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| 施罗德亚洲高息股债M(968013) 基金公开信息 | |||||||||
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| 流水号 | 2230813 | ||||||||
| 基金代码 | 968013 | ||||||||
| 公告日期 | 2021-02-27 | ||||||||
| 编号 | 1 | ||||||||
| 标题 | 施罗德亚洲高息股债基金二零二零年度中期报告书 | ||||||||
| 信息全文 | 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 2020 二零二零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 Pacifc 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 Note The Hongkong and Shanghai Banking Corporation Limited 1 Queen’s Road Central Hong Kong Auditor PricewaterhouseCoopers Certifed Public Accountants 22/F Prince’s Building Central Hong Kong 基金?理? 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?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 ?释 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） Note: Effect from 1st July 2020, the registrar’s service provider has changed from HSBC France, Luxembourg Branch to The Hongkong and Shanghai Banking Corporation Limited and the address of registrar’s service provider has changed to 1 Queen’s Road Central, Hong Kong. ?释： 自二零二零年七月一日起，注册登记机构之服务提供机构已从 HSBC France, Luxembourg Branch 更改为香港上海汇丰银行有限公司，注册登记机构之服务提供机构的地址已更改为香港中 环皇后大道中1号。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 fnd the FATCA classifcation of this entity and its Global Intermediary Identifcation Number (“GIIN”) below. FATCA entity classifcation: 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?理?报告 1﹣16 Statement of fnancial position 财务状况报表 17 Statement of comprehensive income 全面??报表 18﹣20 Statement of changes in net assets attributable to unitholders 分配给?额持有人净资产变动报表 21﹣28 Statement of cash ?ows 现金流量表 29﹣30 Investment portfolio 投资组合 31﹣49 Investment portfolio movements 投资组合变动 50﹣63 Details in respect of fnancial derivative instruments 金融衍生工具的详情 64﹣73 Holdings of collateral 所持有的抵押品 741 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 Market Review In Q3 2020, Asian equities registered a robust return, aided by optimism for a Covid﹣19 vaccine and US dollar weakness. Taiwan, where IT stocks supported gains, and South Korea were among the best﹣performing index markets. Meanwhile, Thailand and Indonesia and, to a lesser extent, the Philippines and Singapore fnished in negative territory and underperformed. In fxed income, government bonds reflected the contending forces in markets. Optimism over supportive policy and signs of economic recovery were pitted against continued fears over new Covid﹣19 infections. The US 10﹣year yield was largely unchanged, while corporate bonds enjoyed a decidedly positive quarter, as riskier assets were broadly buoyant and monetary policy helped anchor yields at low levels. Going into the fnal quarter of the year, Asian equities continued to perform well, with US dollar weakness amplifying gains. The rally in commodity prices, in anticipation of a global economic recovery, was also supportive of EM net exporters. Within Asia, South Korea was the best﹣performing index market, aided by strong gains from the tech sector. On the other hand, China and Hong Kong generated more modest gains and underperformed as tensions with the US and anti﹣trust moves weighed on sentiment somewhat. In fxed income, the US 10﹣year yield was 25 bps higher, fnishing at 0.91%. Corporate bonds outperformed, government bonds, with both investment grade and high yield delivering strong positive total returns. ?场观? 有赖新冠肺炎疫苗乐观气氛和美元偏软，二零二 零年第三季亚洲股市录得可观回报。台湾（资讯 科技股支持升幅） 及南韩都位居表现最佳市场之 列。与此同时，泰国和印尼及（较低程度上） 菲律 宾和新加坡却见低收兼落后同侪。固定收益方 面，政府债券反映市场上多种力量正在互相抗 衡。市场既看好支持政策和经济复甦迹象，同时 又继续对新增感染新冠肺炎个案忧心忡忡。美国 十年期国库券??率大致持平，企业债券季内则 表现亮丽，原因是风险较高资产普遍受追捧，货 币政策又有助将??率维持在低水平。踏入第四 季，亚洲股市持续造好，美元弱势令升幅更形丰 厚。预期环球经济复甦，商品价格上扬亦支持新 兴市场净出口国。亚洲区内，得力于科技股升幅 强劲，南韩为表现最佳指数市场。另一方面，中 港股市升幅较温和兼表现逊色，原因是中美关系 紧张，反垄断措施亦令气氛略为受压。固定收益 方面，美国十年期国库券??率升 25基点，收 报 0.91厘。企业债券表现突出，政府债券（投资 级别和高收益） 同样录得丰厚总回报。施罗德亚洲高息股债基金 2 Manager’s Report 基金?理?报告 Outlook Going into the New Year, we expect the themes of economic revival and sector rotation to dominate markets as the world continues to battle Covid﹣19 with vaccines and various measures. While the recent resurgence in cases might cause some slight volatility, we believe the positive momentum could continue and will beneft the “leave home” (vs “stay home”) sectors such as retail, travel and hospitality. These names were previously most impacted by Covid﹣19, and therefore exhibit more attractive valuations as compared to the technology winners which outperformed last year. With the economy gradually normalizing, we believe the money ?ow, which previously piled into growth / tech names, could also move back into dividend plays, presenting a tactical opportunity. Striking a balance between different styles and actively managing the exposures would be the focus of our strategy going forward. Within the equity portfolio, we have also added to more consumer names, such as luxury goods and discretionary products, as we expect consumer behaviour to normalize as pent﹣up demand picks up, especially in Asia where the virus situation is more controlled and could see a sooner recovery. For fxed income, valuations remain expensive despite a modest normalization in yields. We maintain a positive view on credit in spite of valuations that begin to look stretched. 展望 踏入新一年，我们预期，随著全球继续以疫苗和 各项措施对抗新冠肺炎，经济复甦和板块轮动主 题会主导大市。近期感染宗数回升也许会导致若 干轻微波动，我们相信利好动力或可延续，并会 利好零售、旅游及酒店等「离家」（相对于「居家」） 板块。这些股份之前在新冠肺炎下首当其冲，估 值因而较去年跑赢大市的科技股赢家吸引。随著 经济逐步重拾正轨，我们相信之前涌入增长／科 技股的资金亦有望重投高息概念股，造就策略上 的机会。我们此后的策略将会聚集于在不同风格 之间取得平衡和主动管理风险承担。股票组合当 中，我们亦已加入较多消费股（例如奢侈品和非 必需产品），因为我们预期消费行为会随著积压 需求回升而回复常态，特别是疫情较受控、可望 较早复甦的亚洲。固定收益方面，尽管??率略 为正常化，估值依然昂贵。尽管信贷开始呈现疲 态，我们仍然采取乐观看法。具体而言，二零 二一年第二季出现疫苗复甦的或然率不断提高， 对基本因素和冒险意欲都有正面启示。至于本基 金策略，我们继续参与某些具吸引力的交易。3 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 Specifically, the increasing probability of a vaccinated recovery coming through in the second quarter of 2021 has positive implications for both fundamentals and risk appetite. In terms of our strategy, we continue to take part in selective attractive deals. Within EM and local markets, we prefer higher quality corporate credits based on more favourable valuations and a weaker US dollar. Changes in fiscal and monetary policy will likely see high volatility in government bond yields in the coming months, and management of duration risk will be more important going forward. All in all, we continue to emphasize the importance of security selection and risk management as uncertainties remain and could weigh on markets. 对于新兴市场和中国市场，我们基于估值较吸引 和美元偏软而属意质素较佳的企业信贷。财政和 货币政策变动有机会导致未来数月政府债券?? 率大幅波动，此后管理存续期风险将更为重要。 总而言之，局势续欠明朗，有可能令市场受压， 我们继续强调证券挑选和风险管理的重要性。 Outlook (Continued) 展望（续）施罗德亚洲高息股债基金 4 截至二零二零年十二月三十一日，基金总值 29,581,312,099港元，发行?额如下： Manager’s Report 基金?理?报告 As at 31st December 2020, the Fund size was HK$29,581,312,099, represented by units as below: 31st December 2020 二零二零年 十二月三十一日 Units ?额 30th June 2020 二零二零年 六月三十日 Units ?额 Class A 类别 HKD Accumulation Units 港元累积?额 1,539,926.42 1,635,078.71 HKD Distribution Units 港元收息?额 79,923,902.32 87,407,766.67 USD Accumulation Units 美元累积?额 6,555,142.17 8,711,106.87 USD Distribution Units 美元收息?额 127,175,396.15 140,638,049.94 AUD Hedged Distribution Units 澳元对冲收息?额 58,294,725.35 64,635,380.73 RMB Hedged Distribution Units 人民币对冲收息?额 35,685,879.36 39,432,221.46 GBP Hedged Accumulation Units英镑对冲累积?额 41,206.83 111,488.61 GBP Hedged Distribution Units 英镑对冲收息?额 822,809.56 793,971.76 Class C 类别 HKD Accumulation Units 港元累积?额 201,848.19 241,771.53 HKD Distribution Units 港元收息?额 567,148.08 560,525.85 USD Accumulation Units 美元累积?额 7,634,578.92 9,627,267.89 USD Distribution Units 美元收息?额 1,672,164.23 1,348,450.11 AUD Hedged Distribution Units 澳元对冲收息?额 222,479.95 222,459.59 Class I 类别 USD Accumulation Units 美元累积?额 1,058,603.02 1,320,034.13 USD Distribution Units 美元收息?额 623,762.48 2,771,963.55 Class M 类别 RMB Hedged Accumulation Units 人民币对冲累积?额 9,293,974.49 11,010,553.35 Class X 类别 HKD Accumulation Units 港元累积?额 67.62 67.62 HKD Distribution Units 港元收息?额 14,025.20 5,264.40 USD Accumulation Units 美元累积?额 68.14 68.14 USD Distribution Units 美元收息?额 122,791.45 80,711.225 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 The prices of units were: 基金?额价格如下： NeT ASSeT VALUe PeR UNIT 每?额净资产 31st December 2020 二零二零年 十二月三十一日 30th June 2020 二零二零年 六月三十日 Class A 类别 HKD Accumulation Units 港元累积?额 HK$ 港元 164.6066 HK$ 港元 146.6570 HKD Distribution Units 港元收息?额 HK$ 港元 101.4384 HK$ 港元 92.5558 USD Accumulation Units 美元累积?额 US$ 美元 16.5310 US$ 美元 14.7348 USD Distribution Units 美元收息?额 US$ 美元 10.1878 US$ 美元 9.2998 AUD Hedged Distribution Units 澳元对冲收息?额 AU$ 澳元 9.3688 AU$ 澳元 8.5850 RMB Hedged Distribution Units 人民币对冲收息?额 RMB 人民币 96.0154 RMB 人民币 87.5294 GBP Hedged Accumulation Units 英镑对冲累积?额 GBP 英镑 11.3617 GBP 英镑 10.1036 GBP Hedged Distribution Units 英镑对冲收息?额 GBP 英镑 9.6817 GBP 英镑 8.8607 Class C 类别 HKD Accumulation Units 港元累积?额 HK$ 港元 176.2898 HK$ 港元 156.4946 HKD Distribution Units 港元收息?额 HK$ 港元 108.6752 HK$ 港元 98.7982 USD Accumulation Units 美元累积?额 US$ 美元 15.8339 US$ 美元 14.0621 USD Distribution Units 美元收息?额 US$ 美元 10.5169 US$ 美元 9.5652 AUD Hedged Distribution Units 澳元对冲收息?额 AU$ 澳元 9.6807 AU$ 澳元 8.8385 Class I 类别 USD Accumulation Units 美元累积?额 US$ 美元 16.4762 US$ 美元 14.5809 USD Distribution Units 美元收息?额 US$ 美元 12.8136 US$ 美元 11.6165 Class M 类别 RMB Hedged Accumulation Units 人民币对冲累积?额 RMB人民币 134.3015 RMB人民币 118.4884 Class X 类别 HKD Accumulation Units 港元累积?额 HK$ 港元 164.2496 HK$ 港元 146.3287 HKD Distribution Units 港元收息?额 HK$ 港元 152.2950 HK$ 港元 138.9591 USD Accumulation Units 美元累积?额 US$ 美元 16.4801 US$ 美元 14.6900 USD Distribution Units 美元收息?额 US$ 美元 15.2953 US$ 美元 13.9618施罗德亚洲高息股债基金 6 Manager’s Report 基金?理?报告 DISTRIBUTIONS HKD Class A 港元A类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 HK$ 港元 Total distribution amount 总派息额 HK$ 港元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 88,898,313.08 0.445092 39,567,927.97 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 88,776,452.97 0.435413 38,654,421.72 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 87,717,817.54 0.438663 38,478,561.00 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 88,414,877.13 0.441385 39,025,000.54 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 89,830,814.72 0.392868 35,291,652.52 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 90,786,463.32 0.389063 35,321,653.78 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 94,945,003.48 0.391757 37,195,369.73 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 93,723,903.07 0.383074 35,903,190.44 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 89,450,828.86 0.316306 28,293,833.87 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 89,381,546.75 0.349104 31,203,455.50 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 89,675,305.97 0.358850 32,179,983.55 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 87,407,766.67 0.367633 32,133,979.48 派息7 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) HKD Class C 港元C类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 HK$ 港元 Total distribution amount 总派息额 HK$ 港元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 547,865.43 0.471898 258,536.60 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 554,432.73 0.461958 256,124.64 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 564,280.14 0.465666 262,766.08 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 566,980.10 0.468881 265,846.20 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 567,444.17 0.417573 236,949.36 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 568,634.25 0.413701 235,244.56 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 555,709.47 0.416913 231,682.50 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 556,709.48 0.407899 227,081.24 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 557,292.79 0.336991 187,802.65 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 557,300.91 0.372139 207,393.40 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 560,517.43 0.382795 214,563.27 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 560,525.85 0.392428 219,966.04 派息（续）施罗德亚洲高息股债基金 8 DISTRIBUTIONS (Continued) HKD Class X 港元X类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 HK$ 港元 Total distribution amount 总派息额 HK$ 港元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 64.69 0.668447 43.24 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 64.97 0.653680 42.47 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 65.24 0.658585 42.97 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 65.51 0.662687 43.41 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 65.79 0.589838 38.81 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 66.04 0.584123 38.58 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 358.87 0.588169 211.08 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 358.63 0.575131 206.26 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 3,772.49 0.474888 1,791.51 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 3,295.35 0.524128 1,727.19 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 3,874.83 0.538762 2,087.61 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 5,264.40 0.551947 2,905.67 派息（续） Manager’s Report 基金?理?