American Century Investments®
Quarterly Portfolio Holdings
American Century® Diversified Corporate Bond ETF (KORP)
May 31, 2023
Diversified Corporate Bond ETF - Schedule of Investments | ||
MAY 31, 2023 (UNAUDITED) |
Principal Amount ($)/ Shares | Value ($) | |||||||
CORPORATE BONDS — 93.1% | ||||||||
Aerospace and Defense — 1.7% | ||||||||
Boeing Co., 5.15%, 5/1/30 | 900,000 | 893,027 | ||||||
Lockheed Martin Corp., 4.45%, 5/15/28 | 1,000,000 | 998,224 | ||||||
Raytheon Technologies Corp., 2.25%, 7/1/30 | 1,792,000 | 1,518,613 | ||||||
3,409,864 | ||||||||
Air Freight and Logistics — 0.2% | ||||||||
GXO Logistics, Inc., 2.65%, 7/15/31 | 492,000 | 382,107 | ||||||
Automobiles — 2.6% | ||||||||
American Honda Finance Corp., 5.00%, 5/23/25 | 750,000 | 749,295 | ||||||
General Motors Financial Co., Inc., 5.10%, 1/17/24 | 849,000 | 845,922 | ||||||
General Motors Financial Co., Inc., 1.20%, 10/15/24 | 1,000,000 | 941,284 | ||||||
General Motors Financial Co., Inc., 3.80%, 4/7/25 | 400,000 | 386,710 | ||||||
General Motors Financial Co., Inc., 5.85%, 4/6/30 | 340,000 | 336,868 | ||||||
Mercedes-Benz Finance North America LLC, 5.375%, 11/26/25(1) | 290,000 | 292,521 | ||||||
Toyota Motor Credit Corp., 3.95%, 6/30/25 | 853,000 | 839,576 | ||||||
Toyota Motor Credit Corp., 4.55%, 5/17/30 | 1,000,000 | 987,300 | ||||||
5,379,476 | ||||||||
Banks — 19.3% | ||||||||
Banco Santander SA, VRN, 1.72%, 9/14/27 | 900,000 | 786,902 | ||||||
Bank of America Corp., VRN, 1.73%, 7/22/27 | 770,000 | 687,015 | ||||||
Bank of America Corp., VRN, 2.88%, 10/22/30 | 3,075,000 | 2,651,342 | ||||||
Bank of America Corp., VRN, 4.57%, 4/27/33 | 2,840,000 | 2,670,225 | ||||||
Bank of Montreal, 5.20%, 2/1/28 | 1,236,000 | 1,242,136 | ||||||
Barclays PLC, VRN, 2.28%, 11/24/27 | 897,000 | 797,571 | ||||||
BNP Paribas SA, VRN, 2.22%, 6/9/26(1) | 1,045,000 | 970,467 | ||||||
Canadian Imperial Bank of Commerce, 5.00%, 4/28/28 | 1,085,000 | 1,074,000 | ||||||
Citigroup, Inc., VRN, 2.01%, 1/25/26 | 870,000 | 818,904 | ||||||
Citigroup, Inc., VRN, 3.52%, 10/27/28 | 1,781,000 | 1,658,677 | ||||||
Citigroup, Inc., VRN, 4.41%, 3/31/31 | 255,000 | 241,377 | ||||||
Citigroup, Inc., VRN, 2.52%, 11/3/32 | 1,250,000 | 1,009,593 | ||||||
Citigroup, Inc., VRN, 3.06%, 1/25/33 | 190,000 | 159,908 | ||||||
Commonwealth Bank of Australia, 5.32%, 3/13/26 | 815,000 | 824,987 | ||||||
Credit Agricole SA, 5.30%, 7/12/28(1)(2) | 725,000 | 735,121 | ||||||
Discover Bank, VRN, 4.68%, 8/9/28 | 1,375,000 | 1,266,432 | ||||||
Fifth Third Bank NA, 3.85%, 3/15/26 | 500,000 | 453,743 | ||||||
HSBC Holdings PLC, VRN, 1.16%, 11/22/24 | 518,000 | 505,360 | ||||||
HSBC Holdings PLC, VRN, 4.76%, 6/9/28 | 2,300,000 | 2,231,663 | ||||||
HSBC Holdings PLC, VRN, 6.16%, 3/9/29 | 790,000 | 806,119 | ||||||
JPMorgan Chase & Co., VRN, 1.58%, 4/22/27 | 91,000 | 81,795 | ||||||
