American Century Investments®
Quarterly Portfolio Holdings
Avantis® Short-Term Fixed Income ETF (AVSF)
May 31, 2023
Avantis Short-Term Fixed Income ETF - Schedule of Investments | ||
MAY 31, 2023 (UNAUDITED) |
Principal Amount ($)/ Shares | Value ($) | |||||||
CORPORATE BONDS — 66.0% | ||||||||
Aerospace and Defense — 0.7% | ||||||||
General Dynamics Corp., 3.50%, 5/15/25 | 806,000 | 790,343 | ||||||
Huntington Ingalls Industries, Inc., 3.84%, 5/1/25 | 780,000 | 756,077 | ||||||
1,546,420 | ||||||||
Air Freight and Logistics — 0.8% | ||||||||
United Parcel Service, Inc., 2.20%, 9/1/24 | 809,000 | 781,854 | ||||||
United Parcel Service, Inc., 3.90%, 4/1/25 | 1,050,000 | 1,035,390 | ||||||
1,817,244 | ||||||||
Automobiles — 1.6% | ||||||||
American Honda Finance Corp., 2.15%, 9/10/24 | 617,000 | 593,754 | ||||||
American Honda Finance Corp., 1.00%, 9/10/25 | 1,066,000 | 978,431 | ||||||
American Honda Finance Corp., 4.70%, 1/12/28 | 250,000 | 250,732 | ||||||
General Motors Financial Co., Inc., 4.00%, 1/15/25 | 600,000 | 585,277 | ||||||
General Motors Financial Co., Inc., 2.70%, 8/20/27 | 500,000 | 445,952 | ||||||
Toyota Motor Corp., 2.36%, 7/2/24 | 936,000 | 908,644 | ||||||
3,762,790 | ||||||||
Banks — 13.1% | ||||||||
African Development Bank, 3.00%, 9/20/23 | 306,000 | 303,487 | ||||||
African Development Bank, 0.875%, 7/22/26 | 300,000 | 270,861 | ||||||
Asian Development Bank, 0.25%, 10/6/23 | 439,000 | 431,214 | ||||||
Asian Development Bank, 2.625%, 1/30/24 | 355,000 | 348,682 | ||||||
Asian Development Bank, 0.375%, 6/11/24 | 100,000 | 95,332 | ||||||
Asian Infrastructure Investment Bank, 0.25%, 9/29/23 | 434,000 | 426,633 | ||||||
Asian Infrastructure Investment Bank, 2.25%, 5/16/24 | 165,000 | 160,382 | ||||||
Asian Infrastructure Investment Bank, 0.50%, 10/30/24 | 1,104,000 | 1,037,609 | ||||||
Asian Infrastructure Investment Bank, 0.50%, 1/27/26 | 350,000 | 316,134 | ||||||
Asian Infrastructure Investment Bank, 3.75%, 9/14/27(1) | 1,300,000 | 1,279,238 | ||||||
Asian Infrastructure Investment Bank, 4.00%, 1/18/28 | 154,000 | 153,462 | ||||||
Australia & New Zealand Banking Group Ltd., 3.70%, 11/16/25 | 400,000 | 389,228 | ||||||
Bank of Montreal, 1.25%, 9/15/26 | 1,250,000 | 1,105,328 | ||||||
Bank of Nova Scotia, 2.70%, 8/3/26 | 609,000 | 565,365 | ||||||
Barclays PLC, 3.65%, 3/16/25 | 1,050,000 | 1,008,885 | ||||||
Citigroup, Inc., 3.30%, 4/27/25 | 1,188,000 | 1,153,477 | ||||||
Commonwealth Bank of Australia, 5.08%, 1/10/25 | 525,000 | 526,439 | ||||||
Cooperatieve Rabobank UA, 3.375%, 5/21/25 | 1,500,000 | 1,448,234 | ||||||
Council Of Europe Development Bank, 0.25%, 6/10/23 | 24,000 | 23,970 | ||||||
Council Of Europe Development Bank, 1.375%, 2/27/25 | 214,000 | 202,525 | ||||||
Discover Bank, 2.45%, 9/12/24 | 800,000 | 756,114 | ||||||
European Bank for Reconstruction & Development, 0.25%, 7/10/23 | 40,000 | 39,770 | ||||||
