最近访问基金
读取中... |
|---|
-.-----.---- (-.----%)--/--/-- --:--:-- | 最新净值: -.---- | 昨日净值: -.---- | 累计净值: -.---- |
|---|---|---|---|
| 涨跌幅: -.---- | 涨跌额: -.---- | 五分钟涨速: -.---- |
| 施罗德亚洲高息股债M(968013) 基金公开信息 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 流水号 | 2101347 | ||||||||
| 基金代码 | 968013 | ||||||||
| 公告日期 | 2020-11-02 | ||||||||
| 编号 | 1 | ||||||||
| 标题 | 施罗德亚洲高息股债基金年度报告及财务报告 | ||||||||
| 信息全文 | 二Schroder Investment Management (Hong Kong) Limited 零0Level 33, Two Pacifc Place, 88 Queensway, Hong Kong2J二TuTel: +852 2521 1633 Fax: +852 2530 9095零nCeO年 2施罗德投资管理（香港）有限公司_ 六R0For the year ended 30th June 2020香港金钟道88号太古广场二座33字楼2IA月0A二零二零年六月三十日止年度电话：+85225211633 传真：+85225309095A_ P S Schroder Asian Asset 施罗德亚洲高息股债基金 （施罗德伞型基金II的子基金）Income Fund (A Sub-Fund of Schroder Umbrella Fund II) Manager基金管理人 Schroder Investment Management施罗德投资管理（香港）有限公司 (Hong Kong) Limited香港金钟道88号 Level 33太古广场二座33字楼 Two Pacifc Place电话：2521 1633 88 Queensway 热线：2869 6968 Hong Kong图文传真：2530 9095 Telephone: 2521 1633网页：http://www.schroders.com.hk Hotline: 2869 6968 Fax: 2530 9095 Home Page: http://www.schroders.com.hk Trustee and Registrar受托人及注册登记机构 HSBC Institutional Trust Services (Asia) Limited汇丰机构信托服务（亚洲）有限公司 1 Queen’s Road Central香港中环皇后大道中1号 Hong Kong Registrar’s Service Provider (Note)注册登记机构之服务提供机构（附注） HSBC France, Luxembourg BranchHSBC France, Luxembourg Branch 16 Boulevard d’Avranches16 Boulevard d’Avranches L-1160, LuxembourgL-1160, Luxembourg Auditor审计师 PricewaterhouseCoopers罗兵咸永道会计师事务所 Certifed Public Accountants香港 22/F Prince’s Building中环太子大厦二十二楼 Central Hong Kong 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. 附注： 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。 施罗德亚洲高息股债基金 Schroder Asian Asset 施罗德亚洲高息股债基金 （施罗德伞型基金II的子基金）Income Fund (A Sub-Fund of Schroder Umbrella Fund II) Solicitor律师 Deacons的近律师行 5/F Alexandra House遮打道18号 Central香港中环历山大厦5楼 Hong Kong Further information额外资讯 Schroders is a Foreign Account Tax Compliance 施罗德乃合规美国《海外帐户税收合规法案》 Act (“FATCA”) compliant organisation. Please （「FATCA」）机构。其FATCA类别及其机构的美国 fnd the FATCA classifcation of this entity and 全球中介人识别码（「GIIN」）如下。 its Global Intermediary Identifcation Number (“GIIN”) below. FATCA entity classifcation: Nonreporting IGA FATCA机构类别：在跨政府协议下免申报的海外 FFI / Registered Sponsored Invesment Entity金融机构╱注册资助机构 Sponsored entity GIIN: IV2GGD.00030.SF.344资助机构的GIIN：IV2GGD.00030.SF.344 Sponsoring entity: Schroder Investment 发行机构：施罗德投资管理（香港）有限公司 Management (Hong Kong) Limited Schroder Asian Asset Income Fund 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） Reports and Financial Statements 年报及财务报表 For the year ended 30th June 2020 二零二零年六月三十日止年度 Contents 目录 Pages 页次 Manager’s report 基金管理人报告1 Manager’s certifcate 基金管理人证明书7 Trustee’s report 受托人报告8 Independent auditor’s report 独立审计师报告9 Statement of fnancial position 财务状况报表16 Statement of comprehensive income 全面收入报表18 Statement of changes in net assets attributable to unitholders 归于份额持有人净资产变动报表20 Statement of cash fows 现金流量表21 Notes to the fnancial statements 财务报表之附注23 Investment portfolio (Unaudited) 基金投资组合（未经审核）129 Investment portfolio movements (Unaudited) 投资组合变动（未经审核）147 Performance table (Unaudited) 业绩表（未经审核）171 施罗德亚洲高息股债基金 Manager’s Report基金管理人报告 Market Review市场观察 Against the backdrop of US-China trade 在中美贸易争议及环球增长隐忧压抑市场气氛形 dispute and global growth concerns weighing 势下，亚洲市场报跌，对美元强势敏感者尤甚。 on market sentiment, Asian markets fell, 美国宣布新贸易关税后，中国股市表现逊色，港 especially those most sensitive to US dollar 股在示威活动不绝下亦报跌。相反，台湾则凭借 strength. China underperformed following 科技股表现强劲支持而录得进账。固定收益方 the announcement of new US trade tariffs 面，避险心态加剧，季内政府债券孳息率显著下 while Hong Kong equities also fell amid 跌，美国十年期国库券孳息率下跌逾30基点， ongoing demonstrations. By contrast, Taiwan 季末收报1.67%。企业债券受惠于环球孳息率下 posted a positive return, underpinned by 跌，跑赢政府债券。投资级别企业债券大有进 strong performance from technology stocks. 账，较高风险的高收益债券市场亦见造好。新兴 Turning to fxed income, government bond 市场债券当中，硬货币和企业债务录得进账，当 yields declined markedly over the quarter due 地货币债券则见下挫。 to heightened risk aversion. The US 10-year Treasury yield was more than 30 bps lower, finishing the quarter at 1.67%. Corporate bonds benefted from the decline in global yields and outperformed government bonds. Investment grade corporate bonds returned strong returns, while the riskier high yield part of the market also performed well. Across emerging market bonds, hard currency and corporate debt made positive returns, while local currency bonds declined. The geopolitical risks that harried markets 二零一九年大部分时间困扰市场的地缘政治风险 for much of 2019 faded in Q4, helping equity 于第四季有所减退，有助全球各地股市录得进 markets around the world to post gains. 账。贸易阴霾随著中美宣布达成「第一阶段」贸易 Trade uncertainty faded with the US and 协议而淡化。有赖拟订贸易协议所赐，亚洲方 China’s “phase one” trade deal announcement. 面，中国、南韩及台湾均表现突出。反之，泰国 In Asia, China, South Korea and Taiwan all 却因为第三季本地生产总值(GDP)增长继续低迷 outperformed thanks to the proposed trade 而录得负回报。政府债券孳息率普遍上扬。季内 deal. By contrast, Thailand recorded a negative 美国十年期国库券孳息率升26基点，两年期孳 return as Q3 GDP growth remained subdued. 息率则见下跌，孳息曲线陡峭，反映增长预期改 Government yields were broadly higher. The US 善。季内联邦储备局减息后表示「目前货币政策 10-year yield rose 26 bps over the quarter, while 立场恰当」。企业债券造好，全年报升，高收益 the two-year yield fell, steepening the yield 债券胜于其他类别。至于其他方面，新兴市场表 curve to refect improved growth expectations. 现不俗，当地货币债券尤甚。 The Federal Reserve cut rates once in the quarter before indicating that “the current stance of monetary policy is appropriate”. Corporate bonds performed well to cap a strong year, with high yield outperforming. Elsewhere, emerging market debt performed well, especially local currency bonds. 1Schroder Asian Asset Income Fund Manager’s Report基金管理人报告 Market Review (Continued)市场观察（续） Going into the New Year, the spread of the 踏入二零二零年，新冠肺炎冠状病毒蔓延对首季 Covid-19 coronavirus profoundly affected 全球市场构成深远影响，股市纷纷急挫。亚洲股 global markets in the frst quarter as equities 市下跌，美元走强及原油价格重挫令回报进一步 suffered steep declines. Asian equities fell, 受打击。东南亚市场尤其疲软，全线跑输。另一 with a stronger US dollar and sell-off in crude 方面，中国及香港在各市场中鹤立鸡群；中国内 oil prices further compounding returns. 地新冠肺炎活跃个案数目似乎已在二月份见顶， ASEAN markets were particularly weak and 而香港方面疫情看来相对受控。一如大部分其他 all underperformed. On the other hand, 金融资产，政府债券孳息率显著波动。避险心态 China and Hong Kong were the only markets 一度升温，避险工具需求甚殷，将孳息率推至极 to outperform; the number of active cases 低水平。美国十年期孳息率由1.15%降至 of Covid-19 in mainland China appeared to 0.63%，期间一度跌穿0.5%。企业债券及新兴市 peak in February, while the spread of the 场债务被大举抛售，较高风险的高收益信贷更是 virus appeared to be relatively contained in 首当其冲。 Hong Kong. Government bond yields, like most other fnancial assets, saw signifcant levels of volatility. In the initial heightening of risk aversion, demand for safe havens pushed yields to extreme lows. The 10-year US Treasury yield dropped from 1.15% to 0.63%, at one point falling below 0.5%. Corporates bonds and emerging market debt sold-off sharply, with the riskier parts in high yield credit in particular. Finally, in Q2 2020, the easing of Covid-19 最后，新冠肺炎封城措施放宽，经济初步呈现复 lockdowns and early signs of economic 甦迹象，都刺激二零二零年第二季冒险意欲迅速 recovery saw risk appetites return rapidly. 回升。亚洲股市受到刺激措施鼓舞，印尼、泰国 Asian equities were buoyed by stimulus, while 及台湾等出口国市场则在环球需求复甦憧憬下超 the exporter markets of Indonesia, Thailand 越同侪。相反，二零二零年首季表现令其他市场 and Taiwan outperformed on hopes of a 瞠乎其后的中国则稍逊一筹为落后。美国十年期 recovery in global demand. By contrast, China 孳息率无甚变动。企业债券胜于政府债券，高收 slightly underperformed, following strong 益表现尤佳。新兴市场债券亦见反弹。硬货币政 outperformance in Q1 2020. The US 10-year 府债券及半主权债券表现最强，但新兴市场企业 yield was little changed. Corporate bonds 债券和当地货币债券亦见上升。 outpaced government bonds while high yield performed particularly well. Emerging market (EM) bonds also rebounded. Hard currency government and quasi-sovereign bonds were strongest, but EM corporate bonds and local currency bonds also rose. 施罗德亚洲高息股债基金2 Manager’s Report基金管理人报告 Outlook展望 With major regions gradually easing lockdown 随著主要地区逐步放松封城限制和重启经济，气 restrictions and re-opening their economies, 氛已较前乐观，第二季环球市场以强势收市，未 sentiment has turned more positive as global 受美国感染数字隐忧影响。这一点以外，形势依 markets ended Q2 on a strong note despite 然不明朗。我们认为纵使病毒或已受控，第二波 concerns surrounding rising infections in the 感染风险或会再度压抑经济活动。与此同时，市 US. Beyond this point, uncertainty abounds. 场仍对重大地缘政治消息和中美关系再呈紧张表 Our view is that while the virus may be 现敏感。 contained, risks of a second wave of infection could once again weigh on economic activities. At the same time, markets remain sensitive to geopolitical headlines and resurgent US-China tensions. From an asset allocation standpoint, while 从资产配置立场出发，尽管我们仍对企业信贷有 our conviction in corporate credit remains 信心，而盈利风险仍然存在，市场亦已大体上消 and earnings risk still exists, markets have 化病毒的负面冲击。因此，我们打算逐步将资金 also priced in the negative virus impact 重投股票，以进一步改进基金组合捕捉增长的能 quite substantially. Therefore, we will look to 力。 gradually shift back into equities to further improve the growth capture of the portfolio. The acceleration of trends such as digitalization, 数位化、去全球化和通缩（新「3Ds」）等趋势加 de-globalization and defation (the new 3Ds) 速，意味著在新冠肺炎后世界里，要为收益而投 means that investing for income in a post 资，必须与时俱进，以适应这个新环境。股票方 Covid-19 world has to evolve to adapt to 面，在源自虚拟经济和科技方面的增长机会与提 this new environment. For equities, tuning 供平稳收入的公用事业和电讯等机构两者当中调 the right mix between growth opportunities 节适当的配搭，以及管理来自面对结构性利淡因 from virtual economy and technology, and 素的行业（例如银行）的风险，将会是本基金股票 the stable income providers such as utilities 策略的重中之重。 and telecoms, as well as managing the risks from the sectors facing structural headwinds like banks, is going to be the key focus of our equity strategy. 3Schroder Asian Asset Income Fund Manager’s Report基金管理人报告 Outlook (Continued)展望（续） The same trends mentioned above are going 上述的相同趋势将会影响我们如何管理固定收益 to impact how we manage the fxed income 组合，但新增的「D」就有必要思量 — 就是「违 portfolio, but an additional “D” will need to be 约」。一方面，政府债券孳息率持续低企（兼向 considered – and that is defaults. On one hand, 下）意味著投资者正被迫为了追求收益而进一步 the stubbornly low (and falling) government 承担风险；另一方面，违约风险不断上升所带来 bond yields means that investors are being 的考验，暗示须对信贷投资采取更审慎的方针。 pushed further out the risk curve to search 因此，要评估信贷风险溢价，现在采取选择性和 for income; on the other hand, the challenge 多元化的方针就更为重要。 from increasing default risks points to a more cautious approach to credit investing. As such, selection and diversifed approach now becomes even more important for accessing the credit risk premium. Previous valuation opportunities in some 市场上某些被忽略的地区（例如澳大利亚和中东） neglected areas of the markets, such as 之前出现的估值机会已大部分消失。我们应会重 Australia and Middle-east, have largely 投主流地区，并预期新发行信贷会有更多机会。 disappeared. We are likely to move back to 我们将继续参与某些具吸引力的交易。部分当地 the main-stream areas, and expect further 货币债券市场亦提供机会，因为亚洲多国央行的 opportunities in new issuances. We will 货币政策料将保持极端宽松。 continue to take part in selective attractive deals. Some local currency bond markets also present opportunities, as central banks in Asia are expected to remain extremely accommodative in their monetary policies. All in all, we remain nimble and cognisant 整体而言，我们保持灵活，而且时刻关注围绕地 of ongoing developments surrounding 缘政治消息和新冠肺炎的事态发展，并观望更多 geopolitical headlines and Covid-19 as we 经济数据，在呈现周期性复甦迹象时承担更多风 await for further economic data to take more 险，又或在疫症进一步爆发时将风险降低。 risk should there are signs of cyclical recovery or de-risk in the case of further outbreaks. 施罗德亚洲高息股债基金4 Manager’s Report 基金管理人报告 As at 30th June 2020, the Fund size was 截至二零二零年六月三十日，基金总值 HK$29,377,442,901, represent by units as 29,377,442,901港元，发行份额如下： below: Class A UnitsA 类别 份额 HKD Accumulation Units 1,635,078.71港元累积份额 1,635,078.71 HKD Distribution Units 87,407,766.67港元收息份额 87,407,766.67 USD Accumulation Units 8,711,106.87美元累积份额 8,711,106.87 USD Distribution Units 140,638,049.94美元收息份额 140,638,049.94 AUD Hedged Distribution Units 64,635,380.73澳元对冲收息份额 64,635,380.73 RMB Hedged Distribution Units 39,432,221.46人民币对冲收息份额 39,432,221.46 GBP Hedged Accumulation Units 111,488.61英镑对冲累积份额 111,488.61 GBP Hedged Distribution Units 793,971.76英镑对冲收息份额 793,971.76 Class C C 类别 HKD Accumulation Units 241,771.53港元累积份额 241,771.53 HKD Distribution Units 560,525.85港元收息份额 560,525.85 USD Accumulation Units 9,627,267.89美元累积份额 9,627,267.89 USD Distribution Units 1,348,450.11美元收息份额 1,348,450.11 AUD Hedged Distribution Units 222,459.59澳元对冲收息份额 222,459.59 Class I I类别 USD Accumulation Units 1,320,034.13美元累积份额 1,320,034.13 USD Distribution Units 2,771,963.55美元收息份额 2,771,963.55 Class M M类别 RMB Hedged Accumulation Units 11,010,553.35人民币对冲累积份额 11,010,553.35 Class XX类别 HKD Accumulation Units 67.62港元累积份额 67.62 HKD Distribution Units 5,264.40港元收息份额 5,264.40 USD Accumulation Units 68.14美元累积份额 68.14 USD Distribution Units 80,711.22美元收息份额 80,711.22 5Schroder Asian Asset Income Fund Manager’s Report 基金管理人报告 The prices of the units were:基金份额价格如下： NET ASSET VALUE PER UNIT每份额净资产 Class A A类别 HKD Accumulation Units HK$146.6570港元累积份额 146.6570港元 HKD Distribution Units HK$92.5558港元收息份额 92.5558港元 USD Accumulation Units US$14.7348美元累积份额 14.7348美元 USD Distribution Units US$9.2998美元收息份额 9.2998美元 AUD Hedged Distribution Units AU$8.5850澳元对冲收息份额 8.5850澳元 RMB Hedged Distribution Units RMB87.5294人民币对冲收息份额 87.5294人民币 GBP Hedged Accumulation Units GBP10.1036英镑对冲累积份额 10.1036英镑 GBP Hedged Distribution Units GBP8.8607英镑对冲收息份额 8.8607英镑 Class C C类别 HKD Accumulation Units HK$156.4946港元累积份额 156.4946港元 HKD Distribution Units HK$98.7982港元收息份额 98.7982港元 USD Accumulation Units US$14.0621美元累积份额 14.0621美元 USD Distribution Units US$9.5652美元收息份额 9.5652美元 AUD Hedged Distribution Units AU$8.8385澳元对冲收息份额 8.8385澳元 Class I I类别 USD Accumulation Units US$14.5809美元累积份额 14.5809美元 USD Distribution Units US$11.6165美元收息份额 11.6165美元 Class M M类别 RMB Hedged Accumulation Units RMB118.4884人民币对冲累积份额 118.4884人民币 Class X X类别 HKD Accumulation Units HK$146.3287港元累积份额 146.3287港元 HKD Distribution Units HK$138.9591港元收息份额 138.9591港元 USD Accumulation Units US$14.6900美元累积份额 14.6900美元 USD Distribution Units US$13.9618美元收息份额 13.9618美元 Schroder Investment Management施罗德投资管理（香港）有限公司 (Hong Kong) Limited二零二零年十月十九日 19th October 2020 施罗德亚洲高息股债基金6 Manager’s Certifcate基金管理人证明书 We, as Manager of the Schroder Asian Asset 本公司为施罗德亚洲高息股债基金（「基金」）（施 Income Fund (the “Fund”), a sub-fund of 罗德伞型基金II之子基金）基金管理人，谨证明 Schroder Umbrella Fund II, hereby certify to 由二零一九年七月一日至二零二零年六月三十日 the best of our knowledge and belief that 止年度间本基金管理人以及任何代表基金管理人 during the year from 1st July 2019 to 30th June 或其允许之人士均无： 2020, we have not, nor has any other person acting on our behalf: (a) transferred units to another person for sale, (a) 转让份额予其他人士作出售、转售或取消， resale, cancellation or subsequent transfer 或其后转让予本基金管理人作出售、转售或 to us for sale, resale or cancellation;取消； (b) acquired or disposed of investments for (b) 在认可之证券交易市场以外买卖本基金之投 account of the Fund other than through a 资； recognised securities market; (c) disposed of units to another person for a (c) 以低于当时发行价之价格出售份额； price lower than the current issue price at the time of disposal; (d) acquired units for a price higher than the (d) 以高于当时赎回价之价格购入份额。 current realisation price at the time of such acquisition. For and on behalf of代表 Schroder Investment Management施罗德投资管理（香港）有限公司 (Hong Kong) Limited二零二零年十月十九日 19th October 2020 7Schroder Asian Asset Income Fund Trustee’s Report受托人报告 We hereby confirm that, in our opinion, 本受托人谨确认基金管理人截至二零二零年六月 the Manager has, in all material respects, 三十日止年度间在各个重要方面均依照二零一零 managed the Schroder Asian Asset Income 年十月八日所订立之信托契约（经修订）之条款管 Fund, a sub-fund of Schroder Umbrella Fund II, 理施罗德亚洲高息股债基金（施罗德伞型基金II in accordance with the provisions of the Trust 之子基金）。 Deed dated 8th October 2010, as amended (the “Trust Deed”), for the year ended 30th June 2020. HSBC Institutional Trust Services 汇丰机构信托服务（亚洲）有限公司 (Asia) Limited二零二零年十月十九日 19th October 2020 施罗德亚洲高息股债基金8 Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) Report on the Audit of the Financial 就财务报表审计作出的报告 Statements Opinion意见 What we have audited我们已审计的内容 The fnancial statements of Schroder Asian 施罗德亚洲高息股债基金（施罗德伞型基金II之 Asset Income Fund (the “Fund”), a sub-fund of 子基金）（以下简称「基金」）列载于第十六至 Schroder Umbrella Fund II, set out on pages 一百二十八页的财务报表，包括： 16 to 128, which comprise: – the statement of fnancial position as at － 于二零二零年六月三十日的财务状况报表； 30th June 2020; – the statement of comprehensive income － 截至该日止年度的全面收入报表； for the year then ended; – the statement of changes in net assets － 截至该日止年度的归于份额持有人应占净资 attributable to unitholders for the year 产变动报表； then ended; – the statement of cash fows for the year － 截至该日止年度的现金流量表；及 then ended; and – the notes to the financial statements, － 财务报表附注，包括主要会计政策概要。 which include a summary of significant accounting policies. Our opinion我们的意见 In our opinion, the fnancial statements give 我们认为，该等财务报表已根据香港会计师公会 a true and fair view of the fnancial position 颁布的《香港财务报告准则》真实而中肯地反映了 of the Fund as at 30th June 2020, and of its 基金于二零二零年六月三十日的财务状况及其截 fnancial transactions and cash fows for the 至该日止年度的财务表现及现金流量。 year then ended in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certifed Public Accountants (“HKICPA”). 9Schroder Asian Asset Income Fund Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人（续）Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) (Continued) Basis for Opinion 意见的基础 We conducted our audit in accordance with 我们已根据香港会计师公会颁布的《香港审计准 Hong Kong Standards on Auditing (“HKSAs”) 则》进行审计。我们在该等准则下承担的责任已 issued by the HKICPA. Our responsibilities 在本报告「审计师就审计财务报表承担的责任」部 under those standards are further described 分中作进一步阐述。 in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We believe that the audit evidence we have 我们相信，我们所获得的审计凭证能充足及适当 obtained is sufficient and appropriate to 地为我们的审计意见提供基础。 provide a basis for our opinion. Independence独立性 We are independent of the Fund in accordance 根据香港会计师公会颁布的《专业会计师道德守 with the HKICPA’s Code of Ethics for 则》（以下简称「守则」），我们独立于基金，并已 Professional Accountants (the “Code”), and we 履行守则中的其他专业道德责任。 have fulflled our other ethical responsibilities in accordance with the Code. Other Information其他信息 The Trustee and the Manager (together the 基金的受托人及经理（合称为「管理层」）须对其 “Management”) of the Fund are responsible for 他信息负责。其他信息包括年报内的所有信息， the other information. The other information 但不包括财务报表及我们的审计师报告。 comprises all of the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the fnancial statements does 我们对财务报表的意见并不涵盖其他信息，我们 not cover the other information and we do 亦不对该等其他信息发表任何形式的鉴证结论。 not express any form of assurance conclusion thereon. 施罗德亚洲高息股债基金10 Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人（续）Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) (Continued) Other Information (Continued)其他信息（续） In connection with our audit of the fnancial 结合我们对财务报表的审计，我们的责任是阅读 statements, our responsibility is to read the 其他信息，在此过程中，考虑其他信息是否与财 other information and, in doing so, consider 务报表或我们在审计过程中所了解的情况存在重 whether the other information is materially 大抵触或者似乎存在重大错误陈述的情况。 inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we 基于我们已执行的工作，如果我们认为其他信息 conclude that there is a material misstatement 存在重大错误陈述，我们需要报告该事实。在这 of this other information, we are required to 方面，我们没有任何报告。 report that fact. We have nothing to report in this regard. Responsibilities of Management for the 管理层就财务报表须承担的责任 Financial Statements The Management of the Fund is responsible 基金的管理层须负责根据香港会计师公会颁布的 for the preparation of the fnancial statements 《香港财务报告准则》拟备真实而中肯的财务报 that give a true and fair view in accordance 表，并对其认为为使财务报表的拟备不存在由于 with HKFRSs issued by the HKICPA, and for 欺诈或错误而导致的重大错误陈述所需的内部控 such internal control as the Management 制负责。 determines is necessary to enable the preparation of fnancial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the 在拟备财务报表时，基金的管理层负责评估基金 Management of the Fund is responsible for 持续经营的能力，并在适用情况下披露与持续经 assessing the Fund’s ability to continue as 营有关的事项，以及使用持续经营为会计基础， a going concern, disclosing, as applicable, 除非管理层有意将基金清盘或停止经营，或别无 matters related to going concern and using 其他实际的替代方案。 the going concern basis of accounting unless the Management either intends to liquidate the Fund or to cease operations, or have no realistic alternative but to do so. 11Schroder Asian Asset Income Fund Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人（续）Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) (Continued) Responsibilities of Management for the 管理层就财务报表须承担的责任（续） Financial Statements (Continued) In addition, the Management of the Fund 此外，基金的管理层须确保财务报表已根据二零 is required to ensure that the financial 一零年十月八日订立的信托契约（经修订）（「信托 statements have been properly prepared 契约」）的相关披露条文，以及香港证券及期货事 in accordance with the relevant disclosure 务监察委员会颁布的《单位信托及互惠基金守则》 provisions of the Trust Deed dated 8th October （简称「证监会守则」）附录E的相关披露条文而妥 2010, as amended (the “Trust Deed”) and 为编制。 Appendix E of the Code on Unit Trusts and Mutual Funds issued by the Hong Kong Securities and Futures Commission (the “SFC Code”). Auditor’s Responsibilities for the Audit of 审计师就审计财务报表承担的责任 the Financial Statements Our objectives are to obtain reasonable 我们的目标，是对财务报表整体是否不存在由于 assurance about whether the financial 欺诈或错误而导致的重大错误陈述取得合理保 statements as a whole are free from material 证，并出具包括我们意见的审计师报告。我们仅 misstatement, whether due to fraud or error, 向阁下（作为整体）报告我们的意见，除此之外本 and to issue an auditor’s report that includes 报告别无其他目的。我们不会就本报告的内容向 our opinion. We report our opinion solely to 任何其他人士负上或承担任何责任。合理保证是 you, as a body, and for no other purpose. We 高水平的保证，但不能保证按照《香港审计准则》 do not assume responsibility towards or accept 进行的审计，在某一重大错误陈述存在时总能发 liability to any other person for the contents 现。错误陈述可以由欺诈或错误引起，如果合理 of this report. Reasonable assurance is a high 预期它们单独或汇总起来可能影响财务报表使用 level of assurance, but is not a guarantee that 者依赖财务报表所作出的经济决定，则有关的错 an audit conducted in accordance with HKSAs 误陈述可被视作重大。此外，我们需要评估基金 will always detect a material misstatement 的财务报表是否已根据信托契约的相关披露条文 when it exists. Misstatements can arise from 及证监会守则附录E的有关披露规定适当地拟备。 fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. In addition, we are required to assess whether the fnancial statements of the Fund have been properly prepared, in all material respects, in accordance with the relevant disclosure provisions of the Trust Deed and Appendix E of the SFC Code. 施罗德亚洲高息股债基金12 Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人（续）Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) (Continued) Auditor’s Responsibilities for the Audit of 审计师就审计财务报表承担的责任（续） the Financial Statements (Continued) As part of an audit in accordance with HKSAs, 在根据《香港审计准则》进行审计的过程中，我们 we exercise professional judgment and 运用了专业判断，保持了专业怀疑态度。我们 maintain professional scepticism throughout 亦： the audit. We also: – Identify and assess the risks of material － 识别和评估由于欺诈或错误而导致财务报表 misstatement of the fnancial statements, 存在重大错误陈述的风险，设计及执行审计 whether due to fraud or error, design and 程序以应对这些风险，以及获取充足和适当 perform audit procedures responsive to 的审计凭证，作为我们意见的基础。由于欺 those risks, and obtain audit evidence 诈可能涉及串谋、伪造、蓄意遗漏、虚假陈 that is sufficient and appropriate to 述，或凌驾于内部控制之上，因此未能发现 provide a basis for our opinion. The risk 因欺诈而导致的重大错误陈述的风险高于未 of not detecting a material misstatement 能发现因错误而导致的重大错误陈述的风 resulting from fraud is higher than for one 险。 resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal － 了解与审计相关的内部控制，以设计适当的 control relevant to the audit in order 审计程序，但目的并非对基金内部控制的有 to design audit procedures that are 效性发表意见。 appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control. – Evaluate the appropriateness of accounting － 评价管理层所采用会计政策的恰当性及作出 policies used and the reasonableness 会计估计和相关披露的合理性。 of accounting estimates and related disclosures made by the Management. 13Schroder Asian Asset Income Fund Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人（续）Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) (Continued) Auditor’s Responsibilities for the Audit of 审计师就审计财务报表承担的责任（续） the Financial Statements (Continued) – Conclude on the appropriateness of － 对管理层采用持续经营会计基础的恰当性作 the Management’s use of the going 出结论。根据所获取的审计凭证，确定是否 concern basis of accounting and, based 存在与事项或情况有关的重大不确定性，从 on the audit evidence obtained, whether 而可能导致对基金的持续经营能力产生重大 a material uncertainty exists related 疑虑。如果我们认为存在重大不确定性，则 to events or conditions that may cast 有必要在审计师报告中提请使用者注意财务 significant doubt on the Fund’s ability 报表中的相关披露。假若有关的披露不足， to continue as a going concern. If we 则我们应当发表非无保留意见。我们的结论 conclude that a material uncertainty exists, 是基于审计师报告日止所取得的审计凭证。 we are required to draw attention in our 然而，未来事项或情况可能导致基金不能持 auditor’s report to the related disclosures 续经营。 in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Fund to cease to continue as a going concern. – Evaluate the overall presentation, structure － 评价财务报表的整体列报方式、结构和内 and content of the fnancial statements, 容，包括披露，以及财务报表是否中肯反映 including the disclosures, and whether 交易和事项。 the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with the Management 除其他事项外，我们与管理层沟通了计划的审计 regarding, among other matters, the planned 范围、时间安排、重大审计发现等，包括我们在 scope and timing of the audit and signifcant 审计中识别出内部控制的任何重大缺陷。 audit findings, including any significant defciencies in internal control that we identify during our audit. 施罗德亚洲高息股债基金14 Independent Auditor’s 独立审计师报告 致施罗德亚洲高息股债基金Report （施罗德伞型基金II之子基金）To the Unitholders of 份额持有人（续）Schroder Asian Asset Income Fund (a sub-fund of Schroder Umbrella Fund II) (Continued) Report on Matters under the Relevant 就信托契约的相关披露条文及证监会守则附录E Disclosure Provisions of the Trust Deed and的有关披露规定之事项作出的报告 Appendix E of the SFC Code In our opinion, the financial statements 我们认为，该等财务报表在各重大方面已根据信 have been properly prepared, in all material 托契约的相关披露条文及证监会守则附录E的有 respects, in accordance with the relevant 关披露规定适当地拟备。 disclosure provisions of the Trust Deed and Appendix E of the SFC Code. PricewaterhouseCoopers罗兵咸永道会计师事务所 Certifed Public Accountants执业会计师 19th October 2020二零二零年十月十九日 15Schroder Asian Asset Income Fund Statement of Financial Position 财务状况报表 As at 30th June 2020 截至二零二零年六月三十日 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 ASSETS 资产 Current assets 流动资产 Investments 投资3(b)28,148,087,81932,340,050,691 Derivative fnancial instruments 衍生金融工具3(b), 555,705,429118,836,018 Amounts receivable on disposal of investments 应收出售投资款项141,559,03997,355,718 Amounts receivable on subscription of units 应收认购份额款项58,070,949224,743,009 Dividends receivable 应收股息49,851,38591,614,986 Interest receivable on debt securities 应收债务证券利息144,762,179149,255,551 Interest receivable on bank deposits 应收存款利息3346,924 Other receivables and prepayments 其他应收款项及预付款项244,573146,668 Margin deposits 保证金6114,669,71273,557,405 Cash collateral 现金抵押品8,990,522– Cash and bank deposits 现金及银行存款91,164,773,292796,376,559 Total assets 资产总值29,886,714,93233,891,983,529 施罗德亚洲高息股债基金16 Statement of Financial Position (Continued) 财务状况报表（续） As at 30th June 2020 截至二零二零年六月三十日 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 LIABILITIES 负债 Current liabilities 流动负债 Derivative fnancial instruments 衍生金融工具3(b), 546,143,13743,052,681 Amounts payable on purchase of investments 应付认购投资款项192,313,62681,383,070 Amounts payable on redemption of units 应付赎回份额款项122,887,353258,317,306 Distributions payable 应付股息105,111,413120,902,325 Cash collateral liabilities 现金抵押品负债6,122,855– Other payables 其他应付款项36,693,64740,652,367 Liabilities (excluding net assets attributable to unitholders) 负债值（除归于份额持有人净资产）509,272,031544,307,749 Net assets attributable to unitholders 归于份额持有人净资产1129,377,442,90133,347,675,780 For and on behalf of 代表 For and on behalf of 代表 Schroder Investment Management HSBC Institutional Trust Services (Asia) Limited (Hong Kong) Limited 汇丰机构信托服务（亚洲）有限公司 施罗德投资管理（香港）有限公司 The notes on pages 23 to 128 are an integral part of these fnancial statements. 第二十三至一百二十八页之附注乃属本财务报表之一部份。 17Schroder Asian Asset Income Fund Statement of Comprehensive Income 全面收入报表 For the year ended 30th June 2020 二零二零年六月三十日止年度 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 INCOME 收入 Dividends 股息741,399,517979,058,087 Interest on bank deposits 存款利息9(i)5,932,1508,510,100 Interest on debt securities 债务证券利息584,967,727580,587,843 Net realised losses on investments and derivative fnancial instruments 投资及衍生金融工具的已变现净亏损(811,413,877)(598,003,548) 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(3,539,237,535)2,164,170,509 Net exchange (losses)/gains 汇兑净（亏损）╱收益(23,334,813)162,825 Other income 其他收入2,495,044906,573 Total net (loss)/income 总净（亏损）╱收入(3,039,191,787)3,135,392,389 EXPENSES 支出 Management fee 管理费用7391,223,068406,311,099 Trustee fee 受托人费用722,626,92923,521,235 Safe custody and bank charges 代管费用及银行费用6,776,9168,057,765 Auditor’s remuneration 审计师酬金147,983246,421 Legal and other professional fees 法律及专业费用448,978945,300 Interest expense 利息支出9,895– Other operating expenses 其他经营费用65,409,25368,447,805 Total operating expenses 总经营费用486,643,022507,529,625 施罗德亚洲高息股债基金18 Statement of Comprehensive Income (Continued) 全面收入报表（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 Operating (loss)/proft 营运（亏损）╱盈利(3,525,834,809)2,627,862,764 Finance cost 财务成本 Distributions to unitholders 股息分派给份额持有人8(1,328,225,403)(1,534,847,873) ────────────────────── (Loss)/proft after distribution and before tax 派发股息后及预扣税项前之（亏损）╱盈利(4,854,060,212)1,093,014,891 Withholding tax 预扣税项(52,449,897)(71,328,000) Capital gain tax 资产增值预扣税(2,461,485)(133,081) (Decrease)/increase in net assets attributable to unitholders 归于份额持有人净资产之（减少）╱增加(4,908,971,594)1,021,553,810 The notes on pages 23 to 128 are an integral part of these fnancial statements. 第二十三至一百二十八页之附注乃属本财务报表之一部份。 19Schroder Asian Asset Income Fund Statement of Changes in Net Assets Attributable to Unitholders 归于份额持有人净资产变动报表 For the year ended 30th June 2020 二零二零年六月三十日止年度 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 Balance at the beginning of the year 年初总值33,347,675,78039,323,917,498 Proceeds from subscription of units 认购收入1116,715,871,35614,456,856,940 Payments on redemption of units 赎回支出11(15,777,132,641)(21,454,652,468) 938,738,715(6,997,795,528) (Decrease)/increase in net assets attributable to unitholders 归于份额持有人净资产之（减少）╱增加(4,908,971,594)1,021,553,810 Balance at the end of the year 年终总值29,377,442,90133,347,675,780 The notes on pages 23 to 128 are an integral part of these fnancial statements. 第二十三至一百二十八页之附注乃属本财务报表之一部份。 施罗德亚洲高息股债基金20 Statement of Cash Flows 现金流量表 For the year ended 30th June 2020 二零二零年六月三十日止年度 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 Cash ?ows from operating activities 经营业务之现金流量 (Decrease)/increase in net assets attributable to unitholders 归于份额持有人净资产之（减少）╱增加(4,908,971,594)1,021,553,810 Adjustments for 调整： – Dividends 股息(741,399,517)(979,058,087) – Interest on bank deposits 存款利息(5,932,150)(8,510,100) – Interest on debt securities 债务证券利息(584,967,727)(580,587,843) – Capital gain tax 资产增值扣税2,461,485133,081 – Withholding tax 预扣税项52,449,89771,328,000 – Other income 其他收入(2,495,044)(906,573) – Distributions to unitholders 股息分派给份额持有人1,328,225,4031,534,847,873 – Net exchange losses/(gains) 汇兑净亏损╱（收益）23,334,813(162,825) Operating (loss)/proft before working capital changes 营运资本转变前之经营（亏损）╱盈利(4,837,294,434)1,058,637,336 Net decrease in investments and derivative fnancial instruments 投资及衍生金融工具之减少净额4,258,183,9175,058,684,540 Net decrease in margin deposits – restricted 受限制保证金之减少净额1,747,885135,195,676 (Increase)/decrease in cash collateral 现金抵押品之（增加）╱减少(8,990,522)9,414,540 Increase in cash collateral liabilities 现金抵押品负债之增加6,122,855– Increase/(decrease) in amounts payable on purchase of investments 应付认购投资款项之增加╱（减少）110,930,556(8,401,898) Decrease in other payables 其他应付款项之减少(3,958,720)(54,133,978) (Increase)/decrease in amounts receivable on disposal of investments 应收出售投资款项之（增加）╱减少(44,203,321)753,207,514 Increase in other receivables and prepayments 其他应收款项及预付款项之增加(97,905)(105,962) Cash (used in)/generated from operations 经营所（运用）╱产生之现金(517,559,689)6,952,497,768 21Schroder Asian Asset Income Fund Statement of Cash Flows (Continued) 现金流量表（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 20202019 HK$HK$ Note二零二零年二零一九年 附注港元港元 Dividends received 已收股息730,715,741937,205,060 Taxation paid 已付税项(2,461,485)(133,081) Interest on bank deposits received 已收存款利息5,976,5218,474,415 Interest on debt securities received 已收债务证券利息589,461,099599,129,596 Other income 其他收入2,495,044906,573 Net cash generated from operating activities 经营业务所产生之现金净额808,627,2318,498,080,331 Cash ?ows from fnancing activities 融资活动之现金流量 Distributions paid to unitholders 分配给份额持有人之股息(1,344,016,315)(1,560,510,141) Proceeds from subscription of units 认购份额所得款项16,882,543,41614,414,537,712 Payments on redemption of units 赎回份额支付款项(15,912,562,594)(21,509,919,774) Net cash used in fnancing activities 融资活动所运用之现金净额(374,035,493)(8,655,892,203) Net increase/(decrease) in cash and cash equivalents 现金及现金等值之净增加╱（减少）434,591,738(157,811,872) Cash and cash equivalents at the beginning of the year 年初现金及现金等值839,346,655996,995,702 Net exchange (losses)/gains 汇兑净（亏损）╱收益(23,334,813)162,825 Cash and cash equivalents at the end of the year 年终现金及现金等值1,250,603,580839,346,655 Analysis of balances of cash and cash equivalents: 现金及现金等值余额分析： Cash and bank deposits 现金及银行存款91,164,773,292796,376,559 Margin deposits – unrestricted 保证金－不受限制685,830,28842,970,096 1,250,603,580839,346,655 The notes on pages 23 to 128 are an integral part of these fnancial statements. 第二十三至一百二十八页之附注乃属本财务报表之一部份。 施罗德亚洲高息股债基金22 Notes to the Financial 财务报表之附注 Statements 1. GENERAL INFORMATION1. 一般资料 Schroder Asian Asset Income Fund (the 施罗德基金亚洲高息股债基金（「基金」）为施 “Fund”) is a sub-fund of Schroder Umbrella 罗德伞型基金II之子基金。施罗德伞型基金 Fund II. Schroder Umbrella Fund II is an II是根据一份由施罗德投资管理（香港）有限 umbrella unit trust which is governed by 公司作为基金管理人（「基金管理人」）和汇丰 its trust deed dated 8th October 2010, 机构信托服务（亚洲）有限公司作为受托人 as amended (the “Trust Deed”), between （「受托人」）签署，日期为二零一零年十月八 Schroder Investment Management (Hong 日的信托契约（经修订）成立的伞型单位信托 Kong) Limited (the “Manager”) and HSBC 基金。本基金并已获香港证券及期货事务监 Institutional Trust Services (Asia) Limited 察委员会根据香港证券及期货条例第104(1) (the “Trustee”). The Fund is authorised by 条核准，并受香港证券及期货事务监察委员 the Securities and Futures Commission of 会设立之单位信托及互惠基金守则规范。本 Hong Kong (“SFC”) under Section 104(1) 基金已根据中国证券监督管理委员会公告 of the Hong Kong Securities and Futures 〔2015〕12号《香港互认基金管理暂行规 Ordinance and is required to comply with 定》，于二零一七年五月二十四日经中国证 the Code on Unit Trusts and Mutual Funds 监会证监许可获准在中国内地公开销售。 established by the Securities and Futures Commission of Hong Kong. The Fund was approved for sales in Mainland China under Mutual Recognition of Funds (“MRF”) scheme on 24th May 2017, by the China Securities Regulatory Commission. The Fund’s objective is to provide income 本基金的目标是主要透过投资于亚洲股票和 and capital growth over the medium to 亚洲定息证券，以提供中期至长期的收益及 longer term by investing primarily in Asian 资本增值。 equities and Asian fxed income securities. 23Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 1. GENERAL INFORMATION (Continued)1. 一般资料（续） The Fund will seek to achieve the investment 本基金主要（即至少其净资产的70%）透过投 objective primarily (i.e. at least 70% of its 资于一篮子提供持续派发股息的亚洲公司的 net asset value) through investment in 股本和股本相关证券，包括房地产投资基金 a portfolio of equity and equity related （「REITs」）和债券，以及由亚洲各地政府、 securities of Asian companies which offer 政府机构、跨国家机构及公司发行的债券和 sustainable dividend payments, including 其他定息或浮息证券（该等证券在购入时或 real estate investment trusts (“REITs”), 购入后可能是具有投资级别或投资级别以下 and bonds, and other fixed or floating 的证券），以达致投资目标。本基金可将少 rate securities of investment grade or 于其净资产的50%投资于评级低于投资级别 below investment grade (at the time of （即任何国际认可信贷评级机构，如标准普 or subsequent to acquisition), issued by 尔、穆迪或惠誉评为BBB（-或相等级别）以 governments, government agencies, supra-下级别，或由任何中国国内信贷评级机构评 national and companies in Asia. The Fund 为BB+或以下级别；当各信贷评级机构的评 may invest below 50% of its net asset value 级有别，本基金将采用当中最低的级别）或 in bonds and debt securities which are 未获评级的债券和债务证券。为此，如有关 below investment grade (i.e. rated below 证券本身没有信贷评级，可参考该证券发行 BBB- or equivalent by any internationally 商的信贷评级。如证券和其发行商均没有评 recognised credit rating agency, such as 级，则证券将被分类为未获评级的证券。本 Standard & Poor’s, Moody’s or Fitch, or 基金可将其净资产最多20%投资于具亏损吸 rated BB+ or below by any mainland China 收特性的债务工具，例如：或有可转换债 domestic credit rating agency; whenever 券、额外一级及二级资本票据、一级及二级 different ratings are assigned by different 资本票据、资本抵押债券和总亏损吸收能力 credit rating agencies, the lowest credit 债券。如基金管理人认为合适，本基金可将 ratings assigned to the security will be 不超过20%的净资产透过交易所交易基金 adopted by the Fund) or unrated. For this （「ETFs」）及╱或类似的工具，间接投资于其 purpose, if the relevant security does not 他种类的资产，包括但不限于非亚洲证券、 itself have a credit rating, then reference 商品（包括能源、金属和农产品）。 can be made to the credit rating of the issuer of the security. If both the security and the relevant issuer are not rated, then the security will be classifed as unrated. The Fund may invest up to 20% of its net asset value in debt instruments with loss- absorption features such as contingent convertible bonds, Additional Tier 1 and Tier 2 capital notes, Tier 1 and Tier 2 capital notes, capital security bonds and total loss-absorbing capacity bonds. The Fund may, if the Manager considers fit, seek exposure of not more than 20% of its net asset value to other asset classes including but not limited to non-Asian securities, commodities (including energy, metals and agricultural commodities) indirectly through exchange traded funds (“ETFs”) and/or similar instruments. 施罗德亚洲高息股债基金24 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策 ACCOUNTING POLICIES The principal accounting policies applied 以下为本财务报表采纳之主要会计政策，除 in the preparation of these financial 另有注明外，与过往年期采纳者一致。 statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. (a) Basis of preparation(a) 编制基准 The financial statements have been 本财务报表乃按照由香港会计师公会颁布的 prepared in accordance with Hong Kong 香港财务报告准则编制。财务报表乃按历史 Financial Reporting Standards (“HKFRSs”) 成本准则编制，并就按公允值透过损益列账 issued by the Hong Kong Institute of 的财务资产及财务负债之重估而作出调整。 Certifed Public Accountants. The fnancial statements have been prepared under the historical cost convention, as modified by the revaluation of financial assets and fnancial liabilities held at fair value through proft or loss. The preparation of fnancial statements in 受托人及基金管理人按照香港财务报告准则 conformity with HKFRS requires the use of 于编制财务报表时需作出若干关键会计估 certain critical accounting estimates. It also 算、判断和假设。该等估算和相关的假设涉 requires the Trustee and the Manager to 及重大复杂性或对财务报表属重大的范畴， exercise their judgment in the process of 并已载于附注4。 applying the Fund’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are signifcant to the fnancial statements are disclosed in note 4. Standards and amendments to existing 自二零一九年七月一日开始生效的准则及现 standards effective from 1st July 2019有准则的修订 There are no other standards, amendments 于二零一九年七月一日开始的财政年度没有 to standards or interpretations that are 首次生效的准则、现有准则的修订或诠释会 effective for annual periods beginning on 对基金造成重大影响。 1st July 2019 that have a material effect on the fnancial statements of the Fund. 25Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (a) Basis of preparation (Continued)(a) 编制基准（续） New standards, amendments and 于二零一九年七月一日后生效但本基金并无 interpretations effective after 1st July 提早采纳的新准则、修订和诠释 2019 and have not been early adopted by the Fund A number of new standards, amendments 多项新准则、修订和诠释已于二零一九年七 to standards and interpretations are 月一日后开始的年度期间起生效，但尚未于 effective for annual periods beginning after 本财务报表中采纳： 1st July 2019, and have not been adopted in preparing these fnancial statements: (i) Defnition of Material – amendments to (i) 重要性的定义– HKAS 1 及HKAS 8 修订 HKAS 1 and HKAS 8 (ii) Revised conceptual framework for (ii) 财务报告的概念框架（修订版） Financials Reporting None of these are expected to have a 此等新准则、修订和诠释预期不会对本基金 material effect on the fnancial statements 的财务报表有任何重大影响。 of the Fund. 施罗德亚洲高息股债基金26 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (b) Investments(b) 投资 Classifcation分类 (i) Assets(i) 资产 The Fund classifes its investments based 本基金同时按其管理金融资产的业务模式以 on both the Fund’s business model for 及金融资产的合约现金流量特点分类其投 managing those financial assets and the 资。金融资产组合按照公允值基准管理和评 contractual cash fow characteristics of the 价其表现。本基金侧重于公允值资讯，并利 financial assets. The portfolio of financial 用公允值资讯评估资产表现和作出决定。本 assets is managed and performance is 基金没有采纳选择权，不可撤销地将任何权 evaluated on a fair value basis. The Fund is 益证券指定为按公允值透过其他全面收入列 primarily focused on fair value information 账。本基金债务证券的合约现金流仅包括本 and uses that information to assess the 金和利息，然而该等证券并非持作收取合约 assets’ performance and to make decisions. 现金流或持作同时收取合约现金流和作为出 The Fund has not taken the option to 售用途。收取合约现金流仅为达致本基金业 irrevocably designate any equity securities 务模式目标的附带项目。因此，所有投资均 as fair value through other comprehensive 按公允值透过损益计量。 income. The contractual cash fows of the Fund’s debt securities are solely principal and interest, however, these securities are neither held for the purpose of collecting contractual cash flows nor held both for collecting contractual cash flows and for sale. The collection of contractual cash fows is only incidental to achieving the Fund’s business model’s objective. Consequently, all investments are measured at fair value through proft or loss. 27Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (b) Investments (Continued)(b) 投资（续） Classifcation (Continued)分类（续） (ii) Liabilities(ii) 负债 The Fund makes short sales in which a 本基金进行沽空交易，即在预期证券市值下 borrowed security is sold in anticipation of a 跌时将其出售，或就不同的套期交易利用沽 decline in the market value of that security, 空。沽空交易乃为买卖而进行，因此分类为 or it may use short sales for various arbitrage 按公允值透过损益列账的金融负债。有负数 transactions. Short sales are held for trading 公允值的衍生合约呈报为按公允值透过损益 and are consequently classifed as fnancial 列账的负债。 liabilities at fair value through proft or loss. Derivative contracts that have a negative fair value are presented as liabilities at fair value through proft or loss. As such, the Fund classifies all of its 因此，本基金将其所有投资组合分类为按公 investment portfolio as fnancial assets or 允值透过损益列账的金融资产或负债。 liabilities as fair value through proft or loss. Recognition, derecognition and 确认、终止确认及计量 measurement Purchases and sales of investments are 投资的买卖按交易日期记账。投资初始按公 accounted for on the trade date basis. 允值确认，不包括已产生的交易成本，此等 Investments are initially recognised at 成本在产生时支销，并按公允值随后重新计 fair value, excluding transaction costs 量。投资的已变现和未变现盈亏在产生的年 which are expensed as incurred, and are 度内计入全面收入报表。当从投资收取现金 subsequently re-measured at fair value. 流的权利已届满，或本基金已将拥有权的差 Realised and unrealised gains and losses on 不多所有风险和回报转让后，即终止确认投 investments are included in the statement of 资。 comprehensive income in the year in which they arise. Investments are derecognised when the rights to receive cash fows from the investments have expired or the Fund has transferred substantially all risks and rewards of ownership. 施罗德亚洲高息股债基金28 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (b) Investments (Continued)(b) 投资（续） Recognition, derecognition and 确认、终止确认及计量（续） measurement (Continued) Subsequent to initial recognition, all fnancial 于初始确认后，所有按公允值透过损益列账 assets and fnancial liabilities at fair value 的金融资产和金融负债均按公允值计量。对 through proft or loss are measured at fair 于「按公允值透过损益列账的金融资产和金 value. Gains and losses arising from changes 融负债」类别的公允值变动所产生的盈亏， in the fair value of the “fnancial assets or 于其产生期间内在全面收入报表中的按公允 financial liabilities at fair value through 值透过损益列账的投资及衍生金融工具的未 proft or loss” category are presented in the 变现净增值╱贬值变动净额呈报。 statement of comprehensive income within net change in unrealised appreciation/ depreciation in value of investments and derivative fnancial instruments in the period in which they arise. in the period in which they arise. Fair value estimation公允值估计 Fair value is the price that would be received 公允值指在计量日期，于一般交易中由市场 to sell an asset or paid to transfer a liability 与参与者出售一项资产而应收取或转让一项 in an orderly transaction between market 负债而应支付的价格。在活跃市场中买卖的 and participants at the measurement 金融资产和负债的公允值，根据报告日期交 date. The fair value of financial assets 易结束时的市场报价计算。 and liabilities traded in active markets are based on quoted market prices at the close of trading on the reporting date. Investments that are listed or traded on an 投资于上市或交易所乃按最后交易价之公允 exchange are fair valued based on quoted 值计算。 last traded prices. Investments which are not listed on an 非上市或较少交投量之投资乃按有关经纪提 exchange or are thinly traded are valued 供的收市买入价估值。 by using quoted from brokers. Investments in unit trusts or unlisted 投资基金或非上市基金投资方按有关管理人 funds are valued at their net asset value 提供的净资产作估值。 per unit as provided by the respective administrators of such funds. 29Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (c) Derivative fnancial instruments(c) 衍生金融工具 Derivatives are recognised at fair value 衍生金融工具乃按衍生金融工具合约订立之 on the date on which a derivative contract 日的公允值入账，其后并按公允值重新之日 is entered into and are subsequently re-的公允值入账，其后并按公允值重新评估。 measured at their fair value. Fair values 公允值乃按交投活跃市场（包括近期市场交 are obtained from quoted market prices 易）所报市场价格及估值技巧（包括现金流量 in active markets, including recent market 折现模式及期权订价模式，如适用）厘定。 transactions, and valuation techniques, 若公允值为正数，该衍生金融工具均列作资 including discounted cash fow models and 产，若公允值为负数，衍生金融工具则列作 option pricing models, as appropriate. All 负债。 derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Subsequent changes in the fair value of 之后衍生工具公允值若有改变，均会即时在 any derivative instrument are recognised 全面收入报表内入账。 