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Morningstar

abrdn Ultra Short Municipal Inc A ATOAX

Morningstar Medalist Rating
Medalist Rating as of | See abrdn Investment Hub
  • NAV / 1-Day Return 10.08  /  0.03 %
  • Total Assets 625.9 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.03%
  • Effective Duration 0.11 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:16 PM GMT+0

Morningstar’s Analysis ATOAX

Will ATOAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ATOAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ATOAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ATOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Remained steady amid rising rates.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Abrdn Ultra Short Municipal Income is guided by experienced managers, but turnover on this relatively small team, combined with an industry-standard approach, makes it difficult for the strategy to stand out among competitors.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings ATOAX

More ATOAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 71
  • Other Holdings 2
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MISSISSIPPI BUSINESS FIN CORP MISS REV 5.27%

9.93
62,284,524
municipal

MARYLAND INDL DEV FING AUTH PORT FACS REV 5.61%

7.99
50,136,231
municipal

PENNSYLVANIA ECONOMIC DEV FIN AUTH EXEMPT FAC REV 5%

4.80
30,119,671
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5.36%

4.32
27,111,018
municipal

INDIANA ST FIN AUTH ENVIRONMENTAL REV 4.5%

4.22
26,486,071
municipal

ARKANSAS DEV FIN AUTH HEALTH CARE REV 5.36%

4.08
25,568,647
municipal

MEADE CNTY KY INDL BLDG REV 5.22%

3.98
24,980,035
municipal

CENTRAL BRADFORD PROGRESS AUTH PA REV 4.56%

3.81
23,887,124
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4.548%

3.20
20,063,978
municipal

SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 4.53%

3.01
18,888,082
municipal