Morningstar Fund Report  | 02/04/2025Print

abrdn SICAV I - Frontier Markets Bond Fund X Acc USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn SICAV I - Frontier Markets Bond Fund X Acc USD
Fund3.2-5.612.016.4-0.7
+/-Cat6.10.17.89.7-0.1
+/-B’mrk5.00.27.912.3-0.3
 
Category: Global Emerging Markets Bond
Category Benchmark: Morningstar EM Sov Bd GR USD
Key Stats
NAV
01/04/2025		 USD 19.39
Day Change -0.01%
Morningstar Category™ Global Emerging Markets Bond
ISIN LU1011993638
Fund Size (Mil)
01/04/2025		 USD 591.08
Share Class Size (Mil)
01/04/2025		 USD 10.47
Max Initial Charge -
Ongoing Charge
23/08/2024		  1.17%
Investment Objective: abrdn SICAV I - Frontier Markets Bond Fund X Acc USD
The Fund’s investment objective is to achieve long term total return by investing at least two-thirds of the Fund’s assets in Debt and Debt-Related Securities which are (i) issued by governments or government related bodies domiciled in a Frontier Market country and/or issued by corporations (including holding companies of such corporations) with their registered office, principal place of business or preponderance of their business activities in a Frontier Market country; and/or (ii) denominated in the currency of a Frontier Market country as at the date of investment.
Returns
Trailing Returns (GBP)01/04/2025
YTD-0.71
3 Years Annualised9.04
5 Years Annualised8.28
10 Years Annualised7.49
12 Month Yield 0.00
Management
Manager Name
Start Date
Kevin Daly
25/09/2013
Anthony Simond
25/09/2013
Inception Date
05/02/2014

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar EM Sov Bd GR USD
Portfolio Profile for  abrdn SICAV I - Frontier Markets Bond Fund X Acc USD28/02/2025
Fixed Income
Effective Maturity-
Effective Duration3.94
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond89.740.0089.74
Property0.000.000.00
Cash20.6611.079.59
Other0.670.000.67
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn SICAV I - Frontier Markets Bond Fund X Acc USD
Category:  Global Emerging Markets Bond
Category Index:  Morningstar EM Sov Bd GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return1.1713.970.863.22-5.6112.0116.41-0.70
+/- Category1.486.27-1.806.100.057.809.75-0.12
+/- Category Index-1.063.97-2.205.040.177.8912.28-0.25
% Rank in Category3037734832-
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.01   -0.15-0.41
1 Week-0.82   -0.45-0.64
1 Month-4.14   -1.21-1.18
3 Months-0.71   -0.05-0.26
6 Months7.46   3.535.18
YTD-0.71   -0.05-0.26
1 Year6.34   2.463.69
3 Years Annualised9.04   4.786.52
5 Years Annualised8.28   5.186.62
10 Years Annualised7.49   3.443.44
 
Category: Global Emerging Markets Bond
Category Index: Morningstar EM Sov Bd GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.70---
20248.10-0.09-1.549.48
2023-3.114.715.145.01
2022-6.08-5.383.073.06
2021-2.554.703.43-2.18
2020-10.3312.42-2.562.68
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAbove Average5 star
5-YearHighAbove Average5 star
10-YearHighAbove Average5 star
Overall*HighAbove Average5 star
 
Category :  Global Emerging Markets BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.88 %
3-Yr Mean Return9.80 %
 
3-Yr Sharpe Ratio0.50
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Sov Bd GR USD  Cat 50%JPM EMBI Plus TR&50%MSCI EM NR
3-Yr Beta0.760.65
3-Yr Alpha5.925.16
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 616
Maturity Distribution %
1 to 316.78
3 to 519.59
5 to 714.37
7 to 1025.92
10 to 157.17
15 to 201.45
20 to 3011.30
Over 300.00
Effective Maturity-
Effective Duration3.94
Credit Quality Breakdown %     %
AAA0.08   BB10.55
AA0.00   B40.35
A0.97   Below B38.45
BBB3.76   Not Rated5.85
 
Category: Global Emerging Markets Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond89.740.0089.74
Property0.000.000.00
Cash20.6611.079.59
Other0.670.000.67
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings110
Assets in Top 10 Holdings28.02
NameSectorCountry% of Assets
abrdn Liquidity-US Dollar Fund Z-1IncUSDLuxembourg4.08
Kenya (Republic of) 18.4607%Kenya3.12
Zambia (Republic Of) 5.75%Zambia3.09
Mozambique (Republic of) 9%Mozambique2.90
Suriname (Republic of) 7.95%Suriname2.68
Ghana (Republic of) 5%Ghana2.67
Pakistan (Islamic Republic of) 7.375%Pakistan2.57
Iraq (Republic Of) 5.8%Iraq2.45
Egypt (Arab Republic of) 8.875%Egypt2.23
Angola (Republic of) 8%Angola2.23
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond
 
Management
Name of Companyabrdn Investments Luxembourg S.A.
Phone(352) 46 40 10 820
Websitewww.aberdeenstandard.com
Address35a Avenue John F Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date05/02/2014
Fund Advisor(s)
abrdn Investments Limited
Fund ManagerKevin Daly
Manager Start Date25/09/2013
Career Start Year1989
Education
University of California, B.A.
 
Biography
Mr. Daly is an Investment Director on the EMD team at Aberdeen Standard Investments. Kevin joined Aberdeen Asset Management in 2007 having spent the previous ten years at Standard & Poor’s in London and Singapore. During that time Kevin worked as a Credit Market Analyst covering global emerging debt and was Head of Origination for Global Sovereign Ratings. Kevin was a regular participant on the Global Sovereign Ratings Committee and was one of the initial members of the Emerging Market Council, formed in 2006 to advise senior management on business and market developments in emerging markets.
Fund ManagerAnthony Simond
Manager Start Date25/09/2013
Career Start Year2008
 
Biography
Anthony is an Investment Manager on the EMD team, where he covers a range of frontier markets including Belarus, Georgia, Egypt and Venezuela. Anthony joined the Aberdeen graduate scheme in 2008, completing placements in different areas of the business including the Pan European equities and Global equities team, before joining the EMD team in 2010. Anthony graduated with a BA (Honours) in Classics from the University of Bristol.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.17%
Purchase Details
Minimum Investments
Initial500  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes