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15 important things you should know about Aberdeen MLSAX mutual fund

Updated: September 28, 2020
14
Bull Case
  • 3-year return above the benchmark
Bear Case
  • Low net assets
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for MLSAX “stock” price, you can quickly find it out by visiting Finny and typing "MLSAX quote". If you’re looking for a quick scoop on MLSAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MLSAX". You’ll get all this info in one place.

Are you looking to buy or sell MLSAX? Or perhaps you’re looking for MLSAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this MLSAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: MLSAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: MLSAX buy or sell; the pros and cons of investing in MLSAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to MLSAX.

And here is the list of questions we’ll answer:

  1. Describe Aberdeen Funds: Aberdeen Equity Long-Short Fund; Class A Shares (MLSAX).
  2. What are MLSAX holdings?
  3. What is MLSAX performance? What are MLSAX historical returns?
  4. How many up and down years did MLSAX have historically?
  5. What is MLSAX dividend yield?
  6. What is MLSAX minimum initial investment amount?
  7. What is MLSAX expense ratio?
  8. Does MLSAX have any sales loads or 12b-1 distribution expenses?
  9. What is MLSAX tax efficiency (tax-cost ratio)?
  10. What is MLSAX beta? How would you assess MLSAX risk?
  11. What is MLSAX Sharpe ratio?
  12. What is MLSAX Finny Score? MLSAX buy or sell?
  13. What are the pros of investing in MLSAX? What are MLSAX buy reasons?
  14. What are the cons of investing in MLSAX? What are MLSAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Aberdeen Funds: Aberdeen Equity Long-Short Fund; Class A Shares (MLSAX).

The Fund seeks long-term capital appreciation and a total return greater than that of the S&P 500 Index, by investing primarily in swaps on the Index and taking long and short positions in the equity securities of publicly-traded U.S. companies.

2. What are MLSAX top holdings?

MLSAX has 24 stock holdings and 0 bond holdings.

The top 10 holdings represent 52.36% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 8.83%
Amazon.com Inc AMZN 7.19%
Alphabet Inc A GOOGL 5.42%
Visa Inc Class A V 5.07%
Adobe Inc ADBE 4.57%
Air Products & Chemicals Inc APD 4.54%
Fidelity National Information Services Inc FIS 4.54%
NextEra Energy Inc NEE 4.34%
Equinix Inc EQIX 3.95%
NICE Ltd ADR NICE 3.91%

3. What is MLSAX performance? What are MLSAX historical returns?

MLSAX has generated the following returns:

  • 1-month return is -2.74%;
  • 3-month return is 7.08%;
  • 1-year return is 16.29%;
  • 3-year return is 13.97%;
  • 5-year return is 9.98%;
  • 10-year return is 6.07%;
  • 15-year return is 5.24%.

4. How many up and down years did MLSAX have historically?

In the last 10 years, MLSAX had 7 up years and 3 down years.

MLSAX up and down years

5. What is MLSAX dividend yield?

MLSAX yield is 0.04%.

6. What is MLSAX minimum initial investment amount?

MLSAX minimum initial investment amount is $3.00K.

7. What is MLSAX expense ratio?

MLSAX expense ratio is 1.25%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

MLSAX expenses

8. Does MLSAX have any sales loads or 12b-1 distribution expenses?

MLSAX 12b-1 distribution fee is 0.25. MLSAX front-end sales load is 5.75. MLSAX back-end sales load is 0.

9. What is MLSAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.5%;
  • 3-year ax cost ratio is 3.03%.
MLSAX tax costs

10. What is MLSAX beta? How would you assess MLSAX risk?

  • 3-year beta is 0.93;
  • 5-year beta is 0.83;
  • 10-year beta is 0.67.
MLSAX Beta

11. What is MLSAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.66;
  • 5-year Sharpe ratio is 0.56;
  • 10-year Sharpe ratio is 0.56.
MLSAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

13. What are the pros of investing in MLSAX? What are MLSAX buy reasons?

The following are MLSAX strengths from our perspective:

  • <strong>MLSAX 3-year return</strong> is 13.97%, which is higher than the 3-year return of the benchmark index (S&P 500 TR USD), 11.64%.

14. What are the cons of investing in MLSAX? What are MLSAX negatives?

The following are MLSAX weaknesses from our perspective:

  • <strong>MLSAX net assets</strong> are $9.00 million. This fund is not a popular choice with retail investors.
  • <strong>MLSAX 5-year return</strong> is 9.98%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 13.04%.
  • <strong>MLSAX 10-year return</strong> is 6.07%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 13.48%.
  • <strong>MLSAX 15-year return</strong> is 5.24%, which is lower than the 15-year return of the benchmark index (S&P 500 TR USD), 9.13%.
  • <strong>MLSAX expense ratio</strong> is 1.25%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.75%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the MLSAX review, we covered MLSAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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