NPORT-EX 2 acd4_internationalvalue.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Value Fund
February 28, 2023



International Value - Schedule of Investments
FEBRUARY 28, 2023 (UNAUDITED)
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 101.5%
Australia — 6.7%
ANZ Group Holdings Ltd.
909,665 15,047,195 
BHP Group Ltd.
998,839 30,229,903 
BlueScope Steel Ltd.
330,123 4,223,822 
Fortescue Metals Group Ltd.
909,333 13,030,666 
Origin Energy Ltd.
1,481,187 7,945,722 
Sonic Healthcare Ltd.
473,331 10,239,627 
South32 Ltd.
4,103,671 11,922,907 
Westpac Banking Corp.
107,598 1,627,035 
94,266,877 
Austria — 2.3%
Erste Group Bank AG
462,671 18,161,221 
OMV AG
285,150 13,888,935 
32,050,156 
Belgium — 0.2%
UCB SA
36,779 3,161,827 
Canada — 3.6%
Cenovus Energy, Inc.
268,488 4,950,647 
Great-West Lifeco, Inc.(1)
418,577 11,420,756 
Manulife Financial Corp.(1)
662,243 13,094,405 
Power Corp. of Canada
390,326 10,418,229 
Restaurant Brands International, Inc.
161,476 10,419,906 
50,303,943 
Denmark — 1.1%
AP Moller - Maersk A/S, B Shares
6,810 15,862,857 
Finland — 0.3%
Nokia Oyj
844,663 3,907,874 
France — 11.1%
AXA SA
251,285 7,918,358 
BNP Paribas SA
318,048 22,235,097 
Cie de Saint-Gobain
331,055 19,672,159 
Credit Agricole SA
1,333,120 16,247,426 
Engie SA
462,076 6,743,246 
Euroapi SA(2)
1,165 19,083 
L'Oreal SA
8,906 3,520,300 
Publicis Groupe SA
159,540 12,665,425 
Safran SA
20,903 2,951,531 
Sanofi107,691 10,068,919 
Societe Generale SA
428,013 12,335,141 
Sodexo SA
104,692 9,696,332 
TotalEnergies SE
510,226 31,483,060 
155,556,077 
Germany — 8.9%
Allianz SE
133,775 31,412,158 
BASF SE
178,800 9,154,964 
Commerzbank AG(2)
512,038 6,239,434 
Deutsche Post AG
275,417 11,647,640 
E.ON SE
1,483,658 16,187,985 
Henkel AG & Co. KGaA, Preference Shares
78,364 5,700,848 



Mercedes-Benz Group AG
47,278 3,623,514 
Siemens AG
179,997 27,430,065 
Volkswagen AG, Preference Shares
94,014 12,797,712 
124,194,320 
Hong Kong — 4.1%
CK Asset Holdings Ltd.
2,265,000 14,206,151 
Hongkong Land Holdings Ltd.
778,400 3,560,841 
Power Assets Holdings Ltd.
2,034,500 10,882,082 
Sun Hung Kai Properties Ltd.
1,281,000 17,506,670 
Swire Pacific Ltd., Class A
331,000 2,701,194 
WH Group Ltd.
13,392,500 7,793,483 
56,650,421 
Ireland — 0.5%
CRH PLC
137,240 6,446,639 
Israel — 0.7%
Bank Leumi Le-Israel BM
108,675 844,896 
ICL Group Ltd.
1,180,170 8,564,923 
9,409,819 
Italy — 5.6%
Assicurazioni Generali SpA
967,160 19,129,814 
Eni SpA
1,078,235 15,229,015 
Intesa Sanpaolo SpA
9,295,801 25,110,593 
Mediobanca Banca di Credito Finanziario SpA
204,250 2,179,657 
Stellantis NV
975,886 17,072,420 
78,721,499 
Japan — 17.9%
AGC, Inc.
64,100 2,371,487 
Astellas Pharma, Inc.
508,000 7,133,628 
Canon, Inc.(1)
796,600 17,144,620 
Honda Motor Co. Ltd.
227,500 5,915,723 
INPEX Corp.
1,419,200 14,879,441 
ITOCHU Corp.(1)
621,900 18,589,011 
Japan Post Bank Co. Ltd.(1)
465,300 4,019,595 
Japan Post Insurance Co. Ltd.
256,300 4,449,964 
KDDI Corp.
62,400 1,825,691 
Lixil Corp.
127,900 2,039,015 
Marubeni Corp.
963,000 12,293,713 
Mitsubishi Corp.
602,700 20,474,356 
Mitsubishi Electric Corp.
428,800 4,818,518 
Mitsubishi UFJ Financial Group, Inc.
2,664,200 18,887,826 
Mitsui & Co. Ltd.
466,700 13,098,339 
Mizuho Financial Group, Inc.
504,000 7,855,995 
MS&AD Insurance Group Holdings, Inc.
190,900 6,247,035 
Nippon Yusen KK(1)
190,700 4,956,862 
Otsuka Holdings Co. Ltd.
153,600 4,653,455 
SoftBank Group Corp.
128,100 5,180,526 
Sompo Holdings, Inc.
109,200 4,688,075 
Sumitomo Chemical Co. Ltd.(1)
1,590,000 5,571,351 
Sumitomo Mitsui Financial Group, Inc.(1)
554,300 24,208,403 
Takeda Pharmaceutical Co. Ltd.
767,700 23,663,795 
Tokyo Gas Co. Ltd.
180,100 3,473,668 
Toyota Motor Corp.
889,500 12,123,499 
250,563,591 
Netherlands — 5.6%
ABN AMRO Bank NV, CVA
103,813 1,831,902 



