abrdn Emerging Markets Debt Instl Sev
Name
As of 02/16/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.6%
1 yr return
-17.1%
3 Yr Avg Return
-12.1%
5 Yr Avg Return
-7.4%
Net Assets
$30.2 M
Holdings in Top 10
20.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.56%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/16/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AKFSX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return -12.1%
- 5 Yr Annualized Total Return -6.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.75%
- Dividend Yield 22.7%
- Dividend Distribution Frequency N/A
Fund Details
-
Legal Nameabrdn Emerging Markets Debt Fund
-
Fund Family NameAberdeen
-
Inception DateNov 01, 2012
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew Stanners
Fund Description
As a non-fundamental policy, under normal circumstances, the Emerging Markets Debt Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in emerging market debt securities. An emerging market country is any country determined by the Adviser or Subadviser to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets. Emerging market countries include every nation in the world except the United States, the United Kingdom, Canada, Japan, Australia, New Zealand, Israel, Hong Kong, Singapore and most countries located in Western Europe. Emerging market debt securities include securities issued by: (a) government-related bodies of emerging market countries and/or (b) a corporation that Fund management has determined meets one or more of the following criteria:
● | the company is organized under the laws of, or has its principal office in an emerging market country; |
● | the company has its principal securities trading market in an emerging market country; and/or |
● | the company derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in an emerging market country. |
Debt securities, for purposes of the Fund’s 80% policy, include but are not limited to conventional and index-linked bonds, debt-related interest rate swaps, conventional bonds, inflation-linked bonds and debt-related private placements including securities issued under Rule 144A or Regulation S (“Regulation S Securities”). The Fund may invest in both investment-grade and high yield securities (commonly referred to as “junk bonds”). The Fund may invest in securities of any maturity.
The Emerging Markets Debt Fund is non-diversified and may invest a significant portion of its assets in the securities of a single issuer or a small number of issuers.
The Adviser will seek to identify those instruments that are likely to provide the greatest outperformance, taking account of forward-looking risks. It will assess both the risk-return profile of an individual investment, as well as the risk-return impact of its incremental addition to the Fund as a whole, and then construct a risk-controlled portfolio of instruments. The Adviser examines the material risks of an investment across a spectrum of considerations including financial metrics, regional and national conditions, industry specific factors and ESG (Environmental, Social and Governance) risks. ESG considerations are fully integrated across all asset classes. Although ESG investing is not a principal strategy of the Fund, the Adviser considers and assesses how these issues are managed and mitigated as well as the opportunities they might create for the issuer.
The Fund may invest in derivative instruments. Derivative instruments may be used for hedging purposes and for gaining risk exposures to countries, currencies and securities that are permitted investments for the Fund. The Fund may use derivative instruments as a substitute for purchasing or selling securities or for non-hedging purposes to seek to enhance
potential gains. Permitted derivative instruments include, but are not limited to, fixed income futures, non-deliverable forwards and swaps (including, but not limited to, credit default, credit derivative, interest rate, currency and inflation swaps). Derivative instruments may be used to adjust the interest rate, yield curve, currency, credit and spread risk exposure of the Fund, or for other purposes deemed necessary by the Adviser and/or Subadviser to pursue the Fund’s investment objective. Credit derivatives may be used to adjust the Fund’s exposure to the emerging market debt sector and/or sell/buy protection on the credit risk of individual issuers or a basket of individual issuers. The Fund may take short positions via derivatives in securities, interest rates, credits, currencies and markets. In complying with the minimum and maximum investment limitations set forth above, the Fund may include investments in derivatives with an underlying asset with economic characteristics similar to the investments included in such limitation.
For additional information regarding derivatives, see “Fund Details: Additional Information about Investments, Investment Techniques and Risks” in the prospectus.
