American Century Investments®
Quarterly Portfolio Holdings
Avantis® Core Fixed Income Fund
May 31, 2026


Avantis Core Fixed Income Fund - Schedule of Investments
MAY 31, 2026 (UNAUDITED)
 
Principal
Amount ($)/Shares
Value ($)
CORPORATE BONDS — 62.2%
  
Aerospace and Defense — 0.5%
  
Lockheed Martin Corp., 4.75%, 2/15/34
300,000 299,193 
Lockheed Martin Corp., 4.50%, 5/15/36
650,000 632,712 
RTX Corp., 5.15%, 2/27/33
250,000 255,084 
Textron, Inc., 5.50%, 5/15/35
450,000 459,103 
  1,646,092 
Air Freight and Logistics — 0.3%
  
United Parcel Service, Inc., 5.15%, 5/22/34
700,000 716,865 
United Parcel Service, Inc., 6.20%, 1/15/38
400,000 435,289 
  1,152,154 
Automobiles — 1.5%
  
American Honda Finance Corp., 5.85%, 10/4/30
1,000,000 1,039,671 
American Honda Finance Corp., 5.05%, 7/10/31
350,000 352,445 
American Honda Finance Corp., 5.15%, 7/9/32
750,000 755,524 
Toyota Motor Credit Corp., 4.45%, 6/29/29
1,000,000 1,001,681 
Toyota Motor Credit Corp., 4.60%, 10/10/31
1,975,000 1,974,003 
Toyota Motor Credit Corp., 4.70%, 1/12/33
250,000 250,046 
  5,373,370 
Banks — 6.9%
  
African Development Bank, 4.375%, 11/3/27
500,000 502,494 
African Development Bank, 3.50%, 9/18/29
500,000 490,770 
Asian Development Bank, 2.375%, 8/10/27
16,000 15,709 
Asian Development Bank, 4.375%, 3/6/29
500,000 504,205 
Asian Development Bank, 3.625%, 8/28/29
100,000 98,649 
Asian Development Bank, 4.125%, 5/30/30
250,000 250,038 
Asian Development Bank, 4.375%, 3/22/35(1)
250,000 250,001 
Asian Infrastructure Investment Bank, 4.50%, 1/16/30
100,000 101,321 
Banco Santander SA, 3.80%, 2/23/28
200,000 197,707 
Banco Santander SA, 4.38%, 4/12/28
600,000 598,320 
Bank of America Corp., VRN, 2.97%, 2/4/33
300,000 271,334 
Bank of Montreal, 2.65%, 3/8/27
500,000 494,871 
Bank of Montreal, 5.51%, 6/4/31
150,000 155,399 
Bank of Montreal, VRN, 4.64%, 9/10/30
650,000 650,954 
Bank of Nova Scotia, 5.45%, 8/1/29
600,000 616,584 
Bank of Nova Scotia, 4.85%, 2/1/30
200,000 201,859 
Barclays PLC, VRN, 5.37%, 2/25/31
200,000 203,304 
Barclays PLC, VRN, 6.69%, 9/13/34
1,000,000 1,082,979 
Barclays PLC, VRN, 5.79%, 2/25/36
400,000 408,291 
Canadian Imperial Bank of Commerce, 3.60%, 4/7/32
1,200,000 1,129,413 
Citibank NA, 5.57%, 4/30/34
300,000 312,657 
Citigroup, Inc., VRN, 4.91%, 5/24/33
100,000 99,630 
Council of Europe Development Bank, 4.125%, 1/24/29
100,000 100,133 
Council of Europe Development Bank, 4.50%, 1/15/30
100,000 101,259 
European Bank for Reconstruction & Development, 4.375%, 3/9/28
500,000 502,977 
European Bank for Reconstruction & Development, 4.125%, 1/25/29
200,000 200,303 
European Investment Bank, 3.25%, 11/15/27
250,000 247,490 
European Investment Bank, 4.50%, 10/16/28
100,000 101,051 
European Investment Bank, 4.75%, 6/15/29
450,000 458,843 
European Investment Bank, 3.625%, 7/15/30
250,000 245,477 


European Investment Bank, 4.625%, 2/12/35
250,000 254,506 
Fifth Third Bancorp, VRN, 6.34%, 7/27/29
200,000 207,118 
Fifth Third Bancorp, VRN, 4.77%, 7/28/30
1,000,000 1,000,132 
HSBC Holdings PLC, VRN, 6.16%, 3/9/29
200,000 205,282 
ING Groep NV, VRN, 5.07%, 3/25/31
900,000 909,496 
ING Groep NV, VRN, 6.11%, 9/11/34
800,000 850,442 
Inter-American Development Bank, 4.00%, 1/12/28
350,000 349,909 
Inter-American Development Bank, 3.125%, 9/18/28
50,000 49,006 
Inter-American Development Bank, 2.25%, 6/18/29
500,000 474,093 
Inter-American Development Bank, 1.125%, 1/13/31
150,000 131,162 
International Bank for Reconstruction & Development, 3.125%, 6/15/27
350,000 347,094 
International Bank for Reconstruction & Development, 0.75%, 11/24/27
500,000 476,809 
International Bank for Reconstruction & Development, 4.00%, 1/10/31
156,000 155,129 
International Bank for Reconstruction & Development, 4.625%, 1/15/32(1)
250,000 255,184 
JPMorgan Chase & Co., 6.40%, 5/15/38
750,000 829,312 
JPMorgan Chase & Co., VRN, 2.96%, 1/25/33
250,000 226,913 
JPMorgan Chase & Co., VRN, 4.59%, 4/26/33
200,000 197,270 
KeyCorp, VRN, 5.31%, 1/28/37
300,000 295,775 
Kreditanstalt fuer Wiederaufbau, 4.00%, 3/15/29
500,000 499,762 
Kreditanstalt fuer Wiederaufbau, 4.75%, 10/29/30
250,000 256,555 
Kreditanstalt fuer Wiederaufbau, 4.375%, 2/28/34
150,000 150,642 
Landwirtschaftliche Rentenbank, 4.625%, 4/17/29
500,000 507,911 
Lloyds Banking Group PLC, 4.55%, 8/16/28
625,000 626,399 
Mitsubishi UFJ Financial Group, Inc., 3.68%, 2/22/27
500,000 498,564 
Nordic Investment Bank, 3.75%, 5/9/30
200,000 197,113 
PNC Financial Services Group, Inc., VRN, 5.37%, 7/21/36
1,125,000 1,136,418 
Royal Bank of Canada, 5.00%, 5/2/33
500,000 505,456 
Toronto-Dominion Bank, 4.46%, 6/8/32
400,000 394,139 
Truist Financial Corp., VRN, 5.07%, 5/20/31
250,000 252,983 
Truist Financial Corp., VRN, 4.96%, 10/23/36
1,269,999 1,231,754 
Wells Fargo & Co., VRN, 5.15%, 4/23/31
200,000 203,007 
Wells Fargo & Co., VRN, 3.35%, 3/2/33
300,000 276,307 
  24,545,664 
Beverages — 0.7%
  
Anheuser-Busch InBev Finance, Inc., 4.70%, 2/1/36
250,000 243,512 
Brown-Forman Corp., 4.75%, 4/15/33
500,000 493,475 
Constellation Brands, Inc., 4.90%, 5/1/33
1,300,000 1,289,328 
Pepsico Singapore Financing I Pte. Ltd., 4.70%, 2/16/34
500,000 499,200 
  2,525,515 
Biotechnology — 0.8%
  
AbbVie, Inc., 4.875%, 3/15/30
100,000 101,488 
AbbVie, Inc., 4.55%, 3/15/35
250,000 242,983 
AbbVie, Inc., 5.20%, 3/15/35
750,000 763,797 
Biogen, Inc., 5.05%, 1/15/31
150,000 152,249 
Gilead Sciences, Inc., 5.10%, 6/15/35
1,500,000 1,515,776 
  2,776,293 
Broadline Retail — 0.7%
  
Amazon.com, Inc., 4.25%, 3/13/31
1,000,000 989,166 
Amazon.com, Inc., 4.65%, 11/20/35
500,000 488,795 
Amazon.com, Inc., 4.875%, 3/13/36
1,000,000 988,353 
  2,466,314 
Building Products — 0.0%
  
Owens Corning, 3.875%, 6/1/30
150,000 145,959 
Capital Markets — 4.6%
  
Affiliated Managers Group, Inc., 5.50%, 8/20/34
650,000 651,629 


Ameriprise Financial, Inc., 5.20%, 4/15/35
625,000 627,065 
Ares Management Corp., 6.375%, 11/10/28
250,000 259,462 
Bank of New York Mellon Corp., VRN, 4.94%, 2/11/31
1,000,000 1,011,594 
Blackrock, Inc., 2.40%, 4/30/30
525,000 487,852 
Blackrock, Inc., 2.10%, 2/25/32
75,000 65,926 
Brookfield Finance I U.K. PLC/Brookfield Finance, Inc., 2.34%, 1/30/32
125,000 109,386 
Brookfield Finance, Inc., 4.35%, 4/15/30
575,000 565,986 
Brookfield Finance, Inc., 2.72%, 4/15/31
300,000 272,677 
Brookfield Finance, Inc., 5.68%, 1/15/35
500,000 510,273 
Brookfield Finance, Inc., 5.33%, 1/15/36
270,000 266,852 
Charles Schwab Corp., 2.30%, 5/13/31
1,600,000 1,435,557 
Charles Schwab Corp., 1.95%, 12/1/31
120,000 104,597 
CME Group, Inc., 4.40%, 3/15/30
1,100,000 1,100,235 
Deutsche Bank AG, VRN, 6.72%, 1/18/29
200,000 206,546 
Goldman Sachs Group, Inc., 3.80%, 3/15/30
150,000 145,565 
Goldman Sachs Group, Inc., VRN, 5.73%, 4/25/30
450,000 462,418 
Goldman Sachs Group, Inc., VRN, 5.21%, 1/28/31
650,000 658,775 
Goldman Sachs Group, Inc., VRN, 3.10%, 2/24/33
150,000 136,056 
Intercontinental Exchange, Inc., 4.35%, 6/15/29
725,000 722,615 
Intercontinental Exchange, Inc., 5.25%, 6/15/31
1,125,000 1,156,349 
Intercontinental Exchange, Inc., 4.60%, 3/15/33
100,000 99,114 
Lazard Group LLC, 6.00%, 3/15/31
350,000 365,703 
Morgan Stanley, 3.125%, 7/27/26
500,000 499,390 
Morgan Stanley, 7.25%, 4/1/32
200,000 226,248 
Morgan Stanley, VRN, 5.25%, 4/21/34
700,000 707,188 
Nasdaq, Inc., 5.55%, 2/15/34
262,000 270,659 
Northern Trust Corp., 1.95%, 5/1/30
200,000 182,360 
S&P Global, Inc., 4.25%, 1/15/31(2)
725,000 713,998 
S&P Global, Inc., 2.90%, 3/1/32
1,350,000 1,231,918 
S&P Global, Inc., 5.25%, 9/15/33
450,000 462,774 
State Street Corp., 4.83%, 4/24/30
200,000 202,719 
State Street Corp., VRN, 5.15%, 2/28/36
650,000 652,864 
  16,572,350 
Chemicals — 0.4%
  
CF Industries, Inc., 5.15%, 3/15/34
138,000 137,743 
DuPont de Nemours, Inc., 5.32%, 11/15/38
1,000,000 989,330 
EIDP, Inc., 5.125%, 5/15/32
150,000 152,134 
  1,279,207 
Commercial Services and Supplies — 1.5%
  
Eaton Capital ULC, 4.45%, 5/9/30
1,050,000 1,047,687 
RELX Capital, Inc., 5.25%, 3/27/35
625,000 633,331 
Republic Services, Inc., 4.75%, 7/15/30
763,000 770,548 
Republic Services, Inc., 5.00%, 12/15/33
1,125,000 1,142,172 
Republic Services, Inc., 5.00%, 4/1/34
300,000 302,746 
Waste Management, Inc., 4.875%, 2/15/34
300,000 302,916 
Waste Management, Inc., 4.95%, 3/15/35
1,125,000 1,126,562 
  5,325,962 
Communications Equipment — 0.4%
  
Cisco Systems, Inc., 5.10%, 2/24/35
1,425,000 1,446,913 
Cisco Systems, Inc., 5.90%, 2/15/39
150,000 159,878 
  1,606,791 
Construction Materials — 0.1%
  
Vulcan Materials Co., 5.35%, 12/1/34
475,000 484,356 
Consumer Finance — 1.8%
  
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 5.75%, 6/6/28
400,000 408,744 


AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.15%, 9/30/30
300,000 314,386 
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.95%, 9/10/34
650,000 634,163 
American Express Co., VRN, 5.09%, 1/30/31
1,000,000 1,015,512 
American Express Co., VRN, 4.80%, 10/24/36
675,000 653,437 
Capital One Financial Corp., 6.70%, 11/29/32
750,000 817,391 
Capital One Financial Corp., VRN, 6.31%, 6/8/29
100,000 103,187 
Capital One Financial Corp., VRN, 5.46%, 7/26/30
650,000 663,040 
Capital One Financial Corp., VRN, 5.27%, 5/10/33
300,000 301,731 
Sumisho Air Lease Corp., 5.20%, 7/15/31
700,000 703,831 
Sumisho Air Lease Corp., 2.875%, 1/15/32
1,000,000 894,986 
  6,510,408 
Consumer Staples Distribution & Retail — 1.2%
  
