Morningstar Fund Report  | 17/04/2025Print

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

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
abrdn SICAV I - All China Sustainable Equity Fund A Acc USD
Fund-14.4-16.7-27.09.88.3
+/-Cat0.4-0.9-6.6-4.50.5
+/-B’mrk6.7-6.3-11.9-10.0-3.0
 
Category: China Equity
Category Benchmark: Morningstar China TME NR USD
Key Stats
NAV
16/04/2025		 USD 22.55
Day Change -1.98%
Morningstar Category™ China Equity
ISIN LU0231483743
Fund Size (Mil)
15/04/2025		 USD 311.08
Share Class Size (Mil)
15/04/2025		 USD 200.09
Max Initial Charge 0.05%
Ongoing Charge
23/08/2024		  1.93%
Investment Objective: abrdn SICAV I - All China Sustainable Equity Fund A Acc USD
The Fund’s investment objective is long term total return to be achieved by investing at least 90% of the Fund’s assets in equities and equity-related securities of companies listed, incorporated or domiciled in China; or companies that derive a significant proportion of their revenues or profits from Chinese operations or have a significant proportion of their assets there.
Returns
Trailing Returns (GBP)16/04/2025
YTD-5.11
3 Years Annualised-8.68
5 Years Annualised-5.23
10 Years Annualised-0.16
12 Month Yield 0.00
Management
Manager Name
Start Date
Nicholas Yeo
01/05/2013
Elizabeth Kwik
03/06/2013
Click here to see others
Inception Date
27/04/1992

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China All Shares NR USDMorningstar China TME NR USD
Portfolio Profile for  abrdn SICAV I - All China Sustainable Equity Fund A Acc USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.070.0099.07
Bond0.000.000.00
Property0.000.000.00
Cash1.580.650.93
Other0.000.000.00
Top 5 Regions%
Asia - Emerging91.27
Asia - Developed4.53
Eurozone4.20
United States0.00
Canada0.00
Top 5 Sectors%
Consumer Cyclical34.60
Financial Services21.59
Communication Services15.36
Industrials10.87
Technology8.48
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services9.70
Meituan Class BConsumer CyclicalConsumer Cyclical5.68
PDD Holdings Inc ADRConsumer CyclicalConsumer Cyclical5.55
Contemporary Amperex Technology ... IndustrialsIndustrials5.46
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical5.28
Increase Decrease New since last portfolio
abrdn SICAV I - All China Sustainable Equity Fund A Acc USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  abrdn SICAV I - All China Sustainable Equity Fund A Acc USD
Category:  China Equity
Category Index:  Morningstar China TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-6.8419.0832.18-14.41-16.66-26.989.828.27
+/- Category8.14-0.62-1.740.40-0.87-6.60-4.490.50
+/- Category Index---6.69-6.26-11.90-10.04-2.99
% Rank in Category435494056897455
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.98   -1.70-1.77
1 Week-0.48   -2.90-2.85
1 Month-15.38   -2.81-2.54
3 Months-4.06   -3.80-7.45
6 Months-4.33   -3.53-6.38
YTD-5.11   -3.27-6.22
1 Year9.41   -1.43-10.89
3 Years Annualised-8.68   -4.60-9.91
5 Years Annualised-5.23   -2.42-3.72
10 Years Annualised-0.16   -0.95-2.36
 
Category: China Equity
Category Index: Morningstar China TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20258.27---
2024-4.401.3415.68-2.02
2023-2.76-16.92-1.79-7.96
2022-15.8610.67-14.394.56
2021-4.096.64-14.31-2.34
2020-9.4718.1910.3311.96
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearBelow AverageAverage2 star
10-YearBelow AverageBelow Average3 star
OverallBelow AverageAverage3 star
 
Category :  China EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev28.80 %
3-Yr Mean Return-1.09 %
 
3-Yr Sharpe Ratio-0.18
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar China TME NR USD  Morningstar China TME NR USD
3-Yr Beta0.950.95
3-Yr Alpha-9.14-9.14
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 80360-
Market Capitalisation% of Equity
Giant80.90
Large16.74
Medium2.35
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.461.08
Price/Book2.171.31
Price/Sales2.031.31
Price/Cash Flow12.641.23
Dividend-Yield Factor2.020.75
 
Long-Term Projected Earnings Growth8.261.34
Historical Earnings Growth6.422.06
Sales Growth8.804.47
Cash-Flow Growth20.575.25
Book-Value Growth9.572.06
 
Category: China Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.070.0099.07
Bond0.000.000.00
Property0.000.000.00
Cash1.580.650.93
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone4.209.57
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan0.000.00
Australasia0.00-
Asia - Developed4.530.83
Asia - Emerging91.270.99
 
Category: China Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.750.28
Consumer CyclicalConsumer Cyclical34.601.16
Financial ServicesFinancial Services21.591.28
Real EstateReal Estate1.450.51
Consumer DefensiveConsumer Defensive4.370.78
HealthcareHealthcare2.530.55
Communication ServicesCommunication Services15.360.89
IndustrialsIndustrials10.871.48
TechnologyTechnology8.480.89
 
Category: China Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings57
Total Number of Bond Holdings0
Assets in Top 10 Holdings52.38
NameSectorCountry% of Assets
Tencent Holdings Ltd308China9.70
Meituan Class B102China5.68
PDD Holdings Inc ADR102China5.55
Contemporary Amperex Technology Co Lt... 310China5.46
Alibaba Group Holding Ltd Ordinary Sh... 102China5.28
China Merchants Bank Co Ltd Class A103China4.97
China Construction Bank Corp Class H103China4.36
Prosus NV Ordinary Shares - Class N308Netherlands4.16
JD.com Inc Ordinary Shares - Class A102China3.90
Kweichow Moutai Co Ltd Class A205China3.33
 
Increase Decrease New since last portfolio
Category: China Equity
 
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 Date27/04/1992
Fund Advisor(s)
Abrdn Hong Kong Limited
Fund ManagerNicholas Yeo
Manager Start Date01/05/2013
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 ManagerElizabeth Kwik
Manager Start Date03/06/2013
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 ManagerAlec Jin
Manager Start Date16/07/2018
Education
University of Michigan, B.A.
 
Biography
Alec Jin is an Investment Manager at Aberdeen Standard Investments. Alec joined the company in July 2018 from Standard Chartered Bank where he worked as a Director in Leveraged Finance team. Prior to that, he worked for Citibank in the Technology, Media and Telecom Investment Banking team. Alec graduated with a BA in Business Administration from University of Michigan. He passed Level I of the CFA Program in 2008.
Fund ManagerBush Chu
Manager Start Date14/06/2018
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge0.05%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.75%
Ongoing Charge1.93%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes