About AXBIX
The American Century Intermediate Term Tax-Free Bond Fund I Class is a mutual fund focused on providing federally tax-exempt income by primarily investing in investment-grade municipal bonds. Its core purpose is to generate stable, tax-advantaged returns for investors by holding municipal debt issued by U.S. states, territories, and local governments, with at least 80% of assets typically allocated to these securities under normal conditions. The fund is managed with an emphasis on credit quality and risk mitigation, often favoring higher-quality bonds and maintaining an intermediate duration, with a weighted average maturity between three and ten years. Designed for institutional clients, this share class aims to offer consistent monthly income with federal tax exemption on most distributions, making it a strategic choice for investors seeking tax efficiency. The fund plays a significant role in the municipal bond sector by providing capital to public infrastructure and essential services while allowing investors to benefit from the relative safety and diversification attributes of the municipal bond market. Notably, capital gains and some portion of income may still be subject to state, local, or alternative minimum taxes, depending on individual circumstances.
Fund Family American Century Investments
Category Muni National Interm
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol AXBIX
Share Class I Class
Index S&P Intermediate National AMT-Free Muni Bd TR USD
AXBIX had a total return of 4.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.12%.
