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.
- NAV / 1-Day Return 9.56 / 0.32 %
- Total Assets 1.4 Bil
-
Adj. Expense Ratio
0.740%
- Expense Ratio 0.740%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Muni California Long
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.26%
- Effective Duration 10.36 years
Morningstar’s Analysis CAYAX
Will CAYAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date Mar 31, 2023
- Equity Holdings 0
- Bond Holdings 584
- Other Holdings 1
- % Assets in Top 10 Holdings 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Us 10yr Note (Cbt)jun23 Xcbt 20230621
7.74
120,897,812
Government
SAN JOSE CALIF FING AUTH WASTEWATER REV 5%
1.08
16,793,728
municipal
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4.42%
1.05
16,399,757
municipal
PENINSULA CORRIDOR JT PWRS BRD CALIF MEASURE RR SALES TAX REV 5%
1.01
15,801,860
municipal
SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01%
0.99
15,421,786
municipal
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%
0.94
14,753,972
municipal
UNIVERSITY CALIF REVS 3.65%
0.83
12,900,000
municipal
CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5%
0.78
12,222,086
municipal
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0.01%
0.77
12,035,661
municipal
UNIVERSITY CALIF REVS 5%
0.73
11,440,952
municipal