NPORT-EX 2 acxm_qualitydivintletf.htm PART F (PORTFOLIO HOLDINGS) Document

American Century Investments® 
Quarterly Portfolio Holdings
American Century® Quality Diversified International ETF (QINT)
November 30, 2019









American Century Quality Diversified International ETF - Schedule of Investments
 
NOVEMBER 30, 2019 (UNAUDITED)                       
 
 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.6%
 
 
Australia — 5.8%
 
 
Aristocrat Leisure Ltd.
24,087

552,742

ASX Ltd.
1,660

91,938

BHP Group Ltd.
3,949

101,768

CIMIC Group Ltd.
5,415

123,597

Coca-Cola Amatil Ltd.
30,614

236,042

Cochlear Ltd.
672

106,320

Crown Resorts Ltd.
13,978

122,214

CSL Ltd.
655

125,965

Evolution Mining Ltd.
27,665

73,645

Fortescue Metals Group Ltd.
109,403

720,304

Goodman Group
78,962

791,604

Magellan Financial Group Ltd.
5,649

201,096

Medibank Pvt Ltd.
57,003

125,943

Mirvac Group
368,379

841,401

Newcrest Mining Ltd.
9,500

198,517

Northern Star Resources Ltd.
12,044

78,092

Orica Ltd.
6,656

107,281

Qantas Airways Ltd.
48,285

238,888

Santos Ltd.
19,974

110,134

Sonic Healthcare Ltd.
21,623

441,318

South32 Ltd.
63,587

116,159

Telstra Corp. Ltd.
45,129

118,075

Wesfarmers Ltd.
4,483

128,793

 
 
5,751,836

Austria — 1.1%
 
 
OMV AG
5,851

334,037

Raiffeisen Bank International AG
12,830

301,105

Verbund AG
9,273

482,243

 
 
1,117,385

Belgium — 1.4%
 
 
Ageas
2,561

153,764

Proximus SADP
3,979

120,073

Solvay SA
5,905

676,460

Telenet Group Holding NV(1) 
7,735

349,195

UCB SA
1,511

122,509

 
 
1,422,001

Canada — 6.3%
 
 
Air Canada(1) 
15,389

578,137

Alimentation Couche-Tard, Inc., B Shares
3,062

100,649

Canadian National Railway Co.
1,052

95,819

Canadian Pacific Railway Ltd.
3,310

788,444

Canadian Tire Corp. Ltd., Class A
3,110

361,001

CGI, Inc.(1) 
1,231

102,345




Constellation Software, Inc.
770

822,614

Dollarama, Inc.
2,953

108,227

Empire Co. Ltd., Class A
8,146

218,515

Franco-Nevada Corp.
988

97,078

Great-West Lifeco, Inc.
5,308

133,514

H&R Real Estate Investment Trust
46,568

759,042

iA Financial Corp., Inc.
2,322

119,207

Imperial Oil Ltd.
3,935

98,890

Intact Financial Corp.
1,085

111,821

Kirkland Lake Gold Ltd.
7,944

333,011

Manulife Financial Corp.
13,134

258,379

Parkland Fuel Corp.
3,097

109,727

Quebecor, Inc., Class B
4,288

106,760

RioCan Real Estate Investment Trust
5,686

116,738

SmartCentres Real Estate Investment Trust
4,764

115,240

Sun Life Financial, Inc.
2,403

109,752

Suncor Energy, Inc.
3,300

103,615

Teck Resources Ltd., Class B
6,641

104,196

Thomson Reuters Corp.
1,468

103,547

Toronto-Dominion Bank (The)
1,780

102,853

Wheaton Precious Metals Corp.
4,218

116,608

WSP Global, Inc.
1,783

115,967

 
 
6,291,696

China — 3.8%
 
 
Alibaba Group Holding Ltd. ADR(1) 
2,700

540,000

Anhui Conch Cement Co. Ltd., H Shares
113,000

722,631

ANTA Sports Products Ltd.
45,000

423,077

China Merchants Bank Co. Ltd., H Shares
22,500

106,373

ENN Energy Holdings Ltd.
1,600

17,376

Li Ning Co. Ltd.
68,000

218,093

New Oriental Education & Technology Group, Inc. ADR(1) 
1,600

193,728

Ping An Insurance Group Co. of China Ltd., H Shares
68,000

770,694

Tencent Holdings Ltd.
18,100

767,385

 
 
