Monthly Portfolio Investments Report on Form N-port (public) (nport-p)
November 22 2019 - 6:01AM
Edgar (US Regulatory)
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
September 30, 2019
(Unaudited)
Principal
Value
(Local
Currency)
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
(US Dollars)
|
FOREIGN SOVEREIGN BONDS AND NOTES (a) – 98.4%
|
|
|
Armenia – 0.9%
|
|
|
|
|
|
|
1,380,000
|
|
Republic of Armenia International Bond (USD) (b)
|
|
3.95%
|
|
09/26/29
|
|
$1,354,460
|
|
|
Australia – 4.1%
|
|
|
|
|
|
|
7,945,000
|
|
Treasury Corp. of Victoria (AUD)
|
|
6.00%
|
|
10/17/22
|
|
6,177,708
|
|
|
Bahrain – 1.5%
|
|
|
|
|
|
|
800,000
|
|
Bahrain Government International Bond (USD)
|
|
7.00%
|
|
01/26/26
|
|
900,214
|
1,400,000
|
|
Bahrain Government International Bond (USD) (b)
|
|
5.63%
|
|
09/30/31
|
|
1,414,841
|
|
|
|
|
2,315,055
|
|
|
Brazil – 6.1%
|
|
|
|
|
|
|
20,100,000
|
|
Brazil Notas do Tesouro Nacional, Series F (BRL)
|
|
10.00%
|
|
01/01/25
|
|
5,557,883
|
12,650,000
|
|
Brazil Notas do Tesouro Nacional, Series F (BRL)
|
|
10.00%
|
|
01/01/29
|
|
3,639,308
|
|
|
|
|
9,197,191
|
|
|
Canada – 3.8%
|
|
|
|
|
|
|
6,181,000
|
|
Canadian Government Bond (CAD)
|
|
8.00%
|
|
06/01/23
|
|
5,747,814
|
|
|
Costa Rica – 0.9%
|
|
|
|
|
|
|
720,000
|
|
Costa Rica Government International Bond (USD)
|
|
4.25%
|
|
01/26/23
|
|
706,507
|
219,000
|
|
Costa Rica Government International Bond (USD)
|
|
7.00%
|
|
04/04/44
|
|
217,907
|
511,000
|
|
Costa Rica Government International Bond (USD)
|
|
7.16%
|
|
03/12/45
|
|
512,922
|
|
|
|
|
1,437,336
|
|
|
Czech Republic – 0.7%
|
|
|
|
|
|
|
20,910,000
|
|
Czech Republic Government Bond (CZK)
|
|
5.70%
|
|
05/25/24
|
|
1,072,078
|
|
|
Dominican Republic – 0.5%
|
|
|
|
|
|
|
660,000
|
|
Dominican Republic International Bond (USD)
|
|
5.50%
|
|
01/27/25
|
|
697,957
|
|
|
Ecuador – 3.2%
|
|
|
|
|
|
|
2,180,000
|
|
Ecuador Government International Bond (USD) (b)
|
|
8.75%
|
|
06/02/23
|
|
2,318,997
|
949,000
|
|
Ecuador Government International Bond (USD) (b)
|
|
10.75%
|
|
01/31/29
|
|
1,027,895
|
1,400,000
|
|
Ecuador Government International Bond (USD) (b)
|
|
9.50%
|
|
03/27/30
|
|
1,419,600
|
|
|
|
|
4,766,492
|
|
|
Egypt – 3.2%
|
|
|
|
|
|
|
11,200,000
|
|
Egypt Government Bond (EGP)
|
|
16.00%
|
|
06/11/22
|
|
716,588
|
474,000
|
|
Egypt Government International Bond (USD) (b)
|
|
7.60%
|
|
03/01/29
|
|
502,981
|
380,000
|
|
Egypt Government International Bond (USD) (b)
|
|
8.50%
|
|
01/31/47
|
|
403,555
|
1,730,000
|
|
Egypt Government International Bond (USD) (b)
|
|
7.90%
|
|
02/21/48
|
|
1,746,517
|
25,300,000
|
|
Egypt Treasury Bills (EGP)
|
|
(c)
|
|
04/28/20
|
|
1,439,201
|
|
|
|
|
4,808,842
|
|
|
El Salvador – 1.5%
|
|
|
|
|
|
|
900,000
|
|
El Salvador Government International Bond (USD)
|
|
5.88%
|
|
