AHITX: American Funds American High-Inc A

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Profile

AHITX - Profile

Vitals

  • YTD Return -4.7%
  • 3 Yr Annualized Return -2.9%
  • 5 Yr Annualized Return -1.7%
  • Net Assets $15.9 B
  • Holdings in Top 10 8.2%

52 WEEK LOW AND HIGH

$9.61
$7.95
$10.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA $25

Fund Classification


Distributions

  • YTD Total Return -4.7%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Funds American High-Income Trust®
  • Fund Family Name
    American Funds
  • Inception Date
    Feb 19, 1988
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Daigle

Fund Description

The fund invests primarily in higher yielding and generally lower quality debt securities (rated Ba1 or below or BB+ or below by Nationally Recognized Statistical Rating Organizations or unrated but determined by the fund's investment adviser to be of equivalent quality), including corporate loan obligations. It may also invest a portion of its assets in securities of issuers domiciled outside the United States.


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Categories

Performance

AHITX - Performance

Return Ranking - Trailing

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.7% -18.6% 8.1% 67.32%
1 Yr -4.6% -18.0% 8.9% 76.14%
3 Yr -2.9%* -9.5% 1.9% 74.47%
5 Yr -1.7%* -5.3% 1.5% 78.09%
10 Yr -1.3%* -4.1% 1.4% 82.14%

* Annualized

Return Ranking - Calendar

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -1.3% 12.6% 83.99%
2018 -7.5% -14.2% -0.4% 29.09%
2017 1.1% -5.7% 4.9% 46.29%
2016 9.7% 0.5% 13.4% 8.33%
2015 -13.0% -20.6% 1.0% 87.93%

Total Return Ranking - Trailing

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.7% -18.6% 8.1% 67.32%
1 Yr -4.6% -18.0% 8.9% 76.14%
3 Yr -2.9%* -9.5% 3.8% 83.84%
5 Yr -1.7%* -5.3% 4.1% 86.24%
10 Yr -1.3%* -4.1% 6.5% 90.63%

* Annualized

Total Return Ranking - Calendar

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -1.3% 12.6% 84.65%
2018 -7.5% -14.2% 0.4% 43.41%
2017 1.1% -5.1% 9.3% 62.40%
2016 9.7% 0.5% 20.7% 28.49%
2015 -13.0% -20.6% 1.0% 89.66%

NAV & Total Return History


Holdings

AHITX - Holdings

Concentration Analysis

AHITX Category Low Category High AHITX % Rank
Net Assets 15.9 B 251 K 25.6 B 5.38%
Number of Holdings 892 3 1647 6.88%
Net Assets in Top 10 1.3 B -362 M 2.13 B 5.59%
Weighting of Top 10 8.21% 4.1% 98.9% 80.17%

Top 10 Holdings

  1. MDC Partners Inc. 6.5% 0.97%
  2. Petsmart Inc 7.12% 0.94%
  3. Sprint Capital Corporation 6.88% 0.90%
  4. Sprint Capital Corporation 8.75% 0.88%
  5. Gogo Intermediate Holdings LLC and Gogo Finance Co. Inc. 9.88% 0.85%
  6. Bausch Health Companies Inc 6.12% 0.80%
  7. Petsmart Inc 8.88% 0.79%
  8. First Quantum Minerals Ltd. 7.5% 0.77%
  9. Scientific Games International, Inc. 8.25% 0.68%
  10. Univision Commmunications Inc. 5.12% 0.64%

Asset Allocation

Weighting Return Low Return High AHITX % Rank
Bonds
92.59% 81.94% 148.76% 73.12%
Cash
4.77% -49.31% 18.01% 28.17%
Stocks
1.36% 0.00% 8.60% 12.90%
Convertible Bonds
0.86% 0.00% 6.42% 32.04%
Preferred Stocks
0.44% 0.00% 5.38% 18.92%
Other
0.00% -4.83% 7.56% 68.60%

Stock Sector Breakdown

Weighting Return Low Return High AHITX % Rank
Energy
42.39% 0.00% 100.00% 24.32%
Utilities
24.75% 0.00% 100.00% 22.60%
Communication Services
13.13% 0.00% 100.00% 23.97%
Technology
6.27% 0.00% 34.21% 16.78%
Healthcare
5.42% 0.00% 100.00% 25.00%
Industrials
4.40% 0.00% 100.00% 23.97%
Financial Services
3.64% 0.00% 100.00% 18.84%
Real Estate
0.00% 0.00% 80.20% 59.59%
Consumer Defense
0.00% 0.00% 23.29% 56.85%
Consumer Cyclical
0.00% 0.00% 100.00% 69.18%
Basic Materials
0.00% 0.00% 100.00% 65.07%

Stock Geographic Breakdown

Weighting Return Low Return High AHITX % Rank
US
1.20% 0.00% 8.60% 16.77%
Non US
0.16% 0.00% 0.94% 3.87%

Bond Sector Breakdown

Weighting Return Low Return High AHITX % Rank
Corporate
94.33% 62.44% 100.00% 61.94%
Cash & Equivalents
5.18% 0.00% 14.07% 27.31%
Government
0.38% 0.00% 33.18% 11.83%
Securitized
0.10% 0.00% 10.88% 34.19%
Derivative
0.00% 0.00% 4.03% 63.44%
Municipal
0.00% 0.00% 0.58% 57.85%

Bond Geographic Breakdown

Weighting Return Low Return High AHITX % Rank
US
82.22% 67.67% 127.59% 47.96%
Non US
10.37% 0.17% 29.53% 68.82%

Expenses

AHITX - Expenses

Operational Fees

AHITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.13% 20.17% 80.26%
Management Fee 0.29% 0.00% 1.10% 3.25%
12b-1 Fee 0.26% 0.00% 1.00% 56.44%
Administrative Fee 0.01% 0.01% 0.30% 1.29%

Sales Fees

AHITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 63.86%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AHITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AHITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 16.00% 216.00% 43.70%

Distributions

AHITX - Distributions

Dividend Yield Analysis

AHITX Category Low Category High AHITX % Rank
Dividend Yield 0.00% 0.00% 2.43% 55.48%

Dividend Distribution Analysis

AHITX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

AHITX Category Low Category High AHITX % Rank
Net Income Ratio 6.14% 2.13% 9.34% 8.86%

Capital Gain Distribution Analysis

AHITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

AHITX - Fund Manager Analysis

Managers

David Daigle


Start Date

Tenure

Tenure Rank

Dec 01, 2003

16.59

16.6%

David A. Daigle is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst, he covers wireless communications and building products companies. Earlier in his career at Capital, David covered multiple industries including health care, technology and directories. He holds an MBA from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from the University of Vermont. David is based in New York.

Thomas Chow


Start Date

Tenure

Tenure Rank

Dec 01, 2014

5.58

5.6%

Mr. Chow is a vice president and portfolio manager for Capital Research and Management Company. Prior to joinming Caital Research 2014, Mr. Chow is a member of the taxable fixed income portfolio management team for Delaware. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.

Tara Torrens


Start Date

Tenure

Tenure Rank

Jun 01, 2015

5.08

5.1%

Tara L. Torrens has been with Capital Research and Management Company or affiliate since 2003.

Shannon Ward


Start Date

Tenure

Tenure Rank

Dec 01, 2016

3.58

3.6%

Shannon Ward is a fixed income portfolio manager at Capital Group. She has 26 years of investment industry experience and has been with Capital Group for two years. Prior to joining Capital, Shannon worked as a portfolio manager at Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelor's degree in psychology from University of California, Santa Barbara. Shannon is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 35.88 6.89 1.5