CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Aberdeen Income Credit Strategies Fund (ACP)

Taxable Bond Funds - High Yield Bond Funds

Data as of April 1, 2020
Market Price $6.70 (- $0.65)
NAV (April 1, 2020) $7.87 (- $0.09)
Premium / Discount -14.87% (-7.20%)
Fund Info
Inception Jan. 27, 2011
Sponsor Aberdeen Asset Management
Website www.aberdeenacp.com/
Phone 1-800-522-5465
Objective: High current income; loan and debt instruments
Related Indexes
12 Major CEF Sectors Index
High Income Index
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
International Bond Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 17,432,096
Total Assets (Reported: Oct. 31, 2019) $242M
Estimated Total Assets $185M
Net Assets $137M
Market Cap $117M
Purchases Turnover 95.18%
Sales Turnover 96.50%
Total Leverage 25.88%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.89%
Non Lev Exp Ratio 2.27%
Rel Lev Cost 4.21%
Discount Data
Average Discount (3 Yr) -6.10%
Discount Low(3 Yr) -27.47%
Discount High(3 Yr) 0.31%
Discount Rel Range 45.37%
Comp Discount -2.91
Discount St Dev (1Yr) 3.63
Z-Stat (6mo) -2.14
Z-Stat (1Yr) -2.84
Z-Stat (3Yr) -2.89
Comp Z-Stat (6mo) -0.39
Comp Z-Stat (3Yr) -1.04
Distribution Data
Market Yield 21.49%
Income Yield 13.54%
Lev Adj NAV Yield 14.54%
Distribution Frequency M
Current Distribution $0.120
Current Income $0.076
Ex-Date 3/19/20
Payable Date 3/31/20
Div Growth (3yr) 0.00%
Dividend Change -7.7% on 12/20/11
Expected Div 4/9/20
RoC (1yr) 10.35%
RoC (3yr) 3.69%
Tax Dividend Data 2019 2017 - 2019
Income 97.6% 99.2%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 2.4% 0.8%
Volume & Liquidity
Average Daily $ (M) $1,368
Avg Volume 30 day 254,104
Avg Volume 90 day 204,162
Volume Trend 24.46%
Comp Volume Trend -20.22%
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): HNW 91.0%
NAV - Price Correlation (30 d) 97.5%
NAV - Price Correlation (90 d) 99.1%
NAV - Price Correlation (1 Yr) 97.3%
Price St Dev (1Yr) 43.8%
NAV St Dev (1Yr) 16.9%
Earnings / Share (10/31/19) $0.078
Earn Coverage 65.08%
Earnings Trend Down
UNII / Share (10/31/19) $-0.193
Rel UNII -21.25
UNII Trend Down
Bond Specific Data
Maturity 6.40
Duration 3.40
Credit Rating (rbo) B
Investment Grade 0%
Non Investment Grade 98.30%
Unrated Bonds 1.70%
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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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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