N-Q 1 acetf113018nqsdoc.htm N-Q ACETF 11.30.18 NQs 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
64111
(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:
11-30-2018


ITEM 1. SCHEDULE OF INVESTMENTS.






American Century Investments® 
Quarterly Portfolio Holdings
American Century® Diversified Corporate Bond ETF (KORP)
November 30, 2018






acetflogo.jpg



American Century Diversified Corporate Bond ETF - Schedule of Investments
NOVEMBER 30, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
CORPORATE BONDS — 97.5%
 
 
Airlines — 0.6%
 
 
Delta Air Lines, Inc., 3.80%, 4/19/23
182,000

177,909

Auto Components — 0.8%
 
 
Lear Corp., 3.80%, 9/15/27
260,000

234,514

Automobiles — 1.8%
 
 
Ally Financial, Inc., 4.625%, 5/19/22
143,000

143,357

General Motors Co., 4.875%, 10/2/23
234,000

234,466

Harley-Davidson, Inc., 3.50%, 7/28/25
195,000

185,548

 
 
563,371

Banks — 15.9%
 
 
Bank of America Corp., VRN, 3.00%, 12/20/23
689,000

661,020

Capital One Financial Corp., 3.50%, 6/15/23
689,000

670,730

Citigroup, Inc., 4.05%, 7/30/22
663,000

666,179

Huntington Bancshares, Inc., 2.30%, 1/14/22
689,000

658,561

KeyCorp, MTN, 2.90%, 9/15/20
494,000

488,972

Regions Financial Corp., 2.75%, 8/14/22
689,000

661,705

SunTrust Bank, 2.45%, 8/1/22
520,000

499,227

Wells Fargo & Co., 4.125%, 8/15/23
676,000

673,806

 
 
4,980,200

Beverages — 2.0%
 
 
Constellation Brands, Inc., 3.20%, 2/15/23
299,000

289,363

Keurig Dr Pepper, Inc., 4.06%, 5/25/23(1)
325,000

320,807

 
 
610,170

Biotechnology — 1.8%
 
 
Biogen, Inc., 3.625%, 9/15/22
299,000

298,349

Celgene Corp., 2.875%, 8/15/20
260,000

257,084

 
 
555,433

Building Products — 0.5%
 
 
Masco Corp., 4.375%, 4/1/26
169,000

166,825

Chemicals — 3.5%
 
 
Celanese US Holdings LLC, 4.625%, 11/15/22
195,000

198,363

Dow Chemical Co. (The), 3.00%, 11/15/22
247,000

238,525

LYB International Finance BV, 4.00%, 7/15/23
325,000

323,489

Rayonier AM Products, Inc., 5.50%, 6/1/24(1)
143,000

131,560

Westlake Chemical Corp., 3.60%, 8/15/26
208,000

190,724

 
 
1,082,661

Construction and Engineering — 0.4%
 
 
MasTec, Inc., 4.875%, 3/15/23
143,000

139,246

Construction Materials — 0.5%
 
 
Martin Marietta Materials, Inc., 3.50%, 12/15/27
182,000

165,430

Consumer Finance — 8.3%
 
 
American Express Co., 2.50%, 8/1/22
689,000

657,886

Block Financial LLC, 5.50%, 11/1/22
234,000

241,161

CIT Group, Inc., 5.00%, 8/1/23
143,000

143,715



Discover Financial Services, 3.85%, 11/21/22
689,000

681,021

S&P Global, Inc., 4.00%, 6/15/25
195,000

195,228

Synchrony Financial, 3.75%, 8/15/21
689,000

672,208

 
 
2,591,219

Containers and Packaging — 0.5%
 
 
Berry Global, Inc., 5.125%, 7/15/23
130,000

129,269

Packaging Corp. of America, 4.50%, 11/1/23
13,000

13,289

 
 
142,558

Diversified Financial Services — 6.3%
 
 
Goldman Sachs Group, Inc. (The), VRN, 2.91%, 6/5/23
689,000

660,942

JPMorgan Chase & Co., 3.375%, 5/1/23
676,000

656,776

Morgan Stanley, MTN, 4.10%, 5/22/23
663,000

658,461

 
 
1,976,179

Diversified Telecommunication Services — 1.5%
 
 
AT&T, Inc., 4.45%, 4/1/24
455,000

457,839

Electronic Equipment, Instruments and Components — 0.8%
 
 
Avnet, Inc., 4.625%, 4/15/26
273,000

264,924

Entertainment — 1.9%
 
 
Activision Blizzard, Inc., 2.30%, 9/15/21
494,000

478,078

DISH DBS Corp., 5.125%, 5/1/20
130,000

130,162

 
 
608,240

Equity Real Estate Investment Trusts (REITs) — 3.7%
 
 
American Tower Corp., 3.50%, 1/31/23
481,000

468,591

Boston Properties LP, 2.75%, 10/1/26
208,000

186,486

CyrusOne LP / CyrusOne Finance Corp., 5.00%, 3/15/24
143,000

142,285

SITE Centers Corp., 3.625%, 2/1/25
195,000

183,779

Weyerhaeuser Co., 4.625%, 9/15/23
182,000

188,111

 
 
1,169,252

Food Products — 2.0%
 
 
Conagra Brands, Inc., 3.20%, 1/25/23
286,000

278,220

JBS USA LUX SA / JBS USA Finance, Inc., 5.75%, 6/15/25(1)
156,000

151,515

Kraft Heinz Foods Co., 2.80%, 7/2/20
195,000

192,660

 
 
622,395

Gas Utilities — 4.0%
 
 
Andeavor Logistics LP / Tesoro Logistics Finance Corp., 5.25%, 1/15/25
364,000

370,097

EQM Midstream Partners LP, 4.125%, 12/1/26
377,000

340,354

Plains All American Pipeline LP / PAA Finance Corp., 5.75%, 1/15/20
182,000

185,787

Williams Cos., Inc. (The), 4.30%, 3/4/24
364,000

359,874

 
 
1,256,112

Health Care Equipment and Supplies — 2.6%
 
 
Becton Dickinson and Co., 2.40%, 6/5/20
312,000

306,337

Boston Scientific Corp., 2.85%, 5/15/20
390,000

386,306

Hologic, Inc., 4.375%, 10/15/25(1)
130,000

124,150

 
 
816,793

Health Care Providers and Services — 3.3%
 
 
AmerisourceBergen Corp., 3.50%, 11/15/21
299,000

297,390

Anthem, Inc., 3.30%, 1/15/23
182,000

178,204

DaVita, Inc., 5.125%, 7/15/24
130,000

125,450

Encompass Health Corp., 5.75%, 11/1/24
130,000

130,650



Express Scripts Holding Co., 3.05%, 11/30/22
312,000

302,430

 
 
1,034,124

Hotels, Restaurants and Leisure — 2.2%
 
 
Hyatt Hotels Corp., 4.85%, 3/15/26
195,000

197,863

KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC, 5.00%, 6/1/24(1)
130,000

128,538

Wyndham Destinations, Inc., 4.25%, 3/1/22
247,000

238,972

Wyndham Hotels & Resorts, Inc., 5.375%, 4/15/26(1)
130,000

125,775

 
 
691,148

Household Durables — 1.2%
 
 
Century Communities, Inc., 5.875%, 7/15/25
143,000

129,594

DR Horton, Inc., 4.00%, 2/15/20
247,000

247,367

 
 
376,961

Industrial Conglomerates — 1.0%
 
 
Hasbro, Inc., 3.50%, 9/15/27
325,000

298,738

Insurance — 3.0%
 
 
Allstate Corp. (The), VRN, 5.75%, 8/15/53
169,000

167,521

American International Group, Inc., 4.875%, 6/1/22
169,000

173,529

International Lease Finance Corp., 5.875%, 8/15/22
234,000

245,498

Prudential Financial, Inc., VRN, 5.625%, 6/15/43
169,000

169,845

Voya Financial, Inc., 3.65%, 6/15/26
195,000

183,896

 
 
940,289

Interactive Media and Services — 0.4%
 
 
Match Group, Inc., 5.00%, 12/15/27(1)
143,000

133,705

Internet and Direct Marketing Retail — 0.8%
 
 
Expedia Group, Inc., 3.80%, 2/15/28
260,000

236,810

IT Services — 0.4%
 
 
VeriSign, Inc., 4.625%, 5/1/23
130,000

130,325

Media — 1.0%
 
 
Charter Communications Operating LLC / Charter Communications Operating Capital, 3.58%, 7/23/20
312,000

