abrdn Intermediate Municipal Income Fund Institutional Class is an open-ended mutual fund that focuses on generating a high level of tax-exempt income for investors, primarily through investments in U.S. municipal bonds. The fund targets intermediate maturities and typically allocates at least 80% of its assets to securities that are exempt from federal income tax, such as municipal obligations issued by states, U.S. territories, and their political subdivisions including counties and cities. This fund is particularly notable for its emphasis on investment-grade fixed income securities, although it operates within the high yield municipal category, indicating selective exposure to higher-yielding, lower-rated municipal bonds to enhance income potential while managing risk. Managed by Aberdeen Asset Management, the fund employs in-depth bottom-up security selection, using rigorous fundamental analysis to evaluate credit quality, relative value, and sector opportunities within the municipal bond market. With a track record dating back to 1986, the fund serves institutional investors seeking both stable income and preservation of capital, making it relevant for portfolios that aim to balance municipal bond exposure with a focus on tax efficiency and intermediate-term risk profiles.
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