American Century Investments®
Quarterly Portfolio Holdings
Avantis® Short-Term Fixed Income Fund
May 31, 2024
Avantis Short-Term Fixed Income Fund - Schedule of Investments | ||
MAY 31, 2024 (UNAUDITED) |
Principal Amount ($)/Shares | Value ($) | |||||||
CORPORATE BONDS — 76.3% | ||||||||
Aerospace and Defense — 0.3% | ||||||||
Huntington Ingalls Industries, Inc., 3.84%, 5/1/25 | 36,000 | 35,407 | ||||||
Automobiles — 1.8% | ||||||||
American Honda Finance Corp., 1.00%, 9/10/25 | 78,000 | 73,792 | ||||||
General Motors Financial Co., Inc., 4.00%, 1/15/25 | 20,000 | 19,794 | ||||||
General Motors Financial Co., Inc., 5.25%, 3/1/26 | 45,000 | 44,765 | ||||||
Toyota Motor Corp., 1.34%, 3/25/26 | 100,000 | 93,556 | ||||||
231,907 | ||||||||
Banks — 9.1% | ||||||||
Bank of Montreal, 1.85%, 5/1/25 | 72,000 | 69,657 | ||||||
Bank of Nova Scotia, 5.25%, 6/12/28 | 75,000 | 75,138 | ||||||
Citigroup, Inc., 3.70%, 1/12/26 | 75,000 | 73,021 | ||||||
European Bank for Reconstruction & Development, 0.50%, 5/19/25 | 35,000 | 33,443 | ||||||
European Investment Bank, 1.375%, 3/15/27 | 50,000 | 45,644 | ||||||
Inter-American Development Bank, 3.125%, 9/18/28 | 50,000 | 47,044 | ||||||
Kreditanstalt fuer Wiederaufbau, 2.875%, 4/3/28 | 100,000 | 93,932 | ||||||
Mitsubishi UFJ Financial Group, Inc., 3.29%, 7/25/27 | 65,000 | 61,480 | ||||||
Oesterreichische Kontrollbank AG, 4.25%, 3/1/28 | 100,000 | 98,488 | ||||||
PNC Financial Services Group, Inc., 2.20%, 11/1/24 | 90,000 | 88,735 | ||||||
Royal Bank of Canada, 6.00%, 11/1/27 | 75,000 | 76,872 | ||||||
Santander Holdings USA, Inc., 4.50%, 7/17/25 | 66,000 | 64,933 | ||||||
Sumitomo Mitsui Financial Group, Inc., 3.36%, 7/12/27 | 65,000 | 61,583 | ||||||
Toronto-Dominion Bank, 1.20%, 6/3/26 | 105,000 | 96,778 | ||||||
U.S. Bancorp, 2.40%, 7/30/24 | 35,000 | 34,818 | ||||||
Wells Fargo & Co., 3.55%, 9/29/25 | 36,000 | 35,113 | ||||||
Wells Fargo & Co., 3.00%, 10/23/26 | 25,000 | 23,715 | ||||||
Westpac Banking Corp., 5.46%, 11/18/27 | 85,000 | 86,128 | ||||||
1,166,522 | ||||||||
Biotechnology — 0.4% | ||||||||
AbbVie, Inc., 3.80%, 3/15/25 | 50,000 | 49,335 | ||||||
Building Products — 0.2% | ||||||||
Owens Corning, 3.40%, 8/15/26 | 28,000 | 26,789 | ||||||
Capital Markets — 11.2% | ||||||||
Ameriprise Financial, Inc., 2.875%, 9/15/26 | 98,000 | 93,034 | ||||||
ARES Management Corp., 6.375%, 11/10/28 | 75,000 | 77,979 | ||||||
Bank of New York Mellon Corp., 3.25%, 9/11/24 | 98,000 | 97,381 | ||||||
Bank of New York Mellon Corp., 3.85%, 4/26/29 | 100,000 | 95,333 | ||||||
BlackRock, Inc., 3.20%, 3/15/27 | 100,000 | 95,829 | ||||||
Brookfield Finance, Inc., 3.90%, 1/25/28 | 75,000 | 71,671 | ||||||
Charles Schwab Corp., 3.85%, 5/21/25 | 66,000 | 64,989 | ||||||
CME Group, Inc., 3.00%, 3/15/25 | 110,000 | 108,020 | ||||||
Franklin Resources, Inc., 2.85%, 3/30/25 | 100,000 | 97,874 | ||||||
Goldman Sachs Group, Inc., 3.75%, 5/22/25 | 66,000 | 64,873 | ||||||
Intercontinental Exchange, Inc., 3.75%, 12/1/25 | 50,000 | 48,829 | ||||||
Intercontinental Exchange, Inc., 3.10%, 9/15/27 | 50,000 | 46,969 | ||||||
