abrdn OEIC abrdn Global Equity Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | 4.0% | 23.3% | -4.0% | 14.6% | 14.4% |
| Sector | 5.4% | 25.9% | -8.8% | 10.8% | 14.9% |
| Rank | 219/404 | 345/441 | 123/481 | 170/523 | 309/546 |
| Quartile | 3 | 4 | 2 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
||
| Fund | 7.9% | 10.0% | 8.9% | |
| Sector | 5.1% | 9.0% | 10.0% | |
| Rank | 119/480 | 174/404 | 151/237 | |
| Quartile | 1 | 2 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MICROSOFT CORP | 4.76 |
| SCHNEIDER ELECTRIC SE | 3.37 |
| ASTRAZENECA | 3.26 |
| LVMH MOET HENNESSY VUITTON | 3.25 |
| BOSTON SCIENTIFIC CORPORATION | 3.20 |
| AMAZON.COM | 3.19 |
| NOVO NORDISK A/S | 3.06 |
| NESTLE S.A. | 2.98 |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 2.97 |
| TJX COS INC | 2.93 |
| Total | 32.97 |
Fund Aims
To generate growth over the long term (5 years or more) by investing in equities (company shares) worldwide.
Performance Target: To achieve the return of the MSCI AC World Index plus 3% per annum over rolling three years periods (before charges). There is no certainty or promise that the Performance Target will be achieved.
The MSCI AC World Index (the "Index") is a representative index of world stock markets.
Fund Manager
Global Equity Team
Fund Overview
| Mid (19/07/2024) | 439.98p |
| Historic yield | 0.70% |
| Fund size (30/04/2023) | £238.07m |
| Number of holdings | 47 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.84% |
| Launch date | 01/11/2007 |
Asset Allocation
| International Equities | 86.72% | |
| UK Equities | 10.22% | |
| Property | 0.81% | |
| Cash and Equivalents | 0.63% | |
| Other Assets | 1.63% |
Commentary
Global equity performance was mixed in March, as markets in the UK and Continental Europe gained on robust merger and acquisition activity, while emerging markets underperformed. Monetary policy around the world continued to be tightened: both the US Federal Reserve and European Central Bank raised interest rates by 0.25%, to 4.75% and 2.50%, respectively; while the Bank of Japan ended its five-year long policy of excess liquidity, a move seen as a precursor to a rate increase. In contrast, the Bank of England kept base rates unchanged. Global bond yields continued to rise, on increased risk aversion, and concerns over persistently strong oil prices. During the month, we took advantage of short-term weakness to add to Japanese mobile operator NTT DoCoMo, as well as Samsung Electronics, the Korean consumer electronics giant. n terms of investment strategy, we continue to favour well-managed companies, which offer strong cashflows and high dividend yields at reasonable valuations.
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 86.72% | |
| UK Equities | 10.22% | |
| Property | 0.81% | |
| Cash and Equivalents | 0.63% | |
| Other Assets | 1.63% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Health Care | 18.50% | - | - | - | |
| Health Care | - | 18.50% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 13.88% | - | |
| Pharmaceuticals | - | - | - | 11.51% | |
| Biotechnology | - | - | - | 2.37% | |
| Medical Equipment & Services | - | - | 4.61% | - | |
| Medical Equipment | - | - | - | 3.20% | |
| Medical Services | - | - | - | 1.41% | |
| Consumer Discretionary | 16.34% | - | - | - | |
| Consumer Products & Services | - | 7.62% | - | - | |
| Personal Goods | - | - | 7.62% | - | |
| Clothing & Accessories | - | - | - | 3.25% | |
| Footwear | - | - | - | 2.40% | |
| Cosmetics | - | - | - | 1.97% | |
| Retail | - | 7.61% | - | - | |
| Retailers | - | - | 7.61% | - | |
| Diversified Retailers | - | - | - | 4.68% | |
| Apparel Retailers | - | - | - | 2.93% | |
