NPORT-EX 2 NPORT_197C_7412317013.htm

Statement of Investments

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
CORPORATE BONDS—78.1%
AUSTRALIA—5.8%
USD			6,000			Australia & New Zealand Banking Group Ltd., (fixed rate to 06/15/2026, variable rate thereafter), 6.75%, 06/15/2026 (a)(b)		$	7,050,000
USD			6,845			Macquarie Bank Ltd., 3.62%, 06/03/2030 (b)			7,333,859
AUD			20,000			New South Wales Treasury Corp., 2.00%, 03/20/2031			15,378,031
USD			4,000			QBE Insurance Group Ltd., (fixed rate to 05/12/2025, variable rate thereafter), 5.88%, 05/12/2025 (a)(b)			4,390,000
USD			9,100			Santos Finance Ltd., 4.13%, 06/14/2027 (b)(c)			9,847,200
AUD			410			Transurban Queensland Finance Pty Ltd., 3.25%, 05/07/2031 (c)			315,402
AUD			5,000			Treasury Corp. of Victoria, 2.25%, 11/20/2040			3,691,863
AUD			23,600			Wesfarmers Ltd., 2.55%, 03/23/2031 (b)(c)			17,932,807
SGD			250			Westpac Banking Corp., 4.11%, 04/15/2025			199,316
									66,138,478
CHINA—23.2%
CNY			30,000			Central Huijin Investment Ltd., 3.02%, 03/13/2025			4,634,513
CNY			10,000			Central Huijin Investment Ltd., 3.67%, 01/16/2024			1,577,239
USD			3,700			China Aoyuan Group Ltd., 6.20%, 09/24/2023 (b)(c)			3,073,511
USD			720			China Aoyuan Group Ltd., 6.35%, 02/08/2023 (b)(c)			655,552
USD			3,800			China Construction Bank Corp., (fixed rate to 02/27/2024, variable rate thereafter), 4.25%, 02/27/2024 (b)(c)			4,074,090
USD			4,000			China Construction Bank Corp., (fixed rate to 06/24/2025, variable rate thereafter), 2.45%, 06/24/2025 (b)(c)			4,095,536
CNY			120,000			China Development Bank, 3.34%, 07/14/2025			18,871,227
CNH			8,000			China Development Bank Hong Kong, 3.20%, 09/21/2023			1,238,241
USD			2,680			China Evergrande Group, 8.75%, 08/30/2021 (b)(c)			1,106,191
USD			5,400			China Evergrande Group, 10.00%, 08/30/2021 (b)(c)			2,309,202
USD			3,929			China Huadian Overseas Development 2018 Ltd., (fixed rate to 06/23/2025, variable rate thereafter), 3.38%, 06/23/2025 (a)(b)			4,047,656
CNY			10,000			China National Petroleum Corp., 3.72%, 09/20/2021			1,552,135
USD			1,486			China Oil & Gas Group Ltd., 4.70%, 06/30/2024 (b)(c)			1,499,009
USD			3,500			China Oil & Gas Group Ltd., 5.50%, 08/30/2021 (b)(c)			3,578,739
CNY			40,000			China Petroleum & Chemical Corp., 2.70%, 04/01/2023			6,178,366
USD			10,522			Chinalco Capital Holdings Ltd., 4.25%, 04/21/2022 (b)			10,685,083
USD			7,000			CIFI Holdings Group Co. Ltd., 6.55%, 03/28/2022 (b)(c)			7,213,354
USD			3,405			CMHI Finance BVI Co. Ltd. (fixed rate to 10/09/2025 variable rate thereafter), 3.88%, 10/09/2025 (a)(b)			3,523,426
USD			3,600			CNAC HK Finbridge Co. Ltd., 3.88%, 06/19/2029 (b)			3,825,396
USD			3,320			CNAC HK Finbridge Co. Ltd., 5.13%, 03/14/2028 (b)			3,778,895
USD			2,522			Country Garden Holdings Co. Ltd., 3.30%, 10/12/2030 (b)(c)			2,293,512
USD			8,110			Country Garden Holdings Co. Ltd., 7.25%, 04/08/2023 (b)(c)			8,741,019
MYR			10,000			Country Garden Real Estate Sdn Bhd, 6.40%, 05/06/2022			2,416,114
USD			4,526			ENN Clean Energy International Investment Ltd., 3.38%, 05/12/2024 (b)(c)			4,617,184
USD			3,200			Fufeng Group Ltd., 5.88%, 08/28/2021 (b)			3,208,800
USD			3,600			Gansu Provincial Highway Aviation Tourism Investment Group Co. Ltd., 3.25%, 11/03/2023 (b)			3,554,890
USD			3,000			Geely Automobile Holdings Ltd., 3.63%, 01/25/2023 (b)			3,083,117
USD			4,200			Geely Sweden Finance AB, 4.88%, 11/15/2021 (b)			4,234,290
USD			3,962			GLP China Holdings Ltd., 2.95%, 03/29/2026 (b)			4,023,166
USD			5,400			HBIS Group Hong Kong Co. Ltd., 3.75%, 12/18/2022 (b)			5,386,445

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
CORPORATE BONDS (continued)
USD			3,470			Health & Happiness H&H International Holdings Ltd., 5.63%, 10/24/2021 (b)(c)		$	3,558,725
USD			2,400			Huarong Finance II Co. Ltd., 5.00%, 11/19/2025 (b)			1,668,000
USD			6,700			Huarong Finance II Co. Ltd., 5.50%, 01/16/2025 (b)			4,773,750
CNY			50,000			Industrial & Commercial Bank of China Ltd. Series A, 4.15%, 11/16/2025 (c)			7,924,908
USD			700			Kaisa Group Holdings Ltd., 9.75%, 09/28/2022 (b)(c)			563,500
USD			4,603			Kaisa Group Holdings Ltd., 10.88%, 08/30/2021 (b)(c)			3,867,671
USD			3,941			Kaisa Group Holdings Ltd., 11.95%, 11/12/2021 (b)(c)			3,355,762
USD			6,650			Longfor Group Holdings Ltd., 3.95%, 09/16/2029 (b)			6,975,859
USD			4,083			MCC Holding Hong Kong Corp. Ltd., (fixed rate to 04/20/2024, variable rate thereafter), 2.95%, 04/20/2024 (a)(b)			4,146,695
USD			12,883			Seazen Group Ltd., 6.00%, 08/12/2024 (b)			12,922,553
USD			2,310			Seazen Group Ltd., 6.45%, 06/11/2022 (b)			2,322,686
USD			2,040			Shandong Iron And Steel Xinheng International Co. Ltd., 4.80%, 07/28/2024 (b)			2,049,524
USD			3,754			Shandong Iron And Steel Xinheng International Co., Ltd., 6.50%, 11/05/2023 (b)			3,904,044
USD			7,300			Shanghai Port Group BVI Development 2 Co. Ltd., 2.38%, 04/13/2030 (b)(c)			7,401,813
USD			11,800			Shimao Group Holdings Ltd., 5.60%, 07/15/2023 (b)(c)			12,266,378
USD			1,100			Shimao Group Holdings Ltd., 4.60%, 07/13/2025 (b)(c)			1,093,585
USD			2,807			SPIC Luxembourg Latin America Renewable Energy Investment Co. Sarl, 4.65%, 10/30/2023 (b)			2,995,968
USD			690			Sunac China Holdings Ltd., 5.95%, 01/26/2023 (b)(c)			623,753
USD			5,714			Sunac China Holdings Ltd., 6.80%, 10/20/2023 (b)(c)			5,194,087
USD			1,786			Sunac China Holdings Ltd., 7.00%, 07/09/2023 (b)(c)			1,610,161
USD			3,394			Tencent Holdings Ltd., 3.24%, 12/03/2049 (b)(c)			3,307,826
USD			7,100			Times China Holdings Ltd., 6.20%, 09/22/2023 (b)(c)			6,471,650
USD			7,000			Wuhan Metro Group Co. Ltd., (fixed rate to 12/05/2021, variable rate thereafter), 5.98%, 12/05/2021 (a)(b)			7,093,447
USD			7,280			Xiaomi Best Time International Ltd., 2.88%, 04/14/2031 (b)(c)			7,284,729
USD			6,920			Yango Justice International Ltd., 7.88%, 09/04/2023 (b)(c)			6,107,296
USD			7,457			Zhenro Properties Group Ltd., 6.63%, 01/07/2024 (b)(c)			6,282,956
USD			4,000			Zhenro Properties Group Ltd., 7.88%, 01/14/2023 (b)(c)			3,755,952
USD			4,156			Zhongsheng Group Holdings Ltd., 3.00%, 12/13/2025 (b)(c)			4,248,287
									262,847,463
GERMANY—0.7%
AUD			10,000			Landwirtschaftliche Rentenbank, 4.75%, 04/08/2024 (d)			8,202,902
HONG KONG—2.6%
USD			7,000			CAS Capital No 1 Ltd. (fixed rate to 07/12/2026, variable rate thereafter), 4.00%, 07/12/2026 (a)(b)			7,077,000
USD			754			Far East Consortium International Ltd., 3.75%, 09/08/2021 (b)			750,429
USD			15,500			Hutchison Whampoa Finance CI Ltd., 7.50%, 08/01/2027 (b)			20,480,340
USD			980			Hutchison Whampoa International 03/33 Ltd., 7.45%, 11/24/2033 (b)			1,498,447
									29,806,216
INDIA—16.8%
USD			7,302			Adani Electricity Mumbai Ltd., 3.95%, 02/12/2030 (b)			7,350,264
USD			6,910			Adani Green Energy UP Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energy Pvt Ltd., 6.25%, 12/10/2024 (b)			7,507,715
USD			2,232			Adani International Container Terminal Pvt Ltd., 3.00%, 08/18/2030 (b)			2,167,177
USD			6,500			Adani Ports & Special Economic Zone Ltd., 4.20%, 02/04/2027 (b)(c)			6,821,841

