NPORT-EX 2 acd4_intlvalue.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Value Fund
August 31, 2020



International Value - Schedule of Investments
AUGUST 31, 2020 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 93.2%
Australia — 6.6%
AGL Energy Ltd.38,140 412,692 
Aristocrat Leisure Ltd.17,307 354,725 
Australia & New Zealand Banking Group Ltd.27,005 357,048 
BHP Group Ltd.17,421 480,016 
BlueScope Steel Ltd.8,188 75,177 
Commonwealth Bank of Australia6,776 335,937 
Fortescue Metals Group Ltd.51,739 657,178 
National Australia Bank Ltd.9,905 128,569 
Santos Ltd.9,726 39,857 
Westpac Banking Corp.11,193 142,748 
Woodside Petroleum Ltd.11,132 158,361 
3,142,308 
Austria — 0.1%
Raiffeisen Bank International AG(1)
2,676 47,864 
Belgium — 0.9%
Ageas SA/NV6,573 276,539 
KBC Group NV2,471 141,696 
Telenet Group Holding NV400 15,547 
433,782 
Denmark — 0.6%
Novo Nordisk A/S, B Shares1,230 81,323 
Pandora A/S2,772 201,712 
283,035 
Finland — 1.5%
Fortum Oyj4,327 91,414 
Kone Oyj, B Shares7,431 637,629 
729,043 
France — 9.9%
BNP Paribas SA(1)
13,737 598,589 
Bouygues SA(1)
4,285 169,884 
CNP Assurances(1)
10,724 143,446 
Covivio1,569 116,191 
Eiffage SA(1)
2,685 247,256 
L'Oreal SA910 301,035 
Legrand SA5,408 450,870 
Peugeot SA(1)
16,680 286,225 
Publicis Groupe SA(1)
7,692 269,409 
Safran SA(1)
2,148 248,461 
Sanofi3,200 324,062 
Schneider Electric SE1,900 235,617 
Societe Generale SA(1)
4,800 77,636 
TOTAL SE20,415 807,738 
Valeo SA10,916 333,137 
Vinci SA1,275 119,467 
4,729,023 
Germany — 9.6%
adidas AG(1)
556 168,333 
Allianz SE2,910 630,233 



Aroundtown SA(1)
8,717 47,716 
Bayer AG1,746 115,366 
Brenntag AG7,485 468,938 
Commerzbank AG(1)
11,926 69,301 
Continental AG4,071 443,600 
Daimler AG2,798 142,625 
Deutsche Boerse AG1,496 282,782 
Deutsche Post AG3,700 167,786 
GEA Group AG7,801 284,522 
Hannover Rueck SE708 120,569 
Muenchener Rueckversicherungs-Gesellschaft AG2,189 628,802 
Porsche Automobil Holding SE, Preference Shares(1)
2,389 146,211 
Siemens AG4,244 585,753 
Telefonica Deutschland Holding AG102,199 282,658 
4,585,195 
Hong Kong — 1.7%
BOC Hong Kong Holdings Ltd.32,500 91,440 
Hang Seng Bank Ltd.17,100 267,944 
Hong Kong Exchanges & Clearing Ltd.2,000 100,541 
Sands China Ltd.84,800 373,224 
833,149 
Italy — 2.4%
Enel SpA28,587 259,255 
Ferrari NV2,942 573,112 
Tenaris SA50,885 298,965 
1,131,332 
Japan — 21.0%
ABC-Mart, Inc.1,700 89,394 
Astellas Pharma, Inc.27,000 423,747 
Brother Industries Ltd.13,300 219,668 
Chugai Pharmaceutical Co. Ltd.3,000 133,765 
Fast Retailing Co. Ltd.100 59,567 
Hino Motors Ltd.14,000 93,127 
Honda Motor Co. Ltd.4,700 120,067 
Hoya Corp.800 78,570 
ITOCHU Corp.2,000 51,295 
KDDI Corp.20,400 591,584 
LIXIL Group Corp.6,900 126,347 
Mitsubishi Chemical Holdings Corp.16,300 95,093 
Mitsubishi Electric Corp.7,600 104,349 
Mitsubishi UFJ Financial Group, Inc.48,400 201,509 
Nexon Co. Ltd.10,000 234,791 
Nintendo Co. Ltd.1,000 534,904 
Nitori Holdings Co. Ltd.2,300 480,473 
NTT DOCOMO, Inc.20,400 569,506 
Obayashi Corp.34,200 332,866 
Ono Pharmaceutical Co. Ltd.1,700 51,283 
ORIX Corp.13,800 170,378 
Recruit Holdings Co. Ltd.9,100 343,646 
Sekisui House Ltd.25,800 509,131 
Shin-Etsu Chemical Co. Ltd.2,100 253,741 
Shionogi & Co. Ltd.8,100 449,296 
Showa Denko KK4,000 77,799 
Softbank Corp.16,900 221,821 



