American High-Income Municipal Bond F3
HIMFX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- <x American High-Income Municipal Bond Fund Class F-3 (HIMFX) is an open-end mutual fund managed by Capital Research and Management Company that seeks a high level of current income exempt from regular federal income tax by investing primarily in high-yield municipal bonds. The fund holds a diversified portfolio comprising approximately 1,365 issuers, with over 80% of assets in securities exempt from regular federal income tax, including at least 50% in debt rated BBB+ or below or equivalent; key holdings include Puerto Rico Commonwealth bonds, Arkansas St Dev Fin Auth Indl Dev Rev bonds, and Florida Dev Fin Corp Solid Waste Disp Rev bonds, alongside allocations to revenue bonds (88.5%), general obligation bonds (3.7%), and minor positions in corporate bonds, notes, loans, and mortgage-backed obligations. It operates within the high yield municipal bond segment, targeting U.S. investors with a focus on tax-exempt income, and maintains geographic exposure predominantly to U.S. municipal issuers. The Class F-3 share class, launched on January 27, 2017, requires a minimum initial investment of $1,000,000 and features a net expense ratio of 0.31%, with monthly dividend distributions; as of September 30, 2025, fund assets exceed $12.7 billion, share class assets total $3.86 billion, effective duration stands at 7.4 years, average yield to maturity at 5.1%, and portfolio turnover at 28% for fiscal year 2025. Headquartered in Los Angeles, California, the fund originates from the broader American High-Income Municipal Bond Fund series, which traces inception to September 26, 1994. Portfolio management features long-tenured professionals Chad Rach (since October 1, 2011), Jerome Solomon (since October 1, 2017), and Lee Chu (since October 1, 2025), emphasizing high current income with potential exposure to federal alternative minimum tax. In recent developments, Lee Chu joined the management team effective October 1, 2025, bolstering the fund's oversight amid ongoing monthly dividend payments totaling $0.5427 year-to-date through October 2025. The fund remains available for sale in the United States, with no reported acquisitions, partnerships, or major strategic shifts in the last 1-2 years.