Fund Evaluator:
abrdn EM SMA Completion (ASEMX)
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Fund Details
abrdn EM SMA Completion Overview
abrdn EM SMA Completion (ASEMX) is an actively managed International Equity Diversified Emerging Mkts fund. Aberdeen launched the fund in 2023.
The investment seeks long-term capital appreciation. The fund will invest primarily in common stocks, but may also invest in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies. The fund is non-diversified.
About abrdn EM SMA Completion (ASEMX)
There are 3 members of the management team with an average tenure of 3.48 years: Devan Kaloo (2023), Nick Robinson (2023), Gabriel Sacks (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. abrdn EM SMA Completion has 40 securities in its portfolio. The top 10 holdings constitute 56.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
abrdn EM SMA Completion is part of the Equity global asset class and is within the International Equity fund group. abrdn EM SMA Completion has 103.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 103.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). abrdn EM SMA Completion has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $992 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ASEMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The abrdn EM SMA Completion expense ratio is low compared to funds in the Diversified Emerging Mkts category. abrdn EM SMA Completion has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. abrdn EM SMA Completion has a portfolio turnover rate of 44%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of August 2026, abrdn EM SMA Completion returned 4.2%, which earned it a grade of B, as the Diversified Emerging Mkts category had an average return of 3.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
abrdn EM SMA Completion has a trailing yield of 0.99%, which is below the 1.65% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
abrdn EM SMA Completion Grades
Year to date, the fund has returned 46.8%, 23.1 percentage points better than the category, which translates into a grade of A. The fund has returned 76.5% over the past year (grade of A) and 29.0% over the past three years (grade of A).
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ASEMX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ASEMX Return (NAV) | 4.2% | -2.3% | 76.5% | 29.0% | na | na |
| ASEMX Grade | B | D | A | A | na | na |
| +/- Category | 0.3% | -1.2% | 39.0% | 7.3% | na | na |
| Diversified Emerging Mkts Avg | 3.9% | -1.2% | 37.5% | 21.7% | 6.8% | 8.9% |
| ASEMX Tax Cost Ratio | na | na | 0.6% | 0.4% | na | na |
ASEMX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ASEMX Return (NAV) | 46.8% | 50.4% | -9.6% | na | na | na | na | na | na | na | na |
| ASEMX Grade | A | A | F | na | na | na | na | na | na | na | na |
| +/- Category | 23.1% | 19.0% | -15.8% | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 23.7% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.7% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 23.3% |
| Total Risk Index: | 1.91 - High |
| Category Risk Index: | 1.43 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 1.46 |
| R-Squared: | 70% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 44% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.6 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Kaloo Devan (2023), Sacks Gabriel (2023), Robinson Nick (2023) | |||
Portfolio Composition (as of 1/31/26)
| # of Holdings: | 40 |
| % in Top 10 Holdings: | 56.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 103.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 103.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -4.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | Aberdeen |
| Phone Number: | 866-667-9231 |
| Website: | www.aberdeen-asset.us |
| Status: | Open |
| Inception Date: | January 30, 2023 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | abrdn EM SMA Completion |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
