Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.5%
1 yr return
13.6%
3 Yr Avg Return
0.5%
5 Yr Avg Return
2.2%
Net Assets
$11 B
Holdings in Top 10
4.6%
Expense Ratio 0.32%
Front Load N/A
Deferred Load N/A
Turnover 24.00%
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
$25
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
Period | HIMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.5% | -2.9% | 10.2% | 10.29% |
1 Yr | 13.6% | 1.3% | 19.0% | 21.08% |
3 Yr | 0.5%* | -9.0% | 2.6% | 3.52% |
5 Yr | 2.2%* | -5.1% | 3.7% | 7.61% |
10 Yr | N/A* | -0.6% | 155.4% | 26.25% |
* Annualized
Period | HIMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.8% | -6.2% | 7.5% | 19.12% |
2022 | -14.7% | -26.9% | -3.5% | 20.90% |
2021 | 1.9% | -1.9% | 5.6% | 61.62% |
2020 | 0.8% | -4.0% | 4.2% | 41.12% |
2019 | 5.1% | -0.7% | 9.1% | 49.21% |
Period | HIMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.5% | -2.9% | 10.2% | 10.29% |
1 Yr | 13.6% | 1.3% | 19.0% | 21.08% |
3 Yr | 0.5%* | -9.0% | 2.6% | 3.52% |
5 Yr | 2.2%* | -5.1% | 3.7% | 7.61% |
10 Yr | N/A* | -0.6% | 155.4% | 23.13% |
* Annualized
Period | HIMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.2% | -4.1% | 10.9% | 23.53% |
2022 | -11.3% | -26.9% | 4.3% | 18.41% |
2021 | 5.6% | -1.9% | 10.0% | 46.46% |
2020 | 3.5% | -2.6% | 8.2% | 50.76% |
2019 | 9.3% | -0.7% | 1028633.9% | 33.51% |
HIMFX | Category Low | Category High | HIMFX % Rank | |
---|---|---|---|---|
Net Assets | 11 B | 9.79 K | 16.6 B | 3.47% |
Number of Holdings | 3325 | 1 | 3325 | 1.00% |
Net Assets in Top 10 | 585 M | -102 M | 3.51 B | 20.40% |
Weighting of Top 10 | 4.56% | 4.6% | 98.8% | 98.50% |
Weighting | Return Low | Return High | HIMFX % Rank | |
---|---|---|---|---|
Bonds | 99.48% | 0.00% | 146.69% | 45.10% |
Cash | 0.48% | -0.64% | 100.00% | 52.24% |
Other | 0.04% | -5.59% | 5.07% | 12.94% |
Stocks | 0.00% | 0.00% | 99.62% | 42.16% |
Preferred Stocks | 0.00% | -47.61% | 0.00% | 19.40% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 13.43% |
Weighting | Return Low | Return High | HIMFX % Rank | |
---|---|---|---|---|
Municipal | 96.73% | 0.00% | 100.00% | 74.13% |
Derivative | 0.04% | -7.53% | 2.16% | 7.46% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 54.23% |
Securitized | 0.00% | 0.00% | 22.44% | 18.91% |
Corporate | 0.00% | 0.00% | 2.83% | 60.20% |
Government | 0.00% | 0.00% | 0.09% | 17.91% |
Weighting | Return Low | Return High | HIMFX % Rank | |
---|---|---|---|---|
US | 99.48% | 0.00% | 139.84% | 40.80% |
Non US | 0.00% | 0.00% | 13.35% | 21.89% |
HIMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.32% | 0.22% | 3.44% | 98.52% |
Management Fee | 0.28% | 0.00% | 1.41% | 3.43% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.02% | 0.35% | 23.33% |
HIMFX 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 |
HIMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
HIMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 2.00% | 121.00% | 65.08% |
HIMFX | Category Low | Category High | HIMFX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.42% | 0.00% | 5.94% | 61.76% |
HIMFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
HIMFX | Category Low | Category High | HIMFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.22% | 1.11% | 5.44% | 47.06% |
HIMFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.057 | OrdinaryDividend |
Sep 30, 2024 | $0.051 | OrdinaryDividend |
Aug 30, 2024 | $0.052 | OrdinaryDividend |
Jul 31, 2024 | $0.052 | OrdinaryDividend |
Apr 30, 2024 | $0.052 | OrdinaryDividend |
Mar 28, 2024 | $0.054 | OrdinaryDividend |
Feb 29, 2024 | $0.049 | OrdinaryDividend |
Jan 31, 2024 | $0.052 | OrdinaryDividend |
Dec 29, 2023 | $0.006 | OrdinaryDividend |
Nov 30, 2023 | $0.051 | OrdinaryDividend |
Oct 31, 2023 | $0.052 | OrdinaryDividend |
Sep 29, 2023 | $0.051 | OrdinaryDividend |
Aug 31, 2023 | $0.052 | OrdinaryDividend |
Jul 31, 2023 | $0.052 | OrdinaryDividend |
Jun 30, 2023 | $0.049 | OrdinaryDividend |
May 31, 2023 | $0.049 | OrdinaryDividend |
Apr 28, 2023 | $0.048 | OrdinaryDividend |
Mar 31, 2023 | $0.049 | OrdinaryDividend |
Feb 28, 2023 | $0.046 | OrdinaryDividend |
Jan 31, 2023 | $0.050 | OrdinaryDividend |
Dec 30, 2022 | $0.049 | OrdinaryDividend |
Nov 30, 2022 | $0.043 | OrdinaryDividend |
Oct 31, 2022 | $0.049 | OrdinaryDividend |
Sep 30, 2022 | $0.047 | OrdinaryDividend |
Aug 31, 2022 | $0.047 | OrdinaryDividend |
Jul 29, 2022 | $0.047 | OrdinaryDividend |
Jun 30, 2022 | $0.044 | OrdinaryDividend |
May 31, 2022 | $0.045 | OrdinaryDividend |
Apr 29, 2022 | $0.042 | OrdinaryDividend |
Mar 31, 2022 | $0.043 | OrdinaryDividend |
Feb 28, 2022 | $0.039 | OrdinaryDividend |
Jan 31, 2022 | $0.047 | OrdinaryDividend |
Dec 31, 2021 | $0.043 | OrdinaryDividend |
Nov 30, 2021 | $0.042 | OrdinaryDividend |
Oct 29, 2021 | $0.045 | OrdinaryDividend |
Sep 30, 2021 | $0.040 | OrdinaryDividend |
Aug 31, 2021 | $0.040 | OrdinaryDividend |
Jul 30, 2021 | $0.042 | OrdinaryDividend |
Jun 30, 2021 | $0.045 | OrdinaryDividend |
May 28, 2021 | $0.044 | OrdinaryDividend |
Apr 30, 2021 | $0.045 | OrdinaryDividend |
Mar 31, 2021 | $0.046 | OrdinaryDividend |
Feb 26, 2021 | $0.043 | OrdinaryDividend |
Jan 29, 2021 | $0.041 | OrdinaryDividend |
Dec 31, 2020 | $0.074 | OrdinaryDividend |
Nov 30, 2020 | $0.047 | OrdinaryDividend |
Oct 30, 2020 | $0.049 | OrdinaryDividend |
Sep 30, 2020 | $0.048 | OrdinaryDividend |
Jun 30, 2020 | $0.048 | OrdinaryDividend |
May 29, 2020 | $0.050 | OrdinaryDividend |
Apr 30, 2020 | $0.048 | OrdinaryDividend |
Feb 28, 2020 | $0.047 | OrdinaryDividend |
Dec 31, 2019 | $0.014 | CapitalGainLongTerm |
Nov 29, 2019 | $0.047 | OrdinaryDividend |
Oct 31, 2019 | $0.050 | OrdinaryDividend |
Sep 30, 2019 | $0.049 | OrdinaryDividend |
Aug 30, 2019 | $0.051 | OrdinaryDividend |
Jul 31, 2019 | $0.052 | OrdinaryDividend |
Jun 28, 2019 | $0.050 | OrdinaryDividend |
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.
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.
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.55 | 2.52 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...