NPORT-EX 2 acd2_internationalgrowth.htm PART F Document

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



International Growth - Schedule of Investments
FEBRUARY 28, 2021 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.9%
Australia — 2.2%
Atlassian Corp. plc, Class A(1)
38,310 9,106,287 
CSL Ltd.123,160 24,927,231 
34,033,518 
Belgium — 1.6%
KBC Group NV(1)
354,240 25,471,289 
Brazil — 1.0%
Localiza Rent a Car SA457,200 4,748,053 
Magazine Luiza SA2,509,324 10,880,514 
15,628,567 
Canada — 4.2%
Canada Goose Holdings, Inc.(1)
292,720 13,120,186 
Canadian Pacific Railway Ltd.57,720 20,569,837 
First Quantum Minerals Ltd.721,000 15,540,649 
GFL Environmental, Inc.(2)
222,780 6,910,636 
Shopify, Inc., Class A(1)
6,580 8,524,786 
64,666,094 
China — 3.2%
Alibaba Group Holding Ltd., ADR(1)
34,030 8,090,973 
ANTA Sports Products Ltd.277,000 4,246,167 
GDS Holdings Ltd., ADR(1)
106,000 10,828,960 
Huazhu Group Ltd., ADR(1)
167,630 9,746,008 
Tencent Holdings Ltd.200,200 17,072,400 
49,984,508 
Denmark — 4.6%
Carlsberg A/S, B Shares116,900 18,385,794 
DSV Panalpina A/S69,972 12,832,254 
Novo Nordisk A/S, B Shares294,690 20,965,235 
Orsted AS45,230 7,300,401 
Vestas Wind Systems A/S64,470 12,055,303 
71,538,987 
Finland — 1.4%
Neste Oyj329,920 21,716,979 
France — 15.0%
Air Liquide SA133,310 20,052,309 
Airbus SE(1)
117,870 13,632,773 
Capgemini SE134,580 21,553,183 
Dassault Systemes SE69,660 14,444,394 
Edenred362,861 20,087,251 
Iliad SA44,160 7,810,301 
LVMH Moet Hennessy Louis Vuitton SE53,080 33,611,447 
Safran SA(1)
179,060 24,457,769 
Schneider Electric SE187,850 27,835,442 
Teleperformance57,590 20,362,257 
Valeo SA574,180 20,248,277 
Vivendi SE270,410 9,319,629 
233,415,032 
Germany — 7.4%
adidas AG(1)
17,560 6,095,849 



Brenntag SE76,950 5,963,344 
Daimler AG197,080 15,736,942 
Infineon Technologies AG781,159 33,893,502 
Knorr-Bremse AG149,438 19,013,943 
Muenchener Rueckversicherungs-Gesellschaft AG48,690 14,216,665 
Puma SE(1)
190,580 20,221,062 
115,141,307 
Hong Kong — 3.5%
AIA Group Ltd.2,358,800 29,525,948 
Sands China Ltd.(1)
1,603,200 7,582,101 
Techtronic Industries Co. Ltd.1,149,500 17,514,592 
54,622,641 
India — 1.3%
HDFC Bank Ltd.(1)
956,890 19,939,716 
Indonesia — 0.6%
Bank Central Asia Tbk PT4,003,300 9,441,270 
Ireland — 2.8%
ICON plc(1)
51,240 9,258,043 
Kerry Group plc, A Shares130,910 15,783,252 
Ryanair Holdings plc, ADR(1)
174,480 18,760,090 
43,801,385 
Israel — 0.2%
Kornit Digital Ltd.(1)
27,020 3,056,773 
Italy — 2.6%
Ferrari NV71,300 13,811,871 
Prysmian SpA180,570 5,782,373 
Stellantis NV(1)
1,309,322 21,206,742 
40,800,986 
Japan — 13.4%
FANUC Corp.109,300 27,277,932 
Hoya Corp.142,300 16,152,072 
Keyence Corp.49,300 23,579,167 
Kobe Bussan Co. Ltd.265,200 6,803,962 
MonotaRO Co. Ltd.274,800 15,775,846 
Obic Co. Ltd.85,600 14,436,543 
Olympus Corp.563,900 11,871,848 
Pan Pacific International Holdings Corp.609,400 14,373,833 
Recruit Holdings Co. Ltd.691,400 34,635,692 
Sony Corp.258,300 27,149,590 
Terumo Corp.342,800 12,789,440 
Workman Co. Ltd.49,900 3,744,634 
208,590,559 
Mexico — 0.7%
Cemex SAB de CV, ADR(1)
1,714,010 11,329,606 
Netherlands — 4.0%
Adyen NV(1)
11,508 26,567,103 
ASML Holding NV64,380 36,249,592 
62,816,695 
Singapore — 0.8%
Sea Ltd., ADR(1)
53,760 12,670,694 
Spain — 4.6%
Amadeus IT Group SA(1)
303,943 21,078,389 
CaixaBank SA3,595,720 10,438,321 
Cellnex Telecom SA295,009 16,032,888 



