First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments
March 31, 2024 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) |
FOREIGN SOVEREIGN BONDS AND NOTES (a) – 73.1% | ||||
Angola – 1.8% | ||||
1,444,000 | Angolan Government International Bond (USD) (b) | 9.13 % | 11/26/49 | $1,225,739 |
Argentina – 2.1% | ||||
2,949,672 | Argentine Republic Government International Bond (USD) (c) | 3.63 % | 07/09/35 | 1,230,269 |
543,200 | Argentine Republic Government International Bond (USD) (c) | 4.25 % | 01/09/38 | 253,019 |
1,483,288 | ||||
Australia – 5.5% | ||||
7,000,000 | Treasury Corp. of Victoria (AUD) | 1.50 % | 11/20/30 | 3,835,263 |
Bahrain – 1.3% | ||||
500,000 | Bahrain Government International Bond (USD) (d) | 4.25 % | 01/25/28 | 467,425 |
510,000 | Bahrain Government International Bond (USD) (b) | 6.25 % | 01/25/51 | 424,581 |
892,006 | ||||
Brazil – 8.5% | ||||
5,079,000 | Brazil Notas do Tesouro Nacional, Series F (BRL) | 10.00 % | 01/01/27 | 1,010,898 |
24,870,000 | Brazil Notas do Tesouro Nacional, Series F (BRL) | 10.00 % | 01/01/29 | 4,866,713 |
5,877,611 | ||||
Canada – 1.2% | ||||
1,251,000 | CPPIB Capital, Inc. (CAD) (b) | 1.95 % | 09/30/29 | 836,297 |
Colombia – 2.0% | ||||
6,025,900,000 | Colombian TES (COP) | 9.25 % | 05/28/42 | 1,378,203 |
Dominican Republic – 1.6% | ||||
359,000 | Dominican Republic International Bond (USD) (d) | 5.50 % | 02/22/29 | 349,400 |
25,050,000 | Dominican Republic International Bond (DOP) (d) | 11.25 % | 09/15/35 | 460,395 |
340,000 | Dominican Republic International Bond (USD) (b) | 5.88 % | 01/30/60 | 289,953 |
1,099,748 | ||||
Ecuador – 2.4% | ||||
3,169,400 | Ecuador Government International Bond (USD) (b) (c) | 3.50 % | 07/31/35 | 1,676,439 |
Egypt – 2.9% | ||||
1,223,000 | Egypt Government International Bond (USD) (d) | 8.50 % | 01/31/47 | 973,337 |
928,000 | Egypt Government International Bond (USD) (b) | 7.90 % | 02/21/48 | 706,013 |
18,000,000 | Egypt Treasury Bills (EGP) | (e) | 09/10/24 | 339,759 |
2,019,109 | ||||
Georgia – 0.3% | ||||
200,000 | Georgia Government International Bond (USD) (d) | 2.75 % | 04/22/26 | 186,526 |
Ghana – 0.5% | ||||
662,000 | Ghana Government International Bond (USD) (d) (f) | 7.63 % | 05/16/29 | 342,379 |
Hungary – 2.5% | ||||
243,430,000 | Hungary Government Bond (HUF) | 2.50 % | 10/24/24 | 650,702 |
440,780,000 | Hungary Government Bond (HUF) | 3.00 % | 10/27/27 | 1,070,215 |
1,720,917 | ||||
Indonesia – 0.3% | ||||
3,259,000,000 | Indonesia Treasury Bond (IDR) | 8.38 % | 03/15/34 | 230,268 |
Iraq – 1.1% | ||||
808,500 | Iraq International Bond (USD) (b) | 5.80 % | 01/15/28 | 762,953 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) |
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued) | ||||
Ivory Coast – 1.2% | ||||
919,000 | Ivory Coast Government International Bond (EUR) (b) | 6.63 % | 03/22/48 | $810,627 |
Kenya – 1.1% | ||||
873,000 | Republic of Kenya Government International Bond (USD) (b) | 8.25 % | 02/28/48 | 753,312 |
Mexico – 8.7% | ||||
20,000,000 | Mexican Bonos (MXN) | 10.00 % | 12/05/24 | 1,194,455 |
33,450,000 | Mexican Bonos (MXN) | 5.75 % | 03/05/26 | 1,862,456 |
58,574,400 | Mexican Bonos (MXN) | 7.75 % | 11/13/42 | 2,993,815 |
6,050,726 | ||||
Morocco – 0.5% | ||||
400,000 | Morocco Government International Bond (USD) (b) | 2.38 % | 12/15/27 | 357,143 |
