American Century Investments®
Quarterly Portfolio Holdings
Avantis® Short-Term Fixed Income ETF (AVSF)
May 31, 2024
| Avantis Short-Term Fixed Income ETF - Schedule of Investments | ||
| MAY 31, 2024 (UNAUDITED) | ||
| Principal Amount ($)/Shares | Value ($) | |||||||
| CORPORATE BONDS — 77.2% | ||||||||
| Aerospace and Defense — 0.8% | ||||||||
| General Dynamics Corp., 3.25%, 4/1/25 | 100,000 | 98,247 | ||||||
| Howmet Aerospace, Inc., 6.75%, 1/15/28 | 250,000 | 260,584 | ||||||
| Howmet Aerospace, Inc., 3.00%, 1/15/29 | 500,000 | 451,264 | ||||||
| Huntington Ingalls Industries, Inc., 3.84%, 5/1/25 | 806,000 | 792,716 | ||||||
| L3Harris Technologies, Inc., 4.40%, 6/15/28 | 770,000 | 745,239 | ||||||
| RTX Corp., 4.125%, 11/16/28 | 344,000 | 329,667 | ||||||
| Textron, Inc., 3.875%, 3/1/25 | 100,000 | 98,731 | ||||||
| 2,776,448 | ||||||||
| Air Freight and Logistics — 0.6% | ||||||||
| United Parcel Service, Inc., 3.90%, 4/1/25 | 2,015,000 | 1,989,917 | ||||||
| Automobile Components — 0.3% | ||||||||
| Magna International, Inc., 5.98%, 3/21/26 | 1,000,000 | 1,000,002 | ||||||
| Automobiles — 1.4% | ||||||||
| American Honda Finance Corp., 2.15%, 9/10/24 | 617,000 | 611,223 | ||||||
| American Honda Finance Corp., 1.00%, 9/10/25 | 1,241,000 | 1,174,052 | ||||||
| American Honda Finance Corp., 5.80%, 10/3/25 | 100,000 | 100,613 | ||||||
| American Honda Finance Corp., 4.90%, 3/13/29 | 250,000 | 248,167 | ||||||
| General Motors Co., 4.00%, 4/1/25 | 400,000 | 394,358 | ||||||
| General Motors Co., 4.20%, 10/1/27 | 100,000 | 96,091 | ||||||
| General Motors Co., 6.80%, 10/1/27 | 11,000 | 11,411 | ||||||
| General Motors Co., 5.00%, 10/1/28 | 100,000 | 98,736 | ||||||
| General Motors Financial Co., Inc., 4.00%, 1/15/25 | 900,000 | 890,739 | ||||||
| General Motors Financial Co., Inc., 3.80%, 4/7/25 | 100,000 | 98,389 | ||||||
| General Motors Financial Co., Inc., 5.00%, 4/9/27 | 100,000 | 98,927 | ||||||
| General Motors Financial Co., Inc., 2.70%, 8/20/27 | 500,000 | 460,358 | ||||||
| Honda Motor Co. Ltd., 2.27%, 3/10/25 | 500,000 | 487,991 | ||||||
| Toyota Motor Credit Corp., 3.00%, 4/1/25 | 100,000 | 98,047 | ||||||
| 4,869,102 | ||||||||
| Banks — 12.9% | ||||||||
| African Development Bank, 0.875%, 7/22/26 | 500,000 | 459,171 | ||||||
| African Development Bank, 4.375%, 3/14/28 | 425,000 | 419,866 | ||||||
| Asian Development Bank, 0.375%, 6/11/24 | 100,000 | 99,887 | ||||||
| Asian Development Bank, 4.125%, 9/27/24 | 1,000,000 | 995,701 | ||||||
| Asian Development Bank, 0.625%, 4/29/25 | 125,000 | 119,884 | ||||||
| Asian Infrastructure Investment Bank, 0.50%, 10/30/24 | 1,154,000 | 1,131,080 | ||||||
| Asian Infrastructure Investment Bank, 3.75%, 9/14/27 | 1,350,000 | 1,308,877 | ||||||
| Australia & New Zealand Banking Group Ltd., 3.70%, 11/16/25 | 400,000 | 391,892 | ||||||
| Australia & New Zealand Banking Group Ltd., 5.09%, 12/8/25 | 1,300,000 | 1,297,548 | ||||||
| Banco Santander SA, 5.15%, 8/18/25 | 600,000 | 594,991 | ||||||
| Bank of Montreal, 5.92%, 9/25/25 | 100,000 | 100,596 | ||||||
| Bank of Montreal, 5.30%, 6/5/26 | 410,000 | 409,406 | ||||||
| Bank of Montreal, 5.72%, 9/25/28 | 320,000 | 326,356 | ||||||
| Bank of Nova Scotia, 3.45%, 4/11/25 | 540,000 | 530,515 | ||||||
| Bank of Nova Scotia, 5.45%, 6/12/25 | 370,000 | 369,660 | ||||||
| Bank of Nova Scotia, 2.70%, 8/3/26 | 909,000 | 859,615 | ||||||
| Barclays PLC, 3.65%, 3/16/25 | 1,050,000 | 1,033,392 | ||||||
| Canadian Imperial Bank of Commerce, 3.95%, 8/4/25 | 575,000 | 565,199 | ||||||
| Citigroup, Inc., 3.30%, 4/27/25 | 1,338,000 | 1,312,211 | ||||||
| Citigroup, Inc., 3.70%, 1/12/26 | 100,000 | 97,361 | ||||||
| Citigroup, Inc., 3.40%, 5/1/26 | 250,000 | 241,048 | ||||||
| Commonwealth Bank of Australia, 5.08%, 1/10/25 | 825,000 | 822,967 | ||||||
| Commonwealth Bank of Australia, 5.32%, 3/13/26 | 500,000 | 501,577 | ||||||
| Cooperatieve Rabobank UA, 3.375%, 5/21/25 | 1,500,000 | 1,471,303 | ||||||
| Cooperatieve Rabobank UA, 4.80%, 1/9/29 | 750,000 | 740,523 | ||||||
| Council of Europe Development Bank, 1.375%, 2/27/25 | 214,000 | 207,837 | ||||||
| Discover Bank, 2.45%, 9/12/24 | 800,000 | 792,496 | ||||||
| European Bank for Reconstruction & Development, 0.50%, 5/19/25 | 500,000 | 477,760 | ||||||
| European Investment Bank, 0.375%, 7/24/24 | 351,000 | 348,492 | ||||||
| European Investment Bank, 1.375%, 3/15/27 | 230,000 | 209,963 | ||||||
| European Investment Bank, 3.875%, 3/15/28 | 235,000 | 228,641 | ||||||
| European Investment Bank, 4.50%, 10/16/28 | 550,000 | 547,455 | ||||||
| Export Development Canada, 3.375%, 8/26/25 | 100,000 | 97,883 | ||||||
