Morningstar Fund Report  | 17/04/2025Print

abrdn SICAV I - China A Share Sustainable Equity Fund I Acc USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn SICAV I - China A Share Sustainable Equity Fund I Acc USD
Fund-5.5-13.4-28.85.2-0.4
+/-Cat-5.76.2-8.6-5.11.2
+/-B’mrk-10.44.7-12.2-8.42.4
 
Category: China Equity - A Shares
Category Benchmark: MSCI China A Onshore NR CNY
Key Stats
NAV
16/04/2025		 USD 14.00
Day Change -0.53%
Morningstar Category™ China Equity - A Shares
ISIN LU1130125799
Fund Size (Mil)
15/04/2025		 USD 756.39
Share Class Size (Mil)
15/04/2025		 USD 216.53
Max Initial Charge -
Ongoing Charge
30/09/2024		  1.16%
Investment Objective: abrdn SICAV I - China A Share Sustainable Equity Fund I Acc USD
The Fund’s investment objective is long term total return to be achieved by investing, directly or indirectly (including through QFI, the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes, participatory notes, equity linked notes and any other eligible means), at least 90% of its total assets in equity and equity-related securities of companies whose securities are listed on Chinese Stock Exchanges, including, without limitation, China A-Shares and B-Shares of companies listed on the Chinese Stock Exchanges and corresponding H-shares or other equivalent securities authorised by the China Securities Regulatory Commission for purchase by non-Chinese investors.
Returns
Trailing Returns (GBP)16/04/2025
YTD-8.52
3 Years Annualised-11.43
5 Years Annualised-2.92
10 Years Annualised3.31
12 Month Yield 0.00
Management
Manager Name
Start Date
Nicholas Yeo
16/03/2015
Pruksa Iamthongthong
16/03/2015
Click here to see others
Inception Date
16/03/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China A Onshore NR USDMSCI China A Onshore NR CNY
Portfolio Profile for  abrdn SICAV I - China A Share Sustainable Equity Fund I Acc USD31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.630.0097.63
Bond0.000.000.00
Property0.000.000.00
Cash2.370.002.37
Other0.000.000.00
Top 5 Regions%
Asia - Emerging100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Industrials26.76
Financial Services22.21
Consumer Cyclical18.33
Consumer Defensive10.83
Technology9.30
Top 5 HoldingsSector%
Contemporary Amperex Technology ... IndustrialsIndustrials7.84
Kweichow Moutai Co Ltd Class AConsumer DefensiveConsumer Defensive6.69
China Merchants Bank Co Ltd Class AFinancial ServicesFinancial Services6.45
Midea Group Co Ltd Class AConsumer CyclicalConsumer Cyclical4.98
BYD Co Ltd Class AConsumer CyclicalConsumer Cyclical4.71
Increase Decrease New since last portfolio
abrdn SICAV I - China A Share Sustainable Equity Fund I Acc USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn SICAV I - China A Share Sustainable Equity Fund I Acc USD
Category:  China Equity - A Shares
Category Index:  MSCI China A Onshore NR CNY
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.7731.8549.46-5.46-13.35-28.815.20-0.43
+/- Category14.140.4010.05-5.686.19-8.64-5.131.15
+/- Category Index20.05-0.3213.74-10.454.72-12.17-8.392.45
% Rank in Category145267611957727
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.53   -0.09-0.50
1 Week-0.54   -1.210.47
1 Month-10.93   -0.48-0.65
3 Months-7.81   -0.470.64
6 Months-6.49   -0.69-1.15
YTD-8.52   0.171.19
1 Year-0.40   -0.42-2.60
3 Years Annualised-11.43   -3.20-4.69
5 Years Annualised-2.92   -1.46-2.88
10 Years Annualised3.31   2.625.28
 
Category: China Equity - A Shares
Category Index: MSCI China A Onshore NR CNY
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.43---
2024-3.65-3.4515.78-2.32
2023-2.14-17.08-2.93-9.62
2022-14.6612.86-11.311.44
2021-4.516.58-8.791.86
2020-6.0620.3711.5618.48
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearAverageAbove Average2 star
10-YearAbove AverageAverage4 star
OverallAverageAbove Average3 star
 
Category :  China Equity - A SharesClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev25.09 %
3-Yr Mean Return-6.10 %
 
3-Yr Sharpe Ratio-0.41
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI China A Onshore NR CNY  MSCI China A Onshore NR CNY
3-Yr Beta1.081.08
3-Yr Alpha-3.58-3.58
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 39648-
Market Capitalisation% of Equity
Giant67.66
Large28.60
Medium3.74
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.891.00
Price/Book2.371.17
Price/Sales2.251.30
Price/Cash Flow11.561.06
Dividend-Yield Factor2.640.96
 
Long-Term Projected Earnings Growth8.561.11
Historical Earnings Growth11.261.68
Sales Growth6.671.75
Cash-Flow Growth21.231.29
Book-Value Growth10.691.13
 
Category: China Equity - A Shares
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.630.0097.63
Bond0.000.000.00
Property0.000.000.00
Cash2.370.002.37
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.00-
Latin America0.00-
United Kingdom0.00-
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging100.001.01
 
Category: China Equity - A Shares
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.300.32
Consumer CyclicalConsumer Cyclical18.331.67
Financial ServicesFinancial Services22.211.00
Consumer DefensiveConsumer Defensive10.830.90
HealthcareHealthcare7.311.01
UtilitiesUtilities2.960.95
IndustrialsIndustrials26.761.54
TechnologyTechnology9.300.61
 
Category: China Equity - A Shares
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings47
Total Number of Bond Holdings0
Assets in Top 10 Holdings47.23
NameSectorCountry% of Assets
Contemporary Amperex Technology Co Lt... 310China7.84
Kweichow Moutai Co Ltd Class A205China6.69
China Merchants Bank Co Ltd Class A103China6.45
Midea Group Co Ltd Class A102China4.98
BYD Co Ltd Class A102China4.71
Fuyao Glass Industry Group Co Ltd Cla... 102China4.52
Ping An Insurance (Group) Co. of Chin... 103China3.29
Luxshare Precision Industry Co Ltd Cl... 311China3.04
Yutong Bus Co Ltd Class A310China2.86
NARI Technology Co Ltd Class A310China2.85
 
Increase Decrease New since last portfolio
Category: China Equity - A Shares
 
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 Date16/03/2015
Fund Advisor(s)
abrdn Investments Limited
Fund ManagerNicholas Yeo
Manager Start Date16/03/2015
Career Start Year2000
Education
Warwick Business School, M.S.
University of Manchester, B.A.
 
Biography
Nicholas Yeo is the Head of Equities - China at abrdn. Nicholas joined the company in 2000 via the acquisition of Murray Johnstone. He was seconded to the London Global Emerging Market team for two years where he covered EMEA and Latin American companies, before returning to the Asian Equities team in Singapore in March 2004. In March 2007, he transferred to Hong Kong to lead Chinese equity research. Nicholas holds a BA (Hons) in Accounting and Finance from The University of Manchester and an MSc in Financial Mathematics from Warwick Business School. Nicholas is a CFA® charterholder.
Fund ManagerPruksa Iamthongthong
Manager Start Date16/03/2015
Career Start Year2007
Education
Chulalongkorn University, B.A.
 
Biography
Pruksa Iamthongthong is Senior Investment Director on the Asian equities team. Pruksa joined the company in 2007. Pruksa graduated with a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA charterholder. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Longer version: Pruksa Iamthongthong is a Senior Investment Director on the Asian equities team. Pruksa joined the company in 2007. Co-covering Greater China with her Singapore and Hong Kong-based colleagues, Pruksa is part of the investment team managing Chinese Equities. She also sits on the Asia Pacific ex Japan Equities investment team, where she is responsible for company research and portfolio construction. Pruksa is also a Co-manager of Asia Dragon Trust, an asia focused investment trust listed in the UK. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Fund ManagerElizabeth Kwik
Manager Start Date16/03/2015
Education
London School of Economics, B.S.
 
Biography
Elizabeth Kwik is an Investment Manager on the China/Hong Kong Equities Team at abrdn. Elizabeth joined the company in 2013. Elizabeth graduated with a Bachelor of Science in Economics from the London School of Economics.
Fund ManagerJim Jiang
Manager Start Date09/07/2018
 
Biography
Jim Jiang is an Investment Analyst on the China/Hong Kong Equities Team at Aberdeen Standard Investments. Jim joined Aberdeen Standard Investments in 2018 upon completion of an internship with the team in 2017. Jim graduated with a Bachelor of Science in Quantitative Finance from The Hong Kong University of Science and Technology.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.16%
Purchase Details
Minimum Investments
Initial1000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes