American Century Investments High Yield Municipal Fund Investor ClassABHYX

9.30
0.00 / 0.00%
8.72 - 9.32+1.36
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Sep 19 2014.

Total returns on $10,000

As of Aug 31 2014.Fund performance

Objective

The investment seeks high current income that is exempt from federal income taxes; capital appreciation is a secondary consideration. 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 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. The fund is non-diversified.

Profile

Fund typeOpen Ended Investment Company
Investment style (bonds)
Credit Quality: Low
Interest-Rate Sensitivity: Ext
Morningstar categoryHigh Yield Muni
Launch date31/03/1998
Price currencyUSD
DomicileUnited States
SymbolABHYX
Manager & start date
Steven Permut
31/03/1998
Alan Kruss
01/01/2012
Joseph Gotelli
01/01/2012

Investment

Pricing frequencyDaily
Total net assets
240.23m USDAs of Aug 31 2014
Net expense ratio0.60%
Front end load--
Deferred load--
Redemption fee--
Min. initial investment5,000 USD
Min. additional investment50.00 USD
Initial IRA--
Additional IRA--
Available for saleUnited States

Diversification

Asset type

US bond
105.09%
Cash
0.81%
Other
0.00%
Non-US stock
0.00%
US stock
0.00%
Non-US bond
-5.90%

Top 5 sectors

Municipal Tax-Exempt
105.09%
Cash & Equivalents
0.81%

Top 5 Regions

Regional weighting data is unavailable.

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change
Portfolio
weight
Short
allocation
Long
allocation
Us Long Bond(Cbt) Sep14 Xcbt 20140919---5.90%
Illinois St Go Ref Bd 5%--1.39%
Guam Govt Go Bds 7%--1.31%
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5%--1.28%
Detroit Mich Wtr & Sew Dept Se Rev 5.25%--1.15%
Data delayed at least 15 minutes, as of Jun 30 2014.Top 10 holdings

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

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