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abrdn Emerging Markets Dividend Fund
mutual fund
BJBIX
Payout Change
Pending
Price as of:
$30.08
+0.38
+1.28%
primary theme
N/A
share class
BJBIX (Mutual Fund)
abrdn Emerging Markets Dividend Fund
Payout Change
Pending
Price as of:
$30.08
+0.38
+1.28%
primary theme
N/A
share class
BJBIX (Mutual Fund)
abrdn Emerging Markets Dividend Fund
Payout Change
Pending
Price as of:
$30.08
+0.38
+1.28%
primary theme
N/A
share class
Name
As of 10/18/2024Price
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
Vitals
YTD Return
14.5%
1 yr return
36.6%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
5.2%
Net Assets
$80.8 M
Holdings in Top 10
45.1%
52 WEEK LOW AND HIGH
$29.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.62%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 114.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/18/2024Price
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
BJBIX - Profile
Distributions
- YTD Total Return 14.5%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 5.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.36%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal Nameabrdn Emerging Markets Dividend Fund
-
Fund Family Nameabrdnfunds
-
Inception DateOct 04, 1993
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoanna McIntyre
Fund Description
As a non-fundamental policy, under normal circumstances, the Emerging Markets Dividend 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 pay dividend income. The 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. An emerging market country is any country determined by the Adviser or Sub-adviser (as defined below) 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. |
Emerging market countries may include countries considered to be frontier markets. 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, Taiwan and in Mainland China equity securities, 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 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 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 healthcare, financials and information technology sectors.
In seeking to achieve the Fund’s investment objective, the investment team narrows the investable universe by looking at the dividend potential of companies and focusing on fundamental factors. The Adviser’s and Sub-adviser’s primary focus is on stock selection using research techniques to select individual holdings. The investment team places particular emphasis on understanding business fundamentals and dynamics and the impact this has on cash flow generation and a company’s ability to allocate cash effectively. The investment team seeks to allocate the Fund’s assets to high dividend paying companies and companies that the Adviser and Sub-adviser believe are growing their dividend over time.
The Adviser and Sub-adviser’s consideration of fundamental factors includes, among other things, a quality assessment focused on 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. 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.
BJBIX - Performance
Return Ranking - Trailing
| Period | BJBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.5% | -0.9% | 35.3% | 23.26% |
| 1 Yr | 36.6% | 14.6% | 54.9% | 6.46% |
| 3 Yr | -2.3%* | -13.2% | 8.2% | 54.43% |
| 5 Yr | 5.2%* | -0.3% | 14.6% | 85.25% |
| 10 Yr | 3.7%* | 2.5% | 10.4% | 98.64% |
* Annualized
Return Ranking - Calendar
| Period | BJBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.0% | -0.4% | 28.6% | 29.64% |
| 2022 | -33.5% | -49.5% | -13.5% | 84.42% |
| 2021 | 9.0% | -22.2% | 19.3% | 16.67% |
| 2020 | 16.3% | -3.7% | 85.0% | 67.61% |
| 2019 | 17.4% | -4.0% | 45.1% | 94.70% |
Total Return Ranking - Trailing
| Period | BJBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.5% | -0.9% | 35.3% | 23.26% |
| 1 Yr | 36.6% | 14.6% | 54.9% | 6.46% |
| 3 Yr | -2.3%* | -13.2% | 8.2% | 54.43% |
| 5 Yr | 5.2%* | -0.3% | 14.6% | 85.25% |
| 10 Yr | 3.7%* | 2.5% | 10.4% | 98.64% |
* Annualized
Total Return Ranking - Calendar
| Period | BJBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.0% | 1.8% | 28.6% | 46.13% |
| 2022 | -28.4% | -44.4% | -11.0% | 73.51% |
| 2021 | 9.0% | -20.6% | 20.5% | 46.77% |
| 2020 | 17.1% | 7.6% | 97.1% | 74.65% |
| 2019 | 22.8% | 0.5% | 45.3% | 96.57% |
NAV & Total Return History
BJBIX - Holdings
Concentration Analysis
| BJBIX | Category Low | Category High | BJBIX % Rank | |
|---|---|---|---|---|
| Net Assets | 80.8 M | 191 K | 140 B | 89.95% |
| Number of Holdings | 80 | 4 | 1830 | 43.81% |
| Net Assets in Top 10 | 36.5 M | 65.4 K | 36.7 B | 85.57% |
| Weighting of Top 10 | 45.14% | 10.6% | 99.9% | 14.95% |
Top 10 Holdings
- Samsung Electronics Co Ltd 8.89%
- Taiwan Semiconductor Manufacturing Co Ltd 5.96%
- Tencent Holdings Ltd 5.06%
- HDFC Bank Ltd 4.84%
- iShares MSCI India ETF 4.83%
- Taiwan Semiconductor Manufacturing Co Ltd 4.01%
- Grupo Mexico SAB de CV 3.48%
- MediaTek Inc 2.88%
- Shinhan Financial Group Co Ltd 2.74%
- ICICI Bank Ltd 2.47%
Asset Allocation
| Weighting | Return Low | Return High | BJBIX % Rank | |
|---|---|---|---|---|
| Stocks | 92.18% | 85.22% | 105.20% | 98.97% |
| Preferred Stocks | 10.21% | 0.00% | 10.21% | 0.26% |
| Other | 0.00% | -0.31% | 3.49% | 57.73% |
| Convertible Bonds | 0.00% | 0.00% | 2.45% | 49.61% |
| Cash | 0.00% | 0.00% | 11.43% | 99.48% |
| Bonds | 0.00% | 0.00% | 0.03% | 49.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BJBIX % Rank | |
|---|---|---|---|---|
| Healthcare | 23.23% | 1.36% | 29.58% | 5.94% |
| Technology | 20.84% | 1.51% | 38.21% | 24.55% |
| Financial Services | 17.26% | 0.00% | 38.62% | 20.93% |
| Consumer Defense | 11.54% | 0.00% | 25.77% | 31.52% |
| Industrials | 10.94% | 0.68% | 31.28% | 82.43% |
| Basic Materials | 8.11% | 0.00% | 23.15% | 31.78% |
| Consumer Cyclical | 4.43% | 0.00% | 46.28% | 95.35% |
| Real Estate | 3.65% | 0.00% | 6.64% | 1.03% |
| Utilities | 0.00% | 0.00% | 9.05% | 71.58% |
| Energy | 0.00% | 0.00% | 24.97% | 82.17% |
| Communication Services | 0.00% | 0.00% | 41.13% | 93.28% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BJBIX % Rank | |
|---|---|---|---|---|
| Non US | 67.99% | 0.00% | 99.95% | 87.63% |
| US | 24.18% | 0.00% | 99.87% | 22.94% |
BJBIX - Expenses
Operational Fees
| BJBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.62% | 0.01% | 13.07% | 20.21% |
| Management Fee | 0.75% | 0.00% | 1.50% | 59.02% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 34.83% |
| Administrative Fee | N/A | 0.03% | 0.80% | 5.71% |
Sales Fees
| BJBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 3.50% | 5.75% | 33.33% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BJBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| BJBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 114.00% | 7.00% | 149.00% | 96.48% |
BJBIX - Distributions
Dividend Yield Analysis
| BJBIX | Category Low | Category High | BJBIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 12.70% | 86.82% |
Dividend Distribution Analysis
| BJBIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BJBIX | Category Low | Category High | BJBIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.36% | -1.69% | 3.16% | 82.55% |
Capital Gain Distribution Analysis
| BJBIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2022 | $1.774 | OrdinaryDividend |
| Dec 22, 2020 | $0.189 | OrdinaryDividend |
| Dec 20, 2019 | $1.222 | OrdinaryDividend |
| Dec 20, 2018 | $0.202 | OrdinaryDividend |
| Dec 21, 2017 | $1.176 | OrdinaryDividend |
| Dec 22, 2016 | $0.223 | OrdinaryDividend |
| Dec 18, 2015 | $0.719 | OrdinaryDividend |
| Dec 19, 2014 | $1.202 | OrdinaryDividend |
| Dec 20, 2013 | $0.600 | OrdinaryDividend |
| Dec 27, 2012 | $0.127 | OrdinaryDividend |
| Dec 28, 2011 | $0.393 | OrdinaryDividend |
| Dec 29, 2010 | $0.505 | OrdinaryDividend |
| Dec 29, 2009 | $2.082 | OrdinaryDividend |
BJBIX - Fund Manager Analysis
Managers
Joanna McIntyre
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Joanna is a Investment Analyst in the Global Equity Teamat Aberdeen Standard Investments. Joanna joined Standard Life in 2010 on the graduate programme from Ernst and Young where she qualified as a Chartered Certified Accountant in 2009. She has worked across several areas of the business including Marketing, Product Development and the Real Estate Investment Specialists before joining the Multi-Asset Investment Specialists in early 2013. In January 2015, Joanna joined the Asia & GEM Equity Team before transferring to the Global Equity Team in April 2018. Joanna graduated with a MA in in Econometrics and Information Technology from University of Szczecin, Poland. Additionally she is a Chartered Certified Accountant, ACCA; holds the Investment Management Certificate and is a CFA charterholder.
Dominic Byrne
Start Date
Tenure
Tenure Rank
Apr 15, 2021
1.13
1.1%
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.
Ella-Kara Brown
Start Date
Tenure
Tenure Rank
Apr 15, 2021
1.13
1.1%
Ella-Kara Brown is an Investment Director on the Global Equity Team at abrdn. Ella-Kara joined abrdn’s Private Equity Division in 2005 and was an SRI Analyst since January 2007. Previously, Ella-Kara worked at Corporate Finance firm Adam Smith, where she completed her examinations for corporate finance advisory. Ella-Kara graduated with a first class BA (Hons) in Financial Services from Napier University, Edinburgh.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 26.94 | 7.72 | 20.01 |
