To generate income and some growth 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 the FTSE 350 Index over a rolling five year period (before charges) and achieve a return in excess of the FTSE 350 Index over a rolling five year period (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target.
Performance Comparator: IA UK Equity Income sector average.
The ACD believes that this is an appropriate target/comparator for the fund based on the investment policy of the fund.
Fund Manager
Charles Lukemanager
for
6 years
and 8 months
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
Iain Pylemanager
for
6 years
and 8 months
Iain is the lead Portfolio Manager for the Ireland UK Equity Pension Fund and the Pan European Trust and UK Equity Growth Fund. He is also responsible for analysing stocks in the Pharmaceuticals & Biotechnology, Oil & Gas Producers, Oil Equipment, Services & Distribution, Healthcare Equipment & Services sectors. Iain joined Aberdeen Standard Investments as a result of the merger between Aberdeen Asset Management and Standard Life in August 2017. He joined Standard Life Investments in January 2015 from Sanford C Bernstein in London, where he was a Vice President within a well-respected team covering the European oil & gas sector; surveys conducted by Institutional Investor and Extel ranked the team first in Europe. Prior to this, he also held positions as Senior Equity Research Associate focusing on global oil majors, and as Research Associate covering European investment and retail banks. Iain also has experience from PricewaterhouseCoopers from an audit and consulting perspective, as well as business consulting and trading operations experience from IBM Business Consulting and Morgan Stanley respectively. Iain has 12 years of experience in the industry, two of which is at Standard Life Investments.
Fund Overview
Mid (27/10/2023)
90.78p
Historic yield
4.64%
Fund size (31/08/2023)
£288.54m
Number of holdings
59
Entry Charge
0.00%
Ongoing Charges
0.88%
Launch date
17/05/2012
Asset Allocation
UK Equities
56.16%
International Equities
2.51%
Cash and Equivalents
1.10%
Other Assets
40.23%
Portfolio data accurate as at: 31/08/23
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.
Portfolio data accurate as at:
Asset Allocation
UK Equities
56.16%
International Equities
2.51%
Cash and Equivalents
1.10%
Other Assets
40.23%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Non-Classified
40.23%
-
-
-
Energy
15.88%
-
-
-
Energy
-
15.88%
-
-
Non-Renewable Energy
-
-
15.88%
-
Oil: Crude Producers
-
-
-
8.80%
Integrated Oil & Gas
-
-
-
6.69%
Oil Equipment & Services
-
-
-
0.39%
Financials
14.81%
-
-
-
Financial Services
-
7.66%
-
-
Investment Banking & Brokerage Services
-
-
4.48%
-
Asset Managers & Custodians
-
-
-
4.48%
Finance & Credit Services
-
-
3.18%
-
Financial Data & Systems
-
-
-
2.20%
Mortgage Finance
-
-
-
0.98%
Banks
-
3.74%
-
-
Banks
-
-
3.74%
-
Banks
-
-
-
3.74%
Insurance
-
3.41%
-
-
Non-life Insurance
-
-
2.88%
-
Full Line Insurance
-
-
-
1.34%
Reinsurance
-
-
-
1.06%
Property & Casualty Insurance
-
-
-
0.49%
Life Insurance
-
-
0.53%
-
Life Insurance
-
-
-
0.53%
Industrials
7.75%
-
-
-
Industrial Goods & Services
-
5.85%
-
-
Industrial Support Services
-
-
2.26%
-
Professional Business Support Services
-
-
-
1.29%
Business Training & Employment Agencies
-
-
-
0.97%
Industrial Engineering
-
-
1.36%
-
Machinery: Industrial
-
-
-
0.81%
Machinery: Specialty
-
-
-
0.55%
Electronic & Electrical Equipment
-
-
1.27%
-
Electronic Equipment: Control & Filter
-
-
-
0.76%
Electrical Components
-
-
-
0.50%
General Industrials
-
-
0.97%
-
Containers & Packaging
-
-
-
0.97%
Construction & Materials
-
1.90%
-
-
Construction & Materials
-
-
1.90%
-
Building Materials: Other
-
-
-
1.16%
Building, Roofing/Wallboard & Plumbing
-
-
-
0.73%
Consumer Staples
4.71%
-
-
-
Personal Care, Drug & Grocery Stores
-
3.64%
-
-
Personal Care, Drug & Grocery Stores
-
-
3.64%
-
Personal Products
-
-
-
3.64%
Food, Beverage & Tobacco
-
1.07%
-
-
Beverages
-
-
1.07%
-
Soft Drinks
-
-
-
1.07%
Basic Materials
4.55%
-
-
-
Basic Resources
-
