American Century Investments®
Quarterly Portfolio Holdings
American Century® Diversified Corporate Bond ETF (KORP)
May 31, 2024
Diversified Corporate Bond ETF - Schedule of Investments | ||
MAY 31, 2024 (UNAUDITED) |
Principal Amount ($)/Shares | Value ($) | |||||||
CORPORATE BONDS — 93.1% | ||||||||
Aerospace and Defense — 4.1% | ||||||||
BAE Systems PLC, 5.25%, 3/26/31(1) | 1,700,000 | 1,686,166 | ||||||
Boeing Co., 6.30%, 5/1/29(1) | 1,770,000 | 1,785,149 | ||||||
Boeing Co., 6.39%, 5/1/31(1) | 1,150,000 | 1,163,799 | ||||||
Bombardier, Inc., 7.25%, 7/1/31(1) | 369,000 | 377,158 | ||||||
Bombardier, Inc., 7.00%, 6/1/32(1)(2) | 200,000 | 200,979 | ||||||
Howmet Aerospace, Inc., 3.00%, 1/15/29 | 1,110,000 | 1,001,806 | ||||||
Howmet Aerospace, Inc., 5.95%, 2/1/37 | 570,000 | 583,618 | ||||||
L3Harris Technologies, Inc., 5.25%, 6/1/31 | 1,510,000 | 1,494,783 | ||||||
Northrop Grumman Corp., 4.90%, 6/1/34 | 1,020,000 | 985,036 | ||||||
TransDigm, Inc., 6.625%, 3/1/32(1) | 760,000 | 763,203 | ||||||
10,041,697 | ||||||||
Air Freight and Logistics — 0.2% | ||||||||
GXO Logistics, Inc., 6.50%, 5/6/34 | 472,000 | 480,307 | ||||||
Automobile Components — 0.3% | ||||||||
ZF North America Capital, Inc., 6.875%, 4/23/32(1) | 800,000 | 818,902 | ||||||
Automobiles — 3.3% | ||||||||
Ford Motor Credit Co. LLC, 6.05%, 3/5/31 | 2,400,000 | 2,390,946 | ||||||
Ford Motor Credit Co. LLC, 6.125%, 3/8/34 | 800,000 | 790,361 | ||||||
General Motors Financial Co., Inc., 5.85%, 4/6/30 | 707,000 | 713,322 | ||||||
General Motors Financial Co., Inc., 5.75%, 2/8/31 | 983,000 | 982,862 | ||||||
General Motors Financial Co., Inc., 6.10%, 1/7/34 | 707,000 | 712,319 | ||||||
General Motors Financial Co., Inc., 5.95%, 4/4/34 | 775,000 | 771,642 | ||||||
Toyota Motor Credit Corp., 5.55%, 11/20/30 | 1,844,000 | 1,886,546 | ||||||
8,247,998 | ||||||||
Banks — 16.5% | ||||||||
Bank of America Corp., VRN, 5.82%, 9/15/29 | 459,000 | 466,915 | ||||||
Bank of America Corp., VRN, 5.87%, 9/15/34 | 8,340,000 | 8,531,019 | ||||||
Bank of Montreal, VRN, 7.70%, 5/26/84 | 565,000 | 572,830 | ||||||
BNP Paribas SA, VRN, 5.50%, 5/20/30(1) | 1,215,000 | 1,210,422 | ||||||
BPCE SA, VRN, 7.00%, 10/19/34(1) | 1,100,000 | 1,185,931 | ||||||
CaixaBank SA, VRN, 5.67%, 3/15/30(1) | 201,000 | 200,323 | ||||||
Canadian Imperial Bank of Commerce, 6.09%, 10/3/33 | 1,432,000 | 1,479,817 | ||||||
Citigroup, Inc., VRN, 5.17%, 2/13/30 | 1,425,000 | 1,411,657 | ||||||
Citigroup, Inc., VRN, 4.41%, 3/31/31 | 1,473,000 | 1,399,158 | ||||||
Citigroup, Inc., VRN, 6.27%, 11/17/33 | 1,660,000 | 1,741,034 | ||||||
Citigroup, Inc., VRN, 5.83%, 2/13/35 | 1,625,000 | 1,609,062 | ||||||
Fifth Third Bancorp, 8.25%, 3/1/38 | 605,000 | 709,521 | ||||||