AKFSX - Performance
Return Ranking - Trailing
Period | AKFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -23.5% | 4.2% | 36.19% |
1 Yr | -17.1% | -30.0% | 1.1% | 76.84% |
3 Yr | -12.1%* | -21.4% | 12.5% | 88.55% |
5 Yr | -7.4%* | -21.7% | 6.2% | 83.39% |
10 Yr | -3.9%* | -15.9% | 5.4% | 38.73% |
* Annualized
Return Ranking - Calendar
Period | AKFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -22.3% | -58.7% | 15.1% | 80.46% |
2022 | -5.3% | -12.8% | 25.4% | 75.37% |
2021 | -0.2% | -12.0% | 25.9% | 75.60% |
2020 | 2.4% | -19.2% | 4.2% | 22.70% |
2019 | -2.7% | -7.2% | 9.9% | 86.89% |
Total Return Ranking - Trailing
Period | AKFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -23.5% | 4.2% | 36.19% |
1 Yr | -17.1% | -30.0% | 1.1% | 77.12% |
3 Yr | -12.1%* | -21.4% | 12.5% | 88.55% |
5 Yr | -6.8%* | -21.7% | 6.2% | 76.22% |
10 Yr | -1.8%* | -15.9% | 9.4% | 23.12% |
* Annualized
Total Return Ranking - Calendar
Period | AKFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -22.3% | -58.7% | 15.1% | 80.46% |
2022 | -5.3% | -12.8% | 25.4% | 75.66% |
2021 | -0.2% | -7.1% | 25.9% | 75.60% |
2020 | 2.4% | -19.2% | 10.9% | 23.93% |
2019 | -2.0% | -7.2% | 9.9% | 53.11% |
NAV & Total Return History
AKFSX - Holdings
Concentration Analysis
AKFSX | Category Low | Category High | AKFSX % Rank | |
---|---|---|---|---|
Net Assets | 30.2 M | 49.1 K | 15.5 B | 81.89% |
Number of Holdings | 123 | 3 | 2121 | 81.32% |
Net Assets in Top 10 | 6.76 M | -134 M | 1.25 B | 78.57% |
Weighting of Top 10 | 20.82% | 2.2% | 100.0% | 57.38% |
Top 10 Holdings
- Secretaria Tesouro Nacional 10% 3.66%
- Russian Federation 7.75% 3.00%
- Secretaria Tesouro Nacional 10% 2.98%
- Mexico (United Mexican States) 5.75% 2.94%
- Perusahaan Penerbit SBSN Indonesia III 4.35% 2.73%
- Secretaria Tesouro Nacional 6% 2.38%
- Saudi Arabia (Kingdom of) 5% 2.08%
- Egypt (Arab Republic of) 7.6% 2.04%
- Angola (Republic of) 9.375% 2.02%
- Ukraine (Republic of) 7.75% 1.88%
Asset Allocation
Weighting | Return Low | Return High | AKFSX % Rank | |
---|---|---|---|---|
Bonds | 97.07% | -0.02% | 116.66% | 18.13% |
Cash | 2.31% | -16.66% | 101.67% | 78.51% |
Convertible Bonds | 0.62% | 0.00% | 26.58% | 30.30% |
Stocks | 0.00% | -0.47% | 2.07% | 61.54% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 49.04% |
Other | 0.00% | -3.28% | 3.53% | 48.48% |
AKFSX - Expenses
Operational Fees
AKFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.01% | 2.87% | 72.25% |
Management Fee | 0.60% | 0.00% | 1.10% | 27.76% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.25% | 0.02% | 0.65% | 77.87% |
Sales Fees
AKFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AKFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | 5.26% |
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.
AKFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 71.56% | 0.00% | 302.00% | 63.84% |
AKFSX - Distributions
Dividend Yield Analysis
AKFSX | Category Low | Category High | AKFSX % Rank | |
---|---|---|---|---|
Dividend Yield | 22.66% | 0.00% | 30.95% | 3.50% |
Dividend Distribution Analysis
AKFSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Monthly | Monthly |
Net Income Ratio Analysis
AKFSX | Category Low | Category High | AKFSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.75% | -2.28% | 9.04% | 6.42% |
Capital Gain Distribution Analysis
AKFSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2022 | $0.385 | OrdinaryDividend |
Sep 19, 2022 | $0.035 | OrdinaryDividend |
Jun 21, 2022 | $0.158 | OrdinaryDividend |
Sep 20, 2021 | $0.100 | OrdinaryDividend |
Dec 23, 2020 | $0.306 | OrdinaryDividend |
Sep 21, 2020 | $0.092 | OrdinaryDividend |
Jun 22, 2020 | $0.059 | OrdinaryDividend |
Mar 16, 2020 | $0.046 | OrdinaryDividend |
Dec 23, 2019 | $0.183 | OrdinaryDividend |
Sep 16, 2019 | $0.088 | OrdinaryDividend |
Jun 17, 2019 | $0.019 | OrdinaryDividend |
Mar 18, 2019 | $0.156 | OrdinaryDividend |
Dec 21, 2018 | $0.146 | OrdinaryDividend |
Sep 17, 2018 | $0.131 | OrdinaryDividend |
Jun 18, 2018 | $0.128 | OrdinaryDividend |
Mar 19, 2018 | $0.073 | OrdinaryDividend |
Dec 22, 2017 | $0.216 | OrdinaryDividend |
Sep 18, 2017 | $0.118 | OrdinaryDividend |
Jun 19, 2017 | $0.127 | OrdinaryDividend |
Mar 20, 2017 | $0.043 | OrdinaryDividend |
Dec 21, 2015 | $0.278 | OrdinaryDividend |
Jun 22, 2015 | $0.088 | OrdinaryDividend |
Mar 23, 2015 | $0.067 | OrdinaryDividend |
Dec 22, 2014 | $0.205 | OrdinaryDividend |
Sep 15, 2014 | $0.131 | OrdinaryDividend |
Jun 16, 2014 | $0.045 | OrdinaryDividend |
Mar 17, 2014 | $0.021 | OrdinaryDividend |
Dec 23, 2013 | $0.164 | OrdinaryDividend |
Sep 16, 2013 | $0.042 | OrdinaryDividend |
Jun 17, 2013 | $0.071 | OrdinaryDividend |
Mar 18, 2013 | $0.073 | OrdinaryDividend |
Dec 21, 2012 | $0.057 | OrdinaryDividend |
AKFSX - Fund Manager Analysis
Managers
Andrew Stanners
Start Date
Tenure
Tenure Rank
Nov 01, 2012
9.58
9.6%
Andrew Stanners is an Investment Director on the Emerging Market Debt Team at abrdn. Andrew joined the company via the acquisition of Deutsche Asset Management’s London and Philadelphia fixed income businesses in 2005. Andrew held a similar role at Deutsche Asset Management, which he re-joined in 2004 following a short appointment as an Analyst at Cheyne Capital. Andrew initially joined Deutsche Asset Management in 2001. Andrew graduated with a BA joint honours in Economics and Economic History from York University.
Kevin Daly
Start Date
Tenure
Tenure Rank
Nov 01, 2012
9.58
9.6%
Mr. Daly is an Investment Director on the EMD team at Aberdeen Standard Investments. Kevin joined Aberdeen Asset Management in 2007 having spent the previous ten years at Standard & Poor’s in London and Singapore. During that time Kevin worked as a Credit Market Analyst covering global emerging debt and was Head of Origination for Global Sovereign Ratings. Kevin was a regular participant on the Global Sovereign Ratings Committee and was one of the initial members of the Emerging Market Council, formed in 2006 to advise senior management on business and market developments in emerging markets.
Viktor Szabo
Start Date
Tenure
Tenure Rank
Nov 01, 2012
9.58
9.6%
Viktor Szabó is an Investment Director on the EMD team at Aberdeen Standard Investments. Viktor joined Aberdeen Asset Management via the acquisition of certain asset management businesses from Credit Suisse Asset Management in 2009. Previously, Viktor worked for Credit Suisse Asset Management Hungary as country Chief Investment Officer. Prior to that, Viktor worked for the National Bank of Hungary as the Head of Market Analysis team. Viktor graduated with an MSc in Economics from the Corvinus University of Budapest. Viktor is a CFA Charterholder.
Edwin Gutierrez
Start Date
Tenure
Tenure Rank
Nov 01, 2012
9.58
9.6%
Edwin Gutierrez is the Head of Emerging Market Sovereign Debt at abrdn. Edwin joined the company via the acquisition of Deutsche Asset Management’s London and Philadelphia fixed income businesses in 2005, where he held the same role since joining Deutsche in 2000. Edwin joined Deutsche Asset Management from Invesco Asset Management where he was an emerging debt portfolio manager. Prior to that, Edwin was a Latin American economist at LGT Asset Management. Edwin has an MS from the School of Foreign Service at Georgetown University and BA in Political Economy from the University of California, Berkeley.
Brett Diment
Start Date
Tenure
Tenure Rank
Nov 01, 2012
9.58
9.6%
Brett Diment is the Head of Emerging Markets Debt at abrdn. Brett joined the company via the acquisition of Deutsche Asset Management’s London and Philadelphia fixed income businesses in 2005, where he held the same role since 1999. Brett joined Deutsche Asset Management in 1991 as a graduate and began researching emerging markets in 1995. Brett graduated with a BSc from the London School of Economics.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 23.87 | 6.37 | 6.11 |