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

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American High-Income Municipal Bond A

AMHIX - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $7.74 B
  • Holdings in Top 10 4.8%

52 WEEK LOW AND HIGH

$16.38
$14.62
$16.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load 3.75%
  • 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 AMHIX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$17.26

+0.12%

$18.58 B

0.00%

$0.00

-4.06%

-

$10.02

+0.10%

$9.63 B

-

$0.00

-2.72%

-

$10.27

0.00%

$8.89 B

-

$0.00

-0.19%

-

$12.99

0.00%

$8.49 B

0.00%

$0.00

0.08%

-

$16.39

+0.06%

$7.74 B

-

$0.00

-0.30%

-

AMHIX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.63%
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
    Sep 26, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Karl Zeile

AMHIX - Performance

Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -11.4% 4.0% 29.86%
1 Yr 1.6% -8.3% 5.2% 20.56%
3 Yr 4.2%* 1.4% 8.2% 36.71%
5 Yr 4.5%* 2.1% 7.6% 35.86%
10 Yr 5.4%* 3.1% 7.7% 36.49%

* Annualized

Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 11.7% 48.54%
2018 -2.1% -5.7% 95.6% 41.67%
2017 4.5% -0.7% 8.6% 33.53%
2016 -2.2% -6.7% -0.8% 20.99%
2015 0.3% -4.0% 2.9% 44.76%

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -11.4% 4.0% 29.86%
1 Yr -2.2% -8.3% 5.2% 74.30%
3 Yr 2.9%* 1.3% 8.2% 72.46%
5 Yr 3.7%* 1.9% 7.6% 57.07%
10 Yr 5.0%* 3.1% 7.7% 47.97%

* Annualized

Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 12.0% 48.54%
2018 -2.1% -5.7% 4.2% 45.31%
2017 4.5% -0.7% 9.8% 37.06%
2016 -2.2% -6.1% 1.1% 25.93%
2015 0.3% -4.0% 5.3% 51.75%

NAV & Total Return History


AMHIX - Holdings

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank
Net Assets 7.74 B 478 K 18.6 B 10.60%
Number of Holdings 2460 5 3470 3.21%
Net Assets in Top 10 403 M -38.2 M 2.4 B 26.61%
Weighting of Top 10 4.77% 4.8% 99.9% 98.62%

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 AMHIX % Rank
Bonds
99.12% 66.11% 143.82% 47.71%
Cash
0.81% -1.34% 32.09% 47.71%
Stocks
0.07% 0.00% 2.72% 11.01%
Preferred Stocks
0.00% -43.98% 0.00% 44.50%
Other
0.00% -1.80% 3.80% 51.83%
Convertible Bonds
0.00% 0.00% 0.00% 45.87%

Stock Sector Breakdown

Weighting Return Low Return High AMHIX % 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% 0.00% 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 AMHIX % Rank
US
0.07% 0.00% 2.72% 11.01%
Non US
0.00% 0.00% 0.00% 45.87%

Bond Sector Breakdown

Weighting Return Low Return High AMHIX % Rank
Municipal
99.19% 67.32% 100.00% 46.33%
Cash & Equivalents
0.81% 0.00% 32.68% 47.25%
Derivative
0.00% 0.00% 0.23% 46.79%
Securitized
0.00% 0.00% 0.00% 45.41%
Corporate
0.00% 0.00% 12.53% 63.30%
Government
0.00% 0.00% 0.80% 50.00%

Bond Geographic Breakdown

Weighting Return Low Return High AMHIX % Rank
US
93.89% 66.11% 136.78% 49.08%
Non US
5.23% 0.00% 12.73% 45.41%

AMHIX - Expenses

Operational Fees

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.18% 7.04% 73.95%
Management Fee 0.27% 0.00% 1.60% 2.29%
12b-1 Fee 0.30% 0.00% 1.00% 61.34%
Administrative Fee 0.01% 0.01% 0.35% 1.59%

Sales Fees

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 4.75% 63.64%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AMHIX 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.

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 2.00% 314.00% 57.14%

AMHIX - Distributions

Dividend Yield Analysis

AMHIX Category Low Category High AMHIX % Rank
Dividend Yield 0.00% 0.00% 3.06% 47.71%

Dividend Distribution Analysis

AMHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AMHIX Category Low Category High AMHIX % Rank
Net Income Ratio 3.63% -0.98% 6.28% 51.85%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AMHIX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Nov 01, 2004

16.01

16.0%

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

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2011

9.09

9.1%

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

3.08

3.1%

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
0.02 22.6 7.04 0.94
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