abrdn OEIC abrdn UK Income Equity Class M Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/10/19 to 31/10/20 |
31/10/20 to 31/10/21 |
31/10/21 to 31/10/22 |
31/10/22 to 31/10/23 |
31/10/23 to 31/10/24 |
|
|---|---|---|---|---|---|
| Fund | -10.8% | 29.2% | -10.6% | 5.7% | 9.8% |
| Sector | -20.2% | 38.3% | -5.6% | 4.7% | 18.0% |
| Rank | 7/70 | 64/70 | 57/72 | 37/73 | 72/73 |
| Quartile | 1 | 4 | 4 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/10/24 |
5 Years to 31/10/24 |
10 Years to 31/10/24 |
||
| Fund | 1.3% | 3.7% | n/a | |
| Sector | 5.3% | 5.2% | 5.4% | |
| Rank | 65/72 | 60/70 | n/a | |
| Quartile | 4 | 4 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 5.68 |
| RELX | 5.15 |
| DIAGEO | 5.05 |
| UNILEVER | 4.85 |
| BP | 3.58 |
| TOTAL SE | 3.33 |
| SSE | 3.12 |
| BHP GROUP | 3.08 |
| LONDON STOCK EXCHANGE GROUP | 2.86 |
| COCA-COLA HBC AG | 2.68 |
| Total | 39.39 |
Fund Aims
To generate income and some capital over the long term (5 years or more) by investing in UK equities (company shares).
Performance Target: To deliver a yield greater than that of and achieve a return in excess of the FTSE All Share Index over a rolling five year period (before charges). There is no certainty or promise that the Performance Target will be achieved.
Performance Comparator: Investment Association UK Equity Income sector average.
The FTSE All Share Index (the "Index") is a representative index of the UK stock market.
The Investment Association UK Equity Income Sector (the "Sector") is a representative group of investment funds with a focus on UK equities with the aim of delivering a premium yield.
Fund Manager
Charles Luke is an Investment Director in the UK Equity Team and has over 20 years’ experience managing UK equity income funds. His responsibilities include managing the Murray Income Trust and the ASI UK Income Equity Fund alongside the team’s Long Term Quality income strategies and other funds. In addition, he is also responsible for analysing the Business Support Services, Gas & Electricity, Health Equipment & Services sectors. Charles originally joined Aberdeen Asset Management in 2000. Charles started his career at Framlington Investment Management in 1998, covering UK equities
Fund Overview
| Mid (30/10/2024) | 111.19p |
| Historic yield | 3.72% |
| Fund size (30/04/2023) | £162.58m |
| Number of holdings | 53 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.89% |
| Launch date | 30/11/2018 |
Asset Allocation
| UK Equities | 76.00% | |
| International Equities | 22.60% | |
| Cash and Equivalents | 1.20% | |
| Alternative Trading Strategies | -0.02% | |
| Other Assets | 0.21% |
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
| UK Equities | 76.00% | |
| International Equities | 22.60% | |
| Cash and Equivalents | 1.20% | |
| Alternative Trading Strategies | -0.02% | |
| Other Assets | 0.21% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 17.56% | - | - | - | |
| Financial Services | - | 7.60% | - | - | |
| Finance & Credit Services | - | - | 4.22% | - | |
| Financial Data & Systems | - | - | - | 2.86% | |
| Mortgage Finance | - | - | - | 1.36% | |
| Investment Banking & Brokerage Services | - | - | 3.38% | - | |
| Asset Managers & Custodians | - | - | - | 3.38% | |
| Banks | - | 6.83% | - | - | |
| Banks | - | - | 6.83% | - | |
| Banks | - | - | - | 6.83% | |
| Insurance | - | 3.13% | - | - | |
| Non-life Insurance | - | - | 2.32% | - | |
| Full Line Insurance | - | - | - | 1.34% | |
| Property & Casualty Insurance | - | - | - | 0.98% | |
| Life Insurance | - | - | 0.81% | - | |
| Life Insurance | - | - | - | 0.81% | |
| Industrials | 14.06% | - | - | - | |
| Industrial Goods & Services | - | 12.39% | - | - | |
| Industrial Support Services | - | - | 7.97% | - | |
| Professional Business Support Services | - | - | - | 6.97% | |
| Industrial Suppliers | - | - | - | 0.99% | |
| Electronic & Electrical Equipment | - | - | 2.20% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.21% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.99% | |
| Industrial Engineering | - | - | 1.35% | - | |
| Machinery: Industrial | - | - | - | 1.35% | |
| General Industrials | - | - | 0.87% | - | |
| Containers & Packaging | - | - | - | 0.87% | |
| Construction & Materials | - | 1.67% | - | - | |
| Construction & Materials | - | - | 1.67% | - | |
| Building Materials: Other | - | - | - | 0.93% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.74% | |
| Consumer Staples | 13.90% | - | - | - | |
| Food, Beverage & Tobacco | - | 9.05% | - | - | |
| Beverages | - | - | 7.74% | - | |
| Distillers & Vintners | - | - | - | 5.05% | |
| Soft Drinks | - | - | - | 2.68% | |
| Food Producers | - | - | 1.31% | - | |
| Food Products | - | - | - | 1.31% | |
| Personal Care, Drug & Grocery Stores | - | 4.85% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.85% | - | |
| Personal Products | - | - | - | 4.85% | |
| Health Care | 13.90% | - | - | - | |
| Health Care | - | 13.90% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 11.16% | - | |
| Pharmaceuticals | - | - | - | 9.98% | |
| Biotechnology | - | - | - | 1.18% | |
| Medical Equipment & Services | - | - | 2.74% | - | |
| Medical Supplies | - | - | - | 1.44% | |
| Medical Equipment | - | - | - | 1.30% | |
| Consumer Discretionary | 11.53% | - | - | - | |
| Media | - | 5.15% | - | - | |
| Media | - | - | 5.15% | - | |
| Publishing | - | - | - | 5.15% | |
| Consumer Products & Services | - | 3.99% | - | - | |
| Household Goods & Home Construction | - | - | 1.63% | - | |
| Home Construction | - | - | - | 1.63% | |
| Leisure Goods | - | - | 1.24% | - | |
| Toys | - | - | - | 1.24% | |
| Personal Goods | - | - | 1.13% | - | |
| Clothing & Accessories | - | - | - | 1.13% | |
| Retail | - | 2.39% | - | - | |
| Retailers | - | - | 2.39% | - | |
| Home Improvement Retailers | - | - | - | 1.98% | |
| Specialty Retailers | - | - | - | 0.41% | |
| Basic Materials | 7.19% | - | - | - | |
| Basic Resources | - | 5.51% | - | - | |
| Industrial Metals & Mining | - | - | 5.51% | - | |
| General Mining | - | - | - | 5.51% | |
| Chemicals | - | 1.68% | - | - | |
| Chemicals | - | - | 1.68% | - | |
| Chemicals: Diversified | - | - | - | 1.68% | |
| Energy | 6.91% | - | - | - | |
| Energy | - | 6.91% | - | - | |
| Non-Renewable Energy | - | - | 6.91% | - | |
| Integrated Oil & Gas | - | - | - | 6.91% | |
| Utilities | 6.76% | - | - | - | |
| Utilities | - | 6.76% | - | - | |
| Electricity | - | - | 4.37% | - | |
| Conventional Electricity | - | - | - | 4.37% | |
| Gas, Water & Multi-utilities | - | - | 2.39% | - | |
| Multi-Utilities | - | - | - | 2.39% | |
| Technology | 3.19% | - | - | - | |
| Technology | - | 3.19% | - | - | |
| Software & Computer Services | - | - | 3.19% | - | |
| Software | - | - | - | 3.19% | |
| Real Estate | 1.99% | - | - | - | |
| Real Estate | - | 1.99% | - | - | |
| Real Estate Investment Trusts | - | - | 1.99% | - | |
| Storage REITs | - | - | - | 1.99% | |
| Telecommunications | 1.61% | - | - | - | |
| Telecommunications | - | 1.61% | - | - | |
| Telecommunications Service Providers | - | - | 1.03% | - | |
| Telecommunications Services | - | - | - | 1.03% | |
| Telecommunications Equipment | - | - | 0.57% | - | |
| Telecommunications Equipment | - | - | - | 0.57% | |
| Cash and Equivalents | 1.20% | - | - | - | |
| Non-Classified | 0.21% | - | - | - | |
| Non-Classified | - | 0.21% | - | - | |
| Non-Classified | - | - | 0.21% | - | |
| Non-Classified | - | - | - | 0.21% | |
| Alternative Trading Strategies | -0.02% | - | - | - | |
| Alternative Trading Strategies | - | -0.02% | - | - | |
| Alternative Trading Strategies | - | - | -0.02% | - | |
| Alternative Trading Strategies | - | - | - | -0.02% | |
Regional Allocation
| UK | 76.00% | |
| Developed Europe - Excl UK | 15.94% | |
| Australia & New Zealand | 3.08% | |
| Developed Asia | 1.90% | |
| Cash and Equivalents | 1.20% | |
| North America | 1.10% | |
| Emerging Asia | 0.57% | |
| Non-Classified | 0.20% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.08% | |
| Cash | 0.92% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 76.00% | - | |
United Kingdom
|
- | 76.00% | |
| Developed Europe - Excl UK | 15.94% | - | |