Jefferies Financial Group, Inc., 5.875%, 7/21/28 | 75,000 | 75,412 | ||||||
Lazard Group LLC, 4.50%, 9/19/28 | 75,000 | 72,483 | ||||||
Morgan Stanley, 3.875%, 1/27/26 | 75,000 | 73,183 | ||||||
Nasdaq, Inc., 5.35%, 6/28/28 | 75,000 | 75,403 |
S&P Global, Inc., 2.70%, 3/1/29 | 100,000 | 90,125 | ||||||
State Street Corp., 3.55%, 8/18/25 | 86,000 | 84,376 | ||||||
1,433,763 | ||||||||
Chemicals — 1.3% | ||||||||
Ecolab, Inc., 2.70%, 11/1/26 | 95,000 | 90,027 | ||||||
Mosaic Co., 5.375%, 11/15/28 | 75,000 | 75,031 | ||||||
165,058 | ||||||||
Commercial Services and Supplies — 0.8% | ||||||||
Cintas Corp. No. 2, 3.45%, 5/1/25 | 100,000 | 98,236 | ||||||
Consumer Finance — 1.1% | ||||||||
American Express Co., 2.25%, 3/4/25 | 75,000 | 73,192 | ||||||
Capital One Financial Corp., 4.25%, 4/30/25 | 66,000 | 65,168 | ||||||
138,360 | ||||||||
Consumer Staples Distribution & Retail — 1.6% | ||||||||
Dollar Tree, Inc., 4.00%, 5/15/25 | 66,000 | 65,069 | ||||||
Sysco Corp., 3.30%, 7/15/26 | 45,000 | 43,200 | ||||||
Target Corp., 1.95%, 1/15/27 | 100,000 | 93,031 | ||||||
201,300 | ||||||||
Containers and Packaging — 0.1% | ||||||||
Packaging Corp. of America, 3.65%, 9/15/24 | 13,000 | 12,918 | ||||||
Diversified REITs — 2.5% | ||||||||
Digital Realty Trust LP, 4.45%, 7/15/28 | 75,000 | 72,507 | ||||||
Extra Space Storage LP, 5.70%, 4/1/28 | 75,000 | 75,839 | ||||||
Invitation Homes Operating Partnership LP, 2.30%, 11/15/28 | 75,000 | 66,029 | ||||||
Mid-America Apartments LP, 3.60%, 6/1/27 | 50,000 | 47,859 | ||||||
Ventas Realty LP, 3.85%, 4/1/27 | 65,000 | 62,345 | ||||||
324,579 | ||||||||
Electric Utilities — 4.3% | ||||||||
Baltimore Gas & Electric Co., 2.40%, 8/15/26 | 64,000 | 60,399 | ||||||
Berkshire Hathaway Energy Co., 4.05%, 4/15/25 | 36,000 | 35,561 | ||||||
Berkshire Hathaway Energy Co., 3.25%, 4/15/28 | 100,000 | 93,613 | ||||||
Cleco Corporate Holdings LLC, 3.74%, 5/1/26 | 61,000 | 58,768 | ||||||
DTE Electric Co., 3.375%, 3/1/25 | 100,000 | 98,301 | ||||||
Duke Energy Progress LLC, 3.25%, 8/15/25 | 24,000 | 23,422 | ||||||
Edison International, 4.125%, 3/15/28(1) | 75,000 | 71,457 | ||||||
Emera U.S. Finance LP, 3.55%, 6/15/26 | 62,000 | 59,336 | ||||||
Oncor Electric Delivery Co. LLC, 5.75%, 3/15/29 | 50,000 | 51,252 | ||||||
552,109 | ||||||||
Electronic Equipment, Instruments and Components — 1.0% | ||||||||
Avnet, Inc., 6.25%, 3/15/28 | 50,000 | 51,206 | ||||||
Flex Ltd., 3.75%, 2/1/26 | 47,000 | 45,503 | ||||||
Keysight Technologies, Inc., 4.55%, 10/30/24 | 36,000 | 35,791 | ||||||
132,500 | ||||||||
Energy Equipment and Services — 0.8% | ||||||||
Schlumberger Finance Canada Ltd., 1.40%, 9/17/25 | 104,000 | 99,056 | ||||||
Financial Services — 1.5% | ||||||||
Equitable Holdings, Inc., 4.35%, 4/20/28 | 50,000 | 48,026 | ||||||
Global Payments, Inc., 4.95%, 8/15/27 | 50,000 | 49,359 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.40%, 2/7/28 | 50,000 | 47,212 | ||||||
National Rural Utilities Cooperative Finance Corp., 1.00%, 10/18/24 | 50,000 | 49,109 | ||||||
193,706 | ||||||||
