# Aberdeen Ultra Short Municipal Income Fund - Class A (ATOAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/atoax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: abrdn · Asset class: Bond - Strategy: Leveraged · Inception: 2004-03-30 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 agenc... ## Key Facts | Metric | Value | |---|---| | Price | $10.08 | | Expense Ratio | 0.70% | | Assets Under Management | $1.19B | | NAV | $10.08 | | Holdings Count | — | | Distribution Yield (TTM) | 2.43% | | Annual Distribution (TTM) | $0.25 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.07 – $10.09 | | Beta | 0.01 | ## Latest Distribution - Amount: $0.0222 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 2.43%, 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. ### Does ATOAX pay a dividend? Yes, Aberdeen Ultra Short Municipal Income Fund - Class A (ATOAX) distributes dividends to shareholders. The trailing-twelve-month yield is 2.43%. Full dividend history is on this page. ### How often does ATOAX pay dividends? Aberdeen Ultra Short Municipal Income Fund - Class A pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is ATOAX's next ex-dividend date? The most recently announced ex-dividend date for ATOAX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will ATOAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.70% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ATOAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ATOAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ATOAX cost more than a fund like VOO? ATOAX is a leveraged fund (current expense ratio 0.70%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to ATOAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ATOAX (0.70%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/atoax - Distribution history: https://www.dividenddata.com/funds/atoax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/atoax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/atoax/expenses - Peer comparison: https://www.dividenddata.com/funds/atoax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.