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American Century Diversified Municipal Bond ETF (TAXF)
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Upturn Advisory Summary
11/07/2025: TAXF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 3.55% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/07/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.96 | 52 Weeks Range 46.28 - 50.41 | Updated Date 06/29/2025 |
52 Weeks Range 46.28 - 50.41 | Updated Date 06/29/2025 |
Upturn AI SWOT
American Century Diversified Municipal Bond ETF
ETF Overview
Overview
The American Century Diversified Municipal Bond ETF (TAXF) seeks to provide current income exempt from federal income tax by investing in a diversified portfolio of municipal bonds. It focuses on investment-grade municipal securities across various maturities.
Reputation and Reliability
American Century Investments has a long history in asset management and is generally considered a reputable and reliable issuer.
Management Expertise
American Century has a team of experienced fixed-income professionals managing the fund.
Investment Objective
Goal
To provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: Actively managed, aiming to outperform the Bloomberg Municipal Bond Index.
Composition Primarily invests in investment-grade municipal bonds.
Market Position
Market Share: TAXF holds a relatively small market share compared to the largest municipal bond ETFs.
Total Net Assets (AUM): 239600000
Competitors
Key Competitors
- MUB
- VTEB
- ITOT
Competitive Landscape
The municipal bond ETF market is dominated by large, passively managed funds like MUB and VTEB. TAXF, as an actively managed fund, aims to outperform through security selection and duration management, but faces the challenge of higher expense ratios. Advantages include potential for alpha generation, while disadvantages include higher costs and the risk of underperformance.
Financial Performance
Historical Performance: Historical performance data is needed to determine performance over different time periods.
Benchmark Comparison: Comparison to the Bloomberg Municipal Bond Index is crucial for evaluating performance.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
TAXF's average trading volume suggests moderate liquidity.
Bid-Ask Spread
The bid-ask spread varies depending on market conditions and trading volume.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation expectations, and municipal bond supply impact TAXF's performance.
Growth Trajectory
Growth trends depend on investor demand for tax-exempt income and the fund's ability to deliver competitive returns. Strategy and holdings shift based on market conditions.
Moat and Competitive Advantages
Competitive Edge
TAXF's competitive advantage lies in its active management approach, which aims to generate alpha through security selection and strategic duration management. The fund's investment team seeks to identify undervalued municipal bonds and capitalize on market inefficiencies. This active approach differentiates it from passively managed competitors. The fund's diversification across the municipal bond market further enhances its appeal.
Risk Analysis
Volatility
Volatility is dependent on interest rate sensitivity and credit quality of the holdings.
Market Risk
Market risk includes interest rate risk, credit risk, and liquidity risk inherent in the municipal bond market.
Investor Profile
Ideal Investor Profile
Ideal investors are those seeking tax-exempt income and are comfortable with active management.
Market Risk
Suitable for long-term investors seeking income and tax benefits.
Summary
American Century Diversified Municipal Bond ETF (TAXF) is an actively managed fund that invests in a diversified portfolio of municipal bonds seeking to provide tax-exempt income. Its active management approach differentiates it from passive competitors, offering the potential for alpha generation. However, this comes at the cost of a higher expense ratio. Investors should consider their risk tolerance, investment horizon, and the fund's historical performance relative to its benchmark before investing.
Similar ETFs
Sources and Disclaimers
Data Sources:
- American Century Investments Website
- ETF.com
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and do not constitute financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About American Century Diversified Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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).
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