Statement of Investments
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
CORPORATE BONDS—78.1% | ||||||||||
AUSTRALIA—5.8% | ||||||||||
USD | 6,000 | Australia & New Zealand Banking Group Ltd., (fixed rate to 06/15/2026, variable rate thereafter), 6.75%, 06/15/2026 (a)(b) | $ | 7,050,000 | ||||||
USD | 6,845 | Macquarie Bank Ltd., 3.62%, 06/03/2030 (b) | 7,333,859 | |||||||
AUD | 20,000 | New South Wales Treasury Corp., 2.00%, 03/20/2031 | 15,378,031 | |||||||
USD | 4,000 | QBE Insurance Group Ltd., (fixed rate to 05/12/2025, variable rate thereafter), 5.88%, 05/12/2025 (a)(b) | 4,390,000 | |||||||
USD | 9,100 | Santos Finance Ltd., 4.13%, 06/14/2027 (b)(c) | 9,847,200 | |||||||
AUD | 410 | Transurban Queensland Finance Pty Ltd., 3.25%, 05/07/2031 (c) | 315,402 | |||||||
AUD | 5,000 | Treasury Corp. of Victoria, 2.25%, 11/20/2040 | 3,691,863 | |||||||
AUD | 23,600 | Wesfarmers Ltd., 2.55%, 03/23/2031 (b)(c) | 17,932,807 | |||||||
SGD | 250 | Westpac Banking Corp., 4.11%, 04/15/2025 | 199,316 | |||||||
66,138,478 | ||||||||||
CHINA—23.2% | ||||||||||
CNY | 30,000 | Central Huijin Investment Ltd., 3.02%, 03/13/2025 | 4,634,513 | |||||||
CNY | 10,000 | Central Huijin Investment Ltd., 3.67%, 01/16/2024 | 1,577,239 | |||||||
USD | 3,700 | China Aoyuan Group Ltd., 6.20%, 09/24/2023 (b)(c) | 3,073,511 | |||||||
USD | 720 | China Aoyuan Group Ltd., 6.35%, 02/08/2023 (b)(c) | 655,552 | |||||||
USD | 3,800 | China Construction Bank Corp., (fixed rate to 02/27/2024, variable rate thereafter), 4.25%, 02/27/2024 (b)(c) | 4,074,090 | |||||||
USD | 4,000 | China Construction Bank Corp., (fixed rate to 06/24/2025, variable rate thereafter), 2.45%, 06/24/2025 (b)(c) | 4,095,536 | |||||||
CNY | 120,000 | China Development Bank, 3.34%, 07/14/2025 | 18,871,227 | |||||||
CNH | 8,000 | China Development Bank Hong Kong, 3.20%, 09/21/2023 | 1,238,241 | |||||||
USD | 2,680 | China Evergrande Group, 8.75%, 08/30/2021 (b)(c) | 1,106,191 | |||||||
USD | 5,400 | China Evergrande Group, 10.00%, 08/30/2021 (b)(c) | 2,309,202 | |||||||
USD | 3,929 | China Huadian Overseas Development 2018 Ltd., (fixed rate to 06/23/2025, variable rate thereafter), 3.38%, 06/23/2025 (a)(b) | 4,047,656 | |||||||
CNY | 10,000 | China National Petroleum Corp., 3.72%, 09/20/2021 | 1,552,135 | |||||||
USD | 1,486 | China Oil & Gas Group Ltd., 4.70%, 06/30/2024 (b)(c) | 1,499,009 | |||||||
USD | 3,500 | China Oil & Gas Group Ltd., 5.50%, 08/30/2021 (b)(c) | 3,578,739 | |||||||
CNY | 40,000 | China Petroleum & Chemical Corp., 2.70%, 04/01/2023 | 6,178,366 | |||||||
USD | 10,522 | Chinalco Capital Holdings Ltd., 4.25%, 04/21/2022 (b) | 10,685,083 | |||||||
USD | 7,000 | CIFI Holdings Group Co. Ltd., 6.55%, 03/28/2022 (b)(c) | 7,213,354 | |||||||
USD | 3,405 | CMHI Finance BVI Co. Ltd. (fixed rate to 10/09/2025 variable rate thereafter), 3.88%, 10/09/2025 (a)(b) | 3,523,426 | |||||||
USD | 3,600 | CNAC HK Finbridge Co. Ltd., 3.88%, 06/19/2029 (b) | 3,825,396 | |||||||
USD | 3,320 | CNAC HK Finbridge Co. Ltd., 5.13%, 03/14/2028 (b) | 3,778,895 | |||||||
USD | 2,522 | Country Garden Holdings Co. Ltd., 3.30%, 10/12/2030 (b)(c) | 2,293,512 | |||||||
USD | 8,110 | Country Garden Holdings Co. Ltd., 7.25%, 04/08/2023 (b)(c) | 8,741,019 | |||||||
MYR | 10,000 | Country Garden Real Estate Sdn Bhd, 6.40%, 05/06/2022 | 2,416,114 | |||||||
USD | 4,526 | ENN Clean Energy International Investment Ltd., 3.38%, 05/12/2024 (b)(c) | 4,617,184 | |||||||
USD | 3,200 | Fufeng Group Ltd., 5.88%, 08/28/2021 (b) | 3,208,800 | |||||||
USD | 3,600 | Gansu Provincial Highway Aviation Tourism Investment Group Co. Ltd., 3.25%, 11/03/2023 (b) | 3,554,890 | |||||||
USD | 3,000 | Geely Automobile Holdings Ltd., 3.63%, 01/25/2023 (b) | 3,083,117 | |||||||
USD | 4,200 | Geely Sweden Finance AB, 4.88%, 11/15/2021 (b) | 4,234,290 | |||||||
USD | 3,962 | GLP China Holdings Ltd., 2.95%, 03/29/2026 (b) | 4,023,166 | |||||||
USD | 5,400 | HBIS Group Hong Kong Co. Ltd., 3.75%, 12/18/2022 (b) | 5,386,445 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
CORPORATE BONDS (continued) | ||||||||||
USD | 3,470 | Health & Happiness H&H International Holdings Ltd., 5.63%, 10/24/2021 (b)(c) | $ | 3,558,725 | ||||||
USD | 2,400 | Huarong Finance II Co. Ltd., 5.00%, 11/19/2025 (b) | 1,668,000 | |||||||
USD | 6,700 | Huarong Finance II Co. Ltd., 5.50%, 01/16/2025 (b) | 4,773,750 | |||||||
CNY | 50,000 | Industrial & Commercial Bank of China Ltd. Series A, 4.15%, 11/16/2025 (c) | 7,924,908 | |||||||
USD | 700 | Kaisa Group Holdings Ltd., 9.75%, 09/28/2022 (b)(c) | 563,500 | |||||||
USD | 4,603 | Kaisa Group Holdings Ltd., 10.88%, 08/30/2021 (b)(c) | 3,867,671 | |||||||
USD | 3,941 | Kaisa Group Holdings Ltd., 11.95%, 11/12/2021 (b)(c) | 3,355,762 | |||||||
USD | 6,650 | Longfor Group Holdings Ltd., 3.95%, 09/16/2029 (b) | 6,975,859 | |||||||
USD | 4,083 | MCC Holding Hong Kong Corp. Ltd., (fixed rate to 04/20/2024, variable rate thereafter), 2.95%, 04/20/2024 (a)(b) | 4,146,695 | |||||||
USD | 12,883 | Seazen Group Ltd., 6.00%, 08/12/2024 (b) | 12,922,553 | |||||||
USD | 2,310 | Seazen Group Ltd., 6.45%, 06/11/2022 (b) | 2,322,686 | |||||||
USD | 2,040 | Shandong Iron And Steel Xinheng International Co. Ltd., 4.80%, 07/28/2024 (b) | 2,049,524 | |||||||
USD | 3,754 | Shandong Iron And Steel Xinheng International Co., Ltd., 6.50%, 11/05/2023 (b) | 3,904,044 | |||||||
USD | 7,300 | Shanghai Port Group BVI Development 2 Co. Ltd., 2.38%, 04/13/2030 (b)(c) | 7,401,813 | |||||||
USD | 11,800 | Shimao Group Holdings Ltd., 5.60%, 07/15/2023 (b)(c) | 12,266,378 | |||||||
USD | 1,100 | Shimao Group Holdings Ltd., 4.60%, 07/13/2025 (b)(c) | 1,093,585 | |||||||
USD | 2,807 | SPIC Luxembourg Latin America Renewable Energy Investment Co. Sarl, 4.65%, 10/30/2023 (b) | 2,995,968 | |||||||
USD | 690 | Sunac China Holdings Ltd., 5.95%, 01/26/2023 (b)(c) | 623,753 | |||||||
USD | 5,714 | Sunac China Holdings Ltd., 6.80%, 10/20/2023 (b)(c) | 5,194,087 | |||||||
USD | 1,786 | Sunac China Holdings Ltd., 7.00%, 07/09/2023 (b)(c) | 1,610,161 | |||||||
USD | 3,394 | Tencent Holdings Ltd., 3.24%, 12/03/2049 (b)(c) | 3,307,826 | |||||||
USD | 7,100 | Times China Holdings Ltd., 6.20%, 09/22/2023 (b)(c) | 6,471,650 | |||||||
USD | 7,000 | Wuhan Metro Group Co. Ltd., (fixed rate to 12/05/2021, variable rate thereafter), 5.98%, 12/05/2021 (a)(b) | 7,093,447 | |||||||
USD | 7,280 | Xiaomi Best Time International Ltd., 2.88%, 04/14/2031 (b)(c) | 7,284,729 | |||||||
USD | 6,920 | Yango Justice International Ltd., 7.88%, 09/04/2023 (b)(c) | 6,107,296 | |||||||
USD | 7,457 | Zhenro Properties Group Ltd., 6.63%, 01/07/2024 (b)(c) | 6,282,956 | |||||||
USD | 4,000 | Zhenro Properties Group Ltd., 7.88%, 01/14/2023 (b)(c) | 3,755,952 | |||||||
USD | 4,156 | Zhongsheng Group Holdings Ltd., 3.00%, 12/13/2025 (b)(c) | 4,248,287 | |||||||
262,847,463 | ||||||||||
GERMANY—0.7% | ||||||||||
AUD | 10,000 | Landwirtschaftliche Rentenbank, 4.75%, 04/08/2024 (d) | 8,202,902 | |||||||
HONG KONG—2.6% | ||||||||||
USD | 7,000 | CAS Capital No 1 Ltd. (fixed rate to 07/12/2026, variable rate thereafter), 4.00%, 07/12/2026 (a)(b) | 7,077,000 | |||||||
USD | 754 | Far East Consortium International Ltd., 3.75%, 09/08/2021 (b) | 750,429 | |||||||
USD | 15,500 | Hutchison Whampoa Finance CI Ltd., 7.50%, 08/01/2027 (b) | 20,480,340 | |||||||
USD | 980 | Hutchison Whampoa International 03/33 Ltd., 7.45%, 11/24/2033 (b) | 1,498,447 | |||||||
29,806,216 | ||||||||||
INDIA—16.8% | ||||||||||
USD | 7,302 | Adani Electricity Mumbai Ltd., 3.95%, 02/12/2030 (b) | 7,350,264 | |||||||
USD | 6,910 | Adani Green Energy UP Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energy Pvt Ltd., 6.25%, 12/10/2024 (b) | 7,507,715 | |||||||
USD | 2,232 | Adani International Container Terminal Pvt Ltd., 3.00%, 08/18/2030 (b) | 2,167,177 | |||||||
USD | 6,500 | Adani Ports & Special Economic Zone Ltd., 4.20%, 02/04/2027 (b)(c) | 6,821,841 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
CORPORATE BONDS (continued) | ||||||||||
USD | 3,050 | Adani Transmission Ltd., 4.00%, 08/03/2026 (b) | $ | 3,206,130 | ||||||
USD | 3,749 | Adani Transmission Ltd., 4.25%, 05/21/2036 (b)(e) | 3,831,984 | |||||||
INR | 200,000 | Axis Bank Ltd., 7.60%, 10/20/2023 | 2,835,552 | |||||||
INR | 500,000 | Axis Bank Ltd., 8.85%, 12/05/2024 | 7,388,665 | |||||||
USD | 7,030 | Azure Power Solar Energy Pvt Ltd., 5.65%, 09/24/2022 (b)(c) | 7,383,356 | |||||||
USD | 3,300 | Bharti Airtel International Netherlands BV, 5.35%, 05/20/2024 (b) | 3,623,829 | |||||||
USD | 1,200 | GMR Hyderabad International Airport Ltd., 4.75%, 02/02/2026 (b) | 1,216,220 | |||||||
USD | 5,173 | GMR Hyderabad International Airport Ltd., 5.38%, 04/10/2024 (b) | 5,277,101 | |||||||
INR | 750,000 | HDFC Bank Ltd., 7.95%, 09/21/2026 | 10,809,585 | |||||||
INR | 100,000 | Housing Development Finance Corp. Ltd., 7.90%, 08/24/2026 | 1,443,620 | |||||||
INR | 100,000 | ICICI Bank Ltd., 7.60%, 10/07/2023 | 1,416,665 | |||||||
INR | 250,000 | ICICI Bank Ltd., 9.15%, 08/06/2024 | 3,684,405 | |||||||
USD | 5,732 | IIFL Finance Ltd., 5.88%, 04/20/2023 (b) | 5,524,808 | |||||||
USD | 7,072 | India Green Power Holdings, 4.00%, 02/22/2024 (b) | 7,054,320 | |||||||
USD | 4,000 | Indiabulls Housing Finance Ltd., 6.38%, 05/28/2022 (b) | 3,805,967 | |||||||
