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 2021
二零二一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
The Hongkong and Shanghai Banking
Corporation Limited
1 Queen’s Road Central
Hong Kong
Auditor
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
香港上海汇丰银行有限公司
香港中环皇后大道中1号
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
Solicitor
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
香港中环遮打道18号
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
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）
Contents  目录
Pages  页次
Manager’s report  基金管理人报告 1-17
Statement of financial position  财务状况报表 18
Statement of comprehensive income  全面收益报表 19-21
Statement of changes in net assets attributable to unitholders
归于份额持有人净资产变动报表 22-29
Statement of cash flows  现金流量表 30-31
Investment portfolio  投资组合 32-51
Investment portfolio movements  投资组合变动 52-61
Details in respect of financial derivative instruments
金融衍生工具的详情 62-74
Holdings of collateral  所持有的抵押品 75
1 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
Market Review
Asia  Pacific  ex-Japan  equities  returned 
negatively in Q3 2021, with the fall largely 
driven by a significant sell-off in China due to 
concerns over a distressed property developer. 
China was the worst-performing market, with 
s e n t ime n t  f u r t h e r  we a k e n e d  by  t h e 
government’s  regulatory  crackdown,  an 
economic slowdown and the implications of 
President Xi Jinping’s “common prosperity” 
policy goal. India was the best-performing 
market, with MSCI India seeing double digit 
gains, as accommodative monetary policy and 
the easing of Covid-19 restrictions boosted 
sentiment. In fixed income, the US 10-year 
Treasury yield finished at 1.49%, one basis 
point  higher  compared  to  the  previous 
quarter-end. Government bond yields were 
almost unchanged for the quarter, as an initial 
decline reversed in September amid a hawkish 
shift from central banks. The Fed confirmed 
asset purchase tapering will start in November.
Going into the final quarter of the year, Asia 
ex Japan equities recorded a modest decline. 
There was a broad market sell-off following the 
emergence of the Omicron variant of Covid-19 
which investors feared could derail the global 
economic  recovery.  China  was  the  worstperforming market in the index in the quarter, 
with share prices sharply lower, along with 
neighbouring Hong Kong, on investor fears 
that  new  lockdown  restrictions  would  be 
instigated following the rapid spread of the 
new Covid-19 variant.  India and South Korea 
also ended the quarter in negative territory 
although the declines were more modest. 
Taiwan  and  I ndonesia  were  t he  best -performing  index  markets  in  the  fourth 
quarter and the only two index markets to 
achieve gains in excess of 5% in the period. In 
Taiwan, positive economic data and a rise in 
市场观察
亚太区（日本除外）股市在二零二一年第三季度录
得负回报，下跌主要是因为市场忧虑房地产开发
商陷入困境，导致中国股市遭大幅抛售。中国是
绩效最差的市场，因为受到政府的监管打击、经
济放缓以及主席习近平提倡的「共同富裕」政策目
标所影响，进一步削弱市场情绪。印度是绩效最
佳的市场，MSCI印度录得双位数的升幅，因为
推行宽松货币政策和放宽防疫限制，提升市场信
心。固定收益方面，美国10年期国债收益率收
报1.49%，较上一季末高出1个基点。今季政府
债券收益率大致维持不变，最初的跌势在九月份
逆转，原因是各国央行采取强硬立场。联储局确
认将从十一月开始缩减资产购买规模。
踏入今年最后一个季度，亚太区（日本除外）股市
录得小幅下跌。由于新冠肺炎Omicron变种病
毒出现，市场出现广泛抛售，投资者担心疫情可
能会破坏全球经济复甦。中国是今季指数中绩效
最差的市场，其股价与香港同样大幅走低，原因
是投资者忧虑新冠病毒的新变异株迅速传播后，
会引发新一轮的封锁防疫措施。季终印度和韩国
也录得负回报，尽管跌幅较为温和。台湾和印尼
是指数第四季度绩效最好的市场，也是仅有两个
在此期间升幅超过5%的指数成份市场。在台
施罗德亚洲高息股债基金 2
Manager’s Report 基金管理人报告
exports boosted investor confidence, with 
chipmakers performing well. In fixed income, 
10-year  government  yields  were  largely 
unchanged.  Yields  followed  a  downward 
trajectory  for  most  of  the  quarter  before 
reversing in the final weeks of the year as 
sentiment improved. Yield curves flattened, 
with shorter-dated bonds hit as central banks 
turned more hawkish. Corporate bonds lagged 
government bonds for the quarter.
Outlook
Looking at our cyclical models, we are now 
entering a more mature phase of the economic 
cycle when growth momentum peaks and 
global  central  banks  begin  to  withdraw 
support. The concerns around inflation and 
Covid-19 variants also set to remain as we 
stepped into 2022.
We  expect  inflation  will  continue  to  be  a 
popular  theme  in  2022.  We  believe  over 
the near-term we are likely to be in a more 
inflationary environment driven in response 
to the strength of the rebound in demand, 
which has stretched supply chains resulting 
in higher prices. However, we expect inflation 
momentum to peak as supply bottlenecks 
ease  and  we  do  not  believe  inflation  will 
pose a systematic risk for markets yet as the 
willingness of central banks to start raising 
rates in response to inflationary pressures 
should keep inflation expectations in check.
On the other hand, the new Covid-19 variant 
Omicron has been a reminder that we cannot 
become complacent about the ongoing impact 
of the pandemic. Albeit it is important to step 
back and acknowledge that we have come a 
long way since the first quarter of 2020, serious 
variants like Delta and Omicron can cause 
further volatilities in the markets.
湾，经济数据向好和出口增长，以及芯片制造商
绩效良好，均提高投资者信心。在固定收益方
面，10年期政府债券收益率大致保持不变。由于
市场情绪改善，收益率在今季大部分时间都呈下
跌趋势，其后在今年最后几周止跌回升。收益率
曲线平向，因为各国央行转为更加强硬的态度，
导致短期债券受压。今季公司债券的绩效落后政
府债券。
展望
从我们的周期性模型来看，市场现时正进入一个
更加成熟的经济周期阶段，当增长势头见顶，全
球央行开始撤回支持。随著我们步入二零二二
年，市场继续忧虑有关通货膨胀及新冠肺炎变种
病毒。
我们预计通胀将继续成为二零二二年的关注焦
点。我们认为，由于需求强劲反弹，我们可能会
在短期内处于通胀高企的环境中，因此供应链紧
张，导致价格上升。然而，随著供应樽颈有所缓
解，我们预计通胀势头将见顶，而且我们认为通
胀不会对市场构成系统性风险，因为各国央行有
意开始加息以应对通胀压力，这可望压抑通胀预
期。
另一方面，新型的新冠病毒变种株Omicron肆
虐，使我们明白，不能对大流行的长远影响松
懈。尽管重要的是要退后一步，承认自二零二零
年第一季度以来我们已经取得进步，但像Delta
和Omicron这样的严重变种病毒仍可能会导致
市场进一步波动。
市场观察（续） Market Review (Continued)
3 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
In equities, we continue to retain a positive 
outlook  on  Asian  equities  in  2022.  We 
understand  there  remains  uncertainties 
from the Chinese regulatory risks and slower 
economic growth, however, we believe that 
China’s economy continues to enjoy strong 
resilience, supported by a large demographic 
with  strong  domestic  consumption.  The 
downside risks are also less at the current 
valuation. That said, our attention will be 
focused on bottom-up opportunities. India 
is another major economy that we see a lot 
of potential across sectors. The rebound in 
domestic activity has been helping corporate 
earnings recovery while several high profile 
initial public offerings (IPOs) in the online 
sector also boosted the market sentiment. 
With improving infrastructure and the roll-out 
of digitalization, the outlook for the Indian 
economy is one of the most promising among 
other developing Asian countries. Elsewhere 
Korea and Taiwan markets, that are geared 
into the broader IT cycle, shall remain healthy 
as the digitalization trend across regions and 
sectors has no sign of slowing down.
In fixed income, we believe spreads for Asian 
credits  might  stabilize  in  2022  and  their 
valuations should be supported by stable and 
improving fundamentals. However, we are 
cautious on the Chinese real estate sector as 
it is still under severe stress. We believe the 
challenges would not disappear soon and we 
will actively manage our positions and to avoid 
developers with weak fundamentals. On the 
other hand, China’s onshore bonds continue 
to be attractive as we expect interest rate in 
China to remain low in the near-term, and we 
believe the downside risk is relatively limited 
given the monetary policy in China has further 
room to ease. We continue to focus on security 
在股市方面，我们对二零二二年亚洲股市的前景
继续保持乐观。我们明白，中国监管风险和经济
增长放缓仍带来不确定因素，但我们相信，中国
经济在庞大的人口和强劲的国内消费的支持下，
继续保持强劲的恢复力。目前估值的下行风险亦
较小，也就是说，我们的注意力将集中把握由下
而上的机遇。印度是另一个主要经济体，各个板
块都具备很大的潜力。国内活动反弹一直有助企
业盈利复甦，而在网上板块有多个备受瞩目的首
次公开招股，也提升市场信心。随著基础设施改
善和数码化推广，印度的经济前景在其他亚洲开
发中国家是最佳的。至于南韩和台湾地区的市
场，由于该区和板块的数码化趋势没有放缓的迹
象，因此，这些地区将适应更整个IT周期，并将
维持稳健发展。
在固定收益方面，我们认为亚洲信用息差可望二
零二二年靠稳，其估值应该得到稳定和改善的基
本面因素支持。然而，我们对中国房地产类别持
谨慎态度，因为该类别仍严重受压。我们相信这
些挑战不会转眼消失，我们将积极管理投资组的
持仓，避免投资基本面因素较弱的开发商。另一
方面，中国的在岸债券仍然具有吸引力，因为我
们预计中国的利率在短期内将保持在较低水平，
我们认为，由于中国的货币政策还有进一步放松
的空间，下行风险相对有限。我们继续集中精选
展望（续） Outlook (Continued)
施罗德亚洲高息股债基金 4
Manager’s Report 基金管理人报告
展望（续） Outlook (Continued)
selection and believe that there is still a role for 
duration in the portfolio. Duration will serve as 
a useful hedge against a more severe outcome 
for Omicron.
All in all, we continue to focus on positioning 
the portfolio against stagflationary risks and 
maintain our preference on equities over 
fixed income. We expect equity can still deliver 
positive returns but may be more muted as 
we shift to the mature phase of the economic 
cycle. The delivery of robust earnings will 
be crucial. As a result, diversification, strong 
asset allocation and risk management will be 
key in 2022.
证券，并相信投资组合的存续期仍能发挥作用。
存续期将作为一种有效的对冲手段，以避免
Omicron引发更严重的后果。
总而言之，我们维持集中部署投资组合，以应对
滞胀风险，并继续看好股票优于固定收益。我们
预计，股票仍能带来正值回报，但随著经济周期
进入成熟阶段，回报幅度可能会更低。实现强劲
盈利乃至关重要，因此，实施多元投资、大规模
资产配置及风险管理将会是二零二二年的首要任
务。
5 Schroder Asian Asset Income Fund
截至二零二一年十二月三十一日，基金总值
30,195,419,424港元，发行份额如下：
Manager’s Report  基金管理人报告
As at 31st December 2021, the Fund size was 
HK$30,195,419,424, represented by units as 
below:
31st December
2021
二零二一年
十二月三十一日
Units
份额
30th June
2021
二零二一年
六月三十日
Units
份额
Class A类别
HKD Accumulation Units 港元累积份额 1,363,330.16 1,366,060.39
HKD Distribution Units 港元收息份额 92,106,614.37 89,282,739.94
USD Accumulation Units 美元累积份额 5,689,084.25 5,874,195.55
USD Distribution Units 美元收息份额 134,016,644.06 136,810,953.19
AUD Hedged Distribution Units 澳元对冲收息份额 52,605,689.92 52,455,264.35
RMB Hedged Distribution Units人民币对冲收息份额 40,475,379.93 38,173,595.46
GBP Hedged Accumulation Units英镑对冲累积份额 77,069.53 59,654.14
GBP Hedged Distribution Units 英镑对冲收息份额 2,540,699.15 1,883,037.49
Class C类别
HKD Accumulation Units 港元累积份额 226,503.45 226,557.62
HKD Distribution Units 港元收息份额 577,367.97 576,532.69
USD Accumulation Units 美元累积份额 6,807,082.49 6,502,116.37
USD Distribution Units 美元收息份额 3,980,408.10 2,800,982.93
AUD Hedged Distribution Units 澳元对冲收息份额 264,041.53 254,986.76
Class I类别
USD Accumulation Units 美元累积份额 103,779.00 861,934.20
USD Distribution Units 美元收息份额 463,900.35 466,267.56
Class M类别
RMB Hedged Accumulation Units人民币对冲累积份额 1,673,115.91 4,112,936.27
Class X类别
HKD Accumulation Units 港元累积份额 67.62 67.62
HKD Distribution Units 港元收息份额 16,035.81 21,927.95
USD Accumulation Units 美元累积份额 68.14 68.14
USD Distribution Units 美元收息份额 157,569.03 189,781.29
施罗德亚洲高息股债基金 6
Manager’s Report 基金管理人报告
The prices of units were: 基金份额价格如下：
NeT ASSeT VALUe PeR UNIT 每份额净资产
31st December
2021
二零二一年
十二月三十一日
30th June
2021
二零二一年
六月三十日
Class A类别
HKD Accumulation Units 港元累积份额 HK$港元171.4249 HK$港元174.1296
HKD Distribution Units 港元收息份额 HK$港元100.7313 HK$港元104.7830
USD Accumulation Units 美元累积份额 US$美元17.1221 US$美元17.4604
USD Distribution Units 美元收息份额 US$美元10.0616 US$美元10.5074
AUD Hedged Distribution Units 澳元对冲收息份额 AU$澳元9.2112 AU$澳元9.6310
RMB Hedged Distribution Units人民币对冲收息份额 RMB人民币94.8143 RMB人民币98.8772
GBP Hedged Accumulation Units英镑对冲累积份额 GBP英镑11.7312 GBP英镑11.9846
GBP Hedged Distribution Units英镑对冲收息份额 GBP英镑9.5663 GBP英镑9.9931
Class C类别
HKD Accumulation Units 港元累积份额 HK$港元184.9279 HK$港元187.1604
HKD Distribution Units 港元收息份额 HK$港元108.7031 HK$港元112.6629
USD Accumulation Units 美元累积份额 US$美元16.5194 US$美元16.7844
USD Distribution Units 美元收息份额 US$美元10.4621 US$美元10.8858
AUD Hedged Distribution Units 澳元对冲收息份额 AU$澳元9.5882 AU$澳元9.9922
Class I类别
USD Accumulation Units 美元累积份额 US$美元17.3103 US$美元17.5256
USD Distribution Units 美元收息份额 US$美元12.8379 US$美元13.3104
Class M类别
RMB Hedged Accumulation Units人民币对冲累积份额RMB人民币142.2934RMB人民币143.0670
Class X类别
HKD Accumulation Units 港元累积份额 HK$港元171.0699 HK$港元173.7644
HKD Distribution Units 港元收息份额 HK$港元151.2335 HK$港元157.3165
USD Accumulation Units 美元累积份额 US$美元17.0704 US$美元17.4081
USD Distribution Units 美元收息份额 US$美元15.1061 US$美元15.7753
7 Schroder Asian Asset Income Fund
Manager’s Report  基金管理人报告
DISTRIBUTIONS
HKD Class A 
港元A类别份额
Record date
纪录日
Payment date
派息日
No. of units
entitled
distributions
有权收取派息
之份额
Distribution
per unit
每份额
派息额
HK$
港元
Total
distribution
amount
总派息额
HK$
港元
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 91,089,616.63 0.410794 37,419,067.97
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 91,399,182.39 0.409431 37,421,658.65
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 92,690,969.26 0.400518 37,124,401.63
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 92,910,706.82 0.400885 37,246,508.70
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 93,281,166.02 0.401009 37,406,587.10
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 92,791,563.21 0.396871 36,826,280.48
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 85,401,625.17 0.376038 32,114,256.33
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 84,564,696.38 0.380511 32,177,797.18
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 83,475,613.88 0.372438 31,089,490.68
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 81,618,676.14 0.371746 30,341,416.38
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 81,449,602.28 0.389539 31,727,796.62
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 81,124,711.92 0.396376 32,155,888.81
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 80,714,145.65 0.415089 33,503,554.00
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 80,007,294.30 0.418315 33,468,251.32
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 82,804,048.83 0.412231 34,134,395.85
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 86,273,545.82 0.420409 36,270,175.12
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 87,200,519.08 0.414895 36,179,059.36
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 89,282,739.94 0.416363 37,174,029.45
派息 
施罗德亚洲高息股债基金 8
Manager’s Report 基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 576,545.67 0.441933 254,794.56
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 576,558.50 0.440711 254,095.67
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 576,571.45 0.431417 248,742.73
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 579,328.63 0.432052 250,300.09
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 577,358.87 0.432366 249,630.35
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 577,367.97 0.428143 247,196.05
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 566,627.61 0.401631 227,575.21
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 566,636.51 0.406634 230,413.67
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 566,645.56 0.398227 225,653.56
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 571,696.84 0.397763 227,399.85
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 571,705.63 0.417032 238,419.54
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 567,148.08 0.424529 240,770.81
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 566,506.89 0.444941 252,062.14
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 561,762.05 0.448649 252,033.98
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 561,771.37 0.442369 248,510.24
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 561,780.45 0.451459 253,620.84
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 571,677.35 0.445786 254,845.76
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 576,532.69 0.447674 258,098.70
派息（续）
9 Schroder Asian Asset Income Fund
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 1,940,782.73 0.037065 71,935.11
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 2,085,644.66 0.036914 76,989.49
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 2,061,022.39 0.036100 74,402.91
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 2,374,542.90 0.036177 85,903.84
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 2,480,859.89 0.036140 89,658.28
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 2,546,347.79 0.035706 90,919.89
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 5,259.22 0.564567 2,969.18
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 5,250.86 0.571283 2,999.73
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 6,857.32 0.559162 3,834.35
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 6,843.47 0.558123 3,819.50
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 7,929.49 0.584836 4,637.45
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 7,918.97 0.595102 4,712.59
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 14,002.22 0.623196 8,726.13
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 14,275.87 0.628040 8,965.82
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 14,252.37 0.618905 8,820.86
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 21,076.18 0.631183 13,302.93
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 21,043.61 0.622904 13,108.15
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 21,927.95 0.625108 13,707.34
派息（续）
Manager’s Report 基金管理人报告
施罗德亚洲高息股债基金 10
Manager’s Report  基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 136,898,621.51 0.041125 5,629,955.81
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 135,543,767.54 0.040963 5,552,279.35
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 134,877,245.40 0.040068 5,404,261.47
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 135,022,809.26 0.040144 5,420,355.65
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日134,643,061.13 0.040097 5,398,782.82
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 134,437,265.74 0.039612 5,325,328.97
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 137,652,401.11 0.037785 5,201,195.98
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 136,429,492.01 0.038233 5,216,108.77
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 133,779,605.23 0.037424 5,006,567.95
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 129,785,418.87 0.037354 4,848,004.54
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 128,474,907.66 0.039137 5,028,122.46
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 128,197,455.74 0.039820 5,104,822.69
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 127,439,060.00 0.041699 5,314,081.36
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 126,363,590.84 0.042009 5,308,408.09
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 129,065,879.34 0.041327 5,333,905.60
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 133,835,755.76 0.042175 5,644,523.00
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 134,301,009.47 0.041628 5,590,682.42
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 136,810,953.19 0.041752 5,712,130.92
派息（续）
11 Schroder Asian Asset Income Fund
Manager’s Report 基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 576,545.67 0.441933 254,794.56
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 576,558.50 0.440711 254,095.67
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 576,571.45 0.431417 248,742.73
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 579,328.63 0.432052 250,300.09
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 577,358.87 0.432366 249,630.35
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 577,367.97 0.428143 247,196.05
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 1,423,022.74 0.038886 55,335.66
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 1,444,959.93 0.039369 56,886.63
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 1,503,746.17 0.038556 57,978.44
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 1,603,732.06 0.038511 61,761.33
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 1,610,825.74 0.040372 65,032.26
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 1,671,923.99 0.041094 68,706.04
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 1,797,922.00 0.043068 77,432.90
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 1,900,985.92 0.043413 82,527.50
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 2,100,117.05 0.042733 89,744.30
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 2,189,374.76 0.043639 95,542.13
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 2,343,103.74 0.043097 100,980.74
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 2,800,982.93 0.043255 121,156.52
派息（续）
施罗德亚洲高息股债基金 12
Manager’s Report  基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 466,267.56 0.052153 24,317.25
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 466,267.56 0.052004 24,247.78
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 465,080.79 0.050937 23,689.82
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 465,080.79 0.051090 23,760.98
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 465,080.79 0.051073 23,753.07
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 465,080.79 0.050511 23,491.70
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 2,771,963.55 0.047252 130,980.82
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 2,771,963.55 0.047864 132,677.26
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 2,766,261.11 0.046902 129,743.18
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 2,766,261.11 0.046879 129,679.55
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 2,766,261.11 0.049170 136,017.06
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 623,762.48 0.050054 31,221.81
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 623,762.48 0.052502 32,748.78
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 623,762.48 0.052951 33,028.85
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 467,416.86 0.052151 24,376.26
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 467,416.86 0.053294 24,910.51
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 466,267.56 0.052661 24,554.12
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 466,267.56 0.052890 24,660.89
派息（续）
13 Schroder Asian Asset Income Fund
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 188,136.05 0.061743 11,616.08
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 165,943.21 0.061500 10,205.51
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 164,585.74 0.060156 9,900.82
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 160,735.26 0.060270 9,687.51
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 156,529.57 0.060200 9,423.08
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 157,017.98 0.059472 9,338.17
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 72,878.74 0.056728 4,134.27
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 74,101.52 0.057400 4,253.43
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 79,195.61 0.056185 4,449.61
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 82,195.44 0.056080 4,609.52
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 104,909.23 0.058757 6,164.15
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 113,037.59 0.059783 6,757.73
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 128,293.82 0.062604 8,031.71
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 141,821.50 0.063071 8,944.82
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 164,263.07 0.062046 10,191.87
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 166,900.24 0.063320 10,568.12
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 173,651.20 0.062498 10,852.85
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 189,781.29 0.062684 11,896.25
派息（续）
Manager’s Report 基金管理人报告
施罗德亚洲高息股债基金 14
Manager’s Report 基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 53,910,903.30 0.037688 2,031,794.12
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 54,537,053.89 0.035544 1,938,465.04
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 54,107,034.62 0.034758 1,880,652.31
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 53,641,278.79 0.034821 1,867,842.97
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 53,369,366.08 0.034788 1,856,613.51
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 52,905,503.32 0.034373 1,818,520.87
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 64,423,729.95 0.034857 2,245,617.95
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 63,240,491.74 0.035256 2,229,606.78
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 62,014,337.66 0.034492 2,138,998.53
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 60,324,217.11 0.034427 2,076,781.82
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 59,454,107.84 0.037950 2,256,283.39
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 58,825,459.88 0.038589 2,270,015.67
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 54,950,035.08 0.040342 2,216,794.32
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 53,345,197.43 0.040624 2,167,095.30
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 53,222,502.65 0.039917 2,124,482.64
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 53,521,732.25 0.040713 2,179,030.29
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 53,641,402.43 0.038151 2,046,473.14
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 52,455,264.35 0.038270 2,007,462.97
派息（续）
15 Schroder Asian Asset Income Fund
Manager’s Report  基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 254,990.31 0.039127 9,977.01
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 254,993.82 0.036934 9,417.94
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 264,041.53 0.036147 9,544.31
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 264,041.53 0.036229 9,565.96
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 264,041.53 0.036193 9,556.46
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 264,041.53 0.035768 9,444.24
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 222,462.90 0.035907 7,987.98
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 222,466.26 0.036339 8,084.20
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 222,469.68 0.035571 7,913.47
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 222,473.06 0.035531 7,904.69
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 222,476.38 0.039187 8,718.18
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 222,479.95 0.039864 8,868.94
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 222,483.46 0.041710 9,279.79
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 267,987.07 0.042049 11,268.59
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 267,990.79 0.041343 11,079.54
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 254,979.57 0.042186 10,756.57
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 254,983.27 0.039552 10,085.10
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 254,986.76 0.039705 10,124.25
派息（续）
施罗德亚洲高息股债基金 16
Manager’s Report 基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 39,238,911.76 0.591729 23,218,802.02
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 39,578,301.21 0.589693 23,339,047.18
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 39,829,218.86 0.577388 22,996,913.02
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 40,176,001.02 0.578541 23,243,463.81
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 40,650,671.04 0.577430 23,472,916.98
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 40,683,567.61 0.570398 23,205,825.60
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 38,298,137.93 0.449843 17,228,149.26
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 37,794,779.00 0.493312 18,644,618.02
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 37,502,398.02 0.482919 18,110,620.55
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 36,641,257.87 0.482611 17,683,474.10
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 35,983,411.86 0.564068 20,297,091.16
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 35,862,184.60 0.573604 20,570,692.54
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 35,600,946.62 0.559086 19,903,990.84
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 35,491,326.34 0.604979 21,471,507.12
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 36,095,377.05 0.594971 21,475,702.58
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 36,691,312.28 0.607556 22,292,026.92
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 37,335,971.13 0.599312 22,375,895.53
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 38,173,595.46 0.601026 22,943,323.38
派息（续）
17 Schroder Asian Asset Income Fund
Manager’s Report  基金管理人报告
DISTRIBUTIONS (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 2021
二零二一年十二月三十一日止期间
28th July 2021二零二一年七月二十八日 9th August 2021二零二一年八月九日 1,940,782.73 0.037065 71,935.11
25th August 2021二零二一年八月二十五日 7th September 2021二零二一年九月七日 2,085,644.66 0.036914 76,989.49
29th September 2021二零二一年九月二十九日 13th October 2021二零二一年十月十三日 2,061,022.39 0.036100 74,402.91
27th October 2021二零二一年十月二十七日 8th November 2021二零二一年十一月八日 2,374,542.90 0.036177 85,903.84
17th November 2021二零二一年十一月十七日 30th November 2021二零二一年十一月三十日 2,480,859.89 0.036140 89,658.28
15th December 2021二零二一年十二月十五日 6th January 2022二零二二年一月六日 2,546,347.79 0.035706 90,919.89
For the year ended 30th June 2021
