CAYCX – American Century CA High Yield Muni C Investment Strategy | Morningstar

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Strategy

The investment seeks high current income that is exempt from federal and California income taxes. The fund invests at least 80% of its net assets in municipal securities with income payments exempt from federal and California income taxes. It invests in California 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, or determined by the investment advisor to be of similar quality. The portfolio managers also may buy unrated securities if they determine such securities meet the investment objectives of the fund.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BCHYX	American Century California High Yield Municipal Fund Investor Class	No Load	Open			Dec 30, 1986	$693.20M	0.500%	Below Average	$2,500	−$21.08M
BCHIX	American Century California High Yield Municipal Fund I Class	Institutional	Open			Mar 1, 2010	$805.35M	0.300%	Low	$5M	$42.92M
ACYHX	American Century California High Yield Municipal Fund Y Class	Institutional	Open			Apr 10, 2017	$6.27M	0.270%	Low	$0	−$18.78M
CAYAX	American Century California High Yield Municipal Fund A Class	Front Load	Open			Jan 31, 2003	$53.88M	0.750%	Below Average	$2,500	$8.17M
CAYCX	American Century California High Yield Municipal Fund Class C	Level Load	Open			Jan 31, 2003	$8.37M	1.500%	Average	$2,500	−$3.32M

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