N-Q 1 acetf53118nqdoc.htm N-Q ACETF 5.31.18 NQ Combined Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number
811-23305
 
 
 
 
 
 
AMERICAN CENTURY ETF TRUST
(Exact name of registrant as specified in charter)
 
 
 
 
4500 MAIN STREET, KANSAS CITY, MISSOURI
64,111
(Address of principal executive offices)
(Zip Code)
 
 
 
 
CHARLES A. ETHERINGTON, 4500 MAIN STREET
KANSAS CITY, MISSOURI 64111
(Name and address of agent for service)
 
 
 
 
Registrant’s telephone number, including area code:
816-531-5575
 
 
 
 
Date of fiscal year end:
08-31
 
 
 
 
Date of reporting period:
5/31/2018






ITEM 1. SCHEDULE OF INVESTMENTS.





American Century Investments® 
Quarterly Portfolio Holdings
American Century® STOXX® U.S. Quality Value ETF
May 31, 2018






amcentlogoa54.jpg
ETFs

    

American Century STOXX® U.S. Quality Value ETF - Schedule of Investments
 
MAY 31, 2018 (UNAUDITED)                       
 
 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.7%
 
 
Aerospace and Defense — 2.5%
 
 
Boeing Co. (The)
42

14,791

General Dynamics Corp.
63

12,708

Huntington Ingalls Industries, Inc.
63

13,927

Lockheed Martin Corp.
56

17,614

Orbital ATK, Inc.
105

14,041

Raytheon Co.
63

13,198

Spirit AeroSystems Holdings, Inc., Class A
637

53,960

Textron, Inc.
238

15,846

United Technologies Corp.
112

13,980

 
 
170,065

Air Freight and Logistics — 0.4%
 
 
FedEx Corp.
56

13,951

United Parcel Service, Inc., Class B
119

13,818

 
 
27,769

Airlines — 2.2%
 
 
Alaska Air Group, Inc.
665

40,439

Delta Air Lines, Inc.
252

13,620

JetBlue Airways Corp.(1) 
707

13,355

Southwest Airlines Co.
259

13,230

United Continental Holdings, Inc.(1) 
959

66,737

 
 
147,381

Auto Components — 0.2%
 
 
Goodyear Tire & Rubber Co. (The)
546

13,339

Automobiles — 0.3%
 
 
Thor Industries, Inc.
245

22,687

Banks — 2.6%
 
 
Bank of America Corp.
4,095

118,919

BB&T Corp.
259

13,597

Fifth Third Bancorp
441

13,486

Regions Financial Corp.
868

15,832

SunTrust Banks, Inc.
196

13,232

 
 
175,066

Beverages — 0.6%
 
 
Coca-Cola Co. (The)
875

37,625

PepsiCo, Inc.
35

3,509

 
 
41,134

Biotechnology — 0.8%
 
 
AbbVie, Inc.
133

13,159

Amgen, Inc.
77

13,831

Biogen, Inc.(1) 
49

14,404

United Therapeutics Corp.(1) 
133

14,175

 
 
55,569

 
 
 


Capital Markets — 1.1%
 
 
Ameriprise Financial, Inc.
98

13,585

Apollo Global Management LLC, Class A
434

13,593

Bank of New York Mellon Corp. (The)
252

13,797

Janus Henderson Group plc
637

19,677

Lazard Ltd., Class A
329

16,924

 
 
77,576

Chemicals — 1.8%
 
 
Chemours Co. (The)
273

13,374

Eastman Chemical Co.
140

14,603

Huntsman Corp.
1,274

40,730

LyondellBasell Industries NV, Class A
455

51,015

 
 
119,722

Commercial Services and Supplies — 0.4%
 
 
Republic Services, Inc.
203

13,689

Waste Management, Inc.
168

13,895

 
 
27,584

Communications Equipment — 0.8%
 
 
Cisco Systems, Inc.
441

18,835

Juniper Networks, Inc.
931

24,802

Motorola Solutions, Inc.
126

13,525

 
 
