Snapshot: ACP

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ABERDEEN INCOME CREDIT STRATEGIES FUND

10.33up0.00 (0.00%)

 as of 4:10:00pm ET 01/18/2022

Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Important information you should know about investing in closed-end funds.

Bid/Size 10.30/2
Ask/Size 10.42/10
Open 10.31
High 10.41
Low 10.292
Previous Close
AS OF 01/18/2022
10.33
Price Performance (Last 52 Wk) -6.23%
Volume 114
Volume (90-Day Average) 155,134
NAV (Daily) --
Bid/Ask Midpoint (Previous Day) --
Premium / Discount (1 Month Average)^
as of 12/31/2021
-0.97%
NAV
as of 01/18/2022
10.24
NAV Update Frequency Daily
Options No
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Security Type

Closed End Fund

Asset Class

Taxable Bond

Morningstar Category

High Yield Bond

Prospectus Objective

Income

Net Assets
AS OF 12/31/2021

$239.1M

Net Expense Ratio
AS OF 10/31/2021

3.01%

Sponsor

Aberdeen Standard Investments Inc.

Inception Date

01/27/2011

Financial Year-End

October 31, 2021

Benchmark Index

High Yield Bond

Legal Structure

Closed End Fund

Total Holdings
AS OF 11/30/2021

113

Investment Objective Summary

The Funds primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation.Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in any combination of the following credit obligations and related instruments: (i) Senior Loans (including those that, at the time of investment, are rated below investment grade by a nationally recognized statistical rating organization (a NRSRO) or are unrated but deemed by an Avenue Manager to be of comparable quality; these types of below investment grade instruments are commonly known as junk securities and are regarded as predominantly speculative with respect to the issuers capacity to pay interest and repay principal); (ii) second lien or other subordinated or unsecured floating rate and fixed rate loans or debt (including those that, at the time of investment, could be considered junk securities as described above); (iii) other debt obligations, including high-yield, high-risk obligations (i.e., instruments that are commonly known as junk securities as described above); (iv) structured products, including collateralized debt and loan obligations (collectively, structured products) that provide long or short exposure to other credit obligations; (v) swaps and other derivative instruments (including credit default, total return, index and interest rate swaps, options, forward contracts, futures contracts and options on futures contracts) that provide long or short exposure to other credit obligations; and (vi) short-term debt securities such as U.S. government securities, commercial paper and other money market instruments and cash equivalents (including shares of money market funds).

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Key Statistics

Bond Holdings Valuation AS OF 11/30/2021

Average Duration --
Average Maturity --
Average Coupon % 7.64%

Distributions as of 01/18/2022

Total Distribution Rate (Market Price) 11.62%
Total Distribution Rate (NAV) 11.72%
See all Key Stats

Compare

ACP
ABERDEEN INCOME CREDIT STRATEGIES CLOSED END FUND
Asset Class Median
Market Capitalization
AS OF 11/30/2021
382.3M 481.9M
Volume (10-Day Avg)
AS OF 01/18/2022
188.6K 99.9M
YTD Market Price Total Return
AS OF 12/31/2021
+6.21% +10.51%
1 Month Market Price Total Return
AS OF 12/31/2021
-3.57% +0.54%
1 Year Market Price Total Return
AS OF 12/31/2021
+6.21% +10.51%
1 Year NAV Total Return
AS OF 12/31/2021
+2.09% +6.13%
3 Year Annualized Market Price Total Return
AS OF 12/31/2021
+12.17% +10.51%
Beta (Market Price 1 Yr)
AS OF 12/31/2021
-1.22 0.11
Annual Turnover Ratio
AS OF 10/31/2021
63.00% 48.00%
Net Expense Ratio
AS OF 10/31/2021
3.30% 1.80%
Total Expense Ratio (Adjusted)
AS OF 10/31/2021
2.86% 1.59%
Compare to Other CEFs

Performance

Premium / Discount to NAV^ as of 12/31/2021

Premium Chart
Date Average
12/2021 -0.97%
11/2021 5.13%
10/2021 8.13%
09/2021 2.31%
08/2021 4.01%
07/2021 2.67%
06/2021 -0.18%
05/2021 0.35%
04/2021 7.65%
03/2021 0.43%
02/2021 -3.38%
01/2021 -3.19%
Quarter-End Average Annual Total ReturnsAS OF 12/31/2021
NAV Return Market Return
1 Year +2.09% +6.21%
3 Year +6.30% +12.17%
5 Year +3.19% +6.09%
10 Year +6.80% +8.00%
Life +5.62% +5.49%
Life as of inception date: 01/27/2011       Gross Expense Ratio: 3.30

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Reported by Fund Sponsor

Top 10 HoldingsAs of 11/30/2021

EnQuest PLC 7% 3.09%
Matalan Finance PLC 6.75% 2.89%
Softbank Group Corp 6% 2.48%
Galaxy Finco Ltd 9.25% 2.28%
Summer (BC) Holdco A S.a r.l. 9.25% 2.04%
Voyage Care BondCo PLC 10% 1.98%
Staples, Inc. 10.75% 1.95%
DDM Debt AB (publ) 9% 1.9%
Qwest Capital Funding, Inc. 6.875% 1.87%
LHMC Finco 2 S.a r.l. 7.25% 1.72%
Assets in Top 10 Holdings22.20%

Credit Quality  AS OF 10/31/2021

Type % Bonds
AAA 2.70
AA 0.00
A 0.00
BBB 0.80
BB 9.50
B 40.80
Below B 43.30
Not Rated 2.90

Maturity  AS OF 11/30/2021

% Bonds
10 to 15 Years 1.31
15 to 20 Years 0.00
1 to 3 Years 14.75
20 to 30 Years 1.23
3 to 5 Years 41.77
5 to 7 Years 26.29
7 to 10 Years 11.02
Over 30 Years 0.00
More about Portfolio Composition
*The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees, if applicable), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Distributions are not guaranteed and the amount of distributions will vary depending on a number of factors. Market prices and investment return will vary, therefore you may have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. All performance data is for the common shares of the fund. Total distribution rate (at market or NAV) may include unknown combinations of income, capital gains and return of capital.

Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated.

^Premium/Discount to NAV represents the percentage by which the funds market price exceeds or is less than net asset value (NAV). Shares of closed-end funds frequently trade at a market price that is a discount to their NAV.

Top holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate closed end funds. Criteria and inputs entered, including the choice to make closed end fund comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating closed end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

© 2011 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for the most recent shareholder report for this information. Read it carefully. Please also review information provided by the fund on its web site.