| Morningstar Fund Report | 05/04/2025 |  |
abrdn Latin American Equity Fund I Acc |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -13.5 | 16.2 | 20.9 | -27.9 | 9.1 |
| +/-Cat | -2.0 | 0.3 | -0.9 | -2.1 | -0.2 |
| +/-B’mrk | -5.0 | - | -5.0 | -3.7 | -0.7 |
| Category: Latin America Equity | ||||||
| Category Benchmark: Morningstar EM Americas TME... | ||||||
| Key Stats | ||
| NAV 03/04/2025 | GBX 99.92 | |
| Day Change | -1.72% | |
| Morningstar Category™ | Latin America Equity | |
| IA (formerly IMA) Sector | Latin America | |
| ISIN | GB00B4R0SD95 | |
| Fund Size (Mil) 02/04/2025 | GBP 73.41 | |
| Share Class Size (Mil) 03/04/2025 | GBP 70.70 | |
| Max Initial Charge | - | |
| Ongoing Charge 11/02/2025 | 1.13% | |
| Morningstar Research |
| Analyst Report | 26/03/2025 Harsh Jain, Senior Analyst Morningstar, Inc |
Abrdn Latin American Equity continues to benefit from the depth of analytical resource and collegial approach. However, the strategy’s quality characteristics have deteriorated, which leaves some question marks over execution of the process. As a... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 23 |
| Process | 23 |
| Performance | |
| Price | |
| Investment Objective: abrdn Latin American Equity Fund I Acc |
| To generate growth over the long term (5 years or more) by investing in Latin American equities (company shares). The fund will invest at least 70% in equities and equity related securities of companies listed, incorporated or domiciled in Latin American countries or companies that derive a significant proportion of their revenues or profits from Latin American operations or have a significant proportion of their assets there. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Eduardo Figueiredo 14/02/2011 | ||
Nick Robinson 07/02/2011 | ||
| Click here to see others | ||
Inception Date 01/10/2012 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| MSCI EM Latin America 10/40 +3% NR GBP | Morningstar EM Americas TME NR USD |
| Portfolio Profile for abrdn Latin American Equity Fund I Acc | 28/02/2025 |
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| Top 5 Holdings | Sector | % |
 Itausa Investimentos ITAU SA Par...
|  Industrials | 7.95 |
| Petroleo Brasileiro SA Petrobras...
|  Energy | 6.76 |
 Vale SA |  Basic Materials | 5.78 |
| Wal - Mart de Mexico SAB de CV |  Consumer Defensive | 5.58 |
| Grupo Mexico SAB de CV Class B | Basic Materials | 5.28 |
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Increase Decrease  New since last portfolio | ||
| abrdn Latin American Equity Fund I Acc | ||
| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -4.69 | 16.97 | -17.51 | -13.50 | 16.20 | 20.85 | -27.93 | 9.06 |
| +/- Category | -1.86 | 1.79 | -1.30 | -2.03 | 0.26 | -0.91 | -2.06 | -0.20 |
| +/- Category Index | -4.55 | 2.61 | -0.57 | -4.95 | - | -5.01 | -3.72 | -0.68 |
| % Rank in Category | 69 | 28 | 58 | 62 | 64 | 65 | 78 | 62 |
| Trailing Returns (GBP) | 03/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -1.72 | -1.70 | -2.08 |
| 1 Week | -2.24 | -1.21 | -2.08 |
| 1 Month | -0.43 | -3.68 | -6.15 |
| 3 Months | 6.02 | -2.97 | -5.47 |
| 6 Months | -7.31 | -4.82 | -6.66 |
| YTD | 7.92 | -2.40 | -3.56 |
| 1 Year | -18.43 | -3.24 | -6.32 |
| 3 Years Annualised | -5.13 | -1.88 | -4.17 |
| 5 Years Annualised | 6.97 | -2.24 | -5.28 |
| 10 Years Annualised | 2.44 | -0.16 | -1.53 |
| Category: Latin America Equity | |||
| Category Index: Morningstar EM Americas TME NR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 9.06 | - | - | - |
| 2024 | -4.07 | -12.68 | -1.31 | -12.82 |
| 2023 | 2.08 | 8.37 | -2.38 | 11.92 |
| 2022 | 27.26 | -16.37 | 12.55 | -2.99 |
| 2021 | -6.01 | 13.13 | -14.65 | -4.69 |
| 2020 | -43.11 | 23.65 | -7.57 | 26.88 |
| Morningstar Rating™(Relative to Category) | 28/02/2025 | ||||||||||||||||||||
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| Category : Latin America Equity | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar EM Americas TME NR USD | MSCI EM Latin America NR USD | |
| 3-Yr Beta | 0.88 | 0.87 |
| 3-Yr Alpha | -4.75 | -4.38 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Latin America Equity | |||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 28/02/2025 |
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| World Regions | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Latin America Equity | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 28/02/2025 | |||||||||||||||||||||||||||||||||
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| Category: Latin America Equity | ||||||||||||||||||||||||||||||||||
Consumer Cyclical
Real Estate
Healthcare
Communication Services| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 36 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 52.92 |
| Name | Sector | Country | % of Assets | ||
| Itausa Investimentos ITAU SA Particip...
