American Century Diversified Municipal Bond ETF (TAXF)
| Assets | $277.18M |
| Expense Ratio | 0.29% |
| PE Ratio | n/a |
| Shares Out | 5.55M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 2.20% |
| Ex-Dividend Date | Mar 1, 2023 |
| Payout Ratio | n/a |
| 1-Year Return | -3.16% |
| Volume | 17,601 |
| Open | 50.08 |
| Previous Close | 49.92 |
| Day's Range | 49.84 - 50.12 |
| 52-Week Low | 47.11 |
| 52-Week High | 51.66 |
| Beta | 0.14 |
| Holdings | 445 |
| Inception Date | Sep 10, 2018 |
About TAXF
The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 1, 2023 | $0.1206 | Mar 7, 2023 |
| Feb 1, 2023 | $0.1039 | Feb 7, 2023 |
| Dec 15, 2022 | $0.1124 | Dec 20, 2022 |
| Dec 1, 2022 | $0.1137 | Dec 6, 2022 |
| Nov 1, 2022 | $0.0948 | Nov 4, 2022 |
| Oct 3, 2022 | $0.0968 | Oct 6, 2022 |
News
Tax Season Offers Reminder to Try Diversified Muni Bonds
Spring is just around the corner, and with it comes a much less exciting event — tax season. Still, advisors have to be aware of the best ways to mitigate the impact of the tax bill for clients, wheth...
Credit Backdrop Adds to Muni ETF Appeal Amid Bank Drama
As though rising rate volatility and recession fears weren't concerning enough for investors, the last week's bank run drama and instability has all eyes on the risk of contagion to the broader econom...
High Yield and Recession-Proof: The Current Appeal of Municipal Bonds
Bonds that offer high yield and can ward off the threat of a potential recession offer fixed income investors an attractive option. Right now, they can get that duality in municipal bonds.
Bull vs. Bear: A Town Hall On Muni ETFs
Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides for a debate on controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to pl...
Tax-Free Muni ETF TAXF Can Ride Muni “Renaissance”
Tax season is just around the corner, and government dues could well be on investors' minds — almost as much as the Fed's ongoing interest rate hikes and the recession they could induce. Suffice to sa...
An Active Municipal Bond ETF Approach for Fixed-Income Investors Seeking Quality
As we consider the macroeconomic outlook, fixed income investors can find opportunities in the municipal bond ETF market during these unprecedented times.
Navigating Today's Dynamic Market Environment With Active Municipal Bond Fund Management
Municipal Bond investors are facing many challenges today from elevated inflation and a Federal Reserve well into a tightening cycle, to significantly negative total returns year to date. Investors ma...
Watch Midterm Muni Bond Boom in TAXF
The partisan swing – or lack thereof – in last week's midterm elections dominated the news, but investors may also want to note the significant investment in municipal bonds voters made.
Consider the Tax Efficiency of ETFs During Capital Gains Season
Capital gains season is almost upon mutual fund investors. This is a time when fund managers attempt to give their investors an idea of what their 2022 tax bills may look like by estimating how much t...
Quell Recession Fears With Actively Managed Bond Funds
Investors appear to be finally accepting the idea that the Federal Reserve will raise interest rates into restrictive territory and remain at that high rate for a while. Results from a recent survey b...
Mitigate Your Tax Bill With This Muni ETF
While the key benefits of exchange traded funds such as lower costs, trading flexibility, transparency, and tax efficiency are known to many investors, not everyone is aware that ETFs also may help re...
Consider These Active Bond ETF Options as Recession Fears Grow
Inflation fears may have dissipated in July, but the recession narrative is growing. As such, investors are focusing on bonds once again as a safe haven escape if economic growth suffers from rising i...
Government Bond Yields Rise After Jobs Report
Yields on U.S. Treasury yields rose sharply Friday morning after the jobs report suggested the economy might not be cooling as fast as investors had assumed. The yield on the benchmark 10-year U.S. Tr...
2 Options as Investors Pour Capital Back Into Bonds
For the first half of 2022, bonds have been seemingly in lockstep with stocks as inflation fears applied selling pressure on debt markets as the U.S. Federal Reserved hiked rates. Now, investors are r...
Reinvigorate Your Bond Portfolio With This Active Muni ETF
Municipal bonds were one of the highlights of the bond market during the height of the pandemic with their attractive yields and tax benefits. Enter 2022, and they've followed the rest of the debt mar...
Bonds, Especially Muni Bonds, Are Making a Comeback
Fixed income served as a strong diversifier in times of equity drawdowns over the past two decades — see the dot-com bubble and burst of the early 2000s and the global financial crisis of 2008.
Munis Could Be Buy-the-Dip Candidates
“Scant” is an applicable adjective for describing the amount of fixed income exchange traded funds that are in the green this year, and municipal bond funds are members of the offending group. Those a...
Hope Emerges for Muni Bonds
Rising interest rates are punishing Treasuries, and other forms of high-quality debt are going along for the ride, including municipal bonds. That creates a quandary for investors because municipal bo...
Tap TAXF for Active Muni Management
Amid bond market calamity, which is affecting previously docile fixed income assets such as municipal bonds, active management can be of benefit to investors. One way of deploying active management wi...
If Munis Rebound, TAXF Could Tempt
Combine the imminence of the commencement of the Federal Reserve's rate hike program — likely March — and longer durations, and it's been a trying start to 2022 for municipal bonds. Some analysts beli...
Talking Tax Collections With Muni Bond ETF TAXF
Municipal bonds and the related exchange traded funds are encountering some headwinds to start 2022, the bulk of which stem from the Federal Reserve's plans to imminently boost interest rates. On the ...
Income Investors Should Consider Incorporating a Muni ETF Strategy
As we dive into what people are missing — and what risks they might be accidentally taking — in traditional approaches, investors can consider an active exchange traded fund municipal bond strategy th...
Hidden Income Your Munis Are Missing: An Expert Perspective
Municipal bonds (munis) have been a linchpin for advisors building effective, tax-efficient portfolios for their clients in this lower-for-longer yield environment. However, with a Fed taper almost a ...
Looking for Bonds? Consider Munis Amidst Volatility
The $1.2 trillion infrastructure investment bill didn't contain any provisions for municipal bonds specifically, but the market still looks to benefit in the long term as the spending trickles out ove...