The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ATOBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ATOBX 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 ATOBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Ultrashort muni niche lacks a clear edge.
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.