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 |
| Min. Investment | $250 |
| Asset Class | Bond |
Expense Ratio
AMHIX features an expense ratio of 0.63%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: AMHIX vs. SCHD, AMHIX vs. ORNAX, AMHIX vs. VOO, AMHIX vs. MGK, AMHIX vs. LTEBX, AMHIX vs. AFTEX, AMHIX vs. AMUSX, AMHIX vs. HHMIX, AMHIX vs. VTEB, AMHIX vs. PRFHX
Performance
Performance Chart
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.
Returns By Period
American High-Income Municipal Bond Fund had a return of 6.94% year-to-date (YTD) and 17.30% in the last 12 months. Over the past 10 years, American High-Income Municipal Bond Fund had an annualized return of 3.81%, while the S&P 500 had an annualized return of 11.71%, indicating that American High-Income Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.94% | 22.95% |
| 1 month | -0.09% | 4.39% |
| 6 months | 6.63% | 18.07% |
| 1 year | 17.30% | 37.09% |
| 5 years (annualized) | 2.56% | 14.48% |
| 10 years (annualized) | 3.81% | 11.71% |
Monthly Returns
The table below presents the monthly returns of AMHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.46% | 0.70% | 0.60% | -1.27% | 0.67% | 2.40% | 1.30% | 0.96% | 1.53% | 6.94% | |||
| 2023 | 3.86% | -2.60% | 1.35% | 0.44% | -0.44% | 1.14% | 0.40% | -1.03% | -2.92% | -1.87% | 6.55% | 2.89% | 7.60% |
| 2022 | -2.47% | -0.82% | -3.02% | -3.32% | 1.33% | -3.19% | 3.66% | -2.20% | -5.41% | -1.74% | 5.29% | -0.10% | -11.85% |
| 2021 | 1.73% | -1.02% | 0.79% | 1.20% | 0.94% | 0.88% | 0.86% | -0.20% | -0.73% | -0.29% | 0.99% | 0.26% | 5.51% |
| 2020 | 1.74% | 1.69% | -7.81% | -3.38% | 2.98% | 3.60% | 2.57% | 0.49% | 0.30% | 0.09% | 1.87% | 1.58% | 5.27% |
| 2019 | 0.58% | 0.73% | 1.81% | 0.55% | 1.59% | 0.53% | 0.66% | 1.75% | -0.39% | 0.04% | 0.32% | 0.15% | 8.60% |
| 2018 | -0.86% | -0.42% | 0.62% | -0.07% | 1.20% | 0.18% | 0.30% | 0.44% | -0.47% | -0.90% | 0.56% | 1.03% | 1.59% |
| 2017 | 0.54% | 0.96% | 0.47% | 0.91% | 1.55% | 0.05% | 0.70% | 1.52% | -0.02% | 0.19% | 0.23% | 1.14% | 8.53% |
| 2016 | 1.04% | 0.25% | 0.91% | 1.01% | 0.69% | 1.93% | 0.12% | 0.49% | -0.26% | -1.06% | -4.29% | 0.86% | 1.56% |
| 2015 | 1.76% | -0.64% | 0.40% | -0.31% | -0.10% | -0.51% | 0.60% | 0.22% | 0.80% | 0.66% | 0.59% | 0.86% | 4.39% |
| 2014 | 2.81% | 1.83% | 0.72% | 1.59% | 2.24% | -0.17% | 0.22% | 1.49% | 0.52% | 0.72% | 0.47% | 0.85% | 14.07% |
| 2013 | 1.05% | 0.66% | -0.05% | 1.11% | -0.75% | -4.23% | -1.52% | -2.45% | 2.32% | 1.02% | -0.10% | -0.31% | -3.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AMHIX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American High-Income Municipal Bond Fund granted a 3.44% dividend yield in the last twelve months. The annual payout for that period amounted to $0.53 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.52 | $0.49 | $0.58 | $0.70 | $0.53 | $0.57 | $0.59 | $0.59 | $0.63 | $0.65 | $0.65 |
Dividend yield | 3.44% | 3.46% | 3.39% | 3.45% | 4.22% | 3.20% | 3.67% | 3.70% | 3.89% | 4.01% | 4.20% | 4.55% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.43 | ||
| 2023 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.01 | $0.52 |
| 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 | $0.49 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.16 | $0.58 |
| 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 | $0.70 |
| 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 | $0.53 |
| 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 | $0.57 |
| 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 | $0.59 |
| 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 | $0.59 |
| 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 | $0.63 |
| 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 | $0.65 |
| 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 | $0.65 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the American High-Income Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American High-Income Municipal Bond Fund was 21.73%, occurring on Dec 17, 2008. Recovery took 299 trading sessions.
The current American High-Income Municipal Bond Fund drawdown is 0.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.73% | May 9, 2007 | 406 | Dec 17, 2008 | 299 | Feb 26, 2010 | 705 |
| -16.92% | Aug 6, 2021 | 308 | Oct 25, 2022 | 444 | Aug 2, 2024 | 752 |
| -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
Volatility Chart
The current American High-Income Municipal Bond Fund volatility is 0.79%, 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.