NPORT-EX 2 acmj_ntgrowth.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
NT Growth Fund
January 31, 2022



NT Growth - Schedule of Investments
JANUARY 31, 2022 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 96.5%


Air Freight and Logistics — 1.8%
United Parcel Service, Inc., Class B139,806 28,270,171 
Auto Components — 1.4%
Aptiv plc(1)
161,764 22,093,727 
Automobiles — 3.3%
Rivian Automotive, Inc., Class A(1)
51,960 3,415,851 
Tesla, Inc.(1)
51,463 48,206,421 
51,622,272 
Beverages — 1.8%
PepsiCo, Inc.158,994 27,588,639 
Biotechnology — 1.4%
Amgen, Inc.43,804 9,949,641 
CRISPR Therapeutics AG(1)
40,951 2,610,626 
Vertex Pharmaceuticals, Inc.(1)
37,418 9,094,445 
21,654,712 
Building Products — 0.9%
Masco Corp.123,243 7,804,979 
Trex Co., Inc.(1)
63,403 5,799,473 
13,604,452 
Capital Markets — 1.5%
S&P Global, Inc.54,786 22,748,243 
Chemicals — 0.8%
Air Products and Chemicals, Inc.42,366 11,952,296 
Electrical Equipment — 2.1%
Ballard Power Systems, Inc.(1)(2)
74,258 772,283 
Generac Holdings, Inc.(1)
41,593 11,745,032 
Rockwell Automation, Inc.67,041 19,389,598 
31,906,913 
Electronic Equipment, Instruments and Components — 2.0%
CDW Corp.51,906 9,812,829 
Cognex Corp.134,070 8,910,292 
Keysight Technologies, Inc.(1)
74,401 12,560,377 
31,283,498 
Entertainment — 1.9%
Liberty Media Corp.-Liberty Formula One, Class C(1)
109,785 6,612,351 
Take-Two Interactive Software, Inc.(1)
42,718 6,977,558 
Walt Disney Co. (The)(1)
110,266 15,764,730 
29,354,639 
Equity Real Estate Investment Trusts (REITs) — 0.9%
SBA Communications Corp.43,562 14,176,817 
Food Products — 0.9%
Mondelez International, Inc., Class A170,844 11,451,673 
Vital Farms, Inc.(1)
111,836 1,848,649 
13,300,322 
Health Care Equipment and Supplies — 2.5%
DexCom, Inc.(1)
21,395 9,210,119 
Edwards Lifesciences Corp.(1)
76,559 8,360,243 
IDEXX Laboratories, Inc.(1)
16,413 8,326,315 
Intuitive Surgical, Inc.(1)
43,937 12,486,017 
38,382,694 



Health Care Providers and Services — 1.7%
Guardant Health, Inc.(1)
21,377 1,486,770 
UnitedHealth Group, Inc.53,056 25,072,674 
26,559,444 
Hotels, Restaurants and Leisure — 1.6%
Airbnb, Inc., Class A(1)
24,483 3,769,648 
Chipotle Mexican Grill, Inc.(1)
5,689 8,451,465 
Dutch Bros, Inc., Class A(1)(2)
55,403 2,889,266 
Expedia Group, Inc.(1)
53,936 9,885,929 
24,996,308 
Household Products — 1.0%
Procter & Gamble Co. (The)99,579 15,977,451 
Insurance — 0.1%
SelectQuote, Inc.(1)
274,626 2,029,486 
Interactive Media and Services — 10.6%
Alphabet, Inc., Class A(1)
44,977 121,710,911 
Meta Platforms, Inc., Class A(1)
103,163 32,316,841 
Snap, Inc., Class A(1)
149,522 4,865,446 
Twitter, Inc.(1)
119,806 4,493,923 
163,387,121 
Internet and Direct Marketing Retail — 7.1%
Amazon.com, Inc.(1)
34,545 103,340,331 
Chewy, Inc., Class A(1)(2)
115,373 5,492,909 
108,833,240 
IT Services — 7.9%
Okta, Inc.(1)
31,406 6,214,933 
PayPal Holdings, Inc.(1)
184,223 31,675,303 
Shopify, Inc., Class A(1)
4,021 3,877,209 
Twilio, Inc., Class A(1)
20,707 4,268,127 
Visa, Inc., Class A337,850 76,411,534 
122,447,106 
Life Sciences Tools and Services — 1.3%
Agilent Technologies, Inc.96,232 13,407,042 
Repligen Corp.(1)
31,243 6,196,737 
19,603,779 
Personal Products — 0.6%
Estee Lauder Cos., Inc. (The), Class A30,317 9,452,537 
Pharmaceuticals — 1.5%
Novo Nordisk A/S, B Shares70,637 7,026,139 
Zoetis, Inc.81,974 16,377,585 
23,403,724 
Road and Rail — 1.2%
Lyft, Inc., Class A(1)
169,047 6,511,690 
Union Pacific Corp.46,642 11,406,301 
17,917,991 
Semiconductors and Semiconductor Equipment — 7.7%
Advanced Micro Devices, Inc.(1)
196,765 22,480,401 
Analog Devices, Inc.127,600 20,922,572 
ASML Holding NV32,611 22,087,250 
NVIDIA Corp.219,447 53,733,793 
119,224,016 
Software — 17.2%
Datadog, Inc., Class A(1)
62,840 9,181,552 
DocuSign, Inc.(1)
36,040 4,532,751 
Microsoft Corp.645,867 200,851,720 



