American Century Investments®
Quarterly Portfolio Holdings
Avantis® U.S. Quality ETF (AVUQ)
May 31, 2026


Avantis U.S. Quality ETF - Schedule of Investments
MAY 31, 2026 (UNAUDITED) 
Shares
Value ($)
COMMON STOCKS — 99.9%
 
 
Aerospace and Defense — 1.5%
 
 
ATI, Inc.(1)
3,479 609,382 
Boeing Co.(1)
2,635 609,080 
BWX Technologies, Inc.
1,534 300,480 
Carpenter Technology Corp.
894 419,268 
General Electric Co.
4,823 1,561,494 
Intuitive Machines, Inc.(1)
336 14,727 
Lockheed Martin Corp.
391 207,406 
StandardAero, Inc.(1)
72 2,062 
TransDigm Group, Inc.
26 32,716 
Woodward, Inc.
419 146,663 
 
3,903,278 
Automobile Components — 0.1%
 
 
Autoliv, Inc.
732 93,052 
Versigent PLC(1)
261 11,515 
Visteon Corp.
1,013 119,828 
 
224,395 
Automobiles — 0.8%
 
 
Lucid Group, Inc.(1)
514 3,367 
Rivian Automotive, Inc., Class A(1)
1,570 25,591 
Tesla, Inc.(1)
4,571 1,991,996 
 
2,020,954 
Banks — 0.3%
 
 
Axos Financial, Inc.(1)
637 55,362 
Bancorp, Inc.(1)
1,236 68,178 
Bank of America Corp.
3,670 189,372 
Citigroup, Inc.
2,532 318,779 
Esquire Financial Holdings, Inc.
242 26,593 
Huntington Bancshares, Inc.
95 1,554 
International Bancshares Corp.
473 34,132 
Pathward Financial, Inc.
457 37,584 
Popular, Inc.
114 16,932 
Western Alliance Bancorp
533 42,453 
 
790,939 
Beverages — 0.5%
 
 
Boston Beer Co., Inc., Class A(1)
232 41,129 
Coca-Cola Co.
4,315 340,928 
Coca-Cola Consolidated, Inc.
905 156,800 
Molson Coors Beverage Co., Class B
31 1,226 
Monster Beverage Corp.(1)
5,557 489,461 
National Beverage Corp.(1)
886 32,773 
PepsiCo, Inc.
1,204 173,605 
Vita Coco Co., Inc.(1)
18 1,352 
 
 
1,237,274 
Biotechnology — 1.7%
 
 
AbbVie, Inc.
3,813 830,166 
ADMA Biologics, Inc.(1)
411 3,280 
Amgen, Inc.
2,375 799,876 
AnaptysBio, Inc.(1)
66 3,674 
Arrowhead Pharmaceuticals, Inc.(1)
168 13,089 


Aurinia Pharmaceuticals, Inc.(1)
1,664 25,509 
BioCryst Pharmaceuticals, Inc.(1)
937 8,349 
Bridgebio Pharma, Inc.(1)
883 58,508 
Catalyst Pharmaceuticals, Inc.(1)
4,066 126,981 
Cytokinetics, Inc.(1)
173 13,280 
Exelixis, Inc.(1)
8,441 426,102 
First Tracks Biotherapeutics, Inc.(1)
66 1,053 
Gilead Sciences, Inc.
5,851 786,550 
Halozyme Therapeutics, Inc.(1)
123 8,184 
ImmunityBio, Inc.(1)(2)
1,163 8,746 
Incyte Corp.(1)
734 71,007 
MannKind Corp.(1)
1,330 5,014 
MiMedx Group, Inc.(1)
2,844 10,466 
Moderna, Inc.(1)
1,096 51,720 
Monte Rosa Therapeutics, Inc.(1)
222 4,376 
Neurocrine Biosciences, Inc.(1)
82 12,981 
Novavax, Inc.(1)(2)
529 5,803 
PTC Therapeutics, Inc.(1)
273 20,161 
Rhythm Pharmaceuticals, Inc.(1)
24 2,120 
Roivant Sciences Ltd.(1)
321 9,627 
Syndax Pharmaceuticals, Inc.(1)
204 3,996 
Ultragenyx Pharmaceutical, Inc.(1)
129 3,088 
United Therapeutics Corp.(1)
311 173,171 
UroGen Pharma Ltd.(1)
163 4,585 
Vertex Pharmaceuticals, Inc.(1)
1,833 820,341 
 
 
4,311,803 
Broadline Retail — 6.0%
 
 
Amazon.com, Inc.(1)
55,807 15,103,606 
Coupang, Inc.(1)
15,545 258,047 
Etsy, Inc.(1)
543 36,881 
 
