ABHFX: American High-Income Municipal Bond F-1

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ABHFX American High-Income Municipal Bond F-1

  • Fund
  • ABHFX
  • Price as of: Oct 18, 2019
  • $16.43 - $0.00 - 0.00%

ABHFX - Profile

Vitals

  • YTD Return 5.1%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $7.33 B
  • Holdings in Top 10 4.4%

52 WEEK LOW AND HIGH

$16.43
$15.45
$16.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$250

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 2.6%
  • 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 5.1% 0.5% 8.5% 54.08%
1 Yr 8.7% 0.2% 10.5% 11.73%
3 Yr 4.3%* -1.7% 6.6% 14.37%
5 Yr 5.1%* -1.2% 6.7% 13.89%
10 Yr 6.0%* -0.4% 7.7% 12.12%

* Annualized


Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -5.7% 9.2% 42.62%
2017 4.5% -9.7% 8.6% 33.13%
2016 -2.2% -6.1% -0.8% 21.79%
2015 0.3% -5.6% 2.9% 46.76%
2014 9.3% 2.9% 83.0% 46.97%

Total Return Ranking - Trailing

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% 0.5% 9.3% 54.08%
1 Yr 8.7% -0.6% 10.5% 7.14%
3 Yr 4.3%* -1.7% 6.1% 11.38%
5 Yr 5.1%* -1.2% 6.5% 11.81%
10 Yr 6.0%* -0.4% 7.3% 11.11%

* Annualized


Total Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -5.7% 9.2% 45.36%
2017 4.5% -9.7% 8.8% 36.20%
2016 -2.2% -6.1% 1.0% 25.64%
2015 0.3% -5.6% 5.3% 50.36%
2014 9.3% 2.9% 83.0% 46.97%

NAV & Total Return History

ABHFX - Holdings

Concentration Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Assets 7.33 B 13 M 21.6 B 12.50%
Number of Holdings 2427 6 3616 3.98%
Net Assets in Top 10 351 M -42.3 M 2.21 B 22.39%
Weighting of Top 10 4.37% 4.4% 98.8% 99.00%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 0.81%

  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.54%

  3. CHICAGO ILL BRD ED 7% 0.45%

  4. MICHIGAN ST STRATEGIC FD LTD OBLIG REV 1.83% 0.42%

  5. CHICAGO ILL BRD ED 7% 0.41%

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

  7. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.38%

  8. HIDEOUT LOC DIST NO 1 UTAH SPL ASSMT 6.75% 0.34%

  9. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.28% 0.32%

  10. ILLINOIS ST 5% 0.31%


Asset Allocation

Weighting Return Low Return High ABHFX % Rank
Bonds
97.49% 92.43% 144.77% 70.15%
Cash
2.51% -3.98% 7.57% 29.35%
Stocks
0.00% 0.00% 0.58% 69.65%
Preferred Stocks
0.00% -44.89% 0.41% 65.17%
Other
0.00% -0.41% 1.04% 67.16%
Convertible Bonds
0.00% 0.00% 0.01% 65.67%

Bond Sector Breakdown

Weighting Return Low Return High ABHFX % Rank
Municipal
97.48% 92.43% 144.05% 74.63%
Cash & Equivalents
2.51% -3.51% 7.36% 28.86%
Corporate
0.01% -44.89% 6.89% 34.83%
Derivative
0.00% -0.11% 0.05% 65.17%
Securitized
0.00% 0.00% 0.03% 65.67%
Government
0.00% -5.20% 4.94% 54.73%

Bond Geographic Breakdown

Weighting Return Low Return High ABHFX % Rank
US
92.75% 83.19% 139.64% 61.69%
Non US
4.74% 0.00% 13.99% 49.75%

ABHFX - Expenses

Operational Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.21% 3.71% 73.85%
Management Fee 0.28% 0.00% 1.32% 1.99%
12b-1 Fee 0.25% 0.00% 1.00% 51.67%
Administrative Fee 0.05% 0.01% 0.35% 35.21%

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 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 20.00% 1.00% 280.00% 33.00%

ABHFX - Distributions

Dividend Yield Analysis

ABHFX Category Low Category High ABHFX % Rank
Dividend Yield 2.57% 0.00% 19778.08% 19.90%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Income Ratio 3.61% 1.46% 6.17% 65.64%

Capital Gain Distribution Analysis

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

ABHFX - Managers

Karl J. Zeile

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.92

14.9%

Zeile has been employed by Capital and its affiliates since 1999


Chad M. Rach

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2011

8.0

8.0%

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 H. Solomon

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2017

2.0

2.0%

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

0.17

Category High

27.77

Category Average

7.46

Category Mode

3.5