American Century Investments®
Quarterly Portfolio Holdings
Avantis® U.S. Mid Cap Value ETF (AVMV)
May 31, 2026


Avantis U.S. Mid Cap Value ETF - Schedule of Investments
MAY 31, 2026 (UNAUDITED)
Shares
Value ($)
COMMON STOCKS — 99.9%
 
 
Aerospace and Defense — 1.6%
 
 
ATI, Inc.(1)
25,763 4,512,647 
Carpenter Technology Corp.
8,779 4,117,175 
Hexcel Corp.
1,066 95,716 
Huntington Ingalls Industries, Inc.
3,574 1,101,400 
Moog, Inc., Class A
374 134,629 
Textron, Inc.
1,302 119,472 
 
 
10,081,039 
Air Freight and Logistics — 0.7%
 
 
CH Robinson Worldwide, Inc.
1 179 
Expeditors International of Washington, Inc.
26,469 4,181,837 
 
 
4,182,016 
Automobile Components — 1.4%
 
 
Aptiv PLC(1)
38,712 2,630,093 
Autoliv, Inc.
13,391 1,702,264 
BorgWarner, Inc.
45,224 3,247,988 
Lear Corp.
7,422 1,062,237 
 
 
8,642,582 
Banks — 4.2%
 
 
BOK Financial Corp.
2,920 373,877 
Central BanCo, Inc., Class A
889 25,247 
Columbia Banking System, Inc.
38,486 1,140,725 
Commerce Bancshares, Inc.
22,858 1,193,645 
Cullen/Frost Bankers, Inc.
9,467 1,282,968 
East West Bancorp, Inc.
22,818 2,796,118 
Fifth Third Bancorp
21,957 1,096,313 
First Citizens BancShares, Inc., Class A
1,224 2,436,384 
First Horizon Corp.
22,738 550,942 
Huntington Bancshares, Inc.
18,499 302,644 
KeyCorp
48,762 1,040,093 
M&T Bank Corp.
20,588 4,449,273 
Old National Bancorp
14,028 336,812 
Pinnacle Financial Partners, Inc.
1 98 
Popular, Inc.
10,617 1,576,943 
Regions Financial Corp.
23,618 661,304 
Southstate Bank Corp.
6,407 607,063 
UMB Financial Corp.
5,891 773,253 
Valley National Bancorp
11,888 163,698 
Webster Financial Corp.
13,609 989,646 
Western Alliance Bancorp
16,834 1,340,828 
Wintrust Financial Corp.
10,782 1,619,780 
Zions Bancorp NA
24,483 1,528,963 
 
 
26,286,617 
Beverages — 1.0%
 
 
Brown-Forman Corp., Class A(2)
7,209 192,696 
Brown-Forman Corp., Class B
46,727 1,201,818 
Constellation Brands, Inc., Class A
24,791 3,441,487 
Molson Coors Beverage Co., Class B
28,707 1,134,788 
National Beverage Corp.(1)
5 185 
 
 
5,970,974 


Biotechnology — 1.9%
 
 
Arrowhead Pharmaceuticals, Inc.(1)
5,223 406,924 
Biogen, Inc.(1)
22,249 4,360,804 
Exelixis, Inc.(1)
47,706 2,408,199 
Neurocrine Biosciences, Inc.(1)
441 69,810 
United Therapeutics Corp.(1)
8,389 4,671,163 
 
 
11,916,900 
Broadline Retail — 0.5%
 
 
Coupang, Inc.(1)
154,902 2,571,373 
Dillard's, Inc., Class A(2)
624 368,291 
 
 
2,939,664 
Building Products — 1.6%
 
 
A.O. Smith Corp.
18,663 1,058,565 
Advanced Drainage Systems, Inc.
14,820 2,062,351 
Armstrong World Industries, Inc.
7,688 1,213,935 
Carlisle Cos., Inc.
194 66,893 
Lennox International, Inc.
4,894 2,457,571 
Owens Corning
13,619 1,713,543 
Simpson Manufacturing Co., Inc.
7,352 1,394,969 
 
