abrdn OEIC abrdn UK Smaller Companies Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 8.6% | 23.5% | -29.4% | -13.3% | 19.3% |
| Sector | 6.1% | 26.2% | -21.2% | -6.6% | 14.9% |
| Rank | 19/41 | 32/41 | 37/42 | 39/43 | 9/43 |
| Quartile | 2 | 4 | 4 | 4 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -9.9% | -0.4% | 7.7% | |
| Sector | -5.5% | 2.5% | 6.5% | |
| Rank | 38/42 | 38/41 | 11/36 | |
| Quartile | 4 | 4 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| XPS PENSIONS GROUP | 4.67 |
| JTC | 3.94 |
| CRANSWICK | 3.31 |
| GAMMA COMMUNICATIONS | 3.20 |
| HILL & SMITH | 3.18 |
| MORGAN SINDALL GROUP | 3.18 |
| HILTON FOOD GROUP | 3.14 |
| AJ BELL | 2.97 |
| CAIRN HOMES | 2.96 |
| COATS GROUP | 2.93 |
| Total | 33.48 |
Fund Aims
To generate growth over the long term (5 years or more) by investing in UK small-capitalisation equities (company shares).
Performance Target: To achieve the return of the Deutsche Numis Smaller Companies Plus AIM ex Investment Companies Index plus 3% per annum (before charges). There is no certainty or promise that they will achieve the Performance Target.
Performance Comparator: Investment Association UK Smaller Companies Equity Sector Average.
The Deutsche Numis Smaller Companies Plus AIM ex Investment Companies Index (the "Index") is a representative index of the UK stock market of smaller companies.
Fund Manager
TBC
Abby is responsible for the management of the UK Opportunities Fund, the Standard Life UK Smaller Companies Pension Fund and is joint manager of the Bothwell UK Equity Smaller Companies Fund. Abby joined Standard Life Investments’ UK Equity Team (now Aberdeen Standard Investments) in February 2013 before joining the Smaller Companies Team in January 2016. Prior to this she worked at Kames Capital (previously Aegon Asset Management) where she was a Graduate Trainee Investment Manager. Her coverage over that period included a range of sectors such as Technology Hardware and Software, Food Retail, Small Cap Healthcare, Paper and Packaging and Online Gaming. Abby. Abby has 10 years of experience in the industry, four of which are at Standard Life Investments.
Harry Nimmo graduated with an MBA from Edinburgh University in 1984 and joined Standard Life as an Investment Analyst with responsibility for UK equity funds in 1985. He became Senior Investment Analyst with sector responsibility for larger UK quoted company funds in 1990 and Investment Manager in 1993 responsible for the UK equity smaller (quoted) company funds. Harry became Fund Manager for the Standard Life Investments UK Smaller Companies Fund when it was launched in January 1997.
Fund Overview
| Mid (20/12/2024) | 975.60p |
| Historic yield | 1.86% |
| Fund size (31/10/2024) | £934.99m |
| Number of holdings | 47 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
| Launch date | 20/09/1998 |
Asset Allocation
| UK Equities | 85.75% | |
| International Equities | 4.92% | |
| Cash and Equivalents | 4.78% | |
| Property | 2.31% | |
| Other Assets | 2.24% |
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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 85.75% | |
| International Equities | 4.92% | |
| Cash and Equivalents | 4.78% | |
| Property | 2.31% | |
| Other Assets | 2.24% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 25.09% | - | - | - | |
| Industrial Goods & Services | - | 17.09% | - | - | |
| Industrial Support Services | - | - | 8.51% | - | |
| Industrial Suppliers | - | - | - | 4.83% | |
| Transaction Processing Services | - | - | - | 1.96% | |
| Professional Business Support Services | - | - | - | 1.37% | |
| Business Training & Employment Agencies | - | - | - | 0.36% | |
| General Industrials | - | - | 2.93% | - | |
| Diversified Industrials | - | - | - | 2.93% | |