Dollar General Corp., 5.45%, 7/5/33
1,250,000 1,272,189 
Kroger Co., 5.00%, 9/15/34
650,000 643,771 
Sysco Corp., 5.375%, 9/21/35
825,000 826,869 
Target Corp., 5.00%, 4/15/35(1)
500,000 501,844 
Target Corp., 7.00%, 1/15/38
250,000 289,811 
Walmart, Inc., 4.90%, 4/28/35
500,000 505,731 
Walmart, Inc., 5.25%, 9/1/35
400,000 415,693 
  4,455,908 
Containers and Packaging — 0.2%
  
Amcor Flexibles North America, Inc., 5.10%, 3/17/30
550,000 557,152 
Diversified REITs — 3.5%
  
Boston Properties LP, 6.75%, 12/1/27
450,000 463,742 
Brixmor Operating Partnership LP, 5.20%, 4/1/32
200,000 202,154 
Brixmor Operating Partnership LP, 5.75%, 2/15/35
450,000 466,577 
ERP Operating LP, 3.00%, 7/1/29
825,000 790,821 
ERP Operating LP, 4.65%, 9/15/34
575,000 561,679 
Essex Portfolio LP, 4.00%, 3/1/29
325,000 320,462 
Essex Portfolio LP, 5.375%, 4/1/35
500,000 508,562 
Federal Realty OP LP, 3.50%, 6/1/30
400,000 381,596 
Host Hotels & Resorts LP, 2.90%, 12/15/31
300,000 268,127 
Host Hotels & Resorts LP, 5.50%, 4/15/35
850,000 851,928 
Invitation Homes Operating Partnership LP, 4.15%, 4/15/32
900,000 856,662 
Kimco Realty OP LLC, 4.60%, 2/1/33
175,000 172,754 
Mid-America Apartments LP, 4.95%, 3/1/35
775,000 766,578 
Prologis LP, 2.25%, 4/15/30
115,000 105,877 
Prologis LP, 4.75%, 1/15/31
1,000,000 1,008,351 
Prologis LP, 5.125%, 1/15/34
150,000 151,699 
Prologis LP, 5.25%, 5/15/35
800,000 811,225 
Simon Property Group LP, 2.20%, 2/1/31
200,000 179,961 
Simon Property Group LP, 6.25%, 1/15/34
400,000 430,956 
Simon Property Group LP, 4.75%, 9/26/34
300,000 293,675 
Simon Property Group LP, 5.125%, 10/1/35
700,000 700,057 
Welltower OP LLC, 4.50%, 7/1/30
400,000 398,633 
Welltower OP LLC, 2.80%, 6/1/31
1,250,000 1,148,888 
WP Carey, Inc., 4.65%, 7/15/30
875,000 872,222 
  12,713,186 
Diversified Telecommunication Services — 0.8%
  
AT&T, Inc., 2.75%, 6/1/31
120,000 109,538 
Comcast Corp., 4.25%, 10/15/30
210,000 207,553 
Deutsche Telekom International Finance BV, 8.75%, 6/15/30
750,000 849,031 
Telefonica Europe BV, 8.25%, 9/15/30
500,000 564,724 
Verizon Communications, Inc., 4.75%, 1/15/33
200,000 198,183 
Verizon Communications, Inc., 4.50%, 8/10/33
150,000 145,958 


Verizon Communications, Inc., 4.81%, 3/15/39
1,000,000 941,179 
  3,016,166 
Electric Utilities — 3.3%
  
Alabama Power Co., 5.10%, 4/2/35
625,000 630,402 
American Electric Power Co., Inc., 5.95%, 11/1/32
350,000 369,704 
Arizona Public Service Co., 5.70%, 8/15/34
250,000 259,635 
CenterPoint Energy Houston Electric LLC, 6.95%, 3/15/33
120,000 134,404 
Connecticut Light & Power Co., 4.95%, 8/15/34
750,000 748,947 
Constellation Energy Generation LLC, 6.25%, 10/1/39
200,000 211,341 
Duke Energy Carolinas LLC, 6.10%, 6/1/37
100,000 106,858 
Duke Energy Corp., 5.45%, 6/15/34
650,000 665,590 
Duke Energy Florida LLC, 6.40%, 6/15/38
575,000 628,866 
Eversource Energy, 5.125%, 5/15/33
1,000,000 1,002,392 
Exelon Corp., 5.125%, 3/15/31
150,000 152,475 
Florida Power & Light Co., 5.30%, 6/15/34
100,000 102,631 
Georgia Power Co., 4.85%, 3/15/31
750,000 757,991 
Georgia Power Co., 4.95%, 5/17/33
475,000 478,936 
National Rural Utilities Cooperative Finance Corp., 5.00%, 2/7/31
1,000,000 1,017,693 
National Rural Utilities Cooperative Finance Corp., 4.02%, 11/1/32
500,000 482,461 
National Rural Utilities Cooperative Finance Corp., 5.00%, 8/15/34
200,000 201,655 
NextEra Energy Capital Holdings, Inc., 5.05%, 3/15/30
550,000 558,648 
Pacific Gas & Electric Co., 5.55%, 5/15/29
200,000 204,552 
PacifiCorp, 6.25%, 10/15/37
750,000 788,891 
PPL Electric Utilities Corp., 4.85%, 2/15/34
100,000 99,823 
Public Service Electric & Gas Co., 4.65%, 3/15/33
625,000 620,469 
Puget Energy, Inc., 4.22%, 3/15/32
400,000 384,277 
Southern Co., 3.70%, 4/30/30
150,000 145,345 
Southwestern Public Service Co., 5.30%, 5/15/35
650,000 655,246 
Virginia Electric & Power Co., 5.00%, 1/15/34
250,000 251,058 
Wisconsin Electric Power Co., 4.60%, 10/1/34
200,000 196,659 
  11,856,949 
Electrical Equipment — 0.1%
  
Emerson Electric Co., 5.00%, 3/15/35
200,000 201,364 
Electronic Equipment, Instruments and Components — 0.6%
  
Amphenol Corp., 4.125%, 11/15/30
500,000 491,754 
Flex Ltd., 4.875%, 5/12/30
1,150,000 1,147,636 
TD SYNNEX Corp., 2.65%, 8/9/31
200,000 178,650 
Tyco Electronics Group SA, 4.50%, 2/9/31
500,000 497,135 
  2,315,175 
Energy Equipment and Services — 0.7%
  
