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CITCX American Funds American High-Inc 529C

  • Fund
  • CITCX
  • Price as of: Jun 18, 2018
  • $10.20
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

CITCX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $16.1 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$10.20
$10.10
$10.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 73.00%

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 -1.6%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.95%
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 -1.6% -100.0% 10775.8% 33.59% 3
1 Yr -2.4% -100.0% 20.4% 42.59% 3
3 Yr -1.7% * -100.0% 9.8% 63.86% 4
5 Yr -2.1% * -100.0% 11.6% 60.40% 4
10 Yr -1.2% * -12.4% 12.4% 69.04% 5

* Annualized

Return Ranking - Calendar

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.1% -72.4% 28.5% 42.29% 3
2016 9.7% -23.4% 332.1% 6.55% 1
2015 -13.0% -34.3% 1.0% 62.52% 5
2014 -5.4% -21.7% 31.6% 47.71% 4
2013 0.0% -16.9% 22.2% 39.11% 3

Total Return Ranking - Trailing

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.6% -100.0% 10775.8% 33.33% 3
1 Yr -2.4% -100.0% 20.4% 41.36% 3
3 Yr -1.7% * -100.0% 9.8% 73.26% 5
5 Yr -2.1% * -100.0% 11.6% 77.37% 5
10 Yr -1.2% * -12.4% 12.4% 78.90% 5

* Annualized

Total Return Ranking - Calendar

Period CITCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.1% -72.4% 28.5% 42.58% 3
2016 9.7% -13.3% 332.1% 21.11% 2
2015 -13.0% -30.4% 9.9% 68.74% 5
2014 -5.4% -18.4% 55.9% 67.25% 5
2013 0.0% -16.9% 39.9% 63.04% 5

NAV & Total Return History

CITCX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Net Assets 16.1 B 660 K 23.5 B 0.77% 1
Number of Holdings 733 1 1548 2.76% 1
Net Assets in Top 10 1.34 B -32.2 M 3.39 B 0.92% 1
Weighting of Top 10 8.4% 0.0% 151.4% 27.91% 4

Top 10 Holdings

  1. Standard Aero Aviation Holdings, Inc. 10% SNR PIDI NTS 15/07/2023 USD (144A 1.02%
  2. Blackstone CQP Holdco 6.5% SNR SEC PIDI NTS 20/03/2021 USD (144A) 1.02%
  3. Altegrity Inc 9.5% SNR SEC PIDI NTS 01/07/2019 USD (144A) 0.90%
  4. Cleveland-Cliffs Inc 5.75% SNR PIDI NTS 01/03/2025 USD (144A) 0.89%
  5. Frontier Communications Corporation 10.5% SNR PIDI NTS 15/09/2022 USD (SEC 0.74%
  6. Valeant Pharmaceuticals International, Inc. 6.125% SNR PIDI NTS 15/04/2025 0.70%
  7. Kinetic Concepts, Inc. 12.5% SNR SEC PIDI NTS 01/11/2021 USD (144A) 0.67%
  8. First Quantum Minerals Ltd. 7.5% SNR PIDI NTS 01/04/2025 USD (144A) 0.66%
  9. Clear Channel Worldwide Holdings Inc. 7.625% SNR SUB PIDI NTS 15/03/2020 US 1.13%
  10. Frontier Communications Corporation 11% SNR PIDI NTS 15/09/2025 USD (SEC RE 0.65%

Asset Allocation

Weighting Category Low Category High CITCX % Rank Quintile
Bonds 		95.03% -13.09% 107.80% 9.36% 2
Cash 		2.46% -11.47% 113.09% 22.70% 4
Other 		0.93% -19.81% 38.60% 11.04% 2
Preferred Stocks 		0.63% 0.00% 13.07% 9.51% 2
Stocks 		0.49% -0.01% 99.15% 13.34% 3
Convertible Bonds 		0.45% 0.00% 22.32% 13.50% 3

Stock Sector Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Basic Materials 		0.11% 0.00% 4.07% 6.32% 2
Real Estate 		0.10% 0.00% 7.12% 3.83% 1
Communication Services 		0.05% 0.00% 4.06% 4.98% 1
Healthcare 		0.02% 0.00% 17.03% 5.94% 2
Utilities 		0.00% 0.00% 3.16% 4.98% 5
Technology 		0.00% 0.00% 28.52% 5.75% 5
Industrials 		0.00% 0.00% 13.50% 8.62% 5
Financial Services 		0.00% 0.00% 18.65% 8.05% 5
Energy 		0.00% 0.00% 9.63% 12.64% 5
Consumer Defense 		0.00% 0.00% 6.19% 5.56% 5
Consumer Cyclical 		0.00% 0.00% 14.13% 10.73% 5

Stock Geographic Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
US 		0.49% -0.01% 79.34% 11.50% 2
Non US 		0.00% 0.00% 52.82% 7.52% 5

Bond Sector Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Corporate 		95.41% 0.00% 105.17% 8.44% 2
Cash & Equivalents 		2.46% -7.60% 100.00% 22.24% 4
Government 		0.41% -10.58% 70.92% 10.43% 2
Municipal 		0.10% 0.00% 100.00% 2.45% 1
Securitized 		0.06% 0.00% 58.69% 14.57% 3
Derivative 		0.00% -19.62% 13.09% 4.91% 4

Bond Geographic Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
US 		82.64% -13.09% 100.00% 8.44% 2
Non US 		12.39% -0.13% 50.43% 22.39% 4

CITCX - Expenses

Operational Fees

CITCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.53% 0.00% 5.43% 12.75% 4
Management Fee 0.28% 0.00% 1.00% 7.67% 1
12b-1 Fee 0.98% 0.00% 1.00% 0.66% 4
Administrative Fee 0.05% 0.00% 0.45% 7.01% 1

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% 4.00% 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 73.00% 6.98% 1517.00% 8.29% 4

CITCX - Distributions

Dividend Yield Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Dividend Yield 0.6% 0.00% 6.16% 11.95% 1

Dividend Distribution Analysis

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

Dividend Payout History

View More History

Net Income Ratio Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Net Income Ratio 4.95% -2.30% 8.71% 23.35% 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

14.51

Tenure Rank

2.4%

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.

Thomas H. Chow

Manager

Start Date

Dec 01, 2014

Tenure

3.5

Tenure Rank

14.3%

Mr. Chow is a vice president and portfolio manager for Capital Research and Management Company. Prior to joinming Caital Research 2014, Mr. Chow is a member of the taxable fixed income portfolio management team for Delaware. 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

3.0

Tenure Rank

14.9%

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

Shannon Ward

Manager

Start Date

Dec 01, 2016

Tenure

1.5

Tenure Rank

16.9%

Ms. Ward serves as portfolio manager of Oaktree’s European High Yield Bond and European Senior Loan strategies, and co-portfolio manager of the Global High Yield Bond strategy. She has over 21 years of corporate finance and investing experience. Ms. Ward joined Oaktree in 2006 from AIG Global Investment Group, where she spent five years as a Vice President for High Yield Investments. Before that, she spent over five years at Banc of America Securities, most recently as a Managing Director in the Entertainment/Media Group, and after her M.B.A., joined Union Bank of California as an Assistant Vice President in the Communications and Media Group. Ms. Ward received a B.A. degree in Psychology from the University of California, Santa Barbara and an M.B.A. with a concentration in Finance from the University of Southern California.

Tenure Analysis

Category Low

0.0

Category High

58.0

Category Average

6.87

Category Mode

0.1

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