 
15,398,534 
Building Products — 0.7%
 
 
Advanced Drainage Systems, Inc.
2,300 320,068 
Armstrong World Industries, Inc.
1,389 219,323 
Carlisle Cos., Inc.
8 2,759 
Griffon Corp.
230 20,235 
Lennox International, Inc.
807 405,243 
Masterbrand, Inc.(1)
33 286 
Simpson Manufacturing Co., Inc.
889 168,679 
Trane Technologies PLC
1,102 497,333 
Trex Co., Inc.(1)
2,308 95,551 
UFP Industries, Inc.
11 891 
 
 
1,730,368 
Capital Markets — 1.5%
 
 
Acadian Asset Management, Inc.
947 68,478 
Ameriprise Financial, Inc.
2,218 988,585 
Bank of New York Mellon Corp.
720 100,390 
BGC Group, Inc., Class A
5,206 54,403 
Blackstone, Inc.
456 53,338 
Charles Schwab Corp.
6,295 549,868 
Cohen & Steers, Inc.
354 24,709 
Coinbase Global, Inc., Class A(1)
274 51,794 
Evercore, Inc., Class A
83 28,291 
FactSet Research Systems, Inc.
24 5,891 
Galaxy Digital, Inc., Class A(1)(2)
4,968 146,954 


Goldman Sachs Group, Inc.
140 143,578 
KKR & Co., Inc.
687 65,911 
Lazard, Inc.
290 13,726 
LPL Financial Holdings, Inc.
2,216 606,674 
MarketAxess Holdings, Inc.
658 85,566 
Moody's Corp.
718 325,434 
MSCI, Inc.
145 91,550 
Robinhood Markets, Inc., Class A(1)
3,460 326,278 
StoneX Group, Inc.(1)
601 68,123 
 
 
3,799,541 
Chemicals — 0.4%
 
 
Albemarle Corp.
535 94,385 
Cabot Corp.
552 48,305 
Hawkins, Inc.
441 68,254 
LyondellBasell Industries NV, Class A
29 1,933 
Mosaic Co.
153 3,657 
NewMarket Corp.
309 239,036 
Olin Corp.
1,973 51,041 
PPG Industries, Inc.
14 1,582 
Sherwin-Williams Co.
781 237,299 
Solstice Advanced Materials, Inc.
4,201 353,850 
 
 
1,099,342 
Commercial Services and Supplies — 0.3%
 
 
Cimpress PLC(1)
64 6,308 
Cintas Corp.
2,084 356,906 
Copart, Inc.(1)
11,022 361,191 
Liquidity Services, Inc.(1)
542 19,626 
Rollins, Inc.
1,713 81,539 
Veralto Corp.
31 2,549 
Waste Management, Inc.
303 64,072 
 
 
892,191 
Communications Equipment — 1.0%
 
 
Arista Networks, Inc.(1)
7,290 1,162,536 
Ciena Corp.(1)
937 543,676 
F5, Inc.(1)
2 767 
Harmonic, Inc.(1)
4,525 68,373 
Motorola Solutions, Inc.
1,161 468,208 
Ubiquiti, Inc.
76 44,373 
Viasat, Inc.(1)
1,876 151,243 
Vistance Networks, Inc.(1)
1,182 14,751 
 
 
2,453,927 
Construction and Engineering — 1.4%
 
 
Ameresco, Inc., Class A(1)
409 14,716 
Argan, Inc.
533 355,522 
Centuri Holdings, Inc.(1)
479 14,724 
Comfort Systems USA, Inc.
626 1,144,460 
EMCOR Group, Inc.
907 749,926 
Fluor Corp.(1)
1,452 66,444 
Granite Construction, Inc.(2)
1,385 189,523 
IES Holdings, Inc.(1)
243 164,839 
MasTec, Inc.(1)
176 66,593 
MYR Group, Inc.(1)
491 228,344 
Primoris Services Corp.
1,744 219,360 
Sterling Infrastructure, Inc.(1)
181 155,812 
Tutor Perini Corp.
809 57,835 


Valmont Industries, Inc.
492 255,747 
 
 
3,683,845 
Construction Materials — 0.2%
 
 
Eagle Materials, Inc.
1,202 265,858 
U.S. Lime & Minerals, Inc.
425 48,446 
Vulcan Materials Co.
686 194,083 
 
 
508,387 
Consumer Finance — 0.4%
 
 
Ally Financial, Inc.
938 40,156 
American Express Co.
2,340 740,540 
Atlanticus Holdings Corp.(1)
79 6,811 
Credit Acceptance Corp.(1)(2)
11 6,310 
Dave, Inc.(1)
376 106,243 
LendingClub Corp.(1)
2,363 42,180 
NerdWallet, Inc., Class A(1)
626 5,384 
SLM Corp.
479 10,595 
SoFi Technologies, Inc.(1)
9,429 171,796 
Upstart Holdings, Inc.(1)(2)
36 1,216 
 
 
1,131,231 
Consumer Staples Distribution & Retail — 2.2%
 
 
BJ's Wholesale Club Holdings, Inc.(1)
4,320 368,410 
Casey's General Stores, Inc.
731 560,779 
Costco Wholesale Corp.
3,054 2,920,601 
Maplebear, Inc.(1)
4,151 165,210 
Sprouts Farmers Market, Inc.(1)
3,604 297,762 
Sysco Corp.
2,050 155,411 
U.S. Foods Holding Corp.(1)
48 3,929 
United Natural Foods, Inc.(1)
1,400 71,890 
Walmart, Inc.
9,524 1,102,403 
 
 
5,646,395 
Containers and Packaging — 0.0%
 
 
AptarGroup, Inc.
887 102,759 
Distributors — 0.0%
 
 
GigaCloud Technology, Inc., Class A(1)
448 16,146 
LKQ Corp.
107 2,902 
 
 
19,048 
Diversified Consumer Services — 0.2%
 
 
Bright Horizons Family Solutions, Inc.(1)
24 1,503 
Covista, Inc.(1)
718 84,580 
Grand Canyon Education, Inc.(1)
1,090 163,336 
H&R Block, Inc.
295 11,355 
Laureate Education, Inc., Class A(1)
3,719 118,971 
Liberty Live Holdings, Inc., Class A(1)
159 15,315 
Liberty Live Holdings, Inc., Class C(1)
491 48,658 
Stride, Inc.(1)
802 74,089 
Universal Technical Institute, Inc.(1)
2,046 76,541 
 
 
594,348 
Diversified Telecommunication Services — 0.2%
 
 
Comcast Corp., Class A
1 25 
Globalstar, Inc.(1)
1,832 154,273 
IDT Corp., Class B
79 4,358 
Iridium Communications, Inc.
4,296 222,447 
Liberty Capital Corp., Class C(1)
98 2,192 
Liberty Global Ltd., Class A(1)
52 651 
Liberty Global Ltd., Class C(1)
45 547 


Lumen Technologies, Inc.(1)
1,350 14,836 
 
 
399,329 
Electric Utilities — 0.3%
 
 
Constellation Energy Corp.
1,128 324,582 
Edison International
24 1,678 
NRG Energy, Inc.
2,350 315,088 
PG&E Corp.
294 4,804 
 
 
646,152 
Electrical Equipment — 1.4%
 
 
Eos Energy Enterprises, Inc.(1)(2)
1,166 9,829 
GE Vernova, Inc.
2,309 2,235,851 
Nextpower, Inc., Class A(1)
1,439 225,060 
NuScale Power Corp.(1)
105 1,330 
Preformed Line Products Co.
24 8,876 
Rockwell Automation, Inc.
20 9,021 
Vertiv Holdings Co., Class A
3,448 1,088,568 
 
 
3,578,535 
Electronic Equipment, Instruments and Components — 0.6%
 
 
Aeva Technologies, Inc.(1)
122 3,438 
Amphenol Corp., Class A
5,648 840,197 
Arlo Technologies, Inc.(1)
826 11,019 
CDW Corp.
11 1,380 
Daktronics, Inc.(1)
647 13,380 
Insight Enterprises, Inc.(1)
782 83,189 
IPG Photonics Corp.(1)(2)
15 1,718 
Jabil, Inc.
1,724 628,501 
Mirion Technologies, Inc.(1)
165 3,016 
Napco Security Technologies, Inc.
578 21,692 
Vishay Intertechnology, Inc.
350 18,218 
Vontier Corp.
13 369 
 
 
1,626,117 
Energy Equipment and Services — 0.9%
 
 
Archrock, Inc.
3,713 124,348 
Expro Group Holdings NV(1)
1,131 16,705 
Helix Energy Solutions Group, Inc.(1)
602 5,629 
Innovex International, Inc.(1)
1,356 36,219 
Liberty Energy, Inc., Class A
2,326 68,059 
Nabors Industries Ltd.(1)
513 47,519 
Oceaneering International, Inc.(1)
4,439 169,703 
Patterson-UTI Energy, Inc.
5,445 61,038 
Seadrill Ltd.(1)
53 2,500 
Select Water Solutions, Inc., Class A
3,805 68,224 
SLB Ltd.
1,204 65,678 
Solaris Energy Infrastructure, Inc., Class A
1,302 90,541 
TechnipFMC PLC
13,933 953,296 
TETRA Technologies, Inc.(1)
5,683 58,137 
Tidewater, Inc.(1)
503 36,965 
Transocean Ltd.(1)
1,935 11,978 
Valaris Ltd.(1)
1,057 97,910 
Weatherford International PLC
2,738 283,766 
 
2,198,215 
Entertainment — 1.4%
 
 
Electronic Arts, Inc.
15 3,026 
IMAX Corp.(1)
1,757 69,718 
Lionsgate Studios Corp.(1)
851 12,212 


Live Nation Entertainment, Inc.(1)
1,395 234,932 
Madison Square Garden Entertainment Corp.(1)
814 57,411 
Madison Square Garden Sports Corp.(1)
45 16,843 
Marcus Corp.
229 4,330 
Netflix, Inc.(1)
34,694 2,984,378 
ROBLOX Corp., Class A(1)
2,513 118,488 
Sphere Entertainment Co.(1)
36 4,985 
Take-Two Interactive Software, Inc.(1)
747 167,448 
 
