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 811-21636
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
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(Exact name of registrant as specified in charter)
1001 Warrenville Road, Suite 300
LISLE, IL 60532
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(Address of principal executive offices) (Zip code)
W. Scott Jardine, Esq.
First Trust Portfolios L.P.
1001 Warrenville Road, Suite 300
LISLE, IL 60532
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(Name and address of agent for service)
Registrant's telephone number, including area code: (630) 241-4141
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Date of fiscal year end: DECEMBER 31
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Date of reporting period: SEPTEMBER 30, 2007
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Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule(s) of Investments is attached herewith.
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a)
SEPTEMBER 30, 2007 (UNAUDITED)
PRINCIPAL
VALUE MARKET
(LOCAL STATED VALUE
CURRENCY) DESCRIPTION COUPON MATURITY (US DOLLARS)
---------------- --------------------------------------------------------- -------- ---------- --------------
BONDS AND NOTES (b) - 134.8%
ARGENTINA - 6.0%
2,300,000 Banco Hipotecario SA (USD) .............................. 9.75% 04/27/16 $ 2,282,750
9,872,162 Republic of Argentina (ARS) (c) ......................... 2.00% 02/04/18 4,682,273
15,830,000 Republic of Argentina (USD) ............................. 7.00% 04/17/17 12,732,142
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19,697,165
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AUSTRALIA - 6.4%
11,000,000 Australian Government (AUD) ............................. 6.00% 02/15/17 9,656,849
5,000,000 New South Wales Treasury Corp. (AUD) .................... 8.00% 03/01/08 4,457,901
8,100,000 Queensland Treasury (AUD) ............................... 6.00% 10/14/15 6,920,044
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21,034,794
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BRAZIL - 8.4%
5,750,000 Brazil Citigroup (USD) .................................. 15.00% 07/02/10 3,572,623
29,603,000 Electropaulo Metropolitan (BRL) ......................... 19.13% 06/28/10 17,765,030
5,360,000 Isa Capital do Brasil SA (USD) .......................... 7.88% 01/30/12 5,453,800
1,950,000 Nota do Tesouro Nacional (BRL) .......................... 10.00% 01/01/17 977,054
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27,768,507
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CANADA - 11.8%
12,500,000 Canadian Government (CAD) ............................... 10.00% 06/01/08 13,037,124
7,000,000 Canadian Government (CAD) ............................... 5.25% 06/01/13 7,391,153
15,000,000 Province of Manitoba (NZD) .............................. 6.38% 09/01/15 10,610,367
10,965,000 Province of Ontario (NZD) ............................... 6.25% 06/16/15 7,668,939
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38,707,583
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CHINA - 2.2%
5,800,000 Parkson Retail Group Ltd. (USD) ......................... 7.88% 11/14/11 6,155,627
1,230,000 Parkson Retail Group Ltd. (USD) ......................... 7.13% 05/30/12 1,219,238
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7,374,865
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COLOMBIA - 5.3%
11,613,000,000 Republic of Colombia (COP) .............................. 11.75% 03/01/10 5,914,054
10,440,000 Republic of Colombia (USD) .............................. 7.38% 09/18/37 11,495,484
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17,409,538
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DOMINICAN REPUBLIC - 2.7%
4,550,000 Cerveceria Nacional Dominica (USD) (c) .................. 16.00% 03/27/12 5,278,000
3,190,000 Dominican Republic (USD) ................................ 8.63% 04/20/27 3,604,700
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8,882,700
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ECUADOR - 2.6%
