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Name

As of 06/01/2026

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 Emerging Markets Ex-China Fund

GWLRX | Fund

$20.93

$228 M

1.29%

$0.26

1.93%

Vitals

YTD Return

46.1%

1 yr return

86.9%

3 Yr Avg Return

28.5%

5 Yr Avg Return

16.9%

Net Assets

$228 M

Holdings in Top 10

47.8%

52 WEEK LOW AND HIGH

$20.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.93%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.98%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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 Emerging Markets Ex-China Fund

GWLRX | Fund

$20.93

$228 M

1.29%

$0.26

1.93%

GWLRX - Profile

Distributions

  • YTD Total Return 46.1%
  • 3 Yr Annualized Total Return 28.5%
  • 5 Yr Annualized Total Return 16.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.69%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    abrdn Emerging Markets Ex-China Fund
  • Fund Family Name
    abrdnfunds
  • Inception Date
    Oct 02, 2003
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Scholes

Fund Description

The Emerging Markets ex-China Fund will invest primarily in common stocks, but may also invest in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. 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 (excluding China) companies. 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 an emerging market country (excluding China);
●
the company has its principal office in, or management is located in, an emerging market country (excluding China); and/or
●
the company has its principal securities trading market in an emerging market country (excluding China).
An emerging market (excluding China) country is any country included in the MSCI Emerging Markets ex-China Index, or determined by the Adviser or abrdn Investments Limited (the “Sub-adviser”) to have similar emerging market characteristics. 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 India and Taiwan. 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 equity securities of companies of any market capitalization, including small- and mid-cap companies.
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 information technology and financials sectors.
In seeking to achieve the Fund’s investment objective, the Adviser and Sub-adviser invest in quality companies and are an active, engaged owners. The Adviser and Sub-adviser evaluate every company against quality criteria and build conviction using a team-based approach and peer review process. The quality assessment covers five key factors: 1) the 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 environmental, social and governance (“ESG”) factors impacting a company. Not every ESG factor may be identified or evaluated for every investment. ESG characteristics are not the only factors considered and, as a result, the issuers in which the Fund invests may not be issuers with favorable ESG characteristics or high ESG ratings. As ESG information is just one investment consideration, ESG considerations generally are not solely determinative in any investment decision made by the Adviser and Sub-adviser. Through fundamental research, supported by a global research presence, the Adviser and Sub-adviser seek to identify companies whose quality and future prospects are not yet fully recognized by the market.
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GWLRX - Performance

Return Ranking - Trailing

Period GWLRX Return Category Return Low Category Return High Rank in Category (%)
YTD 46.1% -17.6% 107.8% 4.28%
1 Yr 86.9% -13.4% 247.5% 3.17%
3 Yr 28.5%* -0.2% 65.7% 10.63%
5 Yr 16.9%* -10.6% 25.6% 1.84%
10 Yr 14.3%* 0.8% 21.8% 2.28%

* Annualized

Return Ranking - Calendar

Period GWLRX Return Category Return Low Category Return High Rank in Category (%)
2025 31.2% -39.1% 56.9% 31.60%
2024 -0.3% -24.0% 31.7% 80.88%
2023 20.3% -6.5% 35.5% 4.91%
2022 -41.7% -50.1% -2.4% 99.02%
2021 6.3% -33.1% 22.5% 7.45%

Total Return Ranking - Trailing

Period GWLRX Return Category Return Low Category Return High Rank in Category (%)
YTD 46.1% -17.6% 107.8% 4.28%
1 Yr 86.9% -13.4% 247.5% 3.17%
3 Yr 28.5%* -0.2% 65.7% 10.63%
5 Yr 16.9%* -10.6% 25.6% 1.84%
10 Yr 14.3%* 0.8% 21.8% 2.28%

* Annualized

Total Return Ranking - Calendar

Period GWLRX Return Category Return Low Category Return High Rank in Category (%)
2025 34.0% 0.1% 87.2% 35.07%
2024 0.1% -16.6% 31.7% 89.10%
2023 20.6% -2.5% 42.0% 10.13%
2022 -23.6% -42.2% 1.9% 62.15%
2021 32.9% -32.5% 33.1% 0.35%

NAV & Total Return History

GWLRX - Holdings

Concentration Analysis

GWLRX Category Low Category High GWLRX % Rank
Net Assets 228 M 682 K 160 B 69.35%
Number of Holdings 68 10 7640 76.30%
Net Assets in Top 10 94.7 M 290 K 47.3 B 65.24%
Weighting of Top 10 47.80% 2.9% 107.6% 14.40%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 16.27%
  2. Samsung Electronics Co Ltd 8.28%
  3. SK hynix Inc 5.22%
  4. HDFC Bank Ltd 3.17%
  5. Grupo Mexico SAB de CV 3.15%
  6. Delta Electronics Inc 2.72%
  7. Chroma ATE Inc 2.53%
  8. NAC Kazatomprom JSC 2.39%
  9. Al Rajhi Bank 2.09%
  10. NU Holdings Ltd/Cayman Islands 1.97%

Asset Allocation

Weighting Return Low Return High GWLRX % Rank
Stocks 		89.83% 0.00% 102.89% 91.47%
Preferred Stocks 		9.94% 0.00% 12.21% 1.58%
Cash 		0.28% -2.03% 17.54% 91.31%
Other 		0.00% -0.56% 10.07% 40.28%
Convertible Bonds 		0.00% 0.00% 7.40% 21.34%
Bonds 		0.00% 0.00% 138.18% 26.86%

Stock Sector Breakdown

Weighting Return Low Return High GWLRX % Rank
Technology 		34.58% 0.00% 47.50% 4.01%
Financial Services 		20.71% 0.00% 48.86% 58.33%
Basic Materials 		10.05% 0.00% 30.03% 28.69%
Consumer Defense 		7.31% 0.00% 25.90% 29.81%
Consumer Cyclical 		6.36% 0.00% 48.94% 94.07%
Healthcare 		5.50% 0.00% 16.53% 26.92%
Industrials 		5.48% 0.00% 43.53% 59.94%
Energy 		4.43% 0.00% 24.80% 49.68%
Utilities 		2.95% 0.00% 39.12% 22.76%
Communication Services 		2.07% 0.00% 39.29% 96.96%
Real Estate 		0.55% 0.00% 17.15% 71.31%

Stock Geographic Breakdown

Weighting Return Low Return High GWLRX % Rank
Non US 		82.14% 0.00% 100.93% 59.72%
US 		7.69% 0.00% 90.90% 60.98%

GWLRX - Expenses

Operational Fees

GWLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.93% 0.02% 26.99% 18.38%
Management Fee 0.75% 0.00% 1.50% 29.43%
12b-1 Fee 0.50% 0.00% 1.00% 65.13%
Administrative Fee 0.25% 0.01% 0.85% 84.54%

Sales Fees

GWLRX 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

GWLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 14.47%

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.

GWLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.98% 0.00% 189.00% 16.60%

GWLRX - Distributions

Dividend Yield Analysis

GWLRX Category Low Category High GWLRX % Rank
Dividend Yield 1.29% 0.00% 9.74% 89.89%

Dividend Distribution Analysis

GWLRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

GWLRX Category Low Category High GWLRX % Rank
Net Income Ratio -0.69% -1.98% 17.62% 93.14%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GWLRX - Fund Manager Analysis

Managers

William Scholes

Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

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.

Kristy Fong

Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Kristy Fong is an Investment Director on the Asian Equities Team at abrdn. Kristy joined the company in 2004 from UOB KayHian Pte Ltd where she was an Analyst. Kristy graduated with a BA (Hons) in Accountancy from Nanyang Technological University, Singapore and is a CFA® charterholder.

Nick Robinson

Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Nick Robinson is a Senior Investment Director on the Global Emerging Markets Equity Team at abrdn. Nick joined the company in 2000 and spent eight years on the North American Equities team, including three years based in the company’s US offices. In 2008 he joined the Global Emerging Markets Equity team. Nick relocated to São Paulo in 2009 to start abrdn’s operations in Brazil. In 2016 he returned to London. Nick graduated with an MSc in Chemistry from Lincoln College, Oxford and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.79 13.42

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