American Century CA High Yield Muni Inv
- BCHYX
- Price as of: Mar 01, 2021
-
$11.01
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- American Century Investments
- Share Class
BCHYX - Snapshot
Vitals
- YTD Return -0.7%
- 3 Yr Annualized Return 5.4%
- 5 Yr Annualized Return 4.5%
- Net Assets $1.59 B
- Holdings in Top 10 9.5%
52 WEEK LOW AND HIGH
$11.01
$9.70
$11.35
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.50%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 57.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $5,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni California Long
BCHYX - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return 5.4%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.15%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Century California High Yield Municipal Fund
-
Fund Family NameAmerican Century Investments
-
Inception DateDec 30, 1986
-
Shares Outstanding79350003
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSteven Permut
BCHYX - Performance
Return Ranking - Trailing
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -3.2% | 1.4% | 22.84% |
| 1 Yr | 3.1% | -1.0% | 9.5% | 52.41% |
| 3 Yr | 5.4%* | 0.0% | 10.2% | 15.68% |
| 5 Yr | 4.5%* | -0.4% | 8.0% | 8.28% |
| 10 Yr | 6.3%* | -0.1% | 10.8% | 8.04% |
* Annualized
Return Ranking - Calendar
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.7% | -2.8% | 310.0% | 86.78% |
| 2019 | 6.1% | -0.3% | 15.4% | 6.35% |
| 2018 | -2.8% | -10.3% | 97.2% | 78.37% |
| 2017 | 4.7% | -100.0% | 7.6% | 1.81% |
| 2016 | -3.0% | -7.9% | 96.8% | 62.72% |
Total Return Ranking - Trailing
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -3.2% | 1.7% | 22.78% |
| 1 Yr | 3.1% | -5.1% | 9.5% | 37.30% |
| 3 Yr | 5.4%* | -2.0% | 10.2% | 14.03% |
| 5 Yr | 4.5%* | -1.6% | 8.0% | 7.74% |
| 10 Yr | 6.3%* | -0.1% | 10.8% | 7.97% |
* Annualized
Total Return Ranking - Calendar
| Period | BCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.7% | -2.8% | 310.0% | 86.78% |
| 2019 | 6.1% | -0.3% | 15.4% | 6.65% |
| 2018 | -2.8% | -10.3% | 11.0% | 79.85% |
| 2017 | 4.7% | -100.0% | 7.6% | 2.72% |
| 2016 | -3.0% | -7.9% | 3.0% | 67.66% |
NAV & Total Return History
BCHYX - Holdings
Concentration Analysis
| BCHYX | Category Low | Category High | BCHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.59 B | 100 | 83.2 B | 22.72% |
| Number of Holdings | 598 | 3 | 11152 | 18.94% |
| Net Assets in Top 10 | 148 M | -192 M | 4.18 B | 30.55% |
| Weighting of Top 10 | 9.49% | 2.5% | 100.0% | 84.58% |
Top 10 Holdings
- CALIFORNIA HSG FIN AGY MUN CTFS 4% 1.46%
- CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% 1.11%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.10%
- TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5% 0.94%
- SAN DIEGO CALIF ASSN GOVTS CAP GRNT RCPTS REV 5% 0.88%
- SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01% 0.88%
- SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0.01% 0.82%
- CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5% 0.80%
- PALOMAR HEALTH CALIF REV 5% 0.77%
- CALIFORNIA STATEWIDE CMNTYS DEV AUTH HOSP REV 5% 0.75%
Asset Allocation
| Weighting | Return Low | Return High | BCHYX % Rank | |
|---|---|---|---|---|
| Bonds | 100.00% | 66.96% | 147.73% | 8.30% |
| Stocks | 0.00% | 0.00% | 2.07% | 11.26% |
| Preferred Stocks | 0.00% | -0.95% | 1.06% | 7.51% |
| Other | 0.00% | -13.58% | 13.72% | 12.23% |
| Convertible Bonds | 0.00% | -0.42% | 1.32% | 7.62% |
| Cash | 0.00% | -47.72% | 33.04% | 82.99% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BCHYX % Rank | |
|---|---|---|---|---|
| Municipal | 100.00% | 46.63% | 100.00% | 1.31% |
| Derivative | 0.00% | 0.00% | 0.85% | 6.71% |
| Cash & Equivalents | 0.00% | 0.00% | 33.04% | 85.32% |
| Securitized | 0.00% | 0.00% | 6.51% | 8.76% |
| Corporate | 0.00% | 0.00% | 15.75% | 21.27% |
| Government | 0.00% | 0.00% | 50.01% | 15.19% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BCHYX % Rank | |
|---|---|---|---|---|
| US | 98.96% | 66.25% | 141.36% | 21.62% |
| Non US | 1.04% | 0.00% | 26.53% | 45.73% |
BCHYX - Expenses
Operational Fees
| BCHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.01% | 16.95% | 83.98% |
| Management Fee | 0.49% | 0.00% | 1.10% | 70.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
| BCHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
| BCHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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 | 57.00% | 0.00% | 299.40% | 89.17% |
BCHYX - Distributions
Dividend Yield Analysis
| BCHYX | Category Low | Category High | BCHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.86% | 12.93% |
Dividend Distribution Analysis
| BCHYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| BCHYX | Category Low | Category High | BCHYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.15% | -1.65% | 6.48% | 11.82% |
Capital Gain Distribution Analysis
| BCHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.029 |
| Feb 28, 2019 | $0.031 |
| Jan 31, 2019 | $0.030 |
| Dec 31, 2018 | $0.029 |
| Nov 30, 2018 | $0.032 |
| Oct 31, 2018 | $0.028 |
| Aug 31, 2018 | $0.034 |
| Jul 31, 2018 | $0.030 |
| Jun 29, 2018 | $0.032 |
| May 31, 2018 | $0.030 |
| Apr 30, 2018 | $0.030 |
| Mar 29, 2018 | $0.030 |
| Feb 28, 2018 | $0.031 |
| Jan 31, 2018 | $0.030 |
| Dec 29, 2017 | $0.031 |
| Nov 30, 2017 | $0.031 |
| Oct 31, 2017 | $0.031 |
| Sep 29, 2017 | $0.031 |
| Aug 31, 2017 | $0.031 |
| Jul 31, 2017 | $0.031 |
| Jun 30, 2017 | $0.031 |
| May 31, 2017 | $0.031 |
| Apr 28, 2017 | $0.033 |
| Mar 31, 2017 | $0.031 |
| Feb 28, 2017 | $0.031 |
| Jan 31, 2017 | $0.031 |
| Dec 30, 2016 | $0.031 |
| Nov 30, 2016 | $0.031 |
| Oct 31, 2016 | $0.030 |
| Sep 30, 2016 | $0.030 |
| Aug 31, 2016 | $0.030 |
| Jul 29, 2016 | $0.030 |
| Jun 30, 2016 | $0.031 |
| May 31, 2016 | $0.031 |
| Apr 29, 2016 | $0.030 |
| Mar 31, 2016 | $0.031 |
| Feb 29, 2016 | $0.031 |
| Jan 29, 2016 | $0.032 |
| Dec 31, 2015 | $0.032 |
| Nov 30, 2015 | $0.032 |
| Oct 31, 2015 | $0.032 |
| Sep 30, 2015 | $0.032 |
