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
US0030223400
003022340
May 30, 2013
$1,000,000
Expense Ratio
AHYMX features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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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 4.07% year-to-date (YTD) and 4.73% in the last 12 months. Over the past 10 years, abrdn Short Duration High Yield Municipal Fund had an annualized return of 1.94%, while the S&P 500 had an annualized return of 11.01%, indicating that abrdn Short Duration High Yield Municipal Fund did not perform as well as the benchmark.
AHYMX
4.07%
-0.33%
1.95%
4.73%
0.68%
1.94%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of AHYMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.28% | -0.05% | 0.61% | -0.59% | 0.29% | 1.86% | 0.55% | 0.54% | 0.77% | -0.22% | 0.76% | 4.07% | |
| 2023 | 1.32% | -1.18% | 0.55% | 0.44% | -0.21% | 0.80% | 0.14% | -1.51% | -0.97% | -0.86% | 2.19% | 1.63% | 2.29% |
| 2022 | -1.86% | -0.69% | -2.40% | -1.94% | 0.53% | -1.65% | 1.85% | -1.64% | -2.33% | -0.63% | 2.01% | -0.21% | -8.71% |
| 2021 | 1.20% | -0.65% | 0.50% | 0.70% | 0.59% | 1.08% | 0.76% | -0.10% | -0.79% | -0.22% | 0.76% | 0.18% | 4.05% |
| 2020 | 1.02% | 0.63% | -4.35% | -0.80% | 1.62% | 0.89% | 1.24% | 0.03% | 0.03% | -0.18% | 1.12% | 0.92% | 2.05% |
| 2019 | 0.57% | 0.17% | 0.95% | 0.27% | 0.95% | 0.26% | 0.45% | 0.94% | -0.23% | 0.26% | 0.26% | 0.26% | 5.23% |
| 2018 | 0.00% | -0.09% | 0.09% | 0.29% | 0.66% | 0.37% | 0.37% | 0.27% | -0.20% | -0.61% | -0.03% | 0.38% | 1.51% |
| 2017 | 0.58% | 0.56% | 0.36% | 0.55% | 0.73% | 0.15% | 0.44% | 0.64% | 0.16% | -0.32% | 0.16% | 0.36% | 4.45% |
| 2016 | 0.65% | 0.27% | 0.78% | 0.68% | 0.29% | 0.87% | 0.38% | 0.37% | -0.03% | -0.42% | -1.89% | 0.15% | 2.10% |
| 2015 | 1.10% | -0.06% | 0.30% | 0.09% | 0.06% | -0.21% | 0.36% | 0.09% | 0.49% | 0.49% | -0.59% | 0.57% | 2.70% |
| 2014 | 0.80% | 0.81% | 0.60% | 0.91% | 1.21% | 0.32% | -0.35% | 1.01% | 0.81% | 0.72% | 0.19% | 0.33% | 7.60% |
| 2013 | -0.30% | 0.00% | -0.40% | 0.51% | 0.31% | 0.18% | 0.09% | 0.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 76, AHYMX is among the top 24% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 3.27% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.27 | $0.26 | $0.24 | $0.30 | $0.32 | $0.34 | $0.31 | $0.34 | $0.35 | $0.35 | $0.12 |
Dividend yield | 3.27% | 2.91% | 2.78% | 2.30% | 2.98% | 3.10% | 3.40% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.27 |
| 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 | $0.27 |
| 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 | $0.26 |
| 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 | $0.24 |
| 2020 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 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 | $0.34 |
| 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 | $0.31 |
| 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 | $0.34 |
| 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 | $0.35 |
| 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 | $0.35 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 2.99%.
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 |
| -1.21% | 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 0.50%, 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.