Finny logo
Finny logo
Dibs:
Dibs:
0

7-day free trial: Get unlimited comparisons, and stock, ETF and mutual fund analyses for just $14.95 a month, without ads. Start a free trial. Go ad free!

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

Updated: September 18, 2020
25
Bull Case
  • No sales load or distribution fees
Bear Case
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark

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

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

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

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

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

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

Fact Sheet

1. Describe American High-Income Trust; Class R-6 Shares (RITGX).

The Fund seeks to provide a high level of current income and, secondarily, capital appreciation. At least 65% of the portfolio will be invested in high-yield, lower rated bonds (Ba or BB or below at the time of purchase) and other similar securities, including preferred stocks.

2. What are RITGX top holdings?

RITGX has 30 stock holdings and 680 bond holdings.

The top 10 holdings represent 8.62% of total assets. Here are the top holdings:

Name Symbol % Assets
Bausch Health Companies Inc 6.12% N/A 1.03%
Sprint Capital Corporation 8.75% N/A 0.97%
Petsmart Inc 7.12% N/A 0.96%
Gogo Intermediate Holdings LLC and Gogo Finance Co. Inc. 9.88% N/A 0.89%
MDC Partners Inc. 6.5% N/A 0.89%
Sprint Capital Corporation 6.88% N/A 0.85%
First Quantum Minerals Ltd. 7.5% N/A 0.81%
Petsmart Inc 8.88% N/A 0.78%
Tenet Healthcare Corporation 4.88% N/A 0.77%
Petsmart Inc 5.88% N/A 0.67%

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

RITGX has generated the following returns:

  • 1-month return is 1.42%;
  • 3-month return is 5.08%;
  • 1-year return is 3.52%;
  • 3-year return is 4.08%;
  • 5-year return is 5.50%;
  • 10-year return is 5.66%.

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

In the last 10 years, RITGX had 8 up years and 2 down years. See Performances

5. What is RITGX dividend yield?

RITGX yield is 6.56%.

6. What is RITGX minimum initial investment amount?

RITGX minimum initial investment amount is N/A.

7. What is RITGX expense ratio?

RITGX expense ratio is 0.34%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

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

RITGX 12b-1 distribution fee is 0. RITGX front-end sales load is 0. RITGX back-end sales load is 0.

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

  • 1-year ax cost ratio is 2.62%;
  • 3-year ax cost ratio is 2.57%.

See Taxes

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

  • 3-year beta is 0.35;
  • 5-year beta is 0.34;
  • 10-year beta is 0.30;
  • 15-year beta is 0.57.

See Risks

11. What is RITGX Sharpe ratio?

  • 3-year Sharpe ratio is 0.12;
  • 5-year Sharpe ratio is 0.34;
  • 10-year Sharpe ratio is 0.70;
  • 15-year Sharpe ratio is 0.52.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 25. Our quantitative analysis shows 1 reason to buy and 3 reasons to sell it, resulting in the Finny Score of 25.

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

The following are RITGX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are RITGX weaknesses from our perspective:

  • <strong>RITGX 3-year return</strong> is 4.08%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 4.81%.
  • <strong>RITGX 5-year return</strong> is 5.5%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 6.39%.
  • <strong>RITGX 10-year return</strong> is 5.66%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays US High Yield 2% Issuer Cap TR USD), 6.82%.
In the RITGX review, we covered RITGX 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.
Follow Us