abrdn OEIC abrdn Europe ex UK Income Equity 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 | 8.2% | 13.8% | 2.1% | 9.4% | 5.6% |
| Sector | 9.1% | 14.9% | -6.0% | 8.8% | 6.6% |
| Rank | 48/121 | 76/124 | 18/128 | 78/130 | 95/131 |
| Quartile | 2 | 3 | 1 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 5.7% | 7.7% | 7.6% | |
| Sector | 2.9% | 6.5% | 7.5% | |
| Rank | 34/128 | 31/121 | 46/95 | |
| Quartile | 2 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SAP SE | 5.63 |
| DEUTSCHE TELEKOM AG | 4.80 |
| NOVARTIS AG | 4.70 |
| SCHNEIDER ELECTRIC SE | 4.15 |
| ASML HOLDING N.V. | 4.06 |
| NOVO NORDISK A/S | 4.02 |
| WOLTERS KLUWER N.V. | 3.97 |
| TOTAL SE | 3.97 |
| INTESA SANPAOLO SPA | 3.93 |
| SANOFI | 3.65 |
| Total | 42.89 |
Fund Aims
To generate income and some growth over the long term (5 years or more) by investing in European equities (company shares).
Performance Target: To deliver a yield greater than that of and achieve a return in excess of the FTSE World Europe ex UK Index over a rolling five year period (before charges). There is no certainty or promise that the Performance Target will be achieved.
The FTSE World Europe ex UK Index (the "Index") is a representative index of the European (excluding UK) stock market.
Fund Manager
TBC
Stuart is an Investment Analyst within our European Equities Team and is responsible for researching the Food & Drug Retailers, Utilities and Electronic & Electrical Equipment sectors, contributing investment ideas to the wider team and participating in peer review discussions. Stuart joined Standard Life Investments in 2013 after graduating from Cambridge University. Stuart joined Aberdeen Standard Investments as a result of the merger between Aberdeen Asset Management and Standard Life in August 2017.He has four years of experience in the industry.
Tom Dorner is an Investment Director at Aberdeen Standard Investments. Tom began his career in financial services as Audit Executive at Ernst & Young in 2001. After qualifying as a Chartered Accountant he joined Barclays Capital as Finance Executive in 2004. In May 2006, he joined Lehman Brothers as an Equity Research Associate analysing the European Insurance Sector. In October 2008 he joined Oriel Securities where he became a Partner and was responsible for Non Life Insurance. In 2011 he moved to Citigroup where he became Director specialising in analysis of the European insurance sector. Tom joined the European Equity Team at Standard Life Investments in November 2014.
Tom has an MA in Philosophy from the University of Nottingham, BA (Hons) in War Studies from Kings College, London. Other qualifications include: ICAS: Chartered Accountant.
