- What does ATOAX invest in?
- The Aberdeen Ultra Short Municipal Income Fund - Class A primarily invests its capital in a blend of tax-exempt municipal obligations, though it also incorporates some taxable debt instruments. Under typical market conditions, a minimum of 80% of its net assets are allocated to these tax-free securities. A defining feature of the fund is its short-duration profile, with the average maturity of its portfolio holdings, at the time of initial purchase, not exceeding two years. Furthermore, all the securities acquired by the fund must hold an investment-grade credit rating from recognized agencies upon acquisition, or, if unrated, be deemed of comparable quality by the Fund's Adviser.
- What is the expense ratio of ATOAX?
- Aberdeen Ultra Short Municipal Income Fund - Class A (ATOAX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ATOAX's dividend yield?
- ATOAX's trailing-twelve-month yield is 2.46%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ATOAX?
- Effective duration measures ATOAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ATOAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ATOAX?
- ATOAX'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 ATOAX?
- Yield to maturity (YTM) is the total return you'd earn from ATOAX if every bond in the portfolio is held to maturity at the current price. ATOAX'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.
