CALIFORNIA HIGH-YIELD MUNICIPAL FUND
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.3%
1 yr return
7.9%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
1.4%
Net Assets
$1.38 B
Holdings in Top 10
8.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ACYHX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.14%
- Dividend Yield 3.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCALIFORNIA HIGH-YIELD MUNICIPAL FUND
-
Fund Family NameAmerican Century Investments
-
Inception DateApr 10, 2017
-
Shares Outstanding422646
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph Gotelli
Fund Description
ACYHX - Performance
Return Ranking - Trailing
Period | ACYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.3% | -4.9% | 34.7% | 3.16% |
1 Yr | 7.9% | -1.6% | 40.8% | 4.57% |
3 Yr | -0.3%* | -10.3% | 5.2% | 45.97% |
5 Yr | 1.4%* | -6.5% | 1104.6% | 20.13% |
10 Yr | N/A* | -0.9% | 248.9% | 7.49% |
* Annualized
Return Ranking - Calendar
Period | ACYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.6% | -1.4% | 41.0% | 57.24% |
2022 | -14.8% | -39.7% | 0.3% | 86.96% |
2021 | 1.1% | -5.6% | 6.9% | 7.97% |
2020 | 0.8% | -2.6% | 310.0% | 84.80% |
2019 | 6.0% | 0.0% | 26.0% | 6.19% |
Total Return Ranking - Trailing
Period | ACYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.3% | -4.9% | 34.7% | 3.16% |
1 Yr | 7.9% | -1.6% | 40.8% | 4.57% |
3 Yr | -0.3%* | -10.3% | 5.2% | 45.97% |
5 Yr | 1.4%* | -6.5% | 1104.6% | 20.13% |
10 Yr | N/A* | -0.9% | 248.9% | 7.73% |
* Annualized
Total Return Ranking - Calendar
Period | ACYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -1.3% | 41.0% | 15.08% |
2022 | -11.5% | -39.7% | 1.1% | 80.82% |
2021 | 4.5% | -4.8% | 23761504.0% | 4.60% |
2020 | 3.4% | -1.5% | 17057.9% | 64.64% |
2019 | 9.8% | 0.2% | 3514.6% | 3.31% |
NAV & Total Return History
ACYHX - Holdings
Concentration Analysis
ACYHX | Category Low | Category High | ACYHX % Rank | |
---|---|---|---|---|
Net Assets | 1.38 B | 3.22 M | 71.9 B | 24.19% |
Number of Holdings | 625 | 4 | 13418 | 19.41% |
Net Assets in Top 10 | 137 M | -317 M | 3.09 B | 34.59% |
Weighting of Top 10 | 8.82% | 1.8% | 100.3% | 85.15% |
Top 10 Holdings
- California Housing Finance Agency 3.50% 11/20/2035 1.11%
- Silicon Valley Tobacco Securitization Authority 0.00% 06/01/2036 1.09%
- California Infrastructure Economic Development Bank 4.00% 10/01/2042 1.02%
- California Statewide Communities Development Authority 5.25% 12/01/2056 0.96%
- Palomar Health 5.00% 11/01/2042 0.92%
- San Joaquin Hills Transportation Corridor Agency 0.00% 01/15/2031 0.83%
- California Municipal Finance Authority 5.00% 05/15/2051 0.81%
- Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue 5.00% 06/01/2051 0.70%
- California Community Choice Financing Authority 5.25% 11/01/2054 0.70%
- CSCDA Community Improvement Authority 4.00% 10/01/2056 0.69%
Asset Allocation
Weighting | Return Low | Return High | ACYHX % Rank | |
---|---|---|---|---|
Bonds | 99.82% | 0.00% | 150.86% | 24.77% |
Stocks | 0.15% | 0.00% | 99.78% | 6.64% |
Cash | 0.04% | -50.86% | 44.62% | 80.73% |
Other | 0.00% | -3.69% | 53.54% | 14.64% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 47.21% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 46.93% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ACYHX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ACYHX % Rank | |
---|---|---|---|---|
US | 0.15% | 0.00% | 99.78% | 6.65% |
Non US | 0.00% | 0.00% | 10.22% | 46.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ACYHX % Rank | |
---|---|---|---|---|
Municipal | 99.96% | 44.39% | 100.00% | 13.55% |
Derivative | 0.00% | -3.69% | 53.54% | 11.75% |
Cash & Equivalents | 0.00% | 0.00% | 44.41% | 76.63% |
Securitized | 0.00% | 0.00% | 5.93% | 47.81% |
Corporate | 0.00% | 0.00% | 9.41% | 56.37% |
Government | 0.00% | 0.00% | 52.02% | 50.98% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ACYHX % Rank | |
---|---|---|---|---|
US | 99.82% | 0.00% | 142.23% | 23.37% |
Non US | 0.00% | 0.00% | 23.89% | 49.23% |
ACYHX - Expenses
Operational Fees
ACYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.27% | 0.01% | 8.02% | 95.30% |
Management Fee | 0.26% | 0.00% | 1.20% | 12.15% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
ACYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
ACYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
ACYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 25.00% | 0.00% | 283.00% | 71.96% |
ACYHX - Distributions
Dividend Yield Analysis
ACYHX | Category Low | Category High | ACYHX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.89% | 0.00% | 14.51% | 2.15% |
Dividend Distribution Analysis
ACYHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
ACYHX | Category Low | Category High | ACYHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.14% | -0.53% | 5.33% | 5.64% |
Capital Gain Distribution Analysis
ACYHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.032 | OrdinaryDividend |
Sep 30, 2024 | $0.030 | OrdinaryDividend |
Aug 30, 2024 | $0.035 | OrdinaryDividend |
Jul 31, 2024 | $0.033 | OrdinaryDividend |
Apr 30, 2024 | $0.033 | OrdinaryDividend |
Mar 28, 2024 | $0.033 | OrdinaryDividend |
Feb 29, 2024 | $0.033 | OrdinaryDividend |
Jan 31, 2024 | $0.032 | OrdinaryDividend |
Dec 29, 2023 | $0.034 | OrdinaryDividend |
Nov 30, 2023 | $0.033 | OrdinaryDividend |
Oct 31, 2023 | $0.031 | OrdinaryDividend |
Sep 29, 2023 | $0.033 | OrdinaryDividend |
Aug 31, 2023 | $0.032 | OrdinaryDividend |
Jul 31, 2023 | $0.030 | OrdinaryDividend |
Jun 30, 2023 | $0.034 | OrdinaryDividend |
May 31, 2023 | $0.032 | OrdinaryDividend |
Apr 28, 2023 | $0.029 | OrdinaryDividend |
Mar 31, 2023 | $0.033 | OrdinaryDividend |
Feb 28, 2023 | $0.031 | OrdinaryDividend |
Jan 31, 2023 | $0.029 | OrdinaryDividend |
Dec 30, 2022 | $0.033 | OrdinaryDividend |
Nov 30, 2022 | $0.031 | OrdinaryDividend |
Oct 31, 2022 | $0.028 | OrdinaryDividend |
Sep 30, 2022 | $0.032 | OrdinaryDividend |
Aug 31, 2022 | $0.029 | OrdinaryDividend |
Jul 29, 2022 | $0.029 | OrdinaryDividend |
Jun 30, 2022 | $0.029 | OrdinaryDividend |
May 31, 2022 | $0.028 | OrdinaryDividend |
Apr 29, 2022 | $0.030 | OrdinaryDividend |
Mar 31, 2022 | $0.028 | OrdinaryDividend |
Feb 28, 2022 | $0.028 | OrdinaryDividend |
Jan 31, 2022 | $0.025 | OrdinaryDividend |
Dec 31, 2021 | $0.029 | OrdinaryDividend |
Nov 30, 2021 | $0.028 | OrdinaryDividend |
Oct 31, 2021 | $0.027 | OrdinaryDividend |
Sep 30, 2021 | $0.028 | OrdinaryDividend |
Aug 31, 2021 | $0.027 | OrdinaryDividend |
Jul 31, 2021 | $0.029 | OrdinaryDividend |
Jun 30, 2021 | $0.029 | OrdinaryDividend |
May 31, 2021 | $0.027 | OrdinaryDividend |
Apr 30, 2021 | $0.031 | OrdinaryDividend |
Mar 31, 2021 | $0.029 | OrdinaryDividend |
Feb 28, 2021 | $0.030 | OrdinaryDividend |
Jan 31, 2021 | $0.026 | OrdinaryDividend |
Dec 31, 2020 | $0.032 | OrdinaryDividend |
Nov 30, 2020 | $0.029 | OrdinaryDividend |
Oct 30, 2020 | $0.031 | OrdinaryDividend |
Sep 30, 2020 | $0.031 | OrdinaryDividend |
Jul 31, 2020 | $0.032 | OrdinaryDividend |
Mar 31, 2020 | $0.029 | OrdinaryDividend |
Feb 28, 2020 | $0.029 | OrdinaryDividend |
Jan 31, 2020 | $0.031 | OrdinaryDividend |
Dec 31, 2019 | $0.031 | OrdinaryDividend |
Nov 29, 2019 | $0.031 | OrdinaryDividend |
Oct 31, 2019 | $0.031 | OrdinaryDividend |
Sep 30, 2019 | $0.032 | OrdinaryDividend |
Aug 30, 2019 | $0.032 | OrdinaryDividend |
Jul 31, 2019 | $0.032 | OrdinaryDividend |
ACYHX - Fund Manager Analysis
Managers
Joseph Gotelli
Start Date
Tenure
Tenure Rank
Jan 01, 2012
10.42
10.4%
Mr. Gotelli, Portfolio Manager and Vice President, has joined American Century Investments since 2008. He has shared primary responsibility for the management of the fund, and has served on teams managing fixed-income investments since joining the advisor. Prior to joining American Century Investments, he was an assistant portfolio manager at Franklin Templeton Investments for seven years. He has a bachelor’s degree in business economics from the University of California, Santa Barbara and an MBA from Santa Clara University.
Alan Kruss
Start Date
Tenure
Tenure Rank
Jan 01, 2012
10.42
10.4%
Mr. Kruss, Vice President and Portfolio Manager, has been a member of the team that manages Government Agency Money Market since November 2001. He joined American Century in 1997 as an Investment Administrator. In 2000, he was named Fixed Income Trader and in 2001, he was named Portfolio Manager. He has a bachelor's degree in finance from San Francisco State University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |