Symbols

TAXF

American Century Diversified Municipal Bond ETF·ARCA

--(--)

Key Stats

Assets Under Management

545.94MUSD

Fund Flows (1Y)

32.97MUSD

Dividend Yield

3.97%

Discount/Premium to NAV

0.24%

Shares Outstanding

10.85M

Expense Ratio

0.27%

About American Century Diversified Municipal Bond ETF

Issuer

American Century Investment Management, Inc.

Brand

American Century

Home Page

https://www.americancentury.com/invest/funds/american-century-diversified-municipal-bond-etf/

Inception Date

Sep 10, 2018

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

American Century Investment Management, Inc.

Distributor

Foreside Fund Services LLC

TAXF provides actively managed exposure to municipal debt. The fund principally holds investment-grade bonds, but may include high-yield issues. TAXF's active manager employs a research-driven process that aims to identify municipal bonds with lower default risk, while adjusting exposure for prevailing market conditions. The fund is reasonably priced in context, though investors who do not need high-yield exposure can find index-tracking competitors for a fraction of the cost.