American Century Investments®
Quarterly Portfolio Holdings
NT International Value Fund
February 28, 2021
NT International Value - Schedule of Investments | ||
FEBRUARY 28, 2021 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 98.9% | ||||||||
Australia — 6.4% | ||||||||
Aristocrat Leisure Ltd. | 2,156 | 50,516 | ||||||
Australia & New Zealand Banking Group Ltd. | 550,037 | 11,104,185 | ||||||
BHP Group Ltd. | 176,405 | 6,651,945 | ||||||
Commonwealth Bank of Australia | 90,421 | 5,688,051 | ||||||
Fortescue Metals Group Ltd. | 891,471 | 16,583,263 | ||||||
National Australia Bank Ltd. | 209,332 | 3,979,976 | ||||||
Santos Ltd. | 592,391 | 3,333,396 | ||||||
Wesfarmers Ltd. | 327,615 | 12,428,730 | ||||||
Westpac Banking Corp. | 222,449 | 4,085,811 | ||||||
Woodside Petroleum Ltd. | 803,100 | 15,310,508 | ||||||
79,216,381 | ||||||||
Austria — 0.6% | ||||||||
Erste Group Bank AG(1) | 95,705 | 3,146,101 | ||||||
voestalpine AG | 122,104 | 4,835,079 | ||||||
7,981,180 | ||||||||
Belgium — 2.1% | ||||||||
Ageas SA/NV | 208,976 | 11,710,353 | ||||||
Etablissements Franz Colruyt NV | 28,755 | 1,721,016 | ||||||
KBC Group NV(1) | 79,452 | 5,712,920 | ||||||
Solvay SA | 52,460 | 6,396,924 | ||||||
25,541,213 | ||||||||
Denmark — 0.3% | ||||||||
Novo Nordisk A/S, B Shares | 48,803 | 3,472,009 | ||||||
Finland — 1.2% | ||||||||
Fortum Oyj | 136,669 | 3,411,001 | ||||||
Kone Oyj, B Shares | 136,254 | 10,861,508 | ||||||
14,272,509 | ||||||||
France — 9.4% | ||||||||
BNP Paribas SA(1) | 290,316 | 17,250,290 | ||||||
Bouygues SA | 253,257 | 10,251,950 | ||||||
Cie de Saint-Gobain(1) | 122,338 | 6,554,421 | ||||||
Covivio | 28,637 | 2,405,961 | ||||||
Eiffage SA(1) | 13,675 | 1,404,569 | ||||||
Hermes International | 4,650 | 5,167,084 | ||||||
Ipsen SA | 62,501 | 5,318,026 | ||||||
Legrand SA | 49,439 | 4,288,844 | ||||||
Publicis Groupe SA | 214,260 | 12,544,240 | ||||||
Safran SA(1) | 44,079 | 6,020,742 | ||||||
Sanofi | 56,349 | 5,157,988 | ||||||
Schneider Electric SE | 58,879 | 8,724,636 | ||||||
SCOR SE(1) | 40,857 | 1,350,383 | ||||||
TOTAL SE | 596,991 | 27,656,184 | ||||||
Vinci SA | 16,677 | 1,730,612 | ||||||
115,825,930 | ||||||||
Germany — 8.9% | ||||||||
Allianz SE | 90,802 | 21,937,578 | ||||||
BASF SE | 15,578 | 1,275,528 | ||||||
Bayer AG | 41,944 | 2,537,412 |
Bayerische Motoren Werke AG | 120,022 | 10,341,066 | ||||||
Brenntag AG | 178,751 | 13,852,549 | ||||||
Commerzbank AG(1) | 236,827 | 1,553,523 | ||||||
Daimler AG | 272,005 | 21,719,742 | ||||||
Deutsche Telekom AG | 81,267 | 1,470,890 | ||||||
HeidelbergCement AG | 64,183 | 5,066,332 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 56,350 | 16,453,257 | ||||||
Siemens AG | 84,240 | 12,963,378 | ||||||
109,171,255 | ||||||||
Hong Kong — 2.4% | ||||||||
BOC Hong Kong Holdings Ltd. | 3,645,500 | 12,120,693 | ||||||
Hang Seng Bank Ltd. | 716,400 | 13,892,458 | ||||||
Techtronic Industries Co. Ltd. | 132,000 | 2,011,245 | ||||||
WH Group Ltd. | 1,689,500 | 1,515,416 | ||||||
29,539,812 | ||||||||
Israel — 0.4% | ||||||||
Israel Discount Bank Ltd., A Shares | 1,375,686 | 5,045,629 | ||||||
Italy — 2.7% | ||||||||
Enel SpA | 384,535 | 3,639,652 | ||||||
FinecoBank Banca Fineco SpA(1) | 469,186 | 8,248,424 | ||||||
Intesa Sanpaolo SpA(1) | 519,978 | 1,338,983 | ||||||
Moncler SpA(1) | 45,586 | 2,821,847 | ||||||
Tenaris SA | 1,697,826 | 17,679,509 | ||||||
33,728,415 | ||||||||
Japan — 23.6% | ||||||||
Advantest Corp. | 47,400 | 3,890,125 | ||||||
Astellas Pharma, Inc. | 587,400 | 9,303,956 | ||||||
Brother Industries Ltd. | 596,900 | 11,839,307 | ||||||
Cosmos Pharmaceutical Corp. | 51,000 | 7,305,232 | ||||||
Denso Corp. | 104,200 | 6,304,607 | ||||||
FANUC Corp. | 11,800 | 2,944,919 | ||||||
Fast Retailing Co. Ltd. | 2,300 | 2,283,496 | ||||||
Fujitsu Ltd. | 8,300 | 1,195,785 | ||||||
Iida Group Holdings Co. Ltd. | 570,500 | 13,003,431 | ||||||
ITOCHU Corp. | 95,200 | 2,856,944 | ||||||
Kajima Corp. | 213,400 | 2,747,012 | ||||||
Kao Corp. | 14,800 | 998,946 | ||||||
KDDI Corp. | 625,500 | 19,304,327 | ||||||
Komatsu Ltd. | 130,800 | 3,980,082 | ||||||
Lixil Corp. | 306,300 | 8,582,274 | ||||||
Mitsubishi Electric Corp. | 957,400 | 14,222,989 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 2,300 | 12,176 | ||||||
Mitsui & Co. Ltd. | 93,100 | 1,997,511 | ||||||
Nintendo Co. Ltd. | 22,500 | 13,666,976 | ||||||
Nippon Telegraph & Telephone Corp. | 133,000 | 3,440,873 | ||||||
Nitori Holdings Co. Ltd. | 6,200 | 1,155,923 | ||||||
Nitto Denko Corp. | 105,500 | 9,065,609 | ||||||
Obayashi Corp. | 4,400 | 38,377 | ||||||
Omron Corp. | 12,500 | 1,013,526 | ||||||
ORIX Corp. | 733,500 | 12,613,593 | ||||||
Otsuka Holdings Co. Ltd. | 243,000 | 9,734,007 | ||||||
Panasonic Corp. | 624,100 | 8,074,511 | ||||||
Recruit Holdings Co. Ltd. | 262,000 | 13,124,893 | ||||||
Renesas Electronics Corp.(1) | 760,600 | 8,393,914 | ||||||
Seiko Epson Corp. | 89,600 | 1,481,889 |
Sekisui House Ltd. | 82,600 | 1,556,739 | ||||||
Seven & i Holdings Co. Ltd. | 275,000 | 10,502,675 | ||||||
Shin-Etsu Chemical Co. Ltd. | 42,400 | 6,958,211 | ||||||
Shionogi & Co. Ltd. | 105,500 | 5,393,927 | ||||||
Shizuoka Bank Ltd. (The) | 228,100 | 1,690,038 | ||||||
Softbank Corp. | 1,204,400 | 16,333,618 | ||||||
SoftBank Group Corp. | 77,400 | 7,183,823 | ||||||
Sony Corp. | 111,900 | 11,761,669 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 200,900 | 7,120,838 | ||||||
Tokyo Electron Ltd. | 8,600 | 3,542,152 | ||||||
Toyota Industries Corp. | 65,600 | 5,678,129 | ||||||
Toyota Motor Corp. | 167,100 | 12,309,614 | ||||||
Trend Micro, Inc. | 114,000 | 5,475,093 | ||||||
290,083,736 | ||||||||
Netherlands — 3.0% | ||||||||
Koninklijke Ahold Delhaize NV | 488,674 | 12,875,934 | ||||||
NN Group NV | 188,272 | 8,674,949 | ||||||