01/30/25
|
|
929,259
|
1,240,000
|
|
El Salvador Government International Bond (USD)
|
|
7.65%
|
|
06/15/35
|
|
1,336,112
|
|
|
|
|
2,265,371
|
|
|
France – 0.7%
|
|
|
|
|
|
|
561,000
|
|
French Republic Government Bond OAT (EUR)
|
|
3.25%
|
|
05/25/45
|
|
1,040,581
|
|
|
Germany – 0.6%
|
|
|
|
|
|
|
508,000
|
|
Bundesrepublik Deutschland Bundesanleihe (EUR)
|
|
2.50%
|
|
08/15/46
|
|
952,784
|
|
|
Ghana – 0.5%
|
|
|
|
|
|
|
770,000
|
|
Ghana Government International Bond (USD) (b)
|
|
7.63%
|
|
05/16/29
|
|
771,947
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Principal
Value
(Local
Currency)
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
(US Dollars)
|
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)
|
|
|
Indonesia – 3.4%
|
|
|
|
|
|
|
20,750,000,000
|
|
Indonesia Treasury Bond (IDR)
|
|
5.63%
|
|
05/15/23
|
|
$1,423,191
|
49,300,000,000
|
|
Indonesia Treasury Bond (IDR)
|
|
8.38%
|
|
03/15/34
|
|
3,681,090
|
|
|
|
|
5,104,281
|
|
|
Italy – 4.4%
|
|
|
|
|
|
|
2,762,000
|
|
Italy Buoni Poliennali Del Tesoro (EUR)
|
|
9.00%
|
|
11/01/23
|
|
4,101,892
|
1,600,000
|
|
Italy Buoni Poliennali Del Tesoro (EUR)
|
|
7.25%
|
|
11/01/26
|
|
2,559,325
|
|
|
|
|
6,661,217
|
|
|
Jamaica – 0.3%
|
|
|
|
|
|
|
304,000
|
|
Jamaica Government International Bond (USD)
|
|
7.88%
|
|
07/28/45
|
|
398,243
|
|
|
Japan – 9.9%
|
|
|
|
|
|
|
1,219,050,000
|
|
Japan Government Ten Year Bond (JPY)
|
|
0.10%
|
|
06/20/27
|
|
11,687,314
|
252,850,000
|
|
Japan Government Thirty Year Bond (JPY)
|
|
2.40%
|
|
03/20/37
|
|
3,261,433
|
|
|
|
|
14,948,747
|
|
|
Kenya – 0.4%
|
|
|
|
|
|
|
590,000
|
|
Kenya Government International Bond (USD)
|
|
6.88%
|
|
06/24/24
|
|
623,744
|
|
|
Malaysia – 2.1%
|
|
|
|
|
|
|
13,000,000
|
|
Malaysia Government Bond (MYR)
|
|
3.89%
|
|
03/15/27
|
|
3,186,098
|
|
|
Mexico – 4.7%
|
|
|
|
|
|
|
38,000,000
|
|
Mexican Bonos (MXN)
|
|
6.50%
|
|
06/09/22
|
|
1,917,350
|
20,000,000
|
|
Mexican Bonos (MXN)
|
|
10.00%
|
|
12/05/24
|
|
1,159,967
|
27,000,000
|
|
Mexican Bonos (MXN)
|
|
5.75%
|
|
03/05/26
|
|
1,296,326
|
51,000,000
|
|
Mexican Bonos (MXN)
|
|
7.75%
|
|
11/13/42
|
|
2,706,070
|
|
|
|
|
7,079,713
|
|
|
Nigeria – 2.7%
|
|
|
|
|
|
|
1,030,000,000
|
|
Nigeria Government Bond (NGN)
|
|
14.50%
|
|
07/15/21
|
|
2,851,430
|
663,000
|
|
Nigeria Government International Bond (USD) (b)
|
|
7.88%
|
|
02/16/32
|
|
699,776
|
513,000
|
|
Nigeria Government International Bond (USD) (b)
|
|
7.63%
|
|
11/28/47
|
|
507,670
|
|
|
|
|
4,058,876
|
|
|
Norway – 0.6%
|
|
|
|
|
|
|
7,511,000
|
|
Norway Government Bond (NOK) (b)
|
|
1.75%
|
|
02/17/27
|
|
856,982
|
|
|
Oman – 1.4%
|
|
|
|
|
|
|
1,400,000
|
|
Oman Government International Bond (USD) (b)
|
|
6.00%
|
|
08/01/29
|
|
1,395,996
|
770,000
|
|
Oman Government International Bond (USD) (b)
|
|
6.75%
|
|
