15.39 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 15.39
Category High Yield Muni
Net Assets 2.36 Bil
Yield 4.34%
Morningstar Risk Below Average
Morningstar Return Average
  • Last NAV update 8/29/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 4.08% 9.90% 14.18% -3.41% 11.17%
Value ($) 10,407.94 11,438.83 13,060.65 12,615.80 14,024.99
  • Year to date performance as of 8/29/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family American Funds
Fund Manager Neil Langberg
Tenure (Years) 20
Fund Status Open
Minimum Initial Purchase 250.00
Minimum IRA Investment NA
Front Load 3.75
Expense Ratio 0.69%
PERFORMANCE
Symbol Value ($)
1 Month 1.29%
3 Months 1.53%
1 Year 14.44%
3 Years* 8.30%
5 Years* 8.34%
  • * Annualized returns
  • Performance as of 8/29/2014 12:00 AM ET
PEER COMPARISON
  AMHIX High Yield Muni
5-Yr Return 8.34% 7.78%
Sharpe Ratio 1.59 1.63
Net Assets 2.36 Bil 376.41 Mil
Avg Market Cap NA 27.98 Bil
Avg P/E NA NA
Portfolio Turnover 25 34
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 2.50%
Fixed Income 97.50%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
Texas St Trans 2% 1.00%
Michigan Tob Settlement Fin Au Tobacc 6% 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%
Tobacco Settlement Fing Corp N Asset 5% 0.58%
Pima Cnty Ariz Indl Dev Auth 6.55% 0.58%
Colorado Health Facs Auth 5% 0.57%
Tulsa Okla Mun Arpt Tr Rev Rev Bds 5.5% 0.56%
New York N Y City Indl Dev Agy Re 7.625% 0.56%
DATA PROVIDERS

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