Interim Management Statement

RNS Number : 6682S

Edinburgh US Tracker Trust plc

21 May 2009

 

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 2009 to 20 May 2009, 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 2009, all resolutions, including the annual continuation vote, were passed. The resolution on continuation was passed by 99.95% of votes cast.  

The Company will pay a final dividend of 4.4p to shareholders on 26 May 2009.  The ex-dividend date was 22 April 2009 and the register date was 24 April 2009.

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

Over the three month period to 30 April 2009 the Company's net asset value rose 3.7% on a total return basis compared to a rise of 3.6% in the S&P 500 Index. The Company has bought back 32,400 shares for the period since 1 February 2009.  

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

Cumulative performance (%)

	As at  30/04/09	3 months	1 year	3 years	5 years
Capital return
Share price	475.75	-2.8	-15.8	-15.9	-1.1
NAV	490.15	2.7	-15.4	-18.1	-4.9
S&P 500 Index		2.8	-15.8	-18.3	-5.7
Total return
Share price		-1.9	-14.4	-11.8	6.0
NAV		3.7	-14.0	-14.2	1.6
S&P 500 Index		3.6	-13.5	-12.8	4.4

Discrete performance (%)

Year ending	30 April 2009	30 April 2008	30 April 2007	30 April 2006	30 April 2005
Capital return
Share price	-15.8	-6.1	6.3	22.8	-4.2
NAV	-15.4	-6.0	2.9	19.4	-2.7
S&P 500 Index	-15.8	-5.6	2.8	19.0	-3.0
Total return
Share price	-14.4	-4.2	7.5	24.1	-3.1
NAV	-14.0	-4.2	4.1	20.6	-1.7
S&P 500 Index	-13.5	-3.7	4.7	21.3	-1.3

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

Ten largest equity holdings

as at 30 April 2009

	%
ExxonMobil	4.3
Microsoft	2.0
AT&T	1.9
Procter & Gamble	1.9
Johnson & Johnson	1.9
IBM	1.8
Chevron	1.7
General Electric	1.7
JPMorgan Chase & Co.	1.6
Apple	1.4
Total	29.4

Sector allocation

as at 30 April 2009

	%
Information Technology	18.5
Health Care	13.9
Energy	12.5
Consumer Staples	12.1
Financials	11.9
Industrials	10.5
Consumer Discretionary	9.6
Utilities	3.9
Telecommunication Services	3.7
Materials	3.4
Total	100.0

Assets at 30 April 2009

Investments	£183.2m
Cash	£0.9m
Total assets¹	£184.1m
No of shares in issue	37,566,979
Net asset value	490.15p
Discount	2.9%

(¹ Excluding current year revenue)

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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