NPORT-EX 2 acd2_internationalgrowth.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
International Growth Fund
August 31, 2023



International Growth Fund - Schedule of Investments
AUGUST 31, 2023 (UNAUDITED)
Shares
Value ($)
COMMON STOCKS — 97.1%
Australia — 3.1%
CSL Ltd.
206,500 36,467,675 
James Hardie Industries PLC(1)
646,590 19,434,716 
NEXTDC Ltd.(1)
3,327,570 29,083,051 
84,985,442 
Belgium — 0.7%
KBC Group NV
285,060 18,702,811 
Canada — 4.6%
Aritzia, Inc.(1)(2)
568,920 10,441,989 
Canadian Pacific Kansas City Ltd.
574,420 45,598,201 
Element Fleet Management Corp.
1,621,080 24,918,466 
First Quantum Minerals Ltd.
752,870 20,225,859 
GFL Environmental, Inc.
839,556 27,201,615 
128,386,130 
China — 1.3%
H World Group Ltd., ADR(1)
421,060 16,960,297 
Li Ning Co. Ltd.
1,615,500 7,635,345 
Tencent Holdings Ltd.
287,300 11,905,808 
36,501,450 
Denmark — 4.8%
Novo Nordisk A/S, B Shares
713,668 131,638,718 
France — 18.2%
Air Liquide SA
320,602 57,925,143 
Airbus SE
251,320 36,769,878 
Arkema SA
265,060 27,698,520 
Bureau Veritas SA
742,119 19,879,974 
Edenred611,657 38,976,805 
EssilorLuxottica SA
71,830 13,500,940 
Hermes International
10,430 21,451,231 
L'Oreal SA
83,820 36,816,436 
LVMH Moet Hennessy Louis Vuitton SE
112,830 95,415,520 
Pernod Ricard SA
117,020 22,965,602 
Publicis Groupe SA
192,910 15,052,375 
Safran SA
182,130 29,189,095 
Schneider Electric SE
287,280 49,242,172 
Thales SA
123,410 17,996,811 
Valeo SA
1,079,190 20,977,602 
503,858,104 
Germany — 6.8%
adidas AG
110,030 21,958,685 
Hugo Boss AG
406,480 30,599,964 
Infineon Technologies AG
957,821 34,228,385 
Mercedes-Benz Group AG
319,110 23,350,805 
Puma SE
212,890 14,267,582 
SAP SE
281,180 39,225,860 
Symrise AG
239,930 25,011,472 
188,642,753 
Hong Kong — 3.1%
AIA Group Ltd.
5,862,000 53,040,852 
Hong Kong Exchanges & Clearing Ltd.
331,800 12,859,968 



Techtronic Industries Co. Ltd.
2,040,000 20,119,877 
86,020,697 
India — 0.6%
HDFC Bank Ltd.
939,000 17,780,873 
Indonesia — 0.7%
Bank Central Asia Tbk PT
32,789,000 19,739,152 
Ireland — 3.9%
Bank of Ireland Group PLC
1,446,330 14,402,218 
CRH PLC
507,000 29,169,562 
ICON PLC(1)
108,920 28,312,665 
Kerry Group PLC, A Shares
384,390 35,863,636 
107,748,081 
Italy — 3.0%
Ferrari NV
196,680 62,359,778 
Prysmian SpA
480,000 19,611,109 
81,970,887 
Japan — 12.8%
BayCurrent Consulting, Inc.
1,105,200 37,988,655 
Fast Retailing Co. Ltd.
149,900 34,388,744 
Hoya Corp.
263,500 29,235,565 
JMDC, Inc.
462,500 13,831,780 
Keyence Corp.
130,000 53,972,293 
Kobe Bussan Co. Ltd.
863,300 21,508,429 
MonotaRO Co. Ltd.
1,349,700 15,940,325 
Murata Manufacturing Co. Ltd.
496,700 27,787,025 
Nidec Corp.
203,000 10,562,995 
Obic Co. Ltd.
161,000 27,992,742 
Pan Pacific International Holdings Corp.
553,900 11,036,555 
Seven & i Holdings Co. Ltd.(2)
443,900 18,213,728 
Sumitomo Mitsui Financial Group, Inc.
675,000 30,858,612 
Terumo Corp.
657,000 19,879,143 
353,196,591 
Netherlands — 5.4%
Adyen NV(1)
15,315 12,788,352 
ASML Holding NV
130,230 85,629,884 
DSM-Firmenich AG
305,659 28,273,749 
Heineken NV
217,830 21,175,349 
147,867,334 
Norway — 1.0%
Seadrill Ltd.(1)
553,430 26,924,370 
Spain — 3.6%
Cellnex Telecom SA(1)
1,019,566 38,993,770 
Grifols SA(1)
1,100,560 15,077,504 
Iberdrola SA
3,880,272 46,030,631 
100,101,905 
Sweden — 0.7%
Epiroc AB, A Shares
1,006,060 19,301,647 
Switzerland — 7.2%
Alcon, Inc.
431,999 36,054,428 
Julius Baer Group Ltd.
393,600 27,319,544 
Lonza Group AG
80,500 44,403,084 
On Holding AG, Class A(1)
903,260 26,040,986 
Sika AG
130,139 36,774,967 
Zurich Insurance Group AG
60,710 28,466,489 
199,059,498 



