GTICX — Aberdeen Tax-Free Income Fund
Data updated: 2025-09-25
GTICX — Aberdeen Tax-Free Income Fund. Long Municipal - National Bond · $37.97M AUM · 1.50% expense ratio. Holdings, fees, performance and SEC filings.
GTICX Fund Overview
GTICX — Aberdeen Tax-Free Income Fund is a US mutual fund managed by abrdn Funds, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: abrdn Funds
- Category: Long Municipal - National Bond
- Assets under management: $37.97M
- 1-year return: 0.1%
- Ticker: GTICX
- SEC CIK: 0001413594
- SEC series ID: S000020313
- Share class ID: C000057072
GTICX Investment Objective and Strategy
Aberdeen Tax-Free Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by abrdn Funds.
Investment objective
The Aberdeen Tax-Free Income Fund (the Tax-Free Income Fund or the Fund) seeks a high level of current income that is exempt from federal income taxes.
Principal investment strategy
As a fundamental policy, under normal circumstances, the Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in investment grade fixed income securities that qualify as tax-exempt municipal obligations. These obligations are issued by states, U.S. territories and their political subdivisions, such as counties, cities and towns. For purposes of the Funds 80% policy, the Fund may, but is not required to, sell a security whose rating falls below investment grade. The Fund may invest in specific types of municipal obligations, including tax-exempt zero-coupon securities, auction rate securities and floating- and variable-rate bonds. Up to 20% of the Funds net assets may be invested in municipal securities whose interest income is treated as a preference item for purposes of the federal alternative minimum tax.
Additionally, up to 20% of the Funds net assets may be invested in fixed income securities that qualify as tax-exempt municipal obligations that are considered below investment grade (sometimes referred to as junk bonds or high yield securities). A bond is considered below investment grade if rated below investment grade by Moodys Investors Services, Inc. (Moodys) (below Baa3), Standard & Poors Rating Services (S&P) (below BBB-), or Fitch, Inc. (Fitch) (below BBB-) or, if unrated, determined by the Adviser to be of comparable quality. In the event that a security receives different ratings from different nationally recognized statistical rating organizations (NRSROs), the Adviser will treat the security as being rated in the lowest rating category received from an NRSRO. In selecting securities for the Fund, the Adviser employs an opportunistic approach that takes advantage of changing market conditions.
The Advisers process focuses on credit market, sector, security and yield curve analysis. The Fund may invest in securities of any maturity. A security may be sold to take advantage of more favorable opportunities. The Fund may invest in derivative instruments. Derivative instruments may be used for hedging purposes and for gaining risk exposures to securities that are permitted investments for the Fund. Derivative instruments may also be used to adjust the interest rate, yield curve, credit and spread risk exposure of the Fund. The Fund invests in, but is not limited to, the following derivative instruments: municipal credit default swaps (MCDS) (both single name MCDS and municipal credit default index swaps) and interest rate swaps and futures. MCDS may be used to adjust the Funds exposure to the industry sector and/or sell/buy protection on the credit risk of individual issuers or a basket of individual issuers.
MCDS may also be used as a substitute for purchasing or selling securities or for non-hedging purposes to seek to enhance potential gains. Interest rate swaps are primarily used to manage the Funds interest rate exposure. In complying with the minimum and maximum investment limitations set forth above, the Fund may include investments in derivatives with an underlying asset with economic characteristics similar to the investments included in such limitation.
GTICX Holdings
Top 10 holdings of Aberdeen Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mississippi St Business Fin Corp. | 4.58% |
| New Jersey St Transprtn Trust Fund Auth | 3.14% |
| Connecticut St Hlth & Eductnl Facs Auth Rev | 3.01% |
| Harris Cnty Tx Cultural Edu Facs Fin Corp. Revenue | 2.82% |
| California Cmnty Choice Fing Auth Clean Energy Proj Revenue | 2.75% |
| Public Fin Auth Wi Edu Revenue | 2.64% |
| Nassau Cnty Ny Local Econ Assistance Corp. Revenue | 2.64% |
| Matagorda Cnty Tx Nav Dist #1 | 2.63% |
| Met Nashville Tn Arpt Auth Arpt Revenue | 2.62% |
| Indiana St Fin Auth Student Hsg Revenue | 2.61% |
GTICX Portfolio Allocation
Asset-class allocation of Aberdeen Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 101.5% |
GTICX Performance
Total returns for GTICX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.1% |
| 3 years (annualised) | -0.2% |
GTICX Risk Information
Risk metrics for GTICX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.7%
GTICX Costs and Fees
GTICX costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 1.91%
- Portfolio turnover: 71%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
GTICX Cashflows
Over the 12 months to 2025-07, Aberdeen Tax-Free Income Fund had net outflows of $4.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$2.88M |
| 2025-06 | −$301.41K |
| 2025-05 | −$181.47K |
| 2025-04 | −$263.69K |
| 2025-03 | −$198.67K |
| 2025-02 | −$356.46K |
GTICX Debt Constituents
Largest debt holdings of Aberdeen Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Mississippi St Business Fin Corp. | 4.58% |
| New Jersey St Transprtn Trust Fund Auth | 3.14% |
| Connecticut St Hlth & Eductnl Facs Auth Rev | 3.01% |
| Harris Cnty Tx Cultural Edu Facs Fin Corp. Revenue | 2.82% |
| California Cmnty Choice Fing Auth Clean Energy Proj Revenue | 2.75% |
| Public Fin Auth Wi Edu Revenue | 2.64% |
| Nassau Cnty Ny Local Econ Assistance Corp. Revenue | 2.64% |
| Matagorda Cnty Tx Nav Dist #1 | 2.63% |
| Met Nashville Tn Arpt Auth Arpt Revenue | 2.62% |
| Indiana St Fin Auth Student Hsg Revenue | 2.61% |
GTICX Prospectus and SEC Filings
Official Aberdeen Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-29
- Prospectus supplement (497) — filed 2024-03-05
- Portfolio holdings (N-PORT) — filed 2025-09-25
- Portfolio holdings (N-PORT) — filed 2025-06-13
- Portfolio holdings (N-PORT) — filed 2025-04-01
- Annual census (N-CEN) — filed 2025-01-13
- Annual census (N-CEN) — filed 2024-01-16
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.