THW: A Global Healthcare Fund With 11% Yield But Overpays The Distribution

Abrdn World Healthcare Fund offers an 11.3% yield with global healthcare exposure, split nearly 50:50 between the U.S. and Europe. THW's distribution is largely funded by return of capital, with 60% of payouts as ROC over the past five years, raising sustainability concerns. Performance has a mixed record, with recent outperformance, but long-term performance is a bit lackluster, with a 7% annualized return since inception and some NAV erosion over time.