American Century California Municipal Bond ETF (CATF)
ARCA ARCA Primary Summary
CATF Chart
In This Bond Market, It's Good to Have Friends
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.
American Century Muni Bonds Leader Gotelli Talks Outlook
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.
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.
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 | $498,106.4 | -$11,992.2 | -2.35% |
 Parker Johnson Cooper Capital Advisors LLC | 32,079 | $1.59M | $1.58M | -$14,760.33 | -0.93% |
 Christopher C. Powers Farther Finance Advisors, LLC | 3,100 | $154,943.07 | $152,582 | -$2,361.07 | -1.52% |
| LR Lora Rommel EHRLICH FINANCIAL GROUP | 21,389 | $1.07M | $1.05M | -$16,594.75 | -1.55% |
 Jade Eagles WEALTHGARDEN F.S. LLC | 16,390 | $815,226.35 | $806,715.8 | -$8,510.55 | -1.04% |
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.
