Statement of Investments
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | |
| CORPORATE BONDS—80.5% | | | |
| AUSTRALIA—5.7% | | | | |
| 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) | | $ | 6,690,000 | |
| USD | | | 6,845 | | | Macquarie Bank Ltd., 3.62%, 06/03/2030 (a) | | | 6,921,003 | |
| AUD | | | 17,000 | | | New South Wales Treasury Corp., 2.00%, 03/20/2031 | | | 11,760,362 | |
| USD | | | 4,000 | | | QBE Insurance Group Ltd., (fixed rate to 05/12/2025, variable rate thereafter), 5.88%, 05/12/2025 (a)(b) | | | 4,230,000 | |
| USD | | | 9,100 | | | Santos Finance Ltd., 4.13%, 06/14/2027 (a)(c) | | | 9,444,495 | |
| AUD | | | 410 | | | Transurban Queensland Finance Pty Ltd., 3.25%, 05/07/2031 (c) | | | 277,076 | |
| AUD | | | 5,000 | | | Treasury Corp. of Victoria, 2.25%, 11/20/2040 | | | 3,187,965 | |
| AUD | | | 23,600 | | | Wesfarmers Ltd., 2.55%, 03/23/2031 (a)(c) | | | 16,000,235 | |
| SGD | | | 250 | | | Westpac Banking Corp., 4.11%, 04/15/2025 | | | 197,114 | |
| | | | | | | | | | 58,708,250 | |
| BAHRAIN—0.3% | | | | | | | |
| USD | | | 2,500 | | | Oil & Gas Holding Co. BSCC, 7.50%, 10/25/2027 (a) | | | 2,675,325 | |
| | | | | | | | | | 2,675,325 | |
| CHINA—19.8% | | | | | | | |
| USD | | | 200 | | | Central China Real Estate Ltd., 7.25%, 03/03/2022 (a)(c) | | | 119,000 | |
| USD | | | 4,610 | | | Central China Real Estate Ltd., 7.65%, 08/27/2022 (a)(c) | | | 2,504,152 | |
| USD | | | 800 | | | Central China Real Estate Ltd., 7.90%, 03/03/2022 (a)(c) | | | 424,000 | |
| CNY | | | 30,000 | | | Central Huijin Investment Ltd., 3.02%, 03/13/2025 | | | 4,756,254 | |
| CNY | | | 10,000 | | | Central Huijin Investment Ltd., 3.67%, 01/16/2024 | | | 1,604,435 | |
| CNY | | | 50,000 | | | China Construction Bank Corp., 3.45%, 08/10/2026 (c) | | | 7,913,553 | |
| USD | | | 3,800 | | | China Construction Bank Corp., (fixed rate to 02/27/2024, variable rate thereafter), 4.25%, 02/27/2024 (a)(c) | | | 3,965,448 | |
| USD | | | 4,000 | | | China Construction Bank Corp., (fixed rate to 06/24/2025, variable rate thereafter), 2.45%, 06/24/2025 (a)(c) | | | 3,984,241 | |
| CNY | | | 120,000 | | | China Development Bank, 3.34%, 07/14/2025 | | | 19,335,252 | |
| | | | 12,500 | | | China Evergrande Group, 8.75%, 03/03/2022 (a)(c) | | | 2,000,000 | |
| USD | | | 3,500 | | | China Oil & Gas Group Ltd., 5.50%, 03/02/2022 (a)(c) | | | 3,513,300 | |
| CNY | | | 40,000 | | | China Petroleum & Chemical Corp., 2.70%, 04/01/2023 | | | 6,301,111 | |
| USD | | | 10,522 | | | Chinalco Capital Holdings Ltd., 4.25%, 04/21/2022 (a) | | | 10,573,558 | |
| USD | | | 7,000 | | | CIFI Holdings Group Co. Ltd., 6.55%, 03/28/2022 (a)(c) | | | 6,440,000 | |
| USD | | | 3,405 | | | CMHI Finance BVI Co. Ltd. (fixed rate to 10/09/2025 variable rate thereafter), 3.88%, 10/09/2025 (a)(b) | | | 3,531,291 | |
| USD | | | 3,600 | | | CNAC HK Finbridge Co. Ltd., 3.88%, 06/19/2029 (a) | | | 3,765,456 | |
| USD | | | 3,320 | | | CNAC HK Finbridge Co. Ltd., 5.13%, 03/14/2028 (a) | | | 3,704,515 | |
| USD | | | 2,522 | | | Country Garden Holdings Co. Ltd., 3.30%, 10/12/2030 (a)(c) | | | 1,929,330 | |
| USD | | | 8,110 | | | Country Garden Holdings Co. Ltd., 7.25%, 04/08/2023 (a)(c) | | | 7,015,150 | |
| MYR | | | 10,000 | | | Country Garden Real Estate Sdn Bhd, 6.40%, 05/06/2022 | | | 2,406,475 | |
| USD | | | 4,526 | | | ENN Clean Energy International Investment Ltd., 3.38%, 05/12/2024 (a)(c) | | | 4,475,552 | |
| USD | | | 3,600 | | | Gansu Provincial Highway Aviation Tourism Investment Group Co. Ltd., 3.25%, 11/03/2023 (a) | | | 3,567,249 | |
| USD | | | 3,000 | | | Geely Automobile Holdings Ltd., 3.63%, 01/25/2023 (a) | | | 3,032,071 | |
| USD | | | 3,962 | | | GLP China Holdings Ltd., 2.95%, 03/29/2026 (a) | | | 3,843,708 | |
| USD | | | 5,400 | | | HBIS Group Hong Kong Co. Ltd., 3.75%, 12/18/2022 (a) | | | 5,416,278 | |
| USD | | | 3,470 | | | Health & Happiness H&H International Holdings Ltd., 5.63%, 03/03/2022 (a)(c) | | | 3,400,600 | |
| USD | | | 2,400 | | | Huarong Finance II Co. Ltd., 5.00%, 11/19/2025 (a) | | | 2,448,000 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | |
| CORPORATE BONDS (CONTINUED) | | | | |
| USD | | | 6,700 | | | Huarong Finance II Co. Ltd., 5.50%, 01/16/2025 (a) | | $ | 6,933,830 | |
| CNY | | | 50,000 | | | Industrial & Commercial Bank of China Ltd. Series A, 4.15%, 11/16/2025 (c) | | | 8,097,280 | |
| USD | | | 700 | | | Kaisa Group Holdings Ltd., 9.75%, 09/28/2022 (a)(c) | | | 187,250 | |
