NPORT-EX 2 acxg_q3holdings492.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
American Century® U.S. Quality Value ETF (VALQ)
May 31, 2024


U.S. Quality Value ETF - Schedule of Investments
MAY 31, 2024 (UNAUDITED)
 Shares
Value ($)
COMMON STOCKS — 99.1%
  
Aerospace and Defense — 0.3%
  
Lockheed Martin Corp.
737 346,641 
Textron, Inc.
3,922 343,606 
  690,247 
Air Freight and Logistics — 0.5%
  
Expeditors International of Washington, Inc.
2,949 356,534 
FedEx Corp.
1,380 350,465 
United Parcel Service, Inc., Class B
2,474 343,713 
  1,050,712 
Automobile Components — 0.2%
  
BorgWarner, Inc.
9,810 349,825 
Automobiles — 0.2%
  
General Motors Co.
7,870 354,071 
Banks — 0.2%
  
Bank OZK
11,948 500,382 
Beverages — 1.9%
  
Coca-Cola Co.
34,448 2,167,813 
Coca-Cola Consolidated, Inc.
1,146 1,124,272 
National Beverage Corp.(1)
7,570 349,734 
PepsiCo, Inc.
3,016 521,466 
  4,163,285 
Biotechnology — 2.2%
  
AbbVie, Inc.
14,700 2,370,228 
Alkermes PLC(1)
14,339 335,533 
Exelixis, Inc.(1)
16,861 365,715 
Gilead Sciences, Inc.
8,626 554,393 
Incyte Corp.(1)
5,990 346,162 
United Therapeutics Corp.(1)
1,540 423,700 
Vertex Pharmaceuticals, Inc.(1)
763 347,424 
  4,743,155 
Broadline Retail — 1.9%
  
Amazon.com, Inc.(1)
1,023 180,498 
Dillard's, Inc., Class A
1,552 694,287 
eBay, Inc.
51,766 2,806,753 
Macy's, Inc.
20,521 399,749 
  4,081,287 
Building Products — 2.5%
  
A O Smith Corp.
4,157 347,691 
Allegion PLC
5,097 620,917 
Masco Corp.
24,863 1,738,421 
Owens Corning
13,219 2,393,564 
Trane Technologies PLC
821 268,845 
  5,369,438 
Capital Markets — 2.4%
  
Affiliated Managers Group, Inc.
2,190 356,094 
Bank of New York Mellon Corp.
5,900 351,699 
Evercore, Inc., Class A
1,744 353,927 
Northern Trust Corp.
4,153 349,849 
SEI Investments Co.
38,804 2,627,419 
State Street Corp.
4,627 349,755 


Stifel Financial Corp.
4,377 354,318 
T Rowe Price Group, Inc.
3,115 367,040 
5,110,101 
Chemicals — 1.9%
Axalta Coating Systems Ltd.(1)
9,858 350,846 
Ecolab, Inc.
2,353 546,367 
LyondellBasell Industries NV, Class A
20,362 2,024,390 
NewMarket Corp.
976 522,228 
PPG Industries, Inc.
1,414 185,814 
Sherwin-Williams Co.
1,113 338,129 
3,967,774 
Commercial Services and Supplies — 3.2%
Cintas Corp.
3,689 2,501,032 
Rollins, Inc.
48,787 2,229,078 
Veralto Corp.
22,002 2,168,957 
6,899,067 
Communications Equipment — 3.5%
Cisco Systems, Inc.
53,528 2,489,052 
F5, Inc.(1)
14,174 2,394,981 
Motorola Solutions, Inc.
7,132 2,602,538 
7,486,571 
Construction and Engineering — 0.5%
EMCOR Group, Inc.
1,931 750,503 
Valmont Industries, Inc.
1,356 340,898 
1,091,401 
Consumer Finance — 0.4%
OneMain Holdings, Inc.
7,207 354,008 
Synchrony Financial
13,680 599,184 
953,192 
Consumer Staples Distribution & Retail — 5.8%
Kroger Co.
42,739 2,238,241 
Sprouts Farmers Market, Inc.(1)
13,451 1,062,360 
Sysco Corp.
2,543 185,181 
Target Corp.
18,509 2,890,366 
U.S. Foods Holding Corp.(1)
6,458 341,176 
Walmart, Inc.
86,501 5,688,306 
12,405,630 
Containers and Packaging — 0.4%
Amcor PLC
39,215 398,817 
Packaging Corp. of America
1,909 350,282 
749,099 
Distributors — 0.7%
Genuine Parts Co.
9,738 1,403,635 
Diversified Consumer Services — 0.5%
ADT, Inc.
47,797 339,837 
H&R Block, Inc.
16,765 832,214 
1,172,051 
Electrical Equipment — 1.7%
Acuity Brands, Inc.
6,545 1,699,147 
Eaton Corp. PLC
4,541 1,511,472 
Hubbell, Inc.
1,221 474,835 
  3,685,454 
Electronic Equipment, Instruments and Components — 4.4%
  
