# EDGAR Filing Document

**Accession Number:** 0001710607
**File Stem:** 0001145549-25-048368
**Filing Date:** 2025-7
**Character Count:** 96389
**Document Hash:** b933e4664a74838c91acbd609b4e4557
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048368.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001145549-25-048368

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY ETF TRUST
- **CENTRAL INDEX KEY:** 0001710607

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23305
- **FILM NUMBER:** 251153165

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** (816) 531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** American Century ETF Trust
- **DATE OF NAME CHANGE:** 20170628

## Series and Classes Contracts Data

### American Century California Municipal Bond ETF (Series ID: S000085330)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000250325 | American Century California Municipal Bond ETF | CATF            |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**American Century**<sup>®</sup> **California Municipal Bond ETF (CATF)**

**May 31, 2025**

------

---

| |
|:---|
| **<u>California Municipal Bond ETF - Schedule of Investments</u>** |
| **MAY 31, 2025 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount ($)/Shares** | **Value ($)** |
| **MUNICIPAL SECURITIES — 98.7%** |  |  |
| **California — 96.1%** |  |  |
| Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/35 (AGM) | 500000 | 508567 |
| Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/37 | 120000 | 121174 |
| Bay Area Toll Authority Rev., 4.00%, 4/1/30 | 475000 | 480630 |
| Bay Area Toll Authority Rev., 4.00%, 4/1/38 | 90000 | 87807 |
| California Community Choice Financing Authority Rev., VRN, 5.50%, 10/1/54 (GA: National Bank of Canada) | 45000 | 47854 |
| California Community Choice Financing Authority Rev., VRN, 5.25%, 11/1/54 (GA: Goldman Sachs Group, Inc.) | 215000 | 225627 |
| California Community Choice Financing Authority Rev., VRN, 5.00%, 2/1/55 (GA: Royal Bank of Canada) | 250000 | 264878 |
| California Community Choice Financing Authority Rev., VRN, 5.00%, 8/1/55 (GA: American General Life) | 500000 | 521031 |
| California Community Choice Financing Authority Rev., VRN, 5.00%, 1/1/56 (GA: New York Life Insurance Co.) | 220000 | 234183 |
| California County Tobacco Securitization Agency Rev., (Los Angeles County Securitization Corp.), 4.00%, 6/1/39 | 325000 | 305358 |
| California County Tobacco Securitization Agency Rev., (Los Angeles County Securitization Corp.), 4.00%, 6/1/49 | 200000 | 169991 |
| California Educational Facilities Authority Rev., (Leland Stanford Junior University), VRN, 5.00%, 3/1/55 | 100000 | 112174 |
| California Educational Facilities Authority Rev., (Santa Clara University), 5.00%, 4/1/40 | 200000 | 218731 |
| California Enterprise Development Authority Rev., (Castilleja School Foundation), 5.00%, 6/1/42 | 350000 | 363021 |
| California Enterprise Development Authority Rev., (Sage Hill School), 5.00%, 12/1/37 | 130000 | 140433 |
| California Enterprise Development Authority Rev., (Sage Hill School), 5.00%, 12/1/40 | 100000 | 105338 |
| California Health Facilities Financing Authority Rev., (Adventist Health System/West Obligated Group), 5.25%, 12/1/40 | 250000 | 257107 |
| California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center Obligated Group), 4.00%, 8/15/48 | 275000 | 246742 |
| California Health Facilities Financing Authority Rev., (CommonSpirit Health Obligated Group), 4.00%, 4/1/38 | 25000 | 23941 |
| California Health Facilities Financing Authority Rev., (CommonSpirit Health Obligated Group), 5.00%, 12/1/42 | 350000 | 359875 |
| California Health Facilities Financing Authority Rev., (Kaiser Foundation Hospitals), VRN, 5.00%, 6/1/41 | 140000 | 150778 |
| California Health Facilities Financing Authority Rev., (Lucile Salter Packard Children's Hospital at Stanford Obligated Group), 5.00%, 8/15/34 | 250000 | 285358 |
| California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/32 | 145000 | 150897 |
| California Housing Finance Agency Rev., (CR Epoca L Communities LP), Class PT, 3.70%, 11/1/37 (FNMA) | 250000 | 239896 |
| California Infrastructure & Economic Development Bank Rev., (Desertxpress Enterprises LLC), VRN, 9.50%, 1/1/65<sup>(1)</sup> | 100000 | 96927 |
| California Infrastructure & Economic Development Bank Rev., (Equitable School Revolving Fund LLC Obligated Group), 5.00%, 11/1/29 | 250000 | 264264 |
| California Infrastructure & Economic Development Bank Rev., (Equitable School Revolving Fund LLC Obligated Group), 5.00%, 11/1/44 | 325000 | 325707 |
| California Infrastructure & Economic Development Bank Rev., (University of California), 5.00%, 5/15/45 | 250000 | 261883 |
| California Municipal Finance Authority Rev., (Ascent 613), 5.375%, 1/1/55<sup>(1)</sup> | 200000 | 186468 |
| California Municipal Finance Authority Rev., (California Baptist University), 5.125%, 11/1/40<sup>(1)</sup> | 250000 | 251030 |
| California Municipal Finance Authority Rev., (California Lutheran University CA), 5.00%, 10/1/28 | 150000 | 156667 |
| California Municipal Finance Authority Rev., (California Lutheran University CA), 5.00%, 10/1/37 | 200000 | 203039 |
| California Municipal Finance Authority Rev., (Caritas Corp. CMFA Mobile Home Park Financing 2024 Portfolio), 4.00%, 8/15/44 | 250000 | 220761 |
| California Municipal Finance Authority Rev., (CHF-Davis I LLC), 5.00%, 5/15/43 | 250000 | 250044 |
| California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.50%, 11/1/46<sup>(1)</sup> | 100000 | 87329 |
| California Municipal Finance Authority Rev., (Eskaton Properties, Inc. Obligated Group), 5.00%, 11/15/44 | 250000 | 248906 |
| California Municipal Finance Authority Rev., (Ignatian Corp.), 5.00%, 9/1/54 | 500000 | 506163 |
| California Municipal Finance Authority Rev., (PRS-California Obligated Group), 5.00%, 4/1/44 | 250000 | 252707 |
| California Municipal Finance Authority Rev., (St. Mary and All Angels Christian Church CA), 5.75%, 5/1/54<sup>(1)</sup> | 50000 | 49919 |
| California Municipal Finance Authority Rev., (United Airlines, Inc.), 4.00%, 7/15/29 | 250000 | 243504 |
| California Municipal Finance Authority Rev., (University of La Verne), 5.00%, 6/1/28 | 100000 | 103514 |
| California Municipal Finance Authority Rev., (View at San Bruno LP), VRN, 5.00%, 6/1/56 | 30000 | 31405 |
| California Municipal Finance Authority Rev., (Witmer Manor Community Partners LP), 4.875%, 11/1/43 (FNMA) | 200000 | 202481 |
| California Municipal Finance Authority Rev., VRN, 3.54%, 2/20/41 | 100000 | 89136 |
| California Municipal Finance Authority Special Tax, (California Municipal Finance Authority BOLD Program Series 2024A), 5.00%, 9/1/48 | 235000 | 235594 |

---

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| | | |
|:---|:---|:---|
| California Public Finance Authority Rev., (Henry Mayo Newhall Hospital Obligated Group), 5.00%, 10/15/37 | 40000 | 40214 |
| California Public Finance Authority Rev., (Kendal at Sonoma Obligated Group), 5.00%, 11/15/46<sup>(1)</sup> | 250000 | 226854 |
| California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 4.00%, 7/1/34<sup>(1)</sup> | 350000 | 341161 |
| California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/46<sup>(1)</sup> | 300000 | 279581 |
| California School Finance Authority Rev., (Granada Hills Charter High School Obligated Group), 5.00%, 7/1/42<sup>(1)</sup> | 250000 | 251258 |
| California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/27<sup>(1)</sup> | 160000 | 164304 |
| California State University Rev., 4.00%, 11/1/43 | 335000 | 308367 |
| California Statewide Communities Development Authority Rev., (Emanate Health Obligated Group), 4.00%, 4/1/45 | 250000 | 220855 |
| California Statewide Communities Development Authority Rev., (Front Porch Communities & Services Obligated Group), 4.00%, 4/1/39 | 175000 | 164576 |
| California Statewide Communities Development Authority Rev., (Front Porch Communities & Services Obligated Group), 4.00%, 4/1/42 | 200000 | 179465 |
| California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.25%, 12/1/44 | 200000 | 194526 |
| California Statewide Communities Development Authority Rev., (USC Obligated Group), 5.00%, 1/1/35 | 125000 | 129236 |
| California Statewide Communities Development Authority Special Tax, (California Statewide Communities Dev Auth Cmnty Facs Dist 2022-7 Impt Area 2), 5.00%, 9/1/54 | 40000 | 39620 |
| Central Valley Energy Authority Rev., VRN, 5.00%, 12/1/55 (GA: Pacific Life Insurance Co.) | 250000 | 261683 |
| CSCDA Community Improvement Authority Rev., (CSCDA Community Improvement Authority Orange Portfolio), 2.80%, 3/1/47<sup>(1)</sup> | 240000 | 174132 |
| CSCDA Community Improvement Authority Rev., (CSCDA Community Improvement Authority Orange Portfolio), 3.00%, 3/1/57<sup>(1)</sup> | 100000 | 63267 |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program Rev., 4.25%, 12/1/49 | 250000 | 230256 |
| Dublin Special Tax, (City of Dublin CA Community Facilities District No. 2015-1 Improvement Area No. 5), 5.375%, 9/1/51 | 390000 | 396732 |
| East County Advanced Water Purification Joint Powers Authority Rev., 3.125%, 9/1/26 | 690000 | 690127 |
| Elk Grove Finance Authority Special Tax, 5.00%, 9/1/29 | 200000 | 200956 |
| Foothill-Eastern Transportation Corridor Agency Rev., 4.00%, 1/15/46 | 260000 | 244643 |
| Glendale Electric Rev., 5.00%, 2/1/46 | 200000 | 203055 |
| Hastings Campus Housing Finance Authority Rev., 5.00%, 7/1/61<sup>(1)</sup> | 250000 | 214446 |
| Independent Cities Finance Authority Rev., (City of Compton CA Sales Tax), 4.00%, 6/1/36 (AGM)<sup>(1)</sup> | 250000 | 242455 |
| Independent Cities Finance Authority Rev., (City of Compton CA Sales Tax), 4.00%, 6/1/51 (AGM)<sup>(1)</sup> | 150000 | 132827 |
| Long Beach Marina System Rev., 5.00%, 5/15/37 | 250000 | 273239 |
| Los Angeles Community College District GO, 5.00%, 8/1/26 | 250000 | 256698 |
| Los Angeles County Community Facilities District No. 2021-01 Special Tax, (County of Los Angeles CA Community Facilities District No. 2021-01 Area No.2), 5.00%, 9/1/49 | 250000 | 247374 |
| Los Angeles County Public Works Financing Authority Rev., (County of Los Angeles CA), 5.00%, 12/1/27 | 500000 | 502522 |
| Los Angeles County Public Works Financing Authority Rev., (Los Angeles County), 5.50%, 12/1/49 | 150000 | 160827 |
| Los Angeles Department of Airports Rev., 5.00%, 5/15/32 | 150000 | 160722 |
| Los Angeles Housing Authority Rev., 3.75%, 4/1/34 (FNMA) | 100000 | 97288 |
| Los Angeles Unified School District GO, 5.00%, 7/1/25 | 100000 | 99610 |
| Los Angeles Unified School District GO, 5.00%, 7/1/26 | 180000 | 184336 |
| Los Angeles Unified School District GO, 5.00%, 7/1/35 | 500000 | 569419 |
| Los Rios Community College District GO, 5.00%, 8/1/26 | 250000 | 256407 |
| Monterey Peninsula Unified School District GO, 4.00%, 8/1/43 | 150000 | 144295 |
| Morgan Hill Unified School District GO, Capital Appreciation, 0.00%, 8/1/26 (FGIC)<sup>(2)(3)</sup> | 150000 | 142963 |
| Mountain View School District School Facilities Improvement District No. 2 GO, Capital Appreciation, 0.00%, 7/1/29<sup>(3)</sup> | 300000 | 256939 |
| M-S-R Energy Authority Rev., 6.50%, 11/1/39 (GA: Citigroup Global Markets) | 290000 | 342324 |
| Napa Valley Unified School District GO, 5.00%, 8/1/44 | 250000 | 265963 |
| New Hampshire Business Finance Authority Rev., VRN, 3.81%, 7/20/39 | 398532 | 362498 |
| Northern California Sanitation Agencies Financing Authority Rev., (Sacramento Area Sewer District), 5.00%, 12/1/36 | 250000 | 284789 |
| Oakland Unified School District/Alameda County GO, 4.00%, 8/1/36 (AGM) | 200000 | 196008 |
| Ontario Community Facilities District No. 64 Special Tax, 5.00%, 9/1/39 | 100000 | 102762 |
| Ontario International Airport Authority Rev., 5.00%, 5/15/46 (AGM) | 250000 | 255150 |
| Ontario Public Financing Authority Rev., (City of Ontario CA Water), 5.00%, 8/1/49 | 390000 | 409714 |
| Orange County Community Facilities District Special Tax, (County of Orange CA Community Facilities District No. 2016-1), 5.00%, 8/15/32 | 125000 | 126943 |

---

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| | | |
|:---|:---|:---|
| Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/36 | 130000 | 112996 |
| Paradise Unified School District COP, 5.25%, 5/1/48 | 100000 | 98410 |
| Peninsula Corridor Joint Powers Board Rev., 5.00%, 10/1/36 | 200000 | 213607 |
| Port of Los Angeles Rev., 5.00%, 8/1/35 | 250000 | 271541 |
| Redwood City Redevelopment Agency Successor Agency Tax Allocation, Capital Appreciation, 0.00%, 7/15/30 (AMBAC)<sup>(3)</sup> | 200000 | 166168 |
| Rio Hondo Community College District GO, 5.00%, 8/1/43 | 225000 | 239686 |
| Riverside County Public Financing Authority Tax Allocation, (Riverside County Public Financing Authority Redevelopment Project Area No. 1), 5.00%, 10/1/26 (AGM) | 250000 | 257287 |
| Riverside County Transportation Commission Rev., 4.00%, 6/1/46 | 565000 | 504239 |
| Riverside Unified School District Special Tax, (Riverside Unified School District Community Facilities District No. 40), 5.00%, 9/1/40 | 150000 | 151247 |
| Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2020-2 Area No. 1), 5.00%, 9/1/40 | 250000 | 253378 |
| Roseville Special Tax, (City of Roseville CA Amoruso Ranch Community Facilities District 1 Impt Area 1), 5.00%, 9/1/44 | 250000 | 246630 |
| Sacramento County Airport System Rev., 5.00%, 7/1/34 | 15000 | 15661 |
| Sacramento Municipal Utility District Rev., 5.00%, 8/15/28 | 20000 | 21476 |
| Sacramento Municipal Utility District Rev., 5.00%, 11/15/54 | 25000 | 25946 |
| San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/28 | 200000 | 201528 |
| San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/30 | 25000 | 25163 |
| San Diego Unified School District GO, 5.00%, 7/1/35 | 250000 | 286821 |
| San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/46 | 350000 | 345960 |
| San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, (Mission Bay South Redevelopment Area Tax Increment Financing District), 5.00%, 8/1/35 (AGC) | 250000 | 281070 |
| San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/36 | 265000 | 297381 |
| San Joaquin Hills Transportation Corridor Agency Rev., 5.25%, 1/15/49 | 155000 | 155019 |
| San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/36 (NPFG)<sup>(3)</sup> | 40000 | 25530 |
| San Jose Evergreen Community College District GO, 4.00%, 9/1/45 | 500000 | 477655 |
| Santa Ana Gas Tax Rev., 5.00%, 1/1/34 | 40000 | 42490 |
| Santa Clara Valley Water District Rev., 5.00%, 6/1/30 | 500000 | 503404 |
| Santa Clara Valley Water District Safe Clean Water Rev., 5.00%, 8/1/47 | 160000 | 169092 |
| Sonoma County Water Agency Rev., 4.00%, 7/1/47 | 145000 | 134348 |
| Southern California Public Power Authority Rev., 5.00%, 7/1/25 | 310000 | 310304 |
| Southern California Public Power Authority Rev., 5.00%, 7/1/26 | 80000 | 80089 |
| Southern California Public Power Authority Rev., (City of Anaheim CA Electric System), VRN, 3.70%, 7/1/40 | 500000 | 499134 |
| Southern California Public Power Authority Rev., (Los Angeles Department of Water & Power Power System), 5.00%, 7/1/48 | 100000 | 100517 |
| Southern California Public Power Authority Rev., (Los Angeles Department of Water & Power Power System), 5.25%, 7/1/53 | 250000 | 253598 |
| State of California GO, 4.00%, 3/1/30, Prerefunded at 100% of Par<sup>(2)</sup> | 5000 | 5247 |
| State of California GO, 5.00%, 3/1/32 | 230000 | 249956 |
| State of California GO, 4.00%, 3/1/36 | 195000 | 196610 |
| State of California GO, 4.25%, 9/1/52 | 385000 | 361398 |
| Stockton Unified School District GO, 5.00%, 8/1/27 (AGM) | 285000 | 298416 |
| Sulphur Springs Union School District Special Tax, (Sulphur Springs Union School District Community Facilities District No. 2019-1), 5.00%, 9/1/28 | 180000 | 187278 |
| University of California Rev., 5.00%, 5/15/26 | 50000 | 51034 |
| University of California Rev., 5.00%, 5/15/29 | 200000 | 216354 |
| University of California Rev., 5.00%, 5/15/37 | 360000 | 396083 |
| University of California Rev., 5.25%, 5/15/40 | 250000 | 276392 |
| Yosemite Community College District GO, Capital Appreciation, 0.00%, 8/1/31<sup>(3)</sup> | 140000 | 113996 |
|  |  | 30302364 |
| **Guam — 2.0%** |  |  |
| Antonio B Won Pat International Airport Authority Rev., 5.25%, 10/1/35 | 100000 | 105307 |
| Guam Power Authority Rev., 5.00%, 10/1/30 | 350000 | 374749 |
| Port Authority of Guam Rev., 5.00%, 7/1/29 | 135000 | 139301 |
|  |  | 619357 |

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| | | |
|:---|:---|:---|
| **Puerto Rico — 0.6%** |  |  |
| Puerto Rico GO, 5.625%, 7/1/29 | 150000 | 157238 |
| Puerto Rico GO, VRN, 0.00%, 11/1/51 | 16673 | 8607 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Rev., Capital Appreciation, 0.00%, 7/1/51<sup>(3)</sup> | 125000 | 29510 |
|  |  | 195355 |
| **TOTAL MUNICIPAL SECURITIES**<br>(Cost $32,072,148) |  | **31117076** |
| **SHORT-TERM INVESTMENTS — 0.1%** |  |  |
| **Money Market Funds — 0.1%** |  |  |
| BlackRock Liquidity Funds MuniCash<br>(Cost $16,472) | 16470 | **16472** |
| **TOTAL INVESTMENT SECURITIES — 98.8%**<br>(Cost $32,088,620) |  | **31133548** |
| **OTHER ASSETS AND LIABILITIES — 1.2%** |  | **380800** |
| **TOTAL NET ASSETS — 100.0%** |  | $**31514348** |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 7 | September 2025 | $1452063 | $1244 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 10-Year Ultra Notes | 4 | September 2025 | $450188 | $(1289) |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| AGC | – | Assured Guaranty Corp. |
| AGM | – | Assured Guaranty Municipal Corp. |
| AMBAC | – | American Municipal Bond Assurance Corp. |
| COP | – | Certificates of Participation |
| FGIC | – | Financial Guaranty Insurance Co. |
| FNMA | – | Federal National Mortgage Association |
| GA | – | Guaranty Agreement |
| GO | – | General Obligation |
| NPFG | – | National Public Finance Guarantee Corp. |
| 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. The security's effective maturity date may be shorter than the final maturity date shown. |

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(1)Security was purchased pursuant to Rule 144A or Section 4(2) 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 $2,761,958, which represented 8.8% of total net assets.

(2)Escrowed to maturity in U.S. government securities or state and local government securities.

(3)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

------

**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.

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.

Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.

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.

**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** | **Assets** | **Assets** | **Assets** |
| **Investment Securities** | **Investment Securities** | **Investment Securities** | **Investment Securities** |
| Municipal Securities |  | $31117076 |  |
| Short-Term Investments | $16472 |  |  |
|  | $16472 | $31117076 |  |
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Futures Contracts | $1244 |  |  |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Futures Contracts | $1289 |  |  |

---

*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.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** American Century ETF Trust

- **b. Investment Company Act file number:** 811-23305

- **c. CIK number of Registrant:** 0001710607

- **d. LEI of Registrant:** 5493006IKK34YJD98183

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

**Item A.2. Information about the Series.**

- **a. Name of Series:** American Century California Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000085330

- **c. LEI of Series:** 254900SECH1HRR3W0D53

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $31522739.21

**Total Liabilities:** $7845.40

**Net Assets:** $31514893.81

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 4.000000000000 | **1-Year:** 442.000000000000 | **5-Year:** 1458.000000000000 | **10-Year:** 10087.000000000000 | **30-Year:** 6371.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 56.000000000000 | **5-Year:** 159.000000000000 | **10-Year:** 1265.000000000000 | **30-Year:** 1959.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250325 | -1.65%               | -0.85%               | -0.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12519.30               | $-608847.15                                |
| Month 2  | $-150699.56              | $-217780.16                                |
| Month 3  | $-69390.81               | $-119646.32                                |