| USD | | | 4,603 | | | Kaisa Group Holdings Ltd., 10.88%, 03/03/2022 (a)(c) | | | 1,231,302 | |
| USD | | | 3,941 | | | Kaisa Group Holdings Ltd., 11.95%, 03/03/2022 (a)(c)(d) | | | 1,015,793 | |
| USD | | | 3,670 | | | King Talent Management Ltd., (Fixed rate to 04/12/2022, variable rate thereafter), 5.60%, 12/04/2022 (a)(b) | | | 3,399,374 | |
| USD | | | 7,800 | | | Logan Group Co. Ltd., 5.25%, 10/19/2023 (a)(c) | | | 5,616,000 | |
| | | | 7,800 | | | Logan Group Co. Ltd., 6.50%, 03/03/2022 (a)(c) | | | 6,084,000 | |
| USD | | | 6,650 | | | Longfor Group Holdings Ltd., 3.95%, 09/16/2029 (a) | | | 6,452,931 | |
| 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) | | | 4,147,103 | |
| USD | | | 2,040 | | | Shandong Iron And Steel Xinheng International Co. Ltd., 4.80%, 07/28/2024 (a) | | | 2,050,302 | |
| USD | | | 3,754 | | | Shandong Iron And Steel Xinheng International Co., Ltd., 6.50%, 11/05/2023 (a) | | | 3,891,847 | |
| | | | 4,000 | | | Shimao Group Holdings Ltd., 4.75%, 02/15/2022 (a)(c) | | | 2,535,200 | |
| USD | | | 2,800 | | | Shimao Group Holdings Ltd., 5.60%, 07/15/2023 (a)(c) | | | 1,288,000 | |
| USD | | | 3,500 | | | Shui On Development Holding Ltd., 6.15%, 08/24/2022 (a)(c) | | | 3,265,500 | |
| USD | | | 2,807 | | | SPIC Luxembourg Latin America Renewable Energy Investment Co. Sarl, 4.65%, 10/30/2023 (a) | | | 2,921,806 | |
| USD | | | 690 | | | Sunac China Holdings Ltd., 5.95%, 01/26/2023 (a)(c) | | | 403,650 | |
| USD | | | 5,714 | | | Sunac China Holdings Ltd., 6.80%, 10/20/2023 (a)(c) | | | 3,399,830 | |
| USD | | | 1,786 | | | Sunac China Holdings Ltd., 7.00%, 07/09/2023 (a)(c) | | | 1,049,275 | |
| USD | | | 7,100 | | | Times China Holdings Ltd., 6.20%, 09/22/2023 (a)(c) | | | 3,195,000 | |
| USD | | | 3,180 | | | Xiaomi Best Time International Ltd., 2.88%, 04/14/2031 (a)(c) | | | 3,013,927 | |
| USD | | | 7,000 | | | Yuzhou Group Holdings Co. Ltd., 8.30%, 11/27/2022 (a)(c) | | | 1,505,000 | |
| USD | | | 10,457 | | | Zhenro Properties Group Ltd., 6.63%, 01/07/2024 (a)(c) | | | 4,391,940 | |
| USD | | | 1,000 | | | Zhenro Properties Group Ltd., 7.10%, 09/10/2023 (a)(c) | | | 435,000 | |
| USD | | | 4,000 | | | Zhenro Properties Group Ltd., 7.88%, 01/14/2023 (a)(c) | | | 1,770,000 | |
| USD | | | 4,156 | | | Zhongsheng Group Holdings Ltd., 3.00%, 12/13/2025 (a)(c) | | | 4,109,973 | |
| | | | | | | | | | 204,361,092 | |
| GERMANY—0.7% | | | | |
| AUD | | | 10,000 | | | Landwirtschaftliche Rentenbank, 4.75%, 04/08/2024 (e) | | | 7,597,174 | |
| HONG KONG—0.8% | | | | |
| USD | | | 7,000 | | | CAS Capital No 1 Ltd. (fixed rate to 07/12/2026, variable rate thereafter), 4.00%, 07/12/2026 (a)(b) | | | 6,956,306 | |
| USD | | | 980 | | | Hutchison Whampoa International 03/33 Ltd., 7.45%, 11/24/2033 (a) | | | 1,416,913 | |
| | | | | | | | | | 8,373,219 | |
| INDIA—18.2% | | | | | | | |
| USD | | | 7,302 | | | Adani Electricity Mumbai Ltd., 3.95%, 02/12/2030 (a) | | | 7,097,813 | |
| USD | | | 6,910 | | | Adani Green Energy UP Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energy Pvt Ltd., 6.25%, 12/10/2024 (a) | | | 7,328,055 | |
| USD | | | 3,050 | | | Adani Transmission Ltd., 4.00%, 08/03/2026 (a) | | | 3,155,988 | |
| USD | | | 3,629 | | | Adani Transmission Ltd., 4.25%, 05/21/2036 (a)(f) | | | 3,636,708 | |
| INR | | | 200,000 | | | Axis Bank Ltd., 7.60%, 10/20/2023 | | | 2,771,440 | |
| INR | | | 500,000 | | | Axis Bank Ltd., 8.85%, 12/05/2024 | | | 7,177,540 | |
| USD | | | 10,900 | | | Axis Bank Ltd. (fixed rate to 09/8/2026, variable rate thereafter), 4.10%, 09/08/2026 (a)(b) | | | 10,540,844 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | |
| CORPORATE BONDS (continued) | | | | |
| USD | | | 7,030 | | | Azure Power Solar Energy Pvt Ltd., 5.65%, 09/24/2022 (a)(c) | | $ | 7,276,050 | |
| USD | | | 3,300 | | | Bharti Airtel International Netherlands BV, 5.35%, 05/20/2024 (a) | | | 3,511,761 | |
| USD | | | 800 | | | CA Magnum Holdings, 5.38%, 10/31/2023 (a)(c) | | | 814,760 | |
| USD | | | 1,200 | | | GMR Hyderabad International Airport Ltd., 4.75%, 02/02/2026 (a) | | | 1,164,120 | |
| USD | | | 5,173 | | | GMR Hyderabad International Airport Ltd., 5.38%, 04/10/2024 (a) | | | 5,211,798 | |
| USD | | | 3,638 | | | Greenko Power II Ltd., 4.30%, 12/14/2024 (a) | | | 3,559,783 | |
| INR | | | 750,000 | | | HDFC Bank Ltd., 7.95%, 09/21/2026 | | | 10,657,211 | |
| USD | | | 7,304 | | | HDFC Bank Ltd., (Fixed rate to 08/25/2026, variable rate thereafter), 3.70%, 08/25/2026 (a)(b) | | | 7,089,993 | |