01/17/48
|
|
728,613
|
|
|
|
|
2,124,609
|
|
|
Peru – 3.9%
|
|
|
|
|
|
|
16,000,000
|
|
Peruvian Government International Bond (PEN)
|
|
6.90%
|
|
08/12/37
|
|
5,813,805
|
|
|
Poland – 7.3%
|
|
|
|
|
|
|
14,444,000
|
|
Republic of Poland Government Bond (PLN)
|
|
2.50%
|
|
01/25/23
|
|
3,703,672
|
17,100,000
|
|
Republic of Poland Government Bond (PLN)
|
|
4.00%
|
|
10/25/23
|
|
4,644,624
|
10,000,000
|
|
Republic of Poland Government Bond (PLN)
|
|
2.50%
|
|
07/25/27
|
|
2,594,324
|
|
|
|
|
10,942,620
|
|
|
Portugal – 1.0%
|
|
|
|
|
|
|
1,088,000
|
|
Portugal Obrigacoes do Tesouro OT (EUR) (b)
|
|
5.65%
|
|
02/15/24
|
|
1,495,963
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Principal
Value
(Local
Currency)
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
(US Dollars)
|
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)
|
|
|
Qatar – 0.9%
|
|
|
|
|
|
|
1,100,000
|
|
Qatar Government International Bond (USD)
|
|
4.82%
|
|
03/14/49
|
|
$1,363,866
|
|
|
Russia – 6.6%
|
|
|
|
|
|
|
510,000,000
|
|
Russian Federal Bond - OFZ (RUB)
|
|
7.05%
|
|
01/19/28
|
|
7,974,299
|
90,000,000
|
|
Russian Federal Bond - OFZ (RUB)
|
|
7.70%
|
|
03/23/33
|
|
1,456,389
|
400,000
|
|
Russian Foreign Bond - Eurobond (USD)
|
|
5.88%
|
|
09/16/43
|
|
509,043
|
|
|
|
|
9,939,731
|
|
|
Rwanda – 1.0%
|
|
|
|
|
|
|
1,440,000
|
|
Rwanda International Government Bond (USD)
|
|
6.63%
|
|
05/02/23
|
|
1,559,359
|
|
|
Saudi Arabia – 1.1%
|
|
|
|
|
|
|
1,435,000
|
|
Saudi Government International Bond (USD) (b)
|
|
4.38%
|
|
04/16/29
|
|
1,613,930
|
|
|
South Africa – 3.4%
|
|
|
|
|
|
|
57,640,000
|
|
Republic of South Africa Government Bond (ZAR)
|
|
10.50%
|
|
12/21/26
|
|
4,250,403
|
850,000
|
|
Republic of South Africa Government International Bond (USD)
|
|
4.88%
|
|
04/14/26
|
|
879,503
|
|
|
|
|
5,129,906
|
|
|
Spain – 2.3%
|
|
|
|
|
|
|
2,111,000
|
|
Spain Government Bond (EUR) (b)
|
|
5.90%
|
|
07/30/26
|
|
3,247,642
|
100,000
|
|
Spain Government Bond (EUR) (b)
|
|
5.15%
|
|
10/31/44
|
|
212,443
|
|
|
|
|
3,460,085
|
|
|
Tanzania – 0.1%
|
|
|
|
|
|
|
96,674
|
|
Tanzania Government International Bond, 6 Mo. LIBOR + 6.00% (USD) (d)
|
|
7.99%
|
|
03/09/20
|
|
98,125
|
|
|
Turkey – 7.7%
|
|
|
|
|
|
|
47,500,000
|
|
Turkey Government Bond (TRY)
|
|
8.80%
|
|
09/27/23
|
|
7,267,576
|
28,600,000
|
|
Turkey Government Bond (TRY)
|
|
10.50%
|
|
08/11/27
|
|
4,426,492
|
|
|
|
|
11,694,068
|
|
|
Ukraine – 2.3%
|
|
|
|
|
|
|
1,370,000
|
|
Ukraine Government International Bond (USD) (b)
|
|
7.75%
|
|
09/01/24
|
|
1,449,928
|
1,200,000
|
|
Ukraine Government International Bond (EUR) (b)
|
|
6.75%
|
|
06/20/26
|
|
1,413,573
|
716,000
|
|
Ukraine Government International Bond (USD) (b)
|
|
(c)
|
|
05/31/40
|
|
671,339
|
|
|
|
|
3,534,840
|
|
|
United Kingdom – 2.7%
|
|
|
|
|
|
|
754,000
|
|
