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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q4 | Jan 23, 2026 | American Century California High-Yield Municipal Fund | 1.8% | 2.8% | BCHIX, BCHYX, CAYAX, CAYCX | California, Credit quality, energy, high yield, infrastructure, municipal bonds | Municipal bond issuance remained robust with fourth-quarter totaling $141.6 billion, particularly heavy in electric power and energy prepay sectors. Total muni issuance in 2025 topped $580 billion, a 13% increase compared with 2024. Infrastructure needs, higher building costs and more refunding are expected to drive continued robust municipal bond issuance. Issuance was particularly heavy in the electric power and energy prepay sectors during the fourth quarter. The portfolio benefited from positioning in the energy prepay sector through security selection. Regulatory easing may help public power and utilities bonds as fiscal policies unfold. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||