American Century Investments®
Quarterly Portfolio Holdings
Avantis® U.S. Mid Cap Equity ETF (AVMC)
November 30, 2024
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| Avantis U.S. Mid Cap Equity ETF - Schedule of Investments |
| NOVEMBER 30, 2024 (UNAUDITED) |
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| Shares | Value ($) |
| COMMON STOCKS — 99.8% | | |
| Aerospace and Defense — 1.5% | | |
Axon Enterprise, Inc.(1) | 267 | | 172,738 | |
| BWX Technologies, Inc. | 2,014 | | 263,532 | |
| Hexcel Corp. | 1,347 | | 85,386 | |
| Howmet Aerospace, Inc. | 5,937 | | 702,822 | |
| Huntington Ingalls Industries, Inc. | 707 | | 139,929 | |
Leonardo DRS, Inc.(1) | 1,032 | | 35,883 | |
| Textron, Inc. | 4,190 | | 358,790 | |
| Woodward, Inc. | 1,108 | | 199,795 | |
| | 1,958,875 | |
| Air Freight and Logistics — 0.5% | | |
| CH Robinson Worldwide, Inc. | 1,754 | | 185,187 | |
| Expeditors International of Washington, Inc. | 3,523 | | 428,538 | |
| | 613,725 | |
| Automobile Components — 0.7% | | |
Aptiv PLC(1) | 5,558 | | 308,636 | |
| Autoliv, Inc. | 1,737 | | 172,171 | |
| BorgWarner, Inc. | 5,337 | | 183,166 | |
| Gentex Corp. | 5,086 | | 155,428 | |
| Lear Corp. | 1,167 | | 114,179 | |
| | 933,580 | |
| Automobiles — 0.3% | | |
Lucid Group, Inc.(1)(2) | 10,499 | | 22,888 | |
Rivian Automotive, Inc., Class A(1) | 17,368 | | 212,411 | |
| Thor Industries, Inc. | 1,077 | | 120,193 | |
| | 355,492 | |
| Banks — 5.3% | | |
| Bank OZK | 783 | | 39,127 | |
| BOK Financial Corp. | 502 | | 59,673 | |
| Citizens Financial Group, Inc. | 9,387 | | 451,890 | |
| Columbia Banking System, Inc. | 1,444 | | 44,778 | |
| Comerica, Inc. | 3,434 | | 248,107 | |
| Commerce Bancshares, Inc. | 2,320 | | 171,100 | |
| Cullen/Frost Bankers, Inc. | 1,319 | | 185,478 | |
| East West Bancorp, Inc. | 3,284 | | 360,189 | |
| Fifth Third Bancorp | 15,159 | | 728,542 | |
| First Citizens BancShares, Inc., Class A | 294 | | 674,730 | |
| First Horizon Corp. | 6,855 | | 144,846 | |
| Huntington Bancshares, Inc. | 31,850 | | 573,618 | |
| KeyCorp | 20,632 | | 401,911 | |
| M&T Bank Corp. | 3,491 | | 767,985 | |
| Pinnacle Financial Partners, Inc. | 1,892 | | 240,492 | |
| Popular, Inc. | 1,486 | | 147,649 | |
| Prosperity Bancshares, Inc. | 1,648 | | 137,987 | |
| Regions Financial Corp. | 20,621 | | 562,128 | |
| SouthState Corp. | 1,620 | | 179,318 | |
| Webster Financial Corp. | 3,979 | | 245,823 | |
| Western Alliance Bancorp | 3,038 | | 284,387 | |
| Wintrust Financial Corp. | 1,497 | | 206,601 | |
| Zions Bancorp NA | 4,178 | | 252,853 | |
| | 7,109,212 | |
| | |
| | | | | | | | |
| Beverages — 0.4% | | |
| Brown-Forman Corp., Class A | 916 | | 37,886 | |
| Brown-Forman Corp., Class B | 1,757 | | 73,934 | |
Celsius Holdings, Inc.(1) | 1,698 | | 48,308 | |
| Coca-Cola Consolidated, Inc. | 93 | | 121,299 | |
| Molson Coors Beverage Co., Class B | 3,932 | | 244,020 | |
| | 525,447 | |
| Biotechnology — 1.7% | | |
Biogen, Inc.(1) | 2,405 | | 386,315 | |
BioMarin Pharmaceutical, Inc.(1) | 3,363 | | 222,059 | |
Exelixis, Inc.(1) | 6,206 | | 226,271 | |
Halozyme Therapeutics, Inc.(1) | 2,994 | | 144,311 | |
Incyte Corp.(1) | 3,009 | | 224,441 | |
Moderna, Inc.(1) | 4,362 | | 187,828 | |
Neurocrine Biosciences, Inc.(1) | 2,017 | | 255,655 | |
REVOLUTION Medicines, Inc.(1) | 2,816 | | 162,905 | |
United Therapeutics Corp.(1) | 1,022 | | 378,641 | |
Vaxcyte, Inc.(1) | 1,679 | | 158,397 | |
| | 2,346,823 | |
| Broadline Retail — 0.5% | | |
| Dillard's, Inc., Class A | 106 | | 46,971 | |
| eBay, Inc. | 6,673 | | 422,334 | |
Ollie's Bargain Outlet Holdings, Inc.(1) | 1,312 | | 129,822 | |
| | 599,127 | |
| Building Products — 2.8% | | |
| A.O. Smith Corp. | 2,764 | | 205,890 | |
