American Beacon Aberdeen Municipal High Income ETF
The Fund’s investment objective is to seek to provide a high level of current income that is not subject to federal income tax.
Overview
TAX-EFFICIENT INCOME WITH DOWNSIDE PRESERVATION
A high-income, municipal bond ETF focused on high-conviction ideas generated through intensive and proprietary credit research. The ETF seeks to capitalize on the full range of credit opportunities across sectors and maturities.
Sub-Advisor: Aberdeen Investments
Portfolio managers:
- Jonathan Mondillo; industry since 2006
- Miguel Laranjiero; industry since 2006
INVESTMENT STRATEGY
- Research drives security selection and sector positioning: Proprietary analysis identifies mispriced bonds at the individual security level, with allocations reflecting relative value conviction, producing a portfolio concentrated where the team has deepest expertise and avoids crowded, low-value areas.
- Downside preservation through quality discipline: The portfolio deliberately skews toward the higher-quality end of the high-yield spectrum, avoiding the most distressed and volatile names.
- Experienced team: Two lead portfolio managers have worked together for over two decades, backed by a collaborative bench of sector specialists and credit analysts.
| Period | Days Traded at Premium | Days Traded at Discount |
|---|---|---|
| Q2 2026 | 0 | 0 |
| Q1 2026 | 0 | 0 |
| 2025 | 0 | 0 |
| Fund Details as of 06/24/2026 | |
|---|---|
| Sub-advisor % | |
|
abrdn Inc., a subsidiary of Aberdeen Investments100% |
|
| Ticker | AMHI |
| CUSIP | 02368W705 |
| ISIN | US02368W7056 |
| Exchange | NYSE Arca, Inc. |
| Inception Date | 6/24/2026 |
| Number of Holdings | N/A |
| Shares Outstanding | 800,000 |
| Expense Ratio (%) | 0.55% |
| Median Bid / Ask Spread | N/A |
| Premium / Discount | N/A% |
Performance
| as of | Cumulative | Average Annual | ||||||
|---|---|---|---|---|---|---|---|---|
| YTD | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception | |
| NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| as of | Cumulative | Average Annual | ||||||
|---|---|---|---|---|---|---|---|---|
| YTD | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception | |
| NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted.
Returns for less than one year are cumulative and not annualized. Short-term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Net asset value CNAV’J returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. Market price returns are based on the official closing price on the NYSE Arca, Inc. Market price performance does not represent the returns you would have received if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for market price returns. The Fund’s shares are bought and sold at current market prices (and not at NAV), and market price may differ significantly from NAV during periods of market volatility.
Please see the Disclosures at the bottom of the page for important information.
Portfolio
Top 10 Holdings by Percent (As of 06/23/2026)
| Ticker | Description | Weight | Market Value | CUSIP/Identifier | Shares/Quantity | Notional Value |
|---|---|---|---|---|---|---|
| US DOLLAR | 100.00% | $25 | 999USDZ92 | 25.00 | $25 | |
| NET OTHER ASSETS | 0.00% | $0 | — | 0.00 | $0 |
Holdings are subject to change without notice. The amounts shown under Weight, Market Value and Notional Value are calculated using third-party pricing sources and do not reflect any fair valuation adjustments made by American Beacon in determining the Fund’s NAV. In addition, the values shown for holdings denominated in non-U.S. currencies may have been converted to U.S. dollars using foreign exchange rates as of a different time than used for purposes of determining the NAV.
This information must be preceded or accompanied by a prospectus or summary prospectus. Click here to view or download a prospectus or summary prospectus. Read it carefully before you invest.
The Fund is new and has a limited operating history.
For more information about the risks associated with each fund, visit the “Risk Disclaimers” page or read the prospectus.
Foreside Financial Services, LLC is the distributor of the American Beacon ETFs and is not affiliated with American Beacon or its sub-advisors. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Aberdeen Municipal High Income ETF is a service mark of American Beacon Advisors, Inc.
Resources
Fund Literature
Regulatory Docs
Disclosures
Important Information: All investing involves risk, including possible loss of principal. The Fund is new and has a limited operating history. Indexes are unmanaged and one cannot invest directly in an index.
The Fund is actively managed, and there can be no assurances that its investment objectives will be met. The use of fixed-income securities entails interest rate and credit risks. Interest rate risk is the risk that investments will decrease in value with increases in market interest rates. Credit risk is the risk that an issuer will fail to make timely payment of interest or principal. Investments in high-yield securities (commonly referred to as “junk bonds”), including restricted securities, are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Municipal bonds can be significantly affected by political and economic changes, including inflation, as well as uncertainties related to taxation, legislative changes, or the rights of municipal security holders. There is no guarantee that the Fund’s income will be exempt from federal or state income taxes, and the alternative minimum tax (AMT) may apply. Capital gains, if any, are subject to capital gains tax. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.
Foreside Financial Services, LLC is the distributor of the American Beacon ETFs and is not affiliated with American Beacon or its sub-advisors. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Aberdeen Municipal High Income ETF is a service mark of American Beacon Advisors, Inc.
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