APJCX — Aberdeen Asia Pacific (ex-Japan) Equity Fund
Data updated: 2021-03-30
APJCX — Aberdeen Asia Pacific (ex-Japan) Equity Fund. China Blend / Core Equity · $7.56M AUM. Holdings, fees, performance and SEC filings.
APJCX Fund Overview
APJCX — Aberdeen Asia Pacific (ex-Japan) Equity Fund is a US mutual fund managed by abrdn Funds, categorised as China 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: China Blend / Core Equity
- Assets under management: $7.56M
- Ticker: APJCX
- SEC CIK: 0001413594
- SEC series ID: S000026901
- Share class ID: C000111356
APJCX Investment Objective and Strategy
Aberdeen Asia Pacific (ex-Japan) Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by abrdn Funds.
Investment objective
The Aberdeen Asia-Pacific (ex-Japan) Equity Fund (the Asia-Pacific Equity Fund or the Fund) seeks long-term capital appreciation.
Principal investment strategy
As a non-fundamental policy, under normal circumstances, the Asia-Pacific Equity Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of Asia-Pacific (ex-Japan) companies. The Asia-Pacific Region (excluding Japan) includes Vietnam, Sri Lanka, Bangladesh, Pakistan, South Korea, Taiwan, Hong Kong, Malaysia, Singapore, China, Thailand, Indonesia, Australia, New Zealand, Philippines and India. A company is generally considered to be an Asia-Pacific (ex-Japan) 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 office in a country in the Asia-Pacific Region (excluding Japan); has its principal securities trading market in a country in the Asia-Pacific Region (excluding Japan); and/or derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country in the Asia-Pacific Region (excluding Japan).
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 Asia-Pacific Equity Fund. The portion of the Funds assets not invested in equity securities of Asia-Pacific (ex-Japan) companies may be, but is not required to be, invested in equity securities of companies that the Adviser and Subadviser expect will reflect developments in the Asia-Pacific (ex-Japan) Region. The Fund intends to invest in a number of different countries. However, at times the Fund may invest a significant part of its assets in a single country. The Fund may invest without limit in emerging market countries. 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. In addition, the Fund may invest in equity securities without regard to market capitalization. The Fund invests primarily in common stock, but may also invest in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. 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. 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.
APJCX Costs and Fees
APJCX costs about $226 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.26%
- Gross expense ratio: 3.89%
- Portfolio turnover: 16%
- Brokerage commissions: 4.43 bps of average net assets (SEC N-CEN)
APJCX Cashflows
Over the 12 months to 2021-01, Aberdeen Asia Pacific (ex-Japan) Equity Fund had net outflows of $844.15K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | $52.79K |
| 2020-12 | −$3.68K |
| 2020-11 | $22.03K |
| 2020-10 | −$33.84K |
| 2020-09 | −$78.62K |
| 2020-08 | $56.50K |
APJCX Debt Constituents
No individual debt constituents are reported in Aberdeen Asia Pacific (ex-Japan) Equity Fund's latest SEC N-PORT filing.
APJCX Prospectus and SEC Filings
Official Aberdeen Asia Pacific (ex-Japan) Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-21
- Prospectus (485BPOS) — filed 2018-03-21
- Portfolio holdings (N-PORT) — filed 2021-03-30
- Portfolio holdings (N-PORT) — filed 2020-12-21
- Portfolio holdings (N-PORT) — filed 2020-09-24
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-13
Related Funds
Other China 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.