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Trending ETFs

AMERICAN HIGH-INCOME MUNICIPAL BOND FUND

mutual fund
ABHFX
Payout Change
Pending
Price as of:
$15.41 +0.01 +0.06%
primary theme
High Yield Municipal Bond
ABHFX (Mutual Fund)

AMERICAN HIGH-INCOME MUNICIPAL BOND FUND

Payout Change
Pending
Price as of:
$15.41 +0.01 +0.06%
primary theme
High Yield Municipal Bond
ABHFX (Mutual Fund)

AMERICAN HIGH-INCOME MUNICIPAL BOND FUND

Payout Change
Pending
Price as of:
$15.41 +0.01 +0.06%
primary theme
High Yield Municipal Bond

Name

As of 11/05/2024

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

$15.41

$11 B

4.05%

$0.62

0.69%

Vitals

YTD Return

6.3%

1 yr return

14.1%

3 Yr Avg Return

0.3%

5 Yr Avg Return

2.0%

Net Assets

$11 B

Holdings in Top 10

4.6%

52 WEEK LOW AND HIGH

$15.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/05/2024

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

$15.41

$11 B

4.05%

$0.62

0.69%

ABHFX - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    AMERICAN HIGH-INCOME MUNICIPAL BOND FUND
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    May 11, 2012
  • Shares Outstanding
    N/A
  • Share Class
    F1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chad Rach

Fund Description

In seeking to achieve its objective, the fund may accept risks to capital value deemed prudent by the fund's investment adviser to take advantage of opportunities for higher current income on municipal bonds. Municipal bonds are debt obligations that pay interest that is exempt from federal taxation, with payments made from a wide variety of sources, including governmental revenue streams and private enterprises.

Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. The fund may invest, without limitation, in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. Securities rated BB+ or below and Ba1 or below are sometimes referred to as “junk bonds.”

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.

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ABHFX - Performance

Return Ranking - Trailing

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -2.2% 11.2% 16.18%
1 Yr 14.1% 1.9% 21.3% 35.29%
3 Yr 0.3%* -8.7% 2.8% 8.04%
5 Yr 2.0%* -5.1% 3.7% 12.18%
10 Yr 3.4%* -0.5% 155.5% 21.71%

* Annualized

Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -6.2% 7.5% 19.61%
2022 -14.7% -26.9% -3.5% 21.39%
2021 1.9% -1.9% 5.6% 62.12%
2020 0.8% -4.0% 4.2% 41.62%
2019 5.1% -0.7% 9.1% 49.74%

Total Return Ranking - Trailing

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -2.2% 11.2% 16.18%
1 Yr 14.1% 1.9% 21.3% 35.29%
3 Yr 0.3%* -8.7% 2.8% 8.04%
5 Yr 2.0%* -5.1% 3.7% 12.18%
10 Yr 3.4%* -0.5% 155.5% 21.71%

* Annualized

Total Return Ranking - Calendar

Period ABHFX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -4.1% 10.9% 32.35%
2022 -11.7% -26.9% 4.3% 22.89%
2021 5.1% -1.9% 10.0% 60.10%
2020 3.9% -2.6% 8.2% 37.56%
2019 8.9% -0.7% 1028633.9% 47.64%

NAV & Total Return History


ABHFX - Holdings

Concentration Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Assets 11 B 9.79 K 16.6 B 3.96%
Number of Holdings 3325 1 3325 1.49%
Net Assets in Top 10 585 M -102 M 3.51 B 20.90%
Weighting of Top 10 4.56% 4.6% 98.8% 99.00%

Top 10 Holdings

  1. COMMONWEALTH OF PUERTO RICO 0.0% 11-01-51 0.75%
  2. COMMONWEALTH OF PUERTO RICO FRN 11-01-43 0.60%
  3. PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE 0.0% 07-01-46 0.58%
  4. UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT AJL PROJECT AREA 4.375% 06-01-52 0.43%
  5. WASTE PRO USA INC 3.0% 06-01-32 0.40%
  6. BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 0.39%
  7. PUERTO RICO COMMONWEALTH AQUEDUCT SEWER AUTHORITY 4.0% 07-01-42 0.38%
  8. CSCDA COMMUNITY IMPROVEMENT AUTHORITY UNION SOUTH BAY 4.0% 07-01-56 0.37%
  9. TRIBOROUGH BRIDGE TUNNEL AUTHORITY FRN 01-01-35 0.34%
  10. IOWA TOBACCO SETTLEMENT AUTHORITY 0.0% 06-01-65 0.32%

Asset Allocation

Weighting Return Low Return High ABHFX % Rank
Bonds
99.48% 0.00% 146.69% 45.59%
Cash
0.48% -0.64% 100.00% 52.74%
Other
0.04% -5.59% 5.07% 13.43%
Stocks
0.00% 0.00% 99.62% 99.02%
Preferred Stocks
0.00% -47.61% 0.00% 96.52%
Convertible Bonds
0.00% 0.00% 0.00% 96.52%

Bond Sector Breakdown

Weighting Return Low Return High ABHFX % Rank
Municipal
96.73% 0.00% 100.00% 74.63%
Derivative
0.04% -7.53% 2.16% 7.96%
Cash & Equivalents
0.00% 0.00% 100.00% 96.52%
Securitized
0.00% 0.00% 22.44% 96.52%
Corporate
0.00% 0.00% 2.83% 99.00%
Government
0.00% 0.00% 0.09% 96.52%

Bond Geographic Breakdown

Weighting Return Low Return High ABHFX % Rank
US
99.48% 0.00% 139.84% 41.29%
Non US
0.00% 0.00% 13.35% 96.52%

ABHFX - Expenses

Operational Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.22% 3.44% 74.88%
Management Fee 0.28% 0.00% 1.41% 3.92%
12b-1 Fee 0.25% 0.00% 1.00% 61.47%
Administrative Fee 0.05% 0.02% 0.35% 31.67%

Sales Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

ABHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 2.00% 121.00% 66.14%

ABHFX - Distributions

Dividend Yield Analysis

ABHFX Category Low Category High ABHFX % Rank
Dividend Yield 4.05% 0.00% 5.94% 70.10%

Dividend Distribution Analysis

ABHFX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

ABHFX Category Low Category High ABHFX % Rank
Net Income Ratio 2.90% 1.11% 5.44% 67.65%

Capital Gain Distribution Analysis

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

Distributions History

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ABHFX - Fund Manager Analysis

Managers

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2011

10.67

10.7%

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

4.67

4.7%

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.

Courtney Wolf


Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.55 2.52