Amphenol Corp., Class A
4,739 627,301 


Badger Meter, Inc.
1,724 332,663 
Insight Enterprises, Inc.(1)
4,299 840,455 
Jabil, Inc.
9,555 1,136,090 
Keysight Technologies, Inc.(1)
2,392 331,244 
TD SYNNEX Corp.
3,286 429,940 
TE Connectivity Ltd.
35,472 5,310,158 
Trimble, Inc.(1)
6,051 336,920 
  9,344,771 
Entertainment — 1.2%
  
Electronic Arts, Inc.
2,561 340,305 
Netflix, Inc.(1)
3,485 2,236,046 
  2,576,351 
Financial Services — 1.7%
  
Euronet Worldwide, Inc.(1)
3,480 405,698 
Fidelity National Information Services, Inc.
4,510 342,219 
Jack Henry & Associates, Inc.
2,044 336,606 
MGIC Investment Corp.
84,388 1,772,148 
Visa, Inc., Class A
1,255 341,937 
Western Union Co.
26,907 344,410 
  3,543,018 
Food Products — 2.2%
  
Campbell Soup Co.
7,540 334,625 
Conagra Brands, Inc.
11,305 337,794 
Flowers Foods, Inc.
22,601 524,795 
General Mills, Inc.
7,985 548,969 
Hershey Co.
922 182,399 
Ingredion, Inc.
17,578 2,066,821 
Kellanova5,881 354,860 
Post Holdings, Inc.(1)
3,260 347,418 
  4,697,681 
Health Care Equipment and Supplies — 0.2%
  
IDEXX Laboratories, Inc.(1)
359 178,405 
ResMed, Inc.
1,626 335,493 
  513,898 
Health Care Providers and Services — 5.5%
  
Cardinal Health, Inc.
9,444 937,506 
Cencora, Inc.
1,566 354,809 
Centene Corp.(1)
4,450 318,576 
Cigna Group
7,404 2,551,567 
DaVita, Inc.(1)
5,354 787,680 
Elevance Health, Inc.
654 352,166 
Encompass Health Corp.
4,070 351,607 
McKesson Corp.
8,980 5,114,918 
Quest Diagnostics, Inc.
2,457 348,820 
Tenet Healthcare Corp.(1)
2,668 360,767 
Universal Health Services, Inc., Class B
1,945 369,161 
  11,847,577 
Hotels, Restaurants and Leisure — 1.0%
  
Booking Holdings, Inc.
107 404,070 
Chipotle Mexican Grill, Inc.(1)
110 344,247 
Domino's Pizza, Inc.
1,054 536,043 
Expedia Group, Inc.(1)
3,115 351,559 
Texas Roadhouse, Inc.
2,721 469,835 
  2,105,754 


Household Durables — 1.0%
  
Lennar Corp., Class A
4,227 677,800 
NVR, Inc.(1)
47 360,994 
PulteGroup, Inc.
3,463 406,279 
Taylor Morrison Home Corp.(1)
6,047 349,698 
Toll Brothers, Inc.
3,051 371,124 
  2,165,895 
Household Products — 5.5%
  
Clorox Co.
12,090 1,590,560 
Colgate-Palmolive Co.
27,664 2,571,646 
Kimberly-Clark Corp.
22,594 3,011,780 
Procter & Gamble Co.
15,516 2,553,003 
Reynolds Consumer Products, Inc.
69,753 1,983,775 
  11,710,764 
Industrial Conglomerates — 0.2%
  
3M Co.
3,458 346,284 
Insurance — 1.9%
  
Allstate Corp.
3,331 558,009 
Axis Capital Holdings Ltd.
5,501 406,414 
Everest Group Ltd.
888 347,146 
Globe Life, Inc.
4,272 353,551 
Hartford Financial Services Group, Inc.
3,419 353,695 
Loews Corp.
4,640 356,352 
Old Republic International Corp.
6,440 204,663 
Progressive Corp.
1,694 357,739 
Reinsurance Group of America, Inc.
1,769 371,136 
Travelers Cos., Inc.
1,621 349,650 
Unum Group
6,572 353,968 
  4,012,323 
Interactive Media and Services — 1.4%
  
Alphabet, Inc., Class A(1)
15,263 2,632,868 
Meta Platforms, Inc., Class A
739 344,987 
  2,977,855 
IT Services — 4.0%
  
Akamai Technologies, Inc.(1)
3,663 337,875 
Amdocs Ltd.
29,447 2,326,313 
Cognizant Technology Solutions Corp., Class A
42,173 2,789,744 
GoDaddy, Inc., Class A(1)
3,201 446,956 
International Business Machines Corp.
14,035 2,341,740 
VeriSign, Inc.(1)
2,001 348,814 
  8,591,442 
Life Sciences Tools and Services — 1.4%
  
Medpace Holdings, Inc.(1)
3,405 1,315,488 
Mettler-Toledo International, Inc.(1)
1,163 1,632,956 
  2,948,444 
Machinery — 5.3%
  
Allison Transmission Holdings, Inc.
5,155 390,800 
Caterpillar, Inc.
682 230,871 
Donaldson Co., Inc.
37,345 2,751,579 
Esab Corp.
3,339 343,316 
Flowserve Corp.
13,573 674,578 
Illinois Tool Works, Inc.
8,559 2,077,697 
ITT, Inc.
2,677 355,720 
Lincoln Electric Holdings, Inc.
5,408 1,061,915 
Mueller Industries, Inc.
8,036 473,401 


Otis Worldwide Corp.
13,418 1,331,066 
PACCAR, Inc.
3,161 339,807 
Parker-Hannifin Corp.
482 256,193 
Snap-on, Inc.
1,273 347,351 
Timken Co.
3,913 340,000 
Watts Water Technologies, Inc., Class A
1,707 339,915 
  11,314,209 
Media — 3.7%
  
Comcast Corp., Class A
119,063 4,766,092 
Fox Corp., Class A
11,226 386,511 
New York Times Co., Class A
41,917 2,146,151 
Nexstar Media Group, Inc., Class A
2,183 361,701 
Omnicom Group, Inc.
3,652 339,490 
  7,999,945 
Metals and Mining — 0.5%
  
Commercial Metals Co.
6,221 350,367 
Nucor Corp.
2,006 338,713 
Steel Dynamics, Inc.
2,935 392,908 
  1,081,988 
Oil, Gas and Consumable Fuels — 1.1%
  
Exxon Mobil Corp.
3,032 355,532 
Marathon Petroleum Corp.
9,499 1,677,618 
Valero Energy Corp.
2,397 376,665 
  2,409,815 
Personal Care Products — 0.1%
  
BellRing Brands, Inc.(1)
3,136 182,421 
Pharmaceuticals — 0.2%
  
Johnson & Johnson
3,519 516,132 
Professional Services — 1.5%
  
Booz Allen Hamilton Holding Corp.
4,972 756,788 
CACI International, Inc., Class A(1)
808 342,980 
Exponent, Inc.
3,608 343,193 
Genpact Ltd.
10,172 336,286 
Insperity, Inc.
3,331 315,512 
Maximus, Inc.
3,996 344,056 
Robert Half, Inc.
5,149 330,720 
Science Applications International Corp.
2,517 338,914 
  3,108,449 
Real Estate Management and Development — 0.7%
  
Jones Lang LaSalle, Inc.(1)
7,022 1,418,936 
Retail REITs — 0.9%
  
Simon Property Group, Inc.
12,810 1,938,281 
Semiconductors and Semiconductor Equipment — 4.6%
  
