PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
American High-Income Municipal Bond Fund (AMHIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

American High-Income Municipal Bond Fund (AMHIX)

Mutual Fund · Currency in USD · Last updated May 20, 2025

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 has an expense ratio of 0.63%, placing it in the medium range.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

American High-Income Municipal Bond Fund

Popular comparisons:
AMHIX vs. ORNAX AMHIX vs. LTEBX AMHIX vs. AMUSX AMHIX vs. AFTEX AMHIX vs. HHMIX AMHIX vs. PRFHX AMHIX vs. SCHD AMHIX vs. MGK AMHIX vs. VOO AMHIX vs. VTEB
Popular comparisons:
AMHIX vs. ORNAX AMHIX vs. LTEBX AMHIX vs. AMUSX AMHIX vs. AFTEX AMHIX vs. HHMIX AMHIX vs. PRFHX AMHIX vs. SCHD AMHIX vs. MGK AMHIX vs. VOO AMHIX vs. VTEB

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

American High-Income Municipal Bond Fund (AMHIX) returned -1.28% year-to-date (YTD) and 2.87% over the past 12 months. Over the past 10 years, AMHIX returned 3.41% annually, underperforming the S&P 500 benchmark at 10.86%.

AMHIX

YTD

-1.28%

1M

0.97%

6M

-1.43%

1Y

2.87%

3Y*

4.13%

5Y*

3.38%

10Y*

3.41%

^GSPC (Benchmark)

YTD

1.39%

1M

12.89%

6M

1.19%

1Y

12.45%

3Y*

15.19%

5Y*

14.95%

10Y*

10.86%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.52%1.41%-1.68%-1.36%-0.13%-1.28%
20240.46%0.70%0.60%-1.27%0.67%2.40%1.30%0.96%1.53%-1.46%1.66%-1.40%6.24%
20233.86%-2.60%1.35%0.44%-0.44%1.14%0.40%-1.04%-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%
20211.73%-1.02%0.79%1.20%0.94%0.88%0.86%-0.20%-0.73%-0.29%0.99%0.26%5.51%
20201.74%1.69%-7.81%-3.38%2.98%3.60%2.57%0.49%0.30%0.09%1.87%1.59%5.27%
20190.58%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%
20170.54%0.95%0.48%0.91%1.55%0.05%0.70%1.52%-0.02%0.19%0.23%1.14%8.53%
20161.04%0.26%0.90%1.01%0.69%1.93%0.12%0.49%-0.26%-1.06%-4.29%0.86%1.56%
20151.76%-0.64%0.40%-0.31%-0.10%-0.51%0.60%0.22%0.80%0.65%0.59%0.86%4.39%
20142.81%1.83%0.72%1.59%2.24%-0.17%0.22%1.49%0.52%0.72%0.47%0.85%14.07%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of AMHIX is 48, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of AMHIX is 4848
Overall Rank
The Sharpe Ratio Rank of AMHIX is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of AMHIX is 4040
Sortino Ratio Rank
The Omega Ratio Rank of AMHIX is 4848
Omega Ratio Rank
The Calmar Ratio Rank of AMHIX is 5656
Calmar Ratio Rank
The Martin Ratio Rank of AMHIX is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

American High-Income Municipal Bond Fund Sharpe ratios as of May 20, 2025 (values are recalculated daily):

  • 1-Year: 0.48
  • 5-Year: 0.76
  • 10-Year: 0.79
  • All Time: 1.32

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of American High-Income Municipal Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

Loading data...

Dividends

Dividend History

American High-Income Municipal Bond Fund provided a 3.99% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 2 consecutive years.

3.20%3.40%3.60%3.80%4.00%4.20%$0.00$0.10$0.20$0.30$0.40$0.50$0.60$0.7020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.59$0.59$0.52$0.49$0.58$0.70$0.53$0.57$0.59$0.59$0.63$0.65

Dividend yield

3.99%3.85%3.46%3.39%3.45%4.22%3.20%3.67%3.70%3.89%4.01%4.20%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.05$0.05$0.05$0.00$0.20
2024$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.59
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

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.

Loading data...

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 3.15%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.73%May 9, 2007406Dec 17, 2008299Feb 26, 2010705
-16.92%Aug 6, 2021308Oct 25, 2022444Aug 2, 2024752
-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

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...