Taiwan — 0.7%
Taiwan Semiconductor Manufacturing Co. Ltd.
1,165,000 20,018,138 
United Kingdom — 14.9%
Ashtead Group PLC
321,020 22,393,798 
AstraZeneca PLC
609,010 81,803,810 
BP PLC
4,031,100 24,909,311 
Compass Group PLC
868,990 21,913,069 
Haleon PLC
6,200,020 25,386,238 
Halma PLC
503,930 13,660,741 
HSBC Holdings PLC
6,190,000 46,295,129 
London Stock Exchange Group PLC
542,015 56,073,686 
Melrose Industries PLC
3,423,760 22,143,175 
Reckitt Benckiser Group PLC
539,831 38,957,255 
Rentokil Initial PLC
2,879,230 21,920,921 
Segro PLC
1,115,230 10,396,469 
Whitbread PLC
573,526 24,944,646 
410,798,248 
TOTAL COMMON STOCKS
(Cost $2,176,438,550)
2,683,242,829 
SHORT-TERM INVESTMENTS — 2.5%
Money Market Funds
State Street Institutional U.S. Government Money Market Fund, Premier Class
95,021 95,021 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
45,915 45,915 
140,936 
Repurchase Agreements — 2.5%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.375% - 3.00%, 5/15/47 - 5/15/51, valued at $11,853,301), in a joint trading account at 5.25%, dated 8/31/23, due 9/1/23 (Delivery value $11,613,104)
11,611,411 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.250%, 12/31/26, valued at $59,021,296), at 5.28%, dated 8/31/23, due 9/1/23 (Delivery value $57,872,487)
57,864,000 
69,475,411 
TOTAL SHORT-TERM INVESTMENTS
(Cost $69,616,347)
69,616,347 
TOTAL INVESTMENT SECURITIES — 99.6%
(Cost $2,246,054,897)
2,752,859,176 
OTHER ASSETS AND LIABILITIES — 0.4%
12,433,643 
TOTAL NET ASSETS — 100.0%
$2,765,292,819 

MARKET SECTOR DIVERSIFICATION
(as a % of net assets)
Health Care16.3%
Consumer Discretionary16.2%
Industrials15.1%
Financials14.5%
Information Technology11.9%
Materials8.8%
Consumer Staples8.0%
Communication Services2.3%
Energy1.9%
Utilities1.7%
Real Estate0.4%
Short-Term Investments2.5%
Other Assets and Liabilities0.4%




NOTES TO SCHEDULE OF INVESTMENTS
ADRAmerican 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 $17,892,215. 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 $18,877,919, which includes securities collateral of $18,832,004.



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 1Level 2Level 3
Assets
Investment Securities
Common Stocks$125,439,933 $2,557,802,896 — 
Short-Term Investments140,936 69,475,411 — 
$125,580,869 $2,627,278,307 — 
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.