| Advanced Drainage Systems, Inc. | 1,839 | | 248,798 | |
| Allegion PLC | 1,725 | | 242,949 | |
Builders FirstSource, Inc.(1) | 2,612 | | 487,060 | |
| Carlisle Cos., Inc. | 1,197 | | 546,670 | |
| Fortune Brands Innovations, Inc. | 2,657 | | 208,043 | |
| Lennox International, Inc. | 796 | | 531,036 | |
| Masco Corp. | 1,930 | | 155,481 | |
| Owens Corning | 2,307 | | 474,365 | |
| Simpson Manufacturing Co., Inc. | 1,003 | | 188,965 | |
Trex Co., Inc.(1) | 2,346 | | 176,020 | |
| UFP Industries, Inc. | 1,624 | | 220,702 | |
| Zurn Elkay Water Solutions Corp. | 3,197 | | 127,305 | |
| | 3,813,284 | |
| Capital Markets — 5.0% | | |
| Affiliated Managers Group, Inc. | 551 | | 103,334 | |
| Carlyle Group, Inc. | 5,151 | | 274,188 | |
| Cboe Global Markets, Inc. | 2,015 | | 434,938 | |
| Evercore, Inc., Class A | 899 | | 276,802 | |
| FactSet Research Systems, Inc. | 795 | | 390,083 | |
| Franklin Resources, Inc. | 5,799 | | 131,985 | |
Freedom Holding Corp.(1) | 6 | | 713 | |
| Hamilton Lane, Inc., Class A | 1,007 | | 193,747 | |
| Invesco Ltd. | 6,617 | | 119,701 | |
| Jefferies Financial Group, Inc. | 3,241 | | 256,493 | |
| LPL Financial Holdings, Inc. | 1,797 | | 584,294 | |
| MarketAxess Holdings, Inc. | 411 | | 106,322 | |
| Morningstar, Inc. | 504 | | 178,492 | |
| Nasdaq, Inc. | 6,507 | | 540,016 | |
| | | | | | | | |
| Northern Trust Corp. | 4,517 | | 502,110 | |
| Raymond James Financial, Inc. | 4,402 | | 745,170 | |
| SEI Investments Co. | 2,632 | | 217,482 | |
| State Street Corp. | 6,284 | | 619,037 | |
| Stifel Financial Corp. | 2,092 | | 242,254 | |
| T. Rowe Price Group, Inc. | 4,627 | | 573,008 | |
| Tradeweb Markets, Inc., Class A | 2,118 | | 286,989 | |
| | 6,777,158 | |
| Chemicals — 3.5% | | |
| Albemarle Corp. | 2,407 | | 259,234 | |
Axalta Coating Systems Ltd.(1) | 4,224 | | 170,903 | |
| CF Industries Holdings, Inc. | 4,742 | | 425,168 | |
| Corteva, Inc. | 3,832 | | 238,504 | |
| Dow, Inc. | 10,390 | | 459,342 | |
| DuPont de Nemours, Inc. | 7,511 | | 627,844 | |
| Eastman Chemical Co. | 2,831 | | 296,462 | |
| FMC Corp. | 1,500 | | 88,635 | |
| International Flavors & Fragrances, Inc. | 2,847 | | 260,102 | |
| LyondellBasell Industries NV, Class A | 6,062 | | 505,207 | |
| Mosaic Co. | 5,296 | | 140,132 | |
| NewMarket Corp. | 177 | | 94,440 | |
| Olin Corp. | 2,337 | | 99,533 | |
| PPG Industries, Inc. | 4,431 | | 551,083 | |
| RPM International, Inc. | 2,818 | | 391,082 | |
| Westlake Corp. | 827 | | 106,187 | |
| | 4,713,858 | |
| Commercial Services and Supplies — 0.5% | | |
Clean Harbors, Inc.(1) | 1,209 | | 314,449 | |
| MSA Safety, Inc. | 815 | | 141,655 | |
| Rollins, Inc. | 4,971 | | 250,190 | |
| | 706,294 | |
| Communications Equipment — 0.4% | | |
Ciena Corp.(1) | 2,846 | | 198,423 | |
F5, Inc.(1) | 1,201 | | 300,670 | |
| Juniper Networks, Inc. | 1,368 | | 49,139 | |
| | 548,232 | |
| Construction and Engineering — 1.3% | | |
| AECOM | 2,330 | | 272,540 | |
API Group Corp.(1) | 3,830 | | 144,697 | |
| Comfort Systems USA, Inc. | 791 | | 390,177 | |
| EMCOR Group, Inc. | 1,191 | | 607,553 | |
Fluor Corp.(1) | 3,936 | | 220,928 | |
WillScot Holdings Corp.(1) | 4,038 | | 154,413 | |
| | 1,790,308 | |
| Construction Materials — 1.2% | | |
| Eagle Materials, Inc. | 806 | | 248,990 | |
| Martin Marietta Materials, Inc. | 1,195 | | 717,000 | |
| Vulcan Materials Co. | 2,425 | | 698,715 | |
| | 1,664,705 | |
| Consumer Finance — 1.8% | | |
| Ally Financial, Inc. | 6,707 | | 268,146 | |
Credit Acceptance Corp.(1) | 89 | | 44,295 | |
| Discover Financial Services | 4,870 | | 888,434 | |
| FirstCash Holdings, Inc. | 717 | | 78,053 | |
| | | | | | | | |
| OneMain Holdings, Inc. | 2,865 | | 164,308 | |