### Schedule of Portfolio Investments

| Name                                                                         | Title                                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LOS ANGELES CNTY SECURITI                                                    | California County Tobacco Securitization Agency 4.00% 06/01/2049                              | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $169991.12    | 0.54%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA UNIVERSITY                                                       | California Educational Facilities Authority 5.00% 04/01/2040                                  | CUSIP: 130179VZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218730.90    | 0.69%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LELAND STANFORD JR UNIV                                                      | California Educational Facilities Authority 5.00% 03/01/2055                                  | CUSIP: 130179XB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112174.15    | 0.36%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CEDARS-SINAI MED CTR OBLG                                                    | California Health Facilities Financing Authority 4.00% 08/15/2048                             | CUSIP: 13032UB23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    275000 | PA      | $246742.13    | 0.78%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | University of California 5.00% 05/15/2026                                                     | CUSIP: 91412HQZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51034.31     | 0.16%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | University of California 5.00% 05/15/2029                                                     | CUSIP: 91412HTF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216353.78    | 0.69%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | University of California 5.25% 05/15/2040                                                     | CUSIP: 91412HUE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276392.48    | 0.88%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Yosemite Community College District                                          | Yosemite Community College District 0.00% 08/01/2031                                          | CUSIP: 987388DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $113995.69    | 0.36%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CBOT 10 Year Ultra US Treasury Note                                          | US 10yr Ultra Fut Sep25                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |        -4 | NC      | $-1289.05     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 2 Year US Treasury Note                                                 | US 2YR NOTE (CBT) Sep25                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |         7 | NC      | $1244.17      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | Alameda Corridor Transportation Authority 5.00% 10/01/2037                                    | CUSIP: 010869HB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121173.84    | 0.38%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | Alameda Corridor Transportation Authority 5.00% 10/01/2035                                    | CUSIP: 010869HG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508566.85    | 1.61%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | Bay Area Toll Authority 4.00% 04/01/2030                                                      | CUSIP: 072024VD1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    475000 | PA      | $480629.84    | 1.53%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                      | Bay Area Toll Authority 4.00% 04/01/2038                                                      | CUSIP: 072024VN9<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     90000 | PA      | $87806.98     | 0.28%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash                                           | BlackRock Liquidity Funds MuniCash                                                            | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | EC               | RF                | US        |     16470 | NS      | $16471.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA Community Improvement Authority 2.80% 03/01/2047                                        | CUSIP: 126292BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $174132.31    | 0.55%             | 2047-03-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA Community Improvement Authority 3.00% 03/01/2057                                        | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $63266.57     | 0.20%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority 5.50% 10/01/2054                              | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47854.46     | 0.15%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority 5.25% 11/01/2054                              | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    215000 | PA      | $225626.85    | 0.72%             | 2054-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority 5.00% 08/01/2055                              | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521030.85    | 1.65%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority 5.00% 02/01/2055                              | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264878.35    | 0.84%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority 5.00% 01/01/2056                              | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    220000 | PA      | $234182.74    | 0.74%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY SECURITI                                                    | California County Tobacco Securitization Agency 4.00% 06/01/2039                              | CUSIP: 13016NEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $305357.68    | 0.97%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                      | Rio Hondo Community College District/CA 5.00% 08/01/2043                                      | CUSIP: 767121FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $239686.45    | 0.76%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                            | Riverside Unified School District 5.00% 09/01/2040                                            | CUSIP: 769069Z40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151246.59    | 0.48%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                   | Riverside County Transportation Commission 4.00% 06/01/2046                                   | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |    565000 | PA      | $504238.60    | 1.60%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                  | Riverside County Public Financing Authority 5.00% 10/01/2026                                  | CUSIP: 76912TNQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257286.70    | 0.82%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                     | Romoland School District 5.00% 09/01/2040                                                     | CUSIP: 776192XX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253378.05    | 0.80%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                         | City of Roseville CA 5.00% 09/01/2044                                                         | CUSIP: 7778706N1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246629.95    | 0.78%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                        | Sacramento Municipal Utility District 5.00% 08/15/2028                                        | CUSIP: 786005D70<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21475.80     | 0.07%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                        | Sacramento Municipal Utility District 5.00% 11/15/2054                                        | CUSIP: 786005K64<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25945.57     | 0.08%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | County of Sacramento CA Airport System Revenue 5.00% 07/01/2034                               | CUSIP: 786107SX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15660.57     | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | San Diego Unified School District/CA 5.00% 07/01/2035                                         | CUSIP: 797356NE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $286820.60    | 0.91%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANFORD BURNHAM PREBYS                                                       | County of San Diego CA 5.00% 11/01/2028                                                       | CUSIP: 79742YAN2<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201527.62    | 0.64%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANFORD BURNHAM PREBYS                                                       | County of San Diego CA 5.00% 11/01/2030                                                       | CUSIP: 79742YAQ5<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25163.11     | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport 5.00% 05/01/2046 | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    350000 | PA      | $345959.60    | 1.10%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency            | San Francisco City & County Redevelopment Agency Successor Agency 5.00% 08/01/2035            | CUSIP: 79770GKN5<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    250000 | PA      | $281069.98    | 0.89%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue           | City of San Francisco CA Public Utilities Commission Water Revenue 5.00% 11/01/2036           | CUSIP: 79771FDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $297380.69    | 0.94%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                             | San Joaquin Hills Transportation Corridor Agency 0.00% 01/15/2036                             | CUSIP: 798111DG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $25530.04     | 0.08%             | 2036-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                             | San Joaquin Hills Transportation Corridor Agency 5.25% 01/15/2049                             | CUSIP: 798111GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155018.52    | 0.49%             | 2049-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                | San Jose Evergreen Community College District 4.00% 09/01/2045                                | CUSIP: 798189TG1<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |    500000 | PA      | $477654.95    | 1.52%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Ana CA Gas Tax Revenue                                         | City of Santa Ana CA Gas Tax Revenue 5.00% 01/01/2034                                         | CUSIP: 80111PAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42490.03     | 0.13%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Water District Safe Clean Water Revenue                   | Santa Clara Valley Water District Safe Clean Water Revenue 5.00% 08/01/2047                   | CUSIP: 80168EAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $169092.37    | 0.54%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Water                                                     | Santa Clara Valley Water District 5.00% 06/01/2030                                            | CUSIP: 80168QDR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503403.95    | 1.60%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sonoma County Water Agency                                                   | Sonoma County Water Agency 4.00% 07/01/2047                                                   | CUSIP: 835577LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $134348.43    | 0.43%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority 5.00% 07/01/2048                                   | CUSIP: 842469BJ6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100516.64    | 0.32%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority 5.25% 07/01/2053                                   | CUSIP: 842469BK3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253598.10    | 0.80%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority 3.70% 07/01/2040                                   | CUSIP: 842475R80<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499133.65    | 1.58%             | 2040-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority 5.00% 07/01/2026                                   | CUSIP: 842477TZ4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80089.09     | 0.25%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority 5.00% 07/01/2025                                   | CUSIP: 84247PNE7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    310000 | PA      | $310304.23    | 0.98%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                             | Stockton Unified School District 5.00% 08/01/2027                                             | CUSIP: 861419B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $298416.06    | 0.95%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                        | Sulphur Springs Union School District 5.00% 09/01/2028                                        | CUSIP: 865483HX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $187278.08    | 0.59%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | University of California 5.00% 05/15/2037                                                     | CUSIP: 91412HQR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $396082.76    | 1.26%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONT PORCH CMNNTYS OBLIG                                                    | California Statewide Communities Development Authority 4.00% 04/01/2039                       | CUSIP: 13080SC36<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    175000 | PA      | $164576.21    | 0.52%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOMA LINDA UNIV MED OBL                                                      | California Statewide Communities Development Authority 5.25% 12/01/2044                       | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $194525.98    | 0.62%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FRONT PORCH CMNNTYS OBLIG                                                    | California Statewide Communities Development Authority 4.00% 04/01/2042                       | CUSIP: 13080SSC9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $179465.36    | 0.57%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMANATE HLTH OBLIG GROUP                                                     | California Statewide Communities Development Authority 4.00% 04/01/2045                       | CUSIP: 13080SYX6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $220855.33    | 0.70%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| USC OBLIGATED GROUP                                                          | California Statewide Communities Development Authority 5.00% 01/01/2035                       | CUSIP: 13081KAR1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129236.44    | 0.41%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                              | Central Valley Energy Authority 5.00% 12/01/2055                                              | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261683.18    | 0.83%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dublin CA                                                            | City of Dublin CA 5.38% 09/01/2051                                                            | CUSIP: 26362DBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $396732.30    | 1.26%             | 2051-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| East County Advanced Water Purification Joint Powers Authority               | East County Advanced Water Purification Joint Powers Authority 3.13% 09/01/2026               | CUSIP: 271843AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690126.68    | 2.19%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Elk Grove Finance Authority                                                  | Elk Grove Finance Authority 5.00% 09/01/2029                                                  | CUSIP: 287254CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200956.48    | 0.64%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                              | Foothill-Eastern Transportation Corridor Agency 4.00% 01/15/2046                              | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $244642.68    | 0.78%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale CA Electric Revenue                                         | City of Glendale CA Electric Revenue 5.00% 02/01/2046                                         | CUSIP: 378406PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203054.56    | 0.64%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                            | Antonio B Won Pat International Airport Authority 5.25% 10/01/2035                            | CUSIP: 40064RFR5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    100000 | PA      | $105306.79    | 0.33%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                       | Port Authority of Guam 5.00% 07/01/2029                                                       | CUSIP: 400652AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    135000 | PA      | $139301.41    | 0.44%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                         | Guam Power Authority 5.00% 10/01/2030                                                         | CUSIP: 400653KR1<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |    350000 | PA      | $374748.71    | 1.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                    | Hastings Campus Housing Finance Authority 5.00% 07/01/2061                                    | CUSIP: 418338AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214446.35    | 0.68%             | 2061-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | Independent Cities Finance Authority 4.00% 06/01/2036                                         | CUSIP: 45384PAL9<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    250000 | PA      | $242454.70    | 0.77%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                         | Independent Cities Finance Authority 4.00% 06/01/2051                                         | CUSIP: 45384PAP0<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    150000 | PA      | $132826.92    | 0.42%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                  | City of Long Beach CA Marina System Revenue 5.00% 05/15/2037                                  | CUSIP: 542426DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273238.68    | 0.87%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                    | Los Angeles Community College District/CA 5.00% 08/01/2026                                    | CUSIP: 54438CYX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256697.80    | 0.81%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports 5.00% 05/15/2032                                   | CUSIP: 5444452M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160721.88    | 0.51%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                          | Port of Los Angeles 5.00% 08/01/2035                                                          | CUSIP: 544552C67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271541.15    | 0.86%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                | Los Angeles Housing Authority 3.75% 04/01/2034                                                | CUSIP: 544562CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97287.79     | 0.31%             | 2034-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA 5.00% 07/01/2026                      | Los Angeles Unified School District/CA 5.00% 07/01/2026                                       | CUSIP: 5446465P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $184335.57    | 