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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

abrdn Global Infrastructure Fund

AIAFX | Fund

$21.78

$41.7 M

1.63%

$0.35

1.48%

Vitals

YTD Return

-4.8%

1 yr return

-0.7%

3 Yr Avg Return

1.5%

5 Yr Avg Return

4.7%

Net Assets

$41.7 M

Holdings in Top 10

29.6%

52 WEEK LOW AND HIGH

$21.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.48%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 30.75%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

abrdn Global Infrastructure Fund

AIAFX | Fund

$21.78

$41.7 M

1.63%

$0.35

1.48%

AIAFX - Profile

Distributions

  • YTD Total Return -4.8%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    abrdn Global Infrastructure Fund
  • Fund Family Name
    abrdnfunds
  • Inception Date
    Nov 03, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Josh Duitz

Fund Description

As a non-fundamental policy, under normal circumstances, the Infrastructure Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of U.S. and non-U.S. infrastructure related issuers. An “infrastructure-related” issuer has (i) at least 50% of its assets consisting of infrastructure assets or (ii) 50% of its gross income or net profits attributable to or derived, directly or indirectly, from the ownership, management, construction, development, operation, utilization or financing of infrastructure assets. Infrastructure assets are the physical structures and networks that provide necessary services to society. Examples of infrastructure assets include, but are not limited to, transportation assets (e.g., toll roads, bridges, tunnels, parking facilities, railroads, rapid transit links, airports, refueling facilities and seaports), utility assets (e.g., electric transmission and distribution lines, power generation facilities, gas and water distribution facilities, waste collection, broadcast and wireless towers, and cable and satellite networks) and social assets (e.g., courthouses, hospitals, schools, correctional facilities, stadiums and subsidized housing). The Fund concentrates its investments in infrastructure-related issuers. Infrastructure-related issuers fall into multiple market sectors. The Fund currently anticipates that it will be heavily exposed to the industrials and utilities sectors.
The Fund may invest without limitation in the securities of foreign issuers that are publicly traded in the United States or on foreign exchanges, including securities of emerging market issuers, and in depositary receipts (such as American Depositary Receipts (“ADRs”)) that represent indirect interests in securities of foreign issuers. The Fund is permitted to invest in unlisted foreign securities, but currently does not intend to do so as a principal strategy.
The Fund may invest in companies of any market capitalization.
Under normal market conditions, the Fund maintains no less than 40% of its net assets (plus the amount of any borrowings for investment purposes) in the securities of issuers located outside of the United States and will allocate its assets among issuers located in no fewer than three different countries, one of which may be the United States. The Fund considers an issuer to be located in a country if it meets any of the following criteria: (i) the issuer is organized under the laws of the country or maintains its principal place of business in that country; (ii) the issuer’s securities are traded principally in the country; or (iii) during the issuer’s most recent fiscal year, such issuer derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in the country or has at least 50% of its assets in that country.
In seeking to achieve the Fund’s investment objective, the Adviser and Sub-adviser invest in quality companies and are an active, engaged owners. The Adviser and Sub-adviser evaluate every company against quality criteria and build conviction using a team-based approach and peer review process. The quality assessment covers five key factors: 1) the durability of the business model, 2) the attractiveness of the industry, 3) the strength of financials, 4) the capability of management, and 5) the most material environmental, social and governance (“ESG”) factors impacting a company. As ESG information is just one investment consideration, ESG considerations generally are not solely determinative in any investment decision made by the Adviser and Sub-adviser. Through fundamental research, supported by a global research presence, the Adviser and Sub-adviser seek to identify companies whose quality and future prospects are not yet fully recognized by the market.
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AIAFX - Performance

Return Ranking - Trailing

Period AIAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -15.6% 8.6% 59.00%
1 Yr -0.7% -28.9% 35.8% 20.00%
3 Yr 1.5%* -14.4% 14.2% 19.59%
5 Yr 4.7%* -2.6% 18.6% 15.85%
10 Yr N/A* 1.0% 8.8% 23.91%

* Annualized

Return Ranking - Calendar

Period AIAFX Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -17.5% 30.1% 4.00%
2022 -12.2% -28.1% -3.4% 65.00%
2021 9.5% -28.7% 35.7% 43.16%
2020 -2.1% -12.5% 28.8% 28.92%
2019 23.2% 9.9% 33.6% 42.68%

Total Return Ranking - Trailing

Period AIAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -15.6% 8.6% 59.00%
1 Yr -0.7% -28.9% 35.8% 20.00%
3 Yr 1.5%* -14.4% 14.2% 19.59%
5 Yr 4.7%* -2.6% 18.6% 15.85%
10 Yr N/A* 1.0% 8.8% 39.13%

