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Aberdeen Tax Free Income Fund
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Investment Objective
The Fund seeks as high a level of current income that is exempt from federal income taxes as is consistent with preserving capital by investing in investment grade municipal obligations.*
Investment Strategy
The Fund invests in investment grade fixed-income securities that qualify as municipal obligations.
Holdings
TOP HOLDINGS (all classes) as of 04/30/2013
View detailed list of holdings
| Holding | Percent | |
|---|---|---|
| TX HARRIS HLTH-B-SCH HLT | 6.32% | |
| PA TPK COMMN REF-A | 4.50% | |
| TX TEXAS-TRN-MOBILITY | 2.57% | |
| NY ST DORM-RZEDB | 2.45% | |
| IN TOLL RD COMMN TOLL | 2.44% | |
| TX FORT BEND INDPT SD | 2.44% | |
| CA UNIV CONNECTICUT | 2.40% | |
| MA MASSACHUSETTS STATE | 2.18% | |
| WASHINGTON-VAR PURP-C | 2.13% | |
| NJ NH HLTH UNIV SYS-A | 2.08% |
Risk Considerations
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated) and call (some bonds allow the issuer to call a bond for redemption before it matures).
Derivatives are speculative and may hurt the Fund’s performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the derivative is linked changes in unexpected ways.
Please read the prospectus for more detailed information regarding these risks.
*State and local taxes may apply.
Key Facts
Class A Inception Date
May 11, 1998
Ticker
| Class A | NTFAX |
| Class C | GTICX |
| Class R | ABERX |
| Institutional** | ABEIX |
| Inst. Svc.** | ABESX |
CUSIP
| Class A | 003020161 |
| Class C | 003020146 |
| Class R | 003022100 |
| Institutional** | 003022209 |
| Inst. Svc.** | 003022308 |
Redemption Fee
2.00% applied within 7 Days
Minimum Initial Investment
$1,000 Classes A, C
$1,000 IRA: Classes A, C
$1,000,000 Institutional**
$1,000,000 Inst. Svc.**
Total Net Assets (all classes)
as of April 30, 2013
$12.0 million
** Only certain investors are eligible to purchase shares of these classes.