Schroder Oriental Income Fund Limited

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Silver

Source for rating: Morningstar as at June 2016

Morningstar report

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.  

The Company targets the attractive income and income growth potential provided by Asian companies. Managed by Matthew Dobbs who has been investing in Asia for 29 years, with the support of Schroders’ extensive network of analysts in the region, the Company has delivered a growing dividend every year since launch in 2005.

Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.

 

Performance (%)

Schroder Oriental Income Fund ltdQ3 2015- Q3 2016Q3 2014 - Q3 2015Q3 2013- Q3 2014Q3 2012 - Q3 2013Q3 2011 - Q3 2012
NAV total return 39.2 -2.9 6.5 12.9 26.0
Share price total return 43.4 -4.9 4.7 14.9 22.8
Reference index total return* 38.9 -9.2 4.0 8.3 17.2

Source: Schroders, bid to bid price with net income reinvested, net of the ongoing charges and portfolio costs and, where applicable, performance fees, in GBP, as at 31 October 2016. *MSCI AC Pacific ex Japan Gross TR GBP.

What are the risks?

  • Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.
  • Investors in the emerging markets and the Far East should be aware that this involves a high degree of risk and should be seen as long term in nature. Less developed markets are generally less well regulated than the UK, they may be less liquid and may have less reliable arrangements for trading and settlement of the underlying holdings.
  • The Company invests in smaller companies that may be less liquid than in larger companies and price swings may therefore be greater than investment trusts, companies and funds that invest in larger companies.
  • The Company holds investments denominated in currencies other than sterling, investors should note that exchange rates may cause the value of these investments, and the income from them, to rise or fall.
  • The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so.
  • Investment in warrants, participation certificates, guaranteed bonds, etc will expose the fund to the risk of the issuer of these instruments defaulting. Deducting charges from capital can result in the income paid by the company being higher than would otherwise be the case and the growth in the capital sum being eroded.
  • As a result of the fees being charged partially to capital, the distributable income of the Company may be higher, but the capital value of the Company may be eroded.

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Registrar contact details

Computershare Investor Services (Guernsey) Limited
c/o Queensway House
Hilgrove Street, St Helier
Jersey, JE1 1ES

Shareholder Helpline: +44 (0) 370 707 4040*
http://www.investorcentre.co.uk/je

*Calls to this number are free of charge from UK landlines