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
| ISIN | US0249348048 |
|---|---|
| CUSIP | 024934804 |
| Issuer | American Century Investments |
| Inception Date | Mar 30, 1998 |
| Category | High Yield Muni |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
ABHYX features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ABHYX vs. PRTAX, ABHYX vs. ETGAX, ABHYX vs. WTCOX, ABHYX vs. ^SP500TR
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.
Returns By Period
American Century High-Yield Municipal Fund had a return of 5.63% year-to-date (YTD) and 13.52% in the last 12 months. Over the past 10 years, American Century High-Yield Municipal Fund had an annualized return of 3.40%, while the S&P 500 had an annualized return of 10.92%, indicating that American Century High-Yield Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.63% | 19.77% |
| 1 month | -1.20% | -0.67% |
| 6 months | 3.87% | 10.27% |
| 1 year | 13.52% | 31.07% |
| 5 years (annualized) | 1.62% | 13.22% |
| 10 years (annualized) | 3.40% | 10.92% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.94% | 0.60% | 0.69% | -1.34% | 0.61% | 2.17% | 1.03% | 0.71% | 1.44% | -1.30% | 5.63% | ||
| 2023 | 3.67% | -2.92% | 1.52% | 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% | -2.40% | -5.53% | -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% | 0.10% | 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% | 1.79% | 0.10% | 0.73% | 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% | 0.37% | -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% |
| 2013 | 0.76% | 0.43% | -0.29% | 1.16% | -0.93% | -4.15% | -1.72% | -2.30% | 2.11% | 0.93% | -0.41% | -0.63% | -5.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ABHYX is 78, placing it in the top 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
American Century High-Yield Municipal Fund provided a 4.20% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.35 | $0.32 | $0.38 | $0.34 | $0.38 | $0.37 | $0.35 | $0.33 | $0.37 | $0.39 | $0.39 |
Dividend yield | 4.20% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.31 | |
| 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 |
| 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 | $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.
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 3.28%.
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 current American Century High-Yield Municipal Fund volatility is 1.38%, 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.