二零二一年六月三十日止年度
29th July 2020二零二零年七月二十九日 10th August 2020二零二零年八月十日 851,970.62 0.034086 29,040.27
26th August 2020二零二零年八月二十六日 8th September 2020二零二零年九月八日 893,552.99 0.034475 30,805.24
23rd September 2020二零二零年九月二十三日 9th October 2020二零二零年十月九日 896,840.78 0.033718 30,239.68
28th October 2020二零二零年十月二十八日 9th November 2020二零二零年十一月九日 849,097.29 0.033664 28,584.01
25th November 2020二零二零年十一月二十五日7th December 2020二零二零年十二月七日 788,172.91 0.035240 27,775.21
16th December 2020二零二零年十二月十六日 7th January 2021二零二一年一月七日 853,232.39 0.035878 30,612.27
27th January 2021二零二一年一月二十七日 8th February 2021二零二一年二月八日 1,080,742.96 0.037563 40,595.95
24th February 2021二零二一年二月二十四日 8th March 2021二零二一年三月八日 1,242,641.80 0.037839 47,020.32
24th March 2021二零二一年三月二十四日 7th April 2021二零二一年四月七日 1,451,704.14 0.037221 54,033.88
28th April 2021二零二一年四月二十八日 10th May 2021二零二一年五月十日 1,619,549.85 0.037983 61,515.36
26th May 2021二零二一年五月二十六日 7th June 2021二零二一年六月七日 1,714,624.10 0.037485 64,272.68
30th June 2021二零二一年六月三十日 12th July 2021二零二一年七月十二日 1,883,037.49 0.037613 70,826.69
派息（续）
Schroder Investment Management
(Hong Kong) Limited
22nd February 2022
施罗德投资管理（香港）有限公司
二零二二年二月二十二日
施罗德亚洲高息股债基金 18
Statement of Financial Position
财务状况报表
As at 31st December 2021
截至二零二一年十二月三十一日
31st December
2021
二零二一年
十二月三十一日
HK$
港元
30th June
2021
二零二一年
六月三十日
HK$
港元
ASSeTS 资产
Current assets流动资产
Investments投资 29,066,583,779 29,915,452,234
Financial derivative instruments金融衍生工具 143,461,464 97,709,546
Amounts receivable on disposal of investments应收出售投资款项 2,051,641 62,721,720
Amounts receivable on subscription of units应收认购份额款项 71,850,827 253,435,015
Dividends receivable应收股利 24,041,124 38,229,171
Interest receivable on debt securities应收债务证券利息 123,173,169 137,607,415
Interest receivable on bank deposits应收存款利息 882 –
Other receivables and prepayments其他应收款项及预付款项 305,707 261,540
Margin deposits保证金 363,185,641 336,175,827
Cash collateral现金抵押品 18,321,305 3,416,974
Cash and bank deposits
Note 1现金及银行存款注釋1
849,957,660 1,073,057,120
Total assets资产总值 30,662,933,199 31,918,066,562
LIABILITIeS 负债
Current liabilities 流动负债
Financial derivative instruments金融衍生工具 89,687,927 196,549,467
Amounts payable on purchase of investments应付认购投资款项 105,301,435 85,860,183
Amounts payable on redemption of units应付赎回份额款项 71,399,830 98,888,742
Deferred tax liability递延税项负债 40,097,834 19,857,865
Distributions payable应付股利 119,890,976 123,130,516
Cash collateral liabilities现金抵押品负债 2,728,705 3,339,316
Other payables其他应付款项 38,407,068 39,258,077 
Liabilities (excluding net assets attributable to unitholders)
负债值（除归于份额持有人净资产） 467,513,775 566,884,166
Net assets attributable to unitholders归于份额持有人净资产 30,195,419,424 31,351,182,396
Note:  Semi-annual report has applied the same accounting policies and methods of computation 
as are applied in the annual report of the Fund.
注釋：  中期报告已采用与其年报相同的会计政策及计算方法。
Note 1:  As at 31st December 2021, cash collateral amounting to HK$2,728,705 were held under The 
Hongkong and Shanghai Banking Corporation Limited, Hong Kong and included as cash 
and bank deposit under the statement of financial position (30th June 2021: HK$3,339,316).
注釋1：  截至二零二一年十二月三十一日，香港上海汇丰银行有限公司持有现金抵押品为$2,728,705港元
及其金额包括在财务状况报表中的现金及银行存款（二零二一年六月三十日：$3,339,316港元）。
19 Schroder Asian Asset Income Fund
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
HK$
港元
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
HK$
港元
INCOMe 收益
Dividends 股利 402,098,113 316,455,237
Interest on bank deposits 存款利息 11,152 7,286
Interest on debt securities 债务证券利息 240,430,096 270,610,131
Interest on collateral 抵押品利息 2,580 3,149
Net realised (losses)/gains on investments and financial 
derivative instruments 出售投资及金融衍生工具净（亏损）╱
收益 (119,985,975) 197,485,190
Net change in unrealised appreciation/depreciation in value 
of investments and financial derivative instruments
投资及金融衍生工具的未變现增值╱贬值 (664,633,470) 3,688,650,814
Net exchange gains 汇兑净收益 4,829,819 13,960,709
Other income 其他收益 745,000 289,658
Total net (loss)/income 总净（亏损）╱收益 (136,502,685) 4,487,462,174
eXPeNSeS 支出
Management fee 管理费用 189,840,742 176,438,802
Trustee fee 受托人费用 10,879,464 10,222,496
Safe custody and bank charges
Note代管费用及银行费用注釋
4,119,218 4,269,873
Auditor’s remuneration 审计师酬金 107,476 111,367
Legal and other professional fees
Note法律及专业费用注釋
253,641 203,257
Transaction handling fees
Note交易手续费注釋
143,819 279,988
Transaction cost
Note交易成本注釋
4,804,251 11,750,120
Interest expense 利息支出 254,651 54,280
Other operating expensesNote其他经营费用注釋
32,109,201 29,710,171
Total operating expenses 总经营费用 242,512,463 233,040,354
Statement of Comprehensive Income
全面收益报表
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
施罗德亚洲高息股债基金 20
Statement of Comprehensive Income (Continued)
全面收益报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
HK$
港元
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
HK$
港元
Operating (loss)/profit 经营（亏损）╱盈利 (379,015,148) 4,254,421,820
Finance cost 财务成本
Distributions to unitholders 股利分派给份额持有人 (727,191,790) (640,878,472)
(Loss)/profit after distribution and before tax
派发股利后及预扣税前之（亏损）╱盈利 (1,106,206,938) 3,613,543,348
Withholding tax 预扣税项 (39,038,108) (34,779,189)
Capital gain tax 资产增值预扣税 (20,078,814) (38,340)
(Decrease)/increase in net assets attributable to 
unitholders 归于份额持有人净资产之（减少）╱增加 (1,165,323,860) 3,578,725,819
21 Schroder Asian Asset Income Fund
Statement of Comprehensive Income (Continued)
全面收益報表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
Note
During the period ended 31st December 2021 and 2020, Trustee fee was paid to the Trustee 
and Management fee was paid to the Manager. Other respective amounts paid to the Manager, 
Trustee or their Connected Persons were as follows:
注釋 於二零二一年及二零二零年十二月三十一日止期间，受托人费用支付予受托人及管理费用支付予經
理人，其他支付予經理人、受托人或其關連人士的金额如下：
Paid to
支付予
For the period from
1st July 2021 to 
31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
HK$
港元
For the period from
1st July 2020 to 
31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
HK$
港元
Safe custody and bank charges
代管费用及银行费用
–  Safe custody and bank
charges
代管费用及银行费用
Trustee or its Connected 
Persons
受托人或其關連人士 2,842,739 2,075,673
Transaction cost 交易成本 Trustee or its Connected 
Persons
受托人或其關連人士 143,819 269,765
Interest expense 利息支出 Trustee or its Connected 
Persons
受托人或其關連人士 – 168
Other operating expenses
其他经营费用
–  Other fees
其他支出
Trustee or its Connected 
Persons
受托人或其關連人士 1,264,168 1,069,906
–  Net registrar’s cost
注冊處费用
Trustee or its Connected 
Persons
受托人或其關連人士 30,382,142 28,269,133
施罗德亚洲高息股债基金 22
Statement of Changes in Net Assets Attributable to Unitholders
归于份额持有人净资产变动报表
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
HK$
港元
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
HK$
港元
Balance at the beginning of the period 期初总值 31,351,182,396 29,377,442,901
Issue of units 发行份额 4,948,378,909 2,505,243,752
Redemption of units 赎回份额 (4,938,818,021) (5,880,100,373)
Net issue/(redemption) 净发行╱（赎回） 9,560,888 (3,374,856,621)
(Decrease)/increase in net assets attributable to unitholders
归于份额持有人净资产之（减少）╱增加 (1,165,323,860) 3,578,725,819
Balance at the end of the period 期末总值 30,195,419,424 29,581,312,099
23 Schroder Asian Asset Income Fund
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
HKD Class A Accumulation 港元A类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 1,366,060.39 1,635,078.71
Units issued 发行份额 122,992.15 86,708.13
Units redeemed 赎回份额 (125,722.38) (181,860.42)
Number of units in issue at the end of the period
期末已发行份额数目 1,363,330.16 1,539,926.42
HKD Class A Distribution 港元A类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 89,282,739.94 87,407,766.67
Units issued 发行份额 17,042,891.83 7,987,236.09
Units redeemed 赎回份额 (14,219,017.40) (15,471,100.44)
Number of units in issue at the end of the period
期末已发行份额数目 92,106,614.37 79,923,902.32
HKD Class C Accumulation 港元C类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 226,557.62 241,771.53
Units issued 发行份额 10,613.28 –
Units redeemed 赎回份额 (10,667.45) (39,923.34)
Number of units in issue at the end of the period
期末已发行份额数目 226,503.45 201,848.19
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
施罗德亚洲高息股债基金 24
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
HKD Class C Distribution 港元C类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 576,532.69 560,525.85
Units issued 发行份额 2,813.96 11,188.74
Units redeemed 赎回份额 (1,978.68) (4,566.51)
Number of units in issue at the end of the period
期末已发行份额数目 577,367.97 567,148.08
USD Class A Accumulation 美元A类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 5,874,195.55 8,711,106.87
Units issued 发行份额 416,958.14 279,967.19
Units redeemed 赎回份额 (602,069.44) (2,435,931.89)
Number of units in issue at the end of the period
期末已发行份额数目 5,689,084.25 6,555,142.17
USD Class A Distribution 美元A类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 136,810,953.19 140,638,049.94
Units issued 发行份额 21,248,298.22 15,070,213.41
Units redeemed 赎回份额 (24,042,607.35) (28,532,867.20)
Number of units in issue at the end of the period
期末已发行份额数目 134,016,644.06 127,175,396.15
25 Schroder Asian Asset Income Fund
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
USD Class C Accumulation 美元C类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 6,502,116.37 9,627,267.89
Units issued 发行份额 602,777.76 49,629.55
Units redeemed 赎回份额 (297,811.64) (2,042,318.52)
Number of units in issue at the end of the period
期末已发行份额数目 6,807,082.49 7,634,578.92
USD Class C Distribution 美元C类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 2,800,982.93 1,348,450.11
Units issued 发行份额 1,418,007.58 430,152.20
Units redeemed 赎回份额 (238,582.41) (106,438.08)
Number of units in issue at the end of the period
期末已发行份额数目 3,980,408.10 1,672,164.23
USD Class I Accumulation 美元I类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 861,934.20 1,320,034.13
Units issued 发行份额 6,441.00 –
Units redeemed 赎回份额 (764,596.20) (261,431.11)
Number of units in issue at the end of the period
期末已发行份额数目 103,779.00 1,058,603.02
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
施罗德亚洲高息股债基金 26
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
USD Class I Distribution 美元I类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 466,267.56 2,771,963.55
Units redeemed 赎回份额 (2,367.21) (2,148,201.07)
Number of units in issue at the end of the period
期末已发行份额数目 463,900.35 623,762.48
AUD Hedged Class A Distribution 澳元对冲A类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 52,455,264.35 64,635,380.73
Units issued 发行份额 6,917,861.48 4,233,664.40
Units redeemed 赎回份额 (6,767,435.91) (10,574,319.78)
Number of units in issue at the end of the period
期末已发行份额数目 52,605,689.92 58,294,725.35
AUD Hedged Class C Distribution 澳元对冲C类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 254,986.76 222,459.59
Units issued 发行份额 9,954.05 20.36
Units redeemed 赎回份额 (899.28) –
Number of units in issue at the end of the period
期末已发行份额数目 264,041.53 222,479.95
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
27 Schroder Asian Asset Income Fund
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
RMB Hedged Class A Distribution 
人民币对冲A类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 38,173,595.46 39,432,221.46
Units issued 发行份额 6,238,156.17 2,609,190.57
Units redeemed 赎回份额 (3,936,371.70) (6,355,532.67)
Number of units in issue at the end of the period
期末已发行份额数目 40,475,379.93 35,685,879.36
RMB Hedged Class M Accumulation 
人民币对冲M类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 4,112,936.27 11,010,553.35
Units issued 发行份额 91,559.87 98,521.75
Units redeemed 赎回份额 (2,531,380.23) (1,815,100.61)
Number of units in issue at the end of the period
期末已发行份额数目 1,673,115.91 9,293,974.49
GBP Hedged Class A Accumulation 英镑对冲A类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 59,654.14 111,488.61
Units issued 发行份额 21,616.11 7,699.77
Units redeemed 赎回份额 (4,200.72) (77,981.55)
Number of units in issue at the end of the period
期末已发行份额数目 77,069.53 41,206.83
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
施罗德亚洲高息股债基金 28
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
GBP Hedged Class A Distribution 英镑对冲A类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 1,883,037.49 793,971.76
Units issued 发行份额 983,068.29 235,772.68
Units redeemed 赎回份额 (325,406.63) (206,934.88)
Number of units in issue at the end of the period
期末已发行份额数目 2,540,699.15 822,809.56
HKD Class X Accumulation 港元X类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 67.62 67.62
Number of units in issue at the end of the period
期末已发行份额数目 67.62 67.62
HKD Class X Distribution 港元X类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 21,927.95 5,264.40
Units issued 发行份额 5,820.83 9,420.59
Units redeemed 赎回份额 (11,712.97) (659.79)
Number of units in issue at the end of the period
期末已发行份额数目 16,035.81 14,025.20
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
29 Schroder Asian Asset Income Fund
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
Units
份额
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
Units
份额
USD Class X Accumulation 美元X类别累积份额
Number of units in issue at the beginning of the period
期初已发行份额数目 68.14 68.14
Number of units in issue at the end of the period
期末已发行份额数目 68.14 68.14
USD Class X Distribution 美元X类别收息份额
Number of units in issue at the beginning of the period
期初已发行份额数目 189,781.29 80,711.22
Units issued 发行份额 31,073.43 57,741.02
Units redeemed 赎回份额 (63,285.69) (15,660.79)
Number of units in issue at the end of the period
期末已发行份额数目 157,569.03 122,791.45
Statement of Changes in Net Assets Attributable to Unitholders 
(Continued)
归于份额持有人净资产变动报表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
施罗德亚洲高息股债基金 30
Statement of Cash Flows
现金流量表
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
HK$
港元
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
HK$
港元
Cash flows from operating activities 
经营业务之现金流量
(Decrease)/increase in net assets attributable to unitholders
归于份额持有人净资产之（减少）╱增加 (1,165,323,860) 3,578,725,819
Adjustments for 调整：
– Dividends 股利 (402,098,113) (316,455,237)
– Interest on bank deposits 存款利息 (11,152) (7,286)
– Interest on debt securities 债务证券利息 (240,430,096) (270,610,131)
– Interest on collateral 抵押品利息 (2,580) (3,149)
– Interest expense 利息支出 254,651 –
– Capital gain tax 资产增值扣税 20,078,814 38,340
– Withholding tax 预扣税项 39,038,108 34,779,189
– Other income 其他收益 (745,000) (289,658)
– Distributions to unitholders 派息予份额持有人 727,191,790 640,878,472
– Net exchange losses 汇兑净亏损 (4,829,819) (13,960,709)
Operating (loss)/profit before working capital changes
经营资本转变前之经营（亏损）╱盈利 (1,026,877,257) 3,653,095,650
