AAADX — Aberdeen Income Builder Fund
Data updated: 2020-03-27
AAADX — Aberdeen Income Builder Fund. Japan Value Equity · $89.38M AUM · 1.43% expense ratio. Holdings, fees, performance and SEC filings.
AAADX Fund Overview
AAADX — Aberdeen Income Builder Fund is a US mutual fund managed by abrdn Funds, categorised as Japan Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: abrdn Funds
- Category: Japan Value Equity
- Assets under management: $89.38M
- Ticker: AAADX
- SEC CIK: 0001413594
- SEC series ID: S000061522
- Share class ID: C000199219
AAADX Investment Objective and Strategy
Aberdeen Income Builder Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by abrdn Funds.
Investment objective
The Aberdeen Income Builder Fund (the Income Builder Fund or the Fund) seeks income.
Principal investment strategy
Under normal circumstances, the Income Builder Fund invests at least 80% of its net assets in equity and fixed income securities of domestic and foreign issuers. Net assets include the amounts of any borrowings for investment purposes. The Fund uses a multi-cap, multi-sector, multi-style approach to invest in the securities of certain issuers of any capitalization level and in any sector or industry. In order to achieve its investment objectives, the Fund seeks investments in income-producing instruments and equity securities that have the potential to provide income and/or long term growth of capital. In order to generate income, the Fund may use a dividend capture strategy where it purchases shares prior to the record date for a dividend and sells them within a short time thereafter. The Fund invests in the fixed income and equity securities of U.S.
and foreign issuers, including those in emerging markets. The Fund is not restricted with respect to how much it may invest in the issuers of any single country or the amount it may invest in non-U.S. issuers, provided the Fund limits its investments in countries that are considered emerging markets to no more than 25% of its net assets at the time of investment. An emerging market country is any country that is considered to be an emerging or developing country by the International Bank for Reconstruction and Development. Emerging market countries generally include every nation in the world except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western Europe. The Adviser defines Western Europe as Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
Allocation of the Funds assets among countries is dependent on the economic outlook of those countries and the dividends available in their markets. The Adviser screens the U.S. and foreign issuers in which it considers investing using the same criteria, including accelerating dividends , sufficiently liquid trading in an established market, and also its judgment that the issuer may have good prospects for earnings growth or may be undervalued. The equity securities in which the Fund invests may include common stocks, preferred stocks and securities convertible into or exchangeable for common stocks, such as convertible debt, options on securities and warrants. The Fund may invest in companies of any market capitalization. The Fund may invest up to 50% of its total assets in debt securities and other type of investment that are below investment grade, which are commonly known as junk bonds.
AAADX Costs and Fees
AAADX costs about $143 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.43%
- Gross expense ratio: 1.48%
- Portfolio turnover: 88%
- Brokerage commissions: 1.36 bps of average net assets (SEC N-CEN)
AAADX Cashflows
Over the 12 months to 2020-01, Aberdeen Income Builder Fund had net outflows of $1.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-01 | −$174.92K |
| 2019-12 | $49.58K |
| 2019-11 | −$54.20K |
| 2019-10 | −$23.96K |
| 2019-09 | −$1.02M |
| 2019-08 | −$181.76K |
AAADX Debt Constituents
No individual debt constituents are reported in Aberdeen Income Builder Fund's latest SEC N-PORT filing.
AAADX Prospectus and SEC Filings
Official Aberdeen Income Builder Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-03-21
- Prospectus (485BPOS) — filed 2018-03-27
- Prospectus supplement (497) — filed 2018-05-24
- Portfolio holdings (N-PORT) — filed 2020-03-27
- Portfolio holdings (N-PORT) — filed 2019-12-20
- Annual census (N-CEN) — filed 2020-01-13
- Annual census, amended (N-CEN/A) — filed 2019-04-05
Related Funds
Other Japan Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.