TAXF

American Century Diversified Municipal Bond ETF

$50.46

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The American Century Diversified Municipal Bond ETF (TAXF) seeks to provide current income that is exempt from federal income tax.

Overview

ETF tracking American Century Diversified Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2018-09-12

Market Cap $519.8M

Average Volume N/A

Dividend Yield 3.07%

52-Week Range $47.80 - $51.20

VWAP $50.52

Performance

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Investment Summary

📎 Investment Objective

The American Century Diversified Municipal Bond ETF (TAXF) seeks to provide current income that is exempt from federal income tax.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of municipal bonds. The portfolio managers use a disciplined investment process to identify bonds they believe offer the best potential for income generation while managing risk.

✨ Key Features

Broad exposure to the municipal bond market
Actively managed portfolio seeking to optimize risk and return
Tax-exempt income that may be suitable for investors in higher tax brackets
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk that an issuer will default on its debt obligations
Liquidity risk: The potential difficulty in selling municipal bonds in a timely manner
Tax risk: Changes in tax laws could affect the tax-exempt status of municipal bond interest

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and broad exposure to the municipal bond market. It may be particularly attractive for investors in higher tax brackets who are looking to maximize their after-tax returns.