 
9,967,827 
Capital Markets — 5.8%
 
 
Ameriprise Financial, Inc.
14,711 6,556,840 
Carlyle Group, Inc.
15,297 694,943 
Evercore, Inc., Class A
5,274 1,797,695 
FactSet Research Systems, Inc.
1,978 485,540 
Galaxy Digital, Inc., Class A(1)(2)
24,923 737,222 
Houlihan Lokey, Inc.
1,153 163,334 
Jefferies Financial Group, Inc.
6,958 366,826 
LPL Financial Holdings, Inc.
12,671 3,468,940 
MarketAxess Holdings, Inc.
1,776 230,951 
Northern Trust Corp.
29,615 4,899,802 
Raymond James Financial, Inc.
27,753 3,980,058 
SEI Investments Co.
1,935 170,048 
State Street Corp.
40,277 6,268,712 
Stifel Financial Corp.
22,557 1,582,373 
StoneX Group, Inc.(1)
5,204 589,873 
T. Rowe Price Group, Inc.
34,561 3,612,661 
Virtu Financial, Inc., Class A
6,660 333,999 
 
 
35,939,817 
Chemicals — 2.1%
 
 
Albemarle Corp.
198 34,931 
Axalta Coating Systems Ltd.(1)
9,985 307,238 
CF Industries Holdings, Inc.
30,593 3,437,124 
Eastman Chemical Co.
9,708 736,546 
LyondellBasell Industries NV, Class A
52,848 3,522,319 
Mosaic Co.
50,000 1,195,000 
NewMarket Corp.
1,080 835,466 
Olin Corp.
6 155 
RPM International, Inc.
1,316 139,457 
Solstice Advanced Materials, Inc.
26,128 2,200,761 
Westlake Corp.
3,791 329,173 
 
 
12,738,170 
Commercial Services and Supplies — 0.2%
 
 
Clean Harbors, Inc.(1)
3,628 1,019,577 


Communications Equipment — 0.2%
 
 
Ubiquiti, Inc.
468 273,246 
Viasat, Inc.(1)
13,721 1,106,187 
 
 
1,379,433 
Construction and Engineering — 3.1%
 
 
Argan, Inc.
1,330 887,137 
Comfort Systems USA, Inc.
3,519 6,433,471 
EMCOR Group, Inc.
7,479 6,183,787 
Fluor Corp.(1)
10,920 499,699 
IES Holdings, Inc.(1)
1,560 1,058,226 
MYR Group, Inc.(1)
642 298,568 
Primoris Services Corp.
8,730 1,098,059 
Sterling Infrastructure, Inc.(1)
1,116 960,697 
Valmont Industries, Inc.
3,513 1,826,093 
 
 
19,245,737 
Construction Materials — 0.2%
 
 
Eagle Materials, Inc.
4,534 1,002,830 
Consumer Finance — 1.2%
 
 
Ally Financial, Inc.
49,401 2,114,857 
OneMain Holdings, Inc.
19,795 1,094,861 
Synchrony Financial
62,839 4,489,218 
 
 
7,698,936 
Consumer Staples Distribution & Retail — 5.0%
 
 
BJ's Wholesale Club Holdings, Inc.(1)
22,332 1,904,473 
Casey's General Stores, Inc.
6,868 5,268,717 
Dollar General Corp.
42,860 4,740,745 
Dollar Tree, Inc.(1)
37,707 4,390,603 
Kroger Co.
101,087 6,282,557 
Maplebear, Inc.(1)
27,075 1,077,585 
Sprouts Farmers Market, Inc.(1)
14,169 1,170,643 
Target Corp.
51,514 6,545,884 
 
31,381,207 
Containers and Packaging — 1.5%
 
 
AptarGroup, Inc.
170 19,695 
International Paper Co.
79,690 2,667,224 
Packaging Corp. of America
15,991 3,500,590 
Smurfit Westrock PLC
82,176 3,381,542 
 
 
9,569,051 
Diversified Telecommunication Services — 0.1%
 
 
Globalstar, Inc.(1)
9,890 832,837 
Electrical Equipment — 0.9%
 
 
EnerSys
4,150 946,076 
Nextpower, Inc., Class A(1)
29,368 4,593,155 
 
 
5,539,231 
Electronic Equipment, Instruments and Components — 3.6%
 
 
Flex Ltd.(1)
69,048 10,411,057 
Ingram Micro Holding Corp.
698 19,719 
Jabil, Inc.
17,239 6,284,650 
Sanmina Corp.(1)
9,751 2,532,627 
TD SYNNEX Corp.
12,783 3,339,942 
 
 
22,587,995 
Energy Equipment and Services — 2.6%
 
 
Archrock, Inc.
5,715 191,395 
Halliburton Co.
153,671 5,970,118 
Kodiak Gas Services, Inc.
4,184 279,701 


