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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab High Yield Municipal Bond Fund

WSHYX | Fund

$8.97

$69.3 M

0.00%

0.78%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$69.3 M

Holdings in Top 10

22.8%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee 1.00%

Min Investment

Standard (Taxable)

$10,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Schwab High Yield Municipal Bond Fund

WSHYX | Fund

$8.97

$69.3 M

0.00%

0.78%

WSHYX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Schwab High Yield Municipal Bond Fund
  • Fund Family Name
    Wasmer Schroeder
  • Inception Date
    Mar 31, 2014
  • Shares Outstanding
    6640058
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jason Diefenthaler

Fund Description

WSHYX - Performance

Return Ranking - Trailing

Period WSHYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.2% 3.0% 84.33%
1 Yr N/A -3.2% 8.4% 51.61%
3 Yr N/A* -10.0% 1.6% 80.95%
5 Yr N/A* -4.9% 524.9% 90.36%
10 Yr N/A* 0.0% 155.5% N/A

* Annualized

Return Ranking - Calendar

Period WSHYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -1.5% 7.5% 27.10%
2022 N/A -26.9% -3.5% 91.47%
2021 N/A -1.9% 5.6% 95.69%
2020 N/A -10.1% 4.2% 69.95%
2019 N/A 2.0% 9.1% 62.37%

Total Return Ranking - Trailing

Period WSHYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.2% 3.0% 60.83%
1 Yr N/A -3.2% 8.4% 19.82%
3 Yr N/A* -10.0% 1.6% 11.43%
5 Yr N/A* -4.9% 524.9% 91.33%
10 Yr N/A* 0.0% 155.5% N/A

* Annualized

Total Return Ranking - Calendar

Period WSHYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A 0.4% 10.9% 16.36%
2022 N/A -26.9% -2.9% 34.12%
2021 N/A -1.9% 10.0% 99.52%
2020 N/A -4.1% 8.2% 69.95%
2019 N/A 3.5% 1028633.9% 66.13%

NAV & Total Return History

WSHYX - Holdings

Concentration Analysis

WSHYX Category Low Category High WSHYX % Rank
Net Assets 69.3 M 9.79 K 16.1 B 95.17%
Number of Holdings 98 1 3076 91.26%
Net Assets in Top 10 15.3 M -102 M 3.44 B 92.72%
Weighting of Top 10 22.77% 4.7% 100.7% 18.05%

Top 10 Holdings

  1. Southcentral Minn Multi-Cnty H Pooled Hs 7.53%
  2. CHICAGO ILL 5% 2.04%
  3. WISCONSIN ST HEALTH & EDL FACS AUTH REV 5% 1.83%
  4. PALOMAR HEALTH CALIF REV 5% 1.78%
  5. CHICAGO ILL 5.5% 1.62%
  6. MARYLAND ST ECONOMIC DEV CORP ECONOMIC DEV REV 5% 1.62%
  7. NEW JERSEY ST TRANSN TR FD AUTH 4.63% 1.60%
  8. SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5% 1.60%
  9. NEW JERSEY ECONOMIC DEV AUTH REV 5% 1.58%
  10. ILLINOIS ST 5.25% 1.58%

Asset Allocation

Weighting Return Low Return High WSHYX % Rank
Bonds 		97.18% 0.00% 146.69% 64.11%
Cash 		2.82% -0.64% 100.00% 31.55%
Stocks 		0.00% 0.00% 99.38% 73.21%
Preferred Stocks 		0.00% -47.61% 1.89% 62.14%
Other 		0.00% -12.04% 9.96% 61.17%
Convertible Bonds 		0.00% 0.00% 0.00% 62.62%

Bond Sector Breakdown

Weighting Return Low Return High WSHYX % Rank
Municipal 		97.18% 0.00% 100.00% 67.48%
Cash & Equivalents 		2.82% 0.00% 100.00% 18.93%
Derivative 		0.00% -12.35% 1.55% 56.80%
Securitized 		0.00% 0.00% 22.44% 65.05%
Corporate 		0.00% 0.00% 2.83% 79.13%
Government 		0.00% 0.00% 0.09% 65.53%

Bond Geographic Breakdown

Weighting Return Low Return High WSHYX % Rank
US 		93.29% 0.00% 139.84% 86.89%
Non US 		3.89% 0.00% 13.35% 5.34%

WSHYX - Expenses

Operational Fees

WSHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.21% 3.44% 65.37%
Management Fee 0.50% 0.00% 1.41% 55.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

WSHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WSHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WSHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 2.00% 121.00% 71.35%

WSHYX - Distributions

Dividend Yield Analysis

WSHYX Category Low Category High WSHYX % Rank
Dividend Yield 0.00% 0.00% 6.74% 0.48%

Dividend Distribution Analysis

WSHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

WSHYX Category Low Category High WSHYX % Rank
Net Income Ratio 3.48% 1.11% 5.70% 33.97%

Capital Gain Distribution Analysis

WSHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

WSHYX - Fund Manager Analysis

Managers

Jason Diefenthaler

Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.34

6.3%

Jason Diefenthaler is the Director of Tax Exempt Portfolio Management and is responsible for the oversight of all tax exempt strategies, as well as the Wasmer Schroeder High Yield Municipal Fund (WSHYX) at Wasmer Schroeder. Mr. Diefenthaler began his career with WS in 2000, working initially as a Credit Analyst for taxable and tax-exempt strategies and then as a Portfolio Manager. Mr. Diefenthaler earned his B.S. in Finance from Florida State University. He is a member of the Firm’s Executive, Portfolio Management, Credit, Investment, Risk, and Compliance Committees. Mr. Diefenthaler is a current member of the Southern Municipal Finance Society, as well as the National Federation of Municipal Analysts and a graduate of the Leadership Collier Foundation Alumni Association.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.46 2.52

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