American Beacon Aberdeen Municipal High Income ETF (AMHI)

The American Beacon Aberdeen Municipal High Income ETF (AMHI) is an actively managed exchange-traded fund sponsored by American Beacon Advisors, with abrdn serving as sub-advisor responsible for day-to-day portfolio management. It seeks to provide a high level of income exempt from federal income tax.

The fund invests primarily in municipal bonds issued by U.S. states, cities and other local government entities, and it can hold a significant share of lower-rated or unrated municipal debt, which typically offers higher yields than investment-grade issues in exchange for greater credit risk. The managers rely on credit research to select bonds across sectors such as healthcare, transportation, education and housing.

Its shares trade on NYSE Arca.