CEF Advisors AICA Event NAVigator Podcast

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abrdn Income Credit Strategies Fund (ACP)

Taxable Bond Funds - High Yield Bond Funds

Data as of March 24, 2023
Market Price $6.50 (- $0.05)
NAV (March 24, 2023) $6.89 (- $0.05)
Fund Listed NYSE
Premium / Discount -5.66% (-0.04%)
Fund Info
Inception Jan. 27, 2011
Sponsor abrdn
Website www.aberdeenacp.com/
Phone 1-800-522-5465
Location Pennsylvania
Incorporated Delaware
Staggered Board Yes
Objective: High current income; loan and debt instruments
Related Indexes
15 Major CEF Sectors Index
High Income Index
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
US Bond Index
International Bond Index
Capital & Leverage
Outstanding Shares 52,075,561
Total Assets (Reported: Oct. 31, 2022) $300M
Estimated Total Assets $540M
Net Assets $359M
Market Cap $338M
Portfolio Turnover 66.00%
Total Leverage 33.50%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.70%
Non Lev Exp Ratio 2.48%
Rel Lev Cost 3.67%
Discount Data
Average Discount (3 Yr) 0.35%
Discount Low(3 Yr) -18.68%
Discount High(3 Yr) 16.28%
Discount Rel Range (3 Yr) 37.24%
Comp Discount 4.64
Discount St Dev (1Yr) 5.54
Z-Stat (6mo) -1.07
Z-Stat (1Yr) -1.65
Z-Stat (3Yr) -1.00
Comp Z-Stat (6mo) -0.22
Comp Z-Stat (3Yr) -0.12
Distribution Data
Market Yield 18.46%
Income Yield 18.46%
Lev Adj NAV Yield 13.05%
Distribution Frequency M
Current Distribution $0.100
Current Income $0.100
Ex-Date 3/23/23
Payable Date 3/31/23
Div Growth (3yr) -16.67%
Dividend Change -16.7% on 9/10/20
Expected Div 4/10/23
RoC (1yr) 0.00%
RoC (3yr) 13.46%
Tax Dividend Data 2022 2020 - 2022
Income 100% 83.7%
ST Gains 0% 0%
QDI 0.0% 0.0%
LT Gains 0% 0%
RoC 0% 16.3%
Volume & Liquidity
Average Daily $ (K) $1,420
Avg Volume 30 day 249,585
Avg Volume 90 day 218,411
Volume Trend 14.27%
Comp Volume Trend 15.71%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
Most Correlated Peer (Mk Pr): BGH 66.0%
NAV - Price Correlation (30 d) 82.4%
NAV - Price Correlation (90 d) 83.3%
NAV - Price Correlation (1 Yr) 92.7%
Price St Dev (1Yr) 25.4%
NAV St Dev (1Yr) 11.6%
Earnings / Share (10/31/22) $0.060
Earn Coverage 59.80%
Earnings Trend Down
UNII / Share (10/31/22) $0.608
Rel UNII 50.63
UNII Trend Up
Bond Specific Data
Duration 4.97
Credit Rating (rbo) B
Investment Grade 3.09%
Non Investment Grade 96.92%
Unrated Bonds 0.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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