TWWOX

About TWWOX

The American Century Intermediate-Term Tax-Free Bond Fund Class A is a mutual fund that focuses on providing income exempt from federal income tax by primarily investing in investment-grade, tax-free municipal bonds. Its portfolio consists mainly of debt securities issued by U.S. states, territories, and municipalities, targeting a weighted average maturity between three and ten years, while individual holdings may have varying maturities. Designed for investors seeking a balance between yield and interest rate risk, the fund aims to deliver regular tax-advantaged income, making it especially relevant for those in higher tax brackets or interested in municipal debt exposure. While most of its holdings are exempt from federal taxes, up to 20% of assets may be allocated to securities subject to federal income tax or the alternative minimum tax (AMT). The fund's role in the financial market is to facilitate diversified, tax-efficient fixed income exposure, providing an alternative to taxable bond funds, and supporting the funding needs of U.S. municipalities through capital investment.