ABEN FIRS PHILADELPHIA, Nov. 21, 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 October 31, 2016.
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The Fund's total returns for various periods through October 31, 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 10/31/16
10/31/16
--------
1 3 YTD 1 3 5 10 Since
Month Month Year Years Years Years Inception
----- ----- ---- ----- ----- ----- ---------
NAV -1.4 0.1 -3.2 -5.2 4.6 6.9 6.2 7.1
--- ---- --- ---- ---- --- --- --- ---
Market
Price -1.5 -1.4 -4.3 -7.8 2.9 5.4 5.3 6.2
------ ---- ---- ---- ---- --- --- --- ---
TA-
100 -4.7 -4.0 -5.2 -9.3 -1.0 2.5 4.1 n/a(1)
--- ---- ---- ---- ---- ---- --- --- ------
On October 31, 2016, the Fund's net assets amounted to US$78.2 million and the Fund's NAV per share was US$19.65.
As of October 31, 2016, the portfolio was invested as follows:
Portfolio Composition Percent of
Net Assets
--- ----------
Information Technology 30.2
---------------------- ----
Health Care 19.0
----------- ----
Financials 14.1
---------- ----
Materials 11.2
--------- ----
Consumer Staples 6.3
---------------- ---
Industrials 4.8
----------- ---
Real Estate 4.8
----------- ---
Telecommunications 4.6
------------------ ---
Consumer Discretionary 3.2
---------------------- ---
Cash 1.7
---- ---
The Fund's ten largest equity holdings as of October 31, 2016, representing 71.4% of net assets, were:
Stock Percent of
Net Assets
--- ----------
Check Point Software Technologies 13.5
--------------------------------- ----
Frutarom Industries 9.3
------------------- ---
Teva Pharmaceutical Industries 9.0
------------------------------ ---
Perrigo 7.7
------- ---
Ituran Location and Control 7.7
--------------------------- ---
Elbit Systems Ltd. 5.0
------------------ ---
Mizrahi Tefahot Bank 5.0
-------------------- ---
Nice Systems Ltd. 4.9
----------------- ---
Amdocs Ltd. 4.7
----------- ---
Azrieli Group 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
¹ There is no since inception figure for the TA-100 Index because the inception date of the index is January 1, 1999.
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SOURCE Aberdeen Israel Fund, Inc.
