Edgar Filing: ABERDEEN GLOBAL INCOME FUND INC

Aberdeen Global Income Fund,Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number:		811-06342

Exact name of registrant as specified in charter:		Aberdeen Global Income Fund, Inc.

Address of principal executive offices:		1735 Market Street, 32^nd Floor
		Philadelphia, PA 19103

Name and address of agent for service:		Ms. Andrea Melia
		Aberdeen Asset Management Inc.
		1735 Market Street,
		32^nd Floor
		Philadelphia, PA 19103

Registrant’s telephone number, including area code:		866-839-5233

Date of fiscal year end:		October 31

Date of reporting period:		January 31, 2013

Item 1 – Schedule of Investments – The Schedule of Investments for the three-month period ended January 31, 2013 is filed herewith.

Portfolio of Investments (unaudited)

As of January 31, 2013


Principal Amount (000)	Description			Value (US$)
CORPORATE BONDS - 23.9%
AUSTRALIA - 3.4%
			CFS Retail Property Trust,
AUD		500	6.25%, 12/22/2014	$	543,611
			DnB NOR Boligkreditt,
AUD		500	6.25%, 06/08/2016		554,243
			Kommunalbanken AS,
AUD		600	6.00%, 10/21/2014		652,403
			National Capital Trust III,
AUD		500	4.02%, 09/30/2016 (a)(b)(c)		481,727
			St. George Bank Ltd.,
AUD		1,500	10.00%, 05/09/2013 (a)(b)		1,590,900
			Wesfarmers Ltd.,
AUD		500	8.25%, 09/11/2014		558,831

					4,381,715

BRAZIL - 1.4%
			Banco do Brasil SA,
USD		300	6.25%, 04/15/2024 (a)(b)(c)(d)		297,750
			Banco do Estado do Rio Grande do Sul,
USD		200	7.38%, 02/02/2022 (d)		220,000
			Odebrecht Finance Ltd.,
USD		220	7.50%, 09/14/2015 (b)(c)(d)		237,050
			OGX Petroleo e Gas Participacoes SA,
USD		400	8.50%, 06/01/2015 (b)(d)		373,000
			QGOG Constellation SA,
USD		200	6.25%, 11/09/2016 (b)(d)		211,000
			Vale Overseas Ltd.,
USD		220	4.38%, 01/11/2022 (b)		227,226
			Virgolino de Oliveira Finance Ltd.,
USD		200	11.75%, 02/09/2017 (b)(d)		211,500

					1,777,526

CHILE - 0.2%
			Automotores Gildemeister SA,
USD		300	6.75%, 01/15/2018 (b)(d)		310,500

CHINA - 0.8%
			China Overseas Finance Cayman Island II Ltd.,
USD		300	5.50%, 11/10/2020 (b)(d)		334,452
			Country Garden Holdings Co. Ltd.,
USD		200	11.13%, 02/23/2015 (b)(d)		225,500
			Texhong Textile Group Ltd.,
USD		200	7.63%, 01/19/2016 (b)(d)		204,000
			Yancoal International Resources Development Co. Ltd.,
USD		200	5.73%, 05/16/2022 (d)		202,059

					966,011

CROATIA - 0.2%
			Hrvatska Elektroprivreda,
USD		200	6.00%, 11/09/2017 (d)		214,200

DOMINICAN REPUBLIC - 0.2%
			AES Andres Dominicana Ltd.,
USD		250	9.50%, 11/12/2015 (b)(d)		275,000

EGYPT - 0.4%
			African Export-Import Bank,
USD		500	5.75%, 07/27/2016		541,975

EL SALVADOR - 0.2%
			Telemovil Finance Co. Ltd.,
USD		300	8.00%, 10/01/2014 (b)(d)		324,000

GEORGIA - 0.2%
			Georgian Oil and Gas Corp.,
USD		250	6.88%, 05/16/2017 (d)		261,250

GUATEMALA - 0.3%
			Industrial Subordinated Trust,
USD		300	8.25%, 07/27/2021 (d)		334,500

INDONESIA - 0.3%
			Adaro Indonesia PT,
USD		100	7.63%, 10/22/2014 (b)(d)		110,000
			Indosat Palapa Co. BV,
USD		200	7.38%, 07/29/2015 (b)(d)		225,000

					335,000

KAZAKHSTAN - 0.4%
			Kazakhstan Temir Zholy Finance BV,
USD		200	6.95%, 07/10/2042 (d)		249,500
			Zhaikmunai LP Via Zhaikmunai International BV,
USD		310	7.13%, 11/13/2016 (b)(d)		332,475

					581,975

MALAYSIA - 0.1%
			PETRONAS Capital Ltd.,
USD		110	7.88%, 05/22/2022 (d)		155,025

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of January 31, 2013


Principal Amount (000)	Description			Value (US$)
CORPORATE BONDS (continued)
MEXICO - 2.3%
			Alpek SA de CV,
USD		200	4.50%, 11/20/2022 (b)(d)	$	206,500
			Bank of New York Mellon SA Institucion de Banca Multiple,
USD		440	9.63%, 05/02/2018 (b)(d)		435,476
			BBVA Bancomer SA,
USD		250	6.75%, 09/30/2022 (b)(d)		291,250
			Cemex Finance LLC,
USD		200	9.38%, 10/12/2017 (b)(d)		226,000
			Desarrolladora Homex SAB de CV,
USD		200	9.75%, 03/25/2016 (b)(d)		208,000
			Pemex Project Funding Master Trust,
USD		230	5.75%, 03/01/2018 (b)		265,075
			Pemex Project Funding Master Trust,
USD		350	6.63%, 06/15/2035 (b)		422,625
			Pemex Project Funding Master Trust,
USD		240	6.63%, 06/15/2038 (b)		289,800
			Petroleos Mexicanos,
USD		460	6.50%, 06/02/2041 (b)		541,650

					2,886,376

NEW ZEALAND - 4.6%
			Deutsche Bank AG,
NZD		2,000	3.56%, 06/16/2013 (a)(b)		1,637,850
			General Electric Capital Corp.,
NZD		1,000	6.75%, 09/26/2016		909,399
			International Finance Corp.,
NZD		3,800	4.63%, 05/25/2016		3,309,694

					5,856,943

NIGERIA - 0.2%
			Access Finance BV,
USD		250	7.25%, 07/25/2017 (d)		266,211

PERU - 0.4%
			Banco de Credito del Peru,
USD		330	4.75%, 03/16/2016 (b)(d)		350,625
			Corp. Azucarera del Peru SA,
USD		150	6.38%, 08/02/2017 (b)(d)		161,250

					511,875

RUSSIA - 3.9%
			Alfa Bank OJSC Via Alfa Bond Issuance PLC,
USD		200	7.75%, 04/28/2021 (d)		230,600
			Alfa Bank OJSC Via Alfa Bond Issuance PLC,
USD		350	7.88%, 09/25/2017 (d)		396,375
			EuroChem Mineral & Chemical Co. OJSC via EuroChem GI Ltd.,
USD		300	5.13%, 12/12/2017 (d)		308,250
			Evraz Group SA,
USD		200	7.40%, 04/24/2017 (b)(d)		215,500
			Gazprom Neft OAO Via GPN Capital SA,
USD		200	4.38%, 09/19/2022 (d)		200,800
			Home Credit & Finance Bank OOO Via Eurasia Capital SA,
USD		380	9.38%, 04/24/2018 (a)(b)(d)		408,956
			OJSC Novolipetsk Steel via Steel Funding Ltd.,
USD		200	4.95%, 09/26/2019 (d)		202,870
			Russian Agricultural Bank OJSC Via RSHB Capital SA,
RUB		8,600	7.50%, 03/25/2013 (d)		286,980
			RZD Capital Ltd.,
USD		107	5.74%, 04/03/2017		118,074
			RZD Capital Ltd.,
RUB		38,300	8.30%, 04/02/2019 (d)		1,336,774
			Sberbank of Russia Via SB Capital SA,
USD		300	6.13%, 02/07/2022 (d)		342,387
			Sibur Securities Ltd.,
USD		200	3.91%, 01/31/2018 (d)		199,033
			Vimpel Communications OJSC Via VIP Finance Ireland Ltd,
USD		250	9.13%, 04/30/2018 (d)		296,875
			VTB Bank OJSC Via VTB Capital SA,
USD		180	6.55%, 10/13/2020 (d)		199,080
			VTB Bank OJSC Via VTB Capital SA,
USD		200	6.88%, 05/28/2013 (b)(d)		222,500

					4,965,054

SUPRANATIONAL - 1.9%
			European Bank for Reconstruction & Development,
INR		58,500	5.25%, 02/07/2014		1,098,181
			International Bank for Reconstruction & Development,
NZD		1,500	7.50%, 07/30/2014		1,340,194

					2,438,375

TURKEY - 0.6%
			Turkiye Is Bankasi,
USD		200	6.00%, 10/24/2022 (d)		210,000
			Turkiye Vakiflar Bankasi Tao,
USD		200	6.00%, 11/01/2022 (d)		208,130
			Yasar Holdings SA Via Willow No. 2,
USD		300	9.63%, 10/07/2013 (b)(d)		312,750

