abrdn OEIC abrdn High Yield Bond Platform 1 Acc

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 5.2% 7.1% -0.2% -3.5% 10.7%
Sector 5.7% 5.8% -0.6% -4.4% 9.5%
Rank 15/25 10/28 15/30 11/30 9/30
Quartile 3 2 2 2 2

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 2.2% 3.7% 3.7%
Sector 1.3% 3.0% 3.1%
Rank 11/30 8/25 5/21
Quartile 2 2 1

Top 10 Holdings

Stock % Weight
VIRGIN MEDIA VENDOR FIN 4.875% 07/15/2028 2.13
ROLLS-ROYCE PLC 5.75% 10/15/2027 1.85
STICHTING AK RABOBANK 6.5% 1.72
BELLIS ACQUISITION CO PL 4.5% 02/16/2026 1.66
ALBION FINANCING 1SARL / 5.25% 10/15/2026 1.63
TEVA PHARM FNC NL II 4.375% 05/09/2030 1.60
GOODYEAR EUROPE BV 2.75% 08/15/2028 1.54
ELECTRICITE DE FRANCE SA 5.375% 1.50
TK ELEVATOR MIDCO GMBH 4.375% 07/15/2027 1.50
ALTICE FINCO SA 4.75% 01/15/2028 1.48
Total 16.62

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 Milson manager for 5 years and 3 months

Photo of Arthur Milson 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 (27/03/2024) 89.54p
Distribution yield 5.92%
Underlying yield 5.92%
Fund size (31/01/2024) £227.79m
Number of holdings 145
Entry Charge 0.00%
Ongoing Charges 0.75%
Launch date 22/05/2012

Asset Allocation

pie chart
  International Bonds 79.13%
  UK Corporate Bonds 16.00%
  Cash and Equivalents 2.38%
  Alternative Trading Strategies 1.72%
  UK Gilts 0.27%
  Other Assets 0.49%
Portfolio data accurate as at: 31/01/24

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 79.13%
  UK Corporate Bonds 16.00%
  Cash and Equivalents 2.38%
  Alternative Trading Strategies 1.72%
  UK Gilts 0.27%
  Other Assets 0.49%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 95.40% - - -
 
Cash and Equivalents 2.38% - - -
 
Alternative Trading Strategies 1.72% - - -
 
Alternative Trading Strategies - 1.72% - -
 
Alternative Trading Strategies - - 1.72% -
 
Alternative Trading Strategies - - - 1.72%
 
Non-Classified 0.49% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 69.82%
  UK 16.27%
  North America 5.69%
  Non-Classified 4.09%
  Cash and Equivalents 2.38%
  South & Central America 0.79%
  Emerging Europe 0.78%
  Japan 0.17%

Fixed Interest Currencies

pie chart
  Euro 69.34%
  Pound Sterling 17.80%
  US Dollar 8.26%
  Cash 2.38%
  Non-Fixed Interest Assets 2.22%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 69.82% -
 
Netherlands - 19.40%
 
Luxembourg - 14.00%
 
Germany - 12.38%
 
France - 10.30%
 
Spain - 4.75%
 
Sweden - 2.95%
 
Italy - 2.68%
 
Ireland - 2.22%
 
Austria - 0.62%
 
Switzerland - 0.52%
 
UK 16.27% -
 
United Kingdom - 16.27%
 
North America 5.69% -
 
United States - 5.69%
 
Non-Classified 4.09% -
 
Cash and Equivalents 2.38% -
 
South & Central America 0.79% -
 
Mexico - 0.79%
 
Emerging Europe 0.78% -
 
Czech Republic - 0.78%
 
Japan 0.17% -
 
Japan - 0.17%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
68.58%
5Yr - 10Yr Maturity
 
 
15.77%
10Yr - 15Yr Maturity
 
 
1.39%
> 15Yr Maturity
 
 
9.67%
Cash And Equivalents
 
 
2.38%
Unknown Maturity
 
 
0.49%
Other Asset Types
 
 
1.72%

Fixed Interest Quality Profile

AA
 
 
0.27%
BBB
 
 
2.95%
Sub-Investment Grade
 
 
31.65%
Unknown Quality
 
 
60.53%
Cash and Equivalents
 
 
2.38%
Other Asset Types
 
 
2.22%

Top 10 Holdings

Stock % Weight Sector Country
1 VIRGIN MEDIA VENDOR FIN 4.875% 07/15/2028 2.13% Bonds Ireland
2 ROLLS-ROYCE PLC 5.75% 10/15/2027 1.85% Bonds United Kingdom
3 STICHTING AK RABOBANK 6.5% 1.72% Non-Classified Netherlands
4 BELLIS ACQUISITION CO PL 4.5% 02/16/2026 1.66% Bonds United Kingdom
5 ALBION FINANCING 1SARL / 5.25% 10/15/2026 1.63% Bonds Luxembourg
6 TEVA PHARM FNC NL II 4.375% 05/09/2030 1.60% Bonds Netherlands
7 GOODYEAR EUROPE BV 2.75% 08/15/2028 1.54% Bonds Netherlands
8 ELECTRICITE DE FRANCE SA 5.375% 1.50% Bonds France
9 TK ELEVATOR MIDCO GMBH 4.375% 07/15/2027 1.50% Bonds Germany
10 ALTICE FINCO SA 4.75% 01/15/2028 1.48% Bonds Luxembourg

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 B79RR98
Mex Code STINPL
Isin Code GB00B79RR984
Citi Code 10GG

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.75%

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 Crown Rating of 2

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 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.

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 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. "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.