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AMHIX American High-Income Municipal Bond A

  • Fund
  • AMHIX
  • Price as of: Jul 21, 2017
  • $15.76
  • + $0.01
  • + 0.06%
  • Category
  • High Yield Municipal Bonds

AMHIX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $5.04 B
  • Holdings in Top 10 6.7%

52 WEEK LOW AND HIGH

$15.76
$15.10
$16.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.67%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$250

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American High-Income Municipal Bond Fund®
  • Fund Family Name American Funds
  • Inception Date Sep 26, 1994
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Chad M. Rach

AMHIX - Performance

Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% 0.0% 6.9% 37.93% 3
1 Yr 0.2% -9.1% 12.2% 27.40% 2
3 Yr 5.0% * 0.2% 8.1% 42.36% 3
5 Yr 5.2% * -0.7% 6.8% 21.60% 2
10 Yr 4.7% * 1.1% 5.7% 20.18% 1

* Annualized


Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.2% -6.7% 0.0% 10.34% 1
2015 0.3% -2.0% 2.9% 31.94% 3
2014 9.3% 0.0% 13.1% 32.61% 3
2013 -7.5% -13.7% 0.0% 7.38% 1
2012 9.4% 0.0% 14.5% 24.79% 2

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% 0.0% 6.9% 37.93% 3
1 Yr -3.6% -8.3% 9.2% 70.55% 4
3 Yr 3.6% * 0.7% 8.1% 65.28% 4
5 Yr 4.4% * 1.4% 6.8% 43.20% 3
10 Yr 4.3% * 1.1% 5.7% 30.28% 2

* Annualized


Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.2% -5.0% 0.5% 14.48% 2
2015 0.3% -2.0% 6.8% 38.19% 3
2014 9.3% 0.0% 20.0% 35.51% 3
2013 -7.5% -13.7% 0.0% 10.66% 1
2012 9.4% 0.0% 18.2% 30.77% 3

NAV & Total Return History

AMHIX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Net Assets 5.04 B 152 K 14.6 B 3.40% 1
Number of Holdings 1797 50 2631 2.04% 1
Net Assets in Top 10 338 M 45.4 K 1.68 B 6.12% 1
Weighting of Top 10 6.7% 6.7% 30.8% 32.65% 5

Top 10 Holdings

  1. Buckeye Ohio Tob Settlement Fi To 5.875% 2.23%
  2. Michigan Tob Settlement Fin Au Tobacc 6% 1.12%
  3. Brazos Riv Tex Hbr Nav Dist 5.95% 0.51%
  4. New York Transn Dev Corp Spl F Spl 5.25% 0.46%
  5. District Columbia Tob Settleme Tobacco A 0.46%
  6. Tobacco Settlement Fing Corp N Asset 5% 0.41%
  7. Massachusetts Edl Fing Auth 3.5% 0.37%
  8. Wisconsin Hsg & Econ Dev A Rev Bds 3.5% 0.36%
  9. Buckeye Ohio Tob Settlement Fi Toba 6.5% 0.36%
  10. New York N Y City Transitional Futu 0.8% 0.35%

Asset Allocation

Weighting Category Low Category High AMHIX % Rank Quintile
Bonds
96.94% 87.28% 100.43% 22.45% 4
Cash
3.06% -0.45% 10.76% 5.44% 1
Stocks
0.00% 0.00% 2.97% 4.08% 5
Preferred Stocks
0.00% 0.00% 0.59% 4.08% 5
Other
0.00% -0.32% 3.26% 10.20% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 5

Bond Sector Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
Municipal
96.11% 90.36% 100.95% 21.77% 4
Cash & Equivalents
3.06% -0.45% 10.76% 5.44% 1
Government
0.83% -2.89% 4.61% 13.61% 3
Derivative
0.00% -2.83% 0.00% 0.68% 5
Securitized
0.00% 0.00% 0.00% 0.68% 5
Corporate
0.00% 0.00% 1.56% 12.24% 5

Bond Geographic Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
US
96.94% 87.28% 100.43% 22.45% 4
Non US
0.00% -0.14% 0.00% 0.68% 5

AMHIX - Expenses

Operational Fees

AMHIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.67% 0.27% 44.43% 46.94% 1
Management Fee 0.30% 0.00% 0.75% 12.93% 1
12b-1 Fee 0.28% 0.00% 1.00% 10.81% 3
Administrative Fee 0.01% 0.00% 0.35% 25.00% 1

Sales Fees

AMHIX Fees (% of AUM) Category Low Category High AMHIX Rank Quintile
Front Load 3.75% 1.00% 4.75% 15.38% 2
Deferred Load N/A 0.60% 5.50% N/A N/A

Trading Fees

AMHIX Fees (% of AUM) Category Low Category High AMHIX 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.

AMHIX Fees (% of AUM) Category Low Category High AMHIX Rank Quintile
Turnover 21.00% 4.00% 172.00% 12.93% 3

AMHIX - Distributions

Dividend Yield Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Dividend Yield 0.6% 0.16% 0.96% 7.69% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Net Income Ratio 4.02% 1.33% 6.68% 31.97% 3

Capital Gain Distribution Analysis

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

AMHIX - Managers

Chad M. Rach

Manager

Start Date

Oct 01, 2011

Tenure

5.75

Tenure Rank

14.2%

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

12.67

Tenure Rank

4.9%

Zeile has been employed by Capital and its affiliates since 1999


Neil L. Langberg

Manager

Start Date

Sep 26, 1994

Tenure

22.78

Tenure Rank

0.5%

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


Tenure Analysis

Category Low

0.3

Category High

28.5

Category Average

7.89

Category Mode

2.5