Aberdeen Australia Equity Fund Inc:IAF

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$6.62$6.393.60%
    52 Wk Avg$5.27$5.76-8.83%
    52 Wk High$6.66$6.424.71%
    52 Wk Low$4.25$4.97-15.56%
    Regular Distribution TypeManaged Distribution
    Distribution Rate9.06%
    Distribution Amount$0.1500
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange. Its secondary objective is current income, which will be derived from dividends and interest on Australian corporate and governmental securities. The Fund will invest at least 80% ot its net assets in equity securities including common stock, preferred stock and convertible stock of Australian companies listed on the ASX.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$154.801M
    Total Common Assets:$147.778M
    Common Shares Outstanding:23,126,501
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $7.023M
    Regulatory Leverage (USD): $7.023M
    Effective Leverage (USD): $7.023M
    Effective Leverage (%): 4.54%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees0.95%
    Other Expenses:0.57%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 1.53%
    Fund Management

    Fund Sponsor
    Aberdeen

    Portfolio Managers
    Natalie Tam, Robert Penaloza, Michelle Lopez, Hugh Young, Mark Daniels

    Basics
    Category: Equity-Single-Country Equity
    Ticker: IAF
    NAV Ticker: XIAFX
    Average Daily Volume (shares): 61,841
    Average Daily Volume (USD): $0.333M
    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 6/11/2021

    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 10/31/2020
    $0.0195
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    9.39%
    Total Return on NAV (12 months):
    As of 6/11/2021
    42.66%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    4.54%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-4.92%
    1 Year-8.83%
    3 Year-7.64%
    5 Year-6.80%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.29
    6 Month1.44
    1 Year2.16
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Single Country Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD28.81%8.64%18.05%11.79%
    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%-12.41%1.54%
    20108.26%12.44%10.09%11.10%
    200985.83%67.47%54.91%43.58%
    2008-53.22%-47.48%  
    200740.30%36.78%  
    200619.84%25.88%  
    200523.50%13.68%  
    200440.50%27.10%  
    200357.91%52.13%  
    200210.82%10.90%  
    20015.86%-2.59%  
    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 5/31/2021
    Category: Morningstar US CEF Single Country Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 5/31/2021
    39
    Annual Portfolio Turnover:
    As of 10/31/2020
    32.00%
    Asset Allocation

    As of 5/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)55.12%
    Financial Services30.29%
    Sensitive (Super Sector)22.60%
    Defensive (Super Sector)21.84%
    Basic Materials17.38%
    Healthcare16.26%
    Technology7.99%
    Communication Services7.85%
    Real Estate6.92%
    Industrials3.63%
    Top Holdings

    As of 5/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Commonwealth Bank of Australia$15.06M9.58%
    CSL Ltd$12.62M8.03%
    BHP Group PLC$12.45M7.92%
    National Australia Bank Ltd$9.70M6.17%
    Xero Ltd$7.16M4.55%
    Australia and New Zealand Banking Group Ltd$6.17M3.92%
    Aristocrat Leisure Ltd$5.85M3.72%
    Cochlear Ltd$5.82M3.70%
    Goodman Group$5.81M3.70%
    Macquarie Group Ltd$5.22M3.32%
    Country Allocation

    As of 5/31/2021 reported by Fund Sponsor

    Country% Portfolio
    Australia - Equity76.40%
    United Kingdom - Equity10.42%
    New Zealand - Equity9.56%
    United States - Equity3.18%

    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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