NPORT-EX 2 acd2_internationalgrowth.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Growth Fund
August 31, 2022



International Growth - Schedule of Investments
AUGUST 31, 2022 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 96.3%
Australia — 4.5%
Atlassian Corp. PLC, Class A(1)
70,170 17,378,302 
CSL Ltd.339,910 67,987,983 
NEXTDC Ltd.(1)
2,622,548 18,534,641 
Xero Ltd.(1)
157,580 9,270,292 
113,171,218 
Belgium — 0.7%
KBC Group NV390,130 18,606,273 
Canada — 5.0%
Canadian Pacific Railway Ltd.589,730 44,148,364 
Element Fleet Management Corp.1,649,140 20,768,855 
First Quantum Minerals Ltd.759,720 13,443,402 
GFL Environmental, Inc.(2)
948,029 26,639,615 
Toronto-Dominion Bank304,000 19,556,828 
124,557,064 
China — 1.2%
Li Ning Co. Ltd.3,235,500 29,469,927 
Denmark — 3.8%
Novo Nordisk A/S, B Shares877,798 93,848,719 
Finland — 0.8%
Neste Oyj432,530 21,339,651 
France — 19.5%
Air Liquide SA329,152 41,246,978 
Airbus SE224,250 21,974,952 
Arkema SA114,250 9,645,172 
Bureau Veritas SA737,639 18,308,133 
Capgemini SE189,480 32,737,973 
Carrefour SA653,690 10,910,403 
Dassault Systemes SE663,920 25,602,864 
Edenred565,267 28,590,850 
EssilorLuxottica SA144,390 21,505,074 
L'Oreal SA86,070 29,560,243 
LVMH Moet Hennessy Louis Vuitton SE115,270 74,379,902 
Pernod Ricard SA178,430 32,739,834 
Safran SA103,410 10,543,113 
Sartorius Stedim Biotech57,160 20,906,920 
Schneider Electric SE356,360 42,356,005 
Teleperformance83,920 23,901,014 
Thales SA245,830 29,637,455 
Valeo669,730 12,792,983 
487,339,868 
Germany — 4.7%
Brenntag SE201,570 13,216,434 
Infineon Technologies AG720,531 17,630,576 
Mercedes-Benz Group AG374,190 20,979,220 
Puma SE360,030 22,006,320 
Symrise AG419,840 43,929,617 
117,762,167 



Hong Kong — 2.1%
AIA Group Ltd.5,499,200 52,909,103 
India — 0.7%
HDFC Bank Ltd.933,330 17,109,693 
Indonesia — 0.7%
Bank Central Asia Tbk PT32,590,800 17,997,384 
Ireland — 3.6%
CRH PLC664,030 24,521,034 
ICON PLC(1)
162,930 34,187,602 
Kerry Group PLC, A Shares292,120 30,123,920 
88,832,556 
Italy — 3.5%
Ferrari NV223,660 43,175,851 
Prysmian SpA720,290 22,100,478 
Tenaris SA1,620,340 22,165,419 
87,441,748 
Japan — 10.6%
BayCurrent Consulting, Inc.(2)
82,700 24,303,040 
Hoya Corp.267,900 27,319,575 
JMDC, Inc.423,800 20,134,122 
Keyence Corp.121,300 45,544,971 
Kobe Bussan Co. Ltd.1,192,200 30,359,851 
MonotaRO Co. Ltd.2,410,300 43,246,286 
Nintendo Co. Ltd.75,000 30,701,006 
Obic Co. Ltd.163,600 24,196,300 
Recruit Holdings Co. Ltd.581,900 18,498,946 
264,304,097 
Netherlands — 6.1%
Adyen NV(1)
22,832 35,233,077 
ASML Holding NV121,220 59,169,343 
Koninklijke DSM NV175,039 22,320,227 
Universal Music Group NV1,777,240 35,292,342 
152,014,989 
Spain — 4.2%
Amadeus IT Group SA(1)
275,840 14,561,421 
Cellnex Telecom SA1,046,726 40,762,355 
Iberdrola SA4,748,362 49,438,502 
104,762,278 
Sweden — 1.4%
Epiroc AB, A Shares968,490 14,818,686 
Hexagon AB, B Shares1,874,160 19,152,109 
33,970,795 
Switzerland — 6.8%
Alcon, Inc.532,539 35,063,936 
Lonza Group AG87,330 46,574,809 
On Holding AG, Class A(1)(2)
520,330 10,401,397 
Partners Group Holding AG8,350 8,059,866 
Sika AG133,609 30,061,316 
Zurich Insurance Group AG91,170 40,470,302 
170,631,626 
Taiwan — 0.6%
Taiwan Semiconductor Manufacturing Co. Ltd.897,000 14,683,694 
Thailand — 0.7%
Kasikornbank PCL3,960,300 16,687,273 



United Kingdom — 15.1%
Ashtead Group PLC497,030 24,418,007 
AstraZeneca PLC627,610 77,630,549 
Compass Group PLC1,830,000 39,365,229 
Halma PLC620,200 14,918,883 
HSBC Holdings PLC7,798,400 48,111,656 
London Stock Exchange Group PLC400,346 37,553,069 
NatWest Group PLC12,856,368 36,687,770 
Reckitt Benckiser Group PLC653,591 50,432,116 
Segro PLC2,143,670 23,393,822 
Whitbread PLC864,780 25,064,230 
377,575,331 
TOTAL COMMON STOCKS
(Cost $2,274,277,031)
2,405,015,454 
SHORT-TERM INVESTMENTS — 3.5%
Money Market Funds — 0.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class296,648 296,648 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
2,692,380 2,692,380 
2,989,028 
Repurchase Agreements — 3.4%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 1.50% - 4.75%, 11/30/28 - 2/15/41, valued at $14,187,652), in a joint trading account at 2.18%, dated 8/31/22, due 9/1/22 (Delivery value $13,869,868)13,869,028 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.625%, 8/15/30, valued at $70,752,372), at 2.23%, dated 8/31/22, due 9/1/22 (Delivery value $69,369,297)69,365,000 
83,234,028 
TOTAL SHORT-TERM INVESTMENTS
(Cost $86,223,056)
86,223,056 
TOTAL INVESTMENT SECURITIES — 99.8%
(Cost $2,360,500,087)
2,491,238,510 
OTHER ASSETS AND LIABILITIES — 0.2%
5,595,164 
TOTAL NET ASSETS — 100.0%
$2,496,833,674 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Health Care17.0%
Industrials15.3%
Information Technology15.1%
Financials13.3%
Consumer Discretionary12.0%
Materials7.5%
Consumer Staples7.3%
Communication Services4.2%
Utilities2.0%
Energy1.7%
Real Estate0.9%
Short-Term Investments3.5%
Other Assets and Liabilities0.2%

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 $5,564,808. 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 $5,871,720, which includes securities collateral of $3,179,340.



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 Stocks88,606,916 2,316,408,538 — 
Short-Term Investments2,989,028 83,234,028 — 
91,595,944 2,399,642,566 — 
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.