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Morningstar

American High-Income Municipal Bond F-2 AHMFX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 15.03  /  −0.12 %
  • Total Assets 11.0 Bil
  • Adj. Expense Ratio
    0.410%
  • Expense Ratio 0.410%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 4.12%
  • Effective Duration 6.97 years

USD | NAV as of May 21, 2024 | 1-Day Return as of May 21, 2024, 9:54 PM GMT+0

Morningstar’s Analysis AHMFX

Will AHMFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AHMFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AHMFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AHMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A Strong Choice

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

American High-Income Municipal Bond's solid approach and skilled team make it a topnotch offering within the high-yield muni Morningstar Category. The team collaborates well using a robust toolkit and implements an organized training and succession plan that results in an upgrade to the Process Pillar rating to High from Above Average.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings AHMFX

More AHMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash And Other Assets Less Liablities

1.33 163.0 Mil
Cash and Equivalents

PUERTO RICO COMWLTH 0%

0.71 86.7 Mil
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 4%

0.44 54.6 Mil
municipal

BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5%

0.41 50.6 Mil
municipal

UIPA CROSSROADS PUB INFRASTRUCTURE DIST UTAH TAX DIFFERENTIAL REV 4.375%

0.41 50.2 Mil
municipal

FLORIDA DEV FIN CORP SOLID WASTE DISP REV 3%

0.40 49.1 Mil
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

0.38 46.8 Mil
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

0.37 45.2 Mil
municipal

United States Treasury Bills 0%

0.36 44.8 Mil
Government

TRIBOROUGH BRDG & TUNL AUTH NY REVS 0%

0.36 43.8 Mil
municipal