C000164150 Performance — High Yield Municipal Portfolio
Data updated: 2024-09-16
C000164150 returned +5.01% over one year to Jul 2024. Annualised returns are −2.31% over 3 years and +0.68% over 5 years. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $93, against $105 for the category, and to $105 over one year, against $110. Volatility over the past three years was 8.86% a year. In the 12 months to Jul 2024 the fund lost a net $56.6M, and assets reached $125.72M.
C000164150 Growth of $100
What $100 invested in High Yield Municipal Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | C000164150 | Category average |
|---|---|---|
| 1 year (Aug 2023 – Jul 2024) | $105 | $110 |
| 3 years (Aug 2021 – Jul 2024) | $93 | $105 |
| 5 years (Aug 2019 – Jul 2024) | $103 | $118 |
C000164150 Trailing Returns
Total returns to Jul 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.01% |
| 3 years (annualised) | −2.31% |
| 5 years (annualised) | +0.68% |
C000164150 Annual Returns
Calendar-year total returns of High Yield Municipal Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jul) | +1.17% |
| 2023 | +6.80% |
| 2022 | −13.61% |
| 2021 | +4.62% |
| 2020 | +3.73% |
| 2019 (Aug–Dec) | +2.13% |
C000164150 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.4% | +0.4% | +0.5% | −1.6% | +0.7% | +2.4% | −1.7% | — | — | — | — | — |
| 2023 | +3.6% | −2.4% | +1.3% | +0.3% | −0.6% | +0.8% | +0.1% | −1.2% | −3.0% | −1.9% | +6.7% | +3.5% |
| 2022 | −2.5% | −0.8% | −3.2% | −3.4% | +1.3% | −3.4% | +3.6% | −2.4% | −5.8% | −2.1% | +4.9% | −0.3% |
| 2021 | +1.5% | −1.0% | +0.6% | +1.1% | +0.8% | +0.8% | +0.9% | −0.2% | −0.8% | −0.4% | +1.0% | +0.2% |
| 2020 | +1.7% | +1.5% | −7.7% | −3.1% | +2.7% | +3.2% | +2.3% | +0.1% | +0.2% | +0.1% | +1.8% | +1.4% |
| 2019 | — | — | — | — | — | — | — | +1.7% | −0.3% | +0.1% | +0.3% | +0.3% |
C000164150 Risk
Risk measures from monthly returns over Aug 2021 – Jul 2024.
- 3-year volatility (annualised): 8.86%
- 3-year Sharpe ratio: -0.77 (vs 4.5% risk-free rate)
- Best month: +6.66% (Nov 2023)
- Worst month: −5.78% (Sep 2022)
C000164150 Fund Flows
Monthly money in and out of High Yield Municipal Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$56.6M
- 12-month gross sales (incl. reinvestments): $35.1M
- Sales ÷ redemptions: 0.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2024 | $12K | $464K | −$452K |
| Jun 2024 | $16K | $359K | −$343K |
| May 2024 | $111K | $200K | −$89K |
| Apr 2024 | $1.9M | $1.9M | −$6K |
| Mar 2024 | $1.9M | $2.3M | −$346K |
| Feb 2024 | $2.9M | $1.9M | $980K |
| Jan 2024 | $9.1M | $9.0M | $179K |
| Dec 2023 | $12.3M | $33.4M | −$21.1M |
| Nov 2023 | $2.2M | $22.6M | −$20.3M |
| Oct 2023 | $671K | $6.5M | −$5.8M |
| Sep 2023 | $1.7M | $7.0M | −$5.3M |
| Aug 2023 | $2.2M | $6.1M | −$3.9M |
C000164150 Assets Under Management
Net assets of High Yield Municipal Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-07-31 | $125.72M |
| 2024-04-30 | $125.97M |
| 2024-01-31 | $127.50M |
| 2023-10-31 | $155.59M |
| 2023-07-31 | $182.88M |
| 2023-04-30 | $197.02M |
| 2023-01-31 | $181.38M |
| 2022-10-31 | $157.34M |
| 2022-07-31 | $216.45M |
| 2022-04-30 | $255.94M |
| 2022-01-31 | $277.03M |
| 2021-10-31 | $282.44M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.