NPORT-EX 2 acme_sustainableequity.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
Sustainable Equity Fund
January 31, 2022



Sustainable Equity - Schedule of Investments
JANUARY 31, 2022 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 98.0%


Aerospace and Defense — 0.9%
Lockheed Martin Corp.87,089 33,888,943 
Air Freight and Logistics — 1.0%
United Parcel Service, Inc., Class B171,136 34,605,411 
Auto Components — 0.9%
Aptiv plc(1)
240,779 32,885,596 
Automobiles — 2.0%
Rivian Automotive, Inc., Class A(1)
112,053 7,366,364 
Tesla, Inc.(1)
71,658 67,123,482 
74,489,846 
Banks — 4.5%
Bank of America Corp.1,250,483 57,697,286 
JPMorgan Chase & Co.409,890 60,909,654 
Regions Financial Corp.2,026,117 46,479,124 
165,086,064 
Beverages — 1.5%
PepsiCo, Inc.317,338 55,064,490 
Biotechnology — 0.7%
Amgen, Inc.70,933 16,111,722 
Vertex Pharmaceuticals, Inc.(1)
33,050 8,032,802 
24,144,524 
Building Products — 1.7%
Johnson Controls International plc607,005 44,111,053 
Masco Corp.279,689 17,712,705 
61,823,758 
Capital Markets — 4.6%
Ameriprise Financial, Inc.78,720 23,955,283 
BlackRock, Inc.37,550 30,901,397 
Intercontinental Exchange, Inc.126,529 16,026,163 
Morgan Stanley603,105 61,842,387 
S&P Global, Inc.84,549 35,106,436 
167,831,666 
Chemicals — 2.5%
Air Products and Chemicals, Inc.54,868 15,479,360 
Ecolab, Inc.77,852 14,749,061 
Linde plc138,237 44,053,367 
Sherwin-Williams Co. (The)59,905 17,163,382 
91,445,170 
Communications Equipment — 1.1%
Cisco Systems, Inc.718,805 40,015,874 
Consumer Finance — 0.9%
American Express Co.190,042 34,173,352 
Containers and Packaging — 0.6%
Ball Corp.240,444 23,347,112 
Diversified Telecommunication Services — 0.2%
Verizon Communications, Inc.138,318 7,362,667 
Electric Utilities — 1.7%
NextEra Energy, Inc.814,452 63,624,990 
Electrical Equipment — 1.3%
Eaton Corp. plc159,013 25,192,430 



Generac Holdings, Inc.(1)
11,517 3,252,170 
Rockwell Automation, Inc.71,200 20,592,464 
49,037,064 
Electronic Equipment, Instruments and Components — 2.0%
CDW Corp.154,729 29,251,517 
Cognex Corp.197,001 13,092,686 
Keysight Technologies, Inc.(1)
183,719 31,015,442 
73,359,645 
Energy Equipment and Services — 1.3%
Schlumberger NV1,176,988 45,984,921 
Entertainment — 1.5%
Electronic Arts, Inc.105,832 14,039,673 
Walt Disney Co. (The)(1)
293,893 42,017,882 
56,057,555 
Equity Real Estate Investment Trusts (REITs) — 2.3%
Prologis, Inc.543,189 85,182,899 
Food and Staples Retailing — 1.6%
Costco Wholesale Corp.42,297 21,365,483 
Sysco Corp.463,232 36,201,581 
57,567,064 
Food Products — 0.8%
Mondelez International, Inc., Class A405,117 27,154,993 
Vital Farms, Inc.(1)
122,802 2,029,917 
29,184,910 
Health Care Equipment and Supplies — 1.8%
Edwards Lifesciences Corp.(1)
310,185 33,872,202 
Medtronic plc230,321 23,835,920 
ResMed, Inc.30,261 6,917,665 
64,625,787 
Health Care Providers and Services — 4.1%
Cigna Corp.175,783 40,510,950 
CVS Health Corp.378,876 40,354,083 
Humana, Inc.34,923 13,707,277 
UnitedHealth Group, Inc.113,738 53,749,167 
148,321,477 
Hotels, Restaurants and Leisure — 2.0%
Booking Holdings, Inc.(1)
11,293 27,737,076 
Chipotle Mexican Grill, Inc.(1)
10,106 15,013,272 
Expedia Group, Inc.(1)
168,976 30,971,611 
73,721,959 
Household Products — 1.6%
Colgate-Palmolive Co.188,089 15,507,938 
Procter & Gamble Co. (The)262,023 42,041,590 
57,549,528 
Industrial Conglomerates — 1.1%
Honeywell International, Inc.199,784 40,851,832 
Insurance — 1.6%
Marsh & McLennan Cos., Inc.134,086 20,600,973 
Prudential Financial, Inc.156,724 17,485,697 
Travelers Cos., Inc. (The)130,716 21,722,385 
59,809,055 
Interactive Media and Services — 6.1%
Alphabet, Inc., Class A(1)
65,370 176,895,796 
Meta Platforms, Inc., Class A(1)
145,071 45,444,941 
222,340,737 



