American Century Investments®
Quarterly Portfolio Holdings
Emerging Markets Debt Fund
January 31, 2022
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| Emerging Markets Debt Fund - Schedule of Investments |
JANUARY 31, 2022 (UNAUDITED) |
| | | | | | | | | | | |
| | Shares/
Principal Amount ($) | Value ($) |
| SOVEREIGN GOVERNMENTS AND AGENCIES — 44.9% |
|
|
|
| Argentina — 0.5% | | | |
| Argentine Republic Government International Bond, 1.125%, 7/9/35 | | $ | 10,200,000 | | 3,159,552 | |
| Bahrain — 0.6% | | | |
| Bahrain Government International Bond, 7.50%, 9/20/47 | | $ | 4,100,000 | | 3,998,804 | |
| Belarus — 0.6% | | | |
| Republic of Belarus International Bond, 5.875%, 2/24/26 | | $ | 1,600,000 | | 1,344,536 | |
| Republic of Belarus International Bond, 7.625%, 6/29/27 | | $ | 3,000,000 | | 2,605,592 | |
| | | 3,950,128 | |
| Brazil — 0.9% | | | |
| Brazilian Government International Bond, 3.875%, 6/12/30 | | $ | 2,000,000 | | 1,886,580 | |
| Brazilian Government International Bond, 7.125%, 1/20/37 | | $ | 2,000,000 | | 2,340,130 | |
| Brazilian Government International Bond, 4.75%, 1/14/50 | | $ | 2,000,000 | | 1,676,260 | |
| | | 5,902,970 | |
| Cameroon — 0.4% | | | |
| Republic of Cameroon International Bond, 9.50%, 11/19/25 | | $ | 2,600,000 | | 2,763,175 | |
| Chile — 0.9% | | | |
Bonos de la Tesoreria de la Republica en pesos, 4.70%, 9/1/30(1) | CLP | 4,900,000,000 | | 5,877,430 | |
| China — 5.1% | | | |
| China Government Bond, 1.99%, 4/9/25 | CNY | 85,500,000 | | 13,277,581 | |
| China Government Bond, 2.68%, 5/21/30 | CNY | 142,500,000 | | 22,176,058 | |
| | | 35,453,639 | |
| Colombia — 2.1% | | | |
| Colombia Government International Bond, 3.125%, 4/15/31 | | $ | 500,000 | | 430,345 | |
| Colombia Government International Bond, 6.125%, 1/18/41 | | $ | 7,000,000 | | 6,882,225 | |
| Colombian TES, 7.00%, 6/30/32 | COP | 32,900,000,000 | | 7,212,854 | |
| | | 14,525,424 | |
| Costa Rica — 0.4% | | | |
Costa Rica Government International Bond, 7.16%, 3/12/45(2) | | $ | 2,600,000 | | 2,453,126 | |
| Dominican Republic — 0.7% | | | |
| Dominican Republic International Bond, 5.95%, 1/25/27 | | $ | 2,500,000 | | 2,743,775 | |
Dominican Republic International Bond, 4.50%, 1/30/30(1) | | $ | 1,000,000 | | 983,510 | |
| Dominican Republic International Bond, 5.30%, 1/21/41 | | $ | 1,400,000 | | 1,333,500 | |
| | | 5,060,785 | |
| Ecuador — 0.5% | | | |
Ecuador Government International Bond, 0.01%, 7/31/30(1) | | $ | 6,000,000 | | 3,547,800 | |
| Egypt — 1.4% | | | |
| Egypt Government International Bond, 5.25%, 10/6/25 | | $ | 1,600,000 | | 1,590,849 | |
| Egypt Government International Bond, 8.50%, 1/31/47 | | $ | 10,000,000 | | 8,388,480 | |
| | | 9,979,329 | |
| El Salvador — 0.3% | | | |
| El Salvador Government International Bond, 6.375%, 1/18/27 | | $ | 1,100,000 | | 629,761 | |
| El Salvador Government International Bond, 8.625%, 2/28/29 | | $ | 2,000,000 | | 1,170,020 | |
| | | 1,799,781 | |
| Ghana — 0.8% | | | |
| Ghana Government International Bond, 8.125%, 1/18/26 | | $ | 4,400,000 | | 3,964,444 | |
| Ghana Government International Bond, 7.875%, 2/11/35 | | $ | 2,000,000 | | 1,507,120 | |
| | | 5,471,564 | |
| Guatemala — 0.2% | | | |
Guatemala Government International Bond, 6.125%, 6/1/50(1) | | $ | 1,000,000 | | 1,096,100 | |
| | | |
| | | | | | | | | | | |
| Indonesia — 3.7% | | | |
| Indonesia Treasury Bond, 6.50%, 2/15/31 | IDR | 227,000,000,000 | | 15,822,147 | |
| Indonesia Treasury Bond, 8.375%, 4/15/39 | IDR | 128,000,000,000 | | 10,019,191 | |
| | | 25,841,338 | |
| Iraq — 0.5% | | | |
| Iraq International Bond, 5.80%, 1/15/28 | | $ | 3,750,000 | | 3,604,500 | |
