ABHFX: American High-Income Municipal Bond Fund® - MutualFunds.com

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American High-Income Municipal Bond F-1

ABHFX - Snapshot

Vitals

  • YTD Return -2.1%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $7.63 B
  • Holdings in Top 10 4.8%

52 WEEK LOW AND HIGH

$16.12
$14.62
$16.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA N/A

Fund Classification


Compare ABHFX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$16.78

-0.18%

$18.84 B

5.32%

$0.89

-6.73%

0.99%

$9.78

-0.10%

$9.68 B

4.57%

$0.45

-5.05%

1.13%

$9.99

-0.20%

$8.81 B

3.84%

$0.38

-2.92%

0.57%

$12.71

-0.08%

$8.16 B

3.62%

$0.46

-2.08%

0.88%

$16.10

-0.12%

$7.63 B

3.48%

$0.56

-2.07%

0.68%

ABHFX - Profile

Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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 -2.1% -11.4% 1.9% 20.28%
1 Yr 1.5% -8.2% 5.7% 28.37%
3 Yr 4.2%* 1.6% 7.8% 37.98%
5 Yr 4.6%* 2.2% 7.9% 39.20%
10 Yr 5.4%* 3.1% 7.7% 38.93%

* Annualized

Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 11.7% 49.28%
2018 -2.1% -5.7% 95.6% 42.49%
2017 4.5% -0.7% 8.6% 34.50%
2016 -2.2% -6.7% -0.8% 22.09%
2015 0.3% -4.0% 2.9% 45.83%

Total Return Ranking - Trailing

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -11.4% 1.9% 20.28%
1 Yr 1.5% -8.2% 5.7% 20.47%
3 Yr 4.2%* 1.3% 7.8% 31.73%
5 Yr 4.6%* 2.0% 7.9% 33.17%
10 Yr 5.4%* 3.1% 7.7% 34.90%

* Annualized

Total Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 12.0% 49.28%
2018 -2.1% -5.7% 4.2% 46.11%
2017 4.5% -0.7% 9.8% 38.01%
2016 -2.2% -6.1% 1.1% 26.99%
2015 0.3% -4.0% 5.3% 52.78%

NAV & Total Return History


ABHFX - Holdings

Concentration Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Assets 7.63 B 582 K 18.8 B 11.52%
Number of Holdings 2460 3 3503 4.15%
Net Assets in Top 10 403 M -37.3 M 2.43 B 25.35%
Weighting of Top 10 4.77% 4.8% 99.9% 99.53%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.65%
  2. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5.25% 0.58%
  3. BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% 0.58%
  4. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 0% 0.58%
  5. NEW HAMPSHIRE HEALTH & ED FACS AUTH REV 0.11% 0.45%
  6. CHICAGO ILL BRD ED 7% 0.42%
  7. CHICAGO ILL BRD ED 7% 0.39%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.39%
  9. BROWARD CNTY FLA ARPT SYS REV 4% 0.38%
  10. MICHIGAN ST STRATEGIC FD LTD OBLIG REV 0.13% 0.38%

Asset Allocation

Weighting Return Low Return High ABHFX % Rank
Bonds
99.12% 0.00% 145.58% 41.28%
Cash
0.81% -1.38% 100.00% 55.30%
Stocks
0.07% 0.00% 2.62% 11.93%
Preferred Stocks
0.00% -46.20% 0.00% 78.34%
Other
0.00% -1.80% 2.00% 83.41%
Convertible Bonds
0.00% 0.00% 0.00% 80.18%

Stock Sector Breakdown

Weighting Return Low Return High ABHFX % Rank
Utilities
0.00% 0.00% 0.00% N/A
Technology
0.00% 0.00% 0.00% N/A
Real Estate
0.00% 0.00% 0.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 0.00% N/A
Financial Services
0.00% 0.00% 0.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 0.00% N/A
Consumer Defense
0.00% 0.00% 0.00% N/A
Consumer Cyclical
0.00% 0.00% 76.79% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High ABHFX % Rank
US
0.07% 0.00% 2.62% 11.98%
Non US
0.00% 0.00% 0.00% 80.18%

Bond Sector Breakdown

Weighting Return Low Return High ABHFX % Rank
Municipal
99.19% 0.00% 100.00% 43.32%
Cash & Equivalents
0.81% 0.00% 100.00% 54.84%
Derivative
0.00% 0.00% 0.25% 82.03%
Securitized
0.00% 0.00% 0.00% 80.18%
Corporate
0.00% 0.00% 9.75% 90.78%
Government
0.00% 0.00% 0.83% 84.33%

Bond Geographic Breakdown

Weighting Return Low Return High ABHFX % Rank
US
93.89% 0.00% 138.90% 47.93%
Non US
5.23% 0.00% 13.46% 51.15%

ABHFX - Expenses

Operational Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.18% 7.04% 72.43%
Management Fee 0.27% 0.00% 1.60% 3.21%
12b-1 Fee 0.25% 0.00% 1.00% 54.62%
Administrative Fee 0.05% 0.01% 0.35% 30.16%

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 1.00% 5.50% N/A

Trading Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 35.00% 2.00% 314.00% 64.52%

ABHFX - Distributions

Dividend Yield Analysis

ABHFX Category Low Category High ABHFX % Rank
Dividend Yield 0.00% 0.00% 3.44% 80.73%

Dividend Distribution Analysis

ABHFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Income Ratio 3.60% -0.98% 5.67% 56.28%

Capital Gain Distribution Analysis

ABHFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

ABHFX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.92

15.9%

Zeile has been employed by Capital and its affiliates since 1999.

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2011

9.01

9.0%

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

3.0

3.0%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 7.26 0.86