NPORT-EX 2 NPORT_3289644466296661.htm

 

Portfolio of Investments (unaudited)

 

As of January 31, 2021

Aberdeen Australia Equity Fund, Inc.

 

Shares   Description  Industry and Percentage
of Net Assets		  Value
(US$)		 
LONG-TERM INVESTMENTS—104.5%        
COMMON STOCKS—104.5%        
AUSTRALIA—85.9%            
25,300   Afterpay Ltd. (a)  Information Technology Services— 1.9%  $2,582,743 
96,000   Altium Ltd.  Software— 1.6%   2,238,039 
297,400   APA Group  Gas Utilities— 1.6%   2,211,262 
197,500   Aristocrat Leisure Ltd.  Hotels, Restaurants & Leisure— 3.4%   4,652,670 
95,400   ASX Ltd.  Capital Markets— 3.8%   5,212,847 
944,084   AusNet Services  Electric Utilities— 0.9%   1,242,785 
241,200   Australia & New Zealand Banking Group Ltd.  Banks— 3.1%   4,342,557 
1,380,100   Beach Energy Ltd.  Oil, Gas & Consumable Fuels— 1.2%   1,716,609 
487,800   BHP Group PLC  Metals & Mining— 9.7%   13,368,316 
282,300   Charter Hall Group  Equity Real Estate Investment Trusts (REIT)— 2.1%   2,916,888 
33,500   Cochlear Ltd.  Health Care— 3.7%   5,037,035 
210,700   Commonwealth Bank of Australia  Banks— 9.7%   13,377,724 
58,900   CSL Ltd.  Biotechnology— 8.9%   12,211,236 
389,400   Goodman Group, REIT  Equity Real Estate Investment Trusts (REIT)— 3.8%   5,240,147 
466,100   Insurance Australia Group Ltd.  Insurance— 1.2%   1,718,086 
38,700   Macquarie Group Ltd.  Capital Markets— 2.8%   3,859,491 
968,900   Medibank Pvt Ltd.  Insurance— 1.6%   2,152,213 
945,400   Mirvac Group, REIT  Equity Real Estate Investment Trusts (REIT)— 1.2%   1,706,018 
406,100   National Australia Bank Ltd.  Banks— 5.3%   7,279,379 
127,400   Newcrest Mining Ltd.  Metals & Mining— 1.8%   2,421,421 
295,900   Northern Star Resources Ltd.  Metals & Mining— 2.1%   2,863,502 
194,000   OZ Minerals Ltd.  Metals & Mining— 2.0%   2,744,069 
585,128   Sydney Airport (a)  Transportation Infrastructure— 1.8%   2,542,556 
1,963,400   Telstra Corp. Ltd.  Diversified Telecommunication Services— 3.4%   4,662,820 
122,300   Westpac Banking Corp.  Banks— 1.4%   1,960,614 
176,400   Woodside Petroleum Ltd.  Oil, Gas & Consumable Fuels— 2.4%   3,274,256 
154,800   Woolworths Group Ltd.  Food & Staples Retailing— 3.5%   4,814,857 
           118,350,140 
NEW ZEALAND—12.9%        
74,000   a2 Milk Co. Ltd. (a)  Food Products— 0.4%   602,583 
677,800   Auckland International Airport Ltd. (a)  Transportation Infrastructure— 2.6%   3,526,876 
197,700   Fisher & Paykel Healthcare Corp. Ltd.  Health Care— 3.5%   4,861,545 
641,200   Spark New Zealand Ltd. (a)  Diversified Telecommunication Services— 1.6%   2,187,667 

 

See Notes to Portfolio of Investments.

Aberdeen Australia Equity Fund, Inc.

 

 

 

 

Portfolio of Investments (unaudited) (concluded)

 

As of January 31, 2021

Aberdeen Australia Equity Fund, Inc.

 

67,000   Xero Ltd. (a)  Software— 4.8%  $6,609,465 
           17,788,136 
UNITED KINGDOM—2.6%            
45,700   Rio Tinto PLC - London Listing  Metals & Mining— 2.6%   3,467,128 
UNITED STATES—3.1%            
206,800   ResMed, Inc.  Health Care— 3.1%   4,281,586 
Total Long-Term Investments—104.5% (cost $112,931,875)      143,886,990 

 

Shares   Description  Value
(US$)		 
SHORT-TERM INVESTMENT—0.0%     
UNITED STATES—0.0%     
32,703   State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.03%(b)   32,703 
    Total Short-Term Investment—0.0% (cost $32,703)   32,703 
    Total Investments—104.5% (cost $112,964,578)   143,919,693 
    Liabilities in Excess of Other Assets—(4.5)%   (6,131,900)
    Net Assets—100.0%  $137,787,793 

 

(a) Non-income producing security.
(b) Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of January 31, 2021.

 

PLC Public Limited Company
REIT Real Estate Investment Trust

 

See Notes to Portfolio of Investments.

Aberdeen Australia Equity Fund, Inc.

 

 

 

 

Notes to Portfolio of Investments (unaudited)

 

January 31, 2021

 

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 it trades closes 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 by the Board. 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.

 

Aberdeen Australia Equity Fund, Inc.