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American High-Income Municipal Bond Fund (AMHIX)

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

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

ISINUS0265451031
CUSIP026545103
IssuerAmerican Funds
Inception DateSep 25, 1994
CategoryHigh Yield Muni
Minimum Investment$250
Asset ClassBond

Expense Ratio

The American High-Income Municipal Bond Fund has a high expense ratio of 0.63%, indicating higher-than-average management fees.


0.63%
0.00%2.15%

Share Price Chart


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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.


-8.00%-6.00%-4.00%-2.00%0.00%2.00%4.00%2023FebruaryMarchAprilMay
1.26%
2.66%
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with AMHIX

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.


PeriodReturnBenchmark
1 month-0.61%0.29%
Year-To-Date2.20%8.86%
6 months2.10%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


JanFebMarAprMayJunJulAugSepOctNovDec
20233.86%-2.60%1.35%0.44%
20225.29%-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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AMHIX
American High-Income Municipal Bond Fund
-0.26
^GSPC
S&P 500
0.02

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 High-Income Municipal Bond Fund Sharpe ratio is -0.26. 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.


-2.00-1.50-1.00-0.500.000.502023FebruaryMarchAprilMay
-0.26
0.02
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-22.00%-20.00%-18.00%-16.00%-14.00%-12.00%-10.00%-8.00%2023FebruaryMarchAprilMay
-10.61%
-12.86%
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)

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, 2007406Dec 17, 2008299Feb 26, 2010705
-17.53%Aug 6, 2021308Oct 25, 2022
-13.59%Mar 2, 202015Mar 20, 2020176Nov 30, 2020191
-9.26%May 3, 201387Sep 5, 2013161Apr 28, 2014248
-7.03%Oct 13, 201067Jan 18, 2011122Jul 13, 2011189

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.


0.00%2.00%4.00%6.00%8.00%2023FebruaryMarchAprilMay
1.15%
3.67%
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)