Schroder Oriental Income Fund Limited
SOIFF
Other OTC4.75
USD
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Schroder Oriental Income Fund Limited
SOIFF
(Other OTC)
Recent
price
4.75
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Schroder Oriental Income Fund Limited (LSE: SOI; OTC: SOIFF) is a Guernsey-domiciled closed-end investment company that seeks to provide investors with a total return, primarily through income and capital growth, by investing in a diversified portfolio of equities and equity-related investments in companies based in, or deriving a significant proportion of their revenues from, the Asia Pacific region (excluding Japan) that offer attractive dividend yields. The portfolio spans multiple sectors including financials, real estate, information technology, communication services, consumer discretionary, consumer staples, healthcare, energy, materials and industrials; key holdings encompass banks such as DBS Group and Bank of China (Hong Kong), stock exchanges like Hong Kong Exchanges, insurers including AIA Group, technology firms such as Taiwan Semiconductor Manufacturing Co (TSMC) and CATL, real estate companies like Swire Properties and China Resources Land, utilities including Power Grid Corporation of India, and consumer-facing businesses such as Kweichow Moutai and Anta Sports. The Company pays dividends quarterly and has achieved 19 consecutive years of dividend growth since inception, positioning it as a member of the Association of Investment Companies' (AIC) next generation of dividend heroes, with its benchmark being the MSCI AC Pacific ex Japan Net Return (GBP) Index. Founded on 28 July 2005 and headquartered at Arnold House, St Julian's Avenue, St Peter Port, Guernsey, the Company operates primarily in Asian equity income markets, targeting institutional and retail investors seeking diversified exposure to high-quality, dividend-paying companies across countries including China, Hong Kong, Singapore, Australia, Taiwan, Korea, India, Indonesia, Malaysia, Thailand, New Zealand and the Philippines. In recent strategic developments, the Company transitioned its depositary and custodian services to J.P. Morgan Europe Limited and designated administrator role to J.P. Morgan Administration Services (Guernsey) effective 3 October 2025, aiming to achieve cost savings through greater scale efficiencies and maintain a competitive ongoing charges figure amid industry cost pressures. The Board negotiated a simplified investment management fee structure with Schroder Investment Management Limited, eliminating the performance fee effective 31 August 2026 to enhance transparency and deliver cost savings for shareholders. It also renewed and reduced its multicurrency revolving credit facility with The Bank of Nova Scotia to £75 million, resulting in a net gearing position of 3.9% as at 31 August 2025, while actively repurchasing 12.6 million shares (5.2% of issued capital) to manage the discount to net asset value, which narrowed to 5.0% at year-end. Portfolio adjustments during the year ended 31 August 2025 included initiating exposure to India with Power Grid Corporation of India, adding positions in China such as CATL, Anta Sports and Kweichow Moutai, and new holdings like Largan Precision (Taiwan), CIMB (Malaysia) and Galaxy Entertainment (Hong Kong/Macau); additions were made to real estate, insurance and technology names, while reductions and exits occurred in financials (e.g., Singapore Exchange, Westpac), IT (e.g., Delta Electronics, Venture Corporation) and other sectors to refine income-focused positioning. The Company is managed by Schroder Investment Management Limited, with lead portfolio manager Richard Sennitt leveraging Schroders' extensive Asia Pacific research team across six regional offices, and its independent board includes Chair Nicholas Winsor, Senior Independent Director Alexa Coates and other non-executive directors overseeing governance and shareholder value initiatives.