Morningstar Fund Report  | 13/04/2025Print

abrdn High Yield Bond Fund Retail Income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn High Yield Bond Fund Retail Income
Fund4.0-9.912.77.50.7
+/-Cat0.92.80.5-0.4-0.4
+/-B’mrk0.01.0-3.5-3.6-1.3
 
Category: GBP High Yield Bond
Category Benchmark: Morningstar UK HY Bd GR GBP
Key Stats
NAV
11/04/2025		 GBX 46.09
Day Change -0.39%
Morningstar Category™ GBP High Yield Bond
IA (formerly IMA) Sector £ High Yield
ISIN GB0000937093
Fund Size (Mil)
11/04/2025		 GBP 201.96
Share Class Size (Mil)
20/03/2025		 GBP 22.92
Max Initial Charge -
Ongoing Charge
11/02/2025		  1.01%
Investment Objective: abrdn High Yield Bond Fund Retail Income
To generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro denominated sub-investment grade (high yield) corporate bonds. The fund will invest at least 70% in Sterling and Euro denominated sub-investment grade corporate bonds.
Returns
Trailing Returns (GBP)11/04/2025
YTD-1.21
3 Years Annualised3.74
5 Years Annualised5.39
10 Years Annualised3.46
12 Month Yield 5.33
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Steven Logan
29/10/2024
Inception Date
07/02/2000

Category Benchmark
Fund BenchmarkMorningstar Benchmark
BOFAML Eur/GBP F&F Non Fin HY 3% Hdg GBPMorningstar UK HY Bd GR GBP
Portfolio Profile for  abrdn High Yield Bond Fund Retail Income31/03/2025
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond98.030.0098.03
Property0.000.000.00
Cash86.4384.631.80
Other0.170.000.17
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn High Yield Bond Fund Retail Income
Category:  GBP High Yield Bond
Category Index:  Morningstar UK HY Bd GR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.849.104.484.04-9.8912.727.470.74
+/- Category2.05-1.660.840.862.830.52-0.43-0.39
+/- Category Index0.06-3.86-0.23-0.020.99-3.49-3.62-1.34
% Rank in Category148731329386589
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.39   -0.27-0.11
1 Week-1.09   0.52-0.62
1 Month-2.23   0.53-1.07
3 Months-1.00   0.38-2.13
6 Months0.51   0.46-2.03
YTD-1.21   0.19-2.08
1 Year5.30   0.19-3.94
3 Years Annualised3.74   0.54-2.60
5 Years Annualised5.39   -0.12-2.00
10 Years Annualised3.46   0.07-1.71
 
Category: GBP High Yield Bond
Category Index: Morningstar UK HY Bd GR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.74---
20240.861.393.361.68
20233.780.511.866.09
2022-3.08-10.34-1.615.39
20211.311.740.790.15
2020-14.0512.251.946.23
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageAverage3 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  GBP High Yield BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.38 %
3-Yr Mean Return4.58 %
 
3-Yr Sharpe Ratio0.07
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK HY Bd GR GBP  Morningstar UK HY Bd GR GBP
3-Yr Beta0.950.95
3-Yr Alpha-2.14-2.14
 
Fixed Income Style31/03/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 207
Maturity Distribution %
1 to 314.52
3 to 542.18
5 to 728.36
7 to 106.73
10 to 153.83
15 to 200.00
20 to 300.71
Over 303.25
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA0.03   BB35.92
AA0.05   B50.56
A0.12   Below B5.47
BBB7.68   Not Rated0.17
 
Category: GBP High Yield Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond98.030.0098.03
Property0.000.000.00
Cash86.4384.631.80
Other0.170.000.17
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings142
Assets in Top 10 Holdings17.50
NameSectorCountry% of Assets
abrdn Liquidity-Sterling Fund Z-1 IncGBPLuxembourg3.37
Teva Pharmaceutical Finance Netherlan... Israel1.85
Tk Elevator Midco GmbH 4.375%Germany1.66
Wepa Hygieneprodukte GmbH 5.625%Germany1.64
Unique Pub Finance Co plc 6.464%United Kingdom1.56
Bellis Acquisition Co PLC 8.125%United Kingdom1.53
Deutsche Bank AG 7.125%Germany1.52
Banijay Entertainment S.A.S. 8.125%France1.49
888 Acquisitions Ltd. 10.75%Gibraltar1.48
Virgin Media Vendor Financing Notes I... United Kingdom1.40
 
Increase Decrease New since last portfolio
Category: GBP High Yield Bond
 
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 Date07/02/2000
Fund Advisor(s)
abrdn Investment Management Limited
Fund ManagerSteven Logan
Manager Start Date29/10/2024
Career Start Year1990
 
Biography
Steve Logan is a Principal and Portfolio Manager on the European Leveraged Finance Team at PGIM Fixed Income, based in London. Mr. Logan is primarily responsible for managing bank loans and high yield bonds across multiple mandates. Mr. Logan has over 35 years of experience in asset management and corporate banking. Prior to joining the Firm in 2020, Mr. Logan was Head of European High Yield and Global Loans at Aberdeen Standard Investments leading a team covering European high yield funds, global loans, Euro convertibles and direct lending. Prior to that, he was Global Head of High Yield at Aberdeen Asset Management and a high yield portfolio manager at Scottish Widows Investment Partnership. Mr. Logan received a BA with honours in Banking and Finance from the University of Central England.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.01%
Purchase Details
Minimum Investments
Initial500  GBP
Additional50  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes