The First Israel Fund, Inc. Announces Performance Data and Portfolio Composition
05 December 2009 - 5:34AM
PR Newswire (US)
PHILADELPHIA, Dec. 4 /PRNewswire-FirstCall/ -- The First Israel
Fund, Inc. (the "Fund") (NYSE AMEX: ISL), a closed-end equity fund,
announced today its performance data and portfolio composition as
of October 31, 2009. The Fund's total returns for various periods
through October 31, 2009 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 229.5 7.3 195.2 6.6 (October 1992) 10-years 98.6 7.1
122.0 8.3 5-years 73.7 11.7 82.2 12.8 3-years 16.5 5.2 18.0 5.7
1-year 45.3 56.4 On October 31, 2009, the Fund's net assets
amounted to US$64.8 million and the Fund's NAV per share was
$15.17. As of October 31, 2009, the portfolio was invested as
follows: Percent of Net Portfolio Composition Assets Financials
27.8 Other 21.6 Consumer, Non-Cyclical 18.0 Basic Materials 13.5
Communications 10.5 Industrials 6.5 Technology 1.9 Consumer,
Cyclical 0.2 The Fund's ten largest equity holdings as of October
31, 2009, representing 70.5% of net assets, were: Percent of Stock
Net Assets Teva Pharmaceutical Industries Limited 11.2 Bezeq The
Israeli Telecommunication Corporation Limited 9.5 Israel Chemicals
Limited 9.5 Check Point Software Tech 9.3 United Mizrahi Bank
Limited 9.1 Perrigo Company 5.0 Bank Hapoalim BM 4.7 Bank Leumi
Le-Israel BM 4.7 Harel Insurance Investments & Financial
Services 4.5 Shikun & Binui Limited 3.0 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
Management Investment Services 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. 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: DATASOURCE: The First
Israel Fund, Inc. CONTACT: Aberdeen Asset Management Inc., Investor
Relations, +1-866-839-5205, Web Site:
http://www.aberdeen-asset.com/
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