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ATOAX Aberdeen Ultra Short Municipal Inc A

  • Fund
  • ATOAX
  • Price as of: Dec 11, 2018
  • $10.09
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

ATOAX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $1.01 B
  • Holdings in Top 10 30.9%

52 WEEK LOW AND HIGH

$10.09
$10.09
$10.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load 0.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 214.00%

TRADING FEES

  • Max Redemption Fee 0.25%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Aberdeen Ultra Short Municipal Income Fund
  • Fund Family Name Aberdeen
  • Inception Date Mar 30, 2004
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jonathan Mondillo

Fund Description

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.

ATOAX - Performance

Return Ranking - Trailing

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -13.2% 99.4% 7.44% 1
1 Yr 1.1% -5.8% 10.7% 7.98% 1
3 Yr 0.7% * -4.5% 7.0% 20.96% 2
5 Yr 0.5% * -2.1% 5.8% 34.74% 3
10 Yr 0.9% * -1.1% 7.3% 54.71% 4

* Annualized


Return Ranking - Calendar

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.0% -5.3% 5.6% 60.64% 5
2016 -0.1% -8.5% 7.3% 2.56% 1
2015 0.0% -10.9% 8.8% 18.63% 2
2014 0.1% -10.3% 12.0% 60.07% 5
2013 -0.1% -11.9% 8.7% 5.76% 1

Total Return Ranking - Trailing

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -13.2% 99.4% 7.28% 1
1 Yr 0.6% -8.9% 8.9% 18.40% 1
3 Yr 0.5% * -5.4% 7.0% 33.68% 2
5 Yr 0.4% * -1.3% 5.8% 57.67% 4
10 Yr 0.9% * -0.2% 7.3% 78.48% 5

* Annualized


Total Return Ranking - Calendar

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.0% -5.3% 5.6% 61.32% 5
2016 -0.1% -8.2% 7.3% 8.38% 1
2015 0.0% -9.7% 9.3% 32.82% 3
2014 0.3% -10.3% 17.0% 61.65% 5
2013 0.2% -11.9% 8.9% 7.49% 1

NAV & Total Return History

ATOAX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

ATOAX Category Low Category High ATOAX % Rank Quintile
Net Assets 1.01 B 491 K 58.1 B 18.68% 3
Number of Holdings 123 1 7949 29.35% 5
Net Assets in Top 10 312 M -275 M 1.74 B 7.26% 1
Weighting of Top 10 30.9% 0.0% 100.0% 3.71% 1

Top 10 Holdings

  1. MISSISSIPPI BUSINESS FIN CORP MISS 4.13% 6.27%
  2. CHICAGO ILL BRD ED 2.01% 4.40%
  3. PORT CORPUS CHRISTI AUTH TEX 1.68% 4.24%
  4. IOWA FIN AUTH 1.6% 2.98%
  5. LEE CNTY FLA INDL DEV AUTH 1.68% 2.59%
  6. WEST VIRGINIA ECONOMIC DEV AUTH 1.69% 2.38%
  7. FLORIDA DEV FIN CORP 2.15% 2.36%
  8. GAINESVILLE & HALL CNTY GA HOSP AUTH 1.8% 1.99%
  9. HERTFORD CNTY N C INDL FACS & POLLUTN CTL FING AUTH 1.74% 1.88%
  10. INDIANA ST FIN AUTH 1.74% 1.85%

Asset Allocation

Weighting Category Low Category High ATOAX % Rank Quintile
Bonds
97.21% 0.00% 202.21% 17.71% 4
Cash
2.79% -110.85% 100.00% 15.48% 2
Stocks
0.00% 0.00% 0.32% 0.97% 5
Preferred Stocks
0.00% 0.00% 9.82% 0.81% 5
Other
0.00% -2.77% 28.44% 5.97% 5
Convertible Bonds
0.00% 0.00% 2.29% 0.97% 5

Bond Sector Breakdown

Weighting Category Low Category High ATOAX % Rank Quintile
Municipal
97.21% 0.00% 120.12% 17.26% 4
Cash & Equivalents
2.79% -110.85% 100.00% 15.32% 2
Derivative
0.00% -5.91% 0.85% 0.65% 5
Securitized
0.00% 0.00% 41.80% 2.26% 5
Corporate
0.00% 0.00% 41.51% 5.00% 5
Government
0.00% -20.52% 117.34% 6.13% 5

Bond Geographic Breakdown

Weighting Category Low Category High ATOAX % Rank Quintile
US
97.21% 0.00% 202.21% 17.42% 3
Non US
0.00% 0.00% 26.08% 14.19% 5

ATOAX - Expenses

Operational Fees

ATOAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.90% 0.08% 4.80% 14.98% 3
Management Fee 0.50% 0.00% 0.65% 1.45% 5
12b-1 Fee 0.25% 0.00% 1.00% 4.40% 3
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

ATOAX Fees (% of AUM) Category Low Category High ATOAX Rank Quintile
Front Load 0.50% 0.50% 5.75% 11.69% 1
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

ATOAX Fees (% of AUM) Category Low Category High ATOAX Rank Quintile
Max Redemption Fee 0.25% 0.25% 2.00% 6.67% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ATOAX Fees (% of AUM) Category Low Category High ATOAX Rank Quintile
Turnover 214.00% 0.00% 504.54% 0.32% 5

ATOAX - Distributions

Dividend Yield Analysis

ATOAX Category Low Category High ATOAX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.01% 42.58% 5

Dividend Distribution Analysis

ATOAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ATOAX Category Low Category High ATOAX % Rank Quintile
Net Income Ratio 0.62% 0.01% 5.26% 45.09% 5

Capital Gain Distribution Analysis

ATOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ATOAX - Managers

Jonathan Mondillo

Manager

Start Date

Feb 27, 2015

Tenure

3.76

Tenure Rank

15.7%

Mr. Jonathan Mondillo, Portfolio Manager and Head of Fixed Income Trading for Alpine Woods Capital Investors, LLC. Mr. Mondillo has been with the firm since 2008 and prior to that worked as an analyst within Fidelity Capital Markets’ Fixed Income Trading Group. Mr. Mondillo has a Bachelor’s degree from Bentley University.


Mark Taylor

Manager

Start Date

Feb 29, 2016

Tenure

2.75

Tenure Rank

17.2%

Mr. Mark Taylor, Portfolio Manager and Head of Municipal Research of Alpine Woods Capital Investors, LLC. Mr. Taylor joined the firm in 2012 and previously worked at Barclays Capital as a Vice President in the Global Financial Risk Management group. Mr. Taylor has a Bachelor's degree from Northeastern University.


Edward Grant

Manager

Start Date

Mar 07, 2018

Tenure

0.73

Tenure Rank

20.2%

Edward Grant is a Senior Investment Manager on the North American Fixed Income team. Edward joined Aberdeen following the acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses in 2005. Before joining Aberdeen, Edward worked for PNC and Deutsche Bank Capital Corp where he was a fixed income portfolio manager. Previously, Edward worked for Raymond James & Associates as head of corporate research. Prior to that, Edward worked for American Century Investments and ING Investment Management as credit analyst. Edward graduated with a BS from Lebanon Valley College, Pennsylvania, and a MBA from Widener University, Pennsylvania.


Lesya Paisley

Manager

Start Date

Mar 07, 2018

Tenure

0.73

Tenure Rank

20.2%

Lesya Paisley is a Senior Investment Manager on the North American Fixed Income team. Previously, Lesya spent over ten years in credit research covering various industrial sectors. Lesya joined Aberdeen via the acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses in 2005. She had been with DeAM from September 2003. Lesya graduated with a BS from the University of Virginia, McIntire School of Commerce.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

8

Category Mode

0.5