Freedom Mortgage Holdings LLC, 9.25%, 2/1/29(1) | 550,000 | 555,997 | ||||||
HSBC Holdings PLC, VRN, 5.72%, 3/4/35(3) | 1,200,000 | 1,207,390 | ||||||
Huntington Bancshares, Inc., VRN, 5.71%, 2/2/35 | 313,000 | 307,713 | ||||||
JPMorgan Chase & Co., VRN, 4.01%, 4/23/29 | 530,000 | 505,638 | ||||||
JPMorgan Chase & Co., VRN, 6.25%, 10/23/34 | 1,119,000 | 1,181,217 | ||||||
JPMorgan Chase & Co., VRN, 5.34%, 1/23/35 | 4,603,000 | 4,553,014 | ||||||
JPMorgan Chase & Co., VRN, 5.77%, 4/22/35 | 323,000 | 330,089 | ||||||
Lloyds Banking Group PLC, VRN, 5.72%, 6/5/30(2) | 860,000 | 865,265 | ||||||
M&T Bank Corp., VRN, 6.08%, 3/13/32(3) | 929,000 | 921,869 | ||||||
Nationstar Mortgage Holdings, Inc., 6.00%, 1/15/27(1) | 75,000 | 74,025 | ||||||
PNC Financial Services Group, Inc., VRN, 5.94%, 8/18/34 | 1,397,000 | 1,423,470 |
Truist Financial Corp., VRN, 5.71%, 1/24/35 | 2,343,000 | 2,329,104 | ||||||
U.S. Bancorp, VRN, 5.84%, 6/12/34 | 2,795,000 | 2,818,746 | ||||||
Wells Fargo & Co., VRN, 6.30%, 10/23/29 | 650,000 | 672,846 | ||||||
Wells Fargo & Co., VRN, 5.39%, 4/24/34 | 1,786,000 | 1,758,375 | ||||||
Wells Fargo & Co., VRN, 5.56%, 7/25/34 | 781,000 | 777,789 | ||||||
40,800,236 | ||||||||
Beverages — 1.6% | ||||||||
Anheuser-Busch InBev Worldwide, Inc., 4.75%, 1/23/29 | 2,698,000 | 2,680,502 | ||||||
Keurig Dr Pepper, Inc., Series 10, 5.20%, 3/15/31 | 1,160,000 | 1,151,752 | ||||||
3,832,254 | ||||||||
Biotechnology — 2.3% | ||||||||
AbbVie, Inc., 3.20%, 11/21/29 | 943,000 | 860,009 | ||||||
AbbVie, Inc., 4.95%, 3/15/31 | 2,575,000 | 2,554,499 | ||||||
Amgen, Inc., 5.25%, 3/2/30 | 965,000 | 967,861 | ||||||
Amgen, Inc., 5.25%, 3/2/33 | 1,341,000 | 1,331,346 | ||||||
5,713,715 | ||||||||
Building Products — 1.0% | ||||||||
Builders FirstSource, Inc., 6.375%, 3/1/34(1) | 1,012,000 | 993,351 | ||||||
Carrier Global Corp., 5.90%, 3/15/34 | 1,515,000 | 1,574,730 | ||||||
2,568,081 | ||||||||
Capital Markets — 8.5% | ||||||||
Ares Capital Corp., 5.95%, 7/15/29 | 305,000 | 301,163 | ||||||
Ares Strategic Income Fund, 6.35%, 8/15/29(1)(2) | 490,000 | 488,504 | ||||||
Bank of New York Mellon Corp., VRN, 6.47%, 10/25/34 | 2,712,000 | 2,922,298 | ||||||
BlackRock Funding, Inc., 5.00%, 3/14/34 | 949,000 | 937,199 | ||||||
Blackstone Private Credit Fund, 7.30%, 11/27/28(1) | 767,000 | 799,919 | ||||||
Blue Owl Capital Corp., 3.40%, 7/15/26 | 634,000 | 597,130 | ||||||
Blue Owl Credit Income Corp., 7.75%, 1/15/29 | 1,775,000 | 1,845,707 | ||||||
Charles Schwab Corp., VRN, 6.20%, 11/17/29 | 194,000 | 200,569 | ||||||
Charles Schwab Corp., VRN, 6.14%, 8/24/34 | 324,000 | 335,288 | ||||||
CI Financial Corp., 7.50%, 5/30/29(1) | 540,000 | 538,336 | ||||||
Goldman Sachs Group, Inc., VRN, 3.10%, 2/24/33 | 2,308,000 | 1,959,698 | ||||||
