American Century California High Yield Municipal Fund A Class (CAYAX)

Fund Assets	1.64B
Expense Ratio	0.75%
Min. Investment	$5,000
Turnover	64.00%
Dividend (ttm)	0.36
Dividend Yield	3.84%
Dividend Growth	5.65%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.51
YTD Return	0.75%
1-Year Return	6.42%
5-Year Return	-0.99%
52-Week Low	9.27
52-Week High	9.78
Beta (5Y)	0.09
Holdings	681
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.

• Fund Family: American Century Investments
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: CAYAX
• Share Class: A Class
• Index: S&P Muni Bd Cali 50%IG/50%HY TR USD

Performance

CAYAX had a total return of 6.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.73%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ACYHX	Y Class	0.27%
BCHIX	I Class	0.30%
BCHYX	Investor Class	0.50%
CAYCX	C Class	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03248	Jul 31, 2026
Jun 30, 2026	$0.03051	Jun 30, 2026
May 29, 2026	$0.030	May 29, 2026
Apr 30, 2026	$0.03133	Apr 30, 2026
Mar 31, 2026	$0.02909	Mar 31, 2026
Feb 27, 2026	$0.03035	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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