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American Century High-Yield Muni A (AYMAX)

9.11 0.00(0.00%) Apr 17
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Profile as of Mar 30, 2014Get Profile for:
American Century High-Yield Muni A
American Century Municipal Trust4500 Main StreetKansas City, MO 64111
Phone: 800-345-2021
Fund Overview 
Category:High Yield Muni
Fund Family:American Century Investments
Net Assets:338.77M
Year-to-Date Return:4.85%
Morningstar Rating:2 stars
Fund Inception Date:Jan 31, 2003
Morningstar Style Box 
High Yield Muni
[View Category Definition]
View Top High Yield Muni Funds
About the Morningstar Style Box
Management Information 
Alan M. Kruss
Lead Manager since Jan 1, 2012
Mr. Kruss, Portfolio Manager, has been a member of the team that manages Government Agency Money Market since November 2001. He joined American Century in 1997 as an Investment Administrator. In 2000, he was named Fixed Income Trader and in 2001, he was named Portfolio Manager. He has a bachelor's degree in finance from San Francisco State University.
Investment Information 
Min Initial Investment:5,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:5,000
Min Subsequent Investment:50
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:50
AYMAX can be purchased from 86 brokerages.

Fund Summary 
The investment seeks high current income that is exempt from federal income taxes; capital appreciation is a secondary consideration. The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80% of the fund's assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax. The fund is non-diversified.

Fund Operations 
Last Dividend (Mar 30, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Apr 16, 2014) : 111.00%
Average for Category:26.81%
Fees & Expenses 
ExpenseAYMAXCategory Avg
Annual Report Expense Ratio (net):0.85%0.99%
Prospectus Net Expense Ratio:0.85%N/A
Prospectus Gross Expense Ratio:0.85%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:4.50%3.83%
Max Deferred Sales Load: N/A2.26%
3 Yr Expense Projection*:709551
5 Yr Expense Projection*:901809
10 Yr Expense Projection*:1,4521,525
* Per $10,000 invested