NPORT-EX 2 acme_sustainableequity.htm PART F Document

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



Sustainable Equity - Schedule of Investments
JULY 31, 2022 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.0%
Aerospace and Defense — 1.1%
Lockheed Martin Corp.87,089 36,038,299 
Air Freight and Logistics — 1.2%
United Parcel Service, Inc., Class B206,139 40,174,430 
Auto Components — 0.8%
Aptiv PLC(1)
240,779 25,255,309 
Automobiles — 1.7%
Tesla, Inc.(1)
64,125 57,164,231 
Banks — 2.9%
Bank of America Corp.303,695 10,267,928 
JPMorgan Chase & Co.372,460 42,966,986 
Regions Financial Corp.2,026,117 42,913,158 
96,148,072 
Beverages — 1.7%
PepsiCo, Inc.317,338 55,521,456 
Biotechnology — 2.0%
AbbVie, Inc.263,616 37,831,532 
Amgen, Inc.52,254 12,931,297 
Vertex Pharmaceuticals, Inc.(1)
50,151 14,062,842 
64,825,671 
Building Products — 1.5%
Johnson Controls International PLC607,005 32,723,640 
Masco Corp.308,414 17,079,967 
49,803,607 
Capital Markets — 4.6%
Ameriprise Financial, Inc.78,720 21,248,102 
BlackRock, Inc.45,308 30,319,207 
Intercontinental Exchange, Inc.126,529 12,904,693 
Morgan Stanley603,105 50,841,752 
S&P Global, Inc.94,174 35,497,006 
150,810,760 
Chemicals — 2.3%
Air Products and Chemicals, Inc.54,868 13,619,883 
Ecolab, Inc.89,422 14,769,832 
Linde PLC138,237 41,747,574 
Sherwin-Williams Co.27,405 6,630,366 
76,767,655 
Communications Equipment — 1.8%
Cisco Systems, Inc.1,296,718 58,832,096 
Consumer Finance — 0.5%
American Express Co.109,727 16,900,153 
Containers and Packaging — 0.7%
Ball Corp.315,908 23,193,965 
Diversified Telecommunication Services — 1.2%
Verizon Communications, Inc.833,809 38,513,638 
Electric Utilities — 2.1%
NextEra Energy, Inc.814,452 68,813,049 
Electrical Equipment — 1.4%
Eaton Corp. PLC159,013 23,595,939 



Generac Holdings, Inc.(1)
38,777 10,403,869 
Rockwell Automation, Inc.48,338 12,339,725 
46,339,533 
Electronic Equipment, Instruments and Components — 2.2%
CDW Corp.173,364 31,470,767 
Cognex Corp.197,001 10,043,111 
Keysight Technologies, Inc.(1)
183,719 29,872,709 
71,386,587 
Energy Equipment and Services — 1.9%
Schlumberger NV1,666,066 61,694,424 
Entertainment — 1.2%
Electronic Arts, Inc.105,832 13,888,333 
Walt Disney Co.(1)
244,559 25,947,710 
39,836,043 
Equity Real Estate Investment Trusts (REITs) — 2.3%
Prologis, Inc.580,988 77,015,769 
Food and Staples Retailing — 2.3%
Costco Wholesale Corp.42,297 22,895,366 
Kroger Co.258,290 11,994,988 
Sysco Corp.463,232 39,328,397 
74,218,751 
Food Products — 0.8%
Mondelez International, Inc., Class A405,117 25,943,693 
Vital Farms, Inc.(1)
122,802 1,449,063 
27,392,756 
Health Care Equipment and Supplies — 1.4%
Edwards Lifesciences Corp.(1)
310,185 31,186,000 
Medtronic PLC72,570 6,714,176 
ResMed, Inc.30,261 7,278,376 
45,178,552 
Health Care Providers and Services — 5.0%
Cigna Corp.175,783 48,403,607 
CVS Health Corp.378,876 36,250,855 
Humana, Inc.34,923 16,832,886 
UnitedHealth Group, Inc.113,738 61,684,667 
163,172,015 
Hotels, Restaurants and Leisure — 1.1%
Booking Holdings, Inc.(1)
10,464 20,255,060 
Chipotle Mexican Grill, Inc.(1)
4,863 7,606,802 
Expedia Group, Inc.(1)
84,349 8,945,211 
36,807,073 
Household Products — 1.6%
Colgate-Palmolive Co.188,089 14,810,128 
Procter & Gamble Co.262,023 36,397,615 
51,207,743 
Industrial Conglomerates — 0.9%
Honeywell International, Inc.151,131 29,086,672 
Insurance — 2.0%
Marsh & McLennan Cos., Inc.134,086 21,984,741 
Prudential Financial, Inc.237,558 23,753,424 
Travelers Cos., Inc.130,716 20,744,629 
66,482,794 
Interactive Media and Services — 5.0%
Alphabet, Inc., Class A(1)
1,409,820 163,990,262 



Internet and Direct Marketing Retail — 3.3%
Amazon.com, Inc.(1)
798,600 107,771,070 
IT Services — 4.2%
Accenture PLC, Class A127,937 39,181,986 
Mastercard, Inc., Class A115,181 40,749,886 
Visa, Inc., Class A282,391 59,897,955 
139,829,827 
Life Sciences Tools and Services — 2.1%
Agilent Technologies, Inc.244,241 32,752,718 
Thermo Fisher Scientific, Inc.63,065 37,738,727 
70,491,445 
Machinery — 1.9%
Cummins, Inc.116,666 25,819,352 
Deere & Co.34,660 11,894,619 
Parker-Hannifin Corp.41,789 12,080,782 
Xylem, Inc.152,799 14,062,092 
63,856,845 
Media — 0.4%
Comcast Corp., Class A334,313 12,543,424 
Multiline Retail — 0.4%
Target Corp.80,462 13,145,882 
Oil, Gas and Consumable Fuels — 2.1%
ConocoPhillips696,658 67,875,389 
Personal Products — 0.4%
Estee Lauder Cos., Inc., Class A52,149 14,241,892 
Pharmaceuticals — 3.9%
Bristol-Myers Squibb Co.565,315 41,708,941 
Merck & Co., Inc.392,709 35,084,622 
Novo Nordisk A/S, B Shares183,630 21,388,075 
Zoetis, Inc.163,189 29,790,152 
127,971,790 
Road and Rail — 1.3%
Norfolk Southern Corp.80,273 20,162,169 
Uber Technologies, Inc.(1)
208,640 4,892,608 
Union Pacific Corp.74,963 17,039,090 
42,093,867 
Semiconductors and Semiconductor Equipment — 4.8%
Advanced Micro Devices, Inc.(1)
211,338 19,965,101 
Analog Devices, Inc.221,318 38,057,843 
Applied Materials, Inc.226,715 24,027,256 
ASML Holding NV36,955 21,240,177 
NVIDIA Corp.294,376 53,467,513 
156,757,890 
Software — 10.3%
Adobe, Inc.(1)
43,919 18,012,061 
Cadence Design Systems, Inc.(1)
85,591 15,926,773 
Microsoft Corp.957,330 268,760,824 
Salesforce, Inc.(1)
123,705 22,764,194 
ServiceNow, Inc.(1)
18,827 8,409,268 
Workday, Inc., Class A(1)
38,229 5,929,318 
339,802,438 
Specialty Retail — 2.8%
Home Depot, Inc.183,876 55,335,643 
TJX Cos., Inc.429,004 26,237,885 



Tractor Supply Co.52,964 10,141,547 
91,715,075 
Technology Hardware, Storage and Peripherals — 4.9%
Apple, Inc.994,450 161,608,070 
Textiles, Apparel and Luxury Goods — 1.0%
Deckers Outdoor Corp.(1)
32,948 10,319,643 
NIKE, Inc., Class B185,843 21,357,078 
31,676,721 
TOTAL COMMON STOCKS
(Cost $2,380,263,930)
3,253,952,990 
SHORT-TERM INVESTMENTS — 1.1%
Money Market Funds
State Street Institutional U.S. Government Money Market Fund, Premier Class898,924 898,924 
Repurchase Agreements — 1.1%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 1.625% - 3.00%, 5/31/23 - 2/15/48, valued at $4,639,760), in a joint trading account at 2.18%, dated 7/29/22, due 8/1/22 (Delivery value $4,550,656)4,549,830 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.125%, 11/15/41, valued at $32,515,562), at 2.23%, dated 7/29/22, due 8/1/22 (Delivery value $31,883,924)31,878,000 
36,427,830 
TOTAL SHORT-TERM INVESTMENTS
(Cost $37,326,754)
37,326,754 
TOTAL INVESTMENT SECURITIES — 100.1%
(Cost $2,417,590,684)
3,291,279,744 
OTHER ASSETS AND LIABILITIES — (0.1)%
(4,482,197)
TOTAL NET ASSETS — 100.0%
$3,286,797,547 

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency PurchasedCurrency SoldCounterpartySettlement Date
Unrealized Appreciation
(Depreciation)
EUR4,224,517 USD4,443,279 JPMorgan Chase Bank N.A.9/30/22$(107,731)
EUR534,000 USD559,210 JPMorgan Chase Bank N.A.9/30/22(11,175)
EUR772,729 USD795,821 JPMorgan Chase Bank N.A.9/30/22(2,782)
EUR698,911 USD716,203 JPMorgan Chase Bank N.A.9/30/221,078 
USD19,543,996 EUR18,483,418 JPMorgan Chase Bank N.A.9/30/22574,787 
USD633,018 EUR594,145 JPMorgan Chase Bank N.A.9/30/2223,257 
USD400,919 EUR392,647 JPMorgan Chase Bank N.A.9/30/22(2,048)
USD619,402 EUR606,247 JPMorgan Chase Bank N.A.9/30/22(2,778)
USD788,684 EUR772,729 JPMorgan Chase Bank N.A.9/30/22(4,355)
USD622,516 EUR609,388 JPMorgan Chase Bank N.A.9/30/22(2,888)
USD527,145 EUR515,153 JPMorgan Chase Bank N.A.9/30/22(1,547)
USD832,471 EUR810,423 JPMorgan Chase Bank N.A.9/30/22747 
USD590,982 EUR577,976 JPMorgan Chase Bank N.A.9/30/22(2,185)
$462,380 

FUTURES CONTRACTS PURCHASED
Reference EntityContractsExpiration
Date
Notional
Amount
Unrealized
Appreciation
(Depreciation)^
S&P 500 E-Mini
162 September 2022$33,481,350 $2,627,666 
^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. Corporate bonds, U.S. Treasury and Government Agency securities, 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.

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 Stocks3,211,324,738 42,628,252 — 
Short-Term Investments898,924 36,427,830 — 
3,212,223,662 79,056,082 — 
Other Financial Instruments
Futures Contracts2,627,666 — — 
Forward Foreign Currency Exchange Contracts— 599,869 — 
2,627,666 599,869 — 
Liabilities
Other Financial Instruments
Forward Foreign Currency Exchange Contracts— 137,489 — 

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.