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Morningstar

American Century CA High Yield Muni I BCHIX

Morningstar Medalist Rating
Medalist Rating as of | See American Century Investment Hub
  • NAV / 1-Day Return 9.66  /  +0.04 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5.0 Mil
  • Status Open
  • TTM Yield 4.00%
  • Effective Duration 7.87 years

USD | NAV as of May 24, 2024 | 1-Day Return as of May 24, 2024, 10:12 PM GMT+0

Morningstar’s Analysis BCHIX

Will BCHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BCHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BCHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BCHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still in solid standing after 2022 leadership transition.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

There is plenty to like about American Century California High Yield Municipal’s collaborative approach, but its lean credit analyst team carries a heavy coverage load, which provides pause.

by Max Curtin
Rated on Published on

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Portfolio Holdings BCHIX

More BCHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01%

1.18 16.4 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 4%

1.13 15.8 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%

1.07 14.9 Mil
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0.01%

0.90 12.6 Mil
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5%

0.89 12.5 Mil
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.5%

0.78 10.9 Mil
municipal

PENINSULA CORRIDOR JT PWRS BRD CALIF MEASURE RR SALES TAX REV 5%

0.78 10.9 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.77 10.8 Mil
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

0.73 10.2 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%

0.72 10.0 Mil
municipal