| Export Development Canada, 3.875%, 2/14/28 | 300,000 | 291,594 | ||||||
| HSBC USA, Inc., 5.625%, 3/17/25 | 1,500,000 | 1,500,759 | ||||||
| Inter-American Development Bank, 3.25%, 7/1/24 | 220,000 | 219,618 | ||||||
| Inter-American Development Bank, 3.125%, 9/18/28 | 950,000 | 893,830 | ||||||
| International Bank for Reconstruction & Development, 1.50%, 8/28/24 | 1,175,000 | 1,164,083 | ||||||
| International Bank for Reconstruction & Development, 0.50%, 10/28/25 | 195,000 | 182,908 | ||||||
| International Bank for Reconstruction & Development, 4.625%, 8/1/28 | 336,000 | 335,875 | ||||||
| International Finance Corp., 0.75%, 10/8/26 | 300,000 | 273,093 | ||||||
| JPMorgan Chase & Co., 3.90%, 7/15/25 | 2,038,000 | 2,004,139 | ||||||
| Kreditanstalt fuer Wiederaufbau, 3.375%, 8/23/24 | 500,000 | 497,713 | ||||||
| Kreditanstalt fuer Wiederaufbau, 2.875%, 4/3/28 | 1,050,000 | 986,281 | ||||||
| Kreditanstalt fuer Wiederaufbau, 3.875%, 6/15/28 | 245,000 | 238,008 | ||||||
| Landwirtschaftliche Rentenbank, 0.50%, 5/27/25 | 618,000 | 589,943 | ||||||
| Landwirtschaftliche Rentenbank, 0.875%, 3/30/26 | 256,000 | 237,866 | ||||||
| Lloyds Banking Group PLC, 4.375%, 3/22/28 | 500,000 | 483,073 | ||||||
| Lloyds Banking Group PLC, 4.55%, 8/16/28 | 1,000,000 | 968,396 | ||||||
| Mitsubishi UFJ Financial Group, Inc., 3.78%, 3/2/25 | 100,000 | 98,626 | ||||||
| Mizuho Financial Group, Inc., 3.66%, 2/28/27 | 1,000,000 | 958,336 | ||||||
| National Australia Bank Ltd., 4.94%, 1/12/28 | 775,000 | 772,731 | ||||||
| Oesterreichische Kontrollbank AG, 1.50%, 2/12/25 | 1,155,000 | 1,124,750 | ||||||
| Oesterreichische Kontrollbank AG, 4.25%, 3/1/28 | 900,000 | 886,395 | ||||||
| PNC Bank NA, 2.50%, 8/27/24 | 1,100,000 | 1,091,496 | ||||||
| PNC Bank NA, 2.95%, 2/23/25 | 450,000 | 441,783 | ||||||
| Royal Bank of Canada, 4.95%, 4/25/25 | 785,000 | 781,066 | ||||||
| Royal Bank of Canada, 1.15%, 6/10/25 | 100,000 | 95,804 | ||||||
| Royal Bank of Canada, 4.875%, 1/12/26 | 400,000 | 397,401 | ||||||
| Royal Bank of Canada, 6.00%, 11/1/27 | 1,145,000 | 1,173,573 | ||||||
| Santander Holdings USA, Inc., 4.50%, 7/17/25 | 834,000 | 820,523 | ||||||
| Sumitomo Mitsui Financial Group, Inc., 2.63%, 7/14/26 | 400,000 | 378,706 | ||||||
| Sumitomo Mitsui Financial Group, Inc., 5.72%, 9/14/28 | 1,000,000 | 1,017,187 | ||||||
| Sumitomo Mitsui Financial Group, Inc., 2.47%, 1/14/29 | 500,000 | 442,705 | ||||||
| Toronto-Dominion Bank, 4.29%, 9/13/24 | 300,000 | 298,847 | ||||||
| Toronto-Dominion Bank, 3.77%, 6/6/25 | 300,000 | 294,904 | ||||||
| Toronto-Dominion Bank, 5.53%, 7/17/26 | 300,000 | 300,919 | ||||||
Toronto-Dominion Bank, 4.11%, 6/8/27(1) | 1,450,000 | 1,405,423 | ||||||
| Toronto-Dominion Bank, 5.52%, 7/17/28 | 250,000 | 252,337 | ||||||
| Wells Fargo & Co., 3.00%, 10/23/26 | 1,600,000 | 1,517,740 | ||||||
| Wells Fargo & Co., 4.15%, 1/24/29 | 400,000 | 383,448 | ||||||
| Westpac Banking Corp., 5.35%, 10/18/24 | 100,000 | 99,910 | ||||||
| Westpac Banking Corp., 3.74%, 8/26/25 | 350,000 | 343,194 | ||||||
| Westpac Banking Corp., 5.46%, 11/18/27 | 827,000 | 837,978 | ||||||
| 46,194,114 | ||||||||
| Beverages — 0.5% | ||||||||
| Constellation Brands, Inc., 4.40%, 11/15/25 | 1,395,000 | 1,374,306 | ||||||
| Constellation Brands, Inc., 4.35%, 5/9/27 | 160,000 | 156,204 | ||||||
| PepsiCo, Inc., 2.25%, 3/19/25 | 100,000 | 97,626 | ||||||
| 1,628,136 | ||||||||
| Biotechnology — 0.9% | ||||||||
| AbbVie, Inc., 3.80%, 3/15/25 | 2,050,000 | 2,022,727 | ||||||
| AbbVie, Inc., 3.60%, 5/14/25 | 500,000 | 491,447 | ||||||
| Amgen, Inc., 5.25%, 3/2/25 | 200,000 | 199,546 | ||||||
| Amgen, Inc., 3.125%, 5/1/25 | 200,000 | 195,716 | ||||||
| Baxalta, Inc., 4.00%, 6/23/25 | 275,000 | 270,749 | ||||||
| 3,180,185 | ||||||||
| Broadline Retail — 0.1% | ||||||||
| Amazon.com, Inc., 5.20%, 12/3/25 | 225,000 | 225,391 | ||||||
| eBay, Inc., 1.90%, 3/11/25 | 100,000 | 97,359 | ||||||
| 322,750 | ||||||||
| Building Products — 0.4% | ||||||||
| Trane Technologies Financing Ltd., 3.80%, 3/21/29 | 1,500,000 | 1,421,470 | ||||||
| Capital Markets — 8.0% | ||||||||
| Ameriprise Financial, Inc., 3.00%, 4/2/25 | 1,600,000 | 1,566,827 | ||||||
| Ameriprise Financial, Inc., 5.70%, 12/15/28 | 1,550,000 | 1,584,268 | ||||||
| ARES Management Corp., 6.375%, 11/10/28 | 1,000,000 | 1,039,716 | ||||||
| Bank of New York Mellon Corp., 1.60%, 4/24/25 | 1,000,000 | 966,592 | ||||||
| Bank of New York Mellon Corp., 3.35%, 4/25/25 | 825,000 | 809,449 | ||||||
| Bank of New York Mellon Corp., 3.85%, 4/26/29 | 1,000,000 | 953,332 | ||||||
| BlackRock, Inc., 3.25%, 4/30/29 | 2,900,000 | 2,689,171 | ||||||
| Brookfield Corp., 4.00%, 1/15/25 | 235,000 | 232,678 | ||||||
