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Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

CALIFORNIA HIGH-YIELD MUNICIPAL FUND

BCHYX | Fund

$9.74

$1.38 B

3.83%

$0.37

0.50%

Vitals

YTD Return

3.1%

1 yr return

3.4%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

0.7%

Net Assets

$1.38 B

Holdings in Top 10

8.8%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

CALIFORNIA HIGH-YIELD MUNICIPAL FUND

BCHYX | Fund

$9.74

$1.38 B

3.83%

$0.37

0.50%

BCHYX - Profile

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    CALIFORNIA HIGH-YIELD MUNICIPAL FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Dec 30, 1986
  • Shares Outstanding
    77104641
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alan Kruss

BCHYX - Performance

Return Ranking - Trailing

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -7.3% 37.5% 6.58%
1 Yr 3.4% -7.4% 37.6% 4.50%
3 Yr -1.1%* -11.8% 5.1% 60.59%
5 Yr 0.7%* -7.4% 1103.2% 44.92%
10 Yr 2.7%* -1.1% 248.8% 5.39%

* Annualized

Return Ranking - Calendar

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -1.4% 41.0% 51.78%
2022 -14.9% -39.7% 0.3% 87.44%
2021 1.2% -5.6% 6.9% 6.67%
2020 0.7% -2.6% 310.0% 87.39%
2019 6.1% 0.0% 26.0% 5.83%

Total Return Ranking - Trailing

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -7.3% 37.5% 6.58%
1 Yr 3.4% -7.4% 37.6% 4.50%
3 Yr -1.1%* -11.8% 5.1% 60.59%
5 Yr 0.7%* -7.4% 1103.2% 44.92%
10 Yr 2.7%* -1.1% 248.8% 5.39%

* Annualized

Total Return Ranking - Calendar

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -1.3% 41.0% 25.39%
2022 -11.8% -39.7% 1.1% 84.10%
2021 4.2% -4.8% 23761504.0% 5.50%
2020 3.1% -1.5% 17057.9% 70.66%
2019 9.6% 0.2% 3514.6% 3.60%

NAV & Total Return History

BCHYX - Holdings

Concentration Analysis

BCHYX Category Low Category High BCHYX % Rank
Net Assets 1.38 B 3.22 M 71.9 B 24.06%
Number of Holdings 625 4 13418 19.14%
Net Assets in Top 10 137 M -317 M 3.09 B 34.45%
Weighting of Top 10 8.82% 1.8% 100.3% 85.01%

Top 10 Holdings

  1. California Housing Finance Agency 3.50% 11/20/2035 1.11%
  2. Silicon Valley Tobacco Securitization Authority 0.00% 06/01/2036 1.09%
  3. California Infrastructure Economic Development Bank 4.00% 10/01/2042 1.02%
  4. California Statewide Communities Development Authority 5.25% 12/01/2056 0.96%
  5. Palomar Health 5.00% 11/01/2042 0.92%
  6. San Joaquin Hills Transportation Corridor Agency 0.00% 01/15/2031 0.83%
  7. California Municipal Finance Authority 5.00% 05/15/2051 0.81%
  8. Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue 5.00% 06/01/2051 0.70%
  9. California Community Choice Financing Authority 5.25% 11/01/2054 0.70%
  10. CSCDA Community Improvement Authority 4.00% 10/01/2056 0.69%

Asset Allocation

Weighting Return Low Return High BCHYX % Rank
Bonds 		99.82% 0.00% 150.86% 23.62%
Stocks 		0.15% 0.00% 99.77% 6.11%
Cash 		0.04% -50.86% 44.62% 81.13%
Other 		0.00% -3.69% 53.54% 15.25%
Preferred Stocks 		0.00% 0.00% 0.07% 1.81%
Convertible Bonds 		0.00% 0.00% 0.93% 1.08%

Stock Sector Breakdown

Weighting Return Low Return High BCHYX % Rank
Utilities 		0.00% 0.00% 0.00% N/A
Technology 		0.00% 0.00% 0.00% N/A
Real Estate 		0.00% 0.00% 0.00% N/A
Industrials 		0.00% 0.00% 100.00% N/A
Healthcare 		0.00% 0.00% 0.00% N/A
Financial Services 		0.00% 0.00% 0.00% N/A
Energy 		0.00% 0.00% 0.00% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 0.00% N/A
Consumer Cyclical 		0.00% 0.00% 100.00% N/A
Basic Materials 		0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High BCHYX % Rank
US 		0.15% 0.00% 99.77% 6.11%
Non US 		0.00% 0.00% 10.22% 1.01%

Bond Sector Breakdown

Weighting Return Low Return High BCHYX % Rank
Municipal 		99.96% 44.39% 100.00% 12.81%
Derivative 		0.00% -3.69% 53.54% 12.29%
Cash & Equivalents 		0.00% 0.00% 44.41% 57.09%
Securitized 		0.00% 0.00% 5.93% 2.83%
Corporate 		0.00% 0.00% 9.41% 19.55%
Government 		0.00% 0.00% 52.02% 8.36%

Bond Geographic Breakdown

Weighting Return Low Return High BCHYX % Rank
US 		99.82% 0.00% 142.23% 22.23%
Non US 		0.00% 0.00% 23.89% 5.78%

BCHYX - Expenses

Operational Fees

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 8.02% 82.19%
Management Fee 0.49% 0.00% 1.20% 76.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

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

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.

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 283.00% 71.45%

BCHYX - Distributions

Dividend Yield Analysis

BCHYX Category Low Category High BCHYX % Rank
Dividend Yield 3.83% 0.00% 14.51% 5.50%

Dividend Distribution Analysis

BCHYX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

BCHYX Category Low Category High BCHYX % Rank
Net Income Ratio 2.91% -0.53% 5.33% 8.09%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BCHYX - Fund Manager Analysis

Managers

Alan Kruss

Start Date

Tenure

Tenure Rank

Jan 01, 2012

10.42

10.4%

Mr. Kruss, Vice President and Portfolio Manager, has been a member of the team that manages Government Agency Money Market since November 2001. He joined American Century in 1997 as an Investment Administrator. In 2000, he was named Fixed Income Trader and in 2001, he was named Portfolio Manager. He has a bachelor's degree in finance from San Francisco State University.

Joseph Gotelli

Start Date

Tenure

Tenure Rank

Jan 01, 2012

10.42

10.4%

Mr. Gotelli, Portfolio Manager and Vice President, has joined American Century Investments since 2008. He has shared primary responsibility for the management of the fund, and has served on teams managing fixed-income investments since joining the advisor. Prior to joining American Century Investments, he was an assistant portfolio manager at Franklin Templeton Investments for seven years. He has a bachelor’s degree in business economics from the University of California, Santa Barbara and an MBA from Santa Clara University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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