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ALESX Aberdeen Latin American Equity Instl Svc

  • Fund
  • ALESX
  • Price as of: Aug 16, 2016
  • $7.03
  • - $0.00
  • - 0.00%
  • Category
  • Latin America Equities

ALESX - Profile

Vitals

  • YTD Return 41.2%
  • 3 Yr Annualized Return -6.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $3.73 M
  • Holdings in Top 10 48.8%

52 WEEK LOW AND HIGH

$7.03
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.94%

SALES FEES

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

BROKERAGE FEES

  • Turnover 11.97%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2016-08-01

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Latin America Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Latin America Stock

Distributions

  • YTD Total Return 42.7%
  • 3 Yr Annualized Total Return -4.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Aberdeen Latin American Equity Fund
  • Fund Family Name Aberdeen
  • Inception Date Mar 25, 2013
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Devan Kaloo

Fund Description

The fund will invest at least 80% of the value of its net assets in equity securities of Latin American companies. The advisor intends to diversify its investments across a number of different countries. However, at times it may invest a significant part of its assets in a single country. It may invest without limit, and the advisor expects to invest a significant portion of its assets, in emerging market countries. In addition, the fund may invest in securities of any market capitalization, including small and mid-cap securities. It is non-diversified.

ALESX - Performance

Return Ranking - Trailing

Period ALESX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 41.2% -5.0% 41.4% 6.25% 1
1 Yr 23.1% -29.5% 24.3% 20.69% 2
3 Yr -6.0% * -16.9% 15.9% 80.77% 5
5 Yr N/A * -14.8% 2.6% N/A N/A
10 Yr N/A * -3.2% 7.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period ALESX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -28.9% -32.6% 24.1% 78.13% 5
2017 -16.6% -32.6% 28.6% 65.52% 4
2016 N/A -13.6% 29.9% N/A N/A
2015 N/A -32.7% 0.0% N/A N/A
2014 N/A -26.9% 14.1% N/A N/A

Total Return Ranking - Trailing

Period ALESX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 42.7% -5.0% 42.7% 3.13% 1
1 Yr 25.2% -32.3% 25.2% 3.45% 1
3 Yr -4.7% * -17.5% 15.9% 65.38% 4
5 Yr N/A * -15.1% 2.6% N/A N/A
10 Yr N/A * -3.2% 7.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period ALESX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -28.0% -32.6% 24.8% 75.00% 5
2017 -15.6% -32.1% 28.6% 68.97% 4
2016 N/A -31.5% 29.9% N/A N/A
2015 N/A -32.7% 0.0% N/A N/A
2014 N/A -18.1% 14.7% N/A N/A

NAV & Total Return History

ALESX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

ALESX Category Low Category High ALESX % Rank Quintile
Net Assets 3.73 M 3.73 M 597 M 50.00% 5
Number of Holdings 41 1 64 21.88% 3
Net Assets in Top 10 1.73 M 0 309 M 40.63% 5
Weighting of Top 10 48.8% 0.0% 58.3% 18.75% 3

Top 10 Holdings

  1. Itau Unibanco Holding SA 6.81%
  2. Fomento Economico Mexicano SAB de CV ADR 4.44%
  3. Lojas Renner SA 5.25%
  4. Grupo Financiero Banorte SAB de CV Class O 4.38%
  5. Ultrapar Participacoes SA 4.26%
  6. Wal - Mart de Mexico SAB de CV Class V 3.05%
  7. Ambev SA 4.25%
  8. Bank Bradesco SA Pref Shs 8.38%
  9. Multiplan Empreendimentos Imobiliarios SA 4.78%
  10. BRF SA 3.14%

Asset Allocation

Weighting Category Low Category High ALESX % Rank Quintile
Stocks
97.02% 0.00% 99.95% 31.25% 4
Cash
2.72% 0.00% 100.00% 15.63% 2
Preferred Stocks
0.26% 0.00% 13.22% 9.38% 1
Other
0.00% -0.39% 4.63% 21.88% 5
Convertible Bonds
0.00% 0.00% 0.25% 6.25% 5
Bonds
0.00% 0.00% 23.03% 12.50% 5

