施罗德亚洲高息股债基金2019年年度未经审核之中期报告
2020-02-27 文字大小 【 】 【打印
            
Schroder Asian Asset
Income Fund
施罗德亚洲高息股债基金
(A Sub-Fund of Schroder Umbrella Fund II)
( 施罗德伞型基金 II 的子基金 )
Unaudited Semi-Annual Report 2019
二零一九年度未经审核之中期报告书
施罗德亚洲高息股债基金
Manager
Schroder Investment Management
(Hong Kong) Limited
Level 33
Two Pacific Place
88 Queensway
Hong Kong
Telephone: 2521 1633
Hotline: 2869 6968
Fax: 2530 9095
Home Page: http://www.schroders.com.hk
Trustee and Registrar
HSBC Institutional Trust Services (Asia) Limited
1 Queen’s Road Central
Hong Kong
Registrar’s Service Provider
HSBC France, Luxembourg Branch
16 Boulevard d’Avranches
L-1160, Luxembourg
Auditors
PricewaterhouseCoopers
Certified Public Accountants
22/F Prince’s Building
Central
Hong Kong
基金管理人
施罗德投资管理(香港)有限公司
香港金钟道88号
太古广场二座33字楼
电话:2521 1633
热线:2869 6968
图文传真:2530 9095
网页:http://www.schroders.com.hk
受托人及注册登记机构
汇丰机构信托服务(亚洲)有限公司
香港中环皇后大道中1号
注册登记机构之服务提供机构
HSBC France, Luxembourg Branch
16 Boulevard d’Avranches
L-1160, Luxembourg
审计师
罗兵咸永道会计师事务所
香港
中环太子大厦二十二楼
Schroder Asian Asset
Income Fund
(A Sub-Fund of Schroder Umbrella Fund II)
施罗德亚洲高息股债基金
(施罗德伞型基金II的子基金)
Schroder Asian Asset Income Fund
Solicitors
Deacons
5/F Alexandra House
18 Chater Road
Central
Hong Kong
Further information
Schroders is a Foreign Account Tax Compliance
Act (“FATCA”) compliant organisation. Please
find the FATCA classification of this entity and
its Global Intermediary Identification Number
(“GIIN”) below.
FATCA entity classification: Nonreporting IGA
FFI / Registered Sponsored Investment Entity
Sponsored entity GIIN: IV2GGD.00030.SF.344
Sponsoring entity: Schroder Investment
Management (Hong Kong) Limited
律师
的近律师行
遮打道18号
香港中环历山大厦5楼
额外资讯
施罗德乃合规美国《海外帐户税收合规法案》
(「FATCA」)机构。其FATCA类别及其机构的美国
全球中介人识别码(「GIIN」)如下。
FATCA机构类别:在跨政府协议下免申报的海外
金融机构╱注册资助机构
资助机构的GIIN:IV2GGD.00030.SF.344
发行机构:施罗德投资管理(香港)有限公司
Schroder Asian Asset
Income Fund
(A Sub-Fund of Schroder Umbrella Fund II)
施罗德亚洲高息股债基金
(施罗德伞型基金II的子基金)
施罗德亚洲高息股债基金 1
Manager’s Report 基金管理人报告
Market Review
In Q3 2019, Asia ex Japan equities lost value as
the US-China trade dispute rumbled on and
global growth concerns weighed on market
sentiment. China underperformed following
the announcement of new US trade tariffs
while Hong Kong equities also fell amid
ongoing demonstrations. By contrast, Taiwan
posted a positive return, underpinned by
strong performance from technology stocks.
Turning to fixed income, government bond
yields declined markedly over the quarter due
to heightened risk aversion in August when
US-China trade tensions escalated. The US
10-year Treasury yield was more than 30 bps
lower. Within the currency space, the US dollar
appreciated against most Asian currencies,
although the Thai Baht was notably stronger.
Going into the last quarter, the geopolitical
risks that harried markets for much of 2019
faded thanks to the announcement of a “phase
one” trade deal between the US and China,
helping equity markets to post gains. Within
Asia, China, South Korea and Taiwan all
outperformed thanks to the proposed trade
deal. In particular, the technology sector
boosted returns as earnings were revised
upwards following solid Q3 sales. By contrast,
Thailand recorded a negative return as Q3 GDP
growth remained subdued. Elsewhere,
government bond yields were largely higher.
The US 10-year yield rose 26 bps over the
quarter, as The Federal Reserve cut rates once
in the quarter before indicating that “the
current stance of monetary policy is
appropriate”. Asian currencies were broadly
stronger, with the Korean Won recording over
+3% against the US dollar.
市场观察
二零一九年第三季,中美贸易争议持续扰攘,环
球增长隐忧又压抑市场气氛,都拖累日本以外亚
洲股市下挫。美国宣布新贸易关税后,中国股市
表现逊色,港股在示威活动不绝形势下亦报跌。
相反,台湾则凭借科技股表现强劲支持而录得进
账。固定收益方面,八月份中美贸易紧张局势升
级导致避险意欲加剧,季内政府债券孳息率显著
下跌。美国十年期国库券孳息率下跌逾30基点。
汇市当中,美元兑大部分亚洲货币均见上扬,但
泰铢却明显较强。踏入第四季,有赖中美宣布达
成「第一阶段」贸易协议,困扰二零一九年大部分
时间的地缘政治风险遂见淡化,有助股市录得进
账。亚洲区内,有赖贸易协议达成,中韩台均表
现突出。科技股回报尤其获提升,原因是第三季
销售稳健,带动盈利获上调。相反,泰国却因为
第三季本地生产总值(GDP)增长继续低迷而录得
负回报。至于其他市场,政府债券孳息率大致向
上。季内联邦储备局减息后表示「目前货币政策
立场恰当」,推动美国十年期国库券孳息率升26
基点。亚洲货币大体走强,南韩圜兑美元升超过
3%。
2 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
Outlook
Overall risk sentiment has improved vastly
following the announcement of a “phase one”
trade deal between the US and China, which
should alleviate some concerns on muted
global growth and economy activity. In fact,
we have seen some stabilisation in recent
economic indicators and we believe
momentum is likely to improve going forward.
Moreover, central banks have maintained their
accommodative stance and should largely stay
put through 1H 2020. Therefore, our base case
scenario remains largely unchanged. We
maintain the view that the current environment
with ample liquidity should remain supportive
of risky assets in the medium term, especially
with previous headwinds fading.
Overall, we remain comfortable with our equity
allocation, especially given the defensive
nature of the holdings. That said, a lot of good
news has been priced into the current
valuation, and thus the buffer to downside
lower should volatility come back. For Asian
equities, the improved backdrop has seen an
upward re-rating of the cyclical / growth
oriented sectors, in particular for exporters
which have been hampered by trade tensions,
while defensive and high dividend names have
been under profit-taking pressure. This trend
could continue in the near-term given the
improved outlook on growth, and we might
take advantage of short-term corrections
triggered by volatility to introduce more
cyclical exposures in the portfolio.
展望
中美宣布达成「第一阶段」贸易协议后,整体冒险
意欲已大为改善,应可纾缓部分有关环球增长和
经济活动低迷的隐忧。事实上,近期多项经济指
标已略见回稳,相信此后的动力有望好转。再
者,多国央行都维持宽松立场,二零二零年上半
年应会大致按兵不动。因此,我们的基本方案仍
大体不变。我们依然认为,中线而言,目前游资
充裕的环境应可继续利好风险资产,特别是之前
的利淡因素正在减退。
整体而言,我们对基金的股票配置仍然满意,特
别是持股具备防守本质。虽然如此,不少好消息
已获现行股值反映,因此,一旦波动重临,抗跌
能力就会减弱。对于亚洲股市,形势有所改善,
周期╱增长导向板块评级上调,曾因贸易关系紧
张而受压的出口股尤甚,防守及高息股则承受获
利回吐压力。增长前景好转,这股趋势短期内可
望延续,我们或会把握波动触发的短线调整机
会,为投资组合引入更多周期性投资。
施罗德亚洲高息股债基金 3
Manager’s Report 基金管理人报告
Outlook (Continued)
Moving onto fixed income, we believe 2020 will
be a more challenging year for credit investors
as the tailwind of monetary easing is likely to
wane. At the same time, in some areas such as
China, default risks are likely to rise. As such,
we are likely to keep a relatively cautious
stance in managing the portfolio and ensuring
quality and income stability in the portfolio
holdings.
All in all, we continue to stress the importance
of selectivity while maintaining our preference
towards name with high quality and better
value.
展望(续)
固定收益方面,由于放松银根的利好因素应会淡
化,我们认为信贷投资者会在二零二零年面对较
大挑战。与此同时,中国等部分地区的违约风险
有可能加剧。因此,我们在管理投资组合时应会
维持相对审慎的立场,并确保组合所持投资的质
素和收益稳定性。
总括而言,我们继续强调严格选择的重要性,同
时维持偏重高质素和价值较佳股份。
4 Schroder Asian Asset Income Fund
截至二零一九年十二月三十一日,基金总值
34,564,262,210港元,发行份额如下:
Manager’s Report 基金管理人报告
As at 31st December 2019, the Fund size was
HK$34,564,262,210, represented by units as
below:
31st December
2019
二零一九年
十二月三十一日
Units
份额
30th June
2019
二零一九年
六月三十日
Units
份额
Class A 类别
HKD Accumulation Units 港元累积份额 1,790,909.91 1,884,213.91
HKD Distribution Units 港元收息份额 91,016,879.36 87,847,766.97
USD Accumulation Units 美元累积份额 9,758,829.68 9,180,049.16
USD Distribution Units 美元收息份额 150,028,272.41 135,592,271.78
AUD Hedged Distribution Units 澳元对冲收息份额 63,021,282.02 65,160,930.69
RMB Hedged Distribution Units 人民币对冲收息份额 40,124,584.50 38,100,351.91
GBP Hedged Accumulation Units英镑对冲累积份额 50,833.61 36,989.07
GBP Hedged Distribution Units 英镑对冲收息份额 615,678.70 397,142.20
Class C 类别
HKD Accumulation Units 港元累积份额 241,583.24 246,761.64
HKD Distribution Units 港元收息份额 568,634.25 536,009.31
USD Accumulation Units 美元累积份额 9,152,978.17 5,761,594.25
USD Distribution Units 美元收息份额 739,344.32 213,478.27
AUD Hedged Distribution Units 澳元对冲收息份额 142,413.90 37,372.98
Class I 类别
USD Accumulation Units 美元累积份额 1,325,019.30 1,586,829.98
USD Distribution Units 美元收息份额 2,784,640.15 5,235,321.34
Class M 类别
RMB Hedged Accumulation Units 人民币对冲累积份额 12,297,555.27 12,196,315.81
Class X 类别
HKD Accumulation Units 港元累积份额 67.62 67.62
HKD Distribution Units 港元收息份额 66.04 64.42
USD Accumulation Units 美元累积份额 68.14 68.14
USD Distribution Units 美元收息份额 18,552.41 82.56
施罗德亚洲高息股债基金 5
Manager’s Report 基金管理人报告
The prices of units were: 基金份额价格如下:
NET ASSET VALUE PER UNIT 每份额净资产
31st December
2019
二零一九年
十二月三十一日
30th June
2019
二零一九年
六月三十日
Class A 类别
HKD Accumulation Units 港元累积份额 HK$ 港元 161.7028 HK$ 港元 161.2388
HKD Distribution Units 港元收息份额 HK$ 港元 104.4400 HK$ 港元 106.6920
USD Accumulation Units 美元累积份额 US$ 美元 16.1607 US$ 美元 16.0715
USD Distribution Units 美元收息份额 US$ 美元 10.4380 US$ 美元 10.6345
AUD Hedged Distribution Units 澳元对冲收息份额 AU$ 澳元 9.7077 AU$ 澳元 9.8985
RMB Hedged Distribution Units 人民币对冲收息份额 RMB 人民币 98.4050 RMB人民币100.4438
GBP Hedged Accumulation Units 英镑对冲累积份额 GBP 英镑 11.1997 GBP 英镑 11.2240
GBP Hedged Distribution Units 英镑对冲收息份额 GBP 英镑 10.0205 GBP 英镑 10.2186
Class C 类别
HKD Accumulation Units 港元累积份额 HK$ 港元 171.9288 HK$ 港元 170.8102
HKD Distribution Units 港元收息份额 HK$ 港元 111.0831 HK$ 港元 113.0638
USD Accumulation Units 美元累积份额 US$ 美元 15.3669 US$ 美元 15.2260
USD Distribution Units 美元收息份额 US$ 美元 10.6981 US$ 美元 10.8585
AUD Hedged Distribution Units 澳元对冲收息份额 AU$ 澳元 9.9521 AU$ 澳元 10.1137
Class I 类别
USD Accumulation Units 美元累积份额 US$ 美元 15.8781 US$ 美元 15.6751
USD Distribution Units 美元收息份额 US$ 美元 12.9461 US$ 美元 13.0954
Class M 类别
RMB Hedged Accumulation Units 人民币对冲累积份额 RMB人民币129.6357 RMB人民币128.7037
Class X 类别
HKD Accumulation Units 港元累积份额 HK$ 港元 161.3378 HK$ 港元 160.9676
HKD Distribution Units 港元收息份额 HK$ 港元 156.8036 HK$ 港元 160.2763
USD Accumulation Units 美元累积份额 US$ 美元 16.1103 US$ 美元 16.0350
USD Distribution Units 美元收息份额 US$ 美元 15.6715 US$ 美元 15.9684
6 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
DISTRIBUTION
HKD Class A
港元A类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
HK$
港元
Total
distribution
amount
总派息额
HK$
港元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 88,898,313.08 0.445092 39,567,927.97
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 88,776,452.97 0.435413 38,654,421.72
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 87,717,817.54 0.438663 38,478,561.00
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 88,414,877.13 0.441385 39,025,000.54
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 89,830,814.72 0.392868 35,291,652.52
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 90,786,463.32 0.389063 35,321,653.78
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 108,095,703.08 0.433125 46,818,951.40
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 103,420,073.04 0.433837 44,867,454.23
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 97,672,838.64 0.425274 41,537,718.78
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 91,873,442.52 0.412189 37,869,222.40
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 88,228,208.03 0.415433 36,652,909.15
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 87,672,095.54 0.413699 36,269,858.25
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 90,563,616.05 0.450361 40,786,320.69
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 92,592,338.75 0.456148 42,235,810.14
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 93,407,779.79 0.459775 42,946,561.95
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 92,531,018.49 0.459486 42,516,707.56
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 89,758,987.98 0.455067 40,846,353.38
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 87,847,766.97 0.446458 39,220,338.35
派息
施罗德亚洲高息股债基金 7
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
HKD Class C
港元C类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
HK$
港元
Total
distribution
amount
总派息额
HK$
港元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 547,865.43 0.471898 258,536.60
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 554,432.73 0.461958 256,124.64
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 564,280.14 0.465666 262,766.08
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 566,980.10 0.468881 265,846.20
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 567,444.17 0.417573 236,949.36
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 568,634.25 0.413701 235,244.56
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 479,574.74 0.455903 218,639.56
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 480,505.06 0.456970 219,576.40
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 483,289.38 0.448200 216,610.30
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 483,300.30 0.434651 210,066.96
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 483,311.10 0.438377 211,872.47
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 483,321.97 0.436729 211,080.72
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 483,332.91 0.475828 229,983.33
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 483,616.50 0.482210 233,204.71
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 531,795.74 0.486315 258,620.25
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 532,705.39 0.486280 259,043.98
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 527,076.35 0.481938 254,018.12
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 536,009.31 0.473102 253,587.08
派息(续)
8 Schroder Asian Asset Income Fund
DISTRIBUTION (Continued)
HKD Class X
港元X类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
HK$
港元
Total
distribution
amount
总派息额
HK$
港元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 64.69 0.668447 43.24
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 64.97 0.653680 42.47
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 65.24 0.658585 42.97