Fund Overview
| Mid (20/12/2024) | 207.70p |
| Historic yield | 2.63% |
| Fund size (31/10/2024) | £297.56m |
| Number of holdings | 42 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
| Launch date | 05/04/2009 |
Asset Allocation
| International Equities | 96.37% | |
| Cash and Equivalents | 2.17% | |
| UK Equities | 1.46% |
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 96.37% | |
| Cash and Equivalents | 2.17% | |
| UK Equities | 1.46% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Consumer Discretionary | 16.18% | - | - | - | |
| Media | - | 5.97% | - | - | |
| Media | - | - | 5.97% | - | |
| Publishing | - | - | - | 3.97% | |
| Radio & TV Broadcasters | - | - | - | 2.00% | |
| Consumer Products & Services | - | 4.80% | - | - | |
| Personal Goods | - | - | 4.80% | - | |
| Clothing & Accessories | - | - | - | 1.90% | |
| Luxury Items | - | - | - | 1.80% | |
| Cosmetics | - | - | - | 1.10% | |
| Retail | - | 3.48% | - | - | |
| Retailers | - | - | 3.48% | - | |
| Apparel Retailers | - | - | - | 3.48% | |
| Automobiles & Parts | - | 1.93% | - | - | |
| Automobiles & Parts | - | - | 1.93% | - | |
| Automobiles | - | - | - | 1.93% | |
| Financials | 14.57% | - | - | - | |
| Banks | - | 10.31% | - | - | |
| Banks | - | - | 10.31% | - | |
| Banks | - | - | - | 10.31% | |
| Insurance | - | 3.80% | - | - | |
| Non-life Insurance | - | - | 3.80% | - | |
| Full Line Insurance | - | - | - | 3.80% | |
| Financial Services | - | 0.46% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.46% | - | |
| Investment Services | - | - | - | 0.46% | |
| Technology | 13.78% | - | - | - | |
| Technology | - | 13.78% | - | - | |
| Software & Computer Services | - | - | 8.05% | - | |
| Software | - | - | - | 5.63% | |
| Computer Services | - | - | - | 2.42% | |
| Technology Hardware & Equipment | - | - | 5.73% | - | |
| Production Technology Equipment | - | - | - | 4.06% | |
| Semiconductors | - | - | - | 1.67% | |
| Industrials | 12.99% | - | - | - | |
| Industrial Goods & Services | - | 12.99% | - | - | |
| General Industrials | - | - | 4.46% | - | |
| Diversified Industrials | - | - | - | 2.86% | |
| Containers & Packaging | - | - | - | 1.61% | |
| Electronic & Electrical Equipment | - | - | 4.15% | - | |
| Electrical Components | - | - | - | 4.15% | |
| Industrial Transportation | - | - | 1.90% | - | |
| Commercial Vehicles & Parts | - | - | - | 1.90% | |
| Industrial Support Services | - | - | 1.58% | - | |
| Transaction Processing Services | - | - | - | 1.58% | |
| Industrial Engineering | - | - | 0.89% | - | |
| Machinery: Construction & Handling | - | - | - | 0.89% | |
| Health Care | 12.38% | - | - | - | |
| Health Care | - | 12.38% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 12.38% | - | |
| Pharmaceuticals | - | - | - | 12.38% | |
| Utilities | 7.62% | - | - | - | |
| Utilities | - | 7.62% | - | - | |
| Gas, Water & Multi-utilities | - | - | 5.69% | - | |
| Multi-Utilities | - | - | - | 5.69% | |
| Electricity | - | - | 1.93% | - | |
| Conventional Electricity | - | - | - | 1.93% | |
| Telecommunications | 6.56% | - | - | - | |
| Telecommunications | - | 6.56% | - | - | |
| Telecommunications Service Providers | - | - | 6.56% | - | |
| Telecommunications Services | - | - | - | 6.56% | |
| Energy | 5.00% | - | - | - | |
| Energy | - | 5.00% | - | - | |
| Non-Renewable Energy | - | - | 5.00% | - | |
| Integrated Oil & Gas | - | - | - | 3.97% | |
| Oil Equipment & Services | - | - | - | 1.03% | |
| Consumer Staples | 4.14% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.14% | - | - | |
| Beverages | - | - | 2.41% | - | |
| Soft Drinks | - | - | - | 1.46% | |
| Distillers & Vintners | - | - | - | 0.95% | |
| Food Producers | - | - | 1.73% | - | |
| Food Products | - | - | - | 1.73% | |
| Real Estate | 2.51% | - | - | - | |
