American Century California Municipal Bond ETF (CATF)
ARCA ARCA Primary Summary
CATF Chart
Can Active Management Make a Difference With Municipal Bonds?
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.
Golden Opportunity With Golden State Munis
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.
Joe Gotelli Discusses Advantages of Active Municipal Bond Strategies
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.
American Century California Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 10,120 | $510,098.6 | $506,303.6 | -$3,795 | -0.74% |
| PJ Parker Johnson Cooper Capital Advisors LLC | 25,662 | $1.27M | $1.28M | $11,742.2 | 0.92% |
 Christopher C. Powers Farther Finance Advisors, LLC | 11,444 | $572,226.23 | $570,254.52 | -$1,971.71 | -0.34% |
| LR Lora Rommel EHRLICH FINANCIAL GROUP | 21,389 | $1.07M | $1.07M | -$3,975.24 | -0.37% |
 Jade Eagles WEALTHGARDEN F.S. LLC | 15,069 | $748,819.7 | $751,415.68 | $2,595.98 | 0.35% |
American Century California Municipal Bond ETF (CATF) FAQ
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American Century California Municipal Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is specifically designed for investors looking to benefit from income that is exempt both from federal and California state income taxes, focusing its investments within the California municipal debt market. It adheres to a clear strategy of putting at least 80% of its net assets, in addition to any borrowings for investment purposes, into municipal securities that enjoy these tax exemptions. This strategic focus not only aims to provide tax advantages but also contributes to the broader goal of funding various projects and initiatives within California, thereby supporting the state’s infrastructure and communities.
Products and Services
The fund primarily offers investment opportunities in the following areas:
- California Municipal Securities: The cornerstone of the fund's portfolio, these securities encompass a broad range of bonds and other debt instruments issued by California state and local governments, as well as other public entities. Investments in these securities are aimed at providing investors with tax-exempt income, underpinning the fund's value proposition of offering a tax-advantaged income stream.
- Debt Securities: Beyond municipal securities, the fund may also allocate a portion of its assets to other debt securities that align with its investment goals. These can include, but are not limited to, government bonds, corporate bonds, and other financial instruments that can generate income. The selection of these securities is guided by their potential to enhance the fund’s income while adhering to the aim of achieving tax-exempt status, at least for the majority of the fund's investments.
