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Name

As of 09/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMERICAN HIGH INCOME TRUST

CITEX | Fund

$9.01

$18.2 B

9.46%

$0.85

0.91%

Vitals

YTD Return

4.3%

1 yr return

8.4%

3 Yr Avg Return

2.9%

5 Yr Avg Return

3.1%

Net Assets

$18.2 B

Holdings in Top 10

16.2%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 66.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250

IRA

$25

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMERICAN HIGH INCOME TRUST

CITEX | Fund

$9.01

$18.2 B

9.46%

$0.85

0.91%

CITEX - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.41%
DIVIDENDS
  • Dividend Yield 9.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AMERICAN HIGH INCOME TRUST
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Aug 04, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Daigle

Fund Description

The fund invests primarily in higher yielding and generally lower quality debt securities (rated Ba1 / BB+ or below by Nationally Recognized Statistical Rating Organizations or unrated but determined by the fund’s investment adviser to be of equivalent quality), including corporate loan obligations. Such securities are sometimes referred to as “junk bonds.” The fund may also invest a portion of its assets in securities of issuers domiciled outside the United States.

The fund may also invest in futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.

The fund is designed for investors seeking a high level of current income and who are able to tolerate greater credit risk and price fluctuations than those that exist in funds investing in higher quality debt securities.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

Read More

CITEX - Performance

Return Ranking - Trailing

Period CITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -6.1% 10.2% 74.56%
1 Yr 8.4% -12.5% 12.0% 76.91%
3 Yr 2.9%* -21.7% 52.9% 32.35%
5 Yr 3.1%* -14.9% 29.4% 33.56%
10 Yr 3.5%* -9.1% 13.5% 45.58%

* Annualized

Return Ranking - Calendar

Period CITEX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.9% -33.4% 3.6% 24.59%
2021 3.7% -47.5% 8.2% 3.40%
2020 0.6% -13.2% 302.7% 33.49%
2019 5.1% -4.4% 13.0% 80.49%
2018 -7.5% -18.4% -0.4% 29.57%

Total Return Ranking - Trailing

Period CITEX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -5.0% 10.2% 74.56%
1 Yr 8.4% -10.9% 12.7% 76.91%
3 Yr 2.9%* -20.9% 60.2% 32.35%
5 Yr 3.1%* -13.0% 35.7% 33.56%
10 Yr 3.5%* -3.7% 19.4% 45.58%

* Annualized

Total Return Ranking - Calendar

Period CITEX Return Category Return Low Category Return High Rank in Category (%)
2022 -9.0% -33.4% 6.5% 36.15%
2021 9.0% -47.5% 12.8% 17.75%
2020 7.5% -7.6% 325.6% 27.14%
2019 13.9% -3.8% 19.4% 49.84%
2018 -2.6% -10.7% 4.5% 35.48%

NAV & Total Return History

CITEX - Holdings

Concentration Analysis

CITEX Category Low Category High CITEX % Rank
Net Assets 18.2 B 390 K 71.1 B 1.45%
Number of Holdings 1001 2 2736 6.72%
Net Assets in Top 10 2.9 B -492 M 2.55 B 1.61%
Weighting of Top 10 16.17% 3.0% 100.0% 37.96%

Top 10 Holdings

  1. CAPITAL GROUP CENTRAL CASH FUND 9.37%
  2. ROTECH HEALTHCARE INC PP (NEW) (NOT LISTED OR TRADING) (DRS) 1.12%
  3. NGL ENERGY OPERATING LLC 144A LIFE SR SEC 1ST LIEN 7.5% 02-01-26 0.98%
  4. FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26 0.91%
  5. FIRST QUANTUM MINERALS LTD 144A LIFE SR UNSEC 6.875% 10-15-27 0.81%
  6. DISH NETWORK CORP 144A LIFE SR SEC 1ST LIEN 11.75% 11-15-27 0.65%
  7. FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26 0.64%
  8. DIEBOLD NIXDORF INC DIP TL-B1 (SOFR+750) (FLR 4.0) 12.64078% 10-02-23 0.64%
  9. TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 5.125% 05-09-29 0.54%
  10. TALEN ENERGY CORP 4(A)(2) (NOT LISTED OR TRADING) 0.50%