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 4.49%, 5/1/30
800,000 799,512 
Halliburton Co., 4.85%, 11/15/35
825,000 803,998 
Schlumberger Holdings Corp., 4.85%, 5/15/33(1)(2)
600,000 600,037 
Schlumberger Holdings Corp., 5.00%, 6/1/34(2)
350,000 351,647 
  2,555,194 
Entertainment — 0.2%
  
Take-Two Interactive Software, Inc., 4.00%, 4/14/32
400,000 381,787 
Walt Disney Co., 6.40%, 12/15/35
225,000 249,362 
  631,149 
Financial Services — 1.0%
  
Apollo Global Management, Inc., 5.15%, 8/12/35
500,000 490,281 
Corebridge Financial, Inc., 3.85%, 4/5/29
500,000 488,856 
Corebridge Financial, Inc., 5.75%, 1/15/34
250,000 257,000 
Fiserv, Inc., 5.45%, 3/15/34
315,000 314,227 
Mastercard, Inc., 4.875%, 5/9/34
1,400,000 1,410,384 


Visa, Inc., 2.05%, 4/15/30
250,000 230,355 
Visa, Inc., 4.15%, 12/14/35
500,000 477,862 
  3,668,965 
Food Products — 1.2%
  
Archer-Daniels-Midland Co., 3.25%, 3/27/30
66,000 63,135 
Archer-Daniels-Midland Co., 2.90%, 3/1/32
1,100,000 1,005,405 
Bunge Ltd. Finance Corp., 2.75%, 5/14/31
100,000 91,426 
General Mills, Inc., 4.95%, 3/29/33
200,000 199,185 
General Mills, Inc., 5.25%, 1/30/35(1)
850,000 850,282 
Hershey Co., 4.50%, 5/4/33
500,000 496,009 
J.M. Smucker Co., 4.25%, 3/15/35
800,000 746,382 
Kellanova, 5.25%, 3/1/33
500,000 511,427 
Kraft Heinz Foods Co., 5.20%, 3/15/32
150,000 152,486 
Mars, Inc., 5.00%, 3/1/32(2)
250,000 252,681 
  4,368,418 
Ground Transportation — 1.1%
  
Burlington Northern Santa Fe LLC, 5.75%, 5/1/40
450,000 470,971 
Canadian National Railway Co., 6.25%, 8/1/34
200,000 218,892 
Canadian National Railway Co., 4.375%, 9/18/34
650,000 630,750 
Canadian National Railway Co., 6.375%, 11/15/37
200,000 221,707 
Canadian Pacific Railway Co., 4.80%, 3/30/30
175,000 176,612 
CSX Corp., 6.15%, 5/1/37
75,000 81,270 
JB Hunt Transport Services, Inc., 4.90%, 3/15/30
750,000 756,123 
Ryder System, Inc., 6.60%, 12/1/33
250,000 274,018 
Uber Technologies, Inc., 4.80%, 9/15/34
150,000 146,890 
Union Pacific Corp., 2.80%, 2/14/32
450,000 410,596 
Union Pacific Corp., 4.50%, 1/20/33
475,000 474,027 
  3,861,856 
Health Care Equipment and Supplies — 0.8%
  
Abbott Laboratories, 4.75%, 11/30/36
1,370,000 1,339,315 
Medtronic Global Holdings SCA, 4.50%, 3/30/33
500,000 492,687 
Medtronic, Inc., 4.375%, 3/15/35
875,000 843,568 
Zimmer Biomet Holdings, Inc., 5.50%, 2/19/35
240,000 245,018 
  2,920,588 
Health Care Providers and Services — 1.3%
  
Cardinal Health, Inc., 5.45%, 2/15/34
375,000 383,500 
Cigna Group, 5.40%, 3/15/33
100,000 102,771 
Cigna Group, 5.25%, 1/15/36
1,000,000 1,004,154 
CVS Health Corp., 5.45%, 9/15/35
500,000 506,267 
Elevance Health, Inc., 2.875%, 9/15/29
675,000 640,489 
HCA, Inc., 3.625%, 3/15/32
200,000 186,155 
HCA, Inc., 5.50%, 6/1/33
250,000 255,430 
HCA, Inc., 5.75%, 3/1/35
600,000 617,735 
HCA, Inc., 5.125%, 6/15/39
750,000 712,003 
Humana, Inc., 2.15%, 2/3/32
200,000 173,463 
  4,581,967 
Health Care REITs — 0.2%
  
Alexandria Real Estate Equities, Inc., 2.00%, 5/18/32
250,000 210,521 
Omega Healthcare Investors, Inc., 3.375%, 2/1/31
400,000 371,860 
  582,381 
Hotels, Restaurants and Leisure — 0.6%
  
Expedia Group, Inc., 3.25%, 2/15/30
500,000 474,805 
Expedia Group, Inc., 2.95%, 3/15/31
500,000 460,261 
Hyatt Hotels Corp., 5.75%, 3/30/32
150,000 155,105 
Marriott International, Inc., 4.625%, 6/15/30
75,000 74,907 


Marriott International, Inc., 5.10%, 4/15/32
150,000 152,579 
Marriott International, Inc., 5.50%, 4/15/37
800,000 808,868 
  2,126,525 
Household Durables — 0.6%
  
Lennar Corp., 5.20%, 7/30/30
1,000,000 1,015,109 
PulteGroup, Inc., 6.00%, 2/15/35
500,000 523,832 
Toll Brothers Finance Corp., 5.60%, 6/15/35(1)
750,000 767,347 
  2,306,288 
Industrial Conglomerates — 0.6%
  
3M Co., 4.80%, 3/15/30
200,000 201,748 
Eaton Corp., 4.15%, 3/15/33
900,000 874,408 
Honeywell International, Inc., 4.75%, 2/1/32
9,000 9,025 
Honeywell International, Inc., 4.50%, 1/15/34
500,000 490,188 
Pentair Finance SARL, 5.90%, 7/15/32
400,000 416,851 
  1,992,220 
Insurance — 3.3%
  
