Morningstar Fund Report  | 17/04/2025Print

abrdn Europe ex UK Income Equity Fund Retail Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn Europe ex UK Income Equity Fund Retail Accumulation
Fund15.8-1.811.82.44.8
+/-Cat0.36.9-1.71.4-0.5
+/-B’mrk-1.55.7-3.10.4-3.0
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
16/04/2025		 GBX 198.60
Day Change 0.00%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00B3L7S842
Fund Size (Mil)
16/04/2025		 GBP 252.64
Share Class Size (Mil)
16/04/2025		 GBP 8.09
Max Initial Charge -
Ongoing Charge
11/02/2025		  1.32%
Investment Objective: abrdn Europe ex UK Income Equity Fund Retail Accumulation
To generate income and some growth over the long term (5 years or more) by investing in European equities (company shares). The fund will invest at least 70% in equities and equity related securities of companies listed, incorporated, or domiciled in European countries, or companies that derive a significant proportion of their revenues or profits from European operations or have a significant proportion of their assets there.
Returns
Trailing Returns (GBP)16/04/2025
YTD2.74
3 Years Annualised7.74
5 Years Annualised11.32
10 Years Annualised6.54
12 Month Yield 2.20
Management
Manager Name
Start Date
Charles Luke
01/05/2024
Romney Fox
01/05/2024
Inception Date
05/04/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE World Eur Ex UK TR GBPMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  abrdn Europe ex UK Income Equity Fund Retail Accumulation31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.440.0096.44
Bond0.250.000.25
Property0.000.000.00
Cash3.800.493.31
Other0.000.000.00
Top 5 Regions%
Eurozone79.54
Europe - ex Euro18.79
United Kingdom1.67
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services19.31
Technology13.54
Industrials13.04
Healthcare11.56
Consumer Cyclical10.40
Top 5 HoldingsSector%
SAP SETechnologyTechnology5.78
Novartis AG Registered SharesHealthcareHealthcare4.79
Deutsche Telekom AGCommunication ServicesCommunication Services4.32
Intesa SanpaoloFinancial ServicesFinancial Services4.24
ING Groep NVFinancial ServicesFinancial Services4.06
Increase Decrease New since last portfolio
abrdn Europe ex UK Income Equity Fund Retail Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn Europe ex UK Income Equity Fund Retail Accumulation
Category:  Europe ex-UK Equity
Category Index:  Morningstar DM Eur xUK TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.3319.197.6915.76-1.8011.852.384.76
+/- Category-1.58-0.07-1.680.346.94-1.681.38-0.48
+/- Category Index---0.22-1.475.67-3.140.37-2.97
% Rank in Category6960595515753459
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.00   -0.72-0.23
1 Week6.03   1.01-0.92
1 Month-4.43   1.271.02
3 Months-2.50   -2.12-2.76
6 Months-0.15   1.64-1.43
YTD2.74   0.01-2.60
1 Year2.48   3.48-1.14
3 Years Annualised7.74   1.57-0.16
5 Years Annualised11.32   0.62-0.49
10 Years Annualised6.54   -0.20-0.58
 
Category: Europe ex-UK Equity
Category Index: Morningstar DM Eur xUK TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.76---
20245.400.95-0.50-3.30
20234.150.28-0.517.64
2022-5.82-7.352.0710.25
20213.105.421.245.20
2020-16.9021.201.445.39
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageLow4 star
5-YearAverageLow3 star
10-YearAverageBelow Average3 star
OverallAverageBelow Average3 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.75 %
3-Yr Mean Return8.34 %
 
3-Yr Sharpe Ratio0.38
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  Morningstar Eur TME GR USD
3-Yr Beta0.820.87
3-Yr Alpha0.74-0.30
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 61268-
Market Capitalisation% of Equity
Giant59.42
Large32.04
Medium8.54
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.840.99
Price/Book2.161.02
Price/Sales1.861.17
Price/Cash Flow8.090.82
Dividend-Yield Factor4.231.22
 
Long-Term Projected Earnings Growth8.440.90
Historical Earnings Growth15.052.09
Sales Growth1.890.52
Cash-Flow Growth-0.52-0.17
Book-Value Growth6.611.19
 
Category: Europe ex-UK Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.440.0096.44
Bond0.250.000.25
Property0.000.000.00
Cash3.800.493.31
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.00-
United Kingdom1.671.02
Eurozone79.541.20
Europe - ex Euro18.790.65
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Europe ex-UK Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.310.36
Consumer CyclicalConsumer Cyclical10.401.10
Financial ServicesFinancial Services19.310.91
Real EstateReal Estate1.361.83
Consumer DefensiveConsumer Defensive6.090.89
HealthcareHealthcare11.560.84
UtilitiesUtilities7.142.78
Communication ServicesCommunication Services10.022.45
EnergyEnergy5.251.96
IndustrialsIndustrials13.040.62
TechnologyTechnology13.541.22
 
Category: Europe ex-UK Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.61
NameSectorCountry% of Assets
SAP SE311Germany5.78
Novartis AG Registered Shares206Switzerland4.79
Deutsche Telekom AG308Germany4.32
Intesa Sanpaolo103Italy4.24
ING Groep NV103Netherlands4.06
TotalEnergies SE309France4.02
ASML Holding NV311Netherlands3.87
Sanofi SA206France3.81
Schneider Electric SE310France3.57
Siemens AG310Germany3.16
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
Management
Name of Companyabrdn Fund Managers Limited
Phone-
Websitehttps://www.abrdn.com/en-gb
Address280 Bishopsgate
 London   EC2M 4AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date05/04/2009
Fund Advisor(s)
abrdn Investment Management Limited
Fund ManagerCharles Luke
Manager Start Date01/05/2024
Career Start Year1998
Education
London School of Economics, M.Sc
Leeds University, B.A.
 
Biography
Charles has over 25 years of UK equity income experience. He is a Senior Investment Director, responsibilities include managing the Murray Income Trust since 2006 alongside the team’s other quality income strategies. Charles originally joined the Company in 2000 having started his career at Framlington Investment Management in 1998, covering UK equities. Charles holds a BA in Economics and Japanese Studies from Leeds University and an MSc in Economic History from the London School of Economics.
Fund ManagerRomney Fox
Manager Start Date01/05/2024
Career Start Year2005
 
Biography
Romney Fox is a Senior Investment Manager on the UK and European Equities Team, having joined Aberdeen in 2005 as a graduate trainee. Romney graduated with a BA (Hons) in Philosophy, Politics and Economics from Lincoln College, University of Oxford and a Graduate Diploma in Law from City University, London and is a CFA Charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.30%
Ongoing Charge1.32%
Purchase Details
Minimum Investments
Initial500  GBP
Additional50  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes