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Morningstar

American High-Income Municipal Bond F-2 AHMFX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 14.93  /  0.08 %
  • Total Assets 9.5 Bil
  • Adj. Expense Ratio
    0.390%
  • Expense Ratio 0.390%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.65%
  • Effective Duration 8.63 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis AHMFX

Will AHMFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AHMFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AHMFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of AHMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong choice

Associate Director

Summary

| by Elizabeth Foos

The experienced managers charged with running American High-Income Municipal Bond are supported by a solid analyst team that follows a prudent, research-based approach to build this portfolio. They collaborate well and display strong and efficient communication and organized succession planning, which earns an upgrade to a High People Pillar rating. The strategy's cheapest share classes now carry a Morningstar Analyst Rating of Silver, while its more-expensive shares earn a Bronze rating.

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