abrdn International Rl Estt Eq Instl
Name
As of 08/18/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-16.4%
1 yr return
-15.1%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
0.1%
Net Assets
$16.7 M
Holdings in Top 10
34.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.37%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 63.68%
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 08/18/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EGLRX - Profile
Distributions
- YTD Total Return -16.4%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.99%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal Nameabrdn International Real Estate Equity Fund
-
Fund Family NameAberdeen
-
Inception DateFeb 01, 1989
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSvitlana Gubriy
Fund Description
As a non-fundamental policy, under normal circumstances, the International Real Estate Equity Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of non-U.S. issuers located in at least three countries (excluding the United States) which are (i) principally engaged in the real estate industry, (ii) are principally engaged in real estate financing or (iii) control real estate assets with an aggregate estimated value equal to no less than 50% of such issuer’s assets. These companies include, but are not limited to, real estate investment trusts (“REITs”), real estate operating companies and homebuilders, and companies with a majority of real estate holdings, such as hotel and entertainment companies. “Principally engaged” in the real estate industry or in real estate financing means that a majority of a company’s revenues are derived from the real estate industry or from real estate financing, respectively, or that the company is classified as a “real estate” company under the S&P’s Global Industry Classification Standard (GICS). To “control” real estate assets means to own such assets.
The Fund concentrates its investments in the securities of companies engaged principally in the real estate industry and may invest all of its assets in such securities; however, the Fund may temporarily invest less than 25% of its net assets in such securities during periods of adverse economic conditions in the real estate industry.
The International Real Estate Equity Fund pursues a flexible strategy of investing in companies throughout the world. However, the International Real Estate Equity Fund gives particular consideration to investments in the United Kingdom, Western Europe, Australia, Canada, Japan, Hong Kong, Singapore, China, India and Brazil. The Adviser defines “Western Europe” as Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden and Switzerland. The Fund may invest without limitation in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts (such as American Depositary Receipts (“ADRs”)) that represent indirect interests in securities of foreign issuers. A Fund’s investments in foreign securities may include the securities of issuers in emerging markets.
The Fund may invest in securities denominated in U.S. Dollars and the currencies of the foreign countries in which it is permitted to invest. The Fund typically has full currency exposure to those markets in which it invests.
The Fund may invest in companies of any market capitalization.
In managing the assets of the Fund, the Adviser generally pursues a value oriented approach. It focuses on investments throughout the world and seeks to identify the equity securities of foreign companies which are trading at prices substantially below the underlying value of the real estate properties owned or operated by the companies or below the valuations of comparable companies. The Adviser also considers other company fundamentals and the strength of a company’s management in making investment decisions, as well as economic, market and political conditions in the countries in which a company is located and operates. ESG (Environmental, Social and Governance) analysis is fully integrated into investment decisions for all equity holdings. As such, although ESG investing is not a principal strategy of the Fund, the Adviser considers and evaluates ESG factors as part of the investment research process and this analysis forms an integral component of the Adviser’s investment analysis for all companies. The Fund also invests in the securities of companies with growing earning streams that the Adviser believes can be purchased at reasonable prices, giving consideration to the business sectors in which the companies operate and the current stage of the economic cycle.
EGLRX - Performance
Return Ranking - Trailing
Period | EGLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -16.4% | -27.5% | 13.1% | 18.72% |
1 Yr | -15.1% | -22.5% | 30.0% | 98.01% |
3 Yr | -1.7%* | -7.9% | 13.4% | 97.50% |
5 Yr | 0.1%* | -2.4% | 10.9% | 98.45% |
10 Yr | 2.6%* | 2.3% | 9.5% | 99.34% |
* Annualized
Return Ranking - Calendar
Period | EGLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.9% | -13.9% | 30.7% | 95.96% |
