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
US0030222097
003022209
Mar 16, 1986
$1,000,000
Expense Ratio
ABEIX has an expense ratio of 0.50%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
abrdn Intermediate Municipal Income Fund (ABEIX) returned -1.93% year-to-date (YTD) and 2.09% over the past 12 months. Over the past 10 years, ABEIX returned 1.48% annually, underperforming the S&P 500 benchmark at 10.85%.
ABEIX
-1.93%
-0.81%
-3.12%
2.09%
1.82%
0.99%
1.48%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of ABEIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.33% | 1.13% | -1.67% | -0.90% | -0.81% | -1.93% | |||||||
| 2024 | 0.08% | 0.32% | 0.33% | -1.02% | 0.22% | 1.94% | 0.67% | 1.12% | 0.67% | -1.00% | 1.45% | -1.22% | 3.54% |
| 2023 | 2.20% | -1.63% | 1.30% | 0.05% | -0.63% | 0.87% | 0.18% | -1.18% | -2.34% | -1.46% | 5.76% | 2.48% | 5.45% |
| 2022 | -2.42% | -0.60% | -2.61% | -2.46% | 0.69% | -1.40% | 2.03% | -1.62% | -3.21% | -0.66% | 3.44% | 0.15% | -8.54% |
| 2021 | 0.93% | -1.17% | 0.52% | 0.82% | 0.52% | 0.51% | 0.81% | -0.19% | -0.89% | -0.19% | 0.72% | 0.11% | 2.51% |
| 2020 | 1.54% | 1.13% | -4.98% | -1.71% | 2.48% | 1.18% | 1.47% | -0.18% | -0.06% | -0.06% | 1.48% | 0.72% | 2.84% |
| 2019 | 0.58% | 0.49% | 1.20% | 0.23% | 1.19% | 0.57% | 0.56% | 1.55% | -0.62% | -0.07% | 0.23% | 0.27% | 6.34% |
| 2018 | -0.86% | -0.35% | 0.27% | -0.14% | 0.79% | 0.17% | 0.16% | 0.17% | -0.35% | -0.46% | 0.69% | 0.62% | 0.69% |
| 2017 | 0.37% | 0.48% | 0.17% | 0.67% | 0.97% | -0.24% | 0.46% | 0.56% | -0.34% | -0.04% | -0.71% | 0.67% | 3.05% |
| 2016 | 0.96% | 0.19% | -0.19% | 0.47% | 0.05% | 1.05% | 0.06% | 0.06% | -0.33% | -0.52% | -2.70% | 0.68% | -0.28% |
| 2015 | 1.41% | -0.89% | 0.08% | -0.30% | -0.30% | -0.30% | 0.48% | 0.09% | 0.77% | 0.29% | 0.09% | 0.29% | 1.69% |
| 2014 | 1.68% | 1.18% | -0.01% | 1.07% | 1.15% | -0.11% | -0.01% | 1.06% | 0.18% | 0.57% | 0.09% | 0.07% | 7.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABEIX is 26, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for abrdn Intermediate Municipal Income Fund (ABEIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
abrdn Intermediate Municipal Income Fund provided a 4.15% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.35 | $0.31 | $0.27 | $0.26 | $0.30 | $0.30 | $0.31 | $0.29 | $0.30 | $0.34 | $0.36 |
Dividend yield | 4.15% | 3.94% | 3.42% | 3.06% | 2.58% | 3.07% | 3.05% | 3.26% | 2.92% | 3.00% | 3.35% | 3.43% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 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 | $0.27 |
| 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 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.30 |
| 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 | $0.31 |
| 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 | $0.29 |
| 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 | $0.30 |
| 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 | $0.34 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the abrdn Intermediate Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the abrdn Intermediate Municipal Income Fund was 12.55%, occurring on Oct 26, 2022. Recovery took 483 trading sessions.
The current abrdn Intermediate Municipal Income Fund drawdown is 3.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.55% | Aug 6, 2021 | 309 | Oct 26, 2022 | 483 | Sep 30, 2024 | 792 |
| -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 |
| -5.7% | Mar 3, 2025 | 28 | Apr 9, 2025 | — | — | — |
| -3.72% | Sep 1, 2016 | 64 | Dec 1, 2016 | 168 | Aug 3, 2017 | 232 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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