NPORT-EX 2 acd3_internationaloppo.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Opportunities Fund
February 28, 2021



International Opportunities - Schedule of Investments
FEBRUARY 28, 2021 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.8%
Australia — 5.0%
carsales.com Ltd.282,310 4,050,225 
Kogan.com Ltd.371,882 3,989,587 
NEXTDC Ltd.(1)
828,534 7,124,934 
Nickel Mines Ltd.5,003,216 5,403,048 
Redbubble Ltd.(1)
875,103 3,432,522 
Seven Group Holdings Ltd.(2)
555,298 9,290,379 
Temple & Webster Group Ltd.(1)(2)
394,541 2,813,313 
36,104,008 
Brazil — 2.4%
Locaweb Servicos de Internet SA1,122,552 5,704,700 
Movida Participacoes SA929,000 2,950,680 
Pet Center Comercio e Participacoes SA1,162,648 4,306,872 
Randon SA Implementos e Participacoes, Preference Shares1,998,200 4,649,464 
17,611,716 
Canada — 9.4%
Alamos Gold, Inc., Class A, (New York)492,638 3,497,730 
BRP, Inc.97,867 7,071,248 
CAE, Inc.296,094 7,836,277 
Descartes Systems Group, Inc. (The)(1)
62,715 3,671,927 
Element Fleet Management Corp.561,739 5,508,803 
Finning International, Inc.221,950 5,792,047 
FirstService Corp.25,638 3,890,022 
Innergex Renewable Energy, Inc.168,931 3,196,494 
Kinaxis, Inc.(1)
13,585 1,836,099 
Nuvei Corp.(1)
115,727 6,082,611 
Parex Resources, Inc.(1)
435,371 6,958,547 
Stantec, Inc.46,123 1,814,693 
TFI International, Inc.146,226 10,213,759 
67,370,257 
China — 6.3%
21Vianet Group, Inc., ADR(1)
173,844 6,334,875 
China Lesso Group Holdings Ltd.2,271,000 4,192,748 
China Yongda Automobiles Services Holdings Ltd.7,115,500 10,417,906 
Daqo New Energy Corp., ADR(1)
51,111 5,328,322 
Kingsoft Cloud Holdings Ltd., ADR(1)
169,273 9,966,794 
Minth Group Ltd.1,296,000 5,685,613 
Times Neighborhood Holdings Ltd.3,579,000 3,095,220 
45,021,478 
Denmark — 1.9%
ALK-Abello A/S(1)
19,815 8,335,178 
Netcompany Group A/S(1)
8,287 740,117 
Royal Unibrew A/S43,566 4,483,914 
13,559,209 
Finland — 2.5%
Huhtamaki Oyj80,461 3,618,580 
Metso Outotec Oyj959,377 10,770,563 
QT Group Oyj(1)
34,207 3,334,076 
17,723,219 



France — 2.9%
APERAM SA165,351 6,920,523 
Elis SA(1)
331,355 5,730,543 
SOITEC(1)
39,012 8,219,219 
20,870,285 
Germany — 3.7%
Dermapharm Holding SE84,878 6,008,966 
flatexDEGIRO AG(1)
82,816 8,710,694 
LPKF Laser & Electronics AG122,974 3,845,517 
ProSiebenSat.1 Media SE(1)
214,355 4,388,444 
SMA Solar Technology AG(1)
56,113 3,594,717 
26,548,338 
Hong Kong — 0.8%
Man Wah Holdings Ltd.2,714,000 5,934,224 
India — 1.6%
Ashok Leyland Ltd.3,167,969 5,534,602 
Indraprastha Gas Ltd.906,814 6,131,225 
11,665,827 
Indonesia — 1.0%
Bank Tabungan Negara Persero Tbk PT49,988,600 7,248,391 
Israel — 3.6%
Inmode Ltd.(1)
120,066 8,279,752 
Kornit Digital Ltd.(1)
91,118 10,308,179 
Nova Measuring Instruments Ltd.(1)
90,924 7,637,616 
26,225,547 
Japan — 17.1%
Anritsu Corp.316,700 6,777,933 
Asics Corp.202,300 3,344,589 
ASKUL Corp.144,100 4,764,875 
BASE, Inc.(1)
30,500 3,040,698 
CKD Corp.230,300 5,009,593 
en-japan, Inc.170,300 5,149,136 
Hennge KK(1)
39,300 2,819,381 
IHI Corp.326,100 6,097,045 
IR Japan Holdings Ltd.27,500 3,332,870 
Isetan Mitsukoshi Holdings Ltd.661,800 4,890,757 
Japan Steel Works Ltd. (The)244,000 6,361,852 
JMDC, Inc.(1)
107,100 5,103,383 
Kakaku.com, Inc.145,000 4,591,970 
Mabuchi Motor Co. Ltd.161,200 7,180,282 
Menicon Co. Ltd.59,100 3,499,609 
Nabtesco Corp.85,400 3,657,235 
Nextage Co. Ltd.272,900 4,413,407 
Nippon Gas Co. Ltd.146,500 6,768,071 
Open House Co. Ltd.196,200 7,550,346 
Ryohin Keikaku Co. Ltd.293,600 6,659,417 
SHIFT, Inc.(1)
48,600 5,867,492 
SHO-BOND Holdings Co. Ltd.170,500 7,482,901 
Zeon Corp.582,000 8,592,861 
122,955,703 
Mexico — 0.5%
Grupo Aeroportuario del Centro Norte SAB de CV(1)
662,838 3,825,394 
Netherlands — 4.0%
Alfen Beheer BV(1)
43,108 3,654,896 
ASM International NV24,949 6,727,076 



