ATBYX

About ATBYX

American Century Intermediate-Term Tax-Free Bond Fund - Y Class is a municipal bond mutual fund focused on generating federally tax-exempt income from a diversified portfolio of investment-grade securities. The strategy concentrates on the intermediate segment of the muni curve, maintaining a typical effective duration around the moderate range to balance income with interest-rate sensitivity. Under normal conditions, the portfolio invests at least 80% of assets in bonds whose interest is exempt from federal income tax, with flexibility to allocate a minority portion to securities that may be subject to federal taxes or the alternative minimum tax. It spans essential-service revenue bonds and general obligation issuers, touching sectors such as transportation, utilities, education, and state and local government finance. Designed for institutional and advised distribution, the Y Class emphasizes cost efficiency with a low net expense structure and monthly income distribution. The fund’s role in the market is to provide tax-efficient cash flow and diversified municipal exposure across states and issuers, serving as a core, intermediate-duration muni allocation within broader fixed income portfolios.