American Funds American High-Income A Fund (AHITX – Free Report) seeks high level of current income, with capital appreciation as a secondary goal. AHITX invests at least 65% of the portfolio in high-yield, high-risk bonds and other similar securities, including preferred stocks. AHITX may invest up to 25% of assets in common stocks or equity-related securities. AHITX also invests in intermediate to long-term securities. A team of three portfolio counselors manages AHITX, who are David C. Barclay, Abner D. Goldstine and Susan M. Tolson.
This High Yield Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.1% and 5 year 5.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AHITX’s performance, as of the last filing, when compared to funds in its category was in the top 12% over the past 1 year. Further, as of the last filing, Fed Home Loan Bank, Kinetic Concepts Inc and Ngpl Pipeco LLC were the top holdings for AHITX.
This Zacks Rank #2 (Buy) was incepted in February 1988 and is managed by American Funds. AHITX carries an expense ratio of 0.71% and requires a minimal initial investment of $250.
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