Food Products — 1.3% | ||||||||
Bunge Ltd. Finance Corp., 1.63%, 8/17/25 | 29,000 | 27,678 | ||||||
Hershey Co., 2.05%, 11/15/24 | 36,000 | 35,447 | ||||||
Hormel Foods Corp., 0.65%, 6/3/24 | 60,000 | 60,000 |
Tyson Foods, Inc., 4.00%, 3/1/26 | 45,000 | 43,905 | ||||||
167,030 | ||||||||
Gas Utilities — 0.5% | ||||||||
Southern California Gas Co., 3.15%, 9/15/24 | 63,000 | 62,507 | ||||||
Ground Transportation — 0.4% | ||||||||
Ryder System, Inc., 2.50%, 9/1/24 | 36,000 | 35,716 | ||||||
Ryder System, Inc., 3.35%, 9/1/25 | 18,000 | 17,505 | ||||||
53,221 | ||||||||
Health Care Equipment and Supplies — 1.5% | ||||||||
DH Europe Finance II SARL, 2.20%, 11/15/24 | 100,000 | 98,581 | ||||||
Medtronic Global Holdings SCA, 4.25%, 3/30/28 | 100,000 | 97,411 | ||||||
195,992 | ||||||||
Health Care Providers and Services — 2.0% | ||||||||
Cardinal Health, Inc., 3.50%, 11/15/24 | 69,000 | 68,245 | ||||||
Humana, Inc., 3.95%, 3/15/27 | 65,000 | 62,679 | ||||||
UnitedHealth Group, Inc., 2.375%, 8/15/24 | 100,000 | 99,329 | ||||||
Universal Health Services, Inc., 1.65%, 9/1/26 | 30,000 | 27,376 | ||||||
257,629 | ||||||||
Hotels, Restaurants and Leisure — 1.6% | ||||||||
Booking Holdings, Inc., 3.65%, 3/15/25 | 97,000 | 95,648 | ||||||
Hyatt Hotels Corp., 4.85%, 3/15/26 | 45,000 | 44,534 | ||||||
Marriott International, Inc., 5.00%, 10/15/27 | 60,000 | 59,685 | ||||||
199,867 | ||||||||
Industrial Conglomerates — 0.8% | ||||||||
3M Co., 2.65%, 4/15/25 | 100,000 | 97,514 | ||||||
Insurance — 6.1% | ||||||||
American International Group, Inc., 4.20%, 4/1/28 | 75,000 | 72,179 | ||||||
Aon Global Ltd., 3.875%, 12/15/25 | 50,000 | 48,791 | ||||||
Chubb INA Holdings LLC, 3.15%, 3/15/25 | 100,000 | 98,234 | ||||||
Lincoln National Corp., 3.80%, 3/1/28 | 75,000 | 71,297 | ||||||
Marsh & McLennan Cos., Inc., 3.50%, 3/10/25 | 100,000 | 98,529 | ||||||
MetLife, Inc., 3.00%, 3/1/25 | 75,000 | 73,625 | ||||||
MetLife, Inc., 3.60%, 11/13/25 | 34,000 | 33,214 | ||||||
Progressive Corp., 2.50%, 3/15/27 | 100,000 | 93,364 | ||||||
Prudential Financial, Inc., 1.50%, 3/10/26 | 75,000 | 70,240 | ||||||
Reinsurance Group of America, Inc., 3.95%, 9/15/26 | 75,000 | 72,663 | ||||||
Willis North America, Inc., 4.50%, 9/15/28 | 50,000 | 48,353 | ||||||
780,489 | ||||||||
IT Services — 0.7% | ||||||||
International Business Machines Corp., 3.50%, 5/15/29 | 100,000 | 93,037 | ||||||
Life Sciences Tools and Services — 0.8% | ||||||||
Thermo Fisher Scientific, Inc., 5.00%, 1/31/29 | 100,000 | 100,014 | ||||||
Machinery — 1.4% | ||||||||
Caterpillar Financial Services Corp., 3.30%, 6/9/24 | 39,000 | 38,981 | ||||||
Caterpillar Financial Services Corp., 1.45%, 5/15/25 | 36,000 | 34,726 | ||||||
John Deere Capital Corp., 4.95%, 7/14/28 | 25,000 | 24,971 | ||||||
Stanley Black & Decker, Inc., 6.00%, 3/6/28 | 75,000 | 77,285 | ||||||
175,963 | ||||||||
Media — 0.8% | ||||||||
Comcast Corp., 3.375%, 8/15/25 | 42,000 | 41,069 | ||||||
Discovery Communications LLC, 4.90%, 3/11/26 | 60,000 | 59,231 | ||||||
100,300 | ||||||||
Metals and Mining — 0.2% | ||||||||