310,969

Metals and Mining — 2.3%
 
 
Kinross Gold Corp., 4.50%, 7/15/27
364,000

314,860

Newmont Mining Corp., 3.50%, 3/15/22
195,000

191,634

Southern Copper Corp., 3.875%, 4/23/25
195,000

183,655

Vale Overseas Ltd., 4.375%, 1/11/22
26,000

26,455

 
 
716,604

Multi-Utilities — 3.8%
 
 
Edison International, 4.125%, 3/15/28
273,000

256,673

Enel Americas SA, 4.00%, 10/25/26
286,000

266,678

Exelon Corp., 3.50%, 6/1/22
286,000

277,614

NRG Energy, Inc., 5.75%, 1/15/28
143,000

139,961

PSEG Power LLC, 3.00%, 6/15/21
260,000

255,889

 
 
1,196,815

Oil, Gas and Consumable Fuels — 9.8%
 
 
Anadarko Petroleum Corp., 4.85%, 3/15/21
351,000

358,446

Carrizo Oil & Gas, Inc., 6.25%, 4/15/23
130,000

124,475

Cenovus Energy, Inc., 3.00%, 8/15/22
377,000

355,274

Cimarex Energy Co., 3.90%, 5/15/27
364,000

335,223

Concho Resources, Inc., 4.375%, 1/15/25
364,000

356,417

Hess Corp., 7.30%, 8/15/31
312,000

344,865



HollyFrontier Corp., 5.875%, 4/1/26
338,000

346,986

Peabody Energy Corp., 6.375%, 3/31/25(1)
143,000

137,816

Pioneer Natural Resources Co., 3.95%, 7/15/22
260,000

258,954

Suburban Propane Partners LP / Suburban Energy Finance Corp., 5.50%, 6/1/24
130,000

123,825

Valero Energy Corp., 7.50%, 4/15/32
273,000

331,966

 
 
3,074,247

Paper and Forest Products — 0.6%
 
 
Fibria Overseas Finance Ltd., 5.50%, 1/17/27
182,000

182,501

Semiconductors and Semiconductor Equipment — 1.2%
 
 
Broadcom Corp. / Broadcom Cayman Finance Ltd., 2.65%, 1/15/23
299,000

279,389

Entegris, Inc., 4.625%, 2/10/26(1)
116,000

107,925

 
 
387,314

Software — 0.9%
 
 
Citrix Systems, Inc., 4.50%, 12/1/27
286,000

269,083

Specialty Retail — 1.2%
 
 
Best Buy Co., Inc., 5.50%, 3/15/21
234,000

243,104

United Rentals North America, Inc., 4.625%, 10/15/25
130,000

120,699

 
 
363,803

Technology Hardware, Storage and Peripherals — 2.7%
 
 
Dell International LLC / EMC Corp., 4.42%, 6/15/21(1)
182,000

182,302

Hewlett Packard Enterprise Co., 4.40%, 10/15/22
273,000

277,620

j2 Cloud Services LLC / j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(1)
130,000

130,488

Seagate HDD Cayman, 4.875%, 3/1/24
286,000

268,891

 
 
859,301

Textiles, Apparel and Luxury Goods — 0.8%
 
 
Tapestry, Inc., 4.25%, 4/1/25
260,000

251,829

Wireless Telecommunication Services — 1.5%
 
 
Vodafone Group plc, 2.95%, 2/19/23
481,000

459,438

TOTAL CORPORATE BONDS
(Cost $31,205,087)
 
30,495,274

TEMPORARY CASH INVESTMENTS — 1.3%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $407,966)
407,966

407,966

TOTAL INVESTMENT SECURITIES — 98.8%
(Cost $31,613,053)
 
30,903,240

OTHER ASSETS AND LIABILITIES — 1.2%
 
370,119

TOTAL NET ASSETS — 100.0%
 
$
31,273,359


FUTURES CONTRACTS SOLD
Reference Entity
Contracts
Expiration
Date
Notional
Amount
Underlying
Contract
Value
Unrealized
Appreciation
(Depreciation)
U.S. Treasury 5-Year Notes
7
March 2019
$
700,000

$
790,726

$
367

U.S. Treasury 10-Year Notes
5
March 2019
$
500,000

597,266

(343
)
 
 
 
 
$
1,387,992

$
24




NOTES TO SCHEDULE OF INVESTMENTS
MTN
-
Medium Term Note
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.
(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 $1,674,581, which represented 5.4% of total net assets.


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. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.
 
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.



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
—

30,495,274

—

Temporary Cash Investments
407,966

—

—

 
407,966

30,495,274

—

Other Financial Instruments
 
 
 
Futures Contracts
367

—

—

Liabilities
 
 
 
Other Financial Instruments
 
 
 
Futures Contracts
343

—

—



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 Municipal Bond ETF (TAXF)
November 30, 2018






acetflogo.jpg



American Century Diversified Municipal Bond ETF - Schedule of Investments
NOVEMBER 30, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 98.1%
 
 
Alabama — 2.4%
 
 
Southeast Alabama Gas Supply District Rev., VRDN, 4.00%, 4/1/24
280,000

294,053

Arizona — 3.5%
 
 
Tempe Industrial Development Authority Rev., (Mirabella at ASU, Inc.), 4.00%, 10/1/23(1)
440,000

440,132

California — 2.9%
 
 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.25%, 12/1/38(1)
240,000

255,300

Morongo Band of Mission Indians Rev., 5.00%, 10/1/42(1)
100,000

101,702

 
 
357,002

Colorado — 2.3%
 
 
City & County of Denver Rev., (United Airlines, Inc.), 5.00%, 10/1/32
180,000

189,270

Denver Urban Renewal Authority Tax Allocation, 5.25%, 12/1/39(1)
100,000

99,246

 
 
288,516

Florida — 5.3%
 
 
Greater Orlando Aviation Authority Rev., 5.00%, 10/1/33
180,000

201,879

State of Florida GO, 5.00%, 6/1/21
420,000

450,790

 
 
652,669

Hawaii — 2.1%
 
 
City & County Honolulu Wastewater System Rev., 4.00%, 7/1/32
250,000

261,753

Illinois — 12.7%
 
 
Chicago GO, 5.00%, 1/1/40
280,000

282,845

Chicago Board of Education GO, 5.00%, 12/1/34
280,000

284,253

Illinois State Toll Highway Authority Rev., 5.00%, 1/1/37
325,000

355,105

State of Illinois GO, 5.00%, 11/1/21
440,000

457,591

State of Illinois GO, 5.00%, 11/1/29
180,000

188,964

 
 
1,568,758

Iowa — 1.6%
 
 
Iowa Finance Authority Rev., (Lifespace Communities, Inc. Obligated Group), 5.00%, 5/15/48
200,000

204,980

Kentucky — 4.3%
 
 
Kentucky Bond Development Corp. Rev., 5.00%, 9/1/38
250,000

276,362

Kentucky Public Energy Authority Rev., VRDN, 4.00%, 1/1/25
250,000

261,925

 
 
538,287

Louisiana — 2.2%
 
 
New Orleans Aviation Board Rev., (Parking Facilities Corp.), 5.00%, 10/1/48 (AGM)
250,000

275,310

Maryland — 1.8%
 
 
State of Maryland Department of Transportation Rev., 5.00%, 2/1/22
200,000

218,078

Michigan — 5.5%
 
 
Detroit Downtown Development Authority Tax Allocation, 5.00%, 7/1/23 (AGM)(2)
350,000

379,264

Michigan Finance Authority Rev., (Trinity Health Corp. Obligated Group), 5.00%, 12/1/47
280,000

298,561

 
 
677,825

Nebraska — 1.8%
 
 
Omaha Public Power District Rev., 5.00%, 2/1/23
200,000

222,810

Nevada — 4.2%
 
 
Clark County Department of Aviation Rev., 5.00%, 7/1/21
140,000

148,900



State of Nevada Highway Improvement Rev., 4.00%, 12/1/33
350,000

370,303

 
 
519,203

New Jersey — 10.7%
 
 
New Jersey Economic Development Authority Rev., 5.50%, 6/15/30
260,000

290,511

New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/22
440,000

473,598

New Jersey Transportation Trust Fund Authority Rev., 5.00%, 12/15/28
250,000

279,130

Tobacco Settlement Financing Corp. Rev., 5.00%, 6/1/46
280,000

280,776

 
 
1,324,015

New York — 9.7%
 
 
Build NYC Resource Corp. Rev., (Albert Einstein College of Medicine, Inc.), 5.50%, 9/1/45(1)
100,000

104,744

Metropolitan Transportation Authority Rev., 5.00%, 5/15/21
120,000

127,468

New York Liberty Development Corp. Rev., (3 World Trade Center LLC), 5.00%, 11/15/44(1)
280,000

