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Seeks high current income that is exempt from federal and California income tax.
Is CATF's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The municipal bond landscape continues to receive significant interest in both flows and supply. That, and investors looking to get muni bonds exposure for tax purposes in portfolios, positions them for serious ETF interest.
In broad terms, there appears to be little headline risk facing advisors and income investors mulling municipal bonds. All 50 states carry investment-grade credit ratings, confirming that their credit quality remains solid.
California isn't just the largest state by population. It's the largest issuer of municipal bonds, presenting its residents and fixed income investors all over the country with an array of opportunities.
American Century California Municipal Bond ETF (NYSEARCA:CATF - Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 19,331 shares, an increase of 25.0% from the November 30th total of 15,469 shares. Based on an average daily volume of 5,006 shares,
With advisor enthusiasm mounting towards fixed income strategies, many portfolios are looking to build municipal bond exposure. Joe Gotelli, vice president and senior portfolio manager for American Century Investments®, recently sat down with VettaFi to break down the advantages of municipal bonds, American Century's fund library, and more.