First Trust group discloses 16.62% FAX stake in abrdn Asia-Pacific Income Fund (NYSE: FAX)
Rhea-AI Filing Summary
abrdn Asia-Pacific Income Fund, Inc. (common stock, CUSIP 003009867) has a large shareholder group disclosure on a Schedule 13G/A. First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation report beneficial ownership of 6,859,307 shares, representing 16.62% of the outstanding common shares as of the event date of 12/31/2025.
The reporting persons state they have no sole voting or dispositive power and report shared dispositive power over 6,859,307 shares, with no shared voting power. The position is primarily held through unit investment trusts sponsored by First Trust Portfolios L.P. and other investment vehicles advised by First Trust Advisors L.P., and each reporting person disclaims beneficial ownership of these shares. They certify the securities are held in the ordinary course of business and not for the purpose of influencing control of the fund.
Positive
- None.
Negative
- None.
FAQ
Who is the major shareholder reported for abrdn Asia-Pacific Income Fund (FAX)?
The Schedule 13G/A identifies First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation as reporting persons with a significant position in abrdn Asia-Pacific Income Fund, Inc.
How many FAX shares do the First Trust entities report owning?
The reporting group discloses beneficial ownership of 6,859,307 common shares of abrdn Asia-Pacific Income Fund, Inc.
What percentage of abrdn Asia-Pacific Income Fund’s common stock is held by the First Trust group?
The Schedule 13G/A states that the reporting persons’ 6,859,307 shares represent 16.62% of the outstanding common shares of abrdn Asia-Pacific Income Fund, Inc.
Do the First Trust entities have voting power over their FAX holdings?
The filing reports no sole or shared voting power over the shares. The 6,859,307 shares are reported with shared dispositive power only, and voting is handled by the trustees of the unit investment trusts in line with their governing documents.
How are the FAX shares held by the First Trust group structured?
First Trust Portfolios L.P. sponsors unit investment trusts that hold shares of abrdn Asia-Pacific Income Fund, Inc., and First Trust Advisors L.P. serves as portfolio supervisor and investment adviser for certain vehicles. The filing notes that no individual unit investment trust holds more than 3% of any registered investment company issuer’s shares.
Do the First Trust entities intend to influence control of abrdn Asia-Pacific Income Fund (FAX)?
The certification states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Do the reporting persons claim full beneficial ownership of their FAX position?
The Schedule 13G/A explicitly notes that First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation each disclaim beneficial ownership of the shares identified in the filing.