0.58%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                       | Los Angeles Unified School District/CA 5.00% 07/01/2025                                       | CUSIP: 544647HS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100155.62    | 0.32%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                       | Los Angeles Unified School District/CA 5.00% 07/01/2035                                       | CUSIP: 544647JV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569418.95    | 1.81%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                          | Los Angeles County Public Works Financing Authority 5.00% 12/01/2027                          | CUSIP: 54473ERF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502522.30    | 1.59%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                          | Los Angeles County Public Works Financing Authority 5.50% 12/01/2049                          | CUSIP: 54473EYK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160827.45    | 0.51%             | 2049-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA Community Facilities District No 2021-01            | County of Los Angeles CA Community Facilities District No 2021-01 5.00% 09/01/2049            | CUSIP: 54531MBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247374.25    | 0.78%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Rios Community College District                                          | Los Rios Community College District 5.00% 08/01/2026                                          | CUSIP: 545624SL3<br>LEI: 549300POMNL5W7FEFO13 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256407.50    | 0.81%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                       | M-S-R Energy Authority 6.50% 11/01/2039                                                       | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    290000 | PA      | $342323.83    | 1.09%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Monterey Peninsula Unified School District                                   | Monterey Peninsula Unified School District 4.00% 08/01/2043                                   | CUSIP: 612582FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144295.05    | 0.46%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Unified School District                                          | Morgan Hill Unified School District 0.00% 08/01/2026                                          | CUSIP: 617403CL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $142963.13    | 0.45%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain View School District School Facilities Improvement District No 2    | Mountain View School District School Facilities Improvement District No 2 0.00% 07/01/2029    | CUSIP: 62440CAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $256938.81    | 0.82%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                          | Napa Valley Unified School District 5.00% 08/01/2044                                          | CUSIP: 630362GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265963.35    | 0.84%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | New Hampshire Business Finance Authority 3.81% 07/20/2039                                     | CUSIP: 63607WBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    398532 | PA      | $362498.29    | 1.15%             | 2039-07-20      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Northern California Sanitation Agencies Financing Authority                  | Northern California Sanitation Agencies Financing Authority 5.00% 12/01/2036                  | CUSIP: 66484EAN5<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $284789.25    | 0.90%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                               | Oakland Unified School District/Alameda County 4.00% 08/01/2036                               | CUSIP: 672325H83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196008.30    | 0.62%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario International Airport Authority                                      | Ontario International Airport Authority 5.00% 05/15/2046                                      | CUSIP: 683042AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255150.15    | 0.81%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASCENT 613                                                                   | California Municipal Finance Authority 5.38% 01/01/2055                                       | CUSIP: 13051EAJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $186468.26    | 0.59%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HENRY MAYO NEWHALL HSP OB                                                    | California Public Finance Authority 5.00% 10/15/2037                                          | CUSIP: 13057EAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40214.29     | 0.13%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENDAL AT SONOMA OBLIG GP                                                    | California Public Finance Authority 5.00% 11/15/2046                                          | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $226854.40    | 0.72%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASPIRE PUBLIC SCHOOLS OBL                                                    | California School Finance Authority 5.00% 08/01/2046                                          | CUSIP: 13058TMA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $279581.22    | 0.89%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLIANCE FOR CLG READY OB                                                    | California School Finance Authority 4.00% 07/01/2034                                          | CUSIP: 13058TUC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $341160.65    | 1.08%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREEN DOT PUBLIC SCHS OBG                                                    | California School Finance Authority 5.00% 08/01/2027                                          | CUSIP: 13059TFE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $164303.86    | 0.52%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRANADA HILLS CHTR OBLIG                                                     | California School Finance Authority 5.00% 07/01/2042                                          | CUSIP: 13059TJN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251257.98    | 0.80%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California 4.25% 09/01/2052                                                          | CUSIP: 13063DT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $361398.46    | 1.15%             | 2052-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California 5.00% 03/01/2032                                                          | CUSIP: 13063DTG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $249956.16    | 0.79%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California 4.00% 03/01/2036                                                          | CUSIP: 13063EKK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5246.66      | 0.02%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California 4.00% 03/01/2036                                                          | CUSIP: 13063EKM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196609.98    | 0.62%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program        | Department of Veterans Affairs Veteran's Farm & Home Purchase Program 4.25% 12/01/2049        | CUSIP: 130658TX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230255.63    | 0.73%             | 2049-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CASTILLEJA SCH FNDTN                                                         | California Enterprise Development Authority 5.00% 06/01/2042                                  | CUSIP: 13067REE9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    350000 | PA      | $363021.02    | 1.15%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAGE HILL SCHOOL                                                             | California Enterprise Development Authority 5.00% 12/01/2037                                  | CUSIP: 13067REZ2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    130000 | PA      | $140433.05    | 0.45%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAGE HILL SCHOOL                                                             | California Enterprise Development Authority 5.00% 12/01/2040                                  | CUSIP: 13067RFC2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105337.52    | 0.33%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | California State University 4.00% 11/01/2043                                                  | CUSIP: 13077CX41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $308367.06    | 0.98%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide                                                         | California Statewide Communities Development Authority 5.00% 09/01/2054                       | CUSIP: 13077ERA0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39619.67     | 0.13%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                           | Ontario Public Financing Authority 5.00% 08/01/2049                                           | CUSIP: 68304SBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $409713.95    | 1.30%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ontario CA Community Facilities District No 64                       | City of Ontario CA Community Facilities District No 64 5.00% 09/01/2039                       | CUSIP: 68305GAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102762.49    | 0.33%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                  | Orange County Community Facilities District 5.00% 08/15/2032                                  | CUSIP: 68423PWU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126943.46    | 0.40%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALOMAR HEALTH OBLIG