C000023907 Fees and Costs — American High-Income Trust, Class 3
Data updated: 2026-08-27
The net expense ratio is 0.55%: a 0.40% management fee, a 0.18% 12b-1 fee plus 0.05% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 39%.
C000023907 Fees and Expenses
Annual operating expenses and sales charges of C000023907. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.18% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000023907 Costs Over Time
On $10,000 invested in C000023907, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000023907 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $683.4M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
C000023907 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co | $2K | 89.63% |
| UBS AG | $96 | 3.93% |
| Liquidnet Holdings, Inc. | $73 | 2.99% |
| Bank of America, N.A. | $71 | 2.91% |
| ABG Sundal Collier ASA | $10 | 0.41% |
| Sanford Bernstein & Co. LLC | $3 | 0.12% |
C000023907 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $136.3M | 22.40% |
| J.P. Morgan Securities LLC | $103.6M | 17.03% |
| Morgan Stanley & Co. LLC | $87.7M | 14.41% |
| Citigroup Global Markets Inc. | $71.2M | 11.70% |
| Bank of America, N.A. | $68.5M | 11.26% |
| Barclays Bank PLC | $63.6M | 10.45% |
| RBC Capital Markets LLC | $25.8M | 4.24% |
| Wells Fargo Securities, LLC | $25.5M | 4.18% |
| Jefferies & Company Inc. | $15.7M | 2.58% |
| Deutsche Bank A.G. | $10.7M | 1.75% |
American High-Income Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000023905 | Class 1 | 0.37% | — |
| C000023907 | Class 3 | 0.55% | — |
| C000023906 | Class 2 | 0.62% | — |
| C000176235 | Class 1A | 0.62% | — |
| C000121503 | Class 4 | 0.87% | — |
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.