| Electronic & Electrical Equipment | - | - | 2.51% | - | |
| Electrical Components | - | - | - | 2.51% | |
| Aerospace & Defence | - | - | 1.63% | - | |
| Defense | - | - | - | 1.63% | |
| Industrial Transportation | - | - | 1.51% | - | |
| Marine Transportation | - | - | - | 1.51% | |
| Construction & Materials | - | 8.00% | - | - | |
| Construction & Materials | - | - | 8.00% | - | |
| Construction | - | - | - | 3.18% | |
| Building Materials: Other | - | - | - | 2.53% | |
| Engineering & Contracting Services | - | - | - | 2.29% | |
| Financials | 21.43% | - | - | - | |
| Financial Services | - | 21.43% | - | - | |
| Investment Banking & Brokerage Services | - | - | 17.16% | - | |
| Investment Services | - | - | - | 10.03% | |
| Asset Managers & Custodians | - | - | - | 7.13% | |
| Finance & Credit Services | - | - | 4.26% | - | |
| Consumer Lending | - | - | - | 2.51% | |
| Mortgage Finance | - | - | - | 1.75% | |
| Consumer Discretionary | 13.41% | - | - | - | |
| Consumer Products & Services | - | 6.01% | - | - | |
| Household Goods & Home Construction | - | - | 2.96% | - | |
| Home Construction | - | - | - | 2.96% | |
| Leisure Goods | - | - | 1.77% | - | |
| Photography | - | - | - | 1.77% | |
| Consumer Services | - | - | 1.27% | - | |
| Consumer Services: Misc. | - | - | - | 1.27% | |
| Travel & Leisure | - | 4.98% | - | - | |
| Travel & Leisure | - | - | 4.98% | - | |
| Airlines | - | - | - | 2.69% | |
| Recreational Services | - | - | - | 2.29% | |
| Media | - | 2.42% | - | - | |
| Media | - | - | 2.42% | - | |
| Media Agencies | - | - | - | 2.42% | |
| Consumer Staples | 10.05% | - | - | - | |
| Food, Beverage & Tobacco | - | 10.05% | - | - | |
| Food Producers | - | - | 10.05% | - | |
| Food Products | - | - | - | 10.05% | |
| Cash and Equivalents | 4.78% | - | - | - | |
| Technology | 4.67% | - | - | - | |
| Technology | - | 4.67% | - | - | |
| Software & Computer Services | - | - | 3.89% | - | |
| Consumer Digital Services | - | - | - | 2.77% | |
| Software | - | - | - | 1.12% | |
| Technology Hardware & Equipment | - | - | 0.78% | - | |
| Computer Hardware | - | - | - | 0.78% | |
| Energy | 4.60% | - | - | - | |
| Energy | - | 4.60% | - | - | |
| Non-Renewable Energy | - | - | 4.60% | - | |
| Oil Equipment & Services | - | - | - | 4.60% | |
| Telecommunications | 4.59% | - | - | - | |
| Telecommunications | - | 4.59% | - | - | |
| Telecommunications Service Providers | - | - | 4.59% | - | |
| Telecommunications Services | - | - | - | 4.59% | |
| Basic Materials | 4.17% | - | - | - | |
| Basic Resources | - | 3.18% | - | - | |
| Industrial Metals & Mining | - | - | 3.18% | - | |
| Metal Fabricating | - | - | - | 3.18% | |
| Chemicals | - | 0.98% | - | - | |
| Chemicals | - | - | 0.98% | - | |
| Specialty Chemicals | - | - | - | 0.98% | |
| Real Estate | 3.60% | - | - | - | |
| Real Estate | - | 3.60% | - | - | |
| Real Estate Investment Trusts | - | - | 2.31% | - | |
| Diversified REITs | - | - | - | 2.31% | |
| Real Estate Investment & Services | - | - | 1.29% | - | |
| Real Estate Services | - | - | - | 1.29% | |
| Non-Classified | 2.24% | - | - | - | |
| Health Care | 1.38% | - | - | - | |
| Health Care | - | 1.38% | - | - | |
| Health Care Providers | - | - | 1.38% | - | |
| Health Care Services | - | - | - | 1.38% | |
Regional Allocation
| UK | 85.75% | |
| Cash and Equivalents | 4.78% | |
| Developed Europe - Excl UK | 2.96% | |
| Property | 2.31% | |
| Non-Classified | 2.24% | |
| North America | 1.96% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.07% | |
| Cash | 2.52% | |
| Pound Sterling | 0.41% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 85.75% | - | |
United Kingdom
|
- | 85.75% | |
| Cash and Equivalents | 4.78% | - | |
| Developed Europe - Excl UK | 2.96% | - | |
Ireland
|
- | 2.96% | |
