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About American Century Diversified Municipal Bond ETF
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Inception date
Sep 10, 2018
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
TAXF provides actively managed exposure to municipal debt. The fund principally holds investment-grade bonds, but may include high-yield issues. TAXFs 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.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.15%
Cash0.52%
Corporate0.34%
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