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American High-Income Municipal Bond A AMHIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
17.09  /  0.05 %
Total Assets
9.5 Bil
Adj. Expense Ratio
0.670%
Expense Ratio
0.670%
Fee Level
Low
Longest Manager Tenure
16.63 years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Min. Initial Investment
250
Status
Open
TTM Yield
2.98%
Effective Duration
6.52 years

USD | NAV as of Jun 18, 2021 | 1-Day Return as of Jun 18, 2021, 9:30 PM GMT+00:00

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Morningstar’s Analysis

Will AMHIX outperform in future?

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

Process Pillar

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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

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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

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

A solid offering for high-yield muni investors.

Senior Analyst

Summary

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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. The strategy's cheapest share classes earn a Morningstar Analyst Rating of Silver, while its more expensive shares earn Bronze and Neutral ratings.

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