CATF – American Century California Muni Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks high current income that is exempt from federal and California income taxes. The fund invests in California municipal and other debt securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund’s net assets, plus borrowings for investment purposes, in municipal securities with interest payments exempt from federal and California income taxes.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
CATF	American Century California Municipal Bond ETF	ETF	Open	—		Jul 16, 2024	$139.98M	0.250%	—	—	$87.41M

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