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American High-Income Municipal Bond Fund Class BABHMX

15.14
0.03 / 0.20%
14.86 - 15.67+1.80
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Jun 19 2013.

Total returns on $10,000

As of May 31 2013.Fund performance

Objective

The investment seeks to provide a high level of current income exempt from regular federal income tax. 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. It may invest, without limitation, in securities that may subject to federal alternative minimum tax. The fund invests a significant portion of its portfolio in municipal bonds rated BBB+ or below. In addition, it may invest significantly in municipal obligations of issuers in the same state, or engaged in the same types of projects or industries.

Profile

Fund typeOpen Ended Investment Company
Investment style (bonds)
Credit Quality: Low
Interest-Rate Sensitivity: Ext
Morningstar categoryHigh Yield Muni
Launch date15/03/2000
Price currencyUSD
DomicileUnited States
SymbolABHMX
Manager & start date
Neil Langberg
26/09/1994
Karl Zeile
01/11/2004
Chad M. Rach
30/09/2011

Investment

Pricing frequencyDaily
Total net assets
11.59m USDAs of May 31 2013
Net expense ratio1.42%
Front end load--
Deferred load5.00%
Redemption fee--
Min. initial investment250.00 USD
Min. additional investment50.00 USD
Initial IRA--
Additional IRA--
Available for saleUnited States

Diversification

Asset type

Bond
96.75%
Cash
3.25%
Other
0.00%
Non-US stock
0.00%
US stock
0.00%

Top 5 sectors

Fixed income•Tax-free bonds
Municipal Tax-Exempt
95.71%
Cash & Equivalents
3.25%
Municipal Taxable
0.59%
Preferred Stock
0.45%

Top 5 Regions

Regional weighting data is unavailable.

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change		Portfolio
weight		Long
allocation
Michigan Tob Settlement Fin Au Tobacc 6%--0.86%
Texas St Trans 2.5%--0.64%
Denver Colo City & Cnty Spl Fa Ref 5.25%--0.60%
Pima Cnty Ariz Indl Dev Auth 6.55%--0.57%
New York N Y City Indl Dev Agy Re 7.625%--0.56%
As of Mar 31 2013.Data delayed by at least 15 minutes.Top 10 holdings

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

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All data shown on this page, unless noted otherwise is Data Source and Copyright: Morningstar, Inc. 2013
All Rights reserved

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