In plain terms — abrdn World Healthcare Fund
Shares currently cost about 1.5% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 1.9% discount, so today's level is not wide for this fund (Z-score -0.9). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 10.8% a year of the share price (10.6% 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 $1.01 of assets — a ReinvestCapture™ rate of 11.0%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 4.4% over the past year including distributions (NAV total return).
Annual costs are 3.00% of assets, and the fund borrows: about 15% of what it holds is financed with leverage, which magnifies both gains and losses.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -1.91% | 1.77% | -1.01 | 55 |
| 6 months | -1.33% | 2.28% | -1.04 | 106 |
| 1 year | -1.91% | 2.06% | -0.87 | 207 |
| 3 years | +0.41% | — | — | — |
| 5 years | +3.81% | — | — | — |
Current contemporaneous premium/discount -3.71% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -5.63% to +4.37%. 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 | -12.33% | -9.34% | -6.57% | -7.94% | +0.71% | -6.29% |
| Market price total return | -11.58% | -6.97% | +1.37% | +2.67% | +12.91% | +4.29% |
| NAV return | -8.55% | -9.95% | -4.54% | -6.20% | +1.67% | -4.08% |
| NAV total return | -7.75% | -7.63% | +3.45% | +4.38% | +14.05% | +7.18% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Under the stewardship of Tekla Capital Management LLC, the Tekla World Healthcare Fund functions as a balanced, closed-end mutual fund. Its investment mandate extends to publicly traded stocks and debt instruments spanning international markets. A primary focus for its equity allocations is businesses within the healthcare industry, while the debt component of its portfolio largely comprises corporate bonds. Established on June 26, 2015, this fund is headquartered in the United States.
CEF Explorer research page for abrdn World Healthcare Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.