American Century Investments®

Quarterly Portfolio Holdings

Avantis® Short-Term Fixed Income ETF (AVSF)

May 31, 2026

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Avantis Short-Term Fixed Income ETF - Schedule of Investments
MAY 31, 2026 (UNAUDITED)

			Principal Amount ($)/Shares			Value ($)
CORPORATE BONDS — 77.3%
Aerospace and Defense — 1.1%
General Dynamics Corp., 3.625%, 4/1/30			202,000			195,908
General Electric Co., 4.30%, 7/29/30			125,000			124,271
Howmet Aerospace, Inc., 3.00%, 1/15/29			50,000			48,235
L3Harris Technologies, Inc., 4.40%, 6/15/28			592,000			591,281
L3Harris Technologies, Inc., 5.05%, 6/1/29			1,971,000			1,999,311
Lockheed Martin Corp., 4.50%, 2/15/29			2,518,000			2,526,597
Northrop Grumman Corp., 4.60%, 2/1/29			100,000			100,638
RTX Corp., 5.75%, 1/15/29			396,000			409,398
Textron, Inc., 3.90%, 9/17/29			1,500,000			1,465,942
						7,461,581
Air Freight and Logistics — 0.0%
FedEx Corp., 3.10%, 8/5/29			125,000			119,803
United Parcel Service, Inc., 3.40%, 3/15/29			195,000			190,363
						310,166
Automobiles — 1.9%
American Honda Finance Corp., 4.55%, 3/3/28			1,774,000			1,776,393
American Honda Finance Corp., 4.90%, 3/13/29			886,000			893,018
American Honda Finance Corp., 4.80%, 3/5/30			1,725,000			1,725,581
General Motors Co., 5.35%, 4/15/28			105,000			106,438
General Motors Co., 5.00%, 10/1/28			843,000			850,358
General Motors Financial Co., Inc., 5.00%, 4/9/27			451,000			453,507
General Motors Financial Co., Inc., 2.70%, 8/20/27			9,000			8,818
General Motors Financial Co., Inc., 5.45%, 7/15/30			517,000			529,571
Mercedes-Benz Finance North America LLC, 8.50%, 1/18/31			240,000			276,881
Toyota Motor Corp., 2.76%, 7/2/29			1,330,000			1,269,705
Toyota Motor Credit Corp., 5.25%, 9/11/28			492,000			502,304
Toyota Motor Credit Corp., 5.05%, 5/16/29			1,202,000			1,224,876
Toyota Motor Credit Corp., 4.45%, 6/29/29			943,000			944,585
Toyota Motor Credit Corp., 4.55%, 8/9/29			1,922,000			1,929,194
Toyota Motor Credit Corp., 4.95%, 1/9/30			120,000			121,960
Toyota Motor Credit Corp., 4.80%, 5/15/30			135,000			136,363
						12,749,552
Banks — 13.6%
African Development Bank, 4.125%, 2/25/27			1,000,000			1,001,440
African Development Bank, 4.375%, 11/3/27			1,000,000			1,004,987
Asian Development Bank, 1.50%, 1/20/27			1,000,000			985,297
Asian Development Bank, 4.375%, 1/14/28			320,000			321,867
Asian Infrastructure Investment Bank, 3.75%, 9/14/27			1,147,000			1,143,283
Banco Bilbao Vizcaya Argentaria SA, 5.38%, 3/13/29			460,000			470,777
Banco Santander SA, 5.57%, 1/17/30			160,000			163,949
Banco Santander SA, 3.49%, 5/28/30			1,600,000			1,524,314
Bank of America Corp., VRN, 5.20%, 4/25/29			1,488,000			1,506,903
Bank of America Corp., VRN, 4.62%, 5/9/29			938,000			940,366
Bank of Montreal, 5.72%, 9/25/28			3,170,000			3,257,440
Bank of Nova Scotia, 5.45%, 8/1/29			3,760,000			3,863,929
Bank of Nova Scotia, 4.85%, 2/1/30			225,000			227,091
Barclays PLC, VRN, 4.94%, 9/10/30			500,000			501,909
Barclays PLC, VRN, 5.37%, 2/25/31			2,300,000			2,337,991