4.55%
-
-
Industrial Metals & Mining
-
-
4.55%
-
General Mining
-
-
-
4.55%
Health Care
3.42%
-
-
-
Health Care
-
3.42%
-
-
Pharmaceuticals & Biotechnology
-
-
1.86%
-
Pharmaceuticals
-
-
-
1.86%
Medical Equipment & Services
-
-
1.55%
-
Medical Supplies
-
-
-
1.55%
Health Care Providers
-
-
0.00%
-
Health Care Facilities
-
-
-
0.00%
Utilities
2.69%
-
-
-
Utilities
-
2.69%
-
-
Gas, Water & Multi-utilities
-
-
2.32%
-
Multi-Utilities
-
-
-
2.32%
Electricity
-
-
0.37%
-
Conventional Electricity
-
-
-
0.37%
Consumer Discretionary
1.98%
-
-
-
Retail
-
1.14%
-
-
Retailers
-
-
1.14%
-
Home Improvement Retailers
-
-
-
0.62%
Specialty Retailers
-
-
-
0.52%
Consumer Products & Services
-
0.84%
-
-
Personal Goods
-
-
0.84%
-
Footwear
-
-
-
0.84%
Real Estate
1.49%
-
-
-
Real Estate
-
1.49%
-
-
Real Estate Investment Trusts
-
-
1.49%
-
Storage REITs
-
-
-
1.49%
Technology
1.39%
-
-
-
Technology
-
1.39%
-
-
Software & Computer Services
-
-
1.39%
-
Software
-
-
-
0.73%
Computer Services
-
-
-
0.66%
Cash and Equivalents
1.10%
-
-
-
Regional Allocation
UK
56.16%
Non-Classified
40.23%
Cash and Equivalents
1.10%
Developed Europe - Excl UK
1.07%
North America
0.94%
Developed Asia
0.50%
Fixed Interest Currencies
Non-Fixed Interest Assets
99.66%
Pound Sterling
0.34%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
56.16%
-
United Kingdom
-
56.16%
Non-Classified
40.23%
-
Cash and Equivalents
1.10%
-
Developed Europe - Excl UK
1.07%
-
Switzerland
-
1.07%
North America
0.94%
-
United States
-
0.94%
Developed Asia
0.50%
-
Singapore
-
0.50%
Breakdown By Market Cap (%)
Mega
16.08%
Large
4.13%
Medium
20.67%
Small
8.66%
Non-Classified
49.37%
Cash
1.10%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
ASTRAZENECA PLC
8.88%
Non-Classified
Non-Classified
2
SHELL
6.69%
Non-Renewable Energy
United Kingdom
3
BP PLC
6.11%
Non-Classified
Non-Classified
4
DIAGEO PLC
4.68%
Non-Classified
Non-Classified
5
UNILEVER
3.64%
Personal Care, Drug & Grocery Stores
United Kingdom
6
GLENCORE
3.03%
Industrial Metals & Mining
United Kingdom
7
ENERGEAN
3.00%
Non-Renewable Energy
United Kingdom
8
HSBC HOLDINGS PLC
2.70%
Non-Classified
Non-Classified
9
SAVANNAH ENERGY
2.63%
Non-Renewable Energy
United Kingdom
10
NATIONAL GRID
2.32%
Gas, Water & Multi-utilities
United Kingdom
Dual Aspect Equity Analysis
UK Equities
Int'l Equities
UK Bonds
Int'l Bonds
UK Gilts
Property
Other
Cash & Equiv
Total
Technology
1.39%
-
-
-
-
-
-
-
1.39%
Financials
14.81%
-
-
-
-
-
-
-
14.81%
Real Estate
1.49%
-
-
-
-
-
-
-
1.49%
Consumer Discretionary
1.98%
-
-
-
-
-
-
-
1.98%
Consumer Staples
3.64%
1.07%
-
-
-
-
-
-
4.71%
Energy
14.95%
0.94%
-
-
-
-
-
-
15.88%
Utilities
2.69%
-
-
-
-
-
-
-
2.69%
Health Care
3.42%
-
-
-
-
-
-
-
3.42%
Industrials
7.24%
0.50%
-
-
-
-
-
-
7.75%
Basic Materials
4.55%
-
-
-
-
-
-
-
4.55%
Cash and Equivalents
-
-
-
-
-
-
-
1.10%
1.10%
Non-Classified
-
-
-
-
-
-
40.23%
-
40.23%
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
B7FTRJ8
Mex Code
STHEPT
Isin Code
GB00B7FTRJ84
Citi Code
10G4
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.88%
Aims and Benchmark
Aims
To generate income and some growth 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 the FTSE 350 Index over a rolling five year period (before charges) and achieve a return in excess of the FTSE 350 Index over a rolling five year period (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target.
Performance Comparator: IA UK Equity Income sector average.
The ACD believes that this is an appropriate target/comparator for the fund based on the investment policy of the fund.
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
£0.25
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 March
30 April
01 September
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
Email
investments_marketline@standardlife.com
Homepage
www.aberdeenstandard.com
Fax number
0131 525 9720
Dealing
Minimum Investment
£2000000
Minimum Top Up
£50000
Minimum Regular Saving
-
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. 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.
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