American Century High-Yield Muni A (AYMAX)
| Fund Assets | 572.82M |
| Expense Ratio | 0.86% |
| Min. Investment | $2,500 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.94% |
| Dividend Growth | 1.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.60 |
| YTD Return | -1.50% |
| 1-Year Return | -1.21% |
| 5-Year Return | 2.10% |
| 52-Week Low | 8.32 |
| 52-Week High | 9.09 |
| Beta (5Y) | n/a |
| Holdings | 409 |
| Inception Date | Jan 31, 2003 |
About AYMAX
American Century High Yield Municipal Fund Class A is a mutual fund designed to generate a high level of current income that is generally exempt from federal income taxes. Its primary focus is on investing in high-yield municipal bonds—debt securities issued by states, municipalities, and their agencies that carry ratings below investment grade. The fund aims to provide attractive income potential, while also offering the benefit of tax-exempt distributions, making it particularly relevant for investors seeking tax-advantaged income streams. Although capital appreciation is a secondary goal, the primary objective remains current income. This fund is diversified, typically holding hundreds of municipal securities across various sectors and regions, which helps manage credit and market risks. The portfolio is actively managed by a dedicated team that seeks to balance income generation with risk oversight, given the higher default and liquidity risks associated with lower-rated municipal issuers. It serves an important role in the financial market by supporting infrastructure and public projects through municipal financing while offering investors a way to access tax-free yield within a managed product.
Performance
AYMAX had a total return of -1.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.32%.
Top 10 Holdings
14.44% of assets| Name | Symbol | Weight |
|---|---|---|
| 2 Year Treasury Note Future Sept 25 | n/a | 4.54% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.80% |
| CLIFTON TEX HIGHER ED FIN CORP ED REV 6.125% | TX.CLIEDU 6.12 08.15.2048 | 1.70% |
| PUBLIC FIN AUTH WIS REV 5.25% | WI.PUBGEN 5.25 12.01.2054 | 1.27% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 05.01.2053 | 0.89% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | NY.NYCUTL 5 06.15.2050 | 0.86% |
| METROPOLITAN TRANSN AUTH N Y REV 5.25% | NY.MTATRN 5.25 11.15.2055 | 0.86% |
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2044 | 0.85% |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH RETIREMENT CMNTY REV 5.25% | SC.SCSDEV 5.25 11.15.2028 | 0.85% |
| NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | NJ.NJSDEV 5 10.01.2047 | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03091 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03017 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02906 | Jun 30, 2025 |
| May 30, 2025 | $0.03078 | May 30, 2025 |
| Apr 30, 2025 | $0.03002 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02733 | Mar 31, 2025 |