SoFi Technologies, Inc.(1) | 19,847 | | 325,689 | |
| Synchrony Financial | 9,674 | | 653,188 | |
| | 2,422,113 | |
| Consumer Staples Distribution & Retail — 1.7% | | |
BJ's Wholesale Club Holdings, Inc.(1) | 2,753 | | 265,114 | |
| Casey's General Stores, Inc. | 895 | | 376,697 | |
| Dollar General Corp. | 2,273 | | 175,635 | |
Dollar Tree, Inc.(1) | 2,409 | | 171,689 | |
| Kroger Co. | 2,660 | | 162,473 | |
Maplebear, Inc.(1) | 1,208 | | 52,753 | |
Performance Food Group Co.(1) | 3,053 | | 269,397 | |
| Sysco Corp. | 7,511 | | 579,173 | |
U.S. Foods Holding Corp.(1) | 4,117 | | 287,243 | |
| | 2,340,174 | |
| Containers and Packaging — 2.2% | | |
| Amcor PLC | 26,031 | | 276,970 | |
| AptarGroup, Inc. | 1,415 | | 244,738 | |
| Avery Dennison Corp. | 1,618 | | 333,227 | |
| Ball Corp. | 5,573 | | 346,418 | |
| Berry Global Group, Inc. | 2,171 | | 156,985 | |
| Crown Holdings, Inc. | 2,353 | | 216,688 | |
| Graphic Packaging Holding Co. | 5,921 | | 178,163 | |
| International Paper Co. | 7,802 | | 458,992 | |
| Packaging Corp. of America | 2,224 | | 553,442 | |
| Sealed Air Corp. | 1,527 | | 55,888 | |
| Smurfit WestRock PLC | 1,773 | | 97,551 | |
| Sonoco Products Co. | 1,797 | | 93,228 | |
| | 3,012,290 | |
| Distributors — 0.4% | | |
| Genuine Parts Co. | 2,125 | | 269,301 | |
| LKQ Corp. | 320 | | 12,573 | |
| Pool Corp. | 806 | | 303,935 | |
| | 585,809 | |
| Diversified Consumer Services — 0.4% | | |
| ADT, Inc. | 7,286 | | 55,519 | |
Bright Horizons Family Solutions, Inc.(1) | 755 | | 87,301 | |
| H&R Block, Inc. | 3,432 | | 203,449 | |
| Service Corp. International | 2,245 | | 198,884 | |
| | 545,153 | |
| Diversified Telecommunication Services — 0.1% | | |
Frontier Communications Parent, Inc.(1) | 2,787 | | 97,015 | |
Lumen Technologies, Inc.(1) | 4,772 | | 35,027 | |
| | 132,042 | |
| Electric Utilities — 2.2% | | |
| Alliant Energy Corp. | 2,847 | | 179,930 | |
| Avangrid, Inc. | 558 | | 20,144 | |
| Edison International | 2,330 | | 204,457 | |
| Entergy Corp. | 3,349 | | 523,013 | |
| Evergy, Inc. | 2,835 | | 183,226 | |
| Eversource Energy | 2,278 | | 146,908 | |
| Exelon Corp. | 4,082 | | 161,484 | |
| FirstEnergy Corp. | 1,027 | | 43,699 | |
| IDACORP, Inc. | 516 | | 61,131 | |
| | | | | | | | |
| NRG Energy, Inc. | 3,444 | | 349,945 | |
| OGE Energy Corp. | 3,622 | | 159,223 | |
| Pinnacle West Capital Corp. | 1,879 | | 176,062 | |
| PPL Corp. | 9,234 | | 322,544 | |
| Xcel Energy, Inc. | 6,232 | | 452,194 | |
| | 2,983,960 | |
| Electrical Equipment — 1.2% | | |
| Acuity Brands, Inc. | 696 | | 223,200 | |
Generac Holdings, Inc.(1) | 1,011 | | 190,270 | |
| Hubbell, Inc. | 1,096 | | 504,259 | |
NEXTracker, Inc., Class A(1) | 2,227 | | 84,982 | |
| Rockwell Automation, Inc. | 2,005 | | 591,756 | |
| Sensata Technologies Holding PLC | 2,247 | | 72,219 | |
| | 1,666,686 | |
| Electronic Equipment, Instruments and Components — 2.9% | | |
Arrow Electronics, Inc.(1) | 1,211 | | 145,514 | |
| CDW Corp. | 3,035 | | 533,948 | |
| Cognex Corp. | 2,576 | | 102,989 | |
| Corning, Inc. | 15,720 | | 765,092 | |
Fabrinet(1) | 899 | | 210,887 | |
Flex Ltd.(1) | 10,919 | | 425,513 | |
Insight Enterprises, Inc.(1) | 737 | | 115,304 | |
| Jabil, Inc. | 3,733 | | 507,053 | |
Keysight Technologies, Inc.(1) | 3,419 | | 584,102 | |
| Littelfuse, Inc. | 508 | | 125,308 | |
| TD SYNNEX Corp. | 1,129 | | 134,340 | |
Trimble, Inc.(1) | 758 | | 55,311 | |
| Vontier Corp. | 3,226 | | 126,653 | |
| | 3,832,014 | |
| Energy Equipment and Services — 0.7% | | |
| ChampionX Corp. | 4,830 | | 149,489 | |
| NOV, Inc. | 9,008 | | 144,308 | |
| Patterson-UTI Energy, Inc. | 153 | | 1,285 | |
| TechnipFMC PLC | 12,417 | | 389,521 | |
Transocean Ltd.(1)(2) | 236 | | 1,038 | |
