CAYCX: American Century CA High Yield Muni C - MutualFunds.com

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CAYCX American Century CA High Yield Muni C

  • Fund
  • CAYCX
  • Price as of: Oct 11, 2019
  • $11.03 - $0.03 - 0.27%

CAYCX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $1.49 B
  • Holdings in Top 10 11.5%

52 WEEK LOW AND HIGH

$11.03
$10.25
$11.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.50%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.49%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Century California High Yield Municipal Fund
  • Fund Family Name American Century Investments
  • Inception Date Jan 31, 2003
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Steven M. Permut

Fund Description

The fund invests at least 80% of its net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund.

CAYCX - Performance

Return Ranking - Trailing

Period CAYCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% 2.5% 11.1% 21.24%
1 Yr 6.8% 2.1% 13.6% 51.56%
3 Yr 0.9%* -1.5% 5.6% 39.41%
5 Yr 1.2%* -1.3% 5.9% 37.27%
10 Yr 1.7%* -0.9% 7.4% 37.96%

* Annualized


Return Ranking - Calendar

Period CAYCX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -6.2% 2.8% 57.30%
2017 4.7% -0.2% 6.8% 6.51%
2016 -3.0% -7.9% -1.7% 43.13%
2015 1.2% -1.9% 1.8% 17.83%
2014 9.4% 1.5% 16.6% 18.30%

Total Return Ranking - Trailing

Period CAYCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% 2.5% 11.1% 23.83%
1 Yr 6.8% 2.0% 13.6% 47.40%
3 Yr 0.9%* -1.5% 4.8% 42.35%
5 Yr 1.2%* -1.3% 5.9% 41.61%
10 Yr 1.7%* -0.9% 7.1% 41.61%

* Annualized


Total Return Ranking - Calendar

Period CAYCX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -6.2% 2.8% 62.16%
2017 4.7% -0.2% 6.9% 8.28%
2016 -3.0% -7.9% 0.8% 46.88%
2015 1.2% -1.9% 3.7% 22.93%
2014 9.4% 2.0% 16.6% 20.26%

NAV & Total Return History

CAYCX - Holdings

Concentration Analysis

CAYCX Category Low Category High CAYCX % Rank
Net Assets 1.49 B 3.1 M 16.3 B 28.06%
Number of Holdings 584 18 3999 19.39%
Net Assets in Top 10 160 M -110 M 2.99 B 36.73%
Weighting of Top 10 11.52% 3.8% 80.5% 79.08%

Top 10 Holdings

  1. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 2.32%

  2. CALIFORNIA ST 5% 1.25%

  3. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% 1.23%

  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 1.20%

  5. CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5% 1.02%

  6. TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5.12% 1.02%

  7. SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01% 0.90%

  8. SAN BUENAVENTURA CALIF REV 7.5% 0.89%

  9. CALIFORNIA ST 5% 0.86%

  10. CALIFORNIA STATEWIDE CMNTYS DEV AUTH HOSP REV 5% 0.83%


Asset Allocation

Weighting Return Low Return High CAYCX % Rank
Bonds
99.83% 91.08% 158.35% 43.37%
Cash
0.17% -38.61% 8.91% 54.08%
Stocks
0.00% 0.00% 0.20% 66.33%
Preferred Stocks
0.00% 0.00% 0.00% 65.31%
Other
0.00% -40.48% 2.17% 67.35%
Convertible Bonds
0.00% 0.00% 0.00% 65.31%

Bond Sector Breakdown

Weighting Return Low Return High CAYCX % Rank
Municipal
99.83% 91.09% 153.13% 46.43%
Cash & Equivalents
0.17% -38.61% 8.91% 54.08%
Derivative
0.00% 0.00% 0.00% 65.31%
Securitized
0.00% 0.00% 1.72% 65.31%
Corporate
0.00% 0.00% 1.71% 69.90%
Government
0.00% -5.09% 1.93% 58.67%

Bond Geographic Breakdown

Weighting Return Low Return High CAYCX % Rank
US
98.79% 87.68% 158.35% 42.86%
Non US
1.04% 0.00% 8.93% 46.94%

CAYCX - Expenses

Operational Fees

CAYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.09% 28.64% 22.92%
Management Fee 0.49% 0.00% 0.70% 67.35%
12b-1 Fee 1.00% 0.00% 1.00% 97.30%
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

CAYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load 1.00% 1.00% 5.00% 81.40%

Trading Fees

CAYCX 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.

CAYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 293.00% 89.18%

CAYCX - Distributions

Dividend Yield Analysis

CAYCX Category Low Category High CAYCX % Rank
Dividend Yield 1.74% 0.00% 4.07% 30.10%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CAYCX Category Low Category High CAYCX % Rank
Net Income Ratio 2.49% 0.87% 6.70% 80.21%

Capital Gain Distribution Analysis

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

CAYCX - Managers

Steven M. Permut

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1988

30.77

30.8%

Steven M. Permut, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He became a portfolio manager in 1990. He has served on teams managing fixed-income investments since joining American Century. 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.


Alan Kruss

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2012

7.75

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

7.75

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 six 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

0.25

Category High

30.77

Category Average

9.03

Category Mode

6.59