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American Funds American High-Inc R4 (RITEX)

9.45 +0.03 (+0.32%)
At close: 6:45 PM EDT

Fund Summary

The fund invests primarily in higher yielding and generally lower quality debt securities (rated Ba1 / BB+ or below by Nationally Recognized Statistical Rating Organizations or unrated but determined by the fund's investment adviser to be of equivalent quality), including corporate loan obligations. It may also invest a portion of its assets in securities of issuers domiciled outside the United States.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 48.40%
Worst 1Y Total Return --
Number of Years Up 17
Number of Years Down 4

Performance & Risk

YTD Return 1.07%
5y Average Return 4.21%
Rank in Category (ytd) 14
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.84
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
RITEXCategory AverageRITEXCategory AverageRITEXCategory Average
Alpha 4.95 0.03 4.15 0.04 2.72 0.04
BETA 0.84 0.01 0.78 0 0.67 0
Mean Annual Return 0.29 0.01 0.42 0.01 0.36 0
R-squared 60.15 0.04 28.02 0.05 18.37 0.04
Standard Deviation 7.91 0.09 9.06 0.07 7.5 0.07
Sharpe Ratio 0.08 0.01 0.32 0.01 0.38 0.01
Treynor Ratio 0.35 0.11 3.28 0.11 3.9 0.12

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