Fund Evaluator:

abrdn Short Duration Hi Yld Muncpl C Overview

abrdn Short Duration Hi Yld Muncpl C (ACHMX) is an actively managed Municipal Bond High Yield Muni fund. Aberdeen launched the fund in 2020.

The investment seeks a high level of current income exempt from federal income tax. 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.

About abrdn Short Duration Hi Yld Muncpl C (ACHMX)

There are 2 members of the management team with an average tenure of 11.39 years: Jonathan Mondillo (2013), Miguel Laranjeiro (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and S&P Municipal Bond Short Intermediate TR index with a weighting of 100%. abrdn Short Duration Hi Yld Muncpl C has 55 securities in its portfolio. The top 10 holdings constitute 46.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

abrdn Short Duration Hi Yld Muncpl C is part of the Fixed Income global asset class and is within the Municipal Bond fund group. abrdn Short Duration Hi Yld Muncpl C 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 93.9% (93.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). abrdn Short Duration Hi Yld Muncpl C has 6.1% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $803 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.

ACHMX 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 abrdn Short Duration Hi Yld Muncpl C expense ratio is high compared to funds in the High Yield Muni category. abrdn Short Duration Hi Yld Muncpl C has an expense ratio of 1.67%, which is 71% higher 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. abrdn Short Duration Hi Yld Muncpl C has a portfolio turnover rate of 97%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the High Yield Muni category.

Recently, in the month of July 2026, abrdn Short Duration Hi Yld Muncpl C returned -1.2%, which earned it a grade of A, 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 funds in that category.

abrdn Short Duration Hi Yld Muncpl C has a trailing yield of 0.26%, which is below the 4.46% category average. The fund normally distributes its income 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.

abrdn Short Duration Hi Yld Muncpl C Grades

Year to date, the fund has returned -3.5%, 5.1 percentage points worse than the category, which translates into a grade of F. The fund has returned -0.6% over the past year (grade of F), -0.8% over the past three years (grade of F) and -3.0% per year over the past five years (grade of F) and -0.5% per year over the past 10 years (grade of F).

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