immediately in the statement of comprehensive income. (d) Structured entities(d) 结构性主体 A structured entity is an entity that has been 结构性主体指经过特别设计以使其投票权或 designed so that voting or similar rights are 类似权利在决定哪一方控制该主体时并非决 not the dominant factor in deciding who 定性因素的主体，例如，当任何投票权仅与 controls the entity, such as when any voting 行政事务有关，而相关活动是透过合同安排 rights relate to administrative tasks only and 作出指示。结构性主体通常拥有下列若干或 the relevant activities are directed by means 全部特征或属性：(a)受限制活动，(b)狭义 of contractual arrangements. A structured 而明确的目标，例如透过向投资者转嫁与结 entity often has some or all of the following 构性主体相关的风险和回报，为投资者提供 features or attributes; (a) restricted activities, 投资机会，(c)股权不足以在没有后援财政支 (b) a narrow and well-defned objective, such 持下允许结构性主体为业务融资及(d)以向投 as to provide investment opportunities for 资者发出多个合约挂钩票据的形式融资因而 investors by passing on risks and rewards 集中信贷或其他风险（批次）。 associated with the assets of the structured entity to investors, (c) insufcient equity to permit the structured entity to fnance its activities without subordinated financial support and (d) financing in the form of multiple contractually linked instruments to investors that create concentrations of credit or other risks (tranches). 施罗德亚洲高息股债基金30 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (d) Structured entities (Continued)(d) 结构性主体（续） The Fund considers all of its investments 本基金将在其他基金（「接受投资基金」）内的 in other funds (“Investee Funds”) to be 所有投资视为在非合并结构性主体的投资。 investments in unconsolidated structured 本基金投资于接受投资基金的目的是为了取 entities. The Fund invests in Investee Funds 得资本增长的长远回报。此等接受投资基金 whose objective is to achieve long term 由有关联和无关联的资产经理负责管理，此 capital growth. The Investee Funds are 等经理采用多种不同的投资策略以达成各自 managed by related and unrelated asset 的投资目标。接受投资基金透过发行可赎回 managers who apply various investment 股份融资其业务，此等可赎回股份可按持有 strategies to accomplish their respective 人的选择售回，并赋予持有人可分占各基金 investment objectives. The Investee 净资产权益比例的权利。本基金在其每个接 Funds fnance their operations by issuing 受投资基金中均持有可赎回股份。 redeemable shares which are puttable at the holder’s option and entitles the holder to a proportional stake in the respective fund’s net assets. The Fund holds redeemable shares in each of its Investee Funds. The change in fair value of each Investee 各接受投资基金公允值的变动列入全面收入 Funds is included in the statement of 报表中「投资与衍生财务工具的未变现增 comprehensive income in “net change 值╱贬值」。 in unrealised appreciation/depreciation in value of investments and derivative fnancial instruments”. 31Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (e) Income and expenses(e) 收入及支出 Dividend income on equity securities is 股息收入乃于除息日当日入账。相关的海外 recorded on the ex-dividend date with the 预缴税入账为支出。 corresponding foreign withholding taxes recorded as an expense. Interest income is recognised on a time 利息收入乃按实际利息法按时间比例基准入 proportionate basis using the effective 账。 interest method. Other income and expenses are accounted 其他收入及开支乃按应计基准计算。 for on an accruals basis. (f) Foreign currency translation(f) 外币交易 Functional and presentation currency功能及呈列货币 Items included in the fnancial statements 本基金财务报表内所包括的项目乃采用其经 are measured using the currency of 营业务所在的主要经济体系的货币计价（「功 the primary economic environment in 能货币」）。本基金以港元计算及汇报以港元 which the Fund operates (the “functional 之表现。基金管理人认为港元能真诚地表现 currency”). The performance of the Fund is 出基金内之交易、事项及状况。财务报表乃 measured and reported to the unitholders 以港元（即基金的功能货币及列账货币）编 in Hong Kong Dollar (“HK$”). The Manager 列。 considers HK$ as the currency that most faithfully represents the economic effects of the underlying transactions, events and conditions. The fnancial statements are presented in HK$, which is the Fund’s functional and presentation currency. 施罗德亚洲高息股债基金32 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (f) Foreign currency translation (Continued)(f) 外币交易（续） Transactions and balances交易及结余 Foreign currency transactions are 外币交易按交易日期适用之汇率折算为功能 translated into the functional currency 货币。外币资产和负债按年结日之汇率折算 using the exchange rates prevailing at the 为功能货币。 dates of the transactions. Foreign currency assets and liabilities are translated into the functional currency using the exchange rate prevailing at the year end date. Foreign exchange gains and losses arising 汇率换算产生的汇兑盈亏在全面收入报表确 from translation are included in the 认。 statement of comprehensive income. Foreign exchange gains and losses relating 与现金及现金等价物有关的汇兑盈亏在全面 to cash and cash equivalents are presented 收入报表内的「汇兑净（亏损）╱收益」中呈 in the statement of comprehensive income 列。 within “net exchange (losses)/gains”. Foreign exchange gains and losses relating 与按公允值透过损益列账的财务资产及财务 to the financial assets and liabilities 负债有关的汇兑盈亏在全面收入报表内的 carried at fair value through profit or 「投资及衍生金融工具的已变现净亏损」、 loss are presented in the statement of 「投资及衍生金融工具的未变现增值」中呈 comprehensive income within “net realised 列。 losses on investments and derivative financial instruments” and “net change in unrealised appreciation/depreciation in value of investments and derivative fnancial instruments”. 33Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (g) Offsetting fnancial instruments(g) 金融工具抵销 Financial assets and liabilities are offset 若存在法律上可行使的权利，可对已确认入 and the net amount is reported in the 帐的项目进行抵销，且有意以净额方式结 statement of financial position when 算，或将资产变现并同时清偿债务，则财务 there is a legally enforceable right to 资产及负债可予抵销，并把净额于财务状况 offset the recognised amounts and there 报表内列帐。 is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. The legally enforceable right must not 法定可执行权利必须不得依赖未来事件而 be contingent on future events and must 定，而在一般业务过程中以及倘公司或对手 be enforceable in the normal course of 方一旦出现违约、无偿债能力或破产时，这 business and in the event of default, 也必须具有约束力。 insolvency or bankruptcy of the company or the counterparty. (h) Amounts receivable on disposal/payable (h) 应收及应付的买卖投资 on purchase of investments Amounts receivable on disposal/payable 应收及应付的买卖投资款项指已订约但于财 on purchase of investments represent 务状况报表的日期仍未结算或交付的出售投 receivables for investments sold and 资及衍生金融工具应收款项及衍生金融工具 payables for investment purchased that 购买投资应付款项。 have been contracted for but not yet settled or delivered on the statement of fnancial position date respectively. 施罗德亚洲高息股债基金34 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (i) Accounts receivables(i) 应收账款 Accounts receivables are recognised 应收账款初步按公允值确认，其后按摊销成 initially at fair value and subsequently 本计量。于每个报告日期，假若在初步确认 measured at amortised cost. At each 后信贷风险已显著增加，本基金须计量应收 reporting date, the Fund shall measure 对手方款项的损失准备，金额相当于全期预 the loss allowance on amounts due from 期信贷亏损。假若于报告日期，信贷风险在 counterparties at an amount equal to the 初步确认后未有显著增加，本基金会按十二 lifetime expected credit losses if the credit 个月期的预期信贷亏损计量其损失准备。 risk has increased signifcantly since initial recognition. If, at the reporting date, the credit risk has not increased signifcantly since initial recognition, the Fund shall measure the loss allowance at an amount equal to 12-month expected credit losses. Significant financial difficulties of the 对手方的严重财务困难、可能进行破产或财 counterparties, probability that the 务重组，以及延迟付款等均被视为是可能需 counterparties will enter bankruptcy or 要计提损失准备金的指标。假若信贷风险增 financial reorganisation, and default in 加至被视为已出现信贷减值，则利息收入将 payments are all considered indicators that 按总账目金额计算并就损失准备作出调整。 a loss allowance may be required. If the 管理层对信贷风险的显著增加定义为任何已 credit risk increases to the point that it is 逾期超过三十日的合约付款。任何合约付款 considered to be credit impaired, interest 如已逾期超过九十日，将被视为是信贷减 income will be calculated based on the 值。 gross carrying amount adjusted for the loss allowance. A signifcant increase in credit risk is defned by management as any contractual payment which is more than 30 days past due. Any contractual payment which is more than 90 days past due is considered credit impaired. Accounts receivables are classified 如应收账款预期可在一年内收取，将此等账 as current assets if the collections of 款分类为流动资产。如不预期在一年内收 receivables are expected within one year. 取，则呈列为非流动资产。 If not, they are presented as non-current assets. 35Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (j) Accounts payables and accruals(j) 应付账款及应计款项 Accounts payables and accruals are 应付账款及应计款项初始按公允值确认，其 recognised initially at fair value and 后利用实际利率法按摊销成本入账。如款项 subsequently measured at amortised 须在一年或以内支付，将应付账款及应计款 cost using the effective interest method. 项分类为流动负债。如不须在一年或以内支 Accounts payables and accruals are 付，则呈列为非流动负债。 classifed as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. (k) Distributions payable(k) 股息 Proposed distributions to unitholders 建议分派予份额持有人之股息当获基金管理 are recognised in the statement of 人正式批准及不再由基金酌情决定时于全面 comprehensive income when they are 收入报表内确认。派息予可赎回份额于全面 appropriately authorised by the Manager 收入报表内以财务成本列帐。 and no longer at the discretion of the Fund. The distribution on the redeemable units is recognised as a fnance cost in the statement of comprehensive income. (l) Cash and cash equivalents(l) 现金及现金等值 Cash and cash equivalents include cash in 现金及现金等值指现金、银行活期存款以及 hand, bank and demand deposits, other 存款存放日期起计在三个月内到期之高流通 short-term highly liquid investments with 性的投资及现金透支（如有）。 original maturities of three months or less and bank overdrafts, if any. 施罗德亚洲高息股债基金36 Notes to the Financial 财务报表之附注 Statements 2. SUMMARY OF SIGNIFICANT 2. 主要会计政策（续） ACCOUNTING POLICIES (Continued) (m) Margin accounts(m) 保证金户口 Margin accounts represent margin 保证金户口存放了未平仓期货合约之保证 deposits held in respect of futures 金。 contracts. (n) Cash collateral(n) 现金抵押金 Based on agreements entered between 根据经纪商与基金之间签订的协议，如果一 brokers and the Fund, one party will have 方应归属的衍生产品投资组合的回报于某一 an obligation to pay cash collateral for 交易日等于或超过预定限度，则另一方将有 the return of the portfolio of derivative 义务为对方应归属的衍生产品组合的回报支 attributable to the counterparty if the 付现金抵押品。衍生品的价格走势会每天按 return of the portfolio of derivative equals 市值计价，来按日决定基金会否收到或支付 or exceeds a predetermined threshold 对手方的现金抵押品。 at any valuation date. The movement of derivative is marked to market daily, which determines whether the Fund receives from or pays cash collateral to the counterparty on a daily basis. (o) Redeemable units(o) 可赎回基金份额 Redeemable units are classifed as fnancial 可赎回份额已分类为财务负债，份额持有人 liabilities and are issued or redeemed at 可于营业日交易时间内认购或赎回份额。每 the holder’s option at prices based on the 份额净资产以归于份额持有人净资产除以已 Fund’s net asset value per unit as at the 发行份额总数计算。 close of business on the relevant dealing day. The Fund’s net asset value per unit is calculated by dividing the net assets attributable to the unitholders with the total number of outstanding units. 37Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT3. 财务风险管理 (a) Strategy in using fnancial instruments(a) 运用金融工具的策略 The Fund’s objective is to provide income 本基金的目标是主要透过投资于亚洲股票和 and capital growth over the medium to 亚洲定息证券，以提供收益及中期至长期的 longer term by investing primarily in Asian 资本增值。 equities and Asian fxed income securities. The Fund will actively allocate between 本基金将积极地投资在亚洲股票、亚洲定息 Asian equities, Asian fixed income 证券、其他种类的资产和现金之间进行配 securities, other asset classes and cash to 置，以达致本基金的目标。本基金各资产种 achieve the Fund’s objectives. The Fund’s 类的预计资产配置范围如下： expected asset allocation ranges for each asset class is expected to be the following: Asian equities: 30 – 70%亚洲股票： 30-70% Asian fxed income: 30 – 70%亚洲定息收益： 30-70% Other asset classes: 0 – 20%其他资产种类： 0-20% Cash and money现金和货币市场工具： 0-30% market instruments: 0 – 30% The Fund is exposed to market price risk, 本基金须承担所持有金融工具所产生的市场 credit risk, interest rate risk, currency risk 价格风险、信贷风险、利率风险、流通性风 and liquidity risk arising from the fnancial 险及汇兑风险。 instruments held. The risks and the respective risk 本基金的风险承担及用以管理此等风险而采 management policies employed by the 用的风险管理政策探讨如下： Fund to manage these risks are discussed below. (b) Market price risk(b) 市场价格风险 Market price risk is the risk that the value 市场价格风险指金融工具价值因市场价格变 of a fnancial instrument will fuctuate as a 动而波动不定的风险，不论该等变动乃由个 result of changes in market prices, whether 别工具相关因素又或因为影响市场上所有工 those changes are caused by factors specifc 具的因素而导致。 to the individual instrument or factors affecting all instruments in the market. All investments present a risk of loss of 所有投资项目均面对资本亏损风险。本基金 capital. The Fund’s market price risk is 乃透过分散投资组合来管理市场价格风险。 managed through diversifcation of the 基金管理人定期对本基金的整体市场持仓进 investment portfolio. The Fund’s overall 行监控。 market positions are monitored on a regular basis by the Manager. 施罗德亚洲高息股债基金38 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） As at 30th June 2020 and 2019, the overall 截至二零二零年及二零一九年六月三十日， market exposures were as follows:本基金的整体市场风险承担如下： 20202019 二零二零年二零一九年 % of net% of net Fair value assetsFair value assets 公平价值占净资产公平价值占净资产 百分比百分比 HK$HK$ 港元港元 Assets 资产 Held for trading 持有作交易用： Equities 股票13,683,538,16446.58%17,969,424,68853.88% Investment funds 投资基金2,558,835,4628.71%2,423,537,5327.27% Debt securities 债务证券11,905,714,19340.53%11,947,088,47135.83% Credit default swaps 信贷违约掉期6,154,4340.02%–– Foreign exchange forward contracts 远期外汇合约49,550,9950.17%118,836,0180.36% 28,203,793,24896.01%32,458,886,70997.34% Liabilities 负债 Credit default swaps 信贷违约掉期––(535,103)(0.00%) Futures 期货(27,006,617)(0.09%)(9,895,771)(0.03%) Foreign exchange forward contracts 远期外汇合约(19,136,520)(0.07%)(32,621,807)(0.10%) (46,143,137)(0.16%)(43,052,681)(0.13%) 28,157,650,11195.85%32,415,834,02897.21% Total investments and derivative fnancial instruments, at cost 总投资及衍生金融工具以成本计28,945,941,27629,664,887,658 39Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） The table below summarises the market 下表归纳于二零二零年及二零一九年六月 exposures of the Fund as at 30th June 三十日本基金的市场风险承担： 2020 and 2019: 20202019 二零二零年二零一九年 % of net assets% of net assets 占净资产百分比占净资产百分比 Held for trading 持有作交易用： Equities 股票 Australia 澳大利亚11.85%12.92% Hong Kong 香港11.58%16.89% India 印度4.04%1.28% Indonesia 印尼0.94%0.88% Japan 日本0.53%0.53% New Zealand 新西兰0.94%0.77% Singapore 新加坡12.01%15.65% South Korea 南韩1.36%0.77% Taiwan 台湾1.24%0.88% Thailand 泰国2.09%3.31% 46.58%53.88% Investment funds 投资基金 Hong Kong 香港4.78%3.12% Luxembourg 卢森堡3.93%4.15% 8.71%7.27% Debt securities 债务证券 Australia 澳大利亚1.42%1.28% Bahrain 巴林0.10%– Brazil 巴西0.38%0.10% British Virgin Islands 英属维尔京群岛1.82%1.75% Cambodia 柬埔寨0.20%0.13% Canada 加拿大0.35%– Cayman Islands 开曼群岛2.13%1.53% 施罗德亚洲高息股债基金40 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) 市场价格风险（续）(b) Market price risk (Continued) 20202019 二零二零年二零一九年 % of net assets% of net assets 占净资产百分比占净资产百分比 Held for trading (Continued) 持有作交易用（续）： Debt securities (Continued) 债务证券（续） Chile 智利0.76%0.37% China 中国9.65%9.96% Colombia 哥伦比亚0.09%0.11% Egypt 埃及0.13%– Great Britain 英国0.20%0.06% Hong Kong 香港7.71%6.89% India 印度1.59%1.44% Indonesia 印尼3.63%3.00% Israel 以色列0.14%– Japan 日本0.18%0.05% Kuwait 科威特0.38%0.29% Luxembourg 卢森堡1.00%0.34% Macau 澳门0.05%0.38% Malaysia 马来西亚0.52%0.36% Mauritius 毛里求斯0.12%– Mexico 墨西哥1.03%0.64% Netherlands 荷兰1.60%– Peru 秘鲁0.50%0.45% Philippines 菲律宾0.66%1.45% Qatar 卡塔尔0.44%– Singapore 新加坡1.36%1.05% South Korea 南韩0.57%1.25% Spain 西班牙0.13%– Sri Lanka 斯里兰卡–0.53% Supra-nation 超国家–0.38% Taiwan 台湾0.37%0.39% Thailand 泰国0.22%0.29% United Arab Emirates 阿联酋0.59%0.72% United States 美国0.51%0.64% 40.53%35.83% 41Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) 市场价格风险（续）(b) Market price risk (Continued) 20202019 二零二零年二零一九年 % of net assets% of net assets 占净资产百分比占净资产百分比 Held for trading (Continued) 持有作交易用（续）： Credit default swap 信贷违约掉期 United States 美国0.02%(0.00%) 0.02%(0.00%) Futures 期货 Australia 澳大利亚–(0.03%) United States 美国(0.09%)– (0.09%)(0.03%) Foreign exchange forward contracts 远期外汇合约 AUD vs USD (forward date: 21/07/2020)0.11%– CNH vs USD (forward date: 21/07/2020)0.04%– GBP vs USD (forward date: 21/07/2020)0.00%– USD vs AUD (forward date: 21/07/2020)0.00%– USD vs CNH (forward date: 21/07/2020)0.00%– USD vs GBP (forward date: 21/07/2020)0.00%– USD vs TWD (forward date: 20/08/2020)0.02%– AUD vs USD (forward date: 21/07/2020)(0.00%)– CNH vs USD (forward date: 21/07/2020)(0.00%)– GBP vs USD (forward date: 21/07/2020)(0.01%)– USD vs AUD (forward date: 21/07/2020)(0.00%)– USD vs CNH (forward date: 21/07/2020)(0.00%)– USD vs AUD (forward date: 20/08/2020)(0.05%)– USD vs CNH (forward date: 20/08/2020)(0.01%)– USD vs HKD (forward date: 20/08/2020)(0.00%)– 0.10%– 施罗德亚洲高息股债基金42 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) 市场价格风险（续）(b) Market price risk (Continued) 20202019 二零二零年二零一九年 % of net assets% of net assets 占净资产百分比占净资产百分比 Held for trading (Continued) 持有作交易用（续）： Foreign exchange forward contracts (Continued) 远期外汇合约（续） AUD vs USD (forward date: 19/07/2019)–0.19% CNH vs USD (forward date: 19/07/2019)–0.16% GBP vs USD (forward date: 19/07/2019)–0.00% SGD vs USD (forward date: 20/09/2019)–0.01% USD vs CNH (forward date: 19/07/2019)–0.00% CNH vs USD (forward date: 19/07/2019)–(0.00%) USD vs AUD (forward date: 19/07/2019)–(0.01%) USD vs CNH (forward date: 19/07/2019)–(0.00%) USD vs SGD (forward date: 20/09/2019)–(0.09%) –0.26% 95.85%97.21% 43Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） As at 30th June 2020 and 2019, the Fund 截至二零二零年及二零一九年六月三十日， had no investments issued by the same 本基金没有投资于单一发行者而且其市值超 issuer with market value exceeding 10% of 过本基金净资产百分之十。 its net assets. The table below summarises the impact 下表概述倘若本基金相关投资所涉及主要指 on the Fund’s net assets attributable 数上升╱（下跌）对本基金归于份额持有人净 to unitholders as a result of increases/资产构成的影响。分析乃假设各指数按有关 (decreases) of the key index to which the 百分比上升╱（下跌）（而其指数按有关百分 Fund’s underlying investments are exposed. 比上升╱（下跌）（而其他变数保持稳定））、 The analysis is based on the assumption 而本基金投资项目的公平价值乃按历年与各 that the index had increased/(decreased) 指数的关连度而变动。投资于债务证券的基 by the respective percentage with all other 金之市场价格风险乃于附注3(c)利率风险项 variables held constant and the fair value 下披露。 of the Fund’s investments moved according to the historical correlation with the index. Market price risk for debt securities is disclosed in note 3(c) under interest rate risk. 施罗德亚洲高息股债基金44 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） 30th June 202030th June 2019 二零二零年六月三十日二零一九年六月三十日 Impact on Impact on net assets net assets attributable attributable Change inChange into unitholdersto unitholders Benchmarkbenchmark benchmark 归于份额归于份额 componentscomponents bycomponents by持有人持有人 基准指标相关指标的变动相关指标的变动净资产的影响净资产的影响 HK$HK$Portfolio investment 港元%港元投资组合% Asian EquitiesMSCI AC 亚洲股票Asia Pacifc ex Japan5%658,482,0491%123,316,961 Japanese REITs 日本房地产投资Tokyo Stock 信托基金Exchange REIT Index5%13,402,3171%1,752,473 Investment funds 投资基金 – Schroder International Selection Fund Asian Equity Yield USD Class I Acc 施罗德环球基金系列 MSCI AC Pacifc Ex 亚洲收益股票美元 Japan NR5%37,390,592––I类别累积股份 – Other funds 其他基金N/A*5%97,867,0211%24,235,375 * The Manager considers that there is no benchmark components for investment funds. The 5% (2019: 1%) change in the fair value of the investment funds leads to the same impact on the net assets attributable to unitholders. 基金管理人认为投资基金并没有基准指标。投资基金的公允值变动5%（二零一九年：1%）会导致 份额持有人净资产有相同的影响。 45Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） The Manager has used their view of what 基金管理人乃根据其对每一主要市场的「合 would be a “reasonable shift” in each key 理变动」的看法来估计上述市场敏感度分析 market to estimate the change for use in 的变动。 the market sensitivity analysis above. Disclosures above are shown in absolute 上述披露乃以绝对值列示，变动及影响可属 terms, changes and impacts could be 正数或负数。市场指数变动百分比乃根据基 positive or negative. Changes in market 金管理人当时对市场波幅及其他有关因素的 index % are revised annually depending 见解而按年作出修订。 on the Manager’s current view of market volatility and other relevant factors. The Fund’s investments in Investee Funds 本基金在接受投资基金中的投资，受各个接 are subject to the terms and conditions 受投资基金的发售文件中列明的条款和条件 of the respective Investee Funds’ offering 所约束，并容易受到与该等接受投资基金未 documents and are susceptible to market 来价值有关的不确定性而产生的市场价格风 price risk arising from uncertainties about 险所影响。本基金可于每日要求赎回其在接 future values of those Investee Funds. The 受投资基金中的投资权利。 right of the Fund to request redemption of its investments in the Investee Funds is on daily basis. 施罗德亚洲高息股债基金46 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） The exposure to investments in Investee 在接受投资基金中的投资的风险承担，其公 Funds at fair value by strategy employed 允值按所应用的策略在下表中披露。此等投 is disclosed in the following table. These 资在财务状况报表中列入「投资」一项。 investments are included in “investments” in the statement of fnancial position. 20202019 二零二零年二零一九年 Number of Number of Investee % of net Investee % of net Type of investment FundsassetsFundsassets funds接受投资Fair value占净资产接受投资Fair value占净资产 投资基金种类基金之数量公平价值百分比基金之数量公平价值百分比 HK$HK$ 港元港元 Multi asset fund 多重资产基金21,759,976,3135.99%21,734,384,7175.21% Fixed income fund 固定收益基金127,676,5110.09%127,474,9900.08% Equities fund 股票基金1771,182,6382.63%1661,677,8251.98% 2,558,835,4628.71%2,423,537,5327.27% 本基金持接受投资基金的股权（按该接受投The Fund’s holding in Investee Fund, as 资基金总资产值的百分比计算）将因应时间a percentage of the Investee Fund’s total 而改变，视乎该接受投资基金水平的认购和net asset value, will vary from time to time 赎回数量而定。本基金有可能会在某个时dependent on the volume of subscriptions 点，持有某一接受投资基金的大部分已发行and redemptions at the Investee Fund 基金份额总数。level. It is possible that the Fund may, at any point in time, hold a majority of an Investee Fund’s total units in issue. 47Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (b) Market price risk (Continued)(b) 市场价格风险（续） During the year ended 30th June 2020, the 截至二零二零年六月三十日止年度，就 total net losses incurred on investments 接受投资基金的投资而产生的净亏损为 in Investee Funds were HK$83,424,944 83,424,944港元。（二零一九年：净亏损 (2019: total net losses of HK$12,602,736). 12,602,736港元）。在二零二零年及二零 As at 30th June 2020 and 2019 there were 一九年六月三十日，本基金并无资金承担责 no capital commitment obligations and 任，亦没有应付接受投资基金的未结算购买 no amounts due to investee funds for 产生的金额。 unsettled purchases. (c) Interest rate risk(c) 利率风险 Interest rate risk is the risk that the value of 利率风险指金融工具价值因市场利率变动而 a fnancial instrument will fuctuate due to 波动不定的风险。 changes in market interest rates. As 30th June 2020, the Fund had bank 于二零二零年六月三十日，本基金的银行结 balances of HK$1,164,773,292 (2019: 余为1,164,773,292港元（二零一九年： HK$796,376,559) and the margin deposits 796,376,559港元）及付息保证金结余为 with interest bearing of HK$70,399,182 70,399,182港元（二零一九年：55,623,528 (2019: HK$55,623,528). No sensitivity 港元）。本基金并未就该等短期性质之银行 analysis is prepared as the bank balances 结余及付息保证金作利率风险敏感度分析， and margin deposits are short-term in 而本基金对于该等存款所需承担之利率风险 nature, and are therefore exposed to 为极少。 minimal interest rate risk on these bank balances. 施罗德亚洲高息股债基金48 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (c) Interest rate risk (Continued)(c) 利率风险（续） At 30th June 2020, the debt securities held by 于二零二零年六月三十日，本基金持投资于 the Fund amounted to HK$11,905,714,193 债务证券之价值为11,905,714,193港元（二 (2019: HK$11,947,088,471) and the market 零一九年：11,947,088,471港元）及相关投 value of the underlying investment funds, 资基金投资于债务证券之市场价值为 which are invested in debt securities, 27,676,511港元（二零一九年：27,474,990 amounted to HK$27,676,511 (2019: 港元）。