报告9 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) USD Class A 美元A类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 US$ 美元 Total distribution amount 总派息额 US$ 美元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 137,863,971.73 0.044352 6,114,542.87 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 138,651,348.62 0.043216 5,991,956.68 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 139,387,296.50 0.043587 6,075,474.09 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 142,158,110.64 0.043838 6,231,927.25 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 147,084,127.29 0.039078 5,747,753.53 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 149,839,577.39 0.038910 5,830,257.96 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 157,684,417.32 0.039246 6,188,482.64 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 152,056,835.34 0.038276 5,820,127.43 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 143,165,404.56 0.031770 4,548,364.90 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 142,950,337.34 0.035079 5,014,554.88 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 142,770,091.81 0.036048 5,146,576.27 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 140,638,049.94 0.036939 5,195,028.93 派息（续）施罗德亚洲高息股债基金 10 Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) USD Class C 美元C类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 US$ 美元 Total distribution amount 总派息额 US$ 美元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 249,535.26 0.045307 11,305.69 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 311,188.95 0.044179 13,748.02 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 333,131.30 0.044585 14,852.66 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 500,289.96 0.044873 22,449.51 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 715,668.94 0.040025 28,644.65 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 739,344.32 0.039870 29,477.66 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 1,210,437.79 0.040246 48,715.28 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 1,286,597.05 0.039273 50,528.53 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 1,159,864.23 0.032614 37,827.81 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 1,159,864.23 0.036030 41,789.91 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 1,260,388.45 0.037052 46,699.91 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 1,348,450.11 0.037993 51,231.67 派息（续）11 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) USD Class I 美元I类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 US$ 美元 Total distribution amount 总派息额 US$ 美元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 5,235,321.34 0.054666 286,194.08 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 2,796,424.67 0.053340 149,161.29 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 2,796,031.84 0.053856 150,583.09 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 2,790,488.85 0.054240 151,356.12 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 2,790,488.85 0.048404 135,070.82 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 2,790,488.85 0.048236 134,602.02 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 2,784,640.15 0.048730 135,695.51 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 2,784,640.15 0.047578 132,487.61 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 2,784,640.15 0.039534 110,087.96 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 2,777,548.03 0.043699 121,376.07 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 2,771,963.55 0.044968 124,649.66 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 2,771,963.55 0.046141 127,901.17 派息（续）施罗德亚洲高息股债基金 12 DISTRIBUTIONS (Continued) USD Class X 美元X类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 US$ 美元 Total distribution amount 总派息额 US$ 美元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 82.90 0.066579 5.52 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 83.26 0.064844 5.40 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 83.60 0.065405 5.47 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 83.95 0.065783 5.52 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 84.30 0.058640 4.94 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 17,080.08 0.058418 997.78 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 24,779.62 0.058921 1,460.04 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 27,393.49 0.057465 1,574.17 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 35,041.96 0.047697 1,671.40 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 36,647.01 0.052665 1,930.01 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 39,879.33 0.054121 2,158.31 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 80,711.22 0.055458 4,476.08 派息（续） Manager’s Report 基金?理?报告13 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) AUD Hedged Class A 澳元对冲A类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 AU$ 澳元 Total distribution amount 总派息额 AU$ 澳元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 64,283,673.21 0.032991 2,120,782.66 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 64,018,644.70 0.032122 2,056,406.91 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 63,132,623.04 0.030389 1,918,537.28 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 63,746,533.23 0.030548 1,947,329.10 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 63,359,067.11 0.028251 1,789,957.00 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 62,783,217.76 0.028139 1,766,656.96 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 67,106,464.84 0.028371 1,903,877.51 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 66,644,500.14 0.027674 1,844,319.90 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 65,887,463.62 0.027770 1,829,694.86 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 66,361,847.03 0.032428 2,151,981.98 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 67,344,552.89 0.033303 2,242,775.64 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 64,635,380.73 0.034100 2,204,066.48 派息（续）施罗德亚洲高息股债基金 14 Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) AUD Hedged Class C 澳元对冲C类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 AU$ 澳元 Total distribution amount 总派息额 AU$ 澳元 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 37,375.70 0.033726 1,260.53 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 96,312.55 0.032857 3,164.54 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 96,315.25 0.031101 2,995.50 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 134,640.42 0.031280 4,211.55 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 134,643.02 0.028945 3,897.24 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 134,645.46 0.028842 3,883.44 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 238,331.21 0.029132 6,943.06 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 238,333.66 0.028433 6,776.54 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 238,336.18 0.028549 6,804.26 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 238,339.08 0.033354 7,949.56 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 222,456.41 0.034263 7,622.02 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 222,459.59 0.035107 7,809.89 派息（续）15 Schroder Asian Asset Income Fund Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) RMB Hedged Class A 人民币对冲A类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?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 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 39,077,837.68 0.439633 17,179,907.01 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 38,966,840.50 0.468992 18,275,136.46 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 39,281,133.67 0.472884 18,575,419.61 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 39,777,172.44 0.475586 18,917,466.33 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 39,828,065.32 0.450556 17,944,773.80 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 40,334,537.63 0.448475 18,089,031.76 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 41,466,940.13 0.452263 18,753,962.74 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 41,217,799.89 0.440961 18,175,442.26 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 40,306,097.15 0.366213 14,760,616.76 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 40,201,400.52 0.365045 14,675,320.25 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 40,267,546.59 0.375029 15,101,497.73 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 39,432,221.46 0.439656 17,336,612.76 派息（续）施罗德亚洲高息股债基金 16 Manager’s Report 基金?理?报告 DISTRIBUTIONS (Continued) GBP Hedged Class A 英镑对冲A类别?额 Record date 纪录日 Payment date 派息日 No. of units entitled distributions 有权收取派息 之?额 Distribution per unit 每?额 派息额 GBP 英镑 Total distribution amount 总派息额 GBP 英镑 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the year ended 30th June 2020 二零二零年六月三十日止年度 24th July 2019二零一九年七月二十四日 6th August 2019二零一九年八月六日 451,500.12 0.029800 13,454.70 28th August 2019二零一九年八月二十八日 9th September 2019二零一九年九月九日 525,888.70 0.029007 15,254.45 25th September 2019二零一九年九月二十五日 8th October 2019二零一九年十月八日 590,979.92 0.029264 17,294.44 30th October 2019二零一九年十月三十日 12th November 2019二零一九年十一月十二日 570,281.18 0.029428 16,782.23 27th November 2019二零一九年十一月二十七日 10th December 2019二零一九年十二月十日 569,701.76 0.027071 15,422.40 18th December 2019二零一九年十二月十八日 2nd January 2020二零二零年一月二日 615,378.28 0.026971 16,597.37 29th January 2020二零二零年一月二十九日 10th February 2020二零二零年二月十日 814,723.02 0.027186 22,149.06 26th February 2020二零二零年二月二十六日 9th March 2020二零二零年三月九日 801,789.57 0.026520 21,263.46 25th March 2020二零二零年三月二十五日 7th April 2020二零二零年四月七日 804,988.14 0.026958 21,700.87 22nd April 2020二零二零年四月二十二日 6th May 2020二零二零年五月六日 814,390.41 0.031669 25,790.93 27th May 2020二零二零年五月二十七日 9th June 2020二零二零年六月九日 793,274.66 0.032540 25,813.16 30th June 2020二零二零年六月三十日 10th July 2020二零二零年七月十日 793,971.76 0.033339 26,470.22 派息（续） Schroder Investment Management (Hong Kong) Limited 22nd February 2021 施罗德投资管理（香港） 有限公司 二零二一年二月二十二日17 Schroder Asian Asset Income Fund Statement of Financial Position 财务状况报表 As at 31st December 2020 截至二零二零年十二月三十一日 31st December 2020 二零二零年 十二月三十一日 HK$ 港元 30th June 2020 二零二零年 六月三十日 HK$ 港元 ASSeTS 资产 Current assets流动资产 Investments投资 28,739,541,792 28,148,087,819 Derivative fnancial instruments衍生金融工具 230,562,372 55,705,429 Amounts receivable on disposal of investments应收出售投资款项 33,898,417 141,559,039 Amounts receivable on subscription of units应收认购?额款项 124,602,851 58,070,949 Dividends receivable应收?利 24,545,487 49,851,385 Interest receivable on debt securities应收债务证券利息 136,441,283 144,762,179 Interest receivable on bank deposits应收存款利息 12 33 Other receivables and prepayments其他应收款项及预付款项 128,305 244,573 Margin deposits保证金 257,274,029 114,669,712 Cash collateral现金抵押品 – 8,990,522 Cash and bank depositsNote 1现金及银行存款注释1 404,276,271 1,164,773,292 Total assets资产总值 29,951,270,819 29,886,714,932 LIABILITIeS 负债 Current liabilities 流动负债 Derivative fnancial instruments衍生金融工具 55,948,503 46,143,137 Amounts payable on purchase of investments应付认购投资款项 – 192,313,626 Amounts payable on redemption of units应付赎回?额款项 163,386,651 122,887,353 Distributions payable应付?利 111,321,674 105,111,413 Cash collateral liabilities现金抵押品负债 2,171,078 6,122,855 Other payables其他应付款项 37,130,814 36,693,647 Liabilities (excluding net assets attributable to unitholders) 负债值（除归于份额持有人净资产） 369,958,720 509,272,031 Net assets attributable to unitholders 归于份额持有人净资产 29,581,312,099 29,377,442,901 Note: Semi﹣annual report has applied the same accounting policies and methods of computation as are applied in the annual report of the Fund. ?释： 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 2020, cash collateral amounting to HK$2,171,078 were held under The Hongkong and Shanghai Banking Corporation Limited and included as cash and bank deposit under the statement of fnancial position (30th June 2020: HK$6,122,855). 注释1： 截至二零二零年十二月三十一日，香港上海滙丰银行有限公司持有现金抵押品的金額为2,171,078 港元，當中包括在财务状况报表中的现金及银行存款（二零二零年六月三十日：6,122,855港元）。施罗德亚洲高息股债基金 18 For the period from 1st July 2020 to 31st December 2020 由二零二零年 七月一日至十二月 三十一日止期间 HK$ 港元 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 HK$ 港元 INCOMe ?? Dividends ?利 316,455,237 407,577,478 Interest on bank deposits 存款利息 7,286 4,858,136 Interest on debt securities 债务证券利息 270,610,131 294,735,347 Interest on collateral 抵押品利息 3,149 – Net realised gains on investments and derivative fnancial instruments 出售投资及衍生金融工具净收益 197,485,190 201,266,144 Net change in unrealised appreciation/depreciation in value of investments and derivative fnancial instruments 投资及衍生金融工具的未变现增值╱贬值 3,688,650,814 (608,417,098) Net exchange gains/(losses) 汇兑净收益╱（亏损） 13,960,709 (6,792,522) Other income 其他?? 289,658 465,372 Total net income 总净?? 4,487,462,174 293,692,857 eXPeNSeS 支出 Management fee 管理费用 176,438,802 203,231,563 Trustee fee 受托人费用 10,222,496 11,747,610 Safe custody and bank chargesNote 代管费用及银行费用?释 4,269,873 3,291,312 Auditor’s remuneration 审计师酬金 111,367 82,212 Legal and other professional feesNote 法律及专业费用?释 203,257 144,302 Transaction handling feesNote 交易手续费?释 279,988 79,564 Transaction costNote 交易成本?释 11,750,120 5,316,634 Interest expense 利息支出 54,280 – Other operating expensesNote 其他经营费用?释 29,710,171 33,817,095 Total operating expenses 总经营费用 233,040,354 257,710,292 Statement of Comprehensive Income 全面??报表 For the period ended 31st December 2020 二零二零年十二月三十一日止期间19 Schroder Asian Asset Income Fund Statement of Comprehensive Income (Continued) 全面??报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 HK$ 港元 Operating profit 经营盈利 4,254,421,820 35,982,565 Finance cost 财务成本 Distributions to unitholders ?利?红给?额持有人 (640,878,472) (702,572,432) Profit/(loss) after distribution and before tax 派发?利后及预扣税前之盈利╱（亏损） 3,613,543,348 (666,589,867) Withholding tax 预扣税项 (34,779,189) (31,929,274) Capital gain tax 资产增值预扣税 (38,340) (2,110,278) Increase/(decrease) in net assets attributable to unitholders 归于份额持有人净资产之增加╱（减少） 3,578,725,819 (700,629,419)施罗德亚洲高息股债基金 20 Statement of Comprehensive Income (Continued) 全面??报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Note During the period ended 31st December 2020 and 2019, Trustee fee and transaction handling fees were paid to the Trustee or its connected persons, Management fee was paid to the Manager. Other respective amounts paid to the Manager, Trustee or their Connected Persons were as follows: ?释 于二零二零年及二零一九年十二月三十一日止期间，受托人费用及交易手续费支付予受托人或其关 连人士，管理费用支付予基金?理?，其他支付予基金?理?