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abrdn China A Share Equity Fund
mutual fund
GOPIX
Payout Change
Pending
Price as of:
$22.79
+0.09
+0.4%
primary theme
China Region Equity
share class
GOPIX (Mutual Fund)
abrdn China A Share Equity Fund
Payout Change
Pending
Price as of:
$22.79
+0.09
+0.4%
primary theme
China Region Equity
share class
GOPIX (Mutual Fund)
abrdn China A Share Equity Fund
Payout Change
Pending
Price as of:
$22.79
+0.09
+0.4%
primary theme
China Region Equity
share class
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.1%
1 yr return
9.8%
3 Yr Avg Return
-14.9%
5 Yr Avg Return
-1.1%
Net Assets
$20 M
Holdings in Top 10
47.4%
52 WEEK LOW AND HIGH
$22.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.21%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GOPIX - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return -14.9%
- 5 Yr Annualized Total Return -1.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.32%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal Nameabrdn China A Share Equity Fund
-
Fund Family NameAberdeen
-
Inception DateJul 01, 2004
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNicholas Yeo
Fund Description
As a non-fundamental policy, under normal circumstances, the China A Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of mainland China-based companies that are denominated in Renminbi and listed on the Shenzhen and Shanghai stock exchanges (“China A Shares”). For the purposes of the Fund meeting its 80% investment policy, the Fund will include investments in exchange-traded funds (“ETFs”) that have policies to invest 80% or more of their assets in China A Shares.
China A Shares are only available to non-mainland China investors like the Fund through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively, “Stock Connect”) or the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor systems (collectively, the “QFII Programs”). Stock Connect and the QFII Programs are subject to regulatory changes and specified quota limitations. The Shanghai and Shenzhen stock exchanges may close for extended periods for holidays or otherwise, which impacts the Fund’s ability to trade in China A Shares during those periods.
The Fund may invest in securities denominated in U.S. Dollars and the currencies of the foreign countries in which it is permitted to invest. The Fund typically has full currency exposure to those markets in which it invests.
The Fund may invest without limit in the equity securities of companies of any size, including small-cap and mid-cap companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. The Fund also may invest in equity-linked notes. An equity-linked note is a security whose performance is generally tied to a single stock, a stock index or a basket of stocks. For purposes of the Fund’s 80% policy described above, equity-linked notes are classified according to their underlying or referenced security or securities. The Fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector. The Fund currently anticipates that it will have significant exposure to the consumer staples and industrials sectors.
In seeking to achieve the Fund’s investment objective, the Adviser and Sub-adviser invest in quality companies and are an active, engaged owners. The Adviser and Sub-adviser evaluate every company against quality criteria and build conviction using a team-based approach and peer review process. The quality assessment covers five key factors: 1) the durability of the business model, 2) the attractiveness of the industry, 3) the strength of financials, 4) the capability of management, and 5) the most material environmental, social and governance (“ESG”) factors impacting a company. As ESG information is just one investment consideration, ESG considerations generally are not solely determinative in any investment decision made by the Adviser and Sub-adviser. Through fundamental research, supported by a global research presence, the Adviser and Sub-adviser seek to identify companies whose quality and future prospects are not yet fully recognized by the market.
GOPIX - Performance
Return Ranking - Trailing
| Period | GOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -12.8% | 31.4% | 66.29% |
| 1 Yr | 9.8% | -12.1% | 35.4% | 69.66% |
| 3 Yr | -14.9%* | -20.4% | 4.4% | 81.93% |
| 5 Yr | -1.1%* | -12.7% | 13.7% | 42.65% |
| 10 Yr | 3.2%* | -4.1% | 9.9% | 30.00% |
* Annualized
Return Ranking - Calendar
| Period | GOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -25.6% | -26.6% | 26.3% | 96.63% |
| 2022 | -22.5% | -41.6% | -9.4% | 15.66% |
| 2021 | -8.6% | -52.5% | 26.5% | 32.50% |
| 2020 | 54.6% | 1.3% | 138.5% | 17.14% |
| 2019 | 26.0% | 4.4% | 42.6% | 48.53% |
Total Return Ranking - Trailing
| Period | GOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -12.8% | 31.4% | 66.29% |
| 1 Yr | 9.8% | -12.1% | 35.4% | 69.66% |
| 3 Yr | -14.9%* | -20.4% | 4.4% | 81.93% |
| 5 Yr | -1.1%* | -12.7% | 13.7% | 42.65% |
| 10 Yr | 3.2%* | -4.1% | 9.9% | 30.00% |
* Annualized
Total Return Ranking - Calendar
| Period | GOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -25.0% | -25.7% | 30.1% | 93.26% |
