AHMFX Alternatives & Similar Mutual Funds

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 5 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.80B	Nov 2001	AHMFX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	AHMFX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.80B	Dec 1978	AHMFX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	AHMFX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	AHMFX vs HIMFX

Best Risk-Adjusted Alternatives to AHMFX

AHMFX has a PortfoliosLab risk / return rank of 83. There are 20 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	95	—	Feb 1985	AHMFX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	94	—	Apr 1987	AHMFX vs FHTFX
WHYIX	Allspring High Yield Municipal Bond Fund	92	—	Jan 2013	AHMFX vs WHYIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	91	—	Sep 2015	AHMFX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	91	—	Mar 1984	AHMFX vs SRHMX

Top Performing AHMFX Alternatives (YTD)

AHMFX is at 1.26% YTD. There are 29 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.40%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.40%	—	Nov 2003	AHMFX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	2.40%	—	May 2007	AHMFX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	2.16%	—	Jun 2016	AHMFX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	2.14%	—	Jun 1999	AHMFX vs NHMRX
SRHMX	Columbia High Yield Municipal Fund	2.11%	—	Mar 1984	AHMFX vs SRHMX

Lowest Volatility Alternatives to AHMFX

AHMFX has 3.08% 1-year volatility. There are 12 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.13%	—	Jun 2015	AHMFX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.18%	—	Jan 2013	AHMFX vs NVHIX
RWMIX	Redwood Managed Municipal Income Fund	2.28%	—	Mar 2017	AHMFX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.36%	—	Sep 2015	AHMFX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.62%	—	May 2013	AHMFX vs AHYMX

Lowest Drawdown Alternatives to AHMFX

AHMFX has a 1-year max drawdown of -2.76%. There are 15 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	AHMFX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	AHMFX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	AHMFX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	AHMFX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	AHMFX vs SDHIX

Other Mutual Funds from Capital Group

The 10 most viewed Capital Group mutual funds shown here include AGTHX, RFNGX, RFNBX and span 5 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	18	5.61%	—	Dec 1973	AHMFX vs AGTHX
RFNGX	American Funds Fundamental Investors Fund Class R6	Large Cap Growth Equities	62	13.39%	—	May 2009	AHMFX vs RFNGX
RFNBX	American Funds Fundamental Investors Fund Class R2	Large Cap Blend Equities	54	12.69%	—	May 2002	AHMFX vs RFNBX
CCSTX	Capital Group California Short-Term Municipal Fund	Municipal Bonds	63	0.49%	—	Apr 2010	AHMFX vs CCSTX
CCCMX	Capital Group California Core Municipal Fund	Municipal Bonds	43	-0.20%	—	Apr 2010	AHMFX vs CCCMX
RGABX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	17	5.12%	—	May 2002	AHMFX vs RGABX
CGFAX	American Funds The Growth Fund of America Class 52...	Large Cap Growth Equities	19	5.59%	—	Feb 2002	AHMFX vs CGFAX
FAQTX	American Funds 2035 Target Date Retirement Fund Cl...	Target Retirement Date	49	6.38%	—	Feb 2007	AHMFX vs FAQTX
AFTFX	American Funds Tax-Exempt Bond Fund of America Cla...	Municipal Bonds	65	0.25%	—	Mar 2001	AHMFX vs AFTFX
BLPFX	American Funds Moderate Growth and Income Portfoli...	Diversified Portfolio	61	7.20%	—	May 2012	AHMFX vs BLPFX

Often Compared With AHMFX

Investors most often compare AHMFX with HIMYX, FRHIX, ABTYX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HIMYX	Pioneer High Income Municipal Fund	High Yield Muni	9	-0.59%	—	Oct 2006	AHMFX vs HIMYX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	78	1.35%	—	Mar 1986	AHMFX vs FRHIX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	64	0.53%	—	Jan 2010	AHMFX vs ABTYX
NUAG	Nuveen Enhanced Yield U.S. Aggregate Bond ETF	Intermediate Core Bond	29	-0.20%	96.41M	Sep 2016	AHMFX vs NUAG
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	74	1.10%	572.53M	Mar 1998	AHMFX vs ABHYX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	65	0.70%	—	Dec 2014	AHMFX vs NSIOX
NMCO	Nuveen Municipal Credit Opportunities Fund	High Yield Muni	40	6.92%	—	Apr 2019	AHMFX vs NMCO
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	85	1.73%	—	May 2015	AHMFX vs RTHAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	81	1.15%	—	Sep 1994	AHMFX vs AMHIX
FQCHX	Franklin Templeton SMACS: Series CH	High Yield Muni	86	1.34%	—	Jun 2019	AHMFX vs FQCHX
FVCAX	Franklin California High Yield Municipal Fund Advi...	High Yield Muni	78	0.85%	—	May 1993	AHMFX vs FVCAX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	70	0.56%	—	Nov 1992	AHMFX vs STXAX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	78	1.21%	—	Jan 1987	AHMFX vs SHYTX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	56	0.74%	—	Sep 1986	AHMFX vs CXHYX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	87	1.91%	—	Aug 1995	AHMFX vs ETHYX
JHTFX	John Hancock High Yield Municipal Bond Fund	High Yield Muni	68	1.68%	—	Dec 1993	AHMFX vs JHTFX
ORNAX	Invesco Rochester Municipal Opportunities Fund	High Yield Muni	61	0.44%	—	Sep 1993	AHMFX vs ORNAX
TMNIX	Counterpoint Tactical Municipal Fund	High Yield Muni	67	0.40%	—	Jun 2018	AHMFX vs TMNIX
THYIX	Transamerica High Yield Muni	High Yield Muni	82	1.38%	—	Jul 2013	AHMFX vs THYIX
RFM	RiverNorth Flexible Municipal Income Fund	High Yield Muni	49	8.68%	—	—	AHMFX vs RFM

Compare AHMFX with Any Fund or Stock

Compare AHMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

American High-Income Municipal Bond Fund Class F-2 (AHMFX) Alternatives