AMHIX: American High-Income Municipal Bond A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

AMHIX American High-Income Municipal Bond A


Profile

AMHIX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $7.61 B
  • Holdings in Top 10 4.6%

52 WEEK LOW AND HIGH

$16.59
$15.62
$16.59

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 0.9%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.67%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American High-Income Municipal Bond Fund® Class A
  • 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

Get Updates About AMHIX

Sign up for Advisor Access to receive email updates about AMHIX competitors, news, CE accredited webcasts and more.


Categories

Performance

AMHIX - Performance

Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -0.3% 1.6% 73.10%
1 Yr 6.2% 0.0% 14.1% 55.96%
3 Yr 2.7%* -0.1% 10.0% 49.39%
5 Yr 1.1%* -1.2% 7.9% 43.66%
10 Yr 1.9%* -0.4% 8.2% 25.74%

* Annualized

Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 9.1% 47.64%
2018 -2.1% -5.7% 9.2% 40.22%
2017 4.5% -9.7% 8.6% 33.13%
2016 -2.2% -6.1% -0.8% 21.57%
2015 0.3% -5.6% 2.9% 44.85%

Total Return Ranking - Trailing

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -0.3% 1.6% 73.10%
1 Yr 6.2% 0.0% 14.1% 53.37%
3 Yr 2.7%* -0.1% 10.0% 52.44%
5 Yr 1.1%* -1.2% 7.9% 47.18%
10 Yr 1.9%* -0.4% 8.2% 29.70%

* Annualized

Total Return Ranking - Calendar

Period AMHIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -0.7% 9.9% 47.64%
2018 -2.1% -5.7% 9.2% 43.02%
2017 4.5% -9.7% 8.8% 36.25%
2016 -2.2% -6.1% 1.0% 25.49%
2015 0.3% -5.6% 5.3% 48.53%

NAV & Total Return History


Holdings

AMHIX - Holdings

Concentration Analysis

AMHIX Category Low Category High AMHIX % Rank
Net Assets 7.61 B 30 22.7 B 11.56%
Number of Holdings 2547 6 3788 3.05%
Net Assets in Top 10 386 M -42.3 M 2.35 B 20.30%
Weighting of Top 10 4.60% 4.6% 98.8% 97.97%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.85%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 0.78%
  3. CHICAGO ILL BRD ED 7% 0.43%
  4. CHICAGO ILL BRD ED 7% 0.40%
  5. MICHIGAN ST STRATEGIC FD LTD OBLIG REV 1.59% 0.40%
  6. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5.25% 0.38%
  7. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.36%
  8. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75% 0.35%
  9. HIDEOUT LOC DIST NO 1 UTAH SPL ASSMT 6.75% 0.33%
  10. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 0.32%

Asset Allocation

Weighting Return Low Return High AMHIX % Rank
Bonds
98.15% 87.19% 144.05% 69.04%
Cash
1.84% -5.30% 11.78% 26.90%
Stocks
0.01% 0.00% 0.60% 6.09%
Preferred Stocks
0.00% -44.14% 0.40% 24.37%
Other
0.00% -0.79% 1.65% 35.03%
Convertible Bonds
0.00% 0.00% 0.01% 24.37%

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% 19.78% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High AMHIX % Rank
US
0.01% 0.00% 0.60% 6.09%
Non US
0.00% 0.00% 0.00% 22.84%

Bond Sector Breakdown

Weighting Return Low Return High AMHIX % Rank
Municipal
98.19% 87.68% 100.00% 56.85%
Cash & Equivalents
1.72% 0.00% 12.32% 28.93%
Securitized
0.09% 0.00% 0.09% 0.51%
Derivative
0.00% 0.00% 0.24% 31.47%
Corporate
0.00% 0.00% 7.90% 48.73%
Government
0.00% -2.36% 6.20% 34.01%

Bond Geographic Breakdown

Weighting Return Low Return High AMHIX % Rank
US
92.17% 79.66% 138.15% 58.38%
Non US
5.98% 0.00% 14.04% 40.61%

Expenses

AMHIX - Expenses

Operational Fees

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.21% 2.78% 79.08%
Management Fee 0.28% 0.00% 1.32% 1.00%
12b-1 Fee 0.30% 0.00% 1.00% 60.68%
Administrative Fee 0.01% 0.01% 0.35% 1.79%

Sales Fees

AMHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 4.75% 60.42%
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% 6.16% 125.00% 29.44%

Distributions

AMHIX - Distributions

Dividend Yield Analysis

AMHIX Category Low Category High AMHIX % Rank
Dividend Yield 0.90% 0.00% 19642.37% 51.00%

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% 1.99% 5.67% 62.24%

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

15.17

15.2%

Zeile has been employed by Capital and its affiliates since 1999

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2011

8.25

8.3%

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

2.25

2.3%

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
0.11 28.02 7.19 0.11