JPMorgan Chase & Co., VRN, 2.07%, 6/1/29 | 921,000 | 797,558 | ||||||
JPMorgan Chase & Co., VRN, 2.52%, 4/22/31 | 1,335,000 | 1,134,842 | ||||||
JPMorgan Chase & Co., VRN, 2.58%, 4/22/32 | 1,685,000 | 1,403,714 | ||||||
Lloyds Banking Group PLC, VRN, 5.87%, 3/6/29 | 349,000 | 352,099 | ||||||
Mitsubishi UFJ Financial Group, Inc., VRN, 5.72%, 2/20/26 | 627,000 | 626,923 | ||||||
Mitsubishi UFJ Financial Group, Inc., VRN, 5.42%, 2/22/29 | 1,337,000 | 1,340,650 | ||||||
PNC Financial Services Group, Inc., VRN, 4.76%, 1/26/27 | 1,165,000 | 1,150,840 | ||||||
Royal Bank of Canada, 4.24%, 8/3/27 | 1,222,000 | 1,188,098 | ||||||
Societe Generale SA, VRN, 2.23%, 1/21/26(1) | 1,320,000 | 1,225,822 | ||||||
Societe Generale SA, VRN, 6.69%, 1/10/34(1) | 218,000 | 223,690 |
Sumitomo Mitsui Trust Bank Ltd., 5.65%, 3/9/26(1) | 500,000 | 505,912 | ||||||
Toronto-Dominion Bank, 4.69%, 9/15/27 | 933,000 | 916,121 | ||||||
Toronto-Dominion Bank, 2.45%, 1/12/32 | 350,000 | 286,545 | ||||||
Truist Bank, 3.30%, 5/15/26 | 1,674,000 | 1,532,935 | ||||||
Truist Bank, VRN, 2.64%, 9/17/29 | 1,159,000 | 1,072,251 | ||||||
UniCredit SpA, 7.83%, 12/4/23(1) | 475,000 | 477,076 | ||||||
Wells Fargo & Co., VRN, 1.65%, 6/2/24 | 1,231,000 | 1,231,000 | ||||||
Wells Fargo & Co., VRN, 4.54%, 8/15/26 | 150,000 | 147,511 | ||||||
Wells Fargo & Co., VRN, 3.58%, 5/22/28 | 970,000 | 910,730 | ||||||
Wells Fargo & Co., VRN, 4.48%, 4/4/31 | 685,000 | 652,556 | ||||||
Wells Fargo & Co., VRN, 4.90%, 7/25/33 | 155,000 | 149,661 | ||||||
Wells Fargo & Co., VRN, 5.39%, 4/24/34 | 511,000 | 511,977 | ||||||
39,511,848 | ||||||||
Beverages — 1.5% | ||||||||
Anheuser-Busch InBev Worldwide, Inc., 4.75%, 1/23/29 | 2,000,000 | 2,015,489 | ||||||
PepsiCo, Inc., 3.60%, 2/18/28 | 1,050,000 | 1,024,076 | ||||||
3,039,565 | ||||||||
Biotechnology — 1.7% | ||||||||
AbbVie, Inc., 3.20%, 11/21/29 | 1,288,000 | 1,169,621 | ||||||
Amgen, Inc., 5.25%, 3/2/25 | 350,000 | 351,118 | ||||||
Amgen, Inc., 4.05%, 8/18/29 | 970,000 | 924,746 | ||||||
Amgen, Inc., 5.25%, 3/2/33 | 286,000 | 287,134 | ||||||
CSL Finance PLC, 3.85%, 4/27/27(1)(2) | 816,000 | 787,474 | ||||||
3,520,093 | ||||||||
Broadline Retail — 0.2% | ||||||||
Amazon.com, Inc., 4.55%, 12/1/27 | 450,000 | 453,779 | ||||||
Building Products — 0.1% | ||||||||
Trane Technologies Financing Ltd., 5.25%, 3/3/33 | 200,000 | 203,756 | ||||||
Capital Markets — 6.9% | ||||||||
Ameriprise Financial, Inc., 5.15%, 5/15/33 | 600,000 | 598,886 | ||||||
Charles Schwab Corp., VRN, 5.85%, 5/19/34 | 340,000 | 344,904 | ||||||
Deutsche Bank AG, VRN, 1.45%, 4/1/25 | 575,000 | 541,830 | ||||||
Deutsche Bank AG, Series E, 0.96%, 11/8/23 | 510,000 | 495,980 | ||||||
Goldman Sachs Group, Inc., VRN, 1.76%, 1/24/25 | 524,000 | 509,285 | ||||||
