American Century High-Yield Municipal Fund

Scorecard
2 / 5 Stars
Lipper
1 1 2 3 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B (Buy)

U.S. News evaluated 41 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -2.97 percent over the past year, 6.60 percent over the past three years, 7.73 percent over the past five years, and 2.75 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 4.4%
1 Year -3.0%
3 Years (Annualized) 6.6%
5 Years (Annualized) 7.7%
10 Years (Annualized) 2.8%

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Summary

The investment seeks high current income that is exempt from federal income taxes; capital appreciation is a secondary consideration. The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund's assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax. The fund is non-diversified.

Fees

Fees are High compared to funds in the same category.
American Century High-Yield Municipal Fund has an expense ratio of 1.60 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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