Aberdeen Asia-Pacific Income Fund, Inc. Announces Performance Data and
PHILADELPHIA, Aug. 2, 2013
PHILADELPHIA, Aug. 2, 2013 /PRNewswire/ --Aberdeen Asia-Pacific Income Fund,
Inc. (the "Fund") (NYSE MKT: FAX), a closed-end bond fund, announced today its
performance data and portfolio composition as of June 30, 2013.
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The Fund's total returns for various periods through June 30, 2013 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
Since Inception 929.1
9.0 838.3 8.6
10-years 119.5 8.2 118.1 8.1
5-years 41.1 7.1 44.2 7.6
3-years 25.8 7.9 21.7 6.8
1-year -4.2 -14.2
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 June 30, 2013, the portfolio was invested as follows:
Currency Exposure % Geographic Exposure %
Australia 40.6 36.9
New Zealand 0.1 0.1
Canada - 0.1
United States* 41.2 4.4
United Kingdom - 1.3
Norway - 0.8
Germany - 1.5
Netherlands - 0.7
South Korea 4.0 8.8
Philippines 2.4 5.6
Malaysia 2.1 7.0
Singapore 3.3 3.5
Thailand 1.2 5.2
Hong Kong - 5.0
Indonesia 1.4 6.1
China 1.8 8.4
India 1.7 4.3
Sri Lanka 0.2 0.3
* Of which 37.5% invested in US$ denominated bonds issued by foreign issuers.
As of June 30, 2013, the top ten holdings of the portfolio based on total
assets were as follows:
Holding Coupon / Maturity (%)
Treasury Corporation of Victoria 5.75%, 11/15/2016 5.4
Australia Government Bond 5.50%, 01/21/2018 4.3
Australia Government Bond 5.75%, 07/15/2022 3.2
Australia Government Bond 4.50%, 10/21/2014 2.4
Queensland Treasury Corporation 6.25%, 06/14/2019 2.0
Australia Government Bond 5.50%, 04/21/2023 1.9
Treasury Corporation of Victoria 6.00%, 10/17/2022 1.5
Queensland Treasury Corporation 6.00%, 06/14/2021 1.3
Korea Treasury Bond 3.50%, 03/10/2017 1.3
Malaysia Government Bond 3.58%, 09/28/2018 1.3
As of June 30, 2013 the holdings of the portfolio represented approximately
53.6% sovereign and state government securities, 5.0% supranationals, 36.5%
corporates, 4.5% cash and 0.4% mortgage backed securities.
As of June 30, 2013, the Fund's net assets, including $600 million in
leverage, amounted to US$2,417.6 million with a net asset value per share of
As of June 30, 2013, 71.1% of the portfolio was invested in securities where
either the issue or the issuer was rated "A" or better by multiple rating
agencies. The credit quality and maturity breakdown of the portfolio was as
Credit Quality (%)
AAA/Aaa AA/Aa A BBB/Baa BB/Ba B NR
34.6 13.3 23.2 12.4 13.0 1.8 1.7
<3 Years 3-5 Years 5-10 Years >10 Years
21.0 26.2 43.6 9.2
As of June 30, 2013, the average maturity of the portfolio was 6.9 years.
The Fund utilizes various forms of leverage as detailed in the Fund's most
recent semi-annual reports to shareholders. The outstanding balance of all
leverage as of June 30, 2013 is $600,000,000, which represents no change from
the previous month.
As of June 30, 2013, the Fund's leverage consists of $50 million in 10-year
privately issued mandatorily redeemable preferred stock, $100 million in
7-year privately placed senior secured notes, $100 million in 10-year
privately placed senior secured notes,$100 million in a 3-year term loan,
$100 million in a 5-year term loan, and $150 million in a 364-day syndicated
revolving credit facility.
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
Asia-Pacific Income Fund, Inc. that contains this and other information about
the fund may be obtained by calling 800-522-5465. 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.
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 April 25, 1986.
If you wish to receive this information electronically, please contact:
SOURCE Aberdeen Asia-Pacific Income Fund, Inc.
Contact: Aberdeen Asset Management Inc. Investor Relations, 800-522-5465,
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