					730,880

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of January 31, 2013


Principal Amount (000)	Description			Value (US$)
CORPORATE BONDS (continued)
UKRAINE - 0.5%
			Metinvest BV,
USD		270	10.25%, 05/20/2015 (d)	$	285,525
			MHP SA,
USD		370	10.25%, 04/29/2015 (b)(d)		388,500

					674,025

UNITED ARAB EMIRATES - 1.1%
			Abu Dhabi National Energy Co.,
USD		200	3.63%, 01/12/2023 (d)		199,000
			Dubai Electricity & Water Authority,
USD		970	7.38%, 10/21/2020 (d)		1,183,400

					1,382,400

VENEZUELA - 0.3%
			Petroleos de Venezuela SA,
USD		340	8.50%, 11/02/2017 (b)(d)		333,200

Total Corporate Bonds - 23.9% (cost $28,008,201)					30,504,016

GOVERNMENT BONDS - 102.3%
ARGENTINA - 0.5%
			Republic of Argentina,
USD		590	7.00%, 09/12/2013		576,529

AUSTRALIA - 25.5%
			Australia Government Bond,
AUD		700	4.75%, 04/21/2027		803,868
			Australia Government Bond,
AUD		900	5.50%, 01/21/2018		1,046,834
			Australia Government Bond,
AUD		2,910	5.50%, 04/21/2023		3,564,197
			Australia Government Bond,
AUD		4,600	5.75%, 05/15/2021		5,641,752
			Australia Government Bond,
AUD		2,700	5.75%, 07/15/2022		3,346,095
			Australia Government Bond,
AUD		7,170	5.75%, 07/15/2022		8,885,741
			New South Wales Treasury Corp.,
AUD		2,000	6.00%, 04/01/2015		2,212,981
			Queensland Treasury Corp.,
AUD		1,600	6.00%, 06/14/2021 (e)		1,908,190
			Treasury Corp. of Victoria,
AUD		3,400	5.75%, 11/15/2016		3,854,830
			Treasury Corp. of Victoria,
AUD		1,115	6.00%, 06/15/2020		1,320,363

					32,584,851

BRAZIL - 2.0%
			Brazil Notas do Tesouro Nacional Serie F,
BRL		4,501	10.00%, 01/01/2017		2,353,758
			Brazilian Government International Bond,
USD		150	5.63%, 01/07/2041 (b)		181,275

					2,535,033

CANADA - 14.2%
			Canadian Government Bond,
CAD		2,000	8.00%, 06/01/2023		3,108,121
			Canadian Government Bond,
CAD		2,000	9.00%, 06/01/2025		3,471,145
			Canadian Government Bond,
CAD		3,000	10.25%, 03/15/2014		3,309,805
			Hydro Quebec,
CAD		2,000	9.63%, 07/15/2022		3,075,396
			Ontario Electricity Financial Corp.,
CAD		500	8.50%, 05/26/2025		766,678
			Province of British Columbia Canada,
CAD		2,200	8.50%, 08/23/2013		2,294,825
			Province of New Brunswick,
CAD		2,000	7.75%, 01/13/2014		2,117,506

					18,143,476

COLOMBIA - 0.2%
			Colombia Government International Bond,
USD		240	7.38%, 03/18/2019		308,760

COSTA RICA - 0.2%
			Costa Rica Government International Bond,
USD		250	4.25%, 01/26/2023 (d)		256,250

CROATIA - 0.8%
			Croatia Government International Bond,
USD		500	6.25%, 04/27/2017 (d)		550,000
			Croatia Government International Bond,
USD		320	6.63%, 07/14/2020 (d)		366,400
			Croatia Government International Bond,
USD		100	6.75%, 11/05/2019 (d)		114,700

					1,031,100

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of January 31, 2013


Principal Amount (000)	Description			Value (US$)
GOVERNMENT BONDS (continued)
DOMINICAN REPUBLIC - 0.5%
			Dominican Republic International Bond,
USD		160	7.50%, 05/06/2021 (d)	$	182,400
			Dominican Republic International Bond,
USD		400	8.63%, 04/20/2027 (d)		490,000

					672,400

HUNGARY - 0.9%
			Hungary Government Bond,
HUF		132,000	7.00%, 06/24/2022		641,219
			Hungary Government Bond,
HUF		31,000	7.75%, 08/24/2015		151,749
			Hungary Government Bond,
HUF		83,000	8.00%, 02/12/2015		405,526

					1,198,494

LATVIA - 0.5%
			Republic of Latvia,
USD		600	2.75%, 01/12/2020 (d)		586,500

MALAYSIA - 1.2%
			Malaysia Government Bond,
MYR		850	3.21%, 05/31/2013		273,706
			Malaysia Government Bond,
MYR		3,600	4.01%, 09/15/2017		1,197,059

