Interim Management Statement

RNS Number : 6391P

Schroder Oriental Income Fund Ltd

20 July 2010

 

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: [phone]

20 July 2010

 

END

 

 

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