0001752724-19-133052.txt : 20190926 0001752724-19-133052.hdr.sgml : 20190926 20190926140031 ACCESSION NUMBER: 0001752724-19-133052 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190731 FILED AS OF DATE: 20190926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABERDEEN AUSTRALIA EQUITY FUND INC CENTRAL INDEX KEY: 0000779336 IRS NUMBER: 133304681 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-04438 FILM NUMBER: 191117266 BUSINESS ADDRESS: STREET 1: 1900 MARKET STREET STREET 2: SUITE 200 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-405-5700 MAIL ADDRESS: STREET 1: 1900 MARKET STREET STREET 2: SUITE 200 CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AUSTRALIA FUND INC DATE OF NAME CHANGE: 19920703 ACCESSION NUMBER: 0001752724-19-124517 NPORT-EX 1 NPORT_11019442648667804.htm

 

Portfolio of Investments (unaudited)

 

As of July 31, 2019

 

Shares

 

Description

 

Industry and Percentage
of Net Assets

 

Value
(US$)

 

LONG-TERM INVESTMENTS—98.1%

 

 

 

 

 

COMMON STOCKS —98.1%

 

 

 

 

 

AUSTRALIA—79.6%

 

 

 

 

 

115,700

 

Aristocrat Leisure Ltd. (a)

 

Hotels, Restaurants & Leisure— 1.8%

 

$

2,407,609

 

129,600

 

ASX Ltd. (a)

 

Capital Markets— 5.8%

 

7,839,613

 

2,001,600

 

AusNet Services (a)

 

Electric Utilities— 1.8%

 

2,425,049

 

317,800

 

Australia & New Zealand Banking Group Ltd. (a)

 

Banks— 4.5%

 

6,039,687

 

416,000

 

BHP Group PLC (a)

 

Metals & Mining— 7.3%

 

9,918,906

 

234,100

 

Brambles Ltd. (a)

 

Commercial Services & Supplies— 1.5%

 

2,094,005

 

222,700

 

Charter Hall Group (a)

 

Equity Real Estate Investment Trusts (REIT)— 1.3%

 

1,722,260

 

1,684,300

 

Cleanaway Waste Management Ltd. (a)

 

Commercial Services & Supplies— 2.1%

 

2,773,440

 

39,400

 

Cochlear Ltd. (a)

 

Health Care— 4.4%

 

5,919,837

 

202,400

 

Commonwealth Bank of Australia (a)

 

Banks— 8.4%

 

11,359,008

 

63,700

 

CSL Ltd. (a)

 

Biotechnology— 7.4%

 

9,939,897

 

479,800

 

Goodman Group, REIT (a)

 

Equity Real Estate Investment Trusts (REIT)— 3.6%

 

4,852,471

 

241,000

 

Incitec Pivot Ltd. (a)

 

Chemicals— 0.4%

 

572,191

 

31,000

 

Macquarie Group Ltd. (a)

 

Capital Markets— 2.0%

 

2,713,088

 

1,166,000

 

Medibank Pvt Ltd. (a)

 

Insurance— 2.1%

 

2,874,400

 

166,000

 

National Australia Bank Ltd. (a)

 

Banks— 2.4%

 

3,232,979

 

408,300

 

Oil Search Ltd. (a)

 

Oil, Gas & Consumable Fuels— 1.5%

 

1,977,137

 

363,100

 

Origin Energy Ltd. (a)

 

Oil, Gas & Consumable Fuels— 1.5%

 

1,964,790

 

31,900

 

Perpetual Ltd. (a)

 

Capital Markets— 0.6%

 

858,201

 

2,416,700

 

Telstra Corp. Ltd. (a)

 

Diversified Telecommunication Services— 4.9%

 

6,552,453

 

297,800

 

Treasury Wine Estates Ltd. (a)

 

Beverages— 2.6%

 

3,580,734

 

567,700

 

Vicinity Centres, REIT (a)

 

Equity Real Estate Investment Trusts (REIT)— 0.7%

 

1,011,196

 

282,000

 

Westpac Banking Corp. (a)

 

Banks— 4.1%

 

5,532,814

 

222,200

 

Woodside Petroleum Ltd. (a)

 

Oil, Gas & Consumable Fuels— 3.9%

 

5,239,693

 

163,900

 

Woolworths Group Ltd. (a)

 

Food & Staples Retailing— 3.0%

 

3,995,938

 

 

 

 

 

 

 

107,397,396

 

FRANCE—0.6%

 

 

 

 

 

112,480

 

Unibail-Rodamco-Westfield (a)

 

Equity Real Estate Investment Trusts (REIT)— 0.6%

 

780,087

 

 

 

 

 

 

 

NEW ZEALAND—10.3%

 

 

 

 

 

870,108

 

Auckland International Airport Ltd. (a)(b)

 

Transportation Infrastructure— 3.9%

 

5,324,117

 

251,600

 

Fisher & Paykel Healthcare Corp. Ltd. (a)

 

Health Care— 2.0%

 

2,705,793

 

 

Aberdeen Australia Equity Fund, Inc.

