American Century California Municipal Bond ETF (CATF)

The American Century California Municipal Bond ETF (CATF) is an actively managed fund that invests primarily in municipal bonds issued in California. Interest from these securities is generally exempt from federal income tax and California state income tax for residents of the state.

The portfolio managers select bonds from state and local governments, utilities, school districts and other public issuers based on credit analysis and relative value, aiming to deliver tax-exempt income rather than track a benchmark index.

CATF is sponsored by American Century Investments, a Kansas City-based asset manager, and trades on NYSE Arca.