SCHRODER ORIENTAL INCOME FUND LIMITED
Interim Management Statement for the Quarter ended 30 November 2009
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 30 November 2009
Gross Assets |
£200.25 million |
Net Asset Value (NAV) per Ordinary Share |
115.56p |
Share Price |
113.25p |
Discount |
2.00% |
Number of Holdings |
73 |
Net Effective Gearing |
7.85% |
Cash |
3.13% |
Yield |
4.90% |
Cumulative Performance to 30 November 2009
Performance over |
3 months |
1 year |
3 years |
Share Price (Total Return) |
9.5% |
93.2% |
28.9% |
Net Asset Value (Total Return) |
12.4% |
81.7% |
27.3% |
All Performance Data Source: Fundamental Data.
Portfolio Information as at 30 November 2009
Ten Largest Holdings
Stock Name |
Country |
Market Value(£) |
Percentage of NAV |
Fortune Real Estate Investment Trust |
Singapore |
10,028,618 |
5.03 |
QBE Insurance Group |
Australia |
7,383,831 |
3.71 |
Jardine Matheson |
Hong Kong |
6,616,845 |
3.32 |
Suncorp Metway |
Australia |
6,464,308 |
3.24 |
Australia & New Zealand Banking Group |
Australia |
6,094,466 |
3.06 |
Ascendas Real Estate Investment Trust |
Singapore |
5,746,900 |
2.88 |
Far EasTone Telecommunications |
Taiwan |
5,266,882 |
2.64 |
Hang Seng Bank |
Hong Kong |
5,240,632 |
2.63 |
SUNTEC |
Singapore |
4,954,632 |
2.49 |
SK Telecom |
Korea |
4,908,495 |
2.46 |
Country Allocation
Country Percentage of NAV
Australia 24.86
Canada 2.78
China 4.95
Hong Kong 19.88
Indonesia 2.90
Korea 3.46
New Zealand 3.33
Philippines 1.82
Singapore 19.07
Taiwan 11.32
Thailand 4.48
USA 1.15
Material Events or Transactions
During the quarter the Company issued 1,650,000 shares.
There have been no other material events or transactions that have taken place between 1 September 2009 and the date of publication of this Statement.
Annual General Meeting
The Annual General Meeting of the Company was held on 9 December 2009. All resolutions set out in the Notice of Meeting were duly passed.
Changes to Share Capital during the quarter ended 30 November 2009
|
Issued Ordinary shares of 1p each |
As at 31 August 2009 |
153,334,500 |
Shares issued during the period Shares bought back during the period |
1,650,000 Nil |
Shares in issue as at 30 November 2009 |
154,984,500 |
Company Information as at 30 November 2009
Sedol Code B0CRWN5
Sector Equity Investment Instruments
Launch Date July 2005
Financial Year End 31 August
Next Dividend Payment April 2010
AGM December
Enquiries:
John Spedding
Schroder Investment Management Limited
Company Secretary
Tel: 020 7658 3206
14 January 2010