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American High-Income Municipal Bond F-1 (ABHFX)

15.13 Up 0.02(0.13%) Jul 11

Profile as of Jun 29, 2014Get Profile for:
American High-Income Municipal Bond F-1
American High-income Municipal Bond Fund333 South Hope StreetLos Angeles, CA 90071
Phone: 800-421-4225
Fund Overview 
Category:High Yield Muni
Fund Family:American Funds
Net Assets:2.91B
Year-to-Date Return:9.27%
Morningstar Rating:3 stars
Fund Inception Date:Mar 15, 2001
Morningstar Style Box 
High Yield Muni
[View Category Definition]
View Top High Yield Muni Funds
About the Morningstar Style Box
Management Information 
Karl J. Zeile
Lead Manager since Nov 1, 2004
Zeile is the vice president and director of Capital Research Company Investment. He began his professional career 14 years ago; 6 years with Capital Research and Management Company or affiliate.
Investment Information 
Min Initial Investment:250
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:250
Min Subsequent Investment:50
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:50
ABHFX can be purchased from 78 brokerages.

Fund Summary 
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.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.00
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 9, 2014) : 25.00%
Average for Category:26.20%
Fees & Expenses 
ExpenseABHFXCategory Avg
Annual Report Expense Ratio (net):0.79%0.99%
Prospectus Net Expense Ratio:0.79%N/A
Prospectus Gross Expense Ratio:0.79%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A3.83%
Max Deferred Sales Load: N/A2.26%
3 Yr Expense Projection*:252550
5 Yr Expense Projection*:439808
10 Yr Expense Projection*:9781,524
* Per $10,000 invested