| INR | | | 100,000 | | | Housing Development Finance Corp. Ltd., 7.90%, 08/24/2026 | | | 1,410,611 | |
| INR | | | 100,000 | | | ICICI Bank Ltd., 7.60%, 10/07/2023 | | | 1,385,810 | |
| INR | | | 250,000 | | | ICICI Bank Ltd., 9.15%, 08/06/2024 | | | 3,627,592 | |
| USD | | | 5,732 | | | IIFL Finance Ltd., 5.88%, 04/20/2023 (a) | | | 5,553,162 | |
| USD | | | 7,072 | | | India Green Power Holdings, 4.00%, 02/22/2024 (a) | | | 6,833,674 | |
| USD | | | 4,000 | | | Indiabulls Housing Finance Ltd., 6.38%, 05/28/2022 (a) | | | 3,968,000 | |
| INR | | | 100,000 | | | Indiabulls Housing Finance Ltd., 9.00%, 04/29/2026 | | | 1,166,822 | |
| INR | | | 50,000 | | | Indian Railway Finance Corp. Ltd., 8.45%, 12/04/2028 | | | 723,779 | |
| USD | | | 3,420 | | | JSW Infrastructure Ltd., 4.95%, 10/21/2028 (a)(c) | | | 3,395,627 | |
| INR | | | 150,000 | | | National Highways Authority of India, 7.70%, 09/13/2029 | | | 2,089,063 | |
| INR | | | 50,000 | | | NTPC Ltd., 8.05%, 05/05/2026 | | | 715,504 | |
| INR | | | 250,000 | | | NTPC Ltd., 8.10%, 05/27/2026 | | | 3,586,442 | |
| USD | | | 3,280 | | | Periama Holdings LLC, 5.95%, 04/19/2026 (a) | | | 3,380,302 | |
| USD | | | 7,112 | | | Power Finance Corp. Ltd., 6.15%, 12/06/2028 (a) | | | 8,204,141 | |
| INR | | | 250,000 | | | Power Finance Corp. Ltd., 8.39%, 04/19/2025 | | | 3,572,957 | |
| INR | | | 400,000 | | | Power Finance Corp. Ltd., 8.65%, 12/28/2024 | | | 5,762,541 | |
| INR | | | 150,000 | | | Power Grid Corp. of India Ltd., 8.13%, 04/25/2027 | | | 2,167,273 | |
| INR | | | 500,000 | | | Power Grid Corp. of India Ltd., 8.13%, 04/25/2028 | | | 7,292,472 | |
| USD | | | 3,689 | | | REC Ltd., 4.75%, 05/19/2023 (a) | | | 3,794,497 | |
| INR | | | 150,000 | | | REC Ltd., 8.10%, 06/25/2024 | | | 2,126,101 | |
| INR | | | 150,000 | | | REC Ltd., 9.34%, 08/25/2024 | | | 2,175,092 | |
| INR | | | 70,000 | | | REC Ltd., 9.35%, 06/15/2022 | | | 954,102 | |
| INR | | | 800,000 | | | Reliance Industries Ltd., 8.30%, 03/08/2022 | | | 10,764,517 | |
| USD | | | 8,000 | | | Shriram Transport Finance Co. Ltd., 4.40%, 03/13/2024 (a) | | | 7,880,000 | |
| INR | | | 300,000 | | | State of Maharashtra India, 7.20%, 08/09/2027 | | | 4,108,019 | |
| USD | | | 3,327 | | | UPL Corp. Ltd., 4.63%, 06/16/2030 (a) | | | 3,397,733 | |
| USD | | | 7,000 | | | Vedanta Resources Ltd., 6.38%, 07/30/2022 (a) | | | 6,926,290 | |
| | | | | | | | | | 187,955,987 | |
| INDONESIA—4.9% | | | | |
| IDR | | | 20,000,000 | | | Adira Dinamika Multi Finance Tbk PT, 7.80%, 10/04/2022 | | | 1,428,313 | |
| IDR | | | 10,000,000 | | | Astra Sedaya Finance PT, 8.80%, 02/13/2022 | | | 696,357 | |
| USD | | | 2,198 | | | Bank Mandiri Persero Tbk PT, 4.75%, 05/13/2025 (a) | | | 2,347,370 | |
| IDR | | | 10,000,000 | | | Bank Rakyat Indonesia Persero Tbk PT, 8.25%, 08/24/2024 | | | 745,724 | |
| USD | | | 7,300 | | | Bank Tabungan Negara Persero Tbk PT, 4.20%, 01/23/2025 (a) | | | 7,321,170 | |
| IDR | | | 10,000,000 | | | Federal International Finance PT, 8.80%, 03/12/2022 | | | 699,416 | |
| USD | | | 5,326 | | | FPC Treasury Ltd., 4.50%, 04/16/2023 (a) | | | 5,483,117 | |
| USD | | | 3,766 | | | Hutama Karya Persero PT, 3.75%, 02/11/2030 (a)(c)(e) | | | 3,889,364 | |
| USD | | | 4,283 | | | Indofood CBP Sukses Makmur Tbk PT, 3.40%, 12/09/2030 (a)(c) | | | 4,096,853 | |
| IDR | | | 20,000,000 | | | Lembaga Pembiayaan Ekspor Indonesia, 8.45%, 07/09/2022 | | | 1,419,274 | |
| USD | | | 5,492 | | | LLPL Capital Pte Ltd., 6.88%, 02/04/2039 (a)(f) | | | 6,025,204 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | |
| CORPORATE BONDS (CONTINUED) | | | | |
| USD | | | 4,565 | | | Medco Oak Tree Pte Ltd., 7.38%, 05/14/2023 (a)(c) | | $ | 4,610,650 | |
| USD | | | 3,129 | | | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 6.15%, 05/21/2048 (a) | | | 3,594,783 | |
| IDR | | | 12,000,000 | | | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 8.25%, 07/05/2023 | | | 877,156 | |
| USD | | | 7,181 | | | Tower Bersama Infrastructure Tbk PT, 2.75%, 12/20/2025 (a)(c) | | | 6,969,104 | |
| | | | | | | | | | 50,203,855 | |
| JAPAN—0.5% | | | | | | | |
| USD | | | 4,850 | | | Nissan Motor Co. Ltd., 4.81%, 06/17/2030 (a)(c) | | | 5,250,866 | |
| KAZAKHSTAN—0.7% | | | | |
| KZT | | | 3,265,000 | | | Development Bank of Kazakhstan JSC, 10.95%, 05/06/2026 (a) | | | 7,410,565 | |
| | | | | | | | | | 7,410,565 | |
| KUWAIT—0.7% | | | | | | | |
| USD | | | 6,759 | | | MEGlobal Canada ULC, 5.00%, 05/18/2025 (a) | | | 7,249,027 | |
