---
ticker: "AMUN"
name: "abrdn Ultra Short Municipal Income Active ETF"
url: "https://etf.net/etf/AMUN"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "27 of 28"
methodology: "https://etf.net/methodology"
---

# AMUN: abrdn Ultra Short Municipal Income Active ETF

Grade **C**, Score 40 of 100. Rank 27 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 28 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 40 | 21 of 27 |
| Tradability | 28 | 22 of 28 |
| Holdings | 30 | 26 of 28 |
| Durability | 55 | 17 of 28 |

## Top holdings

The fund holds 70 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Pennsylvania St Hgr Eductnl Fa Pashgr 09/45 Adjustable Var | 3.96% |
| 2 | — | Chicago Il Wtrwks Revenue Chiwtr 11/27 Fixed 5 | 3.88% |
| 3 | — | Jp Morgan Chase Putters/Driver Jpm 03/27 Adjustable Var | 3.79% |
| 4 | — | Cumberland Cnty Nc Indl Facs Cumpol 12/27 Adjustable Var | 3.49% |
| 5 | — | Southeast Energy Auth Al Commo Seepwr 05/53 Adjustable Var | 3.48% |
| 6 | — | Chandler Az Indl Dev Auth Indl Chadev 09/52 Adjustable Var | 3.45% |
| 7 | — | Tndr Opt Fltr BAP0002 12/27 1 | 3.44% |
| 8 | — | Newark Nj Nwk 05/27 Fixed 4.25 | 3.43% |
| 9 | — | Johnson City Ny Joh 06/27 Fixed 4 | 3.43% |
| 10 | — | Poughkeepsie City Ny Pou 04/27 Fixed 3.5 | 3.42% |
| 11 | — | Texas St Muni Gas Acquisition Txsutl 12/26 Fixed 5.25 | 3.20% |
| 12 | — | Mississippi St Business Fin Co Mssdev 11/32 Adjustable Var | 2.82% |
| 13 | — | California St Poll Control Fin Caspol 07/43 Adjustable Var | 2.57% |
| 14 | — | Harris Cnty Tx Cultural Edu Fa Harmed 11/46 Adjustable Var | 2.54% |
| 15 | — | Bartow Cnty Ga Dev Auth Solid Btwpol 11/62 Adjustable Var | 2.07% |
| 16 | — | Connecticut St Hlth Eductnl Ctsmed 07/27 Fixed 5 | 1.95% |
| 17 | — | Mississippi St Business Fin Co Mssdev 12/27 Adjustable Var | 1.89% |
| 18 | — | Ohio St Air Quality Dev Auth Ohsdev 11/39 Adjustable Var | 1.79% |
| 19 | — | Texas St Muni Gas Acquisition Tgautl 01/28 Fixed 5 | 1.76% |
| 20 | — | Main Street Natural Gas Inc Ga Maiutl 05/27 Fixed 5 | 1.73% |
| 21 | — | Burke Cnty Ga Dev Auth Poll Co Burpol 07/49 Adjustable Var | 1.72% |
| 22 | — | Indiana St Fin Auth Envrnmntl Insenv 08/30 Adjustable Var | 1.72% |
| 23 | — | Houston Tx Arpt Sys Revenue Houapt 07/27 Fixed 5 | 1.72% |
| 24 | — | Elmira City Ny Emc 12/26 Fixed 4 | 1.72% |
| 25 | — | California St Poll Control Fin Caspol 11/42 Adjustable Var | 1.72% |
| 26 | — | California St Muni Fin Auth So Caspol 12/44 Adjustable Var | 1.72% |
| 27 | — | Weehawken Twp Nj Wee 08/27 Fixed 3.75 | 1.71% |
| 28 | — | Glen Cove Ny Glc 06/27 Fixed 3.55 | 1.71% |
| 29 | — | Main Street Natural Gas Inc Ga Maiutl 05/52 Adjustable Var | 1.71% |
| 30 | — | Blackstone Ma Bla 07/27 Fixed 4 | 1.71% |

Source: etf.net, https://etf.net/etf/AMUN. Please cite the page URL.