NPORT-EX 2 acd2_internationalgrowth.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Growth Fund
February 28, 2022



International Growth - Schedule of Investments
FEBRUARY 28, 2022 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 98.2%
Australia — 4.3%
Atlassian Corp. plc, Class A(1)
69,130 21,134,424 
CSL Ltd.145,390 27,642,132 
NEXTDC Ltd.(1)
899,127 7,033,401 
Xero Ltd.(1)
79,480 5,464,885 
61,274,842 
Austria — 1.1%
Erste Group Bank AG450,500 16,013,842 
Belgium — 1.5%
KBC Group NV290,510 20,930,354 
Canada — 5.8%
Canadian Pacific Railway Ltd.291,930 20,556,018 
First Quantum Minerals Ltd.378,200 11,090,883 
GFL Environmental, Inc.464,441 13,584,899 
Shopify, Inc., Class A(1)
16,520 11,468,464 
Toronto-Dominion Bank (The)325,760 26,286,969 
82,987,233 
China — 1.3%
Li Ning Co. Ltd.1,190,500 11,890,892 
Shenzhou International Group Holdings Ltd.411,200 6,906,765 
18,797,657 
Denmark — 2.9%
Novo Nordisk A/S, B Shares328,580 34,002,577 
Pandora A/S68,540 7,018,311 
41,020,888 
Finland — 0.6%
Neste Oyj215,080 8,386,963 
France — 18.6%
Air Liquide SA125,700 20,879,410 
Airbus SE(1)
111,150 14,191,528 
Arkema SA57,470 7,621,511 
Bureau Veritas SA312,920 8,947,267 
Capgemini SE117,900 24,679,951 
Dassault Systemes SE328,430 15,842,236 
Edenred253,121 11,518,237 
EssilorLuxottica SA56,070 9,788,152 
L'Oreal SA52,950 20,932,417 
LVMH Moet Hennessy Louis Vuitton SE54,890 40,338,933 
Pernod Ricard SA139,300 30,409,219 
Safran SA105,610 13,428,009 
Sartorius Stedim Biotech16,360 6,273,576 
Schneider Electric SE177,130 27,443,830 
Teleperformance41,110 15,254,362 
267,548,638 
Germany — 5.7%
Brenntag SE100,310 8,409,236 
Commerzbank AG(1)
1,207,540 10,091,550 
Infineon Technologies AG449,449 15,207,512 
Mercedes-Benz Group AG219,010 17,108,947 



Puma SE146,060 13,394,346 
Symrise AG144,440 17,180,639 
81,392,230 
Hong Kong — 1.5%
AIA Group Ltd.2,099,600 21,801,920 
India — 1.2%
HDFC Bank Ltd.902,290 17,127,953 
Indonesia — 0.6%
Bank Central Asia Tbk PT16,366,000 9,239,682 
Ireland — 4.2%
CRH plc499,440 22,703,657 
ICON plc(1)
80,580 19,178,846 
Ryanair Holdings plc, ADR(1)
188,820 18,827,242 
60,709,745 
Israel — 0.9%
Kornit Digital Ltd.(1)
140,355 13,309,865 
Italy — 2.0%
Ferrari NV79,990 17,188,919 
Prysmian SpA356,150 11,724,231 
28,913,150 
Japan — 11.8%
BayCurrent Consulting, Inc.33,400 13,356,439 
Food & Life Cos. Ltd.313,700 10,442,141 
Hoya Corp.134,400 17,508,107 
JSR Corp.291,600 9,173,100 
Keyence Corp.59,600 28,190,838 
Kobe Bussan Co. Ltd.400,400 13,257,165 
MonotaRO Co. Ltd.1,097,700 20,662,003 
Obic Co. Ltd.80,800 12,995,387 
Recruit Holdings Co. Ltd.345,600 14,587,841 
Sony Group Corp.289,400 29,568,632 
169,741,653 
Netherlands — 6.7%
Adyen NV(1)
11,198 23,339,681 
Akzo Nobel NV104,360 9,929,030 
ASML Holding NV53,920 36,073,762 
Koninklijke DSM NV67,833 12,736,597 
Universal Music Group NV601,860 13,741,985 
95,821,055 
Spain — 2.3%
Cellnex Telecom SA278,514 12,597,804 
Iberdrola SA1,759,754 19,965,438 
32,563,242 
Sweden — 1.9%
Epiroc AB, A Shares662,340 12,445,800 
Hexagon AB, B Shares1,113,500 15,043,022 
27,488,822 
Switzerland — 7.6%
Lonza Group AG(1)
37,760 26,126,213 
On Holding AG, Class A(1)
262,440 6,390,414 
Partners Group Holding AG16,520 22,331,547 
SIG Combibloc Group AG486,110 10,909,108 
Sika AG67,293 22,330,150 
Zurich Insurance Group AG45,120 20,709,900 
108,797,332 



Taiwan — 0.9%
Taiwan Semiconductor Manufacturing Co. Ltd.634,000 13,630,719 
Thailand — 0.5%
Kasikornbank PCL1,586,000 7,959,846 
United Kingdom — 14.3%
Ashtead Group plc183,520 11,925,473 
AstraZeneca plc366,730 44,574,685 
BT Group plc2,282,080 5,694,001 
Burberry Group plc525,580 13,626,285 
Compass Group plc251,390 5,682,181 
HSBC Holdings plc4,773,600 32,902,066 
London Stock Exchange Group plc140,280 12,254,392 
Natwest Group plc6,853,750 21,000,986 
Reckitt Benckiser Group plc322,064 27,271,445 
Segro plc794,530 13,817,708 
Whitbread plc(1)
423,320 16,524,426 
205,273,648 
TOTAL COMMON STOCKS
(Cost $1,124,980,617)
1,410,731,279 
SHORT-TERM INVESTMENTS — 1.3%
Money Market Funds
State Street Institutional U.S. Government Money Market Fund, Premier Class69,888 69,888 
Repurchase Agreements — 1.3%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.25% - 2.75%, 9/30/25 - 11/15/42, valued at $5,137,939) in a joint trading account at 0.03%, dated 2/28/22, due 3/1/22 (Delivery value $5,021,916)5,021,912 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.75%, 8/15/41, valued at $13,659,850) at 0.02%, dated 2/28/22, due 3/1/22 (Delivery value $13,392,007)13,392,000 
18,413,912 
TOTAL SHORT-TERM INVESTMENTS
(Cost $18,483,800)
18,483,800 
TOTAL INVESTMENT SECURITIES — 99.5%
(Cost $1,143,464,417)
1,429,215,079 
OTHER ASSETS AND LIABILITIES — 0.5%
6,987,692 
TOTAL NET ASSETS — 100.0%
$1,436,202,771 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Information Technology16.8%
Industrials16.6%
Financials16.6%
Consumer Discretionary14.2%
Health Care12.1%
Materials10.2%
Consumer Staples6.4%
Communication Services2.3%
Utilities1.4%
Real Estate1.0%
Energy0.6%
Short-Term Investments1.3%
Other Assets and Liabilities0.5%

NOTES TO SCHEDULE OF INVESTMENTS
ADR-American Depositary Receipt
Category is less than 0.05% of total net assets.
(1)Non-income producing.



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
Australia21,134,424 40,140,418 — 
Canada13,584,899 69,402,334 — 
Ireland38,006,088 22,703,657 — 
Israel13,309,865 — — 
Switzerland6,390,414 102,406,918 — 
Other Countries— 1,083,652,262 — 
Short-Term Investments69,888 18,413,912 — 
92,495,578 1,336,719,501 — 
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.