European Bank for Reconstruction & Development, 0.50%, 5/19/25 | 500,000 | 462,277 | ||||||
European Investment Bank, 1.375%, 3/15/27 | 230,000 | 208,714 | ||||||
Export Development Canada, 2.625%, 2/21/24 | 100,000 | 98,123 | ||||||
HSBC Holdings PLC, 3.90%, 5/25/26 | 300,000 | 289,471 | ||||||
Inter-American Development Bank, 0.25%, 11/15/23 | 182,000 | 177,745 | ||||||
International Bank for Reconstruction & Development, 2.50%, 3/19/24 | 350,000 | 342,592 | ||||||
International Bank for Reconstruction & Development, 1.50%, 8/28/24 | 1,125,000 | 1,079,403 | ||||||
International Bank for Reconstruction & Development, 0.875%, 7/15/26 | 40,000 | 36,252 | ||||||
International Finance Corp., 2.875%, 7/31/23 | 152,000 | 151,351 | ||||||
JPMorgan Chase & Co., 3.90%, 7/15/25 | 988,000 | 970,839 |
Kreditanstalt fuer Wiederaufbau, 0.25%, 3/8/24 | 525,000 | 505,135 | ||||||
Kreditanstalt fuer Wiederaufbau, 1.25%, 1/31/25 | 453,000 | 428,461 | ||||||
Landwirtschaftliche Rentenbank, 0.50%, 5/27/25 | 268,000 | 247,552 | ||||||
Mizuho Financial Group, Inc., 3.66%, 2/28/27 | 1,000,000 | 951,291 | ||||||
National Australia Bank Ltd., 2.50%, 7/12/26 | 1,550,000 | 1,449,184 | ||||||
National Australia Bank Ltd., 4.94%, 1/12/28 | 775,000 | 782,389 | ||||||
Nordic Investment Bank, 0.50%, 1/21/26 | 250,000 | 226,901 | ||||||
Oesterreichische Kontrollbank AG, 1.50%, 2/12/25 | 955,000 | 905,394 | ||||||
PNC Bank NA, 2.50%, 8/27/24 | 1,100,000 | 1,053,667 | ||||||
PNC Bank NA, 2.95%, 2/23/25 | 450,000 | 427,181 | ||||||
Royal Bank of Canada, 6.00%, 11/1/27 | 800,000 | 829,366 | ||||||
Santander Holdings USA, Inc., 4.50%, 7/17/25 | 834,000 | 807,545 | ||||||
Toronto-Dominion Bank, 4.11%, 6/8/27 | 1,150,000 | 1,107,311 | ||||||
US Bancorp, 3.95%, 11/17/25 | 1,000,000 | 964,366 | ||||||
Wells Fargo & Co., 3.00%, 10/23/26 | 1,250,000 | 1,166,788 | ||||||
Westpac Banking Corp., 2.85%, 5/13/26 | 1,850,000 | 1,755,843 | ||||||
Westpac Banking Corp., 5.46%, 11/18/27 | 500,000 | 516,386 | ||||||
29,983,896 | ||||||||
Beverages — 0.8% | ||||||||
Coca-Cola Co., 1.00%, 3/15/28 | 215,000 | 185,905 | ||||||
Constellation Brands, Inc., 4.40%, 11/15/25 | 715,000 | 703,626 | ||||||
Diageo Capital PLC, 5.30%, 10/24/27 | 800,000 | 823,660 | ||||||
1,713,191 | ||||||||
Biotechnology — 0.3% | ||||||||
AbbVie, Inc., 3.20%, 5/14/26 | 610,000 | 585,794 | ||||||
Broadline Retail — 1.2% | ||||||||
Amazon.com, Inc., 2.80%, 8/22/24 | 718,000 | 699,866 | ||||||
Amazon.com, Inc., 5.20%, 12/3/25 | 225,000 | 228,308 | ||||||
Amazon.com, Inc., 3.15%, 8/22/27 | 2,000,000 | 1,909,101 | ||||||
2,837,275 | ||||||||
Capital Markets — 2.8% | ||||||||
Bank of New York Mellon Corp., 1.60%, 4/24/25 | 1,000,000 | 940,138 | ||||||
Charles Schwab Corp., 3.75%, 4/1/24(1) | 100,000 | 98,221 | ||||||
Charles Schwab Corp., 3.85%, 5/21/25 | 463,000 | 448,006 | ||||||
