American Century High-Yield Municipal Fund (ABHYX)
The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund's net assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.
Fund Info
US0249348048
024934804
Mar 30, 1998
$2,500
Expense Ratio
ABHYX has an expense ratio of 0.59%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
American Century High-Yield Municipal Fund (ABHYX) returned -2.49% year-to-date (YTD) and 0.87% over the past 12 months. Over the past 10 years, ABHYX returned 2.92% annually, underperforming the S&P 500 benchmark at 10.78%.
ABHYX
-2.49%
0.83%
-2.55%
0.87%
2.52%
2.92%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of ABHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.36% | 1.26% | -1.80% | -1.83% | -0.47% | -2.49% | |||||||
| 2024 | 0.94% | 0.60% | 0.69% | -1.34% | 0.61% | 2.17% | 1.03% | 0.70% | 1.44% | -1.31% | 1.72% | -1.53% | 5.79% |
| 2023 | 3.67% | -2.92% | 1.53% | -0.00% | -0.51% | 1.27% | -0.03% | -1.39% | -3.63% | -1.83% | 7.00% | 2.69% | 5.51% |
| 2022 | -2.51% | -0.75% | -3.38% | -3.28% | 1.37% | -3.04% | 3.41% | -2.39% | -5.54% | -2.04% | 5.18% | -0.44% | -13.08% |
| 2021 | 1.49% | -1.04% | 0.94% | 1.56% | 0.78% | 1.25% | 0.67% | -0.12% | -0.92% | -0.48% | 1.35% | 0.27% | 5.85% |
| 2020 | 1.89% | 1.94% | -9.25% | -3.33% | 4.21% | 3.62% | 2.27% | 0.06% | -0.11% | 0.09% | 2.12% | 1.82% | 4.68% |
| 2019 | 0.52% | 0.64% | 2.20% | 0.51% | 1.66% | 0.49% | 0.70% | 2.00% | -0.51% | 0.09% | 0.38% | 0.39% | 9.40% |
| 2018 | -0.62% | -0.30% | 0.63% | 0.11% | 1.26% | 0.33% | 0.30% | 0.34% | -0.53% | -1.12% | 0.26% | 0.84% | 1.48% |
| 2017 | 0.63% | 1.07% | 0.74% | 0.95% | 1.80% | 0.09% | 0.74% | 1.04% | 0.10% | 0.41% | 0.30% | 1.04% | 9.28% |
| 2016 | 1.14% | 0.11% | 0.82% | 1.02% | 0.81% | 2.03% | 0.17% | 0.38% | -0.33% | -1.25% | -5.09% | 0.85% | 0.47% |
| 2015 | 1.83% | -0.61% | 0.45% | -0.40% | -0.07% | -0.61% | 0.76% | 0.42% | 0.75% | 0.53% | 0.66% | 1.27% | 5.05% |
| 2014 | 2.33% | 2.06% | 0.48% | 1.03% | 1.78% | -0.30% | 0.25% | 1.88% | 0.34% | 0.67% | 0.34% | 1.00% | 12.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABHYX is 27, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Century High-Yield Municipal Fund (ABHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
American Century High-Yield Municipal Fund provided a 4.39% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.35 | $0.32 | $0.38 | $0.34 | $0.38 | $0.37 | $0.35 | $0.33 | $0.37 | $0.39 |
Dividend yield | 4.39% | 4.24% | 4.02% | 3.74% | 3.73% | 3.35% | 3.79% | 3.90% | 3.62% | 3.61% | 3.93% | 4.14% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 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 | $0.35 |
| 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 | $0.32 |
| 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 | $0.38 |
| 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 | $0.34 |
| 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 | $0.38 |
| 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 | $0.37 |
| 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 | $0.35 |
| 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 | $0.33 |
| 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 | $0.37 |
| 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 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 5.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.33% | May 9, 2007 | 406 | Dec 17, 2008 | 424 | Aug 25, 2010 | 830 |
| -17.78% | Aug 6, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -16.2% | Mar 3, 2020 | 14 | Mar 20, 2020 | 187 | Dec 15, 2020 | 201 |
| -9.44% | May 3, 2013 | 87 | Sep 5, 2013 | 184 | May 30, 2014 | 271 |
| -8.18% | Oct 26, 2010 | 58 | Jan 18, 2011 | 134 | Jul 29, 2011 | 192 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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