AMERICAN HIGH-INCOME MUNICIPAL BOND FUND
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.3%
1 yr return
14.1%
3 Yr Avg Return
0.3%
5 Yr Avg Return
1.8%
Net Assets
$11 B
Holdings in Top 10
4.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.66%
SALES FEES
Front Load 3.75%
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 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AMHIX - Profile
Distributions
- YTD Total Return 6.3%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.91%
- Dividend Yield 3.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAMERICAN HIGH-INCOME MUNICIPAL BOND FUND
-
Fund Family NameAmerican Funds
-
Inception DateMay 11, 2012
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChad Rach
AMHIX - Performance
Return Ranking - Trailing
Period | AMHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.3% | -2.2% | 11.2% | 24.02% |
1 Yr | 14.1% | 1.9% | 21.3% | 46.08% |
3 Yr | 0.3%* | -8.6% | 2.8% | 10.05% |
5 Yr | 1.8%* | -5.1% | 3.7% | 19.39% |
10 Yr | 3.4%* | -0.5% | 155.4% | 25.58% |
* Annualized
Return Ranking - Calendar
Period | AMHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.8% | -6.2% | 7.5% | 19.12% |
2022 | -14.7% | -26.9% | -3.5% | 20.90% |
2021 | 1.9% | -1.9% | 5.6% | 61.62% |
2020 | 0.8% | -4.0% | 4.2% | 41.12% |
2019 | 5.1% | -0.7% | 9.1% | 49.21% |
Total Return Ranking - Trailing
Period | AMHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.3% | -2.2% | 11.2% | 24.02% |
1 Yr | 14.1% | 1.9% | 21.3% | 46.08% |
3 Yr | 0.3%* | -8.6% | 2.8% | 10.05% |
5 Yr | 1.8%* | -5.1% | 3.7% | 19.39% |
10 Yr | 3.4%* | -0.5% | 155.4% | 25.58% |
* Annualized
Total Return Ranking - Calendar
Period | AMHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -4.1% | 10.9% | 30.88% |
2022 | -11.7% | -26.9% | 4.3% | 22.39% |
2021 | 5.2% | -1.9% | 10.0% | 58.08% |
2020 | 3.0% | -2.6% | 8.2% | 63.45% |
2019 | 8.9% | -0.7% | 1028633.9% | 46.07% |
NAV & Total Return History
AMHIX - Holdings
Concentration Analysis
AMHIX | Category Low | Category High | AMHIX % Rank | |
---|---|---|---|---|
Net Assets | 11 B | 9.79 K | 16.6 B | 3.47% |
Number of Holdings | 3325 | 1 | 3325 | 1.00% |
Net Assets in Top 10 | 585 M | -102 M | 3.51 B | 20.40% |
Weighting of Top 10 | 4.56% | 4.6% | 98.8% | 98.50% |
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 | AMHIX % Rank | |
---|---|---|---|---|
Bonds | 99.48% | 0.00% | 146.69% | 45.10% |
Cash | 0.48% | -0.64% | 100.00% | 52.24% |
Other | 0.04% | -5.59% | 5.07% | 12.94% |
Stocks | 0.00% | 0.00% | 99.62% | 49.51% |
Preferred Stocks | 0.00% | -47.61% | 0.00% | 29.85% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 24.38% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AMHIX % Rank | |
---|---|---|---|---|
Municipal | 96.73% | 0.00% | 100.00% | 74.13% |
Derivative | 0.04% | -7.53% | 2.16% | 7.46% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 58.71% |
Securitized | 0.00% | 0.00% | 22.44% | 29.35% |
Corporate | 0.00% | 0.00% | 2.83% | 65.17% |
Government | 0.00% | 0.00% | 0.09% | 27.36% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AMHIX % Rank | |
---|---|---|---|---|
US | 99.48% | 0.00% | 139.84% | 40.80% |
Non US | 0.00% | 0.00% | 13.35% | 32.34% |
AMHIX - Expenses
Operational Fees
AMHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.66% | 0.22% | 3.44% | 81.28% |
Management Fee | 0.28% | 0.00% | 1.41% | 3.43% |
12b-1 Fee | 0.30% | 0.00% | 1.00% | 62.39% |
Administrative Fee | 0.05% | 0.02% | 0.35% | 23.33% |
Sales Fees
AMHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 1.00% | 4.50% | 53.49% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
AMHIX 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.
AMHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 2.00% | 121.00% | 65.08% |
AMHIX - Distributions
Dividend Yield Analysis
AMHIX | Category Low | Category High | AMHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.65% | 0.00% | 5.94% | 69.12% |
Dividend Distribution Analysis
AMHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
AMHIX | Category Low | Category High | AMHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.91% | 1.11% | 5.44% | 64.71% |
Capital Gain Distribution Analysis
AMHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
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 | $0.050 | OrdinaryDividend |
Jan 31, 2024 | $0.048 | OrdinaryDividend |
Dec 29, 2023 | $0.005 | OrdinaryDividend |
Nov 30, 2023 | $0.047 | OrdinaryDividend |
Oct 31, 2023 | $0.048 | OrdinaryDividend |
Sep 29, 2023 | $0.047 | OrdinaryDividend |
Aug 31, 2023 | $0.048 | OrdinaryDividend |
Jul 31, 2023 | $0.048 | OrdinaryDividend |
Jun 30, 2023 | $0.046 | OrdinaryDividend |
May 31, 2023 | $0.045 | OrdinaryDividend |
Apr 28, 2023 | $0.044 | 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 | $0.039 | 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 | $0.035 | OrdinaryDividend |
Jan 31, 2022 | $0.042 | OrdinaryDividend |
Dec 31, 2021 | $0.038 | OrdinaryDividend |
Nov 30, 2021 | $0.038 | OrdinaryDividend |
Oct 29, 2021 | $0.040 | OrdinaryDividend |
Sep 30, 2021 | $0.035 | OrdinaryDividend |
Aug 31, 2021 | $0.035 | OrdinaryDividend |
Jul 30, 2021 | $0.037 | OrdinaryDividend |
Jun 30, 2021 | $0.040 | OrdinaryDividend |
May 28, 2021 | $0.039 | OrdinaryDividend |
Apr 30, 2021 | $0.041 | 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 | $0.044 | OrdinaryDividend |
Aug 31, 2020 | $0.045 | OrdinaryDividend |
Jul 31, 2020 | $0.049 | OrdinaryDividend |
Mar 31, 2020 | $0.049 | OrdinaryDividend |
Dec 31, 2019 | $0.014 | CapitalGainLongTerm |
Nov 29, 2019 | $0.043 | OrdinaryDividend |
Oct 31, 2019 | $0.046 | OrdinaryDividend |
Sep 30, 2019 | $0.045 | OrdinaryDividend |
Aug 30, 2019 | $0.046 | OrdinaryDividend |
Jul 31, 2019 | $0.047 | OrdinaryDividend |
Jun 28, 2019 | $0.046 | DailyAccrualFund |
Dec 01, 1999 | $0.028 | CapitalGainLongTerm |
Jan 04, 1999 | $0.003 | CapitalGainShortTerm |
Jan 04, 1999 | $0.076 | CapitalGainLongTerm |
Nov 25, 1997 | $0.006 | CapitalGainShortTerm |
Nov 25, 1997 | $0.034 | CapitalGainLongTerm |
Nov 29, 1996 | $0.040 | OrdinaryDividend |
Nov 29, 1996 | $0.048 | CapitalGainShortTerm |
Nov 29, 1996 | $0.092 | CapitalGainLongTerm |
AMHIX - 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 | 7.55 | 2.52 |