ASGI - abrdn Short Duration High Yield Municipal Fund Q1 2025 Commentary

2025-06-03 07:00:00 ET

Summary

• The abrdn Short Duration High Yield Municipal Fund returned 0.47% for the first quarter, underperforming the 0.78% return of its benchmark, the S&P Municipal Bond Short Intermediate Index.
• During the quarter, the Fund’s exposure to student housing bonds detracted from performance.
• We spent most of the fourth quarter incrementally paring down our exposure to non-rated bonds in favour of higher exposure to higher-quality credits.

Fund performance

The abrdn Short Duration High Yield Municipal Fund (Institutional Class shares, net of fees) returned 0.47% for the first quarter, underperforming the 0.78% return of its benchmark, the S&P Municipal Bond Short Intermediate Index.[1]...

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