American Century Investments®
Quarterly Portfolio Holdings
Strategic Allocation: Moderate
April 30, 2026



Strategic Allocation: Moderate Fund - Schedule of Investments
APRIL 30, 2026 (UNAUDITED)
Shares/Principal
Amount ($)
Value ($)
AFFILIATED FUNDS(1) — 49.7%
  
American Century Diversified Corporate Bond ETF 546,672 25,567,849 
American Century Focused Dynamic Growth ETF(2)
224,931 29,425,473 
American Century Focused Large Cap Value ETF 373,516 29,981,868 
American Century Multisector Income ETF 812,544 35,605,191 
American Century Quality Diversified International ETF 400,808 27,723,889 
American Century Short Duration Strategic Income ETF 433,177 22,282,712 
American Century U.S. Quality Growth ETF 313,447 35,156,216 
American Century U.S. Quality Value ETF(3)
811,347 54,228,486 
Avantis Emerging Markets Equity ETF(3)
373,092 33,712,593 
Avantis International Equity ETF 308,710 27,678,939 
Avantis International Small Cap Value ETF 102,563 10,887,062 
Avantis U.S. Equity ETF 369,404 45,100,534 
Avantis U.S. Small Cap Value ETF(3)
42,312 5,083,364 
TOTAL AFFILIATED FUNDS
(Cost $250,418,888)
 382,434,176 
COMMON STOCKS — 25.0%  
Aerospace and Defense — 0.6%   
AAR Corp.(2)
794 87,634 
Astronics Corp.(2)
966 68,972 
ATI, Inc.(2)
428 66,537 
Axon Enterprise, Inc.(2)
856 343,907 
Babcock International Group PLC 5,921 89,201 
BAE Systems PLC 19,712 548,261 
Carpenter Technology Corp. 137 58,663 
Curtiss-Wright Corp. 509 366,582 
Exosens SAS 1,662 126,919 
HEICO Corp. 1,287 347,387 
Hexcel Corp. 2,400 225,288 
Howmet Aerospace, Inc. 5,594 1,359,566 
Karman Holdings, Inc.(2)(3)
627 42,623 
L3Harris Technologies, Inc. 1,625 520,894 
MDA Space Ltd.(2)(3)
4,003 122,417 
Rocket Lab Corp.(2)
5,083 419,398 
Rolls-Royce Holdings PLC 11,907 191,602 
   4,985,851 
Air Freight and Logistics — 0.1%   
Deutsche Post AG 8,159 483,129 
FedEx Corp. 578 233,113 
   716,242 
Automobile Components — 0.2%   
BorgWarner, Inc. 3,391 193,185 
Cie Generale des Etablissements Michelin SCA(3)
12,460 451,376 
Continental AG(2)
3,358 254,077 
Gentex Corp. 8,474 195,834 
JTEKT Corp. 8,600 105,035 
Linamar Corp. 1,241 83,038 
   1,282,545 
Automobiles — 0.2%   
Bayerische Motoren Werke AG 1,464 133,975 
Ferrari NV 1,332 460,940 



Kia Corp. 758 78,181 
Mercedes-Benz Group AG 4,900 285,622 
Tesla, Inc.(2)
1,559 594,961 
   1,553,679 
Banks — 1.5%   
AIB Group PLC 34,294 395,291 
AL Sydbank 1,273 108,571 
Alpha Bank SA 85,418 342,802 
ANZ Group Holdings Ltd. 9,796 260,197 
Banco Santander SA 44,618 544,443 
Bancorp, Inc.(2)
949 56,779 
Bank of America Corp. 11,903 636,334 
Bankinter SA 3,480 57,911 
Barclays PLC 89,127 523,881 
BNP Paribas SA 5,164 542,331 
BPER Banca SpA(3)
8,837 130,450 
Coastal Financial Corp.(2)
385 29,114 
Commerce Bancshares, Inc. 13,269 690,386 
Erste Group Bank AG 3,675 406,073 
First Hawaiian, Inc. 8,558 233,462 
Hana Financial Group, Inc. 2,347 203,911 
Itau Unibanco Holding SA, Preference Shares 42,900 375,217 
JPMorgan Chase & Co. 2,190 685,974 
Kyoto Financial Group, Inc. 800 22,157 
Mebuki Financial Group, Inc.(3)
21,100 175,179 
NatWest Group PLC 22,660 180,733 
NU Holdings Ltd., Class A(2)
42,140 610,187 
Prosperity Bancshares, Inc. 7,002 487,689 
Regions Financial Corp. 20,261 578,452 
Shinhan Financial Group Co. Ltd. 3,677 249,700 
Societe Generale SA 10,918 878,899 
Southstate Bank Corp. 363 35,454 
Standard Chartered PLC 9,927 252,789 
Suruga Bank Ltd. 15,000 222,405 
Triumph Financial, Inc.(2)
434 29,373 
Truist Financial Corp. 8,636 444,754 
U.S. Bancorp 7,805 442,231 
United Overseas Bank Ltd. 12,500 355,988 
Westamerica Bancorporation 3,781 207,275 
Woori Financial Group, Inc. 5,550 126,563 
   11,522,955 
Beverages — 0.2%   
Anheuser-Busch InBev SA 4,950 374,030 
Carlsberg AS, Class B 2,720 368,527 
Heineken NV(3)
9,228 718,398 
PepsiCo, Inc. 2,155 341,546 
   1,802,501 
Biotechnology — 0.5%   
AbbVie, Inc. 1,879 397,070 
ADMA Biologics, Inc.(2)
4,564 46,781 
Alkermes PLC(2)
1,120 37,755 
Alnylam Pharmaceuticals, Inc.(2)
2,643 817,982 
Arcutis Biotherapeutics, Inc.(2)
1,434 33,298 
Arrowhead Pharmaceuticals, Inc.(2)
632 46,439 
Bridgebio Pharma, Inc.(2)
1,105 78,577 



Celldex Therapeutics, Inc.(2)
753 24,759 
CG oncology, Inc.(2)
395 26,362 
Cogent Biosciences, Inc.(2)
909 32,533 
Cytokinetics, Inc.(2)
461 29,490 
Evommune, Inc.(2)
618 14,708 
Gilead Sciences, Inc. 2,795 365,698 
Grifols SA, Class B, Preference Shares 12,829 106,536 
Insmed, Inc.(2)
4,461 608,168 
Ionis Pharmaceuticals, Inc.(2)
417 31,175 
Madrigal Pharmaceuticals, Inc.(2)
158 81,748 
Mineralys Therapeutics, Inc.(2)
950 25,318 
Natera, Inc.(2)
2,546 524,883 
Newamsterdam Pharma Co. NV(2)(3)
458 13,081 
Nuvalent, Inc., Class A(2)
445 44,625 
Praxis Precision Medicines, Inc.(2)
112 35,709 
Protagonist Therapeutics, Inc.(2)
536 53,048 
Revolution Medicines, Inc.(2)
315 45,398 
Scholar Rock Holding Corp.(2)
740 34,491 
UroGen Pharma Ltd.(2)
1,351 32,194 
Vaxcyte, Inc.(2)
359 20,549 
Vera Therapeutics, Inc.(2)
712 25,354 
Vertex Pharmaceuticals, Inc.(2)
513 219,246 
Viking Therapeutics, Inc.(2)
10,080 314,294 
Xenon Pharmaceuticals, Inc.(2)
698 39,116 
   4,206,385 
Broadline Retail — 0.4%   
Alibaba Group Holding Ltd. 4,800 79,109 
Alibaba Group Holding Ltd., ADR 3,313 436,919 
Amazon.com, Inc.(2)
6,690 1,773,251 
Coupang, Inc.(2)
19,961 398,821 
Ollie's Bargain Outlet Holdings, Inc.(2)
230 19,897 
Ryohin Keikaku Co. Ltd. 20,000 463,256 
   3,171,253 
Building Products — 0.4%   
A.O. Smith Corp. 4,798 296,708 
Cie de Saint-Gobain SA 3,834 351,270 
Daikin Industries Ltd. 2,000 282,590 
Fortune Brands Innovations, Inc. 733 29,716 
Hayward Holdings, Inc.(2)
6,167 92,567 
Johnson Controls International PLC 5,210 760,816 
Masco Corp. 2,884 207,129 
Munters Group AB(3)
2,731 60,207 
Owens Corning 2,031 250,504 
Trane Technologies PLC 816 401,913 
Trex Co., Inc.(2)
1,294 50,725 
Volution Group PLC 10,501 88,061 
   2,872,206 
Capital Markets — 0.7%   
Ameriprise Financial, Inc. 1,112 527,967 
Bank of New York Mellon Corp. 660 88,684 
Blackrock, Inc. 255 271,728 
Etoro Group Ltd., Class A(2)
739 26,294 
flatexDEGIRO SE 3,006 107,554 
Goldman Sachs Group, Inc. 414 382,441 
Hamilton Lane, Inc., Class A 442 40,660 



HUB24 Ltd. 510 31,208 
Intercontinental Exchange, Inc. 1,227 193,976 
KKR & Co., Inc. 1,713 178,734 
London Stock Exchange Group PLC 3,854 500,082 
LPL Financial Holdings, Inc. 1,542 515,228 
Miami International Holdings, Inc.(2)
953 44,305 
Morgan Stanley 1,825 347,827 
MSCI, Inc. 227 134,250 
Northern Trust Corp. 3,228 536,946 
Piper Sandler Cos. 695 60,604 
Raymond James Financial, Inc. 1,432 226,714 
Robinhood Markets, Inc., Class A(2)
1,978 144,176 
S&P Global, Inc. 875 377,326 
St. James's Place PLC 1,534 25,329 
T. Rowe Price Group, Inc. 2,525 259,772 
XP, Inc., Class A 23,900 457,924 
   5,479,729 
Chemicals — 0.3%   
Arkema SA 4,981 363,533 
CF Industries Holdings, Inc. 1,425 176,985 
Ecolab, Inc. 949 247,309 
Element Solutions, Inc. 1,466 62,437 
Linde PLC 930 466,060 
Novonesis Novozymes B, Class B 9,592 589,387 
PPG Industries, Inc. 2,055 222,968 
Resonac Holdings Corp. 1,600 146,423 
Sensient Technologies Corp. 563 63,979 
Tokyo Ohka Kogyo Co. Ltd.(3)
1,800 105,822 
   2,444,903 
Commercial Services and Supplies — 0.1%   
Bilfinger SE 701 80,847 
Casella Waste Systems, Inc., Class A(2)
628 49,769 
Daiei Kankyo Co. Ltd. 2,900 69,663 
ISS AS 1,890 69,334 
Mitie Group PLC 73,947 175,345 
OPENLANE, Inc.(2)
2,481 78,003 
Park24 Co. Ltd. 3,500 41,158 
Republic Services, Inc. 2,284 477,858 
   1,041,977 
Communications Equipment — 0.1%   
Ciena Corp.(2)
349 184,125 
F5, Inc.(2)
1,237 400,664 
Filtronic PLC(2)
6,031 23,958 
Motorola Solutions, Inc. 820 360,005 
   968,752 
Construction and Engineering — 0.3%   
Argan, Inc. 170 113,897 
Balfour Beatty PLC 11,274 125,275 
Construction Partners, Inc., Class A(2)
452 55,894 
Eiffage SA 637 102,702 
EMCOR Group, Inc. 658 586,719 
Kinden Corp. 1,200 64,297 
Kumagai Gumi Co. Ltd. 9,000 86,286 
Quanta Services, Inc. 1,554 1,130,955 
Sacyr SA 12,268 67,535 



