American Century Diversified Municipal Bond ETF
TAXF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Sep 12, 2018
- CIK
- 0001710607
- Website
- americancentury.com
- Similar Companies
- Business
- American Century Diversified Municipal Bond ETF (TAXF) is an actively managed exchange-traded fund that seeks tax-exempt current income by investing primarily in a diversified portfolio of municipal securities issued by U.S. states, territories, and political subdivisions; these include general obligation bonds, revenue bonds, and variable rate demand obligations, with a focus on investment-grade securities while allowing up to 20% in below-investment-grade debt for enhanced yield. The fund employs a flexible strategy across various municipal bond sectors such as water and sewer, transportation, healthcare, education, and housing; it may also invest in derivatives like futures and swaps for hedging or income enhancement, and holds cash equivalents for liquidity. American Century Investments, the fund's investment manager founded in 1958 and headquartered in Kansas City, Missouri, oversees operations through its experienced fixed-income team led by portfolio managers with expertise in tax-exempt strategies targeting individual and institutional investors seeking federally tax-free income. Geographically, TAXF invests nationwide across the United States, prioritizing securities exempt from federal income tax while potentially including those subject to state and local taxes depending on investor residency. The fund operates within the broader municipal bond market segment, serving high-net-worth individuals, financial advisors, and retirement plans as target customers through brokerage platforms and retirement accounts. As of late 2025, no major structural changes such as mergers, spin-offs, or significant strategy overhauls have been reported; however, the fund continues routine portfolio adjustments amid fluctuating interest rates and municipal credit conditions post-2024 Federal Reserve policy shifts.