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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--
- Locationabrdn 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
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Triplepoint Venture Growth BDC Corp | 31.14m | 10.44m | 321.99m | 0.00 | 38.05 | 0.8839 | -- | 10.34 | 0.2113 | 0.2113 | 0.8153 | 9.10 | 0.035 | -- | -- | -- | 1.17 | 2.08 | 1.20 | 2.15 | -51.60 | 44.08 | 33.51 | 22.33 | -- | -- | 0.5256 | 276.70 | -15.93 | -1.42 | -98.41 | -- | -- | 0.7674 |
| Saba Capital Income & Opportunities Fund | -100.00bn | -100.00bn | 322.80m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Alliancebernstein National Mncpl ncm Fnd | 25.48m | 5.38m | 322.81m | -- | 59.97 | 0.9208 | -- | 12.67 | 0.1873 | 0.1873 | 0.8864 | 12.20 | 0.0433 | -- | 2.69 | -- | 0.9156 | -0.2463 | 1.52 | -0.3989 | 45.68 | 63.72 | 21.12 | -6.44 | -- | 1.92 | 0.00 | -- | 0.1477 | -1.03 | 98.75 | -- | -- | -6.39 |
| Putnam Municipal Opportunities Trust | 21.71m | 10.63m | 323.02m | -- | 45.57 | 0.931 | -- | 14.88 | 0.2282 | 0.2282 | 0.6426 | 15.64 | 0.0415 | -- | 2.64 | -- | 3.63 | 1.55 | 3.69 | 1.59 | 82.51 | 79.98 | 87.52 | 44.58 | -- | -- | 0.0154 | 368.42 | 1.61 | -4.22 | 95.88 | -18.93 | -- | -8.08 |
| Nabors Energy Transition Corp II | 0.00 | 15.41m | 327.27m | -- | 26.55 | 1.30 | 28.86 | -- | 0.4042 | 0.4042 | 0.00 | 8.27 | 0.00 | -- | -- | -- | 4.79 | -- | 4.79 | -- | -- | -- | -- | -- | -- | -- | 0.0096 | -- | -- | -- | -- | -- | -- | -- |
| Virtus Convertible & Income Fund | 24.29m | 14.31m | 328.96m | -- | 22.99 | 0.9801 | -- | 13.54 | 0.1583 | 0.1583 | 0.2688 | 4.82 | 0.0435 | -- | 3.50 | -- | 3.57 | 2.28 | 3.88 | 2.53 | 53.49 | 75.58 | 82.00 | 53.94 | -- | -- | 0.1861 | 438.16 | -3.62 | -15.82 | 103.09 | -- | -- | -11.44 |
| Voyager Acquisition Corp | -100.00bn | -100.00bn | 330.66m | -- | -- | 1.29 | -- | -- | -- | -- | -- | 7.74 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| abrdn Income Credit Strategies Fund | -100.00bn | -100.00bn | 334.02m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inflection Point Acquisition Corp II | 0.00 | 10.54m | 334.84m | -- | 32.42 | 1.32 | 44.80 | -- | 0.3306 | 0.3306 | 0.00 | 8.11 | 0.00 | -- | -- | -- | 4.01 | -- | 4.03 | -- | -- | -- | -- | -- | -- | -- | 0.0028 | -- | -- | -- | -- | -- | -- | -- |
| Pimco Income Strategy Fund | -100.00bn | -100.00bn | 334.95m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Putnam Premier Income Trust | 26.77m | 32.00m | 336.51m | 0.00 | 10.52 | 0.9146 | -- | 12.57 | 0.3345 | 0.3345 | 0.28 | 3.85 | 0.0436 | -- | 0.6548 | -- | 5.21 | 0.1358 | 7.58 | 0.1981 | 88.72 | 86.26 | 119.57 | 4.59 | -- | -- | 0.00 | 2,781.31 | 2.61 | -4.16 | 3,248.72 | 7.65 | -- | -3.87 |
| Blackrock Muniyield Michign Qulty Fd Inc | -100.00bn | -100.00bn | 336.86m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cohen & Steers Total Return Real. Fd Inc | 11.59m | 18.37m | 337.12m | -- | 18.32 | 1.11 | -- | 29.09 | 0.6914 | 0.6914 | 0.4358 | 11.46 | 0.0375 | -- | 6.34 | -- | 5.95 | 7.94 | 5.96 | 7.98 | 80.94 | 75.88 | 158.62 | 273.02 | -- | -- | 0.00 | 99.04 | 5.67 | 1.75 | 138.09 | -- | -- | -1.90 |
| RiverNorth Flexible Mncpl Inm Fnd II Inc | 24.93m | 31.80m | 340.92m | -- | 10.72 | 0.8971 | -- | 13.68 | 1.31 | 1.31 | 1.02 | 15.61 | 0.0401 | -- | 31.08 | -- | 5.12 | -- | 5.15 | -- | 26.02 | -- | 127.58 | -- | -- | -- | 0.3863 | -- | -8.16 | -- | 103.58 | -- | -- | -- |
| Liberty All-Star Growth Fund Inc | 2.04m | 36.02m | 344.69m | 0.00 | 9.57 | 0.983 | -- | 169.19 | 0.5986 | 0.5986 | 0.0339 | 5.83 | 0.0059 | -- | 0.988 | -- | 10.50 | -- | 10.58 | -- | -74.09 | -- | 1,768.09 | -- | -- | -- | 0.00 | -- | 11.81 | -- | 139.95 | -- | -- | -- |
| Highland Opportunities and Income Fund | 43.12m | -23.26m | 347.10m | -- | -- | 0.4111 | -- | 8.05 | -0.3383 | -0.3383 | 0.6411 | 14.88 | 0.0413 | -- | 1.40 | -- | -2.23 | 3.25 | -2.27 | 3.40 | 72.21 | 75.30 | -53.95 | 54.33 | -- | 0.4923 | 0.0081 | 154.10 | -47.15 | -- | -145.58 | -- | -- | -- |
Data as of Nov 22 2024. Currency figures normalised to abrdn Income Credit Strategies Fund's reporting currency: US Dollar USD
15.65%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 2024 | 7.31m | 5.83% |
| RiverNorth Capital Management LLCas of 30 Sep 2024 | 3.83m | 3.06% |
| Parametric Portfolio Associates LLCas of 30 Sep 2024 | 3.50m | 2.79% |
| NewEdge Advisors LLCas of 30 Sep 2024 | 875.17k | 0.70% |
| Kennedy Investment Group,Inc.as of 30 Sep 2024 | 865.55k | 0.69% |
| Sit Investment Associates, Inc.as of 30 Sep 2024 | 747.39k | 0.60% |
| LPL Financial LLCas of 30 Sep 2024 | 747.20k | 0.60% |
| Guggenheim Partners Investment Management LLCas of 30 Sep 2024 | 690.91k | 0.55% |
| UBS Financial Services, Inc.as of 30 Sep 2024 | 533.00k | 0.43% |
| Cohen & Steers Capital Management, Inc.as of 30 Sep 2024 | 530.50k | 0.42% |
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Data from 30 Sep 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
