American Century California High-Yield Municipal is run by seasoned managers using improved tools. Nevertheless, its compact analyst team and straightforward process have not produced a clear advantage. It earns a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its most-expensive shares.
Will BCHYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BCHYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the BCHYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of BCHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.