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Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

abrdn Income Credit Strategies Fund of Benef Interest

XACPX | Fund

$6.81

$193 M

0.00%

3.01%

Vitals

YTD Return

-3.1%

1 yr return

-3.1%

3 Yr Avg Return

-16.5%

5 Yr Avg Return

-11.8%

Net Assets

$193 M

Holdings in Top 10

22.9%

52 WEEK LOW AND HIGH

$6.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 63.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

abrdn Income Credit Strategies Fund of Benef Interest

XACPX | Fund

$6.81

$193 M

0.00%

3.01%

XACPX - Profile

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return -16.5%
  • 5 Yr Annualized Total Return -11.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 8.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    abrdn Income Credit Strategies Fund of Benef Interest
  • Fund Family Name
    Aberdeen Asset Management Inc.
  • Inception Date
    May 13, 2011
  • Shares Outstanding
    23261845
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ben Pakenham

Fund Description

XACPX - Performance

Return Ranking - Trailing

Period XACPX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -7.2% 6.6% 98.28%
1 Yr -3.1% -8.6% 17.7% 99.69%
3 Yr -16.5%* -16.5% 19.9% 100.00%
5 Yr -11.8%* -11.8% 36.4% 100.00%
10 Yr -4.8%* -4.8% 19.3% 100.00%

* Annualized

Return Ranking - Calendar

Period XACPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -4.7% 14.3% 92.67%
2022 -33.4% -33.4% 3.6% 100.00%
2021 -8.4% -8.4% 14.9% 100.00%
2020 -7.1% -13.9% 302.7% 98.82%
2019 -1.2% -4.4% 13.3% 99.13%

Total Return Ranking - Trailing

Period XACPX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -7.2% 6.6% 98.28%
1 Yr -3.1% -8.6% 17.7% 99.69%
3 Yr -16.5%* -16.5% 19.9% 100.00%
5 Yr -11.8%* -11.8% 36.4% 100.00%
10 Yr -4.8%* -4.8% 19.3% 100.00%

* Annualized

Total Return Ranking - Calendar

Period XACPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -4.7% 18.2% 98.91%
2022 -33.4% -33.4% 47.8% 100.00%
2021 -8.4% -8.4% 24.8% 100.00%
2020 -7.1% -9.6% 325.6% 99.49%
2019 4.4% 0.9% 21.5% 98.09%

NAV & Total Return History

XACPX - Holdings

Concentration Analysis

XACPX Category Low Category High XACPX % Rank
Net Assets 193 M 1.45 M 23.6 B 73.96%
Number of Holdings 118 2 2736 90.87%
Net Assets in Top 10 80.1 M -492 M 4.45 B 49.23%
Weighting of Top 10 22.89% 4.2% 146.9% 17.34%

Top 10 Holdings

  1. EnQuest PLC 7% 3.67%
  2. AA Bond Co Limited 5.5% 3.62%
  3. Virgin Money UK PLC 8% 3.59%
  4. Matalan Finance PLC 6.75% 2.87%
  5. Softbank Group Corp 6% 2.53%
  6. Altice France Holdings S A 6% 2.36%
  7. Kleopatra Holdings 1 S.C.A. 9.25% 2.35%
  8. Galaxy Finco Ltd 9.25% 2.24%
  9. Stichting AK Rabobank Certificaten 6.5% 2.24%
  10. Garfunkelux Holdco 3 SA 7.75% 2.13%

Asset Allocation

Weighting Return Low Return High XACPX % Rank
Bonds 		95.09% -3.13% 154.38% 43.91%
Convertible Bonds 		2.49% 0.00% 17.89% 14.55%
Cash 		2.23% -52.00% 48.07% 73.99%
Stocks 		0.19% 0.00% 99.54% 56.70%
Preferred Stocks 		0.00% 0.00% 7.88% 97.99%
Other 		0.00% -63.70% 102.57% 82.66%

