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ABISX Aberdeen Asia Bond Institutional Svcs

  • Fund
  • ABISX
  • Price as of: Oct 16, 2018
  • $10.01
  • + $0.03
  • + 0.30%
  • Category
  • Emerging Markets Bonds

ABISX - Profile

Vitals

  • YTD Return -9.5%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $4.54 M
  • Holdings in Top 10 58.2%

52 WEEK LOW AND HIGH

$10.01
$9.96
$11.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.86%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 106.31%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Emerging Markets Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -9.5%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.01%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Aberdeen Asia Bond Fund
  • Fund Family Name Aberdeen
  • Inception Date Jan 04, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Adam McCabe

Fund Description

The fund invests primarily in bonds and other debt securities of Asian issuers. It invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in bonds of Asian issuers, and derivatives that reflect the performance of bonds of Asian issuers. The fund may invest without limit in emerging markets and in issuers of any market capitalization, including start-ups. It is non-diversified.

ABISX - Performance

Return Ranking - Trailing

Period ABISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -9.5% -19.5% 12.2% 50.44% 4
1 Yr -3.2% -22.3% 31.5% 42.57% 3
3 Yr 3.5% * -7.4% 17.9% 74.43% 4
5 Yr 1.8% * -4.8% 5.9% 52.63% 3
10 Yr 4.0% * 0.1% 9.8% 76.34% 4

* Annualized


Return Ranking - Calendar

Period ABISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 14.1% -25.2% 35.5% 3.11% 1
2016 1.5% -19.7% 219.0% 57.55% 4
2015 -4.0% -26.3% 21.6% 10.58% 1
2014 1.9% -24.6% 13.9% 7.53% 1
2013 -12.3% -20.6% 16.6% 49.75% 3

Total Return Ranking - Trailing

Period ABISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -9.5% -19.5% 12.2% 49.85% 4
1 Yr -3.2% -25.4% 31.5% 40.23% 2
3 Yr 3.5% * -7.4% 17.9% 66.56% 4
5 Yr 1.8% * -5.1% 5.9% 50.20% 3
10 Yr 4.0% * 0.1% 9.6% 76.34% 4

* Annualized


Total Return Ranking - Calendar

Period ABISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 14.1% -21.7% 35.5% 3.08% 1
2016 1.5% -16.0% 224.9% 65.41% 4
2015 -3.1% -26.3% 32.1% 29.49% 2
2014 3.4% -24.6% 19.4% 18.28% 1
2013 -8.0% -28.1% 26.9% 40.39% 3

NAV & Total Return History

ABISX - Holdings

Filings data as of: Aug 31, 2018

Concentration Analysis

ABISX Category Low Category High ABISX % Rank Quintile
Net Assets 4.54 M 2.77 M 5.98 B 36.05% 5
Number of Holdings 27 2 1048 29.07% 5
Net Assets in Top 10 2.68 M -162 M 1.56 B 32.56% 5
Weighting of Top 10 58.2% 0.0% 333.1% 3.49% 1

Top 10 Holdings

  1. ICICI Bank Limited 9.15% 15.72%
  2. China (People's Republic Of) 3.4% 6.41%
  3. India (Republic of) 8.17% 4.94%
  4. China Overseas Finance (Cayman) III Limited 5.38% 4.63%
  5. State Grid Overseas Investment (2016) Limited 3.5% 4.61%
  6. PEMERINTAH REPUBLIK INDONESIA 5.25% 4.59%
  7. PEMERINTAH REPUBLIK INDONESIA 5.62% 4.38%
  8. Malaysia (Government Of) 4.76% 4.38%
  9. PEMERINTAH REPUBLIK INDONESIA 6.12% 4.34%
  10. Royal Capital B.V. 4.88% 4.20%

Asset Allocation

Weighting Category Low Category High ABISX % Rank Quintile
Bonds
95.33% 0.00% 119.32% 9.59% 2
Cash
4.67% -74.56% 100.00% 21.80% 4
Stocks
0.00% -0.60% 100.27% 8.72% 5
Preferred Stocks
0.00% 0.00% 3.79% 4.07% 5
Other
0.00% -2.55% 12.96% 18.31% 5
Convertible Bonds
0.00% 0.00% 9.62% 8.72% 5

Bond Sector Breakdown

Weighting Category Low Category High ABISX % Rank Quintile
Corporate
50.99% 0.00% 89.70% 7.85% 1
Government
44.34% -2.12% 103.49% 25.29% 4
Cash & Equivalents
4.67% -75.01% 100.00% 20.35% 3
Derivative
0.00% -12.08% 21.31% 8.43% 4
Securitized
0.00% 0.00% 30.66% 7.85% 5
Municipal
0.00% 0.00% 1.92% 4.36% 5

Bond Geographic Breakdown

Weighting Category Low Category High ABISX % Rank Quintile
Non US
92.76% -202.01% 127.59% 7.85% 2
US
2.57% -54.54% 264.37% 15.70% 3

ABISX - Expenses

Operational Fees

ABISX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.86% 0.29% 35.56% 26.74% 3
Management Fee 0.50% 0.00% 1.30% 10.17% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.25% 0.01% 0.60% 4.72% 5

Sales Fees

ABISX Fees (% of AUM) Category Low Category High ABISX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

ABISX Fees (% of AUM) Category Low Category High ABISX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 1.00% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABISX Fees (% of AUM) Category Low Category High ABISX Rank Quintile
Turnover 106.31% 4.00% 568.00% 8.45% 4

ABISX - Distributions

Dividend Yield Analysis

ABISX Category Low Category High ABISX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.24% 58.20% 4

Dividend Distribution Analysis

ABISX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABISX Category Low Category High ABISX % Rank Quintile
Net Income Ratio 4.01% -0.29% 9.06% 51.45% 4

Capital Gain Distribution Analysis

ABISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

ABISX - Managers

Adam McCabe

Manager

Start Date

May 01, 2007

Tenure

11.42

Tenure Rank

1.2%

Adam McCabe is the Head of Asian Fixed Income. He joined Aberdeen via the acquisition of certain asset management businesses from Credit Suisse in 2009. Adam worked for Credit Suisse since 2001, where he was a director/investment manager responsible for the development and implementation of its Asian currency and interest rate strategies. Before that, he was a member of Credit Suisse’s Australian fixed income team, where he was responsible for interest rate and currency strategies. Adam was also Head of Fixed Income for Woori Credit Suisse Asset Management, Korea, where he was responsible for the fixed income and money market portfolio management, investment strategy and processes. Adam holds a BComm (First Class Honours and University Medal) from the University of Sydney, Australia and a Diploma in Global Finance from the Chinese University of Hong Kong.


Kenneth Akintewe

Manager

Start Date

May 01, 2009

Tenure

9.42

Tenure Rank

2.1%

Kenneth is a Senior Investment Manager on the Asian Fixed Income team, responsible for coordinating Asian interest rate and foreign exchange strategies. Following a graduate traineeship in 2002 with the global equities team in Glasgow, Kenneth joined the global fixed income team in London in 2003. In his role as assistant fund manager he transferred to Aberdeen’s Singapore office in 2004 to facilitate the incorporation of Asian fixed income into global bond portfolios, before joining the Asian fixed income team in 2005 to focus on Asian local currency interest rate and foreign exchange strategy. Kenneth holds an MA in Economics and an MSc in International Banking and Financial Studies from Heriot-Watt University, Edinburgh, UK.


Thomas Drissner

Manager

Start Date

Feb 28, 2014

Tenure

4.59

Tenure Rank

8.3%

Thomas is a Senior Investment Manager on the Asian Fixed Income team specializing in Corporate Credit. Thomas joined Aberdeen in 2010. Before transferring to Singapore in 2012, he worked as a Credit Analyst in Aberdeen’s EMEA Fixed Income team based in London. Before that, Thomas held positions at Standard & Poor’s, and Commerzbank in London. Thomas holds a degree in banking and finance from Baden-Wurttemberg State University.


Lin-Jing Leong

Manager

Start Date

Dec 31, 2013

Tenure

4.75

Tenure Rank

8.0%

Lin Jing is an Investment Manager on the Asian Fixed Income team. She joined Aberdeen in 2013 from the Reserve Management Section of the Central Bank of Malaysia where she specialized in investing in the Asian local currency bond market. Amongst other market coverage, Lin Jing has experience in coordinating investments in the Chinese interbank bond market and the QFII program. Lin Jing holds a Bachelor of Economics (Honours in Econometrics) from the University of Queensland, Australia. Lin Jing is a CFA Charterholder.


Tenure Analysis

Category Low

0.0

Category High

23.8

Category Average

4.59

Category Mode

3.8