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Canadian Imperial Bank of Commerce, 5.26%, 4/8/29			854,000			871,512
Canadian Imperial Bank of Commerce, VRN, 4.58%, 9/8/31			649,000			643,881
Citibank NA, 4.84%, 8/6/29			1,300,000			1,316,484
Citigroup, Inc., VRN, 4.54%, 9/19/30			1,373,000			1,367,669
Citigroup, Inc., VRN, 2.57%, 6/3/31			104,000			95,687
Citizens Financial Group, Inc., 2.50%, 2/6/30			100,000			92,295
Citizens Financial Group, Inc., 3.25%, 4/30/30			2,120,000			2,008,403
Citizens Financial Group, Inc., VRN, 5.25%, 3/5/31			1,823,000			1,844,694
Cooperatieve Rabobank UA, 4.80%, 1/9/29			1,217,000			1,231,928
European Bank for Reconstruction & Development, 4.375%, 3/9/28			1,000,000			1,005,955
European Bank for Reconstruction & Development, 4.125%, 1/25/29			100,000			100,151
European Investment Bank, 4.375%, 3/19/27			1,475,000			1,480,590
Fifth Third Bancorp, VRN, 6.34%, 7/27/29			1,066,000			1,103,940
Fifth Third Bancorp, VRN, 4.77%, 7/28/30			1,281,000			1,281,170
HSBC Holdings PLC, 4.95%, 3/31/30			2,150,000			2,175,720
HSBC Holdings PLC, VRN, 4.76%, 6/9/28			225,000			225,607
HSBC Holdings PLC, VRN, 5.21%, 8/11/28			1,450,000			1,461,982
HSBC Holdings PLC, VRN, 2.21%, 8/17/29			580,000			551,287
HSBC Holdings PLC, VRN, 2.85%, 6/4/31			300,000			278,041
Huntington National Bank, 5.65%, 1/10/30			1,500,000			1,549,623
ING Groep NV, VRN, 5.07%, 3/25/31			750,000			757,913
Inter-American Development Bank, 2.375%, 7/7/27			1,500,000			1,474,653
Inter-American Development Bank, 3.125%, 9/18/28			224,000			219,548
International Bank for Reconstruction & Development, 3.125%, 6/15/27			150,000			148,754
International Bank for Reconstruction & Development, 0.75%, 11/24/27			150,000			143,043
JPMorgan Chase & Co., VRN, 4.01%, 4/23/29			960,000			951,677
JPMorgan Chase & Co., VRN, 4.20%, 7/23/29			635,000			630,553
JPMorgan Chase & Co., VRN, 5.58%, 4/22/30			599,000			614,370
JPMorgan Chase & Co., VRN, 3.70%, 5/6/30			557,000			543,560
JPMorgan Chase & Co., VRN, 5.00%, 7/22/30			1,210,000			1,221,773
JPMorgan Chase & Co., VRN, 4.60%, 10/22/30			841,000			839,883
JPMorgan Chase & Co., VRN, 5.14%, 1/24/31			100,000			101,585
KeyCorp, 4.10%, 4/30/28			426,000			423,510
KeyCorp, 2.55%, 10/1/29			2,042,000			1,912,104
Kreditanstalt fuer Wiederaufbau, 3.50%, 8/27/27			1,168,000			1,162,358
Kreditanstalt fuer Wiederaufbau, 3.875%, 6/15/28			1,194,000			1,191,898
Landwirtschaftliche Rentenbank, 3.875%, 9/28/27			1,034,000			1,033,140
Lloyds Banking Group PLC, 4.55%, 8/16/28			1,700,000			1,703,805
M&T Bank Corp., VRN, 6.08%, 3/13/32			2,348,000			2,454,125
Mitsubishi UFJ Financial Group, Inc., 2.56%, 2/25/30			2,255,000			2,091,689
Mitsubishi UFJ Financial Group, Inc., 2.05%, 7/17/30			640,000			578,975
Mitsubishi UFJ Financial Group, Inc., VRN, 4.51%, 1/14/32			500,000			492,915
Mizuho Financial Group, Inc., VRN, 5.38%, 7/10/30			200,000			204,182
Mizuho Financial Group, Inc., VRN, 3.15%, 7/16/30			405,000			387,575
Mizuho Financial Group, Inc., VRN, 2.20%, 7/10/31			2,000,000			1,808,328
National Bank of Canada, 4.50%, 10/10/29			2,055,000			2,049,444
NatWest Group PLC, VRN, 4.89%, 5/18/29			1,000,000			1,006,109
Nordic Investment Bank, 3.75%, 5/9/30			200,000			197,113
Oesterreichische Kontrollbank AG, 4.00%, 5/28/28			919,000			918,610
PNC Financial Services Group, Inc., 3.45%, 4/23/29			1,813,000			1,768,203
PNC Financial Services Group, Inc., 2.55%, 1/22/30			1,485,000			1,385,814
PNC Financial Services Group, Inc., VRN, 5.22%, 1/29/31			445,000			453,398
Royal Bank of Canada, VRN, 5.15%, 2/4/31			1,972,000			2,002,351
Royal Bank of Canada, VRN, 4.97%, 5/2/31			916,000			925,606
Royal Bank of Canada, VRN, 4.70%, 8/6/31			1,224,000			1,222,318

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Santander Holdings USA, Inc., VRN, 6.50%, 3/9/29			300,000			308,786
Santander Holdings USA, Inc., VRN, 6.17%, 1/9/30			290,000			298,952
Santander Holdings USA, Inc., VRN, 5.35%, 9/6/30			360,000			364,138
Sumitomo Mitsui Financial Group, Inc., 5.72%, 9/14/28			190,000			194,895
Sumitomo Mitsui Financial Group, Inc., 4.31%, 10/16/28			531,000			530,243
Toronto-Dominion Bank, 5.53%, 7/17/26			465,000			465,985
Toronto-Dominion Bank, 5.52%, 7/17/28			250,000			255,736
Toronto-Dominion Bank, 4.99%, 4/5/29			2,799,000			2,837,523
Truist Financial Corp., VRN, 4.87%, 1/26/29			910,000			915,872
Truist Financial Corp., VRN, 5.07%, 5/20/31			1,644,000			1,663,615
U.S. Bancorp, 1.375%, 7/22/30			1,378,000			1,213,539
U.S. Bancorp, VRN, 5.38%, 1/23/30			367,000			374,449
U.S. Bancorp, VRN, 5.05%, 2/12/31			1,972,000			1,998,022
U.S. Bancorp, VRN, 5.08%, 5/15/31			966,000			979,655
Wells Fargo & Co., 4.15%, 1/24/29			2,807,000			2,788,273
Wells Fargo & Co., VRN, 5.15%, 4/23/31			450,000			456,767
Westpac Banking Corp., 4.35%, 7/1/30			345,000			344,753
						90,950,247
Beverages — 0.4%
Constellation Brands, Inc., 4.35%, 5/9/27			50,000			50,071
Constellation Brands, Inc., 4.65%, 11/15/28			804,000			806,304
Constellation Brands, Inc., 3.15%, 8/1/29			619,000			593,365
Keurig Dr. Pepper, Inc., 3.95%, 4/15/29			530,000			520,465
Pepsico Singapore Financing I Pte. Ltd., 4.55%, 2/16/29			433,000			435,787
						2,405,992
Biotechnology — 0.6%
AbbVie, Inc., 4.65%, 3/15/28			1,561,000			1,572,213
AbbVie, Inc., 4.80%, 3/15/29			409,000			413,677
AbbVie, Inc., 4.875%, 3/15/30			1,704,000			1,729,357
						3,715,247
Broadline Retail — 0.5%
Amazon.com, Inc., 4.00%, 3/13/29			2,000,000			1,985,629
Amazon.com, Inc., 4.65%, 12/1/29			1,500,000			1,515,369
						3,500,998
Building Products — 0.5%
Owens Corning, 3.95%, 8/15/29			2,666,000			2,621,496
Trane Technologies Financing Ltd., 3.80%, 3/21/29			521,000			513,497
						3,134,993
Capital Markets — 6.1%
Affiliated Managers Group, Inc., 3.30%, 6/15/30			3,450,000			3,257,847
Ameriprise Financial, Inc., 5.70%, 12/15/28			4,245,000			4,373,227
Ares Management Corp., 6.375%, 11/10/28			943,000			978,689
Blackrock, Inc., 3.25%, 4/30/29			1,000,000			974,537
Blackstone Reg Finance Co. LLC, 4.30%, 11/3/30(1)			3,230,000			3,180,496
Brookfield Finance, Inc., 3.90%, 1/25/28			2,394,000			2,370,552
Cboe Global Markets, Inc., 1.625%, 12/15/30			3,270,000			2,879,381
Charles Schwab Corp., 3.25%, 5/22/29			2,263,000			2,196,735
Deutsche Bank AG, VRN, 6.72%, 1/18/29			1,050,000			1,084,366
Deutsche Bank AG, VRN, 4.47%, 12/10/31			1,000,000			984,141
Goldman Sachs Group, Inc., 2.60%, 2/7/30			517,000			481,939
Goldman Sachs Group, Inc., 3.80%, 3/15/30			567,000			550,235
Goldman Sachs Group, Inc., VRN, 5.05%, 7/23/30			857,000			865,087
Goldman Sachs Group, Inc., VRN, 4.37%, 10/21/31			916,000			897,998
Intercontinental Exchange, Inc., 3.625%, 9/1/28			402,000			395,495
Intercontinental Exchange, Inc., 4.35%, 6/15/29			899,000			896,042

