NPORT-EX 2 acd3_intlopportunities.htm PART F Document

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



International Opportunities - Schedule of Investments
FEBRUARY 28, 2023 (UNAUDITED) 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 98.5%
Australia — 6.9%
Allkem Ltd.(1)
270,263 2,054,514 
ALS Ltd.
577,802 4,916,280 
Altium Ltd.
117,322 3,078,911 
carsales.com Ltd.
158,125 2,405,558 
Champion Iron Ltd.
487,974 2,403,344 
IDP Education Ltd.
258,293 4,967,283 
Johns Lyng Group Ltd.(2)
121,224 506,315 
Lynas Rare Earths Ltd.(1)
288,550 1,584,717 
NEXTDC Ltd.(1)
695,018 4,781,992 
Pinnacle Investment Management Group Ltd.(2)
539,000 3,326,359 
Steadfast Group Ltd.
743,671 2,910,978 
32,936,251 
Belgium — 0.6%
Euronav NV
150,904 2,763,407 
Brazil — 1.0%
Cia Brasileira de Aluminio
1,385,300 2,751,840 
TOTVS SA
426,300 2,233,506 
4,985,346 
Canada — 13.9%
Alamos Gold, Inc., Class A
438,214 4,467,246 
Altus Group Ltd.
70,600 3,156,174 
Aritzia, Inc.(1)
139,191 4,237,445 
ATS Corp.(1)(2)
71,954 2,902,944 
Boyd Group Services, Inc.
23,094 3,653,743 
Brookfield Infrastructure Corp., Class A(2)
135,582 5,858,498 
Capstone Copper Corp.(1)(2)
1,167,468 5,193,500 
Descartes Systems Group, Inc.(1)
60,667 4,474,553 
ERO Copper Corp.(1)
180,698 2,833,959 
Finning International, Inc.
223,539 5,669,978 
Interfor Corp.(1)
98,296 1,654,715 
Kinaxis, Inc.(1)
38,124 4,430,431 
Pet Valu Holdings Ltd.
89,486 2,804,922 
Secure Energy Services, Inc.
505,416 3,178,065 
Stantec, Inc.(2)
135,622 7,877,904 
SunOpta, Inc.(1)
321,959 2,472,645 
Whitecap Resources, Inc.(2)
197,303 1,512,488 
66,379,210 
China — 4.5%
Bosideng International Holdings Ltd.
6,392,000 3,545,784 
China Yongda Automobiles Services Holdings Ltd.
2,824,000 2,183,087 
Kanzhun Ltd., ADR(1)
218,105 4,394,816 
Poly Property Services Co. Ltd., Class H(2)
698,800 4,237,534 
Tongcheng Travel Holdings Ltd.(1)
1,992,400 3,954,869 
Xtep International Holdings Ltd.
2,964,000 3,352,673 
21,668,763 
Denmark — 2.0%
Jyske Bank A/S(1)
72,100 6,039,141 



NKT A/S(1)
78,031 3,619,049 
9,658,190 
Finland — 2.4%
Huhtamaki Oyj
82,339 2,906,816 
Metso Outotec Oyj
450,031 4,787,783 
QT Group Oyj(1)
3,462 257,129 
Valmet Oyj(2)
108,703 3,587,114 
11,538,842 
France — 3.6%
Alten SA
32,604 5,088,391 
Elis SA
375,439 6,733,447 
OVH Groupe SAS(1)(2)
161,444 2,431,383 
SOITEC(1)
20,406 3,036,504 
17,289,725 
Germany — 2.0%
AIXTRON SE
94,524 2,899,095 
HUGO BOSS AG
62,720 4,289,688 
KION Group AG
57,787 2,263,283 
9,452,066 
Hong Kong — 1.2%
Samsonite International SA(1)
1,981,200 5,560,090 
India — 5.3%
Max Healthcare Institute Ltd.(1)
921,765 4,747,937 
Persistent Systems Ltd.
62,762 3,634,629 
Prestige Estates Projects Ltd.
501,103 2,458,645 
PVR Ltd.(1)
124,654 2,286,962 
Varun Beverages Ltd.
258,634 4,065,969 
WNS Holdings Ltd., ADR(1)
94,299 8,196,469 
25,390,611 
Israel — 2.7%
CyberArk Software Ltd.(1)
18,939 2,741,799 
Inmode Ltd.(1)
149,567 5,281,211 
Nova Ltd.(1)
52,117 4,720,758 
12,743,768 
Italy — 2.1%
Banca Generali SpA
132,434 4,576,821 
Brembo SpA
351,058 5,535,322 
10,112,143 
Japan — 17.7%
Asics Corp.
283,300 7,173,104 
BayCurrent Consulting, Inc.(2)
117,100 4,597,071 
Food & Life Cos. Ltd.
26,600 673,158 
GMO Financial Gate, Inc.
50,300 3,278,725 
IHI Corp.
139,700 3,627,855 
Insource Co. Ltd.
219,800 1,996,244 
Internet Initiative Japan, Inc.
300,500 6,019,287 
Invincible Investment Corp.
12,932 5,211,757 
Japan Airport Terminal Co. Ltd.(1)
89,000 4,357,908 
JMDC, Inc.
68,000 2,146,990 
Kotobuki Spirits Co. Ltd.
71,600 4,602,201 
MatsukiyoCocokara & Co.
83,900 3,898,925 
Menicon Co. Ltd.(2)
94,600 2,026,866 
m-up Holdings, Inc.(2)
386,500 3,001,611 
Nagoya Railroad Co. Ltd.
91,400 1,387,242 



