The three comanagers running American High-Income Municipal Bond are an experienced group supported by a solid analyst team that follows a sensible, research-based approach to build this portfolio. The strategy's cheapest share classes earn a Morningstar Analyst Rating of Silver, while its more expensive shares earn Bronze and Neutral ratings.
American High-Income Municipal Bond F-2 AHMFX
NAV / 1-Day Return
16.79
/
0.13
%
Total Assets
8.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.430%
Expense Ratio
0.430%
Fee Level
Low
Longest Manager Tenure
16.45
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
250
Status
Open
TTM Yield
3.32%
Effective Duration
7.03
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Worth a look.
