abrdn Short Duration High Yield Municipal Fund (AHYMX)
Under normal circumstances, the fund invests at least 80% of its net assets in municipal obligations that are exempt from federal income tax (including securities subject to the federal alternative minimum tax ("AMT")). It invests at least 50% of its assets in municipal bonds rated BBB or lower by S&P Global Ratings or Baa or lower by Moody's Investors Service, Inc., at the time of investment, or the equivalent by another independent rating agency or the unrated equivalent as determined by the Adviser.
Fund Info
| ISIN | US0030223400 |
|---|---|
| CUSIP | 003022340 |
| Issuer | Aberdeen |
| Inception Date | May 30, 2013 |
| Category | High Yield Muni |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The abrdn Short Duration High Yield Municipal Fund has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in abrdn Short Duration High Yield Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
abrdn Short Duration High Yield Municipal Fund had a return of 0.17% year-to-date (YTD) and 1.44% in the last 12 months. Over the past 10 years, abrdn Short Duration High Yield Municipal Fund had an annualized return of 2.17%, while the S&P 500 had an annualized return of 10.55%, indicating that abrdn Short Duration High Yield Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.17% | 6.33% |
| 1 month | -0.49% | -2.81% |
| 6 months | 4.19% | 21.13% |
| 1 year | 1.44% | 24.56% |
| 5 years (annualized) | 0.97% | 11.55% |
| 10 years (annualized) | 2.17% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.27% | -0.05% | 0.61% | |||||||||
| 2023 | -0.97% | -0.87% | 2.19% | 1.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
abrdn Short Duration High Yield Municipal Fund(AHYMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for abrdn Short Duration High Yield Municipal Fund (AHYMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
abrdn Short Duration High Yield Municipal Fund granted a 3.08% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.27 | $0.26 | $0.24 | $0.30 | $0.52 | $0.34 | $0.31 | $0.34 | $0.35 | $0.35 | $0.12 |
Dividend yield | 3.08% | 2.91% | 2.79% | 2.31% | 2.97% | 5.09% | 3.41% | 3.07% | 3.32% | 3.46% | 3.42% | 1.19% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn Short Duration High Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.39 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the abrdn Short Duration High Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the abrdn Short Duration High Yield Municipal Fund was 10.90%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current abrdn Short Duration High Yield Municipal Fund drawdown is 6.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.9% | Aug 9, 2021 | 307 | Oct 25, 2022 | — | — | — |
| -7.43% | Mar 6, 2020 | 11 | Mar 20, 2020 | 191 | Dec 21, 2020 | 202 |
| -2.68% | Oct 4, 2016 | 42 | Dec 1, 2016 | 114 | May 17, 2017 | 156 |
| -1.2% | Sep 5, 2018 | 52 | Nov 15, 2018 | 50 | Jan 31, 2019 | 102 |
| -1.07% | Feb 17, 2021 | 7 | Feb 25, 2021 | 32 | Apr 13, 2021 | 39 |
Volatility
Volatility Chart
The current abrdn Short Duration High Yield Municipal Fund volatility is 0.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.