First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments
March 31, 2023 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) | ||||
FOREIGN SOVEREIGN BONDS AND NOTES (a) – 73.2% | ||||||||
Angola – 1.6% | ||||||||
1,444,000 | Angolan Government International Bond (USD) (b) | 9.13% | 11/26/49 | $1,122,168 | ||||
Argentina – 1.7% | ||||||||
383,926 | Argentine Republic Government International Bond (USD) | 1.00% | 07/09/29 | 108,378 | ||||
385,881 | Argentine Republic Government International Bond (USD) (c) | 0.50% | 07/09/30 | 112,746 | ||||
2,949,672 | Argentine Republic Government International Bond (USD) (c) | 1.50% | 07/09/35 | 774,085 | ||||
543,200 | Argentine Republic Government International Bond (USD) (c) | 3.88% | 01/09/38 | 171,149 | ||||
1,166,358 | ||||||||
Australia – 5.7% | ||||||||
7,000,000 | Treasury Corp. of Victoria (AUD) | 1.50% | 11/20/30 | 3,971,082 | ||||
Bahrain – 1.5% | ||||||||
700,000 | Bahrain Government International Bond (USD) (d) | 4.25% | 01/25/28 | 647,728 | ||||
510,000 | Bahrain Government International Bond (USD) (b) | 6.25% | 01/25/51 | 400,649 | ||||
1,048,377 | ||||||||
Brazil – 7.8% | ||||||||
5,079,000 | Brazil Notas do Tesouro Nacional, Series F (BRL) | 10.00% | 01/01/27 | 943,359 | ||||
24,870,000 | Brazil Notas do Tesouro Nacional, Series F (BRL) | 10.00% | 01/01/29 | 4,438,148 | ||||
5,381,507 | ||||||||
Canada – 1.2% | ||||||||
1,251,000 | CPPIB Capital, Inc. (CAD) (b) | 1.95% | 09/30/29 | 842,544 | ||||
Colombia – 1.5% | ||||||||
5,213,000,000 | Colombia Government International Bond (COP) | 9.85% | 06/28/27 | 1,047,961 | ||||
Dominican Republic – 1.7% | ||||||||
31,450,000 | Dominican Republic International Bond (DOP) (b) | 9.75% | 06/05/26 | 562,940 | ||||
359,000 | Dominican Republic International Bond (USD) (d) | 5.50% | 02/22/29 | 339,014 | ||||
340,000 | Dominican Republic International Bond (USD) (b) | 5.88% | 01/30/60 | 260,960 | ||||
1,162,914 | ||||||||
Egypt – 1.8% | ||||||||
1,223,000 | Egypt Government International Bond (USD) (d) | 8.50% | 01/31/47 | 713,252 | ||||
928,000 | Egypt Government International Bond (USD) (b) | 7.90% | 02/21/48 | 516,904 | ||||
1,230,156 | ||||||||
Georgia – 1.0% | ||||||||
758,000 | Georgia Government International Bond (USD) (d) | 2.75% | 04/22/26 | 678,517 | ||||
Ghana – 0.3% | ||||||||
662,000 | Ghana Government International Bond (USD) (d) | 7.63% | 05/16/29 | 234,027 | ||||
Hungary – 1.7% | ||||||||
243,430,000 | Hungary Government Bond (HUF) | 2.50% | 10/24/24 | 600,612 | ||||
269,970,000 | Hungary Government Bond (HUF) | 3.00% | 10/27/27 | 586,605 | ||||
1,187,217 | ||||||||
Indonesia – 2.9% | ||||||||
27,094,000,000 | Indonesia Treasury Bond (IDR) | 8.38% | 03/15/34 | 2,004,788 | ||||
Iraq – 0.5% | ||||||||
375,000 | Iraq International Bond (USD) (b) | 5.80% | 01/15/28 | 350,590 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) | ||||
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued) | ||||||||
Ivory Coast – 1.0% | ||||||||
919,000 | Ivory Coast Government International Bond (EUR) (b) | 6.63% | 03/22/48 | $693,192 | ||||
Malaysia – 3.9% | ||||||||