| MACAO—0.7% | | | | | | | |
| USD | | | 3,575 | | | MGM China Holdings Ltd., 5.25%, 06/18/2022 (a)(c) | | | 3,535,344 | |
| USD | | | 3,500 | | | MGM China Holdings Ltd., 5.88%, 05/15/2022 (a)(c) | | | 3,486,875 | |
| | | | | | | | | | 7,022,219 | |
| MALAYSIA—1.9% | | | | |
| MYR | | | 5,000 | | | CIMB Group Holdings Bhd, 4.95%, 03/29/2023 (c) | | | 1,223,304 | |
| MYR | | | 5,000 | | | DRB-Hicom Bhd, 5.10%, 12/12/2029 | | | 1,177,879 | |
| MYR | | | 5,000 | | | Malayan Banking Bhd, (fixed rate to 09/25/2024, variable rate thereafter), 4.08%, 09/25/2024 (b) | | | 1,213,499 | |
| MYR | | | 5,000 | | | Pengerang LNG Two Sdn Bhd, 2.86%, 10/20/2028 | | | 1,122,602 | |
| MYR | | | 5,000 | | | Pengerang LNG Two Sdn Bhd, 2.92%, 10/19/2029 | | | 1,108,601 | |
| MYR | | | 10,000 | | | Petroleum Sarawak Exploration & Production Sdn Bhd, 4.10%, 03/19/2031 | | | 2,367,535 | |
| USD | | | 2,600 | | | Petronas Capital Ltd., 3.50%, 01/21/2030 (a)(c) | | | 2,742,272 | |
| MYR | | | 5,000 | | | Press Metal Aluminium Holdings Bhd, 4.00%, 08/15/2025 | | | 1,190,587 | |
| USD | | | 7,000 | | | TNB Global Ventures Capital Bhd, 3.24%, 10/19/2026 (a) | | | 7,188,020 | |
| | | | | | | | | | 19,334,299 | |
| MEXICO—0.6% | | | | | | | |
| MXN | | | 145,000 | | | Petroleos Mexicanos, 7.19%, 09/12/2024 (a) | | | 6,685,836 | |
| NORWAY—0.5% | | | | | | | |
| AUD | | | 7,000 | | | Kommunalbanken AS, 4.50%, 04/17/2023 (a) | | | 5,170,181 | |
| | | | | | | | | | 5,170,181 | |
| OMAN—0.7% | | | | | | | |
| USD | | | 6,950 | | | OQ SAOC, 5.13%, 05/06/2028 (a) | | | 6,992,673 | |
| PAKISTAN—0.9% | | | | |
| USD | | | 8,600 | | | Pakistan Global Sukuk Programme Co.Ltd. (The), 7.95%, 01/31/2029 (a) | | | 8,812,420 | |
| | | | | | | | | | 8,812,420 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | |
| CORPORATE BONDS (continued) | | | |
| PHILIPPINES—4.9% | | | | |
| USD | | | 6,800 | | | AC Energy Finance International Ltd., 5.10%, 11/25/2025 (a)(b) | | $ | 6,868,000 | |
| USD | | | 4,097 | | | Globe Telecom, Inc., (Fixed rate to 08/02/2026, variable rate thereafter), 4.20%, 08/02/2026 (a)(b) | | | 4,102,326 | |
| USD | | | 7,000 | | | ICTSI Treasury BV, 5.88%, 09/17/2025 (a) | | | 7,904,906 | |
| USD | | | 11,000 | | | Manila Water Co., Inc., 4.38%, 07/30/2025 (a)(c) | | | 11,220,000 | |
| USD | | | 13,086 | | | Megaworld Corp., 4.25%, 04/17/2023 (a) | | | 13,494,938 | |
| USD | | | 7,000 | | | Royal Capital BV, (fixed rate to 05/05/2024, variable rate thereafter), 4.88%, 05/05/2024 (a)(b) | | | 7,212,100 | |
| | | | | | | | | | 50,802,270 | |
| SAUDI ARABIA—1.1% | | | | |
| USD | | | 7,000 | | | Dar Al-Arkan Sukuk Co. Ltd., 6.88%, 03/21/2023 (a) | | | 7,201,600 | |
| USD | | | 2,976 | | | Saudi Electricity Global Sukuk Co. 3, 5.50%, 04/08/2044 (a) | | | 3,660,480 | |
| | | | | | | | | | 10,862,080 | |
| SINGAPORE—2.7% | | | | |
| USD | | | 4,300 | | | DBS Group Holdings Ltd., (fixed rate to 02/27/2025, variable rate thereafter), 3.30%, 02/27/2025 (a)(b) | | | 4,316,942 | |
| USD | | | 2,400 | | | DBS Group Holdings Ltd., (fixed rate to 12/11/2023, variable rate thereafter), 4.52%, 12/11/2023 (a)(c) | | | 2,510,597 | |
| USD | | | 4,538 | | | GLP Pte Ltd. (fixed rate to 05/17/2026, variable rate thereafter), 4.50%, 05/17/2026 (a)(b) | | | 4,367,825 | |
| USD | | | 3,800 | | | Parkway Pantai Ltd., (fixed rate to 07/27/2022, variable rate thereafter), 4.25%, 07/27/2022 (a)(b) | | | 3,780,734 | |
| USD | | | 3,682 | | | Singapore Airlines Ltd., 3.00%, 06/20/2026 (a)(c) | | | 3,683,038 | |
| USD | | | 1,687 | | | Singapore Airlines Ltd., 3.38%, 01/19/2029 (a) | | | 1,680,303 | |
| USD | | | 7,000 | | | Vena Energy Capital Pte Ltd., 3.13%, 02/26/2025 (a) | | | 7,051,549 | |
| | | | | | | | | | 27,390,988 | |
| SOUTH KOREA—2.8% | | | | |
| USD | | | 11,400 | | | Busan Bank Co. Ltd., 3.63%, 07/25/2026 (a) | | | 11,659,116 | |
| USD | | | 3,300 | | | Hanwha Total Petrochemical Co. Ltd., 3.88%, 01/23/2024 (a) | | | 3,411,556 | |
| USD | | | 2,000 | | | Kookmin Bank, 2.50%, 11/04/2030 (a) | | | 1,909,841 | |
| USD | | | 5,900 | | | Shinhan Bank Co. Ltd., 4.50%, 03/26/2028 (a) | | | 6,504,817 | |
| USD | | | 2,071 | | | SK Hynix, Inc., 2.38%, 01/19/2031 (a) | | | 1,926,411 | |
| USD | | | 3,650 | | | Tongyang Life Insurance Co. Ltd. (fixed rate to 09/22/2025 variable rate thereafter), 5.25%, 09/22/2025 (a)(b) | | | 3,837,062 | |
| | | | | | | | | | 29,248,803 | |
| TAIWAN—0.2% | | | | | | | |
| USD | | | 2,191 | | | TSMC Arizona Corp., 2.50%, 07/25/2031 (c) | | | 2,161,553 | |
