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AMHIX American High-Income Municipal Bond A

  • Fund
  • AMHIX
  • Price as of: Feb 24, 2017
  • $15.41
  • + $0.04
  • + 0.26%
  • Category
  • High Yield Municipal Bonds

AMHIX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $4.64 B
  • Holdings in Top 10 6.7%

52 WEEK LOW AND HIGH

$15.41
$15.10
$16.29

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 0.9%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 4.6%
  • 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 0.9% 0.0% 3.6% 44.83% 4
1 Yr 1.0% -2.1% 12.2% 26.71% 2
3 Yr 5.7% * 1.5% 7.9% 45.71% 3
5 Yr 5.4% * 1.2% 7.2% 21.14% 2
10 Yr 4.3% * 0.4% 5.3% 19.09% 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 0.9% 0.0% 3.6% 44.83% 4
1 Yr -2.7% -5.8% 9.2% 71.92% 4
3 Yr 4.4% * 0.7% 7.9% 67.14% 4
5 Yr 4.6% * 1.1% 7.2% 42.28% 3
10 Yr 3.9% * 0.4% 5.3% 34.55% 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: Dec 31, 2016

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Net Assets 4.64 B 152 K 12.4 B 3.40% 1
Number of Holdings 1764 52 2344 2.04% 1
Net Assets in Top 10 321 M 45.4 K 1.51 B 5.44% 1
Weighting of Top 10 6.7% 6.7% 31.7% 28.57% 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 AMHIX % Rank Quintile
Bonds
98.38% 81.89% 102.97% 18.37% 4
Cash
1.62% -2.97% 18.11% 8.84% 2
Stocks
0.00% 0.00% 2.97% 4.76% 5
Preferred Stocks
0.00% 0.00% 0.59% 2.72% 5
Other
0.00% -2.23% 3.26% 9.52% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 5

Bond Sector Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
Municipal
97.17% 81.83% 103.22% 14.97% 3
Cash & Equivalents
1.62% -2.97% 18.11% 8.84% 2
Government
1.22% -4.28% 3.55% 10.20% 2
Derivative
0.00% -0.04% 0.00% 0.68% 5
Securitized
0.00% 0.00% 0.66% 1.36% 5
Corporate
0.00% 0.00% 1.68% 8.16% 5

Bond Geographic Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
US
98.38% 81.89% 102.97% 18.37% 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% 46.26% 1
Management Fee 0.30% 0.00% 0.75% 12.93% 1
12b-1 Fee 0.28% 0.00% 1.00% 11.71% 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% 132.00% 10.20% 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% 1.34% 6.68% 36.05% 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

5.34

Tenure Rank

13.3%

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

12.26

Tenure Rank

4.7%

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

22.36

Tenure Rank

0.6%

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


Tenure Analysis

Category Low

0.1

Category High

28.1

Category Average

7.58

Category Mode

2.8