The Indonesia Fund, Inc. Announces Performance Data And Portfolio Composition
PHILADELPHIA, Feb. 4 /PRNewswire-FirstCall/ -- The Indonesia Fund, Inc. (the "Fund") (NYSE AMEX: IF), a closed-end equity fund, announced today its performance data and portfolio composition as of December 31, 2009.
The Fund's total returns for various periods through December 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 -6.5 -0.3 -13.7 -0.7 (March 1990) 10-years 164.5 10.2 103.5 7.4 5-years 128.3 17.9 113.7 16.4 3-years 19.4 6.1 -7.9 -2.7 1-year 99.8 107.8
On December 31, 2009, the Fund's net assets amounted to US$84.1 million and the Fund's NAV per share was $10.17.
As of December 31, 2009, the portfolio was invested as follows:
Percent of Portfolio Composition Net Assets --------------------- ---------- Financials 20.9 Consumer, Non-Cyclical 18.9 Basic Materials 16.9 Industrials 11.5 Consumer, Cyclical 10.4 Energy 8.7 Communications 8.2 Other 2.1 Utilities 1.8 Diversified 0.6The Fund's ten largest equity holdings as of December 31, 2009, representing 68.4% of net assets, were:
Percent of Stock Net Assets ----- ---------- PT Unilever Indonesia Tbk 10.5 PT Telekomunikasi Tbk 9.8 PT Astra International Tbk 9.6 Bank OCBC NISP Tbk PT 8.3 PT Holcim Indonesia Tbk 6.0 Ace Hardware Indonesia 5.3 Overseas Chinese Banking Corporation 4.9 United Overseas Bank Limited 4.8 Jardine Cycle and Carriage Limited 4.6 PT United Tractors Tbk 4.6Important 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 Asia 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.
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