American Century Diversified Municipal Bond ETF
$47.88−0.53 (−1.08%)
- Expense ratio
- 0.25%
- Fund size
- $680M
- 1Y return
- +0.1%
- Yield · Last 12 months
- 3.97%
- Holdings
- 794
- Volume · 30D
- 0.1M sh
- NAV per share
- $48.40
- 52W range
The ETF.net TAXF Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 69Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 65Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on TAXF
AMost muni ETFs track an index and call it a day. TAXF is actively run and roams the full muni credit ladder, from investment grade into high yield, hunting income that's exempt from federal tax.
Seeks current income exempt from federal income tax through an actively managed portfolio of municipal bonds spanning investment-grade and high-yield quality levels.
Why people hold it
- Managers can move across quality levels, investment grade through high yield, rather than holding whatever an index dictates.americancentury.com
- 0.29% a year puts it near the middle of the muni ETF pack, a modest toll for a fund with humans picking the bonds.
- Income is structured to land monthly and is exempt from federal income tax.res.americancentury.com
- Roughly 800 bonds behind a 2018 launch, and it stands in the upper tier of the muni ETF field on our review.
Worth knowing
- Index giants like VTEB and MUB charge a few basis points. Active management here costs meaningfully more, and that gap compounds.
- The high-yield sleeve brings credit risk that pure investment-grade muni funds don't carry.americancentury.com
- Trading is thin next to the category's biggest names, so bid-ask spreads can run wider, especially on large or fast orders.
TAXF Holdings
- Bonds
- 794
- 9%
- BLACKROCK CASH SWEEP BLACKROCK LIQ FD MUNICASH IN
Geography
- United States100.00%
TAXF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TAXF |
|---|---|
| Year to date | −1.4% |
| 1 month | −2.5% |
| 3 months | −3.6% |
| 1 year | +0.1% |
| 3 years | +3.5% |
| 5 years | +0.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TAXF |
|---|---|---|
| 2026 YTD | −1.4% | |
| 2025 | +4.3% | |
| 2024 | +1.7% | |
| 2023 | +7.3% | |
| 2022 | −9.6% | |
| 2021 | +2.7% | |
| 2020 | +5.6% |
TAXF in the news
ETF.net Research hasn’t filed on TAXF yet — coverage lands here as it’s written.
TAXF Dividends
- 3.97%
- $1.92
- $0.15 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 4, 2026 | Sep 8, 2026 | $0.15 |
| Aug 6, 2026 | Aug 10, 2026 | $0.17 |
| Jul 7, 2026 | Jul 9, 2026 | $0.16 |
| Jun 4, 2026 | Jun 8, 2026 | $0.15 |
| May 6, 2026 | May 8, 2026 | $0.14 |
| Apr 7, 2026 | Apr 9, 2026 | $0.17 |
| Mar 5, 2026 | Mar 9, 2026 | $0.16 |
| Feb 5, 2026 | Feb 9, 2026 | $0.19 |
| Dec 16, 2025 | Dec 18, 2025 | $0.16 |
| Dec 1, 2025 | Dec 3, 2025 | $0.14 |
| Nov 3, 2025 | Nov 5, 2025 | $0.16 |
| Oct 1, 2025 | Oct 3, 2025 | $0.17 |
TAXF Risk
- 5.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.12
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TAXF Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
17 of the 62 Other Municipal Bond funds charge less.