Net decrease/(increase) in investments and financial
derivative instruments 投资及金融衍生工具之减少╱（增加）
净额 696,254,997 (756,505,550)
Net increase in margin deposits – restricted
受限制保证金之增加净额 (93,875,022) (228,434,605)
(Increase)/decrease in cash collateral
现金抵押品之（增加）╱减少 (14,904,331) 8,990,522
Decrease in cash collateral liabilities 现金抵押品负债之减少 (610,611) (3,951,777)
Increase/(decrease) in amounts payable on purchase of
investments 应付认购投资款项之增加╱（减少） 19,441,252 (192,313,626)
(Decrease)/increase in other payables 其他应付款项之
（减少）╱增加 (851,009) 437,167
Decrease in amounts receivable on disposal of investments
应收出售投资款项之减少 60,670,079 107,660,622
(Increase)/decrease in other receivables and prepayments
其他应收款项及预付款项之（增加）╱减少 (44,167) 116,268
Cash (used in)/generated from operations
经营所（运用）╱产生之现金 (360,796,069) 2,589,094,671
31 Schroder Asian Asset Income Fund
Statement of Cash Flows (Continued)
现金流量表（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
For the period
from 1st July 2021
to 31st December
2021
由二零二一年
七月一日至十二月
三十一日止期间
HK$
港元
For the period
from 1st July 2020
to 31st December
2020
由二零二零年
七月一日至十二月
三十一日止期间
HK$
港元
Dividends received 已收股利 381,686,540 306,982,204
Taxation refunded/(paid) 已付税项 161,155 (38,340)
Interest on bank deposits received 已收存款利息 (11,630) 7,024
Interest on debt securities received 已收债务证券利息 250,447,754 278,931,052
Interest on collateral received 抵押品利息 2,580 3,149
Interest paid 已付利息 (254,651) –
Other income 其他收益 745,000 289,658
Net cash generated from operating activities
经营所产生之现金净额 271,980,679 3,175,269,418
Cash flows from financing activities 筹资活动之现金流量
Distributions paid to unitholders 分配给份额持有人之股利 (730,431,330) (634,668,211)
Proceeds from subscription of units 认购份额所得款项 5,129,963,097 2,438,711,850
Payments on redemption of units 赎回份额支付款项 (4,966,306,933) (5,839,601,075)
Net cash used in financing activities
筹资活动所运用之现金净额 (566,775,166) (4,035,557,436)
Net decrease in cash and cash equivalents
现金及现金等值之净减少 (294,794,487) (860,288,018)
Cash and cash equivalents at the beginning of the period
年初现金及现金等值 1,324,090,616 1,250,603,580
Net exchange gains 汇兑净收益 4,829,819 13,960,709
Cash and cash equivalents at the end of the period
年终现金及现金等值 1,034,125,948 404,276,271
Analysis of balances of cash and cash equivalents:
现金及现金等值余额分析：
Cash and bank deposits 银行现金及存款结余 849,957,660 404,276,271
Margin deposits – unrestricted 保证金－不受限制 184,168,288 –
1,034,125,948 404,276,271
施罗德亚洲高息股债基金 32
Investment Portfolio
基金投资組合
As at 31st December 2021
截至二零二一年十二月三十一日
Country/Territory
国家╱地區
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 2,923,973,060 9.68
ANZ Banking Group Ltd 1,988,456 310,069,749 1.03
Ausnet Services Ord Npv 45,003,183 655,585,254 2.17
BHP Group Ltd 1,058,321 248,953,555 0.82
Cochlear Limited 28,498 34,910,990 0.12
Coles Group Ltd Ord Npv 605,845 61,607,954 0.20
CSL Limited 64,498 106,285,490 0.35
Fortescue Metals Group Limited 1,209,771 131,729,595 0.44
Incitec Pivot Ltd Ord Npv 2,237,478 41,091,936 0.14
James Hardie Industries SE Receipt Npv 151,163 47,383,098 0.16
National Australia Bank Ltd 1,975,631 322,963,847 1.07
Newcrest Mining Limited 464,009 64,385,880 0.21
Resmed Inc Chess Depositary Interests (10 
Cdi Reps 1 Ord Shs) 200,951 40,755,228 0.13
Rio Tinto Limited Ord Npv 427,295 242,470,045 0.80
Shopping Centres Australasia Property 
Group REIT Npv 14,561,771 245,145,241 0.81
Stockland 8,585,411 206,338,262 0.68
Westpac Banking Corporation (Formerly 
Known As Bank of New South Wales) 1,286,948 155,744,135 0.52
Woolworths Group Ltd Ord Npv 39,697 8,552,801 0.03
HONG KONG 香港 4,003,522,276 13.26
AIA Group Ltd 1,060,000 83,316,000 0.28
Alibaba Group Holding Ltd Ord 
USD.000003125 575,400 68,415,060 0.23
Anta Sports Products Ltd Ord HKD 0.1 373,000 43,603,700 0.14
BOC Hong Kong Holdings Ltd Ord Npv 8,185,000 209,126,750 0.69
BYD Co Ltd 67,000 17,862,200 0.06
C L P Holdings Limited 1,408,500 110,919,375 0.37
Chacha Food Co Ltd-A Szhk 780,828 58,740,418 0.19
China Construction Bank H Shs Ord CNY1 20,500,000 110,700,000 0.37
China Mengniu Dairy Company Limited 2,218,000 98,035,600 0.32
China Pacific Insurance Gr Co Ltd H Shs 3,849,200 81,410,580 0.27
China Petroleum and Chemical 
Corporation-H 9,274,000 33,664,620 0.11
China Tourism Group Duty Free 
Corporation Limited - Cc Ord CNY1 474,186 127,556,163 0.42
Fortune REIT Npv 41,782,000 334,673,820 1.11
Goertek Inc -A Ord Cny 1 Szhk 533,605 35,392,680 0.12
Hk Electric Investments – Ss 76,006,177 581,447,254 1.93
HKBN Ltd Ord HKD0.0001 3,018,500 28,887,045 0.10
Hkt Trust & Hkt Ltd Ord HKD 0.0005 32,087,060 336,272,389 1.11
Industrial and Commercial Bank of China
H Shs Ord CNY1 37,438,000 164,727,200 0.55
33 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
Country/Territory
国家╱地區
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）
HONG KONG  （Continued) 香港（续）
JD.com Inc - Cl A Ord USD0.00002 188,600 51,676,400 0.17
Li Ning Co Ltd Ord HKD0.1 843,000 71,950,050 0.24
Link REIT 3,999,300 274,551,945 0.91
Longshine Technology Group-A Szhk Ord 504,600 22,908,532 0.08
Midea Group Co Ltd 478,147 43,268,610 0.14
Ping An Insurance (Group) Company of 
China Limited H Shares HKD1 465,000 26,109,750 0.09
Power Assets Holdings Ltd Ord HKD1 7,424,500 360,830,700 1.20
Prudential Plc Ord HKD 5 120,950 16,074,255 0.05
Sands China Ltd Ord USD0.01 209,200 3,799,072 0.01
Shanghai Jahwa United Co Ord CNY1 Cc 758,792 37,593,079 0.12
Swire Properties Ltd Ord HKD1 1,731,000 33,823,740 0.11
Techtronic Industries Co Ltd 312,000 48,422,400 0.16
Tencent Hldgs Ltd HKD0.0002 380,200 173,675,360 0.58
Thunder Software Technolog-A Ord Cny 1 
Szhk 233,700 39,660,105 0.13
Toly Bread Co Ltd Cc Ord CNH1 931,143 32,421,345 0.11
Tsingtao Brewery Co Ltd 'H' Shares 1,254,000 91,542,000 0.30
Xiamen Faratronic Co Ltd Ord CNY 1 Cc 137,300 39,120,371 0.13
Yum China Holdings Inc Ord 
USD0.010000000 81,900 31,334,940 0.10
Zhejiang Sanhua Co Ltd-A Ord Cny 1 Szhk 1,952,333 60,557,888 0.20
Zijin Mining Group Company Limited H 
Shares 2,096,000 19,450,880 0.06
INDIA 印度 1,886,431,678 6.25
Bharti Airtel Ltd Ord INR5 (Demat) (Nse) 908,841 65,179,107 0.22
Brookfield India Real Estate REIT Ord Npv 2,865,164 89,226,727 0.30
Cipla Ltd Ord INR2% 554,140 54,869,234 0.18
Embassy Office Parks REIT 3,893,600 138,691,159 0.46
HDFC Bank Limited Ord INR1 394,661 61,235,212 0.20
Hindustan Petroleum Corp Ord 1,219,026 37,377,260 0.12
ICICI Prudential Life Insurance Company 
Limited Ord Npv 965,921 56,812,122 0.19
India Grid Trust 24,198,426 370,841,373 1.23
Infosys Ltd Ord INR5 232,784 46,088,121 0.15
IRB Infrastructure 10,722,632 61,829,756 0.20
NTPC Ltd Ord INR10.000000000 23,827,828 310,882,472 1.03
Power Grid Corp of India Ltd Ord 9,660,290 207,091,586 0.69
Powergrid Infra Invit Dm 17,018,145 215,896,398 0.71
Reliance Industries Ltd Ord INR10 169,967 42,214,847 0.14
Tech Mahindra Ltd Ord INR5 344,838 64,757,932 0.21
Wipro Ltd Ord INR2.000000000 825,354 61,922,751 0.21
Zomato Ltd Ord Inr1 105,175 1,515,621 0.01
施罗德亚洲高息股债基金 34
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
Country/Territory
国家╱地區
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 24,722,408 0.08
Astra International Tbk Pt Ord IDR50 7,929,000 24,722,408 0.08
JAPAN 日本 143,573,588 0.47
Advance Residence Investment Corp REIT 
Npv 230 5,917,213 0.02
AEON REIT Investment Corp REIT Npv 1,085 11,833,985 0.04
Daiwa House REIT Investment Corp REIT 
Npv 422 9,956,827 0.03
Daiwa Office Investment Corp REIT Npv 142 6,729,644 0.02
Daiwa Securities Living Inve REIT Ord Npv 1,104 8,857,133 0.03
Frontier Real Estate Investment 
Corporation 189 6,359,514 0.02
Fukuoka REIT Corp Ord Npv 462 5,217,275 0.02
GLP J-REIT Npv 987 13,291,001 0.04
Japan Excellent Inc REIT Npv 658 5,938,295 0.02
Japan Hotel REIT Investment Ord Npv 1,409 5,361,089 0.02
Japan Metropolitan Fund Investment 
Corporation Ord Npv 1,467 9,842,593 0.03
Kenedix Office Investment Corporation 
Ord Npv 212 10,204,958 0.03
Nippon Accommodations Fund Inc REIT 106 4,758,008 0.02
Nippon Building Fund Inc 315 14,288,647 0.05
Nomura Real Estate Master Fund – REIT 920 10,077,947 0.03
Premier Investment Company Npv 969 10,181,722 0.03
Sekisui House REIT Inc – REIT 820 4,757,737 0.02
NeW ZeALAND 新西兰 304,444,278 1.01
Contact Energy Ltd 1,114,331 48,178,845 0.16
Spark New Zealand Ltd Ord Npv 10,621,710 256,265,433 0.85
SINGAPORe 新加坡 2,116,004,348 7.01
Ascendas Real Estate Investment Trust 14,520,994 247,724,345 0.82
Capitaland Integrated Commercial Trust 
REIT Ord Npv 31,666,185 373,573,652 1.24
DBS Group Holdings Ltd Ord Npv 463,400 87,523,069 0.29
Frasers Centrepoint Trust REIT Npv 26,094,954 348,593,144 1.16
Mapletree Commercial Trust REIT Npv 22,869,451 264,506,325 0.88
Mapletree Industrial Trust REIT Npv 14,275,120 223,717,205 0.74
Mapletree Logistics Trust REIT Npv 15,767,395 173,246,263 0.57
Mapletree North Asia Commercial REIT 46,628,700 299,313,712 0.99
Oversea-Chinese Banking Corp Ltd Ord 
SGD0.5 913,193 60,202,947 0.20
Singapore Telecommunications Ltd Ord 
Npv 2,802,800 37,603,686 0.12
35 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
Country/Territory
国家╱地區
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 1,757,384,263 5.82
Hana Financial Holdings Ord Npv 568,334 156,735,600 0.52
LG Chemical Ord KRW5000 22,780 91,881,240 0.30
LG Electronics Inc 81,512 73,773,204 0.24
Lotte REIT Co Ltd Ord Npv 2,967,501 108,014,453 0.36
NAVER Corp Ord KRW100 147,056 365,045,202 1.21
NCSoft Corporation 6,005 25,323,399 0.08
POSCO Ord KRW5000 30,246 54,451,307 0.18
Samsung Electronics Co Ltd Ord KRW100 1,348,561 692,516,891 2.30
SK Bioscience Co Ltd Ord 
KRW500.000000000 6,492 9,579,857 0.03
SK Square Co Ltd Ord KRW500 97,588 42,497,415 0.14
SK Telecom Company Limited 362,271 137,565,695 0.46
TAIWAN 台湾 1,979,295,490 6.55
ASE Technology Holding Co Ltd Ord TWD10 5,519,000 165,629,036 0.55
ASUSTek Computer Inc 2,673,000 283,213,060 0.94
Giant Manufacturing Co Ltd Ord TWD10 635,000 61,733,271 0.20
Mediatek Inc 1,322,000 443,307,306 1.47
Nien Made Enterprise Co Ltd Ord Twd10 234,000 27,199,836 0.09
Novatek Microelectronics Corp Ltd 4,057,000 616,197,944 2.04
Realtek Semiconductor Corp 240,000 39,225,249 0.13
Taiwan Semiconductor Mfg Co. Ltd 1,978,000 342,789,788 1.13
THAILAND 泰国 261,751,585 0.87
Electricity Generating Pcl Ord Nvdr THB10 2,291,700 93,866,787 0.31
Land and Houses Pcl Ord Nvdr THB1 81,743,200 167,884,798 0.56
UNITeD STATeS OF
AMeRICA 美国 90,120,057 0.30
ICICI Bank Limited Sponsored Adr (1 Adr 
Represents 2 Ordinary Shares) 492,764 76,027,955 0.25
Vipshop Hldgs Ltd Sponsored Adr 
USD0.0001 215,183 14,092,102 0.05
UNLISTeD INVeSTMeNT FUNDS
非上市投资基金
HONG KONG 香港 1,197,193,207 3.96
Schroder Umbrella Fund II – Schroder 
China Asset Income Fund – USD Class I 
Acc 9,103,470 1,197,193,207 3.96
LUXeMBOURG 卢森堡 1,224,554,507 4.06
Schroder International Selection Fund 
– Asian Equity Yield USD Class I Acc 2,176,472 921,181,949 3.05
Schroder International Selection Fund 
– Emerging Multi Asset Income – USD 
Class I Acc 305,533 303,372,558 1.01
施罗德亚洲高息股债基金 36
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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
上市债务证券
HONG KONG DOLLAR 
港元 20,030,600 0.07
Link 2019 Cb Ltd (Reg) (Reg S) 1.6% Conv
03Apr2024 20,000,000 20,030,600 0.07
ReNMINBI 人民币 264,339,501 0.88
Bank of China/Hong Kong Ser Emtn (Reg) 
(Reg S) 2.8% 14Jan2023 4,650,000 5,691,000 0.02
Chengdu Rail Transit Ser Mtn (Reg) 4.4% 
06Mar2024 (Interbank) 15,000,000 18,914,298 0.06
China Development Bank (Regs) 4.3% 
02Aug2032 4,000,000 5,306,597 0.02
China Development Bk/HK Ser Emtn (Reg) 
(Reg S) 2.65% 18Jun2024 26,000,000 31,789,565 0.11
China Resources Land Ltd Ser Mtn (Reg) 
5.23% 04Apr2023 (Interbank) 30,000,000 37,728,595 0.13
Chongqing Rail Transit G Ser Mtn (Reg) 
4.09% 20Sep2024 (Interbank) 10,000,000 12,556,675 0.04
CIFI Holdings Group (Reg) (Reg S) 5.85% 
19Aug2023 10,000,000 11,647,156 0.04
Guangzhou Plc Trans Ser Inbk (Reg) Var 
21Sep2026 (Interbank) 30,000,000 37,257,576 0.12
Hubei Communications Inv Ser Mtn (Reg) 
3.95% 11Dec2024 (Interbank) 30,000,000 37,711,750 0.13
Nanjing Metro Ser Inbk (Reg) 3.98% 
19Sep2024 (Interbank) 5,000,000 6,284,111 0.02
SH Powerlong Ind Dev Ser Mtn (Reg) Var 
27Aug2023 (Interbank) 20,000,000 21,720,672 0.07
Shenzhen Energy Group Co Ser Inbk (Reg) 
Var 24Jun2029 (Interbank) 10,000,000 12,592,712 0.04
Wuhan Metro Ser Mtn (Reg) Var 
30Jul2033(Interbank) 20,000,000 25,138,794 0.08
UNITeD STATeS DOLLAR
美元 10,572,846,548 35.01
JD.com Inc 4.125% 14Jan2050 5,500,000 45,511,603 0.15
10 Renew Power Subsidiar Ser Regs (Reg) 
(Reg S) 4.5% 14Jul2028 1,973,000 15,437,514 0.05
AAC Technologies Holding (Reg) (Reg S) 
2.625% 02Jun2026 732,000 5,609,212 0.02
AAC Technologies Holding (Reg) (Reg S) 
3.75% 02Jun2031 1,760,000 13,621,088 0.04
Abu Dhabi Crude Oil Ser Regs (Reg) 4.6% 
02Nov2047 2,500,000 23,099,657 0.08
37 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Aegea Finance Sarl Ser Regs (Reg) (Reg S) 
5.75% 10Oct2024 4,299,000 34,464,972 0.11
AI Candelaria Spain Ser Regs (Reg) (Regs) 
7.5% 15Dec2028 5,000,000 41,720,145 0.14
AI Candelaria Spain Slu Ser Regs (Reg) 
(Reg S) 5.75% 15Jun2033 2,967,000 22,412,344 0.07
AIA Group Ltd Ser Gmtn (Reg) (Reg S) Var 
Perp 31Dec2049 4,500,000 34,983,362 0.12
AIA Group Ltd Ser Regs (Reg) (Reg S) 3.2% 
16Sep2040 3,085,000 24,739,629 0.08
AIA Group Ltd Ser Regs (Reg) (Reg S) 3.6% 
09Apr2029 8,200,000 69,826,340 0.23
AIA Group Ltd Ser Regs (Reg) (Reg S) 3.9% 
06Apr2028 935,000 8,057,129 0.03
AIA Group Ltd Ser Regs (Regs) 4.5% 
16Mar2046 5,500,000 53,914,642 0.18
AIA Group Ltd Ser Regs 4.875% 
11Mar2044 800,000 8,157,933 0.03
Al Ahli Bank of Kuwai (Reg S) Var Perp 
31Dec2049 6,500,000 53,488,972 0.18
Alibaba Group Holding (Reg) 2.125% 
09Feb2031 2,020,000 15,218,061 0.05
Alibaba Group Holding 2.7% 09Feb2041 1,569,000 11,180,384 0.04
Alibaba Group Holding 3.15% 09Feb2051 4,000,000 29,267,763 0.10
Alibaba Group Holding 3.25% 09Feb2061 1,147,000 8,256,120 0.03
Axiata Spv2 Bhd Ser Emtn (Reg S) 2.163% 
19Aug2030 4,500,000 34,752,163 0.11
Azure Power Energy Ltd Ser Regs (Reg) 
(Reg S) 3.575% 19Aug2026 2,500,000 19,720,799 0.06
Azure Power Solar Energy Ser Regs (Reg) 
(Reg S) 5.65% 24Dec2024 1,918,000 15,747,698 0.05
Baidu Inc (Reg) 2.375% 23Aug2031 3,000,000 22,585,865 0.07
Banco Internac Del Peru Ser Regs (Reg) 
(Reg S) Var 08Jul2030 5,005,000 38,824,013 0.13
Bank Mandiri Pt Ser Emtn (Reg S) 2% 
19Apr2026 1,410,000 10,899,894 0.04
Bank Mandiri Pt Ser Emtn (Reg) (Reg S) 
4.75% 13May2025 2,000,000 17,028,678 0.06
Bank of Communication HK (Reg) (Regs) 
Var 08Jul2031 7,220,000 54,956,637 0.18
BBVA Banco Continental Ser Regs Var 
22Sep2029 4,239,000 34,752,001 0.11
施罗德亚洲高息股债基金 38
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
BDO Unibank Inc Ser Emtn (Reg) (Reg S) 
2.125% 13Jan2026 7,347,000 57,526,462 0.19
Bharti Airtel Ltd Ser Regs (Regs) 3.25% 
03Jun2031 3,000,000 23,669,976 0.08
Bj State-Owned Ast HK (Regs) 4.125% 
26May2025 11,000,000 89,906,191 0.30
Blossom Joy Ltd (Reg) (Reg S) Var Perp 
31Dec2049 4,463,000 35,402,023 0.12
Braskem Netherlands Ser Regs (Reg) 
(Reg S) Var 23Jan2081 8,229,000 74,675,371 0.25
Burgan Bank (Reg S) Var Perp 31Dec2049 4,000,000 31,486,293 0.10
Burgan Bank (Reg) (Reg S) Var 15Dec2031 7,500,000 53,078,185 0.18
CAS Capital No1 Ltd (Reg) (Reg S) Var Perp 
31Dec2049 5,362,000 42,002,746 0.14
Castle Peak Pwr Fin Co Ser Emtn (Reg) 
(Reg S) 2.2% 22Jun2030 2,863,000 22,165,343 0.07
CCTI 2017 Ltd (Reg) (Reg S) 3.625% 
08Aug2022 6,000,000 47,047,334 0.16
CDBL Funding (Regs) 4.25% 02Dec2024 11,000,000 91,136,151 0.30
CDBL Funding 1 Ser Emtn (Reg) (Reg S) 
3.5% 24Oct2027 5,000,000 40,702,494 0.13
Celestial Dynasty Ltd (Reg S) 4.25% 
27Jun2029 4,892,000 38,525,776 0.13
Cemex Sab De Cv Ser Regs (Reg) (Reg S) 
3.875% 11Jul2031 2,121,000 16,501,475 0.05
Cemex Sab De Cv Ser Regs (Reg) (Reg S) 
Var Perp 31Dec2049 2,650,000 21,419,354 0.07
Charming Light Inv Ser Emtn (Regs) 5% 
03Sep2024 2,500,000 20,926,673 0.07
China Cinda Finance 2015 Ser Regs 4.25% 
23Apr2025 2,759,000 22,730,834 0.08
China Cinda Finance 2017 (Reg) (Regs) 
4.1% 09Mar2024 15,000,000 121,526,853 0.40
China Construction Bank (Reg) (Reg S) Var 
24Jun2030 6,033,000 47,683,362 0.16
China Construction Bank (Reg) (Reg S) Var 
27Feb2029 6,000,000 49,194,996 0.16
China Hongqiao Group Ltd (Reg) (Reg S) 
6.25% 08Jun2024 2,941,000 22,709,145 0.07
China Oil & Gas Group (Reg) (Reg S) 4.7% 
30Jun2026 2,626,000 20,730,697 0.07
39 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
China Oil and Gas Group (Reg) (Reg S) 
5.5% 25Jan2023 6,607,000 52,051,011 0.17
China Resources Land Ltd Ser Emtn (Reg) 
(Reg S) 3.75% 26Aug2024 2,600,000 21,143,912 0.07
China Resources Land Ltd Ser Emtn (Reg) 
(Reg S) 4.125% 26Feb2029 1,918,000 16,263,437 0.05
China Resources Land Ltd Ser Emtn (Reg) 
(Reg S) Var Perp 31Dec2049 5,232,000 41,987,027 0.14
China SCE Grp Hldgs Ltd (Reg) (Reg S) 
5.95% 29Sep2024 900,000 5,843,370 0.02
China SCE Grp Hldgs Ltd (Reg) (Reg S) 6% 
04Feb2026 2,500,000 15,602,228 0.05
China SCE Grp Hldgs Ltd (Reg) (Reg S) 
7.25% 19Apr2023 3,000,000 20,816,121 0.07
Cibanco Sa Ins De Banca Ser Regs (Reg) 
(Reg S) 4.375% 22Jul2031 2,294,000 17,163,690 0.06
CICC HK Finance 2016 Mtn Ser Emtn (Reg) 
(Reg S) 1.625% 26Jan2024 5,000,000 38,756,538 0.13
CICC HK Finance 2016 Mtn Ser Emtn (Reg) 
(Reg S) 2% 26Jan2026 7,000,000 54,404,320 0.18
CIFI Holdings Group (Reg) (Reg S) 4.375% 
12Apr2027 7,788,000 55,875,357 0.18
CIFI Holdings Group (Reg) (Reg S) 5.25% 
13May2026 1,000,000 7,406,485 0.02
CIFI Holdings Group (Reg) (Reg S) 5.95% 
20Oct2025 4,000,000 30,093,718 0.10
CITIC Ltd Ser Emtn (Reg) (Regs) 3.7% 
14Jun2026 7,500,000 62,200,324 0.21
CK Hutchison Capit 17 Var Perp 
31Dec2049 2,175,000 17,101,765 0.06
CK Hutchison Intl 17 Ltd Ser Regs (Reg) 
3.5% 05Apr2027 15,000,000 125,649,849 0.42
CK Hutchison Intl 20 Ltd Ser Regs (Reg) 
(Reg S) 3.375% 08May2050 1,764,000 15,031,397 0.05
CK Hutchison Intntl 21 Ser Regs (Reg S) 
2.5% 15Apr2031 3,496,000 27,592,120 0.09
CK Hutchison Intntl 21 Ser Regs (Reg S) 
3.125% 15Apr2041 2,305,000 18,549,687 0.06
CLP Power HK Financing Ser Emtn (Reg) 
(Reg S) 2.5% 30Jun2035 3,516,000 27,154,970 0.09
CMB International Leasin Ser Emtn (Reg) 
(Reg S) 2% 04Feb2026 1,772,000 13,672,362 0.05
施罗德亚洲高息股债基金 40
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
CMB International Leasin Ser Emtn (Reg) 
(Reg S) 2.875% 04Feb2031 6,000,000 46,309,648 0.15
CMT MTN Pte Ltd Ser Emtn (Reg S) (Br) 
3.609% 04Apr2029 4,500,000 37,948,712 0.13
CN Ping An Insur Oversea Ser Emtn (Reg) 
(Reg S) 2.85% 12Aug2031 9,243,000 69,157,495 0.23
CNAC HK Finbridge Co Ltd (Reg) (Reg S) 
4.75% 19Jun2049 3,754,000 34,517,163 0.11
Colombia Telecomunicacio Ser Regs (Regs) 
4.95% 17Jul2030 2,340,000 18,133,973 0.06
Comision Federal De Elec Ser Regs (Reg S) 
3.348% 09Feb2031 5,109,000 39,125,088 0.13
Comision Federal De Elec Ser Regs (Reg S) 
4.677% 09Feb2051 2,612,000 19,197,897 0.06
Contempry Ruidng Develop (Reg) (Reg S) 
1.5% 09Sep2026 1,766,000 13,430,007 0.04
COSCO Pacific Finance (Regs) 4.375% 
31Jan2023 8,000,000 63,005,861 0.21
Country Garden Hldgs (Reg) (Reg S) 
3.125% 22Oct2025 5,289,000 36,506,462 0.12
Country Garden Hldgs (Reg) (Reg S) 4.2% 
06Feb2026 2,500,000 17,900,305 0.06
Country Garden Hldgs (Reg) (Reg S) 5.4% 
27May2025 1,355,000 10,064,986 0.03
Country Garden Hldgs (Reg) (Regs) 5.125% 
17Jan2025 2,491,000 18,497,523 0.06
Dah Sing Bank Ltd Ser Emtn (Reg) (Reg S) 
Var 02Nov2031 1,067,000 8,369,371 0.03
Dar Al-Arkan Sukuk Co 6.875% 26Feb2027 3,000,000 24,204,705 0.08
DBS Group Holdings Ltd Ser Gmtn (Reg) 
(Reg S) Var 10Mar2031 5,497,000 42,400,056 0.14
DBS Group Holdings Ltd Ser Gmtn (Reg) 
(Reg S) Var Perp 31Dec2049 7,000,000 55,659,033 0.18
DBS Group Holdings Ltd Ser Regs (Reg) 
Var 11Dec2028 7,000,000 57,543,750 0.19
Development Bank Philippines (Reg S) 
2.375% 11Mar2031 2,200,000 16,548,938 0.05
DUA Capital Ltd (Reg) (Reg S) 2.78% 
11May2031 4,000,000 31,079,389 0.10
Eastern Creation II Inve Ser Emtn (Reg) 
(Reg S) 1% 10Sep2023 417,000 3,224,805 0.01
41 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Elect Global Inv Ltd (Reg) (Reg S) 4.85% 
Perp 31Dec2049 6,555,000 51,753,777 0.17
Empresa De Los Ferrocarr Ser Regs (Reg S) 
3.068% 18Aug2050 1,235,000 8,302,403 0.03
Empresa De Transporte Me Ser Reg S 
(Reg) 5% 25Jan2047 4,300,000 39,103,337 0.13
Empresa De Transporte Me Ser Regs 
(Reg S) 3.65% 07May2030 1,272,000 10,561,492 0.03
Empresa De Transporte Me Ser Regs 
(Reg S) 4.7% 07May2050 2,305,000 20,918,527 0.07
Equate Petrochemical Bv Ser Regs (Reg) 
(Regs) 4.25% 03Nov2026 2,905,000 24,677,739 0.08
Export-Import Bk India Ser Regs (Reg S) 
3.25% 15Jan2030 6,000,000 47,693,896 0.16
Fortune Star Bvi Ltd (Reg) (Reg S) 5% 
18May2026 5,028,000 37,966,963 0.13
Foxconn Far East Ltd (Reg) (Reg S) 2.5% 
28Oct2030 3,743,000 29,089,191 0.10
Galaxy Pipeline Assets Ser Regs (Reg S) 
2.625% 31Mar2036 3,000,000 22,903,697 0.08
Globe Telecom Inc (Reg) (Reg S) 2.5% 
23Jul2030 4,000,000 29,695,327 0.10
Globe Telecom Inc (Reg) (Reg S) 3% 
23Jul2035 4,000,000 28,658,388 0.09
Globe Telecom Inc (Reg) (Reg S) Var Perp 
31Dec2049 3,000,000 24,062,266 0.08
Globo Communicacoes Part Ser Regs 
(Regs) Stp 08June2025 670,000 5,351,419 0.02
Gnl Quintero Sa Ser Regs (Reg) (Regs) 
4.634% 31Jul2029 3,900,000 30,415,059 0.10
Great Wall Intl V (Reg) (Reg S) 2.375% 
18Aug2030 7,000,000 51,689,913 0.17
Greenko Dutch Bv Ser Regs (Reg S) 3.85% 
29Mar2026 4,381,000 34,080,619 0.11
Greenko Mauritius Ltd Ser Regs (Reg) 
(Reg S) 6.25% 21Feb2023 7,500,000 59,776,415 0.20
Greenko Power II Ltd Ser Regs (Reg S) 
4.3% 13Dec2028 1,879,000 14,923,921 0.05
Greenko Solar Mauritius Ser Regs (Reg) 
(Reg S) 5.55% 29Jan2025 2,804,000 22,214,971 0.07
Grupo Televisa Sab (Reg) 5.25% 
24May2049 2,000,000 19,569,882 0.06
施罗德亚洲高息股债基金 42
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Guara Norte Sarl Ser Regs (Reg S) 5.198% 
15Jun2034 1,108,000 8,155,760 0.03
Gz Mtr Fin BVI Ser Emtn (Reg) (Reg S) 
1.507% 17Sep2025 5,978,000 45,741,875 0.15
Gz Mtr Fin BVI Ser Emtn (Reg) (Reg S) 
2.31% 17Sep2030 6,000,000 44,384,367 0.15
Haitong Intl Securities (Reg) (Reg S) 
3.125% 18May2025 4,590,000 36,682,469 0.12
Haitong Intl Securities (Reg) (Reg S) 
3.375% 19Jul2024 3,000,000 24,225,404 0.08
Halcyon Agri Corp Ltd (Reg) (Reg S) Var 
Perp 31Dec2049 3,500,000 27,115,142 0.09
HDFC Bank Ltd Ser Regs (Reg S) Var Perp 
31Dec2049 3,000,000 23,388,900 0.08
HKT Capital No 4 Ltd (Reg) (Regs) 3% 
14Jul2026 2,039,000 16,619,874 0.05
Hong Kong (Govt of) Ser Regs (Reg) (Reg S) 
2.375% 02Feb2051 7,000,000 51,301,182 0.17
HongKong Land Finance Ser Emtn (Reg) 
(Reg S) 2.25% 15Jul2031 2,180,000 16,777,791 0.06
HPHT Finance 21 II Ltd (Reg S) (Br) 1.5% 
17Sep2026 3,739,000 28,452,273 0.09
HSBC Holdings Plc (Reg) Var Perp 
29Mar2049 2,900,000 24,432,821 0.08
Huarong Finance 2017 Co (Reg) (Reg S) 
Frn 27Apr2022 11,234,000 87,425,984 0.29
Huarong Finance 2017 Co Ser Emtn (Reg) 
(Regs) Frn 07Nov2022 3,526,000 27,077,407 0.09
Hyundai Motor Manu Indo Ser Emtn (Reg) 
(Reg S) 1.75% 06May2026 443,000 3,401,150 0.01
ICBCIL Finance Co Ltd Ser Emtn (Reg S) 
3.625% 15Nov2027 5,000,000 41,326,393 0.14
ICTSI Treasury 5.875% 17Sep2025 8,000,000 71,445,293 0.24
Iindonesia(Rep of) Ser Regs (Reg) (Reg S) 
3.85% 18Jul2027 1,500,000 12,808,112 0.04
India Green Power Hold Ser Regs (Reg S) 
4% 22Feb2027 10,000,000 78,742,630 0.26
Indian Oil Corp Ltd (Reg) (Reg S) 4.75% 
16Jan2024 4,000,000 32,989,264 0.11
Indian Railway Finance Ser Regs (Reg S) 
3.249% 13Feb2030 6,000,000 47,554,920 0.16
43 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Indonesia (Rep of) (Reg) 3.4% 18Sep2029 6,000,000 50,563,340 0.17
Indonesia (Rep of) (Reg) 3.5% 11Jan2028 3,000,000 25,256,036 0.08
Indonesia (Rep of) (Reg) 3.7% 30Oct2049 8,500,000 70,466,066 0.23
Indonesia (Rep of) 2.85% 14Feb2030 11,097,000 90,249,725 0.30
Indonesia (Rep of) 4.35% 08Jan2027 5,000,000 43,440,009 0.14
Indonesia (Rep of) Ser Regs (Reg S) 1.5% 
09Jun2026 5,000,000 38,876,250 0.13
Indonesia (Rep of) Ser Regs (Reg S) 2.55% 
09Jun2031 6,253,000 49,453,730 0.16
Indonesia (Rep of) Ser Regs (Reg S) 3.55% 
09Jun2051 7,000,000 55,872,964 0.18
Indonesia (Rep of) Ser Regs (Regs) 4.75% 
08Jan2026 5,500,000 47,924,955 0.16
Indonesia (Rep of) Ser Regs 4.625% 
15Apr2043 2,000,000 18,326,762 0.06
Inkia Energy Ltd Ser Regs (Reg) (Regs) 
5.875% 09Nov2027 3,354,000 26,839,510 0.09
IOCHPE-Max/Max Wheels Mx Ser Regs 
(Reg S) 5% 07May2028 3,182,000 24,316,880 0.08
JMH Co Ltd (Reg) (Reg S) 2.5% 09Apr2031 2,611,000 20,511,823 0.07
JMH Co Ltd (Reg) (Reg S) 2.875% 
09Apr2036 1,550,000 12,287,704 0.04
Joy Trsr Assets Hld (Reg) (Reg S) 1.875% 
17Nov2025 1,374,000 10,497,049 0.03
Joy Trsr Assets Hld (Reg) (Reg S) 2.75% 
17Nov2030 743,000 5,537,734 0.02
JSW Hydro Energy Ltd Ser Regs (Reg) 
(Reg S) 4.125% 18May2031 3,000,000 22,548,057 0.07
Jsw Steel Ltd Ser Regs (Reg) (Reg S) 5.05% 
05Apr2032 2,285,000 17,552,877 0.06
Kasikornbank Pcl Hk Ser Emtn (Reg S) Var 
Perp 31Dec2049 7,525,000 58,772,758 0.19
Kia Corp Ser Regs (Reg S) 1.75% 
16Oct2026 1,985,000 15,299,016 0.05
Kingdom of Bahrain Ser Regs (Reg) (Reg S) 
5.45% 16Sep2032 2,202,000 16,701,528 0.06
Kookmin Bank Ser Regs (Reg) (Reg S) 2.5% 
04Nov2030 4,000,000 30,660,291 0.10
Krung Thai Bank/Cayman (Reg S) Var Perp 
31Dec2049 2,372,000 18,631,797 0.06
KWG Group Holdings (Reg S) 7.875% 
01Sep2023 6,500,000 39,020,481 0.13
施罗德亚洲高息股债基金 44
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
KWG Group Holdings (Reg) (Reg S) 6.3% 
13Feb2026 2,069,000 11,533,339 0.04
KWG Group Holdings (Reg) (Reg S) 7.4% 
13Jan2027 1,500,000 8,215,351 0.03
Lamar Funding Ltd Ser Regs (Reg) 3.958% 
07May2025 4,500,000 34,999,220 0.12
Lenovo Group Ltd Ser Emtn (Reg S) 5.875% 
24Apr2025 2,000,000 17,198,108 0.06
Lenovo Group Ltd Ser Regs (Reg S) 3.421% 
02Nov2030 4,000,000 31,467,052 0.10
LG Chem Ltd Ser Regs (Reg S) 2.375% 
07Jul2031 3,000,000 23,027,226 0.08
Li & Fung Ltd Ser Emtn (Reg) (Reg S) 
4.375% 04Oct2024 4,000,000 32,037,273 0.11
LLPL Capital Pte Ltd Ser Regs (Reg) 6.875% 
04Feb2039 3,989,000 31,809,296 0.11
Logan Group Co Ltd (Reg) (Reg S) 4.25% 
12Jul2025 5,000,000 35,862,980 0.12
Logan Group Co Ltd (Reg) (Reg S) 4.85% 
14Dec2026 1,746,000 12,390,632 0.04
Logan Group Co Ltd (Reg) (Reg S) 5.25% 
19Oct2025 3,058,000 22,118,567 0.07
Longfor Holdings Ltd (Reg) (Reg S) 3.95% 
16Sep2029 4,980,000 40,232,846 0.13
Longfor Properties 3.875% 13Jul2022 8,000,000 62,915,081 0.21
Macquarie Bank Ltd Ser Regs (Reg S) Var 
03Mar2036 4,000,000 30,776,939 0.10
MAF Global Sec Var Perp 29Dec2049 7,366,000 58,358,446 0.19
Malaysia Wakala Sukuk Ser Regs (Reg) 
(Reg S) 3.075% 28Apr2051 3,000,000 23,987,305 0.08
MC Brazil Dwnstrm Ser Regs (Reg) (Reg S) 
7.25% 30Jun2031 3,000,000 23,323,528 0.08
MDGH - GMTN BV Ser Regs (Reg) (Reg S) 
2.5% 07Nov2024 3,000,000 24,116,131 0.08
Medco Bell Pte Ltd Ser Regs (Reg) (Reg S) 
6.375% 30Jan2027 1,515,000 11,793,677 0.04
Medco Laurel Tree Ser Regs (Reg S) 6.95% 
12Nov2028 4,000,000 30,932,974 0.10
Medco Oak Tree Pte Ltd Ser Regs (Reg) 
(Reg S) 7.375% 14May2026 4,023,000 32,501,479 0.11
Metropolitan Bank & Trus Ser Emtn (Reg S) 
2.125% 15Jan2026 6,905,000 54,013,794 0.18
45 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Minejesa Capital Bv Ser Regs (Regs) 
4.625% 10Aug2030 3,000,000 24,108,343 0.08
Minmetals Bounteous Fin (Reg) (Reg S) 
4.2% 27Jul2026 10,000,000 84,180,549 0.28
Minmetals Bounteous Fina (Reg) (Regs) 
4.75% 30Jul2025 3,200,000 27,141,278 0.09
Minor International Pcl (Reg) (Reg S) Var 
Perp 31Dec2049 3,495,000 27,062,782 0.09
MTR Corp Ltd Ser Emtn (Reg) (Reg S) 
1.625% 19Aug2030 2,452,000 18,492,048 0.06
Muang Thai Life Assuranc (Reg) (Reg S) 
Var 27Jan2037 2,776,000 21,828,979 0.07
Nan Fung Treasury III (Reg) (Reg S) 5% 
Perp 31Dec2049 4,119,000 32,332,933 0.11
Naver Corp (Reg) (Reg S) 1.5% 29Mar2026 6,569,000 50,453,932 0.17
NBK SPC Ltd Ser Regs (Reg) (Reg S) Var 
15Sep2027 2,000,000 15,229,854 0.05
NBK Tier 2 Ltd (Reg S) Var 24Nov2030 2,558,000 19,992,793 0.07
Nemak Sab De Cv Ser Regs (Reg S) 3.625% 
28Jun2031 2,196,000 16,717,226 0.06
Network I2I Ltd Ser Regs (Reg S) Var Perp 
31Dec2049 2,935,000 22,978,017 0.08
Nippon Life Insurance Ser Regs (Reg S) 
Var 21Jan2051 10,000,000 76,523,803 0.25
NWD Finance (BVI) Ltd (Reg) (Reg S) Var 
Perp 31Dec2049 6,800,000 55,376,651 0.18
NWD Finance (BVI) Ltd (Reg) (Regs) 4.8% 
Perp 29Dec2049 4,277,000 32,156,534 0.11
NWD Mtn Ltd (Reg) (Reg S) 3.75% 
14Jan2031 1,729,000 12,965,818 0.04
NWD Mtn Ltd Ser Emtn (Reg) (Reg S) 4.5% 
19May2030 3,000,000 24,043,321 0.08
Oil & Gas Holding Ser Regs (Regs) 7.5% 
25Oct2027 3,500,000 29,603,093 0.10
Oil India International (Reg) (Reg S) 4% 
21Apr2027 4,000,000 32,753,223 0.11
Oil India Ltd (Reg) (Regs) 5.375% 
17Apr2024 7,000,000 58,802,174 0.19
OQ SAOC Ser Regs (Reg S) (Br) 5.125% 
06May2028 3,500,000 27,797,591 0.09
ORYX Funding Ltd Ser Regs (Reg S) 5.8% 
03Feb2031 2,735,000 22,622,766 0.07
施罗德亚洲高息股债基金 46