 
3,673,771 
Financial Services — 2.8%
 
 
Apollo Global Management, Inc.
2,390 307,617 
Block, Inc.(1)
1,534 116,154 
Corpay, Inc.(1)
8 2,894 
Equitable Holdings, Inc.
1,850 76,498 
Euronet Worldwide, Inc.(1)
832 60,303 
Mastercard, Inc., Class A
4,987 2,463,478 
Payoneer Global, Inc.(1)
275 1,430 
PayPal Holdings, Inc.
57 2,551 
Remitly Global, Inc.(1)
54 1,081 
Sezzle, Inc.(1)
96 11,342 
Toast, Inc., Class A(1)
162 4,217 
Visa, Inc., Class A
12,457 4,065,467 
 
 
7,113,032 
Food Products — 0.1%
 
 
Darling Ingredients, Inc.(1)
140 8,274 
Hershey Co.
334 64,806 
Marzetti Co.
387 43,321 
Pilgrim's Pride Corp.
1,580 44,730 
Simply Good Foods Co.(1)
421 4,850 
Vital Farms, Inc.(1)
225 2,252 
 
 
168,233 
Ground Transportation — 0.8%
 
 
Avis Budget Group, Inc.(1)
50 8,792 
Covenant Logistics Group, Inc.
133 5,280 
Heartland Express, Inc.
580 8,694 
Landstar System, Inc.
502 103,864 
Lyft, Inc., Class A(1)
10,785 152,176 
Old Dominion Freight Line, Inc.
372 83,756 
Ryder System, Inc.
674 169,073 
Saia, Inc.(1)
519 245,160 
Uber Technologies, Inc.(1)
10,821 761,799 
U-Haul Holding Co.(1)(2)
15 868 
U-Haul Holding Co.
796 41,408 
Union Pacific Corp.
860 225,870 
Werner Enterprises, Inc.
632 26,234 
XPO, Inc.(1)
1,091 233,747 
 
 
2,066,721 
Health Care Equipment and Supplies — 0.8%
 
 
Dexcom, Inc.(1)
11,239 828,764 
Globus Medical, Inc., Class A(1)
37 3,030 
Haemonetics Corp.(1)
1,979 134,196 
IDEXX Laboratories, Inc.(1)
915 515,630 
Insulet Corp.(1)
43 6,232 
Intuitive Surgical, Inc.(1)
1,411 599,167 
Masimo Corp.(1)
3 535 


ResMed, Inc.
281 53,550 
TransMedics Group, Inc.(1)(2)
490 32,928 
 
 
2,174,032 
Health Care Providers and Services — 0.6%
 
 
Acadia Healthcare Co., Inc.(1)(2)
198 4,594 
Alignment Healthcare, Inc.(1)
1,621 24,834 
Brookdale Senior Living, Inc.(1)
442 5,688 
Cardinal Health, Inc.
394 77,539 
Cencora, Inc.
1,682 453,063 
Centene Corp.(1)
53 3,159 
Cigna Group
1 277 
CorVel Corp.(1)
432 26,676 
DaVita, Inc.(1)
124 24,101 
Encompass Health Corp.
2,314 244,937 
Ensign Group, Inc.
1,272 213,251 
Guardant Health, Inc.(1)
488 63,289 
Guardian Pharmacy Services, Inc., Class A(1)
223 8,639 
HCA Healthcare, Inc.
130 49,210 
McKesson Corp.
304 225,702 
Nutex Health, Inc.(1)(2)
107 13,815 
Privia Health Group, Inc.(1)
51 1,097 
Progyny, Inc.(1)
1,821 46,545 
UnitedHealth Group, Inc.
1 380 
 
 
1,486,796 
Health Care Technology — 0.0%
 
 
Teladoc Health, Inc.(1)
1,783 13,569 
Veeva Systems, Inc., Class A(1)
533 92,923 
Waystar Holding Corp.(1)
48 956 
 
 
107,448 
Hotels, Restaurants and Leisure — 3.2%
 
 
Accel Entertainment, Inc.(1)
5,723 68,046 
Airbnb, Inc., Class A(1)
4,485 597,895 
BJ's Restaurants, Inc.(1)
962 45,262 
Booking Holdings, Inc.
1,447 242,271 
Boyd Gaming Corp.
2,176 179,912 
Brinker International, Inc.(1)
1,498 213,285 
Carnival Corp. Ltd.
32,408 909,368 
Cheesecake Factory, Inc.
1,920 126,797 
Chipotle Mexican Grill, Inc.(1)
31,299 997,186 
Choice Hotels International, Inc.
528 57,489 
Churchill Downs, Inc.
998 87,036 
Darden Restaurants, Inc.
1,640 334,412 
Domino's Pizza, Inc.
13 4,038 
Expedia Group, Inc.
1,093 246,788 
Hilton Worldwide Holdings, Inc.
590 193,319 
Las Vegas Sands Corp.
3,847 194,543 
Life Time Group Holdings, Inc.(1)
3,332 110,223 
Lindblad Expeditions Holdings, Inc.(1)
211 4,842 
Marriott International, Inc., Class A
554 208,082 
McDonald's Corp.
61 17,031 
Monarch Casino & Resort, Inc.
493 59,288 
Norwegian Cruise Line Holdings Ltd.(1)
16,778 307,709 
Planet Fitness, Inc., Class A(1)
217 11,612 
Pursuit Attractions & Hospitality, Inc.(1)
545 24,400 
Red Rock Resorts, Inc., Class A
1,227 71,632 


Royal Caribbean Cruises Ltd.
5,623 1,600,474 
Rush Street Interactive, Inc.(1)
2,387 60,487 
Shake Shack, Inc., Class A(1)
1,102 70,870 
Starbucks Corp.
359 35,598 
Target Hospitality Corp.(1)
467 8,107 
Texas Roadhouse, Inc.
2,159 389,959 
Travel & Leisure Co.
515 35,020 
United Parks & Resorts, Inc.(1)(2)
86 3,451 
Viking Holdings Ltd.(1)
5,296 487,815 
Wingstop, Inc.
68 10,673 
Wynn Resorts Ltd.
231 23,382 
Yum! Brands, Inc.
308 45,569 
 
 
8,083,871 
Household Durables — 0.1%
 
 
Green Brick Partners, Inc.(1)
386 25,962 
Installed Building Products, Inc.
294 61,734 
Lennar Corp., B Shares
1 88 
Mohawk Industries, Inc.(1)
14 1,504 
SharkNinja, Inc.(1)
3 366 
Sonos, Inc.(1)
1,037 16,364 
Toll Brothers, Inc.
704 97,532 
 
 
203,550 
Household Products — 0.2%
 
 
Colgate-Palmolive Co.
4,237 381,881 
Kimberly-Clark Corp.
1,086 105,993 
Oil-Dri Corp. of America
254 19,472 
 
 
507,346 
Independent Power and Renewable Electricity Producers — 0.4%
 
 
Hallador Energy Co.(1)
1,102 21,225 
Ormat Technologies, Inc.
69 9,469 
Talen Energy Corp.(1)
1,129 436,697 
Vistra Corp.
3,450 552,793 
 
 
1,020,184 
Industrial Conglomerates — 0.0%
 
 
3M Co.
204 31,239 
Insurance — 0.6%
 
 
Bowhead Specialty Holdings, Inc.(1)
106 2,822 
Erie Indemnity Co., Class A(2)
360 76,705 
Everest Group Ltd.
115 37,264 
Goosehead Insurance, Inc., Class A(1)
45 1,548 
HCI Group, Inc.
385 59,317 
Heritage Insurance Holdings, Inc.(1)
483 10,471 
Kinsale Capital Group, Inc.
538 163,966 
Markel Group, Inc.(1)
43 78,070 
Oscar Health, Inc., Class A(1)
5,330 118,486 
Palomar Holdings, Inc.(1)
950 101,688 
Primerica, Inc.
531 143,354 
Progressive Corp.
1,382 263,133 
RenaissanceRe Holdings Ltd.
826 231,569 
Root, Inc., Class A(1)
47 2,447 
Skyward Specialty Insurance Group, Inc.(1)
1,148 50,650 
Tiptree, Inc.
164 2,991 
Trupanion, Inc.(1)
291 6,350 
White Mountains Insurance Group Ltd.
31 64,009 
 
 
1,414,840 


Interactive Media and Services — 9.7%
 
 
Alphabet, Inc., Class A
20,427 7,769,205 
Alphabet, Inc., Class C
16,463 6,197,167 
Cargurus, Inc.(1)
3,726 111,259 
Cars.com, Inc.(1)
1,384 14,228 
EverQuote, Inc., Class A(1)
818 15,738 
Meta Platforms, Inc., Class A
16,790 10,619,843 
Reddit, Inc., Class A(1)
18 3,168 
Yelp, Inc.(1)
1,594 36,343 
 
 
24,766,951 
IT Services — 0.1%
 
 
Akamai Technologies, Inc.(1)
34 5,084 
CoreWeave, Inc., Class A(1)
526 57,613 
DigitalOcean Holdings, Inc.(1)
49 7,642 
Kyndryl Holdings, Inc.(1)
10,029 125,062 
VeriSign, Inc.
155 44,234 
Whitefiber, Inc.(1)
333 9,903 
 
 
249,538 
Leisure Products — 0.1%
 
 
Acushnet Holdings Corp.
348 30,895 
Peloton Interactive, Inc., Class A(1)
1,470 9,408 
YETI Holdings, Inc.(1)
2,641 126,689 
 
 
166,992 
Life Sciences Tools and Services — 0.1%
 
 
Mettler-Toledo International, Inc.(1)
45 53,126 
Sotera Health Co.(1)
93 1,454 
Tempus AI, Inc., Class A(1)
36 1,817 
Waters Corp.(1)
168 64,440 
West Pharmaceutical Services, Inc.
315 101,685 
 
 
222,522 
Machinery — 0.9%
 
 
Atmus Filtration Technologies, Inc.
369 17,262 
Blue Bird Corp.(1)
1,679 113,786 
Caterpillar, Inc.
1,949 1,707,071 
Illinois Tool Works, Inc.
722 178,536 
ITT, Inc.
348 67,860 
Lindsay Corp.
445 48,634 
Mueller Water Products, Inc., Class A
4,465 112,563 
Oshkosh Corp.
328 42,640 
Stanley Black & Decker, Inc.
1 79 
Symbotic, Inc.(1)
286 13,277 
Terex Corp.
728 42,355 
 
 
2,344,063 
Marine Transportation — 0.0%
 
 
Kirby Corp.(1)
156 21,932 
Media — 0.1%
 
 
Clear Channel Outdoor Holdings, Inc.(1)
1,471 3,545 
New York Times Co., Class A
1,834 137,935 
News Corp., Class A
84 2,193 
News Corp., Class B
83 2,475 
Trade Desk, Inc., Class A(1)
4,102 88,439 
Versant Media Group, Inc.
1 43 
 
 
234,630 
Metals and Mining — 0.5%
 
 
Coeur Mining, Inc.
83 1,604 


Commercial Metals Co.
7 532 
Compass Minerals International, Inc.(1)
1,531 48,869 
Freeport-McMoRan, Inc.
12,569 825,909 
Hecla Mining Co.
5,217 92,706 
McEwen, Inc.(1)
538 11,777 
Metallus, Inc.(1)
137 2,692 
Perpetua Resources Corp.(1)
51 1,381 
Royal Gold, Inc.
573 128,627 
Ryerson Holding Corp.
323 9,238 
Steel Dynamics, Inc.
137 35,640 
USA Rare Earth, Inc.(1)(2)
75 2,101 
 
 
1,161,076 
Oil, Gas and Consumable Fuels — 1.3%
 
 
Antero Resources Corp.(1)
4,250 151,938 
BKV Corp.(1)
181 4,804 
Calumet, Inc.(1)
351 12,450 
Cheniere Energy, Inc.
5,666 1,274,057 
Comstock Resources, Inc.(1)(2)
2,558 34,098 
Core Natural Resources, Inc.
78 6,898 
CVR Energy, Inc.
620 20,596 
DT Midstream, Inc.
19 2,660 
EQT Corp.
4,920 270,256 
Kosmos Energy Ltd.(1)
2,470 6,916 
Magnolia Oil & Gas Corp., Class A
4,222 115,514 
Occidental Petroleum Corp.
67 3,794 
Par Pacific Holdings, Inc.(1)
2,244 126,023 
Peabody Energy Corp.
3,307 89,454 
Phillips 66
383 67,362 
REX American Resources Corp.(1)
344 16,086 
Riley Exploration Permian, Inc.
113 3,758 
Talos Energy, Inc.(1)
2,942 43,159 
Targa Resources Corp.
2,901 739,958 
Texas Pacific Land Corp.
820 322,260 
Williams Cos., Inc.
1,229 87,738 
 
 
3,399,779 
Paper and Forest Products — 0.0%
 
 
Louisiana-Pacific Corp.
932 71,186 
Sylvamo Corp.
3 118 
 
 
71,304 
Passenger Airlines — 0.0%
 
 
Alaska Air Group, Inc.(1)
787 36,218 
Allegiant Travel Co.(1)
148 13,558 
American Airlines Group, Inc.(1)
87 1,274 
Frontier Group Holdings, Inc.(1)
442 2,674 
SkyWest, Inc.(1)
295 25,267 
Southwest Airlines Co.
848 36,421 
 
 
115,412 
Personal Care Products — 0.0%
 
 
BellRing Brands, Inc.(1)
200 1,672 
Interparfums, Inc.
228 21,516 
 
23,188 
Pharmaceuticals — 2.1%
 
 
Amphastar Pharmaceuticals, Inc.(1)
448 8,445 
ANI Pharmaceuticals, Inc.(1)
267 20,962 
Bristol-Myers Squibb Co.
2,894 165,479 


Collegium Pharmaceutical, Inc.(1)
1,327 44,600 
Eli Lilly & Co.
3,961 4,376,905 
Harmony Biosciences Holdings, Inc.(1)
671 21,197 
Harrow, Inc.(1)(2)
860 30,281 
Indivior Pharmaceuticals, Inc.(1)
338 12,175 
Jazz Pharmaceuticals PLC(1)
1,679 397,067 
Phathom Pharmaceuticals, Inc.(1)
205 1,966 
Prestige Consumer Healthcare, Inc.(1)
1,017 48,338 
Tarsus Pharmaceuticals, Inc.(1)
18 1,069 
Xeris Biopharma Holdings, Inc.(1)
216 1,330 
Zoetis, Inc.
3,475 269,973 
 
 
5,399,787 
Professional Services — 0.6%
 
 
Amentum Holdings, Inc.(1)
2 46 
Automatic Data Processing, Inc.
3,104 688,591 
Barrett Business Services, Inc.
39 1,269 
Broadridge Financial Solutions, Inc.
710 109,141 
CRA International, Inc.
306 42,458 
ExlService Holdings, Inc.(1)
666 19,334 
Exponent, Inc.
48 2,799 
Genpact Ltd.
3,288 108,340 
Innodata, Inc.(1)
19 1,995 
Paychex, Inc.
280 27,154 
Paycom Software, Inc.
747 104,334 
Paylocity Holding Corp.(1)
865 99,414 
Planet Labs PBC(1)
406 20,763 
TIC Solutions, Inc.(1)
420 3,431 
UL Solutions, Inc., Class A
1,450 144,275 
Upwork, Inc.(1)
5,390 47,540 
Verisk Analytics, Inc.
1,035 181,115 
 
 
1,601,999 
Real Estate Management and Development — 0.1%
 
 
CBRE Group, Inc., Class A(1)
969 121,164 
Forestar Group, Inc.(1)
46 1,264 
Howard Hughes Holdings, Inc.(1)
1,016 64,363 
Opendoor Technologies, Inc.(1)
8,381 42,240 
 
 
229,031 
Semiconductors and Semiconductor Equipment — 23.1%
 
 
ACM Research, Inc., Class A(1)
33 2,856 
Advanced Micro Devices, Inc.(1)
9,822 5,069,134 
Applied Materials, Inc.
2,954 1,329,477 
AXT, Inc.(1)
5 516 
Broadcom, Inc.
26,843 11,992,647 
Cirrus Logic, Inc.(1)
526 89,394 
Diodes, Inc.(1)
242 25,487 
First Solar, Inc.(1)
995 305,256 
KLA Corp.
1,373 2,638,508 
Lam Research Corp.
15,941 5,072,107 
Marvell Technology, Inc.
346 70,930 
Monolithic Power Systems, Inc.
4 6,265 
NVIDIA Corp.
146,851 31,006,331 
NXP Semiconductors NV
10 3,214 
Power Integrations, Inc.
100 8,400 
QUALCOMM, Inc.
2,742 688,297 
Rigetti Computing, Inc.(1)
165 4,214 


SkyWater Technology, Inc.(1)
1,616 62,992 
SolarEdge Technologies, Inc.(1)(2)
525 40,084 
Teradyne, Inc.
36 13,475 
Texas Instruments, Inc.
2,869 876,996 
 
 
59,306,580 
Software — 11.4%
 
 
A10 Networks, Inc.
1,909 57,537 
Adobe, Inc.(1)
2,929 759,226 
Alarm.com Holdings, Inc.(1)
1,343 60,583 
Appian Corp., Class A(1)
164 3,838 
AppLovin Corp., Class A(1)
1,761 1,079,652 
Atlassian Corp., Class A(1)
57 6,134 
Aurora Innovation, Inc.(1)
627 4,602 
Autodesk, Inc.(1)
1,082 250,277 
Blend Labs, Inc., Class A(1)
907 1,624 
Box, Inc., Class A(1)
743 20,031 
Braze, Inc., Class A(1)
60 1,538 
Cipher Digital, Inc.(1)(2)
17 402 
Circle Internet Group, Inc.(1)
153 17,289 
Cleanspark, Inc.(1)
2,295 41,976 
Clear Secure, Inc., Class A
3,140 174,113 
Crowdstrike Holdings, Inc., Class A(1)
39 28,509 
Docusign, Inc.(1)
2,101 110,345 
Dropbox, Inc., Class A(1)(2)
1,018 27,364 
D-Wave Quantum, Inc.(1)
63 1,899 
Dynatrace, Inc.(1)
102 4,344 
Fair Isaac Corp.(1)
111 138,815 
Fortinet, Inc.(1)
11,401 1,572,996 
Guidewire Software, Inc.(1)
30 4,580 
InterDigital, Inc.
1,067 268,980 
Klaviyo, Inc., Class A(1)
60 950 
Manhattan Associates, Inc.(1)
1,447 217,122 
Microsoft Corp.
40,988 18,454,437 
NextNav, Inc.(1)(2)
453 9,341 
Nutanix, Inc., Class A(1)
2,625 136,684 
Oracle Corp.
10,292 2,323,728 
Pagaya Technologies Ltd., Class A(1)(2)
540 8,165 
Palantir Technologies, Inc., Class A(1)
13,671 2,140,058 
Palo Alto Networks, Inc.(1)
376 105,915 
Pegasystems, Inc.
3,085 110,227 
Porch Group, Inc.(1)
298 3,105 
Qualys, Inc.(1)
1,474 161,093 
RingCentral, Inc., Class A
462 20,009 
Roper Technologies, Inc.
1 326 
Rubrik, Inc., Class A(1)
915 71,946 
Salesforce, Inc.
25 4,778 
ServiceNow, Inc.(1)
5,244 652,196 
Strategy, Inc., Class A(1)
1,342 213,499 
Workiva, Inc.(1)
197 9,807 
Zeta Global Holdings Corp., Class A(1)
132 3,021 
 
