American Century Investments®
Quarterly Portfolio Holdings
Avantis® Inflation Focused Equity ETF (AVIE)
May 31, 2023
Avantis Inflation Focused Equity ETF - Schedule of Investments | ||
MAY 31, 2023 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 99.6% | ||||||||
Beverages — 8.6% | ||||||||
Boston Beer Co., Inc., Class A(1) | 31 | 10,462 | ||||||
Brown-Forman Corp., Class A | 130 | 8,170 | ||||||
Brown-Forman Corp., Class B | 767 | 47,378 | ||||||
Celsius Holdings, Inc.(1) | 130 | 16,319 | ||||||
Coca-Cola Co. | 5,963 | 355,753 | ||||||
Coca-Cola Consolidated, Inc. | 13 | 8,603 | ||||||
Constellation Brands, Inc., Class A | 299 | 72,648 | ||||||
Duckhorn Portfolio, Inc.(1) | 130 | 1,694 | ||||||
Keurig Dr Pepper, Inc. | 1,482 | 46,120 | ||||||
MGP Ingredients, Inc. | 53 | 5,038 | ||||||
Molson Coors Beverage Co., Class B | 507 | 31,358 | ||||||
Monster Beverage Corp.(1) | 1,560 | 91,447 | ||||||
National Beverage Corp.(1) | 91 | 4,497 | ||||||
PepsiCo, Inc. | 2,681 | 488,880 | ||||||
Vita Coco Co., Inc.(1) | 104 | 2,775 | ||||||
1,191,142 | ||||||||
Biotechnology — 9.9% | ||||||||
AbbVie, Inc. | 1,885 | 260,055 | ||||||
Alkermes PLC(1) | 335 | 9,692 | ||||||
Alnylam Pharmaceuticals, Inc.(1) | 205 | 37,927 | ||||||
Amgen, Inc. | 704 | 155,338 | ||||||
Apellis Pharmaceuticals, Inc.(1) | 234 | 20,089 | ||||||
Biogen, Inc.(1) | 286 | 84,773 | ||||||
BioMarin Pharmaceutical, Inc.(1) | 390 | 33,907 | ||||||
Cerevel Therapeutics Holdings, Inc.(1) | 130 | 4,238 | ||||||
CRISPR Therapeutics AG(1)(2) | 182 | 11,655 | ||||||
Cytokinetics, Inc.(1) | 247 | 9,309 | ||||||
Denali Therapeutics, Inc.(1) | 16 | 483 | ||||||
Exact Sciences Corp.(1) | 195 | 15,908 | ||||||
Exelixis, Inc.(1) | 572 | 11,028 | ||||||
Gilead Sciences, Inc. | 2,420 | 186,195 | ||||||
Halozyme Therapeutics, Inc.(1) | 377 | 12,226 | ||||||
Horizon Therapeutics PLC(1) | 247 | 24,707 | ||||||
Incyte Corp.(1) | 351 | 21,604 | ||||||
Intellia Therapeutics, Inc.(1) | 130 | 4,844 | ||||||
Ionis Pharmaceuticals, Inc.(1) | 364 | 14,888 | ||||||
Karuna Therapeutics, Inc.(1) | 65 | 14,726 | ||||||
Moderna, Inc.(1) | 546 | 69,730 | ||||||
Natera, Inc.(1) | 76 | 3,580 | ||||||
Neurocrine Biosciences, Inc.(1) | 221 | 19,786 | ||||||
Regeneron Pharmaceuticals, Inc.(1) | 143 | 105,185 | ||||||
Sarepta Therapeutics, Inc.(1) | 221 | 27,316 | ||||||
Seagen, Inc.(1) | 273 | 53,426 | ||||||
United Therapeutics Corp.(1) | 130 | 27,266 | ||||||
Vertex Pharmaceuticals, Inc.(1) | 392 | 126,839 | ||||||
1,366,720 | ||||||||
Chemicals — 3.9% | ||||||||
AdvanSix, Inc. | 78 | 2,566 | ||||||
American Vanguard Corp. | 143 | 2,440 |
Cabot Corp. | 299 | 20,476 | ||||||
CF Industries Holdings, Inc. | 897 | 55,174 | ||||||
Chemours Co. | 949 | 25,139 | ||||||
Core Molding Technologies, Inc.(1) | 35 | 644 | ||||||
Corteva, Inc. | 1,907 | 102,005 | ||||||
Dow, Inc. | 2,093 | 102,097 | ||||||
FMC Corp. | 312 | 32,473 | ||||||
Hawkins, Inc. | 78 | 3,661 | ||||||
Huntsman Corp. | 455 | 10,806 | ||||||
Intrepid Potash, Inc.(1) | 39 | 686 | ||||||
Koppers Holdings, Inc. | 86 | 2,491 | ||||||
Kronos Worldwide, Inc. | 130 | 1,072 | ||||||
LSB Industries, Inc.(1) | 130 | 1,209 | ||||||
LyondellBasell Industries NV, Class A | 910 | 77,841 | ||||||
Mativ Holdings, Inc. | 143 | 2,154 | ||||||
Mosaic Co. | 1,001 | 31,992 | ||||||
Olin Corp. | 676 | 31,982 | ||||||
Origin Materials, Inc.(1) | 338 | 1,430 | ||||||
Orion Engineered Carbons SA | 283 | 6,563 | ||||||
PureCycle Technologies, Inc.(1) | 533 | 3,672 | ||||||
Scotts Miracle-Gro Co. | 131 | 8,279 | ||||||
Trinseo PLC | 91 | 1,130 | ||||||
Tronox Holdings PLC, Class A | 338 | 3,596 | ||||||
Westlake Corp. | 104 | 10,811 | ||||||
542,389 | ||||||||
Energy Equipment and Services — 3.7% | ||||||||
Archrock, Inc. | 784 | 7,056 | ||||||
Baker Hughes Co. | 2,533 | 69,024 | ||||||
Bristow Group, Inc.(1) | 87 | 2,127 | ||||||
Cactus, Inc., Class A | 244 | 7,706 | ||||||
ChampionX Corp. | 863 | 21,799 | ||||||
Core Laboratories, Inc. | 104 | 2,275 | ||||||
Diamond Offshore Drilling, Inc.(1) | 585 | 6,406 | ||||||
DMC Global, Inc.(1) | 91 | 1,476 | ||||||
Dril-Quip, Inc.(1) | 159 | 3,554 | ||||||
Expro Group Holdings NV(1) | 395 | 6,553 | ||||||
Halliburton Co. | 2,083 | 59,678 | ||||||
Helix Energy Solutions Group, Inc.(1) | 808 | 5,074 | ||||||
Helmerich & Payne, Inc. | 416 | 12,846 | ||||||
KLX Energy Services Holdings, Inc.(1) | 55 | 437 | ||||||
Liberty Energy, Inc., Class A | 767 | 9,005 | ||||||
Nabors Industries Ltd.(1) | 39 | 3,264 | ||||||
Newpark Resources, Inc.(1) | 187 | 647 | ||||||
NexTier Oilfield Solutions, Inc.(1) | 949 | 7,155 | ||||||
Nine Energy Service, Inc.(1) | 81 | 243 | ||||||
Noble Corp. PLC(1) | 417 | 15,738 | ||||||
NOV, Inc. | 1,456 | 20,486 | ||||||
Oceaneering International, Inc.(1) | 432 | 6,614 | ||||||
Oil States International, Inc.(1) | 145 | 922 | ||||||
Patterson-UTI Energy, Inc. | 910 | 8,863 | ||||||
ProFrac Holding Corp., Class A(1) | 117 | 1,313 | ||||||
ProPetro Holding Corp.(1) | 478 | 3,188 | ||||||
RPC, Inc. | 384 | 2,554 | ||||||
Schlumberger NV | 2,938 | 125,835 | ||||||
Select Water Solutions, Inc., Class A | 208 | 1,510 |
Solaris Oilfield Infrastructure, Inc., Class A | 143 | 1,048 | ||||||
TechnipFMC PLC(1) | 2,249 | 29,552 | ||||||
TETRA Technologies, Inc.(1) | 520 | 1,352 | ||||||
Tidewater, Inc.(1) | 240 | 10,754 | ||||||
Transocean Ltd.(1) | 3,097 | 17,715 | ||||||
US Silica Holdings, Inc.(1) | 315 | 3,569 | ||||||
Valaris Ltd.(1) | 247 | 14,259 | ||||||
Weatherford International PLC(1) | 301 | 16,988 | ||||||
508,585 | ||||||||
Financial Services — 5.5% | ||||||||
Berkshire Hathaway, Inc., Class B(1) | 2,366 | 759,675 | ||||||
Cannae Holdings, Inc.(1) | 365 | 7,172 | ||||||
766,847 | ||||||||
Food Products — 1.6% | ||||||||
Alico, Inc. | 52 | 1,204 | ||||||
Archer-Daniels-Midland Co. | 1,508 | 106,540 | ||||||
Bunge Ltd. | 468 | 43,356 | ||||||
Darling Ingredients, Inc.(1) | 559 | 35,429 | ||||||
Fresh Del Monte Produce, Inc. | 195 | 5,140 | ||||||
Ingredion, Inc. | 247 | 25,836 | ||||||
217,505 | ||||||||
Health Care Providers and Services — 9.5% | ||||||||
AdaptHealth Corp.(1) | 221 | 2,316 | ||||||
AmerisourceBergen Corp. | 445 | 75,717 | ||||||
Cardinal Health, Inc. | 793 | 65,264 | ||||||
Centene Corp.(1) | 1,300 | 81,133 | ||||||
Elevance Health, Inc. | 416 | 186,293 | ||||||
HealthEquity, Inc.(1) | 221 | 12,111 | ||||||
Henry Schein, Inc.(1) | 234 | 17,293 | ||||||
Humana, Inc. | 286 | 143,535 | ||||||
McKesson Corp. | 299 | 116,861 | ||||||
Molina Healthcare, Inc.(1) | 182 | 49,850 | ||||||
Owens & Minor, Inc.(1) | 117 | 2,376 | ||||||
Patterson Cos., Inc. | 247 | 6,469 | ||||||
Progyny, Inc.(1) | 217 | 8,083 | ||||||
UnitedHealth Group, Inc. | 1,113 | 542,298 | ||||||
1,309,599 | ||||||||
Household Products — 7.2% | ||||||||
Central Garden & Pet Co.(1) | 39 | 1,416 | ||||||
Central Garden & Pet Co., Class A(1) | 156 | 5,359 | ||||||
Church & Dwight Co., Inc. | 611 | 56,487 | ||||||
Clorox Co. | 468 | 74,028 | ||||||
Colgate-Palmolive Co. | 2,340 | 174,049 | ||||||
Energizer Holdings, Inc. | 273 | 8,900 | ||||||
Kimberly-Clark Corp. | 1,079 | 144,888 | ||||||
Procter & Gamble Co. | 3,591 | 511,717 | ||||||
Reynolds Consumer Products, Inc. | 195 | 5,351 | ||||||
Spectrum Brands Holdings, Inc. | 117 | 8,448 | ||||||
WD-40 Co. | 52 | 9,862 | ||||||
1,000,505 | ||||||||
Insurance — 10.1% | ||||||||
Aflac, Inc. | 1,404 | 90,151 | ||||||
Allstate Corp. | 455 | 49,345 | ||||||
Ambac Financial Group, Inc.(1) | 182 | 2,535 |
American Equity Investment Life Holding Co. | 208 | 8,206 | ||||||
American Financial Group, Inc. | 195 | 21,893 | ||||||
American International Group, Inc. | 1,512 | 79,879 | ||||||
AMERISAFE, Inc. | 52 | 2,655 | ||||||
Arch Capital Group Ltd.(1) | 988 | 68,864 | ||||||
Argo Group International Holdings Ltd. | 65 | 1,905 | ||||||
Assurant, Inc. | 104 | 12,479 | ||||||
Assured Guaranty Ltd. | 130 | 6,727 | ||||||
Axis Capital Holdings Ltd. | 234 | 12,145 | ||||||
Brighthouse Financial, Inc.(1) | 221 | 8,897 | ||||||
Chubb Ltd. | 624 | 115,939 | ||||||
Cincinnati Financial Corp. | 403 | 38,889 | ||||||
CNA Financial Corp. | 52 | 1,917 | ||||||
CNO Financial Group, Inc. | 221 | 4,798 | ||||||