| Aug 31, 2015 | $0.032 |
| Jul 31, 2015 | $0.032 |
| Jun 30, 2015 | $0.033 |
| May 29, 2015 | $0.033 |
| Apr 30, 2015 | $0.033 |
| Mar 31, 2015 | $0.033 |
| Feb 27, 2015 | $0.033 |
| Jan 30, 2015 | $0.032 |
| Dec 31, 2014 | $0.032 |
| Nov 28, 2014 | $0.033 |
| Oct 31, 2014 | $0.032 |
| Sep 30, 2014 | $0.032 |
| Aug 29, 2014 | $0.032 |
| Jul 31, 2014 | $0.032 |
| Jun 30, 2014 | $0.033 |
| May 30, 2014 | $0.033 |
| Apr 30, 2014 | $0.035 |
| Mar 31, 2014 | $0.035 |
| Feb 28, 2014 | $0.036 |
| Jan 31, 2014 | $0.036 |
| Dec 31, 2013 | $0.034 |
| Nov 29, 2013 | $0.034 |
| Oct 31, 2013 | $0.034 |
| Sep 30, 2013 | $0.035 |
| Aug 30, 2013 | $0.035 |
| Jul 31, 2013 | $0.034 |
| Jun 28, 2013 | $0.033 |
| May 31, 2013 | $0.031 |
| Apr 30, 2013 | $0.032 |
| Mar 28, 2013 | $0.032 |
| Feb 28, 2013 | $0.034 |
| Jan 31, 2013 | $0.034 |
| Dec 31, 2012 | $0.035 |
| Nov 30, 2012 | $0.035 |
| Oct 31, 2012 | $0.035 |
| Sep 28, 2012 | $0.035 |
| Aug 31, 2012 | $0.036 |
| Jul 31, 2012 | $0.036 |
| Jun 29, 2012 | $0.036 |
| May 31, 2012 | $0.035 |
| Apr 30, 2012 | $0.036 |
| Mar 30, 2012 | $0.037 |
| Feb 29, 2012 | $0.037 |
| Jan 31, 2012 | $0.038 |
| Dec 30, 2011 | $0.039 |
| Nov 30, 2011 | $0.040 |
| Oct 31, 2011 | $0.042 |
| Sep 30, 2011 | $0.041 |
| Aug 31, 2011 | $0.038 |
| Jul 29, 2011 | $0.040 |
| Jun 30, 2011 | $0.039 |
| May 31, 2011 | $0.040 |
| Apr 29, 2011 | $0.040 |
| Mar 31, 2011 | $0.040 |
| Feb 28, 2011 | $0.037 |
| Jan 31, 2011 | $0.040 |
| Dec 31, 2010 | $0.040 |
| Nov 30, 2010 | $0.037 |
| Oct 29, 2010 | $0.039 |
| Sep 30, 2010 | $0.038 |
| Aug 31, 2010 | $0.039 |
| Jul 30, 2010 | $0.040 |
| Jun 30, 2010 | $0.039 |
| May 28, 2010 | $0.040 |
| Apr 30, 2010 | $0.039 |
| Mar 31, 2010 | $0.040 |
| Feb 26, 2010 | $0.037 |
| Jan 29, 2010 | $0.041 |
| Dec 31, 2009 | $0.040 |
| Nov 30, 2009 | $0.040 |
| Oct 30, 2009 | $0.041 |
| Sep 30, 2009 | $0.039 |
| Aug 31, 2009 | $0.040 |
| Jul 31, 2009 | $0.041 |
| Jun 30, 2009 | $0.039 |
| May 29, 2009 | $0.041 |
| Apr 30, 2009 | $0.040 |
| Mar 31, 2009 | $0.037 |
| Feb 27, 2009 | $0.037 |
| Jan 30, 2009 | $0.041 |
| Dec 31, 2008 | $0.041 |
| Nov 28, 2008 | $0.036 |
| Oct 31, 2008 | $0.043 |
| Sep 30, 2008 | $0.038 |
| Aug 29, 2008 | $0.036 |
| Jul 31, 2008 | $0.039 |
| Jun 30, 2008 | $0.038 |
| May 30, 2008 | $0.038 |
| Apr 30, 2008 | $0.039 |
| Mar 31, 2008 | $0.041 |
| Feb 29, 2008 | $0.038 |
| Jan 31, 2008 | $0.041 |
| Dec 31, 2007 | $0.040 |
| Nov 30, 2007 | $0.042 |
| Oct 31, 2007 | $0.041 |
| Sep 28, 2007 | $0.037 |
| Aug 31, 2007 | $0.044 |
| Jul 31, 2007 | $0.039 |
| Jun 29, 2007 | $0.040 |
| May 31, 2007 | $0.040 |
| Apr 30, 2007 | $0.038 |
| Mar 30, 2007 | $0.042 |
| Feb 28, 2007 | $0.037 |
| Jan 31, 2007 | $0.038 |
| Dec 29, 2006 | $0.041 |
| Nov 30, 2006 | $0.040 |
| Oct 31, 2006 | $0.042 |
| Sep 29, 2006 | $0.039 |
| Aug 31, 2006 | $0.041 |
| Jul 31, 2006 | $0.041 |
| Jun 30, 2006 | $0.040 |
| May 31, 2006 | $0.041 |
| Apr 28, 2006 | $0.040 |
| Mar 31, 2006 | $0.041 |
| Feb 28, 2006 | $0.037 |
| Jan 31, 2006 | $0.042 |