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
CORPORATE BONDS (continued)
USD			3,050			Adani Transmission Ltd., 4.00%, 08/03/2026 (b)		$	3,206,130
USD			3,749			Adani Transmission Ltd., 4.25%, 05/21/2036 (b)(e)			3,831,984
INR			200,000			Axis Bank Ltd., 7.60%, 10/20/2023			2,835,552
INR			500,000			Axis Bank Ltd., 8.85%, 12/05/2024			7,388,665
USD			7,030			Azure Power Solar Energy Pvt Ltd., 5.65%, 09/24/2022 (b)(c)			7,383,356
USD			3,300			Bharti Airtel International Netherlands BV, 5.35%, 05/20/2024 (b)			3,623,829
USD			1,200			GMR Hyderabad International Airport Ltd., 4.75%, 02/02/2026 (b)			1,216,220
USD			5,173			GMR Hyderabad International Airport Ltd., 5.38%, 04/10/2024 (b)			5,277,101
INR			750,000			HDFC Bank Ltd., 7.95%, 09/21/2026			10,809,585
INR			100,000			Housing Development Finance Corp. Ltd., 7.90%, 08/24/2026			1,443,620
INR			100,000			ICICI Bank Ltd., 7.60%, 10/07/2023			1,416,665
INR			250,000			ICICI Bank Ltd., 9.15%, 08/06/2024			3,684,405
USD			5,732			IIFL Finance Ltd., 5.88%, 04/20/2023 (b)			5,524,808
USD			7,072			India Green Power Holdings, 4.00%, 02/22/2024 (b)			7,054,320
USD			4,000			Indiabulls Housing Finance Ltd., 6.38%, 05/28/2022 (b)			3,805,967
INR			200,000			Indiabulls Housing Finance Ltd., 8.90%, 09/26/2021			2,684,516
INR			100,000			Indiabulls Housing Finance Ltd., 9.00%, 04/29/2026			1,026,436
INR			300,000			Indiabulls Housing Finance Ltd., 9.08%, 12/31/2021			3,998,852
INR			50,000			Indian Railway Finance Corp. Ltd., 8.45%, 12/04/2028			733,765
INR			150,000			National Highways Authority of India, 7.70%, 09/13/2029			2,109,595
INR			50,000			NTPC Ltd., 8.05%, 05/05/2026			728,436
INR			250,000			NTPC Ltd., 8.10%, 05/27/2026			3,652,536
USD			7,112			Power Finance Corp. Ltd., 6.15%, 12/06/2028 (b)			8,396,360
INR			250,000			Power Finance Corp. Ltd., 8.39%, 04/19/2025			3,622,338
INR			400,000			Power Finance Corp. Ltd., 8.65%, 12/27/2024			5,840,693
INR			150,000			Power Grid Corp. of India Ltd., 8.13%, 04/25/2027			2,186,396
INR			500,000			Power Grid Corp. of India Ltd., 8.13%, 04/25/2028			7,187,274
USD			3,689			REC Ltd., 4.75%, 05/19/2023 (b)			3,881,829
INR			150,000			REC Ltd., 8.10%, 06/25/2024			2,154,404
INR			150,000			REC Ltd., 9.34%, 08/25/2024			2,219,069
INR			70,000			REC Ltd., 9.35%, 06/15/2022			980,958
USD			2,550			Reliance Industries Ltd., 4.13%, 01/28/2025 (b)			2,786,844
INR			800,000			Reliance Industries Ltd., 8.30%, 03/08/2022			11,025,025
USD			8,000			Shriram Transport Finance Co. Ltd., 4.40%, 03/13/2024 (b)			7,960,000
INR			300,000			State of Maharashtra India, 7.20%, 08/09/2027			4,123,914
USD			8,502			UltraTech Cement Ltd., 2.80%, 08/16/2030 (b)(c)			8,288,934
USD			6,637			UPL Corp. Ltd., 4.63%, 06/16/2030 (b)			7,150,834
USD			5,600			Vedanta Resources Ltd., 6.38%, 07/30/2022 (b)			5,527,760
									190,615,972
INDONESIA—5.9%
IDR			20,000,000			Adira Dinamika Multi Finance Tbk PT, 7.80%, 10/04/2022			1,433,915
IDR			10,000,000			Astra Sedaya Finance PT, 8.80%, 02/13/2022			709,283
USD			2,198			Bank Mandiri Persero Tbk PT, 4.75%, 05/13/2025 (b)			2,435,518
IDR			10,000,000			Bank Rakyat Indonesia Persero Tbk PT, 8.25%, 08/24/2024			736,456
USD			7,300			Bank Tabungan Negara Persero Tbk PT, 4.20%, 01/23/2025 (b)			7,455,369
IDR			10,000,000			Federal International Finance PT, 8.80%, 03/12/2022			711,150
USD			5,326			FPC Treasury Ltd., 4.50%, 04/16/2023 (b)			5,578,985
USD			3,766			Hutama Karya Persero PT, 3.75%, 02/11/2030 (b)(c)(d)			4,053,702
USD			4,283			Indofood CBP Sukses Makmur Tbk PT, 3.40%, 12/09/2030 (b)(c)			4,432,274

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
CORPORATE BONDS (continued)
IDR			20,000,000			Lembaga Pembiayaan Ekspor Indonesia, 8.45%, 07/09/2022		$	1,438,755
USD			5,586			LLPL Capital Pte Ltd., 6.88%, 02/04/2039 (b)(e)			6,528,638
USD			4,565			Medco Oak Tree Pte Ltd., 7.38%, 05/14/2023 (b)(c)			4,838,900
USD			3,400			Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.88%, 07/17/2029 (b)			3,604,000
USD			7,227			Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 4.00%, 12/30/2049 (b)(c)			7,118,595
USD			6,129			Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 6.15%, 05/21/2048 (b)			7,607,621
IDR			12,000,000			Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 8.25%, 07/05/2023			875,467
USD			7,181			Tower Bersama Infrastructure Tbk PT, 2.75%, 12/20/2025 (b)(c)			7,234,858
									66,793,486
JAPAN—0.5%
USD			4,850			Nissan Motor Co. Ltd., 4.81%, 06/17/2030 (b)(c)			5,537,032
KAZAKHSTAN—0.7%
KZT			3,265,000			Development Bank of Kazakhstan JSC, 10.95%, 05/06/2026 (b)			7,705,266
									7,705,266
KUWAIT—0.7%
USD			6,759			MEGlobal Canada ULC, 5.00%, 05/18/2025 (b)			7,554,534
MACAO—0.6%
USD			3,575			MGM China Holdings Ltd., 5.25%, 06/18/2022 (b)(c)			3,664,375
USD			3,500			MGM China Holdings Ltd., 5.88%, 05/15/2022 (b)(c)			3,631,250
									7,295,625
MALAYSIA—1.8%
MYR			5,000			CIMB Group Holdings Bhd, 4.95%, 03/29/2023 (c)			1,222,481
MYR			5,000			DRB-Hicom Bhd, 5.10%, 12/12/2029			1,213,951
MYR			5,000			Malayan Banking Bhd, (fixed rate to 09/25/2024, variable rate thereafter), 4.08%, 09/25/2024 (a)			1,214,976
MYR			5,000			Pengerang LNG Two Sdn Bhd, 2.86%, 10/20/2028			1,149,882
MYR			5,000			Pengerang LNG Two Sdn Bhd, 2.92%, 10/19/2029			1,139,443
MYR			10,000			Petroleum Sarawak Exploration & Production Sdn Bhd, 4.10%, 03/19/2031			2,353,028
USD			2,600			Petronas Capital Ltd., 3.50%, 01/21/2030 (b)(c)			2,843,541
MYR			5,000			Press Metal Aluminium Holdings Bhd, 4.00%, 08/15/2025			1,185,972
USD			7,000			TNB Global Ventures Capital Bhd, 3.24%, 10/19/2026 (b)			7,526,260
									19,849,534
MEXICO—0.6%
MXN			145,000			Petroleos Mexicanos, 7.19%, 09/12/2024 (b)			6,933,178
NORWAY—0.5%
AUD			7,000			Kommunalbanken AS, 4.50%, 04/17/2023 (b)			5,511,250
									5,511,250
OMAN—0.2%
USD			2,765			OQ SAOC, 5.13%, 05/06/2028 (b)			2,771,912

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
CORPORATE BONDS (continued)
PHILIPPINES—3.8%
USD			1,800			AC Energy Finance International Ltd., 5.10%, 11/25/2025 (a)(b)		$	1,890,964
USD			7,000			ICTSI Treasury BV, 5.88%, 09/17/2025 (b)			8,191,720
USD			11,000			Manila Water Co., Inc., 4.38%, 07/30/2025 (b)(c)			11,743,061
USD			13,086			Megaworld Corp., 4.25%, 04/17/2023 (b)			13,805,379
USD			7,000			Royal Capital BV, (fixed rate to 05/05/2024, variable rate thereafter), 4.88%, 05/05/2024 (a)(b)			7,297,500
									42,928,624
SAUDI ARABIA—0.6%
USD			7,000			Dar Al-Arkan Sukuk Co. Ltd., 6.88%, 03/21/2023 (b)			7,261,450
SINGAPORE—2.3%
USD			4,300			DBS Group Holdings Ltd., (fixed rate to 02/27/2025, variable rate thereafter), 3.30%, 02/27/2025 (a)(b)			4,418,250
USD			2,400			DBS Group Holdings Ltd., (fixed rate to 12/11/2023, variable rate thereafter), 4.52%, 12/11/2023 (b)(c)			2,582,920
USD			4,538			GLP Pte Ltd. (fixed rate to 05/17/2026, variable rate thereafter), 4.50%, 05/17/2026 (a)(b)			4,501,523
USD			3,800			Parkway Pantai Ltd., (fixed rate to 07/27/2022, variable rate thereafter), 4.25%, 07/27/2022 (a)(b)			3,845,144
USD			3,682			Singapore Airlines Ltd., 3.00%, 06/20/2026 (b)(c)			3,778,616
USD			7,000			Vena Energy Capital Pte Ltd., 3.13%, 02/26/2025 (b)			7,201,669
									26,328,122
SOUTH KOREA—2.7%
USD			11,400			Busan Bank Co. Ltd., 3.63%, 07/25/2026 (b)			12,152,628
USD			3,300			Hanwha Total Petrochemical Co. Ltd., 3.88%, 01/23/2024 (b)			3,526,282
USD			2,000			Kookmin Bank, 2.50%, 11/04/2030 (b)			2,015,943
USD			5,900			Shinhan Bank Co. Ltd., 4.50%, 03/26/2028 (b)			6,745,460
USD			2,071			SK Hynix, Inc., 2.38%, 01/19/2031 (b)			2,053,147
USD			3,650			Tongyang Life Insurance Co. Ltd. (fixed rate to 09/22/2025 variable rate thereafter), 5.25%, 09/22/2025 (a)(b)			3,851,882
									30,345,342
THAILAND—2.6%
USD			1,200			Bangkok Bank PCL, 9.03%, 03/15/2029 (b)			1,684,910
USD			6,900			Bangkok Bank PCL, (fixed rate to 09/25/2029, variable rate thereafter), 3.73%, 09/25/2029 (b)(c)			7,172,688
USD			7,000			Krung Thai Bank PCL, (fixed rate to 03/25/2026, variable rate thereafter), 4.40%, 03/25/2026 (a)(b)			7,091,560
USD			5,800			Minor International PCL, (fixed rate to 06/29/2023, variable rate thereafter), 3.10%, 06/29/2023 (a)(b)			5,918,704
USD			3,342			PTTEP Treasury Center Co. Ltd., 3.90%, 12/06/2059 (b)			3,573,802
USD			3,800			TMB Bank PCL, (fixed rate to 12/02/2024, variable rate thereafter), 4.90%, 12/02/2024 (a)(b)			3,861,585
									29,303,249

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
CORPORATE BONDS (continued)
TURKEY—0.3%
USD			3,460			Turk Telekomunikasyon AS, 6.88%, 02/28/2025 (b)		$	3,822,262
									3,822,262
UNITED ARAB EMIRATES—2.8%
MYR			10,000			Abu Dhabi National Energy Co. PJSC, 4.65%, 03/03/2022			2,389,078
USD			7,100			Esic Sukuk Ltd., 3.94%, 07/30/2024 (b)			7,387,408
USD			7,237			Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036 (b)(e)			7,167,528
USD			6,500			MAF Global Securities Ltd., (fixed rate to 03/20/2026, variable rate thereafter), 6.38%, 03/20/2026 (a)(b)			7,085,000
USD			6,400			Tabreed Sukuk Spc Ltd., 5.50%, 10/31/2025 (b)			7,378,432
									31,407,446
UNITED KINGDOM—1.4%
USD			6,999			Standard Chartered PLC, 3.95%, 01/11/2023 (b)			7,283,474
USD			5,000			Standard Chartered PLC, 4.05%, 04/12/2026 (b)			5,542,300
USD			2,759			Standard Chartered PLC, (fixed rate to 04/02/2023, variable rate thereafter), 7.75%, 04/02/2023 (a)(b)			3,003,861
									15,829,635
UNITED STATES—0.6%
USD			5,600			Hyundai Capital America, 6.38%, 01/08/2030 (b)(c)			7,339,276
									7,339,276
VIETNAM—0.4%
USD			4,310			Mong Duong Finance Holdings BV, 5.13%, 05/07/2023 (b)(c)(e)			4,266,900
									4,266,900
						Total Corporate Bonds — 78.1% (cost $882,325,264)			886,395,154
GOVERNMENT BONDS—61.5%
AUSTRALIA—9.5%
AUD			2,300			Australia Government Bond, 2.75%, 11/21/2029 (b)			1,923,667
AUD			54,000			Australia Government Bond, 3.25%, 06/21/2039 (b)			48,749,531
AUD			13,500			New South Wales Treasury Corp., 3.00%, 02/20/2030 (b)			11,249,010
AUD			7,500			New South Wales Treasury Corp., 4.00%, 05/20/2026 (b)			6,359,218
AUD			15,000			New South Wales Treasury Corp., 6.00%, 03/01/2022			11,387,681
AUD			300			Queensland Treasury Corp., 3.50%, 08/21/2030 (b)			261,189
AUD			22,000			Queensland Treasury Corp., 4.25%, 07/21/2023 (b)			17,434,829
AUD			13,000			Treasury Corp. of Victoria, 6.00%, 10/17/2022			10,232,660
									107,597,785
BAHRAIN—0.6%
USD			7,300			Bahrain Government International Bond, 5.45%, 09/16/2032 (b)			7,144,145
									7,144,145
BRAZIL—2.4%
BRL			103,000			Brazil Notas do Tesouro Nacional, 10.00%, 01/01/2029			20,487,987