United Kingdom Gilt (GBP)
|
|
4.25%
|
|
12/07/27
|
|
1,222,265
|
1,250,000
|
|
United Kingdom Gilt (GBP)
|
|
4.25%
|
|
12/07/49
|
|
2,856,605
|
|
|
|
|
4,078,870
|
|
|
Total Foreign Sovereign Bonds and Notes
|
|
148,373,294
|
|
|
(Cost $146,018,940)
|
|
|
|
|
|
|
FOREIGN CORPORATE BONDS AND NOTES (a) (e) – 23.4%
|
|
|
Bahrain – 0.5%
|
|
|
|
|
|
|
680,000
|
|
Oil and Gas Holding (The) Co. BSCC (USD)
|
|
7.63%
|
|
11/07/24
|
|
772,379
|
|
|
Barbados – 0.5%
|
|
|
|
|
|
|
750,000
|
|
Sagicor Finance 2015 Ltd. (USD) (b)
|
|
8.88%
|
|
08/11/22
|
|
791,250
|
|
|
Brazil – 3.5%
|
|
|
|
|
|
|
780,000
|
|
CSN Resources S.A. (USD) (b)
|
|
7.63%
|
|
02/13/23
|
|
816,075
|
850,000
|
|
GTL Trade Finance, Inc. (USD)
|
|
7.25%
|
|
04/16/44
|
|
1,049,750
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Principal
Value
(Local
Currency)
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
(US Dollars)
|
FOREIGN CORPORATE BONDS AND NOTES (a) (e) (Continued)
|
|
|
Brazil (Continued)
|
|
|
|
|
|
|
1,550,000
|
|
OAS Finance Ltd. (USD) (f) (g) (h) (i)
|
|
8.88%
|
|
(j)
|
|
$11,625
|
460,000
|
|
OAS Investments GmbH (USD) (f) (g) (h)
|
|
8.25%
|
|
10/19/19
|
|
3,450
|
455,205
|
|
Odebrecht Drilling Norbe VIII/IX Ltd. (USD)
|
|
6.35%
|
|
12/01/21
|
|
452,934
|
1,148,000
|
|
Petrobras Global Finance BV (USD) (b)
|
|
5.09%
|
|
01/15/30
|
|
1,198,971
|
1,520,000
|
|
Petrobras Global Finance BV (USD)
|
|
6.90%
|
|
03/19/49
|
|
1,746,480
|
|
|
|
|
5,279,285
|
|
|
China – 0.4%
|
|
|
|
|
|
|
600,000
|
|
Shimao Property Holdings Ltd. (USD)
|
|
5.60%
|
|
07/15/26
|
|
613,748
|
|
|
Colombia – 0.3%
|
|
|
|
|
|
|
429,000
|
|
Banco GNB Sudameris S.A. (USD) (b) (i)
|
|
6.50%
|
|
04/03/27
|
|
445,628
|
|
|
Congo – 0.5%
|
|
|
|
|
|
|
720,000
|
|
HTA Group Ltd. (USD)
|
|
9.13%
|
|
03/08/22
|
|
752,602
|
|
|
Dominican Republic – 1.3%
|
|
|
|
|
|
|
1,860,000
|
|
AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad Itabo (USD) (b)
|
|
7.95%
|
|
05/11/26
|
|
1,987,875
|
|
|
Ecuador – 0.4%
|
|
|
|
|
|
|
484,000
|
|
International Airport Finance S.A. (USD) (b)
|
|
12.00%
|
|
03/15/33
|
|
539,055
|
|
|
Georgia – 1.0%
|
|
|
|
|
|
|
540,000
|
|
Bank of Georgia JSC (USD) (b)
|
|
6.00%
|
|
07/26/23
|
|
556,931
|
975,000
|
|
Georgian Oil and Gas Corp. JSC (USD) (b)
|
|
6.75%
|
|
04/26/21
|
|
1,015,012
|
|
|
|
|
1,571,943
|
|
|
Guatemala – 0.5%
|
|
|
|
|
|
|
735,000
|
|
Comunicaciones Celulares S.A. Via Comcel Trust (USD) (b)
|
|
6.88%
|
|
02/06/24
|
|
758,887
|
|
|
Honduras – 0.3%
|
|
|
|
|
|
|
396,000
|
|
Inversiones Atlantida S.A. (USD) (b)
|
|
8.25%
|
|
07/28/22
|
|
416,794
|
|
|
India – 0.7%
|
|
|
|
|
|
|
675,000
|
|
Adani Green Energy UP Ltd. / Prayatna Developers Pvt. Ltd. / Parampujya Solar Energy (USD) (b)
|
|
6.25%
|
|
12/10/24
|
|
706,489
|
400,000
|
|
Azure Power Solar Energy Pvt. Ltd. (USD) (b)
|
