Fund Mojo help you discover the best fund managers, funds, and related information

Fund Intelligence | Best Managers | AMHIX Insights | AMHIX Score | AMHIX Performance | AMHIX News | AMHIX Allocation | AMHIX Holdings Change

American High-Income Municipal Bond A (AMHIX) Fund Ranking and Research

Ranking, Research and Recommendation of American High-Income Municipal Bond A (AMHIX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of American High-Income Municipal Bond A Fund (AMHIX) ManagerFund Manager - Karl J. Zeile

Fund Manager Information

Fund Manager Tenure: 15.3 years
Fund Family: American Funds
Fund Category: High Yield Muni
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.71)     (What does this score mean?)
Zeile is the vice president and director of Capital Research Company Investment. He began his professional career 14 years ago; 6 years with Capital Research and Management Company or affiliate.  Get more insights on Karl J. Zeile

 

Graph of American High-Income Municipal Bond A Fund (AMHIX) ProfileAmerican High-Income Municipal Bond A Fund (AMHIX) Profile

Fund Profile and Description

American High-Income Municipal Bond A Fund seeks high current income exempt from regular federal income tax. American High-Income Municipal Bond A Fund invests at least 80% of assets in, or derives at least 80% of income from, securities that are exempt from regular federal income tax. It may invest, without limitation, in securities that may subject you to federal AMT. American High-Income Municipal Bond A Fund invests a significant portion of its portfolio in municipal bonds rated BBB+ or below or Baa1 or below or unrated but determined by the adviser to be of equivalent quality.

 

American High-Income Municipal Bond A (AMHIX) Fund Strength What we like about American High-Income Municipal Bond A (AMHIX) Fund

Data for American High-Income Municipal Bond A Fund (AMHIX) as of May 30, 2016

  • American High-Income Municipal Bond A Fund (AMHIX) management has been with American High-Income Municipal Bond A Fund for 15.3 years
  • American High-Income Municipal Bond A Fund (AMHIX) has good short-term performance (1-year return 7.34% vs 7.20% High Yield Muni category median performance)
  • American High-Income Municipal Bond A Fund (AMHIX) has good mid-term performance (3-year return 5.43% vs 4.69% High Yield Muni category median performance)
  • American High-Income Municipal Bond A Fund (AMHIX) has good Long-term performance (5-year return 7.81% vs 7.24% High Yield Muni category median performance)
  • American High-Income Municipal Bond A Fund (AMHIX) ratio of up-years vs down years is greater than 2
  • Asset base in American High-Income Municipal Bond A Fund (AMHIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • American High-Income Municipal Bond A Fund (AMHIX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.49, lower than category average of 5.19
  • American High-Income Municipal Bond A Fund (AMHIX) has a lower expense ratio than its High Yield Muni average: 0.68% vs 0.94%

American High-Income Municipal Bond A Fund (AMHIX) Weakness What we are cautious about American High-Income Municipal Bond A (AMHIX) Fund

Data for American High-Income Municipal Bond A Fund (AMHIX) as of May 30, 2016

  • American High-Income Municipal Bond A Fund (AMHIX) has a Morningstar rating of 3 and below
  • American High-Income Municipal Bond A Fund (AMHIX) has an annual stock turnover rate of 23.00% that is higher than the High Yield Muni average of 21.59%. This could mean American High-Income Municipal Bond A is more nimble, but also signal potential high tax impact and high trading fees
  • American High-Income Municipal Bond A Fund (AMHIX) carries a 3.75% load
See American High-Income Municipal Bond A Fund (AMHIX) performance details as of May 30, 2016

 

What do you think?

 

Compare American High-Income Municipal Bond A Fund (AMHIX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
American High-Income Municipal Bond A3.957.345.437.81
Columbia High Yield Muni Z (SRHMX)2.966.485.407.65Compare
Federated Municipal High Yield Adv F (FHTFX)3.767.205.267.52Compare
Nuveen High Yield Municipal Bond I (NHMRX)5.259.627.0710.51Compare

See top fund managers for High Yield Muni Category Funds

 

Compare American High-Income Municipal Bond A Fund (AMHIX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors High-Yield Municipal ETF (HYD)4.66%8.12%4.07%
SPDR Nuveen S&P High Yield Muni Bd ETF (HYMB)4.17%7.38%4.98%

 

Graph of American High-Income Municipal Bond A Fund (AMHIX) Net Asset TrackingAmerican High-Income Municipal Bond A (AMHIX) Fund Net Asset

Track net asset change of American High-Income Municipal Bond A fund (AMHIX)

DateNet Asset
05/2016$4.38B
03/2016$4.12B
02/2016$4.02B
More historic net asset information on American High-Income Municipal Bond A Fund (AMHIX)

  

Graph of American High-Income Municipal Bond A Fund (AMHIX) Portfolio TrackingAmerican High-Income Municipal Bond A (AMHIX) Fund Portfolio Allocation

Track portfolio allocation change of American High-Income Municipal Bond A fund (AMHIX)

DateCashStockBondOther
03/20166.14%0%93.86%0%
12/20156.02%0%93.98%0%
09/20154.33%0%95.56%0.11%
Click here to see more historic asset allocation information on American High-Income Municipal Bond A Fund (AMHIX)

 

graph of American High-Income Municipal Bond A Fund (AMHIX) Top 10 Position TrackingTop 10 Holdings in American High-Income Municipal Bond A (AMHIX) Fund

Discover what American High-Income Municipal Bond A Fund (AMHIX) manager is buying

Mar 30, 2016
Buckeye Ohio Tob Settlement Fi To 5.875% [2.06%]
Tobacco Settlement Fing Corp N Asset 5% [1.39%]
Michigan Tob Settlement Fin Au Tobacc 6% [1.12%]
Iowa Fin Auth 5.25% [0.73%]
Wisconsin Hsg & Econ Dev A Rev Bds 3.5% [0.47%]
New Jersey Econ Dev Auth 5.25% [0.47%]
Buckeye Ohio Tob Settlement Fi Toba 6.5% [0.45%]
Puerto Rico Comwlth Aqueduct & Swr 5.25% [0.44%]
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5% [0.41%]
Regl Transn Dist 6% [0.4%]

Dec 30, 2015
Buckeye Ohio Tob Settlement Fi To 5.875% [1.8%]
Tobacco Settlement Fing Corp N Asset 5% [1.34%]
Michigan Tob Settlement Fin Au Tobacc 6% [1.07%]
Iowa Fin Auth 5.25% [0.79%]
Buckeye Ohio Tob Settlement Fi Toba 6.5% [0.52%]
New Jersey Econ Dev Auth 5.25% [0.5%]
Denver Colo City & Cnty Spl Fa Ref 5.25% [0.47%]
Pennsylvania Econ Dev Fing Tax Exemp 5% [0.45%]
Pima Cnty Ariz Indl Dev Auth 6.55% [0.43%]
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5% [0.43%]

Sep 29, 2015
Tobacco Settlement Fing Corp N Asset 5% [1.49%]
Buckeye Ohio Tob Settlement Fi To 5.875% [1.17%]
Michigan Tob Settlement Fin Au Tobacc 6% [0.86%]
Iowa Fin Auth 5.25% [0.64%]
Buckeye Ohio Tob Settlement Fi Toba 6.5% [0.54%]
Denver Colo City & Cnty Spl Fa Ref 5.25% [0.51%]
New Jersey Econ Dev Auth 5.25% [0.5%]
Colorado Health Facs Auth 0.09% [0.47%]
Pennsylvania Econ Dev Fing Tax Exemp 5% [0.47%]
Pima Cnty Ariz Indl Dev Auth 6.55% [0.47%]
Click here for Stock Holding Change Map in American High-Income Municipal Bond A Fund (AMHIX)

  

Latest News on American High-Income Municipal Bond A (AMHIX) Fund

See what is happening with American High-Income Municipal Bond A Fund (AMHIX)

    No recent news

 

American High-Income Municipal Bond A Fund (AMHIX) Related ResourcesSee more information on American High-Income Municipal Bond A (AMHIX) Fund

Popular pages on American High-Income Municipal Bond A (AMHIX) Fund

  

Fund Mojo Newsletter

Fund Mojo on Facebook Follow FundMojo on Twitter Fund Update