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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Century Diversified Municipal Bond ETF

TAXF | Active ETF

$50.81

$433 M

3.63%

$1.85

0.29%

Vitals

YTD Return

2.5%

1 yr return

7.1%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.6%

Net Assets

$433 M

Holdings in Top 10

4.6%

52 WEEK LOW AND HIGH

$50.8
$49.09
$51.49

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Century Diversified Municipal Bond ETF

TAXF | Active ETF

$50.81

$433 M

3.63%

$1.85

0.29%

TAXF - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.82%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    American Century Diversified Municipal Bond ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Sep 10, 2018
  • Shares Outstanding
    4500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Gotelli

Fund Description

The fund invests in municipal and other debt securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund’s net assets, plus borrowings for investment purposes, in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.
The fund principally invests in investment-grade debt securities but may invest in high-yield securities (junk bonds). A high-yield security is one that has been rated below investment-grade or determined by the investment advisor to be of similar quality, including bonds that are in technical or monetary default. Issuers of these securities often have short financial histories or have questionable credit or have had and may continue to have problems making interest and principal payments. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objective of the fund.
The fund may purchase debt securities of any duration, and the average duration of the fund will vary based on the portfolio managers’ forecast of interest rates.
Although the fund seeks current income, it also employs techniques designed to realize capital appreciation. For example, the portfolio managers may select bonds with maturities and coupon rates that position the fund for potential capital appreciation for a variety of reasons, including their view on the direction of future interest-rate movements and the potential for a credit upgrade.
The fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. When determining whether to buy or sell a security, portfolio managers consider, among other things, current and anticipated changes in interest rates, the credit quality of a particular issuer, comparable alternatives, general market conditions and any other factor deemed relevant by the portfolio managers.
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TAXF - Performance

Return Ranking - Trailing

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -4.6% 33.0% 43.24%
1 Yr 7.1% -0.1% 38.0% 35.11%
3 Yr -0.1%* -10.8% 3.4% 30.17%
5 Yr 1.6%* -6.7% 1104.0% 8.51%
10 Yr N/A* -0.9% 248.8% 14.56%

* Annualized

Return Ranking - Calendar

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -1.4% 41.0% 9.82%
2022 -11.4% -39.7% 0.3% 49.19%
2021 1.1% -5.6% 6.9% 7.57%
2020 3.3% -2.6% 310.0% 5.14%
2019 6.2% 0.0% 26.0% 5.57%

Total Return Ranking - Trailing

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -4.6% 33.0% 43.24%
1 Yr 7.1% -0.1% 38.0% 35.11%
3 Yr -0.1%* -10.8% 3.4% 30.17%
5 Yr 1.6%* -6.7% 1104.0% 8.51%
10 Yr N/A* -0.9% 248.8% N/A

* Annualized

Total Return Ranking - Calendar

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -1.3% 41.0% 13.09%
2022 -9.6% -39.7% 1.1% 53.73%
2021 2.7% -4.8% 23761504.0% 20.80%
2020 5.6% -1.5% 17057.9% 9.66%
2019 9.1% 0.2% 3514.6% 6.57%

TAXF - Holdings

Concentration Analysis

TAXF Category Low Category High TAXF % Rank
Net Assets 433 M 3.22 M 71.9 B 51.93%
Number of Holdings 689 4 13418 16.79%
Net Assets in Top 10 22.1 M -317 M 3.09 B 85.48%
Weighting of Top 10 4.63% 1.8% 100.3% 98.27%

Top 10 Holdings

  1. County of Miami-Dade FL Water Sewer System Revenue 4.00% 10/01/2040 0.56%
  2. State of Oregon 5.00% 06/01/2027 0.53%
  3. Southeast Energy Authority A Cooperative District 5.00% 01/01/2054 0.47%
  4. Salt River Project Agricultural Improvement Power District 5.00% 01/01/2047 0.46%
  5. Massachusetts Water Resources Authority 5.00% 08/01/2037 0.46%
  6. Salt River Project Agricultural Improvement Power District 5.00% 01/01/2050 0.46%
  7. Louisiana Stadium Exposition District 5.00% 07/01/2048 0.46%
  8. Main Street Natural Gas Inc 5.00% 12/01/2054 0.44%
  9. West Virginia Hospital Finance Authority 5.50% 09/01/2048 0.41%
  10. South Carolina Jobs-Economic Development Authority 5.00% 11/01/2031 0.39%

Asset Allocation

Weighting Return Low Return High TAXF % Rank
Bonds 		99.97% 0.00% 150.86% 22.70%
Cash 		0.03% -50.86% 44.62% 82.15%
Other 		0.00% -3.69% 51.88% 16.06%
Stocks 		0.00% 0.00% 99.78% 82.62%
Preferred Stocks 		0.00% 0.00% 0.07% 80.48%
Convertible Bonds 		0.00% 0.00% 0.93% 80.13%

Bond Sector Breakdown

Weighting Return Low Return High TAXF % Rank
Municipal 		99.74% 44.39% 100.00% 23.48%
Derivative 		0.00% -3.69% 51.88% 12.06%
Cash & Equivalents 		0.00% 0.00% 44.41% 91.21%
Securitized 		0.00% 0.00% 5.93% 80.60%
Corporate 		0.00% 0.00% 9.41% 82.47%
Government 		0.00% 0.00% 52.02% 82.68%

Bond Geographic Breakdown

Weighting Return Low Return High TAXF % Rank
US 		99.97% 0.00% 142.23% 21.65%
Non US 		0.00% 0.00% 23.89% 81.28%

TAXF - Expenses

Operational Fees

TAXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.01% 8.02% 94.67%
Management Fee 0.29% 0.00% 1.20% 15.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

TAXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

TAXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TAXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 283.00% 39.87%

TAXF - Distributions

Dividend Yield Analysis

TAXF Category Low Category High TAXF % Rank
Dividend Yield 3.63% 0.00% 14.51% 30.36%

Dividend Distribution Analysis

TAXF Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

TAXF Category Low Category High TAXF % Rank
Net Income Ratio 1.82% -0.53% 5.33% 58.06%

Capital Gain Distribution Analysis

TAXF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

TAXF - Fund Manager Analysis

Managers

Joseph Gotelli

Start Date

Tenure

Tenure Rank

Sep 10, 2018

3.72

3.7%

Mr. Gotelli, Portfolio Manager and Vice President, has joined American Century Investments since 2008. He has shared primary responsibility for the management of the fund, and has served on teams managing fixed-income investments since joining the advisor. Prior to joining American Century Investments, he was an assistant portfolio manager at Franklin Templeton Investments for seven years. He has a bachelor’s degree in business economics from the University of California, Santa Barbara and an MBA from Santa Clara University.

Alan Kruss

Start Date

Tenure

Tenure Rank

Sep 10, 2018

3.72

3.7%

Mr. Kruss, Vice President and Portfolio Manager, has been a member of the team that manages Government Agency Money Market since November 2001. He joined American Century in 1997 as an Investment Administrator. In 2000, he was named Fixed Income Trader and in 2001, he was named Portfolio Manager. He has a bachelor's degree in finance from San Francisco State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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