Mutual Fund Insights: American Century Tax-Free Bond Inst Fund (AXBIX)

In-depth Analysis of American Century Tax-Free Bond Inst Fund (AXBIX)

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See American Century Tax-Free Bond Inst Fund (AXBIX) performance details as of February 28, 2010

  

Last Trade: $11.06 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Steven Permut

Fund Manager Tenure: 2.0 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Permut is a Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1987. He became a portfolio manager in 1990. He has shared primary responsibility for the management of the fund since 2006, and has served on teams managing fixed-income investments since joining the advisor. Permut is a member of the National Federation of Municipal Analysts, and the chairman of the California Society of Municipal Analysts.  Get more insights on Steven Permut

  

 What we like about American Century Tax-Free Bond Inst Fund (AXBIX)

Data for American Century Tax-Free Bond Inst Fund (AXBIX) as of February 28, 2010

• American Century Tax-Free Bond Inst Fund (AXBIX) has good mid-term performance (3-year return 4.89% vs 4.00 % Muni National Interm category average)
• American Century Tax-Free Bond Inst Fund (AXBIX) has good Long-term performance (5-year return 4.47% vs 3.70 % Muni National Interm category average)
• American Century Tax-Free Bond Inst Fund (AXBIX) ratio of up-years vs down years is greater than 2
• American Century Tax-Free Bond Inst Fund (AXBIX) has a Morningstar rating of 4 and above
• American Century Tax-Free Bond Inst Fund (AXBIX) has an annual stock turnover rate of 37.00% vs Muni National Interm average of 42.33%. It is good that American Century Tax-Free Bond Inst management does not trade extensively for its return.
• American Century Tax-Free Bond Inst Fund (AXBIX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.97, lower than category average of 5.39
• American Century Tax-Free Bond Inst Fund (AXBIX) has a lower management fee than its Muni National Interm average: 0.29% vs 0.90%
• American Century Tax-Free Bond Inst Fund (AXBIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about American Century Tax-Free Bond Inst Fund (AXBIX)

Data for American Century Tax-Free Bond Inst Fund (AXBIX) as of February 28, 2010

• American Century Tax-Free Bond Inst Fund (AXBIX) management has been with American Century Tax-Free Bond Inst Fund for only 2.0 years, it is hard to judge manager's ability based on this fund's operation record
• American Century Tax-Free Bond Inst Fund (AXBIX) has a less-than-ideal short-term performance (1-year return 8.70% vs 9.19 % Muni National Interm category average)

See American Century Tax-Free Bond Inst Fund (AXBIX) performance details as of February 28, 2010

  

  

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American Century Tax-Free Bond Inst Fund (AXBIX) Net Asset

Track net asset change of American Century Tax-Free Bond Inst fund (AXBIX)

Date	Net Asset
02/2010	$1.76B
01/2010	$174.84M
11/2009	$162.82M

More historic net asset information on American Century Tax-Free Bond Inst Fund (AXBIX)

  

American Century Tax-Free Bond Inst Fund (AXBIX) Portfolio Allocation

Track portfolio allocation change of American Century Tax-Free Bond Inst fund (AXBIX)

Date	Cash	Stock	Bond	Other
09/2009	1.85%	0%	98%	0.14%
06/2009	2.38%	0%	97.47%	0.16%
03/2009	2.9%	0%	97.1%	0%

Click here to see more historic asset allocation information on American Century Tax-Free Bond Inst Fund (AXBIX)

  

Most Recent Top 10 Holdings in American Century Tax-Free Bond Inst Fund (AXBIX)

Discover what American Century Tax-Free Bond Inst Fund (AXBIX) manager is buying

30-Sep-09 Pennsylvania St Go Ref Bd 5% [1.15%] California St Go Bds 5.75% [1.15%] Pittsburgh Pa Go Ref Bd 5.25% [1.12%] New Jersey St Transn Tr Fd Aut Tra 5.25% [1.11%] Metropolitan Pier & Exposition Rev Bds [0.98%] Puerto Rico Comwlth Aqueduct & Rev Bd 5% [0.86%] Massachusetts St Health & Edl Rev 5.75% [0.77%] Maryland St Cap Impt 5.25% [0.76%] New York St Loc Govt Assistanc Ref Bd 5% [0.75%] Pennsylvania St Tpk Commn Tpk Sub 5.25% [0.74%]

30-Jun-09 Pittsburgh Pa Go Ref Bd 5.25% [1.24%] New Jersey St Transn Tr Fd Aut Tra 5.25% [1.17%] Metropolitan Pier & Exposition Rev Bds [1%] Puerto Rico Comwlth Aqueduct & Rev Bd 5% [0.96%] Maryland St Cap Impt 5.25% [0.86%] Massachusetts St Health & Edl Rev 5.75% [0.84%] Massachusetts St G.O Bds 5.5% [0.84%] Minnesota St Go St Var 5% [0.84%] New York St Loc Govt Assistanc Ref Bd 5% [0.83%] Engy Northwest Wash Elec Rev Rev Bds 6% [0.81%]

31-Mar-09 Pittsburgh Pa Go Ref Bd 5.25% [1.4%] New Jersey St Transn Tr Fd Aut Tra 5.25% [1.3%] Puerto Rico Comwlth Aqueduct & Rev Bd 5% [1.05%] Maryland St Cap Impt 5.25% [0.96%] Massachusetts St G.O Bds 5.5% [0.94%] Minnesota St Go St Var 5% [0.94%] MASSACHUSETTS ST HEALTH & EDL REV BDS [0.93%] Maryland St Go Bds 5% [0.9%] Engy Northwest Wash Elec Rev Rev Bds 6% [0.9%] California St Dept Wtr Res Cent Vy Pr 5% [0.89%]

Click here for Stock Holding Change Map in American Century Tax-Free Bond Inst Fund (AXBIX)

  

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See more information on American Century Tax-Free Bond Inst Fund (AXBIX)

• American Century Tax-Free Bond Inst Fund Insights
• American Century Tax-Free Bond Inst Fund Performance Data
• American Century Tax-Free Bond Inst Fund News
• American Century Tax-Free Bond Inst Fund Score Explaination
• American Century Tax-Free Bond Inst Fund Manager Information
• Historic American Century Tax-Free Bond Inst Fund Asset Allocation Report
• Historic American Century Tax-Free Bond Inst Fund Top 10 Holding Tracking
• Historic American Century Tax-Free Bond Inst Fund Asset Under Management Tracking