Asset Allocation

Weighting Return Low Return High CITEX % Rank
Bonds 		87.31% 0.00% 154.38% 87.65%
Cash 		9.49% -52.00% 100.00% 12.55%
Stocks 		3.16% -0.60% 52.82% 18.17%
Convertible Bonds 		0.98% 0.00% 17.89% 56.20%
Preferred Stocks 		0.09% 0.00% 7.09% 32.41%
Other 		-0.04% -63.70% 32.06% 87.45%

Stock Sector Breakdown

Weighting Return Low Return High CITEX % Rank
Energy 		77.45% 0.00% 100.00% 22.16%
Communication Services 		11.96% 0.00% 99.99% 25.86%
Financial Services 		6.24% 0.00% 100.00% 17.94%
Utilities 		2.41% 0.00% 100.00% 18.73%
Technology 		1.25% 0.00% 34.19% 17.94%
Industrials 		0.70% 0.00% 100.00% 27.70%
Real Estate 		0.00% 0.00% 86.71% 24.01%
Healthcare 		0.00% 0.00% 22.17% 24.27%
Consumer Defense 		0.00% 0.00% 100.00% 26.91%
Consumer Cyclical 		0.00% 0.00% 100.00% 43.80%
Basic Materials 		0.00% 0.00% 100.00% 35.09%

Stock Geographic Breakdown

Weighting Return Low Return High CITEX % Rank
US 		3.16% -0.60% 47.59% 18.25%
Non US 		0.00% -0.01% 5.26% 20.29%

Bond Sector Breakdown

Weighting Return Low Return High CITEX % Rank
Corporate 		93.06% 0.00% 129.69% 66.23%
Cash & Equivalents 		9.37% 0.00% 99.98% 11.82%
Government 		0.43% 0.00% 99.07% 20.47%
Securitized 		0.04% 0.00% 97.24% 39.47%
Municipal 		0.00% 0.00% 4.66% 14.33%
Derivative 		-0.04% 0.00% 45.95% 85.55%

Bond Geographic Breakdown

Weighting Return Low Return High CITEX % Rank
US 		87.10% 0.00% 150.64% 75.04%
Non US 		0.21% 0.00% 118.12% 40.29%

CITEX - Expenses

Operational Fees

CITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.03% 18.97% 57.89%
Management Fee 0.26% 0.00% 1.84% 2.62%
12b-1 Fee 0.50% 0.00% 1.00% 61.18%
Administrative Fee 0.03% 0.00% 0.50% 6.53%

Sales Fees

CITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CITEX 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.

CITEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 1.00% 255.00% 53.40%

CITEX - Distributions

Dividend Yield Analysis

CITEX Category Low Category High CITEX % Rank
Dividend Yield 9.46% 0.00% 37.17% 43.11%

Dividend Distribution Analysis

CITEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CITEX Category Low Category High CITEX % Rank
Net Income Ratio 4.41% -2.39% 14.30% 49.33%

Capital Gain Distribution Analysis

CITEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

CITEX - Fund Manager Analysis

Managers

David Daigle

Start Date

Tenure

Tenure Rank

Dec 01, 2003

18.51

18.5%

David A. Daigle is a fixed income portfolio manager at Capital Group. He has 27 years of investment experience, all with Capital Group. Earlier in his career at Capital, David also had investment analyst responsibilities and covered multiple industries including health care, wireless communications, technology, and transportation. He holds an MBA with honors from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from the University of Vermont. David is based in New York.

Thomas Chow

Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

Mr. Chow is a vice president and portfolio manager for Capital Research and Management Company. Prior to joinming Caital Research 2014, Mr. Chow is a member of the taxable fixed income portfolio management team for Delaware. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.

Tara Torrens

Start Date

Tenure

Tenure Rank

Jun 01, 2015

7.0

7.0%

Tara L. Torrens has been with Capital Research and Management Company or affiliate since 2003.

Shannon Ward

Start Date

Tenure

Tenure Rank

Dec 01, 2016

5.5

5.5%

Shannon Ward is a fixed income portfolio manager at Capital Group. She also serves on the Target Date Solutions Committee. She has 29 years of investment industry experience and has been with Capital Group for five years. Prior to joining Capital, Shannon worked as a portfolio manager at Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelor's degree in psychology from University of California, Santa Barbara. Shannon is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.15 8.17

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