PHILADELPHIA, April 23, 2019 /PRNewswire/ -- Aberdeen Australia
Equity Fund, Inc. (the "Fund") (NYSE American: IAF),
a closed-end equity fund, announced today performance data and
portfolio composition information as of March 31, 2019.
The Fund's total returns for various periods through
March 31, 2019 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated net-of-fees):
|
Cumulative as of
0
03/31/19
(%)
|
Annualized as of
03/31/19 (%)
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
NAV
|
1.2
|
11.3
|
11.3
|
2.4
|
7.8
|
2.2
|
8.3
|
7.2
|
Market
Price
|
2.0
|
17.3
|
17.3
|
0.0
|
10.4
|
1.1
|
8.5
|
7.1
|
S&P/ASX
200
|
0.6
|
11.9
|
11.9
|
3.8
|
8.5
|
1.8
|
10.6
|
n/a¹
|
The Fund's returns, which are denominated in U.S. dollars, are
affected by the performance of the U.S. dollar against the
Australian dollar.
On March 31, 2019, the Fund's net
assets amounted to US$128.3 million
and the Fund's NAV per share was US$5.64.
As of March 31, 2019, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
33.1
|
Health
Care
|
16.1
|
Materials
|
14.7
|
Industrials
|
8.4
|
Energy
|
6.1
|
Telecommunication
Services
|
5.6
|
Consumer
Staples
|
5.2
|
Utilities
|
3.6
|
Information
Technology
|
2.8
|
Consumer
Discretionary
|
1.0
|
Other Assets in
Excess of Liabilities
|
3.4
|
The Fund's ten largest equity holdings as of March 31, 2019, representing 56.0% of total
assets, were:
Stock
|
Percent
of
Total
Assets
|
Commonwealth Bank of
Australia
|
8.1
|
BHP Billiton
PLC
|
8.1
|
CSL Ltd.
|
7.2
|
ASX Ltd.
|
5.8
|
Australia & New
Zealand Banking Group
|
5.1
|
Westpac Banking
Corporation
|
4.6
|
Cochlear
Ltd.
|
4.5
|
Woodside Petroleum
Ltd.
|
4.4
|
Rio Tinto
PLC
|
4.2
|
Auckland
International Airport
|
4.0
|
Important Information
Aberdeen Standard Investments
Inc. has prepared this report based on information sources believed
to be accurate and reliable. However, the figures are unaudited and
neither the Fund, its investment adviser, nor any other person
guarantees their accuracy. Investors should seek their own
professional advice and should consider the investment objectives,
risks, charges and expenses before acting on this information.
Aberdeen is a U.S. registered service mark of Aberdeen Asset
Management PLC.
Aberdeen Standard Investments is a brand of the investment
businesses of Standard Life Aberdeen plc, its affiliates and
subsidiaries. In the United
States, Aberdeen Standard Investments is the marketing name
for the following affiliated, registered investment
advisers: Aberdeen Standard Investments Inc., Aberdeen Asset
Managers Ltd., Aberdeen Standard Investments Australia Ltd.,
Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC,
Aberdeen Standard Investments ETFs Advisors LLC and Standard Life
Investments (Corporate Funds) Ltd.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment return and principal
value will fluctuate so that an investor's shares may be worth more
or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund's portfolio. There is no assurance that the Fund
will achieve its investment objective.
Past performance is no guarantee of future
results. Investment returns and principle value will fluctuate
and shares, when sold, may be worth more or less than original
cost. Current performance may be lower or higher than the
performance quoted. NAV return data includes investment management
fees, custodial charges and administrative fees (such as Director
and legal fees) and assumes the reinvestment of all distributions.
Returns for periods less than one year are not annualized. Holdings
are subject to change and are provided for informational purposes
only and should not be deemed as a recommendation to buy or sell
the securities shown. Inception date December 12, 1985.
If you wish to receive this information electronically, please
contact: Investor.Relations@aberdeenstandard.com
¹ There is no since inception figure for the S&P/ASX 200
Index because the inception date of the Index is April 3, 2000.
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SOURCE Aberdeen Australia Equity Fund, Inc.