American Century High-Yield Municipal Fund

3 / 5 Stars
3 3 3 5 3
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
A- (Buy)

U.S. News evaluated 43 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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The fund has returned 5.49 percent over the past year, 7.38 percent over the past three years, 8.53 percent over the past five years, and 4.26 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 7.7%
1 Year 5.5%
3 Years (Annualized) 7.4%
5 Years (Annualized) 8.5%
10 Years (Annualized) 4.3%

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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 are Above Average compared to funds in the same category.
American Century High-Yield Municipal Fund has an expense ratio of 0.40 percent.

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

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