、受托人或其关连人士的金额如下： Paid to 支付予 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 For the period from 1st July 2019 to 31st December 2019 由二零一九年 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 受托人或其关连人士 2,075,673 2,408,451 Legal and other professional fees 法律及专业费用 Trustee or its Connected Persons 受托人或其关连人士 – 23,000 Transaction cost 交易成本 Trustee or its Connected Persons 受托人或其关连人士 269,765 243,916 Interest expense 利息支出 Trustee or its Connected Persons 受托人或其关连人士 168 – Other operating expenses 其他经营费用 – Other fees 其他支出 Trustee or its Connected Persons 受托人或其关连人士 1,069,906 1,081,520 – Net registrar’ s cost 注册登记机构费用 Trustee or its Connected Persons 受托人或其关连人士 28,269,133 32,570,24521 Schroder Asian Asset Income Fund Statement of Changes in Net Assets Attributable to Unitholders 分配给?额持有人净资产变动报表 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the period from 1st July 2019 to 31st December 2019 由二零一九年 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 29,377,442,901 33,347,675,780 Proceeds from subscription of units 认购?额所得款项 2,505,243,753 10,015,448,183 Payments on redemption of units 赎回?额支付款项 (5,880,100,373) (8,098,232,334) (3,374,856,620) 1,917,215,849 Increase/(decrease) in net assets attributable to unitholders 归于份额持有人净资产之增加╱（减少） 3,578,725,818 (700,629,419) Balance at the end of the period 期末总值 29,581,312,099 34,564,262,210施罗德亚洲高息股债基金 22 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 HKD Class A Accumulation Units 港元A类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 1,635,078.71 1,884,213.91 Units issued 发行?额 86,708.13 452,530.33 Units redeemed 赎回?额 (181,860.42) (545,834.33) Number of units in issue at the end of the period 期末已发行?额数目 1,539,926.42 1,790,909.91 HKD Class A Distribution Units 港元A类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 87,407,766.67 87,847,766.97 Units issued 发行?额 7,987,236.09 26,271,934.68 Units redeemed 赎回?额 (15,471,100.44) (23,102,822.29) Number of units in issue at the end of the period 期末已发行?额数目 79,923,902.32 91,016,879.36 HKD Class C Accumulation Units 港元C类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 241,771.53 246,761.64 Units issued 发行?额 – 1,353.17 Units redeemed 赎回?额 (39,923.34) (6,531.57) Number of units in issue at the end of the period 期末已发行?额数目 201,848.19 241,583.24 Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间23 Schroder Asian Asset Income Fund Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 HKD Class C Distribution Units 港元C类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 560,525.85 536,009.31 Units issued 发行?额 11,188.74 32,624.94 Units redeemed 赎回?额 (4,566.51) – Number of units in issue at the end of the period 期末已发行?额数目 567,148.08 568,634.25 USD Class A Accumulation Units 美元A类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 8,711,106.87 9,180,049.16 Units issued 发行?额 279,967.19 1,852,008.35 Units redeemed 赎回?额 (2,435,931.89) (1,273,227.83) Number of units in issue at the end of the period 期末已发行?额数目 6,555,142.17 9,758,829.68 USD Class A Distribution Units 美元A类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 140,638,049.94 135,592,271.78 Units issued 发行?额 15,070,213.41 47,464,812.46 Units redeemed 赎回?额 (28,532,867.20) (33,028,811.83) Number of units in issue at the end of the period 期末已发行?额数目 127,175,396.15 150,028,272.41施罗德亚洲高息股债基金 24 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 USD Class C Accumulation Units 美元C类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 9,627,267.89 5,761,594.25 Units issued 发行?额 49,629.55 3,725,624.94 Units redeemed 赎回?额 (2,042,318.52) (334,241.02) Number of units in issue at the end of the period 期末已发行?额数目 7,634,578.92 9,152,978.17 USD Class C Distribution Units 美元C类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 1,348,450.11 213,478.27 Units issued 发行?额 430,152.20 540,100.79 Units redeemed 赎回?额 (106,438.08) (14,234.74) Number of units in issue at the end of the period 期末已发行?额数目 1,672,164.23 739,344.32 USD Class I Accumulation Units 美元I类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 1,320,034.13 1,586,829.98 Units redeemed 赎回?额 (261,431.11) (261,810.68) Number of units in issue at the end of the period 期末已发行?额数目 1,058,603.02 1,325,019.30 Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间25 Schroder Asian Asset Income Fund 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 USD Class I Distribution Units 美元I类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 2,771,963.55 5,235,321.34 Units redeemed 赎回?额 (2,148,201.07) (2,450,681.19) Number of units in issue at the end of the period 期末已发行?额数目 623,762.48 2,784,640.15 AUD Hedged Class A Distribution Units 澳元对冲A类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 64,635,380.73 65,160,930.69 Units issued 发行?额 4,233,664.40 16,463,127.48 Units redeemed 赎回?额 (10,574,319.78) (18,602,776.15) Number of units in issue at the end of the period 期末已发行?额数目 58,294,725.35 63,021,282.02 AUD Hedged Class C Distribution Units 澳元对冲C类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 222,459.59 37,372.98 Units issued 发行?额 20.36 105,040.92 Number of units in issue at the end of the period 期末已发行?额数目 222,479.95 142,413.90 Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零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 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 RMB Hedged Class A Distribution Units 人民币对冲A类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 39,432,221.46 38,100,351.91 Units issued 发行?额 2,609,190.57 8,859,982.20 Units redeemed 赎回?额 (6,355,532.67) (6,835,749.61) Number of units in issue at the end of the period 期末已发行?额数目 35,685,879.36 40,124,584.50 RMB Hedged Class M Accumulation Units 人民币对冲M类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 11,010,553.35 12,196,315.81 Units issued 发行?额 98,521.75 4,745,931.02 Units redeemed 赎回?额 (1,815,100.61) (4,644,691.56) Number of units in issue at the end of the period 期末已发行?额数目 9,293,974.49 12,297,555.27 GBP Hedged Class A Accumulation Units 英镑对冲A类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 111,488.61 36,989.07 Units issued 发行?额 7,699.77 13,844.54 Units redeemed 赎回?额 (77,981.55) – Number of units in issue at the end of the period 期末已发行?额数目 41,206.83 50,833.61 Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间27 Schroder Asian Asset Income Fund 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 GBP Hedged Class A Distribution Units 英镑对冲A类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 793,971.76 397,142.20 Units issued 发行?额 235,772.68 360,040.29 Units redeemed 赎回?额 (206,934.88) (141,503.79) Number of units in issue at the end of the period 期末已发行?额数目 822,809.56 615,678.70 HKD Class X Accumulation Units 港元X类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 67.62 67.62 Number of units in issue at the end of the period 期末已发行?额数目 67.62 67.62 HKD Class X Distribution Units 港元X类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 5,264.40 64.42 Units issued 发行?额 9,420.59 1.62 Units redeemed 赎回?额 (659.79) – Number of units in issue at the end of the period 期末已发行?额数目 14,025.20 66.04 Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零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 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 ?额 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 Units ?额 USD Class X Accumulation Units 美元X类别累积?额 Number of units in issue at the beginning of the period 期初已发行?额数目 68.14 68.14 Number of units in issue at the end of the period 期末已发行?额数目 68.14 68.14 USD Class X Distribution Units 美元X类别收息?额 Number of units in issue at the beginning of the period 期初已发行?额数目 80,711.22 82.56 Units issued 发行?额 57,741.02 18,495.95 Units redeemed 赎回?额 (15,660.79) (26.10) Number of units in issue at the end of the period 期末已发行?额数目 122,791.45 18,552.41 Statement of Changes in Net Assets Attributable to Unitholders (Continued) 分配给?额持有人净资产变动报表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间29 Schroder Asian Asset Income Fund Statement of Cash Flows 现金流量表 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the period from 1st July 2019 to 31st December 2019 由二零一九年 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 Increase/(decrease) in net assets attributable to unitholders 归于份额持有人净资产之增加╱（减少） 3,578,725,819 (700,629,419) Adjustments for 调整： – Dividends ?利 (316,455,237) (407,577,478) – Interest on bank deposits 存款利息 (7,286) (4,858,136) – Interest on debt securities 债务证券利息 (270,610,131) (294,735,347) – Interest on collateral 抵押品利息 (3,149) – – Capital gain tax 资产增值扣税 38,340 2,110,278 – Withholding tax 预扣税项 34,779,189 31,929,274 – Other income 其他?? (289,658) (465,372) – Distributions to unitholders 派息予?额持有人 640,878,472 702,572,432 – Net exchange (gains)/losses 汇兑净（收益） ╱亏损 (13,960,709) 6,792,522 Operating profit/(loss) before working capital changes 经营资本转变前之经营盈利╱（亏损） 3,653,095,650 (664,861,246) Net decrease in investments and derivative fnancial instruments 投资及衍生金融工具之减少净额 (756,505,550) (639,139,399) Net (increase)/decrease in margin deposits – restricted 受限制保证金之（增加） ╱减少净额 (228,434,605) 16,659,467 Decrease/(increase) in cash collateral 现金抵押品之减少╱（增加） 8,990,522 (2,103,786) Decrease in cash collateral liabilities 现金抵押品负债之减少 (3,951,777) – Decrease in amounts payable on purchase of investments 应付认购投资款项之减少 (192,313,626) (81,383,070) Increase in other payables 其他应付款项之增加 437,167 2,432,133 Decrease in amounts receivable on disposal of investments 应收出售投资款项之减少 107,660,622 96,834,654 Decrease/(increase) in other receivables and prepayments 其他应收款项及预付款项之减少╱（增加） 116,268 (154,268) Cash generated from/(used in) operations 经营所产生╱（运用） 之现金 2,589,094,671 (1,271,715,515)施罗德亚洲高息股债基金 30 Statement of Cash Flows (Continued) 现金流量表（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 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 For the period from 1st July 2019 to 31st December 2019 由二零一九年 七月一日至十二月 三十一日止期间 HK$ 港元 Dividends received 已收?利 306,982,204 440,925,026 Taxation paid 已付税项 (38,340) (2,110,278) Interest on bank deposits received 已收存款利息 7,024 4,887,010 Interest on debt securities received 已收债务证券利息 278,931,052 294,151,617 Interest on collateral received 抵押品利息 3,149 – Other income 其他?? 289,658 465,372 Net cash generated from/(used in) operating activities 经营所产生╱（运用） 之现金净额 3,175,269,418 (533,396,768) Cash flows from financing activities ?资活动之现金流量 Distributions paid to unitholders 分配给?额持有人之?利 (634,668,211) (711,098,449) Proceeds from subscription of units 认购?额所得款项 2,438,711,850 10,034,743,399 Payments on redemption of units 赎回?额支付款项 (5,839,601,075) (8,222,659,057) Net cash (used in)/generated from financing activities ?资活动所（运用） ╱产生之现金净额 (4,035,557,436) 1,100,985,893 Net (decrease)/increase in cash and cash equivalents 现金及现金等值之净（减少） ╱增加 (860,288,018) 567,589,125 Cash and cash equivalents at the beginning of the period 年初现金及现金等值 1,250,603,580 839,346,655 Net exchange gains/(losses) 汇兑净收益╱（亏损） 13,960,709 (6,792,522) Cash and cash equivalents at the end of the period 年终现金及现金等值 404,276,271 1,400,143,258 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 404,276,271 1,368,973,748 Margin deposits – unrestricted 保证金－不受限制 – 31,169,510 404,276,271 1,400,143,25831 Schroder Asian Asset Income Fund Investment Portfolio 基金投资组合 As at 31st December 2020 截至二零二零年十二月三十一日 Country/Territory 国家╱地区 Investments 投资项目 Holdings ?额数目 Fair value ??值 HK$ 港元 % of net asset value 占净资产百分比 LISTeD eQUITIeS 上市股票 AUSTRALIA ?大利亚 3,073,958,466 10.39 ANZ Banking Group Ltd 1,954,599 265,473,551 0.90 Ausnet Services Ord Npv 44,728,284 469,674,615 1.59 Australian Stock Exchange Ltd 195,924 84,402,997 0.28 BHP Group Ltd 1,159,173 294,278,829 0.99 Cochlear Limited 29,487 33,344,954 0.11 Computershare Limited 549,130 47,936,707 0.16 CSL Limited 37,118 62,890,475 0.21 Fortescue Metals Group Limited 2,246,788 314,972,121 1.06 Incitec Pivot Ltd Ord Npv 1,668,158 22,756,725 0.08 James Hardie Industries SE Receipt Npv 245,415 56,121,532 0.19 National Australia Bank Ltd 2,117,698 286,358,577 0.97 Resmed Inc Chess Depositary Interests (10 Cdi Reps 1 Ord Shs) 274,087 44,655,382 0.15 Rio Tinto Limited Ord Npv 426,449 290,443,436 0.98 Shopping Centres Australasia Property Group REIT Npv 14,447,447 217,835,863 0.74 Spark Infrastructure Group Ord Npv 21,367,222 269,754,220 0.91 Stockland 9,764,938 244,221,279 0.83 Vicinity Centres – REIT 5,441,970 52,259,940 0.18 Woolworths Group Ltd Ord Npv 70,481 16,577,263 0.06 HONG KONG 香港 4,053,973,139 13.70 AIA Group Ltd 1,426,600 135,527,000 0.46 Alibaba Group Holding Ltd Ord USD.000003125 884,800 205,804,480 0.70 Anhui Kouzi Distillery Co Ltd ﹣A Cc Ord CNY1 716,305 58,904,040 0.20 Chacha Food Co Ltd﹣A Szhk 365,737 23,506,203 0.08 China Construction Bank H Shs Ord CNY1 18,669,000 109,960,410 0.37 China Mengniu Dairy Company Limited 1,710,000 80,028,000 0.27 China Mobile Ltd 5,979,000 264,271,800 0.89 China Pacifc Insurance Gr Co Ltd H Shs 1,658,000 50,320,300 0.17 China Petroleum and Chemical Corporation﹣H 35,978,000 124,843,660 0.42 China Resources Land Limited HKD0.1 1,368,000 43,776,000 0.15 China Tourism Group Duty Free Corporation Limited – Cc Ord CNY1 667,386 224,981,368 0.76 Fortune REIT Npv 45,690,000 337,649,100 1.14 Hk Electric Investments – Ss 76,595,177 584,421,200 1.98 HKBN Ltd Ord HKD0.0001 3,018,500 36,222,000 0.12 Hkt Trust & Hkt Ltd Ord HKD 0.0005 23,600,060 237,416,604 0.80 Industrial and Commercial Bank of China H Shs Ord CNY1 33,218,000 167,086,540 0.56施罗德亚洲高息股债基金 32 Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Country/Territory 国家╱地区 Investments 投资项目 Holdings ?额数目 Fair value ??