TWTIX

About TWTIX

The American Century Intermediate Term Tax-Free Bond Fund Investor Class is a mutual fund that specializes in providing investors with a high level of current income that is generally exempt from federal income tax. This fund focuses on investment-grade debt securities, primarily municipal bonds issued by state and local governments across the United States to finance public projects. At least 80% of its assets are allocated to securities whose interest payments are not subject to regular federal income tax, making it particularly suitable for investors seeking tax-advantaged income streams. The fund maintains an intermediate weighted average maturity, typically ranging from three to ten years, balancing interest rate sensitivity and credit risk to achieve stable returns. With a broadly diversified portfolio exceeding 1,500 individual bond holdings, the fund spreads risk across many issuers and sectors. Its prudent investment approach aims for the safety of principal while responsibly seeking yield, and its moderate expense ratio enhances its appeal to cost-conscious investors. By focusing on intermediate-term municipal obligations, the fund plays a vital role in the fixed-income marketplace, serving individuals and institutions looking to manage tax liabilities while preserving capital and earning steady income.