American Fds, American Income Municipal Bond Fund Class F-1 Shs
ABHFX
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USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 S Hope St - 55th Fl (micg) Los Angeles CA United States of America 90071
- IPO Date
- Mar 15, 2001
- CIK
- 0000925950
- Website
- capitalgroup.com
- Similar Companies
- Business
- American High-Income Municipal Bond Fund Class F-1 (ABHFX) is a mutual fund managed by Capital Group Companies, Inc. (American Funds) that seeks a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund normally invests at least 80% of its assets in debt securities, including at least 50% in municipal bonds rated BBB+ or Baa1 or below (or unrated securities of comparable quality); its portfolio primarily comprises revenue bonds (88.5%), general obligation bonds (3.7%), corporate bonds/notes/loans (0.3%), and mortgage-backed obligations (0.1%), with 93.1% in U.S. bonds as of September 30, 2025. It pays monthly regular dividends, targets the high yield municipal debt category, maintains an effective duration of 7 years, an average yield to maturity of 5%, and an average coupon of 4.6%, with assets under management of $13.1 billion, over 1,371 issuers, and 3,362 shareholder accounts as of October 31, 2025. Launched on September 26, 1994, the fund is headquartered in Los Angeles, California, and primarily serves individual and institutional investors seeking tax-exempt income from U.S. municipal securities. Portfolio managers include Chad Rach (13 years on fund), Jerry Solomon (8 years), and Lee Chu, with the fund exhibiting average Morningstar risk, a 28% portfolio turnover rate in fiscal year 2025 (ending July), and an expense ratio of 0.68%. Recent changes encompass a portfolio manager transition, with muni manager Courtney Wolf departing the fund on October 1, 2025. Capital Group, the fund's manager, has pursued major strategic expansions, including a deepened partnership with KKR announced December 3, 2025, to launch integrated retirement and wealth solutions via public-private funds such as Capital Group KKR Core Plus+, Capital Group KKR Multi-Sector+, and an upcoming U.S. Equity+ fund (filed for early 2026), alongside collaborations like SEI Strategies model portfolios.