- What does ABHFX invest in?
- Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and may subject the investors to alternative minimum tax. It may invest, without limitation, in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below, or unrated but determined by the fund's investment adviser to be of equivalent quality.
- What is the expense ratio of ABHFX?
- American High-Income Municipal Bond F-1 (ABHFX) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ABHFX's dividend yield?
- ABHFX's trailing-twelve-month yield is 3.90%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ABHFX?
- Effective duration measures ABHFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ABHFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ABHFX?
- ABHFX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of ABHFX?
- Yield to maturity (YTM) is the total return you'd earn from ABHFX if every bond in the portfolio is held to maturity at the current price. ABHFX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
