abrdn Global Absolute Return Strategies Fund (CGFIX)
The adviser employs an "absolute return" investment approach. This means that in pursuing the fund's investment objective, the fund benchmarks itself to an index of cash instruments, rather than a stock or bond market index, and seeks to achieve positive long term returns irrespective of broad movements in the bond and equity markets.
Fund Info
| ISIN | US0030217220 |
|---|---|
| CUSIP | 003021722 |
| Issuer | Aberdeen |
| Inception Date | Oct 31, 1990 |
| Category | Macro Trading |
| Min. Investment | $1,000,000 |
| Asset Class | Multi-Asset |
Expense Ratio
The abrdn Global Absolute Return Strategies Fund has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CGFIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in abrdn Global Absolute Return Strategies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
abrdn Global Absolute Return Strategies Fund had a return of -0.55% year-to-date (YTD) and 6.12% in the last 12 months. Over the past 10 years, abrdn Global Absolute Return Strategies Fund had an annualized return of 0.56%, while the S&P 500 had an annualized return of 10.55%, indicating that abrdn Global Absolute Return Strategies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.55% | 6.33% |
| 1 month | -1.05% | -2.81% |
| 6 months | 8.58% | 21.13% |
| 1 year | 6.12% | 24.56% |
| 5 years (annualized) | 0.11% | 11.55% |
| 10 years (annualized) | 0.56% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.13% | -0.50% | 1.23% | |||||||||
| 2023 | 3.92% | -1.51% | 4.45% | 3.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
abrdn Global Absolute Return Strategies Fund(CGFIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for abrdn Global Absolute Return Strategies Fund (CGFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
abrdn Global Absolute Return Strategies Fund granted a 9.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.67 | $0.00 | $0.38 | $0.03 | $0.33 | $0.59 | $0.03 | $0.11 | $0.03 | $0.23 | $0.15 |
Dividend yield | 9.39% | 7.67% | 0.00% | 3.80% | 0.23% | 3.29% | 6.05% | 0.33% | 1.12% | 0.35% | 2.33% | 1.44% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn Global Absolute Return Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.05 | $0.05 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.05 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.20 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 |
| 2013 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the abrdn Global Absolute Return Strategies Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the abrdn Global Absolute Return Strategies Fund was 20.44%, occurring on Sep 21, 2023. The portfolio has not yet recovered.
The current abrdn Global Absolute Return Strategies Fund drawdown is 10.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.44% | Jan 22, 2021 | 671 | Sep 21, 2023 | — | — | — |
| -13.7% | Mar 18, 2008 | 156 | Oct 28, 2008 | 190 | Jul 31, 2009 | 346 |
| -11.89% | Jul 2, 2014 | 343 | Nov 9, 2015 | 559 | Jan 30, 2018 | 902 |
| -7.98% | Feb 2, 1994 | 287 | Mar 9, 1995 | 75 | Jun 22, 1995 | 362 |
| -7.22% | Dec 5, 2012 | 146 | Jul 5, 2013 | 193 | Apr 10, 2014 | 339 |
Volatility
Volatility Chart
The current abrdn Global Absolute Return Strategies Fund volatility is 1.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.