CME Group, Inc., 3.00%, 3/15/25 | 1,850,000 | 1,789,380 | ||||||
Goldman Sachs Group, Inc., 3.85%, 1/26/27 | 950,000 | 913,172 | ||||||
Jefferies Financial Group, Inc., 4.85%, 1/15/27 | 200,000 | 197,628 | ||||||
Lazard Group LLC, 3.75%, 2/13/25 | 667,000 | 640,351 | ||||||
State Street Corp., 3.55%, 8/18/25 | 1,369,000 | 1,332,302 | ||||||
6,359,198 | ||||||||
Chemicals — 0.1% | ||||||||
Linde, Inc., 2.65%, 2/5/25 | 313,000 | 301,161 | ||||||
Construction Materials — 0.5% | ||||||||
Vulcan Materials Co., 5.80%, 3/1/26 | 1,200,000 | 1,203,573 | ||||||
Consumer Staples Distribution & Retail — 2.5% | ||||||||
Costco Wholesale Corp., 2.75%, 5/18/24 | 1,500,000 | 1,464,308 | ||||||
Dollar Tree, Inc., 4.00%, 5/15/25 | 1,293,000 | 1,264,385 | ||||||
Target Corp., 2.25%, 4/15/25 | 1,620,000 | 1,547,641 | ||||||
Walmart, Inc., 3.30%, 4/22/24 | 565,000 | 556,699 | ||||||
Walmart, Inc., 2.85%, 7/8/24 | 800,000 | 782,326 | ||||||
5,615,359 | ||||||||
Containers and Packaging — 0.2% | ||||||||
Amcor Flexibles North America, Inc., 4.00%, 5/17/25 | 46,000 | 44,675 | ||||||
Packaging Corp. of America, 3.65%, 9/15/24 | 500,000 | 489,475 | ||||||
534,150 | ||||||||
Diversified Consumer Services — 0.1% | ||||||||
Yale University, 0.87%, 4/15/25 | 300,000 | 279,353 | ||||||
Diversified REITs — 1.3% | ||||||||
ERP Operating LP, 3.375%, 6/1/25 | 463,000 | 447,236 | ||||||
Host Hotels & Resorts LP, 3.875%, 4/1/24 | 850,000 | 837,524 | ||||||
Spirit Realty LP, 4.45%, 9/15/26 | 322,000 | 308,043 | ||||||
Ventas Realty LP, 3.85%, 4/1/27 | 700,000 | 662,048 | ||||||
WP Carey, Inc., 4.00%, 2/1/25 | 763,000 | 742,304 | ||||||
2,997,155 | ||||||||
Electric Utilities — 2.5% | ||||||||
Berkshire Hathaway Energy Co., 4.05%, 4/15/25 | 1,588,000 | 1,563,254 | ||||||
Cleco Corporate Holdings LLC, 3.74%, 5/1/26 | 242,000 | 229,346 | ||||||
DTE Electric Co., Series A, 1.90%, 4/1/28 | 350,000 | 310,618 | ||||||
Edison International, 4.70%, 8/15/25 | 1,050,000 | 1,032,960 | ||||||
Entergy Louisiana LLC, 2.40%, 10/1/26 | 450,000 | 415,820 | ||||||
Florida Power & Light Co., 5.05%, 4/1/28 | 100,000 | 102,292 | ||||||
NextEra Energy Capital Holdings, Inc., 1.875%, 1/15/27 | 66,000 | 59,330 | ||||||
Pacific Gas & Electric Co., 5.45%, 6/15/27 | 1,000,000 | 985,678 | ||||||
Public Service Electric & Gas Co., 2.25%, 9/15/26 | 100,000 | 92,418 | ||||||
Sierra Pacific Power Co., 2.60%, 5/1/26 | 675,000 | 635,585 | ||||||
Southwestern Electric Power Co., 1.65%, 3/15/26 | 414,000 | 376,360 | ||||||
5,803,661 | ||||||||
Electronic Equipment, Instruments and Components — 0.9% | ||||||||
Avnet, Inc., 4.625%, 4/15/26 | 285,000 | 277,147 | ||||||
Flex Ltd., 3.75%, 2/1/26 | 293,000 | 279,484 | ||||||
Jabil, Inc., 1.70%, 4/15/26 | 705,000 | 634,763 | ||||||
Keysight Technologies, Inc., 4.55%, 10/30/24 | 848,000 | 835,200 | ||||||
2,026,594 | ||||||||
Financial Services — 1.0% | ||||||||
National Rural Utilities Cooperative Finance Corp., 3.40%, 2/7/28 | 250,000 | 236,255 | ||||||
Visa, Inc., 3.15%, 12/14/25 | 2,000,000 | 1,936,759 | ||||||
Voya Financial, Inc., 3.65%, 6/15/26 | 15,000 | 14,203 | ||||||
2,187,217 | ||||||||
Food Products — 0.5% | ||||||||
Bunge Ltd. Finance Corp., 1.63%, 8/17/25 | 1,059,000 | 978,030 | ||||||
Hershey Co., 2.05%, 11/15/24 | 123,000 | 118,344 | ||||||
1,096,374 | ||||||||
Gas Utilities — 0.6% | ||||||||
Southern California Gas Co., 3.15%, 9/15/24 | 1,450,000 | 1,416,434 | ||||||
Ground Transportation — 1.1% | ||||||||
Canadian National Railway Co., 2.75%, 3/1/26(1) | 1,625,000 | 1,545,747 | ||||||
Ryder System, Inc., 2.50%, 9/1/24 | 598,000 | 576,032 | ||||||
Ryder System, Inc., 3.35%, 9/1/25 | 374,000 | 357,531 | ||||||
2,479,310 | ||||||||
Health Care Equipment and Supplies — 0.5% | ||||||||
Baxter International, Inc., 2.60%, 8/15/26 | 9,000 | 8,344 | ||||||
Medtronic Global Holdings SCA, 4.25%, 3/30/28 | 1,200,000 | 1,184,441 | ||||||
1,192,785 | ||||||||
Health Care Providers and Services — 3.5% | ||||||||
Aetna, Inc., 3.50%, 11/15/24 | 1,140,000 | 1,111,746 | ||||||
Cardinal Health, Inc., 3.50%, 11/15/24 | 1,187,000 | 1,152,654 | ||||||
CVS Health Corp., 2.875%, 6/1/26 | 70,000 | 66,237 | ||||||
HCA, Inc., 5.25%, 6/15/26 | 270,000 | 268,226 | ||||||
HCA, Inc., 4.50%, 2/15/27 | 950,000 | 926,649 | ||||||
Humana, Inc., 5.70%, 3/13/26 | 1,050,000 | 1,053,524 |
Laboratory Corp. of America Holdings, 3.60%, 2/1/25 | 1,200,000 | 1,165,162 | ||||||
Quest Diagnostics, Inc., 3.45%, 6/1/26 | 627,000 | 602,077 | ||||||
UnitedHealth Group, Inc., 3.50%, 2/15/24 | 1,600,000 | 1,579,152 | ||||||
7,925,427 | ||||||||
Hotels, Restaurants and Leisure — 1.6% | ||||||||
Booking Holdings, Inc., 3.65%, 3/15/25 | 425,000 | 416,315 | ||||||
Booking Holdings, Inc., 3.60%, 6/1/26 | 1,350,000 | 1,308,201 | ||||||
Expedia Group, Inc., 4.625%, 8/1/27 | 1,143,000 | 1,114,087 | ||||||
Hyatt Hotels Corp., 4.85%, 3/15/26 | 365,000 | 359,880 | ||||||
Starbucks Corp., 3.80%, 8/15/25 | 393,000 | 384,291 | ||||||
3,582,774 | ||||||||
Household Durables — 0.9% | ||||||||
Lennar Corp., 4.75%, 5/30/25 | 400,000 | 394,314 | ||||||
Lennar Corp., 5.25%, 6/1/26 | 600,000 | 599,750 | ||||||
PulteGroup, Inc., 5.00%, 1/15/27 | 1,100,000 | 1,094,593 | ||||||
2,088,657 | ||||||||
Industrial Conglomerates — 0.7% | ||||||||
3M Co., 2.65%, 4/15/25(1) | 1,600,000 | 1,533,214 | ||||||
Insurance — 1.1% | ||||||||
Allstate Corp., 0.75%, 12/15/25 | 1,250,000 | 1,124,176 | ||||||
Chubb INA Holdings, Inc., 3.35%, 5/15/24 | 1,350,000 | 1,323,173 | ||||||
2,447,349 | ||||||||
Interactive Media and Services — 0.6% | ||||||||
Meta Platforms, Inc., 3.50%, 8/15/27 | 1,500,000 | 1,441,769 | ||||||
IT Services — 1.5% | ||||||||
