First Trust/aberdeen Global Opportunity Income Fund: insider trades · United States · SEC (Form 4)

About First Trust/aberdeen Global Opportunity Income Fund

FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND was a U.S.-listed closed-end fund that traded on the NYSE under the ticker FAM. For investors, it was not an operating company in the industrial sense, but an income-focused listed investment vehicle within the asset-management universe. The fund was organized as a Massachusetts business trust on September 2, 2004, and registered with the SEC as a diversified closed-end management investment company. Its primary objective was to seek a high level of current income, with capital appreciation as a secondary objective. Regulatory filings indicate that the strategy centered on global bond markets, using a diversified portfolio of sovereign and corporate debt securities, spanning both investment-grade and below-investment-grade credit. Historically, the fund emerged from the First Trust / abrdn platform combination, pairing First Trust’s fund structuring and distribution capabilities with abrdn’s fixed-income investment expertise. In practical terms, the product was designed to give U.S. investors access to global fixed-income opportunities through an actively managed closed-end structure with exchange trading on the NYSE. Its operations were tied to First Trust Advisors and affiliated First Trust entities based in Lisle, Illinois, United States. For a French-speaking investor audience, the key point is that this was a portfolio management vehicle, not a manufacturing or service business, so the relevant analysis is fund strategy, leverage, credit quality, distribution policy, and discount/premium dynamics rather than revenues or product sales. In terms of competitive positioning, FAM sat in the niche but important segment of global bond closed-end funds. In that peer group, the main differentiators are yield generation, duration management, credit selection, and the ability to maintain a compelling distribution profile across market cycles. The fund’s global mandate gave it a diversification angle relative to U.S.-only income funds, which can be attractive to investors seeking exposure to non-U.S. sovereign and corporate credit. Its “product” was effectively a publicly traded share class representing exposure to that managed bond portfolio, with liquidity available on the NYSE market in the United States. The most important recent development was the 2024 reorganization: First Trust/abrdn Global Opportunity Income Fund was acquired into abrdn Income Credit Strategies Fund, effective September 20, 2024, in a tax-free transaction approved by the board and disclosed in SEC filings. As a result, the original fund ceased to exist as a standalone vehicle, and current analysis should focus on its legacy performance, its historical distributions, and the implications of the merger for shareholders. For investors tracking SEC Form 4 insider activity, that corporate event is the main contextual fact to keep in mind when interpreting filings and historical references to FAM.