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15 important things you should know about American Funds AMHIX mutual fund

Updated: September 09, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for AMHIX “stock” price, you can quickly find it out by visiting Finny and typing "AMHIX quote". If you’re looking for a quick scoop on AMHIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AMHIX". You’ll get all this info in one place.

Are you looking to buy or sell AMHIX? Or perhaps you’re looking for AMHIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AMHIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AMHIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AMHIX buy or sell; the pros and cons of investing in AMHIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AMHIX.

And here is the list of questions we’ll answer:

  1. Describe American High-Income Municipal Bond Fund; Class A Shares (AMHIX).
  2. What are AMHIX holdings?
  3. What is AMHIX performance? What are AMHIX historical returns?
  4. How many up and down years did AMHIX have historically?
  5. What is AMHIX dividend yield?
  6. What is AMHIX minimum initial investment amount?
  7. What is AMHIX expense ratio?
  8. Does AMHIX have any sales loads or 12b-1 distribution expenses?
  9. What is AMHIX tax efficiency (tax-cost ratio)?
  10. What is AMHIX beta? How would you assess AMHIX risk?
  11. What is AMHIX Sharpe ratio?
  12. What is AMHIX Finny Score? AMHIX buy or sell?
  13. What are the pros of investing in AMHIX? What are AMHIX buy reasons?
  14. What are the cons of investing in AMHIX? What are AMHIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American High-Income Municipal Bond Fund; Class A Shares (AMHIX).

The Fund seeks to provide a high level of current income exempt from federal income tax, consistent with the preservation of capital. The Fund invests primarily in municipal bonds. Under normal circumstances, the Fund will invest at least 80% of its assets in securities that are exempt from regular federal income tax.

2. What are AMHIX top holdings?

AMHIX has 5 stock holdings and 2,523 bond holdings.

The top 9 holdings represent 3.80% of total assets. Here are the top holdings:

Name Symbol % Assets
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% N/A 0.56%
LOUISIANA PUB FACS AUTH REV 0.9% N/A 0.49%
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% N/A 0.42%
NEW YORK N Y 0.8% N/A 0.42%
BROWARD CNTY FLA ARPT SYS REV 4% N/A 0.40%
NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% N/A 0.39%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75% N/A 0.38%
CHICAGO ILL BRD ED 7% N/A 0.38%
ILLINOIS ST 5% N/A 0.36%

3. What is AMHIX performance? What are AMHIX historical returns?

AMHIX has generated the following returns:

  • 1-month return is 0.09%;
  • 3-month return is 4.80%;
  • 1-year return is 1.13%;
  • 3-year return is 4.21%;
  • 5-year return is 4.78%;
  • 10-year return is 5.48%;
  • 15-year return is 4.60%.

4. How many up and down years did AMHIX have historically?

In the last 10 years, AMHIX had 9 up years and 1 down year.

5. What is AMHIX dividend yield?

AMHIX yield is 3.39%.

6. What is AMHIX minimum initial investment amount?

AMHIX minimum initial investment amount is $1.00K.

7. What is AMHIX expense ratio?

AMHIX expense ratio is 0.7%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does AMHIX have any sales loads or 12b-1 distribution expenses?

AMHIX 12b-1 distribution fee is 0.3. AMHIX front-end sales load is 3.75. AMHIX back-end sales load is 0.

9. What is AMHIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.02%;
  • 3-year ax cost ratio is 0.01%.

10. What is AMHIX beta? How would you assess AMHIX risk?

  • 3-year beta is 1.43;
  • 5-year beta is 1.31;
  • 10-year beta is 1.22;
  • 15-year beta is 1.19.

11. What is AMHIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.41;
  • 5-year Sharpe ratio is 0.62;
  • 10-year Sharpe ratio is 0.98.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

13. What are the pros of investing in AMHIX? What are AMHIX buy reasons?

The following are AMHIX strengths from our perspective:

  • AMHIX 3-year return is 4.21%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4.07%.
  • AMHIX 5-year return is 4.78%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 3.97%.
  • AMHIX 10-year return is 5.48%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4%.
  • AMHIX 15-year return is 4.6%, which is higher than the 15-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4.31%.

14. What are the cons of investing in AMHIX? What are AMHIX negatives?

The following are AMHIX weaknesses from our perspective:

  • AMHIX expense ratio is 0.7%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.3%, while the maximum front-end sales load is 3.75%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the AMHIX review, we covered AMHIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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