# Abrdn Australia Equity Fund Inc (IAF): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/iaf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: abrdn · Asset class: Equity - Strategy: Thematic · Inception: 1985-12-16 The Abrdn Australia Equity Fund Inc. operates as a closed-end equity mutual fund, initially launched and managed by Aberdeen Standard Investments (Asia) Limited. Its current oversight is provided by Aberdeen Standard Investments Australia Limited. The fund's primary objective is to invest in the public equity markets of Australia, allocating capital across companies within diversified sectors. Its investment methodology employs a combination of fundamental analysis with both bottom-up and top-down stock picking. This approach involves a thorough assessment of various elements, including gro... ## Key Facts | Metric | Value | |---|---| | Price | $12.51 | | Expense Ratio | 1.99% | | Assets Under Management | $119.9M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 11.59% | | Annual Distribution (TTM) | $1.45 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $11.76 – $14.54 | | Beta | 1.11 | ## Latest Distribution - Amount: $0.3500 /share - Ex-date: 2026-08-24 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does IAF invest in? The Abrdn Australia Equity Fund Inc. operates as a closed-end equity mutual fund, initially launched and managed by Aberdeen Standard Investments (Asia) Limited. Its current oversight is provided by Aberdeen Standard Investments Australia Limited. The fund's primary objective is to invest in the public equity markets of Australia, allocating capital across companies within diversified sectors. Its investment methodology employs a combination of fundamental analysis with both bottom-up and top-down stock picking. This approach involves a thorough assessment of various elements, including growth potential, competitive advantages in both local and export markets, technological capabilities, research and development initiatives, productivity levels, input costs (such as labor and raw materials), profit margins, return on investment, capital resources, the caliber of management, and prevailing government regulations, all of which contribute to the final portfolio composition. The fund's performance is gauged against the S&P ASX 200 Accumulation Index, and proprietary research also significantly informs its portfolio construction. This fund, established on September 30, 1985, and domiciled in the United States, was formerly recognized as The First Australia Fund, Inc. ### What is the expense ratio of IAF? Abrdn Australia Equity Fund Inc (IAF) charges an expense ratio of 1.99%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is IAF? Abrdn Australia Equity Fund Inc (IAF) manages $119.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is IAF actively managed or an index fund? IAF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was IAF launched? Abrdn Australia Equity Fund Inc (IAF) launched in December 1985 and is managed by abrdn. ### How has IAF performed? IAF's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does IAF pay a dividend? Abrdn Australia Equity Fund Inc (IAF) currently distributes little or no income. Trailing-twelve-month yield is 11.59%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does IAF pay dividends? Abrdn Australia Equity Fund Inc pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is IAF's dividend yield? IAF's trailing-twelve-month yield is 11.59%, calculated from the sum of dividends over the past year divided by the current price. ### When is IAF's next ex-dividend date? The most recently announced ex-dividend date for IAF was 2026-08-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will IAF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.99% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does IAF charge its expense ratio? The expense ratio is deducted in tiny daily slices from IAF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does IAF cost more than a fund like VOO? IAF's strategy (current expense ratio 1.99%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where IAF sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to IAF? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as IAF (1.99%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/iaf - Distribution history: https://www.dividenddata.com/funds/iaf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/iaf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/iaf/expenses - Peer comparison: https://www.dividenddata.com/funds/iaf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.