SCHRODER ORIENTAL INCOME FUND LIMITED
Interim Management Statement for the Quarter ended 30 November 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 30 November 2011
Gross Assets |
£268.33 million |
Net Asset Value (NAV) per Ordinary Share Cum Income |
146.86p |
Share Price |
149.00p |
Premium |
1.46% |
Number of Holdings |
71 |
Net Effective Gearing |
3.00% |
Yield |
4.26% |
Cumulative Performance to 30 November 2011
Performance over |
3 months |
1 year |
3 years |
Share Price (Total Return) |
(2.0)% |
(0.2)% |
169.1% |
Net Asset Value (Total Return) |
(5.4)% |
(0.9)% |
135.0% |
All Performance Data Source: Morningstar.
Portfolio Information as at 30 November 2011
Ten Largest Holdings
Stock Name |
Country |
Market Value(£) |
% of NAV |
Fortune Real Estate Investment Trust |
Singapore |
11,875,906 |
4.62 |
Australia & New Zealand Banking Group |
Australia |
10,011,266 |
3.89 |
Swire Pacific A |
Hong Kong |
8,309,024 |
3.23 |
Ascendas Real Estate Investment Trust |
Singapore |
7,841,520 |
3.05 |
Fletcher Building |
New Zealand |
7,231,783 |
2.81 |
Taiwan Semiconductor Manufacturing |
Taiwan |
7,139,673 |
2.78 |
Glow Energy |
Thailand |
6,952,804 |
2.70 |
Crown |
Australia |
6,378,172 |
2.48 |
Chorus |
New Zealand |
6,376,379 |
2.48 |
Venture |
Singapore |
6,046,622 |
2.35 |
Country Allocation
Country % of Portfolio
Australia 22.35
Singapore 18.93
Hong Kong 16.60
Taiwan 10.29
Thailand 8.38
New Zealand 7.48
Korea 3.72
China 3.59
Indonesia 2.80
Philippines 1.86
India 0.64
Material Events or Transactions
During the quarter the Company issued 2,290,000 shares, with further issuances since the quarter end of 225,000 shares. There are currently 168,794,500 shares in issue.
The second interim dividend for the year ended 31 August 2011 of 3.70 pence per share was paid to shareholders on 30 December 2011.
There have been no other material events or transactions that have taken place between 1 September 2011 and the date of publication of this Statement.
Annual General Meeting
The Annual General Meeting of the Company was held on 30 December 2011. All resolutions set out in the Notice of Meeting were duly passed.
Changes to Share Capital during the quarter ended 30 November 2011
|
Issued Ordinary shares of 1p each |
As at 1 September 2011 |
166,279,500 |
Shares issued during the period Shares bought back during the period |
2,290,000 - |
Shares in issue as at 30 November 2011 |
168,569,500 |
Company Information as at 30 November 2011
Sedol Code B0CRWN5
Sector Equity Investment Instruments
Launch Date July 2005
Financial Year End 31 August
AGM December
Enquiries:
Jonathan McGuire
Schroder Investment Management Limited
Company Secretary
Tel: 020 7658 3496
13 January 2012