NPORT-EX 2 acd3_intlopportunities.htm PART F Document

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




International Opportunities - Schedule of Investments
AUGUST 31, 2020 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.8%
Argentina — 0.5%
Globant SA(1)
18,488 3,283,099 
Australia — 8.1%
Breville Group Ltd.252,752 5,006,025 
carsales.com Ltd.244,904 3,705,786 
Gold Road Resources Ltd.(1)
7,083,808 8,145,966 
Kogan.com Ltd.240,129 3,643,646 
NEXTDC Ltd.(1)
1,103,297 9,873,524 
Saracen Mineral Holdings Ltd.(1)
1,480,505 5,693,115 
Seven Group Holdings Ltd.(2)
631,321 8,740,011 
Temple & Webster Group Ltd.(1)
744,062 5,284,147 
50,092,220 
Belgium — 0.8%
Fagron147,107 3,338,155 
Warehouses De Pauw, CVA45,927 1,623,529 
4,961,684 
Brazil — 2.0%
Grupo SBF SA(1)
627,500 3,479,684 
Locaweb Servicos de Internet SA(1)
458,900 5,147,286 
TOTVS SA651,600 3,420,647 
12,047,617 
Canada — 9.0%
Alamos Gold, Inc., Class A (New York)760,846 7,958,449 
BRP, Inc.102,227 5,552,007 
Descartes Systems Group, Inc. (The)(1)
91,707 5,595,860 
Element Fleet Management Corp.516,353 4,247,685 
FirstService Corp.52,739 6,599,097 
Gibson Energy, Inc.157,911 2,875,291 
Innergex Renewable Energy, Inc.215,962 3,728,650 
Kinaxis, Inc.(1)
28,156 4,294,149 
Parex Resources, Inc.(1)
424,496 5,809,218 
Real Matters, Inc.(1)
95,879 1,944,998 
TFI International, Inc.167,776 7,416,694 
56,022,098 
China — 6.2%
A-Living Services Co. Ltd., H Shares1,527,500 7,860,955 
China Lesso Group Holdings Ltd.898,000 1,670,904 
China Yongda Automobiles Services Holdings Ltd.6,312,000 7,561,040 
GDS Holdings Ltd., ADR(1)
36,774 2,976,487 
Kingsoft Cloud Holdings Ltd., ADR(1)(2)
210,631 7,262,557 
Times China Holdings Ltd.4,350,000 6,669,366 
Times Neighborhood Holdings Ltd.2,883,000 4,116,516 
38,117,825 
Denmark — 3.2%
ALK-Abello A/S(1)
16,466 5,562,509 
Netcompany Group A/S(1)
80,012 6,911,970 
Royal Unibrew A/S68,304 7,145,239 
19,619,718 



Finland — 2.0%
Huhtamaki Oyj(1)
125,323 6,059,442 
Metso Outotec Oyj829,335 6,145,307 
12,204,749 
France — 2.0%
Euronext NV40,683 4,945,226 
SOITEC(1)
54,916 7,320,358 
12,265,584 
Germany — 7.2%
Bechtle AG7,889 1,593,991 
CompuGroup Medical SE & Co. KgaA48,103 4,308,476 
Flatex AG(1)
152,330 7,391,756 
Gerresheimer AG27,156 3,198,077 
HelloFresh SE(1)
102,232 5,254,637 
MorphoSys AG(1)
40,481 5,092,088 
Sixt SE(1)
39,335 3,556,764 
Stroeer SE & Co. KGaA(1)(2)
81,819 6,374,953 
Varta AG(1)(2)
52,284 8,138,019 
44,908,761 
Hong Kong — 3.2%
Ausnutria Dairy Corp. Ltd.(1)(2)
1,871,000 3,084,412 
Man Wah Holdings Ltd.4,269,200 5,940,961 
Melco International Development Ltd.2,119,000 4,636,294 
Minth Group Ltd.1,816,000 6,064,583 
19,726,250 
Israel — 1.8%
AudioCodes Ltd.(2)
186,617 5,854,176 
Kornit Digital Ltd.(1)
86,411 5,351,433 
11,205,609 
Italy — 0.8%
Falck Renewables SpA712,394 4,775,941 
Japan — 15.1%
Anritsu Corp.287,700 6,275,560 
BASE, Inc.(1)
56,300 4,834,292 
Cosmos Pharmaceutical Corp.31,500 5,542,910 
Harmonic Drive Systems, Inc.62,400 3,279,338 
IR Japan Holdings Ltd.38,900 4,749,146 
Kakaku.com, Inc.124,400 3,306,554 
Kobe Bussan Co. Ltd.105,600 6,221,685 
Menicon Co. Ltd.79,300 4,850,354 
Mercari, Inc.(1)
115,700 5,228,969 
Nabtesco Corp.49,800 1,574,138 
Nihon Kohden Corp.115,200 3,951,143 
Nihon M&A Center, Inc.28,300 1,406,640 
Nippon Gas Co. Ltd.125,200 4,864,630 
Open House Co. Ltd.148,300 5,244,816 
Seria Co. Ltd.172,900 7,611,152 
SHIFT, Inc.(1)
53,800 6,231,162 
SHO-BOND Holdings Co. Ltd.128,800 6,082,870 
UT Group Co. Ltd.(1)
211,600 6,253,277 
Zeon Corp.603,600 6,300,104 
93,808,740 
Netherlands — 3.0%
Alfen Beheer BV(1)
90,001 6,528,236 
ASM International NV45,401 6,825,163 



