Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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LU0049014870
Aberdeen Standard Liquidity Fund USD

  • Cash management
  • Global
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
1
About this fund
Description
The Fund's objective is to preserve capital and provide liquidity whilst aiming to provide a return in line with prevailing short term money market rates for which SOFR has been chosen as a performance comparator.
Key information
Annual report
Key fact sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Offers a conservatively managed portfolio of high-quality money market and ultra short-duration fixed income securities issued by both government and non-government/corporate issuers from around the world. Focus on capital preservation and liquidity, with yield generation being the second objective. One of the oldest and largest LVNAV USD money market products for retail investors in Hong Kong, incepted in 1983.
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people
People
Highly experienced liquidity team, with the Lead PM (Ben Goodsell) having 20 years of experience. Supported by abrdn's broad fixed income team, supplying credit analysis and research for the PM to leverage upon when choosing the securities to invest in. Abrdn's fixed income team consists of more than 100 professionals across various asset classes in the US, UK, and Asia. abrdn has been managing liquidity for more than 40 years.
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performance
Performance
Even with conservative practices, the Fund has demonstrated the ability to generate decent levels of yield and total return since inception. However, note that yield/total return may remain at 0% during low-rate environments, consistent with the conservative investment mandate. Being an LVNAV fund means that the NAV of the fund is valued using amortised cost method in most market environments, and this has helped the fund demonstrate stable performance over time. Drawdowns have been rare and minimal.
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process
Process
Conservatively managed portfolio with focus on capital preservation and liquidity - daily and weekly liquidity buffers tend to be managed well above the regulatory limit. Dynamically managed to optimise risk-return across the rates cycle. Weighted Average Maturity ("WAM") is kept consistently below the regulatory limit of 60 days, with the flexibility to allocate into securities with longer maturities (and higher yields) during periods of low yield to provide additional yield pick-up. Combines the macroeconomic insights provided by the rates team and the bottom-up security analysis provided by the broader credit team.
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cost
Cost
Retail share class with 100% trailer fees rebated back to Endowus investors to achieve the lowest cost of access. In periods of low-yield environments, management fee may be waived.
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selectionCriteria
How it fits in a portfolio
The Fund aims to provide capital preservation and liquidity for investors looking for short-term liquidity management for cash (USD) that they will need in the very near future, in addition to the potential to earn yield. Note that capital preservation is the utmost objective of the Fund, but is not guaranteed.
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
32.20%
YTD
2.75%
1 month
0.36%
6 month
2.05%
1 year
4.32%
3 year
14.51%
5 year
15.06%
10 year
22.67%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
4.28%As of Jul 2025
Risk metrics
Max drawdown
-0.01%As of Aug 2025
Volatility
0.51%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-0.4%0.3%0.3%0.3%0.4%0.3%0.3%0.4%----
20245.1%0.4%0.4%0.4%0.4%0.5%0.4%0.4%0.5%0.4%0.4%0.4%0.4%
20234.9%0.3%0.3%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.5%
20221.5%0.0%-0.0%0.0%0.0%0.1%0.1%0.1%0.2%0.2%0.2%0.3%0.4%
20210.0%0.0%0.0%0.0%0.0%0.0%-0.0%0.0%0.0%0.0%-0.0%-0.0%0.0%
Load more5 of 20
Top Exposures
Repos. deposit 1 203,174,592.39 USD DBS Bank Ltd 4.35% 01/08/2025 (2025-08-01 Maturity)6.22%
DDCA (DAIS)5.65%
Term deposit 180,533,056.44 USD Bred Banque Populaire (Paris) 4.33% 01/08/2 (2025-08-01 Maturity)5.53%
Repos. deposit 1 154,484,205.16 USD DBS Bank Ltd 4.35% 04/08/2025 (2025-08-04 Maturity)4.73%
Increase of call deposit 4 86279000 Custodian 5.4%2.90%
Term deposit 82,887,246.87 USD MIZUHO BANK (LONDON) 4.32% 01/08/2025 (2025-08-01 Maturity)2.54%
Sumitomo Mitsui Trust Bank Ltd. 0.0447% (2025-10-02 Maturity)1.54%
Term deposit 50,293,042.65 USD ROYAL BANK OF CANADA 4.29% 01/08/2025 (2025-08-01 Maturity)1.54%
Zurich Finance (Ireland) DAC 0% (2025-09-23 Maturity)1.52%
Allianz SE 0% (2025-10-16 Maturity)1.49%
Repos. deposit 1 45,904,178.40 USD DBS Bank Ltd 4.35% 04/08/2025 (2025-08-04 Maturity)1.41%
Matchpoint Finance PLC 0% (2025-09-05 Maturity)1.37%
Allianz SE 0% (2025-10-27 Maturity)1.36%
Mizuho Bank, Ltd. Sydney Branch 0% (2025-10-10 Maturity)1.32%
Mizuho Bank, Ltd. Sydney Branch 0% (2025-09-15 Maturity)1.31%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
0.43%0.23% p.a.
Save 46%
Fund facts
ISIN
LU0049014870
Fund house
abrdn
Fund size
US$3.7B
As of 08 Sep 2025
Fund inception date
17 Sep 1984
Fund class currency
USD
Fund share class
A2 USD Acc
Oldest share inception date
17 Sep 1984
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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