Interim Management Statement

RNS Number : 3665S

Edinburgh US Tracker Trust plc

18 November 2011

 



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 August 2011 to 17 November 2011, 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

The Company paid an interim dividend of 4.20p to shareholders on 14 October 2011.  The ex-dividend date was 14 September 2011 and the register date was 16 September 2011. 

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

Over the three month period to 31 October 2011 the Company's capital net asset value fell 1.2% compared to a fall of 1.4% in the S&P 500 Index.  The Company has bought back 464,200 shares for the period 1 August 2011 to 17 November 2011. 

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

Cumulative performance (%)

	as at	3 months	6 months	1 year	3 years	5 years
	31/10/2011
Share Price	608.5	-2.0	-5.5	3.8	27.8	4.5
NAV	648.4	-1.2	-4.7	5.2	30.1	7.9
S&P 500		-1.4	-5.0	4.9	29.5	7.5

Discrete Performance

	31/10/2011	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Share Price	3.8	17.4	4.9	-19.0	0.9
NAV	5.2	17.9	4.9	-19.7	3.2
S&P 500	4.9	17.7	4.8	-19.6	3.2
Capital Return; NAV to NAV,  GBP
Source: Aberdeen Asset Managers Limited, Factset and Morningstar
NAV returns based on NAVs excluding income

Ten largest equity holdings at 31 October 2011

	%
ExxonMobil	3.3
Apple	3.2
International Business Machines	1.9
Chevron	1.8
Microsoft	1.7
General Electric	1.5
Johnson & Johnson	1.5
Procter & Gamble	1.5
AT&T	1.5
Coca Cola	1.4
Total	19.3

Sector allocation at 31 October 2011

	%
Information Technology	19.6
Financials	14.0
Energy	12.2
Health Care	11.5
Consumer Staples	11.1
Consumer Discretionary	10.7
Industrials	10.6
Utilities	3.7
Materials	3.6
Telecommunication Services	3.0
Total	100.0

Assets at 31 October 2011

Investments	£205.8m
Cash	£1.2m
Total assets¹	£207.0m
No of shares in issue	31,925,618
Net asset value	648.4p
Discount	6.2%

(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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