ABHFX Fees and Costs — American High-Income Municipal Bond Fund, Class F-1
Data updated: 2026-10-14
The net expense ratio is 0.70%: a 0.28% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 32%.
ABHFX Fees and Expenses
Annual operating expenses and sales charges of ABHFX. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
ABHFX Costs Over Time
On $10,000 invested in ABHFX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
ABHFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.4B
- Portfolio turnover (prospectus): 32%
ABHFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $3.2B | 31.10% |
| JPMorgan Chase & Co. | $2.0B | 20.09% |
| Barclays PLC | $1.2B | 11.75% |
| Wells Fargo & Company | $1.1B | 10.84% |
| Morgan Stanley | $604.3M | 5.96% |
| Jefferies Financial Group Inc. | $548.6M | 5.41% |
| The Goldman Sachs Group, Inc. | $467.9M | 4.61% |
| Royal Bank of Canada | $442.8M | 4.36% |
| Piper Sandler Companies | $322.6M | 3.18% |
| FMSbonds, Inc. | $274.7M | 2.71% |
American High-Income Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HIMFX | Class F-3 | 0.33% | none |
| C000114834 | Class R-6 | 0.33% | none |
| AHMFX | Class F-2 | 0.44% | none |
| TAHHX | Class T | 0.62% | — |
| AMHIX | Class A | 0.67% | 3.75% |
| ABHFX | Class F-1 | 0.70% | none |
| AHICX | Class C | 1.37% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.