Goldman Sachs Group, Inc., VRN, 1.43%, 3/9/27 | 415,000 | 373,011 | ||||||
Goldman Sachs Group, Inc., VRN, 1.95%, 10/21/27 | 1,532,000 | 1,365,140 | ||||||
Goldman Sachs Group, Inc., VRN, 3.81%, 4/23/29 | 1,034,000 | 964,723 | ||||||
Goldman Sachs Group, Inc., VRN, 1.99%, 1/27/32 | 1,360,000 | 1,075,351 | ||||||
Morgan Stanley, VRN, 1.16%, 10/21/25 | 893,000 | 834,350 | ||||||
Morgan Stanley, VRN, 2.63%, 2/18/26 | 1,026,000 | 975,665 | ||||||
Morgan Stanley, VRN, 0.99%, 12/10/26 | 365,000 | 326,363 | ||||||
Morgan Stanley, VRN, 3.77%, 1/24/29 | 915,000 | 858,540 | ||||||
Morgan Stanley, VRN, 5.12%, 2/1/29 | 191,000 | 190,154 | ||||||
Morgan Stanley, VRN, 5.16%, 4/20/29 | 331,000 | 330,167 | ||||||
Morgan Stanley, VRN, 2.70%, 1/22/31 | 1,010,000 | 864,141 | ||||||
Morgan Stanley, VRN, 2.51%, 10/20/32 | 410,000 | 333,040 | ||||||
Morgan Stanley, VRN, 6.34%, 10/18/33 | 650,000 | 696,679 | ||||||
Owl Rock Capital Corp., 3.40%, 7/15/26 | 470,000 | 416,218 | ||||||
OWL Rock Core Income Corp., 3.125%, 9/23/26 | 126,000 | 108,838 | ||||||
State Street Corp., VRN, 5.10%, 5/18/26 | 615,000 | 613,662 | ||||||
State Street Corp., VRN, 5.82%, 11/4/28 | 950,000 | 978,466 | ||||||
UBS Group AG, VRN, 2.75%, 2/11/33(1) | 430,000 | 340,189 | ||||||
14,135,582 | ||||||||
Commercial Services and Supplies — 1.2% | ||||||||
Republic Services, Inc., 2.90%, 7/1/26 | 1,585,000 | 1,499,075 |
Republic Services, Inc., 4.875%, 4/1/29 | 250,000 | 250,715 | ||||||
Waste Connections, Inc., 4.25%, 12/1/28 | 760,000 | 739,608 | ||||||
2,489,398 | ||||||||
Construction and Engineering — 0.3% | ||||||||
Quanta Services, Inc., 2.35%, 1/15/32 | 876,000 | 696,600 | ||||||
Consumer Finance — 0.7% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 1.75%, 10/29/24 | 745,000 | 699,492 | ||||||
BOC Aviation USA Corp., 1.625%, 4/29/24(1) | 760,000 | 732,536 | ||||||
1,432,028 | ||||||||
Consumer Staples Distribution & Retail — 2.3% | ||||||||
Sysco Corp., 5.95%, 4/1/30 | 1,609,000 | 1,698,689 | ||||||
Walmart, Inc., 4.00%, 4/15/26 | 1,964,000 | 1,952,247 | ||||||
Walmart, Inc., 3.90%, 4/15/28 | 1,000,000 | 989,479 | ||||||
4,640,415 | ||||||||
Containers and Packaging — 0.6% | ||||||||
Berry Global, Inc., 5.50%, 4/15/28(1) | 800,000 | 791,840 | ||||||
Sonoco Products Co., 2.25%, 2/1/27 | 397,000 | 359,056 | ||||||
1,150,896 | ||||||||
Diversified REITs — 1.7% | ||||||||
Boston Properties LP, 3.125%, 9/1/23 | 1,075,000 | 1,063,564 | ||||||
GLP Capital LP / GLP Financing II, Inc., 5.375%, 4/15/26 | 1,133,000 | 1,101,524 | ||||||
Healthpeak OP LLC, 5.25%, 12/15/32 | 512,000 | 501,436 | ||||||
VICI Properties LP, 4.375%, 5/15/25 | 900,000 | 869,811 | ||||||
3,536,335 | ||||||||
Diversified Telecommunication Services — 2.1% | ||||||||
AT&T, Inc., 4.30%, 2/15/30 | 1,055,000 | 1,010,238 | ||||||
