Class (ASMRX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R Class | $125 | 1.19% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund R Class returned 9.70% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund R Class returned 9.70% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g14.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R Class** | 9.70% | 7.32% | 6.55% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085820

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R5 Class (ASMUX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R5 Class | $52 | 0.49% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund R5 Class returned 10.57% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund R5 Class returned 10.57% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through July 31, 2025* |

---

![10](ck0000924211-20250731_g15.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **R5 Class** | 10.57% | 8.10% | 7.99% | 4/10/17 |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 10.74% |  |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.56% |  |
| **Russell 3000** | 15.68% | 15.19% | 13.90% |  |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085515

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Moderate Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R6 Class (ASMDX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Moderate Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R6 Class | $36 | 0.34% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Moderate Fund R6 Class returned 10.61% for the reporting period ended July 31, 2025. | Strategic Allocation: Moderate Fund R6 Class returned 10.61% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Non-U.S. fixed-income holdings produced positive results and outperformed U.S. bonds. Bond prices generally rose and yields fell as manufacturing activity in several developed economies continued to deteriorate, while the European Central Bank and Bank of England cut interest rates repeatedly. Emerging markets bonds did well amid stronger relative growth and a weaker U.S. dollar. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g16.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R6 Class** | 10.61% | 8.23% | 7.46% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $739807859 |
| Management Fees (dollars paid during the reporting period) | $4396814 |
| Portfolio Turnover Rate | 75% |
| Total Number of Portfolio Holdings | 876 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 45.7% |
| Common Stocks | 27.5% |
| U.S. Treasury Securities | 8.7% |
| U.S. Government Agency Mortgage-Backed Securities | 5.1% |
| Corporate Bonds | 2.6% |
| Sovereign Governments and Agencies | 2.6% |
| Collateralized Mortgage Obligations | 2.4% |
| Collateralized Loan Obligations | 0.7% |
| Commercial Mortgage-Backed Securities | 0.6% |
| Asset-Backed Securities | 0.3% |
| Preferred Securities | 0.2% |
| Exchange-Traded Funds | 0.2% |
| Municipal Securities | 0.1% |
| Short-Term Investments | 6.8% |
| Other Assets and Liabilities | (3.5)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085630

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **Investor Class (TWSAX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021. **This report describes changes to the fund that occurred during the reporting period.**

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Investor Class | $66 | 0.62% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund Investor Class returned 12.26% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund Investor Class returned 12.26% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![2199023255567](ck0000924211-20250731_g17.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **Investor Class** | 12.26% | 9.87% | 8.48% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

---

| |
|:---|
| **Fund Changes** |
| Beginning October 2024, the total eligible investments required to qualify for a waiver of the annual account maintenance fee changed from $10,000 to $25,000. Such fee will also be waived for any accounts for which the shareholder has elected to receive electronic delivery of all fund/account documents. |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085705

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **I Class (AAAIX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| I Class | $45 | 0.42% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund I Class returned 12.51% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund I Class returned 12.51% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g18.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **I Class** | 12.51% | 10.08% | 8.69% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085853

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **A Class (ACVAX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| A Class | $92 | 0.87% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund A Class returned 11.95% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund A Class returned 11.95% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |
| *The initial investment is adjusted to reflect the maximum initial sales charge.* |

---

![10](ck0000924211-20250731_g19.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **A Class** | 11.95% | 9.58% | 8.20% |
| **A Class - with sales charge** | 5.52% | 8.29% | 7.56% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

---

| |
|:---|
| A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum contingent deferred sales charge of 1.00%. |
| The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index. |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085887

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **C Class (ASTAX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| C Class | $171 | 1.62% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund C Class returned 11.20% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund C Class returned 11.20% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g20.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **C Class** | 11.20% | 8.77% | 7.40% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

---

| |
|:---|
| C Class shares will automatically convert to A Class shares after being held for approximately eight years. C Class average annual returns do not reflect this conversion. |
| The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index. |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085838

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R Class (AAARX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R Class | $119 | 1.12% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund R Class returned 11.69% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund R Class returned 11.69% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g21.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R Class** | 11.69% | 9.32% | 7.93% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085713

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R5 Class (ASAUX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R5 Class | $45 | 0.42% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund R5 Class returned 12.49% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund R5 Class returned 12.49% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through July 31, 2025* |

---

![10](ck0000924211-20250731_g22.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **R5 Class** | 12.49% | 10.08% | 9.58% | 4/10/17 |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 10.74% |  |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.56% |  |
| **Russell 3000** | 15.68% | 15.19% | 13.90% |  |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085499

------

**ANNUAL SHAREHOLDER REPORT**

Strategic Allocation: Aggressive Fund ![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

---

| | |
|:---|:---|
| **R6 Class (AAAUX)**  | **July 31, 2025** |

---

This annual shareholder report contains important information about Strategic Allocation: Aggressive Fund for the period of August 1, 2024 to July 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R6 Class | $29 | 0.27% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Strategic Allocation: Aggressive Fund R6 Class returned 12.60% for the reporting period ended July 31, 2025. | Strategic Allocation: Aggressive Fund R6 Class returned 12.60% for the reporting period ended July 31, 2025. |
| The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. | The fund is an asset allocation fund. That is, it diversifies its assets among various classes of investments such as equity securities, bonds and money market instruments. The fund seeks the highest level of total return consistent with its asset mix. See the Fund Holdings for the portfolio's asset weights. Below, we discuss the factors that affected these asset classes. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | U.S. equity holdings performed very well overall despite volatility caused by doubts about the durability of corporate spending on artificial intelligence (AI) and by President Donald Trump's Liberation Day tariff announcements. But a postponement of tariffs and resumption of the large-cap-oriented AI-stock trade meant large U.S. stocks ended the period near a record high. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Uncertainty around the outlook for economic growth, global trade and corporate earnings influenced stock performance. Growth stocks, which tend to enjoy more durable earnings trends, outperformed value stocks. Large-cap companies with more global economic exposure and more options for maintaining profitability tended to do better than more domestically focused mid- and small-cap stocks. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's non-U.S. equity holdings also performed well. They benefited from attractive relative valuations, a weaker U.S. dollar and central bank rate cuts in the eurozone and the U.K. Emerging markets stocks outperformed developed markets thanks to stronger relative economic growth and the weaker dollar. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's domestic fixed-income holdings produced positive returns. The Federal Reserve cut rates in 2024, even as inflation remained stubbornly above its 2% target and economic growth was stronger than expected. Short-term yields fell, while longer-term bond yields rose. In that environment, shorter-term and inflation-linked securities performed well. Corporate securities also advanced. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 31, 2015 through July 31, 2025* |

---

![10](ck0000924211-20250731_g23.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R6 Class** | 12.60% | 10.24% | 8.86% |
| **MSCI ACWI IMI** | 15.07% | 12.55% | 9.77% |
| **Bloomberg U.S. Aggregate Bond** | 3.38% | -1.07% | 1.66% |
| **Russell 3000** | 15.68% | 15.19% | 13.02% |

---

The investment advisor selected a different index for comparison purposes. The advisor believes the MSCI ACWI IMI Index is more reflective of the fund's strategy as compared to the Russell 3000 Index.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $694786067 |
| Management Fees (dollars paid during the reporting period) | $3287119 |
| Portfolio Turnover Rate | 60% |
| Total Number of Portfolio Holdings | 848 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Affiliated Funds | 52.7% |
| Common Stocks | 32.2% |
| U.S. Treasury Securities | 5.4% |
| U.S. Government Agency Mortgage-Backed Securities | 3.0% |
| Corporate Bonds | 1.6% |
| Collateralized Mortgage Obligations | 1.3% |
| Sovereign Governments and Agencies | 1.1% |
| Commercial Mortgage-Backed Securities | 0.3% |
| Exchange-Traded Funds | 0.2% |
| Asset-Backed Securities | 0.2% |
| Collateralized Loan Obligations | 0.1% |
| Preferred Securities | 0.1% |
| Convertible Preferred Securities | 0.0% |
| Municipal Securities | 0.0% |
| Short-Term Investments | 4.9% |
| Other Assets and Liabilities | (3.1)% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000924211-20250731_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI logo.jpg](ck0000924211-20250731_g1.jpg)

A-25085622

------

(b) Not applicable.

**ITEM 2. CODE OF ETHICS.**

(a) The registrant has adopted a Code of Ethics for Senior Financial Officers that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer, and persons performing similar functions.

(b) No response required.

(c) None.

(d) None.

(e) Not applicable.

(f) The registrant's Code of Ethics for Senior Financial Officers was filed as Exhibit 12 (a)(1) to American Century Asset Allocation Portfolios, Inc.'s Annual Certified Shareholder Report on Form N-CSR, File No. 811-21591, on September 29, 2005, and is incorporated herein by reference.

**ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.**

(a)(1) The registrant's board has determined that the registrant has at least one audit committee financial expert serving on its audit committee.

(a)(2) Chris H. Cheesman, Lynn M. Jenkins, Barry Fink and Gary Meltzer are the registrant's designated audit committee financial experts. They are "independent" as defined in Item 3 of Form N-CSR.

(a)(3) Not applicable.

(b) No response required.

(c) No response required.

(d) No response required.

**ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.**

(a) Audit Fees.

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal

accountant for the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were as follows:

---

| | |
|:---|:---|
| FY 2024: | $72960 |
| FY 2025: | $72960 |

---

(b) Audit-Related Fees.

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported under paragraph (a) of this Item were as follows:

For services rendered to the registrant:

------

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (relating to certain engagements for non-audit services with the registrant's investment adviser and its affiliates):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

(c) Tax Fees.

The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were as follows:

For services rendered to the registrant:

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (relating to certain engagements for non-audit services with the registrant's investment adviser and its affiliates):

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

(d) All Other Fees.

The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were as follows:

For services rendered to the registrant:

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (relating to certain &nbsp;&nbsp;&nbsp;&nbsp;engagements for non-audit services with the registrant's investment adviser and its affiliates):

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;

(e)(1) In accordance with paragraph (c)(7)(i)(A) of Rule 2-01 of Regulation S-X, before the accountant is engaged by the registrant to render audit or non-audit services, the engagement is approved by the registrant's audit committee. Pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, the registrant's audit committee also pre-approves its accountant's engagements for non-audit services with the registrant's investment adviser, its parent company, and any entity controlled by, or under common control with the investment adviser that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant.

(e)(2) All services described in each of paragraphs (b) through (d) of this Item were pre-approved before the engagement by the registrant's audit committee pursuant to paragraph (c)(7)(i)(A) of Rule 2-01 of Regulation S-X. Consequently, none of such services were required to be approved by the audit committee pursuant to paragraph (c)(7)(i)(C).

(f) The percentage of hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees was less than 50%.

------

(g) The aggregate non-audit fees billed by the registrant's accountant for services rendered to the registrant, and rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were as follows:

---

| | |
|:---|:---|
| FY 2024: | $198325 |
| FY 2025: | $98325 |

---

(h) The registrant's investment adviser and accountant have notified the registrant's audit committee of all non-audit services that were rendered by the registrant's accountant to the registrant's investment adviser, its parent company, and any entity controlled by, or under common control with the investment adviser that provides services to the registrant, which services were not required to be pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The notification provided to the registrant's audit committee included sufficient details regarding such services to allow the registrant's audit committee to consider the continuing independence of its principal accountant.

(i) Not applicable.

(j) Not applicable.

**ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.**

Not applicable.

**ITEM 6. INVESTMENTS.**

(a) The schedule of investments is included as part of the financial statements and other information filed under Item 7 of this Form.

(b) Not applicable.

**ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

(a) ------

&nbsp;&nbsp;&nbsp;&nbsp;

![Image5.jpg](ck0000924211-20250731_g24.jpg)

---

| |
|:---|
| Annual Financial Statements and Other Information |
| July 31, 2025 |
| Strategic Allocation: Conservative Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;Investor Class (TWSCX) |
| &nbsp;&nbsp;&nbsp;&nbsp;I Class (ACCIX) |
| &nbsp;&nbsp;&nbsp;&nbsp;A Class (ACCAX) |
| &nbsp;&nbsp;&nbsp;&nbsp;C Class (AACCX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R Class (AACRX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R5 Class (AACGX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R6 Class (AACDX) |
| Strategic Allocation: Moderate Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;Investor Class (TWSMX) |
| &nbsp;&nbsp;&nbsp;&nbsp;I Class (ASAMX) |
| &nbsp;&nbsp;&nbsp;&nbsp;A Class (ACOAX) |
| &nbsp;&nbsp;&nbsp;&nbsp;C Class (ASTCX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R Class (ASMRX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R5 Class (ASMUX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R6 Class (ASMDX) |
| Strategic Allocation: Aggressive Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;Investor Class (TWSAX) |
| &nbsp;&nbsp;&nbsp;&nbsp;I Class (AAAIX) |
| &nbsp;&nbsp;&nbsp;&nbsp;A Class (ACVAX) |
| &nbsp;&nbsp;&nbsp;&nbsp;C Class (ASTAX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R Class (AAARX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R5 Class (ASAUX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R6 Class (AAAUX) |

---

***Investors should carefully consider a fund's investment objectives, risks, charges and expenses. For this and additional information about a fund, including the Annual Shareholder Report, Semiannual Shareholder Report, Prospectus and Statement of Additional Information, visit americancentury.com/docs.***

------

**Table of Contents**

---

| | |
|:---|:---|
| Schedules of Investments | [2](#i7c0343e3af044bb9b2467576600f7b45_103) |
| Statements of Assets and Liabilities | [87](#i7c0343e3af044bb9b2467576600f7b45_40) |
| Statements of Operations | [91](#i7c0343e3af044bb9b2467576600f7b45_43) |
| Statements of Changes in Net Assets | [93](#i7c0343e3af044bb9b2467576600f7b45_46) |
| Notes to Financial Statements | [95](#i7c0343e3af044bb9b2467576600f7b45_49) |
| Financial Highlights | [105](#i7c0343e3af044bb9b2467576600f7b45_127) |
| Report of Independent Registered Public Accounting Firm | [111](#i7c0343e3af044bb9b2467576600f7b45_58) |
| Approval of Management Agreement | [112](#i7c0343e3af044bb9b2467576600f7b45_64) |
| Other Tax Information | [116](#i7c0343e3af044bb9b2467576600f7b45_4190) |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

**JULY 31, 2025**

---

| | | |
|:---|:---|:---|
|<br>**AFFILIATED FUNDS**<sup>(1)</sup> **— 35.8%** | **Shares/Principal<br>Amount** | **Value** |
| American Century Diversified Corporate Bond ETF | 324082 | $15186483 |
| American Century Focused Dynamic Growth ETF<sup>(2)</sup> | 44767 | 5112356 |
| American Century Focused Large Cap Value ETF | 69616 | 4961143 |
| American Century Multisector Income ETF | 346566 | 15196919 |
| American Century Quality Diversified International ETF | 157143 | 9031008 |
| American Century Short Duration Strategic Income ETF | 31790 | 1633688 |
| American Century U.S. Quality Growth ETF | 108545 | 11870481 |
| American Century U.S. Quality Value ETF | 222702 | 13670562 |
| Avantis International Equity ETF | 96582 | 7082358 |
| Avantis International Small Cap Value ETF<sup>(3)</sup> | 19667 | 1573753 |
| Avantis U.S. Equity ETF | 109000 | 11237900 |
| Avantis U.S. Small Cap Value ETF | 29134 | 2692273 |
| **TOTAL AFFILIATED FUNDS**<br>(Cost $71,804,415) |  | **99248924** |
| **COMMON STOCKS — 20.0%** |  |  |
| **Aerospace and Defense — 0.4%** |  |  |
| AAR Corp.<sup>(2)</sup> | 374 | 27942 |
| Airbus SE | 552 | 110982 |
| ATI, Inc.<sup>(2)</sup> | 369 | 28391 |
| Axon Enterprise, Inc.<sup>(2)</sup> | 229 | 173007 |
| Babcock International Group PLC | 1174 | 16096 |
| Chemring Group PLC | 999 | 7235 |
| Curtiss-Wright Corp. | 199 | 97554 |
| Exosens SAS | 237 | 11071 |
| HEICO Corp. | 314 | 102615 |
| Hexcel Corp. | 1973 | 118202 |
| Howmet Aerospace, Inc. | 1462 | 262824 |
| L3Harris Technologies, Inc. | 633 | 173961 |
| Rheinmetall AG | 40 | 79180 |
|  |  | 1209060 |
| **Air Freight and Logistics — 0.1%** |  |  |
| Cargojet, Inc.<sup>(3)</sup> | 225 | 16065 |
| Deutsche Post AG | 2025 | 90731 |
| FedEx Corp. | 174 | 38887 |
|  |  | 145683 |
| **Automobile Components — 0.2%** |  |  |
| BorgWarner, Inc. | 2142 | 78826 |
| Cie Generale des Etablissements Michelin SCA | 1752 | 62330 |
| Continental AG | 1477 | 126151 |
| Gentex Corp. | 2312 | 61083 |
| Hyundai Mobis Co. Ltd. | 541 | 114162 |
| Linamar Corp. | 1151 | 55656 |
|  |  | 498208 |
| **Automobiles — 0.2%** |  |  |
| Bayerische Motoren Werke AG | 1450 | 137969 |
| Ferrari NV | 258 | 113135 |
| Kia Corp. | 754 | 55171 |
| Mercedes-Benz Group AG | 1828 | 103502 |
| Tesla, Inc.<sup>(2)</sup> | 541 | 166774 |
|  |  | 576551 |
| **Banks — 1.1%** |  |  |
| Bancorp, Inc.<sup>(2)</sup> | 470 | 29685 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Bank Central Asia Tbk. PT | 227500 | $114022 |
| Bank of America Corp. | 3594 | 169888 |
| Bankinter SA | 784 | 11191 |
| Barclays PLC | 48273 | 235959 |
| BAWAG Group AG<sup>(2)</sup> | 216 | 27261 |
| BNP Paribas SA | 635 | 57898 |
| BPER Banca SpA | 2505 | 24651 |
| Coastal Financial Corp.<sup>(2)</sup> | 167 | 16065 |
| Commerce Bancshares, Inc. | 3260 | 199512 |
| Commerzbank AG | 2850 | 103928 |
| First Hawaiian, Inc. | 2092 | 50731 |
| Hana Financial Group, Inc. | 779 | 47627 |
| HDFC Bank Ltd. | 4488 | 102992 |
| ING Groep NV, Series N | 3052 | 71128 |
| JPMorgan Chase & Co. | 654 | 193741 |
| Mebuki Financial Group, Inc. | 4300 | 23315 |
| NU Holdings Ltd., Class A<sup>(2)</sup> | 3577 | 43711 |
| PNC Financial Services Group, Inc. | 695 | 132238 |
| Prosperity Bancshares, Inc. | 1977 | 131708 |
| Rakuten Bank Ltd.<sup>(2)</sup> | 2100 | 97822 |
| Regions Financial Corp. | 5692 | 144178 |
| Societe Generale SA | 5609 | 358014 |
| Suruga Bank Ltd.<sup>(3)</sup> | 2100 | 19336 |
| Triumph Financial, Inc.<sup>(2)</sup> | 283 | 16052 |
| Truist Financial Corp. | 4762 | 208147 |
| U.S. Bancorp | 5531 | 248674 |
| Westamerica Bancorporation | 1346 | 64473 |
| Woori Financial Group, Inc. | 2852 | 50604 |
|  |  | 2994551 |
| **Beverages — 0.1%** |  |  |
| Celsius Holdings, Inc.<sup>(2)</sup> | 486 | 22035 |
| Heineken NV | 1074 | 84300 |
| Lifedrink Co., Inc. | 800 | 11949 |
| PepsiCo, Inc. | 654 | 90200 |
| Pernod Ricard SA<sup>(3)</sup> | 1063 | 109243 |
|  |  | 317727 |
| **Biotechnology — 0.4%** |  |  |
| AbbVie, Inc. | 568 | 107363 |
| ADMA Biologics, Inc.<sup>(2)</sup> | 1605 | 30014 |
| Alkermes PLC<sup>(2)</sup> | 523 | 13854 |
| Alnylam Pharmaceuticals, Inc.<sup>(2)</sup> | 413 | 161995 |
| Arcellx, Inc.<sup>(2)</sup> | 180 | 12850 |
| Arcutis Biotherapeutics, Inc.<sup>(2)</sup> | 880 | 12830 |
| Argenx SE, ADR<sup>(2)</sup> | 118 | 79099 |
| Biohaven Ltd.<sup>(2)</sup> | 327 | 4938 |
| Bridgebio Pharma, Inc.<sup>(2)</sup> | 515 | 24344 |
| Celldex Therapeutics, Inc.<sup>(2)</sup> | 344 | 7561 |
| Centessa Pharmaceuticals PLC, ADR<sup>(2)</sup> | 495 | 8499 |
| Crinetics Pharmaceuticals, Inc.<sup>(2)</sup> | 331 | 9463 |
| CSL Ltd. | 653 | 112959 |
| Cytokinetics, Inc.<sup>(2)</sup> | 216 | 8130 |
| Gilead Sciences, Inc. | 582 | 65353 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Grifols SA, Preference Shares | 4080 | $43701 |
| Insmed, Inc.<sup>(2)</sup> | 91 | 9763 |
| Madrigal Pharmaceuticals, Inc.<sup>(2)</sup> | 82 | 24806 |
| Metsera, Inc.<sup>(2)(3)</sup> | 151 | 4982 |
| Mineralys Therapeutics, Inc.<sup>(2)</sup> | 427 | 6042 |
| Natera, Inc.<sup>(2)</sup> | 984 | 131521 |
| Newamsterdam Pharma Co. NV<sup>(2)(3)</sup> | 176 | 3839 |
| Nuvalent, Inc., Class A<sup>(2)</sup> | 182 | 14260 |
| Protagonist Therapeutics, Inc.<sup>(2)</sup> | 228 | 12280 |
| Revolution Medicines, Inc.<sup>(2)</sup> | 205 | 7640 |
| Scholar Rock Holding Corp.<sup>(2)</sup> | 347 | 12856 |
| Telix Pharmaceuticals Ltd.<sup>(2)</sup> | 687 | 9204 |
| Twist Bioscience Corp.<sup>(2)</sup> | 415 | 13932 |
| Vaxcyte, Inc.<sup>(2)</sup> | 160 | 5432 |
| Vera Therapeutics, Inc.<sup>(2)</sup> | 341 | 7089 |
| Vertex Pharmaceuticals, Inc.<sup>(2)</sup> | 161 | 73556 |
| Viking Therapeutics, Inc.<sup>(2)(3)</sup> | 152 | 4951 |
| Xenon Pharmaceuticals, Inc.<sup>(2)</sup> | 329 | 10048 |
|  |  | 1055154 |
| **Broadline Retail — 0.3%** |  |  |
| Alibaba Group Holding Ltd. | 1600 | 24056 |
| Alibaba Group Holding Ltd., ADR | 951 | 114719 |
| Amazon.com, Inc.<sup>(2)</sup> | 2093 | 489992 |
| Coupang, Inc.<sup>(2)</sup> | 5462 | 160747 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(2)</sup> | 107 | 14619 |
| Ryohin Keikaku Co. Ltd. | 2700 | 126408 |
|  |  | 930541 |
| **Building Products — 0.2%** |  |  |
| A.O. Smith Corp. | 1137 | 80488 |
| Cie de Saint-Gobain SA | 791 | 90741 |
| Fortune Brands Innovations, Inc. | 477 | 26016 |
| Hayward Holdings, Inc.<sup>(2)</sup> | 2883 | 44340 |
| Johnson Controls International PLC | 2900 | 304500 |
| Sanwa Holdings Corp. | 400 | 10913 |
| Trex Co., Inc.<sup>(2)</sup> | 621 | 39893 |
|  |  | 596891 |
| **Capital Markets — 0.8%** |  |  |
| Ameriprise Financial, Inc. | 162 | 83947 |
| Ares Management Corp., Class A | 1413 | 262154 |
| Bank of New York Mellon Corp. | 621 | 63000 |
| Blackrock, Inc. | 80 | 88481 |
| Coinbase Global, Inc., Class A<sup>(2)</sup> | 148 | 55908 |
| flatexDEGIRO AG | 576 | 17409 |
| Hamilton Lane, Inc., Class A | 205 | 31222 |
| Intercontinental Exchange, Inc. | 355 | 65615 |
| KKR & Co., Inc. | 512 | 75049 |
| London Stock Exchange Group PLC | 848 | 103367 |
| LPL Financial Holdings, Inc. | 719 | 284530 |
| Marex Group PLC | 416 | 16049 |
| Morgan Stanley | 1146 | 163259 |
| MSCI, Inc. | 229 | 128551 |
| Northern Trust Corp. | 1482 | 192660 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| P10, Inc., Class A | 1296 | $15941 |
| Piper Sandler Cos. | 80 | 25226 |
| Raymond James Financial, Inc. | 352 | 58830 |
| S&P Global, Inc. | 259 | 142735 |
| St. James's Place PLC | 1139 | 19603 |
| Swissquote Group Holding SA | 25 | 16611 |
| T. Rowe Price Group, Inc. | 1018 | 103276 |
| TPG, Inc. | 1120 | 63918 |
| XP, Inc., Class A | 5682 | 91707 |
|  |  | 2169048 |
| **Chemicals — 0.3%** |  |  |
| Air Liquide SA | 725 | 142634 |
| Akzo Nobel NV<sup>(3)</sup> | 899 | 56458 |
| Arkema SA | 1480 | 100642 |
| Ecolab, Inc. | 332 | 86904 |
| Element Solutions, Inc. | 4392 | 103651 |
| Linde PLC | 276 | 127032 |
| PPG Industries, Inc. | 848 | 89464 |
| Resonac Holdings Corp. | 600 | 14429 |
| Sensient Technologies Corp. | 252 | 28297 |
| Tokyo Ohka Kogyo Co. Ltd. | 700 | 19173 |
|  |  | 768684 |
| **Commercial Services and Supplies — 0.2%** |  |  |
| ABM Industries, Inc. | 1899 | 87601 |
| Casella Waste Systems, Inc., Class A<sup>(2)</sup> | 284 | 30879 |
| Clean Harbors, Inc.<sup>(2)</sup> | 95 | 22402 |
| Copart, Inc.<sup>(2)</sup> | 1037 | 47007 |
| Daiei Kankyo Co. Ltd. | 800 | 16484 |
| GFL Environmental, Inc. | 2541 | 127914 |
| Mitie Group PLC | 4267 | 7912 |
| OPENLANE, Inc.<sup>(2)</sup> | 1096 | 27006 |
| Republic Services, Inc. | 456 | 105176 |
| SPIE SA | 297 | 17479 |
|  |  | 489860 |
| **Communications Equipment — 0.1%** |  |  |
| Arista Networks, Inc.<sup>(2)</sup> | 658 | 81079 |
| Ciena Corp.<sup>(2)</sup> | 879 | 81606 |
| Extreme Networks, Inc.<sup>(2)</sup> | 1081 | 19091 |
| F5, Inc.<sup>(2)</sup> | 176 | 55162 |
| Motorola Solutions, Inc. | 245 | 107550 |
|  |  | 344488 |
| **Construction and Engineering — 0.1%** |  |  |
| AtkinsRealis Group, Inc. | 285 | 20180 |
| Construction Partners, Inc., Class A<sup>(2)</sup> | 380 | 38323 |
| EMCOR Group, Inc. | 253 | 158755 |
| Kinden Corp. | 600 | 18892 |
| Ventia Services Group Pty. Ltd. | 5071 | 16885 |
| Vinci SA | 430 | 59731 |
|  |  | 312766 |
| **Construction Materials — 0.1%** |  |  |
| CRH PLC | 1278 | 121985 |
| Eagle Materials, Inc. | 454 | 101828 |
| Knife River Corp.<sup>(2)</sup> | 153 | 12619 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Titan America SA<sup>(2)</sup> | 1219 | $17493 |
| Vulcan Materials Co. | 309 | 84873 |
| Wienerberger AG | 115 | 3855 |
|  |  | 342653 |
| **Consumer Finance — 0.1%** |  |  |
| American Express Co. | 312 | 93385 |
| Cembra Money Bank AG | 133 | 14927 |
| Dave, Inc.<sup>(2)</sup> | 74 | 17449 |
| Zip Co. Ltd.<sup>(2)(3)</sup> | 9085 | 18424 |
|  |  | 144185 |
| **Consumer Staples Distribution & Retail — 0.3%** |  |  |
| BGF retail Co. Ltd. | 1125 | 91129 |
| Casey's General Stores, Inc. | 167 | 86862 |
| Costco Wholesale Corp. | 94 | 88326 |
| Kobe Bussan Co. Ltd. | 200 | 5326 |
| Koninklijke Ahold Delhaize NV<sup>(3)</sup> | 2964 | 117067 |
| Maplebear, Inc.<sup>(2)</sup> | 2077 | 99634 |
| Marks & Spencer Group PLC | 863 | 3963 |
| PriceSmart, Inc. | 239 | 25692 |
| Redcare Pharmacy NV<sup>(2)</sup> | 62 | 6863 |
| Sprouts Farmers Market, Inc.<sup>(2)</sup> | 946 | 143357 |
| Sysco Corp. | 1235 | 98306 |
| Tsuruha Holdings, Inc.<sup>(3)</sup> | 200 | 14721 |
|  |  | 781246 |
| **Containers and Packaging — 0.2%** |  |  |
| Ball Corp. | 1092 | 62528 |
| Graphic Packaging Holding Co. | 8762 | 195918 |
| Packaging Corp. of America | 766 | 148413 |
| Verallia SA | 3393 | 109166 |
|  |  | 516025 |
| **Distributors — 0.1%** |  |  |
| D'ieteren Group | 58 | 11457 |
| LKQ Corp. | 1280 | 37722 |
| Pool Corp. | 297 | 91517 |
|  |  | 140696 |
| **Diversified Consumer Services — 0.1%** |  |  |
| Bright Horizons Family Solutions, Inc.<sup>(2)</sup> | 488 | 55193 |
| Duolingo, Inc.<sup>(2)</sup> | 210 | 72776 |
| OneSpaWorld Holdings Ltd. | 1229 | 27185 |
| Stride, Inc.<sup>(2)</sup> | 219 | 28082 |
|  |  | 183236 |
| **Diversified REITs — 0.2%** |  |  |
| British Land Co. PLC | 13430 | 61724 |
| CapitaLand Integrated Commercial Trust | 38100 | 64330 |
| Charter Hall Group | 4190 | 53981 |
| Essential Properties Realty Trust, Inc. | 2314 | 70554 |
| GO Residential Real Estate Investment Trust<sup>(2)</sup> | 2822 | 38097 |
| Merlin Properties Socimi SA<sup>(3)</sup> | 5234 | 72470 |
| Stockland | 19104 | 67729 |
|  |  | 428885 |
| **Diversified Telecommunication Services — 0.1%** |  |  |
| Cellnex Telecom SA<sup>(3)</sup> | 766 | 27032 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Globalstar, Inc.<sup>(2)</sup> | 361 | $8480 |
| Orange SA | 1629 | 24779 |
| Telkom Indonesia Persero Tbk. PT | 643700 | 113030 |
| Verizon Communications, Inc. | 993 | 42461 |
|  |  | 215782 |
| **Electric Utilities — 0.3%** |  |  |
| Duke Energy Corp. | 530 | 64469 |
| Evergy, Inc. | 2602 | 184222 |
| Eversource Energy | 2365 | 156326 |
| Iberdrola SA | 8162 | 143458 |
| NextEra Energy, Inc. | 2487 | 176726 |
| PPL Corp. | 622 | 22199 |
| Xcel Energy, Inc. | 2545 | 186905 |
|  |  | 934305 |
| **Electrical Equipment — 0.3%** |  |  |
| Eaton Corp. PLC | 282 | 108491 |
| Emerson Electric Co. | 397 | 57767 |
| Furukawa Electric Co. Ltd. | 300 | 18121 |
| GE Vernova, Inc. | 101 | 66689 |
| Hubbell, Inc. | 130 | 56872 |
| Legrand SA | 90 | 13294 |
| Regal Rexnord Corp. | 157 | 24002 |
| Schneider Electric SE | 440 | 113869 |
| Siemens Energy AG<sup>(2)</sup> | 1345 | 155722 |
| Sinfonia Technology Co. Ltd. | 200 | 12561 |
| SWCC Corp. | 400 | 23946 |
| Vertiv Holdings Co., Class A | 1166 | 169770 |
|  |  | 821104 |
| **Electronic Equipment, Instruments and Components — 0.1%** |  |  |
| Anritsu Corp. | 900 | 9701 |
| CDW Corp. | 290 | 50570 |
| Cognex Corp. | 112 | 4566 |
| Itron, Inc.<sup>(2)</sup> | 129 | 16066 |
| Keyence Corp. | 200 | 72346 |
| Littelfuse, Inc. | 113 | 29078 |
| Mirion Technologies, Inc., Class A<sup>(2)</sup> | 1243 | 27781 |
| Ralliant Corp.<sup>(2)</sup> | 951 | 43480 |
| TD SYNNEX Corp. | 129 | 18627 |
| TE Connectivity PLC | 439 | 90324 |
|  |  | 362539 |
| **Energy Equipment and Services — 0.1%** |  |  |
| Baker Hughes Co. | 4313 | 194301 |
| DOF Group ASA | 1486 | 13606 |
| Expro Group Holdings NV<sup>(2)</sup> | 2365 | 25495 |
| SBM Offshore NV<sup>(3)</sup> | 672 | 17525 |
| Schlumberger NV | 3075 | 103935 |
| Subsea 7 SA | 898 | 17402 |
| TechnipFMC PLC | 163 | 5928 |
| Transocean Ltd.<sup>(2)</sup> | 7607 | 22213 |
|  |  | 400405 |
| **Entertainment — 0.2%** |  |  |
| CTS Eventim AG & Co. KGaA | 88 | 9937 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Liberty Media Corp.-Liberty Formula One, Class C<sup>(2)</sup> | 214 | $21475 |
| Netflix, Inc.<sup>(2)</sup> | 111 | 128694 |
| ROBLOX Corp., Class A<sup>(2)</sup> | 1959 | 269931 |
| Spotify Technology SA<sup>(2)</sup> | 132 | 82703 |
|  |  | 512740 |
| **Financial Services — 0.3%** |  |  |
| Adyen NV<sup>(2)</sup> | 74 | 126921 |
| Banco Latinoamericano de Comercio Exterior SA | 286 | 11428 |
| Block, Inc.<sup>(2)</sup> | 1564 | 120835 |
| Corpay, Inc.<sup>(2)</sup> | 523 | 168955 |
| Fiserv, Inc.<sup>(2)</sup> | 390 | 54187 |
| Mastercard, Inc., Class A | 410 | 232253 |
| Shift4 Payments, Inc., Class A<sup>(2)(3)</sup> | 150 | 15450 |
| Visa, Inc., Class A | 356 | 122987 |
|  |  | 853016 |
| **Food Products — 0.1%** |  |  |
| Aryzta AG<sup>(2)</sup> | 83 | 7790 |
| Conagra Brands, Inc. | 4871 | 88945 |
| Freshpet, Inc.<sup>(2)</sup> | 187 | 12776 |
| General Mills, Inc. | 1240 | 60735 |
| Kerry Group PLC, Class A | 1044 | 96434 |
| Mondelez International, Inc., Class A | 577 | 37326 |
| Toyo Suisan Kaisha Ltd. | 200 | 12778 |
| Vital Farms, Inc.<sup>(2)</sup> | 527 | 19604 |
|  |  | 336388 |
| **Gas Utilities — 0.1%** |  |  |
| Nippon Gas Co. Ltd. | 400 | 7277 |
| ONE Gas, Inc. | 1719 | 124971 |
| Spire, Inc. | 1758 | 130918 |
|  |  | 263166 |
| **Ground Transportation — 0.2%** |  |  |
| CSX Corp. | 5741 | 204035 |
| Knight-Swift Transportation Holdings, Inc. | 637 | 27072 |
| Kyushu Railway Co. | 200 | 4837 |
| Norfolk Southern Corp. | 950 | 264100 |
| Schneider National, Inc., Class B | 838 | 20489 |
| Uber Technologies, Inc.<sup>(2)</sup> | 782 | 68620 |
| Union Pacific Corp. | 278 | 61708 |
|  |  | 650861 |
| **Health Care Equipment and Supplies — 0.7%** |  |  |
| Alphatec Holdings, Inc.<sup>(2)</sup> | 2966 | 31380 |
| Becton Dickinson & Co. | 1052 | 187519 |
| Dexcom, Inc.<sup>(2)</sup> | 2274 | 183671 |
| Eckert & Ziegler SE | 143 | 10879 |
| Envista Holdings Corp.<sup>(2)</sup> | 3939 | 74408 |
| EssilorLuxottica SA | 224 | 66607 |
| GE HealthCare Technologies, Inc. | 2701 | 192635 |
| Hologic, Inc.<sup>(2)</sup> | 1855 | 123951 |
| IDEXX Laboratories, Inc.<sup>(2)</sup> | 326 | 174185 |
| Insulet Corp.<sup>(2)</sup> | 441 | 127184 |
| Integer Holdings Corp.<sup>(2)</sup> | 185 | 20074 |
| Intuitive Surgical, Inc.<sup>(2)</sup> | 168 | 80823 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Medtronic PLC | 1372 | $123809 |
| SI-BONE, Inc.<sup>(2)</sup> | 1128 | 19210 |
| Terumo Corp. | 6800 | 115310 |
| UFP Technologies, Inc.<sup>(2)</sup> | 127 | 28752 |
| Ypsomed Holding AG<sup>(3)</sup> | 23 | 11005 |
| Zimmer Biomet Holdings, Inc. | 3629 | 332598 |
|  |  | 1904000 |
| **Health Care Providers and Services — 0.5%** |  |  |
| Cencora, Inc. | 988 | 282647 |
| Chartwell Retirement Residences | 8790 | 112349 |
| Cigna Group | 315 | 84225 |
| Encompass Health Corp. | 267 | 29399 |
| Ensign Group, Inc. | 279 | 41850 |
| Galenica AG | 78 | 8278 |
| HealthEquity, Inc.<sup>(2)</sup> | 276 | 26772 |
| Henry Schein, Inc.<sup>(2)</sup> | 3600 | 243540 |
| Labcorp Holdings, Inc. | 747 | 194280 |
| NeoGenomics, Inc.<sup>(2)</sup> | 139 | 673 |
| Pediatrix Medical Group, Inc.<sup>(2)</sup> | 861 | 10547 |
| Quest Diagnostics, Inc. | 607 | 101618 |
| RadNet, Inc.<sup>(2)</sup> | 555 | 30375 |
| Talkspace, Inc.<sup>(2)</sup> | 2879 | 6996 |
| U.S. Physical Therapy, Inc. | 89 | 6510 |
| UnitedHealth Group, Inc. | 207 | 51659 |
| Universal Health Services, Inc., Class B | 567 | 94377 |
|  |  | 1326095 |
| **Health Care REITs — 0.4%** |  |  |
| Aedifica SA | 927 | 68216 |
| American Healthcare REIT, Inc. | 2679 | 103517 |
| CareTrust REIT, Inc. | 2049 | 65158 |
| Healthpeak Properties, Inc. | 6259 | 106027 |
| Ventas, Inc. | 4172 | 280275 |
| Welltower, Inc. | 2586 | 426871 |
|  |  | 1050064 |
| **Health Care Technology — 0.1%** |  |  |
| Phreesia, Inc.<sup>(2)</sup> | 504 | 13588 |
| Pro Medicus Ltd. | 38 | 7803 |
| RaySearch Laboratories AB | 361 | 12373 |
| Schrodinger, Inc.<sup>(2)</sup> | 521 | 10592 |
| Veeva Systems, Inc., Class A<sup>(2)</sup> | 464 | 131869 |
|  |  | 176225 |
| **Hotel & Resort REITs — 0.0%** |  |  |
| Host Hotels & Resorts, Inc. | 3692 | 58039 |
| Invincible Investment Corp. | 73 | 32468 |
| Japan Hotel REIT Investment Corp. | 56 | 30776 |
|  |  | 121283 |
| **Hotels, Restaurants and Leisure — 0.7%** |  |  |
| Airbnb, Inc., Class A<sup>(2)</sup> | 611 | 80903 |
| Booking Holdings, Inc. | 14 | 77057 |
| Brinker International, Inc.<sup>(2)</sup> | 201 | 31678 |
| Chipotle Mexican Grill, Inc.<sup>(2)</sup> | 2475 | 106128 |
| DoorDash, Inc., Class A<sup>(2)</sup> | 262 | 65565 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Flutter Entertainment PLC<sup>(2)</sup> | 512 | $154757 |
| Hilton Worldwide Holdings, Inc. | 1691 | 453323 |
| Life Time Group Holdings, Inc.<sup>(2)</sup> | 964 | 27686 |
| MakeMyTrip Ltd.<sup>(2)</sup> | 1091 | 102107 |
| Planet Fitness, Inc., Class A<sup>(2)</sup> | 348 | 37998 |
| Round One Corp. | 2300 | 23619 |
| Royal Caribbean Cruises Ltd. | 881 | 280043 |
| Sodexo SA | 1098 | 65302 |
| Trip.com Group Ltd., ADR | 1689 | 104634 |
| Viking Holdings Ltd.<sup>(2)</sup> | 1312 | 77041 |
| Whitbread PLC | 3023 | 121436 |
| Wingstop, Inc. | 204 | 76977 |
|  |  | 1886254 |
| **Household Durables — 0.2%** |  |  |
| Barratt Redrow PLC | 17450 | 85932 |
| Breville Group Ltd.<sup>(3)</sup> | 421 | 8805 |
| Champion Homes, Inc.<sup>(2)</sup> | 395 | 24056 |
| De' Longhi SpA | 359 | 11775 |
| Mohawk Industries, Inc.<sup>(2)</sup> | 897 | 102715 |
| Neinor Homes SA<sup>(2)(3)</sup> | 3008 | 58466 |
| PulteGroup, Inc. | 958 | 108177 |
| Taylor Wimpey PLC | 89576 | 120523 |
| TopBuild Corp.<sup>(2)</sup> | 250 | 92607 |
|  |  | 613056 |
| **Household Products — 0.3%** |  |  |
| Church & Dwight Co., Inc. | 1615 | 151438 |
| Colgate-Palmolive Co. | 511 | 42847 |
| Henkel AG & Co. KGaA, Preference Shares | 1245 | 95939 |
| Kimberly-Clark Corp. | 1406 | 175216 |
| Procter & Gamble Co. | 941 | 141592 |
| Reckitt Benckiser Group PLC | 3547 | 265833 |
|  |  | 872865 |
| **Independent Power and Renewable Electricity Producers — 0.1%** |  |  |
| Talen Energy Corp.<sup>(2)</sup> | 82 | 30961 |
| TransAlta Corp. | 1365 | 16422 |
| Vistra Corp. | 1703 | 355144 |
|  |  | 402527 |
| **Industrial Conglomerates — 0.1%** |  |  |
| Hitachi Ltd. | 3300 | 100982 |
| Honeywell International, Inc. | 338 | 75154 |
|  |  | 176136 |
| **Industrial REITs — 0.3%** |  |  |
| EastGroup Properties, Inc. | 495 | 80804 |
| Goodman Group | 10833 | 242209 |
| Prologis, Inc. | 4420 | 471967 |
| STAG Industrial, Inc. | 1193 | 40956 |
| Tritax Big Box REIT PLC | 4555 | 8473 |
| Warehouses De Pauw CVA | 2449 | 57150 |
|  |  | 901559 |
| **Insurance — 0.5%** |  |  |
| Aegon Ltd. | 10399 | 74317 |
| Allstate Corp. | 519 | 105487 |
| Beazley PLC | 637 | 7506 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Goosehead Insurance, Inc., Class A | 152 | $13818 |
| Hanover Insurance Group, Inc. | 402 | 68995 |
| HCI Group, Inc. | 100 | 14004 |
| Intact Financial Corp. | 353 | 72964 |
| Kinsale Capital Group, Inc. | 52 | 22916 |
| Marsh & McLennan Cos., Inc. | 305 | 60756 |
| MetLife, Inc. | 1139 | 86507 |
| Palomar Holdings, Inc.<sup>(2)</sup> | 182 | 24113 |
| Phoenix Financial Ltd. | 491 | 16730 |
| Progressive Corp. | 255 | 61720 |
| Prudential PLC | 12831 | 162776 |
| Reinsurance Group of America, Inc. | 909 | 174937 |
| Root, Inc., Class A<sup>(2)</sup> | 139 | 16823 |
| Ryan Specialty Holdings, Inc., Class A | 1790 | 109530 |
| Slide Insurance Holdings, Inc.<sup>(2)</sup> | 561 | 10547 |
| Storebrand ASA | 1411 | 20037 |
| Willis Towers Watson PLC | 756 | 238752 |
|  |  | 1363235 |
| **Interactive Media and Services — 0.4%** |  |  |
| Alphabet, Inc., Class A | 2613 | 501435 |
| CAR Group Ltd. | 351 | 8543 |
| Meta Platforms, Inc., Class A | 481 | 372024 |
| Pinterest, Inc., Class A<sup>(2)</sup> | 3470 | 133942 |
| Scout24 SE | 157 | 20982 |
| Tencent Holdings Ltd. | 2800 | 196034 |
|  |  | 1232960 |
| **IT Services — 0.4%** |  |  |
| Accenture PLC, Class A | 317 | 84671 |
| Amdocs Ltd. | 1524 | 130089 |
| BIPROGY, Inc. | 300 | 12098 |
| Capgemini SE | 162 | 24118 |
| Cloudflare, Inc., Class A<sup>(2)</sup> | 1328 | 275799 |
| Cognizant Technology Solutions Corp., Class A | 1391 | 99818 |
| GDS Holdings Ltd., ADR<sup>(2)</sup> | 1542 | 55620 |
| Grid Dynamics Holdings, Inc.<sup>(2)</sup> | 515 | 4887 |
| International Business Machines Corp. | 539 | 136448 |
| Kontron AG | 249 | 8033 |
| MongoDB, Inc.<sup>(2)</sup> | 152 | 36159 |
| NEC Corp. | 6000 | 172295 |
| NEXTDC Ltd.<sup>(2)</sup> | 2048 | 18858 |
| SCSK Corp. | 500 | 15557 |
|  |  | 1074450 |
| **Leisure Products — 0.0%** |  |  |
| MIPS AB<sup>(3)</sup> | 195 | 8264 |
| Technogym SpA | 680 | 10492 |
| Thule Group AB<sup>(3)</sup> | 283 | 8004 |
| Yonex Co. Ltd. | 600 | 11781 |
|  |  | 38541 |
| **Life Sciences Tools and Services — 0.4%** |  |  |
| Agilent Technologies, Inc. | 958 | 109988 |
| Avantor, Inc.<sup>(2)</sup> | 730 | 9811 |
| Bio-Techne Corp. | 1847 | 101086 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Danaher Corp. | 556 | $109621 |
| ICON PLC<sup>(2)</sup> | 328 | 55494 |
| IQVIA Holdings, Inc.<sup>(2)</sup> | 1064 | 197755 |
| Lonza Group AG | 219 | 152636 |
| Mettler-Toledo International, Inc.<sup>(2)</sup> | 58 | 71554 |
| Siegfried Holding AG<sup>(2)(3)</sup> | 34 | 3802 |
| Thermo Fisher Scientific, Inc. | 171 | 79973 |
| West Pharmaceutical Services, Inc. | 387 | 92594 |
|  |  | 984314 |
| **Machinery — 0.5%** |  |  |
| Albany International Corp., Class A | 514 | 27854 |
| Alstom SA<sup>(2)</sup> | 6388 | 149839 |
| Crane Co. | 436 | 85356 |
| Cummins, Inc. | 716 | 263216 |
| Daimler Truck Holding AG | 1453 | 70682 |
| Deere & Co. | 122 | 63973 |
| Doosan Bobcat, Inc.<sup>(2)</sup> | 1187 | 47056 |
| Dover Corp. | 230 | 41662 |
| Fluidra SA<sup>(3)</sup> | 413 | 10300 |
| Fortive Corp. | 872 | 41795 |
| Gates Industrial Corp. PLC<sup>(2)</sup> | 521 | 12921 |
| Konecranes OYJ | 249 | 20750 |
| Organo Corp. | 300 | 18485 |
| Oshkosh Corp. | 1163 | 147154 |
| Parker-Hannifin Corp. | 87 | 63675 |
| RBC Bearings, Inc.<sup>(2)</sup> | 72 | 27888 |
| RENK Group AG | 224 | 17389 |
| Sulzer AG | 46 | 8851 |
| Timken Co. | 1347 | 102493 |
| Toro Co. | 1043 | 77443 |
| Weir Group PLC | 602 | 21149 |
| Xylem, Inc. | 747 | 108031 |
|  |  | 1427962 |
| **Media — 0.1%** |  |  |
| CyberAgent, Inc. | 1600 | 16024 |
| Magnite, Inc.<sup>(2)</sup> | 1182 | 27198 |
| New York Times Co., Class A | 316 | 16397 |
| Omnicom Group, Inc. | 1252 | 90207 |
| Publicis Groupe SA | 666 | 60860 |
| Trade Desk, Inc., Class A<sup>(2)</sup> | 1774 | 154267 |
|  |  | 364953 |
| **Metals and Mining — 0.1%** |  |  |
| Acerinox SA | 625 | 7212 |
| Alamos Gold, Inc., Class A | 480 | 11664 |
| Capstone Copper Corp.<sup>(2)</sup> | 2243 | 12578 |
| Carpenter Technology Corp. | 136 | 33917 |
| GMK Norilskiy Nickel PAO<sup>(2)(4)</sup> | 94900 | 1 |
| Reliance, Inc. | 356 | 103286 |
| Sandfire Resources Ltd.<sup>(2)</sup> | 1196 | 8046 |
| Torex Gold Resources, Inc.<sup>(2)</sup> | 468 | 13183 |
| Vale SA | 4300 | 40923 |
|  |  | 230810 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| **Multi-Utilities — 0.1%** | | |
| Hera SpA | 1819 | $7784 |
| Northwestern Energy Group, Inc. | 3256 | 174847 |
|  |  | 182631 |
| **Office REITs — 0.1%** |  |  |
| Cousins Properties, Inc. | 1356 | 36747 |
| Kilroy Realty Corp. | 1173 | 43237 |
| Mindspace Business Parks REIT | 6172 | 29081 |
| Orix JREIT, Inc. | 35 | 45753 |
| SL Green Realty Corp. | 427 | 24446 |
| Vornado Realty Trust | 1228 | 47180 |
|  |  | 226444 |
| **Oil, Gas and Consumable Fuels — 0.5%** |  |  |
| Cheniere Energy, Inc. | 367 | 86568 |
| Coterra Energy, Inc. | 4635 | 113048 |
| Diamondback Energy, Inc. | 636 | 94548 |
| Eni SpA | 2162 | 36899 |
| Enterprise Products Partners LP | 8744 | 270976 |
| Expand Energy Corp. | 700 | 73346 |
| Friedrich Vorwerk Group SE | 65 | 6317 |
| Gaztransport Et Technigaz SA | 118 | 22194 |
| Kosmos Energy Ltd.<sup>(2)</sup> | 8748 | 18808 |
| NAC Kazatomprom JSC, GDR | 2335 | 96095 |
| Occidental Petroleum Corp. | 2169 | 95306 |
| Permian Resources Corp. | 3750 | 53100 |
| Repsol SA | 9230 | 139943 |
| Shell PLC | 2872 | 103200 |
| Targa Resources Corp. | 844 | 140450 |
| TC Energy Corp. | 1351 | 64508 |
| Williams Cos., Inc. | 1446 | 86688 |
|  |  | 1501994 |
| **Paper and Forest Products — 0.0%** |  |  |
| Mondi PLC | 4073 | 55060 |
| **Passenger Airlines — 0.0%** |  |  |
| Southwest Airlines Co. | 3739 | 115647 |
| **Personal Care Products — 0.2%** |  |  |
| elf Beauty, Inc.<sup>(2)</sup> | 88 | 10665 |
| Estee Lauder Cos., Inc., Class A | 1408 | 131423 |
| Kenvue, Inc. | 10965 | 235089 |
| L'Oreal SA | 87 | 38656 |
|  |  | 415833 |
| **Pharmaceuticals — 0.4%** |  |  |
| ALK-Abello AS<sup>(2)</sup> | 565 | 16393 |
| AstraZeneca PLC, ADR | 1426 | 104226 |
| AstraZeneca PLC | 842 | 122841 |
| Bristol-Myers Squibb Co. | 690 | 29884 |
| Edgewise Therapeutics, Inc.<sup>(2)</sup> | 412 | 5875 |
| Eli Lilly & Co. | 196 | 145054 |
| Galderma Group AG | 715 | 110195 |
| GSK PLC | 10478 | 192732 |
| Haleon PLC | 5681 | 26648 |
| Hikma Pharmaceuticals PLC | 1203 | 31094 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Merck & Co., Inc. | 636 | $49684 |
| Roche Holding AG | 280 | 87380 |
| Sanofi SA | 248 | 22263 |
| Verona Pharma PLC, ADR<sup>(2)</sup> | 135 | 14187 |
| Zoetis, Inc. | 583 | 84996 |
|  |  | 1043452 |
| **Professional Services — 0.4%** |  |  |
| Adecco Group AG | 5561 | 175106 |
| ALS Ltd. | 1445 | 16799 |
| Automatic Data Processing, Inc. | 261 | 80779 |
| BayCurrent, Inc. | 300 | 17226 |
| CACI International, Inc., Class A<sup>(2)</sup> | 91 | 41912 |
| Equifax, Inc. | 194 | 46605 |
| Experian PLC | 2753 | 145058 |
| First Advantage Corp.<sup>(2)</sup> | 1222 | 21128 |
| Paylocity Holding Corp.<sup>(2)</sup> | 112 | 20707 |
| Randstad NV | 3038 | 144394 |
| RELX PLC | 2814 | 146218 |
| TechnoPro Holdings, Inc. | 400 | 12668 |
| Teleperformance SE | 1729 | 168562 |
| Verisk Analytics, Inc. | 436 | 121518 |
| Verra Mobility Corp.<sup>(2)</sup> | 1075 | 27154 |
|  |  | 1185834 |
| **Real Estate Management and Development — 0.1%** |  |  |
| CBRE Group, Inc., Class A<sup>(2)</sup> | 451 | 70239 |
| Colliers International Group, Inc. | 171 | 25771 |
| CTP NV | 3312 | 70243 |
| FirstService Corp. (Toronto) | 107 | 21091 |
| Grainger PLC | 4821 | 13034 |
| Katitas Co. Ltd. | 900 | 15091 |
| Mitsui Fudosan Co. Ltd. | 6200 | 55418 |
| PSP Swiss Property AG | 51 | 8653 |
| Sumitomo Realty & Development Co. Ltd. | 1500 | 54794 |
| TAG Immobilien AG | 461 | 7412 |
| Tokyo Tatemono Co. Ltd. | 2700 | 45184 |
|  |  | 386930 |
| **Residential REITs — 0.2%** |  |  |
| American Homes 4 Rent, Class A | 1829 | 63448 |
| AvalonBay Communities, Inc. | 662 | 123318 |
| Camden Property Trust | 359 | 39203 |
| Equity Residential | 2516 | 159011 |
| Essex Property Trust, Inc. | 496 | 129049 |
| Invitation Homes, Inc. | 3005 | 92103 |
| UDR, Inc. | 1637 | 64318 |
|  |  | 670450 |
| **Retail REITs — 0.4%** |  |  |
| Agree Realty Corp.<sup>(3)</sup> | 579 | 41514 |
| Brixmor Property Group, Inc. | 2768 | 72328 |
| Charter Hall Retail REIT | 5902 | 14669 |
| Frasers Centrepoint Trust | 15100 | 25750 |
| Japan Metropolitan Fund Invest | 115 | 83642 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Kite Realty Group Trust | 3687 | $81040 |
| Link REIT | 14320 | 79788 |
| Macerich Co. | 3531 | 59003 |
| Realty Income Corp. | 3449 | 193592 |
| Regency Centers Corp. | 565 | 40341 |
| Scentre Group | 41817 | 100078 |
| Simon Property Group, Inc. | 968 | 158549 |
| Unibail-Rodamco-Westfield | 763 | 73965 |
| Urban Edge Properties | 2963 | 58430 |
|  |  | 1082689 |
| **Semiconductors and Semiconductor Equipment — 1.1%** |  |  |
| Analog Devices, Inc. | 970 | 217891 |
| Applied Materials, Inc. | 195 | 35112 |
| ARM Holdings PLC, ADR<sup>(2)</sup> | 174 | 24599 |
| ASML Holding NV | 114 | 79010 |
| Broadcom, Inc. | 1426 | 418816 |
| Credo Technology Group Holding Ltd.<sup>(2)</sup> | 390 | 43505 |
| Ichor Holdings Ltd.<sup>(2)</sup> | 484 | 9578 |
| Impinj, Inc.<sup>(2)</sup> | 147 | 22723 |
| Infineon Technologies AG | 1661 | 65249 |
| Lattice Semiconductor Corp.<sup>(2)</sup> | 800 | 39864 |
| MACOM Technology Solutions Holdings, Inc.<sup>(2)</sup> | 191 | 26194 |
| Melexis NV<sup>(3)</sup> | 152 | 11626 |
| Monolithic Power Systems, Inc. | 184 | 130868 |
| Nova Ltd.<sup>(2)</sup> | 32 | 8403 |
| NVIDIA Corp. | 5932 | 1055125 |
| NXP Semiconductors NV | 281 | 60070 |
| Onto Innovation, Inc.<sup>(2)</sup> | 78 | 7391 |
| Power Integrations, Inc. | 360 | 17467 |
| Silicon Laboratories, Inc.<sup>(2)</sup> | 265 | 34919 |
| SiTime Corp.<sup>(2)</sup> | 125 | 25356 |
| SUMCO Corp. | 7700 | 60220 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 9000 | 346493 |
| Teradyne, Inc. | 1329 | 142775 |
| Tower Semiconductor Ltd.<sup>(2)</sup> | 407 | 18620 |
|  |  | 2901874 |
| **Software — 1.2%** |  |  |
| ACI Worldwide, Inc.<sup>(2)</sup> | 800 | 34048 |
| Agilysys, Inc.<sup>(2)</sup> | 301 | 34338 |
| Appier Group, Inc. | 1200 | 12168 |
| BlackLine, Inc.<sup>(2)</sup> | 627 | 33720 |
| Cadence Design Systems, Inc.<sup>(2)</sup> | 738 | 269053 |
| Crowdstrike Holdings, Inc., Class A<sup>(2)</sup> | 116 | 52730 |
| CyberArk Software Ltd.<sup>(2)</sup> | 20 | 8229 |
| Datadog, Inc., Class A<sup>(2)</sup> | 1346 | 188413 |
| Descartes Systems Group, Inc.<sup>(2)</sup> | 81 | 8558 |
| Docusign, Inc.<sup>(2)</sup> | 1303 | 98559 |
| Dynatrace, Inc.<sup>(2)</sup> | 1041 | 54767 |
| Elastic NV<sup>(2)</sup> | 190 | 15903 |
| Fair Isaac Corp.<sup>(2)</sup> | 103 | 147982 |
| Guidewire Software, Inc.<sup>(2)</sup> | 632 | 142971 |
| HubSpot, Inc.<sup>(2)</sup> | 245 | 127314 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Kinaxis, Inc.<sup>(2)</sup> | 81 | $12021 |
| Klaviyo, Inc., Class A<sup>(2)</sup> | 1078 | 33526 |
| Manhattan Associates, Inc.<sup>(2)</sup> | 554 | 121692 |
| Microsoft Corp. | 2086 | 1112881 |
| nCino, Inc.<sup>(2)</sup> | 543 | 15163 |
| Onestream, Inc.<sup>(2)</sup> | 649 | 15479 |
| Pegasystems, Inc. | 370 | 21723 |
| Q2 Holdings, Inc.<sup>(2)</sup> | 452 | 36702 |
| Salesforce, Inc. | 220 | 56833 |
| Samsara, Inc., Class A<sup>(2)</sup> | 2393 | 91006 |
| SAP SE | 736 | 210463 |
| ServiceNow, Inc.<sup>(2)</sup> | 79 | 74506 |
| Tenable Holdings, Inc.<sup>(2)</sup> | 257 | 8047 |
| Workday, Inc., Class A<sup>(2)</sup> | 325 | 74549 |
| Zscaler, Inc.<sup>(2)</sup> | 528 | 150776 |
|  |  | 3264120 |
| **Specialized REITs — 0.7%** |  |  |
| American Tower Corp. | 685 | 142747 |
| Big Yellow Group PLC | 4413 | 54411 |
| CubeSmart | 1812 | 70505 |
| Digital Realty Trust, Inc. | 1300 | 229372 |
| Equinix, Inc. | 536 | 420851 |
| Extra Space Storage, Inc. | 1020 | 137047 |
| Iron Mountain, Inc. | 1791 | 174372 |
| Keppel DC REIT | 33400 | 60782 |
| Millrose Properties, Inc. | 1577 | 47294 |
| Public Storage | 660 | 179480 |
| SBA Communications Corp. | 408 | 91686 |
| Smartstop Self Storage REIT, Inc. | 894 | 30289 |
| VICI Properties, Inc. | 11965 | 390059 |
|  |  | 2028895 |
| **Specialty Retail — 0.4%** |  |  |
| Aritzia, Inc.<sup>(2)</sup> | 484 | 25978 |
| Auto1 Group SE<sup>(2)</sup> | 892 | 26740 |
| Boot Barn Holdings, Inc.<sup>(2)</sup> | 236 | 40568 |
| Burlington Stores, Inc.<sup>(2)</sup> | 628 | 171419 |
| Carvana Co.<sup>(2)</sup> | 472 | 184160 |
| Five Below, Inc.<sup>(2)</sup> | 94 | 12833 |
| Home Depot, Inc. | 479 | 176037 |
| JB Hi-Fi Ltd. | 217 | 15455 |
| National Vision Holdings, Inc.<sup>(2)</sup> | 1254 | 30422 |
| Nextage Co. Ltd. | 600 | 7448 |
| O'Reilly Automotive, Inc.<sup>(2)</sup> | 207 | 20352 |
| Sanrio Co. Ltd. | 300 | 12310 |
| TJX Cos., Inc. | 1037 | 129138 |
| Tractor Supply Co. | 1567 | 89241 |
| Urban Outfitters, Inc.<sup>(2)</sup> | 181 | 13626 |
| Zalando SE<sup>(2)</sup> | 3271 | 95376 |
|  |  | 1051103 |
| **Technology Hardware, Storage and Peripherals — 0.4%** |  |  |
| Apple, Inc. | 2456 | 509792 |
| HP, Inc. | 5311 | 131713 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Samsung Electronics Co. Ltd. | 5772 | $294164 |
| Super Micro Computer, Inc.<sup>(2)(3)</sup> | 680 | 40099 |
|  |  | 975768 |
| **Textiles, Apparel and Luxury Goods — 0.1%** |  |  |
| Asics Corp. | 800 | 18807 |
| Cie Financiere Richemont SA, Class A | 163 | 26614 |
| Deckers Outdoor Corp.<sup>(2)</sup> | 272 | 28878 |
| On Holding AG, Class A<sup>(2)</sup> | 3280 | 159310 |
| Pandora AS | 300 | 49529 |
|  |  | 283138 |
| **Tobacco — 0.0%** |  |  |
| British American Tobacco PLC | 2420 | 129657 |
| **Trading Companies and Distributors — 0.5%** |  |  |
| Applied Industrial Technologies, Inc. | 82 | 22263 |
| Ashtead Group PLC | 1117 | 74628 |
| Bunzl PLC | 5570 | 165303 |
| Core & Main, Inc., Class A<sup>(2)</sup> | 1262 | 80314 |
| Diploma PLC | 261 | 18476 |
| Fastenal Co. | 1355 | 62506 |
| Ferguson Enterprises, Inc. | 249 | 55609 |
| Herc Holdings, Inc. | 282 | 32940 |
| MonotaRO Co. Ltd. | 6600 | 117526 |
| MSC Industrial Direct Co., Inc., Class A | 1829 | 158428 |
| Rexel SA | 2676 | 80881 |
| SGH Ltd. | 475 | 15536 |
| SiteOne Landscape Supply, Inc.<sup>(2)</sup> | 297 | 40935 |
| Sojitz Corp. | 800 | 19040 |
| Sumitomo Corp. | 4600 | 117575 |
| United Rentals, Inc. | 88 | 77699 |
| WESCO International, Inc. | 534 | 110517 |
|  |  | 1250176 |
| **Transportation Infrastructure — 0.0%** |  |  |
| Flughafen Zurich AG | 41 | 11555 |
| **Wireless Telecommunication Services — 0.0%** |  |  |
| Indosat Tbk. PT | 288300 | 38474 |
| **TOTAL COMMON STOCKS**<br>(Cost $41,076,617) |  | **55245457** |
| **U.S. TREASURY SECURITIES — 15.2%** |  |  |
| U.S. Treasury Bonds, 2.50%, 2/15/45 | $1000000 | 695898 |
| U.S. Treasury Inflation-Indexed Bonds, 2.375%, 1/15/27 | 478218 | 485669 |
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/42 | 711330 | 549378 |
| U.S. Treasury Inflation-Indexed Bonds, 0.625%, 2/15/43 | 699105 | 516315 |
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/45 | 2935051 | 2125699 |
| U.S. Treasury Inflation-Indexed Bonds, 0.875%, 2/15/47 | 665855 | 477561 |
| U.S. Treasury Inflation-Indexed Bonds, 0.125%, 2/15/51 | 864311 | 463194 |
| U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/54 | 811774 | 729592 |
| U.S. Treasury Inflation-Indexed Notes, 0.375%, 1/15/27 | 266158 | 262670 |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 4/15/27 | 3723059 | 3646350 |
| U.S. Treasury Inflation-Indexed Notes, 0.50%, 1/15/28 | 4561340 | 4476598 |
| U.S. Treasury Inflation-Indexed Notes, 0.875%, 1/15/29 | 3182800 | 3135769 |
| U.S. Treasury Inflation-Indexed Notes, 1.625%, 10/15/29 | 2554100 | 2587608 |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/30 | 7496760 | 7086515 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/32 |  | $2359928 | $2140256 |
| U.S. Treasury Notes, 4.00%, 12/15/27 |  | 960000 | 962213 |
| U.S. Treasury Notes, 4.125%, 11/30/29 |  | 6315000 | 6363843 |
| U.S. Treasury Notes, 4.375%, 11/30/30 |  | 4168000 | 4244766 |
| U.S. Treasury Notes, 1.875%, 2/15/32<sup>(5)</sup> |  | 1200000 | 1047164 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $44,820,516) |  |  | **41997058** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 8.1%** |  |  |  |
| **Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 8.1%** |  |  |  |
| FHLMC, 6.00%, 2/1/38 |  | 37047 | 38802 |
| FHLMC, 4.50%, 10/1/52 |  | 2700419 | 2567789 |
| FHLMC, 5.00%, 6/1/53 |  | 1360774 | 1330671 |
| FHLMC, 5.50%, 12/1/52 |  | 1263152 | 1264134 |
| FNMA, 3.50%, 9/1/52 |  | 2969413 | 2658468 |
| FNMA, 4.50%, 10/1/52 |  | 2690893 | 2559537 |
| FNMA, 5.50%, 3/1/54 |  | 1493167 | 1488795 |
| FNMA, 4.00%, 1/1/55 |  | 1480130 | 1368096 |
| GNMA, 7.50%, 2/15/26 |  | 457 | 457 |
| GNMA, 8.25%, 7/15/26 |  | 2121 | 2126 |
| GNMA, 7.00%, 12/15/27 |  | 4052 | 4075 |
| GNMA, 6.50%, 3/15/28 |  | 2571 | 2597 |
| GNMA, 6.00%, 10/15/28 |  | 2598 | 2657 |
| GNMA, 7.00%, 5/15/31 |  | 1272 | 1313 |
| GNMA, 6.50%, 10/15/38 |  | 117311 | 123898 |
| GNMA, 4.50%, 6/15/41 |  | 53641 | 52056 |
| GNMA, 3.50%, 6/20/42 |  | 81853 | 75793 |
| GNMA, 4.00%, TBA |  | 1903000 | 1752831 |
| GNMA, 5.50%, TBA |  | 1378000 | 1374711 |
| UMBS, 5.00%, TBA |  | 3796000 | 3695148 |
| UMBS, 5.50%, TBA |  | 2049000 | 2038472 |
| **TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES**<br>(Cost $22,432,316) |  |  | **22402426** |
| **CORPORATE BONDS — 4.9%** |  |  |  |
| **Aerospace and Defense — 0.2%** |  |  |  |
| Boeing Co., 2.20%, 2/4/26 |  | 275000 | 271385 |
| RTX Corp., 5.75%, 11/8/26 |  | 270000 | 274044 |
|  |  |  | 545429 |
| **Automobiles — 0.1%** |  |  |  |
| American Honda Finance Corp., 4.95%, 1/9/26 |  | 205000 | 205296 |
| Hyundai Capital America, 5.95%, 9/21/26<sup>(6)</sup> |  | 200000 | 202796 |
|  |  |  | 408092 |
| **Banks — 1.0%** |  |  |  |
| Avi Funding Co. Ltd., 3.80%, 9/16/25<sup>(6)</sup> |  | 102000 | 101907 |
| Bank of America Corp., VRN, 5.93%, 9/15/27 |  | 200000 | 203045 |
| Citigroup, Inc., VRN, 5.61%, 3/4/56 |  | 90000 | 87878 |
| Commerzbank AG, 4.00%, 3/23/26 | EUR | 220000 | 253442 |
| European Union, 0.00%, 7/4/31<sup>(7)</sup> | EUR | 400000 | 392199 |
| HSBC Bank PLC, VRN, 5.375%, 11/4/30 | GBP | 90000 | 118822 |
| ING Groep NV, 2.125%, 1/10/26 | EUR | 300000 | 342500 |
| JPMorgan Chase & Co., VRN, 4.51%, 10/22/28 |  | $205000 | 205271 |
| PNC Financial Services Group, Inc., VRN, 5.10%, 7/23/27 |  | 200000 | 200868 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| U.S. Bank NA, VRN, 4.51%, 10/22/27 |  | $270000 | $269948 |
| Wells Fargo & Co., VRN, 4.90%, 1/24/28 |  | 270000 | 271470 |
| Wells Fargo & Co., VRN, 6.30%, 10/23/29 |  | 260000 | 273654 |
| Wells Fargo & Co., VRN, 5.61%, 4/23/36 |  | 40000 | 41214 |
|  |  |  | 2762218 |
| **Beverages — 0.1%** |  |  |  |
| PepsiCo, Inc., 4.40%, 2/7/27 |  | 205000 | 205831 |
| **Biotechnology — 0.1%** |  |  |  |
| AbbVie, Inc., 4.80%, 3/15/27 |  | 200000 | 201371 |
| Amgen, Inc., 5.25%, 3/2/30 |  | 200000 | 205530 |
|  |  |  | 406901 |
| **Capital Markets — 0.3%** |  |  |  |
| Goldman Sachs Group, Inc., VRN, 4.94%, 4/23/28 |  | 200000 | 201256 |
| Goldman Sachs Group, Inc., VRN, 4.69%, 10/23/30 |  | 205000 | 204898 |
| Morgan Stanley, VRN, 5.16%, 4/20/29 |  | 200000 | 203255 |
| UBS Group AG, VRN, 6.33%, 12/22/27<sup>(6)</sup> |  | 265000 | 271292 |
|  |  |  | 880701 |
| **Chemicals — 0.0%** |  |  |  |
| EQUATE Petrochemical Co. KSC, 4.25%, 11/3/26<sup>(6)</sup> |  | 34000 | 33821 |
| **Consumer Finance — 0.1%** |  |  |  |
| American Express Co., VRN, 4.73%, 4/25/29 |  | 200000 | 201789 |
| **Consumer Staples Distribution & Retail — 0.1%** |  |  |  |
| Walmart, Inc., 4.10%, 4/28/27 |  | 205000 | 205239 |
| **Containers and Packaging — 0.1%** |  |  |  |
| Smurfit Kappa Treasury ULC, 5.20%, 1/15/30 |  | 265000 | 271659 |
| **Diversified Consumer Services — 0.0%** |  |  |  |
| Duke University, 3.30%, 10/1/46 |  | 60000 | 43060 |
| **Diversified Telecommunication Services — 0.1%** |  |  |  |
| AT&T, Inc., 2.60%, 12/17/29 | EUR | 100000 | 113209 |
| Sprint Capital Corp., 6.875%, 11/15/28 |  | $89000 | 95175 |
|  |  |  | 208384 |
| **Electric Utilities — 0.1%** |  |  |  |
| Duke Energy Carolinas LLC, 3.20%, 8/15/49 |  | 190000 | 128292 |
| Duke Energy Progress LLC, 4.15%, 12/1/44 |  | 89000 | 72773 |
| MidAmerican Energy Co., 5.85%, 9/15/54 |  | 30000 | 30677 |
| Northern States Power Co., 5.10%, 5/15/53 |  | 80000 | 74306 |
|  |  |  | 306048 |
| **Financial Services — 1.1%** |  |  |  |
| Gulf Gate Apartments LLC, VRN, 4.46%, (Acquired 9/29/03 - 11/10/03, Cost $3,000,000), 9/1/28<sup>(8)</sup> |  | 3000000 | 3000000 |
| **Food Products — 0.1%** |  |  |  |
| Mars, Inc., 4.60%, 3/1/28<sup>(6)</sup> |  | 270000 | 271561 |
| **Health Care Providers and Services — 0.1%** |  |  |  |
| DaVita, Inc., 4.625%, 6/1/30<sup>(6)</sup> |  | 370000 | 353107 |
| Kaiser Foundation Hospitals, 3.00%, 6/1/51 |  | 130000 | 83669 |
|  |  |  | 436776 |
| **Hotels, Restaurants and Leisure — 0.2%** |  |  |  |
| Hyatt Hotels Corp., 5.75%, 1/30/27 |  | 265000 | 269448 |
| Marriott International, Inc., 5.45%, 9/15/26 |  | 200000 | 201874 |
| MGM Resorts International, 4.625%, 9/1/26 |  | 8000 | 7975 |
|  |  |  | 479297 |
| **Household Durables — 0.0%** |  |  |  |
| Meritage Homes Corp., 5.125%, 6/6/27 |  | 40000 | 40226 |
| **Industrial Conglomerates — 0.1%** |  |  |  |
| Honeywell International, Inc., 4.65%, 7/30/27 |  | 270000 | 271800 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| **Insurance — 0.1%** | | | |
| AXA SA, VRN, 3.375%, 7/6/47 | EUR | 200000 | $230891 |
| **Life Sciences Tools and Services — 0.1%** |  |  |  |
| Thermo Fisher Scientific, Inc., 5.00%, 12/5/26 |  | $200000 | 201696 |
| **Machinery — 0.1%** |  |  |  |
| Caterpillar Financial Services Corp., 4.40%, 3/3/28 |  | 270000 | 271270 |
| **Metals and Mining — 0.1%** |  |  |  |
| Rio Tinto Finance USA PLC, 4.50%, 3/14/28 |  | 270000 | 271364 |
| **Multi-Utilities — 0.0%** |  |  |  |
| Dominion Energy, Inc., 4.90%, 8/1/41 |  | 140000 | 126239 |
| **Oil, Gas and Consumable Fuels — 0.2%** |  |  |  |
| Antero Resources Corp., 7.625%, 2/1/29<sup>(6)</sup> |  | 75000 | 76898 |
| BP Capital Markets America, Inc., 3.06%, 6/17/41 |  | 130000 | 95887 |
| Petroleos Mexicanos, 5.95%, 1/28/31 |  | 370000 | 343664 |
|  |  |  | 516449 |
| **Passenger Airlines — 0.1%** |  |  |  |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(6)</sup> |  | 203831 | 203772 |
| **Pharmaceuticals — 0.1%** |  |  |  |
| Pfizer Investment Enterprises Pte. Ltd., 4.45%, 5/19/26 |  | 205000 | 205134 |
| **Software — 0.0%** |  |  |  |
| Oracle Corp., 3.60%, 4/1/40 |  | 95000 | 75021 |
| **Specialty Retail — 0.1%** |  |  |  |
| Home Depot, Inc., 5.15%, 6/25/26 |  | 200000 | 201438 |
| Lowe's Cos., Inc., 3.10%, 5/3/27 |  | 210000 | 205342 |
|  |  |  | 406780 |
| **Technology Hardware, Storage and Peripherals — 0.1%** |  |  |  |
| Apple, Inc., 4.00%, 5/12/28 |  | 205000 | 205061 |
| **TOTAL CORPORATE BONDS**<br>(Cost $13,898,371) |  |  | **13692509** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 4.3%** |  |  |  |
| **Australia — 0.1%** |  |  |  |
| Australia Government Bonds, 3.00%, 3/21/47 | AUD | 505000 | 243579 |
| **Austria — 0.7%** |  |  |  |
| Republic of Austria Government Bonds, 3.45%, 10/20/30<sup>(6)</sup> | EUR | 1700000 | 2027568 |
| **Belgium — 0.3%** |  |  |  |
| Kingdom of Belgium Government Bonds, 2.85%, 10/22/34<sup>(6)</sup> | EUR | 800000 | 892777 |
| Kingdom of Belgium Government Bonds, 4.25%, 3/28/41<sup>(6)</sup> | EUR | 47000 | 57339 |
|  |  |  | 950116 |
| **Brazil — 0.1%** |  |  |  |
| Brazil Government International Bonds, 6.625%, 3/15/35 |  | $257000 | 258597 |
| **Canada — 0.1%** |  |  |  |
| Province of Quebec, 5.75%, 12/1/36 | CAD | 325000 | 267391 |
| Province of Quebec, 5.00%, 12/1/41 | CAD | 33000 | 25163 |
| Province of Quebec, 3.50%, 12/1/48 | CAD | 102000 | 61544 |
|  |  |  | 354098 |
| **China — 0.7%** |  |  |  |
| China Government Bonds, 3.39%, 3/16/50 | CNY | 10340000 | 1819317 |
| **Colombia — 0.3%** |  |  |  |
| Colombia Government International Bonds, 3.25%, 4/22/32 |  | $900000 | 733275 |
| **Indonesia — 0.1%** |  |  |  |
| Indonesia Treasury Bonds, 7.00%, 2/15/33 | IDR | 6500000000 | 406194 |
| **Japan — 0.3%** |  |  |  |
| Japan Government Thirty Year Bonds, 1.40%, 12/20/45 | JPY | 11400000 | 61678 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| Japan Government Thirty Year Bonds, 1.40%, 3/20/53 | JPY | 72800000 | $339389 |
| Japan Government Thirty Year Bonds, 1.20%, 6/20/53 | JPY | 81500000 | 358079 |
| Japan Government Thirty Year Bonds, 1.80%, 9/20/53 | JPY | 35600000 | 182245 |
|  |  |  | 941391 |
| **Luxembourg — 0.2%** |  |  |  |
| Eagle Funding Luxco SARL, 5.50%, 8/17/30<sup>(6)(9)</sup> |  | $504000 | 506898 |
| **Malaysia — 0.1%** |  |  |  |
| Malaysia Government Bonds, 3.83%, 7/5/34 | MYR | 1500000 | 362908 |
| **New Zealand — 0.7%** |  |  |  |
| New Zealand Government Bonds, 4.50%, 5/15/35 | NZD | 3090000 | 1817900 |
| **Poland — 0.2%** |  |  |  |
| Republic of Poland Government Bonds, 1.75%, 4/25/32 | PLN | 2000000 | 431341 |
| **Saudi Arabia — 0.3%** |  |  |  |
| Saudi Government International Bonds, 3.375%, 3/5/32<sup>(6)</sup> | EUR | 750000 | 860367 |
| **South Africa — 0.1%** |  |  |  |
| Republic of South Africa Government Bonds, 8.50%, 1/31/37 | ZAR | 4000000 | 195218 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $11,937,992) |  |  | **11908767** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 3.7%** |  |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 3.6%** |  |  |  |
| Angel Oak Mortgage Trust, Series 2025-6, Class A3, 5.92%, 4/25/70<sup>(6)</sup> |  | $270199 | 270261 |
| BRAVO Residential Funding Trust, Series 2024-NQM5, Class A3, 6.16%, 6/25/64<sup>(6)</sup> |  | 275543 | 276276 |
| COLT Funding LLC, Series 2025-1, Class A3, 6.08%, 1/25/70<sup>(6)</sup> |  | 489097 | 490072 |
| COLT Mortgage Loan Trust, Series 2021-3, Class M1, VRN, 2.30%, 9/27/66<sup>(6)</sup> |  | 700000 | 466724 |
| COLT Mortgage Loan Trust, Series 2022-9, Class A1, 6.79%, 12/25/67<sup>(6)</sup> |  | 227100 | 227349 |
| COLT Mortgage Loan Trust, Series 2025-6, Class A3, 5.89%, 8/25/70<sup>(6)</sup> |  | 500000 | 499957 |
| Ellington Financial Mortgage Trust, Series 2022-4, Class A3, 5.90%, 9/25/67<sup>(6)</sup> |  | 163800 | 163985 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ1, Class A15, VRN, 6.00%, 6/25/54<sup>(6)</sup> |  | 201286 | 201881 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ5, Class A5, VRN, 5.50%, 10/25/55<sup>(6)</sup> |  | 367355 | 366353 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, VRN, 6.00%, 11/25/55<sup>(6)</sup> |  | 373032 | 375851 |
| JP Morgan Mortgage Trust, Series 2014-5, Class A1, VRN, 2.61%, 10/25/29<sup>(6)</sup> |  | 16057 | 15728 |
| JP Morgan Mortgage Trust, Series 2024-1, Class A4, SEQ, VRN, 6.00%, 6/25/54<sup>(6)</sup> |  | 411313 | 413411 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A4, VRN, 6.00%, 6/25/55<sup>(6)</sup> |  | 322995 | 325550 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A9, VRN, 6.15%, 6/25/55<sup>(6)</sup> |  | 320856 | 323013 |
| JP Morgan Mortgage Trust, Series 2024-2, Class A3, VRN, 6.00%, 8/25/54<sup>(6)</sup> |  | 270751 | 272371 |
| JP Morgan Mortgage Trust, Series 2024-6, Class A9A, VRN, 6.00%, 12/25/54<sup>(6)</sup> |  | 557371 | 558895 |
| JP Morgan Mortgage Trust, Series 2025-NQM1, Class A3, 5.97%, 6/25/65<sup>(6)</sup> |  | 234643 | 235031 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2023-2, Class A4, VRN, 6.00%, 6/25/53<sup>(6)</sup> |  | 622543 | 623151 |
| Provident Funding Mortgage Trust, Series 2025-2, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(6)</sup> |  | 472100 | 470342 |
| PRPM Trust, Series 2022-NQM1, Class A3, 5.50%, 8/25/67<sup>(6)</sup> |  | 500896 | 498100 |
| Radian Mortgage Capital Trust, Series 2025-J2, Class A15, VRN, 5.50%, 11/25/55<sup>(6)</sup> |  | 626204 | 625476 |
| Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55<sup>(6)</sup> |  | 549162 | 552864 |
| Sequoia Mortgage Trust, Series 2023-4, Class A10, SEQ, VRN, 6.00%, 11/25/53<sup>(6)</sup> |  | 291750 | 291817 |
| Sequoia Mortgage Trust, Series 2024-2, Class A4, VRN, 6.00%, 3/25/54<sup>(6)</sup> |  | 376552 | 378735 |
| Sequoia Mortgage Trust, Series 2024-6, Class A11, SEQ, VRN, 6.00%, 7/27/54<sup>(6)</sup> |  | 456817 | 458060 |
| SoFi Mortgage Trust, Series 2016-1A, Class 1A4, SEQ, VRN, 3.00%, 11/25/46<sup>(6)</sup> |  | 10344 | 9212 |
| Verus Securitization Trust, Series 2025-6, Class A2, 5.67%, 7/25/70<sup>(6)</sup> |  | 675000 | 675145 |
|  |  |  | 10065610 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.1%** |  |  |  |
| FNMA, Series 2024-R01, Class 1M1, VRN, 5.40%, (30-day average SOFR plus 1.05%), 1/25/44<sup>(6)</sup> |  | 175422 | 175441 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $10,476,475) |  |  | **10241051** |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
|<br>**COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.9%** | **Shares/Principal<br>Amount** | **Value** |
| BX Trust, Series 2023-LIFE, Class A, SEQ, 5.05%, 2/15/28<sup>(6)</sup> | $428000 | $420746 |
| Credit Suisse Mortgage Trust, Series 2021-BHAR, Class A, VRN, 5.61%, (1-month SOFR plus 1.26%), 11/15/38<sup>(6)</sup> | 397000 | 396186 |
| DBSG Mortgage Trust, Series 2024-ALTA, Class A, SEQ, VRN, 5.95%, 6/10/37<sup>(6)</sup> | 396000 | 401156 |
| NJ Trust, Series 2023-GSP, Class A, SEQ, VRN, 6.48%, 1/6/29<sup>(6)</sup> | 397000 | 416588 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, VRN, 5.78%, (1-month SOFR plus 1.44%), 2/15/42<sup>(6)</sup> | 461000 | 459418 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 5.94%, 3/15/40<sup>(6)</sup> | 323000 | 324024 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $2,417,524) |  | **2418118** |
| **COLLATERALIZED LOAN OBLIGATIONS — 0.9%** |  |  |
| ARES XLVII CLO Ltd., Series 2018-47A, Class C, VRN, 6.33%, (3-month SOFR plus 2.01%), 4/15/30<sup>(6)</sup> | 250000 | 251043 |
| Carlyle Global Market Strategies CLO Ltd., Series 2012-4A, Class CR4, VRN, 6.43%, (3-month SOFR plus 2.10%), 4/22/32<sup>(6)</sup> | 750000 | 752670 |
| Cook Park CLO Ltd., Series 2018-1A, Class C, VRN, 6.33%, (3-month SOFR plus 2.01%), 4/17/30<sup>(6)</sup> | 750000 | 752719 |
| KKR CLO 18 Ltd., Series 2018, Class CR, VRN, 6.69%, (3-month SOFR plus 2.36%), 7/18/30<sup>(6)</sup> | 250000 | 251036 |
| Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 6.68%, (3-month SOFR plus 2.36%), 1/25/32<sup>(6)</sup> | 350000 | 351301 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $2,344,536) |  | **2358769** |
| **ASSET-BACKED SECURITIES — 0.6%** |  |  |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46<sup>(6)</sup> | 214001 | 200242 |
| FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 8/17/37<sup>(6)</sup> | 400000 | 398023 |
| Textainer Marine Containers VII Ltd., Series 2020-1A, Class A, SEQ, 2.73%, 8/21/45<sup>(6)</sup> | 136123 | 129902 |
| Trinity Rail Leasing LLC, Series 2018-1A, Class A2, SEQ, 4.62%, 6/17/48<sup>(6)</sup> | 406000 | 398928 |
| Trinity Rail Leasing LLC, Series 2020-1A, Class A, SEQ, 1.96%, 10/17/50<sup>(6)</sup> | 100212 | 94075 |
| Triton Container Finance VIII LLC, Series 2020-1A, Class A, SEQ, 2.11%, 9/20/45<sup>(6)</sup> | 144935 | 134632 |
| USQ Rail I LLC, Series 2021-2A, Class B, SEQ, 2.98%, 2/28/51<sup>(6)</sup> | 269000 | 250077 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $1,620,604) |  | **1605879** |
| **MUNICIPAL SECURITIES — 0.4%** |  |  |
| New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | 9000 | 10297 |
| New York City GO, 6.27%, 12/1/37 | 40000 | 42692 |
| North Dakota Housing Finance Agency Rev., VRDN, 4.35%, 8/7/25 (SBBPA: Royal Bank of Canada) | 750000 | 750000 |
| Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51 | 50000 | 45860 |
| Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 125000 | 78608 |
| State of California GO, 4.60%, 4/1/28, Prerefunded at 100% of Par<sup>(10)</sup> | 40000 | 40466 |
| State of California GO, 7.60%, 11/1/40 | 65000 | 78110 |
| Texas Natural Gas Securitization Finance Corp. Rev., SEQ, 5.17%, 4/1/41 | 30000 | 30417 |
| **TOTAL MUNICIPAL SECURITIES**<br>(Cost $1,126,937) |  | **1076450** |
| **PREFERRED SECURITIES — 0.2%** |  |  |
| **Automobiles — 0.1%** |  |  |
| Volkswagen International Finance NV, 3.875% | 300000 | 333931 |
| **Oil, Gas and Consumable Fuels — 0.1%** |  |  |
| Eni SpA, 3.375% | 300000 | 337690 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $805,486) |  | **671621** |
| **EXCHANGE-TRADED FUNDS — 0.1%** |  |  |
| iShares Core S&P 500 ETF | 391 | 248246 |
| iShares MSCI EAFE Small-Cap ETF | 12 | 869 |
| iShares Russell Mid-Cap Value ETF<sup>(3)</sup> | 1175 | 158120 |
| **TOTAL EXCHANGE-TRADED FUNDS**<br>(Cost $384,398) |  | **407235** |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
|<br>**CONVERTIBLE PREFERRED SECURITIES — 0.1%** | **Shares/Principal<br>Amount** | **Value** |
| **Insurance — 0.1%** | | |
| Allianz SE, 2.625%<br>(Cost $245,123) | 200000 | $**203488** |
| **SHORT-TERM INVESTMENTS — 8.6%** |  |  |
| **Certificates of Deposit — 1.0%** |  |  |
| Bank of Montreal, VRN, 4.62%, (SOFR plus 0.30%), 3/20/26<sup>(6)</sup> | $1000000 | 1000247 |
| Toronto-Dominion Bank, 4.39%, 1/23/26<sup>(6)</sup> | 1800000 | 1800000 |
|  |  | 2800247 |
| **Commercial Paper**<sup>(11)</sup> **— 2.2%** |  |  |
| Aquitaine Funding Co. LLC, VRN, 4.69%, 2/13/26<sup>(6)</sup> | 1500000 | 1500712 |
| Bank of Montreal, VRN, 4.65%, (SOFR plus 0.26%), 11/26/25<sup>(6)</sup> | 2500001 | 2500314 |
| Endeavour Funding Co. LLC, VRN, 4.58%, 11/12/25 (LOC: HSBC Bank PLC)<sup>(6)</sup> | 1000000 | 1000165 |
| Endeavour Funding Co. LLC, VRN, 4.62%, 1/6/26 (LOC: HSBC Bank PLC)<sup>(6)</sup> | 1250000 | 1250374 |
|  |  | 6251565 |
| **Money Market Funds — 4.3%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 10109593 | 10109593 |
| State Street Navigator Securities Lending Government Money Market Portfolio<sup>(12)</sup> | 1746235 | 1746235 |
|  |  | 11855828 |
| **Treasury Bills**<sup>(11)</sup> **— 1.1%** |  |  |
| U.S. Treasury Bills, 4.42%, 8/21/25 | $1000000 | 997616 |
| U.S. Treasury Bills, 4.52%, 8/26/25 | 2000000 | 1994038 |
|  |  | 2991654 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $23,897,351) |  | **23899294** |
| **TOTAL INVESTMENT SECURITIES — 103.8%**<br>(Cost $249,288,661) |  | **287377046** |
| **OTHER ASSETS AND LIABILITIES — (3.8)%** |  | **(10539463)** |
| **TOTAL NET ASSETS — 100.0%** |  | $**276837583** |

---

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized Appreciation (Depreciation)** |
| AUD | 283136 | USD | 184171 | JPMorgan Chase Bank NA | 9/17/25 | $(2067) |
| USD | 435761 | AUD | 666417 | Citibank NA | 9/17/25 | 7145 |
| BRL | 1138277 | USD | 199986 | Goldman Sachs & Co. LLC | 9/17/25 | 1035 |
| USD | 201260 | BRL | 1138277 | Citibank NA | 9/17/25 | 239 |
| CAD | 684000 | USD | 502739 | Morgan Stanley & Co. LLC | 9/17/25 | (7956) |
| CAD | 16873 | USD | 12370 | Citibank NA | 9/26/25 | (159) |
| CAD | 1502 | USD | 1102 | Citibank NA | 9/26/25 | (15) |
| USD | 885045 | CAD | 1199665 | Citibank NA | 9/17/25 | 17246 |
| USD | 55853 | CAD | 76639 | Citibank NA | 9/26/25 | 390 |
| USD | 1009 | CAD | 1364 | Citibank NA | 9/26/25 | 21 |
| USD | 1727 | CAD | 2340 | Citibank NA | 9/26/25 | 33 |
| USD | 1048 | CAD | 1430 | Citibank NA | 9/26/25 | 13 |
| USD | 1107 | CAD | 1509 | Citibank NA | 9/26/25 | 14 |
| USD | 1153 | CAD | 1576 | Citibank NA | 9/26/25 | 13 |
| CLP | 46758434 | USD | 49794 | Morgan Stanley & Co. LLC | 9/17/25 | (1717) |
| USD | 47826 | CLP | 46758434 | Goldman Sachs & Co. LLC | 9/17/25 | (252) |
| CNY | 11166655 | USD | 1559807 | Morgan Stanley & Co. LLC | 8/5/25 | (6413) |
| USD | 1563300 | CNY | 11166655 | JPMorgan Chase Bank NA | 8/5/25 | 9907 |
| USD | 1812984 | CNY | 12973712 | Morgan Stanley & Co. LLC | 9/4/25 | 380 |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized Appreciation (Depreciation)** |
| COP | 400413700 | USD | 94775 | Citibank NA | 9/17/25 | $465 |
| USD | 95473 | COP | 400413701 | Bank of America NA | 9/17/25 | 232 |
| CZK | 2986442 | USD | 137974 | Goldman Sachs & Co. LLC | 9/17/25 | 848 |
| USD | 138986 | CZK | 2986442 | UBS AG | 9/17/25 | 165 |
| EUR | 55578 | USD | 63736 | JPMorgan Chase Bank NA | 9/17/25 | (125) |
| EUR | 1696 | USD | 2011 | Goldman Sachs & Co. LLC | 9/26/25 | (69) |
| EUR | 13347 | USD | 15549 | Goldman Sachs & Co. LLC | 9/26/25 | (263) |
| EUR | 3140 | USD | 3658 | Goldman Sachs & Co. LLC | 9/26/25 | (62) |
| EUR | 13728 | USD | 16091 | JPMorgan Chase Bank NA | 9/26/25 | (370) |
| EUR | 8377 | USD | 9843 | Morgan Stanley & Co. LLC | 9/26/25 | (250) |
| EUR | 653 | USD | 767 | Morgan Stanley & Co. LLC | 9/26/25 | (19) |
| EUR | 1216 | USD | 1437 | Morgan Stanley & Co. LLC | 9/26/25 | (44) |
| EUR | 18057 | USD | 20712 | Morgan Stanley & Co. LLC | 9/26/25 | (33) |
| USD | 62953 | EUR | 53201 | Citibank NA | 9/17/25 | 2063 |
| USD | 6264850 | EUR | 5369210 | Morgan Stanley & Co. LLC | 9/17/25 | 119640 |
| USD | 153743 | EUR | 132524 | Goldman Sachs & Co. LLC | 9/26/25 | 1975 |
| USD | 13846 | EUR | 11935 | Goldman Sachs & Co. LLC | 9/26/25 | 178 |
| USD | 153800 | EUR | 132524 | JPMorgan Chase Bank NA | 9/26/25 | 2032 |
| USD | 13851 | EUR | 11935 | JPMorgan Chase Bank NA | 9/26/25 | 183 |
| USD | 153611 | EUR | 132524 | Morgan Stanley & Co. LLC | 9/26/25 | 1843 |
| USD | 13835 | EUR | 11935 | Morgan Stanley & Co. LLC | 9/26/25 | 166 |
| USD | 3276 | EUR | 2800 | Morgan Stanley & Co. LLC | 9/26/25 | 69 |
| USD | 20569 | EUR | 17505 | Morgan Stanley & Co. LLC | 9/26/25 | 523 |
| USD | 1015 | EUR | 868 | Morgan Stanley & Co. LLC | 9/26/25 | 21 |
| USD | 1115 | EUR | 954 | Morgan Stanley & Co. LLC | 9/26/25 | 23 |
| USD | 23819 | EUR | 20178 | Morgan Stanley & Co. LLC | 9/26/25 | 711 |
| USD | 18057 | EUR | 15285 | Morgan Stanley & Co. LLC | 9/26/25 | 552 |
| USD | 1174 | EUR | 1013 | Morgan Stanley & Co. LLC | 9/26/25 | 14 |
| USD | 153731 | EUR | 132524 | UBS AG | 9/26/25 | 1963 |
| USD | 13845 | EUR | 11935 | UBS AG | 9/26/25 | 177 |
| GBP | 100000 | USD | 134434 | JPMorgan Chase Bank NA | 9/17/25 | (2312) |
| GBP | 590520 | USD | 790059 | Morgan Stanley & Co. LLC | 9/17/25 | (9855) |
| GBP | 6678 | USD | 8840 | Bank of America NA | 9/26/25 | (16) |
| USD | 1028515 | GBP | 755099 | Morgan Stanley & Co. LLC | 9/17/25 | 30865 |
| USD | 37626 | GBP | 27425 | Morgan Stanley & Co. LLC | 9/17/25 | 1392 |
| USD | 99567 | GBP | 74344 | Bank of America NA | 9/26/25 | 1334 |
| USD | 9681 | GBP | 7061 | Bank of America NA | 9/26/25 | 351 |
| USD | 11542 | GBP | 8597 | Bank of America NA | 9/26/25 | 182 |
| USD | 99583 | GBP | 74344 | Citibank NA | 9/26/25 | 1350 |
| USD | 99604 | GBP | 74344 | Goldman Sachs & Co. LLC | 9/26/25 | 1371 |
| HUF | 21433504 | USD | 60798 | Goldman Sachs & Co. LLC | 9/17/25 | 219 |
| USD | 61110 | HUF | 21433504 | Goldman Sachs & Co. LLC | 9/17/25 | 93 |
| USD | 276376 | IDR | 4567974012 | Citibank NA | 9/17/25 | (104) |
| USD | 138588 | IDR | 2261757814 | Goldman Sachs & Co. LLC | 9/17/25 | 1694 |
| INR | 23205841 | USD | 270038 | Bank of America NA | 9/17/25 | (5490) |
| USD | 264297 | INR | 23205841 | Citibank NA | 9/17/25 | (251) |
| USD | 844123 | JPY | 119741425 | Morgan Stanley & Co. LLC | 9/17/25 | 46185 |
| USD | 60834 | JPY | 8661704 | Morgan Stanley & Co. LLC | 9/17/25 | 3114 |
| USD | 152447 | JPY | 22594387 | Morgan Stanley & Co. LLC | 9/17/25 | 1881 |
| USD | 81227 | JPY | 12133731 | Morgan Stanley & Co. LLC | 9/17/25 | 370 |
| MXN | 13072447 | USD | 690273 | JPMorgan Chase Bank NA | 9/17/25 | (590) |
| USD | 391810 | MXN | 7543194 | Bank of America NA | 9/17/25 | (6158) |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized Appreciation (Depreciation)** |
| USD | 292283 | MXN | 5529254 | Goldman Sachs & Co. LLC | 9/17/25 | $567 |
| MYR | 368970 | USD | 87673 | Goldman Sachs & Co. LLC | 9/17/25 | (1120) |
| MYR | 802303 | USD | 189000 | Morgan Stanley & Co. LLC | 9/17/25 | (797) |
| USD | 366891 | MYR | 1543144 | Morgan Stanley & Co. LLC | 9/17/25 | 4903 |
| USD | 272736 | MYR | 1164584 | Morgan Stanley & Co. LLC | 9/17/25 | (450) |
| NOK | 1479871 | USD | 143426 | Citibank NA | 9/17/25 | (246) |
| USD | 146685 | NOK | 1460357 | Citibank NA | 9/17/25 | 5394 |
| USD | 1355769 | NZD | 2241007 | Citibank NA | 9/17/25 | 33525 |
| USD | 512326 | NZD | 842391 | Morgan Stanley & Co. LLC | 9/17/25 | 15296 |
| PEN | 177605 | USD | 48824 | Bank of America NA | 9/17/25 | 549 |
| USD | 49691 | PEN | 177605 | Morgan Stanley & Co. LLC | 9/17/25 | 318 |
| PLN | 759434 | USD | 203388 | Bank of America NA | 9/17/25 | (887) |
| USD | 196242 | PLN | 734757 | Morgan Stanley & Co. LLC | 9/17/25 | 322 |
| USD | 448624 | PLN | 1629000 | UBS AG | 9/17/25 | 14257 |
| RON | 390772 | USD | 88057 | JPMorgan Chase Bank NA | 9/17/25 | (412) |
| USD | 87776 | RON | 390772 | Citibank NA | 9/17/25 | 132 |
| THB | 9492708 | USD | 291847 | UBS AG | 9/17/25 | (364) |
| USD | 57293 | THB | 1858724 | Citibank NA | 9/17/25 | 219 |
| USD | 233778 | THB | 7633984 | Morgan Stanley & Co. LLC | 9/17/25 | (630) |
| TRY | 1297887 | USD | 30048 | Citibank NA | 9/17/25 | 709 |
| USD | 30658 | TRY | 1297887 | Goldman Sachs & Co. LLC | 9/17/25 | (99) |
| USD | 205463 | ZAR | 3650683 | Goldman Sachs & Co. LLC | 9/17/25 | 5661 |
| USD | 202044 | ZAR | 3677402 | Goldman Sachs & Co. LLC | 9/17/25 | 780 |
| ZAR | 3636500 | USD | 204033 | Bank of America NA | 9/17/25 | (5008) |
|  |  |  |  |  |  | $288709 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| Canadian 10-Year Government Bonds | 11 | September 2025 | $956784 | $6364 |
| Euro-Bund 10-Year Bonds | 15 | September 2025 | 2220204 | (11987) |
| Euro-OAT 10-Year Bonds | 10 | September 2025 | 1406985 | (17477) |
| Japanese 10-Year Government Bonds | 3 | September 2025 | 2745955 | (15404) |
| U.K. Gilt 10-Year Bonds | 32 | September 2025 | 3894755 | 35891 |
| U.S. Treasury 5-Year Notes | 44 | September 2025 | 4759562 | (2588) |
|  |  |  | $15984245 | $(5201) |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 35 | September 2025 | $7244453 | $2861 |
| U.S. Treasury 10-Year Notes | 13 | September 2025 | 1443813 | (6658) |
| U.S. Treasury 10-Year Ultra Notes | 34 | September 2025 | 3844656 | (9739) |
|  |  |  | $12532922 | $(13536) |

---

^Amount represents value and unrealized appreciation (depreciation).

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** |
| **Reference Entity** | **Type**<sup>‡</sup> | **Fixed Rate Received<br>(Paid) Quarterly** | **Termination<br>Date** | | **Notional<br>Amount** | **Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Value^** |
| Markit iTraxx Europe Senior Financial Index Series 42 | Sell | 1.00% | 12/20/29 | EUR | 2500000 | $45118 | $18375 | $63493 |

---

‡The maximum potential amount the fund could be required to deliver as a seller of credit protection if a credit event occurs as defined under the terms of the agreement is the notional amount. The maximum potential amount may be partially offset by any recovery values of the reference entities and upfront payments received upon entering into the agreement.

^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| ADR | – | American Depositary Receipt |
| AUD | – | Australian Dollar |
| BRL | – | Brazilian Real |
| CAD | – | Canadian Dollar |
| CLP | – | Chilean Peso |
| CNY | – | Chinese Yuan |
| COP | – | Colombian Peso |
| CVA | – | Certificaten Van Aandelen |
| CZK | – | Czech Koruna |
| EUR | – | Euro |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| GBP | – | British Pound |
| GDR | – | Global Depositary Receipt |
| GNMA | – | Government National Mortgage Association |
| GO | – | General Obligation |
| HUF | – | Hungarian Forint |
| IDR | – | Indonesian Rupiah |
| INR | – | Indian Rupee |
| JPY | – | Japanese Yen |
| LOC | – | Letter of Credit |
| MXN | – | Mexican Peso |
| MYR | – | Malaysian Ringgit |
| NOK | – | Norwegian Krone |
| NZD | – | New Zealand Dollar |
| PEN | – | Peruvian Sol |
| PLN | – | Polish Zloty |
| RON | – | Romanian New Leu |
| SBBPA | – | Standby Bond Purchase Agreement |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| TBA | – | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. |
| THB | – | Thai Baht |
| TRY | – | Turkish Lira |
| UMBS | – | Uniform Mortgage-Backed Securities |
| USD | – | United States Dollar |
| VRDN | – | Variable Rate Demand Note. The instrument may be payable upon demand and adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The date of the demand feature is disclosed. |

---

------

Schedule of Investments - Strategic Allocation: Conservative Fund

---

| | | |
|:---|:---|:---|
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
| ZAR | – | South African Rand |

---

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.

(2)Non-income producing.

(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $2,114,412. 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.

(4)Security may be subject to resale, redemption or transferability restrictions.

(5)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $705,963.

(6)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $31,535,732, which represented 11.4% of total net assets.

(7)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

(8)Restricted security that may not be offered for public sale without being registered with the Securities and Exchange Commission and/or may be subject to resale, redemption or transferability restrictions. The aggregate value of these securities at the period end was $3,000,000, which represented 1.1% of total net assets.

(9)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(10)Escrowed to maturity in U.S. government securities or state and local government securities.

(11)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.

(12)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $2,186,337, which includes securities collateral of $440,102.

**AFFILIATED FUND TRANSACTIONS**

A summary of transactions for each affiliated fund for the period ended July 31, 2025 follows (amounts in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Fund**<sup>(1)</sup> | **Beginning Value** | **Purchase <br>Cost** | **Sales <br>Cost** | **Change in Net Unrealized Appreciation (Depreciation)** | **Ending <br>Value** | **Ending <br>Shares** | **Net Realized <br>Gain (Loss)** | **Distributions <br>Received**<sup>(2)</sup> |
| American Century Diversified Corporate Bond ETF | $18307 |  | $3331 | $211 | $15187 | 324 | $(301) | $806 |
| American Century Focused Dynamic Growth ETF<sup>(3)</sup> | 5977 | $107 | 1481 | 509 | 5112 | 45 | 931 |  |
| American Century Focused Large Cap Value ETF | 5765 | 218 | 1023 | 1 | 4961 | 70 | 396 | 101 |
| American Century Multisector Income ETF | 16562 |  | 1566 | 201 | 15197 | 347 | (199) | 957 |
| American Century Quality Diversified International ETF | 8882 | 418 | 1254 | 985 | 9031 | 157 | 264 | 240 |
| American Century Short Duration Strategic Income ETF | 1634 |  |  |  | 1634 | 32 |  | 88 |
| American Century U.S. Quality Growth ETF | 15553 | 774 | 4600 | 143 | 11870 | 109 | 3275 | 34 |
| American Century U.S. Quality Value ETF | 18422 | 1437 | 5625 | (563) | 13671 | 223 | 1424 | 275 |
| Avantis International Equity ETF | 4169 | 6495 | 4251 | 669 | 7082 | 97 | 32 | 220 |
| Avantis International Small Cap Value ETF<sup>(4)</sup> | 1689 | 98 | 370 | 157 | 1574 | 20 | 114 | 65 |
| Avantis U.S. Equity ETF | 14198 | 4260 | 6855 | (365) | 11238 | 109 | 1755 | 175 |
| Avantis U.S. Small Cap Value ETF | 3347 | 548 | 451 | (752) | 2692 | 29 | 493 | 44 |
| American Century Emerging Markets Bond ETF | 6061 |  | 7025 | 964 |  |  | (897) | 71 |
|  | $120566 | $14355 | $37832 | $2160 | $99249 | 1562 | $7287 | $3076 |

---

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds. Additional information and attributes of each affiliated fund are available at americancentury.com or avantisinvestors.com.

(2)Distributions received includes distributions from net investment income and from capital gains, if any.

(3)Non-income producing.

(4)Security, or a portion thereof, is on loan.

------

Schedule of Investments - Strategic Allocation: Conservative Fund

**FAIR VALUE MEASUREMENTS**

The following is a summary of the fund's valuation inputs as of period end.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| **Investment Securities** | | | |
| Affiliated Funds | $99248924 |  |  |
| Common Stocks | 41379614 | $13865843 |  |
| U.S. Treasury Securities |  | 41997058 |  |
| U.S. Government Agency Mortgage-Backed Securities |  | 22402426 |  |
| Corporate Bonds |  | 13692509 |  |
| Sovereign Governments and Agencies |  | 11908767 |  |
| Collateralized Mortgage Obligations |  | 10241051 |  |
| Commercial Mortgage-Backed Securities |  | 2418118 |  |
| Collateralized Loan Obligations |  | 2358769 |  |
| Asset-Backed Securities |  | 1605879 |  |
| Municipal Securities |  | 1076450 |  |
| Preferred Securities |  | 671621 |  |
| Exchange-Traded Funds | 407235 |  |  |
| Convertible Preferred Securities |  | 203488 |  |
| Short-Term Investments | 11855828 | 12043466 |  |
|  | $152891601 | $134485445 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $2861 | $42255 |  |
| Swap Agreements |  | 63493 |  |
| Forward Foreign Currency Exchange Contracts |  | 343312 |  |
|  | $2861 | $449060 |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $18985 | $44868 |  |
| Forward Foreign Currency Exchange Contracts |  | 54603 |  |
|  | $18985 | $99471 |  |

---

**DERIVATIVE INSTRUMENTS**

As of period end, the value of derivative instruments located on the Statement of Assets and Liabilities were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit Risk** | **Foreign Currency Risk** | **Interest Rate Risk** | **Total** |
| **Asset Derivatives:** | | | | |
| &nbsp;&nbsp;Receivable for variation margin on futures contracts\* |  |  | $18092 | $18092 |
| &nbsp;&nbsp;Unrealized appreciation on forward foreign currency exchange contracts |  | $343312 |  | 343312 |
|  |  |  |  | $361404 |
| **Liability Derivatives:** |  |  |  |  |
| &nbsp;&nbsp;Payable for variation margin on swap agreements\* | $979 |  |  | $979 |
| &nbsp;&nbsp;Unrealized depreciation on forward foreign currency exchange contracts |  | $54603 |  | 54603 |
|  |  |  |  | $55582 |

---

\*Included in the unrealized appreciation (depreciation) on futures contracts or centrally cleared swap agreements, as applicable, as reported in the Schedule of Investments.

------

Schedule of Investments - Strategic Allocation: Conservative Fund

The following is a summary of the effect of derivative instruments on the Statement of Operations for the period ended July 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit Risk** | **Foreign Currency Risk** | **Interest Rate Risk** | **Total** |
| **Net realized gain (loss) on:** | | | | |
| &nbsp;&nbsp;Forward foreign currency exchange transactions |  | $(412634) |  | $(412634) |
| &nbsp;&nbsp;Futures contract transactions |  |  | $222256 | 222256 |
| &nbsp;&nbsp;Swap agreement transactions | $(135742) |  |  | (135742) |
|  |  |  |  | $(326120) |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |  |  |
| &nbsp;&nbsp;Forward foreign currency exchange contracts |  | $418873 |  | $418873 |
| &nbsp;&nbsp;Futures contracts |  |  | $(454839) | (454839) |
| &nbsp;&nbsp;Swap agreements | $149824 |  |  | 149824 |
|  |  |  |  | $113858 |

---

See Notes to Financial Statements.

