ALTAX: American Century California Long-Term Tax-Free Fund - MutualFunds.com
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American Century CA Long-Term T/F A

ALTAX - Snapshot

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $320 M
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Oct 18, 2017
  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification

  • Primary Theme N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Compare ALTAX to Popular Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$107.52

+0.32%

$1.22 T

-

$0.00

13.53%

0.14%

$220.37

+0.44%

$1.22 T

0.98%

$2.15

13.55%

0.03%

$389.41

+0.46%

$739.47 B

1.39%

$5.39

13.50%

0.03%

$393.08

+0.20%

$739.47 B

-

$0.00

13.41%

0.14%

$67.34

+0.45%

$405.62 B

1.99%

$1.34

12.07%

0.08%

ALTAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Century California Long-Term Tax-Free Fund
  • Fund Family Name
    American Century Investments
  • Inception Date
    Sep 28, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alan Kruss

Fund Description

Under normal market conditions, the portfolio invests at least 80% of the fund's net assets in debt securities with interest payments exempt from federal and California income taxes. Cities, counties and other municipalities in California and U.S. territories, such as Puerto Rico, usually issue these securities. The fund will typically invest in California municipal securities with maturities of seven or more years. It will maintain a weighted average maturity of ten or more years.


ALTAX - Performance

Return Ranking - Trailing

Period ALTAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 1.7% 7.2% N/A
1 Yr 0.2% -0.2% 6.1% N/A
3 Yr 3.0%* -2.1% 1.8% N/A
5 Yr 3.0%* -0.2% 2.3% N/A
10 Yr 4.2%* 0.9% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period ALTAX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -5.6% 4.2% N/A
2019 N/A 0.0% 8.6% N/A
2018 N/A -6.7% -1.2% N/A
2017 N/A -2.0% 2.9% N/A
2016 N/A 3.6% 83.0% N/A

Total Return Ranking - Trailing

Period ALTAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 1.7% 7.2% N/A
1 Yr -4.3% -0.2% 6.9% N/A
3 Yr 1.4%* -2.1% 3.1% N/A
5 Yr 2.1%* -0.2% 5.4% N/A
10 Yr 3.8%* 0.9% 7.2% N/A

* Annualized

Total Return Ranking - Calendar

Period ALTAX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -3.7% 4.2% N/A
2019 N/A 0.0% 9.8% N/A
2018 N/A -4.6% 0.8% N/A
2017 N/A -2.0% 5.3% N/A
2016 N/A 3.6% 83.0% N/A

ALTAX - Holdings

Concentration Analysis

ALTAX Category Low Category High ALTAX % Rank
Net Assets 320 M 45.3 M 20.1 B N/A
Number of Holdings 241 42 3456 N/A
Net Assets in Top 10 46.3 M 17.4 M 2.16 B N/A
Weighting of Top 10 14.43% 4.3% 39.1% N/A

Top 10 Holdings

  1. San Bernardino Calif Cmnty Col Go Bds 2.54%
  2. California St G O Bds 6% 1.73%
  3. California Health Facs Fing Au Rev 6.5% 1.57%
  4. California Edl Facs Auth 5.625% 1.51%
  5. Stockton Calif Uni Sch Dist 5% 1.30%
  6. Manhattan Beach Calif Uni Sch Cap Appre 1.27%
  7. Foothill / Eastern Transn Corr Ref Re 6% 1.17%
  8. California Health Facs Fing Au Rev Bd 6% 1.17%
  9. California Infrasct & Ec Rev Bds 4% 1.13%
  10. California St Various P 5.5% 1.04%

Asset Allocation

Weighting Return Low Return High ALTAX % Rank
Bonds
98.90% 83.56% 103.81% N/A
Cash
1.10% -3.81% 16.44% N/A
Stocks
0.00% 0.00% 0.42% N/A
Preferred Stocks
0.00% 0.00% 0.42% N/A
Other
0.00% 0.00% 1.16% N/A
Convertible Bonds
0.00% 0.00% 0.01% N/A

Bond Sector Breakdown

Weighting Return Low Return High ALTAX % Rank
Municipal
98.39% 91.08% 102.60% N/A
Cash & Equivalents
1.10% -3.28% 16.44% N/A
Government
0.52% -7.61% 4.74% N/A
Derivative
0.00% -0.12% 0.05% N/A
Securitized
0.00% 0.00% 0.02% N/A
Corporate
0.00% 0.00% 2.78% N/A

Bond Geographic Breakdown

Weighting Return Low Return High ALTAX % Rank
US
98.90% 76.76% 100.08% N/A
Non US
0.00% 0.00% 13.09% N/A

ALTAX - Expenses

Operational Fees

ALTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.27% 1.97% N/A
Management Fee 0.46% 0.26% 0.75% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

ALTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.00% 4.75% N/A
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

ALTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

ALTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 8.00% 119.00% N/A

ALTAX - Distributions

Dividend Yield Analysis

ALTAX Category Low Category High ALTAX % Rank
Dividend Yield 0.00% 0.01% 5.19% N/A

Dividend Distribution Analysis

ALTAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ALTAX Category Low Category High ALTAX % Rank
Net Income Ratio 3.08% 1.46% 5.40% N/A

Capital Gain Distribution Analysis

ALTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

ALTAX - Fund Manager Analysis

Managers

Alan Kruss


Start Date

Tenure

Tenure Rank

Jan 01, 2012

5.75

5.8%

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.

Joseph Gotelli


Start Date

Tenure

Tenure Rank

Aug 29, 2008

9.09

9.1%

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 six years. He has a bachelor’s degree in business economics from the University of California, Santa Barbara and an MBA from Santa Clara University.

Steven M. Permut


Start Date

Tenure

Tenure Rank

Dec 31, 2002

14.76

14.8%

Steven M. Permut, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He became a portfolio manager in 1990. He has served on teams managing fixed-income investments since joining American Century. He has a bachelor’s degree in business and geography from State University of New York – Oneonta and an MBA in finance from Golden Gate University –San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 30.52 8.56 6.41