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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 Equity Impact Fund

JETIX | Fund

$13.97

$44.6 M

1.33%

$0.19

1.55%

Vitals

YTD Return

-2.7%

1 yr return

-1.4%

3 Yr Avg Return

-3.8%

5 Yr Avg Return

7.1%

Net Assets

$44.6 M

Holdings in Top 10

42.3%

52 WEEK LOW AND HIGH

$14.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 17.00%

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 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 Equity Impact Fund

JETIX | Fund

$13.97

$44.6 M

1.33%

$0.19

1.55%

JETIX - Profile

Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return 7.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.24%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    abrdn Global Equity Impact Fund
  • Fund Family Name
    Aberdeen
  • Inception Date
    May 04, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dominic Byrne

Fund Description

As a non-fundamental policy, under normal circumstances, the Global Equity Impact Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities issued by companies located throughout the world (including the U.S.). Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts.
The Fund invests in securities of companies that aim to create positive measurable environmental and/or social impacts.
Under normal market conditions, the Fund will invest significantly (at least 40% -- unless market conditions are not deemed favorable by the Adviser in which case the Fund would invest at least 30%) in non-U.S. companies. A company is considered to be a non-U.S. company if Fund management determines that the company meets one or more of the following criteria:
●
the company is organized under the laws of, or has its principal office in, a country outside the U.S.;
●
the company has its principal securities trading market in a country outside the U.S.; and/or
●
the company derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country outside the U.S.
Under normal market conditions, the Fund invests in securities from at least three different countries. The Fund may also invest in companies of emerging market countries. At times, the Fund may have a significant amount of its assets invested in a country or geographic region. The Fund may invest in securities denominated in U.S. Dollars and currencies of the foreign countries in which it is permitted to invest. The Fund may invest up to 10% of its assets, measured at the time of purchase, in mainland China equity and equity-related securities, including through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect program or by any other available means. The Fund typically has full currency exposure to those markets in which it invests. In addition, the Fund may invest in securities of any market capitalization. The Fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector. The Fund currently anticipates that it will have significant exposure to the industrials, healthcare and financials sectors.
The Adviser selects investments for the Fund based on both: (i) an evaluation of the important factors that drive a company’s share price, as well as (ii) the company’s environmental and social impact practices.
In pursuing the Fund’s investment strategies, the Adviser invests in quality companies and is an active, engaged owner. The Adviser evaluates every company against quality criteria and builds conviction using a team-based approach and peer review process. The Adviser’s stock analysts work closely with dedicated ESG specialists who sit within each regional investment team and provide expertise and insight at the company level. Through fundamental research, supported by a global research presence, the Adviser seeks to identify companies whose quality and future prospects are not yet fully recognized by the market. The Adviser’s overall quality assessment covers five key factors: (1) 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 ESG factors impacting a company.
After an investment opportunity satisfies the Adviser’s evaluation of price and fundamental factors, the Adviser then assesses a company’s ability to deliver positive outcomes for the environment and society in eight areas or “pillars”: circular economy (i.e. optimal reuse of resources); sustainable energy; food and agriculture; water and sanitation; health and social care; financial inclusion; sustainable real estate and infrastructure; and, education and employment. The Fund may also invest up to 10% of its assets, measured at the time of purchase, in companies that enable progress aligned to each pillar, but are too far down the supply chain for impact to be directly attributable to them. The Adviser generally aligns its impact assessment to the United Nations Sustainable Development Goals (“SDGs”). Only those investments that meet the Adviser’s impact criteria are eligible for investment.
In carrying out the Fund’s investment strategy, the Adviser combines the analysis of its equity teams with the analysis of its impact analysts and environmental, social and governance (“ESG”) analysts. This allows the Adviser to assess a company’s alignment with the pillars. The Adviser determines alignment with each pillar by assessing intentionality. At least 30% of company investment (e.g. research and development, capital expenditure) must be directed towards a product or service aligned with one of the impact pillars to demonstrate intentionality. A company’s progress against each pillar is measured using key performance indicators (KPIs) that mirror the SDGs’ KPIs, linking the company’s ability to affect positive change in the context of these overarching global challenges. Engagement with company management teams is a part of the Adviser’s investment process and ongoing stewardship program. The Adviser’s process evaluates the ownership structures, governance and management quality of the companies.
In addition, a set of ESG-related binary exclusions will be applied which supports the sustainable development aims of the United Nations. Please see “Fund Details – Additional Information about Principal Strategies” for the list of screens that are applied.
Read More

JETIX - Performance

Return Ranking - Trailing

Period JETIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -35.6% 29.2% 84.00%
1 Yr -1.4% 17.3% 252.4% 22.95%
3 Yr -3.8%* -3.5% 34.6% 41.12%
5 Yr 7.1%* 0.1% 32.7% 39.19%
10 Yr 3.5%* -6.9% 18.3% 96.66%

* Annualized

Return Ranking - Calendar

Period JETIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -24.3% 957.1% 12.77%
2022 -23.5% -38.3% 47.1% 36.66%
2021 13.1% -54.2% 0.6% 68.51%
2020 29.2% -76.0% 54.1% 15.52%
2019 23.6% -26.1% 47.8% 30.78%