Valaris Ltd.(1) | 173 | | 7,991 | |
| Weatherford International PLC | 2,143 | | 176,369 | |
| | 870,001 | |
| Entertainment — 1.2% | | |
| Electronic Arts, Inc. | 3,843 | | 628,984 | |
Liberty Media Corp.-Liberty Formula One, Class A(1) | 406 | | 32,845 | |
Liberty Media Corp.-Liberty Formula One, Class C(1) | 3,609 | | 318,891 | |
Live Nation Entertainment, Inc.(1) | 1,434 | | 198,251 | |
Roku, Inc.(1) | 2,532 | | 174,784 | |
Warner Bros Discovery, Inc.(1) | 29,933 | | 313,698 | |
| | 1,667,453 | |
| Financial Services — 1.6% | | |
Affirm Holdings, Inc.(1) | 4,361 | | 305,314 | |
Block, Inc.(1) | 50 | | 4,427 | |
Corpay, Inc.(1) | 1,239 | | 472,282 | |
| Enact Holdings, Inc. | 536 | | 18,873 | |
| Equitable Holdings, Inc. | 8,276 | | 399,151 | |
| Essent Group Ltd. | 2,156 | | 124,574 | |
| Fidelity National Information Services, Inc. | 82 | | 6,995 | |
| | | | | | | | |
| Jack Henry & Associates, Inc. | 1,517 | | 267,265 | |
| MGIC Investment Corp. | 6,600 | | 173,316 | |
| Voya Financial, Inc. | 2,241 | | 186,003 | |
WEX, Inc.(1) | 817 | | 154,135 | |
| | 2,112,335 | |
| Food Products — 2.2% | | |
| Archer-Daniels-Midland Co. | 5,006 | | 273,328 | |
| Campbell's Co. | 2,467 | | 113,975 | |
Darling Ingredients, Inc.(1) | 2,597 | | 105,256 | |
| Flowers Foods, Inc. | 2,067 | | 46,756 | |
Freshpet, Inc.(1) | 428 | | 65,505 | |
| General Mills, Inc. | 5,184 | | 343,492 | |
| Hershey Co. | 1,358 | | 239,185 | |
| Hormel Foods Corp. | 5,299 | | 171,847 | |
| Ingredion, Inc. | 1,363 | | 200,824 | |
| Kellanova | 5,431 | | 441,486 | |
| Kraft Heinz Co. | 3,687 | | 117,873 | |
| Lamb Weston Holdings, Inc. | 2,055 | | 158,728 | |
| Lancaster Colony Corp. | 177 | | 32,894 | |
| McCormick & Co., Inc. | 2,705 | | 212,099 | |
Pilgrim's Pride Corp.(1) | 910 | | 46,965 | |
Post Holdings, Inc.(1) | 936 | | 112,769 | |
| Tyson Foods, Inc., Class A | 4,804 | | 309,858 | |
| | 2,992,840 | |
| Gas Utilities — 0.4% | | |
| Atmos Energy Corp. | 2,690 | | 407,051 | |
| National Fuel Gas Co. | 1,667 | | 106,638 | |
| | 513,689 | |
| Ground Transportation — 1.4% | | |
| JB Hunt Transport Services, Inc. | 1,910 | | 361,200 | |
| Knight-Swift Transportation Holdings, Inc. | 2,444 | | 145,076 | |
| Landstar System, Inc. | 808 | | 150,223 | |
| Ryder System, Inc. | 1,310 | | 221,180 | |
Saia, Inc.(1) | 688 | | 391,527 | |
U-Haul Holding Co.(1)(2) | 256 | | 18,092 | |
| U-Haul Holding Co. | 2,295 | | 143,300 | |
XPO, Inc.(1) | 2,706 | | 412,422 | |
| | 1,843,020 | |
| Health Care Equipment and Supplies — 2.6% | | |
Align Technology, Inc.(1) | 1,412 | | 328,671 | |
| Baxter International, Inc. | 5,577 | | 188,001 | |
Cooper Cos., Inc.(1) | 2,592 | | 270,760 | |
| Dentsply Sirona, Inc. | 2,517 | | 49,459 | |
Dexcom, Inc.(1) | 2,096 | | 163,467 | |
| GE HealthCare Technologies, Inc. | 6,342 | | 527,781 | |
Globus Medical, Inc., Class A(1) | 2,242 | | 191,938 | |
Hologic, Inc.(1) | 3,374 | | 268,233 | |
IDEXX Laboratories, Inc.(1) | 335 | | 141,286 | |
| ResMed, Inc. | 2,461 | | 612,838 | |
| STERIS PLC | 1,917 | | 419,938 | |
| Teleflex, Inc. | 556 | | 107,225 | |
| Zimmer Biomet Holdings, Inc. | 2,529 | | 283,501 | |
| | 3,553,098 | |
| | |
| | | | | | | | |
| Health Care Providers and Services — 1.6% | | |
Centene Corp.(1) | 3,638 | | 218,280 | |
| Chemed Corp. | 289 | | 165,421 | |
DaVita, Inc.(1) | 1,020 | | 169,493 | |
| Encompass Health Corp. | 1,934 | | 199,086 | |
| Ensign Group, Inc. | 1,225 | | 179,107 | |
| Labcorp Holdings, Inc. | 1,383 | | 333,524 | |
Molina Healthcare, Inc.(1) | 1,309 | | 389,951 | |
Tenet Healthcare Corp.(1) | 1,757 | | 250,689 | |
| Universal Health Services, Inc., Class B | 1,063 | | 217,915 | |
| | 2,123,466 | |