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 251,050 85,859,100 0.29 Li Ning Co Ltd Ord HKD0.1 1,436,500 76,565,450 0.26 Link REIT 1,066,600 75,301,960 0.25 Meituan Ord HKD.00001 211,500 62,307,900 0.21 Midea Group Co Ltd 328,967 38,650,207 0.13 Ping An Insurance (Group) Company of China Limited H Shares HKD1 703,000 66,785,000 0.23 Power Assets Holdings Ltd Ord HKD1 6,976,000 292,992,000 0.99 Sands China Ltd Ord USD0.01 1,044,400 35,561,820 0.12 Shandong Weigao Group Medical Polymer Co Ltd H Shs Ord CNY0.1 756,000 13,245,120 0.04 Shanghai Jahwa United Co Ord CNY1 Cc 968,392 40,140,600 0.14 Skshu Paint Co Ltd – Cc Ord CNY1 149,613 27,052,652 0.09 Swire Properties Ltd Ord HKD1 1,644,600 37,085,730 0.12 Techtronic Industries Co Ltd 556,500 61,548,900 0.21 Tencent Hldgs Ltd HKD0.0002 522,300 294,577,200 1.00 Tsingtao Brewery Co Ltd ‘H’ Shares 746,000 60,575,200 0.20 Yum China Holdings Inc Ord USD0.01 123,450 54,885,870 0.19 Zhejiang Sanhua Co Ltd﹣A Ord CNY 1 Szhk 1,567,624 46,119,725 0.16 INDIA 印度 1,185,284,953 4.01 Bharti Airtel Ltd Ord INR5 (Demat) (Nse) 314,566 17,014,514 0.06 Britannia Industries Ltd Ord INR1 21,207 8,048,453 0.03 Cipla Ltd Ord INR2% 554,140 48,216,981 0.16 Embassy Ofce Parks REIT 4,175,800 152,534,800 0.52 Escorts Limited 130,219 17,417,102 0.06 HDFC Bank Limited Ord INR1 396,017 60,360,404 0.20 India Grid Trust 20,777,715 264,567,190 0.89 Infosys Ltd Ord INR5 232,784 31,021,783 0.11 IRB Infrastructure 12,625,000 55,117,412 0.19 Mahindra & Mahindra Ltd Ord INR5 249,444 19,074,821 0.07 Maruti Suzuki India Ltd Ord INR5 54,977 44,628,564 0.15 Mindspace Business Parks REI REIT Ord Npv 891,600 30,264,724 0.10 NTPC Ltd Ord INR10 17,507,565 184,580,903 0.62 Power Grid Corp of India Ltd Ord INR10 8,994,872 181,216,916 0.61 Reliance Industries Ltd Ord INR10 127,105 26,778,234 0.09 Wipro Ltd Ord INR2 1,084,260 44,442,152 0.1533 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Country/Territory 国家╱地区 Investments 投资项目 Holdings ?额数目 Fair value ??值 HK$ 港元 % of net asset value 占净资产百分比 LISTeD eQUITIeS（Continued) 上市股票（续） JAPAN 日本 149,479,000 0.50 Advance Residence Investment Corp REIT Npv 249 5,787,732 0.02 AEON REIT Investment Corp REIT Npv 1,169 11,588,756 0.04 Daiwa House REIT Investment Corp REIT Npv 357 6,842,224 0.02 Daiwa Ofce Investment Corp REIT Npv 122 6,010,520 0.02 Daiwa Securities Living Inve REIT Ord Npv 1,189 8,545,592 0.03 Frontier Real Estate Investment Corporation 204 6,112,958 0.02 Fukuoka REIT Corp Ord Npv 390 4,481,304 0.01 GLP J﹣REIT Npv 1,061 12,956,398 0.04 Invesco Ofce J﹣REIT Inc REIT Npv 7,213 8,185,190 0.03 Japan Excellent Inc REIT Npv 709 6,810,283 0.02 Japan Hotel REIT Investment Ord Npv 1,387 5,520,783 0.02 Kenedix Ofce Investment Corporation Ord Npv 228 11,986,193 0.04 MCUBS Midcity Investment Corp – REIT 1,741 12,277,579 0.04 Nippon Accommodations Fund Inc REIT 114 4,965,708 0.02 Nippon Building Fund Inc 255 11,452,221 0.04 Nomura Real Estate Master Fund – REIT 991 10,985,210 0.04 Premier Investment Company Npv 1,044 9,996,755 0.03 Sekisui House REIT Inc – REIT 883 4,973,594 0.02 NeW ZeALAND 新西兰 182,442,011 0.62 Spark New Zealand Ltd Ord Npv 6,953,078 182,442,011 0.62 SINGAPORe 新加坡 1,819,174,894 6.15 Ascendas Real Estate Investment Trust 12,254,294 214,242,424 0.72 Capitaland Integrated Commercial Trust REIT Ord Npv 26,736,385 338,810,882 1.14 Frasers Centrepoint Trust REIT Npv 22,999,054 331,929,608 1.12 Mapletree Commercial Trust REIT Npv 23,411,651 292,558,391 0.99 Mapletree Industrial Trust REIT Npv 9,216,200 156,261,017 0.53 Mapletree Logistics Trust REIT Npv 14,209,445 167,561,441 0.57 Mapletree North Asia Commercial REIT 46,628,700 265,354,193 0.90 Oversea﹣Chinese Banking Corp Ltd Ord SGD0.5 888,800 52,456,938 0.18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 2020 截至二零二零年十二月三十一日 Country/Territory 国家╱地区 Investments 投资项目 Holdings ?额数目 Fair value ??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 1,616,438,890 5.46 Hana Financial Holdings Ord Npv 568,334 139,955,622 0.47 LG Chemical Ord KRW5000 17,162 100,939,866 0.34 LG Electronics Inc 154,393 148,774,668 0.50 Lotte REIT Co Ltd Ord Npv 2,459,732 93,931,053 0.32 NAVER Corp Ord KRW100 135,115 282,096,080 0.96 NCSoft Corporation 10,398 69,098,260 0.23 Samsung Electronics Co Ltd Ord KRW100 1,229,298 710,738,448 2.40 SK Telecom Company Limited 41,738 70,904,893 0.24 TAIWAN 台湾 1,374,875,218 4.65 ASE Technology Holding Co Ltd Ord TWD10 2,977,000 66,789,988 0.23 ASUSTek Computer Inc 1,696,000 117,239,934 0.40 Mediatek Inc 1,063,000 219,126,980 0.74 Novatek Microelectronics Corp Ltd 5,662,000 576,551,649 1.95 Realtek Semiconductor Corp 749,000 80,713,251 0.27 Taiwan Semiconductor Mfg Co. Ltd 2,150,000 314,453,416 1.06 THAILAND 泰国 382,225,435 1.29 Electricity Generating Pcl Ord Nvdr THB10 2,291,700 114,173,176 0.39 Intouch Holdings Pcl 5,235,100 76,211,954 0.26 Land and Houses Pcl Ord Nvdr THB1 93,238,900 191,840,305 0.64 UNITeD STATeS OF AMeRICA 美国 96,745,303 0.33 ICICI Bank Limited Sponsored Adr (1 Adr Represents 2 Ordinary Shares) 432,589 49,843,861 0.17 Vipshop Hldgs Ltd Sponsored Adr USD0.0001 215,183 46,901,442 0.16 UNLISTeD INVeSTMeNT FUNDS 非上市投资基金 HONG KONG 香港 1,604,304,513 5.42 Schroder Umbrella Fund II – Schroder China Asset Income Fund – USD Class I Acc 11,907,199 1,604,304,513 5.42 LUXeMBOURG 卢森堡 1,811,078,866 6.12 Schroder International Selection Fund – Asian Equity Yield USD Class I Acc 3,894,499 1,504,172,743 5.08 Schroder International Selection Fund – Emerging Multi Asset Income – USD Class I Acc 305,533 306,906,123 1.0435 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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 37,964,384 0.13 Angang Steel Co Ltd (Reg) (Regs) 0% Conv 25May2023 18,000,000 17,844,264 0.06 Link 2019 Cb Ltd (Reg) (Reg S) 1.6% Conv 03Apr2024 20,000,000 20,120,120 0.07 ReNMINBI 人民币 90,528,952 0.31 China Development Bank (Regs) 4.3% 02Aug2032 4,000,000 5,124,190 0.02 China Resources Land Ltd Ser Mtn (Reg) 5.23% 04Apr2023 (Interbank) 30,000,000 36,846,952 0.13 CIFI Holdings Group (Reg) (Reg S) 5.85% 19Aug2023 10,000,000 12,299,172 0.04 Petrochina Co Ltd Ser Mtn (Reg) 3.45% 12May2021(Interbank) 10,000,000 11,888,401 0.04 Wuhan Metro Ser Mtn (Reg) Var 30Jul2033(Interbank) 20,000,000 24,370,237 0.08 UNITeD STATeS DOLLAR 美元 10,800,082,252 36.51 JD.com Inc 4.125% 14Jan2050 5,500,000 47,775,913 0.16 Abu Dhabi Crude Oil Ser Regs (Reg) 4.6% 02Nov2047 2,500,000 24,164,292 0.08 AC Energy Fin Intl Ltd Ser Emtn (Reg) (Reg S) 5.1% Perp 31Dec2049 2,226,000 17,858,926 0.06 Aegea Finance Sarl Ser Regs (Reg) (Reg S) 5.75% 10Oct2024 4,299,000 34,896,656 0.12 AES Gener Sa Ser Regs (Reg) (Reg S) Var 26Mar2079 3,173,000 27,370,800 0.09 AI Candelaria Spain Ser Regs (Reg) (Regs) 7.5% 15Dec2028 5,000,000 45,263,487 0.15 AIA Group Ltd Ser Regs (Reg) (Reg S) 3.2% 16Sep2040 3,085,000 25,565,359 0.09 AIA Group Ltd Ser Regs (Reg) (Reg S) 3.6% 09Apr2029 8,200,000 71,624,670 0.24 AIA Group Ltd Ser Regs (Reg) (Reg S) 3.9% 06Apr2028 935,000 8,249,967 0.03 AIA Group Ltd Ser Regs (Regs) 4.5% 16Mar2046 5,500,000 55,860,625 0.19 AIA Group Ltd Ser Regs 4.875% 11Mar2044 800,000 8,438,217 0.03 Al Ahli Bank of Kuwai (Reg S) Var Perp 31Dec2049 6,500,000 53,742,555 0.18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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） APL Realty Hldg Pte Ltd 5.95% 02Jun2024 1,460,000 9,427,643 0.03 Arab National Bank (Reg S) Var 28Oct2030 1,966,000 15,714,349 0.05 Azure Power Energy Ltd Ser Regs (Regs) 5.5% 03Nov2022 4,200,000 33,463,694 0.11 Azure Power Solar Energy Ser Regs (Reg) (Reg S) 5.65% 24Dec2024 1,918,000 15,889,865 0.05 Banco Internac Del Peru Ser Regs (Reg) (Reg S) Var 08Jul2030 5,005,000 40,263,320 0.14 Bancolombia Sa (Reg) Var 18Dec2029 3,534,000 28,840,991 0.10 Bangkok Bank Pcl/HK Ser Regs (Reg) (Reg S) Var 25Sep2034 12,000,000 97,048,582 0.33 Bangkok Bank Pcl/HK Ser Regs (Reg) (Regs) 4.45% 19Sep2028 1,287,000 11,577,774 0.04 Bank Mandiri Pt Ser Emtn (Reg) (Reg S) 4.75% 13May2025 2,000,000 17,278,540 0.06 BBVA Banco Continental Ser Regs Var 22Sep2029 5,500,000 46,955,997 0.16 BDO Unibank Inc Ser Emtn (Reg) (Reg S) 2.125% 13Jan2026 7,347,000 58,225,835 0.20 Bj State﹣Owned Ast HK (Regs) 4.125% 26May2025 11,000,000 91,733,543 0.31 Blossom Joy Ltd (Reg) (Reg S) Var Perp 31Dec2049 4,463,000 34,538,644 0.12 Bluestar Fin Holdings (Reg) (Reg S) Var Perp 31Dec2049 4,300,000 33,203,921 0.11 Braskem Netherlands Ser Regs (Reg) (Reg S) 4.5% 31Jan2030 6,275,000 49,993,919 0.17 Braskem Netherlands Ser Regs (Reg) (Reg S) Var 23Jan2081 8,229,000 71,112,906 0.24 Burgan Bank (Reg S) Var Perp 31Dec2049 7,765,000 62,400,240 0.21 Burgan Bank (Reg) (Reg S) Var 15Dec2031 3,745,000 28,986,596 0.10 Castle Peak Pwr Fin Co Ser Emtn (Reg) (Reg S) 2.2% 22Jun2030 2,863,000 22,423,618 0.08 CCCI Treasure Ltd Frn Perp 31Dec2049 7,000,000 53,622,913 0.18 CCTI 2017 Ltd (Reg) (Reg S) 3.625% 08Aug2022 6,000,000 47,315,947 0.16 CDBL Funding (Regs) 4.25% 02Dec2024 11,000,000 93,091,994 0.31 Celestial Dynasty Ltd (Reg S) 4.25% 27Jun2029 4,892,000 39,041,909 0.13 Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 4.25% 30Apr2029 1,500,000 13,106,546 0.0437 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Central Chn Real Estate (Reg) (Reg S) 7.25% 16Jul2024 2,000,000 15,616,812 0.05 Central Chn Real Estate (Reg) (Reg S) 7.65% 27Aug2023 6,854,000 54,802,211 0.19 Chalco HK Investment (Reg) (Reg S) Var Pepr 29Dec2049 4,500,000 35,421,921 0.12 China Aoyuan Group Ltd (Reg) (Reg S) 5.98% 18Aug2025 1,000,000 8,134,091 0.03 China Aoyuan Group Ltd (Reg) (Reg S) 6.35% 08Feb2024 6,890,000 55,943,076 0.19 China Aoyuan Group Ltd (Reg) (Reg S) 7.95% 19Feb2023 6,200,000 51,053,152 0.17 China Aoyuan Group Ltd (Reg) (Reg S) 8.5% 23Jan2022 5,000,000 39,644,505 0.13 China Cinda Finance 2015 Ser Regs 4.25% 23Apr2025 2,759,000 23,578,368 0.08 China Cinda Finance 2017 (Reg) (Regs) 4.1% 09Mar2024 15,000,000 124,707,961 0.42 China Construction Bank (Reg) (Reg S) Var 24Jun2030 6,033,000 47,750,717 0.16 China Construction Bank (Reg) (Reg S) Var 27Feb2029 6,000,000 50,143,714 0.17 China Oil and Gas Group (Reg) (Reg S) 5.5% 25Jan2023 6,607,000 52,843,012 0.18 China Oil and Gas Group 4.625% 20Apr2022 900,000 7,044,174 0.02 China Resources Land Ltd Ser Emtn (Reg) (Reg S) 4.125% 26Feb2029 1,918,000 16,429,104 0.06 China Resources Land Ltd Ser Emtn (Reg) (Reg S) Var Perp 31Dec2049 5,232,000 41,655,369 0.14 China SCE Grp Hldgs Ltd (Reg) (Reg S) 7.25% 19Apr2023 3,000,000 24,455,472 0.08 China SCE Grp Hldgs Ltd (Reg) (Reg S) 7.45% 17Apr2021 3,000,000 23,521,079 0.08 China State Con Fin III (Reg) (Reg S) Var Perp 31Dec2049 1,943,000 15,126,445 0.05 Chn Aoyuan Property Grp (Reg) (Reg S) 7.95% 07Sep2021 1,481,000 11,735,135 0.04 Chn Clean Energy Develop (Reg) (Regs) 4% 05Nov2025 4,000,000 33,925,110 0.11 CITIC Ltd Ser Emtn (Reg) (Regs) 3.7% 14Jun2026 7,500,000 63,689,135 0.22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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） CK Hutchison Capit 17 Var Perp 31Dec2049 2,175,000 17,270,488 0.06 CK Hutchison Intl 17 Ltd Ser Regs (Reg) 3.5% 05Apr2027 15,000,000 129,075,433 0.44 CK Hutchison Intl 20 Ltd Ser Regs (Reg) (Reg S) 3.375% 08May2050 1,764,000 15,692,489 0.05 CLP Power HK Financing Ser Emtn (Reg) (Reg S) 2.125% 30Jun2030 2,355,000 18,415,584 0.06 CLP Power HK Financing Ser Emtn (Reg) (Reg S) 2.5% 30Jun2035 3,516,000 28,030,740 0.09 CMT MTN Pte Ltd Ser Emtn (Reg S) (Br) 3.609% 04Apr2029 4,500,000 37,588,769 0.13 CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.875% 19Jun2029 15,000,000 117,255,426 0.40 CNAC HK Finbridge Co Ltd (Reg) (Reg S) 4.75% 19Jun2049 6,542,000 54,523,570 0.18 CNAC HK Finbridge Co Ltd (Reg) (Reg S) Var Perp 31Dec2049 6,503,000 49,910,078 0.17 CNOOC Finance 2011 Ltd Ser Regs 5.75Pct 26Jan2041 5,000,000 52,564,629 0.18 CNRC Capitale Ltd (Reg) (Regs) Var Perp 31Dec2049 1,150,000 8,970,759 0.03 Colombia Telecomunicacio Ser Regs (Regs) 4.95% 17Jul2030 2,340,000 20,162,530 0.07 COSCO Pacifc Finance (Regs) 4.375% 31Jan2023 8,000,000 63,811,084 0.22 COSL Singapore Capital (Reg) (Reg S) 2.5% 24Jun2030 6,597,000 49,550,472 0.17 Country Garden Hldgs (Reg) (Reg S) 3.125% 22Oct2025 5,289,000 41,532,992 0.14 Country Garden Hldgs (Reg) (Reg S) 3.875% 22Oct2030 3,641,000 29,219,880 0.10 Country Garden Hldgs (Reg) (Reg S) 4.2% 06Feb2026 2,500,000 20,363,258 0.07 Country Garden Hldgs (Reg) (Reg S) 4.8% 06Aug2030 3,050,000 25,400,611 0.09 Country Garden Hldgs (Reg) (Reg S) 5.125% 14Jan2027 3,081,000 25,755,868 0.09 Country Garden Hldgs (Reg) (Reg S) 5.4% 27May2025 1,355,000 11,332,990 0.0439 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Country Garden Hldgs (Reg) (Regs) 5.125% 17Jan2025 2,491,000 20,246,318 0.07 CRCC Chengan Ltd (Reg) (Reg S) Var Perp 31Dec2049 4,800,000 37,881,378 0.13 CSSC Capital 2015 Ltd (Reg) (Reg S) 2.5% 13Feb2025 4,500,000 34,796,999 0.12 DBS Group Holdings Ltd Ser Gmtn (Reg) (Reg S) Var Perp 31Dec2049 7,000,000 55,419,480 0.19 Eastern Creation II Inve Ser Emtn (Reg) (Reg S) 1% 10Sep2023 417,000 3,216,539 0.01 EHI Car Services Ltd (Reg S) 5.875% 14Aug2022 2,249,000 15,871,254 0.05 Elect Global Inv Ltd (Reg) (Reg S) 4.85% Perp 31Dec2049 4,555,000 37,019,492 0.13 Empresa De Los Ferrocarr Ser Regs (Reg S) 3.068% 18Aug2050 1,235,000 9,347,521 0.03 Empresa De Transporte Me Ser Reg S (Reg) 5% 25Jan2047 4,300,000 42,653,685 0.14 Empresa De Transporte Me Ser Regs (Reg S) 3.65% 07May2030 1,272,000 11,089,595 0.04 Empresa De Transporte Me Ser Regs (Reg S) 4.7% 07May2050 2,305,000 22,521,830 0.08 Equate Petrochemical Bv Ser Regs (Reg) (Regs) 4.25% 03Nov2026 2,905,000 25,171,614 0.09 Export﹣Import Bk Thailnd Ser Emtn (Reg) (Reg S) 1.457% 15Oct2025 3,685,000 28,772,419 0.10 Foxconn Far East Ltd (Reg) (Reg S) 2.5% 28Oct2030 3,743,000 30,002,233 0.10 Gazprom Pjsc (Gaz Fn) Ser Regs (Reg S) 3.25% 25Feb2030 7,431,000 59,672,338 0.20 Globe Telecom Inc (Reg) (Reg S) 2.5% 23Jul2030 4,000,000 31,081,277 0.11 Globe Telecom Inc (Reg) (Reg S) 3% 23Jul2035 4,000,000 30,363,022 0.10 Globo Communicacoes Part Ser Regs (Regs) Stp 08June2025 1,252,000 10,351,060 0.04 Gnl Quintero Sa Ser Regs (Reg) (Regs) 4.634% 31Jul2029 3,900,000 33,732,737 0.11 Great Wall Intl V (Reg) (Reg S) 2.375% 18Aug2030 7,000,000 53,559,734 0.18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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Greenko Mauritius Ltd Ser Regs (Reg) (Reg S) 6.25% 21Feb2023 7,500,000 60,131,659 0.20 Greenko Solar Mauritius Ser Regs (Reg) (Reg S) 5.55% 29Jan2025 2,804,000 22,532,784 0.08 Greentown China Hldgs (Reg) (Reg S) 5.65% 13Jul2025 3,346,000 26,854,511 0.09 Grupo Kuo SAB de CV Ser Regs (Reg) (Regs) 5.75% 07Jul2027 990,000 8,073,561 0.03 Grupo Televisa Sab (Reg) 5.25% 24May2049 2,000,000 19,666,214 0.07 Gusap Iii Lp Ser Regs (Reg) (Reg S) 4.25% 21Jan2030 4,800,000 41,592,024 0.14 Gz Mtr Fin BVI Ser Emtn (Reg) (Reg S) 1.507% 17Sep2025 5,978,000 45,810,191 0.15 Gz Mtr Fin BVI Ser Emtn (Reg) (Reg S) 2.31% 17Sep2030 6,000,000 45,203,751 0.15 Haitong Intl Securities (Reg) (Reg S) 3.125% 18May2025 4,590,000 37,042,464 0.13 Halcyon Agri Corp Ltd (Reg) (Reg S) Var Perp 31Dec2049 3,500,000 26,820,548 0.09 Health And Happiness H&H (Reg) (Reg S) 5.625% 24Oct2024 4,483,000 36,291,988 0.12 Hejun Shunze Investment (Reg) (Reg S) 11% 04Jun2022 4,300,000 34,223,372 0.12 Hidrovias Int Fin Sarl Ser Regs (Reg) (Reg S) 5.95% 24Jan2025 4,000,000 32,613,003 0.11 HKT Capital No 4 Ltd (Reg) (Regs) 3% 14Jul2026 4,000,000 33,021,910 0.11 HSBC Holdings Plc (Reg) Var Perp 29Mar2049 2,900,000 24,606,048 0.08 Huarong Finance 2017 Co (Reg) (Reg S) Frn 27Apr2022 12,800,000 99,150,924 0.34 Huarong Finance 2017 Co Ser Emtn (Reg) (Regs) Frn 07Nov2022 7,000,000 53,563,588 0.18 Huarong Finance 2019 Ser Emtn (Reg S) 3.875% 13Nov2029 3,042,000 24,947,816 0.08 Huarong Finance 2019 Ser Emtn (Reg S) Frn 24Feb2025 3,515,000 26,452,429 0.09 Huarong Finance 2019 Ser Emtn (Regs) 4.5% 29May2029 10,000,000 85,957,708 0.29 ICTSI Treasury 5.875% 17Sep2025 8,000,000 70,673,862 0.2441 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Iindonesia(Rep of) Ser Regs (Reg) (Reg S) 3.85% 18Jul2027 1,500,000 13,219,283 0.04 India Green Energy Hldng Ser Regs (Reg S) 5.375% 29Apr2024 1,762,000 14,476,419 0.05 Indian Oil Corp Ltd (Reg) (Reg S) 4.75% 16Jan2024 4,000,000 33,612,940 0.11 Indonesia (Rep of) (Reg) 3.4% 18Sep2029 6,000,000 51,739,037 0.17 Indonesia (Rep of) (Reg) 3.5% 11Jan2028 3,000,000 25,960,215 0.09 Indonesia (Rep of) 2.85% 14Feb2030 11,097,000 92,488,086 0.31 Indonesia (Rep of) 4.35% 08Jan2027 5,000,000 44,865,676 0.15 Indonesia (Rep of) Ser Regs (Regs) 4.75% 08Jan2026 5,500,000 49,631,235 0.17 Indonesia Asahan Alumini Ser Regs (Reg S) 4.75% 15May2025 10,000,000 85,757,581 0.29 Indonesia Asahan Alumini Ser Regs (Reg S) 5.45% 15May2030 3,109,000 29,030,517 0.10 Indonesia Asahan Alumini Ser Regs (Reg S) 5.8% 15May2050 2,079,000 20,069,716 0.07 Inkia Energy Ltd Ser Regs (Reg) (Regs) 5.875% 09Nov2027 3,354,000 28,225,020 0.10 Jollibee Worldwide Pte L (Reg S) 4.125% 24Jan2026 1,000,000 7,939,058 0.03 Jollibee Worldwide Pte L (Reg S) 4.75% 24Jun2030 5,000,000 39,116,933 0.13 Joy Trsr Assets Hld (Reg) (Reg S) 1.875% 17Nov2025 1,374,000 10,671,188 0.04 Joy Trsr Assets Hld (Reg) (Reg S) 2.75% 17Nov2030 743,000 5,898,853 0.02 JSL Europe 7.75% 26Jul2024 3,000,000 24,541,168 0.08 Kenbourne Invest Sa Ser Regs (Reg) (Reg S) 6.875% 26Nov2024 3,850,000 32,479,327 0.11 Kingdom of Bahrain Ser Regs (Reg) (Reg S) 5.45% 16Sep2032 2,202,000 18,004,510 0.06 Kookmin Bank Ser Regs (Reg) (Reg S) 2.5% 04Nov2030 4,000,000 31,676,028 0.11 KWG Group Holdings (Reg S) 7.875% 01Sep2023 3,000,000 24,312,577 0.08 KWG Group Holdings (Reg) (Reg S) 6.3% 13Feb2026 2,069,000 16,236,656 0.05 KWG Group Holdings (Reg) (Reg S) 7.4% 13Jan2027 300,000 2,431,614 0.01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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Lamar Funding Ltd Ser Regs (Reg) 3.958% 07May2025 7,200,000 55,044,457 0.19 Lenovo Group Ltd Ser Regs (Reg S) 3.421% 02Nov2030 1,753,000 14,295,503 0.05 Li & Fung Ltd Ser Emtn (Reg) (Reg S) 4.375% 04Oct2024 4,000,000 31,851,451 0.11 LLPL Capital Pte Ltd Ser Regs (Reg) 6.875% 04Feb2039 3,989,000 34,366,876 0.12 Logan Group Co Ltd (Reg) (Reg S) 4.85% 14Dec2026 1,746,000 13,738,168 0.05 Logan Group Co Ltd (Reg) (Reg S) 5.25% 19Oct2025 3,058,000 24,644,407 0.08 Longfor Holdings Ltd (Reg) (Reg S) 3.95% 16Sep2029 4,980,000 41,853,014 0.14 Longfor Properties 3.875% 13Jul2022 8,000,000 64,247,161 0.22 MAF Global Sec Var Perp 29Dec2049 7,366,000 58,759,995 0.20 Mdgh – Gmtn Bv Ser Regs (Reg S) 3.7% 07Nov2049 6,000,000 53,427,826 0.18 Medco Bell Pte Ltd Ser Regs (Reg) (Reg S) 6.375% 30Jan2027 1,515,000 12,046,633 0.04 Medco Oak Tree Pte Ltd Ser Regs (Reg) (Reg S) 7.375% 14May2026 4,023,000 33,616,088 0.11 Meglobal Canada Ulc Ser Regs (Reg S) 5% 18May2025 5,000,000 43,702,831 0.15 Meituan Ser Regs (Reg) (Reg S) 2.125% 28Oct2025 505,000 3,982,187 0.01 Meituan Ser Regs (Reg) (Reg S) 3.05% 28Oct2030 1,209,000 9,755,005 0.03 Metropolitan Bank & Trus Ser Emtn (Reg S) 2.125% 15Jan2026 6,905,000 54,522,585 0.18 MGM China Holdings Ltd Ser Regs (Reg S) 5.25% 18Jun2025 1,810,000 14,626,723 0.05 Millicom Intl Cellular Ser Regs (Reg) 6.625% 15Oct2026 5,454,000 45,630,368 0.15 Minejesa Capital Bv Ser Regs (Regs) 4.625% 10Aug2030 3,000,000 25,123,870 0.08 Minmetals Bounteous Fin (Reg) (Reg S) 4.2% 27Jul2026 10,000,000 86,087,585 0.29 Minmetals Bounteous Fina (Reg) (Regs) 4.75% 30Jul2025 3,200,000 27,942,642 0.09 Modern Land China Co Ltd (Reg) (Reg S) 11.5% 13Nov2022 2,800,000 22,214,231 0.0843 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） MTR Corp Ltd Ser Emtn (Reg) (Reg S) 1.625% 19Aug2030 2,452,000 18,756,438 0.06 Nagacorp Ltd (Reg) (Reg S) 7.95% 06Jul2024 4,266,000 34,391,250 0.12 Nan Fung Treasury III (Reg) (Reg S) 5% Perp 31Dec2049 4,119,000 32,760,291 0.11 NBK Tier 1 Financing 2 Ser Regs (Reg S) Var Perp 31Dec2049 3,000,000 23,842,624 0.08 NBK Tier 2 Ltd (Reg S) Var 24Nov2030 2,558,000 20,226,573 0.07 NWD Finance (BVI) Ltd (Reg) (Reg S) Var Perp 31Dec2049 6,800,000 55,477,010 0.19 NWD Finance (BVI) Ltd (Reg) (Regs) 4.8% Perp 29Dec2049 4,277,000 33,436,813 0.11 NWD Mtn Ltd Ser Emtn (Reg) (Reg S) 4.5% 19May2030 3,000,000 24,916,888 0.08 Oil & Gas Holding Ser Regs (Regs) 7.5% 25Oct2027 3,500,000 31,110,327 0.11 Oil India International (Reg) (Reg S) 4% 21Apr2027 4,000,000 33,115,484 0.11 Oil India Ltd (Reg) (Regs) 5.375% 17Apr2024 7,000,000 60,150,802 0.20 Oversea﹣Chinese Banking Ser Regs (Reg S) Var 10Sep2030 5,000,000 39,411,269 0.13 OVPH Ltd (Reg) (Regs) 5.875% Perp 29Dec2049 5,750,000 44,949,072 0.15 Panther Ventures Ltd (Reg) (Reg S) 3.5% Perp 31Dec2049 6,183,000 47,980,665 0.16 Periama Holdings Llc/De (Reg) (Reg S) 5.95% 19Apr2026 8,831,000 72,976,431 0.25 Pertamina Persero Ser (Regs) 6.45% 30May2044 9,000,000 95,235,531 0.32 Pertamina Persero Ser Regs 5.625% 20May2043 5,000,000 48,056,812 0.16 Perusahaan Listrik Negar 5.25% 15May2047 5,000,000 46,011,152 0.16 Perusahaan Listrik Negar Ser Regs (Reg S) 3% 30Jun2030 3,571,000 28,761,947 0.10 Perusahaan Listrik Negar Ser Regs (Reg S) 4% 30Jun2050 2,906,000 23,184,784 0.08 Perusahaan Listrik Negar Ser Regs (Reg) (Reg S) 4.875% 17Jul2049 2,028,000 17,939,254 0.06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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Perusahaan Penerbit Sbsn Ser Regs (Reg) (Reg S) 4.15% 29Mar2027 8,000,000 71,221,904 0.24 Perusahaan Penerbit Sbsn Ser Regs (Reg) 4.45% 20Feb2029 9,000,000 82,585,946 0.28 Petrobras Global Finance (Reg) 6.9% 19Mar2049 4,350,000 42,836,144 0.14 Petrobras Global Finance 5.6% 03Jan2031 2,500,000 22,307,826 0.08 Petrobras Global Finance 6.75% 03Jun2050 4,700,000 45,326,099 0.15 Petrobras Global Finance 6.85% 05Jun2115 1,460,000 14,138,324 0.05 Petroleos Del Peru Sa Ser Regs (Reg) (Reg S) 4.75% 19Jun2032 4,300,000 38,328,785 0.13 Philippines (Rep of) (Reg) 2.457% 05May2030 2,479,000 20,692,242 0.07 PLDT Inc (Reg) (Reg S) 2.5% 23Jan2031 2,611,000 21,087,345 0.07 PLDT Inc (Reg) (Reg S) 3.45% 23Jun2050 3,900,000 32,325,487 0.11 Powerlong Real Estate (Reg S) 6.95% 23Jul2023 3,841,000 31,346,091 0.11 Powerlong Real Estate (Reg) (Reg S) 5.95% 30Apr2025 2,500,000 19,627,030 0.07 Powerlong Real Estate (Reg) (Reg S) 6.25% 10Aug2024 2,559,000 20,783,154 0.07 Powerlong Real Estate (Reg) (Reg S) 7.125% 08Nov2022 3,134,000 25,439,023 0.09 PT Pertamina (Persero) Ser Regs (Reg S) 4.7% 30Jul2049 4,800,000 42,700,204 0.14 PT Pertamina (Persero) Ser Regs (Reg) (Reg S) 3.65% 30Jul2029 1,716,000 14,778,923 0.05 PTTEP Treasury Center Co Ser Regs (Reg S) 3.903% 06Dec2059 900,000 7,774,512 0.03 PTTEP Treasury Center Co Ser Regs (Reg) (Reg S) 2.993% 15Jan2030 6,500,000 53,352,761 0.18 Rede D’Or Finance Sarl Ser Regs (Reg) (Reg S) 4.5% 22Jan2030 2,600,000 21,057,130 0.07 Reliance Industries 6.25% 19Oct2040 1,800,000 20,041,216 0.07 Reliance Industries Ltd Ser Regs 4.875% 10Feb2045 7,000,000 68,969,503 0.23 Renew Power Ltd Ser Regs (Reg) (Reg S) 6.45% 27Sep2022 5,790,000 46,915,057 0.16 Renew Power Pvt Ltd Ser Regs (Reg) (Reg S) 5.875% 05Mar2027 4,000,000 32,781,603 0.1145 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Renew Power Synthetic Ser Regs (Reg) (Reg S) 6.67% 12Mar2024 4,893,000 40,027,859 0.14 Republic of Indonesia (Reg) 4.1% 24Apr2028 2,000,000 17,951,527 0.06 Republic of Indonesia (Reg) 5.35% 11Feb2049 4,000,000 42,740,524 0.14 Republic of Philippines (Reg) 1.648% 10Jun2031 6,531,000 51,225,240 0.17 Republic of Philippines (Reg) 2.65% 10Dec2045 13,614,000 107,126,066 0.36 Republic of Philippines (Reg) 3% 01Feb2028 7,500,000 64,102,668 0.22 Republic of Philippines (Reg) 3.75% 14Jan2029 4,400,000 39,665,924 0.13 Rizal Commercial Banking (Reg) (Reg S) Var Perp 31Dec2049 4,624,000 36,346,756 0.12 Ronshine China (Reg) (Reg S) 10.5% 01Mar2022 4,586,000 37,619,489 0.13 Ronshine China (Reg) (Reg S) 8.1% 09Jun2023 1,000,000 8,022,591 0.03 Ronshine China (Reg) (Reg S) 8.75% 25Oct2022 2,000,000 16,042,297 0.05 Ronshine China (Reg) (Reg S) 8.95% 22Jan2023 1,600,000 12,986,446 0.04 Royal Capital Bv (Reg) (Reg S) Var Perp 29Dec2049 12,800,000 100,234,131 0.34 Royal Capital Bv (Reg) (Reg S) Var Perp 31Dec2049 1,190,000 9,556,950 0.03 Rumo Luxembourg Sarl Ser Regs (Reg) (Reg S) 5.25% 10Jan2028 3,560,000 29,936,219 0.10 Santos Finance Ltd Ser Emtn (Br) (Reg S) 4.125% 14Sep2027 12,736,000 104,026,841 0.35 Scentre Group Trust 1/2 Ser Regs (Reg) (Reg S) 4.375% 28May2030 7,804,000 70,631,336 0.24 Senaat Sukuk Limited (Reg S) 4.76% 05Dec2025 2,625,000 23,184,060 0.08 Shenhua Overseas Capita (Reg) (Reg S) 3.875% 20Jan2025 3,039,000 24,993,952 0.08 Shimao Group Hldgs Ltd (Reg S) (Reg) 5.6% 15Jul2026 8,898,000 75,530,088 0.26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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??值 HK$ 港元 % of net asset value 占净资产百分比 LISTeD DeBT SeCURITIeS (Continued) 上市债务证券（续） UNITeD STATeS DOLLAR (Continued) 美元（续） Shimao Group Hldgs Ltd (Reg) (Reg S) 4.6% 13Jul2030 1,423,000 11,914,772 0.04 Shinhan Bank Ser Regs (Reg) (Reg S) 4% 23Apr2029 2,324,000 20,384,813 0.07 Shinhan Bank Ser Regs 3.875% 24Mar2026 16,000,000 138,388,358 0.47 Shinhan Financial Group Ser Regs (Reg) (Reg S) 1.35% 10Jan2026 7,000,000 55,115,149 0.19 Siam Commercial Bank Cay Ser Gmtn (Reg) (Reg S) 4.4% 11Feb2029 6,000,000 54,017,134 0.18 SIHC International Capital (Reg) (Reg S) 4.35% 26Sep2023 2,000,000 16,669,754 0.06 Sinochem Int Dev Pte Ltd (Reg) (Reg S) 3.125% 25Jul2022 4,500,000 35,668,261 0.12 Sinopec Grp Dev 2018 Ser Regs (Reg S) 2.7% 13May2030 8,674,000 69,536,500 0.24 Sinopec Grp Dev 2018 Ser Regs (Reg S) 3.44% 12Nov2049 8,000,000 67,605,570 0.23 Sinopec Grp Overseas Dev Ser Regs (Reg) (Regs) 4.25% 03May2046 4,000,000 37,983,351 0.13 Sinosing Serv P L (Reg) (Reg S) 2.625% 20Feb2030 3,301,000 25,859,194 0.09 SMC Global Power Hldgs (Reg) (Reg S) Var Perp 31Dec2049 2,494,000 19,869,900 0.07 SPIC Lux Latam Re Ener Ser 5Yr (Reg S) 4.65% 30Oct2023 2,900,000 24,302,822 0.08 Sri Rejeki Isman Tbk PT Ser Regs (Reg) (Reg S) 7.25% 16Jan2025 7,672,000 62,083,871 0.21 Star Energy Co Issue Ser Regs (Reg) (Reg S) 4.85% 14Oct2038 2,705,000 23,455,387 0.08 State Grid Overseas Inv Ser Emtn (Reg) (Reg S) 1.625% 05Aug2030 2,781,000 20,853,394 0.07 Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 2.75% 13May2030 5,000,000 40,516,076 0.14 Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 2.875% 21Jan2030 2,700,000 22,122,034 0.07 Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 3.75% 25Feb2029 2,000,000 17,299,274 0.06 Sunac China Holdings Ltd (Reg) (Reg S) 6.5% 09Jul2023 1,000,000 8,035,958 0.0347 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??值 HK$ 港元 % of net asset value 占净资产百分比 LISTeD DeBT SeCURITIeS (Continued) 上市债务证券（续） UNITeD STATeS DOLLAR (Continued) 美元（续） Sunac China Holdings Ltd (Reg) (Reg S) 6.65% 03Aug2024 1,600,000 12,910,756 0.04 Sunac China Holdings Ltd (Reg) (Reg S) 7.35% 19Jul2021 3,000,000 23,655,066 0.08 Sunac China Holdings Ltd (Reg) (Reg S) 7.5% 01Feb2024 4,230,000 34,654,803 0.12 Sunac China Holdings Ltd 7% 09Jul2025 2,317,000 18,691,268 0.06 TCL Technology Invest (Reg) (Reg S) 1.875% 14Jul2025 1,483,000 11,466,820 0.04 Tencent Holdings Ltd Ser Regs (Reg S) 2.39% 03Jun2030 4,565,000 36,327,603 0.12 Tencent Holdings Ltd Ser Regs (Reg S) 3.24% 03Jun2050 2,567,000 20,655,096 0.07 Tencent Holdings Ltd Ser Regs (Reg) (Regs) 3.595% 19Jan2028 14,493,000 124,036,626 0.42 ThaiOil Trsry Center Ser Regs (Reg S) 2.5% 18Jun2030 6,000,000 46,461,224 0.16 ThaiOil Trsry Center Ser Regs (Reg S) 3.75% 18Jun2050 2,000,000 15,447,375 0.05 Times China Hldg Ltd (Reg) (Reg S) 6.75% 08Jul2025 5,919,000 48,525,466 0.16 Times China Hldg Ltd (Reg) (Reg S) 6.75% 16Jul2023 1,140,000 9,304,942 0.03 Times China Hldg Ltd 6.25% 17Jan2021 4,500,000 34,910,870 0.12 Towngas Finance Ltd (Reg) (Reg S) Var Perp 31Dec2049 9,200,000 75,404,749 0.25 Trust F/1401 Ser Regs (Reg) (Reg S) 4.869% 15Jan2030 7,745,000 68,461,668 0.23 Trust F/1401 Ser Regs (Reg) (Reg S) 6.39% 15Jan2050 9,355,000 85,104,348 0.29 United Overseas Bank Ltd Ser Emtn (Reg) (Reg S) Var Perp 31Dec2049 4,304,000 34,749,189 0.12 United Overseas Bank Ltd Ser Gmtn (Reg) (Reg S) Var 16Mar2031 5,000,000 39,153,453 0.13 US Treasury Bill 0% 26Jan2021 17,000,000 131,811,891 0.45 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.5% 12Nov2029 3,000,000 24,703,161 0.08 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.975% 09Nov2027 6,800,000 57,525,159 0.19 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 4.2% 07Jun2024 2,999,000 24,951,323 0.08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 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??