American Century Investments’ Small Cap Value Fund returned 15.58% for Investor shares in the second quarter of 2026, trailing the Russell 2000 Value Index’s 17.19% gain. Underweight exposure to information technology and an overweight energy position detracted from relative performance, while communication-services stock selection contributed. The fund initiated a position in Vontier Corporation, citing resilient earnings, positive core sales growth, reaffirmed 2026 guidance and share repurchases. It also exited The Timken Company after taking profits, despite strong quarterly results, because it viewed the industrial bearings supplier as exposed to a peak in demand and slowing industrial momentum. Timken closed at $117.26 on September 29, 2026, giving it an $8.13 billion market capitalization; 50 hedge fund portfolios held the shares at the end of the second quarter, up from 44 in the prior quarter.