International Business Machines Corp., 3.625%, 2/12/24 | 650,000 | 641,928 | ||||||
International Business Machines Corp., 7.00%, 10/30/25 | 350,000 | 368,481 | ||||||
International Business Machines Corp., 4.50%, 2/6/28 | 750,000 | 743,091 | ||||||
VeriSign, Inc., 5.25%, 4/1/25 | 1,650,000 | 1,642,311 | ||||||
3,395,811 | ||||||||
Machinery — 1.0% | ||||||||
Caterpillar Financial Services Corp., 3.30%, 6/9/24 | 363,000 | 356,641 | ||||||
Caterpillar Financial Services Corp., 1.45%, 5/15/25 | 773,000 | 724,797 | ||||||
Cummins, Inc., 0.75%, 9/1/25 | 900,000 | 823,502 | ||||||
PACCAR Financial Corp., 2.15%, 8/15/24 | 351,000 | 338,852 | ||||||
2,243,792 | ||||||||
Media — 0.9% | ||||||||
Comcast Corp., 3.375%, 8/15/25 | 1,406,000 | 1,366,085 | ||||||
Discovery Communications LLC, 4.90%, 3/11/26 | 795,000 | 785,136 | ||||||
2,151,221 | ||||||||
Metals and Mining — 1.0% | ||||||||
ArcelorMittal SA, 4.55%, 3/11/26(1) | 320,000 | 313,188 | ||||||
BHP Billiton Finance USA Ltd., 6.42%, 3/1/26 | 300,000 | 310,381 | ||||||
BHP Billiton Finance USA Ltd., 4.75%, 2/28/28 | 1,750,000 | 1,762,943 | ||||||
2,386,512 | ||||||||
Multi-Utilities — 0.5% | ||||||||
Black Hills Corp., 3.15%, 1/15/27 | 92,000 | 86,245 | ||||||
Consumers Energy Co., 4.65%, 3/1/28 | 1,000,000 | 1,004,910 | ||||||
Sempra Energy, 3.25%, 6/15/27 | 64,000 | 59,774 | ||||||
1,150,929 | ||||||||
Oil, Gas and Consumable Fuels — 5.9% | ||||||||
Boardwalk Pipelines LP, 4.45%, 7/15/27 | 750,000 | 725,380 | ||||||
BP Capital Markets America, Inc., 3.02%, 1/16/27 | 1,025,000 | 971,575 | ||||||
BP Capital Markets America, Inc., 3.59%, 4/14/27 | 1,100,000 | 1,060,591 | ||||||
Cheniere Corpus Christi Holdings LLC, 5.125%, 6/30/27 | 1,100,000 | 1,091,515 |
Chevron Corp., 2.90%, 3/3/24 | 66,000 | 64,944 | ||||||
Continental Resources, Inc., 4.375%, 1/15/28 | 500,000 | 470,383 | ||||||
Coterra Energy, Inc., 3.90%, 5/15/27 | 75,000 | 71,236 | ||||||
Energy Transfer LP, 4.75%, 1/15/26 | 888,000 | 875,320 | ||||||
Energy Transfer LP, 5.50%, 6/1/27 | 400,000 | 401,260 | ||||||
Energy Transfer LP, 5.55%, 2/15/28 | 500,000 | 501,713 | ||||||
Enterprise Products Operating LLC, 3.90%, 2/15/24 | 145,000 | 143,214 | ||||||
Equinor ASA, 3.70%, 3/1/24 | 841,000 | 830,461 | ||||||
Equinor ASA, 7.25%, 9/23/27 | 300,000 | 333,352 | ||||||
Exxon Mobil Corp., 2.99%, 3/19/25 | 800,000 | 776,175 | ||||||
Marathon Oil Corp., 4.40%, 7/15/27(1) | 1,094,000 | 1,053,772 | ||||||
Phillips 66, 3.85%, 4/9/25 | 480,000 | 468,812 | ||||||
Plains All American Pipeline LP / PAA Finance Corp., 4.50%, 12/15/26 | 625,000 | 604,464 | ||||||
Targa Resources Corp., 5.20%, 7/1/27 | 1,100,000 | 1,086,455 | ||||||
TotalEnergies Capital International SA, 2.43%, 1/10/25 | 875,000 | 840,757 | ||||||
Williams Cos., Inc., 4.00%, 9/15/25 | 1,188,000 | 1,155,452 | ||||||
13,526,831 | ||||||||
Personal Care Products† | ||||||||