57,162

Construction and Engineering — 0.6%
 
 
EMCOR Group, Inc.
182

13,819

Fluor Corp.
329

16,035

Jacobs Engineering Group, Inc.
217

14,062

 
 
43,916

Consumer Finance — 0.4%
 
 
American Express Co.
147

14,450

Discover Financial Services
182

13,443

 
 
27,893

Containers and Packaging — 0.6%
 
 
Bemis Co., Inc.
308

13,028

Packaging Corp. of America
119

13,982

Sonoco Products Co.
266

13,601

 
 
40,611

Diversified Financial Services — 0.9%
 
 
Berkshire Hathaway, Inc., Class B(1) 
70

13,407

Voya Financial, Inc.
861

44,720

 
 
58,127

Diversified Telecommunication Services — 3.7%
 
 
AT&T, Inc.
4,473

144,567

CenturyLink, Inc.
3,017

54,970

Verizon Communications, Inc.
1,134

54,058

 
 
253,595

Electric Utilities — 4.5%
 
 
Alliant Energy Corp.
91

3,769

American Electric Power Co., Inc.
819

55,651

Edison International
840

52,214



Entergy Corp.
518

41,911

Eversource Energy
168

9,589

Exelon Corp.
84

3,477

IDACORP, Inc.
35

3,233

NextEra Energy, Inc.
28

4,643

OGE Energy Corp.
427

14,954

PG&E Corp.
1,841

79,771

Portland General Electric Co.
490

20,903

Westar Energy, Inc.
238

13,495

Xcel Energy, Inc.
77

3,505

 
 
307,115

Electrical Equipment — 1.1%
 
 
Acuity Brands, Inc.
224

26,488

Eaton Corp. plc
413

31,627

Regal Beloit Corp.
182

14,460

 
 
72,575

Electronic Equipment, Instruments and Components — 1.4%
 
 
Coherent, Inc.(1) 
161

26,895

Corning, Inc.
504

13,694

Jabil, Inc.
1,463

41,373

TE Connectivity Ltd.
147

13,683

 
 
95,645

Equity Real Estate Investment Trusts (REITs) — 4.6%
 
 
Apple Hospitality REIT, Inc.
182

3,463

Host Hotels & Resorts, Inc.
1,715

37,095

Lamar Advertising Co., Class A
308

21,320

LaSalle Hotel Properties
406

13,926

Liberty Property Trust
77

3,404

National Retail Properties, Inc.
672

27,841

Park Hotels & Resorts, Inc.
1,155

37,214

Public Storage
196

41,521

Simon Property Group, Inc.
224

35,889

Ventas, Inc.
777

42,471

Weingarten Realty Investors
483

14,162

Welltower, Inc.
602

34,705

Weyerhaeuser Co.
91

3,397

 
 
316,408

Food and Staples Retailing — 1.4%
 
 
Walgreens Boots Alliance, Inc.
217

13,539

Walmart, Inc.
1,022

84,356

 
 
97,895

Food Products — 4.5%
 
 
Archer-Daniels-Midland Co.
1,218

53,251

Campbell Soup Co.
1,386

46,625

Conagra Brands, Inc.
378

14,009

Flowers Foods, Inc.
658

13,357

General Mills, Inc.
1,547

65,423

Hershey Co. (The)
35

3,151

Ingredion, Inc.
119

13,255



J.M. Smucker Co. (The)
203

21,822

Kellogg Co.
56

3,606

Tyson Foods, Inc., Class A
1,099

74,150

 
 
308,649

Gas Utilities — 0.2%
 
 
National Fuel Gas Co.
133

7,001

Southwest Gas Holdings, Inc.
49

3,709

 
 
10,710

Health Care Equipment and Supplies — 0.4%
 
 
Danaher Corp.
140

13,899

Medtronic plc
168

14,502

 
 