INR | 200,000 | Indiabulls Housing Finance Ltd., 8.90%, 09/26/2021 | 2,684,516 | |||||||
INR | 100,000 | Indiabulls Housing Finance Ltd., 9.00%, 04/29/2026 | 1,026,436 | |||||||
INR | 300,000 | Indiabulls Housing Finance Ltd., 9.08%, 12/31/2021 | 3,998,852 | |||||||
INR | 50,000 | Indian Railway Finance Corp. Ltd., 8.45%, 12/04/2028 | 733,765 | |||||||
INR | 150,000 | National Highways Authority of India, 7.70%, 09/13/2029 | 2,109,595 | |||||||
INR | 50,000 | NTPC Ltd., 8.05%, 05/05/2026 | 728,436 | |||||||
INR | 250,000 | NTPC Ltd., 8.10%, 05/27/2026 | 3,652,536 | |||||||
USD | 7,112 | Power Finance Corp. Ltd., 6.15%, 12/06/2028 (b) | 8,396,360 | |||||||
INR | 250,000 | Power Finance Corp. Ltd., 8.39%, 04/19/2025 | 3,622,338 | |||||||
INR | 400,000 | Power Finance Corp. Ltd., 8.65%, 12/27/2024 | 5,840,693 | |||||||
INR | 150,000 | Power Grid Corp. of India Ltd., 8.13%, 04/25/2027 | 2,186,396 | |||||||
INR | 500,000 | Power Grid Corp. of India Ltd., 8.13%, 04/25/2028 | 7,187,274 | |||||||
USD | 3,689 | REC Ltd., 4.75%, 05/19/2023 (b) | 3,881,829 | |||||||
INR | 150,000 | REC Ltd., 8.10%, 06/25/2024 | 2,154,404 | |||||||
INR | 150,000 | REC Ltd., 9.34%, 08/25/2024 | 2,219,069 | |||||||
INR | 70,000 | REC Ltd., 9.35%, 06/15/2022 | 980,958 | |||||||
USD | 2,550 | Reliance Industries Ltd., 4.13%, 01/28/2025 (b) | 2,786,844 | |||||||
INR | 800,000 | Reliance Industries Ltd., 8.30%, 03/08/2022 | 11,025,025 | |||||||
USD | 8,000 | Shriram Transport Finance Co. Ltd., 4.40%, 03/13/2024 (b) | 7,960,000 | |||||||
INR | 300,000 | State of Maharashtra India, 7.20%, 08/09/2027 | 4,123,914 | |||||||
USD | 8,502 | UltraTech Cement Ltd., 2.80%, 08/16/2030 (b)(c) | 8,288,934 | |||||||
USD | 6,637 | UPL Corp. Ltd., 4.63%, 06/16/2030 (b) | 7,150,834 | |||||||
USD | 5,600 | Vedanta Resources Ltd., 6.38%, 07/30/2022 (b) | 5,527,760 | |||||||
190,615,972 | ||||||||||
INDONESIA—5.9% | ||||||||||
IDR | 20,000,000 | Adira Dinamika Multi Finance Tbk PT, 7.80%, 10/04/2022 | 1,433,915 | |||||||
IDR | 10,000,000 | Astra Sedaya Finance PT, 8.80%, 02/13/2022 | 709,283 | |||||||
USD | 2,198 | Bank Mandiri Persero Tbk PT, 4.75%, 05/13/2025 (b) | 2,435,518 | |||||||
IDR | 10,000,000 | Bank Rakyat Indonesia Persero Tbk PT, 8.25%, 08/24/2024 | 736,456 | |||||||
USD | 7,300 | Bank Tabungan Negara Persero Tbk PT, 4.20%, 01/23/2025 (b) | 7,455,369 | |||||||
IDR | 10,000,000 | Federal International Finance PT, 8.80%, 03/12/2022 | 711,150 | |||||||
USD | 5,326 | FPC Treasury Ltd., 4.50%, 04/16/2023 (b) | 5,578,985 | |||||||
USD | 3,766 | Hutama Karya Persero PT, 3.75%, 02/11/2030 (b)(c)(d) | 4,053,702 | |||||||
USD | 4,283 | Indofood CBP Sukses Makmur Tbk PT, 3.40%, 12/09/2030 (b)(c) | 4,432,274 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
CORPORATE BONDS (continued) | ||||||||||
IDR | 20,000,000 | Lembaga Pembiayaan Ekspor Indonesia, 8.45%, 07/09/2022 | $ | 1,438,755 | ||||||
USD | 5,586 | LLPL Capital Pte Ltd., 6.88%, 02/04/2039 (b)(e) | 6,528,638 | |||||||
USD | 4,565 | Medco Oak Tree Pte Ltd., 7.38%, 05/14/2023 (b)(c) | 4,838,900 | |||||||
USD | 3,400 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.88%, 07/17/2029 (b) | 3,604,000 | |||||||
USD | 7,227 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 4.00%, 12/30/2049 (b)(c) | 7,118,595 | |||||||
USD | 6,129 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 6.15%, 05/21/2048 (b) | 7,607,621 | |||||||
IDR | 12,000,000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 8.25%, 07/05/2023 | 875,467 | |||||||
USD | 7,181 | Tower Bersama Infrastructure Tbk PT, 2.75%, 12/20/2025 (b)(c) | 7,234,858 | |||||||
66,793,486 | ||||||||||
JAPAN—0.5% | ||||||||||
USD | 4,850 | Nissan Motor Co. Ltd., 4.81%, 06/17/2030 (b)(c) | 5,537,032 | |||||||
KAZAKHSTAN—0.7% | ||||||||||
KZT | 3,265,000 | Development Bank of Kazakhstan JSC, 10.95%, 05/06/2026 (b) | 7,705,266 | |||||||
7,705,266 | ||||||||||
KUWAIT—0.7% | ||||||||||
USD | 6,759 | MEGlobal Canada ULC, 5.00%, 05/18/2025 (b) | 7,554,534 | |||||||
MACAO—0.6% | ||||||||||
USD | 3,575 | MGM China Holdings Ltd., 5.25%, 06/18/2022 (b)(c) | 3,664,375 | |||||||
USD | 3,500 | MGM China Holdings Ltd., 5.88%, 05/15/2022 (b)(c) | 3,631,250 | |||||||
7,295,625 | ||||||||||
MALAYSIA—1.8% | ||||||||||
MYR | 5,000 | CIMB Group Holdings Bhd, 4.95%, 03/29/2023 (c) | 1,222,481 | |||||||
MYR | 5,000 | DRB-Hicom Bhd, 5.10%, 12/12/2029 | 1,213,951 | |||||||
MYR | 5,000 | Malayan Banking Bhd, (fixed rate to 09/25/2024, variable rate thereafter), 4.08%, 09/25/2024 (a) | 1,214,976 | |||||||
MYR | 5,000 | Pengerang LNG Two Sdn Bhd, 2.86%, 10/20/2028 | 1,149,882 | |||||||
MYR | 5,000 | Pengerang LNG Two Sdn Bhd, 2.92%, 10/19/2029 | 1,139,443 | |||||||
MYR | 10,000 | Petroleum Sarawak Exploration & Production Sdn Bhd, 4.10%, 03/19/2031 | 2,353,028 | |||||||
USD | 2,600 | Petronas Capital Ltd., 3.50%, 01/21/2030 (b)(c) | 2,843,541 | |||||||
MYR | 5,000 | Press Metal Aluminium Holdings Bhd, 4.00%, 08/15/2025 | 1,185,972 | |||||||
USD | 7,000 | TNB Global Ventures Capital Bhd, 3.24%, 10/19/2026 (b) | 7,526,260 | |||||||
19,849,534 | ||||||||||
MEXICO—0.6% | ||||||||||
MXN | 145,000 | Petroleos Mexicanos, 7.19%, 09/12/2024 (b) | 6,933,178 | |||||||
NORWAY—0.5% | ||||||||||
AUD | 7,000 | Kommunalbanken AS, 4.50%, 04/17/2023 (b) | 5,511,250 | |||||||
5,511,250 | ||||||||||
OMAN—0.2% | ||||||||||
USD | 2,765 | OQ SAOC, 5.13%, 05/06/2028 (b) | 2,771,912 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
CORPORATE BONDS (continued) | ||||||||||
PHILIPPINES—3.8% | ||||||||||
USD | 1,800 | AC Energy Finance International Ltd., 5.10%, 11/25/2025 (a)(b) | $ | 1,890,964 | ||||||
USD | 7,000 | ICTSI Treasury BV, 5.88%, 09/17/2025 (b) | 8,191,720 | |||||||
USD | 11,000 | Manila Water Co., Inc., 4.38%, 07/30/2025 (b)(c) | 11,743,061 | |||||||
USD | 13,086 | Megaworld Corp., 4.25%, 04/17/2023 (b) | 13,805,379 | |||||||
USD | 7,000 | Royal Capital BV, (fixed rate to 05/05/2024, variable rate thereafter), 4.88%, 05/05/2024 (a)(b) | 7,297,500 | |||||||
42,928,624 | ||||||||||
SAUDI ARABIA—0.6% | ||||||||||
USD | 7,000 | Dar Al-Arkan Sukuk Co. Ltd., 6.88%, 03/21/2023 (b) | 7,261,450 | |||||||
SINGAPORE—2.3% | ||||||||||
USD | 4,300 | DBS Group Holdings Ltd., (fixed rate to 02/27/2025, variable rate thereafter), 3.30%, 02/27/2025 (a)(b) | 4,418,250 | |||||||
USD | 2,400 | DBS Group Holdings Ltd., (fixed rate to 12/11/2023, variable rate thereafter), 4.52%, 12/11/2023 (b)(c) | 2,582,920 | |||||||
USD | 4,538 | GLP Pte Ltd. (fixed rate to 05/17/2026, variable rate thereafter), 4.50%, 05/17/2026 (a)(b) | 4,501,523 | |||||||
USD | 3,800 | Parkway Pantai Ltd., (fixed rate to 07/27/2022, variable rate thereafter), 4.25%, 07/27/2022 (a)(b) | 3,845,144 | |||||||
USD | 3,682 | Singapore Airlines Ltd., 3.00%, 06/20/2026 (b)(c) | 3,778,616 | |||||||
USD | 7,000 | Vena Energy Capital Pte Ltd., 3.13%, 02/26/2025 (b) | 7,201,669 | |||||||
26,328,122 | ||||||||||
SOUTH KOREA—2.7% | ||||||||||
USD | 11,400 | Busan Bank Co. Ltd., 3.63%, 07/25/2026 (b) | 12,152,628 | |||||||
USD | 3,300 | Hanwha Total Petrochemical Co. Ltd., 3.88%, 01/23/2024 (b) | 3,526,282 | |||||||
USD | 2,000 | Kookmin Bank, 2.50%, 11/04/2030 (b) | 2,015,943 | |||||||
USD | 5,900 | Shinhan Bank Co. Ltd., 4.50%, 03/26/2028 (b) | 6,745,460 | |||||||
USD | 2,071 | SK Hynix, Inc., 2.38%, 01/19/2031 (b) | 2,053,147 | |||||||
USD | 3,650 | Tongyang Life Insurance Co. Ltd. (fixed rate to 09/22/2025 variable rate thereafter), 5.25%, 09/22/2025 (a)(b) | 3,851,882 | |||||||
30,345,342 | ||||||||||
THAILAND—2.6% | ||||||||||
USD | 1,200 | Bangkok Bank PCL, 9.03%, 03/15/2029 (b) | 1,684,910 | |||||||
USD | 6,900 | Bangkok Bank PCL, (fixed rate to 09/25/2029, variable rate thereafter), 3.73%, 09/25/2029 (b)(c) | 7,172,688 | |||||||
USD | 7,000 | Krung Thai Bank PCL, (fixed rate to 03/25/2026, variable rate thereafter), 4.40%, 03/25/2026 (a)(b) | 7,091,560 | |||||||
USD | 5,800 | Minor International PCL, (fixed rate to 06/29/2023, variable rate thereafter), 3.10%, 06/29/2023 (a)(b) | 5,918,704 | |||||||
USD | 3,342 | PTTEP Treasury Center Co. Ltd., 3.90%, 12/06/2059 (b) | 3,573,802 | |||||||
USD | 3,800 | TMB Bank PCL, (fixed rate to 12/02/2024, variable rate thereafter), 4.90%, 12/02/2024 (a)(b) | 3,861,585 | |||||||
29,303,249 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
CORPORATE BONDS (continued) | ||||||||||
TURKEY—0.3% | ||||||||||
USD | 3,460 | Turk Telekomunikasyon AS, 6.88%, 02/28/2025 (b) | $ | 3,822,262 | ||||||
3,822,262 | ||||||||||
UNITED ARAB EMIRATES—2.8% | ||||||||||
MYR | 10,000 | Abu Dhabi National Energy Co. PJSC, 4.65%, 03/03/2022 | 2,389,078 | |||||||
USD | 7,100 | Esic Sukuk Ltd., 3.94%, 07/30/2024 (b) | 7,387,408 | |||||||
USD | 7,237 | Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036 (b)(e) | 7,167,528 | |||||||
USD | 6,500 | MAF Global Securities Ltd., (fixed rate to 03/20/2026, variable rate thereafter), 6.38%, 03/20/2026 (a)(b) | 7,085,000 | |||||||
USD | 6,400 | Tabreed Sukuk Spc Ltd., 5.50%, 10/31/2025 (b) | 7,378,432 | |||||||
31,407,446 | ||||||||||
UNITED KINGDOM—1.4% | ||||||||||
USD | 6,999 | Standard Chartered PLC, 3.95%, 01/11/2023 (b) | 7,283,474 | |||||||
USD | 5,000 | Standard Chartered PLC, 4.05%, 04/12/2026 (b) | 5,542,300 | |||||||