SoftBank Group Corp.7,800 484,371 
Sony Corp.6,000 469,513 
Sumitomo Mitsui Financial Group, Inc.12,800 375,428 
Tokyo Electron Ltd.1,700 433,418 
Toyota Motor Corp.12,300 812,895 
Trend Micro, Inc.4,900 302,806 
Tsuruha Holdings, Inc.1,300 173,590 
Welcia Holdings Co. Ltd.8,800 376,795 
10,046,533 
Netherlands — 2.8%
ING Groep NV(1)
26,683 217,066 
Koninklijke Ahold Delhaize NV11,787 354,985 
Koninklijke DSM NV1,031 165,566 
NN Group NV9,747 366,891 
Randstad NV4,751 247,422 
1,351,930 
New Zealand — 0.2%
a2 Milk Co. Ltd.(1)
9,512 118,778 
Norway — 0.4%
Aker BP ASA8,520 168,926 
Singapore — 2.3%
DBS Group Holdings Ltd.25,000 382,743 
Oversea-Chinese Banking Corp. Ltd.57,600 366,459 
United Overseas Bank Ltd.24,400 350,225 
1,099,427 
Spain — 4.7%
ACS Actividades de Construccion y Servicios SA3,484 85,464 
Banco Bilbao Vizcaya Argentaria SA81,421 240,647 
Banco Santander SA50,749 113,992 
CaixaBank SA93,046 206,264 
Enagas SA3,835 93,855 
Endesa SA12,085 335,283 
Iberdrola SA66,667 840,156 
Industria de Diseno Textil SA5,862 164,630 
Mapfre SA37,262 70,568 
Telefonica SA20,150 79,728 
2,230,587 
Sweden — 2.7%
Hennes & Mauritz AB, B Shares4,407 70,371 
Industrivarden AB, C Shares(1)
12,458 328,558 
Investor AB, B Shares8,291 529,101 
Kinnevik AB, Class B(2)
6,658 256,955 
Kinnevik AB, Class B - Redemption Shares(1)(2)
6,658 5,350 
Lundin Energy AB4,616 112,735 
1,303,070 
Switzerland — 6.7%
Geberit AG885 509,483 
Kuehne + Nagel International AG(1)
3,152 610,157 
Novartis AG7,467 643,648 
Partners Group Holding AG330 334,873 
Roche Holding AG622 217,375 
UBS Group AG9,016 109,751 
Zurich Insurance Group AG2,109 780,296 
3,205,583 



United Kingdom — 19.1%
3i Group plc22,162 277,883 
Admiral Group plc12,855 452,922 
Aviva plc130,092 491,617 
BAE Systems plc3,310 22,990 
Barclays plc(1)
86,558 130,937 
BHP Group plc30,758 692,769 
BP plc55,957 195,250 
British American Tobacco plc17 579 
Burberry Group plc5,238 101,800 
Direct Line Insurance Group plc84,623 335,795 
Evraz plc101,627 440,425 
Ferguson plc5,259 518,531 
GlaxoSmithKline plc52,676 1,036,579 
HSBC Holdings plc39,944 176,061 
JD Sports Fashion plc11,130 107,985 
Legal & General Group plc176,759 519,233 
M&G plc97,906 226,415 
Next plc4,550 367,244 
RELX plc3,002 68,320 
Rio Tinto plc16,317 1,000,654 
Royal Dutch Shell plc, B Shares56,938 801,995 
Sage Group plc (The)30,866 306,048 
St. James's Place plc17,282 226,351 
Standard Life Aberdeen plc95,233 301,962 
Vodafone Group plc215,845 318,483 
9,118,828 
TOTAL COMMON STOCKS
(Cost $43,869,477)
44,558,393 
EXCHANGE-TRADED FUNDS — 2.7%
iShares MSCI EAFE Value ETF(2)
(Cost $1,218,604)
30,196 1,268,232 
TEMPORARY CASH INVESTMENTS — 3.0%
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations,
0.125% - 2.375%, 6/30/22 - 4/30/26, valued at $635,710), in a joint trading account at 0.05%, dated 8/31/20, due 9/1/20 (Delivery value $623,053)
623,052 
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 4.75%, 2/15/37, valued at $847,692), at 0.05%, dated 8/31/20, due 9/1/20 (Delivery value $831,001)831,000 
State Street Institutional U.S. Government Money Market Fund, Premier Class829 829 
TOTAL TEMPORARY CASH INVESTMENTS
(Cost $1,454,881)
1,454,881 
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3) — 2.3%
State Street Navigator Securities Lending Government Money Market Portfolio
(Cost $1,100,178)
1,100,178 1,100,178 
TOTAL INVESTMENT SECURITIES — 101.2%
(Cost $47,643,140)
48,381,684 
OTHER ASSETS AND LIABILITIES — (1.2)%(578,053)
TOTAL NET ASSETS — 100.0%$47,803,631 






FUTURES CONTRACTS PURCHASED
Reference EntityContractsExpiration DateNotional AmountUnrealized
Appreciation
(Depreciation) ^
MSCI EAFE Index7September 2020$665,035$41,259
^ Amount represents value and unrealized appreciation (depreciation).


MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Financials27.1%
Industrials14.0%
Consumer Discretionary13.3%
Materials8.3%
Communication Services7.6%
Health Care7.5%
Energy5.4%
Utilities4.4%
Consumer Staples2.7%
Information Technology2.6%
Real Estate0.3%
Exchange-Traded Funds2.7%
Cash and Equivalents*4.1%
*Includes temporary cash investments, temporary cash investments - securities lending collateral and other assets and liabilities.


NOTES TO SCHEDULE OF INVESTMENTS
(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 $1,252,425. 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 value of the collateral held by the fund was $1,286,531, which includes securities collateral of $186,353.



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. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.
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— 44,558,393 — 
Exchange-Traded Funds1,268,232 — — 
Temporary Cash Investments829 1,454,052 — 
Temporary Cash Investments - Securities Lending Collateral1,100,178 — — 
2,369,239 46,012,445 — 
Other Financial Instruments
Futures Contracts41,259 — — 



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.