倘若利率下降╱上升二十基点（二零 HK$27,474,990). Should interest rates have 一九年：十基点）（而其他变数保持稳定）， lowered/risen by 20 basis points (2019: 本年度归于份额持有人净资产则会增加╱减 10 basis points) with all other variables 少约106,140,779港元（二零一九年： remaining constant, the increase/decrease 78,333,555港元），主要来自投资于债务证 in net assets attributable to unitholders for 券市场的基金之价值的上升╱下跌。 the year would amount to approximately HK$106,140,779 (2019: HK$78,333,555), arising from the increase/decrease in market values of the debt securities. The Manager has used their view of what 基金管理人乃根据其对市场利率的「合理变 would be a “reasonable possible shift” in 动」看法来估计上述利率风险敏感度分析所 the market interest rates to estimate the 采用的变动。 change for use in the interest rate risk sensitivity analysis above. Disclosures above are shown in absolute 上述披露乃以绝对值列示，变动及影响可属 terms, changes and impacts could be 正数或负数。基点的变更乃根据基金管理人 positive or negative. Changes in basis 对当时市场波幅及其他有关因素的见解而按 points are revised annually depending 年作出修订。 on the Manager’s current view of market interest rate sensitivity and other relevant factors. 49Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (c) Interest rate risk (Continued)(c) 利率风险（续） The table below summarises the Fund’s 下表概述基金所需承担之利率风险并以较早 exposure to interest rate risk categorized 之合约重订日或到期日呈列。 by the earlier of contractual re-pricing or maturity dates. Non-interest Up to 1 year1-5 yearsOver 5 years bearingTotal 少于一年一年至五年五年以上非付息总值 HK$HK$HK$HK$HK$ 港元港元港元港元港元 As at 30th June 2020 截至二零二零年六月三十日 Assets 资产 Cash and bank deposits 现金及银行存款1,164,773,292–––1,164,773,292 Investments 投资总值316,313,2034,521,446,1467,067,954,84416,242,373,62628,148,087,819 Derivative fnancial instruments 衍生金融工具–––55,705,42955,705,429 Margin deposits 保证金70,399,182––44,270,530114,669,712 Cash collateral 现金抵押品–––8,990,5228,990,522 Other assets 其他资产–––394,488,158394,488,158 Total assets 资产总值1,551,485,6774,521,446,1467,067,954,84416,745,828,26529,886,714,932 Liabilities 负债 Derivative fnancial instruments 衍生金融工具–––46,143,13746,143,137 Cash collateral liabilities 现金抵押品负债–––6,122,8556,122,855 Other liabilities 其他负债–––457,006,039457,006,039 Total liabilities 负债总值–––509,272,031509,272,031 Total interest sensitivity gap 总利率敏感度的差距1,551,485,6774,521,446,1467,067,954,844 施罗德亚洲高息股债基金50 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (c) Interest rate risk (Continued)(c) 利率风险（续） Non-interest Up to 1 year1-5 yearsOver 5 years bearingTotal 少于一年一年至五年五年以上非付息总值 HK$HK$HK$HK$HK$ 港元港元港元港元港元 As at 30th June 2019 截至二零一九年六月三十日 Assets 资产 Cash and bank deposits 现金及银行存款796,376,559– ––796,376,559 Investments 投资总值653,010,5294,037,574,2647,256,503,67820,392,962,22032,340,050,691 Derivative fnancial instruments 衍生金融工具–––118,836,018118,836,018 Margin deposits 保证金55,623,528––17,933,87773,557,405 Other assets 其他资产–––563,162,856563,162,856 Total assets 资产总值1,505,010,6164,037,574,2647,256,503,67821,092,894,97133,891,983,529 Liabilities 负债 Derivative fnancial instruments 衍生金融工具–––43,052,68143,052,681 Other liabilities 其他负债–––501,255,068501,255,068 Total liabilities 负债总值–––544,307,749544,307,749 Total interest sensitivity gap 总利率敏感度的差距1,505,010,6164,037,574,2647,256,503,678 51Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk(d) 信贷和托管人风险 Credit risk is the risk that an issuer or 信贷风险指发行机构或交易对手无法或不愿 counterparty will be unable or unwilling 意于到期兑现与本基金的承诺。 to meet a commitment that it has entered into with the Fund. The Fund’s financial assets which are 有可能令本基金面对集中信贷风险的金融资 potentially subject to concentrations 产主要为透过托管人持有的投资项目及银行 of credit risk consist principally of 结余。 bank deposits and assets held with the custodians. The Fund limits its exposure to credit 本基金的投资及合约承诺，大部分均由具合 risk by transacting the majority of its 适信贷评级的发行商所发行，并由基金管理 investments and contractual commitment 人认为其根基稳固、信贷评级良好的财务机 activities with broker-dealers, banks and 构进行交易，从而限制其信贷风险。 regulated exchanges with high credit ratings and that the Fund considers to be well established. All transactions in investments are settled/所有交易均通过经核准的经纪于交付时结 paid for upon delivery using approved 算╱付款。由于在经纪收款后始交付有关投 and reputable brokers. The risk of default 资项目，所以违约风险甚低。购入的投资项 is considered minimal as delivery of 目款项于经纪收到相关之投资项目后支付。 investments sold is only made once the 若任何一方不能履行其责任，交易将告失 broker has received payment. Payment is 效。 made on a purchase once the investments have been received by the broker. The trade will fail if either party fails to meet its obligation. The table below summarises the assets 下表概述于二零二零年及二零一九年六月 placed with banks and custodian at 30th 三十日存放于银行及托管人的资产： June 2020 and 2019: 施罗德亚洲高息股债基金52 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk (Continued)(d) 信贷和托管人风险（续） 30th June 2020 二零二零年六月三十日 Source of HK$Credit ratingcredit rating 港元信贷评级信贷评级来源 Custodian 托管人 HSBC Institutional Trust Services (Asia) Limited28,148,087,819P-1Moody’s 穆迪 Banks 银行 The Hongkong and Shanghai Banking Corporation Limited, Hong Kong1,164,773,292P-1Moody’s 穆迪 UBS AG Singapore Branch112,656,011P-1Moody’s 穆迪 UBS Securities Pte. Ltd., Seoul Branch2,013,701P-1Moody’s 穆迪 Cash collateral 现金抵押品 Morgan Stanley and Co Intl, London8,990,522P-2Moody’s 穆迪 30th June 2019 二零一九年六月三十日 Source of HK$Credit ratingcredit rating 港元信贷评级信贷评级来源 Custodian 托管人 HSBC Institutional Trust Services (Asia) Limited32,340,050,691P-1Moody’s 穆迪 Banks 银行 The Hongkong and Shanghai Banking Corporation Limited, Hong Kong796,376,559P-1Moody’s 穆迪 UBS AG Singapore Branch71,451,048P-1Moody’s 穆迪 UBS Securities Pte. Ltd., Seoul Branch2,106,357P-1Moody’s 穆迪 53Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk (Continued)(d) 信贷和托管人风险（续） Derivative fnancial instruments represent 衍生金融工具指附注5所披露的未平仓之期 outstanding futures, foreign exchange 货交易、远期外汇合约及信贷违约掉期。 forward contracts and credit default swaps as disclosed in note 5. As at year end, the counterparty of 于年终未平仓之衍生金融工具的交易对手如 the outstanding derivative financial 下： instruments are listed as follows: 30th June 2020 二零二零年六月三十日 Counterparties 交易对手 Source of Credit ratingcredit rating Foreign exchange forward contracts 远期外汇合约信贷评级信贷评级来源 ANZ Bank MelbourneP-1Moody’s 穆迪 Goldman Sachs Intl, LondonP-1Moody’s 穆迪 The Hongkong and Shanghai Banking Corporation Limited, Hong KongP-1Moody’s 穆迪 Morgan Stanley and Co Intl, LondonP-2Moody’s 穆迪 Nomura International PlcWRMoody’s 穆迪 Futures 期货 UBS AG, Singapore BranchP-1Moody’s 穆迪 Credit default swaps 信贷违约掉期 Barclays Bank PLCP-2Moody’s 穆迪 The Hongkong and Shanghai Banking Corporation Limited, Hong KongP-1Moody’s 穆迪 施罗德亚洲高息股债基金54 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk (Continued)(d) 信贷和托管人风险（续） 30th June 2019 二零一九年六月三十日 Counterparties 交易对手 Source of Credit ratingcredit rating Foreign exchange forward contracts 远期外汇合约信贷评级信贷评级来源 Goldman Sachs Intl, LondonP-2Moody’s 穆迪 The Hongkong and Shanghai Banking Corporation Limited, Hong KongP-1Moody’s 穆迪 The Hongkong and Shanghai Banking Corporation Limited, SingaporeP-1Moody’s 穆迪 Futures 期货 UBS AG, Singapore BranchP-1Moody’s 穆迪 Credit default swaps 信贷违约掉期 Barclays Bank PLCP-1Moody’s 穆迪 本基金持有的债务证券令其承受因发行机构The Fund holds debt securities and is 未能于到期日交付本金及利息之风险。为限therefore exposed to risk that the issuers 制此风险，本基金持有的债务证券符合不能may not be able to repay the principal 持有由单一发行机构发行的债务证券多于百amount at maturity and interest. This risk 分之十的净资产值，由政府及其他公共机构is mitigated as the debt securities held are 发行的债务证券除外。subject to the requirements of maximum holding of 10% of net asset value for any single issuer except for those issued by Government and other public securities. 55Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk (Continued)(d) 信贷和托管人风险（续） The table below summarises the credit 下表概述于二零二零年及二零一九年六月 rating of the debt securities of the Fund 三十日本基金持有之债务证券所拥有标准普 by S&P’s, Moody’s or Fitch at 30th June 尔、穆迪或惠誉所提供的信贷评级： 2020 and 2019: Portfolio by rating category20202019 投资组合所拥有的信贷评级二零二零年二零一九年 % of net assets% of net assets 占净资产百分比占净资产百分比 AAA–0.31% AA0.18%0.14% AA-0.45%0.10% Aaa–0.07% Aa20.17%– Aa30.13%– A10.29%– A20.30%0.36% A2 *-0.13%– A30.59%0.68% A+2.96%2.79% A1.69%1.51% A-1.83%2.39% BBB+ *-0.32%– BBB+4.14%4.87% BBB4.43%2.96% BBB-1.96%2.54% BBB-*-0.22%– BB+0.95%0.60% BB0.48%0.75% BB- *-0.05%– BB-2.59%1.73% BB-*+–0.18% Baa12.75%1.36% Baa22.32%2.36% Baa31.65%0.11% Ba10.32%– 施罗德亚洲高息股债基金56 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk (Continued)(d) 信贷和托管人风险（续） Portfolio by rating category20202019 投资组合所拥有的信贷评级二零二零年二零一九年 % of net assets% of net assets 占净资产百分比占净资产百分比 Ba21.21%0.41% Ba30.68%0.46% B10.57%0.99% B20.90%0.17% B30.13%– (P)B+0.10%– B+1.30%1.13% B1.05%1.71% B-0.18%0.17% F1+u–0.47% N.A3.51%4.51% Total 合计40.53%35.83% Where credits are rated by one of the 信贷评级由一国际评级机构评定，基金管理 international ratings agencies, the 人不作任何自己的信用评级，但信用分析师 Manager does not re-construct their own 会用评级机构作为一个参考点于评估方向趋 credit ratings but use the rating agency 势的信用分析。除非基金管理人非常不同意 as a reference point for their analysis with 外部机构的观点，否则基金管理人不对外部 the credit analysts focusing on assessing 评级作特别评论。 the directional trend of the credit. The Manager does not specifcally comment on the external ratings unless the Manager disagrees materially with the external agency’s view. 57Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (d) Credit and counterparty risk (Continued)(d) 信贷和托管人风险（续） Where a credit is unrated, the Manager 如信贷评级为未评级，基金管理人会自行建 constructs a proxy/shadow rating. The 立一个代理╱影子评级。基金管理人内部的 Manager’s in-house credit research 信用调查和评价方法的未评级的信用是特别 and rating methodology is particularly 重要的，以确保信贷风险得到充分的补偿与 important for unrated credits to ensure 类似评级的发行人及亚洲以外的地区。在这 that the credit risk taken is being 方面，基金管理人不会有一个既定的评价政 adequately compensated for versus 策－会依赖于分析师的判断。 similar-rated issuers in and outside of Asia. The Manager does not have a defned rating policy in this regard – it depends on the analyst’s judgment. Importantly, the analysts must cover 更重要的是，分析师必须覆盖和监控本基金 and monitor any credits that the Fund’s 的投资组合投资是否他们的评分。这意思 portfolios invest in whether they are 是，所有的未评级债务证券，必须经过同样 rated or not. This means that all unrated 严格的自下而上的信用分析过程中确定的建 debt securities must undergo the same 议和发行人的资信观点，这构成了基金管理 rigorous bottom-up credit analysis process 人的评估的投资基础。 to determine a recommendation and credit opinion for the issuer and this forms the basis of the Manager’s evaluation of credits for investments. The Fund measures credit risk and 本基金利用违约概率、违约风险承担和违约 expected credit losses using probability 时的损失，计量信贷风险和预期信贷亏损。 of default, exposure at default and loss 管理层会同时考虑历史分析和前瞻性数据以 given default. Management consider both 厘定任何预期信贷亏损。截至二零二零年及 historical analysis and forward looking 二零一九年六月三十日，出售投资应收款、 information in determining any expected 应收认购份额款项、应收股息、应收债务证 credit loss. As at 30th June 2020 and 券利息、应收存款利息、其他应收款项、保 2019, the amounts receivable on disposal 证金、现金及银行存款可于三个月内变现。 of investments, amounts receivable on 管理层认为，由于交易对手均有强劲实力可 subscription of units, dividends receivable, 于短期内应付合约责任，因此违约概率接近 interest receivable on debt securities, 零。有鑑于此，并无就十二个月的预期信贷 interest receivable on bank deposits, 亏损确认损失准备，因为任何此等减值对本 other receivables, margin deposits, cash 基金整体而言并不重大。 collateral and cash and bank deposits can be realised within three months. Management consider the probability of default to be close to zero as the counterparties have a strong capacity to meet their contractual obligations in the near term. As a result, no loss allowance has been recognised based on 12-month expected credit losses as any such impairment would be wholly insignifcant to the Fund. 施罗德亚洲高息股债基金58 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (e) Currency risk(e) 汇兑风险 Currency risk is the risk that the value of 汇兑风险指金融工具的价值因外币汇率变动 fnancial instruments will fuctuate due to 而波动不定的风险。 changes in foreign exchange rates. The Fund has assets and liabilities 本基金持有并非以港元（基金的功能及申报 denominated in currencies other than 货币）计价的资产及负债。由于外币计价资 Hong Kong dollar, the Fund’s functional and 产及负债的价值会因汇率变动而波动不定， presentation currency. The Fund is therefore 本基金因而须承担汇兑风险。基金管理人将 exposed to currency risk, as the value of the 不时订立远期外汇合约，以对冲汇兑风险承 assets and liabilities denominated in other 担并呈现于附注5。 currencies will fuctuate due to changes in exchange rates. The Manager will enter into foreign exchange forward contracts from time to time to hedge against the currency exposures as disclosed in note 5. The table below summarises the Fund’s 下表概述于二零二零年及二零一九年六月 monetary and non-monetary exposures to 三十日本基金的货币及非货币风险承担，而 different major currencies other than United 除美元外，因其已与港元挂钩： States dollar which is pegged with Hong Kong dollar as at 30th June 2020 and 2019: 20202019 二零二零年二零一九年 MonetaryNon-monetaryMonetaryNon-monetary 货币非货币货币非货币 HK$ equivalentsHK$ equivalentsHK$ equivalentsHK$ equivalents 港元等值港元等值港元等值港元等值 Australian dollar 澳元1,441,093,5743,480,242,2053,681,241,6904,307,374,511 British pound 英镑77,530,536–43,642,532– Indian rupee 印度卢比28,295,9301,187,025,43029,925,971428,775,018 Indonesian rupiah 印尼盾23,537,088275,446,783208,416,155294,416,151 Japanese yen 日圆1,531,864154,988,8164,760,455175,430,541 Korean won 韩元2,029,399399,706,15520,378,219258,682,749 New Zealand dollar 新西兰元21,522277,605,35222,566256,101,361 Philippine peso 菲律宾披索––6,564,331– Renminbi 人民币4,624,075,294–6,146,014,295145,217,191 Singapore dollar 新加坡元10,700,8883,527,372,151(1,269,620,606)5,220,383,622 Taiwan dollar 新台币(1,707,457,930)364,806,11213,642293,031,829 Thai baht 泰铢–613,431,886–1,103,051,105 59Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (e) Currency risk (Continued)(e) 汇兑风险（续） The table below summarises the impact 下表概述倘若本基金相关投资所涉及主要外 on net assets attributable to unitholders 币汇率上升╱下跌对本基金归于份额持有人 as a result of increases/decreases of key 净资产构成的影响。分析乃假设各外币汇率 exchange rates on the exposures tabled 按相应百分率上升╱下跌，而其他变数保持 above, to which the Fund is exposed. 稳定。 The analysis is based on the assumption that the exchange rates had increased/ decreased by the respective percentage with all other variables held constant. Impact on net assets attributable to unitholders 归于份额持有人净资产的影响 20202019 二零二零年二零一九年 Estimated MonetaryNon-monetaryEstimated MonetaryNon-monetary reasonable 货币非货币reasonable 货币非货币 possible HK$ HK$possible HK$HK$ change %equivalentsequivalentschange %equivalentsequivalents 估计合理变动%港元等值港元等值估计合理变动%港元等值港元等值 +/-+/-+/-+/-+/-+/- Australian dollar 澳元228,821,87169,604,8445184,062,085215,368,726 British pound 英镑1775,305–52,182,127– Indian rupee 印度卢比2565,91923,740,50951,496,29921,438,751 Indonesian rupiah 印尼盾2470,7425,508,936510,420,80814,720,808 Japanese yen 日圆230,6373,099,7765238,0238,771,527 Korean won 韩元240,5887,994,12351,018,91112,934,137 New Zealand dollar 新西兰元24305,552,10751,12812,805,068 Philippine peso 菲律宾披索–––5328,217– Renminbi 人民币292,481,506–5307,300,7157,260,860 Singapore dollar 新加坡元2214,01870,547,443563,481,030261,019,181 Taiwan dollar 新台币234,149,1597,296,122568214,651,591 Thai baht 泰铢2–12,268,6385–55,152,555 The Manager has used their view of what 基金管理人乃根据其对汇率的「合理变动」看 would be a “reasonable possible shift” in 法来估计上述汇兑风险敏感度分析所采用的 exchange rates to estimate the change 变动。 for use in currency risk sensitivity analysis above. 施罗德亚洲高息股债基金60 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (e) Currency risk (Continued)(e) 汇兑风险（续） Disclosures above are shown in absolute 上述披露乃以绝对值列示，变动及影响可属 terms, changes and impacts could be 正数或负数。汇率%的变动根据基金管理人 positive or negative. Changes in exchange 现行对汇率波动和其他相关因素的观点每年 rate % are revised annually depending on 调整。 the Manager’s current view of exchange rates volatility and other relevant factors. (f) Liquidity risk(f) 流通性风险 Liquidity risk is the risk that an entity will 流通性风险指企业难以偿还负债（包括赎回 encounter difculty in settling its liabilities, 指示）的风险。 including a redemption request. The Fund is exposed to daily cash redemptions 本基金每日均接受投资者赎回份额以套取现 of redeemable units. The Fund invests the 金。本基金的资产大部分投资均在活跃的市 majority of its assets in investments that 场作买卖，因此相信可随时变现。 are traded in an active market and are considered to be readily realisable. The Fund also invests in derivative fnancial 本基金亦投资于衍生金融工具及债务证券均 instruments and debt securities that are 在场外交易，因此，本基金未必能以接近其 traded over the counter. As a result, the 公允值迅速变现其投资资产，以满足其流动 Fund may not be able to liquidate quickly 资金需求；于不利的市场条件下，亦可能导 its investments in these instruments at an 致有限的流动资金。基金管理人每日均监察 amount close to their fair value to meet its 本基金的流动资金状况。 liquidity requirements due to adverse market conditions leading to limited liquidity. It is the intent of the Manager to monitor the Fund’s liquidity position on a daily basis. The Manager is entitled to limit the 基金管理人有权限制任何一个交易日赎回份 number of units to be redeemed on any 额的数量，相等于本基金已发行份额总数之 one dealing day to 10% of the units in 百分之十。在这情况下，限制将按比例实 issue (with redemption requests reduced 施，所有拟于该交易日赎回份额之持有人可 pro rata) and any excess redemption 按比例赎回份额，而未能赎回的份额将拨作 requests are then carried forward to the 下一交易日根据相同的限制赎回。基金管理 next dealing day. The Manager or the 人或受托人可根据基金说明书内所呈列的情 Trustee may at any time suspend the right 况下限制赎回份额和发行份额。 of unitholders to redeem units and will at the same time cease to issue units in certain circumstances as mentioned in the Explanatory Memorandum. 61Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (f) Liquidity risk (Continued)(f) 流通性风险（续） The table below analyses the Fund’s 下表分析本基金的金融负债，按年结日当日 fnancial liabilities into relevant maturity 距离约定到期日的尚余期间分为有关期限组 groupings based on the remaining period 别。下表所载款额乃约定未折现现金流。由 at the year end date to the contractual 于折现影响不大，于十二个月内到期的余额 maturity date. The amounts in the table are 因而相等于结转余额。衍生金融工具合约的 the contractual undiscounted cash fows. 到期日分析已于附注5呈列。 Balances due within 12 months equal their carrying balances, as the impact of discounting is not signifcant. The maturity analysis of derivative fnancial liabilities is presented in note 5. At 30th June 2020 截至二零二零年六月三十日 Up to 1 month1-3 monthsOver 3 months 少于一个月一个月至三个月三个月以上 HK$HK$HK$ 港元港元港元 Derivative fnancial instruments 衍生金融工具1,980,00244,163,135– Amounts payable on purchase of investments 应付认购投资款项192,313,626–– Amounts payable on redemption of units 应付赎回份额款项122,887,353–– Distributions payable 应付股息105,111,413–– Cash collateral liabilities 现金抵押品负债6,122,855–– Other payables 其他应付款项36,496,384–197,263 Net assets attributable to unitholders 归于份额持有人净资产29,377,442,901–– Total fnancial liabilities 总金融负债值29,842,354,53444,163,135197,263 施罗德亚洲高息股债基金62 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (f) Liquidity risk (Continued)(f) 流通性风险（续） At 30th June 2019 截至二零一九年六月三十日 Up to 1 month1-3 monthsOver 3 months 少于一个月一个月至三个月三个月以上 HK$HK$HK$ 港元港元港元 Derivative fnancial instruments 衍生金融工具1,827,67540,689,903535,103 Amounts payable on purchase of investments 应付认购投资款项81,383,070–– Amounts payable on redemption of units 应付赎回份额款项258,317,306–– Distributions payable 应付股息120,902,325–– Other payables 其他应付款项40,405,947–246,420 Net assets attributable to unitholders 归于份额持有人净资产33,347,675,780–– Total fnancial liabilities 总金融负债值33,850,512,10340,689,903781,523 基金份额赎回乃根据份额持有人的选择。然Units are redeemed on demand at the 而，受托人和基金管理人不预期以上合约到unitholders’ option. However, the Trustee 期所披露为实际现金流出，因为份额持有人and the Manager do not envisage that the 一般持有基金份额作中长线投资。截至二零contractual maturity disclosed in the table 二零年六月三十日，两位份额持有人（二零above will be representative of the actual 一九年：两位）持有多于百分之十的基金份cash outfows, as the unitholders typically 额。 retain their units for the medium to long term. As at 30th June 2020, 2 unitholders (2019: 2) held more than 10% of the Fund’s units. 63Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (f) Liquidity risk (Continued)(f) 流通性风险（续） The following table illustrates the expected 下表列示以预期之变现期列示本基金所持有 liquidity of assets held:的流动资产： At 30th June 2020 截至二零二零年六月三十日 Up to1-3 monthsOver 1 month一个月至3 months 少于一个月三个月三个月以上 HK$HK$HK$ 港元港元港元 Total fnancial assets 总金融资产值29,875,412,087 11,302,845 – At 30th June 2019 截至二零一九年六月三十日 Up to1-3 monthsOver 1 month一个月至3 months 少于一个月三个月三个月以上 HK$HK$HK$ 港元港元港元 Total fnancial assets 总金融资产值33,891,983,529–– (g) Offsetting and amounts subject to (g) 受抵销和总净额结算协议及类似条款 master netting arrangements and similar agreements As at 30th June 2020 and 2019 the Fund was 截至二零二零年及二零一九年六月三十日， subject to master netting arrangements 基金的衍生工具资产及负债受与总净额结算 for the derivative assets and liabilities of 安排所约束。本基金设立的保证金余额是用 the Fund held with these counterparties. 以作为衍生工具持仓的抵押品。 The margin balance maintained by the Fund is for the purpose of providing collateral on derivative positions. 施罗德亚洲高息股债基金64 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (g) Offsetting and amounts subject to (g) 受抵销和总净额结算协议及类似条款（续） master netting arrangements and similar agreements (Continued) The following table presents the Fund’s 下表列出了基金受抵销和强制执行的总净额 fnancial assets and liabilities subject to 结算协议和类似协议约束的金融资产和负 offsetting, enforceable master netting 债。下表乃按金融工具的种类而呈列。 arrangements and similar agreements. The table is presented by type of fnancial instrument. Financial assets subject to offsetting, 受抵销和强制执行的总净额结算协议和类似 enforceable master netting arrangements 协议约束的金融资产： and similar agreements: At 30th June 2020 截至二零二零年六月三十日 BD Gross amounts of C = A – BRelated amounts not set-off recognised fnancialNet amounts of fnancial in the statement of fnancial position A liabilities set-off in the assets presented in the于财务状况报表中并未抵消的相关金额 Gross amounts statement of fnancial statement of of recognisedpositionfnancial position D (i) D(ii) E = C – D fnancial assets于财务状况报表中受抵销于财务状况报表中受抵销Financial instrumentsCash collateralNet amount 认可金融资产之总额的认可金融负债之总额的认可金融资产之净额金融工具抵押金净额 HK$HK$HK$HK$HK$HK$ 港元港元港元港元港元港元 Derivative fnancial instruments 衍生金融工具 Foreign exchange forward contracts 远期外汇合约49,550,995–49,550,9951,980,002–47,570,993 Credit default swap 信贷违约掉期6,154,434–6,154,434–5,259,111895,323 Margin deposits 保证金219,122,561104,452,849114,669,712––114,669,712 Cash collateral 现金抵押品8,990,522–8,990,522––8,990,522 283,818,512104,452,849179,365,6631,980,0025,259,111172,126,550 At 30th June 2019 截至二零一九年六月三十日 Derivative fnancial instruments 衍生金融工具 Foreign exchange forward contracts 远期外汇合约118,836,018–118,836,0181,827,675–117,008,343 Margin deposits 保证金75,032,1851,474,78073,557,405––73,557,405 193,868,2031,474,780192,393,4231,827,675–190,565,748 65Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT (Continued) (g) Offsetting and amounts subject to master netting arrangements and similar agreements (Continued) The following table presents the Fund’s fnancial assets and liabilities subject to offsetting, enforceable master netting arrangements and similar agreements. The table is presented by type of fnancial instrument. Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements: At 30th June 2020 截至二零二零年六月三十日 BD Gross amounts of C = A – BRelated amounts not set-off recognised fnancialNet amounts of fnancial in the statement of fnancial position A liabilities set-off in the assets presented in the于财务状况报表中并未抵消的相关金额 Gross amounts statement of fnancial statement of of recognisedpositionfnancial position D (i) D(ii) E = C – D fnancial assets于财务状况报表中受抵销于财务状况报表中受抵销Financial instrumentsCash collateralNet amount 认可金融资产之总额的认可金融负债之总额的认可金融资产之净额金融工具抵押金净额 HK$HK$HK$HK$HK$HK$ 港元港元港元港元港元港元 Derivative fnancial instruments 衍生金融工具 Foreign exchange forward contracts 远期外汇合约49,550,995–49,550,9951,980,002–47,570,993 Credit default swap 信贷违约掉期6,154,434–6,154,434–5,259,111895,323 Margin deposits 保证金219,122,561104,452,849114,669,712––114,669,712 Cash collateral 现金抵押品8,990,522–8,990,522––8,990,522 283,818,512104,452,849179,365,6631,980,0025,259,111172,126,550 At 30th June 2019 截至二零一九年六月三十日 Derivative fnancial instruments 衍生金融工具 Foreign exchange forward contracts 远期外汇合约118,836,018–118,836,0181,827,675–117,008,343 Margin deposits 保证金75,032,1851,474,78073,557,405––73,557,405 193,868,2031,474,780192,393,4231,827,675–190,565,748 施罗德亚洲高息股债基金66 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (g) Offsetting and amounts subject to (g) 受抵销和总净额结算协议及类似条款（续） master netting arrangements and similar agreements (Continued) Financial liabilities subject to offsetting, 受抵销和强制执行的总净额结算协议和类似 enforceable master netting arrangements 协议约束的金融负债： and similar agreements: At 30th June 2020 截至二零二零年六月三十日 D B Related amounts not set-off Gross amounts of C = A – B in the statement of fnancial positionrecognised fnancialNet amounts of fnancial 于财务状况报表中并未抵消的相关金额 A assets set-off in the liabilities presented in the Gross amounts statement of fnancial statement of fnancial of recognisedpositionposition E = C – D D (i) D(ii) fnancial liabilities于财务状况报表中受抵销于财务状况报表中受抵销Net amountFinancial instrumentsCash collateral 认可金融负债之总额的认可金融资产之总额的认可金融负债之净额金融工具抵押金净额 HK$HK$HK$HK$HK$HK$ 港元港元港元港元港元港元 Derivative fnancial instruments 衍生金融工具 Futures 期货27,006,617–27,006,617––27,006,617 Foreign exchange forward contracts 远期外汇合约19,136,520–19,136,5201,980,002–17,156,518 Cash collateral liabilities 现金抵押品负债6,122,855–6,122,8555,259,111–863,744 52,265,992–52,265,9927,239,113–45,026,879 At 30th June 2019 截至二零一九年六月三十日 Derivative fnancial instruments 衍生金融工具 Futures 期货9,895,771–9,895,771––9,895,771 Foreign exchange forward contracts 远期外汇合约32,621,807–32,621,8071,827,675–30,794,132 Credit default swap 信贷违约掉期535,103–535,103––535,103 43,052,681–43,052,6811,827,675 –41,225,006 67Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT (Continued) (g) Offsetting and amounts subject to master netting arrangements and similar agreements (Continued) Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements: At 30th June 2020 截至二零二零年六月三十日 D B Related amounts not set-off Gross amounts of C = A – B in the statement of fnancial positionrecognised fnancialNet amounts of fnancial 于财务状况报表中并未抵消的相关金额 A assets set-off in the liabilities presented in the Gross amounts statement of fnancial statement of fnancial of recognisedpositionposition E = C – D D (i) D(ii) fnancial liabilities于财务状况报表中受抵销于财务状况报表中受抵销Net amountFinancial instrumentsCash collateral 认可金融负债之总额的认可金融资产之总额的认可金融负债之净额金融工具抵押金净额 HK$HK$HK$HK$HK$HK$ 港元港元港元港元港元港元 Derivative fnancial instruments 衍生金融工具 Futures 期货27,006,617–27,006,617––27,006,617 Foreign exchange forward contracts 远期外汇合约19,136,520–19,136,5201,980,002–17,156,518 Cash collateral liabilities 现金抵押品负债6,122,855–6,122,8555,259,111–863,744 52,265,992–52,265,9927,239,113–45,026,879 At 30th June 2019 截至二零一九年六月三十日 Derivative fnancial instruments 衍生金融工具 Futures 期货9,895,771–9,895,771––9,895,771 Foreign exchange forward contracts 远期外汇合约32,621,807–32,621,8071,827,675–30,794,132 Credit default swap 信贷违约掉期535,103–535,103––535,103 43,052,681–43,052,6811,827,675 –41,225,006 施罗德亚洲高息股债基金68 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (g) Offsetting and amounts subject to (g) 受抵销和总净额结算协议及类似条款（续） master netting arrangements and similar agreements (Continued) Amounts in D(i) and D(ii) above relate to 于上表D(i)和D(ii)之金额，并不符合(B)之要 amounts subject to set-off that do not 求。包括：(i)于财务状况报表中所披露的资 qualify for offsetting under (B) above. This 产（或负债）(A)并未抵消的金额和；(ii)任何 includes (i) amounts which are subject 已收取或被抵押的金融抵押品（包括现金抵 to set-off against the asset (or liability) 押）。 disclosed in (A) which have not been offset in the statement of fnancial position and (ii) any fnancial collateral (including cash collateral), both received and pledged. The Fund and its counterparty have elected 基金及其交易对手方已选择按总额基准结算 to settle all transactions on a gross basis 所有交易，然而一旦其中一方违约，另一方 however, each party has the option to 即有权按净额基准结清所有未平仓合约。根 settle all open contracts on a net basis 据总净额结算协议的条款，违约事件包括： in the event of default of the other party. Per the terms of the master netting agreement, an event of default includes the following: – failure by a party to make payment － 合约一方未能于到期时付款； when due; – bankruptcy.－ 破产。 (h) Fair value estimation(h) 公允值估计 The fair value of financial assets and 本基金使用在活跃市场交易（如证券交易）之 liabilities traded in active markets (such 财务资产及负债的公允值，并以年结日可观 as trading securities) are based on quoted 察输入值之结算价作估值。本基金以公允值 market prices at the close of trading 作最新的市场价计算财务资产和财务负债。 on the year end date. The Fund utilises the last traded market price as its fair valuation inputs for both fnancial assets and fnancial liabilities. 69Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (h) Fair value estimation (Continued)(h) 公允值估计（续） An active market is a market in which 活跃市场即该市场有足够的成交量及次数从 transactions for the asset or liability take 而提供持续的价格信息。 place with sufcient frequency and volume to provide pricing information on an ongoing basis. A financial instrument is regarded as 金融工具之报价可即时且定期由交易所、交 quoted in an active market if quoted prices 易商、经纪人、行业组织、定价服务及监管 are readily and regularly available from an 机构发布，且报价反映实际及经常出现按公 exchange, dealer, broker, industry group, 平原则进行之市场交易，则被视为活跃市场 pricing service, or regulatory agency, and 报价之金融工具。 those prices represent actual and regularly occurring market transactions on an arm’s length basis. The carrying value less impairment 其他应收帐款及应付帐款之帐面值减值拨备 provision of other receivables and payables 与其公允值相若。就披露资料而言，财务负 are assumed to approximate their fair 债的公允值按本基金就类似金融工具所得现 values. The fair value of fnancial liabilities 行市场利率折算日后的合约现金流量估计。 for disclosure purposes is estimated by discounting the future contractual cash fows at the current market interest rate that is available to the Fund for similar fnancial instruments. HKFRS 13 requires the Fund to classify fair 香港财务报告准则第13号「公允值计量」要 value measurements using a fair value 求本基金根据公允值级次进行分类从而反映 hierarchy that reflects the significance 公允值在计量时所使用的输入值的重要性。 of the inputs used in making the 公允值级次分层如下： measurements. The fair value hierarchy has the following levels: – Quoted prices (unadjusted) in active － 第一层次－相同资产或负债在活跃市场 markets for identical assets or 中的报价（未经调整）。 liabilities that the entity can access at the measurement date (Level 1). 施罗德亚洲高息股债基金70 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (h) Fair value estimation (Continued)(h) 公允值估计（续） – Inputs other than quoted prices － 第二层次－直接或间接地使用除第一层 included within level 1 that are 次中的资产或负债的市场报价以外的其 observable for the asset or liability, 他可观察输入值。 either directly or indirectly (Level 2). – Inputs for the asset or liability that are － 第三层次－资产或负债使用了非基于可 unobservable inputs (Level 3).观察市场数据的输入值。 The level in the fair value hierarchy within 金融工具在按照公允值计量时具有重大意义 which the fair value measurement is 的最低层次输入值为基础，确定应将其整体 categorised in its entirety is determined 划分为哪一个类别。如在公允值计量中使用 on the basis of the lowest level input that 了可观察输入值但需要根据不可观察输入值 is signifcant to the fair value measurement 进行调整，则该计量应归入第三层次。在评 in its entirety. For this purpose, the 价特定输入值对于公允值计量整体的重大意 signifcance of an input is assessed against 义，需要考虑与金融资产或负债具有特定关 the fair value measurement in its entirety. If 系的因素进行判断。 a fair value measurement uses observable inputs that require signifcant adjustment based on unobservable inputs, that measurement is a level 3 measurement. Assessing the signifcance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specifc to the asset or liability. The determination of what constitutes 本基金需就可观察输入值的重大意义进行判 ‘observable’ requires signifcant judgment 断。本基金所考虑的可观察数据为市场数 by the Fund. The Fund considers observable 据，定期发布及更新，可信的及可核实的， data to be that market data that is readily 非私有的，并且由活跃于相关市场的独立来 available, regularly distributed or updated, 源提供数据。 reliable and verifable, not proprietary, and provided by independent sources that are actively involved in the relevant market. 71Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (h) Fair value estimation (Continued)(h) 公允值估计（续） The following table analyses within the fair 下表列示本基金截至二零二零年及二零一九 value hierarchy the Fund’s investments (by 年六月三十日的投资按公允值级次计量之公 class) measured at fair value at 30th June 允值： 2020 and 2019: At 30th June 2020 截至二零二零年六月三十日 Level 1Level 2Level 3Total 第一层次第二层次第三层次总值 HK$HK$HK$HK$ 港元港元港元港元 ASSETS 资产 Held for trading 持有作交易用 Equities 股票13,683,538,164––13,683,538,164 Investment funds 投资基金2,558,835,462––2,558,835,462 Debt securities 债务证券11,575,177,119330,537,074–11,905,714,193 Credit default swap 信贷违约掉期–6,154,434–6,154,434 Foreign exchange forward contracts 远期外汇合约–49,550,995–49,550,995 Total 总值27,817,550,745386,242,503–28,203,793,248 LIABILITIES 负债 Futures 期货–(27,006,617)–(27,006,617) Foreign exchange forward contracts 远期外汇合约–(19,136,520)–(19,136,520) Total 总值–(46,143,137)–(46,143,137) 施罗德亚洲高息股债基金72 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (h) Fair value estimation (Continued)(h) 公允值估计（续） At 30th June 2019 截至二零一九年六月三十日 Level 1Level 2Level 3Total 第一层次第二层次第三层次总值 HK$HK$HK$HK$ 港元港元港元港元 ASSETS 资产 Held for trading 持有作交易用 Equities 股票17,969,424,688––17,969,424,688 Investment funds 投资基金2,423,537,532––2,423,537,532 Debt securities 债务证券11,681,773,643265,314,828–11,947,088,471 Foreign exchange forward contracts 远期外汇合约–118,836,018–118,836,018 Total 总值32,074,735,863384,150,846–32,458,886,709 LIABILITIES 负债 Futures 期货–(9,895,771)–(9,895,771) Credit default swap 信贷违约掉期 –(535,103)–(535,103) Foreign exchange forward contracts 远期外汇合约–(32,621,807)–(32,621,807) Total 总值–(43,052,681)–(43,052,681) 73Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (h) Fair value estimation (Continued)(h) 公允值估计（续） Investments whose values are based on 由于投资价值是基于活跃市场的报价，因此 quoted market prices in active markets, 属第一层次，并包括活跃上市股票证券，债 and therefore classified within level 1, 务证券及投资基金。本基金没有调整这些工 include active listed and quoted equity 具的报价。 securities, debt securities and investment funds. The Fund does not adjust the quoted price for these instruments. Financial instruments that trade in markets 于非活跃市场交易的金融投资但以市场报 that are not considered to be active but 价、经纪报价或其他报价来源作为可观察输 are valued based on quoted market prices, 入值，此等投资即分类为第二层次。 dealer quotations or alternative pricing sources supported by observable inputs are classifed within level 2. Investments classifed within level 3 have 投资被分类为第三层次，其有显著的不可观 signifcant unobservable inputs, as they 察输入值，因为其交易次数疏落。截至二零 trade infrequently. As of 30th June 2020 二零年及二零一九年六月三十日，本基金并 and 2019, the Fund did not hold any 无持有任何第三层次的投资。 investments classifed in level 3. For the year ended 30th June 2020, there 截至二零二零年六月三十日止年度，本基金 were no transfers between levels of 所持有的投资的各个层级之间并无转拨（二 investments held by the Fund (2019: Nil). 零一九年：无）。 The fnancial assets and liabilities included 在财务状况报表内的金融资产和负债（投资 in the statement of fnancial position, other 和衍生金融工具除外），均按摊销成本入 than investments and derivative fnancial 账，其账面值为公允值的合理约数。没有其 instruments, are carried at amortised cost; 他资产或负债并非按公允值入账但以公允值 their carrying values are a reasonable 披露。 approximation of fair value. There are no other assets or liabilities not at fair value but for which the fair value is disclosed. 施罗德亚洲高息股债基金74 Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (i) Capital risk management(i) 资本风险管理 The capital of the Fund is represented by 本基金的资本是以归于份额持有人净资产呈 the net assets attributable to unitholders. 示。每日之归于份额持有人净资产可能有显 The amount of net assets attributable 著改变，因本基金每日之认购和赎回乃由份 to unitholders can change significantly 额持有人决定。本基金会以保障基金资本能 on a daily basis as the Fund is subject to 有一个持续经营的能力为目标，以便为份额 daily subscriptions and redemptions at 持有人提供回报和保持一个强大的资本基 the discretion of unitholders. The Fund’s 础，以支持基金中的投资活动。 objective when managing capital is to safeguard the Fund’s ability to continue as a going concern in order to provide returns for unitholders and benefits for other stakeholders and to maintain a strong capital base to support the development of the investment activities of the Fund. In order to maintain or adjust the capital 为了维持或调整资本结构，本基金的政策执 structure, the Fund’s policy is to perform 行如下： the following: – monitor the level of daily subscriptions － 监测每日认购和赎回之水平相对流动性 and redemptions relative to the liquid 资产；及 assets; and – redeem and issue units in accordance － 赎回及发行份额乃按照本基金的信托契 with the trust deed of the Fund, which 约，其中包括要求赎回基金的最低金额 includes the requirement of minimum 为5,000港元（以港元为货币份额累积及 redemption amount of HK$5,000 for 收息之A类别、M类别和C类别和X类 HKD denominated accumulation and 别基金份额），及5,000人民币（以人民 distribution units of Class A, Class M 币为货币份额累积及收息之A类别、M and Class C and Class X, RMB5,000 类别和C类别和X类别基金份额）或1,000 for RMB denominated accumulation 美元或其他货币之等值金额（以港元或 and distribution units of Class A, 人民币以外货币为货币份额之A类别、 Class M and Class C and Class X and M类别和C类别和X类别累积及收息份 US$1,000 (or equivalent value in other 额）。 currencies) for accumulation and distribution units of Class A, Class M and Class C and Class X denominated in a currency other than HKD or RMB. 75Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 3. FINANCIAL RISK MANAGEMENT 3. 财务风险管理（续） (Continued) (i) Capital risk management (Continued)(i) 资本风险管理（续） The Manager monitors capital on the basis 基金管理人会监督归于份额持有人净资产资 of the value of net assets attributable to 金的基金资本。 unitholders. (j) Financial instruments by category(j) 按类别划分的金融工具 Financial assets金融资产 Apart from investments and derivative 除了在财务状况报表中披露的投资及衍生金 financial instruments as disclosed in 融工具之外，所有在财务状况报表中披露的 the statement of financial position, all 其他金融工具，包括出售投资应收款、认购 other financial assets as disclosed in 基金份额应收款、应收股息、债务证券应收 the statement of financial position, 利息、银行存款应收利息、其他应收款、保 including amounts receivable on disposal 证金，现金抵押品，以及现金和银行存款均 of investments, amounts receivable on 分类为「金融资产须按摊销成本」。 subscription of units, dividends receivable, interest receivable on debt securities, interest receivable on bank deposits, other receivables, margin deposits, cash collateral and cash and bank deposits are categorized as “financial assets at amortised cost”. Financial liabilities金融负债 Apart from derivative fnancial instruments 除了在财务状况报表中披露的衍生金融工具 as disclosed in the statement of fnancial 外，所有在财务状况报表中披露的其他金融 position, all other financial liabilities as 负债，包括购买投资应付款、赎回基金份额 disclosed in the statement of financial 应付款、应付分派、现金抵押品负债以及其 position, including amounts payable 他应付款均分类为「其他金融负债须按摊销 on purchase of investments, amounts 成本」。 payable on redemption of units, distributions payable, cash collateral liabilities and other payables are categorized as “other fnancial liabilities at amortised cost”. 施罗德亚洲高息股债基金76 Notes to the Financial 财务报表之附注 Statements 4. CRITICAL ACCOUNTING ESTIMATES AND 4. 引用会计政策的重要会计估计与判断 JUDGMENTS Management makes estimates and 基金管理层对未来作出估计及假设。按定义 assumptions concerning the future. The 而言，会计估计绝少与实际结果完全一致。 resulting accounting estimates will, by 会计估计会不断基于对历史经验和其他因素 defnition, seldom equal the related actual 进行评估，包括对未来事件作出合理的预 results. Estimates are continually evaluated 期。公允值乃根据市况及有关金融工具的资 and are based on historical experience 讯而作出估计。下文讨论于下个财政年度有 and other factors, including expectations 相当大风险将会导致资产与负债的帐面值须 of future events that are believed to be 作出重大调整的估计和假设。 reasonable under the circumstances. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next fnancial year are outlined below. Fair value of unlisted investments非上市的投资的公允值 As at 30th June 2020 and 2019, the Fund 于二零二零年及二零一九年六月三十日，本 held a number of debt securities and 基金持有多项债务证券及衍生工具，其价值 derivatives that were valued by reference 乃参考经纪报价而厘订。厘订该等投资的公 to broker quotes. In determining the fair 允值时，受托人和基金管理人会作出判断， value of such investments, the Trustee 并对经纪的资料来源和采用的报价数量与质 and the Manager exercise judgments and 量作出估计。用于投资公允值的该等报价可 estimates on the sources of brokers and the 作参考之用，但不可执行，亦不受法律约 quantity and quality of broker quotes used. 束。故此，经纪报价不一定能反映证券于二 Such broker quotes adopted to fair value 零二零及二零一九年六月三十日的实际买卖 the investments may be indicative and 价。实际交易价格可能有别于经纪提供的报 not executable or legally binding. As such, 价。受托人和基金管理人认为，由于缺乏任 broker quotes do not necessarily indicate 何其他可信赖的市场资料来源，受托人和基 the price at which the security could actually 金管理人所得的经纪报价已反映最佳的公允 be traded as of 30th June 2020 and 2019. 值估计。 Actual transacted prices may differ from the broker quotes provided by the brokers. The Trustee and the Manager consider that in the absence of any other reliable market sources, the broker quotes available to them refect the best estimate of fair value. 77Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS5. 衍生金融工具 The Fund holds the following derivative 本基金持有以下的衍生金融工具： fnancial instruments: (a) Futures(a) 期货 Futures are contractual obligations to buy 期货是含合约义务的金融工具，需在有组织 or sell financial instruments on a future 的市场内的未来某一日以指定的价格买入或 date at a specifed price established in an 卖出金融产品。期货合约需现金或有价证券 organised market. The futures contracts 作为抵押，期货合约值之变动会每日与交易 are collateralised by cash or marketable 所作结算。期货以净额基准结算。 securities; changes in the futures contracts’ value are settled daily with the exchange. Futures are settled on a net basis. At 30th June 2020 and 2019, the Fund held 于二零二零年及二零一九年六月三十日，本 futures as shown below:基金持有于期货： At 30th June 2020 截至二零二零年六月三十日 Notional valueFair value 名义值公允值 Futures Contract sizeHK$PositionHK$ 期货合约数量港元持仓港元 Financial liabilities 金融负债： US 10YR NOTE (CBT) 21/09/2020(1,130)(1,218,868,464)Short 短仓(17,833,188) US LONG BOND (CBT) 21/09/2020(1)(1,383,940)Short 短仓(1,938) US LONG BOND (CBT) 21/09/2020(54)(74,732,745)Short 短仓(368,875) US LONG BOND (CBT) 21/09/2020(126)(174,376,406)Short 短仓(1,930,994) US LONG BOND (CBT) 21/09/2020(179)(247,725,211)Short 短仓(6,871,622) (27,006,617) 施罗德亚洲高息股债基金78 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (a) Futures (Continued)(a) 期货（续） At 30th June 2019 截至二零一九年六月三十日 Notional valueFair value 名义值公允值 Futures Contract sizeHK$PositionHK$ 期货合约数量港元持仓港元 Financial liabilities 金融负债： SPI 200 FUTURES SEP19 19/09/2019(760)(683,224,900)Short 短仓(9,895,771) (9,895,771) (b) 远期外汇合约(b) Foreign exchange forward contracts 远期外汇合约是指在场外交易市场依指定价Foreign exchange forward contracts are 格买卖外币的合同责任。contractual obligations to buy or sell foreign currencies at a specified rate established in over-the-counter markets. 79Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) 截至二零二零年及二零一九年六月三十日，As at 30th June 2020 and 2019, the Fund 本基金持有以下的远期外汇合约：held the outstanding foreign exchange forward contracts as shown below: At 30th June 2020 截至二零二零年六月三十日 Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets 金融资产： Buy AUD and Sell USD21st July 2020AUD 澳元90,935 买澳元沽美元二零二零年七月二十一日US$ 美元62,2532,808 Buy AUD and Sell USD21st July 2020AUD 澳元153,676 买澳元沽美元二零二零年七月二十一日US$ 美元105,3293,790 Buy AUD and Sell USD21st July 2020AUD 澳元314,844 买澳元沽美元二零二零年七月二十一日US$ 美元215,8737,148 Buy AUD and Sell USD21st July 2020AUD 澳元245,401 买澳元沽美元二零二零年七月二十一日US$ 美元167,9677,834 Buy AUD and Sell USD21st July 2020AUD 澳元1,219,608 买澳元沽美元二零二零年七月二十一日US$ 美元837,08521,014 Buy AUD and Sell USD21st July 2020AUD 澳元1,576,568 买澳元沽美元二零二零年七月二十一日US$ 美元1,081,84729,020 Buy AUD and Sell USD21st July 2020AUD 澳元1,448,903 买澳元沽美元二零二零年七月二十一日US$ 美元991,18150,402 Buy AUD and Sell USD21st July 2020AUD 澳元2,006,889 买澳元沽美元二零二零年七月二十一日US$ 美元1,368,024107,558 施罗德亚洲高息股债基金80 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy AUD and Sell USD21st July 2020AUD 澳元575,689,593 买澳元沽美元二零二零年七月二十一日US$ 美元392,426,87130,853,716 Buy CNH and Sell USD21st July 2020CNH 人民币743,634 买人民币沽美元二零二零年七月二十一日US$ 美元105,09931 Buy CNH and Sell USD21st July 2020CNH 人民币476,372 买人民币沽美元二零二零年七月二十一日US$ 美元67,31789 Buy CNH and Sell USD21st July 2020CNH 人民币1,285,200 买人民币沽美元二零二零年七月二十一日US$ 美元181,630127 Buy CNH and Sell USD21st July 2020CNH 人民币69,986 买人民币沽美元二零二零年七月二十一日US$ 美元9,873146 Buy CNH and Sell USD21st July 2020CNH 人民币71,769 买人民币沽美元二零二零年七月二十一日US$ 美元10,114229 Buy CNH and Sell USD21st July 2020CNH 人民币84,796 买人民币沽美元二零二零年七月二十一日US$ 美元11,942328 Buy CNH and Sell USD21st July 2020CNH 人民币198,336 买人民币沽美元二零二零年七月二十一日US$ 美元27,979412 Buy CNH and Sell USD21st July 2020CNH 人民币857,714 买人民币沽美元二零二零年七月二十一日US$ 美元121,132730 81Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD21st July 2020CNH 人民币337,900 买人民币沽美元二零二零年七月二十一日US$ 美元47,663732 Buy CNH and Sell USD21st July 2020CNH 人民币466,115 买人民币沽美元二零二零年七月二十一日US$ 美元65,7491,010 Buy CNH and Sell USD21st July 2020CNH 人民币897,873 买人民币沽美元二零二零年七月二十一日US$ 美元126,7631,079 Buy CNH and Sell USD21st July 2020CNH 人民币6,576,470 买人民币沽美元二零二零年七月二十一日US$ 美元929,3391,229 Buy CNH and Sell USD21st July 2020CNH 人民币521,627 买人民币沽美元二零二零年七月二十一日US$ 美元73,5121,648 Buy CNH and Sell USD21st July 2020CNH 人民币2,713,874 买人民币沽美元二零二零年七月二十一日US$ 美元383,2722,308 Buy CNH and Sell USD21st July 2020CNH 人民币786,130 买人民币沽美元二零二零年七月二十一日US$ 美元110,8032,370 Buy CNH and Sell USD21st July 2020CNH 人民币2,220,574 买人民币沽美元二零二零年七月二十一日US$ 美元313,5052,668 Buy CNH and Sell USD21st July 2020CNH 人民币1,287,606 买人民币沽美元二零二零年七月二十一日US$ 美元181,4564,106 施罗德亚洲高息股债基金82 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD21st July 2020CNH 人民币3,448,601 买人民币沽美元二零二零年七月二十一日US$ 美元486,00810,897 Buy CNH and Sell USD21st July 2020CNH 人民币3,729,041 买人民币沽美元二零二零年七月二十一日US$ 美元525,19014,423 Buy CNH and Sell USD21st July 2020CNH 人民币1,321,856,934 买人民币沽美元二零二零年七月二十一日US$ 美元186,401,9763,294,388 Buy CNH and Sell USD21st July 2020CNH 人民币3,542,752,247 买人民币沽美元二零二零年七月二十一日US$ 美元499,582,0668,829,398 Buy GBP and Sell USD21st July 2020GBP 英镑7,811 买英镑沽美元二零二零年七月二十一日US$ 美元9,623235 Buy USD and Sell AUD21st July 2020US$ 美元35,563 买美元沽澳元二零二零年七月二十一日AUD 澳元51,515706 Buy USD and Sell AUD21st July 2020US$ 美元70,147 买美元沽澳元二零二零年七月二十一日AUD 澳元101,4422,294 Buy USD and Sell AUD21st July 2020US$ 美元311,415 买美元沽澳元二零二零年七月二十一日AUD 澳元451,4944,076 Buy USD and Sell AUD21st July 2020US$ 美元1,917,958 买美元沽澳元二零二零年七月二十一日AUD 澳元2,778,92534,476 83Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy USD and Sell AUD21st July 2020US$ 美元1,506,562 买美元沽澳元二零二零年七月二十一日AUD 澳元2,164,329125,937 Buy USD and Sell AUD21st July 2020US$ 美元10,215,923 买美元沽澳元二零二零年七月二十一日AUD 澳元14,798,244202,754 Buy USD and Sell CNH21st July 2020US$ 美元238,687 买美元沽人民币二零二零年七月二十一日CNH 人民币1,688,180659 Buy USD and Sell CNH21st July 2020US$ 美元400,071 买美元沽人民币二零二零年七月二十一日CNH 人民币2,829,6121,105 Buy USD and Sell CNH21st July 2020US$ 美元195,855 买美元沽人民币二零二零年七月二十一日CNH 人民币1,383,0702,919 Buy USD and Sell CNH21st July 2020US$ 美元340,775 买美元沽人民币二零二零年七月二十一日CNH 人民币2,406,6064,912 Buy USD and Sell GBP21st July 2020US$ 美元37,482 买美元沽英镑二零二零年七月二十一日GBP 英镑29,6986,063 Buy USD and Sell GBP21st July 2020US$ 美元234,467 买美元沽英镑二零二零年七月二十一日GBP 英镑185,77537,926 Buy USD and Sell TWD20th August 2020US$ 美元221,118,520 买美元沽新台币二零二零年八月二十日TWD 新台币6,500,000,0005,875,295 49,550,995 施罗德亚洲高息股债基金84 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities 金融负债： Buy AUD and Sell USD21st July 2020AUD 澳元402,773 买澳元沽美元二零二零年七月二十一日US$ 美元280,369(23,467) Buy AUD and Sell USD21st July 2020AUD 澳元609,706 买澳元沽美元二零二零年七月二十一日US$ 美元420,818(7,650) Buy AUD and Sell USD21st July 2020AUD 澳元250,478 买澳元沽美元二零二零年七月二十一日US$ 美元173,207(5,682) Buy AUD and Sell USD21st July 2020AUD 澳元499,135 买澳元沽美元二零二零年七月二十一日US$ 美元344,288(4,602) Buy AUD and Sell USD21st July 2020AUD 澳元629,114 买澳元沽美元二零二零年七月二十一日US$ 美元433,778(4,519) Buy CNH and Sell USD21st July 2020CNH 人民币4,788,011 买人民币沽美元二零二零年七月二十一日US$ 美元678,075(10,485) Buy CNH and Sell USD21st July 2020CNH 人民币513,661 买人民币沽美元二零二零年七月二十一日US$ 美元72,752(1,186) Buy CNH and Sell USD21st July 2020CNH 人民币662,826 买人民币沽美元二零二零年七月二十一日US$ 美元93,732(392) Buy GBP and Sell USD21st July 2020GBP 英镑7,163,796 买英镑沽美元二零二零年七月二十一日US$ 美元8,996,618(1,115,339) 85Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy GBP and Sell USD21st July 2020GBP 英镑1,145,758 买英镑沽美元二零二零年七月二十一日US$ 美元1,438,894(178,384) Buy GBP and Sell USD21st July 2020GBP 英镑10,780 买英镑沽美元二零二零年七月二十一日US$ 美元13,521(1,549) Buy USD and Sell AUD21st July 2020US$ 美元4,891,225 买美元沽澳元二零二零年七月二十一日AUD 澳元7,136,385(176,220) Buy USD and Sell AUD21st July 2020US$ 美元561,958 买美元沽澳元二零二零年七月二十一日AUD 澳元821,481(28,648) Buy USD and Sell AUD21st July 2020US$ 美元505,198 买美元沽澳元二零二零年七月二十一日AUD 澳元738,100(23,573) Buy USD and Sell AUD21st July 2020US$ 美元832,454 买美元沽澳元二零二零年七月二十一日AUD 澳元1,213,140(22,386) Buy USD and Sell AUD21st July 2020US$ 美元353,116 买美元沽澳元二零二零年七月二十一日AUD 澳元515,016(11,729) Buy USD and Sell AUD21st July 2020US$ 美元198,853 买美元沽澳元二零二零年七月二十一日AUD 澳元289,727(5,011) Buy USD and Sell AUD21st July 2020US$ 美元71,956 买美元沽澳元二零二零年七月二十一日AUD 澳元105,108(3,251) 施罗德亚洲高息股债基金86 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH21st July 2020US$ 美元12,921,423 买美元沽人民币二零二零年七月二十一日CNH 人民币91,659,353(259,275) Buy USD and Sell CNH21st July 2020US$ 美元614,343 买美元沽人民币二零二零年七月二十一日CNH 人民币4,363,916(18,926) Buy USD and Sell CNH21st July 2020US$ 美元719,524 买美元沽人民币二零二零年七月二十一日CNH 人民币5,106,526(17,190) Buy USD and Sell CNH21st July 2020US$ 美元1,114,242 买美元沽人民币二零二零年七月二十一日CNH 人民币7,893,422(10,776) Buy USD and Sell CNH21st July 2020US$ 美元934,225 买美元沽人民币二零二零年七月二十一日CNH 人民币6,618,637(9,560) Buy USD and Sell CNH21st July 2020US$ 美元330,758 买美元沽人民币二零二零年七月二十一日CNH 人民币2,346,971(7,414) Buy USD and Sell CNH21st July 2020US$ 美元158,404 买美元沽人民币二零二零年七月二十一日CNH 人民币1,125,207(4,880) Buy USD and Sell CNH21st July 2020US$ 美元181,941 买美元沽人民币二零二零年七月二十一日CNH 人民币1,291,249(4,346) Buy USD and Sell CNH21st July 2020US$ 美元383,535 买美元沽人民币二零二零年七月二十一日CNH 人民币2,717,217(3,939) 87Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH21st July 2020US$ 美元159,177 买美元沽人民币二零二零年七月二十一日CNH 人民币1,129,695(3,803) Buy USD and Sell CNH21st July 2020US$ 美元221,066 买美元沽人民币二零二零年七月二十一日CNH 人民币1,567,513(3,733) Buy USD and Sell CNH21st July 2020US$ 美元588,569 买美元沽人民币二零二零年七月二十一日CNH 人民币4,166,680(2,611) Buy USD and Sell CNH21st July 2020US$ 美元103,833 买美元沽人民币二零二零年七月二十一日CNH 人民币736,914(2,480) Buy USD and Sell CNH21st July 2020US$ 美元196,585 买美元沽人民币二零二零年七月二十一日CNH 人民币1,392,641(1,911) Buy USD and Sell CNH21st July 2020US$ 美元75,879 买美元沽人民币二零二零年七月二十一日CNH 人民币537,985(1,224) Buy USD and Sell CNH21st July 2020US$ 美元70,650 买美元沽人民币二零二零年七月二十一日CNH 人民币500,958(1,193) Buy USD and Sell CNH21st July 2020US$ 美元70,774 买美元沽人民币二零二零年七月二十一日CNH 人民币501,792(1,142) Buy USD and Sell CNH21st July 2020US$ 美元156,289 买美元沽人民币二零二零年七月二十一日CNH 人民币1,106,425(693) 施罗德亚洲高息股债基金88 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2020 (Continued) 截至二零二零年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH21st July 2020US$ 美元275,547 买美元沽人民币二零二零年七月二十一日CNH 人民币1,949,990(451) Buy USD and Sell CNH21st July 2020US$ 美元162,808 买美元沽人民币二零二零年七月二十一日CNH 人民币1,152,261(382) Buy USD and Sell AUD20th August 2020US$ 美元194,408,475 买美元沽澳元二零二零年八月二十日AUD 澳元285,000,000(14,376,770) Buy USD and Sell CNH20th August 2020US$ 美元75,244,534 买美元沽人民币二零二零年八月二十日CNH 人民币535,000,000(1,923,619) Buy USD and Sell HKD20th August 2020US$ 美元386,863,658 买美元沽港元二零二零年八月二十日HKD 港元3,000,000,000(856,129) (19,136,520) 89Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 截至二零一九年六月三十日 Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets 金融资产： Buy AUD and Sell USD19th July 2019AUD 澳元306,110 买澳元沽美元二零一九年七月十九日US$ 美元211,76124,471 Buy AUD and Sell USD19th July 2019AUD 澳元189,008 买澳元沽美元二零一九年七月十九日US$ 美元130,13319,939 Buy AUD and Sell USD19th July 2019AUD 澳元289,025 买澳元沽美元二零一九年七月十九日US$ 美元198,25536,270 Buy AUD and Sell USD19th July 2019AUD 澳元452,766 买澳元沽美元二零一九年七月十九日US$ 美元311,18552,046 Buy AUD and Sell USD19th July 2019AUD 澳元900,888 买澳元沽美元二零一九年七月十九日US$ 美元619,335102,331 Buy AUD and Sell USD19th July 2019AUD 澳元2,868,268 买澳元沽美元二零一九年七月十九日US$ 美元1,986,287213,065 Buy AUD and Sell USD19th July 2019AUD 澳元12,531,913 买澳元沽美元二零一九年七月十九日US$ 美元8,679,314923,759 Buy AUD and Sell USD19th July 2019AUD 澳元138,169 买澳元沽美元二零一九年七月十九日US$ 美元95,64010,600 Buy AUD and Sell USD19th July 2019AUD 澳元900,752 买澳元沽美元二零一九年七月十九日US$ 美元626,97641,905 Buy AUD and Sell USD19th July 2019AUD 澳元458,103 买澳元沽美元二零一九年七月十九日US$ 美元319,48416,491 施罗德亚洲高息股债基金90 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy AUD and Sell USD19th July 2019AUD 澳元805,156 买澳元沽美元二零一九年七月十九日US$ 美元562,54121,018 Buy AUD and Sell USD19th July 2019AUD 澳元1,084,545 买澳元沽美元二零一九年七月十九日US$ 美元759,96610,950 Buy AUD and Sell USD19th July 2019AUD 澳元2,136,823 买澳元沽美元二零一九年七月十九日US$ 美元1,474,297201,382 Buy AUD and Sell USD19th July 2019AUD 澳元6,570,989 买澳元沽美元二零一九年七月十九日US$ 美元4,533,641619,275 Buy AUD and Sell USD19th July 2019AUD 澳元6,672,616 买澳元沽美元二零一九年七月十九日US$ 美元4,603,758628,853 Buy AUD and Sell USD19th July 2019AUD 澳元1,430,703 买澳元沽美元二零一九年七月十九日US$ 美元987,111134,835 Buy AUD and Sell USD19th July 2019AUD 澳元3,060,775 买澳元沽美元二零一九年七月十九日US$ 美元2,111,776288,459 Buy AUD and Sell USD19th July 2019AUD 澳元600,245,355 买澳元沽美元二零一九年七月十九日US$ 美元414,138,08256,569,436 Buy AUD and Sell USD19th July 2019AUD 澳元4,612,157 买澳元沽美元二零一九年七月十九日US$ 美元3,182,148434,667 Buy AUD and Sell USD19th July 2019AUD 澳元8,048 买澳元沽美元二零一九年七月十九日US$ 美元5,553758 91Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy AUD and Sell USD19th July 2019AUD 澳元293,828 买澳元沽美元二零一九年七月十九日US$ 美元201,99833,376 Buy AUD and Sell USD19th July 2019AUD 澳元73,200 买澳元沽美元二零一九年七月十九日US$ 美元50,6915,438 Buy AUD and Sell USD19th July 2019AUD 澳元704,650 买澳元沽美元二零一九年七月十九日US$ 美元487,75454,077 Buy AUD and Sell USD19th July 2019AUD 澳元746,954 买澳元沽美元二零一九年七月十九日US$ 美元515,36070,422 Buy AUD and Sell USD19th July 2019AUD 澳元1,085,004 买澳元沽美元二零一九年七月十九日US$ 美元751,44980,009 Buy AUD and Sell USD19th July 2019AUD 澳元1,135,925 买澳元沽美元二零一九年七月十九日US$ 美元783,729107,094 Buy AUD and Sell USD19th July 2019AUD 澳元1,336,814 买澳元沽美元二零一九年七月十九日US$ 美元922,332126,034 Buy AUD and Sell USD19th July 2019AUD 澳元1,457,280 买澳元沽美元二零一九年七月十九日US$ 美元1,005,447137,392 Buy AUD and Sell USD19th July 2019AUD 澳元1,548,212 买澳元沽美元二零一九年七月十九日US$ 美元1,068,186145,965 Buy AUD and Sell USD19th July 2019AUD 澳元2,161,819 买澳元沽美元二零一九年七月十九日US$ 美元1,491,543203,815 施罗德亚洲高息股债基金92 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy AUD and Sell USD19th July 2019AUD 澳元2,293,655 买澳元沽美元二零一九年七月十九日US$ 美元1,582,503216,245 Buy AUD and Sell USD19th July 2019AUD 澳元3,706,366 买澳元沽美元二零一九年七月十九日US$ 美元2,557,200349,435 Buy AUD and Sell USD19th July 2019AUD 澳元4,952,826 买澳元沽美元二零一九年七月十九日US$ 美元3,417,192466,950 Buy CNH and Sell USD19th July 2019CNH 人民币7,830,135 买人民币沽美元二零一九年七月十九日US$ 美元1,129,20279,414 Buy CNH and Sell USD19th July 2019CNH 人民币2,374,561 买人民币沽美元二零一九年七月十九日US$ 美元342,31625,062 Buy CNH and Sell USD19th July 2019CNH 人民币3,031,444 买人民币沽美元二零一九年七月十九日US$ 美元437,06131,607 Buy CNH and Sell USD19th July 2019CNH 人民币3,377,385 买人民币沽美元二零一九年七月十九日US$ 美元489,01119,019 Buy CNH and Sell USD19th July 2019CNH 人民币1,891,612 买人民币沽美元二零一九年七月十九日US$ 美元273,94410,199 Buy CNH and Sell USD19th July 2019CNH 人民币8,277,927 买人民币沽美元二零一九年七月十九日US$ 美元1,203,9824,252 Buy CNH and Sell USD19th July 2019CNH 人民币1,921,041 买人民币沽美元二零一九年七月十九日US$ 美元279,2132,488 93Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD19th July 2019CNH 人民币2,870,041 买人民币沽美元二零一九年七月十九日US$ 美元416,9894,941 Buy CNH and Sell USD19th July 2019CNH 人民币2,123,498 买人民币沽美元二零一九年七月十九日US$ 美元308,943381 Buy CNH and Sell USD19th July 2019CNH 人民币3,700,205,106 买人民币沽美元二零一九年七月十九日US$ 美元533,628,03937,427,306 Buy CNH and Sell USD19th July 2019CNH 人民币21,336,023 买人民币沽美元二零一九年七月十九日US$ 美元3,076,992215,812 Buy CNH and Sell USD19th July 2019CNH 人民币6,673,115 买人民币沽美元二零一九年七月十九日US$ 美元962,34467,688 Buy CNH and Sell USD19th July 2019CNH 人民币7,317,917 买人民币沽美元二零一九年七月十九日US$ 美元1,054,94977,226 Buy CNH and Sell USD19th July 2019CNH 人民币7,153,404 买人民币沽美元二零一九年七月十九日US$ 美元1,031,35274,561 Buy CNH and Sell USD19th July 2019CNH 人民币8,329,424 买人民币沽美元二零一九年七月十九日US$ 美元1,206,01746,892 Buy CNH and Sell USD19th July 2019CNH 人民币9,142,611 买人民币沽美元二零一九年七月十九日US$ 美元1,324,04449,240 Buy CNH and Sell USD19th July 2019CNH 人民币7,877,989 买人民币沽美元二零一九年七月十九日US$ 美元1,145,8144,040 施罗德亚洲高息股债基金94 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD19th July 2019CNH 人民币5,670,962 买人民币沽美元二零一九年七月十九日US$ 美元824,2457,349 Buy CNH and Sell USD19th July 2019CNH 人民币5,772,817 买人民币沽美元二零一九年七月十九日US$ 美元838,7369,920 Buy CNH and Sell USD19th July 2019CNH 人民币5,811,950 买人民币沽美元二零一九年七月十九日US$ 美元845,5671,042 Buy CNH and Sell USD19th July 2019CNH 人民币1,455,346,885 买人民币沽美元二零一九年七月十九日US$ 美元209,884,01514,720,728 Buy CNH and Sell USD19th July 2019CNH 人民币24,444 买人民币沽美元二零一九年七月十九日US$ 美元3,55242 Buy CNH and Sell USD19th July 2019CNH 人民币67,679 买人民币沽美元二零一九年七月十九日US$ 美元9,799381 Buy CNH and Sell USD19th July 2019CNH 人民币56,840 买人民币沽美元二零一九年七月十九日US$ 美元8,195593 Buy CNH and Sell USD19th July 2019CNH 人民币1,305,624 买人民币沽美元二零一九年七月十九日US$ 美元189,896670 Buy CNH and Sell USD19th July 2019CNH 人民币536,218 买人民币沽美元二零一九年七月十九日US$ 美元77,936695 Buy CNH and Sell USD19th July 2019CNH 人民币1,773,294 买人民币沽美元二零一九年七月十九日US$ 美元257,6423,053 95Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) 远期外汇合约（续）(b) Foreign exchange forward contracts (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD19th July 2019CNH 人民币1,344,571 买人民币沽美元二零一九年七月十九日US$ 美元194,7227,242 Buy CNH and Sell USD19th July 2019CNH 人民币6,227,626 买人民币沽美元二零一九年七月十九日US$ 美元905,1538,066 Buy CNH and Sell USD19th July 2019CNH 人民币2,000,042 买人民币沽美元二零一九年七月十九日US$ 美元289,58611,264 Buy CNH and Sell USD19th July 2019CNH 人民币1,077,643 买人民币沽美元二零一九年七月十九日US$ 美元155,35311,373 Buy CNH and Sell USD19th July 2019CNH 人民币1,345,809 买人民币沽美元二零一九年七月十九日US$ 美元194,08713,614 Buy CNH and Sell USD19th July 2019CNH 人民币3,019,321 买人民币沽美元二零一九年七月十九日US$ 美元437,25916,281 Buy CNH and Sell USD19th July 2019CNH 人民币2,122,635 买人民币沽美元二零一九年七月十九日US$ 美元306,11821,472 Buy CNH and Sell USD19th July 2019CNH 人民币2,931,494 买人民币沽美元二零一九年七月十九日US$ 美元422,60330,944 Buy CNH and Sell USD19th July 2019CNH 人民币6,832,697 买人民币沽美元二零一九年七月十九日US$ 美元985,38369,119 Buy CNH and Sell USD19th July 2019CNH 人民币7,025,994 买人民币沽美元二零一九年七月十九日US$ 美元1,013,25971,074 施罗德亚洲高息股债基金96 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy CNH and Sell USD19th July 2019CNH 人民币7,602,685 买人民币沽美元二零一九年七月十九日US$ 美元1,096,42776,908 Buy CNH and Sell USD19th July 2019CNH 人民币9,728,852 买人民币沽美元二零一九年七月十九日US$ 美元1,403,05498,416 Buy CNH and Sell USD19th July 2019CNH 人民币31,173,791 买人民币沽美元二零一九年七月十九日US$ 美元4,495,753315,350 Buy CNH and Sell USD19th July 2019CNH 人民币54,309,425 买人民币沽美元二零一九年七月十九日US$ 美元7,832,277549,388 Buy GBP and Sell USD19th July 2019GBP 英镑37,240 买英镑沽美元二零一九年七月十九日US$ 美元47,308934 Buy GBP and Sell USD19th July 2019GBP 英镑3,952,131 买英镑沽美元二零一九年七月十九日US$ 美元5,015,444139,757 Buy GBP and Sell USD19th July 2019GBP 英镑407,934 买英镑沽美元二零一九年七月十九日US$ 美元517,68814,426 Buy USD and Sell CNH19th July 2019US$ 美元72,174 买美元沽人民币二零一九年七月十九日CNH 人民币495,573490 Buy USD and Sell CNH19th July 2019US$ 美元29,065 买美元沽人民币二零一九年七月十九日CNH 人民币199,282530 Buy USD and Sell CNH19th July 2019US$ 美元1,107,233 买美元沽人民币二零一九年七月十九日CNH 人民币7,602,6857,511 97Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contracts Maturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial assets (Continued) 金融资产（续）： Buy USD and Sell CNH19th July 2019US$ 美元4,546,657 买美元沽人民币二零一九年七月十九日CNH 人民币31,173,79182,337 Buy SGD and Sell USD20th September 2019SGD 新加坡元220,275,000 买新加坡元沽美元二零一九年九月二十日US$ 美元162,796,6962,058,159 118,836,018 施罗德亚洲高息股债基金98 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities 金融负债： Buy CNH and Sell USD19th July 2019CNH 人民币2,233,124 买人民币沽美元二零一九年七月十九日US$ 美元325,748(6,283) Buy CNH and Sell USD19th July 2019CNH 人民币5,832,363 买人民币沽美元二零一九年七月十九日US$ 美元849,506(6,526) Buy CNH and Sell USD19th July 2019CNH 人民币5,991,807 买人民币沽美元二零一九年七月十九日US$ 美元874,025(16,820) Buy CNH and Sell USD19th July 2019CNH 人民币4,395,480 买人民币沽美元二零一九年七月十九日US$ 美元640,219(4,918) Buy CNH and Sell USD19th July 2019CNH 人民币31,688,476 买人民币沽美元二零一九年七月十九日US$ 美元4,613,419(18,821) Buy CNH and Sell USD19th July 2019CNH 人民币199,282 买人民币沽美元二零一九年七月十九日US$ 美元29,069(559) Buy CNH and Sell USD19th July 2019CNH 人民币495,573 买人民币沽美元二零一九年七月十九日US$ 美元72,182(555) Buy USD and Sell AUD19th July 2019US$ 美元3,403,981 买美元沽澳元二零一九年七月十九日AUD 澳元4,952,826(570,162) Buy USD and Sell AUD19th July 2019US$ 美元1,482,763 买美元沽澳元二零一九年七月十九日AUD 澳元2,161,819(272,404) Buy USD and Sell AUD19th July 2019US$ 美元918,937 买美元沽澳元二零一九年七月十九日AUD 澳元1,336,814(152,560) 99Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell AUD19th July 2019US$ 美元782,025 买美元沽澳元二零一九年七月十九日AUD 澳元1,135,925(120,407) Buy USD and Sell AUD19th July 2019US$ 美元1,599,586 买美元沽澳元二零一九年七月十九日AUD 澳元2,293,655(82,781) Buy USD and Sell AUD19th July 2019US$ 美元751,299 买美元沽澳元二零一九年七月十九日AUD 澳元1,085,004(81,176) Buy USD and Sell AUD19th July 2019US$ 美元1,077,546 买美元沽澳元二零一九年七月十九日AUD 澳元1,548,212(72,836) Buy USD and Sell AUD19th July 2019US$ 美元516,683 买美元沽澳元二零一九年七月十九日AUD 澳元746,954(60,082) Buy USD and Sell AUD19th July 2019US$ 美元487,709 买美元沽澳元二零一九年七月十九日AUD 澳元704,650(54,426) Buy USD and Sell AUD19th July 2019US$ 美元1,018,070 买美元沽澳元二零一九年七月十九日AUD 澳元1,457,280(38,774) Buy USD and Sell AUD19th July 2019US$ 美元2,597,004 买美元沽澳元二零一九年七月十九日AUD 澳元3,706,366(38,462) Buy USD and Sell CNH19th July 2019US$ 美元1,012,864 买美元沽人民币二零一九年七月十九日CNH 人民币7,025,994(74,160) Buy USD and Sell CNH19th July 2019US$ 美元422,551 买美元沽人民币二零一九年七月十九日CNH 人民币2,931,494(31,346) 施罗德亚洲高息股债基金100 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) 远期外汇合约（续）(b) Foreign exchange forward contracts (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH19th July 2019US$ 美元306,069 买美元沽人民币二零一九年七月十九日CNH 人民币2,122,635(21,853) Buy USD and Sell CNH19th July 2019US$ 美元7,900,361 买美元沽人民币二零一九年七月十九日CNH 人民币54,309,425(17,486) Buy USD and Sell CNH19th July 2019US$ 美元437,189 买美元沽人民币二零一九年七月十九日CNH 人民币3,019,321(16,832) Buy USD and Sell CNH19th July 2019US$ 美元194,056 买美元沽人民币二零一九年七月十九日CNH 人民币1,345,809(13,855) Buy USD and Sell CNH19th July 2019US$ 美元289,545 买美元沽人民币二零一九年七月十九日CNH 人民币2,000,042(11,583) Buy USD and Sell CNH19th July 2019US$ 美元155,334 买美元沽人民币二零一九年七月十九日CNH 人民币1,077,643(11,523) Buy USD and Sell CNH19th July 2019US$ 美元905,079 买美元沽人民币二零一九年七月十九日CNH 人民币6,227,626(8,643) Buy USD and Sell CNH19th July 2019US$ 美元194,690 买美元沽人民币二零一九年七月十九日CNH 人民币1,344,571(7,495) Buy USD and Sell CNH19th July 2019US$ 美元1,414,831 买美元沽人民币二零一九年七月十九日CNH 人民币9,728,852(6,406) Buy USD and Sell CNH19th July 2019US$ 美元257,617 买美元沽人民币二零一九年七月十九日CNH 人民币1,773,294(3,251) 101Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (b) Foreign exchange forward contracts (b) 远期外汇合约（续） (Continued) At 30th June 2019 (Continued) 截至二零一九年六月三十日（续） Fair value 公允值 Foreign exchange forward contractsMaturity dateNotional valueHK$ 远期外汇合约到期日名义值港元 Financial liabilities (Continued) 金融负债（续）： Buy USD and Sell CNH19th July 2019US$ 美元993,967 买美元沽人民币二零一九年七月十九日CNH 人民币6,832,697(2,053) Buy USD and Sell CNH19th July 2019US$ 美元189,873 买美元沽人民币二零一九年七月十九日CNH 人民币1,305,624(856) Buy USD and Sell CNH19th July 2019US$ 美元77,930 买美元沽人民币二零一九年七月十九日CNH 人民币536,218(744) Buy USD and Sell CNH19th July 2019US$ 美元8,194 买美元沽人民币二零一九年七月十九日CNH 人民币56,840(600) Buy USD and Sell CNH19th July 2019US$ 美元9,798 买美元沽人民币二零一九年七月十九日CNH 人民币67,679(392) Buy USD and Sell CNH19th July 2019US$ 美元3,551 买美元沽人民币二零一九年七月十九日CNH 人民币24,444(45) Buy USD and Sell SGD20th September 2019US$ 美元321,756,130 买美元沽新加坡元二零一九年九月二十日SGD 新加坡元440,275,000(30,794,132) (32,621,807) 施罗德亚洲高息股债基金102 Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (c) Credit default swaps(c) 信贷违约掉期 信用违约掉期是合约安排，其中互换交易的Credit default swaps are contractual 购买方支付款项直到合约到期日为止。款项arrangement where the purchaser of 将支付给互换交易的卖方。卖方作为回报会the swap makes payments up until the 在第三方一旦就贷款违约时负责缴清该债maturity date of a contract. Payments are 务。made to the seller of the swap. In return, the seller agrees to pay off a third party debt if this party defaults on the loan. 在二零二零及二零一九年六月三十日，基金At 30th June 2020 and 2019, the Fund 持有的未结算信用违约掉期如下：held the outstanding credit default swaps contract as shown below: At 30th June 2020 截至二零二零年六月三十日 Credit default swapsMaturity dateNotional valueFair value 信贷违约掉期到期日名义值公允值 HK$ 港元 Financial assets 金融资产： BAR CDS IND 200625 20th June 2025 – 5M_BSD5PTHH7二零二五年六月二十日US$美元5,000,000177,960 BAR CDS IND 200625 20th June 2025 – 47.5M_BSD5Q6YZ7二零二五年六月二十日US$美元47,500,0005,677,651 HSBC CDS IND 200625 20th June 2025 – 2.5M_BSD5Q86V3二零二五年六月二十日US$美元2,500,000298,823 6,154,434 103Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 5. DERIVATIVE FINANCIAL INSTRUMENTS 5. 衍生金融工具（续） (Continued) (c) Credit default swaps (Continued)(c) 信贷违约掉期（续） At 30th June 2019 截至二零一九年六月三十日 Credit default swapsMaturity dateNotional valueFair value 信贷违约掉期到期日名义值公允值 HK$ 港元 Financial liabilities 金融负债： BAR CDS IND 200624 20th June 2024 – 15M_BSD3PCQH9二零二四年六月二十日US$美元15,000,000(535,103) (535,103) 6. 保证金户口6. MARGIN ACCOUNTS 保证金户口持有为未平仓之期货的交易保证Margin accounts represent margin deposits 金。截至二零二零年六月三十日，本基金持held in respect of open futures contracts. 有114,669,712港元保证金（二零一九年：As at 30th June 2020, the Fund held 73,557,405港元），其中28,839,424港元margin deposits of HK$114,669,712 (2019: 为受限制存款（二零一九年：30,587,309港HK$73,557,405), of which HK$28,839,424 元）。(2019: HK$30,587,309) is restricted. 7. 管理费用及受托人费用7. MANAGEMENT FEE AND TRUSTEE FEE 施罗德投资管理（香港）有限公司及汇丰机构Management fee and trustee fee 信托服务（亚洲）有限公司分别收取管理费用are charged by Schroder Investment 及受托人费用。Management (Hong Kong) Limited and HSBC Institutional Trust Services (Asia) Limited respectively. 现时管理费用分别为类别净资产的每年百分Management fee is currently charged at a 比，A类别及M类别及X类别为百分之一点rate of 1.25% per annum for Class A and 二五，C类别为百分之零点六二五，以每年Class M and Class X and 0.625% per annum 本基金净资产百分之七为限。本基金没有征for Class C with an allowable maximum rate 收I类别的管理费。of 7% per annum of the net asset value of the Fund. No management fee is charged to Class I. 施罗德亚洲高息股债基金104 Notes to the Financial 财务报表之附注 Statements 7. MANAGEMENT FEE AND TRUSTEE FEE 7. 管理费用及受托人费用（续） (Continued) The Trustee fee for the Fund is 0.07% per 本基金征收的受托人费用为每年本基金净资 annum of the net asset value of the Fund 产的百分之零点零七，惟最低收费为每年 subject to a minimum fee of HK$156,000 156,000港元，以每年本基金资产值的百分 per annum, with an allowable maximum 之零点五为限。 rate of 0.5% per annum of net asset value of the Fund. Management fee payable and trustee 截至年终，应付管理费及受托人费用分别为 fee payable as at year end amounted to 29,523,145港元（二零一九年：32,910,101 HK$29,523,145 (2019: HK$32,910,101) 港元）及1,825,487港元（二零一九年： and HK$1,825,487 (2019: HK$1,907,662) 1,907,662港元）。 respectively. Total management fee and trustee fee for 年内之管理费及受托人费用分别为 the year amounted to HK$391,223,068 391,223,068港元（二零一九年：406,311,099 (2019: HK$406,311,099) and HK$22,626,929 港元）及22,626,929港元（二零一九年： (2019: HK$23,521,235) respectively.23,521,235港元）。 These fees are accrued daily on each valuation 费用于每个估值日每日累计，并于每月月底 date and payable monthly or quarterly in 或每季季末支付。 arrears. 8. DISTRIBUTIONS8. 派息 (a) Accumulation units(a) 累积份额 The Manager shall not make any 基金管理人不就出售投资项目变现所获取的 distributions of income or net capital 资本净收益派息。任何累积份额的收入和资 gains realised on the sale of investments 本净收益应予以累积和转作为资本。 in respect of the accumulation units. Any income and net capital gains in respect of the accumulation units shall be accumulated and capitalised. 105Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) Distribution units(b) 收息份额 In respect of distribution units, the 就收息份额而言，基金管理人将于其决定的 Manager will declare and pay monthly 每月该等日期宣布和派发股息。然而，基金 distributions on such date as may be 管理人对派息率不会作出保证。假如在相关 determined by the Manager. However, 期间本基金投资获得而可拨入相关收息份额 the distribution rate is not guaranteed. In 类别的收入不足以支付已宣布的派息，基金 the event that the income generated from 管理人可酌情决定从资本中支付派息。 the Fund’s investments attributable to the relevant Class of the distribution units during the relevant period is insufcient to pay distributions as declared, the Manager may in its discretion determine such distributions be paid from capital. The Manager will periodically review 基金管理人会定期检讨收息份额并保留权利 distribution units and reserve the right to 更改收息份额之派息政策。任何派息次数的 make changes to the distribution policies 更改，须向有关份额持有人发出一个月事先 of the distribution units. Any change to 通知。如基金管理人不打算保留本基金从原 the frequency of distributions is subject 来投资款项或之前累积的收入中支付派息的 to one month’s prior notice to the relevant 灵活性，该变更将须获证监会事先批准及向 unitholders. If the Manager does not 有关份额持有人发出一个月事先通知。 intend to retain the flexibility to pay distributions out of the amount originally invested or income attributable to the prior year of the Fund, the change will be subject to the SFC’s prior approval and one month’s prior notice to the relevant unitholders. 