Aberdeen Global II - Self Bank

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ContentsIncorporation........................................................................................................................................................................................................................................................ 1Chairman’s Statement........................................................................................................................................................................................................................................2Investment Manager’s Review..........................................................................................................................................................................................................................2Net Asset Value History ....................................................................................................................................................................................................................................3Summary of Historic Information....................................................................................................................................................................................................................5Performance History...........................................................................................................................................................................................................................................6Aberdeen Global II - Combined Statements..................................................................................................................................................................................................8Asia Fixed Income................................................................................................................................................................................................................................................9Australian Dollar Bond......................................................................................................................................................................................................................................19Canadian Dollar Bond...................................................................................................................................................................................................................................... 24Convertible Europe............................................................................................................................................................................................................................................27Emerging Europe Fixed Income...................................................................................................................................................................................................................... 32Emerging Markets Fixed Income Alpha ....................................................................................................................................................................................................... 36Euro Aggregate Bond ...................................................................................................................................................................................................................................... 42Euro Corporate Bond........................................................................................................................................................................................................................................ 49Euro Government Bond................................................................................................................................................................................................................................... 56Euro High Yielding Fixed Income....................................................................................................................................................................................................................61Global Aggregate Bond .................................................................................................................................................................................................................................. 66Global Bond ...................................................................................................................................................................................................................................................... 83Index Linked Bond ............................................................................................................................................................................................................................................ 93Long Dated Sterling Aggregate Bond............................................................................................................................................................................................................97Long Dated Sterling Bond ............................................................................................................................................................................................................................ 103Long Dated Sterling Credit............................................................................................................................................................................................................................107Multi Asset Asia Pacific...................................................................................................................................................................................................................................114Short Term Euro Bond....................................................................................................................................................................................................................................125Short Term US Dollar Bond.......................................................................................................................................................................................................................... 130Sterling Aggregate Bond.................................................................................................................................................................................................................................137Sterling Bond.................................................................................................................................................................................................................................................... 146Sterling Credit.................................................................................................................................................................................................................................................. 150US Dollar Bond................................................................................................................................................................................................................................................ 159US Dollar High Yield Bond ........................................................................................................................................................................................................................... 165Notes to the Financial Statements..............................................................................................................................................................................................................172Report of the Reviseur D’entreprises Agree.............................................................................................................................................................................................. 188Management and Administration .............................................................................................................................................................................................................. 189General Information........................................................................................................................................................................................................................................191Further Information........................................................................................................................................................................................................................................ 193
IncorporationAberdeen Global II (“the Company”) was incorporated as a société anonyme, qualifying as a société d’investissement à capital variable on 18February 2008 for an unlimited period and commenced operations on 16 May 2008. It is registered under number B136363 at the Register ofCommerce at the District Court of Luxembourg.As at 30 June 2011, the Company has issued shares in the following Funds:Asia Fixed IncomeAustralian Dollar BondCanadian Dollar BondConvertible EuropeEmerging Europe Fixed IncomeEmerging Markets Fixed Income AlphaEuro Aggregate BondEuro Corporate BondEuro Government BondEuro High Yielding Fixed IncomeGlobal Aggregate BondGlobal BondIndex Linked BondLong Dated Sterling Aggregate BondLong Dated Sterling BondLong Dated Sterling CreditMulti Asset Asia PacificShort Term Euro BondShort Term US Dollar BondSterling Aggregate BondSterling BondSterling CreditUS Dollar BondUS Dollar High Yield BondThe full name of each Fund is constituted by the name of the Company, Aberdeen Global II, followed by a hyphen and then the specific nameof the Fund. Throughout the Financial Statements, the Funds are referred to by their short names as indicated above.No subscriptions can be received on the basis of this document. Subscriptions are only valid if made on the basis of the current Prospectus.Please see the Notes to the Financial Statements for changes during the year.Aberdeen Global II 1
Page 4 and 5: Chairman’s StatementInvestment Ma
Page 8 and 9: Performance HistoryFundBaseCurrency
Page 11: Asia Fixed IncomeFor the period 24
Page 14: Portfolio StatementAs at 30 June 20
Page 17: Market ValueUS$’000Percentage of
Page 20 and 21: Swap contracts - (0.49)%Counterpart
Page 22 and 23: Relative value strategies largely a
Page 24 and 25: Portfolio StatementAs at 30 June 20
Page 26 and 27: Canadian Dollar BondFor the period
Page 30 and 31: Statement of Net AssetsAs at 30 Jun
Page 32 and 33: Portfolio Statement continuedMarket
Page 34: Emerging Europe Fixed IncomeFor the
Page 38 and 39: Emerging Markets Fixed Income Alpha
Page 40: Portfolio StatementAs at 30 June 20
Page 44 and 45: Euro Aggregate BondFor the year end
Page 48 and 49: Portfolio Statement continuedMarket
Page 50 and 51: Portfolio Statement continuedBuy Se
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Statement of Net AssetsAs at 30 Jun
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Security Coupon (%) Maturity Nomina
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Financial derivative instrumentsFor
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Portfolio StatementAs at 30 June 20
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Portfolio Statement continuedMarket
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Portfolio Statement continuedSecuri
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Global Aggregate BondFor the year e
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Portfolio Statement continuedFinanc
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Portfolio Statement continuedCounte
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In the eurozone, we expect the ECB
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Portfolio Statement continuedSwap c
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Portfolio Statement continuedUnreal
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Portfolio Statement continuedForwar
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Multi Asset Asia PacificFor the per
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OutlookAs the Federal Reserve conti
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Sterling Aggregate BondFor the year
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Market Value£’000Percentage of t
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Swap contracts - 0.07%Unrealisedgai
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Forward currency exchange contracts
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Market Value£’000Percentage of t
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US Dollar BondFor the period 24 Sep
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US Dollar High Yield BondFor the ye
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Market ValueUS$’000Percentage of
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Swap contracts - (0.19)%Unrealisedg
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no physical settlement, the factor
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If a request to switch Shares would
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FundShare classExpense Cap(%)Index
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Emerging Europe Fixed Income (expre
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Date Share Class Group Net Income E
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Date Share Class Group Net Income E
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Notes to the Financial Statements c
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Report of the Réviseur D’Entrepr
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CHAIRMANDIRECTORSChristopher G Litt
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European Savings DirectiveFrom 1 Ju
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Aberdeen Asset Managers Limited(UK
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Aberdeen Global II - Self Bank

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