abrdn OEIC abrdn AAA Bond

(Class R Income [GBP])

 

Performance

Cumulative Performance (%)

3m 6m 1Yr 3Yr 5Yr
Fund 1.49% 2.24% 3.77% 4.44% -7.20%
Sector 2.22% 2.47% 5.06% 10.48% 0.20%
Rank 18/97 31/96 64/96 68/92 77/89
Quartile 1 2 3 3 4

Discrete Performance (%) - to last month end

05/20 to 05/21 05/21 to 05/22 05/22 to 05/23 05/23 to 05/24 05/24 to 05/25
Fund -2.19% -6.79% -7.34% 4.63% 4.41%
Sector 3.84% -8.28% -7.50% 8.11% 5.23%
Rank 89/89 21/89 33/92 92/94 64/96
Quartile 4 1 2 4 3

Fund Aims

To generate income and some growth over the long term (5 years or more) by investing in sterling-denominated bonds with a high degree of creditworthiness. Performance Target: To achieve the return of the Markit iBoxx Sterling Non Gilts AAA plus 0.65% per annum over rolling three year periods (before charges). There is no certainty or promise that the Performance Target will be achieved. The Markit iBoxx Sterling Non Gilts AAA Index (the "Index") is a representative index of the market for sterling denominated AAA rated bonds, excluding bonds issued by the UK Government.

Fund Manager

Daniel McKernan manager for: 10 years 11 months

Daniel joined standard Life Investments as Head of Sterling Investment Grade Credit in September 2013. Prior to Joining Standard Life Investments, Daniel worked at SWIP in 2011 as Head of European and sterling credit. Prior to that he worked for 5 years at Blackrock where he was Director of Fixed Income and a senior Credit Portfolio Manager. Daniel joined Blackrock from Aegon Asset management where he was Head of Credit.Daniel graduated from City University, London with a BA in Banking and International Finance


Fund Overview

Price

Bid 50.85p

Offer 50.85p (16/06/2025)

Distribution yield
2.43%
£73.0m
Number of holdings
74
Initial charge
4.00%
Annual Management Charge
1.00%
Ongoing Charges
1.02%

Top 10 Holdings
Stock Name % Weight
LLOYDS BANK PLC 4.875% 03/30/2027 4.3%
INTL FINANCE CORP 0.75% 07/22/2027 3.5%
COMMONWEALTH BANK AUST 3% 09/04/2026 3.4%
CIE FINANCEMENT FONCIER 5.5% 01/26/2027 3.3%
BROADGATE FINANCING PLC 4.821% 07/05/2036 3.1%
EUROPEAN INVESTMENT BANK 5.625% 06/07/2032 3.0%
BNG BANK NV 4.25% 02/15/2029 3.0%
WELLCOME TRUST FINANCE 4.625% 07/25/2036 2.9%
NEDER WATERSCHAPSBANK 4.75% 01/31/2028 2.8%
NATIONAL AUSTRALIA BANK 3% 09/04/2026 2.7%
Total 32.1%

Asset Allocation
Name % Weight
International Bonds 73.46
UK Bonds 17.74
UK Gilt 6.37
Other 2.98
Hedge Funds -0.06
Cash & Equivalents -0.48


Data accurate at: 30/04/2025

Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.