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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

American Century High-Yield Municipal Fund

ABHYX | Fund

$8.89

$823 M

5.59%

$0.50

0.60%

Vitals

YTD Return

-13.6%

1 yr return

-6.7%

3 Yr Avg Return

1.7%

5 Yr Avg Return

3.2%

Net Assets

$823 M

Holdings in Top 10

13.2%

52 WEEK LOW AND HIGH

$8.9
$8.85
$10.43

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 53.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

American Century High-Yield Municipal Fund

ABHYX | Fund

$8.89

$823 M

5.59%

$0.50

0.60%

ABHYX - Profile

Distributions

  • YTD Total Return -13.6%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.30%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century High-Yield Municipal Fund
  • Fund Family Name
    American Century Investments
  • Inception Date
    Mar 31, 1998
  • Shares Outstanding
    30307110
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joseph Gotelli

Fund Description

The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund's net assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.

ABHYX - Performance

Return Ranking - Trailing

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.6% -23.2% -0.6% 27.48%
1 Yr -6.7% -14.0% 4.4% 27.56%
3 Yr 1.7%* -2.2% 4.1% 19.37%
5 Yr 3.2%* 0.2% 4.7% 23.92%
10 Yr 3.9%* 1.8% 5.9% 41.88%

* Annualized

Return Ranking - Calendar

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
2021 2.0% -1.9% 5.6% 57.73%
2020 1.1% -10.1% 4.2% 26.61%
2019 5.3% -0.7% 9.1% 42.45%
2018 -2.4% -5.7% 95.6% 46.39%
2017 5.3% -0.7% 8.6% 19.54%

Total Return Ranking - Trailing

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.6% -23.2% -0.6% 26.13%
1 Yr -6.7% -14.0% 4.3% 23.56%
3 Yr 1.7%* -2.2% 3.6% 16.22%
5 Yr 3.2%* 0.2% 4.7% 20.10%
10 Yr 3.9%* 1.8% 5.9% 38.13%

* Annualized

Total Return Ranking - Calendar

Period ABHYX Return Category Return Low Category Return High Rank in Category (%)
2021 2.0% -1.9% 5.6% 57.73%
2020 1.1% -10.1% 4.2% 26.61%
2019 5.3% -0.7% 9.1% 42.45%
2018 -2.4% -5.7% 95.6% 50.52%
2017 5.3% -0.7% 9.8% 22.41%

NAV & Total Return History

ABHYX - Holdings

Concentration Analysis

ABHYX Category Low Category High ABHYX % Rank
Net Assets 823 M 9.79 K 20.2 B 50.00%
Number of Holdings 420 1 3950 56.25%
Net Assets in Top 10 69 M -102 M 3.41 B 66.52%
Weighting of Top 10 13.18% 1.1% 97.0% 47.53%

Top 10 Holdings

  1. 10 Year Treasury Note Future June 22 2.42%
  2. 10 Year Treasury Note Future June 22 2.42%
  3. 10 Year Treasury Note Future June 22 2.42%
  4. 10 Year Treasury Note Future June 22 2.42%
  5. 10 Year Treasury Note Future June 22 2.42%
  6. 10 Year Treasury Note Future June 22 2.42%
  7. 10 Year Treasury Note Future June 22 2.42%
  8. 10 Year Treasury Note Future June 22 2.42%
  9. 10 Year Treasury Note Future June 22 2.42%
  10. 10 Year Treasury Note Future June 22 2.42%

Asset Allocation

Weighting Return Low Return High ABHYX % Rank
Bonds 		99.89% 0.00% 146.69% 20.26%
Cash 		0.08% -3.16% 100.00% 78.57%
Other 		0.03% 0.00% 0.18% 4.46%
Stocks 		0.00% 0.00% 5.80% 37.44%
Preferred Stocks 		0.00% -47.61% 0.32% 29.46%
Convertible Bonds 		0.00% 0.00% 0.00% 25.89%

Bond Sector Breakdown

Weighting Return Low Return High ABHYX % Rank
Municipal 		99.91% 0.00% 100.00% 9.38%
Cash & Equivalents 		0.09% 0.00% 100.00% 83.48%
Derivative 		0.00% 0.00% 0.02% 27.68%
Securitized 		0.00% 0.00% 22.44% 29.02%
Corporate 		0.00% 0.00% 4.15% 62.50%
Government 		0.00% 0.00% 0.09% 29.02%

Bond Geographic Breakdown

Weighting Return Low Return High ABHYX % Rank
US 		97.93% 0.00% 139.84% 12.05%
Non US 		1.96% 0.00% 21.09% 83.93%

ABHYX - Expenses

Operational Fees

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.05% 2.63% 75.34%
Management Fee 0.59% 0.00% 1.41% 81.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

ABHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 2.00% 121.00% 82.78%

ABHYX - Distributions

Dividend Yield Analysis

ABHYX Category Low Category High ABHYX % Rank
Dividend Yield 5.59% 0.00% 13.03% 49.78%

Dividend Distribution Analysis

ABHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ABHYX Category Low Category High ABHYX % Rank
Net Income Ratio 3.30% 1.11% 5.70% 42.73%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ABHYX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.34 2.52

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