| 2022 | -22.5% | -40.4% | -6.8% | 21.69% |
| 2021 | -6.2% | -48.9% | 29.5% | 45.00% |
| 2020 | 57.0% | 2.0% | 138.5% | 17.14% |
| 2019 | 31.7% | 7.8% | 44.4% | 44.12% |
NAV & Total Return History
GOPIX - Holdings
Concentration Analysis
| GOPIX | Category Low | Category High | GOPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 20 M | 1.85 M | 5.63 B | 76.40% |
| Number of Holdings | 43 | 27 | 1169 | 79.78% |
| Net Assets in Top 10 | 7.48 M | 971 K | 4.09 B | 70.79% |
| Weighting of Top 10 | 47.42% | 5.6% | 85.4% | 49.44% |
Top 10 Holdings
- Kweichow Moutai Co Ltd 8.68%
- Contemporary Amperex Technology Co Ltd 6.68%
- Midea Group Co Ltd 4.75%
- State Street Institutional US Government Money Market Fund 4.72%
- China Merchants Bank Co Ltd 4.57%
- Fuyao Glass Industry Group Co Ltd 4.34%
- Proya Cosmetics Co Ltd 4.07%
- Ping An Insurance Group Co of China Ltd 3.35%
- Shenzhen Mindray Bio-Medical Electronics Co Ltd 3.30%
- Sungrow Power Supply Co Ltd 2.96%
Asset Allocation
| Weighting | Return Low | Return High | GOPIX % Rank | |
|---|---|---|---|---|
| Stocks | 95.30% | 51.72% | 113.15% | 76.40% |
| Cash | 4.72% | 0.00% | 33.85% | 24.72% |
| Preferred Stocks | 0.00% | 0.00% | 2.47% | 38.20% |
| Other | 0.00% | -0.02% | 47.32% | 44.94% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 37.65% |
| Bonds | 0.00% | 0.00% | 0.00% | 32.58% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GOPIX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 20.07% | 0.00% | 20.13% | 3.53% |
| Technology | 18.64% | 0.00% | 58.02% | 21.18% |
| Industrials | 16.50% | 0.00% | 36.69% | 27.06% |
| Consumer Cyclical | 15.97% | 0.00% | 95.37% | 64.71% |
| Financial Services | 14.47% | 0.00% | 41.62% | 52.94% |
| Healthcare | 8.78% | 0.00% | 100.00% | 41.18% |
| Basic Materials | 2.89% | 0.00% | 19.86% | 62.35% |
| Real Estate | 2.68% | 0.00% | 22.12% | 51.76% |
| Utilities | 0.00% | 0.00% | 11.37% | 61.18% |
| Energy | 0.00% | 0.00% | 19.38% | 63.53% |
| Communication Services | 0.00% | 0.00% | 41.06% | 87.06% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GOPIX % Rank | |
|---|---|---|---|---|
| Non US | 93.01% | 0.00% | 100.00% | 26.97% |
| US | 2.29% | 0.00% | 100.63% | 70.79% |
GOPIX - Expenses
Operational Fees
| GOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | 11.25% | 47.19% |
| Management Fee | 0.85% | 0.09% | 1.50% | 44.94% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.25% | 25.64% |
Sales Fees
| GOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| GOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | 28.00% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 45.21% | 4.00% | 241.00% | 36.11% |
GOPIX - Distributions
Dividend Yield Analysis
| GOPIX | Category Low | Category High | GOPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.74% | 0.00% | 8.89% | 66.29% |
Dividend Distribution Analysis
| GOPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| GOPIX | Category Low | Category High | GOPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.32% | -1.17% | 3.66% | 40.00% |
Capital Gain Distribution Analysis
| GOPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.167 | OrdinaryDividend |
| Dec 22, 2021 | $0.941 | CapitalGainShortTerm |
| Dec 22, 2020 | $0.574 | OrdinaryDividend |
| Dec 20, 2019 | $0.072 | OrdinaryDividend |
| Dec 20, 2019 | $1.079 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.084 | OrdinaryDividend |
| Dec 21, 2017 | $0.290 | OrdinaryDividend |
| Dec 22, 2016 | $0.245 | OrdinaryDividend |
| Sep 18, 2015 | $0.279 | OrdinaryDividend |
| Jun 19, 2015 | $0.078 | OrdinaryDividend |
| Dec 19, 2014 | $0.047 | OrdinaryDividend |
| Sep 12, 2014 | $0.053 | OrdinaryDividend |
| Jun 13, 2014 | $0.110 | OrdinaryDividend |
| Dec 20, 2013 | $0.065 | OrdinaryDividend |
| Sep 13, 2013 | $0.075 | OrdinaryDividend |
| Jun 14, 2013 | $0.052 | OrdinaryDividend |
| Sep 14, 2012 | $0.061 | OrdinaryDividend |
| Jun 15, 2012 | $0.209 | OrdinaryDividend |
| Mar 16, 2012 | $0.121 | OrdinaryDividend |
| Dec 20, 2011 | $0.073 | OrdinaryDividend |
| Sep 16, 2011 | $0.045 | OrdinaryDividend |
| Jun 17, 2011 | $0.135 | OrdinaryDividend |
| Dec 17, 2010 | $0.033 | OrdinaryDividend |
| Sep 17, 2010 | $0.032 | OrdinaryDividend |
| Jun 18, 2010 | $0.104 | OrdinaryDividend |
| Sep 18, 2009 | $0.050 | OrdinaryDividend |
| Jun 19, 2009 | $0.113 | OrdinaryDividend |
| Sep 19, 2008 | $0.078 | OrdinaryDividend |
GOPIX - Fund Manager Analysis
Managers
Nicholas Yeo
Start Date
Tenure
Tenure Rank
Jan 01, 2009
13.42
13.4%
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.
Pruksa Iamthongthong
Start Date
Tenure
Tenure Rank
Dec 31, 2009
12.42
12.4%
Pruksa Iamthongthong is an Investment Director on the Asian Equities Team at Aberdeen Standard Investments. Pruksa joined Aberdeen Asset Management in 2007. Pruksa graduated with a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA® charterholder.
Elizabeth Kwik
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
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.
Jim Jiang
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.1 | 3.8 | 3.22 |