Switzerland
|
- | 5.90% | |
France
|
- | 4.46% | |
Finland
|
- | 2.91% | |
Denmark
|
- | 1.64% | |
Norway
|
- | 1.03% | |
| Australia & New Zealand | 3.08% | - | |
Australia
|
- | 3.08% | |
| Developed Asia | 1.90% | - | |
Singapore
|
- | 1.90% | |
| Cash and Equivalents | 1.20% | - | |
| North America | 1.10% | - | |
United States
|
- | 1.10% | |
| Emerging Asia | 0.57% | - | |
Taiwan
|
- | 0.57% | |
| Non-Classified | 0.20% | - | |
Breakdown By Market Cap (%)
| Mega |
|
49.39% |
| Large |
|
18.82% |
| Medium |
|
24.77% |
| Small |
|
1.55% |
| Non-Classified |
|
4.27% |
| Cash |
|
1.20% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 5.68% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | RELX | 5.15% | Media | United Kingdom |
| 3 | DIAGEO | 5.05% | Beverages | United Kingdom |
| 4 | UNILEVER | 4.85% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | BP | 3.58% | Non-Renewable Energy | United Kingdom |
| 6 | TOTAL SE | 3.33% | Non-Renewable Energy | France |
| 7 | SSE | 3.12% | Electricity | United Kingdom |
| 8 | BHP GROUP | 3.08% | Industrial Metals & Mining | Australia |
| 9 | LONDON STOCK EXCHANGE GROUP | 2.86% | Finance & Credit Services | United Kingdom |
| 10 | COCA-COLA HBC AG | 2.68% | Beverages | Switzerland |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 2.09% | 1.10% | - | - | - | - | - | - | 3.19% |
| Telecommunications | - | 1.61% | - | - | - | - | - | - | 1.61% |
| Financials | 14.09% | 3.47% | - | - | - | - | - | - | 17.56% |
| Real Estate | 1.99% | - | - | - | - | - | - | - | 1.99% |
| Consumer Discretionary | 10.40% | 1.13% | - | - | - | - | - | - | 11.53% |
| Consumer Staples | 9.91% | 3.99% | - | - | - | - | - | - | 13.90% |
| Energy | 3.58% | 3.33% | - | - | - | - | - | - | 6.91% |
| Utilities | 6.76% | - | - | - | - | - | - | - | 6.76% |
| Health Care | 11.34% | 2.56% | - | - | - | - | - | - | 13.90% |
| Industrials | 11.73% | 2.33% | - | - | - | - | - | - | 14.06% |
| Basic Materials | 4.11% | 3.08% | - | - | - | - | - | - | 7.19% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.20% | 1.20% |
| Non-Classified | - | - | - | - | - | - | 0.20% | - | 0.20% |
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 | BGRLZK2 |
| Mex Code | K8TOB |
| Isin Code | GB00BGRLZK23 |
| Citi Code | PLF8 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.89% |
Aims and Benchmark
| Aims | To generate income and some capital over the long term (5 years or more) by investing in UK equities (company shares). Performance Target: To deliver a yield greater than that of and achieve a return in excess of the FTSE All Share Index over a rolling five year period (before charges). There is no certainty or promise that the Performance Target will be achieved. Performance Comparator: Investment Association UK Equity Income sector average. The FTSE All Share Index (the "Index") is a representative index of the UK stock market. The Investment Association UK Equity Income Sector (the "Sector") is a representative group of investment funds with a focus on UK equities with the aim of delivering a premium yield. |
| Benchmark | IA UK Equity Income Sector Average |
| Benchmark Category | - |
| IA Sector | UK Equity Income |
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 | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 30 April |
| 01 August | 29 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 | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | - |
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 | -2.60 |
| Beta | 0.96 |
| Sharpe | 0.00 |
| Standard Deviation | 11.70 |
| Info Ratio | -0.68 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| 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 | No |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| 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
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
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.
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.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
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.