					1,470,765

MEXICO - 2.8%
			Mexico Fixed Rate Bonds,
MXN		3,000	7.25%, 12/15/2016		257,356
			Mexico Fixed Rate Bonds,
MXN		2,700	7.50%, 06/03/2027		252,877
			Mexico Fixed Rate Bonds,
MXN		6,600	8.00%, 12/17/2015		566,580
			Mexico Fixed Rate Bonds,
MXN		3,350	8.00%, 12/07/2023		325,450
			Mexico Government International Bond,
USD		1,780	6.05%, 01/11/2040 (b)		2,229,450

					3,631,713

MONGOLIA - 0.6%
			Mongolia Government International Bond,
USD		300	4.13%, 01/05/2018 (d)		292,500
			Mongolia Government International Bond,
USD		450	5.13%, 12/05/2022 (d)		432,000

					724,500

NEW ZEALAND - 20.4%
			New Zealand Government Bond,
NZD		900	5.00%, 03/15/2019		829,381
			New Zealand Government Bond,
NZD		8,460	5.50%, 04/15/2023		8,167,275
			New Zealand Government Bond,
NZD		7,150	6.00%, 04/15/2015		6,429,480
			New Zealand Government Bond,
NZD		1,700	6.00%, 12/15/2017		1,617,467
			New Zealand Government Bond,
NZD		8,305	6.00%, 05/15/2021		8,185,814
			Province of Manitoba,
NZD		1,000	6.38%, 09/01/2015		895,525

					26,124,942

NIGERIA - 1.3%
			Nigeria Government Bond,
NGN		229,000	15.10%, 04/27/2017		1,664,130

PAKISTAN - 0.1%
			Pakistan Government International Bond,
USD		100	6.88%, 06/01/2017 (d)		89,750

PERU - 0.7%
			Peru Government Bond,
PEN		1,850	7.84%, 08/12/2020		902,273

PHILIPPINES - 0.9%
			Philippine Government International Bond,
USD		850	6.38%, 10/23/2034		1,134,750
			Philippine Government International Bond,
USD		40	8.38%, 06/17/2019		54,350

					1,189,100

POLAND - 0.1%
			Poland Government Bond,
PLN		450	5.75%, 09/23/2022		167,607

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of January 31, 2013


Principal Amount (000)	Description			Value (US$)
GOVERNMENT BONDS (continued)
ROMANIA - 0.9%
			Romanian Government International Bond,
USD		900	6.75%, 02/07/2022 (d)	$	1,083,582

RUSSIA - 0.5%
			Russian Foreign Bond - Eurobond,
USD		500	5.00%, 04/29/2020 (d)		569,375
			Vnesheconombank Via VEB Finance PLC,
USD		100	6.80%, 11/22/2025 (d)		121,250

					690,625

SERBIA - 1.2%
			Republic of Serbia,
USD		200	5.25%, 11/21/2017 (d)		210,000
			Republic of Serbia,
USD		1,150	7.25%, 09/28/2021 (d)		1,336,875

					1,546,875

SOUTH AFRICA - 4.0%
			Eskom Holdings Ltd.,
USD		920	5.75%, 01/26/2021 (b)(d)		1,016,600
			South Africa Government Bond,
ZAR		3,900	7.00%, 02/28/2031		399,021
			South Africa Government Bond,
ZAR		5,090	10.50%, 12/21/2026		723,803
			South Africa Government Bond,
ZAR		19,800	13.50%, 09/15/2015		2,648,048
			South Africa Government International Bond,
USD		160	5.50%, 03/09/2020		184,200
			South Africa Government International Bond,
USD		100	6.25%, 03/08/2041		123,130

					5,094,802

TURKEY - 3.9%
			Turkey Government Bond,
TRY		5,200	9.00%, 01/27/2016		3,187,264
			Turkey Government Bond,
TRY		800	10.50%, 01/15/2020		553,120
			Turkey Government International Bond,
USD		200	5.63%, 03/30/2021		232,984
			Turkey Government International Bond,
USD		560	6.25%, 09/26/2022		683,200
			Turkey Government International Bond,
USD		300	7.50%, 11/07/2019		381,000

					5,037,568

UNITED KINGDOM - 15.1%
			United Kingdom Gilt,
GBP		1,180	8.00%, 09/27/2013		1,964,380
			United Kingdom Gilt,
GBP		3,000	8.00%, 12/07/2015		5,775,832
			United Kingdom Treasury Gilt,
GBP		6,205	4.25%, 12/07/2049		11,573,465

					19,313,677

URUGUAY - 1.0%
			Uruguay Government International Bond,
UYU		11,045	4.25%, 04/05/2027 (f)		694,139
			Uruguay Government International Bond,
UYU		9,658	5.00%, 09/14/2018 (f)		590,147

