14 important things you should know about American Century Investments TWTIX mutual fund

Updated: June 29, 2020
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Before we start: if you’re looking for TWTIX “stock” price, you can quickly find it out by visiting Finny and typing "TWTIX quote". If you’re looking for a quick scoop on TWTIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "TWTIX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe American Century Municipal Trust: Intermediate-Term Tax-Free Bond Fund; Investor Class Shares (TWTIX).

The Fund seeks safety of principal and high current income that is exempt from federal income tax. The Fund primarily buys investment-grade debt securities and, under normal market conditions, will invest at least 80% of its assets in debt securities with interest payments exempt from federal income tax.

2. What are TWTIX top holdings?

TWTIX has 0 stock holdings and 1,622 bond holdings.

The top 9 holdings represent 4.70% of total assets. Here are the top holdings:

Name Symbol % Assets
OHIO ST WTR DEV AUTH POLLUTION CTL FACS REV 5% N/A 0.66%
WASHINGTON ST 5% N/A 0.56%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% N/A 0.53%
DETROIT MICH WTR & SEW DEPT SEW DISP SYS REV 5.25% N/A 0.52%
SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% N/A 0.52%
UNIVERSITY TEX UNIV REVS 5% N/A 0.49%
NORTH CAROLINA ST GRANT ANTIC REV 5% N/A 0.48%
DISTRICT COLUMBIA 5% N/A 0.47%
MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% N/A 0.47%

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

TWTIX has generated the following returns:

  • 1-month return is -0.51%;
  • 3-month return is -3.68%;
  • 1-year return is 0.93%;
  • 3-year return is 2.59%;
  • 5-year return is 2.41%;
  • 10-year return is 2.99%;
  • 15-year return is 3.42%.

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

In the last 10 years, TWTIX had 8 up years and 2 down years.

5. What is TWTIX dividend yield?

TWTIX yield is 2.5%.

6. What is TWTIX minimum initial investment amount?

TWTIX minimum initial investment amount is $5.00K.

7. What is TWTIX expense ratio?

TWTIX expense ratio is 0.47%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.2%;
  • 3-year ax cost ratio is 0.07%.

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

  • 3-year beta is 1.00;
  • 5-year beta is 0.96;
  • 10-year beta is 0.90;
  • 15-year beta is 0.86.

11. What is TWTIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.41;
  • 5-year Sharpe ratio is 0.39;
  • 10-year Sharpe ratio is 0.77;
  • 15-year Sharpe ratio is 0.56.

Analysis

12. What is TWTIX Finny Score? TWTIX buy or sell?

TWTIX Finny Score is 40. Our quantitative analysis shows 2 reasons to buy TWTIX and 3 reasons to sell it, resulting in the Finny Score of 40.

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

The following are TWTIX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.
  • TWTIX 15-year Beta is 0.86, which is inversely correlated with the index (BBgBarc Municipal TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are TWTIX weaknesses from our perspective:

  • TWTIX 3-year return is 2.59%, which is lower than the 3-year return of the benchmark index (S&P Intermediate National AMT Free Municipal TR USD), 3.14%.
  • TWTIX 5-year return is 2.41%, which is lower than the 5-year return of the benchmark index (S&P Intermediate National AMT Free Municipal TR USD), 2.88%.
  • TWTIX 10-year return is 2.99%, which is lower than the 10-year return of the benchmark index (S&P Intermediate National AMT Free Municipal TR USD), 3.34%.
In the TWTIX review, we covered TWTIX 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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