Estee Lauder Cos., Inc., 2.00%, 12/1/24 | 98,000 | 94,062 | ||||||
Pharmaceuticals — 3.1% | ||||||||
Astrazeneca Finance LLC, 0.70%, 5/28/24 | 650,000 | 620,835 | ||||||
Astrazeneca Finance LLC, 1.20%, 5/28/26 | 499,000 | 451,971 | ||||||
Bristol-Myers Squibb Co., 2.90%, 7/26/24 | 431,000 | 420,942 | ||||||
Bristol-Myers Squibb Co., 3.45%, 11/15/27 | 1,500,000 | 1,446,607 | ||||||
GlaxoSmithKline Capital PLC, 3.00%, 6/1/24 | 537,000 | 525,411 | ||||||
Novartis Capital Corp., 1.75%, 2/14/25 | 1,413,000 | 1,346,136 | ||||||
Pfizer, Inc., 2.95%, 3/15/24 | 1,205,000 | 1,183,769 | ||||||
Royalty Pharma PLC, 1.20%, 9/2/25 | 1,270,000 | 1,148,297 | ||||||
7,143,968 | ||||||||
Real Estate Management and Development — 0.2% | ||||||||
CBRE Services, Inc., 4.875%, 3/1/26 | 409,000 | 401,943 | ||||||
Residential REITs — 0.7% | ||||||||
AvalonBay Communities, Inc., 2.95%, 5/11/26 | 775,000 | 731,570 | ||||||
UDR, Inc., 3.50%, 7/1/27 | 800,000 | 752,618 | ||||||
1,484,188 | ||||||||
Retail REITs — 1.5% | ||||||||
Federal Realty Investment Trust, 3.25%, 7/15/27 | 750,000 | 687,312 | ||||||
Kimco Realty OP LLC, 3.30%, 2/1/25 | 1,088,000 | 1,046,131 | ||||||
NNN REIT, Inc., 3.50%, 10/15/27 | 500,000 | 464,682 | ||||||
Realty Income Corp., 3.875%, 4/15/25 | 1,300,000 | 1,266,262 | ||||||
3,464,387 | ||||||||
Semiconductors and Semiconductor Equipment — 2.6% | ||||||||
Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.875%, 1/15/27 | 1,125,000 | 1,082,086 | ||||||
Intel Corp., 3.40%, 3/25/25 | 1,000,000 | 977,308 | ||||||
Intel Corp., 4.875%, 2/10/28 | 950,000 | 957,373 | ||||||
Lam Research Corp., 3.80%, 3/15/25 | 350,000 | 343,997 | ||||||
Marvell Technology, Inc., 1.65%, 4/15/26 | 380,000 | 343,529 | ||||||
Micron Technology, Inc., 4.98%, 2/6/26 | 595,000 | 591,177 | ||||||
Micron Technology, Inc., 4.19%, 2/15/27 | 750,000 | 722,948 | ||||||
Xilinx, Inc., 2.95%, 6/1/24 | 950,000 | 927,178 | ||||||
5,945,596 | ||||||||
Software — 0.2% | ||||||||
Oracle Corp., 2.50%, 4/1/25 | 500,000 | 476,881 | ||||||
Specialized REITs — 1.0% | ||||||||
American Tower Corp., 3.65%, 3/15/27 | 525,000 | 496,351 |
American Tower Corp., 3.55%, 7/15/27 | 600,000 | 561,451 | ||||||
Crown Castle, Inc., 4.45%, 2/15/26 | 1,175,000 | 1,154,553 | ||||||
Crown Castle, Inc., 3.70%, 6/15/26 | 42,000 | 40,259 | ||||||
2,252,614 | ||||||||
Specialty Retail — 1.4% | ||||||||
AutoNation, Inc., 3.50%, 11/15/24 | 800,000 | 773,252 | ||||||
AutoZone, Inc., 3.75%, 6/1/27 | 338,000 | 325,138 | ||||||
Home Depot, Inc., 3.00%, 4/1/26 | 1,000,000 | 965,619 | ||||||
Ross Stores, Inc., 4.60%, 4/15/25 | 1,038,000 | 1,026,932 | ||||||
3,090,941 | ||||||||
Technology Hardware, Storage and Peripherals — 2.0% | ||||||||
Apple, Inc., 3.00%, 2/9/24 | 147,000 | 145,123 | ||||||
Apple, Inc., 3.45%, 5/6/24 | 1,750,000 | 1,720,926 | ||||||
Dell International LLC / EMC Corp., 6.02%, 6/15/26 | 1,258,000 | 1,288,003 | ||||||