| Health Care Technology — 0.4% | | |
Veeva Systems, Inc., Class A(1) | 2,344 | | 534,080 | |
| Hotels, Restaurants and Leisure — 3.5% | | |
| Aramark | 4,631 | | 188,435 | |
| Boyd Gaming Corp. | 1,248 | | 92,165 | |
Caesars Entertainment, Inc.(1) | 3,240 | | 124,708 | |
Carnival Corp.(1) | 29,060 | | 738,996 | |
| Choice Hotels International, Inc. | 625 | | 94,525 | |
| Churchill Downs, Inc. | 925 | | 131,452 | |
| Darden Restaurants, Inc. | 2,515 | | 443,319 | |
Expedia Group, Inc.(1) | 2,545 | | 469,858 | |
| Hyatt Hotels Corp., Class A | 537 | | 84,814 | |
| International Game Technology PLC | 82 | | 1,577 | |
Light & Wonder, Inc., Class A(1) | 1,739 | | 165,274 | |
MGM Resorts International(1) | 1,483 | | 56,858 | |
Norwegian Cruise Line Holdings Ltd.(1) | 9,156 | | 246,205 | |
| Royal Caribbean Cruises Ltd. | 5,350 | | 1,305,721 | |
| Texas Roadhouse, Inc. | 1,219 | | 250,224 | |
| Vail Resorts, Inc. | 606 | | 108,619 | |
| Wyndham Hotels & Resorts, Inc. | 1,538 | | 151,001 | |
| | 4,653,751 | |
| Household Durables — 2.1% | | |
| Garmin Ltd. | 3,065 | | 651,619 | |
| Meritage Homes Corp. | 910 | | 173,874 | |
Mohawk Industries, Inc.(1) | 867 | | 120,366 | |
NVR, Inc.(1) | 19 | | 175,476 | |
| PulteGroup, Inc. | 5,225 | | 706,786 | |
Taylor Morrison Home Corp.(1) | 2,644 | | 195,312 | |
| Tempur Sealy International, Inc. | 3,472 | | 194,362 | |
| Toll Brothers, Inc. | 2,596 | | 428,781 | |
TopBuild Corp.(1) | 606 | | 236,728 | |
| | 2,883,304 | |
| Household Products — 0.6% | | |
| Church & Dwight Co., Inc. | 4,726 | | 520,475 | |
| Clorox Co. | 2,037 | | 340,525 | |
| Reynolds Consumer Products, Inc. | 226 | | 6,258 | |
| | 867,258 | |
| Independent Power and Renewable Electricity Producers — 1.2% | | |
| AES Corp. | 7,685 | | 100,212 | |
| Brookfield Renewable Corp., Class A | 2 | | 64 | |
| Clearway Energy, Inc., Class A | 447 | | 12,431 | |
| Clearway Energy, Inc., Class C | 807 | | 23,799 | |
| Vistra Corp. | 8,814 | | 1,408,830 | |
| | 1,545,336 | |
| | |
| | | | | | | | |
| Insurance — 6.2% | | |
| American Financial Group, Inc. | 1,618 | | 237,620 | |
| Arch Capital Group Ltd. | 7,343 | | 739,587 | |
| Assurant, Inc. | 1,109 | | 251,854 | |
| Axis Capital Holdings Ltd. | 2,008 | | 186,824 | |
| Brown & Brown, Inc. | 2,993 | | 338,508 | |
| Cincinnati Financial Corp. | 3,101 | | 495,633 | |
| CNA Financial Corp. | 576 | | 29,054 | |
| Erie Indemnity Co., Class A | 604 | | 266,098 | |
| Everest Group Ltd. | 897 | | 347,641 | |
| Fidelity National Financial, Inc. | 5,439 | | 344,778 | |
| First American Financial Corp. | 2,140 | | 150,121 | |
| Globe Life, Inc. | 2,034 | | 226,262 | |
| Hartford Financial Services Group, Inc. | 7,322 | | 902,876 | |
| Kinsale Capital Group, Inc. | 596 | | 303,030 | |
| Loews Corp. | 3,938 | | 341,543 | |
Markel Group, Inc.(1) | 295 | | 525,961 | |
| Old Republic International Corp. | 5,678 | | 221,272 | |
| Primerica, Inc. | 900 | | 272,475 | |
| Principal Financial Group, Inc. | 4,895 | | 426,306 | |
| Reinsurance Group of America, Inc. | 1,406 | | 321,130 | |
| RenaissanceRe Holdings Ltd. | 1,005 | | 287,581 | |
| RLI Corp. | 909 | | 159,893 | |
| Ryan Specialty Holdings, Inc. | 1,763 | | 132,930 | |
| Selective Insurance Group, Inc. | 1,238 | | 126,388 | |
| Unum Group | 3,788 | | 291,297 | |
| W.R. Berkley Corp. | 6,107 | | 394,207 | |
| | 8,320,869 | |
| Interactive Media and Services — 0.3% | | |
Pinterest, Inc., Class A(1) | 11,289 | | 342,282 | |
| IT Services — 1.6% | | |
Akamai Technologies, Inc.(1) | 3,184 | | 299,360 | |
| Cognizant Technology Solutions Corp., Class A | 2,867 | | 230,765 | |
EPAM Systems, Inc.(1) | 909 | | 221,723 | |
Gartner, Inc.(1) | 1,347 | | 697,652 | |
GoDaddy, Inc., Class A(1) | 1,856 | | 366,690 | |
Twilio, Inc., Class A(1) | 3,328 | | 347,909 | |
| | 2,164,099 | |
| Leisure Products — 0.3% | | |
| Brunswick Corp. | 1,347 | | 108,447 | |
| Hasbro, Inc. | 1,223 | | 79,678 | |
Mattel, Inc.(1) | 8,142 | | 154,861 | |
| Polaris, Inc. | 202 | | 13,938 | |
| | 356,924 | |
| Life Sciences Tools and Services — 1.7% | | |
| Agilent Technologies, Inc. | 3,595 | | 496,002 | |
Bio-Rad Laboratories, Inc., Class A(1) | 316 | | 107,607 | |
| Bio-Techne Corp. | 2,442 | | 184,029 | |
| Bruker Corp. | 1,289 | | 74,698 | |
Illumina, Inc.(1) | 1,257 | | 181,196 | |
IQVIA Holdings, Inc.(1) | 901 | | 180,957 | |
Medpace Holdings, Inc.(1) | 502 | | 170,996 | |
Repligen Corp.(1) | 18 | | 2,710 | |
Waters Corp.(1) | 1,125 | | 432,810 | |
| West Pharmaceutical Services, Inc. | 1,404 | | 457,255 | |
| | 2,288,260 | |
| | |
| | | | | | | | |
| Machinery — 4.3% | | |
| AGCO Corp. | 1,504 | | 152,220 | |
| Allison Transmission Holdings, Inc. | 2,025 | | 239,962 | |
| Donaldson Co., Inc. | 2,653 | | 207,067 | |
| Dover Corp. | 2,611 | | 537,605 | |
| Esab Corp. | 1,020 | | 131,662 | |
| Flowserve Corp. | 2,564 | | 156,455 | |
| Graco, Inc. | 3,743 | | 340,912 | |
| IDEX Corp. | 1,305 | | 300,972 | |
| Ingersoll Rand, Inc. | 5,957 | | 620,541 | |
| ITT, Inc. | 1,750 | | 273,210 | |
| Lincoln Electric Holdings, Inc. | 1,214 | | 265,235 | |
| Mueller Industries, Inc. | 2,740 | | 221,310 | |
| Oshkosh Corp. | 1,535 | | 174,391 | |
| Pentair PLC | 2,927 | | 319,014 | |
RBC Bearings, Inc.(1) | 505 | | 169,230 | |
| Snap-on, Inc. | 1,097 | | 405,550 | |
| Timken Co. | 1,387 | | 107,423 | |
| Toro Co. | 1,348 | | 117,384 | |
| Watts Water Technologies, Inc., Class A | 468 | | 100,990 | |
| Westinghouse Air Brake Technologies Corp. | 2,547 | | 510,979 | |
| Xylem, Inc. | 3,330 | | 422,077 | |
| | 5,774,189 | |
| Marine Transportation — 0.1% | | |
Kirby Corp.(1) | 1,319 | | 166,867 | |
| Media — 1.1% | | |
| Fox Corp., Class A | 6,272 | | 295,537 | |
| Fox Corp., Class B | 3,202 | | 143,225 | |
| Interpublic Group of Cos., Inc. | 5,069 | | 156,176 | |
Liberty Broadband Corp., Class A(1) | 442 | | 37,424 | |
Liberty Broadband Corp., Class C(1) | 2,309 | | 196,588 | |
| New York Times Co., Class A | 3,184 | | 172,764 | |
| News Corp., Class A | 7,882 | | 231,337 | |
| News Corp., Class B | 2,406 | | 77,208 | |
| Nexstar Media Group, Inc., Class A | 447 | | 76,254 | |
| Omnicom Group, Inc. | 116 | | 12,159 | |
| Paramount Global, Class B | 4,887 | | 53,024 | |
| | 1,451,696 | |
| Metals and Mining — 1.4% | | |
| Alcoa Corp. | 2,157 | | 100,150 | |
ATI, Inc.(1) | 2,990 | | 179,908 | |
Cleveland-Cliffs, Inc.(1) | 12,395 | | 154,318 | |
| Commercial Metals Co. | 2,850 | | 175,816 | |
| Reliance, Inc. | 1,298 | | 416,970 | |
| Royal Gold, Inc. | 863 | | 126,222 | |
| Steel Dynamics, Inc. | 3,916 | | 568,877 | |
| U.S. Steel Corp. | 5,127 | | 209,028 | |
| | 1,931,289 | |
| Multi-Utilities — 1.9% | | |
| Ameren Corp. | 3,044 | | 287,323 | |
| CenterPoint Energy, Inc. | 3,898 | | 127,153 | |
| CMS Energy Corp. | 3,661 | | 255,208 | |
| Consolidated Edison, Inc. | 4,451 | | 447,726 | |
| DTE Energy Co. | 2,279 | | 286,653 | |
| | | | | | | | |
| NiSource, Inc. | 4,481 | | 170,681 | |
| Public Service Enterprise Group, Inc. | 6,747 | | 636,242 | |
| WEC Energy Group, Inc. | 2,698 | | 272,633 | |
| | 2,483,619 | |
| Oil, Gas and Consumable Fuels — 5.6% | | |
| Antero Midstream Corp. | 7,884 | | 125,907 | |
Antero Resources Corp.(1) | 7,449 | | 243,508 | |
| APA Corp. | 7,716 | | 174,767 | |
| Chord Energy Corp. | 1,095 | | 139,634 | |
| Civitas Resources, Inc. | 2,427 | | 125,913 | |
| ConocoPhillips | 4,063 | | 440,204 | |
| Coterra Energy, Inc. | 18,354 | | 490,419 | |