| Nov 30, 2005 | $0.041 |
| Oct 31, 2005 | $0.042 |
| Sep 30, 2005 | $0.041 |
| Aug 31, 2005 | $0.042 |
| Jul 29, 2005 | $0.042 |
| Jun 30, 2005 | $0.041 |
| May 31, 2005 | $0.043 |
| Apr 29, 2005 | $0.042 |
| Mar 31, 2005 | $0.043 |
| Feb 28, 2005 | $0.039 |
| Jan 31, 2005 | $0.043 |
| Dec 31, 2004 | $0.043 |
| Nov 30, 2004 | $0.042 |
| Oct 29, 2004 | $0.044 |
| Sep 30, 2004 | $0.041 |
| Aug 31, 2004 | $0.043 |
| Jul 30, 2004 | $0.044 |
| Jun 30, 2004 | $0.043 |
| May 28, 2004 | $0.044 |
| Apr 30, 2004 | $0.043 |
| Mar 31, 2004 | $0.044 |
| Feb 27, 2004 | $0.042 |
| Jan 30, 2004 | $0.043 |
| Dec 31, 2003 | $0.044 |
| Nov 28, 2003 | $0.040 |
| Oct 31, 2003 | $0.045 |
| Sep 30, 2003 | $0.043 |
| Aug 29, 2003 | $0.044 |
| Jul 31, 2003 | $0.044 |
| Jun 30, 2003 | $0.043 |
| May 30, 2003 | $0.044 |
| Apr 30, 2003 | $0.043 |
| Mar 31, 2003 | $0.044 |
| Feb 28, 2003 | $0.040 |
| Jan 31, 2003 | $0.044 |
| Dec 31, 2002 | $0.044 |
| Nov 29, 2002 | $0.043 |
| Oct 31, 2002 | $0.045 |
| Sep 30, 2002 | $0.041 |
| Aug 30, 2002 | $0.043 |
| Jul 31, 2002 | $0.044 |
| Jun 28, 2002 | $0.040 |
| May 31, 2002 | $0.044 |
| Apr 30, 2002 | $0.043 |
| Mar 28, 2002 | $0.040 |
| Feb 28, 2002 | $0.040 |
| Jan 31, 2002 | $0.044 |
| Dec 31, 2001 | $0.044 |
| Nov 30, 2001 | $0.043 |
| Oct 31, 2001 | $0.048 |
| Sep 28, 2001 | $0.043 |
| Aug 31, 2001 | $0.044 |
| Jul 31, 2001 | $0.044 |
| Jun 30, 2001 | $0.043 |
| May 31, 2001 | $0.016 |
| Apr 30, 2001 | $0.043 |
| Mar 30, 2001 | $0.044 |
| Feb 28, 2001 | $0.040 |
| Jan 31, 2001 | $0.044 |
| Dec 29, 2000 | $0.050 |
| Nov 30, 2000 | $0.043 |
| Oct 31, 2000 | $0.044 |
| Sep 29, 2000 | $0.051 |
| Aug 31, 2000 | $0.040 |
| Jul 31, 2000 | $0.044 |
| Jun 30, 2000 | $0.043 |
| May 31, 2000 | $0.044 |
| Apr 28, 2000 | $0.040 |
| Mar 31, 2000 | $0.050 |
| Feb 29, 2000 | $0.040 |
| Jan 31, 2000 | $0.040 |
| Dec 31, 1999 | $0.044 |
| Nov 30, 1999 | $0.042 |
| Oct 29, 1999 | $0.043 |
| Sep 30, 1999 | $0.041 |
| Aug 31, 1999 | $0.042 |
| Jul 30, 1999 | $0.048 |
| Jun 30, 1999 | $0.041 |
| May 28, 1999 | $0.038 |
| Apr 30, 1999 | $0.040 |
| Mar 31, 1999 | $0.042 |
| Feb 26, 1999 | $0.038 |
| Jan 29, 1999 | $0.039 |
| Dec 31, 1998 | $0.046 |
| Nov 30, 1998 | $0.041 |
| Oct 30, 1998 | $0.043 |
| Sep 30, 1998 | $0.041 |
| Aug 31, 1998 | $0.043 |
| Jul 31, 1998 | $0.043 |
| Jun 30, 1998 | $0.041 |
| May 29, 1998 | $0.049 |
| Apr 30, 1998 | $0.042 |
| Nov 28, 1997 | $0.040 |
| Oct 31, 1997 | $0.045 |
| Sep 30, 1997 | $0.043 |
| Aug 29, 1997 | $0.051 |
| Jul 31, 1997 | $0.046 |
| Jun 30, 1997 | $0.044 |
| May 30, 1997 | $0.053 |
| Apr 30, 1997 | $0.044 |
| Mar 31, 1997 | $0.040 |
| Feb 28, 1997 | $0.042 |
BCHYX - Fund Manager Analysis
Managers
Steven Permut
Start Date
Tenure
Tenure Rank
Dec 31, 1988
32.11
32.1%
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
Start Date
Tenure
Tenure Rank
Jan 01, 2012
9.09
9.1%
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
9.09
9.1%
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 |
|---|---|---|---|
| 0.03 | 35.86 | 6.99 | 0.25 |