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American High-Income Municipal Bond Fund (AMHIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0265451031
CUSIP026545103
IssuerAmerican Funds
Inception DateSep 25, 1994
CategoryHigh Yield Muni
Min. 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.


0.50%1.00%1.50%2.00%0.63%

Share Price Chart


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Compare to other instruments

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American High-Income Municipal Bond Fund

Popular comparisons: AMHIX vs. SCHD, AMHIX vs. VOO

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.


200.00%400.00%600.00%800.00%1,000.00%OctoberNovemberDecember2024FebruaryMarch
303.67%
1,011.14%
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

American High-Income Municipal Bond Fund had a return of 1.44% year-to-date (YTD) and 7.01% in the last 12 months. Over the past 10 years, American High-Income Municipal Bond Fund had an annualized return of 3.96%, while the S&P 500 had an annualized return of 10.96%, indicating that American High-Income Municipal Bond Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date1.44%10.04%
1 month0.77%3.53%
6 months8.87%22.79%
1 year7.01%32.16%
5 years (annualized)2.39%13.15%
10 years (annualized)3.96%10.96%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20240.46%0.70%
2023-1.04%-2.92%-1.87%6.55%2.89%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and compares them with a selected benchmark (^GSPC). These performance indicators 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
1.54
^GSPC
S&P 500
2.76

Sharpe Ratio

The current American High-Income Municipal Bond Fund Sharpe ratio is 1.54. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
1.54
2.76
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

American High-Income Municipal Bond Fund granted a 3.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.52$0.52$0.49$0.58$0.70$0.53$0.57$0.59$0.59$0.63$0.65$0.65

Dividend yield

3.46%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.05$0.05
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
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$0.16
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

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-3.82%
0
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)

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 3.82%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.73%May 9, 2007406Dec 17, 2008299Feb 26, 2010705
-16.92%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

Volatility Chart

The current American High-Income Municipal Bond Fund volatility is 0.67%, 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.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
0.67%
2.82%
AMHIX (American High-Income Municipal Bond Fund)
Benchmark (^GSPC)