Morningstar Fund Report  | 23/04/2025Print

abrdn American Equity Fund A Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn American Equity Fund A Acc
Fund25.5-16.99.422.6-10.6
+/-Cat3.64.6-17.3-2.7-0.1
+/-B’mrk-1.86.3-22.6-12.61.6
 
Category: US Large-Cap Growth Equity
Category Benchmark: Morningstar US LM Brd Growt...
Key Stats
NAV
22/04/2025		 GBX 3809.78
Day Change -3.80%
Morningstar Category™ US Large-Cap Growth Equity
IA (formerly IMA) Sector North America
ISIN GB00B0XWN143
Fund Size (Mil)
17/04/2025		 GBP 347.75
Share Class Size (Mil)
22/04/2025		 GBP 54.47
Max Initial Charge -
Ongoing Charge
11/02/2025		  1.29%
Investment Objective: abrdn American Equity Fund A Acc
To generate growth over the long term (5 years or more) by investing in North American equities (company shares). The fund will invest at least 70% in equities and equity related securities of companies listed, incorporated or domiciled in the US or companies that derive a significant proportion of their revenues or profits from US operations or have a significant proportion of their assets there.
Returns
Trailing Returns (GBP)22/04/2025
YTD-19.32
3 Years Annualised-0.28
5 Years Annualised6.32
10 Years Annualised7.97
12 Month Yield 0.00
Management
Manager Name
Start Date
Chris Haimendorf
31/03/2023
Michael Cronin
01/10/2018
Inception Date
26/02/1982

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500+3% TR GBPMorningstar US LM Brd Growth NR USD
Portfolio Profile for  abrdn American Equity Fund A Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.380.0096.38
Bond0.060.000.06
Property0.000.000.00
Cash4.370.813.56
Other0.000.000.00
Top 5 Regions%
United States95.37
Canada1.77
Eurozone1.62
Middle East1.25
Latin America0.00
Top 5 Sectors%
Technology31.58
Healthcare16.55
Consumer Cyclical14.86
Financial Services14.18
Industrials7.52
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology7.62
Amazon.com IncConsumer CyclicalConsumer Cyclical6.82
Alphabet Inc Class CCommunication ServicesCommunication Services4.76
abrdn Liquidity-US Dollar Fund Z... 4.36
Baker Hughes Co Class AEnergyEnergy4.02
Increase Decrease New since last portfolio
abrdn American Equity Fund A Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn American Equity Fund A Acc
Category:  US Large-Cap Growth Equity
Category Index:  Morningstar US LM Brd Growth NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.6326.7313.1725.54-16.959.4022.64-10.61
+/- Category-3.98-0.50-17.983.634.57-17.29-2.72-0.07
+/- Category Index-5.98-2.61-18.74-1.806.32-22.63-12.551.60
% Rank in Category6216624136986441
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.80   -2.42-6.69
1 Week-5.86   -1.55-1.84
1 Month-11.55   -0.73-0.58
3 Months-23.38   -0.401.20
6 Months-13.26   0.050.23
YTD-19.32   -0.610.35
1 Year-8.65   -4.36-8.28
3 Years Annualised-0.28   -5.83-8.88
5 Years Annualised6.32   -3.61-6.50
10 Years Annualised7.97   -4.02-5.79
 
Category: US Large-Cap Growth Equity
Category Index: Morningstar US LM Brd Growth NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-10.61---
202411.212.15-4.7513.34
2023-3.055.071.935.37
2022-4.70-12.553.60-3.81
20214.278.185.215.79
2020-9.2614.384.304.55
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowLow2 star
5-YearLowLow2 star
10-YearLowLow2 star
OverallLowLow2 star
 
Category :  US Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.50 %
3-Yr Mean Return2.27 %
 
3-Yr Sharpe Ratio-0.14
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US LM Brd Growth NR USD  Morningstar US LM Brd Growth NR USD
3-Yr Beta0.580.58
3-Yr Alpha-5.96-5.96
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 221891-
Market Capitalisation% of Equity
Giant46.38
Large38.35
Medium13.33
Small1.95
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings21.720.83
Price/Book4.950.80
Price/Sales3.710.79
Price/Cash Flow16.480.93
Dividend-Yield Factor1.091.58
 
Long-Term Projected Earnings Growth10.780.98
Historical Earnings Growth16.400.93
Sales Growth9.690.94
Cash-Flow Growth12.590.70
Book-Value Growth9.800.74
 
Category: US Large-Cap Growth Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.380.0096.38
Bond0.060.000.06
Property0.000.000.00
Cash4.370.813.56
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States95.371.00
Canada1.771.41
Latin America0.000.00
United Kingdom0.000.00
Eurozone1.621.23
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East1.259.51
Japan0.000.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Growth Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.080.93
Consumer CyclicalConsumer Cyclical14.860.99
Financial ServicesFinancial Services14.181.36
Consumer DefensiveConsumer Defensive2.911.00
HealthcareHealthcare16.551.42
Communication ServicesCommunication Services7.170.59
EnergyEnergy4.174.35
IndustrialsIndustrials7.521.22
TechnologyTechnology31.580.83
 
Category: US Large-Cap Growth Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings44.98
NameSectorCountry% of Assets
Microsoft Corp311United States7.62
Amazon.com Inc102United States6.82
Alphabet Inc Class C308United States4.76
abrdn Liquidity-US Dollar Fund Z-1IncUSDLuxembourg4.36
Baker Hughes Co Class A309United States4.02
TJX Companies Inc102United States3.87
Mastercard Inc Class A103United States3.77
O'Reilly Automotive Inc102United States3.63
Apple Inc311United States3.30
UnitedHealth Group Inc206United States2.84
 
Increase Decrease New since last portfolio
Category: US Large-Cap Growth 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 Date26/02/1982
Fund Advisor(s)
abrdn Investments Limited
Fund ManagerChris Haimendorf
Manager Start Date31/03/2023
Career Start Year1998
Education
University of Cambridge, B.A.
 
Biography
Christopher Haimendorf is a Senior Investment Director on the North American Equity team at abrdn. In this role, Chris analyzes current and prospective holdings and assists with the management of client portfolios. Chris brings a wealth of experience to the firm. He moved from the European Equities team where he worked as an Investment Director since 2001, having previously covered UK Equities. Chris joined the company in 1998 after graduating from the University of Cambridge with a BA (Hons) in Natural Sciences (Physiology) and is a CFA charterholder.
Fund ManagerMichael Cronin
Manager Start Date01/10/2018
Career Start Year2002
Education
2002, College of the Holy Cross, B.A.
2007, Babson College, M.B.A.
 
Biography
Mike Cronin is an Investment Director on the North American Equity team at Aberdeen Standard Investments. Mike analyzes current and prospective holdings and assists with the management of client portfolios. Mike joined Standard Life Investments US Equities team in 2017. Previously, he worked at Citigroup as a Senior Associate covering US Banks & Brokers. Prior to that he was an Assistant Vice President / Portfolio Communications Analyst at Wellington Management Company. He earned a BA in Economics from the College of the Holy Cross and an MBA from Babson College. Mike is a CFA charterholder and is a member of the Boston Security Analysts Society.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.20%
Ongoing Charge1.29%
Purchase Details
Minimum Investments
Initial500  GBP
Additional50  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes