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Trending ETFs

American Century Diversified Municipal Bond ETF

etf
TAXF
Dividend policy
Decrease
Price as of:
$55.83 +0.0 +0%
primary theme
Municipal Bond
TAXF (ETF)

American Century Diversified Municipal Bond ETF

Dividend policy
Decrease
Price as of:
$55.83 +0.0 +0%
primary theme
Municipal Bond
TAXF (ETF)
American Century Diversified Municipal Bond ETF
Dividend policy
Decrease
Price as of:
$55.83 +0.0 +0%
primary theme
Municipal Bond

TAXF - Snapshot

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $133 M
  • Holdings in Top 10 8.9%

52 WEEK LOW AND HIGH

$55.83
$53.23
$55.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.29%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Municipal Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Interm

Compare TAXF to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$14.90

0.00%

$86.38 B

-

$0.00

blocked
blocked
blocked

0.27%

0.17%

$11.26

0.00%

$36.93 B

-

$0.00

blocked
blocked
blocked

0.00%

0.17%

$13.78

0.00%

$26.89 B

-

$0.00

blocked
blocked
blocked

1.17%

0.52%

$15.94

0.00%

$22.07 B

-

$0.00

blocked
blocked
blocked

-0.06%

0.17%

$12.36

0.00%

$18.98 B

-

$0.00

blocked
blocked
blocked

0.00%

0.17%

Compare TAXF to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$55.50

0.00%

$14.10 B

1.79%

$0.99

blocked
blocked
blocked

0.51%

0.06%

$49.65

-0.04%

$4.81 B

0.96%

$0.48

blocked
blocked
blocked

-0.26%

0.20%

$52.35

-0.08%

$3.72 B

1.82%

$0.95

blocked
blocked
blocked

-0.32%

0.23%

$57.65

+0.04%

$2.25 B

2.03%

$1.17

blocked
blocked
blocked

1.64%

0.50%

-

-

$1.87 B

-

$0.00

blocked
blocked
blocked

0.06%

0.24%

TAXF - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century Diversified Municipal Bond ETF
  • Fund Family Name
    American Century Investments
  • Inception Date
    Sep 10, 2018
  • Shares Outstanding
    2400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • 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. The fund principally invests in investment-grade debt securities but may invest in high-yield securities (junk bonds).


TAXF - Performance

Return Ranking - Trailing

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -88.5% 9.9% 13.12%
1 Yr 7.1% -19.8% 22.3% 15.45%
3 Yr N/A* -6.1% 10.6% N/A
5 Yr N/A* -3.5% 7.1% N/A
10 Yr N/A* -0.2% 9.5% N/A

* Annualized

Return Ranking - Calendar

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
2020 3.3% -91.1% 310.0% 4.81%
2019 5.9% -79.8% 15.4% 8.70%
2018 N/A -72.6% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -35.9% 96.8% N/A

Total Return Ranking - Trailing

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -88.5% 9.5% 12.04%
1 Yr 7.1% -23.6% 29.0% 13.96%
3 Yr N/A* -6.9% 11.3% N/A
5 Yr N/A* -4.0% 7.1% N/A
10 Yr N/A* -0.4% 9.5% N/A

* Annualized

Total Return Ranking - Calendar

Period TAXF Return Category Return Low Category Return High Rank in Category (%)
2020 3.3% -91.1% 310.0% 4.81%
2019 5.9% -79.8% 15.4% 9.02%
2018 N/A -72.6% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -35.9% 3.0% N/A

TAXF - Holdings

Concentration Analysis

TAXF Category Low Category High TAXF % Rank
Net Assets 133 M 901 K 86.4 B 79.65%
Number of Holdings 331 1 11766 27.25%
Net Assets in Top 10 12 M -241 M 4.86 B 63.89%
Weighting of Top 10 8.86% 2.4% 100.0% 90.62%

Top 10 Holdings

  1. SOUTH PLACER WASTEWATER AUTH CALIF WASTEWATER REV 5% 1.16%
  2. HONOLULU HAWAII CITY & CNTY 5% 1.08%
  3. MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25% 1.08%
  4. CALIFORNIA ST 5.25% 1.04%
  5. ILLINOIS ST 5% 1.01%
  6. CENTRAL TEX REGL MOBILITY AUTH REV 5% 1.00%
  7. MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5% 1.00%
  8. SANTA PAULA CALIF SPL TAX 5% 0.97%
  9. WASHINGTON ST HEALTH CARE FACS AUTH REV 5% 0.96%
  10. ANAHEIM CALIF PUB FING AUTH LEASE REV 5% 0.95%

Asset Allocation

Weighting Return Low Return High TAXF % Rank
Bonds
93.86% 51.33% 145.79% 87.33%
Other
4.66% -13.42% 30.00% 0.32%
Cash
1.48% -45.79% 48.67% 35.78%
Stocks
0.00% -0.08% 2.77% 89.61%
Preferred Stocks
0.00% -3.41% 1.06% 88.99%
Convertible Bonds
0.00% 0.00% 1.18% 90.25%

Bond Sector Breakdown

Weighting Return Low Return High TAXF % Rank
Municipal
98.44% 39.29% 100.00% 61.62%
Cash & Equivalents
1.56% 0.00% 48.67% 37.04%
Derivative
0.00% 0.00% 0.10% 90.09%
Securitized
0.00% 0.00% 7.63% 90.50%
Corporate
0.00% 0.00% 13.54% 92.32%
Government
0.00% 0.00% 51.02% 91.10%

Bond Geographic Breakdown

Weighting Return Low Return High TAXF % Rank
US
93.45% 0.00% 141.11% 77.17%
Non US
0.41% 0.00% 100.00% 52.27%

TAXF - Expenses

Operational Fees

TAXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.01% 4.23% 81.30%
Management Fee 0.29% 0.00% 1.12% 13.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

TAXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% 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 23.00% 0.00% 299.40% 57.70%

TAXF - Distributions

Dividend Yield Analysis

TAXF Category Low Category High TAXF % Rank
Dividend Yield 1.50% 0.00% 1.59% 0.77%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TAXF Category Low Category High TAXF % Rank
Net Income Ratio 2.26% -1.65% 24.00% 50.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

TAXF - Fund Manager Analysis

Managers

Joseph Gotelli


Start Date

Tenure

Tenure Rank

Sep 10, 2018

2.81

2.8%

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

2.81

2.8%

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.

Steven Permut


Start Date

Tenure

Tenure Rank

Sep 10, 2018

2.81

2.8%

Steven M. Permut, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He has served on teams managing fixed-income investments since joining American Century. Previously, Mr. Permut was an analyst with Moody’s Investors Service. He has a bachelor’s degree in business and geography from State University of New York – Oneonta and an MBA in finance from Golden Gate University –San Francisco. He is on the Investment Oversight Committee for the city of Mountain View, Ca. He is past chairman of the California Society of Municipal Analysts, and a former board member of the National Federation of Municipal Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.27 7.1 0.66