AXBIX

About AXBIX

The American Century Intermediate Term Tax-Free Bond Fund I Class is a mutual fund focused on providing federally tax-exempt income by primarily investing in investment-grade municipal bonds. Its core purpose is to generate stable, tax-advantaged returns for investors by holding municipal debt issued by U.S. states, territories, and local governments, with at least 80% of assets typically allocated to these securities under normal conditions. The fund is managed with an emphasis on credit quality and risk mitigation, often favoring higher-quality bonds and maintaining an intermediate duration, with a weighted average maturity between three and ten years. Designed for institutional clients, this share class aims to offer consistent monthly income with federal tax exemption on most distributions, making it a strategic choice for investors seeking tax efficiency. The fund plays a significant role in the municipal bond sector by providing capital to public infrastructure and essential services while allowing investors to benefit from the relative safety and diversification attributes of the municipal bond market. Notably, capital gains and some portion of income may still be subject to state, local, or alternative minimum taxes, depending on individual circumstances.