|
5.65%
|
|
12/24/24
|
|
401,700
|
|
|
|
|
1,108,189
|
|
|
Indonesia – 0.5%
|
|
|
|
|
|
|
760,000
|
|
Medco Platinum Road Pte Ltd. (USD) (b)
|
|
6.75%
|
|
01/30/25
|
|
764,147
|
|
|
Jamaica – 0.3%
|
|
|
|
|
|
|
474,695
|
|
Digicel Group One Ltd. (USD) (b)
|
|
8.25%
|
|
12/30/22
|
|
284,817
|
512,224
|
|
Digicel Group Two Ltd. (USD) (b)
|
|
8.25%
|
|
09/30/22
|
|
110,128
|
|
|
|
|
394,945
|
|
|
Kazakhstan – 1.5%
|
|
|
|
|
|
|
1,350,000
|
|
KazMunayGas National Co. JSC (USD)
|
|
4.75%
|
|
04/19/27
|
|
1,463,778
|
789,000
|
|
Tengizchevroil Finance Co. International Ltd. (USD) (b)
|
|
4.00%
|
|
08/15/26
|
|
825,838
|
|
|
|
|
2,289,616
|
|
|
Mexico – 1.8%
|
|
|
|
|
|
|
750,000
|
|
BBVA Bancomer S.A. (USD) (i)
|
|
5.13%
|
|
01/18/33
|
|
717,187
|
13,950,000
|
|
Petroleos Mexicanos (MXN)
|
|
7.19%
|
|
09/12/24
|
|
620,306
|
750,000
|
|
Sixsigma Networks Mexico SA de CV (USD) (b)
|
|
7.50%
|
|
05/02/25
|
|
744,750
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Principal
Value
(Local
Currency)
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
(US Dollars)
|
FOREIGN CORPORATE BONDS AND NOTES (a) (e) (Continued)
|
|
|
Mexico (Continued)
|
|
|
|
|
|
|
311,000
|
|
Unifin Financiera SAB de CV SOFOM ENR (USD) (b) (i)
|
|
8.88%
|
|
(j)
|
|
$277,571
|
400,000
|
|
Unifin Financiera SAB de CV SOFOM ENR (USD)
|
|
7.00%
|
|
01/15/25
|
|
397,800
|
|
|
|
|
2,757,614
|
|
|
Nigeria – 1.7%
|
|
|
|
|
|
|
600,000
|
|
IHS Netherlands Holdco BV (USD) (b)
|
|
8.00%
|
|
09/18/27
|
|
614,250
|
770,000
|
|
SEPLAT Petroleum Development Co., PLC (USD) (b)
|
|
9.25%
|
|
04/01/23
|
|
808,885
|
1,070,000
|
|
United Bank for Africa PLC (USD) (b)
|
|
7.75%
|
|
06/08/22
|
|
1,141,331
|
|
|
|
|
2,564,466
|
|
|
Oman – 0.6%
|
|
|
|
|
|
|
892,000
|
|
Oztel Holdings SPC Ltd. (USD) (b)
|
|
6.63%
|
|
04/24/28
|
|
900,648
|
|
|
Russia – 1.7%
|
|
|
|
|
|
|
1,045,000
|
|
Evraz Group S.A. (USD) (b)
|
|
5.38%
|
|
03/20/23
|
|
1,113,751
|
790,000
|
|
Gazprom OAO Via Gaz Capital S.A. (USD)
|
|
4.95%
|
|
03/23/27
|
|
855,629
|
600,000
|
|
GTH Finance BV (USD) (b)
|
|
7.25%
|
|
04/26/23
|
|
670,621
|
|
|
|
|
2,640,001
|
|
|
Saudi Arabia – 0.4%
|
|
|
|
|
|
|
554,000
|
|
Saudi Arabian Oil Co. (USD) (b)
|
|
4.25%
|
|
04/16/39
|
|
598,400
|
|
|
South Africa – 0.5%
|
|
|
|
|
|
|
690,000
|
|
Liquid Telecommunications Financing PLC (USD)
|
|
8.50%
|
|
07/13/22
|
|
683,742
|
|
|
Turkey – 1.6%
|
|
|
|
|
|
|
920,000
|
|
Hazine Mustesarligi Varlik Kiralama AS (USD) (b)
|
|
5.00%
|
|
04/06/23
|
|
916,538
|
744,000
|
|
Turkiye Vakiflar Bankasi TAO (USD)
|
|
6.00%
|
|
11/01/22
|
|
712,599
|
660,000
|
|
Yapi ve Kredi Bankasi AS (USD) (b) (i)
|
|
13.88%
|
|
(j)
|
|
713,130
|
|
|
|
|
2,342,267
|
|
|
Ukraine – 2.4%
|
|
|
|
|
|
|
770,000
|
|
Metinvest BV (USD) (b)
|
|
8.50%
|
|
04/23/26
|
|
820,681
|
860,000
|
|
MHP Lux S.A. (USD) (b)
