American Century Diversified Municipal Bond ETF (TAXF)
| Assets | $214.88M |
| NAV | $50.56 |
| Expense Ratio | 0.29% |
| PE Ratio | n/a |
| Shares Out | 4.25M |
| Dividend (ttm) | $0.79 |
| Dividend Yield | 1.59% |
| Ex-Dividend Date | May 2, 2022 |
| 1-Year Return | -9.94% |
| Volume | 98,544 |
| Open | 50.84 |
| Previous Close | 49.56 |
| Day's Range | 49.73 - 49.93 |
| 52-Week Low | 49.13 |
| 52-Week High | 55.96 |
| Beta | 0.08 |
| Holdings | 448 |
| Inception Date | Sep 10, 2018 |
About TAXF
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).
Top 10 Holdings
8.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Msilf Tax Exempt Portfolio Msilf Tax Exempt Portfolio | N/A | 1.60% |
| HARRIS CNTY TEX MET TRAN AUTH SALES & USE TAX 5% | TX HARTRN 5 11.01.2026 | 0.87% |
| ORANGE CNTY CALIF TRANSN AUTH REV 5% | CA ORATRN 5 10.15.2024 | 0.81% |
| FLORIDA ST BRD ED PUB ED 5% | FL FLSEDU 5 06.01.2023 | 0.78% |
| NEVADA ST 5% | NV NVS 5 08.01.2030 | 0.78% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 1.27% | CA CCEDEV 02.01.2052 | 0.76% |
| COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 5% | PA CMNGEN 5 06.01.2024 | 0.76% |
| DENVER COLO CITY & CNTY SCH DIST NO 1 5% | CO DENSCD 5 12.01.2024 | 0.71% |
| MIAMI-DADE CNTY FLA WTR & SWR REV 5% | FL MIAUTL 5 10.01.2044 | 0.69% |
| MICHIGAN FIN AUTH REV 5% | MI MISFIN 5 04.15.2027 | 0.66% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 2, 2022 | $0.0674 | May 5, 2022 |
| Apr 1, 2022 | $0.0609 | Apr 6, 2022 |
| Mar 1, 2022 | $0.0683 | Mar 4, 2022 |
| Feb 1, 2022 | $0.058 | Feb 4, 2022 |
| Dec 16, 2021 | $0.0675 | Dec 21, 2021 |
| Dec 1, 2021 | $0.0696 | Dec 6, 2021 |
News
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 are...
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 bond...
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 with...
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 believ...
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 ot...
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 that...
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 ne...
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 over ...
Tax-Free Municipal Bond ETFs on the Rise
It's been a record year of growth for ETFs across the board, and while popular investment approaches such as thematics have often taken the stage, there are many ETFs that are quietly scooping up more t...
Will Municipal Bond ETFs Shatter Records in 2021?
Fixed income investors are looking into municipal bonds and their related exchange traded funds this year. Investment interest for the munis market has increased this year as rising taxes, the search fo...
Bond Investors Can Turn to Muni ETFs for Steady Yields at Lower Tax Rates
Fixed income exchange traded fund investors seeking steady yields and lower tax rates can turn to municipal bond strategies. According to Municipal Market Analytics, investors have already funneled a ne...
An Active ETF to Navigate the Municipal Bond Market
Fixed-income investors should consider how adding a municipal bonds ETF to the equation could be their income solution. In the recent webcast, Not All Vanilla: Why Active Management Makes Sense in Munic...
Bond market dislocations continue. What market analysts are watching now
Ed Rosenberg, senior vice president and head of ETFs at American Century, and John Davi, founder and chief investment officer of Astoria Portfolio Advisors, talk the bond ETF market's recent discrepanci...
Getting Active and Going Overseas Can Help Yield-Starved Investors
2019’s record year for bond prices helped investors who were looking to capitalize on price gains, but it did no favors for those relying on yield for income purposes. Treasury yields hit lows as the ce...