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Intercontinental Exchange, Inc., 2.10%, 6/15/30			3,705,000			3,376,292
Lazard Group LLC, 4.50%, 9/19/28			2,995,000			2,984,643
LPL Holdings, Inc., 5.70%, 5/20/27			2,231,000			2,256,292
Morgan Stanley, VRN, 3.77%, 1/24/29			428,000			422,973
Morgan Stanley, VRN, 5.16%, 4/20/29			960,000			970,045
Morgan Stanley, VRN, 6.41%, 11/1/29			241,000			250,621
Morgan Stanley, VRN, 2.70%, 1/22/31			631,000			587,521
Morgan Stanley, VRN, 3.62%, 4/1/31			1,097,000			1,053,386
S&P Global, Inc., 2.50%, 12/1/29(1)			218,000			204,553
State Street Corp., 4.83%, 4/24/30			2,051,000			2,078,883
						40,551,976
Chemicals — 1.2%
Eastman Chemical Co., 5.00%, 8/1/29			1,721,000			1,737,345
Ecolab, Inc., 1.30%, 1/30/31			1,074,000			928,969
Mosaic Co., 5.375%, 11/15/28			1,870,000			1,900,551
Mosaic Co., 4.35%, 1/15/29			2,270,000			2,250,937
Nutrien Ltd., 4.90%, 3/27/28			294,000			296,486
Nutrien Ltd., 4.20%, 4/1/29			379,000			376,274
RPM International, Inc., 4.55%, 3/1/29			430,000			430,259
						7,920,821
Commercial Services and Supplies — 0.8%
Eaton Capital ULC, 4.45%, 5/9/30			1,125,000			1,122,522
Republic Services, Inc., 4.875%, 4/1/29			219,000			221,894
Republic Services, Inc., 4.75%, 7/15/30			1,575,000			1,590,580
Veralto Corp., 5.35%, 9/18/28			235,000			239,045
Waste Management, Inc., 4.875%, 2/15/29			1,804,000			1,828,953
Waste Management, Inc., 4.65%, 3/15/30			508,000			511,382
						5,514,376
Communications Equipment — 0.5%
Cisco Systems, Inc., 4.85%, 2/26/29			2,794,000			2,836,912
Motorola Solutions, Inc., 5.00%, 4/15/29			715,000			724,550
						3,561,462
Construction Materials — 0.4%
Vulcan Materials Co., 4.95%, 12/1/29			2,732,000			2,767,740
Consumer Finance — 1.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 5.75%, 6/6/28			150,000			153,279
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.15%, 9/30/30			2,150,000			2,253,097
American Express Co., 4.05%, 5/3/29			1,673,000			1,665,301
American Express Co., VRN, 5.28%, 7/27/29			190,000			193,034
American Express Co., VRN, 4.46%, 2/10/32			1,882,000			1,859,646
Capital One Financial Corp., 3.75%, 3/9/27			508,000			506,357
Capital One Financial Corp., 3.80%, 1/31/28			132,000			130,675
Capital One Financial Corp., VRN, 5.47%, 2/1/29			399,000			404,871
Capital One Financial Corp., VRN, 6.31%, 6/8/29			1,521,000			1,569,477
Capital One Financial Corp., VRN, 5.25%, 7/26/30			470,000			477,101
Sumisho Air Lease Corp., 1.875%, 8/15/26			1,295,000			1,287,703
Sumisho Air Lease Corp., 3.625%, 12/1/27			334,000			329,485
						10,830,026
Consumer Staples Distribution & Retail — 0.5%
Dollar Tree, Inc., 4.20%, 5/15/28			421,000			418,625
Kroger Co., 4.50%, 1/15/29			466,000			466,875
Sysco Corp., 5.75%, 1/17/29			151,000			155,380
Target Corp., 3.375%, 4/15/29			2,276,000			2,222,475
						3,263,355