28,401

Health Care Providers and Services — 10.1%
 
 
Aetna, Inc.
77

13,562

Anthem, Inc.
469

103,846

Centene Corp.(1) 
644

75,451

Cigna Corp.
539

91,290

CVS Health Corp.
1,400

88,746

Envision Healthcare Corp.(1) 
630

27,014

Express Scripts Holding Co.(1) 
1,246

94,459

HCA Healthcare, Inc.
175

18,050

Humana, Inc.
175

50,922

Laboratory Corp. of America Holdings(1) 
77

13,905

McKesson Corp.
91

12,917

Quest Diagnostics, Inc.
133

14,168

UnitedHealth Group, Inc.
63

15,215

Universal Health Services, Inc., Class B
119

13,683

WellCare Health Plans, Inc.(1) 
259

57,413

 
 
690,641

Hotels, Restaurants and Leisure — 2.4%
 
 
Carnival Corp.
217

13,515

Cracker Barrel Old Country Store, Inc.
126

19,745

Darden Restaurants, Inc.
371

32,429

Las Vegas Sands Corp.
434

34,985

McDonald's Corp.
28

4,480

Royal Caribbean Cruises Ltd.
126

13,228

Six Flags Entertainment Corp.
217

14,001

Wyndham Worldwide Corp.
126

13,663

Yum China Holdings, Inc.
357

14,030

 
 
160,076

Household Durables — 1.7%
 
 
Garmin Ltd.
623

37,436

PulteGroup, Inc.
448

13,552

Whirlpool Corp.
434

62,822

 
 
113,810

Household Products — 2.0%
 
 
Clorox Co. (The)
224

27,066

Colgate-Palmolive Co.
308

19,432

Kimberly-Clark Corp.
427

43,063



Procter & Gamble Co. (The)
609

44,560

 
 
134,121

Independent Power and Renewable Electricity Producers — 0.2%
 
 
AES Corp.
1,295

16,511

Industrial Conglomerates — 0.6%
 
 
3M Co.
70

13,806

Carlisle Cos., Inc.
126

13,531

Honeywell International, Inc.
91

13,460

 
 
40,797

Insurance — 2.3%
 
 
Aflac, Inc.
315

14,194

Allstate Corp. (The)
147

13,742

Everest Re Group Ltd.
63

14,193

FNF Group
91

3,363

Hartford Financial Services Group, Inc. (The)
259

13,554

MetLife, Inc.
287

13,199

Old Republic International Corp.
644

13,511

Principal Financial Group, Inc.
238

13,280

Travelers Cos., Inc. (The)
105

13,495

Unum Group
1,064

41,294

 
 
153,825

Internet Software and Services — 0.2%
 
 
Akamai Technologies, Inc.(1) 
210

15,830

IT Services — 5.4%
 
 
Accenture plc, Class A
91

14,172

Booz Allen Hamilton Holding Corp.
357

16,097

Cognizant Technology Solutions Corp., Class A
182

13,714

DXC Technology Co.
147

13,540

Euronet Worldwide, Inc.(1) 
175

14,667

First Data Corp., Class A(1) 
721

13,699

Genpact Ltd.
455

13,664

International Business Machines Corp.
1,225

173,105

MAXIMUS, Inc.
224

13,641

Paychex, Inc.
231

15,149

Sabre Corp.
574

14,069

Teradata Corp.(1) 
357

14,233

Visa, Inc., Class A
112

14,641

Western Union Co. (The)
1,064

21,163

 
 
365,554

Leisure Products — 0.6%
 
 
Brunswick Corp.
469

29,828

Polaris Industries, Inc.
119

13,316

 
 
43,144

Machinery — 1.8%
 
 
AGCO Corp.
203

12,911

Allison Transmission Holdings, Inc.
336

13,880

Caterpillar, Inc.
91

13,824

Crane Co.
161

13,381

Cummins, Inc.
91

12,957



Dover Corp.
175

13,512

Ingersoll-Rand plc
154

13,481

Parker-Hannifin Corp.
77

13,159

Terex Corp.
336

13,299

 
 
120,404

Media — 1.3%
 
 
Comcast Corp., Class A
707

22,044

Interpublic Group of Cos., Inc. (The)
315

7,119

Omnicom Group, Inc.
56

4,036

Time Warner, Inc.
147

13,842

Viacom, Inc., Class B
1,498

40,596

 
 
87,637

Metals and Mining — 0.6%
 
 
Alcoa Corp.(1) 
861

41,388

Multi-Utilities — 1.7%
 
 
Ameren Corp.
294

17,402

CenterPoint Energy, Inc.
1,848

48,288

CMS Energy Corp.
77

3,552

DTE Energy Co.
35

3,585

MDU Resources Group, Inc.
497

13,817

Public Service Enterprise Group, Inc.
329

17,431

Vectren Corp.
140

9,892

WEC Energy Group, Inc.
56

3,536

 
 
117,503

Multiline Retail — 2.7%
 
 
Kohl's Corp.
602

40,184

Macy's, Inc.
1,204

42,032

Nordstrom, Inc.
280

13,728

Target Corp.
1,169

85,208

 
 
181,152

Oil, Gas and Consumable Fuels — 3.4%
 
 
Chevron Corp.
126

15,662

Exxon Mobil Corp.
707

57,437

HollyFrontier Corp.
301

23,231

Marathon Oil Corp.
665

14,251

Marathon Petroleum Corp.
210

16,596

Phillips 66
147

17,124

Range Resources Corp.
903

14,303

Valero Energy Corp.
623

75,508

 
 
234,112

Pharmaceuticals — 3.1%
 
 
Bristol-Myers Squibb Co.
63

3,315

Eli Lilly & Co.
42

3,572

Johnson & Johnson
329

39,355

Merck & Co., Inc.
945

56,256

Pfizer, Inc.
3,094

111,167

 
 
213,665

Professional Services — 0.2%
 
 
ManpowerGroup, Inc.
147

13,230

 
 
 


Real Estate Management and Development — 1.1%
 
 
CBRE Group, Inc., Class A(1) 
287

13,257

Jones Lang LaSalle, Inc.
378

61,901

 
 
75,158

Road and Rail — 0.6%
 
 
Kansas City Southern
126

13,501

Norfolk Southern Corp.
91

13,800

Union Pacific Corp.
98

13,991

 
 
41,292

Semiconductors and Semiconductor Equipment — 5.4%
 
 
Applied Materials, Inc.
1,617

82,111

Intel Corp.
1,736

95,827

Lam Research Corp.
343

67,976

Micron Technology, Inc.(1) 
1,344

77,401

MKS Instruments, Inc.
119

13,352

ON Semiconductor Corp.(1) 
581

14,601

Skyworks Solutions, Inc.
140

13,805

 
 
365,073

Software — 0.4%
 
 
CA, Inc.
392

14,010

Microsoft Corp.
147

14,530

 
 
28,540

Specialty Retail — 2.5%
 
 
Bed Bath & Beyond, Inc.
1,526

27,712

Best Buy Co., Inc.
854

58,286

Foot Locker, Inc.
462

24,934

Gap, Inc. (The)
490

13,710

Signet Jewelers Ltd.
644

27,692

Williams-Sonoma, Inc.
322

17,829

 
 
170,163

Technology Hardware, Storage and Peripherals — 7.2%
 
 
Apple, Inc.
658

122,961

Hewlett Packard Enterprise Co.
5,306

80,863

HP, Inc.
4,298

94,685

NetApp, Inc.
924

63,128

Seagate Technology plc
1,106

62,323

Western Digital Corp.
798

66,641

 
 
490,601

Textiles, Apparel and Luxury Goods — 1.7%
 
 
Michael Kors Holdings Ltd.(1) 
630

36,156

PVH Corp.
84

13,440

Ralph Lauren Corp.
371

49,929

Tapestry, Inc.
308

13,466

 
 
