abrdn Australia Equity Fund Inc:IAF

    Manage Alerts

    Overview

    As of 5/2/2025. NAV as of 5/1/2025.

     Share
    Price    		NAVPremium/
    Discount
    Current$4.24$4.71-11.89%
    52 Wk Avg$4.34$4.88-10.93%
    52 Wk High$4.75$5.27-8.14%
    52 Wk Low$3.35$3.90-13.92%
    Regular Distribution Type†Managed Distribution
    Distribution Rate11.32%
    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 5/2/2025

    Total Investment Exposure:$137.620M
    Total Common Assets:$127.795M
    Common Shares Outstanding:27,132,671
    Leverage

    As of 5/1/2025

    Preferred Share Assets:
    Total Debt (USD): $9.825M
    Regulatory Leverage (USD): $9.825M
    Effective Leverage (USD): $9.825M
    Effective Leverage (%): 7.14%
    Annual Expense Ratios

    As of 10/31/2024

      Per Common Share
    Management Fees0.99%
    Other Expenses:0.51%
    Baseline Expense: N/A
    Interest Expense:0.44%
    Total: 1.94%
    Fund Management

    Fund Sponsor
    abrdn Asia Limited

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

    Basics
    Category: Equity-Single-Country Equity
    Ticker: IAF
    NAV Ticker: XIAFX
    Average Daily Volume (shares): 59,408
    Average Daily Volume (USD): $0.257M
    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 5/2/2025

    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.

    to
    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 10/31/2024    		 $0.0390
    Annualized Distribution Rate on NAV:
    As of 5/2/2025    		10.19%
    Total Return on NAV (12 months):
    As of 5/2/2025    		11.57%
    Total % Portfolio Effectively Leveraged:
    As of 5/2/2025     		7.14%

    Pricing Information

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

    As of 5/2/2025

    PeriodAvg Discount
    6 Month-10.85%
    1 Year-10.93%
    3 Year-9.74%
    5 Year-8.03%
    Z-Score

    As of 5/2/2025

    PeriodZStat
    3 Month-1.12
    6 Month-1.07
    1 Year-1.20
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2025
    Category: Morningstar US CEF Single Country Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.33%2.32%16.87%14.77%
    20248.18%3.75%-1.39%-3.42%
    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%  
    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%  
    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 4/30/2025
    Category: Morningstar US CEF Single Country Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2025    		32
    Annual Portfolio Turnover:
    As of 10/31/2024    		17.00%
    Asset Allocation

    As of 3/31/2025

    Top Sectors

    As of 3/31/2025

    Sector%Portfolio
    Cyclical (Super Sector)65.42%
    Financial Services32.25%
    Sensitive (Super Sector)17.98%
    Basic Materials17.49%
    Defensive (Super Sector)14.81%
    Healthcare13.30%
    Consumer Cyclical9.57%
    Industrials7.10%
    Real Estate6.11%
    Communication Services5.12%
    Top Holdings

    As of 3/31/2025

    HoldingValue% Portfolio
    Commonwealth Bank of Australia$15.53M11.70%
    BHP Group Ltd$10.96M8.26%
    CSL Ltd$7.77M5.85%
    National Australia Bank Ltd$7.42M5.59%
    Aristocrat Leisure Ltd$6.23M4.69%
    Goodman Group$5.64M4.24%
    Telstra Group Ltd$5.62M4.23%
    Northern Star Resources Ltd$5.24M3.95%
    ResMed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh$5.22M3.93%
    ANZ Group Holdings Ltd$4.87M3.67%
    Country Allocation

    As of 3/31/2025

    Country% Portfolio
    Australia - Equity89.34%
    United States - Equity5.16%
    United Kingdom - Equity3.20%
    Canada - Equity0.50%

    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.

    E-2949862P-E0623W

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