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American Funds American High-Income Trust (AHITX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

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.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in American Funds American High-Income Trust in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $112,376 for a total return of roughly 1,023.76%. All prices are adjusted for splits and dividends.


1,000.00%1,100.00%1,200.00%1,300.00%1,400.00%NovemberDecember2023FebruaryMarch
1,023.76%
1,416.76%
AHITX (American Funds American High-Income Trust)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Popular comparisons: AHITX vs. SCHD

Return

American Funds American High-Income Trust had a return of 2.31% year-to-date (YTD) and -3.30% in the last 12 months. Over the past 10 years, American Funds American High-Income Trust had an annualized return of 3.60%, while the S&P 500 had an annualized return of 10.16%, indicating that American Funds American High-Income Trust did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.44%3.51%
Year-To-Date2.31%7.03%
6 months7.02%12.88%
1 year-3.30%-10.71%
5 years (annualized)3.49%9.25%
10 years (annualized)3.60%10.16%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.17%-1.26%
2022-3.89%2.41%1.92%-0.46%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current American Funds American High-Income Trust Sharpe ratio is -0.44. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.44
-0.46
AHITX (American Funds American High-Income Trust)
Benchmark (^GSPC)

Dividend History

American Funds American High-Income Trust granted a 6.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.63 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.63$0.50$0.45$0.59$0.62$0.61$0.57$0.58$0.65$0.69$0.71$0.80

Dividend yield

6.88%5.58%4.54%6.47%7.32%7.94%7.31%7.91%10.41%10.16%10.62%12.74%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.05$0.04
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
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
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
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
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
2017$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05
2016$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.05$0.05$0.06
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
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
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
2012$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.06$0.06$0.07$0.06$0.07

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2023FebruaryMarch
-7.06%
-14.33%
AHITX (American Funds American High-Income Trust)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the American Funds American High-Income Trust. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the American Funds American High-Income Trust is 34.94%, recorded on Dec 15, 2008. It took 219 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.94%Jun 5, 2007386Dec 15, 2008219Oct 28, 2009605
-21.22%Feb 21, 202022Mar 23, 2020142Oct 13, 2020164
-17.02%Jan 14, 2002147Aug 14, 2002146Mar 14, 2003293
-15.97%Jul 8, 2014404Feb 11, 2016139Aug 30, 2016543
-13.48%Jul 29, 199857Oct 15, 1998131Apr 16, 1999188
-13.16%Jan 5, 2022185Sep 29, 2022
-12.71%Aug 2, 199057Oct 19, 199088Feb 20, 1991145
-10.29%Jun 2, 201187Oct 4, 201183Feb 2, 2012170
-8.17%Sep 8, 200061Dec 4, 2000237Nov 19, 2001298
-8.03%Feb 7, 1994223Dec 14, 199480Apr 5, 1995303

Volatility Chart

Current American Funds American High-Income Trust volatility is 5.29%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
5.29%
15.42%
AHITX (American Funds American High-Income Trust)
Benchmark (^GSPC)