Aegon NV
970,544 5,049,969 
Coca-Cola Europacific Partners PLC
196,044 10,782,420 
ING Groep NV
1,410,083 19,734,274 
Koninklijke Ahold Delhaize NV
695,209 22,074,186 
NN Group NV
230,557 9,332,153 
Randstad NV
159,538 9,789,279 
78,594,183 
Norway — 0.6%
Aker BP ASA
192,464 5,165,854 
Equinor ASA
33,928 1,038,650 
Telenor ASA
199,929 2,241,772 
8,446,276 
Singapore — 0.3%
Singapore Telecommunications Ltd.
1,997,500 3,509,362 
Spain — 3.2%
Banco Bilbao Vizcaya Argentaria SA
1,034,939 8,044,609 
Banco Santander SA
2,419,433 9,526,286 
CaixaBank SA
582,107 2,499,491 
Endesa SA
577,468 11,324,156 
Iberdrola SA
144,851 1,660,487 
Industria de Diseno Textil SA
394,432 12,151,159 
45,206,188 
Sweden — 2.0%
H & M Hennes & Mauritz AB, B Shares(1)
1,155,576 14,560,702 
Investor AB, B Shares
175,802 3,395,856 
Swedbank AB, A Shares
254,609 5,202,305 
Telia Co. AB
939,483 2,426,105 
Volvo AB, B Shares
105,962 2,120,207 
27,705,175 
Switzerland — 4.4%
Adecco Group AG
95,101 3,390,948 
Holcim AG(2)
191,557 11,823,857 
Kuehne + Nagel International AG
37,546 9,613,175 
Novartis AG
305,439 25,705,782 
Roche Holding AG
31,750 9,154,759 
Swiss Re AG
22,477 2,348,119 
62,036,640 
Taiwan — 0.3%
Taiwan Semiconductor Manufacturing Co. Ltd.
259,000 4,284,868 
United Kingdom — 21.8%
3i Group PLC
204,745 4,005,680 
Anglo American PLC
566,302 19,568,402 
Associated British Foods PLC
173,540 4,183,321 
Aviva PLC
1,921,766 10,324,514 
Barclays PLC
9,146,136 19,193,960 
Barratt Developments PLC
2,423,333 13,625,129 
BP PLC
5,011,646 32,934,172 
GSK PLC
994,530 17,037,210 
Haleon PLC(2)
1,391,165 5,383,328 
HSBC Holdings PLC
3,049,986 23,363,032 
J Sainsbury PLC
4,162,292 13,423,648 
Kingfisher PLC
3,301,976 11,419,411 
Legal & General Group PLC
3,911,576 12,040,217 
Lloyds Banking Group PLC
5,839,381 3,687,743 
NatWest Group PLC
1,657,486 5,822,650 



Persimmon PLC
209,604 3,655,215 
Rio Tinto PLC
345,097 23,682,122 
Shell PLC
864,579 26,186,693 
Standard Chartered PLC
783,057 7,409,439 
Tesco PLC
5,059,604 15,499,505 
Unilever PLC
375,623 18,701,322 
Vodafone Group PLC
12,020,648 14,393,216 
305,539,929 
United States — 0.3%
NXP Semiconductors NV
19,663 3,509,452 
TOTAL COMMON STOCKS
(Cost $1,285,221,800)
1,419,927,973 
SHORT-TERM INVESTMENTS — 1.3%
Money Market Funds — 1.1%
State Street Institutional U.S. Government Money Market Fund, Premier Class
3,867 3,867 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
15,457,251 15,457,251 
15,461,118 
Repurchase Agreements — 0.2%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.50% - 4.375%, 12/15/24 - 11/15/39, valued at $695,845), in a joint trading account at 4.44%, dated 2/28/23, due 3/1/23 (Delivery value $683,373)
683,289 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.875%, 11/30/29, valued at $2,169,572), at 4.53%, dated 2/28/23, due 3/1/23 (Delivery value $2,127,268)
2,127,000 
2,810,289 
TOTAL SHORT-TERM INVESTMENTS
(Cost $18,271,407)
18,271,407 
TOTAL INVESTMENT SECURITIES — 102.8%
(Cost $1,303,493,207)
1,438,199,380 
OTHER ASSETS AND LIABILITIES — (2.8)%
(38,771,097)
TOTAL NET ASSETS — 100.0%
$1,399,428,283 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Financials31.2%
Industrials12.9%
Energy10.5%
Materials10.3%
Consumer Discretionary9.1%
Health Care7.8%
Consumer Staples7.6%
Utilities4.3%
Communication Services3.0%
Real Estate2.7%
Information Technology2.1%
Short-Term Investments1.3%
Other Assets and Liabilities(2.8)%

NOTES TO SCHEDULE OF INVESTMENTS
CVACertificaten Van Aandelen
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $30,144,475. 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.
(2)Non-income producing.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $31,724,313, which includes securities collateral of $16,267,062.



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 value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually.

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. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee 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; regulatory news, 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 valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee 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 1Level 2Level 3
Assets
Investment Securities
Common Stocks$14,291,872 $1,405,636,101 — 
Short-Term Investments15,461,118 2,810,289 — 
$29,752,990 $1,408,446,390 — 
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.