Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

ABESX Aberdeen Tax-Free Income Instl Svc

  • Fund
  • ABESX
  • Price as of: Apr 24, 2019
  • $9.75 + $0.01 + 0.10%
  • Category
  • National Munis

ABESX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return -1.6%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $72.4 M
  • Holdings in Top 10 31.0%

52 WEEK LOW AND HIGH

$9.75
$9.52
$9.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.38%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Aberdeen Intermediate Municipal Income Fund
  • Fund Family Name Aberdeen
  • Inception Date Feb 25, 2013
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States

Fund Description

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.

ABESX - Performance

Return Ranking - Trailing

Period ABESX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.0% 3.8% 64.03%
1 Yr 1.1% -2.5% 4.2% 79.56%
3 Yr -1.6%* -2.9% 1.7% 94.09%
5 Yr -1.1%* -1.8% 2.1% 96.68%
10 Yr N/A* -8.9% 3.3% N/A

* Annualized


Return Ranking - Calendar

Period ABESX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -4.8% 0.8% 72.62%
2017 0.0% -0.9% 5.6% 94.58%
2016 -3.1% -6.1% 7.3% 73.93%
2015 -1.6% -10.9% 2.6% 96.13%
2014 3.5% -60.4% 12.0% 57.77%

Total Return Ranking - Trailing

Period ABESX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.0% 3.8% 64.82%
1 Yr 1.1% -2.3% 6.5% 81.55%
3 Yr -1.6%* -2.9% 3.1% 96.13%
5 Yr -1.0%* -1.8% 3.7% 96.89%
10 Yr N/A* -8.9% 4.9% N/A

* Annualized


Total Return Ranking - Calendar

Period ABESX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -4.8% 1.7% 75.40%
2017 0.0% -0.9% 6.2% 95.98%
2016 -3.1% -6.1% 7.3% 76.37%
2015 -1.6% -9.6% 3.9% 96.95%
2014 3.8% -60.4% 12.0% 57.14%

NAV & Total Return History

ABESX - Holdings

Concentration Analysis

ABESX Category Low Category High ABESX % Rank
Net Assets 72.4 M 775 K 65.3 B 89.13%
Number of Holdings 84 3 8026 93.66%
Net Assets in Top 10 22.4 M -224 M 1.76 B 88.51%
Weighting of Top 10 31.02% 2.5% 100.0% 7.33%

Top 10 Holdings

  1. HARRIS CNTY TEX HEALTH FACS DEV CORP 5.75% 8.68%

  2. NEW YORK ST DORM AUTH REVS ST SUPPORTED DEBT 5% 3.53%

  3. PENNSYLVANIA ST TPK COMMN REGISTRATION FEE REV 5.25% 3.19%

  4. NEW JERSEY ST TRANSN TR FD AUTH 5% 3.07%

  5. NEW JERSEY ECONOMIC DEV AUTH REV 5.25% 2.89%

  6. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 2.26%

  7. HOUSTON TEX 5% 1.99%

  8. NEW YORK ST DORM AUTH REVS ST SUPPORTED DEBT 5.5% 1.88%

  9. ST CHARLES PARISH LA GULF OPPORTUNITY ZONE REV 4% 1.82%

  10. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 1.72%


Asset Allocation

Weighting Return Low Return High ABESX % Rank
Bonds
96.84% 66.80% 105.94% 65.35%
Cash
3.16% -5.94% 29.34% 32.67%
Stocks
0.00% 0.00% 0.02% 85.35%
Preferred Stocks
0.00% 0.00% 9.24% 85.35%
Other
0.00% -1.35% 30.00% 84.75%
Convertible Bonds
0.00% 0.00% 2.54% 85.35%

Bond Sector Breakdown

Weighting Return Low Return High ABESX % Rank
Municipal
96.84% 0.00% 115.16% 62.18%
Cash & Equivalents
3.16% -7.72% 29.34% 32.87%
Derivative
0.00% 0.00% 0.01% 85.15%
Securitized
0.00% 0.00% 25.65% 85.54%
Corporate
0.00% 0.00% 39.97% 87.33%
Government
0.00% -16.67% 71.35% 79.41%

Bond Geographic Breakdown

Weighting Return Low Return High ABESX % Rank
US
95.41% 52.43% 102.07% 67.92%
Non US
1.43% 0.00% 27.66% 14.26%

ABESX - Expenses

Operational Fees

ABESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.08% 4.80% 43.28%
Management Fee 0.43% 0.00% 0.65% 63.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.34% 94.80%

Sales Fees

ABESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

ABESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 28.00%

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.

ABESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.38% 0.00% 504.54% 18.18%

ABESX - Distributions

Dividend Yield Analysis

ABESX Category Low Category High ABESX % Rank
Dividend Yield 0.03% 0.00% 0.28% 30.04%

Dividend Distribution Analysis

ABESX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

ABESX Category Low Category High ABESX % Rank
Net Income Ratio 3.21% 0.01% 4.95% 18.18%

Capital Gain Distribution Analysis

ABESX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

ABESX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

7.83

Category Mode

4.07