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
GOVERNMENT BONDS (continued)
BRL			31,000			Brazil Notas do Tesouro Nacional Series F, 10.00%, 01/01/2027		$	6,166,287
									26,654,274
CHINA—8.2%
CNY			60,000			China Government Bond, 1.99%, 04/09/2025 (f)			9,064,170
CNY			30,000			China Government Bond, 2.20%, 02/13/2022 (f)			4,643,909
CNY			100,000			China Government Bond, 2.36%, 07/02/2023 (f)			15,451,265
CNY			130,000			China Government Bond, 2.68%, 05/21/2030 (f)			19,681,462
CNY			30,000			China Government Bond, 3.02%, 10/22/2025 (f)			4,713,210
CNY			250,000			China Government Bond, 3.27%, 11/19/2030 (f)			39,944,705
									93,498,721
EL SALVADOR—0.6%
USD			7,585			El Salvador Government International Bond, 8.25%, 04/10/2032 (b)			6,883,463
GHANA—0.7%
USD			3,200			Ghana Government International Bond, 7.88%, 03/26/2027 (b)(e)			3,325,152
USD			4,419			Ghana Government International Bond, 8.13%, 01/18/2026 (b)(e)			4,680,681
									8,005,833
INDIA—5.3%
INR			500,000			India Government Bond, 6.19%, 09/16/2034			6,344,081
INR			735,000			India Government Bond, 6.79%, 05/15/2027			10,205,725
INR			550,000			India Government Bond, 7.17%, 01/08/2028			7,739,837
INR			1,340,000			India Government Bond, 7.26%, 01/14/2029			18,902,076
INR			880,000			India Government Bond, 7.72%, 05/25/2025			12,693,570
INR			300,000			India Government Bond, 8.15%, 11/24/2026			4,418,113
INR			9,590			India Government Bond, 9.20%, 09/30/2030			151,181
									60,454,583
INDONESIA—12.2%
USD			5,314			Indonesia Government International Bond, 5.35%, 02/11/2049			6,951,921
USD			9,880			Indonesia Government International Bond, 8.50%, 10/12/2035 (b)			15,860,921
IDR			86,400,000			Indonesia Treasury Bond, 5.50%, 04/15/2026			6,054,721
IDR			271,570,000			Indonesia Treasury Bond, 6.13%, 05/15/2028			19,012,817
IDR			21,000,000			Indonesia Treasury Bond, 6.50%, 02/15/2031			1,472,940
IDR			13,800,000			Indonesia Treasury Bond, 7.00%, 05/15/2027			1,022,894
IDR			629,200,000			Indonesia Treasury Bond, 8.13%, 05/15/2024			47,646,623
IDR			107,124,000			Indonesia Treasury Bond, 8.38%, 09/15/2026			8,410,669
IDR			300,000,000			Indonesia Treasury Bond, 8.75%, 05/15/2031			24,257,890
IDR			30,000,000			Indonesia Treasury Bond, 9.00%, 03/15/2029			2,431,170
IDR			16,000,000			Indonesia Treasury Bond, 9.50%, 07/15/2031			1,344,682
USD			3,770			Perusahaan Penerbit SBSN Indonesia III, 4.15%, 03/29/2027 (b)			4,224,964
									138,692,212
IRAQ—0.8%
USD			4,063			Iraq International Bond, 5.80%, 09/13/2021 (b)			3,879,688
USD			4,500			Iraq International Bond, 6.75%, 03/09/2023 (b)			4,564,665
									8,444,353

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
GOVERNMENT BONDS (continued)
IVORY COAST—0.8%
USD			8,400			Ivory Coast Government International Bond, 6.38%, 03/03/2028 (b)(e)		$	9,294,970
									9,294,970
MALAYSIA—6.5%
MYR			46,000			Malaysia Government Bond, 2.63%, 04/15/2031			10,404,829
MYR			158,300			Malaysia Government Bond, 3.48%, 06/14/2024			38,740,737
MYR			17,500			Malaysia Government Bond, 3.73%, 06/15/2028			4,331,623
MYR			35,900			Malaysia Government Bond, 3.76%, 05/22/2040			8,246,281
MYR			30,500			Malaysia Government Bond, 4.92%, 07/06/2048			7,840,512
MYR			18,000			Malaysia Government Investment Issue, 3.45%, 07/15/2036			4,038,738
									73,602,720
MEXICO—2.3%
MXN			469,000			Mexican Bonos, 8.50%, 05/31/2029			25,933,212
									25,933,212
NIGERIA—1.4%
USD			14,100			Nigeria Government International Bond, 8.75%, 01/21/2031 (b)			15,893,633
OMAN—0.3%
USD			3,204			Oman Government International Bond, 6.25%, 01/25/2031 (b)			3,459,628
									3,459,628
PAKISTAN—4.7%
USD			26,890			Pakistan Government International Bond, 6.88%, 12/05/2027 (b)			27,495,025
USD			7,495			Pakistan Government International Bond, 8.25%, 04/15/2024 (b)			8,094,600
USD			5,209			Pakistan Government International Bond, 8.25%, 09/30/2025 (b)			5,696,354
PKR			1,940,000			Pakistan Investment Bond, 7.00%, 08/20/2023			11,588,027
									52,874,006
SOUTH KOREA—0.7%
KRW			9,900,000			Korea Treasury Bond, 1.88%, 03/10/2051			8,411,450
SUPRANATIONAL—1.7%
AUD			14,000			Asian Development Bank, 5.00%, 03/09/2022			10,583,249
AUD			10,000			International Bank for Reconstruction & Development, 4.25%, 06/24/2025			8,359,351
									18,942,600
UKRAINE—1.4%
USD			15,600			Ukraine Government International Bond, 7.38%, 09/25/2032 (b)(e)			16,224,000
									16,224,000
URUGUAY—1.4%
UYU			674,024			Uruguay Government International Bond, 8.25%, 05/21/2031			15,677,724
									15,677,724
						Total Government Bonds — 61.5% (cost $706,103,642)			697,689,312

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Principal Amount (000) or Shares						Description		Value (US$)
SHORT-TERM INVESTMENT—1.8%
UNITED STATES—1.8%
USD			20,338,859			State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.03%(g)		$	20,338,859
									20,338,859
						Total Short-Term Investment — 1.8% (cost $20,338,859)			20,338,859
						Total Investments — 141.4% (cost $1,608,767,765)			1,604,423,325
						Long Term Debt Securities			(421,000,000	)
						Mandatory Redeemable Preferred Stock at Liquidation Value			(50,000,000	)
						Other Assets in Excess of Liabilities — 0.1%			1,048,368
						Net Assets—100.0%		$	1,134,471,693

AUD—Australian Dollar

BRL—Brazilian Real

CNH—Chinese Yuan Renminbi Offshore

CNY—Chinese Yuan Renminbi

IDR—Indonesian Rupiah

INR—Indian Rupee

KRW—South Korean Won

KZT—Kazakhstan tenge

MXN—Mexican Peso

MYR—Malaysian Ringgit

PHP—Philippine Peso

PKR—Pakistan rupee

SGD—Singapore Dollar

THB—Thai Baht

USD—U.S. Dollar

UYU—Uruguayan Peso  

(a) Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely. The maturity date presented for these instruments represents the next call/put date.

(b) Denotes a restricted security.

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

(d) This security is government guaranteed.

(e) Sinkable security.

(f) China A securities. These securities are issued in local currency, traded in the local markets and are held through a qualified foreign institutional investor license.

(g) Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of July 31, 2021.

At July 31, 2021, the Company held the following futures contracts:

Futures Contracts		Number of Contracts Long/(Short)				Expiration Date		Notional Amount				Market Value				Unrealized Appreciation/ (Depreciation)
Long Contract Positions
United States Treasury Note 6%–Ultra Bond			216			09/21/2021		$	40,059,192			$	43,098,750			$	3,039,558

See accompanying Notes to Portfolio of Investments.

Statement of Investments (continued)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Futures Contracts		Number of Contracts Long/(Short)				Expiration Date		Notional Amount				Market Value				Unrealized Appreciation/ (Depreciation)
United States Treasury Note 6%–2 year			163			09/30/2021		$	35,964,418			$	35,966,969			$	2,551
																$	3,042,109
Short Contract Positions
United States Treasury Note 6%–10 year			(1,637	)		09/21/2021		$	(216,453,819	)		$	(220,099,766	)		$	(3,645,947	)
United States Treasury Note 6%—5 year			(286	)		09/30/2021			(35,293,705	)			(35,591,359	)			(297,654	)
																$	(3,943,601	)
																$	(901,492	)

At July 31, 2021, the Fund's open forward foreign currency exchange contracts were as follows:

Purchase Contracts Settlement Date*		Counterparty		Amount Purchased				Amount Sold				Fair Value				Unrealized Appreciation/ (Depreciation)
Chinese Yuan Renminbi Offshore/United States Dollar
09/27/2021		BNP Paribas S.A.		CNH	24,383,569			USD	3,751,789			$	3,754,834			$	3,045
09/27/2021		Citibank N.A.		CNH	450,000,000			USD	69,017,653				69,295,655				278,002
Indian Rupee/United States Dollar
08/05/2021		Royal Bank of Canada		INR	1,410,353,100			USD	18,941,907				18,955,813				13,906
Indonesian Rupiah/United States Dollar
10/06/2021		Royal Bank of Canada		IDR	68,051,700,000			USD	4,641,647				4,687,505				45,858
Malaysian Ringgit/United States Dollar
09/01/2021		BNP Paribas S.A.		MYR	6,204,750			USD	1,500,000				1,468,525				(31,475	)
09/01/2021		Standard Chartered Bank		MYR	29,970,810			USD	7,195,647				7,093,417				(102,230	)
Mexican Peso/United States Dollar
08/25/2021		Citibank N.A.		MXN	177,950,000			USD	8,649,164				8,914,058				264,894
Philippine Peso/United States Dollar
08/06/2021		Citibank N.A.		PHP	1,685,812,423			USD	34,108,427				33,743,725				(364,702	)
10/08/2021		Citibank N.A.		PHP	1,478,933,310			USD	29,358,347				29,521,709				163,362
Singapore Dollar/United States Dollar
08/04/2021		Citibank N.A.		SGD	102,929,960			USD	77,161,028				75,965,793				(1,195,235	)
South Korean Won/United States Dollar
09/15/2021		Citibank N.A.		KRW	4,420,420,179			USD	3,885,860				3,832,808				(53,052	)
09/15/2021		Royal Bank of Canada		KRW	100,958,150,250			USD	89,061,627				87,537,641				(1,523,986	)
Thai Baht/United States Dollar
09/17/2021		Citibank N.A.		THB	2,905,806,657			USD	91,729,876				88,396,061				(3,333,815	)
												$	433,167,544			$	(5,835,428	)

Sale Contracts Settlement Date*

Counterparty

Amount Purchased

Amount Sold

Fair Value

Unrealized Appreciation/ (Depreciation)

United States Dollar/Australian Dollar

10/29/2021

Citibank N.A.

