abrdn OEIC abrdn Global Ethical Equity Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 31/07/17 to 31/07/18 |
31/07/18 to 31/07/19 |
31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
|
|---|---|---|---|---|---|
| Fund | 8.1% | 10.2% | -0.8% | 29.9% | -8.6% |
| Sector | 10.2% | 9.8% | 0.5% | 26.8% | -2.9% |
| Rank | 250/330 | 164/371 | 251/405 | 177/441 | 307/487 |
| Quartile | 4 | 2 | 3 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/22 |
5 Years to 31/07/22 |
10 Years to 31/07/22 |
||
| Fund | 5.6% | 7.0% | 8.1% | |
| Sector | 7.4% | 8.4% | 10.9% | |
| Rank | 297/405 | 218/330 | 184/206 | |
| Quartile | 3 | 3 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| VISA INC | 3.84 |
| MICROSOFT CORP | 3.81 |
| TAIWAN SEMICONDUCTOR MANUFACTURING | 3.51 |
| AIA GROUP LTD | 3.49 |
| KANSAS CITY SOUTHERN | 3.20 |
| CME GROUP INC | 3.17 |
| PEPSICO INC | 3.08 |
| ASML HOLDING NV | 2.82 |
| TJX COS INC | 2.79 |
| OVERSEA-CHINESE BANKING CORP | 2.73 |
| Total | 32.44 |
Fund Aims
To generate growth over the long term (5 years or more) by investing in global equities (company shares) which adhere to the abrdn Sustainable and Responsible Investment Equity Approach.
Performance Target: To achieve the return of the MSCI AC World Index plus 3% per annum over rolling three year periods (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.
The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index.
Fund Manager
Global Equity Team
Fund Overview
| Mid (12/08/2022) | 379.56p |
| Historic yield | 0.00% |
| Fund size (31/05/2021) | £168.29m |
| Number of holdings | 43 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.84% |
| Launch date | 01/05/1999 |
Asset Allocation
| International Equities | 90.57% | |
| UK Equities | 5.43% | |
| Property | 2.47% | |
| Money Market | 1.22% | |
| Cash and Equivalents | 0.32% |
Commentary
Global equity performance was mixed in March, as markets in the UK and Continental Europe gained on robust merger and acquisition activity, while emerging markets underperformed. Monetary policy around the world continued to be tightened: both the US Federal Reserve and European Central Bank raised interest rates by 0.25%, to 4.75% and 2.50%, respectively; while the Bank of Japan ended its five-year long policy of excess liquidity, a move seen as a precursor to a rate increase. In contrast, the Bank of England kept base rates unchanged. Global bond yields continued to rise, on increased risk aversion, and concerns over persistently strong oil prices. During the month, we exited French auto components maker, Valeo.We also invested new money by adding to the fund’s existing holdings. In terms of investment strategy, we continue to favour well-managed companies, which offer strong cashflows and high dividend yields at reasonable valuations.
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.
Asset Allocation
| International Equities | 90.57% | |
| UK Equities | 5.43% | |
| Property | 2.47% | |
| Money Market | 1.22% | |
| Cash and Equivalents | 0.32% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 25.49% | - | - | - | |
| Industrial Goods & Services | - | 21.25% | - | - | |
| Industrial Transportation | - | - | 7.38% | - | |
| Transportation Services | - | - | - | 4.19% | |
| Railroads | - | - | - | 3.20% | |
| Industrial Support Services | - | - | 6.26% | - | |
| Transaction Processing Services | - | - | - | 6.26% | |
| Electronic & Electrical Equipment | - | - | 4.17% | - | |
| Electrical Components | - | - | - | 2.40% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.77% | |
| Industrial Engineering | - | - | 3.43% | - | |
| Machinery: Construction & Handling | - | - | - | 2.51% | |
| Machinery: Agricultural | - | - | - | 0.92% | |
| Construction & Materials | - | 4.25% | - | - | |
| Construction & Materials | - | - | 4.25% | - | |
| Building: Climate Control | - | - | - | 2.59% | |
| Engineering & Contracting Services | - | - | - | 1.65% | |
| Financials | 20.63% | - | - | - | |
| Financial Services | - | 14.41% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.62% | - | |
| Investment Services | - | - | - | 7.62% | |
| Finance & Credit Services | - | - | 6.80% | - | |
| Financial Data & Systems | - | - | - | 4.13% | |
| Mortgage Finance | - | - | - | 2.67% | |
| Insurance | - | 3.49% | - | - | |
| Life Insurance | - | - | 3.49% | - | |
| Life Insurance | - | - | - | 3.49% | |
| Banks | - | 2.73% | - | - | |
| Banks | - | - | 2.73% | - | |
| Banks | - | - | - | 2.73% | |
| Technology | 20.55% | - | - | - | |
| Technology | - | 20.55% | - | - | |
| Software & Computer Services | - | - | 12.50% | - | |
| Software | - | - | - | 12.50% | |
| Technology Hardware & Equipment | - | - | 8.04% | - | |
| Semiconductors | - | - | - | 5.22% | |
| Production Technology Equipment | - | - | - | 2.82% | |
| Consumer Discretionary | 19.58% | - | - | - | |
| Consumer Products & Services | - | 8.24% | - | - | |
| Personal Goods | - | - | 4.42% | - | |
| Clothing & Accessories | - | - | - | 4.42% | |
| Consumer Services | - | - | 2.23% | - | |
| Consumer Services: Misc. | - | - | - | 2.23% | |
| Leisure Goods | - | - | 1.58% | - | |
| Recreational Products | - | - | - | 1.58% | |
| Retail | - | 7.22% | - | - | |
| Retailers | - | - | 7.22% | - | |
| Apparel Retailers | - | - | - | 4.96% | |
| Diversified Retailers | - | - | - | 2.26% | |
| Travel & Leisure | - | 2.07% | - | - | |
| Travel & Leisure | - | - | 2.07% | - | |
| Travel & Tourism | - | - | - | 2.07% | |
| Automobiles & Parts | - | 2.04% | - | - | |
| Automobiles & Parts | - | - | 2.04% | - | |
| Auto Parts | - | - | - | 2.04% | |
| Consumer Staples | 5.09% | - | - | - | |
| Food, Beverage & Tobacco | - | 3.08% | - | - | |
| Beverages | - | - | 3.08% | - | |
| Soft Drinks | - | - | - | 3.08% | |
| Personal Care, Drug & Grocery Stores | - | 2.01% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.01% | - | |
| Drug Retailers | - | - | - | 2.01% | |
| Health Care | 3.58% | - | - | - | |
| Health Care | - | 3.58% | - | - | |
| Medical Equipment & Services | - | - | 2.43% | - | |
| Medical Equipment | - | - | - | 2.43% | |
| Pharmaceuticals & Biotechnology | - | - | 1.15% | - | |
| Pharmaceuticals | - | - | - | 1.15% | |
| Real Estate | 2.47% | - | - | - | |
| Real Estate | - | 2.47% | - | - | |
| Real Estate Investment Trusts | - | - | 2.47% | - | |
| Diversified REITs | - | - | - | 2.47% | |
| Non-Classified | 1.22% | - | - | - | |
| Energy | 1.07% | - | - | - | |
| Energy | - | 1.07% | - | - | |
| Renewable Energy | - | - | 1.07% | - | |
| Renewable Energy Equipment | - | - | - | 1.07% | |
| Cash and Equivalents | 0.32% | - | - | - | |
Regional Allocation
| North America | 48.00% | |
| Developed Europe - Excl UK | 19.56% | |
| Developed Asia | 8.58% | |
| Emerging Asia | 7.25% | |
| UK | 5.43% | |
| Japan | 3.35% | |
| Property | 2.47% | |
| South & Central America | 2.01% | |
| Australia & New Zealand | 1.83% | |
| Other Regions | 1.53% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.24% | |
| Cash | 0.38% | |
| Pound Sterling | 0.38% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 48.00% | - | |
United States
|
- | 45.76% | |
Canada
|
- | 2.23% | |
| Developed Europe - Excl UK | 19.56% | - | |
Netherlands
|
- | 2.82% | |
Ireland
|
- | 2.59% | |
Sweden
|
- | 2.51% | |
Italy
|
- | 2.47% | |
Switzerland
|
- | 2.43% | |
France
|
- | 2.40% | |
Spain
|
- | 2.17% | |
Germany
|
- | 2.16% | |
| Developed Asia | 8.58% | - | |
Hong Kong
|
- | 5.85% | |
Singapore
|
- | 2.73% | |
| Emerging Asia | 7.25% | - | |
Taiwan
|
- | 3.51% | |
India
|
- | 2.67% | |
China
|
- | 1.07% | |
| UK | 5.43% | - | |
United Kingdom
|
- | 5.43% | |
| Japan | 3.35% | - | |
Japan
|
- | 3.35% | |
| Property | 2.47% | - | |
| South & Central America | 2.01% | - | |
Brazil
|
- | 2.01% | |
| Australia & New Zealand | 1.83% | - | |
New Zealand
|
- | 1.83% | |
| Non-Classified | 1.22% | - | |
| Cash and Equivalents | 0.32% | - | |
Breakdown By Market Cap (%)
| Mega |
|
65.78% |
| Large |
|
15.82% |
| Medium |
|
10.06% |
| Non-Classified |
|
8.03% |
| Cash |
|
0.32% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | VISA INC | 3.84% | Industrial Support Services | United States |
| 2 | MICROSOFT CORP | 3.81% | Software & Computer Services | United States |
| 3 | TAIWAN SEMICONDUCTOR MANUFACTURING | 3.51% | Technology Hardware & Equipment | Taiwan |
| 4 | AIA GROUP LTD | 3.49% | Life Insurance | Hong Kong |
| 5 | KANSAS CITY SOUTHERN | 3.20% | Industrial Transportation | United States |
| 6 | CME GROUP INC | 3.17% | Investment Banking & Brokerage Services | United States |
| 7 | PEPSICO INC | 3.08% | Beverages | United States |
| 8 | ASML HOLDING NV | 2.82% | Technology Hardware & Equipment | Netherlands |
| 9 | TJX COS INC | 2.79% | Retailers | United States |
| 10 | OVERSEA-CHINESE BANKING CORP | 2.73% | Banks | Singapore |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 2.68% | 17.86% | - | - | - | - | - | - | 20.55% |
| Financials | 1.59% | 19.04% | - | - | - | - | - | - | 20.63% |
| Real Estate | - | - | - | - | - | 2.47% | - | - | 2.47% |
| Consumer Discretionary | - | 19.58% | - | - | - | - | - | - | 19.58% |
| Consumer Staples | - | 5.09% | - | - | - | - | - | - | 5.09% |
| Energy | - | 1.07% | - | - | - | - | - | - | 1.07% |
| Health Care | 1.15% | 2.43% | - | - | - | - | - | - | 3.58% |
| Industrials | - | 25.49% | - | - | - | - | - | - | 25.49% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.32% | 0.32% |
| Non-Classified | - | - | - | - | - | - | 1.22% | - | 1.22% |
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 | 0683393 |
| Mex Code | MJEWFC |
| Isin Code | GB0006833932 |
| Citi Code | MJ42 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.84% |
Aims and Benchmark
| Aims | To generate growth over the long term (5 years or more) by investing in global equities (company shares) which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. Performance Target: To achieve the return of the MSCI AC World Index plus 3% per annum over rolling three year periods (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. The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index. |
| Benchmark | MSCI AC World |
| Benchmark Category | - |
| IA Sector | Global |
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 | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 30 April |
| 01 August | 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 | DST Financial Services Europe |
| 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 | £500000 |
| Minimum Top Up | £10000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.95 |
| Beta | 1.21 |
| Sharpe | 0.12 |
| Standard Deviation | 17.63 |
| Info Ratio | -0.17 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | Yes |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. 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.