11,800,000 | Malaysia Government Bond (MYR) | 3.89% | 03/15/27 | 2,704,473 | ||||
Mexico – 8.1% | ||||||||
20,000,000 | Mexican Bonos (MXN) | 10.00% | 12/05/24 | 1,102,716 | ||||
61,423,900 | Mexican Bonos (MXN) | 5.75% | 03/05/26 | 3,077,996 | ||||
28,833,400 | Mexican Bonos (MXN) | 7.75% | 11/13/42 | 1,396,220 | ||||
5,576,932 | ||||||||
Morocco – 0.8% | ||||||||
665,000 | Morocco Government International Bond (USD) (b) | 2.38% | 12/15/27 | 586,980 | ||||
New Zealand – 4.8% | ||||||||
3,708,000 | New Zealand Government Bond (NZD) | 0.50% | 05/15/24 | 2,208,407 | ||||
2,337,000 | New Zealand Government Bond (NZD) | 2.75% | 05/15/51 | 1,084,582 | ||||
3,292,989 | ||||||||
Nigeria – 0.2% | ||||||||
200,000 | Nigeria Government International Bond (USD) (d) | 7.63% | 11/28/47 | 128,036 | ||||
Oman – 2.7% | ||||||||
1,900,000 | Oman Government International Bond (USD) (d) | 7.00% | 01/25/51 | 1,854,601 | ||||
Peru – 3.1% | ||||||||
8,575,000 | Peruvian Government International Bond (PEN) (b) | 6.90% | 08/12/37 | 2,137,798 | ||||
Poland – 3.0% | ||||||||
12,836,000 | Republic of Poland Government Bond (PLN) | 1.75% | 04/25/32 | 2,110,736 | ||||
Qatar – 2.3% | ||||||||
1,733,000 | Qatar Government International Bond (USD) (b) | 4.40% | 04/16/50 | 1,607,902 | ||||
Rwanda – 0.6% | ||||||||
532,000 | Rwanda International Government Bond (USD) (d) | 5.50% | 08/09/31 | 385,439 | ||||
Saudi Arabia – 1.5% | ||||||||
1,045,000 | Saudi Government International Bond (USD) (d) | 4.38% | 04/16/29 | 1,044,409 | ||||
South Africa – 4.5% | ||||||||
67,727,100 | Republic of South Africa Government Bond (ZAR) | 9.00% | 01/31/40 | 3,095,553 | ||||
Turkey – 0.9% | ||||||||
566,000 | Turkey Government International Bond (USD) | 9.88% | 01/15/28 | 590,655 | ||||
United Kingdom – 2.8% | ||||||||
1,458,500 | United Kingdom Gilt (GBP) (b) | 4.25% | 06/07/32 | 1,919,655 | ||||
Uruguay – 1.0% | ||||||||
24,719,074 | Uruguay Government International Bond (UYU) | 4.38% | 12/15/28 | 671,915 | ||||
Uzbekistan – 1.1% | ||||||||
300,000 | National Bank of Uzbekistan (USD) (b) | 4.85% | 10/21/25 | 277,875 | ||||
623,000 | Republic of Uzbekistan International Bond (USD) (d) | 3.70% | 11/25/30 | 501,814 | ||||
779,689 | ||||||||
Total Foreign Sovereign Bonds and Notes | 50,609,160 | |||||||
(Cost $56,745,364) |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) | ||||
FOREIGN CORPORATE BONDS AND NOTES (a) (e) – 30.0% | ||||||||
Barbados – 0.5% | ||||||||
337,000 | Sagicor Financial Co., Ltd. (USD) (d) | 5.30% | 05/13/28 | $319,166 | ||||
Brazil – 1.9% | ||||||||
440,000 | Banco do Brasil S.A. (USD) (b) (f) | 6.25% | (g) | 400,070 | ||||
228,000 | BRF S.A. (USD) (d) | 5.75% | 09/21/50 | 152,136 | ||||
398,830 | Guara Norte Sarl (USD) (d) | 5.20% | 06/15/34 | 343,769 | ||||
500,000 | Itau Unibanco Holding S.A. (USD) (b) (f) | 4.63% | (g) | 376,275 | ||||
1,550,000 | OAS Finance Ltd. (USD) (f) (h) (i) (j) | 8.88% | (g) | 11,625 | ||||
460,000 | OAS Investments GmbH (USD) (h) (i) (j) | 8.25% | 10/19/19 | 3,450 | ||||
1,287,325 | ||||||||
Chile – 0.6% | ||||||||
468,000 | Empresa Nacional del Petroleo (USD) (d) | 3.45% | 09/16/31 | 387,926 | ||||
