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SOURCE Aberdeen Israel Fund, Inc.
PHILADELPHIA, April 8, 2013 /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 February 28, 2013.
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The Fund's total returns for various periods through February 28, 2013 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
|
Period
|
NAV Total Return %
|
Market Price Total Return %
|
|
Cumulative
|
Annualized
|
Cumulative
|
Annualized
|
|
Since inception
(October 1992)
|
301.3
|
7.1
|
243.1
|
6.3
|
|
10-years
|
231.9
|
12.7
|
256.9
|
13.6
|
|
5-years
|
16.4
|
3.1
|
-7.4
|
-1.5
|
|
3-years
|
9.7
|
3.1
|
4.8
|
1.6
|
|
1-year
|
13.3
|
11.7
|
On February 28, 2013, the Fund's net assets amounted to US$69.4 million and the Fund's NAV per share was $16.32.
As of February 28, 2013, the portfolio was invested as follows:
|
Portfolio Composition
|
Percent of
Net Assets
|
|
Financials
|
24.9
|
|
Materials
|
18.1
|
|
Information Technology
|
17.5
|
|
Health Care
|
17.3
|
|
Consumer Staples
|
12.1
|
|
Telecommunications
|
3.9
|
|
Industrials
|
3.1
|
|
Consumer Discretionary
|
2.1
|
|
Cash
|
1.1
|
The Fund's ten largest equity holdings as of February 28, 2013, representing 67.2% of net assets, were:
|
Stock
|
Percent of
Net Assets
|
|
Check Point Software Technologies
|
10.7
|
|
Israel Chemicals
|
9.8
|
|
Perrigo Company
|
8.7
|
|
Teva Pharmaceutical Industries
|
8.6
|
|
Mizrahi Tefahot Bank
|
6.9
|
|
OSEM Investment
|
5.2
|
|
Frutarom
|
5.2
|
|
Azrieli Group
|
4.2
|
|
Bank Leumi Le-Israel
|
4.1
|
|
Bezeq Israeli Telecommunication
|
3.9
|
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 (effective March 1, 2012, 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. Past performance does not guarantee future results.
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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