American High Income Municipal Fund Quote

AMHIX Fund  USD 14.93  0.01  0.07%   


0 of 100

Very Weak

Odds Of Distress

Less than 22

American High is trading at 14.93 as of the 29th of May 2024; that is -0.07% down since the beginning of the trading day. The fund's open price was 14.94. American High has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for American High Income Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of April 2024 and ending today, the 29th of May 2024. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities that are exempt from regular federal income tax and may subject the investors to alternative minimum tax. More on American High Income Municipal

Moving together with American Mutual Fund

  0.72AMECX Income FundPairCorr
  0.69RNEBX New World FundPairCorr
  0.74AMFCX American MutualPairCorr
  0.73AMFFX American MutualPairCorr
  0.78RNCCX American Funds IncomePairCorr
  0.85FPPPX American Funds PresePairCorr
  0.69AMEFX Income FundPairCorr

American Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. American High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding American High or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationAmerican Funds, Large Funds, High Yield Muni Funds, High Yield Muni, American Funds (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date1st of October 2022
Fiscal Year EndJuly
American High Income Municipal [AMHIX] is traded in USA and was established 29th of May 2024. American High is listed under American Funds category by Fama And French industry classification. The fund is listed under High Yield Muni category and is part of American Funds family. This fund presently has accumulated 9.7 B in assets under management (AUM) with no minimum investment requirementsAmerican High Income is currently producing year-to-date (YTD) return of 1.38% with the current yeild of 0.01%, while the total return for the last 3 years was -0.62%.
Check American High Probability Of Bankruptcy

Instrument Allocation

American High Income Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. American High market risk premium is the additional return an investor will receive from holding American High long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in American High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although American High's alpha and beta are two of the key measurements used to evaluate American High's performance over the market, the standard measures of volatility play an important role as well.

American High Against Markets

Picking the right benchmark for American High mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in American High mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for American High is critical whether you are bullish or bearish towards American High Income Municipal at a given time. Please also check how American High's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in American High without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy American Mutual Fund?

Before investing in American High, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in American High. To buy American High fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of American High. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase American High fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located American High Income Municipal fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased American High Income Municipal fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as American High Income Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in American High Income Municipal?

The danger of trading American High Income Municipal is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of American High is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than American High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile American High Income is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American High Income Municipal. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Please note, there is a significant difference between American High's value and its price as these two are different measures arrived at by different means. Investors typically determine if American High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.