0001145549-20-065110.txt : 20201110 0001145549-20-065110.hdr.sgml : 20201110 20201110122220 ACCESSION NUMBER: 0001145549-20-065110 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200831 FILED AS OF DATE: 20201110 DATE AS OF CHANGE: 20201110 EFFECTIVENESS DATE: 20201110 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 SEC ACT: 1940 Act SEC FILE NUMBER: 811-03706 FILM NUMBER: 201300292 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 C000015521 INVESTOR CLASS BCHYX C000015522 A CLASS CAYAX C000015524 C CLASS CAYCX C000087984 I CLASS BCHIX C000189669 Y CLASS ACYHX 0000717316 S000005668 CALIFORNIA INTERMEDIATE-TERM TAX-FREE BOND FUND C000015525 INVESTOR CLASS BCITX C000087985 I CLASS BCTIX C000087986 A CLASS BCIAX C000087987 C CLASS BCIYX C000189670 Y CLASS ACYTX 0000717316 S000005671 CALIFORNIA TAX-FREE MONEY MARKET FUND C000015528 INVESTOR CLASS BCTXX N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0000717316 XXXXXXXX true false false N-1A S000005667 C000015521 C000087984 C000189669 C000015522 C000015524 S000005668 C000015525 C000087985 C000189670 C000087986 C000087987 S000005671 C000015528 American Century California Tax-Free & Municipal Funds 811-03706 0000717316 549300RLZ8KCMKQ1NB10 4500 Main Street Kansas City 64111 US-MO US 8165315575 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 N 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. 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Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 85112128.000000000000 Wells Fargo Securities 008-65876 000126292 VYVVCKR63DVZZN70PB21 70859327.000000000000 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 57043220.000000000000 1619446563.000000000000 N 1494975747.088460000000 N N N N California Intermediate-Term Tax-Free Bond Fund S000005668 549300X0KVNMMIPYYR03 N 5 0 0 N/A N N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) 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 84-01406 N/A Y N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS MARKIT GROUP HOLDINGS LIMITED 2138005LTLTVZ4WMEX25 GB N Refinitiv US LLC 213800HQORQAP68CJJ04 N Virtu ITG Solutions Network LLC 549300S41SMIODVIT266 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 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 State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N American Century Investment Services, Inc. 8-35220 000017437 N/A 0.000000000000 0.000000000000 Bank of America Merrill Lynch 008-07221 000007691 549300HN4UKV1E2R3U73 319900692.000000000000 Raymond James 008-42071 000025853 549300QR3RXJKWZMK182 CA 52230004.000000000000 Citigroup Capital Markets Inc 008-08177 000007059 MBNUM2BPBDO7JBLYG310 201302346.000000000000 J.P. Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 126662313.000000000000 J.P. Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 119947679.000000000000 Barclays Capital 008-41342 000019714 AC28XWWI3WIBK2824319 102471396.000000000000 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 97439328.000000000000 Wells Fargo Securities 008-65876 000126292 VYVVCKR63DVZZN70PB21 73307475.000000000000 Stiffel Nicholas Capital Markets 008-01447 000000793 5WUVMA08EYG4KEUPW589 59527570.000000000000 Jefferies LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 53593014.000000000000 1464583337.000000000000 N 1987313400.899230000000 N N N N California Tax-Free Money Market Fund S000005671 549300SRFT7C0ERBEN86 N 1 0 0 Money Market Fund N N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N American Century Investment Management, Inc. 801-08174 000105778 EM2U0UPRO83F878KCP52 N American Century Services, LLC 84-01406 N/A Y N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS MARKIT GROUP HOLDINGS LIMITED 2138005LTLTVZ4WMEX25 GB N Refinitiv US LLC 213800HQORQAP68CJJ04 N Virtu ITG Solutions Network LLC 549300S41SMIODVIT266 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 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 State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N American Century Investment Services, Inc. 8-35220 000017437 N/A 0.000000000000 0.000000000000 RBC Capital Markets 008-45411 000031194 549300LCO2FLSSVFFR64 172325844.000000000000 Jefferies LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 12605878.000000000000 Bank of America Merrill Lynch 008-07221 000007691 549300HN4UKV1E2R3U73 119522811.000000000000 Citigroup Capital Markets Inc 008-08177 000007059 MBNUM2BPBDO7JBLYG310 60422964.000000000000 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 49248720.000000000000 J.P. Morgan Securities 008-35008 000000079 ZBUT11V806EZRVTWT807 47622145.000000000000 Barclays Capital 008-41342 000019714 AC28XWWI3WIBK2824319 37784629.000000000000 Loop Capital Markets 008-50140 000043098 254900FPPM2WN90D4786 32203493.000000000000 Wells Fargo Securities 008-65876 000126292 VYVVCKR63DVZZN70PB21 23099335.000000000000 Stiffel Nicholas Capital Markets 008-01447 000000793 5WUVMA08EYG4KEUPW589 12823505.000000000000 626366210.000000000000 N 152665472.014823000000 N N N N true INTERNAL CONTROL RPT 2 aciacctfmfinterctrlrpt_0831.htm INTERNAL CONTROL REPORT - 08.31.20 Document


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 High-Yield Municipal Fund, California Intermediate-Term Tax-Free Bond Fund and California Tax-Free Money Market Fund

In planning and performing our audits of the financial statements of California High-Yield Municipal Fund, California Intermediate-Term Tax-Free Bond Fund and California Tax-Free Money Market Fund (the “Funds”) as of and for the year ended August 31, 2020, 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 fund’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 fund’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 fund; (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 fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’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 fund’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, 2020.

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 16, 2020

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