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Morningstar

American High-Income Municipal Bond A AMHIX Fund Analysis

Morningstar Analyst Rating
| Analyst rating as of

Morningstar’s Analysis AMHIX

Will AMHIX 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 AMHIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AMHIX 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 AMHIX’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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