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Oversea-Chinese Banking Ser Regs (Reg S) 
Var 10Sep2030 5,000,000 38,701,613 0.13
Panther Ventures Ltd (Reg) (Reg S) 3.5% 
Perp 31Dec2049 1,000,000 7,296,627 0.02
Periama Holdings Llc/De (Reg) (Reg S) 
5.95% 19Apr2026 6,000,000 49,922,905 0.17
Pertamina Persero Ser (Regs) 6.45% 
30May2044 9,000,000 91,934,305 0.30
Pertamina Persero Ser Regs 5.625% 
20May2043 5,000,000 46,239,310 0.15
Perusahaan Listrik Negar 5.25% 
15May2047 5,000,000 43,581,707 0.14
Perusahaan Listrik Negar Ser Regs (Reg S) 
3% 30Jun2030 3,571,000 27,671,734 0.09
Perusahaan Listrik Negar Ser Regs (Reg S) 
4% 30Jun2050 2,906,000 22,027,003 0.07
Perusahaan Listrik Negar Ser Regs (Reg) 
(Reg S) 4.875% 17Jul2049 2,028,000 16,961,218 0.06
Perusahaan Penerbit Sbsn Ser Regs (Reg) 
(Reg S) 4.15% 29Mar2027 8,000,000 69,176,258 0.23
Perusahaan Penerbit Sbsn Ser Regs (Reg) 
4.45% 20Feb2029 9,000,000 80,203,345 0.27
Petronas Capital Ltd Ser Regs (Reg S) 
2.48% 28Jan2032 15,000,000 117,556,471 0.39
Petronas Capital Ltd Ser Regs (Reg) (Reg S) 
3.5% 21Apr2030 4,000,000 33,746,815 0.11
Philippines (Rep of) (Reg) 2.457% 
05May2030 2,479,000 19,972,048 0.07
PLDT Inc (Reg) (Reg S) 3.45% 23Jun2050 3,900,000 30,648,632 0.10
Poly Real Estate Finance 3.95% 05Feb2023 1,000,000 7,907,904 0.03
Powerlong Real Estate (Reg S) 6.95% 
23Jul2023 3,841,000 27,051,856 0.09
Powerlong Real Estate (Reg) (Reg S) 6.25% 
10Aug2024 4,559,000 30,709,545 0.10
Powerlong Real Estate (Reg) (Reg S) 
7.125% 08Nov2022 3,134,000 22,530,959 0.07
Prudential Plc (Reg) (Reg S) Var 
03Nov2033 3,000,000 23,222,839 0.08
PT Pertamina (Persero) Ser Regs (Reg S) 
4.7% 30Jul2049 4,800,000 41,065,744 0.14
PT Pertamina (Persero) Ser Regs (Reg) 
(Reg S) 1.4% 09Feb2026 3,656,000 27,724,905 0.09
47 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
PT Pertamina (Persero) Ser Regs (Reg) 
(Reg S) 2.3% 09Feb2031 3,656,000 27,282,421 0.09
PT Pertamina (Persero) Ser Regs (Reg) 
(Reg S) 3.65% 30Jul2029 1,716,000 14,233,762 0.05
PTTEP Treasury Center Co Ser Regs (Reg S) 
3.903% 06Dec2059 424,000 3,504,366 0.01
PTTEP Treasury Center Co Ser Regs (Reg) 
(Reg S) 2.993% 15Jan2030 6,500,000 52,897,938 0.17
Radiance Holdings Grp (Reg) (Reg S) 7.8% 
20Mar2024 3,054,000 19,881,267 0.07
Reliance Industries 6.25% 19Oct2040 1,800,000 19,906,637 0.07
Reliance Industries Ltd Ser Regs 4.875% 
10Feb2045 7,000,000 68,513,144 0.23
Renew Power Pvt Ltd Ser Regs (Reg) 
(Reg S) 5.875% 05Mar2027 4,000,000 32,502,775 0.11
Renew Power Synthetic Ser Regs (Reg) 
(Reg S) 6.67% 12Mar2024 4,893,000 39,596,893 0.13
Republic of Indonesia (Reg) 4.1% 
24Apr2028 2,000,000 17,411,352 0.06
Republic of Indonesia (Reg) 5.35% 
11Feb2049 4,000,000 41,102,374 0.14
Republic of Philippines (Reg) 1.648% 
10Jun2031 4,331,000 32,706,171 0.11
Republic of Philippines (Reg) 2.65% 
10Dec2045 13,614,000 100,525,889 0.33
Republic of Philippines (Reg) 3% 
01Feb2028 4,500,000 37,702,041 0.12
Republic of Philippines (Reg) 3.75% 
14Jan2029 4,400,000 38,696,860 0.13
Rizal Commercial Banking (Reg) (Reg S) 
Var Perp 31Dec2049 2,000,000 15,950,856 0.05
Ronshine China (Reg) (Reg S) 10.5% 
01Mar2022 4,586,000 23,061,221 0.08
Santos Finance Ltd Ser Emtn (Br) (Reg S) 
4.125% 14Sep2027 9,000,000 74,158,063 0.25
Scentre Group Trust 1/2 Ser Regs (Reg) 
(Reg S) 4.375% 28May2030 7,804,000 69,566,598 0.23
Shimao Group Holdings Lt (Reg) (Reg S) 
3.45% 11Jan2031 2,470,000 11,210,804 0.04
Shimao Group Holdings Lt (Reg) (Reg S) 
3.975% 16Sep2023 1,750,000 9,175,271 0.03
施罗德亚洲高息股债基金 48
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Shinhan Bank Ser Regs (Reg) (Reg S) 4% 
23Apr2029 2,324,000 20,011,143 0.07
Shinhan Bank Ser Regs 3.875% 
24Mar2026 16,000,000 133,462,240 0.44
Shinhan Financial Group Ser Regs (Reg) 
(Reg S) 1.35% 10Jan2026 7,000,000 53,868,048 0.18
Siam Commercial Bank Cay Ser Gmtn 
(Reg) (Reg S) 4.4% 11Feb2029 6,000,000 53,293,573 0.18
SIHC International Capital (Reg) (Reg S) 
4.35% 26Sep2023 2,000,000 16,226,860 0.05
Simpar Europe Sa Ser Regs (Reg) (Reg S) 
5.2% 26Jan2031 4,066,000 29,605,987 0.10
Sinochem Offshore Capita Ser Emtn (Reg) 
(Reg S) 2.25% 24Nov2026 4,152,000 32,401,281 0.11
Sinopec Grp Dev 2018 Ser Regs (Reg S) 
3.44% 12Nov2049 8,000,000 64,405,172 0.21
Sinopec Grp Overseas Dev Ser Regs (Reg) 
(Regs) 4.25% 03May2046 4,000,000 36,046,411 0.12
SK Battery America Inc (Reg) (Reg S) 
1.625% 26Jan2024 2,000,000 15,506,061 0.05
SK Battery America Inc (Reg) (Reg S) 
2.125% 26Jan2026 3,000,000 22,921,707 0.08
SK Hynix Inc Ser Regs (Reg) (Reg S) 1.5% 
19Jan2026 2,409,000 18,395,040 0.06
SK Hynix Inc Ser Regs (Reg) (Reg S) 2.375% 
19Jan2031 764,000 5,738,635 0.02
SMC Global Power Hldgs (Reg) (Reg S) Var 
Perp 31Dec2049 2,494,000 20,221,731 0.07
Softbank Group Corp (Reg) (Regs) Var 
Perp 29Dec2049 849,000 6,583,481 0.02
SPIC Lux Latam Re Ener Ser 5Yr (Reg S) 
4.65% 30Oct2023 2,900,000 23,702,564 0.08
Star Energy Co Issue Ser Regs (Reg) (Reg S) 
4.85% 14Oct2038 2,705,000 23,370,715 0.08
State Grid Overseas Inv Ser Emtn (Reg) 
(Reg S) 1.625% 05Aug2030 2,781,000 20,689,386 0.07
Summit Digitel Infrastr Ser Regs (Reg) 
(Reg S) 2.875% 12Aug2031 4,000,000 30,080,012 0.10
Sun Hung Kai Prop (Cap) Ser Emtn (Reg) 
(Reg S) 2.75% 13May2030 5,000,000 39,972,059 0.13
Sun Hung Kai Prop (Cap) Ser Emtn (Reg) 
(Reg S) 2.875% 21Jan2030 2,700,000 21,819,283 0.07
49 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
Sun Hung Kai Prop (Cap) Ser Emtn (Reg) 
(Reg S) 3.75% 25Feb2029 2,000,000 17,039,281 0.06
Sunac China Holdings Ltd (Reg) (Reg S) 
5.95% 26Apr2024 1,400,000 7,067,346 0.02
Sunac China Holdings Ltd (Reg) (Reg S) 
7.5% 01Feb2024 4,230,000 21,518,373 0.07
Sunac China Holdings Ltd 7% 09Jul2025 2,317,000 11,560,977 0.04
TCL Technology Invest (Reg) (Reg S) 
1.875% 14Jul2025 1,483,000 11,310,268 0.04
Tencent Holdings Ltd Ser Regs (Reg S) 
2.39% 03Jun2030 4,565,000 34,902,669 0.12
Tencent Holdings Ltd Ser Regs (Reg S) 
3.24% 03Jun2050 2,567,000 18,926,241 0.06
Tencent Holdings Ltd Ser Regs (Reg) 
(Regs) 3.595% 19Jan2028 14,493,000 120,018,791 0.40
ThaiOil Trsry Center Ser Regs (Reg S) 2.5% 
18Jun2030 4,000,000 29,219,285 0.10
ThaiOil Trsry Center Ser Regs (Reg S) 
3.75% 18Jun2050 2,000,000 13,799,833 0.05
Times China Hldg Ltd (Reg) (Reg S) 6.75% 
16Jul2023 3,140,000 18,482,688 0.06
Towngas Finance Ltd (Reg) (Reg S) Var 
Perp 31Dec2049 9,200,000 75,721,096 0.25
Trust F/1401 Ser Regs (Reg) (Reg S) 4.869% 
15Jan2030 7,745,000 63,865,197 0.21
Trust F/1401 Ser Regs (Reg) (Reg S) 6.39% 
15Jan2050 9,355,000 85,261,027 0.28
TSMC Arizona Corp (Reg) 3.125% 
25Oct2041 839,000 6,823,223 0.02
TSMC Arizona Corp 3.25% 25Oct2051 1,182,000 9,733,491 0.03
TSMC Global Ltd Ser Regs (Reg S) 2.25% 
23Apr2031 5,000,000 38,646,766 0.13
Ultratech Cement Ltd Ser Regs (Reg) 
(Reg S) 2.8% 16Feb2031 2,000,000 15,068,205 0.05
Unigel Luxembourg Sa Ser Regs (Reg S) 
8.75% 01Oct2026 2,500,000 20,680,660 0.07
United Overseas Bank Ltd Ser Emtn (Reg) 
(Reg S) Var Perp 31Dec2049 4,304,000 34,450,698 0.11
United Overseas Bank Ltd Ser Gmtn (Reg) 
(Reg S) Var 16Mar2031 5,000,000 38,486,435 0.13
United Overseas Bank Ltd Ser Regs (Reg) 
(Reg S) Var 14Oct2031 3,228,000 25,019,006 0.08
施罗德亚洲高息股债基金 50
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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）
United Overseas Bank Ltd Ser Regs (Reg) 
(Reg S) Var 15Apr2029 7,000,000 57,173,055 0.19
US Treasury Bill 0% 03Mar2022 6,000,000 46,774,338 0.15
US Treasury Bill 0% 27Jan2022 29,000,000 226,088,517 0.75
Vanke Real Estate HK Ser Emtn (Reg) 
(Reg S) 3.975% 09Nov2027 2,000,000 16,394,231 0.05
Vanke Real Estate HK Ser Emtn (Reg) 
(Reg S) 4.2% 07Jun2024 2,999,000 24,442,395 0.08
Vanke Real Estate HK Ser Emtn (Reg) 
(Reg S) 5.35% 11Mar2024 5,000,000 41,229,680 0.14
Vanke Real Estate HK Ser Emtn (Reg) 
(Reg S) Frn 25May2023 9,303,000 72,085,247 0.24
VM Holding SA Ser Regs 5.375% 
04May2027 2,250,000 18,633,820 0.06
Weichai Intl Hk Energy (Reg) (Reg S) Var 
Perp 29Dec2049 7,000,000 55,430,422 0.18
Wheelock Mtn Bvi Ltd Ser Emtn (Reg) 
(Reg S) 2.375% 25Jan2026 10,000,000 77,752,812 0.26
Xiaomi Best Time Intl Ser Regs (Reg) 
(Reg S) 2.875% 14Jul2031 4,200,000 32,137,541 0.11
Xiaomi Best Time Intl Ser Regs (Reg) 
(Reg S) 4.1% 14Jul2051 1,864,000 14,785,398 0.05
Yan Gang Ltd (Reg) (Reg S) 1.9% 
23Mar2026 3,000,000 23,170,962 0.08
Yanlord Land HK Co Ltd (Reg) (Reg S) 
5.125% 20May2026 3,712,000 28,086,140 0.09
Yanlord Land HK Co Ltd (Reg) (Reg S) 6.8% 
27Feb2024 750,000 5,926,332 0.02
Yieldking Investment Ltd Ser Emtn (Reg) 
(Reg S) 2.8% 18Aug2026 3,213,000 25,080,824 0.08
Zhenro Properties Group (Reg) (Reg S) 
7.35% 05Feb2025 2,078,000 10,408,957 0.03
Zhenro Properties Group (Reg) (Reg S) 
7.875% 14Apr2024 3,500,000 18,009,453 0.06
Zhenro Properties Group (Reg) (Reg S) 
8.3% 15Sep2023 4,666,000 24,964,084 0.08
Zhenro Properties Group (Reg) (Reg S) 
9.15% 06May2023 700,000 3,840,801 0.01
Zhongan Online P&C Insur (Reg) (Reg S) 
3.125% 16Jul2025 7,025,000 53,060,434 0.18
51 Schroder Asian Asset Income Fund
Investment Portfolio (Continued)
基金投资组合（续）
As at 31st December 2021
截至二零二一年十二月三十一日
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
UNLISTeD DeBT SeCURITIeS
非上市债务证券
ReNMINBI 人民币 23,194,497 0.08
Henderson Land Mtn Ltd Ser Emtn (Reg S) 
3.3% 13May2023 19,000,000 23,194,497 0.08
UNITeD STATeS DOLLAR
美元 273,201,888 0.90
Embotelladora Andina Sa Ser Regs (Reg S) 
3.95% 21Jan2050 4,705,000 38,041,011 0.13
Grupo Bimbo Sab De Cv Ser Regs (Reg) 
Var Perp 29Dec2049 7,850,000 63,427,446 0.21
Prumo Participacoes E In Ser 144A (Reg) 
7.5% 31Dec2031 9,924,000 70,147,974 0.23
Scentre Group Trust 2 Ser Regs (Reg S) Var 
24Sep2080-1 12,307,000 101,585,457 0.33
TOTAL INVESTMENTS AT FAIR VALUE
投资总市值 29,066,583,779 96.26
OTHER NET ASSETS
其他净资产 1,128,835,645 3.74
NET ASSETS ATTRIBUTABLE TO UNITHOLDERS AS AT 31ST DECEMBER 2021
截至二零二一年十二月三十一日净资产 30,195,419,424 100.00
TOTAL INVESTMENTS AND FINANCIAL DERIVATIVE INSTRUMENTS AT COST
投资及衍生金融工具以成本計 26,388,043,032
Note: Investments are accounted for on a trade date basis.
注：投资乃以交易日為基準。
施罗德亚洲高息股债基金 52
Investment Portfolio Movements
投资组合变动
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
Holdings
份额数目
Country/Territory
国家╱地區
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
ANZ Banking Group Ltd 176,424 – –
Ausnet Services Ord Npv – 777,084 –
Australian Stock Exchange Ltd – 75,479 –
BHP Group Ltd 186,700 292,509 –
Cochlear Limited 13,731 – –
Coles Group Ltd Ord Npv 605,845 – –
CSL Limited 56,838 14,695 –
Endeavour Group Ltd/Australia Ord Npv – 108,997 –
Fortescue Metals Group Limited 338,271 1,960,763 –
Incitec Pivot Ltd Ord Npv 2,237,478 – –
James Hardie Industries SE Receipt Npv 29,825 – –
National Australia Bank Ltd 87,018 – –
Newcrest Mining Limited 464,009 – –
Resmed Inc Chess Depositary Interests (10 Cdi Reps
1 Ord Shs) 106,144 – –
Rio Tinto Limited Ord Npv 69,652 112,354 –
Spark Infrastructure Group Ord Npv – 23,048,573 –
Stockland – 467,662 –
Vicinity Centres – REIT – 4,479,073 –
Westpac Banking Corporation (Formerly Known As
Bank Of New South Wales) 1,286,948 – –
Woolworths Group Ltd Ord Npv – 69,300 –
HONG KONG 香港
AIA Group Ltd 353,000 – –
Alibaba Group Holding Ltd Ord USD.000003125 – 50,700 –
Anhui Kouzi Distillery Co Ltd -A Cc Ord CNY1 – 111,305 –
Anta Sports Products Ltd Ord HKD 0.1 373,000 – –
BOC Hong Kong Holdings Ltd Ord Npv 1,324,000 616,500 –
BYD Co Ltd 67,000 – –
C L P Holdings Limited 1,408,500 – –
Chacha Food Co Ltd-A Szhk 176,251 100,100 –
China Mengniu Dairy Company Limited 937,000 – –
China Mobile Ltd – 3,742,000 –
China Pacific Insurance Gr Co Ltd H Shs 1,612,200 – –
China Petroleum and Chemical Corporation-H – 9,424,000 –
China Tourism Group Duty Free Corporation Limited
– Cc Ord CNY1 29,700 360,100 –
Galaxy Entertainment Group Ltd Ord Hkd0.1 405,000 405,000 –
Goertek Inc -A Ord Cny 1 Szhk 533,605 – –
Hk Electric Investments – Ss 1,475,000 – –
53 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
Holdings
份额数目
Country/Territory
国家╱地區
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）
HONG KONG (Continued)
香港（续）
JD.com Inc - Cl A Ord USD0.00002 35,800 – –
Li Ning Co Ltd Ord HKD0.1 – 251,500 –
Link REIT 2,068,100 – –
Longshine Technology Group-A Szhk Ord 504,600 – –
Meituan Ord HKD.000010000 – 71,100 –
Midea Group Co Ltd 368,480 54,800 –
Prudential Plc Ord HKD 5 120,950 – –
Sands China Ltd Ord USD0.01 – 210,000 –
Shanghai Jahwa United Co Ord CNY1 Cc 214,600 – –
Swire Properties Ltd Ord HKD1 289,200 – –
Techtronic Industries Co Ltd 26,000 – –
Tencent Hldgs Ltd HKD0.0002 – 64,600 –
Thunder Software Technolog-A Ord Cny 1 Szhk 233,700 – –
Toly Bread Co Ltd Cc Ord CNH1 702,393 – –
Tsingtao Brewery Co Ltd 'H' Shares 556,000 – –
Xiamen Faratronic Co Ltd Ord CNY 1 Cc – 53,100 –
Yum China Holdings Inc Ord USD0.010000000 – 9,400 –
Zhejiang Sanhua Co Ltd-A Ord Cny 1 Szhk 846,409 – –
Zijin Mining Group Company Limited H Shares 2,096,000 – –
INDIA 印度
Bharti Airtel Ltd Ord INR5 (Demat) (Nse) 485,078 – –
Bharti Airtel Ltd Rts Dec2049 40,077 40,077 –
Brookfield India Real Estate REIT Ord Npv 1,206,364 – –
Escorts Limited – 130,219 –
HDFC Bank Limited Ord INR1 112,222 – –
Hindustan Petroleum Corp Ord 1,219,026 – –
ICICI Prudential Life Insurance Company Limited
Ord Npv 759,454 – –
IRB Infrastructure – 1,902,368 –
Power Grid Corp of India Ltd Ord 2,415,072 – –
Powergrid Infra Invit Dm 4,364,845 – –
Reliance Industries Ltd Ord INR10 42,862 – –
Tech Mahindra Ltd Ord INR5 344,838 – –
Wipro Ltd Ord INR2.000000000 – 258,906 –
Zomato Ltd Ord Inr1 105,175 – –
施罗德亚洲高息股债基金 54
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
Holdings
份额数目
Country/Territory
国家╱地區
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）
JAPAN 日本
Advance Residence Investment Corp REIT Npv – 23 –
AEON REIT Investment Corp REIT Npv – 103 –
Daiwa House REIT Investment Corp REIT Npv – 40 –
Daiwa Office Investment Corp REIT Npv – 13 –
Daiwa Securities Living Inve REIT Ord Npv – 104 –
Frontier Real Estate Investment Corporation – 18 –
Fukuoka REIT Corp Ord Npv – 43 –
GLP J-REIT Npv – 91 –
Invesco Office J-REIT Inc REIT Npv – 1,305 –
Japan Excellent Inc REIT Npv – 63 –
Japan Hotel REIT Investment Ord Npv – 160 –
Japan Metropolitan Fund Investment Corporation
Ord Npv – 139 –
Kenedix Office Investment Corporation Ord Npv – 20 –
Nippon Accommodations Fund Inc REIT – 10 –
Nippon Building Fund Inc – 33 –
Nomura Real Estate Master Fund – REIT – 87 –
Premier Investment Company Npv – 92 –
Sekisui House REIT Inc – REIT – 77 –
NeW ZeALAND 紐西蘭
Contact Energy Ltd 1,114,331 – –