AT&T, Inc., 5.40%, 2/15/34(3) | 505,000 | 506,502 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 1,155,000 | 1,235,811 | ||||||
Verizon Communications, Inc., 2.55%, 3/21/31 | 1,790,000 | 1,499,692 | ||||||
4,252,243 | ||||||||
Electric Utilities — 6.6% | ||||||||
CenterPoint Energy Houston Electric LLC, 4.95%, 4/1/33 | 167,000 | 167,787 | ||||||
CenterPoint Energy Houston Electric LLC, Series AI, 4.45%, 10/1/32 | 1,042,000 | 1,008,290 | ||||||
Duke Energy Carolinas LLC, 4.95%, 1/15/33 | 1,200,000 | 1,205,194 | ||||||
Duke Energy Corp., 2.55%, 6/15/31 | 1,140,000 | 944,579 | ||||||
Exelon Corp., 2.75%, 3/15/27 | 1,040,000 | 961,661 | ||||||
Exelon Corp., 5.15%, 3/15/28 | 350,000 | 352,787 | ||||||
Florida Power & Light Co., 2.45%, 2/3/32 | 700,000 | 586,787 | ||||||
Georgia Power Co., 4.65%, 5/16/28 | 1,000,000 | 989,970 | ||||||
Jersey Central Power & Light Co., 4.30%, 1/15/26(1) | 1,050,000 | 1,026,232 | ||||||
MidAmerican Energy Co., 3.65%, 4/15/29 | 2,000,000 | 1,902,682 | ||||||
NextEra Energy Capital Holdings, Inc., 4.90%, 2/28/28 | 800,000 | 797,106 | ||||||
NextEra Energy Capital Holdings, Inc., 5.05%, 2/28/33 | 520,000 | 515,346 | ||||||
NRG Energy, Inc., 2.00%, 12/2/25(1) | 555,000 | 497,630 | ||||||
Pacific Gas & Electric Co., 6.15%, 1/15/33 | 300,000 | 296,272 | ||||||
Public Service Electric & Gas Co., 3.10%, 3/15/32 | 575,000 | 509,349 | ||||||
Public Service Electric & Gas Co., 4.65%, 3/15/33 | 134,000 | 132,699 | ||||||
Southern Co., 5.20%, 6/15/33 | 350,000 | 346,482 | ||||||
Southern Co. Gas Capital Corp., 1.75%, 1/15/31 | 927,000 | 730,714 | ||||||
Vistra Operations Co. LLC, 5.125%, 5/13/25(1) | 500,000 | 488,636 | ||||||
13,460,203 | ||||||||
Electrical Equipment — 0.3% | ||||||||
Regal Rexnord Corp., 6.40%, 4/15/33(1) | 557,000 | 551,452 | ||||||
Electronic Equipment, Instruments and Components — 0.7% | ||||||||
Teledyne Technologies, Inc., 0.95%, 4/1/24 | 1,483,000 | 1,426,378 | ||||||
Energy Equipment and Services — 0.5% | ||||||||
Helmerich & Payne, Inc., 2.90%, 9/29/31 | 631,000 | 513,913 | ||||||
Schlumberger Investment SA, 4.50%, 5/15/28 | 410,000 | 405,607 | ||||||
919,520 | ||||||||
Entertainment — 0.6% | ||||||||
Warnermedia Holdings, Inc., 3.79%, 3/15/25 | 420,000 | 406,128 | ||||||
Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 907,000 | 850,291 | ||||||
1,256,419 | ||||||||
Financial Services — 1.7% | ||||||||
Antares Holdings LP, 2.75%, 1/15/27(1) | 255,000 | 209,137 | ||||||
GE Capital Funding LLC, 4.55%, 5/15/32 | 500,000 | 485,234 | ||||||
Global Payments, Inc., 3.75%, 6/1/23 | 761,000 | 761,000 | ||||||
Global Payments, Inc., 4.45%, 6/1/28 | 985,000 | 935,786 | ||||||
Nationwide Building Society, 4.85%, 7/27/27(1) | 1,116,000 | 1,096,970 | ||||||
3,488,127 | ||||||||
Food Products — 1.2% | ||||||||
General Mills, Inc., 5.24%, 11/18/25 | 424,000 | 424,174 | ||||||
