ABEN FIRS PHILADELPHIA, July 25, 2016 /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 June 30, 2016.
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The Fund's total returns for various periods through June 30, 2016 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
Cumulative as of Annualized as of 06/30/16
06/30/16
--------
1 3 YTD 1 3 5 10 Since
Month Month Year Years Years Years Inception
----- ----- ---- ----- ----- ----- ---------
NAV -3.4 -6.8 -6.9 -10.7 6.5 3.2 7.0 7.0
--- ---- ---- ---- ----- --- --- --- ---
Market
Price -0.7 -3.1 -4.1 -12.8 5.9 2.3 6.9 6.3
------ ---- ---- ---- ----- --- --- --- ---
TA-
100 -3.5 -5.4 -6.9 -16.3 2.2 -0.8 5.9 n/a(1)
--- ---- ---- ---- ----- --- ---- --- ------
On June 30, 2016, the Fund's net assets amounted to US$76.9 million and the Fund's NAV per share was US$19.22.
¹ There is no since inception figure for the TA-100 Index because the inception date of the index is January 1, 1999.
As of June 30, 2016, the portfolio was invested as follows:
Portfolio Composition Percent of
Net Assets
--- ----------
Information Technology 29.9
---------------------- ----
Financials 19.7
---------- ----
Health Care 19.1
----------- ----
Materials 10.4
--------- ----
Consumer Staples 4.8
---------------- ---
Industrials 4.7
----------- ---
Telecommunications 4.3
------------------ ---
Consumer Discretionary 2.5
---------------------- ---
Cash 4.6
---- ---
The Fund's ten largest equity holdings as of June 30, 2016, representing 70.8% of net assets, were:
Stock Percent of
Net Assets
--- ----------
Check Point Software Technologies 13.0
--------------------------------- ----
Teva Pharmaceutical Industries 10.4
------------------------------ ----
Perrigo 8.3
------- ---
Frutarom Industries 8.2
------------------- ---
Ituran Location and Control 7.0
--------------------------- ---
Nice Systems Ltd. 4.9
----------------- ---
Azrieli Group 4.9
------------- ---
Amdocs Ltd. 4.8
----------- ---
Bezeq Israeli Telecommunication 4.7
------------------------------- ---
Elbit Systems Ltd. 4.7
------------------ ---
Important Information
Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, 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. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.
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
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SOURCE Aberdeen Israel Fund, Inc.