Internet and Direct Marketing Retail — 3.3%
Amazon.com, Inc.(1)
40,605 121,468,639 
IT Services — 5.0%
Accenture plc, Class A127,937 45,235,964 
Mastercard, Inc., Class A128,820 49,773,472 
PayPal Holdings, Inc.(1)
209,497 36,020,914 
Visa, Inc., Class A229,080 51,811,024 
182,841,374 
Life Sciences Tools and Services — 1.9%
Agilent Technologies, Inc.244,241 34,027,656 
Thermo Fisher Scientific, Inc.63,065 36,659,685 
70,687,341 
Machinery — 2.4%
Cummins, Inc.116,666 25,769,186 
Deere & Co.34,660 13,046,024 
Parker-Hannifin Corp.105,803 32,799,988 
Xylem, Inc.152,799 16,046,951 
87,662,149 
Media — 0.5%
Comcast Corp., Class A373,039 18,648,220 
Multiline Retail — 0.5%
Target Corp.73,913 16,292,643 
Oil, Gas and Consumable Fuels — 1.5%
ConocoPhillips632,534 56,055,163 
Personal Products — 0.5%
Estee Lauder Cos., Inc. (The), Class A52,149 16,259,537 
Pharmaceuticals — 3.2%
Bristol-Myers Squibb Co.565,315 36,683,290 
Merck & Co., Inc.357,082 29,095,042 
Novo Nordisk A/S, B Shares183,630 18,265,354 
Zoetis, Inc.163,189 32,603,530 
116,647,216 
Professional Services — 0.1%
IHS Markit Ltd.33,916 3,961,050 
Road and Rail — 1.1%
Norfolk Southern Corp.80,273 21,833,453 
Union Pacific Corp.74,963 18,332,202 
40,165,655 
Semiconductors and Semiconductor Equipment — 5.5%
Advanced Micro Devices, Inc.(1)
187,412 21,411,821 
Applied Materials, Inc.243,863 33,696,989 
ASML Holding NV46,291 31,352,639 
NVIDIA Corp.314,606 77,034,425 
Texas Instruments, Inc.203,248 36,480,984 
199,976,858 
Software — 9.9%
Adobe, Inc.(1)
56,574 30,227,488 
Microsoft Corp.929,676 289,110,643 
salesforce.com, Inc.(1)
96,959 22,555,572 
ServiceNow, Inc.(1)
18,827 11,028,480 
Workday, Inc., Class A(1)
38,229 9,672,319 
362,594,502 
Specialty Retail — 2.9%
Home Depot, Inc. (The)183,876 67,478,814 
TJX Cos., Inc. (The)370,650 26,675,681 



Tractor Supply Co.52,964 11,562,571 
105,717,066 
Technology Hardware, Storage and Peripherals — 4.6%
Apple, Inc.969,312 169,416,351 
Textiles, Apparel and Luxury Goods — 1.2%
Deckers Outdoor Corp.(1)
32,948 10,550,938 
NIKE, Inc., Class B233,210 34,531,405 
45,082,343 
TOTAL COMMON STOCKS
(Cost $2,324,307,697)
3,586,860,003 
SHORT-TERM INVESTMENTS — 1.8%


Money Market Funds
State Street Institutional U.S. Government Money Market Fund, Premier Class
290,157 290,157 
Repurchase Agreements — 1.8%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.25% - 6.00%, 4/30/24 - 2/15/49, valued at $15,463,429) in a joint trading account at 0.02%, dated 1/31/22, due 2/1/22 (Delivery value $15,194,741)15,194,733 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.875% - 2.5%, 02/15/41 - 02/15/45, valued at $51,667,186) at 0.02%, dated 1/31/22, due 2/1/22 (Delivery value $50,654,028)50,654,000 
65,848,733 
TOTAL SHORT-TERM INVESTMENTS
(Cost $66,138,890)
66,138,890 
TOTAL INVESTMENT SECURITIES — 99.8%
(Cost $2,390,446,587)

3,652,998,893 
OTHER ASSETS AND LIABILITIES — 0.2%

7,253,096 
TOTAL NET ASSETS — 100.0%

$3,660,251,989 

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency PurchasedCurrency SoldCounterpartySettlement DateUnrealized Appreciation
(Depreciation)
EUR617,054 USD696,689 Credit Suisse AG3/31/22$(2,543)
EUR1,165,770 USD1,324,068 Credit Suisse AG3/31/22(12,654)
EUR1,424,374 USD1,620,288 Credit Suisse AG3/31/22(17,961)
EUR810,555 USD926,387 Credit Suisse AG3/31/22(14,566)
EUR1,621,111 USD1,833,886 Credit Suisse AG3/31/22(10,244)
EUR629,558 USD713,466 Goldman Sachs & Co.3/31/22(5,255)
EUR743,665 USD835,332 UBS AG3/31/221,242 
EUR897,120 USD1,020,680 UBS AG3/31/22(11,479)
USD30,268,961 EUR26,731,100 Credit Suisse AG3/31/22198,233 
USD1,068,184 EUR941,403 Credit Suisse AG3/31/229,167 
USD1,083,766 EUR944,336 Credit Suisse AG3/31/2221,449 
USD1,040,974 EUR917,670 UBS AG3/31/228,655 
USD742,003 EUR649,231 UBS AG3/31/2211,661 
$175,705 

FUTURES CONTRACTS PURCHASED
Reference EntityContractsExpiration
Date
Notional AmountUnrealized
Appreciation
(Depreciation)^
S&P 500 E-Mini
262 March 2022$59,005,675 $(1,017,160)

^Amount represents value and unrealized appreciation (depreciation).

NOTES TO SCHEDULE OF INVESTMENTS
EUR-Euro
USD-United States Dollar
Category is less than 0.05% of total net assets.
(1)Non-income producing.



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 Stocks3,537,242,010 49,617,993 — 
Short-Term Investments290,157 65,848,733 — 
3,537,532,167 115,466,726 — 
Other Financial Instruments
Forward Foreign Currency Exchange Contracts— 250,407 — 
Liabilities
Other Financial Instruments
Futures Contracts1,017,160 — — 
Forward Foreign Currency Exchange Contracts— 74,702 — 
1,017,160 74,702 — 
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.