First Trust/Abrdn Global Opportunity Income Fund

First Trust/Abrdn Global Opportunity Income Fundverified

FAM

Price:

$6.545

Market Cap:

$66.39M

First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc. The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Emerging Markets Index, Barclays Capital Global Aggregate Index and a blended index comprising of 40% of the Citigroup World Government Bond Index, 30% of the JPMorgan Emerging Markets Bond Index – Global Diversified and 30% of the JPMorgan Glob...[Read more]

Industry

Asset Management - Income

IPO Date

2004-11-24

Stock Exchange

NYSE

Ticker

FAM

The ROE as of September 2024 (TTM) for First Trust/Abrdn Global Opportunity Income Fund (FAM) is 15.57%

According to First Trust/Abrdn Global Opportunity Income Fund’s latest financial reports and current stock price. The company's current ROE is 15.57%. This represents a change of 306.96% compared to the average of 3.83% of the last 4 quarters.

First Trust/Abrdn Global Opportunity Income Fund (FAM) Historical ROE (quarterly & annually)

How has FAM ROE performed in the past?

The mean historical ROE of First Trust/Abrdn Global Opportunity Income Fund over the last ten years is -0.47%. The current 15.57% ROE has changed -3425.05% with respect to the historical average. Over the past ten years (40 quarters), FAM's ROE was at its highest in in the June 2022 quarter at 14.87%. The ROE was at its lowest in in the March 2022 quarter at -18.84%.

Quarterly (TTM)
Annual

Average

-0.47%

Median

1.05%

Minimum

-34.02%

Maximum

16.09%

First Trust/Abrdn Global Opportunity Income Fund (FAM) ROE by Quarter and Year

Discovering the peaks and valleys of First Trust/Abrdn Global Opportunity Income 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 = 543.00%

Maximum Annual ROE = 16.09%

Minimum Annual Increase = -371.68%

Minimum Annual ROE = -34.02%

Quarterly (TTM)
Annual
YearROEChange
202312.99%-138.19%
2022-34.02%264.92%
2021-9.32%-371.68%
20203.43%-76.36%
201914.51%-254.71%
2018-9.38%-158.30%
201716.09%47.38%
201610.92%-227.35%
2015-8.57%543.00%
2014-1.33%-86.27%

First Trust/Abrdn Global Opportunity Income Fund (FAM) Average ROE

How has FAM ROE performed in the past?

The current ROE of First Trust/Abrdn Global Opportunity Income Fund (FAM) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-10.12%

5-year avg

-2.48%

10-year avg

-0.47%

First Trust/Abrdn Global Opportunity Income Fund (FAM) ROE vs. Peers

How is FAM’s ROE compared to its peers?

First Trust/Abrdn Global Opportunity Income Fund’s ROE is less than Apollo Senior Floating Rate Fund Inc. (21.16%), less than Blackstone / GSO Long-Short Credit Income Fund (14.76%), less than Blackstone / GSO Senior Floating Rate Term Fund (21.38%), less than First Trust High Income Long/Short Fund (8.31%), greater than Nuveen Senior Income Fund (-4.71%), less than Nuveen Floating Rate Income Fund (11.59%), less than Pioneer Floating Rate Fund, Inc. (10.79%), less than BlackRock Floating Rate Income Trust (22.42%), greater than Nuveen Floating Rate Income Opportunity Fund (-2.65%), greater than BlackRock Municipal Income Fund, Inc. (-0.11%), less than Eaton Vance Senior Income Trust (21.34%), less than Western Asset High Yield Defined Opportunity Fund Inc. (16.52%), less than Western Asset Mortgage Opportunity Fund Inc. (19.70%), less than Pioneer Municipal High Income Advantage Fund, Inc. (1.51%), less than Western Asset High Income Fund II Inc. (48.66%), less than Western Asset High Income Opportunity Fund Inc. (12.68%), less than BlackRock Debt Strategies Fund, Inc. (25.42%), less than Western Asset Diversified Income Fund (15.92%),

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