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ABHFX American High-Income Municipal Bond F-1

  • Fund
  • ABHFX
  • Price as of: Jun 24, 2019
  • $16.26 + $0.01 + 0.06%
  • Category
  • High Yield Municipal Bonds

ABHFX - Profile

Vitals

  • YTD Return 4.0%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $6.78 B
  • Holdings in Top 10 4.3%

52 WEEK LOW AND HIGH

$16.26
$15.45
$16.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • 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 4.0%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.65%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American High-Income Municipal Bond Fund®
  • Fund Family Name American Funds
  • Inception Date Mar 19, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Karl J. Zeile

Fund Description

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 and may subject the investors to alternative minimum tax. It may invest, without limitation, in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below, or unrated but determined by the fund's investment adviser to be of equivalent quality.

ABHFX - Performance

Return Ranking - Trailing

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% 1.5% 6.6% 65.35%
1 Yr 3.1% -0.4% 6.6% 38.58%
3 Yr 0.1%* -2.2% 2.4% 36.07%
5 Yr 1.3%* -0.5% 2.0% 38.52%
10 Yr 2.6%* 0.8% 6.5% 25.30%

* Annualized


Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -5.6% 4.2% 37.60%
2017 4.5% 0.0% 8.6% 36.00%
2016 -2.2% -6.7% -1.2% 16.39%
2015 0.3% -2.0% 2.9% 50.82%
2014 9.3% 3.6% 83.0% 53.39%

Total Return Ranking - Trailing

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% 1.4% 6.7% 65.35%
1 Yr 3.1% -0.4% 7.2% 43.31%
3 Yr 0.1%* -2.1% 3.2% 41.80%
5 Yr 1.3%* -0.5% 5.3% 44.26%
10 Yr 2.6%* 0.8% 7.3% 31.33%

* Annualized


Total Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -3.7% 4.2% 43.20%
2017 4.5% 0.0% 9.8% 40.00%
2016 -2.2% -4.6% 0.8% 22.13%
2015 0.3% -2.0% 5.3% 56.56%
2014 9.3% 3.6% 83.0% 53.39%

NAV & Total Return History

ABHFX - Holdings

Concentration Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Assets 6.78 B 45.7 M 18.9 B 14.96%
Number of Holdings 2260 42 3378 6.30%
Net Assets in Top 10 306 M 4.84 M 2.12 B 25.20%
Weighting of Top 10 4.31% 4.3% 39.1% 100.00%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 0.89%

  2. CHICAGO ILL BRD ED 7% 0.48%

  3. CHICAGO ILL BRD ED 7% 0.44%

  4. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.42%

  5. HIDEOUT LOC DIST NO 1 UTAH SPL ASSMT 6.75% 0.39%

  6. DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 0% 0.38%

  7. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75% 0.34%

  8. CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5% 0.33%

  9. HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5% 0.31%

  10. PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 1.95% 0.31%


Asset Allocation

Weighting Return Low Return High ABHFX % Rank
Bonds
97.39% 81.91% 103.81% 78.74%
Cash
2.61% -3.81% 18.09% 24.41%
Stocks
0.00% 0.00% 0.55% 86.61%
Preferred Stocks
0.00% 0.00% 0.42% 86.61%
Other
0.00% 0.00% 1.02% 86.61%
Convertible Bonds
0.00% 0.00% 0.00% 86.61%

Bond Sector Breakdown

Weighting Return Low Return High ABHFX % Rank
Municipal
97.39% 91.17% 103.28% 66.93%
Cash & Equivalents
2.61% -3.28% 18.09% 24.41%
Derivative
0.00% -0.12% 0.05% 85.04%
Securitized
0.00% 0.00% 0.02% 86.61%
Corporate
0.00% 0.00% 2.77% 91.34%
Government
0.00% -10.34% 4.74% 80.31%

Bond Geographic Breakdown

Weighting Return Low Return High ABHFX % Rank
US
93.06% 77.16% 103.27% 73.23%
Non US
4.33% 0.00% 12.42% 37.01%

ABHFX - Expenses

Operational Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.27% 1.97% 72.44%
Management Fee 0.28% 0.26% 0.75% 3.94%
12b-1 Fee 0.25% 0.00% 1.00% 50.00%
Administrative Fee 0.05% 0.01% 0.35% 39.02%

Sales Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 3.00% 119.00% 40.16%

ABHFX - Distributions

Dividend Yield Analysis

ABHFX Category Low Category High ABHFX % Rank
Dividend Yield 2.13% 0.01% 3.69% 15.75%

Dividend Distribution Analysis

ABHFX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History