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JPMorgan Claver IT (JCH)

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Tuesday 17 November, 2009

JPMorgan Claver IT

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 StreetLondonEC2Y 9AQ

Telephone: 020 7742 6000


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 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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