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
US0030223244
003022324
Dec 4, 2002
$1,000,000
Expense Ratio
ATOIX has an expense ratio of 0.44%, 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 Ultra Short Municipal Income Fund (ATOIX) returned 0.76% year-to-date (YTD) and 3.29% over the past 12 months. Over the past 10 years, ATOIX returned 1.53% annually, underperforming the S&P 500 benchmark at 10.46%.
ATOIX
0.76%
0.00%
1.36%
3.29%
2.00%
1.53%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of ATOIX, 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 | 0.25% | 0.23% | 0.28% | 0.00% | 0.00% | 0.76% | |||||||
| 2024 | 0.30% | 0.30% | 0.32% | 0.34% | 0.33% | 0.32% | 0.29% | 0.32% | 0.31% | 0.32% | 0.29% | 0.30% | 3.81% |
| 2023 | 0.33% | 0.27% | 0.29% | 0.29% | 0.31% | 0.32% | 0.31% | 0.33% | 0.32% | 0.34% | 0.33% | 0.45% | 3.96% |
| 2022 | -0.10% | 0.01% | -0.08% | -0.07% | 0.06% | 0.18% | 0.09% | 0.14% | 0.04% | 0.20% | 0.30% | 0.27% | 1.05% |
| 2021 | 0.02% | 0.01% | 0.00% | 0.01% | 0.01% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.10% | -0.02% |
| 2020 | 0.08% | 0.08% | 0.22% | 0.05% | 0.10% | 0.08% | 0.16% | 0.04% | -0.07% | 0.03% | 0.12% | 0.02% | 0.91% |
| 2019 | 0.13% | 0.12% | 0.13% | 0.14% | 0.13% | 0.13% | 0.11% | 0.11% | 0.11% | 0.11% | 0.09% | 0.09% | 1.41% |
| 2018 | 0.21% | 0.09% | 0.11% | 0.13% | 0.12% | 0.11% | 0.10% | 0.12% | 0.12% | 0.13% | 0.13% | 0.14% | 1.52% |
| 2017 | 0.16% | 0.07% | 0.07% | 0.08% | 0.08% | 0.08% | 0.08% | 0.07% | 0.08% | 0.08% | 0.08% | 0.00% | 0.93% |
| 2016 | 0.04% | 0.04% | 0.05% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | -0.03% | 0.17% | -0.04% | 0.06% | 0.59% |
| 2015 | 0.04% | 0.04% | 0.03% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.54% |
| 2014 | 0.05% | 0.05% | 0.05% | 0.15% | 0.05% | 0.04% | -0.06% | 0.04% | 0.13% | 0.03% | 0.04% | 0.04% | 0.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 100, ATOIX is among the top 0% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
abrdn Ultra Short Municipal Income Fund provided a 3.23% dividend yield over the last twelve months, with an annual payout of $0.32 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 | $0.32 | $0.37 | $0.37 | $0.12 | $0.01 | $0.09 | $0.14 | $0.14 | $0.09 | $0.07 | $0.05 | $0.05 |
Dividend yield | 3.23% | 3.73% | 3.68% | 1.24% | 0.08% | 0.91% | 1.39% | 1.40% | 0.93% | 0.69% | 0.54% | 0.51% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.00 | $0.00 | $0.08 | |||||||
| 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 | $0.37 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 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 | $0.12 |
| 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 | $0.01 |
| 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 | $0.09 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 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 | $0.14 |
| 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 | $0.09 |
| 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 | $0.07 |
| 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 | $0.05 |
| 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 | $0.05 |
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 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.
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 chart below shows the rolling one-month volatility.
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