------

Schedule of Investments - Strategic Allocation: Moderate Fund

**JULY 31, 2025**

---

| | | |
|:---|:---|:---|
|<br>**AFFILIATED FUNDS**<sup>(1)</sup> **— 45.7%** | **Shares/Principal<br>Amount** | **Value** |
| American Century Diversified Corporate Bond ETF | 609783 | $28574431 |
| American Century Focused Dynamic Growth ETF<sup>(2)</sup> | 223589 | 25533685 |
| American Century Focused Large Cap Value ETF | 347070 | 24733735 |
| American Century Multisector Income ETF | 812544 | 35630054 |
| American Century Quality Diversified International ETF | 555632 | 31932171 |
| American Century Short Duration Strategic Income ETF | 89869 | 4618368 |
| American Century U.S. Quality Growth ETF<sup>(3)</sup> | 324646 | 35503287 |
| American Century U.S. Quality Value ETF<sup>(3)</sup> | 580384 | 35626872 |
| Avantis Emerging Markets Equity ETF<sup>(3)</sup> | 436496 | 30192428 |
| Avantis International Equity ETF<sup>(3)</sup> | 316277 | 23192593 |
| Avantis International Small Cap Value ETF<sup>(3)</sup> | 105246 | 8421785 |
| Avantis U.S. Equity ETF | 421948 | 43502839 |
| Avantis U.S. Small Cap Value ETF | 112673 | 10412112 |
| **TOTAL AFFILIATED FUNDS**<br>(Cost $230,871,370) |  | **337874360** |
| **COMMON STOCKS — 27.5%** |  |  |
| **Aerospace and Defense — 0.6%** |  |  |
| AAR Corp.<sup>(2)</sup> | 1461 | 109151 |
| Airbus SE | 2070 | 416184 |
| ATI, Inc.<sup>(2)</sup> | 1448 | 111409 |
| Axon Enterprise, Inc.<sup>(2)</sup> | 889 | 671631 |
| Babcock International Group PLC | 6499 | 89103 |
| Chemring Group PLC | 5376 | 38934 |
| Curtiss-Wright Corp. | 766 | 375509 |
| Exosens SAS | 1238 | 57832 |
| HEICO Corp. | 1284 | 419611 |
| Hexcel Corp. | 6921 | 414637 |
| Howmet Aerospace, Inc. | 5798 | 1042306 |
| L3Harris Technologies, Inc. | 2093 | 575198 |
| Rheinmetall AG | 149 | 294945 |
|  |  | 4616450 |
| **Air Freight and Logistics — 0.1%** |  |  |
| Cargojet, Inc.<sup>(3)</sup> | 883 | 63045 |
| Deutsche Post AG | 7092 | 317762 |
| FedEx Corp. | 671 | 149962 |
|  |  | 530769 |
| **Automobile Components — 0.2%** |  |  |
| BorgWarner, Inc. | 7085 | 260728 |
| Cie Generale des Etablissements Michelin SCA | 5790 | 205988 |
| Continental AG | 5173 | 441829 |
| Gentex Corp. | 7646 | 202007 |
| Hyundai Mobis Co. Ltd. | 1895 | 399882 |
| Linamar Corp. | 4015 | 194143 |
|  |  | 1704577 |
| **Automobiles — 0.3%** |  |  |
| Bayerische Motoren Werke AG | 5051 | 480610 |
| Ferrari NV | 966 | 423598 |
| Kia Corp. | 2660 | 194634 |
| Mercedes-Benz Group AG | 6404 | 362596 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Tesla, Inc.<sup>(2)</sup> | 2029 | $625480 |
|  |  | 2086918 |
| **Banks — 1.4%** |  |  |
| Bancorp, Inc.<sup>(2)</sup> | 1836 | 115962 |
| Bank Central Asia Tbk. PT | 772100 | 386973 |
| Bank of America Corp. | 13550 | 640509 |
| Bankinter SA | 4240 | 60523 |
| Barclays PLC | 173252 | 846859 |
| BAWAG Group AG<sup>(2)</sup> | 1090 | 137566 |
| BNP Paribas SA | 2241 | 204330 |
| BPER Banca SpA | 13445 | 132306 |
| Coastal Financial Corp.<sup>(2)</sup> | 647 | 62241 |
| Commerce Bancshares, Inc. | 10783 | 659920 |
| Commerzbank AG | 10690 | 389820 |
| First Hawaiian, Inc. | 6917 | 167737 |
| Hana Financial Group, Inc. | 2697 | 164892 |
| HDFC Bank Ltd. | 10651 | 244422 |
| ING Groep NV, Series N | 10562 | 246152 |
| JPMorgan Chase & Co. | 2475 | 733194 |
| Mebuki Financial Group, Inc. | 23200 | 125792 |
| NU Holdings Ltd., Class A<sup>(2)</sup> | 11961 | 146163 |
| PNC Financial Services Group, Inc. | 2300 | 437621 |
| Prosperity Bancshares, Inc. | 6538 | 435562 |
| Rakuten Bank Ltd.<sup>(2)</sup> | 8000 | 372654 |
| Regions Financial Corp. | 21055 | 533323 |
| Societe Generale SA | 20389 | 1301399 |
| Suruga Bank Ltd.<sup>(3)</sup> | 11100 | 102206 |
| Triumph Financial, Inc.<sup>(2)</sup> | 1125 | 63810 |
| Truist Financial Corp. | 15778 | 689656 |
| U.S. Bancorp | 18402 | 827354 |
| Westamerica Bancorporation | 4452 | 213251 |
| Woori Financial Group, Inc. | 9869 | 175107 |
|  |  | 10617304 |
| **Beverages — 0.2%** |  |  |
| Celsius Holdings, Inc.<sup>(2)</sup> | 1929 | 87461 |
| Heineken NV | 3552 | 278802 |
| Lifedrink Co., Inc. | 4400 | 65719 |
| PepsiCo, Inc. | 2482 | 342317 |
| Pernod Ricard SA<sup>(3)</sup> | 3512 | 360924 |
|  |  | 1135223 |
| **Biotechnology — 0.6%** |  |  |
| AbbVie, Inc. | 2152 | 406771 |
| ADMA Biologics, Inc.<sup>(2)</sup> | 6243 | 116744 |
| Alkermes PLC<sup>(2)</sup> | 2050 | 54304 |
| Alnylam Pharmaceuticals, Inc.<sup>(2)</sup> | 1666 | 653472 |
| Arcellx, Inc.<sup>(2)</sup> | 698 | 49830 |
| Arcutis Biotherapeutics, Inc.<sup>(2)</sup> | 3250 | 47385 |
| Argenx SE, ADR<sup>(2)</sup> | 494 | 331143 |
| Biohaven Ltd.<sup>(2)</sup> | 1279 | 19313 |
| Bridgebio Pharma, Inc.<sup>(2)</sup> | 2033 | 96100 |
| Celldex Therapeutics, Inc.<sup>(2)</sup> | 1336 | 29365 |
| Centessa Pharmaceuticals PLC, ADR<sup>(2)</sup> | 2214 | 38014 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Crinetics Pharmaceuticals, Inc.<sup>(2)</sup> | 1301 | $37196 |
| CSL Ltd. | 2447 | 423292 |
| Cytokinetics, Inc.<sup>(2)</sup> | 845 | 31806 |
| Gilead Sciences, Inc. | 2131 | 239290 |
| Grifols SA, Preference Shares | 14292 | 153083 |
| Insmed, Inc.<sup>(2)</sup> | 360 | 38621 |
| Madrigal Pharmaceuticals, Inc.<sup>(2)</sup> | 324 | 98013 |
| Metsera, Inc.<sup>(2)(3)</sup> | 594 | 19596 |
| Mineralys Therapeutics, Inc.<sup>(2)</sup> | 1674 | 23687 |
| Natera, Inc.<sup>(2)</sup> | 3915 | 523279 |
| Newamsterdam Pharma Co. NV<sup>(2)(3)</sup> | 757 | 16510 |
| Nuvalent, Inc., Class A<sup>(2)</sup> | 707 | 55393 |
| Protagonist Therapeutics, Inc.<sup>(2)</sup> | 887 | 47774 |
| Revolution Medicines, Inc.<sup>(2)</sup> | 817 | 30450 |
| Scholar Rock Holding Corp.<sup>(2)</sup> | 1354 | 50166 |
| Telix Pharmaceuticals Ltd.<sup>(2)</sup> | 3735 | 50038 |
| Twist Bioscience Corp.<sup>(2)</sup> | 1659 | 55693 |
| Vaxcyte, Inc.<sup>(2)</sup> | 637 | 21626 |
| Vera Therapeutics, Inc.<sup>(2)</sup> | 1327 | 27588 |
| Vertex Pharmaceuticals, Inc.<sup>(2)</sup> | 553 | 252649 |
| Viking Therapeutics, Inc.<sup>(2)(3)</sup> | 594 | 19347 |
| Xenon Pharmaceuticals, Inc.<sup>(2)</sup> | 1277 | 39000 |
|  |  | 4096538 |
| **Broadline Retail — 0.5%** |  |  |
| Alibaba Group Holding Ltd. | 5600 | 84195 |
| Alibaba Group Holding Ltd., ADR | 3568 | 430408 |
| Amazon.com, Inc.<sup>(2)</sup> | 7935 | 1857663 |
| Coupang, Inc.<sup>(2)</sup> | 21201 | 623945 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(2)</sup> | 419 | 57248 |
| Ryohin Keikaku Co. Ltd. | 10500 | 491586 |
|  |  | 3545045 |
| **Building Products — 0.3%** |  |  |
| A.O. Smith Corp. | 3774 | 267161 |
| Cie de Saint-Gobain SA | 2967 | 340366 |
| Fortune Brands Innovations, Inc. | 1864 | 101663 |
| Hayward Holdings, Inc.<sup>(2)</sup> | 11362 | 174748 |
| Johnson Controls International PLC | 11077 | 1163085 |
| Sanwa Holdings Corp. | 1900 | 51835 |
| Trex Co., Inc.<sup>(2)</sup> | 2410 | 154818 |
|  |  | 2253676 |
| **Capital Markets — 1.1%** |  |  |
| Ameriprise Financial, Inc. | 614 | 318169 |
| Ares Management Corp., Class A | 5602 | 1039339 |
| Bank of New York Mellon Corp. | 2052 | 208175 |
| Blackrock, Inc. | 298 | 329591 |
| Coinbase Global, Inc., Class A<sup>(2)</sup> | 575 | 217212 |
| flatexDEGIRO AG | 2964 | 89582 |
| Hamilton Lane, Inc., Class A | 822 | 125191 |
| Intercontinental Exchange, Inc. | 1365 | 252293 |
| KKR & Co., Inc. | 1968 | 288469 |
| London Stock Exchange Group PLC | 3181 | 387748 |
| LPL Financial Holdings, Inc. | 2849 | 1127435 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Marex Group PLC | 2240 | $86419 |
| Morgan Stanley | 4339 | 618134 |
| MSCI, Inc. | 889 | 499049 |
| Northern Trust Corp. | 4903 | 637390 |
| P10, Inc., Class A | 5109 | 62841 |
| Piper Sandler Cos. | 313 | 98695 |
| Raymond James Financial, Inc. | 1164 | 194539 |
| S&P Global, Inc. | 988 | 544487 |
| St. James's Place PLC | 5917 | 101837 |
| Swissquote Group Holding SA | 130 | 86378 |
| T. Rowe Price Group, Inc. | 3410 | 345944 |
| TPG, Inc. | 4697 | 268058 |
| XP, Inc., Class A | 19903 | 321234 |
|  |  | 8248209 |
| **Chemicals — 0.4%** |  |  |
| Air Liquide SA | 2719 | 534926 |
| Akzo Nobel NV<sup>(3)</sup> | 2962 | 186018 |
| Arkema SA | 5183 | 352451 |
| Ecolab, Inc. | 1289 | 337409 |
| Element Solutions, Inc. | 17848 | 421213 |
| Linde PLC | 1056 | 486034 |
| PPG Industries, Inc. | 2804 | 295822 |
| Resonac Holdings Corp. | 3000 | 72144 |
| Sensient Technologies Corp. | 973 | 109258 |
| Tokyo Ohka Kogyo Co. Ltd. | 3500 | 95864 |
|  |  | 2891139 |
| **Commercial Services and Supplies — 0.3%** |  |  |
| ABM Industries, Inc. | 6310 | 291080 |
| Casella Waste Systems, Inc., Class A<sup>(2)</sup> | 1101 | 119712 |
| Clean Harbors, Inc.<sup>(2)</sup> | 372 | 87721 |
| Copart, Inc.<sup>(2)</sup> | 3907 | 177104 |
| Daiei Kankyo Co. Ltd. | 4500 | 92724 |
| GFL Environmental, Inc. | 9522 | 479338 |
| Mitie Group PLC | 22978 | 42608 |
| OPENLANE, Inc.<sup>(2)</sup> | 4238 | 104425 |
| Republic Services, Inc. | 1822 | 420244 |
| SPIE SA | 1602 | 94280 |
|  |  | 1909236 |
| **Communications Equipment — 0.2%** |  |  |
| Arista Networks, Inc.<sup>(2)</sup> | 2453 | 302259 |
| Ciena Corp.<sup>(2)</sup> | 3486 | 323640 |
| Extreme Networks, Inc.<sup>(2)</sup> | 4184 | 73889 |
| F5, Inc.<sup>(2)</sup> | 582 | 182410 |
| Motorola Solutions, Inc. | 915 | 401667 |
|  |  | 1283865 |
| **Construction and Engineering — 0.2%** |  |  |
| AtkinsRealis Group, Inc. | 1560 | 110459 |
| Construction Partners, Inc., Class A<sup>(2)</sup> | 1495 | 150771 |
| EMCOR Group, Inc. | 982 | 616195 |
| Kinden Corp. | 3100 | 97609 |
| Ventia Services Group Pty. Ltd. | 28095 | 93550 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Vinci SA | 1391 | $193222 |
|  |  | 1261806 |
| **Construction Materials — 0.2%** |  |  |
| CRH PLC | 4994 | 476677 |
| Eagle Materials, Inc. | 1502 | 336884 |
| Knife River Corp.<sup>(2)</sup> | 593 | 48911 |
| Titan America SA<sup>(2)</sup> | 4807 | 68980 |
| Vulcan Materials Co. | 1274 | 349929 |
| Wienerberger AG | 616 | 20650 |
|  |  | 1302031 |
| **Consumer Finance — 0.1%** |  |  |
| American Express Co. | 1156 | 346002 |
| Cembra Money Bank AG | 729 | 81816 |
| Dave, Inc.<sup>(2)</sup> | 290 | 68382 |
| Zip Co. Ltd.<sup>(2)(3)</sup> | 50025 | 101449 |
|  |  | 597649 |
| **Consumer Staples Distribution & Retail — 0.4%** |  |  |
| BGF retail Co. Ltd. | 3941 | 319234 |
| Casey's General Stores, Inc. | 648 | 337044 |
| Costco Wholesale Corp. | 361 | 339210 |
| Kobe Bussan Co. Ltd. | 800 | 21303 |
| Koninklijke Ahold Delhaize NV<sup>(3)</sup> | 9821 | 387894 |
| Maplebear, Inc.<sup>(2)</sup> | 7615 | 365292 |
| Marks & Spencer Group PLC | 4531 | 20809 |
| PriceSmart, Inc. | 932 | 100190 |
| Redcare Pharmacy NV<sup>(2)</sup> | 320 | 35421 |
| Sprouts Farmers Market, Inc.<sup>(2)</sup> | 3668 | 555849 |
| Sysco Corp. | 4726 | 376190 |
| Tsuruha Holdings, Inc.<sup>(3)</sup> | 1100 | 80965 |
|  |  | 2939401 |
| **Containers and Packaging — 0.2%** |  |  |
| Ball Corp. | 4023 | 230357 |
| Graphic Packaging Holding Co. | 29575 | 661297 |
| Packaging Corp. of America | 2532 | 490575 |
| Verallia SA | 11886 | 382420 |
|  |  | 1764649 |
| **Distributors — 0.1%** |  |  |
| D'ieteren Group | 310 | 61235 |
| LKQ Corp. | 4900 | 144403 |
| Pool Corp. | 1222 | 376547 |
|  |  | 582185 |
| **Diversified Consumer Services — 0.1%** |  |  |
| Bright Horizons Family Solutions, Inc.<sup>(2)</sup> | 1713 | 193740 |
| Duolingo, Inc.<sup>(2)</sup> | 834 | 289023 |
| OneSpaWorld Holdings Ltd. | 4835 | 106950 |
| Stride, Inc.<sup>(2)</sup> | 852 | 109252 |
|  |  | 698965 |
| **Diversified REITs — 0.2%** |  |  |
| British Land Co. PLC | 44588 | 204923 |
| CapitaLand Integrated Commercial Trust | 125100 | 211226 |
| Charter Hall Group | 13805 | 177855 |
| Essential Properties Realty Trust, Inc. | 7679 | 234133 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| GO Residential Real Estate Investment Trust<sup>(2)</sup> | 9297 | $125509 |
| Merlin Properties Socimi SA | 18885 | 261483 |
| Stockland | 62948 | 223169 |
|  |  | 1438298 |
| **Diversified Telecommunication Services — 0.1%** |  |  |
| Cellnex Telecom SA<sup>(3)</sup> | 2490 | 87871 |
| Globalstar, Inc.<sup>(2)</sup> | 1420 | 33356 |
| Orange SA | 5775 | 87844 |
| Telkom Indonesia Persero Tbk. PT | 2254500 | 395879 |
| Verizon Communications, Inc. | 3706 | 158468 |
|  |  | 763418 |
| **Electric Utilities — 0.4%** |  |  |
| Duke Energy Corp. | 1793 | 218101 |
| Evergy, Inc. | 8594 | 608455 |
| Eversource Energy | 7815 | 516571 |
| Iberdrola SA | 30594 | 537730 |
| NextEra Energy, Inc. | 9532 | 677344 |
| PPL Corp. | 2058 | 73450 |
| Xcel Energy, Inc. | 8484 | 623065 |
|  |  | 3254716 |
| **Electrical Equipment — 0.4%** |  |  |
| Eaton Corp. PLC | 1037 | 398955 |
| Emerson Electric Co. | 1311 | 190764 |
| Furukawa Electric Co. Ltd. | 1300 | 78522 |
| GE Vernova, Inc. | 372 | 245628 |
| Hubbell, Inc. | 490 | 214365 |
| Legrand SA | 299 | 44164 |
| Regal Rexnord Corp. | 611 | 93410 |
| Schneider Electric SE | 1650 | 427009 |
| Siemens Energy AG<sup>(2)</sup> | 5044 | 583987 |
| Sinfonia Technology Co. Ltd. | 1000 | 62805 |
| SWCC Corp. | 2300 | 137689 |
| Vertiv Holdings Co., Class A | 4672 | 680243 |
|  |  | 3157541 |
| **Electronic Equipment, Instruments and Components — 0.2%** |  |  |
| Anritsu Corp. | 5000 | 53893 |
| CDW Corp. | 1131 | 197224 |
| Cognex Corp. | 435 | 17735 |
| Itron, Inc.<sup>(2)</sup> | 501 | 62395 |
| Keyence Corp. | 800 | 289385 |
| Littelfuse, Inc. | 441 | 113483 |
| Maruwa Co. Ltd. | 400 | 120567 |
| Mirion Technologies, Inc., Class A<sup>(2)</sup> | 4820 | 107727 |
| Ralliant Corp.<sup>(2)</sup> | 3146 | 143835 |
| TD SYNNEX Corp. | 502 | 72484 |
| TE Connectivity PLC | 1450 | 298337 |
|  |  | 1477065 |
| **Energy Equipment and Services — 0.2%** |  |  |
| Baker Hughes Co. | 14263 | 642548 |
| DOF Group ASA | 7745 | 70916 |
| Expro Group Holdings NV<sup>(2)</sup> | 9273 | 99963 |
| SBM Offshore NV<sup>(3)</sup> | 3464 | 90338 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Schlumberger NV | 11637 | $393331 |
| Subsea 7 SA | 4650 | 90112 |
| TechnipFMC PLC | 842 | 30624 |
| Transocean Ltd.<sup>(2)</sup> | 29972 | 87518 |
|  |  | 1505350 |
| **Entertainment — 0.3%** |  |  |
| CTS Eventim AG & Co. KGaA | 457 | 51606 |
| Liberty Media Corp.-Liberty Formula One, Class C<sup>(2)</sup> | 866 | 86903 |
| Netflix, Inc.<sup>(2)</sup> | 410 | 475354 |
| ROBLOX Corp., Class A<sup>(2)</sup> | 7614 | 1049133 |
| Spotify Technology SA<sup>(2)</sup> | 544 | 340838 |
|  |  | 2003834 |
| **Financial Services — 0.4%** |  |  |
| Adyen NV<sup>(2)</sup> | 278 | 476812 |
| Banco Latinoamericano de Comercio Exterior SA | 1082 | 43237 |
| Block, Inc.<sup>(2)</sup> | 6375 | 492533 |
| Corpay, Inc.<sup>(2)</sup> | 2018 | 651915 |
| Fiserv, Inc.<sup>(2)</sup> | 1460 | 202852 |
| Mastercard, Inc., Class A | 1572 | 890491 |
| Shift4 Payments, Inc., Class A<sup>(2)(3)</sup> | 582 | 59946 |
| Visa, Inc., Class A | 1339 | 462584 |
|  |  | 3280370 |
| **Food Products — 0.2%** |  |  |
| Aryzta AG<sup>(2)</sup> | 453 | 42515 |
| Conagra Brands, Inc. | 16108 | 294132 |
| Freshpet, Inc.<sup>(2)</sup> | 736 | 50284 |
| General Mills, Inc. | 4108 | 201210 |
| Kerry Group PLC, Class A | 3915 | 361629 |
| Mondelez International, Inc., Class A | 1909 | 123493 |
| Toyo Suisan Kaisha Ltd. | 1200 | 76666 |
| Vital Farms, Inc.<sup>(2)</sup> | 2062 | 76706 |
|  |  | 1226635 |
| **Gas Utilities — 0.1%** |  |  |
| Nippon Gas Co. Ltd. | 2300 | 41841 |
| ONE Gas, Inc. | 5665 | 411845 |
| Spire, Inc. | 5813 | 432894 |
|  |  | 886580 |
| **Ground Transportation — 0.3%** |  |  |
| CSX Corp. | 19023 | 676077 |
| Knight-Swift Transportation Holdings, Inc. | 2497 | 106123 |
| Kyushu Railway Co. | 1100 | 26601 |
| Norfolk Southern Corp. | 3362 | 934636 |
| Schneider National, Inc., Class B | 3287 | 80367 |
| Uber Technologies, Inc.<sup>(2)</sup> | 2941 | 258073 |
| Union Pacific Corp. | 1017 | 225743 |
|  |  | 2307620 |
| **Health Care Equipment and Supplies — 0.9%** |  |  |
| Alphatec Holdings, Inc.<sup>(2)</sup> | 11692 | 123701 |
| Becton Dickinson & Co. | 3521 | 627618 |
| Dexcom, Inc.<sup>(2)</sup> | 9296 | 750838 |
| Eckert & Ziegler SE | 794 | 60402 |
| Envista Holdings Corp.<sup>(2)</sup> | 13053 | 246571 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| EssilorLuxottica SA | 839 | $249480 |
| GE HealthCare Technologies, Inc. | 9694 | 691376 |
| Hologic, Inc.<sup>(2)</sup> | 6136 | 410008 |
| IDEXX Laboratories, Inc.<sup>(2)</sup> | 1298 | 693534 |
| Insulet Corp.<sup>(2)</sup> | 1752 | 505277 |
| Integer Holdings Corp.<sup>(2)</sup> | 718 | 77910 |
| Intuitive Surgical, Inc.<sup>(2)</sup> | 631 | 303568 |
| Medtronic PLC | 4545 | 410141 |
| SI-BONE, Inc.<sup>(2)</sup> | 4417 | 75221 |
| Terumo Corp. | 27500 | 466325 |
| UFP Technologies, Inc.<sup>(2)</sup> | 499 | 112969 |
| Ypsomed Holding AG<sup>(3)</sup> | 123 | 58850 |
| Zimmer Biomet Holdings, Inc. | 12024 | 1102000 |
|  |  | 6965789 |
| **Health Care Providers and Services — 0.6%** |  |  |
| Cencora, Inc. | 3860 | 1104269 |
| Chartwell Retirement Residences | 29225 | 373538 |
| Cigna Group | 1212 | 324065 |
| Encompass Health Corp. | 1051 | 115726 |
| Ensign Group, Inc. | 1099 | 164850 |
| Galenica AG | 425 | 45105 |
| HealthEquity, Inc.<sup>(2)</sup> | 1093 | 106021 |
| Henry Schein, Inc.<sup>(2)</sup> | 11905 | 805373 |
| Labcorp Holdings, Inc. | 2481 | 645258 |
| NeoGenomics, Inc.<sup>(2)</sup> | 550 | 2662 |
| Pediatrix Medical Group, Inc.<sup>(2)</sup> | 3429 | 42005 |
| Quest Diagnostics, Inc. | 2019 | 338001 |
| RadNet, Inc.<sup>(2)</sup> | 2189 | 119804 |
| Talkspace, Inc.<sup>(2)</sup> | 12869 | 31272 |
| U.S. Physical Therapy, Inc. | 347 | 25383 |
| UnitedHealth Group, Inc. | 818 | 204140 |
| Universal Health Services, Inc., Class B | 1875 | 312094 |
|  |  | 4759566 |
| **Health Care REITs — 0.5%** |  |  |
| Aedifica SA | 3411 | 251009 |
| American Healthcare REIT, Inc. | 9044 | 349460 |
| CareTrust REIT, Inc. | 6738 | 214268 |
| Healthpeak Properties, Inc. | 20700 | 350658 |
| Ventas, Inc. | 13840 | 929771 |
| Welltower, Inc. | 8572 | 1414980 |
|  |  | 3510146 |
| **Health Care Technology — 0.1%** |  |  |
| Phreesia, Inc.<sup>(2)</sup> | 1983 | 53462 |
| Pro Medicus Ltd. | 204 | 41892 |
| RaySearch Laboratories AB | 1650 | 56551 |
| Schrodinger, Inc.<sup>(2)</sup> | 2053 | 41737 |
| Veeva Systems, Inc., Class A<sup>(2)</sup> | 1803 | 512413 |
|  |  | 706055 |
| **Hotel & Resort REITs — 0.1%** |  |  |
| Host Hotels & Resorts, Inc. | 12157 | 191108 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Invincible Investment Corp. | 238 | $105855 |
| Japan Hotel REIT Investment Corp. | 183 | 100572 |
|  |  | 397535 |
| **Hotels, Restaurants and Leisure — 1.0%** |  |  |
| Airbnb, Inc., Class A<sup>(2)</sup> | 2172 | 287595 |
| Booking Holdings, Inc. | 52 | 286211 |
| Brinker International, Inc.<sup>(2)</sup> | 774 | 121982 |
| Chipotle Mexican Grill, Inc.<sup>(2)</sup> | 9580 | 410790 |
| DoorDash, Inc., Class A<sup>(2)</sup> | 1101 | 275525 |
| Flutter Entertainment PLC<sup>(2)</sup> | 1990 | 601498 |
| Hilton Worldwide Holdings, Inc. | 6400 | 1715712 |
| Life Time Group Holdings, Inc.<sup>(2)</sup> | 3749 | 107671 |
| MakeMyTrip Ltd.<sup>(2)</sup> | 4146 | 388024 |
| Planet Fitness, Inc., Class A<sup>(2)</sup> | 1369 | 149481 |
| Round One Corp. | 12200 | 125284 |
| Royal Caribbean Cruises Ltd. | 3480 | 1106188 |
| Sodexo SA | 3625 | 215591 |
| Trip.com Group Ltd., ADR | 6600 | 408870 |
| Viking Holdings Ltd.<sup>(2)</sup> | 5074 | 297945 |
| Whitbread PLC | 10588 | 425328 |
| Wingstop, Inc. | 875 | 330173 |
|  |  | 7253868 |
| **Household Durables — 0.3%** |  |  |
| Barratt Redrow PLC | 61124 | 301002 |
| Breville Group Ltd.<sup>(3)</sup> | 2175 | 45487 |
| Champion Homes, Inc.<sup>(2)</sup> | 1545 | 94090 |
| De' Longhi SpA | 1855 | 60841 |
| Mohawk Industries, Inc.<sup>(2)</sup> | 2937 | 336316 |
| Neinor Homes SA<sup>(2)</sup> | 11314 | 219907 |
| PulteGroup, Inc. | 3173 | 358295 |
| Taylor Wimpey PLC | 313767 | 422169 |
| TopBuild Corp.<sup>(2)</sup> | 913 | 338203 |
|  |  | 2176310 |
| **Household Products — 0.4%** |  |  |
| Church & Dwight Co., Inc. | 6140 | 575748 |
| Colgate-Palmolive Co. | 2020 | 169377 |
| Henkel AG & Co. KGaA, Preference Shares | 3951 | 304461 |
| Kimberly-Clark Corp. | 4649 | 579358 |
| Procter & Gamble Co. | 3442 | 517918 |
| Reckitt Benckiser Group PLC | 12129 | 909017 |
|  |  | 3055879 |
| **Independent Power and Renewable Electricity Producers — 0.2%** |  |  |
| Talen Energy Corp.<sup>(2)</sup> | 321 | 121200 |
| TransAlta Corp. | 5346 | 64317 |
| Vistra Corp. | 6818 | 1421826 |
|  |  | 1607343 |
| **Industrial Conglomerates — 0.1%** |  |  |
| Hitachi Ltd. | 11800 | 361088 |
| Honeywell International, Inc. | 1280 | 284608 |
|  |  | 645696 |
| **Industrial REITs — 0.4%** |  |  |
| EastGroup Properties, Inc. | 1625 | 265265 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Goodman Group | 35956 | $803921 |
| Prologis, Inc. | 15056 | 1607680 |
| STAG Industrial, Inc. | 3954 | 135741 |
| Tritax Big Box REIT PLC | 24413 | 45411 |
| Warehouses De Pauw CVA | 8131 | 189746 |
|  |  | 3047764 |
| **Insurance — 0.7%** |  |  |
| Aegon Ltd. | 36429 | 260341 |
| Allstate Corp. | 1718 | 349183 |
| Beazley PLC | 3437 | 40497 |
| Goosehead Insurance, Inc., Class A | 598 | 54364 |
| Hanover Insurance Group, Inc. | 1331 | 228440 |
| HCI Group, Inc. | 387 | 54195 |
| Intact Financial Corp. | 1323 | 273461 |
| Kinsale Capital Group, Inc. | 201 | 88579 |
| Marsh & McLennan Cos., Inc. | 1163 | 231670 |
| MetLife, Inc. | 4299 | 326509 |
| Palomar Holdings, Inc.<sup>(2)</sup> | 706 | 93538 |
| Phoenix Financial Ltd. | 2645 | 90123 |
| Progressive Corp. | 941 | 227760 |
| Prudential PLC | 44700 | 567072 |
| Reinsurance Group of America, Inc. | 3012 | 579659 |
| Root, Inc., Class A<sup>(2)</sup> | 535 | 64751 |
| Ryan Specialty Holdings, Inc., Class A | 7262 | 444362 |
| Slide Insurance Holdings, Inc.<sup>(2)</sup> | 2182 | 41022 |
| Storebrand ASA | 7322 | 103974 |
| Willis Towers Watson PLC | 2515 | 794262 |
|  |  | 4913762 |
| **Interactive Media and Services — 0.6%** |  |  |
| Alphabet, Inc., Class A | 9905 | 1900769 |
| CAR Group Ltd. | 1790 | 43568 |
| Meta Platforms, Inc., Class A | 1826 | 1412301 |
| Pinterest, Inc., Class A<sup>(2)</sup> | 13515 | 521679 |
| Scout24 SE | 830 | 110923 |
| Tencent Holdings Ltd. | 10700 | 749131 |
|  |  | 4738371 |
| **IT Services — 0.6%** |  |  |
| Accenture PLC, Class A | 1201 | 320787 |
| Amdocs Ltd. | 5042 | 430385 |
| BIPROGY, Inc. | 1600 | 64520 |
| Capgemini SE | 570 | 84859 |
| Cloudflare, Inc., Class A<sup>(2)</sup> | 5254 | 1091151 |
| Cognizant Technology Solutions Corp., Class A | 4583 | 328876 |
| GDS Holdings Ltd., ADR<sup>(2)</sup> | 5090 | 183596 |
| Grid Dynamics Holdings, Inc.<sup>(2)</sup> | 2010 | 19075 |
| International Business Machines Corp. | 2051 | 519211 |
| Kontron AG | 1344 | 43358 |
| MongoDB, Inc.<sup>(2)</sup> | 562 | 133694 |
| NEC Corp. | 25000 | 717897 |
| NEXTDC Ltd.<sup>(2)</sup> | 10578 | 97403 |
| SCSK Corp. | 2800 | 87122 |
|  |  | 4121934 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| **Leisure Products — 0.0%** | | |
| MIPS AB<sup>(3)</sup> | 1005 | $42593 |
| Technogym SpA | 3534 | 54527 |
| Thule Group AB<sup>(3)</sup> | 1453 | 41094 |
| Yonex Co. Ltd. | 3000 | 58906 |
|  |  | 197120 |
| **Life Sciences Tools and Services — 0.5%** |  |  |
| Agilent Technologies, Inc. | 3545 | 407001 |
| Avantor, Inc.<sup>(2)</sup> | 2836 | 38116 |
| Bio-Techne Corp. | 7343 | 401882 |
| Danaher Corp. | 2107 | 415416 |
| ICON PLC<sup>(2)</sup> | 1088 | 184079 |
| IQVIA Holdings, Inc.<sup>(2)</sup> | 3882 | 721509 |
| Lonza Group AG | 821 | 572211 |
| Mettler-Toledo International, Inc.<sup>(2)</sup> | 239 | 294850 |
| Siegfried Holding AG<sup>(2)(3)</sup> | 178 | 19902 |
| Thermo Fisher Scientific, Inc. | 630 | 294638 |
| West Pharmaceutical Services, Inc. | 1537 | 367743 |
|  |  | 3717347 |
| **Machinery — 0.7%** |  |  |
| Albany International Corp., Class A | 2027 | 109843 |
| Alstom SA<sup>(2)</sup> | 22254 | 521997 |
| Crane Co. | 1808 | 353952 |
| Cummins, Inc. | 2470 | 908022 |
| Daimler Truck Holding AG | 5107 | 248431 |
| Deere & Co. | 474 | 248551 |
| Doosan Bobcat, Inc.<sup>(2)</sup> | 4136 | 163964 |
| Dover Corp. | 760 | 137667 |
| Fluidra SA<sup>(3)</sup> | 2133 | 53198 |
| Fortive Corp. | 2883 | 138182 |
| Gates Industrial Corp. PLC<sup>(2)</sup> | 1724 | 42755 |
| Konecranes OYJ | 1356 | 112998 |
| Organo Corp. | 1700 | 104746 |
| Oshkosh Corp. | 3848 | 486888 |
| Parker-Hannifin Corp. | 319 | 233476 |
| RBC Bearings, Inc.<sup>(2)</sup> | 284 | 110005 |
| RENK Group AG | 1157 | 89815 |
| Sulzer AG | 252 | 48488 |
| Timken Co. | 4456 | 339057 |
| Toro Co. | 3464 | 257202 |
| Weir Group PLC | 3125 | 109784 |
| Xylem, Inc. | 2826 | 408696 |
|  |  | 5227717 |
| **Media — 0.2%** |  |  |
| CyberAgent, Inc. | 8200 | 82126 |
| Magnite, Inc.<sup>(2)</sup> | 4597 | 105777 |
| New York Times Co., Class A | 1245 | 64603 |
| Omnicom Group, Inc. | 4132 | 297711 |
| Publicis Groupe SA | 2201 | 201131 |
| Trade Desk, Inc., Class A<sup>(2)</sup> | 6924 | 602111 |
|  |  | 1353459 |
| **Metals and Mining — 0.1%** |  |  |
| Acerinox SA | 3367 | 38854 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Alamos Gold, Inc., Class A | 2634 | $64006 |
| Capstone Copper Corp.<sup>(2)</sup> | 12086 | 67775 |
| Carpenter Technology Corp. | 528 | 131678 |
| GMK Norilskiy Nickel PAO<sup>(2)(4)</sup> | 265800 | 3 |
| Reliance, Inc. | 1178 | 341773 |
| Sandfire Resources Ltd.<sup>(2)</sup> | 6185 | 41610 |
| Torex Gold Resources, Inc.<sup>(2)</sup> | 2585 | 72815 |
| Vale SA | 15100 | 143704 |
|  |  | 902218 |
| **Multi-Utilities — 0.1%** |  |  |
| Hera SpA | 9799 | 41929 |
| Northwestern Energy Group, Inc. | 10768 | 578242 |
|  |  | 620171 |
| **Office REITs — 0.1%** |  |  |
| Cousins Properties, Inc. | 4474 | 121245 |
| Kilroy Realty Corp. | 3866 | 142501 |
| Mindspace Business Parks REIT | 20495 | 96566 |
| Orix JREIT, Inc. | 116 | 151639 |
| SL Green Realty Corp. | 1406 | 80494 |
| Vornado Realty Trust | 4046 | 155447 |
|  |  | 747892 |
| **Oil, Gas and Consumable Fuels — 0.7%** |  |  |
| Cheniere Energy, Inc. | 1429 | 337073 |
| Coterra Energy, Inc. | 15420 | 376094 |
| Diamondback Energy, Inc. | 2103 | 312632 |
| Eni SpA | 7378 | 125923 |
| Enterprise Products Partners LP | 28918 | 896169 |
| Expand Energy Corp. | 2718 | 284792 |
| Friedrich Vorwerk Group SE | 352 | 34212 |
| Gaztransport Et Technigaz SA | 623 | 117177 |
| Kosmos Energy Ltd.<sup>(2)</sup> | 33970 | 73035 |
| NAC Kazatomprom JSC, GDR | 8179 | 336599 |
| Occidental Petroleum Corp. | 7175 | 315269 |
| Permian Resources Corp. | 14582 | 206481 |
| Repsol SA | 32331 | 490195 |
| Shell PLC | 10058 | 361415 |
| Targa Resources Corp. | 3381 | 562632 |
| TC Energy Corp. | 2573 | 122856 |
| Williams Cos., Inc. | 5396 | 323490 |
|  |  | 5276044 |
| **Paper and Forest Products — 0.0%** |  |  |
| Mondi PLC | 14367 | 194216 |
| **Passenger Airlines — 0.0%** |  |  |
| Southwest Airlines Co. | 12354 | 382109 |
| **Personal Care Products — 0.2%** |  |  |
| elf Beauty, Inc.<sup>(2)</sup> | 340 | 41205 |
| Estee Lauder Cos., Inc., Class A | 4657 | 434684 |
| Kenvue, Inc. | 36330 | 778915 |
| L'Oreal SA | 326 | 144850 |
|  |  | 1399654 |
| **Pharmaceuticals — 0.5%** |  |  |
| ALK-Abello AS<sup>(2)</sup> | 3004 | 87157 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| AstraZeneca PLC, ADR | 4995 | $365084 |
| AstraZeneca PLC | 3159 | 460872 |
| Bristol-Myers Squibb Co. | 2615 | 113256 |
| Edgewise Therapeutics, Inc.<sup>(2)</sup> | 1610 | 22959 |
| Eli Lilly & Co. | 724 | 535811 |
| Galderma Group AG | 2681 | 413191 |
| GSK PLC | 36702 | 675096 |
| Haleon PLC | 21298 | 99902 |
| Hikma Pharmaceuticals PLC | 4236 | 109489 |
| Merck & Co., Inc. | 2345 | 183191 |
| Roche Holding AG | 970 | 302711 |
| Sanofi SA | 854 | 76664 |
| Verona Pharma PLC, ADR<sup>(2)</sup> | 540 | 56748 |
| Zoetis, Inc. | 2172 | 316656 |
|  |  | 3818787 |
| **Professional Services — 0.6%** |  |  |
| Adecco Group AG | 19374 | 610051 |
| ALS Ltd. | 7898 | 91818 |
| Automatic Data Processing, Inc. | 971 | 300525 |
| BayCurrent, Inc. | 1400 | 80388 |
| CACI International, Inc., Class A<sup>(2)</sup> | 354 | 163042 |
| Equifax, Inc. | 761 | 182815 |
| Experian PLC | 10325 | 544032 |
| First Advantage Corp.<sup>(2)</sup> | 4769 | 82456 |
| Paylocity Holding Corp.<sup>(2)</sup> | 438 | 80977 |
| Randstad NV | 10586 | 503147 |
| RELX PLC | 10892 | 565960 |
| TechnoPro Holdings, Inc. | 2200 | 69674 |
| Teleperformance SE | 6023 | 587189 |
| Verisk Analytics, Inc. | 1769 | 493038 |
| Verra Mobility Corp.<sup>(2)</sup> | 4248 | 107304 |
|  |  | 4462416 |
| **Real Estate Management and Development — 0.2%** |  |  |
| CBRE Group, Inc., Class A<sup>(2)</sup> | 1488 | 231741 |
| Colliers International Group, Inc. | 665 | 100222 |
| CTP NV | 10997 | 233231 |
| FirstService Corp. (Toronto) | 416 | 81999 |
| Grainger PLC | 15670 | 42365 |
| Katitas Co. Ltd. | 4700 | 78811 |
| Mitsui Fudosan Co. Ltd. | 20400 | 182341 |
| PSP Swiss Property AG | 267 | 45300 |
| Sumitomo Realty & Development Co. Ltd. | 5100 | 186299 |
| TAG Immobilien AG | 2381 | 38282 |
| Tokyo Tatemono Co. Ltd. | 10800 | 180737 |
|  |  | 1401328 |
| **Residential REITs — 0.3%** |  |  |
| American Homes 4 Rent, Class A | 6034 | 209320 |
| AvalonBay Communities, Inc. | 2195 | 408885 |
| Camden Property Trust | 1191 | 130057 |
| Equity Residential | 8400 | 530880 |
| Essex Property Trust, Inc. | 1646 | 428256 |
| Invitation Homes, Inc. | 9963 | 305366 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| UDR, Inc. | 5401 | $212205 |
|  |  | 2224969 |
| **Retail REITs — 0.5%** |  |  |
| Agree Realty Corp.<sup>(3)</sup> | 1915 | 137306 |
| Brixmor Property Group, Inc. | 9126 | 238462 |
| Charter Hall Retail REIT | 31909 | 79308 |
| Frasers Centrepoint Trust | 49600 | 84583 |
| Japan Metropolitan Fund Invest | 434 | 315658 |
| Kite Realty Group Trust | 12244 | 269123 |
| Link REIT | 47220 | 263098 |
| Macerich Co. | 11625 | 194254 |
| Realty Income Corp. | 11378 | 638647 |
| Regency Centers Corp. | 1867 | 133304 |
| Scentre Group | 138910 | 332445 |
| Simon Property Group, Inc. | 3212 | 526094 |
| Unibail-Rodamco-Westfield | 2515 | 243802 |
| Urban Edge Properties | 9768 | 192625 |
|  |  | 3648709 |
| **Semiconductors and Semiconductor Equipment — 1.5%** |  |  |
| Analog Devices, Inc. | 3675 | 825515 |
| Applied Materials, Inc. | 719 | 129463 |
| ARM Holdings PLC, ADR<sup>(2)</sup> | 672 | 95004 |
| ASML Holding NV | 426 | 295249 |
| Broadcom, Inc. | 5395 | 1584511 |
| Credo Technology Group Holding Ltd.<sup>(2)</sup> | 1517 | 169221 |
| Ichor Holdings Ltd.<sup>(2)</sup> | 1907 | 37740 |
| Impinj, Inc.<sup>(2)</sup> | 585 | 90429 |
| Infineon Technologies AG | 6233 | 244852 |
| Lattice Semiconductor Corp.<sup>(2)</sup> | 3109 | 154921 |
| MACOM Technology Solutions Holdings, Inc.<sup>(2)</sup> | 762 | 104501 |
| Melexis NV<sup>(3)</sup> | 820 | 62717 |
| Monolithic Power Systems, Inc. | 712 | 506403 |
| Nova Ltd.<sup>(2)</sup> | 171 | 44903 |
| NVIDIA Corp. | 21847 | 3885926 |
| NXP Semiconductors NV | 931 | 199020 |
| Onto Innovation, Inc.<sup>(2)</sup> | 312 | 29562 |
| Power Integrations, Inc. | 1411 | 68462 |
| Silicon Laboratories, Inc.<sup>(2)</sup> | 1029 | 135591 |
| SiTime Corp.<sup>(2)</sup> | 486 | 98585 |
| SUMCO Corp. | 27200 | 212726 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 35000 | 1347474 |
| Teradyne, Inc. | 4395 | 472155 |
| Tower Semiconductor Ltd.<sup>(2)</sup> | 2105 | 96304 |
|  |  | 10891234 |
| **Software — 1.7%** |  |  |
| ACI Worldwide, Inc.<sup>(2)</sup> | 3124 | 132957 |
| Agilysys, Inc.<sup>(2)</sup> | 1174 | 133930 |
| Appier Group, Inc. | 6300 | 63883 |
| BlackLine, Inc.<sup>(2)</sup> | 2431 | 130739 |
| Cadence Design Systems, Inc.<sup>(2)</sup> | 2847 | 1037931 |
| Crowdstrike Holdings, Inc., Class A<sup>(2)</sup> | 456 | 207284 |
| CyberArk Software Ltd.<sup>(2)</sup> | 112 | 46085 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| Datadog, Inc., Class A<sup>(2)</sup> | 5375 | $752393 |
| Descartes Systems Group, Inc.<sup>(2)</sup> | 417 | 44056 |
| Docusign, Inc.<sup>(2)</sup> | 5291 | 400211 |
| Dynatrace, Inc.<sup>(2)</sup> | 3920 | 206231 |
| Elastic NV<sup>(2)</sup> | 741 | 62022 |
| Fair Isaac Corp.<sup>(2)</sup> | 407 | 584745 |
| Guidewire Software, Inc.<sup>(2)</sup> | 2455 | 555370 |
| HubSpot, Inc.<sup>(2)</sup> | 996 | 517571 |
| Kinaxis, Inc.<sup>(2)</sup> | 452 | 67082 |
| Klaviyo, Inc., Class A<sup>(2)</sup> | 4168 | 129625 |
| Manhattan Associates, Inc.<sup>(2)</sup> | 2365 | 519496 |
| Microsoft Corp. | 7923 | 4226920 |
| nCino, Inc.<sup>(2)</sup> | 2138 | 59704 |
| Onestream, Inc.<sup>(2)</sup> | 2525 | 60221 |
| Pegasystems, Inc. | 1436 | 84308 |
| Q2 Holdings, Inc.<sup>(2)</sup> | 1746 | 141775 |
| Salesforce, Inc. | 841 | 217256 |
| Samsara, Inc., Class A<sup>(2)</sup> | 8789 | 334246 |
| SAP SE | 2761 | 789523 |
| ServiceNow, Inc.<sup>(2)</sup> | 292 | 275391 |
| Tenable Holdings, Inc.<sup>(2)</sup> | 1018 | 31874 |
| Workday, Inc., Class A<sup>(2)</sup> | 1210 | 277550 |
| Zscaler, Inc.<sup>(2)</sup> | 2090 | 596820 |
|  |  | 12687199 |
| **Specialized REITs — 0.9%** |  |  |
| American Tower Corp. | 2266 | 472212 |
| Big Yellow Group PLC | 14653 | 180666 |
| CubeSmart | 5965 | 232098 |
| Digital Realty Trust, Inc. | 4317 | 761692 |
| Equinix, Inc. | 1829 | 1436076 |
| Extra Space Storage, Inc. | 3383 | 454540 |
| Iron Mountain, Inc. | 5944 | 578708 |
| Keppel DC REIT | 110400 | 200908 |
| Millrose Properties, Inc. | 5227 | 156758 |
| Public Storage | 2165 | 588750 |
| SBA Communications Corp. | 1557 | 349889 |
| Smartstop Self Storage REIT, Inc. | 2906 | 98455 |
| VICI Properties, Inc. | 39752 | 1295915 |
|  |  | 6806667 |
| **Specialty Retail — 0.6%** |  |  |
| Aritzia, Inc.<sup>(2)</sup> | 2610 | 140088 |
| Auto1 Group SE<sup>(2)</sup> | 4796 | 143774 |
| Boot Barn Holdings, Inc.<sup>(2)</sup> | 931 | 160039 |
| Burlington Stores, Inc.<sup>(2)</sup> | 2466 | 673119 |
| Carvana Co.<sup>(2)</sup> | 1832 | 714792 |
| Five Below, Inc.<sup>(2)</sup> | 368 | 50239 |
| Home Depot, Inc. | 1817 | 667766 |
| JB Hi-Fi Ltd. | 1185 | 84398 |
| National Vision Holdings, Inc.<sup>(2)</sup> | 4939 | 119820 |
| Nextage Co. Ltd. | 3300 | 40962 |
| O'Reilly Automotive, Inc.<sup>(2)</sup> | 774 | 76100 |
| Sanrio Co. Ltd. | 1700 | 69755 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| TJX Cos., Inc. | 4022 | $500860 |
| Tractor Supply Co. | 5773 | 328772 |
| Urban Outfitters, Inc.<sup>(2)</sup> | 705 | 53072 |
| Zalando SE<sup>(2)</sup> | 12498 | 364417 |
|  |  | 4187973 |
| **Technology Hardware, Storage and Peripherals — 0.5%** |  |  |
| Apple, Inc. | 9222 | 1914210 |
| HP, Inc. | 17385 | 431148 |
| Samsung Electronics Co. Ltd. | 20219 | 1030440 |
| Super Micro Computer, Inc.<sup>(2)(3)</sup> | 2644 | 155917 |
|  |  | 3531715 |
| **Textiles, Apparel and Luxury Goods — 0.1%** |  |  |
| Asics Corp. | 4500 | 105792 |
| Cie Financiere Richemont SA, Class A | 612 | 99925 |
| Deckers Outdoor Corp.<sup>(2)</sup> | 1023 | 108612 |
| On Holding AG, Class A<sup>(2)</sup> | 12917 | 627379 |
| Pandora AS | 1125 | 185732 |
|  |  | 1127440 |
| **Tobacco — 0.1%** |  |  |
| British American Tobacco PLC | 8477 | 454175 |
| **Trading Companies and Distributors — 0.6%** |  |  |
| Applied Industrial Technologies, Inc. | 324 | 87966 |
| Ashtead Group PLC | 3702 | 247335 |
| Bunzl PLC | 18497 | 548944 |
| Core & Main, Inc., Class A<sup>(2)</sup> | 5222 | 332328 |
| Diploma PLC | 1434 | 101513 |
| Fastenal Co. | 5267 | 242967 |
| Ferguson Enterprises, Inc. | 957 | 213727 |
| Herc Holdings, Inc. | 1097 | 128141 |
| MonotaRO Co. Ltd. | 23800 | 423805 |
| MSC Industrial Direct Co., Inc., Class A | 6050 | 524051 |
| Rexel SA | 9373 | 283294 |
| SGH Ltd. | 2490 | 81441 |
| SiteOne Landscape Supply, Inc.<sup>(2)</sup> | 1157 | 159469 |
| Sojitz Corp. | 4200 | 99959 |
| Sumitomo Corp. | 16100 | 411512 |
| United Rentals, Inc. | 338 | 298434 |
| WESCO International, Inc. | 1992 | 412264 |
|  |  | 4597150 |
| **Transportation Infrastructure — 0.0%** |  |  |
| Flughafen Zurich AG | 223 | 62850 |
| **Wireless Telecommunication Services — 0.0%** |  |  |
| Indosat Tbk. PT | 1009800 | 134759 |
| **TOTAL COMMON STOCKS**<br>(Cost $150,548,144) |  | **203322398** |
| **U.S. TREASURY SECURITIES — 8.7%** |  |  |
| U.S. Treasury Bonds, 5.00%, 5/15/45 | $2200000 | 2232656 |
| U.S. Treasury Inflation-Indexed Bonds, 2.375%, 1/15/27 | 398515 | 404724 |
| U.S. Treasury Inflation-Indexed Bonds, 2.50%, 1/15/29 | 1699413 | 1767229 |
| U.S. Treasury Inflation-Indexed Bonds, 3.375%, 4/15/32 | 181107 | 201232 |
| U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/40 | 892380 | 877863 |
| U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/41 | 1203711 | 1172478 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| U.S. Treasury Inflation-Indexed Bonds, 0.625%, 2/15/43 | $1356264 | $1001651 |
| U.S. Treasury Inflation-Indexed Bonds, 1.375%, 2/15/44 | 3655224 | 3049764 |
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/45 | 2948702 | 2135586 |
| U.S. Treasury Inflation-Indexed Bonds, 0.875%, 2/15/47 | 732441 | 525317 |
| U.S. Treasury Inflation-Indexed Bonds, 0.125%, 2/15/51 | 1234730 | 661706 |
| U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/54 | 1414058 | 1270902 |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 4/15/26<sup>(5)</sup> | 3677370 | 3642636 |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 4/15/27 | 5083626 | 4978884 |
| U.S. Treasury Inflation-Indexed Notes, 0.50%, 1/15/28 | 2410994 | 2366202 |
| U.S. Treasury Inflation-Indexed Notes, 0.875%, 1/15/29 | 2418928 | 2383185 |
| U.S. Treasury Inflation-Indexed Notes, 1.625%, 10/15/29 | 9705580 | 9832909 |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/32 | 3171697 | 2876462 |
| U.S. Treasury Notes, 2.375%, 4/30/26 | 1000000 | 986267 |
| U.S. Treasury Notes, 3.875%, 5/31/27 | 9250000 | 9234463 |
| U.S. Treasury Notes, 3.875%, 6/15/28 | 6585000 | 6584743 |
| U.S. Treasury Notes, 4.375%, 11/30/30 | 1390000 | 1415601 |
| U.S. Treasury Notes, 1.875%, 2/15/32<sup>(5)</sup> | 5800000 | 5061293 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $67,976,707) |  | **64663753** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 5.1%** |  |  |
| **Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 5.1%** |  |  |
| FHLMC, 6.00%, 2/1/38 | 14236 | 14910 |
| FHLMC, 4.50%, 10/1/52 | 4753230 | 4519778 |
| FHLMC, 5.50%, 12/1/52 | 2151331 | 2153003 |
| FHLMC, 5.00%, 6/1/53 | 2394890 | 2341909 |
| FNMA, 3.50%, 9/1/52 | 5070045 | 4539132 |
| FNMA, 4.50%, 10/1/52 | 4734822 | 4503692 |
| FNMA, 5.50%, 3/1/54 | 2256183 | 2249577 |
| FNMA, 4.00%, 1/1/55 | 2485097 | 2296994 |
| GNMA, 4.00%, TBA | 2589000 | 2384697 |
| GNMA, 5.50%, TBA | 2499000 | 2493036 |
| GNMA, 7.00%, 12/15/27 | 2894 | 2910 |
| GNMA, 7.50%, 12/15/27 | 287 | 289 |
| GNMA, 6.00%, 5/15/28 | 2060 | 2084 |
| GNMA, 6.50%, 5/15/28 | 1817 | 1838 |
| GNMA, 7.00%, 5/15/31 | 4198 | 4332 |
| GNMA, 6.50%, 10/15/38 | 217525 | 229738 |
| GNMA, 4.50%, 6/15/41 | 99496 | 96556 |
| UMBS, 5.00%, TBA | 6518000 | 6344830 |
| UMBS, 5.50%, TBA | 3427000 | 3409392 |
| **TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES**<br>(Cost $37,616,649) |  | **37588697** |
| **CORPORATE BONDS — 2.6%** |  |  |
| **Aerospace and Defense — 0.1%** |  |  |
| Boeing Co., 2.20%, 2/4/26 | 470000 | 463815 |
| RTX Corp., 5.75%, 11/8/26 | 460000 | 466890 |
|  |  | 930705 |
| **Automobiles — 0.2%** |  |  |
| American Honda Finance Corp., 4.95%, 1/9/26 | 350000 | 350506 |
| Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | 670000 | 595587 |
| Hyundai Capital America, 5.95%, 9/21/26<sup>(6)</sup> | 340000 | 344753 |
|  |  | 1290846 |
| **Banks — 0.8%** |  |  |
| Avi Funding Co. Ltd., 3.80%, 9/16/25<sup>(6)</sup> | 255000 | 254766 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| Bank of America Corp., VRN, 5.93%, 9/15/27 |  | $230000 | $233501 |
| Citigroup, Inc., VRN, 5.61%, 3/4/56 |  | 155000 | 151346 |
| Commerzbank AG, 4.00%, 3/23/26 | EUR | 250000 | 288002 |
| Cooperatieve Rabobank UA, 4.375%, 8/4/25 |  | $1425000 | 1424960 |
| European Union, 0.00%, 7/4/31<sup>(7)</sup> | EUR | 1650000 | 1617821 |
| HSBC Bank PLC, VRN, 5.375%, 11/4/30 | GBP | 50000 | 66012 |
| ING Groep NV, 2.125%, 1/10/26 | EUR | 400000 | 456667 |
| JPMorgan Chase & Co., VRN, 4.51%, 10/22/28 |  | $230000 | 230305 |
| PNC Financial Services Group, Inc., VRN, 5.10%, 7/23/27 |  | 230000 | 230998 |
| U.S. Bank NA, VRN, 4.51%, 10/22/27 |  | 250000 | 249952 |
| Wells Fargo & Co., VRN, 4.90%, 1/24/28 |  | 230000 | 231253 |
| Wells Fargo & Co., VRN, 6.30%, 10/23/29 |  | 220000 | 231554 |
| Wells Fargo & Co., VRN, 5.61%, 4/23/36 |  | 60000 | 61820 |
|  |  |  | 5728957 |
| **Beverages — 0.0%** |  |  |  |
| PepsiCo, Inc., 4.40%, 2/7/27 |  | 350000 | 351419 |
| **Biotechnology — 0.1%** |  |  |  |
| AbbVie, Inc., 4.80%, 3/15/27 |  | 340000 | 342330 |
| Amgen, Inc., 5.25%, 3/2/30 |  | 340000 | 349402 |
|  |  |  | 691732 |
| **Capital Markets — 0.1%** |  |  |  |
| Goldman Sachs Group, Inc., VRN, 4.94%, 4/23/28 |  | 230000 | 231445 |
| Goldman Sachs Group, Inc., VRN, 4.69%, 10/23/30 |  | 230000 | 229886 |
| Morgan Stanley, VRN, 5.16%, 4/20/29 |  | 230000 | 233743 |
| UBS Group AG, VRN, 6.33%, 12/22/27<sup>(6)</sup> |  | 225000 | 230342 |
|  |  |  | 925416 |
| **Chemicals — 0.0%** |  |  |  |
| EQUATE Petrochemical Co. KSC, 4.25%, 11/3/26<sup>(6)</sup> |  | 82000 | 81567 |
| **Consumer Finance — 0.0%** |  |  |  |
| American Express Co., VRN, 4.73%, 4/25/29 |  | 230000 | 232057 |
| **Consumer Staples Distribution & Retail — 0.0%** |  |  |  |
| Walmart, Inc., 4.10%, 4/28/27 |  | 230000 | 230269 |
| **Containers and Packaging — 0.1%** |  |  |  |
| Smurfit Kappa Treasury ULC, 5.20%, 1/15/30 |  | 450000 | 461308 |
| **Diversified Consumer Services — 0.0%** |  |  |  |
| Duke University, 3.30%, 10/1/46 |  | 220000 | 157885 |
| **Diversified Telecommunication Services — 0.1%** |  |  |  |
| AT&T, Inc., 2.60%, 12/17/29 | EUR | 120000 | 135851 |
| Sprint Capital Corp., 6.875%, 11/15/28 |  | $352000 | 376422 |
|  |  |  | 512273 |
| **Electric Utilities — 0.1%** |  |  |  |
| Duke Energy Carolinas LLC, 3.20%, 8/15/49 |  | 270000 | 182310 |
| Duke Energy Progress LLC, 4.15%, 12/1/44 |  | 59000 | 48243 |
| MidAmerican Energy Co., 5.85%, 9/15/54 |  | 95000 | 97145 |
| Northern States Power Co., 5.10%, 5/15/53 |  | 110000 | 102170 |
|  |  |  | 429868 |
| **Food Products — 0.1%** |  |  |  |
| Mars, Inc., 4.60%, 3/1/28<sup>(6)</sup> |  | 460000 | 462659 |
| **Health Care Providers and Services — 0.1%** |  |  |  |
| DaVita, Inc., 4.625%, 6/1/30<sup>(6)</sup> |  | 510000 | 486714 |
| Kaiser Foundation Hospitals, 3.00%, 6/1/51 |  | 180000 | 115850 |
|  |  |  | 602564 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| **Hotels, Restaurants and Leisure — 0.2%** | | | |
| Caesars Entertainment, Inc., 4.625%, 10/15/29<sup>(6)</sup> |  | $200000 | $189150 |
| Hyatt Hotels Corp., 5.75%, 1/30/27 |  | 450000 | 457553 |
| Marriott International, Inc., 5.45%, 9/15/26 |  | 340000 | 343187 |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27<sup>(6)</sup> |  | 150000 | 149821 |
|  |  |  | 1139711 |
| **Household Durables — 0.1%** |  |  |  |
| KB Home, 4.80%, 11/15/29 |  | 477000 | 466568 |
| Meritage Homes Corp., 5.125%, 6/6/27 |  | 160000 | 160903 |
|  |  |  | 627471 |
| **Industrial Conglomerates — 0.1%** |  |  |  |
| Honeywell International, Inc., 4.65%, 7/30/27 |  | 460000 | 463066 |
| **Insurance — 0.0%** |  |  |  |
| AXA SA, VRN, 3.375%, 7/6/47 | EUR | 200000 | 230891 |
| **Life Sciences Tools and Services — 0.0%** |  |  |  |
| Thermo Fisher Scientific, Inc., 5.00%, 12/5/26 |  | $340000 | 342883 |
| **Machinery — 0.1%** |  |  |  |
| Caterpillar Financial Services Corp., 4.40%, 3/3/28 |  | 460000 | 462164 |
| **Metals and Mining — 0.1%** |  |  |  |
| Freeport-McMoRan, Inc., 5.40%, 11/14/34 |  | 180000 | 182317 |
| Rio Tinto Finance USA PLC, 4.50%, 3/14/28 |  | 460000 | 462324 |
|  |  |  | 644641 |
| **Multi-Utilities — 0.0%** |  |  |  |
| Dominion Energy, Inc., 4.90%, 8/1/41 |  | 310000 | 279529 |
| **Oil, Gas and Consumable Fuels — 0.1%** |  |  |  |
| Antero Resources Corp., 7.625%, 2/1/29<sup>(6)</sup> |  | 108000 | 110732 |
| BP Capital Markets America, Inc., 3.06%, 6/17/41 |  | 180000 | 132767 |
| Petroleos Mexicanos, 5.95%, 1/28/31 |  | 630000 | 585158 |
|  |  |  | 828657 |
| **Passenger Airlines — 0.0%** |  |  |  |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(6)</sup> |  | 212400 | 212339 |
| **Pharmaceuticals — 0.0%** |  |  |  |
| Pfizer Investment Enterprises Pte. Ltd., 4.45%, 5/19/26 |  | 350000 | 350230 |
| **Software — 0.0%** |  |  |  |
| Oracle Corp., 3.60%, 4/1/40 |  | 130000 | 102660 |
| **Specialty Retail — 0.1%** |  |  |  |
| Home Depot, Inc., 5.15%, 6/25/26 |  | 340000 | 342445 |
| Lowe's Cos., Inc., 3.10%, 5/3/27 |  | 235000 | 229787 |
|  |  |  | 572232 |
| **Technology Hardware, Storage and Peripherals — 0.0%** |  |  |  |
| Apple, Inc., 4.00%, 5/12/28 |  | 230000 | 230069 |
| **TOTAL CORPORATE BONDS**<br>(Cost $19,935,981) |  |  | **19576068** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 2.6%** |  |  |  |
| **Australia — 0.1%** |  |  |  |
| Australia Government Bonds, 3.00%, 3/21/47 | AUD | 1270000 | 612565 |
| **Austria — 0.2%** |  |  |  |
| Republic of Austria Government Bonds, 3.45%, 10/20/30<sup>(6)</sup> | EUR | 1300000 | 1550493 |
| **Belgium — 0.2%** |  |  |  |
| Kingdom of Belgium Government Bonds, 2.85%, 10/22/34<sup>(6)</sup> | EUR | 1100000 | 1227569 |
| Kingdom of Belgium Government Bonds, 4.25%, 3/28/41<sup>(6)</sup> | EUR | 74000 | 90279 |
|  |  |  | 1317848 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal<br>Amount** | **Value** |
| **Brazil — 0.1%** | | | |
| Brazil Government International Bonds, 6.625%, 3/15/35 |  | $433000 | $435690 |
| **Canada — 0.1%** |  |  |  |
| Province of Quebec, 5.75%, 12/1/36 | CAD | 445000 | 366120 |
| Province of Quebec, 5.00%, 12/1/41 | CAD | 30000 | 22875 |
| Province of Quebec, 3.50%, 12/1/48 | CAD | 110000 | 66371 |
|  |  |  | 455366 |
| **Chile — 0.0%** |  |  |  |
| Chile Government International Bonds, 5.33%, 1/5/54 |  | $160000 | 150284 |
| **China — 0.5%** |  |  |  |
| China Government Bonds, 2.68%, 5/21/30 | CNY | 24800000 | 3620751 |
| **Colombia — 0.2%** |  |  |  |
| Colombia Government International Bonds, 3.25%, 4/22/32 |  | $1500000 | 1222125 |
| **Indonesia — 0.1%** |  |  |  |
| Indonesia Treasury Bonds, 7.00%, 2/15/33 | IDR | 16500000000 | 1031107 |
| **Japan — 0.2%** |  |  |  |
| Japan Government Thirty Year Bonds, 1.40%, 3/20/53 | JPY | 78000000 | 363631 |
| Japan Government Thirty Year Bonds, 1.20%, 6/20/53 | JPY | 164500000 | 722749 |
| Japan Government Thirty Year Bonds, 1.80%, 9/20/53 | JPY | 51300000 | 262618 |
|  |  |  | 1348998 |
| **Luxembourg — 0.1%** |  |  |  |
| Eagle Funding Luxco SARL, 5.50%, 8/17/30<sup>(6)(8)</sup> |  | $865000 | 869974 |
| **Malaysia — 0.1%** |  |  |  |
| Malaysia Government Bonds, 3.83%, 7/5/34 | MYR | 4000000 | 967755 |
| **New Zealand — 0.4%** |  |  |  |
| New Zealand Government Bonds, 4.50%, 5/15/35 | NZD | 5235000 | 3079841 |
| **Poland — 0.1%** |  |  |  |
| Republic of Poland Government Bonds, 1.75%, 4/25/32 | PLN | 3500000 | 754847 |
| **Saudi Arabia — 0.2%** |  |  |  |
| Saudi Government International Bonds, 3.375%, 3/5/32<sup>(6)</sup> | EUR | 1250000 | 1433945 |
| **South Africa — 0.0%** |  |  |  |
| Republic of South Africa Government Bonds, 8.50%, 1/31/37 | ZAR | 7000000 | 341631 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $19,495,526) |  |  | **19193220** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 2.4%** |  |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 2.4%** |  |  |  |
| ABN AMRO Mortgage Corp., Series 2003-4, Class A4, 5.50%, 3/25/33 |  | $2292 | 2278 |
| Angel Oak Mortgage Trust, Series 2025-6, Class A3, 5.92%, 4/25/70<sup>(6)</sup> |  | 442144 | 442246 |
| BRAVO Residential Funding Trust, Series 2024-NQM5, Class A3, 6.16%, 6/25/64<sup>(6)</sup> |  | 452678 | 453881 |
| COLT Funding LLC, Series 2025-1, Class A3, 6.08%, 1/25/70<sup>(6)</sup> |  | 838451 | 840124 |
| COLT Mortgage Loan Trust, Series 2021-3, Class M1, VRN, 2.30%, 9/27/66<sup>(6)</sup> |  | 1800000 | 1200147 |
| COLT Mortgage Loan Trust, Series 2022-9, Class A1, 6.79%, 12/25/67<sup>(6)</sup> |  | 363359 | 363759 |
| COLT Mortgage Loan Trust, Series 2025-6, Class A3, 5.89%, 8/25/70<sup>(6)</sup> |  | 875000 | 874925 |
| Ellington Financial Mortgage Trust, Series 2022-4, Class A3, 5.90%, 9/25/67<sup>(6)</sup> |  | 286114 | 286437 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ1, Class A15, VRN, 6.00%, 6/25/54<sup>(6)</sup> |  | 413754 | 414977 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ5, Class A5, VRN, 5.50%, 10/25/55<sup>(6)</sup> |  | 618089 | 616403 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, VRN, 6.00%, 11/25/55<sup>(6)</sup> |  | 628770 | 633522 |
| JP Morgan Mortgage Trust, Series 2024-1, Class A4, SEQ, VRN, 6.00%, 6/25/54<sup>(6)</sup> |  | 689555 | 693071 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A4, VRN, 6.00%, 6/25/55<sup>(6)</sup> |  | 585429 | 590060 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A9, VRN, 6.15%, 6/25/55<sup>(6)</sup> |  | 524493 | 528018 |
| JP Morgan Mortgage Trust, Series 2024-2, Class A3, VRN, 6.00%, 8/25/54<sup>(6)</sup> |  | 462523 | 465291 |
| JP Morgan Mortgage Trust, Series 2024-6, Class A9A, VRN, 6.00%, 12/25/54<sup>(6)</sup> |  | 947531 | 950122 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| JP Morgan Mortgage Trust, Series 2025-NQM1, Class A3, 5.97%, 6/25/65<sup>(6)</sup> | $389508 | $390152 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2023-2, Class A4, VRN, 6.00%, 6/25/53<sup>(6)</sup> | 1099384 | 1100458 |
| Provident Funding Mortgage Trust, Series 2025-2, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(6)</sup> | 794963 | 792001 |
| PRPM Trust, Series 2022-NQM1, Class A3, 5.50%, 8/25/67<sup>(6)</sup> | 853378 | 848615 |
| Radian Mortgage Capital Trust, Series 2025-J2, Class A15, VRN, 5.50%, 11/25/55<sup>(6)</sup> | 1059729 | 1058498 |
| Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55<sup>(6)</sup> | 1098324 | 1105728 |
| Sequoia Mortgage Trust, Series 2023-4, Class A10, SEQ, VRN, 6.00%, 11/25/53<sup>(6)</sup> | 497056 | 497169 |
| Sequoia Mortgage Trust, Series 2024-2, Class A4, VRN, 6.00%, 3/25/54<sup>(6)</sup> | 677793 | 681723 |
| Sequoia Mortgage Trust, Series 2024-6, Class A11, SEQ, VRN, 6.00%, 7/27/54<sup>(6)</sup> | 798090 | 800261 |
| SoFi Mortgage Trust, Series 2016-1A, Class 1A4, SEQ, VRN, 3.00%, 11/25/46<sup>(6)</sup> | 23274 | 20728 |
| Verus Securitization Trust, Series 2025-6, Class A2, 5.67%, 7/25/70<sup>(6)</sup> | 1150000 | 1150247 |
|  |  | 17800841 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.0%** |  |  |
| FNMA, Series 2024-R01, Class 1M1, VRN, 5.40%, (30-day average SOFR plus 1.05%), 1/25/44<sup>(6)</sup> | 292371 | 292401 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $18,696,185) |  | **18093242** |
| **COLLATERALIZED LOAN OBLIGATIONS — 0.7%** |  |  |
| ARES XLVII CLO Ltd., Series 2018-47A, Class C, VRN, 6.33%, (3-month SOFR plus 2.01%), 4/15/30<sup>(6)</sup> | 350000 | 351460 |
| Carlyle Global Market Strategies CLO Ltd., Series 2012-4A, Class CR4, VRN, 6.43%, (3-month SOFR plus 2.10%), 4/22/32<sup>(6)</sup> | 1450000 | 1455162 |
| Cook Park CLO Ltd., Series 2018-1A, Class C, VRN, 6.33%, (3-month SOFR plus 2.01%), 4/17/30<sup>(6)</sup> | 3000000 | 3010875 |
| KKR CLO 18 Ltd., Series 2018, Class CR, VRN, 6.69%, (3-month SOFR plus 2.36%), 7/18/30<sup>(6)</sup> | 200000 | 200829 |
| Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 6.68%, (3-month SOFR plus 2.36%), 1/25/32<sup>(6)</sup> | 450000 | 451673 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $5,450,831) |  | **5469999** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.6%** |  |  |
| BX Trust, Series 2023-LIFE, Class A, SEQ, 5.05%, 2/15/28<sup>(6)</sup> | 762000 | 749086 |
| Credit Suisse Mortgage Trust, Series 2021-BHAR, Class A, VRN, 5.61%, (1-month SOFR plus 1.26%), 11/15/38<sup>(6)</sup> | 706000 | 704553 |
| DBSG Mortgage Trust, Series 2024-ALTA, Class A, SEQ, VRN, 5.95%, 6/10/37<sup>(6)</sup> | 706000 | 715191 |
| NJ Trust, Series 2023-GSP, Class A, SEQ, VRN, 6.48%, 1/6/29<sup>(6)</sup> | 705000 | 739785 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, VRN, 5.78%, (1-month SOFR plus 1.44%), 2/15/42<sup>(6)</sup> | 794000 | 791275 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 5.94%, 3/15/40<sup>(6)</sup> | 564000 | 565789 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $4,264,595) |  | **4265679** |
| **ASSET-BACKED SECURITIES — 0.3%** |  |  |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46<sup>(6)</sup> | 279847 | 261855 |
| FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 8/17/37<sup>(6)</sup> | 600000 | 597035 |
| Textainer Marine Containers VII Ltd., Series 2020-1A, Class A, SEQ, 2.73%, 8/21/45<sup>(6)</sup> | 232563 | 221934 |
| Trinity Rail Leasing LLC, Series 2018-1A, Class A2, SEQ, 4.62%, 6/17/48<sup>(6)</sup> | 694000 | 681911 |
| Trinity Rail Leasing LLC, Series 2020-1A, Class A, SEQ, 1.96%, 10/17/50<sup>(6)</sup> | 171232 | 160745 |
| Triton Container Finance VIII LLC, Series 2020-1A, Class A, SEQ, 2.11%, 9/20/45<sup>(6)</sup> | 247450 | 229859 |
| USQ Rail I LLC, Series 2021-2A, Class B, SEQ, 2.98%, 2/28/51<sup>(6)</sup> | 399000 | 370933 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $2,542,882) |  | **2524272** |
| **PREFERRED SECURITIES — 0.2%** |  |  |
| **Automobiles — 0.1%** |  |  |
| Volkswagen International Finance NV, 3.875% | 500000 | 556552 |
| **Electric Utilities — 0.0%** |  |  |
| Enel SpA, 2.25% | 200000 | 226150 |
| **Insurance — 0.0%** |  |  |
| AXA SA, 6.69% | 50000 | 66949 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount** | **Value** |
| **Oil, Gas and Consumable Fuels — 0.1%** | | |
| Eni SpA, 3.375% | 500000 | $562817 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $1,660,419) |  | **1412468** |
| **EXCHANGE-TRADED FUNDS — 0.2%** |  |  |
| iShares Core S&P 500 ETF | 1089 | 691406 |
| iShares MSCI EAFE Small-Cap ETF | 55 | 3983 |
| iShares Russell Mid-Cap Value ETF<sup>(3)</sup> | 3885 | 522804 |
| **TOTAL EXCHANGE-TRADED FUNDS**<br>(Cost $1,140,390) |  | **1218193** |
| **MUNICIPAL SECURITIES — 0.1%** |  |  |
| New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | $140000 | 160169 |
| New York City GO, 6.27%, 12/1/37 | 40000 | 42692 |
| Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 175000 | 110051 |
| State of California GO, 4.60%, 4/1/28, Prerefunded at 100% of Par<sup>(9)</sup> | 100000 | 101166 |
| Texas Natural Gas Securitization Finance Corp. Rev., SEQ, 5.17%, 4/1/41 | 45000 | 45626 |
| **TOTAL MUNICIPAL SECURITIES**<br>(Cost $512,918) |  | **459704** |
| **SHORT-TERM INVESTMENTS — 6.8%** |  |  |
| **Certificates of Deposit — 0.5%** |  |  |
| Bank of Montreal, VRN, 4.62%, (SOFR plus 0.30%), 3/20/26<sup>(6)</sup> | 1500000 | 1500371 |
| Nordea Bank Abp, 5.53%, 11/3/25<sup>(6)</sup> | 500000 | 501212 |
| Toronto-Dominion Bank, 4.39%, 1/23/26<sup>(6)</sup> | 1750000 | 1750000 |
|  |  | 3751583 |
| **Commercial Paper**<sup>(10)</sup> **— 2.4%** |  |  |
| Alinghi Funding Co. LLC, VRN, 4.61%, 1/7/26 (LOC: UBS AG)<sup>(6)</sup> | 500000 | 500149 |
| Aquitaine Funding Co. LLC, VRN, 4.69%, 2/13/26<sup>(6)</sup> | 2750000 | 2751305 |
| Bank of Montreal, VRN, 4.65%, (SOFR plus 0.26%), 11/26/25<sup>(6)</sup> | 4125000 | 4125518 |
| Endeavour Funding Co. LLC, VRN, 4.58%, 11/12/25 (LOC: HSBC Bank PLC)<sup>(6)</sup> | 3500000 | 3500579 |
| Endeavour Funding Co. LLC, VRN, 4.62%, 1/6/26 (LOC: HSBC Bank PLC)<sup>(6)</sup> | 2250000 | 2250673 |
| HQLA Funding LLC, VRN, 4.59%, (SOFR plus 0.20%), 8/6/25 (LOC: Credit Agricole Corporate & Investment Bank)<sup>(6)</sup> | 2000000 | 2000000 |
| Overwatch Bravo Funding LLC, 4.46%, 8/1/25<sup>(6)</sup> | 2876000 | 2875652 |
|  |  | 18003876 |
| **Money Market Funds — 3.3%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 13124425 | 13124425 |
| State Street Navigator Securities Lending Government Money Market Portfolio<sup>(11)</sup> | 10975407 | 10975407 |
|  |  | 24099832 |
| **Treasury Bills**<sup>(10)</sup> **— 0.6%** |  |  |
| U.S. Treasury Bills, 4.42%, 8/21/25 | $1500000 | 1496424 |
| U.S. Treasury Bills, 4.52%, 8/26/25 | 2000000 | 1994038 |
| U.S. Treasury Bills, 4.27%, 1/29/26 | 1000000 | 979260 |
|  |  | 4469722 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $50,321,643) |  | **50325013** |
| **TOTAL INVESTMENT SECURITIES — 103.5%**<br>(Cost $611,034,240) |  | **765987066** |
| **OTHER ASSETS AND LIABILITIES — (3.5)%** |  | **(26179207)** |
| **TOTAL NET ASSETS — 100.0%** |  | $**739807859** |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| AUD | 392417 | USD | 255254 | JPMorgan Chase Bank NA | 9/17/25 | $(2865) |
| USD | 888788 | AUD | 1359238 | Citibank NA | 9/17/25 | 14573 |
| BRL | 2991070 | USD | 525507 | Goldman Sachs & Co. LLC | 9/17/25 | 2720 |
| USD | 528856 | BRL | 2991070 | Citibank NA | 9/17/25 | 629 |
| CAD | 809000 | USD | 594614 | Morgan Stanley & Co. LLC | 9/17/25 | (9410) |
| CAD | 20233 | USD | 14807 | Citibank NA | 9/26/25 | (164) |
| CAD | 6177 | USD | 4548 | Citibank NA | 9/26/25 | (78) |
| CAD | 18131 | USD | 13292 | Citibank NA | 9/26/25 | (170) |
| CAD | 5893 | USD | 4322 | Citibank NA | 9/26/25 | (58) |
| USD | 1084740 | CAD | 1470350 | Citibank NA | 9/17/25 | 21138 |
| USD | 202686 | CAD | 278118 | Citibank NA | 9/26/25 | 1416 |
| USD | 3948 | CAD | 5340 | Citibank NA | 9/26/25 | 84 |
| USD | 6768 | CAD | 9171 | Citibank NA | 9/26/25 | 131 |
| USD | 4102 | CAD | 5597 | Citibank NA | 9/26/25 | 51 |
| USD | 4331 | CAD | 5907 | Citibank NA | 9/26/25 | 56 |
| USD | 4473 | CAD | 6112 | Citibank NA | 9/26/25 | 49 |
| CLP | 120716553 | USD | 128554 | Morgan Stanley & Co. LLC | 9/17/25 | (4432) |
| USD | 123472 | CLP | 120716553 | Goldman Sachs & Co. LLC | 9/17/25 | (650) |
| CNY | 20744097 | USD | 2897625 | Morgan Stanley & Co. LLC | 8/5/25 | (11914) |
| USD | 2904115 | CNY | 20744097 | JPMorgan Chase Bank NA | 8/5/25 | 18405 |
| USD | 3611074 | CNY | 25840845 | Morgan Stanley & Co. LLC | 9/4/25 | 757 |
| COP | 1052174358 | USD | 249043 | Citibank NA | 9/17/25 | 1223 |
| USD | 250876 | COP | 1052174358 | Bank of America NA | 9/17/25 | 610 |
| CZK | 7820334 | USD | 361299 | Goldman Sachs & Co. LLC | 9/17/25 | 2220 |
| USD | 363951 | CZK | 7820333 | UBS AG | 9/17/25 | 433 |
| EUR | 65862 | USD | 75530 | JPMorgan Chase Bank NA | 9/17/25 | (149) |
| EUR | 6784 | USD | 8046 | Goldman Sachs & Co. LLC | 9/26/25 | (277) |
| EUR | 11603 | USD | 13517 | Goldman Sachs & Co. LLC | 9/26/25 | (229) |
| EUR | 53080 | USD | 62217 | JPMorgan Chase Bank NA | 9/26/25 | (1430) |
| EUR | 43478 | USD | 51090 | Morgan Stanley & Co. LLC | 9/26/25 | (1298) |
| EUR | 2413 | USD | 2834 | Morgan Stanley & Co. LLC | 9/26/25 | (71) |
| EUR | 4494 | USD | 5309 | Morgan Stanley & Co. LLC | 9/26/25 | (162) |
| EUR | 57229 | USD | 65643 | Morgan Stanley & Co. LLC | 9/26/25 | (104) |
| USD | 68546 | EUR | 57927 | Citibank NA | 9/17/25 | 2247 |
| USD | 8656699 | EUR | 7419114 | Morgan Stanley & Co. LLC | 9/17/25 | 165318 |
| USD | 497072 | EUR | 428470 | Goldman Sachs & Co. LLC | 9/26/25 | 6385 |
| USD | 55386 | EUR | 47742 | Goldman Sachs & Co. LLC | 9/26/25 | 711 |
| USD | 55406 | EUR | 47742 | JPMorgan Chase Bank NA | 9/26/25 | 732 |
| USD | 497256 | EUR | 428470 | JPMorgan Chase Bank NA | 9/26/25 | 6569 |
| USD | 55338 | EUR | 47742 | Morgan Stanley & Co. LLC | 9/26/25 | 664 |
| USD | 496645 | EUR | 428470 | Morgan Stanley & Co. LLC | 9/26/25 | 5958 |
| USD | 13103 | EUR | 11199 | Morgan Stanley & Co. LLC | 9/26/25 | 278 |
| USD | 66715 | EUR | 56794 | Morgan Stanley & Co. LLC | 9/26/25 | 1674 |
| USD | 3750 | EUR | 3208 | Morgan Stanley & Co. LLC | 9/26/25 | 77 |
| USD | 4121 | EUR | 3526 | Morgan Stanley & Co. LLC | 9/26/25 | 83 |
| USD | 55088 | EUR | 46668 | Morgan Stanley & Co. LLC | 9/26/25 | 1644 |
| USD | 60067 | EUR | 50846 | Morgan Stanley & Co. LLC | 9/26/25 | 1838 |
| USD | 4338 | EUR | 3742 | Morgan Stanley & Co. LLC | 9/26/25 | 52 |
| USD | 55381 | EUR | 47742 | UBS AG | 9/26/25 | 707 |
| USD | 497034 | EUR | 428470 | UBS AG | 9/26/25 | 6347 |
| GBP | 787360 | USD | 1053412 | Morgan Stanley & Co. LLC | 9/17/25 | (13140) |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| GBP | 23306 | USD | 30853 | Goldman Sachs & Co. LLC | 9/26/25 | $(58) |
| USD | 1167525 | GBP | 857156 | Morgan Stanley & Co. LLC | 9/17/25 | 35037 |
| USD | 46560 | GBP | 33937 | Morgan Stanley & Co. LLC | 9/17/25 | 1722 |
| USD | 321922 | GBP | 240371 | Bank of America NA | 9/26/25 | 4312 |
| USD | 31241 | GBP | 22786 | Bank of America NA | 9/26/25 | 1133 |
| USD | 31553 | GBP | 23149 | Bank of America NA | 9/26/25 | 965 |
| USD | 34077 | GBP | 25383 | Bank of America NA | 9/26/25 | 538 |
| USD | 321974 | GBP | 240371 | Citibank NA | 9/26/25 | 4364 |
| USD | 322043 | GBP | 240371 | Goldman Sachs & Co. LLC | 9/26/25 | 4433 |
| HUF | 56102980 | USD | 159141 | Goldman Sachs & Co. LLC | 9/17/25 | 572 |
| USD | 159958 | HUF | 56102980 | Goldman Sachs & Co. LLC | 9/17/25 | 244 |
| USD | 728690 | IDR | 12043862540 | Citibank NA | 9/17/25 | (273) |
| USD | 330619 | IDR | 5395694076 | Goldman Sachs & Co. LLC | 9/17/25 | 4040 |
| INR | 60978411 | USD | 709583 | Bank of America NA | 9/17/25 | (14426) |
| USD | 694498 | INR | 60978411 | Citibank NA | 9/17/25 | (659) |
| USD | 976896 | JPY | 138575704 | Morgan Stanley & Co. LLC | 9/17/25 | 53449 |
| USD | 75861 | JPY | 10801197 | Morgan Stanley & Co. LLC | 9/17/25 | 3883 |
| USD | 439406 | JPY | 65125000 | Morgan Stanley & Co. LLC | 9/17/25 | 5423 |
| USD | 122741 | JPY | 18335052 | Morgan Stanley & Co. LLC | 9/17/25 | 559 |
| MXN | 26350760 | USD | 1391416 | JPMorgan Chase Bank NA | 9/17/25 | (1189) |
| USD | 623498 | MXN | 12003698 | Bank of America NA | 9/17/25 | (9799) |
| USD | 758402 | MXN | 14347061 | Goldman Sachs & Co. LLC | 9/17/25 | 1472 |
| MYR | 2050661 | USD | 487266 | Goldman Sachs & Co. LLC | 9/17/25 | (6226) |
| MYR | 1013029 | USD | 238640 | Morgan Stanley & Co. LLC | 9/17/25 | (1006) |
| USD | 969297 | MYR | 4076862 | Morgan Stanley & Co. LLC | 9/17/25 | 12953 |
| USD | 727092 | MYR | 3104685 | Morgan Stanley & Co. LLC | 9/17/25 | (1199) |
| NOK | 1842488 | USD | 178569 | Citibank NA | 9/17/25 | (307) |
| USD | 182632 | NOK | 1818227 | Citibank NA | 9/17/25 | 6716 |
| USD | 2289743 | NZD | 3784812 | Citibank NA | 9/17/25 | 56620 |
| USD | 875223 | NZD | 1439085 | Morgan Stanley & Co. LLC | 9/17/25 | 26130 |
| PEN | 466696 | USD | 128294 | Bank of America NA | 9/17/25 | 1444 |
| USD | 130574 | PEN | 466696 | Morgan Stanley & Co. LLC | 9/17/25 | 836 |
| PLN | 1973217 | USD | 528457 | Bank of America NA | 9/17/25 | (2305) |
| USD | 517847 | PLN | 1938887 | Morgan Stanley & Co. LLC | 9/17/25 | 849 |
| USD | 785284 | PLN | 2851450 | UBS AG | 9/17/25 | 24955 |
| RON | 1026838 | USD | 231388 | JPMorgan Chase Bank NA | 9/17/25 | (1082) |
| USD | 230651 | RON | 1026838 | Citibank NA | 9/17/25 | 346 |
| THB | 8423258 | USD | 259740 | Morgan Stanley & Co. LLC | 9/17/25 | (1096) |
| THB | 12016507 | USD | 369440 | UBS AG | 9/17/25 | (461) |
| USD | 625934 | THB | 20439765 | Morgan Stanley & Co. LLC | 9/17/25 | (1688) |
| TRY | 3410482 | USD | 78957 | Citibank NA | 9/17/25 | 1863 |
| USD | 80559 | TRY | 3410482 | Goldman Sachs & Co. LLC | 9/17/25 | (261) |
| USD | 359560 | ZAR | 6388695 | Goldman Sachs & Co. LLC | 9/17/25 | 9907 |
| USD | 528941 | ZAR | 9627277 | Goldman Sachs & Co. LLC | 9/17/25 | 2042 |
| ZAR | 9555698 | USD | 536142 | Bank of America NA | 9/17/25 | (13160) |
|  |  |  |  |  |  | $430790 |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| Canadian 10-Year Government Bonds | 15 | September 2025 | $1304706 | $8097 |
| Euro-Bund 10-Year Bonds | 18 | September 2025 | 2664245 | (12814) |
| Euro-OAT 10-Year Bonds | 13 | September 2025 | 1829080 | (22720) |
| Japanese 10-Year Government Bonds | 4 | September 2025 | 3661273 | (30729) |
| U.K. Gilt 10-Year Bonds | 47 | September 2025 | 5720421 | 56800 |
| U.S. Treasury 5-Year Notes | 79 | September 2025 | 8545578 | 9674 |
|  |  |  | $23725303 | $8308 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 48 | September 2025 | $9935250 | $3657 |
| U.S. Treasury 10-Year Notes | 7 | September 2025 | 777438 | (1553) |
|  |  |  | $10712688 | $2104 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** |
| **Reference Entity** | **Type**<sup>‡</sup> | **Fixed<br>Rate<br>Received<br>(Paid)<br>Quarterly** | **Termination<br>Date** | **Notional<br>Amount** | **Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Value^** |
| Markit iTraxx Europe Crossover Index Series 43 | Sell | 5.00% | 6/20/30 | EUR 1,800,000 | $197999 | $15446 | $213445 |
| Markit iTraxx Europe Senior Financial Index Series 42 | Sell | 1.00% | 12/20/29 | EUR 4,300,000 | 77274 | 31933 | 109207 |
|  |  |  |  |  | $275273 | $47379 | $322652 |

---

‡The maximum potential amount the fund could be required to deliver as a seller of credit protection if a credit event occurs as defined under the terms of the agreement is the notional amount. The maximum potential amount may be partially offset by any recovery values of the reference entities and upfront payments received upon entering into the agreement.