Noble Corp. PLC
17,173 798,201 
NOV, Inc.
51,001 1,017,980 
Patterson-UTI Energy, Inc.
4 45 
TechnipFMC PLC
86,619 5,926,472 
Transocean Ltd.(1)
55,170 341,502 
Valaris Ltd.(1)
3,453 319,852 
Weatherford International PLC
10,736 1,112,679 
 
 
15,957,945 
Entertainment — 0.5%
 
 
ROBLOX Corp., Class A(1)
46,987 2,215,437 
Take-Two Interactive Software, Inc.(1)
4,451 997,736 
 
 
3,213,173 
Financial Services — 1.6%
 
 
Corebridge Financial, Inc.
47,081 1,271,187 
Enact Holdings, Inc.
2,726 113,920 
Essent Group Ltd.
10,779 623,996 
Jack Henry & Associates, Inc.
11,325 1,543,824 
Jackson Financial, Inc., Class A
12,174 1,255,261 
MGIC Investment Corp.
27,239 686,968 
PayPal Holdings, Inc.
79,940 3,577,315 
Voya Financial, Inc.
12,223 992,752 
 
 
10,065,223 
Food Products — 1.7%
 
 
Archer-Daniels-Midland Co.
910 72,600 
Darling Ingredients, Inc.(1)
1,042 61,582 
Hershey Co.
23,922 4,641,586 
Ingredion, Inc.
12,445 1,262,421 
Kraft Heinz Co.
21,442 514,822 
Lamb Weston Holdings, Inc.
14,447 623,821 
Pilgrim's Pride Corp.
8,324 235,652 
Smithfield Foods, Inc.
7,313 188,895 
Tyson Foods, Inc., Class A
48,580 2,964,352 
 
 
10,565,731 
Ground Transportation — 2.9%
 
 
JB Hunt Transport Services, Inc.
16,494 4,559,436 
Lyft, Inc., Class A(1)
5,158 72,779 
Old Dominion Freight Line, Inc.
35,446 7,980,667 
Ryder System, Inc.
7,938 1,991,247 
Saia, Inc.(1)
4,697 2,218,722 
U-Haul Holding Co.(1)(2)
1,430 82,783 
U-Haul Holding Co.
18,722 973,919 
 
 
17,879,553 
Health Care Equipment and Supplies — 1.7%
 
 
Align Technology, Inc.(1)
86 15,046 
Dexcom, Inc.(1)
56,679 4,179,509 
IDEXX Laboratories, Inc.(1)
11,480 6,469,324 
Insulet Corp.(1)
1,187 172,044 
Masimo Corp.(1)
70 12,492 
 
 
10,848,415 
Health Care Providers and Services — 1.6%
 
 
Centene Corp.(1)
105,126 6,265,510 
Encompass Health Corp.
14,433 1,527,733 
Ensign Group, Inc.
5,201 871,948 
Universal Health Services, Inc., Class B
10,058 1,469,574 
 
 
10,134,765 


Hotels, Restaurants and Leisure — 4.6%
 
 
Boyd Gaming Corp.
8,833 730,312 
Brinker International, Inc.(1)
4,989 710,334 
Carnival Corp. Ltd.
233,007 6,538,176 
Chipotle Mexican Grill, Inc.(1)
211,484 6,737,880 
Darden Restaurants, Inc.
18,131 3,697,092 
Las Vegas Sands Corp.
54,605 2,761,375 
Life Time Group Holdings, Inc.(1)
4,817 159,346 
Norwegian Cruise Line Holdings Ltd.(1)
95,608 1,753,451 
Red Rock Resorts, Inc., Class A
3,222 188,100 
Super Group SGHC Ltd.
5,695 70,903 
Texas Roadhouse, Inc.
12,372 2,234,631 
Viking Holdings Ltd.(1)
30,877 2,844,081 
 
 
28,425,681 
Household Durables — 3.2%
 
 
DR Horton, Inc.
42,926 6,313,985 
Installed Building Products, Inc.
3,073 645,269 
Lennar Corp., B Shares(2)
1,900 167,352 
Lennar Corp., Class A
38,071 3,418,014 
Meritage Homes Corp.
1 65 
Mohawk Industries, Inc.(1)
8,017 861,186 
NVR, Inc.(1)
383 2,338,139 
PulteGroup, Inc.
34,705 4,101,437 
Toll Brothers, Inc.
16,724 2,316,943 
 
 
20,162,390 
Independent Power and Renewable Electricity Producers — 0.6%
 
 
Ormat Technologies, Inc.
2,157 296,005 
Talen Energy Corp.(1)
8,455 3,270,394 
 
 
3,566,399 
Insurance — 9.8%
 
 
American Financial Group, Inc.
11,913 1,546,307 
American International Group, Inc.
85,705 6,361,882 
Arch Capital Group Ltd.(1)
56,045 5,007,060 
Assurant, Inc.
7,906 1,967,566 
Axis Capital Holdings Ltd.
13,690 1,299,592 
Cincinnati Financial Corp.
5,773 908,786 
CNA Financial Corp.
3,332 140,144 
Erie Indemnity Co., Class A
1,771 377,347 
Everest Group Ltd.
6,220 2,015,467 
Fidelity National Financial, Inc.
36,084 1,708,577 
First American Financial Corp.
7,927 525,005 
Globe Life, Inc.
13,708 2,100,614 
Hanover Insurance Group, Inc.
1,291 240,384 
Hartford Insurance Group, Inc.
49,664 6,313,784 
Kinsale Capital Group, Inc.
3,263 994,465 
Lincoln National Corp.
29,281 1,033,327 
Loews Corp.
26,452 2,739,105 
Markel Group, Inc.(1)
1,103 2,002,596 
MetLife, Inc.
41,735 3,451,067 
Old Republic International Corp.
37,358 1,390,838 
Oscar Health, Inc., Class A(1)
8,235 183,064 
Primerica, Inc.
5,795 1,564,476 
Principal Financial Group, Inc.
36,356 3,767,209 
Prudential Financial, Inc.
58,333 5,870,633 
Reinsurance Group of America, Inc.
10,321 2,071,838 


RenaissanceRe Holdings Ltd.
7,920 2,220,372 
Unum Group
3,136 261,009 
W.R. Berkley Corp.
45,189 2,871,309 
 
 
60,933,823 
IT Services — 0.0%
 
 
Cognizant Technology Solutions Corp., Class A
1,586 88,427 
Leisure Products — 0.0%
 
 
Brunswick Corp.
1 84 
Mattel, Inc.(1)
996 14,880 
 
 
14,964 
Machinery — 1.6%
 
 
AGCO Corp.
11,511 1,292,455 
Donaldson Co., Inc.
6,749 552,541 
Flowserve Corp.
1,033 78,002 
Graco, Inc.
24,923 1,880,440 
Mueller Industries, Inc.
21,286 2,737,380 
Oshkosh Corp.
6,641 863,330 
Snap-on, Inc.
520 193,029 
Terex Corp.
11,923 693,680 
Timken Co.
1,143 146,281 
Toro Co.
19,376 1,741,515 
 
 
10,178,653 
Marine Transportation — 0.2%
 
 
Kirby Corp.(1)
8,549 1,201,904 
Media — 0.9%
 
 
Fox Corp., Class A
34,583 2,210,545 
Fox Corp., Class B
25,005 1,435,037 
New York Times Co., Class A
5,631 423,508 
Paramount Skydance Corp., Class B
141,022 1,496,243 
Trade Desk, Inc., Class A(1)
1,146 24,708 
 
 
5,590,041 
Metals and Mining — 1.4%
 
 
Hecla Mining Co.
27,301 485,139 
Nucor Corp.
33,244 8,311,000 
 
 
8,796,139 
Oil, Gas and Consumable Fuels — 10.7%
 
 
Antero Midstream Corp.
63,744 1,336,074 
Antero Resources Corp.(1)
42,874 1,532,745 
APA Corp.
86,260 3,142,452 
Cheniere Energy, Inc.
24,606 5,532,905 
Chord Energy Corp.
8,377 1,104,675 
Comstock Resources, Inc.(1)(2)
5,173 68,956 
Devon Energy Corp.
223,380 9,938,190 
Diamondback Energy, Inc.
22,749 4,355,979 
EQT Corp.
101,629 5,582,481 
Expand Energy Corp.
46,171 4,292,980 
Hess Midstream LP, Class A
23,853 894,488 
HF Sinclair Corp.
503 35,155 
Matador Resources Co.
14,229 762,674 
Occidental Petroleum Corp.
119,523 6,768,587 
ONEOK, Inc.
62,488 5,245,243 
Ovintiv, Inc.
43,301 2,426,588 
Permian Resources Corp.
164,132 3,156,258 
Range Resources Corp.
45,273 1,763,383 
SM Energy Co.
23,069 708,449 


