American Century Diversified Municipal Bond ETF (TAXF)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

American Century Diversified Municipal Bond ETF (TAXF) is up 2.2% since the beginning of the year. TAXF is currently trading at $51 per share. Investors who bought $1,000 worth of TAXF shares 5 years ago would now be looking at an investment worth $1,058.

American Century Diversified Municipal Bond ETF (TAXF) has returned 2.22% so far this year and 7.55% over the past 12 months.

Based on dividend-adjusted daily data since Sep 12, 2018, TAXF's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +5.5%, while the worst month was Mar 2020 at -5.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, TAXF closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +3.3%, while the worst single day was Mar 12, 2020 at -3.9%.

American Century Diversified Municipal Bond ETF has an annualized alpha of 2.22%, beta of 0.05, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since September 12, 2018.

• This ETF participated in 21.99% of S&P 500 Index downside but only 16.51% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.05 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TAXF has an expense ratio of 0.29%, placing it in the medium range.

TAXF ranks 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

American Century Diversified Municipal Bond ETF provided a 3.76% dividend yield over the last twelve months, with an annual payout of $1.91 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for American Century Diversified Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the American Century Diversified Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Century Diversified Municipal Bond ETF was 13.93%, occurring on Oct 26, 2022. Recovery took 719 trading sessions.

The current American Century Diversified Municipal Bond ETF drawdown is 0.22%.

The chart below shows the rolling one-month volatility.