7,190,000 Republic of Ecuador (USD) ............................... 9.38% 12/15/15 7,046,200
1,550,000 Republic of Ecuador (USD) ............................... 10.00% 08/15/30 1,402,750
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8,448,950
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EGYPT - 4.5%
44,500,000 Arab Republic of Egypt (EGP) ............................ 8.75% 07/18/12 8,023,937
6,620,000 Egypt Government Bond (EGP) ............................. 9.10% 07/12/10 1,210,724
See Notes to Quarterly Portfolio of Investments. Page 1
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)
PRINCIPAL
VALUE MARKET
(LOCAL STATED VALUE
CURRENCY) DESCRIPTION COUPON MATURITY (US DOLLARS)
---------------- --------------------------------------------------------- -------- ---------- --------------
BONDS AND NOTES (b) - (CONTINUED)
EGYPT - (CONTINUED)
4,285,000 Egypt Government Bond (EGP) ............................. 9.35% 08/16/10 $ 790,495
12,360,000 Egypt Government Bond (EGP) ............................. 9.10% 09/20/12 2,248,027
15,000,000 Egypt Treasury Bill (EGP) ............................... (d) 03/25/08 2,596,913
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14,870,096
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FINLAND - 3.1%
4,581,000 Republic of Finland (GBP) ............................... 9.38% 02/03/10 10,199,895
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GERMANY - 3.6%
3,650,000 KfW International Finance (CAD) ......................... 4.95% 10/14/14 3,754,537
11,000,000 KfW Kredit Wiederaufbau (NZD) ........................... 6.00% 07/15/09 8,038,837
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11,793,374
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GHANA - 1.9%
6,130,000 Republic of Ghana (USD) ................................. 8.50% 10/04/17 6,251,987
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INDIA - 2.9%
380,300,000 JPMorgan Chase Bank NA (INR) ............................ 8.07% 06/19/08 9,586,834
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INDONESIA - 10.8%
7,000,000 Adaro Finance BV (USD) .................................. 8.50% 12/08/10 7,364,959
7,900,000 BLT Finance BV (USD) .................................... 7.50% 05/15/14 7,404,204
11,500,000,000 Indonesian Government (IDR) ............................. 11.00% 12/15/12 1,356,616
113,000,000,000 Indonesian Government (IDR) ............................. 12.50% 03/15/13 14,140,446
970,000 Majapahit Holding BV (USD) .............................. 7.75% 10/17/16 987,399
4,260,000 Majapahit Holding BV (USD) .............................. 7.25% 06/28/17 4,210,448
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35,464,072
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KAZAKHSTAN - 1.2%
4,100,000 Intergas Finance BV (USD) ............................... 6.38% 05/14/17 3,956,500
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MEXICO - 2.2%
1,250,000 Desarrolladora Homex SA (USD) ........................... 7.50% 09/28/15 1,250,000
66,300,000 Mexican Fixed Rate Bonds (MXN) .......................... 8.00% 12/07/23 6,099,959
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7,349,959
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MULTINATIONAL - 17.7%
17,600,000 Asian Development Bank (AUD) ............................ 5.50% 02/15/16 14,469,563
8,540,000 Council of Europe (AUD) ................................. 5.50% 08/15/08 7,487,974
18,800,000 European Investment Bank (NZD) .......................... 6.50% 09/10/14 13,427,629
11,000,000 European Investment Bank (TRY) .......................... 18.50% 03/20/09 9,384,176
12,000,000 International Bank Reconstruction & Development (NZD) ... 6.38% 07/15/09 8,809,661
2,240,000 Nordic Investment Bank (GBP) ............................ 5.75% 11/06/08 4,574,938
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58,153,941
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NETHERLANDS - 2.4%
11,000,000 Bank Nederlandse Gemeenten NV (NZD) ..................... 5.25% 06/17/09 7,939,174
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Page 2 See Notes to Quarterly Portfolio of Investments.
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)
PRINCIPAL
VALUE MARKET
(LOCAL STATED VALUE
CURRENCY) DESCRIPTION COUPON MATURITY (US DOLLARS)
---------------- --------------------------------------------------------- -------- ---------- --------------
BONDS AND NOTES (b) - (CONTINUED)
NIGERIA - 2.2%
7,500,000 GTB Finanace BV (USD) ................................... 8.50% 01/29/12 $ 7,200,000
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NORWAY - 2.8%
4,500,000 Kommunalbanken AS (GBP) ................................. 4.75% 01/28/10 9,087,476
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PAKISTAN - 1.3%
4,880,000 Islamic Republic of Pakistan (USD) ...................... 6.88% 06/01/17 4,233,400
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PERU - 1.5%
13,900,000 Peru Bono Soberano (PEN) ................................ 7.84% 08/12/20 5,070,920
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PHILIPPINES - 1.9%
5,545,000 Republic of Philippines (USD) ........................... 8.25% 01/15/14 6,196,815
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RUSSIA - 2.7%
7,800,000 GPB Eurobond (Gazprombank) (RUB) ........................ 7.25% 02/22/10 314,202
91,998,467 Red Arrow International Leasing PLC (RUB) ............... 8.38% 03/31/12 3,774,934
4,800,000 UBS (Vimpelcom) (USD) ................................... 8.25% 05/23/16 4,932,000
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9,021,136
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SPAIN - 2.9%
11,500,000 Instituto de Credito Oficial (AUD) ...................... 5.50% 10/11/12 9,619,572
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TURKEY - 4.5%
3,020,000 Turkey Government Bond (TRY) ............................ 14.00% 01/19/11 2,374,552
14,920,000 Turkey Government Bond (TRY) ............................ 16.00% 03/07/12 12,501,857
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14,876,409
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UKRAINE - 4.5%
7,300,000 Alfa Bank Ukraine (USD) ................................. 9.75% 12/22/09 7,236,961
4,700,000 EX-IM Bank of Ukraine (USD) ............................. 7.65% 09/07/11 4,716,478
3,000,000 UBS AG Jersey Branch (USD) .............................. 9.13% 06/21/10 2,977,500
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14,930,939
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UNITED KINGDOM - 2.3%
1,500,000 United Kingdom CNVR (GBP) ............................... 9.00% 07/12/11 3,480,064
2,000,000 United Kingdom Treasury (GBP) ........................... 7.25% 12/07/07 4,102,930
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7,582,994
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URUGUAY - 3.1%
138,620,000 Republic Orient Uruguay (UYU) ........................... 5.00% 09/14/18 6,728,690
78,000,000 Republic Orient Uruguay (UYU) ........................... 4.25% 04/05/27 3,575,351
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10,304,041
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VENEZUELA - 9.4%
11,560,000 Republic of Venezuela (USD) ............................. 7.65% 04/21/25 10,375,100
19,760,000 Republic of Venezuela (USD) ............................. 9.25% 09/15/27 20,670,936
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31,046,036
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See Notes to Quarterly Portfolio of Investments. Page 3
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS (a) - (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)
MARKET
VALUE
DESCRIPTION (US DOLLARS)
--------------------------------------------------------- --------------
TOTAL INVESTMENTS - 134.8% ...................................................... $ 444,059,672
(Cost $416,226,051) (e)
LOAN OUTSTANDING - (43.9)% ...................................................... (144,624,000)
NET OTHER ASSETS AND LIABILITIES - 9.1% ......................................... 29,951,451
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NET ASSETS - 100.0% ............................................................. $ 329,387,123
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(a) All percentages shown in the Portfolio of Investments are based on net
assets.
(b) Portfolio securities are included in a country based upon their underlying
credit exposure as determined by Aberdeen Asset Management Inc., the
Sub-Advisor.
(c) Variable rate security. The interest rate shown reflects the rate in
effect at September 30, 2007.
(d) Zero Coupon Treasury bill.
(e) Aggregate cost for federal income tax and financial reporting purposes.
ARS Argentine Peso
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
COP Colombian Peso
EGP Egyptian Pound
EUR Euro Dollar
GBP British Pound Sterling
IDR Indonesian Rupiah
INR Indian Rupee
MYR Malaysian Ringgit
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
PEN Peruvian New Sol
RUB Russian Ruble
TRY Turkish Lira
USD United States Dollar
UYU Uruguayan Peso
Page 4 See Notes to Quarterly Portfolio of Investments.
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
SCHEDULE OF FORWARD FOREIGN CURRENCY CONTRACTS
SEPTEMBER 30, 2007 (UNAUDITED)
FORWARD FOREIGN CURRENCY CONTRACTS TO BUY
CONTRACTS TO RECEIVE
---------------------------------------------------
NET NET
UNREALIZED UNREALIZED
IN APPRECIATION DEPRECIATION
EXPIRATION LOCAL VALUE IN EXCHANGE OF CONTRACTS OF CONTRACTS
DATE CURRENCY (a) U.S. $ U.S. $ U.S. $ U.S. $
---------- --------------------- ------------ ------------ ------------ ------------
10/24/07 AUD 37,369,902 $ 33,121,639 $ 32,324,578 $ 797,061 $ --
12/07/07 AUD 29,373,614 25,986,568 25,000,000 986,568 --
10/24/07 BRL 59,914,000 32,590,764 31,019,733 1,571,031 --
10/24/07 CAD 1,680,000 1,689,530 1,613,907 75,623 --
10/24/07 COP 11,243,449,000 5,541,120 5,713,135 -- (172,015)
10/24/07 EUR 14,177,409 20,230,191 20,000,001 230,190 --
10/24/07 GBP 7,650,000 15,642,982 15,664,775 -- (21,793)
10/24/07 GBP 20,976,004 42,892,452 42,306,664 585,788 --
10/24/07 IDR 113,889,519,000 12,421,374 12,103,031 318,343 --
10/24/07 INR 346,542,000 8,692,925 8,459,465 233,460 --
10/24/07 MXN 32,587,000 2,973,873 2,943,881 29,992 --
10/24/07 MYR 34,184,000 10,043,100 9,964,728 78,372 --
10/24/07 NOK 338,520,250 62,778,115 59,937,549 2,840,566 --
10/24/07 TRY 18,163,000 14,913,927 13,546,088 1,367,839 --
------------ ------------
$ 9,114,833 $ (193,808)
============ ============
FORWARD FOREIGN CURRENCY CONTRACTS TO SELL
CONTRACTS TO DELIVER
---------------------------------------------------
NET NET
UNREALIZED UNREALIZED
IN APPRECIATION DEPRECIATION
EXPIRATION LOCAL VALUE IN EXCHANGE OF CONTRACTS OF CONTRACTS
DATE CURRENCY (a) U.S. $ U.S. $ U.S. $ U.S. $
---------- --------------------- ------------ ------------ ------------ ------------
10/24/07 AUD 39,628,321 $ 35,123,319 $ 33,000,000 $ -- $ (2,123,319)
12/07/07 AUD 30,307,733 26,812,975 25,000,000 -- (1,812,975)
10/24/07 BRL 92,282,000 50,197,634 47,385,895 -- (2,811,739)
10/24/07 CAD 24,458,450 24,597,190 23,626,363 -- (970,827)
10/24/07 COP 11,243,449,000 5,541,120 5,525,036 -- (16,084)
10/24/07 EUR 1,270,000 1,812,203 1,714,943 -- (97,260)
10/24/07 GBP 19,806,308 40,500,617 40,000,000 -- (500,617)
10/24/07 IDR 113,889,519,000 12,421,375 11,919,364 -- (502,011)
10/24/07 INR 346,542,000 8,692,925 8,213,842 -- (479,083)
10/24/07 MXN 98,171,000 8,959,034 9,004,346 45,312 --
10/24/07 NOK 187,631,665 34,796,034 32,272,371 -- (2,523,663)
10/24/07 NZD 77,100,000 58,284,824 60,639,150 2,354,326 --
10/24/07 TRY 42,440,000 34,848,155 31,916,223 -- (2,931,932)
------------ ------------
$ 2,399,638 $(14,769,510)
------------ ------------
Unrealized Appreciation (Depreciation) ......................... $ 11,514,471 $(14,963,318)
============ ============
Net Unrealized Depreciation .................................... $ (3,448,847)
============
(a) Please see page 4 for currency descriptions.
See Notes to Quarterly Portfolio of Investments. Page 5
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO COMPONENTS (a) (b)
SEPTEMBER 30, 2007 (UNAUDITED)
PORTFOLIO COMPONENTS - BY COUNTRY
[THE FOLLOWING TABLE WAS REPRESENTED BY A BAR CHART IN THE PRINTED MATERIAL.]
