American Century California High-Yield Municipal is run by seasoned managers using improved tools. Nevertheless, its compact analyst team and straightforward process have not produced a clear advantage and warrant a Morningstar Analyst Rating of Neutral for most of its share classes and a Negative for its most expensive shares.
American Century CA High Yield Muni I BCHIX
NAV / 1-Day Return
11.04
/
0.12
%
Total Assets
1.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.300%
Expense Ratio
0.300%
Fee Level
Low
Longest Manager Tenure
32.18
years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
5,000,000
Status
Open
TTM Yield
3.25%
Effective Duration
8.10
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
A bumpier ride than most California funds.
