Interim Management Statement

RNS Number : 6673C

JPMorgan Claverhouse IT PLC

17 November 2009

 



JPMorgan Claverhouse Investment Trust plc

Interim Management Statement

For the three months ended 30th September 2009

This interim management statement relates to the quarter from 1st July 2009 to 30th September 2009 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	-0.4%	20.1%	7.5%	-13.1%	33.1%	25.7%
Net asset value	4.6%	24.2%	10.1%	-9.7%	38.5%	31.5%
Benchmark	4.7%	22.4%	10.8%	-3.4%	38.4%	28.6%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th September 2009	As at 16th November 2009
Total assets	£285.7m	£290.4m
Share price	393.0p	410.0p
Net asset value	432.8p	451.44p
Discount	9.2%	9.2%
Gearing	110.7%	111.50%

Share prices shown are closing bid

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

Source: JPMAM/Fundamental Data

Material events 

A second quarterly interim dividend of 3.5p was paid on 1st September 2009.

Material transactions 

Changes to share capital 

	Ordinary Shares of 25p
Shares in issue as at 1st July 2009	56,765,653
Shares bought back and cancelled	-
Shares issued	-
As at 30th September 2009	56,765,653

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

Portfolio

Top ten holdings as at 30th September 2009

Stock name	Sector	Weight %
Royal Dutch Shell	Oil & Gas	8.5
BP	Oil & Gas	8.4
HSBC	Financials	7.1
Vodafone	Telecommunications	4.8
GlaxoSmithKline	Health Care	4.6
Astrazeneca	Health Care	4.5
Barclays	Financials	3.5
BHP Billiton	Basic Materials	2.8
Standard Chartered	Financials	2.2
British American Tobacco	Consumer Goods	2.2

Sector analysis as at 30th September 2009

	Portfolio %
Financials	27.4
Oil & Gas	20.2
Basic Materials	10.3
Consumer Goods	9.8
Health Care	9.0
Consumer Services	7.0
Industrials	6.1
Telecommunications	5.4
Cash	2.6
Technology	1.4
Utilities	0.8
Total	100.00

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

17th November 2009

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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