| | | | | | | | | | 2,161,553 | |
| THAILAND—2.8% | | | | |
| USD | | | 1,200 | | | Bangkok Bank PCL, 9.03%, 03/15/2029 (a) | | | 1,598,350 | |
| USD | | | 6,900 | | | Bangkok Bank PCL, (fixed rate to 09/25/2029, variable rate thereafter), 3.73%, 09/25/2029 (a)(c) | | | 6,885,717 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | |
| CORPORATE BONDS (continued) | | | | |
| USD | | | 7,000 | | | Krung Thai Bank PCL, (fixed rate to 03/25/2026, variable rate thereafter), 4.40%, 03/25/2026 (a)(b) | | $ | 6,920,200 | |
| USD | | | 5,800 | | | Minor International PCL, (fixed rate to 06/29/2023, variable rate thereafter), 3.10%, 06/29/2023 (a)(b) | | | 5,833,358 | |
| USD | | | 3,342 | | | PTTEP Treasury Center Co. Ltd., 3.90%, 12/06/2059 (a) | | | 3,338,957 | |
| USD | | | 3,800 | | | TMB Bank PCL, (fixed rate to 12/02/2024, variable rate thereafter), 4.90%, 12/02/2024 (a)(b) | | | 3,777,962 | |
| | | | | | | | | | 28,354,544 | |
| UNITED ARAB EMIRATES—3.3% | | | | |
| MYR | | | 10,000 | | | Abu Dhabi National Energy Co. PJSC, 4.65%, 03/03/2022 | | | 2,391,806 | |
| USD | | | 2,700 | | | DP World PLC, 6.85%, 07/02/2037 (a) | | | 3,374,784 | |
| USD | | | 7,100 | | | Esic Sukuk Ltd., 3.94%, 07/30/2024 (a) | | | 7,206,500 | |
| USD | | | 7,237 | | | Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036 (a)(f) | | | 6,811,979 | |
| USD | | | 6,500 | | | MAF Global Securities Ltd., (fixed rate to 03/20/2026, variable rate thereafter), 6.38%, 03/20/2026 (a)(b) | | | 6,963,450 | |
| USD | | | 6,400 | | | Tabreed Sukuk Spc Ltd., 5.50%, 10/31/2025 (a) | | | 7,104,000 | |
| | | | | | | | | | 33,852,519 | |
| UNITED KINGDOM—4.0% | | | | |
| USD | | | 6,760 | | | HSBC Holdings PLC, (fixed rate to 03/23/2023, variable rate thereafter), 6.25%, 03/23/2023 (b) | | | 6,962,800 | |
| USD | | | 15,500 | | | Hutchison Whampoa Finance CI Ltd., 7.50%, 08/01/2027 (a) | | | 19,334,345 | |
| USD | | | 6,999 | | | Standard Chartered PLC, 3.95%, 01/11/2023 (a) | | | 7,133,420 | |
| USD | | | 5,000 | | | Standard Chartered PLC, 4.05%, 04/12/2026 (a) | | | 5,280,780 | |
| USD | | | 2,759 | | | Standard Chartered PLC, (fixed rate to 04/02/2023, variable rate thereafter), 7.75%, 04/02/2023 (a)(b) | | | 2,903,627 | |
| | | | | | | | | | 41,614,972 | |
| UNITED STATES—0.7% | | | | |
| USD | | | 5,600 | | | Hyundai Capital America, 6.38%, 01/08/2030 (a)(c) | | | 6,825,538 | |
| | | | | | | | | | 6,825,538 | |
| VIETNAM—0.4% | | | | | | | |
| USD | | | 4,310 | | | Mong Duong Finance Holdings BV, 5.13%, 05/07/2023 (a) | | | 3,970,372 | |
| | | | | | | | | | 3,970,372 | |
| | | | | | | Total Corporate Bonds — 80.5% (cost $871,466,329) | | | 828,886,627 | |
| GOVERNMENT BONDS—63.4% | | | | |
| ANGOLA—1.2% | | | | | | | |
| USD | | | 11,000 | | | Angolan Government International Bond, 9.50%, 11/12/2025 (a) | | | 12,013,100 | |
| AUSTRALIA—9.5% | | | | |
| AUD | | | 2,300 | | | Australia Government Bond, 2.75%, 11/21/2029 (a) | | | 1,737,906 | |
| AUD | | | 54,000 | | | Australia Government Bond, 3.25%, 06/21/2039 (a) | | | 43,458,640 | |
| AUD | | | 13,500 | | | New South Wales Treasury Corp., 3.00%, 02/20/2030 (a) | | | 10,123,687 | |
| AUD | | | 7,500 | | | New South Wales Treasury Corp., 4.00%, 05/20/2026 (a) | | | 5,801,571 | |
| AUD | | | 15,000 | | | New South Wales Treasury Corp., 6.00%, 03/01/2022 | | | 10,652,847 | |
| AUD | | | 300 | | | Queensland Treasury Corp., 3.50%, 08/21/2030 (a) | | | 233,485 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | | |
| GOVERNMENT BONDS (continued) | | | | |
| AUD | | | 22,000 | | | Queensland Treasury Corp., 4.25%, 07/21/2023 (a) | | $ | 16,344,290 | |
| AUD | | | 13,000 | | | Treasury Corp. of Victoria, 6.00%, 10/17/2022 | | | 9,569,060 | |
| | | | | | | | | | 97,921,486 | |
| BRAZIL—2.3% | | | | |
| BRL | | | 103,000 | | | Brazil Notas do Tesouro Nacional, 10.00%, 01/01/2029 | | | 18,175,797 | |
| BRL | | | 31,000 | | | Brazil Notas do Tesouro Nacional Series F, 10.00%, 01/01/2027 | | | 5,589,987 | |
| | | | | | | | | | 23,765,784 | |
| CHINA—8.4% | | | | |
| CNY | | | 30,000 | | | China Government Bond, 2.20%, 02/13/2022 (g) | | | 4,713,667 | |
| CNY | | | 40,000 | | | China Government Bond, 2.36%, 07/02/2023 (g) | | | 6,303,000 | |
| CNY | | | 130,000 | | | China Government Bond, 2.68%, 05/21/2030 (g) | | | 20,212,102 | |
| CNY | | | 30,000 | | | China Government Bond, 3.02%, 10/22/2025 (g) | | | 4,815,627 | |
| CNY | | | 60,000 | | | China Government Bond, 3.02%, 05/27/2031 (g) | | | 9,633,877 | |