Allstate Corp., 5.25%, 3/30/33
250,000 255,018 
Allstate Corp., 5.95%, 4/1/36
465,000 490,839 
American International Group, Inc., 5.125%, 3/27/33
500,000 505,805 
American International Group, Inc., 5.45%, 5/7/35
1,175,000 1,202,658 
Aon Corp./Aon Global Holdings PLC, 5.35%, 2/28/33
1,050,000 1,073,458 
Arthur J Gallagher & Co., 6.50%, 2/15/34
350,000 378,872 
Chubb INA Holdings LLC, 4.90%, 8/15/35
1,150,000 1,135,451 
Chubb INA Holdings LLC, 6.00%, 5/11/37
725,000 775,374 
Equitable Financial Life Global Funding, 5.00%, 3/27/30(2)
150,000 150,716 
Fidelity National Financial, Inc., 2.45%, 3/15/31
1,000,000 887,360 
Marsh & McLennan Cos., Inc., 4.85%, 11/15/31
700,000 705,386 
Marsh & McLennan Cos., Inc., 4.75%, 3/15/39
400,000 379,097 
MetLife, Inc., 5.375%, 7/15/33
825,000 854,046 
Prudential Financial, Inc., 5.20%, 3/14/35
150,000 150,963 
Prudential Financial, Inc., Series D, 5.70%, 12/14/36
575,000 598,076 
Prudential Funding Asia PLC, 3.625%, 3/24/32
250,000 235,658 
RenaissanceRe Holdings Ltd., 5.80%, 4/1/35
500,000 514,463 
Travelers Cos., Inc., 6.25%, 6/15/37
1,250,000 1,367,039 
  11,660,279 
Interactive Media and Services — 0.2%
  
Meta Platforms, Inc., 4.875%, 5/15/33
600,000 598,452 
IT Services — 0.6%
  
Accenture Capital, Inc., 4.50%, 10/4/34
1,175,000 1,137,526 
International Business Machines Corp., 5.20%, 2/10/35
500,000 505,227 
VeriSign, Inc., 2.70%, 6/15/31
450,000 407,295 
VeriSign, Inc., 5.25%, 6/1/32
250,000 253,572 
  2,303,620 
Life Sciences Tools and Services — 0.5%
  
Thermo Fisher Scientific, Inc., 4.98%, 8/10/30
100,000 101,772 
Thermo Fisher Scientific, Inc., 4.20%, 3/1/31
500,000 492,365 
Thermo Fisher Scientific, Inc., 5.20%, 1/31/34
500,000 511,647 
Thermo Fisher Scientific, Inc., 4.79%, 10/7/35
550,000 541,891 
  1,647,675 
Machinery — 1.7%
  
Caterpillar, Inc., 5.20%, 5/15/35
925,000 946,157 
Cummins, Inc., 4.70%, 2/15/31
925,000 931,564 
Cummins, Inc., 5.15%, 2/20/34
250,000 254,840 
Cummins, Inc., 5.30%, 5/9/35
1,825,000 1,866,512 
Deere Funding Canada Corp., 4.15%, 10/9/30
200,000 197,052 


Ingersoll Rand, Inc., 5.70%, 8/14/33
250,000 260,016 
Ingersoll Rand, Inc., 5.45%, 6/15/34
456,000 465,681 
John Deere Capital Corp., 3.90%, 6/7/32
625,000 604,618 
PACCAR Financial Corp., 4.00%, 9/26/29
500,000 497,693 
  6,024,133 
Media — 0.1%
  
Fox Corp., 6.50%, 10/13/33
450,000 484,468 
Metals and Mining — 1.7%
  
Barrick Mining Corp., 6.45%, 10/15/35
100,000 109,895 
BHP Billiton Finance USA Ltd., 5.25%, 9/8/30
650,000 666,844 
BHP Billiton Finance USA Ltd., 5.30%, 2/21/35(1)
1,275,000 1,305,342 
Freeport-McMoRan, Inc., 5.25%, 9/1/29
1,000,000 1,009,299 
Kinross Gold Corp., 6.25%, 7/15/33
133,000 142,099 
Nucor Corp., 5.10%, 6/1/35
400,000 404,293 
Nucor Corp., 6.40%, 12/1/37
400,000 446,324 
Rio Tinto Finance USA PLC, 4.875%, 3/14/30
175,000 177,334 
Southern Copper Corp., 7.50%, 7/27/35
350,000 406,327 
Steel Dynamics, Inc., 3.25%, 1/15/31
100,000 93,966 
Steel Dynamics, Inc., 5.25%, 5/15/35
475,000 478,918 
Vale Overseas Ltd., 3.75%, 7/8/30
750,000 716,956 
  5,957,597 
Multi-Utilities — 0.9%
  
Ameren Corp., 5.375%, 3/15/35
475,000 481,364 
Consumers Energy Co., 3.60%, 8/15/32
400,000 377,556 
Consumers Energy Co., 4.625%, 5/15/33
200,000 198,064 
Dominion Energy, Inc., 5.95%, 6/15/35
100,000 105,865 
DTE Energy Co., 5.20%, 4/1/30
825,000 839,282 
DTE Energy Co., 5.85%, 6/1/34
200,000 209,719 
Public Service Enterprise Group, Inc., 4.90%, 3/15/30
700,000 707,174 
San Diego Gas & Electric Co., 5.40%, 4/15/35
150,000 153,039 
  3,072,063 
Oil, Gas and Consumable Fuels — 3.6%
  
Boardwalk Pipelines LP, 3.60%, 9/1/32
925,000 859,429 
BP Capital Markets America, Inc., 4.89%, 9/11/33
260,000 260,186 
BP Capital Markets America, Inc., 5.23%, 11/17/34
750,000 763,851 
Canadian Natural Resources Ltd., 5.85%, 2/1/35
110,000 114,944 
Chevron USA, Inc., 4.82%, 4/15/32
950,000 965,076 
Chevron USA, Inc., 6.00%, 3/1/41
248,000 269,340 
ConocoPhillips Co., 6.60%, 10/1/37
100,000 111,380 
DCP Midstream Operating LP, 3.25%, 2/15/32
875,000 804,311 
Diamondback Energy, Inc., 5.55%, 4/1/35
200,000 206,350 
Energy Transfer LP, 5.25%, 4/15/29
650,000 661,501 
Enterprise Products Operating LLC, 4.85%, 1/31/34
300,000 299,648 
Enterprise Products Operating LLC, 5.20%, 1/15/36
850,000 856,330 
Kinder Morgan Energy Partners LP, 7.75%, 3/15/32
250,000 286,455 
Kinder Morgan, Inc., 5.30%, 12/1/34
850,000 861,471 
MPLX LP, 5.40%, 4/1/35
850,000 854,394 
ONEOK, Inc., 6.00%, 6/15/35
60,000 62,616 
ONEOK, Inc., 5.40%, 10/15/35
700,000 702,069 
Plains All American Pipeline LP/PAA Finance Corp., 5.70%, 9/15/34
825,000 846,563 
Plains All American Pipeline LP/PAA Finance Corp., 5.60%, 1/15/36
650,000 655,313 
Sabine Pass Liquefaction LLC, 4.50%, 5/15/30
68,000 67,586 
Targa Resources Corp., 5.65%, 2/15/36
500,000 511,324 
TransCanada PipeLines Ltd., 6.20%, 10/15/37
925,000 985,687 
Valero Energy Corp., 5.15%, 2/15/30
175,000 178,266 


