AMHIX: American High-Income Municipal Bond A

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AMHIX American High-Income Municipal Bond A


Profile

AMHIX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $7.53 B
  • Holdings in Top 10 4.8%

52 WEEK LOW AND HIGH

$16.17
$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 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.67%
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

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Categories

Performance

AMHIX - Performance

Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -11.9% 2.7% 22.82%
1 Yr -1.4% -12.6% 5.3% 25.12%
3 Yr 0.5%* -3.4% 3.0% 24.32%
5 Yr 1.0%* -2.2% 2.5% 29.87%
10 Yr 1.3%* -1.4% 1.8% 10.38%

* Annualized

Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 9.1% 50.00%
2018 -2.1% -5.7% 9.2% 42.47%
2017 4.5% -9.7% 8.6% 34.34%
2016 -2.2% -6.7% -0.8% 23.27%
2015 0.3% -5.6% 2.9% 45.32%

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -11.9% 2.7% 22.82%
1 Yr -1.4% -12.6% 5.3% 25.12%
3 Yr 0.5%* -2.7% 3.5% 28.65%
5 Yr 1.0%* -2.2% 4.5% 35.71%
10 Yr 1.3%* -1.4% 5.2% 18.87%

* Annualized

Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 9.1% 50.00%
2018 -2.1% -4.8% 9.2% 46.77%
2017 4.5% -9.7% 9.8% 37.95%
2016 -2.2% -6.1% 1.1% 28.30%
2015 0.3% -5.6% 5.3% 52.52%

NAV & Total Return History


Holdings

AMHIX - Holdings

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank
Net Assets 7.53 B 583 K 18.8 B 10.95%
Number of Holdings 2446 3 3503 3.33%
Net Assets in Top 10 382 M -37.3 M 2.43 B 27.62%
Weighting of Top 10 4.78% 4.8% 69.7% 98.55%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.63%
  2. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5.25% 0.62%
  3. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 0% 0.60%
  4. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.57%
  5. CHICAGO ILL BRD ED 7% 0.42%
  6. BROWARD CNTY FLA ARPT SYS REV 4% 0.40%
  7. CHICAGO ILL BRD ED 7% 0.40%
  8. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.39%
  9. MICHIGAN ST STRATEGIC FD LTD OBLIG REV 0.13% 0.38%
  10. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75% 0.37%

Asset Allocation

Weighting Return Low Return High AMHIX % Rank
Bonds
98.02% 0.00% 145.58% 47.87%
Cash
1.92% -1.38% 100.00% 46.19%
Stocks
0.05% 0.00% 2.62% 10.43%
Preferred Stocks
0.00% -46.20% 0.00% 38.10%
Other
0.00% -1.80% 2.96% 44.76%
Convertible Bonds
0.00% 0.00% 0.00% 39.52%

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% 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% 72.13% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High AMHIX % Rank
US
0.05% 0.00% 2.62% 10.48%
Non US
0.00% 0.00% 0.00% 39.52%

Bond Sector Breakdown

Weighting Return Low Return High AMHIX % Rank
Municipal
98.08% 0.00% 100.00% 51.90%
Cash & Equivalents
1.92% 0.00% 100.00% 44.76%
Derivative
0.00% 0.00% 0.25% 42.38%
Securitized
0.00% 0.00% 0.00% 39.52%
Corporate
0.00% 0.00% 9.75% 61.90%
Government
0.00% -2.36% 0.87% 45.71%

Bond Geographic Breakdown

Weighting Return Low Return High AMHIX % Rank
US
92.40% 0.00% 138.90% 51.43%
Non US
5.62% 0.00% 14.58% 48.57%

Expenses

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% 76.56%
Management Fee 0.28% 0.00% 1.25% 1.42%
12b-1 Fee 0.30% 0.00% 1.00% 59.50%
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% 56.25%
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 20.00% 5.10% 314.00% 35.24%

Distributions

AMHIX - Distributions

Dividend Yield Analysis

AMHIX Category Low Category High AMHIX % Rank
Dividend Yield 0.00% 0.00% 0.62% 41.23%

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 3.67% -0.98% 5.67% 49.28%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AMHIX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.84

15.8%

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

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2011

8.92

8.9%

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

2.92

2.9%

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
0.06 28.69 7.27 0.78