abrdn Emerging Markets Equity Inc:AEF

    Manage Alerts

    Overview

    As of 6/21/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$5.24$6.11-14.32%
    52 Wk Avg$5.02$5.89-14.80%
    52 Wk High$5.52$6.36-12.98%
    52 Wk Low$4.40$5.31-17.55%
    Regular Distribution TypeManaged Distribution
    Distribution Rate7.64%
    Distribution Amount$0.1000
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to provide both current income and long-term capital appreciation. The Fund invests at least 80% of its net assets in emerging markets equity securities. Emerging market countries for purposes of this policy include every nation in the world except the US, Canada, Japan, Australia, New Zealand, Hong Kong, Israel and Singapore and countries represented in the MSCI Europe Index; The Fund may invest up to 30% of its total assets in private placements of equity securities.

    Capital Structure

    As of 6/21/2024

    Total Investment Exposure:$345.093M
    Total Common Assets:$310.093M
    Common Shares Outstanding:50,751,779
    Leverage

    As of 6/21/2024

    Preferred Share Assets:
    Total Debt (USD): $35.000M
    Regulatory Leverage (USD): $35.000M
    Effective Leverage (USD): $35.000M
    Effective Leverage (%): 10.14%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management Fees0.89%
    Other Expenses:0.31%
    Baseline Expense: N/A
    Interest Expense:0.95%
    Total: 2.14%
    Fund Management

    Fund Sponsor
    abrdn Inc.

    Portfolio Managers
    Devan Kaloo, Flavia Cheong, Hugh Young, Joanne Irvine

    Basics
    Category: Equity-Emerging Market Equity
    Ticker: AEF
    NAV Ticker: XAEFX
    Average Daily Volume (shares): 80,696
    Average Daily Volume (USD): $0.403M
    Inception Date: 9/25/1989
    Inception Share Price: $15.00
    Inception NAV: $6.88
    Tender Offer: Yes
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 6/21/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2023
    -$0.0006
    Annualized Distribution Rate on NAV:
    As of 6/21/2024
    6.55%
    Total Return on NAV (12 months):
    As of 6/21/2024
    10.09%
    Total % Portfolio Effectively Leveraged:
    As of 6/21/2024
    10.14%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/21/2024

    PeriodAvg Discount
    6 Month-14.78%
    1 Year-14.80%
    3 Year-12.58%
    5 Year-12.83%
    Z-Score

    As of 6/21/2024

    PeriodZStat
    3 Month0.76
    6 Month0.73
    1 Year0.53
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2024
    Category: Morningstar US CEF Emerging Market Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.40%2.36%1.34%2.96%
    20237.11%10.14%19.95%25.31%
    2022-29.67%-28.80%-25.94%-26.17%
    20213.38%-2.15%4.41%3.53%
    202011.61%12.58%2.35%5.14%
    201922.81%19.94%22.09%17.32%
    2018-16.14%-12.63%-7.13%-9.79%
    201753.73%39.74%30.90%25.77%
    201614.48%18.58%9.58%10.08%
    2015-16.83%-14.35%-19.15%-17.72%
    2014-21.32%-11.08%-12.67%-10.86%
    2013-21.97%-22.34%-2.93%-4.67%
    201210.83%15.08%28.26%25.79%
    2011-23.35%-22.18%  
    201048.83%37.45%  
    200994.68%81.43%  
    2008-51.32%-36.64%  
    200745.97%22.68%  
    20062.36%30.68%  
    200560.36%18.01%  
    200416.35%24.64%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2024
    Category: Morningstar US CEF Emerging Market Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 5/31/2024
    81
    Annual Portfolio Turnover:
    As of 12/31/2023
    25.00%
    Asset Allocation

    As of 5/31/2024

    Top Sectors

    As of 5/31/2024

    Sector%Portfolio
    Sensitive (Super Sector)53.86%
    Cyclical (Super Sector)35.21%
    Technology32.07%
    Financial Services15.94%
    Consumer Cyclical11.49%
    Industrials10.74%
    Defensive (Super Sector)9.85%
    Communication Services9.62%
    Basic Materials5.03%
    Consumer Defensive4.23%
    Top Holdings

    As of 5/31/2024

    HoldingValue% Portfolio
    Taiwan Semiconductor Manufacturing Co Ltd$38.05M11.29%
    Tencent Holdings Ltd$20.39M6.05%
    Samsung Electronics Co Ltd Participating Preferred$20.37M6.04%
    Alibaba Group Holding Ltd Ordinary Shares$11.58M3.43%
    FPT Corp$8.26M2.45%
    Power Grid Corp Of India Ltd$8.12M2.41%
    Southern Copper Corp$7.61M2.26%
    HDFC Bank Ltd$7.06M2.09%
    MediaTek Inc$6.89M2.04%
    Kweichow Moutai Co Ltd Class A$5.48M1.63%
    Country Allocation

    As of 5/31/2024

    Country% Portfolio
    China - Equity25.36%
    India - Equity18.66%
    Taiwan - Equity16.76%
    South Korea - Equity10.17%
    Others - Equity4.97%
    Mexico - Equity4.73%
    Brazil - Equity4.60%
    United States - Equity2.80%
    Indonesia - Equity2.47%
    Vietnam - Equity2.45%
    Netherlands - Equity2.30%
    Poland - Equity1.18%
    Hong Kong - Equity1.17%
    South Africa - Equity0.83%
    Peru - Equity0.48%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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