abrdn Ultra Short Municipal Income Active ETF

Frequently Asked Questions About AMUN

What does AMUN invest in?

AMUN seeks high after-tax income by investing primarily in investment-grade, tax-exempt municipal securities. The fund maintains an ultra-short duration profile, typically two years or less, to help reduce interest rate sensitivity. The portfolio may include various types of municipal obligations such as general obligation and revenue bonds, variable- and floating-rate issues, and tender option bonds. Up to 20% of assets may be allocated to below-investment-grade securities, while the fund may also invest in taxable fixed income if market conditions warrant it. The adviser uses sector allocation, credit analysis, and duration management to evaluate opportunities and balance income potential with risk. ESG factors may be considered as part of the research process. The ETF launched through a mutual fund conversion. The abrdn Intermediate Municipal Income Fund converted to AMUN with $29.9 million in assets.

What is the expense ratio of AMUN?

abrdn Ultra Short Municipal Income Active ETF (AMUN) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

What is AMUN's dividend yield?

AMUN's trailing-twelve-month yield is 2.13%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of AMUN?

Effective duration measures AMUN's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AMUN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of AMUN?

AMUN's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of AMUN?

Yield to maturity (YTM) is the total return you'd earn from AMUN if every bond in the portfolio is held to maturity at the current price. AMUN's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.