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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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| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | 0.0% | 18.2% | 99.33% |
| 1 Yr | 0.1% | -4.1% | 14.2% | 97.75% |
| 3 Yr | N/A* | -3.1% | 9.2% | N/A |
| 5 Yr | N/A* | -14.9% | 3.6% | N/A |
| 10 Yr | N/A* | -8.7% | 6.5% | N/A |
* Annualized
| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | N/A | -13.7% | 6.9% | N/A |
| 2017 | N/A | -6.5% | 21.2% | N/A |
| 2016 | N/A | -58.1% | 8.6% | N/A |
| 2015 | N/A | -24.0% | 2.6% | N/A |
| 2014 | N/A | -60.4% | 83.0% | N/A |
| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | 0.0% | 18.2% | 99.33% |
| 1 Yr | 0.1% | -4.1% | 14.2% | 97.97% |
| 3 Yr | N/A* | -3.1% | 9.2% | N/A |
| 5 Yr | N/A* | -14.9% | 5.7% | N/A |
| 10 Yr | N/A* | -8.7% | 7.0% | N/A |
* Annualized
| Period | ATOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | N/A | -13.7% | 6.9% | N/A |
| 2017 | N/A | -6.5% | 27.0% | N/A |
| 2016 | N/A | -58.1% | 10.7% | N/A |
| 2015 | N/A | -14.6% | 4.2% | N/A |
| 2014 | N/A | -60.4% | 83.0% | N/A |
| ATOAX | Category Low | Category High | ATOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 906 M | 701 K | 241 B | 42.71% |
| Number of Holdings | 117 | 1 | 17358 | 77.99% |
| Net Assets in Top 10 | 279 M | -179 M | 23.7 B | 30.18% |
| Weighting of Top 10 | 30.36% | 2.5% | 212.7% | 29.89% |
| Weighting | Return Low | Return High | ATOAX % Rank | |
|---|---|---|---|---|
| Bonds | 96.68% | 80.17% | 129.72% | 59.19% |
| Cash | 3.32% | -37.85% | 22.95% | 32.20% |
| Stocks | 0.00% | -14.50% | 14.08% | 29.85% |
| Preferred Stocks | 0.00% | -1.25% | 4.10% | 34.07% |
| Other | 0.00% | -16.03% | 27.53% | 28.39% |
| Convertible Bonds | 0.00% | 0.00% | 6.30% | 55.42% |
| Weighting | Return Low | Return High | ATOAX % Rank | |
|---|---|---|---|---|
| Municipal | 96.34% | 0.00% | 106.42% | 34.69% |
| Cash & Equivalents | 3.66% | -37.85% | 22.95% | 29.30% |
| Derivative | 0.00% | -24.73% | 33.80% | 28.17% |
| Securitized | 0.00% | 0.00% | 141.25% | 65.31% |
| Corporate | 0.00% | -1.23% | 99.47% | 69.60% |
| Government | 0.00% | -74.40% | 115.78% | 66.08% |
| Weighting | Return Low | Return High | ATOAX % Rank | |
|---|---|---|---|---|
| US | 96.68% | 66.38% | 150.14% | 35.90% |
| Non US | 0.00% | -43.03% | 26.38% | 85.35% |
| ATOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.92% | 0.00% | 209.96% | 37.15% |
| Management Fee | 0.50% | 0.00% | 1.25% | 83.55% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.99% |
| Administrative Fee | N/A | 0.00% | 0.63% | N/A |
| ATOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 0.50% | 0.00% | 5.75% | 99.64% |
| Deferred Load | N/A | 0.00% | 5.50% | N/A |
| ATOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 0.25% | 0.25% | 2.00% | 98.48% |
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 | 177.63% | 0.00% | 1856.00% | 88.17% |
| ATOAX | Category Low | Category High | ATOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.04% | 0.00% | 96.14% | 74.73% |
| ATOAX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| 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 | Category Low | Category High | ATOAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.08% | -0.18% | 4.99% | 96.36% |
| ATOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Manager
Start Date
Tenure
Tenure Rank
Feb 27, 2015
4.51
4.5%
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.
Manager
Start Date
Tenure
Tenure Rank
Feb 29, 2016
3.5
3.5%
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.
Manager
Start Date
Tenure
Tenure Rank
Mar 07, 2018
1.48
1.5%
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
0.0
Category High
39.94
Category Average
7.49
Category Mode
7.29
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