| Ivory Coast — 0.4% | | | |
| Ivory Coast Government International Bond, 6.125%, 6/15/33 | | $ | 2,400,000 | | 2,471,249 | |
| Jordan — 0.9% | | | |
| Jordan Government International Bond, 7.375%, 10/10/47 | | $ | 5,000,000 | | 4,932,605 | |
Jordan Government International Bond, 7.375%, 10/10/47(1) | | $ | 1,200,000 | | 1,183,578 | |
| | | 6,116,183 | |
| Kazakhstan — 0.4% | | | |
| Kazakhstan Government International Bond, MTN, 6.50%, 7/21/45 | | $ | 2,200,000 | | 2,933,681 | |
| Kenya — 0.4% | | | |
| Republic of Kenya Government International Bond, 8.00%, 5/22/32 | | $ | 2,400,000 | | 2,523,180 | |
| Malaysia — 0.7% | | | |
| Malaysia Government Bond, 4.07%, 6/15/50 | MYR | 22,000,000 | | 5,037,011 | |
| Mexico — 7.3% | | | |
| Mexican Bonos, 8.00%, 12/7/23 | MXN | 700,000,000 | | 34,210,386 | |
| Mexican Bonos, 10.00%, 11/20/36 | MXN | 281,000,000 | | 16,292,434 | |
| | | 50,502,820 | |
| Morocco — 0.2% | | | |
| Morocco Government International Bond, 3.00%, 12/15/32 | | $ | 1,500,000 | | 1,390,381 | |
| Nigeria — 0.9% | | | |
| Nigeria Government International Bond, MTN, 6.50%, 11/28/27 | | $ | 6,500,000 | | 6,534,243 | |
| Oman — 0.8% | | | |
| Oman Government International Bond, MTN, 6.00%, 8/1/29 | | $ | 2,600,000 | | 2,739,139 | |
Oman Sovereign Sukuk Co., 4.875%, 6/15/30(1) | | $ | 2,800,000 | | 2,955,582 | |
| | | 5,694,721 | |
| Pakistan — 0.2% | | | |
| Pakistan Government International Bond, 6.875%, 12/5/27 | | $ | 1,600,000 | | 1,560,000 | |
| Panama — 0.3% | | | |
| Panama Government International Bond, 4.30%, 4/29/53 | | $ | 2,200,000 | | 2,194,984 | |
| Paraguay — 0.3% | | | |
| Paraguay Government International Bond, 6.10%, 8/11/44 | | $ | 1,600,000 | | 1,880,016 | |
| Peru — 1.7% | | | |
| Peru Government Bond, 5.35%, 8/12/40 | PEN | 53,500,000 | | 11,756,402 | |
| Russia — 3.9% | | | |
| Russian Federal Bond - OFZ, 7.95%, 10/7/26 | RUB | 2,130,000,000 | | 26,073,619 | |
| Russian Foreign Bond - Eurobond, 5.625%, 4/4/42 | | $ | 1,000,000 | | 1,122,410 | |
| | | 27,196,029 | |
| Senegal — 0.4% | | | |
| Senegal Government International Bond, 6.25%, 5/23/33 | | $ | 3,000,000 | | 3,029,376 | |
| South Africa — 3.9% | | | |
| Republic of South Africa Government Bond, 8.25%, 3/31/32 | ZAR | 91,000,000 | | 5,330,612 | |
| Republic of South Africa Government Bond, 8.50%, 1/31/37 | ZAR | 260,900,000 | | 14,467,352 | |
| Republic of South Africa Government International Bond, 5.75%, 9/30/49 | | $ | 8,000,000 | | 7,346,240 | |
| | | 27,144,204 | |
| Sri Lanka — 0.1% | | | |
| Sri Lanka Government International Bond, 5.75%, 4/18/23 | | $ | 1,000,000 | | 536,260 | |
| Trinidad and Tobago — 0.3% | | | |
Trinidad & Tobago Government International Bond, 4.50%, 8/4/26(2) | | $ | 2,000,000 | | 2,055,020 | |
| Tunisia — 0.6% | | | |
| Tunisian Republic, 5.75%, 1/30/25 | | $ | 3,000,000 | | 2,334,000 | |
| | | | | | | | | | | |
| Tunisian Republic, 6.375%, 7/15/26 | EUR | 2,000,000 | | 1,742,541 | |
| | | 4,076,541 | |
| Turkey — 1.2% | | | |
Turkey Government International Bond, 5.60%, 11/14/24(2) | | $ | 1,600,000 | | 1,580,747 | |
| Turkey Government International Bond, 4.875%, 10/9/26 | | $ | 2,000,000 | | 1,831,824 | |
| Turkey Government International Bond, 5.125%, 2/17/28 | | $ | 1,000,000 | | 891,250 | |
| Turkey Government International Bond, 6.875%, 3/17/36 | | $ | 4,000,000 | | 3,633,908 | |
| | | 7,937,729 | |
| Ukraine — 0.4% | | | |
| Ukraine Government International Bond, 7.25%, 3/15/33 | | $ | 2,400,000 | | 2,022,648 | |
Ukraine Government International Bond, 7.25%, 3/15/33(1) | | $ | 750,000 | | 632,084 | |
| | | 2,654,732 | |