Sterling Infrastructure, Inc.(2)
312 160,873 
Ventia Services Group Pty. Ltd. 14,422 55,520 
   2,549,953 
Construction Materials — 0.1%   
Amrize Ltd.(2)
5,259 282,829 
SigmaRoc PLC(2)
53,631 89,958 
Titan America SA(2)
1,843 30,391 
Vulcan Materials Co. 1,878 566,668 
   969,846 
Consumer Finance — 0.1%   
American Express Co. 1,198 387,014 
Dave, Inc.(2)
198 53,854 
Enova International, Inc.(2)
297 50,314 
Figure Technology Solutions, Inc., Class A(2)(3)
808 28,361 
   519,543 
Consumer Staples Distribution & Retail — 0.4%   
BGF retail Co. Ltd. 3,908 349,326 
Casey's General Stores, Inc. 679 558,240 
Costco Wholesale Corp. 314 318,562 
Koninklijke Ahold Delhaize NV 6,859 321,744 
PriceSmart, Inc. 306 48,017 
Raia Drogasil SA 84,200 371,706 
Sprouts Farmers Market, Inc.(2)
1,729 141,519 
Sysco Corp. 4,070 304,070 
Target Corp. 1,053 136,627 
Tesco PLC 38,409 251,619 
   2,801,430 
Containers and Packaging — 0.1%   
Ball Corp. 3,534 215,857 
Packaging Corp. of America 2,664 568,631 
Rengo Co. Ltd. 9,800 77,215 
Verallia SA 9,074 217,280 
   1,078,983 
Diversified Consumer Services — 0.0%   
Bright Horizons Family Solutions, Inc.(2)
1,085 88,004 
Duolingo, Inc.(2)
516 56,812 
   144,816 
Diversified REITs — 0.3%   
British Land Co. PLC 43,052 227,808 
Broadstone Net Lease, Inc. 12,836 254,153 
CapitaLand Integrated Commercial Trust 251,600 468,609 
Charter Hall Group(3)
12,422 182,927 
Essential Properties Realty Trust, Inc. 7,450 234,153 
Merlin Properties Socimi SA(3)
24,421 427,055 
WP Carey, Inc. 4,959 361,660 
   2,156,365 
Diversified Telecommunication Services — 0.2%   
Bezeq The Israeli Telecommunication Corp. Ltd. 47,487 129,185 
Deutsche Telekom AG 5,765 186,213 
Globalstar, Inc.(2)
628 51,684 
Singapore Telecommunications Ltd. 117,000 423,750 
Telkom Indonesia Persero Tbk. PT 2,596,200 424,694 
Verizon Communications, Inc. 3,152 151,391 
Zegona Communications PLC 4,352 103,894 
   1,470,811 



Electric Utilities — 0.5%   
Duke Energy Corp. 3,119 404,066 
Evergy, Inc. 7,849 650,211 
Eversource Energy 5,161 364,883 
Iberdrola SA 26,163 613,371 
NextEra Energy, Inc. 8,501 832,078 
Oklo, Inc.(2)(3)
270 19,575 
PPL Corp. 6,675 249,912 
Xcel Energy, Inc. 7,710 639,545 
   3,773,641 
Electrical Equipment — 0.7%   
Accelleron Industries AG 1,061 113,675 
Eaton Corp. PLC 930 402,699 
Fujikura Ltd. 14,400 555,595 
GE Vernova, Inc. 327 354,292 
Hubbell, Inc. 404 205,301 
Nexans SA 179 33,411 
NKT AS(2)
507 74,890 
Regal Rexnord Corp. 307 66,014 
Schneider Electric SE 1,902 605,233 
Sensata Technologies Holding PLC 7,287 303,431 
Siemens Energy AG 2,981 631,739 
Sinfonia Technology Co. Ltd.(3)
1,700 156,270 
SWCC Corp.(3)
800 81,886 
Vertiv Holdings Co., Class A 4,819 1,582,993 
   5,167,429 
Electronic Equipment, Instruments and Components — 0.4%   
Alps Alpine Co. Ltd. 9,100 136,557 
Amphenol Corp., Class A 1,327 195,427 
CDW Corp. 1,851 253,421 
Cognex Corp. 1,098 60,950 
Coherent Corp.(2)
760 242,980 
Delta Electronics, Inc. 7,000 490,878 
Fabrinet(2)
154 105,254 
Furuno Electric Co. Ltd.(3)
1,600 74,238 
Itron, Inc.(2)
273 22,877 
Keyence Corp. 400 182,173 
Koa Corp. 2,800 33,738 
Lagercrantz Group AB, B Shares 2,181 57,673 
Littelfuse, Inc. 202 81,642 
Maruwa Co. Ltd. 200 94,481 
Meiko Electronics Co. Ltd. 400 80,763 
Mirion Technologies, Inc., Class A(2)
3,231 63,812 
Novanta, Inc.(2)
578 74,868 
Plexus Corp.(2)
495 124,037 
Ralliant Corp. 4,685 212,887 
TE Connectivity PLC 573 121,281 
Vontier Corp. 4,849 173,982 
   2,883,919 
Energy Equipment and Services — 0.3%   
Baker Hughes Co. 11,039 769,087 
DOF Group ASA 8,336 123,497 
Expro Group Holdings NV(2)
1,977 36,001 
SBM Offshore NV 2,427 103,830 
SLB Ltd. 17,810 1,013,033 



Subsea 7 SA 2,756 99,282 
TechnipFMC PLC 726 54,864 
Tecnicas Reunidas SA(2)
2,415 100,069 
   2,299,663 
Entertainment — 0.2%   
Liberty Media Corp.-Liberty Formula One, Class C(2)
674 57,930 
Netflix, Inc.(2)
3,635 340,273 
ROBLOX Corp., Class A(2)
9,012 498,003 
Spotify Technology SA(2)
1,280 571,584 
   1,467,790 
Financial Services — 0.3%   
Affirm Holdings, Inc.(2)
4,754 305,587 
Chime Financial, Inc., Class A(2)
2,080 45,469 
Corpay, Inc.(2)
1,725 528,661 
Mastercard, Inc., Class A 1,370 689,000 
Toast, Inc., Class A(2)
11,859 338,219 
Visa, Inc., Class A 1,198 395,148 
   2,302,084 
Food Products — 0.1%   
Cranswick PLC 712 52,122 
Freshpet, Inc.(2)
420 28,299 
Greencore Group PLC 21,801 74,792 
Mondelez International, Inc., Class A 3,650 224,256 
Morinaga Milk Industry Co. Ltd. 2,400 72,423 
Premium Brands Holdings Corp.(3)
496 31,129 
   483,021 
Gas Utilities — 0.1%   
Nippon Gas Co. Ltd. 1,500 25,750 
ONE Gas, Inc. 6,118 545,848 
Spire, Inc. 3,248 296,152 
   867,750 
Ground Transportation — 0.2%   
Canadian Pacific Kansas City Ltd. 2,483 215,954 
CSX Corp. 9,349 424,725 
Norfolk Southern Corp. 835 263,718 
Uber Technologies, Inc.(2)
2,487 185,555 
Union Pacific Corp. 923 248,730 
XPO, Inc.(2)
1,806 397,555 
   1,736,237 
Health Care Equipment and Supplies — 0.6%   
Alphatec Holdings, Inc.(2)
6,403 62,493 
Asahi Intecc Co. Ltd. 3,900 82,066 
Becton Dickinson & Co. 3,248 484,082 
Dexcom, Inc.(2)
8,371 498,493 
Envista Holdings Corp.(2)
9,885 256,417 
EssilorLuxottica SA 1,814 383,969 
GE HealthCare Technologies, Inc. 6,678 406,289 
IDEXX Laboratories, Inc.(2)
1,186 665,109 
Intuitive Surgical, Inc.(2)
411 188,078 
Medtronic PLC 4,222 341,855 
SI-BONE, Inc.(2)
2,782 34,469 
Terumo Corp. 41,200 524,229 
UFP Technologies, Inc.(2)
115 22,037 
Zimmer Biomet Holdings, Inc. 9,227 760,582 
   4,710,168 



Health Care Providers and Services — 0.6%   
Cencora, Inc. 3,590 1,105,756 
Chartwell Retirement Residences 16,254 257,747 
Cigna Group 1,297 376,882 
Encompass Health Corp. 611 61,100 
Ensign Group, Inc. 333 62,168 
Extendicare, Inc. 3,978 87,798 
Galenica AG 471 50,180 
Guardant Health, Inc.(2)
743 64,700 
HealthEquity, Inc.(2)
754 61,851 
Henry Schein, Inc.(2)
8,817 657,660 
Hinge Health, Inc., Class A(2)
1,340 59,764 
Labcorp Holdings, Inc. 2,350 603,480 
Omada Health, Inc.(2)(3)
2,989 43,580 
PACS Group, Inc.(2)
974 32,678 
Pediatrix Medical Group, Inc.(2)
974 21,925 
Quest Diagnostics, Inc. 1,876 364,319 
RadNet, Inc.(2)
990 55,984 
Sienna Senior Living, Inc.(3)
6,687 115,195 
U.S. Physical Therapy, Inc. 377 26,850 
UnitedHealth Group, Inc. 706 261,559 
Universal Health Services, Inc., Class B 1,954 328,800 
   4,699,976 
Health Care REITs — 0.7%   
Aedifica SA(3)
2,500 210,753 
American Healthcare REIT, Inc. 7,576 384,709 
CareTrust REIT, Inc. 14,155 558,415 
Healthpeak Properties, Inc. 14,198 229,582 
Janus Living, Inc., Class A-1(2)
5,446 142,903 
Omega Healthcare Investors, Inc. 3,867 181,633 
Ventas, Inc. 10,593 930,701 
Welltower, Inc. 11,945 2,596,126 
   5,234,822 
Hotel & Resort REITs — 0.1%   
Host Hotels & Resorts, Inc. 23,668 500,105 
Hotels, Restaurants and Leisure — 0.6%   
Airbnb, Inc., Class A(2)
552 77,479 
Booking Holdings, Inc. 1,275 214,659 
Chipotle Mexican Grill, Inc.(2)
4,276 145,341 
DoorDash, Inc., Class A(2)
1,143 192,767 
Expedia Group, Inc. 950 235,951 
Flutter Entertainment PLC(2)
2,389 257,845 
Hilton Worldwide Holdings, Inc. 4,573 1,481,972 
Life Time Group Holdings, Inc.(2)
2,259 60,564 
Lottomatica Group SpA 3,584 105,376 
Marriott International, Inc., Class A 980 354,456 
Planet Fitness, Inc., Class A(2)
422 28,135 
Royal Caribbean Cruises Ltd. 3,454 911,027 
Shake Shack, Inc., Class A(2)
444 45,492 
Sodexo SA(3)
3,581 182,142 
Viking Holdings Ltd.(2)
3,005 246,140 
Whitbread PLC 7,863 239,019 
Wingstop, Inc. 305 50,038 
   4,828,403 
Household Durables — 0.3%   
Barratt Redrow PLC 47,107 160,435 



Casio Computer Co. Ltd. 11,000 111,605 
De' Longhi SpA 1,685 65,523 
Haseko Corp. 5,100 88,072 
Mohawk Industries, Inc.(2)
1,682 177,552 
Neinor Homes SA 8,806 172,288 
PulteGroup, Inc. 2,590 316,913 
Sony Group Corp. 18,200 364,643 
Taylor Wimpey PLC 231,852 245,252 
TopBuild Corp.(2)
582 257,651 
   1,959,934 
Household Products — 0.3%   
Church & Dwight Co., Inc. 3,725 361,548 
Clorox Co. 1,418 136,752 
Colgate-Palmolive Co. 2,641 225,436 
Henkel AG & Co. KGaA, Preference Shares 1,957 142,407 
Kimberly-Clark Corp. 7,318 720,311 
Procter & Gamble Co. 3,097 455,538 
Reckitt Benckiser Group PLC 4,243 269,976 
   2,311,968 
Independent Power and Renewable Electricity Producers — 0.1%   
Orsted AS(2)
10,450 279,469 
Talen Energy Corp.(2)
258 96,084 
TransAlta Corp. 4,895 61,010 
Vistra Corp. 3,215 507,456 
   944,019 
Industrial Conglomerates — 0.0%   
Honeywell International, Inc. 1,526 327,068 
Industrial REITs — 0.5%   
EastGroup Properties, Inc. 1,826 367,391 
GLP J-Reit 97 84,064 
Goodman Group 31,527 683,056 
LaSalle Logiport REIT 94 91,884 
Prologis, Inc. 15,320 2,175,747 
Tritax Big Box REIT PLC 218,013 447,493 
   3,849,635 
Insurance — 0.6%   
Aegon Ltd. 31,313 259,478 
AIA Group Ltd. 39,800 436,955 
Allstate Corp. 1,958 425,395 
Bowhead Specialty Holdings, Inc.(2)
1,313 31,223 
Hanover Insurance Group, Inc. 900 168,921 
Intact Financial Corp. 2,073 399,446 
Marsh & McLennan Cos., Inc. 4,630 776,497 
MetLife, Inc. 3,858 309,026 
Phoenix Financial Ltd. 1,989 119,675 
Progressive Corp. 833 167,666 
Prudential PLC 29,881 450,293 
Reinsurance Group of America, Inc. 2,310 488,473 
Sompo Holdings, Inc. 6,500 241,900 
Storebrand ASA 9,387 181,460 
Willis Towers Watson PLC 1,809 463,466 
   4,919,874 
Interactive Media and Services — 0.6%   
Alphabet, Inc., Class A 8,451 3,251,945 
Meta Platforms, Inc., Class A 1,269 776,513 



Reddit, Inc., Class A(2)
2,195 323,170 
Tencent Holdings Ltd. 8,500 516,224 
   4,867,852 
IT Services — 0.6%   
Accenture PLC, Class A 605 108,120 
Akamai Technologies, Inc.(2)
2,480 255,390 
Amdocs Ltd. 4,936 319,211 
Capgemini SE 1,625 197,627 
Cloudflare, Inc., Class A(2)
4,473 916,831 
Cognizant Technology Solutions Corp., Class A 4,956 262,173 
Computacenter PLC 1,852 93,767 
DigitalOcean Holdings, Inc.(2)
321 30,954 
GDS Holdings Ltd., ADR(2)(3)
3,315 140,158 
International Business Machines Corp. 2,214 511,390 
MongoDB, Inc.(2)
323 81,018 
NEC Corp. 9,100 242,060 
NEXTDC Ltd.(2)(3)
26,975 279,999 
Okta, Inc.(2)
4,479 329,878 
Samsung SDS Co. Ltd. 2,696 305,161 
Snowflake, Inc., Class A(2)
1,356 185,053 
Twilio, Inc., Class A(2)
2,701 399,910 
   4,658,700 
Leisure Products — 0.0%   
Brunswick Corp. 387 30,747 
Callaway Golf Co.(2)
2,485 38,021 
Technogym SpA 4,753 111,980 
   180,748 
Life Sciences Tools and Services — 0.3%   
Agilent Technologies, Inc. 1,130 130,572 
Bio-Techne Corp. 7,925 438,411 
Danaher Corp. 1,927 344,837 
IQVIA Holdings, Inc.(2)
1,859 294,410 
Lonza Group AG 662 407,011 
Siegfried Holding AG(2)(3)
553 55,774 
Thermo Fisher Scientific, Inc. 558 267,260 
Waters Corp.(2)
615 190,176 
West Pharmaceutical Services, Inc. 1,672 497,570 
   2,626,021 
Machinery — 0.7%   
Atlas Copco AB, A Shares 20,953 402,667 
CECO Environmental Corp.(2)
1,529 113,360 
CNH Industrial NV 12,316 131,904 
Construcciones y Auxiliar de Ferrocarriles SA 1,201 90,418 
Crane Co. 1,552 275,837 
Cummins, Inc. 1,328 891,101 
Deere & Co. 427 251,874 
Deutz AG 5,073 59,321 
Dover Corp. 461 104,375 
FANUC Corp. 10,400 459,400 
Flowserve Corp. 744 54,788 
Fortive Corp. 3,120 186,545 
IDEX Corp. 543 118,293 
IMI PLC 3,135 119,406 
Kurita Water Industries Ltd. 2,500 135,118 
Nabtesco Corp. 4,100 135,600 



Organo Corp.(3)
500 50,526 
Oshkosh Corp. 1,269 198,345 
PACCAR, Inc. 1,203 142,916 
Parker-Hannifin Corp. 287 261,004 
RBC Bearings, Inc.(2)
205 122,813 
Stanley Black & Decker, Inc. 2,530 197,745 
Techtronic Industries Co. Ltd. 19,500 282,744 
Timken Co. 1,649 182,858 
Toro Co. 1,456 138,568 
Weir Group PLC 2,606 94,455 
Xylem, Inc. 2,506 296,109 
Yaskawa Electric Corp.(3)
3,800 134,748 
   5,632,838 
Media — 0.1%   
Magnite, Inc.(2)
3,842 49,235 
New York Times Co., Class A 668 52,792 
Publicis Groupe SA 3,888 363,284 
   465,311 
Metals and Mining — 0.3%   
Antofagasta PLC 6,792 329,396 
Capstone Copper Corp.(2)
17,425 145,214 
Genesis Minerals Ltd.(2)
30,803 132,727 
GMK Norilskiy Nickel PAO(2)(4)
265,800 
Iluka Resources Ltd. 7,366 43,824 
Lynas Rare Earths Ltd.(2)(3)
7,861 111,517 
Materion Corp. 326 59,922 
Mitsui Kinzoku Co. Ltd. 200 54,952 
MP Materials Corp.(2)(3)
1,610 106,324 
OceanaGold Corp. 2,843 88,031 
PLS Group Ltd.(2)(3)
30,282 134,737 
Reliance, Inc. 906 328,425 
Salzgitter AG 1,700 96,161 
Sandfire Resources Ltd.(2)
9,556 115,452 
SSR Mining, Inc.(2)
2,249 64,794 
Taseko Mines Ltd.(2)
7,209 51,616 
Vale SA 13,200 216,775 
   2,079,871 
Multi-Utilities — 0.1%   
ACEA SpA 3,006 78,874 
Northwestern Energy Group, Inc. 4,886 353,453 
   432,327 
Office REITs — 0.0%   
Mindspace Business Parks REIT 13,403 66,071 
SL Green Realty Corp.(3)
3,419 145,000 
   211,071 
Oil, Gas and Consumable Fuels — 1.0%   
Cameco Corp. 1,561 192,065 
Cardinal Energy Ltd.(3)
3,148 28,760 
Centrus Energy Corp., Class A(2)(3)
153 32,277 
Cheniere Energy, Inc. 447 122,903 
Coterra Energy, Inc. 6,901 247,815 
Diamondback Energy, Inc. 2,648 544,508 
Energy Fuels, Inc.(2)(3)
1,210 26,184 
Eni SpA 19,199 542,879 
Enterprise Products Partners LP 12,814 495,902 



EQT Corp. 3,808 228,785 
Equinor ASA 12,623 513,721 
Gaztransport Et Technigaz SA 510 124,080 
Murphy Oil Corp. 1,751 73,122 
NAC Kazatomprom JSC, GDR 1,785 157,830 
ONEOK, Inc. 1,216 112,431 
Parex Resources, Inc. 2,453 51,684 
Permian Resources Corp. 13,891 300,323 
Phillips 66 2,039 365,287 
Repsol SA 18,768 504,130 
Shell PLC 16,701 759,341 
Targa Resources Corp. 2,883 749,811 
TC Energy Corp. 7,020 470,705 
TotalEnergies SE 2,974 276,503 
Williams Cos., Inc. 5,804 442,903 
   7,363,949 
Paper and Forest Products — 0.0%   
Mondi PLC 28,185 291,191 
Passenger Airlines — 0.0%   
Alaska Air Group, Inc.(2)(3)
915 35,786 
Southwest Airlines Co. 5,583 211,707 
   247,493 
Personal Care Products — 0.1%   
Kenvue, Inc. 7,174 125,761 
L'Oreal SA 922 397,095 
Shiseido Co. Ltd. 2,900 59,232 
   582,088 
Pharmaceuticals — 0.6%   
ALK-Abello AS 3,574 133,866 
AstraZeneca PLC 4,204 797,592 
AstraZeneca PLC 2,363 442,755 
Bristol-Myers Squibb Co. 2,269 137,479 
Crinetics Pharmaceuticals, Inc.(2)
959 37,190 
Edgewise Therapeutics, Inc.(2)
1,138 35,233 
Eli Lilly & Co. 638 596,275 
Financiere de Tubize SA(3)
225 51,813 
Galderma Group AG(2)
2,899 608,191 
GSK PLC 27,411 718,647 
Merck & Co., Inc. 2,050 223,819 
Nuvation Bio, Inc.(2)
3,046 13,555 
Roche Holding AG 201 81,907 
Structure Therapeutics, Inc., ADR(2)
6,089 252,389 
Zoetis, Inc. 1,913 219,938 
   4,350,649 
Professional Services — 0.2%   
Adecco Group AG 14,108 325,119 
ALS Ltd. 7,102 110,896 
Automatic Data Processing, Inc. 1,035 219,358 
CACI International, Inc., Class A(2)
439 228,078 
First Advantage Corp.(2)
2,330 29,731 
Randstad NV 10,696 316,937 
   1,230,119 
Real Estate Management and Development — 0.3%   
Colliers International Group, Inc. 357 37,335 
CTP NV(3)
6,317 119,409 



FirstService Corp. (Toronto)250 33,499 
Gemlife Communities Group(2)
22,912 76,898 
Hongkong Land Holdings Ltd. 20,600 162,864 
Katitas Co. Ltd. 8,000 159,701 
Mitsubishi Estate Co. Ltd. 7,800 222,286 
Sumitomo Realty & Development Co. Ltd. 27,600 855,589 
Sun Hung Kai Properties Ltd. 7,500 131,303 
Tokyo Tatemono Co. Ltd. 2,300 52,925 
UOL Group Ltd. 15,800 132,178 
   1,983,987 
Residential REITs — 0.3%   
American Homes 4 Rent, Class A 3,389 107,906 
Camden Property Trust 2,323 243,961 
Equity Residential 8,478 554,292 
Essex Property Trust, Inc. 2,777 730,934 
Sun Communities, Inc. 2,463 314,870 
   1,951,963 
Retail REITs — 0.6%   
Agree Realty Corp.(3)
1,886 145,429 
Brixmor Property Group, Inc. 12,510 376,426 
Curbline Properties Corp. 3,467 95,689 
Japan Metropolitan Fund Invest 341 252,716 
Link REIT 43,700 220,042 
Macerich Co. 8,922 193,875 
NETSTREIT Corp.(3)
16,922 348,086 
Phillips Edison & Co., Inc. 7,447 299,109 
Realty Income Corp. 8,047 516,939 
Regency Centers Corp. 7,442 579,360 
Scentre Group 113,613 305,300 
Simon Property Group, Inc. 2,622 534,128 
Tanger, Inc. 4,190 155,365 
Unibail-Rodamco-Westfield 2,693 326,950 
   4,349,414 
Semiconductors and Semiconductor Equipment — 1.9%   
Analog Devices, Inc. 1,795 722,057 
Applied Materials, Inc. 1,016 400,802 
ASML Holding NV 636 919,367 
Astera Labs, Inc.(2)
1,187 231,156 
Broadcom, Inc. 4,037 1,685,165 
Credo Technology Group Holding Ltd.(2)
533 92,747 
Impinj, Inc.(2)
393 56,954 
Infineon Technologies AG 5,640 379,320 
Kokusai Electric Corp. 2,600 109,422 
Lam Research Corp. 1,169 301,438 
Lattice Semiconductor Corp.(2)
3,612 441,675 
MACOM Technology Solutions Holdings, Inc.(2)
273 76,879 
Micron Technology, Inc. 836 432,346 
MKS, Inc. 243 68,951 
Monolithic Power Systems, Inc. 648 1,046,138 
Nova Ltd.(2)
148 74,064 
NVIDIA Corp. 18,720 3,735,950 
NXP Semiconductors NV 1,052 308,857 
ON Semiconductor Corp.(2)
3,051 307,571 
Onto Innovation, Inc.(2)
198 58,422 
Silicon Laboratories, Inc.(2)
558 121,477 



