Morningstar

abrdn Ultra Short Municipal Income Fund Class A ATOAX

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  • NAV / 1-Day Return $10.08  /  +0.10 %
  • Fund Size $1.3B
  • Adjusted Expense Ratio 0.700%
  • Net Expense Ratio 0.700%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 2.43%
  • Average Effective Duration 0.14 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis ATOAX

Will ATOAX outperform in the 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.

Ultrashort muni niche lacks a clear edge.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Aberdeen Ultra Short Municipal Income’s lean team runs a straightforward ultrashort municipal bond approach that has not proved its edge across a market cycle.

by Joe Bullard
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Portfolio Holdings ATOAX

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

MISSISSIPPI BUSINESS FIN CORP MISS REV 3.8%

4.56 53M
municipal

MARYLAND INDL DEV FING AUTH PORT FACS REV 4.63%

4.31 50M
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV 3.12%

3.76 44M
municipal

JOHNSON CITY N Y 4%

2.38 28M
Cash and Equivalents

FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV 3.41%

2.33 27M
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 3.48%

2.29 27M
municipal

Usd Cash

2.21 26M
Cash and Equivalents

Cash

2.21 26M
Cash and Equivalents

PEFA INC IOWA GAS PROJ REV 5%

2.20 26M
municipal

IOWA FIN AUTH SOLID WASTE DISP REV 2.85%

2.19 25M
municipal

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