American High-Income Municipal Bond Fund (AMHIX)
Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and may subject the investors to alternative minimum tax. It may invest, without limitation, in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below, or unrated but determined by the fund's investment adviser to be of equivalent quality.
Fund Info
| ISIN | US0265451031 |
|---|---|
| CUSIP | 026545103 |
| Issuer | American Funds |
| Inception Date | Sep 25, 1994 |
| Category | High Yield Muni |
| Minimum Investment | $250 |
| Asset Class | Bond |
Expense Ratio
The American High-Income Municipal Bond Fund has a high expense ratio of 0.63%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Performance
The chart shows the growth of an initial investment of $10,000 in American High-Income Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: AMHIX vs. SCHD
Return
American High-Income Municipal Bond Fund had a return of 2.20% year-to-date (YTD) and -1.94% in the last 12 months. Over the past 10 years, American High-Income Municipal Bond Fund had an annualized return of 3.15%, while the S&P 500 had an annualized return of 9.88%, indicating that American High-Income Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.61% | 0.29% |
| Year-To-Date | 2.20% | 8.86% |
| 6 months | 2.10% | 2.44% |
| 1 year | -1.94% | 1.15% |
| 5 years (annualized) | 1.78% | 8.88% |
| 10 years (annualized) | 3.15% | 9.88% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.86% | -2.60% | 1.35% | 0.44% | ||||||||
| 2022 | 5.29% | -0.10% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | -0.26 | ||||
^GSPC S&P 500 | 0.02 |
Dividend History
American High-Income Municipal Bond Fund granted a 4.85% dividend yield in the last twelve months. The annual payout for that period amounted to $0.71 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.49 | $0.46 | $0.70 | $0.53 | $0.58 | $0.59 | $0.59 | $0.63 | $0.65 | $0.65 | $0.65 |
Dividend yield | 4.85% | 3.44% | 2.83% | 4.54% | 3.59% | 4.26% | 4.46% | 4.86% | 5.21% | 5.67% | 6.42% | 6.24% |
Monthly Dividends
The table displays the monthly dividend distributions for American High-Income Municipal Bond Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.05 | $0.04 | $0.05 | $0.04 | ||||||||
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 |
| 2020 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.10 | $0.09 | $0.09 | $0.04 | $0.04 | $0.07 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.01 |
| 2018 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2017 | $0.05 | $0.05 | $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 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2012 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the American High-Income Municipal Bond Fund. 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 High-Income Municipal Bond Fund is 21.73%, recorded on Dec 17, 2008. It took 299 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.73% | May 9, 2007 | 406 | Dec 17, 2008 | 299 | Feb 26, 2010 | 705 |
| -17.53% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.59% | Mar 2, 2020 | 15 | Mar 20, 2020 | 176 | Nov 30, 2020 | 191 |
| -9.26% | May 3, 2013 | 87 | Sep 5, 2013 | 161 | Apr 28, 2014 | 248 |
| -7.03% | Oct 13, 2010 | 67 | Jan 18, 2011 | 122 | Jul 13, 2011 | 189 |
Volatility Chart
The current American High-Income Municipal Bond Fund volatility is 1.15%, 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.