Interim Management Statement

RNS Number : 4653R

JPMorgan Claverhouse IT PLC

19 November 2012

 



JPMorgan Claverhouse Investment Trust plc

Interim Management Statement

For the three months ended 30th September 2012

This interim management statement relates to the quarter from 1st July 2012 to 30th September 2012 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	2.4%	5.5%	19.4%	22.1%	-2.1%	119.8%
Net asset value	1.5%	4.5%	17.7%	20.7%	0.4%	133.9%
Benchmark	1.1%	4.7%	17.2%	26.1%	8.7%	135.7%

* total return, using capital only NAVs, with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th September 2012	As at 16th November 2012
Total assets	£305.1m	£300.0m
Share price	424.0p	425.75p
Net asset value	468.5p	444.71p
Discount	9.5%	4.3%
Gearing	7%	16.3%

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 3rd September 2012 and a third interim dividend of 3.5p will be paid on 3rd December 2012 to shareholders on the register as at the close of business on 2nd November 2012..

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st July 2012	54,723,979
Shares bought back and cancelled	-
Shares bought into Treasury	-
Shares cancelled from Treasury	-
Shares issued	-
As at 30th September 2012	54,723,979

A total of 2,041,674 shares are currently held in Treasury. The Company has not bought back or issued any shares during or since financial quarter.

Portfolio Analyses

Top ten holdings as at 30th September 2012

Stock name	Sector	Weight %
Royal Dutch Shell	Oil & Gas	7.9
HSBC Holdings	Financials	5.6
BP	Oil & Gas	5.3
Vodafone	Telecommunications	4.7
GlaxoSmithKline	Health Care	4.3
British American Tobacco	Consumer Goods	3.8
BHP Billiton	Basic Materials	3.4
AstraZeneca	Health Care	3.3
Rio Tinto	Basic Materials	3.2
Prudential	Financials	2.7

Sector analysis as at 30th September 2012

	Portfolio %
Financials	21.5
Oil & Gas	15.6
Consumer Goods	12.9
Industrials	10.2
Basic Materials	9.2
Consumer Services	8.4
Telecommunications	7.8
Health Care	7.7
Utilities	2.2
Technology	1.2
Cash	3.3
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: [phone]

19th November 2012

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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