First Trust/Abrdn Global Opportunity Income Fund (FAM) Research

The First Trust/Abrdn Global Opportunity Income Fund is a closed-end investment vehicle primarily focused on fixed-income assets. First Trust Advisors L.P. is responsible for its management, with Aberdeen Asset Management Inc. serving as a co-manager. This fund strategically invests in debt markets worldwide, concentrating its portfolio on government and corporate bonds across both investment-grade and below-investment-grade categories. A core criterion for its holdings is an average credit quality rating of BBB- or higher. To gauge its performance, the fund compares itself against several benchmarks: the Barclays Capital Global Emerging Markets Index, the Barclays Capital Global Aggregate Index, and a bespoke blended index. This custom index is weighted as follows: 40% Citigroup World Government Bond Index, 30% JPMorgan Emerging Markets Bond Index – Global Diversified, and 30% JPMorgan Global Bond Index - Emerging Markets Diversified. The fund commenced operations on November 23, 2004, and is located in the United States.

Market snapshot

Symbol
FAM
Price
$6.51
Day change
-1.06%
Market cap
$66.0M
P/E ratio
7.24x
52-week range
5.43-6.74
Sector
Financial Services
Industry
Asset Management - Income

Peer companies

  • 361 Global Long/Short Equity Fund - Investor Class (AGAQX)
  • Angel Oak Dynamic Financial Strategies Income Term Trust (DYFN)
  • Altegris Futures Evolution Strategy Fd Cl N (EVONX)
  • Eaton Vance New York Municipal Income Trust (EVY)
  • First Trust/abrdn Emerging Opportunity Fund (FEO)
  • First Trust Specialty Finance and Financial Opportunities Fund (FGB)
  • EA Series Trust - Matrix Advisors Value ETF (MAVFX)
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD)

Recent insider activity

  • Nichols Rebecca Suzanne — trade (0 shares) on 2024-06-10
  • Nichols Jennifer A — trade (0 shares) on 2023-12-31
  • MALTBIE DEREK — trade (0 shares) on 2023-06-05
  • Wright Bronwyn — trade (0 shares) on 2023-09-10
  • Matsick Jaclyn Marie — trade (0 shares) on 2023-06-30

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