AMERICAN HIGH INCOME TRUST
Name
As of 12/01/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.7%
1 yr return
6.9%
3 Yr Avg Return
3.0%
5 Yr Avg Return
4.8%
Net Assets
$17.8 B
Holdings in Top 10
14.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$25
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/01/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HIGFX - Profile
Distributions
- YTD Total Return 8.7%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.96%
- Dividend Yield 7.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAMERICAN HIGH INCOME TRUST
-
Fund Family NameCapital Group Fund Group
-
Inception DateAug 04, 2008
-
Shares OutstandingN/A
-
Share ClassF3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Daigle
Fund Description
The fund invests primarily in higher yielding and generally lower quality debt securities (rated Ba1 / 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. Such securities are sometimes referred to as “junk bonds.” The fund may also invest a portion of its assets in securities tied economically to countries outside the United States.
The fund may also invest in futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.
The fund is designed for investors seeking a high level of current income and who are able to tolerate greater credit risk and price fluctuations than those that exist in funds investing in higher quality debt securities.
The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
HIGFX - Performance
Return Ranking - Trailing
| Period | HIGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -7.8% | 13.4% | 35.75% |
| 1 Yr | 6.9% | -10.5% | 74.6% | 33.53% |
| 3 Yr | 3.0%* | -15.2% | 20.1% | 10.56% |
| 5 Yr | 4.8%* | -11.0% | 37.4% | 7.18% |
| 10 Yr | N/A* | -4.5% | 19.5% | 25.97% |
* Annualized
Return Ranking - Calendar
| Period | HIGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -13.9% | -33.4% | 3.6% | 25.52% |
| 2021 | 3.7% | -8.4% | 8.2% | 4.35% |
| 2020 | 0.6% | -13.2% | 302.7% | 34.35% |
| 2019 | 5.1% | -4.4% | 13.3% | 82.01% |
| 2018 | -7.5% | -18.4% | -0.4% | 30.47% |
Total Return Ranking - Trailing
| Period | HIGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -7.8% | 13.4% | 35.75% |
| 1 Yr | 6.9% | -10.5% | 74.6% | 33.53% |
| 3 Yr | 3.0%* | -15.2% | 20.1% | 10.56% |
| 5 Yr | 4.8%* | -11.0% | 37.4% | 7.18% |
| 10 Yr | N/A* | -4.5% | 19.5% | 24.68% |
* Annualized
Total Return Ranking - Calendar
| Period | HIGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -8.4% | -33.4% | 47.8% | 20.90% |
| 2021 | 9.7% | -8.4% | 12.4% | 4.04% |
| 2020 | 8.0% | -9.6% | 325.6% | 12.30% |
| 2019 | 12.9% | 0.9% | 19.4% | 62.87% |
| 2018 | -2.1% | -10.7% | 4.5% | 23.64% |
NAV & Total Return History
HIGFX - Holdings
Concentration Analysis
| HIGFX | Category Low | Category High | HIGFX % Rank | |
|---|---|---|---|---|
| Net Assets | 17.8 B | 1.85 M | 22.6 B | 2.49% |
| Number of Holdings | 1038 | 2 | 2736 | 6.90% |
| Net Assets in Top 10 | 2.51 B | -492 M | 4.6 B | 2.64% |
| Weighting of Top 10 | 14.12% | 4.2% | 149.0% | 46.70% |
Top 10 Holdings
- CAPITAL GROUP CENTRAL CASH FUND 6.57%
- ROTECH HEALTHCARE INC PP (NEW) (NOT LISTED OR TRADING) (DRS) 1.13%
- DIEBOLD NIXDORF INC TL 144A (TSFR3M+750) FRN 08-11-28 1.13%
- NGL ENERGY OPERATING LLC 144A LIFE SR SEC 1ST LIEN 7.5% 02-01-26 1.01%
- FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26 0.94%
- FIRST QUANTUM MINERALS LTD 144A LIFE SR UNSEC 6.875% 10-15-27 0.81%
- DISH NETWORK CORP 144A LIFE SR SEC 1ST LIEN 11.75% 11-15-27 0.69%
- FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26 0.66%
- DIEBOLD NIXDORF INC (NEW) 0.62%
- TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 5.125% 05-09-29 0.57%
Asset Allocation
| Weighting | Return Low | Return High | HIGFX % Rank | |
|---|---|---|---|---|
| Bonds | 89.92% | 0.00% | 154.38% | 83.92% |
| Cash | 6.57% | -52.00% | 78.36% | 20.70% |
| Stocks | 3.64% | 0.00% | 99.61% | 15.50% |
| Convertible Bonds | 0.98% | 0.00% | 17.89% | 57.42% |
| Preferred Stocks | 0.07% | 0.00% | 7.89% | 35.10% |
| Other | 0.00% | -63.70% | 98.03% | 85.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HIGFX % Rank | |
|---|---|---|---|---|
| Energy | 77.45% | 0.00% | 100.00% | 24.07% |
| Communication Services | 11.96% | 0.00% | 99.99% | 27.51% |
| Financial Services | 6.24% | 0.00% | 100.00% | 19.84% |
| Utilities | 2.41% | 0.00% | 100.00% | 20.63% |
| Technology | 1.25% | 0.00% | 33.17% | 19.58% |
| Industrials | 0.70% | 0.00% | 100.00% | 29.37% |
| Real Estate | 0.00% | 0.00% | 86.71% | 57.67% |
| Healthcare | 0.00% | 0.00% | 22.17% | 55.29% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 57.41% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 68.25% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 58.99% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HIGFX % Rank | |
|---|---|---|---|---|
| US | 3.64% | 0.00% | 99.61% | 15.57% |
| Non US | 0.00% | -0.01% | 0.83% | 51.25% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HIGFX % Rank | |
|---|---|---|---|---|
| Corporate | 93.06% | 0.00% | 129.69% | 67.50% |
| Cash & Equivalents | 6.57% | 0.00% | 78.19% | 18.21% |
| Government | 0.43% | 0.00% | 99.07% | 21.47% |
| Securitized | 0.04% | 0.00% | 97.24% | 41.32% |
| Municipal | 0.00% | 0.00% | 4.66% | 49.41% |
| Derivative | 0.00% | -12.96% | 42.26% | 83.55% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HIGFX % Rank | |
|---|---|---|---|---|
| US | 89.88% | 0.00% | 129.21% | 70.78% |
| Non US | 0.03% | 0.00% | 97.19% | 41.41% |
HIGFX - Expenses
Operational Fees
| HIGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.33% | 0.04% | 31.61% | 97.65% |
| Management Fee | 0.29% | 0.00% | 1.84% | 3.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.00% | 0.50% | 10.55% |
Sales Fees
| HIGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| HIGFX 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.
| HIGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 66.00% | 1.00% | 255.00% | 54.63% |
HIGFX - Distributions
Dividend Yield Analysis
| HIGFX | Category Low | Category High | HIGFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.36% | 0.00% | 35.00% | 54.39% |
Dividend Distribution Analysis
| HIGFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| HIGFX | Category Low | Category High | HIGFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.96% | -2.39% | 14.30% | 22.12% |
Capital Gain Distribution Analysis
| HIGFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 01, 2022 | $0.046 | DailyAccrualFund |
| Nov 01, 2022 | $0.056 | DailyAccrualFund |
| Oct 03, 2022 | $0.043 | DailyAccrualFund |
| Sep 01, 2022 | $0.045 | DailyAccrualFund |
| Aug 01, 2022 | $0.045 | DailyAccrualFund |
| Jul 01, 2022 | $0.043 | DailyAccrualFund |
| Jun 01, 2022 | $0.048 | DailyAccrualFund |
| May 02, 2022 | $0.038 | DailyAccrualFund |
| Apr 01, 2022 | $0.046 | DailyAccrualFund |
| Mar 01, 2022 | $0.038 | DailyAccrualFund |
| Feb 01, 2022 | $0.041 | DailyAccrualFund |
| Jan 03, 2022 | $0.045 | DailyAccrualFund |
| Dec 01, 2021 | $0.041 | DailyAccrualFund |
| Nov 01, 2021 | $0.040 | DailyAccrualFund |
| Oct 01, 2021 | $0.040 | DailyAccrualFund |
| Sep 01, 2021 | $0.041 | DailyAccrualFund |
| Aug 02, 2021 | $0.037 | DailyAccrualFund |
| Jul 01, 2021 | $0.036 | DailyAccrualFund |
| Jun 01, 2021 | $0.038 | DailyAccrualFund |
| May 03, 2021 | $0.037 | DailyAccrualFund |
| Apr 01, 2021 | $0.046 | DailyAccrualFund |
| Mar 01, 2021 | $0.045 | DailyAccrualFund |
| Feb 01, 2021 | $0.044 | DailyAccrualFund |
| Jan 04, 2021 | $0.093 | DailyAccrualFund |
| Dec 01, 2020 | $0.041 | DailyAccrualFund |
| Nov 02, 2020 | $0.047 | DailyAccrualFund |
| Oct 01, 2020 | $0.046 | DailyAccrualFund |
| Sep 01, 2020 | $0.047 | DailyAccrualFund |
| Aug 03, 2020 | $0.048 | DailyAccrualFund |
| Jul 01, 2020 | $0.049 | DailyAccrualFund |
| Jun 01, 2020 | $0.049 | DailyAccrualFund |
| May 01, 2020 | $0.049 | DailyAccrualFund |
| Apr 01, 2020 | $0.055 | DailyAccrualFund |
| Mar 02, 2020 | $0.050 | DailyAccrualFund |
| Feb 03, 2020 | $0.053 | DailyAccrualFund |
| Jan 02, 2020 | $0.058 | DailyAccrualFund |
| Dec 02, 2019 | $0.054 | DailyAccrualFund |
| Nov 01, 2019 | $0.056 | DailyAccrualFund |
| Oct 01, 2019 | $0.055 | DailyAccrualFund |
| Sep 03, 2019 | $0.055 | DailyAccrualFund |
| Aug 01, 2019 | $0.056 | DailyAccrualFund |
| Jul 01, 2019 | $0.054 | OrdinaryDividend |
| Jun 03, 2019 | $0.055 | DailyAccrualFund |
| May 01, 2019 | $0.053 | DailyAccrualFund |
| Apr 01, 2019 | $0.056 | DailyAccrualFund |
| Mar 01, 2019 | $0.052 | DailyAccrualFund |
| Feb 01, 2019 | $0.056 | DailyAccrualFund |
| Jan 02, 2019 | $0.060 | DailyAccrualFund |
| Dec 03, 2018 | $0.055 | DailyAccrualFund |
| Nov 01, 2018 | $0.053 | DailyAccrualFund |
| Sep 04, 2018 | $0.055 | DailyAccrualFund |
| Aug 01, 2018 | $0.053 | DailyAccrualFund |
| Jul 02, 2018 | $0.051 | DailyAccrualFund |
| Jun 01, 2018 | $0.060 | DailyAccrualFund |
| May 01, 2018 | $0.052 | DailyAccrualFund |
| Apr 02, 2018 | $0.054 | DailyAccrualFund |
| Mar 01, 2018 | $0.047 | DailyAccrualFund |
| Feb 01, 2018 | $0.052 | DailyAccrualFund |
| Jan 02, 2018 | $0.053 | DailyAccrualFund |
| Dec 01, 2017 | $0.053 | DailyAccrualFund |
| Nov 01, 2017 | $0.049 | DailyAccrualFund |
| Oct 02, 2017 | $0.050 | DailyAccrualFund |
| Sep 01, 2017 | $0.052 | DailyAccrualFund |
| Aug 01, 2017 | $0.052 | DailyAccrualFund |
| Jul 03, 2017 | $0.048 | DailyAccrualFund |
| Jun 01, 2017 | $0.052 | DailyAccrualFund |
| May 01, 2017 | $0.050 | DailyAccrualFund |
| Apr 03, 2017 | $0.051 | DailyAccrualFund |
| Mar 01, 2017 | $0.043 | DailyAccrualFund |
HIGFX - Fund Manager Analysis
Managers
David Daigle
Start Date
Tenure
Tenure Rank
Dec 01, 2003
18.51
18.5%
David A. Daigle is a fixed income portfolio manager at Capital Group. He has 27 years of investment experience, all with Capital Group. Earlier in his career at Capital, David also had investment analyst responsibilities and covered multiple industries including health care, wireless communications, technology, and transportation. He holds an MBA with honors 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
7.5
7.5%
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
7.0
7.0%
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
5.5
5.5%
Shannon Ward is a fixed income portfolio manager at Capital Group. She also serves on the Target Date Solutions Committee. She has 29 years of investment industry experience and has been with Capital Group for five 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 |
|---|---|---|---|
| 0.13 | 37.79 | 7.13 | 8.17 |