CATF

American Century California Municipal Bond ETF

$50.12

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The American Century California Municipal Bond ETF (CATF) seeks to provide current income that is exempt from federal and California state income taxes.

Overview

ETF tracking American Century California Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-07-18

Market Cap $55.1M

Average Volume N/A

Dividend Yield 2.82%

52-Week Range $47.88 - $50.87

VWAP $50.19

Performance

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Investment Summary

📎 Investment Objective

The American Century California Municipal Bond ETF (CATF) seeks to provide current income that is exempt from federal and California state income taxes.

🎯 Investment Strategy

The fund invests primarily in investment-grade municipal bonds issued by the state of California and its local governments. The portfolio is actively managed, with the goal of generating tax-exempt income while managing interest rate risk and credit quality.

✨ Key Features

Focuses on California municipal bonds to provide state tax-exempt income
Actively managed portfolio to optimize risk-adjusted returns
Invests primarily in investment-grade municipal securities
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if the financial condition of issuers deteriorates
Concentration risk as the fund is focused on California municipal bonds
Liquidity risk for less actively traded municipal securities

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and exposure to the municipal bond market. It could be a component of a diversified fixed income portfolio, though investors should be aware of the risks associated with municipal bond investing.