SiTime Corp.(2)
195 109,619 
SUMCO Corp. 19,300 307,925 
Taiwan Semiconductor Manufacturing Co. Ltd. 26,000 1,804,968 
Taiwan Semiconductor Manufacturing Co. Ltd., ADR 607 240,408 
Teradyne, Inc. 1,028 353,087 
Tower Semiconductor Ltd.(2)
509 112,514 
   14,499,279 
Software — 0.9%   
Agilysys, Inc.(2)
826 52,914 
AppLovin Corp., Class A(2)
354 158,008 
Braze, Inc., Class A(2)
1,579 34,785 
Cadence Design Systems, Inc.(2)
2,781 916,590 
Cellebrite DI Ltd.(2)
3,940 51,220 
Core Scientific, Inc.(2)
2,565 51,300 
Crowdstrike Holdings, Inc., Class A(2)
384 171,168 
Datadog, Inc., Class A(2)
4,580 605,430 
Descartes Systems Group, Inc.(2)
449 32,377 
Descartes Systems Group, Inc.(2)
483 34,850 
Dynatrace, Inc.(2)
4,347 157,405 
Elastic NV(2)
355 16,483 
Fair Isaac Corp.(2)
230 235,750 
HubSpot, Inc.(2)
641 142,148 
Klaviyo, Inc., Class A(2)
2,386 47,935 
Microsoft Corp. 6,869 2,801,041 
Q2 Holdings, Inc.(2)
1,121 56,891 
Riot Platforms, Inc.(2)(3)
2,810 48,444 
Salesforce, Inc. 734 129,573 
Samsara, Inc., Class A(2)
11,852 340,626 
ServiceNow, Inc.(2)
1,900 167,789 
Workday, Inc., Class A(2)
1,060 129,744 
Zscaler, Inc.(2)
1,247 162,958 
   6,545,429 
Specialized REITs — 0.7%   
American Tower Corp. 1,705 311,521 
CubeSmart 6,791 274,900 
Digital Realty Trust, Inc. 5,059 1,016,555 
Equinix, Inc. 1,657 1,794,249 
Extra Space Storage, Inc. 880 126,130 
Iron Mountain, Inc. 6,010 757,200 
Keppel DC REIT 145,500 269,282 
Millrose Properties, Inc. 5,165 158,411 
Outfront Media, Inc. 6,001 185,131 
Public Storage 900 272,205 
VICI Properties, Inc. 4,831 141,065 
   5,306,649 
Specialty Retail — 0.5%   
Aritzia, Inc.(2)
5,779 609,957 
Auto1 Group SE(2)
2,330 49,768 
Boot Barn Holdings, Inc.(2)
404 69,266 
Burlington Stores, Inc.(2)
1,786 571,538 
Carvana Co.(2)
1,636 647,529 
Clas Ohlson AB, B Shares(3)
2,034 88,021 
Five Below, Inc.(2)
352 82,952 
Groupe Dynamite, Inc.(3)
1,659 108,393 
Home Depot, Inc. 1,600 526,080 



National Vision Holdings, Inc.(2)
1,760 40,867 
Nextage Co. Ltd. 7,500 164,627 
O'Reilly Automotive, Inc.(2)
2,639 262,317 
RealReal, Inc.(2)
3,051 36,276 
TJX Cos., Inc. 3,156 494,703 
Tractor Supply Co. 8,179 287,083 
Wayfair, Inc., Class A(2)
662 42,322 
   4,081,699 
Technology Hardware, Storage and Peripherals — 0.5%   
Apple, Inc. 7,837 2,126,570 
Everpure, Inc., Class A(2)
3,028 216,350 
HP, Inc. 12,059 251,551 
Samsung Electronics Co. Ltd. 6,710 1,010,443 
Western Digital Corp. 548 238,117 
   3,843,031 
Textiles, Apparel and Luxury Goods — 0.1%   
Asics Corp. 1,900 53,955 
On Holding AG, Class A(2)
14,050 500,321 
Seiko Group Corp.(3)
2,100 78,008 
Tapestry, Inc. 1,233 178,834 
   811,118 
Tobacco — 0.1%   
British American Tobacco PLC 10,165 598,666 
Trading Companies and Distributors — 0.5%   
Applied Industrial Technologies, Inc. 174 53,201 
Bunzl PLC 22,371 737,483 
Diploma PLC 642 60,758 
Fastenal Co. 13,017 584,854 
Ferguson Enterprises, Inc. 801 214,436 
Herc Holdings, Inc. 546 69,298 
MSC Industrial Direct Co., Inc., Class A 4,660 476,578 
SiteOne Landscape Supply, Inc.(2)
379 47,773 
Sojitz Corp. 3,500 131,091 
Sumitomo Corp. 9,400 349,512 
Sunbelt Rentals Holdings, Inc. 2,829 212,639 
United Rentals, Inc. 297 285,073 
WESCO International, Inc. 1,284 448,270 
   3,670,966 
Wireless Telecommunication Services — 0.0%   
Indosat Tbk. PT 988,800 114,121 
Millicom International Cellular SA 1,604 136,148 
   250,269 
TOTAL COMMON STOCKS
(Cost $137,227,727)
 192,120,929 
U.S. TREASURY SECURITIES — 7.0%  
U.S. Treasury Bonds, 5.00%, 5/15/45 1,311,900 1,317,435 
U.S. Treasury Inflation-Indexed Bonds, 2.50%, 1/15/29 1,727,538 1,798,498 
U.S. Treasury Inflation-Indexed Bonds, 3.375%, 4/15/32 184,104 204,329 
U.S. Treasury Inflation-Indexed Bonds, 1.375%, 2/15/44 3,715,724 3,087,761 
U.S. Treasury Inflation-Indexed Bonds, 0.75%, 2/15/45 4,093,804 2,951,711 
U.S. Treasury Inflation-Indexed Bonds, 2.125%, 2/15/54 798,585 704,130 
U.S. Treasury Inflation-Indexed Notes, 0.125%, 4/15/27 5,167,746 5,151,748 
U.S. Treasury Inflation-Indexed Notes, 0.375%, 7/15/27 2,204,235 2,207,868 
U.S. Treasury Inflation-Indexed Notes, 0.50%, 1/15/28 2,450,899 2,439,588 
U.S. Treasury Inflation-Indexed Notes, 0.875%, 1/15/29 2,458,961 2,453,109 



U.S. Treasury Inflation-Indexed Notes, 1.625%, 10/15/29 5,400,460 5,515,541 
U.S. Treasury Inflation-Indexed Notes, 0.125%, 1/15/32 3,224,209 2,996,111 
U.S. Treasury Notes, 3.875%, 5/31/27 2,850,000 2,852,338 
U.S. Treasury Notes, 3.375%, 12/31/27(5)
6,000,000 5,951,484 
U.S. Treasury Notes, 3.50%, 11/30/30 5,000,000 4,894,922 
U.S. Treasury Notes, 4.375%, 11/30/30 1,390,000 1,410,931 
U.S. Treasury Notes, 3.625%, 12/31/30 1,585,000 1,559,182 
U.S. Treasury Notes, 3.75%, 1/31/31 1,495,900 1,478,954 
U.S. Treasury Notes, 1.875%, 2/15/32 5,240,000 4,638,730 
TOTAL U.S. TREASURY SECURITIES
(Cost $55,651,801)
 53,614,370 
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 4.4%  
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 4.4%   
FHLMC, 4.50%, 10/1/52 4,451,662 4,303,592 
FHLMC, 5.50%, 12/1/52 1,942,723 1,964,172 
FHLMC, 5.00%, 6/1/53 2,245,976 2,223,898 
FHLMC, 5.00%, 1/1/54 1,244,366 1,229,785 
FHLMC, 5.00%, 12/1/54 1,257,393 1,240,798 
FHLMC, 5.50%, 11/1/55 1,042,660 1,049,156 
FHLMC, 5.50%, 1/1/56 1,035,823 1,044,214 
FNMA, 4.50%, 10/1/52 4,472,846 4,326,837 
FNMA, 5.50%, 3/1/54 1,960,476 1,975,947 
FNMA, 4.00%, 1/1/55 2,379,684 2,237,485 
GNMA, 5.00%, TBA 2,499,000 2,477,697 
GNMA, 7.00%, 12/15/27 1,958 1,983 
GNMA, 7.50%, 12/15/27 152 152 
GNMA, 6.00%, 5/15/28 1,534 1,555 
GNMA, 6.50%, 5/15/28 1,337 1,346 
GNMA, 7.00%, 5/15/31 3,219 3,333 
GNMA, 6.50%, 10/15/38 207,985 224,991 
GNMA, 4.00%, 4/20/54 2,511,643 2,352,378 
UMBS, 5.00%, TBA 5,254,000 5,176,896 
UMBS, 5.50%, TBA 2,153,000 2,164,046 
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES
(Cost $33,844,274)
 34,000,261 
SOVEREIGN GOVERNMENTS AND AGENCIES — 4.3%  
Australia — 0.3%   
Australia Government Bonds, 3.00%, 3/21/47AUD1,270,000 639,953 
Queensland Treasury Corp., 4.50%, 8/22/35(6)
AUD920,000 608,651 
Treasury Corp. of Victoria, 2.00%, 9/17/35AUD1,600,000 844,864 
   2,093,468 
Belgium — 0.2%   
Kingdom of Belgium Government Bonds, 2.85%, 10/22/34(6)
EUR1,100,000 1,237,614 
Kingdom of Belgium Government Bonds, 4.25%, 3/28/41(6)
EUR74,000 89,824 
   1,327,438 
Canada — 0.5%   
Canada Government Bonds, 2.50%, 5/1/28CAD3,123,000 2,278,973 
Canada Government Bonds, 2.50%, 12/1/32CAD1,050,000 734,610 
Province of Quebec, 5.75%, 12/1/36CAD445,000 372,377 
Province of Quebec, 5.00%, 12/1/41CAD30,000 23,253 
Province of Quebec, 3.50%, 12/1/48CAD110,000 67,026 
   3,476,239 
Colombia — 0.1%   
Colombia Government International Bonds, 5.00%, 9/19/32EUR550,000 620,130 
Hungary — 0.2%   
Hungary Government Bonds, 4.00%, 4/28/51HUF492,000,000 1,161,872 



