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Trending ETFs

Name

As of 03/25/2024

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

$10.82

$3.63 B

3.22%

$0.35

0.47%

Vitals

YTD Return

0.2%

1 yr return

3.4%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

1.5%

Net Assets

$3.63 B

Holdings in Top 10

5.2%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

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

$10.82

$3.63 B

3.22%

$0.35

0.47%

TWTIX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.27%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    INTERMEDIATE-TERM TAX-FREE BOND FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Mar 02, 1987
  • Shares Outstanding
    67826680
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alan Kruss

Fund Description

The portfolio managers principally buy investment-grade debt securities and, under normal market conditions, will invest at least 80% of the fund’s net assets in debt securities with interest payments exempt from federal income tax. The fund’s weighted average maturity will be not less than three years nor more than ten years. However, there is no maturity limit on individual securities.
The portfolio managers also may buy investment-grade debt securities with interest payments exempt from regular federal income tax, but not exempt from the federal alternative minimum tax. No more than 20% of the fund’s assets may be invested in these securities.
Although the fund invests principally in investment-grade securities, up to 20% of the value of the fund’s net assets may be invested in below investment-grade securities, also known as junk bonds. The fund also may invest in securities which, while not rated, are determined by the portfolio managers to be of comparable credit quality to those rated below investment-grade.
When determining whether to 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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TWTIX - Performance

Return Ranking - Trailing

Period TWTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.4% 12.5% 44.51%
1 Yr 3.4% -2.6% 37.8% 52.68%
3 Yr -0.3%* -10.1% 3.1% 30.80%
5 Yr 1.5%* -5.6% 1103.2% 20.50%
10 Yr 2.1%* -0.2% 248.4% 43.42%

* Annualized

Return Ranking - Calendar

Period TWTIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -1.4% 41.0% 65.74%
2022 -10.2% -39.7% 0.3% 38.30%
2021 -0.2% -5.6% 6.9% 34.92%
2020 2.3% -2.6% 310.0% 20.89%
2019 4.0% 0.0% 26.0% 39.04%

Total Return Ranking - Trailing

Period TWTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.4% 12.5% 44.51%
1 Yr 3.4% -2.6% 37.8% 52.68%
3 Yr -0.3%* -10.1% 3.1% 30.80%
5 Yr 1.5%* -5.6% 1103.2% 20.50%
10 Yr 2.1%* -0.2% 248.4% 43.42%

* Annualized

Total Return Ranking - Calendar

Period TWTIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -1.3% 41.0% 48.77%
2022 -7.7% -39.7% 1.1% 34.03%
2021 2.2% -4.8% 23761504.0% 32.41%
2020 4.3% -1.5% 17057.9% 30.70%
2019 6.7% 0.2% 3514.6% 44.24%

NAV & Total Return History


TWTIX - Holdings

Concentration Analysis

TWTIX Category Low Category High TWTIX % Rank
Net Assets 3.63 B 3.48 M 68.1 B 9.35%
Number of Holdings 1501 2 12848 4.45%
Net Assets in Top 10 191 M -317 M 3.4 B 20.62%
Weighting of Top 10 5.18% 1.9% 100.4% 98.58%

Top 10 Holdings

  1. Central Plains Energy Project 5.00% 05/01/2054 0.99%
  2. Main Street Natural Gas Inc 4.00% 03/01/2050 0.54%
  3. New Jersey Transportation Trust Fund Authority 5.00% 12/15/2035 0.51%
  4. State of Illinois 5.13% 12/01/2029 0.49%
  5. Black Belt Energy Gas District 5.50% 11/01/2053 0.46%
  6. State of North Carolina 5.00% 03/01/2034 0.45%
  7. District of Columbia Income Tax Revenue 5.00% 10/01/2033 0.44%
  8. Utility Debt Securitization Authority 5.00% 12/15/2030 0.44%
  9. State of Illinois 5.00% 11/01/2027 0.43%
  10. Florida Insurance Assistance Interlocal Agency Inc 5.00% 09/01/2024 0.43%

Asset Allocation

Weighting Return Low Return High TWTIX % Rank
Bonds
99.35% 0.00% 150.86% 26.66%
Cash
0.65% -50.86% 50.09% 74.81%
Stocks
0.00% 0.00% 99.80% 81.00%
Preferred Stocks
0.00% 0.00% 0.52% 78.67%
Other
0.00% -8.54% 33.35% 76.29%
Convertible Bonds
0.00% 0.00% 0.93% 78.40%

Bond Sector Breakdown

Weighting Return Low Return High TWTIX % Rank
Municipal
99.01% 44.39% 100.00% 40.17%
Cash & Equivalents
0.00% 0.00% 48.02% 54.64%
Derivative
0.00% -8.54% 23.38% 75.06%
Securitized
0.00% 0.00% 5.93% 78.27%
Corporate
0.00% 0.00% 9.41% 83.05%
Government
0.00% 0.00% 52.02% 80.34%

Bond Geographic Breakdown

Weighting Return Low Return High TWTIX % Rank
US
99.35% 0.00% 142.23% 24.68%
Non US
0.00% 0.00% 23.89% 80.61%

TWTIX - Expenses

Operational Fees

TWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.01% 20.65% 86.06%
Management Fee 0.46% 0.00% 1.20% 68.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

TWTIX 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

TWTIX 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.

TWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 283.00% 77.08%

TWTIX - Distributions

Dividend Yield Analysis

TWTIX Category Low Category High TWTIX % Rank
Dividend Yield 3.22% 0.00% 14.36% 31.68%

Dividend Distribution Analysis

TWTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TWTIX Category Low Category High TWTIX % Rank
Net Income Ratio 2.27% -0.53% 5.33% 31.51%

Capital Gain Distribution Analysis

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

Distributions History

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TWTIX - Fund Manager Analysis

Managers

Alan Kruss


Start Date

Tenure

Tenure Rank

Apr 30, 2006

16.1

16.1%

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.

Joseph Gotelli


Start Date

Tenure

Tenure Rank

Oct 01, 2008

13.67

13.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58