					1,284,286

VENEZUELA - 2.1%
			Venezuela Government International Bond,
USD		1,080	5.75%, 02/26/2016 (d)		1,044,900
			Venezuela Government International Bond,
USD		650	7.65%, 04/21/2025		591,500
			Venezuela Government International Bond,
USD		200	7.75%, 10/13/2019 (d)		193,300
			Venezuela Government International Bond,
USD		500	11.95%, 08/05/2031 (d)		573,750
			Venezuela Government International Bond,
USD		240	12.75%, 08/23/2022 (d)		288,000

					2,691,450

VIETNAM - 0.2%
			Vietnam Government International Bond,
USD		220	6.88%, 01/15/2016 (d)		242,000

Total Government Bonds - 102.3% (cost $113,079,445)					130,843,038

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of January 31, 2013


Principal Amount (000)	Description			Value (US$)
SHORT-TERM INVESTMENT - 1.0%
UNITED STATES - 1.0%
USD		1,296	Repurchase Agreement, State Street Bank & Trust Co., 0.01% dated 01/31/2013, due 02/01/2013 in the amount of $1,296,000 collateralized by $1,320,000 U.S. Treasury Bonds, 3.13% maturing 11/15/2041; value $1,325,887	$	1,296,000

Total Short-Term Investment - 1.0% (cost $1,296,000)					1,296,000

Total Investments - 127.2% (cost $142,383,646)					162,643,054

Liabilities in Excess of Other Assets - (27.2)%					(34,818,405	)

Net Assets - 100.0%				$	127,824,649

AUD - Australian Dollar

BRL - Brazilian Real

CAD - Canadian Dollar

GBP - British Pound Sterling

HUF - Hungarian Forint

INR - Indian Rupee

MXN - Mexican Peso

MYR - Malaysian Ringgit

NGN - Nigerian Naira

NZD - New Zealand Dollar

PEN - Peruvian Nuevo Sol

PLN - Polish Zloty

RUB - New Russian Ruble

TRY - Turkish Lira

USD - U.S. Dollar

UYU - Uruguayan Peso

ZAR - South African Rand

(a)	Indicates a variable rate security. The maturity date presented for these instruments is the later of the next date on which the security can be redeemed at par or the next date on which the rate of interest is adjusted. The interest rate shown reflects the rate in effect at January 31, 2013.

(b)	The maturity date presented for these instruments represents the next call/put date.

(c)	Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely.

(d)	Denotes a restricted security, see Note (c).

(e)	This security is government guaranteed.

(f)	Inflation linked security.

At January 31, 2013, the Fund’s open forward foreign currency exchange contracts were as follows:

Purchase Contracts

Settlement Date

Counterparty

Amount
Purchased

Amount Sold

Fair Value

Unrealized
Depreciation

South African Rand/United States Dollar

04/19/2013

JPMorgan Chase

ZAR 6,651,000

USD 749,684

736,147

(13,537

)

736,147

(13,537

)

Sale Contracts

Settlement Date

Counterparty

Amount
Purchased

Amount Sold

Fair Value

Unrealized
Appreciation/
(Depreciation)

United States Dollar/Brazilian Real

03/04/2013

JPMorgan Chase

USD 331,930

BRL 678,000

339,484

(7,554

)

United States Dollar/British Pound

04/19/2013

UBS

USD 4,595,429

GBP 2,867,000

4,545,233

50,196

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (concluded)

As of January 31, 2013

Sale Contracts

Settlement Date

Counterparty

Amount
Purchased

Amount Sold

Fair Value

Unrealized
Appreciation/
(Depreciation)

United States Dollar/Hungarian Forint

04/19/2013

Citibank

USD 512,540

HUF 114,161,000

525,249

(12,709

)

United States Dollar/New Zealand Dollar

04/19/2013

UBS

USD 8,704,929

NZD 10,435,000

8,714,096

(9,167

)

United States Dollar/South African Rand

04/19/2013

JPMorgan Chase

USD 738,647

ZAR 6,651,000

736,147

2,500

United States Dollar/Turkish Lira

04/19/2013

Citibank

USD 1,113,256

TRY 1,983,000

1,117,135

(3,879

)

15,977,344

19,387

At January 31, 2013, the Fund’s interest rate swaps were as follows:

Currency

Notional
Amount

Expiration
Date

Counterparty

Receive
(Pay)
Floating
Rate

Floating Rate Index

Fixed
Rate

Unrealized
Appreciation/
(Depreciation)

USD

20,000,000

11/01/2013

Barclays Bank

Receive

3-month LIBOR Index

0.34

(3,307

)

USD

20,000,000

11/01/2017

Barclays Bank

Receive

3-month LIBOR Index

0.84

92,013

88,706

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio Composition (unaudited)

Quality of Investments

As of January 31, 2013, 68.3% of the Fund’s total investments were invested in securities where either the issue or the issuer was rated “A” or better by Standard & Poor’s or Moody’s Investors Service, Inc., or, if unrated, judged to be of equivalent quality by the Investment Manager. The table below shows the asset quality of the Fund’s portfolio as of January 31, 2013, compared with the previous three and twelve months:


	AAA/Aaa		AA/Aa		A		BBB/Baa		BB/Ba*		B*		CCC*
Date	%		%		%		%		%		%		%
January 31, 2013		44.2		17.3		6.8		15.0		11.1		5.5		0.1
October 31, 2012		43.3		18.8		6.6		16.2		8.2		6.6		0.3
January 31, 2012		43.2		20.7		8.8		12.0		8.8		6.5		0.0

*	Below investment grade

Geographic Composition

The Fund’s investments are divided into three categories: Developed Markets, Investment Grade Developing Markets and Sub-Investment Grade Developing Markets. The table below shows the geographical composition (with U.S. Dollar-denominated bonds issued by foreign issuers allocated into country of issuance) of the Fund’s total investments as of January 31, 2013, compared with the previous three and twelve months:


	Developed Markets		Investment Grade Developing Markets		Sub-Investment Grade Developing Markets
Date	%		%		%
January 31, 2013		73.0		13.7		13.3
October 31, 2012		73.6		13.0		13.4
January 31, 2012		76.2		11.6		12.2

Currency Composition

The table below shows the currency composition of the Fund’s total investments as of January 31, 2013, compared with the previous three and twelve months:


	Developed Markets		Investment Grade Developing Markets		Sub-Investment Grade Developing Markets
Date	%		%		%
January 31, 2013		90.6		5.8		3.6
October 31, 2012		92.5		4.4		3.1
January 31, 2012		96.2		2.3		1.5

Maturity Composition

As of January 31, 2013, the average maturity of the Fund’s total investments was 9.3 years, compared with 9.9 years at October 31, 2012 and 10.7 years at January 31, 2012. The table below shows the maturity composition of the Fund’s investments as of January 31, 2013, compared with the previous three and twelve months:


	Under 3 Years		3 to 5 Years		5 to 10 Years		10 Years & Over
Date	%		%		%		%
January 31, 2013		25.7		13.7		34.9		25.7
October 31, 2012		18.9		17.2		36.2		27.7
January 31, 2012		19.1		13.9		28.6		38.4

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited)

January 31, 2013

Summary of Significant Accounting Policies

(a) Security Valuation:

The Fund is required to value its securities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants 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. If there are no current day bids, the security is valued at the previously applied bid. 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, which approximates fair value. Debt and other fixed-income securities are determined as Level 2 investments.

Exchange traded derivatives are generally Level 1 investments and over-the-counter derivatives are generally Level 2 investments.

In the event that a security’s market quotations are not readily available or are deemed unreliable, the fair value of a security is determined by the Fund’s Pricing Committee, taking into account the relevant factors and surrounding circumstances. A security that has been fair valued by the Pricing Committee may be classified as Level 2 or 3 depending on the nature of the inputs.

In accordance with the authoritative guidance on fair value measurements and disclosures under accounting principles generally accepted in the United States of America (“GAAP”), the Fund discloses the fair value of its investments using a three-level hierarchy that classifies the inputs to valuation techniques used to measure the fair value. The hierarchy assigns Level 1 measurements to valuations based upon unadjusted quoted prices in active markets for identical assets and Level 3 measurements to valuations based upon unobservable inputs that are significant to the valuation. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, which are based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. A financial instrument’s level within the fair value hierarchy is based upon the lowest level of any input that is significant to the fair value measurement. The three-tier hierarchy of inputs is summarized below:

Level 1 – quoted prices in active markets for identical investments;

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk); or

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

A summary of standard inputs is listed below:


Security Type		Standard Inputs
Debt and other fixed-income securities		Reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, credit quality, yield, and maturity
Forward foreign currency contracts		Forward exchange rate quotations
Swap agreements		Market information pertaining to the underlying reference assets, i.e., credit spreads, credit event probabilities, fair values, forward rates, and volatility measures

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (continued)

January 31, 2013

The following is a summary of the inputs used as of January 31, 2013 in valuing the Fund’s investments at fair value. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Please refer to the Portfolio of Investments for a detailed breakout of the security types:


Assets	Level 1		Level 2			Level 3
Fixed Income Investments
Corporate Bonds	$	—	$	30,504,016		$	—
Government Bonds		—		130,843,038			—