3,759,357

Denmark — 1.7%
 
 
Carlsberg A/S, B Shares
1,988

286,023

Chr Hansen Holding A/S
1,147

87,124

Coloplast A/S, B Shares
2,091

247,044

DSV Panalpina A/S
972

105,844

Genmab A/S(1) 
544

126,980

GN Store Nord A/S
2,302

108,476

H Lundbeck A/S
3,100

118,799

Novo Nordisk A/S, B Shares
11,241

631,725

 
 
1,712,015

Finland — 1.4%
 
 
Elisa Oyj
2,096

112,107

Kone Oyj, B Shares
1,918

120,124

Metso Oyj
6,735

257,889

Neste Oyj
3,061

103,591




UPM-Kymmene Oyj
22,687

757,953

 
 
1,351,664

France — 10.5%
 
 
Air Liquide SA
692

93,819

Amundi SA
1,508

114,152

ArcelorMittal SA
7,844

134,049

Arkema SA
1,374

142,333

Bouygues SA
3,296

134,672

Capgemini SE
3,528

417,280

Cie de Saint-Gobain
9,364

379,125

CNP Assurances
52,268

1,032,278

Credit Agricole SA
9,884

135,149

Danone SA
1,076

88,624

Eiffage SA
1,089

118,941

Engie SA
8,790

139,125

Euronext NV
7,373

557,091

Faurecia SE
3,122

165,455

Hermes International
1,629

1,220,646

Ingenico Group SA
1,169

124,736

Kering SA
1,170

704,404

L'Oreal SA
374

106,653

Legrand SA
1,391

109,872

LVMH Moet Hennessy Louis Vuitton SE
242

108,569

Orange SA
7,441

123,011

Pernod Ricard SA
504

92,599

Peugeot SA
35,341

853,444

Publicis Groupe SA
13,200

581,164

Remy Cointreau SA
680

87,615

Safran SA
711

116,255

Sanofi
14,461

1,348,854

Sartorius Stedim Biotech
674

107,047

Schneider Electric SE
2,639

254,677

Sodexo SA
1,002

116,816

Suez
8,624

127,739

Teleperformance
525

124,369

TOTAL SA
2,262

118,845

Valeo SA
4,361

171,732

Vinci SA
1,032

112,573

Worldline SA(1) 
1,396

90,345

 
 
10,454,058

Germany — 4.5%
 
 
adidas AG
686

213,885

Beiersdorf AG
812

94,770

Brenntag AG
2,342

125,002

Carl Zeiss Meditec AG
3,343

409,142

Covestro AG
7,480

350,503

CTS Eventim AG & Co. KGaA
1,760

107,490

Deutsche Lufthansa AG
22,039

418,304

Deutsche Post AG
3,971

148,182

Deutsche Telekom AG
6,767

113,695




Evonik Industries AG
26,583

771,984

GEA Group AG
4,218

135,734

Hannover Rueck SE
623

115,840

HeidelbergCement AG
1,629

120,520

KION Group AG
4,669

310,087

MTU Aero Engines AG
432

117,102

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
873

250,805

Nemetschek SE
1,820

107,628

Puma SE
1,269

95,467

Schaeffler AG Preference Shares
16,645

182,045

Symrise AG
1,032

100,180

Telefonica Deutschland Holding AG
44,355

135,526

 
 
4,423,891

Hong Kong — 0.3%
 
 
Hong Kong Exchanges & Clearing Ltd.
9,100

287,598

Ireland — 0.3%
 
 
AIB Group plc
44,614

146,596

CRH plc
3,000

114,430

 
 
261,026

Israel — 0.7%
 
 
Bank Hapoalim BM
15,417

124,448

Bank Leumi Le-Israel BM
17,064

123,899

Israel Chemicals Ltd.
25,053

117,572

Nice Ltd.(1) 
798

121,095

Teva Pharmaceutical Industries Ltd.(1) 
15,847

164,265

 
 
651,279

Italy — 3.3%
 
 
DiaSorin SpA
814

108,837

Enel SpA
15,575

117,707

Eni SpA
71,393

1,079,786

EXOR NV
1,669

127,831

Ferrari NV
810

136,936

Fiat Chrysler Automobiles NV
14,723

217,920

Hera SpA
24,168

106,668

Leonardo SpA
10,387

121,522

Mediobanca Banca di Credito Finanziario SpA
11,398

127,592

Moncler SpA
10,288

451,241

Poste Italiane SpA
9,620

112,368

Recordati SpA
8,842

371,215

Snam SpA
19,066

94,830

Terna Rete Elettrica Nazionale SpA
15,355

98,681

 
 
