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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.08

$11 B

3.81%

$0.57

0.42%

Vitals

YTD Return

1.5%

1 yr return

7.1%

3 Yr Avg Return

0.0%

5 Yr Avg Return

2.2%

Net Assets

$11 B

Holdings in Top 10

5.0%

52 WEEK LOW AND HIGH

$15.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.08

$11 B

3.81%

$0.57

0.42%

AHMFX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.13%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AMERICAN HIGH-INCOME MUNICIPAL BOND FUND
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Aug 12, 2008
  • Shares Outstanding
    N/A
  • Share Class
    F2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chad Rach

Fund Description

In seeking to achieve its objective, the fund may accept risks to capital value deemed prudent by the fund's investment adviser to take advantage of opportunities for higher current income on municipal bonds. Municipal bonds are debt obligations that pay interest that is exempt from federal taxation, with payments made from a wide variety of sources, including governmental revenue streams and private enterprises.

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. The fund may invest, without limitation, in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. Securities rated BB+ or below and Ba1 or below are sometimes referred to as “junk bonds.”

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

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AHMFX - Performance

Return Ranking - Trailing

Period AHMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -2.5% 4.4% 51.46%
1 Yr 7.1% -2.0% 10.2% 25.73%
3 Yr 0.0%* -8.7% 2.4% 12.44%
5 Yr 2.2%* -4.5% 526.2% 9.90%
10 Yr 3.9%* 0.3% 156.1% 19.69%

* Annualized

Return Ranking - Calendar

Period AHMFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -1.5% 7.5% 19.90%
2022 -14.7% -26.9% -3.5% 21.18%
2021 1.9% -1.9% 5.6% 62.00%
2020 0.8% -10.1% 4.2% 42.93%
2019 5.1% 2.0% 9.1% 50.00%

Total Return Ranking - Trailing

Period AHMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -2.5% 4.4% 51.46%
1 Yr 7.1% -2.0% 10.2% 25.73%
3 Yr 0.0%* -8.7% 2.4% 12.44%
5 Yr 2.2%* -4.5% 526.2% 9.90%
10 Yr 3.9%* 0.3% 156.1% 19.69%

* Annualized

Total Return Ranking - Calendar

Period AHMFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% 0.4% 10.9% 28.16%
2022 -11.4% -26.9% -2.9% 18.23%
2021 5.4% -1.9% 10.0% 50.00%
2020 4.1% -4.1% 8.2% 35.35%
2019 9.2% 3.5% 1028633.9% 39.06%

NAV & Total Return History


AHMFX - Holdings

Concentration Analysis

AHMFX Category Low Category High AHMFX % Rank
Net Assets 11 B 9.07 K 15.9 B 4.35%
Number of Holdings 3033 1 3033 1.94%
Net Assets in Top 10 515 M -102 M 3.44 B 18.45%
Weighting of Top 10 4.99% 5.0% 100.7% 99.51%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE 0.0% 07-01-46 0.66%
  2. COMMONWEALTH OF PUERTO RICO 0.0% 11-01-51 0.65%
  3. PUERTO RICO HIGHWAY TRANSPORTATION AUTHORITY 0.0% 07-01-53 0.55%
  4. PUERTO RICO COMMONWEALTH AQUEDUCT SEWER AUTHORITY 4.0% 07-01-42 0.53%
  5. TREASURY BILL 0.0% 11-16-23 0.48%
  6. BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 0.44%
  7. UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT AJL PROJECT AREA 4.375% 06-01-52 0.44%
  8. TRIBOROUGH BRIDGE TUNNEL AUTHORITY FRN 01-01-35 0.43%
  9. UNITED STATES VIRGIN ISLANDS FEDERAL EXCISE TAX 5.0% 10-01-39 0.41%
  10. WASTE PRO USA INC 3.0% 06-01-32 0.40%

Asset Allocation

Weighting Return Low Return High AHMFX % Rank
Bonds
98.86% 0.00% 146.69% 54.07%
Cash
1.14% -0.64% 100.00% 42.72%
Other
0.01% -12.04% 8.29% 17.48%
Stocks
0.00% 0.00% 99.38% 98.09%
Preferred Stocks
0.00% -47.61% 1.89% 93.69%
Convertible Bonds
0.00% 0.00% 0.00% 94.66%

Bond Sector Breakdown

Weighting Return Low Return High AHMFX % Rank
Municipal
96.73% 0.00% 100.00% 74.76%
Derivative
0.01% -12.35% 1.08% 12.14%
Cash & Equivalents
0.00% 0.00% 100.00% 94.66%
Securitized
0.00% 0.00% 22.44% 94.66%
Corporate
0.00% 0.00% 2.83% 97.09%
Government
0.00% 0.00% 0.09% 94.66%

Bond Geographic Breakdown

Weighting Return Low Return High AHMFX % Rank
US
98.86% 0.00% 139.84% 47.57%
Non US
0.00% 0.00% 13.35% 94.66%

AHMFX - Expenses

Operational Fees

AHMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.42% 0.21% 3.44% 96.10%
Management Fee 0.27% 0.00% 1.41% 4.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.02% 0.35% 32.79%

Sales Fees

AHMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AHMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

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.

AHMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 2.00% 121.00% 66.15%

AHMFX - Distributions

Dividend Yield Analysis

AHMFX Category Low Category High AHMFX % Rank
Dividend Yield 3.81% 0.00% 6.58% 67.46%

Dividend Distribution Analysis

AHMFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AHMFX Category Low Category High AHMFX % Rank
Net Income Ratio 3.13% 1.11% 5.70% 53.59%

Capital Gain Distribution Analysis

AHMFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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AHMFX - Fund Manager Analysis

Managers

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2011

10.67

10.7%

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.

Jerome Solomon


Start Date

Tenure

Tenure Rank

Oct 01, 2017

4.67

4.7%

Jerome H. Solomon, Partner — Capital Fixed Income Investors, a division of an affiliate of the Capital Guardian Trust Company . Mr. Solomon has been employed by Capital Guardian Trust Company and its affiliates since 2008.

Courtney Wolf


Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.46 2.52