Interim Management Statement

RNS Number : 9394C

Edinburgh US Tracker Trust plc

23 November 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 August 2009 to 20 November 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

The Company paid an interim dividend of 6.20p to shareholders on 23 October 2009.  The ex-dividend date was 23 September 2009 and  the register date was 25 September 2009.

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

The Company has bought back 705,950 shares for the period since 1 August 2009.  

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
	31/10/2009
Share Price	499.5	6.8	6.3	7.2	-9.3	13.9
NAV	522.9	8.2	7.9	7.1	-8.2	10.4
S&P 500		6.1	7.9	7.6	-7.0	13.0

Discrete Performance

	31/10/2009	31/10/2008	31/10/2007	31/10/2006	31/10/2005
Share Price	7.2	-17.2	2.1	10.3	14.0
NAV	7.1	-17.9	4.4	7.5	11.9
S&P 500	7.6	-17.8	5.2	8.0	12.5

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

Source: Aberdeen Asset Managers Limited, Factset and Fundamental Data

NAV returns based on NAVs excluding income and with debt valued at par

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

Ten largest equity holdings

as at 31 October 2009

	%
ExxonMobil	3.7
Microsoft	2.3
Apple	1.8
Johnson & Johnson	1.8
JPMorgan Chase & Co.	1.8
Procter & Gamble	1.8
Chevron	1.7
IBM	1.7
AT&T	1.6
General Electric	1.6
Total	19.8

Sector allocation

as at 31 October 2009

	%
Information Technology	19.1
Financials	14.5
Energy	12.4
Health Care	12.3
Consumer Staples	12.0
Industrials	10.3
Consumer Discretionary	9.2
Utilities	3.6
Materials	3.5
Telecommunication Services	3.1
Total	100.0

Assets at 31 October 2009

Investments	£193.0m
Cash	£0.7m
Total assets	£193.7m
No of shares in issue	37,056,979
Net asset value	522.85p
Discount	4.5%

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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