American Century Investments®
Quarterly Portfolio Holdings
NT International Value Fund
February 28, 2022
NT International Value - Schedule of Investments | ||
FEBRUARY 28, 2022 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 96.6% | ||||||||
Australia — 5.8% | ||||||||
AGL Energy Ltd. | 1,780,535 | 9,741,518 | ||||||
Aurizon Holdings Ltd. | 2,336,419 | 5,959,996 | ||||||
Australia & New Zealand Banking Group Ltd. | 580,997 | 10,999,343 | ||||||
BHP Group Ltd. | 101,948 | 3,481,133 | ||||||
BHP Group Ltd. (London)(1) | 518,810 | 17,538,792 | ||||||
Commonwealth Bank of Australia | 39,610 | 2,687,279 | ||||||
Fortescue Metals Group Ltd. | 403,462 | 5,375,057 | ||||||
Origin Energy Ltd. | 1,428,437 | 5,931,813 | ||||||
South32 Ltd. | 2,156,738 | 7,570,177 | ||||||
Westpac Banking Corp. | 404,392 | 6,683,080 | ||||||
75,968,188 | ||||||||
Belgium — 0.8% | ||||||||
Solvay SA | 96,549 | 10,767,196 | ||||||
Canada — 2.3% | ||||||||
Canadian National Railway Co. | 27,478 | 3,408,790 | ||||||
Canadian Natural Resources Ltd. | 173,883 | 9,714,126 | ||||||
Imperial Oil Ltd. | 110,000 | 4,937,199 | ||||||
Manulife Financial Corp.(1) | 293,953 | 5,955,592 | ||||||
Restaurant Brands International, Inc. | 96,748 | 5,415,598 | ||||||
29,431,305 | ||||||||
Denmark — 2.3% | ||||||||
AP Moller - Maersk A/S, B Shares | 6,237 | 19,730,822 | ||||||
Novo Nordisk A/S, B Shares | 94,019 | 9,729,406 | ||||||
29,460,228 | ||||||||
France — 9.1% | ||||||||
AXA SA | 251,025 | 6,792,137 | ||||||
BNP Paribas SA | 305,372 | 17,719,064 | ||||||
Carrefour SA | 308,655 | 6,205,277 | ||||||
Cie de Saint-Gobain | 223,227 | 13,841,207 | ||||||
Credit Agricole SA | 348,685 | 4,441,670 | ||||||
Engie SA | 417,254 | 6,647,877 | ||||||
Orange SA | 561,875 | 6,794,019 | ||||||
Publicis Groupe SA | 187,536 | 12,445,961 | ||||||
Sanofi | 44,054 | 4,605,075 | ||||||
Societe Generale SA | 113,642 | 3,213,515 | ||||||
Sodexo SA | 28,872 | 2,410,429 | ||||||
Thales SA | 45,354 | 5,184,999 | ||||||
TotalEnergies SE | 367,132 | 18,703,613 | ||||||
Veolia Environnement SA | 251,524 | 8,769,808 | ||||||
117,774,651 | ||||||||
Germany — 7.5% | ||||||||
Allianz SE | 109,815 | 24,754,202 | ||||||
Brenntag SE | 64,762 | 5,429,159 | ||||||
Covestro AG | 82,970 | 4,387,927 | ||||||
Deutsche Post AG | 87,680 | 4,406,990 | ||||||
E.ON SE | 515,194 | 7,007,433 | ||||||
GEA Group AG | 93,359 | 4,082,474 | ||||||
HeidelbergCement AG | 59,963 | 3,890,814 |
Mercedes-Benz Group AG | 80,273 | 6,270,885 | ||||||
RWE AG | 162,649 | 7,531,118 | ||||||
Siemens AG | 113,974 | 16,056,924 | ||||||
Telefonica Deutschland Holding AG | 2,761,561 | 7,535,872 | ||||||
Volkswagen AG, Preference Shares | 33,173 | 6,521,068 | ||||||
97,874,866 | ||||||||
Hong Kong — 5.3% | ||||||||
BOC Hong Kong Holdings Ltd. | 903,500 | 3,248,140 | ||||||
CK Asset Holdings Ltd. | 1,273,500 | 8,043,481 | ||||||
CK Hutchison Holdings Ltd. | 1,342,000 | 9,408,847 | ||||||
Hang Seng Bank Ltd. | 564,900 | 10,417,371 | ||||||
Henderson Land Development Co. Ltd. | 963,000 | 4,003,710 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 96,700 | 4,685,758 | ||||||
Hongkong Land Holdings Ltd. | 1,115,100 | 6,038,709 | ||||||
New World Development Co. Ltd. | 966,000 | 3,863,653 | ||||||
Power Assets Holdings Ltd. | 856,500 | 5,398,114 | ||||||
Sun Hung Kai Properties Ltd. | 793,500 | 9,225,057 | ||||||
WH Group Ltd. | 5,844,000 | 4,081,307 | ||||||
68,414,147 | ||||||||
Ireland — 0.9% | ||||||||
CRH plc | 251,086 | 11,413,924 | ||||||
Israel — 3.4% | ||||||||
Bank Hapoalim BM | 451,074 | 4,780,703 | ||||||
Bank Leumi Le-Israel BM | 1,838,247 | 19,913,583 | ||||||
Check Point Software Technologies Ltd.(2) | 66,715 | 9,665,669 | ||||||
