American Century High Yield Municipal is run by seasoned managers using improved analytic tools, but its compact team and standard process support a Morningstar Analyst Rating of Neutral for most share classes, while its most expensive is rated Negative.
American Century High-Yield Muni A AYMAX
NAV / 1-Day Return
10.51
/
0.02
%
Total Assets
917.3 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.850%
Expense Ratio
0.850%
Fee Level
Average
Longest Manager Tenure
23.31
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
5,000
Status
Open
TTM Yield
2.89%
Effective Duration
7.51
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Room to grow.
