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AGCIX Aberdeen Global Uncons Fxd Inc Instl

  • Fund
  • AGCIX
  • Price as of: Jul 15, 2019
  • $10.12 - $0.00 - 0.00%
  • Category
  • Global Bonds

AGCIX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $14.4 M
  • Holdings in Top 10 20.3%

52 WEEK LOW AND HIGH

$10.12
$9.83
$10.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.70%

SALES FEES

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

BROKERAGE FEES

  • Turnover 62.39%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Global Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Aberdeen Global Unconstrained Fixed Income Fund
  • Fund Family Name Aberdeen
  • Inception Date Jul 20, 2009
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Rich Smith

Fund Description

Under normal market conditions, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in fixed income securities of issuers located in a number of countries throughout the world, which may include the U.S. It may invest in derivative instruments to hedge currency, credit and interest rate exposure and for speculative purposes.

AGCIX - Performance

Return Ranking - Trailing

Period AGCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -0.7% 8.7% 82.38%
1 Yr -3.4% -5.0% 6.8% 89.43%
3 Yr 0.3%* -2.9% 4.3% 43.17%
5 Yr -1.0%* -3.6% 2.7% 44.69%
10 Yr N/A* -1.8% 2.1% N/A

* Annualized


Return Ranking - Calendar

Period AGCIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -10.1% 0.0% 46.70%
2017 1.5% -5.2% 12.8% 81.50%
2016 9.6% -2.7% 9.6% 0.44%
2015 -4.9% -12.4% -0.2% 22.91%
2014 -3.7% -8.4% 7.1% 73.76%

Total Return Ranking - Trailing

Period AGCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -0.7% 8.7% 82.38%
1 Yr -3.4% -4.1% 9.9% 92.51%
3 Yr 0.7%* -2.3% 6.2% 48.90%
5 Yr -0.3%* -3.6% 5.4% 47.79%
10 Yr N/A* -1.0% 7.1% N/A

* Annualized


Total Return Ranking - Calendar

Period AGCIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.6% -10.1% 3.7% 59.03%
2017 1.8% -0.9% 13.1% 83.70%
2016 10.8% -1.9% 10.8% 0.44%
2015 -4.6% -12.4% 1.4% 30.84%
2014 -1.4% -8.4% 12.8% 70.59%

NAV & Total Return History

AGCIX - Holdings

Concentration Analysis

AGCIX Category Low Category High AGCIX % Rank
Net Assets 14.4 M 3.39 M 125 B 99.12%
Number of Holdings 116 6 5787 81.58%
Net Assets in Top 10 2.98 M -295 M 10.1 B 93.86%
Weighting of Top 10 20.32% 4.8% 625.8% 74.12%

Top 10 Holdings

  1. United States Treasury Notes 1% 6.78%

  2. PNC Bank, National Association 2.5% 1.72%

  3. CSC Holdings, LLC 10.88% 1.61%

  4. SELP FINANCE SARL 1.25% 1.56%

  5. Royal Bank of Scotland Group plc 8.62% 1.46%

  6. Energy Transfer Operating L P 5.2% 1.46%

  7. Ford Motor Credit Company LLC 5.75% 1.44%

  8. Mexichem S.A.B de C.V. 4.88% 1.43%

  9. Altice Luxembourg S.A. 7.75% 1.42%

  10. PT Pertamina (Persero) 5.25% 1.42%


Asset Allocation

Weighting Return Low Return High AGCIX % Rank
Bonds
85.37% 0.00% 222.09% 83.77%
Cash
10.87% -133.70% 41.16% 17.54%
Convertible Bonds
3.76% 0.00% 9.63% 19.74%
Stocks
0.00% -0.61% 96.46% 92.54%
Preferred Stocks
0.00% 0.00% 1.03% 100.00%
Other
0.00% -0.31% 13.60% 95.18%

Bond Sector Breakdown

Weighting Return Low Return High AGCIX % Rank
Corporate
78.84% -0.82% 210.41% 3.95%
Cash & Equivalents
10.87% -72.24% 46.97% 17.54%
Government
9.01% -3.23% 91.90% 96.49%
Securitized
1.28% 0.00% 61.34% 78.95%
Derivative
0.00% -147.32% 69.74% 50.88%
Municipal
0.00% 0.00% 44.18% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High AGCIX % Rank
US
44.42% -19.52% 133.82% 40.79%
Non US
40.95% -33.44% 146.82% 86.84%

AGCIX - Expenses

Operational Fees

AGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.70% 0.07% 3.65% 1.76%
Management Fee 0.60% 0.00% 1.15% 74.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.45% 43.70%

Sales Fees

AGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 71.43%

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.

AGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.39% 0.00% 451.00% 26.43%

AGCIX - Distributions

Dividend Yield Analysis

AGCIX Category Low Category High AGCIX % Rank
Dividend Yield 0.05% 0.00% 2.40% 10.09%

Dividend Distribution Analysis

AGCIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

AGCIX Category Low Category High AGCIX % Rank
Net Income Ratio 1.94% -1.10% 5.99% 69.16%

Capital Gain Distribution Analysis

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

AGCIX - Managers

Rich Smith

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2009

9.5

9.5%

Rich Smith is an Investment Director on the Global Credit Team at Aberdeen Standard Investments. Rich joined Aberdeen Asset Management via the acquisition of Deutsche Asset Management’s London and Philadelphia fixed income businesses in 2005. Rich held the same role at Deutsche Asset Management in London, having joined in 1998 as part of the graduate scheme. Richard graduated with a BSc (Hons) from Surrey University and is a CFA Charterholder.


James Athey

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2012

6.5

6.5%

James Athey is a Senior Investment Manager on the Global Macro Team at Aberdeen Standard Investments. James joined Aberdeen Asset Management in 2001 on the Graduate Recruitment Programme. James graduated with a BSc (Hons) in Business Economics and Finance and an MSc in IT from Loughborough University.


Maximilien Macmillan

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2016

2.5

2.5%

Maximilien Macmillian is an Investment Manager on the Global Fixed Income team at Aberdeen Standard Investments, focusing on Asset Allocation in the Global Aggregate and Absolute Return funds. Max joined Aberdeen Asset Management in 2012, working in London with the Global Macro and EMD teams, before spending three years in Sydney managing Interest Rate and FX risk with the Australian FI team. Previously he gained experience working in Mergers and Acquisitions and Debt Capital Markets at J.P. Morgan in Paris and London. Max holds postgraduate degrees from Cambridge University and Sciences Po Paris earned in Economics (GDip, Distinction) and Finance and Strategy (Masters, Cum Laude) respectively, as well as an undergraduate degree in Physics and Philosophy from Kings College London (BSc, 1st Class Honours).


Christopher Heckscher

Manager

Start Date

Tenure

Tenure Rank

Jun 12, 2018

1.05

1.1%

Christopher Heckscher, CFA®, Senior Vice President — Credit Chris is a Senior Vice President with credit analyst responsibilities covering U.S. investment grade and high yield issuers. Chris joined the company in 2009 after 15-year tenure with Wellington Management Company in Boston, where he worked as Investment Grade and High Yield analyst, covering at different times financial, utility, basic material and energy sectors. Prior to Wellington, Chris worked as a Commercial Loan Officer at First Fidelity Bancorp. Chris has nine years’ investment experience at Aberdeen Standard Investments and 30 years’ experience in the industry. Christopher graduated with an AB (cum laude) from Harvard University and an MBA from Dartmouth College.


Craig MacDonald

Manager

Start Date

Tenure

Tenure Rank

Jun 12, 2018

1.05

1.1%

Craig is Global Head Fixed Income, encompassing credit, emerging markets debt and aggregate bond investing. He is also the lead portfolio manager for a number of sterling, euro and global credit mandates. Prior to joining the company in January 2002, Craig was a Director and team leader responsible for non-local government European public finance at Standard & Poor’s, the credit rating agency. This encompassed areas such as Private Finance Initiative and other project finance, and structured bonds in areas such as healthcare, housing, education and social housing. Craig graduated with a BA (Hons) from University of Durham and an MBA from London Business School.


Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A