Interim Management Statement

RNS Number : 4217K

Schroder Oriental Income Fund Ltd

14 July 2011

 



SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 31 May 2011

Investment Objective

The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.

Company Statistics as at 31 May 2011

Gross Assets	£282.28 million
Net Asset Value (NAV) per Ordinary Share	156.19p
Share Price	155.50p
Discount	0.44%
Number of Holdings	73
Net Effective Gearing	2.8%
Cash	4.7%
Yield	3.76%

Cumulative Performance to 31 May 2011

Performance over	3 months	1 year	3 years
Share Price (Total Return)	6.4%	24.7%	51.5%
Net Asset Value (Total Return)	7.3%	25.9%	45.1%

All Performance Data Source: Morningstar.

Portfolio Information as at 31 May 2011

Ten Largest Holdings

Stock Name	Country	Market Value  (£)	Percentage of NAV
Fortune Real Estate Investment Trust	Singapore	12,565,296	4.64
Australia & New Zealand Banking Group	Australia	11,164,120	4.12
Taiwan Semiconductor Manufacturing	Taiwan	8,969,859	3.31
Glow Energy	Thailand	8,732,916	3.22
Ascendas Real Estate Investment Trust	Singapore	8,449,758	3.12
Fletcher Building	New Zealand	7,733,721	2.85
Siliconware Precision	Taiwan	7,451,225	2.75
Toyota Motor	Japan	7,127,121	2.63
Suncorp Group	Australia	6,384,093	2.36
Mapletree Industrial Trust	Singapore	6,358,206	2.35

Country Allocation    

Country                       Percentage of NAV

Australia                       23.65

China                             7.71

Hong Kong                  13.37

Indonesia                        2.39

India                               0.96

Japan                             2.63

Korea                            4.08

New Zealand                  4.89

Philippines                      2.94

Singapore                     18.76

Taiwan                         11.30

Thailand                         7.32

Material Events or Transactions

There have been no other material events or transactions that have taken place between 1 March 2011 and the date of publication of this Statement.

Changes to Share Capital during the quarter ended 31 May 2011

	Issued Ordinary shares of 1p each
As at 1 March 2011	166,279,500
Shares issued during the period Shares bought back during the period	Nil Nil
Shares in issue as at 31 May 2011	166,279,500

Company Information as at 31 May 2011

Sedol Code                                        B0CRWN5

Sector                                                Equity Investment Instruments

Launch Date                                       July 2005

Financial Year End                              31 August

Next Dividend Payment                      December 2011

AGM                                                 December       

Enquiries:

Jonathan McGuire

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

14 July 2011

 

END

 

 

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