Nextage Co. Ltd.(2)
135,900 3,055,592 
Nippon Gas Co. Ltd.
210,500 2,940,647 
Rohto Pharmaceutical Co. Ltd.
212,200 3,857,552 
Socionext, Inc.(1)
38,000 2,689,088 
Taiyo Yuden Co. Ltd.(2)
111,900 3,388,555 
TechnoPro Holdings, Inc.
74,600 1,892,906 
Tokyo Ohka Kogyo Co. Ltd.
83,800 4,423,331 
Toyo Suisan Kaisha Ltd.
89,400 3,616,770 
Visional, Inc.(1)
60,100 4,026,632 
West Holdings Corp.(2)
37,200 915,599 
84,805,616 
Mexico — 1.8%
Grupo Aeroportuario del Centro Norte SAB de CV
328,844 3,144,206 
Regional SAB de CV
663,660 5,506,167 
8,650,373 
Netherlands — 2.0%
AMG Advanced Metallurgical Group NV
119,495 4,705,091 
ASR Nederland NV
26,275 1,195,797 
Basic-Fit NV(1)(2)
107,549 3,768,390 
9,669,278 
New Zealand — 0.9%
a2 Milk Co. Ltd.(1)
991,943 4,409,056 
Norway — 1.0%
TGS ASA
261,363 4,704,706 
South Africa — 1.0%
Bidvest Group Ltd.
378,268 4,823,618 
South Korea — 2.1%
AfreecaTV Co. Ltd.
30,296 2,042,110 
JYP Entertainment Corp.(1)
80,124 4,758,876 
L&F Co. Ltd.
16,336 3,232,363 
10,033,349 
Sweden — 7.0%
AddTech AB, B Shares
208,120 3,724,910 
Avanza Bank Holding AB(2)
142,848 3,778,011 
Fortnox AB
544,171 3,229,096 
Hexatronic Group AB
319,372 3,719,045 
Saab AB, B Shares
181,934 10,499,418 
Trelleborg AB, B Shares
190,208 4,902,518 
Vitrolife AB
172,104 3,455,659 
33,308,657 
Switzerland — 0.7%
Tecan Group AG
8,477 3,426,015 
Taiwan — 4.7%
Airtac International Group
144,131 5,031,292 
ASPEED Technology, Inc.
44,700 4,017,752 
E Ink Holdings, Inc.
424,000 2,683,036 
Pegavision Corp.
344,000 5,048,032 
Sinbon Electronics Co. Ltd.
559,000 5,442,094 
22,222,206 
Thailand — 1.9%
Bangkok Bank PCL, NVDR
1,017,200 4,704,930 
Central Retail Corp. PCL, NVDR
3,318,300 4,198,654 
8,903,584 
United Kingdom — 9.5%
Abcam PLC, ADR(1)
173,051 2,493,665 



B&M European Value Retail SA
545,383 3,223,940 
ConvaTec Group PLC
1,911,927 5,161,153 
Diploma PLC
134,028 4,478,240 
Endava PLC, ADR(1)
48,823 3,883,381 
Golar LNG Ltd.(1)
107,642 2,457,467 
Greggs PLC
128,577 4,199,024 
Intermediate Capital Group PLC
238,331 4,012,306 
RS GROUP PLC
213,224 2,507,095 
Tate & Lyle PLC
274,161 2,645,033 
Watches of Switzerland Group PLC(1)
443,071 4,432,660 
WH Smith PLC
188,791 3,596,044 
Wise PLC, Class A(1)
324,021 2,273,902 
45,363,910 
TOTAL COMMON STOCKS
(Cost $440,063,993)
470,798,780 
EXCHANGE-TRADED FUNDS — 0.1%
Schwab International Small-Cap Equity ETF(2)
(Cost $432,670)
13,918 464,026 
SHORT-TERM INVESTMENTS — 4.4%
Money Market Funds — 2.9%
State Street Institutional U.S. Government Money Market Fund, Premier Class
9,514 9,514 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
13,764,983 13,764,983 
13,774,497 
Repurchase Agreements — 1.5%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.50% - 4.375%, 12/15/24 - 11/15/39, valued at $1,806,669), in a joint trading account at 4.44%, dated 2/28/23, due 3/1/23 (Delivery value $1,774,288)
1,774,069 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.25%, 07/15/29, valued at $5,633,524), at 4.53%, dated 2/28/23, due 3/1/23 (Delivery value $5,523,695)
5,523,000 
7,297,069 
TOTAL SHORT-TERM INVESTMENTS
(Cost $21,071,566)
21,071,566 
TOTAL INVESTMENT SECURITIES — 103.0%
(Cost $461,568,229)
492,334,372 
OTHER ASSETS AND LIABILITIES — (3.0)%
(14,358,219)
TOTAL NET ASSETS — 100.0%
$477,976,153 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Industrials23.3%
Information Technology
18.7%
Consumer Discretionary
15.8%
Financials7.4%
Materials7.2%
Health Care
7.0%
Consumer Staples
6.2%
Communication Services
4.6%
Real Estate
3.2%
Energy3.1%
Utilities2.0%
Exchange-Traded Funds
0.1%
Short-Term Investments
4.4%
Other Assets and Liabilities
(3.0)%




NOTES TO SCHEDULE OF INVESTMENTS
ADR
American Depositary Receipt
NVDR
Non-Voting 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 $34,666,531. 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 $36,708,441, which includes securities collateral of $22,943,458.



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.

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 1
Level 2
Level 3
Assets
Investment Securities
Common Stocks
Canada$8,331,143 $58,048,067 — 
China4,394,816 17,273,947 — 
India8,196,469 17,194,142 — 
Israel12,743,768 — — 
United Kingdom
8,834,513 36,529,397 — 
Other Countries
— 299,252,518 — 
Exchange-Traded Funds
464,026 — — 
Short-Term Investments
13,774,497 7,297,069 — 
$56,739,232 $435,595,140 — 
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.