AHITX: American Funds American High-Inc A

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AHITX American Funds American High-Inc A


Profile

AHITX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $16.8 B
  • Holdings in Top 10 7.8%

52 WEEK LOW AND HIGH

$10.14
$9.83
$10.25

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 0.6%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.14%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Funds American High-Income Trust® Class A
  • 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 American Funds American High-Income Trust Fund Class A (AHITX) is a low-cost, actively managed fund designed to provide very high income. AHITX bets on the high-yield, or junk bond, sector of the market. These are bonds issued to less-than-ideal borrowers. Using rigorous credit analysis, AHITX seeks to balance high income with risk. The fund may also invest up to 25% of its portfolio in preferred stocks, common stocks or equity-related securities.

Given its mandate on junk bonds, AHITX is a perfect satellite position for a diversified fixed-income portfolio. The fund is managed by Capital Research and Management Company.


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Categories

Performance

AHITX - Performance

Return Ranking - Trailing

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -0.3% 1.6% 21.03%
1 Yr 11.8% -0.5% 19.6% 17.75%
3 Yr 5.4%* -4.9% 7.8% 11.60%
5 Yr 4.7%* -3.0% 7.4% 14.84%
10 Yr 6.1%* -4.7% 9.0% 19.30%

* Annualized

Return Ranking - Calendar

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% 0.0% 23.9% 85.62%
2018 -7.5% -17.1% -1.8% 31.83%
2017 1.1% -5.7% 4.8% 47.19%
2016 9.7% 1.1% 13.0% 10.72%
2015 -13.0% -20.6% 9.9% 94.00%

Total Return Ranking - Trailing

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -0.3% 1.6% 21.03%
1 Yr 7.6% -0.5% 19.6% 18.91%
3 Yr 4.1%* -4.9% 7.8% 19.51%
5 Yr 4.0%* -3.0% 7.4% 26.10%
10 Yr 5.7%* -4.7% 9.0% 27.63%

* Annualized

Total Return Ranking - Calendar

Period AHITX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% 0.0% 23.9% 86.71%
2018 -7.5% -17.1% 0.4% 44.47%
2017 1.1% -5.1% 8.1% 63.78%
2016 9.7% 1.1% 20.7% 30.29%
2015 -13.0% -20.6% 11.7% 95.43%

NAV & Total Return History


Holdings

AHITX - Holdings

Concentration Analysis

AHITX Category Low Category High AHITX % Rank
Net Assets 16.8 B 1.02 M 26.6 B 5.59%
Number of Holdings 727 5 1577 8.58%
Net Assets in Top 10 1.32 B -420 M 2.07 B 5.79%
Weighting of Top 10 7.81% 4.5% 378.7% 84.33%

Top 10 Holdings

  1. Bausch Health Companies Inc 6.12% 1.00%
  2. Gogo Intermediate Holdings LLC and Gogo Finance Co. Inc. 9.88% 0.98%
  3. MDC Partners Inc. 6.5% 0.86%
  4. Petsmart Inc 7.12% 0.84%
  5. First Quantum Minerals Ltd. 7.5% 0.79%
  6. Tenet Healthcare Corporation 4.88% 0.72%
  7. Petsmart Inc 8.88% 0.71%
  8. Scientific Games International, Inc. 8.25% 0.65%
  9. Frontier Communications Corporation 11% 0.64%
  10. Teva Pharmaceutical Finance Netherlands III B.V. 6% 0.62%

Asset Allocation

Weighting Return Low Return High AHITX % Rank
Bonds
89.40% 84.98% 134.42% 89.06%
Cash
8.19% -36.19% 20.61% 17.17%
Stocks
1.47% -12.70% 8.94% 16.95%
Convertible Bonds
0.53% 0.00% 4.81% 37.55%
Preferred Stocks
0.41% 0.00% 5.14% 21.46%
Other
0.00% -9.69% 6.34% 85.84%

Stock Sector Breakdown

Weighting Return Low Return High AHITX % Rank
Energy
42.39% 0.00% 100.00% 31.16%
Utilities
24.75% 0.00% 100.00% 18.84%
Communication Services
13.13% 0.00% 100.00% 27.40%
Technology
6.27% 0.00% 36.09% 22.95%
Healthcare
5.42% 0.00% 56.11% 24.66%
Industrials
4.40% 0.00% 100.00% 39.38%
Financial Services
3.64% 0.00% 100.00% 22.26%
Real Estate
0.00% 0.00% 77.64% 91.10%
Consumer Defense
0.00% 0.00% 21.31% 89.38%
Consumer Cyclical
0.00% 0.00% 100.00% 93.84%
Basic Materials
0.00% 0.00% 100.00% 92.12%

Stock Geographic Breakdown

Weighting Return Low Return High AHITX % Rank
US
1.42% -12.70% 8.94% 16.95%
Non US
0.05% 0.00% 2.95% 14.59%

Bond Sector Breakdown

Weighting Return Low Return High AHITX % Rank
Corporate
91.35% 74.10% 100.00% 77.25%
Cash & Equivalents
8.25% 0.00% 18.79% 18.24%
Government
0.33% 0.00% 22.27% 12.88%
Derivative
0.06% 0.00% 15.37% 26.61%
Securitized
0.01% 0.00% 11.00% 37.12%
Municipal
0.00% 0.00% 0.30% 88.84%

Bond Geographic Breakdown

Weighting Return Low Return High AHITX % Rank
US
78.20% 67.67% 112.31% 70.17%
Non US
11.20% 0.00% 29.53% 75.97%

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% 81.72%
Management Fee 0.29% 0.00% 1.44% 4.97%
12b-1 Fee 0.26% 0.00% 1.00% 57.82%
Administrative Fee 0.01% 0.01% 0.30% 0.66%

Sales Fees

AHITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 70.79%
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% 0.34% 623.00% 56.93%

Distributions

AHITX - Distributions

Dividend Yield Analysis

AHITX Category Low Category High AHITX % Rank
Dividend Yield 1.52% 0.00% 4.07% 26.18%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AHITX Category Low Category High AHITX % Rank
Net Income Ratio 6.14% 1.57% 9.34% 9.07%

Capital Gain Distribution Analysis

AHITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AHITX - Fund Manager Analysis

Managers

David Daigle


Start Date

Tenure

Tenure Rank

Dec 01, 2003

16.09

16.1%

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

5.08

5.1%

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

4.59

4.6%

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

3.08

3.1%

Shannon Ward, Vice President, has joined in Capital Group since 2017. Previously, she worked as a portfolio manager with Oaktree Capital Management. Prior to Oaktree in 2006, she spent five years as a Vice President for High Yield Investments at AIG Global Investment Group. Before that, she spent over five years at Banc of America Securities, most recently as a Managing Director in the Entertainment/Media Group, and after her M.B.A., joined Union Bank of California as an Assistant Vice President in the Communications and Media Group. Ms. Ward received a B.A. degree in Psychology from the University of California, Santa Barbara and an M.B.A. with a concentration in Finance from the University of Southern California.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.24 35.38 6.42 5.25