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 65.51 0.662687 43.41
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 65.79 0.589838 38.81
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 66.04 0.584123 38.58
For the year ended 30th June 2019
二零一九年六月三十日止年度
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 64.42 0.670705 43.21
派息(续)
Manager’s Report 基金管理人报告
施罗德亚洲高息股债基金 9
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
USD Class A
美元A类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
US$
美元
Total
distribution
amount
总派息额
US$
美元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 137,863,971.73 0.044352 6,114,542.87
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 138,651,348.62 0.043216 5,991,956.68
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 139,387,296.50 0.043587 6,075,474.09
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 142,158,110.64 0.043838 6,231,927.25
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 147,084,127.29 0.039078 5,747,753.53
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 149,839,577.39 0.038910 5,830,257.96
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 176,973,640.44 0.042989 7,607,919.83
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 165,507,704.88 0.043041 7,123,617.13
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 155,749,094.10 0.042396 6,603,138.59
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 147,075,321.98 0.040933 6,020,234.15
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 141,656,812.04 0.041339 5,855,950.95
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 140,547,343.21 0.041162 5,785,209.74
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 142,873,031.91 0.044709 6,387,710.38
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 141,980,488.76 0.045253 6,425,043.06
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 142,329,637.68 0.045615 6,492,366.42
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 141,818,084.30 0.045629 6,471,017.37
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 138,589,574.33 0.045145 6,256,626.33
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 135,592,271.78 0.044501 6,033,991.69
派息(续)
10 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
USD Class C
美元C类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
US$
美元
Total
distribution
amount
总派息额
US$
美元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 249,535.26 0.045307 11,305.69
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 311,188.95 0.044179 13,748.02
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 333,131.30 0.044585 14,852.66
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 500,289.96 0.044873 22,449.51
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 715,668.94 0.040025 28,644.65
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 739,344.32 0.039870 29,477.66
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 205,813.60 0.043599 8,973.27
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 205,815.84 0.043682 8,990.45
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 205,818.14 0.043052 8,860.88
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 153,053.50 0.041589 6,365.34
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 126,941.84 0.042030 5,335.37
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 126,941.84 0.041868 5,314.80
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 126,941.84 0.045514 5,777.63
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 864,507.10 0.046093 39,847.73
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 185,581.18 0.046487 8,627.11
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 223,478.27 0.046528 10,398.00
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 213,478.27 0.046066 9,834.09
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 213,478.27 0.045436 9,699.60
派息(续)
施罗德亚洲高息股债基金 11
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
USD Class I
美元I类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
US$
美元
Total
distribution
amount
总派息额
US$
美元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 5,235,321.34 0.054666 286,194.08
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 2,796,424.67 0.053340 149,161.29
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 2,796,031.84 0.053856 150,583.09
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 2,790,488.85 0.054240 151,356.12
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 2,790,488.85 0.048404 135,070.82
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 2,790,488.85 0.048236 134,602.02
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 5,146,248.32 0.052237 268,824.57
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 5,146,248.32 0.052372 269,519.32
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 5,186,644.20 0.051643 267,853.87
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 5,176,235.66 0.049915 258,371.80
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 5,175,559.05 0.050479 261,257.05
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 5,175,559.05 0.050305 260,356.50
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 5,165,959.99 0.054730 282,732.99
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 5,245,300.51 0.055457 290,888.63
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 5,245,300.51 0.055961 293,532.26
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 5,245,300.51 0.056040 293,946.64
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 5,235,321.34 0.055522 290,675.51
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 5,235,321.34 0.054794 286,864.20
派息(续)
12 Schroder Asian Asset Income Fund
DISTRIBUTION (Continued)
USD Class X
美元X类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
US$
美元
Total
distribution
amount
总派息额
US$
美元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 82.90 0.066579 5.52
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 83.26 0.064844 5.40
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 83.60 0.065405 5.47
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 83.95 0.065783 5.52
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 84.30 0.058640 4.94
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 17,080.08 0.058418 997.78
For the year ended 30th June 2019
二零一九年六月三十日止年度
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 82.56 0.066823 5.52
派息(续)
Manager’s Report 基金管理人报告
施罗德亚洲高息股债基金 13
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
AUD Hedged Class A
澳元对冲A类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
AU$
澳元
Total
distribution
amount
总派息额
AU$
澳元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 64,283,673.21 0.032991 2,120,782.66
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 64,018,644.70 0.032122 2,056,406.91
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 63,132,623.04 0.030389 1,918,537.28
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 63,746,533.23 0.030548 1,947,329.10
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 63,359,067.11 0.028251 1,789,957.00
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 62,783,217.76 0.028139 1,766,656.96
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 73,877,663.79 0.038067 2,812,301.03
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 71,646,754.82 0.038110 2,730,457.83
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 69,381,003.26 0.037548 2,605,117.91
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 67,055,149.43 0.034333 2,302,204.45
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 64,029,568.20 0.034668 2,219,777.07
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 63,621,451.71 0.034504 2,195,194.57
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 65,020,618.25 0.037628 2,446,595.82
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 65,444,717.53 0.038083 2,492,331.18
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 67,386,833.13 0.036369 2,450,791.73
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 66,963,482.55 0.036385 2,436,466.31
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 66,430,266.41 0.033988 2,257,831.89
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 65,160,930.69 0.033103 2,157,022.29
派息(续)
14 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
AUD Hedged Class C
澳元对冲C类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
AU$
澳元
Total
distribution
amount
总派息额
AU$
澳元
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 37,375.70 0.033726 1,260.53
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 96,312.55 0.032857 3,164.54
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 96,315.25 0.031101 2,995.50
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 134,640.42 0.031280 4,211.55
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 134,643.02 0.028945 3,897.24
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 134,645.46 0.028842 3,883.44
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 780.55 0.038672 30.19
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 783.65 0.038739 30.36
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 786.83 0.038187 30.05
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 790.02 0.034937 27.60
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 793.00 0.035298 27.99
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 795.99 0.035144 27.97
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 799.01 0.038358 30.65
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 802.17 0.038839 31.16
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 805.36 0.037109 29.89
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 808.38 0.037144 30.03
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 811.43 0.034719 28.17
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 37,372.98 0.033821 1,263.99
派息(续)
施罗德亚洲高息股债基金 15
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
RMB Hedged Class A
人民币对冲A类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
RMB
人民币
Total
distribution
amount
总派息额
RMB
人民币
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 39,077,837.68 0.439633 17,179,907.01
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 38,966,840.50 0.468992 18,275,136.46
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 39,281,133.67 0.472884 18,575,419.61
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 39,777,172.44 0.475586 18,917,466.33
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 39,828,065.32 0.450556 17,944,773.80
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 40,334,537.63 0.448475 18,089,031.76
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 39,427,215.30 0.490151 19,325,289.01
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 38,990,495.14 0.490448 19,122,810.36
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 38,891,072.66 0.523002 20,340,108.78
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 37,341,665.40 0.485497 18,129,266.53
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 36,757,830.98 0.490158 18,017,144.92
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 36,786,930.40 0.448819 16,510,673.32
30th January 2019二零一九年一月三十日 14th February 2019二零一九年二月十四日 37,172,648.91 0.463860 17,242,904.92
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 36,864,585.09 0.427889 15,773,950.45
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 37,659,101.35 0.431213 16,239,094.07
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 38,350,060.26 0.431316 16,540,994.59
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 38,425,692.85 0.467270 17,955,173.50
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 38,100,351.91 0.462465 17,620,079.25
派息(续)
16 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
DISTRIBUTION (Continued)
GBP Hedged Class A
英镑对冲A类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
GBP
英镑
Total
distribution
amount
总派息额
GBP
英镑
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 451,500.12 0.029800 13,454.70
28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 525,888.70 0.029007 15,254.45
25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 590,979.92 0.029264 17,294.44
30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 570,281.18 0.029428 16,782.23
27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 569,701.76 0.027071 15,422.40
18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 615,378.28 0.026971 16,597.37
For the year ended 30th June 2019
二零一九年六月三十日止年度
25th July 2018二零一八年七月二十五日 7th August 2018二零一八年八月七日 382,120.10 0.026838 10,255.34
29th August 2018二零一八年八月二十九日 10th September 2018二零一八年九月十日 382,309.87 0.026869 10,272.28
26th September 2018二零一八年九月二十六日 10th October 2018二零一八年十月十日 371,798.00 0.026480 9,845.21
24th October 2018二零一八年十月二十四日 5th November 2018二零一八年十一月五日 375,887.71 0.023597 8,869.82
28th November 2018二零一八年十一月二十八日 10th December 2018二零一八年十二月十日 386,361.72 0.023835 9,208.93
19th December 2018二零一八年十二月十九日 3rd January 2019二零一九年一月三日 386,362.20 0.023744 9,173.78
30th January 2019二零一九年一月三十日 12th February 2019二零一九年二月十二日 396,479.90 0.028632 11,352.01
27th February 2019二零一九年二月二十七日 11th March 2019二零一九年三月十一日 436,072.18 0.028973 12,634.32
27th March 2019二零一九年三月二十七日 8th April 2019二零一九年四月八日 436,072.74 0.029207 12,736.38
24th April 2019二零一九年四月二十四日 8th May 2019二零一九年五月八日 436,073.30 0.029220 12,742.06
29th May 2019二零一九年五月二十九日 11th June 2019二零一九年六月十一日 393,437.68 0.028884 11,364.05
28th June 2019二零一九年六月二十八日 10th July 2019二零一九年七月十日 397,142.20 0.027748 11,019.90
派息(续)
Note: Schroder Asian Asset Income Fund HKD Class X Distribution Units and USD Class X Distribution
Units were launched on 15th May 2019.
