High Yield Municipal Fund Fundamentals

ABHYX Fund  USD 8.98  0.05  0.55%   
High Yield Municipal Fund fundamentals help investors to digest information that contributes to High Yield's financial success or failures. It also enables traders to predict the movement of High Mutual Fund. The fundamental analysis module provides a way to measure High Yield's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to High Yield mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

High Yield Municipal Fund Mutual Fund Five Year Return Analysis

High Yield's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Five Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

More About Five Year Return | All Equity Analysis

Current High Yield Five Year Return

    
  1.90 %  
Most of High Yield's fundamental indicators, such as Five Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, High Yield Municipal Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Competition

According to the company disclosure, High Yield Municipal Fund has a Five Year Return of 1.9026%. This is 14.3% lower than that of the American Century Investments family and significantly higher than that of the High Yield Muni category. The five year return for all United States funds is notably lower than that of the firm.

High Yield Municipal Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining High Yield's current stock value. Our valuation model uses many indicators to compare High Yield value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across High Yield competition to find correlations between indicators driving High Yield's intrinsic value. More Info.
High Yield Municipal Fund is the top fund in annual yield among similar funds. It also is the top fund in year to date return among similar funds creating about  1,816  of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the High Yield's earnings, one of the primary drivers of an investment's value.

High Five Year Return Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses High Yield's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of High Yield could also be used in its relative valuation, which is a method of valuing High Yield by comparing valuation metrics of similar companies.
High Yield is currently under evaluation in five year return among similar funds.

Fund Asset Allocation for High Yield

The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds and cash equivalents.
Asset allocation divides High Yield's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

High Fundamentals

About High Yield Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze High Yield Municipal Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Yield using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Yield Municipal Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The fund invests in municipal and other debt securities with an emphasis on high-yield securities. Under normal market conditions, the portfolio managers invest at least 80 percent of the funds net assets in municipal securities with interest payments exempt from federal income tax. Some of these investments in municipal securities are not necessarily exempt from the federal alternative minimum tax.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in High Mutual Fund

High Yield financial ratios help investors to determine whether High Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in High with respect to the benefits of owning High Yield security.
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules