abrdn Ultra Short Municipal Income Fund (ATOIX)
The investment seeks high after-tax current income consistent with preservation of capital. The fund invests its assets in a combination of tax-exempt obligations and taxable debt obligations. Under normal circumstances, it invests at least 80% of its net assets in tax-exempt obligations. The fund's average portfolio maturity, at the time of investment, will be two years or less. The obligations in which the fund invests must, at the time of investment, be rated investment grade, as determined by the various rating agencies, or if unrated, of comparable quality as determined by the Adviser.
Fund Info
| ISIN | US0030223244 |
|---|---|
| CUSIP | 003022324 |
| Issuer | Aberdeen |
| Inception Date | Dec 4, 2002 |
| Category | Municipal Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The abrdn Ultra Short Municipal Income Fund has a high expense ratio of 0.44%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in abrdn Ultra Short 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 Ultra Short Municipal Income Fund had a return of 0.83% year-to-date (YTD) and 3.88% in the last 12 months. Over the past 10 years, abrdn Ultra Short Municipal Income Fund had an annualized return of 1.14%, while the S&P 500 had an annualized return of 10.42%, indicating that abrdn Ultra Short Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.83% | 5.05% |
| 1 month | 0.22% | -4.27% |
| 6 months | 1.96% | 18.82% |
| 1 year | 3.88% | 21.22% |
| 5 years (annualized) | 1.41% | 11.38% |
| 10 years (annualized) | 1.14% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.30% | 0.30% | 0.32% | |||||||||
| 2023 | 0.32% | 0.34% | 0.33% | 0.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
abrdn Ultra Short Municipal Income Fund(ATOIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Fund (ATOIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
abrdn Ultra Short Municipal Income Fund granted a 3.80% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.37 | $0.12 | $0.01 | $0.09 | $0.08 | $0.14 | $0.09 | $0.07 | $0.05 | $0.05 | $0.06 |
Dividend yield | 3.80% | 3.67% | 1.23% | 0.07% | 0.91% | 0.77% | 1.42% | 0.93% | 0.69% | 0.54% | 0.51% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn Ultra Short 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2016 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 |
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 Ultra Short 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 Ultra Short Municipal Income Fund was 1.18%, occurring on May 13, 2004. Recovery took 63 trading sessions.
The current abrdn Ultra Short Municipal Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.18% | Mar 26, 2004 | 34 | May 13, 2004 | 63 | Aug 13, 2004 | 97 |
| -1.07% | Jun 16, 2003 | 42 | Aug 14, 2003 | 30 | Sep 26, 2003 | 72 |
| -0.79% | Mar 5, 2003 | 13 | Mar 21, 2003 | 13 | Apr 9, 2003 | 26 |
| -0.68% | Oct 3, 2003 | 10 | Oct 16, 2003 | 35 | Dec 5, 2003 | 45 |
| -0.6% | Mar 3, 2008 | 1 | Mar 3, 2008 | 33 | Apr 18, 2008 | 34 |
Volatility
Volatility Chart
The current abrdn Ultra Short Municipal Income Fund volatility is 0.40%, 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.