Spark New Zealand Ltd Ord Npv 1,834,261 – –
SINGAPORe 新加坡
Ascendas Real Estate Investment Trust 1,628,300 – –
Capitaland Integrated Commercial Trust REIT Ord
Npv 3,266,400 – –
DBS Group Holdings Ltd Ord Npv 311,300 – –
Frasers Centrepoint Trust REIT Npv 845,800 – –
Mapletree Commercial Trust REIT Npv 945,600 – –
Mapletree Industrial Trust REIT Npv 1,067,800 – –
Mapletree Logistics Trust Np Rts Dec2021 525,750 525,750 –
Mapletree Logistics Trust REIT Npv 1,557,950 – –
Oversea-Chinese Banking Corp Ltd Ord SGD0.5 305,500 – –
Singapore Telecommunications Ltd Ord Npv 2,802,800 – –
55 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一年十二月三十一日止期间
Holdings
份额数目
Country/Territory
国家╱地區
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
LG Chemical Ord KRW5000 12,737 – –
LG Electronics Inc 33,513 10,138 –
NAVER Corp Ord KRW100 13,654 8,256 –
NCSoft Corporation 1,973 – –
POSCO Ord KRW5000 30,246 – –
Samsung Electronics Co Ltd Ord KRW100 120,991 63,268 –
SK Square Co Ltd Ord KRW500 97,588 – –
SK Telecom Company Limited 312,562 – –
TAIWAN 台湾
ASE Technology Holding Co Ltd Ord TWD10 1,350,000 372,000 –
Giant Manufacturing Co Ltd Ord TWD10 635,000 – –
Mediatek Inc – 350,000 –
Nien Made Enterprise Co Ltd Ord Twd10 234,000 – –
Novatek Microelectronics Corp Ltd 89,000 766,000 –
Realtek Semiconductor Corp – 37,000 –
Taiwan Semiconductor Mfg Co. Ltd 336,000 – –
UNITeD STATeS OF AMeRICA 美国
ICICI Bank Limited Sponsored Adr (1 Adr Represents
2 Ordinary Shares) 60,175 – –
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 – 1,438,990 –
LUXeMBOURG 卢森堡
Schroder International Selection Fund – 
Asian Equity Yield USD Class I Acc – 1,530,218 –
施罗德亚洲高息股债基金 56
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一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
UNITeD STATeS DOLLAR
美元
Abu Dhabi Ports Co Pjsc Ser Emtn (Reg) (Reg S) 2.5%
06May2031 – 3,364,000 –
Agile Group Holdings Ltd (Reg) (Reg S) 5.5%
17May2026 – 6,950,000 –
Agile Group Holdings Ltd (Reg) (Reg S) 5.5%
21Apr2025 1,000,000 1,000,000 –
Agile Group Holdings Ltd (Reg) (Reg S) 6.05%
13Oct2025 – 2,000,000 –
Alibaba Group Holding 3.15% 09Feb2051 2,853,000 – –
APL Realty Hldg Pte Ltd 5.95% 02Jun2024 – 1,460,000 –
Atento Luxco 1 Sa Ser Regs (Reg S) 8% 10Feb2026 – 1,618,000 –
Axiata Spv2 Bhd Ser Emtn (Reg S) 2.163%
19Aug2030 4,500,000 – –
Azure Power Energy Ltd Ser Regs (Reg) (Reg S)
3.575% 19Aug2026 2,500,000 – –
Azure Power Energy Ltd Ser Regs (Regs) 5.5%
03Nov2022 – 4,200,000 –
Baidu Inc (Reg) 2.375% 23Aug2031 3,000,000 – –
Burgan Bank (Reg S) Var Perp 31Dec2049 – 3,765,000 –
CA Magnum Holdings Ser Regs (Reg) (Reg S) 5.375%
31Oct2026 472,000 472,000 –
CBQ Finance Ltd Ser Emtn (Reg S) 2% 12May2026 – 6,532,000 –
Central Chn Real Estate (Reg) (Reg S) 7.25%
16Jul2024 – 2,000,000 –
Central Chn Real Estate (Reg) (Reg S) 7.65%
27Aug2023 – 5,000,000 –
Chalco HK Investment (Reg) (Reg S) Var Pepr
29Dec2049 – 4,500,000 –
Champion Path Holdings (Reg) (Reg S) 4.5%
27Jan2026 – 672,000 –
Champion Path Holdings (Reg) (Reg S) 4.85%
27Jan2028 – 957,000 –
China Aoyuan Group Ltd (Reg) (Reg S) 6.35%
08Feb2024 – 6,890,000 –
China Aoyuan Group Ltd (Reg) (Reg S) 7.95%
19Feb2023 – 6,200,000 –
China Aoyuan Group Ltd (Reg) (Reg S) 8.5%
23Jan2022 – 5,000,000 –
China GRT Wall Intl III Ser Emtn (Reg) (Regs) 2.625%
27Oct2021 – 2,500,000 –
57 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一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）
China Hongqiao Group Ltd (Reg) (Reg S) 6.25%
08Jun2024 1,000,000 – –
China Oil & Gas Group (Reg) (Reg S) 4.7% 30Jun2026 205,000 – –
China Oil and Gas Group 4.625% 20Apr2022 – 900,000 –
Cibanco Sa Ins De Banca Ser Regs (Reg) (Reg S)
4.375% 22Jul2031 3,949,000 1,655,000 –
CN Ping An Insur Oversea Ser Emtn (Reg) (Reg S)
2.85% 12Aug2031 9,243,000 – –
Contempry Ruidng Develop (Reg) (Reg S) 1.5%
09Sep2026 1,766,000 – –
Country Garden Hldgs (Reg) (Reg S) 3.875%
22Oct2030 – 3,641,000 –
Country Garden Hldgs (Reg) (Reg S) 4.8%
06Aug2030 – 3,050,000 –
Country Garden Hldgs (Reg) (Reg S) 5.125%
14Jan2027 – 3,081,000 –
Dah Sing Bank Ltd Ser Emtn (Reg) (Reg S) Var
02Nov2031 1,067,000 – –
Dar Al-Arkan Sukuk Co 6.875% 26Feb2027 3,000,000 – –
DBS Group Holdings Ltd Ser Gmtn (Reg S) Var Perp
29Dec2049 – 2,713,000 –
Development Bank Philippines (Reg S) 2.375%
11Mar2031 2,200,000 – –
Elect Global Inv Ltd (Reg) (Reg S) 4.85% Perp
31Dec2049 2,000,000 – –
Fortune Star Bvi Ltd (Reg) (Reg S) 5% 18May2026 775,000 – –
Galaxy Pipeline Assets Ser Regs (Reg S) 2.625%
31Mar2036 3,000,000 – –
GC Treasury Centre Co Ser Regs (Reg S) 2.98%
18Mar2031 – 3,500,000 –
Genm Capital Labuan Ser Regs (Reg S) 3.882%
19Apr2031 – 1,731,000 –
Globe Telecom Inc (Reg) (Reg S) Var Perp 31Dec2049 3,000,000 – –
Greenko Power II Ltd Ser Regs (Reg S) 4.3%
13Dec2028 1,879,000 – –
Grupo Kuo SAB de CV Ser Regs (Reg) (Regs) 5.75%
07Jul2027 – 990,000 –
Haidilao International H (Reg) (Reg S) 2.15%
14Jan2026 – 708,000 –
HDFC Bank Ltd Ser Regs (Reg S) Var Perp 31Dec2049 3,000,000 – –
施罗德亚洲高息股债基金 58
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一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）
Health And Happiness H&H (Reg) (Reg S) 5.625%
24Oct2024 – 4,483,000 –
Hong Kong (Govt of) Ser Regs (Reg) (Reg S) 2.375%
02Feb2051 7,000,000 – –
HongKong Land Finance Ser Emtn (Reg) (Reg S)
2.25% 15Jul2031 2,180,000 – –
HPHT Finance 21 II Ltd (Reg S) (Br) 1.5% 17Sep2026 3,739,000 – –
Huarong Finance 2017 Co (Reg) (Reg S) Frn
27Apr2022 – 1,566,000 –
Huarong Finance 2017 Co Ser Emtn (Reg) (Regs) Frn
07Nov2022 – 3,474,000 –
Huarong Finance 2019 Ser Emtn (Reg S) Frn
24Feb2025 – 3,515,000 –
Indonesia (Rep of) Ser Regs (Reg S) 3.55% 09Jun2051 4,075,000 – –
Indonesia (Rep of) Ser Regs 4.625% 15Apr2043 2,000,000 – –
Jollibee Worldwide Pte L (Reg S) 4.75% 24Jun2030 – 3,000,000 –
JSW Hydro Energy Ltd Ser Regs (Reg) (Reg S) 4.125%
18May2031 1,203,000 – –
Jsw Steel Ltd Ser Regs (Reg) (Reg S) 5.05%
05Apr2032 2,285,000 – –
Kasikornbank Pcl Hk Ser Emtn (Reg S) Var Perp
31Dec2049 7,525,000 – –
Kia Corp Ser Regs (Reg S) 1% 16Apr2024 – 1,325,000 –
KWG Group Holdings (Reg S) 7.875% 01Sep2023 3,500,000 – –
KWG Group Holdings (Reg) (Reg S) 7.4% 13Jan2027 – 2,500,000 –
Lenovo Group Ltd Ser Regs (Reg S) 3.421%
02Nov2030 2,247,000 – –
LG Chem Ltd Ser Regs (Reg S) 2.375% 07Jul2031 2,004,000 – –
Malaysia Wakala Sukuk Ser Regs (Reg) (Reg S)
3.075% 28Apr2051 3,000,000 – –
MC Brazil Dwnstrm Ser Regs (Reg) (Reg S) 7.25%
30Jun2031 3,896,000 896,000 –
MDGH - GMTN BV Ser Regs (Reg) (Reg S) 2.5%
07Nov2024 3,000,000 – –
MDGH GMTN RSC Ltd Ser Emtn (Reg) (Reg S) 3.4%
07Jun2051 – 2,698,000 –
MDGH GMTN RSC Ltd Ser Gmtn (Reg) (Reg S) 2.5%
03Jun2031 – 2,210,000 –
Medco Laurel Tree Ser Regs (Reg S) 6.95%
12Nov2028 4,000,000 – –
59 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一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）
MGM China Holdings Ltd Ser Regs (Reg S) 4.75%
01Feb2027 – 2,138,000 –
MGM China Holdings Ltd Ser Regs (Reg S) 5.25%
18Jun2025 – 1,810,000 –
Millicom Intl Cellular Ser Regs (Reg S) 4.5%
27Apr2031 3,623,000 3,623,000 –
Millicom Intl Cellular Ser Regs (Reg) 6.625%
15Oct2026 – 3,954,000 –
Minor International Pcl (Reg) (Reg S) Var Perp
31Dec2049 3,495,000 – –
Modern Land China Co Ltd (Reg) (Reg S) 11.5%
13Nov2022 – 2,800,000 –
Modern Land China Co Ltd (Reg) (Reg S) 11.95%
04Mar2024 – 1,150,000 –
Modern Land China Co Ltd (Reg) (Reg S) 9.8%
11Apr2023 – 1,282,000 –
Muang Thai Life Assuranc (Reg) (Reg S) Var
27Jan2037 2,776,000 – –
Nagacorp Ltd (Reg) (Reg S) 7.95% 06Jul2024 – 4,266,000 –
NBK SPC Ltd Ser Regs (Reg) (Reg S) Var 15Sep2027 2,000,000 – –
ORYX Funding Ltd Ser Regs (Reg S) 5.8% 03Feb2031 2,000,000 – –
Panther Ventures Ltd (Reg) (Reg S) 3.5% Perp
31Dec2049 – 5,183,000 –
Petronas Capital Ltd Ser Regs (Reg S) 2.48%
28Jan2032 2,500,000 – –
Petronas Capital Ltd Ser Regs (Reg) (Reg S) 3.5%
21Apr2030 4,000,000 – –
Powerlong Real Estate (Reg) (Reg S) 5.95%
30Apr2025 – 3,769,000 –
Prudential Plc (Reg) (Reg S) Var 03Nov2033 3,000,000 – –
Radiance Holdings Grp (Reg) (Reg S) 7.8%
20Mar2024 3,054,000 – –
Rede D’Or Finance Sarl Ser Regs (Reg) (Reg S) 4.5%
22Jan2030 – 2,600,000 –
Republic of Philippines (Reg) 1.648% 10Jun2031 6,531,000 8,731,000 –
Ronshine China (Reg) (Reg S) 7.1% 25Jan2025 – 1,000,000 –
Ronshine China (Reg) (Reg S) 8.1% 09Jun2023 – 1,000,000 –
Ronshine China (Reg) (Reg S) 8.75% 25Oct2022 – 2,000,000 –
Ronshine China (Reg) (Reg S) 8.95% 22Jan2023 – 1,600,000 –
SA Global Sukuk Ltd Ser Regs (Reg) (Reg S) 1.602%
17Jun2026 – 6,817,000 –
施罗德亚洲高息股债基金 60
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一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）
SA Global Sukuk Ltd Ser Regs (Reg) (Reg S) 2.694%
17Jun2031 – 1,067,000 –
Sands China Ltd Ser Regs (Reg S) 2.85% 08Mar2029 1,108,000 1,108,000 –
Sands China Ltd Ser Regs (Reg S) 3.25% 08Aug2031 1,097,000 1,097,000 –
Santos Finance Ltd Ser Emtn (Br) (Reg S) 4.125%
14Sep2027 – 3,736,000 –
Senaat Sukuk Limited (Reg S) 4.76% 05Dec2025 – 2,625,000 –
Shimao Group Hldgs Ltd (Reg S) (Reg) 5.6%
15Jul2026 – 8,898,000 –
Shimao Group Hldgs Ltd (Reg) (Reg S) 4.6%
13Jul2030 – 1,423,000 –
Shimao Group Holdings Lt (Reg) (Reg S) 3.45%
11Jan2031 – 6,530,000 –
Shimao Group Holdings Lt (Reg) (Reg S) 3.975%
16Sep2023 2,250,000 500,000 –
Shimao Group Holdings Lt (Reg) (Reg S) 5.2%
16Jan2027 2,080,000 2,080,000 –
Sinochem Offshore Capita Ser Emtn (Reg) (Reg S)
2.25% 24Nov2026 4,152,000 – –
Sinosing Serv P L (Reg) (Reg S) 2.625% 20Feb2030 – 3,301,000 –
Studio City Finance Ltd Ser May (Reg) (Reg S) 5%
15Jan2029 – 2,333,000 –
Studio City Finance Ltd Ser Regs (Reg) (Regs) 5%
15Jan2029 2,333,000 2,333,000 –
Summit Digitel Infrastr Ser Regs (Reg) (Reg S)
2.875% 12Aug2031 4,000,000 – –
Sunac China Holdings Ltd (Reg) (Reg S) 6.5%
09Jul2023 – 1,000,000 –
Sunac China Holdings Ltd (Reg) (Reg S) 6.5%
26Jan2026 – 2,000,000 –
Sunac China Holdings Ltd (Reg) (Reg S) 6.65%
03Aug2024 – 1,600,000 –
Sunac China Holdings Ltd (Reg) (Reg S) 7.35%
19Jul2021 – 3,000,000 –
Times China Hldg Ltd (Reg) (Reg S) 5.75% 14Jan2027 – 3,750,000 –
Times China Hldg Ltd (Reg) (Reg S) 6.75% 08Jul2025 – 5,919,000 –
Times China Hldg Ltd (Reg) (Reg S) 6.75% 16Jul2023 1,000,000 – –
TSMC Arizona Corp (Reg) 3.125% 25Oct2041 839,000 – –
TSMC Arizona Corp 3.25% 25Oct2051 1,182,000 – –
Ultratech Cement Ltd Ser Regs (Reg) (Reg S) 2.8%
16Feb2031 – 4,000,000 –
61 Schroder Asian Asset Income Fund
Investment Portfolio Movements (Continued)
投资组合变动（续）
For the period ended 31st December 2021
二零二一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）
US Treasury Bill 0% 29Jul2021 – 4,000,000 –
Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.5%
12Nov2029 – 3,000,000 –
Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.975%
09Nov2027 – 4,800,000 –
West China Cemenet Ltd (Reg) (Regs) 4.95%
08Jul2026 1,644,000 3,000,000 –
Westwood Grp Hold Ltd Ser Emtn (Reg) (Reg S) 3.8%
20Jan2031 – 2,060,000 –
WYNN Macau Ltd Ser Regs (Reg) (Reg S) 5.625%
26Aug2028 – 1,460,000 –
Xiaomi Best Time Intl Ser Regs (Reg) (Reg S) 2.875%
14Jul2031 4,200,000 – –
Xiaomi Best Time Intl Ser Regs (Reg) (Reg S) 4.1%
14Jul2051 1,864,000 – –
Yango Justice Intl (Reg) (Regs) 7.5% 15Apr2024 – 1,113,000 –
Yanlord Land HK Co Ltd (Reg) (Reg S) 5.125%
20May2026 2,000,000 2,083,000 –
Yieldking Investment Ltd Ser Emtn (Reg) (Reg S)
2.8% 18Aug2026 3,213,000 – –
Yuzhou Group (Reg) (Reg S) 7.85% 12Aug2026 – 1,789,000 –
Yuzhou Properties Co Ltd (Reg) (Reg S) 8.3%
27May2025 – 3,246,000 –
Zhenro Properties Group (Reg) (Reg S) 5.95%
18Nov2021 – 1,147,000 –
Zhongliang Holdings (Reg) (Reg S) 7.5% 31Jan2022 – 1,570,000 –
Zhongliang Holdings (Reg) (Reg S) 9.5% 29Jul2022 – 2,364,000 –
UNLISTeD DeBT SeCURITIeS
非上市债务证券
UNITeD STATeS DOLLAR
美元
Prumo Participacoes E In Ser 144A (Reg) 7.5%
31Dec2031 – 1,103,000 –
施罗德亚洲高息股债基金 62
(a) Foreign exchange forward contracts
As at 31st December 2021, the Fund held the 
outstanding  foreign  exchange  forward 
contracts with State Street Bank and Trust 
Company, London, as shown below:
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets: 金融资产：
Buy USD and Sell AUD 20th January 2022 US$ 美元389,377,275 59,673,413
买美元沽澳元 二零二二年一月二十日 AUD 澳元525,000,000
59,673,413
As at 31st December 2021, the Fund held the 
outstanding  foreign  exchange  forward 
contracts  with  Standard  Chartered  Bank, 
London, as shown below:
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial liabilities: 金融负债：
Buy USD and Sell TWD 20th January 2022 US$ 美元226,185,860 (11,820,736)
买美元沽台币 二零二二年一月二十日 TWD 台币6,300,000,000
(11,820,736)
Details in Respect of Financial Derivative Instruments 
金融衍生工具的详情
As at 31st December 2021
截至二零二一年十二月三十一日
(a) 远期外汇合约
截至二零二一年十二月三十一日，本基金持有以
下交易对手为State Street Bank and Trust
Company, London的远期外汇合约：
截至二零二一年十二月三十一日，本基金持有以
下交易对手为Standard Chartered Bank,
London的远期外汇合约：
63 Schroder Asian Asset Income Fund
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
截至二零二一年十二月三十一日，本基金持有以
下交易对手为The Hongkong and Shanghai
Banking Corporation Limited, Hong Kong的
远期外汇合约：
(a) 远期外汇合约（续）
截至二零二一年十二月三十一日，本基金持有以
下交易对手为The BNP Paribas, London的远期
外汇合约：
(a) Foreign exchange forward contracts 
(Continued)
As at 31st December 2021, the Fund held the 
outstanding  foreign  exchange  forward 
contracts with The BNP Paribas, London as 
shown below:
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets: 金融资产：
Buy USD and Sell KRW 20th January 2022 US$ 美元143,341,372 3,084,314
买美元沽韩圜 二零二二年一月二十日 KRW 韩圜170,000,000,000
3,084,314
As at 31st December 2021, the Fund held the 
outstanding  foreign  exchange  forward 
contracts with The Hongkong and Shanghai 
Banking Corporation Limited, Hong Kong as 
shown below:
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets: 金融资产：
Buy AUD and Sell USD 21st January 2022 AUD 澳元215,715 25,357
买澳元沽美元 二零二二年一月二十一日 US$ 美元153,593
Buy AUD and Sell USD 21st January 2022 AUD 澳元230,272 3,074
买澳元沽美元 二零二二年一月二十一日 US$ 美元167,035
Buy AUD and Sell USD 21st January 2022 AUD 澳元1,793 202
买澳元沽美元 二零二二年一月二十一日 US$ 美元1,278
Buy AUD and Sell USD 21st January 2022 AUD 澳元2,522,363 307,503
买澳元沽美元 二零二二年一月二十一日 US$ 美元1,794,553
施罗德亚洲高息股债基金 64
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets (Continued):
金融资产（续）：
Buy AUD and Sell USD 21st January 2022 AUD 澳元26,450 896
买澳元沽美元 二零二二年一月二十一日 US$ 美元19,117
Buy AUD and Sell USD 21st January 2022 AUD 澳元484,775,119 59,099,295
买澳元沽美元 二零二二年一月二十一日 US$ 美元344,896,652
Buy AUD and Sell USD 21st January 2022 AUD 澳元38,874 873
买澳元沽美元 二零二二年一月二十一日 US$ 美元28,153
