Abrdn Income Credit Strategies Fund

Abrdn Income Credit Strategies Fundverified

ACP

Price:

$6.545

Market Cap:

$341.06M

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2011-01-27

Stock Exchange

NYSE

Ticker

ACP

The ROE as of September 2024 (TTM) for Abrdn Income Credit Strategies Fund (ACP) is 18.73%

According to Abrdn Income Credit Strategies Fund’s latest financial reports and current stock price. The company's current ROE is 18.73%. This represents a change of 310.69% compared to the average of 4.56% of the last 4 quarters.

Abrdn Income Credit Strategies Fund (ACP) Historical ROE (quarterly & annually)

How has ACP ROE performed in the past?

The mean historical ROE of Abrdn Income Credit Strategies Fund over the last ten years is 0.48%. The current 18.73% ROE has changed 3.81% with respect to the historical average. Over the past ten years (40 quarters), ACP's ROE was at its highest in in the October 2020 quarter at 23.13%. The ROE was at its lowest in in the April 2020 quarter at -30.45%.

Quarterly (TTM)
Annual

Average

0.48%

Median

3.75%

Minimum

-35.84%

Maximum

14.39%

Abrdn Income Credit Strategies Fund (ACP) ROE by Quarter and Year

Discovering the peaks and valleys of Abrdn Income Credit Strategies Fund ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 66.98%

Maximum Annual ROE = 14.39%

Minimum Annual Increase = -720.83%

Minimum Annual ROE = -35.84%

Quarterly (TTM)
Annual
YearROEChange
20238.91%-124.85%
2022-35.84%-348.99%
202114.39%-720.83%
2020-2.32%66.98%
2019-1.39%-173.41%
20181.89%-85.97%
201713.48%55.84%
20168.65%-200.59%
2015-8.60%-253.08%
20145.62%-49.05%

Abrdn Income Credit Strategies Fund (ACP) Average ROE

How has ACP ROE performed in the past?

The current ROE of Abrdn Income Credit Strategies Fund (ACP) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-4.18%

5-year avg

-3.25%

10-year avg

0.48%

Abrdn Income Credit Strategies Fund (ACP) ROE vs. Peers

How is ACP’s ROE compared to its peers?

Abrdn Income Credit Strategies Fund’s ROE is less than Virtus Convertible & Income Fund (2.21%), less than Special Opportunities Fund, Inc. (11.86%), less than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (8.44%), less than Clough Global Dividend and Income Fund (3.44%), less than RiverNorth Opportunities Fund, Inc. (11.78%), less than High Income Securities Fund (4.40%), less than Cornerstone Total Return Fund, Inc. (20.06%), greater than Clough Global Opportunities Fund (-6.20%), less than Eagle Point Credit Company Inc. (0%), less than Cornerstone Strategic Value Fund, Inc. (15.41%), less than Oxford Square Capital Corp. (20.74%), less than Guggenheim Strategic Opportunities Fund (1.89%), less than PennantPark Floating Rate Capital Ltd. (16.69%), less than Stellus Capital Investment Corporation (13.84%), less than Gladstone Capital Corporation (9.41%), less than Gladstone Investment Corporation (17.82%), less than Prospect Capital Corporation (14.69%), less than null (5.82%),

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