附注:施罗德亚洲高息股债基金港元X类别收息份额及美元X类别收息份额于二零一九年五月十五日成立。
Schroder Investment Management
(Hong Kong) Limited
20th February 2020
施罗德投资管理(香港)有限公司
二零二零年二月二十日
施罗德亚洲高息股债基金 17
Statement of Financial Position
财务状况报表
As at 31st December 2019
截至二零一九年十二月三十一日
31st December
2019
二零一九年
十二月三十一日
HK$
港元
30th June
2019
二零一九年
六月三十日
HK$
港元
ASSETS 资产
Current assets流动资产
Investments投资 32,992,764,680 32,340,050,691
Derivative financial instruments衍生金融工具 66,754,404 118,836,018
Amounts receivable on disposal of investments应收出售投资款项 521,064 97,355,718
Amounts receivable on subscription of units应收认购份额款项 205,447,793 224,743,009
Dividends receivable应收股息 26,339,568 91,614,986
Interest receivable on debt securities应收债务证券利息 149,839,281 149,255,551
Interest receivable on bank deposits应收存款利息 16,646 46,924
Other receivables and prepayments其他应收款项及预付款项 300,936 146,668
Margin deposits保证金 45,097,352 73,557,405
Cash collateral现金抵押品 2,103,786 –
Cash and bank deposits现金及银行存款 1,368,973,748 796,376,559
Total assets资产总值 34,858,159,258 33,891,983,529
LIABILITIES 负债
Current liabilities 流动负债
Derivative financial instruments衍生金融工具 4,545,657 43,052,681
Amounts payable on purchase of investments应付认购投资款项 – 81,383,070
Amounts payable on redemption of units应付赎回份额款项 133,890,583 258,317,306
Distributions payable应付股息 112,376,308 120,902,325
Other payables其他应付款项 43,084,500 40,652,367
Liabilities (excluding net assets attributable to unitholders)
负债值(除归于份额持有人净资产) 293,897,048 544,307,749
Net assets attributable to unitholders
归于份额持有人净资产 34,564,262,210 33,347,675,780
18 Schroder Asian Asset Income Fund
Investment Portfolio (Unaudited)
基金投资组合(未经审核)
As at 31st December 2019
截至二零一九年十二月三十一日
Country/Territory
国家╱地区
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED EQUITIES
上市股票
AUSTRALIA 澳大利亚 4,167,463,908 12.06
AGL Energy Limited Ord Npv 1,988,415 223,593,012 0.65
ASX Ltd Ord Npv 404,663 173,790,966 0.50
AusNet Services Ord Npv (Stapled) 61,119,996 569,107,731 1.65
Australia and NZ Banking Group Ltd Ord
Npv 2,996,751 404,275,402 1.17
National Australia Bank Ltd Ord Npv 3,697,364 498,791,297 1.44
Shopping Centres Australasia Property
Group REIT Npv (AU000000SCP9) 23,368,977 341,753,688 0.99
Spark Infrastructure Group Ord Npv
(Partly Paid) 28,724,398 328,820,942 0.95
Stockland Npv (Stapled) 21,212,460 536,778,681 1.55
Telstra Corp Ltd Ord Npv 10,500,795 203,604,648 0.59
Transurban Group Ord Npv (Stapled) 3,114,069 254,312,743 0.74
Vicinity Centres REIT Ord Npv 15,205,766 207,381,445 0.60
Westpac Banking Corp Ltd Ord Npv 3,204,292 425,253,353 1.23
HONG KONG 香港 4,883,679,418 14.13
BOC Hong Kong (Holdings) Ltd Ord HKDS 8,903,000 240,826,150 0.70
China Construction Bank H Shr Ord CNY1 54,448,000 366,435,040 1.06
China Mobile Ltd Ord HKDO.1 6,194,500 405,739,750 1.17
China Petroleum & Chemical Corp H Shr
Ord CNY1 55,544,000 260,501,360 0.75
CNOOC Ltd 6,007,000 77,850,720 0.23
Fortune Real Estate Investment Trust REIT
Npv 64,697,000 588,095,730 1.70
HK Electric Investments SS Ord
HKD0.0005 82,585,177 634,254,159 1.84
HKT Trust and HKT Ltd Share Stapled Unit 37,975,060 416,966,159 1.21
HSBC Holdings Plc Ord USD0.5 (HKSE) 2,689,600 163,662,160 0.47
Industrial and Commercial Bank of China
H Shs Ord CNY1 57,247,000 343,482,000 0.99
Link REIT 5,372,500 443,231,250 1.28
Power Assets Holdings Ltd Ord Npv 9,189,500 523,801,500 1.52
Sands China Ltd Ord USD0.01 6,137,600 255,631,040 0.74
Sun Hung Kai Properties Ltd Ord Npv 1,368,000 163,202,400 0.47
INDIA 印度 955,350,938 2.76
Embassy Office Parks REIT Npv 1,884,200 87,045,268 0.25
India Grid Trust Ord INR Npv 19,784,331 205,733,235 0.59
IRB InvIT Fund Ord Npv 12,625,000 75,330,964 0.22
Ntpc Ltd Ord Inr10.000000000 16,140,812 209,762,228 0.61
Power Grid Corp of India Ltd Ord INR10
(Demat) 18,175,899 377,479,243 1.09
施罗德亚洲高息股债基金 19
Country/Territory
国家╱地区
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED EQUITIES(Continued)
上市股票(续)
INDONESIA 印尼 286,547,880 0.83
Telekomunikasi Indonesia Tbk Pt Ord
IDR50 (Demat) 128,598,700 286,547,880 0.83
JAPAN 日本 194,215,809 0.56
Advance Residence Investment REIT 349 8,607,797 0.02
AEON REIT Investment Corp Ord Npv 1,370 14,606,282 0.04
Daiwa Office Investment Corp (REIT) 153 9,148,832 0.03
Frontier Real Estate Investment Corp (REIT) 236 7,724,332 0.02
Fukuoka REIT Corp 436 5,783,175 0.02
GLP J-REIT REIT Npv 1,569 15,175,501 0.04
Invesco Office J-REIT Inc Ord Npv 8,269 13,327,769 0.04
Japan Excellent Inc Ord Npv REIT 835 10,524,791 0.03
Japan Hotel Fund Investment Corp (REIT) 1,131 6,584,560 0.02
Japan Rental Housing Investment Inc Ord
Npv (REIT) 1,613 12,293,507 0.04
Kenedix Office Investment Corp Ord Npv
(REIT) 267 16,042,182 0.05
Lasalle Logi port REIT Npv 1,153 13,334,349 0.04
MUCUBS Midcity REIT Inc 2,100 17,766,810 0.05
Nippon Accommodations Fund (REIT) 161 7,918,777 0.02
Nomura Real Estate Master Fund Inc REIT
Npv 1,155 15,369,796 0.04
Premier Investment Co REIT Ord Npv 1,255 13,821,115 0.04
Sekisui House REIT Inc Ord Npv 944 6,186,234 0.02
NEW ZEALAND 新西兰 277,730,180 0.80
Spark New Zealand Ltd Ord Npv
(New Zealand) 12,201,658 277,730,180 0.80
SINGAPORE 新加坡 5,738,142,353 16.60
Ascendas Real Estate Investment Trust Npv 42,625,128 733,585,442 2.12
CapitaCommercial Trust Ord Npv 53,426,763 616,084,804 1.78
CapitaMall Trust REIT SGD1 32,036,700 456,679,419 1.32
Frasers Centrepoint Trust Ord Npv (REIT) 32,216,147 524,576,072 1.52
Mapletree Commercial Trust Ord Npv
(REIT) 68,056,951 942,538,172 2.73
Mapletree Industrial Trust Ord Npv 50,416,600 759,583,393 2.20
Mapletree Logistics Trust Ord Npv 16,128,700 162,621,203 0.47
Mapletree North Asia Commercial Trust
REIT 94,893,400 637,855,868 1.84
Oversea-Chinese Banking Corp Ord Npv 1,740,797 110,759,001 0.32
Singapore Telecommunications Ltd Ord
Npv 11,747,500 229,405,546 0.66
Soilbuild Business Space REIT Npv 31,976,230 96,351,651 0.28
Suntec REIT 29,350,200 312,937,383 0.91
United Overseas Bank Ltd 1,013,900 155,164,399 0.45
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
20 Schroder Asian Asset Income Fund
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
Country/Territory
国家╱地区
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED EQUITIES(Continued)
上市股票(续)
SOUTH KOREA 南韩 299,193,473 0.87
Hana Financial Holdings Ord Npv 147,189 36,594,234 0.11
ING Life Insurance Korea Ltd Ord
KOW1000 390,073 73,983,560 0.21
Lotte Reit Co Ltd Ord Npv 1,949,489 80,911,907 0.24
SK Telecom Ord KRW500 67,165 107,703,772 0.31
TAIWAN 台湾 383,324,745 1.11
Novatek Microelectronics Ltd Ord TWD10 6,734,000 383,324,745 1.11
THAILAND 泰国 921,272,000 2.67
Bangkok Bank Pcl NVDR THB10 2,016,000 83,906,790 0.25
Bangkok Bank Pcl Ord Thb10 (Fr) 837,000 34,727,438 0.10
Electricity Generating Pcl Ord NVDR
THB10 3,731,300 318,361,548 0.92
Intouch Holdings Public Company Limited
Ord THB1 13,933,000 207,494,564 0.60
Land & Houses Pcl Ord NVDR THB1 108,573,700 276,781,660 0.80
LISTED INVESTMENT FUNDS
上市投资基金
LUXEMBOURG 卢森堡 684,995,310 1.98
Lyxor China Enterprise HSCEI UCITS ETF
(LU1900069136) 5,189,630 684,995,310 1.98
UNLISTED INVESTMENT FUNDS
非上市投资基金
HONG KONG 香港 1,057,501,931 3.06
Schroder Umbrella Fund II – Schroder
China Asset Income Fund – USD
Class I Acc 10,276,513 1,057,501,931 3.06
LUXEMBOURG 卢森堡 733,652,488 2.12
Schroder International Selection Fund –
Emerging Multi Asset Income – USD
Class I Acc 855,842 733,652,488 2.12
LISTED DEBT SECURITIES
上市债务证券
HONG KONG DOLLAR
港元 9,146,250 0.03
China Evergrande Group (Reg S) 4.25%
Conv 14/02/2023 10,000,000 9,146,250 0.03
施罗德亚洲高息股债基金 21
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES(Continued)
上市债务证券(续)
INDONESIAN RUPIAH
印尼盾 6,608,356 0.02
Jasa Marga (Persero) Ser Regs (Reg) 7.5%
11/12/2020 12,000,000,000 6,608,356 0.02
RENMINBI 人民币 15,988,513 0.04
China Development Bank (Reg 5) 4.3%
02/08/2032 4,000,000 4,761,209 0.01
Petrochina Co Ltd Ser Mtn (Reg) 3.45%
12/05/2021 China Interbank 10,000,000 11,227,304 0.03
UNITED STATES DOLLAR
美元 12,080,364,621 34.95
AAC Technologies Holding (Reg) (Reg S) 3%
27/11/2024 10,935,000 84,370,896 0.24
ABM Investama Tbk Pt Ser Regs (Reg)
7.125% 01/08/2022 9,140,000 59,911,345 0.17
ABQ Finance Ser Emtn (Reg) (Reg S)
3.125% 24/09/2024 2,500,000 19,545,925 0.06
Abu Dhabi Crude Oil (Ser Regs) (Reg)
(Reg S) 4.6% 02/11/2047 5,300,000 47,751,809 0.14
Abu Dhabi Govt Int’L Ser Regs (Reg S)
3.125% 30/09/2049 9,096,000 68,742,990 0.20
Abu Dhabi National Energ Ser Regs (Reg)
(Reg S) 4% 03/10/2049 2,906,000 23,616,279 0.07
AC Energy Fin Intl Ltd (Reg) (Reg S) 5.65%
Perp 11,000,000 87,423,996 0.25
AEGEA Finance Sarl Ser Regs (Reg) 5.75%
10/10/2024 4,299,000 35,590,507 0.10
Aes Gener Sa (Ser Regs) (Reg) (Reg 5) Var
26/03/2079 2,760,000 22,628,228 0.07
African Export-Import Ba Ser Regs (Reg S)
3.994% 21/09/2029 4,800,000 38,021,117 0.11
AIA Group Ltd (Reg 5) 4.875% 11/03/2044 800,000 7,645,938 0.02
AIA Group Ltd (Reg) Ser Reg S 3.9%
06/04/2028 935,000 7,829,402 0.02
AIA Group Ltd (Ser Regs) (Reg S) (Reg)
3.6% 09/04/2029 8,200,000 67,382,327 0.19
AIA Group Ltd Ser Regs (Reg) 4.5%
16/03/2046 5,500,000 49,687,257 0.14
AKCB Finance Ltd (Reg 5) (Reg) 4.75%
09/10/2023 5,030,000 41,954,471 0.12
Al Ahli Bank of Kuwait (Reg S) Var Perp 6,500,000 53,933,418 0.16
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
22 Schroder Asian Asset Income Fund
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Alam Synergy Pte Ltd (Regs) 6.625%
24/04/2022 3,100,000 20,984,291 0.06
Aldar Sukuk Ltd (Reg) (Reg S) 4.75%
29/09/2025 2,222,000 18,703,644 0.05
Aldar Sukuk No 2 Ltd Ser Emtn (Reg)
(Reg S) 3.875% 22/10/2029 4,030,000 32,115,169 0.09
Anton Oilfield Serv Group (Reg) (Reg S)
7.5% 02/12/2022 7,097,000 53,639,452 0.16
Apl Realty Hldg Pte Ltd 5.95% 02/06/2024 5,300,000 34,276,128 0.10
APT Pipelines Ltd Ser Regs 4.2%
23/03/2025 4,000,000 33,091,307 0.10
Asian Infrastructure Inv (Reg) 2.25%
16/05/2024 9,703,000 77,076,787 0.22
Atento Luxco 1 Sa Ser Regs 6.125%
10/08/2022 6,550,000 50,398,336 0.15
Azure Power Energy Ltd Ser Regs (Regs)
5.5% 03/11/2022 4,200,000 33,419,342 0.10
Azure Power Solar Energy Ser Regs (Reg)
(Reg S) 5.65% 24/12/2024 1,918,000 15,237,162 0.04
Bancolombia Sa (Reg) Var 18/12/2029 3,534,000 28,067,243 0.08
Bangkok Bank Pcl/HK Ser Regs (Reg)
(Reg S) Var 25/09/2034 17,000,000 134,979,338 0.39
Bank of China Ltd Ser Regs (Reg) 5%
13/11/2024 2,800,000 23,849,406 0.07
BBVA Banco Continental (Reg 5) (Var)
22/09/2029 5,500,000 46,331,718 0.13
Beijing State-Owned Asset Management
HK (Reg S) 4.125% 26/05/2025 11,000,000 89,995,290 0.26
Bharti Airtel Ltd Ser Regs 4.375%
10/06/2025 4,000,000 31,887,942 0.09
BHP Billiton Fin USA Ltd Ser (Reg 5) Var
19/10/2075 12,800,000 117,438,010 0.34
BOC Aviation Ltd (Reg) (Ser Regs) 3.875%
27/04/2026 14,000,000 113,499,878 0.33
Braskem America Finance Ser Regs (Reg)
7.125% 22/07/2041 1,245,000 11,155,910 0.03
Braskem Finance Ltd Ser Regs (Reg)
(Reg S) 7.375% Perp 971,000 7,669,868 0.02
Braskem Netherlands Ser Regs (Reg)
(Reg S) 4.5% 10/01/2028 3,000,000 23,331,571 0.07
Braskem Netherlands Ser Regs (Reg)
(Reg S) 4.5% 31/01/2030 6,275,000 48,624,435 0.14
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
施罗德亚洲高息股债基金 23
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Braskem Netherlands Ser Regs (Reg)
(Reg S) 5.875% 31/01/2050 3,145,000 24,535,843 0.07
Bright Scholar Education (Reg) (Reg S)
7.45% 31/07/2022 3,868,000 30,967,496 0.09
Burgan Bank (Reg S) Var Perp 7,765,000 61,857,997 0.18
Busan Bank Ser Gmtn (Reg S) (Reg) 3.625%
25/07/2026 2,000,000 15,788,680 0.05
Castle Peak Power Finance Co (Reg) (Reg S)
Ser Emtn 3 25% 25/07/2027 4,200,000 33,348,000 0.10
CCCI Treasure Ltd (Reg S) (Reg) Var Perp 12,000,000 93,984,068 0.27
CCTI 2017 Ltd (Reg) (Reg S) 3.625%
08/08/2022 10,400,000 81,082,531 0.23
CDB Leasing Co Ltd Ser Emtn (Reg S)
4.25% 02/12/2024 18,000,000 148,492,229 0.43
Celestial Dynasty Ltd (Reg S) 4.25%
27/06/2029 8,232,000 64,918,858 0.19
Central Plaza Development Ltd (Reg)
(Reg S) 3.875% 30/01/2021 10,000,000 78,502,385 0.23
CGNPC International Ltd Ser Regs (Reg)
4% 19/05/2025 4,600,000 37,914,322 0.11
Ch Ovs Grand Oce Finance (Reg S) (Reg)
4.875% 01/06/2021 1,845,000 14,765,529 0.04
Chalieco Hong Kong Corp (Reg) Reg S
(Reg S) Frn Perp 900,000 7,012,620 0.02
China Aoyuan Group Ltd (Reg S) (Reg)
7.95% 19/02/2023 6,000,000 49,906,479 0.14
China Aoyuan Group Ltd (Reg S) (Reg)
8.5% 23/01/2022 5,000,000 41,214,921 0.12
China Aoyuan Property Group (Reg)
(Reg S) 6.35% 11/01/2020 3,900,000 30,350,035 0.09
China Aoyuan Property Group (Reg)
(Reg S) 7.95% 07/09/2021 1,481,000 11,988,548 0.03
China Cinda Finance 2015 Ser Regs 4.25%
23/04/2025 2,759,000 22,878,581 0.07
China Cinda Finance 2017 (Reg) (Reg S)
4.1% 09/03/2024 15,000,000 122,641,958 0.35
China Cinda Finance 2017 (Ser Emtn)
(Reg S) (Reg) 4.75% 21/02/2029 1,783,000 15,650,772 0.05
China Cinda Finance 2017 Ser Emtn (Reg)
(Reg S) 3.875% 08/02/2023 4,000,000 32,110,475 0.09
China Clean Energy Develop (Reg S) (Reg)
4% 05/11/2025 7,300,000 60,176,344 0.17
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
24 Schroder Asian Asset Income Fund
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
China Construction Bank (Reg S) (Reg) Var
13/05/2025 14,000,000 109,367,185 0.32
China Construction Bank (Reg) (Reg S) Var
27/02/2029 8,000,000 65,279,077 0.19
China Evergrande Group (Reg S) (Reg)
6.25% 28/06/2021 4,500,000 33,266,116 0.10
China Evergrande Group (Reg) (Reg S)
7.5% 28/06/2023 1,500,000 10,197,518 0.03
China Evergrande Group (Reg) (Reg S)
8.25% 23/03/2022 1,500,000 10,986,438 0.03
China Great Wall International III Ser
Emtn (Reg S) (Reg) 3.875% 31/08/2027 3,600,000 29,199,428 0.08
China Hongqiao Group Ltd (Reg) (Reg S)
7.125% 22/07/2022 7,884,000 54,980,343 0.16
China Hongqiao Group Ltd (Reg) (Reg S)
7.375% 02/05/2023 1,000,000 6,739,907 0.02
China Life Insurance (Reg S) Var 03/07/2075 14,000,000 109,903,339 0.32
China Oil & Gas Group (Reg) (Reg S)
4.625% 20/04/2022 900,000 7,082,746 0.02
China Oil & Gas Group (Reg) (Reg S) 5.5%
25/01/2023 6,607,000 53,089,186 0.15
China Resources Land Ltd (Ser Emtn)
(Reg S) (Reg) 4.125% 26/02/2029 1,918,000 16,085,623 0.05
China Resources Land Ltd Ser Emtn (Reg)
(Reg S) Var Perp 5,232,000 40,970,531 0.12
China SCE GROUP Hldgs Ltd (Reg) (Reg S)
7.25% 19/04/2023 7,000,000 56,178,878 0.16
China SCE Property Holdings (Reg S) (Reg)
7.45% 17/04/2021 3,000,000 23,901,347 0.07
China State Con Fin III (Reg) (Reg S) Var Perp 1,943,000 15,234,089 0.04
Cindai Capital Ltd (Reg) (Reg S) Conv 0%
08/02/2023 6,000,000 47,465,783 0.14
CITIC Ltd Ser Emtn (Reg S) (Reg) 3.7%
14/06/2026 7,500,000 60,206,265 0.17
CK Hutchison International 17 Ltd Ser
Regs (Reg) 3.5% 05/04/2027 15,000,000 121,369,752 0.35
CMT MTN Pte Ltd (Ser Emtn) (Reg S) (Br)
3.609% 04/04/2029 6,000,000 48,662,206 0.14
CNAC HK Finbridge Co Ltd (Reg S) (Reg)
3.875% 19/06/2029 15,000,000 121,075,806 0.35
CNAC HK Finbridge Co Ltd (Reg S) (Reg)
4.75% 19/06/2049 6,542,000 57,660,719 0.17
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
施罗德亚洲高息股债基金 25
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
CNOOC Curtis Funding No.1 Pty Ltd
(Reg S) 4.5% 03/10/2023 3,500,000 29,336,446 0.08
CNOOC Finance 2011 Ltd (Reg S) (Reg)
5.75% 26/01/2041 5,000,000 51,672,491 0.15
CNOOC Finance 2013 Ltd 2.875%
30/09/2029 2,375,000 18,521,930 0.05
CNOOC Finance 2013 Ltd 3.3% 30/09/2049 2,775,000 20,542,484 0.06
CNOOC Finance 2014 Ulc (Reg) 4.875%
30/04/2044 4,000,000 38,239,474 0.11
CNOOC Finance 2015 Ltd (Reg) 3.5%
05/05/2025 12,000,000 97,865,460 0.28
Codelco Inc (Reg S) 4.875% 04/11/2044 3,400,000 30,305,263 0.09
Colombia Telecomunicaciones Ser Regs
(Reg) Var Perp 4,500,000 35,632,875 0.10
Compania Minera Milpo Ser (Reg S) (Reg)
4.625% 28/03/2023 2,000,000 16,284,862 0.05
COSCO Pacific Finance Co (Reg S) 4.375%
31/01/2023 8,000,000 63,641,552 0.18
Country Garden Holdings Company
(Reg S) (Reg) 7.5% 09/03/2020 15,000,000 117,315,289 0.34
CRCC Chengan Ltd (Reg) (Reg S) Var Perp 4,800,000 37,985,025 0.11
Cydsa Sab De Cv Ser /12/ (Reg) (Reg S)
6.25% 04/10/2027 2,483,000 19,896,302 0.06
DP World Crescent Ltd Ser Emtn (Reg S)
3.875% 18/07/2029 3,200,000 25,651,478 0.07
DP World Crescent Ltd Ser Regs (Reg S)
4.7% 30/09/2049 5,200,000 40,715,936 0.12
DP World Ltd Ser Regs 5.625% 25/09/2048 4,614,000 41,543,798 0.12
EHI Car Services Ltd (Reg) 5.875%
14/08/2022 4,000,000 26,998,587 0.08
Emaar Sukuk Ltd 3.635% 15/09/2026 4,005,000 31,200,854 0.09
Emaar Sukuk Ltd Ser Emtn (Reg) (Reg S)
3.875% 17/09/2029 4,202,000 32,577,110 0.09
Emirates NBD 2014 Tier 1 (Reg S) (Reg) Var
Perp 8,400,000 66,639,712 0.19
Empresa De Transporte Me (Reg S) (Reg)
Ser Regs 5% 25/01/2047 1,832,000 16,228,910 0.05
Equate Petrochemical Bv Ser Regs (Reg)
(Regs) 4.25% 03/11/2026 2,905,000 24,273,740 0.07
Esic Sukuk Ltd Ser Emtn (Reg S) 3.939%
30/07/2024 6,916,000 53,796,210 0.16
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
26 Schroder Asian Asset Income Fund
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Formosa Group Cayman Ltd (Reg S) (Reg)
3.375% 22/04/2025 16,300,000 130,975,288 0.38
FUFENG Group Ltd (Reg S) (Reg) 5.875%
28/08/2021 5,800,000 46,929,863 0.14
GCL New Energy Holdings (Reg S) (Reg)
7.1% 30/01/2021 2,500,000 13,879,144 0.04
Gemdale Ever Prosperity (Reg S) (Re G) 6%
06/09/2021 11,257,000 89,795,460 0.26
GNL Quintero (Reg S) (Reg) 4.634%
31/07/2029 3,900,000 32,313,967 0.09
Golden Eagle Retail Group Ser Regs
4.625% 21/05/2023 1,200,000 9,186,532 0.03
Greenko Mauritius Ltd Ser Regs (Reg)
(Reg S) 6.25% 21/02/2023 7,500,000 60,337,751 0.17
Greenko Solar Mauritius Ser Regs (Reg)
(Reg S) 5.55% 29/01/2025 5,406,000 42,964,920 0.12
Grupo Bimbo Sab De Cv Ser Regs (Reg)
(Reg S) 4% 06/09/2049 4,900,000 36,118,320 0.10
Gusap III Lp Ser Regs (Reg) (Reg S) 4.25%
21/01/2030 5,910,000 47,060,164 0.14
Haitong Intl Securities (Reg) (Reg S)
3.125% 18/05/2025 4,590,000 35,457,325 0.10
Hana Bank Ser Regs 4.375% 30/09/2024 10,500,000 86,916,756 0.25
Health And Happiness H&H (Reg) (Reg S)
5.625% 24/10/2024 4,168,000 33,612,890 0.10
Hidrovias International Finance SARL Ser
(Regs) (Reg) 5.95% 24/01/2025 4,000,000 32,452,847 0.09
Hilong Holding Ltd (Reg) (Reg S) 8.25%
26/09/2022 10,857,000 85,758,762 0.25
HKT Capital No 4 Ltd (Reg S) (Reg) 3%
14/07/2026 4,000,000 30,807,531 0.09
HLP Finance Ltd Ser Emtn (Reg) 4.75%
25/06/2022 9,000,000 73,069,046 0.21
Huarong Finance 2017 Co (Reg) (Reg S)
Frn 27/04/2022 12,800,000 101,162,248 0.29
Huarong Finance 2017 Co Ser (Emtn)
(Reg S) (Reg) Frn 07/11/2022 7,000,000 54,367,791 0.16
Huarong Finance 2019 Ser Emtn (Reg S)
3.875% 13/11/2029 3,042,000 23,988,984 0.07
Huarong Finance 2019 Ser Emtn (Regs)
4.5% 29/05/2029 10,000,000 82,214,009 0.24
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
施罗德亚洲高息股债基金 27
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Hutchison Whampoa International 14 Ltd
Ser Regs (Br) 3.625% 31/10/2024 10,000,000 81,454,308 0.24
Hyundai Capital America Ser Regs (Reg S)
3.5% 02/11/2026 5,039,000 39,867,744 0.12
ICTSI Treasury Ser Emtn (Reg S) (Reg)
5.875% 17/09/2025 8,000,000 68,915,043 0.20
Indian Oil Corp Ltd (Reg S) (Reg) 4 .75%
16/01/2024 14,000,000 115,623,767 0.33
Indonesia (Rep Of) (Reg) 3.4% 18/09/2029 8,000,000 64,873,935 0.19
Indonesia (Republic of) (Reg S) 4.75%
08/01/2026 7,000,000 60,688,187 0.18
Indonesia (Republic of) (Reg) 3.5%
11/01/2028 3,000,000 24,399,628 0.07
Indonesia (Republic of) (Reg) 5.35%
11/02/2049 12,500,000 126,052,721 0.36
Indonesia (Republic of) (Ser Regs) (Reg S)
Reg) 4.45% 20/02/2029 5,000,000 42,806,201 0.12
Inkia Energy Ltd Ser Regs (Reg) 5.875%
09/11/2027 3,354,000 27,440,382 0.08
Joyous Glory Group (Reg) (Reg S) Gmtn
5.7% 07/03/2020 15,300,000 118,916,504 0.34
KEB Hana Bank (Reg S) (Reg) 4.25%
14/10/2024 16,000,000 131,631,553 0.38
Kenbourne Invest Sa Ser Regs (Reg)
(Reg S) 6.875% 26/11/2024 3,850,000 31,348,359 0.09
Kuwait Projects Co Spc L (Reg) (Reg S)
4.229% 29/10/2026 5,100,000 41,486,660 0.12
Li & Fung Ltd Ser Emtn (Reg) (Reg S)
4.375% 04/10/2024 4,000,000 31,323,192 0.09
LLPL Capital Pte Ltd (Ser Regs) (Re G)
(Reg S) 6.875% 04/02/2039 3,989,000 35,897,839 0.10
Logan Property Holdings (Reg S) 6.375%
07/03/2021 3,750,000 29,803,635 0.09
Longfor Holdings Ltd (Reg) (Reg S) 3.95%
16/09/2029 4,980,000 38,948,676 0.11
Longfor Properties (Reg) (Reg S) 3.875%
13/07/2022 8,000,000 63,787,727 0.18
MAF Global Sec Var Perp 4,600,000 36,693,534 0.11
MAF Global Secs Ltd (Ser Regs) (Reg)
4.75% 07/05/2024 4,700,000 39,230,739 0.11
Mdgh – Gmtn Bv Ser Regs (Reg S) 3.7%
07/11/2049 6,036,000 48,643,373 0.14
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
28 Schroder Asian Asset Income Fund
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Mdgh – Gmtn Bv Ser Regs (Reg) (Reg S)
2.5% 07/11/2024 3,770,000 29,473,404 0.09
Medco Oak Tree Pte Ltd (Ser Regs) (Reg S)
Reg) 7.375% 14/05/2026 4,023,000 32,208,438 0.09
Medco Straits Services Ptd Ltd Regs (Reg)
8.5% 17/08/2022 4,000,000 33,232,027 0.10
Melco Resorts Finance Ser Regs (Reg)
(Reg S) 5.375% 04/12/2029 6,008,000 48,393,078 0.14
Metropolitan Light Co Ser Regs (Reg) 5.5%
21/11/2022 (Formerly known as WTT
Investment Ltd Ser Regs (Reg) 5.5%
21/11/2022) 10,789,000 87,000,339 0.25
Millicom Intl Cellular Ser Regs (Reg)
6.625% 15/10/2026 7,494,000 64,831,483 0.19
Minejesa Capital Bv Ser Regs (Regs)
4.625% 10/08/2030 4,000,000 32,327,399 0.09
Minmetals Bounteous Finance BVI Ltd
(Reg S) (Reg) 4.75% 30/07/2025 3,200,000 27,118,207 0.08
Minmetals Bounteous Finance BVI Ltd Ser
Regs (Reg) 4.2% 27/07/2026 10,000,000 81,662,739 0.24
Modernland Overseas Pte (Reg S) 6.95%
13/04/2024 5,500,000 38,799,327 0.11
Mong Duong Fin Hldgs Bv Ser Regs (Reg)
(Reg S) 5.125% 07/05/2029 3,000,000 24,076,662 0.07
Mumtalakat Sukuk Holding Ser (Reg)
(Regs) 4% 25/11/2021 5,000,000 39,151,652 0.11
NagaCorp Ltd Ser Regs 9.375%
21/05/2021 3,200,000 26,523,287 0.08
Nbk Tier 1 Financing 2 Ser Regs (Reg S)
Var Perp 5,953,000 46,376,932 0.13
Newcrest Finance Pty Ltd Ser Regs
(Reg (Reg) 5.75% 15/11/2041 4,863,000 44,254,533 0.13
NTPC Ltd (Ser Emtn) (Reg S) 3.75%
03/04/2024 2,590,000 20,734,219 0.06
Oil India International (Reg S) (Reg) 4%
21/04/2027 4,000,000 31,905,551 0.09
Oil India Ltd (Reg S) (Reg) 5.125%
04/02/2029 4,670,000 40,454,760 0.12
Oil India Ltd (Reg S) (Reg) 5.375%
17/04/2024 7,000,000 59,153,631 0.17
Oversea-Chinese Banking Corp Ser (Regs)
4.25% 19/06/2024 12,000,000 99,625,487 0.29
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
施罗德亚洲高息股债基金 29
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Overseas Chinese Town As (Reg) (Reg S)
Var Perp 9,000,000 70,476,130 0.20
PB International BV (Reg) (Reg S) 7.625%
26/01/2022 2,791,000 22,324,512 0.06
PCCW HKT Capital No4 Ltd (Reg S) 5.75%
17/04/2022 1,500,000 12,424,960 0.04
Pertamina Persero 6.45% (Reg S)
30/05/2044 5,000,000 50,208,411 0.15
Perusahaan Gas Negara Reg S 5.125%
16/05/2024 11,000,000 92,941,564 0.27
Perusahaan Listrik Negar Ser Regs (Reg S)
4.375% 05/02/2050 7,433,000 58,929,987 0.17
Perusahaan Listrik Negar Ser Regs (Reg)
(Reg S) 4.875% 17/07/2049 2,028,000 17,184,425 0.05
Perusahaan Penerbit SBSN (Reg S) (Ser
Regs) 4.55% 29/03/2026 1,538,000 13,154,065 0.04
Perusahaan Penerbit SBSN Ser (Reg S)
(Reg) 4.15% 29/03/2027 8,000,000 67,165,316 0.19
Petrobras Global Finance (Reg) 6.9%
19/03/2049 4,350,000 39,962,822 0.12
Petroleos Del Peru Sa Ser Regs (Reg)
(Reg S) 4.75% 19/06/2032 4,300,000 36,716,220 0.11
Philippines (Rep of) (Reg) 3.75%
14/01/2029 5,909,000 50,886,880 0.15
Poseidon Finance 1 Ltd (Reg) (Reg S) Conv
0% 01/02/2025 6,000,000 48,357,859 0.14
Powerlong Real Estate (Reg S) 5.95%
19/07/2020 7,222,000 56,339,344 0.16
Powerlong Real Estate (Reg) (Reg S)
7.125% 08/11/2022 3,134,000 24,846,842 0.07
Press Metal Labuan Ltd (Reg S) 4.8%
30/10/2022 4,500,000 34,626,038 0.10
PSA Treasury Pte Ltd Ser Gmtn (Reg)
(Reg S) 2.125% 05/09/2029 4,699,000 35,464,182 0.10
PT Pertamina (Persero) Ser Regs (Reg S)
4.7% 30/07/2049 4,800,000 39,995,291 0.12
PT Pertamina (Persero) Ser Regs (Reg)
(Reg S) 3.65% 30/07/2029 1,716,000 14,067,711 0.04
Reliance Holdings Usa Inc Ser Regs
6.25Pct 19/10/2040 1,800,000 19,131,129 0.06
Reliance Industries Ltd (Reg S) 4.875%
10/02/2045 7,000,000 63,593,126 0.18
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
30 Schroder Asian Asset Income Fund
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Reliance Industries Ltd Ser Regs (Reg)
(Reg S) 3.667% 30/11/2027 8,500,000 68,586,774 0.20
Renew Power Ltd Ser Regs (Reg) (Reg S)
6.45% 27/09/2022 10,000,000 80,721,295 0.23
Renew Power Synthetic (Ser Regs) (Reg S)
(Reg) 6.67% 12/03/2024 9,000,000 73,281,879 0.21
Republic of Indonesia (Reg) (Reg S) 3.85%
18/07/2027 3,000,000 24,934,890 0.07
Republic of Indonesia (Reg) 4.1%
24/04/2028 2,000,000 16,958,603 0.05
Republic of Indonesia Ser Regs (Reg)
4.35% 08/01/2027 5,000,000 42,626,600 0.12
Republic of Philippines (Reg) 3%
01/02/2028 17,000,000 137,826,115 0.40
Ronshine China (Reg S) (Reg) 10.5%
01/03/2022 4,586,000 38,279,185 0.11
Ronshine China (Reg S) (Reg) 11.25%
22/08/2021 1,555,000 12,934,096 0.04
Ronshine China (Reg S) (Reg) 8.75%
25/10/2022 2,000,000 16,245,903 0.05
Ronshine China (Reg) (Reg S) 8.95%
22/01/2023 7,600,000 62,178,564 0.18
Royal Capital BV Var Regs (Reg) Var Perp 12,800,000 102,511,664 0.30
Samba Funding Ltd (Reg) (Reg S) 2.75%
02/10/2024 5,483,000 42,446,239 0.12
Sands China Ltd (Reg) 5.4% 08/08/2028 17,180,000 151,014,337 0.44
Santos Finance Ltd Ser Emtn (Reg S) (Br)
4.125% 14/09/2027 12,736,000 101,469,183 0.29
SD International Sukuk (Ser Emtn) (Reg S)
(Reg) 6.3% 09/05/2022 6,000,000 47,568,939 0.14
Senaat Sukuk Limited (Reg S) 4.76%
05/12/2025 1,300,000 11,017,531 0.03
Shanghai Elc Group Glb Inv (Reg) (Reg S)
2.65% 21/11/2024 3,025,000 23,659,997 0.07
Shanghai Port Group BVI (Reg) (Reg S)
Conv 0% 09/08/2022 5,000,000 40,751,114 0.12
Shanghai Port Group BVI Development Co
Ltd (Reg S) (Reg) 3.375% 18/06/2029 561,000 4,455,717 0.01
Shanghai Port Group Dev Co (Reg) (Reg S)
2.85% 11/09/2029 5,000,000 37,997,881 0.11
Shimao Property Hldgs (Reg) (Reg S) 5.6%
15/07/2026 4,898,000 40,024,743 0.12
施罗德亚洲高息股债基金 31
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Shimao Property Holdings (Reg S) (Reg)
6.375% 15/10/2021 8,800,000 71,996,232 0.21
Shinhan Bank (Reg S) 3.875% 24/03/2026 16,000,000 129,488,496 0.37
Shinhan Bank (Ser Regs) (Reg S) (Re G) 4%
23/04/2029 2,324,000 19,027,077 0.06
Shinhan Financial Group Ser Regs (Reg)
(Reg S) Var 05/02/2030 4,167,000 32,959,175 0.10
Shinsegae Co Ltd (Reg S) Var 08/05/2045 2,800,000 21,883,364 0.06
Siam Commercial Bank Cay (Ser Gmtn)
(Reg S) (Reg) 4.4% 11/02/2029 9,000,000 77,489,451 0.22
SIHC International Capital (Reg) (Reg S)
4.35% 26/09/2023 2,000,000 16,311,198 0.05
Sinochem Offshore Capital (Reg S) (Reg)
Ser Emtn 3.124% 24/05/2022 1,500,000 11,832,628 0.03
Sinopec Capital 2013 (Reg S) 3.125%
24/04/2023 2,600,000 20,632,017 0.06
Sinopec Group Overseas 2012 (Reg S)
(Reg) 3.9% 17/05/2022 8,000,000 64,674,091 0.19
Sinopec Group Overseas 2013 (Reg S)
4.375% 17/10/2023 5,000,000 41,754,484 0.12
Sinopec Group Overseas 2014 Ser Regs
4.375% 10/04/2024 3,000,000 25,201,989 0.07
Sinopec Group Overseas Development
2016 Ltd Ser Regs (Reg) 4.25%
03/05/2046 4,000,000 35,056,711 0.10
Sinopec Group Overseas Development
Regs (Reg) 4% 13/09/2047 2,000,000 16,906,258 0.05
Sinopec Group Dev 2018 Ser Regs (Reg S)
3.44% 12/11/2049 5,677,000 43,512,171 0.13
SMC Global Power Holdings (Reg S) Var
Perp 5,837,000 47,641,072 0.14
Spic Lux Latam Re Ener (Reg S) 4.65%
30/10/2023 2,900,000 23,856,750 0.07
Sri Rejeki Isman Tbk Pt Ser Regs (Reg)
(Reg S) 7.25% 16/01/2025 7,672,000 62,244,561 0.18
State Grid Overseas Investment (Reg S)
4.125% 07/05/2024 4,000,000 33,350,681 0.10
Sukuk Ltd (Reg S) (Reg) 4.638%
14/05/2029 5,000,000 42,028,774 0.12
Sun Hung Kai Prop (Cap) (Ser Emtn)
(Reg (Reg) 3.75% 25/02/2029 2,000,000 16,426,205 0.05
Sunac China Holdings Ltd (Reg) (Reg S)
7.35% 19/07/2021 3,000,000 23,930,566 0.07
32 Schroder Asian Asset Income Fund
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Sunac China Holdings Ltd (Reg) (Reg S)
7.5% 01/02/2024 2,230,000 17,983,864 0.05
Swire Properties Mtn Fin Ser Emtn
(Reg (Reg) 3.625% 13/01/2026 5,000,000 40,298,605 0.12
Three Gorges Fin I Ky (Reg S) 3.2%
16/10/2049 9,500,000 71,139,679 0.21
Times China Holdings Ltd (Reg S) (Reg)
7.625% 21/02/2022 4,500,000 36,509,453 0.11
Times China Holdings Ltd (Reg S) 6.25%
23/01/2020 2,900,000 22,597,463 0.07
Times China Holdings Ltd (Reg) (Reg S)
6.25% 17/01/2021 4,200,000 33,175,536 0.10
Towngas Finance Ltd (Reg) (Reg S) Var
Perp 9,200,000 74,935,813 0.22
Trust F/1401 (Ser Regs) (Reg S) (Re G)
4.869% 15/01/2030 4,235,000 34,881,518 0.10
Trust F/1401 (Ser Regs) (Reg S) (Re G)
6.39% 15/01/2050 5,510,000 46,472,801 0.13
Tsinghua Unic Ltd (Reg) (Reg S) 4.75%
31/01/2021 7,066,000 47,211,256 0.14
Unigel Luxembourg Sa Ser Regs (Reg S)
8.75% 01/10/2026 1,186,000 9,410,140 0.03
Vanke Real Estate HK (Reg S) (Reg) Ser
Emtn Frn 25/05/2023 9,303,000 73,188,066 0.21
Vanke Real Estate HK Ser (Emtn) (Reg)
(Reg S) 3.975% 09/11/2027 6,800,000 54,778,021 0.16
Vanke Real Estate HK Ser Emtn (Reg)
(Reg S) 5.35% 11/03/2024 2,205,000 18,694,988 0.05
VM Holding SA (Reg S) Ser Regs 5.375%
04/05/2027 8,000,000 66,783,518 0.19
Weichai International HK Energy (Reg S)
(Reg) Var Perp 7,000,000 54,857,311 0.16
Woodside Finance Ltd (Reg S) (Reg)
15/09/2026 3,000,000 24,336,363 0.07
Woodside Finance Ltd Ser Regs 3.7%
15/03/2028 5,000,000 40,332,889 0.12
Yuzhou Properties Co Ltd (Reg) (Reg S)
6.375% 06/03/2021 5,000,000 39,397,289 0.11
Yuzhou Properties Co Ltd (Reg) (Reg S)
8.3% 27/05/2025 3,246,000 26,050,948 0.08
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
施罗德亚洲高息股债基金 33
Currency
货币
Investments
投资项目
Holdings
份额数目
Fair value
公允值
HK$ 港元
% of
net asset value
占净资产百分比
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Yuzhou Properties Co Ltd (Reg) (Reg S)
8.375% 30/10/2024 674,000 5,487,999 0.02
Zhenro Properties Group (Reg S) (Re G)
8.65% 21/01/2023 5,714,000 45,175,043 0.13
Zhenro Properties Group (Reg S) (Reg)
10.5% 28/06/2020 790,000 6,279,371 0.02
Zhenro Properties Group (Reg) (Reg S)
12.5% 02/01/2021 925,000 7,675,897 0.02
Zoomlion HK Spv Co Ltd Ser Regs 6.125%
20/12/2022 3,000,000 24,047,443 0.07
UNLISTED DEBT SECURITIES
非上市债务证券
UNITED STATES DOLLAR
美元 297,586,507 0.86
Arabian Centres Sukuk Ser Regs (Reg S)
5.375% 26/11/2024 2,034,000 16,357,576 0.05
Celulosa Arauco Constitu Ser Regs (Reg)
(Reg S) 4.2% 29/01/2030 1,560,000 12,252,954 0.03
Celulosa Arauco Constitu Ser Regs (Reg)
(Reg S) 5.15% 29/01/2050 3,285,000 25,291,700 0.07
Grupo Bimbo Sab De Cv Ser Regs (Reg)
Var Perp 1,500,000 12,480,711 0.04
Mitsui Fudosan Co Ltd (Ser Regs) (Reg S)
(Reg) 3.95% 24/01/2029 1,750,000 14,908,715 0.04
Prumo Participacoes E In Ser 144A (Reg)
7.5% 31/12/2031 3,519,000 28,516,118 0.08
Prumo Participacoes E In Ser Regs (Reg)
(Reg S) 7.5% 31/12/2031 1,589,000 12,876,417 0.04
US Treasury Bill 0% 27/02/2020 22,500,000 174,902,316 0.51
TOTAL INVESTMENTS AT FAIR VALUE
投资总市值 32,992,764,680 95.45
OTHER NET ASSETS
其他净资产 1,571,497,530 4.55
NET ASSETS ATTRIBUTABLE TO UNITHOLDERS AS AT 31ST DECEMBER 2019
截至二零一九年十二月三十一日净资产 34,564,262,210 100.00
TOTAL INVESTMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS AT COST
投资及衍生金融工具以成本计 30,921,143,232
Note: Investments are accounted for on a trade date basis.
注:投资乃以交易日为基准。
Investment Portfolio (Unaudited) (Continued)
基金投资组合(未经审核)(续)
As at 31st December 2019
截至二零一九年十二月三十一日
34 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Unaudited)
投资组合变动(未经审核)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Country/Territory
国家╱地区
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED EQUITIES
上市股票
AUSTRALIA 澳大利亚
Shopping Centres Australasia Property Group REIT
Npv (AU000000SCP9) 4,980,936 – –
Westpac Banking Corp Ltd Ord Npv 72,042 – –
HONG KONG 香港
BOC Hong Kong (Holdings) Ltd Ord HKDS – (1,267,500) –
China Yangtze Power Co Ltd Ord CNY1 – (7,137,093) –
CNOOC Ltd 6,007,000 – –
HK Electric Investments SS Ord HKD0.0005 4,647,500 – –
HSBC Holdings Plc Ord USD0.5 (HKSE) – (302,400) –
Industrial and Commercial Bank of China H Shs Ord
CNY1 – (16,101,000) –
Link REIT – (1,786,000) –
Power Assets Holdings Ltd Ord Npv 2,915,000 – –
Sands China Ltd Ord USD0.01 – (2,066,800) –
Sun Hung Kai Properties Ltd Ord Npv – (1,082,000) –
INDIA 印度
Embassy Office Parks REIT Npv 1,884,200 (1,499,200) –
India Grid Trust Ord INR Npv 19,784,331 (19,784,331) –
IRB InvIT Fund Ord Npv 12,625,000 (12,625,000) –
Ntpc Ltd 3,890,798 (3,890,798) –
Ntpc Ltd Ord Inr10.000000000 16,140,812 – –
Power Grid Corp Of India Ltd 4,738,727 (4,738,727) –
Power Grid Corp of India Ltd Ord INR10 (Demat) 18,175,899 (3,443,439) –
SINGAPORE 新加坡
Ascendas Real Estate Investment Trust Npv 5,879,328 – –
Ascendas Real Estate Np Rts (Nov2019) 5,879,328 (5,879,328) –
CapitaCommercial Trust Ord Npv – (1,395,200) –
Frasers Centrepoint Trust Ord Npv (REIT) 2,345,500 – –
Mapletree Commercial Tr Np Rts (Nov2019) 4,686,295 (4,686,295) –
Mapletree Commercial Trust Ord Npv (REIT) 4,686,295 (2,633,500) –
Mapletree Logistics Trust Ord Npv 16,128,700 (14,560,900) –
Mapletree North Asia Commercial Trust REIT 94,893,400 (94,893,400) –
Oversea-Chinese Banking Corp Ord Npv 44,318 – –
Singapore Telecommunications Ltd Ord Npv 11,747,500 – –
Soilbuild Business Space REIT Npv 31,976,230 (31,976,230) –
Suntec REIT 29,350,200 (29,350,200) –
United Overseas Bank Ltd 1,013,900 – –
施罗德亚洲高息股债基金 35
Holdings
份额数目
Country/Territory
国家╱地区
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED EQUITIES (Continued)
上市股票(续)
SOUTH KOREA 南韩
Hana Financial Holdings Ord Npv 147,189 – –
ING Life Insurance Korea Ltd Ord KOW1000 – (95,850) –
Lotte Reit Co Ltd Ord Npv 1,949,489 – –
SK Telecom Ord KRW500 – (21,069) –
THAILAND 泰国
Bangkok Bank Pcl Ord Thb10 (Fr) 837,000 – –
Electricity Generating Pcl Ord NVDR THB10 – (1,971,300) –
UNLISTED INVESTMENT FUNDS
非上市投资基金
HONG KONG 香港
Schroder Umbrella Fund II – Schroder China Asset
Income Fund – USD Class I Acc – (489,390) –
LUXEMBOURG 卢森堡
Schroder International Selection Fund – Emerging
Multi Asset Income – USD Class I Acc 15,053 (37,733) –
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
36 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES
上市债务证券
HONG KONG DOLLAR
港元
China Evergrande Group (Reg S) 4.25% Conv
14/02/2023 10,000,000 – –
INDIAN RUPEE
印度卢比
India Government Bond 6.79% 15/05/2027 – (80,000,000) –
INDONESIAN RUPIAH
印尼盾
European Bank for Reconstruction and
Development Ser Emtn (Reg) 6.45% 13/12/2022 – (50,000,000,000) –
Indonesia Government Ser (Fr79) 8.375%
15/04/2039 99,587,000,000 (339,282,000,000) –
Inter-American Development Bank (Reg) Ser GDP
7.875% 14/03/2023 – (40,000,000,000) –
PHILIPPINE PESO
菲律宾披索
Philippines (Republic of) (Reg) 3.9% 26/11/2022 – (44,000,000) –
RENMINBI 人民币
Bank of China Ltd (Reg S) (Reg) Var Perp – (60,000,000) –
UNITED STATES DOLLAR
美元
21Vianet Group Inc (Reg S) 7.875% 15/10/2021 – (7,350,000) –
AAC Technologies Holding (Reg) (Reg S) 3%
27/11/2024 10,935,000 – –
ABM Investama Tbk Pt Ser Regs (Reg) 7.125%
01/08/2022 – (210,000) –
ABQ Finance Ser Emtn (Reg) (Reg S) 3.125%
24/09/2024 6,419,000 (3,919,000) –
Abu Dhabi Govt Int’L Ser Regs (Reg S) 3.125%
30/09/2049 9,096,000 – –
Abu Dhabi National Energ Ser Regs (Reg) (Reg S) 4%
03/10/2049 2,906,000 – –
AC Energy Fin Intl Ltd (Reg) (Reg S) 5.65% Perp 12,223,000 (1,223,000) –
Aes Gener Sa (Ser Regs) (Reg) (Reg 5) Var 26/03/2079 – (2,740,000) –
African Export-Import Ba Ser Regs (Reg S) 3.994%
21/09/2029 4,800,000 – –
AIA Group Ltd Ser Regs (Reg) 4.5% 16/03/2046 1,000,000 – –
Alam Synergy Pte Ltd (Reg S) 11.5% 22/04/2021 – (2,837,000) –
Alam Synergy Pte Ltd (Regs) 6.625% 24/04/2022 – (1,500,000) –
施罗德亚洲高息股债基金 37
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Aldar Sukuk Ltd (Reg) (Reg S) 4.75% 29/09/2025 2,222,000 – –
Aldar Sukuk No 2 Ltd Ser Emtn (Reg) (Reg S) 3.875%
22/10/2029 4,030,000 – –
Alibaba Group Holding Ltd (Reg) 3.6% 28/11/2024 – (16,000,000) –
Anton Oilfield Serv Group (Reg) (Reg S) 7.5%
02/12/2022 7,097,000 – –
Apl Realty Hldg Pte Ltd 5.95% 02/06/2024 5,300,000 – –
Atento Luxco 1 Sa Ser Regs 6.125% 10/08/2022 6,550,000 – –
Azure Power Energy Ltd Ser Regs (Regs) 5.5%
03/11/2022 4,200,000 – –
Azure Power Solar Energy Ser Regs (Reg) (Reg S)
5.65% 24/12/2024 1,918,000 – –
Bahrain (Kingdom Of) Ser Regs 6% 19/09/2044 2,000,000 (2,000,000) –
Banco Mercantil De Norte (Ser Regs) (Reg) (Reg S)
Var Perp (USP1400MAA64) – (2,266,000) –
Banco Mercantil De Norte (Ser Regs) (Reg) (Reg S)
Var Perp (USP1400MAB48) – (1,413,000) –
Banco Nacional Corn Ext (Ser Regs) (Reg S) 4.375%
14/10/2025 – (4,400,000) –
Bancolombia Sa (Reg) Var 18/12/2029 3,534,000 – –
Bangkok Bank Pcl/HK Ser Regs (Reg) (Reg S) Var
25/09/2034 19,000,000 (2,000,000) –
Bank of China Hong Kong Ser Regs (Reg) Var Perp – (7,990,000) –
BBVA Bancomer/Inst Banca (Reg S) (Reg) 6.5%
10/03/2021 – (4,000,000) –
Bharat Petroleum Corp (Ser Emtn) (Reg 5) 4.375%
24/01/2022 – (3,422,000) –
Bharti Airtel Ltd Ser Regs 4.375% 10/06/2025 4,000,000 – –
Bluestar Fin Holdings (Reg) (Reg S) 3.375%
16/07/2024 10,500,000 (10,500,000) –
Bluestar Fin Holdings (Reg) (Reg S) Var Perp 1,200,000 (1,200,000) –
Braskem America Finance Ser Regs (Reg) 7.125%
22/07/2041 1,245,000 – –
Braskem Finance Ltd Ser Regs (Reg) (Reg S) 7.375%
Perp 5,526,000 (4,555,000) –
Braskem Netherlands Ser Regs (Reg) (Reg S) 4.5%
10/01/2028 3,000,000 – –
Braskem Netherlands Ser Regs (Reg) (Reg S) 4.5%
31/01/2030 6,275,000 – –
Braskem Netherlands Ser Regs (Reg) (Reg S) 5.875%
31/01/2050 4,970,000 (1,825,000) –
38 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Bright Scholar Education (Reg) (Reg S) 7.45%
31/07/2022 3,868,000 – –
Burgan Bank (Reg S) Var Perp 7,765,000 – –
Burgan Tier 1 Financing (Reg S) (Reg) Var Perp – (5,300,000) –
CCCI Treasure Ltd (Reg S) (Reg) Var Perp 3,000,000 – –
Celestial Dynasty Ltd (Reg S) 4.25% 27/06/2029 – (1,391,000) –
Chalieco Hong Kong Corp (Reg) (Reg S) Var Perp 2,105,000 (2,105,000) –
China Cinda Finance 2015 Ser Regs 4.25%
23/04/2025 2,759,000 – –
China Cinda Finance 2017 Ser Emtn (Reg) (Reg S)
4.375% 08/02/2025 – (252,000) –
China Evergrande Group (Reg) (Reg S) 7.5%
28/06/2023 1,500,000 – –
China Evergrande Group (Reg) (Reg S) 8.25%
23/03/2022 1,500,000 – –
China Hongqiao Group Ltd (Reg) (Reg S) 7.125%
22/07/2022 7,884,000 – –
China Hongqiao Group Ltd (Reg) (Reg S) 7.375%
02/05/2023 1,000,000 – –
China Mengniu Dairy (Reg S) (Reg) 4.25%
07/08/2023 – (1,544,000) –
China Minmetals Corp (Reg S) (Reg) Var Perpetual – (7,000,000) –
China Oil & Gas Group Ltd (Reg S) 5% 07/05/2020 – (5,000,000) –
China Oil & Gas Group (Reg) (Reg S) 5.5%
25/01/2023 6,607,000 – –
China Overseas Finance Ky III (Regs) (Reg) 5.375%
29/10/2023 – (2,000,000) –
China Resources Land (Ser Emtn) (Reg S) (Reg) 3.75%
26/08/2024 – (1,289,000) –
China Resources Land Ltd Ser Emtn (Reg) (Reg S) Var
Perp 5,232,000 – –
China SCE Group Holdings (Reg) (Reg S) 10%
02/07/2020 – (2,000,000) –
China SCE Group Hldgs Ltd (Reg) (Reg S) 7.25%
19/04/2023 7,000,000 – –
China State Con Fin III (Reg) (Reg S) Var Perp 1,943,000 – –
China Taiping Insurance Holdings Co Ltd (Reg S)
(Reg) Var Perp – (3,000,000) –
Chinalco Capital Holding (Reg) (Reg S) Var Perp 1,040,000 (1,040,000) –
CIFI Holdings Group (Reg S) (Reg) 7.625%
02/03/2021 – (4,000,000) –
施罗德亚洲高息股债基金 39
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
CIFI Holdings Group (Reg S) (Reg) 7.75% 05/06/2020 – (2,000,000) –
CIFI Holdings Group (Reg S) 5.5% 23/01/2022 – (3,000,000) –
CIFI Holdings Group (Reg S) Var Perp – (10,000,000) –
CK Hutchison Capital 17 (Reg) (Reg S) Var Perp – (800,000) –
CK Hutchison International 19 Ltd (Ser Regs) (Reg S)
(Reg) 3.625% 11/04/2029 – (4,000,000) –
CK Hutchison Intl 19 II Ser Regs (Reg) (Reg S) 3.375%
06/09/2049 4,066,000 (4,066,000) –
CNAC HK Finbridge Co Ltd (Reg S) (Reg) 3.375%
19/06/2024 – (6,527,000) –
CNAC HK Finbridge Co Ltd (Reg S) (Reg) 3.875%
19/06/2029 7,600,000 – –
CNAC HK Finbridge Co Ltd (Reg S) (Reg) 4.75%
19/06/2049 3,500,000 – –
CNOOC Finance 2013 Ltd 2.875% 30/09/2029 5,375,000 (3,000,000) –
CNOOC Finance 2013 Ltd 3.3% 30/09/2049 2,775,000 – –
CNRC Capitale Ltd Regs (Reg) 3.9% (Formerly known
as CNRC Capitale Ltd Regs (Reg) 3.9% 2/6/2022) – (3,000,000) –
COSCO Pacific Finance Co (Reg S) 4.375%
31/01/2023 – (7,000,000) –
Country Garden Holdings (Reg) (Reg S) 8%
27/01/2024 – (3,000,000) –
CRCC Chengan Ltd (Reg) (Reg S) Var Perp 4,800,000 – –
CRCC Yupeng Ltd (Reg) (Reg S) Var Perp – (7,000,000) –
Cydsa Sab De Cv Ser /12/ (Reg) (Reg S) 6.25%
04/10/2027 2,483,000 – –
Dianjian Haixing (Reg S) (Reg) Frn Perpetual – (14,000,000) –
DIFC Investments Llc (Reg S) 4.325% 12/11/2024 – (5,600,000) –
DP World Crescent Ltd Ser Emtn (Reg S) 3.875%
18/07/2029 10,585,000 (7,385,000) –
DP World Crescent Ltd Ser Regs (Reg S) 4.7%
30/09/2049 5,200,000 – –
DP World Ltd Ser Regs 5.625% 25/09/2048 2,014,000 – –
DP World Plc (Ser Jul) (Reg S) (Reg) 5.625%
25/09/2048 2,014,000 (2,014,000) –
Eastern Creation II Inve (Ser Emtn) (Reg S) (Reg)
2.8% 15/07/2022 976,000 (976,000) –
Emaar Sukuk Ltd 3.635% 15/09/2026 4,005,000 – –
Emaar Sukuk Ltd Ser Emtn (Reg) (Reg S) 3.875%
17/09/2029 4,202,000 – –
40 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
ENN Energy Holdings Ltd (Reg S) 3.25% 24/07/2022 – (2,200,000) –
Equate Petrochemical Bv Ser Regs (Reg) (Regs)
4.25% 03/11/2026 2,905,000 – –
Esic Sukuk Ltd Ser Emtn (Reg S) 3.939% 30/07/2024 6,916,000 – –
Finance Cayman 2009 Ser Emtn Reg S) (Reg) 3.6%
03/09/2024 – (6,000,000) –
FWD Ltd (Reg S) (Reg) 6.25% Perp – (600,000) –
GCL New Energy Holdings (Reg S) (Reg) 7.1%
30/01/2021 2,000,000 – –
Gemdale Ever Prosperity (Reg S) (Re G) 6%
06/09/2021 1,000,000 – –
Golden Eagle Retail Group Ser Regs 4.625%
21/05/2023 1,200,000 – –
Golden Legacy Pte Ltd Ser Regs (Reg) 6.875%
27/03/2024 – (3,000,000) –
Golden Legacy Pte Ltd Ser Regs (Reg) 8.25%
07/06/2021 – (1,774,000) –
Goodman HK Finance Ser Emtn (Reg S) (Reg) 4.375%
19/06/2024 – (9,000,000) –
Greenko Mauritius Ltd Ser Regs (Reg) (Reg S) 6.25%
21/02/2023 7,500,000 – –
Greenko Solar Mauritius Ser Regs (Reg) (Reg S)
5.55% 29/01/2025 5,406,000 – –
Greenko Solar Mauritius Ser Regs (Reg) (Reg S)
5.95% 29/07/2026 3,496,000 (3,496,000) –
Grupo Bimbo Sab De Cv Ser Regs (Reg) (Reg S) 4%
06/09/2049 4,900,000 – –
Gusap III Lp Ser Regs (Reg) (Reg S) 4.25% 21/01/2030 5,910,000 – –
Haitong Intl Securities (Reg) (Reg S) 3.125%
18/05/2025 4,590,000 – –
Health And Happiness H&H (Reg) (Reg S) 5.625%
24/10/2024 4,168,000 – –
Hilong Holding Ltd (Reg) (Reg S) 7.25% 22/06/2020 – (13,500,000) –
Hilong Holding Ltd (Reg) (Reg S) 8.25% 26/09/2022 10,857,000 – –
HKT Capital No 2 Ltd (Reg S) (Reg) 3.625%
02/04/2025 – (11,000,000) –
HKT Capital No 4 Ltd (Reg S) (Reg) 3% 14/07/2026 – (5,000,000) –
HPCL-Mittal Energy Ltd Ser Emtn (Reg S) 5.45%
22/10/2026 1,525,000 (1,525,000) –
Huaneng HK Capital Ltd (Reg) (Reg S) Var Perp – (3,300,000) –
Huarong Finance 2017 Co (Reg) (Reg S) Frn
27/04/2022 3,800,000 – –
施罗德亚洲高息股债基金 41
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Huarong Finance 2019 Ser Emtn (Reg S) 3.875%
13/11/2029 3,042,000 – –
Huarong Finance 2019 Ser Emtn (Regs) 4.5%
29/05/2029 10,000,000 – –
Huayi Finance I Ltd (Reg) (Reg S) 3% 30/10/2024 868,000 (868,000) –
Hyundai Capital America Ser Regs (Reg S) 2.85%
01/11/2022 3,561,000 (3,561,000) –
Hyundai Capital America Ser Regs (Reg S) 3.5%
02/11/2026 5,039,000 – –
IFC Development Corp Trs (Reg S) (Reg) 3.625%
17/04/2029 – (3,000,000) –
Indika Energy III Pte Ser Regs (Reg) 5.875%
09/11/2024 – (3,934,000) –
Indonesia (Rep Of) (Reg) 3.4% 18/09/2029 8,000,000 – –
Indonesia (Republic of) (Reg) 5.35% 11/02/2049 4,000,000 – –
Indonesia Asahan Alumini (Ser Regs) Reg S) 6.53%
15/11/2028 – (2,437,000) –
Indonesia Asahan Aluminium (Ser Regs) Reg S)
5.71% 15/11/2023 – (3,497,000) –
Industrial and Commercial Bank of China (Reg S)
(Reg) Var 10/09/2024 – (7,000,000) –
JBS Investments II GMBH Ser Regs (Reg) (Reg S)
5.75% 15/01/2028 3,225,000 (3,225,000) –
Kasikornbank Pcl Hk Ser Emtn (Reg) (Reg S) Var
02/10/2031 8,000,000 (8,000,000) –
Kenbourne Invest Sa Ser Regs (Reg) (Reg S) 6.875%
26/11/2024 3,850,000 – –
Kuwait Projects Co Spc L (Reg S) (Reg) 4.5%
23/02/2027 – (7,791,000) –
Kuwait Projects Co Spc L (Reg) (Reg S) 4.229%
29/10/2026 5,100,000 – –
Li & Fung Ltd Ser Emtn (Reg) (Reg S) 4.375%
04/10/2024 5,500,000 (1,500,000) –
LLPL Capital Pte Ltd (Ser Regs) (Re G) (Reg S) 6.875%
04/02/2039 3,989,000 (3,989,000) –
Logan Property Holdings (Reg S) (Re G) 7.5%
25/08/2022 – (4,200,000) –
Longfor Holdings Ltd (Reg) (Reg S) 3.95%
16/09/2029 4,980,000 – –
MAF Global Sec Var Perp 4,600,000 – –
42 Schroder Asian Asset Income Fund
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
MAF Global Secs Ltd (Ser Regs) (Reg) 4.75%
07/05/2024 4,700,000 – –
Mdgh – Gmtn Bv Ser Regs (Reg S) 3.7% 07/11/2049 6,036,000 – –
Mdgh – Gmtn Bv Ser Regs (Reg) (Reg S) 2.5%
07/11/2024 3,770,000 – –
Megaworld Corp (Reg S) (Reg) 4.25% 17/04/2023 – (4,300,000) –
Melco Resorts Finance Ser Regs (Reg) (Reg S) 5.375%
04/12/2029 6,008,000 – –
Metropolitan Light Co Ser Regs (Reg) 5.5%
21/11/2022 (Formerly known as WTT Investment
Ltd Ser Regs (Reg) 5.5% 21/11/2022) 5,400,000 (1,211,000) –
Mexichem SAB de Ser (Reg S) (Reg) 5.875%
17/09/2044 – (4,600,000) –
Mexico (Utd States Of) (Reg) 4.5% 31/01/2050 5,110,000 (5,110,000) –
Mexico Generadora De Ene Ser (Reg S) 5.5%
06/12/2032 – (300,000) –
MGM China Holdings Ltd (Ser Regs) (Reg S) (Reg)
5.875% 15/05/2026 – (7,000,000) –
MGM China Holdings Ltd (Ser Regs) (Reg S) (Reg)
5.375% 15/05/2024 – (2,083,000) –
Millicom International Cellular (Ser Regs) (Reg S)
(Reg) 6.25% 25/03/2029 – (1,829,000) –
Millicom Intl Cellular Ser Regs (Reg) 6.625%
15/10/2026 7,494,000 – –
Minejesa Capital Bv Ser Regs (Regs) 4.625%
10/08/2030 4,000,000 – –
Mong Duong Fin Hldgs Bv Ser Regs (Reg) (Reg S)
5.125% 07/05/2029 4,236,000 (1,236,000) –
NagaCorp Ltd Ser Regs 9.375% 21/05/2021 – (1,800,000) –
Nbk Tier 1 Financing 2 Ser Regs (Reg S) Var Perp 5,953,000 – –
New World Development Company (Reg S) 5.25%
26/02/2021 – (7,300,000) –
Newcrest Finance Pty Ltd (Reg S) 4.2% 01/10/2022 – (5,000,000) –
NWD Finance (BVI) Ltd (Reg) (Regs) 5.75% Perp – (11,600,000) –
NWD Mtn Ltd (Reg S) (Reg) 4.125% 18/07/2029 5,540,000 (5,540,000) –
Oman (Govt Of) Ser Regs (Reg) (Reg S) 6%
01/08/2029 5,570,000 (5,570,000) –
ONGC Videsh Ltd Ser Regs 4.625% 15/07/2024 – (5,000,000) –
Panasonic Corp (Ser Regs) (Reg S) 3.113%
19/07/2029 2,592,000 (2,592,000) –
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
施罗德亚洲高息股债基金 43
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Perusahaan Listrik Negar Ser Regs (Reg S) 4.375%
05/02/2050 7,433,000 – –
Perusahaan Listrik Negar Ser Regs (Reg) (Reg S)
4.875% 17/07/2049 2,028,000 – –
Petrobras Global Finance (Reg) 6.9% 19/03/2049 4,350,000 – –
Petroleos Del Peru Sa Ser Regs (Reg) (Reg S) 4.75%
19/06/2032 4,300,000 – –
Petroleos Del Peru Sa Ser Regs (Reg) 5.625%
19/06/2047 – (6,970,000) –
Phoenix Lead Ltd (Reg) (Reg S) 4.85% Perp – (1,000,000) –
Powerlong Real Estate (Reg) (Reg S) 7.125%
08/11/2022 3,134,000 – –
Press Metal Labuan Ltd (Reg S) 4.8% 30/10/2022 – (2,000,000) –
PSA Treasury Pte Ltd Ser Gmtn (Reg) (Reg S) 2.125%
05/09/2029 4,699,000 – –
PT Pertamina (Persero) Ser Regs (Reg S) 4.7%
30/07/2049 4,800,000 – –
PT Pertamina (Persero) Ser Regs (Reg) (Reg S) 3.65%
30/07/2029 1,716,000 – –
Rakuten Inc (Reg) (Reg S) 3.546% 27/11/2024 4,643,000 (4,643,000) –
Reliance Holdings Usa Inc Ser Regs 6.25Pct
19/10/2040 1,800,000 – –
Reliance Industries Ltd Ser Regs (Reg) (Reg S)
3.667% 30/11/2027 8,500,000 – –
Renew Power Ltd Ser Regs (Reg) (Reg S) 6.45%
27/09/2022 10,000,000 – –
Republic of Indonesia (Reg) 4.1% 24/04/2028 2,000,000 – –
Republic of Sri Lanka (Ser Regs) (Reg S) (Reg) 6.85%
14/03/2024 – (6,000,000) –
Republic of Sri Lanka (Ser Regs) (Reg S) (Reg) 7.85%
14/03/2029 – (16,000,000) –
Ronshine China (Reg) (Reg S) 8.95% 22/01/2023 7,600,000 – –
Saka Energi Indonesia Pt (Reg) (Reg S) Ser Regs
4.45% 05/05/2024 – (5,400,000) –
Samba Funding Ltd (Reg) (Reg S) 2.75% 02/10/2024 5,483,000 – –
Saudi Arabian Oil Co (Ser Regs) (Re G S) (Reg) 4.375%
16/04/2049 3,200,000 (3,200,000) –
Saudi International Bond (Ser Regs) (Reg S) (Reg)
5.25% 16/01/2050 3,200,000 (3,200,000) –
SD International Sukuk (Ser Emtn) (Reg S) (Reg) 6.3%
09/05/2022 3,000,000 – –
44 Schroder Asian Asset Income Fund
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Senaat Sukuk Limited (Reg S) 4.76% 05/12/2025 1,500,000 (200,000) –
Shanghai Elc Group Glb Inv (Reg) (Reg S) 2.65%
21/11/2024 3,025,000 – –
Shanghai Port Group Dev Co (Reg) (Reg S) 2.4%
11/09/2024 656,000 (656,000) –
Shanghai Port Group Dev Co (Reg) (Reg S) 2.85%
11/09/2029 5,000,000 – –
Shimao Property Hldgs (Reg) (Reg S) 5.6%
15/07/2026 4,898,000 – –
Shimao Property Holdings (Reg S) (Reg) 6.125%
21/02/2024 – (3,000,000) –
Shinhan Bank Ser Gmtn (Reg) (Reg S) Var
07/12/2026 – (4,200,000) –
Shinhan Financial Group Ser Regs (Reg) (Reg S) Var
05/02/2030 4,167,000 – –
Shinsegae Co Ltd (Reg S) Var 08/05/2045 2,800,000 – –
Shougang Group Co Ltd (Reg S) (Reg) 4%
23/05/2024 – (1,428,000) –
Siam Commercial Bank Cay (Ser Gmtn) (Reg S) (Reg)
4.4% 11/02/2029 – (2,219,000) –
Sinopec Group Dev 2018 Ser Regs (Reg S) 3.44%
12/11/2049 5,677,000 – –
SK Hynix Inc (Reg S) 3% 17/09/2024 1,590,000 (1,590,000) –
SmarTone Finance Ltd (Reg S) (Reg) 3.875%
08/04/2023 – (4,000,000) –
SMC Global Power Hldgs (Reg S) Var Perp 2,947,000 (2,947,000) –
SMC Global Power Holdings (Reg S) Var Perp – (4,845,000) –
Sri Rejeki Isman Tbk Pt Ser Regs (Reg) (Reg S) 7.25%
16/01/2025 7,672,000 – –
State Of Qatar (Ser Regs) (Reg S) (Reg) 4.817%
14/03/2049 1,600,000 (1,600,000) –
Studio City Co Ltd Ser Regs (Reg) 7.25% 30/11/2021 – (14,800,000) –
Sukuk Ltd (Reg S) (Reg) 4.638% 14/05/2029 – (2,000,000) –
Sun Hung Kai Prop (Cap) (Ser Emtn) (Reg (Reg)
3.75% 25/02/2029 – (10,500,000) –
Sunac China Holdings Ltd (Reg) (Reg S) 7.35%
19/07/2021 3,000,000 – –
Sunac China Holdings Ltd (Reg) (Reg S) 7.5%
01/02/2024 2,230,000 – –
Sunny Express (Reg) (Reg S) Var Perp 1,322,000 (1,322,000) –
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
施罗德亚洲高息股债基金 45
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
LISTED DEBT SECURITIES (Continued)
上市债务证券(续)
UNITED STATES DOLLAR (Continued)
美元(续)
Swire Pacific Mtn Fin Ser Emtn (Reg S) (Reg) 3.875%
21/09/2025 – (10,000,000) –
Swire Properties Mtn Fin Ser Emtn (Reg) (Reg S) 3.5%
10/01/2028 – (4,000,000) –
Tencent Holdings Ltd (Reg S) 3.8% 11/02/2025 – (2,000,000) –
Tencent Holdings Ltd (Ser Regs) (Reg S) (Reg) 3.28%
11/04/2024 – (2,000,000) –
Tencent Holdings Ltd (Ser Regs) (Reg S) (Reg) 3.975%
11/04/2029 – (2,000,000) –
Three Gorges Fin I Ky (Reg S) 3.2% 16/10/2049 9,500,000 – –
Tsinghua Unic Ltd (Reg) (Reg S) 4.75% 31/01/2021 – (2,934,000) –
Unifin Financiera Sa De Ser Regs (Reg) (Reg S)
8.375% 27/01/2028 7,500,000 (7,500,000) –
Unigel Luxembourg Sa Ser Regs (Reg S) 8.75%
01/10/2026 5,220,000 (4,034,000) –
Usiminas International (Ser Regs) (Reg S) 5.875%
18/07/2026 4,570,000 (4,570,000) –
Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 5.35%
11/03/2024 2,205,000 – –
Vedanta Resources (Ser Regs) (Reg S) 9.25%
23/04/2026 4,200,000 (6,700,000) –
West China Cement Ltd (Reg S) (Reg) 6.5%
11/09/2019 – (7,500,000) –
Yingde Gases Investment Ltd Ser (Regs) (Reg S)
6.25% 19/01/2023 – (972,000) –
Yuzhou Properties Co Ltd (Reg S) (Reg) 8.625%
23/01/2022 – (3,000,000) –
Yuzhou Properties Co Ltd (Reg) (Reg S) 8.3%
27/05/2025 3,246,000 – –
Yuzhou Properties Co Ltd (Reg) (Reg S) 8.375%
30/10/2024 674,000 – –
Zhenro Properties Group (Reg S) (Re G) 8.6%
13/01/2020 – (1,700,000) –
Zoomlion HK Spv Co Ltd Ser Regs 6.125%
20/12/2022 3,000,000 – –
UNLISTED/QUOTED DEBT SECURITIES
非上市╱挂牌债务证券
澳元 AUSTRALIAN DOLLAR
Ausgrid Finance Pty Ltd Ser Mtn (Reg) (Reg S) 3.75%
30/10/2024 – (5,800,000) –
DBCT Finance Pty Ltd Ser Mtn Frn 09/06/2021 – (400,000) –
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
46 Schroder Asian Asset Income Fund
Holdings
份额数目
Currency
货币
Investments
投资项目
Additions
增加
Disposals
减少
Bonus/Splits
红股╱分拆
UNLISTED/QUOTED DEBT SECURITIES (Continued)
非上市╱挂牌债务证券(续)
UNITED STATES DOLLAR
美元
Arabian Centres Sukuk Ser Regs (Reg S) 5.375%
26/11/2024 2,034,000 – –
Celulosa Arauco Constitu Ser Regs (Reg) (Reg S)
4.2% 29/01/2030 1,560,000 – –
Celulosa Arauco Constitu Ser Regs (Reg) (Reg S)
5.15% 29/01/2050 3,285,000 – –
Central Japan Railway Co (Reg) (Reg S) 2.2%
02/10/2024 6,588,000 (6,588,000) –
Grupo Bimbo Sab De Cv Ser Regs (Reg) Var Perp 1,500,000 – –
Minera Mexico Sa De Cv Ser Regs (Reg) (Reg S) 4.5%
26/01/2050 3,125,000 (3,125,000) –
NBM US Holdings Inc (Ser Regs) (Reg S) (Reg) 7%
14/05/2026 – (7,150,000) –
Prumo Participacoes E In Ser 144A (Reg) 7.5%
31/12/2031 3,519,000 – –
Prumo Participacoes E In Ser Regs (Reg) (Reg S) 7.5%
31/12/2031 1,589,000 – –
Soilbuild Business Space Rts /09/2019 5,755,721 (5,755,721) –
Treasury Bill 0% 23/01/2020 23,800,000 (23,800,000) –
US Treasury Bill 0% 21/11/2019 39,000,000 (39,000,000) –
US Treasury Bill 0% 27/02/2020 22,500,000 – –
US Treasury Bill Zcp 29/08/2019 – (20,000,000) –
Investment Portfolio Movements (Unaudited) (Continued)
投资组合变动(未经审核)(续)
For the period ended 31st December 2019
二零一九年十二月三十一日止期间
SP_AAISAR_FEB20
Schroder Investment Management (Hong Kong) Limited
Level 33, Two Pacific Place, 88 Queensway, Hong Kong
Tel: +852 2521 1633 Fax: +852 2530 9095
施罗德投资管理(香港)有限公司
香港金钟道 88 号太古广场二座 33 字楼
电话:+852 2521 1633?传真:+852 2530 9095