American Century Investment is one of the world's leading asset management firms, providing services to both individual and institutional investors. It takes a long-term view of investments that allows it to be closely aligned to stated investment objectives. American Century has a team-managed approach and contributes a significant share of its profits to advanced medical research. Founded in 1958 by Jim Stowers, the company offers an array of products and services across a variety of asset classes. It manages over 80 no-load funds including stock, bond, asset allocation and money market funds.
Below we share with you three top-ranked American Century mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all American Century mutual funds, investors can click here to see the complete list of American Century funds.
American Century High Yield Municipal Fund Investor Class (ABHYX - Free Report) invests in municipal and debt securities, which offer high yields. The fund invests the majority of its assets in municipal securities that are free from federal income tax. Some of these securities are not exempted from federal alternative minimum tax. American Century High Yield Municipal Fund Investor Class has three-year annualized returns of 5.1%.
Alan Kruss is one of the fund managers of ABHYX since 2012.
American Century California High Yield Municipal Fund Investor Class (BCHYX - Free Report) invests the lion’s share of its assets in municipal securities which provide income exempted from Federal and California income taxes. BCHYX invests in California municipal as well as other debt securities, with special emphasis on high-yield securities. The fund also invests in unrated securities. American Century California High Yield Municipal Fund Investor Class has three-year annualized returns of 5%.
As of June 2017, BCHYX held 456 issues with 3.07% of its assets invested in Foothill / Eastern Transn Corr Ref Re.
American Century California Long-Term Tax Free Fund Investor Class invests a bulk of its assets in debt securities which provide income free from the Federal and California income taxes. BCLTX invests in those debt securities that are issued by cities, counties and other municipalities across the California and U.S. territories. The fund primarily invests in municipal securities that mature in 7 years or more. American Century California Long-Term Tax Free Fund Investor Class has three-year annualized returns of 3.4%.
BCLTX has an expense ratio of 0.47% compared with the category average of 0.85%.
To view the Zacks Rank and past performance of all American Century mutual funds, investors can click here to see the complete list of American Century funds .
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