^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| ADR | – | American Depositary Receipt |
| AUD | – | Australian Dollar |
| BRL | – | Brazilian Real |
| CAD | – | Canadian Dollar |
| CLP | – | Chilean Peso |
| CNY | – | Chinese Yuan |
| COP | – | Colombian Peso |
| CVA | – | Certificaten Van Aandelen |
| CZK | – | Czech Koruna |
| EUR | – | Euro |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| GBP | – | British Pound |
| GDR | – | Global Depositary Receipt |
| GNMA | – | Government National Mortgage Association |
| GO | – | General Obligation |

---

------

Schedule of Investments - Strategic Allocation: Moderate Fund

---

| | | |
|:---|:---|:---|
| HUF | – | Hungarian Forint |
| IDR | – | Indonesian Rupiah |
| INR | – | Indian Rupee |
| JPY | – | Japanese Yen |
| LOC | – | Letter of Credit |
| MXN | – | Mexican Peso |
| MYR | – | Malaysian Ringgit |
| NOK | – | Norwegian Krone |
| NZD | – | New Zealand Dollar |
| PEN | – | Peruvian Sol |
| PLN | – | Polish Zloty |
| RON | – | Romanian New Leu |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| TBA | – | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. |
| THB | – | Thai Baht |
| TRY | – | Turkish Lira |
| UMBS | – | Uniform Mortgage-Backed Securities |
| USD | – | United States Dollar |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
| ZAR | – | South African Rand |

---

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.

(2)Non-income producing.

(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $12,037,568. 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.

(4)Security may be subject to resale, redemption or transferability restrictions.

(5)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $1,037,119.

(6)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $59,801,476, which represented 8.1% of total net assets.

(7)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

(8)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(9)Escrowed to maturity in U.S. government securities or state and local government securities.

(10)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.

(11)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $12,379,748, which includes securities collateral of $1,404,341.

------

Schedule of Investments - Strategic Allocation: Moderate Fund

**AFFILIATED FUND TRANSACTIONS**

A summary of transactions for each affiliated fund for the period ended July 31, 2025 follows (amounts in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Fund**<sup>(1)</sup> | **Beginning Value** | **Purchase <br>Cost** | **Sales <br>Cost** | **Change in Net Unrealized Appreciation (Depreciation)** | **Ending <br>Value** | **Ending <br>Shares** | **Net Realized <br>Gain (Loss)** | **Distributions <br>Received**<sup>(2)</sup> |
| American Century Diversified Corporate Bond ETF | $25464 | $3202 |  | $(92) | $28574 | 610 |  | $1366 |
| American Century Focused Dynamic Growth ETF<sup>(3)</sup> | 26011 |  | $3896 | 3419 | 25534 | 224 | $3923 |  |
| American Century Focused Large Cap Value ETF | 25222 | 360 | 1884 | 1036 | 24734 | 347 | 729 | 504 |
| American Century Multisector Income ETF | 35622 |  |  | 8 | 35630 | 813 |  | 2173 |
| American Century Quality Diversified International ETF | 28491 | 684 | 1363 | 4120 | 31932 | 556 | 200 | 860 |
| American Century Short Duration Strategic Income ETF | 4619 |  |  |  | 4619 | 90 |  | 248 |
| American Century U.S. Quality Growth ETF<sup>(4)</sup> | 39556 | 156 | 7353 | 3144 | 35503 | 325 | 6659 | 102 |
| American Century U.S. Quality Value ETF<sup>(4)</sup> | 39615 | 700 | 5253 | 565 | 35627 | 580 | 1252 | 694 |
| Avantis Emerging Markets Equity ETF<sup>(4)</sup> | 30406 | 12176 | 14249 | 1859 | 30192 | 436 | 2033 | 980 |
| Avantis International Equity ETF<sup>(4)</sup> | 16820 | 19240 | 14322 | 1455 | 23193 | 316 | 700 | 739 |
| Avantis International Small Cap Value ETF<sup>(4)</sup> | 8258 | 275 | 1136 | 1025 | 8422 | 105 | 370 | 347 |
| Avantis U.S. Equity ETF | 44845 | 3800 | 6934 | 1791 | 43502 | 422 | 2829 | 612 |
| Avantis U.S. Small Cap Value ETF | 12538 | 124 | 991 | (1259) | 10412 | 113 | 495 | 184 |
| American Century Emerging Markets Bond ETF | 9035 |  | 11533 | 2498 |  |  | (2399) | 106 |
|  | $346502 | $40717 | $68914 | $19569 | $337874 | 4937 | $16791 | $8915 |

---

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds. Additional information and attributes of each affiliated fund are available at americancentury.com or avantisinvestors.com.

(2)Distributions received includes distributions from net investment income and from capital gains, if any.

(3)Non-income producing.

(4)Security, or a portion thereof, is on loan.

------

Schedule of Investments - Strategic Allocation: Moderate Fund

**FAIR VALUE MEASUREMENTS**

The following is a summary of the fund's valuation inputs as of period end.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| **Investment Securities** | | | |
| Affiliated Funds | $337874360 |  |  |
| Common Stocks | 151466071 | $51856327 |  |
| U.S. Treasury Securities |  | 64663753 |  |
| U.S. Government Agency Mortgage-Backed Securities |  | 37588697 |  |
| Corporate Bonds |  | 19576068 |  |
| Sovereign Governments and Agencies |  | 19193220 |  |
| Collateralized Mortgage Obligations |  | 18093242 |  |
| Collateralized Loan Obligations |  | 5469999 |  |
| Commercial Mortgage-Backed Securities |  | 4265679 |  |
| Asset-Backed Securities |  | 2524272 |  |
| Preferred Securities |  | 1412468 |  |
| Exchange-Traded Funds | 1218193 |  |  |
| Municipal Securities |  | 459704 |  |
| Short-Term Investments | 24099832 | 26225181 |  |
|  | $514658456 | $251328610 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $13331 | $64897 |  |
| Swap Agreements |  | 322652 |  |
| Forward Foreign Currency Exchange Contracts |  | 532586 |  |
|  | $13331 | $920135 |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $1553 | $66263 |  |
| Forward Foreign Currency Exchange Contracts |  | 101796 |  |
|  | $1553 | $168059 |  |

---

**DERIVATIVE INSTRUMENTS**

As of period end, the value of derivative instruments located on the Statement of Assets and Liabilities were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit Risk** | **Foreign Currency Risk** | **Interest Rate Risk** | **Total** |
| **Asset Derivatives:** | | | | |
| &nbsp;&nbsp;Receivable for variation margin on futures contracts\* |  |  | $30336 | $30336 |
| &nbsp;&nbsp;Unrealized appreciation on forward foreign currency exchange contracts |  | $532586 |  | 532586 |
|  |  |  |  | $562922 |
| **Liability Derivatives:** |  |  |  |  |
| &nbsp;&nbsp;Payable for variation margin on swap agreements\* | $3926 |  |  | $3926 |
| &nbsp;&nbsp;Unrealized depreciation on forward foreign currency exchange contracts |  | $101796 |  | 101796 |
|  |  |  |  | $105722 |

---

\*Included in the unrealized appreciation (depreciation) on futures contracts or centrally cleared swap agreements, as applicable, as reported in the Schedule of Investments.

------

Schedule of Investments - Strategic Allocation: Moderate Fund

The following is a summary of the effect of derivative instruments on the Statement of Operations for the period ended July 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit Risk** | **Foreign Currency Risk** | **Interest Rate Risk** | **Total** |
| **Net realized gain (loss) on:** | | | | |
| &nbsp;&nbsp;Forward foreign currency exchange transactions |  | $(487572) |  | $(487572) |
| &nbsp;&nbsp;Futures contract transactions |  |  | $1369 | 1369 |
| &nbsp;&nbsp;Swap agreement transactions | $(26783) |  |  | (26783) |
|  |  |  |  | $(512986) |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |  |  |
| &nbsp;&nbsp;Forward foreign currency exchange contracts |  | $565708 |  | $565708 |
| &nbsp;&nbsp;Futures contracts |  |  | $(780585) | (780585) |
| &nbsp;&nbsp;Swap agreements | $286717 |  |  | 286717 |
|  |  |  |  | $71840 |

---

See Notes to Financial Statements.

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

**JULY 31, 2025**

---

| | | |
|:---|:---|:---|
|<br>**AFFILIATED FUNDS**<sup>(1)</sup> **— 52.7%** | **Shares/Principal Amount** | **Value** |
| American Century Diversified Corporate Bond ETF | 288278 | $13508707 |
| American Century Focused Dynamic Growth ETF<sup>(2)</sup> | 355990 | 40653773 |
| American Century Focused Large Cap Value ETF | 572401 | 40791814 |
| American Century Multisector Income ETF | 556847 | 24417741 |
| American Century Quality Diversified International ETF | 615533 | 35374681 |
| American Century Short Duration Strategic Income ETF | 70956 | 3646429 |
| American Century U.S. Quality Growth ETF | 350004 | 38276437 |
| American Century U.S. Quality Value ETF<sup>(3)</sup> | 610680 | 37486592 |
| Avantis Emerging Markets Equity ETF<sup>(3)</sup> | 567117 | 39227483 |
| Avantis International Equity ETF | 359119 | 26334196 |
| Avantis International Small Cap Value ETF<sup>(3)</sup> | 125989 | 10081640 |
| Avantis U.S. Equity ETF | 421448 | 43451289 |
| Avantis U.S. Small Cap Value ETF | 136266 | 12592341 |
| **TOTAL AFFILIATED FUNDS**<br>(Cost $238,158,787) |  | **365843123** |
| **COMMON STOCKS — 32.2%** |  |  |
| **Aerospace and Defense — 0.8%** |  |  |
| AAR Corp.<sup>(2)</sup> | 1752 | 130889 |
| Airbus SE | 2246 | 451570 |
| ATI, Inc.<sup>(2)</sup> | 1756 | 135107 |
| Axon Enterprise, Inc.<sup>(2)</sup> | 1051 | 794020 |
| Babcock International Group PLC | 7330 | 100497 |
| Chemring Group PLC | 6232 | 45133 |
| Curtiss-Wright Corp. | 929 | 455414 |
| Exosens SAS | 1398 | 65306 |
| HEICO Corp. | 1550 | 506540 |
| Hexcel Corp. | 8186 | 490423 |
| Howmet Aerospace, Inc. | 6933 | 1246345 |
| L3Harris Technologies, Inc. | 2456 | 674958 |
| Rheinmetall AG | 162 | 320678 |
|  |  | 5416880 |
| **Air Freight and Logistics — 0.1%** |  |  |
| Cargojet, Inc.<sup>(3)</sup> | 1064 | 75968 |
| Deutsche Post AG | 7548 | 338194 |
| FedEx Corp. | 610 | 136329 |
|  |  | 550491 |
| **Automobile Components — 0.3%** |  |  |
| BorgWarner, Inc. | 8316 | 306029 |
| Cie Generale des Etablissements Michelin SCA | 6794 | 241706 |
| Continental AG | 5506 | 470271 |
| Gentex Corp. | 8973 | 237067 |
| Hyundai Mobis Co. Ltd. | 2017 | 425626 |
| Linamar Corp. | 4273 | 206619 |
|  |  | 1887318 |
| **Automobiles — 0.3%** |  |  |
| Bayerische Motoren Werke AG | 5376 | 511534 |
| Ferrari NV | 1047 | 459117 |
| Kia Corp. | 2796 | 204585 |
| Mercedes-Benz Group AG | 6816 | 385924 |
| Tesla, Inc.<sup>(2)</sup> | 1910 | 588796 |
|  |  | 2149956 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| **Banks — 1.7%** | | |
| Bancorp, Inc.<sup>(2)</sup> | 2236 | $141226 |
| Bank Central Asia Tbk. PT | 785700 | 393789 |
| Bank of America Corp. | 12753 | 602834 |
| Bankinter SA | 4823 | 68845 |
| Barclays PLC | 185722 | 907813 |
| BAWAG Group AG<sup>(2)</sup> | 1263 | 159400 |
| BNP Paribas SA | 2356 | 214816 |
| BPER Banca SpA | 15718 | 154673 |
| Coastal Financial Corp.<sup>(2)</sup> | 791 | 76094 |
| Commerce Bancshares, Inc. | 12655 | 774486 |
| Commerzbank AG | 11577 | 422165 |
| First Hawaiian, Inc. | 8118 | 196862 |
| Hana Financial Group, Inc. | 2870 | 175469 |
| HDFC Bank Ltd. | 12033 | 276137 |
| ING Groep NV, Series N | 11242 | 262000 |
| JPMorgan Chase & Co. | 2360 | 699126 |
| Mebuki Financial Group, Inc. | 26200 | 142058 |
| NU Holdings Ltd., Class A<sup>(2)</sup> | 15973 | 195190 |
| PNC Financial Services Group, Inc. | 2699 | 513539 |
| Prosperity Bancshares, Inc. | 7673 | 511175 |
| Rakuten Bank Ltd.<sup>(2)</sup> | 8700 | 405261 |
| Regions Financial Corp. | 20360 | 515719 |
| Societe Generale SA | 21925 | 1399440 |
| Suruga Bank Ltd.<sup>(3)</sup> | 12700 | 116938 |
| Triumph Financial, Inc.<sup>(2)</sup> | 1350 | 76572 |
| Truist Financial Corp. | 18355 | 802297 |
| U.S. Bancorp | 21430 | 963493 |
| Westamerica Bancorporation | 5126 | 245535 |
| Woori Financial Group, Inc. | 10504 | 186374 |
|  |  | 11599326 |
| **Beverages — 0.2%** |  |  |
| Celsius Holdings, Inc.<sup>(2)</sup> | 2318 | 105098 |
| Heineken NV | 4169 | 327232 |
| Lifedrink Co., Inc. | 5000 | 74680 |
| PepsiCo, Inc. | 2336 | 322181 |
| Pernod Ricard SA<sup>(3)</sup> | 4121 | 423510 |
|  |  | 1252701 |
| **Biotechnology — 0.7%** |  |  |
| AbbVie, Inc. | 2025 | 382766 |
| ADMA Biologics, Inc.<sup>(2)</sup> | 7607 | 142251 |
| Alkermes PLC<sup>(2)</sup> | 2449 | 64874 |
| Alnylam Pharmaceuticals, Inc.<sup>(2)</sup> | 2053 | 805269 |
| Arcellx, Inc.<sup>(2)</sup> | 852 | 60824 |
| Arcutis Biotherapeutics, Inc.<sup>(2)</sup> | 3960 | 57737 |
| Argenx SE, ADR<sup>(2)</sup> | 608 | 407561 |
| Biohaven Ltd.<sup>(2)</sup> | 1553 | 23450 |
| Bridgebio Pharma, Inc.<sup>(2)</sup> | 2441 | 115386 |
| Celldex Therapeutics, Inc.<sup>(2)</sup> | 1656 | 36399 |
| Centessa Pharmaceuticals PLC, ADR<sup>(2)(3)</sup> | 2689 | 46170 |
| Crinetics Pharmaceuticals, Inc.<sup>(2)</sup> | 1561 | 44629 |
| CSL Ltd. | 2654 | 459100 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Cytokinetics, Inc.<sup>(2)</sup> | 1023 | $38506 |
| Gilead Sciences, Inc. | 2007 | 225366 |
| Grifols SA, Preference Shares | 15212 | 162937 |
| Insmed, Inc.<sup>(2)</sup> | 435 | 46667 |
| Madrigal Pharmaceuticals, Inc.<sup>(2)</sup> | 389 | 117676 |
| Metsera, Inc.<sup>(2)(3)</sup> | 715 | 23588 |
| Mineralys Therapeutics, Inc.<sup>(2)</sup> | 2077 | 29390 |
| Natera, Inc.<sup>(2)</sup> | 4697 | 627801 |
| Newamsterdam Pharma Co. NV<sup>(2)(3)</sup> | 911 | 19869 |
| Nuvalent, Inc., Class A<sup>(2)</sup> | 851 | 66676 |
| Protagonist Therapeutics, Inc.<sup>(2)</sup> | 1083 | 58330 |
| Revolution Medicines, Inc.<sup>(2)</sup> | 997 | 37158 |
| Scholar Rock Holding Corp.<sup>(2)</sup> | 1625 | 60206 |
| Telix Pharmaceuticals Ltd.<sup>(2)</sup> | 4205 | 56335 |
| Twist Bioscience Corp.<sup>(2)</sup> | 2003 | 67241 |
| Vaxcyte, Inc.<sup>(2)</sup> | 757 | 25700 |
| Vera Therapeutics, Inc.<sup>(2)</sup> | 1660 | 34511 |
| Vertex Pharmaceuticals, Inc.<sup>(2)</sup> | 566 | 258588 |
| Viking Therapeutics, Inc.<sup>(2)(3)</sup> | 717 | 23353 |
| Xenon Pharmaceuticals, Inc.<sup>(2)</sup> | 1560 | 47642 |
|  |  | 4673956 |
| **Broadline Retail — 0.5%** |  |  |
| Alibaba Group Holding Ltd. | 5900 | 88705 |
| Alibaba Group Holding Ltd., ADR | 3864 | 466114 |
| Amazon.com, Inc.<sup>(2)</sup> | 7443 | 1742481 |
| Coupang, Inc.<sup>(2)</sup> | 25119 | 739252 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(2)</sup> | 503 | 68725 |
| Ryohin Keikaku Co. Ltd. | 13900 | 650767 |
|  |  | 3756044 |
| **Building Products — 0.4%** |  |  |
| A.O. Smith Corp. | 4317 | 305600 |
| Cie de Saint-Gobain SA | 3215 | 368815 |
| Fortune Brands Innovations, Inc. | 2265 | 123533 |
| Hayward Holdings, Inc.<sup>(2)</sup> | 13715 | 210937 |
| Johnson Controls International PLC | 11991 | 1259055 |
| Sanwa Holdings Corp. | 2100 | 57292 |
| Trex Co., Inc.<sup>(2)</sup> | 2948 | 189380 |
|  |  | 2514612 |
| **Capital Markets — 1.3%** |  |  |
| Ameriprise Financial, Inc. | 575 | 297959 |
| Ares Management Corp., Class A | 6711 | 1245092 |
| Bank of New York Mellon Corp. | 2409 | 244393 |
| Blackrock, Inc. | 275 | 304153 |
| Coinbase Global, Inc., Class A<sup>(2)</sup> | 661 | 249699 |
| flatexDEGIRO AG | 3379 | 102124 |
| Hamilton Lane, Inc., Class A | 987 | 150320 |
| Intercontinental Exchange, Inc. | 1369 | 253032 |
| KKR & Co., Inc. | 1826 | 267655 |
| London Stock Exchange Group PLC | 3450 | 420538 |
| LPL Financial Holdings, Inc. | 3465 | 1371204 |
| Marex Group PLC | 2556 | 98611 |
| Morgan Stanley | 4090 | 582661 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| MSCI, Inc. | 1104 | $619741 |
| Northern Trust Corp. | 5766 | 749580 |
| P10, Inc., Class A | 6153 | 75682 |
| Piper Sandler Cos. | 382 | 120452 |
| Raymond James Financial, Inc. | 1366 | 228300 |
| S&P Global, Inc. | 940 | 518034 |
| St. James's Place PLC | 6645 | 114366 |
| Swissquote Group Holding SA | 145 | 96345 |
| T. Rowe Price Group, Inc. | 3900 | 395655 |
| TPG, Inc. | 5850 | 333860 |
| XP, Inc., Class A | 21183 | 341894 |
|  |  | 9181350 |
| **Chemicals — 0.4%** |  |  |
| Air Liquide SA | 2946 | 579586 |
| Akzo Nobel NV | 3388 | 212771 |
| Arkema SA | 5516 | 375096 |
| Ecolab, Inc. | 1175 | 307568 |
| Element Solutions, Inc. | 21714 | 512450 |
| Linde PLC | 1002 | 461181 |
| PPG Industries, Inc. | 3291 | 347200 |
| Resonac Holdings Corp. | 3400 | 81764 |
| Sensient Technologies Corp. | 1191 | 133737 |
| Tokyo Ohka Kogyo Co. Ltd. | 4000 | 109558 |
|  |  | 3120911 |
| **Commercial Services and Supplies — 0.3%** |  |  |
| ABM Industries, Inc. | 7357 | 339378 |
| Casella Waste Systems, Inc., Class A<sup>(2)</sup> | 1342 | 145916 |
| Clean Harbors, Inc.<sup>(2)</sup> | 455 | 107294 |
| Copart, Inc.<sup>(2)</sup> | 3677 | 166678 |
| Daiei Kankyo Co. Ltd. | 4700 | 96845 |
| GFL Environmental, Inc. | 10314 | 519207 |
| Mitie Group PLC | 26221 | 48621 |
| OPENLANE, Inc.<sup>(2)</sup> | 5194 | 127980 |
| Republic Services, Inc. | 2192 | 505585 |
| SPIE SA | 1828 | 107580 |
|  |  | 2165084 |
| **Communications Equipment — 0.2%** |  |  |
| Arista Networks, Inc.<sup>(2)</sup> | 2311 | 284761 |
| Ciena Corp.<sup>(2)</sup> | 4194 | 389371 |
| Extreme Networks, Inc.<sup>(2)</sup> | 5100 | 90066 |
| F5, Inc.<sup>(2)</sup> | 683 | 214066 |
| Motorola Solutions, Inc. | 861 | 377962 |
|  |  | 1356226 |
| **Construction and Engineering — 0.2%** |  |  |
| AtkinsRealis Group, Inc. | 1760 | 124620 |
| Construction Partners, Inc., Class A<sup>(2)</sup> | 1790 | 180522 |
| EMCOR Group, Inc. | 1219 | 764910 |
| Kinden Corp. | 3800 | 119650 |
| Ventia Services Group Pty. Ltd. | 31561 | 105091 |
| Vinci SA | 1640 | 227810 |
|  |  | 1522603 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| **Construction Materials — 0.2%** | | |
| CRH PLC | 5325 | $508271 |
| Eagle Materials, Inc. | 1762 | 395199 |
| Knife River Corp.<sup>(2)</sup> | 710 | 58561 |
| Titan America SA<sup>(2)</sup> | 5783 | 82986 |
| Vulcan Materials Co. | 1553 | 426563 |
| Wienerberger AG | 703 | 23566 |
|  |  | 1495146 |
| **Consumer Finance — 0.1%** |  |  |
| American Express Co. | 1095 | 327745 |
| Cembra Money Bank AG | 822 | 92253 |
| Dave, Inc.<sup>(2)</sup> | 351 | 82766 |
| Zip Co. Ltd.<sup>(2)(3)</sup> | 56439 | 114456 |
|  |  | 617220 |
| **Consumer Staples Distribution & Retail — 0.5%** |  |  |
| BGF retail Co. Ltd. | 4195 | 339809 |
| Casey's General Stores, Inc. | 791 | 411423 |
| Costco Wholesale Corp. | 341 | 320417 |
| Kobe Bussan Co. Ltd. | 900 | 23967 |
| Koninklijke Ahold Delhaize NV<sup>(3)</sup> | 11425 | 451246 |
| Maplebear, Inc.<sup>(2)</sup> | 9329 | 447512 |
| Marks & Spencer Group PLC | 5270 | 24203 |
| PriceSmart, Inc. | 1133 | 121798 |
| Redcare Pharmacy NV<sup>(2)</sup> | 361 | 39959 |
| Sprouts Farmers Market, Inc.<sup>(2)</sup> | 4517 | 684506 |
| Sysco Corp. | 4388 | 349285 |
| Tsuruha Holdings, Inc.<sup>(3)</sup> | 1300 | 95686 |
|  |  | 3309811 |
| **Containers and Packaging — 0.3%** |  |  |
| Ball Corp. | 3787 | 216843 |
| Graphic Packaging Holding Co. | 34539 | 772292 |
| Packaging Corp. of America | 2972 | 575825 |
| Verallia SA | 12651 | 407033 |
|  |  | 1971993 |
| **Distributors — 0.1%** |  |  |
| D'ieteren Group | 353 | 69729 |
| LKQ Corp. | 4571 | 134707 |
| Pool Corp. | 1484 | 457280 |
|  |  | 661716 |
| **Diversified Consumer Services — 0.1%** |  |  |
| Bright Horizons Family Solutions, Inc.<sup>(2)</sup> | 2180 | 246558 |
| Duolingo, Inc.<sup>(2)</sup> | 1003 | 347590 |
| OneSpaWorld Holdings Ltd. | 5821 | 128760 |
| Stride, Inc.<sup>(2)</sup> | 1038 | 133103 |
|  |  | 856011 |
| **Diversified REITs — 0.2%** |  |  |
| British Land Co. PLC | 48510 | 222949 |
| CapitaLand Integrated Commercial Trust | 136100 | 229799 |
| Charter Hall Group | 15019 | 193495 |
| Essential Properties Realty Trust, Inc. | 8354 | 254714 |
| GO Residential Real Estate Investment Trust<sup>(2)</sup> | 10115 | 136553 |
| Merlin Properties Socimi SA | 20549 | 284522 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Stockland | 68484 | $242795 |
|  |  | 1564827 |
| **Diversified Telecommunication Services — 0.1%** |  |  |
| Cellnex Telecom SA<sup>(3)</sup> | 2709 | 95599 |
| Globalstar, Inc.<sup>(2)</sup> | 1708 | 40121 |
| Orange SA | 6168 | 93822 |
| Telkom Indonesia Persero Tbk. PT | 2399500 | 421340 |
| Verizon Communications, Inc. | 3382 | 144614 |
|  |  | 795496 |
| **Electric Utilities — 0.5%** |  |  |
| Duke Energy Corp. | 2088 | 253984 |
| Evergy, Inc. | 10061 | 712319 |
| Eversource Energy | 9094 | 601113 |
| Iberdrola SA | 33174 | 583077 |
| NextEra Energy, Inc. | 8974 | 637693 |
| PPL Corp. | 2415 | 86191 |
| Xcel Energy, Inc. | 9842 | 722797 |
|  |  | 3597174 |
| **Electrical Equipment — 0.5%** |  |  |
| Eaton Corp. PLC | 976 | 375487 |
| Emerson Electric Co. | 1539 | 223940 |
| Furukawa Electric Co. Ltd. | 1500 | 90603 |
| GE Vernova, Inc. | 350 | 231101 |
| Hubbell, Inc. | 618 | 270363 |
| Legrand SA | 351 | 51845 |
| Regal Rexnord Corp. | 746 | 114048 |
| Schneider Electric SE | 1788 | 462722 |
| Siemens Energy AG<sup>(2)</sup> | 5471 | 633425 |
| Sinfonia Technology Co. Ltd. | 1200 | 75366 |
| SWCC Corp. | 2600 | 155649 |
| Vertiv Holdings Co., Class A | 5724 | 833414 |
|  |  | 3517963 |
| **Electronic Equipment, Instruments and Components — 0.2%** |  |  |
| Anritsu Corp. | 5600 | 60361 |
| CDW Corp. | 1036 | 180658 |
| Cognex Corp. | 531 | 21649 |
| Itron, Inc.<sup>(2)</sup> | 611 | 76094 |
| Keyence Corp. | 900 | 325558 |
| Littelfuse, Inc. | 535 | 137672 |
| Maruwa Co. Ltd. | 500 | 150709 |
| Mirion Technologies, Inc., Class A<sup>(2)</sup> | 5875 | 131306 |
| Ralliant Corp.<sup>(2)</sup> | 3692 | 168798 |
| TD SYNNEX Corp. | 613 | 88511 |
| TE Connectivity PLC | 1702 | 350186 |
|  |  | 1691502 |
| **Energy Equipment and Services — 0.2%** |  |  |
| Baker Hughes Co. | 16740 | 754137 |
| DOF Group ASA | 8759 | 80200 |
| Expro Group Holdings NV<sup>(2)</sup> | 11116 | 119830 |
| SBM Offshore NV<sup>(3)</sup> | 3910 | 101970 |
| Schlumberger NV | 11032 | 372882 |
| Subsea 7 SA | 5199 | 100751 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| TechnipFMC PLC | 950 | $34552 |
| Transocean Ltd.<sup>(2)</sup> | 35964 | 105015 |
|  |  | 1669337 |
| **Entertainment — 0.3%** |  |  |
| CTS Eventim AG & Co. KGaA | 515 | 58156 |
| Liberty Media Corp.-Liberty Formula One, Class C<sup>(2)</sup> | 772 | 77470 |
| Netflix, Inc.<sup>(2)</sup> | 386 | 447529 |
| ROBLOX Corp., Class A<sup>(2)</sup> | 9118 | 1256369 |
| Spotify Technology SA<sup>(2)</sup> | 658 | 412263 |
|  |  | 2251787 |
| **Financial Services — 0.5%** |  |  |
| Adyen NV<sup>(2)</sup> | 301 | 516260 |
| Banco Latinoamericano de Comercio Exterior SA | 1103 | 44076 |
| Block, Inc.<sup>(2)</sup> | 7677 | 593125 |
| Corpay, Inc.<sup>(2)</sup> | 2541 | 820870 |
| Fiserv, Inc.<sup>(2)</sup> | 1374 | 190904 |
| Mastercard, Inc., Class A | 1479 | 837809 |
| Shift4 Payments, Inc., Class A<sup>(2)(3)</sup> | 704 | 72512 |
| Visa, Inc., Class A | 1249 | 431492 |
|  |  | 3507048 |
| **Food Products — 0.2%** |  |  |
| Aryzta AG<sup>(2)</sup> | 517 | 48522 |
| Conagra Brands, Inc. | 18905 | 345205 |
| Freshpet, Inc.<sup>(2)</sup> | 886 | 60532 |
| General Mills, Inc. | 4778 | 234026 |
| Kerry Group PLC, Class A | 4247 | 392295 |
| Mondelez International, Inc., Class A | 2240 | 144906 |
| Toyo Suisan Kaisha Ltd. | 1400 | 89444 |
| Vital Farms, Inc.<sup>(2)</sup> | 2503 | 93112 |
|  |  | 1408042 |
| **Gas Utilities — 0.1%** |  |  |
| Nippon Gas Co. Ltd. | 2500 | 45479 |
| ONE Gas, Inc. | 6660 | 484182 |
| Spire, Inc. | 6823 | 508109 |
|  |  | 1037770 |
| **Ground Transportation — 0.4%** |  |  |
| CSX Corp. | 22129 | 786465 |
| Knight-Swift Transportation Holdings, Inc. | 2996 | 127330 |
| Kyushu Railway Co. | 1200 | 29019 |
| Norfolk Southern Corp. | 4000 | 1112000 |
| Schneider National, Inc., Class B | 3970 | 97067 |
| Uber Technologies, Inc.<sup>(2)</sup> | 2843 | 249473 |
| Union Pacific Corp. | 957 | 212425 |
|  |  | 2613779 |
| **Health Care Equipment and Supplies — 1.1%** |  |  |
| Alphatec Holdings, Inc.<sup>(2)</sup> | 14148 | 149686 |
| Becton Dickinson & Co. | 4101 | 731003 |
| Dexcom, Inc.<sup>(2)</sup> | 10971 | 886128 |
| Eckert & Ziegler SE | 898 | 68314 |
| Envista Holdings Corp.<sup>(2)</sup> | 15184 | 286826 |
| EssilorLuxottica SA | 910 | 270592 |
| GE HealthCare Technologies, Inc. | 11610 | 828025 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Hologic, Inc.<sup>(2)</sup> | 7200 | $481104 |
| IDEXX Laboratories, Inc.<sup>(2)</sup> | 1414 | 755514 |
| Insulet Corp.<sup>(2)</sup> | 2089 | 602468 |
| Integer Holdings Corp.<sup>(2)</sup> | 872 | 94621 |
| Intuitive Surgical, Inc.<sup>(2)</sup> | 592 | 284805 |
| Medtronic PLC | 5287 | 477099 |
| SI-BONE, Inc.<sup>(2)</sup> | 5322 | 90634 |
| Terumo Corp. | 27800 | 471412 |
| UFP Technologies, Inc.<sup>(2)</sup> | 600 | 135834 |
| Ypsomed Holding AG<sup>(3)</sup> | 138 | 66027 |
| Zimmer Biomet Holdings, Inc. | 13988 | 1282000 |
|  |  | 7962092 |
| **Health Care Providers and Services — 0.8%** |  |  |
| Cencora, Inc. | 4480 | 1281639 |
| Chartwell Retirement Residences | 31791 | 406336 |
| Cigna Group | 1114 | 297861 |
| Encompass Health Corp. | 1272 | 140060 |
| Ensign Group, Inc. | 1323 | 198450 |
| Galenica AG | 481 | 51048 |
| HealthEquity, Inc.<sup>(2)</sup> | 1309 | 126973 |
| Henry Schein, Inc.<sup>(2)</sup> | 13972 | 945206 |
| Labcorp Holdings, Inc. | 2892 | 752151 |
| NeoGenomics, Inc.<sup>(2)</sup> | 657 | 3180 |
| Pediatrix Medical Group, Inc.<sup>(2)</sup> | 4117 | 50433 |
| Quest Diagnostics, Inc. | 2351 | 393581 |
| RadNet, Inc.<sup>(2)</sup> | 2632 | 144049 |
| Talkspace, Inc.<sup>(2)</sup> | 15434 | 37505 |
| U.S. Physical Therapy, Inc. | 423 | 30943 |
| UnitedHealth Group, Inc. | 788 | 196653 |
| Universal Health Services, Inc., Class B | 2200 | 366190 |
|  |  | 5422258 |
| **Health Care REITs — 0.6%** |  |  |
| Aedifica SA | 3810 | 280370 |
| American Healthcare REIT, Inc. | 9978 | 385550 |
| CareTrust REIT, Inc. | 7330 | 233094 |
| Healthpeak Properties, Inc. | 24293 | 411523 |
| Ventas, Inc. | 15482 | 1040081 |
| Welltower, Inc. | 9352 | 1543735 |
|  |  | 3894353 |
| **Health Care Technology — 0.1%** |  |  |
| Phreesia, Inc.<sup>(2)</sup> | 2387 | 64354 |
| Pro Medicus Ltd. | 232 | 47642 |
| RaySearch Laboratories AB | 1883 | 64536 |
| Schrodinger, Inc.<sup>(2)</sup> | 2471 | 50235 |
| Veeva Systems, Inc., Class A<sup>(2)</sup> | 2240 | 636608 |
|  |  | 863375 |
| **Hotel & Resort REITs — 0.1%** |  |  |
| Host Hotels & Resorts, Inc. | 13225 | 207897 |
| Invincible Investment Corp. | 259 | 115195 |
| Japan Hotel REIT Investment Corp. | 200 | 109915 |
|  |  | 433007 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| **Hotels, Restaurants and Leisure — 1.2%** | | |
| Airbnb, Inc., Class A<sup>(2)</sup> | 2528 | $334732 |
| Booking Holdings, Inc. | 49 | 269699 |
| Brinker International, Inc.<sup>(2)</sup> | 948 | 149405 |
| Chipotle Mexican Grill, Inc.<sup>(2)</sup> | 10125 | 434160 |
| DoorDash, Inc., Class A<sup>(2)</sup> | 1366 | 341841 |
| Flutter Entertainment PLC<sup>(2)</sup> | 2368 | 715752 |
| Hilton Worldwide Holdings, Inc. | 7349 | 1970120 |
| Life Time Group Holdings, Inc.<sup>(2)</sup> | 4602 | 132169 |
| MakeMyTrip Ltd.<sup>(2)</sup> | 4456 | 417037 |
| Planet Fitness, Inc., Class A<sup>(2)</sup> | 1651 | 180273 |
| Round One Corp. | 13800 | 141714 |
| Royal Caribbean Cruises Ltd. | 4152 | 1319796 |
| Sodexo SA | 4146 | 246577 |
| Trip.com Group Ltd., ADR | 7037 | 435942 |
| Viking Holdings Ltd.<sup>(2)</sup> | 6251 | 367059 |
| Whitbread PLC | 11269 | 452685 |
| Wingstop, Inc. | 1077 | 406395 |
|  |  | 8315356 |
| **Household Durables — 0.4%** |  |  |
| Barratt Redrow PLC | 65055 | 320360 |
| Breville Group Ltd.<sup>(3)</sup> | 2453 | 51301 |
| Champion Homes, Inc.<sup>(2)</sup> | 1887 | 114918 |
| De' Longhi SpA | 2092 | 68615 |
| Mohawk Industries, Inc.<sup>(2)</sup> | 3459 | 396090 |
| Neinor Homes SA<sup>(2)(3)</sup> | 12470 | 242376 |
| PulteGroup, Inc. | 3691 | 416788 |
| Taylor Wimpey PLC | 333949 | 449323 |
| TopBuild Corp.<sup>(2)</sup> | 1118 | 414141 |
|  |  | 2473912 |
| **Household Products — 0.5%** |  |  |
| Church & Dwight Co., Inc. | 7038 | 659953 |
| Colgate-Palmolive Co. | 1903 | 159567 |
| Henkel AG & Co. KGaA, Preference Shares | 4776 | 368034 |
| Kimberly-Clark Corp. | 5456 | 679927 |
| Procter & Gamble Co. | 3263 | 490984 |
| Reckitt Benckiser Group PLC | 13456 | 1008470 |
|  |  | 3366935 |
| **Independent Power and Renewable Electricity Producers — 0.3%** |  |  |
| Talen Energy Corp.<sup>(2)</sup> | 390 | 147252 |
| TransAlta Corp. | 6421 | 77251 |
| Vistra Corp. | 8217 | 1713573 |
|  |  | 1938076 |
| **Industrial Conglomerates — 0.1%** |  |  |
| Hitachi Ltd. | 13600 | 416169 |
| Honeywell International, Inc. | 1167 | 259482 |
|  |  | 675651 |
| **Industrial REITs — 0.5%** |  |  |
| EastGroup Properties, Inc. | 1768 | 288608 |
| Goodman Group | 39114 | 874529 |
| Prologis, Inc. | 15816 | 1688832 |
| STAG Industrial, Inc. | 4301 | 147653 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Tritax Big Box REIT PLC | 27884 | $51868 |
| Warehouses De Pauw CVA | 8846 | 206432 |
|  |  | 3257922 |
| **Insurance — 0.8%** |  |  |
| Aegon Ltd. | 38296 | 273683 |
| Allstate Corp. | 2016 | 409752 |
| Beazley PLC | 3945 | 46483 |
| Goosehead Insurance, Inc., Class A | 713 | 64819 |
| Hanover Insurance Group, Inc. | 1562 | 268086 |
| HCI Group, Inc. | 472 | 66099 |
| Intact Financial Corp. | 1435 | 296611 |
| Kinsale Capital Group, Inc. | 245 | 107969 |
| Marsh & McLennan Cos., Inc. | 1073 | 213742 |
| MetLife, Inc. | 4094 | 310939 |
| Palomar Holdings, Inc.<sup>(2)</sup> | 856 | 113411 |
| Phoenix Financial Ltd. | 3011 | 102594 |
| Progressive Corp. | 886 | 214447 |
| Prudential PLC | 47575 | 603545 |
| Reinsurance Group of America, Inc. | 3530 | 679349 |
| Root, Inc., Class A<sup>(2)</sup> | 652 | 78912 |
| Ryan Specialty Holdings, Inc., Class A | 8673 | 530701 |
| Slide Insurance Holdings, Inc.<sup>(2)</sup> | 2666 | 50121 |
| Storebrand ASA | 8255 | 117223 |
| Willis Towers Watson PLC | 2924 | 923428 |
|  |  | 5471914 |
| **Interactive Media and Services — 0.7%** |  |  |
| Alphabet, Inc., Class A | 9313 | 1787165 |
| CAR Group Ltd. | 2054 | 49993 |
| Meta Platforms, Inc., Class A | 1686 | 1304020 |
| Pinterest, Inc., Class A<sup>(2)</sup> | 16825 | 649445 |
| Scout24 SE | 972 | 129900 |
| Tencent Holdings Ltd. | 10700 | 749130 |
|  |  | 4669653 |
| **IT Services — 0.7%** |  |  |
| Accenture PLC, Class A | 1131 | 302090 |
| Amdocs Ltd. | 5917 | 505075 |
| BIPROGY, Inc. | 1800 | 72585 |
| Capgemini SE | 610 | 90815 |
| Cloudflare, Inc., Class A<sup>(2)</sup> | 6336 | 1315860 |
| Cognizant Technology Solutions Corp., Class A | 5336 | 382911 |
| GDS Holdings Ltd., ADR<sup>(2)</sup> | 5537 | 199720 |
| Grid Dynamics Holdings, Inc.<sup>(2)</sup> | 2418 | 22947 |
| International Business Machines Corp. | 1931 | 488833 |
| Kontron AG | 1530 | 49358 |
| MongoDB, Inc.<sup>(2)</sup> | 529 | 125844 |
| NEC Corp. | 26500 | 760971 |
| NEXTDC Ltd.<sup>(2)</sup> | 11933 | 109880 |
| SCSK Corp. | 3100 | 96456 |
|  |  | 4523345 |
| **Leisure Products — 0.0%** |  |  |
| MIPS AB<sup>(3)</sup> | 1133 | 48018 |
| Technogym SpA | 3994 | 61624 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Thule Group AB<sup>(3)</sup> | 1659 | $46919 |
| Yonex Co. Ltd. | 3400 | 66761 |
|  |  | 223322 |
| **Life Sciences Tools and Services — 0.6%** |  |  |
| Agilent Technologies, Inc. | 3967 | 455451 |
| Avantor, Inc.<sup>(2)</sup> | 3462 | 46529 |
| Bio-Techne Corp. | 8811 | 482226 |
| Danaher Corp. | 1976 | 389588 |
| ICON PLC<sup>(2)</sup> | 1269 | 214702 |
| IQVIA Holdings, Inc.<sup>(2)</sup> | 4598 | 854584 |
| Lonza Group AG | 890 | 620303 |
| Mettler-Toledo International, Inc.<sup>(2)</sup> | 294 | 362702 |
| Siegfried Holding AG<sup>(2)(3)</sup> | 201 | 22473 |
| Thermo Fisher Scientific, Inc. | 606 | 283414 |
| West Pharmaceutical Services, Inc. | 1844 | 441196 |
|  |  | 4173168 |
| **Machinery — 0.8%** |  |  |
| Albany International Corp., Class A | 2432 | 131790 |
| Alstom SA<sup>(2)</sup> | 23686 | 555586 |
| Crane Co. | 2200 | 430694 |
| Cummins, Inc. | 2661 | 978237 |
| Daimler Truck Holding AG | 5369 | 261176 |
| Deere & Co. | 452 | 237015 |
| Doosan Bobcat, Inc.<sup>(2)</sup> | 4403 | 174549 |
| Dover Corp. | 891 | 161396 |
| Fluidra SA<sup>(3)</sup> | 2406 | 60007 |
| Fortive Corp. | 3384 | 162195 |
| Gates Industrial Corp. PLC<sup>(2)</sup> | 2024 | 50195 |
| Konecranes OYJ | 1533 | 127748 |
| Organo Corp. | 2000 | 123231 |
| Oshkosh Corp. | 4516 | 571410 |
| Parker-Hannifin Corp. | 300 | 219570 |
| RBC Bearings, Inc.<sup>(2)</sup> | 341 | 132083 |
| RENK Group AG | 1293 | 100372 |
| Sulzer AG | 289 | 55607 |
| Timken Co. | 5229 | 397875 |
| Toro Co. | 4039 | 299896 |
| Weir Group PLC | 3539 | 124328 |
| Xylem, Inc. | 2660 | 384689 |
|  |  | 5739649 |
| **Media — 0.2%** |  |  |
| CyberAgent, Inc. | 9300 | 93143 |
| Magnite, Inc.<sup>(2)</sup> | 5594 | 128718 |
| New York Times Co., Class A | 1499 | 77783 |
| Omnicom Group, Inc. | 4844 | 349010 |
| Publicis Groupe SA | 2584 | 236130 |
| Trade Desk, Inc., Class A<sup>(2)</sup> | 8566 | 744900 |
|  |  | 1629684 |
| **Metals and Mining — 0.1%** |  |  |
| Acerinox SA | 3842 | 44335 |
| Alamos Gold, Inc., Class A | 2972 | 72219 |
| Capstone Copper Corp.<sup>(2)</sup> | 13793 | 77347 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Carpenter Technology Corp. | 645 | $160856 |
| GMK Norilskiy Nickel PAO<sup>(2)(4)</sup> | 244600 | 3 |
| Reliance, Inc. | 1382 | 400960 |
| Sandfire Resources Ltd.<sup>(2)</sup> | 7014 | 47187 |
| Torex Gold Resources, Inc.<sup>(2)</sup> | 2917 | 82167 |
| Vale SA | 16100 | 153221 |
|  |  | 1038295 |
| **Multi-Utilities — 0.1%** |  |  |
| Hera SpA | 11183 | 47852 |
| Northwestern Energy Group, Inc. | 12638 | 678660 |
|  |  | 726512 |
| **Office REITs — 0.1%** |  |  |
| Cousins Properties, Inc. | 4867 | 131896 |
| Kilroy Realty Corp. | 4206 | 155033 |
| Mindspace Business Parks REIT | 22295 | 105047 |
| Orix JREIT, Inc. | 126 | 164711 |
| SL Green Realty Corp. | 1531 | 87650 |
| Vornado Realty Trust | 4402 | 169125 |
|  |  | 813462 |
| **Oil, Gas and Consumable Fuels — 0.8%** |  |  |
| Cheniere Energy, Inc. | 1345 | 317259 |
| Coterra Energy, Inc. | 17957 | 437971 |
| Diamondback Energy, Inc. | 2468 | 366893 |
| Eni SpA | 7853 | 134030 |
| Enterprise Products Partners LP | 33936 | 1051677 |
| Expand Energy Corp. | 3123 | 327228 |
| Friedrich Vorwerk Group SE | 401 | 38974 |
| Gaztransport Et Technigaz SA | 729 | 137114 |
| Kosmos Energy Ltd.<sup>(2)</sup> | 41170 | 88515 |
| NAC Kazatomprom JSC, GDR | 8705 | 358246 |
| Occidental Petroleum Corp. | 8421 | 370019 |
| Permian Resources Corp. | 16751 | 237194 |
| Repsol SA | 34411 | 521731 |
| Shell PLC | 10705 | 384664 |
| Targa Resources Corp. | 4007 | 666805 |
| TC Energy Corp. | 3256 | 155468 |
| Williams Cos., Inc. | 5079 | 304486 |
|  |  | 5898274 |
| **Paper and Forest Products — 0.0%** |  |  |
| Mondi PLC | 15103 | 204166 |
| **Passenger Airlines — 0.1%** |  |  |
| Southwest Airlines Co. | 14497 | 448392 |
| **Personal Care Products — 0.2%** |  |  |
| elf Beauty, Inc.<sup>(2)</sup> | 416 | 50415 |
| Estee Lauder Cos., Inc., Class A | 5465 | 510103 |
| Kenvue, Inc. | 42260 | 906054 |
| L'Oreal SA | 354 | 157292 |
|  |  | 1623864 |
| **Pharmaceuticals — 0.6%** |  |  |
| ALK-Abello AS<sup>(2)</sup> | 3554 | 103115 |
| AstraZeneca PLC, ADR | 5317 | 388620 |
| AstraZeneca PLC | 3422 | 499241 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Bristol-Myers Squibb Co. | 2461 | $106586 |
| Edgewise Therapeutics, Inc.<sup>(2)</sup> | 1909 | 27222 |
| Eli Lilly & Co. | 687 | 508428 |
| Galderma Group AG | 2903 | 447405 |
| GSK PLC | 39063 | 718524 |
| Haleon PLC | 23100 | 108354 |
| Hikma Pharmaceuticals PLC | 4369 | 112927 |
| Merck & Co., Inc. | 2206 | 172333 |
| Roche Holding AG | 1032 | 322059 |
| Sanofi SA | 940 | 84384 |
| Verona Pharma PLC, ADR<sup>(2)</sup> | 653 | 68624 |
| Zoetis, Inc. | 2050 | 298870 |
|  |  | 3966692 |
| **Professional Services — 0.7%** |  |  |
| Adecco Group AG | 20620 | 649285 |
| ALS Ltd. | 8902 | 103490 |
| Automatic Data Processing, Inc. | 914 | 282883 |
| BayCurrent, Inc. | 1600 | 91872 |
| CACI International, Inc., Class A<sup>(2)</sup> | 406 | 186991 |
| Equifax, Inc. | 865 | 207799 |
| Experian PLC | 11185 | 589346 |
| First Advantage Corp.<sup>(2)</sup> | 5719 | 98882 |
| Paylocity Holding Corp.<sup>(2)</sup> | 539 | 99650 |
| Randstad NV | 11267 | 535514 |
| RELX PLC | 11612 | 603372 |
| TechnoPro Holdings, Inc. | 2500 | 79176 |
| Teleperformance SE | 6411 | 625016 |
| Verisk Analytics, Inc. | 2107 | 587242 |
| Verra Mobility Corp.<sup>(2)</sup> | 5094 | 128674 |
|  |  | 4869192 |
| **Real Estate Management and Development — 0.2%** |  |  |
| CBRE Group, Inc., Class A<sup>(2)</sup> | 1618 | 251987 |
| Colliers International Group, Inc. | 810 | 122075 |
| CTP NV | 11964 | 253740 |
| FirstService Corp. (Toronto) | 510 | 100528 |
| Grainger PLC | 17047 | 46088 |
| Katitas Co. Ltd. | 5400 | 90548 |
| Mitsui Fudosan Co. Ltd. | 22200 | 198430 |
| PSP Swiss Property AG | 300 | 50899 |
| Sumitomo Realty & Development Co. Ltd. | 5600 | 204563 |
| TAG Immobilien AG | 2687 | 43202 |
| Tokyo Tatemono Co. Ltd. | 12000 | 200819 |
|  |  | 1562879 |
| **Residential REITs — 0.4%** |  |  |
| American Homes 4 Rent, Class A | 6564 | 227705 |
| AvalonBay Communities, Inc. | 2389 | 445023 |
| Camden Property Trust | 1295 | 141414 |
| Equity Residential | 9731 | 614999 |
| Essex Property Trust, Inc. | 1818 | 473007 |
| Invitation Homes, Inc. | 10841 | 332277 |
| UDR, Inc. | 5875 | 230829 |
|  |  | 2465254 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| **Retail REITs — 0.6%** | | |
| Agree Realty Corp.<sup>(3)</sup> | 2248 | $161181 |
| Brixmor Property Group, Inc. | 9928 | 259419 |
| Charter Hall Retail REIT | 36061 | 89628 |
| Frasers Centrepoint Trust | 54000 | 92086 |
| Japan Metropolitan Fund Invest | 484 | 352024 |
| Kite Realty Group Trust | 13319 | 292752 |
| Link REIT | 51400 | 286388 |
| Macerich Co. | 12646 | 211315 |
| Realty Income Corp. | 13339 | 748718 |
| Regency Centers Corp. | 2191 | 156437 |
| Scentre Group | 151130 | 361690 |
| Simon Property Group, Inc. | 3496 | 572610 |
| Unibail-Rodamco-Westfield | 2737 | 265323 |
| Urban Edge Properties | 10626 | 209545 |
|  |  | 4059116 |
| **Semiconductors and Semiconductor Equipment — 1.6%** |  |  |
| Analog Devices, Inc. | 3778 | 848652 |
| Applied Materials, Inc. | 677 | 121901 |
| ARM Holdings PLC, ADR<sup>(2)</sup> | 632 | 89349 |
| ASML Holding NV | 438 | 303566 |
| Broadcom, Inc. | 5040 | 1480248 |
| Credo Technology Group Holding Ltd.<sup>(2)</sup> | 1855 | 206925 |
| Ichor Holdings Ltd.<sup>(2)</sup> | 2295 | 45418 |
| Impinj, Inc.<sup>(2)</sup> | 703 | 108670 |
| Infineon Technologies AG | 6752 | 265239 |
| Lattice Semiconductor Corp.<sup>(2)</sup> | 3571 | 177943 |
| MACOM Technology Solutions Holdings, Inc.<sup>(2)</sup> | 909 | 124660 |
| Melexis NV | 939 | 71819 |
| Monolithic Power Systems, Inc. | 847 | 602420 |
| Nova Ltd.<sup>(2)</sup> | 195 | 51205 |
| NVIDIA Corp. | 20564 | 3657719 |
| NXP Semiconductors NV | 1093 | 233651 |
| Onto Innovation, Inc.<sup>(2)</sup> | 373 | 35342 |
| Power Integrations, Inc. | 1723 | 83600 |
| Silicon Laboratories, Inc.<sup>(2)</sup> | 1253 | 165108 |
| SiTime Corp.<sup>(2)</sup> | 592 | 120087 |
| SUMCO Corp. | 28600 | 223675 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 37000 | 1424472 |
| Teradyne, Inc. | 5158 | 554124 |
| Tower Semiconductor Ltd.<sup>(2)</sup> | 2364 | 108153 |
|  |  | 11103946 |
| **Software — 2.0%** |  |  |
| ACI Worldwide, Inc.<sup>(2)</sup> | 3813 | 162281 |
| Agilysys, Inc.<sup>(2)</sup> | 1431 | 163248 |
| Appier Group, Inc. | 7000 | 70981 |
| BlackLine, Inc.<sup>(2)</sup> | 2977 | 160103 |
| Cadence Design Systems, Inc.<sup>(2)</sup> | 3035 | 1106470 |
| Crowdstrike Holdings, Inc., Class A<sup>(2)</sup> | 410 | 186374 |
| CyberArk Software Ltd.<sup>(2)</sup> | 126 | 51845 |
| Datadog, Inc., Class A<sup>(2)</sup> | 6543 | 915889 |
| Descartes Systems Group, Inc.<sup>(2)</sup> | 470 | 49656 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Docusign, Inc.<sup>(2)</sup> | 6380 | $482583 |
| Dynatrace, Inc.<sup>(2)</sup> | 3690 | 194131 |
| Elastic NV<sup>(2)</sup> | 911 | 76251 |
| Fair Isaac Corp.<sup>(2)</sup> | 489 | 702556 |
| Guidewire Software, Inc.<sup>(2)</sup> | 3030 | 685447 |
| HubSpot, Inc.<sup>(2)</sup> | 1197 | 622021 |
| Kinaxis, Inc.<sup>(2)</sup> | 510 | 75690 |
| Klaviyo, Inc., Class A<sup>(2)</sup> | 5086 | 158175 |
| Manhattan Associates, Inc.<sup>(2)</sup> | 2853 | 626690 |
| Microsoft Corp. | 7457 | 3978310 |
| nCino, Inc.<sup>(2)</sup> | 2530 | 70650 |
| Onestream, Inc.<sup>(2)</sup> | 3067 | 73148 |
| Pegasystems, Inc. | 1754 | 102977 |
| Q2 Holdings, Inc.<sup>(2)</sup> | 2143 | 174012 |
| Salesforce, Inc. | 811 | 209506 |
| Samsara, Inc., Class A<sup>(2)</sup> | 10711 | 407339 |
| SAP SE | 2994 | 856151 |
| ServiceNow, Inc.<sup>(2)</sup> | 270 | 254642 |
| Tenable Holdings, Inc.<sup>(2)</sup> | 1215 | 38042 |
| Workday, Inc., Class A<sup>(2)</sup> | 1156 | 265163 |
| Zscaler, Inc.<sup>(2)</sup> | 2520 | 719611 |
|  |  | 13639942 |
| **Specialized REITs — 1.1%** |  |  |
| American Tower Corp. | 2592 | 540147 |
| Big Yellow Group PLC | 15942 | 196559 |
| CubeSmart | 6489 | 252487 |
| Digital Realty Trust, Inc. | 4696 | 828562 |
| Equinix, Inc. | 1910 | 1499675 |
| Extra Space Storage, Inc. | 3680 | 494445 |
| Iron Mountain, Inc. | 6467 | 629627 |
| Keppel DC REIT | 120100 | 218560 |
| Millrose Properties, Inc. | 5687 | 170553 |
| Public Storage | 2490 | 677130 |
| SBA Communications Corp. | 1836 | 412586 |
| Smartstop Self Storage REIT, Inc. | 3161 | 107095 |
| VICI Properties, Inc. | 44623 | 1454710 |
|  |  | 7482136 |
| **Specialty Retail — 0.7%** |  |  |
| Aritzia, Inc.<sup>(2)</sup> | 2967 | 159249 |
| Auto1 Group SE<sup>(2)</sup> | 5623 | 168566 |
| Boot Barn Holdings, Inc.<sup>(2)</sup> | 1118 | 192184 |
| Burlington Stores, Inc.<sup>(2)</sup> | 2913 | 795133 |
| Carvana Co.<sup>(2)</sup> | 2186 | 852912 |
| Five Below, Inc.<sup>(2)</sup> | 442 | 60342 |
| Home Depot, Inc. | 1745 | 641305 |
| JB Hi-Fi Ltd. | 1326 | 94440 |
| National Vision Holdings, Inc.<sup>(2)</sup> | 5947 | 144274 |
| Nextage Co. Ltd. | 3700 | 45927 |
| O'Reilly Automotive, Inc.<sup>(2)</sup> | 729 | 71675 |
| Sanrio Co. Ltd. | 2000 | 82064 |
| TJX Cos., Inc. | 3775 | 470101 |
| Tractor Supply Co. | 5433 | 309409 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Urban Outfitters, Inc.<sup>(2)</sup> | 860 | $64741 |
| Zalando SE<sup>(2)</sup> | 13569 | 395646 |
|  |  | 4547968 |
| **Technology Hardware, Storage and Peripherals — 0.5%** |  |  |
| Apple, Inc. | 8697 | 1805236 |
| HP, Inc. | 20381 | 505449 |
| Samsung Electronics Co. Ltd. | 21520 | 1096744 |
| Super Micro Computer, Inc.<sup>(2)(3)</sup> | 3037 | 179092 |
|  |  | 3586521 |
| **Textiles, Apparel and Luxury Goods — 0.2%** |  |  |
| Asics Corp. | 5000 | 117546 |
| Cie Financiere Richemont SA, Class A | 663 | 108252 |
| Deckers Outdoor Corp.<sup>(2)</sup> | 985 | 104577 |
| On Holding AG, Class A<sup>(2)</sup> | 14894 | 723402 |
| Pandora AS | 1219 | 201252 |
|  |  | 1255029 |
| **Tobacco — 0.1%** |  |  |
| British American Tobacco PLC | 9022 | 483375 |
| **Trading Companies and Distributors — 0.7%** |  |  |
| Applied Industrial Technologies, Inc. | 388 | 105342 |
| Ashtead Group PLC | 4307 | 287756 |
| Bunzl PLC | 21617 | 641538 |
| Core & Main, Inc., Class A<sup>(2)</sup> | 6393 | 406850 |
| Diploma PLC | 1618 | 114538 |
| Fastenal Co. | 6051 | 279133 |
| Ferguson Enterprises, Inc. | 880 | 196530 |
| Herc Holdings, Inc. | 1344 | 156993 |
| MonotaRO Co. Ltd. | 26000 | 462980 |
| MSC Industrial Direct Co., Inc., Class A | 7150 | 619333 |
| Rexel SA | 9976 | 301519 |
| SGH Ltd. | 2539 | 83044 |
| SiteOne Landscape Supply, Inc.<sup>(2)</sup> | 1412 | 194616 |
| Sojitz Corp. | 4700 | 111859 |
| Sumitomo Corp. | 17100 | 437072 |
| United Rentals, Inc. | 314 | 277243 |
| WESCO International, Inc. | 2400 | 496704 |
|  |  | 5173050 |
| **Transportation Infrastructure — 0.0%** |  |  |
| Flughafen Zurich AG | 256 | 72150 |
| **Wireless Telecommunication Services — 0.0%** |  |  |
| Indosat Tbk. PT | 1074800 | 143433 |
| **TOTAL COMMON STOCKS**<br>(Cost $169,726,733) |  | **223911400** |
| **U.S. TREASURY SECURITIES — 5.4%** |  |  |
| U.S. Treasury Bonds, 5.00%, 5/15/45 | $3531000 | 3583413 |
| U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/40 | 535428 | 526718 |
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/42 | 938956 | 725180 |
| U.S. Treasury Inflation-Indexed Bonds, 0.625%, 2/15/43 | 433445 | 320115 |
| U.S. Treasury Inflation-Indexed Bonds, 1.375%, 2/15/44 | 1586229 | 1323482 |
| U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/45 | 505102 | 365818 |
| U.S. Treasury Inflation-Indexed Bonds, 0.875%, 2/15/47 | 532684 | 382049 |
| U.S. Treasury Inflation-Indexed Bonds, 0.125%, 2/15/51 | 679102 | 363938 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal Amount** | **Value** |
| U.S. Treasury Inflation-Indexed Bonds, 0.125%, 2/15/52 |  | $1154790 | $604548 |
| U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/54 |  | 785587 | 706057 |
| U.S. Treasury Inflation-Indexed Notes, 0.875%, 1/15/29 |  | 445592 | 439008 |
| U.S. Treasury Inflation-Indexed Notes, 1.625%, 10/15/29 |  | 8173120 | 8280344 |
| U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/32 |  | 962526 | 872930 |
| U.S. Treasury Notes, 3.875%, 5/31/27 |  | 333000 | 332441 |
| U.S. Treasury Notes, 3.875%, 7/31/27 |  | 2800000 | 2796445 |
| U.S. Treasury Notes, 1.50%, 11/30/28<sup>(5)</sup> |  | 4400000 | 4074297 |
| U.S. Treasury Notes, 4.375%, 5/15/34 |  | 2550000 | 2565987 |
| U.S. Treasury Notes, 3.875%, 6/15/28 |  | 7353000 | 7352713 |
| U.S. Treasury Notes, 4.375%, 11/30/30 |  | 1870000 | 1904442 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $39,320,956) |  |  | **37519925** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 3.0%** |  |  |  |
| **Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 3.0%** |  |  |  |
| FHLMC, 4.50%, 10/1/52 |  | 2623265 | 2494424 |
| FHLMC, 5.50%, 12/1/52 |  | 1226608 | 1227561 |
| FHLMC, 5.00%, 6/1/53 |  | 1322236 | 1292985 |
| FNMA, 3.50%, 9/1/52 |  | 2889759 | 2587156 |
| FNMA, 4.50%, 10/1/52 |  | 2613189 | 2485627 |
| FNMA, 5.50%, 3/1/54 |  | 1240901 | 1237268 |
| FNMA, 4.00%, 1/1/55 |  | 1418661 | 1311280 |
| GNMA, 4.00%, TBA |  | 1362000 | 1254522 |
| GNMA, 5.50%, TBA |  | 1327000 | 1323833 |
| GNMA, 7.00%, 12/15/27 |  | 868 | 873 |
| GNMA, 7.00%, 5/15/31 |  | 2227 | 2297 |
| GNMA, 6.50%, 10/15/38 |  | 70745 | 74717 |
| GNMA, 4.50%, 6/15/41 |  | 77866 | 75565 |
| UMBS, 5.00%, TBA |  | 3641000 | 3544266 |
| UMBS, 5.50%, TBA |  | 1918000 | 1908145 |
| **TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES**<br>(Cost $20,838,542) |  |  | **20820519** |
| **CORPORATE BONDS — 1.6%** |  |  |  |
| **Aerospace and Defense — 0.1%** |  |  |  |
| Boeing Co., 2.20%, 2/4/26 |  | 270000 | 266451 |
| RTX Corp., 5.75%, 11/8/26 |  | 265000 | 268969 |
| TransDigm, Inc., 4.625%, 1/15/29 |  | 190000 | 185918 |
|  |  |  | 721338 |
| **Automobiles — 0.1%** |  |  |  |
| American Honda Finance Corp., 4.95%, 1/9/26 |  | 130000 | 130188 |
| Ford Motor Credit Co. LLC, 3.625%, 6/17/31 |  | 370000 | 328906 |
| Hyundai Capital America, 5.95%, 9/21/26<sup>(6)</sup> |  | 130000 | 131818 |
|  |  |  | 590912 |
| **Banks — 0.4%** |  |  |  |
| Avi Funding Co. Ltd., 3.80%, 9/16/25<sup>(6)</sup> |  | 143000 | 142869 |
| Bank of America Corp., VRN, 5.93%, 9/15/27 |  | 130000 | 131979 |
| Commerzbank AG, 4.00%, 3/23/26 | EUR | 150000 | 172801 |
| European Union, 0.00%, 7/4/31<sup>(7)</sup> | EUR | 1450000 | 1421721 |
| ING Groep NV, 2.125%, 1/10/26 | EUR | 200000 | 228334 |
| JPMorgan Chase & Co., VRN, 4.51%, 10/22/28 |  | $130000 | 130172 |
| PNC Financial Services Group, Inc., VRN, 5.10%, 7/23/27 |  | 130000 | 130564 |
| U.S. Bank NA, VRN, 4.51%, 10/22/27 |  | 250000 | 249952 |
| Wells Fargo & Co., VRN, 4.90%, 1/24/28 |  | 130000 | 130708 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| Wells Fargo & Co., VRN, 6.30%, 10/23/29 | $125000 | $131565 |
|  |  | 2870665 |
| **Beverages — 0.0%** |  |  |
| PepsiCo, Inc., 4.40%, 2/7/27 | 200000 | 200811 |
| **Biotechnology — 0.1%** |  |  |
| AbbVie, Inc., 4.80%, 3/15/27 | 195000 | 196337 |
| Amgen, Inc., 5.25%, 3/2/30 | 195000 | 200392 |
|  |  | 396729 |
| **Capital Markets — 0.1%** |  |  |
| Goldman Sachs Group, Inc., VRN, 4.94%, 4/23/28 | 130000 | 130817 |
| Goldman Sachs Group, Inc., VRN, 4.69%, 10/23/30 | 130000 | 129935 |
| Morgan Stanley, VRN, 5.16%, 4/20/29 | 130000 | 132115 |
| UBS Group AG, VRN, 6.33%, 12/22/27<sup>(6)</sup> | 200000 | 204749 |
|  |  | 597616 |
| **Chemicals — 0.0%** |  |  |
| EQUATE Petrochemical Co. KSC, 4.25%, 11/3/26<sup>(6)</sup> | 46000 | 45757 |
| **Consumer Finance — 0.0%** |  |  |
| American Express Co., VRN, 4.73%, 4/25/29 | 130000 | 131163 |
| **Consumer Staples Distribution & Retail — 0.0%** |  |  |
| Walmart, Inc., 4.10%, 4/28/27 | 130000 | 130152 |
| **Containers and Packaging — 0.0%** |  |  |
| Smurfit Kappa Treasury ULC, 5.20%, 1/15/30 | 260000 | 266534 |
| **Diversified Telecommunication Services — 0.1%** |  |  |
| Sprint Capital Corp., 6.875%, 11/15/28 | 258000 | 275900 |
| **Electric Utilities — 0.0%** |  |  |
| Duke Energy Progress LLC, 4.15%, 12/1/44 | 40000 | 32707 |
| MidAmerican Energy Co., 5.85%, 9/15/54 | 45000 | 46016 |
|  |  | 78723 |
| **Food Products — 0.0%** |  |  |
| Mars, Inc., 4.60%, 3/1/28<sup>(6)</sup> | 265000 | 266532 |
| **Health Care Providers and Services — 0.1%** |  |  |
| DaVita, Inc., 4.625%, 6/1/30<sup>(6)</sup> | 270000 | 257672 |
| Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 70000 | 45053 |
|  |  | 302725 |
| **Hotels, Restaurants and Leisure — 0.2%** |  |  |
| Caesars Entertainment, Inc., 4.625%, 10/15/29<sup>(6)</sup> | 110000 | 104032 |
| Caesars Entertainment, Inc., 7.00%, 2/15/30<sup>(6)</sup> | 142000 | 146566 |
| Hyatt Hotels Corp., 5.75%, 1/30/27 | 130000 | 132182 |
| Marriott International, Inc., 5.45%, 9/15/26 | 130000 | 131219 |
| MGM Resorts International, 4.625%, 9/1/26 | 39000 | 38876 |
| Station Casinos LLC, 4.625%, 12/1/31<sup>(6)</sup> | 530000 | 496325 |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27<sup>(6)</sup> | 200000 | 199762 |
|  |  | 1248962 |
| **Household Durables — 0.1%** |  |  |
| KB Home, 4.80%, 11/15/29 | 253000 | 247467 |
| Meritage Homes Corp., 5.125%, 6/6/27 | 190000 | 191072 |
|  |  | 438539 |
| **Industrial Conglomerates — 0.1%** |  |  |
| Honeywell International, Inc., 4.65%, 7/30/27 | 265000 | 266766 |
| **Life Sciences Tools and Services — 0.0%** |  |  |
| Thermo Fisher Scientific, Inc., 5.00%, 12/5/26 | 195000 | 196653 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| **Machinery — 0.0%** | | |
| Caterpillar Financial Services Corp., 4.40%, 3/3/28 | $265000 | $266246 |
| **Metals and Mining — 0.1%** |  |  |
| Freeport-McMoRan, Inc., 5.40%, 11/14/34 | 215000 | 217768 |
| Rio Tinto Finance USA PLC, 4.50%, 3/14/28 | 265000 | 266339 |
|  |  | 484107 |
| **Multi-Utilities — 0.0%** |  |  |
| Dominion Energy, Inc., 4.90%, 8/1/41 | 185000 | 166816 |
| **Oil, Gas and Consumable Fuels — 0.1%** |  |  |
| Antero Resources Corp., 7.625%, 2/1/29<sup>(6)</sup> | 65000 | 66645 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 365000 | 339020 |
|  |  | 405665 |
| **Passenger Airlines — 0.0%** |  |  |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(6)</sup> | 174674 | 174624 |
| **Pharmaceuticals — 0.0%** |  |  |
| Pfizer Investment Enterprises Pte. Ltd., 4.45%, 5/19/26 | 200000 | 200131 |
| **Specialty Retail — 0.0%** |  |  |
| Home Depot, Inc., 5.15%, 6/25/26 | 130000 | 130935 |
| Lowe's Cos., Inc., 3.10%, 5/3/27 | 135000 | 132005 |
|  |  | 262940 |
| **Technology Hardware, Storage and Peripherals — 0.0%** |  |  |
| Apple, Inc., 4.00%, 5/12/28 | 130000 | 130039 |
| **TOTAL CORPORATE BONDS**<br>(Cost $11,194,689) |  | **11117045** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 1.3%** |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 1.3%** |  |  |
| ABN AMRO Mortgage Corp., Series 2003-4, Class A4, 5.50%, 3/25/33 | 917 | 910 |
| Angel Oak Mortgage Trust, Series 2025-6, Class A3, 5.92%, 4/25/70<sup>(6)</sup> | 270199 | 270261 |
| BRAVO Residential Funding Trust, Series 2024-NQM5, Class A3, 6.16%, 6/25/64<sup>(6)</sup> | 255861 | 256542 |
| COLT Funding LLC, Series 2025-1, Class A3, 6.08%, 1/25/70<sup>(6)</sup> | 476054 | 477004 |
| COLT Mortgage Loan Trust, Series 2022-9, Class A1, 6.79%, 12/25/67<sup>(6)</sup> | 211960 | 212193 |
| COLT Mortgage Loan Trust, Series 2025-6, Class A3, 5.89%, 8/25/70<sup>(6)</sup> | 425000 | 424964 |
| Ellington Financial Mortgage Trust, Series 2022-4, Class A3, 5.90%, 9/25/67<sup>(6)</sup> | 160939 | 161121 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ5, Class A5, VRN, 5.50%, 10/25/55<sup>(6)</sup> | 354721 | 353753 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, VRN, 6.00%, 11/25/55<sup>(6)</sup> | 360533 | 363258 |
| JP Morgan Mortgage Trust, Series 2024-1, Class A4, SEQ, VRN, 6.00%, 6/25/54<sup>(6)</sup> | 399216 | 401252 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A4, VRN, 6.00%, 6/25/55<sup>(6)</sup> | 322995 | 325550 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A9, VRN, 6.15%, 6/25/55<sup>(6)</sup> | 320856 | 323013 |
| JP Morgan Mortgage Trust, Series 2024-2, Class A3, VRN, 6.00%, 8/25/54<sup>(6)</sup> | 267126 | 268724 |
| JP Morgan Mortgage Trust, Series 2024-6, Class A9A, VRN, 6.00%, 12/25/54<sup>(6)</sup> | 538792 | 540265 |
| JP Morgan Mortgage Trust, Series 2025-NQM1, Class A3, 5.97%, 6/25/65<sup>(6)</sup> | 211179 | 211528 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2023-2, Class A4, VRN, 6.00%, 6/25/53<sup>(6)</sup> | 622543 | 623151 |
| Provident Funding Mortgage Trust, Series 2025-2, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(6)</sup> | 455518 | 453822 |
| PRPM Trust, Series 2022-NQM1, Class A3, 5.50%, 8/25/67<sup>(6)</sup> | 500896 | 498100 |
| Radian Mortgage Capital Trust, Series 2025-J2, Class A15, VRN, 5.50%, 11/25/55<sup>(6)</sup> | 626204 | 625476 |
| Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55<sup>(6)</sup> | 228818 | 230360 |
| Sequoia Mortgage Trust, Series 2023-4, Class A10, SEQ, VRN, 6.00%, 11/25/53<sup>(6)</sup> | 291750 | 291817 |
| Sequoia Mortgage Trust, Series 2024-2, Class A4, VRN, 6.00%, 3/25/54<sup>(6)</sup> | 389103 | 391359 |
| Sequoia Mortgage Trust, Series 2024-6, Class A11, SEQ, VRN, 6.00%, 7/27/54<sup>(6)</sup> | 441927 | 443129 |
| SoFi Mortgage Trust, Series 2016-1A, Class 1A4, SEQ, VRN, 3.00%, 11/25/46<sup>(6)</sup> | 7758 | 6909 |
| Verus Securitization Trust, Series 2025-6, Class A2, 5.67%, 7/25/70<sup>(6)</sup> | 675000 | 675145 |
|  |  | 8829606 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Shares/Principal Amount** | **Value** |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.0%** | | | |
| FNMA, Series 2024-R01, Class 1M1, VRN, 5.40%, (30-day average SOFR plus 1.05%), 1/25/44<sup>(6)</sup> |  | $146186 | $146200 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $8,976,877) |  |  | **8975806** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 1.1%** |  |  |  |
| **Australia — 0.0%** |  |  |  |
| Australia Government Bonds, 3.00%, 3/21/47 | AUD | 120000 | 57880 |
| **Belgium — 0.1%** |  |  |  |
| Kingdom of Belgium Government Bonds, 2.85%, 10/22/34<sup>(6)</sup> | EUR | 470000 | 524506 |
| Kingdom of Belgium Government Bonds, 4.25%, 3/28/41<sup>(6)</sup> | EUR | 27000 | 32940 |
|  |  |  | 557446 |
| **Brazil — 0.0%** |  |  |  |
| Brazil Government International Bonds, 6.625%, 3/15/35 |  | $253000 | 254572 |
| **Canada — 0.0%** |  |  |  |
| Province of Quebec, 5.75%, 12/1/36 | CAD | 108000 | 88856 |
| Province of Quebec, 3.50%, 12/1/48 | CAD | 20000 | 12067 |
|  |  |  | 100923 |
| **Chile — 0.0%** |  |  |  |
| Chile Government International Bonds, 5.33%, 1/5/54 |  | $60000 | 56357 |
| **China — 0.0%** |  |  |  |
| China Government Bonds, 3.29%, 5/23/29 | CNY | 300000 | 44745 |
| **Colombia — 0.2%** |  |  |  |
| Colombia Government International Bonds, 7.75%, 11/7/36 |  | $600000 | 600000 |
| Colombia Government International Bonds, 3.25%, 4/22/32 |  | $850000 | 692538 |
|  |  |  | 1292538 |
| **Indonesia — 0.1%** |  |  |  |
| Indonesia Treasury Bonds, 7.00%, 2/15/33 | IDR | 6500000000 | 406194 |
| **Japan — 0.1%** |  |  |  |
| Japan Government Thirty Year Bonds, 1.20%, 6/20/53 | JPY | 103000000 | 452542 |
| **Luxembourg — 0.1%** |  |  |  |
| Eagle Funding Luxco SARL, 5.50%, 8/17/30<sup>(6)(8)</sup> |  | $495000 | 497846 |
| **Malaysia — 0.1%** |  |  |  |
| Malaysia Government Bonds, 3.83%, 7/5/34 | MYR | 2300000 | 556459 |
| **New Zealand — 0.2%** |  |  |  |
| New Zealand Government Bonds, 4.50%, 5/15/35 | NZD | 2750000 | 1617873 |
| **Poland — 0.1%** |  |  |  |
| Republic of Poland Government Bonds, 1.75%, 4/25/32 | PLN | 2000000 | 431341 |
| **Saudi Arabia — 0.1%** |  |  |  |
| Saudi Government International Bonds, 3.375%, 3/5/32<sup>(6)</sup> | EUR | 750000 | 860367 |
| **South Africa — 0.0%** |  |  |  |
| Republic of South Africa Government Bonds, 8.50%, 1/31/37 | ZAR | 4000000 | 195218 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $7,466,176) |  |  | **7382301** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.3%** |  |  |  |
| BX Trust, Series 2023-LIFE, Class A, SEQ, 5.05%, 2/15/28<sup>(6)</sup> |  | $430000 | 422712 |
| Credit Suisse Mortgage Trust, Series 2021-BHAR, Class A, VRN, 5.61%, (1-month SOFR plus 1.26%), 11/15/38<sup>(6)</sup> |  | 397000 | 396187 |
| DBSG Mortgage Trust, Series 2024-ALTA, Class A, SEQ, VRN, 5.95%, 6/10/37<sup>(6)</sup> |  | 398000 | 403182 |
| NJ Trust, Series 2023-GSP, Class A, SEQ, VRN, 6.48%, 1/6/29<sup>(6)</sup> |  | 398000 | 417637 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, VRN, 5.78%, (1-month SOFR plus 1.44%), 2/15/42<sup>(6)</sup> |  | 446000 | 444469 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 5.94%, 3/15/40<sup>(6)</sup> |  | 313000 | 313993 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $2,397,541) |  |  | **2398180** |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
|<br>**EXCHANGE-TRADED FUNDS — 0.3%** | **Shares/Principal Amount** | **Value** |
| iShares Core S&P 500 ETF | 1689 | $1072346 |
| iShares MSCI EAFE Small-Cap ETF | 397 | 28747 |
| iShares Russell Mid-Cap Value ETF | 4559 | 613505 |
| **TOTAL EXCHANGE-TRADED FUNDS**<br>(Cost $1,607,437) |  | **1714598** |
| **ASSET-BACKED SECURITIES — 0.2%** |  |  |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46<sup>(6)</sup> | $164616 | 154032 |
| FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 8/17/37<sup>(6)</sup> | 300000 | 298517 |
| Textainer Marine Containers VII Ltd., Series 2020-1A, Class A, SEQ, 2.73%, 8/21/45<sup>(6)</sup> | 134278 | 128140 |
| Trinity Rail Leasing LLC, Series 2018-1A, Class A2, SEQ, 4.62%, 6/17/48<sup>(6)</sup> | 400000 | 393033 |
| Trinity Rail Leasing LLC, Series 2020-1A, Class A, SEQ, 1.96%, 10/17/50<sup>(6)</sup> | 98905 | 92848 |
| Triton Container Finance VIII LLC, Series 2020-1A, Class A, SEQ, 2.11%, 9/20/45<sup>(6)</sup> | 142578 | 132443 |
| USQ Rail I LLC, Series 2021-2A, Class B, SEQ, 2.98%, 2/28/51<sup>(6)</sup> | 262000 | 243570 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $1,453,241) |  | **1442583** |
| **COLLATERALIZED LOAN OBLIGATIONS — 0.1%** |  |  |
| Cook Park CLO Ltd., Series 2018-1A, Class C, VRN, 6.33%, (3-month SOFR plus 2.01%), 4/17/30<sup>(6)</sup> | 250000 | 250906 |
| KKR CLO 18 Ltd., Series 2018, Class CR, VRN, 6.69%, (3-month SOFR plus 2.36%), 7/18/30<sup>(6)</sup> | 175000 | 175725 |
| Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 6.68%, (3-month SOFR plus 2.36%), 1/25/32<sup>(6)</sup> | 300000 | 301116 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $725,070) |  | **727747** |
| **PREFERRED SECURITIES — 0.1%** |  |  |
| **Automobiles — 0.1%** |  |  |
| Volkswagen International Finance NV, 3.875% | 300000 | 333931 |
| **Electric Utilities — 0.0%** |  |  |
| Enel SpA, 2.25% | 100000 | 113075 |
| **Oil, Gas and Consumable Fuels — 0.0%** |  |  |
| Eni SpA, 3.375% | 200000 | 225127 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $798,288) |  | **672133** |
| **CONVERTIBLE PREFERRED SECURITIES — 0.0%** |  |  |
| **Insurance — 0.0%** |  |  |
| Allianz SE, 2.625% | 200000 | 203488 |
| Generali, 4.60% | 100000 | 114772 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $358,193) |  | **318260** |
| **MUNICIPAL SECURITIES — 0.0%** |  |  |
| New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 | $30000 | 34322 |
| New York City GO, 6.27%, 12/1/37 | 5000 | 5337 |
| Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51 | 35000 | 32102 |
| Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 | 100000 | 62886 |
| State of California GO, 4.60%, 4/1/28, Prerefunded at 100% of Par<sup>(9)</sup> | 30000 | 30350 |
| State of California GO, 7.60%, 11/1/40 | 40000 | 48067 |
| Texas Natural Gas Securitization Finance Corp. Rev., SEQ, 5.17%, 4/1/41 | 30000 | 30417 |
| **TOTAL MUNICIPAL SECURITIES**<br>(Cost $287,910) |  | **243481** |
| **SHORT-TERM INVESTMENTS — 4.9%** |  |  |
| **Commercial Paper**<sup>(10)</sup> **— 0.7%** |  |  |
| Aquitaine Funding Co. LLC, VRN, 4.69%, 2/13/26<sup>(6)</sup> | 2000000 | 2000949 |
| Bank of Montreal, VRN, 4.65%, (SOFR plus 0.26%), 11/26/25<sup>(6)</sup> | 2500000 | 2500314 |
| Endeavour Funding Co. LLC, VRN, 4.58%, 11/12/25 (LOC: HSBC Bank PLC)<sup>(6)</sup> | 500000 | 500083 |
|  |  | 5001346 |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| | **Shares/Principal Amount** | **Value** |
| **Money Market Funds — 4.1%** | | |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 14458519 | $14458519 |
| State Street Navigator Securities Lending Government Money Market Portfolio<sup>(11)</sup> | 13799447 | 13799447 |
|  |  | 28257966 |
| **Treasury Bills**<sup>(10)</sup> **— 0.1%** |  |  |
| U.S. Treasury Bills, 4.52%, 8/26/25 | $500000 | 498509 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $33,756,442) |  | **33757821** |
| **TOTAL INVESTMENT SECURITIES — 103.2%**<br>(Cost $537,066,882) |  | **716844922** |
| **OTHER ASSETS AND LIABILITIES — (3.2)%** |  | **(22058855)** |
| **TOTAL NET ASSETS — 100.0%** |  | $**694786067** |

---

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| AUD | 710882 | USD | 458022 | Goldman Sachs & Co. LLC | 9/17/25 | $(807) |
| AUD | 109281 | USD | 71083 | JPMorgan Chase Bank NA | 9/17/25 | (798) |
| USD | 130751 | AUD | 199959 | Citibank NA | 9/17/25 | 2144 |
| BRL | 2048371 | USD | 359882 | Goldman Sachs & Co. LLC | 9/17/25 | 1863 |
| USD | 362176 | BRL | 2048371 | Citibank NA | 9/17/25 | 431 |
| CAD | 201000 | USD | 147735 | Morgan Stanley & Co. LLC | 9/17/25 | (2338) |
| CAD | 1228735 | USD | 889531 | Morgan Stanley & Co. LLC | 9/17/25 | (704) |
| CAD | 19868 | USD | 14540 | Citibank NA | 9/26/25 | (161) |
| CAD | 7680 | USD | 5655 | Citibank NA | 9/26/25 | (97) |
| CAD | 27138 | USD | 19894 | Citibank NA | 9/26/25 | (255) |
| CAD | 7089 | USD | 5200 | Citibank NA | 9/26/25 | (70) |
| USD | 257732 | CAD | 349353 | Citibank NA | 9/17/25 | 5022 |
| USD | 246119 | CAD | 337715 | Citibank NA | 9/26/25 | 1719 |
| USD | 4784 | CAD | 6471 | Citibank NA | 9/26/25 | 102 |
| USD | 8168 | CAD | 11068 | Citibank NA | 9/26/25 | 158 |
| USD | 4938 | CAD | 6738 | Citibank NA | 9/26/25 | 62 |
| USD | 5197 | CAD | 7088 | Citibank NA | 9/26/25 | 68 |
| USD | 5509 | CAD | 7528 | Citibank NA | 9/26/25 | 61 |
| CLP | 81989336 | USD | 87313 | Morgan Stanley & Co. LLC | 9/17/25 | (3010) |
| USD | 83861 | CLP | 81989336 | Goldman Sachs & Co. LLC | 9/17/25 | (442) |
| CNY | 489500 | USD | 68557 | Citibank NA | 8/5/25 | (463) |
| CNY | 2918211 | USD | 408479 | Goldman Sachs & Co. LLC | 8/5/25 | (2526) |
| CNY | 22998395 | USD | 3215659 | UBS AG | 9/4/25 | (2471) |
| USD | 476203 | CNY | 3407711 | UBS AG | 8/5/25 | 2157 |
| COP | 720559242 | USD | 170552 | Citibank NA | 9/17/25 | 837 |
| USD | 171807 | COP | 720559242 | Bank of America NA | 9/17/25 | 418 |
| CZK | 5346983 | USD | 247030 | Goldman Sachs & Co. LLC | 9/17/25 | 1518 |
| USD | 248844 | CZK | 5346983 | UBS AG | 9/17/25 | 296 |
| EUR | 6737910 | USD | 7726937 | JPMorgan Chase Bank NA | 9/17/25 | (15212) |
| EUR | 6251 | USD | 7414 | Goldman Sachs & Co. LLC | 9/26/25 | (255) |
| EUR | 10921 | USD | 12722 | Goldman Sachs & Co. LLC | 9/26/25 | (216) |
| EUR | 49062 | USD | 57154 | Goldman Sachs & Co. LLC | 9/26/25 | (969) |
| EUR | 50096 | USD | 58719 | JPMorgan Chase Bank NA | 9/26/25 | (1349) |
| EUR | 36940 | USD | 43407 | Morgan Stanley & Co. LLC | 9/26/25 | (1103) |
| EUR | 2271 | USD | 2667 | Morgan Stanley & Co. LLC | 9/26/25 | (66) |
| EUR | 4230 | USD | 4997 | Morgan Stanley & Co. LLC | 9/26/25 | (153) |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| EUR | 64895 | USD | 75212 | Morgan Stanley & Co. LLC | 9/26/25 | $(894) |
| EUR | 57654 | USD | 66130 | Morgan Stanley & Co. LLC | 9/26/25 | (105) |
| USD | 16992 | EUR | 14360 | Citibank NA | 9/17/25 | 557 |
| USD | 4349910 | EUR | 3728035 | Morgan Stanley & Co. LLC | 9/17/25 | 83070 |
| USD | 51038 | EUR | 43994 | Goldman Sachs & Co. LLC | 9/26/25 | 656 |
| USD | 568564 | EUR | 490095 | Goldman Sachs & Co. LLC | 9/26/25 | 7304 |
| USD | 51057 | EUR | 43994 | JPMorgan Chase Bank NA | 9/26/25 | 674 |
| USD | 568774 | EUR | 490095 | JPMorgan Chase Bank NA | 9/26/25 | 7514 |
| USD | 50995 | EUR | 43994 | Morgan Stanley & Co. LLC | 9/26/25 | 612 |
| USD | 568076 | EUR | 490095 | Morgan Stanley & Co. LLC | 9/26/25 | 6815 |
| USD | 12074 | EUR | 10320 | Morgan Stanley & Co. LLC | 9/26/25 | 256 |
| USD | 57118 | EUR | 48624 | Morgan Stanley & Co. LLC | 9/26/25 | 1433 |
| USD | 61734 | EUR | 52537 | Morgan Stanley & Co. LLC | 9/26/25 | 1568 |
| USD | 3530 | EUR | 3019 | Morgan Stanley & Co. LLC | 9/26/25 | 72 |
| USD | 3878 | EUR | 3318 | Morgan Stanley & Co. LLC | 9/26/25 | 78 |
| USD | 79459 | EUR | 67314 | Morgan Stanley & Co. LLC | 9/26/25 | 2371 |
| USD | 80169 | EUR | 67863 | Morgan Stanley & Co. LLC | 9/26/25 | 2453 |
| USD | 93831 | EUR | 79416 | Morgan Stanley & Co. LLC | 9/26/25 | 2883 |
| USD | 4082 | EUR | 3522 | Morgan Stanley & Co. LLC | 9/26/25 | 48 |
| USD | 51034 | EUR | 43994 | UBS AG | 9/26/25 | 652 |
| USD | 568520 | EUR | 490095 | UBS AG | 9/26/25 | 7260 |
| GBP | 100000 | USD | 134434 | JPMorgan Chase Bank NA | 9/17/25 | (2312) |
| GBP | 1082620 | USD | 1448442 | Morgan Stanley & Co. LLC | 9/17/25 | (18067) |
| GBP | 1007727 | USD | 1332783 | Morgan Stanley & Co. LLC | 9/17/25 | (1358) |
| GBP | 25308 | USD | 33502 | Bank of America NA | 9/26/25 | (62) |
| USD | 1594336 | GBP | 1170506 | Morgan Stanley & Co. LLC | 9/17/25 | 47845 |
| USD | 17981 | GBP | 13106 | Morgan Stanley & Co. LLC | 9/17/25 | 665 |
| USD | 368220 | GBP | 274940 | Bank of America NA | 9/26/25 | 4933 |
| USD | 35746 | GBP | 26072 | Bank of America NA | 9/26/25 | 1296 |
| USD | 37295 | GBP | 27362 | Bank of America NA | 9/26/25 | 1141 |
| USD | 28844 | GBP | 21336 | Bank of America NA | 9/26/25 | 652 |
| USD | 33535 | GBP | 24979 | Bank of America NA | 9/26/25 | 529 |
| USD | 368279 | GBP | 274940 | Citibank NA | 9/26/25 | 4992 |
| USD | 368358 | GBP | 274940 | Goldman Sachs & Co. LLC | 9/26/25 | 5071 |
| HUF | 38351875 | USD | 108789 | Goldman Sachs & Co. LLC | 9/17/25 | 391 |
| USD | 109347 | HUF | 38351875 | Goldman Sachs & Co. LLC | 9/17/25 | 167 |
| IDR | 1269593316 | USD | 77704 | Citibank NA | 9/17/25 | (861) |
| USD | 358002 | IDR | 5917101505 | Citibank NA | 9/17/25 | (134) |
| INR | 41759769 | USD | 485943 | Bank of America NA | 9/17/25 | (9879) |
| USD | 475612 | INR | 41759769 | Citibank NA | 9/17/25 | (451) |
| JPY | 21583861 | USD | 151061 | Bank of America NA | 9/17/25 | (7230) |
| JPY | 440253539 | USD | 2947202 | Morgan Stanley & Co. LLC | 9/17/25 | (13420) |
| USD | 307274 | JPY | 43587802 | Morgan Stanley & Co. LLC | 9/17/25 | 16812 |
| USD | 24661 | JPY | 3511289 | Morgan Stanley & Co. LLC | 9/17/25 | 1262 |
| USD | 304894 | JPY | 45188775 | Morgan Stanley & Co. LLC | 9/17/25 | 3763 |
| KRW | 533090462 | USD | 383066 | Goldman Sachs & Co. LLC | 9/17/25 | (100) |
| MXN | 17189753 | USD | 907682 | JPMorgan Chase Bank NA | 9/17/25 | (776) |
| USD | 384718 | MXN | 7406656 | Bank of America NA | 9/17/25 | (6046) |
| USD | 517145 | MXN | 9783098 | Goldman Sachs & Co. LLC | 9/17/25 | 1004 |
| MYR | 1836034 | USD | 436268 | Goldman Sachs & Co. LLC | 9/17/25 | (5574) |
| MYR | 262395 | USD | 61813 | Morgan Stanley & Co. LLC | 9/17/25 | (261) |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 556489 | MYR | 2340594 | Morgan Stanley & Co. LLC | 9/17/25 | $7437 |
| USD | 365894 | MYR | 1562366 | Morgan Stanley & Co. LLC | 9/17/25 | (604) |
| NOK | 499824 | USD | 48442 | Citibank NA | 9/17/25 | (83) |
| USD | 49472 | NOK | 492533 | Citibank NA | 9/17/25 | 1819 |
| USD | 1325641 | NZD | 2191207 | Citibank NA | 9/17/25 | 32780 |
| USD | 335451 | NZD | 551566 | Morgan Stanley & Co. LLC | 9/17/25 | 10015 |
| PEN | 319607 | USD | 87860 | Bank of America NA | 9/17/25 | 989 |
| PLN | 1344240 | USD | 360007 | Bank of America NA | 9/17/25 | (1571) |
| USD | 261771 | PLN | 980104 | Morgan Stanley & Co. LLC | 9/17/25 | 429 |
| USD | 448734 | PLN | 1629400 | UBS AG | 9/17/25 | 14260 |
| RON | 703209 | USD | 158461 | JPMorgan Chase Bank NA | 9/17/25 | (741) |
| USD | 157957 | RON | 703209 | Citibank NA | 9/17/25 | 237 |
| THB | 10587696 | USD | 326483 | Morgan Stanley & Co. LLC | 9/17/25 | (1377) |
| THB | 3486020 | USD | 107175 | UBS AG | 9/17/25 | (134) |
| USD | 430985 | THB | 14073716 | Morgan Stanley & Co. LLC | 9/17/25 | (1162) |
| TRY | 2335596 | USD | 54072 | Citibank NA | 9/17/25 | 1276 |
| USD | 55169 | TRY | 2335596 | Goldman Sachs & Co. LLC | 9/17/25 | (179) |
| USD | 205463 | ZAR | 3650683 | Goldman Sachs & Co. LLC | 9/17/25 | 5661 |
| USD | 361788 | ZAR | 6584919 | Goldman Sachs & Co. LLC | 9/17/25 | 1396 |
| ZAR | 6544017 | USD | 367165 | Bank of America NA | 9/17/25 | (9012) |
|  |  |  |  |  |  | $194096 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized Appreciation <br>(Depreciation)^** |
| Canadian 10-Year Government Bonds | 8 | September 2025 | $695843 | $3467 |
| Euro-Bund 10-Year Bonds | 3 | September 2025 | 444041 | (4799) |
| Euro-OAT 10-Year Bonds | 5 | September 2025 | 703492 | (8738) |
| Japanese 10-Year Government Bonds | 2 | September 2025 | 1830637 | (15332) |
| U.K. Gilt 10-Year Bonds | 24 | September 2025 | 2921066 | 29039 |
| U.S. Treasury 5-Year Notes | 28 | September 2025 | 3028812 | (433) |
|  |  |  | $9623891 | $3204 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 29 | September 2025 | $6002547 | $3686 |
| U.S. Treasury 10-Year Notes | 1 | September 2025 | 111063 | 982 |
| U.S. Treasury 10-Year Ultra Notes | 42 | September 2025 | 4749281 | (20578) |
|  |  |  | $10862891 | $(15910) |

---

^Amount represents value and unrealized appreciation (depreciation).

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** |
| **Reference <br>Entity** | **Type**<sup>‡</sup> | **Fixed Rate<br>Received<br>(Paid)<br>Quarterly** | **Termination<br>Date** | **Notional <br>Amount** | **Premiums <br>Paid <br>(Received)** | **Unrealized <br>Appreciation <br>(Depreciation)** | **Value^** |
| Markit CDX North America High Yield Index Series 44 | Sell | 5.00% | 6/20/30 | $7780000 | $327358 | $279917 | $607275 |
| Markit iTraxx Europe Crossover Index Series 43 | Sell | 5.00% | 6/20/30 | EUR 1,050,000 | 115721 | 8788 | 124509 |
| Markit iTraxx Europe Senior Financial Index Series 42 | Sell | 1.00% | 12/20/29 | EUR 2,450,000 | 44225 | 17998 | 62223 |
|  |  |  |  |  | $487304 | $306703 | $794007 |

---

‡The maximum potential amount the fund could be required to deliver as a seller of credit protection if a credit event occurs as defined under the terms of the agreement is the notional amount. The maximum potential amount may be partially offset by any recovery values of the reference entities and upfront payments received upon entering into the agreement.

^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| ADR | – | American Depositary Receipt |
| AUD | – | Australian Dollar |
| BRL | – | Brazilian Real |
| CAD | – | Canadian Dollar |
| CDX | – | Credit Derivatives Indexes |
| CLP | – | Chilean Peso |
| CNY | – | Chinese Yuan |
| COP | – | Colombian Peso |
| CVA | – | Certificaten Van Aandelen |
| CZK | – | Czech Koruna |
| EUR | – | Euro |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| GBP | – | British Pound |
| GDR | – | Global Depositary Receipt |
| GNMA | – | Government National Mortgage Association |
| GO | – | General Obligation |
| HUF | – | Hungarian Forint |
| IDR | – | Indonesian Rupiah |
| INR | – | Indian Rupee |
| JPY | – | Japanese Yen |
| KRW | – | South Korean Won |
| LOC | – | Letter of Credit |
| MXN | – | Mexican Peso |
| MYR | – | Malaysian Ringgit |
| NOK | – | Norwegian Krone |
| NZD | – | New Zealand Dollar |
| PEN | – | Peruvian Sol |
| PLN | – | Polish Zloty |
| RON | – | Romanian New Leu |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| TBA | – | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. |
| THB | – | Thai Baht |
| TRY | – | Turkish Lira |
| UMBS | – | Uniform Mortgage-Backed Securities |
| USD | – | United States Dollar |

---

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

---

| | | |
|:---|:---|:---|
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
| ZAR | – | South African Rand |

---

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.

(2)Non-income producing.

(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $14,972,181. 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.

(4)Security may be subject to resale, redemption or transferability restrictions.

(5)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $1,283,404.

(6)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $22,697,762, which represented 3.3% of total net assets.

(7)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

(8)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(9)Escrowed to maturity in U.S. government securities or state and local government securities.

(10)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.

(11)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $15,386,797, which includes securities collateral of $1,587,350.

**AFFILIATED FUND TRANSACTIONS**

A summary of transactions for each affiliated fund for the period ended July 31, 2025 follows (amounts in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Fund**<sup>(1)</sup> | **Beginning Value** | **Purchase <br>Cost** | **Sales <br>Cost** | **Change in Net Unrealized Appreciation (Depreciation)** | **Ending <br>Value** | **Ending <br>Shares** | **Net Realized <br>Gain (Loss)** | **Distributions <br>Received**<sup>(2)</sup> |
| American Century Diversified Corporate Bond ETF | $13565 |  |  | $(56) | $13509 | 288 |  | $671 |
| American Century Focused Dynamic Growth ETF<sup>(3)</sup> | 40113 |  | $5336 | 5877 | 40654 | 356 | $5465 |  |
| American Century Focused Large Cap Value ETF | 38905 | $602 | 1106 | 2391 | 40792 | 572 | 355 | 799 |
| American Century Multisector Income ETF | 23082 | 1329 |  | 7 | 24418 | 557 |  | 1461 |
| American Century Quality Diversified International ETF | 30053 | 1602 | 929 | 4649 | 35375 | 616 | 49 | 939 |
| American Century Short Duration Strategic Income ETF | 3647 |  |  | (1) | 3646 | 71 |  | 196 |
| American Century U.S. Quality Growth ETF | 35678 | 1277 | 4215 | 5536 | 38276 | 350 | 4155 | 100 |
| American Century U.S. Quality Value ETF<sup>(4)</sup> | 36875 | 630 | 1465 | 1447 | 37487 | 611 | 128 | 681 |
| Avantis Emerging Markets Equity ETF<sup>(4)</sup> | 36647 | 9880 | 10580 | 3280 | 39227 | 567 | 1659 | 1212 |
| Avantis International Equity ETF | 19478 | 17871 | 12889 | 1874 | 26334 | 359 | 676 | 797 |
| Avantis International Small Cap Value ETF<sup>(4)</sup> | 9014 | 315 | 648 | 1401 | 10082 | 126 | 180 | 390 |
| Avantis U.S. Equity ETF | 41243 | 3699 | 4883 | 3392 | 43451 | 421 | 1114 | 573 |
| Avantis U.S. Small Cap Value ETF | 14647 | 209 | 1067 | (1197) | 12592 | 136 | 260 | 220 |
| American Century Emerging Markets Bond ETF | 5185 |  | 6661 | 1476 |  |  | (1419) | 61 |
|  | $348132 | $37414 | $49779 | $30076 | $365843 | 5030 | $12622 | $8100 |

---

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds. Additional information and attributes of each affiliated fund are available at americancentury.com or avantisinvestors.com.

