Ultra short municipal income
Maximizing yield potential for your short-term allocation
Designed for investors seeking short-term, tax-efficient income with low duration risk, ultra short municipal income strategies offer a compelling alternative to traditional cash or money market instruments.
By focusing on high-quality, short-maturity municipal bonds, these strategies aim to deliver attractive after-tax income while minimizing interest rate sensitivity. In today’s elevated rate environment, municipal bonds can serve as a flexible, lower-volatility solution for managing liquidity needs without sacrificing yield potential.
Why invest in ultra short municipal income
Cash alternative
Offering an efficient and liquid alternative solution for investors looking to put idle cash to work.
Tax-advantaged income
Seeking high after-tax current income with an emphasis on consistent tax-efficient returns.
Active opportunity set
Targeting municipal market inefficiencies to generate income with disciplined risk management.
Why Aberdeen Investments for ultra short municipal income
We believe inefficiencies within the municipal securities market can create attractive income opportunities, while implementing our disciplined approach to risk and volatility.
Deep expertise
Experienced, skilled US Fixed Income team, with full access to Aberdeen’s global credit platform
Investment process
Focused on credit research to seek out opportunities that offer attractive risk-adjusted returns
Strong track record
Driven by our consistent and repeatable process in varying market conditions*
Nimble size
Nimble size Leveraged by our manageable size as an advantage in today’s liquidity-constrained market.
* As evidenced by our track record compared to the relevant benchmark, Bloomberg Barclays Municipal Bond Index. Please refer to the factsheet linked here for additional, important information regarding the Fund. The factsheet includes performance as of the most recent quarter-end, fund fees and expenses.
Fund Award
LSEG Lipper Fund Awards 2026 US Winner, abrdn Ultra Short Municipal Income Fund (I), Best Short Municipal Debt Fund over 5 years
Learn more about our funds
abrdn Ultra Short Municipal Income Active ETF
Ticker: AMUN
abrdn Ultra Short Municipal Income Fund
Ticker: ATOIX
abrdn Ultra Short Municipal SMA
Here we provide important information about our exchange-traded funds (ETFs), investment strategies, and regulatory disclosures.
abrdn Ultra Short Municipal Income Active ETF (AMUN) and abrdn Ultra Short Municipal Income Fund have similar investment strategies. Despite any similarities, these funds have important differences that investors should consider carefully before investing. To understand these differences and decide which fund is best suited for you, review the prospectuses and consult your investment professional.
(a) Market Risk: Potential losses that may arise from changes in the market conditions which in turn affect the market prices of the investments of the Fund.
(b) Fixed Income Securities Risk: Fixed income securities fluctuate in price based on changes in an issuer’s financial condition and overall market and economic conditions. The value of a fixed income security may also fall due to specific conditions that affect a particular sector of the securities market or a particular issuer. Fixed income securities are subject to, among other risks, credit risk, extension risk, issuer risk, interest rate risk, market risk and prepayment risk.
(c) Active Management Risk: The Fund is subject to the risk that the Adviser or Subadviser may make poor security selections.
(d) Municipal Securities Risk: Municipal bonds can be significantly affected by political and economic changes, including inflation, as well as uncertainties in the municipal market related to taxation, legislative changes, or the rights of municipal security holders.
(e) Yield Risk: The amount of income received by the Fund will go up or down depending on day-to-day variations in short-term interest rates, and when interest rates are very low the Fund’s expenses could absorb all or a significant portion of the Fund’s income. Please read the prospectus for more detailed information regarding these and other risks.