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Containers and Packaging — 0.3%
Amcor Flexibles North America, Inc., 4.80%, 3/17/28			1,755,000			1,765,042
Amcor Flexibles North America, Inc., 5.10%, 3/17/30			362,000			366,708
WRKCo, Inc., 4.90%, 3/15/29			181,000			182,351
						2,314,101
Diversified REITs — 6.5%
Boston Properties LP, 2.75%, 10/1/26			1,130,000			1,125,162
Boston Properties LP, 4.50%, 12/1/28			2,041,000			2,035,752
Brixmor Operating Partnership LP, 3.90%, 3/15/27			350,000			349,028
Brixmor Operating Partnership LP, 4.125%, 5/15/29			2,734,000			2,698,501
Digital Realty Trust LP, 4.45%, 7/15/28			1,123,000			1,122,108
Digital Realty Trust LP, 3.60%, 7/1/29			2,034,000			1,978,054
ERP Operating LP, 2.50%, 2/15/30			1,327,000			1,234,816
Essex Portfolio LP, 3.00%, 1/15/30			3,303,000			3,121,553
Federal Realty OP LP, 3.25%, 7/15/27			462,000			456,295
Federal Realty OP LP, 5.375%, 5/1/28			155,000			157,421
Federal Realty OP LP, 3.20%, 6/15/29			145,000			139,260
Host Hotels & Resorts LP, 3.375%, 12/15/29			1,097,000			1,045,245
Host Hotels & Resorts LP, 3.50%, 9/15/30			2,247,000			2,120,662
Invitation Homes Operating Partnership LP, 2.30%, 11/15/28			1,269,000			1,202,290
Invitation Homes Operating Partnership LP, 5.45%, 8/15/30			1,510,000			1,537,673
Mid-America Apartments LP, 2.75%, 3/15/30			3,863,000			3,628,541
Prologis LP, 4.00%, 9/15/28			689,000			683,847
Prologis LP, 4.375%, 2/1/29			1,375,000			1,375,278
Prologis LP, 1.75%, 7/1/30			1,386,000			1,241,923
Rexford Industrial Realty LP, 5.00%, 6/15/28			937,000			944,851
Simon Property Group LP, 2.45%, 9/13/29			4,364,000			4,091,482
Simon Property Group LP, 4.375%, 10/1/30			1,360,000			1,349,352
Ventas Realty LP, 3.25%, 10/15/26			1,362,000			1,356,827
Ventas Realty LP, 4.40%, 1/15/29			1,851,000			1,843,294
Welltower OP LLC, 4.50%, 7/1/30			3,900,000			3,886,668
WP Carey, Inc., 4.25%, 10/1/26			1,034,000			1,033,999
WP Carey, Inc., 4.65%, 7/15/30			2,004,000			1,997,636
						43,757,518
Diversified Telecommunication Services — 0.4%
AT&T, Inc., 4.35%, 3/1/29			254,000			253,490
Sprint Capital Corp., 6.875%, 11/15/28			1,446,000			1,523,857
Verizon Communications, Inc., 7.75%, 12/1/30			587,000			659,653
						2,437,000
Electric Utilities — 4.1%
AEP Texas, Inc., 5.45%, 5/15/29			1,670,000			1,710,301
American Electric Power Co., Inc., 5.20%, 1/15/29			328,000			333,847
American Electric Power Co., Inc., Series J, 4.30%, 12/1/28			205,000			204,628
CenterPoint Energy Houston Electric LLC, 5.20%, 10/1/28			140,000			142,690
Commonwealth Edison Co., 2.95%, 8/15/27			2,210,000			2,178,900
Constellation Energy Generation LLC, 5.60%, 3/1/28			511,000			520,560
Duke Energy Carolinas LLC, 3.95%, 11/15/28			761,000			754,581
Emera U.S. Finance LP, 3.55%, 6/15/26			2,672,000			2,671,229
Entergy Texas, Inc., 4.00%, 3/30/29			492,000			486,204
Florida Power & Light Co., 5.15%, 6/15/29			255,000			260,691
Interstate Power & Light Co., 4.10%, 9/26/28			150,000			148,824
Interstate Power & Light Co., 3.60%, 4/1/29			465,000			455,209
National Rural Utilities Cooperative Finance Corp., 3.70%, 3/15/29			1,463,000			1,435,484
National Rural Utilities Cooperative Finance Corp., 5.15%, 6/15/29			1,865,000			1,905,304
Nevada Power Co., 3.70%, 5/1/29			621,000			609,186

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NextEra Energy Capital Holdings, Inc., 1.90%, 6/15/28			165,000			157,042
NextEra Energy Capital Holdings, Inc., 3.50%, 4/1/29			887,000			864,943
NSTAR Electric Co., 4.85%, 3/1/30			2,121,000			2,143,845
Oncor Electric Delivery Co. LLC, 5.75%, 3/15/29			1,741,000			1,795,016
Pacific Gas & Electric Co., 5.00%, 6/4/28			345,000			347,480
Pacific Gas & Electric Co., 3.75%, 7/1/28			763,000			749,306
Pacific Gas & Electric Co., 6.10%, 1/15/29			82,000			84,634
Pacific Gas & Electric Co., 5.55%, 5/15/29			1,037,000			1,060,603
PacifiCorp, 5.10%, 2/15/29			295,000			298,548
Public Service Electric & Gas Co., 3.20%, 5/15/29			1,892,000			1,836,018
Southern California Edison Co., 5.25%, 3/15/30			715,000			723,798
Southern Co., 5.50%, 3/15/29			105,000			107,726
Wisconsin Electric Power Co., 5.00%, 5/15/29			1,051,000			1,068,240
Wisconsin Public Service Corp., 4.55%, 12/1/29			2,213,000			2,218,946
						27,273,783
Electronic Equipment, Instruments and Components — 0.6%
Amphenol Corp., 4.125%, 11/15/30			3,610,000			3,550,464
Jabil, Inc., 5.45%, 2/1/29			335,000			340,678
						3,891,142
Energy Equipment and Services — 0.0%
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 3.14%, 11/7/29			185,000			177,612
Financial Services — 1.2%
Block Financial LLC, 2.50%, 7/15/28			109,000			104,057
Corebridge Financial, Inc., 3.85%, 4/5/29			2,270,000			2,219,408
Equitable Holdings, Inc., 4.35%, 4/20/28			740,000			737,300
Fiserv, Inc., 4.20%, 10/1/28			186,000			184,132
Global Payments, Inc., 4.95%, 8/15/27			488,000			489,660
Mastercard, Inc., 2.95%, 6/1/29			3,561,000			3,435,028
UBS AG, 5.65%, 9/11/28			200,000			205,639
Voya Financial, Inc., 3.65%, 6/15/26			344,000			343,888
						7,719,112
Food Products — 1.4%
Conagra Brands, Inc., 7.00%, 10/1/28			1,146,000			1,201,020
Conagra Brands, Inc., 4.85%, 11/1/28			287,000			287,632
General Mills, Inc., 5.50%, 10/17/28			200,000			204,573
General Mills, Inc., 4.875%, 1/30/30			100,000			100,707
J.M. Smucker Co., 5.90%, 11/15/28			150,000			154,907
Kellanova, 2.10%, 6/1/30			3,360,000			3,062,027
Kraft Heinz Foods Co., 4.625%, 1/30/29			680,000			681,131
Mars, Inc., 4.80%, 3/1/30(2)			1,806,000			1,819,330
Mondelez International, Inc., 2.75%, 4/13/30			549,000			513,948
Tyson Foods, Inc., 4.35%, 3/1/29			679,000			676,775
Tyson Foods, Inc., 5.40%, 3/15/29			388,000			396,898
						9,098,948
Ground Transportation — 0.5%
JB Hunt Transport Services, Inc., 4.90%, 3/15/30			2,188,000			2,205,861
Union Pacific Corp., 3.70%, 3/1/29			387,000			381,127
Union Pacific Corp., 2.40%, 2/5/30			561,000			523,100
						3,110,088
Health Care Equipment and Supplies — 0.7%
Abbott Laboratories, 4.00%, 3/15/31			1,500,000			1,467,511
Solventum Corp., 5.45%, 2/25/27			97,000			97,624
Solventum Corp., 5.40%, 3/1/29			412,000			420,261
Zimmer Biomet Holdings, Inc., 5.05%, 2/19/30			2,569,000			2,606,411
						4,591,807

---

Health Care Providers and Services — 2.0%
Cardinal Health, Inc., 5.125%, 2/15/29			1,211,000			1,229,635
Cardinal Health, Inc., 4.50%, 9/15/30			230,000			228,211
Cigna Group, 4.375%, 10/15/28			733,000			732,317
Cigna Group, 5.00%, 5/15/29			507,000			514,781
CVS Health Corp., 5.00%, 1/30/29			408,000			412,797
Elevance Health, Inc., 4.10%, 3/1/28			890,000			885,290
Elevance Health, Inc., 5.15%, 6/15/29			2,019,000			2,050,643
HCA, Inc., 5.20%, 6/1/28			515,000			521,933
HCA, Inc., 4.125%, 6/15/29			1,976,000			1,948,289
HCA, Inc., 5.45%, 4/1/31			186,000			190,224
Humana, Inc., 5.75%, 3/1/28			100,000			101,955
Humana, Inc., 3.70%, 3/23/29			822,000			802,305
Humana, Inc., 4.875%, 4/1/30			1,393,000			1,396,467
IQVIA, Inc., 6.25%, 2/1/29			1,976,000			2,045,524
						13,060,371
Health Care REITs — 0.9%
Alexandria Real Estate Equities, Inc., 3.95%, 1/15/27			150,000			149,678
Alexandria Real Estate Equities, Inc., 4.70%, 7/1/30			1,080,000			1,074,382
Alexandria Real Estate Equities, Inc., 4.90%, 12/15/30			1,869,000			1,872,364
Omega Healthcare Investors, Inc., 4.75%, 1/15/28			329,000			329,658
Omega Healthcare Investors, Inc., 5.20%, 7/1/30			2,348,000			2,364,958
						5,791,040
Hotels, Restaurants and Leisure — 0.6%
Airbnb, Inc., 4.65%, 3/16/31			350,000			350,098
Booking Holdings, Inc., 3.55%, 3/15/28			943,000			930,902
Expedia Group, Inc., 3.80%, 2/15/28			1,313,000			1,298,637
Hyatt Hotels Corp., 4.375%, 9/15/28			250,000			248,682
Hyatt Hotels Corp., 5.25%, 6/30/29			177,000			179,802
Marriott International, Inc., 5.45%, 9/15/26			150,000			150,287
Marriott International, Inc., 5.55%, 10/15/28			350,000			358,579
Marriott International, Inc., 4.625%, 6/15/30			116,000			115,856
Starbucks Corp., 3.55%, 8/15/29			508,000			495,969
						4,128,812
Household Durables — 0.1%
Mohawk Industries, Inc., 5.85%, 9/18/28			696,000			714,796
Industrial Conglomerates — 1.0%
3M Co., 4.80%, 3/15/30			870,000			877,605
Honeywell International, Inc., 2.70%, 8/15/29			534,000			506,290
Pentair Finance SARL, 4.50%, 7/1/29			1,935,000			1,924,628
Siemens Funding BV, 4.60%, 5/28/30(2)			3,275,000			3,291,168
						6,599,691
Insurance — 4.9%
Allstate Corp., 1.45%, 12/15/30			3,920,000			3,414,353
Aon Corp., 3.75%, 5/2/29			1,138,000			1,113,900
Assurant, Inc., 4.90%, 3/27/28			2,615,000			2,623,752
Athene Holding Ltd., 6.15%, 4/3/30			1,360,000			1,413,124
AXIS Specialty Finance LLC, 3.90%, 7/15/29			1,863,000			1,820,043
Chubb INA Holdings LLC, 4.65%, 8/15/29			2,253,000			2,272,139
Equitable Financial Life Global Funding, 5.00%, 3/27/30(2)			2,041,000			2,050,740
Fairfax Financial Holdings Ltd., 4.85%, 4/17/28			1,667,000			1,674,699
Fairfax Financial Holdings Ltd., 4.625%, 4/29/30			500,000			497,836
Fidelity National Financial, Inc., 3.40%, 6/15/30			3,450,000			3,255,175
Lincoln National Corp., 3.80%, 3/1/28			1,357,000			1,340,826
Lincoln National Corp., 3.40%, 1/15/31(1)			340,000			318,936

---

Pacific Life Global Funding II, 4.45%, 5/1/28(2)			1,809,000			1,809,495
Principal Financial Group, Inc., 3.70%, 5/15/29			1,775,000			1,735,738
Progressive Corp., 6.625%, 3/1/29			3,232,000			3,429,022
Progressive Corp., 4.60%, 3/26/31			943,000			943,581
Prudential Funding Asia PLC, 3.125%, 4/14/30			1,555,000			1,480,097
Reinsurance Group of America, Inc., 3.90%, 5/15/29			125,000			122,774
RenaissanceRe Finance, Inc., 3.45%, 7/1/27			1,611,000			1,597,385
						32,913,615
Interactive Media and Services — 0.3%
Meta Platforms, Inc., 4.80%, 5/15/30			135,000			137,015
Meta Platforms, Inc., 4.55%, 5/15/31			1,986,000			1,979,450
						2,116,465
IT Services — 0.4%
IBM International Capital Pte. Ltd., 4.60%, 2/5/29			1,100,000			1,103,618
IBM International Capital Pte. Ltd., 4.75%, 2/5/31			220,000			220,952
International Business Machines Corp., 3.50%, 5/15/29			1,650,000			1,609,001
						2,933,571
Life Sciences Tools and Services — 0.8%
Illumina, Inc., 4.75%, 12/12/30			1,823,000			1,819,600
Thermo Fisher Scientific, Inc., 5.00%, 1/31/29			3,205,000			3,258,612
						5,078,212
Machinery — 1.8%
CNH Industrial Capital LLC, 5.50%, 1/12/29			2,076,000			2,119,781
Cummins, Inc., 4.90%, 2/20/29			1,904,000			1,931,892
Deere & Co., 5.375%, 10/16/29			511,000			529,448
Deere Funding Canada Corp., 4.15%, 10/9/30			164,000			161,583
IDEX Corp., 4.95%, 9/1/29			608,000			614,039
Ingersoll Rand, Inc., 5.18%, 6/15/29			1,563,000			1,594,829
John Deere Capital Corp., 4.50%, 1/16/29			355,000			357,305
John Deere Capital Corp., 2.80%, 7/18/29			338,000			323,026
John Deere Capital Corp., 4.375%, 10/15/30			2,842,000			2,831,609
Otis Worldwide Corp., 5.25%, 8/16/28			143,000			145,496
Otis Worldwide Corp., 2.57%, 2/15/30			188,000			174,970
PACCAR Financial Corp., 4.55%, 5/8/30(1)			1,370,000			1,381,377
						12,165,355
Media — 0.1%
Fox Corp., 4.71%, 1/25/29			446,000			447,600
Metals and Mining — 0.6%
BHP Billiton Finance USA Ltd., 5.10%, 9/8/28			345,000			350,539
BHP Billiton Finance USA Ltd., 5.25%, 9/8/30			1,059,000			1,086,443
Freeport-McMoRan, Inc., 4.25%, 3/1/30			2,260,000			2,226,913
Freeport-McMoRan, Inc., 4.625%, 8/1/30			160,000			159,511
Rio Tinto Finance USA Ltd., 7.125%, 7/15/28			292,000			308,630
						4,132,036
Multi-Utilities — 1.1%
Ameren Corp., 5.00%, 1/15/29			1,367,000			1,383,173
CenterPoint Energy, Inc., 5.40%, 6/1/29			2,279,000			2,333,564
Consumers Energy Co., 4.60%, 5/30/29			1,723,000			1,732,509
Consumers Energy Co., 4.70%, 1/15/30			1,388,000			1,396,922
National Grid PLC, 5.60%, 6/12/28			320,000			326,746
						7,172,914
Oil, Gas and Consumable Fuels — 5.3%
Boardwalk Pipelines LP, 4.45%, 7/15/27			50,000			49,949
BP Capital Markets America, Inc., 3.94%, 9/21/28			610,000			604,478
BP Capital Markets America, Inc., 4.70%, 4/10/29			838,000			844,505

---

BP Capital Markets America, Inc., 4.87%, 11/25/29			1,762,000			1,787,339
Cheniere Energy, Inc., 4.625%, 10/15/28			640,000			639,751
Chevron USA, Inc., 4.69%, 4/15/30			2,398,000			2,422,110
ConocoPhillips Co., 6.95%, 4/15/29			160,000			171,134
ConocoPhillips Co., 4.70%, 1/15/30			3,790,000			3,818,075
DCP Midstream Operating LP, 5.625%, 7/15/27			560,000			565,953
DCP Midstream Operating LP, 5.125%, 5/15/29			1,234,000			1,252,163
Devon Energy Corp., 4.50%, 1/15/30			224,000			223,096
Enbridge, Inc., 6.00%, 11/15/28			170,000			175,902
Enbridge, Inc., 4.20%, 11/20/28			1,823,000			1,810,959
Enbridge, Inc., 5.30%, 4/5/29			495,000			504,840
Enbridge, Inc., 4.50%, 2/15/31			500,000			494,905
Energy Transfer LP, 6.05%, 12/1/26			403,000			405,921
Energy Transfer LP, 5.50%, 6/1/27			849,000			856,582
Energy Transfer LP, 4.00%, 10/1/27			195,000			194,221
Energy Transfer LP, 5.55%, 2/15/28			662,000			673,480
Energy Transfer LP, 4.95%, 5/15/28			431,000			434,525
Enterprise Products Operating LLC, 3.125%, 7/31/29			300,000			288,815
EQT Corp., 5.70%, 4/1/28			1,178,000			1,202,712
Equinor ASA, 3.00%, 4/6/27			100,000			99,242
Equinor ASA, 7.25%, 9/23/27			899,000			935,047
Kinder Morgan, Inc., 5.00%, 2/1/29			774,000			784,385
Kinder Morgan, Inc., 5.15%, 6/1/30			575,000			587,389
MPLX LP, 4.25%, 12/1/27			213,000			212,581
MPLX LP, 4.80%, 2/15/29			1,186,000			1,193,436
ONEOK, Inc., 4.55%, 7/15/28			545,000			545,195
ONEOK, Inc., 5.65%, 11/1/28			939,000			961,526
Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/29			1,215,000			1,173,972
Plains All American Pipeline LP/PAA Finance Corp., 4.70%, 1/15/31			1,966,000			1,956,053
Sabine Pass Liquefaction LLC, 4.20%, 3/15/28			971,000			967,736
Targa Resources Corp., 5.20%, 7/1/27			738,000			744,244
Targa Resources Corp., 6.15%, 3/1/29			808,000			840,881
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.00%, 1/15/28			486,000			486,061
Tennessee Gas Pipeline Co. LLC, 7.00%, 10/15/28			201,000			212,161
Valero Energy Corp., 5.15%, 2/15/30			2,277,000			2,319,494
Williams Cos., Inc., 5.30%, 8/15/28			300,000			305,495
Woodside Finance Ltd., 4.90%, 5/19/28			1,362,000			1,372,353
						35,118,666
Paper and Forest Products — 0.3%
Georgia-Pacific LLC, 7.75%, 11/15/29			1,773,000			1,961,391
Passenger Airlines — 0.0%
Delta Air Lines, Inc., 3.75%, 10/28/29			100,000			96,709
American Airlines Pass-Through Trust, Class AA, 3.58%, 7/15/29			183,647			180,843
United Airlines Pass-Through Trust, Class A, 5.875%, 4/15/29			34,227			34,751
						312,303
Personal Care Products — 0.0%
Estee Lauder Cos., Inc., 4.375%, 5/15/28			150,000			149,950
Pharmaceuticals — 1.8%
Astrazeneca Finance LLC, 4.85%, 2/26/29			1,547,000			1,568,500
Bristol-Myers Squibb Co., 3.40%, 7/26/29			459,000			446,052
Bristol-Myers Squibb Co., 5.10%, 2/22/31			315,000			322,249
Eli Lilly & Co., 3.375%, 3/15/29			280,000			273,983
Eli Lilly & Co., 4.20%, 8/14/29			2,447,000			2,443,908
GlaxoSmithKline Capital PLC, 3.375%, 6/1/29			1,484,000			1,446,000
GlaxoSmithKline Capital, Inc., 4.50%, 4/15/30			529,000			530,976

---

Merck & Co., Inc., 3.40%, 3/7/29			473,000			462,366
Pfizer Investment Enterprises Pte. Ltd., 4.45%, 5/19/28			1,115,000			1,118,437
Pharmacia LLC, 6.60%, 12/1/28			3,000,000			3,157,740
						11,770,211
Professional Services — 0.3%
Paychex, Inc., 5.10%, 4/15/30			1,851,000			1,872,834
Real Estate Management and Development — 0.7%
CBRE Services, Inc., 5.50%, 4/1/29			2,125,000			2,176,752
CBRE Services, Inc., 4.80%, 6/15/30			224,000			224,649
First Industrial LP, 5.25%, 1/15/31			2,067,000			2,093,181
Jones Lang LaSalle, Inc., 6.875%, 12/1/28			451,000			474,121
						4,968,703
Residential REITs — 1.5%
AvalonBay Communities, Inc., 3.30%, 6/1/29			679,000			656,546
AvalonBay Communities, Inc., 2.30%, 3/1/30			1,670,000			1,544,351
AvalonBay Communities, Inc., 4.35%, 12/1/30			916,000			908,629
Camden Property Trust, 4.10%, 10/15/28			1,269,000			1,262,650
Camden Property Trust, 3.15%, 7/1/29			916,000			879,559
Camden Property Trust, 2.80%, 5/15/30			1,182,000			1,105,477
UDR, Inc., 3.50%, 7/1/27			22,000			21,833
UDR, Inc., 4.40%, 1/26/29			1,844,000			1,840,315
UDR, Inc., 3.20%, 1/15/30			1,607,000			1,534,037
						9,753,397
Retail REITs — 0.3%
NNN REIT, Inc., 3.50%, 10/15/27			50,000			49,398
Realty Income Corp., 3.25%, 6/15/29			749,000			722,763
Realty Income Corp., 3.25%, 1/15/31			157,000			147,776
Realty Income Corp., 3.20%, 2/15/31			1,405,000			1,316,566
						2,236,503
Semiconductors and Semiconductor Equipment — 1.6%
Applied Materials, Inc., 4.00%, 1/15/31			101,000			98,971
Broadcom, Inc., 5.05%, 7/12/29			1,240,000			1,261,807
Broadcom, Inc., 4.35%, 2/15/30			1,214,000			1,206,808
Broadcom, Inc., 5.05%, 4/15/30			2,124,000			2,159,670
Intel Corp., 5.125%, 2/10/30			894,000			908,439
KLA Corp., 4.10%, 3/15/29			1,978,000			1,964,837
Marvell Technology, Inc., 4.875%, 6/22/28			165,000			166,418
Marvell Technology, Inc., 5.75%, 2/15/29			2,146,000			2,208,282
QUALCOMM, Inc., 4.50%, 5/20/30			1,016,000			1,021,458
Texas Instruments, Inc., 4.60%, 2/8/29			25,000			25,281
						11,021,971
Software — 0.5%
Atlassian Corp., 5.25%, 5/15/29			309,000			312,613
Intuit, Inc., 5.125%, 9/15/28			325,000			330,087
Salesforce, Inc., 4.50%, 3/15/28			1,882,000			1,884,533
ServiceNow, Inc., 4.25%, 5/15/28			500,000			500,086
						3,027,319
Specialized REITs — 1.5%
American Tower Corp., 5.50%, 3/15/28			323,000			328,648
American Tower Corp., 5.80%, 11/15/28			320,000			329,012
American Tower Corp., 3.95%, 3/15/29			568,000			559,231
American Tower Corp., 5.00%, 1/31/30			205,000			207,382
American Tower Corp., 4.90%, 3/15/30			1,194,000			1,205,202
Crown Castle, Inc., 5.00%, 1/11/28			115,000			115,927
Crown Castle, Inc., 4.80%, 9/1/28			150,000			150,838

---

Crown Castle, Inc., 5.60%, 6/1/29			1,836,000			1,882,389
Public Storage Operating Co., 1.85%, 5/1/28			100,000			95,643
Public Storage Operating Co., 5.125%, 1/15/29(1)			1,066,000			1,087,889
VICI Properties LP, 4.75%, 4/1/28			1,350,000			1,350,359
Weyerhaeuser Co., 4.00%, 11/15/29			2,872,000			2,814,157
						10,126,677
Specialty Retail — 1.1%
AutoZone, Inc., 4.00%, 4/15/30			626,000			612,089
Home Depot, Inc., 4.90%, 4/15/29			585,000			594,611
Home Depot, Inc., 2.95%, 6/15/29			1,471,000			1,415,381
Home Depot, Inc., 4.75%, 6/25/29			1,351,000			1,368,491
Lowe's Cos., Inc., 3.65%, 4/5/29			398,000			389,352
TJX Cos., Inc., 3.875%, 4/15/30			3,280,000			3,227,618
						7,607,542
Technology Hardware, Storage and Peripherals — 0.8%
Apple, Inc., 1.65%, 5/11/30			1,730,000			1,569,338
Dell International LLC/EMC Corp., 4.90%, 10/1/26			488,000			488,592
Dell International LLC/EMC Corp., 4.75%, 4/1/28			902,000			907,388
Dell International LLC/EMC Corp., 5.30%, 10/1/29			714,000			729,552
HP, Inc., 4.00%, 4/15/29			1,821,000			1,791,748
						5,486,618
Textiles, Apparel and Luxury Goods — 0.6%
Ralph Lauren Corp., 2.95%, 6/15/30			4,514,000			4,244,418
Transportation Infrastructure — 0.4%
Aon North America, Inc., 5.15%, 3/1/29			2,358,000			2,396,579
Unknown GS — 0.3%
Asian Development Bank, 2.75%, 1/19/28			1,000,000			980,536
International Bank for Reconstruction & Development, 3.50%, 7/12/28			1,000,000			989,420
						1,969,956
Wireless Telecommunication Services — 0.3%
T-Mobile USA, Inc., 4.80%, 7/15/28			433,000			436,375
T-Mobile USA, Inc., 2.40%, 3/15/29			296,000			279,959
T-Mobile USA, Inc., 3.875%, 4/15/30			824,000			801,971
Vodafone Group PLC, 7.875%, 2/15/30			330,000			366,423
						1,884,728
TOTAL CORPORATE BONDS (Cost $516,842,724)						516,173,887
U.S. TREASURY SECURITIES — 19.2%
U.S. Treasury Notes, 1.50%, 8/15/26			3,550,000			3,533,222
U.S. Treasury Notes, 3.50%, 9/30/26			5,595,000			5,590,389
U.S. Treasury Notes, 1.625%, 10/31/26			6,600,000			6,541,782
U.S. Treasury Notes, 4.125%, 1/31/27			10,500,000			10,521,604
U.S. Treasury Notes, 3.875%, 7/31/27			4,900,000			4,896,746
U.S. Treasury Notes, 0.75%, 1/31/28			1,468,000			1,391,962
U.S. Treasury Notes, 1.25%, 4/30/28			4,484,000			4,258,486
U.S. Treasury Notes, 1.25%, 6/30/28			4,587,800			4,337,353
U.S. Treasury Notes, 1.00%, 7/31/28			6,689,200			6,274,914
U.S. Treasury Notes, 1.25%, 9/30/28			5,390,000			5,059,652
U.S. Treasury Notes, 3.125%, 11/15/28			5,005,700			4,900,404
U.S. Treasury Notes, 1.375%, 12/31/28			6,912,000			6,464,610
U.S. Treasury Notes, 3.50%, 1/15/29			6,920,000			6,827,283
U.S. Treasury Notes, 1.75%, 1/31/29			6,028,300			5,681,555
U.S. Treasury Notes, 1.875%, 2/28/29			1,300,800			1,228,087
U.S. Treasury Notes, 2.375%, 3/31/29			6,990,000			6,679,819
U.S. Treasury Notes, 2.75%, 5/31/29			6,777,000			6,530,275

---

U.S. Treasury Notes, 4.25%, 6/30/29			4,410,000			4,433,773
U.S. Treasury Notes, 2.625%, 7/31/29			5,750,000			5,507,085
U.S. Treasury Notes, 3.875%, 9/30/29			1,720,000			1,709,384
U.S. Treasury Notes, 4.125%, 11/30/29			4,710,000			4,716,347
U.S. Treasury Notes, 0.625%, 8/15/30			6,830,000			5,917,555
U.S. Treasury Notes, 4.375%, 11/30/30			5,712,000			5,769,343
U.S. Treasury Notes, 4.125%, 3/31/31			4,020,000			4,016,938
U.S. Treasury Notes, 1.625%, 5/15/31			5,650,000			5,016,803
TOTAL U.S. TREASURY SECURITIES (Cost $128,423,527)						127,805,371
U.S. GOVERNMENT AGENCY SECURITIES — 1.1%
Federal Farm Credit Banks Funding Corp., 4.375%, 6/23/26			910,000			910,313
FHLB, 1.05%, 8/13/26			500,000			497,241
FHLB, 4.00%, 3/10/27			1,500,000			1,502,443
FHLB, 3.25%, 6/9/28			500,000			492,631
FHLB, 4.00%, 6/30/28			100,000			99,989
FHLB, 3.25%, 11/16/28			150,000			147,606
FHLMC, 0.80%, 10/27/26			685,000			676,559
FHLMC, 6.75%, 3/15/31			500,000			556,750
FNMA, 1.875%, 9/24/26			1,362,000			1,354,113
Tennessee Valley Authority, Series A, 2.875%, 2/1/27			100,000			99,386
Tennessee Valley Authority, 3.875%, 3/15/28			941,000			939,668
TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $7,276,743)						7,276,699
SOVEREIGN GOVERNMENTS AND AGENCIES — 0.5%
Canada — 0.4%
Export Development Canada, 3.00%, 5/25/27			980,000			970,998
Export Development Canada, 3.75%, 9/7/27			990,000			986,915
Export Development Canada, 3.875%, 2/14/28			300,000			299,374
Export Development Canada, 4.125%, 2/13/29			300,000			300,652
						2,557,939
Sweden — 0.1%
Svensk Exportkredit AB, 2.25%, 3/22/27			1,000,000			986,962
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $3,549,072)						3,544,901
SHORT-TERM INVESTMENTS — 0.7%
Money Market Funds — 0.7%
State Street Institutional U.S. Government Money Market Fund, Premier Class			306,472			306,472
State Street Navigator Securities Lending Government Money Market Portfolio(3)			4,325,545			4,325,545
TOTAL SHORT-TERM INVESTMENTS (Cost $4,632,017)						4,632,017
TOTAL INVESTMENT SECURITIES — 98.8% (Cost $660,724,083)						659,432,875
OTHER ASSETS AND LIABILITIES — 1.2%						8,283,789
TOTAL NET ASSETS — 100.0%						$	667,716,664

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NOTES TO SCHEDULE OF INVESTMENTS
FHLB			–			Federal Home Loan Bank
FHLMC			–			Federal Home Loan Mortgage Corp.
FNMA			–			Federal National Mortgage Association
VRN			–			Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown.

(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $4,211,701. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.

(2)Security 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 $8,970,733, which represented 1.3% of total net assets.

(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $4,325,545.

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SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS 

1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause 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.

2. Fair Value Measurements

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

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

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

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

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

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

			Level 1			Level 2			Level 3
Assets
Investment Securities
Corporate Bonds			—			$	516,173,887		—
U.S. Treasury Securities			—			127,805,371			—
U.S. Government Agency Securities			—			7,276,699			—
Sovereign Governments and Agencies			—			3,544,901			—
Short-Term Investments			$	4,632,017		—			—
			$	4,632,017		$	654,800,858		—

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.