American Funds American High-Income Trust benefits from a revamped and now notably stable team and has seen encouraging changes to its approach in recent years, supporting an upgrade of its Morningstar Analyst Rating for its cheapest share classes to Bronze, while its pricier shares receive a Neutral.
American Funds American High-Inc A AHITX
NAV / 1-Day Return
10.33
/
0.11
%
Total Assets
20.1 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.
0.690%
Expense Ratio
0.690%
Fee Level
Low
Longest Manager Tenure
18.15
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
4.26%
Effective Duration
3.52
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 AHITX 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 AHITX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AHITX 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 AHITX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Recent changes and team stability have strengthened this strategy.
