American Century Diversified Municipal Bond ETF
$49.04+0.17 (+0.35%)
- 0.25%
- $763M
- +0.2%
- 3.93%
- 106K sh
- low $46.89high $51.42
The ETF.net TAXF Grade
A
Score 72 out of 100
- 12 of 63
Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 17 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 19 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 23 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 26 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 10 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 26 of 63
Our read on TAXF
In short
AMost muni ETFs just track an index of investment-grade paper. TAXF is actively run and can swing 5% to 35% of the book into high-yield and unrated munis, inside a 3 to 8 year duration band, for 0.25% a year.
Stated mandate
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
Worth knowing
TAXF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
TAXF$10,022
Returns run to the Oct 30, 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 | −0.1% |
| 1 month | +3.5% |
| 3 months | −1.0% |
| 1 year | +0.2% |
| 3 years | +4.8% |
| 5 years | +0.7% |
| 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 | −0.1% | |
| 2025 | +4.3% | |
| 2024 | +1.7% | |
| 2023 | +7.3% | |
| 2022 | −9.6% | |
| 2021 | +2.7% | |
| 2020 | +5.6% |
TAXF in the news
TAXF Dividends
- 3.93%
- $1.92
- $0.17 per share
- Monthly
TAXF Risk
- 6.0%
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.
- 0.07
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.
FMP measures it over up to five years of monthly returns.
TAXF Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$4,521
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TAXF 0.25%
$5,159
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | TAXF | VTEB | Overpaying |
|---|---|---|---|
| 10 | $455 | $55 | $400 |
| 20 | $1,769 | $216 | $1,553 |
| 30 | $5,159 | $638 | $4,521 |
Other funds in Other Municipal Bond
- ACGMUCapital Group Municipal Income ETFExpense ratio 0.27%1 year return +0.9%
- AGMUBGoldman Sachs Municipal Income ETFExpense ratio 0.18%1 year return +1.5%
- AFLMIFranklin Dynamic Municipal Bond ETFExpense ratio 0.30%1 year return +0.6%
- BHMOPHartford Municipal Opportunities ETFExpense ratio 0.29%1 year return +0.6%
- BDFCADimensional California Municipal Bond ETFExpense ratio 0.19%1 year return +0.6%