|
|
6.95%
|
|
04/03/26
|
|
892,322
|
37,000,000
|
|
Ukreximbank Via Biz Finance PLC (UAH)
|
|
16.50%
|
|
03/02/21
|
|
1,531,273
|
367,500
|
|
Ukreximbank Via Biz Finance PLC (USD)
|
|
9.63%
|
|
04/27/22
|
|
383,894
|
|
|
|
|
3,628,170
|
|
|
Zambia – 0.5%
|
|
|
|
|
|
|
750,000
|
|
First Quantum Minerals Ltd. (USD)
|
|
7.50%
|
|
04/01/25
|
|
740,625
|
|
|
Total Foreign Corporate Bonds and Notes
|
|
35,342,276
|
|
|
(Cost $36,532,051)
|
|
|
|
|
|
|
Principal
Value
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
|
U.S. GOVERNMENT BONDS AND NOTES (a) – 13.5%
|
$2,919,000
|
|
United States Treasury Note
|
|
2.38%
|
|
05/15/27
|
|
3,076,295
|
10,416,000
|
|
United States Treasury Note
|
|
2.38%
|
|
05/15/29
|
|
11,062,931
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Principal
Value
|
|
Description
|
|
Stated
Coupon
|
|
Stated
Maturity
|
|
Value
|
U.S. GOVERNMENT BONDS AND NOTES (a) (Continued)
|
$4,695,000
|
|
United States Treasury Note
|
|
3.75%
|
|
11/15/43
|
|
$6,177,135
|
|
|
Total U.S. Government Bonds and Notes
|
|
20,316,361
|
|
|
(Cost $19,028,317)
|
|
|
|
|
|
|
|
Total Investments – 135.3%
|
204,031,931
|
|
(Cost $201,579,308) (k)
|
|
|
Outstanding Loans – (40.0)%
|
(60,272,815)
|
|
Net Other Assets and Liabilities – 4.7%
|
7,036,581
|
|
Net Assets – 100.0%
|
$150,795,697
|
Forward Foreign Currency Contracts
|
Settlement
Date
|
|
Counterparty
|
|
Amount
Purchased
|
|
Amount
Sold
|
|
Purchase
Value as of
9/30/2019
|
|
Sale
Value as of
9/30/2019
|
|
Unrealized
Appreciation/
(Depreciation)
|
11/21/19
|
|
CIT
|
|
BRL
|
3,549,000
|
|
USD
|
849,795
|
|
$ 851,277
|
|
$ 849,795
|
|
$ 1,482
|
11/21/19
|
|
BAR
|
|
INR
|
184,359,000
|
|
USD
|
2,542,532
|
|
2,587,003
|
|
2,542,532
|
|
44,471
|
10/10/19
|
|
UBS
|
|
PLN
|
547,000
|
|
USD
|
145,453
|
|
136,423
|
|
145,453
|
|
(9,030)
|
10/10/19
|
|
DB
|
|
TRY
|
32,851,000
|
|
USD
|
5,479,522
|
|
5,707,343
|
|
5,479,522
|
|
227,821
|
10/10/19
|
|
DB
|
|
USD
|
5,245,207
|
|
AUD
|
7,456,000
|
|
5,245,207
|
|
5,034,306
|
|
210,901
|
11/21/19
|
|
BAR
|
|
USD
|
880,674
|
|
BRL
|
3,564,000
|
|
880,674
|
|
854,875
|
|
25,799
|
10/10/19
|
|
UBS
|
|
USD
|
4,830,110
|
|
CAD
|
6,296,000
|
|
4,825,441
|
|
4,753,000
|
|
72,441
|
11/21/19
|
|
DB
|
|
USD
|
2,539,380
|
|
INR
|
184,359,000
|
|
2,539,380
|
|
2,587,003
|
|
(47,623)
|
10/10/19
|
|
CIT
|
|
USD
|
1,911,188
|
|
MXN
|
38,434,000
|
|
1,911,188
|
|
1,944,161
|
|
(32,973)
|
10/10/19
|
|
DB
|
|
USD
|
2,188,769
|
|
PLN
|
8,230,000
|
|
2,188,769
|
|
2,052,582
|
|
136,187
|
10/10/19
|
|
CIT
|
|
USD
|
5,721,964
|
|
TRY
|
32,851,000
|
|
5,721,964
|
|
5,797,175
|
|
(75,211)
|
10/10/19
|
|
CIT
|
|
USD
|
276,392
|
|
ZAR
|
3,913,000
|
|
276,392
|
|
258,010
|
|
18,382
|
10/10/19
|
|
UBS
|
|
USD
|
814,097
|
|
ZAR
|
11,610,000
|
|
814,097
|
|
765,526
|
|
48,571
|
