PHILADELPHIA, Sept. 22, 2017 /PRNewswire/ -- Aberdeen
Israel Fund, Inc. (the "Fund") (NYSE MKT: ISL), a closed-end
equity fund, announced today its performance data and portfolio
composition as of August 31,
2017.
The Fund's total returns for various periods through
August 31, 2017 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
08/31/17
|
Annualized as of
08/31/17
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
-0.5
|
0.0
|
13.4
|
13.8
|
5.6
|
12.5
|
6.2
|
7.4
|
Market
Price
|
-1.4
|
4.6
|
21.9
|
22.3
|
6.7
|
13.5
|
4.7
|
6.9
|
TA-125
|
-2.7
|
-2.6
|
6.4
|
5.4
|
0.0
|
7.3
|
3.5
|
n/a1
|
On August 31, 2017, the Fund's net
assets amounted to US$85.7 million
and the Fund's NAV per share was US$21.71.
As of August 31, 2017, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Information
Technology
|
32.2
|
Financials
|
16.6
|
Health
Care
|
13.4
|
Materials
|
11.4
|
Consumer
Staples
|
8.3
|
Industrials
|
4.9
|
Real
Estate
|
4.8
|
Telecommunications
|
4.6
|
Consumer
Discretionary
|
2.9
|
Cash
|
1.0
|
The Fund's ten largest equity holdings as of August 31, 2017, representing 67.4% of net
assets, were:
Stock
|
Percent
of
Net
Assets
|
Check Point Software
Technologies
|
12.5
|
Frutarom
Industries
|
9.9
|
Ituran Location and
Control
|
7.7
|
Perrigo
|
6.4
|
Nice Systems
Ltd.
|
6.0
|
Elbit Systems
Ltd.
|
5.3
|
Azrieli
Group
|
5.0
|
Rami Levy
|
4.9
|
Mizrahi Tefahot
Bank
|
4.8
|
Bank
Hapoalim
|
4.8
|
Important Information
Aberdeen Asset Management Inc.
(the "Administrator") has prepared this report based on information
sources believed to be accurate and reliable. However, the
figures are unaudited and neither the Fund, the Administrator,
Aberdeen Asset Managers Limited (the "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.
The Investment Adviser and the Administrator are each a
subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").
The merger of Standard Life plc and Aberdeen PLC, announced on
March 6, 2017 ("Merger"), closed on
August 14, 2017. Aberdeen PLC
became a direct subsidiary of Standard Life plc as a result of the
Merger and the combined company changed its name to Standard Life
Aberdeen plc. Shareholders of the Fund are not required to take any
action as a result of the Merger. Following the Merger, the Fund's
Investment Adviser and Administrator are each an indirect
subsidiary of Standard Life Aberdeen plc, but otherwise did not
change. The investment advisory and administration agreements for
the Fund, the services provided under the agreements, and the fees
charged for services did not change as a result of the Merger. The
portfolio management team for the Fund did not change as a result
of the Merger.
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.
Total return figures with distributions reinvested at the
dividend reinvestment price are stated net-of-fees and represents
past performance. Past performance is not indicative of
future results, current performance may be higher or lower.
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 October 29, 1992.
If you wish to
receive this information electronically, please contact:
InvestorRelations@aberdeen-asset.com
|
1 There is no since inception figure for the TA-125
Index because the inception date of the index is January 1, 1999.
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SOURCE Aberdeen Israel Fund, Inc.