| CNY | | | 250,000 | | | China Government Bond, 3.27%, 11/19/2030 (g) | | | 40,767,593 | |
| | | | | | | | | | 86,445,866 | |
| INDIA—5.8% | | | | |
| INR | | | 500,000 | | | India Government Bond, 6.19%, 09/16/2034 | | | 6,174,344 | |
| INR | | | 735,000 | | | India Government Bond, 6.79%, 05/15/2027 | | | 10,060,850 | |
| INR | | | 550,000 | | | India Government Bond, 7.17%, 01/08/2028 | | | 7,598,546 | |
| INR | | | 1,340,000 | | | India Government Bond, 7.26%, 01/14/2029 | | | 18,522,698 | |
| INR | | | 880,000 | | | India Government Bond, 7.72%, 05/25/2025 | | | 12,451,901 | |
| INR | | | 300,000 | | | India Government Bond, 8.15%, 11/24/2026 | | | 4,347,186 | |
| INR | | | 9,590 | | | India Government Bond, 9.20%, 09/30/2030 | | | 148,022 | |
| | | | | | | | | | 59,303,547 | |
| INDONESIA—14.4% | | | | |
| USD | | | 5,314 | | | Indonesia Government International Bond, 5.35%, 02/11/2049 | | | 6,456,683 | |
| USD | | | 6,000 | | | Indonesia Government International Bond, 7.75%, 01/17/2038 (a) | | | 8,671,238 | |
| USD | | | 9,880 | | | Indonesia Government International Bond, 8.50%, 10/12/2035 (a) | | | 14,945,467 | |
| IDR | | | 271,570,000 | | | Indonesia Treasury Bond, 6.13%, 05/15/2028 | | | 18,967,603 | |
| IDR | | | 21,000,000 | | | Indonesia Treasury Bond, 6.50%, 02/15/2031 | | | 1,460,889 | |
| IDR | | | 44,000,000 | | | Indonesia Treasury Bond, 7.50%, 04/15/2040 | | | 3,215,408 | |
| IDR | | | 629,200,000 | | | Indonesia Treasury Bond, 8.13%, 05/15/2024 | | | 47,292,810 | |
| IDR | | | 197,000,000 | | | Indonesia Treasury Bond, 8.38%, 04/15/2039 | | | 15,389,341 | |
| IDR | | | 300,000,000 | | | Indonesia Treasury Bond, 8.75%, 05/15/2031 | | | 23,946,600 | |
| IDR | | | 30,000,000 | | | Indonesia Treasury Bond, 9.00%, 03/15/2029 | | | 2,397,789 | |
| IDR | | | 16,000,000 | | | Indonesia Treasury Bond, 9.50%, 07/15/2031 | | | 1,325,744 | |
| USD | | | 3,770 | | | Perusahaan Penerbit SBSN Indonesia III, 4.15%, 03/29/2027 (a) | | | 4,066,209 | |
| | | | | | | | | | 148,135,781 | |
| IRAQ—0.8% | | | | |
| USD | | | 3,750 | | | Iraq International Bond, 5.80%, 03/17/2022 (a) | | | 3,590,625 | |
| USD | | | 4,500 | | | Iraq International Bond, 6.75%, 03/09/2023 (a) | | | 4,533,750 | |
| | | | | | | | | | 8,124,375 | |
| MALAYSIA—7.0% | | | | |
| MYR | | | 46,000 | | | Malaysia Government Bond, 2.63%, 04/15/2031 | | | 10,073,864 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | | |
| GOVERNMENT BONDS (continued) | | | | |
| MYR | | | 158,300 | | | Malaysia Government Bond, 3.48%, 06/14/2024 | | $ | 38,375,884 | |
| MYR | | | 17,500 | | | Malaysia Government Bond, 3.73%, 06/15/2028 | | | 4,226,592 | |
| MYR | | | 9,793 | | | Malaysia Government Bond, 3.76%, 05/22/2040 | | | 2,188,293 | |
| MYR | | | 20,500 | | | Malaysia Government Bond, 4.18%, 07/15/2024 | | | 5,047,179 | |
| MYR | | | 4,034 | | | Malaysia Government Bond, 4.25%, 05/31/2035 | | | 981,856 | |
| MYR | | | 30,500 | | | Malaysia Government Bond, 4.92%, 07/06/2048 | | | 7,806,656 | |
| MYR | | | 18,000 | | | Malaysia Government Investment Issue, 3.45%, 07/15/2036 | | | 3,961,146 | |
| | | | | | | | | | 72,661,470 | |
| MALDIVES—0.2% | | | | |
| USD | | | 2,200 | | | Maldives Sukuk Issuance Ltd., 9.88%, 04/08/2026 (a) | | | 2,176,430 | |
| | | | | | | | | | 2,176,430 | |
| MEXICO—2.3% | | | | |
| MXN | | | 469,000 | | | Mexican Bonos, 8.50%, 05/31/2029 | | | 23,866,070 | |
| | | | | | | | | | 23,866,070 | |
| NIGERIA—1.4% | | | | |
| USD | | | 14,100 | | | Nigeria Government International Bond, 8.75%, 01/21/2031 (a) | | | 14,487,750 | |
| OMAN—0.7% | | | | | | | |
| USD | | | 6,120 | | | Oman Government International Bond, 7.38%, 10/28/2032 (a) | | | 6,946,200 | |
| | | | | | | | | | 6,946,200 | |
| PAKISTAN—4.0% | | | | |
| USD | | | 18,129 | | | Pakistan Government International Bond, 6.88%, 12/05/2027 (a) | | | 17,630,453 | |
| USD | | | 7,495 | | | Pakistan Government International Bond, 8.25%, 04/15/2024 (a) | | | 7,826,279 | |
| USD | | | 5,209 | | | Pakistan Government International Bond, 8.25%, 09/30/2025 (a) | | | 5,477,680 | |
| PKR | | | 1,940,000 | | | Pakistan Investment Bond, 7.00%, 08/20/2023 | | | 10,400,011 | |
| | | | | | | | | | 41,334,423 | |
| SOUTH KOREA—0.7% | | | | |
| KRW | | | 9,900,000 | | | Korea Treasury Bond, 1.88%, 03/10/2051 | | | 7,085,211 | |
| SUPRANATIONAL—1.7% | | | | |
| AUD | | | 14,000 | | | Asian Development Bank, 5.00%, 03/09/2022 | | | 9,948,590 | |