Israel Discount Bank Ltd., A Shares | 620,297 | 4,090,332 | ||||||
Mizrahi Tefahot Bank Ltd. | 141,103 | 5,514,211 | ||||||
43,964,498 | ||||||||
Italy — 3.7% | ||||||||
Assicurazioni Generali SpA | 577,311 | 11,417,387 | ||||||
Enel SpA | 1,811,588 | 13,349,480 | ||||||
Eni SpA | 333,911 | 5,193,888 | ||||||
FinecoBank Banca Fineco SpA | 581,425 | 9,689,925 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 859,851 | 8,954,682 | ||||||
48,605,362 | ||||||||
Japan — 16.3% | ||||||||
Astellas Pharma, Inc. | 546,100 | 9,111,251 | ||||||
Canon, Inc. | 515,000 | 12,119,466 | ||||||
Dentsu Group, Inc. | 130,600 | 5,210,963 | ||||||
Honda Motor Co. Ltd. | 194,600 | 5,912,121 | ||||||
Iida Group Holdings Co. Ltd. | 476,100 | 8,836,005 | ||||||
ITOCHU Corp. | 295,200 | 9,620,155 | ||||||
Kajima Corp. | 622,700 | 8,380,599 | ||||||
KDDI Corp. | 401,600 | 13,068,562 | ||||||
Marubeni Corp. | 903,400 | 9,482,662 | ||||||
Mitsubishi Chemical Holdings Corp. | 555,500 | 3,946,179 | ||||||
Mitsubishi Corp. | 239,400 | 8,049,508 | ||||||
Mitsubishi Electric Corp. | 916,300 | 11,083,123 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 1,088,300 | 6,681,056 | ||||||
Mitsui & Co. Ltd. | 455,200 | 11,349,367 | ||||||
MS&AD Insurance Group Holdings, Inc. | 233,800 | 7,911,020 | ||||||
NEC Corp. | 107,300 | 4,642,401 | ||||||
Nippon Yusen KK | 98,100 | 9,191,085 | ||||||
Otsuka Holdings Co. Ltd. | 62,900 | 2,168,426 | ||||||
Ricoh Co. Ltd. | 546,600 | 4,662,936 |
Softbank Corp. | 162,100 | 2,048,033 | ||||||
Sompo Holdings, Inc. | 134,700 | 5,848,412 | ||||||
Sumitomo Chemical Co. Ltd. | 2,100,600 | 10,028,745 | ||||||
Takeda Pharmaceutical Co. Ltd. | 364,000 | 11,098,467 | ||||||
Tokio Marine Holdings, Inc. | 118,700 | 6,754,155 | ||||||
Tokyo Gas Co. Ltd. | 272,000 | 5,540,183 | ||||||
Toyota Motor Corp. | 830,900 | 15,202,294 | ||||||
Yamaha Motor Co. Ltd. | 207,600 | 4,666,769 | ||||||
212,613,943 | ||||||||
Netherlands — 2.5% | ||||||||
Koninklijke Ahold Delhaize NV | 600,788 | 18,481,585 | ||||||
NN Group NV | 154,083 | 7,395,195 | ||||||
Randstad NV | 95,670 | 6,519,784 | ||||||
32,396,564 | ||||||||
Norway — 2.1% | ||||||||
Equinor ASA | 529,826 | 16,655,343 | ||||||
Yara International ASA | 202,829 | 10,330,061 | ||||||
26,985,404 | ||||||||
Singapore — 2.7% | ||||||||
DBS Group Holdings Ltd. | 600,509 | 15,096,876 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 765,900 | 6,636,845 | ||||||
Singapore Telecommunications Ltd. | 2,207,600 | 4,140,967 | ||||||
United Overseas Bank Ltd. | 409,800 | 9,107,960 | ||||||
34,982,648 | ||||||||
Spain — 2.9% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 2,061,714 | 12,233,642 | ||||||
Banco Santander SA | 2,366,706 | 7,881,167 | ||||||
Naturgy Energy Group SA(1) | 220,968 | 5,928,490 | ||||||
Repsol SA | 420,033 | 5,450,363 | ||||||
Telefonica SA | 1,369,358 | 6,539,942 | ||||||
38,033,604 | ||||||||
Sweden — 0.3% | ||||||||
H & M Hennes & Mauritz AB, B Shares | 250,943 | 4,188,013 | ||||||
Switzerland — 4.2% | ||||||||
Adecco Group AG | 82,060 | 3,875,581 | ||||||
Holcim Ltd.(2) | 143,090 | 7,202,866 | ||||||
Novartis AG | 238,563 | 20,967,636 | ||||||
Roche Holding AG | 17,828 | 6,752,057 | ||||||
Swatch Group AG (The), Bearer Shares | 9,350 | 2,875,277 | ||||||
Swiss Re AG | 69,542 | 6,645,131 | ||||||
Zurich Insurance Group AG | 13,367 | 6,135,400 | ||||||
54,453,948 | ||||||||
United Kingdom — 13.6% | ||||||||
3i Group plc | 242,829 | 4,325,785 | ||||||
Anglo American plc | 288,694 | 14,654,606 | ||||||
Aviva plc | 3,451,056 | 19,337,565 | ||||||
Barclays plc | 3,132,424 | 7,654,263 | ||||||
BP plc | 2,474,457 | 12,060,781 | ||||||
GlaxoSmithKline plc | 84,684 | 1,766,011 | ||||||