ArcelorMittal SA, 4.55%, 3/11/26 | 20,000 | 19,617 | ||||||
Oil, Gas and Consumable Fuels — 5.6% | ||||||||
BP Capital Markets PLC, 3.28%, 9/19/27 | 100,000 | 94,596 | ||||||
Energy Transfer LP, 3.90%, 7/15/26 | 70,000 | 67,743 | ||||||
EOG Resources, Inc., 3.15%, 4/1/25 | 100,000 | 98,162 | ||||||
Equinor ASA, 7.25%, 9/23/27 | 100,000 | 106,336 | ||||||
Exxon Mobil Corp., 2.71%, 3/6/25 | 72,000 | 70,567 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 3/1/25 | 75,000 | 74,866 | ||||||
Shell International Finance BV, 3.25%, 5/11/25 | 66,000 | 64,766 | ||||||
Targa Resources Corp., 6.15%, 3/1/29 | 75,000 | 77,286 | ||||||
Williams Cos., Inc., 4.00%, 9/15/25 | 66,000 | 64,705 | ||||||
719,027 | ||||||||
Passenger Airlines — 0.6% | ||||||||
Southwest Airlines Co., 5.125%, 6/15/27 | 75,000 | 74,546 | ||||||
Personal Care Products — 0.9% | ||||||||
Estee Lauder Cos., Inc., 2.00%, 12/1/24 | 36,000 | 35,383 | ||||||
Kenvue, Inc., 5.50%, 3/22/25 | 75,000 | 75,010 | ||||||
110,393 | ||||||||
Pharmaceuticals — 2.2% | ||||||||
Astrazeneca Finance LLC, 1.75%, 5/28/28 | 100,000 | 88,374 | ||||||
Merck & Co., Inc., 3.40%, 3/7/29 | 75,000 | 70,351 | ||||||
Novartis Capital Corp., 1.75%, 2/14/25 | 29,000 | 28,287 | ||||||
Novartis Capital Corp., 3.00%, 11/20/25 | 27,000 | 26,250 | ||||||
Royalty Pharma PLC, 1.20%, 9/2/25 | 78,000 | 73,870 | ||||||
287,132 | ||||||||
Residential REITs — 1.6% | ||||||||
AvalonBay Communities, Inc., 1.90%, 12/1/28 | 100,000 | 87,424 | ||||||
Camden Property Trust, 4.10%, 10/15/28 | 50,000 | 47,947 | ||||||
UDR, Inc., 4.40%, 1/26/29 | 75,000 | 71,986 | ||||||
207,357 | ||||||||
Retail REITs — 1.0% | ||||||||
Federal Realty OP LP, 3.25%, 7/15/27 | 65,000 | 61,134 | ||||||
Kimco Realty OP LLC, 3.30%, 2/1/25 | 66,000 | 65,018 | ||||||
126,152 | ||||||||
Semiconductors and Semiconductor Equipment — 2.9% | ||||||||
Intel Corp., 4.875%, 2/10/28 | 100,000 | 99,302 | ||||||
KLA Corp., 4.65%, 11/1/24 | 100,000 | 99,650 | ||||||
Lam Research Corp., 3.80%, 3/15/25 | 60,000 | 59,232 | ||||||
Marvell Technology, Inc., 1.65%, 4/15/26 | 67,000 | 62,520 | ||||||
Xilinx, Inc., 2.95%, 6/1/24 | 50,000 | 50,000 | ||||||
370,704 | ||||||||
Specialized REITs — 0.9% | ||||||||
American Tower Corp., 3.55%, 7/15/27 | 65,000 | 61,593 | ||||||
Crown Castle, Inc., 5.60%, 6/1/29 | 50,000 | 50,332 | ||||||
111,925 | ||||||||
Specialty Retail — 2.0% | ||||||||
Home Depot, Inc., 2.125%, 9/15/26 | 40,000 | 37,515 | ||||||
Home Depot, Inc., 4.90%, 4/15/29 | 50,000 | 49,917 | ||||||
Ross Stores, Inc., 4.60%, 4/15/25 | 66,000 | 65,450 | ||||||
TJX Cos., Inc., 2.25%, 9/15/26 | 110,000 | 103,457 | ||||||
256,339 | ||||||||
Technology Hardware, Storage and Peripherals — 0.8% | ||||||||
Apple, Inc., 2.45%, 8/4/26 | 71,000 | 67,312 | ||||||
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 | 36,000 | 35,736 | ||||||
103,048 | ||||||||
Textiles, Apparel and Luxury Goods — 1.5% | ||||||||
NIKE, Inc., 2.75%, 3/27/27 | 100,000 | 94,363 | ||||||
Ralph Lauren Corp., 3.75%, 9/15/25 | 100,000 | 97,937 | ||||||
192,300 | ||||||||