Stock Sector Breakdown

Weighting Category Low Category High ALESX % Rank Quintile
Financial Services
27.34% 11.07% 40.27% 31.25% 4
Consumer Defense
22.92% 1.44% 30.03% 9.38% 1
Consumer Cyclical
14.91% 2.88% 25.30% 15.63% 2
Industrials
10.33% 2.24% 17.16% 25.00% 3
Real Estate
7.94% 0.00% 7.94% 3.13% 1
Basic Materials
6.19% 0.00% 19.86% 37.50% 4
Energy
4.26% 0.00% 11.75% 21.88% 3
Healthcare
1.92% 0.00% 13.23% 21.88% 3
Technology
1.21% 0.00% 4.85% 28.13% 4
Utilities
0.00% 0.00% 14.73% 43.75% 5
Communication Services
0.00% 0.00% 6.88% 40.63% 5

Stock Geographic Breakdown

Weighting Category Low Category High ALESX % Rank Quintile
Non US
94.58% 0.00% 99.05% 21.88% 3
US
2.44% 0.00% 20.40% 28.13% 3

ALESX - Expenses

Operational Fees

ALESX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 4.94% 1.01% 5.94% 12.50% 5
Management Fee 1.10% 0.69% 1.25% 9.38% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.08% 0.08% 0.25% 21.05% 1

Sales Fees

ALESX Fees (% of AUM) Category Low Category High ALESX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ALESX Fees (% of AUM) Category Low Category High ALESX Rank Quintile
Max Redemption Fee 2.00% 1.50% 2.00% 4.00% 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.

ALESX Fees (% of AUM) Category Low Category High ALESX Rank Quintile
Turnover 11.97% 11.97% 437.65% 46.88% 1

ALESX - Distributions

Dividend Yield Analysis

ALESX Category Low Category High ALESX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.15% 60.87% 4

Dividend Distribution Analysis

ALESX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

ALESX Category Low Category High ALESX % Rank Quintile
Net Income Ratio 1.54% -0.87% 2.45% 21.88% 2

Capital Gain Distribution Analysis

ALESX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

ALESX - Managers

Devan Kaloo

Manager

Start Date

Mar 25, 2013

Tenure

3.35

Tenure Rank

15.1%

Devan Kaloo is Head of Global Emerging Markets Equities for Aberdeen, taking up that position in 2005. He is also Global Head of Equities for the group. Devan joined Aberdeen in 2000 as part of the Asian equities team in Singapore, before later transferring to London. He started in fund management with Martin Currie in 1994 covering Latin America, before subsequently working with the North American equities, global asset allocation and eventually the Asian equities teams.


Fiona Manning

Manager

Start Date

Mar 25, 2013

Tenure

3.35

Tenure Rank

15.1%

Fiona Manning is a Senior Investment Manager on the Global Emerging Markets Equity Team. Fiona joined Aberdeen in 2005 via the acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses. Fiona graduated with a BA (Hons) in History with French from Durham University. Fiona is a CFA Charterholder.


Nick Robinson

Manager

Start Date

Mar 25, 2013

Tenure

3.35

Tenure Rank

15.1%

Nick Robinson is Senior Investment Manager on the Global Emerging Markets Equity Team. Nick joined Aberdeen in 2000 and spent eight years on the North American Equities Team, including three years based in Aberdeen's US offices. In 2008 he joined the Global Emerging Markets Equity team. Nick relocated to São Paulo in 2009 to start Aberdeen’s operations in Brazil. In 2016 he returned to London. Nick graduated with an MA in Chemistry from Lincoln College, Oxford and is a CFA charterholder.


Stephen Parr

Manager

Start Date

Mar 25, 2013

Tenure

3.35

Tenure Rank

15.1%

Stephen Parr is an investment manager on the Global Emerging Markets desk. Stephen joined Aberdeen in July 2009 following the acquisition of certain asset management businesses from Credit Suisse Asset Management. Previously, Stephen worked for Energis Communications as Head of Strategy. Prior to that, Stephen worked for Ernst & Young Management Consultants as a Managing Consultant and prior to that for Energis Communications, Northern Telecom, and CASE Communications in strategic planning and marketing management. Stephen graduated with a BA (Hons) in Geography from the University of Manchester, a PhD in Geography from the University of Keele and an MBA from Warwick Business School and is a CFA Charterholder.


Mark Gordon-James

Manager

Start Date

Mar 25, 2013

Tenure

3.35

Tenure Rank

15.1%

Mark Gordon-James is a Senior Investment Manager on the Global Emerging Markets Equity Team. Mark joined Aberdeen in 2004 from Merrill Lynch Investment Managers where he worked with the emerging markets team. Mark graduated with a BSc in Geography and Economics from the London School of Economics. Mark is a CFA Charterholder.


Tenure Analysis

Category Low

0.3

Category High

15.2

Category Average

3.98

Category Mode

4.3