Aberdeen Israel Fund, Inc. Announces Performance Data and Portfolio Composition

Jun 02, 2010, 11:01 ET from Aberdeen Israel Fund, Inc.

PHILADELPHIA, June 2 /PRNewswire-FirstCall/ -- Aberdeen Israel Fund, Inc. (the "Fund") (NYSE AMEX: ISL), a closed-end equity fund, announced today its performance data and portfolio composition as of April 30, 2010.

The Fund's total returns for various periods through April 30, 2010 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)

270.7

7.8

235.6

7.2

10-years

77.1

5.9

104.3

7.4

5-years

61.0

10.0

61.6

10.1

3-years

15.9

5.0

3.1

1.0

1-year

60.6

70.9

On April 30, 2010, the Fund's net assets amounted to US$72.9 million and the Fund's NAV per share was $17.07.

As of April 30, 2010, the portfolio was invested as follows:

Portfolio Composition

Percent of

Net Assets

Financials

27.5

Consumer, Non-Cyclical

25.3

Basic Materials

14.2

Communications

10.2

Technology

9.7

Other

4.0

Industrials

3.3

Cash

2.9

Consumer, Cyclical

2.9

The Fund's ten largest equity holdings as of April 30, 2010, representing 72.5% of net assets, were:

Stock

Percent of

Net Assets

Teva Pharmaceutical Industries Limited

11.7

Check Point Software Technologies

9.5

Bezeq The Israeli Telecommunication Corporation Limited

9.3

United Mizrahi Bank Limited

8.9

Israel Chemicals Limited

8.7

Perrigo Company

7.2

Harel Insurance Investments & Financial Services

4.7

Bank Hapoalim BM

4.4

Bank Leumi Le-Israel BM

4.4

Super Sol

3.7

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 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: InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Israel Fund, Inc.