Aberdeen Global Dynamic Dividend Fund Announces Performance Data And Portfolio Composition
PHILADELPHIA, July 30, 2018 /PRNewswire/ -- Aberdeen Global Dynamic Dividend Fund1 (the "Fund") (NYSE: AGD), a closed-end equity fund, announced today its performance data and portfolio composition as of June 30, 2018.
The Fund's total returns for various periods through June 30, 2018 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price, and are stated net-of-fees):
| Cumulative as of 06/30/18 (%) |
Annualized as of 06/30/18 (%) |
|||||||
| 1 Month |
3 Month |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
Since Inception |
|
| NAV |
-0.9 |
0.3 |
-0.8 |
9.6 |
8.1 |
10.6 |
1.8 |
1.7 |
| Market Price |
-2.2 |
-0.6 |
-1.6 |
7.8 |
9.8 |
10.6 |
0.7 |
0.4 |
| MSCI AC World Index |
-0.5 |
0.7 |
-0.1 |
11.3 |
8.8 |
10.0 |
6.4 |
6.6 |
As of June 30, 2018, the Fund's net assets amounted to US$142.2 million with a net asset value per share of common stock of US$11.33.
| 1As of May 7, 2018, the Fund name changed from the Alpine Global Dynamic Dividend Fund. |
As of June 30, 2018, the portfolio was invested as follows:
| Portfolio Composition |
Percent of |
| Financials |
17.3 |
| Information Technology |
13.1 |
| Industrials |
12.3 |
| Consumer Discretionary |
11.8 |
| Health Care |
11.6 |
| Energy |
7.8 |
| Materials |
6.0 |
| Consumer Staples |
5.4 |
| Utilities |
4.6 |
| Real Estate |
3.9 |
| Telecommunications |
2.9 |
| Cash |
3.3 |
| Country |
Geographic Exposure % |
| United States |
59.7 |
| United Kingdom |
7.3 |
| France |
5.2 |
| Japan |
3.8 |
| Switzerland |
2.9 |
| Germany |
2.8 |
| Finland |
2.6 |
| Italy |
2.5 |
| Sweden |
2.3 |
| Spain |
2.2 |
| Canada |
2.0 |
| Brazil |
1.9 |
| China |
1.8 |
| South Korea |
1.3 |
| Portugal |
0.8 |
| Australia |
0.6 |
| Mexico |
0.3 |
The Fund's ten largest equity holdings as of June 30, 2018, representing 14.2% of total assets, were:
| Holding |
Percent of |
| Apple |
2.0 |
| Dr. Pepper Snapple Group |
1.6 |
| Intel Corp. |
1.6 |
| Vodafone Group |
1.5 |
| Delta Air Lines |
1.4 |
| Novartis |
1.3 |
| TJX |
1.3 |
| Ferrovial |
1.2 |
| Nextera Energy Inc. |
1.2 |
| Altice SA |
1.2 |
| TOTAL |
14.2 |
Important Information
Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. All reasonable care has been taken to ensure accuracy. However, the figures are unaudited and neither the Fund, the Investment Manager, nor any other person guarantees their accuracy. Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information.The Investment Manager is a subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").
Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen Asset Management Ltd., Aberdeen Asset Management Asia Ltd., Aberdeen Asset Capital Management, LLC, Standard Life Investments (Corporate Funds) Ltd., and Standard Life Investments (USA) Ltd.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.
Past performance is no guarantee of future results. Investment returns and principle value will fluctuate and shares, when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Director and legal fees) and assumes the reinvestment of all distributions. Returns for periods less than one year are not annualized. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date July 26, 2006.
If you wish to receive this information electronically, please contact [email protected]
SOURCE Aberdeen Global Dynamic Dividend Fund
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