3,273,134

Japan — 21.0%
 
 
Advantest Corp.
4,700

229,629

Ajinomoto Co., Inc.
6,200

103,339

Alfresa Holdings Corp.
5,000

103,354

Asahi Intecc Co. Ltd.
4,300

125,458

Asahi Kasei Corp.
12,500

140,566

Astellas Pharma, Inc.
64,000

1,091,462

Bandai Namco Holdings, Inc.
3,200

194,107




Brother Industries Ltd.
13,100

260,086

Canon, Inc.
4,300

118,764

Central Japan Railway Co.
500

100,980

Chugai Pharmaceutical Co. Ltd.
13,500

1,179,220

Dai Nippon Printing Co. Ltd.
5,200

139,173

Daiichi Sankyo Co. Ltd.
1,500

94,266

Eisai Co. Ltd.
1,900

140,944

Fast Retailing Co. Ltd.
300

182,880

FUJIFILM Holdings Corp.
2,600

123,229

Fujitsu Ltd.
1,900

172,656

Hitachi High-Technologies Corp.
3,300

215,387

Hitachi Ltd.
4,100

161,210

Hoya Corp.
10,700

976,154

ITOCHU Corp.
7,400

161,538

Itochu Techno-Solutions Corp.
3,600

96,095

Japan Airlines Co. Ltd.
3,700

114,947

Japan Tobacco, Inc.
64,000

1,458,013

Kajima Corp.
9,300

122,723

Kao Corp.
1,600

125,874

KDDI Corp.
3,600

103,276

Keyence Corp.
1,200

410,828

Kirin Holdings Co. Ltd.
46,800

1,036,522

Kobayashi Pharmaceutical Co. Ltd.
1,300

106,721

Konami Holdings Corp.
2,500

109,924

Kyocera Corp.
1,900

129,391

Lion Corp.
6,000

121,007

Mazda Motor Corp.
13,500

119,806

Medipal Holdings Corp.
5,300

113,741

MEIJI Holdings Co. Ltd.
1,600

108,776

MINEBEA MITSUMI, Inc.
7,300

141,886

Mitsubishi Tanabe Pharma Corp.
10,200

186,767

Mitsubishi UFJ Financial Group, Inc.
24,900

131,605

Mitsubishi UFJ Lease & Finance Co. Ltd.
23,100

148,470

MonotaRO Co. Ltd.
7,800

219,704

NEC Corp.
5,100

203,935

Nexon Co. Ltd.(1) 
7,200

98,219

NGK Insulators Ltd.
8,400

138,623

Nihon M&A Center, Inc.
6,600

219,694

Nikon Corp.
9,100

124,938

Nippon Paint Holdings Co. Ltd.
2,400

128,138

Nippon Shinyaku Co. Ltd.
1,200

108,366

Nippon Telegraph & Telephone Corp.
4,900

247,312

Nissan Chemical Corp.
2,300

91,180

Nitto Denko Corp.
2,600

146,010

Nomura Research Institute Ltd.
4,800

101,306

NTT Data Corp.
11,300

154,167

NTT DOCOMO, Inc.
4,100

112,502

Obayashi Corp.
12,500

132,586

Obic Co. Ltd.
1,000

132,810

Oji Holdings Corp.
48,600

277,833




Oracle Corp. (Tokyo)
1,100

101,262

ORIX Corp.
8,500

139,268

Otsuka Corp.
3,400

136,334

Otsuka Holdings Co. Ltd.
3,400

148,441

PeptiDream, Inc.(1) 
3,700

170,130

Persol Holdings Co. Ltd.
4,800

88,384

Pigeon Corp.
2,700

125,657

Pola Orbis Holdings, Inc.
13,600

335,447

Recruit Holdings Co. Ltd.
23,400

847,620

Santen Pharmaceutical Co. Ltd.
5,500

103,062

SCSK Corp.
2,300

120,483

Seiko Epson Corp.
8,500

129,471

Sekisui Chemical Co. Ltd.
7,900

137,653

Sekisui House Ltd.
23,700

512,247

Shin-Etsu Chemical Co. Ltd.
1,100

117,812

Shionogi & Co. Ltd.
2,900

170,691

Sony Corp.
2,400

151,741

Sony Financial Holdings, Inc.
4,200

97,545

Subaru Corp.
5,000

131,031

Sumitomo Dainippon Pharma Co., Ltd.
6,500

123,039

Sumitomo Mitsui Financial Group, Inc.
3,400

124,004

Sumitomo Mitsui Trust Holdings, Inc.
3,500

134,013

Suntory Beverage & Food Ltd.
2,800

121,525

TDK Corp.
1,700

179,008

TIS, Inc.
2,300

136,522

Toho Co. Ltd.
2,300

93,360

Tokio Marine Holdings, Inc.
1,900

103,378

Tokyo Electron Ltd.
2,200

455,316

Toyota Tsusho Corp.
18,200

636,622

Trend Micro, Inc.
2,600

140,475

Unicharm Corp.
3,100

101,704

West Japan Railway Co.
1,500

132,097

Yamaha Motor Co. Ltd.
6,900

144,350

Z Holdings Corp.
225,300

776,907

ZOZO, Inc.
6,600

131,332

 
 