Goldman Sachs Group, Inc., VRN, 5.85%, 4/25/35 | 468,000 | 478,144 | ||||||
Golub Capital BDC, Inc., 7.05%, 12/5/28 | 859,000 | 878,720 | ||||||
Jefferies Financial Group, Inc., 6.20%, 4/14/34 | 725,000 | 728,183 | ||||||
Main Street Capital Corp., 6.50%, 6/4/27(2) | 495,000 | 495,301 | ||||||
Morgan Stanley, VRN, 6.41%, 11/1/29 | 160,000 | 166,573 | ||||||
Morgan Stanley, VRN, 6.34%, 10/18/33 | 1,215,000 | 1,285,088 | ||||||
Morgan Stanley, VRN, 6.63%, 11/1/34 | 2,525,000 | 2,716,336 | ||||||
Morgan Stanley, VRN, 5.83%, 4/19/35 | 235,000 | 239,784 | ||||||
Nuveen LLC, 5.85%, 4/15/34(1) | 676,000 | 678,039 | ||||||
UBS Group AG, VRN, 9.02%, 11/15/33(1) | 2,010,000 | 2,436,372 | ||||||
21,028,351 | ||||||||
Chemicals — 0.9% | ||||||||
Air Products & Chemicals, Inc., 4.85%, 2/8/34 | 1,128,000 | 1,100,092 | ||||||
LYB International Finance III LLC, 5.50%, 3/1/34 | 1,120,000 | 1,106,970 | ||||||
2,207,062 | ||||||||
Commercial Services and Supplies — 0.5% | ||||||||
Veralto Corp., 5.45%, 9/18/33(1) | 653,000 | 646,981 | ||||||
Waste Connections, Inc., 3.20%, 6/1/32 | 650,000 | 561,674 | ||||||
1,208,655 | ||||||||
Communications Equipment — 1.0% | ||||||||
Cisco Systems, Inc., 4.95%, 2/26/31 | 2,600,000 | 2,586,170 | ||||||
Construction Materials — 0.1% | ||||||||
CRH America Finance, Inc., 5.40%, 5/21/34 | 250,000 | 247,458 | ||||||
Consumer Finance — 0.9% | ||||||||
Avolon Holdings Funding Ltd., 6.375%, 5/4/28(1) | 920,000 | 933,269 | ||||||
Avolon Holdings Funding Ltd., 5.75%, 3/1/29(1) | 282,000 | 280,202 | ||||||
Encore Capital Group, Inc., 9.25%, 4/1/29(1) | 486,000 | 506,385 | ||||||
OneMain Finance Corp., 7.50%, 5/15/31 | 425,000 | 425,497 | ||||||
2,145,353 | ||||||||
Consumer Staples Distribution & Retail — 0.1% | ||||||||
Cencosud SA, 5.95%, 5/28/31(1) | 184,000 | 182,013 | ||||||
Containers and Packaging — 1.2% | ||||||||
Berry Global, Inc., 5.80%, 6/15/31(1)(3) | 1,450,000 | 1,443,259 | ||||||
Graphic Packaging International LLC, 6.375%, 7/15/32(1) | 900,000 | 902,910 | ||||||
Smurfit Kappa Treasury ULC, 5.20%, 1/15/30(1) | 500,000 | 494,240 | ||||||
Smurfit Kappa Treasury ULC, 5.44%, 4/3/34(1) | 251,000 | 246,848 | ||||||
3,087,257 | ||||||||
Diversified REITs — 2.6% | ||||||||
Agree LP, 2.90%, 10/1/30 | 590,000 | 505,063 | ||||||
Brandywine Operating Partnership LP, 8.875%, 4/12/29 | 725,000 | 751,053 | ||||||
Brixmor Operating Partnership LP, 3.90%, 3/15/27 | 1,102,000 | 1,053,815 | ||||||
Brixmor Operating Partnership LP, 5.50%, 2/15/34 | 397,000 | 387,579 | ||||||
Highwoods Realty LP, 4.20%, 4/15/29 | 855,000 | 781,450 | ||||||
Host Hotels & Resorts LP, 5.70%, 7/1/34 | 364,000 | 356,941 | ||||||
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer, 7.00%, 2/1/30(1) | 476,000 | 479,400 | ||||||
