Welcome to our dedicated page for abrdn Income Credit Strategies Fund SEC filings (Ticker: ACP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
abrdn Income Credit Strategies Fund filings document the governance, capital structure and investment-policy disclosures of a closed-end income fund. Proxy statements cover trustee elections and preferred-share class voting, while Form 8-K reports disclose material agreements, preferred-share terms, unregistered securities sales and amendments to organizational preferences.
The filing record also describes common-share distribution arrangements, leverage instruments, net asset value constraints under investment-company rules, and changes to credit-investment strategy, including disclosure around defaulted credit obligations. These documents connect the fund's income objective with formal reporting on shareholder rights, financing arrangements, portfolio policies and risk-related fund structure.
The Schedule 13G/A amendment shows Morgan Stanley (via MS Reporting Units) and Parametric Portfolio Associates LLC reporting shared voting power of 1,086,674 and shared dispositive power of 8,177,008 common shares of abrdn Income Credit Strategies Fund (CUSIP 003057106) as of 03/31/2026. The filing states total shares beneficially owned of 8,177,008, representing 6.5% of the class and includes a joint filing agreement and Item 7 exhibit. Signatures are dated 05/11/2026. The filing notes that securities reported reflect certain MS operating units as described in Release No. 34-39538.
UBS Group reports beneficial ownership of 531,368 shares of abrdn Income Credit Strategies Fund 5.250% Series A Perpetual Preferred Shares, representing 33.21% of the class. The filing (Amendment No. 14 to a Schedule 13G/A) lists UBS Group and its wholly owned subsidiaries as the reporting entities and is signed by Andrew Johnson on 05/01/2026.
The filing gives UBS Group's principal office as Bahnhofstrasse 45, CH-8021 Zurich, Switzerland, and the issuer's principal executive office as 1900 Market Street, Philadelphia, Pennsylvania. The securities carry CUSIP 003057205.
abrdn Income Credit Strategies Fund filed a Form 3 identifying Wertz Parker Webb as a reporting person in the capacity of “Director of Adviser.” The filing data show no reported transactions or holding entries, indicating no buys, sells, or derivative positions are listed in this submission.
abrdn Income Credit Strategies Fund is calling an annual shareholder meeting on May 27, 2026 in Philadelphia. Shareholders of record as of April 1, 2026 will vote on two items: electing Rahn Porter as a Class III Trustee and electing Randolph Takian as a Preferred Share Trustee, each for three-year terms ending in 2029. Common and preferred shareholders vote together on Mr. Porter’s election, while preferred shareholders vote separately on Mr. Takian’s. The Board, including all independent trustees, unanimously recommends voting “FOR” both nominees.
First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation jointly report beneficial ownership of 13,160,660 shares of Common stock of abrdn Income Credit Strategies Fund, representing 10.49% of the class. The filing states shared dispositive power for 13,160,660 shares and disclaims sole voting or dispositive power. The filing is submitted pursuant to Rule 13d-1(k)(1) and explains that some shares are held in unit investment trusts and are voted by trustees.
abrdn Income Credit Strategies Fund received a Schedule 13G from First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation reporting a significant holding of its common shares. The filing shows beneficial ownership of 9,763,057 shares, representing 7.78% of the fund’s common stock as of December 31, 2025.
The reporting persons have no sole voting or dispositive power over these shares but report shared dispositive power over the full amount and no voting power. The position is mainly held through unit investment trusts and other client accounts, and the firms state the holdings are in the ordinary course of business, not to change or influence control of the fund, while each disclaims beneficial ownership.
The registrant ACP submitted a Form N-CEN annual report template for registered investment companies that records operational items and service providers. The filing shows aggregate brokerage commissions of 3,197.53 and multiple principal transaction values, including 1,491,984,231.88 listed in one record.
MetLife Investment Management, LLC, a Delaware investment adviser, reported a large ownership position in the preferred shares of abrdn Income Credit Strategies Fund. As of December 31, 2025, it may be deemed the beneficial owner of 4,000,000 Series A Mandatorily Redeemable Preferred Shares, representing 100% of that preferred share class, with sole power to vote and dispose of the shares.
The firm manages these securities in the ordinary course of business on behalf of various clients, including MetLife Reinsurance Company of Charleston, Metropolitan Tower Life Insurance Company and Metropolitan Life Insurance Company, and states that the holdings are not intended to change or influence control of the fund.
abrdn Income Credit Strategies Fund (ACP) reported a 12‑month total return of 5.81% based on net asset value (NAV) and 0.68% based on market price, versus 8.22% for the ICE BofAML Global High Yield Constrained Index for the year ended October 31, 2025.
NAV ended at $5.89 and the market price at $5.57, a 5.43% discount. Distributions to common shareholders totaled $0.9525 per share, implying a 17.10% market‑price distribution rate and 16.17% on NAV, funded by ordinary income and return of capital. Net investment income was $63.8 million, with a net operating expense ratio of 3.94% (1.97% excluding interest expense).
The Fund uses significant leverage: a $260 million revolving credit facility outstanding at year‑end and $40 million of 5.25% Series A Perpetual Preferred Shares, plus a private issuance of $100 million of Series A Mandatorily Redeemable Preferred Shares on December 18, 2025. Leverage added 1.58 percentage points to unlevered NAV performance but increases risk. The portfolio is concentrated in below‑investment‑grade credit, with most holdings rated B or BB and a 2.8‑year effective duration.
UBS Group AG has disclosed its ownership in the 5.250% Series A Perpetual Preferred Shares of abrdn Income Credit Strategies Fund. UBS reports beneficial ownership of 558,246 preferred shares, representing 34.89% of this class. UBS has shared voting power over 241 shares and shared dispositive power over 558,246 shares, with no sole voting or dispositive power reported.
UBS states that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the fund. The filing is made by UBS Group AG on behalf of itself and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC.