High Yield Municipal Fund Quote

ABHYX Fund  USD 8.70  0.03  0.34%   

Performance

6 of 100

 
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Modest

Odds Of Distress

Less than 20

 
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Low
High-yield Municipal is trading at 8.70 as of the 20th of April 2024; that is -0.34% down since the beginning of the trading day. The fund's open price was 8.73. High-yield Municipal has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for High Yield Municipal Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2024 and ending today, the 20th of April 2024. Click here to learn more.
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 percent of the funds net assets in municipal securities with interest payments exempt from federal income tax. More on High Yield Municipal Fund

Moving together with High-yield Mutual Fund

  0.72TWADX Value Fund APairCorr
  0.79TWCCX Ultra Fund CPairCorr
  0.78TWCAX Select Fund APairCorr
  0.78TWCIX Select Fund InvestorPairCorr
  0.8TWCGX Growth Fund InvestorPairCorr

High-yield Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. High-yield Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding High-yield Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationAmerican Century Investments Funds, Large Funds, High Yield Muni Funds, High Yield Muni, American Century Investments, Large, High Yield Muni (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date1st of October 2022
Fiscal Year EndMay
High Yield Municipal Fund [ABHYX] is traded in USA and was established 20th of April 2024. High-yield Municipal is listed under American Century Investments category by Fama And French industry classification. The fund is listed under High Yield Muni category and is part of American Century Investments family. This fund presently has accumulated 672.37 M in assets under management (AUM) with no minimum investment requirementsHigh Yield Municipal is currently producing year-to-date (YTD) return of 0.89% with the current yeild of 0.0%, while the total return for the last 3 years was -1.36%.
Check High-yield Municipal Probability Of Bankruptcy

Instrument Allocation

Top High Yield Municipal Fund Mutual Fund Constituents

HYDVanEck High YieldEtfHigh Yield Muni
TAXFAmerican Century DiversifiedEtfMuni National Interm
More Details

High-yield Municipal Target Price Odds Analysis

Based on a normal probability distribution, the odds of High-yield Municipal jumping above the current price in 90 days from now is about 70.66%. The High Yield Municipal Fund probability density function shows the probability of High-yield Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon High Yield Municipal Fund has a beta of -0.019. This suggests as returns on the benchmark increase, returns on holding High-yield Municipal are expected to decrease at a much lower rate. During a bear market, however, High Yield Municipal Fund is likely to outperform the market. Additionally, high Yield Municipal Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 8.7HorizonTargetOdds Above 8.7
28.31%90 days
 8.70 
70.66%
Based on a normal probability distribution, the odds of High-yield Municipal to move above the current price in 90 days from now is about 70.66 (This High Yield Municipal Fund probability density function shows the probability of High-yield Mutual Fund to fall within a particular range of prices over 90 days) .

High Yield Municipal Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. High-yield Municipal market risk premium is the additional return an investor will receive from holding High-yield Municipal long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in High-yield Municipal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although High-yield Municipal's alpha and beta are two of the key measurements used to evaluate High-yield Municipal's performance over the market, the standard measures of volatility play an important role as well.

High-yield Municipal Against Markets

Picking the right benchmark for High-yield Municipal mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in High-yield Municipal mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for High-yield Municipal is critical whether you are bullish or bearish towards High Yield Municipal Fund at a given time. Please also check how High-yield Municipal's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in High-yield Municipal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy High-yield Mutual Fund?

Before investing in High-yield Municipal, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in High-yield Municipal. To buy High-yield Municipal fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of High-yield Municipal. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase High-yield Municipal fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located High Yield Municipal Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased High Yield Municipal Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as High Yield Municipal Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in High Yield Municipal Fund?

The danger of trading High Yield Municipal Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of High-yield Municipal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than High-yield Municipal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile High Yield Municipal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in High Yield Municipal Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Please note, there is a significant difference between High-yield Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if High-yield Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High-yield Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.