Andrew Kim
About Andrew Kim
Andrew Kim is Vice President of abrdn World Healthcare Fund (THW) and other sister funds, with year of birth 1983 and tenure starting in 2025. His principal occupation is Senior Product Governance Manager, Product Governance US at abrdn Inc., which he joined in 2013 . Fund performance context during his officer tenure: for the six months ended March 31, 2025, THW delivered -6.98% NAV and -7.76% market price total return versus -4.96% for its blended benchmark; longer-term average annual returns are shown below . As of March 31, 2025, THW traded at a 3.04% premium to NAV (vs. 3.92% at September 30, 2024) .
THW Performance Summary (Average annual total return; oldest → newest)
| Metric | Since Inception | 5 Years | 3 Years | 1 Year | 6 Months |
|---|---|---|---|---|---|
| NAV Total Return | 4.92% | 8.51% | 1.98% | 0.21% | -6.98% |
| Market Price Total Return | 4.71% | 11.35% | 1.96% | -2.21% | -7.76% |
| Benchmark Total Return | 7.21% | 9.30% | 3.01% | 2.06% | -4.96% |
Premium/Discount vs NAV (oldest → newest)
| Date | NAV | Closing Market Price | Premium(+)/Discount(-) |
|---|---|---|---|
| 9/30/2024 | $12.77 | $13.27 | 3.92% |
| 3/31/2025 | $11.19 | $11.53 | 3.04% |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. | Senior Product Governance Manager, Product Governance US | 2013–present | Product governance for US registered investment companies |
| abrdn World Healthcare Fund (THW) | Vice President (Fund officer) | 2025–present | Officer responsibilities for THW and related funds |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No external directorships disclosed for Andrew Kim in the proxy’s officer section |
Fixed Compensation
All Fund officers are employees of, and compensated by, abrdn Inc. or an affiliate; the Funds do not pay officer compensation and have no bonus, profit sharing, pension or retirement plans .
| Component | FY2024 Detail |
|---|---|
| Base salary (paid by THW) | Not paid by THW; officers compensated by abrdn Inc. |
| Target bonus % (Fund-level) | None; Funds have no bonus/profit-sharing plans |
| Actual bonus paid (Fund-level) | None; Funds have no bonus/profit-sharing plans |
| Pension/retirement (Fund-level) | None |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed (officer compensation determined by abrdn Inc., not the Fund) | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (Andrew Kim) | Not individually disclosed; as of April 1, 2025, Trustees and officers in aggregate owned <1% of THW’s outstanding equity securities |
| Ownership as % of shares outstanding | Aggregate officers+trustees <1% |
| Vested vs. unvested shares | Not disclosed for officers |
| Options (exercisable vs. unexercisable) | Not disclosed for officers |
| Shares pledged as collateral | Not disclosed |
| Stock ownership guidelines (officers) | Not disclosed |
| Section 16 compliance | Funds reported timely Section 16 filings for FY2024 with two exceptions (late Form 4 for an officer and one-day late filing for a Trustee); no exceptions noted for Andrew Kim |
Employment Terms
| Term | Detail |
|---|---|
| Officer title | Vice President of the Funds |
| Start date in current role | Since 2025 |
| Appointment/term mechanics | Officers hold positions until a successor is duly elected and qualifies; officers are appointed annually at a meeting of the Fund Board |
| Non-compete / non-solicit | Not disclosed |
| Change-of-control / severance | Not disclosed |
| EDGAR/Section 16 filing authority | Andrew Kim is listed as an Attorney-in-Fact authorized to make Section 13/16 filings on behalf of certain reporting persons in the Fund complex |
Investment Implications
- Pay-for-performance visibility: Officer compensation (including Andrew Kim’s) is outside the Fund and paid by abrdn Inc.; there is no Fund-level bonus or pension plan, limiting direct assessment of pay-for-performance alignment at THW for officers .
- Ownership alignment and insider pressure: Officer-level holdings are not individually disclosed; aggregate officers and trustees own <1% of THW, and no pledging data is disclosed—suggesting limited observable “skin in the game” and minimal direct insider selling pressure signals tied to Andrew Kim .
- Governance and oversight: Board committees (Audit, Nominating & Corporate Governance, Private Venture Valuation) are fully independent and active; officer roles are appointed annually, supporting governance continuity though individual employment terms (non-compete, severance) are not disclosed .
- Trading context: THW traded at a low single-digit premium to NAV at 3/31/2025 and underperformed its blended benchmark over the latest six months; these dynamics are fund-level and not directly attributable to Andrew Kim’s product governance role, but they inform near-term return expectations and premium/discount behavior .