Amkor Technology, Inc.
31,679 1,032,419 
Applied Materials, Inc.
2,037 438,118 
Broadcom, Inc.
247 328,152 
Cirrus Logic, Inc.(1)
4,015 460,520 
KLA Corp.
2,428 1,844,139 
Lam Research Corp.
424 395,355 
QUALCOMM, Inc.
22,830 4,658,461 
Skyworks Solutions, Inc.
3,773 349,606 
Teradyne, Inc.
2,454 345,867 
  9,852,637 
Software — 4.7%
  
Adobe, Inc.(1)
712 316,669 


AppLovin Corp., Class A(1)
4,342 353,786 
Autodesk, Inc.(1)
861 173,578 
DocuSign, Inc.(1)
18,011 985,922 
Dolby Laboratories, Inc., Class A
4,300 348,343 
Dropbox, Inc., Class A(1)
29,705 669,254 
Fair Isaac Corp.(1)
137 176,720 
Fortinet, Inc.(1)
5,648 335,039 
Informatica, Inc., Class A(1)
11,521 332,381 
Manhattan Associates, Inc.(1)
7,636 1,676,408 
Microsoft Corp.
5,709 2,369,977 
Pegasystems, Inc.
5,675 326,086 
Qualys, Inc.(1)
5,388 757,661 
ServiceNow, Inc.(1)
454 298,246 
SPS Commerce, Inc.(1)
1,832 344,581 
Workiva, Inc.(1)
2,296 176,723 
Zoom Video Communications, Inc., Class A(1)
5,513 338,167 
  9,979,541 
Specialized REITs — 0.1%
  
Lamar Advertising Co., Class A
1,707 201,614 
Specialty Retail — 4.1%
  
AutoNation, Inc.(1)
2,031 345,778 
Best Buy Co., Inc.
24,567 2,083,773 
Dick's Sporting Goods, Inc.
3,597 818,821 
Gap, Inc.
49,492 1,433,288 
Home Depot, Inc.
7,015 2,349,113 
Ross Stores, Inc.
1,405 196,363 
TJX Cos., Inc.
1,862 191,972 
Williams-Sonoma, Inc.
4,837 1,418,305 
  8,837,413 
Technology Hardware, Storage and Peripherals — 5.1%
  
Apple, Inc.
18,818 3,617,761 
Dell Technologies, Inc., Class C
11,204 1,563,630 
HP, Inc.
110,096 4,018,504 
NetApp, Inc.
15,088 1,817,048 
  11,016,943 
Textiles, Apparel and Luxury Goods — 1.4%
  
Columbia Sportswear Co.
4,932 422,278 
Crocs, Inc.(1)
2,388 371,668 
PVH Corp.
3,068 368,191 
Ralph Lauren Corp.
2,029 379,179 
Skechers USA, Inc., Class A(1)
5,107 364,742 
Tapestry, Inc.
26,241 1,141,221 
  3,047,279 
Tobacco — 0.9%
  
Altria Group, Inc.
43,720 2,022,050 
Trading Companies and Distributors — 1.7%
  
Applied Industrial Technologies, Inc.
2,160 416,880 
Beacon Roofing Supply, Inc.(1)
1,964 190,626 
Core & Main, Inc., Class A(1)
5,980 344,209 
Fastenal Co.
5,230 345,075 
MSC Industrial Direct Co., Inc., Class A
3,883 333,550 
WW Grainger, Inc.
2,284 2,104,614 
  3,734,954 
TOTAL COMMON STOCKS
(Cost $192,820,938)
 212,271,041 


SHORT-TERM INVESTMENTS — 0.3%
  
Money Market Funds — 0.3%
  
State Street Institutional U.S. Government Money Market Fund, Premier Class
(Cost $602,188)
602,188 602,188 
TOTAL INVESTMENT SECURITIES — 99.4%
(Cost $193,423,126)
 212,873,229 
OTHER ASSETS AND LIABILITIES — 0.6%
 1,289,879 
TOTAL NET ASSETS — 100.0%
 $214,163,108 

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 (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Open-end management investment companies are valued at the reported NAV per share.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

2. Fair Value Measurements

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels. 

•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars. 

•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.