Basic-Fit NV(1)
113,939 4,832,070 
BE Semiconductor Industries NV101,721 7,679,359 
OCI NV(1)
279,707 6,005,395 
28,898,796 
Norway — 1.2%
Bakkafrost P/F(1)
87,847 6,255,885 
LINK Mobility Group Holding ASA(1)
379,666 2,389,744 
8,645,629 
Panama — 0.6%
Copa Holdings SA, Class A(1)
44,313 4,062,173 
Poland — 0.4%
Dino Polska SA(1)
38,928 2,553,353 
South Korea — 2.4%
Hugel, Inc.(1)
31,965 4,892,747 
SK Materials Co. Ltd.29,324 7,985,451 
Zinus, Inc.50,366 4,177,597 
17,055,795 
Sweden — 8.1%
AddTech AB, B Shares263,540 3,830,643 
BHG Group AB(1)
376,017 5,824,064 
Desenio Group AB(1)
356,541 3,715,772 
Lifco AB, B Shares65,091 6,186,220 
Nordic Entertainment Group AB, B Shares(1)
135,256 6,147,517 
Samhallsbyggnadsbolaget i Norden AB(2)
1,120,619 3,502,601 
Sinch AB(1)
48,640 9,082,465 
Stillfront Group AB(1)
875,864 9,575,156 
Trelleborg AB, B Shares(1)
416,180 10,588,516 
58,452,954 
Switzerland — 3.7%
Cembra Money Bank AG23,550 2,452,428 
Comet Holding AG9,325 2,183,083 
Komax Holding AG(1)
8,487 2,195,944 
SIG Combibloc Group AG(1)
302,847 6,716,641 
Tecan Group AG7,118 2,986,706 
Zur Rose Group AG(1)
21,750 10,254,460 
26,789,262 
Taiwan — 6.8%
Accton Technology Corp.629,000 5,926,438 
Advanced Wireless Semiconductor Co.961,000 5,533,686 
Airtac International Group187,000 6,528,438 
Alchip Technologies Ltd.183,000 5,846,946 
ASPEED Technology, Inc.50,000 3,156,581 
Chailease Holding Co. Ltd.1,125,297 6,957,242 
Gourmet Master Co. Ltd.689,000 3,827,708 
LandMark Optoelectronics Corp.397,000 4,071,335 
Merida Industry Co. Ltd.206,000 2,112,236 
Nien Made Enterprise Co. Ltd.368,000 5,158,202 
49,118,812 
United Kingdom — 13.9%
ASOS plc(1)
111,906 8,730,433 
boohoo Group plc(1)
807,856 3,791,113 
Dr. Martens plc(1)
928,086 6,379,709 
Electrocomponents plc765,892 10,347,449 
Endava plc, ADR(1)
88,948 7,867,451 
Fevertree Drinks plc143,190 4,541,142 



Future plc264,187 7,161,369 
Games Workshop Group plc24,593 3,273,696 
HomeServe plc52,486 760,989 
Howden Joinery Group plc(1)
704,872 6,820,222 
Intermediate Capital Group plc438,049 10,561,244 
IWG plc(1)
1,263,526 6,318,038 
JET2 plc(1)
268,554 5,439,654 
S4 Capital plc(1)
466,648 2,883,278 
Weir Group plc (The)(1)
314,416 8,670,883 
WH Smith plc(1)
248,955 6,622,371 
100,169,041 
TOTAL COMMON STOCKS
(Cost $542,581,192)
718,409,411
TEMPORARY CASH INVESTMENTS — 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $2,080,016)
2,080,0162,080,016
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3) — 0.5%
State Street Navigator Securities Lending Government Money Market Portfolio
(Cost $3,673,105)
3,673,1053,673,105
TOTAL INVESTMENT SECURITIES — 100.6%
(Cost $548,334,313)
724,162,532
OTHER ASSETS AND LIABILITIES — (0.6)%(4,452,220)
TOTAL NET ASSETS — 100.0%$719,710,312

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials28.2%
Information Technology21.1%
Consumer Discretionary18.2%
Materials6.7%
Financials5.9%
Health Care5.5%
Communication Services5.3%
Consumer Staples3.9%
Utilities2.1%
Real Estate1.9%
Energy1.0%
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
(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 $15,340,613. 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 $16,509,105, which includes securities collateral of $12,836,000.



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.

Open-end management investment companies are valued at the reported NAV 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 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 Stocks
Canada3,497,730 63,872,527 — 
China21,629,991 23,391,487 — 
Israel26,225,547 — — 
Panama4,062,173 — — 
United Kingdom7,867,451 92,301,590 — 
Other Countries— 475,560,915 — 
Temporary Cash Investments2,080,016 — — 
Temporary Cash Investments - Securities Lending Collateral3,673,105 — — 
69,036,013 655,126,519 — 
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.