AKFCX — Aberdeen Emerging Markets Debt Fund
Data updated: 2023-03-31
AKFCX — Aberdeen Emerging Markets Debt Fund. Alternative · $3.41M AUM · 1.65% expense ratio · -13.5% 1-yr return. Holdings, fees, performance and SEC filings.
AKFCX Fund Overview
AKFCX — Aberdeen Emerging Markets Debt Fund is a US mutual fund managed by abrdn Funds, categorised as Alternative. 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: Alternative
- Assets under management: $3.41M
- 1-year return: -13.5%
- Ticker: AKFCX
- SEC CIK: 0001413594
- SEC series ID: S000038161
- Share class ID: C000117692
AKFCX Investment Objective and Strategy
Aberdeen Emerging Markets Debt Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by abrdn Funds.
Investment objective
The Aberdeen Emerging Markets Debt Fund (the Emerging Markets Debt Fund or the Fund) seeks long-term total return.
Principal investment strategy
As a non-fundamental policy, under normal circumstances, the Emerging Markets Debt Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in emerging market debt securities. An emerging market country is any country determined by the Adviser or Subadviser to have an emerging market economy, considering factors such as the countrys credit rating, its political and economic stability and the development of its financial and capital markets. Emerging market countries include every nation in the world except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western Europe. Emerging market debt securities include securities issued by: (a) government-related bodies of emerging market countries and/or (b) a corporation that Fund management has determined meets one or more of the following criteria: the company is organized under the laws of, or has its principal office in an emerging market country; has its principal securities trading market in an emerging market country; and/or derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in an emerging market country.
Debt securities, for purposes of the 80% policy, include but are not limited to conventional and index-linked bonds, debt-related interest rate swaps, conventional bonds, inflation-linked sovereign and quasi-sovereign bonds and debt-related private placements including securities issued under Rule 144A or Regulation S (Regulation S Securities). The Fund may invest in both investment-grade and high yield securities (commonly referred to as junk bonds). The Fund may invest in securities of any maturity. If the 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 Emerging Markets Debt Fund. The Emerging Markets Debt Fund is non-diversified and may invest a significant portion of its assets in the securities of a single issuer or a small number of issuers.
The Adviser will seek to identify those instruments that are likely to provide the greatest outperformance, taking account of forward-looking risks. It will assess both the risk-return profile of an individual investment, as well as the risk-return impact of its incremental addition to the Fund as a whole, and then construct a risk-controlled portfolio of instruments. The Adviser examines the material risks of an investment across a spectrum of considerations including financial metrics, regional and national conditions, industry specific factors and ESG (Environmental, Social and Governance) risks. ESG considerations are fully integrated across all asset classes. The Adviser assesses how these issues are managed and mitigated as well as the opportunities they might create for the issuer. The Fund may invest in derivative instruments.
Derivative instruments may be used for hedging purposes and for gaining risk exposures to countries, currencies and securities that are permitted investments for the Fund. The Fund may use derivative instruments as a substitute for purchasing or selling securities or for non-hedging purposes to seek to enhance potential gains. Permitted derivative instruments include, but are not limited to, fixed income futures, non-deliverable forwards and swaps (including, but not limited to, credit default, credit derivative, interest rate, currency and inflation swaps). Derivative instruments may be used to adjust the interest rate, yield curve, currency, credit and spread risk exposure of the Fund, or for other purposes deemed necessary by the Adviser and/or Subadviser to pursue the Funds investment objective.
Credit derivatives may be used to adjust the Funds exposure to the emerging market debt sector and/or sell/buy protection on the credit risk of individual issuers or a basket of individual issuers. The Fund may take short positions via derivatives in securities, interest rates, credits, currencies and markets. In complying with the minimum and maximum investment limitations set forth above, the Fund may include investments in derivatives with an underlying asset with economic characteristics similar to the investments included in such limitation. For additional information regarding derivatives, see Fund Details: Additional Information about Investments, Investment Techniques and Risks in the prospectus.
AKFCX Holdings
Top 3 holdings of Aberdeen Emerging Markets Debt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Global Advisors | 94.96% |
| Barclays Bank PLC | 2.79% |
| Morgan Stanley & Co. International PLC | 0.67% |
AKFCX Portfolio Allocation
Asset-class allocation of Aberdeen Emerging Markets Debt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 95.0% |
| Derivatives | 1.2% |
AKFCX Performance
Total returns for AKFCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -13.5% |
| 3 years (annualised) | -6.5% |
AKFCX Risk Information
Risk metrics for AKFCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.1%
AKFCX Costs and Fees
AKFCX costs about $165 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.65%
- Gross expense ratio: 2.25%
- Portfolio turnover: 72%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AKFCX Cashflows
Over the 12 months to 2023-01, Aberdeen Emerging Markets Debt Fund had net outflows of $25.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-01 | −$24.25M |
| 2022-12 | $1.37M |
| 2022-11 | −$59.91K |
| 2022-10 | −$30.46K |
| 2022-09 | −$1.27M |
| 2022-08 | $68.86K |
AKFCX Debt Constituents
No individual debt constituents are reported in Aberdeen Emerging Markets Debt Fund's latest SEC N-PORT filing.
AKFCX Prospectus and SEC Filings
Official Aberdeen Emerging Markets Debt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-19
- Portfolio holdings (N-PORT) — filed 2023-03-31
- Portfolio holdings (N-PORT) — filed 2022-12-29
- Portfolio holdings (N-PORT) — filed 2022-09-28
- Annual census (N-CEN) — filed 2023-01-13
- Annual census (N-CEN) — filed 2022-01-14
Related Funds
Other Alternative 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.