American High-Income Trust - F-1 | American Funds

Select your location

Who are you ?

Select another location

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Who are you ?

Select another location

Who are you ?

RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

BOND FUNDS

®

Share Class
Purchase Information: Class F-1 shares are primarily available through certain financial services platforms that support self-directed investors. See the prospectus for details.

Summary

Internal Prompt
A well-researched approach to high-yield investing. Invests in a diversified portfolio of lower rated, higher yielding bonds with a focus on income and the potential for capital appreciation. The high-yield investment team benefits from the extensive research capabilities of Capital’s equity and macroeconomic analysts.
Price at NAV $9.37 as of 2/03/2023 (updated daily)
Fund Assets (millions) $16,601.1
Portfolio Managers
4
Expense Ratio
0.70%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities3.6%
Non-U.S. Equities0.1%
U.S. Bonds74.3%
Non-U.S. Bonds14.5%
Cash & Equivalents
7.5%
U.S. Equities3.6%
Non-U.S. Equities0.1%
U.S. Bonds74.3%
Non-U.S. Bonds14.5%
Cash & Equivalents
7.5%
As of 12/31/2022 (updated monthly)

Growth of 10K

High & Low Prices

Fund Statistics

3.6 years
Effective Duration
8.4%
Average Yield
to Worst
5.3%
Average Coupon
% of net assets as of 12/31/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

Low Quality
Limited Interest-Rate Sensitivity
Morningstar data as } of 12/31/22 (updated quarterly)

Description

Fund Objective
The fund's primary investment objective is to provide you with a high level of current income. Its secondary investment objective is capital appreciation.
Distinguishing Characteristics
The strategy invests in a diversified portfolio of lower rated, higher yielding bonds with a focus on income and the potential for capital appreciation. A dedicated team of analysts, traders and portfolio managers collaborate to achieve a comprehensive understanding of a company’s financial position and capital structure via fundamental bottom-up analysis. The high-yield investment team benefits from the extensive research capabilities across Capital’s equity and macroeconomic analysts.
Types of Investments
At least 80% of the portfolio will be invested in high-yield, lower rated bonds (BB+/Ba1 or below at the time of purchase) and other similar securities.
Holdings Outside the U.S.
A portion of the portfolio's assets may be invested in securities of issuers outside the U.S., which may be denominated in currencies other than the U.S. dollar.
Maturity
Typically, the fund will be invested in intermediate- to long-term securities.

Fund Facts

Fund Inception 2/19/1988
Fund Assets (millions)
As of 12/31/2022
$16,601.1
Companies/Issuers
Holdings are as of 12/31/2022 (updated quarterly).
452+
Shareholder Accounts
Shareholder accounts are as of 12/31/2022
21,911
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2022) 40%
Fiscal Year-End Sep
Prospectus Date 12/01/2022
CUSIP 026547 40 6
Fund Number 421

Returns

Internal Prompt

Month-End Returns as of 12/31/22

AHTFX
Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index

Quarter-End Returns as of 12/31/22

Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
AHTFX
Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index
Other AF Funds
Standard Deviation as of 01/31/2023 (updated monthly) . Annualized return as of 12/31/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 5.51% 7.17%
Fund at MOP N/A N/A
As of 12/31/2022 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Tom Chow 8 8 34
David A. Daigle 19 28
Tara L. Torrens 7 19
Shannon Ward 6 6 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(626)
3-yr. Morningstar RatingTM
(626 funds rated)
5-yr. Morningstar RatingTM
(582 funds rated)
10-yr. Morningstar RatingTM
(414 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category High Yield Bond
Ratings are based on risk-adjusted returns as of 1/31/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
7.36
Sharpe Ratio
0.42
For the 10 Years ending 1/31/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index
Bloomberg US Agg Bond TR USD
R-squared 97 15
Beta 0.98 0.68
Capture Ratio (Downside/Upside) 99/95 61/107
American Funds Benchmark for the 10 Years ending 12/31/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 1/31/23 (updated monthly).
U.S. Treasuries/Agencies
0.1%
A
0.1%
BBB/Baa
5.1%
BB/Ba
39.3%
B
29.9%
CCC & Below
12.6%
Other
3.9%
Unrated
3.1%
Cash & equivalents
6.0%
% of net assets as of 12/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
41.9%
5-9.9 Years
44.6%
10-19.9 Years
1.5%
20-29.9 Years
0.8%
30+ Years
0.0%
% of net assets as of 12/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Convertible securities 0.4%
Mortgage-backed obligations 0.1%
Other 0.1%

% of net assets as of 12/31/2022 (updated quarterly)

Top Fixed-Income Issuers

Teva Pharmaceutical
2.0%
Bausch Health Companies
1.7%
First Quantum Minerals
1.7%
Charter Communications
1.7%
One Rock Capital Partners LLC
1.4%

% of net assets as of 12/31/2022 (updated quarterly)

Geographic Breakdown

United States
77.9%
Europe
6.6%
Asia & Pacific Basin
1.2%
Other (Including Canada & Latin America)
6.7%
Cash & equivalents
7.5%
% of net assets as of 12/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 02/03/23

2023
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/23 02/01/23 $0.0467006 $0.00 $0.00 $0.00 $9.30
2023 Year-to-Date: Dividends Subtotal: $0.04670055 Cap Gains Subtotal: $0.00
Total Distributions: $0.04670055

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.26%
Other Expenses 0.19%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

AHTFX 0.70%
Lipper High Yield Funds Average
0.91%
Fund as of most recent prospectus. Lipper Category as of 12/31/22 (updated quarterly).

Resources