2022 | -9.7% | -20.7% | 37.5% | 76.26% |
2021 | 13.3% | 1.0% | 26.5% | 61.73% |
2020 | N/A | -27.7% | 73.0% | N/A |
2019 | N/A | -6.3% | 29.0% | N/A |
Total Return Ranking - Trailing
Period | EGLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -16.4% | -27.5% | 13.1% | 12.25% |
1 Yr | -15.1% | -22.5% | 30.0% | 96.50% |
3 Yr | -1.7%* | -7.9% | 13.4% | 96.98% |
5 Yr | 0.1%* | -2.4% | 10.9% | 97.93% |
10 Yr | 2.6%* | 1.7% | 9.5% | 99.34% |
* Annualized
Total Return Ranking - Calendar
Period | EGLRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.9% | -13.9% | 30.7% | 95.45% |
2022 | -9.7% | -20.7% | 13.7% | 75.76% |
2021 | 13.3% | 1.0% | 26.5% | 61.42% |
2020 | N/A | -27.7% | 76.6% | N/A |
2019 | N/A | 1.3% | 28.9% | N/A |
NAV & Total Return History
EGLRX - Holdings
Concentration Analysis
EGLRX | Category Low | Category High | EGLRX % Rank | |
---|---|---|---|---|
Net Assets | 16.7 M | 2.39 M | 9.6 B | 91.67% |
Number of Holdings | 69 | 5 | 739 | 64.42% |
Net Assets in Top 10 | 6.31 M | 837 K | 6.34 B | 92.79% |
Weighting of Top 10 | 34.32% | 18.1% | 63.6% | 52.66% |
Top 10 Holdings
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
- Vonovia SE 7.05%
Asset Allocation
Weighting | Return Low | Return High | EGLRX % Rank | |
---|---|---|---|---|
Stocks | 96.30% | 3.65% | 126.54% | 81.34% |
Cash | 3.70% | -1.38% | 10.38% | 6.73% |
Preferred Stocks | 0.00% | 0.00% | 15.83% | 8.17% |
Other | 0.00% | -33.49% | 78.71% | 60.10% |
Convertible Bonds | 0.00% | 0.00% | 0.07% | 4.81% |
Bonds | 0.00% | 0.00% | 22.09% | 7.18% |
Stock Sector Breakdown
Weighting | Return Low | Return High | EGLRX % Rank | |
---|---|---|---|---|
Real Estate | 99.48% | 72.53% | 100.00% | 24.02% |
Consumer Cyclical | 0.52% | 0.00% | 13.03% | 46.08% |
Utilities | 0.00% | 0.00% | 0.96% | 5.39% |
Technology | 0.00% | 0.00% | 4.92% | 41.18% |
Industrials | 0.00% | 0.00% | 13.89% | 17.65% |
Healthcare | 0.00% | 0.00% | 1.54% | 13.24% |
Financial Services | 0.00% | 0.00% | 9.53% | 19.12% |
Energy | 0.00% | 0.00% | 0.11% | 2.45% |
Communication Services | 0.00% | 0.00% | 11.28% | 54.41% |
Consumer Defense | 0.00% | 0.00% | 0.18% | 3.92% |
Basic Materials | 0.00% | 0.00% | 1.63% | 6.37% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | EGLRX % Rank | |
---|---|---|---|---|
Non US | 90.89% | 0.00% | 99.40% | 12.50% |
US | 5.41% | 0.00% | 80.79% | 85.58% |
EGLRX - Expenses
Operational Fees
EGLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.37% | 0.01% | 2.81% | 28.71% |
Management Fee | 1.00% | 0.10% | 1.50% | 89.42% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.26% | N/A |
Sales Fees
EGLRX 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
EGLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 84.91% |
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.
EGLRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 63.68% | 1.00% | 165.00% | 49.74% |
EGLRX - Distributions
Dividend Yield Analysis
EGLRX | Category Low | Category High | EGLRX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.92% | 0.00% | 11.22% | 69.38% |
Dividend Distribution Analysis
EGLRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
EGLRX | Category Low | Category High | EGLRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.99% | -0.23% | 4.48% | 23.27% |
Capital Gain Distribution Analysis
EGLRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 23, 2020 | $0.695 | OrdinaryDividend |
Dec 23, 2019 | $2.740 | OrdinaryDividend |
Dec 21, 2018 | $0.694 | OrdinaryDividend |
EGLRX - Fund Manager Analysis
Managers
Svitlana Gubriy
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Svitlana Gubriy is Head of Indirect Real Assets at abrdn. Svitlana is responsible for the team based in Boston, London, Edinburgh, Singapore and Hong Kong manging the indirect real assets’ investments across a number of global and regional mandates. Prior to joining the company in 2005, Ms. Gubriy worked in real estate investment banking division of Lehman Brothers in New York. Svitlana graduated with a Diploma with Honours in Applied Mathematics, an MA in Applied Economics and an MBA in Finance and Corporate Accounting. Svitlana also holds the Investment Management Certificate (IMC).
Toshio Tangiku
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Toshio Tangiku is a Portfolio Manager. Tosh is responsible for providing research and analysis of the Asia Pacific real estate markets and is also the co-fund manager for the abrdn International Real Estate Equity Fund. Tosh joined the company in 2014 from Lasalle Investment Management, where he was responsible for providing research and analysis on the real estate markets of Japan and Singapore. Prior to that, Tosh worked as a management consultant in the United States with the Strategy and Operations Group of Deloitte Consulting. Toshio graduated with a BA in International Relations from the University of Pennsylvania and is a native speaker of English, Cantonese and Japanese with basic proficiency in Mandarin.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 20.42 | 7.06 | 10.42 |