In plain terms — abrdn Healthcare Opportunities Fund
Shares currently cost about 5.1% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 1.5% discount, so today's level is somewhat wide for this fund (Z-score -1.8). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 11.3% a year of the share price (10.7% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.05 of assets — a ReinvestCapture™ rate of 11.9%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 16.6% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -4.79% | 1.37% | -2.16 | 55 |
| 6 months | -2.39% | 3.88% | -1.39 | 106 |
| 1 year | -1.53% | 3.45% | -1.81 | 208 |
| 3 years | -4.44% | — | — | — |
| 5 years | -5.93% | — | — | — |
Current contemporaneous premium/discount -7.76% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -10.01% to +4.57%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -7.36% | -3.85% | -7.27% | -0.45% | +1.95% | -4.83% |
| Market price total return | -6.54% | -1.16% | +1.03% | +11.66% | +13.59% | +4.30% |
| NAV return | -4.07% | -3.15% | -0.10% | +4.03% | -1.85% | -4.28% |
| NAV total return | -3.25% | -0.56% | +8.81% | +16.58% | +8.94% | +4.43% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Managed by Tekla Capital Management LLC, the Tekla Healthcare Opportunities Fund operates as a closed-end, balanced mutual fund. This fund strategically allocates capital across global public equity and debt markets, with a core investment objective of acquiring securities from companies within the healthcare sector. It also invests in various pooled investment vehicles. For its fixed income component, the fund holds corporate debt securities across the full spectrum of credit ratings. Established on April 2, 2014, and domiciled in the United States, its portfolio performance is measured against both the S&P 1500 Healthcare Index and the S&P 500 Index.
CEF Explorer research page for abrdn Healthcare Opportunities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.