American Funds American High-Income Trust (AHITX)
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. It may also invest a portion of its assets in securities of issuers domiciled outside the United States.
Fund Info
| ISIN | US0265471096 |
|---|---|
| CUSIP | 026547109 |
| Issuer | American Funds |
| Inception Date | Feb 19, 1988 |
| Category | High Yield Bonds |
| Min. Investment | $250 |
| Asset Class | Bond |
Expense Ratio
AHITX features an expense ratio of 0.69%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds American High-Income Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds American High-Income Trust had a return of 5.12% year-to-date (YTD) and 12.12% in the last 12 months. Over the past 10 years, American Funds American High-Income Trust had an annualized return of 4.26%, while the S&P 500 had an annualized return of 10.64%, indicating that American Funds American High-Income Trust did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.12% | 13.78% |
| 1 month | 1.47% | -0.38% |
| 6 months | 5.46% | 11.47% |
| 1 year | 12.12% | 18.82% |
| 5 years (annualized) | 4.96% | 12.44% |
| 10 years (annualized) | 4.26% | 10.64% |
Monthly Returns
The table below presents the monthly returns of AHITX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | 0.39% | 1.46% | -0.75% | 1.71% | 0.53% | 5.12% | ||||||
| 2023 | 3.17% | -1.26% | 1.01% | 0.72% | -0.93% | 1.50% | 1.49% | 0.25% | -1.22% | -1.28% | 4.40% | 3.88% | 12.11% |
| 2022 | -2.21% | -0.64% | -0.66% | -3.34% | 0.36% | -6.42% | 5.69% | -1.77% | -3.88% | 2.41% | 1.92% | -0.46% | -9.16% |
| 2021 | 1.19% | 1.00% | 0.32% | 1.59% | 0.81% | 1.37% | 0.22% | 0.26% | 0.44% | 0.06% | -0.78% | 1.55% | 8.31% |
| 2020 | 0.10% | -1.43% | -11.65% | 3.08% | 4.01% | 1.27% | 4.38% | 1.60% | -0.48% | 0.35% | 4.24% | 2.40% | 7.02% |
| 2019 | 4.52% | 1.80% | 0.82% | 1.69% | -1.44% | 1.71% | 0.03% | -0.47% | -0.08% | 0.23% | 0.01% | 2.58% | 11.85% |
| 2018 | 0.96% | -0.82% | -0.47% | 0.48% | -0.12% | 0.68% | 1.38% | 0.50% | 0.66% | -1.37% | -1.07% | -2.55% | -1.80% |
| 2017 | 1.42% | 1.36% | -0.11% | 0.84% | 0.76% | 0.05% | 1.25% | -0.29% | 0.93% | 0.44% | -0.19% | 0.09% | 6.72% |
| 2016 | -1.68% | 0.18% | 4.36% | 3.99% | 0.62% | 1.03% | 2.16% | 1.79% | 0.70% | 0.45% | -0.12% | 1.93% | 16.37% |
| 2015 | 0.35% | 2.88% | -0.69% | 1.14% | 0.04% | -1.73% | -0.98% | -2.26% | -3.05% | 2.12% | -2.37% | -2.85% | -7.36% |
| 2014 | 0.44% | 1.92% | 0.10% | 0.62% | 0.85% | 0.93% | -1.55% | 1.03% | -2.20% | 0.54% | -0.32% | -1.72% | 0.56% |
| 2013 | 1.39% | 0.45% | 0.62% | 1.84% | -0.62% | -2.60% | 1.97% | -0.46% | 1.00% | 2.31% | -0.27% | 0.76% | 6.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AHITX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds American High-Income Trust granted a 6.42% dividend yield in the last twelve months. The annual payout for that period amounted to $0.62 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.61 | $0.50 | $0.45 | $0.59 | $0.62 | $0.61 | $0.57 | $0.57 | $0.65 | $0.69 | $0.71 |
Dividend yield | 6.42% | 6.42% | 5.53% | 4.26% | 5.82% | 6.18% | 6.32% | 5.46% | 5.60% | 6.95% | 6.37% | 6.27% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds American High-Income Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.30 | |||||
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.05 | $0.05 | $0.05 | $0.06 | $0.61 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.50 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.59 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2018 | $0.05 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.61 |
| 2017 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2015 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.65 |
| 2014 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.69 |
| 2013 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds American High-Income Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds American High-Income Trust was 34.94%, occurring on Dec 15, 2008. Recovery took 219 trading sessions.
The current American Funds American High-Income Trust drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.94% | Jun 5, 2007 | 386 | Dec 15, 2008 | 219 | Oct 28, 2009 | 605 |
| -21.22% | Feb 21, 2020 | 22 | Mar 23, 2020 | 142 | Oct 13, 2020 | 164 |
| -17.02% | Jan 14, 2002 | 147 | Aug 14, 2002 | 146 | Mar 14, 2003 | 293 |
| -15.97% | Jul 8, 2014 | 404 | Feb 11, 2016 | 139 | Aug 30, 2016 | 543 |
| -13.48% | Jul 29, 1998 | 57 | Oct 15, 1998 | 131 | Apr 16, 1999 | 188 |
Volatility
Volatility Chart
The current American Funds American High-Income Trust volatility is 0.89%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.