施罗德亚洲高息股债基金106 Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) 下表呈列年内派息记录：The following tables show the distributions of the Fund during the year: HKD Class A 港元A类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息HK$HK$ 纪录日派息日之份额港元港元 2020 二零二零年 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88,898,313.080.44509239,567,927.97 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88,776,452.970.43541338,654,421.72 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87,717,817.540.43866338,478,561.00 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88,414,877.130.44138539,025,000.54 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89,830,814.720.39286835,291,652.52 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90,786,463.320.38906335,321,653.78 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94,945,003.480.39175737,195,369.73 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93,723,903.070.38307435,903,190.44 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89,450,828.860.31630628,293,833.87 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89,381,546.750.34910431,203,455.50 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89,675,305.970.35885032,179,983.55 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87,407,766.670.36763332,133,979.48 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日108,095,703.080.43312546,818,951.40 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日103,420,073.040.43383744,867,454.23 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日97,672,838.640.42527441,537,718.78 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日91,873,442.520.41218937,869,222.40 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日88,228,208.030.41543336,652,909.15 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日87,672,095.540.41369936,269,858.25 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日90,563,616.050.45036140,786,320.69 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日92,592,338.750.45614842,235,810.14 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日93,407,779.790.45977542,946,561.95 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日92,531,018.490.45948642,516,707.56 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日89,758,987.980.45506740,846,353.38 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日87,847,766.970.44645839,220,338.35 107Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) HKD Class C 港元C类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息HK$HK$ 纪录日派息日之份额港元港元 2020 二零二零年 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547,865.430.471898258,536.60 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554,432.730.461958256,124.64 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564,280.140.465666262,766.08 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566,980.100.468881265,846.20 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567,444.170.417573236,949.36 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568,634.250.413701235,244.56 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555,709.470.416913231,682.50 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556,709.480.407899227,081.24 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557,292.790.336991187,802.65 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557,300.910.372139207,393.40 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560,517.430.382795214,563.27 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560,525.850.392428219,966.04 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日479,574.740.455903218,639.56 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日480,505.060.456970219,576.40 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日483,289.380.448200216,610.30 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日483,300.300.434651210,066.96 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日483,311.100.438377211,872.47 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日483,321.970.436729211,080.72 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日483,332.910.475828229,983.33 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日483,616.500.482210233,204.71 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日531,795.740.486315258,620.25 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日532,705.390.486280259,043.98 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日527,076.350.481938254,018.12 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日536,009.310.473102253,587.08 施罗德亚洲高息股债基金108 Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) HKD Class X 港元X类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息HK$HK$ 纪录日派息日之份额港元港元 2020 二零二零年 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64.690.66844743.24 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64.970.65368042.47 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65.240.65858542.97 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65.510.66268743.41 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65.790.58983838.81 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66.040.58412338.58 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358.870.588169211.08 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358.630.575131206.26 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3,772.490.4748881,791.51 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3,295.350.5241281,727.19 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3,874.830.5387622,087.61 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5,264.400.5519472,905.67 2019 二零一九年 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日64.420.67070543.21 109Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) USD Class A 美元A类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息US$US$ 纪录日派息日之份额美元美元 2020 二零二零年 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137,863,971.730.0443526,114,542.87 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138,651,348.620.0432165,991,956.68 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139,387,296.500.0435876,075,474.09 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142,158,110.640.0438386,231,927.25 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147,084,127.290.0390785,747,753.53 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149,839,577.390.0389105,830,257.96 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157,684,417.320.0392466,188,482.64 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152,056,835.340.0382765,820,127.43 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143,165,404.560.0317704,548,364.90 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142,950,337.340.0350795,014,554.88 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142,770,091.810.0360485,146,576.27 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140,638,049.940.0369395,195,028.93 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日176,973,640.440.0429897,607,919.83 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日165,507,704.880.0430417,123,617.13 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日155,749,094.100.0423966,603,138.59 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日147,075,321.980.0409336,020,234.15 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日141,656,812.040.0413395,855,950.95 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日140,547,343.210.0411625,785,209.74 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日142,873,031.910.0447096,387,710.38 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日141,980,488.760.0452536,425,043.06 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日142,329,637.680.0456156,492,366.42 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日141,818,084.300.0456296,471,017.37 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日138,589,574.330.0451456,256,626.33 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日135,592,271.780.0445016,033,991.69 施罗德亚洲高息股债基金110 Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) USD Class C 美元C类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息US$US$ 纪录日派息日之份额美元美元 2020 二零二零年 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249,535.260.04530711,305.69 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311,188.950.04417913,748.02 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333,131.300.04458514,852.66 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500,289.960.04487322,449.51 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715,668.940.04002528,644.65 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739,344.320.03987029,477.66 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1,210,437.790.04024648,715.28 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1,286,597.050.03927350,528.53 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1,159,864.230.03261437,827.81 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1,159,864.230.03603041,789.91 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1,260,388.450.03705246,699.91 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1,348,450.110.03799351,231.67 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日205,813.600.0435998,973.27 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日205,815.840.0436828,990.45 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日205,818.140.0430528,860.88 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日153,053.500.0415896,365.34 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日126,941.840.0420305,335.37 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日126,941.840.0418685,314.80 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日126,941.840.0455145,777.63 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日864,507.100.04609339,847.73 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日185,581.180.0464878,627.11 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日223,478.270.04652810,398.00 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日213,478.270.0460669,834.09 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日213,478.270.0454369,699.60 111Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) USD Class I 美元I类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息US$US$ 纪录日派息日之份额美元美元 2020 二零二零年 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5,235,321.340.054666286,194.08 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2,796,424.670.053340149,161.29 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2,796,031.840.053856150,583.09 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2,790,488.850.054240151,356.12 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2,790,488.850.048404135,070.82 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2,790,488.850.048236134,602.02 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2,784,640.150.048730135,695.51 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2,784,640.150.047578132,487.61 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2,784,640.150.039534110,087.96 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2,777,548.030.043699121,376.07 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2,771,963.550.044968124,649.66 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2,771,963.550.046141127,901.17 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日5,146,248.320.052237268,824.57 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日5,146,248.320.052372269,519.32 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日5,186,644.200.051643267,853.87 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日5,176,235.660.049915258,371.80 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日5,175,559.050.050479261,257.05 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日5,175,559.050.050305260,356.50 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日5,165,959.990.054730282,732.99 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日5,245,300.510.055457290,888.63 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日5,245,300.510.055961293,532.26 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日5,245,300.510.056040293,946.64 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日5,235,321.340.055522290,675.51 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日5,235,321.340.054794286,864.20 施罗德亚洲高息股债基金112 Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) USD Class X 美元X类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息US$US$ 纪录日派息日之份额美元美元 2020 二零二零年 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82.900.0665795.52 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83.260.0648445.40 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83.600.0654055.47 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83.950.0657835.52 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84.300.0586404.94 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17,080.080.058418997.78 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24,779.620.0589211,460.04 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27,393.490.0574651,574.17 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35,041.960.0476971,671.40 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36,647.010.0526651,930.01 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39,879.330.0541212,158.31 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80,711.220.0554584,476.08 2019 二零一九年 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日82.560.0668235.52 113Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) AUD Hedged Class A 澳元对冲A类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息AU$AU$ 纪录日派息日之份额澳元澳元 2020 二零二零年 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64,283,673.210.0329912,120,782.66 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64,018,644.700.0321222,056,406.91 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63,132,623.040.0303891,918,537.28 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63,746,533.230.0305481,947,329.10 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63,359,067.110.0282511,789,957.00 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62,783,217.760.0281391,766,656.96 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67,106,464.840.0283711,903,877.51 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66,644,500.140.0276741,844,319.90 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65,887,463.620.0277701,829,694.86 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66,361,847.030.0324282,151,981.98 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67,344,552.890.0333032,242,775.64 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64,635,380.730.0341002,204,066.48 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日73,877,663.790.0380672,812,301.03 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日71,646,754.820.0381102,730,457.83 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日69,381,003.260.0375482,605,117.91 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日67,055,149.430.0343332,302,204.45 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日64,029,568.200.0346682,219,777.07 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日63,621,451.710.0345042,195,194.57 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日65,020,618.250.0376282,446,595.82 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日65,444,717.530.0380832,492,331.18 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日67,386,833.130.0363692,450,791.73 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日66,963,482.550.0363852,436,466.31 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日66,430,266.410.0339882,257,831.89 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日65,160,930.690.0331032,157,022.29 施罗德亚洲高息股债基金114 Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) AUD Hedged Class C 澳元对冲C类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息AU$AU$ 纪录日派息日之份额澳元澳元 2020 二零二零年 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37,375.700.0337261,260.53 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96,312.550.0328573,164.54 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96,315.250.0311012,995.50 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134,640.420.0312804,211.55 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134,643.020.0289453,897.24 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134,645.460.0288423,883.44 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238,331.210.0291326,943.06 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238,333.660.0284336,776.54 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238,336.180.0285496,804.26 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238,339.080.0333547,949.56 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222,456.410.0342637,622.02 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222,459.590.0351077,809.89 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日780.550.03867230.19 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日783.650.03873930.36 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日786.830.03818730.05 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日790.020.03493727.60 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日793.000.03529827.99 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日795.990.03514427.97 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日799.010.03835830.65 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日802.170.03883931.16 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日805.360.03710929.89 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日808.380.03714430.03 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日811.430.03471928.17 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日37,372.980.0338211,263.99 115Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) RMB Hedged Class A 人民币对冲A类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息RMBRMB 纪录日派息日之份额人民币人民币 2020 二零二零年 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39,077,837.680.43963317,179,907.01 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38,966,840.500.46899218,275,136.46 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39,281,133.670.47288418,575,419.61 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39,777,172.440.47558618,917,466.33 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39,828,065.320.45055617,944,773.80 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40,334,537.630.44847518,089,031.76 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41,466,940.130.45226318,753,962.74 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41,217,799.890.44096118,175,442.26 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40,306,097.150.36621314,760,616.76 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40,201,400.520.36504514,675,320.25 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40,267,546.590.37502915,101,497.73 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39,432,221.460.43965617,336,612.76 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日39,427,215.300.49015119,325,289.01 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日38,990,495.140.49044819,122,810.36 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日38,891,072.660.52300220,340,108.78 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日37,341,665.400.48549718,129,266.53 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日36,757,830.980.49015818,017,144.92 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日36,786,930.400.44881916,510,673.32 30th January 2019 二零一九年一月三十日14th February 2019 二零一九年二月十四日37,172,648.910.46386017,242,904.92 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日36,864,585.090.42788915,773,950.45 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日37,659,101.350.43121316,239,094.07 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日38,350,060.260.43131616,540,994.59 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日38,425,692.850.46727017,955,173.50 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日38,100,351.910.46246517,620,079.25 施罗德亚洲高息股债基金116 Notes to the Financial 财务报表之附注 Statements 8. DISTRIBUTIONS (Continued)8. 派息（续） (b) 收息份额（续）(b) Distribution units (Continued) GBP Hedged Class A 英镑对冲A类别份额 Distribution Total No. of units per unitdistribution entitled 每份额amount distributions 派息额总派息额 Record datePayment date有权收取派息GBPGBP 纪录日派息日之份额英镑英镑 2020 二零二零年 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451,500.120.02980013,454.70 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525,888.700.02900715,254.45 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590,979.920.02926417,294.44 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570,281.180.02942816,782.23 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569,701.760.02707115,422.40 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615,378.280.02697116,597.37 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814,723.020.02718622,149.06 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801,789.570.02652021,263.46 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804,988.140.02695821,700.87 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814,390.410.03166925,790.93 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793,274.660.03254025,813.16 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793,971.760.03333926,470.22 2019 二零一九年 25th July 2018 二零一八年七月二十五日7th August 2018 二零一八年八月七日382,120.100.02683810,255.34 29th August 2018 二零一八年八月二十九日10th September 2018 二零一八年九月十日382,309.870.02686910,272.28 26th September 2018 二零一八年九月二十六日10th October 2018 二零一八年十月十日371,798.000.0264809,845.21 24th October 2018 二零一八年十月二十四日5th November 2018 二零一八年十一月五日375,887.710.0235978,869.82 28th November 2018 二零一八年十一月二十八日10th December 2018 二零一八年十二月十日386,361.720.0238359,208.93 19th December 2018 二零一八年十二月十九日3rd January 2019 二零一九年一月三日386,362.200.0237449,173.78 30th January 2019 二零一九年一月三十日12th February 2019 二零一九年二月十二日396,479.900.02863211,352.01 27th February 2019 二零一九年二月二十七日11th March 2019 二零一九年三月十一日436,072.180.02897312,634.32 27th March 2019 二零一九年三月二十七日8th April 2019 二零一九年四月八日436,072.740.02920712,736.38 24th April 2019 二零一九年四月二十四日8th May 2019 二零一九年五月八日436,073.300.02922012,742.06 29th May 2019 二零一九年五月二十九日11th June 2019 二零一九年六月十一日393,437.680.02888411,364.05 28th June 2019 二零一九年六月二十八日10th July 2019 二零一九年七月十日397,142.200.02774811,019.90 Note: Schroder Asian Asset Income Fund HKD Class X Distribution Units and USD Class X Distribution Units were launched on 15th May 2019. 附注： 施罗德亚洲高息股债基金港元X类别收息份额及美元X类别收息份额于二零一九年五月十五日 成立。 117Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 9. TRANSACTIONS WITH RELATED PARTIES 9. 与连系人及关连人士之交易 AND CONNECTED PERSONS In addition to the management fee 除载于财务报表附注7之管理费用及受托人 and trustee fee disclosed in note 7 and 费用外及附注13之非承诺性的透支额度，基 uncommitted bank overdraft facilities 金与其连系人及关连人士之交易如下。基金 disclosed in note 13 to the financial 管理人的关连人士是根据香港证券及期货事 statements, the Fund had the following 监察委员会所颁布的单位信托及互惠基金守 transactions with related parties and 则（「证监会守则」）中的定义。所有与其连系 connected persons. Connected persons 人及关连人士之交易乃按商业条款进行，并 of the Manager are those as defned in 为一般经常性业务。 the Code on Unit Trusts and Mutual Funds established by the SFC. All transactions with related parties and connected persons were entered into in the ordinary course of business and on normal commercial terms. (i) As at 30th June 2020, the Fund (i) 截至二零二零年六月三十日，基金存放 placed bank deposits amounted 总值1,164,773,292港元（二零一九年： to HK$1,164,773,292 (2019: 796,376,559港元）银行存款于与受托人 HK$796,376,559) with The Hongkong 及注册登记机构有关连之香港汇丰银行 and Shanghai Banking Corporation 有限公司。本基金有收取银行利息收入 Limited, a related company of the 总值5,669,941港元（二零一九年： Trustee and Registrar. Bank interest 7,967,579港元）。 income amounted to HK$5,669,941 (2019: HK$7,967,579) has been earned by the Fund. (ii) As at 30th June 2020, the Fund (ii) 截至二零二零年六月三十日，基金存放 placed investments amounting 总值28,148,087,819港元（二零一九 to HK$28,148,087,819 (2019: 年：32,340,050,691港元）投资于受托 HK$32,340,050,691) with the Trustee 人及注册登记机构之代理人。 