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $320,305,977) | | | 309,710,207 | |
| CORPORATE BONDS — 44.1% | | | |
| Austria — 0.2% | | | |
Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV, 5.00%, 5/7/28(1) | | 1,600,000 | | 1,519,768 | |
| Brazil — 6.9% | | | |
| Azul Investments LLP, 5.875%, 10/26/24 | | 3,000,000 | | 2,777,490 | |
Azul Investments LLP, 7.25%, 6/15/26(1)(2) | | 2,000,000 | | 1,807,770 | |
B2W Digital Lux Sarl, 4.375%, 12/20/30(1) | | 3,800,000 | | 3,358,744 | |
CSN Inova Ventures, 6.75%, 1/28/28(1) | | 2,900,000 | | 3,055,440 | |
| CSN Resources SA, 7.625%, 4/17/26 | | 1,500,000 | | 1,565,325 | |
Embraer Netherlands Finance BV, 6.95%, 1/17/28(1) | | 4,000,000 | | 4,345,800 | |
| Embraer Overseas Ltd., 5.70%, 9/16/23 | | 1,000,000 | | 1,044,145 | |
| GTL Trade Finance, Inc., 7.25%, 4/16/44 | | 1,700,000 | | 2,187,177 | |
Guara Norte Sarl, 5.20%, 6/15/34(1) | | 7,100,596 | | 6,640,229 | |
GUSAP III LP, 4.25%, 1/21/30(1)(2) | | 3,000,000 | | 3,117,300 | |
JSM Global Sarl, 4.75%, 10/20/30(1) | | 2,000,000 | | 1,794,750 | |
Klabin Austria GmbH, 5.75%, 4/3/29(2) | | 2,000,000 | | 2,159,930 | |
MARB BondCo plc, 3.95%, 1/29/31(1) | | 1,650,000 | | 1,514,684 | |
MC Brazil Downstream Trading SARL, 7.25%, 6/30/31(1) | | 3,371,000 | | 3,237,761 | |
| Petrobras Global Finance BV, 6.875%, 1/20/40 | | 3,000,000 | | 3,210,405 | |
Petrobras Global Finance BV, 5.50%, 6/10/51(2) | | 2,800,000 | | 2,468,466 | |
Simpar Europe SA, 5.20%, 1/26/31(1) | | 3,800,000 | | 3,372,842 | |
| | | 47,658,258 | |
| Chile — 2.5% | | | |
Alfa Desarrollo SpA, 4.55%, 9/27/51(1) | | 2,900,000 | | 2,660,489 | |
| Celulosa Arauco y Constitucion SA, 4.25%, 4/30/29 | | 2,000,000 | | 2,075,260 | |
Falabella SA, 3.375%, 1/15/32(1) | | 1,800,000 | | 1,744,272 | |
Kenbourne Invest SA, 6.875%, 11/26/24(1) | | 2,000,000 | | 2,070,320 | |
Kenbourne Invest SA, 4.70%, 1/22/28(1) | | 2,800,000 | | 2,694,818 | |
VTR Comunicaciones SpA, 4.375%, 4/15/29(1) | | 2,000,000 | | 1,945,230 | |
VTR Finance NV, 6.375%, 7/15/28(1) | | 4,000,000 | | 4,086,840 | |
| | | 17,277,229 | |
| China — 0.7% | | | |
Meituan, 2.125%, 10/28/25(1)(2) | | 2,300,000 | | 2,172,013 | |
| Weibo Corp., 3.375%, 7/8/30 | | 3,100,000 | | 2,971,031 | |
| | | 5,143,044 | |
| Colombia — 3.8% | | | |
| AI Candelaria Spain SA, 7.50%, 12/15/28 | | 3,000,000 | | 3,124,065 | |
Banco GNB Sudameris SA, VRN, 7.50%, 4/16/31(1) | | 2,450,000 | | 2,422,193 | |
| Ecopetrol SA, 4.625%, 11/2/31 | | 1,060,000 | | 978,422 | |
| Ecopetrol SA, 5.875%, 5/28/45 | | 3,150,000 | | 2,781,560 | |
| Ecopetrol SA, 5.875%, 11/2/51 | | 900,000 | | 770,567 | |
| | | | | | | | | | | |
| Geopark Ltd., 6.50%, 9/21/24 | | 2,014,000 | | 2,069,022 | |
Geopark Ltd., 5.50%, 1/17/27(1)(2) | | 3,918,000 | | 3,694,498 | |
| Millicom International Cellular SA, 6.25%, 3/25/29 | | 1,800,000 | | 1,891,800 | |
Millicom International Cellular SA, 4.50%, 4/27/31(1) | | 3,000,000 | | 2,945,018 | |
Oleoducto Central SA, 4.00%, 7/14/27(1) | | 3,800,000 | | 3,686,950 | |
Promigas SA ESP / Gases del Pacifico SAC, 3.75%, 10/16/29(1) | | 2,000,000 | | 1,925,950 | |
| | | 26,290,045 | |
| Ghana — 1.1% | | | |
Kosmos Energy Ltd., 7.125%, 4/4/26(1)(2) | | 3,592,000 | | 3,508,809 | |
Kosmos Energy Ltd., 7.50%, 3/1/28(1)(2) | | 2,800,000 | | 2,687,090 | |
Tullow Oil plc, 10.25%, 5/15/26(1) | | 1,500,000 | | 1,517,715 | |
| | | 7,713,614 | |
| India — 1.9% | | | |
| Adani Ports & Special Economic Zone Ltd., 4.00%, 7/30/27 | | 800,000 | | 810,570 | |
Continuum Energy Levanter Pte Ltd., 4.50%, 2/9/27(1) | | 1,290,250 | | 1,278,418 | |
Delhi International Airport Ltd., 6.45%, 6/4/29(1) | | 3,000,000 | | 2,835,075 | |
Greenko Dutch BV, 3.85%, 3/29/26(1) | | 2,167,000 | | 2,138,786 | |
| Reliance Industries Ltd., 2.875%, 1/12/32 | | 2,000,000 | | 1,941,658 | |
Vedanta Resources Finance II plc, 8.95%, 3/11/25(1) | | 4,000,000 | | 3,807,900 | |
| | | 12,812,407 | |
| Indonesia — 3.7% | | | |
| Cikarang Listrindo Tbk PT, 4.95%, 9/14/26 | | 3,901,000 | | 3,931,350 | |
Indika Energy Capital IV Pte Ltd., 8.25%, 10/22/25(1) | | 5,000,000 | | 5,053,750 | |
Indonesia Asahan Aluminium Persero PT, 5.45%, 5/15/30(1) | | 3,000,000 | | 3,278,025 | |
Indonesia Asahan Aluminium Persero PT, 5.80%, 5/15/50(1) | | 3,250,000 | | 3,449,355 | |
Medco Bell Pte Ltd., 6.375%, 1/30/27(1) | | 2,500,000 | | 2,425,000 | |
| Medco Oak Tree Pte Ltd., 7.375%, 5/14/26 | | 1,500,000 | | 1,517,288 | |
| Medco Platinum Road Pte Ltd., 6.75%, 1/30/25 | | 2,700,000 | | 2,723,854 | |
Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, 6.25%, 1/25/49(2) | | 1,000,000 | | 1,174,510 | |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, MTN, 3.00%, 6/30/30 | | 2,000,000 | | 1,901,090 | |
| | | 25,454,222 | |
| Israel — 1.5% | | | |
Altice Financing SA, 5.00%, 1/15/28(1) | | 2,500,000 | | 2,331,600 | |
| Altice Financing SA, 5.00%, 1/15/28 | | 2,000,000 | | 1,865,280 | |
Energean Israel Finance Ltd., 4.50%, 3/30/24(1) | | 4,857,000 | | 4,876,030 | |
Leviathan Bond Ltd., 5.75%, 6/30/23(1) | | 1,000,000 | | 1,027,594 | |
| | | 10,100,504 | |
| Jamaica — 0.4% | | | |
Digicel International Finance Ltd. / Digicel International Holdings Ltd., 8.75%, 5/25/24(1) | | 3,000,000 | | 3,078,330 | |
| Kazakhstan — 0.6% | | | |
| Development Bank of Kazakhstan JSC, 4.125%, 12/10/22 | | 2,200,000 | | 2,232,867 | |
| KazMunayGas National Co. JSC, 4.75%, 4/19/27 | | 500,000 | | 531,197 | |
| KazMunayGas National Co. JSC, 5.75%, 4/19/47 | | 1,500,000 | | 1,682,563 | |
| | | 4,446,627 | |
| Luxembourg — 0.7% | | | |
| EIG Pearl Holdings Sarl, 3.55%, 8/31/36 | | 500,000 | | 499,530 | |
Petrorio Luxembourg Sarl, 6.125%, 6/9/26(1) | | 4,300,000 | | 4,219,934 | |
| | | 4,719,464 | |
| Macau — 0.5% | | | |
Melco Resorts Finance Ltd., 5.75%, 7/21/28(1) | | 1,000,000 | | 961,415 | |
Studio City Finance Ltd., 5.00%, 1/15/29(1) | | 3,000,000 | | 2,611,740 | |
| | | 3,573,155 | |
| Mexico — 6.7% | | | |
BBVA Bancomer SA, VRN, 5.125%, 1/18/33(1) | | 4,000,000 | | 4,027,420 | |
BBVA Bancomer SA, VRN, 5.875%, 9/13/34(1) | | 2,700,000 | | 2,872,557 | |
| | | | | | | | | | | |
Braskem Idesa SAPI, 6.99%, 2/20/32(1) | | 3,200,000 | | 3,180,688 | |
| Cemex SAB de CV, 5.45%, 11/19/29 | | 2,000,000 | | 2,077,320 | |
Cemex SAB de CV, 3.875%, 7/11/31(1) | | 720,000 | | 683,784 | |
Cemex SAB de CV, VRN, 5.125%, 6/8/26(1) | | 2,000,000 | | 2,010,520 | |
Cometa Energia SA de CV, 6.375%, 4/24/35(1) | | 2,921,750 | | 3,196,351 | |
FEL Energy VI Sarl, 5.75%, 12/1/40(1) | | 7,293,986 | | 7,151,900 | |
Industrias Penoles SAB de CV, 4.75%, 8/6/50(1) | | 1,750,000 | | 1,794,336 | |
Infraestructura Energetica Nova SAB de CV, 4.75%, 1/15/51(1) | | 4,300,000 | | 4,146,017 | |
Minera Mexico SA de CV, 4.50%, 1/26/50(1) | | 2,650,000 | | 2,754,582 | |
Operadora de Servicios Mega SA de CV Sofom ER, 8.25%, 2/11/25(1)(2) | | 1,850,000 | | 1,394,206 | |
| Petroleos Mexicanos, 6.50%, 3/13/27 | | 2,475,000 | | 2,592,154 | |
| Petroleos Mexicanos, 5.35%, 2/12/28 | | 2,000,000 | | 1,960,320 | |
| Petroleos Mexicanos, 5.95%, 1/28/31 | | 2,000,000 | | 1,905,910 | |
Petroleos Mexicanos, 6.70%, 2/16/32(1) | | 472,000 | | 468,014 | |
| Petroleos Mexicanos, 6.50%, 6/2/41 | | 3,400,000 | | 2,951,506 | |
| Sigma Finance Netherlands BV, 4.875%, 3/27/28 | | 1,000,000 | | 1,083,260 | |
| | | 46,250,845 | |
| Morocco — 0.5% | | | |
| OCP SA, 6.875%, 4/25/44 | | 2,900,000 | | 3,248,406 | |
| Nigeria — 1.2% | | | |
IHS Netherlands Holdco BV, 8.00%, 9/18/27(1) | | 4,000,000 | | 4,206,640 | |
SEPLAT Energy plc, 7.75%, 4/1/26(1) | | 4,000,000 | | 4,005,000 | |
| | | 8,211,640 | |
| Panama — 1.7% | | | |
C&W Senior Financing DAC, 6.875%, 9/15/27(1) | | 5,095,000 | | 5,316,327 | |
Cable Onda SA, 4.50%, 1/30/30(1) | | 5,950,000 | | 6,062,663 | |
| | | 11,378,990 | |
| Peru — 1.4% | | | |
Inkia Energy Ltd., 5.875%, 11/9/27(2) | | 5,700,000 | | 5,736,879 | |
| Petroleos del Peru SA, 4.75%, 6/19/32 | | 1,000,000 | | 982,530 | |
Petroleos del Peru SA, 5.625%, 6/19/47(1) | | 2,900,000 | | 2,676,221 | |
| | | 9,395,630 | |
| Qatar — 0.1% | | | |
Ooredoo International Finance Ltd., 2.625%, 4/8/31(1) | | 400,000 | | 395,635 | |
| Ooredoo International Finance Ltd., MTN, 5.00%, 10/19/25 | | 300,000 | | 331,466 | |
| | | 727,101 | |
| Russia — 1.2% | | | |
| Gazprom PJSC Via Gaz Capital SA, 4.95%, 3/23/27 | | 1,600,000 | | 1,629,834 | |
| Gazprom PJSC Via Gaz Capital SA, MTN, 7.29%, 8/16/37 | | 1,450,000 | | 1,777,352 | |
Gazprom PJSC via Gaz Finance plc, 3.25%, 2/25/30(1) | | 1,200,000 | | 1,078,025 | |
Lukoil Capital DAC, 3.60%, 10/26/31(1) | | 896,000 | | 817,309 | |
| Lukoil Securities BV, 3.875%, 5/6/30 | | 2,000,000 | | 1,888,250 | |
VEON Holdings BV, 3.375%, 11/25/27(1) | | 1,000,000 | | 912,750 | |
| | | 8,103,520 | |
| Saudi Arabia — 0.9% | | | |
| Dar Al-Arkan Sukuk Co. Ltd., 6.875%, 3/21/23 | | 3,800,000 | | 3,923,808 | |
| Dar Al-Arkan Sukuk Co. Ltd., 6.875%, 2/26/27 | | 1,000,000 | | 1,029,874 | |
SA Global Sukuk Ltd., 2.69%, 6/17/31(1) | | 1,290,000 | | 1,277,681 | |
| | | 6,231,363 | |
| South Africa — 0.7% | | | |
| MTN Mauritius Investments Ltd., 4.76%, 11/11/24 | | 1,000,000 | | 1,030,900 | |
Prosus NV, 3.26%, 1/19/27(1) | | 864,000 | | 863,626 | |
Prosus NV, 3.68%, 1/21/30(1) | | 1,950,000 | | 1,909,454 | |
| | | | | | | | | | | |
| Sasol Financing USA LLC, 5.50%, 3/18/31 | | 1,000,000 | | 979,365 | |
| | | 4,783,345 | |
| Spain — 0.8% | | | |
EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA, 5.375%, 12/30/30(1) | | 6,000,000 | | 5,295,270 | |
| Tanzania, United Republic Of — 0.7% | | | |
HTA Group Ltd., 7.00%, 12/18/25(1) | | 4,700,000 | | 4,909,761 | |
| Ukraine — 1.5% | | | |
Kernel Holding SA, 6.50%, 10/17/24(1) | | 1,850,000 | | 1,696,820 | |
Kernel Holding SA, 6.75%, 10/27/27(1) | | 1,250,000 | | 1,103,125 | |
Metinvest BV, 7.75%, 10/17/29(1) | | 2,000,000 | | 1,731,850 | |
| MHP Lux SA, 6.95%, 4/3/26 | | 1,000,000 | | 896,002 | |
MHP SE, 7.75%, 5/10/24(1) | | 1,200,000 | | 1,095,792 | |
| VF Ukraine PAT via VFU Funding plc, 6.20%, 2/11/25 | | 4,000,000 | | 3,752,591 | |
| | | 10,276,180 | |
| United Arab Emirates — 0.8% | | | |
| DP World Crescent Ltd., MTN, 4.85%, 9/26/28 | | 1,600,000 | | 1,755,918 | |
| DP World Crescent Ltd., MTN, 3.875%, 7/18/29 | | 2,600,000 | | 2,702,822 | |
Galaxy Pipeline Assets Bidco Ltd., 2.94%, 9/30/40(1) | | 1,150,000 | | 1,096,754 | |
| | | 5,555,494 | |
| United States — 0.7% | | | |
SierraCol Energy Andina LLC, 6.00%, 6/15/28(1) | | 5,000,000 | | 4,660,525 | |
| Zambia — 0.7% | | | |
First Quantum Minerals Ltd., 6.50%, 3/1/24(1) | | 1,600,000 | | 1,620,048 | |
| First Quantum Minerals Ltd., 6.875%, 3/1/26 | | 2,300,000 | | 2,378,028 | |
First Quantum Minerals Ltd., 6.875%, 10/15/27(1) | | 1,000,000 | | 1,063,960 | |
| | | 5,062,036 | |
TOTAL CORPORATE BONDS (Cost $311,130,925) | | | 303,876,773 | |
| U.S. TREASURY SECURITIES — 1.3% | | | |
| U.S. Treasury Bonds, 2.00%, 8/15/51 | | 2,000,000 | | 1,951,562 | |
U.S. Treasury Notes, 2.875%, 8/15/28(3) | | 3,885,000 | | 4,159,682 | |
| U.S. Treasury Notes, 1.25%, 8/15/31 | | 3,000,000 | | 2,863,359 | |
TOTAL U.S. TREASURY SECURITIES (Cost $9,323,945) | | | 8,974,603 | |
| PREFERRED STOCKS — 0.9% | | | |
| India — 0.1% | | | |
Network i2i Ltd., 3.98%(1) | | 1,000,000 | | 984,805 | |
| Mexico — 0.7% | | | |
Banco Mercantil del Norte SA, 8.375%(1) | | 4,100,000 | | 4,500,262 | |
| Russia — 0.1% | | | |
| Gazprom PJSC via Gaz Finance plc, 4.60% | | 1,000,000 | | 966,380 | |
TOTAL PREFERRED STOCKS (Cost $6,214,580) | | | 6,451,447 | |
| EXCHANGE-TRADED FUNDS — 0.2% | | | |
Energy Select Sector SPDR Fund (Cost $451,837) | | 16,000 | | 1,054,720 | |
SHORT-TERM INVESTMENTS(4) — 8.1% | | | |
| Money Market Funds — 2.8% | | | |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | | 99,894 | | 99,894 | |
State Street Navigator Securities Lending Government Money Market Portfolio(5) | | 18,983,663 | | 18,983,663 | |
| | | 19,083,557 | |
| Repurchase Agreements — 5.3% | | | |
| BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.25% - 6.00%, 4/30/24 - 2/15/49, valued at $8,620,470) in a joint trading account at 0.02%, dated 1/31/22, due 2/1/22 (Delivery value $8,470,683) | | | 8,470,678 | |
| | | | | | | | | | | |
| Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 2.00% - 2.50%, 11/15/41 - 2/15/45, valued at $28,802,830) at 0.02%, dated 1/31/22, due 2/1/22 (Delivery value $28,238,016) | | | 28,238,000 | |
| | | 36,708,678 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $55,792,235) | | | 55,792,235 | |
TOTAL INVESTMENT SECURITIES — 99.5% (Cost $703,219,499) | | | 685,859,985 | |
| OTHER ASSETS AND LIABILITIES — 0.5% | | | 3,161,874 | |
| TOTAL NET ASSETS — 100.0% | | | $ | 689,021,859 | |
| | | | | | | | | | | | | | | | | | | | |
| FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS |
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation
(Depreciation) |
| BRL | 95,561,220 | | USD | 16,841,356 | | Goldman Sachs & Co. | 3/16/22 | $ | 961,228 | |
| BRL | 76,920,697 | | USD | 13,475,709 | | Goldman Sachs & Co. | 3/16/22 | 854,237 | |
| USD | 6,408,989 | | BRL | 36,951,024 | | Goldman Sachs & Co. | 3/16/22 | (474,805) | |
| CLP | 4,153,035,962 | | USD | 4,881,617 | | Goldman Sachs & Co. | 3/16/22 | 275,891 | |
| CLP | 2,964,949,798 | | USD | 3,483,259 | | Goldman Sachs & Co. | 3/16/22 | 198,807 | |
| CNY | 43,891,631 | | USD | 6,873,640 | | Morgan Stanley | 3/16/22 | (4,778) | |
| CNY | 44,795,356 | | USD | 6,986,720 | | Morgan Stanley | 3/16/22 | 23,571 | |
| USD | 27,326,954 | | CNY | 174,824,189 | | Morgan Stanley | 3/16/22 | (32,323) | |
| USD | 8,465,098 | | CNY | 53,914,209 | | Morgan Stanley | 3/16/22 | 27,743 | |
| COP | 25,565,608,643 | | USD | 6,455,962 | | Bank of America N.A. | 3/16/22 | (12,793) | |
| COP | 14,005,570,224 | | USD | 3,550,973 | | Goldman Sachs & Co. | 3/16/22 | (21,221) | |
| USD | 7,197,668 | | COP | 28,716,895,493 | | Goldman Sachs & Co. | 3/16/22 | (39,703) | |
| USD | 1,890,827 | | EUR | 1,670,686 | | JPMorgan Chase Bank N.A. | 3/16/22 | 12,155 | |
| HUF | 3,369,993,788 | | USD | 10,344,226 | | UBS AG | 3/16/22 | 260,458 | |
| IDR | 60,419,198,610 | | USD | 4,182,996 | | Goldman Sachs & Co. | 3/16/22 | 20,029 | |
| IDR | 97,329,667,827 | | USD | 6,757,597 | | Goldman Sachs & Co. | 3/16/22 | 13,084 | |
| USD | 19,147,413 | | IDR | 277,158,799,849 | | Goldman Sachs & Co. | 3/16/22 | (132,974) | |
| USD | 6,955,299 | | INR | 520,395,498 | | Bank of America N.A. | 3/16/22 | 14,796 | |
| KRW | 8,275,607,143 | | USD | 6,970,400 | | Goldman Sachs & Co. | 3/16/22 | (113,662) | |
| USD | 6,866,299 | | KRW | 8,275,607,143 | | Goldman Sachs & Co. | 3/16/22 | 9,561 | |
| MXN | 43,626,581 | | USD | 2,049,395 | | JPMorgan Chase Bank N.A. | 3/16/22 | 50,486 | |
| USD | 5,284,223 | | MXN | 111,299,060 | | JPMorgan Chase Bank N.A. | 3/16/22 | (72,941) | |
| USD | 7,266,606 | | MXN | 150,639,571 | | JPMorgan Chase Bank N.A. | 3/16/22 | 15,863 | |
| USD | 2,973,292 | | MXN | 61,141,326 | | JPMorgan Chase Bank N.A. | 3/16/22 | 30,373 | |
| USD | 5,853,191 | | MXN | 124,665,952 | | JPMorgan Chase Bank N.A. | 3/16/22 | (147,362) | |
| USD | 4,325,420 | | MXN | 88,864,026 | | JPMorgan Chase Bank N.A. | 3/16/22 | 48,123 | |
| MYR | 20,561,414 | | USD | 4,867,759 | | Goldman Sachs & Co. | 3/16/22 | 49,524 | |
| MYR | 15,410,409 | | USD | 3,682,296 | | Goldman Sachs & Co. | 3/16/22 | 3,119 | |
| NZD | 10,250,733 | | USD | 7,016,934 | | JPMorgan Chase Bank N.A. | 3/16/22 | (276,689) | |
| USD | 6,836,849 | | NZD | 10,250,733 | | JPMorgan Chase Bank N.A. | 3/16/22 | 96,604 | |
| USD | 3,253,557 | | PEN | 13,327,872 | | Goldman Sachs & Co. | 3/16/22 | (197,868) | |
| PHP | 327,829,605 | | USD | 6,365,005 | | Goldman Sachs & Co. | 3/16/22 | 29,761 | |
| USD | 13,774,920 | | PHP | 699,214,934 | | Goldman Sachs & Co. | 3/16/22 | 135,773 | |
| USD | 13,846,599 | | PHP | 702,784,116 | | Goldman Sachs & Co. | 3/16/22 | 137,830 | |
| PLN | 42,015,979 | | USD | 10,255,504 | | UBS AG | 3/16/22 | 9,828 | |
| PLN | 27,630,963 | | USD | 6,725,317 | | UBS AG | 3/16/22 | 25,472 | |
| RUB | 795,677,899 | | USD | 10,584,032 | | Goldman Sachs & Co. | 3/16/22 | (414,868) | |
| USD | 6,782,102 | | RUB | 534,361,834 | | Goldman Sachs & Co. | 3/16/22 | (47,311) | |
| THB | 712,861,255 | | USD | 21,322,085 | | Goldman Sachs & Co. | 3/16/22 | 85,409 | |
| TRY | 70,008,907 | | USD | 4,811,172 | | UBS AG | 3/16/22 | 329,650 | |
| USD | 4,227,846 | | TRY | 70,008,907 | | UBS AG | 3/16/22 | (912,976) | |
| ZAR | 33,583,397 | | USD | 2,064,861 | | UBS AG | 3/16/22 | 107,256 | |
| ZAR | 134,873,844 | | USD | 8,647,483 | | UBS AG | 3/16/22 | 75,929 | |
| USD | 8,103,526 | | ZAR | 129,239,091 | | UBS AG | 3/16/22 | (255,440) | |
| | | | | | $ | 744,846 | |
| | | | | | | | | | | | | | |
| FUTURES CONTRACTS PURCHASED |
| Reference Entity | Contracts | Expiration
Date | Notional
Amount | Unrealized
Appreciation
(Depreciation)^ |
| U.S. Treasury 2-Year Notes | 214 | | March 2022 | $ | 46,364,438 | | $ | (359,870) | |
| U.S. Treasury 5-Year Notes | 192 | | March 2022 | 22,887,000 | | (242,153) | |
| U.S. Treasury Long Bonds | 1 | | March 2022 | 155,625 | | (2,291) | |
| | | $ | 69,407,063 | | $ | (604,314) | |
^Amount represents value and unrealized appreciation (depreciation).
| | | | | | | | | | | | | | |
| FUTURES CONTRACTS SOLD |
| Reference Entity | Contracts | Expiration
Date | Notional
Amount | Unrealized
Appreciation
(Depreciation)^ |
| U.S. Treasury 10-Year Notes | 371 | | March 2022 | $ | 47,476,406 | | $ | 387,667 | |
| U.S. Treasury 10-Year Ultra Notes | 413 | | March 2022 | 58,988,016 | | 1,015,367 | |
| U.S. Treasury Ultra Bonds | 42 | | March 2022 | 7,935,375 | | 176,845 | |
| | | $ | 114,399,797 | | $ | 1,579,879 | |
^Amount represents value and unrealized appreciation (depreciation).
| | | | | | | | | | | | | | | | | | | | | | | |
CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS§ |
| Reference Entity | Type | Fixed Rate Received (Paid) Quarterly | Termination
Date | Notional
Amount | Premiums
Paid
(Received) | Unrealized
Appreciation
(Depreciation) | Value^ |
| Markit CDX North America High Yield Index Series 34 | Buy | (5.00)% | 6/20/25 | $ | 4,968,000 | | $ | (144,998) | | $ | (208,741) | | $ | (353,739) | |
^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.