112,991

Thrifts and Mortgage Finance — 0.6%
 
 
Essent Group Ltd.(1) 
392

13,446

MGIC Investment Corp.(1) 
2,618

27,201

 
 
40,647

 
 
 


Tobacco — 1.1%
 
 
Altria Group, Inc.
637

35,506

Philip Morris International, Inc.
511

40,645

 
 
76,151

Trading Companies and Distributors — 0.8%
 
 
HD Supply Holdings, Inc.(1) 
371

15,111

MSC Industrial Direct Co., Inc., Class A
147

13,499

United Rentals, Inc.(1) 
84

13,404

W.W. Grainger, Inc.
49

15,140

 
 
57,154

TOTAL COMMON STOCKS
(Cost $6,950,673)
 
6,797,764

TEMPORARY CASH INVESTMENTS — 0.1%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $9,857)
9,857

9,857

TOTAL INVESTMENT SECURITIES — 99.8%
(Cost $6,960,530)
 
6,807,621

OTHER ASSETS AND LIABILITIES — 0.2%
 
13,621

TOTAL NET ASSETS — 100.0%
 
$
6,821,242

NOTES TO SCHEDULE OF INVESTMENTS
(1)
Non-income producing.


SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS
 
1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value 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 Board of Trustees has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.
 
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 net asset value per share.
 
If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
 
The fund monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s net asset value per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; 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. There were no significant transfers between levels during the period.
 
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 shareholder report.
 




American Century Investments® 
Quarterly Portfolio Holdings
American Century® Diversified Corporate Bond ETF
May 31, 2018






amcentlogoa54.jpg
ETFs



American Century Diversified Corporate Bond ETF - Schedule of Investments
MAY 31, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
CORPORATE BONDS — 98.0%
 
 
Auto Components — 1.2%
 
 
Delphi Technologies plc, 5.00%, 10/1/25(1)
55,000

52,663

Lear Corp., 3.80%, 9/15/27
100,000

95,410

 
 
148,073

Automobiles — 2.0%
 
 
Ally Financial, Inc., 4.625%, 5/19/22
55,000

55,346

General Motors Co., 4.875%, 10/2/23
90,000

93,429

General Motors Financial Co., Inc., 3.10%, 1/15/19
95,000

95,162

 
 
243,937

Banks — 15.8%
 
 
Bank of America Corp., VRN, 3.00%, 12/20/22(2)
265,000

257,379

Capital One Financial Corp., 3.50%, 6/15/23
265,000

260,327

Citigroup, Inc., 4.05%, 7/30/22
255,000

258,679

Huntington Bancshares, Inc., 2.30%, 1/14/22
265,000

255,344

KeyCorp, MTN, 2.90%, 9/15/20
190,000

189,376

Regions Financial Corp., 2.75%, 8/14/22
265,000

256,868

SunTrust Bank, 2.45%, 8/1/22
200,000

192,976

Wells Fargo & Co., 4.125%, 8/15/23
260,000

262,849

 
 
1,933,798

Beverages — 1.9%
 
 
Maple Escrow Subsidiary, Inc., 4.06%, 5/25/23(1)
125,000

125,861

Molson Coors Brewing Co., 2.10%, 7/15/21
115,000

110,666

 
 
236,527

Biotechnology — 2.4%
 
 
AbbVie, Inc., 2.50%, 5/14/20
185,000

183,390

Biogen, Inc., 3.625%, 9/15/22
115,000

115,481

 
 
298,871

Building Products — 0.5%
 
 
Masco Corp., 4.375%, 4/1/26
65,000

65,216

Capital Markets — 0.4%
 
 
MSCI, Inc., 5.25%, 11/15/24(1)
50,000

50,750

Chemicals — 3.5%
 
 
Celanese US Holdings LLC, 4.625%, 11/15/22
75,000

77,454

Dow Chemical Co. (The), 3.00%, 11/15/22
95,000

93,078

LYB International Finance BV, 4.00%, 7/15/23
125,000

126,377

Rayonier AM Products, Inc., 5.50%, 6/1/24(1)
55,000

52,250

Westlake Chemical Corp., 3.60%, 8/15/26
80,000

76,657

 
 
425,816

Commercial Services and Supplies — 0.4%
 
 
ServiceMaster Co. LLC (The), 5.125%, 11/15/24(1)
50,000

48,563

Construction and Engineering — 0.4%
 
 
MasTec, Inc., 4.875%, 3/15/23
55,000

54,656

Construction Materials — 0.5%
 
 
Martin Marietta Materials, Inc., 3.50%, 12/15/27
70,000

65,571

 
 
 


Consumer Finance — 7.6%
 
 
American Express Co., 2.50%, 8/1/22
265,000

254,848

Block Financial LLC, 5.50%, 11/1/22
90,000

94,332

CIT Group, Inc., 5.00%, 8/1/23
55,000

55,688

Discover Financial Services, 3.85%, 11/21/22
265,000

264,330

Synchrony Financial, 3.75%, 8/15/21
265,000

265,746

 
 
934,944

Containers and Packaging — 1.0%
 
 
Berry Global, Inc., 5.125%, 7/15/23
50,000

49,688

Packaging Corp. of America, 4.50%, 11/1/23
75,000

77,820

 
 
127,508

Diversified Financial Services — 6.3%
 
 
Goldman Sachs Group, Inc. (The), VRN, 2.91%, 6/5/22(2)
265,000

256,877

JPMorgan Chase & Co., 3.375%, 5/1/23
260,000

254,906

Morgan Stanley, MTN, 4.10%, 5/22/23
255,000

258,943

 
 
770,726

Diversified Telecommunication Services — 1.5%
 
 
AT&T, Inc., 4.45%, 4/1/24
175,000

179,270

Electronic Equipment, Instruments and Components — 0.9%
 
 
Avnet, Inc., 4.625%, 4/15/26
105,000

104,148

Equity Real Estate Investment Trusts (REITs) — 3.1%
 
 
American Tower Corp., 3.50%, 1/31/23
185,000

183,400

Boston Properties LP, 2.75%, 10/1/26
80,000

72,202

CyrusOne LP / CyrusOne Finance Corp., 5.00%, 3/15/24
55,000

55,206

DDR Corp., 3.625%, 2/1/25
75,000

71,604

 
 
382,412

Food Products — 1.9%
 
 
Conagra Brands, Inc., 3.20%, 1/25/23
110,000

107,651

JBS USA LUX SA / JBS USA Finance, Inc., 5.75%, 6/15/25(1)
60,000

56,250

Kraft Heinz Foods Co., 2.80%, 7/2/20
75,000

74,588

 
 
238,489

Gas Utilities — 4.0%
 
 
Andeavor Logistics LP / Tesoro Logistics Finance Corp., 5.25%, 1/15/25
140,000

144,025

EQT Midstream Partners LP, 4.125%, 12/1/26
145,000

137,620

Plains All American Pipeline LP / PAA Finance Corp., 5.75%, 1/15/20
70,000

72,675

Williams Partners LP, 4.30%, 3/4/24
140,000

141,310

 
 
495,630

Health Care Equipment and Supplies — 2.6%
 
 
Becton Dickinson and Co., 2.40%, 6/5/20
120,000

117,977

Boston Scientific Corp., 2.85%, 5/15/20
150,000

148,954

MEDNAX, Inc., 5.25%, 12/1/23(1)
55,000

54,313

 
 
321,244

Health Care Providers and Services — 2.5%
 
 
AmerisourceBergen Corp., 3.50%, 11/15/21
115,000

115,591

Anthem, Inc., 3.30%, 1/15/23
70,000

69,237

Express Scripts Holding Co., 3.05%, 11/30/22
120,000

116,162

 
 
