abrdn Intermediate Municipal Income Fund (ABEIX)
The investment seeks a high level of current income that is exempt from federal income taxes. The fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in investment grade fixed income securities that qualify as tax-exempt municipal obligations. Tax-exempt municipal obligations include municipal obligations that pay interest that is free from U.S. federal income tax. These obligations are issued by states, U.S. territories and their political subdivisions, such as counties, cities and towns.
Fund Info
| ISIN | US0030222097 |
|---|---|
| CUSIP | 003022209 |
| Issuer | Aberdeen |
| Inception Date | Mar 16, 1986 |
| Category | Municipal Bonds |
| Minimum Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The abrdn Intermediate Municipal Income Fund has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in abrdn Intermediate Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
abrdn Intermediate Municipal Income Fund had a return of 0.38% year-to-date (YTD) and -0.69% in the last 12 months. Over the past 10 years, abrdn Intermediate Municipal Income Fund had an annualized return of 1.18%, while the S&P 500 had an annualized return of 9.79%, indicating that abrdn Intermediate Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -1.47% | 0.86% |
| Year-To-Date | 0.38% | 9.53% |
| 6 months | 1.26% | 4.45% |
| 1 year | -0.69% | 1.14% |
| 5 years (annualized) | 0.53% | 9.36% |
| 10 years (annualized) | 1.18% | 9.79% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2.20% | -1.63% | 1.30% | 0.04% | ||||||||
| 2022 | -0.66% | 3.45% | 0.15% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for abrdn Intermediate Municipal Income Fund (ABEIX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ABEIX abrdn Intermediate Municipal Income Fund | 0.03 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
abrdn Intermediate Municipal Income Fund granted a 4.41% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.27 | $0.26 | $0.30 | $0.16 | $0.31 | $0.29 | $0.30 | $0.34 | $0.39 | $0.44 |
Dividend yield | 4.41% | 3.09% | 2.70% | 3.24% | 1.75% | 3.65% | 3.38% | 3.58% | 4.11% | 4.76% | 5.76% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn Intermediate Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.18 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the abrdn Intermediate Municipal Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the abrdn Intermediate Municipal Income Fund is 12.56%, recorded on Oct 26, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.56% | Aug 6, 2021 | 309 | Oct 26, 2022 | — | — | — |
| -11.13% | Mar 10, 2020 | 9 | Mar 20, 2020 | 198 | Dec 31, 2020 | 207 |
| -5.91% | May 3, 2013 | 87 | Sep 5, 2013 | 155 | Apr 17, 2014 | 242 |
| -3.72% | Sep 1, 2016 | 64 | Dec 1, 2016 | 168 | Aug 3, 2017 | 232 |
| -2.08% | Feb 3, 2015 | 89 | Jun 10, 2015 | 129 | Dec 11, 2015 | 218 |
Volatility Chart
The current abrdn Intermediate Municipal Income Fund volatility is 0.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.