The transition marks a comprehensive change in oversight for the Philadelphia-based fund. Alongside the appointment of abrdn Inc. as the new investment adviser, shareholders have installed a new board of trustees. The incoming board, led by Chair Todd Reit, officially took office following the conclusion of the New York Stock Exchange trading session on July 2.

While the management structure has shifted, the fund’s underlying investment objectives and fundamental policies remain unchanged. A team-based approach will be utilized by abrdn’s Global Fixed Income division, with day-to-day operations overseen by portfolio managers Bill Bellinzoni, Bill Hines, Anthony Merola, and Jonathan Mondillo. The fund’s CUSIP number, 55273C107, also remains unaffected by the transition.