American High-Income Trust®
American High-Income Trust may be appropriate for:
- Investors looking for a sensible way to invest in the high-yield bond market
- Individuals and organizations that want an opportunity to increase their investment income and are willing to take equity-type risk
- Growth-oriented investors seeking to diversity their holdings into income-producing investments
The fund's primary investment objective is to provide a high level of current income. Its secondary investment objective is capital appreciation.
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest and most respected investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
- Began operations: 2/19/88
- Expense ratio:* 0.68%
- Investment expenses paid annually: $6.80 for a $1,000 balance
- Ticker symbol: AHITX
*Fund expenses are as of each fund’s prospectus. Please see the fund’s most recent prospectus for details.
You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
The fund seeks to invest primarily in a broad range of lower quality, higher yielding debt securities that also provide an opportunity to increase in value. At least 65% of the portfolio will be invested in high-yield, high-risk bonds (Ba or BB or below at time of purchase, or unrated but determined by the fund’s investment adviser to be of equivalent quality) and other similar securities, including preferred stocks. Up to 25% may be invested in common stocks or equity-related securities. Additionally, up to 25% of assets may be invested in securities based outside the U.S.
Where the fund was invested
(as of 12/31/18; percentage of net assets; holdings are subject to change)
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (The percentages are shown at net asset value, updated annually as of 12/31. If the results reflected deduction of the maximum sales charge of 3.75%, they would have been lower.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Average annual total returns through 12/31/18
|Latest10 years||Latest5 years||Latest3 years||Latestyear|
|At net asset value||9.17%||2.54%||6.80%||-1.84%|
|At maximum offering price
(Class A shares, with 3.75% maximum sales charge)
Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.