New Zealand – 4.6% | ||||
3,708,000 | New Zealand Government Bond (NZD) | 0.50 % | 05/15/24 | 2,202,738 |
2,337,000 | New Zealand Government Bond (NZD) | 2.75 % | 05/15/51 | 953,152 |
3,155,890 | ||||
Nigeria – 0.7% | ||||
634,000 | Nigeria Government International Bond (USD) (d) | 7.63 % | 11/28/47 | 494,133 |
Oman – 2.4% | ||||
1,590,000 | Oman Government International Bond (USD) (d) | 7.00 % | 01/25/51 | 1,677,463 |
Peru – 3.2% | ||||
8,575,000 | Peruvian Government International Bond (PEN) (b) | 6.90 % | 08/12/37 | 2,192,336 |
Poland – 4.1% | ||||
14,913,000 | Republic of Poland Government Bond (PLN) | 1.75 % | 04/25/32 | 2,863,432 |
Qatar – 2.2% | ||||
1,733,000 | Qatar Government International Bond (USD) (b) | 4.40 % | 04/16/50 | 1,534,168 |
Rwanda – 0.6% | ||||
532,000 | Rwanda International Government Bond (USD) (d) | 5.50 % | 08/09/31 | 433,100 |
Saudi Arabia – 1.1% | ||||
745,000 | Saudi Government International Bond (USD) (d) | 4.38 % | 04/16/29 | 730,835 |
Senegal – 0.9% | ||||
858,000 | Senegal Government International Bond (USD) (b) | 6.75 % | 03/13/48 | 638,898 |
Turkey – 3.0% | ||||
290,000 | Istanbul Metropolitan Municipality (USD) (d) | 10.50 % | 12/06/28 | 311,039 |
1,617,000 | Turkey Government International Bond (USD) | 9.38 % | 01/19/33 | 1,801,322 |
2,112,361 | ||||
Ukraine – 0.3% | ||||
572,000 | Ukraine Government International Bond (USD) (b) (f) | 7.75 % | 09/01/29 | 189,383 |
United Kingdom – 2.7% | ||||
1,458,500 | United Kingdom Gilt (GBP) (b) | 4.25 % | 06/07/32 | 1,899,609 |
Uruguay – 1.1% | ||||
25,903,745 | Uruguay Government International Bond (UYU) | 4.38 % | 12/15/28 | 733,252 |
Uzbekistan – 0.7% | ||||
300,000 | National Bank of Uzbekistan (USD) (b) | 4.85 % | 10/21/25 | 290,265 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) |
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued) | ||||
Uzbekistan (Continued) | ||||
260,000 | Republic of Uzbekistan International Bond (USD) (d) | 3.70 % | 11/25/30 | $217,546 |
507,811 | ||||
Total Foreign Sovereign Bonds and Notes | 50,701,225 | |||
(Cost $51,805,475) | ||||
FOREIGN CORPORATE BONDS AND NOTES (a) (g) – 28.5% | ||||
Barbados – 0.5% | ||||
337,000 | Sagicor Financial Co., Ltd. (USD) (d) | 5.30 % | 05/13/28 | 321,448 |
Brazil – 3.4% | ||||
440,000 | Banco do Brasil S.A. (USD) (b) (h) | 6.25 % | (i) | 442,650 |
228,000 | BRF S.A. (USD) (d) | 5.75 % | 09/21/50 | 181,515 |
375,274 | Guara Norte Sarl (USD) (d) | 5.20 % | 06/15/34 | 342,689 |
500,000 | Itau Unibanco Holding S.A. (USD) (b) (h) | 4.63 % | (i) | 470,366 |
291,000 | Minerva Luxembourg S.A. (USD) (d) | 8.88 % | 09/13/33 | 306,359 |
1,550,000 | OAS Finance Ltd. (USD) (f) (h) (j) (k) | 8.88 % | (i) | 11,625 |
460,000 | OAS Investments GmbH (USD) (f) (j) (k) | 8.25 % | 10/19/19 | 3,450 |
687,358 | Samarco Mineracao S.A. (USD) (b) (l) | 9.50 % | 06/30/31 | 620,786 |
2,379,440 | ||||
Chile – 0.6% | ||||
468,000 | Empresa Nacional del Petroleo (USD) (d) | 3.45 % | 09/16/31 | 401,450 |
China – 0.7% | ||||
468,000 | Huarong Finance II Co., Ltd. (USD) (b) | 5.50 % | 01/16/25 | 464,532 |
Colombia – 1.3% | ||||
410,000 | Ecopetrol S.A. (USD) | 8.88 % | 01/13/33 | 433,926 |
600,000 | Empresas Publicas de Medellin ESP (USD) (b) | 4.38 % | 02/15/31 | 501,675 |
935,601 | ||||