Buy AUD and Sell USD 21st January 2022 AUD 澳元5,073,870 171,877
买澳元沽美元 二零二二年一月二十一日 US$ 美元3,667,134
Buy AUD and Sell USD 21st January 2022 AUD 澳元5,526 168
买澳元沽美元 二零二二年一月二十一日 US$ 美元3,997
Buy AUD and Sell USD 21st January 2022 AUD 澳元69,213 8,738
买澳元沽美元 二零二二年一月二十一日 US$ 美元49,204
Buy AUD and Sell USD 21st January 2022 AUD 澳元96,769 11,637
买澳元沽美元 二零二二年一月二十一日 US$ 美元68,868
Buy AUD and Sell USD 21st January 2022 AUD 澳元108,417 6,674
买澳元沽美元  二零二二年一月二十一日 US$ 美元77,974
Buy AUD and Sell USD 21st January 2022 AUD 澳元12,350 329
买澳元沽美元 二零二二年一月二十一日 US$ 美元8,937
Buy AUD and Sell USD 21st January 2022 AUD 澳元1,580 170
买澳元沽美元  二零二二年一月二十一日 US$ 美元1,127
Buy AUD and Sell USD 21st January 2022 AUD 澳元141,750 13,005
买澳元沽美元 二零二二年一月二十一日 US$ 美元101,398
Buy CNH and Sell USD 21st January 2022 CNH 人民币835,063 5,117
买人民币沽美元 二零二二年一月二十一日 US$ 美元130,498
65 Schroder Asian Asset Income Fund
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets (Continued):
金融资产（续）：
Buy CNH and Sell USD 21st January 2022 CNH 人民币8,631 21
买人民币沽美元 二零二二年一月二十一日 US$ 美元1,353
Buy CNH and Sell USD 21st January 2022 CNH 人民币9,747 49
买人民币沽美元 二零二二年一月二十一日 US$ 美元1,525
Buy CNH and Sell USD 21st January 2022 CNH 人民币90,118 458
买人民币沽美元 二零二二年一月二十一日 US$ 美元14,095
Buy CNH and Sell USD 21st January 2022 CNH 人民币10,279 43
买人民币沽美元 二零二二年一月二十一日 US$ 美元1,609
Buy CNH and Sell USD 21st January 2022 CNH 人民币10,877 55
买人民币沽美元 二零二二年一月二十一日 US$ 美元1,701
Buy CNH and Sell USD 21st January 2022 CNH 人民币11,853 31
买人民币沽美元 二零二二年一月二十一日 US$ 美元1,858
Buy CNH and Sell USD 21st January 2022 CNH 人民币13,106 57
买人民币沽美元 二零二二年一月二十一日 US$ 美元2,051
Buy CNH and Sell USD 21st January 2022 CNH 人民币13,835 44
买人民币沽美元 二零二二年一月二十一日 US$ 美元2,167
Buy CNH and Sell USD 21st January 2022 CNH 人民币132,395 334
买人民币沽美元 二零二二年一月二十一日 US$ 美元20,751
Buy CNH and Sell USD 21st January 2022 CNH 人民币2,428,523 5,126
买人民币沽美元 二零二二年一月二十一日 US$ 美元380,763
Buy CNH and Sell USD 21st January 2022 CNH 人民币17,972 79
买人民币沽美元 二零二二年一月二十一日 US$ 美元2,813
Buy CNH and Sell USD 21st January 2022 CNH 人民币18,012 78
买人民币沽美元 二零二二年一月二十一日 US$ 美元2,819
施罗德亚洲高息股债基金 66
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets (Continued):
金融资产（续）：
Buy CNH and Sell USD 21st January 2022 CNH 人民币19,819 94
买人民币沽美元 二零二二年一月二十一日 US$ 美元3,101
Buy CNH and Sell USD 21st January 2022 CNH 人民币23,384 143
买人民币沽美元 二零二二年一月二十一日 US$ 美元3,654
Buy CNH and Sell USD 21st January 2022 CNH 人民币2,618,382 10,470
买人民币沽美元 二零二二年一月二十一日 US$ 美元409,897
Buy CNH and Sell USD 21st January 2022 CNH 人民币24,572 147
买人民币沽美元 二零二二年一月二十一日 US$ 美元3,840
Buy CNH and Sell USD 21st January 2022 CNH 人民币251,415,974 839,159
买人民币沽美元 二零二二年一月二十一日 US$ 美元39,379,432
Buy CNH and Sell USD 21st January 2022 CNH 人民币260,568 657
买人民币沽美元 二零二二年一月二十一日 US$ 美元40,840
Buy CNH and Sell USD 21st January 2022 CNH 人民币286,235 695
买人民币沽美元 二零二二年一月二十一日 US$ 美元44,867
Buy CNH and Sell USD 21st January 2022 CNH 人民币325,285 1,944
买人民币沽美元 二零二二年一月二十一日 US$ 美元50,839
Buy CNH and Sell USD 21st January 2022 CNH 人民币3,459,166 14,541
买人民币沽美元 二零二二年一月二十一日 US$ 美元541,427
Buy CNH and Sell USD 21st January 2022 CNH 人民币3,838,671,912 12,812,452
买人民币沽美元 二零二二年一月二十一日 US$ 美元601,253,438
Buy CNH and Sell USD 21st January 2022 CNH 人民币38,904,542 82,122
买人民币沽美元 二零二二年一月二十一日 US$ 美元6,099,764
Buy CNH and Sell USD 21st January 2022 CNH 人民币402,813 1,908
买人民币沽美元 二零二二年一月二十一日 US$ 美元63,021
67 Schroder Asian Asset Income Fund
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets (Continued):
金融资产（续）：
Buy CNH and Sell USD 21st January 2022 CNH 人民币41,176,028 164,646
买人民币沽美元 二零二二年一月二十一日 US$ 美元6,445,935
Buy CNH and Sell USD 21st January 2022 CNH 人民币5,861,094 25,272
买人民币沽美元 二零二二年一月二十一日 US$ 美元917,294
Buy CNH and Sell USD 21st January 2022 CNH 人民币591,997 1,887
买人民币沽美元 二零二二年一月二十一日 US$ 美元92,736
Buy CNH and Sell USD 21st January 2022 CNH 人民币637,712 3,190
买人民币沽美元 二零二二年一月二十一日 US$ 美元99,749
Buy CNH and Sell USD 21st January 2022 CNH 人民币802,905 1,601
买人民币沽美元 二零二二年一月二十一日 US$ 美元125,898
Buy CNH and Sell USD 21st January 2022 CNH 人民币25,997 69
买人民币沽美元 二零二二年一月二十一日 US$ 美元4,074
Buy GBP and Sell USD 21st January 2022 GBP 英镑9,475 1,240
买英镑沽美元 二零二二年一月二十一日 US$ 美元12,674
Buy GBP and Sell USD 21st January 2022 GBP 英镑255,272 33,411
买英镑沽美元 二零二二年一月二十一日 US$ 美元341,452
Buy GBP and Sell USD 21st January 2022 GBP 英镑19,737 4,642
买英镑沽美元 二零二二年一月二十一日 US$ 美元26,137
Buy GBP and Sell USD 21st January 2022 GBP 英镑23,736,070 6,198,553
买英镑沽美元 二零二二年一月二十一日 US$ 美元31,352,880
Buy GBP and Sell USD 21st January 2022 GBP 英镑532,876 127,571
买英镑沽美元 二零二二年一月二十一日 US$ 美元705,361
Buy GBP and Sell USD 21st January 2022 GBP 英镑548 137
买英镑沽美元 二零二二年一月二十一日 US$ 美元725
施罗德亚洲高息股债基金 68
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial assets (Continued):
金融资产（续）：
Buy GBP and Sell USD 21st January 2022 GBP 英镑905,799 236,545
买英镑沽美元 二零二二年一月二十一日 US$ 美元1,196,466
80,224,386
Financial liabilities: 金融负债：
Buy USD and Sell AUD 21st January 2022 US$ 美元182,225 (13,463)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元252,997
Buy USD and Sell AUD 21st January 2022 US$ 美元13,045 (1,681)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元18,238
Buy USD and Sell AUD 21st January 2022 US$ 美元16,311 (515)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元22,524
Buy USD and Sell AUD 21st January 2022 US$ 美元17,440 (652)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元24,101
Buy USD and Sell AUD 21st January 2022 US$ 美元17,458 (3,079)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元24,554
Buy USD and Sell AUD 21st January 2022 US$ 美元1,818,032 (219,181)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元2,539,076
Buy USD and Sell AUD 21st January 2022 US$ 美元3,278,556 (578,290)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元4,611,144
Buy USD and Sell AUD 21st January 2022 US$ 美元402,592 (7,478)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元555,019
Buy USD and Sell AUD 21st January 2022 US$ 美元54,594 (9,243)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元76,716
69 Schroder Asian Asset Income Fund
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial liabilities (Continued):
金融负债（续）：
Buy USD and Sell AUD 21st January 2022 US$ 美元6,560 (1,085)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元9,214
Buy USD and Sell AUD 21st January 2022 US$ 美元7,424 (1,121)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元10,408
Buy USD and Sell AUD 21st January 2022 US$ 美元88,028 (13,956)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元123,530
Buy USD and Sell AUD 21st January 2022 US$ 美元100,042 (4,224)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元138,337
Buy USD and Sell AUD 21st January 2022 US$ 美元109,567 (1,100)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元150,885
Buy USD and Sell AUD 21st January 2022 US$ 美元112,134 (19,976)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元157,747
Buy USD and Sell AUD 21st January 2022 US$ 美元11,839 (1,238)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元16,501
Buy USD and Sell AUD 21st January 2022 US$ 美元119,827 (10,291)
买美元沽澳元 二零二二年一月二十一日 AUD 澳元166,619
Buy USD and Sell CNH 21st January 2022 US$ 美元149,512 (4,323)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币955,476
Buy USD and Sell CNH 21st January 2022 US$ 美元162,412 (5,349)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,038,444
Buy USD and Sell CNH 21st January 2022 US$ 美元173,949 (3,133)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,110,094
Buy USD and Sell CNH 21st January 2022 US$ 美元219,214 (8,593)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,402,753
施罗德亚洲高息股债基金 70
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial liabilities (Continued):
金融负债（续）：
Buy USD and Sell CNH 21st January 2022 US$ 美元239,125 (9,591)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,530,340
Buy USD and Sell CNH 21st January 2022 US$ 美元249,430 (6,006)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,593,028
Buy USD and Sell CNH 21st January 2022 US$ 美元14,215 (241)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币90,707
Buy USD and Sell CNH 21st January 2022 US$ 美元16,851 (256)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币107,502
Buy USD and Sell CNH 21st January 2022 US$ 美元268,582 (5,775)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,714,782
Buy USD and Sell CNH 21st January 2022 US$ 美元279,778 (9,530)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,789,133
Buy USD and Sell CNH 21st January 2022 US$ 美元310,112 (9,664)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币1,982,380
Buy USD and Sell CNH 21st January 2022 US$ 美元332,337 (6,617)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币2,121,403
Buy USD and Sell CNH 21st January 2022 US$ 美元357,316 (14,332)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币2,286,734
Buy USD and Sell CNH 21st January 2022 US$ 美元3,147,449 (137,467)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币20,152,075
Buy USD and Sell CNH 21st January 2022 US$ 美元35,555 (1,028)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币227,221
Buy USD and Sell CNH 21st January 2022 US$ 美元429,186 (14,620)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币2,744,571
71 Schroder Asian Asset Income Fund
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial liabilities (Continued):
金融负债（续）：
Buy USD and Sell CNH 21st January 2022 US$ 美元457,825 (14,321)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币2,926,676
Buy USD and Sell CNH 21st January 2022 US$ 美元3,880,535 (92,074)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币24,782,644
Buy USD and Sell CNH 21st January 2022 US$ 美元3,913,003 (121,940)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币25,013,733
Buy USD and Sell CNH 21st January 2022 US$ 美元42,128 (1,387)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币269,362
Buy USD and Sell CNH 21st January 2022 US$ 美元65,000 (1,848)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币415,362
Buy USD and Sell CNH 21st January 2022 US$ 美元82,571 (3,237)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币528,375
Buy USD and Sell CNH 21st January 2022 US$ 美元97,277 (3,043)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币621,851
Buy USD and Sell CNH 21st January 2022 US$ 美元102,489 (2,940)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币654,948
Buy USD and Sell CNH 21st January 2022 US$ 美元107,509 (3,085)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币687,032
Buy USD and Sell CNH 21st January 2022 US$ 美元1,221,924 (26,301)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币7,801,500
Buy USD and Sell CNH 21st January 2022 US$ 美元1,261,583 (22,746)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币8,051,111
Buy USD and Sell CNH 21st January 2022 US$ 美元116,914 (2,328)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币746,296
施罗德亚洲高息股债基金 72
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(a) Foreign exchange forward contracts 
(Continued)
(a) 远期外汇合约（续）
Foreign exchange forward
contracts
远期外汇合约
Maturity date
到期日
Notional value
名义值
Fair value
公允值
HK$
港元
Financial liabilities (Continued):
金融负债（续）：
Buy USD and Sell CNH 21st January 2022 US$ 美元120,333 (2,039)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币767,831
Buy USD and Sell CNH 21st January 2022 US$ 美元123,439 (3,509)
买美元沽人民币 二零二二年一月二十一日 CNH 人民币788,803
Buy USD and Sell GBP 21st January 2022 US$ 美元218,935 (35,209)
买美元沽英镑 二零二二年一月二十一日 GBP 英镑164,982
Buy USD and Sell GBP 21st January 2022 US$ 美元320,202 (61,003)
买美元沽英镑 二零二二年一月二十一日 GBP 英镑242,194
Buy USD and Sell GBP 21st January 2022 US$ 美元6,683 (1,134)
买美元沽英镑 二零二二年一月二十一日 GBP 英镑5,042
Buy USD and Sell GBP 21st January 2022 US$ 美元71,328 (8,152)
买美元沽英镑 二零二二年一月二十一日 GBP 英镑53,436
Buy USD and Sell GBP 21st January 2022 US$ 美元9,203 (1,666)
买美元沽英镑 二零二二年一月二十一日 GBP 英镑6,953
Buy USD and Sell GBP 21st January 2022 US$ 美元10,530 (2,006)
买美元沽英镑 二零二二年一月二十一日 GBP 英镑7,965
(1,533,066)
73 Schroder Asian Asset Income Fund
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(b) Futures
As at 31st December 2021, the Fund held
futures with UBS AG, London as shown below:
Underlying index
相关指数
Contract
size
合约数量
Notional
value
名义值
HK$
港元
Position
持仓
Fair value
公允值
HK$
港元
Financial assets:
金融资产：
US 10YR NOTE (CBT)
22/03/2022
10-Year US
Treasury note 6% (95) (96,631,484) Short 短仓 127,299
US 10YR NOTE (CBT)
22/03/2022
10-Year US
Treasury note 6% (85) (86,459,749) Short 短仓 352,052
479,351
(b) 期貨
截至二零二一年十二月三十一日，本基金持有以
UBS AG, London的期货：
施罗德亚洲高息股债基金 74
Details in Respect of Financial Derivative Instruments (Continued)
金融衍生工具的详情（续）
As at 31st December 2021
截至二零二一年十二月三十一日
(b) Futures (Continued) (b) 期货  （续）
Underlying index
相关指数
Contract
size
合约数量
Notional
value
名义值
HK$
港元
Position
持仓
Fair value
公允值
HK$
港元
Financial liabilities:
金融负债：
MSCI CHINA A 50 F 
21/01/2022
MSCI China A50
Connect Index 1,400 745,318,484 Long 長仓 (32,088,398)
MSCI CHINA FUTURE
18/03/2022
MSCI China Net
Total Return USD
Index 1,000 238,878,632 Long 長仓 (9,772,662)
MSCI CHINA FUTURE
18/03/2022
MSCI China Net
Total Return USD
Index 1,000 238,878,632 Long 長仓 (9,798,780)
MSCI CHINA FUTURE
18/03/2022
MSCI China Net
Total Return USD
Index 1,000 238,878,632 Long 長仓 (8,574,371)
MSCI SING IX ETS 
28/01/2022
MSCI Singapore
Free Index (1,050) (206,542,819) Short 短仓 (2,079,698)
MSCI SING IX ETS 
28/01/2022
MSCI Singapore
Free Index (450) (88,518,351) Short 短仓 (1,060,450)
SPI 200 FUTURES 
17/03/2022
S&P/ASX 200 
Index (300) (312,337,496) Short 短仓 (1,712,252)
US 10YR NOTE (CBT)
22/03/2022
10-Year US
Treasury note 6% (391) (397,714,845) Short 短仓 (4,405,821)
US 5YR NOTE (CBT) 
31/03/2022
5-Year US Treasury
note 6% (944) (890,352,082) Short 短仓 (4,368,560)
US 5YR NOTE (CBT) 
31/03/2022
5-Year US Treasury
note 6% (138) (130,157,402) Short 短仓 (302,594)
US LONG BOND(CBT)
22/03/2022
20-Year US
Treasury bond 6% (151) (188,873,651) Short 短仓 (2,170,539)
(76,334,125)
75 Schroder Asian Asset Income Fund
Collateral provider
提供抵押品对手
Nature
of the
collateral
抵押品的
性质
Credit
rating
信用
评级
Rating
agencies
评级机构
Maturity
tenor
到期日
Currency
denomination
计值货币
% of net
asset value
covered by
collateral
抵押品担保占
资产值百分比
Value
of the
collateral
抵押品价值
HK$
港元
BNP Paribas London
Cash
collateral
现金抵押品
N/A
不适用
N/A
不适用
N/A
不适用 USD 美元 0.01% 2,728,705
0.01% 2,728,705
Custody/Safe Keeping Arrangement
托管／保管安排
Custodians of Collateral
抵押品保管人
Amount of collateral 
received/held
收取／持有抵押品的金额
Proportion of collateral 
posted by the scheme
计划提供并存放于
独立帐户所占比例
HK$
港元 %
Segregated accounts 独立帐户
The Hongkong and Shanghai Banking Corporation 
Limited, Hong Kong 2,728,705 100%
Holdings of Collateral
所持有的抵押品
As at 31st December 2021
截至二零二一年十二月三十一日
SP_AAISAR_FEB22
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
              

                

               施罗德亚洲高息股债基金二零二一年度中期报告书.pdf