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

Updated: September 27, 2020
83
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

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

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

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

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

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

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

Fact Sheet

1. Describe American Century California Tax-Free & Municipal Funds: California High-Yield Municipal Fund; Investor Cl Shs (BCHYX).

The Fund seeks high current income that is exempt from federal and California income tax. The portfolio managers invest at least 80% of the Fund's assets in municipal securities with income payments exempt from federal and California income taxes.

2. What are BCHYX top holdings?

BCHYX has 0 stock holdings and 615 bond holdings.

The top 10 holdings represent 9.73% of total assets. Here are the top holdings:

Name Symbol % Assets
CALIFORNIA HSG FIN AGY MUN CTFS 4% N/A 1.58%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5% N/A 1.15%
GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% N/A 1.15%
SILICON VY TOB SECURITIZATION AUTH CALIF TOB SETTLEMENT REV 0.01% N/A 0.92%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK LEASE REV 5% N/A 0.86%
SAN BUENAVENTURA CALIF REV 7.5% N/A 0.85%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH HOSP REV 5% N/A 0.83%
PALOMAR HEALTH CALIF REV 5% N/A 0.82%
CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5% N/A 0.79%
ORANGE CNTY CALIF CMNTY FACS DIST SPL TAX 5% N/A 0.78%

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

BCHYX has generated the following returns:

  • 1-month return is -0.12%;
  • 3-month return is 2.48%;
  • 1-year return is 2.14%;
  • 3-year return is 4.23%;
  • 5-year return is 4.58%;
  • 10-year return is 5.18%;
  • 15-year return is 4.71%.

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

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

BCHYX up and down years

5. What is BCHYX dividend yield?

BCHYX yield is 3.23%.

6. What is BCHYX minimum initial investment amount?

BCHYX minimum initial investment amount is $5.00K.

7. What is BCHYX expense ratio?

BCHYX expense ratio is 0.5%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

BCHYX expenses

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

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

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

  • 1-year ax cost ratio is 0.24%;
  • 3-year ax cost ratio is 0.08%.
BCHYX tax costs

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

  • 3-year beta is 1.45;
  • 5-year beta is 1.40;
  • 10-year beta is 1.30;
  • 15-year beta is 1.26.
BCHYX Beta

11. What is BCHYX Sharpe ratio?

  • 3-year Sharpe ratio is 0.40;
  • 5-year Sharpe ratio is 0.60;
  • 10-year Sharpe ratio is 0.91.
BCHYX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 83. Our quantitative analysis shows 5 reasons to buy and 1 reason to sell it, resulting in the Finny Score of 83.

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

The following are BCHYX strengths from our perspective:

  • <strong>BCHYX 3-year return</strong> is 4.23%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4.2%.
  • <strong>BCHYX 5-year return</strong> is 4.58%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 3.96%.
  • <strong>BCHYX 10-year return</strong> is 5.18%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4.02%.
  • <strong>BCHYX 15-year return</strong> is 4.71%, which is higher than 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 BCHYX? What are BCHYX negatives?

The following are BCHYX weaknesses from our perspective:

  • <strong>BCHYX net assets</strong> are $978.80 million. This fund is not a popular choice with retail investors.
In the BCHYX review, we covered BCHYX 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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