China – 1.5% | ||||||||
404,000 | Country Garden Holdings Co., Ltd. (USD) (b) | 7.25% | 04/08/26 | 256,540 | ||||
888,000 | Huarong Finance II Co., Ltd. (USD) (b) | 5.50% | 01/16/25 | 819,939 | ||||
1,076,479 | ||||||||
Colombia – 2.1% | ||||||||
831,000 | Ecopetrol S.A. (USD) | 5.38% | 06/26/26 | 794,366 | ||||
218,000 | Ecopetrol S.A. (USD) | 8.88% | 01/13/33 | 220,834 | ||||
600,000 | Empresas Publicas de Medellin ESP (USD) (b) | 4.38% | 02/15/31 | 433,675 | ||||
1,448,875 | ||||||||
Dominican Republic – 0.6% | ||||||||
491,000 | AES Espana BV (USD) (d) | 5.70% | 05/04/28 | 431,294 | ||||
Ecuador – 0.6% | ||||||||
470,759 | International Airport Finance S.A. (USD) (d) | 12.00% | 03/15/33 | 450,173 | ||||
Georgia – 1.2% | ||||||||
540,000 | Bank of Georgia JSC (USD) (d) | 6.00% | 07/26/23 | 541,361 | ||||
345,000 | Georgian Railway JSC (USD) (b) | 4.00% | 06/17/28 | 297,404 | ||||
838,765 | ||||||||
Ghana – 0.8% | ||||||||
900,000 | Tullow Oil PLC (USD) (b) | 7.00% | 03/01/25 | 534,592 | ||||
India – 2.1% | ||||||||
120,000,000 | HDFC Bank Ltd. (INR) (b) | 8.10% | 03/22/25 | 1,449,200 | ||||
Israel – 1.5% | ||||||||
480,000 | Energean Israel Finance Ltd. (USD) (b) (d) | 4.88% | 03/30/26 | 445,800 | ||||
600,000 | Teva Pharmaceutical Finance Netherlands III B.V. (USD) | 7.13% | 01/31/25 | 612,906 | ||||
1,058,706 | ||||||||
Kazakhstan – 0.9% | ||||||||
806,000 | KazMunayGas National Co. JSC (USD) (b) | 5.75% | 04/19/47 | 632,259 | ||||
Mexico – 3.8% | ||||||||
400,000 | BBVA Bancomer S.A. (USD) (b) (f) | 5.13% | 01/18/33 | 342,512 | ||||
237,000 | Braskem Idesa S.A.P.I. (USD) (d) | 6.99% | 02/20/32 | 179,077 | ||||
225,000 | Cemex SAB de CV (USD) (d) (f) | 9.13% | (g) | 225,608 | ||||
22,160,000 | Petroleos Mexicanos (MXN) (b) | 7.19% | 09/12/24 | 1,142,344 | ||||
570,000 | Petroleos Mexicanos (USD) | 7.69% | 01/23/50 | 402,670 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) | ||||
FOREIGN CORPORATE BONDS AND NOTES (a) (e) (Continued) | ||||||||
Mexico (Continued) | ||||||||
350,000 | Sixsigma Networks Mexico SA de CV (USD) (d) | 7.50% | 05/02/25 | $308,439 | ||||
2,600,650 | ||||||||
Nigeria – 2.0% | ||||||||
526,000 | Access Bank PLC (USD) (d) | 6.13% | 09/21/26 | 422,063 | ||||
464,000 | BOI Finance BV (EUR) (d) | 7.50% | 02/16/27 | 391,576 | ||||
270,000 | IHS Netherlands Holdco BV (USD) (d) | 8.00% | 09/18/27 | 240,062 | ||||
400,000 | SEPLAT Energy PLC (USD) (d) | 7.75% | 04/01/26 | 314,760 | ||||
1,368,461 | ||||||||
Oman – 1.5% | ||||||||
400,000 | Oryx Funding Ltd. (USD) (d) | 5.80% | 02/03/31 | 384,872 | ||||
652,000 | Oztel Holdings SPC Ltd. (USD) (d) | 6.63% | 04/24/28 | 677,823 | ||||
1,062,695 | ||||||||
Peru – 0.5% | ||||||||
522,000 | Petroleos del Peru S.A. (USD) (d) | 5.63% | 06/19/47 | 338,517 | ||||
Russia – 0.1% | ||||||||
500,000 | Sovcombank Via SovCom Capital DAC (USD) (f) (h) | 7.75% | (g) | 43,748 | ||||
Saudi Arabia – 0.9% | ||||||||
400,000 | Saudi Arabian Oil Co. (USD) (b) | 2.88% | 04/16/24 | 391,479 | ||||
234,000 | Saudi Arabian Oil Co. (USD) (d) | 4.25% | 04/16/39 | 210,219 | ||||
601,698 | ||||||||
