Morningstar

American Century California High Yield Municipal Fund I Class BCHIX

Morningstar Medalist Rating
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Medalist Rating as of See American Century Investment Hub
  • NAV / 1-Day Return $9.23  /  +0.22 %
  • Fund Size $1.5B
  • Adjusted Expense Ratio 0.300%
  • Net Expense Ratio 0.290%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni California Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $5M
  • Investment Status Open
  • TTM Yield 4.53%
  • Average Effective Duration 8.66 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis BCHIX

Will BCHIX outperform in the 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.

An atypical California high-yield muni strategy.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

American Century California High Yield Muni’s sizable appetite for below-investment-grade debt is in line with a small subset of California-focused rivals, but the strategy is otherwise unremarkable.

by River Meng
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Portfolio Holdings BCHIX

More BCHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.99 15M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%

0.93 14M
municipal

PALOMAR HEALTH CALIF REV 5%

0.88 14M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.5%

0.87 13M
municipal

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

0.86 13M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.85 13M
municipal

NATIONAL FIN AUTH N H MUN CTFS 3.925%

0.76 12M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

0.76 12M
municipal

UNIVERSITY CALIF REVS 3.4%

0.75 12M
municipal

SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01%

0.70 11M
municipal

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