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） Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 5.35% 11Mar2024 5,000,000 42,763,607 0.14 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) Frn 25May2023 9,303,000 72,009,130 0.24 VM Holding SA Ser Regs 5.375% 04May2027 4,800,000 41,424,540 0.14 Weibo Corp (Reg) 3.375% 08Jul2030 2,107,000 16,700,378 0.06 Weichai Intl Hk Energy (Reg) (Reg S) Var Perp 29Dec2049 7,000,000 54,996,879 0.19 Wynn Macau Ltd Ser Dec (Reg) (Reg S) 5.625% 26Aug2028 1,460,000 11,885,860 0.04 Yango Justice Intl (Reg) (Reg S) 7.5% 17Feb2025 875,000 6,954,512 0.02 Yango Justice Intl (Reg) (Regs) 7.5% 15Apr2024 1,113,000 8,885,881 0.03 Yuzhou Group (Reg) (Reg S) 7.85% 12Aug2026 4,000,000 32,977,558 0.11 Yuzhou Properties Co Ltd (Reg) (Reg S) 6.375% 06Mar2021 3,000,000 23,399,212 0.08 Yuzhou Properties Co Ltd (Reg) (Reg S) 8.3% 27May2025 3,246,000 27,275,139 0.09 Yuzhou Properties Co Ltd (Reg) (Reg S) 8.375% 30Oct2024 674,000 5,685,249 0.02 Zhenro Properties Group (Reg) (Reg S) 5.95% 18Nov2021 1,147,000 8,962,245 0.03 Zhenro Properties Group (Reg) (Reg S) 7.35% 05Feb2025 2,078,000 16,657,812 0.06 Zhenro Properties Group (Reg) (Reg S) 7.875% 14Apr2024 2,500,000 20,248,908 0.07 Zhenro Properties Group (Reg) (Reg S) 8.3% 15Sep2023 4,666,000 38,093,683 0.13 Zhenro Properties Group (Reg) (Reg S) 8.65% 21Jan2023 5,914,000 47,987,256 0.16 Zhenro Properties Group (Reg) (Reg S) 9.15% 06May2023 700,000 5,785,890 0.02 Zhongan Online P&C Insur (Reg) (Reg S) 3.125% 16Jul2025 7,025,000 54,152,306 0.1849 Schroder Asian Asset Income Fund Investment Portfolio (Continued) 基金投资组合（续） As at 31st December 2020 截至二零二零年十二月三十一日 Currency 货币 Investments 投资项目 Holdings ?额数目 Fair value ??值 HK$ 港元 % of net asset value 占净资产百分比 UNLISTeD/QUOTeD DeBT SeCURITIeS 非上市╱挂牌债务证券 UNITeD STATeS DOLLAR 美元 460,985,516 1.56 Alpha Holding Sa Ser Regs (Reg S) 9% 10Feb2025 5,133,000 29,392,678 0.10 Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 5.15% 29Jan2050 3,010,000 27,050,237 0.09 Embotelladora Andina Sa Ser Regs (Reg S) 3.95% 21Jan2050 4,705,000 41,042,097 0.14 Grupo Bimbo Sab De Cv Ser Regs (Reg) Var Perp 29Dec2049 7,850,000 65,555,146 0.22 Prumo Participacoes E In Ser 144A (Reg) 7.5% 31Dec2031 11,027,000 84,621,107 0.29 Scentre Group Trust 2 Ser Regs (Reg S) Var 24Sep2080 6,772,000 54,803,298 0.19 Scentre Group Trust 2 Ser Regs (Reg S) Var 24Sep2080 5,535,000 45,320,686 0.15 US Treasury Bill 0% 11Feb2021 14,600,000 113,200,267 0.38 TOTAL INVESTMENTS AT FAIR VALUE 投资总市值 28,739,541,792 97.15 OTHER NET ASSETS 其他净资产 841,770,307 2.85 NET ASSETS ATTRIBUTABLE TO UNITHOLDERS AS AT 31ST DECEMBER 2020 截至二零二零年十二月三十一日净资产 29,581,312,099 100.00 TOTAL INVESTMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS AT COST 投资及衍生金融工具以成本计 26,013,796,012 Note: Investments are accounted for on a trade date basis. 注：投资乃以交易日为基准。施罗德亚洲高息股债基金 50 Investment Portfolio Movements 投资组合变动 For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?额数目 Country/Territory 国家╱地区 Investments 投资项目 Additions 增加 Disposals 减少 Bonus/Splits 红股╱分拆 LISTeD eQUITIeS 上市股票 AUSTRALIA ?大利亚 AGL Energy Ltd Ord Npv – (1,531,258) – ANZ Banking Group Ltd – (1,223,259) – Ausnet Services Ord Npv – (20,425,712) – Australian Stock Exchange Ltd 33,734 (113,825) – BHP Group Ltd 210,326 – – Cochlear Limited 29,487 – – Computershare Limited 549,130 – – CSL Limited 37,118 – – Fortescue Metals Group Limited 2,246,788 – – Incitec Pivot Ltd Ord Npv 1,668,158 – – James Hardie Industries SE Receipt Npv 245,415 – – National Australia Bank Ltd – (1,191,524) – Resmed Inc Chess Depositary Interests (10 Cdi Reps 1 Ord Shs) 274,087 – – Rio Tinto Limited Ord Npv 97,750 – – Shopping Centres Australasia Property Group REIT Npv – (8,921,530) – Spark Infrastructure Group Ord Npv – (12,105,772) – Stockland – (10,459,474) – Telstra Corporation Limited – (9,607,052) – Transurban Group – (1,814,422) – Vicinity Centres – REIT – (9,763,796) – Westpac Banking Corporation – (2,248,363) – Woolworths Group Ltd Ord Npv 70,481 – – HONG KONG 香港 AIA Group Ltd 1,426,600 – – Alibaba Group Holding Ltd Ord USD.000003125 884,800 – – Anhui Kouzi Distillery Co Ltd ﹣A Cc Ord CNY1 716,305 – – Chacha Food Co Ltd﹣A Szhk 365,737 – – China Construction Bank H Shs Ord CNY1 – (29,507,000) – China Mengniu Dairy Company Limited 1,710,000 – – China Mobile Ltd 153,000 (575,000) – China Pacifc Insurance Gr Co Ltd H Shs 1,658,000 – – China Petroleum and Chemical Corporation﹣H – (19,566,000) – China Resources Land Limited HKD0.1 1,368,000 – – China Resources Mixc Lifestyle Ltd 1,615 (1,615) – China Resources Mixc Lifestyle Services Ltd Ord HKD0.00001 1,615 (1,615) – China Tourism Group Duty Free Corporation Limited – Cc Ord CNY1 667,386 – – Fortune REIT Npv – (19,007,000) – Hk Electric Investments – Ss – (21,206,500) –51 Schroder Asian Asset Income Fund Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?额数目 Country/Territory 国家╱地区 Investments 投资项目 Additions 增加 Disposals 减少 Bonus/Splits 红股╱分拆 LISTeD eQUITIeS (Continued) 上市股票（续） HONG KONG (Continued) 香港（续） HKBN Ltd Ord HKD0.0001 1,001,000 – – Hkt Trust & Hkt Ltd Ord HKD 0.0005 – (13,164,000) – Industrial and Commercial Bank of China H Shs Ord CNY1 – (24,029,000) – JD.com Inc – Cl A Ord USD0.00002 251,050 – – Li Ning Co Ltd Ord HKD0.1 1,436,500 – – Link REIT – (1,940,700) – Meituan Ord HKD.00001 211,500 – – Midea Group Co Ltd 328,967 – – Ping An Insurance (Group) Company of China Limited H Shares HKD1 703,000 – – Power Assets Holdings Ltd Ord HKD1 332,000 (2,545,500) – Sands China Ltd Ord USD0.01 1,044,400 (1,915,600) – Shandong Weigao Group Medical Polymer Co Ltd H Shs Ord CNY0.1 756,000 – – Shanghai Jahwa United Co Ord CNY1 Cc 968,392 – – Skshu Paint Co Ltd – Cc Ord CNY1 149,613 – – Swire Properties Ltd Ord HKD1 1,644,600 – – Techtronic Industries Co Ltd 556,500 – – Tencent Hldgs Ltd HKD0.0002 522,300 – – Tsingtao Brewery Co Ltd 'H' Shares 746,000 – – Yum China Holdings Inc Ord USD0.01 123,450 – – Zhejiang Sanhua Co Ltd﹣A Ord CNY 1 Szhk 1,567,624 – – INDIA 印度 Bharti Airtel Ltd Ord INR5 (Demat) (Nse) 314,566 – – Britannia Industries Ltd Ord INR1 21,207 – – Cipla Ltd Ord INR2% 554,140 – – Embassy Ofce Parks REIT 1,306,600 – – Escorts Limited 130,219 – – HDFC Bank Limited Ord INR1 396,017 – – India Grid Trust 993,384 – – Infosys Ltd Ord INR5 232,784 – – ITC Ltd Ord INR1.000000000 – (1,415,951) – Mahindra & Mahindra Ltd Ord INR5 249,444 – – Maruti Suzuki India Ltd Ord INR5 54,977 – – Mindspace Business Parks REI REIT Ord Npv 891,600 – – NTPC Ltd Ord INR10 – (15,232,524) – Power Grid Corp of India Ltd Ord INR10 – (17,752,555) – Reliance Industries Ltd Ord INR10 127,105 – – Wipro Ltd Ord INR2 1,084,260 – –施罗德亚洲高息股债基金 52 Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?额数目 Country/Territory 国家╱地区 Investments 投资项目 Additions 增加 Disposals 减少 Bonus/Splits 红股╱分拆 LISTeD eQUITIeS (Continued) 上市股票（续） INDONeSIA 印尼 Bank Mandiri Persero Tbk Pt Ord IDR250 – (12,452,400) – Telkom Indonesia Persero Tbk Ord IDR 50 – (146,243,200) – JAPAN 日本 Advance Residence Investment Corp REIT Npv 4 (104) – AEON REIT Investment Corp REIT Npv 117 (318) – Daiwa House REIT Investment Corp REIT Npv 454 (97) – Daiwa Ofce Investment Corp REIT Npv 2 (33) – Daiwa Securities Living Inve REIT Ord Npv 16 (440) – Frontier Real Estate Investment Corporation 24 (56) – Fukuoka REIT Corp Ord Npv 61 (107) – GLP J﹣REIT Npv 16 (524) – Invesco Ofce J﹣REIT Inc REIT Npv 921 (1,977) – Japan Excellent Inc REIT Npv 67 (193) – Japan Hotel REIT Investment Ord Npv 410 (154) – Kenedix Ofce Investment Corporation Ord Npv 23 (62) – Lasalle Logiport REIT – REIT – (1,153) – MCUBS Midcity Investment Corp – REIT 116 (475) – Nippon Accommodations Fund Inc REIT 2 (49) – Nippon Building Fund Inc 281 (26) – Nomura Real Estate Master Fund – REIT 106 (270) – Premier Investment Company Npv 74 (285) – Sekisui House REIT Inc – REIT 179 (240) – NeW ZeALAND ??兰 Spark New Zealand Ltd Ord Npv – (5,248,580) – SINGAPORe 新加坡 Ascendas Real Estate Investment Trust 604,766 (13,587,500) – Ascendas REIT Rights Rts Dec2020 – (604,766) 604,766 Capitaland Integrated Commercial Trust REIT Ord Npv – (16,487,400) (13,140,978) Frasers Centrepoint Trust REIT Npv 2,058,507 (7,452,800) – Frasers Centrepoint Trust Rts (Oct2020) – (8,234,070) 8,234,070 Mapletree Commercial Trust REIT Npv – (16,922,400) – Mapletree Industrial Trust REIT Npv – (13,850,500) – Mapletree Logistics Trust REIT Npv 834,245 (2,753,500) – Mapletree Logistics Trust Rts (Dec2020) – (306,445) 306,445 Mapletree North Asia Commercial REIT – (40,236,200) – Oversea﹣Chinese Banking Corp Ltd Ord SGD0.5 888,800 (287,297) – Singapore Telecommunications Ltd Ord Npv – (32,273,800) – Soilbuild Business Space REIT – (31,976,230) – Suntec REIT – (29,350,200) –53 Schroder Asian Asset Income Fund Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?额数目 Country/Territory 国家╱地区 Investments 投资项目 Additions 增加 Disposals 减少 Bonus/Splits 红股╱分拆 LISTeD eQUITIeS (Continued) 上市股票（续） SOUTH KOReA 南韩 Hana Financial Holdings Ord Npv 185,495 – – LG Chemical Ord KRW5000 17,162 – – LG Electronics Inc 154,393 – – NAVER Corp Ord KRW100 135,115 – – NCSoft Corporation 10,398 – – Samsung Electronics Co Ltd Ord KRW100 775,287 – – SK Telecom Company Limited 35,599 (61,026) – TAIWAN 台湾 ASE Technology Holding Co Ltd Ord TWD10 2,977,000 – – ASUSTek Computer Inc 1,696,000 – – Mediatek Inc 1,063,000 – – Novatek Microelectronics Corp Ltd 345,000 (774,000) – Realtek Semiconductor Corp 749,000 – – Taiwan Semiconductor Mfg Co. Ltd 2,150,000 – – THAILAND 泰国 Bangkok Bank Pcl Ord Nvdr THB10 – (2,016,000) – Bangkok Bank Pcl Ord THB10 (Fr) – (837,000) – Electricity Generating Pcl Ord Nvdr THB10 – (363,000) – Intouch Holdings Pcl – (6,500,400) – Land and Houses Pcl Ord Nvdr THB1 2,012,000 (17,346,800) – UNITeD STATeS OF AMeRICA 美国 ICICI Bank Limited Sponsored Adr (1 Adr Represents 2 Ordinary Shares) 432,589 – – Vipshop Hldgs Ltd Sponsored Adr USD0.0001 215,183 – – 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 – (672,844) – LUXeMBOURG 卢森堡 Schroder International Selection Fund – Asian Equity Yield USD Class I Acc 1,715,649 (471,051) – Schroder International Selection Fund – Dynamic Indian Income Fund – USD Class I Acc – (35,270) – Schroder International Selection Fund – Emerging Multi Asset Income – USD Class I Acc – (148,222) –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 2020 二零二零年十二月三十一日止期间 Holdings ?额数目 Currency 货币 Investments 投资项目 Additions 增加 Disposals 减少 Bonus/Splits 红股╱分拆 LISTeD DeBT SeCURITIeS 上市债务证券 HONG KONG DOLLAR 港元 China Evergrande Group (Reg S) 4.25% Conv 14Feb2023 – (56,000,000) – China Evergrande Group (Reg) (Reg S) 12% 22Jan2024 – (1,976,000) – Link 2019 Cb Ltd (Reg) (Reg S) 1.6% Conv 03Apr2024 8,000,000 – – Smart Insight Intl Ltd (Reg) (Reg S) 4.5% Conv 05Dec2023 – (32,000,000) – ReNMINBI 人民币 China Resources Land Ltd Ser Mtn (Reg) 5.23% 04Apr2023 (Interbank) 30,000,000 – – CIFI Holdings Group (Reg) (Reg S) 5.85% 19Aug2023 10,000,000 – – Wuhan Metro Ser Mtn (Reg) Var 30Jul2033(Interbank) 20,000,000 – – UNITeD STATeS DOLLAR 美元 AAC Technologies Holding (Reg) (Reg S) 3% 27Nov2024 – (10,700,000) – ABM Investama Tbk PT 7.125% 01Aug2022 – (9,140,000) – ABQ Finance Ser Emtn (Reg) (Reg S) 3.125% 24Sep2024 – (2,500,000) – Abu Dhabi Govt Int'l Ser Regs (Reg) (Reg S) 3.125% 16Apr2030 – (3,498,000) – Abu Dhabi National Energ Ser Regs (Reg) (Reg S) 4.375% 23Apr2025 – (4,500,000) – AC Energy Fin Intl Ltd Ser Emtn (Reg) (Reg S) 5.1% Perp 31Dec2049 2,226,000 – – AES Gener Sa Ser Regs (Reg) (Reg S) Var 26Mar2079 413,000 – – AES Panama Generation Hl Ser Regs (Reg) (Regs) 4.375% 31May2030 2,220,000 (2,220,000) – African Export﹣Import Ba Ser Regs (Reg S) 3.994% 21Sep2029 – (4,800,000) – Agile Group Holdings Ltd (Reg) (Reg S) 8.5% 18Jul2021 – (513,000) – AIA Group Ltd Ser Regs (Reg) (Reg S) 3.2% 16Sep2040 3,085,000 – – AKCB Finance Ltd (Reg) (Reg S) 4.75% 09Oct2023 – (5,030,000) – Aldar Sukuk Ltd (Reg) (Reg S) 4.75% 29Sep2025 – (2,222,000) – Alpha Holding Sa Ser Regs (Reg) (Regs) 10% 19Dec2022 – (1,600,000) –55 Schroder Asian Asset Income Fund Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?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） Anton Oilfeld Serv Grp/ (Reg) (Reg S) 9.75% 05Dec2020 – (5,600,000) – APL Realty Hldg Pte Ltd 5.95% 02Jun2024 – (3,531,000) – Arab National Bank (Reg S) Var 28Oct2030 1,966,000 – – Atento Luxco 1 Sa Ser Regs 6.125% 10Aug2022 – (5,896,000) – Axiata SPV2 Bhd Ser Emtn (Reg S) 2.163% 19Aug2030 2,010,000 (2,010,000) – Baidu Inc (Reg) 3.075% 07Apr2025 – (2,013,000) – Baidu Inc (Reg) 3.425% 07Apr2030 – (1,123,000) – Bank Mandiri Pt Ser Emtn (Reg) (Reg S) 4.75% 13May2025 2,000,000 – – BDO Unibank Inc Ser Emtn (Reg) (Reg S) 2.125% 13Jan2026 7,347,000 – – BHP Billiton Fin USA Ltd Ser Regs (Regs) Var 19Oct2075 – (12,800,000) – Blossom Joy Ltd (Reg) (Reg S) Var Perp 31Dec2049 4,463,000 – – Bluestar Fin Holdings (Reg) (Reg S) Var Perp 31Dec2049 1,535,000 – – Braskem Netherlands Ser Regs (Reg) (Reg S) Var 23Jan2081 8,229,000 – – Burgan Bank (Reg) (Reg S) Var 15Dec2031 3,745,000 – – CCCI Treasure Ltd Frn Perp 31Dec2049 – (2,976,000) – CDBL Funding (Regs) 4.25% 02Dec2024 – (7,000,000) – CEMEX SAB de CV Ser Regs (Reg S) 5.2% 17Sep2030 1,721,000 (1,721,000) – Central Chn Real Estate (Reg) (Reg S) 6.875% 10Feb2021 – (3,394,000) – Central Chn Real Estate (Reg) (Reg S) 7.65% 27Aug2023 3,000,000 – – CGNPC International Ltd Ser Regs (Reg) 4% 19May2025 – (4,600,000) – CH OVS Grand Oce Finance (Reg) (Reg S) 4.875% 01Jun2021 – (1,845,000) – China Aoyuan Group Ltd (Reg) (Reg S) 4.8% 18Feb2021 – (1,438,000) – China Aoyuan Group Ltd (Reg) (Reg S) 5.98% 18Aug2025 1,000,000 – – China Cinda Finance 2017 Ser Emtn (Reg) (Regs) 3.875% 08Feb2023 – (4,000,000) – China Evergrande Group (Reg) (Reg S) 11.5% 22Jan2023 – (2,815,000) –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 2020 二零二零年十二月三十一日止期间 Holdings ?