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AMHIX American High-Income Municipal Bond A

  • Fund
  • AMHIX
  • Price as of: May 22, 2019
  • $16.15 - $0.00 - 0.00%
  • Category
  • High Yield Municipal Bonds

AMHIX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $6.58 B
  • Holdings in Top 10 4.3%

52 WEEK LOW AND HIGH

$16.15
$15.45
$16.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$250

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.72%
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 J. Zeile

AMHIX - Performance

Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 1.2% 5.8% 66.93%
1 Yr 2.7% -0.6% 6.4% 29.13%
3 Yr 0.4%* -1.9% 2.5% 25.41%
5 Yr 1.1%* -0.4% 13.3% 41.32%
10 Yr 2.4%* 0.8% 6.4% 26.25%

* Annualized


Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -5.6% 4.2% 35.20%
2017 4.5% 0.0% 8.6% 33.60%
2016 -2.2% -6.7% -1.2% 13.93%
2015 0.3% -2.0% 2.9% 48.36%
2014 9.3% 3.6% 83.0% 50.85%

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 1.2% 5.9% 66.93%
1 Yr 2.7% -0.6% 7.4% 34.65%
3 Yr 0.4%* -1.9% 3.6% 31.15%
5 Yr 1.1%* -0.4% 13.3% 47.93%
10 Yr 2.4%* 0.8% 7.3% 32.50%

* Annualized


Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -3.7% 4.2% 40.80%
2017 4.5% 0.0% 9.8% 37.60%
2016 -2.2% -4.6% 0.8% 19.67%
2015 0.3% -2.0% 5.3% 54.10%
2014 9.3% 3.6% 83.0% 50.85%

NAV & Total Return History

AMHIX - Holdings

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank
Net Assets 6.58 B 45.7 M 18.9 B 12.60%
Number of Holdings 2260 42 3288 3.94%
Net Assets in Top 10 306 M 4.84 M 2.07 B 22.83%
Weighting of Top 10 4.31% 4.3% 39.1% 97.64%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 0.89%

  2. CHICAGO ILL BRD ED 7% 0.48%

  3. CHICAGO ILL BRD ED 7% 0.44%

  4. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.42%

  5. HIDEOUT LOC DIST NO 1 UTAH SPL ASSMT 6.75% 0.39%

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

  7. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75% 0.34%

  8. CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5% 0.33%

  9. HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5% 0.31%

  10. PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 1.95% 0.31%


Asset Allocation

Weighting Return Low Return High AMHIX % Rank
Bonds
97.39% 81.91% 103.81% 74.80%
Cash
2.61% -3.81% 18.09% 20.47%
Stocks
0.00% 0.00% 0.53% 8.66%
Preferred Stocks
0.00% 0.00% 0.39% 3.94%
Other
0.00% -1.58% 1.29% 14.17%
Convertible Bonds
0.00% 0.00% 0.00% 1.57%

Bond Sector Breakdown

Weighting Return Low Return High AMHIX % Rank
Municipal
97.39% 91.17% 103.16% 66.14%
Cash & Equivalents
2.61% -3.28% 18.09% 20.47%
Derivative
0.00% -0.12% 0.06% 7.87%
Securitized
0.00% 0.00% 0.02% 3.94%
Corporate
0.00% 0.00% 2.59% 32.28%
Government
0.00% -10.34% 4.74% 4.72%

Bond Geographic Breakdown

Weighting Return Low Return High AMHIX % Rank
US
93.06% 77.16% 103.15% 70.87%
Non US
4.33% 0.00% 12.42% 31.50%

AMHIX - Expenses

Operational Fees

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.27% 1.85% 81.89%
Management Fee 0.28% 0.26% 0.75% 1.57%
12b-1 Fee 0.30% 0.00% 1.00% 55.21%
Administrative Fee 0.01% 0.01% 0.35% 2.27%

Sales Fees

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 4.75% 62.16%
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

AMHIX 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.

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 3.00% 119.00% 34.65%

AMHIX - Distributions

Dividend Yield Analysis

AMHIX Category Low Category High AMHIX % Rank
Dividend Yield 0.03% 0.01% 1.32% 62.20%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AMHIX Category Low Category High AMHIX % Rank
Net Income Ratio 3.72% 1.39% 5.43% 51.18%

Capital Gain Distribution Analysis

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

AMHIX - Managers

Karl J. Zeile

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.5

14.5%

Zeile has been employed by Capital and its affiliates since 1999


Chad M. Rach

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2011

7.58

7.6%

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

1.58

1.6%

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

30.35

Category Average

8.45

Category Mode

6.25