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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 yield on the 30-year hit a multi-decade high this week, spiking amid continued fiscal and monetary concerns. The 30-year hitting 5.45%, its highest mark since 2004, comes amid an already busy year for bonds.
In more sanguine times, advisors and investors turn to bonds for portfolio diversification, income — and hopefully — some volatility reduction. However, things aren't always easy in the fixed income market, and the current environment proves as much.
Income ETFs have become a very popular category for the flexible ETF wrapper, with American Century Investments dropping fees on key funds.
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.