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 Evergrande Group (Reg) (Reg S) 7.5% 28Jun2023 – (1,500,000) – China Evergrande Group (Reg) (Reg S) 8.25% 23Mar2022 – (1,500,000) – China Hongqiao Group Ltd (Reg) (Reg S) 7.125% 22Jul2022 – (7,884,000) – China Hongqiao Group Ltd (Reg) (Reg S) 7.375% 02May2023 – (1,000,000) – China Life Insurance Co Var (Reg S) 03Jul2075 – (19,000,000) – China Mengniu Dairy (Reg) (Reg S) 1.5% Conv 24Jun2023 – (2,600,000) – China SCE Grp Hldgs Ltd (Reg) (Reg S) 7.25% 19Apr2023 – (4,000,000) – CICC HK Finance 2016 Mtn Ser Emtn (Reg S) 1.75% 10Aug2023 1,588,000 (1,588,000) – Cindai Capital Ltd (Reg) (Regs) 0% 08Feb2023 – (1,474,000) – CK Hutchison Intl 20 Ltd Ser Regs (Reg) (Reg S) 2.5% 08May2030 – (1,584,000) – CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.5% 19Jul2022 – (4,000,000) – CNAC HK Finbridge Co Ltd (Reg) (Reg S) Var Perp 31Dec2049 6,503,000 – – CNOOC Finance 2013 Ltd 3.3% 30Sep2049 – (4,017,000) – CNOOC Finance 2014 Ulc 4.875% 30Apr2044 – (4,000,000) – CNRC Capitale Ltd (Reg) (Regs) Var Perp 31Dec2049 792,000 – – Coca﹣Cola FEMSA SAB CV (Reg) 1.85% 01Sep2032 3,945,000 (3,945,000) – Colombia Telecomunicacio Ser Regs (Regs) 4.95% 17Jul2030 2,340,000 – – Commercial Bank of Dubai (Reg) (Reg S) Var Perp 31Dec2049 5,537,000 (5,537,000) – Corp Financiera De Desar Ser Regs (Reg S) 2.4% 28Sep2027 3,260,000 (3,260,000) – Country Garden Hldgs (Reg) (Reg S) 3.125% 22Oct2025 5,289,000 – – Country Garden Hldgs (Reg) (Reg S) 3.875% 22Oct2030 3,641,000 – – Country Garden Hldgs (Reg) (Reg S) 4.2% 06Feb2026 2,500,000 – – Country Garden Hldgs (Reg) (Reg S) 4.8% 06Aug2030 3,050,000 – – Credito Real Sab De Cv Ser Regs (Reg) (Reg S) 9.5% 07Feb2026 – (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 2020 二零二零年十二月三十一日止期间 Holdings ?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） DBS Group Holdings Ltd Ser Gmtn (Reg) (Reg S) Var Perp 31Dec2049 2,627,000 – – DIB Tier 1 Sukuk 4 (Reg S) Var Perp 31Dec2049 1,009,000 (1,009,000) – Dubai Dof Sukuk Ltd Ser Emtn (Reg S) 2.763% 09Sep2030 2,664,000 (2,664,000) – Eastern Creation II Inve Ser Emtn (Reg) (Reg S) 1% 10Sep2023 417,000 – – Elect Global Inv Ltd (Reg) (Reg S) 4.85% Perp 31Dec2049 5,799,000 (1,244,000) – Emaar Sukuk Ltd 3.635% 15Sep2026 – (1,500,000) – Emaar Sukuk Ltd Ser Emtn (Reg) (Reg S) 3.875% 17Sep2029 – (4,202,000) – Embraer Netherlands Fina Ser Regs (Reg S) 6.95% 17Jan2028 1,842,000 (1,842,000) – Emirates Nbd Tier 1 (Regs) (Reg) 2014 Var Perp 17Dec2049 – (8,400,000) – Empresa De Los Ferrocarr Ser Regs (Reg S) 3.068% 18Aug2050 1,235,000 – – Engie Energia Chile Sa Ser Regs (Reg) (Reg S) 3.4% 28Jan2030 – (3,189,000) – Equate Petrochemical Bv 3% 3Mar2022 – (4,700,000) – Export﹣Import Bk Thailnd Ser Emtn (Reg) (Reg S) 1.457% 15Oct2025 3,685,000 – – Fantasia Holdings Group (Reg S) 7.95% 05Jul2022 600,000 (600,000) – Fantasia Holdings Group (Reg) (Reg S) 9.25% 28Jul2023 945,000 (945,000) – Formosa Group Cayman Ltd (Reg) (Regs) 3.375% 22Apr2025 – (13,000,000) – Foxconn Far East Ltd (Reg) (Reg S) 2.5% 28Oct2030 3,743,000 – – Gemdale Ever Prosperity (Reg) (Reg S) 6% 06Sep2021 – (10,257,000) – Globe Telecom Inc (Reg) (Reg S) 2.5% 23Jul2030 4,000,000 – – Globe Telecom Inc (Reg) (Reg S) 3% 23Jul2035 4,000,000 – – Globo Communicacoes Part Ser Regs (Regs) Stp 08June2025 1,252,000 – – Great Wall Intl V (Reg) (Reg S) 2.375% 18Aug2030 7,000,000 – – Greenland Glb Invst Ser Emtn (Reg) (Reg S) 6.125% 22Apr2023 4,000,000 (4,000,000) – Greenland Glb Invst Ser Emtn (Reg) (Reg S) 6.25% 16Dec2022 – (5,268,000) –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 2020 二零二零年十二月三十一日止期间 Holdings ?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） Greentown China Hldgs (Reg) (Reg S) 5.65% 13Jul2025 6,346,000 (3,000,000) – Grupo Kuo SAB de CV Ser Regs (Reg) (Regs) 5.75% 07Jul2027 990,000 – – Gz Mtr Fin BVI Ser Emtn (Reg) (Reg S) 1.507% 17Sep2025 5,978,000 – – Gz Mtr Fin BVI Ser Emtn (Reg) (Reg S) 2.31% 17Sep2030 6,000,000 – – Halcyon Agri Corp Ltd (Reg) (Reg S) Var Perp 31Dec2049 3,500,000 – – Hejun Shunze Investment (Reg) (Reg S) 11% 04Jun2022 – (4,328,000) 1,744,000 Hejun Shunze Investment Ser Jul (Reg) (Reg S) 11% 04Jun2022 – – (1,744,000) Hengjian Intl Invt Ltd (Reg) (Reg S) 1.875% 23Jun2025 – (1,276,000) – Hero Asia Investment Ltd (Reg) (Reg S) 1.5% 18Nov2023 500,000 (500,000) – HSBC Holdings Plc (Reg) Var Perp 29Mar2049 2,900,000 – – Hyundai Capital America Ser Regs (Reg) (Reg S) 5.75% 06Apr2023 – (11,000,000) – India Green Energy Hldng Ser Regs (Reg S) 5.375% 29Apr2024 1,762,000 – – Indian Oil Corp Ltd (Reg) (Reg S) 4.75% 16Jan2024 – (10,000,000) – Indian Oil Corp Ltd Ser Emtn (Reg S) 5.75% 01Aug2023 – (3,000,000) – Industrias Penoles SAB D Ser Regs (Reg S) 4.75% 06Aug2050 780,000 (780,000) – International Container (Reg) (Reg S) 4.75% 17Jun2030 – (2,620,000) – Israel (Govt of) (Reg) (Reg S) 3.8% 13May2060 – (4,610,000) – JD.com Inc 3.375% 14Jan2030 – (1,757,000) – JGSH Philippines Ltd (Reg) (Reg S) 4.125% 09Jul2030 4,329,000 (4,329,000) – Jollibee Worldwide Pte L (Reg S) 4.125% 24Jan2026 1,000,000 – – Jollibee Worldwide Pte L (Reg S) 4.75% 24Jun2030 5,000,000 – – Joy Trsr Assets Hld (Reg) (Reg S) 1.875% 17Nov2025 1,374,000 – – Joy Trsr Assets Hld (Reg) (Reg S) 2.75% 17Nov2030 743,000 – – JSL Europe 7.75% 26Jul2024 3,000,000 – – Kaisa Group Holdings Ltd (Reg) (Reg S) 11.25% 16Apr2025 8,337,000 (8,337,000) –59 Schroder Asian Asset Income Fund Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?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） Kaisa Group Holdings Ltd (Reg) (Reg S) 9.75% 28Sep2023 4,200,000 (4,200,000) – Kingdom of Bahrain Ser Regs (Reg) (Reg S) 5.45% 16Sep2032 2,202,000 – – Kookmin Bank Ser Regs (Reg) (Reg S) 1.75% 04May2025 – (1,435,000) – Kookmin Bank Ser Regs (Reg) (Reg S) 2.5% 04Nov2030 4,000,000 – – KWG Group Holdings (Reg S) 7.875% 01Sep2023 3,000,000 – – KWG Group Holdings (Reg) (Reg S) 6.3% 13Feb2026 2,069,000 – – KWG Group Holdings (Reg) (Reg S) 7.4% 13Jan2027 300,000 – – Lenovo Group Ltd (Reg) (Reg S) 3.375% Conv 24Jan2024 – (8,641,000) – Lenovo Group Ltd Ser Regs (Reg S) 3.421% 02Nov2030 1,753,000 – – Logan Group Co Ltd (Reg) (Reg S) 4.85% 14Dec2026 1,746,000 – – Logan Group Co Ltd (Reg) (Reg S) 5.25% 19Oct2025 3,058,000 – – MAF Global Secs Ltd (Ser Regs) (Reg) 4.75% 07May2024 – (4,700,000) – Megaworld Corp (Reg) (Reg S) 4.125% 30Jul2027 5,000,000 (5,000,000) – Meglobal Canada Ulc Ser Regs (Reg S) 5.875% 18May2030 – (2,398,000) – Meituan Ser Regs (Reg) (Reg S) 2.125% 28Oct2025 505,000 – – Meituan Ser Regs (Reg) (Reg S) 3.05% 28Oct2030 1,209,000 – – Metropolitan Bank & Trus Ser Emtn (Reg S) 2.125% 15Jan2026 6,905,000 – – Metropolitan Light Co Ser Regs (Reg) 5.5% 21Nov2022 – (9,596,000) – Millicom Intl Cellular Ser Regs (Reg S) 4.5% 27Apr2031 525,000 (525,000) – Millicom Intl Cellular Ser Regs (Reg) (Regs) 6% 15Mar2025 – (3,955,000) – Millicom Intl Cellular Ser Regs (Reg) 6.625% 15Oct2026 – (2,040,000) – Minejesa Capital Bv Ser Regs (Regs) 4.625% 10Aug2030 – (1,000,000) – Mirae Asset Daewoo Co (Reg) (Reg S) 2.625% 30Jul2025 2,591,000 (2,591,000) – Modern Land China Co Ltd (Reg) (Reg S) 11.5% 13Nov2022 2,800,000 – –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 2020 二零二零年十二月三十一日止期间 Holdings ?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） MTR Corp Ltd Ser Emtn (Reg) (Reg S) 1.625% 19Aug2030 2,452,000 – – Nagacorp Ltd Ser Regs 9.375% 21May2021 – (3,200,000) – Nan Fung Treasury III (Reg) (Reg S) 5% Perp 31Dec2049 4,119,000 – – National Central Cooling (Reg) (Reg S) 2.5% 21Oct2027 3,063,000 (3,063,000) – NBK Tier 1 Financing 2 Ser Regs (Reg S) Var Perp 31Dec2049 – (2,700,000) – NBK Tier 2 Ltd (Reg S) Var 24Nov2030 2,558,000 – – Nomura Holdings Inc (Reg) 1.851% 16Jul2025 11,748,000 (11,748,000) – Nomura Holdings Inc (Reg) 3.103% 16Jan2030 – (6,716,000) – NWD Finance (BVI) (Reg S) (Reg) 5.75% Perp 29Dec2049 – (4,500,000) – NWD Finance (BVI) Ltd (Reg) (Reg S) Var Perp 31Dec2049 1,985,000 – – NWD Finance (BVI) Ltd (Reg) (Regs) 4.8% Perp 29Dec2049 4,277,000 – – NWD Mtn Ltd Ser Emtn (Reg) (Reg S) 4.5% 19May2030 3,000,000 – – OP Servicios Mega Ser Regs (Reg S) 8.25% 11Feb2025 – (7,585,000) – Oversea﹣Chinese Banking Ser Regs (Reg S) Var 10Sep2030 5,000,000 – – Oversea﹣Chinese Banking Ser Regs 4.25% 19Jun2024 – (7,200,000) – Overseas Chinese Town As (Reg) (Reg S) Var Perp 29Dec2049 – (9,000,000) – Panther Ventures Ltd (Reg) (Reg S) 3.5% Perp 31Dec2049 6,183,000 – – PB International BV 7.625% 26Jan2022 – (2,302,000) – Periama Holdings Llc/De (Reg) (Reg S) 5.95% 19Apr2026 8,831,000 – – Perusahaan Gas Negara Ser Regs 5.125% 16May2024 – (8,000,000) – Petroleos Mexicanos Ser Regs (Reg) (Reg S) 6.875% 16Oct2025 1,700,000 (1,700,000) – Petronas Capital Ltd Ser Regs (Reg) (Reg S) 3.5% 21Apr2030 – (5,236,000) –61 Schroder Asian Asset Income Fund Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?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） Petronas Capital Ltd Ser Regs (Reg) (Reg S) 4.55% 21Apr2050 – (4,975,000) – Petronas Capital Ltd Ser Regs (Reg) (Reg S) 4.8% 21Apr2060 – (408,000) – Powerlong Real Estate (Reg S) 9.125% 14Jan2021 – (300,000) – Powerlong Real Estate (Reg) (Reg S) 5.95% 30Apr2025 2,500,000 – – Powerlong Real Estate (Reg) (Reg S) 6.25% 10Aug2024 2,559,000 – – Powerlong Real Estate 5.95% 19Jul2020 – (7,222,000) – Press Metal Labuan Ltd (Reg S) 4.8% 30Oct2022 – (1,955,000) – PTTEP Treasury Center Co Ser Regs (Reg S) 3.903% 06Dec2059 – (450,000) – QNB Finance Ltd Ser Emtn (Reg) (Reg S) 2.75% 12Feb2027 – (5,000,000) – Renew Power Ltd Ser Regs (Reg) (Reg S) 6.45% 27Sep2022 – (4,210,000) – Renew Power Pvt Ltd Ser Regs (Reg) (Reg S) 5.875% 05Mar2027 4,000,000 – – Republic of Philippines (Reg) 1.648% 10Jun2031 6,531,000 – – Republic of Philippines (Reg) 2.65% 10Dec2045 13,614,000 – – Rizal Commercial Banking (Reg) (Reg S) Var Perp 31Dec2049 4,624,000 – – Ronshine China (Reg) (Reg S) 11.25% 22Aug2021 – (1,555,000) – Ronshine China (Reg) (Reg S) 7.35% 15Dec2023 – (3,000,000) – Ronshine China (Reg) (Reg S) 8.95% 22Jan2023 – (6,000,000) – Royal Capital Bv (Reg) (Reg S) Var Perp 31Dec2049 1,190,000 – – SABIC Capital I Bv (Reg) (Reg S) 2.15% 14Sep2030 1,206,000 (1,206,000) – SABIC Capital I Bv (Reg) (Reg S) 3% 14Sep2050 1,454,000 (1,454,000) – Scentre Group Trust 1/2 Ser Regs (Reg) (Reg S) 3.625% 28Jan2026 – (7,585,000) – SD International Sukuk Ser Emtn (Reg) (Reg S) 6.3% 09May2022 – (4,543,000) – Shimao Group Hldgs Ltd (Reg) (Reg S) 4.6% 13Jul2030 1,423,000 – – Shimao Group Hldgs Ltd 6.375% 15Oct2021 – (8,800,000) – Shinhan Financial Group Ser Regs (Reg) (Reg S) 1.35% 10Jan2026 7,000,000 – – Sinopec Grp Dev 2018 Ser Regs (Reg S) 2.15% 13May2025 – (4,075,000) –施罗德亚洲高息股债基金 62 Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?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） Sinopec Grp Dev 2018 Ser Regs (Reg S) 3.44% 12Nov2049 – (1,977,000) – Sinopec Grp Overseas Dev Ser Regs (Reg) (Regs) 4% 13Sep2047 – (2,000,000) – SMC Global Power Hldgs (Reg) (Reg S) Var Perp 31Dec2049 2,494,000 – – SPIC Mtn Co Ltd Ser Emtn (Reg) (Reg S) 1.625% 27Jul2025 3,382,000 (3,382,000) – Star Energy Co Issue Ser Regs (Reg) (Reg S) 4.85% 14Oct2038 2,705,000 – – State Grid Overseas Inv Ser Emtn (Reg) (Reg S) 1.625% 05Aug2030 2,781,000 – – State of Qatar Ser Regs (Reg S) 3.75% 16Apr2030 – (3,663,000) – State of Qatar Ser Regs (Reg S) 4.4% 16Apr2050 – (3,646,000) – Sunac China Holdings Ltd (Reg) (Reg S) 6.5% 09Jul2023 2,998,000 (1,998,000) – Sunac China Holdings Ltd (Reg) (Reg S) 6.65% 03Aug2024 1,600,000 – – Sunac China Holdings Ltd 7% 09Jul2025 3,650,000 (1,333,000) – Swire Propert Mtn Fin Ser Emtn (Reg) (Reg S) 3.625% 13Jan2026 – (5,000,000) – TCL Technology Invest (Reg) (Reg S) 1.875% 14Jul2025 1,483,000 – – Tencent Holdings Ltd Ser Regs (Reg S) 1.81% 26Jan2026 – (1,600,000) – ThaiOil Trsry Center Ser Regs (Reg S) 2.5% 18Jun2030 6,000,000 – – ThaiOil Trsry Center Ser Regs (Reg S) 3.75% 18Jun2050 2,000,000 – – Three Gorges Fin I Ky (Reg S) 3.2% 16Oct2049 – (5,000,000) – Times China Hldg Ltd (Reg) (Reg S) 6.75% 08Jul2025 10,000,000 (4,081,000) – Times China Hldg Ltd (Reg) (Reg S) 7.625% 21Feb2022 – (4,500,000) – Transurban Finance Co Ser Regs (Reg S) 2.45% 16Mar2031 2,353,000 (2,353,000) – Trust F/1401 Ser Regs (Reg) (Reg S) 4.869% 15Jan2030 3,510,000 – – Trust F/1401 Ser Regs (Reg) (Reg S) 6.39% 15Jan2050 3,845,000 – – United Overseas Bank Ltd Ser Gmtn (Reg) (Reg S) Var 16Mar2031 5,000,000 – –63 Schroder Asian Asset Income Fund Investment Portfolio Movements (Continued) 投资组合变动（续） For the period ended 31st December 2020 二零二零年十二月三十一日止期间 Holdings ?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% 17Dec2020 32,000,000 (32,000,000) – US Treasury Bill 0% 17Nov2020 31,000,000 (31,000,000) – US Treasury Bill 0% 26Jan2021 17,000,000 – – US Treasury Bill 0% 29Sep2020 19,000,000 (19,000,000) – Weibo Corp (Reg) 3.375% 08Jul2030 – (1,315,000) – Westwood Grp Hold Ltd Ser Emtn (Regs) 4.875% 19Apr2021 – (3,240,000) – Wynn Macau Ltd Ser Dec (Reg) (Reg S) 5.625% 26Aug2028 1,460,000 – – Yango Justice Intl (Reg) (Reg S) 7.5% 17Feb2025 875,000 – – Yango Justice Intl (Reg) (Regs) 7.5% 15Apr2024 1,113,000 – – Yuzhou Group (Reg) (Reg S) 7.85% 12Aug2026 4,000,000 – – Yuzhou Properties Co Ltd (Reg) (Reg S) 6.375% 06Mar2021 – (2,000,000) – Zhenro Properties Group (Reg) (Reg S) 12.5% 02Jan2021 – (925,000) – Zhenro Properties Group (Reg) (Reg S) 5.95% 18Nov2021 1,147,000 – – Zhenro Properties Group (Reg) (Reg S) 7.35% 05Feb2025 2,078,000 – – Zhongan Online P&C Insur (Reg) (Reg S) 3.125% 16Jul2025 7,025,000 – – Zoomlion HK SPV Co Ltd Ser Regs 6.125% 20Dec2022 – (3,000,000) – UNLISTeD/QUOTeD DeBT SeCURITIeS 非上市╱挂牌债务证券 UNITeD STATeS DOLLAR 美元 Alpha Holding Sa Ser Regs (Reg S) 9% 10Feb2025 – (3,042,000) – Commonwealth Bank Aust (Reg S) Var 20Oct2026 – (9,286,000) – Scentre Group Trust 2 Ser Regs (Reg S) Var 24Sep2080 5,535,000 – – Scentre Group Trust 2 Ser Regs (Reg S) Var 24Sep2080 6,772,000 – – US Treasury Bill 0% 11Feb2021 14,600,000 – –施罗德亚洲高息股债基金 64 The Fund holds the following derivative fnancial instruments: (a) Foreign exchange forward contracts As at 31st December 2020, 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 ??