USD | 2,759 | Standard Chartered PLC, (fixed rate to 04/02/2023, variable rate thereafter), 7.75%, 04/02/2023 (a)(b) | 3,003,861 | |||||||
15,829,635 | ||||||||||
UNITED STATES—0.6% | ||||||||||
USD | 5,600 | Hyundai Capital America, 6.38%, 01/08/2030 (b)(c) | 7,339,276 | |||||||
7,339,276 | ||||||||||
VIETNAM—0.4% | ||||||||||
USD | 4,310 | Mong Duong Finance Holdings BV, 5.13%, 05/07/2023 (b)(c)(e) | 4,266,900 | |||||||
4,266,900 | ||||||||||
Total Corporate Bonds — 78.1% (cost $882,325,264) | 886,395,154 | |||||||||
GOVERNMENT BONDS—61.5% | ||||||||||
AUSTRALIA—9.5% | ||||||||||
AUD | 2,300 | Australia Government Bond, 2.75%, 11/21/2029 (b) | 1,923,667 | |||||||
AUD | 54,000 | Australia Government Bond, 3.25%, 06/21/2039 (b) | 48,749,531 | |||||||
AUD | 13,500 | New South Wales Treasury Corp., 3.00%, 02/20/2030 (b) | 11,249,010 | |||||||
AUD | 7,500 | New South Wales Treasury Corp., 4.00%, 05/20/2026 (b) | 6,359,218 | |||||||
AUD | 15,000 | New South Wales Treasury Corp., 6.00%, 03/01/2022 | 11,387,681 | |||||||
AUD | 300 | Queensland Treasury Corp., 3.50%, 08/21/2030 (b) | 261,189 | |||||||
AUD | 22,000 | Queensland Treasury Corp., 4.25%, 07/21/2023 (b) | 17,434,829 | |||||||
AUD | 13,000 | Treasury Corp. of Victoria, 6.00%, 10/17/2022 | 10,232,660 | |||||||
107,597,785 | ||||||||||
BAHRAIN—0.6% | ||||||||||
USD | 7,300 | Bahrain Government International Bond, 5.45%, 09/16/2032 (b) | 7,144,145 | |||||||
7,144,145 | ||||||||||
BRAZIL—2.4% | ||||||||||
BRL | 103,000 | Brazil Notas do Tesouro Nacional, 10.00%, 01/01/2029 | 20,487,987 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
GOVERNMENT BONDS (continued) | ||||||||||
BRL | 31,000 | Brazil Notas do Tesouro Nacional Series F, 10.00%, 01/01/2027 | $ | 6,166,287 | ||||||
26,654,274 | ||||||||||
CHINA—8.2% | ||||||||||
CNY | 60,000 | China Government Bond, 1.99%, 04/09/2025 (f) | 9,064,170 | |||||||
CNY | 30,000 | China Government Bond, 2.20%, 02/13/2022 (f) | 4,643,909 | |||||||
CNY | 100,000 | China Government Bond, 2.36%, 07/02/2023 (f) | 15,451,265 | |||||||
CNY | 130,000 | China Government Bond, 2.68%, 05/21/2030 (f) | 19,681,462 | |||||||
CNY | 30,000 | China Government Bond, 3.02%, 10/22/2025 (f) | 4,713,210 | |||||||
CNY | 250,000 | China Government Bond, 3.27%, 11/19/2030 (f) | 39,944,705 | |||||||
93,498,721 | ||||||||||
EL SALVADOR—0.6% | ||||||||||
USD | 7,585 | El Salvador Government International Bond, 8.25%, 04/10/2032 (b) | 6,883,463 | |||||||
GHANA—0.7% | ||||||||||
USD | 3,200 | Ghana Government International Bond, 7.88%, 03/26/2027 (b)(e) | 3,325,152 | |||||||
USD | 4,419 | Ghana Government International Bond, 8.13%, 01/18/2026 (b)(e) | 4,680,681 | |||||||
8,005,833 | ||||||||||
INDIA—5.3% | ||||||||||
INR | 500,000 | India Government Bond, 6.19%, 09/16/2034 | 6,344,081 | |||||||
INR | 735,000 | India Government Bond, 6.79%, 05/15/2027 | 10,205,725 | |||||||
INR | 550,000 | India Government Bond, 7.17%, 01/08/2028 | 7,739,837 | |||||||
INR | 1,340,000 | India Government Bond, 7.26%, 01/14/2029 | 18,902,076 | |||||||
INR | 880,000 | India Government Bond, 7.72%, 05/25/2025 | 12,693,570 | |||||||
INR | 300,000 | India Government Bond, 8.15%, 11/24/2026 | 4,418,113 | |||||||
INR | 9,590 | India Government Bond, 9.20%, 09/30/2030 | 151,181 | |||||||
60,454,583 | ||||||||||
INDONESIA—12.2% | ||||||||||
USD | 5,314 | Indonesia Government International Bond, 5.35%, 02/11/2049 | 6,951,921 | |||||||
USD | 9,880 | Indonesia Government International Bond, 8.50%, 10/12/2035 (b) | 15,860,921 | |||||||
IDR | 86,400,000 | Indonesia Treasury Bond, 5.50%, 04/15/2026 | 6,054,721 | |||||||
IDR | 271,570,000 | Indonesia Treasury Bond, 6.13%, 05/15/2028 | 19,012,817 | |||||||
IDR | 21,000,000 | Indonesia Treasury Bond, 6.50%, 02/15/2031 | 1,472,940 | |||||||
IDR | 13,800,000 | Indonesia Treasury Bond, 7.00%, 05/15/2027 | 1,022,894 | |||||||
IDR | 629,200,000 | Indonesia Treasury Bond, 8.13%, 05/15/2024 | 47,646,623 | |||||||
IDR | 107,124,000 | Indonesia Treasury Bond, 8.38%, 09/15/2026 | 8,410,669 | |||||||
IDR | 300,000,000 | Indonesia Treasury Bond, 8.75%, 05/15/2031 | 24,257,890 | |||||||
IDR | 30,000,000 | Indonesia Treasury Bond, 9.00%, 03/15/2029 | 2,431,170 | |||||||
IDR | 16,000,000 | Indonesia Treasury Bond, 9.50%, 07/15/2031 | 1,344,682 | |||||||
USD | 3,770 | Perusahaan Penerbit SBSN Indonesia III, 4.15%, 03/29/2027 (b) | 4,224,964 | |||||||
138,692,212 | ||||||||||
IRAQ—0.8% | ||||||||||
USD | 4,063 | Iraq International Bond, 5.80%, 09/13/2021 (b) | 3,879,688 | |||||||
USD | 4,500 | Iraq International Bond, 6.75%, 03/09/2023 (b) | 4,564,665 | |||||||
