0001145549-18-008223.txt : 20181114 0001145549-18-008223.hdr.sgml : 20181114 20181114154750 ACCESSION NUMBER: 0001145549-18-008223 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180831 FILED AS OF DATE: 20181114 DATE AS OF CHANGE: 20181114 EFFECTIVENESS DATE: 20181114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY CALIFORNIA TAX FREE & MUNICIPAL FUNDS CENTRAL INDEX KEY: 0000717316 IRS NUMBER: 946562826 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-CEN/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-03706 FILM NUMBER: 181183310 BUSINESS ADDRESS: STREET 1: 1665 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 8003218321 MAIL ADDRESS: STREET 1: 1665 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM CALIFORNIA TAX FREE TRUST / DATE OF NAME CHANGE: 19960815 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM CALIFORNIA TAX FREE & MUNICIPAL FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BENHAM CALIFORNIA TAX FREE TRUST DATE OF NAME CHANGE: 19910218 0000717316 S000005667 CALIFORNIA HIGH-YIELD MUNICIPAL FUND 0000717316 S000005668 CALIFORNIA INTERMEDIATE-TERM TAX-FREE BOND FUND 0000717316 S000005670 CALIFORNIA LONG-TERM TAX-FREE FUND 0000717316 S000005671 CALIFORNIA TAX-FREE MONEY MARKET FUND N-CEN/A 1 primary_doc.xml X0101 N-CEN/A 0001145549-18-007280 LIVE 0000717316 XXXXXXXX true false false N-1A S000005670 true S000005668 true S000005671 true S000005667 true American Century California Tax Free & Municipal Funds 811-03706 0000717316 549300RLZ8KCMKQ1NB10 4500 Main St Kansas City 64111 US-MO US 816-531-5575 State Street Bank and Trust Company State Street Financial Center One Lincoln Street Boston 02111 6177863000 Records relating to custody of fund assets and fund accounting JPMorgan Chase Bank 4 Metro Tech Center Brooklyn 11245 2122706000 Records relating to custody of fund assets and fund accounting American Century Investment Management, Inc. 4500 Main Street Kansas City 64111 8165315575 Records related to day-to-day portfolio management; sales literature American Century Investment Management, Inc. 1665 Charleston Road Mountain View 94043 8165315575 Records related to day-to-day portfolio management; sales literature American Century Services, LLC 4500 Main Street Kansas City 64111 8165315575 Corporate, governance, financial, and legal records; sales literature Y N N-1A 3 Y Tanya S. Beder N/A N Jeremy I. Bulow N/A N Anne Casscells N/A N Ronald J. Gilson N/A N Frederick L.A. Grauer N/A N Jonathan D. Levin N/A N Peter F. Pervere N/A N John B. Shoven N/A N Jonathan S. Thomas N/A Y Amy D. Shelton 002556023 4500 Main Street Kansas City 64111 XXXXXX N N N N N N American Century Investment Services, Inc. 8-35220 000017437 N/A Y N PricewaterhouseCoopers LLP 00238 5493002GVO7EO8RNNS37 N N N N N N N California High-Yield Municipal Fund S000005667 2IB3ZOSESOXU3XDYNH11 Y 5 0 0 N/A N N Y N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N American Century Investment Management, Inc. 801-08174 000105778 EM2U0UPRO83F878KCP52 N American Century Services, LLC 084-01406 N/A Y N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS MARKIT GROUP HOLDINGS LIMITED 2138005LTLTVZ4WMEX25 GB N Thomson Reuters Markets, LLC N/A N ITG Solutions Network, Inc. N/A N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Interactive Data Real Time Services, Inc. N/A N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Century Services, LLC 84-01406 SEC file number Y N N American Century Services, LLC 84-01406 SEC file number Y N N American Century Brokerage, Inc. 008-50034 000042846 N/A 0 American Century Investment Services, Inc. 008-35220 000017437 N/A 0 Nomura Securities International, Inc. 008-15255 000004297 OXTKY6Q8X53C9ILVV871 0 Bank of America Merrill Lynch 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 5634 5634 Bank of America Merrill Lynch 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 273658383 D.A. Davidson & Co. 008-02399 000000199 549300094RQ5A7DYLF51 23470736 Morgan Stanley 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 243852798 Citigroup Capital Markets Inc 008-08177 000007059 MBNUM2BPBDO7JBLYG310 103914768 Stiffel Nicholas Capital Markets 008-01447 000000793 5WUVMA08EYG4KEUPW589 98117637 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 64723495 Piper Jaffray 008-15204 000000665 549300GRQCWQ3XGH0H10 53199210 Jefferies LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 30072480 J.P. Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 29464504 Barclays Capital 008-41342 000019714 AC28XWWI3WIBK2824319 28349715 1241925701 Y 1120402315.84 N N N N California Intermediate-Term Tax-Free Bond Fund S000005668 549300X0KVNMMIPYYR03 Y 5 0 0 N/A N N Y N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 17a-8 (17 CFR 270.17a-8) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N American Century Investment Management, Inc. 801-08174 000105778 EM2U0UPRO83F878KCP52 N American Century Services, LLC 084-01406 N/A Y N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS MARKIT GROUP HOLDINGS LIMITED 2138005LTLTVZ4WMEX25 GB N Thomson Reuters Markets, LLC N/A N ITG Solutions Network, Inc. N/A N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Interactive Data Real Time Services, Inc. N/A N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Century Services, LLC 84-01406 SEC file number Y N N American Century Services, LLC 84-01406 SEC file number Y N N American Century Brokerage, Inc. 008-50034 000042846 N/A 0 American Century Investment Services, Inc. 008-35220 000017437 N/A 0 Nomura Securities International, Inc. 008-15255 000004297 OXTKY6Q8X53C9ILVV871 0 Bank of America Merrill Lynch 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 7551 7551 Morgan Stanley 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 469788578 Barclays Capital 008-41342 000019714 AC28XWWI3WIBK2824319 29705701 Bank of America Merrill Lynch 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 385468995 Citigroup Capital Markets Inc 008-08177 000007059 MBNUM2BPBDO7JBLYG310 263997058 Piper Jaffray 008-15204 000000665 549300GRQCWQ3XGH0H10 110987196 Stiffel Nicholas Capital Markets 008-01447 000000793 5WUVMA08EYG4KEUPW589 82220934 J.P. Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 72392541 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 51564638 Wells Fargo Securities 008-65876 000126292 VYVVCKR63DVZZN70PB21 51228893 Mesirow Corporate 008-28816 000002764 549300BIV46SUHPOFE54 42423961 1883353983 Y 1796066263.51 N N N N California Tax-Free Money Market Fund S000005671 549300SRFT7C0ERBEN86 Y 1 0 0 Money Market Fund N N Y N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) N N N N American Century Investment Management, Inc. 801-08174 000105778 EM2U0UPRO83F878KCP52 N American Century Services, LLC 084-01406 N/A Y N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS MARKIT GROUP HOLDINGS LIMITED 2138005LTLTVZ4WMEX25 GB N Thomson Reuters Markets, LLC N/A N ITG Solutions Network, Inc. N/A N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Interactive Data Real Time Services, Inc. N/A N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Century Services, LLC 84-01406 SEC file number Y N N American Century Services, LLC 84-01406 SEC file number Y N N American Century Brokerage, Inc. 008-50034 000042846 N/A 0 American Century Investment Services, Inc. 008-35220 000017437 N/A 0 Nomura Securities International, Inc. 008-15255 000004297 OXTKY6Q8X53C9ILVV871 0 0 RBC Capital Markets 008-45411 000031194 549300LCO2FLSSVFFR64 118319860 Stiffel Nicholas Capital Markets 008-01447 000000793 5WUVMA08EYG4KEUPW589 20865769 Bank of America Merrill Lynch 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 103408435 Morgan Stanley 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 63725846 Wells Fargo Securities 008-65876 000126292 VYVVCKR63DVZZN70PB21 46695892 Loop Capital Markets 008-50140 000043098 254900FPPM2WN90D4786 39802325 Citigroup Capital Markets Inc 008-08177 000007059 MBNUM2BPBDO7JBLYG310 38549177 J.P. Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 35340911 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 24653457 Barclays Capital 008-41342 000019714 AC28XWWI3WIBK2824319 24292730 614502826 Y 169179821.5 N N N N false false true false false false INTERNAL CONTROL RPT 2 nceng1aiii_independentacco.htm INTERNAL CONTROL 8.31.18 Exhibit



Report of Independent Registered Public Accounting Firm

To the Board of Trustees of American Century California Tax-Free and Municipal Funds and Shareholders of California Intermediate-Term Tax-Free Bond Fund, California High-Yield Municipal Fund and California Tax-Free Money Market Fund

In planning and performing our audits of the financial statements of California Intermediate-Term Tax-Free Bond Fund, California High-Yield Municipal Fund and California Tax-Free Money Market Fund ("the Funds") as of and for the year ended August 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds’ internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2018.

This report is intended solely for the information and use of the Board of Trustees of American Century California Tax-Free and Municipal Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.



/s/PricewaterhouseCoopers LLP
Kansas City, Missouri
October 17, 2018

1