abrdn OEIC abrdn High Yield Bond Class I Inc
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 | 4.6% | 4.2% | -7.8% | 8.7% | 10.5% |
| Sector | 3.7% | 4.5% | -9.1% | 7.8% | 11.5% |
| Rank | 10/26 | 12/28 | 8/29 | 10/29 | 23/29 |
| Quartile | 2 | 2 | 1 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.5% | 3.8% | 4.1% | |
| Sector | 3.0% | 3.4% | 3.7% | |
| Rank | 12/29 | 10/26 | 6/22 | |
| Quartile | 2 | 2 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TEVA PHARM FNC NL II 4.375% 05/09/2030 | 1.71 |
| ALBION FINANCING 1SARL / 5.25% 10/15/2026 | 1.63 |
| ELECTRICITE DE FRANCE SA 5.375% | 1.56 |
| TK ELEVATOR MIDCO GMBH 4.375% 07/15/2027 | 1.54 |
| WEPA HYGIENEPRODUKTE GMB 5.625% 01/15/2031 | 1.53 |
| UNIQUE PUB FINANCE CO 6.464% 03/30/2032 | 1.46 |
| SUNRISE HOLDCO IV BV 5.5% 01/15/2028 | 1.39 |
| BANIJAY ENTERTAINMENT 8.125% 05/01/2029 | 1.35 |
| VIRGIN MEDIA VENDOR FIN 4.875% 07/15/2028 | 1.30 |
| PINEWOOD FINCO PLC 6% 03/27/2030 | 1.20 |
| Total | 14.67 |
Fund Aims
To generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro denominated sub-investment grade (high yield) corporate bonds.
Performance Target: To achieve the return of the ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained Index (Hedged to GBP) plus 0.8% per annum over rolling three year periods (before charges).
There is no certainty or promise that the Performance Target will be achieved.
The ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained (Hedged to GBP) Index ( the "Index") is a representative index of the market for high yield bonds in Europe which excludes financial institutions.
Fund Manager
Arthur works in the High Yield team alongside Erlend Lochen, Alasdair MacLean and Samantha Lamb. His role involves the identification and researching of investment opportunities and assisting in the managing of the High Yield Funds. Arthur joined Standard Life Investments in June 2006 from HBOS. There he worked initially in leveraged finance, providing debt funding to private equity backed MBO deals. Latterly, he was a member of the Bank’s Integrated Finance team, specialising in the debt and equity financing of buyouts.
Fund Overview
| Mid (20/12/2024) | 47.20p |
| Distribution yield | 5.65% |
| Underlying yield | 5.65% |
| Fund size (31/10/2024) | £222.85m |
| Number of holdings | 158 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.69% |
| Launch date | 07/02/2000 |
Asset Allocation
| International Bonds | 75.85% | |
| UK Corporate Bonds | 16.58% | |
| Cash and Equivalents | 5.43% | |
| UK Gilts | 0.82% | |
| Alternative Trading Strategies | 0.70% | |
| Other Assets | 0.62% |
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 Bonds | 75.85% | |
| UK Corporate Bonds | 16.58% | |
| Cash and Equivalents | 5.43% | |
| UK Gilts | 0.82% | |
| Alternative Trading Strategies | 0.70% | |
| Other Assets | 0.62% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 93.25% | - | - | - | |
| Cash and Equivalents | 5.43% | - | - | - | |
| Alternative Trading Strategies | 0.70% | - | - | - | |
| Alternative Trading Strategies | - | 0.70% | - | - | |
| Alternative Trading Strategies | - | - | 0.70% | - | |
| Alternative Trading Strategies | - | - | - | 0.70% | |
| Non-Classified | 0.62% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 62.79% | |
| UK | 17.40% | |
| North America | 7.12% | |
| Cash and Equivalents | 5.43% | |
| Non-Classified | 4.54% | |
| Emerging Europe | 1.30% | |
| South & Central America | 0.86% | |
| Japan | 0.57% |
Fixed Interest Currencies
| Euro | 64.39% | |
| Pound Sterling | 17.20% | |
| US Dollar | 11.66% | |
| Cash | 5.43% | |
| Non-Fixed Interest Assets | 1.32% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 62.79% | - | |
Luxembourg
|
- | 13.63% | |
Germany
|
- | 12.29% | |
Netherlands
|
- | 12.11% | |
France
|
- | 11.44% | |
Sweden
|
- | 4.23% | |
Italy
|
- | 3.44% | |
Ireland
|
- | 2.24% | |
Spain
|
- | 1.41% | |
Austria
|
- | 0.82% | |
Switzerland
|
- | 0.55% | |
Portugal
|
- | 0.53% | |
Finland
|
- | 0.10% | |
| UK | 17.40% | - | |
United Kingdom
|
- | 17.40% | |
| North America | 7.12% | - | |
United States
|
- | 7.12% | |
| Cash and Equivalents | 5.43% | - | |
| Non-Classified | 4.54% | - | |
| Emerging Europe | 1.30% | - | |
Czech Republic
|
- | 0.79% | |
Greece
|
- | 0.51% | |
| South & Central America | 0.86% | - | |
Mexico
|
- | 0.86% | |
| Japan | 0.57% | - | |
Japan
|
- | 0.57% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
58.36% |
| 5Yr - 10Yr Maturity |
|
22.90% |
| 10Yr - 15Yr Maturity |
|
3.20% |
| > 15Yr Maturity |
|
8.79% |
| Cash And Equivalents |
|
5.43% |
| Unknown Maturity |
|
0.62% |
| Other Asset Types |
|
0.70% |
Fixed Interest Quality Profile
| AA |
|
0.82% |
| BBB |
|
1.88% |
| Sub-Investment Grade |
|
33.78% |
| Unknown Quality |
|
56.77% |
| Cash and Equivalents |
|
5.43% |
| Other Asset Types |
|
1.32% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TEVA PHARM FNC NL II 4.375% 05/09/2030 | 1.71% | Bonds | Netherlands |
| 2 | ALBION FINANCING 1SARL / 5.25% 10/15/2026 | 1.63% | Bonds | Luxembourg |
| 3 | ELECTRICITE DE FRANCE SA 5.375% | 1.56% | Bonds | France |
| 4 | TK ELEVATOR MIDCO GMBH 4.375% 07/15/2027 | 1.54% | Bonds | Germany |
| 5 | WEPA HYGIENEPRODUKTE GMB 5.625% 01/15/2031 | 1.53% | Bonds | Germany |
| 6 | UNIQUE PUB FINANCE CO 6.464% 03/30/2032 | 1.46% | Bonds | United Kingdom |
| 7 | SUNRISE HOLDCO IV BV 5.5% 01/15/2028 | 1.39% | Bonds | Netherlands |
| 8 | BANIJAY ENTERTAINMENT 8.125% 05/01/2029 | 1.35% | Bonds | France |
| 9 | VIRGIN MEDIA VENDOR FIN 4.875% 07/15/2028 | 1.30% | Bonds | Ireland |
| 10 | PINEWOOD FINCO PLC 6% 03/27/2030 | 1.20% | Bonds | United Kingdom |
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 | 0093981 |
| Mex Code | STHII |
| Isin Code | GB0000939818 |
| Citi Code | ST23 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.69% |
Aims and Benchmark
| Aims | To generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro denominated sub-investment grade (high yield) corporate bonds. Performance Target: To achieve the return of the ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained Index (Hedged to GBP) plus 0.8% per annum over rolling three year periods (before charges). There is no certainty or promise that the Performance Target will be achieved. The ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained (Hedged to GBP) Index ( the "Index") is a representative index of the market for high yield bonds in Europe which excludes financial institutions. |
| Benchmark | ICE BofA GBP/Euro Fixed & Floating High Yield Non Financial 3% Constrained (Hedged to GBP) |
| Benchmark Category | - |
| IA Sector | £ High Yield |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Interest |
| 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.