ACYTX

About ACYTX

American Century California Intermediate-Term Tax-Free Bond Fund Y Class is an actively managed municipal bond mutual fund focused on generating high current income that is generally exempt from federal and California state income taxes. The portfolio invests at least 80% of assets in California municipal securities, primarily investment‑grade bonds, targeting an intermediate duration profile that typically ranges from four to six years to balance income with interest‑rate sensitivity. The fund distributes income monthly and is designed for investors seeking tax-advantaged cash flow tied to California’s public finance ecosystem, including sectors such as local government, education, housing, and essential services infrastructure. Managed by American Century, the strategy may allocate up to 20% to securities whose interest could be taxable or subject to the alternative minimum tax, and outcomes can be influenced by California’s fiscal and economic conditions. The Y Class emphasizes cost efficiency with a low net expense ratio and institutional distribution, positioning the fund as a specialized vehicle for accessing diversified, intermediate-term California muni exposure with a focus on credit quality and tax efficiency.