8,444,353 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
GOVERNMENT BONDS (continued) | ||||||||||
IVORY COAST—0.8% | ||||||||||
USD | 8,400 | Ivory Coast Government International Bond, 6.38%, 03/03/2028 (b)(e) | $ | 9,294,970 | ||||||
9,294,970 | ||||||||||
MALAYSIA—6.5% | ||||||||||
MYR | 46,000 | Malaysia Government Bond, 2.63%, 04/15/2031 | 10,404,829 | |||||||
MYR | 158,300 | Malaysia Government Bond, 3.48%, 06/14/2024 | 38,740,737 | |||||||
MYR | 17,500 | Malaysia Government Bond, 3.73%, 06/15/2028 | 4,331,623 | |||||||
MYR | 35,900 | Malaysia Government Bond, 3.76%, 05/22/2040 | 8,246,281 | |||||||
MYR | 30,500 | Malaysia Government Bond, 4.92%, 07/06/2048 | 7,840,512 | |||||||
MYR | 18,000 | Malaysia Government Investment Issue, 3.45%, 07/15/2036 | 4,038,738 | |||||||
73,602,720 | ||||||||||
MEXICO—2.3% | ||||||||||
MXN | 469,000 | Mexican Bonos, 8.50%, 05/31/2029 | 25,933,212 | |||||||
25,933,212 | ||||||||||
NIGERIA—1.4% | ||||||||||
USD | 14,100 | Nigeria Government International Bond, 8.75%, 01/21/2031 (b) | 15,893,633 | |||||||
OMAN—0.3% | ||||||||||
USD | 3,204 | Oman Government International Bond, 6.25%, 01/25/2031 (b) | 3,459,628 | |||||||
3,459,628 | ||||||||||
PAKISTAN—4.7% | ||||||||||
USD | 26,890 | Pakistan Government International Bond, 6.88%, 12/05/2027 (b) | 27,495,025 | |||||||
USD | 7,495 | Pakistan Government International Bond, 8.25%, 04/15/2024 (b) | 8,094,600 | |||||||
USD | 5,209 | Pakistan Government International Bond, 8.25%, 09/30/2025 (b) | 5,696,354 | |||||||
PKR | 1,940,000 | Pakistan Investment Bond, 7.00%, 08/20/2023 | 11,588,027 | |||||||
52,874,006 | ||||||||||
SOUTH KOREA—0.7% | ||||||||||
KRW | 9,900,000 | Korea Treasury Bond, 1.88%, 03/10/2051 | 8,411,450 | |||||||
SUPRANATIONAL—1.7% | ||||||||||
AUD | 14,000 | Asian Development Bank, 5.00%, 03/09/2022 | 10,583,249 | |||||||
AUD | 10,000 | International Bank for Reconstruction & Development, 4.25%, 06/24/2025 | 8,359,351 | |||||||
18,942,600 | ||||||||||
UKRAINE—1.4% | ||||||||||
USD | 15,600 | Ukraine Government International Bond, 7.38%, 09/25/2032 (b)(e) | 16,224,000 | |||||||
16,224,000 | ||||||||||
URUGUAY—1.4% | ||||||||||
UYU | 674,024 | Uruguay Government International Bond, 8.25%, 05/21/2031 | 15,677,724 | |||||||
15,677,724 | ||||||||||
Total Government Bonds — 61.5% (cost $706,103,642) | 697,689,312 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal Amount (000) or Shares | Description | Value (US$) | ||||||||
SHORT-TERM INVESTMENT—1.8% | ||||||||||
UNITED STATES—1.8% | ||||||||||
USD | 20,338,859 | State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.03%(g) | $ | 20,338,859 | ||||||
20,338,859 | ||||||||||
Total Short-Term Investment — 1.8% (cost $20,338,859) | 20,338,859 | |||||||||
Total Investments — 141.4% (cost $1,608,767,765) | 1,604,423,325 | |||||||||
Long Term Debt Securities | (421,000,000 | ) | ||||||||
Mandatory Redeemable Preferred Stock at Liquidation Value | (50,000,000 | ) | ||||||||
Other Assets in Excess of Liabilities — 0.1% | 1,048,368 | |||||||||
Net Assets—100.0% | $ | 1,134,471,693 |
AUD—Australian Dollar
BRL—Brazilian Real
CNH—Chinese Yuan Renminbi Offshore
CNY—Chinese Yuan Renminbi
IDR—Indonesian Rupiah
INR—Indian Rupee
KRW—South Korean Won
KZT—Kazakhstan tenge
MXN—Mexican Peso
MYR—Malaysian Ringgit
PHP—Philippine Peso
PKR—Pakistan rupee
SGD—Singapore Dollar
THB—Thai Baht
USD—U.S. Dollar
UYU—Uruguayan Peso
(a) | Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely. The maturity date presented for these instruments represents the next call/put date. |
(b) | Denotes a restricted security. |
(c) | The maturity date presented for these instruments represents the next call/put date. |
(d) | This security is government guaranteed. |
(e) | Sinkable security. |
(f) | China A securities. These securities are issued in local currency, traded in the local markets and are held through a qualified foreign institutional investor license. |
(g) | Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of July 31, 2021. |
At July 31, 2021, the Company held the following futures contracts:
Futures Contracts | Number of Contracts Long/(Short) | Expiration Date | Notional Amount | Market Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||
Long Contract Positions | ||||||||||||||||||
United States Treasury Note 6%–Ultra Bond | 216 | 09/21/2021 | $ | 40,059,192 | $ | 43,098,750 | $ | 3,039,558 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Futures Contracts | Number of Contracts Long/(Short) | Expiration Date | Notional Amount | Market Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||
