NPORT-EX 1 Aberdeen_Global_Opp_Inc.htm
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments
March 31, 2019 (Unaudited)
Principal
Value
(Local
Currency) 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
(US Dollars)
FOREIGN SOVEREIGN BONDS AND NOTES (a) – 98.6%
    Angola – 1.0%            
1,300,000  
Angolan Government International Bond (USD) (b)
  9.38%   05/08/48   $1,409,070
    Argentina – 1.8%            
45,500,000  
Argentina POM Politica Monetaria, ARLLMONP (ARS) (c)
  66.27%   06/21/20   1,179,575
940,000  
Argentine Republic Government International Bond (USD)
  5.63%   01/26/22   812,630
715,039  
Argentine Republic Government International Bond (USD)
  8.28%   12/31/33   581,863
        2,574,068
    Australia – 4.5%            
7,945,000  
Treasury Corp. of Victoria (AUD)
  6.00%   10/17/22   6,482,338
    Bahrain – 0.6%            
800,000  
Bahrain Government International Bond (USD)
  7.00%   01/26/26   863,040
    Brazil – 6.4%            
20,700,000  
Brazil Notas do Tesouro Nacional, Series F (BRL)
  10.00%   01/01/21   5,527,362
13,800,000  
Brazil Notas do Tesouro Nacional, Series F (BRL)
  10.00%   01/01/29   3,760,221
        9,287,583
    Canada – 4.2%            
6,449,000  
Canadian Government Bond (CAD)
  8.00%   06/01/23   6,072,682
    Costa Rica – 1.0%            
720,000  
Costa Rica Government International Bond (USD)
  4.25%   01/26/23   684,007
219,000  
Costa Rica Government International Bond (USD)
  7.00%   04/04/44   209,528
511,000  
Costa Rica Government International Bond (USD)
  7.16%   03/12/45   495,032
        1,388,567
    Czech Republic – 0.7%            
20,910,000  
Czech Republic Government Bond (CZK)
  5.70%   05/25/24   1,091,325
    Dominican Republic – 0.5%            
660,000  
Dominican Republic International Bond (USD)
  5.50%   01/27/25   680,632
    Ecuador – 2.3%            
2,180,000  
Ecuador Government International Bond (USD) (b)
  8.75%   06/02/23   2,291,725
949,000  
Ecuador Government International Bond (USD) (b)
  10.75%   01/31/29   1,048,882
        3,340,607
    Egypt – 2.3%            
474,000  
Egypt Government International Bond (USD) (b)
  7.60%   03/01/29   487,730
380,000  
Egypt Government International Bond (USD) (b)
  8.50%   01/31/47   388,850
1,050,000  
Egypt Government International Bond (USD) (b)
  7.90%   02/21/48   1,021,305
25,600,000  
Egypt Treasury Bills (EGP)
  (d)   08/20/19   1,398,089
        3,295,974
    El Salvador – 1.5%            
900,000  
El Salvador Government International Bond (USD)
  5.88%   01/30/25   877,509
1,240,000  
El Salvador Government International Bond (USD)
  7.65%   06/15/35   1,294,262
        2,171,771
    France – 0.6%            
561,000  
French Republic Government Bond OAT (EUR)
  3.25%   05/25/45   921,395
    Germany – 0.6%            
508,000  
Bundesrepublik Deutschland Bundesanleihe (EUR)
  2.50%   08/15/46   854,561
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
Principal
Value
(Local
Currency) 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
(US Dollars)
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)
    Ghana – 2.8%            
1,340,000  
Ghana Government International Bond (USD)
  8.13%   01/18/26   $1,378,525
1,450,000  
Ghana Government International Bond (USD) (b)
  7.63%   05/16/29   1,420,896
6,200,000  
Republic of Ghana Government Bond (GHS)
  21.50%   03/09/20   1,218,248
        4,017,669
    Indonesia – 2.5%            
20,750,000,000  
Indonesia Treasury Bond (IDR)
  5.63%   05/15/23   1,386,316
30,400,000,000  
Indonesia Treasury Bond (IDR)
  8.38%   03/15/34   2,196,656
        3,582,972
    Iraq – 1.5%            
428,000  
Iraq International Bond (USD) (b)
  6.75%   03/09/23   434,817
1,760,000  
Iraq International Bond (USD)
  5.80%   01/15/28   1,694,372
        2,129,189
    Italy – 4.5%            
2,762,000  
Italy Buoni Poliennali Del Tesoro (EUR)
  9.00%   11/01/23   4,123,307
1,600,000  
Italy Buoni Poliennali Del Tesoro (EUR)
  7.25%   11/01/26   2,430,218
        6,553,525
    Japan – 10.0%            
1,219,050,000  
Japan Government Ten Year Bond (JPY)
  0.10%   06/20/27   11,260,500
252,850,000  
Japan Government Thirty Year Bond (JPY)
  2.40%   03/20/37   3,136,221
        14,396,721
    Kenya – 0.4%            
590,000  
Kenya Government International Bond (USD)
  6.88%   06/24/24   607,116
    Malaysia – 2.2%            
13,000,000  
Malaysia Government Bond (MYR)
  3.89%   03/15/27   3,202,022
    Mexico – 4.8%            
62,700,000  
Mexican Bonos (MXN)
  8.00%   06/11/20   3,242,366
26,500,000  
Mexican Bonos (MXN)
  6.50%   06/09/22   1,316,136
20,000,000  
Mexican Bonos (MXN)
  10.00%   12/05/24   1,132,154
27,000,000  
Mexican Bonos (MXN)
  5.75%   03/05/26   1,230,105
        6,920,761
    Nigeria – 2.8%            
1,130,000,000  
Nigeria Government Bond (NGN)
  12.50%   01/22/26   2,898,246
663,000  
Nigeria Government International Bond (USD) (b)
  7.88%   02/16/32   690,715
513,000  
Nigeria Government International Bond (USD) (b)
  7.63%   11/28/47   500,418
        4,089,379
    Norway – 0.6%            
7,511,000  
Norway Government Bond (NOK) (b)
  1.75%   02/17/27   888,097
    Oman – 0.5%            
770,000  
Oman Government International Bond (USD) (b)
  6.75%   01/17/48   686,012
    Peru – 3.7%            
16,000,000  
Peruvian Government International Bond (PEN)
  6.90%   08/12/37   5,418,452
    Poland – 7.8%            
14,444,000  
Republic of Poland Government Bond (PLN)
  2.50%   01/25/23   3,837,073
17,100,000  
Republic of Poland Government Bond (PLN)
  4.00%   10/25/23   4,822,642
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
Principal
Value
(Local
Currency) 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
(US Dollars)
FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)
    Poland (Continued)            
10,000,000  
Republic of Poland Government Bond (PLN)
  2.50%   07/25/27   $2,573,709
        11,233,424
    Portugal – 1.1%            
1,088,000  
Portugal Obrigacoes do Tesouro OT (EUR) (b)
  5.65%   02/15/24   1,545,499
    Russia – 6.2%            
510,000,000  
Russian Federal Bond - OFZ (RUB)
  7.05%   01/19/28   7,254,763
90,000,000  
Russian Federal Bond - OFZ (RUB)
  7.70%   03/23/33   1,305,113
400,000  
Russian Foreign Bond - Eurobond (USD)
  5.88%   09/16/43   447,736
        9,007,612
    Rwanda – 1.0%            
1,440,000  
Rwanda International Government Bond (USD)
  6.63%   05/02/23   1,485,583
    Saudi Arabia – 0.6%            
805,000  
Saudi Government International Bond (USD) (b)
  4.38%   04/16/29   840,320
    South Africa – 4.7%            
61,110,000  
Republic of South Africa Government Bond (ZAR)
  10.50%   12/21/26   4,675,341
2,200,000  
Republic of South Africa Government International Bond (USD)
  4.88%   04/14/26   2,184,767
        6,860,108
    Spain – 2.4%            
2,111,000  
Spain Government Bond (EUR) (b)
  5.90%   07/30/26   3,256,447
100,000  
Spain Government Bond (EUR) (b)
  5.15%   10/31/44   180,187
        3,436,634
    Supranationals – 0.7%            
8,550,000  
European Investment Bank (SEK)
  1.25%   05/12/25   960,913
    Suriname – 0.5%            
675,000  
Suriname Government International Bond (USD) (b)
  9.25%   10/26/26   665,887
    Tanzania – 0.1%            
193,340  
Tanzania Government International Bond, 6 Mo. LIBOR + 6.00% (USD) (c)
  8.69%   03/09/20   197,312
    Turkey – 5.3%            
47,500,000  
Turkey Government Bond (TRY)
  8.80%   09/27/23   5,512,062
18,100,000  
Turkey Government Bond (TRY)
  10.50%   08/11/27   2,116,617
        7,628,679
    Ukraine – 1.2%            
1,370,000  
Ukraine Government International Bond (USD) (b)
  7.75%   09/01/24   1,323,025
716,000  
Ukraine Government International Bond (USD) (b)
  (d)   05/31/40   458,702
        1,781,727
    United Kingdom – 2.7%            
754,000  
United Kingdom Gilt (GBP)
  4.25%   12/07/27   1,257,547
1,250,000  
United Kingdom Gilt (GBP)
  4.25%   12/07/49   2,706,814
        3,964,361
   
Total Foreign Sovereign Bonds and Notes
  142,533,587
    (Cost $146,249,724)            
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
Principal
Value
(Local
Currency) 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
(US Dollars)
FOREIGN CORPORATE BONDS AND NOTES (a) (e) – 23.8%
    Argentina – 0.3%            
525,000  
Genneia S.A. (USD) (b)
  8.75%   01/20/22   $477,750
    Bahrain – 0.5%            
650,000  
Oil and Gas Holding Co. BSCC (The) (USD) (b)
  8.38%   11/07/28   729,040
    Barbados – 0.6%            
750,000  
Sagicor Finance 2015 Ltd. (USD) (b)
  8.88%   08/11/22   795,937
    Brazil – 4.1%            
780,000  
CSN Resources S.A. (USD) (b)
  7.63%   02/13/23   783,900
850,000  
GTL Trade Finance, Inc. (USD)
  7.25%   04/16/44   956,165
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
575,000  
Odebrecht Drilling Norbe VIII/IX Ltd. (USD)
  6.35%   12/01/21   568,531
1,830,000  
Petrobras Global Finance BV (USD)
  8.75%   05/23/26   2,168,550
1,520,000  
Petrobras Global Finance BV (USD)
  6.90%   03/19/49   1,506,928
        5,999,149
    China – 0.4%            
308,000  
Yingde Gases Investment Ltd. (USD) (b)
  6.25%   01/19/23   311,288
280,000  
Yingde Gases Investment Ltd. (USD)
  6.25%   01/19/23   282,990
        594,278
    Colombia – 0.3%            
429,000  
Banco GNB Sudameris S.A. (USD) (b) (i)
  6.50%   04/03/27   441,874
    Congo – 0.5%            
720,000  
HTA Group Ltd. (USD)
  9.13%   03/08/22   753,414
    Dominican Republic – 1.4%            
1,860,000  
AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad Itabo (USD) (b)
  7.95%   05/11/26   1,983,225
    Ecuador – 0.4%            
484,000  
International Airport Finance S.A. (USD) (b)
  12.00%   03/15/33   518,364
    Georgia – 1.1%            
540,000  
Bank of Georgia JSC (USD) (b)
  6.00%   07/26/23   542,062
975,000  
Georgian Oil and Gas Corp. JSC (USD) (b)
  6.75%   04/26/21   1,005,492
        1,547,554
    Guatemala – 0.5%            
735,000  
Comunicaciones Celulares S.A. Via Comcel Trust (USD) (b)
  6.88%   02/06/24   765,778
    Honduras – 0.3%            
396,000  
Inversiones Atlantida S.A. (USD) (b)
  8.25%   07/28/22   404,415
    India – 0.5%            
756,000  
Vedanta Resources PLC (USD) (b)
  6.13%   08/09/24   692,455
    Indonesia – 0.5%            
760,000  
Medco Platinum Road Pte Ltd. (USD) (b)
  6.75%   01/30/25   741,416
    Jamaica – 0.3%            
380,000  
Digicel Group One Ltd. (USD) (b)
  8.25%   12/30/22   233,700
660,000  
Digicel Group Two Ltd. (USD) (b)
  8.25%   09/30/22   226,050
        459,750
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
Principal
Value
(Local
Currency) 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
(US Dollars)
FOREIGN CORPORATE BONDS AND NOTES (a) (e) (Continued)
    Kazakhstan – 1.5%            
1,350,000  
KazMunayGas National Co. JSC (USD)
  4.75%   04/19/27   $1,387,584
789,000  
Tengizchevroil Finance Co. International Ltd. (USD) (b)
  4.00%   08/15/26   771,532
        2,159,116
    Mexico – 1.9%            
750,000  
BBVA Bancomer S.A. (USD) (i)
  5.13%   01/18/33   692,437
13,950,000  
Petroleos Mexicanos (MXN)
  7.19%   09/12/24   605,498
750,000  
Sixsigma Networks Mexico SA de CV (USD) (b)
  7.50%   05/02/25   734,625
311,000  
Unifin Financiera SAB de CV SOFOM ENR (USD) (b) (i)
  8.88%   (j)   271,351
400,000  
Unifin Financiera SAB de CV SOFOM ENR (USD)
  7.00%   01/15/25   378,000
        2,681,911
    Nigeria – 1.8%            
730,000  
IHS Netherlands Holdco BV (USD) (b)
  9.50%   10/27/21   756,790
770,000  
SEPLAT Petroleum Development Co., PLC (USD) (b)
  9.25%   04/01/23   795,025
1,070,000  
United Bank for Africa PLC (USD) (b)
  7.75%   06/08/22   1,094,994
        2,646,809
    Oman – 0.6%            
892,000  
Oztel Holdings SPC Ltd. (USD) (b)
  6.63%   04/24/28   872,263
    Russia – 1.7%            
1,045,000  
Evraz Group S.A. (USD) (b)
  5.38%   03/20/23   1,060,152
790,000  
Gazprom OAO Via Gaz Capital S.A. (USD)
  4.95%   03/23/27   792,367
600,000  
GTH Finance BV (USD) (b)
  7.25%   04/26/23   641,124
        2,493,643
    South Africa – 0.5%            
690,000  
Liquid Telecommunications Financing PLC (USD)
  8.50%   07/13/22   712,094
    Turkey – 1.5%            
920,000  
Hazine Mustesarligi Varlik Kiralama AS (USD) (b)
  5.00%   04/06/23   868,666
744,000  
Turkiye Vakiflar Bankasi TAO (USD)
  6.00%   11/01/22   648,234
660,000  
Yapi ve Kredi Bankasi AS (USD) (b) (i)
  13.88%   (j)   663,859
        2,180,759
    Ukraine – 2.1%            
770,000  
Metinvest BV (USD) (b)
  8.50%   04/23/26   758,736
860,000  
MHP Lux S.A. (USD) (b)
  6.95%   04/03/26   811,978
19,750,000  
Ukreximbank Via Biz Finance PLC (UAH)
  16.50%   03/02/21   667,962
735,000  
Ukreximbank Via Biz Finance PLC (USD)
  9.63%   04/27/22   743,463
        2,982,139
    Zambia – 0.5%            
750,000  
First Quantum Minerals Ltd. (USD)
  7.50%   04/01/25   720,938
   
Total Foreign Corporate Bonds and Notes
  34,354,071
    (Cost $35,976,229)            
Principal
Value 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
U.S. GOVERNMENT BONDS AND NOTES (a) – 13.2%
$5,816,000  
United States Treasury Note
  8.75%   08/15/20   6,314,336
5,151,000  
United States Treasury Note
  2.63%   05/15/21   5,187,822
2,919,000  
United States Treasury Note
  2.38%   05/15/27   2,922,592
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
Principal
Value 		  Description   Stated
Coupon 		  Stated
Maturity 		  Value
U.S. GOVERNMENT BONDS AND NOTES (a) (Continued)
$4,002,000  
United States Treasury Note
  3.75%   11/15/43   $4,692,501
   
Total U.S. Government Bonds and Notes
  19,117,251
    (Cost $18,806,503)            
    
 
Total Investments – 135.6%
196,004,909
  (Cost $201,032,456) (k)  
 
Outstanding Loans – (41.9)%
(60,572,544)
 
Net Other Assets and Liabilities – 6.3%
9,155,277
 
Net Assets – 100.0%
$144,587,642
    
Forward Foreign Currency Contracts
Settlement
Date 		  Counterparty   Amount
Purchased 		  Amount
Sold 		  Purchase
Value as of
3/31/2019 		  Sale
Value as of
3/31/2019 		  Unrealized
Appreciation/
(Depreciation)
04/11/19   CIT   MXN 42,589,000   USD 2,192,031   $ 2,189,703   $ 2,192,031   $  (2,328)
04/11/19   CIT   PLN 547,000   USD 145,671      142,527      145,671     (3,144)
04/11/19   CIT   ZAR 28,370,000   USD 1,992,119    1,963,254    1,992,119    (28,865)
04/11/19   CIT   USD 5,257,971   AUD 7,456,000    5,257,971    5,295,447    (37,476)
05/23/19   BAR   USD 947,872   BRL 3,564,000      947,872      906,693     41,179
04/11/19   DB   USD 4,943,041   CAD 6,635,000    4,943,041    4,966,606    (23,565)
04/11/19   BAR   USD 2,144,645   MXN 42,589,000    2,144,645    2,189,703    (45,058)
04/11/19   UBS   USD 2,189,029   PLN 8,230,000    2,189,029    2,144,414     44,615
05/23/19   UBS   USD 2,635,865   RUB 173,150,000    2,635,865    2,616,934     18,931
04/11/19   UBS   USD 3,021,642   ZAR 43,189,000    3,021,642    2,988,756     32,886
Net Unrealized Appreciation (Depreciation)
  $(2,825)
    