300,990

Hotels, Restaurants and Leisure — 1.2%
 
 
Eldorado Resorts, Inc., 6.00%, 4/1/25
55,000

55,000



Wyndham Worldwide Corp., 4.25%, 3/1/22
95,000

94,291

 
 
149,291

Household Durables — 1.2%
 
 
Century Communities, Inc., 5.875%, 7/15/25
55,000

52,112

DR Horton, Inc., 4.00%, 2/15/20
95,000

96,424

 
 
148,536

Industrial Conglomerates — 1.5%
 
 
Eaton Corp., 2.75%, 11/2/22
70,000

68,307

Hasbro, Inc., 3.50%, 9/15/27
125,000

115,805

 
 
184,112

Insurance — 3.0%
 
 
Allstate Corp. (The), VRN, 5.75%, 8/15/23(2)
65,000

67,356

American International Group, Inc., 4.875%, 6/1/22
65,000

68,221

International Lease Finance Corp., 5.875%, 8/15/22
90,000

96,555

Prudential Financial, Inc., VRN, 5.625%, 6/15/23(2)
65,000

67,681

Voya Financial, Inc., 3.65%, 6/15/26
75,000

72,000

 
 
371,813

Internet Software and Services — 1.6%
 
 
Expedia Group, Inc., 3.80%, 2/15/28
100,000

91,428

Match Group, Inc., 5.00%, 12/15/27(1)
55,000

52,396

VeriSign, Inc., 4.625%, 5/1/23
50,000

50,625

 
 
194,449

Media — 1.0%
 
 
Charter Communications Operating LLC / Charter Communications Operating Capital, 3.58%, 7/23/20
120,000

120,303

Metals and Mining — 2.4%
 
 
Cleveland-Cliffs, Inc., 5.75%, 3/1/25
60,000

57,487

Goldcorp, Inc., 3.70%, 3/15/23
90,000

89,059

Newmont Mining Corp., 3.50%, 3/15/22
75,000

74,830

Steel Dynamics, Inc., 5.50%, 10/1/24
50,000

51,125

Vale Overseas Ltd., 4.375%, 1/11/22
24,000

24,132

 
 
296,633

Multi-Utilities — 4.5%
 
 
Enel Americas SA, 4.00%, 10/25/26
110,000

104,793

Exelon Corp., 3.50%, 6/1/22
110,000

109,076

FirstEnergy Corp., 4.25%, 3/15/23
105,000

107,135

NRG Energy, Inc., 5.75%, 1/15/28(1)
55,000

54,455

Pacific Gas & Electric Co., 3.50%, 10/1/20
75,000

75,622

PSEG Power LLC, 3.00%, 6/15/21
100,000

99,174

 
 
550,255

Oil, Gas and Consumable Fuels — 10.0%
 
 
Anadarko Petroleum Corp., 4.85%, 3/15/21
135,000

139,838

Carrizo Oil & Gas, Inc., 6.25%, 4/15/23
50,000

50,875

Cenovus Energy, Inc., 3.00%, 8/15/22
145,000

139,388

Cimarex Energy Co., 3.90%, 5/15/27
140,000

137,074

Concho Resources, Inc., 4.375%, 1/15/25
140,000

141,062

Hess Corp., 7.30%, 8/15/31
120,000

141,562

HollyFrontier Corp., 5.875%, 4/1/26
130,000

140,010

Peabody Energy Corp., 6.375%, 3/31/25(1)
55,000

57,269

Pioneer Natural Resources Co., 3.95%, 7/15/22
100,000

101,594



Suburban Propane Partners LP / Suburban Energy Finance Corp., 5.50%, 6/1/24
50,000

48,410

Valero Energy Corp., 7.50%, 4/15/32
105,000

135,612

 
 
