American High-Income Municipal Bond F3 (HIMFX) Fund Overview
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Beta 1.03: the stock has moved about 3% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerAmerican High-Income Municipal Bond F3 (HIMFX) trades at $14.49. American High-Income Municipal Bond F3 (HIMFX) is a financial services company specializing in asset management. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for HIMFX: HIMFX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
American High-Income Municipal Bond F3 (HIMFX) Financial Services Profile
American High-Income Municipal Bond F3 (HIMFX) manages a high-yield municipal bond fund, primarily investing in securities exempt from federal income tax. The fund targets debt securities rated BBB+ or below, offering investors exposure to the municipal bond market with a focus on higher-yielding, potentially higher-risk assets within the financial services sector.
What Is the Investment Thesis for HIMFX?
HIMFX presents an investment opportunity within the high-yield municipal bond market. With a market capitalization of $14.37 billion and a beta of 1.03, the fund offers exposure to a specific segment of the fixed-income market. The fund's strategy of investing in lower-rated municipal bonds (BBB+ or below) aims to generate higher yields, which can be attractive in a low-interest-rate environment. However, this strategy also entails higher credit risk. Key value drivers include the fund's ability to effectively manage credit risk and generate consistent income for investors. Growth catalysts include potential shifts in tax policy that could increase the attractiveness of tax-exempt municipal bonds. Potential risks include economic downturns that could lead to increased defaults in the lower-rated municipal bond market.
Based on FMP financials and quantitative analysis
HIMFX Key Highlights
Market capitalization of $14.37 billion, indicating a substantial presence in the asset management sector.
- Beta of 1.03, suggesting a market risk level slightly higher than the overall market.
- Focus on municipal bonds rated BBB+ or below, targeting higher yields but also higher credit risk.
- Investment strategy emphasizes securities exempt from regular federal income tax, offering potential tax advantages to investors.
- The fund invests at least 50% of its portfolio in debt securities rated BBB+ or below or Baa1 or below, or unrated but determined by the fund's investment adviser to be of equivalent quality.
Who Are HIMFX's Competitors?
HIMFX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CBTAX Six Circles Tax Aware Bond | $9.29 | 0.00% | $17.4B | — |
| DFAPX DFA Investment Grade I | $9.65 | -0.21% | $12.3B | — |
| DFEVX DFA Emerging Markets Value Portfolio | $45.30 | +1.07% | $15.1B | — |
| DFFVX DFA U.S. Targeted Value Portfolio | $42.17 | +0.96% | $15.6B | — |
| DFISX DFA International Small Company Portfolio | $27.54 | +0.73% | $15.6B | — |
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | 51 5-pillar |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 56 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HIMFX's Key Strengths?
Focus on tax-exempt municipal bonds.
- Potential for higher yields compared to investment-grade bonds.
- Experienced investment management team.
- Established presence in the asset management industry.
What Are HIMFX's Weaknesses?
Higher credit risk associated with lower-rated bonds.
- Sensitivity to interest rate changes.
- Potential for alternative minimum tax (AMT) implications for investors.
- Dependence on the expertise of the investment adviser.
What Are the Key Risks for HIMFX?
Economic downturns leading to increased defaults in the lower-rated municipal bond market.
- Changes in tax laws reducing the tax advantages of municipal bonds.
- Interest rate increases negatively impacting bond values.
- Credit rating downgrades of municipal bond issuers.
- Regulatory changes impacting the municipal bond market.
What Are HIMFX's Competitive Advantages?
- Expertise in municipal bond investing.
- Established track record in managing high-yield municipal bond portfolios.
- Access to a network of municipal bond issuers and market participants.
What Does HIMFX Do?
American High-Income Municipal Bond F3 (HIMFX) operates within the asset management industry, focusing on providing investors with access to the municipal bond market. The fund's core strategy revolves around investing at least 80% of its assets in securities that are exempt from regular federal income tax. These securities may, however, subject investors to the alternative minimum tax. HIMFX's investment approach includes allocating at least 50% of its portfolio to debt securities rated BBB+ or below, or Baa1 or below, or unrated securities deemed of equivalent quality by the fund's investment adviser. This focus on lower-rated or unrated municipal bonds allows the fund to pursue higher yields compared to investment-grade municipal bond funds. The fund's investment policies allow it to invest without limitation in securities that may subject investors to the federal alternative minimum tax, providing flexibility in its investment strategy. HIMFX aims to deliver tax-advantaged income to its investors through strategic allocation within the municipal bond market, targeting a specific risk-return profile.
What Products and Services Does HIMFX Offer?
- Invests in securities exempt from regular federal income tax.
- Focuses on high-yield municipal bonds.
- Targets debt securities rated BBB+ or below or Baa1 or below.
- Manages a portfolio of municipal bonds to generate income for investors.
- Provides access to the municipal bond market for investors seeking tax-advantaged returns.
- Employs an investment adviser to select and manage the fund's investments.
How Does HIMFX Make Money?
- Generates revenue through management fees charged to investors.
- Earns income from the interest payments on the municipal bonds held in its portfolio.
- Aims to provide tax-advantaged income to investors by investing in tax-exempt securities.
What Industry Does HIMFX Operate In?
HIMFX operates within the asset management industry, specifically focusing on municipal bond funds. The municipal bond market is influenced by factors such as interest rates, tax policies, and the creditworthiness of municipal issuers. The competitive landscape includes other municipal bond funds with varying investment strategies and risk profiles. HIMFX differentiates itself by focusing on high-yield municipal bonds, which can offer higher returns but also carry greater risk. The overall asset management industry is experiencing growth driven by increasing demand for investment products and services, but also faces challenges such as regulatory changes and fee pressures.
Who Are HIMFX's Key Customers?
- Individual investors seeking tax-advantaged income.
- Institutional investors looking for exposure to the municipal bond market.
- Financial advisors recommending investment products to their clients.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
HIMFX Financials
Bull Case vs Bear Case
Bull Case
- Focus on tax-exempt municipal bonds.
- Potential for higher yields compared to investment-grade bonds.
- Experienced investment management team.
- Established presence in the asset management industry.
Bear Case
- Higher credit risk associated with lower-rated bonds.
- Sensitivity to interest rate changes.
- Potential for alternative minimum tax (AMT) implications for investors.
- Dependence on the expertise of the investment adviser.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
HIMFX Latest News
No recent news available for HIMFX.
HIMFX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for HIMFX.
Price Targets
Wall Street price target analysis for HIMFX.
HIMFX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for HIMFX; grades run from A+ (80-100) to F (below 30).
Common Questions About HIMFX (Financials)
What are the main risks for HIMFX?
The main risks for HIMFX are primarily related to credit risk and interest rate risk. As the fund invests in lower-rated municipal bonds (BBB+ or below), it is exposed to a higher risk of default compared to investment-grade bonds.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Information based on available business description and financial data.
- Future performance is subject to market conditions and investment risks.