Aberdeen Ultra Short Municipal Inc A
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
0.0%
3 Yr Avg Return
0.7%
5 Yr Avg Return
0.8%
Net Assets
$989 M
Holdings in Top 10
33.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 299.40%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Muni National Short
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
ATOAX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.72%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAberdeen Ultra Short Municipal Income Fund
-
Fund Family NameAberdeen
-
Inception DateMar 30, 2004
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJonathan 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 (%) |
|---|---|---|---|---|
| YTD | 0.0% | -88.5% | 100.3% | 22.25% |
| 1 Yr | 0.0% | -20.5% | 20.4% | 95.84% |
| 3 Yr | 0.7%* | -6.2% | 10.4% | 99.09% |
| 5 Yr | 0.8%* | -3.5% | 6.8% | 98.51% |
| 10 Yr | 0.6%* | -0.2% | 8.7% | 99.20% |
* Annualized
Return Ranking - Calendar
| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.0% | -91.1% | 310.0% | 79.89% |
| 2019 | 0.1% | -79.8% | 15.4% | 88.35% |
| 2018 | N/A | -72.6% | 97.2% | N/A |
| 2017 | N/A | -100.0% | 7.6% | N/A |
| 2016 | N/A | -35.9% | 96.8% | N/A |
Total Return Ranking - Trailing
| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -88.5% | 100.4% | 22.30% |
| 1 Yr | 0.0% | -24.2% | 24.2% | 64.85% |
| 3 Yr | 0.7%* | -7.0% | 11.7% | 94.38% |
| 5 Yr | 0.8%* | -4.0% | 6.8% | 93.56% |
| 10 Yr | 0.6%* | -0.6% | 8.7% | 99.01% |
* Annualized
Total Return Ranking - Calendar
| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.0% | -91.1% | 310.0% | 79.89% |
| 2019 | 0.1% | -79.8% | 15.4% | 88.35% |
| 2018 | N/A | -72.6% | 11.0% | N/A |
| 2017 | N/A | -100.0% | 7.6% | N/A |
| 2016 | N/A | -35.9% | 3.0% | N/A |
NAV & Total Return History
ATOAX - Holdings
Concentration Analysis
| ATOAX | Category Low | Category High | ATOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 989 M | 878 K | 87.9 B | 31.72% |
| Number of Holdings | 138 | 1 | 12437 | 53.17% |
| Net Assets in Top 10 | 349 M | -308 M | 3.93 B | 7.54% |
| Weighting of Top 10 | 33.19% | 2.3% | 100.0% | 35.68% |
Top 10 Holdings
- MISSISSIPPI BUSINESS FIN CORP MISS REV 1.53% 5.90%
- MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 0.12% 4.56%
- MARYLAND INDL DEV FING AUTH PORT FACS REV 1.5% 4.03%
- MISSION TEX ECONOMIC DEV CORP SOLID WASTE DISP REV 0.2% 3.99%
- INDIANA ST FIN AUTH ENVIRONMENTAL REV 0.1% 3.61%
- CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 0.45% 3.10%
- COLUMBIA ALA INDL DEV BRD REV 0.22% 2.95%
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.12% 2.89%
- TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.13% 2.69%
- LOUISVILLE KY REGL ARPT AUTH SPL FACS REV 0.15% 2.41%
Asset Allocation
| Weighting | Return Low | Return High | ATOAX % Rank | |
|---|---|---|---|---|
| Bonds | 93.66% | 46.14% | 145.79% | 87.92% |
| Cash | 6.34% | -45.79% | 53.86% | 12.09% |
| Stocks | 0.00% | -1.11% | 3.02% | 26.78% |
| Preferred Stocks | 0.00% | -3.40% | 1.04% | 21.63% |
| Other | 0.00% | -9.70% | 30.00% | 23.23% |
| Convertible Bonds | 0.00% | -0.02% | 1.09% | 21.71% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ATOAX % Rank | |
|---|---|---|---|---|
| Municipal | 92.76% | 46.14% | 100.00% | 88.90% |
| Cash & Equivalents | 7.24% | 0.00% | 53.86% | 10.45% |
| Derivative | 0.00% | 0.00% | 1.12% | 21.63% |
| Securitized | 0.00% | 0.00% | 8.03% | 22.82% |
| Corporate | 0.00% | 0.00% | 11.97% | 34.62% |
| Government | 0.00% | 0.00% | 50.79% | 26.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ATOAX % Rank | |
|---|---|---|---|---|
| US | 93.66% | 0.00% | 141.11% | 77.55% |
| Non US | 0.00% | 0.00% | 100.00% | 69.89% |
ATOAX - Expenses
Operational Fees
| ATOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.04% | 4.23% | 35.91% |
| Management Fee | 0.50% | 0.00% | 1.60% | 76.62% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 41.67% |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
| ATOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | 86.16% |
| 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% | 1.00% | 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 | 299.40% | 0.00% | 314.00% | 99.82% |
ATOAX - Distributions
Dividend Yield Analysis
| ATOAX | Category Low | Category High | ATOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 35.27% | 33.07% |
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 | 0.72% | -0.53% | 24.00% | 96.46% |
Capital Gain Distribution Analysis
| ATOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jun 28, 2019 | $0.011 |
| May 31, 2019 | $0.011 |
| Apr 30, 2019 | $0.016 |
| Mar 31, 2019 | $0.011 |
| Feb 28, 2019 | $0.011 |
| Jan 31, 2019 | $0.011 |
| Dec 31, 2018 | $0.012 |
| Nov 30, 2018 | $0.011 |
| Oct 31, 2018 | $0.011 |
| Aug 31, 2018 | $0.010 |
| Jul 31, 2018 | $0.008 |
| Jun 29, 2018 | $0.009 |
| May 31, 2018 | $0.010 |
ATOAX - Fund Manager Analysis
Managers
Jonathan Mondillo
Start Date
Tenure
Tenure Rank
Feb 27, 2015
6.59
6.6%
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
5.59
5.6%
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.
Miguel Laranjeiro
Start Date
Tenure
Tenure Rank
Dec 31, 2016
4.75
4.8%
Miguel Laranjeiro is an Investment Manager at Aberdeen Standard Investments. Miguel is responsible for municipal credit analysis in the high yield sector as well as high grade tax backed sectors. Miguel joined Aberdeen Standard Investments in 2018 from Alpine Woods Capital Investors where he was focused on credit analysis in the Public Finance sector for Alpine's two municipal funds, Alpine Ultra Short Municipal Income Fund (ATOIX) and Alpine High Yield Managed Duration Fund (AHYMX). Previously, Miguel worked for Thomson Reuters as an analyst focused primarily on Fundamentals Analysis in the Emerging Markets sectors.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.06 | 36.52 | 7.22 | 0.91 |