| Brookfield Finance, Inc., 3.90%, 1/25/28 | 1,045,000 | 998,611 | ||||||
| Charles Schwab Corp., 3.00%, 3/10/25 | 200,000 | 196,075 | ||||||
| Charles Schwab Corp., 4.20%, 3/24/25 | 200,000 | 197,878 | ||||||
| Charles Schwab Corp., 3.625%, 4/1/25 | 100,000 | 98,414 | ||||||
| Charles Schwab Corp., 3.85%, 5/21/25 | 998,000 | 982,718 | ||||||
| CME Group, Inc., 3.00%, 3/15/25 | 2,963,000 | 2,909,674 | ||||||
| Franklin Resources, Inc., 2.85%, 3/30/25 | 1,250,000 | 1,223,422 | ||||||
| Goldman Sachs Group, Inc., 3.75%, 5/22/25 | 1,260,000 | 1,238,478 | ||||||
| Intercontinental Exchange, Inc., 3.65%, 5/23/25 | 2,000,000 | 1,966,301 | ||||||
| Intercontinental Exchange, Inc., 3.10%, 9/15/27 | 450,000 | 422,721 | ||||||
| Jefferies Financial Group, Inc., 4.85%, 1/15/27 | 200,000 | 196,941 | ||||||
| Jefferies Financial Group, Inc., 5.875%, 7/21/28 | 1,750,000 | 1,759,604 | ||||||
| Lazard Group LLC, 4.50%, 9/19/28 | 2,500,000 | 2,416,110 | ||||||
| Morgan Stanley, 4.00%, 7/23/25 | 635,000 | 624,859 | ||||||
| Morgan Stanley, 3.875%, 1/27/26 | 250,000 | 243,942 | ||||||
| Morgan Stanley, 3.125%, 7/27/26 | 540,000 | 516,002 | ||||||
| Nasdaq, Inc., 5.65%, 6/28/25 | 865,000 | 865,381 | ||||||
| State Street Corp., 3.55%, 8/18/25 | 1,519,000 | 1,490,315 | ||||||
| UBS Group AG, 3.75%, 3/26/25 | 300,000 | 295,393 | ||||||
| 28,484,872 | ||||||||
| Chemicals — 0.8% | ||||||||
| DuPont de Nemours, Inc., 4.49%, 11/15/25 | 200,000 | 197,502 | ||||||
| Eastman Chemical Co., 3.80%, 3/15/25 | 100,000 | 98,655 | ||||||
| Linde, Inc., 2.65%, 2/5/25 | 463,000 | 454,834 | ||||||
| Mosaic Co., 5.375%, 11/15/28 | 1,550,000 | 1,550,633 | ||||||
| Nutrien Ltd., 3.00%, 4/1/25 | 100,000 | 97,880 | ||||||
| Nutrien Ltd., 4.90%, 3/27/28 | 300,000 | 296,599 | ||||||
| Sherwin-Williams Co., 3.45%, 8/1/25 | 100,000 | 97,566 | ||||||
| 2,793,669 | ||||||||
| Commercial Services and Supplies — 0.1% | ||||||||
| Republic Services, Inc., 3.20%, 3/15/25 | 100,000 | 98,276 | ||||||
| Waste Management, Inc., 3.125%, 3/1/25 | 400,000 | 393,177 | ||||||
| 491,453 | ||||||||
| Consumer Finance — 0.9% | ||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 5.75%, 6/6/28 | 1,250,000 | 1,260,816 | ||||||
| American Express Co., 2.25%, 3/4/25 | 1,150,000 | 1,122,281 | ||||||
| American Express Co., 3.95%, 8/1/25 | 245,000 | 240,940 | ||||||
| American Express Co., 4.90%, 2/13/26 | 270,000 | 268,155 | ||||||
| Capital One Financial Corp., 3.80%, 1/31/28 | 150,000 | 142,204 | ||||||
| 3,034,396 | ||||||||
| Consumer Staples Distribution & Retail — 1.1% | ||||||||
| Dollar Tree, Inc., 4.00%, 5/15/25 | 1,293,000 | 1,274,764 | ||||||
| Target Corp., 2.25%, 4/15/25 | 1,820,000 | 1,773,504 | ||||||
| Walmart, Inc., 2.85%, 7/8/24 | 800,000 | 797,928 | ||||||
| 3,846,196 | ||||||||
| Containers and Packaging — 0.3% | ||||||||
| Amcor Flexibles North America, Inc., 4.00%, 5/17/25 | 96,000 | 94,428 | ||||||
| Packaging Corp. of America, 3.65%, 9/15/24 | 800,000 | 794,967 | ||||||
| 889,395 | ||||||||
| Diversified Consumer Services — 0.1% | ||||||||
| Yale University, 0.87%, 4/15/25 | 300,000 | 287,542 | ||||||
| Diversified REITs — 4.7% | ||||||||
| Digital Realty Trust LP, 4.45%, 7/15/28 | 1,939,000 | 1,874,550 | ||||||
| ERP Operating LP, 3.375%, 6/1/25 | 751,000 | 734,892 | ||||||
| Essex Portfolio LP, 3.50%, 4/1/25 | 750,000 | 736,516 | ||||||
| Essex Portfolio LP, 3.375%, 4/15/26 | 740,000 | 711,837 | ||||||
| Essex Portfolio LP, 3.625%, 5/1/27 | 275,000 | 262,561 | ||||||
| Extra Space Storage LP, 5.70%, 4/1/28 | 1,650,000 | 1,668,452 | ||||||
| Invitation Homes Operating Partnership LP, 2.30%, 11/15/28 | 2,100,000 | 1,848,805 | ||||||
| Mid-America Apartments LP, 4.00%, 11/15/25 | 1,100,000 | 1,077,555 | ||||||
| Prologis LP, 4.375%, 2/1/29 | 2,500,000 | 2,433,587 | ||||||
| Rexford Industrial Realty LP, 5.00%, 6/15/28 | 500,000 | 493,154 | ||||||
| Simon Property Group LP, 3.375%, 12/1/27 | 825,000 | 779,704 | ||||||
| Simon Property Group LP, 1.75%, 2/1/28 | 650,000 | 576,647 | ||||||
| Ventas Realty LP, 3.85%, 4/1/27 | 700,000 | 671,411 | ||||||
| Ventas Realty LP, 4.40%, 1/15/29 | 1,400,000 | 1,339,739 | ||||||
| WP Carey, Inc., 4.00%, 2/1/25 | 1,513,000 | 1,493,772 | ||||||
| 16,703,182 | ||||||||
| Diversified Telecommunication Services — 0.3% | ||||||||
| AT&T, Inc., 4.10%, 2/15/28 | 165,000 | 158,768 | ||||||
| Sprint Capital Corp., 6.875%, 11/15/28 | 700,000 | 739,758 | ||||||
| 898,526 | ||||||||
| Electric Utilities — 3.5% | ||||||||
| American Electric Power Co., Inc., 5.20%, 1/15/29 | 700,000 | 695,696 | ||||||
| American Electric Power Co., Inc., Series J, 4.30%, 12/1/28 | 155,000 | 148,695 | ||||||
