American High-Income Municipal Bond Fund Class F-3 (HIMFX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HIMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HIMFX
HIMFX charges 0.31% annually. There are 4 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | HIMFX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | HIMFX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | HIMFX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | HIMFX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | HIMFX vs AHMFX |
Best Risk-Adjusted Alternatives to HIMFX
HIMFX has a PortfoliosLab risk / return rank of 90. There are 8 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | HIMFX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | HIMFX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 95 | — | Sep 2015 | HIMFX vs ISHYX | |
| Columbia High Yield Municipal Fund | 94 | — | Mar 1984 | HIMFX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 93 | — | Jan 2013 | HIMFX vs WHYIX |
Top Performing HIMFX Alternatives (YTD)
HIMFX is at 2.78% YTD. There are 27 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 6.50% | — | Nov 2003 | HIMFX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.93% | — | May 2007 | HIMFX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.83% | — | Jun 2016 | HIMFX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.80% | — | Mar 1984 | HIMFX vs SRHMX | |
| BlackRock Allocation Target Shares Series E Portfo... | 3.77% | — | Aug 2014 | HIMFX vs BATEX |
Lowest Volatility Alternatives to HIMFX
HIMFX has 3.05% 1-year volatility. There are 11 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | HIMFX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | HIMFX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.23% | — | Jan 2013 | HIMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | HIMFX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | HIMFX vs TMNIX |
Lowest Drawdown Alternatives to HIMFX
HIMFX has a 1-year max drawdown of -2.76%. There are 16 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | HIMFX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | HIMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | HIMFX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | HIMFX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | HIMFX vs SDHIX |
Other Mutual Funds from Capital Group
The 5 most viewed Capital Group mutual funds shown here include AGTHX, RFNGX, RFNBX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| American Funds The Growth Fund of America Class A | Large Cap Growth Equities | 20 | 7.16% | — | Dec 1973 | HIMFX vs AGTHX | |
| American Funds Fundamental Investors Fund Class R6 | Large Cap Growth Equities | 58 | 12.85% | — | May 2009 | HIMFX vs RFNGX | |
| American Funds Fundamental Investors Fund Class R2 | Large Cap Blend Equities | 52 | 12.20% | — | May 2002 | HIMFX vs RFNBX | |
| Capital Group California Short-Term Municipal Fund | Municipal Bonds | 75 | 0.79% | — | Apr 2010 | HIMFX vs CCSTX | |
| Capital Group California Core Municipal Fund | Municipal Bonds | 61 | 0.54% | — | Apr 2010 | HIMFX vs CCCMX |
Often Compared With HIMFX
Investors most often compare HIMFX with HIMU, ABTYX, CGHM. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare HIMFX with Any Fund or Stock
Compare HIMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HIMFX with funds that move differently
American High-Income Municipal Bond Fund Class F-3 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HIMFX.
Explore HIMFX Diversifiers