AGISX — Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund)
Data updated: 2025-09-25
AGISX — Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund). Holdings, fees, performance and SEC filings.
AGISX Fund Overview
AGISX — Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) is a US mutual fund managed by abrdn Funds, categorised as Developed ex-US Multi-Cap / All-Cap Blend / Core 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: Developed ex-US Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $116.90M
- Ticker: AGISX
- SEC CIK: 0001413594
- SEC series ID: S000025402
- Share class ID: C000076091
AGISX Investment Objective and Strategy
Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) describes its objective and strategy as follows, from its latest prospectus filed with the SEC by abrdn Funds.
Investment objective
The Aberdeen International Small Cap Fund (the International Small Cap Fund or the Fund) seeks long-term growth of capital.
Principal investment strategy
The International Small Cap Fund seeks to achieve its objective by investing primarily in equity securities of small non-U.S. companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. As a non-fundamental policy, under normal market conditions, the Fund will invest at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of non-U.S. small companies. For purposes of the 80% policy, a company is considered to be a non-U.S. company if Fund management determines that the company meets one or more of the following criteria: the company is organized under the laws of or has its principal place of business in a country outside the U.S.; has its principal securities trading market in a country outside the U.S.; and/or derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country outside the U.S.
The Fund considers a small company to be one whose market capitalization is within the range of capitalizations of companies in the MSCI All Country World ex-USA Small Cap Index at the time of purchase. As of December 31, 2017, the MSCI All Country World ex-USA Small Cap Index included companies with market capitalizations up to $10.16 billion. In addition, based on current market conditions, the Fund generally will not consider a company with a market capitalization in excess of $6 billion to be small-cap; however, this maximum capitalization may change with market conditions. Some companies may outgrow the definition of a small company or may no longer fall within the range of a reconstituted index after the Fund has purchased their securities. These companies will continue to be considered small for purposes of the Funds minimum 80% allocation to small company equities.
In addition, the Fund may invest in companies of any size once the 80% policy is met. As a result, the Funds average market capitalization may sometimes exceed that of the largest company in the MSCI All Country World ex-USA Small Cap Index. If the International Small Cap Fund changes its 80% investment policy, it will notify shareholders at least 60 days before the change and, if necessary, will change the name of the International Small Cap Fund. Under normal circumstances, a number of countries around the world will be represented in the Funds portfolio, some of which may be considered to be emerging market countries. At times, the Fund may have a significant amount of its assets invested in a country or geographic region. The Fund may invest in securities denominated in U.S. Dollars and the currencies of the foreign countries in which it may invest.
The Fund typically has full currency exposure to those markets in which it invests. 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 may invest: up to 20% of net assets in debt securities; up to 10% of net assets in private funds that invest in private equity and in venture-capital companies; up to 35% of net assets in emerging markets securities; and without limit in foreign securities. In carrying out the Funds investment strategies, the Adviser employs a fundamental, bottom-up equity investment process, which is based on first-hand research and disciplined company evaluation. Stocks are identified for their long-term, fundamental value based on quality and price. ESG (Environmental, Social and Governance) analysis is fully integrated into investment decisions for all equity holdings.
As such, the Adviser evaluates ESG factors as part of the investment analysis process and this forms an integral component of the Advisers quality rating for all companies.
AGISX Holdings
Top 10 holdings of Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Gaztransport Et Technigaz SA | 4.82% |
| Japan Elevator Service Holdings Co Ltd | 4.70% |
| CTS Eventim AG & Co KGaA | 4.53% |
| iShares MSCI India Small-Cap ETF | 4.41% |
| Dino Polska SA | 4.11% |
| Diploma PLC | 3.86% |
| Asics Corp | 3.58% |
| BayCurrent Inc | 3.29% |
| Alpha Group International PLC | 3.23% |
| Games Workshop Group PLC | 3.17% |
AGISX Portfolio Allocation
Asset-class allocation of Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.3% |
| Cash & Equivalents | 3.5% |
AGISX Costs and Fees
AGISX costs about $123 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.23%
- Gross expense ratio: 1.54%
- Portfolio turnover: 32%
- Brokerage commissions: 4.85 bps of average net assets (SEC N-CEN)
AGISX Cashflows
Over the 12 months to 2025-07, Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) had net outflows of $27.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$3.80M |
| 2025-06 | −$2.80M |
| 2025-05 | −$1.49M |
| 2025-04 | −$3.12M |
| 2025-03 | −$191.99K |
| 2025-02 | −$1.75M |
AGISX Debt Constituents
No individual debt constituents are reported in Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund)'s latest SEC N-PORT filing.
AGISX Prospectus and SEC Filings
Official Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-29
- Prospectus supplement (497) — filed 2024-03-05
- Portfolio holdings (N-PORT) — filed 2025-09-25
- Portfolio holdings (N-PORT) — filed 2025-06-13
- Portfolio holdings (N-PORT) — filed 2025-04-01
- Annual census (N-CEN) — filed 2025-01-13
- Annual census (N-CEN) — filed 2024-01-16
Related Funds
Other Developed ex-US Multi-Cap / All-Cap Blend / Core 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.