- What does HIMFX invest in?
- Typically, this fund allocates a minimum of 80% of its assets or generates at least 80% of its income from municipal securities that are exempt from standard federal income tax. However, these holdings may still expose investors to the Alternative Minimum Tax (AMT), with no upper limit on such investments. Furthermore, a significant portion—at least 50% of its portfolio—is dedicated to debt securities rated BBB+ or lower (or Baa1 or lower by Moody's equivalent), or to unrated securities that the investment adviser determines to be of comparable quality.
- What is the expense ratio of HIMFX?
- American High-Income Municipal Bond F3 (HIMFX) charges an expense ratio of 0.32%. This is the annual fee deducted from fund assets to cover management and operations.
- What is HIMFX's dividend yield?
- HIMFX's trailing-twelve-month yield is 4.33%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of HIMFX?
- Effective duration measures HIMFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HIMFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of HIMFX?
- HIMFX'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 HIMFX?
- Yield to maturity (YTM) is the total return you'd earn from HIMFX if every bond in the portfolio is held to maturity at the current price. HIMFX'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.