Targa Resources Corp.
29,710 7,578,130 
Texas Pacific Land Corp.
1,052 413,436 
 
 
66,639,828 
Passenger Airlines — 3.0%
 
 
Delta Air Lines, Inc.
119,648 9,868,567 
Southwest Airlines Co.
36,337 1,560,674 
United Airlines Holdings, Inc.(1)
61,772 7,091,426 
 
 
18,520,667 
Personal Care Products — 0.6%
 
 
Estee Lauder Cos., Inc., Class A
41,561 3,696,851 
Pharmaceuticals — 1.2%
 
 
Jazz Pharmaceuticals PLC(1)
12,809 3,029,200 
Viatris, Inc.
251,956 4,096,805 
 
 
7,126,005 
Professional Services — 0.4%
 
 
Clarivate PLC(1)
40 101 
Genpact Ltd.
19,489 642,163 
Paycom Software, Inc.
8,038 1,122,667 
Paylocity Holding Corp.(1)
2,523 289,968 
UL Solutions, Inc., Class A
3,201 318,500 
 
 
2,373,399 
Real Estate Management and Development — 0.8%
 
 
CBRE Group, Inc., Class A(1)
39,437 4,931,202 
Jones Lang LaSalle, Inc.(1)
47 13,269 
 
 
4,944,471 
Semiconductors and Semiconductor Equipment — 3.2%
 
 
Amkor Technology, Inc.
28,736 1,998,876 
Cirrus Logic, Inc.(1)
7,732 1,314,054 
First Solar, Inc.(1)
15,483 4,750,030 
GLOBALFOUNDRIES, Inc.(1)
7,824 625,685 
ON Semiconductor Corp.(1)
76,371 9,211,870 
Skyworks Solutions, Inc.
27,272 2,123,125 
 
 
20,023,640 
Software — 0.7%
 
 
Circle Internet Group, Inc.(1)
2,372 268,036 
Clear Secure, Inc., Class A
18,843 1,044,844 
Docusign, Inc.(1)
4,917 258,241 
InterDigital, Inc.
5,027 1,267,257 
Manhattan Associates, Inc.(1)
8,853 1,328,393 
Pegasystems, Inc.
12,373 442,087 
 
 
4,608,858 
Specialty Retail — 4.3%
 
 
AutoNation, Inc.(1)
5,322 999,046 
Best Buy Co., Inc.
38,344 2,988,915 
Burlington Stores, Inc.(1)
11,721 3,795,611 
CarMax, Inc.(1)
1,381 61,620 
Chewy, Inc., Class A(1)
11,274 254,116 
Five Below, Inc.(1)
11,798 2,682,393 
Gap, Inc.
52,913 1,119,110 
Lithia Motors, Inc.
3,702 1,076,875 
Murphy USA, Inc.
3,207 1,622,838 
Tractor Supply Co.
95,451 3,009,570 
Ulta Beauty, Inc.(1)
8,485 4,317,592 
Urban Outfitters, Inc.(1)
8,621 626,316 
Williams-Sonoma, Inc.
21,636 4,404,441 
 
 
26,958,443 


Textiles, Apparel and Luxury Goods — 1.9%
 
 
Deckers Outdoor Corp.(1)
28,460 3,240,171 
Levi Strauss & Co., Class A
17,189 398,785 
Lululemon Athletica, Inc.(1)
21,076 2,764,750 
Ralph Lauren Corp.
7,064 2,570,589 
Tapestry, Inc.
9,204 1,338,814 
VF Corp.
80,428 1,381,753 
 
 
11,694,862 
Trading Companies and Distributors — 1.4%
 
 
Applied Industrial Technologies, Inc.
5,363 1,629,333 
Fastenal Co.
57,186 2,527,621 
Ferguson Enterprises, Inc.
8,612 1,946,054 
WW Grainger, Inc.
2,098 2,589,435 
 
 
8,692,443 
TOTAL COMMON STOCKS
(Cost $552,494,497)
 
621,825,133 
SHORT-TERM INVESTMENTS — 0.1%
 
 
Money Market Funds — 0.1%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
275,578 275,578 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
480,563 480,563 
TOTAL SHORT-TERM INVESTMENTS
(Cost $756,141)
 
756,141 
TOTAL INVESTMENT SECURITIES — 100.0%
(Cost $553,250,638)
 
622,581,274 
OTHER ASSETS AND LIABILITIES — 0.0%
 
95,473 
TOTAL NET ASSETS — 100.0%
 
$622,676,747 

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 $1,059,487. 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 $1,093,004, which includes securities collateral of $612,441.


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.