286,202

New York Liberty Development Corp. Rev., (Goldman Sachs Headquarters LLC), 5.25%, 10/1/35
240,000

289,298

New York Transportation Development Corp. Rev., (American Airlines, Inc.), 5.00%, 8/1/26 (GA: American Airlines Group)
380,000

395,903

 
 
1,203,615

Ohio — 5.7%
 
 
Buckeye Tobacco Settlement Financing Authority Rev., 5.125%, 6/1/24
250,000

233,758

Cuyahoga County Rev., (MetroHealth System), 5.00%, 2/15/42
360,000

374,767

Ohio Higher Educational Facility Commission Rev., (Cleveland Institute of Art), 5.50%, 12/1/53
100,000

101,767

 
 
710,292

Pennsylvania — 7.9%
 
 
Pennsylvania GO, 5.00%, 7/1/20
400,000

418,508

Pennsylvania Turnpike Commission Rev., 5.00%, 12/1/46
180,000

194,454

School District of Philadelphia GO, 5.00%, 9/1/20
350,000

366,215

 
 
979,177

Texas — 3.8%
 
 
North Texas Tollway Authority Rev., (North Texas Tollway System), 5.00%, 1/1/26
420,000

468,938

Virginia — 1.7%
 
 
Peninsula Town Center Community Development Authority Special Assessment, 5.00%, 9/1/45(1)
200,000

205,546

Washington — 3.1%
 
 
State of Washington GO, 5.25%, 2/1/22
350,000

383,709

Wisconsin — 2.9%
 
 
Public Finance Authority Rev., (Ameream LLC), 7.00%, 12/1/50(1)
200,000

225,288

Public Finance Authority Rev., (Bancroft Neurohealth/Bancroft Rehabilitation Services Obligated Group), 5.125%, 6/1/48(1)
25,000

24,943

Public Finance Authority Rev., (Guilford College), 5.00%, 1/1/38
105,000

106,836

 
 
357,067

TOTAL INVESTMENT SECURITIES — 98.1%
(Cost $12,284,311)
 
12,151,735

OTHER ASSETS AND LIABILITIES — 1.9%
 
241,471

TOTAL NET ASSETS — 100.0%
 
$
12,393,206


FUTURES CONTRACTS SOLD
Reference Entity
Contracts
Expiration
Date
Notional
Amount
Underlying
Contract
Value
Unrealized
Appreciation
(Depreciation)
U.S. Treasury Long Bonds
2
March 2019
$
200,000

$
279,813

$
(989
)



NOTES TO SCHEDULE OF INVESTMENTS
AGM
-
Assured Guaranty Municipal Corporation
GA
-
Guaranty Agreement
GO
-
General Obligation
VRDN
-
Variable Rate Demand Note. The instrument may be payable upon demand and 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 date of the demand feature is disclosed.
(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 $1,743,103, which represented 14.1% of total net assets.
(2)
When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.


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. Municipal securities 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.
 
Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.
 
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.
 
As of period end, the fund’s investment securities and unrealized appreciation (depreciation) on futures contracts were classified as Level 2 and Level 1, respectively. 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® STOXX® U.S. Quality Growth ETF  (QGRO)
November 30, 2018






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American Century STOXX® U.S. Quality Growth ETF  - Schedule of Investments
 
NOVEMBER 30, 2018 (UNAUDITED)                       
 
 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.8%
 
 
Aerospace and Defense — 2.8%
 
 
Boeing Co. (The)
726

251,748

Curtiss-Wright Corp.
110

12,144

Lockheed Martin Corp.
44

13,219

 
 
277,111

Air Freight and Logistics — 0.2%
 
 
CH Robinson Worldwide, Inc.
132

12,189

Expeditors International of Washington, Inc.
165

12,555

 
 
24,744

Airlines — 1.8%
 
 
Delta Air Lines, Inc.
231

14,024

Southwest Airlines Co.
2,222

121,344

United Continental Holdings, Inc.(1) 
429

41,484

 
 
176,852

Beverages — 1.4%
 
 
Monster Beverage Corp.(1) 
2,376

141,800

Biotechnology — 5.6%
 
 
AbbVie, Inc.
1,683

158,673

Biogen, Inc.(1) 
44

14,684

Exelixis, Inc.(1) 
2,574

52,278

Regeneron Pharmaceuticals, Inc.(1) 
341

124,687

Vertex Pharmaceuticals, Inc.(1) 
1,155

208,812

 
 
559,134

Building Products — 0.6%
 
 
Allegion plc
132

12,090

Lennox International, Inc.
121

27,335

Trex Co., Inc.(1) 
396

25,241

 
 
64,666

Capital Markets — 4.9%
 
 
Charles Schwab Corp. (The)
2,332

104,474

E*TRADE Financial Corp.
253

13,229

Evercore, Inc., Class A
429

35,423

LPL Financial Holdings, Inc.
968

62,117

MarketAxess Holdings, Inc.
418

91,011

Moody's Corp.
77

12,248

MSCI, Inc.
869

136,511

S&P Global, Inc.
143

26,149

SEI Investments Co.
220

11,814

 
 
492,976

Chemicals — 0.9%
 
 
Air Products & Chemicals, Inc.
77

12,387

Celanese Corp.
121

12,213

FMC Corp.
264

21,843

Huntsman Corp.
770

15,570



Mosaic Co. (The)
462

16,632

Sherwin-Williams Co. (The)
33

13,994

 
 
92,639

Commercial Services and Supplies — 0.5%
 
 
Cintas Corp.
132

24,734

Copart, Inc.(1) 
242

12,386

Waste Management, Inc.
132

12,375

 
 
49,495

Communications Equipment — 1.1%
 
 
Arista Networks, Inc.(1) 
429

102,308

F5 Networks, Inc.(1) 
66

11,351

 
 
113,659

Construction Materials — 0.1%
 
 
Vulcan Materials Co.
110

11,629

Containers and Packaging — 0.1%
 
 
Packaging Corp. of America
121

11,836

Distributors — 0.3%
 
 
Pool Corp.
165

26,814

Diversified Consumer Services — 0.2%
 
 
Bright Horizons Family Solutions, Inc.(1) 
121

14,723

Electric Utilities — 0.7%
 
 
Evergy, Inc.
198

11,757

IDACORP, Inc.
121

11,887

NextEra Energy, Inc.
231

41,975

 
 
65,619

Electronic Equipment, Instruments and Components — 0.7%
 
 
CDW Corp.
132

12,234

National Instruments Corp.
1,023

50,086

Zebra Technologies Corp., Class A(1) 
66

11,867

 
 
74,187

Entertainment — 0.2%
 
 
Electronic Arts, Inc.(1) 
143

12,022

Take-Two Interactive Software, Inc.(1) 
110

12,064

 
 
24,086

Equity Real Estate Investment Trusts (REITs) — 0.2%
 
 
Crown Castle International Corp.
132

15,167

Food and Staples Retailing — 0.2%
 
 
US Foods Holding Corp.(1) 
473

15,694

Health Care Equipment and Supplies — 5.0%
 
 
ABIOMED, Inc.(1) 
308

102,465

Align Technology, Inc.(1) 
429

98,623

Baxter International, Inc.
363

24,887

Edwards Lifesciences Corp.(1) 
198

32,078

IDEXX Laboratories, Inc.(1) 
979

199,481

Intuitive Surgical, Inc.(1) 
22

11,679

Masimo Corp.(1) 
231

25,507

West Pharmaceutical Services, Inc.
110

12,052

 
 
506,772

 
 
 


Health Care Providers and Services — 3.0%
 
 
Centene Corp.(1) 
176

25,038

Chemed Corp.
275

87,117

Encompass Health Corp.
1,309

98,450

HealthEquity, Inc.(1) 
594

52,688

Humana, Inc.
44

14,496

Universal Health Services, Inc., Class B
88

12,144

WellCare Health Plans, Inc.(1) 
44

11,215

 
 
301,148

Health Care Technology — 2.7%
 
 
athenahealth, Inc.(1) 
726

96,630

Cerner Corp.(1) 
1,023

59,242

Medidata Solutions, Inc.(1) 
176

13,589

Veeva Systems, Inc., Class A(1) 
1,056

101,545

 
 
271,006

Hotels, Restaurants and Leisure — 4.0%
 
 
Chipotle Mexican Grill, Inc.(1) 
154

72,874

Darden Restaurants, Inc.
110

12,159

Domino's Pizza, Inc.
55

15,253

Dunkin' Brands Group, Inc.
165

12,210

Planet Fitness, Inc., Class A(1) 
440

24,301

Starbucks Corp.
2,387

159,261

Texas Roadhouse, Inc.
187

12,350

Wendy's Co. (The)
4,752

85,203

Yum China Holdings, Inc.
341

12,218

 
 
