abrdn Ultra Short Municipal Income Active ETF (AMUN)

The abrdn Ultra Short Municipal Income Active ETF (AMUN) is an actively managed fixed income fund sponsored by abrdn. Its objective is to provide current income that is generally exempt from federal income tax while seeking to preserve capital and limit sensitivity to interest-rate changes.

The fund invests mainly in municipal securities issued by U.S. states, cities and other local government entities, keeping the portfolio's overall duration very short. Holdings can include short-term municipal notes, variable-rate demand obligations and longer bonds with short effective maturities.

Portfolio managers select securities based on credit research and yield considerations rather than tracking an index.