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 | 1,429,000 | 1,420,158 | ||||||
4,574,210 | ||||||||
Textiles, Apparel and Luxury Goods — 0.6% | ||||||||
Ralph Lauren Corp., 3.75%, 9/15/25 | 1,320,000 | 1,283,693 | ||||||
Trading Companies and Distributors — 0.4% | ||||||||
Air Lease Corp., 3.25%, 3/1/25 | 850,000 | 809,784 | ||||||
Air Lease Corp., 2.875%, 1/15/26 | 50,000 | 46,515 | ||||||
856,299 | ||||||||
TOTAL CORPORATE BONDS (Cost $152,596,662) | 150,682,002 | |||||||
U.S. TREASURY SECURITIES AND EQUIVALENTS — 30.1% | ||||||||
Israel Government AID Bond, 5.50%, 9/18/23 | 32,000 | 31,998 | ||||||
U.S. Treasury Notes, 0.125%, 8/31/23 | 4,250,000 | 4,194,436 | ||||||
U.S. Treasury Notes, 0.125%, 10/15/23 | 3,400,000 | 3,334,983 | ||||||
U.S. Treasury Notes, 2.75%, 11/15/23 | 3,100,000 | 3,064,587 | ||||||
U.S. Treasury Notes, 0.125%, 12/15/23 | 3,150,000 | 3,063,824 | ||||||
U.S. Treasury Notes, 0.875%, 1/31/24 | 3,100,000 | 3,010,851 | ||||||
U.S. Treasury Notes, 0.125%, 2/15/24 | 1,965,000 | 1,894,218 | ||||||
U.S. Treasury Notes, 1.50%, 2/29/24 | 2,600,000 | 2,528,287 | ||||||
U.S. Treasury Notes, 2.375%, 2/29/24 | 2,260,000 | 2,212,585 | ||||||
U.S. Treasury Notes, 0.375%, 4/15/24 | 2,450,000 | 2,348,654 | ||||||
U.S. Treasury Notes, 0.25%, 6/15/24 | 2,025,000 | 1,925,113 | ||||||
U.S. Treasury Notes, 0.375%, 7/15/24 | 2,125,000 | 2,018,003 | ||||||
U.S. Treasury Notes, 2.375%, 8/15/24 | 2,100,000 | 2,036,467 | ||||||
U.S. Treasury Notes, 2.125%, 9/30/24 | 2,500,000 | 2,412,305 | ||||||
U.S. Treasury Notes, 4.25%, 9/30/24 | 3,000,000 | 2,975,332 | ||||||
U.S. Treasury Notes, 1.50%, 10/31/24 | 2,150,000 | 2,053,796 | ||||||
U.S. Treasury Notes, 1.50%, 11/30/24 | 2,220,000 | 2,116,805 | ||||||
U.S. Treasury Notes, 1.125%, 1/15/25 | 2,000,000 | 1,890,234 | ||||||
U.S. Treasury Notes, 1.50%, 2/15/25 | 2,000,000 | 1,899,180 | ||||||
U.S. Treasury Notes, 2.75%, 2/28/25 | 2,000,000 | 1,939,805 | ||||||
U.S. Treasury Notes, 0.25%, 10/31/25 | 3,100,000 | 2,821,363 | ||||||
U.S. Treasury Notes, 0.375%, 9/30/27 | 4,200,000 | 3,622,008 | ||||||
U.S. Treasury Notes, 0.625%, 11/30/27 | 4,985,000 | 4,328,479 | ||||||
U.S. Treasury Notes, 0.75%, 1/31/28 | 5,050,000 | 4,393,303 | ||||||
U.S. Treasury Notes, 1.125%, 2/29/28 | 5,050,000 | 4,464,516 | ||||||
U.S. Treasury Notes, 1.25%, 4/30/28 | 2,300,000 | 2,038,645 | ||||||
TOTAL U.S. TREASURY SECURITIES AND EQUIVALENTS (Cost $69,587,261) | 68,619,777 | |||||||
U.S. GOVERNMENT AGENCY SECURITIES — 2.5% | ||||||||
Federal Farm Credit Banks Funding Corp., 3.30%, 8/15/24 | 51,000 | 50,024 |
Federal Farm Credit Banks Funding Corp., 1.125%, 1/6/25 | 250,000 | 236,435 | ||||||
Federal Farm Credit Banks Funding Corp., 4.50%, 3/2/26 | 198,000 | 199,302 | ||||||
FHLB, 0.125%, 6/2/23 | 100,000 | 99,967 | ||||||