405,829

Household Durables — 0.9%
 
 
NVR, Inc.(1) 
33

80,850

PulteGroup, Inc.
462

12,255

 
 
93,105

Insurance — 0.1%
 
 
Progressive Corp. (The)
209

13,855

Interactive Media and Services — 3.2%
 
 
Alphabet, Inc., Class C(1) 
22

24,078

Facebook, Inc., Class A(1) 
1,243

174,778

IAC/InterActiveCorp(1) 
484

86,133

SINA Corp.(1) 
198

12,826

Twitter, Inc.(1) 
737

23,186

 
 
321,001

Internet and Direct Marketing Retail — 3.5%
 
 
Amazon.com, Inc.(1) 
154

260,286

Booking Holdings, Inc.(1) 
7

13,243

Etsy, Inc.(1) 
495

26,755

MercadoLibre, Inc.
154

54,203

 
 
354,487

IT Services — 10.0%
 
 
Automatic Data Processing, Inc.
99

14,595

Black Knight, Inc.(1) 
264

11,970

Booz Allen Hamilton Holding Corp.
2,574

132,072



Broadridge Financial Solutions, Inc.
242

25,621

Cognizant Technology Solutions Corp., Class A
176

12,536

EPAM Systems, Inc.(1) 
484

63,041

Fiserv, Inc.(1) 
154

12,186

Global Payments, Inc.
110

12,299

MasterCard, Inc., Class A
1,507

303,012

MAXIMUS, Inc.
803

57,109

PayPal Holdings, Inc.(1) 
1,496

128,372

Square, Inc., Class A(1) 
726

50,704

Visa, Inc., Class A
1,331

188,616

 
 
1,012,133

Life Sciences Tools and Services — 2.8%
 
 
Bio-Rad Laboratories, Inc., Class A(1) 
396

108,686

Illumina, Inc.(1) 
341

115,088

PRA Health Sciences, Inc.(1) 
462

53,934

 
 
277,708

Machinery — 2.4%
 
 
Allison Transmission Holdings, Inc.
1,518

71,513

Graco, Inc.
561

24,712

Illinois Tool Works, Inc.
88

12,236

Ingersoll-Rand plc
121

12,526

Lincoln Electric Holdings, Inc.
143

12,291

Snap-on, Inc.
77

12,800

Toro Co. (The)
1,529

94,783

 
 
240,861

Media — 1.5%
 
 
Cable One, Inc.
11

9,892

Charter Communications, Inc., Class A(1) 
385

126,746

Sirius XM Holdings, Inc.
1,969

12,267

 
 
148,905

Metals and Mining — 0.1%
 
 
Steel Dynamics, Inc.
330

11,616

Multi-Utilities — 0.6%
 
 
CenterPoint Energy, Inc.
2,090

58,541

Multiline Retail — 0.5%
 
 
Dollar General Corp.
110

12,209

Dollar Tree, Inc.(1) 
143

12,408

Kohl's Corp.
187

12,561

Nordstrom, Inc.
231

12,213

 
 
49,391

Oil, Gas and Consumable Fuels — 2.1%
 
 
Cabot Oil & Gas Corp.
2,904

73,094

EOG Resources, Inc.
121

12,500

Exxon Mobil Corp.
154

12,245

HollyFrontier Corp.
198

12,369

Phillips 66
1,122

104,929

 
 
215,137

Pharmaceuticals — 0.4%
 
 
Bristol-Myers Squibb Co.
231

12,352



Zoetis, Inc.
330

30,977

 
 
43,329

Professional Services — 1.9%
 
 
ASGN, Inc.(1) 
176

12,190

CoStar Group, Inc.(1) 
319

117,835

Insperity, Inc.
495

49,525

Robert Half International, Inc.
198

12,242

 
 
191,792

Road and Rail — 1.9%
 
 
CSX Corp.
374

27,164

J.B. Hunt Transport Services, Inc.
418

44,458

Landstar System, Inc.
231

25,197

Norfolk Southern Corp.
77

13,148

Old Dominion Freight Line, Inc.
627

85,730

 
 
195,697

Semiconductors and Semiconductor Equipment — 7.0%
 
 
Applied Materials, Inc.
2,684

100,059

Cree, Inc.(1) 
275

12,140

Entegris, Inc.
858

25,225

KLA-Tencor Corp.
693

68,302

Lam Research Corp.
77

12,086

Maxim Integrated Products, Inc.
231

12,917

MKS Instruments, Inc.
286

22,440

Monolithic Power Systems, Inc.
286

37,772

NVIDIA Corp.
1,122

183,368

ON Semiconductor Corp.(1) 
2,343

44,939

Texas Instruments, Inc.
1,507

150,474

Universal Display Corp.
220

20,205

Xilinx, Inc.
132

12,209

 
 
702,136

Software — 13.5%
 
 
Adobe, Inc.(1) 
1,045

262,180

Atlassian Corp. plc, Class A(1) 
319

27,415

Blackbaud, Inc.
165

12,086

Cadence Design Systems, Inc.(1) 
286

12,882

Fair Isaac Corp.(1) 
132

26,219

Fortinet, Inc.(1) 
1,364

100,718

Guidewire Software, Inc.(1) 
143

13,293

HubSpot, Inc.(1) 
198

27,530

Intuit, Inc.
671

143,950

Paycom Software, Inc.(1) 
297

39,433

Proofpoint, Inc.(1) 
264

25,613

PTC, Inc.(1) 
572

49,472

Red Hat, Inc.(1) 
187

33,391

RingCentral, Inc., Class A(1) 
319

26,448

salesforce.com, Inc.(1) 
1,155

164,888

ServiceNow, Inc.(1) 
627

116,164

Splunk, Inc.(1) 
506

56,535

Tableau Software, Inc., Class A(1) 
429

53,471



Tyler Technologies, Inc.(1) 
66

12,722

Ultimate Software Group, Inc. (The)(1) 
286

75,481

Workday, Inc., Class A(1) 
517

84,788

 
 
1,364,679

Specialty Retail — 7.0%
 
 
American Eagle Outfitters, Inc.
583

12,208

Best Buy Co., Inc.
187

12,078

Burlington Stores, Inc.(1) 
1,287

213,333

Five Below, Inc.(1) 
462

48,413

Home Depot, Inc. (The)
143

25,786

Lowe's Cos., Inc.
132

12,457

O'Reilly Automotive, Inc.(1) 
451

156,398

Ross Stores, Inc.
154

13,490

Tractor Supply Co.
176

16,743

Ulta Salon Cosmetics & Fragrance, Inc.(1) 
638

189,990

 
 
700,896

Technology Hardware, Storage and Peripherals — 0.2%
 
 
Apple, Inc.
66

11,786

NetApp, Inc.
176

11,769

 
 
23,555

Textiles, Apparel and Luxury Goods — 1.5%
 
 
lululemon athletica, Inc.(1) 
1,166

154,553

Trading Companies and Distributors — 1.5%
 
 
HD Supply Holdings, Inc.(1) 
2,409

96,119

W.W. Grainger, Inc.
165

51,817

 
 
147,936

TOTAL COMMON STOCKS
(Cost $10,455,963)
 
10,058,899

TEMPORARY CASH INVESTMENTS — 0.4%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $35,484)
35,484

35,484

TOTAL INVESTMENT SECURITIES — 100.2%
(Cost $10,491,447)
 
10,094,383

OTHER ASSETS AND LIABILITIES — (0.2)%
 
(17,397
)
TOTAL NET ASSETS — 100.0%
 
$
10,076,986


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.
 
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® STOXX® U.S. Quality Value ETF (VALQ)
November 30, 2018






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American Century STOXX® U.S. Quality Value ETF - Schedule of Investments
 
NOVEMBER 30, 2018 (UNAUDITED)                       
 
 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.5%
 
 
Aerospace and Defense — 1.0%
 
 
Boeing Co. (The)
48

16,644

General Dynamics Corp.
84

15,531

Huntington Ingalls Industries, Inc.
72

15,516

Lockheed Martin Corp.
48

14,421

Raytheon Co.
84

14,729

Spirit AeroSystems Holdings, Inc., Class A
180

14,738

Textron, Inc.
264

14,821

United Technologies Corp.
108

13,159

 
 
119,559

Air Freight and Logistics — 0.2%
 
 
FedEx Corp.
60

13,740

United Parcel Service, Inc., Class B
132

15,218

 
 
28,958

Airlines — 1.7%
 
 
Alaska Air Group, Inc.
204

14,945

Delta Air Lines, Inc.
276

16,756

JetBlue Airways Corp.(1) 
840

16,397

Southwest Airlines Co.
912

49,804

United Continental Holdings, Inc.(1) 
1,080

104,436

 
 
202,338

Auto Components — 0.4%
 
 
Goodyear Tire & Rubber Co. (The)
1,440

33,350

Lear Corp.
108

14,715

 
 
48,065

Automobiles — 1.3%
 
 
Ford Motor Co.
12,948

121,841

Thor Industries, Inc.
420

28,480

 
 
150,321

Banks — 3.3%
 
 
Bank of America Corp.
5,232

148,589

BB&T Corp.
288

14,717

Citigroup, Inc.
2,268

146,944

Fifth Third Bancorp
528

14,747

SunTrust Banks, Inc.
228

14,293

Umpqua Holdings Corp.
2,964

57,027

 
 
396,317

Beverages — 0.1%
 
 
PepsiCo, Inc.
144

17,559

Biotechnology — 3.3%
 
 
AbbVie, Inc.
2,532

238,692

Amgen, Inc.
84

17,493

Biogen, Inc.(1) 
276

92,107

Gilead Sciences, Inc.
432

31,078



United Therapeutics Corp.(1) 
144

17,006

 
 
396,376

Building Products — 0.1%
 
 
Fortune Brands Home & Security, Inc.
324

14,191

Capital Markets — 1.6%
 
 
Affiliated Managers Group, Inc.
132

14,668

Ameriprise Financial, Inc.
108

14,013

Bank of New York Mellon Corp. (The)
288

14,777

Janus Henderson Group plc
3,036

71,043

Lazard Ltd., Class A
1,428

57,291

State Street Corp.
192

14,020

 
 
185,812

Chemicals — 2.4%
 
 
Chemours Co. (The)
996

28,366

Eastman Chemical Co.
180

14,188

Huntsman Corp.
2,844

57,506

LyondellBasell Industries NV, Class A
1,740

162,359

Mosaic Co. (The)
516

18,576

 
 
280,995

Commercial Services and Supplies — 0.2%
 
 
Republic Services, Inc.
192

14,849

Waste Management, Inc.
156

14,625

 
 
29,474

Communications Equipment — 0.7%
 
 
ARRIS International plc(1) 
468

14,461

Cisco Systems, Inc.
756

36,190

Juniper Networks, Inc.
1,032

29,629

 
 
80,280

Construction and Engineering — 0.4%
 
 
EMCOR Group, Inc.
204

14,863

Jacobs Engineering Group, Inc.
216

14,185

Quanta Services, Inc.(1) 
468

16,427

 
 
45,475

Consumer Finance — 0.2%
 
 
American Express Co.
132

14,820

Discover Financial Services
204

14,545

 
 
29,365

Containers and Packaging — 0.8%
 
 
Bemis Co., Inc.
336

16,383

Packaging Corp. of America
648

63,388

Sonoco Products Co.
300

17,262

 
 
97,033

Diversified Telecommunication Services — 2.8%
 
 
AT&T, Inc.
4,332

135,332

Verizon Communications, Inc.
3,168

191,030

 
 
326,362

Electric Utilities — 6.5%
 
 
Alliant Energy Corp.
360

16,340

American Electric Power Co., Inc.
2,472

192,173



Entergy Corp.
2,016

175,513

Eversource Energy
672

45,925

Exelon Corp.
324

15,030

IDACORP, Inc.
156

15,326

NextEra Energy, Inc.
96

17,444

OGE Energy Corp.
396

15,690

Portland General Electric Co.
1,908

91,870

PPL Corp.
5,640

172,528

Xcel Energy, Inc.
312

16,364

 
 
774,203

Electrical Equipment — 0.5%
 
 
Acuity Brands, Inc.
108

14,042

Eaton Corp. plc
372

28,622

Regal Beloit Corp.
204

15,949

 
 
58,613

Electronic Equipment, Instruments and Components — 0.8%
 
 
Coherent, Inc.(1) 
168

23,211

Corning, Inc.
540

17,399

Jabil, Inc.
1,572

39,253

TE Connectivity Ltd.
192

14,770

 
 
94,633

Energy Equipment and Services — 0.1%
 
 
Schlumberger Ltd.
312

14,071

Entertainment — 0.9%
 
 
Cinemark Holdings, Inc.
768

29,468

Viacom, Inc., Class B
2,316

71,472

 
 
100,940

Equity Real Estate Investment Trusts (REITs) — 9.9%
 
 
Apple Hospitality REIT, Inc.
912

14,474

EPR Properties
204

14,449

HCP, Inc.
3,816

111,656

Host Hotels & Resorts, Inc.
4,932

93,708

Lamar Advertising Co., Class A
1,164

88,278

Medical Properties Trust, Inc.
7,020

121,235

National Retail Properties, Inc.
2,736

136,964

Park Hotels & Resorts, Inc.
552

17,013

Public Storage
732

156,106

Simon Property Group, Inc.
912

169,349

Ventas, Inc.
3,048

193,518

Weingarten Realty Investors
1,980

57,143

 
 
1,173,893

Food and Staples Retailing — 1.3%
 
 
Kroger Co. (The)
492

14,593

US Foods Holding Corp.(1) 
972

32,251

Walgreens Boots Alliance, Inc.
456

38,609

Walmart, Inc.
684

66,793

 
 
152,246

Food Products — 3.0%
 
 
Archer-Daniels-Midland Co.
312

14,358



Flowers Foods, Inc.
1,476

29,210

General Mills, Inc.
1,104

46,710

Hershey Co. (The)
156

16,895

J.M. Smucker Co. (The)
1,080

112,871

Kellogg Co.
240

15,276

Tyson Foods, Inc., Class A
1,944

114,599

 
 
349,919

Gas Utilities — 0.4%
 
 
National Fuel Gas Co.
528

28,433

Southwest Gas Holdings, Inc.
192

15,124

 
 
43,557

Health Care Equipment and Supplies — 0.4%
 
 
Danaher Corp.
144

15,774

DENTSPLY SIRONA, Inc.
396

14,961

Medtronic plc
216

21,066

 
 
51,801

Health Care Providers and Services — 6.3%
 
 
Anthem, Inc.
48

13,923

Cardinal Health, Inc.
1,896

103,958

Cigna Corp.
672

150,111

CVS Health Corp.
1,512

121,301

Encompass Health Corp.
204

15,343

Express Scripts Holding Co.(1) 
1,308

132,723

HCA Healthcare, Inc.
192

27,646

Humana, Inc.
48

15,815

Laboratory Corp. of America Holdings(1) 
96

13,981

MEDNAX, Inc.(1) 
1,464

58,853

Molina Healthcare, Inc.(1) 
108

15,089

Quest Diagnostics, Inc.
192

17,005

UnitedHealth Group, Inc.
84

23,634

Universal Health Services, Inc., Class B
132

18,215

WellCare Health Plans, Inc.(1) 
60

15,293

 
 
742,890

Hotels, Restaurants and Leisure — 2.9%
 
 
Carnival Corp.
1,140

68,730

Darden Restaurants, Inc.
792

87,548

Las Vegas Sands Corp.
1,596

87,684

McDonald's Corp.
108

20,359

Royal Caribbean Cruises Ltd.
132

14,925

Six Flags Entertainment Corp.
480

29,453

Wyndham Destinations, Inc.
360

14,929

Yum China Holdings, Inc.
408

14,619

 
 
338,247

Household Durables — 1.7%
 
 
Garmin Ltd.
1,560

103,989

Mohawk Industries, Inc.(1) 
336

43,028

PulteGroup, Inc.
1,656

43,917

Whirlpool Corp.
120

15,136

 
 
206,070

 
 
 


Household Products — 3.9%
 
 
Clorox Co. (The)
360

59,623

Colgate-Palmolive Co.
1,236

78,511

Kimberly-Clark Corp.
1,392

160,595

Procter & Gamble Co. (The)
1,704

161,045

 
 
459,774

Independent Power and Renewable Electricity Producers — 0.2%
 
 
AES Corp.
1,416

21,934

Industrial Conglomerates — 0.2%
 
 
3M Co.
72

14,970

Honeywell International, Inc.
96

14,088

 
 
29,058

Insurance — 1.4%
 
 
Aflac, Inc.
324

14,820

Allstate Corp. (The)
168

14,984

Fidelity National Financial, Inc.
432

14,515

Hartford Financial Services Group, Inc. (The)
324

14,317

MetLife, Inc.
336

14,996

Principal Financial Group, Inc.
300

14,796

Travelers Cos., Inc. (The)
156

20,338

Unum Group
1,596

57,312

 
 