* Annualized

Total Return Ranking - Calendar

Period AIAFX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% -15.6% 31.0% 4.00%
2022 -8.2% -27.1% -0.5% 58.00%
2021 13.2% -3.5% 36.4% 69.47%
2020 1.5% -11.2% 29.9% 25.30%
2019 28.1% 16.7% 35.3% 42.68%

NAV & Total Return History

AIAFX - Holdings

Concentration Analysis

AIAFX Category Low Category High AIAFX % Rank
Net Assets 41.7 M 1.83 M 8.77 B 84.16%
Number of Holdings 53 27 233 41.58%
Net Assets in Top 10 12.8 M 757 K 4.96 B 92.08%
Weighting of Top 10 29.58% 9.2% 63.5% 96.04%

Top 10 Holdings

  1. Ferrovial SE 3.41%
  2. Enbridge Inc 3.19%
  3. Aena SME SA 3.19%
  4. Vinci SA 3.09%
  5. NextEra Energy Inc 2.89%
  6. Cellnex Telecom SA 2.84%
  7. Williams Cos Inc/The 2.80%
  8. American Tower Corp 2.76%
  9. Engie SA 2.76%
  10. Veolia Environnement SA 2.66%

Asset Allocation

Weighting Return Low Return High AIAFX % Rank
Stocks 		100.13% 86.92% 102.71% 8.91%
Preferred Stocks 		0.00% 0.00% 2.81% 100.00%
Other 		0.00% -0.32% 3.11% 86.14%
Convertible Bonds 		0.00% 0.00% 2.46% 100.00%
Cash 		0.00% 0.00% 8.69% 100.00%
Bonds 		0.00% 0.00% 6.41% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High AIAFX % Rank
Industrials 		40.75% 0.00% 68.24% 3.96%
Utilities 		29.48% 3.71% 96.19% 87.13%
Communication Services 		12.28% 0.00% 27.53% 11.88%
Energy 		9.40% 0.00% 32.46% 67.33%
Real Estate 		5.26% 0.00% 23.51% 71.29%
Basic Materials 		1.85% 0.00% 25.54% 13.86%
Technology 		0.56% 0.00% 25.65% 45.54%
Consumer Cyclical 		0.42% 0.00% 10.02% 5.94%
Healthcare 		0.00% 0.00% 6.54% 100.00%
Financial Services 		0.00% 0.00% 17.28% 100.00%
Consumer Defense 		0.00% 0.00% 0.99% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High AIAFX % Rank
Non US 		56.94% 0.00% 98.80% 15.84%
US 		43.19% 1.21% 99.74% 83.17%

AIAFX - Expenses

Operational Fees

AIAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.30% 18.17% 29.59%
Management Fee 0.75% 0.30% 1.00% 26.73%
12b-1 Fee 0.25% 0.00% 1.00% 62.50%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

AIAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 4.50% 5.75% 27.78%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

AIAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 96.15%

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.

AIAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.75% 13.00% 128.00% 18.75%

AIAFX - Distributions

Dividend Yield Analysis

AIAFX Category Low Category High AIAFX % Rank
Dividend Yield 1.63% 0.00% 5.75% 17.82%

Dividend Distribution Analysis

AIAFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

AIAFX Category Low Category High AIAFX % Rank
Net Income Ratio 1.95% -0.39% 4.38% 29.90%

Capital Gain Distribution Analysis

AIAFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

AIAFX - Fund Manager Analysis

Managers

Josh Duitz

Start Date

Tenure

Tenure Rank

Nov 03, 2008

13.58

13.6%

Josh Duitz is Deputy Head of Global Equities at abrdn. Josh is responsible for managing the Aberdeen Global Infrastructure Fund, Aberdeen Global Infrastructure Income Fund, Aberdeen Total Dynamic Dividend Fund, Aberdeen Global Dynamic Dividend Fund, Aberdeen Dynamic Dividend Fund, and the Aberdeen SICAV Global Dynamic Dividend Fund (AIFRX, ASGI, AOD, AGD, ADVDX, ABGDDAD). Josh joined abrdn in 2018 from Alpine Woods Capital Management where he was a Portfolio Manager. Previously, Josh worked for Bear Stearns where he was a Managing Director, Principal and traded international equities. Prior to that, Josh worked for Arthur Andersen where he was a senior auditor.

Donal Reynolds

Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Donal is Senior Vice President in the Global Equity Team and is is lead Portfolio Manager for the Global Equity SICAV and the Global Focused Funds (OIEC & SICAV), as well as being involved in the management of the Global Innovation Fund at Aberdeen Standard Investments*. Donal joined Standard Life Investments in 2006 as a Investment Process Analyst. In 2010, he transferred to the US Equity Team in Boston as Vice President. In 2014, he was promoted to Senior Vice President, Global Equities. Prior to this Donal worked for a number of firms, including BIL-Dexia, ING, JP Morgan and Aegon.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.94 8.08

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