American Century Investments®
Quarterly Portfolio Holdings
Avantis® Real Estate ETF (AVRE)
May 31, 2026


Avantis Real Estate ETF - Schedule of Investments
MAY 31, 2026 (UNAUDITED) 
 
Shares
Value ($)
COMMON STOCKS — 99.8%
 
 
Data Center REITs — 9.3%
 
 
DigiCo Infrastructure REIT(1)
79,402 150,539 
Digital Core REIT Management Pte. Ltd.
561,100 274,842 
Digital Realty Trust, Inc.
144,082 27,375,580 
Equinix, Inc.
42,830 45,744,153 
Fermi, Inc.(2)
11,472 80,075 
Keppel DC REIT
893,210 1,616,475 
NTT DC REIT(2)
165,000 161,639 
 
 
75,403,303 
Diversified REITs — 8.1%
 
 
Abrdn Property Income Trust Ltd.
1,194 32 
Activia Properties, Inc.(1)
517 424,587 
AEW U.K. REIT PLC
64,512 91,619 
Ahes Gayrimenkul Yatirim Ortakligi AS(2)
19,282 8,950 
AKIS Gayrimenkul Yatirimi AS
539,312 108,330 
Alarko Gayrimenkul Yatirim Ortakligi AS
927,058 141,686 
Argosy Property Ltd.
173,693 110,909 
Asce Gayrimenkul Yatirim Ortakligi AS
68,866 17,531 
Aspen Group Ltd.
125,936 427,262 
Attacq Ltd.
230,735 239,307 
Axis Real Estate Investment Trust
623,400 306,658 
British Land Co. PLC
469,541 2,559,293 
Broadstone Net Lease, Inc.
87,200 1,764,056 
Burstone Group Ltd.
296,626 178,885 
CENTRAL REIT Investment Corp.
91 60,725 
Centuria Capital Group
384,584 539,160 
Charter Hall Group
242,167 3,544,232 
Charter Hall Long Wale REIT
323,640 804,122 
Concentradora Fibra Danhos SA de CV
62,752 100,732 
Custodian Property Income REIT PLC
215,155 250,791 
D&D Platform REIT Co. Ltd.
117 190 
Daiwa House REIT Investment Corp.
2,236 1,692,230 
ESCON Japan REIT Investment Corp.
63 46,553 
Essential Properties Realty Trust, Inc.
92,826 2,838,619 
Fairvest Ltd., Class B(1)
662,743 290,348 
Fibra Uno Administracion SA de CV
1,423,545 2,459,201 
Fuzul Gayrimenkul Yatirim Ortakligi AS(2)
194,182 57,684 
GPT Group
1,035,862 3,607,401 
Growthpoint Properties Ltd.
1,671,809 1,728,744 
H&R Real Estate Investment Trust
82,942 623,276 
Hankyu Hanshin REIT, Inc.(1)
278 251,209 
Heiwa Real Estate REIT, Inc.(1)
496 422,515 
Hulic Reit, Inc.
140 137,269 
Is Gayrimenkul Yatirim Ortakligi AS
436,380 192,629 
KDX Realty Investment Corp.
2,024 2,018,911 
Kiler Gayrimenkul Yatirim Ortakligi AS(2)
343,153 35,709 
Land Securities Group PLC
330,852 2,793,243 
LondonMetric Property PLC
1,237,837 3,148,498 
Mapletree Pan Asia Commercial Trust(1)
1,174,300 1,177,728 
Menivim- The New REIT Ltd.
263,518 193,236 