Net Unrealized Appreciation (Depreciation)
|
|
$621,218
|
Counterparty Abbreviations
|
BAR
|
Barclays Bank
|
CIT
|
Citibank, NA
|
DB
|
Deutsche Bank
|
UBS
|
UBS
|
|
(a)
|
All of these securities are available to serve as collateral for the outstanding loans.
|
(b)
|
This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under 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 Aberdeen Standard Investments Inc. (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 September 30, 2019, securities noted as such amounted to $47,087,123 or 31.2% of net assets.
|
(c)
|
Zero coupon bond.
|
(d)
|
Floating rate security.
|
(e)
|
Portfolio securities are included in a country based upon their underlying credit exposure as determined by the Sub-Advisor.
|
(f)
|
This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under the 1933 Act, and may be resold in transactions
exempt from registration, normally to qualified institutional buyers. See Restricted Securities table.
|
(g)
|
This issuer is in default and interest is not being accrued by the Fund, nor paid by the issuer.
|
(h)
|
This issuer has filed for bankruptcy protection in a São Paulo state court.
|
(i)
|
Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at September 30, 2019. At a predetermined date, the fixed rate will
change to a floating rate or a variable rate.
|
(j)
|
Perpetual maturity.
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
(k)
|
Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2019, the aggregate gross unrealized appreciation
for all investments in which there was an excess of value over tax cost was $11,256,694 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was
$8,182,853. The net unrealized appreciation was $3,073,841. The amounts presented are inclusive of derivative contracts.
|
LIBOR
|
London Interbank Offered Rate
|
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 September 30, 2019 is as follows:
ASSETS TABLE
|
|
Total
Value at
9/30/2019
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
Foreign Sovereign Bonds and Notes*
|
$ 148,373,294
|
$ —
|
$ 148,373,294
|
$ —
|
Foreign Corporate Bonds and Notes*
|
35,342,276
|
—
|
35,342,276
|
—
|
U.S. Government Bonds and Notes
|
20,316,361
|
—
|
20,316,361
|
—
|
Total Investments
|
204,031,931
|
—
|
204,031,931
|
—
|
Forward Foreign Currency Contracts
|
786,055
|
—
|
786,055
|
—
|
Total
|
$ 204,817,986
|
$—
|
$ 204,817,986
|
$—
|
LIABILITIES TABLE
|
|
Total
Value at
9/30/2019
|
Level 1
Quoted
Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
Forward Foreign Currency Contracts
|
$ (164,837)
|
$ —
|
$ (164,837)
|
$ —
|
*
|
See Portfolio of Investments for country breakout.
|
Restricted Securities
As of September 30, 2019,
the Fund held restricted securities as shown in the following table that the Sub-Advisor has deemed illiquid.
