Schroder Oriental Income Fund Limited - SOI
Backing best ideas in Asian IncomeWhy invest in SOI?
Asian companies are increasingly world-leading and returning cash to shareholders. The Schroder Oriental Income Fund aims to tap into the Asian income story and help investors diversify their dividends.
An investment in the Schroder Oriental Income Fund is an investment in:
- The Asian income stars of today and tomorrow
- Powerful secular trends that are driving growth across the region, companies with strong balance sheets and progressive dividend policies driving a combination of both capital growth and income returns
- A strategy that has consistently grown the dividends paid to shareholders since 2005 (AIC)
- A highly experienced team with a wealth of resources both locally and globally
Behind the trust: read our philosophy article >
The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.
Key Information
Annual Results 2023
On 29 November, Managers Richard Sennitt and Abbas Barkhordar presented the Trust's annual results for the year ended 31 August 2023. The presentation can be downloaded above.
Performance
For further performance data please visit the London Stock Exchange website.
Ongoing charge (as at July 2023): 0.98%
Performance fee: 10% of NAV over a 7% p.a. hurdle rate, capped at 0.75% of net assets of NAV.
Awards
Source: Morningstar as at January 2024
Source: FundCalibre as at January 2024
Source: Kepler Trust Intelligence, 2024
Trust insights
Meet the manager
"While by no means universal, many Asian companies are increasingly focused on dividends as a substantial contributor to shareholder returns."
Richard Sennitt
Fund Manager, Asian Equities
Independent Board of Directors
Documents
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Investing in the Schroder Oriental Income Fund Limited
Non-Mainstream Pooled Investments (NMPI) Status
The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
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.