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ABHMX American High-Income Municipal Bond B

  • Fund
  • ABHMX
  • Price as of: Apr 10, 2017
  • $15.50
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Municipal Bonds

ABHMX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $4.9 B
  • Holdings in Top 10 6.7%

52 WEEK LOW AND HIGH

$15.50
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2009-04-21

STANDARD (TAXABLE)

$250

IRA

N/A

Investment Themes

CATEGORY

High Yield Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.36%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American High-Income Municipal Bond Fund®
  • Fund Family Name American Funds
  • Inception Date Mar 15, 2000
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Chad M. Rach

Fund Description

Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and may subject the investors to alternative minimum tax. It may invest, without limitation, in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below.

ABHMX - Performance

Return Ranking - Trailing

Period ABHMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -1.9% 5.2% 12.41% 1
1 Yr 0.6% -9.1% 12.2% 95.21% 5
3 Yr 4.6% * 0.2% 8.8% 45.83% 3
5 Yr 4.7% * -0.7% 7.4% 58.52% 3
10 Yr 3.6% * 2.7% 6.5% 92.66% 5

* Annualized


Return Ranking - Calendar

Period ABHMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -2.2% -6.7% 8.6% 62.76% 5
2016 0.3% -6.7% 2.4% 2.08% 1
2015 9.3% -2.0% 13.1% 2.08% 1
2014 -7.5% -12.2% 13.1% 62.77% 5
2013 9.4% -13.7% 12.2% 1.64% 1

Total Return Ranking - Trailing

Period ABHMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -100.0% 5.2% 11.72% 1
1 Yr -4.2% -8.3% 9.2% 97.95% 5
3 Yr 3.4% * 0.4% 8.8% 63.89% 4
5 Yr 4.3% * 1.5% 7.4% 62.22% 4
10 Yr 3.6% * 2.7% 6.5% 91.74% 5

* Annualized


Total Return Ranking - Calendar

Period ABHMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -2.2% -4.4% 8.6% 62.76% 5
2016 0.3% -5.0% 4.3% 4.86% 1
2015 9.3% -2.0% 19.5% 2.08% 1
2014 -7.5% -11.4% 20.0% 65.69% 5
2013 9.4% -13.7% 17.7% 2.46% 1

NAV & Total Return History

ABHMX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

ABHMX Category Low Category High ABHMX % Rank Quintile
Net Assets 4.9 B 152 K 17 B 6.80% 1
Number of Holdings 1764 50 3104 3.40% 1
Net Assets in Top 10 321 M -34.9 M 2.06 B 8.16% 1
Weighting of Top 10 6.7% 4.9% 36.9% 33.33% 5

Top 10 Holdings

  1. Buckeye Ohio Tob Settlement Fi To 5.875% 1.63%
  2. Michigan Tob Settlement Fin Au Tobacc 6% 1.12%
  3. Colorado St Gen Fd Rev General F 2% 1.04%
  4. Brazos Riv Tex Hbr Nav Dist 5.95% 0.54%
  5. Tobacco Settlement Fing Corp N Asset 5% 0.42%
  6. Puerto Rico Comwlth Aqueduct & Swr 5.25% 0.41%
  7. Wisconsin Hsg & Econ Dev A Rev Bds 3.5% 0.39%
  8. Massachusetts Edl Fing Auth 3.5% 0.39%
  9. New Jersey Econ Dev Auth 5.25% 0.36%
  10. Texas St Tpk Auth 0.36%

Asset Allocation

Weighting Category Low Category High ABHMX % Rank Quintile
Bonds
98.38% 77.89% 105.44% 21.77% 4
Cash
1.62% -5.44% 22.11% 9.52% 1
Stocks
0.00% 0.00% 2.97% 4.08% 5
Preferred Stocks
0.00% 0.00% 0.39% 1.36% 5
Other
0.00% -0.92% 3.26% 8.16% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 5

Bond Sector Breakdown

Weighting Category Low Category High ABHMX % Rank Quintile
Municipal
97.17% 90.16% 104.02% 25.17% 5
Cash & Equivalents
1.62% -5.44% 22.10% 9.52% 1
Government
1.22% -8.50% 7.10% 2.04% 1
Derivative
0.00% -4.18% 0.06% 2.04% 5
Securitized
0.00% 0.00% 0.08% 1.36% 5
Corporate
0.00% 0.00% 1.69% 10.20% 5

Bond Geographic Breakdown

Weighting Category Low Category High ABHMX % Rank Quintile
US
98.38% 74.69% 102.07% 14.97% 3
Non US
0.00% -0.14% 11.88% 22.45% 5

ABHMX - Expenses

Operational Fees

ABHMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.38% 0.27% 44.43% 21.09% 4
Management Fee 0.30% 0.00% 0.75% 13.61% 1
12b-1 Fee 0.99% 0.00% 1.00% 1.80% 4
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

ABHMX Fees (% of AUM) Category Low Category High ABHMX Rank Quintile
Front Load N/A 1.00% 4.75% N/A N/A
Deferred Load 5.00% 0.60% 5.50% 3.64% 5

Trading Fees

ABHMX Fees (% of AUM) Category Low Category High ABHMX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABHMX Fees (% of AUM) Category Low Category High ABHMX Rank Quintile
Turnover 21.00% 3.00% 172.00% 17.69% 2

ABHMX - Distributions

Dividend Yield Analysis

ABHMX Category Low Category High ABHMX % Rank Quintile
Dividend Yield 0.5% 0.16% 0.96% 18.18% 1

Dividend Distribution Analysis

ABHMX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABHMX Category Low Category High ABHMX % Rank Quintile
Net Income Ratio 3.36% 1.39% 5.74% 51.02% 4

Capital Gain Distribution Analysis

ABHMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

ABHMX - Managers

Chad M. Rach

Manager

Start Date

Oct 01, 2011

Tenure

5.5

Tenure Rank

16.9%

Primary title with Capital Research and Management Company, Senior Vice President and Capital Fixed Income Investors. Rach is a portfolio manager with Strong, where he started in March 2000 as a fixed income analyst. Prior to this, he was assistant vice president with both Robert W. Baird & Co. and Miller & Schroeder Financial. He also worked as Director of Community Development for the city of Glendale, WI.


Karl J. Zeile

Manager

Start Date

Nov 01, 2004

Tenure

12.42

Tenure Rank

6.7%

Zeile is the vice president and director of Capital Research Company Investment. He began his professional career 14 years ago; 6 years with Capital Research and Management Company or affiliate.


Neil L. Langberg

Manager

Start Date

Sep 26, 1994

Tenure

22.53

Tenure Rank

0.8%

Langberg is a vice president with Capital Research and Management Company, his employer since 1978.


Tenure Analysis

Category Low

0.0

Category High

29.5

Category Average

8.24

Category Mode

3.5