Part of our Foundation Fundlist ABRDN EQUITY INCOME TRUST PLC ORD GBP0.25

Symbol: AEI

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 9th Aug 2017 to 9th Aug 20188.60%
  • 9th Aug 2018 to 9th Aug 2019-20.12%
  • 9th Aug 2019 to 9th Aug 2020-22.13%
  • 9th Aug 2020 to 9th Aug 202141.82%
  • 9th Aug 2021 to 9th Aug 2022-2.21%

Key Information

Benchmark FTSE All Share
Sector IT UK Equity Income
Gearing 113%
Ex-Dividend Date 26 May 2022
Dividend Pay Date 17 Jun 2022
Total Dividends - Year to Date20.6
Dividend Yield (%)6.233

Net Asset Value (Nav)

Latest actual NAV 357.45
Latest actual NAV date 5/08/2022
NAV frequency Daily
Premium/Discount -8.88%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.3457%
Performance Fee No
AMC 0.65%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.3457%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

abrdn Equity Income Trust plc, formerly Aberdeen Standard Equity Income Trust plc, is a United Kingdom-based closed-end investment company. The Company's investment objective is to provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities, which will normally comprise between 50 and 70 individual equity holdings. The Company's portfolio includes financials, consumer discretionary, basic materials, industrials, consumer discretionary, consumer staples, real estate, telecommunications, health care, and consumer staples. The Company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds. Aberdeen Standard Fund Managers Limited is the investment manager of the Company.

Financial Summary

BRIEF: For the six months ended 31 March 2022, abrdn Equity Income Trust PLC revenues decreased 87% to £5.5M. Net income decreased 89% to £4.5M. Revenues reflect Net gains/ (losses) on investments at fa decrease of 98% to £815K, Special dividends decrease from £93K to £0K, Other Revenue decrease from £2K to £0K. Net income also reflects Administrative expenses increase of 8% to £209K (expense). Dividend per share increased from £0.10 to £0.11.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      1.07% -7.11% -8.16% -2.21% 8.00% -6.31%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      173,237 bytes PDF Document; last updated 30 Jun 2022
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      48,477 bytes PDF Document; last updated 01 Aug 2022
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      1,926,512 bytes PDF Document; last updated 30 Sep 2021
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      660,372 bytes PDF Document; last updated 31 Mar 2022

      Management Team

      Thomas Moore has managed this fund for 10 years and 8 months.

      Thomas Moore Thomas is an Investment Director within the UK equities team. He began his career in 1998, joining Schroder Investment Management as Assistant Fund Manager, UK Equities. He joined Standard Life Investments in 2002 as an Investment Analyst. He then managed EMEA portfolios before moving to the UK equities team in 2006. His responsibilities include managing the UK Equity Income Unconstrained Fund, an institutional fund, the Standard Life UK Equity Income Trust and analysing the banks and financial services sectors. Thomas began managing the Standard Life Equity Income Trust in November 2011.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      30/09/2021

      30/09/2020

      30/09/2019

      30/09/2018

      30/09/2017

      30/09/2016

      Total Revenue 56.72 -48.02 -23.56 15.11 33.42 4.44
      Gross profit 55.22 -49.53 -25.69 12.99 31.51 2.61
      Operating Profit/Loss 54.84 -50.00 -26.11 12.63 31.18 2.15
      Profit Before Tax 54.84 -50.00 -26.11 12.63 31.18 2.15
      Profit After Tax 54.72 -50.19 -26.15 12.58 31.14 2.12
      Equity Holders of Parent Company 54.72 -50.19 -26.15 12.58 31.14 2.12
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      30/09/2021

      30/09/2020

      30/09/2019

      30/09/2018

      30/09/2017

      30/09/2016

      Total Non-Current Assets 207.42 157.80 229.28 266.74 261.92 214.02
      Total Current Assets 4.78 1.70 6.06 3.27 4.91 12.30
      Total Assets 212.19 159.50 235.34 270.01 266.83 226.32
      Total Liabilities 29.26 20.31 33.87 31.56 29.56 26.59
      Total Net Assets 182.93 139.20 201.47 238.45 237.27 199.73
      Shareholders Funds 182.93 139.20 201.47 238.45 237.27 199.73
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 182.93 139.20 201.47 238.45 237.27 199.73

      Investment involves risk. You may get back less than invested.