AHYMX: Aberdeen High Yield Mgd Dur Muncpl Instl

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AHYMX Aberdeen High Yield Mgd Dur Muncpl Instl


Profile

AHYMX - Profile

Vitals

  • YTD Return -3.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $237 M
  • Holdings in Top 10 21.7%

52 WEEK LOW AND HIGH

$9.88
$9.60
$10.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 104.52%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.19%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Aberdeen Short Duration High Yield Municipal Fund
  • Fund Family Name
    Aberdeen
  • Inception Date
    May 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Taylor

Fund Description

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.


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Categories

Performance

AHYMX - Performance

Return Ranking - Trailing

Period AHYMX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -14.2% 0.5% 6.74%
1 Yr -3.0% -14.0% 5.3% 6.42%
3 Yr N/A* -3.2% 1.8% 40.70%
5 Yr N/A* -2.3% 1.6% 29.93%
10 Yr N/A* -1.4% 1.7% N/A

* Annualized

Return Ranking - Calendar

Period AHYMX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -0.7% 9.1% 95.72%
2018 N/A -4.8% 9.2% N/A
2017 N/A -9.7% 8.6% N/A
2016 N/A -6.1% -0.8% N/A
2015 N/A -5.6% 2.9% N/A

Total Return Ranking - Trailing

Period AHYMX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -14.2% 0.5% 6.74%
1 Yr -3.0% -14.0% 5.3% 6.42%
3 Yr N/A* -3.2% 1.8% 44.19%
5 Yr N/A* -2.3% 2.2% 32.65%
10 Yr N/A* -1.4% 4.2% N/A

* Annualized

Total Return Ranking - Calendar

Period AHYMX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -0.7% 9.1% 95.72%
2018 N/A -4.8% 9.2% N/A
2017 N/A -9.7% 8.8% N/A
2016 N/A -6.1% 1.0% N/A
2015 N/A -5.6% 5.3% N/A

NAV & Total Return History


Holdings

AHYMX - Holdings

Concentration Analysis

AHYMX Category Low Category High AHYMX % Rank
Net Assets 237 M 366 K 17.9 B 79.59%
Number of Holdings 286 6 3645 77.32%
Net Assets in Top 10 53.8 M -38.7 M 2.51 B 67.01%
Weighting of Top 10 21.66% 4.2% 98.8% 14.43%

Top 10 Holdings

  1. MARYLAND INDL DEV FING AUTH PORT FACS REV 15% 4.91%
  2. MADISON CNTY N Y CAP RESOURCE CORP REV 5.5% 2.56%
  3. MISSISSIPPI BUSINESS FIN CORP MISS REV 6.43% 2.02%
  4. MULTI-PASS THRU CUSTODIAL RCPT VAR STS 6.47% 2.00%
  5. DE KALB CNTY GA HSG AUTH MULTIFAMILY HSG REV 6.47% 1.99%
  6. MONROE CNTY GA DEV AUTH REV 1.35% 1.81%
  7. BROWARD CNTY FLA INDL DEV REV 1.35% 1.81%
  8. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.25% 1.67%
  9. PUBLIC FIN AUTH WIS HOSP REV 6% 1.64%
  10. PENNSYLVANIA ECONOMIC DEV FIN AUTH EXEMPT FAC REV 5% 1.26%

Asset Allocation

Weighting Return Low Return High AHYMX % Rank
Bonds
97.98% 81.55% 148.07% 45.88%
Cash
2.03% -1.98% 17.48% 48.45%
Stocks
0.00% 0.00% 3.60% 58.25%
Preferred Stocks
0.00% -48.07% 0.00% 55.15%
Other
0.00% -0.68% 1.30% 62.37%
Convertible Bonds
0.00% 0.00% 0.00% 55.67%

Bond Sector Breakdown

Weighting Return Low Return High AHYMX % Rank
Municipal
97.97% 83.27% 100.00% 43.30%
Cash & Equivalents
2.03% 0.00% 16.36% 52.58%
Derivative
0.00% 0.00% 0.26% 58.76%
Securitized
0.00% 0.00% 0.00% 55.67%
Corporate
0.00% 0.00% 5.11% 67.53%
Government
0.00% -2.36% 1.20% 61.34%

Bond Geographic Breakdown

Weighting Return Low Return High AHYMX % Rank
US
90.95% 74.35% 141.91% 54.64%
Non US
7.03% 0.00% 14.58% 33.51%

Expenses

AHYMX - Expenses

Operational Fees

AHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.21% 2.78% 46.35%
Management Fee 0.65% 0.00% 1.25% 90.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

AHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 100.00%

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.

AHYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 104.52% 5.10% 125.00% 96.89%

Distributions

AHYMX - Distributions

Dividend Yield Analysis

AHYMX Category Low Category High AHYMX % Rank
Dividend Yield 0.54% 0.00% 1.22% 25.89%

Dividend Distribution Analysis

AHYMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AHYMX Category Low Category High AHYMX % Rank
Net Income Ratio 3.19% 1.99% 5.67% 77.60%

Capital Gain Distribution Analysis

AHYMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AHYMX - Fund Manager Analysis

Managers

Mark Taylor


Start Date

Tenure

Tenure Rank

May 31, 2013

6.92

6.9%

Mr. Taylor is an Investment Director and Senior Portfolio manager on the US Fixed Income Team responsible for the management of the Tax-Exempt Municipal portfolios. Mr. Taylor joined Aberdeen Standard Investments in 2018 following the acquisition of the municipal strategies from Alpine Woods Capital, LLC. From 2012 to 2018, Mr. Taylor was employed by Alpine as its Head of Municipal Research as well as a portfolio manager. Prior to joining Alpine, Mr. Taylor worked at Barclays Capital as a Vice President in the Global Financial Risk Management group. During the first six years of his career, Mr. Taylor worked at Moody’s Investors Service as a Municipal Credit Analyst. Mr. Taylor has a Bachelor’s degree from Northeastern University.

Jonathan Mondillo


Start Date

Tenure

Tenure Rank

May 31, 2013

6.92

6.9%

Mr. Mondillo, Head of Municipals, is a Senior Portfolio manager on the US Fixed Income Team responsible for the management of the Tax-Exempt Municipal portfolios. He joined Aberdeen Standard Investments in 2018 following the acquisition of the municipal strategies from Alpine Woods Capital Investors, LLC. From 2008 to 2018, Mr. Mondillo was employed by Alpine as its Head of Fixed Income Trading as well as a portfolio manager. Prior to joining Alpine, Mr. Mondillo worked as an analyst within Fidelity Capital Markets’ Fixed Income Trading Group. Mr. Mondillo has a Bachelor’s degree from Bentley University.

Lesya Paisley


Start Date

Tenure

Tenure Rank

Mar 07, 2018

2.15

2.2%

Ms. Paisley, CFA, is an Investment Director and Senior Portfolio manager on the North American Fixed Income team. Ms. Paisley is the sector portfolio manager in the taxable municipal market in addition to portfolio management responsibilities in the corporate market. Additionally, Lesya has over ten years of experience in credit research covering a variety of municipal and corporate sectors. Lesya joined Aberdeen via the acquisition of Deutsche Asset Management’s London and Philadelphia fixed income businesses in 2005. She had been with DeAM from September 2003. Lesya graduated with a BS from the University of Virginia, McIntire School of Commerce and is a CFA charter-holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.35 6.98 0.44