Merlin Properties Socimi SA
203,583 3,576,481 
Mirvac Group
2,106,803 2,557,165 
Mori Trust Reit, Inc.
1,163 540,274 
NIPPON REIT Investment Corp.
447 241,017 
Nomura Real Estate Master Fund, Inc.
1,947 1,865,025 
NTT UD REIT Investment Corp.
699 580,513 
Nurol Gayrimenkul Yatirim Ortakligi AS(2)
8,997 1,919 
Ozak Gayrimenkul Yatirim Ortakligi(2)
340,720 90,595 
Pasifik Gayrimenkul Yatirim Ortakligi
1,292,226 88,011 
Peker Gayrimenkul Yatirim Ortakligi AS(2)
1,581,649 468,972 
PowerGrid Infrastructure Investment Trust
380,349 371,600 
PRO Real Estate Investment Trust
16 80 
Redefine Properties Ltd.(1)
3,890,997 1,438,311 
Reit 1 Ltd.
157,593 1,250,524 
SA Corporate Real Estate Ltd.
1,199,609 259,072 
Schroder Real Estate Investment Trust Ltd.(1)
272,504 175,109 
Sekisui House Reit, Inc.
2,412 1,241,661 
Sella Capital Real Estate Ltd.
116,448 416,481 
Servet Gayrimenkul Yatirim Ortakligi AS(2)
831,297 54,268 
Shinhan Seobu T&D REIT Co. Ltd.
6,434 15,238 
SK REITs Co. Ltd.
83,848 303,962 
Stockland
1,311,343 3,853,996 
Stoneweg Europe Stapled Trust
5,600 10,263 
Stride Property Group(1)
78,056 54,560 
Suntec Real Estate Investment Trust
934,800 1,077,883 
Tera Yatirim Teknoloji Holding AS(2)
1,227,014 774,865 
Tokaido REIT, Inc.
90 58,086 
Tokyu REIT, Inc.
416 484,457 
Torunlar Gayrimenkul Yatirim Ortakligi AS
151,976 295,921 
Tosei REIT Investment Corp.
40 32,944 
United Urban Investment Corp.(1)
1,427 1,452,992 
WP Carey, Inc.
90,422 6,729,205 
Ziraat Gayrimenkul Yatirim Ortakligi AS
647,721 229,885 
 
 
65,985,395 
Health Care REITs — 12.8%
 
 
Aedifica SA
50,378 4,155,711 
American Healthcare REIT, Inc.
104,803 5,123,819 
CareTrust REIT, Inc.
120,672 4,925,831 
Cofinimmo SA
4,307 417,214 
First Real Estate Investment Trust(1)
527,500 95,113 
Health Care & Medical Investment Corp.
40 27,599 
Healthcare Realty Trust, Inc.
58,588 1,167,073 
Healthpeak Properties, Inc.
89,638 1,716,568 
LTC Properties, Inc.
22,014 823,544 
National Health Investors, Inc.
22,143 1,622,860 
Omega Healthcare Investors, Inc.
141,108 6,598,210 
Parkway Life Real Estate Investment Trust
289,500 909,482 
Primary Health Properties PLC
755,899 954,463 
Sabra Health Care REIT, Inc.
106,835 2,124,948 
Sila Realty Trust, Inc.
30,611 925,677 
Target Healthcare REIT PLC
359,070 529,440 
Universal Health Realty Income Trust
3,342 138,526 
Ventas, Inc.
202,144 17,064,997 
Vital Healthcare Property Trust
184,443 207,822 
Welltower, Inc.
264,486 54,306,910 
 
 
103,835,807 


Hotel & Resort REITs — 2.3%
 
 
Akfen Gayrimenkul Yatirim Ortakligi AS(2)
1,138,784 68,660 
Apple Hospitality REIT, Inc.
90,012 1,322,276 
CapitaLand Ascott Trust
1,474,200 1,034,241 
CDL Hospitality Trusts(1)
213,500 128,767 
DiamondRock Hospitality Co.
86,782 953,734 
Far East Hospitality Trust
525,800 233,082 
Hoshino Resorts REIT, Inc.
324 489,460 
Host Hotels & Resorts, Inc.
305,959 7,030,938 
Ichigo Hotel REIT Investment Corp.
22 15,674 
Invincible Investment Corp.
3,084 1,186,330 
Japan Hotel REIT Investment Corp.
2,929 1,408,537 
Kizilbuk Gayrimenkul Yatirim Ortakligi AS(2)
492,203 33,261 
Nippon Hotel & Residential Investment Corp.
50 20,685 
Ryman Hospitality Properties, Inc.
26,846 3,090,780 
Sunstone Hotel Investors, Inc.
99,101 1,072,273 
Xenia Hotels & Resorts, Inc.
45,665 793,201 
 