FHLB, 3.375%, 12/8/23 | 250,000 | 247,678 | ||||||
FHLB, 3.625%, 2/28/24 | 1,000,000 | 986,668 | ||||||
FHLB, 5.42%, 3/6/24 | 600,000 | 598,205 | ||||||
FHLB, 1.50%, 8/15/24 | 170,000 | 163,150 | ||||||
FHLB, 2.75%, 12/13/24 | 120,000 | 116,326 | ||||||
FHLB, 2.375%, 3/14/25 | 200,000 | 192,110 | ||||||
FHLB, 3.125%, 6/13/25 | 25,000 | 24,346 | ||||||
FHLMC, 0.125%, 10/16/23 | 104,000 | 102,038 | ||||||
FHLMC, 0.25%, 11/6/23 | 104,000 | 101,814 | ||||||
FHLMC, 0.25%, 12/4/23 | 100,000 | 97,381 | ||||||
FHLMC, 5.31%, 11/15/24 | 750,000 | 744,570 | ||||||
FHLMC, 4.00%, 11/25/24 | 550,000 | 538,920 | ||||||
FHLMC, 0.375%, 7/21/25 | 115,000 | 105,471 | ||||||
FNMA, 0.25%, 7/10/23 | 152,000 | 151,149 | ||||||
FNMA, 2.625%, 9/6/24 | 675,000 | 657,042 | ||||||
FNMA, 1.625%, 1/7/25 | 250,000 | 238,299 | ||||||
FNMA, 0.375%, 8/25/25 | 25,000 | 22,869 | ||||||
Tennessee Valley Authority, 0.75%, 5/15/25 | 125,000 | 116,020 | ||||||
TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $5,886,921) | 5,789,784 | |||||||
SOVEREIGN GOVERNMENTS AND AGENCIES — 0.4% | ||||||||
Sweden — 0.4% | ||||||||
Svensk Exportkredit AB, 3.625%, 9/3/24 | 500,000 | 490,975 | ||||||
Svensk Exportkredit AB, 2.25%, 3/22/27 | 350,000 | 326,681 | ||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $822,005) | 817,656 | |||||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||||
Money Market Funds — 0.8% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio(2) | 1,873,683 | 1,873,683 | ||||||
Treasury Bills(3) — 0.1% | ||||||||
U.S. Treasury Bills, 5.57%, 6/27/23 | 100,000 | 99,635 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,973,292) | 1,973,318 | |||||||
TOTAL INVESTMENT SECURITIES — 99.9% (Cost $230,866,141) | 227,882,537 | |||||||
OTHER ASSETS AND LIABILITIES — 0.1% | 254,632 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 228,137,169 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
AID | – | Agency for International Development | ||||||
Equivalent | – | Security whose payments are secured by the U.S. Treasury | ||||||
FHLB | – | Federal Home Loan Bank | ||||||
FHLMC | – | Federal Home Loan Mortgage Corporation | ||||||
FNMA | – | Federal National Mortgage Association |
†Category is less than 0.05% of total net assets.
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $2,208,058. 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.
(2)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $2,283,999, which includes securities collateral of $410,316.
(3)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.
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 sovereign governments and agencies 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.
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.
As of period end, the fund’s investment securities were classified as Level 2. 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.