Interim Management Statement

RNS Number : 2374S

JPMorgan Claverhouse IT PLC

16 November 2011

 



JPMorgan Claverhouse Investment Trust plc

Interim Management Statement

For the three months ended 30th September 2011

This interim management statement relates to the quarter from 1st July 2011 to 30th September 2011 and contains information that covers that period, unless otherwise stated. 

Financial performance - Cumulative Total Return *

	1 month	3 months	1 Year	3 Years	5 Years	10 Years
Share price	-10.6%	-19.5%	-11.3%	9.9%	-11.3%	37.1%
Net asset value	-7.0%	-18.1%	-8.8%	12.8%	-7.5%	49.0%
Benchmark	-5.0%	-13.5%	-4.4%	19.2%	4.0%	59.4%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th September 2011	As at 15th November 2011
Total assets	£268.3m	£285.2m
Share price	371.0p	405.0p
Net asset value	412.0p	436.8p
Discount	10.0%	7.3%
Gearing	109.9%	108.5%

Share prices shown are closing bid

Net asset values are shown excluding income with debt at fair value

Source: JPMAM/Morningstar

Material events

A second quarterly interim dividend of 3.5p was paid on 1st September 2011.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st July 2011	56,765,653
Shares bought back and cancelled	-
Shares bought into Treasury	219,122
Shares cancelled from Treasury	-
Shares issued	-
As at 30th September 2011	56,765,653

The Company has not bought back and cancelled, or issued any shares in this financial quarter.

Portfolio Analyses

Top ten holdings as at 30th September 2011

Stock name	Sector	Weight %
Royal Dutch Shell	Oil & Gas	9.0
Vodafone	Telecommunications	6.2
HSBC Holdings	Financials	6.0
BP	Oil & Gas	5.4
GlaxoSmithKline	Health Care	4.6
British American Tobacco	Consumer Goods	3.8
AstraZeneca	Health Care	3.7
Rio Tinto	Basic Materials	3.3
BHP Billiton	Basic Materials	2.8
Prudential	Financials	2.4

Sector analysis as at 30th September 2011

	Portfolio %
Financials	23.4
Oil & Gas	18.5
Consumer Goods	11.7
Basic Materials	10.0
Health Care	9.2
Telecommunications	7.9
Consumer Services	6.7
Industrials	5.6
Utilities	2.4
Technology	0.5
Cash	4.1
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

16th November 2011

This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

ENDS 

Please note that up to date information on the Company, including daily NAV and share prices, factsheets and portfolio information can be found at www.jpmclaverhouse.co.uk 

 

END

 

 

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