Interim Management Statement

RNS Number : 4628W

JPMorgan Claverhouse IT PLC

18 November 2010

 



JPMorgan Claverhouse Investment Trust plc

Interim Management Statement

For the three months ended 30th September 2010

This interim management statement relates to the quarter from 1st July 2010 to 30th September 2010 and contains information that covers that period, unless otherwise stated. 

Financial performance - Cumulative Total Return *

	1 month	3 months	1 Year	3 Years	5 Years	10 Years
Share price	6.7%	14.5%	15.3%	-7.5%	17.8%	13.1%
Net asset value	7.3%	15.6%	12.4%	-7.2%	19.0%	23.4%
Benchmark	6.5%	13.6%	12.5%	-3.1%	24.7%	32.1%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th September 2010	As at 17th November 2010
Total assets	£292.2m	£297.7m
Share price	435.0p	442.5p
Net asset value	457.7p	470.9p
Discount	5.0%	6.0%
Gearing	108.8%	109.0%

Share prices shown are closing bid

Net asset values are shown excluding income with debt at fair value

Source: JPMAM/Morningstar

Material events

A second quarterly interim dividend of 3.5p was paid on 1st September 2010.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st July 2010	56,765,653
Shares bought back and cancelled	-
Shares bought into Treasury	130,000
Shares cancelled from Treasury	-
Shares issued	-
As at 30th September 2010	56,765,653

The Company has not repurchased or issued any shares in this financial quarter.

Portfolio

Top ten holdings as at 30th September 2010

Stock name	Sector	Weight %
Royal Dutch Shell	Oil & Gas	8.3
Vodafone	Telecommunications	5.8
HSBC	Financials	5.6
BP	Oil & Gas	5.4
GlaxoSmithKline	Health Care	4.1
AstraZeneca	Health Care	4.1
British American Tobacco	Consumer Goods	3.8
Rio Tinto	Basic Materials	3.7
BHP Billiton	Basic Materials	3.4
Anglo American	Basic Materials	2.4

Sector analysis as at 30th September 2010

	Portfolio %
Financials	23.0
Oil & Gas	17.0
Basic Materials	13.7
Consumer Services	10.6
Consumer Goods	9.2
Health Care	8.6
Industrials	7.3
Telecommunications	6.5
Utilities	1.0
Technology	0.8
Cash	2.3
Total	100.00

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

18th November 2010

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: [phone]

This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules.

Please note that up to date information on the Company, including daily NAV and share prices, factsheets and portfolio information can be found at www.jpmclaverhouse.co.uk 

 

END

 

 

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