 
18,881,899 
Industrial REITs — 17.1%
 
 
AIMS APAC REIT
283,450 351,094 
ARGAN SA
3,527 251,126 
CapitaLand Ascendas REIT
1,797,949 3,523,567 
Centuria Industrial REIT(1)
291,841 624,396 
CRE Logistics REIT, Inc.
305 283,024 
Dexus Industria REIT(1)
80,502 138,194 
Dream Industrial Real Estate Investment Trust
81,933 833,207 
EastGroup Properties, Inc.
24,823 5,012,012 
Equites Property Fund Ltd.
449,649 497,416 
ESR Kendall Square REIT Co. Ltd.(2)
157,843 413,311 
ESR-REIT
191,402 357,044 
FIBRA Macquarie Mexico
487,312 1,222,707 
Fibra MTY SAPI de CV
377,969 307,616 
First Industrial Realty Trust, Inc.
64,178 3,970,693 
Frasers Logistics & Commercial Trust(2)
1,623,600 1,272,246 
GLP J-Reit
2,137 1,793,430 
Goodman Group
1,005,106 22,840,563 
Goodman New Zealand Ltd. & Goodman Property Services NZ Ltd.(1)
537,778 645,871 
Granite Real Estate Investment Trust
17,872 1,249,154 
Industrial & Infrastructure Fund Investment Corp.
1,112 978,981 
Innovative Industrial Properties, Inc.
14,795 857,962 
Japan Logistics Fund, Inc.
1,266 730,504 
LaSalle Logiport REIT
935 855,129 
Lineage, Inc.
18,145 805,819 
LXP Industrial Trust
26,539 1,370,474 
Mapletree Industrial Trust(1)
1,151,100 1,749,694 
Mapletree Logistics Trust(1)
1,939,800 1,825,453 
Mitsubishi Estate Logistics REIT Investment Corp.
821 626,591 
Mitsui Fudosan Logistics Park, Inc.
1,558 1,055,404 
Montea NV(1)
6,987 543,886 
Nippon Prologis REIT, Inc.(1)
3,165 1,694,394 
Prologis Property Mexico SA de CV
665,052 3,190,807 
Prologis, Inc.
386,445 55,443,264 
Rexford Industrial Realty, Inc.
99,802 3,539,977 
Reysas Gayrimenkul Yatirim Ortakligi AS(2)
242,284 164,561 
Segro PLC
673,106 6,524,965 


SOSiLA Logistics REIT, Inc.
351 252,325 
STAG Industrial, Inc.
83,159 3,149,231 
Terreno Realty Corp.
47,637 3,129,275 
Tritax Big Box REIT PLC
1,238,364 2,501,617 
Warehouses De Pauw CVA(1)
99,601 2,579,516 
 
