Fact sheet: Aberdeen Absolute Rtn Bd

Fund information
Fund name
Aberdeen Absolute Return Bond I Acc
Fund manager company
Aberdeen Fund Managers Limited
Fund type
OEIC
Fund manager
  • Global Credit Teamsince 28/08/2015
Fund objective
The Fund aims to achieve a positive return over a rolling 12-month period, independent of prevailing market conditions, by investing predominantly in Debt and debt–related securities issued by governments, supranational institutions, government-related bodies and/or corporations, as well as money market instruments, cash, near cash and deposits. There is no guarantee that a positive return will be achieved over any time period and capital may be at risk. Investors may not get back the full amount originally invested. All or a substantial proportion of the physical assets of the Fund may at any time consist of cash and near cash, deposits and/or money market instruments. Additionally, the Fund may invest in units in collective investments schemes (including other funds managed by the Investment Adviser or its affiliates). The Fund may use financial derivatives instruments for investment purposes and/or efficient portfolio management.
Benchmark
  • 3 Month LIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
2.9%
1 Year rank in sector
39/71
Sector
UT Targeted Absolute Return
Yield
1.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.63%
Fund size
£154m (£115m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
12
Mid price
105.94
Top in this sector
Fund name1 Year
VT iFunds Absolute Rtn Orange22.1%
Schroder UKDynAbsRet16.8%
7IM Unconstrained16.7%
S&W Saltus Wealth16.3%
VT iFunds Absolute Rtn Green15%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • UK95.6%
    Germany6.5%
    Netherlands5.9%
    Switzerland3.9%
    Sweden3.2%
  • Financials38.2%
    Industrials37.7%
    Others7.5%
    Government Bonds6.6%
    Utilities6.5%
  • Cash & Cash Equivalents111.9%
    US Corporate Fixed Interest23%
    UK Corporate Fixed Interest18.6%
    Money Market15.5%
    German Corporate Fixed Interest7.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.3%1.8%2.9%-2.6%-
Sector0.8%1.4%2.9%4.1%7.8%18.9%
Rank within sector66 / 7755 / 7745 / 7439 / 7152 / 56-
Quartile4th3rd3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund1.2%1%-1.3%-3.5%3%
Sector2%1%2.2%2.5%6.5%
Rank within sector47 / 7738 / 7055 / 6453 / 5540 / 50
Quartile3rd3rd4th4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.17
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.17
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
1.79
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.26
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-1.39
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.02
Price movement
52 week high106.38
52 week low102.33
Current bid price-
Current offer price-
Current mid price105.94
Region
1UK95.57%
2Germany6.53%
3Netherlands5.89%
4Switzerland3.92%
5Sweden3.24%
6Czech Republic3.05%
7India2.02%
8Russia1.98%
9Israel1.91%
Industry sector
1Financials38.22%
2Industrials37.7%
3Others7.54%
4Government Bonds6.58%
5Utilities6.5%
6Asset/Mortgage-Backed Securities3.39%
7Mortgage & Secured Bonds1.38%
8Property Shares1%
9Derivatives-2.32%
Asset type
1Cash & Cash Equivalents111.9%
2US Corporate Fixed Interest22.98%
3UK Corporate Fixed Interest18.62%
4Money Market15.47%
5German Corporate Fixed Interest7.34%
6Dutch Corporate Fixed Interest5.89%
7French Corporate Fixed Interest4.1%
8Italian Corporate Fixed Interest2.54%
9Swiss Corporate Fixed Interest2.44%
Individual holdings
1DAIMLER AG 1.75% BDS 08/11/17 GBP10001.6%
2HSBC HLDGS CALL SUB 6.375%/FLTG RT NTS 18/10/22 GBP1.5%
3SOCIETE GENERALE 9.375% FRN PERP1.4%
4JP MORGAN CHASE & CO FRN 30/05/171.3%
5ANNINGTON FINANCE NO 4 0% BDS 7/12/2022 GBP100001.2%
6AVIVA 8.25% PERP1.2%
7COOPERATIEVE RABOBANK UA 11% VAR PERP1.2%
8ELECTRONIC ARTS 3.7% BDS 01/03/21 USD20001.2%
9SLM STUDENT LOAN TRUST 2003-10 5.15% EMTN 15/12/2039 GBP1 144A1.2%
Management
Fund manager group
Aberdeen
Fund manager company
Aberdeen Fund Managers Limited
Fund type
OEIC
Fund objective
The Fund aims to achieve a positive return over a rolling 12-month period, independent of prevailing market conditions, by investing predominantly in Debt and debt–related securities issued by governments, supranational institutions, government-related bodies and/or corporations, as well as money market instruments, cash, near cash and deposits. There is no guarantee that a positive return will be achieved over any time period and capital may be at risk. Investors may not get back the full amount originally invested. All or a substantial proportion of the physical assets of the Fund may at any time consist of cash and near cash, deposits and/or money market instruments. Additionally, the Fund may invest in units in collective investments schemes (including other funds managed by the Investment Adviser or its affiliates). The Fund may use financial derivatives instruments for investment purposes and/or efficient portfolio management.
Benchmark
  • 3 Month LIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Global Credit Team28/08/2015
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Aberdeen Absolute Return Bond A Acc
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.44
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH9Q
Aberdeen Absolute Return Bond A Inc
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.82
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMH9R
Aberdeen Absolute Return Bond I Acc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.94
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH9T
Aberdeen Absolute Return Bond I Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.66
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH9S
Aberdeen Absolute Return Bond I Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.58
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMH9V
Aberdeen Absolute Return Bond I Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.34
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMH9U
Aberdeen Absolute Return Bond K Acc
Initial charge-
Annual charge0.45%
Min single investment£25,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.62
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN00F
Aberdeen Absolute Return Bond Z Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price130.51
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMH9W
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.