Randstad NV(1) | 223,914 | 14,907,943 | ||||||
36,458,826 | ||||||||
Norway — 0.2% | ||||||||
Yara International ASA | 45,507 | 2,189,975 | ||||||
Portugal — 0.4% | ||||||||
Jeronimo Martins SGPS SA | 347,483 | 5,386,737 | ||||||
Singapore — 3.5% | ||||||||
DBS Group Holdings Ltd. | 701,809 | 13,910,252 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 1,489,582 | 12,202,558 | ||||||
Singapore Technologies Engineering Ltd. | 864,300 | 2,425,122 | ||||||
United Overseas Bank Ltd. | 769,200 | 14,150,675 | ||||||
42,688,607 | ||||||||
South Korea — 0.7% | ||||||||
Hyundai Motor Co. | 13,673 | 2,878,753 | ||||||
LG Chem Ltd. | 3,360 | 2,481,968 | ||||||
Samsung Electronics Co. Ltd. | 37,893 | 2,778,935 | ||||||
8,139,656 | ||||||||
Spain — 3.8% | ||||||||
ACS Actividades de Construccion y Servicios SA | 130,838 | 3,998,641 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 2,196,266 | 12,187,331 | ||||||
Banco Santander SA(1) | 51,666 | 180,532 | ||||||
CaixaBank SA | 3,058,547 | 8,878,916 | ||||||
Enagas SA | 75,478 | 1,581,108 | ||||||
Endesa SA | 148,822 | 3,683,095 | ||||||
Iberdrola SA | 310,812 | 3,902,161 | ||||||
Industria de Diseno Textil SA | 302,927 | 9,978,202 | ||||||
Naturgy Energy Group SA | 93,092 | 2,317,898 | ||||||
Telefonica SA | 27,552 | 116,800 | ||||||
46,824,684 | ||||||||
Sweden — 3.8% | ||||||||
Atlas Copco AB, A Shares | 43,663 | 2,492,076 | ||||||
H & M Hennes & Mauritz AB, B Shares(1) | 106,400 | 2,507,060 | ||||||
Husqvarna AB, B Shares | 822,638 | 10,033,410 | ||||||
Industrivarden AB, C Shares(1) | 278,425 | 9,194,490 | ||||||
Investor AB, B Shares | 166,704 | 12,332,435 | ||||||
Kinnevik AB, Class B(1) | 95,050 | 4,416,335 | ||||||
Sandvik AB(1) | 67,214 | 1,803,943 |
Telefonaktiebolaget LM Ericsson, B Shares | 325,797 | 4,072,099 | ||||||
46,851,848 | ||||||||
Switzerland — 6.7% | ||||||||
Cie Financiere Richemont SA | 23,278 | 2,240,507 | ||||||
Geberit AG | 17,120 | 10,089,706 | ||||||
Kuehne + Nagel International AG | 58,427 | 13,851,489 | ||||||
Novartis AG | 198,260 | 17,038,869 | ||||||
Partners Group Holding AG | 6,773 | 8,111,390 | ||||||
Roche Holding AG(1) | 17,755 | 5,803,789 | ||||||
Schindler Holding AG, Bearer Participation Certificate | 6,383 | 1,741,238 | ||||||
UBS Group AG | 217,458 | 3,361,431 | ||||||
Zurich Insurance Group AG(1) | 50,727 | 20,684,405 | ||||||
82,922,824 | ||||||||
Taiwan — 0.5% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 52,799 | 6,649,506 | ||||||
United Kingdom — 17.8% | ||||||||
3i Group plc | 459,083 | 7,059,679 | ||||||
Admiral Group plc | 271,677 | 11,686,702 | ||||||
Ashtead Group plc | 131,722 | 7,118,520 | ||||||
Aviva plc | 3,277,035 | 16,516,435 | ||||||
Barclays plc | 620,608 | 1,379,414 | ||||||
BHP Group plc | 511,251 | 16,158,791 | ||||||
BP plc | 582,542 | 2,368,120 | ||||||
Bunzl plc | 108,374 | 3,376,808 | ||||||
Direct Line Insurance Group plc | 1,176,462 | 5,252,865 | ||||||
Evraz plc | 2,255,003 | 17,934,630 | ||||||
Ferguson plc | 98,801 | 11,575,946 | ||||||
GlaxoSmithKline plc | 983,687 | 16,316,146 | ||||||
HSBC Holdings plc(1) | 823,200 | 4,871,158 | ||||||
ITV plc(1) | 929,855 | 1,422,655 | ||||||
JD Sports Fashion plc(1) | 302,589 | 3,499,338 | ||||||
Kingfisher plc(1) | 565,125 | 2,089,082 | ||||||
Legal & General Group plc | 3,814,767 | 13,775,354 | ||||||
M&G plc | 2,332,515 | 5,975,299 | ||||||
Next plc(1) | 89,766 | 9,435,570 | ||||||
Rio Tinto plc | 253,121 | 21,874,940 | ||||||
Royal Dutch Shell plc, B Shares | 232,563 | 4,507,918 | ||||||
St. James's Place plc | 147,260 | 2,408,060 | ||||||
Standard Life Aberdeen plc | 2,365,590 | 10,240,547 | ||||||
Unilever plc | 189,301 | 9,838,324 | ||||||
Vodafone Group plc | 7,075,864 | 12,030,848 | ||||||
218,713,149 | ||||||||
United States — 0.5% | ||||||||
Broadcom, Inc. | 6,595 | 3,098,793 | ||||||
NXP Semiconductors NV | 16,477 | 3,007,876 | ||||||
6,106,669 | ||||||||
TOTAL COMMON STOCKS (Cost $1,018,161,540) | 1,216,810,550 | |||||||
WARRANTS† | ||||||||
Switzerland† | ||||||||
Cie Financiere Richemont SA(1) (Cost $—) | 46,556 | 16,378 | ||||||
TEMPORARY CASH INVESTMENTS — 1.1% | ||||||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 1.50% - 1.625%, 12/31/21 - 8/15/26, valued at $2,034,780), in a joint trading account at 0.01%, dated 2/26/21, due 3/1/21 (Delivery value $1,994,818) | 1,994,817 |
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.75%, 1/15/28, valued at $6,783,137), at 0.01%, dated 2/26/21, due 3/1/21 (Delivery value $6,650,006) | 6,650,000 | |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 5,332,952 | 5,332,952 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $13,977,769) | 13,977,769 | |||||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,032,139,309) | 1,230,804,697 | |||||||
OTHER ASSETS AND LIABILITIES† | (321,802) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 1,230,482,895 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Financials | 30.2% | ||||
Industrials | 16.3% | ||||
Consumer Discretionary | 13.1% | ||||
Materials | 9.6% | ||||
Communication Services | 7.1% | ||||
Health Care | 6.5% | ||||
Energy | 5.8% | ||||
Information Technology | 4.5% | ||||
Consumer Staples | 4.0% | ||||
Utilities | 1.6% | ||||
Real Estate | 0.2% | ||||
Cash and Equivalents* | 1.1% |
*Includes temporary cash investments and other assets and liabilities.
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | - | American Depositary Receipt |
†Category is less than 0.05% of total net assets.
(1)Non-income producing.
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 | 12,756,175 | 1,204,054,375 | — | ||||||||
Warrants | — | 16,378 | — | ||||||||
Temporary Cash Investments | 5,332,952 | 8,644,817 | — | ||||||||
18,089,127 | 1,212,715,570 | — |
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.