American Century California High Yield Municipal Fund (BCHYX)
The fund invests at least 80% of its net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California municipal and other debt securities with an emphasis on high-yield securities. A high-yield security is one that has been rated below investment-grade, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund.
Fund Info
| ISIN | US0250752013 |
|---|---|
| CUSIP | 025075201 |
| Issuer | American Century Investments |
| Inception Date | Dec 29, 1986 |
| Category | Municipal Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
BCHYX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BCHYX vs. VCITX, BCHYX vs. VCAIX, BCHYX vs. CMF, BCHYX vs. JEPIX, BCHYX vs. BND, BCHYX vs. FTABX, BCHYX vs. QQQ, BCHYX vs. KMLM, BCHYX vs. VUG, BCHYX vs. VWITX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Century California 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 California High Yield Municipal Fund had a return of 3.83% year-to-date (YTD) and 11.08% in the last 12 months. Over the past 10 years, American Century California High Yield Municipal Fund had an annualized return of 3.02%, while the S&P 500 had an annualized return of 11.39%, indicating that American Century California High Yield Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.83% | 25.45% |
| 1 month | -0.40% | 2.91% |
| 6 months | 2.93% | 14.05% |
| 1 year | 11.08% | 35.64% |
| 5 years (annualized) | 1.22% | 14.13% |
| 10 years (annualized) | 3.02% | 11.39% |
Monthly Returns
The table below presents the monthly returns of BCHYX, 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 | 0.33% | 0.32% | 0.32% | -1.32% | 0.43% | 2.07% | 0.83% | 0.84% | 1.20% | -1.40% | 3.83% | ||
| 2023 | 3.42% | -2.54% | 1.79% | -0.31% | -0.64% | 1.07% | 0.29% | -1.45% | -3.70% | -2.08% | 8.14% | 2.72% | 6.34% |
| 2022 | -2.74% | -0.68% | -3.19% | -3.76% | 1.06% | -3.19% | 3.46% | -2.22% | -4.90% | -1.86% | 5.94% | -0.09% | -12.00% |
| 2021 | 1.04% | -1.37% | 0.95% | 1.26% | 0.76% | 0.59% | 0.89% | -0.16% | -0.93% | -0.27% | 1.27% | 0.14% | 4.21% |
| 2020 | 1.90% | 1.76% | -7.42% | -2.77% | 3.63% | 2.27% | 1.96% | -0.13% | 0.36% | -0.01% | 1.73% | 1.09% | 3.95% |
| 2019 | 0.48% | 0.68% | 2.00% | 0.48% | 2.18% | 0.44% | 0.74% | 2.04% | -0.48% | 0.08% | 0.18% | 0.44% | 9.64% |
| 2018 | -1.03% | -0.37% | 0.57% | -0.28% | 1.15% | 0.29% | 0.19% | 0.42% | -0.59% | -1.17% | 0.41% | 1.06% | 0.63% |
| 2017 | 0.60% | 1.09% | 0.59% | 0.88% | 1.93% | 0.01% | 0.58% | 1.05% | -0.27% | 0.29% | 0.11% | 1.33% | 8.49% |
| 2016 | 1.16% | 0.29% | 0.95% | 1.03% | 0.75% | 2.05% | -0.09% | 0.37% | -0.36% | -1.28% | -5.30% | 1.00% | 0.36% |
| 2015 | 1.95% | -0.82% | 0.41% | -0.45% | -0.26% | -0.46% | 0.80% | 0.51% | 0.80% | 0.60% | 0.69% | 1.27% | 5.12% |
| 2014 | 2.80% | 1.91% | 0.66% | 1.36% | 1.93% | -0.17% | 0.42% | 1.50% | 0.61% | 0.99% | 0.32% | 0.71% | 13.81% |
| 2013 | 0.73% | 0.33% | -0.08% | 1.29% | -1.06% | -4.00% | -1.50% | -2.04% | 2.84% | 0.88% | -0.17% | -0.27% | -3.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BCHYX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Century California High Yield Municipal Fund provided a 3.75% 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 | $0.36 | $0.33 | $0.33 | $0.34 | $0.36 | $0.36 | $0.37 | $0.37 | $0.39 | $0.40 | $0.40 |
Dividend yield | 3.75% | 3.67% | 3.43% | 2.94% | 3.07% | 3.24% | 3.50% | 3.48% | 3.61% | 3.70% | 3.87% | 4.23% |
Monthly Dividends
The table displays the monthly dividend distributions for American Century California 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 | $0.36 |
| 2022 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 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 | $0.03 | $0.36 |
| 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 | $0.36 |
| 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 | $0.37 |
| 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 | $0.37 |
| 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 | $0.39 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.40 |
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 California 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 California High Yield Municipal Fund was 17.63%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current American Century California High Yield Municipal Fund drawdown is 3.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.63% | Aug 6, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -16.82% | Jan 24, 2008 | 228 | Dec 17, 2008 | 187 | Sep 16, 2009 | 415 |
| -15.55% | Oct 18, 1993 | 286 | Nov 21, 1994 | 529 | Nov 29, 1996 | 815 |
| -14.61% | Mar 3, 2020 | 14 | Mar 20, 2020 | 198 | Dec 31, 2020 | 212 |
| -8.82% | May 3, 2013 | 87 | Sep 5, 2013 | 149 | Apr 9, 2014 | 236 |
Volatility
Volatility Chart
The current American Century California High Yield Municipal Fund volatility is 1.96%, 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.