Mutual Fund Insights: American Century CA Hi-Yld Muni A Fund (CAYAX)

In-depth Analysis of American Century CA Hi-Yld Muni A Fund (CAYAX)

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See American Century CA Hi-Yld Muni A Fund (CAYAX) performance details as of February 28, 2010

  

Last Trade: $9.30 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Steven Permut

Fund Manager Tenure: 19.7 years   [Similar Funds: CAYBX  CAYCX ]
Fundmojo Fund Grade: C (Score: 0.52)     (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 CA Hi-Yld Muni A Fund (CAYAX)

Data for American Century CA Hi-Yld Muni A Fund (CAYAX) as of February 28, 2010

• American Century CA Hi-Yld Muni A Fund (CAYAX) management has been with American Century CA Hi-Yld Muni A Fund for 19.7 years
• American Century CA Hi-Yld Muni A Fund (CAYAX) has good short-term performance (1-year return 14.61% vs 12.42 % Muni California Long category average)
• American Century CA Hi-Yld Muni A Fund (CAYAX) has good Long-term performance (5-year return 3.17% vs 2.92 % Muni California Long category average)
• American Century CA Hi-Yld Muni A Fund (CAYAX) has an annual stock turnover rate of 26.00% vs Muni California Long average of 32.82%. It is good that American Century CA Hi-Yld Muni A management does not trade extensively for its return.
• American Century CA Hi-Yld Muni A Fund (CAYAX) has a lower management fee than its Muni California Long average: 0.77% vs 1.04%

  

 What we are cautious about American Century CA Hi-Yld Muni A Fund (CAYAX)

Data for American Century CA Hi-Yld Muni A Fund (CAYAX) as of February 28, 2010

• American Century CA Hi-Yld Muni A Fund (CAYAX) has a less-than-ideal mid-term performance (3-year return 1.26% vs 1.83 % Muni California Long category average)
• American Century CA Hi-Yld Muni A Fund (CAYAX) ratio of up-years vs down years can be improved
• American Century CA Hi-Yld Muni A Fund (CAYAX) has a Morningstar rating of 3 and below
• American Century CA Hi-Yld Muni A Fund (CAYAX) is less safe compared to its Muni California Long peers
• American Century CA Hi-Yld Muni A Fund (CAYAX) does not have a good risk adjusted return as its 3-year Alpha of -3.64 is worse than category average of -3.23, and its 3-year Sharpe ratio is -0.02
• American Century CA Hi-Yld Muni A Fund (CAYAX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.57 that is higher than category average of 8.44
• American Century CA Hi-Yld Muni A Fund (CAYAX) carries a 4.5% load

See American Century CA Hi-Yld Muni A Fund (CAYAX) performance details as of February 28, 2010

  

  

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American Century CA Hi-Yld Muni A Fund (CAYAX) Net Asset

Track net asset change of American Century CA Hi-Yld Muni A fund (CAYAX)

Date	Net Asset
02/2010	$517.04M
01/2010	$100.65M
11/2009	$101.74M

More historic net asset information on American Century CA Hi-Yld Muni A Fund (CAYAX)

  

American Century CA Hi-Yld Muni A Fund (CAYAX) Portfolio Allocation

Track portfolio allocation change of American Century CA Hi-Yld Muni A fund (CAYAX)

Date	Cash	Stock	Bond	Other
09/2009	0%	0%	100%	0%
06/2009	0.2%	0%	99.8%	0%
03/2009	0.2%	0%	99.8%	0%

Click here to see more historic asset allocation information on American Century CA Hi-Yld Muni A Fund (CAYAX)

  

Most Recent Top 10 Holdings in American Century CA Hi-Yld Muni A Fund (CAYAX)

Discover what American Century CA Hi-Yld Muni A Fund (CAYAX) manager is buying

30-Sep-09 California St Univ Rev Systemwid 5% [1.91%] Palmdale Calif Wtr Dist 5% [1.84%] Shasta Lake Calif Pub Fing Aut Rev 6.25% [1.7%] Vernon Calif Elec Sys Rev Elec Sy 5.125% [1.56%] Rancho Cordova Cmnty Facs Dist 6.125% [1.55%] Folsom Calif Spl Tax Spl Tax B 6.3% [1.33%] California Statewide Cmntys De Rev 5.5% [1.33%] California St Econ Recover Double 5.25% [1.26%] Sunnyvale Calif Spl Tax Cmnty Fac 7.75% [1.2%] Puerto Rico Sales Tax Fing Cor Sales Tax [1.19%]

30-Jun-09 California St Univ Rev Systemwid 5% [1.98%] Shasta Lake Calif Pub Fing Aut Rev 6.25% [1.89%] Palmdale Calif Wtr Dist 5% [1.85%] Vernon Calif Elec Sys Rev Elec Sy 5.125% [1.6%] Folsom Calif Spl Tax Spl Tax B 6.3% [1.5%] Rancho Cordova Cmnty Facs Dist 6.125% [1.44%] California St Econ Recover Double 5.25% [1.3%] Puerto Rico Sales Tax Fing Cor Sales Tax [1.25%] Sacramento Cnty Calif Santn Di Var Sub L [1.24%] Southern Calif Pub Pwr Auth 5% [1.21%]

31-Mar-09 California St Econ Recover Econ Reco 5% [3.06%] California St Univ Rev Systemwid 5% [1.99%] Shasta Lake Calif Pub Fing Aut Rev 6.25% [1.95%] Palmdale Calif Wtr Dist 5% [1.79%] Golden St Tob Securitization C Tob 5.75% [1.77%] Chula Vista Calif Spl Tax Spec Ta 7.625% [1.7%] Folsom Calif Spl Tax Spl Tax B 6.3% [1.55%] Rancho Cordova Cmnty Facs Dist 6.125% [1.44%] California St Econ Recover Double 5.25% [1.37%] Southern Calif Pub Pwr Auth 5% [1.23%]

Click here for Stock Holding Change Map in American Century CA Hi-Yld Muni A Fund (CAYAX)

  

Related books and products to American Century CA Hi-Yld Muni A Fund (CAYAX)

  

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See more information on American Century CA Hi-Yld Muni A Fund (CAYAX)

• American Century CA Hi-Yld Muni A Fund Insights
• American Century CA Hi-Yld Muni A Fund Performance Data
• American Century CA Hi-Yld Muni A Fund News
• American Century CA Hi-Yld Muni A Fund Score Explaination
• American Century CA Hi-Yld Muni A Fund Manager Information
• Historic American Century CA Hi-Yld Muni A Fund Asset Allocation Report
• Historic American Century CA Hi-Yld Muni A Fund Top 10 Holding Tracking
• Historic American Century CA Hi-Yld Muni A Fund Asset Under Management Tracking