Equities

abrdn Income Credit Strategies Fund

abrdn Income Credit Strategies Fund

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  • Price (USD)6.54
  • Today's Change-0.006 / -0.09%
  • Shares traded55.67k
  • 1 Year change+8.53%
  • Beta1.0026
Data delayed at least 15 minutes, as of Nov 13 2024 15:29 GMT.
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About the company

abrdn Income Credit Strategies Fund (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is 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 debt and loan instruments of issues that operate in a variety of industries and geographic regions. The Fund may invest, without limitation, in credit obligations that are rated below investment grade. The Fund invests in various sectors, including consumer discretionary, materials, energy, financials, health care, capital goods, telecommunication services, information technology, and others. abrdn Investments Limited serves as investment adviser to the Fund and abrdn Inc. serves as the sub-adviser.

  • Revenue in USD (TTM)--
  • Net income in USD--
  • Incorporated2010
  • Employees--
  • Location
    abrdn Income Credit Strategies Fund1900 Market Street, Suite 200PHILADELPHIA 19103United StatesUSA
  • Phone+1 (215) 405-5700
  • Fax+1 (302) 655-5049
  • Websitehttps://www.abrdnacp.com/
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Nuveen Core Plus Impact Fund31.94m32.49m325.22m--10.010.9496--10.181.131.131.1111.910.0584--265.73--5.94--6.56--43.94--101.74------0.3462---6.36--111.53------
Nabors Energy Transition Corp II0.0014.95m326.35m--27.291.3144.29--0.3920.3920.008.160.00------9.15--9.18--------------0.0097--------------
Destiny Tech100 Inc445.78k1.90m330.75m--173.915.91--741.960.17480.17480.0415.150.0079--2.33--3.37--3.45---333.73--426.64------0.00--95.64---5.41------
Voyager Acquisition Corp-100.00bn-100.00bn330.99m-----------------0.003--------------------------------------------
Cohen & Steers Total Return Real. Fd Inc11.59m18.37m333.52m--18.121.09--28.780.69140.69140.435811.460.0375--6.34--5.957.945.967.9880.9475.88158.62273.02----0.0099.045.671.75138.09-----1.90
Pimco Income Strategy Fund-100.00bn-100.00bn334.95m--------------------------------------------------------------
Blackrock Muniyield Michign Qulty Fd Inc-100.00bn-100.00bn337.44m--------------------------------------------------------------
Inflection Point Acquisition Corp II0.0011.89m337.66m--28.921.3456.61--0.37370.37370.008.060.00------4.58--4.59--------------0.00--------------
Putnam Premier Income Trust26.77m32.00m339.37m0.0010.610.9224--12.680.33450.33450.283.850.0436--0.6548--5.210.13587.580.198188.7286.26119.574.59----0.002,781.312.61-4.163,248.727.65---3.87
abrdn Income Credit Strategies Fund-100.00bn-100.00bn341.32m--------------------------------------------------------------
Saratoga Investment Corp155.26m21.18m342.12m0.0016.180.9159--2.201.531.5311.4827.070.131--388.07--1.793.831.813.9244.4742.3113.6434.88--1.620.692679.2945.0224.68-63.80-13.56--6.78
Ares Dynamic Credit Allocation Fund Inc52.13m53.01m342.81m--6.471.02--6.582.312.312.2714.710.0954------9.70--10.19--74.34--101.70------0.3824--14.87--222.23------
RiverNorth Flexible Mncpl Inm Fnd II Inc24.93m31.80m345.06m--10.850.908--13.841.311.311.0215.610.0401--31.08--5.12--5.15--26.02--127.58------0.3863---8.16--103.58------
Eaton Vance Floating-Rate Income Trust-100.00bn-100.00bn345.68m0.00------------------------------------------------------------
Horizon Technology Finance Corp48.47m-3.86m352.46m0.00--1.02--7.27-0.1206-0.12061.409.060.061--3.24---0.48582.24-0.54332.350.449729.27-7.9724.73----0.5589247.02-45.462.97-181.25----1.92
Cohen and Strs Clsd nd pprtnty Fnd nc12.72m51.70m355.19m0.006.871.11--27.921.871.870.46111.610.0412--7.01--16.72--16.78--77.69--406.36------0.00---17.64--149.30------
Data as of Nov 13 2024. Currency figures normalised to abrdn Income Credit Strategies Fund's reporting currency: US Dollar USD

Institutional shareholders

9.37%Per cent of shares held by top holders
HolderShares% Held
Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 20247.31m5.83%
Kennedy Investment Group,Inc.as of 30 Sep 2024865.55k0.69%
LPL Financial LLCas of 30 Sep 2024747.20k0.60%
Guggenheim Partners Investment Management LLCas of 30 Jun 2024571.58k0.46%
Landscape Capital Management LLCas of 30 Sep 2024463.75k0.37%
Shaker Financial Services LLCas of 30 Sep 2024444.15k0.35%
Raymond James & Associates, Inc. (Invt Mgmt)as of 30 Sep 2024385.83k0.31%
Thrivent Asset Management LLCas of 30 Sep 2024339.33k0.27%
Capital Investment Advisors LLCas of 30 Sep 2024326.44k0.26%
Cambridge Investment Research Advisors, Inc.as of 30 Sep 2024305.54k0.24%
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Data from 30 Jun 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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