| Real Estate | - | 2.51% | - | - | |
| Real Estate Investment & Services | - | - | 1.49% | - | |
| Real Estate Services | - | - | - | 1.49% | |
| Real Estate Investment Trusts | - | - | 1.02% | - | |
| Storage REITs | - | - | - | 1.02% | |
| Cash and Equivalents | 2.17% | - | - | - | |
| Basic Materials | 2.12% | - | - | - | |
| Chemicals | - | 2.12% | - | - | |
| Chemicals | - | - | 2.12% | - | |
| Specialty Chemicals | - | - | - | 2.12% | |
Regional Allocation
| Developed Europe - Excl UK | 94.26% | |
| Cash and Equivalents | 2.17% | |
| Non-Classified | 2.12% | |
| UK | 1.46% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.64% | |
| Euro | 0.99% | |
| Cash | 0.37% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 94.26% | - | |
France
|
- | 24.69% | |
Germany
|
- | 19.35% | |
Netherlands
|
- | 15.14% | |
Switzerland
|
- | 7.69% | |
Italy
|
- | 6.52% | |
Spain
|
- | 5.89% | |
Sweden
|
- | 4.29% | |
Denmark
|
- | 4.02% | |
Ireland
|
- | 3.00% | |
Norway
|
- | 1.76% | |
Belgium
|
- | 1.02% | |
Finland
|
- | 0.88% | |
| Cash and Equivalents | 2.17% | - | |
| Non-Classified | 2.12% | - | |
| UK | 1.46% | - | |
United Kingdom
|
- | 1.46% | |
Breakdown By Market Cap (%)
| Mega |
|
77.04% |
| Large |
|
9.27% |
| Medium |
|
3.54% |
| Non-Classified |
|
7.98% |
| Cash |
|
2.17% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SAP SE | 5.63% | Software & Computer Services | Germany |
| 2 | DEUTSCHE TELEKOM AG | 4.80% | Telecommunications Service Providers | Germany |
| 3 | NOVARTIS AG | 4.70% | Pharmaceuticals & Biotechnology | Switzerland |
| 4 | SCHNEIDER ELECTRIC SE | 4.15% | Electronic & Electrical Equipment | France |
| 5 | ASML HOLDING N.V. | 4.06% | Technology Hardware & Equipment | Netherlands |
| 6 | NOVO NORDISK A/S | 4.02% | Pharmaceuticals & Biotechnology | Denmark |
| 7 | WOLTERS KLUWER N.V. | 3.97% | Media | Netherlands |
| 8 | TOTAL SE | 3.97% | Non-Renewable Energy | France |
| 9 | INTESA SANPAOLO SPA | 3.93% | Banks | Italy |
| 10 | SANOFI | 3.65% | Pharmaceuticals & Biotechnology | France |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 13.78% | - | - | - | - | - | - | 13.78% |
| Telecommunications | - | 6.56% | - | - | - | - | - | - | 6.56% |
| Financials | - | 14.57% | - | - | - | - | - | - | 14.57% |
| Real Estate | - | 2.51% | - | - | - | - | - | - | 2.51% |
| Consumer Discretionary | - | 16.18% | - | - | - | - | - | - | 16.18% |
| Consumer Staples | 1.46% | 2.68% | - | - | - | - | - | - | 4.14% |
| Energy | - | 5.00% | - | - | - | - | - | - | 5.00% |
| Utilities | - | 7.62% | - | - | - | - | - | - | 7.62% |
| Health Care | - | 12.38% | - | - | - | - | - | - | 12.38% |
| Industrials | - | 12.99% | - | - | - | - | - | - | 12.99% |
| Basic Materials | - | 2.12% | - | - | - | - | - | - | 2.12% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.17% | 2.17% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B3L7SB7 |
| Mex Code | STINVE |
| Isin Code | GB00B3L7SB79 |
| Citi Code | ELS9 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
Aims and Benchmark
| Aims | To generate income and some growth over the long term (5 years or more) by investing in European equities (company shares). Performance Target: To deliver a yield greater than that of and achieve a return in excess of the FTSE World Europe ex UK Index over a rolling five year period (before charges). There is no certainty or promise that the Performance Target will be achieved. The FTSE World Europe ex UK Index (the "Index") is a representative index of the European (excluding UK) stock market. |
| Benchmark | FTSE World Europe Ex UK |
| Benchmark Category | - |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 March | 30 April |
| 01 June | 31 July |
| 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 |
| 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.