Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) is a popular bond closed end fund. The fund objective is to seek income with incidental capital appreciation. This debt fund utilizes its assets to purchase Australian and Asian debt securities.

FAX Fund Profile

    Aberdeen Asia-Pacific Income Fund | FAX
  • Fund Inception Date: 04/24/1986
  • Ticker Symbol: FAX
  • CUSIP: 003009107
  • Rank in category (YTD): 56%
  • Category: Emerging Markets Bonds
  • Distribution Rate: 7.65%
  • Effective Leverage: 25.87%
  • Capital Gains: -
  • Base Expense Ratio: 1.13%
  • Net Assets: $ 2.20 billion
  • Annual Turnover Rate: 45.00%

This closed end fund is introduced to investors in 1986. It has a high dividend yield of 7.65%. The fund manager is Victor Rodriguez since 2014. The fund sponsor is Aberdeen Asset Management Asia Limited. The current share price is $5.48. This market price is trading 10.62% discount to its NAV (Net Asset Value). The total expense fee is 1.95% per year.

Aberdeen Asia-Pacific Income Fund Returns

Morningstar has ranked this taxable bond fund with 2 star rating. In 2014, the total 1 year return is 3.37%. This closed end fund has returned -2.20% over the past 1 year, -4.13% over the past 3 years, and 3.43% over the past 5 years.
  • Year 2013: -20.73%
  • Year 2012: 11.60%
  • Year 2011: 15.20%
  • Year 2010: 15.75%

FAX Holdings

This Aberdeen Asia-Pacific Income Fund has 247 holdings in its portfolio. Top 3 sectors are foreign government bonds, foreign corporation bonds, and short term bond. Top 5 country regions are Australia, China, South Korea, Indonesia, and India.

More: Top Performing Emerging Markets Bond Closed End Funds 2014

  • This Aberdeen Asia-Pacific Income Fund has a high yield of income for investors.
  • Performance has been below average.


Post a Comment