| Property | 2.31% | - | |
| Non-Classified | 2.24% | - | |
| North America | 1.96% | - | |
United States
|
- | 1.96% | |
Breakdown By Market Cap (%)
| Medium |
|
41.18% |
| Small |
|
48.91% |
| Micro |
|
0.92% |
| Non-Classified |
|
4.21% |
| Cash |
|
4.78% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | XPS PENSIONS GROUP | 4.67% | Investment Banking & Brokerage Services | United Kingdom |
| 2 | JTC | 3.94% | Investment Banking & Brokerage Services | United Kingdom |
| 3 | CRANSWICK | 3.31% | Food Producers | United Kingdom |
| 4 | GAMMA COMMUNICATIONS | 3.20% | Telecommunications Service Providers | United Kingdom |
| 5 | HILL & SMITH | 3.18% | Industrial Metals & Mining | United Kingdom |
| 6 | MORGAN SINDALL GROUP | 3.18% | Construction & Materials | United Kingdom |
| 7 | HILTON FOOD GROUP | 3.14% | Food Producers | United Kingdom |
| 8 | AJ BELL | 2.97% | Investment Banking & Brokerage Services | United Kingdom |
| 9 | CAIRN HOMES | 2.96% | Household Goods & Home Construction | Ireland |
| 10 | COATS GROUP | 2.93% | General Industrials | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 4.67% | - | - | - | - | - | - | - | 4.67% |
| Telecommunications | 4.59% | - | - | - | - | - | - | - | 4.59% |
| Financials | 21.43% | - | - | - | - | - | - | - | 21.43% |
| Real Estate | 1.29% | - | - | - | - | 2.31% | - | - | 3.60% |
| Consumer Discretionary | 10.45% | 2.96% | - | - | - | - | 2.24% | - | 15.65% |
| Consumer Staples | 10.05% | - | - | - | - | - | - | - | 10.05% |
| Energy | 4.60% | - | - | - | - | - | - | - | 4.60% |
| Health Care | 1.38% | - | - | - | - | - | - | - | 1.38% |
| Industrials | 23.13% | 1.96% | - | - | - | - | - | - | 25.09% |
| Basic Materials | 4.17% | - | - | - | - | - | - | - | 4.17% |
| Cash and Equivalents | - | - | - | - | - | - | - | 4.78% | 4.78% |
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. 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 report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 0433349 |
| Mex Code | STUSCA |
| Isin Code | GB0004333497 |
| Citi Code | SL89 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
Aims and Benchmark
| Aims | To generate growth over the long term (5 years or more) by investing in UK small-capitalisation equities (company shares). Performance Target: To achieve the return of the Deutsche Numis Smaller Companies Plus AIM ex Investment Companies Index plus 3% per annum (before charges). There is no certainty or promise that they will achieve the Performance Target. Performance Comparator: Investment Association UK Smaller Companies Equity Sector Average. The Deutsche Numis Smaller Companies Plus AIM ex Investment Companies Index (the "Index") is a representative index of the UK stock market of smaller companies. |
| Benchmark | IA UK Smaller Companies Equity Sector Average |
| Benchmark Category | - |
| IA Sector | UK Smaller Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
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 | £5000000 |
| Minimum Top Up | £50000 |
| Minimum Regular Saving | £0 |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -3.11 |
| Beta | 1.21 |
| Sharpe | -0.03 |
| Standard Deviation | 19.18 |
| Info Ratio | -0.67 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | Yes |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| 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
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Geared Investments
The fund focuses on geared investments. Funds which focus on geared investments such as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract, could be very high and could even equal the amount invested, in which case you would get nothing back.
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.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.