Security
|
Acquisition
Date
|
Principal
Value/Shares
|
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
|
|
0.01%
|
OAS Investments GmbH, 8.25%, 10/19/19
|
10/12/2012
|
460,000
|
0.75
|
460,000
|
|
3,450
|
|
0.00
|
|
|
|
|
$2,010,000
|
|
$15,075
|
|
0.01%
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Credit Quality†
|
% of Total
Fixed-Income
Investments
|
AAA
|
16.7%
|
AA
|
2.5
|
AA-
|
1.2
|
A+
|
8.4
|
A
|
5.4
|
A-
|
9.9
|
BBB
|
12.2
|
BBB-
|
4.4
|
BB+
|
3.1
|
BB
|
5.0
|
BB-
|
13.2
|
B+
|
6.2
|
B
|
5.2
|
B-
|
3.8
|
CCC
|
0.3
|
CC
|
0.0*
|
Not Rated
|
2.5
|
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
Standard & Poor’s Ratings Group, a division of the McGraw-Hill Companies, Inc., 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 credit worthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change.
|
|
|
*
|
Amount is less than 0.1%.
|
Industry Classification
|
% of Total
Investments
|
Sovereigns
|
80.1%
|
Government Regional
|
3.0
|
Integrated Oils
|
2.5
|
Banks
|
2.3
|
Exploration & Production
|
2.3
|
Metals & Mining
|
2.2
|
Wireless Telecommunication Services
|
1.3
|
Utilities
|
1.0
|
Government Development Banks
|
0.9
|
Power Generation
|
0.6
|
Pipelines
|
0.5
|
Food & Beverage
|
0.4
|
Life Insurance
|
0.4
|
Manufactured Goods
|
0.4
|
Software & Services
|
0.4
|
Wireline Telecommunication Services
|
0.3
|
Commercial Finance
|
0.3
|
Industrial Other
|
0.3
|
Real Estate
|
0.3
|
Transportation & Logistics
|
0.3
|
Oil & Gas Services & Equipment
|
0.2
|
Total
|
100.0%
|
First Trust/Aberdeen Global Opportunity
Income Fund (FAM)
Portfolio of Investments
(Continued)
September 30, 2019
(Unaudited)
Currency Exposure
Diversification
|
% of Total
Investments†
|
USD
|
47.7%
|
EUR
|
7.3
|
JPY
|
7.3
|
TRY
|
5.7
|
RUB
|
4.6
|
BRL
|
4.5
|
PLN
|
4.4
|
PEN
|
2.8
|
MXN
|
2.8
|
IDR
|
2.5
|
GBP
|
2.0
|
ZAR
|
1.6
|
MYR
|
1.6
|
NGN
|
1.4
|
EGP
|
1.1
|
UAH
|
0.7
|
AUD
|
0.6
|
CZK
|
0.5
|
CAD
|
0.5
|
NOK
|
0.4
|
INR
|
0.0*
|
Total
|
100.0%
|
†
|
The weightings include the impact of currency forwards.
|
*
|
Amount is less than 0.1%.
|
Currency Abbreviations
|
AUD
|
Australian Dollar
|
BRL
|
Brazilian Real
|
CAD
|
Canadian Dollar
|
CZK
|
Czech Republic Koruna
|
EGP
|
Egyptian Pound
|
EUR
|
Euro
|
GBP
|
British Pound Sterling
|
IDR
|
Indonesian Rupiah
|
INR
|
Indian Rupee
|
JPY
|
Japanese Yen
|
MXN
|
Mexican Peso
|
MYR
|
Malaysian Ringgit
|
NGN
|
Nigerian Naira
|
NOK
|
Norwegian Krone
|
PEN
|
Peruvian Nuevo Sol
|
PLN
|
Polish Zloty
|
RUB
|
Russian Ruble
|
TRY
|
Turkish Lira
|
UAH
|
Ukrainian Hryvnia
|
USD
|
United States Dollar
|
ZAR
|
South African Rand
|
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