| | | | | | | | | | | | | | | | | | | | | | | |
CREDIT DEFAULT SWAP AGREEMENTS§ |
Counterparty/
Reference Entity | Type‡ | Fixed Rate
Received
(Paid)
Quarterly | Termination
Date | Notional
Amount | Premiums
Paid
(Received) | Unrealized
Appreciation
(Depreciation) | Value^ |
Barclays Bank plc/Russian Federal Bond(6) | Buy | (1.00)% | 12/20/26 | $ | 16,200,000 | | $ | 1,107,349 | | $ | (237,967) | | $ | 869,382 | |
| Morgan Stanley/Brazilian Government International Bond | Buy | (1.00)% | 12/20/26 | $ | 32,800,000 | | 1,503,165 | | 345,150 | | 1,848,315 | |
| Morgan Stanley/Colombia Government International Bond | Buy | (1.00)% | 12/20/26 | $ | 11,400,000 | | 263,208 | | 311,935 | | 575,143 | |
| Morgan Stanley/Colombia Government International Bond | Buy | (1.00)% | 12/20/26 | $ | 4,800,000 | | 225,960 | | 16,205 | | 242,165 | |
| Morgan Stanley/Mexico Government International Bond | Buy | (1.00)% | 12/20/26 | $ | 50,300,000 | | (47,296) | | 120,356 | | 73,060 | |
| | | | | $ | 3,052,386 | | $ | 555,679 | | $ | 3,608,065 | |
§Credit default swap agreements enable the fund to buy/sell protection against a credit event of a specific issuer or index. As a seller of credit protection against a security or basket of securities, the fund receives an upfront and/or periodic payment to compensate against potential default events. The fund may attempt to enhance returns by selling protection.
^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS |
| Floating Rate Index | Pay/Receive Floating Rate Index Semi-Annually | Fixed
Rate | Termination
Date | Notional
Amount | Premiums Paid (Received) | Unrealized
Appreciation
(Depreciation) | Value |
| WIBOR | Receive | 3.09% | 7/12/31 | PLN | 24,000,000 | | $ | 74,211 | $ | 259,709 | $ | 333,920 |
| | | | | | | | | | | | | | | | | | | | | | | |
| INTEREST RATE SWAP AGREEMENTS |
| Counterparty | Floating
Rate Index | Pay/Receive
Floating Rate
Index
Monthly | Fixed Rate | Termination
Date | Notional
Amount | Value* |
| Bank of America, N.A. | BZDIOVRA | Pay | 11.59% | 1/2/24 | BRL | 88,768,541 | | $ | (17,911) | |
| Morgan Stanley | BZDIOVRA | Pay | 11.03% | 1/2/24 | BRL | 105,566,396 | | (179,812) | |
| Morgan Stanley | BZDIOVRA | Pay | 10.84% | 1/2/24 | BRL | 106,021,787 | | (254,761) | |
| | | | | | | $ | (452,484) | |
*Amount represents value and unrealized appreciation (depreciation).
| | | | | | | | |
| NOTES TO SCHEDULE OF INVESTMENTS |
| BRL | - | Brazilian Real |
| BZDIOVRA | - | Brazil Interbank Deposit Rate |
| CDX | - | Credit Derivatives Indexes |
| CLP | - | Chilean Peso |
| CNY | - | Chinese Yuan |
| COP | - | Colombian Peso |
| EUR | - | Euro |
| HUF | - | Hungarian Forint |
| IDR | - | Indonesian Rupiah |
| INR | - | Indian Rupee |
| KRW | - | South Korean Won |
| MTN | - | Medium Term Note |
| MXN | - | Mexican Peso |
| MYR | - | Malaysian Ringgit |
| NZD | - | New Zealand Dollar |
| PEN | - | Peruvian Sol |
| PHP | - | Philippine Peso |
| PLN | - | Polish Zloty |
| RUB | - | Russian Ruble |
| THB | - | Thai Baht |
| TRY | - | Turkish Lira |
| USD | - | United States Dollar |
| VRN | - | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
| WIBOR | - | Warsaw Interbank Offered Rate |
| ZAR | - | South African Rand |
(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $226,137,007, which represented 32.8% of total net assets.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $18,308,820. 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)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $2,252,681.
(4)Category includes collateral received at the custodian bank for collateral requirements on swap agreements. At the period end, the aggregate value of cash deposits received was $2,420,000.
(5)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $18,983,663.
(6)Collateral has been received at the custodian for collateral requirements on swap agreements. At the period end, the aggregate value of securities received was $923,797.
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 Trustees 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.
Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Fixed income 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.
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.
Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred stocks and convertible preferred stocks with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.
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. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service. Investments 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.
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 Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees. 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 Trustees, 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 | | | |
| Sovereign Governments and Agencies | — | | 309,710,207 | | — | |
| Corporate Bonds | — | | 303,876,773 | | — | |
| U.S. Treasury Securities | — | | 8,974,603 | | — | |
| Preferred Stocks | — | | 6,451,447 | | — | |
| Exchange-Traded Funds | 1,054,720 | | — | | — | |
| Short-Term Investments | 19,083,557 | | 36,708,678 | | — | |
| 20,138,277 | | 665,721,708 | | — | |
| Other Financial Instruments | | | |
| Futures Contracts | 1,579,879 | | — | | — | |
| Swap Agreements | — | | 3,941,985 | | — | |
| Forward Foreign Currency Exchange Contracts | — | | 3,902,560 | | — | |
| 1,579,879 | | 7,844,545 | | — | |
| Liabilities | | | |
| Other Financial Instruments | | | |
| Futures Contracts | 604,314 | | — | | — | |
| Swap Agreements | — | | 806,223 | | — | |
| Forward Foreign Currency Exchange Contracts | — | | 3,157,714 | | — | |
| 604,314 | | 3,963,937 | | — | |
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.
