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15 important things you should know about American Century Investments ABHYX mutual fund

Updated: Last Tuesday
71
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

Before we start: if you’re looking for ABHYX “stock” price, you can quickly find it out by visiting Finny and typing "ABHYX quote". If you’re looking for a quick scoop on ABHYX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ABHYX". You’ll get all this info in one place.

Are you looking to buy or sell ABHYX? Or perhaps you’re looking for ABHYX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ABHYX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ABHYX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ABHYX buy or sell; the pros and cons of investing in ABHYX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ABHYX.

And here is the list of questions we’ll answer:

  1. Describe American Century Municipal Trust: High-Yield Municipal Fund; Investor Class Shares (ABHYX).
  2. What are ABHYX holdings?
  3. What is ABHYX performance? What are ABHYX historical returns?
  4. How many up and down years did ABHYX have historically?
  5. What is ABHYX dividend yield?
  6. What is ABHYX minimum initial investment amount?
  7. What is ABHYX expense ratio?
  8. Does ABHYX have any sales loads or 12b-1 distribution expenses?
  9. What is ABHYX tax efficiency (tax-cost ratio)?
  10. What is ABHYX beta? How would you assess ABHYX risk?
  11. What is ABHYX Sharpe ratio?
  12. What is ABHYX Finny Score? ABHYX buy or sell?
  13. What are the pros of investing in ABHYX? What are ABHYX buy reasons?
  14. What are the cons of investing in ABHYX? What are ABHYX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Century Municipal Trust: High-Yield Municipal Fund; Investor Class Shares (ABHYX).

The Fund seeks to provide a high current income exempt from federal income taxes, with capital appreciation as a secondary objective. The Fund invests in 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.

2. What are ABHYX top holdings?

ABHYX has 0 stock holdings and 350 bond holdings.

The top 10 holdings represent 16.05% of total assets. Here are the top holdings:

Name Symbol % Assets
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% N/A 2.70%
NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% N/A 1.75%
VanEck Vectors High-Yield Municipal ETF HYD 1.72%
NEW YORK N Y 5% N/A 1.71%
CLIFTON TEX HIGHER ED FIN CORP ED REV 6.12% N/A 1.56%
Amern Century Divers Muncpl Bd ETF TAXF 1.48%
ENERGY NORTHWEST WASH ELEC REV 5% N/A 1.48%
KANSAS ST DEV FIN AUTH REV 4% N/A 1.31%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% N/A 1.20%
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 0.12% N/A 1.14%

3. What is ABHYX performance? What are ABHYX historical returns?

ABHYX has generated the following returns:

  • 1-month return is -0.24%;
  • 3-month return is 0.35%;
  • 1-year return is 1.51%;
  • 3-year return is 4.20%;
  • 5-year return is 4.54%;
  • 10-year return is 5.00%;
  • 15-year return is 4.10%.

4. How many up and down years did ABHYX have historically?

In the last 10 years, ABHYX had 9 up years and 1 down year.

ABHYX up and down years

5. What is ABHYX dividend yield?

ABHYX yield is 3.43%.

6. What is ABHYX minimum initial investment amount?

ABHYX minimum initial investment amount is $5.00K.

7. What is ABHYX expense ratio?

ABHYX expense ratio is 0.6%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ABHYX expenses

8. Does ABHYX have any sales loads or 12b-1 distribution expenses?

ABHYX 12b-1 distribution fee is 0. ABHYX front-end sales load is 0. ABHYX back-end sales load is 0.

9. What is ABHYX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.41%;
  • 3-year ax cost ratio is 0.14%.
ABHYX tax costs

10. What is ABHYX beta? How would you assess ABHYX risk?

  • 3-year beta is 1.62;
  • 5-year beta is 1.49;
  • 10-year beta is 1.34;
  • 15-year beta is 1.26.
ABHYX Beta

11. What is ABHYX Sharpe ratio?

  • 3-year Sharpe ratio is 0.41;
  • 5-year Sharpe ratio is 0.60;
  • 10-year Sharpe ratio is 0.81.
ABHYX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 71. Our quantitative analysis shows 5 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 71.

13. What are the pros of investing in ABHYX? What are ABHYX buy reasons?

The following are ABHYX strengths from our perspective:

  • <strong>ABHYX 3-year return</strong> is 4.2%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 3.96%.
  • <strong>ABHYX 5-year return</strong> is 4.54%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 3.71%.
  • <strong>ABHYX 10-year return</strong> is 5%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 3.94%.
  • <strong>ABHYX 15-year return</strong> is 4.1%, which is in line with the 15-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4.35%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in ABHYX? What are ABHYX negatives?

The following are ABHYX weaknesses from our perspective:

  • <strong>ABHYX net assets</strong> are $285.10 million. This fund is not a popular choice with retail investors.
  • <strong>ABHYX expense ratio</strong> is 0.6%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ABHYX review, we covered ABHYX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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