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Morningstar

abrdn Ultra Short Municipal Income A1 ATOBX

Morningstar Medalist Rating
Medalist Rating as of | See abrdn Investment Hub
  • NAV / 1-Day Return 10.09  /  +0.01 %
  • Total Assets 659.0 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.55%
  • Effective Duration 0.10 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 11:29 PM GMT+0

Morningstar’s Analysis ATOBX

Will ATOBX 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 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.

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 ATOBX

More ATOBX 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 5.02%

9.83 61.3 Mil
municipal

MARYLAND INDL DEV FING AUTH PORT FACS REV 5.75%

8.03 50.1 Mil
municipal

PENNSYLVANIA ECONOMIC DEV FIN AUTH EXEMPT FAC REV 5.05%

4.83 30.1 Mil
municipal

INDIANA ST FIN AUTH ENVIRONMENTAL REV 4.85%

4.25 26.5 Mil
municipal

ARKANSAS DEV FIN AUTH HEALTH CARE REV 5.21%

4.10 25.6 Mil
municipal

IOWA FIN AUTH SOLID WASTE DISP REV 5.1%

4.01 25.0 Mil
municipal

MEADE CNTY KY INDL BLDG REV 5.05%

3.84 24.0 Mil
municipal

CENTRAL BRADFORD PROGRESS AUTH PA REV 4.41%

3.70 23.1 Mil
municipal

SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 4.45%

3.03 18.9 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.65%

2.80 17.4 Mil
municipal