
Aims to provide ongoing income that is not subject to federal income tax.
Is TAXF'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.

The muni bond landscape picked up significant interest to end 2025, with investors clamoring for the yields available therein. American Century Investments Vice President and Senior Portfolio Manager Joe Gotelli recently sat down with VettaFi to talk about the muni bonds outlook.

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.

American Century Investments has established itself as an innovative player in the ETF space, after launching its first products in January 2018. The index-based American Century US Quality Value ETF (VALQ) and the actively managed American Century Diversified Corporate Bond ETF (KORP) are still trading today.

Like other corners of the fixed income market, municipal bonds didn't set the investing world ablaze in the first quarter. Some market observers believe there's no opportunity in the asset class often considered to be a conservative income investor's friend.