166,078

Interactive Media and Services — 0.4%
 
 
Facebook, Inc., Class A(1) 
108

15,186

SINA Corp.(1) 
456

29,535

 
 
44,721

IT Services — 5.2%
 
 
Accenture plc, Class A
96

15,794

Akamai Technologies, Inc.(1) 
228

15,675

Cognizant Technology Solutions Corp., Class A
204

14,531

Genpact Ltd.
492

14,947

International Business Machines Corp.
2,532

314,652

MAXIMUS, Inc.
216

15,362

Paychex, Inc.
900

63,684

Sabre Corp.
576

14,728

Western Union Co. (The)
7,788

145,869

 
 
615,242

Leisure Products — 0.2%
 
 
Brunswick Corp.
492

26,096

Machinery — 1.7%
 
 
AGCO Corp.
252

15,039

Allison Transmission Holdings, Inc.
372

17,525

Caterpillar, Inc.
120

16,280

Crane Co.
168

14,510

Cummins, Inc.
108

16,314

Dover Corp.
168

14,262

Ingersoll-Rand plc
144

14,907

ITT, Inc.
264

14,639

Oshkosh Corp.
420

29,959



PACCAR, Inc.
240

14,933

Parker-Hannifin Corp.
96

16,516

Snap-on, Inc.
84

13,964

 
 
198,848

Media — 2.9%
 
 
Comcast Corp., Class A
768

29,960

Discovery, Inc., Class A(1) 
1,356

41,656

DISH Network Corp., Class A(1) 
1,344

44,029

Interpublic Group of Cos., Inc. (The)
3,720

87,420

News Corp., Class A
1,104

14,330

Omnicom Group, Inc.
1,704

131,157

 
 
348,552

Metals and Mining — 0.5%
 
 
Southern Copper Corp.
900

30,132

United States Steel Corp.
1,104

25,458

 
 
55,590

Multi-Utilities — 1.3%
 
 
Ameren Corp.
252

17,292

CenterPoint Energy, Inc.
516

14,453

CMS Energy Corp.
312

16,252

DTE Energy Co.
132

15,806

Public Service Enterprise Group, Inc.
552

30,857

Vectren Corp.
552

39,639

WEC Energy Group, Inc.
228

16,525

 
 
150,824

Multiline Retail — 2.1%
 
 
Kohl's Corp.
876

58,841

Macy's, Inc.
1,332

45,581

Nordstrom, Inc.
360

19,033

Target Corp.
1,812

128,580

 
 
252,035

Oil, Gas and Consumable Fuels — 3.4%
 
 
Chevron Corp.
1,644

195,537

Exxon Mobil Corp.
372

29,574

HollyFrontier Corp.
324

20,240

Murphy Oil Corp.
480

15,312

Phillips 66
156

14,589

Valero Energy Corp.
1,644

131,356

 
 
406,608

Pharmaceuticals — 4.9%
 
 
Bristol-Myers Squibb Co.
276

14,755

Eli Lilly & Co.
180

21,355

Johnson & Johnson
996

146,312

Merck & Co., Inc.
2,532

200,889

Pfizer, Inc.
4,380

202,488

 
 
585,799

Professional Services — 0.4%
 
 
ManpowerGroup, Inc.
516

41,889

 
 
 


Real Estate Management and Development — 0.1%
 
 
Jones Lang LaSalle, Inc.
96

13,747

Road and Rail — 0.4%
 
 
Kansas City Southern
144

14,839

Norfolk Southern Corp.
84

14,342

Union Pacific Corp.
96

14,763

 
 
43,944

Semiconductors and Semiconductor Equipment — 5.7%
 
 
Applied Materials, Inc.
2,160

80,525

Cypress Semiconductor Corp.
1,044

14,512

Intel Corp.
2,436

120,119

Lam Research Corp.
420

65,923

Maxim Integrated Products, Inc.
276

15,434

Micron Technology, Inc.(1) 
2,364

91,156

MKS Instruments, Inc.
384

30,129

ON Semiconductor Corp.(1) 
2,304

44,191

Qorvo, Inc.(1) 
216

14,215

QUALCOMM, Inc.
2,844

165,691

Skyworks Solutions, Inc.
204

14,845

Teradyne, Inc.
396

14,133

 
 
670,873

Software — 1.1%
 
 
Check Point Software Technologies Ltd.(1) 
132

14,759

LogMeIn, Inc.
168

15,495

Microsoft Corp.
192

21,291

Nuance Communications, Inc.(1) 
948

15,158

Oracle Corp. (New York)
300

14,628

Symantec Corp.
2,340

51,737

 
 
133,068

Specialty Retail — 1.0%
 
 
American Eagle Outfitters, Inc.
696

14,567

Best Buy Co., Inc.
228

14,727

Foot Locker, Inc.
528

29,779

Gap, Inc. (The)
1,560

42,573

Williams-Sonoma, Inc.
264

14,950

 
 
116,596

Technology Hardware, Storage and Peripherals — 2.6%
 
 
Apple, Inc.
660

117,862

Hewlett Packard Enterprise Co.
5,808

87,120

HP, Inc.
636

14,628

NetApp, Inc.
216

14,444

Seagate Technology plc
1,320

56,879

Xerox Corp.
564

15,183

 
 
306,116

Textiles, Apparel and Luxury Goods — 1.0%
 
 
Michael Kors Holdings Ltd.(1) 
960

42,000

PVH Corp.
132

14,587

Ralph Lauren Corp.
348

38,767



Skechers U.S.A., Inc., Class A(1) 
1,068

28,836

 
 
124,190

Thrifts and Mortgage Finance — 0.5%
 
 
Essent Group Ltd.(1) 
372

14,344

MGIC Investment Corp.(1) 
1,656

19,392

Radian Group, Inc.
1,548

28,483

 
 
62,219

Tobacco — 2.8%
 
 
Altria Group, Inc.
3,252

178,307

Philip Morris International, Inc.
1,716

148,486

 
 
326,793

Trading Companies and Distributors — 0.4%
 
 
HD Supply Holdings, Inc.(1) 
372

14,843

MSC Industrial Direct Co., Inc., Class A
168

14,883

W.W. Grainger, Inc.
48

15,074

 
 
44,800

TOTAL COMMON STOCKS
(Cost $11,648,267)
 
11,794,957

TEMPORARY CASH INVESTMENTS — 0.4%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $50,638)
50,638

50,638

TOTAL INVESTMENT SECURITIES — 99.9%
(Cost $11,698,905)
 
11,845,595

OTHER ASSETS AND LIABILITIES — 0.1%
 
10,985

TOTAL NET ASSETS — 100.0%
 
$
11,856,580


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.
 
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® Quality Diversified International ETF (QINT)
November 30, 2018






acetflogo.jpg



American Century Quality Diversified International ETF - Schedule of Investments
NOVEMBER 30, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
COMMON STOCKS — 99.3%
 
 
Australia — 5.5%
 
 
Alumina Ltd.
10,304

16,780

Aristocrat Leisure Ltd.
5,733

99,053

BlueScope Steel Ltd.
1,715

14,064

CIMIC Group Ltd.
322

9,547

Coca-Cola Amatil Ltd.
1,764

11,130

Cochlear Ltd.
266

32,882

Coles Group Ltd.(1) 
1,330

11,373

CSL Ltd.
1,001

129,676

Fortescue Metals Group Ltd.
9,814

28,667

Goodman Group
3,339

24,993

LendLease Group
5,243

48,471

Macquarie Group Ltd.
231

19,301

Medibank Pvt Ltd.
9,758

17,244

Oil Search Ltd.
3,899

20,813

Qantas Airways Ltd.
2,604

11,333

Scentre Group
3,990

11,364

Stockland
35,035

93,127

Telstra Corp. Ltd.
21,700

46,430

Treasury Wine Estates Ltd.
1,736

17,938

Wesfarmers Ltd.
1,330

30,681

 
 
694,867

Austria — 0.7%
 
 
ANDRITZ AG
231

11,121

OMV AG
357

18,036

Raiffeisen Bank International AG
1,897

55,931

voestalpine AG
259

8,607

 
 
93,695

Belgium — 0.4%
 
 
Ageas
231

11,152

Proximus SADP
770

21,308

UCB SA
147

12,357

 
 
44,817

Canada — 7.2%
 
 
Air Canada(1) 
700

15,273

Bank of Montreal
700

52,209

BRP, Inc.
700

24,933

CAE, Inc.
1,400

28,419

Canadian Imperial Bank of Commerce
672

56,375

Canadian National Railway Co.
700

60,125

Canadian Pacific Railway Ltd.
700

148,000

CCL Industries, Inc., Class B
700

29,025

CGI Group, Inc., Class A(1) 
504

32,232

Dollarama, Inc.
700

18,497



Empire Co. Ltd., Class A
1,400

26,513

Husky Energy, Inc.
700

8,690

Magna International, Inc.
700

34,924

Manulife Financial Corp.
2,100

34,713

Methanex Corp.
700

38,773

Royal Bank of Canada
700

51,308

Sun Life Financial, Inc.
700

25,807

Teck Resources Ltd., Class B
700

14,173

TELUS Corp.
700

25,117

Toronto-Dominion Bank (The)
2,520

139,471

Vermilion Energy, Inc.
700

17,412

West Fraser Timber Co. Ltd.
700

36,525

 
 
918,514

China — 3.6%
 
 
Anhui Conch Cement Co. Ltd., H Shares
3,500

18,270

ANTA Sports Products Ltd.
14,000

63,598

China Communications Services Corp. Ltd., H Shares
42,000

35,046

China Gas Holdings Ltd.
1,400

4,803

China Resources Gas Group Ltd.
14,000

56,442

CSPC Pharmaceutical Group Ltd.
28,000

56,674

Geely Automobile Holdings Ltd.
14,000

27,586

Huazhu Group Ltd. ADR
700

22,078

Shenzhou International Group Holdings Ltd.
7,000

84,976

Sino Biopharmaceutical Ltd.
28,000

25,546

Tencent Holdings Ltd.
1,400

55,816

Want Want China Holdings Ltd.
7,000

5,161

 
 
455,996

Denmark — 1.9%
 
 
Carlsberg A/S, B Shares
112

12,404

Chr Hansen Holding A/S
224

20,227

DSV A/S
721

55,174

GN Store Nord A/S
413

14,430

H Lundbeck A/S
364

14,949

Novo Nordisk A/S, B Shares
2,205

102,365

Pandora A/S
196

10,589

Rockwool International A/S, B Shares
63

16,392

 
 
246,530

Finland — 1.5%
 
 
Elisa Oyj
497

19,932

Fortum Oyj
924

19,261

Neste Oyj
665

51,968

Nokian Renkaat Oyj
518

16,580

Stora Enso Oyj, R Shares
1,974

25,156

UPM-Kymmene Oyj
2,345

62,475

 
 
195,372

France — 9.2%
 
 
Arkema SA
273

25,903

Atos SE
392

33,288

Bouygues SA
259

9,959



Cie de Saint-Gobain
266

9,859

Danone SA
154

11,519

Eiffage SA
105

9,989

Engie SA
784

11,025

Faurecia SA
350

13,640

Hermes International
189

102,226

Ipsen SA
469

60,378

Kering SA
280

121,740

L'Oreal SA
49

11,534

Legrand SA
287

17,580

LVMH Moet Hennessy Louis Vuitton SE
70

20,016

Orange SA
1,029

17,663

Pernod Ricard SA
133

21,263

Peugeot SA
4,417

97,022

Publicis Groupe SA
1,883

111,633

Remy Cointreau SA
154

17,838

Safran SA
161

20,116

Sanofi
2,072

187,236

Sartorius Stedim Biotech
497

50,308

Schneider Electric SE
140

10,189

SCOR SE
315

15,137

Sodexo SA
119

12,320

STMicroelectronics NV
1,722

25,210

Teleperformance
112

18,540

Thales SA
154

18,884

TOTAL SA
189

10,521

Ubisoft Entertainment SA(1) 
854

69,562

Vinci SA
119

10,388

 
 
1,172,486

Germany — 4.1%
 
 
adidas AG
98

21,615

Bayer AG
315

23,033

Beiersdorf AG
182

19,482

Deutsche Lufthansa AG
3,395

82,646

Deutsche Telekom AG
847

14,850

Evonik Industries AG
2,156

57,977

Fraport AG Frankfurt Airport Services Worldwide
238

17,500

FUCHS PETROLUB SE Preference Shares
413

17,096

Hannover Rueck SE
91

12,642

HOCHTIEF AG
203

28,869

HUGO BOSS AG
147

10,153

MTU Aero Engines AG
98

20,372

Muenchener Rueckversicherungs-Gesellschaft AG
546

118,634

ProSiebenSat.1 Media SE
2,191

44,493

Sartorius AG Preference Shares
119

15,104

Wacker Chemie AG
231

22,232

 
 
526,698

Hong Kong — 1.4%
 
 
Galaxy Entertainment Group Ltd.
14,000

85,960



HKT Trust & HKT Ltd.
21,000

30,377

Link REIT
3,500

33,319

Wynn Macau Ltd.
11,200

25,446

 
 
175,102

Ireland — 0.3%
 
 
Glanbia plc
1,267

22,738

Kerry Group plc, A Shares
189

19,527

 
 
42,265

Israel — 0.9%
 
 
Bank Hapoalim BM
2,226

15,222

Bank Leumi Le-Israel BM
5,348

35,023

Teva Pharmaceutical Industries Ltd.(1) 
3,150

68,086

 
 
118,331

Italy — 2.7%
 
 
Amplifon SpA
994

16,634

Davide Campari-Milano SpA
2,415

20,180

Enel SpA
2,331

12,642

Eni SpA
8,176

131,879

EXOR NV
504

29,617

Fiat Chrysler Automobiles NV(1) 
1,946

32,107

Mediobanca Banca di Credito Finanziario SpA
2,289

20,231

Moncler SpA
2,023

65,922

Recordati SpA
609

19,590

 
 
348,802

Japan — 24.1%
 
 
Advantest Corp.
700

15,017

Alfresa Holdings Corp.
700

18,617

Asahi Kasei Corp.
2,800

30,651

Astellas Pharma, Inc.
10,500

161,314

Brother Industries Ltd.
1,400

23,389

Chugai Pharmaceutical Co. Ltd.
2,800

191,598

CyberAgent, Inc.
700

31,687

Daiwa Securities Group, Inc.
2,100

11,587

Eisai Co. Ltd.
700

64,205

Hamamatsu Photonics KK
700

24,351

Hitachi Construction Machinery Co. Ltd.
1,400

38,653

Honda Motor Co. Ltd.
1,400

39,479

Hoya Corp.
700

42,536

ITOCHU Corp.
700

12,428

Japan Tobacco, Inc.
4,900

121,842

JFE Holdings, Inc.
700

12,339

JTEKT Corp.
1,400

17,804

JXTG Holdings, Inc.
2,100

12,692

KDDI Corp.
700

16,423

Keyence Corp.
700

379,745

Kikkoman Corp.
700

40,810

Kirin Holdings Co. Ltd.
700

16,429

Koito Manufacturing Co. Ltd.
700

37,543

Konica Minolta, Inc.
1,400

12,601



Kubota Corp.
700

11,941

Kuraray Co. Ltd.
700

10,875

Lion Corp.
700

13,803

M3, Inc.
1,400

22,612

Marubeni Corp.
1,400

10,449

MINEBEA MITSUMI, Inc.
2,100

34,066

Mitsubishi Chemical Holdings Corp.
9,800

80,143

Mitsubishi Corp.
700

18,876

Mitsubishi Gas Chemical Co., Inc.
700

11,491

Mitsubishi Tanabe Pharma Corp.
700

10,745

Mitsubishi UFJ Lease & Finance Co. Ltd.
2,100

11,448

Mitsui & Co. Ltd.
700

10,939

Mitsui Chemicals, Inc.
700

17,760

MonotaRO Co. Ltd.
1,400

37,913

NEC Corp.
4,200

130,198

Nexon Co. Ltd.(1) 
1,400

16,546

NGK Spark Plug Co. Ltd.
700

14,376

Nikon Corp.
700

10,973

Nissan Chemical Corp.
700

37,974

NTT Data Corp.
700

8,137

NTT DOCOMO, Inc.
700

16,204

Obayashi Corp.
1,400

13,957

ORIX Corp.
700

11,340

Persol Holdings Co. Ltd.
700

13,106

Pigeon Corp.
1,400

57,640

Pola Orbis Holdings, Inc.
2,100

59,273

Recruit Holdings Co. Ltd.
4,200

115,514

Resona Holdings, Inc.
2,100

11,132

Ricoh Co. Ltd.
1,400

13,587

SBI Holdings, Inc.
1,400

31,760

Sekisui Chemical Co. Ltd.
700

11,355

Shimadzu Corp.
700

16,361

Shimizu Corp.
1,400

11,960

Shionogi & Co. Ltd.
700

46,284

Shiseido Co. Ltd.
1,400

89,067

Showa Denko KK
700

28,049

Showa Shell Sekiyu KK
1,400

21,687

Sompo Holdings, Inc.
700

27,038

Sony Financial Holdings, Inc.
1,400

29,344

Stanley Electric Co. Ltd.
700

20,374

SUMCO Corp.
700

10,727

Sumitomo Corp.
700

10,748

Suzuki Motor Corp.
2,800

139,445

Tokio Marine Holdings, Inc.
700

34,553

Tokyo Century Corp.
700

33,413

Tokyo Electron Ltd.
700

97,864

Tosoh Corp.
1,400

19,727

Unicharm Corp.
700

21,909

Welcia Holdings Co. Ltd.
700

35,447



Yakult Honsha Co. Ltd.
700

52,708

Yamaha Motor Co. Ltd.
700

14,395

Yamato Holdings Co. Ltd.
700

18,485

ZOZO, Inc.
1,400

31,132

 
 
