American High-Income Municipal Bond Fund® Class AAMHIX

15.51
0.01 / 0.06%
14.26 - 15.60+1.52
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Oct 22 2014.

Total returns on $10,000

As of Sep 30 2014.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 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.

Profile

Fund typeOpen Ended Investment Company
Investment style (bonds)
Credit Quality: Low
Interest-Rate Sensitivity: Ext
Morningstar categoryHigh Yield Muni
Launch date26/09/1994
Price currencyUSD
DomicileUnited States
SymbolAMHIX
Manager & start date
Neil Langberg
26/09/1994
Karl Zeile
01/11/2004
Chad Rach
30/09/2011

Investment

Pricing frequencyDaily
Total net assets
2.46bn USDAs of Sep 30 2014
Net expense ratio0.68%
Front end load3.75%
Deferred load--
Redemption fee--
Min. initial investment250.00 USD
Min. additional investment50.00 USD
Initial IRA--
Additional IRA--
Available for saleUnited States

Diversification

Asset type

US bond
94.04%
Cash
5.96%
Other
0.00%
Non-US bond
0.00%
Non-US stock
0.00%
US stock
0.00%

Top 5 sectors

Municipal Tax-Exempt
91.81%
Cash & Equivalents
5.96%
Municipal Taxable
1.93%
Preferred Stock
0.30%

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%--1.00%
Texas St Trans 2%--1.00%
Buckeye Ohio Tob Settlement Fi Toba 6.5%--0.67%
Denver Colo City & Cnty Spl Fa Ref 5.25%--0.61%
New Jersey Econ Dev Auth 5.25%--0.59%
Data delayed at least 15 minutes, as of Sep 30 2014.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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