Donegal Group, Inc., Class A | 91 | 1,309 | ||||||
Employers Holdings, Inc. | 91 | 3,291 | ||||||
Enstar Group Ltd.(1) | 13 | 3,060 | ||||||
Erie Indemnity Co., Class A | 78 | 16,700 | ||||||
Everest Re Group Ltd. | 104 | 35,362 | ||||||
F&G Annuities & Life, Inc. | 29 | 600 | ||||||
Fidelity National Financial, Inc. | 468 | 15,978 | ||||||
First American Financial Corp. | 195 | 10,711 | ||||||
Genworth Financial, Inc., Class A(1) | 1,885 | 10,085 | ||||||
Globe Life, Inc. | 234 | 24,144 | ||||||
Greenlight Capital Re Ltd., A Shares(1) | 169 | 1,624 | ||||||
Hanover Insurance Group, Inc. | 65 | 7,245 | ||||||
Hartford Financial Services Group, Inc. | 858 | 58,790 | ||||||
Horace Mann Educators Corp. | 104 | 3,125 | ||||||
James River Group Holdings Ltd. | 117 | 2,239 | ||||||
Kemper Corp. | 171 | 7,401 | ||||||
Kinsale Capital Group, Inc. | 65 | 19,694 | ||||||
Lemonade, Inc.(1)(2) | 78 | 1,374 | ||||||
Lincoln National Corp. | 247 | 5,167 | ||||||
Loews Corp. | 429 | 24,024 | ||||||
Markel Group, Inc.(1) | 23 | 30,239 | ||||||
MBIA, Inc.(1) | 143 | 1,138 | ||||||
Mercury General Corp. | 52 | 1,561 | ||||||
MetLife, Inc. | 1,105 | 54,753 | ||||||
National Western Life Group, Inc., Class A | 12 | 4,476 | ||||||
Old Republic International Corp. | 832 | 20,376 | ||||||
Oscar Health, Inc., Class A(1) | 273 | 2,004 | ||||||
Palomar Holdings, Inc.(1) | 78 | 4,263 | ||||||
Primerica, Inc. | 130 | 23,663 | ||||||
Principal Financial Group, Inc. | 656 | 42,942 | ||||||
ProAssurance Corp. | 130 | 1,579 | ||||||
Progressive Corp. | 988 | 126,375 | ||||||
Prudential Financial, Inc. | 637 | 50,126 | ||||||
Reinsurance Group of America, Inc. | 234 | 32,760 | ||||||
RenaissanceRe Holdings Ltd. | 104 | 19,590 | ||||||
RLI Corp. | 117 | 14,490 | ||||||
Safety Insurance Group, Inc. | 52 | 3,787 | ||||||
Selective Insurance Group, Inc. | 130 | 12,575 | ||||||
SiriusPoint Ltd.(1) | 286 | 2,663 | ||||||
Stewart Information Services Corp. | 52 | 2,332 |
Tiptree, Inc. | 130 | 1,715 | ||||||
Travelers Cos., Inc. | 520 | 88,005 | ||||||
Trupanion, Inc.(1)(2) | 52 | 1,168 | ||||||
United Fire Group, Inc. | 78 | 1,675 | ||||||
Universal Insurance Holdings, Inc. | 130 | 1,865 | ||||||
Unum Group | 676 | 29,372 | ||||||
W R Berkley Corp. | 481 | 26,782 | ||||||
White Mountains Insurance Group Ltd. | 13 | 17,604 | ||||||
1,399,025 | ||||||||
Metals and Mining — 5.3% | ||||||||
Alcoa Corp. | 535 | 16,970 | ||||||
Alpha Metallurgical Resources, Inc. | 104 | 14,037 | ||||||
Arconic Corp.(1) | 509 | 14,715 | ||||||
ATI, Inc.(1) | 559 | 19,330 | ||||||
Carpenter Technology Corp. | 214 | 9,760 | ||||||
Century Aluminum Co.(1) | 221 | 1,733 | ||||||
Cleveland-Cliffs, Inc.(1) | 2,186 | 30,342 | ||||||
Coeur Mining, Inc.(1) | 1,252 | 3,756 | ||||||
Commercial Metals Co. | 585 | 25,009 | ||||||
Compass Minerals International, Inc. | 157 | 4,982 | ||||||
Freeport-McMoRan, Inc. | 3,462 | 118,885 | ||||||
Gatos Silver, Inc.(1) | 210 | 945 | ||||||
Haynes International, Inc. | 65 | 2,822 | ||||||
Hecla Mining Co. | 2,042 | 10,884 | ||||||
Ivanhoe Electric, Inc.(1) | 334 | 4,172 | ||||||
Kaiser Aluminum Corp. | 64 | 3,866 | ||||||
Materion Corp. | 91 | 9,131 | ||||||
MP Materials Corp.(1) | 221 | 4,579 | ||||||
Newmont Corp. | 2,240 | 90,832 | ||||||
Nucor Corp. | 1,019 | 134,569 | ||||||
Olympic Steel, Inc. | 65 | 2,718 | ||||||
Piedmont Lithium, Inc.(1) | 52 | 2,848 | ||||||
Ramaco Resources, Inc. | 156 | 1,156 | ||||||
Reliance Steel & Aluminum Co. | 234 | 54,915 | ||||||
Royal Gold, Inc. | 210 | 26,006 | ||||||
Ryerson Holding Corp. | 102 | 3,467 | ||||||
Schnitzer Steel Industries, Inc., Class A | 126 | 3,466 | ||||||
Steel Dynamics, Inc. | 780 | 71,682 | ||||||
SunCoke Energy, Inc. | 537 | 3,646 | ||||||
TimkenSteel Corp.(1) | 173 | 2,946 | ||||||
Tredegar Corp. | 143 | 1,005 | ||||||
United States Steel Corp. | 1,018 | 21,297 | ||||||
Warrior Met Coal, Inc. | 260 | 8,523 | ||||||
Worthington Industries, Inc. | 130 | 7,297 | ||||||
732,291 | ||||||||
Oil, Gas and Consumable Fuels — 22.1% | ||||||||
Antero Midstream Corp. | 819 | 8,362 | ||||||
Antero Resources Corp.(1) | 832 | 16,981 | ||||||
APA Corp. | 780 | 24,788 | ||||||
Arch Resources, Inc. | 65 | 6,718 | ||||||
Ardmore Shipping Corp. | 143 | 1,675 | ||||||
Berry Corp. | 182 | 1,147 | ||||||
California Resources Corp. | 195 | 7,320 | ||||||
Callon Petroleum Co.(1) | 91 | 2,787 |
Centrus Energy Corp., Class A(1) | 39 | 1,150 | ||||||
Cheniere Energy, Inc. | 455 | 63,595 | ||||||
Chesapeake Energy Corp. | 351 | 26,413 | ||||||
Chevron Corp. | 2,730 | 411,193 | ||||||
Chord Energy Corp. | 117 | 16,736 | ||||||
Civitas Resources, Inc. | 182 | 12,158 | ||||||
Clean Energy Fuels Corp.(1) | 416 | 1,672 | ||||||
CNX Resources Corp.(1) | 503 | 7,771 | ||||||
Comstock Resources, Inc.(2) | 325 | 3,029 | ||||||
ConocoPhillips | 2,418 | 240,107 | ||||||
CONSOL Energy, Inc. | 104 | 5,612 | ||||||
Coterra Energy, Inc. | 2,171 | 50,476 | ||||||
Crescent Energy Co., Class A(2) | 104 | 979 | ||||||
CVR Energy, Inc.(2) | 104 | 2,435 | ||||||
Delek US Holdings, Inc. | 208 | 4,580 | ||||||
Denbury, Inc.(1) | 130 | 11,722 | ||||||
Devon Energy Corp. | 1,677 | 77,310 | ||||||
DHT Holdings, Inc. | 442 | 3,399 | ||||||
Diamondback Energy, Inc. | 416 | 52,894 | ||||||
Dorian LPG Ltd. | 104 | 2,400 | ||||||
DT Midstream, Inc. | 247 | 11,229 | ||||||
Earthstone Energy, Inc., Class A(1) | 156 | 1,874 | ||||||
EnLink Midstream LLC(1) | 689 | 6,725 | ||||||
Enviva, Inc. | 16 | 140 | ||||||
EOG Resources, Inc. | 1,170 | 125,529 | ||||||
EQT Corp. | 1,014 | 35,257 | ||||||
Equitrans Midstream Corp. | 1,508 | 12,863 | ||||||
Excelerate Energy, Inc., Class A | 65 | 1,206 | ||||||
Exxon Mobil Corp. | 6,773 | 692,065 | ||||||
Green Plains, Inc.(1) | 169 | 4,901 | ||||||
Gulfport Energy Corp.(1) | 26 | 2,523 | ||||||
Hess Corp. | 676 | 85,629 | ||||||
Hess Midstream LP, Class A | 117 | 3,263 | ||||||
HF Sinclair Corp. | 507 | 21,010 | ||||||
HighPeak Energy, Inc. | 65 | 802 | ||||||
International Seaways, Inc. | 156 | 5,624 | ||||||
Kimbell Royalty Partners LP | 156 | 2,298 | ||||||
Kinder Morgan, Inc. | 3,250 | 52,357 | ||||||
Kinetik Holdings, Inc.(2) | 39 | 1,269 | ||||||
Kosmos Energy Ltd.(1) | 1,729 | 10,305 | ||||||
Magnolia Oil & Gas Corp., Class A | 481 | 9,298 | ||||||
Marathon Oil Corp. | 1,690 | 37,450 | ||||||
Marathon Petroleum Corp. | 1,090 | 114,352 | ||||||
Matador Resources Co. | 325 | 14,290 | ||||||
Murphy Oil Corp. | 312 | 10,858 | ||||||
New Fortress Energy, Inc. | 117 | 3,074 | ||||||
NextDecade Corp.(1) | 64 | 355 | ||||||
Nordic American Tankers Ltd. | 676 | 2,373 | ||||||
Northern Oil & Gas, Inc. | 246 | 7,358 | ||||||
Occidental Petroleum Corp. | 1,599 | 92,198 | ||||||
ONEOK, Inc. | 858 | 48,614 | ||||||
Ovintiv, Inc. | 663 | 21,925 | ||||||
Par Pacific Holdings, Inc.(1) | 169 | 3,603 | ||||||
PBF Energy, Inc., Class A | 390 | 14,356 |
PDC Energy, Inc. | 234 | 16,057 | ||||||
Peabody Energy Corp. | 414 | 7,518 | ||||||
Permian Resources Corp. | 442 | 4,124 | ||||||
Phillips 66 | 1,144 | 104,802 | ||||||
Pioneer Natural Resources Co. | 416 | 82,967 | ||||||
Plains GP Holdings LP, Class A(1) | 559 | 7,602 | ||||||
Range Resources Corp. | 806 | 22,060 | ||||||
Ranger Oil Corp., Class A | 65 | 2,389 | ||||||
REX American Resources Corp.(1) | 52 | 1,713 | ||||||
SandRidge Energy, Inc. | 117 | 1,576 | ||||||
Scorpio Tankers, Inc. | 169 | 7,735 | ||||||
SFL Corp. Ltd. | 325 | 2,789 | ||||||
SilverBow Resources, Inc.(1) | 65 | 1,552 | ||||||
Sitio Royalties Corp., Class A | 243 | 6,192 | ||||||
SM Energy Co. | 377 | 9,911 | ||||||
Southwestern Energy Co.(1) | 3,770 | 17,983 | ||||||
Talos Energy, Inc.(1) | 247 | 3,041 | ||||||
Targa Resources Corp. | 546 | 37,155 | ||||||
Teekay Corp.(1) | 377 | 2,115 | ||||||
Teekay Tankers Ltd., Class A | 78 | 2,818 | ||||||
Texas Pacific Land Corp. | 13 | 16,948 | ||||||
Uranium Energy Corp.(1) | 416 | 1,077 | ||||||
Valero Energy Corp. | 988 | 105,756 | ||||||
Viper Energy Partners LP | 182 | 4,692 | ||||||
Vital Energy, Inc.(1) | 52 | 2,157 | ||||||
W&T Offshore, Inc.(1) | 273 | 1,057 | ||||||
Williams Cos., Inc. | 2,119 | 60,731 | ||||||
World Fuel Services Corp. | 143 | 3,270 | ||||||
3,060,169 | ||||||||
Pharmaceuticals — 9.8% | ||||||||
Bristol-Myers Squibb Co. | 2,249 | 144,926 | ||||||
Catalent, Inc.(1) | 285 | 10,611 | ||||||
Elanco Animal Health, Inc.(1) | 299 | 2,437 | ||||||
Eli Lilly & Co. | 857 | 368,047 | ||||||
Intra-Cellular Therapies, Inc.(1) | 138 | 8,194 | ||||||
Jazz Pharmaceuticals PLC(1) | 91 | 11,663 | ||||||
Johnson & Johnson | 1,352 | 209,641 | ||||||
Merck & Co., Inc. | 2,930 | 323,501 | ||||||
Organon & Co. | 221 | 4,285 | ||||||
Perrigo Co. PLC | 209 | 6,680 | ||||||
Pfizer, Inc. | 4,407 | 167,554 | ||||||
Royalty Pharma PLC, Class A | 429 | 14,045 | ||||||
Viatris, Inc. | 1,794 | 16,415 | ||||||
Zoetis, Inc. | 416 | 67,812 | ||||||
1,355,811 | ||||||||
Specialized REITs — 0.7% | ||||||||
PotlatchDeltic Corp. | 367 | 17,076 | ||||||
Rayonier, Inc. | 468 | 13,722 | ||||||
Weyerhaeuser Co. | 2,254 | 64,600 | ||||||
95,398 | ||||||||
Specialty Retail† | ||||||||
GrowGeneration Corp.(1) | 81 | 300 | ||||||
Tobacco — 1.7% | ||||||||
Philip Morris International, Inc. | 2,420 | 217,824 |
Universal Corp. | 78 | 4,021 | ||||||
Vector Group Ltd. | 491 | 5,750 | ||||||
227,595 | ||||||||
TOTAL COMMON STOCKS (Cost $15,430,710) | 13,773,881 | |||||||
SHORT-TERM INVESTMENTS — 0.2% | ||||||||
Money Market Funds — 0.2% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 11,143 | 11,143 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 11,467 | 11,467 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $22,610) | 22,610 | |||||||
TOTAL INVESTMENT SECURITIES — 99.8% (Cost $15,453,320) | 13,796,491 | |||||||
OTHER ASSETS AND LIABILITIES — 0.2% | 32,419 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 13,828,910 |
NOTES TO SCHEDULE OF INVESTMENTS |
†Category is less than 0.05% of total net assets.
(1)Non-income producing.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $11,657. 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)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $11,980, which includes securities collateral of $513.
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 value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually.
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.
Open-end management investment companies are valued at the reported NAV per share.
If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.
The valuation designee 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; regulatory news, 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 valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee 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 investment 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.
As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.
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.