abrdn OEIC abrdn UK Income Equity Class M Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Portfolio data accurate as at:
Performance
Discrete performance - to last month end
| 31/08/19 to 31/08/20 |
31/08/20 to 31/08/21 |
31/08/21 to 31/08/22 |
31/08/22 to 31/08/23 |
31/08/23 to 31/08/24 |
|
|---|---|---|---|---|---|
| Fund | -4.4% | 25.5% | -7.4% | 4.0% | 11.2% |
| Sector | -12.4% | 31.3% | -2.7% | 4.0% | 18.2% |
| Rank | 9/72 | 55/72 | 57/74 | 42/75 | 73/75 |
| Quartile | 1 | 4 | 4 | 3 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/08/24 |
5 Years to 31/08/24 |
10 Years to 31/08/24 |
||
| Fund | 2.3% | 5.1% | n/a | |
| Sector | 6.2% | 6.6% | 5.6% | |
| Rank | 61/74 | 59/72 | 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
manager
for
8 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
Fund Overview
| Mid (30/08/2024) | 143.55p |
| Historic yield | 3.58% |
| 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% |
Portfolio data accurate as at:
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% |
Identification Codes
| Sedol Code | BGRLYK5 |
| Mex Code | K8TOA |
| Isin Code | GB00BGRLYK57 |
| Citi Code | PLF7 |
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 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.