Multinational 13.1%
Canada 8.7%
Indonesia 8.0%
Venezuela 7.0%
Brazil 6.2%
Australia 4.7%
Argentina 4.4%
Colombia 3.9%
Ukraine 3.4%
Turkey 3.4%
Egypt 3.3%
Germany 2.7%
Uruguay 2.3%
Finland 2.3%
Spain 2.2%
India 2.2%
Norway 2.0%
Russia 2.0%
Dominican Republic 2.0%
Ecuador 1.9%
Netherlands 1.8%
United Kingdom 1.7%
China 1.7%
Mexico 1.7%
Nigeria 1.6%
Ghana 1.4%
Philippines 1.4%
Peru 1.1%
Pakistan 1.0%
Kazakhstan 0.9%
(a) Percentages are based on total investments. Please note that the
percentages on the Portfolio of Investments are based on net assets.
(b) Portfolio securities are included in a country based upon their underlying
credit exposure as determined by Aberdeen Asset Management Inc., the
Sub-Advisor.
See Notes to Quarterly Portfolio of Investments. Page 6
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF COMPONENTS (a)(b) - (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)
PORTFOLIO COMPONENTS - BY INDUSTRY
[THE FOLLOWING TABLE WAS REPRESENTED BY A BAR CHART IN THE PRINTED MATERIAL.]
Foreign Government Bonds 49.4%
Supranational Banks 13.1%
Special Purpose Banks 8.3%
Regional Authority 6.7%
Electric Utilities 5.2%
Commercial Banks 4.1%
Diversified Financial Services 3.7%
Transportation 1.7%
Specialty Retail 1.7%
Energy 1.6%
Beverages 1.2%
Telecommunications 1.1%
Export/Import Banks 1.0%
Gas Utilities 0.9%
Homebuilding 0.3%
(a) Percentages are based on total investments. Please note that the
percentages on the Portfolio of Investments are based on net assets.
(b) Portfolio securities are included in a country based upon their underlying
credit exposure as determined by Aberdeen Asset Management Inc., the
Sub-Advisor.
See Notes to Quarterly Portfolio of Investments. Page 7
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NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS
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FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
SEPTEMBER 30, 2007 (UNAUDITED)
1. VALUATION AND INVESTMENT PRACTICES
A. PORTFOLIO VALUATION:
The net asset value ("NAV") of the Common Shares of First Trust/Aberdeen Global
Opportunity Income Fund (the "Fund") is determined daily, as of the close of
regular trading on the New York Stock Exchange ("NYSE"), normally 4:00 p.m.
Eastern time, on each day the NYSE is open for trading. Domestic debt securities
and foreign securities are priced using data reflecting the earlier closing of
the principal markets for those securities. The NAV per Common Share is
calculated by subtracting the Fund's liabilities (including accrued expenses,
dividends payable and any borrowings of the Fund) from the Fund's Total Assets
(the value of the securities and other investments the Fund holds plus cash or
other assets, including interest accrued but not yet received) and dividing the
result by the total number of Common Shares outstanding.
The Fund's investments are valued daily at market value or, in the absence of
market value with respect to any portfolio securities, at fair value according
to procedures adopted by the Fund's Board of Trustees. A majority of the Fund's
assets are valued using market information supplied by third parties. In
addition, structured products, including currency-linked notes and credit-linked
notes, as well as interest rate swaps and credit default swaps, are valued using
a pricing service or quotes provided by the selling dealer or financial
institution. In the event that market quotations are not readily available, the
pricing service does not provide a valuation for a particular asset, or the
valuations are deemed unreliable, First Trust Advisors L.P. ("First Trust") may
use a fair value method to value the Fund's securities and investments.
Additionally, if events occur after the close of the principal market for
particular securities (e.g., domestic debt and foreign securities), but before
the Fund values its assets, that could materially affect NAV, First Trust may
use a fair value method to value the Fund's securities and investments. The use
of fair value pricing by the Fund is governed by valuation procedures adopted by
the Fund's Board of Trustees and in accordance with the provisions of the
Investment Company Act of 1940, as amended.
