High Yield Municipal Portfolio
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
5.0%
3 Yr Avg Return
-2.6%
5 Yr Avg Return
0.4%
Net Assets
$127 M
Holdings in Top 10
9.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GHYMX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return -2.6%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.40%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHigh Yield Municipal Portfolio
-
Fund Family NameGLENMEDEFU
-
Inception DateDec 22, 2015
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChad Rach
Fund Description
GHYMX - Performance
Return Ranking - Trailing
Period | GHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -3.4% | 5.1% | 71.36% |
1 Yr | 5.0% | -3.5% | 9.3% | 51.94% |
3 Yr | -2.6%* | -9.7% | 1.7% | 85.57% |
5 Yr | 0.4%* | -4.9% | 524.5% | 74.48% |
10 Yr | N/A* | 0.0% | 155.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | GHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.6% | -1.5% | 7.5% | 61.65% |
2022 | -16.4% | -26.9% | -3.5% | 36.95% |
2021 | 1.5% | -1.9% | 5.6% | 68.50% |
2020 | 0.8% | -10.1% | 4.2% | 39.39% |
2019 | 5.9% | 2.0% | 9.1% | 30.73% |
Total Return Ranking - Trailing
Period | GHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -3.4% | 5.1% | 71.36% |
1 Yr | 5.0% | -3.5% | 9.3% | 51.94% |
3 Yr | -2.6%* | -9.7% | 1.7% | 85.57% |
5 Yr | 0.4%* | -4.9% | 524.5% | 74.48% |
10 Yr | N/A* | 0.0% | 155.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GHYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.8% | 0.4% | 10.9% | 52.91% |
2022 | -16.4% | -26.9% | -2.9% | 79.80% |
2021 | 4.6% | -1.9% | 10.0% | 68.50% |
2020 | 3.7% | -4.1% | 8.2% | 42.93% |
2019 | 8.7% | 3.5% | 1028633.9% | 48.96% |
NAV & Total Return History
GHYMX - Holdings
Concentration Analysis
GHYMX | Category Low | Category High | GHYMX % Rank | |
---|---|---|---|---|
Net Assets | 127 M | 9.79 K | 16.1 B | 89.71% |
Number of Holdings | 375 | 1 | 3076 | 53.69% |
Net Assets in Top 10 | 12.3 M | -102 M | 3.44 B | 94.58% |
Weighting of Top 10 | 9.66% | 4.7% | 100.7% | 89.60% |
Top 10 Holdings
- DIST OF COLUMBIA INCOME TAX SECURED REVENUE 1.90%
- HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE 1.00%
- CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE 0.93%
- WISCONSIN ST TRANSPRTN REVENUE 0.88%
- ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE 0.84%
- INDIANA FIN AUTH IN WSTWTR UTIL REVENUE 0.84%
- PUERTO RICO CMWLTH 0.82%
- NEW YORK ST URBAN DEV CORP REVENUE 0.82%
- NEW JERSEY ST ECON DEV AUTH REV 0.82%
- KING CNTY WA SCH DIST #411 ISSAQUAH 0.81%
Asset Allocation
Weighting | Return Low | Return High | GHYMX % Rank | |
---|---|---|---|---|
Bonds | 95.84% | 0.00% | 146.69% | 72.82% |
Cash | 3.40% | -0.64% | 100.00% | 25.62% |
Other | 0.76% | -12.04% | 9.96% | 7.88% |
Stocks | 0.00% | 0.00% | 99.38% | 69.42% |
Preferred Stocks | 0.00% | -47.61% | 1.64% | 58.62% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 58.62% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GHYMX % Rank | |
---|---|---|---|---|
Municipal | 99.38% | 0.00% | 100.00% | 27.59% |
Derivative | 0.76% | -12.35% | 1.55% | 4.43% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 80.30% |
Securitized | 0.00% | 0.00% | 0.20% | 61.08% |
Corporate | 0.00% | 0.00% | 2.55% | 77.83% |
Government | 0.00% | 0.00% | 0.09% | 62.07% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GHYMX % Rank | |
---|---|---|---|---|
US | 95.84% | 0.00% | 139.84% | 69.46% |
Non US | 0.00% | 0.00% | 13.35% | 64.53% |
GHYMX - Expenses
Operational Fees
GHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.89% | 0.21% | 3.44% | 54.46% |
Management Fee | 0.57% | 0.00% | 1.33% | 81.07% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.25% | 0.02% | 0.35% | 90.16% |
Sales Fees
GHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GHYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.00% | 2.00% | 121.00% | 50.00% |
GHYMX - Distributions
Dividend Yield Analysis
GHYMX | Category Low | Category High | GHYMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.37% | 0.00% | 6.13% | 25.73% |
Dividend Distribution Analysis
GHYMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GHYMX | Category Low | Category High | GHYMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.40% | 1.11% | 5.70% | 81.55% |
Capital Gain Distribution Analysis
GHYMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 01, 2024 | $0.027 | OrdinaryDividend |
Apr 03, 2024 | $0.032 | OrdinaryDividend |
Mar 06, 2024 | $0.028 | OrdinaryDividend |
Feb 07, 2024 | $0.042 | OrdinaryDividend |
Dec 15, 2023 | $0.033 | OrdinaryDividend |
Dec 06, 2023 | $0.048 | OrdinaryDividend |
Nov 01, 2023 | $0.029 | OrdinaryDividend |
Oct 04, 2023 | $0.031 | OrdinaryDividend |
Sep 06, 2023 | $0.034 | OrdinaryDividend |
Aug 02, 2023 | $0.030 | OrdinaryDividend |
Jul 05, 2023 | $0.028 | OrdinaryDividend |
Jun 07, 2023 | $0.031 | OrdinaryDividend |
May 03, 2023 | $0.026 | OrdinaryDividend |
Apr 05, 2023 | $0.035 | OrdinaryDividend |
Mar 01, 2023 | $0.022 | OrdinaryDividend |
Feb 01, 2023 | $0.026 | OrdinaryDividend |
Dec 14, 2021 | $0.021 | OrdinaryDividend |
Dec 14, 2021 | $0.034 | CapitalGainShortTerm |
Dec 14, 2021 | $0.051 | CapitalGainLongTerm |
Dec 01, 2021 | $0.018 | OrdinaryDividend |
Nov 03, 2021 | $0.024 | OrdinaryDividend |
Oct 06, 2021 | $0.020 | OrdinaryDividend |
Sep 01, 2021 | $0.018 | OrdinaryDividend |
Aug 04, 2021 | $0.021 | OrdinaryDividend |
Jul 07, 2021 | $0.022 | OrdinaryDividend |
Jun 02, 2021 | $0.021 | OrdinaryDividend |
May 05, 2021 | $0.022 | OrdinaryDividend |
Apr 07, 2021 | $0.021 | OrdinaryDividend |
Mar 03, 2021 | $0.023 | OrdinaryDividend |
Feb 03, 2021 | $0.025 | OrdinaryDividend |
Dec 15, 2020 | $0.025 | OrdinaryDividend |
Dec 02, 2020 | $0.025 | OrdinaryDividend |
Nov 04, 2020 | $0.024 | OrdinaryDividend |
Oct 07, 2020 | $0.026 | OrdinaryDividend |
Sep 02, 2020 | $0.023 | OrdinaryDividend |
Aug 05, 2020 | $0.027 | OrdinaryDividend |
Jul 01, 2020 | $0.021 | OrdinaryDividend |
Jun 03, 2020 | $0.025 | OrdinaryDividend |
May 06, 2020 | $0.031 | OrdinaryDividend |
Apr 01, 2020 | $0.023 | OrdinaryDividend |
Mar 04, 2020 | $0.025 | OrdinaryDividend |
Feb 05, 2020 | $0.025 | OrdinaryDividend |
Dec 04, 2019 | $0.025 | OrdinaryDividend |
Nov 06, 2019 | $0.026 | OrdinaryDividend |
Oct 02, 2019 | $0.023 | OrdinaryDividend |
Sep 04, 2019 | $0.025 | OrdinaryDividend |
Aug 07, 2019 | $0.024 | OrdinaryDividend |
Jul 03, 2019 | $0.025 | OrdinaryDividend |
Jun 05, 2019 | $0.029 | OrdinaryDividend |
May 01, 2019 | $0.025 | OrdinaryDividend |
Apr 03, 2019 | $0.029 | OrdinaryDividend |
Mar 06, 2019 | $0.026 | OrdinaryDividend |
Feb 06, 2019 | $0.027 | OrdinaryDividend |
Dec 14, 2018 | $0.026 | OrdinaryDividend |
Dec 06, 2018 | $0.026 | OrdinaryDividend |
Nov 07, 2018 | $0.026 | OrdinaryDividend |
Oct 03, 2018 | $0.025 | OrdinaryDividend |
Sep 05, 2018 | $0.025 | OrdinaryDividend |
Aug 01, 2018 | $0.026 | OrdinaryDividend |
Jul 05, 2018 | $0.022 | OrdinaryDividend |
Jun 06, 2018 | $0.024 | OrdinaryDividend |
May 02, 2018 | $0.021 | OrdinaryDividend |
Apr 04, 2018 | $0.028 | OrdinaryDividend |
Mar 07, 2018 | $0.025 | OrdinaryDividend |
Feb 07, 2018 | $0.026 | OrdinaryDividend |
Dec 13, 2017 | $0.025 | OrdinaryDividend |
Dec 06, 2017 | $0.024 | OrdinaryDividend |
Nov 01, 2017 | $0.027 | OrdinaryDividend |
Oct 04, 2017 | $0.023 | OrdinaryDividend |
Sep 06, 2017 | $0.028 | OrdinaryDividend |
Aug 02, 2017 | $0.025 | OrdinaryDividend |
Jul 05, 2017 | $0.025 | OrdinaryDividend |
Jun 07, 2017 | $0.023 | OrdinaryDividend |
May 03, 2017 | $0.024 | OrdinaryDividend |
Apr 05, 2017 | $0.026 | OrdinaryDividend |
Mar 01, 2017 | $0.020 | OrdinaryDividend |
Feb 01, 2017 | $0.023 | OrdinaryDividend |
Dec 14, 2016 | $0.041 | CapitalGainShortTerm |
Dec 14, 2016 | $0.024 | OrdinaryDividend |
Dec 07, 2016 | $0.023 | OrdinaryDividend |
Nov 02, 2016 | $0.021 | OrdinaryDividend |
Oct 05, 2016 | $0.022 | OrdinaryDividend |
Sep 07, 2016 | $0.020 | OrdinaryDividend |
Aug 03, 2016 | $0.022 | OrdinaryDividend |
Jul 06, 2016 | $0.024 | OrdinaryDividend |
Jun 01, 2016 | $0.018 | OrdinaryDividend |
May 04, 2016 | $0.018 | OrdinaryDividend |
Apr 06, 2016 | $0.016 | OrdinaryDividend |
Mar 02, 2016 | $0.016 | OrdinaryDividend |
Feb 03, 2016 | $0.009 | OrdinaryDividend |
GHYMX - Fund Manager Analysis
Managers
Chad Rach
Start Date
Tenure
Tenure Rank
Dec 22, 2015
6.44
6.4%
Primary title with Capital Research and Management Company, Senior Vice President and Capital Fixed Income Investors. Rach is a portfolio manager with Strong, where he started in March 2000 as a fixed income analyst. Prior to this, he was assistant vice president with both Robert W. Baird & Co. and Miller & Schroeder Financial. He also worked as Director of Community Development for the city of Glendale, WI.
Jerome Solomon
Start Date
Tenure
Tenure Rank
Oct 01, 2017
4.67
4.7%
Jerome H. Solomon, Partner — Capital Fixed Income Investors, a division of an affiliate of the Capital Guardian Trust Company . Mr. Solomon has been employed by Capital Guardian Trust Company and its affiliates since 2008.
Courtney Wolf
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Matthew Norton
Start Date
Tenure
Tenure Rank
May 09, 2022
0.06
0.1%
Matthew Norton is a Senior Vice President and Co-Head of Municipal Portfolio Management, responsible for overseeing municipal bond investing at AB. He is also a member of the Municipal Impact Investment Policy Group. Previously, Mr. Norton was a portfolio manager on the Municipal Bond team. He joined AB in 2005, focusing primarily on research in tax-exempt and taxable fixed-income markets. Prior to joining the firm, Mr. Norton worked as a statistical research analyst at St. Lawrence University, evaluating the accuracy of biometric devices. He holds a BS in economics and mathematics from St. Lawrence University and an MBA in economics and quantitative finance from the Leonard N. Stern School of Business at New York University. Location: New York
Terrance Hults
Start Date
Tenure
Tenure Rank
May 09, 2022
0.06
0.1%
Terrance T. Hults is a member of the Tax-Exempt Fixed-Income Investment Policy Group. Prior to joining the firm, he was an associate in the Municipal Derivative Products department at Merrill Lynch Capital Markets, where he specialized in securities arbitrage. These transactions involved issuers and investors, as well as proprietary trading and utilized futures, options, interest-rate swaps, and other over-the-counter derivative structures. Mr. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York
Andrew Potter
Start Date
Tenure
Tenure Rank
May 09, 2022
0.06
0.1%
Andrew Potter is a Vice President and Portfolio Manager on the Municipal Bond team, which oversees tax-exempt investing at AllianceBernstein. He joined the team in 2007 as an associate portfolio manager (APM), responsible for monitoring risk exposures and implementing investment strategy across the firm’s tax-aware fixed-income platform. In 2013, Mr. Potter took on additional responsibility as supervisor for the team’s APMs. He moved into his current role in 2015, shifting his focus toward developing portfolio strategy. Mr. Potter holds a BA in physics with a minor in economics from Colgate University. He is a CFA charterholder and a member of the CFA Society New York. Location: New York
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 21.43 | 7.5 | 2.52 |
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