20,836,028

Netherlands — 3.8%
 
 
Akzo Nobel NV
1,076

103,071

ASML Holding NV
2,755

749,305

Heineken Holding NV
1,275

122,265

Heineken NV
906

93,896

ING Groep NV
16,178

186,118

Koninklijke Ahold Delhaize NV
21,356

550,361

Koninklijke DSM NV
775

99,301

Koninklijke KPN NV
30,443

93,818

Koninklijke Philips NV
25,943

1,204,822

Randstad NV
2,418

140,828

Wolters Kluwer NV
6,610

474,693

 
 
3,818,478

 
 
 



New Zealand — 0.2%
 
 
a2 Milk Co. Ltd.(1) 
21,153

211,383

Norway — 1.2%
 
 
Aker BP ASA
10,908

312,548

DNB ASA
7,011

117,683

Equinor ASA
6,611

121,828

Orkla ASA
26,185

253,781

Schibsted ASA, Class A
3,168

86,789

Telenor ASA
15,491

282,711

 
 
1,175,340

Portugal — 0.2%
 
 
EDP - Energias de Portugal SA
33,649

136,140

Galp Energia SGPS SA
6,713

109,313

 
 
245,453

Singapore — 2.0%
 
 
DBS Group Holdings Ltd.
11,900

219,647

Genting Singapore Ltd.
182,200

123,212

Jardine Cycle & Carriage Ltd.
5,100

114,454

Singapore Exchange Ltd.
147,000

952,257

Singapore Technologies Engineering Ltd.
40,500

122,446

Wilmar International Ltd.
164,400

492,355

 
 
2,024,371

South Korea — 1.3%
 
 
LG Household & Health Care Ltd.
136

145,707

Samsung Electronics Co. Ltd.
17,810

760,589

Samsung Securities Co. Ltd.
13,186

403,970

 
 
1,310,266

Spain — 2.4%
 
 
ACS Actividades de Construccion y Servicios SA
13,466

524,200

Aena SME SA
1,558

286,230

Amadeus IT Group SA
1,294

103,005

Banco Bilbao Vizcaya Argentaria SA
23,834

125,065

Enagas SA
4,416

110,051

Iberdrola SA
9,375

92,268

Industria de Diseno Textil SA
3,118

97,058

Repsol SA
61,321

966,821

Telefonica SA
16,299

124,751

 
 
2,429,449

Sweden — 3.6%
 
 
AAK AB
19,879

363,289

Atlas Copco AB, A Shares
3,595

131,692

Boliden AB
5,296

136,509

Electrolux AB, Series B
5,053

129,822

Hennes & Mauritz AB, B Shares
5,899

113,862

Hexagon AB, B Shares
2,172

122,769

ICA Gruppen AB
2,346

102,437

Investor AB, B Shares
2,410

127,388

Kinnevik AB, B Shares
20,757

475,348

Lundin Petroleum AB
9,525

294,003

Sandvik AB
14,608

265,546




Skanska AB, B Shares
6,032

133,299

SKF AB, B Shares
21,012

401,122

Swedish Match AB
6,204

297,236

Swedish Orphan Biovitrum AB(1) 
5,830

97,322

Telefonaktiebolaget LM Ericsson, B Shares
12,384

111,802

Volvo AB, B Shares
15,451

238,658

 
 
3,542,104

Switzerland — 6.7%
 
 
ABB Ltd.
6,300

137,682

Adecco Group AG
2,400

148,365

Baloise Holding AG
663

115,255

Barry Callebaut AG
47

94,497

Chocoladefabriken Lindt & Spruengli AG
14

106,811

EMS-Chemie Holding AG
1,136

705,057

Flughafen Zurich AG
526

93,309

Geberit AG
212

113,791

Givaudan SA
35

102,883

Helvetia Holding AG
740

101,033

LafargeHolcim Ltd.(1) 
2,392

123,327

Logitech International SA
3,603

157,437

Nestle SA
2,061

214,279

Novartis AG
4,014

370,198

Partners Group Holding AG
1,190

1,003,594

PSP Swiss Property AG
726

94,496

Roche Holding AG
2,468

760,695

Schindler Holding AG
425

101,649

Sika AG
672

116,956

Sonova Holding AG
420

95,937

Straumann Holding AG
123

118,343

Swatch Group AG (The)
417

116,683

Swiss Life Holding AG
203

100,656

Swiss Re AG
10,272

1,112,754

Swisscom AG
193

99,949

Temenos AG(1) 
646

97,922

UBS Group AG(1) 
10,709

129,755

Zurich Insurance Group AG
317

124,370

 
 
