Morningstar

American Century CA High Yield Muni A CAYAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Century Investment Hub

Morningstar’s Analysis CAYAX

Will CAYAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CAYAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CAYAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CAYAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still in solid standing after 2022 leadership transition.

Analyst Max Curtin

Max Curtin

Analyst

Summary

There is plenty to like about American Century California High Yield Municipal’s collaborative approach, but its lean credit analyst team carries a heavy coverage load, which provides pause.

by Max Curtin
Rated on Published on

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