Aberdeen Global Income Fund, Inc. Announces Performance Data And Portfolio
PHILADELPHIA, Jan. 7, 2013
PHILADELPHIA, Jan.7, 2013 /PRNewswire/ --Aberdeen Global Income Fund, Inc.
(the "Fund") (NYSE MKT: FCO), a closed-end bond fund, announced today its
performance data and portfolio composition as of November 30, 2012.
The Fund's total returns for various periods through November 30, 2012 are
provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price, and are stated net-of-fees):
Period NAV Total Return % Market Price Total Return %
Cumulative Annualized Cumulative Annualized
456.7 8.6 415.9 8.2
10-years 186.4 11.1 217.0 12.2
5-years 59.2 9.7 75.2 11.9
3-years 42.7 12.6 34.2 10.3
1-year 11.9 7.4
The Fund's returns, which are denominated in U.S. dollars, are affected by the
performance of the U.S. dollar against the various currencies listed below.
As of November 30, 2012, the portfolio was invested as follows:
Currency Exposure % * Geographic Exposure %
Australia 22.9 22.2
United Kingdom 9.5 12.2
Canada 11.3 11.8
New Zealand 15.8 19.7
United States ** 30.9 1.3
Europe (ex UK) 3.2 10.6
Asia 0.9 4.0
Emerging Markets 5.5 18.2
*Currency allocations include impact of all foreign forward currency exchange
contracts. **Of which 21.2% is invested in US$ denominated bonds
issued by foreign issuers.
As of November 30, 2012, the top ten holdings of the portfolio based on total
assets were as follows:
Holding Coupon / Maturity (%)
United Kingdom Gilt 4.25%, 12/07/49 7.4
Australia Government Bond 5.75%, 07/15/22 5.5
New Zealand Government Bond 5.50%, 04/15/23 4.8
New Zealand Government Bond 6.00%, 05/15/21 4.8
New Zealand Government Bond 6.00%, 04/15/15 3.8
United Kingdom Gilt 8.00%, 12/07/15 3.6
Australian Government Bond 5.75%, 05/15/21 3.4
Treasury Corporation of Victoria 5.75%, 11/15/16 2.3
Canadian Government Bond 9.00%, 06/01/25 2.2
Australia Government Bond 5.50%, 04/21/23 2.2
As of November 30, 2012 the holdings of the portfolio represented
approximately 78.7% sovereign and state government securities, 17.8%
corporates, 2.8% supranationals and 0.7% cash.
As of November 30, 2012, the Fund's net assets, including US$40 million in
bank borrowing, amounted to US$168.5 million with a net asset value per share
of common stock of US$13.92.
As of November 30, 2012, 64.0% of the portfolio was invested in securities
where either the issue or the issuer was rated "A" or better, or judged by the
Investment Manager to be of equivalent quality. The credit quality and
maturity breakdown of the portfolio was as follows:
Credit Quality (%)
AAA/Aaa AA/Aa A BBB/Baa BB/Ba B CCC
44.7 12.4 6.9 20.6 8.9 6.2 0.3
<3 Years 3-5 Years 5-10 Years >10 Years
19.3 17.8 35.2 27.7
As of November 30, 2012, the average maturity of the portfolio was 9.8 years.
The Fund has in place leverage in the form of a syndicated loan facility that
renews annually. The outstanding balance on the loan as of November 30, 2012
is US$40,000,000, which represents no change from the previous month.
The leverage is used with the intent of enhancing returns by borrowing at
interest rates that are lower than the relatively higher yields of the
emerging market fixed income securities in which the Fund invests. The Fund
has entered into interest rate swap agreements in order to fix the interest
payable on a portion of the bank loan facility. Details regarding the
revolving credit loan facility and the interest rate swap agreements are
contained in the Fund's annual and semi-annual reports to shareholders.
Aberdeen Asset Management Inc., the Fund's Administrator, has prepared this
report based on information sources believed to be accurate and reliable.
However, the figures are unaudited and neither the Fund, the Administrator,
Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen
Asset Management Limited (the Investment Adviser), Aberdeen Asset Managers
Limited (the Sub-Adviser), nor any other person guarantees their accuracy.
Investors should seek their own professional advice and should consider the
investment objectives, risks, charges and expenses before acting on this
information. Aberdeen is a U.S. registered service mark of Aberdeen Asset
Investors should consider a fund's investment objectives, risks, charges and
expenses carefully before investing. A copy of the prospectus for Aberdeen
Global Income Fund, Inc. that contains this and other information about the
fund may be obtained by calling 866-839-5233. Please read the prospectus
carefully before investing. Investing in funds involves risk, including
possible loss of principal.
Closed-end funds are traded on the secondary market through one of the stock
exchanges. The Fund's investment return and principal value will fluctuate so
that an investor's shares may be worth more or less than the original cost.
Shares of closed-end funds may trade above (a premium) or below (a discount)
the net asset value (NAV) of the fund's portfolio. There is no assurance that
the Fund will achieve its investment objective. Past performance does not
guarantee future results.
Total return figures with distributions reinvested at the dividend
reinvestment price are stated net-of-fees and represents past performance.
Past performance is not indicative of future results, current performance may
be higher or lower. Holdings are subject to change and are provided for
informational purposes only and should not be deemed as a recommendation to
buy or sell the securities shown. Inception date March 12, 1992.
If you wish to receive this information electronically, please contact
SOURCE Aberdeen Global Income Fund, Inc.
Contact: Aberdeen Asset Management Inc., Investor Relations, +1-866-839-5233,
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