Kraft Heinz Foods Co., 5.00%, 7/15/35 | 1,000,000 | 987,741 | ||||||
Mars, Inc., 4.75%, 4/20/33(1) | 1,000,000 | 993,540 | ||||||
2,405,455 | ||||||||
Gas Utilities — 0.5% | ||||||||
CenterPoint Energy Resources Corp., 5.25%, 3/1/28 | 1,000,000 | 1,017,577 | ||||||
Ground Transportation — 3.0% | ||||||||
Ashtead Capital, Inc., 4.375%, 8/15/27(1) | 600,000 | 565,703 | ||||||
Ashtead Capital, Inc., 5.50%, 8/11/32(1) | 800,000 | 770,077 | ||||||
Canadian National Railway Co., 3.85%, 8/5/32 | 650,000 | 610,749 | ||||||
CSX Corp., 4.25%, 3/15/29 | 1,220,000 | 1,194,707 | ||||||
DAE Funding LLC, 1.55%, 8/1/24(1) | 231,000 | 218,683 | ||||||
PT Penske Truck Leasing Co. LP / L Finance Corp., 5.75%, 5/24/26(1) | 800,000 | 798,591 | ||||||
Triton Container International Ltd., 1.15%, 6/7/24(1) | 1,225,000 | 1,147,456 | ||||||
United Rentals North America, Inc., 6.00%, 12/15/29(1) | 735,000 | 735,946 | ||||||
6,041,912 | ||||||||
Health Care Equipment and Supplies — 2.0% | ||||||||
Becton Dickinson & Co., 3.70%, 6/6/27 | 1,300,000 | 1,247,737 | ||||||
Becton Dickinson & Co., 4.69%, 2/13/28 | 1,000,000 | 998,650 | ||||||
GE HealthCare Technologies, Inc., 5.65%, 11/15/27(1) | 480,000 | 489,977 | ||||||
Zimmer Biomet Holdings, Inc., 1.45%, 11/22/24 | 1,500,000 | 1,415,997 | ||||||
4,152,361 | ||||||||
Health Care Providers and Services — 5.5% | ||||||||
Centene Corp., 4.25%, 12/15/27 | 1,245,000 | 1,171,147 | ||||||
Cigna Group, 4.375%, 10/15/28 | 1,549,000 | 1,510,556 | ||||||
CVS Health Corp., 5.00%, 1/30/29(3) | 1,515,000 | 1,517,072 | ||||||
CVS Health Corp., 5.25%, 2/21/33 | 300,000 | 300,913 | ||||||
Elevance Health, Inc., 4.75%, 2/15/33 | 1,095,000 | 1,073,962 | ||||||
HCA, Inc., 5.20%, 6/1/28 | 1,000,000 | 994,193 | ||||||
HCA, Inc., 4.125%, 6/15/29 | 952,000 | 884,281 | ||||||
Humana, Inc., 3.70%, 3/23/29 | 1,162,000 | 1,078,099 | ||||||
IQVIA, Inc., 5.70%, 5/15/28(1) | 625,000 | 628,906 | ||||||
UnitedHealth Group, Inc., 4.25%, 1/15/29 | 1,000,000 | 985,595 | ||||||
UnitedHealth Group, Inc., 2.30%, 5/15/31 | 950,000 | 811,467 | ||||||
UnitedHealth Group, Inc., 5.35%, 2/15/33 | 245,000 | 255,528 | ||||||
11,211,719 | ||||||||
Hotels, Restaurants and Leisure — 1.2% | ||||||||
Marriott International, Inc., 4.90%, 4/15/29 | 1,000,000 | 981,526 | ||||||
Marriott International, Inc., 4.625%, 6/15/30 | 565,000 | 542,071 |
Starbucks Corp., 4.75%, 2/15/26 | 1,000,000 | 999,300 | ||||||
2,522,897 | ||||||||
Industrial Conglomerates — 0.8% | ||||||||
Eaton Corp., 4.35%, 5/18/28 | 1,000,000 | 992,383 | ||||||
Honeywell International, Inc., 4.25%, 1/15/29 | 700,000 | 692,089 | ||||||
1,684,472 | ||||||||
Insurance — 0.9% | ||||||||
Allstate Corp., 5.25%, 3/30/33 | 640,000 | 638,699 | ||||||
Met Tower Global Funding, 1.25%, 9/14/26(1) | 1,307,000 | 1,157,380 | ||||||
1,796,079 | ||||||||
