Continue to site >
Trending ETFs

Name

As of 03/26/2024

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

$11.28

$72.5 M

1.42%

$0.16

1.42%

Vitals

YTD Return

1.3%

1 yr return

4.4%

3 Yr Avg Return

-8.7%

5 Yr Avg Return

1.0%

Net Assets

$72.5 M

Holdings in Top 10

42.8%

52 WEEK LOW AND HIGH

$11.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 120.50%

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 03/26/2024

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

$11.28

$72.5 M

1.42%

$0.16

1.42%

GIGIX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return -8.7%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.45%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    abrdn Emerging Markets Sustainable Leaders Fund
  • Fund Family Name
    abrdnfunds
  • Inception Date
    Jun 30, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Smith

Fund Description

The Emerging Markets Sustainable Leaders Fund seeks to achieve its investment objective of seeking long-term capital appreciation by investing primarily in equity securities of emerging market companies that the Adviser deems to have sound and improving prospects and which demonstrate that they are current or emerging sustainable leaders through their management of environmental, social and governance (“ESG”) risks and opportunities in accordance with the Adviser’s criteria.
In pursuing the Fund’s investment strategies, the Adviser invests in quality companies and is an active, engaged owner and takes into consideration a company’s management of ESG risks and opportunities and the company’s ESG performance. The Adviser evaluates every company against quality criteria and builds conviction using a team-based approach and peer review process. 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.
When assessing the most material ESG factors impacting a company, the Adviser evaluates the ownership structure and governance of the company as well as potential environmental and social risks and opportunities that the company may face. The Adviser will assign each company an ESG-quality rating ranging from 1 to 5 (1 indicating best in class and 5 indicating laggards) – enabling the Fund’s investment team to identify current and emerging sustainable leaders. Companies eligible for investment by the Fund must be rated 3 or better by the Adviser. In limited circumstances, for example, in a corporate action or an initial public offering, the Fund may purchase or receive securities of companies that have not been assigned an ESG quality rating by the Adviser so long as one is assigned to the company within the time period required by the Adviser’s internal process.
Examples of areas under scope when assessing a company’s ESG quality include the following:
Corporate Governance
Carbon Emissions
Air Quality
Energy Management
Water & Wastewater Management
Waste & Hazardous Materials Management
Ecological Impacts
Human Rights & Community Relations
Customer Privacy
Data Security
Access & Affordability
Product Quality & Safety
Customer Welfare
Selling Practices & Product Labelling
Labor Practices
Employee Health & Safety
Employee Engagement
Diversity & Inclusion
Product Design & Lifecycle Management
Business Model Resilience
Supply Chain Management
Materials Sourcing & Efficiency
Physical Impacts of Climate Change
Business Ethics
Competitive Behavior
Management of the Legal & Regulatory Environment
Critical Incident Risk Management
Systemic Risk Management
The foregoing list is not exhaustive and may change; in addition, not all areas in the foregoing list are relevant to every company in which the Fund may invest. The Adviser focuses its analysis on those areas that it believes will materially impact a company’s reputation or operational or financial performance.
In carrying out its assessments of ESG quality, the Adviser’s equity analysts incorporate internal data sources, including a proprietary quantitative house score (“House Score”), external sources (e.g. MSCI reports), thematic expertise from the Adviser’s Investment Sustainability Group and stock-specific expertise from the Adviser’s equity ESG analysts. The Adviser relies heavily on its own in-depth research and analysis over third party ESG ratings.
In addition, the Adviser excludes the 10% lowest scoring companies in the Fund’s benchmark index using the Adviser’s House Score. In limited circumstances, for example, in a corporate action or an initial public offering, the Fund may purchase or receive securities of companies that have not been assigned a House Score by the Adviser so long as one is assigned to the company within the time period required by the Adviser’s internal process.
Binary exclusions are also applied to exclude a defined list of unacceptable activities. Based on MSCI business involvement screening research and the Adviser’s analysis, the Fund will seek to not invest in companies that have:
failed to uphold one or more principles of the UN Global Compact;
an industry tie to (including companies that provide support systems and services, as well as those with direct (i.e., owners and producers) and indirect (i.e., parents and subsidiaries) involvement in) controversial weapons (cluster munitions, landmines, biological / chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments);
a revenue contribution of 10% or more from the manufacture or sale of conventional weapons or weapons systems;
a revenue contribution of 10% or more from tobacco or are tobacco manufacturers;
a revenue contribution of 10% or more from the extraction of unconventional oil and gas (including oil sands, oil shale (kerogen-rich deposits), shale gas, shale oil, coal seam gas, and coal bed methane and excluding conventional oil and gas productions);
or a revenue contribution from thermal coal extraction.
The Fund targets a lower Weighted Average Carbon Intensity (“WACI”) than its benchmark based on third-party data, or third-party estimates when an issuer does not report Scope 1 and 2 emissions.
The Fund will measure compliance with its principal investment strategies at the time of investment. Third party data by which the Fund measures compliance with its binary exclusions, WACI target, and House Score threshold is updated at regular intervals. If a company no longer meets the Fund’s principal strategies, the Adviser will make a determination as to whether to sell such security, in accordance with the Adviser’s internal process.
As a non-fundamental policy, under normal circumstances, the Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies that the Adviser considers to be current or emerging sustainable leaders in accordance with the Adviser’s criteria. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts.
An emerging market country is any country determined by the Adviser or Sub-adviser 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. A company is considered to be an emerging market 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 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.
At times, the Fund may have a significant amount of its assets invested in a country or geographic region. The Fund currently anticipates that it will invest a significant amount of its assets in securities economically tied to Mainland China, including through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect program or by any other available means. The Fund may invest in securities denominated in U.S. Dollars and currencies of emerging market 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 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 financials and information technology sectors.
Read More

