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AMHIX American High-Income Municipal Bond A

  • Fund
  • AMHIX
  • Price as of: Dec 06, 2016
  • $15.17
  • + $0.05
  • + 0.33%
  • Category
  • High Yield Municipal Bonds

AMHIX - Profile

Vitals

  • YTD Return -2.9%
  • 3 Yr Annualized Return 7.6%
  • 5 Yr Annualized Return 7.1%
  • Net Assets $4.92 B
  • Holdings in Top 10 7.3%

52 WEEK LOW AND HIGH

$15.17
$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 -2.9%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 6.3%
  • 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 -2.9% -5.0% 3.6% 17.24% 2
1 Yr 6.7% -4.5% 12.2% 15.07% 1
3 Yr 7.6% * 0.2% 9.5% 10.71% 1
5 Yr 7.1% * -0.4% 8.4% 11.38% 1
10 Yr 4.7% * -2.0% 5.2% 7.27% 1

* Annualized


Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.3% -2.0% 2.9% 31.72% 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
2011 4.6% -5.1% 8.6% 41.38% 4

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.9% -5.0% 3.6% 24.83% 2
1 Yr 2.7% -5.4% 9.2% 13.70% 1
3 Yr 6.3% * 0.2% 9.5% 27.86% 2
5 Yr 6.3% * -0.4% 8.4% 19.51% 1
10 Yr 4.3% * -2.0% 5.2% 14.55% 1

* Annualized


Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.3% -2.0% 6.8% 37.93% 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
2011 4.6% -5.1% 19.4% 44.83% 4

NAV & Total Return History

AMHIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Net Assets 4.92 B 152 K 12.2 B 3.40% 1
Number of Holdings 1800 58 2489 2.04% 1
Net Assets in Top 10 384 M 45.4 K 1.58 B 4.76% 1
Weighting of Top 10 7.3% 7.3% 27.9% 31.29% 5

Top 10 Holdings

  1. Buckeye Ohio Tob Settlement Fi To 5.875% 1.88%
  2. Michigan Tob Settlement Fin Au Tobacc 6% 1.16%
  3. Colorado St Gen Fd Rev General F 2% 0.96%
  4. Tobacco Settlement Fing Corp N Asset 5% 0.83%
  5. Brazos Riv Tex Hbr Nav Dist 5.95% 0.51%
  6. Puerto Rico Comwlth Aqueduct & Swr 5.25% 0.44%
  7. Massachusetts Edl Fing Auth 3.5% 0.40%
  8. New Jersey Econ Dev Auth 5.25% 0.39%
  9. District Columbia Tob Settleme Tobacco A 0.38%
  10. Wisconsin Hsg & Econ Dev A Rev Bds 3.5% 0.37%

Asset Allocation

Weighting Category Low Category High AMHIX % Rank Quintile
Bonds
97.21% 84.14% 102.61% 21.77% 4
Cash
2.79% -2.61% 15.84% 5.44% 1
Other
0.00% -0.32% 3.26% 11.56% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 5
Preferred Stocks
0.00% 0.00% 0.00% 0.68% 5
Stocks
0.00% 0.00% 2.97% 4.08% 5

Bond Sector Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
Municipal
95.58% 84.14% 100.99% 23.81% 4
Cash & Equivalents
2.79% -1.37% 15.84% 5.44% 1
Government
1.49% -3.40% 3.42% 9.52% 2
Corporate
0.13% 0.00% 1.22% 7.48% 2
Securitized
0.00% 0.00% 0.66% 2.04% 5
Derivative
0.00% -0.04% 0.00% 0.68% 5

Bond Geographic Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
US
97.21% 84.14% 102.61% 21.77% 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% 12.24% 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% 120.00% 10.88% 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% 37.41% 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

5.17

Tenure Rank

18.3%

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

12.09

Tenure Rank

6.6%

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

22.19

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

27.9

Category Average

7.66

Category Mode

1.9