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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.89

$84.3 M

7.46%

$0.52

1.07%

Vitals

YTD Return

2.3%

1 yr return

12.5%

3 Yr Avg Return

1.1%

5 Yr Avg Return

3.7%

Net Assets

$84.3 M

Holdings in Top 10

12.8%

52 WEEK LOW AND HIGH

$6.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 98.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.89

$84.3 M

7.46%

$0.52

1.07%

JHYIX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.65%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    abrdn High Income Opportunities Fund
  • Fund Family Name
    abrdnfunds
  • Inception Date
    Jan 30, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Pakenham

Fund Description

The High Income Opportunities Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of high income producing instruments. High income producing instruments include those rated at the time of purchase below “BBB–” by Standard & Poor’s Rating Service (“S&P”), or below “Baa3” by Moody’s Investors Service, Inc. (“Moody’s”), or below a comparable rating by another nationally recognized statistical rating organization, or unrated bonds determined by the Adviser to be of comparable quality. The Fund may invest in securities rated in the lowest ratings category or in default (i.e., “junk bonds”, which are speculative). Although the Fund typically invests in high income debt securities, the Fund may also invest in investment grade debt. The Fund has the flexibility to invest in a broad-range of debt instruments, including, but not limited to, corporate and sovereign debt from U.S. and non-U.S. issuers, including those in emerging markets. The Fund may invest in debt securities of any maturity.
The Adviser examines the material risks of an investment across a spectrum of considerations including financial metrics, regional and national conditions and industry specific factors. The Adviser may also consider the most material potential Environmental, Social and Governance (“ESG”) risks and opportunities impacting issuers, where relevant. As ESG information is just one investment consideration, ESG considerations generally are not solely determinative in any investment decision made by the Adviser. The relevance of ESG factors to the investment process varies across issuers and instrument types. The Fund seeks to invest in securities of issuers that are expected to exhibit stable to improving credit characteristics based on industry trends, company positioning, and management strategy, taking into account the potential positive impact of any restructurings or other corporate reorganizations.The strategy is primarily directed toward U.S. Dollar denominated debt rated below investment grade (i.e., “junk bonds”) and the Fund ordinarily invests at least 60% of its net assets in U.S. Dollar denominated securities. However, the Fund may purchase securities denominated in foreign currencies.The Fund may also invest in restricted securities and private placements including securities issued under Rule 144A and/or Regulation S (“Regulation S Securities”).The Fund may invest in debt-like instruments (for example, structured notes and equity baskets) that provide exposure to equity markets or indices. The Fund may invest in preferred stocks, asset-backed securities, debt instruments convertible into common stock, income trusts, and swaps. The Fund may invest in bank loans, which include floating and fixed–rate debt securities generally acquired as a participation interest in, or assignment of, a loan originated by a lender or financial institution. The Fund may invest in, enter into, or acquire participation in, delayed funding loans and revolving credit facilities.The Fund may also invest up to 20% of its net assets in equity securities. The Fund may invest in equity warrants, index warrants, covered warrants, interest rate warrants and long term options of, or relating to, international issuers that trade on an exchange or over-the-counter (“OTC”).To achieve its investment objective, the Fund uses derivatives under certain market conditions. The Fund may use derivatives as a substitute for taking a position or reducing exposure to underlying assets or for hedging currency exposure. The Fund expects that derivative instruments will include the purchase and sale of futures contracts, forward foreign exchange contracts, non-deliverable forwards, swaps, options (including options on futures and options on swaps), warrants, and structured notes. In complying with the minimum and maximum investment limitations set forth above, the Fund may include investments in derivatives with an underlying asset with economic characteristics similar to the investments included in such limitation.
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JHYIX - Performance

Return Ranking - Trailing

Period JHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.9% 8.2% 7.49%
1 Yr 12.5% -4.3% 26.0% 19.87%
3 Yr 1.1%* -15.6% 20.6% 67.16%
5 Yr 3.7%* -11.2% 37.3% 43.52%
10 Yr 2.7%* -4.7% 19.5% 76.71%

* Annualized

Return Ranking - Calendar

Period JHYIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -4.7% 14.3% 45.65%
2022 -19.2% -33.4% 3.6% 91.38%
2021 -2.1% -8.4% 14.9% 90.21%
2020 0.1% -13.9% 302.7% 46.05%
2019 7.7% -4.4% 13.3% 54.83%

Total Return Ranking - Trailing

Period JHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.9% 8.2% 7.49%
1 Yr 12.5% -4.3% 26.0% 19.87%
3 Yr 1.1%* -15.6% 20.6% 67.16%
5 Yr 3.7%* -11.2% 37.3% 43.52%
10 Yr 2.7%* -4.7% 19.5% 76.71%

* Annualized

Total Return Ranking - Calendar

Period JHYIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -4.7% 18.7% 53.11%
2022 -12.4% -33.4% 47.8% 83.07%
2021 3.7% -8.4% 24.8% 79.28%
2020 5.6% -9.6% 325.6% 47.23%
2019 14.7% -3.8% 21.5% 31.21%

NAV & Total Return History


JHYIX - Holdings

Concentration Analysis

JHYIX Category Low Category High JHYIX % Rank
Net Assets 84.3 M 1.85 M 22.6 B 85.25%
Number of Holdings 218 2 2736 70.99%
Net Assets in Top 10 10.9 M -492 M 4.45 B 85.65%
Weighting of Top 10 12.81% 4.2% 149.6% 56.48%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 2.39%
  2. CCO Holdings LLC / CCO Holdings Capital Corp 1.70%
  3. Rogers Communications Inc 1.27%
  4. Teva Pharmaceutical Finance Netherlands II BV 1.25%
  5. SunCoke Energy Inc 1.22%
  6. Enerflex Ltd 1.02%
  7. Tempur Sealy International Inc 1.01%
  8. Venture Global LNG Inc 1.00%
  9. CCM Merger Inc 0.98%
  10. Organon Co / Organon Foreign Debt Co-Issuer BV 0.97%

Asset Allocation

Weighting Return Low Return High JHYIX % Rank
Bonds
95.66% -3.13% 154.38% 38.71%
Cash
3.39% -52.00% 49.49% 54.01%
Convertible Bonds
2.56% 0.00% 17.89% 14.20%
Stocks
0.68% 0.00% 99.61% 41.63%
Other
0.27% -63.70% 102.57% 27.93%
Preferred Stocks
0.00% 0.00% 8.06% 98.61%

Stock Sector Breakdown

Weighting Return Low Return High JHYIX % Rank
Utilities
0.00% 0.00% 100.00% 84.96%
Technology
0.00% 0.00% 33.17% 84.96%
Real Estate
0.00% 0.00% 86.71% 83.51%
Industrials
0.00% 0.00% 93.12% 87.50%
Healthcare
0.00% 0.00% 22.17% 86.05%
Financial Services
0.00% 0.00% 100.00% 86.23%
Energy
0.00% 0.00% 100.00% 12.68%
Communication Services
0.00% 0.00% 99.99% 90.58%
Consumer Defense
0.00% 0.00% 100.00% 82.61%
Consumer Cyclical
0.00% 0.00% 100.00% 86.78%
Basic Materials
0.00% 0.00% 100.00% 87.68%

Stock Geographic Breakdown

Weighting Return Low Return High JHYIX % Rank
US
0.68% 0.00% 99.61% 40.90%
Non US
0.00% -0.01% 0.83% 97.84%

Bond Sector Breakdown

Weighting Return Low Return High JHYIX % Rank
Corporate
98.20% 0.00% 129.69% 14.06%
Cash & Equivalents
2.39% 0.00% 49.49% 57.10%
Government
1.71% 0.00% 99.07% 13.60%
Derivative
0.27% -15.04% 42.26% 10.80%
Securitized
0.00% 0.00% 97.24% 98.45%
Municipal
0.00% 0.00% 4.66% 96.91%

Bond Geographic Breakdown

Weighting Return Low Return High JHYIX % Rank
US
69.82% -3.13% 129.21% 91.20%
Non US
25.84% 0.00% 97.33% 3.40%

JHYIX - Expenses

Operational Fees

JHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.04% 31.61% 44.29%
Management Fee 0.55% 0.00% 1.84% 54.00%
12b-1 Fee N/A 0.00% 1.00% 14.05%
Administrative Fee N/A 0.00% 0.50% 6.03%

Sales Fees

JHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 98.00% 1.00% 255.00% 87.61%

JHYIX - Distributions

Dividend Yield Analysis

JHYIX Category Low Category High JHYIX % Rank
Dividend Yield 7.46% 0.00% 35.52% 33.74%

Dividend Distribution Analysis

JHYIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

JHYIX Category Low Category High JHYIX % Rank
Net Income Ratio 4.65% -2.39% 14.30% 36.89%

Capital Gain Distribution Analysis

JHYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JHYIX - Fund Manager Analysis

Managers

Ben Pakenham


Start Date

Tenure

Tenure Rank

Jul 01, 2016

5.92

5.9%

Ben has more than 13 years' experience in high yield and has been part of the investment team since 2011.

Matthew Kence


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Matthew Kence is an Investment Director at abrdn. He is also responsible for covering US high yield Energy companies. Matt joined the company in 2010 from Gannet Welsh & Kotler where he was a Vice President, Credit. Previously, Matt also worked for MFS Investment Management as a high yield analyst. Matt graduated with a BS Mechanical Engineering from Ohio University and received his MBA from the Haas School of Business at the University of California, Berkeley.

George Westervelt


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

George Westervelt is Head of U.S. High Yield Research and is one of the Portfolio Managers on the team that manages the Global High Yield strategies. He joined abrdn in 2009 as a Credit Analyst and joined the portfolio management group in 2011. Additionally, George has research coverage responsibilities for the High Yield Electric sector. Prior to joining ASI, George worked at MFS Investment Management in Boston and Citigroup in New York. He earned a BA in English from the University of Vermont and is a CFA Charterholder.

Erlend Lochen


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Erlend Lochen is Head of North American Fixed Income and Global High Yield at abrdn. Erlend joined the company in 2001 as a Credit Analyst. In 2004, he became the joint fund manager of the Higher Income Fund (Pan European high yield). Erlend relocated to Boston in 2009 and was appointed head of US credit and Global High Yield. Prior to Standard Life Investments, Erlend worked with a number of companies, including Skandinaviska Enskilda Banken, Barclays Capital and Merrill Lynch. Erlend earned an MSc in industrial Engineering from the Norwegian Institute of Technology.

Arthur Milson


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Arthur is an Investment Director within the Credit team at Aberdeen Standard Investments. In addition to being one of the Portfolio Managers on the Global High Yield strategy, he also manages European High Yield and Multi Asset Credit portfolios. Prior to joining the company, Arthur was at HBOS where he worked in leveraged finance, providing debt and equity funding to Management Buyout transactions. His sector responsibilities include Packaging and Environmental companies within European High Yield. Arthur is a member of the Association of Chartered Accountants (ACA) and holds a Postgraduate Diploma Commerce, Wollongong Australia and BSc Hons Immunology, University of Edinburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17