BCHYX: American Century CA High Yield Muni Inv
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BCHYX American Century CA High Yield Muni Inv

  • Fund
  • BCHYX
  • Price as of: Nov 20, 2019
  • $10.98 + $0.02 + 0.18%
Profile Categories Performance Holdings Expenses Distributions Managers Read Next

BCHYX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $1.51 B
  • Holdings in Top 10 11.1%

52 WEEK LOW AND HIGH

$10.98
$10.27
$11.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

California Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.40%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century California High Yield Municipal Fund
  • Fund Family Name American Century Investments
  • Inception Date Dec 30, 1986
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Steven M. Permut

BCHYX - Mutual Fund Categories

Developed Market
North America
Active
No Load
U.S.
Long-Term Bond
Total Bond Market
California Municipal Bond
Municipal Bond
Single-State Municipal Bond

BCHYX - Performance

Return Ranking - Trailing

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% 2.1% 9.7% 19.17%
1 Yr 10.5% 1.4% 14.8% 8.81%
3 Yr 4.4%* 0.2% 5.9% 5.59%
5 Yr 4.8%* -1.1% 6.0% 7.69%
10 Yr 6.0%* -1.0% 8.0% 9.27%

* Annualized

Return Ranking - Calendar

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -6.2% 2.8% 56.76%
2017 4.7% -0.2% 6.8% 5.92%
2016 -3.0% -7.9% -1.7% 42.50%
2015 1.3% -1.9% 1.8% 15.29%
2014 9.4% 1.5% 16.6% 16.99%

Total Return Ranking - Trailing

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% 2.1% 9.7% 21.76%
1 Yr 10.5% 1.4% 14.8% 7.77%
3 Yr 4.4%* 0.2% 5.9% 4.47%
5 Yr 4.8%* -1.1% 6.0% 5.92%
10 Yr 6.0%* -1.0% 8.0% 9.27%

* Annualized

Total Return Ranking - Calendar

Period BCHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -6.2% 2.8% 61.62%
2017 4.7% -0.2% 6.9% 7.69%
2016 -3.0% -7.9% 0.8% 46.25%
2015 1.3% -1.9% 3.7% 20.38%
2014 9.4% 2.0% 16.6% 18.95%

NAV & Total Return History

BCHYX - Holdings

Concentration Analysis

BCHYX Category Low Category High BCHYX % Rank
Net Assets 1.51 B 3.1 M 16.4 B 27.41%
Number of Holdings 597 18 4162 18.78%
Net Assets in Top 10 165 M -109 M 2.97 B 35.53%
Weighting of Top 10 11.10% 3.5% 83.2% 81.22%

Top 10 Holdings

  1. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 2.18%
  2. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% 1.17%
  3. CALIFORNIA ST 5% 1.17%
  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.15%
  5. CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5% 0.97%
  6. TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5.12% 0.95%
  7. LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 1.63% 0.93%
  8. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 1.48% 0.89%
  9. SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01% 0.86%
  10. SAN BUENAVENTURA CALIF REV 7.5% 0.83%

Asset Allocation

Weighting Return Low Return High BCHYX % Rank
Bonds 		99.53% 91.08% 139.68% 52.28%
Cash 		0.47% -39.68% 8.91% 46.70%
Stocks 		0.00% 0.00% 0.21% 28.43%
Preferred Stocks 		0.00% 0.00% 0.00% 26.40%
Other 		0.00% -0.35% 1.50% 32.99%
Convertible Bonds 		0.00% 0.00% 0.00% 26.40%

Bond Sector Breakdown

Weighting Return Low Return High BCHYX % Rank
Municipal 		99.53% 91.09% 139.68% 52.79%
Cash & Equivalents 		0.47% -39.68% 8.91% 43.65%
Derivative 		0.00% 0.00% 0.00% 26.40%
Securitized 		0.00% 0.00% 1.54% 31.47%
Corporate 		0.00% 0.00% 2.52% 36.04%
Government 		0.00% -10.24% 1.93% 25.38%

Bond Geographic Breakdown

Weighting Return Low Return High BCHYX % Rank
US 		98.53% 87.63% 136.27% 46.70%
Non US 		1.00% 0.00% 9.57% 48.73%

BCHYX - Expenses

Operational Fees

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.09% 3.74% 87.11%
Management Fee 0.49% 0.00% 0.70% 66.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 1.00% 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.

BCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 293.00% 76.41%

BCHYX - Distributions

Dividend Yield Analysis

BCHYX Category Low Category High BCHYX % Rank
Dividend Yield 1.38% 0.00% 3.83% 36.55%

Dividend Distribution Analysis

BCHYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History

View More History

Net Income Ratio Analysis

BCHYX Category Low Category High BCHYX % Rank
Net Income Ratio 3.40% 0.87% 6.70% 29.90%

Capital Gain Distribution Analysis

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

BCHYX - Managers

Steven M. Permut

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1988

30.85

30.9%

Steven M. Permut, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He has served on teams managing fixed-income investments since joining American Century. Previously, Mr. Permut was an analyst with Moody’s Investors Service. He has a bachelor’s degree in business and geography from State University of New York – Oneonta and an MBA in finance from Golden Gate University –San Francisco. He is on the Investment Oversight Committee for the city of Mountain View, Ca. He is past chairman of the California Society of Municipal Analysts, and a former board member of the National Federation of Municipal Analysts.

Alan Kruss

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2012

7.84

7.8%

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

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2012

7.84

7.8%

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

0.33

Category High

30.85

Category Average

9.08

Category Mode

6.67

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