| AUD | | | 10,000 | | | International Bank for Reconstruction & Development, 4.25%, 06/24/2025 | | | 7,681,473 | |
| | | | | | | | | | 17,630,063 | |
| UKRAINE—1.6% | | | | |
| UAH | | | 210,000 | | | Ukraine Government Bond, 15.84%, 02/26/2025 | | | 7,244,011 | |
| USD | | | 10,600 | | | Ukraine Government International Bond, 7.38%, 09/25/2032 (a)(f) | | | 8,945,976 | |
| | | | | | | | | | 16,189,987 | |
| URUGUAY—1.4% | | | | |
| UYU | | | 674,024 | | | Uruguay Government International Bond, 8.25%, 05/21/2031 | | | 14,662,331 | |
| | | | | | | | | | 14,662,331 | |
| | | | | | | Total Government Bonds — 63.4% (cost $693,751,961) | | | 652,749,874 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Principal
Amount
(000) or
Shares | | | Description | | Value
(US$) | |
| | | | | | | |
| SHORT-TERM INVESTMENT—2.6% | | | | |
| UNITED STATES—2.6% | | | | |
| USD | | | 26,365,652 | | | State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.03%(h) | | $ | 26,365,652 | |
| | | | | | | | | | 26,365,652 | |
| | | | | | | Total Short-Term Investment — 2.6% (cost $26,365,652) | | | 26,365,652 | |
| | | | | | | Total Investments — 146.5% (cost $1,591,583,942) | | | 1,508,002,153 | |
| | | | | | | Long Term Debt Securities | | | (460,000,000 | ) |
| | | | | | | Mandatory Redeemable Preferred Stock at Liquidation Value | | | (50,000,000 | ) |
| | | | | | | Other Assets in Excess of Liabilities — 3.1% | | | 31,687,104 | |
| | | | | | | Net Assets—100.0% | | $ | 1,029,689,257 | |
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
UAH—Ukraine hryvna
USD—U.S. Dollar
UYU—Uruguayan Peso
| (a) | Denotes a restricted security. |
| (b) | 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. |
| (c) | The maturity date presented for these instruments represents the next call/put date. |
| (d) | Security is in default. |
| (e) | This security is government guaranteed. |
| (g) | 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. |
| (h) | Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of January 31, 2022. |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
At January 31, 2022, 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%—5 year | | | 114 | | | 03/31/2022 | | $ | 13,771,902 | | | $ | 13,589,156 | | | $ | (182,746 | ) |
| United States Treasury Note 6%—Ultra Bond | | | 268 | | | 03/22/2022 | | | 51,961,041 | | | | 50,635,250 | | | | (1,325,791 | ) |
| | | | | | | | | | | | | | | | | $ | (1,508,537 | ) |
| SHORT CONTRACT POSITIONS | | | | | | | | | | | | | | | | | | |
| United States Treasury Note 6%—10 year | | | (1,114 | ) | | 03/22/2022 | | $ | (143,976,876 | ) | | $ | (142,557,188 | ) | | $ | 1,419,688 | |
| | | | | | | | | | | | | | | | | $ | 1,419,688 | |
| | | | | | | | | | | | | | | | | $ | (88,849 | ) |
At January 31, 2022, 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 | | | | | | | | | | | | | | | | |
| 03/14/2022 | | Citibank N.A. | | CNH | 489,901,384 | | | USD | 76,393,995 | | | $ | 76,711,359 | | | $ | 317,364 | |
| 03/14/2022 | | State Street Bank and Trust | | CNH | 11,216,090 | | | USD | 1,752,751 | | | | 1,756,275 | | | | 3,524 | |
| Indonesian Rupiah/United States Dollar | | | | | | | | | | | | | | | | | | |
| 02/25/2022 | | Royal Bank of Canada | | IDR | 88,694,848,188 | | | USD | 6,129,568 | | | | 6,188,563 | | | | 58,995 | |
| 02/25/2022 | | UBS AG | | IDR | 34,164,210,860 | | | USD | 2,352,585 | | | | 2,383,762 | | | | 31,177 | |
| Philippine Peso/United States Dollar | | | | | | | | | | | | | | | | | | |
| 02/23/2022 | | UBS AG | | PHP | 1,102,492,653 | | | USD | 21,803,733 | | | | 21,574,857 | | | | (228,876 | ) |
| Singapore Dollar/United States Dollar | | | | | | | | | | | | | | | | | | |
| 03/17/2022 | | Royal Bank of Canada | | SGD | 107,818,022 | | | USD | 78,772,021 | | | | 79,796,769 | | | | 1,024,748 | |
| South Korean Won/United States Dollar | | | | | | | | | | | | | | | | | | |
| 02/28/2022 | | Royal Bank of Canada | | KRW | 95,551,880,244 | | | USD | 80,257,902 | | | | 79,233,700 | | | | (1,024,202 | ) |
| Thai Baht/United States Dollar | | | | | | | | | | | | | | | | | | |
| 03/11/2022 | | Citibank N.A. | | THB | 113,158,246 | | | USD | 3,411,731 | | | | 3,398,289 | | | | (13,442 | ) |
| 03/11/2022 | | UBS AG | | THB | 2,909,415,388 | | | USD | 87,043,094 | | | | 87,373,529 | | | | 330,435 | |
| | | | | | | | | | | | | $ | 358,417,103 | | | $ | 499,723 | |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (concluded)
January 31, 2022 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.