6,657,683

Taiwan — 2.5%
 
 
Advantech Co. Ltd.
91,000

894,564

Largan Precision Co. Ltd.
1,000

145,382

Taiwan Semiconductor Manufacturing Co. Ltd.
91,000

913,599

Uni-President Enterprises Corp.
136,000

323,399

Yuanta Financial Holding Co. Ltd.
319,000

206,508

 
 
2,483,452

United Kingdom — 13.5%
 
 
Admiral Group plc
3,691

102,081

Anglo American plc
10,406

272,844

Antofagasta plc
10,719

120,146

Ashtead Group plc
5,946

180,453

Associated British Foods plc
4,141

137,561




Auto Trader Group plc
26,813

194,836

BAE Systems plc
17,043

126,315

Barratt Developments plc
66,032

569,441

Berkeley Group Holdings plc
4,906

290,985

BP plc
18,566

115,403

British Land Co. plc (The)
44,237

329,304

BT Group plc
56,018

138,738

Burberry Group plc
3,664

99,447

Centrica plc
266,429

276,372

Coca-Cola HBC AG(1) 
6,304

210,251

Compass Group plc
25,532

625,073

Diageo plc
27,156

1,110,341

Direct Line Insurance Group plc
32,775

129,391

Evraz plc
36,466

174,573

Experian plc
3,148

104,248

Ferguson plc
1,781

154,756

GlaxoSmithKline plc
6,401

145,578

Halma plc
28,266

769,177

Hargreaves Lansdown plc
16,888

404,204

HSBC Holdings plc
15,699

117,064

InterContinental Hotels Group plc
1,547

100,244

International Consolidated Airlines Group SA
84,807

607,658

Intertek Group plc
1,460

104,117

ITV plc
85,218

159,796

Kingfisher plc
143,106

388,352

London Stock Exchange Group plc
1,140

101,297

Marks & Spencer Group plc
145,091

364,498

Meggitt plc
18,623

154,809

Mondi plc
5,814

125,926

Next plc
3,108

271,643

Persimmon plc
14,642

483,836

RELX plc
4,031

97,769

Rightmove plc
103,724

836,427

Rio Tinto plc
4,148

225,997

Royal Dutch Shell plc, A Shares
4,071

117,022

Sage Group plc (The)
13,253

129,100

Smith & Nephew plc
9,321

208,162

Spirax-Sarco Engineering plc
988

113,987

Taylor Wimpey plc
126,991

286,028

Vodafone Group plc
59,941

119,142

Wm Morrison Supermarkets plc
315,462

809,048

WPP plc
57,395

740,553

 
 
13,443,993

United States — 0.1%
 
 
Perrigo Co. plc
2,567

130,049

TOTAL COMMON STOCKS
(Cost $94,800,447)
 
99,064,989

 
 
 



TEMPORARY CASH INVESTMENTS — 0.3%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $289,828)
289,828

289,828

TOTAL INVESTMENT SECURITIES — 99.9%
(Cost $95,090,275)
 
99,354,817

OTHER ASSETS AND LIABILITIES — 0.1%
 
59,563

TOTAL NET ASSETS — 100.0%
 
$
99,414,380

MARKET SECTOR DIVERSIFICATION
 
(as a % of net assets)
 
Industrials
13.6
%
Consumer Discretionary
13.5
%
Financials
12.9
%
Health Care
12.8
%
Information Technology
10.7
%
Consumer Staples
10.5
%
Materials
9.7
%
Communication Services
7.0
%
Energy
4.0
%
Real Estate
3.1
%
Utilities
1.8
%
Cash and Equivalents*
0.4
%
*Includes temporary cash investments and other assets and liabilities.

NOTES TO SCHEDULE OF INVESTMENTS
ADR
-
American Depositary Receipt
(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 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.
 
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 London Stock Exchange as provided by an independent pricing service.
 
Open-end management investment companies are valued at the reported net asset value per share.
 
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 net asset value 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
Common Stocks
733,728

98,331,261


Temporary Cash Investments
289,828



 
1,023,556

98,331,261



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.