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CITCX American Funds American High-Inc 529C

  • Fund
  • CITCX
  • Price as of: Aug 08, 2016
  • $10.06
  • + $0.02
  • + 0.20%
  • Category
  • High Yield Bonds

CITCX - Profile

Vitals

  • YTD Return 7.6%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $16.6 B
  • Holdings in Top 10 8.6%

52 WEEK LOW AND HIGH

$10.06
$8.80
$10.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.07%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Funds American High-Income Trust®
  • Fund Family Name American Funds
  • Inception Date Feb 19, 2002
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Daigle

CITCX - Performance

Return Ranking - Trailing

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -30.0% 20.5% 10.52% 1
1 Yr 1.0% -30.5% 10.8% 76.65% 4
3 Yr 1.3% * -11.3% 8.2% 90.74% 5
5 Yr 3.1% * -12.9% 7.6% 93.35% 5
10 Yr 4.7% * -12.2% 12.4% 90.48% 5

* Annualized


Return Ranking - Calendar

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.0% -34.3% 7.2% 65.20% 5
2014 N/A -5.0% -1.0% N/A N/A
2013 N/A -1.3% 3.8% N/A N/A
2012 N/A 7.4% 9.6% N/A N/A
2011 N/A -8.1% -0.2% N/A N/A

Total Return Ranking - Trailing

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -30.0% 20.5% 10.79% 1
1 Yr 0.0% -30.5% 10.2% 64.82% 4
3 Yr 1.3% * -11.3% 8.2% 84.91% 5
5 Yr 3.1% * -12.9% 7.6% 90.61% 5
10 Yr 4.7% * -12.2% 12.4% 88.66% 5

* Annualized


Total Return Ranking - Calendar

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.0% -34.3% 7.2% 64.87% 5
2014 N/A -4.8% -0.6% N/A N/A
2013 N/A -1.3% 4.5% N/A N/A
2012 N/A 7.4% 10.4% N/A N/A
2011 N/A -7.8% -0.2% N/A N/A

NAV & Total Return History

CITCX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Net Assets 16.6 B 859 K 19.6 B 0.46% 1
Number of Holdings 772 1 1294 1.38% 1
Net Assets in Top 10 1.38 B -32.2 M 3.99 B 0.77% 1
Weighting of Top 10 8.6% 0.0% 100.0% 24.85% 4

Top 10 Holdings

  1. Kinetic Concepts 10.5% 1.07%
  2. Ngpl Pipeco 144A 7.119% 0.98%
  3. Associated Matls 9.125% 0.95%
  4. Inventiv Health 144A 9% 0.87%
  5. Frontier Comms 10.5% 0.86%
  6. Ligado Networks, Term Loan, 0% 2020 0.80%
  7. Kinetic Concepts 12.5% 0.79%
  8. Altegrity 144A 9.5% 0.79%
  9. Wind Acquisition Fin Sa 144A 7.375% 0.77%
  10. Fmg Resources August 2006 Pty 144A 0.1% 0.72%

Asset Allocation

Weighting Category Low Category High CITCX % Rank Quintile
Bonds
89.05% -5.63% 107.80% 20.55% 4
Cash
7.09% -11.47% 133.84% 8.90% 2
Preferred Stocks
1.46% 0.00% 12.41% 4.91% 1
Other
0.98% -34.84% 38.60% 14.42% 3
Stocks
0.98% 0.00% 99.05% 7.98% 2
Convertible Bonds
0.45% 0.00% 18.92% 9.36% 2

Stock Sector Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Communication Services
0.40% -0.05% 9.22% 2.12% 1
Consumer Cyclical
0.23% 0.00% 17.17% 8.05% 2
Real Estate
0.10% 0.00% 7.16% 3.81% 1
Energy
0.08% 0.00% 11.08% 7.20% 2
Utilities
0.02% -0.08% 7.62% 4.45% 1
Healthcare
0.01% 0.00% 24.74% 5.72% 1
Financial Services
0.00% 0.00% 16.69% 9.96% 5
Industrials
0.00% 0.00% 13.93% 6.36% 5
Consumer Defense
0.00% -0.14% 5.89% 5.51% 5
Technology
0.00% -0.01% 24.70% 5.72% 5
Basic Materials
0.00% 0.00% 2.68% 6.14% 5

Stock Geographic Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
US
0.97% -0.04% 81.88% 6.29% 2
Non US
0.01% -0.01% 53.49% 6.60% 2

Bond Sector Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Corporate
89.48% 0.00% 101.98% 13.80% 3
Cash & Equivalents
7.09% -7.60% 133.84% 8.90% 2
Government
0.88% -6.62% 39.91% 14.88% 3
Securitized
0.43% 0.00% 68.88% 13.65% 3
Municipal
0.00% 0.00% 99.16% 3.68% 5
Derivative
0.00% -19.62% 5.63% 3.68% 4

Bond Geographic Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
US
70.66% -5.63% 100.00% 19.63% 4
Non US
18.39% 0.00% 45.22% 11.81% 2

CITCX - Expenses

Operational Fees

CITCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.53% 0.00% 7.85% 12.14% 4
Management Fee 0.28% 0.12% 1.00% 6.90% 1
12b-1 Fee 0.99% 0.00% 1.00% 0.44% 4
Administrative Fee 0.05% 0.00% 0.45% 6.72% 2

Sales Fees

CITCX Fees (% of AUM) Category Low Category High CITCX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load 1.00% 0.75% 5.50% 4.03% 3

Trading Fees

CITCX Fees (% of AUM) Category Low Category High CITCX Rank Quintile
Max Redemption Fee N/A 1.00% 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.

CITCX Fees (% of AUM) Category Low Category High CITCX Rank Quintile
Turnover 49.00% 7.20% 2247.00% 11.06% 3

CITCX - Distributions

Dividend Yield Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Dividend Yield 0.6% 0.00% 6.16% 11.64% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Net Income Ratio 5.07% -2.75% 8.95% 23.20% 3

Capital Gain Distribution Analysis

CITCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

CITCX - Managers

David A. Daigle

Manager

Start Date

Dec 01, 2003

Tenure

12.67

Tenure Rank

2.6%

David A. Daigle is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst, he covers wireless communications and building products companies. Earlier in his career at Capital, David covered multiple industries including health care, technology and directories. He holds an MBA from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from the University of Vermont. David is based in New York.


David C. Barclay

Manager

Start Date

Dec 01, 1989

Tenure

26.68

Tenure Rank

0.3%

David C. Barclay is a fixed-income portfolio manager at Capital Group. He has 31 years of investment experience and has been with Capital Group for 25 years. Earlier in his career, as a fixed-income investment analyst at Capital, he was a high-yield bond generalist. Prior to joining Capital, David was part of the Special Ventures Group at E.F. Hutton and Company and had been an assistant vice president at The Bank of New York. He holds an MBA from Harvard Business School and a bachelor’s degree in economics from Brown University. David is based in Los Angeles.


Thomas H. Chow

Manager

Start Date

Dec 01, 2014

Tenure

1.67

Tenure Rank

13.9%

Chow is a member of the taxable fixed income portfolio management team. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.


Tara L. Torrens

Manager

Start Date

Jun 01, 2015

Tenure

1.17

Tenure Rank

14.5%

Tara L. Torrens has been with Capital Research and Management Company or affiliate since 2003.


Tenure Analysis

Category Low

0.0

Category High

56.2

Category Average

6.26

Category Mode

1.6