CALIFORNIA HIGH-YIELD MUNICIPAL FUND
Fund
BCHYX
Price as of:
$9.87
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 11/22/2024Price
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
Vitals
YTD Return
4.1%
1 yr return
8.9%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
1.0%
Net Assets
$1.38 B
Holdings in Top 10
8.8%
52 WEEK LOW AND HIGH
$9.9
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 11/22/2024Price
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
BCHYX - Profile
Distributions
- YTD Total Return 4.1%
- 3 Yr Annualized Total Return -0.7%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.91%
- Dividend Yield 3.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCALIFORNIA HIGH-YIELD MUNICIPAL FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateDec 30, 1986
-
Shares Outstanding77104641
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlan Kruss
BCHYX - Performance
Return Ranking - Trailing
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -5.9% | 32.8% | 4.00% |
| 1 Yr | 8.9% | -0.7% | 37.0% | 6.26% |
| 3 Yr | -0.7%* | -10.7% | 3.6% | 59.80% |
| 5 Yr | 1.0%* | -6.8% | 1103.7% | 39.01% |
| 10 Yr | 2.8%* | -0.9% | 248.8% | 5.70% |
* Annualized
Return Ranking - Calendar
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.7% | -1.4% | 41.0% | 51.70% |
| 2022 | -14.9% | -39.7% | 0.3% | 87.33% |
| 2021 | 1.2% | -5.6% | 6.9% | 6.68% |
| 2020 | 0.7% | -2.6% | 310.0% | 87.35% |
| 2019 | 6.1% | 0.0% | 26.0% | 5.86% |
Total Return Ranking - Trailing
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -5.9% | 32.8% | 4.00% |
| 1 Yr | 8.9% | -0.7% | 37.0% | 6.26% |
| 3 Yr | -0.7%* | -10.7% | 3.6% | 59.80% |
| 5 Yr | 1.0%* | -6.8% | 1103.7% | 39.01% |
| 10 Yr | 2.8%* | -0.9% | 248.8% | 5.70% |
* Annualized
Total Return Ranking - Calendar
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.7% | -1.3% | 41.0% | 25.45% |
| 2022 | -11.8% | -39.7% | 1.1% | 83.88% |
| 2021 | 4.2% | -4.8% | 23761504.0% | 5.46% |
| 2020 | 3.1% | -1.5% | 17057.9% | 70.81% |
| 2019 | 9.6% | 0.2% | 3514.6% | 3.57% |
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 | 24.20% |
| Number of Holdings | 625 | 4 | 13418 | 19.25% |
| Net Assets in Top 10 | 137 M | -317 M | 3.09 B | 33.71% |
| Weighting of Top 10 | 8.82% | 1.8% | 100.3% | 85.73% |
Top 10 Holdings
- California Housing Finance Agency 3.50% 11/20/2035 1.11%
- Silicon Valley Tobacco Securitization Authority 0.00% 06/01/2036 1.09%
- California Infrastructure Economic Development Bank 4.00% 10/01/2042 1.02%
- California Statewide Communities Development Authority 5.25% 12/01/2056 0.96%
- Palomar Health 5.00% 11/01/2042 0.92%
- San Joaquin Hills Transportation Corridor Agency 0.00% 01/15/2031 0.83%
- California Municipal Finance Authority 5.00% 05/15/2051 0.81%
- Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue 5.00% 06/01/2051 0.70%
- California Community Choice Financing Authority 5.25% 11/01/2054 0.70%
- 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% | 25.57% |
| Stocks | 0.15% | 0.00% | 99.78% | 7.46% |
| Cash | 0.04% | -50.86% | 44.62% | 81.35% |
| Other | 0.00% | -3.69% | 51.88% | 15.86% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 21.05% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 20.40% |
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% | 99.78% | 7.46% |
| Non US | 0.00% | -0.03% | 9.76% | 20.39% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BCHYX % Rank | |
|---|---|---|---|---|
| Municipal | 99.96% | 44.39% | 100.00% | 13.38% |
| Derivative | 0.00% | -3.69% | 51.88% | 11.86% |
| Cash & Equivalents | 0.00% | 0.00% | 44.41% | 67.22% |
| Securitized | 0.00% | 0.00% | 5.93% | 21.54% |
| Corporate | 0.00% | 0.00% | 9.41% | 35.32% |
| Government | 0.00% | 0.00% | 52.02% | 26.69% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BCHYX % Rank | |
|---|---|---|---|---|
| US | 99.82% | 0.00% | 142.23% | 24.18% |
| Non US | 0.00% | 0.00% | 23.89% | 25.05% |
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% | 82.53% |
| Management Fee | 0.49% | 0.00% | 1.20% | 77.63% |
| 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% | 71.75% |
BCHYX - Distributions
Dividend Yield Analysis
| BCHYX | Category Low | Category High | BCHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.69% | 0.00% | 14.51% | 5.53% |
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 | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.030 | OrdinaryDividend |
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Jul 31, 2024 | $0.031 | OrdinaryDividend |
| Apr 30, 2024 | $0.031 | OrdinaryDividend |
| Mar 28, 2024 | $0.031 | OrdinaryDividend |
| Feb 29, 2024 | $0.031 | OrdinaryDividend |
| Dec 31, 2023 | $0.032 | OrdinaryDividend |
| Nov 30, 2023 | $0.031 | OrdinaryDividend |
| Oct 31, 2023 | $0.030 | OrdinaryDividend |
| Sep 29, 2023 | $0.031 | OrdinaryDividend |
| Aug 31, 2023 | $0.030 | OrdinaryDividend |
| Jul 31, 2023 | $0.028 | OrdinaryDividend |
| Jun 30, 2023 | $0.032 | OrdinaryDividend |
| May 31, 2023 | $0.030 | OrdinaryDividend |
| Apr 28, 2023 | $0.028 | OrdinaryDividend |
| Mar 31, 2023 | $0.031 | OrdinaryDividend |
| Feb 28, 2023 | $0.030 | OrdinaryDividend |
| Jan 31, 2023 | $0.027 | OrdinaryDividend |
| Dec 30, 2022 | $0.031 | OrdinaryDividend |
| Nov 30, 2022 | $0.029 | OrdinaryDividend |
| Oct 31, 2022 | $0.027 | OrdinaryDividend |
| Sep 30, 2022 | $0.030 | OrdinaryDividend |
| Aug 31, 2022 | $0.027 | OrdinaryDividend |
| Jul 29, 2022 | $0.027 | OrdinaryDividend |
| Jun 30, 2022 | $0.028 | OrdinaryDividend |
| May 31, 2022 | $0.026 | OrdinaryDividend |
| Apr 29, 2022 | $0.028 | OrdinaryDividend |
| Mar 31, 2022 | $0.026 | OrdinaryDividend |
| Feb 28, 2022 | $0.026 | OrdinaryDividend |
| Jan 31, 2022 | $0.023 | OrdinaryDividend |
| Dec 31, 2021 | $0.026 | OrdinaryDividend |
| Nov 30, 2021 | $0.026 | OrdinaryDividend |
| Oct 31, 2021 | $0.025 | OrdinaryDividend |
| Sep 30, 2021 | $0.025 | OrdinaryDividend |
| Aug 31, 2021 | $0.025 | OrdinaryDividend |
| Jul 31, 2021 | $0.027 | OrdinaryDividend |
| Jun 30, 2021 | $0.026 | OrdinaryDividend |
| May 28, 2021 | $0.024 | OrdinaryDividend |
| Apr 30, 2021 | $0.029 | OrdinaryDividend |
| Mar 31, 2021 | $0.027 | OrdinaryDividend |
| Feb 28, 2021 | $0.028 | OrdinaryDividend |
| Jan 31, 2021 | $0.017 | OrdinaryDividend |
| Dec 31, 2020 | $0.030 | OrdinaryDividend |
| Nov 30, 2020 | $0.027 | OrdinaryDividend |
| Oct 30, 2020 | $0.029 | OrdinaryDividend |
| Sep 30, 2020 | $0.029 | OrdinaryDividend |
| Jul 31, 2020 | $0.030 | OrdinaryDividend |
| May 29, 2020 | $0.029 | OrdinaryDividend |
| Apr 30, 2020 | $0.029 | OrdinaryDividend |
| Feb 28, 2020 | $0.027 | OrdinaryDividend |
| Dec 31, 2019 | $0.028 | OrdinaryDividend |
| Nov 29, 2019 | $0.029 | OrdinaryDividend |
| Oct 31, 2019 | $0.029 | OrdinaryDividend |
| Sep 30, 2019 | $0.029 | OrdinaryDividend |
| Aug 30, 2019 | $0.030 | OrdinaryDividend |
| Jul 31, 2019 | $0.030 | OrdinaryDividend |
| Dec 14, 1998 | $0.056 | CapitalGainShortTerm |
| Dec 14, 1998 | $0.053 | CapitalGainLongTerm |
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 | 7.35 | 1.58 |