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ABHYX American Century High-Yield Muni Inv

  • Fund
  • ABHYX
  • Price as of: Jul 15, 2019
  • $9.89 - $0.00 - 0.00%
  • Category
  • High Yield Bonds

ABHYX - Profile

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $721 M
  • Holdings in Top 10 12.4%

52 WEEK LOW AND HIGH

$9.89
$9.40
$9.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

N/A

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.74%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century High-Yield Municipal Fund
  • Fund Family Name American Century Investments
  • Inception Date Mar 31, 1998
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Steven M. Permut

Fund Description

The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund's net assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.

ABHYX - Performance

Return Ranking - Trailing

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% 0.2% 15.0% 81.05%
1 Yr 2.2% -15.4% 4.3% 7.13%
3 Yr 0.0%* -2.3% 5.6% 80.67%
5 Yr 1.6%* -8.3% 1.7% 0.64%
10 Yr 2.3%* -5.0% 4.6% 10.39%

* Annualized


Return Ranking - Calendar

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -23.1% -0.4% 2.86%
2017 5.3% -9.5% 28.5% 2.91%
2016 -2.9% -3.5% 28.6% 97.90%
2015 1.0% -34.3% 1.0% 0.42%
2014 7.8% -23.1% 27.7% 2.00%

Total Return Ranking - Trailing

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% 0.7% 15.0% 81.25%
1 Yr 2.2% -15.4% 7.0% 20.57%
3 Yr 0.0%* -2.3% 9.7% 85.50%
5 Yr 1.6%* -6.9% 5.8% 18.55%
10 Yr 2.3%* -0.8% 8.7% 27.60%

* Annualized


Total Return Ranking - Calendar

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -23.1% 1.3% 8.98%
2017 5.3% -3.9% 36.8% 18.09%
2016 -2.9% -3.5% 39.0% 97.90%
2015 1.0% -28.3% 4.3% 1.68%
2014 7.8% -21.8% 27.7% 2.00%

NAV & Total Return History

ABHYX - Holdings

Concentration Analysis

ABHYX Category Low Category High ABHYX % Rank
Net Assets 721 M 1.02 M 24.4 B 46.18%
Number of Holdings 352 6 1626 37.15%
Net Assets in Top 10 84.7 M -197 K 3.73 B 40.16%
Weighting of Top 10 12.35% 5.4% 100.1% 37.95%

Top 10 Holdings

  1. NEW YORK N Y 5% 1.71%

  2. CLIFTON TEX HIGHER ED FIN CORP ED REV 6.12% 1.54%

  3. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% 1.42%

  4. KANSAS ST DEV FIN AUTH REV 4% 1.42%

  5. MASSACHUSETTS ST 5% 1.20%

  6. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.09%

  7. NEW YORK ST URBAN DEV CORP REV 5% 1.08%

  8. CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5% 0.99%

  9. MICHIGAN FIN AUTH LTD OBLIG REV 6.75% 0.98%

  10. TEXAS WATER DEV BRD 5% 0.93%


Asset Allocation

Weighting Return Low Return High ABHYX % Rank
Bonds
99.92% -17.48% 100.43% 2.21%
Cash
0.08% -4.10% 117.48% 94.58%
Stocks
0.00% -0.44% 99.99% 82.53%
Preferred Stocks
0.00% 0.00% 11.13% 75.70%
Other
0.00% -1.24% 11.36% 71.69%
Convertible Bonds
0.00% 0.00% 11.40% 82.73%

Bond Sector Breakdown

Weighting Return Low Return High ABHYX % Rank
Municipal
99.92% 0.00% 100.40% 1.41%
Cash & Equivalents
0.08% -0.40% 117.48% 93.98%
Derivative
0.00% -17.48% 8.43% 53.82%
Securitized
0.00% 0.00% 60.24% 71.08%
Corporate
0.00% 0.00% 100.28% 98.39%
Government
0.00% -5.69% 66.73% 61.65%

Bond Geographic Breakdown

Weighting Return Low Return High ABHYX % Rank
US
99.77% -17.48% 99.77% 0.60%
Non US
0.15% 0.00% 59.88% 98.19%

ABHYX - Expenses

Operational Fees

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.00% 6.42% 93.57%
Management Fee 0.59% 0.00% 1.00% 53.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 5.00% 1334.00% 55.02%

ABHYX - Distributions

Dividend Yield Analysis

ABHYX Category Low Category High ABHYX % Rank
Dividend Yield 2.63% 0.00% 4.38% 6.22%

Dividend Distribution Analysis

ABHYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History