| Travel & Leisure | - | 1.12% | - | - | |
| Travel & Leisure | - | - | 1.12% | - | |
| Casinos & Gambling | - | - | - | 1.12% | |
| Industrials | 15.26% | - | - | - | |
| Industrial Goods & Services | - | 13.43% | - | - | |
| Electronic & Electrical Equipment | - | - | 6.83% | - | |
| Electrical Components | - | - | - | 3.37% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.25% | |
| Electronic Equipment: Other | - | - | - | 1.21% | |
| Industrial Support Services | - | - | 4.25% | - | |
| Transaction Processing Services | - | - | - | 4.25% | |
| Industrial Engineering | - | - | 2.36% | - | |
| Machinery: Construction & Handling | - | - | - | 2.36% | |
| Construction & Materials | - | 1.83% | - | - | |
| Construction & Materials | - | - | 1.83% | - | |
| Engineering & Contracting Services | - | - | - | 1.83% | |
| Technology | 13.44% | - | - | - | |
| Technology | - | 13.44% | - | - | |
| Software & Computer Services | - | - | 8.64% | - | |
| Software | - | - | - | 4.76% | |
| Consumer Digital Services | - | - | - | 3.88% | |
| Technology Hardware & Equipment | - | - | 4.80% | - | |
| Semiconductors | - | - | - | 2.97% | |
| Production Technology Equipment | - | - | - | 1.83% | |
| Consumer Staples | 13.40% | - | - | - | |
| Food, Beverage & Tobacco | - | 10.37% | - | - | |
| Beverages | - | - | 5.63% | - | |
| Brewers | - | - | - | 2.89% | |
| Distillers & Vintners | - | - | - | 2.74% | |
| Food Producers | - | - | 4.74% | - | |
| Food Products | - | - | - | 4.74% | |
| Personal Care, Drug & Grocery Stores | - | 3.03% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 3.03% | - | |
| Personal Products | - | - | - | 1.89% | |
| Drug Retailers | - | - | - | 1.14% | |
| Financials | 13.34% | - | - | - | |
| Insurance | - | 6.95% | - | - | |
| Non-life Insurance | - | - | 4.12% | - | |
| Full Line Insurance | - | - | - | 4.12% | |
| Life Insurance | - | - | 2.84% | - | |
| Life Insurance | - | - | - | 2.84% | |
| Financial Services | - | 3.91% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.44% | - | |
| Investment Services | - | - | - | 2.44% | |
| Finance & Credit Services | - | - | 1.47% | - | |
| Financial Data & Systems | - | - | - | 1.47% | |
| Banks | - | 2.48% | - | - | |
| Banks | - | - | 2.48% | - | |
| Banks | - | - | - | 2.48% | |
| Basic Materials | 5.07% | - | - | - | |
| Chemicals | - | 5.07% | - | - | |
| Chemicals | - | - | 5.07% | - | |
| Chemicals: Diversified | - | - | - | 5.07% | |
| Non-Classified | 1.63% | - | - | - | |
| Non-Classified | - | 1.63% | - | - | |
| Non-Classified | - | - | 1.63% | - | |
| Non-Classified | - | - | - | 1.63% | |
| Energy | 1.58% | - | - | - | |
| Energy | - | 1.58% | - | - | |
| Non-Renewable Energy | - | - | 1.58% | - | |
| Integrated Oil & Gas | - | - | - | 1.58% | |
| Real Estate | 0.81% | - | - | - | |
| Real Estate | - | 0.81% | - | - | |
| Real Estate Investment Trusts | - | - | 0.81% | - | |
| Diversified REITs | - | - | - | 0.81% | |
| Cash and Equivalents | 0.63% | - | - | - | |
Regional Allocation
| North America | 37.31% | |
| Developed Europe - Excl UK | 33.40% | |
| UK | 10.22% | |
| Developed Asia | 6.60% | |
| Emerging Asia | 4.97% | |
| Japan | 3.31% | |
| Non-Classified | 1.63% | |
| South & Central America | 1.14% | |
| Property | 0.81% | |
| Cash and Equivalents | 0.63% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.59% | |
| Pound Sterling | 0.02% | |
| Cash | -0.61% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 37.31% | - | |
United States
|
- | 37.31% | |
| Developed Europe - Excl UK | 33.40% | - | |
France
|
- | 9.97% | |
Netherlands
|
- | 6.87% | |
Switzerland
|
- | 6.35% | |
Denmark
|
- | 4.40% | |
Ireland
|
