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CITCX American Funds American High-Inc 529C

  • Fund
  • CITCX
  • Price as of: Dec 12, 2018
  • $9.87
  • + $0.03
  • + 0.31%
  • Category
  • High Yield Bonds

CITCX - Profile

Vitals

  • YTD Return -4.8%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $15.8 B
  • Holdings in Top 10 9.0%

52 WEEK LOW AND HIGH

$9.87
$9.83
$10.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 62.00%

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 -4.8%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.06%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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 -4.8% -100.0% 10775.8% 32.35% 3
1 Yr 0.0% -100.0% 20.4% 43.36% 3
3 Yr 5.8% * -100.0% 14.0% 25.04% 2
5 Yr 2.4% * -100.0% 9.3% 85.28% 5
10 Yr 9.0% * -13.4% 13.4% 68.91% 4

* 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 -4.8% -100.0% 10775.8% 32.24% 3
1 Yr -1.0% -100.0% 20.4% 54.78% 3
3 Yr 5.8% * -100.0% 14.0% 20.68% 2
5 Yr 2.4% * -100.0% 9.3% 78.51% 4
10 Yr 9.0% * -13.4% 13.4% 67.61% 4

* 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: Sep 30, 2018

Concentration Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Net Assets 15.8 B 635 K 23.2 B 0.77% 1
Number of Holdings 700 1 1770 3.22% 1
Net Assets in Top 10 1.45 B -32.2 M 3.27 B 0.61% 1
Weighting of Top 10 9.0% 0.0% 100.0% 26.84% 4

Top 10 Holdings

  1. Standard Aero Aviation Holdings, Inc. 10% 1.00%
  2. Blackstone CQP Holdco 6.5% 1.00%
  3. Frontier Communications Corporation 10.5% 0.91%
  4. Gogo Intermediate Holdings LLC and Gogo Finance Co. Inc. 12.5% 0.84%
  5. Cleveland-Cliffs Inc 5.75% 0.88%
  6. Frontier Communications Corporation 11% 0.80%
  7. Petsmart Inc 5.88% 0.78%
  8. Meredith Corp 6.88% 0.70%
  9. Clear Channel Worldwide Holdings Inc. 7.62% 1.32%
  10. Intelsat Jackson Holdings, Ltd. 7.5% 0.75%

Asset Allocation

Weighting Category Low Category High CITCX % Rank Quintile
Bonds
92.13% -16.15% 107.80% 18.40% 3
Cash
4.96% -11.47% 116.15% 11.50% 2
Other
1.29% -7.78% 38.60% 8.28% 1
Stocks
0.72% -0.05% 97.02% 12.27% 2
Convertible Bonds
0.55% 0.00% 23.62% 12.73% 3
Preferred Stocks
0.36% 0.00% 11.87% 11.35% 2

Stock Sector Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Healthcare
0.31% 0.00% 17.03% 2.87% 1
Industrials
0.15% 0.00% 14.11% 6.51% 2
Utilities
0.06% 0.00% 3.16% 5.56% 1
Communication Services
0.06% 0.00% 4.06% 5.56% 1
Consumer Cyclical
0.03% 0.00% 15.15% 9.20% 2
Real Estate
0.02% 0.00% 5.06% 4.60% 1
Energy
0.01% 0.00% 9.63% 11.69% 3
Technology
0.00% 0.00% 28.37% 5.94% 5
Financial Services
0.00% 0.00% 17.73% 7.85% 5
Consumer Defense
0.00% 0.00% 6.19% 4.98% 5
Basic Materials
0.00% 0.00% 4.07% 8.81% 5

Stock Geographic Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Non US
0.46% -0.03% 48.46% 2.91% 1
US
0.26% -0.05% 79.34% 14.11% 3

Bond Sector Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
Corporate
91.99% 0.00% 106.78% 17.79% 4
Cash & Equivalents
4.96% -7.60% 100.00% 11.20% 2
Government
0.98% -6.83% 70.71% 8.13% 2
Securitized
0.05% 0.00% 63.53% 14.72% 3
Municipal
0.01% 0.00% 100.00% 3.07% 1
Derivative
0.00% -19.62% 16.15% 4.29% 4

Bond Geographic Breakdown

Weighting Category Low Category High CITCX % Rank Quintile
US
81.01% -16.15% 99.79% 11.35% 2
Non US
11.12% 0.00% 54.46% 24.54% 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% 12.60% 4
Management Fee 0.28% 0.00% 1.00% 7.52% 1
12b-1 Fee 1.00% 0.00% 1.00% 0.22% 5
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% 4.03% 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 62.00% 6.98% 1517.00% 9.83% 4

CITCX - Distributions

Dividend Yield Analysis

CITCX Category Low Category High CITCX % Rank Quintile
Dividend Yield 0.5% 0.00% 3.33% 17.19% 2

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 5.06% -2.30% 8.71% 19.66% 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

15.01

Tenure Rank

2.1%

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

4.0

Tenure Rank

13.3%

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

3.5

Tenure Rank

14.2%

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


Shannon Ward

Manager

Start Date

Dec 01, 2016

Tenure

2.0

Tenure Rank

16.3%

Shannon Ward, Vice President, has joined in Capital Group since 2017. Previously, she worked as a portfolio manager with Oaktree Capital Management. Prior to Oaktree in 2006, she spent five years as a Vice President for High Yield Investments at AIG Global Investment Group. 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

58.5

Category Average

7.02

Category Mode

0.5