abrdn OEIC abrdn UK High Income Equity (CLOSED) Platform 1 Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

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Top 10 Holdings

Stock % Weight
ASTRAZENECA PLC 8.88
SHELL 6.69
BP PLC 6.11
DIAGEO PLC 4.68
UNILEVER 3.64
GLENCORE 3.03
ENERGEAN 3.00
HSBC HOLDINGS PLC 2.70
SAVANNAH ENERGY 2.63
NATIONAL GRID 2.32
Total 43.67

Fund 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.

Fund Manager

Charles Luke manager for 6 years and 8 months

Photo of Charles Luke 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 Pyle manager for 6 years and 8 months

Photo of Iain Pyle 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) 55.93p
Historic yield 4.81%
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

pie chart
  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

pie chart
  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

pie chart
  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

pie chart
  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 B558NM6
Mex Code STEHRP
Isin Code GB00B558NM60
Citi Code 10G5

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 Crown Rating of 3

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.