 

 

528,900

 

Spark New Zealand Ltd. (a)(b)

 

Diversified Telecommunication Services— 1.0%

 

$

1,374,867

 

103,400

 

Xero Ltd. (a)(b)

 

Software— 3.4%

 

4,551,879

 

 

 

 

 

 

 

13,956,656

 

UNITED KINGDOM—4.9%

 

 

 

 

 

75,100

 

Rio Tinto PLC - London Listing (a)

 

Metals & Mining— 3.1%

 

4,241,006

 

1,131,100

 

South32 Ltd. - London Listing (a)

 

Metals & Mining— 1.8%

 

2,389,347

 

 

 

 

 

 

 

6,630,353

 

UNITED STATES—2.7%

 

 

 

 

 

279,700

 

ResMed, Inc. (a)

 

Health Care— 2.7%

 

3,626,879

 

Total Long-Term Investments—98.1% (cost $118,677,953)

 

132,391,371

 

 

 

 

 

 

 

Shares

 

Description

 

Value
(US$)

 

SHORT-TERM INVESTMENT—0.1%

 

 

 

UNITED STATES—0.1%

 

 

 

148,060

 

State Street Institutional U.S. Government Money Market Fund, Premier Class, 2.26%(c)

 

148,060

 

Total Short-Term Investment—0.1% (cost $148,060)

 

148,060

 

Total Investments—98.2% (cost $118,826,013)

 

132,539,431

 

Other Assets in Excess of Liabilities—1.8%

 

2,440,868

 

Net Assets—100.0%

 

$

134,980,299

 

 

(a)

 

Fair Values are determined pursuant to procedures approved by the Fund’s Board of Directors. Unless otherwise noted, securities are valued by applying valuation factors to the exchange traded price. See Note (a) of the accompanying Notes to Portfolio of Investments.

(b)

 

Non-income producing security.

(c)

 

Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of July 31, 2019.

 

PLC

 

Public Limited Company

REIT

 

Real Estate Investment Trust

 

 

Notes to Portfolio of Investments (unaudited)

 

July 31, 2019

 

Summary of Significant Accounting Policies

 

a. Security Valuation:

 

The Fund values its securities at current market value or fair value, consistent with regulatory requirements. “Fair value” is defined in the Fund’s Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact at the measurement date.

 

Equity securities that are traded on an exchange are valued at the last quoted sale price on the principal exchange on which the security is traded at the “Valuation Time” subject to application, when appropriate, of the valuation factors described in the paragraph below. The Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time). In the absence of a sale price, the security is valued at the mean of the bid/ask price quoted at the close on the principal exchange on which the security is traded. Securities traded on NASDAQ are valued at the NASDAQ official closing price. Closed-end funds and exchange-traded funds (“ETFs”) are valued at the market price of the security at the Valuation Time. A security using any of these pricing methodologies is determined to be a Level 1 investment.

 

Foreign equity securities that are traded on foreign exchanges that close prior to 4:00 p.m. Eastern time are valued by applying valuation factors to the last sale price or the mean price as noted above. Valuation factors are provided by an independent pricing service provider. These valuation factors are used when pricing a Fund’s portfolio holdings to estimate market movements between the time foreign markets close and the time a Fund values such foreign securities. These valuation factors are based on inputs such as depositary receipts, indices, futures, sector indices/ETFs, exchange rates, and local exchange opening and closing prices of each security.

 

Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund, which has elected to qualify as a “government money market fund” pursuant to Rule 2a-7 under the 1940 Act and has an objective, which is not guaranteed, to maintain a $1.00 per share net asset value. Generally, these investment types are categorized as Level 1 investments.

 

In the event that a security’s market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which they trade closed before the Valuation Time), the security is valued at fair value as determined by the Fund’s Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved and established by the Board. Under normal circumstances, the Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time). A security that has been fair valued by the Fund’s Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.