(2)Distributions received includes distributions from net investment income and from capital gains, if any.

(3)Non-income producing.

(4)Security, or a portion thereof, is on loan.

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

**FAIR VALUE MEASUREMENTS**

The following is a summary of the fund's valuation inputs as of period end.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| **Investment Securities** | | | |
| Affiliated Funds | $365843123 |  |  |
| Common Stocks | 167263143 | $56648257 |  |
| U.S. Treasury Securities |  | 37519925 |  |
| U.S. Government Agency Mortgage-Backed Securities |  | 20820519 |  |
| Corporate Bonds |  | 11117045 |  |
| Collateralized Mortgage Obligations |  | 8975806 |  |
| Sovereign Governments and Agencies |  | 7382301 |  |
| Commercial Mortgage-Backed Securities |  | 2398180 |  |
| Exchange-Traded Funds | 1714598 |  |  |
| Asset-Backed Securities |  | 1442583 |  |
| Collateralized Loan Obligations |  | 727747 |  |
| Preferred Securities |  | 672133 |  |
| Convertible Preferred Securities |  | 318260 |  |
| Municipal Securities |  | 243481 |  |
| Short-Term Investments | 28257966 | 5499855 |  |
|  | $563078830 | $153766092 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $4668 | $32506 |  |
| Swap Agreements |  | 794007 |  |
| Forward Foreign Currency Exchange Contracts |  | 309954 |  |
|  | $4668 | $1136467 |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $21011 | $28869 |  |
| Forward Foreign Currency Exchange Contracts |  | 115858 |  |
|  | $21011 | $144727 |  |

---

**DERIVATIVE INSTRUMENTS**

As of period end, the value of derivative instruments located on the Statement of Assets and Liabilities were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit Risk** | **Foreign Currency Risk** | **Interest Rate Risk** | **Total** |
| **Asset Derivatives:** | | | | |
| &nbsp;&nbsp;Receivable for variation margin on futures contracts\* |  |  | $9714 | $9714 |
| &nbsp;&nbsp;Unrealized appreciation on forward foreign currency exchange contracts |  | $309954 |  | 309954 |
|  |  |  |  | $319668 |
| **Liability Derivatives:** |  |  |  |  |
| &nbsp;&nbsp;Payable for variation margin on swap agreements\* | $9513 |  |  | $9513 |
| &nbsp;&nbsp;Unrealized depreciation on forward foreign currency exchange contracts |  | $115858 |  | 115858 |
|  |  |  |  | $125371 |

---

\*Included in the unrealized appreciation (depreciation) on futures contracts or centrally cleared swap agreements, as applicable, as reported in the Schedule of Investments.

------

Schedule of Investments - Strategic Allocation: Aggressive Fund

The following is a summary of the effect of derivative instruments on the Statement of Operations for the period ended July 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit Risk** | **Foreign Currency Risk** | **Interest Rate Risk** | **Total** |
| **Net realized gain (loss) on:** | | | | |
| &nbsp;&nbsp;Forward foreign currency exchange transactions |  | $(369076) |  | $(369076) |
| &nbsp;&nbsp;Futures contract transactions |  |  | $313157 | 313157 |
| &nbsp;&nbsp;Swap agreement transactions | $1023277 |  |  | 1023277 |
|  |  |  |  | $967358 |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |  |  |
| &nbsp;&nbsp;Forward foreign currency exchange contracts |  | $254744 |  | $254744 |
| &nbsp;&nbsp;Futures contracts |  |  | $(642181) | (642181) |
| &nbsp;&nbsp;Swap agreements | $(298550) |  |  | (298550) |
|  |  |  |  | $(685987) |

---

See Notes to Financial Statements.

------

Statements of Assets and Liabilities

---

| | | |
|:---|:---|:---|
| **JULY 31, 2025** | **JULY 31, 2025** | |
| | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Moderate Fund** |
| **Assets** | | |
| Investment securities, at value | $186381887 | $417137299 |
| Investment securities - affiliated, at value | 99248924 | 337874360 |
| Investment made with cash collateral received for securities on loan, at value | 1746235 | 10975407 |
| Cash | 109973 | 294521 |
| Foreign currency holdings, at value | 10012 | 18724 |
| Receivable for investments sold | 5783383 | 10588733 |
| Receivable for capital shares sold | 47661 | 354066 |
| Receivable for variation margin on futures contracts | 18092 | 30336 |
| Unrealized appreciation on forward foreign currency exchange contracts | 343312 | 532586 |
| Interest and dividends receivable | 735829 | 1434786 |
| Securities lending receivable | 3771 | 11978 |
| Other assets |  | 16226 |
|  | 294429079 | 779269022 |
| **Liabilities** |  |  |
| Payable for collateral received for securities on loan | 1746235 | 10975407 |
| Payable for investments purchased | 15495692 | 27630109 |
| Payable for capital shares redeemed | 125140 | 300112 |
| Payable for variation margin on swap agreements | 979 | 3926 |
| Unrealized depreciation on forward foreign currency exchange contracts | 54603 | 101796 |
| Accrued management fees | 145998 | 374056 |
| Distribution and service fees payable | 22595 | 75233 |
| Accrued foreign taxes | 254 | 524 |
|  | 17591496 | 39461163 |
| **Net Assets** | $276837583 | $739807859 |
| **Net Assets Consist of:** |  |  |
| Capital (par value and paid-in surplus) | $234417007 | $562115938 |
| Distributable earnings (loss) | 42420576 | 177691921 |
|  | $276837583 | $739807859 |
| Investment securities, at cost | $175738011 | $369187463 |
| Investment securities on loan, at value | $540659 | $1592356 |
| Investment securities - affiliated, at cost | $71804415 | $230871370 |
| Investment securities on loan - affiliated, at value | $1573753 | $10445212 |
| Investment made with cash collateral received for securities on loan, at cost | $1746235 | $10975407 |
| Foreign currency holdings, at cost | $27154 | $66527 |

---

------

Statements of Assets and Liabilities

---

| | | | |
|:---|:---|:---|:---|
| **Fund/Class** | **Net Assets** | **Shares Outstanding** | **Net Asset Value Per Share** |
| **Strategic Allocation: Conservative Fund** | | | |
| Investor Class, $0.01 Par Value | $110611671 | 19561134 | $5.65 |
| I Class, $0.01 Par Value | $22912218 | 4050418 | $5.66 |
| A Class, $0.01 Par Value | $68525474 | 12133354 | $5.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (net asset value divide by 0.9425) | &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (net asset value divide by 0.9425) |  | $5.99 |
| C Class, $0.01 Par Value | $4583591 | 834176 | $5.49 |
| R Class, $0.01 Par Value | $9525320 | 1692549 | $5.63 |
| R5 Class, $0.01 Par Value | $8203 | 1449 | $5.66 |
| R6 Class, $0.01 Par Value | $60671106 | 10723059 | $5.66 |
| **Strategic Allocation: Moderate Fund** |  |  |  |
| Investor Class, $0.01 Par Value | $226765188 | 33277380 | $6.81 |
| I Class, $0.01 Par Value | $73790911 | 10820335 | $6.82 |
| A Class, $0.01 Par Value | $261796560 | 38606866 | $6.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (net asset value divide by 0.9425) | &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (net asset value divide by 0.9425) |  | $7.19 |
| C Class, $0.01 Par Value | $9285818 | 1417747 | $6.55 |
| R Class, $0.01 Par Value | $26411872 | 3939380 | $6.70 |
| R5 Class, $0.01 Par Value | $9463 | 1386 | $6.83 |
| R6 Class, $0.01 Par Value | $141748047 | 20836898 | $6.80 |

---

Maximum offering price per share was equal to the net asset value per share for all share classes, except A Class. The A Class may incur an initial sales charge and the A Class and C Class may be subject to a contingent deferred sales charge.

See Notes to Financial Statements.

------

Statements of Assets and Liabilities

---

| | |
|:---|:---|
| **JULY 31, 2025** | **JULY 31, 2025** |
| | **Strategic Allocation: Aggressive Fund** |
| **Assets** | **Assets** |
| Investment securities, at value | $337202352 |
| Investment securities - affiliated, at value | 365843123 |
| Investment made with cash collateral received for securities on loan, at value | 13799447 |
| Foreign currency holdings, at value | 11553 |
| Receivable for investments sold | 6519063 |
| Receivable for capital shares sold | 292589 |
| Receivable for variation margin on futures contracts | 9714 |
| Unrealized appreciation on forward foreign currency exchange contracts | 309954 |
| Interest and dividends receivable | 877627 |
| Securities lending receivable | 12579 |
| Other assets | 23474 |
|  | 724901475 |
| **Liabilities** | **Liabilities** |
| Disbursements in excess of demand deposit cash | 449 |
| Payable for collateral received for securities on loan | 13799447 |
| Payable for investments purchased | 15416893 |
| Payable for capital shares redeemed | 434173 |
| Payable for variation margin on swap agreements | 9513 |
| Unrealized depreciation on forward foreign currency exchange contracts | 115858 |
| Accrued management fees | 288366 |
| Distribution and service fees payable | 50435 |
| Accrued foreign taxes | 274 |
|  | 30115408 |
| **Net Assets** | $694786067 |
| **Net Assets Consist of:** | **Net Assets Consist of:** |
| Capital (par value and paid-in surplus) | $487022579 |
| Distributable earnings (loss) | 207763488 |
|  | $694786067 |
| Investment securities, at cost | $285108648 |
| Investment securities on loan, at value | $1717974 |
| Investment securities - affiliated, at cost | $238158787 |
| Investment securities on loan - affiliated, at value | $13254207 |
| Investment made with cash collateral received for securities on loan, at cost | $13799447 |
| Foreign currency holdings, at cost | $55743 |

---

------

Statements of Assets and Liabilities

---

| | | | |
|:---|:---|:---|:---|
| **Fund/Class** | **Net Assets** | **Shares Outstanding** | **Net Asset Value Per Share** |
| **Strategic Allocation: Aggressive Fund** | | | |
| Investor Class, $0.01 Par Value | $249750351 | 29193250 | $8.56 |
| I Class, $0.01 Par Value | $31772768 | 3755874 | $8.46 |
| A Class, $0.01 Par Value | $154933521 | 17875415 | $8.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (net asset value divide by 0.9425) | &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (net asset value divide by 0.9425) |  | $9.20 |
| C Class, $0.01 Par Value | $13073918 | 1575985 | $8.30 |
| R Class, $0.01 Par Value | $14659872 | 1694736 | $8.65 |
| R5 Class, $0.01 Par Value | $14914 | 1761 | $8.47 |
| R6 Class, $0.01 Par Value | $230580723 | 27371164 | $8.42 |

---

Maximum offering price per share was equal to the net asset value per share for all share classes, except A Class. The A Class may incur an initial sales charge and the A Class and C Class may be subject to a contingent deferred sales charge.

See Notes to Financial Statements.

------

Statements of Operations

---

| | | |
|:---|:---|:---|
| **YEAR ENDED JULY 31, 2025** | | |
| | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Moderate Fund** |
| **Investment Income (Loss)** | | |
| **Income:** | | |
| Income distributions from affiliated funds | $3076025 | $8915497 |
| Dividends | 1084960 | 3752650 |
| Interest | 5024305 | 8357786 |
| Securities lending, net | 22987 | 175248 |
| Less foreign taxes withheld | (52727) | (165174) |
|  | 9155550 | 21036007 |
| **Expenses:** |  |  |
| Management fees | 2582245 | 7522361 |
| Distribution and service fees: |  |  |
| &nbsp;&nbsp;&nbsp;A Class | 175838 | 648133 |
| &nbsp;&nbsp;&nbsp;C Class | 48288 | 108103 |
| &nbsp;&nbsp;&nbsp;R Class | 46095 | 133548 |
| Directors' fees and expenses | 8817 | 22695 |
| Other expenses | 19955 | 44519 |
|  | 2881238 | 8479359 |
| Fees waived | (833073) | (3125547) |
|  | 2048165 | 5353812 |
| **Net investment income (loss)** | 7107385 | 15682195 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| **Net realized gain (loss) on:** |  |  |
| Investment transactions | 1118270 | 11426101 |
| Sales of investments in affiliated funds | 7286533 | 16791016 |
| Forward foreign currency exchange contract transactions | (412634) | (487572) |
| Futures contract transactions | 222256 | 1369 |
| Swap agreement transactions | (135742) | (26783) |
| Foreign currency translation transactions | 8717 | 9410 |
|  | 8087400 | 27713541 |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |
| Investments\* | 5259766 | 9083301 |
| Investments in affiliated funds | 2159503 | 19569000 |
| Forward foreign currency exchange contracts | 418873 | 565708 |
| Futures contracts | (454839) | (780585) |
| Swap agreements | 149824 | 286717 |
| Translation of assets and liabilities in foreign currencies | 939 | 5925 |
|  | 7534066 | 28730066 |
| **Net realized and unrealized gain (loss)** | 15621466 | 56443607 |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | $22728851 | $72125802 |
| \*Includes (increase) decrease in accrued foreign taxes | $(254) | $(524) |

---

See Notes to Financial Statements.

------

Statements of Operations

---

| | |
|:---|:---|
| **YEAR ENDED JULY 31, 2025** | **YEAR ENDED JULY 31, 2025** |
| | **Strategic Allocation: Aggressive Fund** |
| **Investment Income (Loss)** | |
| **Income:** | |
| Income distributions from affiliated funds | $8100270 |
| Dividends | 3995844 |
| Interest | 4564856 |
| Securities lending, net | 439960 |
| Less foreign taxes withheld | (169754) |
|  | 16931176 |
| **Expenses:** |  |
| Management fees | 6891188 |
| Distribution and service fees: |  |
| &nbsp;&nbsp;&nbsp;A Class | 375785 |
| &nbsp;&nbsp;&nbsp;C Class | 129984 |
| &nbsp;&nbsp;&nbsp;R Class | 70735 |
| Directors' fees and expenses | 20430 |
| Other expenses | 55919 |
|  | 7544041 |
| Fees waived | (3604069) |
|  | 3939972 |
| **Net investment income (loss)** | 12991204 |
| **Realized and Unrealized Gain (Loss)** | **Realized and Unrealized Gain (Loss)** |
| **Net realized gain (loss) on:** |  |
| Investment transactions | 16065661 |
| Sales of investments in affiliated funds | 12622495 |
| Forward foreign currency exchange contract transactions | (369076) |
| Futures contract transactions | 313157 |
| Swap agreement transactions | 1023277 |
| Foreign currency translation transactions | (2160) |
|  | 29653354 |
| **Change in net unrealized appreciation (depreciation) on:** |  |
| Investments\* | 5944598 |
| Investments in affiliated funds | 30076307 |
| Forward foreign currency exchange contracts | 254744 |
| Futures contracts | (642181) |
| Swap agreements | (298550) |
| Translation of assets and liabilities in foreign currencies | (6612) |
|  | 35328306 |
| **Net realized and unrealized gain (loss)** | 64981660 |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | $77972864 |
| \*Includes (increase) decrease in accrued foreign taxes | $(274) |

---

See Notes to Financial Statements.

------

Statements of Changes in Net Assets

---

| | | | | |
|:---|:---|:---|:---|:---|
| **YEARS ENDED JULY 31, 2025 AND JULY 31, 2024** | **YEARS ENDED JULY 31, 2025 AND JULY 31, 2024** | **YEARS ENDED JULY 31, 2025 AND JULY 31, 2024** | | |
| | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** |
| **Increase (Decrease) in Net Assets** | **July 31, 2025** | **July 31, 2024** | **July 31, 2025** | **July 31, 2024** |
| **Operations** | | | | |
| Net investment income (loss) | $7107385 | $8121471 | $15682195 | $15942899 |
| Net realized gain (loss) | 8087400 | 8531126 | 27713541 | 23358918 |
| Change in net unrealized appreciation (depreciation) | 7534066 | 12145681 | 28730066 | 38752306 |
| Net increase (decrease) in net assets resulting from operations | 22728851 | 28798278 | 72125802 | 78054123 |
| **Distributions to Shareholders** |  |  |  |  |
| From earnings: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investor Class | (7915559) | (2572031) | (12881685) | (4640706) |
| &nbsp;&nbsp;&nbsp;I Class | (1642258) | (552227) | (4375192) | (1462818) |
| &nbsp;&nbsp;&nbsp;A Class | (4782252) | (1400519) | (13966120) | (4302501) |
| &nbsp;&nbsp;&nbsp;C Class | (295530) | (67873) | (563765) | (136756) |
| &nbsp;&nbsp;&nbsp;R Class | (602952) | (155178) | (1395997) | (367434) |
| &nbsp;&nbsp;&nbsp;R5 Class | (565) | (208) | (512) | (12336) |
| &nbsp;&nbsp;&nbsp;R6 Class | (4338973) | (2348990) | (8446444) | (2972781) |
| Decrease in net assets from distributions | (19578089) | (7097026) | (41629715) | (13895332) |
| **Capital Share Transactions** |  |  |  |  |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | (49930001) | (32589475) | (44786757) | (64164875) |
| **Net increase (decrease) in net assets** | (46779239) | (10888223) | (14290670) | (6084) |
| **Net Assets** |  |  |  |  |
| Beginning of period | 323616822 | 334505045 | 754098529 | 754104613 |
| End of period | $276837583 | $323616822 | $739807859 | $754098529 |

---

See Notes to Financial Statements.

------

Statements of Changes in Net Assets

---

| | | |
|:---|:---|:---|
| **YEARS ENDED JULY 31, 2025 AND JULY 31, 2024** | **YEARS ENDED JULY 31, 2025 AND JULY 31, 2024** | **YEARS ENDED JULY 31, 2025 AND JULY 31, 2024** |
| | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** |
| **Increase (Decrease) in Net Assets** | **July 31, 2025** | **July 31, 2024** |
| **Operations** | **Operations** | **Operations** |
| Net investment income (loss) | $12991204 | $12269695 |
| Net realized gain (loss) | 29653354 | 28829823 |
| Change in net unrealized appreciation (depreciation) | 35328306 | 37763145 |
| Net increase (decrease) in net assets resulting from operations | 77972864 | 78862663 |
| **Distributions to Shareholders** | **Distributions to Shareholders** | **Distributions to Shareholders** |
| From earnings: |  |  |
| &nbsp;&nbsp;&nbsp;Investor Class | (15941418) | (5694464) |
| &nbsp;&nbsp;&nbsp;I Class | (2153201) | (1435120) |
| &nbsp;&nbsp;&nbsp;A Class | (9269895) | (3064551) |
| &nbsp;&nbsp;&nbsp;C Class | (735773) | (193914) |
| &nbsp;&nbsp;&nbsp;R Class | (824049) | (251898) |
| &nbsp;&nbsp;&nbsp;R5 Class | (901) | (653) |
| &nbsp;&nbsp;&nbsp;R6 Class | (14489592) | (5004998) |
| Decrease in net assets from distributions | (43414829) | (15645598) |
| **Capital Share Transactions** | **Capital Share Transactions** | **Capital Share Transactions** |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | (2284258) | (67260838) |
| **Net increase (decrease) in net assets** | 32273777 | (4043773) |
| **Net Assets** | **Net Assets** | **Net Assets** |
| Beginning of period | 662512290 | 666556063 |
| End of period | $694786067 | $662512290 |

---

See Notes to Financial Statements.

------

Notes to Financial Statements

**JULY 31, 2025** 

**1. Organization**

American Century Strategic Asset Allocations, Inc. (the corporation) is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company and is organized as a Maryland corporation. Each fund is an asset allocation fund, meaning that it diversifies its investments among equity securities, bonds and money market instruments. The funds may invest in varying combinations of other affiliated investment companies such as mutual funds and exchange-traded funds advised by American Century Investments (affiliated funds). The financial statements herein relate to the following funds and the respective share classes offered by the corporation.

---

| | |
|:---|:---|
| Strategic Allocation: Conservative Fund | Investor, I, A, C, R, R5, R6 |
| Strategic Allocation: Moderate Fund | Investor, I, A, C, R, R5, R6 |
| Strategic Allocation: Aggressive Fund | Investor, I, A, C, R, R5, R6 |

---

Each fund represents a single operating segment as its operating results are monitored as a whole and the long-term asset allocation is determined in accordance with its prospectus, based on defined investment objectives executed by the fund's portfolio management team. The President of the funds serves as the chief operating decision maker (CODM). A fund's income, expenses, assets, and performance are regularly monitored and assessed by the CODM, using the information consistent with that presented in the financial statements and financial highlights.

**2. Significant Accounting Policies**

The following is a summary of significant accounting policies consistently followed by the funds in preparation of their financial statements. Each fund is an investment company and follows accounting and reporting guidance in accordance with accounting principles generally accepted in the United States of America. This may require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from these estimates. Management evaluated the impact of events or transactions occurring through the date the financial statements were issued that would merit recognition or disclosure.

**Investment Valuations —** Each 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 value of a fund's investments is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually.

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.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, bank loan obligations, municipal securities, convertible bonds and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper and certificates of deposit are valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service.

------

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause a fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, 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 valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee 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.

**Fair Value Measurements —** The investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by a 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 Schedule of Investments provides additional information on a fund's level classifications.

**Foreign Currency Translations —** All assets and liabilities, including investment securities and other financial instruments, initially expressed in foreign currencies are translated into U.S. dollars each day at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service. A fund may enter into spot foreign currency exchange contracts to facilitate transactions denominated in a foreign currency. Purchases and sales of investment securities, dividend and interest income, spot foreign currency exchange contracts, and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net realized and unrealized foreign currency exchange gains or losses related to investment securities are a component of net realized gain (loss) on investment transactions and change in net unrealized appreciation (depreciation) on investments, respectively.

**Security Transactions —** Security transactions are accounted for as of the trade date. Net realized gains and losses are determined on the identified cost basis, which is also used for federal income tax purposes. Certain countries impose taxes on realized gains on the sale of securities registered in their country. A fund records the foreign tax expense, if any, on an accrual basis. The foreign tax expense on realized gains and unrealized appreciation reduces the net realized gain (loss) on investment transactions and net unrealized appreciation (depreciation) on investments, respectively.

**Investment Income —** Dividend income less foreign taxes withheld, if any, is recorded as of the ex-dividend date. Income and capital gain distributions, if any, from the affiliated funds are recorded as of the ex-dividend date. Distributions received on securities that represent a return of capital or long-term capital gain are recorded as a reduction of cost of investments and/or as a realized gain. A fund may estimate the components of distributions received that may be considered nontaxable distributions or long-term capital gain distributions for income tax purposes. Interest income less foreign taxes withheld, if any, is recorded on the accrual basis and includes paydown gain (loss) and accretion of discounts and amortization of premiums. Inflation adjustments related to inflation-linked debt securities are reflected as interest income. Securities lending income is net of fees and rebates earned by the lending agent for its services.

**Forward Commitments —** A fund may engage in securities transactions on a forward commitment basis. In these transactions, the securities' prices and yields are fixed on the date of the commitment. A fund may sell a to-be-announced (TBA) security and at the same time make a commitment to purchase the same security at a future date at a specified price. Conversely, a fund may purchase a TBA security and at the same time make a commitment to sell the same security at a future date at a specified price. These types of transactions are known as "TBA roll" transactions and are accounted for as purchases and sales. A fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet the purchase price.

**Income Tax Status —** It is each fund's policy to distribute substantially all net investment income and net realized gains to shareholders and to otherwise qualify as a regulated investment company under provisions of the Internal Revenue Code. Accordingly, no provision has been made for income taxes. A fund files U.S. federal, state, local and non-U.S. tax returns as applicable. A fund's tax returns are subject to examination by the relevant taxing authority until expiration of the applicable statute of limitations, which is generally three years from the date of filing but can be longer in certain jurisdictions. At this time, management believes there are no uncertain tax positions which, based on their technical merit, would not be sustained upon examination and for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

------

**Multiple Class —** All shares of a fund represent an equal pro rata interest in the net assets of the class to which such shares belong, and have identical voting, dividend, liquidation and other rights and the same terms and conditions, except for class specific expenses and exclusive rights to vote on matters affecting only individual classes. Income, non-class specific expenses, and realized and unrealized capital gains and losses of a fund are allocated to each class of shares based on their relative net assets.

**Distributions to Shareholders —** Distributions to shareholders are recorded on the ex-dividend date in a manner consistent with provisions of the 1940 Act. A fund may elect to treat a portion of its payment to a redeeming shareholder, which represents the pro rata share of undistributed net investment income and net realized gains, as a distribution for federal income tax purposes (tax equalization). Distributions from net realized gains, if any, are generally declared and paid annually. Distributions from net investment income, if any, are generally declared and paid as follows:

---

| | |
|:---|:---|
| Strategic Allocation: Conservative Fund | Quarterly |
| Strategic Allocation: Moderate Fund | Quarterly |
| Strategic Allocation: Aggressive Fund | Annually |

---

**Indemnifications —** Under the corporation's organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to a fund. In addition, in the normal course of business, a fund may enter into contracts that provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against a fund. The risk of material loss from such claims is considered by management to be remote.

**Securities Lending —** Securities are lent to qualified financial institutions and brokers. State Street Bank & Trust Co. serves as securities lending agent to the funds pursuant to a Securities Lending Agreement. The lending of securities exposes a fund to risks such as: the borrowers may fail to return the loaned securities, the borrowers may not be able to provide additional collateral, a fund may experience delays in recovery of the loaned securities or delays in access to collateral, or a fund may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge collateral in the form of cash and/or securities. The lending agent has agreed to indemnify the funds in the case of default of any securities borrowed. Cash collateral received is invested in the State Street Navigator Securities Lending Government Money Market Portfolio, a money market mutual fund registered under the 1940 Act. The loans may also be secured by U.S. government securities in an amount at least equal to the market value of the securities loaned, plus accrued interest and dividends, determined on a daily basis and adjusted accordingly. By lending securities, a fund seeks to increase its net investment income through the receipt of interest and fees. Such income is reflected separately within the Statement of Operations. The value of loaned securities and related collateral outstanding at period end, if any, are shown on a gross basis within the Schedule of Investments and Statement of Assets and Liabilities, and the remaining contractual maturities of any securities lending transactions are considered overnight and continuous.

**3. Fees and Transactions with Related Parties**

Certain officers and directors of the corporation are also officers and/or directors of American Century Companies, Inc. (ACC). The corporation's investment advisor, ACIM, the corporation's distributor, American Century Investment Services, Inc. (ACIS), and the corporation's transfer agent, American Century Services, LLC, are wholly owned, directly or indirectly, by ACC. ACIM serves as the investment advisor for the affiliated funds.

**Management Fees —** The corporation has entered into a management agreement with ACIM, under which ACIM provides each fund with investment advisory and management services in exchange for a single, unified management fee (the fee) per class. The agreement provides that ACIM will pay all expenses of managing and operating a fund, except brokerage expenses, taxes, interest, fees and expenses of the independent directors (including legal counsel fees), extraordinary expenses, and expenses incurred in connection with the provision of shareholder services and distribution services under a plan adopted pursuant to Rule 12b-1 under the 1940 Act. The fee is computed and accrued daily based on the daily net assets of each class and paid monthly in arrears. The difference in the fee among the classes is a result of their separate arrangements for non-Rule 12b-1 shareholder services. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class. The rate of the fee is determined by applying a fee rate calculation formula. This formula takes into account a fund's assets as well as certain assets, if any, of other clients of the investment advisor outside the American Century Investments family of funds (such as subadvised funds and separate accounts), as well as exchange-traded funds managed by the investment advisor, that use very similar investment teams and strategies (strategy assets). The investment advisor will waive the portion of a fund's management fee equal to the expenses attributable to the management fees of the funds advised by American Century Investments in which a fund invests (the underlying funds waiver). The amount of the underlying funds waiver will fluctuate depending on a fund's daily allocation to such funds. This waiver is expected to remain in effect permanently and it cannot be terminated without the approval of the Board of Directors.

------

The management fee schedule range and the effective annual management fee including any waiver impacts for the period ended July 31, 2025 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Management Fee**<br>**Schedule Range** | **Effective Annual Management Fee** | **Effective Annual Management Fee** | **Management Fee Waived** |
| **Strategic Allocation: Conservative Fund** | **Management Fee**<br>**Schedule Range** | **Before Waiver** | **After Waiver** | **Management Fee Waived** |
| Investor Class | 0.80% to 1.00% | 1.00% | 0.71% | $327247 |
| I Class | 0.60% to 0.80% | 0.80% | 0.51% | $66080 |
| A Class | 0.80% to 1.00% | 1.00% | 0.71% | $204836 |
| C Class | 0.80% to 1.00% | 1.00% | 0.71% | $14062 |
| R Class | 0.80% to 1.00% | 1.00% | 0.71% | $26845 |
| R5 Class | 0.60% to 0.80% | 0.80% | 0.51% | $22 |
| R6 Class | 0.45% to 0.65% | 0.65% | 0.36% | $193981 |

---

In addition to the underlying funds waiver, the investment advisor agreed to waive 0.18% of the fund's management fee during the period ended July 31, 2025. The investment advisor expects this waiver to continue until July 31, 2026 and cannot terminate it prior to such date without the approval of the Board of Directors.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Management Fee Schedule Range** | **Effective Annual Management Fee** | **Effective Annual Management Fee** | **Management Fee Waived** |
| **Strategic Allocation: Moderate Fund** | **Management Fee Schedule Range** | **Before Waiver** | **After Waiver** | **Management Fee Waived** |
| Investor Class | 0.90% to 1.10% | 1.10% | 0.68% | $965163 |
| I Class | 0.70% to 0.90% | 0.90% | 0.48% | $314303 |
| A Class | 0.90% to 1.10% | 1.10% | 0.68% | $1091258 |
| C Class | 0.90% to 1.10% | 1.10% | 0.68% | $45501 |
| R Class | 0.90% to 1.10% | 1.10% | 0.68% | $112429 |
| R5 Class | 0.70% to 0.90% | 0.90% | 0.48% | $37 |
| R6 Class | 0.55% to 0.75% | 0.75% | 0.33% | $596856 |

---

In addition to the underlying funds waiver, the investment advisor agreed to waive 0.27% of the fund's management fee during the period ended July 31, 2025. The investment advisor expects this waiver to continue until July 31, 2026 and cannot terminate it prior to such date without the approval of the Board of Directors.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Management Fee Schedule Range** | **Effective Annual Management Fee** | **Effective Annual Management Fee** | **Management Fee Waived** |
| **Strategic Allocation: Aggressive Fund** | **Management Fee Schedule Range** | **Before Waiver** | **After Waiver** | **Management Fee Waived** |
| Investor Class | 0.90% to 1.15% | 1.15% | 0.61% | $1322894 |
| I Class | 0.70% to 0.95% | 0.95% | 0.41% | $172464 |
| A Class | 0.90% to 1.15% | 1.15% | 0.61% | $808412 |
| C Class | 0.90% to 1.15% | 1.15% | 0.61% | $69907 |
| R Class | 0.90% to 1.15% | 1.15% | 0.61% | $76085 |
| R5 Class | 0.70% to 0.95% | 0.95% | 0.41% | $73 |
| R6 Class | 0.55% to 0.80% | 0.80% | 0.26% | $1154234 |

---

In addition to the underlying funds waiver, the investment advisor agreed to waive 0.37% of the fund's management fee during the period ended July 31, 2025. The investment advisor expects this waiver to continue until July 31, 2026 and cannot terminate it prior to such date without the approval of the Board of Directors.

**Distribution and Service Fees —** The Board of Directors has adopted a separate Master Distribution and Individual Shareholder Services Plan for each of the A Class, C Class and R Class (collectively the plans), pursuant to Rule 12b-1 of the 1940 Act. The plans provide that the A Class will pay ACIS an annual distribution and service fee of 0.25%. The plans provide that the C Class will pay ACIS an annual distribution and service fee of 1.00%, of which 0.25% is paid for individual shareholder services and 0.75% is paid for distribution services. The plans provide that the R Class will pay ACIS an annual distribution and service fee of 0.50%. The fees are computed and accrued daily based on each class's daily net assets and paid monthly in arrears. The fees are used to pay financial intermediaries for distribution and individual shareholder services. Fees incurred under the plans during the period ended July 31, 2025 are detailed in the Statement of Operations.

**Directors' Fees and Expenses —** The Board of Directors is responsible for overseeing the investment advisor's management and operations of the funds. The directors receive detailed information about the funds and their investment advisor regularly throughout the year, and meet at least quarterly with management of the investment advisor to review reports about fund operations. The funds' officers do not receive compensation from the funds.

**Other Expenses —** A fund's other expenses may include interest charges, clearing exchange fees, proxy solicitation expenses, fees associated with the recovery of foreign tax reclaims and other miscellaneous expenses.

------

**Interfund Transactions —** A fund may enter into security transactions with other American Century Investments funds and other client accounts of the investment advisor, in accordance with the 1940 Act rules and procedures adopted by the Board of Directors. The rules and procedures require, among other things, that these transactions be effected at the independent current market price of the security.

During the period, the interfund purchases and sales and the effect of interfund transactions on the Statement of Operations were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Interfund Purchases** | **Interfund Sales** | **Net Realized Gain (loss) on<br>Investment Transactions** |
| Strategic Allocation: Conservative Fund | $1827 | $4770 | $(1018) |
| Strategic Allocation: Moderate Fund | $10319 | $8901 | $(1115) |
| Strategic Allocation: Aggressive Fund | $13072 | $9405 | $(855) |

---

**4. Investment Transactions**

Purchases and sales of investment securities, excluding short-term investments, for the period ended July 31, 2025 were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Aggressive Fund** |
| Purchases of U.S. Treasury and Government Agency obligations | $166460823 | $292396032 | $165036950 |
| Purchases of other investment securities | $91937276 | $240358354 | $227831470 |
| Total Purchases | $258398099 | $532754386 | $392868420 |
| Sales of U.S. Treasury and Government Agency obligations | $176252250 | $288046252 | $158251178 |
| Sales of other investment securities | $115478089 | $262443656 | $235151681 |
| Total Sales | $291730339 | $550489908 | $393402859 |

---

------

**5. Capital Share Transactions**

Transactions in shares of the funds were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended<br>July 31, 2025** | **Year ended<br>July 31, 2025** | **Year ended<br>July 31, 2024** | **Year ended<br>July 31, 2024** |
| | **Shares** | **Amount** | **Shares** | **Amount** |
| **Strategic Allocation: Conservative Fund** | | | | |
| **Investor Class/Shares Authorized** | 500000000 |  | 500000000 |  |
| Sold | 1490304 | $8289788 | 892378 | $4739938 |
| Issued in reinvestment of distributions | 1407775 | 7700061 | 467961 | 2490715 |
| Redeemed | (4096470) | (22980226) | (4565609) | (24253101) |
|  | (1198391) | (6990377) | (3205270) | (17022448) |
| **I Class/Shares Authorized** | 120000000 |  | 120000000 |  |
| Sold | 966054 | 5401287 | 1109924 | 5874997 |
| Issued in reinvestment of distributions | 300062 | 1641810 | 103710 | 552174 |
| Redeemed | (1276534) | (7128990) | (1730234) | (9247970) |
|  | (10418) | (85893) | (516600) | (2820799) |
| **A Class/Shares Authorized** | 270000000 |  | 270000000 |  |
| Sold | 1171852 | 6529900 | 1686051 | 8841087 |
| Issued in reinvestment of distributions | 864147 | 4723423 | 260101 | 1383801 |
| Redeemed | (2955912) | (16554869) | (3097932) | (16419025) |
|  | (919913) | (5301546) | (1151780) | (6194137) |
| **C Class/Shares Authorized** | 70000000 |  | 70000000 |  |
| Sold | 117538 | 630221 | 224588 | 1160820 |
| Issued in reinvestment of distributions | 55594 | 295451 | 13047 | 67625 |
| Redeemed | (282526) | (1531691) | (488428) | (2503771) |
|  | (109394) | (606019) | (250793) | (1275326) |
| **R Class/Shares Authorized** | 50000000 |  | 50000000 |  |
| Sold | 199152 | 1098983 | 677356 | 3680824 |
| Issued in reinvestment of distributions | 110471 | 601463 | 29129 | 154891 |
| Redeemed | (349746) | (1968347) | (631885) | (3410792) |
|  | (40123) | (267901) | 74600 | 424923 |
| **R5 Class/Shares Authorized** | 150000000 |  | 150000000 |  |
| Sold |  |  | 53 | 276 |
| Issued in reinvestment of distributions | 104 | 565 | 39 | 208 |
| Redeemed |  |  | (457) | (2534) |
|  | 104 | 565 | (365) | (2050) |
| **R6 Class/Shares Authorized** | 235000000 |  | 235000000 |  |
| Sold | 4610710 | 25611181 | 3846752 | 20385164 |
| Issued in reinvestment of distributions | 793089 | 4338973 | 440923 | 2348865 |
| Redeemed | (11634447) | (66628984) | (5382080) | (28433667) |
|  | (6230648) | (36678830) | (1094405) | (5699638) |
| Net increase (decrease) | (8508783) | $(49930001) | (6144613) | $(32589475) |

---

------

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended <br>July 31, 2025** | **Year ended <br>July 31, 2025** | **Year ended <br>July 31, 2024** | **Year ended <br>July 31, 2024** |
| | **Shares** | **Amount** | **Shares** | **Amount** |
| **Strategic Allocation: Moderate Fund** | | | | |
| **Investor Class/Shares Authorized** | 790000000 |  | 790000000 |  |
| Sold | 2358019 | $15587240 | 2134083 | $12932030 |
| Issued in reinvestment of distributions | 1943728 | 12595148 | 746805 | 4550129 |
| Redeemed | (7203685) | (47572263) | (9477638) | (57731315) |
|  | (2901938) | (19389875) | (6596750) | (40249156) |
| **I Class/Shares Authorized** | 380000000 |  | 380000000 |  |
| Sold | 2495739 | 16544258 | 5860046 | 34750637 |
| Issued in reinvestment of distributions | 674379 | 4373097 | 238952 | 1460252 |
| Redeemed | (4018444) | (26448731) | (3748753) | (23075265) |
|  | (848326) | (5531376) | 2350245 | 13135624 |
| **A Class/Shares Authorized** | 670000000 |  | 670000000 |  |
| Sold | 3018713 | 19759330 | 3434687 | 20558536 |
| Issued in reinvestment of distributions | 2109144 | 13594280 | 690131 | 4188401 |
| Redeemed | (6991352) | (45773184) | (8508318) | (50787481) |
|  | (1863495) | (12419574) | (4383500) | (26040544) |
| **C Class/Shares Authorized** | 160000000 |  | 160000000 |  |
| Sold | 151927 | 969280 | 185795 | 1094748 |
| Issued in reinvestment of distributions | 90523 | 563312 | 23191 | 136594 |
| Redeemed | (759685) | (4764700) | (854493) | (5043585) |
|  | (517235) | (3232108) | (645507) | (3812243) |
| **R Class/Shares Authorized** | 90000000 |  | 90000000 |  |
| Sold | 406645 | 2638839 | 467093 | 2808659 |
| Issued in reinvestment of distributions | 219084 | 1395932 | 61131 | 367423 |
| Redeemed | (907775) | (5932716) | (692351) | (4111706) |
|  | (282046) | (1897945) | (164127) | (935624) |
| **R5 Class/Shares Authorized** | 50000000 |  | 50000000 |  |
| Sold |  |  | 18000 | 105149 |
| Issued in reinvestment of distributions | 78 | 512 | 2051 | 12336 |
| Redeemed |  |  | (133354) | (854516) |
|  | 78 | 512 | (113303) | (737031) |
| **R6 Class/Shares Authorized** | 295000000 |  | 295000000 |  |
| Sold | 3956287 | 26091837 | 5690859 | 34338619 |
| Issued in reinvestment of distributions | 1305795 | 8446444 | 488106 | 2972781 |
| Redeemed | (5573742) | (36854672) | (7177803) | (42837301) |
|  | (311660) | (2316391) | (998838) | (5525901) |
| Net increase (decrease) | (6724622) | $(44786757) | (10551780) | $(64164875) |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**July 31, 2025** | **Year ended**<br>**July 31, 2025** | **Year ended<br>July 31, 2024** | **Year ended<br>July 31, 2024** |
| | **Shares** | **Amount** | **Shares** | **Amount** |
| **Strategic Allocation: Aggressive Fund** | | | | |
| **Investor Class/Shares Authorized** | 550000000 |  | 550000000 |  |
| Sold | 2020800 | $16540941 | 1998297 | $15048008 |
| Issued in reinvestment of distributions | 1986899 | 15716369 | 757363 | 5604485 |
| Redeemed | (5532584) | (45363863) | (5880647) | (43821326) |
|  | (1524885) | (13106553) | (3124987) | (23168833) |
| **I Class/Shares Authorized** | 150000000 |  | 150000000 |  |
| Sold | 509819 | 4146780 | 511844 | 3792337 |
| Issued in reinvestment of distributions | 273931 | 2139399 | 195325 | 1427827 |
| Redeemed | (1107150) | (9006081) | (4431143) | (33472555) |
|  | (323400) | (2719902) | (3723974) | (28252391) |
| **A Class/Shares Authorized** | 325000000 |  | 325000000 |  |
| Sold | 1708040 | 14196612 | 1760537 | 12994816 |
| Issued in reinvestment of distributions | 1134414 | 9098002 | 399673 | 2997550 |
| Redeemed | (3193923) | (26428667) | (3538542) | (26871299) |
|  | (351469) | (3134053) | (1378332) | (10878933) |
| **C Class/Shares Authorized** | 90000000 |  | 90000000 |  |
| Sold | 246805 | 1953203 | 270232 | 1973647 |
| Issued in reinvestment of distributions | 95431 | 735773 | 26793 | 193715 |
| Redeemed | (472996) | (3746801) | (649897) | (4709502) |
|  | (130760) | (1057825) | (352872) | (2542140) |
| **R Class/Shares Authorized** | 50000000 |  | 50000000 |  |
| Sold | 226741 | 1870832 | 258075 | 1958824 |
| Issued in reinvestment of distributions | 101876 | 817046 | 33342 | 250061 |
| Redeemed | (384785) | (3209034) | (456216) | (3418011) |
|  | (56168) | (521156) | (164799) | (1209126) |
| **R5 Class/Shares Authorized** | 50000000 |  | 50000000 |  |
| Sold | 79 | 646 | 445 | 3176 |
| Issued in reinvestment of distributions | 115 | 901 | 89 | 653 |
| Redeemed | (11) | (95) | (1996) | (15242) |
|  | 183 | 1452 | (1462) | (11413) |
| **R6 Class/Shares Authorized** | 455000000 |  | 455000000 |  |
| Sold | 5487469 | 44331393 | 4548197 | 33446543 |
| Issued in reinvestment of distributions | 1864812 | 14489592 | 687500 | 5004998 |
| Redeemed | (5013458) | (40567206) | (5430890) | (39649543) |
|  | 2338823 | 18253779 | (195193) | (1198002) |
| Net increase (decrease) | (47676) | $(2284258) | (8941619) | $(67260838) |

---

**6. Derivative Instruments**

A fund may invest in various types of derivative instruments as permitted by its investment objectives and policies. The following is a summary of the primary underlying risks and derivative strategies used during the period. The Schedule of Investments provides additional information on the value and effect of a fund's derivative instruments activity.

**Credit Risk —** The funds may be subject to credit risk in the normal course of pursuing their investment objectives. The value of a bond generally declines as the credit quality of its issuer declines. Credit default swap agreements enable a fund to buy/sell protection against a credit event of a specific issuer or index. A fund may attempt to enhance returns by selling protection or attempt to mitigate credit risk by buying protection. The buyer/seller of credit protection against a security or basket of securities may pay/receive an up-front or periodic payment to compensate for/against potential default events. Changes in value, including the periodic amounts of interest to be paid or received on swap agreements, are recorded as unrealized appreciation (depreciation) on swap agreements. Upon entering into a centrally cleared swap, a fund is required to deposit cash or securities (initial margin) with a financial intermediary in an amount equal to a certain percentage of the notional amount. A fund may incur charges or earn income on cash deposit balances, which are reflected in interest expenses or interest income, respectively. Subsequent payments (variation margin) are made or received daily, in cash, by a fund. The variation margin is equal to the daily change in the value and is a component of unrealized gains and losses. Realized gain or loss is recorded upon receipt or payment of a periodic settlement or termination of

------

swap agreements. Net realized and unrealized gains or losses occurring during the holding period of swap agreements are a component of net realized gain (loss) on swap agreement transactions and change in net unrealized appreciation (depreciation) on swap agreements, respectively. The risks of entering into swap agreements include the possible lack of liquidity, failure of the counterparty to meet its obligations, and that there may be unfavorable changes in the underlying investments or instruments.

The average notional exposure to credit risk derivative instruments held during the period was as follows:

---

| | |
|:---|:---|
| Strategic Allocation: Conservative Fund | $3191936 |
| Strategic Allocation: Moderate Fund | $10958720 |
| Strategic Allocation: Aggressive Fund | $14328862 |

---

**Foreign Currency Risk —** The funds may be subject to foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The value of foreign investments held by a fund may be significantly affected by changes in foreign currency exchange rates. The dollar value of a foreign security generally decreases when the value of the dollar rises against the foreign currency in which the security is denominated and tends to increase when the value of the dollar declines against such foreign currency. A fund may enter into forward foreign currency exchange contracts to reduce a fund's exposure to foreign currency exchange rate fluctuations or to gain exposure to the fluctuations in the value of foreign currencies. A fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet requirements. The net U.S. dollar value of foreign currency underlying all contractual commitments held by a fund and the resulting unrealized appreciation or depreciation are determined daily. Realized gain or loss is recorded upon settlement of the contract. Net realized and unrealized gains or losses occurring during the holding period of forward foreign currency exchange contracts are a component of net realized gain (loss) on forward foreign currency exchange contract transactions and change in net unrealized appreciation (depreciation) on forward foreign currency exchange contracts, respectively. A fund bears the risk of an unfavorable change in the foreign currency exchange rate underlying the forward contract. Additionally, losses, up to the fair value, may arise if the counterparties do not perform under the contract terms.

The average U.S. dollar exposure to foreign currency risk derivative instruments held during the period was as follows:

---

| | |
|:---|:---|
| Strategic Allocation: Conservative Fund | $21238418 |
| Strategic Allocation: Moderate Fund | $35631383 |
| Strategic Allocation: Aggressive Fund | $21806638 |

---

**Interest Rate Risk —** The funds may be subject to interest rate risk in the normal course of pursuing their investment objectives. The value of bonds generally declines as interest rates rise. A fund may enter into futures contracts based on a bond index or a specific underlying security. A fund may purchase futures contracts to gain exposure to increases in market value or sell futures contracts to protect against a decline in market value. Upon entering into a futures contract, a fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet requirements. A fund may incur charges or earn income on cash deposit balances, which are reflected in interest expenses or interest income, respectively. Subsequent payments (variation margin) are made or received daily, in cash, by a fund. The variation margin is equal to the daily change in the contract value and is recorded as unrealized gains and losses. A fund recognizes a realized gain or loss when the futures contract is closed or expires. Net realized and unrealized gains or losses occurring during the holding period of futures contracts are a component of net realized gain (loss) on futures contract transactions and change in net unrealized appreciation (depreciation) on futures contracts, respectively. One of the risks of entering into futures contracts is the possibility that the change in value of the contract may not correlate with the changes in value of the underlying securities.

The average notional exposure to interest rate risk derivative instruments held during the period was as follows:

---

| | | |
|:---|:---|:---|
| | **Futures Contracts**<br>**Purchased** | **Futures Contracts**<br>**Sold** |
| Strategic Allocation: Conservative Fund | $15093732 | $7709461 |
| Strategic Allocation: Moderate Fund | $26385404 | $8511164 |
| Strategic Allocation: Aggressive Fund | $14744349 | $7788108 |

---

**7. Risk Factors**

The overall risk profile of a fund will be impacted by the fund's investment strategy, including the investment vehicles and techniques utilized to manage a portfolio. The net asset value of a fund will go up and down, sometimes rapidly or unpredictably, based on the performance of the securities owned by the fund and other factors generally affecting the securities market. Market risks, including political, regulatory, economic and social developments, can affect the value of a fund's investments. Natural disasters, public health emergencies, war, terrorism and other unforeseeable events may lead to increased market volatility and may have adverse long-term effects on world economies and markets generally.

------

**8. Federal Tax Information**

The tax character of distributions paid during the years ended July 31, 2025 and July 31, 2024 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2024** | **2024** |
| | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** |
|  | **Ordinary<br>Income** | **Long-term<br>Capital Gains** | **Ordinary<br>Income** | **Long-term<br>Capital Gains** |
| Strategic Allocation: Conservative Fund | $9154096 | $10423993 | $6876315 | $220711 |
| Strategic Allocation: Moderate Fund | $19446315 | $22183400 | $13895193 | $139 |
| Strategic Allocation: Aggressive Fund | $14738278 | $28676551 | $12151279 | $3494319 |

---

The book-basis character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts on the financial statements.

As of period end, the federal tax cost of investments and the components of distributable earnings on a tax-basis were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Aggressive Fund** |
| Federal tax cost of investments | $250145830 | $614115603 | $540181761 |
| Gross tax appreciation of investments | $46428721 | $170121030 | $189459702 |
| Gross tax depreciation of investments | (9197505) | (18249567) | (12796541) |
| Net tax appreciation (depreciation) of investments | 37231216 | 151871463 | 176663161 |
| Net tax appreciation (depreciation) on derivatives and translation of assets and liabilities in foreign currencies | (8701) | (43933) | 172633 |
| Net tax appreciation (depreciation) | $37222515 | $151827530 | $176835794 |
| Other book-to-tax adjustments | $(113010) | $(97499) | $(120734) |
| Undistributed ordinary income | $393419 | $2943420 | $9038291 |
| Accumulated long-term gains | $4917652 | $23018470 | $22010137 |

---

The difference between book-basis and tax-basis unrealized appreciation (depreciation), if any, is attributable primarily to the tax deferral of losses on wash sales. Other book-to-tax adjustments are attributable primarily to the tax deferral of losses on straddle positions.

**9. Investments in Affiliated Funds**

The funds do not invest in an affiliated fund for the purpose of exercising management or control; however, investments by the funds within their investment strategies may represent a significant portion of an affiliated fund's net assets.

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Financial Highlights

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | | | | | |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset**<br>**Value,**<br>**Beginning**<br>**of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net**<br>**Realized**<br>**and**<br>**Unrealized**<br>**Gain (Loss)** | **Total From**<br>**Investment**<br>**Operations** | **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net Asset Value,**<br>**End**<br>**of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating<br>Expenses<br>(before<br>expense<br>waiver)** | **Net<br>Investment<br>Income<br>(Loss)** | **Net Investment Income (Loss) (before expense<br>waiver)** | **Portfolio<br>Turnover<br>Rate** | **Net Assets, End of<br>Period (in<br>thousands)** |
| **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | | | | | | | | | | | |
| **Investor Class** | **Investor Class** | **Investor Class** | | | | | | | | | | | | | |
| 2025 | $5.63 | 0.14 | 0.28 | 0.42 | (0.14) | (0.26) | (0.40) | $5.65 | 7.85% | 0.72% | 1.01% | 2.48% | 2.19% | 95% | $110612 |
| 2024 | $5.26 | 0.13 | 0.35 | 0.48 | (0.11) | —<sup>(3)</sup> | (0.11) | $5.63 | 9.37% | 0.72% | 1.01% | 2.49% | 2.20% | 30% | $116902 |
| 2023 | $5.35 | 0.12 | 0.03 | 0.15 | (0.11) | (0.13) | (0.24) | $5.26 | 3.04% | 0.72% | 1.01% | 2.39% | 2.10% | 21% | $126027 |
| 2022 | $6.39 | 0.12 | (0.61) | (0.49) | (0.12) | (0.43) | (0.55) | $5.35 | (8.39)% | 0.72% | 1.01% | 2.00% | 1.71% | 40% | $136990 |
| 2021 | $5.65 | 0.08 | 0.92 | 1.00 | (0.07) | (0.19) | (0.26) | $6.39 | 18.09% | 0.76% | 1.00% | 1.38% | 1.14% | 57% | $167285 |
| **I Class** | **I Class** | **I Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $5.63 | 0.15 | 0.29 | 0.44 | (0.15) | (0.26) | (0.41) | $5.66 | 8.25% | 0.52% | 0.81% | 2.68% | 2.39% | 95% | $22912 |
| 2024 | $5.26 | 0.14 | 0.35 | 0.49 | (0.12) | —<sup>(3)</sup> | (0.12) | $5.63 | 9.59% | 0.52% | 0.81% | 2.69% | 2.40% | 30% | $22876 |
| 2023 | $5.35 | 0.13 | 0.03 | 0.16 | (0.12) | (0.13) | (0.25) | $5.26 | 3.24% | 0.52% | 0.81% | 2.59% | 2.30% | 21% | $24080 |
| 2022 | $6.40 | 0.13 | (0.62) | (0.49) | (0.13) | (0.43) | (0.56) | $5.35 | (8.35)% | 0.52% | 0.81% | 2.20% | 1.91% | 40% | $35548 |
| 2021 | $5.65 | 0.10 | 0.93 | 1.03 | (0.09) | (0.19) | (0.28) | $6.40 | 18.51% | 0.56% | 0.80% | 1.58% | 1.34% | 57% | $38058 |
| **A Class** | **A Class** | **A Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $5.62 | 0.12 | 0.30 | 0.42 | (0.13) | (0.26) | (0.39) | $5.65 | 7.77% | 0.97% | 1.26% | 2.23% | 1.94% | 95% | $68525 |
| 2024 | $5.25 | 0.12 | 0.35 | 0.47 | (0.10) | —<sup>(3)</sup> | (0.10) | $5.62 | 9.12% | 0.97% | 1.26% | 2.24% | 1.95% | 30% | $73419 |
| 2023 | $5.34 | 0.11 | 0.03 | 0.14 | (0.10) | (0.13) | (0.23) | $5.25 | 2.77% | 0.97% | 1.26% | 2.14% | 1.85% | 21% | $74616 |
| 2022 | $6.39 | 0.10 | (0.62) | (0.52) | (0.10) | (0.43) | (0.53) | $5.34 | (8.78)% | 0.97% | 1.26% | 1.75% | 1.46% | 40% | $79128 |
| 2021 | $5.65 | 0.07 | 0.92 | 0.99 | (0.06) | (0.19) | (0.25) | $6.39 | 17.79% | 1.01% | 1.25% | 1.13% | 0.89% | 57% | $92011 |
| **C Class** | **C Class** | **C Class** | **C Class** |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $5.48 | 0.08 | 0.27 | 0.35 | (0.08) | (0.26) | (0.34) | $5.49 | 6.76% | 1.72% | 2.01% | 1.48% | 1.19% | 95% | $4584 |
| 2024 | $5.12 | 0.08 | 0.34 | 0.42 | (0.06) | —<sup>(3)</sup> | (0.06) | $5.48 | 8.37% | 1.72% | 2.01% | 1.49% | 1.20% | 30% | $5172 |
| 2023 | $5.21 | 0.07 | 0.03 | 0.10 | (0.06) | (0.13) | (0.19) | $5.12 | 2.05% | 1.72% | 2.01% | 1.39% | 1.10% | 21% | $6118 |
| 2022 | $6.24 | 0.06 | (0.60) | (0.54) | (0.06) | (0.43) | (0.49) | $5.21 | (9.37)% | 1.72% | 2.01% | 1.00% | 0.71% | 40% | $8606 |
| 2021 | $5.53 | 0.02 | 0.90 | 0.92 | (0.02) | (0.19) | (0.21) | $6.24 | 16.90% | 1.76% | 2.00% | 0.38% | 0.14% | 57% | $11902 |
| **R Class** | **R Class** | **R Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $5.61 | 0.11 | 0.28 | 0.39 | (0.11) | (0.26) | (0.37) | $5.63 | 7.34% | 1.22% | 1.51% | 1.98% | 1.69% | 95% | $9525 |
| 2024 | $5.24 | 0.11 | 0.35 | 0.46 | (0.09) | —<sup>(3)</sup> | (0.09) | $5.61 | 8.86% | 1.22% | 1.51% | 1.99% | 1.70% | 30% | $9714 |
| 2023 | $5.32 | 0.10 | 0.03 | 0.13 | (0.08) | (0.13) | (0.21) | $5.24 | 2.72% | 1.22% | 1.51% | 1.89% | 1.60% | 21% | $8681 |
| 2022 | $6.37 | 0.09 | (0.62) | (0.53) | (0.09) | (0.43) | (0.52) | $5.32 | (9.04)% | 1.22% | 1.51% | 1.50% | 1.21% | 40% | $10251 |
| 2021 | $5.63 | 0.05 | 0.93 | 0.98 | (0.05) | (0.19) | (0.24) | $6.37 | 17.59% | 1.26% | 1.50% | 0.88% | 0.64% | 57% | $11768 |

---

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---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | | | | | |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset**<br>**Value,**<br>**Beginning**<br>**of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net**<br>**Realized**<br>**and**<br>**Unrealized**<br>**Gain (Loss)** | **Total From**<br>**Investment**<br>**Operations** | **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net Asset Value,**<br>**End**<br>**of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating<br>Expenses<br>(before<br>expense<br>waiver)** | **Net<br>Investment<br>Income<br>(Loss)** | **Net Investment Income (Loss) (before expense<br>waiver)** | **Portfolio<br>Turnover<br>Rate** | **Net Assets, End of<br>Period (in<br>thousands)** |
| **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | **Strategic Allocation: Conservative Fund** | | | | | | | | | | | |
| **R5 Class** | **R5 Class** | **R5 Class** | | | | | | | | | | | | | |
| 2025 | $5.64 | 0.15 | 0.28 | 0.43 | (0.15) | (0.26) | (0.41) | $5.66 | 8.05% | 0.52% | 0.81% | 2.68% | 2.39% | 95% | $8 |
| 2024 | $5.27 | 0.14 | 0.35 | 0.49 | (0.12) | —<sup>(3)</sup> | (0.12) | $5.64 | 9.57% | 0.52% | 0.81% | 2.69% | 2.40% | 30% | $8 |
| 2023 | $5.36 | 0.13 | 0.03 | 0.16 | (0.12) | (0.13) | (0.25) | $5.27 | 3.23% | 0.52% | 0.81% | 2.59% | 2.30% | 21% | $9 |
| 2022 | $6.41 | 0.10 | (0.59) | (0.49) | (0.13) | (0.43) | (0.56) | $5.36 | (8.34)% | 0.52% | 0.81% | 2.20% | 1.91% | 40% | $8 |
| 2021 | $5.66 | 0.10 | 0.93 | 1.03 | (0.09) | (0.19) | (0.28) | $6.41 | 18.48% | 0.56% | 0.80% | 1.58% | 1.34% | 57% | $38543 |
| **R6 Class** | **R6 Class** | **R6 Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $5.63 | 0.16 | 0.29 | 0.45 | (0.16) | (0.26) | (0.42) | $5.66 | 8.41% | 0.37% | 0.66% | 2.83% | 2.54% | 95% | $60671 |
| 2024 | $5.26 | 0.15 | 0.35 | 0.50 | (0.13) | —<sup>(3)</sup> | (0.13) | $5.63 | 9.76% | 0.37% | 0.66% | 2.84% | 2.55% | 30% | $95526 |
| 2023 | $5.35 | 0.14 | 0.03 | 0.17 | (0.13) | (0.13) | (0.26) | $5.26 | 3.40% | 0.37% | 0.66% | 2.74% | 2.45% | 21% | $94974 |
| 2022 | $6.40 | 0.14 | (0.62) | (0.48) | (0.14) | (0.43) | (0.57) | $5.35 | (8.21)% | 0.37% | 0.66% | 2.35% | 2.06% | 40% | $87310 |
| 2021 | $5.66 | 0.10 | 0.93 | 1.03 | (0.10) | (0.19) | (0.29) | $6.40 | 18.48% | 0.41% | 0.65% | 1.73% | 1.49% | 57% | $92483 |

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**Notes to Financial Highlights**

(1)Computed using average shares outstanding throughout the period.

(2)Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized.

(3)Per-share amount was less than $0.005.

\*The amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations or precisely reflect the class expense differentials due to the timing of transactions in shares of a fund in relation to income earned and/or fluctuations in the fair value of a fund's investments.

†Ratios for periods less than one year are annualized. Zero balances may reflect amounts less than 0.005%.

See Notes to Financial Statements.

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | | | | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | | |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset Value, Beginning<br>of Period** | **Net**<br>**Investment Income**<br>**(Loss)**<sup>(1)</sup> | **Net<br>Realized and Unrealized Gain (Loss)** | **Total From Investment Operations** | **Net<br>Investment Income** | **Net<br>Realized<br>Gains** | **Total Distributions** | **Net <br>Asset Value,<br>End of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating Expenses** | **Operating Expenses<br>(before expense waiver)** | **Net<br>Investment Income<br>(Loss)** | **Net Investment Income (Loss) (before expense waiver)** | **Portfolio Turnover<br>Rate** | **Net <br>Assets,<br>End of Period (in thousands)** |
| **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | | | | | | | | | | | |
| **Investor Class** | **Investor Class** | **Investor Class** | | | | | | | | | | | | | |
| 2025 | $6.54 | 0.14 | 0.50 | 0.64 | (0.15) | (0.22) | (0.37) | $6.81 | 10.20% | 0.69% | 1.11% | 2.14% | 1.72% | 75% | $226765 |
| 2024 | $5.99 | 0.13 | 0.54 | 0.67 | (0.12) |  | (0.12) | $6.54 | 11.30% | 0.69% | 1.11% | 2.21% | 1.79% | 28% | $236663 |
| 2023 | $6.00 | 0.12 | 0.20 | 0.32 | (0.11) | (0.22) | (0.33) | $5.99 | 5.89% | 0.69% | 1.11% | 2.10% | 1.68% | 25% | $256440 |
| 2022 | $7.40 | 0.10 | (0.76) | (0.66) | (0.11) | (0.63) | (0.74) | $6.00 | (9.97)% | 0.70% | 1.12% | 1.55% | 1.13% | 39% | $262310 |
| 2021 | $6.25 | 0.07 | 1.43 | 1.50 | (0.07) | (0.28) | (0.35) | $7.40 | 24.69% | 0.73% | 1.11% | 1.01% | 0.63% | 48% | $332602 |
| **I Class** | **I Class** | **I Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $6.55 | 0.15 | 0.50 | 0.65 | (0.16) | (0.22) | (0.38) | $6.82 | 10.42% | 0.49% | 0.91% | 2.34% | 1.92% | 75% | $73791 |
| 2024 | $6.00 | 0.15 | 0.53 | 0.68 | (0.13) |  | (0.13) | $6.55 | 11.50% | 0.49% | 0.91% | 2.41% | 1.99% | 28% | $76385 |
| 2023 | $6.00 | 0.13 | 0.21 | 0.34 | (0.12) | (0.22) | (0.34) | $6.00 | 6.28% | 0.49% | 0.91% | 2.30% | 1.88% | 25% | $55900 |
| 2022 | $7.40 | 0.12 | (0.77) | (0.65) | (0.12) | (0.63) | (0.75) | $6.00 | (9.80)% | 0.50% | 0.92% | 1.75% | 1.33% | 39% | $56679 |
| 2021 | $6.25 | 0.08 | 1.44 | 1.52 | (0.09) | (0.28) | (0.37) | $7.40 | 24.93% | 0.53% | 0.91% | 1.21% | 0.83% | 48% | $71639 |
| **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** |
| 2025 | $6.51 | 0.12 | 0.50 | 0.62 | (0.13) | (0.22) | (0.35) | $6.78 | 9.98% | 0.94% | 1.36% | 1.89% | 1.47% | 75% | $261797 |
| 2024 | $5.97 | 0.12 | 0.52 | 0.64 | (0.10) |  | (0.10) | $6.51 | 10.89% | 0.94% | 1.36% | 1.96% | 1.54% | 28% | $263506 |
| 2023 | $5.97 | 0.11 | 0.20 | 0.31 | (0.09) | (0.22) | (0.31) | $5.97 | 5.82% | 0.94% | 1.36% | 1.85% | 1.43% | 25% | $267677 |
| 2022 | $7.37 | 0.09 | (0.77) | (0.68) | (0.09) | (0.63) | (0.72) | $5.97 | (10.26)% | 0.95% | 1.37% | 1.30% | 0.88% | 39% | $280223 |
| 2021 | $6.22 | 0.05 | 1.44 | 1.49 | (0.06) | (0.28) | (0.34) | $7.37 | 24.48% | 0.98% | 1.36% | 0.76% | 0.38% | 48% | $342835 |
| **C Class** | **C Class** | **C Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $6.31 | 0.07 | 0.49 | 0.56 | (0.10) | (0.22) | (0.32) | $6.55 | 9.15% | 1.69% | 2.11% | 1.14% | 0.72% | 75% | $9286 |
| 2024 | $5.79 | 0.07 | 0.51 | 0.58 | (0.06) |  | (0.06) | $6.31 | 10.09% | 1.69% | 2.11% | 1.21% | 0.79% | 28% | $12208 |
| 2023 | $5.81 | 0.06 | 0.21 | 0.27 | (0.07) | (0.22) | (0.29) | $5.79 | 5.12% | 1.69% | 2.11% | 1.10% | 0.68% | 25% | $14930 |
| 2022 | $7.19 | 0.03 | (0.73) | (0.70) | (0.05) | (0.63) | (0.68) | $5.81 | (10.90)% | 1.70% | 2.12% | 0.55% | 0.13% | 39% | $18764 |
| 2021 | $6.10 | —<sup>(3)</sup> | 1.39 | 1.39 | (0.02) | (0.28) | (0.30) | $7.19 | 23.55% | 1.73% | 2.11% | 0.01% | (0.37)% | 48% | $28683 |
| **R Class** | **R Class** | **R Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $6.44 | 0.11 | 0.49 | 0.60 | (0.12) | (0.22) | (0.34) | $6.70 | 9.70% | 1.19% | 1.61% | 1.64% | 1.22% | 75% | $26412 |
| 2024 | $5.91 | 0.10 | 0.52 | 0.62 | (0.09) |  | (0.09) | $6.44 | 10.55% | 1.19% | 1.61% | 1.71% | 1.29% | 28% | $27204 |
| 2023 | $5.91 | 0.09 | 0.21 | 0.30 | (0.08) | (0.22) | (0.30) | $5.91 | 5.65% | 1.19% | 1.61% | 1.60% | 1.18% | 25% | $25907 |
| 2022 | $7.31 | 0.07 | (0.76) | (0.69) | (0.08) | (0.63) | (0.71) | $5.91 | (10.56)% | 1.20% | 1.62% | 1.05% | 0.63% | 39% | $30086 |
| 2021 | $6.17 | 0.03 | 1.43 | 1.46 | (0.04) | (0.28) | (0.32) | $7.31 | 24.23% | 1.23% | 1.61% | 0.51% | 0.13% | 48% | $38353 |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | | | | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | | |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset Value, Beginning<br>of Period** | **Net**<br>**Investment Income**<br>**(Loss)**<sup>(1)</sup> | **Net<br>Realized and Unrealized Gain (Loss)** | **Total From Investment Operations** | **Net<br>Investment Income** | **Net<br>Realized<br>Gains** | **Total Distributions** | **Net <br>Asset Value,<br>End of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating Expenses** | **Operating Expenses<br>(before expense waiver)** | **Net<br>Investment Income<br>(Loss)** | **Net Investment Income (Loss) (before expense waiver)** | **Portfolio Turnover<br>Rate** | **Net <br>Assets,<br>End of Period (in thousands)** |
| **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | **Strategic Allocation: Moderate Fund** | | | | | | | | | | | |
| **R5 Class** | **R5 Class** | **R5 Class** | | | | | | | | | | | | | |
| 2025 | $6.55 | 0.15 | 0.51 | 0.66 | (0.16) | (0.22) | (0.38) | $6.83 | 10.57% | 0.49% | 0.91% | 2.34% | 1.92% | 75% | $9 |
| 2024 | $6.00 | 0.14 | 0.54 | 0.68 | (0.13) |  | (0.13) | $6.55 | 11.50% | 0.49% | 0.91% | 2.41% | 1.99% | 28% | $9 |
| 2023 | $6.00 | 0.14 | 0.20 | 0.34 | (0.12) | (0.22) | (0.34) | $6.00 | 6.27% | 0.49% | 0.91% | 2.30% | 1.88% | 25% | $688 |
| 2022 | $7.41 | 0.09 | (0.75) | (0.66) | (0.12) | (0.63) | (0.75) | $6.00 | (9.92)% | 0.50% | 0.92% | 1.75% | 1.33% | 39% | $470 |
| 2021 | $6.25 | 0.08 | 1.45 | 1.53 | (0.09) | (0.28) | (0.37) | $7.41 | 25.10% | 0.53% | 0.91% | 1.21% | 0.83% | 48% | $7768 |
| **R6 Class** | **R6 Class** | **R6 Class** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $6.53 | 0.16 | 0.50 | 0.66 | (0.17) | (0.22) | (0.39) | $6.80 | 10.61% | 0.34% | 0.76% | 2.49% | 2.07% | 75% | $141748 |
| 2024 | $5.99 | 0.16 | 0.52 | 0.68 | (0.14) |  | (0.14) | $6.53 | 11.52% | 0.34% | 0.76% | 2.56% | 2.14% | 28% | $138125 |
| 2023 | $5.99 | 0.14 | 0.21 | 0.35 | (0.13) | (0.22) | (0.35) | $5.99 | 6.45% | 0.34% | 0.76% | 2.45% | 2.03% | 25% | $132562 |
| 2022 | $7.39 | 0.13 | (0.77) | (0.64) | (0.13) | (0.63) | (0.76) | $5.99 | (9.67)% | 0.35% | 0.77% | 1.90% | 1.48% | 39% | $113859 |
| 2021 | $6.24 | 0.09 | 1.44 | 1.53 | (0.10) | (0.28) | (0.38) | $7.39 | 25.17% | 0.38% | 0.76% | 1.36% | 0.98% | 48% | $134426 |

---

**Notes to Financial Highlights**

(1)Computed using average shares outstanding throughout the period.

(2)Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized.

(3)Per-share amount was less than $0.005.

\*The amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations or precisely reflect the class expense differentials due to the timing of transactions in shares of a fund in relation to income earned and/or fluctuations in the fair value of a fund's investments.

†Ratios for periods less than one year are annualized. Zero balances may reflect amounts less than 0.005%.

See Notes to Financial Statements.

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** |
| **Per-Share Data** | **Per-Share Data** | | | | | | | | | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset<br>Value,<br>Beginning<br>of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net <br>Realized <br>and <br>Unrealized <br>Gain (Loss)** | **Total From<br>Investment<br>Operations** | **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net <br>Asset<br>Value,<br>End<br>of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating<br>Expenses<br>(before<br>expense<br>waiver)** | **Net<br>Investment<br>Income<br>(Loss)** | **Net<br>Investment<br>Income<br>(Loss)<br>(before<br>expense<br>waiver)** | **Portfolio<br>Turnover<br>Rate** | **Net<br>Assets,<br>End of<br>Period<br>(in thousands)** |
| **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | | | | | | | | | | | |
| **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** |
| 2025 | $8.15 | 0.16 | 0.80 | 0.96 | (0.15) | (0.40) | (0.55) | $8.56 | 12.26% | 0.62% | 1.16% | 1.90% | 1.36% | 60% | $249750 |
| 2024 | $7.39 | 0.14 | 0.80 | 0.94 | (0.14) | (0.04) | (0.18) | $8.15 | 12.93% | 0.62% | 1.16% | 1.88% | 1.34% | 29% | $250281 |
| 2023 | $7.20 | 0.13 | 0.42 | 0.55 | (0.11) | (0.25) | (0.36) | $7.39 | 8.35% | 0.63% | 1.17% | 1.85% | 1.31% | 28% | $249998 |
| 2022 | $9.09 | 0.13 | (0.93) | (0.80) | (0.14) | (0.95) | (1.09) | $7.20 | (10.38)% | 0.63% | 1.17% | 1.61% | 1.07% | 36% | $250891 |
| 2021 | $7.45 | 0.08 | 2.09 | 2.17 | (0.06) | (0.47) | (0.53) | $9.09 | 30.04% | 0.67% | 1.16% | 0.95% | 0.46% | 44% | $316039 |
| **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** |
| 2025 | $8.06 | 0.17 | 0.80 | 0.97 | (0.17) | (0.40) | (0.57) | $8.46 | 12.51% | 0.42% | 0.96% | 2.10% | 1.56% | 60% | $31773 |
| 2024 | $7.31 | 0.15 | 0.79 | 0.94 | (0.15) | (0.04) | (0.19) | $8.06 | 13.16% | 0.42% | 0.96% | 2.08% | 1.54% | 29% | $32894 |
| 2023 | $7.13 | 0.14 | 0.42 | 0.56 | (0.13) | (0.25) | (0.38) | $7.31 | 8.51% | 0.43% | 0.97% | 2.05% | 1.51% | 28% | $57065 |
| 2022 | $9.02 | 0.15 | (0.93) | (0.78) | (0.16) | (0.95) | (1.11) | $7.13 | (10.28)% | 0.43% | 0.97% | 1.81% | 1.27% | 36% | $60934 |
| 2021 | $7.40 | 0.10 | 2.07 | 2.17 | (0.08) | (0.47) | (0.55) | $9.02 | 30.42% | 0.47% | 0.96% | 1.15% | 0.66% | 44% | $55466 |
| **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** |
| 2025 | $8.25 | 0.14 | 0.81 | 0.95 | (0.13) | (0.40) | (0.53) | $8.67 | 11.95% | 0.87% | 1.41% | 1.65% | 1.11% | 60% | $154934 |
| 2024 | $7.48 | 0.12 | 0.81 | 0.93 | (0.12) | (0.04) | (0.16) | $8.25 | 12.63% | 0.87% | 1.41% | 1.63% | 1.09% | 29% | $150330 |
| 2023 | $7.28 | 0.11 | 0.44 | 0.55 | (0.10) | (0.25) | (0.35) | $7.48 | 8.12% | 0.88% | 1.42% | 1.60% | 1.06% | 28% | $146576 |
| 2022 | $9.18 | 0.11 | (0.94) | (0.83) | (0.12) | (0.95) | (1.07) | $7.28 | (10.64)% | 0.88% | 1.42% | 1.36% | 0.82% | 36% | $144188 |
| 2021 | $7.52 | 0.06 | 2.11 | 2.17 | (0.04) | (0.47) | (0.51) | $9.18 | 29.69% | 0.92% | 1.41% | 0.70% | 0.21% | 44% | $177147 |
| **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** |
| 2025 | $7.91 | 0.07 | 0.79 | 0.86 | (0.07) | (0.40) | (0.47) | $8.30 | 11.20% | 1.62% | 2.16% | 0.90% | 0.36% | 60% | $13074 |
| 2024 | $7.18 | 0.06 | 0.77 | 0.83 | (0.06) | (0.04) | (0.10) | $7.91 | 11.73% | 1.62% | 2.16% | 0.88% | 0.34% | 29% | $13504 |
| 2023 | $7.00 | 0.06 | 0.41 | 0.47 | (0.04) | (0.25) | (0.29) | $7.18 | 7.29% | 1.63% | 2.17% | 0.85% | 0.31% | 28% | $14782 |
| 2022 | $8.86 | 0.05 | (0.91) | (0.86) | (0.05) | (0.95) | (1.00) | $7.00 | (11.30)% | 1.63% | 2.17% | 0.61% | 0.07% | 36% | $16652 |
| 2021 | $7.29 | (0.01) | 2.05 | 2.04 |  | (0.47) | (0.47) | $8.86 | 28.76% | 1.67% | 2.16% | (0.05)% | (0.54)% | 44% | $23338 |
| **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** |
| 2025 | $8.23 | 0.12 | 0.81 | 0.93 | (0.11) | (0.40) | (0.51) | $8.65 | 11.69% | 1.12% | 1.66% | 1.40% | 0.86% | 60% | $14660 |
| 2024 | $7.46 | 0.11 | 0.80 | 0.91 | (0.10) | (0.04) | (0.14) | $8.23 | 12.38% | 1.12% | 1.66% | 1.38% | 0.84% | 29% | $14413 |
| 2023 | $7.27 | 0.09 | 0.43 | 0.52 | (0.08) | (0.25) | (0.33) | $7.46 | 7.71% | 1.13% | 1.67% | 1.35% | 0.81% | 28% | $14296 |
| 2022 | $9.17 | 0.09 | (0.95) | (0.86) | (0.09) | (0.95) | (1.04) | $7.27 | (10.88)% | 1.13% | 1.67% | 1.11% | 0.57% | 36% | $15518 |
| 2021 | $7.51 | 0.04 | 2.11 | 2.15 | (0.02) | (0.47) | (0.49) | $9.17 | 29.58% | 1.17% | 1.66% | 0.45% | (0.04)% | 44% | $18729 |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended July 31 (except as noted)** |
| **Per-Share Data** | **Per-Share Data** | | | | | | | | | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset<br>Value,<br>Beginning<br>of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net <br>Realized <br>and <br>Unrealized <br>Gain (Loss)** | **Total From<br>Investment<br>Operations** | **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net <br>Asset<br>Value,<br>End<br>of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating<br>Expenses<br>(before<br>expense<br>waiver)** | **Net<br>Investment<br>Income<br>(Loss)** | **Net<br>Investment<br>Income<br>(Loss)<br>(before<br>expense<br>waiver)** | **Portfolio<br>Turnover<br>Rate** | **Net<br>Assets,<br>End of<br>Period<br>(in thousands)** |
| **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | **Strategic Allocation: Aggressive Fund** | | | | | | | | | | | |
| **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** |
| 2025 | $8.07 | 0.17 | 0.80 | 0.97 | (0.17) | (0.40) | (0.57) | $8.47 | 12.49% | 0.42% | 0.96% | 2.10% | 1.56% | 60% | $15 |
| 2024 | $7.32 | 0.15 | 0.79 | 0.94 | (0.15) | (0.04) | (0.19) | $8.07 | 13.14% | 0.42% | 0.96% | 2.08% | 1.54% | 29% | $13 |
| 2023 | $7.13 | 0.15 | 0.42 | 0.57 | (0.13) | (0.25) | (0.38) | $7.32 | 8.66% | 0.43% | 0.97% | 2.05% | 1.51% | 28% | $22 |
| 2022 | $9.02 | 0.15 | (0.93) | (0.78) | (0.16) | (0.95) | (1.11) | $7.13 | (10.28)% | 0.43% | 0.97% | 1.81% | 1.27% | 36% | $16 |
| 2021 | $7.40 | 0.10 | 2.07 | 2.17 | (0.08) | (0.47) | (0.55) | $9.02 | 30.24% | 0.47% | 0.96% | 1.15% | 0.66% | 44% | $15 |
| **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** |
| 2025 | $8.03 | 0.18 | 0.79 | 0.97 | (0.18) | (0.40) | (0.58) | $8.42 | 12.60% | 0.27% | 0.81% | 2.25% | 1.71% | 60% | $230581 |
| 2024 | $7.29 | 0.17 | 0.77 | 0.94 | (0.16) | (0.04) | (0.20) | $8.03 | 13.23% | 0.27% | 0.81% | 2.23% | 1.69% | 29% | $201078 |
| 2023 | $7.11 | 0.15 | 0.42 | 0.57 | (0.14) | (0.25) | (0.39) | $7.29 | 8.71% | 0.28% | 0.82% | 2.20% | 1.66% | 28% | $183818 |
| 2022 | $8.99 | 0.16 | (0.92) | (0.76) | (0.17) | (0.95) | (1.12) | $7.11 | (10.05)% | 0.28% | 0.82% | 1.96% | 1.42% | 36% | $162186 |
| 2021 | $7.38 | 0.11 | 2.06 | 2.17 | (0.09) | (0.47) | (0.56) | $8.99 | 30.57% | 0.32% | 0.81% | 1.30% | 0.81% | 44% | $268579 |

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**Notes to Financial Highlights**

(1)Computed using average shares outstanding throughout the period.

(2)Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized.

\*The amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations or precisely reflect the class expense differentials due to the timing of transactions in shares of a fund in relation to income earned and/or fluctuations in the fair value of a fund's investments.

†Ratios for periods less than one year are annualized. Zero balances may reflect amounts less than 0.005%.

See Notes to Financial Statements.

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Report of Independent Registered Public Accounting Firm

To the shareholders and the Board of Directors of American Century Strategic Asset Allocations, Inc.:

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Strategic Allocation: Aggressive Fund, Strategic Allocation: Conservative Fund, and Strategic Allocation: Moderate Fund (the "Funds"), each a series of American Century Strategic Asset Allocations, Inc., as of July 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of July 31, 2025, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion** 

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of July 31, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Kansas City, Missouri

September 16, 2025

We have served as the auditor of one or more American Century investment companies since 1997.

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Approval of Management Agreement

At a meeting held on June 25, 2025, the Funds' Board of Directors (the "Board") unanimously approved the renewal of the management agreement pursuant to which American Century Investment Management, Inc. (the "Advisor") acts as the investment advisor for each Fund. Under the Investment Company Act of 1940 (the "Investment Company Act"), contracts for investment advisory services are required to be reviewed, evaluated, and approved by a majority of a fund's Directors, including a majority of the independent Directors.

Prior to its consideration of the renewal of the Funds' management agreement, the Directors requested and reviewed data and information compiled by the Advisor and certain independent consultants and data providers concerning each Fund. This review was in addition to the oversight and evaluation undertaken by the Board and its committees on a continual basis and the information received was supplemental to the information that the Board and its committees receive and consider over time.

In connection with its consideration of the renewal of the management agreement, the Board's review and evaluation of the services provided by the Advisor and its affiliates included, but was not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the nature, extent, and quality of investment management, shareholder services, distribution services, and other services provided to each Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the wide range of programs and services the Advisor and other service providers provide to each Fund and its shareholders on a routine and non-routine basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• each Fund's investment performance compared to appropriate benchmarks and/or peer groups of other mutual funds with similar investment objectives and strategies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of owning each Fund compared to the cost of owning similarly-managed funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Advisor's compliance policies, procedures, and regulatory experience and those of certain other service providers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Advisor's strategic plans, generally, and with respect to the Advisor's response to investment management industry challenges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Advisor's business continuity plans, vendor management practices, and information security practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of services provided to each Fund, the profitability of each Fund to the Advisor, and the Advisor's financial results of operation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• possible economies of scale associated with the Advisor's management of each Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any collateral benefits derived by the Advisor from the management of each Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fees and expenses associated with any investment by each Fund in other funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• payments to intermediaries by each Fund and the Advisor and services provided by intermediaries in connection therewith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• services provided and charges to the Advisor's other investment management clients.

The Board held two meetings to consider the renewal. The independent Directors also met in private session multiple times to review and discuss the information provided in response to their request. The independent Directors held active discussions with the Advisor regarding the renewal of the management agreement, requesting supplemental information, and reviewing information provided by the Advisor in response thereto. The independent Directors had the benefit of the advice of their independent counsel throughout the process.

**Factors Considered** 

The Directors considered all of the information provided by the Advisor, the independent consultant and data providers, and the independent Directors' independent counsel in connection with the approval. They determined that the information was sufficient for them to evaluate the management agreement for the Funds. In connection with their review, the Directors did not identify any single factor as being all-important or controlling, and each Director may have attributed different levels of importance to different factors. In deciding to renew the management agreement, the Board based its decision on a number of factors, including without limitation the following:

**Nature, Extent and Quality of Services — Generally.** Under the Funds' management agreement, the Advisor is responsible for providing or arranging for all services necessary for the operation of each Fund. The Board noted that the Advisor provides or arranges at its own expense a wide variety of services which include, without limitation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• constructing and designing each Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• portfolio research and security selection

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• initial capitalization/funding

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• securities trading

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fund administration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• custody of Fund assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• daily valuation of each Fund's portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• liquidity monitoring and management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risk management, including information security

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• shareholder servicing and transfer agency, including shareholder confirmations, recordkeeping, and communications

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• legal services (except the independent Directors' counsel)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• regulatory and portfolio compliance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• financial reporting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• marketing and distribution (except amounts paid by each Fund under Rule 12b-1 plans)

The Board noted that many of these services have expanded over time in terms of both quantity and complexity in response to shareholder demands, competition in the industry, changing distribution channels, and the changing regulatory environment.

**Investment Management Services.** The nature of the investment management services provided to each Fund is quite complex and allows Fund shareholders access to professional money management, instant diversification of their investments, the opportunity to easily diversify among asset classes by investing in or exchanging among various American Century Investments funds, and liquidity. In evaluating investment performance, the Board expects the Advisor to manage each Fund in accordance with its investment objectives and principal investment strategies. Further, the Directors recognize that the Advisor has an obligation to monitor trading activities, and in particular to seek the best execution of fund trades, and to evaluate the use of and payment for research. In providing these services, the Advisor utilizes teams of investment professionals who require extensive information technology, research, training, compliance, and other systems to conduct their business. The Board, directly and through its Fund Performance Review Committee, provides oversight of the investment performance process. It regularly reviews investment performance information for each Fund, together with comparative information for appropriate benchmarks and/or peer groups of similarly-managed funds, over different time horizons. The Directors also review investment performance information from both the Advisor and an independent third party during the management agreement renewal process. If performance concerns are identified, the Board discusses with the Advisor the reasons for such results and any actions being taken to improve performance and may conduct special reviews until performance improves. The Board found the investment management services provided by the Advisor to each Fund to be satisfactory and consistent with the management agreement.

**Shareholder and Other Services.** Under the management agreement, the Advisor provides each Fund with a comprehensive package of transfer agency, shareholder, and other services. The Board, directly and through its various committees, regularly reviews reports and evaluations of such services at its regular meetings. These reports include, but are not limited to, information regarding the operational efficiency and accuracy of the shareholder and transfer agency services provided, staffing levels, shareholder satisfaction, technology support (including information security), new products and services offered to Fund shareholders, securities trading activities, portfolio valuation services, auditing services, and legal and operational compliance activities. The Board found the services provided by the Advisor to each Fund under the management agreement to be competitive and of high quality.

**Costs of Services and Profitability.** The Advisor provides detailed information concerning its cost of providing various services to the Funds, its profitability in managing each Fund (pre- and post-distribution), and its financial results of operation. The Directors have reviewed with the Advisor the methodology used to prepare this financial information and arranged for an independent consultant to confirm the reasonableness of the allocation methodology used. This information is considered in evaluating the Advisor's financial condition, its ability to continue to provide services under the management agreement, and the reasonableness of the terms of the current management agreement. The Board concluded that the Advisor's profits were reasonable in light of the services provided to the Funds.

**Ethics.** The Board generally considers the Advisor's commitment to providing quality services to shareholders and to conducting its business ethically. They noted that the Advisor's practices generally meet or exceed industry best practices.

**Economies of Scale.** The Board also reviewed information provided by the Advisor regarding the possible existence of economies of scale in connection with the management of each Fund. The Board concluded that economies of scale are difficult to measure and predict with precision, especially on a fund-by-fund basis. The Board concluded that the Advisor is sharing economies of scale, to the extent they exist, through its fee structure, and through reinvestment in its business, infrastructure, investment capabilities and initiatives to provide shareholders enhanced and expanded content and services.

**Comparison to Other Funds' Fees.** The management agreement provides that each Fund pays the Advisor a single, all-inclusive (or unified) management fee for providing all services necessary for the management and operation of each Fund, other than brokerage and other transaction fees and expenses relating to acquisition and disposition of portfolio securities, acquired fund fees and expenses, taxes, interest, extraordinary expenses, fund litigation expenses, fees and expenses of the Funds' independent Directors (including their independent legal counsel), and expenses incurred in connection with the provision of shareholder services and distribution services under a plan adopted pursuant to Investment Company Act Rule 12b-1. Under the unified fee structure, the Advisor is responsible for providing all investment advisory, custody, audit, administrative, compliance, recordkeeping, marketing and shareholder services, or arranging and supervising third parties to provide such services. By contrast, most other funds are charged a variety of fees, including an investment advisory fee, a transfer agency fee, an administrative fee, distribution charges, and other expenses. Other than their investment advisory fees and any applicable Rule 12b-1 distribution fees, all other components of the total fees charged by these other funds may be increased without shareholder approval. The Board believes the unified fee structure is a benefit to Fund shareholders because it clearly discloses to shareholders the cost of owning Fund shares, and, since the unified fee cannot be increased without a vote of Fund shareholders, it shifts to the Advisor the risk of increased costs of operating the Funds and provides a direct incentive to minimize administrative inefficiencies. Part of the Board's analysis of fee levels involves reviewing certain evaluative data compiled by an independent provider comparing each Fund's unified fee to the total expense ratios of its peers. The

------

Board concluded that the management fee paid by each Fund to the Advisor under the management agreement is reasonable in light of the services provided to the Fund.

**Comparison to Fees and Services Provided to Other Clients of the Advisor.** The Board also requested and received information from the Advisor concerning the nature of the services, fees, costs, and profitability of its advisory services to advisory clients other than the Funds. They observed that these varying types of client accounts require different services and involve different regulatory and entrepreneurial risks than the management of each Fund. The Board analyzed this information and concluded that the fees charged and services provided to each Fund were reasonable by comparison.

**Payments to Intermediaries.** The Directors also requested and received a description of payments made to intermediaries by each Fund and the Advisor and services provided in response thereto. These payments include various payments made by each Fund or the Advisor to different types of intermediaries and recordkeepers for distribution and service activities provided for each Fund. The Directors reviewed such information and received representations from the Advisor that all such payments by each Fund were made pursuant to the Fund's Rule 12b-1 Plan and that all such payments by the Advisor were made from the Advisor's resources and reasonable profits.

**Collateral or "Fall-Out" Benefits Derived by the Advisor.** The Board considered the possible existence of collateral benefits the Advisor may receive as a result of its relationship with the Funds. They concluded that the Advisor's primary business is managing funds and it generally does not use fund or shareholder information to generate profits in other lines of business, and therefore does not derive any significant collateral benefits from them. To the extent there are potential collateral benefits, the Board has been advised and has taken this into consideration in its review of the management contract with the Funds. The Board noted that additional assets from other clients may offer the Advisor some benefit from increased leverage with prospective clients, service providers, and counterparties. Additionally, the Advisor may receive proprietary research from broker-dealers that execute fund portfolio transactions, which the Board concluded is likely to benefit other clients of the Advisor, as well as Fund shareholders. The Board also determined that the Advisor is able to provide investment management services to certain clients other than the Funds, at least in part, due to its existing infrastructure built to serve the fund complex. The Board concluded that appropriate allocation methodologies had been employed to assign resources and the cost of those resources to these other clients. Where applicable, assets of other client accounts are included with the assets of certain Funds to determine breakpoints in each such Fund's management fee schedule.

**Existing Relationship.** The Board also considered whether there was any reason for not continuing the existing arrangement with the Advisor. In this regard, the Board was mindful of the potential disruptions of each Fund's operations and various risks, uncertainties, and other effects that could occur as a result of a decision not to continue such relationship. In particular, the Board recognized that most shareholders have invested in each Fund on the strength of the Advisor's industry standing and reputation and in the expectation that the Advisor will have a continuing role in providing advisory services to each Fund.

Set forth below are certain of the Fund-specific factors that the Board considered in addition to the other factors described herein:

**Strategic Allocation: Conservative Fund** - The Fund's performance was above its benchmark for the five- and ten-year periods and below its benchmark for the one- and three-year periods reviewed by the Board. In relation to industry peers, the Fund was below the median of its peer performance universe as identified by a third-party service provider for the one-, three-, five-, and ten-year periods. The unified fee charged to shareholders of the Fund was below the median of the total expense ratios of the Fund's peer expense universe. In addition, the Board reviewed the Fund's position relative to the narrower set of its expense group peers. The Board and the Advisor agreed to continue the temporary reduction of the Fund's annual unified management fee such that the Investor Class management fee not exceed 0.83% for at least one year beginning August 1, 2025. The Board also noted that economies of scale are shared with the Fund and its shareholders through management fee breakpoints that serve to reduce the effective management fee as the assets of the Fund grow.

**Strategic Allocation: Moderate Fund** - The Fund's performance was above its benchmark for the one-, three-, five-, and ten-year periods reviewed by the Board. In relation to industry peers, the Fund was above the median of its peer performance universe as identified by a third-party service provider for the one-, three-, five-, and ten-year periods. The unified fee charged to shareholders of the Fund was below the median of the total expense ratios of the Fund's peer expense universe. In addition, the Board reviewed the Fund's position relative to the narrower set of its expense group peers. The Board and the Advisor agreed to continue the temporary reduction of the Fund's annual unified management fee such that the Investor Class management fee not exceed 0.83% for at least one year beginning August 1, 2025. The Board also noted that economies of scale are shared with the Fund and its shareholders through management fee breakpoints that serve to reduce the effective management fee as the assets of the Fund grow.

**Strategic Allocation: Aggressive Fund** - The Fund's performance was above its benchmark for the one-, three-, five-, and ten-year periods reviewed by the Board. In relation to industry peers, the Fund was above the median of its peer performance universe as identified by a third-party service provider for the one-, three-, five-, and ten-year periods. The unified fee charged to shareholders of the Fund was below the median of the total expense ratios of the Fund's peer expense universe. In addition, the Board reviewed the Fund's position relative to the narrower set of its expense group peers. The Board and the Advisor agreed to continue the temporary reduction of the Fund's annual unified management fee such that the Investor Class management fee not exceed 0.79% for at least one year beginning August 1, 2025. The Board also noted that

------

economies of scale are shared with the Fund and its shareholders through management fee breakpoints that serve to reduce the effective management fee as the assets of the Fund grow.

**Conclusion of the Directors.** As a result of this process, the Board, including all of the independent Directors, taking into account all of the factors discussed above and the information provided by the Advisor and others in connection with its review and received over time, determined that the terms of the management agreement are fair and reasonable and that the management fees charged to each Fund are reasonable in light of the services provided and that the management agreement between the Funds and the Advisor should be renewed for an additional one-year period.

------

**Other Tax Information**

The following information is provided pursuant to provisions of the Internal Revenue Code (IRC).

The funds hereby designate up to the maximum amount allowable as qualified dividend income for the fiscal year ended July 31, 2025.

The funds hereby designate the following, or up to the maximum amount allowable, for the fiscal year ended July 31, 2025.

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| | | | |
|:---|:---|:---|:---|
| | **Corporate Dividends Received Deduction** | **Qualified Short-Term Capital Gain Distributions <br>(IRC Section 871)** | **Long-Term Capital Gain Distributions <br>(20% Rate)** |
| Strategic Allocation: Conservative Fund | $1732312 | $2212117 | $10605152 |
| Strategic Allocation: Moderate Fund | $5606621 | $2835789 | $23107755 |
| Strategic Allocation: Aggressive Fund | $3940509 | $2802255 | $29647349 |

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For the fiscal year ended July 31, 2025, the funds intend to pass through to shareholders the following foreign source income and foreign taxes paid, or up to the maximum amount allowable, as a foreign tax credit.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Foreign Tax Credit** | **Foreign Tax Credit** | **Foreign Source Income** | **Foreign Source Income** |
| | **Amount** | **Per Outstanding Share** | **Amount** | **Per Outstanding Share** |
| Strategic Allocation: Conservative Fund |  |  |  |  |
| Strategic Allocation: Moderate Fund |  |  |  |  |
| Strategic Allocation: Aggressive Fund | $151633 | $0.0019 | $3007259 | $0.0369 |

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The funds utilized the following earnings and profits distributed to shareholders on redemptions of shares as part of the dividends paid deduction (tax equalization).

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| | |
|:---|:---|
| | **Dividends Paid Deduction (Tax Equalization)** |
| Strategic Allocation: Conservative Fund | $358105 |
| Strategic Allocation: Moderate Fund | $1581725 |
| Strategic Allocation: Aggressive Fund | $1574349 |

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| | |
|:---|:---|
| Contact Us | americancentury.com |
| Automated Information Line | 1-800-345-8765 |
| Investor Services Representative | 1-800-345-2021<br>or 816-531-5575 |
| Banks and Trust Companies, Broker-Dealers, Financial Professionals, Insurance Companies | 1-800-345-6488 |
| *This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus.* | *This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus.* |
| **©2025 American Century Proprietary Holdings, Inc. All rights reserved.<br>CL-ANN-91037 2509** | **©2025 American Century Proprietary Holdings, Inc. All rights reserved.<br>CL-ANN-91037 2509** |

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(b) The information required by Item 13 of Form N-1A is included as part of the financial statements filed under Item 7(a) of this Form.

**ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

None.

**ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

None.

**ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

The remuneration paid to directors, officers and others is included as part of the financial statements and other information filed under Item 7 of this Form.

**ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.**

A statement regarding the basis for the board of directors' approval of the investment advisory contract is included as part of the financial statements and other information filed under Item 7 of this Form.<br>

**ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable.

**ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable.

**ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.**

Not applicable.

**ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.**

During the reporting period, there were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board.

**ITEM 16. CONTROLS AND PROCEDURES.**

------

(a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

**ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable.

**ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.**

(a) Not applicable.

(b) Not applicable.

**ITEM 19. EXHIBITS.** 

(a)(1) <u>[Registrant's Code of Ethics](https://www.sec.gov/Archives/edgar/data/1293210/000129321005000017/ex-coe.htm)</u> for Senior Financial Officers, which is the subject of the disclosure required by Item 2 of Form N-CSR, was filed as Exhibit 12(a)(1) to American Century Asset Allocation Portfolios, Inc.'s Certified Shareholder Report on Form N-CSR, File No. 811-21591, on September 29, 2005.

(a)(2) Not applicable.

(a)(3) <u>[Separate certifications by the registrant's principal executive officer and principal financial office](acsaan-csrexx99cert.htm)</u>r, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are filed and attached hereto as EX-99.CERT.

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) <u>[A certification by the registrant's chief executive officer and chief financial officer,](acsaan-csrexx99906cert.htm)</u> pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, is furnished and attached hereto as EX-99.906CERT.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Registrant: | American Century Strategic Asset Allocations, Inc. | American Century Strategic Asset Allocations, Inc. |
| By: | /s/ Patrick Bannigan | /s/ Patrick Bannigan |
|  | Name: | Patrick Bannigan |
|  | Title: | President |
| Date: | September 26, 2025 | September 26, 2025 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| By: | /s/ Patrick Bannigan | /s/ Patrick Bannigan |
|  | Name: | Patrick Bannigan |
|  | Title: | President |
|  |  | (principal executive officer) |
| Date: | September 26, 2025 | September 26, 2025 |

---

---

| | | |
|:---|:---|:---|
| By: | /s/ R. Wes Campbell | /s/ R. Wes Campbell |
|  | Name: | R. Wes Campbell |
|  | Title: | Treasurer and |
|  |  | Chief Financial Officer |
|  |  | (principal financial officer) |
| Date: | September 26, 2025 | September 26, 2025 |

---

## Ex-99

EX-99.CERT

CERTIFICATIONS

I, Patrick Bannigan, certify that:

1. I have reviewed this report on Form N-CSR of American Century Strategic Asset Allocations, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: | September 26, 2025 |
| /s/ Patrick Bannigan | /s/ Patrick Bannigan |
| Patrick Bannigan | Patrick Bannigan |
| President | President |
| (principal executive officer) | (principal executive officer) |

---

------

I, R. Wes Campbell, certify that:

1. I have reviewed this report on Form N-CSR of American Century Strategic Asset Allocations, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: | September 26, 2025 |
| /s/ R. Wes Campbell | /s/ R. Wes Campbell |
| R. Wes Campbell | R. Wes Campbell |
| Treasurer and Chief Financial Officer | Treasurer and Chief Financial Officer |
| (principal financial officer) | (principal financial officer) |

---

## Exhibit 99.906

EX-99.906CERT

**CERTIFICATION** 

**<u>PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</u>**

&nbsp;&nbsp;&nbsp;&nbsp;

In connection with the shareholder report of American Century Strategic Asset Allocations, Inc. (the "Registrant") on Form N-CSR for the period ending July 31, 2025 (the "Report"), we, the undersigned, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| | | | |
|:---|:---|:---|:---|
| Date: | September 26, 2025 |  |  |
|  |  | By: | /s/ Patrick Bannigan |
|  |  |  | Patrick Bannigan |
|  |  |  | President |
|  |  |  | (chief executive officer) |
|  |  | By: | /s/ R. Wes Campbell |
|  |  |  | R. Wes Campbell |
|  |  |  | Treasurer and Chief Financial Officer |
|  |  |  | (chief financial officer) |

---

<br>