| Devon Energy Corp. | 15,621 | | 592,817 | |
| Diamondback Energy, Inc. | 65 | | 11,543 | |
| DT Midstream, Inc. | 2,217 | | 235,268 | |
EnLink Midstream LLC(1) | 6,788 | | 108,676 | |
| EQT Corp. | 11,104 | | 504,566 | |
| Expand Energy Corp. | 6,357 | | 629,089 | |
| Hess Midstream LP, Class A | 1,536 | | 58,214 | |
| HF Sinclair Corp. | 4,292 | | 175,671 | |
| Magnolia Oil & Gas Corp., Class A | 4,047 | | 112,264 | |
| Matador Resources Co. | 3,309 | | 198,573 | |
| Murphy Oil Corp. | 3,957 | | 128,484 | |
New Fortress Energy, Inc.(2) | 40 | | 427 | |
| Ovintiv, Inc. | 8,405 | | 381,755 | |
| Permian Resources Corp. | 14,065 | | 220,258 | |
| Range Resources Corp. | 6,661 | | 238,064 | |
| SM Energy Co. | 2,440 | | 110,264 | |
| Targa Resources Corp. | 5,059 | | 1,033,554 | |
| Texas Pacific Land Corp. | 587 | | 939,253 | |
| Viper Energy, Inc. | 1,282 | | 69,369 | |
| | 7,488,461 | |
| Paper and Forest Products — 0.0% | | |
Magnera Corp.(1) | 247 | | 5,059 | |
| Passenger Airlines — 1.4% | | |
| Delta Air Lines, Inc. | 12,795 | | 816,577 | |
| Southwest Airlines Co. | 11,730 | | 379,583 | |
United Airlines Holdings, Inc.(1) | 7,685 | | 744,138 | |
| | 1,940,298 | |
| Personal Care Products — 0.0% | | |
| Estee Lauder Cos., Inc., Class A | 450 | | 32,454 | |
| Kenvue, Inc. | 1,114 | | 26,825 | |
| | 59,279 | |
| Pharmaceuticals — 0.7% | | |
Catalent, Inc.(1) | 3,090 | | 188,830 | |
Elanco Animal Health, Inc.(1) | 9,830 | | 129,854 | |
Jazz Pharmaceuticals PLC(1) | 1,428 | | 173,631 | |
| Royalty Pharma PLC, Class A | 5,132 | | 136,819 | |
| Viatris, Inc. | 26,897 | | 352,082 | |
| | 981,216 | |
| Professional Services — 2.5% | | |
Amentum Holdings, Inc.(1) | 1,641 | | 39,958 | |
| Booz Allen Hamilton Holding Corp. | 2,910 | | 431,204 | |
| Broadridge Financial Solutions, Inc. | 2,300 | | 542,846 | |
| | | | | | | | |
Clarivate PLC(1) | 5,307 | | 30,409 | |
| Concentrix Corp. | 8 | | 360 | |
| Equifax, Inc. | 1,923 | | 502,980 | |
| Genpact Ltd. | 2,605 | | 120,247 | |
| Jacobs Solutions, Inc. | 1,683 | | 237,690 | |
| KBR, Inc. | 2,563 | | 155,907 | |
| Leidos Holdings, Inc. | 2,309 | | 381,908 | |
| Paycom Software, Inc. | 1,004 | | 232,848 | |
Paylocity Holding Corp.(1) | 811 | | 168,315 | |
| Robert Half, Inc. | 2,457 | | 183,317 | |
| SS&C Technologies Holdings, Inc. | 3,563 | | 275,562 | |
| TriNet Group, Inc. | 627 | | 58,581 | |
| | 3,362,132 | |
| Real Estate Management and Development — 1.3% | | |
CBRE Group, Inc., Class A(1) | 4,563 | | 638,774 | |
CoStar Group, Inc.(1) | 6,895 | | 560,839 | |
Jones Lang LaSalle, Inc.(1) | 850 | | 238,510 | |
Zillow Group, Inc., Class A(1) | 640 | | 52,179 | |
Zillow Group, Inc., Class C(1) | 2,591 | | 219,484 | |
| | 1,709,786 | |
| Semiconductors and Semiconductor Equipment — 2.2% | | |
| Amkor Technology, Inc. | 2,764 | | 73,080 | |
Enphase Energy, Inc.(1) | 1,026 | | 73,205 | |
| Entegris, Inc. | 463 | | 48,907 | |
First Solar, Inc.(1) | 1,856 | | 369,845 | |
GLOBALFOUNDRIES, Inc.(1)(2) | 1,790 | | 77,417 | |
Lattice Semiconductor Corp.(1) | 2,337 | | 132,625 | |
| Monolithic Power Systems, Inc. | 595 | | 337,746 | |
ON Semiconductor Corp.(1) | 9,420 | | 669,950 | |
Onto Innovation, Inc.(1) | 1,095 | | 179,777 | |
Qorvo, Inc.(1) | 1,880 | | 129,814 | |
Rambus, Inc.(1) | 2 | | 116 | |
| Skyworks Solutions, Inc. | 3,467 | | 303,675 | |
| Teradyne, Inc. | 3,161 | | 347,710 | |
| Universal Display Corp. | 915 | | 150,536 | |
| | 2,894,403 | |
| Software — 2.7% | | |
AppLovin Corp., Class A(1) | 3,777 | | 1,271,905 | |
Aspen Technology, Inc.(1) | 504 | | 126,000 | |
| Bentley Systems, Inc., Class B | 4,506 | | 223,047 | |
Bill Holdings, Inc.(1) | 2,001 | | 180,530 | |
| Dolby Laboratories, Inc., Class A | 1,339 | | 104,870 | |
Freshworks, Inc., Class A(1) | 111 | | 1,775 | |
Manhattan Associates, Inc.(1) | 1,406 | | 401,329 | |
MicroStrategy, Inc., Class A(1) | 1,779 | | 689,309 | |
Qualys, Inc.(1) | 120 | | 18,432 | |
SentinelOne, Inc., Class A(1) | 4,360 | | 121,862 | |
SPS Commerce, Inc.(1) | 323 | | 62,362 | |
UiPath, Inc., Class A(1) | 7,412 | | 105,324 | |
Zoom Communications, Inc., Class A(1) | 4,224 | | 349,283 | |
| | 3,656,028 | |
| Specialty Retail — 2.9% | | |
AutoNation, Inc.(1) | 627 | | 112,164 | |
| Best Buy Co., Inc. | 4,523 | | 407,070 | |
| | | | | | | | |
Burlington Stores, Inc.(1) | 901 | | 253,974 | |
CarMax, Inc.(1) | 3,716 | | 312,033 | |
Chewy, Inc., Class A(1) | 1,374 | | 45,905 | |
| Dick's Sporting Goods, Inc. | 829 | | 171,802 | |
Floor & Decor Holdings, Inc., Class A(1) | 2,030 | | 227,786 | |
GameStop Corp., Class A(1) | 8,006 | | 232,574 | |
| Gap, Inc. | 5,812 | | 140,941 | |
| Lithia Motors, Inc. | 687 | | 265,800 | |
| Murphy USA, Inc. | 490 | | 268,422 | |
| Penske Automotive Group, Inc. | 425 | | 70,780 | |
| Tractor Supply Co. | 1,878 | | 532,732 | |
Ulta Beauty, Inc.(1) | 711 | | 274,901 | |
| Williams-Sonoma, Inc. | 3,625 | | 623,573 | |
| | 3,940,457 | |
| Technology Hardware, Storage and Peripherals — 1.2% | | |
| Hewlett Packard Enterprise Co. | 28,235 | | 599,146 | |
| NetApp, Inc. | 4,631 | | 567,946 | |
Pure Storage, Inc., Class A(1) | 6,997 | | 370,771 | |
Super Micro Computer, Inc.(1) | 1,445 | | 47,165 | |
| | 1,585,028 | |
| Textiles, Apparel and Luxury Goods — 1.3% | | |
| Columbia Sportswear Co. | 356 | | 31,057 | |
Crocs, Inc.(1) | 946 | | 99,898 | |
Deckers Outdoor Corp.(1) | 3,598 | | 705,064 | |
| Levi Strauss & Co., Class A | 2,095 | | 36,579 | |
Lululemon Athletica, Inc.(1) | 340 | | 109,024 | |
| PVH Corp. | 995 | | 107,828 | |
| Ralph Lauren Corp. | 815 | | 188,591 | |
Skechers USA, Inc., Class A(1) | 2,682 | | 171,165 | |
| Tapestry, Inc. | 3,216 | | 200,293 | |
| VF Corp. | 4,792 | | 96,942 | |
| | 1,746,441 | |
| Trading Companies and Distributors — 0.9% | | |
| Applied Industrial Technologies, Inc. | 897 | | 246,424 | |
Beacon Roofing Supply, Inc.(1) | 1,229 | | 138,901 | |
Core & Main, Inc., Class A(1) | 2,315 | | 112,393 | |
| MSC Industrial Direct Co., Inc., Class A | 319 | | 27,396 | |
SiteOne Landscape Supply, Inc.(1) | 917 | | 140,530 | |
| Watsco, Inc. | 593 | | 327,099 | |
| WESCO International, Inc. | 998 | | 211,147 | |
| | 1,203,890 | |
| Water Utilities — 0.2% | | |
| American Water Works Co., Inc. | 2,196 | | 300,720 | |
TOTAL COMMON STOCKS (Cost $117,900,608) | | 134,289,284 | |
| SHORT-TERM INVESTMENTS — 0.1% | | |
| Money Market Funds — 0.1% | | |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 134,176 | | 134,176 | |
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 78,844 | | 78,844 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $213,020) | | 213,020 | |
TOTAL INVESTMENT SECURITIES — 99.9% (Cost $118,113,628) | | 134,502,304 | |
| OTHER ASSETS AND LIABILITIES — 0.1% | | 73,771 | |
| TOTAL NET ASSETS — 100.0% | | $ | 134,576,075 | |
| | | | | | | | |
| NOTES TO SCHEDULE OF INVESTMENTS |
(1)Non-income producing.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $76,911. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $78,844.
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.
Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.
Open-end management investment companies are valued at the reported NAV per share.
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.
As of period end, the fund's investment securities were classified as Level 1. 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.