| Berkshire Hathaway Energy Co., 4.05%, 4/15/25 | 2,413,000 | 2,383,582 | ||||||
| Berkshire Hathaway Energy Co., 3.25%, 4/15/28 | 1,800,000 | 1,685,032 | ||||||
| CenterPoint Energy Houston Electric LLC, 5.20%, 10/1/28 | 90,000 | 90,413 | ||||||
| Cleco Corporate Holdings LLC, 3.74%, 5/1/26 | 242,000 | 233,144 | ||||||
| DTE Electric Co., 3.375%, 3/1/25 | 500,000 | 491,503 | ||||||
| Duke Energy Corp., 5.00%, 12/8/27 | 350,000 | 348,175 | ||||||
| Edison International, 4.70%, 8/15/25 | 1,250,000 | 1,234,484 | ||||||
Edison International, 4.125%, 3/15/28(1) | 750,000 | 714,566 | ||||||
| Entergy Louisiana LLC, 2.40%, 10/1/26 | 450,000 | 421,816 | ||||||
| Eversource Energy, 4.75%, 5/15/26 | 250,000 | 246,465 | ||||||
| Florida Power & Light Co., 2.85%, 4/1/25 | 100,000 | 98,004 | ||||||
| NextEra Energy Capital Holdings, Inc., 6.05%, 3/1/25 | 300,000 | 300,678 | ||||||
| NextEra Energy Capital Holdings, Inc., 5.75%, 9/1/25 | 175,000 | 175,355 | ||||||
| NextEra Energy Capital Holdings, Inc., 1.875%, 1/15/27 | 116,000 | 106,382 | ||||||
| NextEra Energy Capital Holdings, Inc., 1.90%, 6/15/28 | 100,000 | 87,960 | ||||||
| Oncor Electric Delivery Co. LLC, 5.75%, 3/15/29 | 1,450,000 | 1,486,314 | ||||||
| Pacific Gas & Electric Co., 5.45%, 6/15/27 | 1,000,000 | 997,768 | ||||||
| Southwestern Electric Power Co., 1.65%, 3/15/26 | 414,000 | 387,543 | ||||||
| Union Electric Co., 2.95%, 6/15/27 | 85,000 | 79,764 | ||||||
| Xcel Energy, Inc., 3.35%, 12/1/26 | 250,000 | 237,894 | ||||||
| 12,651,233 | ||||||||
| Electronic Equipment, Instruments and Components — 0.9% | ||||||||
| Amphenol Corp., 2.05%, 3/1/25 | 100,000 | 97,364 | ||||||
| Avnet, Inc., 4.625%, 4/15/26 | 435,000 | 426,956 | ||||||
| Flex Ltd., 3.75%, 2/1/26 | 443,000 | 428,894 | ||||||
| Jabil, Inc., 1.70%, 4/15/26 | 1,005,000 | 934,303 | ||||||
| Jabil, Inc., 3.95%, 1/12/28 | 200,000 | 189,231 | ||||||
| Keysight Technologies, Inc., 4.55%, 10/30/24 | 848,000 | 843,077 | ||||||
| Trimble, Inc., 4.75%, 12/1/24 | 190,000 | 189,086 | ||||||
| 3,108,911 | ||||||||
| Entertainment — 0.1% | ||||||||
| Netflix, Inc., 5.875%, 11/15/28 | 290,000 | 298,424 | ||||||
| Financial Services — 1.3% | ||||||||
| Corebridge Financial, Inc., 3.50%, 4/4/25 | 500,000 | 490,905 | ||||||
| Equitable Holdings, Inc., 4.35%, 4/20/28 | 1,927,000 | 1,850,919 | ||||||
| Mastercard, Inc., 2.00%, 3/3/25 | 100,000 | 97,601 | ||||||
| National Rural Utilities Cooperative Finance Corp., 3.40%, 2/7/28 | 1,047,000 | 988,614 | ||||||
| UBS AG, 5.65%, 9/11/28 | 1,000,000 | 1,018,334 | ||||||
| Voya Financial, Inc., 3.65%, 6/15/26 | 15,000 | 14,456 | ||||||
| 4,460,829 | ||||||||
| Food Products — 1.2% | ||||||||
| Bunge Ltd. Finance Corp., 1.63%, 8/17/25 | 1,644,000 | 1,569,052 | ||||||
| Conagra Brands, Inc., 7.00%, 10/1/28 | 703,000 | 746,720 | ||||||
| Conagra Brands, Inc., 4.85%, 11/1/28 | 100,000 | 97,815 | ||||||
| General Mills, Inc., 5.50%, 10/17/28 | 200,000 | 202,621 | ||||||
| Hershey Co., 2.05%, 11/15/24 | 273,000 | 268,811 | ||||||
| J M Smucker Co., 3.50%, 3/15/25 | 100,000 | 98,352 | ||||||
J M Smucker Co., 5.90%, 11/15/28(1) | 100,000 | 102,682 | ||||||
| Kraft Heinz Foods Co., 4.625%, 1/30/29 | 700,000 | 688,461 | ||||||
| Tyson Foods, Inc., 5.40%, 3/15/29 | 500,000 | 499,793 | ||||||
| 4,274,307 | ||||||||
| Gas Utilities — 0.4% | ||||||||
| Southern California Gas Co., 3.15%, 9/15/24 | 1,450,000 | 1,438,654 | ||||||
| Ground Transportation — 0.7% | ||||||||
| Ryder System, Inc., 2.50%, 9/1/24 | 598,000 | 593,291 | ||||||
| Ryder System, Inc., 3.35%, 9/1/25 | 774,000 | 752,704 | ||||||
| Ryder System, Inc., 5.25%, 6/1/28 | 1,150,000 | 1,152,781 | ||||||
| 2,498,776 | ||||||||
| Health Care Equipment and Supplies — 1.1% | ||||||||
| Abbott Laboratories, 2.95%, 3/15/25 | 950,000 | 932,850 | ||||||
| Baxter International, Inc., 2.60%, 8/15/26 | 9,000 | 8,465 | ||||||
| Baxter International, Inc., 2.27%, 12/1/28 | 1,300,000 | 1,138,467 | ||||||
| DH Europe Finance II SARL, 2.20%, 11/15/24 | 200,000 | 197,162 | ||||||
| Medtronic Global Holdings SCA, 4.25%, 3/30/28 | 1,500,000 | 1,461,169 | ||||||
| Zimmer Biomet Holdings, Inc., 3.55%, 4/1/25 | 200,000 | 196,525 | ||||||
| 3,934,638 | ||||||||
| Health Care Providers and Services — 3.6% | ||||||||
| Adventist Health System, 2.95%, 3/1/29 | 600,000 | 536,703 | ||||||
| Aetna, Inc., 3.50%, 11/15/24 | 1,140,000 | 1,128,655 | ||||||
| Cardinal Health, Inc., 3.50%, 11/15/24 | 1,187,000 | 1,174,021 | ||||||
| Cencora, Inc., 3.25%, 3/1/25 | 100,000 | 98,309 | ||||||
| Cigna Group, 4.375%, 10/15/28 | 100,000 | 96,681 | ||||||
| CVS Health Corp., 4.10%, 3/25/25 | 700,000 | 691,198 | ||||||