Sale Contracts
Settlement Date* | | Counterparty | | Amount
Purchased | | | Amount
Sold | | | Fair Value | | | Unrealized
Appreciation/
(Depreciation) | |
| | | | | | | | | | | | | | | |
| United States Dollar/Australian Dollar | | | | | | | | | | | | | | | |
| 04/22/2022 | | UBS AG | | USD | 8,463,838 | | | AUD | 11,700,000 | | | $ | 8,276,098 | | | $ | 187,740 | |
| United States Dollar/Chinese Yuan Renminbi Offshore | | | | | | | | | | | |
| 03/14/2022 | | Citibank N.A. | | USD | 46,560,836 | | | CNH | 298,855,659 | | | | 46,796,406 | | | | (235,570 | ) |
| 03/14/2022 | | Standard Chartered Bank | | USD | 4,917,583 | | | CNH | 31,345,262 | | | | 4,908,208 | | | | 9,375 | |
| United States Dollar/Indonesian Rupiah | | | | | | | | | | | | | | | |
| 02/25/2022 | | Citibank N.A. | | USD | 3,454,303 | | | IDR | 49,678,400,159 | | | $ | 3,466,243 | | | $ | (11,940 | ) |
| 02/25/2022 | | Royal Bank of Canada | | USD | 36,095,162 | | | IDR | 522,297,000,000 | | | | 36,442,565 | | | | (347,403 | ) |
| 02/25/2022 | | UBS AG | | USD | 2,446,480 | | | IDR | 35,363,243,161 | | | | 2,467,422 | | | | (20,942 | ) |
| United States Dollar/Malaysian Ringgit | | | | | | | | | | | | | | |
| 02/15/2022 | | BNP Paribas S.A. | | USD | 42,086,890 | | | MYR | 175,842,815 | | | | 41,993,054 | | | | 93,836 | |
| United States Dollar/Philippine Peso | | | | | | | | | | | | | | |
| 02/23/2022 | | UBS AG | | USD | 11,964,198 | | | PHP | 604,962,500 | | | | 11,838,609 | | | | 125,589 | |
| United States Dollar/South Korean Won | | | | | | | | | | | | | | |
| 02/28/2022 | | Royal Bank of Canada | | USD | 1,334,591 | | | KRW | 1,569,866,153 | | | | 1,301,767 | | | | 32,824 | |
| | | | | | | | | | | | | $ | 157,490,372 | | | $ | (166,491 | ) |
| | | | | | | | | | | | | $ | 515,907,475 | | | $ | 333,232 | |
* Certain contracts with different trade dates and like characteristics have been shown net.
At January 31, 2022, the Fund held the following centrally cleared interest rate swaps:
| Currency | | Notional
Amount | | | Expiration
Date | | Counterparty | | | Receive
(Pay)
Floating
Rate | | Floating Rate
Index | | Fixed
Rate | | | Premiums
Paid
(Received) | | | Unrealized
Appreciation/
(Depreciation) | | | Value | |
| USD | | | 10,000,000 | | | 12/03/2026 | | Citigroup | | | Receive | | 3-month LIBOR | | | 1.33 | % | | $ | — | | | $ | 134,033 | | | $ | 134,033 | |
| USD | | | 6,000,000 | | | 02/12/2027 | | Citigroup | | | Receive | | 3-month LIBOR | | | 0.75 | % | | | — | | | | 253,210 | | | | 253,210 | |
| USD | | | 20,000,000 | | | 06/10/2027 | | Citigroup | | | Receive | | 3-month LIBOR | | | 0.70 | % | | | — | | | | 1,014,652 | | | | 1,014,652 | |
| USD | | | 9,000,000 | | | 09/21/2028 | | Citigroup | | | Receive | | 3-month LIBOR | | | 1.17 | % | | | — | | | | 298,874 | | | | 298,874 | |
| USD | | | 15,000,000 | | | 05/06/2030 | | Citigroup | | | Receive | | 3-month LIBOR | | | 0.62 | % | | | (7,332 | ) | | | 1,372,800 | | | | 1,365,468 | |
| USD | | | 5,000,000 | | | 05/11/2030 | | Citigroup | | | Receive | | 3-month LIBOR | | | 0.67 | % | | | — | | | | 437,672 | | | | 437,672 | |
| USD | | | 25,000,000 | | | 06/02/2031 | | Citigroup | | | Receive | | 3-month LIBOR | | | 0.72 | % | | | — | | | | 2,409,944 | | | | 2,409,944 | |
| USD | | | 20,000,000 | | | 07/16/2031 | | Citigroup | | | Receive | | 3-month LIBOR | | | 1.36 | % | | | — | | | | 827,886 | | | | 827,886 | |
| | | | | | | | | | | | | | | | | | | | $ | (7,332 | ) | | $ | 6,749,071 | | | $ | 6,741,739 | |
See accompanying Notes to Portfolio of Investments.
Notes to Portfolio of Investments (unaudited)
January 31, 2022
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 manager 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" (as defined below)), 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.
