Aberdeen Global High Income Fund

Data updated: 2022-01-14

C000016834 — Aberdeen Global High Income Fund. Emerging Markets Value Equity · $137.35M AUM. Holdings, fees, performance and SEC filings.

C000016834 Fund Overview

Aberdeen Global High Income Fund is a US mutual fund managed by Aberdeen Investment Funds, categorised as Emerging Markets Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Aberdeen Investment Funds
Category: Emerging Markets Value Equity
Assets under management: $137.35M
1-year return: 9.5%
SEC CIK: 0000887210
SEC series ID: S000006116
Share class ID: C000016834

C000016834 Investment Objective and Strategy

Aberdeen Global High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aberdeen Investment Funds.

Investment objective

The Aberdeen Global High Income Fund (the Global High Income Fund or the Fund) seeks to maximize total return, principally through a high level of current income,

Principal investment strategy

The Global High Income Fund seeks to achieve its goal by investing primarily in high income producing instruments, rated at the time of purchase below BBB by Standard & Poors Rating Service (S&P), or below Baa3 by Moodys Investors Service, Inc. (Moodys), or below a comparable rating by another nationally recognized statistical rating organization, or unrated bonds determined by the Adviser to be of comparable quality. The Fund may invest in securities rated in the lowest ratings category or in default (i.e., junk bonds). Although the Fund typically invests in high income debt securities, the Fund may also invest in investment grade debt. The Fund normally invests in a diversified portfolio of high income producing securities. The strategy is primarily directed toward U.S. Dollar denominated debt rated below investment grade (i.e., junk bonds) and the Fund ordinarily invests at least 60% of its net assets in U.S.

Dollar denominated securities. However, the Fund may purchase securities denominated in foreign currencies. The Adviser examines the material risks of an investment across a spectrum of considerations including financial metrics, regional and national conditions, industry specific factors and ESG (Environmental, Social and Governance) risks. ESG considerations are fully integrated across all asset classes. The Adviser assesses how these issues are managed and mitigated as well as the opportunities they might create for the issuer. The Fund seeks to invest in securities of issuers that are expected to exhibit stable to improving credit characteristics based on industry trends, company positioning, and management strategy, taking into account the potential positive impact of any restructurings or other corporate reorganizations.

In addition, the Fund may invest in U.S. and non-U.S. Dollar denominated securities issued by foreign public or private sector entities, including those based in the emerging markets. The Fund may invest in debt securities of U.S. or foreign corporate issuers, the U.S. Government, foreign governments, municipalities, domestic or foreign governmental entities or supranational organizations, such as the International Bank for Reconstruction and Development (the World Bank). The Fund may purchase both sovereign debt that trades within the country in which it is issued and sovereign debt that is tradable outside of the country of issuance. The Fund invests in fixed income securities, debt instruments convertible into common stock, preferred stock and swaps. The Fund invests in financial instruments issued by corporations, banks, governments, government entities and supranational organizations.

The Fund ordinarily invests in no fewer than three different countries outside the U.S. Under normal market conditions, the Fund will invest at least 40% of its net assets, plus any borrowings for investment purposes, in securities of non-U.S. issuers. However, the Fund may invest a lesser amount of its assets in securities of non-U.S. issuers when market conditions are not deemed favorable, in which case the Fund would invest at least 30% of its net assets plus any borrowings for investment purposes, in securities of non-U.S. issuers. An issuer is considered a non-U.S. issuer if Fund management determines that the company meets one or more of the following criteria: the company is organized under the laws of or has its principal place of business in a country outside the U.S.; has its principal securities trading market in a country outside the U.S.; and/or derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in a country outside the U.S.

The Fund may invest in debt securities of any maturity. The Fund may invest in restricted securities and private placements including securities issued under Rule 144A and/or Regulation S (Regulation S Securities). The Fund may invest in debt-like instruments (for example, structured notes and equity baskets) that provide exposure to equity markets or indices. The Fund may invest in preferred stocks, asset-backed securities, debt instruments convertible into common stock, income trusts, and swaps. The Fund may invest in bank loans, which include floating and fixed-rate debt securities generally acquired as a participation interest in, or assignment of, a loan originated by a lender or financial institution. The Fund may invest in, enter into, or acquire participation in, delayed funding loans and revolving credit facilities.

The Fund may invest up to 20% of its net assets in global equity securities. The Fund may invest in equity warrants, index warrants, covered warrants, interest rate warrants and long term options of, or relating to, international issuers that trade on an exchange or over-the-counter (OTC). To achieve its investment goal, the Fund may use derivatives under certain market conditions. As of October 31, 2017, the Fund had 0.10% of its net assets invested in derivatives excluding spot foreign exchange contracts. The Fund may use derivatives as a substitute for taking a position or reducing exposure to underlying assets. The Fund expects that derivative instruments will include the purchase and sale of futures contracts, forward contracts, non-deliverable forwards, swaps (including credit default swaps), options (including options on futures and options on swaps), warrants, and structured notes.

In complying with the minimum and maximum investment limitations set forth above, the Fund may include investments in derivatives with an underlying asset with economic characteristics similar to the investments included in such limitation.

C000016834 Performance

Total returns for C000016834 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	9.5%
3 years (annualised)	5.6%

C000016834 Risk Information

Risk metrics for C000016834, derived from monthly returns in SEC filings.

1-year volatility (annualised): 4.7%

C000016834 Costs and Fees

C000016834 costs about $102 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.02%
Gross expense ratio: 1.47%
Portfolio turnover: 99%
Brokerage commissions: 1.14 bps of average net assets (SEC N-CEN)

C000016834 Cashflows

Over the 12 months to 2021-10, Aberdeen Global High Income Fund had net outflows of $15.43M, from monthly SEC N-PORT filings.

Month	Net flow
2021-10	−$7.00M
2021-09	$9.74M
2021-08	−$747.50K
2021-07	−$14.11M
2021-06	−$1.29M
2021-05	−$489.80K

C000016834 Debt Constituents

No individual debt constituents are reported in Aberdeen Global High Income Fund's latest SEC N-PORT filing.

C000016834 Prospectus and SEC Filings

Official Aberdeen Global High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Value Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.