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American Century CA High Yield Muni A CAYAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Century Investment Hub

Morningstar’s Analysis CAYAX

Will CAYAX 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 CAYAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CAYAX 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 CAYAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A higher-yielding approach within its category.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

American Century California High Yield Municipal’s seasoned managers employ a standard process that incorporates improved analytical tools. However, a compact team limits the approach to the high-yield muni market. The strategy receives a Morningstar Medalist Rating of Neutral for most share classes, while its most expensive is rated Negative.

by Elizabeth Templeton
Rated on Published on

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