Abrdn 收入信用策略基金
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SecurityACP / Abrdn Income Credit Strategies Fund
InstitutionMorgan Stanley
Latest Disclosed Ownership8,177,008 shares
Ownership 6.50%
Morgan Stanley ownership in ACP / Abrdn Income Credit Strategies Fund

2026-05-11 - Morgan Stanley has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 8,177,008 shares of Abrdn Income Credit Strategies Fund (US:ACP). This represents 6.5 percent ownership of the company. In their previous filing dated 2025-11-07 , Morgan Stanley had reported owning 6,588,286 shares, indicating an increase of 24.11 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-05-11 2026-05-11 13G/A 6,588,286 8,177,008 24.11 6.50 22.64
2025-11-07 2025-11-07 13G/A 7,315,855 5,867,215 -19.80 4.70 -18.97
2025-11-07 2025-11-07 13G 7,315,855 6,588,286 -9.95 5.30 -8.62
2024-11-06 2024-11-06 13G 395,315 7,315,855 1,750.64 5.80 93.33
2019-02-12 2019-02-12 13G/A 395,315 3.00
2018-02-12 2018-02-12 13G/A 725,990 5.50
2018-02-12 2018-02-12 13G/A 802,989 725,990 -9.59 5.50 -9.84
2017-01-09 2017-01-09 13G/A 1,536,310 802,989 -47.73 6.10 -48.31
2017-01-09 2017-01-09 13G/A 802,989 -47.73 6.10 0.00
2016-02-11 2016-02-11 13G/A 1,536,310 11.80
2016-02-11 2016-02-11 13G/A 1,536,310 11.80 0.00
2015-02-17 2015-02-17 13G/A 1,721,295 13.20
2014-02-10 2014-02-10 13G/A 1,607,528 12.30
2013-06-10 2013-06-10 13G/A 1,502,969 11.50
2013-02-14 2013-02-14 13G/A 862,793 8.80
2012-02-10 2012-02-10 13G 463,205 6.30

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 12,582,704 -95,251 -0.75 64,172 -6.44 0.0039
2026-05-27 2025-12-31 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 12,677,955 222,456 1.79 68,588 -5.06 0.0041
2026-02-13 2025-12-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 12,677,955 222,456 68,588 0.0041
2026-05-27 2025-09-30 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 12,455,499 497,012 4.16 72,242 2.39 0.0044
2025-11-14 2025-09-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 12,455,499 497,012 72,242 0.0044
2025-08-15 2025-06-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 11,958,487 1,347,437 12.70 70,555 12.89 0.0046
2025-05-15 2025-03-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 10,611,050 699,225 7.05 62,499 5.62 0.0045
2025-05-15 2024-12-31 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 9,911,825 -906,358 -8.38 59,174 -17.37 0.0041
2025-02-14 2024-12-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 9,911,825 -906,358 59,174 0.0041
2025-05-14 2024-09-30 13F/A-2 ABRDN INCOME CREDIT STRATEGI COM 003057106 10,818,183 9,889,157 1,064.47 71,616 1,037.12 0.0052
2025-02-14 2024-09-30 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 10,818,183 9,889,157 71,616 0.0052
2024-11-14 2024-09-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 10,818,183 9,889,157 71,616 0.0052
2025-05-14 2024-06-30 13F/A-2 ABRDN INCOME CREDIT STRATEGI COM 003057106 929,026 -293,024 -23.98 6,299 -23.98 0.0005
2024-10-17 2024-06-30 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 929,026 -293,024 6,299 0.0005
2024-08-14 2024-06-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 929,026 -293,024 6,299 0.0005
2024-10-17 2024-03-31 13F/A-2 ABRDN INCOME CREDIT STRATEGI COM 003057106 1,222,050 106,968 9.59 8,286 9.27 0.0007
2024-08-16 2024-03-31 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 1,222,050 106,968 8,286 0.0001
2024-05-15 2024-03-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 1,222,050 106,968 8,286 0.0007
2024-08-16 2023-12-31 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 1,115,082 616,814 123.79 7,583 123.79 0.0007
2024-02-13 2023-12-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 1,115,082 616,814 7,583 0.0007
2023-11-15 2023-09-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 498,268 -39,978 -7.43 3,388 -7.96 0.0003
2023-08-14 2023-06-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 538,246 -529,908 -49.61 3,682 -48.33 0.0004
2023-05-15 2023-03-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 1,068,154 824,597 338.56 7,125 331.50 0.0008
2023-02-14 2022-12-31 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 243,557 -405,998 -62.50 1,651 -60.84 0.0002
2022-11-14 2022-09-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 649,555 -22,374 -3.33 4,216 -17.33 0.0006
2022-10-27 2022-06-30 13F/A-1 ABRDN INCOME CREDIT STRATEGI COM 003057106 671,929 38,447 6.07 5,100 -17.77 0.0007
2022-08-15 2022-06-30 13F ABRDN INCOME CREDIT STRATEGI COM 003057106 671,929 38,447 5,100 0.0001
2022-10-27 2022-03-31 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 633,482 341,301 116.81 6,202 108.54 0.0008
2022-05-13 2022-03-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 633,482 341,301 6,202 0.0008
2022-02-14 2021-12-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 292,181 53,158 22.24 2,974 12.61 0.0004
2021-11-15 2021-09-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 239,023 6,174 2.65 2,641 2.01 0.0004
2021-08-23 2021-06-30 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 232,849 48,232 26.13 2,589 21.32 0.0003
2021-08-16 2021-06-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 232,849 48,232 2,589 0.0001
2021-05-17 2021-03-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 184,617 -28,851 -13.52 2,134 -6.40 0.0003
2021-02-16 2020-12-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 213,468 -1,841 -0.86 2,280 6.74 0.0004
2020-11-13 2020-09-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 215,309 -61,762 -22.29 2,136 -13.87 0.0004
2020-08-14 2020-06-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 277,071 -42,623 -13.33 2,480 5.53 0.0005
2020-05-26 2020-03-31 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 319,694 -50,624 -13.67 2,350 -44.87 0.0006
2020-05-15 2020-03-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 319,694 -50,624 2,350 180.5290
2020-02-14 2019-12-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 370,318 105,204 39.68 4,263 29.06 0.0010
2019-11-14 2019-09-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 265,114 -33,315 -11.16 3,303 -10.46 0.0009
2019-08-14 2019-06-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 298,429 -13,955 -4.47 3,689 -2.56 0.0010
2019-05-15 2019-03-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 312,384 -82,931 -20.98 3,786 -8.62 0.0011
2019-02-14 2018-12-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 395,315 -137,820 -25.85 4,143 -45.39 0.0012
2019-04-23 2018-09-30 13F/A-2 ABERDEEN INCOME CR STRATEGIE COM 003057106 533,135 -9,723 -1.79 7,587 1.20 0.0019
2018-11-20 2018-09-30 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 533,135 0 7,587 0.0019
2018-11-14 2018-09-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 533,135 -9,723 7,587
2019-04-23 2018-06-30 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 542,858 -9,193 -1.67 7,497 -1.37 0.0020
2018-08-14 2018-06-30 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 542,858 -9,193 7,497
2019-04-23 2018-03-31 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 552,051 -28,135 -4.85 7,601 -6.62 0.0021
2018-05-14 2018-03-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 552,051 -28,135 7,601
2019-04-23 2017-12-31 13F/A-1 ABERDEEN INCOME CR STRATEGIE COM 003057106 580,186 580,186 8,140 0.0022
2018-02-14 2017-12-31 13F ABERDEEN INCOME CR STRATEGIE COM 003057106 580,186 8,140
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.