RCS - Schroder Orientl Inc - Results analysis from Kepler Trust Intelligence

Schroder Oriental Income FundAnnouncement

11/11/2025 17:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251111:nRSK1240Ha&default-theme=true

RNS Number : 1240H  Schroder Oriental Income Fund Ltd  11 November 2025

Schroder Oriental Income (SOI)

11/11/2025

Results analysis from Kepler Trust Intelligence

Schroder Oriental Income (SOI) has released its full year results for the year
ending 31/08/2025. Over the period, the trust saw a NAV total return of 14.9%,
and a share price total return of 17.9%, which compares to the return of the
reference index, the MSCI AC Pacific ex Japan Index, of 21.1%. Absolute
performance was strong, with this predominantly coming in the second half of
the financial year as a weakening US dollar provided a tailwind to the asset
class. However, the trust lagged the reference index, largely a result of not
holding a number of large cap Chinese companies.  However, these firms do not
meet the manager Richard Sennit's growing income objective.

Kepler View

The period saw several highlights, such as strong stock selection in the
trust's financial stocks and positive contribution from the tech holdings.
Despite this, Richard has shown good pragmatism, in our view, by trimming some
of these better performers and recycling the profits into better value ideas
which offer more dividend growth potential. One of the more intriguing
additions have been the two Indian stocks. India is not renowned for its
income generation and in fact, does not feature in SOI's reference index,
therefore these positions offer the potential for alpha generation, as well as
providing further differentiation to comparators.

This differentiation is further enhanced by the trust's natural income
approach in our opinion. Following changes amongst peers, SOI is the last
trust in the sector operating a traditional equity income strategy focussed on
stocks paying attractive or growing dividends. Therefore, we believe there is
potential for the trust to diverge from peers over time as the manager
identifies a different type of stock profile, which could lead to
diversification benefits for shareholders, as well as providing a growing
income stream over time. The year saw the trust's dividend increase for the
19th consecutive year, meaning it is just one year away from the AIC's
Dividend Hero status. Should this achievement be made, it would make SOI the
first Asia-focussed trust to achieve the accolade, further cementing its
status as a compelling growth and income opportunity, in our view.

CLICK HERE TO READ THE FULL REPORT
(https://www.trustintelligence.co.uk/investor/articles/news-investor-results-analysis-schroder-oriental-income-retail-nov-2025?utm_source=RNS&utm_medium=news)

Visit Kepler Trust Intelligence
(http://www.trustintelligence.co.uk/investor?utm_source=RNS&utm_medium=news)
for more high quality independent investment trust research.

 

Important information

This report has been issued by Kepler Partners LLP.  The analyst who has
prepared this report is aware that Kepler Partners LLP has a relationship with
the company covered in this report and/or a conflict of interest which may
impair the objectivity of the research.

Past performance is not a reliable indicator of future results. The value of
investments can fall as well as rise and you may get back less than you
invested when you decide to sell your investments. It is strongly recommended
that if you are a private investor independent financial advice should be
taken before making any investment or financial decision.

Kepler Partners is not authorised to make recommendations to retail clients.
This report has been issued by Kepler Partners LLP, is based on factual
information only, is solely for information purposes only and any views
contained in it must not be construed as investment or tax advice or a
recommendation to buy, sell or take any action in relation to any investment.

The information provided on this website is not intended for distribution to,
or use by, any person or entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation or which would
subject Kepler Partners LLP to any registration requirement within such
jurisdiction or country. In particular, this website is exclusively for non-US
Persons. Persons who access this information are required to inform themselves
and to comply with any such restrictions.

The information contained in this website is not intended to constitute, and
should not be construed as, investment advice. No representation or warranty,
express or implied, is given by any person as to the accuracy or completeness
of the information and no responsibility or liability is accepted for the
accuracy or sufficiency of any of the information, for any errors, omissions
or misstatements, negligent or otherwise. Any views and opinions, whilst given
in good faith, are subject to change without notice.

This is not an official confirmation of terms and is not a recommendation,
offer or solicitation to buy or sell or take any action in relation to any
investment mentioned herein. Any prices or quotations contained herein are
indicative only.

Kepler Partners LLP (including its partners, employees and representatives) or
a connected person may have positions in or options on the securities detailed
in this report, and may buy, sell or offer to purchase or sell such securities
from time to time, but will at all times be subject to restrictions imposed by
the firm's internal rules. A copy of the firm's Conflict of Interest policy is
available on request.

PLEASE SEE ALSO OUR TERMS AND CONDITIONS
(http://www.trustintelligence.co.uk/investor/terms?utm_source=RNS&utm_medium=news)

Kepler Partners LLP is authorised and regulated by the Financial Conduct
Authority (FRN 480590), registered in England and Wales at 70 Conduit Street,
London W1S 2GF with registered number OC334771.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAKZMMMVMMGKZM



            Copyright 2019 Regulatory News Service, all rights reserved