SCHRODER ORIENTAL INCOME FUND LIMITED
Interim Management Statement for the Quarter ended 31 May 2010
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 2010
Gross Assets |
£228.15 million |
Net Asset Value (NAV) per Ordinary Share |
128.96p |
Share Price |
129.50p |
Premium |
0.42% |
Number of Holdings |
73 |
Net Effective Gearing |
6.20% |
Yield |
4.30% |
Cumulative Performance to 31 May 2010
Performance over |
3 months |
1 year |
3 years |
Share Price (Total Return) |
6.1% |
47.5% |
24.1% |
Net Asset Value (Total Return) |
6.3% |
43.4% |
18.1% |
All Performance Data Source: Fundamental Data.
Portfolio Information as at 31 May 2010
Ten Largest Holdings
Stock Name |
Country |
Market Value(£) |
Percentage of NAV |
Fortune Real Estate Investment Trust |
Singapore |
13,570,431 |
6.18 |
Jardine Matheson |
Hong Kong |
9,120,457 |
4.16 |
QBE Insurance Group |
Australia |
7,614,063 |
3.47 |
Taiwan Semiconductor Manufacturing |
Taiwan |
6,688,606 |
3.05 |
Australia & New Zealand Banking Group |
Australia |
6,361,836 |
2.90 |
Ascendas Real Estate Investment Trust |
Singapore |
6,288,911 |
2.87 |
Suncorp Metway |
Australia |
6,209,251 |
2.83 |
Siliconware Precision |
Taiwan |
5,865,614 |
2.67 |
Glow Energy |
Thailand |
5,374,014 |
2.61 |
Swire Pacific |
Hong Kong |
5,709,867 |
2.60 |
Country Allocation
Country Percentage of NAV
Australia 23.47
China 9.43
Hong Kong 15.93
Indonesia 1.76
India 1.23
Korea 4.43
New Zealand 2.53
Philippines 2.71
Singapore 19.53
Taiwan 14.07
Thailand 4.91
Material Events or Transactions
During the quarter ended 31 May 2010 the Company issued a total of 1,800,000 shares, and a further 200,000 shares have been issued since the quarter end.
There have been no other material events or transactions that have taken place between 1 March 2010 and the date of publication of this Statement.
Changes to Share Capital during the quarter ended 31 May 2010
|
Issued Ordinary shares of 1p each |
As at 1 March 2010 |
156,259,500 |
Shares issued during the period Shares bought back during the period |
1,800,000 Nil |
Shares in issue as at 31 May 2010 |
158,059,500 |
Company Information as at 31 May 2010
Sedol Code B0CRWN5
Sector Equity Investment Instruments
Launch Date July 2005
Financial Year End 31 August
Next Dividend Payment December 2010
AGM December
Enquiries:
John Spedding
Schroder Investment Management Limited
Company Secretary
Tel: 020 7658 3206
20 July 2010