Singapore – 0.7% | ||||||||
520,000 | Puma International Financing S.A. (USD) (b) | 5.00% | 01/24/26 | 463,691 | ||||
South Africa – 2.6% | ||||||||
530,000 | Eskom Holdings SOC Ltd. (USD) (b) | 7.13% | 02/11/25 | 521,483 | ||||
43,650,000 | Eskom Holdings SOC Ltd. (ZAR) | (k) | 12/31/32 | 519,730 | ||||
400,000 | Liquid Telecommunications Financing PLC (USD) (d) | 5.50% | 09/04/26 | 273,000 | ||||
300,000 | Sasol Financing USA LLC (USD) | 6.50% | 09/27/28 | 280,648 | ||||
200,000 | Transnet SOC Ltd. (USD) (d) | 8.25% | 02/06/28 | 199,483 | ||||
1,794,344 | ||||||||
Tanzania – 0.6% | ||||||||
452,000 | HTA Group Ltd. (USD) (d) | 7.00% | 12/18/25 | 430,010 | ||||
Trinidad And Tobago – 0.9% | ||||||||
632,000 | Heritage Petroleum Co., Ltd. (USD) (d) | 9.00% | 08/12/29 | 660,440 | ||||
Turkey – 0.3% | ||||||||
240,000 | Akbank TAS (USD) (b) (f) | 6.80% | 04/27/28 | 240,020 | ||||
Ukraine – 1.1% | ||||||||
467,000 | Kernel Holding S.A. (USD) (d) | 6.75% | 10/27/27 | 273,195 | ||||
567,000 | MHP Lux S.A. (USD) (b) | 6.95% | 04/03/26 | 287,628 | ||||
453,000 | NPC Ukrenergo (USD) (d) | 6.88% | 11/09/28 | 78,177 | ||||
460,000 | Ukraine Railways Via Rail Capital Markets PLC (USD) (b) | 8.25% | 07/09/26 | 94,365 | ||||
733,365 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) | ||||
FOREIGN CORPORATE BONDS AND NOTES (a) (e) (Continued) | ||||||||
Zambia – 0.7% | ||||||||
490,000 | First Quantum Minerals Ltd. (USD) (b) | 7.50% | 04/01/25 | $490,088 | ||||
Total Foreign Corporate Bonds and Notes | 20,742,487 | |||||||
(Cost $26,139,590) | ||||||||
CORPORATE BONDS AND NOTES (a) (e) – 0.8% | ||||||||
United States – 0.8% | ||||||||
24,587,000 | JPMorgan Chase Bank, N.A. (UAH) (d) | 11.67% | 11/27/23 | 541,692 | ||||
(Cost $931,920) | ||||||||
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES (a) – 18.8% | ||||||||
$2,783,500 | United States Treasury Note | 2.75% | 07/31/27 | 2,681,293 | ||||
9,432,200 | United States Treasury Note | 2.38% | 05/15/29 | 8,803,264 | ||||
2,038,500 | United States Treasury Note | 2.38% | 05/15/51 | 1,566,181 | ||||
Total U.S. Government Bonds and Notes | 13,050,738 | |||||||
(Cost $14,064,504) |
Total Investments – 122.8% | 84,944,077 | |
(Cost $97,881,378) | ||
Outstanding Loans – (24.0)% | (16,600,000) | |
Net Other Assets and Liabilities – 1.2% | 804,090 | |
Net Assets – 100.0% | $69,148,167 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Forward Foreign Currency Contracts | ||||||||||||||
Settlement Date | Counterparty | Amount Purchased | Amount Sold | Purchase Value as of 3/31/2023 | Sale Value as of 3/31/2023 | Unrealized Appreciation/ (Depreciation) | ||||||||
04/19/23 | GS | CAD | 587,000 | USD | 285,468 | $ 434,453 | $ 285,468 | $ 148,985 | ||||||
04/19/23 | BAR | EUR | 913,510 | USD | 986,114 | 991,756 | 986,114 | 5,642 | ||||||
04/19/23 | GS | GBP | 1,216,937 | USD | 1,472,858 | 1,501,807 | 1,472,858 | 28,949 | ||||||
04/19/23 | BAR | JPY | 113,241,000 | USD | 827,671 | 855,530 | 827,671 | 27,859 | ||||||
04/19/23 | GS | JPY | 66,412,794 | USD | 512,344 | 501,745 | 512,344 | (10,599) | ||||||
04/19/23 | DB | JPY | 274,734,000 | USD | 2,132,542 | 2,075,602 | 2,132,542 | (56,940) | ||||||
04/19/23 | GS | PLN | 9,683,287 | USD | 2,226,255 | 2,240,687 | 2,226,255 | 14,432 | ||||||
04/19/23 | CIT | USD | 4,814,583 | AUD | 6,875,000 | 4,814,583 | 4,598,710 | 215,873 | ||||||
05/24/23 | DB | USD | 1,610,969 | BRL | 8,460,000 | 1,610,969 | 1,652,934 | (41,965) | ||||||
04/19/23 | GS | USD | 991,194 | EUR | 913,510 | 991,194 | 991,756 | (562) | ||||||
04/19/23 | BAR | USD | 2,290,246 | GBP | 1,916,000 | 2,290,246 | 2,364,513 | (74,267) | ||||||
04/19/23 | GS | USD | 1,180,526 | NZD | 1,865,000 | 1,180,526 | 1,166,215 | 14,311 | ||||||
04/19/23 | BAR | USD | 2,221,061 | PLN | 9,729,000 | 2,221,061 | 2,251,265 | (30,204) | ||||||
04/19/23 | BAR | USD | 1,362,529 | ZAR | 23,037,000 | 1,362,529 | 1,291,662 | 70,867 | ||||||
Net Unrealized Appreciation / (Depreciation) | $312,381 |
Counterparty Abbreviations | |
BAR | Barclays Bank |
CIT | Citibank, NA |
DB | Deutsche Bank |
GS | Goldman Sachs |
(a) | All of these securities are available to serve as collateral for the outstanding loans. |
(b) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act. |
(c) | Step-up security. A security where the coupon increases or steps up at a predetermined date. Interest rate shown reflects the rate in effect at March 31, 2023. |
(d) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Fund’s Board of Trustees, this security has been determined to be liquid by abrdn Inc., the Fund’s sub-advisor (“abrdn” or the “Sub-Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At March 31, 2023, securities noted as such amounted to $15,747,475 or 22.8% of net assets. |
(e) | Portfolio securities are included in a country based upon their underlying credit exposure as determined by abrdn. |
(f) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at March 31, 2023. At a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
(g) | Perpetual maturity. |
(h) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. See Restricted Securities table. |
(i) | This issuer is in default and interest is not being accrued by the Fund, nor paid by the issuer. |
(j) | This issuer has filed for bankruptcy protection in a São Paulo state court. |
(k) | Zero coupon bond. |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Credit Quality† | % of Total Investments |
AAA | 20.2% |
AA | 6.6 |
AA- | 2.3 |
A+ | 1.9 |
A | 2.5 |
A- | 3.6 |
BBB+ | 11.4 |
BBB | 7.0 |
BBB- | 3.8 |
BB+ | 2.3 |
BB | 11.9 |
BB- | 10.3 |
B+ | 5.2 |
B | 1.5 |
B- | 3.0 |
CCC+ | 2.6 |
CCC- | 1.4 |
CC | 0.8 |
C | 0.3 |
Not Rated | 1.4 |
Total | 100.0% |
† | The credit quality and ratings information presented above reflect the ratings assigned by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody’s Investors Service, Inc., Fitch Ratings or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest ratings are used. Sub-investment grade ratings are those rated BB+/Ba1 or lower. Investment grade ratings are those rated BBB-/Baa3 or higher. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change. |
Industry Classification | % of Total Investments |
Sovereigns | 74.9% |
Banks | 5.1 |
Integrated Oils | 4.5 |
