American Century California High Yield Municipal Fund A Class (CAYAX)
| Fund Assets | 1.60B |
| Expense Ratio | 0.75% |
| Min. Investment | $5,000 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.48% |
| Dividend Growth | 2.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.18 |
| YTD Return | 1.19% |
| 1-Year Return | 4.13% |
| 5-Year Return | 1.33% |
| 52-Week Low | 9.32 |
| 52-Week High | 10.19 |
| Beta (5Y) | n/a |
| Holdings | 648 |
| Inception Date | Jan 31, 2003 |
About CAYAX
American Century California High-Yield Municipal Fund A Class is a municipal bond mutual fund focused on generating high current income that is generally exempt from both federal and California state income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by the state of California and its municipalities, with an emphasis on high-yield (below investment grade) bonds. This approach enables the fund to offer higher yields compared to traditional investment-grade municipal bond funds, while accepting increased credit and default risk as a trade-off. By concentrating on California-issued municipal debt, the fund is particularly relevant for investors seeking tax-advantaged income and who are residents of California. It plays a significant role in supporting public infrastructure projects, utilities, healthcare, and educational institutions across the state through its diversified portfolio of over 600 holdings. The fund distributes income monthly and appeals to those looking to enhance after-tax returns. However, it is sensitive to shifts in California’s economic or political climate and may also be influenced by changes in interest rates. Established in 2003, the fund is managed by American Century Investments and has a notable presence among state-specific municipal bond offerings.
Performance
CAYAX had a total return of 4.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.71%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03013 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03132 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0281 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03174 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0289 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03089 | Aug 29, 2025 |