 
139,156,500 
Multi-Family Residential REITs — 7.2%
 
 
Adra Gayrimenkul Yatirim Ortakligi AS(2)
35,110 43,389 
Advance Residence Investment Corp.
1,397 1,350,558 
Altarea SCA(1)
4,315 544,911 
AvalonBay Communities, Inc.
61,901 11,297,551 
Boardwalk Real Estate Investment Trust
12,245 569,239 
BSR Real Estate Investment Trust
14,356 172,545 
Camden Property Trust
46,575 4,963,032 
Canadian Apartment Properties REIT
41,226 1,048,405 
Care Property Invest NV(1)
14,950 223,899 
Comforia Residential REIT, Inc.
1,182 783,905 
Daiwa Securities Living Investments Corp.
946 602,188 
Elme Communities
17,514 35,904 
Emlak Konut Gayrimenkul Yatirim Ortakligi AS(1)
1,118,705 457,059 
Equity Residential
164,422 10,761,420 
Essex Property Trust, Inc.
27,865 7,597,113 
Home Invest Belgium SA
6,173 138,057 
Independence Realty Trust, Inc.
96,953 1,573,547 
Ingenia Communities Group
208,955 572,511 
InterRent Real Estate Investment Trust
45,713 431,383 
Irish Residential Properties REIT PLC
342,317 445,910 
Killam Apartment Real Estate Investment Trust
34,357 457,047 
Mid-America Apartment Communities, Inc.
50,073 6,462,922 
Minto Apartment Real Estate Investment Trust
9,814 123,365 
Mitsui Fudosan Accommodations Fund, Inc.
1,586 1,253,367 
Sinpas Gayrimenkul Yatirim Ortakligi AS(2)
300,564 23,164 
Social Housing Reit PLC
168,138 164,474 
UDR, Inc.
131,254 4,843,273 
UNITE Group PLC
226,519 1,568,129 
Xior Student Housing NV(1)
24 776 
 
 
58,509,043 
Office REITs — 3.6%
 
 
Allied Properties Real Estate Investment Trust
31 226 
AREIT, Inc.
452,910 278,205 
Brookfield India Real Estate Trust
86,740 291,126 
Champion REIT(1)
712,000 220,728 
Colonial SFL Socimi SA(1)
147,592 985,384 
COPT Defense Properties
18,861 604,684 
Cousins Properties, Inc.
65,178 1,747,422 
Cromwell Property Group
620,894 196,610 
Daiwa Office Investment Corp.(1)
417 832,484 
Derwent London PLC
61,932 1,480,003 
Dexus
486,923 1,960,371 
Embassy Office Parks REIT
660,783 2,970,667 
GDI Property Group Partnership
3,226 1,414 
Gecina SA
39,129 3,344,756 
Global One Real Estate Investment Corp.
144 101,247 
Great Portland Estates PLC
215,722 905,892 
Halk Gayrimenkul Yatirim Ortakligi AS
61,768 8,023 


Hanwha REIT Co. Ltd.(2)
30,085 100,840 
Ichigo Office REIT Investment Corp.
133 72,546 
Japan Excellent, Inc.
539 475,414 
Japan Prime Realty Investment Corp.
1,532 914,541 
Japan Real Estate Investment Corp.
3,093 2,218,809 
JR Global Reit
80,104 62,829 
Keppel REIT
1,736,291 1,176,839 
Knowledge Realty Trust
243,677 297,718 
Mindspace Business Parks REIT
155,966 759,217 
Mori Hills REIT Investment Corp.
758 616,353 
NET Lease Office Properties
6,377 76,588 
Nippon Building Fund, Inc.(1)
4,113 3,289,833 
NSI NV
9,770 200,134 
Orix JREIT, Inc.
2,650 1,598,736 
Postal Realty Trust, Inc., Class A(1)
5,785 133,286 
Precinct Properties Group
811,679 497,924 
Real Commercial REIT, Inc.
3,666,300 426,186 
SL Green Realty Corp.(1)
364 16,526 
Vakif Gayrimenkul Yatirim Ortakligi AS(2)
1,070,276 62,311 
Workspace Group PLC
14,077 66,472 
 
 
28,992,344 
Other Specialized REITs — 5.5%
 
 
Arena REIT
224,893 516,257 
Automotive Properties Real Estate Investment Trust
3,819 33,352 
Charter Hall Social Infrastructure REIT
159,063 288,105 
EPR Properties
21,812 1,244,375 
Farmland Partners, Inc.
19,823 203,582 
Four Corners Property Trust, Inc.
47,441 1,181,281 
Gaming & Leisure Properties, Inc.
109,101 5,124,474 
Gladstone Land Corp.
18,999 180,111 
Iron Mountain, Inc.
126,413 16,212,467 
Koramco Life Infra Reit Co. Ltd.
15,424 44,159 
Lamar Advertising Co., Class A
37,983 5,790,888 
Millrose Properties, Inc.
64,978 1,833,679 
Rural Funds Trust
21,644 30,868 
VICI Properties, Inc.
428,725 12,098,619 
 
 
44,782,217 
Retail REITs — 18.1%
 
 
Acadia Realty Trust
49,548 1,091,047 
AEON REIT Investment Corp.
755 581,892 
Agree Realty Corp.
52,913 3,923,499 
Ascencio
2,647 154,654 
Brixmor Property Group, Inc.
106,000 3,239,360 
BWP Property Group Ltd.
303,345 822,458 
CapitaLand Integrated Commercial Trust
3,082,966 5,487,537 
Carmila SA
48,567 940,909 
Charter Hall Retail REIT
282,881 765,967 
Choice Properties Real Estate Investment Trust
95,604 1,092,201 
Crombie Real Estate Investment Trust
26,042 318,099 
CT Real Estate Investment Trust
30,609 392,312 
Curbline Properties Corp.
54,039 1,574,156 
Eurocommercial Properties NV
21,816 741,098 
Federal Realty Investment Trust
35,115 4,200,807 
First Capital Real Estate Investment Trust
60,591 1,032,814 
Fortune Real Estate Investment Trust
536,000 330,433 


Frasers Centrepoint Trust
678,329 1,207,089 
Frontier Real Estate Investment Corp.
1,516 776,607 
Fukuoka REIT Corp.
367 393,302 
Getty Realty Corp.
27,381 890,704 
Hamborner REIT AG
111,412 676,814 
Hammerson PLC
145,123 673,306 
HMC Capital Ltd.(1)
157,302 345,369 
HomeCo Daily Needs REIT
852,197 759,027 
Hyprop Investments Ltd.
231,716 811,733 
IGB Real Estate Investment Trust
1,037,100 724,368 
InvenTrust Properties Corp.
33,234 1,101,042 
Japan Metropolitan Fund Invest
2,623 1,852,356 
Kimco Realty Corp.
263,070 6,334,726 
Kite Realty Group Trust
88,612 2,429,741 
Kiwi Property Group Ltd.
424,613 239,411 
Klepierre SA
166,030 6,772,976 
Lendlease Global Commercial REIT
1,194,704 523,956 
Link REIT
1,333,611 6,874,511 
LOTTE REIT Co. Ltd.
110,573 279,475 
Mercialys SA
78,101 1,078,681 
NETSTREIT Corp.(1)
37,485 759,446 
NewRiver REIT PLC
113,624 119,192 
Nexus Select Trust
100,826 164,693 
NNN REIT, Inc.
76,267 3,394,644 
Pavilion Real Estate Investment Trust(1)
984,700 456,964 
Phillips Edison & Co., Inc.
53,016 2,128,592 
Primaris Real Estate Investment Trust
29,635 422,175 
Realty Income Corp.
353,906 21,687,360 
Regency Centers Corp.
81,798 6,327,075 
Region Group
560,810 914,769 
Resilient REIT Ltd.
185,150 936,186 
Retail Estates NV(1)
7,285 603,003 
RioCan Real Estate Investment Trust
73,955 1,190,339 
Ronesans Gayrimenkul Yatirim AS
39,781 163,402 
Sasseur Real Estate Investment Trust
241,200 125,496 
Scentre Group
1,014,983 2,788,468 
Shaftesbury Capital PLC
760,997 1,389,294 
Simon Property Group, Inc.
132,760 27,203,852 
SITE Centers Corp.
14,212 71,771 
SmartCentres Real Estate Investment Trust
35,792 752,368 
Starhill Global REIT
632,509 267,800 
Sunway Real Estate Investment Trust
1,016,600 586,869 
Supermarket Income REIT PLC
590,028 661,930 
Tanger, Inc.
48,056 1,733,380 
Unibail-Rodamco-Westfield
23,633 2,731,954 
Urban Edge Properties
51,438 1,154,269 
Vastned NV
1,515 52,075 
Vicinity Ltd.
2,206,618 4,005,623 
Vukile Property Fund Ltd.
739,045 1,057,865 
Waypoint REIT Ltd.
363,309 620,970 
Wereldhave NV
18,629 453,759 
Yeni Gimat Gayrimenkul Ortakligi AS
52,105 271,105 
 