Dominican Republic – 0.7% | ||||
491,000 | AES Espana BV (USD) (d) | 5.70 % | 05/04/28 | 453,198 |
Ecuador – 0.7% | ||||
460,946 | International Airport Finance S.A. (USD) (d) | 12.00 % | 03/15/33 | 488,956 |
Georgia – 0.5% | ||||
345,000 | Georgian Railway JSC (USD) (b) | 4.00 % | 06/17/28 | 315,227 |
India – 2.8% | ||||
160,000,000 | HDFC Bank Ltd. (INR) (b) | 8.10 % | 03/22/25 | 1,922,694 |
Israel – 1.7% | ||||
312,000 | Bank Leumi Le-Israel BM (USD) (b) (d) (h) | 7.13 % | 07/18/33 | 308,439 |
551,310 | Energean Israel Finance Ltd. (USD) (b) (d) | 8.50 % | 09/30/33 | 546,899 |
300,000 | Teva Pharmaceutical Finance Netherlands III B.V. (USD) | 7.13 % | 01/31/25 | 301,911 |
1,157,249 | ||||
Kazakhstan – 1.0% | ||||
806,000 | KazMunayGas National Co. JSC (USD) (b) | 5.75 % | 04/19/47 | 702,136 |
Mexico – 3.5% | ||||
400,000 | BBVA Bancomer S.A. (USD) (b) (h) | 5.13 % | 01/18/33 | 372,037 |
237,000 | Braskem Idesa S.A.P.I. (USD) (d) | 6.99 % | 02/20/32 | 184,128 |
225,000 | Cemex SAB de CV (USD) (d) (h) | 9.13 % | (i) | 244,570 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Principal Value (Local Currency) | Description | Stated Coupon | Stated Maturity | Value (US Dollars) |
FOREIGN CORPORATE BONDS AND NOTES (a) (g) (Continued) | ||||
Mexico (Continued) | ||||
22,160,000 | Petroleos Mexicanos (MXN) (b) | 7.19 % | 09/12/24 | $1,296,622 |
350,000 | Sixsigma Networks Mexico SA de CV (USD) (d) | 7.50 % | 05/02/25 | 337,583 |
2,434,940 | ||||
Nigeria – 2.3% | ||||
526,000 | Access Bank PLC (USD) (d) | 6.13 % | 09/21/26 | 488,549 |
464,000 | BOI Finance BV (EUR) (d) | 7.50 % | 02/16/27 | 474,696 |
270,000 | IHS Netherlands Holdco BV (USD) (d) | 8.00 % | 09/18/27 | 258,176 |
400,000 | SEPLAT Energy PLC (USD) (d) | 7.75 % | 04/01/26 | 389,693 |
1,611,114 | ||||
Oman – 0.4% | ||||
250,000 | EDO Sukuk Ltd. (USD) (d) | 5.88 % | 09/21/33 | 255,070 |
Peru – 0.5% | ||||
522,000 | Petroleos del Peru S.A. (USD) (d) | 5.63 % | 06/19/47 | 351,128 |
Russia – 0.0% | ||||
500,000 | Sovcombank Via SovCom Capital DAC (USD) (f) (h) (j) | 7.75 % | (i) | 14,841 |
Singapore – 0.7% | ||||
520,000 | Puma International Financing S.A. (USD) (b) | 5.00 % | 01/24/26 | 504,481 |
South Africa – 2.5% | ||||
530,000 | Eskom Holdings SOC Ltd. (USD) (b) | 7.13 % | 02/11/25 | 527,673 |
43,650,000 | Eskom Holdings SOC Ltd. (ZAR) | (e) | 12/31/32 | 504,718 |
400,000 | Liquid Telecommunications Financing PLC (USD) (d) | 5.50 % | 09/04/26 | 236,480 |
300,000 | Sasol Financing USA LLC (USD) | 6.50 % | 09/27/28 | 287,707 |
200,000 | Transnet SOC Ltd. (USD) (d) | 8.25 % | 02/06/28 | 199,389 |
1,755,967 | ||||
Tanzania – 0.6% | ||||
452,000 | HTA Group Ltd. (USD) (d) | 7.00 % | 12/18/25 | 451,810 |
Trinidad And Tobago – 1.0% | ||||
632,000 | Heritage Petroleum Co., Ltd. (USD) (d) | 9.00 % | 08/12/29 | 667,076 |
Turkey – 0.9% | ||||
352,000 | WE Soda Investments Holdings PLC (USD) (d) | 9.50 % | 10/06/28 | 366,409 |
262,000 | Yapi ve Kredi Bankasi AS (USD) (d) (h) | 9.25 % | 01/17/34 | 269,891 |
636,300 | ||||
Ukraine – 1.8% | ||||
467,000 | Kernel Holding S.A. (USD) (d) | 6.75 % | 10/27/27 | 347,681 |
567,000 | MHP Lux S.A. (USD) (b) | 6.95 % | 04/03/26 | 476,030 |
453,000 | NPC Ukrenergo (USD) (d) (f) | 6.88 % | 11/09/28 | 173,431 |
460,000 | Ukraine Railways Via Rail Capital Markets PLC (USD) (b) (f) | 8.25 % | 07/09/26 | 276,355 |