USD

42,711,490

AUD

58,000,000

$

42,579,201

$

132,289

See accompanying Notes to Portfolio of Investments.

Statement of Investments (concluded)

July 31, 2021 (unaudited)
Aberdeen Asia-Pacific Income Fund, Inc.

Sale Contracts Settlement Date*		Counterparty		Amount Purchased				Amount Sold				Fair Value				Unrealized Appreciation/ (Depreciation)
United States Dollar/Chinese Yuan Renminbi Offshore
09/27/2021		Citibank N.A.		USD	45,567,855			CNH	297,105,648			$	45,751,401			$	(183,546	)
United States Dollar/Indian Rupee
08/05/2021		Citibank N.A.		USD	1,400,000			INR	105,300,440				1,415,288				(15,288	)
08/05/2021		Royal Bank of Canada		USD	8,829,113			INR	658,650,000				8,852,568				(23,455	)
08/05/2021		UBS AG		USD	8,600,000			INR	646,402,660				8,687,958				(87,958	)
10/29/2021		Royal Bank of Canada		USD	11,466,951			INR	861,153,100				11,473,424				(6,473	)
United States Dollar/Indonesian Rupiah
10/06/2021		Royal Bank of Canada		USD	35,624,656			IDR	522,297,000,000				35,976,616				(351,960	)
United States Dollar/Malaysian Ringgit
09/01/2021		HSBC Bank USA		USD	9,052,708			MYR	37,700,000				8,922,743				129,965
09/01/2021		Standard Chartered Bank		USD	28,292,205			MYR	117,161,250				27,729,434				562,771
United States Dollar/Mexican Peso
08/25/2021		HSBC Bank USA		USD	9,881,763			MXN	198,245,023				9,930,697				(48,934	)
United States Dollar/Philippine Peso
08/06/2021		Citibank N.A.		USD	34,109,216			PHP	1,685,812,423				33,743,726				365,490
10/08/2021		Citibank N.A.		USD	12,040,492			PHP	604,962,500				12,075,951				(35,459	)
												$	247,139,007			$	437,442
												$	680,306,551			$	(5,397,986	)

* Certain contracts with different trade dates and like characteristics have been shown net.

At July 31, 2021, the Fund held the following centrally cleared interest rate swaps:  

Currency		Notional Amount				Expiration Date		Counterparty			Receive (Pay) Fixed Rate		Floating Rate Index		Fixed Rate				Premiums Paid (Received)				Unrealized Appreciation/ (Depreciation)				Value
USD			6,000,000			02/12/2027		Citigroup			Receive		3-month LIBOR			0.75	%		$	—			$	17,662			$	17,662
USD			20,000,000			06/10/2027		Citigroup			Receive		3-month LIBOR			0.70	%			—				213,427				213,427
USD			15,000,000			05/06/2030		Citigroup			Receive		3-month LIBOR			0.62	%			(7,780	)			700,101				692,321
USD			5,000,000			05/11/2030		Citigroup			Receive		3-month LIBOR			0.67	%			—				211,429				211,429
USD			25,000,000			06/02/2031		Citigroup			Receive		3-month LIBOR			0.72	%			—				1,247,023				1,247,023
USD			20,000,000			07/16/2031		Citigroup			Receive		3-month LIBOR			1.36	%			—				(206,989	)			(206,989	)
																			$	(7,780	)		$	2,182,653			$	2,174,873

See accompanying Notes to Portfolio of Investments.

Notes to Portfolio of Investments (unaudited)

July 31, 2021 

Summary of Significant Accounting Policies

a. Security Valuation:

The Fund values its securities at current market value or fair value, consistent with regulatory requirements. "Fair value" is defined in the Fund's Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact 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 approved by the Board. If there are no current day bids, the security is valued at the previously applied bid. Pricing services generally price debt securities assuming orderly transactions of an institutional "round lot" size and the strategies employed by the Fund’s investment adviser generally trade in round lot sizes. In certain circumstances, some trades may occur in smaller "odd lot" sizes which may be effected at lower or higher prices than institutional round lot trades. 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, if it represents the best approximation of fair value. Debt and other fixed-income securities are generally determined to be Level 2 investments.

Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund; a "government money market fund" pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended, which has an objective, which is not guaranteed, to maintain a $1.00 per share net asset value. Registered investment companies are valued at their net asset value as reported by such company. Generally, these investment types are categorized as Level 1 investments.

Derivatives are valued at fair value. Exchange traded derivatives are generally Level 1 investments and over-the-counter derivatives are generally Level 2 investments. Forward foreign currency contracts are generally valued based on the bid price of the forward rates and the current spot rate. Forward exchange rate quotations are available for scheduled settlement dates, such as 1-, 3-, 6-, 9- and 12-month periods. An interpolated valuation is derived based on the actual settlement dates of the forward contracts held. Futures contracts are valued at the settlement price or at the last bid price if no settlement price is available. Interest rate swaps agreements are generally valued by an approved pricing agent based on the terms of the swap agreement (including future cash flows).

In the event that a security’s market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which they trade closed before the Valuation Time), the security is valued at fair value as determined by the Fund's Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Board. Under normal circumstances the Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time). A security that has been fair valued by the Fund's Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.

Aberdeen Asia-Pacific Income Fund, Inc.