Trading Companies and Distributors — 0.2% | ||||||||
Air Lease Corp., 2.875%, 1/15/26 | 20,000 | 19,124 | ||||||
TOTAL CORPORATE BONDS (Cost $9,930,893) | 9,742,772 | |||||||
U.S. TREASURY SECURITIES — 20.3% | ||||||||
U.S. Treasury Notes, 0.375%, 9/15/24 | 300,000 | 295,815 | ||||||
U.S. Treasury Notes, 1.75%, 12/31/24(2) | 170,000 | 166,586 | ||||||
U.S. Treasury Notes, 1.375%, 1/31/25 | 175,000 | 170,613 | ||||||
U.S. Treasury Notes, 0.625%, 11/30/27 | 150,000 | 130,910 | ||||||
U.S. Treasury Notes, 0.625%, 12/31/27 | 175,000 | 152,274 | ||||||
U.S. Treasury Notes, 1.25%, 3/31/28 | 210,000 | 185,645 | ||||||
U.S. Treasury Notes, 1.25%, 4/30/28 | 250,000 | 220,513 | ||||||
U.S. Treasury Notes, 1.25%, 6/30/28 | 550,000 | 482,840 | ||||||
U.S. Treasury Notes, 1.00%, 7/31/28 | 500,000 | 433,281 | ||||||
U.S. Treasury Notes, 1.375%, 12/31/28 | 290,000 | 252,561 | ||||||
U.S. Treasury Notes, 2.375%, 5/15/29 | 110,000 | 99,675 | ||||||
TOTAL U.S. TREASURY SECURITIES (Cost $2,625,640) | 2,590,713 | |||||||
U.S. GOVERNMENT AGENCY SECURITIES — 2.2% | ||||||||
FHLB, 0.375%, 9/4/25 | 25,000 | 23,634 | ||||||
FHLB, 1.25%, 12/21/26 | 100,000 | 91,741 | ||||||
FNMA, 0.375%, 8/25/25 | 25,000 | 23,610 | ||||||
FNMA, 1.875%, 9/24/26 | 100,000 | 93,620 | ||||||
Tennessee Valley Authority, 0.75%, 5/15/25 | 48,000 | 46,030 | ||||||
TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $290,888) | 278,635 | |||||||
SHORT-TERM INVESTMENTS — 1.0% | ||||||||
Money Market Funds — 1.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 60,914 | 60,914 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 73,500 | 73,500 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $134,414) | 134,414 | |||||||
TOTAL INVESTMENT SECURITIES — 99.8% (Cost $12,981,835) | 12,746,534 | |||||||
OTHER ASSETS AND LIABILITIES — 0.2% | 22,491 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 12,769,025 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 5-Year Notes | 2 | September 2024 | $ | 211,594 | $ | 121 |
^Amount represents value and unrealized appreciation (depreciation).
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
FHLB | – | Federal Home Loan Bank | ||||||
FNMA | – | Federal National Mortgage Association |
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $71,457. 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)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 $158,747.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $73,500.
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 and U.S. Treasury and Government Agency 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.
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 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 | — | $ | 9,742,772 | — | |||||||
U.S. Treasury Securities | — | 2,590,713 | — | ||||||||
U.S. Government Agency Securities | — | 278,635 | — | ||||||||
Short-Term Investments | $ | 134,414 | — | — | |||||||
$ | 134,414 | $ | 12,612,120 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 121 | — | — |
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.