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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nabors Energy Transition Corp II | 0.00 | 14.95m | 326.38m | -- | 27.30 | 1.31 | 44.29 | -- | 0.392 | 0.392 | 0.00 | 8.16 | 0.00 | -- | -- | -- | 9.15 | -- | 9.18 | -- | -- | -- | -- | -- | -- | -- | 0.0097 | -- | -- | -- | -- | -- | -- | -- |
| Invesco Municipal Income Opp Trust | 21.23m | 21.90m | 326.92m | -- | 14.92 | 1.07 | -- | 15.40 | 0.4597 | 0.4597 | 0.4455 | 6.41 | 0.0504 | -- | 6.77 | -- | 5.20 | 1.83 | 5.25 | 1.85 | 61.56 | 75.08 | 103.19 | 38.81 | -- | -- | 0.3155 | 202.54 | 3.34 | -2.10 | 156.09 | 6.94 | -- | -4.27 |
| Voyager Acquisition Corp | -100.00bn | -100.00bn | 329.34m | -- | -- | -- | -- | -- | -- | -- | -- | -0.003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Putnam Municipal Opportunities Trust | 21.71m | 10.63m | 333.58m | -- | 47.06 | 0.9615 | -- | 15.37 | 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 |
| Blackrock Muniholdings New York Qulty Fd | -100.00bn | -100.00bn | 335.08m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eaton Vance Floating-Rate Income Trust | -100.00bn | -100.00bn | 336.51m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inflection Point Acquisition Corp II | 0.00 | 11.89m | 336.88m | -- | 28.85 | 1.34 | 56.48 | -- | 0.3737 | 0.3737 | 0.00 | 8.06 | 0.00 | -- | -- | -- | 4.58 | -- | 4.59 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Liberty All-Star Growth Fund Inc | 2.04m | 36.02m | 338.07m | 0.00 | 9.39 | 0.9641 | -- | 165.94 | 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 | -- | -- | -- |
| Alliancebernstein National Mncpl ncm Fnd | 25.48m | 5.38m | 338.62m | -- | 62.91 | 0.9659 | -- | 13.29 | 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 |
| Nuveen Core Plus Impact Fund | 31.94m | 32.49m | 339.02m | -- | 10.43 | 0.9899 | -- | 10.61 | 1.13 | 1.13 | 1.11 | 11.91 | 0.0584 | -- | 265.73 | -- | 5.94 | -- | 6.56 | -- | 43.94 | -- | 101.74 | -- | -- | -- | 0.3462 | -- | -6.36 | -- | 111.53 | -- | -- | -- |
| abrdn Income Credit Strategies Fund | -100.00bn | -100.00bn | 340.28m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cohen & Steers Total Return Real. Fd Inc | 11.59m | 18.37m | 342.84m | -- | 18.63 | 1.12 | -- | 29.59 | 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 |
| Blackrock Muniyield Michign Qulty Fd Inc | -100.00bn | -100.00bn | 347.00m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pimco Income Strategy Fund | -100.00bn | -100.00bn | 347.30m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Ares Dynamic Credit Allocation Fund Inc | 52.13m | 53.01m | 351.52m | -- | 6.63 | 1.04 | -- | 6.74 | 2.31 | 2.31 | 2.27 | 14.71 | 0.0954 | -- | -- | -- | 9.70 | -- | 10.19 | -- | 74.34 | -- | 101.70 | -- | -- | -- | 0.3824 | -- | 14.87 | -- | 222.23 | -- | -- | -- |
| RiverNorth Flexible Mncpl Inm Fnd II Inc | 24.93m | 31.80m | 354.32m | -- | 11.14 | 0.9323 | -- | 14.21 | 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 | -- | -- | -- |
Data as of Oct 07 2024. Currency figures normalised to abrdn Income Credit Strategies Fund's reporting currency: US Dollar USD
6.01%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Mar 2024 | 794.63k | 1.53% |
| Guggenheim Partners Investment Management LLCas of 31 Mar 2024 | 509.35k | 0.98% |
| Parametric Portfolio Associates LLCas of 31 Mar 2024 | 421.55k | 0.81% |
| LPL Financial LLCas of 30 Jun 2024 | 382.39k | 0.73% |
| Capital Investment Advisors LLCas of 30 Jun 2024 | 298.97k | 0.57% |
| Landscape Capital Management LLCas of 31 Mar 2024 | 209.29k | 0.40% |
| Osaic Wealth, Inc. (Investment Management)as of 31 Mar 2024 | 145.85k | 0.28% |
| Robert W. Baird & Co., Inc. (Private Banking)as of 31 Mar 2024 | 139.90k | 0.27% |
| UBS Financial Services, Inc.as of 31 Mar 2024 | 116.43k | 0.22% |
| Aptus Capital Advisors LLCas of 30 Jun 2024 | 111.38k | 0.21% |
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Data from 31 Mar 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