United States Treasury Note 6%–2 year | 163 | 09/30/2021 | $ | 35,964,418 | $ | 35,966,969 | $ | 2,551 | ||||||||||
$ | 3,042,109 | |||||||||||||||||
Short Contract Positions | ||||||||||||||||||
United States Treasury Note 6%–10 year | (1,637 | ) | 09/21/2021 | $ | (216,453,819 | ) | $ | (220,099,766 | ) | $ | (3,645,947 | ) | ||||||
United States Treasury Note 6%—5 year | (286 | ) | 09/30/2021 | (35,293,705 | ) | (35,591,359 | ) | (297,654 | ) | |||||||||
$ | (3,943,601 | ) | ||||||||||||||||
$ | (901,492 | ) |
At July 31, 2021, the Fund's open forward foreign currency exchange contracts were as follows:
Purchase Contracts Settlement Date* | Counterparty | Amount Purchased | Amount Sold | Fair Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||
Chinese Yuan Renminbi Offshore/United States Dollar | ||||||||||||||||||
09/27/2021 | BNP Paribas S.A. | CNH | 24,383,569 | USD | 3,751,789 | $ | 3,754,834 | $ | 3,045 | |||||||||
09/27/2021 | Citibank N.A. | CNH | 450,000,000 | USD | 69,017,653 | 69,295,655 | 278,002 | |||||||||||
Indian Rupee/United States Dollar | ||||||||||||||||||
08/05/2021 | Royal Bank of Canada | INR | 1,410,353,100 | USD | 18,941,907 | 18,955,813 | 13,906 | |||||||||||
Indonesian Rupiah/United States Dollar | ||||||||||||||||||
10/06/2021 | Royal Bank of Canada | IDR | 68,051,700,000 | USD | 4,641,647 | 4,687,505 | 45,858 | |||||||||||
Malaysian Ringgit/United States Dollar | ||||||||||||||||||
09/01/2021 | BNP Paribas S.A. | MYR | 6,204,750 | USD | 1,500,000 | 1,468,525 | (31,475 | ) | ||||||||||
09/01/2021 | Standard Chartered Bank | MYR | 29,970,810 | USD | 7,195,647 | 7,093,417 | (102,230 | ) | ||||||||||
Mexican Peso/United States Dollar | ||||||||||||||||||
08/25/2021 | Citibank N.A. | MXN | 177,950,000 | USD | 8,649,164 | 8,914,058 | 264,894 | |||||||||||
Philippine Peso/United States Dollar | ||||||||||||||||||
08/06/2021 | Citibank N.A. | PHP | 1,685,812,423 | USD | 34,108,427 | 33,743,725 | (364,702 | ) | ||||||||||
10/08/2021 | Citibank N.A. | PHP | 1,478,933,310 | USD | 29,358,347 | 29,521,709 | 163,362 | |||||||||||
Singapore Dollar/United States Dollar | ||||||||||||||||||
08/04/2021 | Citibank N.A. | SGD | 102,929,960 | USD | 77,161,028 | 75,965,793 | (1,195,235 | ) | ||||||||||
South Korean Won/United States Dollar | ||||||||||||||||||
09/15/2021 | Citibank N.A. | KRW | 4,420,420,179 | USD | 3,885,860 | 3,832,808 | (53,052 | ) | ||||||||||
09/15/2021 | Royal Bank of Canada | KRW | 100,958,150,250 | USD | 89,061,627 | 87,537,641 | (1,523,986 | ) | ||||||||||
Thai Baht/United States Dollar | ||||||||||||||||||
09/17/2021 | Citibank N.A. | THB | 2,905,806,657 | USD | 91,729,876 | 88,396,061 | (3,333,815 | ) | ||||||||||
$ | 433,167,544 | $ | (5,835,428 | ) |
Sale Contracts Settlement Date* | Counterparty | Amount Purchased | Amount Sold | Fair Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||
United States Dollar/Australian Dollar | ||||||||||||||||||
10/29/2021 | Citibank N.A. | USD | 42,711,490 | AUD | 58,000,000 | $ | 42,579,201 | $ | 132,289 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (concluded)
July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Sale Contracts Settlement Date* | Counterparty | Amount Purchased | Amount Sold | Fair Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||
United States Dollar/Chinese Yuan Renminbi Offshore | ||||||||||||||||||
09/27/2021 | Citibank N.A. | USD | 45,567,855 | CNH | 297,105,648 | $ | 45,751,401 | $ | (183,546 | ) | ||||||||
United States Dollar/Indian Rupee | ||||||||||||||||||
08/05/2021 | Citibank N.A. | USD | 1,400,000 | INR | 105,300,440 | 1,415,288 | (15,288 | ) | ||||||||||
08/05/2021 | Royal Bank of Canada | USD | 8,829,113 | INR | 658,650,000 | 8,852,568 | (23,455 | ) | ||||||||||
08/05/2021 | UBS AG | USD | 8,600,000 | INR | 646,402,660 | 8,687,958 | (87,958 | ) | ||||||||||
10/29/2021 | Royal Bank of Canada | USD | 11,466,951 | INR | 861,153,100 | 11,473,424 | (6,473 | ) | ||||||||||
United States Dollar/Indonesian Rupiah | ||||||||||||||||||
10/06/2021 | Royal Bank of Canada | USD | 35,624,656 | IDR | 522,297,000,000 | 35,976,616 | (351,960 | ) | ||||||||||
United States Dollar/Malaysian Ringgit | ||||||||||||||||||
09/01/2021 | HSBC Bank USA | USD | 9,052,708 | MYR | 37,700,000 | 8,922,743 | 129,965 | |||||||||||
09/01/2021 | Standard Chartered Bank | USD | 28,292,205 | MYR | 117,161,250 | 27,729,434 | 562,771 | |||||||||||
United States Dollar/Mexican Peso | ||||||||||||||||||
08/25/2021 | HSBC Bank USA | USD | 9,881,763 | MXN | 198,245,023 | 9,930,697 | (48,934 | ) | ||||||||||
United States Dollar/Philippine Peso | ||||||||||||||||||