| CVS Health Corp., 3.875%, 7/20/25 | 100,000 | 98,154 | ||||||
| CVS Health Corp., 2.875%, 6/1/26 | 70,000 | 66,551 | ||||||
| CVS Health Corp., 5.00%, 1/30/29 | 100,000 | 98,680 | ||||||
| Elevance Health, Inc., 2.375%, 1/15/25 | 640,000 | 627,451 | ||||||
| Elevance Health, Inc., 1.50%, 3/15/26 | 100,000 | 93,429 | ||||||
| Elevance Health, Inc., 4.10%, 3/1/28 | 280,000 | 270,030 | ||||||
| HCA, Inc., 5.25%, 6/15/26 | 305,000 | 303,326 | ||||||
| HCA, Inc., 4.50%, 2/15/27 | 1,100,000 | 1,073,729 | ||||||
| HCA, Inc., 5.20%, 6/1/28 | 250,000 | 248,119 | ||||||
| HCA, Inc., 5.625%, 9/1/28 | 350,000 | 351,984 | ||||||
| Humana, Inc., 4.50%, 4/1/25 | 100,000 | 99,253 | ||||||
| Humana, Inc., 5.70%, 3/13/26 | 1,350,000 | 1,350,038 | ||||||
| Humana, Inc., 5.75%, 3/1/28 | 100,000 | 101,306 | ||||||
| Humana, Inc., 5.75%, 12/1/28 | 260,000 | 264,219 | ||||||
| Humana, Inc., 3.70%, 3/23/29 | 500,000 | 466,391 | ||||||
| Laboratory Corp. of America Holdings, 3.60%, 2/1/25 | 1,300,000 | 1,281,988 | ||||||
| McKesson Corp., 4.90%, 7/15/28 | 300,000 | 298,328 | ||||||
| Quest Diagnostics, Inc., 3.50%, 3/30/25 | 100,000 | 98,255 | ||||||
| UnitedHealth Group, Inc., 4.70%, 4/15/29 | 1,750,000 | 1,726,543 | ||||||
| UnitedHealth Group, Inc., 4.00%, 5/15/29 | 250,000 | 239,064 | ||||||
| 12,882,405 | ||||||||
| Health Care REITs — 0.1% | ||||||||
| Alexandria Real Estate Equities, Inc., 3.45%, 4/30/25 | 500,000 | 489,952 | ||||||
| Hotels, Restaurants and Leisure — 1.3% | ||||||||
| Booking Holdings, Inc., 3.65%, 3/15/25 | 925,000 | 912,102 | ||||||
| Expedia Group, Inc., 4.625%, 8/1/27 | 1,593,000 | 1,560,347 | ||||||
| Expedia Group, Inc., 3.80%, 2/15/28 | 100,000 | 94,713 | ||||||
| Hyatt Hotels Corp., 4.85%, 3/15/26 | 1,165,000 | 1,152,948 | ||||||
| Marriott International, Inc., 3.75%, 3/15/25 | 100,000 | 98,560 | ||||||
| Marriott International, Inc., 5.55%, 10/15/28 | 150,000 | 151,471 | ||||||
| Starbucks Corp., 3.80%, 8/15/25 | 693,000 | 680,057 | ||||||
| 4,650,198 | ||||||||
| Household Durables — 1.0% | ||||||||
| Lennar Corp., 4.75%, 5/30/25 | 1,105,000 | 1,095,632 | ||||||
| Lennar Corp., 5.25%, 6/1/26 | 600,000 | 598,121 | ||||||
| Mohawk Industries, Inc., 5.85%, 9/18/28 | 100,000 | 101,874 | ||||||
| PulteGroup, Inc., 5.00%, 1/15/27 | 1,450,000 | 1,437,482 | ||||||
Whirlpool Corp., 4.75%, 2/26/29(1) | 500,000 | 484,893 | ||||||
| 3,718,002 | ||||||||
| Industrial Conglomerates — 0.4% | ||||||||
| 3M Co., 2.65%, 4/15/25 | 1,600,000 | 1,560,225 | ||||||
| Insurance — 3.2% | ||||||||
| Allstate Corp., 0.75%, 12/15/25 | 1,550,000 | 1,443,072 | ||||||
| Brown & Brown, Inc., 4.20%, 9/15/24 | 85,000 | 84,604 | ||||||
| Chubb INA Holdings LLC, 3.15%, 3/15/25 | 1,754,000 | 1,723,013 | ||||||
| Fairfax Financial Holdings Ltd., 4.85%, 4/17/28 | 1,010,000 | 989,515 | ||||||
| Lincoln National Corp., 3.80%, 3/1/28 | 400,000 | 380,251 | ||||||
| Marsh & McLennan Cos., Inc., 3.50%, 3/10/25 | 2,750,000 | 2,709,556 | ||||||
| MetLife, Inc., 3.00%, 3/1/25 | 100,000 | 98,167 | ||||||
| Progressive Corp., 4.00%, 3/1/29 | 1,000,000 | 953,832 | ||||||
| Progressive Corp., 6.625%, 3/1/29 | 2,000,000 | 2,128,527 | ||||||
| Willis North America, Inc., 4.50%, 9/15/28 | 1,100,000 | 1,063,772 | ||||||
| 11,574,309 | ||||||||
| IT Services — 1.1% | ||||||||
| International Business Machines Corp., 4.50%, 2/6/28 | 750,000 | 736,475 | ||||||
| International Business Machines Corp., 3.50%, 5/15/29 | 1,500,000 | 1,395,549 | ||||||
| VeriSign, Inc., 5.25%, 4/1/25 | 1,950,000 | 1,941,734 | ||||||
| 4,073,758 | ||||||||
| Life Sciences Tools and Services — 0.7% | ||||||||
| Thermo Fisher Scientific, Inc., 5.00%, 1/31/29 | 2,450,000 | 2,450,349 | ||||||
| Machinery — 0.6% | ||||||||
| Caterpillar Financial Services Corp., 1.45%, 5/15/25 | 907,000 | 874,894 | ||||||
| CNH Industrial Capital LLC, 5.50%, 1/12/29 | 520,000 | 524,048 | ||||||
| John Deere Capital Corp., 4.95%, 7/14/28 | 560,000 | 559,347 | ||||||
| PACCAR Financial Corp., 2.85%, 4/7/25 | 100,000 | 97,896 | ||||||
| 2,056,185 | ||||||||
| Media — 1.4% | ||||||||
| Comcast Corp., 3.375%, 8/15/25 | 2,096,000 | 2,049,523 | ||||||
| Comcast Corp., 3.15%, 2/15/28 | 500,000 | 468,052 | ||||||
| Discovery Communications LLC, 4.90%, 3/11/26 | 795,000 | 784,813 | ||||||
| Fox Corp., 3.05%, 4/7/25 | 100,000 | 97,854 | ||||||
| Walt Disney Co., 3.35%, 3/24/25 | 1,700,000 | 1,672,277 | ||||||
| 5,072,519 | ||||||||
| Metals and Mining — 0.2% | ||||||||
| ArcelorMittal SA, 4.55%, 3/11/26 | 480,000 | 470,810 | ||||||
| BHP Billiton Finance USA Ltd., 5.10%, 9/8/28 | 195,000 | 195,363 | ||||||
| 666,173 | ||||||||
| Multi-Utilities — 0.3% | ||||||||
| Ameren Corp., 5.00%, 1/15/29 | 100,000 | 98,462 | ||||||
| Ameren Illinois Co., 3.25%, 3/1/25 | 100,000 | 98,329 | ||||||
| Black Hills Corp., 3.15%, 1/15/27 | 242,000 | 228,910 | ||||||
| Dominion Energy, Inc., 4.25%, 6/1/28 | 200,000 | 192,569 | ||||||
| Dominion Energy, Inc., Series A, 3.30%, 3/15/25 | 100,000 | 98,025 | ||||||
| DTE Energy Co., Series F, 1.05%, 6/1/25 | 100,000 | 95,684 | ||||||
| National Grid PLC, 5.60%, 6/12/28 | 120,000 | 120,743 | ||||||
| Sempra, 3.30%, 4/1/25 | 100,000 | 98,038 | ||||||
| Sempra, 3.25%, 6/15/27 | 64,000 | 60,194 | ||||||
| 1,090,954 | ||||||||
| Oil, Gas and Consumable Fuels — 7.2% | ||||||||
| Boardwalk Pipelines LP, 4.45%, 7/15/27 | 900,000 | 875,225 | ||||||
| BP Capital Markets America, Inc., 4.70%, 4/10/29 | 1,000,000 | 985,617 | ||||||
| Cheniere Corpus Christi Holdings LLC, 5.125%, 6/30/27 | 1,435,000 | 1,423,815 | ||||||
| Cheniere Energy, Inc., 4.625%, 10/15/28 | 200,000 | 192,735 | ||||||
| Chevron Corp., 1.55%, 5/11/25 | 100,000 | 96,567 | ||||||
| ConocoPhillips Co., 2.40%, 3/7/25 | 100,000 | 97,742 | ||||||
| Continental Resources, Inc., 4.375%, 1/15/28 | 500,000 | 480,468 | ||||||
| Coterra Energy, Inc., 3.90%, 5/15/27 | 75,000 | 71,975 | ||||||
| DCP Midstream Operating LP, 5.375%, 7/15/25 | 550,000 | 548,577 | ||||||
| DCP Midstream Operating LP, 5.625%, 7/15/27 | 600,000 | 606,055 | ||||||
| Enbridge, Inc., 4.25%, 12/1/26 | 460,000 | 447,886 | ||||||
| Energy Transfer LP, 4.05%, 3/15/25 | 100,000 | 98,628 | ||||||
| Energy Transfer LP, 4.75%, 1/15/26 | 888,000 | 876,908 | ||||||
| Energy Transfer LP, 6.05%, 12/1/26 | 100,000 | 101,335 | ||||||
| Energy Transfer LP, 5.50%, 6/1/27 | 557,000 | 557,931 | ||||||
| Energy Transfer LP, 5.55%, 2/15/28 | 900,000 | 903,640 | ||||||
| Enterprise Products Operating LLC, 3.75%, 2/15/25 | 100,000 | 98,661 | ||||||
| EOG Resources, Inc., 3.15%, 4/1/25 | 2,500,000 | 2,454,053 | ||||||
| Equinor ASA, 7.25%, 9/23/27 | 487,000 | 517,858 | ||||||
| Exxon Mobil Corp., 2.71%, 3/6/25 | 1,100,000 | 1,078,103 | ||||||
| Exxon Mobil Corp., 2.99%, 3/19/25 | 2,100,000 | 2,061,914 | ||||||
| Kinder Morgan, Inc., 4.30%, 6/1/25 | 110,000 | 108,547 | ||||||
| Kinder Morgan, Inc., 4.30%, 3/1/28 | 495,000 | 480,177 | ||||||
| Marathon Oil Corp., 4.40%, 7/15/27 | 1,394,000 | 1,363,441 | ||||||
| ONEOK Partners LP, 4.90%, 3/15/25 | 100,000 | 99,356 | ||||||
| ONEOK, Inc., 4.55%, 7/15/28 | 500,000 | 485,618 | ||||||
| ONEOK, Inc., 5.65%, 11/1/28 | 400,000 | 404,472 | ||||||
| Phillips 66, 3.85%, 4/9/25 | 630,000 | 620,971 | ||||||
| Plains All American Pipeline LP/PAA Finance Corp., 4.50%, 12/15/26 | 1,270,000 | 1,241,670 | ||||||
| Sabine Pass Liquefaction LLC, 5.625%, 3/1/25 | 500,000 | 499,104 | ||||||
| Sabine Pass Liquefaction LLC, 5.875%, 6/30/26 | 500,000 | 502,182 | ||||||
| Sabine Pass Liquefaction LLC, 4.20%, 3/15/28 | 100,000 | 96,381 | ||||||
| Shell International Finance BV, 3.25%, 5/11/25 | 100,000 | 98,130 | ||||||
| Spectra Energy Partners LP, 3.50%, 3/15/25 | 100,000 | 98,313 | ||||||
| Targa Resources Corp., 5.20%, 7/1/27 | 1,350,000 | 1,345,121 | ||||||
| Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.00%, 1/15/28 | 375,000 | 365,933 | ||||||
| Targa Resources Partners LP/Targa Resources Partners Finance Corp., 6.875%, 1/15/29 | 300,000 | 308,796 | ||||||
| Tennessee Gas Pipeline Co. LLC, 7.00%, 3/15/27 | 250,000 | 261,081 | ||||||
TotalEnergies Capital International SA, 2.43%, 1/10/25(1) | 1,025,000 | 1,006,336 | ||||||
| TransCanada PipeLines Ltd., 6.20%, 3/9/26 | 300,000 | 300,008 | ||||||
| Williams Cos., Inc., 4.00%, 9/15/25 | 1,588,000 | 1,556,839 | ||||||
| 25,818,169 | ||||||||
| Personal Care Products — 0.6% | ||||||||
| Estee Lauder Cos., Inc., 2.00%, 12/1/24 | 98,000 | 96,319 | ||||||
| Estee Lauder Cos., Inc., 4.375%, 5/15/28 | 85,000 | 83,242 | ||||||
| Kenvue, Inc., 5.50%, 3/22/25 | 2,100,000 | 2,100,289 | ||||||
| 2,279,850 | ||||||||
| Pharmaceuticals — 1.8% | ||||||||
| Astrazeneca Finance LLC, 4.85%, 2/26/29 | 600,000 | 595,776 | ||||||
| Bristol-Myers Squibb Co., 2.90%, 7/26/24 | 431,000 | 429,298 | ||||||
| GlaxoSmithKline Capital PLC, 3.00%, 6/1/24 | 537,000 | 537,000 | ||||||
| Merck & Co., Inc., 3.40%, 3/7/29 | 1,000,000 | 938,010 | ||||||
| Novartis Capital Corp., 1.75%, 2/14/25 | 1,663,000 | 1,622,113 | ||||||
| Pfizer Investment Enterprises Pte. Ltd., 4.45%, 5/19/28 | 700,000 | 685,243 | ||||||
| Royalty Pharma PLC, 1.20%, 9/2/25 | 1,720,000 | 1,628,933 | ||||||
| 6,436,373 | ||||||||
| Real Estate Management and Development — 0.2% | ||||||||
| CBRE Services, Inc., 4.875%, 3/1/26 | 559,000 | 552,436 | ||||||
| Residential REITs — 1.1% | ||||||||
| AvalonBay Communities, Inc., 2.95%, 5/11/26 | 1,325,000 | 1,267,160 | ||||||
| Camden Property Trust, 4.10%, 10/15/28 | 1,000,000 | 958,948 | ||||||
| UDR, Inc., 3.50%, 7/1/27 | 851,000 | 803,046 | ||||||
| UDR, Inc., 4.40%, 1/26/29 | 1,050,000 | 1,007,798 | ||||||
| 4,036,952 | ||||||||
| Retail REITs — 1.5% | ||||||||
| Federal Realty OP LP, 3.25%, 7/15/27 | 1,250,000 | 1,175,665 | ||||||
| Kimco Realty OP LLC, 3.30%, 2/1/25 | 1,188,000 | 1,170,317 | ||||||
| NNN REIT, Inc., 3.50%, 10/15/27 | 800,000 | 754,401 | ||||||
| Realty Income Corp., 3.875%, 4/15/25 | 1,680,000 | 1,656,269 | ||||||
| Realty Income Corp., 3.95%, 8/15/27 | 300,000 | 289,072 | ||||||
| Realty Income Corp., 2.10%, 3/15/28 | 250,000 | 222,948 | ||||||
| 5,268,672 | ||||||||
| Semiconductors and Semiconductor Equipment — 2.5% | ||||||||
| Analog Devices, Inc., 2.95%, 4/1/25 | 100,000 | 97,945 | ||||||
| Analog Devices, Inc., 1.70%, 10/1/28 | 250,000 | 218,931 | ||||||
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.875%, 1/15/27 | 1,510,000 | 1,458,252 | ||||||
| Broadcom, Inc., 3.15%, 11/15/25 | 100,000 | 96,724 | ||||||
| Intel Corp., 3.40%, 3/25/25 | 1,850,000 | 1,821,674 | ||||||
| Intel Corp., 4.875%, 2/10/28 | 1,150,000 | 1,141,969 | ||||||
| Lam Research Corp., 3.80%, 3/15/25 | 900,000 | 888,490 | ||||||
| Marvell Technology, Inc., 1.65%, 4/15/26 | 380,000 | 354,592 | ||||||
| Micron Technology, Inc., 4.98%, 2/6/26 | 795,000 | 788,747 | ||||||
| Micron Technology, Inc., 4.19%, 2/15/27 | 900,000 | 874,006 | ||||||
| Texas Instruments, Inc., 1.375%, 3/12/25 | 100,000 | 96,967 | ||||||
| Xilinx, Inc., 2.95%, 6/1/24 | 950,000 | 950,000 | ||||||
| 8,788,297 | ||||||||
| Software — 0.6% | ||||||||
| Intuit, Inc., 5.125%, 9/15/28 | 100,000 | 100,620 | ||||||
| Oracle Corp., 2.50%, 4/1/25 | 1,350,000 | 1,315,414 | ||||||
| Oracle Corp., 2.95%, 5/15/25 | 100,000 | 97,511 | ||||||
| Oracle Corp., 1.65%, 3/25/26 | 100,000 | 93,589 | ||||||
| Roper Technologies, Inc., 3.85%, 12/15/25 | 450,000 | 439,697 | ||||||
| 2,046,831 | ||||||||
| Specialized REITs — 1.2% | ||||||||
| American Tower Corp., 2.40%, 3/15/25 | 100,000 | 97,505 | ||||||
American Tower Corp., 3.65%, 3/15/27(1) | 825,000 | 789,526 | ||||||
| American Tower Corp., 3.55%, 7/15/27 | 1,016,000 | 962,743 | ||||||
| American Tower Corp., 5.25%, 7/15/28 | 100,000 | 99,671 | ||||||
| American Tower Corp., 5.80%, 11/15/28 | 100,000 | 101,738 | ||||||
| Crown Castle, Inc., 4.45%, 2/15/26 | 1,325,000 | 1,301,500 | ||||||
| Crown Castle, Inc., 3.70%, 6/15/26 | 92,000 | 88,797 | ||||||
| Crown Castle, Inc., 4.00%, 3/1/27 | 230,000 | 221,478 | ||||||
| Crown Castle, Inc., 4.80%, 9/1/28 | 315,000 | 307,521 | ||||||
| Crown Castle, Inc., 5.60%, 6/1/29 | 200,000 | 201,331 | ||||||
| Equinix, Inc., 1.45%, 5/15/26 | 300,000 | 277,485 | ||||||
| 4,449,295 | ||||||||
| Specialty Retail — 1.3% | ||||||||
| AutoNation, Inc., 3.50%, 11/15/24 | 800,000 | 790,788 | ||||||
| AutoZone, Inc., 3.625%, 4/15/25 | 300,000 | 294,964 | ||||||
| AutoZone, Inc., 3.75%, 6/1/27 | 438,000 | 420,656 | ||||||
| AutoZone, Inc., 6.25%, 11/1/28 | 580,000 | 602,351 | ||||||
| Home Depot, Inc., 4.90%, 4/15/29 | 1,000,000 | 998,340 | ||||||
| Lowe's Cos., Inc., 1.70%, 9/15/28 | 200,000 | 173,987 | ||||||
| Ross Stores, Inc., 4.60%, 4/15/25 | 1,488,000 | 1,475,603 | ||||||
| 4,756,689 | ||||||||
| Technology Hardware, Storage and Peripherals — 0.8% | ||||||||
| Apple, Inc., 1.125%, 5/11/25 | 750,000 | 721,393 | ||||||
| Dell International LLC/EMC Corp., 6.02%, 6/15/26 | 468,000 | 472,381 | ||||||
| Dell International LLC/EMC Corp., 4.90%, 10/1/26 | 225,000 | 222,486 | ||||||
| Hewlett Packard Enterprise Co., 4.90%, 10/15/25 | 1,529,000 | 1,517,806 | ||||||
| 2,934,066 | ||||||||
| Textiles, Apparel and Luxury Goods — 0.5% | ||||||||
| NIKE, Inc., 2.40%, 3/27/25 | 100,000 | 97,691 | ||||||
| Ralph Lauren Corp., 3.75%, 9/15/25 | 1,720,000 | 1,684,516 | ||||||
| 1,782,207 | ||||||||
| Trading Companies and Distributors — 0.2% | ||||||||
| Air Lease Corp., 3.25%, 3/1/25 | 850,000 | 833,246 | ||||||
| Air Lease Corp., 2.875%, 1/15/26 | 50,000 | 47,811 | ||||||
| 881,057 | ||||||||
| Water Utilities — 0.0% | ||||||||
| American Water Capital Corp., 3.40%, 3/1/25 | 100,000 | 98,441 | ||||||
| Wireless Telecommunication Services — 0.4% | ||||||||
| Rogers Communications, Inc., 2.95%, 3/15/25 | 100,000 | 97,785 | ||||||
| Sprint LLC, 7.625%, 3/1/26 | 250,000 | 256,779 | ||||||
| T-Mobile USA, Inc., 3.50%, 4/15/25 | 100,000 | 98,139 | ||||||
| T-Mobile USA, Inc., 2.25%, 2/15/26 | 100,000 | 94,744 | ||||||
| T-Mobile USA, Inc., 4.80%, 7/15/28 | 400,000 | 393,620 | ||||||
| T-Mobile USA, Inc., 2.40%, 3/15/29 | 500,000 | 440,643 | ||||||
