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Morningstar

American Century High-Yield Muni A AYMAX

Morningstar Medalist Rating
Medalist Rating as of | See American Century Investment Hub
  • NAV / 1-Day Return 8.93  /  +0.14 %
  • Total Assets 600.8 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.87%
  • Effective Duration 7.86 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis AYMAX

Will AYMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AYMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AYMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AYMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still in solid standing after 2022 leadership transition.

Analyst Max Curtin

Max Curtin

Analyst

Summary

There is plenty to like about American Century High Yield Muni’s collaborative approach, but its lean credit analyst team carries a heavy coverage load, which provides pause.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings AYMAX

More AYMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.94 11.4 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

1.81 10.6 Mil
municipal

CLIFTON TEX HIGHER ED FIN CORP ED REV 6.125%

1.72 10.1 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.27 7.5 Mil
municipal

NEW YORK N Y 5%

1.24 7.3 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5.25%

0.89 5.3 Mil
municipal

CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5%

0.89 5.2 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

0.88 5.2 Mil
municipal

WASHINGTON ST 5%

0.87 5.1 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

0.86 5.1 Mil
municipal