Stock Sector Breakdown

Weighting Return Low Return High XACPX % Rank
Energy 		100.00% 0.00% 100.00% 7.87%
Utilities 		0.00% 0.00% 100.00% 82.58%
Technology 		0.00% 0.00% 33.17% 84.55%
Real Estate 		0.00% 0.00% 86.71% 81.18%
Industrials 		0.00% 0.00% 93.12% 84.27%
Healthcare 		0.00% 0.00% 22.17% 79.78%
Financial Services 		0.00% 0.00% 100.00% 83.43%
Communication Services 		0.00% 0.00% 99.99% 91.01%
Consumer Defense 		0.00% 0.00% 100.00% 82.02%
Consumer Cyclical 		0.00% 0.00% 100.00% 88.20%
Basic Materials 		0.00% 0.00% 100.00% 82.87%

Stock Geographic Breakdown

Weighting Return Low Return High XACPX % Rank
US 		0.19% 0.00% 99.54% 56.50%
Non US 		0.00% -0.01% 0.83% 97.37%

Bond Sector Breakdown

Weighting Return Low Return High XACPX % Rank
Corporate 		96.21% 0.00% 129.69% 40.16%
Cash & Equivalents 		2.26% 0.00% 48.07% 58.05%
Government 		1.54% 0.00% 99.07% 13.95%
Derivative 		0.00% -15.04% 42.26% 70.43%
Securitized 		0.00% 0.00% 97.24% 85.74%
Municipal 		0.00% 0.00% 4.66% 74.11%

Bond Geographic Breakdown

Weighting Return Low Return High XACPX % Rank
Non US 		60.71% 0.00% 98.19% 0.31%
US 		34.38% -3.13% 129.21% 96.44%

XACPX - Expenses

Operational Fees

XACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.01% 0.04% 31.61% 2.79%
Management Fee 1.25% 0.00% 1.84% 99.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

XACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 1.00% 255.00% 48.73%

XACPX - Distributions

Dividend Yield Analysis

XACPX Category Low Category High XACPX % Rank
Dividend Yield 0.00% 0.00% 11.76% 99.54%

Dividend Distribution Analysis

XACPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XACPX Category Low Category High XACPX % Rank
Net Income Ratio 8.75% -2.39% 14.30% 0.79%

Capital Gain Distribution Analysis

XACPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XACPX - Fund Manager Analysis

Managers

Ben Pakenham

Start Date

Tenure

Tenure Rank

Dec 01, 2017

4.5

4.5%

Ben has more than 13 years' experience in high yield and has been part of the investment team since 2011.

Adam Tabor

Start Date

Tenure

Tenure Rank

Oct 31, 2021

0.58

0.6%

Adam Tabor is a Credit Research Analyst on the Global High Yield team. Adam joined Aberdeen in 2010 on the graduate rotation scheme having previously interned with the company in 2009. Adam graduated with an MA in Financial Economics from the University of St Andrews. He is a CFA charterholder.

Matthew Kence

Start Date

Tenure

Tenure Rank

Oct 31, 2021

0.58

0.6%

Matthew Kence is an Investment Director at abrdn. He is also responsible for covering US high yield Energy companies. Matt joined the company in 2010 from Gannet Welsh & Kotler where he was a Vice President, Credit. Previously, Matt also worked for MFS Investment Management as a high yield analyst. Matt graduated with a BS Mechanical Engineering from Ohio University and received his MBA from the Haas School of Business at the University of California, Berkeley.

Erlend Lochen

Start Date

Tenure

Tenure Rank

Oct 31, 2021

0.58

0.6%

Erlend Lochen is Head of North American Fixed Income and Global High Yield at abrdn. Erlend joined the company in 2001 as a Credit Analyst. In 2004, he became the joint fund manager of the Higher Income Fund (Pan European high yield). Erlend relocated to Boston in 2009 and was appointed head of US credit and Global High Yield. Prior to Standard Life Investments, Erlend worked with a number of companies, including Skandinaviska Enskilda Banken, Barclays Capital and Merrill Lynch. Erlend earned an MSc in industrial Engineering from the Norwegian Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17

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