IT Services — 0.5% | ||||||||
International Business Machines Corp., 4.75%, 2/6/33 | 1,090,000 | 1,072,814 | ||||||
Life Sciences Tools and Services — 0.4% | ||||||||
Illumina, Inc., 5.80%, 12/12/25 | 750,000 | 759,023 | ||||||
Machinery — 3.2% | ||||||||
Caterpillar Financial Services Corp., 4.80%, 1/6/26 | 1,100,000 | 1,106,065 | ||||||
CNH Industrial Capital LLC, 5.45%, 10/14/25 | 1,250,000 | 1,255,422 | ||||||
John Deere Capital Corp., 4.75%, 1/20/28 | 309,000 | 312,297 | ||||||
John Deere Capital Corp., 4.85%, 10/11/29 | 1,333,000 | 1,356,418 | ||||||
Parker-Hannifin Corp., 4.25%, 9/15/27 | 1,727,000 | 1,684,803 | ||||||
Westinghouse Air Brake Technologies Corp., 4.95%, 9/15/28 | 892,000 | 868,780 | ||||||
6,583,785 | ||||||||
Media — 2.4% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, 4.20%, 3/15/28 | 880,000 | 823,365 | ||||||
Cox Communications, Inc., 3.15%, 8/15/24(1) | 1,768,000 | 1,732,577 | ||||||
Paramount Global, 4.95%, 1/15/31(2) | 689,000 | 618,313 | ||||||
WPP Finance 2010, 3.75%, 9/19/24 | 1,834,000 | 1,784,738 | ||||||
4,958,993 | ||||||||
Metals and Mining — 0.5% | ||||||||
Glencore Funding LLC, 2.625%, 9/23/31(1) | 513,000 | 413,338 | ||||||
Glencore Funding LLC, 5.70%, 5/8/33(1) | 180,000 | 178,363 | ||||||
South32 Treasury Ltd., 4.35%, 4/14/32(1) | 569,000 | 500,506 | ||||||
1,092,207 | ||||||||
Multi-Utilities — 1.9% | ||||||||
Abu Dhabi National Energy Co. PJSC, 2.00%, 4/29/28(1) | 400,000 | 359,562 | ||||||
Ameren Corp., 3.50%, 1/15/31 | 431,000 | 385,165 | ||||||
Ameren Illinois Co., 4.95%, 6/1/33 | 750,000 | 751,966 | ||||||
DTE Energy Co., 4.22%, 11/1/24 | 988,000 | 972,221 | ||||||
DTE Energy Co., 2.85%, 10/1/26 | 650,000 | 605,373 | ||||||
DTE Energy Co., 4.875%, 6/1/28 | 410,000 | 405,679 | ||||||
NiSource, Inc., 5.25%, 3/30/28 | 480,000 | 483,851 | ||||||
3,963,817 | ||||||||
Office REITs — 0.4% | ||||||||
Alexandria Real Estate Equities, Inc., 4.50%, 7/30/29 | 750,000 | 712,306 | ||||||
Oil, Gas and Consumable Fuels — 4.7% | ||||||||
Continental Resources, Inc., 2.27%, 11/15/26(1) | 360,000 | 322,092 | ||||||
Diamondback Energy, Inc., 6.25%, 3/15/33 | 340,000 | 353,217 | ||||||
Enbridge, Inc., 5.70%, 3/8/33 | 560,000 | 569,755 | ||||||
Energy Transfer LP, 5.50%, 6/1/27 | 580,000 | 581,826 | ||||||
Energy Transfer LP, 5.75%, 2/15/33 | 794,000 | 796,919 | ||||||
EQT Corp., 5.70%, 4/1/28 | 250,000 | 248,896 | ||||||
Hess Corp., 3.50%, 7/15/24 | 445,000 | 435,246 | ||||||
HF Sinclair Corp., 2.625%, 10/1/23 | 425,000 | 420,010 | ||||||
MPLX LP, 4.875%, 6/1/25 | 700,000 | 692,103 | ||||||
Occidental Petroleum Corp., 6.625%, 9/1/30 | 365,000 | 380,845 |
Pioneer Natural Resources Co., 5.10%, 3/29/26 | 467,000 | 467,154 | ||||||
Sabine Pass Liquefaction LLC, 5.875%, 6/30/26 | 689,000 | 699,286 | ||||||
