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AMHIX American High-Income Municipal Bond A

  • Fund
  • AMHIX
  • Price as of: Jan 23, 2019
  • $15.62
  • - $0.02
  • - 0.13%
  • Category
  • High Yield Municipal Bonds

AMHIX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $6.1 B
  • Holdings in Top 10 4.7%

52 WEEK LOW AND HIGH

$15.62
$15.45
$15.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

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 -0.1%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.72%
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 -0.1% -1.4% 4.5% 33.79% 3
1 Yr -1.7% -9.1% 12.2% 37.67% 3
3 Yr -0.2% * -2.5% 7.2% 34.03% 2
5 Yr 1.4% * -0.7% 6.7% 38.24% 3
10 Yr 2.7% * 0.8% 7.6% 46.67% 3

* Annualized


Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.1% -6.7% 5.2% 24.83% 2
2017 4.5% -3.9% 8.6% 19.44% 2
2016 -2.2% -6.7% 13.1% 16.67% 2
2015 0.3% -12.2% 10.6% 33.57% 3
2014 9.3% -13.3% 13.1% 33.58% 3

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.1% -100.0% 4.5% 33.10% 3
1 Yr -1.7% -8.3% 9.2% 32.88% 2
3 Yr -0.2% * -2.1% 7.2% 37.50% 3
5 Yr 1.4% * -0.3% 6.7% 44.12% 3
10 Yr 2.7% * 0.8% 10.4% 52.22% 3

* Annualized


Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.1% -5.6% 5.2% 24.83% 2
2017 4.5% -3.9% 8.6% 19.44% 2
2016 -2.2% -5.0% 19.5% 20.83% 2
2015 0.3% -11.4% 10.6% 39.16% 3
2014 9.3% -13.3% 20.0% 36.50% 3

NAV & Total Return History

AMHIX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Net Assets 6.1 B 152 K 16.6 B 4.08% 1
Number of Holdings 2213 42 3198 1.36% 1
Net Assets in Top 10 308 M -34.9 M 1.65 B 8.84% 2
Weighting of Top 10 4.7% 4.7% 40.6% 34.01% 5

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 0.96%
  2. CHICAGO ILL BRD ED 7% 0.50%
  3. METROPOLITAN TRANSN AUTH N Y 4% 0.49%
  4. CHICAGO ILL BRD ED 7% 0.46%
  5. NEWPORT NEWS VA INDL DEV AUTH 5.33% 0.44%
  6. DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 0% 0.41%
  7. HIDEOUT LOC DIST NO 1 UTAH 6.75% 0.41%
  8. CHICAGO ILL TRAN AUTH 5% 0.35%
  9. OHIO ST 5% 0.33%
  10. ILLINOIS FIN AUTH 6.88% 0.31%

Asset Allocation

Weighting Category Low Category High AMHIX % Rank Quintile
Bonds
98.94% 77.89% 105.34% 18.37% 4
Cash
1.06% -5.34% 22.11% 12.24% 2
Stocks
0.00% -0.85% 2.97% 3.40% 5
Preferred Stocks
0.00% 0.00% 0.38% 1.36% 5
Other
0.00% -0.32% 3.26% 8.84% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 5

Bond Sector Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
Municipal
98.94% 88.49% 102.62% 17.01% 3
Cash & Equivalents
1.06% -4.84% 22.10% 12.93% 2
Derivative
0.00% -4.18% 0.06% 2.04% 5
Securitized
0.00% 0.00% 0.08% 2.04% 5
Corporate
0.00% 0.00% 2.35% 10.20% 5
Government
0.00% -11.07% 6.44% 5.44% 4

Bond Geographic Breakdown

Weighting Category Low Category High AMHIX % Rank Quintile
US
94.60% 74.69% 101.29% 26.53% 4
Non US
4.34% -0.14% 12.85% 6.80% 1

AMHIX - Expenses

Operational Fees

AMHIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.68% 0.27% 44.43% 46.26% 1
Management Fee 0.28% 0.00% 0.75% 14.97% 1
12b-1 Fee 0.30% 0.00% 1.00% 10.81% 3
Administrative Fee 0.01% 0.00% 0.35% 23.08% 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 24.00% 3.00% 172.00% 16.33% 3

AMHIX - Distributions

Dividend Yield Analysis

AMHIX Category Low Category High AMHIX % Rank Quintile
Dividend Yield 0.6% 0.09% 0.92% 7.48% 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 3.72% 1.39% 5.74% 36.73% 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

7.25

Tenure Rank

14.8%

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

14.17

Tenure Rank

5.2%

Zeile has been employed by Capital and its affiliates since 1999


Jerome H. Solomon

Manager

Start Date

Oct 01, 2017

Tenure

1.25

Tenure Rank

24.0%

Jerome Solomon, Vice President - Fixed Income, Investment professional for 22 years in total; 6 years with Capital Research and Management Company or affiliate


Tenure Analysis

Category Low

0.1

Category High

30.0

Category Average

8.38

Category Mode

4.0