1,273,497 | ||||
Zambia – 0.4% | ||||
285,000 | First Quantum Minerals Ltd. (USD) (d) | 8.63 % | 06/01/31 | 277,399 |
Total Foreign Corporate Bonds and Notes | 19,775,554 | |||
(Cost $23,417,286) |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value |
U.S. GOVERNMENT BONDS AND NOTES (a) – 18.2% | ||||
$2,038,500 | United States Treasury Bond | 2.38 % | 05/15/51 | $1,384,508 |
2,783,500 | United States Treasury Note | 2.75 % | 07/31/27 | 2,644,053 |
9,432,200 | United States Treasury Note | 2.38 % | 05/15/29 | 8,630,831 |
Total U.S. Government Bonds and Notes | 12,659,392 | |||
(Cost $14,094,067) |
Total Investments – 119.8% | 83,136,171 | |
(Cost $89,316,828) | ||
Outstanding Loan – (23.9)% | (16,600,000 ) | |
Net Other Assets and Liabilities – 4.1% | 2,876,729 | |
Net Assets – 100.0% | $69,412,900 |
Forward Foreign Currency Contracts | ||||||||
Settlement Date | Counterparty | Amount Purchased | Amount Sold | Purchase Value as of 3/31/2024 | Sale Value as of 3/31/2024 | Unrealized Appreciation/ (Depreciation) | ||
04/17/24 | DB | AUD | 1,462,000 | USD | 959,840 | $953,242 | $959,840 | $(6,598 ) |
04/17/24 | DB | CAD | 587,000 | USD | 439,170 | 433,477 | 439,170 | (5,693 ) |
04/17/24 | GS | GBP | 54,000 | USD | 68,754 | 68,163 | 68,754 | (591 ) |
04/17/24 | CIT | JPY | 454,387,794 | USD | 3,173,975 | 3,010,505 | 3,173,975 | (163,470 ) |
04/17/24 | CIT | ZAR | 28,794,544 | USD | 1,507,941 | 1,517,957 | 1,507,941 | 10,016 |
04/17/24 | CIT | USD | 4,605,377 | AUD | 6,875,000 | 4,605,377 | 4,482,586 | 122,791 |
05/10/24 | GS | USD | 1,703,862 | BRL | 8,460,000 | 1,703,862 | 1,679,925 | 23,937 |
04/17/24 | BAR | USD | 889,017 | GBP | 698,347 | 889,017 | 881,512 | 7,505 |
04/17/24 | DB | USD | 1,162,376 | NZD | 1,865,000 | 1,162,376 | 1,114,273 | 48,103 |
04/17/24 | DB | USD | 1,801,297 | ZAR | 33,888,132 | 1,801,297 | 1,786,475 | 14,822 |
Net Unrealized Appreciation / (Depreciation) | $50,822 |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
(a) | All of these securities are available to serve as collateral for the outstanding loan. |
(b) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (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, 2024. |
(d) | 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. 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, 2024, securities noted as such amounted to $15,967,690 or 23.0% of net assets. |
(e) | Zero coupon bond. |
(f) | This issuer is in default and interest is not being accrued by the Fund. |
(g) | Portfolio securities are included in a country based upon their underlying credit exposure as determined by abrdn. |
(h) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at March 31, 2024. At a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
(i) | Perpetual maturity. |
(j) | 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. |
(k) | This issuer has filed for bankruptcy protection in a São Paulo state court. |
(l) | This note is a Payment-in-kind (“PIK”) Toggle Note whereby the issuer may pay interest on the note (1) entirely in cash, (2) entirely in PIK interest or (3) a combination of both. Interest paid will accrue on the notes at a rate of 9% per annum. For the fiscal year to date period (January 1, 2024 to March 31, 2024), the Fund received 19,963 shares in PIK interest. |
Abbreviations throughout the Portfolio of Investments: | |
AUD | – Australian Dollar |
BAR | – Barclays Bank |
BRL | – Brazilian Real |
CAD | – Canadian Dollar |
CIT | – Citibank, NA |
COP | – Colombian Peso |
DB | – Deutsche Bank |
DOP | – Dominican Republic Peso |
EGP | – Egyptian Pound |
EUR | – Euro |
GBP | – British Pound Sterling |
GS | – Goldman Sachs |
HUF | – Hungarian Forint |
IDR | – Indonesian Rupiah |
INR | – Indian Rupee |
JPY | – Japanese Yen |
MXN | – Mexican Peso |
NZD | – New Zealand Dollar |
PEN | – Peruvian Nuevo Sol |
PLN | – Polish Zloty |
USD | – United States Dollar |
UYU | – Uruguayan Peso |
ZAR | – South African Rand |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Credit Quality† | % of Total Investments |
AAA | 20.0% |
AA | 6.5 |
AA- | 2.3 |
A+ | 0.9 |
A | 3.4 |
A- | 0.5 |
BBB+ | 12.4 |
BBB | 6.2 |
BBB- | 3.9 |
BB+ | 3.1 |
BB | 12.1 |
BB- | 4.2 |
B+ | 6.0 |
B | 4.4 |
B- | 8.5 |
CCC+ | 0.3 |
CCC | 2.4 |
CC | 1.6 |
Not Rated | 1.3 |
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 | 76.2% |
Banks | 5.2 |
Integrated Oils | 2.9 |
Utilities | 2.6 |
Exploration & Production | 1.9 |
Metals & Mining | 1.5 |
Refining & Marketing | 1.5 |
Food & Beverage | 1.2 |
Railroad | 0.9 |
Industrial Other | 0.9 |
Oil & Gas Services & Equipment | 0.7 |
Transportation & Logistics | 0.6 |
Government Development Banks | 0.6 |
Chemicals | 0.6 |
Financial Services | 0.5 |
Retail - Consumer Staples | 0.4 |
Software & Services | 0.4 |
Life Insurance | 0.4 |
Pharmaceuticals | 0.4 |
Construction Materials Manufacturing | 0.3 |
Wireline Telecommunications Services | 0.3 |
Total | 100.0% |
Currency Exposure Diversification | % of Total Investments†† |
USD | 60.8% |
MXN | 8.8 |
BRL | 5.0 |
JPY | 3.6 |
PLN | 3.4 |
PEN | 2.6 |
NZD | 2.5 |
INR | 2.3 |
HUF | 2.1 |
COP | 1.7 |
EUR | 1.5 |
CAD | 1.5 |
GBP | 1.3 |
UYU | 0.9 |
DOP | 0.6 |
EGP | 0.4 |
AUD | 0.4 |
ZAR | 0.3 |
IDR | 0.3 |
Total | 100.0% |
†† | The weightings include the impact of currency forwards. |
First Trust/abrdn Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
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.)
•
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, 2024 is as follows:
ASSETS TABLE | ||||
Total Value at 3/31/2024 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Foreign Sovereign Bonds and Notes* | $50,701,225 | $— | $50,701,225 | $— |
Foreign Corporate Bonds and Notes* | 19,775,554 | — | 19,775,554 | — |
U.S. Government Bonds and Notes | 12,659,392 | — | 12,659,392 | — |
Total Investments | 83,136,171 | — | 83,136,171 | — |
Forward Foreign Currency Contracts | 227,174 | — | 227,174 | — |
Total | $83,363,345 | $— | $83,363,345 | $— |
LIABILITIES TABLE | ||||
Total Value at 3/31/2024 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Forward Foreign Currency Contracts | $(176,352 ) | $— | $(176,352 ) | $— |
* | See Portfolio of Investments for country breakout. |
Restricted Securities
As of March 31, 2024, the Fund held restricted securities as shown in the following table that abrdn has deemed illiquid pursuant to procedures adopted by the Fund’s Board of Trustees.
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 | 2.97 | 511,643 | 14,841 | 0.02 |
$2,521,643 | $29,916 | 0.04 % | ||||
** Amount is less than 0.01% |