Williams Cos., Inc., 5.60%, 3/15/35
825,000 845,718 
  13,029,808 
Personal Care Products — 0.7%
  
Estee Lauder Cos., Inc., 4.65%, 5/15/33
300,000 296,243 
Kenvue, Inc., 4.90%, 3/22/33
600,000 604,252 
Unilever Capital Corp., 4.625%, 8/12/34
1,700,000 1,681,322 
  2,581,817 
Pharmaceuticals — 3.2%
  
Astrazeneca Finance LLC, 4.90%, 3/3/30
400,000 406,689 
AstraZeneca PLC, 6.45%, 9/15/37
1,400,000 1,563,802 
Bristol-Myers Squibb Co., 5.10%, 2/22/31
400,000 409,205 
Bristol-Myers Squibb Co., 2.95%, 3/15/32
225,000 206,194 
Bristol-Myers Squibb Co., 5.20%, 2/22/34
500,000 511,911 
Bristol-Myers Squibb Co., 4.125%, 6/15/39
1,600,000 1,433,575 
Eli Lilly & Co., 4.75%, 2/12/30
650,000 659,993 
Eli Lilly & Co., 4.90%, 10/15/35
850,000 850,717 
GlaxoSmithKline Capital, Inc., 6.375%, 5/15/38
686,000 758,507 
Merck & Co., Inc., 4.15%, 3/15/31
250,000 246,028 
Merck & Co., Inc., 4.75%, 12/4/35
1,150,000 1,129,361 
Novartis Capital Corp., 4.60%, 3/18/33
600,000 596,058 
Novartis Capital Corp., 4.20%, 9/18/34
250,000 241,143 
Pfizer, Inc., 4.50%, 11/15/32
500,000 494,177 
Pfizer, Inc., 7.20%, 3/15/39
700,000 819,146 
Royalty Pharma PLC, 2.20%, 9/2/30
73,000 66,031 
Takeda U.S. Financing, Inc., 5.20%, 7/7/35
1,000,000 1,002,739 
  11,395,276 
Professional Services — 0.2%
  
Paychex, Inc., 5.35%, 4/15/32
150,000 152,002 
Paychex, Inc., 1, 5.60%, 4/15/35(1)
150,000 151,722 
Verisk Analytics, Inc., 5.25%, 3/15/35
250,000 248,885 
  552,609 
Real Estate Management and Development — 0.3%
  
CBRE Services, Inc., 2.50%, 4/1/31
400,000 360,273 
CBRE Services, Inc., 5.95%, 8/15/34
325,000 338,909 
First Industrial LP, 5.25%, 1/15/31
250,000 253,167 
  952,349 
Residential REITs — 0.5%
  
AvalonBay Communities, Inc., 3.30%, 6/1/29
75,000 72,520 
AvalonBay Communities, Inc., 4.35%, 12/1/30
200,000 198,391 
AvalonBay Communities, Inc., 5.35%, 6/1/34
200,000 205,490 
UDR, Inc., 3.20%, 1/15/30
264,000 252,013 
UDR, Inc., 3.00%, 8/15/31
875,000 804,566 
UDR, Inc., 5.125%, 9/1/34
200,000 199,746 
  1,732,726 
Retail REITs — 0.3%
  
Realty Income Corp., 4.50%, 2/1/33
900,000 878,870 
Realty Income Corp., 5.125%, 4/15/35
75,000 75,115 
  953,985 
Semiconductors and Semiconductor Equipment — 2.0%
  
Applied Materials, Inc., 5.10%, 10/1/35
150,000 152,224 
Broadcom, Inc., 5.05%, 4/15/30
650,000 660,916 
Broadcom, Inc., 5.15%, 11/15/31
825,000 842,974 
Broadcom, Inc., 5.20%, 4/15/32
350,000 357,459 
Broadcom, Inc., 4.30%, 11/15/32
760,000 738,116 
Intel Corp., 3.90%, 3/25/30
725,000 705,107 


KLA Corp., 4.65%, 7/15/32
1,675,000 1,681,822 
NXP BV/NXP Funding LLC/NXP USA, Inc., 5.00%, 1/15/33
120,000 120,054 
QUALCOMM, Inc., 4.75%, 5/20/32
1,400,000 1,409,425 
Texas Instruments, Inc., 4.90%, 3/14/33
400,000 407,720 
  7,075,817 
Software — 0.6%
  
AppLovin Corp., 5.125%, 12/1/29
1,000,000 1,011,814 
Autodesk, Inc., 2.85%, 1/15/30
150,000 141,118 
Oracle Corp., 6.50%, 4/15/38
250,000 256,615 
Salesforce, Inc., 4.50%, 3/15/28
200,000 200,269 
Salesforce, Inc., 1.95%, 7/15/31
500,000 437,264 
ServiceNow, Inc., 4.70%, 8/15/31
100,000 100,093 
ServiceNow, Inc., 5.05%, 5/15/33
100,000 100,507 
  2,247,680 
Specialized REITs — 1.2%
  
American Tower Corp., 2.90%, 1/15/30
100,000 94,191 
American Tower Corp., 4.90%, 3/15/30
550,000 555,160 
American Tower Corp., 2.10%, 6/15/30
1,000,000 905,861 
American Tower Corp., 5.35%, 3/15/35
200,000 202,734 
Crown Castle, Inc., 5.60%, 6/1/29
150,000 153,790 
Crown Castle, Inc., 3.30%, 7/1/30
150,000 141,662 
Public Storage Operating Co., 2.30%, 5/1/31
1,600,000 1,439,096 
VICI Properties LP, 5.625%, 4/1/35
75,000 75,289 
Weyerhaeuser Co., 4.00%, 4/15/30
875,000 852,961 
  4,420,744 
Specialty Retail — 0.9%
  
AutoZone, Inc., 4.00%, 4/15/30
150,000 146,667 
Home Depot, Inc., 4.90%, 4/15/29
1,500,000 1,524,642 
Home Depot, Inc., 4.95%, 6/25/34
1,125,000 1,130,693 
Home Depot, Inc., 4.65%, 9/15/35
500,000 487,526 
  3,289,528 
Technology Hardware, Storage and Peripherals — 0.5%
  
Dell International LLC/EMC Corp., 5.75%, 2/1/33
150,000 157,274 
Dell International LLC/EMC Corp., 5.40%, 4/15/34
475,000 485,915 
Dell International LLC/EMC Corp., 5.10%, 2/15/36
850,000 846,914 
NetApp, Inc., 5.50%, 3/17/32
250,000 256,024 
  1,746,127 
Textiles, Apparel and Luxury Goods — 0.2%
  
Ralph Lauren Corp., 5.00%, 6/15/32
850,000 861,524 
Water Utilities — 0.3%
  
American Water Capital Corp., 5.25%, 3/1/35
1,150,000 1,169,215 
Wireless Telecommunication Services — 0.5%
  
Rogers Communications, Inc., 3.80%, 3/15/32
1,000,000 935,072 
T-Mobile USA, Inc., 5.125%, 5/15/32
150,000 152,184 
Vodafone Group PLC, 6.15%, 2/27/37
630,000 677,616 
  1,764,872 
TOTAL CORPORATE BONDS
(Cost $223,945,176)
 222,644,250 
U.S. TREASURY SECURITIES — 24.5%
  
U.S. Treasury Bonds, 6.125%, 11/15/27
250,000 257,715 
U.S. Treasury Bonds, 5.25%, 11/15/28
750,000 771,387 
U.S. Treasury Bonds, 1.125%, 8/15/40
2,000,000 1,244,219 
U.S. Treasury Bonds, 1.875%, 2/15/41
2,550,000 1,759,450 
U.S. Treasury Bonds, 1.75%, 8/15/41
3,300,000 2,199,656 
U.S. Treasury Bonds, 2.00%, 11/15/41
1,750,000 1,205,483 


U.S. Treasury Bonds, 2.375%, 2/15/42
2,700,000 1,959,609 
U.S. Treasury Bonds, 2.875%, 5/15/43
1,650,000 1,259,543 
U.S. Treasury Bonds, 3.125%, 8/15/44
2,525,000 1,965,160 
U.S. Treasury Bonds, 2.50%, 2/15/45
2,800,000 1,949,391 
U.S. Treasury Bonds, 3.00%, 11/15/45
600,000 450,281 
U.S. Treasury Bonds, 2.50%, 2/15/46
2,400,000 1,643,531 
U.S. Treasury Notes, 0.875%, 6/30/26
1,000,000 997,731 
U.S. Treasury Notes, 1.50%, 8/15/26
1,635,000 1,627,273 
U.S. Treasury Notes, 3.75%, 8/31/26
1,450,000 1,450,076 
U.S. Treasury Notes, 3.50%, 9/30/26
1,000,000 999,176 
U.S. Treasury Notes, 4.625%, 10/15/26
250,000 250,811 
U.S. Treasury Notes, 4.125%, 10/31/26
2,000,000 2,002,704 
U.S. Treasury Notes, 4.625%, 11/15/26
1,000,000 1,003,815 
U.S. Treasury Notes, 1.75%, 12/31/26
500,000 494,201 
U.S. Treasury Notes, 4.50%, 5/15/27
1,000,000 1,005,476 
U.S. Treasury Notes, 3.875%, 5/31/27
1,000,000 999,792 
U.S. Treasury Notes, 0.75%, 1/31/28
1,050,000 995,613 
U.S. Treasury Notes, 1.125%, 2/29/28
800,000 761,594 
U.S. Treasury Notes, 1.25%, 6/30/28
1,300,000 1,229,033 
U.S. Treasury Notes, 3.875%, 7/15/28
1,300,000 1,296,191 
U.S. Treasury Notes, 1.125%, 8/31/28
1,500,000 1,407,510 
U.S. Treasury Notes, 1.25%, 9/30/28
2,200,000 2,065,164 
U.S. Treasury Notes, 3.50%, 11/15/28
1,800,000 1,777,535 
U.S. Treasury Notes, 1.50%, 11/30/28
2,000,000 1,880,586 
U.S. Treasury Notes, 1.375%, 12/31/28
2,100,000 1,964,074 
U.S. Treasury Notes, 1.75%, 1/31/29
2,100,000 1,979,209 
U.S. Treasury Notes, 4.00%, 1/31/29
1,000,000 998,789 
U.S. Treasury Notes, 2.625%, 2/15/29
2,100,000 2,023,834 
U.S. Treasury Notes, 4.25%, 2/28/29
2,100,000 2,110,910 
U.S. Treasury Notes, 2.375%, 3/31/29
2,000,000 1,911,250 
U.S. Treasury Notes, 2.75%, 5/31/29
2,500,000 2,408,984 
U.S. Treasury Notes, 4.00%, 7/31/29
2,550,000 2,545,169 
U.S. Treasury Notes, 3.75%, 6/30/30
1,875,000 1,849,805 
U.S. Treasury Notes, 4.875%, 10/31/30
650,000 669,475 
U.S. Treasury Notes, 0.875%, 11/15/30
2,200,000 1,911,766 
U.S. Treasury Notes, 3.75%, 12/31/30(3)
1,620,000 1,594,339 
U.S. Treasury Notes, 4.00%, 1/31/31
2,000,000 1,988,477 
U.S. Treasury Notes, 4.25%, 2/28/31
2,150,000 2,160,330 
U.S. Treasury Notes, 4.125%, 3/31/31
2,000,000 1,998,477 
U.S. Treasury Notes, 1.625%, 5/15/31
1,900,000 1,687,066 
U.S. Treasury Notes, 1.25%, 8/15/31
1,150,000 994,413 
U.S. Treasury Notes, 1.375%, 11/15/31
1,250,000 1,079,981 
U.S. Treasury Notes, 1.875%, 2/15/32
2,000,000 1,765,195 
U.S. Treasury Notes, 2.75%, 8/15/32
2,100,000 1,930,606 
U.S. Treasury Notes, 3.75%, 10/31/32
1,500,000 1,458,047 
U.S. Treasury Notes, 3.875%, 12/31/32
500,000 489,023 
U.S. Treasury Notes, 3.50%, 2/15/33
2,700,000 2,579,555 
U.S. Treasury Notes, 3.875%, 8/15/33
1,750,000 1,704,507 
U.S. Treasury Notes, 4.25%, 11/15/34
1,000,000 991,387 
U.S. Treasury Notes, 4.625%, 2/15/35
950,000 966,402 
U.S. Treasury Notes, 4.25%, 5/15/35
1,400,000 1,384,496 
U.S. Treasury Notes, 4.00%, 11/15/35
1,750,000 1,692,852 
U.S. Treasury Notes, 4.125%, 2/15/36
1,850,000 1,804,906 
TOTAL U.S. TREASURY SECURITIES
(Cost $88,632,446)
 87,553,030 


