American High-Income Municipal Bond Fund Class F-2 (AHMFX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AHMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AHMFX
AHMFX charges 0.42% annually. There are 3 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | AHMFX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | AHMFX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | AHMFX vs HIMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | AHMFX vs SDHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.52% | — | Jun 1999 | AHMFX vs NHMRX |
Best Risk-Adjusted Alternatives to AHMFX
AHMFX has a PortfoliosLab risk / return rank of 78. There are 6 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 91 | — | Feb 1985 | AHMFX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 88 | — | Sep 2015 | AHMFX vs ISHYX | |
| Federated Hermes Municipal High Yield Advtg Fd | 86 | — | Apr 1987 | AHMFX vs FHTFX | |
| Columbia High Yield Municipal Fund | 79 | — | Mar 1984 | AHMFX vs SRHMX | |
| American High-Income Municipal Bond Fund Class F-3 | 79 | — | Jan 2017 | AHMFX vs HIMFX |
Top Performing AHMFX Alternatives (YTD)
AHMFX is at 2.33% YTD. There are 29 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 3.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Yield Municipal Income Fund Class... | 3.35% | — | May 2007 | AHMFX vs EWHYX | |
| Nuveen Municipal High Income Opportunity Fund | 3.29% | — | Nov 2003 | AHMFX vs NMZ | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.20% | — | Jun 2016 | AHMFX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.18% | — | Jun 1999 | AHMFX vs NHMRX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.09% | — | Jun 1999 | AHMFX vs NHMAX |
Lowest Volatility Alternatives to AHMFX
AHMFX has 3.06% 1-year volatility. There are 12 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 1.97% | — | Mar 2017 | AHMFX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | AHMFX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.25% | — | Jan 2013 | AHMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.31% | — | Sep 2015 | AHMFX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | AHMFX vs TMNIX |
Lowest Drawdown Alternatives to AHMFX
AHMFX has a 1-year max drawdown of -2.76%. There are 16 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | AHMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | AHMFX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | AHMFX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | AHMFX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | AHMFX vs TMNIX |
Other Mutual Funds from Capital Group
The 4 most viewed Capital Group mutual funds shown here include RFNGX, CCSTX, RFNBX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| American Funds Fundamental Investors Fund Class R6 | Large Cap Growth Equities | 76 | 15.28% | — | May 2009 | AHMFX vs RFNGX | |
| Capital Group California Short-Term Municipal Fund | Municipal Bonds | 79 | 0.68% | — | Apr 2010 | AHMFX vs CCSTX | |
| American Funds Fundamental Investors Fund Class R2 | Large Cap Blend Equities | 70 | 14.77% | — | May 2002 | AHMFX vs RFNBX | |
| Capital Group California Core Municipal Fund | Municipal Bonds | 64 | 0.60% | — | Apr 2010 | AHMFX vs CCCMX |
Often Compared With AHMFX
Investors most often compare AHMFX with FRHIX, HIMYX, ABTYX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare AHMFX with Any Fund or Stock
Compare AHMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AHMFX with funds that move differently
American High-Income Municipal Bond Fund Class F-2 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AHMFX.
Explore AHMFX Diversifiers