Indonesia — 0.0%   
Indonesia Treasury Bonds, 7.00%, 2/15/33IDR3,800,000,000 221,458 
Japan — 0.2%   
Japan Government Thirty Year Bonds, 1.40%, 3/20/53JPY78,000,000 303,923 
Japan Government Thirty Year Bonds, 1.20%, 6/20/53JPY164,500,000 602,619 
Japan Government Thirty Year Bonds, 1.80%, 9/20/53JPY51,300,000 220,877 
Japan Government Thirty Year Bonds, 1.80%, 3/20/54JPY76,000,000 325,335 
   1,452,754 
Malaysia — 0.0%   
Malaysia Government Bonds, 3.83%, 7/5/34MYR1,450,000 372,556 
Mexico — 0.3%   
Eagle Funding Luxco SARL, 5.50%, 8/17/30(6)
865,000 872,742 
Mexico Government International Bonds, 4.875%, 5/16/36EUR950,000 1,103,552 
   1,976,294 
New Zealand — 1.0%   
New Zealand Government Bonds, 2.00%, 5/15/32NZD3,600,000 1,865,872 
New Zealand Government Bonds, 3.50%, 4/14/33NZD4,000,000 2,233,279 
New Zealand Government Bonds, 4.50%, 5/15/35NZD6,635,000 3,889,586 
   7,988,737 
Norway — 0.2%   
Norway Government Bonds, 4.125%, 6/3/36(6)
NOK15,349,000 1,615,047 
Paraguay — 0.1%   
Paraguay Government International Bonds, 8.50%, 4/4/38(6)
PYG7,060,000,000 1,153,417 
Saudi Arabia — 0.1%   
Saudi Government International Bonds, 4.875%, 1/12/36(6)
1,100,000 1,083,573 
Spain — 0.5%   
Spain Government Bonds, 3.10%, 7/30/31EUR3,190,000 3,762,942 
Turkey — 0.1%   
Turkiye Government Bonds, 30.00%, 9/12/29TRY44,000,000 856,072 
United Kingdom — 0.5%   
U.K. Gilts, 4.75%, 10/22/35GBP2,761,000 3,681,872 
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES
(Cost $33,570,018)
 32,843,869 
CORPORATE BONDS — 3.0%  
Aerospace and Defense — 0.1%   
Embraer Netherlands Finance BV, 5.40%, 1/9/38 173,000 168,329 
Ford Motor Co., 3.25%, 2/12/32 66,000 57,932 
Hexcel Corp., 4.90%, 5/15/31 110,000 110,083 
Lockheed Martin Corp., 4.50%, 2/15/29 166,000 167,033 
RTX Corp., 6.40%, 3/15/54 75,000 80,863 
   584,240 
Air Freight and Logistics — 0.0%   
FedEx Corp., 4.10%, 2/1/45 105,000 82,796 
United Parcel Service, Inc., 5.50%, 5/22/54 87,000 83,447 
   166,243 
Automobile Components — 0.0%   
Magna International, Inc., 5.875%, 6/1/35 162,000 168,873 
Automobiles — 0.1%   
BMW U.S. Capital LLC, 5.20%, 8/11/35(6)
166,000 164,839 
General Motors Co., 6.25%, 4/15/35 160,000 167,744 
General Motors Co., 6.60%, 4/1/36 156,000 167,085 
Hyundai Capital America, 4.75%, 4/6/29(6)
80,000 80,134 
Hyundai Capital America, 5.15%, 3/27/30(6)
165,000 166,852 
Hyundai Capital America, 4.55%, 1/8/31(6)
30,000 29,582 
   776,236 



Banks — 0.5%   
Banco Bilbao Vizcaya Argentaria SA, 4.97%, 5/8/31(7)
200,000 200,205 
Bank of America Corp., VRN, 4.48%, 4/23/30 110,000 109,689 
Bank of America Corp., VRN, 2.48%, 9/21/36 194,000 168,706 
Bank of America Corp., VRN, 3.85%, 3/8/37 180,000 167,267 
Bank of Montreal, VRN, 3.80%, 12/15/32 225,000 221,314 
Bank of Montreal, VRN, 3.09%, 1/10/37 109,000 97,826 
Bank of Nova Scotia, VRN, 4.59%, 5/4/37 84,000 80,656 
BNP Paribas SA, VRN, 4.92%, 1/15/34(6)
250,000 245,023 
Canadian Imperial Bank of Commerce, VRN, 4.86%, 3/30/29 143,000 144,080 
Citizens Financial Group, Inc., VRN, 5.25%, 3/5/31 166,000 168,146 
Citizens Financial Group, Inc., VRN, 5.30%, 1/29/36 10,000 9,916 
Fifth Third Financial Corp., VRN, 5.98%, 1/30/30 162,000 167,096 
HSBC Holdings PLC, 6.50%, 9/15/37 156,000 165,550 
Huntington Bancshares, Inc., VRN, 6.14%, 11/18/39 55,000 56,068 
Huntington Bancshares, Inc., VRN, 5.61%, 1/28/41 110,000 107,530 
JPMorgan Chase & Co., VRN, 5.58%, 7/23/36 162,000 164,429 
JPMorgan Chase & Co., VRN, 5.19%, 2/5/37 95,000 93,492 
JPMorgan Chase & Co., VRN, 5.15%, 4/23/37 120,000 119,329 
M&T Bank Corp., VRN, 6.08%, 3/13/32 159,000 166,669 
M&T Bank Corp., VRN, 5.39%, 1/16/36 82,000 81,742 
Santander Holdings USA, Inc., VRN, 6.17%, 1/9/30 160,000 165,160 
Sumitomo Mitsui Financial Group, Inc., VRN, 5.33%, 3/3/41 110,000 107,326 
Toronto-Dominion Bank, 4.36%, 4/23/29 55,000 54,859 
Toronto-Dominion Bank, VRN, 5.15%, 9/10/34 130,000 130,777 
Truist Financial Corp., VRN, 4.68%, 4/23/32 90,000 89,213 
U.S. Bancorp, VRN, 4.97%, 7/22/33 149,000 148,272 
U.S. Bancorp, VRN, 2.49%, 11/3/36 197,000 171,260 
Wells Fargo & Co., VRN, 6.30%, 10/23/29 161,000 167,614 
Westpac Banking Corp., VRN, 3.02%, 11/18/36 191,000 171,076 
   3,940,290 
Beverages — 0.0%   
Keurig Dr. Pepper, Inc., 4.35%, 5/15/28 170,000 169,355 
Maple Parent Holdings Corp., 4.75%, 3/26/29(6)
10,000 9,999 
   179,354 
Biotechnology — 0.0%   
Amgen, Inc., 5.65%, 2/19/56 85,000 81,665 
Amgen, Inc., 5.75%, 3/2/63 85,000 81,300 
Biogen, Inc., 6.45%, 5/15/55 79,000 82,337 
   245,302 
Broadline Retail — 0.0%   
Amazon.com, Inc., 4.25%, 3/13/31 85,000 84,191 
Amazon.com, Inc., 5.80%, 3/13/56 85,000 83,719 
Amazon.com, Inc., 5.55%, 11/20/65 87,000 81,235 
   249,145 
Capital Markets — 0.3%   
Apollo Debt Solutions BDC, 5.875%, 8/30/30 111,000 110,055 
Apollo Debt Solutions BDC, 5.70%, 1/23/31(6)
10,000 9,833 
ARES Capital Corp., 2.875%, 6/15/28 135,000 128,897 
ARES Capital Corp., 5.25%, 4/12/31 90,000 87,571 
ARES Strategic Income Fund, 5.55%, 4/15/31(6)
110,000 106,742 
Blackstone Private Credit Fund, 5.35%, 3/12/31 112,000 107,770 
Blackstone Private Credit Fund, 5.95%, 5/15/31 35,000 34,432 
Blackstone Secured Lending Fund, 2.85%, 9/30/28 60,000 56,293 
Blue Owl Capital Corp., 2.875%, 6/11/28 70,000 65,686 



Blue Owl Credit Income Corp., 6.65%, 3/15/31 80,000 79,715 
Blue Owl Technology Finance Corp., 6.125%, 1/23/31 110,000 105,954 
Brookfield Asset Management Ltd., 4.83%, 4/15/31 80,000 79,353 
Goldman Sachs BDC, Inc., 5.10%, 1/28/29 57,000 55,907 
Goldman Sachs Group, Inc., VRN, 5.22%, 4/23/31 165,000 167,716 
Goldman Sachs Private Credit Corp., 5.05%, 2/23/28(6)
87,000 86,016 
Goldman Sachs Private Credit Corp., 6.15%, 6/16/31(6)
80,000 79,349 
Hercules Capital, Inc., 5.35%, 2/10/29 45,000 44,396 
HPS Corporate Lending Fund, 5.15%, 4/2/29(6)
5,000 4,898 
Jefferies Financial Group, Inc., 6.20%, 4/14/34 161,000 164,850 
Jefferies Financial Group, Inc., 5.50%, 2/15/36 55,000 52,988 
Morgan Stanley, VRN, 5.45%, 7/20/29 177,000 180,277 
Morgan Stanley, VRN, 5.30%, 4/20/37 167,000 167,256 
TPG Operating Group II LP, 4.875%, 5/15/31 120,000 118,410 
   2,094,364 
Chemicals — 0.0%   
Equate Petrochemical Co. KSCC, 4.25%, 11/3/26(6)
82,000 81,714 
Consumer Finance — 0.1%   
American Express Co., VRN, 4.73%, 4/25/29 176,000 176,965 
Avolon Holdings Funding Ltd., 4.95%, 10/15/32(6)
115,000 112,240 
Capital One Financial Corp., VRN, 5.82%, 2/1/34 55,000 56,598 
Capital One Financial Corp., VRN, 6.38%, 6/8/34 142,000 150,172 
Synchrony Financial, VRN, 4.95%, 2/25/32 120,000 117,273 
   613,248 
Consumer Staples Distribution & Retail — 0.1%   
Dollar Tree, Inc., 4.20%, 5/15/28 171,000 170,105 
Target Corp., 5.00%, 4/15/35 168,000 168,652 
Walmart, Inc., 4.10%, 4/28/27 230,000 230,602 
   569,359 
Distributors — 0.0%   
Genuine Parts Co., 4.95%, 8/15/29 166,000 165,800 
Genuine Parts Co., 2.75%, 2/1/32 71,000 61,920 
   227,720 
Diversified REITs — 0.1%   
GLP Capital LP/GLP Financing II, Inc., 5.625%, 3/1/36 40,000 39,342 
Goodman U.S. Finance Seven LLC, 5.25%, 4/28/36(6)
110,000 108,371 
Host Hotels & Resorts LP, 5.50%, 4/15/35 168,000 168,582 
Prologis Targeted U.S. Logistics Fund LP, 4.625%, 3/15/33(6)
110,000 106,982 
Regency Centers LP, 4.50%, 3/15/33 120,000 117,016 
Simon Property Group LP, 6.65%, 1/15/54 73,000 80,842 
Store Capital LLC, 5.40%, 4/30/30 111,000 112,283 
   733,418 
Diversified Telecommunication Services — 0.1%   
AT&T, Inc., 6.00%, 4/30/56 80,000 77,221 
AT&T, Inc., 6.05%, 8/15/56 81,000 78,864 
Comcast Corp., 5.50%, 5/15/64 94,000 82,252 
Verizon Communications, Inc., 5.875%, 11/30/55 85,000 82,203 
Verizon Communications, Inc., 6.00%, 11/30/65 86,000 83,001 
   403,541 
Electric Utilities — 0.2%   
Basin Electric Power Cooperative, 5.85%, 10/15/55(6)
85,000 82,903 
Electricite de France SA, 6.25%, 4/22/66(6)
100,000 96,862 
Entergy Louisiana LLC, 5.65%, 4/15/56 85,000 81,666 
Eversource Energy, 5.45%, 3/1/28 78,000 79,190 
Eversource Energy, VRN, 6.10%, 8/15/56 66,000 65,757 



ITC Holdings Corp., 4.875%, 4/15/31(6)
108,000 107,886 
NextEra Energy Capital Holdings, Inc., VRN, 6.75%, 6/15/54 85,000 89,051 
Niagara Mohawk Power Corp., 6.00%, 7/3/55(6)
80,000 78,424 
Oklahoma Gas & Electric Co., 5.90%, 4/1/56 34,000 33,968 
Pacific Gas & Electric Co., 6.00%, 5/1/56 120,000 114,397 
PacifiCorp, 4.65%, 4/15/29 34,000 34,049 
PacifiCorp, 6.25%, 10/15/37 69,000 72,328 
PacifiCorp, 5.35%, 12/1/53 96,000 84,819 
PSEG Power LLC, 5.20%, 5/15/30(6)
168,000 170,674 
Southern California Edison Co., 5.45%, 6/1/31 69,000 70,727 
Southern California Edison Co., 4.80%, 3/15/33 120,000 117,495 
Southern California Edison Co., 5.875%, 12/1/53 88,000 82,862 
Virginia Electric & Power Co., 5.70%, 3/15/56 85,000 82,003 
Xcel Energy, Inc., 5.60%, 4/15/35 113,000 115,131 
Xcel Energy, Inc., 6.50%, 7/1/36 63,000 68,122 
   1,728,314 
Energy Equipment and Services — 0.1%   
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 4.35%, 6/15/31 60,000 59,313 
Patterson-UTI Energy, Inc., 7.15%, 10/1/33 159,000 172,378 
Schlumberger Investment, 5.15%, 5/7/36(7)
55,000 55,020 
   286,711 
Financial Services — 0.0%   
CIMIC Finance Ltd., 6.00%, 4/22/36(6)
120,000 118,484 
Gas Utilities — 0.0%   
Brooklyn Union Gas Co., 5.46%, 3/16/36(6)
45,000 44,600 
Southern California Gas Co., 6.00%, 6/15/55 79,000 79,295 
Spire, Inc., 4.60%, 9/1/31 110,000 109,064 
   232,959 
Ground Transportation — 0.1%   
Burlington Northern Santa Fe LLC, 5.80%, 3/15/56 31,000 31,079 
DAE Funding LLC, 4.95%, 1/15/33(6)
200,000 192,439 
Fedex Freight Holding Co., Inc., 4.95%, 3/15/33(6)
55,000 54,037 
JB Hunt Transport Services, Inc., 4.90%, 3/15/30 167,000 168,671 
XPO, Inc., 6.25%, 6/1/28(6)
167,000 169,419 
   615,645 
Health Care Equipment and Supplies — 0.0%   
Baxter International, Inc., 2.54%, 2/1/32 133,000 113,052 
Health Care Providers and Services — 0.1%   
Centene Corp., 2.45%, 7/15/28 183,000 172,856 
CommonSpirit Health, 4.98%, 9/1/35 172,000 167,152 
CommonSpirit Health, 5.66%, 9/1/55 87,000 82,971 
CVS Health Corp., 6.00%, 6/1/44 83,000 81,981 
CVS Health Corp., 5.875%, 6/1/53 87,000 82,728 
CVS Health Corp., 6.00%, 6/1/63 87,000 82,836 
Health Care Service Corp. A Mutual Legal Reserve Co., 5.875%, 6/15/54(6)
85,000 80,442 
Highmark, Inc., 5.75%, 5/15/36(6)
110,000 109,201 
McKesson Corp., 4.65%, 5/30/30 169,000 170,154 
   1,030,321 
Hotels, Restaurants and Leisure — 0.0%   
Expedia Group, Inc., 5.50%, 4/15/36 110,000 107,728 
Household Durables — 0.0%   
Meritage Homes Corp., 5.125%, 6/6/27 67,000 67,163 
Insurance — 0.1%   
American National Global Funding, 5.55%, 1/28/30(6)
30,000 30,480 
American National Global Funding, 4.875%, 1/23/31(6)
100,000 98,476 



Athene Global Funding, 4.83%, 5/9/28(6)
56,000 55,874 
Athene Global Funding, 5.54%, 8/22/35(6)
75,000 73,718 
Global Atlantic Fin Co., 7.95%, 6/15/33(6)
72,000 79,024 
RGA Global Funding, 5.00%, 8/25/32(6)
167,000 166,180 
Willis North America, Inc., 4.55%, 3/15/31 115,000 113,596 
   617,348 
Interactive Media and Services — 0.1%   
Alphabet, Inc., 5.75%, 2/15/66 55,000 53,552 
Meta Platforms, Inc., 6.20%, 5/15/46(7)
25,000 25,073 
Meta Platforms, Inc., 5.625%, 11/15/55 87,000 79,939 
Meta Platforms, Inc., 6.30%, 5/15/56(7)
45,000 45,160 
Meta Platforms, Inc., 5.75%, 5/15/63 87,000 80,269 
Meta Platforms, Inc., 5.55%, 8/15/64 87,000 76,854 
   360,847 
IT Services — 0.0%   
CDW LLC/CDW Finance Corp., 3.25%, 2/15/29 177,000 169,234 
Leidos, Inc., 5.00%, 3/15/36 60,000 58,619 
   227,853 
Life Sciences Tools and Services — 0.0%   
Illumina, Inc., 4.75%, 12/12/30 172,000 171,401 
Machinery — 0.1%   
Caterpillar Financial Services Corp., 4.40%, 3/3/28 168,000 168,792 
Cummins, Inc., 5.30%, 5/9/35 164,000 167,588 
IDEX Corp., 4.95%, 9/1/29 165,000 166,659 
Stanley Black & Decker, Inc., 2.30%, 3/15/30 186,000 170,557 
   673,596 
Media — 0.1%   
Cox Communications, Inc., 5.70%, 6/15/33(6)
170,000 169,063 
Omnicom Group, Inc., 4.20%, 3/2/29 40,000 39,561 
Omnicom Group, Inc., 5.30%, 6/2/36 65,000 62,855 
   271,479 
Metals and Mining — 0.0%   
Glencore Funding LLC, 5.19%, 4/1/30(6)
166,000 168,630 
Rio Tinto Finance USA PLC, 5.875%, 3/14/65 81,000 81,611 
   250,241 
Oil, Gas and Consumable Fuels — 0.3%   
Cheniere Energy, Inc., 6.00%, 7/30/56(6)
9,000 8,889 
Continental Resources, Inc., 4.375%, 1/15/28 169,000 168,213 
Devon Energy Corp., 5.75%, 9/15/54 91,000 85,796 
Enbridge, Inc., VRN, 6.25%, 3/1/78 177,000 177,903 
Energy Transfer LP, 6.20%, 4/1/55 85,000 82,770 
Energy Transfer LP, 6.30%, 1/15/56 70,000 69,218 
MPLX LP, 5.30%, 4/1/36 45,000 44,223 
MPLX LP, 6.20%, 9/15/55 83,000 81,844 
MPLX LP, 6.10%, 4/1/56 70,000 68,084 
ONEOK, Inc., 6.50%, 9/1/30(6)
64,000 67,612 
Petroleos Mexicanos, 5.95%, 1/28/31 413,000 404,308 
Plains All American Pipeline LP, 5.95%, 6/15/35 77,000 79,451 
Plains All American Pipeline LP/PAA Finance Corp., 5.60%, 1/15/36 167,000 167,378 
Targa Resources Corp., 6.05%, 5/15/56 65,000 63,163 
TotalEnergies Capital SA, 5.43%, 9/10/64 89,000 82,659 
TransCanada PipeLines Ltd., VRN, 6.375%, 10/17/56 56,000 56,452 
Western Midstream Operating LP, 5.30%, 3/1/48 96,000 81,959 
Woodside Finance Ltd., 6.00%, 5/19/35 165,000 171,684 
   1,961,606 



Passenger Airlines — 0.1%   
American Airlines Pass-Through Trust, 5.75%, 11/10/36(7)
80,000 80,250 
Southwest Airlines Co., 2.625%, 2/10/30 184,000 169,698 
Southwest Airlines Co., 5.25%, 11/15/35 70,000 66,431 
United Airlines, Inc., 4.625%, 4/15/29(6)
171,000 168,903 
   485,282 
Personal Care Products — 0.0%   
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 6.625%, 7/15/30(6)
162,000 163,963 
Pharmaceuticals — 0.1%   
Bristol-Myers Squibb Co., 4.55%, 2/20/48 85,000 71,954 
Merck & Co., Inc., 5.70%, 9/15/55 82,000 80,747 
Novartis Capital Corp., 4.60%, 3/18/33 35,000 34,769 
Novartis Capital Corp., 5.30%, 11/5/55 86,000 81,692 
Novartis Capital Corp., 5.70%, 3/18/56 55,000 55,130 
Pfizer Investment Enterprises Pte. Ltd., 5.34%, 5/19/63 91,000 82,341 
Viatris, Inc., 2.30%, 6/22/27 176,000 171,096 
Viatris, Inc., 2.70%, 6/22/30 90,000 82,030 
   659,759 
Professional Services — 0.0%   
Concentrix Corp., 6.50%, 3/1/29 80,000 78,158 
Semiconductors and Semiconductor Equipment — 0.1%   
Applied Materials, Inc., 1.75%, 6/1/30 190,000 171,297 
Intel Corp., 4.80%, 10/1/41 93,000 82,698 
Intel Corp., 6.125%, 5/15/56 50,000 49,662 
Intel Corp., 6.20%, 5/15/66 50,000 49,350 
KLA Corp., 5.25%, 7/15/62 88,000 80,633 
QUALCOMM, Inc., 5.00%, 5/20/35 169,000 169,190 
   602,830 
Software — 0.1%   
Cadence Design Systems, Inc., 4.30%, 9/10/29 170,000 169,560 
Oracle Corp., 6.15%, 11/9/29 162,000 166,954 
Oracle Corp., 4.95%, 2/4/31 30,000 29,353 
Oracle Corp., 4.30%, 7/8/34 99,000 88,097 
Oracle Corp., 5.70%, 2/4/36 42,000 40,356 
Oracle Corp., 5.375%, 9/27/54 98,000 75,491 
   569,811 
Technology Hardware, Storage and Peripherals — 0.0%   
Hewlett Packard Enterprise Co., 4.50%, 3/23/28 110,000 110,079 
Tobacco — 0.0%   
BAT Capital Corp., 7.08%, 8/2/53 72,000 79,736 
Wireless Telecommunication Services — 0.0%   
T-Mobile USA, Inc., 5.85%, 2/15/56 80,000 76,952 
TOTAL CORPORATE BONDS
(Cost $22,956,266)
 22,694,365 
COLLATERALIZED MORTGAGE OBLIGATIONS — 1.6%  
Private Sponsor Collateralized Mortgage Obligations — 1.6%   
ABN AMRO Mortgage Corp., Series 2003-4, Class A4, 5.50%, 3/25/33 1,521 1,525 
Barclays Mortgage Loan Trust, Series 2026-NQM2, Class A1, VRN, 4.70%, 12/25/65(6)
1,041,340 1,032,520 
BRAVO Residential Funding Trust, Series 2024-NQM5, Class A3, 6.16%, 6/25/64(6)
345,807 347,913 
Chase Home Lending Mortgage Trust, Series 2025-10, Class A4A, VRN, 5.50%, 7/25/56(6)
628,575 629,225 
Chase Home Lending Mortgage Trust, Series 2025-8, Class A4, SEQ, VRN, 6.00%, 6/25/56(6)
894,236 898,711 
Ellington Financial Mortgage Trust, Series 2022-4, Class A3, 5.90%, 9/25/67(6)
248,453 248,324 
GS Mortgage-Backed Securities Trust, Series 2024-PJ1, Class A15, VRN, 6.00%, 6/25/54(6)
179,092 179,501 
GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, SEQ, VRN, 6.00%, 11/25/55(6)
324,854 326,096 
JP Morgan Mortgage Trust, Series 2024-1, Class A4, SEQ, VRN, 6.00%, 6/25/54(6)
274,951 275,672 



JP Morgan Mortgage Trust, Series 2024-12, Class A4, VRN, 6.00%, 6/25/55(6)
353,453 356,723 
JP Morgan Mortgage Trust, Series 2024-12, Class A9, VRN, 6.15%, 6/25/55(6)
377,388 380,162 
JP Morgan Mortgage Trust, Series 2024-2, Class A3, VRN, 6.00%, 8/25/54(6)
273,158 275,294 
JP Morgan Mortgage Trust, Series 2024-6, Class A9A, VRN, 6.00%, 12/25/54(6)
528,979 533,115 
JP Morgan Mortgage Trust, Series 2025-NQM1, Class A3, 5.97%, 6/25/65(6)
297,627 298,834 
JP Morgan Mortgage Trust, Series 2026-ACES1, Class A1, VRN, 4.89%, 4/25/66(6)
1,076,097 1,069,437 
OBX Trust, Series 2025-J3, Class A5, SEQ, VRN, 5.00%, 10/25/55(6)
432,863 429,630 
OBX Trust, Series 2025-NQM15, Class A1B, 5.14%, 7/27/65(6)
745,313 745,050 
PRKCM Trust, Series 2025-AFC1, Class A1B, 5.10%, 10/25/60(6)
1,066,391 1,061,550 
PRPM Trust, Series 2022-NQM1, Class A3, 5.50%, 8/25/67(6)
752,987 751,636 
Radian Mortgage Capital Trust, Series 2025-J2, Class A15, VRN, 5.50%, 11/25/55(6)
742,107 742,662 
Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55(6)
714,840 718,055 
Sequoia Mortgage Trust, Series 2023-4, Class A10, SEQ, VRN, 5.69%, 11/25/53(6)
77,697 77,590 
Sequoia Mortgage Trust, Series 2024-2, Class A4, VRN, 5.97%, 3/25/54(6)
377,222 378,340 
SG Residential Mortgage Trust, Series 2026-3, Class A1, VRN, 5.19%, 4/25/66(6)
506,000 505,998 
SoFi Mortgage Trust, Series 2016-1A, Class 1A4, SEQ, VRN, 3.00%, 11/25/46(6)
22,107 19,916 
   12,283,479 
U.S. Government Agency Collateralized Mortgage Obligations — 0.0%   
FNMA, Series 2024-R01, Class 1M1, VRN, 4.70%, (30-day average SOFR plus 1.05%), 1/25/44(6)
149,278 149,313 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $12,464,698)
 12,432,792 
ASSET-BACKED SECURITIES — 0.7%  
ACM Auto Trust, Series 2025-3A, Class B, 6.08%, 7/20/32(6)
698,000 696,148 
Elara HGV Timeshare Issuer LLC, Series 2025-A, Class A, SEQ, 4.54%, 1/25/40(6)
638,965 636,026 
JP Morgan Mortgage Trust, Series 2025-CES5, Class A1A, 5.14%, 2/25/56(6)
912,626 911,088 
JP Morgan Mortgage Trust, Series 2025-CES5, Class A1B, 5.24%, 2/25/56(6)
956,085 953,447 
Lendbuzz Securitization Trust, Series 2026-1A, Class C, 5.74%, 9/15/31(6)
427,416 424,183 
Pagaya AI Debt Grantor Trust, Series 2025-6, Class B, 4.88%, 4/15/33(6)
407,283 405,305 
RCKT Mortgage Trust, Series 2026-CES2, Class A1A, 4.76%, 2/25/56(6)
926,621 918,407 
USQ Rail I LLC, Series 2021-2A, Class B, SEQ, 2.98%, 2/28/51(6)
399,000 378,373 
TOTAL ASSET-BACKED SECURITIES
(Cost $5,336,247)
 5,322,977 
COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.3%  
Credit Suisse Mortgage Trust, Series 2021-BHAR, Class A, VRN, 4.92%, (1-month SOFR plus 1.26%), 11/15/38(6)
706,000 699,977 
DBSG Mortgage Trust, Series 2024-ALTA, Class A, SEQ, VRN, 6.14%, 6/10/37(6)
706,000 712,112 
NJ Trust, Series 2023-GSP, Class A, SEQ, VRN, 6.70%, 1/6/29(6)
705,000 729,053 
WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 6.13%, 3/15/40(6)
564,000 565,188 
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES
(Cost $2,716,207)
 2,706,330 
MUNICIPAL SECURITIES — 0.3%  
New Jersey Turnpike Authority Rev., 7.10%, 1/1/41  140,000 160,146 
New York City GO, 4.06%, 8/1/26  2,000,000 2,000,172 
New York City GO, 6.27%, 12/1/37  40,000 42,226 
Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60  175,000 110,214 
Texas Natural Gas Securitization Finance Corp. Rev., SEQ, 5.17%, 4/1/41  45,000 45,276 
TOTAL MUNICIPAL SECURITIES
(Cost $2,408,927)
 2,358,034 
EXCHANGE-TRADED FUNDS — 0.1%  
iShares Core S&P 500 ETF 692 499,672 
iShares MSCI EAFE Small-Cap ETF 251 20,981 
TOTAL EXCHANGE-TRADED FUNDS
(Cost $494,280)
 520,653 
PREFERRED SECURITIES — 0.0%  
Oil, Gas and Consumable Fuels — 0.0%   
BP Capital Markets PLC, 6.45%
(Cost $168,578)
159,000 166,579 



RIGHTS — 0.0%  
Biotechnology — 0.0%   
Akero Therapeutics, Inc.(2)
1,264 822 
IT Services — 0.0%   
NEXTDC Ltd.(2)
3,468 3,845 
TOTAL RIGHTS
(Cost $822)
 4,667 
SHORT-TERM INVESTMENTS — 9.7%  
Commercial Paper(8) — 3.5%
  
Bank of Montreal, VRN, 3.95%, 12/9/26(6)
3,150,000 3,150,012 
Concord Minutemen Capital Co. LLC, VRN, 3.93%, 9/4/26(6)
4,750,000 4,749,919 
Ionic Funding LLC, 3.97%, 6/5/26(6)
3,500,000 3,486,392 
Ionic Funding LLC, 4.14%, 10/2/26(6)
2,250,000 2,211,819 
Ionic Funding LLC, Series IIA, 3.94%, 5/22/26(6)
2,500,000 2,494,098 
Lion Bay Funding LLC, VRN, 3.67%, 7/29/26(6)
2,500,000 2,500,000 
Lion Bay Funding LLC, VRN, 3.67%, 7/29/26(6)
2,500,000 2,500,000 
Portsea Funding LLC, 3.77%, 5/1/26(6)
3,300,000 3,299,660 
Toyota Credit de Puerto Rico Corp., 4.17%, 9/21/26(6)
2,500,000 2,460,420 
   26,852,320 
Money Market Funds — 5.8%  
State Street Institutional U.S. Government Money Market Fund, Premier Class 8,868,086 8,868,086 
State Street Navigator Securities Lending Government Money Market Portfolio(9)
35,866,966 35,866,966 
   44,735,052 
Treasury Bills(8) — 0.4%
  
U.S. Treasury Bills, 3.72%, 5/5/26 2,500,000 2,499,018 
TOTAL SHORT-TERM INVESTMENTS
(Cost $74,086,852)
 74,086,390 
TOTAL INVESTMENT SECURITIES — 106.1%
(Cost $631,345,585)
 815,306,392 
OTHER ASSETS AND LIABILITIES — (6.1)% (46,620,873)
TOTAL NET ASSETS — 100.0%  $768,685,519 

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency Purchased
Currency Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
USD
2,099,407 
AUD
2,959,283 
UBS AG
6/17/26$(29,413)
CAD
5,867 
USD
4,331 
Citibank NA
6/26/26(1)
CAD
11,391 
USD
8,408 
Citibank NA
6/26/26(2)
CAD
4,875 
USD
3,572 
UBS AG
6/26/2625 
USD
511,367 
CAD
692,914 
Citibank NA
6/17/26247 
USD
2,276,480 
CAD
3,107,678 
Morgan Stanley & Co. LLC
6/17/26(15,861)
USD
744,294 
CAD
1,009,032 
Morgan Stanley & Co. LLC
6/17/26(6)
USD
5,021 
CAD
6,835 
Bank of America NA
6/26/26(22)
USD
61,968 
CAD
84,733 
Citibank NA
6/26/26(558)
USD
8,708 
CAD
11,982 
Citibank NA
6/26/26(134)
USD
5,180 
CAD
7,153 
Citibank NA
6/26/26(97)
USD
33,130 
CAD
45,942 
Citibank NA
6/26/26(771)
USD
59,687 
CAD
82,753 
Citibank NA
6/26/26(1,378)
USD
9,950 
CAD
13,571 
JPMorgan Chase Bank NA
6/26/26(64)
USD
15,896 
CAD
21,930 
UBS AG
6/26/26(287)
USD
61,960 
CAD
84,733 
UBS AG
6/26/26(566)
USD
6,916 
CAD
9,469 
UBS AG
6/26/26(71)
USD
11,174 
CAD
15,446 
UBS AG
6/26/26(224)
USD
5,262 
CAD
7,285 
UBS AG
6/26/26(114)
USD
45,315 
CAD
62,737 
UBS AG
6/26/26(980)
USD
3,956 
CAD
5,405 
UBS AG
6/26/26(33)
EUR
271,374 
USD
316,136 
JPMorgan Chase Bank NA
6/17/262,993 
EUR
32,390 
USD
38,006 
Citibank NA
6/26/2699 



EUR
4,866 
USD
5,625 
Goldman Sachs & Co. LLC
6/26/26100 
EUR
46,279 
USD
54,746 
Goldman Sachs & Co. LLC
6/26/26(302)
EUR
6,184 
USD
7,246 
Goldman Sachs & Co. LLC
6/26/2628 
EUR
34,331 
USD
39,498 
Morgan Stanley & Co. LLC
6/26/26890 
EUR
59,193 
USD
69,375 
Morgan Stanley & Co. LLC
6/26/26263 
EUR
7,841 
USD
9,190 
Morgan Stanley & Co. LLC
6/26/2635 
EUR
29,360 
USD
34,513 
Morgan Stanley & Co. LLC
6/26/2627 
EUR
4,250 
USD
5,024 
Morgan Stanley & Co. LLC
6/26/26(24)
EUR
30,313 
USD
35,577 
Morgan Stanley & Co. LLC
6/26/2685 
EUR
5,716 
USD
6,630 
UBS AG
6/26/2695 
USD
7,149,635 
EUR
6,176,133 
Citibank NA
6/17/26(113,346)
USD
34,999 
EUR
29,968 
Citibank NA
6/26/26(256)
USD
380,524 
EUR
325,819 
Citibank NA
6/26/26(2,781)
USD
5,823 
EUR
5,015 
Goldman Sachs & Co. LLC
6/26/26(77)
USD
34,986 
EUR
29,968 
Goldman Sachs & Co. LLC
6/26/26(269)
USD
380,381 
EUR
325,819 
Goldman Sachs & Co. LLC
6/26/26(2,925)
USD
9,304 
EUR
8,032 
Goldman Sachs & Co. LLC
6/26/26(146)
USD
60,696 
EUR
51,650 
Morgan Stanley & Co. LLC
6/26/26(67)
USD
12,336 
EUR
10,497 
Morgan Stanley & Co. LLC
6/26/26(14)
USD
34,972 
EUR
29,968 
Morgan Stanley & Co. LLC
6/26/26(283)
USD
380,229 
EUR
325,819 
Morgan Stanley & Co. LLC
6/26/26(3,077)
USD
4,455 
EUR
3,846 
Morgan Stanley & Co. LLC
6/26/26(70)
USD
61,751 
EUR
52,236 
Morgan Stanley & Co. LLC
6/26/26299 
USD
380,394 
EUR
325,819 
UBS AG
6/26/26(2,912)
USD
34,987 
EUR
29,968 
UBS AG
6/26/26(268)
USD
7,173 
EUR
6,099 
UBS AG
6/26/26(2)
GBP
20,478 
USD
27,011 
Bank of America NA
6/26/26851 
GBP
11,575 
USD
15,310 
Bank of America NA
6/26/26438 
USD
1,397,826 
GBP
1,036,050 
Citibank NA
6/17/26(11,870)
USD
1,399,482 
GBP
1,036,065 
Morgan Stanley & Co. LLC
6/17/26(10,235)
USD
873,288 
GBP
647,402 
Morgan Stanley & Co. LLC
6/17/26(7,597)
USD
22,752 
GBP
16,918 
Bank of America NA
6/26/26(266)
USD
326,063 
GBP
242,943 
Bank of America NA
6/26/26(4,485)
USD
24,763 
GBP
18,290 
Bank of America NA
6/26/26(122)
USD
325,846 
GBP
242,943 
Goldman Sachs & Co. LLC
6/26/26(4,702)
HUF
375,896,856 
USD
1,201,099 
Citibank NA
6/17/267,263 
USD
1,214,014 
HUF
375,896,856 
Goldman Sachs & Co. LLC
6/17/265,652 
USD
1,147,906 
HUF
358,811,149 
Goldman Sachs & Co. LLC
6/17/26(5,532)
USD
233,452 
IDR
3,945,922,857 
Goldman Sachs & Co. LLC
6/17/265,822 
JPY
1,736,125 
USD
10,960 
Bank of America NA
6/26/26176 
JPY
1,088,850 
USD
6,870 
Bank of America NA
6/26/26114 
JPY
963,900 
USD
6,064 
Bank of America NA
6/26/26119 
JPY
726,750 
USD
4,587 
JPMorgan Chase Bank NA
6/26/2675 
JPY
1,138,150 
USD
7,169 
JPMorgan Chase Bank NA
6/26/26132 
USD
326,649 
JPY
51,653,618 
Morgan Stanley & Co. LLC
6/17/26(4,430)
USD
1,179,085 
JPY
185,966,874 
Morgan Stanley & Co. LLC
6/17/26(12,888)
USD
6,992 
JPY
1,105,000 
Bank of America NA
6/26/26(95)
USD
27,064 
JPY
4,268,700 
Bank of America NA
6/26/26(317)
USD
14,619 
JPY
2,314,975 
Bank of America NA
6/26/26(230)
USD
7,580 
JPY
1,203,175 
Bank of America NA
6/26/26(138)
USD
10,850 
JPY
1,708,075 
Bank of America NA
6/26/26(106)
USD
10,427 
JPY
1,651,125 
Bank of America NA
6/26/26(164)
USD
14,520 
JPY
2,286,500 
JPMorgan Chase Bank NA
6/26/26(146)
USD
145,712 
JPY
23,050,300 
JPMorgan Chase Bank NA
6/26/26(2,142)
USD
7,233 
JPY
1,146,650 
JPMorgan Chase Bank NA
6/26/26(122)
USD
18,538 
JPY
2,932,500 
JPMorgan Chase Bank NA
6/26/26(273)
USD
3,128 
JPY
494,275 
JPMorgan Chase Bank NA
6/26/26(42)
MXN
38,986,934 
USD
2,164,239 
Bank of America NA
6/17/2659,582 
USD
2,226,500 
MXN
39,483,980 
Morgan Stanley & Co. LLC
6/17/26(25,673)
USD
378,256 
MYR
1,480,949 
Goldman Sachs & Co. LLC
6/18/264,707 
USD
1,546,495 
NOK
14,963,556 
Morgan Stanley & Co. LLC
6/17/26(67,837)
USD
2,215,222 
NZD
3,843,937 
Citibank NA
6/17/26(58,896)