Store Capital LLC, 4.625%, 3/15/29(3) | 230,000 | 216,602 | ||||||
Store Capital LLC, 2.70%, 12/1/31 | 1,175,000 | 939,011 | ||||||
VICI Properties LP, 5.75%, 4/1/34(3) | 390,000 | 383,829 | ||||||
VICI Properties LP/VICI Note Co., Inc., 4.125%, 8/15/30(1) | 665,000 | 599,631 | ||||||
6,454,374 | ||||||||
Diversified Telecommunication Services — 2.1% | ||||||||
AT&T, Inc., 5.40%, 2/15/34 | 1,604,000 | 1,592,309 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 1,072,000 | 1,132,887 | ||||||
Sprint Capital Corp., 8.75%, 3/15/32 | 1,010,000 | 1,207,993 | ||||||
Verizon Communications, Inc., 2.55%, 3/21/31 | 1,259,000 | 1,061,919 | ||||||
Verizon Communications, Inc., 2.36%, 3/15/32 | 382,000 | 310,222 | ||||||
5,305,330 | ||||||||
Electric Utilities — 5.1% | ||||||||
American Transmission Systems, Inc., 2.65%, 1/15/32(1) | 1,210,000 | 999,671 | ||||||
Appalachian Power Co., Series AA, 2.70%, 4/1/31 | 1,015,000 | 856,993 | ||||||
Arizona Public Service Co., 5.70%, 8/15/34(3) | 769,000 | 769,171 | ||||||
Duke Energy Carolinas LLC, 4.95%, 1/15/33 | 1,557,000 | 1,523,475 | ||||||
Duke Energy Corp., 2.55%, 6/15/31 | 805,000 | 673,268 | ||||||
Duke Energy Corp., 4.50%, 8/15/32 | 1,180,000 | 1,104,784 | ||||||
Duke Energy Florida LLC, 5.875%, 11/15/33 | 843,000 | 876,630 | ||||||
Eversource Energy, 5.85%, 4/15/31 | 2,120,000 | 2,138,889 | ||||||
NextEra Energy Capital Holdings, Inc., 5.25%, 3/15/34 | 1,122,000 | 1,099,527 | ||||||
NextEra Energy Operating Partners LP, 7.25%, 1/15/29(1) | 376,000 | 385,190 | ||||||
PPL Electric Utilities Corp., 4.85%, 2/15/34 | 1,656,000 | 1,603,495 | ||||||
Vistra Operations Co. LLC, 6.875%, 4/15/32(1) | 208,000 | 209,490 | ||||||
Vistra Operations Co. LLC, 6.00%, 4/15/34(1) | 462,000 | 463,082 | ||||||
12,703,665 | ||||||||
Electrical Equipment — 0.2% | ||||||||
Regal Rexnord Corp., 6.30%, 2/15/30 | 542,000 | 555,096 | ||||||
Entertainment — 0.3% | ||||||||
Warnermedia Holdings, Inc., 4.28%, 3/15/32 | 785,000 | 687,351 | ||||||
Financial Services — 1.5% | ||||||||
Antares Holdings LP, 2.75%, 1/15/27(1) | 255,000 | 230,959 |
Antares Holdings LP, 7.95%, 8/11/28(1) | 315,000 | 328,294 | ||||||
Corebridge Financial, Inc., 3.90%, 4/5/32 | 56,000 | 50,040 | ||||||
Corebridge Global Funding, 5.20%, 1/12/29(1) | 70,000 | 69,525 | ||||||
GE Capital Funding LLC, 4.55%, 5/15/32 | 1,235,000 | 1,179,035 | ||||||
Mastercard, Inc., 4.875%, 5/9/34 | 907,000 | 894,475 | ||||||
NMI Holdings, Inc., 6.00%, 8/15/29 | 725,000 | 717,772 | ||||||
PennyMac Financial Services, Inc., 7.125%, 11/15/30(1) | 315,000 | 311,233 | ||||||
3,781,333 | ||||||||
Food Products — 0.9% | ||||||||
Kraft Heinz Foods Co., 6.75%, 3/15/32 | 2,120,000 | 2,309,354 | ||||||
Ground Transportation — 0.9% | ||||||||