| Vodafone Group PLC, 4.125%, 5/30/25 | 220,000 | 216,967 | ||||||
| 1,598,677 | ||||||||
TOTAL CORPORATE BONDS (Cost $276,855,385) | 275,490,168 | |||||||
| U.S. TREASURY SECURITIES — 19.7% | ||||||||
| U.S. Treasury Notes, 0.375%, 8/15/24 | 2,100,000 | 2,079,205 | ||||||
| U.S. Treasury Notes, 2.125%, 9/30/24 | 2,250,000 | 2,226,789 | ||||||
| U.S. Treasury Notes, 1.50%, 10/31/24 | 1,500,000 | 1,477,017 | ||||||
U.S. Treasury Notes, 1.50%, 11/30/24(2) | 4,820,000 | 4,729,880 | ||||||
| U.S. Treasury Notes, 1.75%, 12/31/24 | 3,300,000 | 3,233,736 | ||||||
| U.S. Treasury Notes, 1.125%, 1/15/25 | 2,000,000 | 1,949,941 | ||||||
| U.S. Treasury Notes, 1.50%, 2/15/25 | 4,000,000 | 3,895,953 | ||||||
| U.S. Treasury Notes, 0.375%, 9/30/27 | 3,550,000 | 3,089,817 | ||||||
| U.S. Treasury Notes, 0.625%, 11/30/27 | 4,985,000 | 4,350,581 | ||||||
| U.S. Treasury Notes, 0.75%, 1/31/28 | 5,250,000 | 4,576,318 | ||||||
| U.S. Treasury Notes, 1.125%, 2/29/28 | 6,400,000 | 5,644,750 | ||||||
| U.S. Treasury Notes, 1.25%, 4/30/28 | 6,370,000 | 5,618,663 | ||||||
| U.S. Treasury Notes, 1.25%, 6/30/28 | 4,500,000 | 3,950,508 | ||||||
| U.S. Treasury Notes, 1.00%, 7/31/28 | 4,650,000 | 4,029,516 | ||||||
| U.S. Treasury Notes, 3.125%, 11/15/28 | 5,625,000 | 5,307,056 | ||||||
| U.S. Treasury Notes, 1.375%, 12/31/28 | 3,700,000 | 3,222,324 | ||||||
| U.S. Treasury Notes, 1.75%, 1/31/29 | 5,850,000 | 5,174,279 | ||||||
| U.S. Treasury Notes, 1.875%, 2/28/29 | 6,500,000 | 5,773,701 | ||||||
TOTAL U.S. TREASURY SECURITIES (Cost $71,387,850) | 70,330,034 | |||||||
| U.S. GOVERNMENT AGENCY SECURITIES — 1.6% | ||||||||
| Federal Farm Credit Banks Funding Corp., 3.30%, 8/15/24 | 51,000 | 50,766 | ||||||
| Federal Farm Credit Banks Funding Corp., 4.625%, 12/5/24 | 116,000 | 115,665 | ||||||
| Federal Farm Credit Banks Funding Corp., 1.125%, 1/6/25 | 250,000 | 244,061 | ||||||
| Federal Farm Credit Banks Funding Corp., 4.50%, 3/2/26 | 198,000 | 196,672 | ||||||
| FHLB, 1.50%, 8/15/24 | 170,000 | 168,663 | ||||||
| FHLB, 3.25%, 11/16/28 | 700,000 | 664,788 | ||||||
| FHLMC, 5.31%, 11/15/24 | 750,000 | 749,074 | ||||||
| FHLMC, 4.00%, 11/25/24 | 550,000 | 545,866 | ||||||
| FHLMC, 0.375%, 7/21/25 | 115,000 | 109,071 | ||||||
| FHLMC, 0.65%, 10/27/25 | 100,000 | 94,145 | ||||||
| FNMA, 2.625%, 9/6/24 | 875,000 | 869,028 | ||||||
| FNMA, 0.50%, 6/17/25 | 750,000 | 715,263 | ||||||
| Tennessee Valley Authority, 0.75%, 5/15/25 | 211,000 | 202,339 | ||||||
| Tennessee Valley Authority, 3.875%, 3/15/28 | 900,000 | 876,025 | ||||||
TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $5,648,051) | 5,601,426 | |||||||
| SOVEREIGN GOVERNMENTS AND AGENCIES — 0.2% | ||||||||
| Sweden — 0.2% | ||||||||
| Svensk Exportkredit AB, 3.625%, 9/3/24 | 500,000 | 497,544 | ||||||
| Svensk Exportkredit AB, 2.25%, 3/22/27 | 350,000 | 326,110 | ||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $833,383) | 823,654 | |||||||
| SHORT-TERM INVESTMENTS — 0.4% | ||||||||
| Money Market Funds — 0.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) (Cost $1,637,783) | 1,637,783 | 1,637,783 | ||||||
TOTAL INVESTMENT SECURITIES — 99.1% (Cost $356,362,452) | 353,883,065 | |||||||
| OTHER ASSETS AND LIABILITIES — 0.9% | 3,134,171 | |||||||
| TOTAL NET ASSETS — 100.0% | $ | 357,017,236 | ||||||
| FUTURES CONTRACTS PURCHASED | ||||||||||||||
| Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
| U.S. Treasury 5-Year Notes | 50 | September 2024 | $ | 5,289,844 | $ | 3,520 | ||||||||
^Amount represents value and unrealized appreciation (depreciation).
| NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
| FHLB | – | Federal Home Loan Bank | ||||||
| FHLMC | – | Federal Home Loan Mortgage Corp. | ||||||
| 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 $1,588,988. 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 $154,065.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $1,637,783.
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 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.
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.
| Level 1 | Level 2 | Level 3 | |||||||||
| Assets | |||||||||||
| Investment Securities | |||||||||||
| Corporate Bonds | — | $ | 275,490,168 | — | |||||||
| U.S. Treasury Securities | — | 70,330,034 | — | ||||||||
| U.S. Government Agency Securities | — | 5,601,426 | — | ||||||||
| Sovereign Governments and Agencies | — | 823,654 | — | ||||||||
| Short-Term Investments | $ | 1,637,783 | — | — | |||||||
| $ | 1,637,783 | $ | 352,245,282 | — | |||||||
| Other Financial Instruments | |||||||||||
| Futures Contracts | $ | 3,520 | — | — | |||||||
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.