3,060,590

Netherlands — 3.3%
 
 
ASML Holding NV
420

70,904

Heineken Holding NV
119

10,503

Koninklijke Ahold Delhaize NV
2,947

75,761

Koninklijke DSM NV
217

19,223

Koninklijke Philips NV
2,079

78,257

Randstad NV
182

8,857

Unilever NV CVA
2,254

125,065

Wolters Kluwer NV
420

25,356

 
 
413,926

New Zealand — 0.3%
 
 
a2 Milk Co. Ltd.(1) 
5,159

36,958

Norway — 2.0%
 
 
Aker BP ASA
2,065

58,470

DNB ASA
651

11,161

Equinor ASA
1,281

29,854

Marine Harvest ASA
1,666

38,942

Norsk Hydro ASA
5,957

28,043

Orkla ASA
1,400

11,554

Telenor ASA
3,913

75,706

 
 
253,730

Portugal — 0.2%
 
 
Galp Energia SGPS SA
1,169

19,212

Singapore — 0.9%
 
 
CapitaLand Mall Trust
7,700

12,628

DBS Group Holdings Ltd.
2,100

37,316

Jardine Cycle & Carriage Ltd.
700

17,959

Singapore Airlines Ltd.
1,400

9,704

Singapore Exchange Ltd.
4,200

22,408

Singapore Technologies Engineering Ltd.
4,900

12,679

 
 
112,694

South Korea — 1.5%
 
 
Celltrion, Inc.(1) 
238

50,850

Coway Co. Ltd.
175

12,240

LG Household & Health Care Ltd.
63

65,195

SK Hynix, Inc.
980

60,848

 
 
189,133

Spain — 2.6%
 
 
ACS Actividades de Construccion y Servicios SA
1,141

43,770

Aena SME SA
119

18,890

Amadeus IT Group SA
735

52,645

Banco Bilbao Vizcaya Argentaria SA
1,848

10,500

Bankinter SA
2,408

20,121

CaixaBank SA
2,569

10,573



Mapfre SA
3,913

11,187

Repsol SA
7,672

132,471

Telefonica SA
2,772

24,883

 
 
325,040

Sweden — 3.1%
 
 
Alfa Laval AB
798

17,168

Atlas Copco AB, A Shares
1,421

34,842

Boliden AB
441

9,880

Electrolux AB, Series B
812

18,451

Elekta AB, B Shares
2,541

30,614

Hennes & Mauritz AB, B Shares
854

15,731

Lundin Petroleum AB
686

18,053

Sandvik AB
1,925

28,554

SKF AB, B Shares
3,080

48,631

Svenska Cellulosa AB SCA, B Shares
3,458

27,820

Swedish Match AB
2,058

80,365

Swedish Orphan Biovitrum AB(1) 
1,687

36,442

Volvo AB, B Shares
2,275

31,646

 
 
398,197

Switzerland — 6.2%
 
 
ABB Ltd.
511

10,334

Adecco Group AG
196

9,689

Baloise Holding AG
77

11,311

Barry Callebaut AG
14

23,689

EMS-Chemie Holding AG
154

82,675

Flughafen Zurich AG
105

17,147

Georg Fischer AG
14

10,885

Givaudan SA
7

17,231

Kuehne + Nagel International AG
133

18,699

Logitech International SA
749

25,168

Nestle SA
154

13,120

Novartis AG
154

14,017

OC Oerlikon Corp. AG(1) 
2,261

26,493

Partners Group Holding AG
238

155,872

Roche Holding AG
280

72,595

SGS SA
7

16,573

Sika AG
147

18,196

Sonova Holding AG
175

28,255

Straumann Holding AG
105

64,197

Swiss Life Holding AG(1) 
35

13,725

Swiss Re AG
1,183

108,031

Temenos AG(1) 
147

18,196

Zurich Insurance Group AG
42

13,175

 
 
789,273

Taiwan — 1.2%
 
 
Formosa Petrochemical Corp.
14,000

50,679

Uni-President Enterprises Corp.
42,000

98,450

 
 
149,129

 
 
 


United Kingdom — 14.5%
 
 
Admiral Group plc
847

22,522

Anglo American plc
2,954

59,030

Ashtead Group plc
5,376

120,654

Associated British Foods plc
385

11,907

Auto Trader Group plc
3,675

20,556

BAE Systems plc
16,695

104,653

Barclays plc
5,061

10,518

Barratt Developments plc
1,638

9,660

Berkeley Group Holdings plc
700

28,812

BP plc
1,624

10,775

BT Group plc
37,443

125,167

Carnival plc
189

10,979

Centrica plc
6,202

10,900

Coca-Cola HBC AG(1) 
966

28,767

Compass Group plc
994

21,287

Croda International plc
350

21,775

Diageo plc
2,156

77,670

easyJet plc
4,781

67,863

Evraz plc
11,739

68,014

Experian plc
889

21,625

Ferguson plc
147

9,415

Fevertree Drinks plc
889

27,132

GlaxoSmithKline plc
574

11,876

Glencore plc(1) 
2,835

10,495

Halma plc
1,211

21,199

Hargreaves Lansdown plc
5,243

127,202

Imperial Brands plc
329

10,116

InterContinental Hotels Group plc
1,939

103,907

International Consolidated Airlines Group SA
3,808

30,396

Intertek Group plc
336

20,136

ITV plc
6,356

11,775

J Sainsbury plc
20,811

80,986

Johnson Matthey plc
469

17,497

Lloyds Banking Group plc
188,167

132,910

London Stock Exchange Group plc
357

18,370

Marks & Spencer Group plc
11,788

44,023

Mediclinic International plc
1,806

8,148

Meggitt plc
1,778

11,756

Mondi plc
770

16,795

Next plc
462

28,890

Pearson plc
1,008

12,390

Persimmon plc
1,043

25,285

Rightmove plc
6,706

37,442

Rio Tinto plc
693

31,469

Royal Dutch Shell plc, A Shares
1,015

30,690

Royal Mail plc
3,969

16,195

Schroders plc
539

17,378

Smith & Nephew plc
693

12,600



Spirax-Sarco Engineering plc
266

20,822

Vodafone Group plc
9,653

20,807

WM Morrison Supermarkets plc
3,549

10,759

WPP plc
1,071

11,831

 
 
1,843,826

TOTAL COMMON STOCKS
(Cost $13,479,831)
 
12,625,183

TEMPORARY CASH INVESTMENTS — 0.6%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $73,266)
73,266

73,266

TOTAL INVESTMENT SECURITIES — 99.9%
(Cost $13,553,097)
 
12,698,449

OTHER ASSETS AND LIABILITIES — 0.1%
 
16,180

TOTAL NET ASSETS — 100.0%
 
$
12,714,629


MARKET SECTOR DIVERSIFICATION
 
(as a % of net assets)
 
Industrials
14.4
%
Financials
14.3
%
Health Care
13.9
%
Consumer Discretionary
13.2
%
Consumer Staples
12.4
%
Information Technology
9.0
%
Materials
8.5
%
Communication Services
7.0
%
Energy
5.0
%
Utilities
0.9
%
Real Estate
0.7
%
Cash and Equivalents*
0.7
%
*Includes temporary cash investments and other assets and liabilities.

NOTES TO SCHEDULE OF INVESTMENTS
ADR
-
American Depositary Receipt
CVA
-
Certificaten Van Aandelen
(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. Equity securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.
 
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.
 
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
22,078

12,603,105

—

Temporary Cash Investments
73,266

—

—

 
95,344

12,603,105

—



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:
January 25, 2019
 

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:
January 25, 2019
 



By:
/s/ R. Wes Campbell
 
 
Name:
R. Wes Campbell
 
 
Title:
Treasurer and
 
 
Chief Financial Officer
 
 
 
(principal financial officer)
 
 
 
 
Date:
January 25, 2019