abrdn Income Credit Strategies Fund:ACP

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    As of 7/3/2022. NAV as of 7/1/2022.

    52 Wk Avg$10.25$9.893.62%
    52 Wk High$11.71$11.159.06%
    52 Wk Low$7.50$7.19-4.47%
    Regular Distribution TypeIncome Only
    Distribution Rate15.79%
    Distribution Amount$0.1000
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Aims to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issues that operate in a variety of industries and geographic regions.

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$325.253M
    Total Common Assets:$167.253M
    Common Shares Outstanding:23,261,845

    As of 7/1/2022

    Preferred Share Assets:
    Total Debt (USD): $158.000M
    Regulatory Leverage (USD): $158.000M
    Effective Leverage (USD): $158.000M
    Effective Leverage (%): 48.58%
    Annual Expense Ratios

    As of 10/31/2021

      Per Common Share
    Management Fees1.90%
    Other Expenses:0.34%
    Baseline Expense: N/A
    Interest Expense:0.62%
    Total: 2.86%
    Fund Management

    Fund Sponsor
    abrdn Inc.

    Portfolio Managers
    Ben Pakenham, Matthew Kence, Adam Tabor, Erlend Lochen

    Category: Fixed Income - Taxable-Senior Loans
    Ticker: ACP
    NAV Ticker: XACPX
    Average Daily Volume (shares): 137,634
    Average Daily Volume (USD): $1.421M
    Inception Date: 1/27/2011
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports


    As of 7/3/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2021
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    Total Return on NAV (12 months):
    As of 7/3/2022
    Avg. Portfolio Coupon:
    As of 7/3/2022
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/4/2022

    PeriodAvg Discount
    6 Month3.59%
    1 Year3.62%
    3 Year-1.61%
    5 Year-3.51%

    As of 7/4/2022

    3 Month0.89
    6 Month0.82
    1 Year0.75
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2022
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/1/2022
    Number of Holdings:
    As of 5/31/2022
    Annual Portfolio Turnover:
    As of 10/31/2021
    Average Bond Price:
    As of 5/31/2022
    Asset Allocation

    As of 5/31/2022

    Top Sectors

    As of 5/31/2022

    Corporate (Super Sector)91.47%
    Corporate Bond89.94%
    Cash Equivalents6.01%
    Cash Equivalents (Super Sector)6.01%
    Government (Super Sector)1.60%
    Government Related1.60%
    Sensitive (Super Sector)0.13%
    Top Holdings

    As of 5/31/2022

    HoldingValue% Portfolio
    EnQuest PLC 7%$12.63M3.80%
    Softbank Group Corp. 6%$9.05M2.72%
    Altice France Holdings S A 6%$8.36M2.51%
    Galaxy Finco Ltd 9.25%$7.69M2.31%
    Staples, Inc. 10.75%$6.73M2.02%
    Banff Merger Sub Inc 8.375%$6.70M2.01%
    Summer (BC) Holdco A S.a r.l. 9.25%$6.43M1.93%
    Qwest Capital Funding, Inc. 6.875%$6.18M1.86%
    LHMC Finco 2 S.a r.l. 7.25%$6.17M1.85%
    DDM Debt AB (publ) 9%$6.05M1.82%
    Credit Quality

    As of 5/31/2022

    Maturity Breakdown

    As of 5/31/2022

    Country Allocation

    As of 5/31/2022

    Country% Portfolio
    United States - Fixed Income27.62%
    United Kingdom - Fixed Income22.51%
    Germany - Fixed Income9.66%
    France - Fixed Income7.90%
    Netherlands - Fixed Income3.85%
    Others - Fixed Income3.57%
    Mexico - Fixed Income2.99%
    Japan - Fixed Income2.72%
    Canada - Fixed Income1.90%
    Spain - Fixed Income1.85%
    Sweden - Fixed Income1.82%
    Denmark - Fixed Income1.18%
    Argentina - Fixed Income0.90%
    Brazil - Fixed Income0.73%
    China - Fixed Income0.37%
    Turkey - Fixed Income0.28%
    Estonia - Fixed Income0.23%
    United States - Equity0.22%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds 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. Shares of closed-end funds 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 frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.