U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 19.5%
  
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 19.5%
  
GNMA, 3.50%, TBA
5,000,000 4,502,457 
GNMA, 3.50%, TBA
3,500,000 3,153,634 
GNMA, 3.50%, TBA
2,500,000 2,250,447 
GNMA, 4.50%, TBA
2,500,000 2,405,418 
GNMA, 4.50%, TBA
2,000,000 1,922,225 
GNMA, 5.00%, TBA
6,000,000 5,918,183 
GNMA, 5.00%, TBA
4,000,000 3,950,612 
GNMA, 5.00%, TBA
2,000,000 1,970,853 
GNMA, 5.50%, TBA
4,250,000 4,269,902 
GNMA, 5.50%, TBA
1,500,000 1,509,485 
GNMA, 5.50%, TBA
500,000 501,795 
UMBS, 2.00%, TBA
750,000 688,989 
UMBS, 2.00%, TBA
750,000 688,989 
UMBS, 3.00%, TBA
2,000,000 1,747,086 
UMBS, 3.00%, TBA
1,000,000 872,918 
UMBS, 3.50%, TBA
2,500,000 2,272,725 
UMBS, 3.50%, TBA
1,250,000 1,195,673 
UMBS, 3.50%, TBA
1,000,000 908,348 
UMBS, 4.00%, TBA
6,000,000 5,613,466 
UMBS, 4.00%, TBA
3,500,000 3,275,069 
UMBS, 4.00%, TBA
2,000,000 1,872,796 
UMBS, 4.00%, TBA
1,250,000 1,214,069 
UMBS, 4.00%, TBA
1,000,000 970,474 
UMBS, 4.50%, TBA
3,000,000 2,877,244 
UMBS, 4.50%, TBA
2,500,000 2,400,340 
UMBS, 4.50%, TBA
1,000,000 989,471 
UMBS, 4.50%, TBA
1,000,000 988,611 
UMBS, 5.00%, TBA
2,750,000 2,702,064 
UMBS, 5.00%, TBA
2,000,000 1,967,950 
UMBS, 5.50%, TBA
2,250,000 2,256,678 
UMBS, 5.50%, TBA
1,000,000 1,004,570 
UMBS, 5.50%, TBA
1,000,000 1,002,187 
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES
(Cost $70,065,850)
 69,864,728 
U.S. GOVERNMENT AGENCY SECURITIES — 0.7%
  
Federal Farm Credit Banks Funding Corp., 4.375%, 6/23/26
250,000 250,086 
Federal Farm Credit Banks Funding Corp., 4.50%, 8/14/26
235,000 235,345 
FHLB, 4.625%, 11/17/26
250,000 251,049 
FHLB, 1.25%, 12/21/26
250,000 246,532 
FHLB, 3.25%, 6/9/28
250,000 246,315 
FHLMC, 0.80%, 10/27/26
250,000 246,920 
FHLMC, 6.75%, 3/15/31
250,000 278,375 
FNMA, 6.625%, 11/15/30
300,000 330,283 
Tennessee Valley Authority, 3.875%, 3/15/28
250,000 249,646 
TOTAL U.S. GOVERNMENT AGENCY SECURITIES
(Cost $2,334,400)
 2,334,551 
SOVEREIGN GOVERNMENTS AND AGENCIES — 0.2%
  
Canada — 0.2%
  
Export Development Canada, 3.875%, 2/14/28
100,000 99,791 
Export Development Canada, 4.125%, 2/13/29
500,000 501,087 
  600,878 
Sweden — 0.0%
  
Svensk Exportkredit AB, 2.25%, 3/22/27
200,000 197,393 
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES
(Cost $803,759)
 798,271 


SHORT-TERM INVESTMENTS — 11.7%
  
Money Market Funds — 1.8%
  
State Street Institutional U.S. Government Money Market Fund, Premier Class
2,801,937 2,801,937 
State Street Navigator Securities Lending Government Money Market Portfolio(4)
3,500,563 3,500,563 
  6,302,500 
Treasury Bills(5) — 9.9%
  
U.S. Treasury Bills, 3.70%, 6/2/26
3,500,000 3,499,654 
U.S. Treasury Bills, 3.69%, 6/9/26
5,000,000 4,995,975 
U.S. Treasury Bills, 3.70%, 6/11/26
2,500,000 2,497,490 
U.S. Treasury Bills, 3.69%, 6/16/26
4,500,000 4,493,192 
U.S. Treasury Bills, 3.67%, 6/23/26
5,000,000 4,988,911 
U.S. Treasury Bills, 3.68%, 6/30/26
5,000,000 4,985,414 
U.S. Treasury Bills, 3.68%, 7/2/26
2,000,000 1,993,783 
U.S. Treasury Bills, 3.71%, 7/9/26
4,000,000 3,984,705 
U.S. Treasury Bills, 3.68%, 7/14/26
1,500,000 1,493,532 
U.S. Treasury Bills, 3.70%, 7/21/26
2,000,000 1,989,959 
U.S. Treasury Bills, 3.72%, 7/28/26
500,000 497,128 
  35,419,743 
TOTAL SHORT-TERM INVESTMENTS
(Cost $41,722,718)
 41,722,243 
TOTAL INVESTMENT SECURITIES — 118.8%
(Cost $427,504,349)
 424,917,073 
OTHER ASSETS AND LIABILITIES — (18.8)%
 (67,132,026)
TOTAL NET ASSETS — 100.0%
 $357,785,047 

FUTURES CONTRACTS PURCHASED
Reference EntityContractsExpiration
Date		Notional AmountUnrealized
Appreciation
(Depreciation)^
U.S. Treasury Long Bonds3 September 2026$336,656 $2,549 
^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 North America Investment Grade Index Series 45Sell1.00%12/20/30$7,000,000 $127,331 $42,277 $169,608 
§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.



NOTES TO SCHEDULE OF INVESTMENTS
CDX–Credit Derivatives Indexes
FHLB–Federal Home Loan Bank
FHLMC–Federal Home Loan Mortgage Corp.
FNMA–Federal National Mortgage Association
GNMA–Government National Mortgage Association
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.
UMBS–Uniform Mortgage-Backed Securities
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 $3,392,681. 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 $2,069,079, which represented 0.6% of total net assets.
(3)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $868,029.
(4)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $3,500,563.
(5)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.


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, bank loan obligations, municipal securities, convertible bonds 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.

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.

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 1Level 2Level 3
Assets
Investment Securities
Corporate Bonds— $222,644,250 — 
U.S. Treasury Securities— 87,553,030 — 
U.S. Government Agency Mortgage-Backed Securities— 69,864,728 — 
U.S. Government Agency Securities— 2,334,551 — 
Sovereign Governments and Agencies— 798,271 — 
Short-Term Investments$6,302,500 35,419,743 — 
$6,302,500 $418,614,573 — 
Other Financial Instruments
Futures Contracts$2,549 — — 
Swap Agreements— $169,608 — 
$2,549 $169,608 — 
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.