Interim Management Statement

RNS Number : 3487H

Edinburgh US Tracker Trust plc

26 May 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 February 2011 to 25 May 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

At the Company's AGM on 25 May 2011, all resolutions, including the annual continuation vote, were passed. The resolution on continuation was passed by 99.9% of votes cast. 

The Company will pay a final dividend of 4.95p per share to shareholders on 27 May 2011.  The ex-dividend date was 21 April 2010 and the register date was 23 April 2010.

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

Over the three month period to 30 April 2011 the Company's net asset value rose 2.5% on a total return basis compared to a rise of 2.3% in the S&P 500 Index.  The Company has bought back 158,000 shares for the period since 1 February 2011. 

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

Cumulative performance (%)

	As at 30/04/11	3 months	1 year	3 years	5 years
Capital return
Share price	644.0	1.3	3.7	14.0	13.8
NAV	680.2	1.8	5.6	17.4	13.6
S&P 500 Index		1.8	5.4	16.9	13.4
Total return
Share price		2.1	5.3	19.7	23.4
NAV		2.5	7.1	23.1	22.8
S&P 500 Index		2.3	7.6	25.0	26.0

Discrete performance (%)

Year ending	30 April 2011	30 April 2010	30 April 2009	30 April 2008	30 April 2007
Capital return
Share price	3.7	30.5	-15.8	-6.1	6.3
NAV	5.6	31.4	-15.4	-6.0	2.9
S&P 500 Index	5.4	31.6	-15.8	-5.6	2.8
Total return
Share price	5.3	32.9	-14.4	-4.2	7.5
NAV	7.1	33.7	-14.0	-4.2	4.1
S&P 500 Index	7.6	34.4	-13.5	-3.7	4.7

Source: Aberdeen Asset Managers Limited, Factset and Morningstar

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

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

Ten largest equity holdings

as at 30 April 2011

	%
ExxonMobil	3.5
Apple	2.6
Chevron	1.7
General Electric	1.7
IBM	1.7
Microsoft	1.5
AT&T	1.5
JP Morgan Chase	1.4
Procter & Gamble	1.4
Johnson & Johnson	1.4
Total	18.7

Sector allocation

as at 30 April 2011

	%
Information Technology	18.1
Financials	15.2
Energy	13.0
Health Care	11.4
Industrials	11.3
Consumer Discretionary	10.7
Consumer Staples	10.5
Materials	3.6
Utilities	3.2
Telecommunication Services	3.0
Total	100.0

Assets at 30 April 2011

Investments	£224.7m
Cash	£0.4m
Total assets¹	£225.1m
No of shares in issue	33,082,818
Net asset value	680.23p
Discount	5.3%

(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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