Utilities | 2.8 |
Exploration & Production | 2.3 |
Refining & Marketing | 1.4 |
Financial Services | 1.0 |
Industrial Other | 0.8 |
Wireless Telecommunication Services | 0.8 |
Pharmaceuticals | 0.7 |
Railroad | 0.7 |
Metals & Mining | 0.6 |
Chemicals | 0.5 |
Transportation & Logistics | 0.5 |
Food & Beverage | 0.5 |
Government Development Banks | 0.5 |
Oil & Gas Services & Equipment | 0.4 |
Life Insurance | 0.4 |
Software & Services | 0.4 |
Retail - Consumer Staples | 0.3 |
Wireline Telecommunications Services | 0.3 |
Real Estate | 0.3 |
Construction Materials Manufacturing | 0.3 |
Total | 100.0% |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Currency Exposure Diversification | % of Total Investments† |
USD | 58.3% |
MXN | 7.9 |
BRL | 4.4 |
JPY | 4.0 |
MYR | 3.2 |
ZAR | 2.7 |
PEN | 2.5 |
NZD | 2.5 |
PLN | 2.5 |
IDR | 2.3 |
INR | 1.7 |
CAD | 1.5 |
HUF | 1.4 |
EUR | 1.3 |
COP | 1.2 |
GBP | 1.2 |
UYU | 0.8 |
DOP | 0.7 |
UAH | 0.6 |
AUD | (0.7) |
Total | 100.0% |
† | The weightings include the impact of currency forwards. |
Currency Abbreviations | |
AUD | Australian Dollar |
BRL | Brazilian Real |
CAD | Canadian Dollar |
COP | Colombian Peso |
DOP | Dominican Peso |
EUR | Euro |
GBP | British Pound Sterling |
HUF | Hungarian Forint |
IDR | Indonesian Rupiah |
INR | Indian Rupee |
JPY | Japanese Yen |
MXN | Mexican Peso |
MYR | Malaysian Ringgit |
NZD | New Zealand Dollar |
PEN | Peruvian Nuevo Sol |
PLN | Polish Zloty |
UAH | Ukrainian Hryvnia |
USD | United States Dollar |
UYU | Uruguayan Peso |
ZAR | South African Rand |
Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.) |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
• | Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.
A summary of the inputs used to value the Fund’s investments as of March 31, 2023 is as follows:
ASSETS TABLE | ||||
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Foreign Sovereign Bonds and Notes* | $ 50,609,160 | $ — | $ 50,609,160 | $ — |
Foreign Corporate Bonds and Notes* | 20,742,487 | — | 20,742,487 | — |
U.S. Government Bonds and Notes | 13,050,738 | — | 13,050,738 | — |
Corporate Bonds and Notes* | 541,692 | — | 541,692 | — |
Total Investments | 84,944,077 | — | 84,944,077 | — |
Forward Foreign Currency Contracts | 526,918 | — | 526,918 | — |
Total | $ 85,470,995 | $— | $ 85,470,995 | $— |
LIABILITIES TABLE | ||||
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Forward Foreign Currency Contracts | $ (214,537) | $ — | $ (214,537) | $ — |
* | See Portfolio of Investments for country breakout. |
Restricted Securities
As of March 31, 2023, the Fund held restricted securities as shown in the following table that abrdn has deemed illiquid.
Security | Acquisition Date | Principal Value | Current Price | Carrying Cost | Value | % of Net Assets | ||
OAS Finance Ltd., 8.88% | 4/18/2013 | $1,550,000 | $0.75 | $1,550,000 | $11,625 | 0.02% | ||
OAS Investments GmbH, 8.25%, 10/19/19 | 10/12/2012 | 460,000 | 0.75 | 460,000 | 3,450 | 0.00 | ||
Sovcombank Via SovCom Capital DAC, 7.75% | 2/19/2020 | 500,000 | 8.75 | 511,643 | 43,748 | 0.06 | ||
$2,521,643 | $58,823 | 0.08% |