- | 3.45% | |
Sweden
|
- | 2.36% | |
| UK | 10.22% | - | |
United Kingdom
|
- | 10.22% | |
| Developed Asia | 6.60% | - | |
Hong Kong
|
- | 4.12% | |
Singapore
|
- | 2.48% | |
| Emerging Asia | 4.97% | - | |
Taiwan
|
- | 2.97% | |
India
|
- | 2.00% | |
| Japan | 3.31% | - | |
Japan
|
- | 3.31% | |
| Non-Classified | 1.63% | - | |
| South & Central America | 1.14% | - | |
Brazil
|
- | 1.14% | |
| Property | 0.81% | - | |
| Cash and Equivalents | 0.63% | - | |
Breakdown By Market Cap (%)
| Mega |
|
82.61% |
| Large |
|
6.66% |
| Medium |
|
4.07% |
| Non-Classified |
|
6.03% |
| Cash |
|
0.63% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MICROSOFT CORP | 4.76% | Software & Computer Services | United States |
| 2 | SCHNEIDER ELECTRIC SE | 3.37% | Electronic & Electrical Equipment | France |
| 3 | ASTRAZENECA | 3.26% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | LVMH MOET HENNESSY VUITTON | 3.25% | Personal Goods | France |
| 5 | BOSTON SCIENTIFIC CORPORATION | 3.20% | Medical Equipment & Services | United States |
| 6 | AMAZON.COM | 3.19% | Retailers | United States |
| 7 | NOVO NORDISK A/S | 3.06% | Pharmaceuticals & Biotechnology | Denmark |
| 8 | NESTLE S.A. | 2.98% | Food Producers | Switzerland |
| 9 | TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 2.97% | Technology Hardware & Equipment | Taiwan |
| 10 | TJX COS INC | 2.93% | Retailers | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 13.44% | - | - | - | - | - | - | 13.44% |
| Financials | - | 13.34% | - | - | - | - | - | - | 13.34% |
| Real Estate | - | - | - | - | - | 0.81% | - | - | 0.81% |
| Consumer Discretionary | - | 16.34% | - | - | - | - | - | - | 16.34% |
| Consumer Staples | 2.74% | 10.66% | - | - | - | - | - | - | 13.40% |
| Energy | - | 1.58% | - | - | - | - | - | - | 1.58% |
| Health Care | 5.51% | 12.99% | - | - | - | - | - | - | 18.50% |
| Industrials | - | 15.26% | - | - | - | - | - | - | 15.26% |
| Basic Materials | 1.97% | 3.11% | - | - | - | - | - | - | 5.07% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.63% | 0.63% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 3168273 |
| Mex Code | AFAMC |
| Isin Code | GB0031682734 |
| Citi Code | BAG9 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.84% |
Aims and Benchmark
| Aims | To generate growth over the long term (5 years or more) by investing in equities (company shares) worldwide. Performance Target: To achieve the return of the MSCI AC World Index plus 3% per annum over rolling three years periods (before charges). There is no certainty or promise that the Performance Target will be achieved. The MSCI AC World Index (the "Index") is a representative index of world stock markets. |
| Benchmark | MSCI AC World Index |
| Benchmark Category | - |
| IA Sector | Global |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £10.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 30 April |
| 01 August | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Citibank |
| Fund Administrator | Citibank |
| Fund Registrar | SS&C Financial Services Europe Limited |
| Fund Custodian | Citibank |
Group Details
| Group name | abrdn OEIC |
| Group address | Aberdeen Standard Fund Managers Limited PO BOX 12233 Chelmsford CM99 2EE |
| Group telephone | 0800 33 33 53 |
| Dealing telephone | 0800 33 33 53 |
| investments_marketline@standardlife.com | |
| Homepage | www.aberdeenstandard.com |
| Fax number | 0131 525 9720 |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £10000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 3.36 |
| Beta | 0.92 |
| Sharpe | 0.41 |
| Standard Deviation | 10.76 |
| Info Ratio | 0.62 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.