值 HK$ 港元 Financial assets 金融资产： Buy AUD and Sell USD 21st January 2021 AUD 澳元2,873 买澳元沽美元 二零二一年一月二十一日 US$ 美元2,174 339 Buy AUD and Sell USD 21st January 2021 AUD 澳元 44,235 买澳元沽美元 二零二一年一月二十一日 US$ 美元34,000 1,095 Buy AUD and Sell USD 21st January 2021 AUD 澳元17,136 买澳元沽美元 二零二一年一月二十一日 US$ 美元13,051 1,358 Buy AUD and Sell USD 21st January 2021 AUD 澳元15,430 买澳元沽美元 二零二一年一月二十一日 US$ 美元11,725 1,430 Buy AUD and Sell USD 21st January 2021 AUD 澳元44,405 买澳元沽美元 二零二一年一月二十一日 US$ 美元34,004 2,080 Buy AUD and Sell USD 21st January 2021 AUD 澳元45,494 买澳元沽美元 二零二一年一月二十一日 US$ 美元34,678 3,375 Buy AUD and Sell USD 21st January 2021 AUD 澳元86,981 买澳元沽美元 二零二一年一月二十一日 US$ 美元66,245 6,892 Buy AUD and Sell USD 21st January 2021 AUD 澳元72,314 买澳元沽美元 二零二一年一月二十一日 US$ 美元54,705 8,597 Buy AUD and Sell USD 21st January 2021 AUD 澳元71,230 买澳元沽美元 二零二一年一月二十一日 US$ 美元53,703 9,875 Buy AUD and Sell USD 21st January 2021 AUD 澳元105,670 买澳元沽美元 二零二一年一月二十一日 US$ 美元79,981 12,228 Details in Respect of Financial Derivative Instruments 金融衍生工具的详情 As at 31st December 2020 截至二零二零年十二月三十一日 本基金持有以下的衍生金融工具： (a) 远期外汇合约 截至二零二零年十二月三十一日，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：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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial assets (Continued) 金融资产（续）： Buy AUD and Sell USD 21st January 2021 AUD 澳元188,459 买澳元沽美元 二零二一年一月二十一日 US$ 美元142,100 26,020 Buy AUD and Sell USD 21st January 2021 AUD 澳元203,754 买澳元沽美元 二零二一年一月二十一日 US$ 美元153,699 27,619 Buy AUD and Sell USD 21st January 2021 AUD 澳元2,093,441 买澳元沽美元 二零二一年一月二十一日 US$ 美元1,578,009 292,667 Buy AUD and Sell USD 21st January 2021 AUD 澳元10,991,688 买澳元沽美元 二零二一年一月二十一日 US$ 美元8,417,160 514,947 Buy AUD and Sell USD 21st January 2021 AUD 澳元537,728,451 买澳元沽美元 二零二一年一月二十一日 US$ 美元405,332,716 75,175,467 Buy CNH and Sell USD 21st January 2021 CNH 人民币17,535 买人民币沽美元 二零二一年一月二十一日 US$ 美元2,693 18 Buy CNH and Sell USD 21st January 2021 CNH 人民币9,999 买人民币沽美元 二零二一年一月二十一日 US$ 美元1,532 37 Buy CNH and Sell USD 21st January 2021 CNH 人民币14,157 买人民币沽美元 二零二一年一月二十一日 US$ 美元2,169 61 Buy CNH and Sell USD 21st January 2021 CNH 人民币36,009 买人民币沽美元 二零二一年一月二十一日 US$ 美元5,514 166 Buy CNH and Sell USD 21st January 2021 CNH 人民币38,973 买人民币沽美元 二零二一年一月二十一日 US$ 美元5,968 177 Buy CNH and Sell USD 21st January 2021 CNH 人民币57,978 买人民币沽美元 二零二一年一月二十一日 US$ 美元8,889 182 Buy CNH and Sell USD 21st January 2021 CNH 人民币61,054 买人民币沽美元 二零二一年一月二十一日 US$ 美元9,356 226 Buy CNH and Sell USD 21st January 2021 CNH 人民币36,412 买人民币沽美元 二零二一年一月二十一日 US$ 美元5,566 246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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD 21st January 2021 CNH 人民币33,002 买人民币沽美元 二零二一年一月二十一日 US$ 美元5,037 280 Buy CNH and Sell USD 21st January 2021 CNH 人民币39,698 买人民币沽美元 二零二一年一月二十一日 US$ 美元6,063 308 Buy CNH and Sell USD 21st January 2021 CNH 人民币45,503 买人民币沽美元 二零二一年一月二十一日 US$ 美元6,954 315 Buy CNH and Sell USD 21st January 2021 CNH 人民币376,769 买人民币沽美元 二零二一年一月二十一日 US$ 美元57,870 385 Buy CNH and Sell USD 21st January 2021 CNH 人民币71,062 买人民币沽美元 二零二一年一月二十一日 US$ 美元10,867 442 Buy CNH and Sell USD 21st January 2021 CNH 人民币141,235 买人民币沽美元 二零二一年一月二十一日 US$ 美元21,634 603 Buy CNH and Sell USD 21st January 2021 CNH 人民币91,563 买人民币沽美元 二零二一年一月二十一日 US$ 美元13,990 663 Buy CNH and Sell USD 21st January 2021 CNH 人民币129,080 买人民币沽美元 二零二一年一月二十一日 US$ 美元19,697 1,132 Buy CNH and Sell USD 21st January 2021 CNH 人民币396,173 买人民币沽美元 二零二一年一月二十一日 US$ 美元60,549 2,739 Buy CNH and Sell USD 21st January 2021 CNH 人民币625,021 买人民币沽美元 二零二一年一月二十一日 US$ 美元95,710 2,885 Buy CNH and Sell USD 21st January 2021 CNH 人民币506,594 买人民币沽美元 二零二一年一月二十一日 US$ 美元77,436 3,419 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,594,711 买人民币沽美元 二零二一年一月二十一日 US$ 美元244,504 5,013 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,612,346 买人民币沽美元 二零二一年一月二十一日 US$ 美元246,917 7,32467 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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD 21st January 2021 CNH 人民币975,907 买人民币沽美元 二零二一年一月二十一日 US$ 美元149,047 7,571 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,166,921 买人民币沽美元 二零二一年一月二十一日 US$ 美元178,298 8,446 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,675,028 买人民币沽美元 二零二一年一月二十一日 US$ 美元256,153 10,425 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,629,844 买人民币沽美元 二零二一年一月二十一日 US$ 美元248,767 13,831 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,667,794 买人民币沽美元 二零二一年一月二十一日 US$ 美元254,499 14,625 Buy CNH and Sell USD 21st January 2021 CNH 人民币33,289,432 买人民币沽美元 二零二一年一月二十一日 US$ 美元5,111,917 43,177 Buy CNH and Sell USD 21st January 2021 CNH 人民币95,264,793 买人民币沽美元 二零二一年一月二十一日 US$ 美元14,628,838 123,560 Buy CNH and Sell USD 21st January 2021 CNH 人民币1,268,328,241 买人民币沽美元 二零二一年一月二十一日 US$ 美元194,003,841 7,540,534 Buy CNH and Sell USD 21st January 2021 CNH 人民币3,358,472,621 买人民币沽美元 二零二一年一月二十一日 US$ 美元513,712,908 19,966,975 Buy GBP and Sell USD 21st January 2021 GBP 英镑47 买英镑沽美元 二零二一年一月二十一日 US$ 美元62 12 Buy GBP and Sell USD 21st January 2021 GBP 英镑9,895 买英镑沽美元 二零二一年一月二十一日 US$ 美元13,395 1,026 Buy GBP and Sell USD 21st January 2021 GBP 英镑8,373 买英镑沽美元 二零二一年一月二十一日 US$ 美元11,155 2,258 Buy GBP and Sell USD 21st January 2021 GBP 英镑171,027 买英镑沽美元 二零二一年一月二十一日 US$ 美元231,536 17,737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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial assets (Continued) 金融资产（续）： Buy GBP and Sell USD 21st January 2021 GBP 英镑158,414 买英镑沽美元 二零二一年一月二十一日 US$ 美元213,745 21,972 Buy GBP and Sell USD 21st January 2021 GBP 英镑734,220 买英镑沽美元 二零二一年一月二十一日 US$ 美元978,335 197,480 Buy GBP and Sell USD 21st January 2021 GBP 英镑8,020,372 买英镑沽美元 二零二一年一月二十一日 US$ 美元10,687,001 2,157,204 106,237,443 Financial liabilities 金融负债： Buy USD and Sell AUD 21st January 2021 US$ 美元1,225,294 买美元沽澳元 二零二一年一月二十一日 AUD 澳元1,619,514 (191,282) Buy USD and Sell AUD 21st January 2021 US$ 美元612,407 买美元沽澳元 二零二一年一月二十一日 AUD 澳元811,861 (110,089) Buy USD and Sell AUD 21st January 2021 US$ 美元528,265 买美元沽澳元 二零二一年一月二十一日 AUD 澳元700,628 (96,831) Buy USD and Sell AUD 21st January 2021 US$ 美元391,504 买美元沽澳元 二零二一年一月二十一日 AUD 澳元519,294 (72,068) Buy USD and Sell AUD 21st January 2021 US$ 美元460,897 买美元沽澳元 二零二一年一月二十一日 AUD 澳元609,114 (71,531) Buy USD and Sell AUD 21st January 2021 US$ 美元1,517,143 买美元沽澳元 二零二一年一月二十一日 AUD 澳元1,973,875 (49,048) Buy USD and Sell AUD 21st January 2021 US$ 美元209,793 买美元沽澳元 二零二一年一月二十一日 AUD 澳元278,819 (41,892) Buy USD and Sell AUD 21st January 2021 US$ 美元248,346 买美元沽澳元 二零二一年一月二十一日 AUD 澳元326,848 (30,394)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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell AUD 21st January 2021 US$ 美元172,632 买美元沽澳元 二零二一年一月二十一日 AUD 澳元228,088 (26,431) Buy USD and Sell AUD 21st January 2021 US$ 美元178,293 买美元沽澳元 二零二一年一月二十一日 AUD 澳元235,045 (24,178) Buy USD and Sell AUD 21st January 2021 US$ 美元116,222 买美元沽澳元 二零二一年一月二十一日 AUD 澳元152,612 (12,141) Buy USD and Sell AUD 21st January 2021 US$ 美元100,083 买美元沽澳元 二零二一年一月二十一日 AUD 澳元131,305 (9,775) Buy USD and Sell AUD 21st January 2021 US$ 美元86,699 买美元沽澳元 二零二一年一月二十一日 AUD 澳元113,844 (9,054) Buy USD and Sell CNH 21st January 2021 US$ 美元1,070,198 买美元沽人民币 二零二一年一月二十一日 CNH 人民币7,012,410 (60,551) Buy USD and Sell CNH 21st January 2021 US$ 美元797,417 买美元沽人民币 二零二一年一月二十一日 CNH 人民币5,215,654 (33,927) Buy USD and Sell CNH 21st January 2021 US$ 美元690,751 买美元沽人民币 二零二一年一月二十一日 CNH 人民币4,519,476 (31,171) Buy USD and Sell CNH 21st January 2021 US$ 美元482,716 买美元沽人民币 二零二一年一月二十一日 CNH 人民币3,163,756 (28,250) Buy USD and Sell CNH 21st January 2021 US$ 美元554,636 买美元沽人民币 二零二一年一月二十一日 CNH 人民币3,630,459 (26,889) Buy USD and Sell CNH 21st January 2021 US$ 美元474,452 买美元沽人民币 二零二一年一月二十一日 CNH 人民币3,108,829 (26,859) Buy USD and Sell CNH 21st January 2021 US$ 美元493,516 买美元沽人民币 二零二一年一月二十一日 CNH 人民币3,232,263 (26,163) Buy USD and Sell CNH 21st January 2021 US$ 美元828,316 买美元沽人民币 二零二一年一月二十一日 CNH 人民币5,409,755 (25,698)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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH 21st January 2021 US$ 美元512,855 买美元沽人民币 二零二一年一月二十一日 CNH 人民币3,357,418 (25,393) Buy USD and Sell CNH 21st January 2021 US$ 美元749,406 买美元沽人民币 二零二一年一月二十一日 CNH 人民币4,893,080 (21,682) Buy USD and Sell CNH 21st January 2021 US$ 美元498,530 买美元沽人民币 二零二一年一月二十一日 CNH 人民币3,260,736 (21,220) Buy USD and Sell CNH 21st January 2021 US$ 美元427,089 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,795,948 (21,146) Buy USD and Sell CNH 21st January 2021 US$ 美元847,959 买美元沽人民币 二零二一年一月二十一日 CNH 人民币5,531,266 (18,214) Buy USD and Sell CNH 21st January 2021 US$ 美元373,194 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,442,798 (18,093) Buy USD and Sell CNH 21st January 2021 US$ 美元375,489 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,456,764 (16,943) Buy USD and Sell CNH 21st January 2021 US$ 美元769,350 买美元沽人民币 二零二一年一月二十一日 CNH 人民币5,018,483 (16,508) Buy USD and Sell CNH 21st January 2021 US$ 美元276,744 买美元沽人民币 二零二一年一月二十一日 CNH 人民币1,812,521 (14,671) Buy USD and Sell CNH 21st January 2021 US$ 美元233,849 买美元沽人民币 二零二一年一月二十一日 CNH 人民币1,532,666 (13,686) Buy USD and Sell CNH 21st January 2021 US$ 美元325,547 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,126,160 (10,103) Buy USD and Sell CNH 21st January 2021 US$ 美元320,266 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,091,659 (9,923) Buy USD and Sell CNH 21st January 2021 US$ 美元329,595 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,152,016 (9,534)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 2020 截至二零二零年十二月三十一日 Foreign exchange forward contracts 远期外汇合约 Maturity date 到期日 Notional value 名义值 Fair value ??值 HK$ 港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH 21st January 2021 US$ 美元367,523 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,398,509 (9,259) Buy USD and Sell CNH 21st January 2021 US$ 美元637,765 买美元沽人民币 二零二一年一月二十一日 CNH 人民币4,152,920 (5,057) Buy USD and Sell CNH 21st January 2021 US$ 美元96,218 买美元沽人民币 二零二一年一月二十一日 CNH 人民币628,400 (2,981) Buy USD and Sell CNH 21st January 2021 US$ 美元108,406 买美元沽人民币 二零二一年一月二十一日 CNH 人民币707,473 (2,731) Buy USD and Sell CNH 21st January 2021 US$ 美元330,887 买美元沽人民币 二零二一年一月二十一日 CNH 人民币2,154,632 (2,624) Buy USD and Sell GBP 21st January 2021 US$ 美元590,770 买美元沽英镑 二零二一年一月二十一日 GBP 英镑437,851 (60,836) Buy USD and Sell GBP 21st January 2021 US$ 美元309,341 买美元沽英镑 二零二一年一月二十一日 GBP 英镑229,042 (29,451) Buy USD and Sell GBP 21st January 2021 US$ 美元67,762 买美元沽英镑 二零二一年一月二十一日 GBP 英镑50,223 (6,987) Buy USD and Sell GBP 21st January 2021 US$ 美元15,778 买美元沽英镑 二零二一年一月二十一日 GBP 英镑11,600 (627) (1,341,891)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 2020 截至二零二零年十二月三十一日 As at 31st December 2020, the Fund held the outstanding foreign exchange forward contracts with Morgan Stanley and Co Intl, 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 ??值 HK$ 港元 Financial assets 金融资产： Buy USD and Sell TWD 18th March 2021 US$ 美元228,120,361 买美元沽台币 二零二一年三月十八日 TWD 台幣6,300,000,000 29,728,843 29,728,843 As at 31st December 2020, 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 ??值 HK$ 港元 Financial liabilities 金融负债： Buy USD and Sell AUD 18th March 2021 US$ 美元162,423,105 买美元沽澳元 二零二一年三月十八日 AUD 澳元215,000,000 (27,770,922) Buy USD and Sell AUD 18th March 2021 US$ 美元151,119,860 买美元沽澳元 二零二一年三月十八日 AUD 澳元200,000,000 (25,611,793) (53,382,715) 截至二零二零年十二月三十一日，本基金持有以 下交易对手为 Morgan Stanley and Co Intl, London的远期外汇合约： 截至二零二零年十二月三十一日，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：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 2020 截至二零二零年十二月三十一日 (b) Futures At 31st December 2020, the Fund held futures with UBS AG, Singapore Branch as shown below: Underlying assets 相关资产 Contract size 合约数量 Notional Market value 名义值 HK$ 港元 Position 持仓 Fair Value ??值 HK$ 港元 Financial assets: 金融资产： KOSPI2 INX FUT 11/03/2021 Korea Stock Exchange KOSPI 200 Index 1,600 1,111,078,239 Long 长仓 71,269,009 MSCI CHINA FREE NET TOTAL RETU 19/03/2021 MSCI China Free Net Total Return USD Index 2,000 914,876,762 Long 长仓 18,178,901 MSCI SING IX ETS 28/01/2021 MSCI Singapore Free Index 3,100 587,987,795 Long 长仓 1,642,769 US LONG BOND(CBT) 22/03/2021 20﹣Year US Treasury Bond 6% (190) (255,145,280) Short 短仓 3,505,407 US 10YR NOTE (CBT) 22/03/2021 10﹣Year US Treasury Note 6% (200) (214,127,414) Short 短仓 – 94,596,086 Financial liabilities: 金融负值： US 10YR NOTE (CBT) 22/03/2021 10﹣Year US Treasury Note 6% (377) (403,630,175) Short 短仓 (548,100) US 2YR NOTE (CBT) 31/03/2021 2﹣Year US Treasury Note 6% (340) (582,562,499) Short 短仓 (411,923) US LONG BOND(CBT) 22/03/2021 20﹣Year US Treasury Bond 6% (121) (162,487,258) Short 短仓 (263,873) (1,223,897) (b) 期货 截至二零二零年十二月三十一日，本基金持有以 UBS AG, Singapore Branch的期货：施罗德亚洲高息股债基金 74 Collateral provider 提供抵押品对手 Nature of the collateral 抵押品的 性质 Credit rating 信贷 评级 Rating agencies 评级机构 Maturity tenor 到期日 Currency denomination 計值货币 % 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 Morgan Stanley and Co International PLC 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% 2,171,078 0.01% 2,171,078 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 2,171,078 100% Holdings of Collateral 所持有的抵押品 As at 31st December 2020 截至二零二零年十二月三十一日SP_AAISAR_FEB21 Schroder Investment Management (Hong Kong) Limited Level 33, Two Pacifc 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 |
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| 基金信息类型 | 基金中期报告 | ||||||||
| 公告来源 | 中国证券监督管理委员会 | ||||||||
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