GIGIX - Performance

Return Ranking - Trailing

Period GIGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -6.1% 14.4% 81.27%
1 Yr 4.4% -6.1% 41.9% 87.60%
3 Yr -8.7%* -22.7% 9.1% 80.20%
5 Yr 1.0%* -7.2% 11.5% 83.54%
10 Yr 0.7%* -2.3% 6.8% 94.12%

* Annualized

Return Ranking - Calendar

Period GIGIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -6.5% 35.5% 75.57%
2022 -26.0% -50.1% -2.4% 66.06%
2021 -26.6% -33.1% 22.5% 97.80%
2020 22.7% -22.1% 80.1% 32.10%
2019 21.8% -0.7% 42.0% 29.67%

Total Return Ranking - Trailing

Period GIGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -6.1% 14.4% 81.27%
1 Yr 4.4% -6.1% 41.9% 87.60%
3 Yr -8.7%* -22.7% 9.1% 80.20%
5 Yr 1.0%* -7.2% 11.5% 83.54%
10 Yr 0.7%* -2.3% 6.8% 94.12%

* Annualized

Total Return Ranking - Calendar

Period GIGIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -2.7% 42.0% 78.81%
2022 -24.8% -42.2% 1.9% 67.59%
2021 -6.4% -32.5% 33.1% 80.76%
2020 23.0% -20.0% 81.6% 32.87%
2019 23.4% 2.3% 42.0% 33.01%

NAV & Total Return History


GIGIX - Holdings

Concentration Analysis

GIGIX Category Low Category High GIGIX % Rank
Net Assets 72.5 M 653 K 96.1 B 77.60%
Number of Holdings 60 10 6829 79.60%
Net Assets in Top 10 30.2 M 299 K 17.9 B 73.20%
Weighting of Top 10 42.83% 2.9% 122.2% 18.02%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 10.48%
  2. Samsung Electronics Co Ltd 7.25%
  3. Tencent Holdings Ltd 4.84%
  4. Power Grid Corp of India Ltd 3.97%
  5. Alibaba Group Holding Ltd 3.72%
  6. Grupo Financiero Banorte SAB de CV 2.70%
  7. SBI Life Insurance Co Ltd 2.59%
  8. HDFC Bank Ltd 2.55%
  9. Al Rajhi Bank 2.42%
  10. Fomento Economico Mexicano SAB de CV 2.31%

