PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
American Century High-Yield Municipal Fund (ABHYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0249348048
CUSIP024934804
IssuerAmerican Century Investments
Inception DateMar 30, 1998
CategoryHigh Yield Muni
Min. Investment$2,500
Asset ClassBond

Expense Ratio

The American Century High-Yield Municipal Fund has a high expense ratio of 0.59%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.59%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ABHYX

American Century High-Yield Municipal Fund

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in American Century High-Yield Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


150.00%200.00%250.00%300.00%350.00%400.00%OctoberNovemberDecember2024FebruaryMarch
181.21%
385.87%
ABHYX (American Century High-Yield Municipal Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

American Century High-Yield Municipal Fund had a return of 1.89% year-to-date (YTD) and 5.96% in the last 12 months. Over the past 10 years, American Century High-Yield Municipal Fund had an annualized return of 3.57%, while the S&P 500 had an annualized return of 10.89%, indicating that American Century High-Yield Municipal Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date1.89%10.16%
1 month0.82%3.47%
6 months10.18%22.20%
1 year5.96%30.45%
5 years (annualized)1.84%13.16%
10 years (annualized)3.57%10.89%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20240.94%0.60%
2023-1.39%-3.63%-1.83%7.00%2.69%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for American Century High-Yield Municipal Fund (ABHYX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABHYX
American Century High-Yield Municipal Fund
1.08
^GSPC
S&P 500
2.79

Sharpe Ratio

The current American Century High-Yield Municipal Fund Sharpe ratio is 1.08. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
1.08
2.79
ABHYX (American Century High-Yield Municipal Fund)
Benchmark (^GSPC)

Dividends

Dividend History

American Century High-Yield Municipal Fund granted a 4.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.36$0.35$0.32$0.38$0.34$0.38$0.37$0.35$0.33$0.37$0.39$0.39

Dividend yield

4.06%4.02%3.74%3.73%3.35%3.79%3.90%3.62%3.61%3.93%4.14%4.47%

Monthly Dividends

The table displays the monthly dividend distributions for American Century High-Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.03$0.03
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2022$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2021$0.02$0.03$0.03$0.03$0.02$0.03$0.03$0.02$0.02$0.02$0.02$0.11
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.06
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03
2013$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-6.70%
0
ABHYX (American Century High-Yield Municipal Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the American Century High-Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Century High-Yield Municipal Fund was 26.33%, occurring on Dec 17, 2008. Recovery took 424 trading sessions.

The current American Century High-Yield Municipal Fund drawdown is 6.70%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.33%May 9, 2007406Dec 17, 2008424Aug 25, 2010830
-17.78%Aug 6, 2021309Oct 25, 2022
-16.2%Mar 3, 202014Mar 20, 2020187Dec 15, 2020201
-9.44%May 3, 201387Sep 5, 2013184May 30, 2014271
-8.18%Oct 26, 201058Jan 18, 2011134Jul 29, 2011192

Volatility

Volatility Chart

The current American Century High-Yield Municipal Fund volatility is 0.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
0.55%
2.80%
ABHYX (American Century High-Yield Municipal Fund)
Benchmark (^GSPC)