Total Fixed Income Investments		—		161,347,054			—
Short-Term Investment		—		1,296,000			—

Total Investments	$	—	$	162,643,054		$	—

Other Financial Instruments
Forward Foreign Currency Exchange Contracts	$	—	$	52,696		$	—
Interest Rate Swap Agreements		—		92,013			—

Total Other Financial Instruments	$	—	$	144,709		$	—

Total Assets	$	—	$	162,787,763		$	—

Liabilities
Other Financial Instruments
Forward Foreign Currency Exchange Contracts	$	—	$	(46,846	)	$	—
Interest Rate Swap Agreements		—		(3,307	)		—

Total Liabilities – Other Financial Instruments	$	—	$	(50,153	)	$	—

Amounts listed as “—” are $0 or round to $0.

For movements between the levels within the fair value hierarchy, the Fund has adopted a policy of recognizing transfers at the end of each period. During the period ended January 31, 2013, there were no transfers between Level 1 and Level 2. For the period ended January 31, 2013, there have been no significant changes to the fair valuation methodologies.

(b) Repurchase Agreements:

The Fund may enter into repurchase agreements. It is the Fund’s policy that its custodian/counterparty segregate the underlying collateral securities, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. The repurchase price generally equals the price paid by the Fund plus interest negotiated on the basis of current short-term rates. To the extent that any repurchase transaction exceeds one business day, the collateral is valued on a daily basis to determine its adequacy. If the counterparty defaults and the value of the collateral declines or if bankruptcy proceedings are commenced with respect to the counterparty of the security, realization of the collateral by the Fund may be delayed or limited. The Fund held a repurchase agreement of $1,296,000 as of January 31, 2013.

(c) Restricted Securities:

Restricted securities are privately-placed securities whose resale is restricted under U.S. securities laws. The Fund may invest in restricted securities, including unregistered securities eligible for resale without registration pursuant to Rule 144A and privately-placed securities of U.S. and non-U.S. issuers offered outside the U.S. without registration pursuant to Regulation S under the Securities Act of 1933, as amended (the “1933 Act”). Rule 144A securities may be freely traded among certain qualified institutional investors, such as the Fund, but resale of such securities in the U.S. is permitted only in limited circumstances.

(d) Foreign Currency Translation:

Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at the exchange rate of said currencies against the U.S. Dollar, as of the “Valuation Time,” as provided by an independent pricing service approved by the Board. The Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time).

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (continued)

January 31, 2013

Foreign currency amounts are translated into U.S. Dollars on the following basis:

(i)	market value of investment securities, other assets and liabilities – at the exchange rates at the current daily rates of exchange; and

(ii)	purchases and sales of investment securities, income and expenses – at the rate of exchange prevailing on the respective dates of such transactions.

The Fund isolates that portion of the results of operations arising from changes in the foreign exchange rates due to the fluctuations in the market prices of the securities held at the end of the reporting period. Similarly, the Fund isolates the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of portfolio securities sold during the reporting period.

Net exchange gain/(loss) is realized from sales and maturities of portfolio securities, sales of foreign currencies, settlement of securities transactions, dividends, interest and foreign withholding taxes recorded on the Fund’s books. Net unrealized foreign exchange appreciation/(depreciation) includes changes in the value of portfolio securities and other assets and liabilities arising as a result of changes in the exchange rate. The net realized and unrealized foreign exchange gain/(loss) shown in the composition of net assets represents foreign exchange gain/(loss) for book purposes that may not have been recognized for tax purposes.

Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. Dollar. Generally, when the U.S. Dollar rises in value against foreign currency, the Fund’s investments denominated in that currency will lose value because its currency is worth fewer U.S. Dollars; the opposite effect occurs if the U.S. Dollar falls in relative value.

(e) Derivative Financial Instruments:

The Fund is authorized to use derivatives to manage currency risk, credit risk and interest rate risk and to replicate or as a substitute for physical securities. Losses may arise due to changes in the value of the contract or if the counterparty does not perform under the contract.

Forward Foreign Currency Exchange Contracts:

A forward foreign currency exchange contract (“forward contract”) involves an obligation to purchase and sell a specific currency at a future date at a price set at the time of the contract. Forward contracts are used to manage the Fund’s currency exposure in an efficient manner. They are used to sell unwanted currency exposure that comes with holding securities in a market, or to buy currency exposure where the exposure from holding securities is insufficient to give the desired currency exposure either in absolute terms or relative to the benchmark. The use of forward contracts allows the separation of decision-making between markets and their currencies. The forward contract is marked-to-market daily and the change in market value is recorded by the Fund as unrealized appreciation or depreciation. Forward contracts’ prices are received daily from an independent pricing provider. When the forward contract is closed, the Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts and from unanticipated movements in exchange rates.