Portfolio securities listed on any exchange other than the NASDAQ National
Market ("NASDAQ") are valued at the last sale price on the business day as of
which such value is being determined. If there has been no sale on such day, the
securities are valued at the mean of the most recent bid and asked prices on
such day. Securities traded on the NASDAQ are valued at the NASDAQ Official
Closing Price as determined by NASDAQ. Portfolio securities traded on more than
one securities exchange are valued at the last sale price on the business day as
of which such value is being determined at the close of the exchange
representing the principal market for such securities. Portfolio securities
traded in the over-the-counter market, but excluding securities traded on the
NASDAQ, are valued at the closing bid prices. Short-term investments that mature
in less than 60 days are valued at amortized cost.
B. SECURITIES TRANSACTIONS:
Securities transactions are recorded as of the trade date. Realized gains and
losses from securities transactions are recorded on the identified cost basis.
Securities purchased or sold on a when-issued or delayed-delivery basis may be
settled a month or more after the trade date; interest income on such securities
is not accrued until settlement date. The Fund maintains liquid assets with a
current value at least equal to the amount of its when-issued or
delayed-delivery purchase commitments. At September 30, 2007, the Fund had no
when-issued or delayed-delivery purchase commitments.
C. FORWARD FOREIGN CURRENCY CONTRACTS:
Forward foreign currency contracts are agreements to exchange one currency for
another at a future date and at a specified price. The Fund may use forward
foreign currency contracts to facilitate transactions in foreign securities and
to manage the Fund's foreign currency exposure. These contracts are valued
daily, and the Fund's net equity therein, representing unrealized gain or loss
on the contracts as measured by the difference between the forward foreign
exchange rates at the dates of entry into the contracts and the forward rates at
the reporting date, is included in "Net Other Assets and Liabilities" on the
Portfolio of Investments. Risks arise from the possible inability of
counterparties to meet the terms of their contracts and from movement in
currency and securities values and interest rates. Due to the risks, the Fund
could incur losses up to the entire contract amount, which may exceed the net
unrealized value shown in the Schedule of Forward Foreign Currency Contracts.
D. FOREIGN CURRENCY:
The books and records of the Fund are maintained in U.S. dollars. Foreign
currencies, investments and other assets and liabilities are translated into
U.S. dollars at the exchange rates prevailing at the end of the period.
Purchases and sales of investment securities are translated on the respective
dates of such transactions. Net realized foreign currency gains and losses
include the effect of changes in exchange rates between trade date and
settlement date on investment security and foreign currency transactions.
Page 8
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NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (CONTINUED)
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FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
SEPTEMBER 30, 2007 (UNAUDITED)
2. UNREALIZED APPRECIATION (DEPRECIATION)
As of September 30, 2007, the aggregate gross unrealized appreciation for all
securities in which there was an excess of value over tax cost was $32,507,194
and the aggregate gross unrealized depreciation for all securities in which
there was an excess of tax cost over value was $4,673,573.
Page 9
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive and principal financial officers,
or persons performing similar functions, have concluded that the
registrant's disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the
"1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within
90 days of the filing date of the report that includes the disclosure
required by this paragraph, based on their evaluation of these controls
and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR
270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities
Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or
240.15d-15(b)).
(b) There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17
CFR 270.30a-3(d)) 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.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.
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.
(Registrant) FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
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By (Signature and Title)* /S/ JAMES A. BOWEN
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James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
(principal executive officer)
Date NOVEMBER 5, 2007
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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 (Signature and Title)* /S/ JAMES A. BOWEN
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James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
(principal executive officer)
Date NOVEMBER 5, 2007
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By (Signature and Title)* /S/ MARK R. BRADLEY
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Mark R. Bradley, Treasurer, Controller, Chief
Financial Officer and Chief Accounting Officer
(principal financial officer)
Date NOVEMBER 5, 2007
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* Print the name and title of each signing officer under his or her signature.