Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print American Century VP International I Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 383 Foreign Large Growth Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 177.71 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks capital growth. The fund invests primarily in securities of companies located in at least three developed countries world-wide (excluding the United States). The portfolio managers look for stocks of companies they believe will increase in value over time, using an investment strategy developed by the fund's investment advisor. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts.

Morningstar Category: Foreign Large Growth Foreign large-growth portfolios focus on high-priced growth stocks, mainly outside of the United States. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). These portfolios typically will have less than 20% of assets invested in U.S. stocks.

Investment Risks Foreign Securities Funds/Emerging Market Funds: Risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 4.6 Non-U.S. Stocks 94.8 Bonds 0.0 Cash 0.6 Other 0.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 35.65 Basic Materials 9.46 Consumer Cyclical 14.37 Financial Services 9.89 Real Estate 1.93 Sensitive 40.94 Communication Services 2.19 Energy 1.51 Industrials 14.37 Technology 22.87 Defensive 23.42 Consumer Defensive 7.29 Healthcare 15.56 Utilities 0.57 Data through 2024-03-31 Morningstar World Regions % Fund Americas 7.5 North America 6.9 Latin America 0.7 Greater Europe 67.2 United Kingdom 13.0 Europe Developed 54.2 Europe Emerging 0.0 Africa/Middle East 0.0 Greater Asia 25.3 Japan 18.6 Australasia 2.6 Asia Developed 2.5 Asia Emerging 1.7 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 88 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 29.32 Turnover % (as of 2023-12-31) 52.00 30 Day SEC Yield % 0.00 Top Holdings Sector Country % of Net Assets Novo Nordisk A/S Class B Denmark 5.49 ASML Holding NV Netherlands 5.01 SAP SE Germany 3.31 Lvmh Moet Hennessy Louis Vuitton SE France 2.92 Air Liquide SA France 2.47 AstraZeneca PLC United Kingdom 2.31 London Stock Exchange Group PLC United Kingdom 2.11 Keyence Corp Japan 1.99 Airbus SE Netherlands 1.92 Schneider Electric SE France 1.79 Data through 2024-03-31

Principal Risks    Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Growth Investing, Market/Market Volatility, Socially Conscious, Shareholder Activity, Management Show Risk Definitions

Other Information Inception Date: 1994-04-29 Portfolio Manager(s) Rajesh A. Gandhi   (2008-02-29) Raj co-manages the Non-U.S. Growth strategies. Prior to his current position, he was a senior investment analyst covering European companies for the team. Before joining American Century Investments in 2002, he was a global equity analyst at Deutsche Asset Management. Raj has worked in the investment industry since 1993. He earned bachelor's degrees in finance and real estate from the University of Wisconsin. Raj is a CFA charterholder and a member of the CFA Institute. Jim Zhao   (2017-12-01) Mr. Zhao, Vice President and Portfolio Manager, has been a member of the team that manages the fund since joining American Century Investments in 2009 as a senior investment analyst. He became a vice president and senior investment analyst in 2016 and a vice president and portfolio manager in 2017. He has a bachelor’s degree in physics and a master’s degree in civil and environmental engineering from Clarkson University and an MBA from Carnegie Mellon University. He is a CFA charterholder. Investment Advisor(s) American Century Investment Management Inc Issuer American Century Investments Subadvisor(s) ---

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