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 |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
ABEIX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ABEIX vs. TQQQ
Performance
Performance Chart
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.
Returns By Period
abrdn Intermediate Municipal Income Fund had a return of 1.96% year-to-date (YTD) and 4.93% in the last 12 months. Over the past 10 years, abrdn Intermediate Municipal Income Fund had an annualized return of 1.59%, while the S&P 500 had an annualized return of 10.58%, indicating that abrdn Intermediate Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.96% | 13.20% |
| 1 month | 0.45% | -1.28% |
| 6 months | 3.12% | 10.32% |
| 1 year | 4.93% | 18.23% |
| 5 years (annualized) | 0.77% | 12.31% |
| 10 years (annualized) | 1.59% | 10.58% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.09% | 0.31% | 0.32% | -1.02% | 0.22% | 1.93% | 1.96% | ||||||
| 2023 | 2.20% | -1.63% | 1.30% | 0.04% | -0.64% | 0.86% | 0.18% | -1.18% | -2.35% | -1.46% | 5.76% | 2.49% | 5.44% |
| 2022 | -2.42% | -0.60% | -2.61% | -2.46% | 0.69% | -1.40% | 2.03% | -1.62% | -3.21% | -0.66% | 3.45% | 0.15% | -8.54% |
| 2021 | 0.93% | -1.17% | 0.52% | 0.83% | 0.51% | 0.52% | 0.81% | -0.19% | -0.89% | -0.19% | 0.72% | 0.11% | 2.52% |
| 2020 | 1.54% | 1.13% | -4.98% | -1.71% | 2.46% | 1.20% | 1.47% | -0.20% | -0.05% | -0.07% | 1.47% | 0.72% | 2.80% |
| 2019 | 0.58% | 0.49% | 1.20% | 0.23% | 1.18% | 0.57% | 0.30% | 1.31% | -0.89% | -0.30% | -0.00% | 0.04% | 4.79% |
| 2018 | -0.86% | -0.35% | 0.27% | -0.14% | 0.79% | 0.17% | 0.17% | 0.17% | -0.35% | -0.46% | 0.70% | 0.61% | 0.70% |
| 2017 | 0.37% | 0.48% | 0.17% | 0.67% | 0.97% | -0.24% | 0.46% | 0.57% | -0.34% | -0.04% | -0.71% | 0.67% | 3.06% |
| 2016 | 0.96% | 0.19% | -0.20% | 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% | 1.19% | -0.01% | 1.07% | 1.15% | -0.11% | -0.01% | 1.06% | 0.18% | 0.57% | 0.09% | 0.40% | 7.48% |
| 2013 | 0.19% | -0.47% | 1.12% | -1.31% | -2.66% | -0.59% | -0.99% | 1.78% | 0.77% | -0.19% | -0.24% | -2.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABEIX is 56, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
abrdn Intermediate Municipal Income Fund granted a 3.72% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.30 | $0.27 | $0.26 | $0.30 | $0.16 | $0.31 | $0.29 | $0.30 | $0.34 | $0.39 | $0.44 |
Dividend yield | 3.72% | 3.40% | 3.06% | 2.59% | 3.03% | 1.58% | 3.27% | 2.93% | 3.00% | 3.35% | 3.76% | 4.38% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | |||||
| 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 | $0.30 |
| 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 | $0.03 | $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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.16 |
| 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 | $0.07 | $0.39 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.18 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 12.56%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current abrdn Intermediate Municipal Income Fund drawdown is 2.11%.
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
Volatility Chart
The current abrdn Intermediate Municipal Income Fund volatility is 0.74%, 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.