Company: FCO
Filing Date: 2025-01-10
Form Type: N-CSR
Source: 0001104659-25-002474
Chunk: 9

Company: ABRDN GLOBAL INCOME FUND, INC.
Filing Date: 2025-01-10
Form: N-CSR
Chunk 9
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 divided by the number of shares. |

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| 6 | The Fund’s blended benchmark comprises 25% iBoxx Asia Government (U.S. dollar unhedged), 25% ICE BofA Global High Yield Constrained, 35% J.P. Morgan Emerging Markets Bond (EMBI) Global Diversified 
 Index, 10% ICE BofA Merrill Lynch Australian Government, 5% ICE BofA Merrill Lynch New Zealand Government Bond Index.                                                                                |

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| 7 | Usually refers to a fund being exposed by more than 100% of its net asset value to assets or markets; typically resulting from the use of debt or derivatives. |

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| 8 | A portfolio holding an excess amount of a particular security (or sector or region) compared to the security’s weight in the benchmark portfolio. |

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| 9 | A portfolio holding less of a particular security (or sector or region) than the security’s weight in the benchmark portfolio. |

| 4 | abrdn Global Income Fund, Inc. |

Report of the Investment Manager (unaudited) (continued) expect more of that. It is our view that this will be an important pillar of support for the rest of the region, particularly the broader EM complex, especially as intra-regional trade has been an emerging consideration for EMs. Among the broader EMs, there is value in the high-yield and frontier segments. Spreads and yields look attractive, supported by increased market access, continued multilateral support, and progress on debt restructurings. In Latin American local markets, real rates (meaning interest rates that have been adjusted to remove the effects of inflation) are attractive and central banks have more room to cut rates given slower economic growth and contained domestic wage pressures. The Fund, however, is globally focused and has exposure to the U.S. high-yield market. Resilient economic fundamentals provide a good foundation for the credit markets. We expect the outlook for global high-yield credit to hang on the policy priorities of the new Trump administration. A focus on tariffs and immigration could outweigh the positive impulses from lower taxes and deregulation. We expect markets to remain in well-supported even with credit spreads now close to historical tights. Fundamentals remain very solid, and we would look to exploit any dislocations arising from complex geopolitics to add risk at more attractive valuations. Securing income opportunities grounded in robust fundamentals across a