Aberdeen Intermediate Municipal Income Fund Class A (NTFAX)

Overview

The fund is an investment platform that strategically allocates its resources to secure high-quality, tax-exempt municipal obligations. With a focus on investment-grade fixed income securities, it channels at least 80% of its net assets (inclusive of any borrowings intended for investment purposes) towards securing municipal obligations that offer tax-exempt benefits. The fundamental aim of the fund is to provide investors with a steady stream of income that is free from U.S. federal income tax. The securities that the fund invests in are primarily issued by a variety of municipal entities, including states, U.S. territories, and political subdivisions like counties, cities, and towns. By doing so, the fund not only extends financial support to these municipal entities for their projects and initiatives but also provides an investment avenue that is attractive for those looking to optimize their tax-adjusted returns.

Products and Services

• Investment Grade Fixed Income Securities

  The fund dedicates a significant portion of its portfolio to investment grade fixed income securities that are recognized for their high credit quality. These securities represent a lower risk of default and are therefore considered a stable and reliable investment. Their investment grade status makes them an appealing choice for conservative investors seeking steady returns with reduced risk.

• Tax-Exempt Municipal Obligations

  Focused on maximizing the tax efficiency of its investors, the fund invests in municipal obligations that offer tax-exempt interest. These include bonds and other forms of debt issued by state, territorial, and local governments in the United States. By investing in these tax-exempt municipal obligations, the fund aims to provide investors with a source of income that is not subject to U.S. federal income tax, thus enhancing the after-tax return on their investments.