Iberdrola SA1,866,234 23,430,063 
70,979,661 
Sweden — 4.8%
Atlas Copco AB, A Shares296,640 16,930,796 
Epiroc AB, A Shares568,520 12,062,680 
Hexagon AB, B Shares291,570 24,290,190 
Telefonaktiebolaget LM Ericsson, B Shares1,756,530 21,954,667 
75,238,333 
Switzerland — 6.0%
Lonza Group AG
36,410 22,939,509 
Novartis AG108,860 9,355,650 
Partners Group Holding AG15,550 18,622,785 
Sika AG71,353 18,810,384 
Zur Rose Group AG(1)
18,920 8,920,201 
Zurich Insurance Group AG(1)
36,940 15,062,628 
93,711,157 
Taiwan — 1.2%
Taiwan Semiconductor Manufacturing Co. Ltd.837,000 18,289,712 
Thailand — 0.5%
Kasikornbank PCL, NVDR1,586,000 7,236,316 
United Kingdom — 12.3%
Ashtead Group plc359,970 19,453,499 
ASOS plc(1)
329,494 25,705,728 
Associated British Foods plc(1)
409,830 13,517,461 
AstraZeneca plc250,700 24,265,535 
Carnival plc(1)
499,110 11,062,410 
Ferguson plc102,480 12,006,993 
Halma plc223,020 7,041,561 
HSBC Holdings plc(1)
3,758,400 22,963,179 
London Stock Exchange Group plc203,790 27,299,229 
Ocado Group plc(1)
169,409 5,191,244 
Whitbread plc(1)
468,750 22,109,548 
190,616,387 
TOTAL COMMON STOCKS
(Cost $979,513,402)
1,554,738,172
TEMPORARY CASH INVESTMENTS — 0.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $1,338,516)
1,338,5161,338,516
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3)†
State Street Navigator Securities Lending Government Money Market Portfolio
(Cost $15,875)
15,87515,875
TOTAL INVESTMENT SECURITIES — 100.0%
(Cost $980,867,793)
1,556,092,563
OTHER ASSETS AND LIABILITIES
522,653
TOTAL NET ASSETS — 100.0%$1,556,615,216




MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials22.7%
Information Technology20.1%
Consumer Discretionary18.7%
Financials12.9%
Health Care9.8%
Materials4.2%
Consumer Staples4.1%
Communication Services4.0%
Utilities2.0%
Energy1.4%
Cash and Equivalents*0.1%
*Includes temporary cash investments, temporary cash investments - securities lending collateral and other assets and liabilities.

NOTES TO SCHEDULE OF INVESTMENTS
ADR-American Depositary Receipt
NVDR-Non-Voting Depositary Receipt
Category is less than 0.05% of total net assets.
(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 $15,510. 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 $15,875.



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
Australia9,106,287 24,927,231 — 
Canada6,910,636 57,755,458 — 
China28,665,941 21,318,567 — 
Ireland28,018,133 15,783,252 — 
Israel3,056,773 — — 
Mexico11,329,606 — — 
Singapore12,670,694 — — 
Other Countries— 1,335,195,594 — 
Temporary Cash Investments1,338,516 — — 
Temporary Cash Investments - Securities Lending Collateral15,875 — — 
101,112,461 1,454,980,102 — 
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.