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Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition

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Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition

PR Newswire

PHILADELPHIA, July 30, 2018 /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 June 30, 2018.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

The Fund's total returns for various periods through June 30, 2018 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):


Cumulative as of 06/30/18 (%)

Annualized as of 06/30/18 (%)


1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

NAV

1.3

3.4

-0.1

7.7

7.6

4.9

2.4

7.4

Market Price

6.3

6.2

3.3

13.2

10.9

2.5

2.0

7.5

S&P/ASX 200

0.8

4.5

-1.5

8.9

7.6

5.4

3.7

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 June 30, 2018, the Fund's net assets amounted to US$140.8 million and the Fund's NAV per share was US$6.19.

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.  

As of June 30, 2018, the portfolio was invested as follows:

Portfolio Composition

Percent of 

Net Assets

Financials

35.8

Materials

16.9

Health Care

16.0

Energy

7.4

Industrials

6.6

Utilities

5.1

Consumer Staples

4.3

Telecommunications

3.3

Information Technology

2.3

Consumer Discretionary

1.0

Other Assets in Excess of Liabilities

1.3

The Fund's ten largest equity holdings as of June 30, 2018, representing 55.7% of total assets, were:

Stock

Percent of

Total Assets

CSL Ltd.

7.2

BHP Billiton PLC

7.2

Westpac Banking Corporation

6.6

ASX Ltd.

6.1

Rio Tinto PLC

5.7

Commonwealth Bank of Australia

5.6

Australia & New Zealand Banking Group

5.5

Cochlear Ltd.

4.4

Woodside Petroleum Ltd.

4.0

ResMed Inc.

3.4

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. All reasonable care has been taken to ensure accuracy. However, the figures are unaudited and neither the Fund, the Investment Manager, 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. The Investment Manager is a subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC"). 

Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen Asset Management Ltd., Aberdeen Asset Management Asia Ltd., Aberdeen Asset Capital Management, LLC, Standard Life Investments (Corporate Funds) Ltd., and Standard Life Investments (USA) 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

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SOURCE Aberdeen Australia Equity Fund, Inc.

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