abrdn Asia Pacific Income Fund VCC
ABRDN Asia-Pacific Income Fund VCC is a close ended fixed income mutual fund launched by Aberdeen Standard Investments (Asia) Limited. The fund is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. It invests in fixed income markets of the Asia-Pacific region. The fund primarily invests in long term debt securities. It benchmarks the performance of … Read more
abrdn Asia Pacific Income Fund VCC (FAP) - Net Assets
Latest net assets as of October 2025: CA$106.64 Million CAD
Based on the latest financial reports, abrdn Asia Pacific Income Fund VCC (FAP) has net assets worth CA$106.64 Million CAD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$154.23 Million) and total liabilities (CA$47.58 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$106.64 Million |
| % of Total Assets | 69.15% |
| Annual Growth Rate | -8.08% |
| 5-Year Change | -42.15% |
| 10-Year Change | -62.92% |
| Growth Volatility | 12.44 |
abrdn Asia Pacific Income Fund VCC - Net Assets Trend (2005–2025)
This chart illustrates how abrdn Asia Pacific Income Fund VCC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for abrdn Asia Pacific Income Fund VCC (2005–2025)
The table below shows the annual net assets of abrdn Asia Pacific Income Fund VCC from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | CA$106.64 Million | -11.58% |
| 2024-10-31 | CA$120.62 Million | -4.72% |
| 2023-10-31 | CA$126.59 Million | -2.37% |
| 2022-10-31 | CA$129.67 Million | -29.66% |
| 2021-10-31 | CA$184.34 Million | -10.17% |
| 2020-10-31 | CA$205.22 Million | -11.01% |
| 2019-10-31 | CA$230.62 Million | +6.82% |
| 2018-10-31 | CA$215.90 Million | -19.26% |
| 2017-10-31 | CA$267.41 Million | -7.03% |
| 2016-10-31 | CA$287.62 Million | +7.43% |
| 2015-10-31 | CA$267.71 Million | -10.29% |
| 2014-10-31 | CA$298.43 Million | -0.70% |
| 2013-10-31 | CA$300.54 Million | -13.57% |
| 2012-10-31 | CA$347.73 Million | -1.95% |
| 2011-10-31 | CA$354.64 Million | -3.76% |
| 2010-10-31 | CA$368.51 Million | +4.15% |
| 2009-10-31 | CA$353.82 Million | +22.97% |
| 2008-10-31 | CA$287.73 Million | -27.35% |
| 2007-10-31 | CA$396.02 Million | -5.82% |
| 2006-10-31 | CA$420.49 Million | -26.85% |
| 2005-10-31 | CA$574.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to abrdn Asia Pacific Income Fund VCC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 21251035100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$442.61 Million | 415.04% |
| Total Equity | CA$106.64 Million | 100.00% |
abrdn Asia Pacific Income Fund VCC Competitors by Market Cap
The table below lists competitors of abrdn Asia Pacific Income Fund VCC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
199150
KO:199150
|
$17.14K |
|
Sincere Security Corp. Ltd.
TWO:6721
|
$17.15K |
|
Longterm Games S.A.
WAR:LTM
|
$17.19K |
|
LBPWQ
PINK:LBPWQ
|
$17.20K |
|
Pine Labs Ltd
NSE:PINELABS
|
$17.10K |
|
J&B International Inc.
TWO:4442
|
$17.09K |
|
Bharat Seats Limited
NSE:BHARATSE
|
$17.08K |
|
Columbus Circle Capital Corp I Warrant
NASDAQ:CCCMW
|
$17.05K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in abrdn Asia Pacific Income Fund VCC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 120,616,705 to 106,644,260, a change of -13,972,445 (-11.6%).
- Net income of 5,397,200 contributed positively to equity growth.
- Dividend payments of 7,315,550 reduced retained earnings.