Shell International Finance BV, 2.375%, 11/7/29 | 2,089,000 | 1,840,205 | ||||||
Southwestern Energy Co., 5.375%, 3/15/30 | 543,000 | 499,680 | ||||||
Western Midstream Operating LP, 6.15%, 4/1/33 | 400,000 | 399,282 | ||||||
Williams Cos., Inc., 4.55%, 6/24/24 | 871,000 | 860,534 | ||||||
9,567,050 | ||||||||
Paper and Forest Products — 0.7% | ||||||||
Georgia-Pacific LLC, 3.60%, 3/1/25(1) | 1,350,000 | 1,314,470 | ||||||
Personal Care Products — 1.0% | ||||||||
Kenvue, Inc., 5.00%, 3/22/30(1) | 2,000,000 | 2,040,879 | ||||||
Pharmaceuticals — 1.4% | ||||||||
Pfizer Investment Enterprises Pte. Ltd., 4.65%, 5/19/30 | 550,000 | 550,948 | ||||||
Pfizer Investment Enterprises Pte. Ltd., 4.75%, 5/19/33 | 270,000 | 271,212 | ||||||
Royalty Pharma PLC, 1.20%, 9/2/25 | 719,000 | 650,099 | ||||||
Utah Acquisition Sub, Inc., 3.95%, 6/15/26 | 725,000 | 689,531 | ||||||
Viatris, Inc., 1.65%, 6/22/25 | 600,000 | 552,514 | ||||||
Zoetis, Inc., 5.60%, 11/16/32 | 150,000 | 158,376 | ||||||
2,872,680 | ||||||||
Retail REITs — 0.5% | ||||||||
NNN REIT, Inc., 4.30%, 10/15/28 | 1,076,000 | 1,009,527 | ||||||
Semiconductors and Semiconductor Equipment — 1.4% | ||||||||
Broadcom, Inc., 3.42%, 4/15/33(1) | 870,000 | 722,891 | ||||||
Intel Corp., 5.125%, 2/10/30 | 1,555,000 | 1,573,935 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc., 2.50%, 5/11/31 | 725,000 | 591,642 | ||||||
2,888,468 | ||||||||
Specialized REITs — 0.6% | ||||||||
American Tower Corp., 5.25%, 7/15/28 | 340,000 | 339,692 | ||||||
Equinix, Inc., 2.90%, 11/18/26 | 790,000 | 728,851 | ||||||
Equinix, Inc., 1.80%, 7/15/27 | 133,000 | 115,470 | ||||||
1,184,013 | ||||||||
Specialty Retail — 2.2% | ||||||||
Advance Auto Parts, Inc., 5.90%, 3/9/26 | 113,000 | 114,555 | ||||||
AutoZone, Inc., 4.50%, 2/1/28 | 1,000,000 | 989,727 | ||||||
Home Depot, Inc., 2.70%, 4/15/25 | 1,145,000 | 1,106,237 | ||||||
Lowe's Cos., Inc., 3.35%, 4/1/27 | 1,137,000 | 1,084,201 | ||||||
Lowe's Cos., Inc., 2.625%, 4/1/31 | 750,000 | 634,307 | ||||||
O'Reilly Automotive, Inc., 4.70%, 6/15/32 | 600,000 | 585,024 | ||||||
4,514,051 | ||||||||
Technology Hardware, Storage and Peripherals — 1.2% | ||||||||
Apple, Inc., 1.25%, 8/20/30 | 2,850,000 | 2,338,744 | ||||||
Trading Companies and Distributors — 0.6% | ||||||||
Air Lease Corp., 5.30%, 2/1/28 | 695,000 | 687,321 | ||||||
Aircastle Ltd., 5.25%, 8/11/25(1) | 583,000 | 566,513 | ||||||
1,253,834 | ||||||||
Wireless Telecommunication Services — 0.9% | ||||||||
T-Mobile USA, Inc., 3.375%, 4/15/29 | 1,982,000 | 1,795,798 | ||||||
TOTAL CORPORATE BONDS (Cost $193,163,629) | 190,091,015 | |||||||
U.S. TREASURY SECURITIES — 4.2% | ||||||||
U.S. Treasury Notes, 4.625%, 3/15/26 | 6,000,000 | 6,085,781 | ||||||
U.S. Treasury Notes, 3.75%, 4/15/26 | 2,500,000 | 2,478,320 | ||||||
U.S. Treasury Notes, 1.875%, 2/28/29 | 140,000 | 126,386 | ||||||
