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BCHIX American Century CA High Yield Muni I

  • Fund
  • BCHIX
  • Price as of: Apr 24, 2019
  • $10.62 + $0.02 + 0.19%
  • Category
  • High Yield Municipal Bonds

BCHIX - Profile

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $1.26 B
  • Holdings in Top 10 12.4%

52 WEEK LOW AND HIGH

$10.62
$10.25
$10.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.30%

SALES FEES

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

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.69%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century California High Yield Municipal Fund
  • Fund Family Name American Century Investments
  • Inception Date Mar 01, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States

BCHIX - Performance

Return Ranking - Trailing

Period BCHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% 0.8% 4.1% 60.63%
1 Yr 1.9% -0.8% 5.3% 53.60%
3 Yr -0.3%* -1.9% 2.1% 53.28%
5 Yr 1.2%* -0.3% 13.1% 43.80%
10 Yr N/A* 0.9% 6.4% N/A

* Annualized


Return Ranking - Calendar

Period BCHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.7% -5.6% 4.2% 54.40%
2017 4.6% 0.0% 8.6% 26.40%
2016 -2.9% -6.7% -1.2% 40.16%
2015 1.2% -2.0% 2.9% 9.02%
2014 9.4% 3.6% 83.0% 48.31%

Total Return Ranking - Trailing

Period BCHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% 0.8% 4.1% 60.63%
1 Yr 1.9% -0.8% 6.0% 58.40%
3 Yr -0.3%* -1.9% 3.5% 59.02%
5 Yr 1.2%* -0.3% 13.1% 52.89%
10 Yr N/A* 0.9% 7.6% N/A

* Annualized


Total Return Ranking - Calendar

Period BCHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.7% -3.7% 4.2% 60.00%
2017 4.6% 0.0% 9.8% 30.40%
2016 -2.9% -4.6% 0.8% 45.08%
2015 1.2% -2.0% 5.3% 18.03%
2014 9.4% 3.6% 83.0% 48.31%

NAV & Total Return History

BCHIX - Holdings

Concentration Analysis

BCHIX Category Low Category High BCHIX % Rank
Net Assets 1.26 B 46.2 M 18.4 B 43.31%
Number of Holdings 546 42 3288 37.01%
Net Assets in Top 10 157 M 4.84 M 2.07 B 37.01%
Weighting of Top 10 12.37% 4.3% 39.1% 41.73%

Top 10 Holdings

  1. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 2.53%

  2. CALIFORNIA ST 5% 1.35%

  3. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% 1.32%

  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.31%

  5. TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5.12% 1.11%

  6. CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5% 1.08%

  7. SAN BUENAVENTURA CALIF REV 7.5% 0.97%

  8. SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01% 0.96%

  9. CALIFORNIA STATEWIDE CMNTYS DEV AUTH HOSP REV 5% 0.88%

  10. PALOMAR HEALTH CALIF REV 5% 0.86%


Asset Allocation

Weighting Return Low Return High BCHIX % Rank
Bonds
99.71% 81.91% 105.03% 39.37%
Cash
0.29% -5.03% 18.09% 59.84%
Stocks
0.00% 0.00% 0.53% 59.84%
Preferred Stocks
0.00% 0.00% 0.39% 56.69%
Other
0.00% 0.00% 1.29% 60.63%
Convertible Bonds
0.00% 0.00% 0.00% 55.12%

Bond Sector Breakdown

Weighting Return Low Return High BCHIX % Rank
Municipal
99.71% 91.17% 103.16% 33.86%
Cash & Equivalents
0.29% -4.46% 18.09% 66.14%
Derivative
0.00% -0.14% 0.06% 55.12%
Securitized
0.00% 0.00% 0.02% 56.69%
Corporate
0.00% 0.00% 2.59% 69.29%
Government
0.00% -10.34% 6.54% 45.67%

Bond Geographic Breakdown

Weighting Return Low Return High BCHIX % Rank
US
98.59% 77.16% 103.15% 32.28%
Non US
1.12% 0.00% 12.84% 59.06%

BCHIX - Expenses

Operational Fees

BCHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.27% 1.85% 99.21%
Management Fee 0.29% 0.26% 0.75% 4.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

BCHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

BCHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

BCHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 3.00% 119.00% 86.61%

BCHIX - Distributions

Dividend Yield Analysis

BCHIX Category Low Category High BCHIX % Rank
Dividend Yield 0.30% 0.01% 0.36% 12.60%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BCHIX Category Low Category High BCHIX % Rank
Net Income Ratio 3.69% 1.39% 5.43% 52.76%

Capital Gain Distribution Analysis

BCHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

BCHIX - Managers

Tenure Analysis

Category Low

0.09

Category High

30.27

Category Average

8.37

Category Mode

6.16