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American Century High-Yield Muni Inv (ABHYX) Fund Ranking and Research

Ranking, Research and Recommendation of American Century High-Yield Muni Inv (ABHYX) Fund

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Graph of American Century High-Yield Muni Inv Fund (ABHYX) ManagerFund Manager - Alan M. Kruss

Fund Manager Information

Fund Manager Tenure: 7.9 years
Fund Family: American Century Investments
Fund Category: High Yield Muni
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.66)     (What does this score mean?)
Mr. Kruss, Portfolio Manager, has been a member of the team that manages Government Agency Money Market since November 2001. He joined American Century in 1997 as an Investment Administrator. In 2000, he was named Fixed Income Trader and in 2001, he was named Portfolio Manager. He has a bachelor's degree in finance from San Francisco State University.  Get more insights on Alan M. Kruss

 

Graph of American Century High-Yield Muni Inv Fund (ABHYX) ProfileAmerican Century High-Yield Muni Inv Fund (ABHYX) Profile

Fund Profile and Description

American Century High-Yield Muni Inv Fund seeks current income exempt from federal income taxes; capital appreciation is a secondary consideration. American Century High-Yield Muni Inv Fund invests at least 80% of assets in municipal securities with interest payments exempt from federal income taxes. It invests in municipal and other debt securities with an emphasis on high-yield securities. American Century High-Yield Muni Inv Fund invests primarily in long-term and intermediate-term municipal securities, but may purchase municipal securities of any duration. It is non-diversified.

 

American Century High-Yield Muni Inv (ABHYX) Fund Strength What we like about American Century High-Yield Muni Inv (ABHYX) Fund

Data for American Century High-Yield Muni Inv Fund (ABHYX) as of May 30, 2016

  • American Century High-Yield Muni Inv Fund (ABHYX) management has been with American Century High-Yield Muni Inv Fund for 7.9 years
  • American Century High-Yield Muni Inv Fund (ABHYX) has good short-term performance (1-year return 7.90% vs 7.20% High Yield Muni category median performance)
  • American Century High-Yield Muni Inv Fund (ABHYX) has good mid-term performance (3-year return 4.82% vs 4.69% High Yield Muni category median performance)
  • American Century High-Yield Muni Inv Fund (ABHYX) ratio of up-years vs down years is greater than 2
  • Asset base in American Century High-Yield Muni Inv Fund (ABHYX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • American Century High-Yield Muni Inv Fund (ABHYX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.41, lower than category average of 5.19
  • American Century High-Yield Muni Inv Fund (ABHYX) has a lower expense ratio than its High Yield Muni average: 0.60% vs 0.94%
  • American Century High-Yield Muni Inv Fund (ABHYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

American Century High-Yield Muni Inv Fund (ABHYX) Weakness What we are cautious about American Century High-Yield Muni Inv (ABHYX) Fund

Data for American Century High-Yield Muni Inv Fund (ABHYX) as of May 30, 2016

  • American Century High-Yield Muni Inv Fund (ABHYX) has a less-than-ideal Long-term performance (5-year return 7.22% vs 7.24% High Yield Muni category median performance)
  • American Century High-Yield Muni Inv Fund (ABHYX) has a Morningstar rating of 3 and below
  • American Century High-Yield Muni Inv Fund (ABHYX) has an annual stock turnover rate of 48.00% that is higher than the High Yield Muni average of 19.28%. This could mean American Century High-Yield Muni Inv is more nimble, but also signal potential high tax impact and high trading fees
See American Century High-Yield Muni Inv Fund (ABHYX) performance details as of May 30, 2016

 

What do you think?

 

Compare American Century High-Yield Muni Inv Fund (ABHYX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
American Century High-Yield Muni Inv3.947.904.827.22
American High-Income Municipal Bond A (AMHIX)3.957.345.437.81Compare
Columbia High Yield Muni Z (SRHMX)2.966.485.407.65Compare
Federated Municipal High Yield Adv F (FHTFX)3.767.205.267.52Compare

See top fund managers for High Yield Muni Category Funds

 

Compare American Century High-Yield Muni Inv Fund (ABHYX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors High-Yield Municipal ETF (HYD)4.66%8.12%4.07%
SPDR Nuveen S&P High Yield Muni Bd ETF (HYMB)4.17%7.38%4.98%

 

Graph of American Century High-Yield Muni Inv Fund (ABHYX) Net Asset TrackingAmerican Century High-Yield Muni Inv (ABHYX) Fund Net Asset

Track net asset change of American Century High-Yield Muni Inv fund (ABHYX)

DateNet Asset
05/2016$507.28M
03/2016$482.68M
02/2016$471.57M
More historic net asset information on American Century High-Yield Muni Inv Fund (ABHYX)

  

Graph of American Century High-Yield Muni Inv Fund (ABHYX) Portfolio TrackingAmerican Century High-Yield Muni Inv (ABHYX) Fund Portfolio Allocation

Track portfolio allocation change of American Century High-Yield Muni Inv fund (ABHYX)

DateCashStockBondOther
03/20161.41%0%98.59%0%
12/20151.41%0%98.59%0%
09/20150.16%0%99.54%0.3%
Click here to see more historic asset allocation information on American Century High-Yield Muni Inv Fund (ABHYX)

 

graph of American Century High-Yield Muni Inv Fund (ABHYX) Top 10 Position TrackingTop 10 Holdings in American Century High-Yield Muni Inv (ABHYX) Fund

Discover what American Century High-Yield Muni Inv Fund (ABHYX) manager is buying

Mar 30, 2016
New York N Y Go Bds 0.25% [1.44%]
Missouri St Health & Edl Facs Ed F 0.29% [1.13%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.11%]
Buckeye Ohio Tob Settlement Fi To 5.875% [0.97%]
Metropolitan Transn Auth 5% [0.94%]
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5% [0.91%]
Antelope Vy Calif Healthcare D Rev Bd 5% [0.89%]
Seattle Wash Mun Lt & Pwr Rev Rev Bds [0.77%]
Texas Private Activity Bd Surf Sr Lie 7% [0.75%]
Triborough Brdg & Tunl Auth 5% [0.74%]

Dec 30, 2015
New York Liberty Dev Corp Libe Rev Bd 5% [1.19%]
Metropolitan Transn Auth 5% [1.05%]
Buckeye Ohio Tob Settlement Fi To 5.875% [1%]
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5% [0.99%]
Missouri St Health & Edl Facs Ed F 0.03% [0.94%]
Seattle Wash Mun Lt & Pwr Rev Rev Bds [0.86%]
Texas Private Activity Bd Surf Sr Lie 7% [0.84%]
Atlanta Ga Wtr & Waste Wtr Rev Ref 6.25% [0.82%]
Triborough Brdg & Tunl Auth 5% [0.81%]
Chicago Ill O Hare Intl Arpt R Rev Bd 5% [0.8%]

Sep 29, 2015
New York Liberty Dev Corp Libe Rev Bd 5% [1.31%]
Guam Govt Go Bds 7% [1.24%]
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5% [1.1%]
Detroit Mich Wtr & Sew Dept Se Rev 5.25% [1.04%]
Us Long Bond(Cbt) Dec15 Xcbt 20151221 [1.01%]
Seattle Wash Mun Lt & Pwr Rev Rev Bds [0.97%]
Allen Cnty Ohio Hosp Facs Rev Var 0.01% [0.93%]
Atlanta Ga Wtr & Waste Wtr Rev Ref 6.25% [0.93%]
Texas Private Activity Bd Surf Sr Lie 7% [0.92%]
Oakland Calif Redev Agy Tax Alloc 5% [0.9%]
Click here for Stock Holding Change Map in American Century High-Yield Muni Inv Fund (ABHYX)

  

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