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abrdn Intermediate Municipal Income Fund (ABEIX)

Mutual Fund · Currency in USD · Last updated May 27, 2023

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

ISINUS0030222097
CUSIP003022209
IssuerAberdeen
Inception DateMar 16, 1986
CategoryMunicipal Bonds
Minimum Investment$1,000,000
Asset ClassBond

Expense Ratio

The abrdn Intermediate Municipal Income Fund has a high expense ratio of 0.50%, indicating higher-than-average management fees.


0.50%
0.00%2.15%

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.


0.00%50.00%100.00%150.00%200.00%December2023FebruaryMarchAprilMay
11.66%
182.65%
ABEIX (abrdn Intermediate Municipal Income Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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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.


PeriodReturnBenchmark
1 month-1.47%0.86%
Year-To-Date0.38%9.53%
6 months1.26%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


JanFebMarAprMayJunJulAugSepOctNovDec
20232.20%-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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABEIX
abrdn Intermediate Municipal Income Fund
0.03
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current abrdn Intermediate Municipal Income Fund Sharpe ratio is 0.03. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-3.00-2.00-1.000.001.00December2023FebruaryMarchAprilMay
0.03
0.27
ABEIX (abrdn Intermediate Municipal Income Fund)
Benchmark (^GSPC)

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.


PeriodTTM2022202120202019201820172016201520142013
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-20.00%-15.00%-10.00%December2023FebruaryMarchAprilMay
-8.60%
-12.32%
ABEIX (abrdn Intermediate Municipal Income Fund)
Benchmark (^GSPC)

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, 2021309Oct 26, 2022
-11.13%Mar 10, 20209Mar 20, 2020198Dec 31, 2020207
-5.91%May 3, 201387Sep 5, 2013155Apr 17, 2014242
-3.72%Sep 1, 201664Dec 1, 2016168Aug 3, 2017232
-2.08%Feb 3, 201589Jun 10, 2015129Dec 11, 2015218

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.


0.00%2.00%4.00%6.00%8.00%December2023FebruaryMarchAprilMay
0.70%
3.82%
ABEIX (abrdn Intermediate Municipal Income Fund)
Benchmark (^GSPC)