Total Return Ranking - Trailing

Period JETIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -35.6% 29.2% 84.34%
1 Yr -1.4% 11.4% 252.4% 21.14%
3 Yr -3.8%* -3.5% 34.6% 38.81%
5 Yr 7.1%* 0.1% 32.7% 37.72%
10 Yr 3.5%* -6.9% 18.3% 96.47%

* Annualized

Total Return Ranking - Calendar

Period JETIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -24.3% 957.1% 12.77%
2022 -19.5% -33.1% 47.1% 36.79%
2021 13.2% -44.4% 1.8% 78.33%
2020 30.0% -6.5% 54.1% 16.84%
2019 26.7% -14.4% 47.8% 27.59%

NAV & Total Return History

JETIX - Holdings

Concentration Analysis

JETIX Category Low Category High JETIX % Rank
Net Assets 44.6 M 199 K 133 B 76.54%
Number of Holdings 41 1 9075 75.55%
Net Assets in Top 10 18.4 M -18 M 37.6 B 76.10%
Weighting of Top 10 42.33% 9.1% 100.0% 39.70%

Top 10 Holdings

  1. Novo Nordisk A/S 5.55%
  2. Tetra Tech Inc 4.73%
  3. UnitedHealth Group Inc 4.67%
  4. HDFC Bank Ltd 4.43%
  5. RELX PLC 4.31%
  6. ASML Holding NV 4.22%
  7. Merck Co Inc 4.08%
  8. State Street Institutional US Government Money Market Fund 3.56%
  9. NextEra Energy Inc 3.42%
  10. Analog Devices Inc 3.36%

Asset Allocation

Weighting Return Low Return High JETIX % Rank
Stocks 		98.07% 61.84% 125.47% 42.73%
Cash 		3.56% -174.70% 23.12% 51.32%
Preferred Stocks 		0.00% -0.01% 5.28% 18.39%
Other 		0.00% -13.98% 19.14% 27.64%
Convertible Bonds 		0.00% 0.00% 4.46% 8.92%
Bonds 		0.00% -1.50% 161.67% 13.11%

Stock Sector Breakdown

Weighting Return Low Return High JETIX % Rank
Healthcare 		19.33% 0.00% 35.42% 25.33%
Industrials 		18.43% 0.00% 44.06% 0.66%
Real Estate 		17.54% 0.00% 39.48% 0.66%
Financial Services 		14.29% 0.00% 38.42% 75.00%
Technology 		11.56% 0.00% 49.87% 77.97%
Communication Services 		6.30% 0.00% 57.66% 86.67%
Utilities 		5.56% 0.00% 29.12% 16.85%
Basic Materials 		3.35% 0.00% 38.60% 52.09%
Consumer Cyclical 		2.17% 0.00% 40.94% 98.13%
Consumer Defense 		1.46% 0.00% 73.28% 87.89%
Energy 		0.00% 0.00% 21.15% 66.52%

Stock Geographic Breakdown

Weighting Return Low Return High JETIX % Rank
US 		49.36% 0.13% 103.82% 91.08%
Non US 		48.72% 0.58% 99.46% 7.49%

JETIX - Expenses

Operational Fees

JETIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.01% 44.27% 28.51%
Management Fee 0.75% 0.00% 1.82% 69.15%
12b-1 Fee N/A 0.00% 1.00% 0.44%
Administrative Fee N/A 0.01% 0.76% 2.43%

Sales Fees

JETIX 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

JETIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

JETIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 395.00% 37.96%

JETIX - Distributions

Dividend Yield Analysis

JETIX Category Low Category High JETIX % Rank
Dividend Yield 1.33% 0.00% 3.26% 7.11%

Dividend Distribution Analysis

JETIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

JETIX Category Low Category High JETIX % Rank
Net Income Ratio 0.24% -4.27% 12.65% 53.52%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JETIX - Fund Manager Analysis

Managers

Dominic Byrne

Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Dominic is Head of Global Equitiesand he is also co-manager of the SLI Global Equity Impact SICAV at Aberdeen Standard Investments. Dominic joined Standard Life in 2000 as part of our UK Equity Team. In December 2008, he joined the Global Equity Team and has managed a range of global equity strategies. In 2018, Dominic was appointed Deputy Head of Global Equity at Aberdeen Standard Investments. Dominic graduated with a MEng in Engineering Science and is a CFA charterholder.

Sarah Norris

Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Sarah Norris is an Investment Director within the European Equity Team at Aberdeen Standard Investments. She is responsible for providing research coverage of the Healthcare Equipment & Services and Software & Computer Services sectors, and she is also a lead portfolio manager and co-portfolio manager of the management of the Global Equity Impact Strategy for Aberdeen Standard Investments. Sarah joined Standard Life in 2011 from Referendum Ready, a non-profit campaign that partnered with the Government of Southern Sudan Mission prior to independence. She continues to work with Impact Sudan, a non-profit organization based in the US that supports education and community development projects in South Sudan. Sarah graduated with a MA in in International Relations and MLitt Post Graduate studies, both from St Andrews University

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25

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