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American Century CA High Yield Muni Inv BCHYX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
11.37  /  0.02 %
Total Assets
1.7 Bil
Adj. Expense Ratio
0.500%
Expense Ratio
0.500%
Fee Level
Average
Longest Manager Tenure
32.56 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Low / Extensive
Min. Initial Investment
5,000
Status
Open
TTM Yield
2.91%
Effective Duration
8.05 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 9:47 PM GMT+00:00

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Morningstar’s Analysis

Will BCHYX outperform in future?

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

Process Pillar

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

People Pillar

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The People Pillar is our evaluation of the BCHYX 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

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

Unique within its category.

Associate Director

Summary

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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. It earns a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its most-expensive shares.

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