abrdn Australia Equity Fund Inc:IAF

    Manage Alerts

    Overview

    As of 5/29/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$4.16$4.67-10.92%
    52 Wk Avg$4.17$4.71-11.50%
    52 Wk High$4.55$5.02-5.47%
    52 Wk Low$3.60$4.20-15.42%
    Regular Distribution TypeManaged Distribution
    Distribution Rate11.54%
    Distribution Amount$0.1200
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited. Its secondary objective is current income.The Fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock, of Australian Companies. As a fundamental policy, at least 65% of the Fund's total assets must be invested in companies listed on the ASX.

    Capital Structure

    As of 5/29/2024

    Total Investment Exposure:$133.799M
    Total Common Assets:$124.302M
    Common Shares Outstanding:26,617,133
    Leverage

    As of 5/29/2024

    Preferred Share Assets:
    Total Debt (USD): $9.497M
    Regulatory Leverage (USD): $9.497M
    Effective Leverage (USD): $9.497M
    Effective Leverage (%): 7.10%
    Annual Expense Ratios

    As of 10/31/2023

      Per Common Share
    Management Fees1.01%
    Other Expenses:0.58%
    Baseline Expense: N/A
    Interest Expense:0.45%
    Total: 2.03%
    Fund Management

    Fund Sponsor
    abrdn Inc.

    Portfolio Managers
    Flavia Cheong, Michelle Lopez, Christina Woon, Eric Chan, Hugh Young

    Basics
    Category: Equity-Single-Country Equity
    Ticker: IAF
    NAV Ticker: XIAFX
    Average Daily Volume (shares): 65,742
    Average Daily Volume (USD): $0.273M
    Inception Date: 12/12/1985
    Inception Share Price: $10.13
    Inception NAV: $8.13
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 5/29/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2023
    $0.0458
    Annualized Distribution Rate on NAV:
    As of 5/29/2024
    10.28%
    Total Return on NAV (12 months):
    As of 5/29/2024
    3.21%
    Total % Portfolio Effectively Leveraged:
    As of 5/29/2024
    7.10%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 5/30/2024

    PeriodAvg Discount
    6 Month-12.21%
    1 Year-11.50%
    3 Year-6.60%
    5 Year-7.67%
    Z-Score

    As of 5/29/2024

    PeriodZStat
    3 Month0.36
    6 Month0.84
    1 Year0.33
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2024
    Category: Morningstar US CEF Single Country Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-0.14%-4.86%-3.56%-5.06%
    202310.42%12.37%13.39%16.26%
    2022-19.25%-12.09%-23.31%-23.69%
    202127.20%13.77%15.88%7.46%
    202012.68%17.17%18.70%19.81%
    201926.61%23.96%28.46%27.79%
    2018-16.83%-11.21%-19.28%-18.54%
    201730.22%18.91%30.32%26.73%
    201611.81%9.19%0.42%-0.96%
    2015-9.95%-6.87%7.09%7.39%
    2014-9.39%-4.20%-2.96%-1.24%
    2013-10.53%-5.41%29.15%27.15%
    201228.16%22.42%22.50%20.67%
    2011-15.63%-13.52%  
    20108.26%12.44%  
    200985.83%67.47%  
    2008-53.22%-47.48%  
    200740.30%36.78%  
    200619.84%25.88%  
    200523.50%13.68%  
    200440.50%27.10%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 4/30/2024
    Category: Morningstar US CEF Single Country Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 4/30/2024
    33
    Annual Portfolio Turnover:
    As of 10/31/2023
    11.00%
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Cyclical (Super Sector)64.17%
    Financial Services26.61%
    Basic Materials21.53%
    Defensive (Super Sector)18.34%
    Sensitive (Super Sector)17.13%
    Healthcare16.87%
    Real Estate8.02%
    Consumer Cyclical8.01%
    Energy5.23%
    Communication Services5.15%
    Top Holdings

    As of 4/30/2024

    HoldingValue% Portfolio
    BHP Group Ltd$13.54M10.30%
    Commonwealth Bank of Australia$11.26M8.56%
    CSL Ltd$10.39M7.90%
    National Australia Bank Ltd$8.16M6.21%
    Goodman Group$6.34M4.82%
    Rio Tinto PLC Registered Shares$5.28M4.01%
    Wesfarmers Ltd$5.20M3.96%
    ANZ Group Holdings Ltd$5.06M3.85%
    ResMed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh$4.50M3.42%
    Northern Star Resources Ltd$4.30M3.27%
    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    Australia - Equity83.02%
    New Zealand - Equity7.08%
    United States - Equity5.53%
    United Kingdom - Equity4.01%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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