Futures Contracts:

The Fund may invest in financial futures contracts (“futures contracts”) for the purpose of hedging its existing portfolio securities or securities that the Fund intends to purchase against fluctuations in value caused by changes in prevailing market interest rates or prices. Futures contracts may also be entered into for non-hedging purposes; however, in those instances, the aggregate initial margin and premiums required to establish the Fund’s positions may not exceed 5% of the Fund’s net asset value after taking into account unrealized profits and unrealized losses on any such contract it has entered.

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (continued)

January 31, 2013

Upon entering into a futures contract, the Fund is required to pledge to the broker an amount of cash and/or other assets equal to a certain percentage of the contract amount. Subsequent payments, known as “variation margin,” are calculated each day, depending on the daily fluctuations in the fair value/market value of the underlying assets. An unrealized gain/(loss) equal to the variation margin is recognized on a daily basis. Futures contracts are valued daily at their last quoted sale price on the exchange on which they are traded.

A “sale” of a futures contract means a contractual obligation to deliver the securities or foreign currency called for by the contract at a fixed price at a specified time in the future. A “purchase” of a futures contract means a contractual obligation to acquire the securities or foreign currency at a fixed price at a specified time in the future.

Should market conditions change unexpectedly, the Fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. The use of futures transactions for hedging purposes involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the value/market value of the underlying hedged assets.

Swaps:

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset or notional principal amount. The Fund will enter into swaps only on a net basis, which means that the two payment streams are netted out, with the Fund receiving or paying, as the case may be, only the net amount of the difference between the two payments. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. The loss incurred by the failure of a counterparty is generally limited to the net interest payment to be received by the Fund, and/or the termination value at the end of the contract. Therefore, the Fund considers the creditworthiness of each counterparty to a swap contract in evaluating potential credit risk. Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying reference asset or index. The Fund records unrealized gains/(losses) on a daily basis representing the value and the current net receivable or payable relating to open swap contracts. Net amounts received or paid on the swap contract are recorded as realized gains/(losses). Fluctuations in the value of swap contracts are recorded for financial statement purposes as unrealized appreciation or depreciation of swap contracts. Realized gains/(losses) from terminated swaps are included in net realized gains/(losses) on swap contracts transactions.

The Fund is a party to International Swap Dealers Association, Inc. Master Agreements (“ISDA Master Agreements”). These agreements are with select counterparties and they govern transactions, including certain over-the-counter derivative and foreign exchange contracts, entered into by the Fund and the counterparty. The ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable ISDA Master Agreement.

(f) Security Transactions, Investment Income and Expenses:

Securities transactions are recorded on the trade date. Realized and unrealized gains/(losses) from security and currency transactions are calculated on the identified cost basis. Interest income is recorded on an accrual basis. Discounts and premiums on securities purchased are accreted or amortized on an effective yield basis over the estimated lives of the respective securities. Expenses are accrued on a daily basis.

(g) Distributions:

The Fund has a managed distribution policy to pay distributions from net investment income supplemented by net realized foreign exchange gains, net realized short-term capital gains and return of capital distributions, if necessary, on a monthly basis. The managed distribution policy is subject to regular review by the Board. The Fund will also declare and pay distributions at least annually from net realized gains on investment transactions and net realized foreign exchange gains, if any. Dividends and distributions to shareholders are recorded on the ex-dividend date.

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (concluded)

January 31, 2013

Dividends and distributions to shareholders are determined in accordance with federal income tax regulations, which may differ from GAAP. These differences are primarily due to differing treatments for foreign currencies, loss deferrals and recognition of market discount and premium.

(h) Federal Income Taxes:

At January 31, 2013, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized appreciation from investments were as follows:


Tax Cost Basis	Appreciation		Depreciation			Net Unrealized Appreciation
$154,359,709	$	10,687,749	$	(2,404,404	)	$	8,283,345

Aberdeen Global Income Fund, Inc.

Item 2 – Controls and Procedures

(a)

It is the conclusion of the Registrant’s principal executive officer and principal financial officer that the effectiveness of the Registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the Registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the Registrant has been accumulated and communicated to the Registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b)

There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3 – Exhibits

(a)

Certifications required pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Aberdeen Global Income Fund, Inc.

By:		/s/ Christian Pittard
		Christian Pittard,
		Principal Executive Officer of Aberdeen Global Income Fund, Inc.

Date: March 26, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.



By:		/s/ Christian Pittard
		Christian Pittard,
		Principal Executive Officer of Aberdeen Global Income Fund, Inc.

Date: March 26, 2013



By:		/s/ Andrea Melia
		Andrea Melia,
		Principal Financial Officer of Aberdeen Global Income Fund, Inc.

Date: March 26, 2013