Interim Management Statement

RNS Number : 6048W

Edinburgh US Tracker Trust plc

22 November 2010

 



Edinburgh US Tracker Trust plc - Interim management statement

To the members of Edinburgh US Tracker Trust plc

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 August 2010 to 19 November 2010, and contains information that covers this period, up to the date of publication of this interim management statement, unless otherwise specified.

Investment objective

To invest in a portfolio designed to track closely the S&P 500 Index, both in terms of capital and income.

Benchmark

S&P 500 Index

Material events and their impact on the Trust

The Company paid an interim dividend of 4.20p to shareholders on 22 October 2010.  The ex-dividend date was 22 September 2010 and the register date was 24 September 2010.

Material transactions and their impact on the Trust's financial position

Over the three month period to 31 October 2010 the Company's net asset value rose 6.1% on a total return basis compared to a rise of 5.8% in the S&P 500 Index.  The Company has bought back 2,003,790 shares for the period 1 August 2010 to 19 November 2010.  

For latest NAV and share price information, please refer to the Trust's website, www.edinburghustracker.co.uk.

Cumulative performance (%)

	as at	3 months	6 months	1 year	3 years	5 years
	31/10/2010
Share Price	586.5	6.3	-4.9	19.0	5.6	18.9
NAV	616.3	6.1	-3.7	19.4	4.9	17.8
S&P 500		5.8	-3.6	20.1	6.2	20.7

Discrete Performance

	31/10/2010	31/10/2009	31/10/2008	31/10/2007	31/10/2006
Share Price	19.0	7.2	-17.2	2.1	10.3
NAV	19.4	7.1	-17.9	4.4	7.5
S&P 500	20.1	7.6	-17.8	5.2	8.0

Total Return; NAV to NAV, Net Income Reinvested, GBP

Source: Aberdeen Asset Managers Limited, Factset and Morningstar

NAV returns based on NAVs excluding income and with debt valued at par

Ten largest equity holdings

as at 31 October 2010

	%
ExxonMobil	3.1
Apple	2.5
Microsoft	1.9
IBM	1.7
Procter & Gamble	1.7
Johnson & Johnson	1.6
General Electric	1.6
AT&T Com	1.6
Chevron	1.5
Google	1.4
Total	18.6

Sector allocation

as at 31 October 2010

	%
Information Technology	19.5
Financials	15.3
Health Care	11.5
Consumer Staples	11.1
Energy	11.1
Industrials	10.7
Consumer Discretionary	10.6
Utilities	3.5
Materials	3.6
Telecommunication Services	3.1
Total	100.0

Assets at 31 October 2010

Investments	206.0
Cash	1.0
Total assets¹	207.0
No of shares in issue	33,582,818
Net asset value	616.3p
Discount	4.8%

(¹ Excluding current year revenue)

Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise and may be affected by exchange rate movements.  Investors may not get back the amount they originally invested.

For Edinburgh US Tracker Trust plc

Aberdeen Asset Management PLC, Secretary

 

END

 

 

IMSPGGMCGUPUGCP