MGF - Aberdeen Government Markets Income Fund

What this means for you

Sit Investment has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. Oct 1, 2026

   Sit Investment raised its stake to 37.3% (from 36.7%), as a passive investor.

   Original document →

2. Sept 14, 2026

   Sit Investment Associates raised its stake to 36.7% (from 34.8%). It has said it may push for changes.

   Original document →

3. Aug 14, 2026

   Sit Investment raised its stake to 34.8% (from 33.7%). It has said it may push for changes.

   Original document →

4. July 10, 2026

   Sit Investment raised its stake to 33.7% (from 32.7%). It has said it may push for changes.

   Original document →

5. June 15, 2026

   Sit Investment raised its stake to 32.7% (from 31.5%). It has said it may push for changes.

   Original document →

About this fund

• Run by abrdn. At its last yearly report (Nov 30, 2025) the fund was run by Massachusetts Financial Services Company. As of Nov 30, 2025, from the fund's yearly report. Original document →
• Size: about $97.2 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.5% a year in management fees; 0.8% a year in total, including interest on borrowed money. Fiscal year ended Nov 30, 2025. As of Nov 30, 2025, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 4 charge a lower management fee and 3 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Nov 30, 2025) the fund paid $0.23 a share. $0.11 of that was income; $0.12 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Nov 30, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Nov 30, 2025): $3.19. The shares traded at $3.13, about 1.9% below that. As of Nov 30, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 1.7% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1994.

How this has changed

• Payouts per share: $0.23 in the fiscal year ended Nov 30, 2025; $0.24 in the year ended Nov 30, 2024; $0.25 in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.12 in the year ended Nov 30, 2025; $0.12 in the year ended Nov 30, 2024; $0.14 in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 0.8% a year in the fiscal year ended Nov 30, 2025; 0.8% a year in the year ended Nov 30, 2024; 0.8% a year in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $104 million at Nov 30, 2025; $106 million at Nov 30, 2024; $108 million at Nov 30, 2023. From the fund's quarterly holdings reports. Original documents: Nov 30, 2025 →, Nov 30, 2024 →, Nov 30, 2023 →.
• Borrowing: none at Nov 30, 2025; 3% at Nov 30, 2024; 5% at Nov 30, 2023. From the fund's quarterly holdings reports. Original documents: Nov 30, 2025 →, Nov 30, 2024 →, Nov 30, 2023 →.
• The fund had about 32.6 million shares at Nov 30, 2025, about the same as at Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Nov 30, 2025: the shares returned +7.4%, counting payouts; the holdings +5.4%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Nov 30, 2025, from the fund's annual report. Original document →
• The year ended Nov 30, 2024: the shares returned +10%, counting payouts; the holdings +6.6%. As of Nov 30, 2024, from the fund's annual report. Original document →
• The year ended Nov 30, 2023: the shares returned -1.9%, counting payouts; the holdings +1%. As of Nov 30, 2023, from the fund's annual report. Original document →
• The year ended Nov 30, 2022: the shares returned -14.2%, counting payouts; the holdings -12.3%. As of Nov 30, 2022, from the fund's annual report. Original document →
• The year ended Nov 30, 2021: the shares returned -0.8%, counting payouts; the holdings -1.3%. As of Nov 30, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned -1.4%. $10,000 of shares bought at the start (Dec 1, 2020) would have become about $9,860 by Nov 30, 2025, with every payout counted, before tax. As of Nov 30, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: -0.3%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly bonds (63%), the rest mortgage bonds and asset-backed bonds. About 95% issued in the U.S.

1. United States Treasury - 46%
2. Oracle - 0.7%
3. Cash and short-term - 0.7%
4. Chicago IL, City of Chicago IL - 0.6%
5. Fannie Mae Pool - 0.6%
6. Government National Mortgage Association, Ginnie Mae II Pool - 0.6%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →