Interim Management Statement

RNS Number : 9886U

Edinburgh US Tracker Trust plc

21 May 2008

 



Edinburgh US Tracker Trust plc - Interim management statement

To the members of Edinburgh US Tracker Trust plc

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 February 2008 to 21 May 2008, and contains information that covers this period, up to the date of publication of this interim management statement, unless otherwise specified.

Investment objective

To invest in a portfolio designed to track closely the S&P 500 Index, both in terms of capital and income.

Benchmark

S&P 500 Index

Material events and their impact on the Trust

At the Company's AGM on 21 May 2008, all resolutions, including the annual continuation vote, were passed. The resolution on continuation was passed by 99.99% of votes cast.  

The Company will pay a final dividend of 8.97p to shareholders on 23 May 2008.  The ex-dividend date was 23 April 2008 and the register date was 25 April 2008.

Material transactions and their impact on the Trust's financial position

Over the three month period to 30 April 2008 the Company's net asset value rose 2.4% on a total return basis compared to a rise of 1.4% in the S&P 500 Index. The Company has bought back 347,000 shares for the period since 1 February 2008.  

For latest NAV and share price information, please refer to the Trust's website, www.edinburghustracker.co.uk.

Cumulative performance (%)

	As at  30/04/08	3 months	1 year	3 years	5 years
Capital return Share price	565.0	4.0	-6.1	22.6	25.3
Capital return NAV	579.2	0.9	-6.0	15.5	22.3
S&P 500 Index		0.9	-5.6	15.5	21.9
Total return Share price		5.6	-4.2	27.9	33.4
Total return NAV		2.4	-4.2	20.3	29.9
S&P 500 Index		1.4	-3.7	22.3	33.7

Capital Return; NAV to NAV, Net Income Reinvested, GBP

Discrete performance (%)

Year ending	30 April 2008	30 April 2007	30 April 2006	30 April 2005	30 April 2004
Capital return Share price	-6.1	6.3	22.8	-4.2	6.7
Capital return NAV	-6.0	2.9	19.4	-2.7	8.8
S&P 500 Index	-5.6	2.8	19.0	-3.0	8.8
Total return Share price	-4.2	7.5	24.1	-3.1	7.7
Total return NAV	-4.2	4.1	20.6	-1.7	9.8
S&P 500 Index	-3.7	4.7	21.3	-1.3	10.7

Total Return; NAV to NAV, Net Income Reinvested, GBP

Source: Aberdeen Asset Managers Limited, Factset, Financial Times and Fundamental Data

Ten largest equity holdings

as at 30 April 2008

	%
ExxonMobil	4.1
General Electric	2.7
AT&T	1.9
Microsoft	1.9
Procter & Gamble	1.7
Chevron	1.6
Johnson & Johnson	1.6
IBM	1.4
Bank of America	1.3
JP Morgan Chase & Co	1.3
Total	19.5

Sector allocation

as at 30 April 2008

	%
Financials	16.6
Information Technology	15.7
Energy	13.2
Industrials	12.3
Health Care	11.7
Consumer Staples	11.0
Consumer Discretionary	8.9
Materials	3.6
Utilities	3.6
Telecommunication Services	3.4
Total	100.0

Assets at 30 April 2008

Investments	£219.4m
Cash	£0.1m
Total assets	£219.5m
No of shares in issue	37,889,379
Net asset value	579.2p
Discount	2.5%

Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise and may be affected by exchange rate movements. Investors may not get back the amount they originally invested.

For Edinburgh US Tracker Trust plc

Aberdeen Asset Management PLC, Secretary

 

END

 

 

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