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PRNewswire 24-May-2019 4:23 PM
PHILADELPHIA, May 24, 2019 /PRNewswire/ -- Aberdeen Total Dynamic Dividend Fund¹ (the "Fund") (NYSE:AOD), a closed-end equity fund, today provided updates on the Fund since the transition of management to Aberdeen Asset Managers Limited ("Aberdeen") on May 4, 2018, (the "transition date") including actions of the Board of Trustee in support of the Fund's discount, and performance data and portfolio composition as of April 30, 2019.
The Fund's total returns for various periods through April 30, 2019 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price, and are stated net-of-fees):
Cumulative as of 04/30/19 |
Annualized as of 04/30/19 (%) |
|||||||
1 |
3 |
YTD |
1 Year |
3 Years |
5 Years |
10 |
Since |
|
NAV |
3.4 |
4.8 |
13.8 |
3.5 |
10.8 |
7.7 |
8.5 |
0.9 |
Market Price |
4.0 |
6.3 |
21.4 |
2.7 |
12.9 |
8.6 |
6.6 |
-0.4 |
MSCI AC World Index |
3.4 |
7.6 |
16.2 |
5.6 |
12.0 |
7.5 |
11.7 |
5.7 |
As of April 30, 2019, the Fund's net assets amounted to US$1,008.9 million with a net asset value per share of common stock of US$9.57.
As of April 30, 2019, the portfolio was invested as follows:
Portfolio Composition |
Percent of |
Financials |
17.9 |
Information Technology |
13.4 |
Industrials |
12.7 |
Health Care |
10.6 |
Consumer Discretionary |
9.1 |
Consumer Staples |
8.6 |
Energy |
7.0 |
Materials |
6.0 |
Communication Services |
6.0 |
Real Estate |
4.7 |
Utilities |
4.2 |
Country |
Geographic Exposure % |
United States |
51.9 |
France |
7.2 |
United Kingdom |
6.8 |
Switzerland |
5.6 |
Germany |
3.6 |
Canada |
3.3 |
Spain |
3.2 |
Sweden |
3.1 |
Japan |
2.9 |
Finland |
2.8 |
South Korea |
2.4 |
Brazil |
1.3 |
Hong Kong |
1.3 |
Singapore |
1.3 |
Australia |
1.2 |
Netherlands |
1.0 |
Norway |
0.5 |
China |
0.4 |
Italy |
0.2 |
The Fund's ten largest equity holdings as of April 30, 2019, representing 15.3% of total assets, were:
Holding |
Percent of |
Apple |
2.3 |
AXA |
1.7 |
Bouygues |
1.7 |
Microsoft Corp. |
1.5 |
Intel Corp. |
1.4 |
TE Connectivity Ltd. |
1.4 |
Cisco Systems |
1.4 |
Bayer AG |
1.3 |
Alphabet Inc. |
1.3 |
American Tower Corp. |
1.3 |
Important Information
Aberdeen Standard Investments Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, its investment adviser, 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. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.
Aberdeen Standard Investments is a brand of the investment businesses of Standard Life Aberdeen plc, its affiliates and subsidiaries. In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Standard Life Investments (Corporate Funds) 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 January 27, 2007.
If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com
aberdeenaod.com
1As of May 7, 2018, the Fund name changed from the Alpine Total Dynamic Dividend Fund.
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SOURCE Aberdeen Total Dynamic Dividend Fund