 
29,283,061 
Specialty Retail — 2.8%
 
 
Abercrombie & Fitch Co., Class A(1)
1,743 134,595 
Arhaus, Inc.
1,416 9,586 
AutoNation, Inc.(1)
937 175,894 


AutoZone, Inc.(1)
53 155,565 
Build-A-Bear Workshop, Inc.(2)
96 3,572 
Burlington Stores, Inc.(1)
1,936 626,935 
Chewy, Inc., Class A(1)
3,873 87,297 
Five Below, Inc.(1)
1,620 368,323 
Floor & Decor Holdings, Inc., Class A(1)
1,542 79,259 
Home Depot, Inc.
4,007 1,270,780 
Lithia Motors, Inc.
74 21,526 
MarineMax, Inc.(1)
125 4,305 
Murphy USA, Inc.
648 327,907 
O'Reilly Automotive, Inc.(1)
2,638 229,189 
RealReal, Inc.(1)
465 4,483 
RH(1)
22 3,267 
Ross Stores, Inc.
3,937 912,321 
Signet Jewelers Ltd.
724 63,270 
Sonic Automotive, Inc., Class A
60 4,957 
TJX Cos., Inc.
9,114 1,410,392 
Tractor Supply Co.
13,935 439,371 
Ulta Beauty, Inc.(1)
1,351 687,456 
Warby Parker, Inc., Class A(1)
54 1,324 
Wayfair, Inc., Class A(1)
173 12,501 
Williams-Sonoma, Inc.
546 111,149 
Winmark Corp.(2)
7 2,650 
 
 
7,147,874 
Technology Hardware, Storage and Peripherals — 11.8%
 
 
Apple, Inc.
93,843 29,284,647 
Dell Technologies, Inc., Class C
244 102,702 
Diebold Nixdorf, Inc.(1)(2)
567 46,006 
Hewlett Packard Enterprise Co.
110 4,734 
HP, Inc.
173 4,678 
IonQ, Inc.(1)(2)
108 7,784 
NetApp, Inc.
770 134,203 
Sandisk Corp.(1)
394 667,822 
Super Micro Computer, Inc.(1)
909 41,896 
 
 
30,294,472 
Textiles, Apparel and Luxury Goods — 0.8%
 
 
Capri Holdings Ltd.(1)
244 4,516 
Crocs, Inc.(1)
2,173 257,870 
Deckers Outdoor Corp.(1)
5,176 589,288 
Lululemon Athletica, Inc.(1)
3,360 440,765 
Ralph Lauren Corp.
1,038 377,728 
Tapestry, Inc.
3,190 464,017 
Under Armour, Inc., Class A(1)(2)
119 699 
Under Armour, Inc., Class C(1)
42 241 
 
 
2,135,124 
Trading Companies and Distributors — 0.8%
 
 
Fastenal Co.
14,162 625,960 
Ferguson Enterprises, Inc.
45 10,169 
NPK International, Inc.(1)
1,546 22,448 
Rush Enterprises, Inc., Class A
1,108 76,818 
Rush Enterprises, Inc., Class B
120 7,788 
WW Grainger, Inc.
988 1,219,429 
Xometry, Inc., Class A(1)
24 2,287 
 
 
1,964,899 


Water Utilities — 0.0%
 
 
American States Water Co.
46 3,554 
TOTAL COMMON STOCKS
(Cost $225,094,301)
 
256,191,738 
WARRANTS — 0.0%
 
 
Real Estate Management and Development — 0.0%
 
 
Opendoor Technologies, Inc.(1)
(Cost $—)
190 127 
RIGHTS — 0.0%
 
 
Pharmaceuticals — 0.0%
 
 
Apellis Pharmaceuticals, Inc.(1)
(Cost $1)
30 1 
SHORT-TERM INVESTMENTS — 0.2%
 
 
Money Market Funds — 0.2%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
129,545 129,545 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
218,369 218,369 
TOTAL SHORT-TERM INVESTMENTS
(Cost $347,914)
 
347,914 
TOTAL INVESTMENT SECURITIES — 100.1%
(Cost $225,442,216)
 
256,539,780 
OTHER ASSETS AND LIABILITIES — (0.1)%
 
(154,434)
TOTAL NET ASSETS — 100.0%
 
$256,385,346 

NOTES TO SCHEDULE OF INVESTMENTS
(1)Non-income producing.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $391,539. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $402,562, which includes securities collateral of $184,193.


SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS 

1. Investment Valuations

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

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Open-end management investment companies are valued at the reported NAV per share.

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

As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual financial statements.