Glenmede High Yield Municipal Portfolio (GHYMX)
The fund will invest at least 80% of the value of its net assets (including borrowings for investment purposes) in, or derive at least 80% of its income from, municipal securities that pay interest that is exempt from regular Federal income tax, but may, in certain instances, subject the investors to Federal alternative minimum tax.
Fund Info
| ISIN | US3786906301 |
|---|---|
| Issuer | Glenmede |
| Inception Date | Dec 21, 2015 |
| Category | High Yield Muni |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The Glenmede High Yield Municipal Portfolio has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Glenmede High Yield Municipal Portfolio, 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
Glenmede High Yield Municipal Portfolio had a return of -0.41% year-to-date (YTD) and 3.42% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.41% | 5.84% |
| 1 month | -1.66% | -2.98% |
| 6 months | 9.92% | 22.02% |
| 1 year | 3.42% | 24.47% |
| 5 years (annualized) | 0.97% | 11.44% |
| 10 years (annualized) | N/A | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.42% | 0.45% | 0.50% | |||||||||
| 2023 | -3.00% | -1.90% | 6.66% | 3.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Glenmede High Yield Municipal Portfolio(GHYMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Glenmede High Yield Municipal Portfolio (GHYMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Glenmede High Yield Municipal Portfolio granted a 4.18% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.37 | $0.32 | $0.34 | $0.30 | $0.31 | $0.30 | $0.29 | $0.27 |
Dividend yield | 4.18% | 3.92% | 3.49% | 3.08% | 2.74% | 2.85% | 2.93% | 2.81% | 2.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Glenmede High Yield Municipal Portfolio. 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 | $0.00 | $0.04 | $0.03 | |||||||||
| 2023 | $0.00 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 |
| 2022 | $0.00 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 |
| 2021 | $0.00 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 |
| 2020 | $0.00 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.05 |
| 2019 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.05 |
| 2018 | $0.00 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 |
| 2017 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.05 |
| 2016 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.09 |
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 Glenmede High Yield Municipal Portfolio. 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 Glenmede High Yield Municipal Portfolio was 17.90%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Glenmede High Yield Municipal Portfolio drawdown is 8.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.9% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.26% | Mar 3, 2020 | 14 | Mar 20, 2020 | 185 | Dec 11, 2020 | 199 |
| -7.18% | Sep 9, 2016 | 59 | Dec 1, 2016 | 172 | Aug 9, 2017 | 231 |
| -1.71% | Feb 16, 2021 | 8 | Feb 25, 2021 | 47 | May 4, 2021 | 55 |
| -1.65% | Sep 5, 2018 | 43 | Nov 2, 2018 | 39 | Jan 2, 2019 | 82 |
Volatility
Volatility Chart
The current Glenmede High Yield Municipal Portfolio volatility is 0.93%, 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.