NPORT-EX 2 acd6_ntintlgrowth.htm PART F Document



American Century Investments® 
Quarterly Portfolio Holdings
NT International Growth Fund
February 29, 2020









NT International Growth - Schedule of Investments
 
FEBRUARY 29, 2020 (UNAUDITED)                       
 
 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.5%
 
 
Australia — 4.8%
 
 
Aristocrat Leisure Ltd.
248,620

5,336,437

Atlassian Corp. plc, Class A(1) 
27,290

3,955,959

CSL Ltd.
100,030

19,845,113

Treasury Wine Estates Ltd.
771,700

5,547,929

 
 
34,685,438

Austria — 0.9%
 
 
Erste Group Bank AG(1) 
188,394

6,498,313

Belgium — 1.2%
 
 
KBC Group NV
133,350

8,880,817

Brazil — 1.3%
 
 
Localiza Rent a Car SA
370,901

4,044,172

Magazine Luiza SA
443,299

4,936,669

 
 
8,980,841

Canada — 5.4%
 
 
Alimentation Couche-Tard, Inc., B Shares
241,470

7,332,700

Canada Goose Holdings, Inc.(1)(2) 
226,900

6,255,633

Canadian Pacific Railway Ltd.
23,620

5,854,100

First Quantum Minerals Ltd.
452,400

3,343,496

Intact Financial Corp.
76,250

8,264,938

Shopify, Inc., Class A(1) 
7,810

3,626,261

TMX Group Ltd.
54,780

4,559,116

 
 
39,236,244

China — 4.8%
 
 
Alibaba Group Holding Ltd. ADR(1) 
54,610

11,358,880

ANTA Sports Products Ltd.
383,000

3,115,840

GDS Holdings Ltd. ADR(1) 
158,010

9,159,840

TAL Education Group ADR(1) 
72,210

3,927,502

Tencent Holdings Ltd.
148,500

7,324,822

 
 
34,886,884

Denmark — 3.2%
 
 
Carlsberg A/S, B Shares
63,040

8,358,566

DSV Panalpina A/S
71,772

7,247,771

Novo Nordisk A/S, B Shares
128,390

7,630,663

 
 
23,237,000

Finland — 1.6%
 
 
Neste Oyj
293,260

11,581,935

France — 10.3%
 
 
Airbus SE
50,960

6,228,548

ArcelorMittal SA
316,350

4,611,606

Dassault Systemes SE
39,710

6,274,284

Edenred
140,175

7,359,511

LVMH Moet Hennessy Louis Vuitton SE
20,650

8,519,746

Peugeot SA
190,550

3,715,537




Safran SA
47,790

6,639,229

Schneider Electric SE
130,350

13,285,692

Teleperformance
25,560

6,239,823

TOTAL SA
141,730

6,073,057

Valeo SA
203,610

5,264,284

 
 
74,211,317

Germany — 5.2%
 
 
adidas AG
26,710

7,441,909

E.ON SE
440,100

5,082,004

Infineon Technologies AG
437,964

9,149,844

Puma SE
83,920

6,451,126

Symrise AG
92,260

8,986,030

 
 
37,110,913

Hong Kong — 3.0%
 
 
AIA Group Ltd.
2,219,600

21,466,849

Hungary — 0.5%
 
 
OTP Bank Nyrt
78,297

3,410,868

India — 0.7%
 
 
HDFC Bank Ltd.
296,740

4,880,417

Indonesia — 0.7%
 
 
Bank Central Asia Tbk PT
2,378,800

5,190,953

Ireland — 2.7%
 
 
CRH plc
208,512

7,033,937

ICON plc(1) 
29,600

4,619,376

Kerry Group plc, A Shares
64,310

8,099,032

 
 
19,752,345

Italy — 1.4%
 
 
Nexi SpA(1) 
304,216

4,918,036

Prysmian SpA
213,780

5,144,780

 
 
10,062,816

Japan — 15.1%
 
 
Daikin Industries Ltd.
36,700

4,983,468

Fast Retailing Co. Ltd.
8,000

3,942,261

GMO Payment Gateway, Inc.
60,700

3,745,588

Hoya Corp.
128,200

11,362,077

Keyence Corp.
37,700

12,162,921

MonotaRO Co. Ltd.
288,400

6,396,095

Murata Manufacturing Co. Ltd.
236,200

12,677,366

Obic Co. Ltd.
42,300

5,199,159

Pan Pacific International Holdings Corp.
589,600

9,717,147

Recruit Holdings Co. Ltd.
351,400

12,201,980

Rohm Co. Ltd.
40,500

2,644,820

Shimadzu Corp.
223,800

5,417,283

Shiseido Co. Ltd.
71,500

4,346,463

Sysmex Corp.
92,000

5,875,664

Terumo Corp.
255,600

8,188,279

 
 
108,860,571

Netherlands — 4.3%
 
 
Adyen NV(1) 
10,300

9,137,447

ASML Holding NV
45,830

12,693,205




Koninklijke DSM NV
83,810

9,490,892

 
 
31,321,544

Spain — 4.4%
 
 
Cellnex Telecom SA
329,217

16,107,853

Iberdrola SA
1,349,296

15,443,570

 
 
31,551,423

Sweden — 4.1%
 
 
Atlas Copco AB, A Shares
171,110

6,141,604

Hexagon AB, B Shares
186,380

10,030,917

Lundin Petroleum AB
205,020

5,845,841

Telefonaktiebolaget LM Ericsson, B Shares
980,600

7,832,339

 
 
29,850,701

Switzerland — 13.5%
 
 
Lonza Group AG(1) 
34,520

13,795,152

Nestle SA
288,750

29,916,507

Novartis AG
170,270

14,294,037

Partners Group Holding AG
9,510

8,313,350

Sika AG
44,315

7,917,514

Straumann Holding AG
6,800

6,387,735

Temenos AG(1) 
46,990

6,763,230

Zurich Insurance Group AG
25,030

9,740,890

 
 
97,128,415

Taiwan — 1.0%
 
 
Taiwan Semiconductor Manufacturing Co. Ltd.
708,000

7,259,303

United Kingdom — 9.4%
 
 
ASOS plc(1) 
115,970

4,466,610

Associated British Foods plc
114,010

3,321,931

AstraZeneca plc
193,110

16,903,945

B&M European Value Retail SA
812,296

3,495,383

Barratt Developments plc
427,610

4,200,649

Burberry Group plc
303,590

6,632,254

Ferguson plc
59,020

5,155,302

London Stock Exchange Group plc
132,100

12,921,341

Melrose Industries plc
3,856,950

10,525,491

 
 
67,622,906

TOTAL COMMON STOCKS
(Cost $571,035,709)
 
717,668,813

TEMPORARY CASH INVESTMENTS — 0.4%
 
 
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 1.625% - 7.875%, 2/15/21 - 5/15/45, valued at $2,805,704), in a joint trading account at 1.35%, dated 2/28/20, due 3/2/20 (Delivery value $2,739,192)
 
2,738,884

Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.875%, 9/30/22, valued at $159,269), at 0.65%, dated 2/28/20, due 3/2/20 (Delivery value $153,008)
 
153,000

State Street Institutional U.S. Government Money Market Fund, Premier Class
1,679

1,679

TOTAL TEMPORARY CASH INVESTMENTS
(Cost $2,893,563)
 
2,893,563

TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3) — 0.7%
 
 
State Street Navigator Securities Lending Government Money Market Portfolio
(Cost $5,400,185)
5,400,185

5,400,185

TOTAL INVESTMENT SECURITIES — 100.6%
(Cost $579,329,457)
 
725,962,561

OTHER ASSETS AND LIABILITIES — (0.6)%
 
(4,131,825
)
TOTAL NET ASSETS — 100.0%
 
$
721,830,736




MARKET SECTOR DIVERSIFICATION
 
(as a % of net assets)
 
Information Technology
19.5%
Health Care
15.0%
Industrials
13.9%
Consumer Discretionary
13.5%
Financials
13.1%
Consumer Staples
9.3%
Materials
5.8%
Energy
3.3%
Communication Services
3.2%
Utilities
2.9%
Cash and Equivalents*
0.5%
*Includes temporary cash investments, temporary cash investments - securities lending collateral and other assets and liabilities.

NOTES TO SCHEDULE OF INVESTMENTS
ADR
-
American Depositary Receipt
(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 $6,255,633. 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)
Investment of cash collateral from securities on loan. At the period end, the aggregate market value of the collateral held by the fund was $6,391,732, which includes securities collateral of $991,547.





SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS
 
1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value 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.
 
Open-end management investment companies are valued at the reported net asset value per share. Repurchase agreements are valued at cost, which approximates fair value.
 
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 net asset value 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 Stocks
 
 
 
Australia
3,955,959

30,729,479


Canada
6,255,633

32,980,611


China
24,446,222

10,440,662


Ireland
4,619,376

15,132,969


Other Countries

589,107,902


Temporary Cash Investments
1,679

2,891,884


Temporary Cash Investments - Securities Lending Collateral
5,400,185



 
44,679,054

681,283,507






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.