 
146,631,125 
Self Storage REITs — 5.3%
 
 
Big Yellow Group PLC
111,630 1,257,969 


CubeSmart
97,361 3,894,440 
Extra Space Storage, Inc.
88,087 12,711,835 
National Storage Affiliates Trust
18,809 802,204 
Public Storage
72,507 22,019,651 
Safestore Holdings PLC
107,340 931,130 
Shurgard Self Storage Ltd.
22,070 632,573 
Smartstop Self Storage REIT, Inc.
23,392 731,000 
Stor-Age Property REIT Ltd.
167,796 176,758 
 
 
43,157,560 
Single-Family Residential REITs — 3.0%
 
 
American Homes 4 Rent, Class A
136,004 4,363,008 
Equity LifeStyle Properties, Inc.
89,485 5,527,488 
Flagship Communities REIT
1,031 20,424 
Invitation Homes, Inc.
231,877 6,782,402 
PRS REIT PLC(2)
240,168 154,925 
Sun Communities, Inc.
55,881 6,910,245 
UMH Properties, Inc.
29,939 449,684 
 
 
24,208,176 
Telecom Tower REITs — 7.5%
 
 
American Tower Corp.
190,120 35,544,835 
Crown Castle, Inc.
173,184 15,846,336 
SBA Communications Corp.
47,520 9,654,163 
 
 
61,045,334 
TOTAL COMMON STOCKS
(Cost $746,267,765)
 
810,588,703 
SHORT-TERM INVESTMENTS — 0.7%
 
 
Money Market Funds — 0.7%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
948,864 948,864 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
4,971,385 4,971,385 
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,920,249)
 
5,920,249 
TOTAL INVESTMENT SECURITIES — 100.5%
(Cost $752,188,014)
 
816,508,952 
OTHER ASSETS AND LIABILITIES — (0.5)%
 
(3,724,936)
TOTAL NET ASSETS — 100.0%
 
$812,784,016 

NOTES TO SCHEDULE OF INVESTMENTS
CVA–Certificaten Van Aandelen
(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $9,534,753. 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)Non-income producing.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $10,246,547, which includes securities collateral of $5,275,162.


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.



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
 
 
 
Common Stocks
 
 
 
Data Center REITs
$73,199,808 $2,203,495 — 
Diversified REITs
11,331,880 54,653,515 — 
Health Care REITs
96,538,963 7,296,844 — 
Hotel & Resort REITs
14,263,202 4,618,697 — 
Industrial REITs
77,278,707 61,877,793 — 
Multi-Family Residential REITs
47,534,762 10,974,281 — 
Office REITs
2,578,506 26,413,838 — 
Other Specialized REITs
43,869,476 912,741 — 
Retail REITs
89,245,471 57,385,654 — 
Self Storage REITs
40,159,130 2,998,430 — 
Single-Family Residential REITs
24,032,827 175,349 — 
Other REITs
61,045,334 — — 
Short-Term Investments
5,920,249 — — 
 
$586,998,315 $229,510,637 — 
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.