- Share repurchases of 12,054,100 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$5.40 Million | +5.06% |
| Dividends Paid | CA$7.32 Million | -6.86% |
| Share Repurchases | CA$12.05 Million | -11.3% |
| Other Changes | CA$5.00 | +0.0% |
| Total Change | CA$- | -11.58% |
Book Value vs Market Value Analysis
This analysis compares abrdn Asia Pacific Income Fund VCC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.23x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-10-31 | CA$2.17 | CA$2.67 | x |
| 2006-10-31 | CA$2.67 | CA$2.67 | x |
| 2007-10-31 | CA$7.87 | CA$2.67 | x |
| 2008-10-31 | CA$5.49 | CA$2.67 | x |
| 2009-10-31 | CA$6.85 | CA$2.67 | x |
| 2010-10-31 | CA$7.14 | CA$2.67 | x |
| 2011-10-31 | CA$6.85 | CA$2.67 | x |
| 2012-10-31 | CA$6.67 | CA$2.67 | x |
| 2013-10-31 | CA$5.73 | CA$2.67 | x |
| 2014-10-31 | CA$5.65 | CA$2.67 | x |
| 2015-10-31 | CA$5.10 | CA$2.67 | x |
| 2016-10-31 | CA$5.51 | CA$2.67 | x |
| 2017-10-31 | CA$5.16 | CA$2.67 | x |
| 2018-10-31 | CA$4.20 | CA$2.67 | x |
| 2019-10-31 | CA$4.53 | CA$2.67 | x |
| 2020-10-31 | CA$4.04 | CA$2.67 | x |
| 2021-10-31 | CA$3.63 | CA$2.67 | x |
| 2022-10-31 | CA$2.56 | CA$2.67 | x |
| 2023-10-31 | CA$2.95 | CA$2.67 | x |
| 2024-10-31 | CA$2.99 | CA$2.67 | x |
| 2025-10-31 | CA$3.20 | CA$2.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently abrdn Asia Pacific Income Fund VCC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.77%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.45x
- Recent ROE (5.06%) is above the historical average (2.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.77% | 0.00% | 0.00x | 1.01x | CA$-41.57 Million |
| 2006 | 6.87% | 0.00% | 0.00x | 1.34x | CA$-13.16 Million |
| 2007 | -2.43% | -27.12% | 0.06x | 1.52x | CA$-49.22 Million |
| 2008 | -24.99% | -184.37% | 0.09x | 1.48x | CA$-100.67 Million |
| 2009 | 27.96% | 315.85% | 0.06x | 1.39x | CA$63.55 Million |
| 2010 | 12.24% | 147.47% | 0.06x | 1.42x | CA$8.25 Million |
| 2011 | 4.27% | 45.01% | 0.07x | 1.41x | CA$-20.33 Million |
| 2012 | 6.36% | 68.54% | 0.06x | 1.44x | CA$-12.65 Million |
| 2013 | -6.02% | 0.00% | -0.03x | 1.41x | CA$-48.14 Million |
| 2014 | 8.82% | 89.19% | 0.07x | 1.42x | CA$-3.51 Million |
| 2015 | -1.25% | 0.00% | 0.00x | 1.40x | CA$-30.11 Million |
| 2016 | 15.59% | 93.39% | 0.12x | 1.38x | CA$16.07 Million |
| 2017 | 0.71% | 36.49% | 0.01x | 1.42x | CA$-24.84 Million |
| 2018 | -13.30% | 0.00% | -0.08x | 1.48x | CA$-50.30 Million |
| 2019 | 14.01% | 92.00% | 0.10x | 1.46x | CA$9.25 Million |
| 2020 | -5.70% | 0.00% | -0.03x | 1.39x | CA$-32.22 Million |
| 2021 | -3.89% | 0.00% | -0.02x | 1.42x | CA$-25.61 Million |
| 2022 | -19.35% | 0.00% | -0.12x | 1.45x | CA$-38.06 Million |
| 2023 | 16.32% | 270.80% | 0.04x | 1.48x | CA$8.01 Million |
| 2024 | 12.69% | 74.37% | 0.12x | 1.46x | CA$3.24 Million |
| 2025 | 5.06% | 48.77% | 0.07x | 1.45x | CA$-5.27 Million |
Industry Comparison
This section compares abrdn Asia Pacific Income Fund VCC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $398,436,303
- Average return on equity (ROE) among peers: -4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| abrdn Asia Pacific Income Fund VCC (FAP) | CA$106.64 Million | 2.77% | 0.45x | $17.13K |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Sprott Physical Gold and Silver Trust (CEF) | $1.20 Billion | -29.28% | 0.00x | $452.56K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| Dividend Growth Split Corp (DGS) | $296.85 Million | 37.60% | 1.53x | $52.33K |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |