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ETFs

American Century Diversified Municipal Bond ETF

TAXF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 10 2018
Expense Ratio
0.29%
Type
US Bonds
Fund Owner
American Century Investments
Volume (1m avg. daily)
$917,550
AUM
$277,167,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
MSILF TAX EXEMPT PORTFOLIO MSILF TAX EXEMPT PORTFOLIO
1.76%
n/a
FLORIDA KEYS AQUEDUCT AUTH FL FLKWTR 09/35 ADJUSTABLE VAR
1.08%
n/a
ENERGY N W WA ELEC REVENUE ENEPWR 07/40 FIXED 5
0.78%
n/a
MARYLAND ST MDS 06/31 FIXED 5
0.71%
n/a
HARRIS CNTY TX MET TRANSIT AUT HARTRN 11/26 FIXED 5
0.69%
n/a
ORANGE CNTY CA TRANSPRTN AUTH ORATRN 10/24 FIXED 4
0.63%
n/a
NEVADA ST NVS 08/30 FIXED 5
0.63%
n/a
FLORIDA ST BRD OF EDU PUBLIC E FLSEDU 06/23 FIXED 5
0.62%
n/a
GEORGIA ST GAS 07/29 FIXED 5
0.61%
n/a
SALT RIVER AZ PROJ AGRIC IMPT SALAGR 01/47 FIXED 5
0.60%
Invest with TAXF

What is TAXF?

American Century Diversified Municipal Bond ETF seeks to provide consistent tax-free income by employing an active, research-driven process that draws from across the municipal bond universe and adjusts exposure depending on prevailing market conditions.

ETFs related toTAXF

ETFs correlated to TAXF include VTEB, SCMB, MUB

TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TAXF is a US Bonds ETF. American Century Diversified Municipal Bond ETF seeks to provide consistent tax-free income by employing an active, research-driven process that draws from across the municipal bond universe and adjusts exposure depending on prevailing market conditions.

Yes, TAXF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TAXF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TAXF is 0.0165%. This is the percent change in the value of TAXF over the most recent 1-month period. The 3-month return on TAXF is 0.0185%. This is the percent change in the value of TAXF over the most recent 3-month period.

The standard deviation of TAXF for the past year is 0.0499%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TAXF include PZA, HYMB, and HYD.

ETFs correlated to TAXF include VTEB, SCMB, and MUB.

ETFs that are inversely correlated to TAXF include PST, TYO, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.