USD
816,455 
NZD
1,399,689 
Morgan Stanley & Co. LLC
6/17/26(11,617)
USD
5,001,701 
NZD
8,481,426 
UBS AG
6/17/26(16,010)
PLN
2,909,620 
USD
787,693 
Goldman Sachs & Co. LLC
6/17/2614,941 
USD
805,572 
PLN
2,949,778 
UBS AG
6/17/26(8,141)
USD
417,264 
ZAR
6,850,960 
UBS AG
6/17/267,311 
ZAR
6,720,543 
USD
391,570 
Bank of America NA
6/17/2610,579 
 
 
 
 
 
 
$(308,529)

FUTURES CONTRACTS PURCHASED
Reference Entity
Contracts
Expiration Date
Notional
Amount
Unrealized
Appreciation
(Depreciation)^
Euro-BTP Italian Government 10-Year Bonds
16 June 2026$2,196,321 $(53,733)
Euro-OAT 10-Year Bonds
14 June 20261,959,737 (35,515)
Korean Treasury 10-Year Bonds
June 2026585,221 (7,994)
U.S. Treasury 2-Year Notes
144
June 202629,826,000 (11,412)
U.S. Treasury 10-Year Notes
82 June 20269,068,687 (38,879)
U.S. Treasury Long Bonds
13 June 20261,466,969 (62,182)
U.S. Treasury Ultra Bonds
32 June 20263,681,000 (53,531)
U.K. Gilt 10-Year Bonds
June 20261,060,446 (75,944)
Canadian 10-Year Government Bonds
June 202687,702 (2,425)
 
 
 
$49,932,083 $(341,615)
^Amount represents value and unrealized appreciation (depreciation).

FUTURES CONTRACTS SOLD
Reference Entity
Contracts
Expiration Date
Notional
Amount
Unrealized
Appreciation
(Depreciation)^
Australian 10-Year Government Bonds
26
June 2026$2,004,081 $18,417 
U.S. Treasury 10-Year Notes
8June 2026884,750 15,359 
 
 
 
$2,888,831 $33,776 
^Amount represents value and unrealized appreciation (depreciation).

CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS§
Reference Entity
Type
Fixed
Rate
Received
(Paid)
Quarterly
Termination
Date
Notional
Amount
Premiums
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Value^
Markit CDX Emerging Markets Index Series 45
Sell
1.00%6/20/31$1,100,000 $(46,913)$17,757 $(29,156)
Markit CDX North America High Yield Index Series 45
Sell
5.00%12/20/30$12,078,000 799,433 151,886 951,319 
Markit CDX North America High Yield Index Series 46
Sell
5.00%6/20/31$2,000,000 140,433 13,763 154,196 
Markit iTraxx Europe Crossover Index Series 43
Sell
5.00%6/20/30EUR1,459,980 143,069 39,988 183,057 
 
 
 
 
 
$1,036,022 $223,394 $1,259,416 
§Credit default swap agreements enable the fund to buy/sell protection against a credit event of a specific issuer or index. As a seller of credit protection against a security or basket of securities, the fund receives an upfront and/or periodic payment to compensate against potential default events. The fund may attempt to enhance returns by selling protection.
‡The maximum potential amount the fund could be required to deliver as a seller of credit protection if a credit event occurs as defined under the terms of the agreement is the notional amount. The maximum potential amount may be partially offset by any recovery values of the reference entities and upfront payments received upon entering into the agreement.
^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.




INTEREST RATE SWAP AGREEMENTS
Counterparty
Floating
Rate Index
Pay/Receive
Floating Rate
Index
at Termination
Fixed
Rate
Termination
Date
Notional
Amount
Value^
Morgan Stanley
BZDIOVRA
Pay
12.99%1/2/31
BRL
13,500,000 $(73,894)
^Amount represents value and unrealized appreciation (depreciation).

CENTRALLY CLEARED TOTAL RETURN SWAP AGREEMENTS
Floating
Rate Index
Pay/Receive
Floating Rate
Index at
Termination
Fixed
Rate
Termination
Date
Notional
Amount
Premiums
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Value
CPURNSA
Receive
2.44%12/10/30$5,400,000 $492 $69,221 $69,713 
CPURNSA
Receive
2.43%12/11/30$5,150,000 491 66,264 66,755 
CPURNSA
Receive
2.52%2/3/31$2,500,000 490 26,886 27,376 
CPURNSA
Receive
2.36%2/25/31$2,000,000 498 35,833 36,331 
CPURNSA
Receive
2.35%2/26/31$2,500,000 501 46,652 47,153 
CPURNSA
Receive
2.56%3/16/31$2,160,000 504 19,844 20,348 
CPURNSA
Receive
2.45%3/30/36$2,600,000 526 32,199 32,725 
 
 
 
 
 
$3,502 $296,899 $300,401 

NOTES TO SCHEDULE OF INVESTMENTS
ADR
American Depositary Receipt
AUD
Australian Dollar
BRL
Brazilian Real
BZDIOVRA
Brazil Interbank Deposit Rate
CAD
Canadian Dollar
CDX
Credit Derivatives Indexes
CPURNSA
U.S. Consumer Price Index Urban Consumers Not Seasonally Adjusted Index
EUR
Euro
FHLMC
Federal Home Loan Mortgage Corp.
FNMA
Federal National Mortgage Association
GBP
British Pound
GDR
Global Depositary Receipt
GNMA
Government National Mortgage Association
GO
General Obligation
HUF
Hungarian Forint
IDR
Indonesian Rupiah
JPY
Japanese Yen
MXN
Mexican Peso
MYR
Malaysian Ringgit
NOK
Norwegian Krone
NZD
New Zealand Dollar
PLN
Polish Zloty
PYG
Paraguay Guarani
SEQ
Sequential Payer
SOFR
Secured Overnight Financing Rate
TBA
To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement.
TRY
Turkish Lira
UMBS
Uniform Mortgage-Backed Securities
USD
United States Dollar
VRN
Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown.
ZAR
South African Rand



(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.
(2)Non-income producing.
(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $37,289,116. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(4)Security may be subject to resale, redemption or transferability restrictions.
(5)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $2,762,396.
(6)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $57,922,519, which represented 7.5% of total net assets.
(7)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.
(8)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.
(9)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $38,073,136, which includes securities collateral of $2,206,170.



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 Directors 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.

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, municipal 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. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper and certificates of deposit are valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service.

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 a 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 NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

2.Fair Value Measurements

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels. 

Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars. 

Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.




The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.
 
Level 1
Level 2
Level 3
Assets
 
 
 
Investment Securities
 
 
 
Affiliated Funds
$382,434,176 — — 
Common Stocks
135,147,783 $56,973,146 — 
U.S. Treasury Securities
— 53,614,370 — 
U.S. Government Agency Mortgage-Backed Securities
— 34,000,261 — 
Sovereign Governments and Agencies
— 32,843,869 — 
Corporate Bonds
— 22,694,365 — 
Collateralized Mortgage Obligations
— 12,432,792 — 
Asset-Backed Securities
— 5,322,977 — 
Commercial Mortgage-Backed Securities
— 2,706,330 — 
Municipal Securities
— 2,358,034 — 
Exchange-Traded Funds
520,653 — — 
Preferred Securities
— 166,579 — 
Rights
822 3,845 — 
Short-Term Investments
44,735,052 29,351,338 — 
 
$562,838,486 $252,467,906 — 
Other Financial Instruments
 
 
 
Futures Contracts
$15,359 $18,417 — 
Swap Agreements
— 1,588,973 — 
Forward Foreign Currency Exchange Contracts
— 122,948 — 
 
$15,359 $1,730,338 — 
Liabilities
 
 
 
Other Financial Instruments
 
 
 
Futures Contracts
$166,004 $175,611 — 
Swap Agreements
— 103,050 — 
Forward Foreign Currency Exchange Contracts
— 431,477 — 
 
$166,004 $710,138 — 




3. Affiliated Fund Transactions

A summary of transactions for each affiliated fund for the period ended April 30, 2026 follows (amounts in thousands):
Affiliated Fund(1)
Beginning
Value
Purchase
Cost
Sales
Cost
Change in Net
Unrealized
Appreciation
(Depreciation)
Ending
Value
Ending
Shares
Net
Realized
Gain
(Loss)
Distributions Received(2)
American Century Diversified Corporate Bond ETF
$28,574 — $3,235 $229 $25,568 547 $(265)$1,011 
American Century Focused Dynamic Growth ETF(3)
25,534 $2,429 1,181 2,643 29,425 225 1,029 — 
American Century Focused Large Cap Value ETF
24,734 2,566 502 3,184 29,982 374 44 328 
American Century Multisector Income ETF
35,630 — — (25)35,605 813 — 1,501 
American Century Quality Diversified International ETF
31,932 3,880 8,848 760 27,724 401 4,393 333 
American Century Short Duration Strategic Income ETF
4,619 17,744 — (80)22,283 433 — 664 
American Century U.S. Quality Growth ETF
35,503 13,822 14,292 123 35,156 313 121 60 
American Century U.S. Quality Value ETF(4)
35,627 15,663 361 3,299 54,228 811 590 
Avantis Emerging Markets Equity ETF(4)
30,192 6,258 9,311 6,574 33,713 373 1,484 482 
Avantis International Equity ETF
23,193 6,035 6,312 4,763 27,679 309 356 316 
Avantis International Small Cap Value ETF
8,422 508 474 2,431 10,887 103 241 157 
Avantis U.S. Equity ETF
43,502 2,926 5,594 4,267 45,101 369 3,554 350 
Avantis U.S. Small Cap Value ETF(4)
10,412 83 2,256 (3,156)5,083 42 5,373 92 
 
$337,874 $71,914 $52,366 $25,012 $382,434 5,113 $16,336 $5,884 
(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds. Additional information and attributes of each affiliated fund are available at americancentury.com or avantisinvestors.com.
(2)Distributions received includes distributions from net investment income and from capital gains, if any.
(3)Non-income producing.
(4)Security, or a portion thereof, is on loan.
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 financial statements.