1,232,694

Paper and Forest Products — 0.6%
 
 
Fibria Overseas Finance Ltd., 5.50%, 1/17/27
70,000

70,518

Pharmaceuticals — 0.6%
 
 
Allergan Funding SCS, 3.00%, 3/12/20
70,000

69,673

Semiconductors and Semiconductor Equipment — 1.7%
 
 
Broadcom Corp. / Broadcom Cayman Finance Ltd., 2.65%, 1/15/23
115,000

109,105

Entegris, Inc., 4.625%, 2/10/26(1)
44,000

42,405

Micron Technology, Inc., 5.50%, 2/1/25
55,000

57,494

 
 
209,004

Software — 2.4%
 
 
Activision Blizzard, Inc., 2.30%, 9/15/21
190,000

184,536

Citrix Systems, Inc., 4.50%, 12/1/27
110,000

107,357

 
 
291,893

Specialty Retail — 0.8%
 
 
Best Buy Co., Inc., 5.50%, 3/15/21
90,000

94,730

Technology Hardware, Storage and Peripherals — 2.8%
 
 
Dell International LLC / EMC Corp., 4.42%, 6/15/21(1)
70,000

71,285

Hewlett Packard Enterprise Co., 4.40%, 10/15/22
105,000

108,498

j2 Cloud Services LLC / j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(1)
50,000

50,375

Seagate HDD Cayman, 4.875%, 3/1/24
110,000

107,227

 
 
337,385

Textiles, Apparel and Luxury Goods — 0.8%
 
 
Tapestry, Inc., 4.25%, 4/1/25
100,000

99,088

Wireless Telecommunication Services — 1.5%
 
 
Vodafone Group plc, 2.95%, 2/19/23
185,000

178,806

TOTAL CORPORATE BONDS
(Cost $12,336,154)
 
12,026,322

TEMPORARY CASH INVESTMENTS — 1.0%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $128,287)
128,287

128,287

TOTAL INVESTMENT SECURITIES — 99.0%
(Cost $12,464,441)
 
12,154,609

OTHER ASSETS AND LIABILITIES — 1.0%
 
121,922

TOTAL NET ASSETS — 100.0%
 
$
12,276,531

NOTES TO SCHEDULE OF INVESTMENTS
MTN
-
Medium Term Note
VRN
-
Variable Rate Note. Interest reset date is indicated. Rate shown is effective at the period end.
(1)
Security was purchased pursuant to Rule 144A 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 $768,835, which represented 6.3% of total net assets.
(2)
Coupon rate adjusts periodically based upon a predetermined schedule. Interest reset date is indicated. Rate shown is effective at the period end.



SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS
 
1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value 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 Board of Trustees has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.
 
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 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.
 
Open-end management investment companies are valued at the reported net asset value per share.
 
If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
 
The fund monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s net asset value per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; 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. There were no significant transfers between levels during the period.

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund’s portfolio holdings.
 
Level 1 ($)
Level 2 ($)
Level 3 ($)
Assets
 
 
 
Investment Securities
 
 
 
Corporate Bonds
—

12,026,322

—

Temporary Cash Investments
128,287

—

—

 
128,287

12,026,322

—





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 shareholder report.


ITEM 2. CONTROLS AND PROCEDURES.

(a)
The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b)
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.


ITEM 3. EXHIBITS.

Separate certifications by the registrant’s principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are filed and attached hereto as Exhibit 99.CERT.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Registrant:
American Century ETF Trust
 
 
 
 
 
 
 
 
 
By:
/s/ Jonathan S. Thomas
 
 
Name:
Jonathan S. Thomas
 
 
Title:
President
 
 
 
 
 
Date:
July 26, 2018
 


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:
/s/ Jonathan S. Thomas
 
 
Name:
Jonathan S. Thomas
 
 
Title:
President
 
 
(principal executive officer)
 
 
 
 
Date:
July 26, 2018
 



By:
/s/ C. Jean Wade
 
 
Name:
C. Jean Wade
 
 
Title:
Vice President, Treasurer, and
 
 
Chief Financial Officer
 
 
 
(principal financial officer)
 
 
 
 
Date:
July 26, 2018