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 March 31, 2019, securities noted as such amounted to $40,292,425 or 27.9% of net assets.
(c) Floating rate security.
(d) Zero coupon bond.
(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 March 31, 2019. At a predetermined date, the fixed rate will change to a floating rate or a variable rate.
(j) Perpetual maturity.
(k) Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of March 31, 2019, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $6,755,727 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $11,786,099. The net unrealized depreciation was $5,030,372. The amounts presented are inclusive of derivative contracts.
    
ARLLMONP Argentina Blended Historical Policy Rate
LIBOR London Interbank Offered Rate
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
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 March 31, 2019 is as follows:
ASSETS TABLE
  Total
Value at
3/31/2019 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Foreign Sovereign Bonds and Notes*
$ 142,533,587 $ — $ 142,533,587 $ —
Foreign Corporate Bonds and Notes*
 34,354,071  —  34,354,071  —
U.S. Government Bonds and Notes
 19,117,251  —  19,117,251  —
Total Investments
 196,004,909  —  196,004,909  —
Forward Foreign Currency Contracts
 137,611  —  137,611  —
Total
$ 196,142,520 $— $ 196,142,520 $—

 

LIABILITIES TABLE

  Total
Value at
3/31/2019 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Forward Foreign Currency Contracts
$ (140,436) $ — $ (140,436) $ —
    
* See Portfolio of Investments for country breakout.
Restricted Securities
As of March 31, 2019, the Fund held restricted securities as shown in the following table that Aberdeen Standard Investment Inc. has deemed illiquid.
Security Acquisition
Date 		Principal
Value/Shares 		Current Price Carrying
Cost 		  Value   % of
Net
Assets
OAS Finance Ltd., 8.88% 04/18/13 $1,550,000 $0.75 $1,550,000   $11,625   0.01%
OAS Investments GmbH, 8.25%, 10/19/19 10/12/12 460,000 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)
March 31, 2019 (Unaudited)
Credit Quality† % of Total
Fixed-Income
Investments
AAA 17.5%
AA 2.5
AA- 0.6
A+ 7.8
A 5.7
A- 10.0
BBB 10.5
BBB- 5.9
BB+ 5.9
BB 6.3
BB- 5.2
B+ 5.4
B 6.3
B- 6.2
CCC+ 0.3
CCC- 0.1
Not Rated 3.8
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.
    
Industry Classification % of Total
Investments
Sovereigns 79.1%
Government Regional 3.3
Integrated Oils 2.9
Metals & Mining 2.5
Banks 2.3
Exploration & Production 2.0
Wireless Telecommunication Services 1.4
Utilities 1.0
Communications Equipment 0.8
Government Development Banks 0.7
Oil & Gas Services & Equipment 0.6
Pipelines 0.5
Supranationals 0.5
Food & Beverage 0.4
Life Insurance 0.4
Software & Services 0.4
Wireline Telecommunication Services 0.4
Commercial Finance 0.3
Transportation & Logistics 0.3
Power Generation 0.2
Industrial Other 0.0*
Total 100.0%
    
* Amount is less than 0.1%.
    
 
First Trust/Aberdeen Global Opportunity Income Fund (FAM)
Portfolio of Investments (Continued)
March 31, 2019 (Unaudited)
Currency Exposure
Diversification 		% of Total
Investments†
USD 49.6%
JPY 7.3
EUR 6.8
PLN 4.7
BRL 4.3
TRY 3.9
MXN 3.8
RUB 3.0
PEN 2.8
GBP 2.0
ZAR 1.9
IDR 1.8
MYR 1.6
NGN 1.5
EGP 0.7
GHS 0.6
AUD 0.6
ARS 0.6
CAD 0.6
CZK 0.6
SEK 0.5
NOK 0.5
UAH 0.3
Total 100.0%
    
Currency Abbreviations
ARS Argentine Peso
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CZK Czech Republic Koruna
EGP Egyptian Pound
EUR Euro
GBP British Pound Sterling
GHS Ghanaian Cedis
IDR Indonesian Rupiah
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
SEK Swedish Krona
TRY Turkish Lira
UAH Ukrainian Hryvnia
USD United States Dollar
ZAR South African Rand
    
† The weightings include the impact of currency forwards.