Ashtead Capital, Inc., 5.95%, 10/15/33(1) | 302,000 | 302,614 | ||||||
Ashtead Capital, Inc., 5.80%, 4/15/34(1) | 847,000 | 841,674 | ||||||
United Rentals North America, Inc., 6.00%, 12/15/29(1) | 1,181,000 | 1,176,323 | ||||||
2,320,611 | ||||||||
Health Care Equipment and Supplies — 0.6% | ||||||||
Solventum Corp., 5.45%, 3/13/31(1) | 1,625,000 | 1,603,289 | ||||||
Health Care Providers and Services — 7.1% | ||||||||
Centene Corp., 2.50%, 3/1/31 | 2,373,000 | 1,935,637 | ||||||
Cigna Group, 5.125%, 5/15/31 | 1,260,000 | 1,247,118 | ||||||
CVS Health Corp., 5.55%, 6/1/31 | 2,570,000 | 2,563,757 | ||||||
CVS Health Corp., 5.25%, 2/21/33 | 939,000 | 913,145 | ||||||
HCA, Inc., 5.45%, 4/1/31 | 1,710,000 | 1,700,094 | ||||||
HCA, Inc., 5.60%, 4/1/34 | 909,000 | 901,551 | ||||||
Humana, Inc., 5.375%, 4/15/31 | 1,488,000 | 1,473,920 | ||||||
Icon Investments Six DAC, 6.00%, 5/8/34 | 565,000 | 575,528 | ||||||
IQVIA, Inc., 6.25%, 2/1/29 | 1,741,000 | 1,783,900 | ||||||
Quest Diagnostics, Inc., 6.40%, 11/30/33 | 597,000 | 637,573 | ||||||
Tenet Healthcare Corp., 6.25%, 2/1/27 | 865,000 | 866,991 | ||||||
Tenet Healthcare Corp., 6.125%, 10/1/28 | 590,000 | 584,946 | ||||||
UnitedHealth Group, Inc., 4.90%, 4/15/31 | 1,085,000 | 1,069,064 | ||||||
UnitedHealth Group, Inc., 5.35%, 2/15/33 | 1,315,000 | 1,328,356 | ||||||
17,581,580 | ||||||||
Hotels, Restaurants and Leisure — 1.2% | ||||||||
Caesars Entertainment, Inc., 6.50%, 2/15/32(1) | 525,000 | 519,475 | ||||||
International Game Technology PLC, 5.25%, 1/15/29(1) | 700,000 | 673,443 | ||||||
Marriott International, Inc., 5.30%, 5/15/34 | 930,000 | 910,428 | ||||||
Starbucks Corp., 2.55%, 11/15/30 | 901,000 | 771,955 | ||||||
2,875,301 | ||||||||
Household Durables — 0.4% | ||||||||
Meritage Homes Corp., 3.875%, 4/15/29(1) | 1,210,000 | 1,107,985 | ||||||
Industrial REITs — 0.3% | ||||||||
LXP Industrial Trust, 6.75%, 11/15/28 | 653,000 | 675,131 | ||||||
Insurance — 1.4% | ||||||||
Athene Global Funding, 5.58%, 1/9/29(1) | 722,000 | 722,004 | ||||||
Chubb INA Holdings LLC, 5.00%, 3/15/34 | 1,752,000 | 1,728,620 | ||||||
CNO Financial Group, Inc., 6.45%, 6/15/34 | 504,000 | 505,699 | ||||||
Prudential Financial, Inc., VRN, 6.50%, 3/15/54 | 505,000 | 507,540 | ||||||
3,463,863 | ||||||||
IT Services — 1.5% | ||||||||
Black Knight InfoServ LLC, 3.625%, 9/1/28(1) | 2,108,000 | 1,974,537 | ||||||
Genpact Luxembourg SARL/Genpact USA, Inc., 6.00%, 6/4/29(2) | 517,000 | 519,718 | ||||||
Kyndryl Holdings, Inc., 3.15%, 10/15/31 | 351,000 | 294,972 | ||||||
Kyndryl Holdings, Inc., 6.35%, 2/20/34 | 823,000 | 846,885 | ||||||
3,636,112 | ||||||||
Leisure Products — 0.4% | ||||||||
Mattel, Inc., 3.75%, 4/1/29(1)(3) | 995,000 | 912,140 | ||||||
Machinery — 2.7% | ||||||||
AGCO Corp., 5.80%, 3/21/34 | 808,000 | 807,025 | ||||||
Ingersoll Rand, Inc., 5.31%, 6/15/31 | 1,510,000 | 1,511,804 | ||||||
Ingersoll Rand, Inc., 5.70%, 8/14/33 | 892,000 | 909,635 | ||||||
John Deere Capital Corp., 4.90%, 3/7/31 | 2,525,000 | 2,504,469 | ||||||
Westinghouse Air Brake Technologies Corp., 5.61%, 3/11/34 | 887,000 | 890,278 | ||||||
6,623,211 | ||||||||
Media — 1.7% | ||||||||
CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 2/1/32(1) | 750,000 | 604,512 | ||||||
Fox Corp., 6.50%, 10/13/33 | 1,420,000 | 1,484,291 | ||||||
Paramount Global, 3.70%, 6/1/28 | 315,000 | 284,240 | ||||||
TEGNA, Inc., 5.00%, 9/15/29 | 645,000 | 567,422 | ||||||
Time Warner Cable LLC, 6.55%, 5/1/37 | 1,240,000 | 1,176,578 | ||||||
4,117,043 | ||||||||
Metals and Mining — 1.1% | ||||||||
Alcoa Nederland Holding BV, 7.125%, 3/15/31(1) | 221,000 | 226,217 | ||||||
Cleveland-Cliffs, Inc., 7.00%, 3/15/32(1) | 531,000 | 524,345 | ||||||
Glencore Funding LLC, 6.50%, 10/6/33(1) | 303,000 | 316,781 | ||||||
Glencore Funding LLC, 5.63%, 4/4/34(1) | 660,000 | 648,696 | ||||||
Newmont Corp./Newcrest Finance Pty. Ltd., 5.35%, 3/15/34(1) | 896,000 | 890,491 | ||||||
2,606,530 | ||||||||
Mortgage Real Estate Investment Trusts (REITs) — 0.3% | ||||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.25%, 2/1/27(1) | 682,000 | 639,992 | ||||||
Multi-Utilities — 1.9% | ||||||||
Black Hills Corp., 6.00%, 1/15/35 | 497,000 | 497,501 | ||||||
Dominion Energy, Inc., 5.375%, 11/15/32 | 1,230,000 | 1,216,371 | ||||||
DTE Energy Co., 5.10%, 3/1/29 | 1,212,000 | 1,196,109 | ||||||
DTE Energy Co., 5.85%, 6/1/34 | 716,000 | 724,961 | ||||||
Engie SA, 5.625%, 4/10/34(1) | 952,000 | 953,212 | ||||||
4,588,154 | ||||||||
Oil, Gas and Consumable Fuels — 5.8% | ||||||||
Cheniere Energy, Inc., 5.65%, 4/15/34(1) | 335,000 | 332,403 | ||||||
Chesapeake Energy Corp., 6.75%, 4/15/29(1) | 606,000 | 608,011 | ||||||
Columbia Pipelines Holding Co. LLC, 5.68%, 1/15/34(1) | 1,290,000 | 1,266,527 | ||||||
Columbia Pipelines Operating Co. LLC, 6.04%, 11/15/33(1) | 1,300,000 | 1,325,718 | ||||||
Diamondback Energy, Inc., 5.40%, 4/18/34 | 784,000 | 773,176 | ||||||
Energy Transfer LP, 5.75%, 2/15/33 | 1,014,000 | 1,014,481 | ||||||
Energy Transfer LP, 5.55%, 5/15/34 | 787,000 | 774,339 | ||||||
EQT Corp., 3.625%, 5/15/31(1) | 710,000 | 621,569 | ||||||
Marathon Oil Corp., 5.70%, 4/1/34 | 1,105,000 | 1,125,202 | ||||||
MPLX LP, 2.65%, 8/15/30 | 1,515,000 | 1,294,658 | ||||||
Occidental Petroleum Corp., 6.625%, 9/1/30 | 926,000 | 967,976 | ||||||
Occidental Petroleum Corp., 6.125%, 1/1/31 | 770,000 | 787,202 | ||||||
Ovintiv, Inc., 6.25%, 7/15/33 | 620,000 | 636,910 | ||||||
Shell International Finance BV, 2.375%, 11/7/29 | 1,186,000 | 1,042,279 | ||||||
Southwestern Energy Co., 5.375%, 3/15/30 | 800,000 | 770,065 | ||||||
Southwestern Energy Co., 4.75%, 2/1/32 | 660,000 | 598,637 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.00%, 1/15/32 | 355,000 | 317,539 | ||||||
14,256,692 | ||||||||
Passenger Airlines — 0.5% | ||||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 1/20/26(1) | 575,000 | 530,722 | ||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 6/20/27(1) | 594,750 | 595,691 | ||||||
1,126,413 | ||||||||
Pharmaceuticals — 3.0% | ||||||||
Astrazeneca Finance LLC, 4.90%, 2/26/31 | 2,640,000 | 2,622,440 | ||||||
Bristol-Myers Squibb Co., 5.10%, 2/22/31 | 1,388,000 | 1,385,459 | ||||||
Bristol-Myers Squibb Co., 5.20%, 2/22/34 | 585,000 | 581,441 | ||||||
Johnson & Johnson, 4.90%, 6/1/31 | 1,580,000 | 1,582,691 | ||||||
Pfizer Investment Enterprises Pte. Ltd., 4.65%, 5/19/30 | 1,265,000 | 1,237,848 | ||||||
7,409,879 | ||||||||
Real Estate Management and Development — 0.2% | ||||||||
Essential Properties LP, 2.95%, 7/15/31 | 497,000 | 405,416 | ||||||
Retail REITs — 0.9% | ||||||||
Kite Realty Group Trust, 4.75%, 9/15/30 | 325,000 | 308,755 | ||||||
Realty Income Corp., 4.75%, 2/15/29(3) | 55,000 | 53,827 | ||||||
Realty Income Corp., 3.20%, 2/15/31 | 542,000 | 473,460 | ||||||
SITE Centers Corp., 4.70%, 6/1/27 | 1,329,000 | 1,318,570 | ||||||
2,154,612 | ||||||||
Semiconductors and Semiconductor Equipment — 0.6% | ||||||||
KLA Corp., 4.70%, 2/1/34 | 1,565,000 | 1,510,901 | ||||||
Software — 1.7% | ||||||||
Open Text Holdings, Inc., 4.125%, 2/15/30(1) | 1,079,000 | 960,157 | ||||||
Open Text Holdings, Inc., 4.125%, 12/1/31(1) | 641,000 | 552,056 | ||||||
Oracle Corp., 4.30%, 7/8/34 | 2,086,000 | 1,890,986 | ||||||
SS&C Technologies, Inc., 5.50%, 9/30/27(1) | 860,000 | 842,881 | ||||||
4,246,080 | ||||||||
Specialized REITs — 1.1% | ||||||||
American Tower Corp., 5.55%, 7/15/33 | 1,724,000 | 1,713,828 | ||||||
EPR Properties, 3.60%, 11/15/31 | 1,100,000 | 914,078 | ||||||
2,627,906 | ||||||||
Specialty Retail — 0.6% | ||||||||
AutoZone, Inc., 4.00%, 4/15/30 | 699,000 | 655,408 | ||||||
O'Reilly Automotive, Inc., 4.20%, 4/1/30 | 970,000 | 919,516 | ||||||
1,574,924 | ||||||||
Technology Hardware, Storage and Peripherals — 0.7% | ||||||||
Apple, Inc., 1.25%, 8/20/30(3) | 2,175,000 | 1,768,433 | ||||||
Textiles, Apparel and Luxury Goods — 0.6% | ||||||||
Tapestry, Inc., 7.35%, 11/27/28 | 1,150,000 | 1,191,510 | ||||||
Tapestry, Inc., 7.85%, 11/27/33 | 364,000 | 383,923 | ||||||
1,575,433 | ||||||||
Trading Companies and Distributors — 0.7% | ||||||||
Aircastle Ltd., 6.50%, 7/18/28(1) | 810,000 | 824,910 | ||||||
Aircastle Ltd., 5.95%, 2/15/29(1) | 880,000 | 879,034 | ||||||
1,703,944 | ||||||||
TOTAL CORPORATE BONDS (Cost $229,757,639) | 230,103,587 | |||||||
U.S. TREASURY SECURITIES — 3.1% | ||||||||
U.S. Treasury Notes, 4.00%, 1/31/31(4) | 725,000 | 704,184 | ||||||
U.S. Treasury Notes, 4.125%, 3/31/31 | 4,950,000 | 4,842,879 | ||||||
U.S. Treasury Notes, 4.625%, 4/30/31 | 2,000,000 | 2,015,000 | ||||||
TOTAL U.S. TREASURY SECURITIES (Cost $7,552,940) | 7,562,063 | |||||||
PREFERRED STOCKS — 0.4% | ||||||||
Banks — 0.2% | ||||||||
Citigroup, Inc., 7.125% | 437,000 | 437,118 | ||||||
Capital Markets — 0.1% | ||||||||
Goldman Sachs Group, Inc., 7.50% | 387,000 | 398,577 | ||||||
Trading Companies and Distributors — 0.1% | ||||||||
Aircastle Ltd., 5.25%(1) | 287,000 | 274,089 | ||||||
TOTAL PREFERRED STOCKS (Cost $1,099,796) | 1,109,784 | |||||||
MUNICIPAL SECURITIES — 0.2% | ||||||||
Golden State Tobacco Securitization Corp. Rev., 2.75%, 6/1/34 (Cost $576,568) | 595,000 | 498,039 | ||||||
SHORT-TERM INVESTMENTS — 4.6% | ||||||||
Money Market Funds — 4.6% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 7,127,078 | 7,127,078 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(5) | 4,363,533 | 4,363,533 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,490,611) | 11,490,611 | |||||||
TOTAL INVESTMENT SECURITIES — 101.4% (Cost $250,477,554) | 250,764,084 | |||||||
OTHER ASSETS AND LIABILITIES — (1.4)% | (3,568,409) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 247,195,675 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 10-Year Notes | 124 | September 2024 | $ | 13,490,813 | $ | 28,286 |
^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 $49,920,655, which represented 20.2% of total net assets.
(2)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.
(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $4,250,036. 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.
(4)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on futures contracts. At the period end, the aggregate value of securities pledged was $393,372.
(5)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $4,363,533.
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.
Hybrid 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. Preferred stocks and convertible preferred stocks with perpetual maturities 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.
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 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 | |||||||||||
Corporate Bonds | — | $ | 230,103,587 | — | |||||||
U.S. Treasury Securities | — | 7,562,063 | — | ||||||||
Preferred Stocks | — | 1,109,784 | — | ||||||||
Municipal Securities | — | 498,039 | — | ||||||||
Short-Term Investments | $ | 11,490,611 | — | — | |||||||
$ | 11,490,611 | $ | 239,273,473 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 28,286 | — | — |
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.