| | Brazil | 7.95 | ||
| Petroleo Brasileiro SA Petrobras Part...
| | Brazil | 6.76 | ||
| Vale SA | | Brazil | 5.78 | ||
| Wal - Mart de Mexico SAB de CV | | Mexico | 5.58 | ||
| Grupo Mexico SAB de CV Class B | | Mexico | 5.28 | ||
| Credicorp Ltd |  | Peru | 4.71 | ||
| Nu Holdings Ltd Ordinary Shares Class A | | Brazil | 4.63 | ||
| Arca Continental SAB de CV | | Mexico | 4.30 | ||
| Banco Santander Chile ADR | | Chile | 4.01 | ||
| Companhia De Saneamento Basico Do Est...
|  | Brazil | 3.91 | ||
| Increase Decrease New since last portfolio | |||||
| Category: Latin America Equity | |||||
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| Biography | |
| Eduardo Figueiredo is a Director and Head of Brazilian Equities, focusing on the managment of Latin American Equities strategies as part of the Global Emerging Markets Equity Team. Prior to joining Aberdeen Asset Management in February 2011, Eduardo worked at Maua Sekular Investimentos (renamed Maua Capital), a Brazilian Asset Manager. After his initial years as a trainee on the Operations, Macroeconomic Research and Equities he became an Equity Analyst and Portfolio Manager. Eduardo has a BA in Business Administration from Fundação Armando Alvares Penteado - FAAP, São Paulo. He is a CFA charterholder. |
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| Fund Manager | Nick Robinson |
| Manager Start Date | 07/02/2011 |
| Career Start Year | 2000 |
| Education |
| Lincoln College, M.A. |
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| Biography | |
| 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 US offices. In 2008 he joined the Global Emerging Markets Equity team. Nick relocated to São Paulo in 2009 to start Aberdeen’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. |
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| Fund Manager | Brunella Isper |
| Manager Start Date | 07/02/2011 |
| Career Start Year | 2009 |
| Education |
| Fundação Getúlio Vargas - EAESP, BPA |
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| Biography | |
| Brunella Isper is an Investment Manager on the Global Emerging Markets Equity Team. Brunella joined Aberdeen in 2010 from Bresser Asset Management where she worked as an Equity Research Analyst. Brunella graduated with a Bachelor of Public Administration (BPA) from Fundação Getúlio Vargas - EAESP, Brazil. She is a CFA charterholder. |
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| Fund Manager | Mubashira Bukhari Khwaja |
| Manager Start Date | 07/02/2011 |
| Career Start Year | 2007 |
| Education |
| Singapore Management University, MSc |
| Lahore University of Management Sciences, MSc |
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| Biography | |
| Mubashira Bukhari Khwaja is an Investment Director on the Global Emerging Markets Equity team. She joined Aberdeen Asset Management in 2007 after two years in the banking industry. Mubashira graduated with MSc in Wealth Management from Singapore Management University and MSc in Economics from Lahore University of Management Sciences. Mubashira is a CFA charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute |
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| Fund Manager | Tiago Rodrigues |
| Manager Start Date | 13/02/2014 |
| Career Start Year | 2010 |
| Education |
| Universidade Presbiteriana Mackenzie, BSc |
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| Biography | |
| Tiago Rodrigues de Lourenço is an Investment Manager on the Global Emerging Markets Equity team. Tiago joined the company in 2012 as an Intern and later joined the graduate rotation scheme. Tiago graduated with a BSc in Business Administration and International Trade from Universidade Presbiteriana Mackenzie and is a CFA charterholder. |
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| Fund Manager | Ivan Kleimann |
| Manager Start Date | 01/03/2016 |
| Career Start Year | 2015 |
| Education |
| funda, B.A. |
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| Biography | |
| Ivan Kleimann is an Investment Manager on the Global Emerging Markets Equity team. Ivan joined Aberdeen in 2016 from Constellation Asset Management where he worked as an Equity Research Intern. Ivan graduated with a BA in Business Administration from Fundação Getúlio Vargas - EAESP, Brazil. |
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