ATOAX: Aberdeen Ultra Short Municipal Inc A

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ATOAX Aberdeen Ultra Short Municipal Inc A


Profile

ATOAX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.15 B
  • Holdings in Top 10 36.1%

52 WEEK LOW AND HIGH

$10.09
$10.07
$10.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

  • Front Load 0.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 231.49%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

ATOAX - Performance

Return Ranking - Trailing

Period ATOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -31.9% 954.9% 89.15%
1 Yr -0.1% -27.2% 945.1% 85.57%
3 Yr N/A* -18.4% 120.9% 69.76%
5 Yr N/A* -9.1% 60.6% 32.69%
10 Yr N/A* -5.2% 14.4% 54.00%

* Annualized

Return Ranking - Calendar

Period ATOAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% -5.8% 20.3% 99.25%
2018 N/A -29.6% 4.6% N/A
2017 N/A -4.4% 15.8% N/A
2016 N/A -6.1% 15.0% N/A
2015 N/A -11.6% 2.6% N/A

Total Return Ranking - Trailing

Period ATOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -31.9% 954.9% 89.15%
1 Yr -0.1% -27.2% 945.1% 85.57%
3 Yr N/A* -18.4% 120.9% 78.44%
5 Yr N/A* -9.1% 60.6% 45.34%
10 Yr N/A* -5.2% 16.1% 65.84%

* Annualized

Total Return Ranking - Calendar

Period ATOAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% -5.8% 20.3% 99.25%
2018 N/A -29.6% 4.6% N/A
2017 N/A -4.4% 15.8% N/A
2016 N/A -6.1% 15.0% N/A
2015 N/A -9.9% 3.0% N/A

NAV & Total Return History


Holdings

ATOAX - Holdings

Concentration Analysis

ATOAX Category Low Category High ATOAX % Rank
Net Assets 1.15 B 619 K 88.4 B 36.91%
Number of Holdings 115 1 10083 82.89%
Net Assets in Top 10 381 M -170 M 26.9 B 21.67%
Weighting of Top 10 36.13% 2.6% 100.0% 18.79%

Top 10 Holdings

  1. MISSISSIPPI BUSINESS FIN CORP MISS REV 3.67% 5.89%
  2. MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 0.82% 4.55%
  3. MARYLAND INDL DEV FING AUTH PORT FACS REV 5.95% 4.04%
  4. MISSISSIPPI BUSINESS FIN CORP MISS REV 0.26% 3.84%
  5. INDIANA ST FIN AUTH ENVIRONMENTAL REV 0.75% 3.60%
  6. LOUISVILLE KY REGL ARPT AUTH SPL FACS REV 0.23% 3.34%
  7. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.13% 3.11%
  8. COLUMBIA ALA INDL DEV BRD REV 0.22% 2.95%
  9. TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.13% 2.69%
  10. BROWARD CNTY FLA INDL DEV REV 0.22% 2.13%

Asset Allocation

Weighting Return Low Return High ATOAX % Rank
Bonds
93.73% 78.92% 188.18% 70.69%
Cash
6.27% -83.41% 19.68% 19.99%
Stocks
0.00% -4.99% 21.62% 26.67%
Preferred Stocks
0.00% -0.17% 10.40% 33.59%
Other
0.00% -9.30% 31.94% 26.48%
Convertible Bonds
0.00% 0.00% 9.45% 56.99%

Bond Sector Breakdown

Weighting Return Low Return High ATOAX % Rank
Municipal
93.16% 0.00% 100.06% 37.48%
Cash & Equivalents
6.84% -26.49% 93.17% 22.54%
Derivative
0.00% 0.00% 39.43% 31.09%
Securitized
0.00% 0.00% 97.53% 63.33%
Corporate
0.00% 0.00% 99.00% 70.40%
Government
0.00% -2.21% 99.96% 66.65%

Bond Geographic Breakdown

Weighting Return Low Return High ATOAX % Rank
US
93.73% 49.78% 163.25% 40.75%
Non US
0.00% -12.10% 39.65% 85.20%

Expenses

ATOAX - Expenses

Operational Fees

ATOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 34.57% 34.24%
Management Fee 0.50% 0.00% 1.60% 85.44%
12b-1 Fee 0.25% 0.00% 1.00% 36.87%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ATOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 0.50% 0.50% 5.75% 99.51%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

ATOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 99.25%

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 Return Low Category Return High Rank in Category (%)
Turnover 231.49% 0.00% 496.90% 93.61%

Distributions

ATOAX - Distributions

Dividend Yield Analysis

ATOAX Category Low Category High ATOAX % Rank
Dividend Yield 0.00% 0.00% 3.89% 22.97%

Dividend Distribution Analysis

ATOAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ATOAX Category Low Category High ATOAX % Rank
Net Income Ratio 1.25% -0.81% 5.05% 95.92%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ATOAX - Fund Manager Analysis

Managers

Jonathan Mondillo


Start Date

Tenure

Tenure Rank

Feb 27, 2015

5.51

5.5%

Mr. Mondillo, Head of Municipals, is a Senior Portfolio manager on the US Fixed Income Team responsible for the management of the Tax-Exempt Municipal portfolios. He joined Aberdeen Standard Investments in 2018 following the acquisition of the municipal strategies from Alpine Woods Capital Investors, LLC. From 2008 to 2018, Mr. Mondillo was employed by Alpine as its Head of Fixed Income Trading as well as a portfolio manager. Prior to joining Alpine, Mr. Mondillo worked as an analyst within Fidelity Capital Markets’ Fixed Income Trading Group. Mr. Mondillo has a Bachelor’s degree from Bentley University.

Mark Taylor


Start Date

Tenure

Tenure Rank

Feb 29, 2016

4.51

4.5%

Mr. Taylor is an Investment Director and Senior Portfolio manager on the US Fixed Income Team responsible for the management of the Tax-Exempt Municipal portfolios. Mr. Taylor joined Aberdeen Standard Investments in 2018 following the acquisition of the municipal strategies from Alpine Woods Capital, LLC. From 2012 to 2018, Mr. Taylor was employed by Alpine as its Head of Municipal Research as well as a portfolio manager. Prior to joining Alpine, Mr. Taylor worked at Barclays Capital as a Vice President in the Global Financial Risk Management group. During the first six years of his career, Mr. Taylor worked at Moody’s Investors Service as a Municipal Credit Analyst. Mr. Taylor has a Bachelor’s degree from Northeastern University.

Lesya Paisley


Start Date

Tenure

Tenure Rank

Mar 07, 2018

2.49

2.5%

Ms. Paisley, CFA, is an Investment Director and Senior Portfolio manager on the North American Fixed Income team. Ms. Paisley is the sector portfolio manager in the taxable municipal market in addition to portfolio management responsibilities in the corporate market. Additionally, Lesya has over ten years of experience in credit research covering a variety of municipal and corporate 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 and is a CFA charter-holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 6.93 0.17