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 Feb. 23, 2024
Market Price $6.74 (- $0.04)
NAV (Feb. 23, 2024) $7.01 (+ $0.03)
Fund Listed NYSE
Premium / Discount -3.85% (-0.99%)
Fund Info
Inception Jan. 27, 2011
Sponsor abrdn
Website www.aberdeenacp.com/
Phone 1-800-522-5465
Location Pennsylvania
Incorporated Delaware
Staggered Board Yes
Term Date N/A
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
Taxable Bond & BDC Index
International Bond Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 52,109,950
Total Assets (Reported: Oct. 31, 2023) $486M
Estimated Total Assets $510M
Net Assets $365M
Market Cap $351M
Portfolio Turnover 83.00%
Total Leverage 28.35%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 5.27%
Non Lev Exp Ratio 2.26%
Rel Lev Cost 7.42%
Discount Data
Average Discount (3 Yr) 1.15%
Discount Low(3 Yr) -13.14%
Discount High(3 Yr) 16.28%
Discount Rel Range (3 Yr) 34.92%
Comp Discount 2.25
Discount St Dev (1Yr) 3.47
Z-Stat (6mo) 0.26
Z-Stat (1Yr) 0.04
Z-Stat (3Yr) -0.78
Comp Z-Stat (6mo) -0.82
Comp Z-Stat (3Yr) -0.93
Distribution Data
Market Yield 17.80%
Income Yield 9.26%
Lev Adj NAV Yield 13.34%
Distribution Frequency M
Current Distribution $0.100
Current Income $0.052
Ex-Date 2/21/24
Payable Date 2/29/24
Div Growth (3yr) 0.00%
Dividend Change -16.7% on 9/10/20
Expected Div 3/11/24
RoC (1yr) 23.75%
RoC (3yr) 9.46%
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) $2,309
Avg Volume 30 day 325,212
Avg Volume 90 day 342,547
Volume Trend -5.06%
Comp Volume Trend 4.17%
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 73.0%
NAV - Price Correlation (30 d) 44.8%
NAV - Price Correlation (90 d) 94.9%
NAV - Price Correlation (1 Yr) 79.8%
Price St Dev (1Yr) 18.0%
NAV St Dev (1Yr) 7.9%
Earnings / Share (10/31/23) $0.034
Earn Coverage 33.70%
Earnings Trend Down
UNII / Share (10/31/23) $-0.033
Rel UNII -5.27
UNII Trend Down
Bond Specific Data
Duration 3.29
Credit Rating (rbo) B
Investment Grade 1.10%
Non Investment Grade 98.00%
Unrated Bonds 0.80%
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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