TAXF Fees and Costs — American Century Diversified Municipal Bond ETF
Data updated: 2026-07-31
The net expense ratio is 0.27%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $601 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 36%.
TAXF Fees and Expenses
Annual operating expenses and sales charges of TAXF. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.27% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TAXF Costs Over Time
On $10,000 invested in TAXF, assuming 5% a year before costs, total costs come to $171 over 5 years, cutting the return by 0.28% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.27%) | $28 | $89 | $156 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $28 | $94 | $171 |
| Value after costs | $10,472 | $11,483 | $12,591 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
TAXF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $601
- Bought from dealers (principal trades, not a cost): $275.3M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
TAXF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $601 | 100.00% |
TAXF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities | $38.1M | 21.22% |
| Morgan Stanley | $26.4M | 14.68% |
| Bank of America Merrill Lynch | $19.8M | 11.00% |
| RBC Capital Markets | $19.2M | 10.70% |
| Piper Sandler and Company | $16.9M | 9.38% |
| Wells Fargo Securities | $14.3M | 7.96% |
| Raymond James | $13.2M | 7.34% |
| Barclays Capital | $10.9M | 6.07% |
| Siebert Williams Shank & Co, LLC | $10.7M | 5.93% |
| Stiffel Nicholas Capital Markets | $10.3M | 5.72% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.