AMERICAN HIGH-INCOME MUNICIPAL BOND FUND
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.5%
1 yr return
5.7%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
1.7%
Net Assets
$11 B
Holdings in Top 10
4.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ABHFX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.90%
- Dividend Yield 3.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAMERICAN HIGH-INCOME MUNICIPAL BOND FUND
-
Fund Family NameCapital Group Fund Group
-
Inception DateMay 11, 2012
-
Shares OutstandingN/A
-
Share ClassF1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChad Rach
Fund Description
In seeking to achieve its objective, the fund may accept risks to capital value deemed prudent by the fund's investment adviser to take advantage of opportunities for higher current income on municipal bonds. Municipal bonds are debt obligations that pay interest that is exempt from federal taxation, with payments made from a wide variety of sources, including governmental revenue streams and private enterprises.
Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. The fund may invest, without limitation, in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. Securities rated BB+ or below and Ba1 or below are sometimes referred to as “junk bonds.”
The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
ABHFX - Performance
Return Ranking - Trailing
Period | ABHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.5% | -4.2% | 11.0% | 23.88% |
1 Yr | 5.7% | -3.9% | 11.3% | 26.37% |
3 Yr | -0.2%* | -9.3% | 2.5% | 11.73% |
5 Yr | 1.7%* | -5.3% | 3.4% | 13.33% |
10 Yr | 3.3%* | -0.8% | 155.1% | 24.41% |
* Annualized
Return Ranking - Calendar
Period | ABHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.8% | -6.2% | 7.5% | 20.30% |
2022 | -14.7% | -26.9% | -3.5% | 22.11% |
2021 | 1.9% | -1.9% | 5.6% | 62.44% |
2020 | 0.8% | -4.0% | 4.2% | 42.35% |
2019 | 5.1% | -0.7% | 9.1% | 50.53% |
Total Return Ranking - Trailing
Period | ABHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.5% | -4.2% | 11.0% | 23.88% |
1 Yr | 5.7% | -3.9% | 11.3% | 26.37% |
3 Yr | -0.2%* | -9.3% | 2.5% | 11.73% |
5 Yr | 1.7%* | -5.3% | 3.4% | 13.33% |
10 Yr | 3.3%* | -0.8% | 155.1% | 24.41% |
* Annualized
Total Return Ranking - Calendar
Period | ABHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.8% | -4.1% | 10.9% | 32.67% |
2022 | -11.7% | -26.9% | 4.3% | 23.12% |
2021 | 5.1% | -1.9% | 10.0% | 59.90% |
2020 | 3.9% | -2.6% | 8.2% | 37.76% |
2019 | 8.9% | -0.7% | 1028633.9% | 47.89% |
NAV & Total Return History
ABHFX - Holdings
Concentration Analysis
ABHFX | Category Low | Category High | ABHFX % Rank | |
---|---|---|---|---|
Net Assets | 11 B | 3.1 M | 15.6 B | 4.50% |
Number of Holdings | 3325 | 20 | 3325 | 2.01% |
Net Assets in Top 10 | 585 M | -102 M | 1.96 B | 21.61% |
Weighting of Top 10 | 4.56% | 4.6% | 98.9% | 99.50% |
Top 10 Holdings
- COMMONWEALTH OF PUERTO RICO 0.0% 11-01-51 0.75%
- COMMONWEALTH OF PUERTO RICO FRN 11-01-43 0.60%
- PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE 0.0% 07-01-46 0.58%
- UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT AJL PROJECT AREA 4.375% 06-01-52 0.43%
- WASTE PRO USA INC 3.0% 06-01-32 0.40%
- BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 0.39%
- PUERTO RICO COMMONWEALTH AQUEDUCT SEWER AUTHORITY 4.0% 07-01-42 0.38%
- CSCDA COMMUNITY IMPROVEMENT AUTHORITY UNION SOUTH BAY 4.0% 07-01-56 0.37%
- TRIBOROUGH BRIDGE TUNNEL AUTHORITY FRN 01-01-35 0.34%
- IOWA TOBACCO SETTLEMENT AUTHORITY 0.0% 06-01-65 0.32%
Asset Allocation
Weighting | Return Low | Return High | ABHFX % Rank | |
---|---|---|---|---|
Bonds | 99.48% | 0.00% | 146.69% | 48.02% |
Cash | 0.48% | -0.64% | 10.86% | 50.25% |
Other | 0.04% | -5.67% | 5.07% | 12.06% |
Stocks | 0.00% | 0.00% | 99.72% | 65.35% |
Preferred Stocks | 0.00% | -47.61% | 0.00% | 53.77% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 50.75% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ABHFX % Rank | |
---|---|---|---|---|
Municipal | 96.73% | 50.68% | 100.00% | 75.38% |
Derivative | 0.04% | -7.70% | 2.16% | 6.53% |
Cash & Equivalents | 0.00% | 0.00% | 10.86% | 72.86% |
Securitized | 0.00% | 0.00% | 22.44% | 53.27% |
Corporate | 0.00% | 0.00% | 2.83% | 76.38% |
Government | 0.00% | 0.00% | 0.09% | 53.77% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ABHFX % Rank | |
---|---|---|---|---|
US | 99.48% | 0.00% | 139.84% | 43.72% |
Non US | 0.00% | 0.00% | 13.35% | 55.28% |
ABHFX - Expenses
Operational Fees
ABHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | 0.22% | 3.44% | 74.75% |
Management Fee | 0.28% | 0.00% | 1.41% | 3.96% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 48.60% |
Administrative Fee | 0.05% | 0.02% | 0.35% | 31.67% |
Sales Fees
ABHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ABHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
ABHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 2.00% | 121.00% | 65.78% |
ABHFX - Distributions
Dividend Yield Analysis
ABHFX | Category Low | Category High | ABHFX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.55% | 0.00% | 5.94% | 69.80% |
Dividend Distribution Analysis
ABHFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
ABHFX | Category Low | Category High | ABHFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.90% | 1.11% | 5.44% | 66.83% |
Capital Gain Distribution Analysis
ABHFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 29, 2024 | $0.045 | OrdinaryDividend |
Oct 31, 2024 | $0.052 | OrdinaryDividend |
Sep 30, 2024 | $0.047 | OrdinaryDividend |
Aug 30, 2024 | $0.048 | OrdinaryDividend |
Jul 31, 2024 | $0.047 | OrdinaryDividend |
Apr 30, 2024 | $0.048 | OrdinaryDividend |
Mar 28, 2024 | $0.049 | OrdinaryDividend |
Feb 29, 2024 | $0.044 | OrdinaryDividend |
Jan 31, 2024 | $0.049 | OrdinaryDividend |
Dec 29, 2023 | $0.005 | OrdinaryDividend |
Nov 30, 2023 | $0.046 | OrdinaryDividend |
Oct 31, 2023 | $0.048 | OrdinaryDividend |
Sep 29, 2023 | $0.046 | OrdinaryDividend |
Aug 31, 2023 | $0.047 | OrdinaryDividend |
Jul 31, 2023 | $0.047 | OrdinaryDividend |
Jun 30, 2023 | $0.045 | OrdinaryDividend |
May 31, 2023 | $0.045 | OrdinaryDividend |
Apr 28, 2023 | $0.043 | OrdinaryDividend |
Mar 31, 2023 | $0.045 | OrdinaryDividend |
Feb 28, 2023 | $0.042 | OrdinaryDividend |
Jan 31, 2023 | $0.046 | OrdinaryDividend |
Dec 30, 2022 | $0.045 | OrdinaryDividend |
Nov 30, 2022 | $0.038 | OrdinaryDividend |
Oct 31, 2022 | $0.044 | OrdinaryDividend |
Sep 30, 2022 | $0.043 | OrdinaryDividend |
Aug 31, 2022 | $0.043 | OrdinaryDividend |
Jul 29, 2022 | $0.042 | OrdinaryDividend |
Jun 30, 2022 | $0.040 | OrdinaryDividend |
May 31, 2022 | $0.041 | OrdinaryDividend |
Apr 29, 2022 | $0.037 | OrdinaryDividend |
Mar 31, 2022 | $0.038 | OrdinaryDividend |
Feb 28, 2022 | $0.034 | OrdinaryDividend |
Jan 31, 2022 | $0.042 | OrdinaryDividend |
Dec 31, 2021 | $0.038 | OrdinaryDividend |
Nov 30, 2021 | $0.037 | OrdinaryDividend |
Oct 29, 2021 | $0.040 | OrdinaryDividend |
Sep 30, 2021 | $0.035 | OrdinaryDividend |
Aug 31, 2021 | $0.034 | OrdinaryDividend |
Jul 30, 2021 | $0.037 | OrdinaryDividend |
Jun 30, 2021 | $0.039 | OrdinaryDividend |
May 28, 2021 | $0.038 | OrdinaryDividend |
Apr 30, 2021 | $0.040 | OrdinaryDividend |
Mar 31, 2021 | $0.041 | OrdinaryDividend |
Feb 26, 2021 | $0.039 | OrdinaryDividend |
Jan 29, 2021 | $0.036 | OrdinaryDividend |
Dec 31, 2020 | $0.069 | OrdinaryDividend |
Nov 30, 2020 | $0.042 | OrdinaryDividend |
Oct 30, 2020 | $0.044 | OrdinaryDividend |
Sep 30, 2020 | $0.043 | OrdinaryDividend |
Aug 31, 2020 | $0.044 | OrdinaryDividend |
Jul 31, 2020 | $0.048 | OrdinaryDividend |
May 29, 2020 | $0.045 | OrdinaryDividend |
Apr 30, 2020 | $0.043 | OrdinaryDividend |
Mar 31, 2020 | $0.049 | OrdinaryDividend |
Jan 31, 2020 | $0.045 | OrdinaryDividend |
Dec 31, 2019 | $0.014 | CapitalGainLongTerm |
Nov 29, 2019 | $0.043 | OrdinaryDividend |
Oct 31, 2019 | $0.045 | OrdinaryDividend |
Sep 30, 2019 | $0.044 | OrdinaryDividend |
Aug 30, 2019 | $0.046 | OrdinaryDividend |
Jul 31, 2019 | $0.047 | OrdinaryDividend |
Jun 28, 2019 | $0.045 | OrdinaryDividend |
ABHFX - Fund Manager Analysis
Managers
Chad Rach
Start Date
Tenure
Tenure Rank
Oct 01, 2011
10.67
10.7%
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.
Jerome Solomon
Start Date
Tenure
Tenure Rank
Oct 01, 2017
4.67
4.7%
Jerome H. Solomon, Partner — Capital Fixed Income Investors, a division of an affiliate of the Capital Guardian Trust Company . Mr. Solomon has been employed by Capital Guardian Trust Company and its affiliates since 2008.
Courtney Wolf
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.58 | 2.52 |