PagerDuty, Inc.(1)
169,449 5,595,206 
Paycor HCM, Inc.(1)(2)
54,169 1,405,144 
salesforce.com, Inc.(1)
40,632 9,452,222 
Splunk, Inc.(1)
61,251 7,590,224 
UiPath, Inc., Class A(1)
105,405 3,850,444 
Workday, Inc., Class A(1)
42,620 10,783,286 
Zendesk, Inc.(1)
120,688 11,888,975 
265,131,524 
Specialty Retail — 2.3%
Home Depot, Inc. (The)96,226 35,313,017 
Technology Hardware, Storage and Peripherals — 9.9%
Apple, Inc.874,388 152,825,535 
Textiles, Apparel and Luxury Goods — 1.6%
NIKE, Inc., Class B168,214 24,907,447 
TOTAL COMMON STOCKS
(Cost $752,884,243)
1,489,949,121 
SHORT-TERM INVESTMENTS — 3.9%


Discount Notes — 0.6%
Federal Farm Credit Discount Notes, 0.00%, 2/1/22(3)
10,000,000 10,000,000 
Money Market Funds — 0.7%
State Street Institutional U.S. Government Money Market Fund, Premier Class177,344 177,344 
State Street Navigator Securities Lending Government Money Market Portfolio(4)
10,152,323 10,152,323 
10,329,667 
Repurchase Agreements — 2.6%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.25% - 6.00%, 4/30/24 - 2/15/49, valued at $9,451,938) in a joint trading account at 0.02%, dated 1/31/22, due 2/1/22 (Delivery value $9,287,704)9,287,699 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 2.25%, 5/15/41, valued at $31,581,285) at 0.02%, dated 1/31/22, due 2/1/22 (Delivery value $30,962,017)30,962,000 
40,249,699 
TOTAL SHORT-TERM INVESTMENTS
(Cost $60,579,366)
60,579,366 
TOTAL INVESTMENT SECURITIES — 100.4%
(Cost $813,463,609)

1,550,528,487 
OTHER ASSETS AND LIABILITIES — (0.4)%

(6,170,678)
TOTAL NET ASSETS — 100.0%

$1,544,357,809 

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency PurchasedCurrency SoldCounterpartySettlement Date
Unrealized Appreciation
(Depreciation)
EUR432,422 USD488,229 Credit Suisse AG3/31/22$(1,783)
EUR717,931 USD815,418 Credit Suisse AG3/31/22(7,793)
EUR1,003,440 USD1,141,458 Credit Suisse AG3/31/22(12,653)
EUR571,019 USD652,619 Credit Suisse AG3/31/22(10,261)
EUR1,142,037 USD1,291,933 Credit Suisse AG3/31/22(7,216)
EUR443,510 USD502,621 Goldman Sachs & Co.3/31/22(3,702)
EUR632,001 USD719,047 UBS AG3/31/22(8,087)
EUR523,896 USD588,473 UBS AG3/31/22875 
USD21,212,014 EUR18,732,737 Credit Suisse AG3/31/22138,918 
USD748,566 EUR659,721 Credit Suisse AG3/31/226,424 
USD763,489 EUR665,264 Credit Suisse AG3/31/2215,111 
USD522,725 EUR457,369 UBS AG3/31/228,215 
USD729,498 EUR643,089 UBS AG3/31/226,065 
$124,113 




FUTURES CONTRACTS PURCHASED
Reference EntityContractsExpiration
Date
Notional
Amount
Unrealized
Appreciation
(Depreciation)^
NASDAQ 100 E-Mini
167 March 2022$49,782,700 $438,657 
^Amount represents value and unrealized appreciation (depreciation).

NOTES TO SCHEDULE OF INVESTMENTS
EUR-Euro
USD-United States Dollar
(1)Non-income producing.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $10,354,004. 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.
(3)The rate indicated is the yield to maturity at purchase.
(4)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $10,540,295, which includes securities collateral of $387,972.



SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS

1. Investment Valuations

The 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 Board of Directors has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.

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. Equity securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.

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. U.S. Treasury and Government Agency securities 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. Repurchase agreements are valued at cost, which approximates fair value. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. 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 fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Directors or its delegate, in accordance with policies and procedures adopted by the Board of Directors. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.

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

2. Fair Value Measurements

The fund’s investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the 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 following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund’s portfolio holdings.
Level 1 ($)Level 2 ($)Level 3 ($)
Assets
Investment Securities
Common Stocks1,460,835,732 29,113,389 — 
Short-Term Investments10,329,667 50,249,699 — 
1,471,165,399 79,363,088 — 
Other Financial Instruments
Forward Foreign Currency Exchange Contracts— 175,608 — 
Futures Contracts438,657 — — 
438,657 175,608 — 
Liabilities
Other Financial Instruments
Forward Foreign Currency Exchange Contracts— 51,495 — 
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.