TOTAL U.S. TREASURY SECURITIES (Cost $8,765,073) | 8,690,487 | |||||||
MUNICIPAL SECURITIES — 0.2% | ||||||||
Golden State Tobacco Securitization Corp. Rev., 2.75%, 6/1/34 (Cost $517,637) | 515,000 | 425,942 | ||||||
SHORT-TERM INVESTMENTS — 3.0% | ||||||||
Money Market Funds — 3.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 5,058,191 | 5,058,191 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(4) | 966,805 | 966,805 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,024,996) | 6,024,996 | |||||||
TOTAL INVESTMENT SECURITIES — 100.5% (Cost $208,471,335) | 205,232,440 | |||||||
OTHER ASSETS AND LIABILITIES — (0.5)% | (964,856) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 204,267,584 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 2-Year Notes | 95 | September 2023 | $ | 19,553,672 | $ | 11,626 | ||||||||
U.S. Treasury 10-Year Notes | 117 | September 2023 | 13,392,844 | 135,967 | ||||||||||
U.S. Treasury 10-Year Ultra Notes | 18 | September 2023 | 2,168,156 | 22,801 | ||||||||||
$ | 35,114,672 | $ | 170,394 |
^Amount represents value and unrealized appreciation (depreciation).
FUTURES CONTRACTS SOLD | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 5-Year Notes | 61 | September 2023 | $ | 6,653,766 | $ | (19,181) | ||||||||
U.S. Treasury Long Bonds | 3 | September 2023 | 385,031 | (6,256) | ||||||||||
$ | 7,038,797 | $ | (25,437) |
^Amount represents value and unrealized appreciation (depreciation).
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
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. |
(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 $26,610,155, which represented 13.0% 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 $933,795. 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)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.
(4)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $966,805.
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 Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.
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 municipal securities 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. 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.
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.
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.
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 | |||||||||||
Corporate Bonds | — | $ | 190,091,015 | — | |||||||
U.S. Treasury Securities | — | 8,690,487 | — | ||||||||
Municipal Securities | — | 425,942 | — | ||||||||
Short-Term Investments | $ | 6,024,996 | — | — | |||||||
$ | 6,024,996 | $ | 199,207,444 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 170,394 | — | — | |||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 25,437 | — | — |
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.