Basic-Fit NV(1)
124,655 3,506,496 
IMCD NV15,017 1,602,528 
18,462,423 
Norway — 1.1%
Bakkafrost P/F(1)
47,457 2,968,393 
Subsea 7 SA(1)
493,395 3,980,739 
6,949,132 
Panama — 0.5%
Copa Holdings SA, Class A57,669 3,070,874 
Poland — 0.8%
Dino Polska SA(1)
86,054 5,209,223 
South Korea — 2.8%
Douzone Bizon Co. Ltd.48,376 4,096,598 
Hugel, Inc.(1)
20,667 2,847,501 
Orion Corp./Republic of Korea47,678 5,624,003 
SK Materials Co. Ltd.24,150 5,014,239 
17,582,341 
Sweden — 8.5%
AddTech AB, B Shares90,331 4,677,611 
BHG Group AB(1)
382,570 5,000,545 
Embracer Group AB(1)
258,964 5,086,520 
Lifco AB, B Shares67,294 5,350,223 
Lindab International AB339,289 5,446,586 
MIPS AB77,486 3,103,892 
Samhallsbyggnadsbolaget i Norden AB(2)
2,967,129 8,250,358 
Sinch AB(1)
79,301 8,044,291 
Stillfront Group AB(1)
74,485 8,013,443 
52,973,469 
Switzerland — 4.6%
Cembra Money Bank AG52,696 6,281,734 
SIG Combibloc Group AG(1)
317,401 6,233,554 
Tecan Group AG16,432 7,423,709 
Zur Rose Group AG(1)
31,669 8,621,063 
28,560,060 
Taiwan — 6.4%
Accton Technology Corp.549,000 4,371,447 
Airtac International Group366,000 8,052,768 
Alchip Technologies Ltd.182,000 3,256,267 
ASPEED Technology, Inc.36,000 1,465,683 
Chailease Holding Co. Ltd.1,257,297 5,537,061 
Genius Electronic Optical Co. Ltd.145,000 2,817,413 
Merida Industry Co. Ltd.828,000 6,906,055 
Nien Made Enterprise Co. Ltd.75,000 862,218 
TCI Co. Ltd.611,000 6,646,695 
39,915,607 
United Kingdom — 10.2%
ASOS plc(1)
64,902 4,284,453 
Avast plc959,969 6,878,159 
boohoo Group plc(1)
2,209,642 8,545,729 
Electrocomponents plc670,177 6,082,884 
Endava plc, ADR(1)
56,508 3,079,121 
Fevertree Drinks plc149,819 4,115,560 
Future plc245,124 4,909,106 
Games Workshop Group plc41,773 5,144,103 
HomeServe plc429,364 7,455,641 



Intermediate Capital Group plc325,383 5,945,845 
JD Sports Fashion plc361,878 3,510,988 
Serco Group plc(1)
1,734,489 3,259,921 
63,211,510 
TOTAL COMMON STOCKS
(Cost $461,478,647)
618,974,534 
TEMPORARY CASH INVESTMENTS — 0.3%
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 $783,361), in a joint trading account at 0.05%, dated 8/31/20, due 9/1/20 (Delivery value $767,765)
767,764 
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 4.75%, 2/15/37, valued at $1,042,566), at 0.05%, dated 8/31/20, due 9/1/20 (Delivery value $1,022,001)1,022,000 
State Street Institutional U.S. Government Money Market Fund, Premier Class12,047 12,047 
TOTAL TEMPORARY CASH INVESTMENTS
(Cost $1,801,811)
1,801,811 
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3) — 3.0%
State Street Navigator Securities Lending Government Money Market Portfolio
(Cost $18,764,495)
18,764,495 18,764,495 
TOTAL INVESTMENT SECURITIES — 103.1%
(Cost $482,044,953)
639,540,840 
OTHER ASSETS AND LIABILITIES — (3.1)%(18,991,857)
TOTAL NET ASSETS — 100.0%$620,548,983 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials20.7%
Information Technology19.7%
Consumer Discretionary17.1%
Consumer Staples9.0%
Materials7.3%
Health Care6.4%
Financials5.5%
Communication Services5.0%
Real Estate5.0%
Utilities2.2%
Energy1.9%
Cash and Equivalents*0.2%
*Includes temporary cash investments, temporary cash investments - securities lending collateral and other assets and liabilities.

NOTES TO SCHEDULE OF INVESTMENTS
ADR-American Depositary Receipt
CVA-Certificaten Van Aandelen
(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 $35,248,751. 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 $36,931,416, which includes securities collateral of $18,166,921.






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
Argentina3,283,099 — — 
Canada7,958,449 48,063,649 — 
China10,239,044 27,878,781 — 
Israel11,205,609 — — 
Panama3,070,874 — — 
United Kingdom3,079,121 60,132,389 — 
Other Countries— 444,063,519 — 
Temporary Cash Investments12,047 1,789,764 — 
Temporary Cash Investments - Securities Lending Collateral18,764,495 — — 
57,612,738 581,928,102 — 
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.