HSBC Holdings plc | 2,013,933 | 13,981,291 | ||||||
Lloyds Banking Group plc | 16,375,368 | 10,554,008 | ||||||
Melrose Industries plc | 2,205,827 | 4,364,154 | ||||||
Rio Tinto plc | 303,278 | 23,713,921 | ||||||
Shell plc | 1,321,291 | 34,843,488 | ||||||
Unilever plc | 214,456 | 10,772,548 |
Vodafone Group plc | 7,108,048 | 12,512,569 | ||||||
WPP plc | 413,002 | 5,808,827 | ||||||
176,349,817 | ||||||||
United States — 10.9% | ||||||||
AbbVie, Inc. | 66,325 | 9,800,845 | ||||||
Akamai Technologies, Inc.(2) | 36,640 | 3,966,646 | ||||||
Alcoa Corp. | 131,450 | 9,903,443 | ||||||
Alphabet, Inc., Class A(2) | 1,033 | 2,790,278 | ||||||
Alphabet, Inc., Class C(2) | 1,625 | 4,383,958 | ||||||
American Express Co. | 51,519 | 10,022,506 | ||||||
Becton Dickinson and Co. | 16,546 | 4,488,599 | ||||||
Brookfield Infrastructure Partners LP | 149,514 | 8,867,675 | ||||||
CF Industries Holdings, Inc. | 111,432 | 9,047,164 | ||||||
Chevron Corp. | 57,233 | 8,241,552 | ||||||
Citigroup, Inc. | 170,680 | 10,109,377 | ||||||
Corning, Inc. | 131,358 | 5,306,863 | ||||||
Dell Technologies, Inc., Class C(2) | 113,018 | 5,759,397 | ||||||
Devon Energy Corp. | 164,066 | 9,770,130 | ||||||
Emerson Electric Co. | 62,931 | 5,847,549 | ||||||
FedEx Corp. | 15,670 | 3,482,971 | ||||||
HP, Inc. | 154,450 | 5,306,902 | ||||||
Huntington Ingalls Industries, Inc. | 19,093 | 3,902,609 | ||||||
McKesson Corp. | 36,635 | 10,073,160 | ||||||
Merck & Co., Inc. | 66,212 | 5,070,515 | ||||||
Pioneer Natural Resources Co. | 25,169 | 6,030,492 | ||||||
142,172,631 | ||||||||
TOTAL COMMON STOCKS (Cost $1,190,094,908) | 1,255,850,937 | |||||||
SHORT-TERM INVESTMENTS — 1.6% | ||||||||
Money Market Funds — 1.5% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 8,306 | 8,306 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 18,955,778 | 18,955,778 | ||||||
18,964,084 | ||||||||
Repurchase Agreements — 0.1% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.25% - 2.75%, 9/30/25 - 11/15/42, valued at $425,717) in a joint trading account at 0.03%, dated 2/28/22, due 3/1/22 (Delivery value $416,104) | 416,104 | |||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 2.375%, 5/15/51, valued at $1,131,249) at 0.02%, dated 2/28/22, due 3/1/22 (Delivery value $1,109,001) | 1,109,000 | |||||||
1,525,104 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $20,489,188) | 20,489,188 | |||||||
TOTAL INVESTMENT SECURITIES — 98.2% (Cost $1,210,584,096) | 1,276,340,125 | |||||||
OTHER ASSETS AND LIABILITIES — 1.8% | 23,362,084 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 1,299,702,209 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Financials | 26.1% | ||||
Industrials | 13.8% | ||||
Materials | 11.8% | ||||
Energy | 10.0% | ||||
Health Care | 7.5% | ||||
Utilities | 6.6% | ||||
Communication Services | 6.5% | ||||
Consumer Discretionary | 4.9% | ||||
Information Technology | 4.0% | ||||
Consumer Staples | 3.0% | ||||
Real Estate | 2.4% | ||||
Short-Term Investments | 1.6% | ||||
Other Assets and Liabilities | 1.8% |
NOTES TO SCHEDULE OF INVESTMENTS |
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $21,785,931. 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 $22,964,344, which includes securities collateral of $4,008,566.
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. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.
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 | |||||||||||
Israel | 9,665,669 | 34,298,829 | — | ||||||||
United States | 142,172,631 | — | — | ||||||||
Other Countries | — | 1,069,713,808 | — | ||||||||
Short-Term Investments | 18,964,084 | 1,525,104 | — | ||||||||
170,802,384 | 1,105,537,741 | — |
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.