ETF Evaluator:
American Beacon Aberdeen Mun Hi Inc ETF ()
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(as of Aug 19)
Best Performing in High Yield Muni Over the Last Year
| 10.8% | VanEck CEF Municipal Income ETF (XMPT) |
| 9.9% | Eaton Vance High Income Municipal ETF (EVYM) |
| 9.5% | Rockefeller Opportunistic Muncpl Bd ETF (RMOP) |
| 9.0% | Nomura National Hi-Yld Muncpl Bd ETF (HTAX) |
| 8.8% | Franklin Municipal High Yield ETF (FTMH) |
Risk
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Risk
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ETF Details
American Beacon Aberdeen Mun Hi Inc ETF Overview
American Beacon Aberdeen Mun Hi Inc ETF (AMHI) is an actively managed Municipal Bond High Yield Muni exchange-traded fund (ETF). American Beacon launched the ETF in 2026.
The investment seeks to provide a high level of current income that is not subject to federal income tax.
Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of tax-exempt municipal bonds.
About American Beacon Aberdeen Mun Hi Inc ETF (AMHI)
There are 2 members of the management team with an average tenure of 0.10 years: Jonathan Mondillo (2026) and Miguel Laranjeiro (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
American Beacon Aberdeen Mun Hi Inc ETF has 37 securities in its portfolio. The top 10 holdings constitute 42.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
American Beacon Aberdeen Mun Hi Inc ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. American Beacon Aberdeen Mun Hi Inc ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 104.3% (104.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Beacon Aberdeen Mun Hi Inc ETF has -4.3% of the portfolio in cash.
Assets Under Management
The fund has $19 million in total assets, which is below the $990 million average for the High Yield Muni category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AMHI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Beacon Aberdeen Mun Hi Inc ETF expense ratio is average compared to funds in the High Yield Muni category. American Beacon Aberdeen Mun Hi Inc ETF has an expense ratio of 0.55%, which is 8% lower than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. American Beacon Aberdeen Mun Hi Inc ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 38% for the High Yield Muni category.
Recently, in the month of July 2026, American Beacon Aberdeen Mun Hi Inc ETF returned -1.8%, which earned it a grade of D, as the High Yield Muni category had an average return of -1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
American Beacon Aberdeen Mun Hi Inc ETF has a trailing yield of 0.00%, which is below the 4.58% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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AMHI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AMHI Return (NAV) | -1.8% | na | na | na | na | na |
| AMHI Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| High Yield Muni Avg | -1.8% | 0.3% | 7.4% | 4.8% | 0.2% | 2.2% |
| AMHI Grade (NAV) | D | na | na | na | na | na |
| +/- Category (NAV) | -0.0% | na | na | na | na | na |
| AMHI Tax-Cost Ratio | na | na | na | na | na | na |
AMHI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AMHI Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| AMHI Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| High Yield Muni Avg | 1.9% | 4.1% | 5.5% | 6.4% | -14.8% | 6.0% | 3.9% | 10.4% | 1.1% | 7.1% | 0.7% |
| AMHI Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 20 Mil |
| Share Class Assets: | $ 20 Mil |
| Turnover: | na |
| Expense Ratio: | 0.55% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Mondillo Jonathan (2026), Laranjeiro Miguel (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 42.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 104.3% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -4.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | American Beacon |
| Phone Number: | 833-471-3562 |
| Website: | www.americanbeaconfunds.com |
| Inception Date: | June 24, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.60% |