08/06/2021 | Citibank N.A. | USD | 34,109,216 | PHP | 1,685,812,423 | 33,743,726 | 365,490 | |||||||||||
10/08/2021 | Citibank N.A. | USD | 12,040,492 | PHP | 604,962,500 | 12,075,951 | (35,459 | ) | ||||||||||
$ | 247,139,007 | $ | 437,442 | |||||||||||||||
$ | 680,306,551 | $ | (5,397,986 | ) |
* Certain contracts with different trade dates and like characteristics have been shown net.
At July 31, 2021, the Fund held the following centrally cleared interest rate swaps:
Currency | Notional Amount | Expiration Date | Counterparty | Receive (Pay) Fixed Rate | Floating Rate Index | Fixed Rate | Premiums Paid (Received) | Unrealized Appreciation/ (Depreciation) | Value | ||||||||||||||||||||
USD | 6,000,000 | 02/12/2027 | Citigroup | Receive | 3-month LIBOR | 0.75 | % | $ | — | $ | 17,662 | $ | 17,662 | ||||||||||||||||
USD | 20,000,000 | 06/10/2027 | Citigroup | Receive | 3-month LIBOR | 0.70 | % | — | 213,427 | 213,427 | |||||||||||||||||||
USD | 15,000,000 | 05/06/2030 | Citigroup | Receive | 3-month LIBOR | 0.62 | % | (7,780 | ) | 700,101 | 692,321 | ||||||||||||||||||
USD | 5,000,000 | 05/11/2030 | Citigroup | Receive | 3-month LIBOR | 0.67 | % | — | 211,429 | 211,429 | |||||||||||||||||||
USD | 25,000,000 | 06/02/2031 | Citigroup | Receive | 3-month LIBOR | 0.72 | % | — | 1,247,023 | 1,247,023 | |||||||||||||||||||
USD | 20,000,000 | 07/16/2031 | Citigroup | Receive | 3-month LIBOR | 1.36 | % | — | (206,989 | ) | (206,989 | ) | |||||||||||||||||
$ | (7,780 | ) | $ | 2,182,653 | $ | 2,174,873 |
See accompanying Notes to Portfolio of Investments.
Notes to Portfolio of Investments (unaudited)
July 31, 2021
Summary of Significant Accounting Policies
a. Security Valuation:
The Fund values its securities at current market value or fair value, consistent with regulatory requirements. "Fair value" is defined in the Fund's Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact at the measurement date.
Long-term debt and other fixed-income securities are valued at the last quoted or evaluated bid price on the valuation date provided by an independent pricing service provider approved by the Board. If there are no current day bids, the security is valued at the previously applied bid. Pricing services generally price debt securities assuming orderly transactions of an institutional "round lot" size and the strategies employed by the Fund’s investment adviser generally trade in round lot sizes. In certain circumstances, some trades may occur in smaller "odd lot" sizes which may be effected at lower or higher prices than institutional round lot trades. Short-term debt securities (such as commercial paper and U.S. treasury bills) having a remaining maturity of 60 days or less are valued at amortized cost, if it represents the best approximation of fair value. Debt and other fixed-income securities are generally determined to be Level 2 investments.
Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund; a "government money market fund" pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended, which has an objective, which is not guaranteed, to maintain a $1.00 per share net asset value. Registered investment companies are valued at their net asset value as reported by such company. Generally, these investment types are categorized as Level 1 investments.
Derivatives are valued at fair value. Exchange traded derivatives are generally Level 1 investments and over-the-counter derivatives are generally Level 2 investments. Forward foreign currency contracts are generally valued based on the bid price of the forward rates and the current spot rate. Forward exchange rate quotations are available for scheduled settlement dates, such as 1-, 3-, 6-, 9- and 12-month periods. An interpolated valuation is derived based on the actual settlement dates of the forward contracts held. Futures contracts are valued at the settlement price or at the last bid price if no settlement price is available. Interest rate swaps agreements are generally valued by an approved pricing agent based on the terms of the swap agreement (including future cash flows).
In the event that a security’s market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which they trade closed before the Valuation Time), the security is valued at fair value as determined by the Fund's Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Board. Under normal circumstances the Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time). A security that has been fair valued by the Fund's Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.
Aberdeen Asia-Pacific Income Fund, Inc.