Asset Allocation

Weighting Return Low Return High GIGIX % Rank
Stocks
90.34% 0.00% 103.65% 91.73%
Preferred Stocks
8.39% 0.00% 10.17% 1.87%
Cash
1.27% -2.03% 20.51% 59.73%
Other
0.00% -1.64% 50.31% 63.87%
Convertible Bonds
0.00% 0.00% 7.40% 56.38%
Bonds
0.00% 0.00% 94.30% 62.00%

Stock Sector Breakdown

Weighting Return Low Return High GIGIX % Rank
Technology
32.26% 0.00% 47.50% 7.29%
Financial Services
22.47% 0.00% 48.86% 46.02%
Industrials
8.92% 0.00% 43.53% 21.59%
Consumer Cyclical
7.40% 0.00% 48.94% 91.77%
Consumer Defense
6.77% 0.00% 25.90% 36.84%
Communication Services
6.26% 0.00% 39.29% 79.62%
Basic Materials
5.65% 0.00% 30.03% 71.12%
Utilities
3.85% 0.00% 39.12% 11.47%
Real Estate
3.84% 0.00% 17.15% 12.15%
Healthcare
2.59% 0.00% 16.53% 70.31%
Energy
0.00% 0.00% 24.80% 93.66%

Stock Geographic Breakdown

Weighting Return Low Return High GIGIX % Rank
Non US
79.99% 0.00% 100.18% 65.20%
US
10.36% 0.00% 101.58% 50.27%

GIGIX - Expenses

Operational Fees

GIGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.42% 0.03% 24.48% 44.85%
Management Fee 0.80% 0.00% 2.00% 37.12%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% 48.50%

Sales Fees

GIGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GIGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 39.87%

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.

GIGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.50% 0.00% 189.00% 92.81%

GIGIX - Distributions

Dividend Yield Analysis

GIGIX Category Low Category High GIGIX % Rank
Dividend Yield 1.42% 0.00% 9.88% 62.93%

Dividend Distribution Analysis

GIGIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

GIGIX Category Low Category High GIGIX % Rank
Net Income Ratio 0.45% -1.98% 17.62% 60.03%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GIGIX - Fund Manager Analysis

Managers

David Smith


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

David Smith is a Senior Investment Director based in Singapore, where he leads ESG research and integration across Asia. David heads the Asia Responsible Investing pod, which oversees the day-to-day running of the Asian Sustainable Development Equity Fund and is a member of the GEM Responsible Investing pod. He is also responsible for leading engagement with board members and management of investee companies in Asia. David spearheads our public advocacy on ESG issues, representing the company at leading international organisations dedicated to improving corporate best practice. He has appeared frequently at regional conferences and industry round tables, and has written for various newspapers and professional publications globally. Before joining the company in 2011, he worked for Institutional Shareholder Services as Head of Asia (ex-Japan) research. David has a PhD in Corporate Governance and an MA in Corporate Strategy and Governance from the University of Nottingham and a BSc in Business Economics from the University of Wales. He is a CFA Charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

William Scholes


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

William Scholes is an Investment Director on the Global Emerging Markets Equity team at abrdn. William joined Aberdeen Asset Management in 2009 on the graduate rotation scheme. William graduated with a BA (Hons) in Modern and Medieval Languages from Magdalen College, Oxford. He is a CFA charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Fiona Manning


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

Fiona Manning is an Investment Director on the Global Emerging Markets Equity Team at abrdn. Fiona joined the company in 2005 via the acquisition of Deutsche Asset Management’s London and Philadelphia fixed income businesses. Fiona graduated with a BA (Hons) in History with French from Durham University. Fiona is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42