TAXF Stock Discussion

American Century Diversified Municipal Bond ETF Description

The investment seeks current income that is exempt from federal income tax. 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).

Keywords: Exchange Traded Fund ETF Bond Mutual Fund High Yield Debt Municipal Bond Debt Securities Bond Fund Portfolio Manager