GRP                                                     | Palomar Health 5.00% 11/01/2036                                                               | CUSIP: 697528AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $112996.47    | 0.36%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paradise Unified School District                                             | Paradise Unified School District 5.25% 05/01/2048                                             | CUSIP: 699042BY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98409.54     | 0.31%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Peninsula Corridor Joint Powers Board/CA                                     | Peninsula Corridor Joint Powers Board/CA 5.00% 10/01/2036                                     | CUSIP: 707120CL3<br>LEI: 549300EWZ3063STMF882 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213607.12    | 0.68%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico 5.63% 07/01/2029                                                  | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    150000 | PA      | $157238.28    | 0.50%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico 0.00% 11/01/2051                                                  | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     16673 | PA      | $8607.34      | 0.03%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.00% 07/01/2051                       | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    125000 | PA      | $29509.44     | 0.09%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redwood City Redevelopment Agency Successor Agency                           | Redwood City Redevelopment Agency Successor Agency 0.00% 07/15/2030                           | CUSIP: 757887BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $166168.18    | 0.53%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH OBLIG GROUP                                                    | California Health Facilities Financing Authority 5.00% 11/15/2032                             | CUSIP: 13032UNQ7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    145000 | PA      | $150897.31    | 0.48%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HLTH OBLIG                                                      | California Health Facilities Financing Authority 5.00% 12/01/2042                             | CUSIP: 13032US33<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    350000 | PA      | $359875.46    | 1.14%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADVENTIST HLTH SYS/W OBLG                                                    | California Health Facilities Financing Authority 5.25% 12/01/2040                             | CUSIP: 13032UU30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257107.23    | 0.82%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KAISER FDTN HOSPITALS                                                        | California Health Facilities Financing Authority 5.00% 06/01/2041                             | CUSIP: 13032UUW6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    140000 | PA      | $150777.52    | 0.48%             | 2041-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HLTH OBLIG                                                      | California Health Facilities Financing Authority 4.00% 04/01/2038                             | CUSIP: 13032UWZ7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23941.45     | 0.08%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LUCILE S PACKARD CHLD HSP                                                    | California Health Facilities Financing Authority 5.00% 08/15/2034                             | CUSIP: 13032UX45<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $285357.60    | 0.91%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DESERTXPRESS ENTERPRISES                                                     | California Infrastructure & Economic Development Bank 9.50% 01/01/2065                        | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96927.17     | 0.31%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | California Infrastructure & Economic Development Bank 5.00% 05/15/2045                        | CUSIP: 13034A6X3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261883.35    | 0.83%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CR EPOCA L CMNTYS LP                                                         | California Housing Finance Agency 3.70% 11/01/2037                                            | CUSIP: 13034DAT1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $239895.50    | 0.76%             | 2037-11-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| EQUITABLE SCH REVOLV OBL                                                     | California Infrastructure & Economic Development Bank 5.00% 11/01/2029                        | CUSIP: 13035ADD8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264264.43    | 0.84%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE SCH REVOLV OBL                                                     | California Infrastructure & Economic Development Bank 5.00% 11/01/2044                        | CUSIP: 13035ADU0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325706.65    | 1.03%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIEW AT SAN BRUNO LP                                                         | California Municipal Finance Authority 5.00% 06/01/2056                                       | CUSIP: 130483HC7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31404.66     | 0.10%             | 2056-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WITMER MANOR CMNTY PARTNE                                                    | California Municipal Finance Authority 4.88% 11/01/2043                                       | CUSIP: 130483HW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202481.34    | 0.64%             | 2043-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF LA VERNE                                                       | California Municipal Finance Authority 5.00% 06/01/2028                                       | CUSIP: 13048T2H5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103513.69    | 0.33%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CREATIVE CTR OF LOS ALTOS                                                    | California Municipal Finance Authority 4.50% 11/01/2046                                       | CUSIP: 13048TA37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $87329.21     | 0.28%             | 2046-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRS-CALIFORNIA OBLIG GRP                                                     | California Municipal Finance Authority 5.00% 04/01/2044                                       | CUSIP: 13048V2S6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252706.95    | 0.80%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BAPTIST UNIV                                                      | California Municipal Finance Authority 5.13% 11/01/2040                                       | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251030.10    | 0.80%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA LUTHERAN UNIV                                                     | California Municipal Finance Authority 5.00% 10/01/2028                                       | CUSIP: 13048VDL9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156666.62    | 0.50%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA LUTHERAN UNIV                                                     | California Municipal Finance Authority 5.00% 10/01/2037                                       | CUSIP: 13048VDV7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203038.82    | 0.64%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE IGNATIAN CORPORATION                                                     | California Municipal Finance Authority 5.00% 09/01/2054                                       | CUSIP: 13048VV39<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506162.65    | 1.61%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESKATON PPTYS INC OBLG GP                                                    | California Municipal Finance Authority 5.00% 11/15/2044                                       | CUSIP: 13048VZ92<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248906.38    | 0.79%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARITAS CORP CMFA MOBILE                                                     | California Municipal Finance Authority 4.00% 08/15/2044                                       | CUSIP: 13049SGA6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $220761.08    | 0.70%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHF-DAVIS I LLC                                                              | California Municipal Finance Authority 5.00% 05/15/2043                                       | CUSIP: 13049YBK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250044.08    | 0.79%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United Airlines Inc                                                          | California Municipal Finance Authority 4.00% 07/15/2029                                       | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243504.13    | 0.77%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority 3.54% 02/20/2041                                       | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89135.86     | 0.28%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority 5.00% 09/01/2048                                       | CUSIP: 13051AGS1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235594.39    | 0.75%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST MARY AND ALL ANGELS                                                       | California Municipal Finance Authority 5.75% 05/01/2054                                       | CUSIP: 13051BAC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49918.79     | 0.16%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** American Century ETF Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer