Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
02 Novembro 2009 - 3:28PM
PR Newswire (US)
PHILADELPHIA, Nov. 2 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (the "Fund") (NYSE Amex: FCO), a closed-end bond
fund, announced today its performance data and portfolio
composition as of September 30, 2009. The Fund's total returns for
various periods through September 30, 2009 are provided below. (All
figures are based on distributions reinvested at the dividend
reinvestment price, and are stated net-of-fees): Market Price
Period NAV Total Return % Total Return % Cumulative Annualized
Cumulative Annualized Since Inception (March 1992) 279.4 7.9 257.3
7.5 10-years 117.7 8.1 170.5 10.5 5-years 37.4 6.6 41.5 7.2 3-years
20.5 6.4 24.7 7.6 1-year 17.1 42.7 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
September 30, 2009, the portfolio was invested as follows: Currency
Exposure % * Geographic Exposure % Australia 23.1 23.0 United
Kingdom 1.2 10.4 Canada 11.3 14.6 New Zealand 12.5 19.7 United
States ** 46.0 1.5 Europe (ex UK) 1.6 7.1 Asia 1.0 8.1 Emerging
Markets 3.3 15.6 * Currency allocations include impact of all
foreign forward currency exchange contracts. ** Of which 21.0% is
invested in US$ denominated bonds issued by foreign issuers. As of
September 30, 2009, 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 8.5 New Zealand Government 6.00%,
12/15/17 3.1 Canadian Government 10.25%, 03/15/14 2.7 Canadian
Government 9.00%, 06/01/25 2.2 Quebec Hydro 9.625%, 07/15/22 2.0
Canadian Government 8.00%, 06/01/23 2.0 Western Australia Treasury
Corporation 8.00%, 07/15/17 1.9 Western Australia Treasury
Corporation 8.00%, 06/15/13 1.8 Rabo Australia, Ltd. 6.25%,
11/22/11 1.6 Republic of Argentina 7.00%, 03/28/11 1.6 TOTAL 27.4
As of September 30, 2009 the holdings of the portfolio represented
approximately 59.3% sovereign and state government securities, 3.1%
supranationals, 36.3% corporates and 1.3% cash. As of September 30,
2009, the Fund's net assets, including US$30 million in bank
borrowing, amounted to US$135.3 million with a net asset value per
share of common stock of US$11.70. As of September 30, 2009, 69.4%
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 NR 41.5 14.2 13.7 9.1 17.0
4.0 0.2 0.3 As of September 30, 2009, the average credit quality of
the portfolio was A+. Maturity (%) 10 Years 28.9 18.1 30.6 22.4 As
of September 30, 2009, the average maturity of the portfolio was
9.6 years. A revolving credit loan facility, in the amount of
$30,000,000, was entered into on March 7, 2008 with the Bank of
Nova Scotia, in order to fund the redemption of the Fund's Auction
Market Preferred Stock ("AMPS") that took place in March 2008. 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 an aggregate notional amount
of $21 million, which represents 70% 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. Important Information
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 Management Investment
Services 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 Management PLC. 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 DATASOURCE: Aberdeen
Global Income Fund, Inc. CONTACT: Investor Relations of Aberdeen
Asset Management Inc., +1-866-839-5233,
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