and Registrar. (iii) During the year ended 30th June (iii) 截至二零二零年六月三十日止年度，买 2020, transaction handling fees on 卖证券的交易手续费为211,632港元（二 purchases and sales of investments, 零一九年：106,759港元）。此费用支付 amounting to HK$211,632 (2019: 予受托人－汇丰机构信托服务（亚洲）有 HK$106,759) were charged by the 限公司。 Trustee. 施罗德亚洲高息股债基金118 Notes to the Financial 财务报表之附注 Statements 9. TRANSACTIONS WITH RELATED PARTIES 9. 与连系人及关连人士之交易（续） AND CONNECTED PERSONS (Continued) (iv) During the year ended 30th June 2020, (iv) 截至二零二零年六月三十日止年度，注 the net registrar’s cost amounting to 册登记机构费用为62,347,174港元（二 HK$62,347,174 (2019: HK$64,774,482) 零一九年：64,774,482港元）。此费用 was paid to the Manager and the 支付予基金管理人。基金管理人支付服 Manager paid certain service fee to 务费予二零一九年六月三十日止年度之 Schroder Investment Management 注册登记机构服务提供机构－Schroder (Europe) S.A. for the year ended Investment Management (Europe) 30th June 2019 and HSBC France, S.A.及二零二零年六月三十日止年度之 Luxembourg Branch for the year ended 注册登记机构服务提供机构 － HSBC 30th June 2020, the registrar’s service France, Luxembourg Branch。 providers of the Fund respectively. (v) As at 30th June 2020, the Fund held (v) 截至二零二零年六月三十日，基金在由 investments in unit trusts/ mutual 基金管理人或该基金管理人所属集团旗 funds which are managed by the 下其他公司管理的单位信托╱互惠基金 Manager or other companies under 中持有投资为2,558,835,462港元（二零 the same group of the Manager, 一九年：1,761,859,707港元）。 amounting to HK$2,558,835,462 (2019: HK$1,761,859,707). (vi) During the year ended 30th June (vi) 截至二零二零年六月三十日，经纪佣金 2020, the Fund has incurred brokerage 费用为297,812港元（二零一九年： commission expenses amounting to 45,755港元）。此费用支付予受托人之 HK$297,812 (2019: HK$45,755) paid to 有关连人士。 related company of the Trustee for its brokerage services. (vii) During the year ended 30th June (vii) 截至二零二零年及二零一九年六月三十 2020 and 2019, the Manager and its 日止年度内，基金管理人及关连人士曾 connected persons subscribed and 认购及赎回基金份额。 redeemed units of the Fund. 119Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 10. TAXATION10. 税项 (a) Hong Kong Tax(a) 香港税项 No provision for Hong Kong profts tax has 根据香港税务条例第26A条本基金已获豁免 been made as the Fund is exempt from 缴纳香港利得税，因此并无税项拨备。 Hong Kong profts tax under Section 26A of the Hong Kong Inland Revenue Ordinance. (b) Mainland China Tax(b) 中国内地税项 The Fund invests in shares of companies 本基金投资于在海外证券交易所上市的中国 in mainland China listed on overseas 内地企业的股份，当中包括在香港联合交易 stock exchanges including the H-shares 所上市的H股（「H股」）。根据中国内地企业 listed on the Hong Kong Stock Exchange 所得税法，本基金或须就买卖H股所得的资 (“H-shares”). Under the mainland China 本收益缴付中国内地税项。然而，由于受托 Corporate Income Tax Law, the Fund may 人及基金管理人相信，本基金可根据目前的 be liable to pay mainland China tax on 税务规例维持无需呈交报税表，且中国不大 the capital gains realized in the trading 可能会就资本收益征收税项，故此本财务报 of H-shares. However, no provision was 表并无就此等收益的税项计提准备。 made for taxation from such gains in the fnancial statements as the Trustee and the Manager believe that the Fund can sustain a position for not fling a tax return based on the existing tax regulations and that the enforcement of mainland China tax on capital gains is not probable. (c) Withholding Tax(c) 预缴税 Withholding tax was charged on certain 相关年度的预缴税于收取股息时已入账。 dividend received during the year. 施罗德亚洲高息股债基金120 Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产 UNITHOLDERS PER UNIT The Fund’s net assets attributable to 本基金之归于份额持有人净资产于财务状况 unitholders is shown in the statement 报表呈示。本年内之份额认购及赎回于基金 of financial position. Subscriptions and 份额持有人应占净资产变动报表中呈示。为 redemptions of units during the year are 达到投资目标，本基金会根据附注3所列明 shown in the statement of changes in net 之投资政策作投资，并维持足够的资金流通 assets attributable to unitholders. In order 作赎回之用。此流通性会因应所有之流动性 to achieve the investment objectives, the 投资而增加。 Fund endeavors to make investment in accordance with the investment policies as outlined in note 3, whilst maintaining sufficient liquidity to meet redemption requests. Such liquidity is augmented by the holding of liquid investments. In accordance with the provisions of the 根据本基金于二零一零年十月八日订之信托 Fund’s Trust Deed dated 8th October 契约（经修订），本基金的投资乃以估值日之 2010, as amended, and Explanatory 最新交易价计算，从而计算每份额净资产， Memorandum, investments are stated 作买卖及计算其他收费用。 at the last traded price on the valuation day for the purpose of determining net asset value per unit for subscriptions and redemptions and for various fee calculations. Net assets attributable to unitholders 归于份额持有人净资产于财务状况报表为负 represent a liability in the statement 债，如份额持有人行使其赎回权利，则以应 of financial position, carried at the 付赎回款项呈示于年结日之财务状况报表。 redemption amount that would be payable at the year end date if the unitholder exercised the right to redeem the units in the Fund. 121Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产（续） UNITHOLDERS PER UNIT (Continued) Number of units in issue as at 30th June 于二零二零年及二零一九年六月三十日已发 2020 and 2019:行之份额： 20202019 二零二零年二零一九年 UnitsUnits 份额份额 HKD Class A Accumulation 港元A类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目1,884,213.912,257,901.29 Units issued 发行份额1,184,338.42505,299.13 Units redeemed 赎回份额(1,433,473.62)(878,986.51) Number of units in issue at the end of the year 年终已发行份额数目1,635,078.711,884,213.91 HKD Class A Distribution 港元A类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目87,847,766.97112,970,964.16 Units issued 发行份额45,613,962.6541,363,360.30 Units redeemed 赎回份额(46,053,962.95)(66,486,557.49) Number of units in issue at the end of the year 年终已发行份额数目87,407,766.6787,847,766.97 HKD Class C Accumulation 港元C类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目246,761.64248,179.06 Units issued 发行份额2,538.771,229.49 Units redeemed 赎回份额(7,528.88)(2,646.91) Number of units in issue at the end of the year 年终已发行份额数目241,771.53246,761.64 HKD Class C Distribution 港元C类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目536,009.31479,564.73 Units issued 发行份额37,452.5363,890.06 Units redeemed 赎回份额(12,935.99)(7,445.48) Number of units in issue at the end of the year 年终已发行份额数目560,525.85536,009.31 施罗德亚洲高息股债基金122 Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产（续） UNITHOLDERS PER UNIT (Continued) 20202019 二零二零年二零一九年 UnitsUnits 份额份额 USD Class A Accumulation 美元A类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目9,180,049.1610,432,193.81 Units issued 发行份额2,983,350.792,703,024.28 Units redeemed 赎回份额(3,452,293.08)(3,955,168.93) Number of units in issue at the end of the year 年终已发行份额数目8,711,106.879,180,049.16 USD Class A Distribution 美元A类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目135,592,271.78185,734,129.28 Units issued 发行份额82,030,628.2363,819,022.70 Units redeemed 赎回份额(76,984,850.07)(113,960,880.20) Number of units in issue at the end of the year 年终已发行份额数目140,638,049.94135,592,271.78 USD Class C Accumulation 美元C类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目5,761,594.257,238,439.17 Units issued 发行份额5,460,764.16573,102.12 Units redeemed 赎回份额(1,595,090.52)(2,049,947.04) Number of units in issue at the end of the year 年终已发行份额数目9,627,267.895,761,594.25 USD Class C Distribution 美元C类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目213,478.27205,811.49 Units issued 发行份额1,288,853.92793,971.31 Units redeemed 赎回份额(153,882.08)(786,304.53) Number of units in issue at the end of the year 年终已发行份额数目1,348,450.11213,478.27 123Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产（续） UNITHOLDERS PER UNIT (Continued) 20202019 二零二零年二零一九年 UnitsUnits 份额份额 USD Class I Accumulation 美元I类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目1,586,829.981,556,301.79 Units issued 发行份额3,782.0044,458.00 Units redeemed 赎回份额(270,577.85)(13,929.81) Number of units in issue at the end of the year 年终已发行份额数目1,320,034.131,586,829.98 USD Class I Distribution 美元I类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目5,235,321.345,115,698.44 Units issued 发行份额–237,566.53 Units redeemed 赎回份额(2,463,357.79)(117,943.63) Number of units in issue at the end of the year 年终已发行份额数目2,771,963.555,235,321.34 AUD Hedged Class A Distribution 澳元对冲A类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目65,160,930.6975,242,159.73 Units issued 发行份额32,745,505.8133,400,667.50 Units redeemed 赎回份额(33,271,055.77)(43,481,896.54) Number of units in issue at the end of the year 年终已发行份额数目64,635,380.7365,160,930.69 AUD Hedged Class C Distribution 澳元对冲C类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目37,372.98777.64 Units issued 发行份额200,972.5736,595.34 Units redeemed 赎回份额(15,885.96)– Number of units in issue at the end of the year 年终已发行份额数目222,459.5937,372.98 施罗德亚洲高息股债基金124 Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产（续） UNITHOLDERS PER UNIT (Continued) 20202019 二零二零年二零一九年 UnitsUnits 份额份额 RMB Hedged Class A Distribution 人民币对冲A类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目38,100,351.9139,607,249.52 Units issued 发行份额14,890,207.8515,881,103.47 Units redeemed 赎回份额(13,558,338.30)(17,388,001.08) Number of units in issue at the end of the year 年终已发行份额数目39,432,221.4638,100,351.91 RMB Hedged Class M Accumulation 人民币对冲M类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目12,196,315.818,033,883.68 Units issued 发行份额5,995,026.506,646,828.75 Units redeemed 赎回份额(7,180,788.96)(2,484,396.62) Number of units in issue at the end of the year 年终已发行份额数目11,010,553.3512,196,315.81 GBP Hedged Class A Accumulation 英镑对冲A类别累积份额 Number of units in issue at the beginning of the year 年初已发行份额数目36,989.0737,089.07 Units issued 发行份额77,576.06– Units redeemed 赎回份额(3,076.52)(100.00) Number of units in issue at the end of the year 年终已发行份额数目111,488.6136,989.07 GBP Hedged Class A Distribution 英镑对冲A类别收息份额 Number of units in issue at the beginning of the year 年初已发行份额数目397,142.20382,119.84 Units issued 发行份额616,729.2393,848.53 Units redeemed 赎回份额(219,899.67)(78,826.17) Number of units in issue at the end of the year 年终已发行份额数目793,971.76397,142.20 125Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产（续） UNITHOLDERS PER UNIT (Continued) 20192020 二零一九年二零二零年 UnitsUnits 份额份额 HKD Class X Accumulation(Note) 港元X类别累积份额（附注） Number of units in issue at the beginning of the year/period 年╱期初已发行份额数目67.62– Units issued 发行份额–67.62 Number of units in issue at the end of the year/period 年╱期终已发行份额数目67.6267.62 HKD Class X Distribution(Note) 港元X类别收息份额（附注） Number of units in issue at the beginning of the year/period 年╱期初已发行份额数目64.42– Units issued 发行份额5,901.2064.42 Units redeemed 赎回份额(701.22)– Number of units in issue at the end of the year/period 年╱期终已发行份额数目5,264.4064.42 USD Class X Accumulation(Note) 美元X类别累积份额（附注） Number of units in issue at the beginning of the year/period 年╱期初已发行份额数目68.14– Units issued 发行份额–68.14 Number of units in issue at the end of the year/period 年╱期终已发行份额数目68.1468.14 USD Class X Distribution(Note) 美元X类别收息份额（附注） Number of units in issue at the beginning of the year/period 年╱期初已发行份额数目82.56– Units issued 发行份额85,899.8582.56 Units redeemed 赎回份额(5,271.19)– Number of units in issue at the end of the year/period 年╱期终已发行份额数目80,711.2282.56 Note: Schroder Asian Asset Income Fund HKD Class X Accumulation Units and USD Class X Accumulation Units were launched on 14th September 2018 and HKD Class X Distribution Units and USD Class X Distribution Units were launched on 15th May 2019. 附注： 施罗德亚洲高息股债港元累积X类及美元累积X类于二零一八年九月十四日成立。施罗德亚洲高 息股债港元收息X类及美元收息X类于二零一九年五月十五日成立。 施罗德亚洲高息股债基金126 Notes to the Financial 财务报表之附注 Statements 11. NUMBER OF UNITS IN ISSUE AND NET 11. 已发行份额数目及归于份额持有人每份额净 ASSETS ATTRIBUTABLE TO 资产（续） UNITHOLDERS PER UNIT (Continued) 20202019 二零二零年二零一九年 Net assets attributable to unitholders per unit 归于份额持有人净资产每份额计 HKD Class A Accumulation 港元A类别累积份额HK$港元146.6570161.2388 HKD Class A Distribution 港元A类别收息份额HK$港元92.5558106.6920 HKD Class C Accumulation 港元C类别累积份额HK$港元156.4946170.8102 HKD Class C Distribution 港元C类别收息份额HK$港元98.7982113.0638 HKD Class X Accumulation 港元X类别累积份额HK$港元146.3287160.9676 HKD Class X Distribution 港元X类别收息份额HK$港元138.9591160.2763 USD Class A Accumulation 美元A类别累积份额US$美元14.734816.0715 USD Class A Distribution 美元A类别收息份额US$美元9.299810.6345 USD Class C Accumulation 美元C类别累积份额US$美元14.062115.2260 USD Class C Distribution 美元C类别收息份额US$美元9.565210.8585 USD Class I Accumulation 美元I类别累积份额US$美元14.580915.6751 USD Class I Distribution 美元I类别收息份额US$美元11.616513.0954 USD Class X Accumulation 美元X类别累积份额US$美元14.690016.0350 USD Class X Distribution 美元X类别收息份额US$美元13.961815.9684 AUD Hedged Class A Distribution 澳元对冲A类别收息份额AU$澳元8.58509.8985 AUD Hedged Class C Distribution 澳元对冲C类别收息份额AU$澳元8.838510.1137 RMB Hedged Class A Distribution 人民币对冲A类别收息份额RMB人民币87.5294100.4438 RMB Hedged Class M Accumulation人民币对冲M类别累积份额RMB人民币118.4884128.7037 GBP Hedged A Accumulation 英镑对冲A类别累积份额GBP英镑10.103611.2240 GBP Hedged A Distribution 英镑对冲A类别收息份额GBP英镑8.860710.2186 12. 非金钱收益的安排12. SOFT COMMISSION ARRANGEMENTS 截至二零二零年及二零一九年六月三十日止During the years ended 30th June 2020 年度内，基金管理人及关连人士并无与经纪and 2019, the Manager and its connected 订立与本基金有关资产交易之非金钱收益的persons did not enter into any soft 安排。commission arrangements with brokers in relation to dealings in the assets of the Fund. 127Schroder Asian Asset Income Fund Notes to the Financial 财务报表之附注 Statements 13. UNCOMMITTED BANK OVERDRAFT 13. 非承诺性的透支额度 FACILITIES The Fund had arranged revolving 本基金于香港上海汇丰银行有限公司（「汇 uncommitted overdraft facilities with the 丰」）安排非承诺性的透支额度透支额度。透 Hongkong and Shanghai Bank Corporation 支额度为美元12,500,000或本基金净资产百 Limited (“HSBC”). The overdraft facility 分之十（以最低为准）。美元及人民币透支金 amount is the lesser of US$12,500,000 or 额度须承担汇丰最优惠贷款利率加百分之零 10% of the net asset value of the Fund. 点六，加币，英镑，欧元，新加坡元，日 The overdraft balance shall bear interest 圆，新西兰元及澳元则为汇丰最优惠贷款利 at 0.6% above HSBC’s best lending rate for 率加百分之二；而港元则为汇丰最优惠贷款 USD and CNY; 2% over HSBC’s best lending 利率减百分之一点六二五。截至二零二零年 rate for CAD, GBP, EUR, SGD, JPY, NZD and 六月三十日，本基金没有就非承诺性的透支 AUD; 1.625% below HSBC’s best lending 额度2支付任何的利息。 rate for HKD. As at 30th June 2020 and 2019, there was no outstanding payable under the overdraft facility. 14. APPROVAL OF FINANCIAL STATEMENTS14. 财务报告之批准 The fnancial statements of the Fund were 本账目于二零二零年十月十九日由受托人及 approved by the Trustee and the Manager 基金管理人批准。 on 19th October 2020. 施罗德亚洲高息股债基金128 Investment Portfolio (Unaudited) 基金投资组合（未经审核） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of Country/TerritoryInvestmentsHoldings公允值net asset value 国家╱地区投资项目份额数目HK$ 港元占净资产百分比 LISTED EQUITIES 上市股票 AUSTRALIA 澳大利亚3,480,242,20511.85 AGL Energy Ltd Ord Npv1,531,258139,316,8450.47 ANZ Banking Group Ltd3,177,858316,090,3761.08 Ausnet Services Ord Npv65,153,996580,615,2061.98 Australian Stock Exchange Ltd276,015125,753,3930.43 BHP Group Ltd948,847181,364,6530.62 National Australia Bank Ltd3,309,222321,740,0711.09 Rio Tinto Limited Ord Npv328,699171,821,7100.58 Shopping Centres Australasia Property Group REIT Npv23,368,977271,848,5820.93 Spark Infrastructure Group Ord Npv33,472,994385,815,0711.31 Stockland20,224,412357,219,1851.22 Telstra Corporation Limited9,607,052160,459,4710.55 Transurban Group1,814,422136,807,9530.47 Vicinity Centres – REIT15,205,766116,031,3160.39 Westpac Banking Corporation2,248,363215,358,3730.73 HONG KONG 香港3,402,913,27411.58 China Construction Bank H Shs Ord CNY148,176,000302,063,5201.03 China Mobile Ltd6,401,000334,772,3001.14 China Petroleum and Chemical Corporation-H55,544,000179,407,1200.61 Fortune REIT Npv64,697,000450,938,0901.53 Hk Electric Investments – Ss97,801,677786,325,4832.68 HKBN Ltd Ord HKD0.00012,017,50027,357,3000.09 Hkt Trust & Hkt Ltd Ord HKD 0.000536,764,060416,904,4411.42 Industrial and Commercial Bank of China H Shs Ord CNY157,247,000269,060,9000.91 Link REIT3,007,300190,512,4550.65 Power Assets Holdings Ltd Ord HKD19,189,500387,337,4251.32 Sands China Ltd Ord USD0.011,915,60058,234,2400.20 INDIA 印度1,187,025,4304.04 Embassy Ofce Parks REIT2,869,200100,912,4160.34 India Grid Trust19,784,331205,258,9170.70 IRB Infrastructure12,625,00050,529,2690.17 ITC Ltd Ord INR1.0000000001,415,95128,291,8290.10 NTPC Ltd Ord INR10.00000000032,740,089321,961,3661.10 Power Grid Corp of India Ltd Ord INR10.00000000026,747,427480,071,6331.63 INDONESIA 印尼275,446,7830.94 Bank Mandiri Persero Tbk Pt Ord IDR25012,452,40033,442,9780.12 Telekomunikasi Indonesia Perse Ord IDR 50146,243,200242,003,8050.82 129Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of Country/TerritoryInvestmentsHoldings公允值net asset value 国家╱地区投资项目份额数目HK$ 港元占净资产百分比 LISTED EQUITIES (Continued) 上市股票（续） JAPAN 日本154,988,8160.53 Advance Residence Investment Corp REIT Npv3498,060,6910.03 AEON REIT Investment Corp REIT Npv1,37011,259,3270.04 Daiwa Ofce Investment Corp REIT Npv1536,561,9300.02 Daiwa Securities Living Inve REIT Ord Npv1,61311,634,1310.04 Frontier Real Estate Investment Corporation2365,772,9120.02 Fukuoka REIT Corp Ord Npv4364,109,4730.01 GLP J-REIT Npv1,56917,640,1850.06 Invesco Ofce J-REIT Inc REIT Npv8,2698,292,8590.03 Japan Excellent Inc REIT Npv8357,510,2890.02 Japan Hotel REIT Investment Ord Npv1,1313,615,6670.01 Kenedix Ofce Investment Corporation Ord Npv26711,527,9370.04 Lasalle Logiport REIT – REIT1,15313,766,5840.05 MCUBS Midcity Investment Corp – REIT2,10011,797,5520.04 Nippon Accommodations Fund Inc REIT1617,217,3260.02 Nomura Real Estate Master Fund – REIT1,15510,736,9790.04 Premier Investment Company Npv1,25510,792,0450.04 Sekisui House REIT Inc – REIT9444,692,9290.02 NEW ZEALAND 新西兰277,605,3520.94 Spark New Zealand Ltd Ord Npv12,201,658277,605,3520.94 SINGAPORE 新加坡3,527,372,15112.01 Ascendas Real Estate Investment Trust25,237,028444,461,9801.52 Capitaland Commercial Trust REIT Npv46,932,063440,649,7161.50 Capitaland Mall Trust9,432,700102,713,9050.35 Frasers Centrepoint Trust REIT Npv28,393,347364,389,3831.24 Mapletree Commercial Trust REIT Npv40,334,051432,480,2671.47 Mapletree Industrial Trust REIT Npv23,066,700367,793,8891.25 Mapletree Logistics Trust REIT Npv16,128,700173,835,4070.59 Mapletree North Asia Commercial REIT86,864,900446,398,9881.52 Oversea-Chinese Banking Corp Ltd Ord SGD0.5287,29714,365,1690.05 Singapore Telecommunications Ltd Ord Npv32,273,800441,085,0671.50 Soilbuild Business Space REIT31,976,23069,283,3710.24 Suntec REIT29,350,200229,915,0090.78 SOUTH KOREA 南韩399,706,1551.36 Hana Financial Holdings Ord Npv382,83966,603,2440.23 Lotte REIT Co Ltd Ord Npv2,459,73287,328,2660.30 Samsung Electronics Co Ltd Ord KRW100454,011154,459,8980.52 SK Telecom Company Limited67,16591,314,7470.31 施罗德亚洲高息股债基金130 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of Country/TerritoryInvestmentsHoldings公允值net asset value 国家╱地区投资项目份额数目HK$ 港元占净资产百分比 LISTED EQUITIES (Continued) 上市股票（续） TAIWAN 台湾364,806,1121.24 Novatek Microelectronics Corp Ltd6,091,000364,806,1121.24 THAILAND 泰国613,431,8862.09 Bangkok Bank Pcl Ord Nvdr THB102,016,00054,092,5370.18 Bangkok Bank Pcl Ord THB10 (Fr)837,00022,458,0620.08 Electricity Generating Pcl Ord Nvdr THB102,654,700164,427,8750.56 Intouch Holdings Pcl11,735,500165,533,9830.56 Land and Houses Pcl Ord Nvdr THB1108,573,700206,919,4290.71 UNLISTED INVESTMENT FUNDS 非上市投资基金 HONG KONG 香港1,404,521,2914.78 Schroder Umbrella Fund II – Schroder China Asset Income Fund – USD Class I Acc12,580,0431,404,521,2914.78 LUXEMBOURG 卢森堡1,154,314,1713.93 Schroder International Selection Fund – Asian Equity Yield USD Class I Acc2,649,901771,182,6382.63 Schroder International Selection Fund – Dynamic Indian Income Fund USD Class I Acc35,27027,676,5110.09 Schroder International Selection Fund – Emerging Multi Asset Income – USD Class I Acc453,755355,455,0221.21 131Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES 上市债务证券 HONG KONG DOLLAR 港元118,016,0000.40 Angang Steel Co Ltd (Reg) (Regs) 0% Conv 25May202318,000,00017,678,1600.06 China Evergrande Group (Reg S) 4.25% Conv 14Feb202356,000,00052,710,0000.18 Link 2019 Cb Ltd (Reg) (Reg S) 1.6% Conv 03Apr202412,000,00011,712,0000.04 Smart Insight Intl Ltd (Reg) (Reg S) 4.5% Conv 05Dec202332,000,00035,915,8400.12 RENMINBI 人民币15,900,0260.05 China Development Bank (Regs) 4.3% 02Aug20324,000,0004,867,1450.01 Petrochina Co Ltd Ser Mtn (Reg) 3.45% 12May2021(Interbank)10,000,00011,032,8810.04 UNITED STATES DOLLAR 美元11,441,261,09338.95 AAC Technologies Holding (Reg) (Reg S) 3% 27Nov202410,700,00081,828,5070.28 ABM Investama Tbk PT 7.125% 01Aug20229,140,00047,639,3030.16 ABQ Finance Ser Emtn (Reg) (Reg S) 3.125% 24Sep20242,500,00019,828,7510.07 Abu Dhabi Crude Oil Ser Regs (Reg) 4.6% 02Nov20472,500,00022,888,5320.08 Abu Dhabi Govt Int'L Ser Regs (Reg) (Reg S) 3.125% 16Apr20303,498,00029,794,7320.10 Abu Dhabi National Energ Ser Regs (Reg) (Reg S) 4.375% 23Apr20254,500,00038,938,9430.13 Aegea Finance Sarl Ser Regs (Reg) (Reg S) 5.75% 10Oct20244,299,00033,985,5680.12 AES Gener Sa Ser Regs (Reg) (Reg S) Var 26Mar20792,760,00022,227,1050.08 African Export-Import Ba Ser Regs (Reg S) 3.994% 21Sep20294,800,00036,771,9170.13 Agile Group Holdings Ltd (Reg) (Reg S) 8.5% 18Jul2021513,0004,135,0200.01 AI Candelaria Spain Ser Regs (Reg) (Regs) 7.5% 15Dec20285,000,00039,236,6530.13 AIA Group Ltd Ser Regs (Reg) (Reg S) 3.6% 09Apr20298,200,00070,036,7380.24 AIA Group Ltd Ser Regs (Reg) (Reg S) 3.9% 06Apr2028935,0008,084,8210.03 AIA Group Ltd Ser Regs (Regs) 4.5% 16Mar20465,500,00050,827,7220.17 施罗德亚洲高息股债基金132 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） AIA Group Ltd Ser Regs 4.875% 11Mar2044800,0007,905,4590.03 AKCB Finance Ltd (Reg) (Reg S) 4.75% 09Oct20235,030,00041,313,3230.14 Al Ahli Bank of Kuwai (Reg S) Var Perp 31Dec20496,500,00050,205,3810.17 Aldar Sukuk Ltd (Reg) (Reg S) 4.75% 29Sep20252,222,00018,526,8900.06 Alpha Holding Sa Ser Regs (Reg) (Regs) 10% 19Dec20221,600,00011,532,6700.04 Anton Oilfeld Serv Grp/ (Reg) (Reg S) 9.75% 05Dec20205,600,00039,269,2980.13 APL Realty Hldg Pte Ltd 5.95% 02Jun20244,991,00020,695,1350.07 Atento Luxco 1 Sa Ser Regs 6.125% 10Aug20225,896,00037,185,6520.13 Azure Power Energy Ltd Ser Regs (Regs) 5.5% 03Nov20224,200,00033,040,1680.11 Azure Power Solar Energy Ser Regs (Reg) (Reg S) 5.65% 24Dec20241,918,00015,018,5280.05 Baidu Inc (Reg) 3.075% 07Apr20252,013,00016,368,7190.06 Baidu Inc (Reg) 3.425% 07Apr20301,123,0009,379,3760.03 Banco Internac Del Peru Ser Regs (Reg) (Reg S) Var 08Jul20305,005,00038,791,0020.13 Bancolombia Sa (Reg) Var 18Dec20293,534,00025,963,6140.09 Bangkok Bank Pcl/HK Ser Regs (Reg) (Reg S) Var 25Sep203412,000,00089,054,5310.30 Bangkok Bank Pcl/HK Ser Regs (Reg) (Regs) 4.45% 19Sep20281,287,00011,447,7570.04 BBVA Banco Continental Ser Regs Var 22Sep20295,500,00045,676,4050.16 BHP Billiton Fin USA Ltd Ser Regs (Regs) Var 19Oct207512,800,000114,582,6530.39 Bj State-Owned Ast HK (Regs) 4.125% 26May202511,000,00092,501,6210.31 Bluestar Fin Holdings (Reg) (Reg S) Var Perp 31Dec20492,765,00021,590,7190.07 Braskem Netherlands Ser Regs (Reg) (Reg S) 4.5% 31Jan20306,275,00044,682,5550.15 Burgan Bank (Reg S) Var Perp 31Dec20497,765,00060,079,3330.20 Castle Peak Pwr Fin Co Ser Emtn (Reg) (Reg S) 2.2% 22Jun20302,863,00022,276,4100.08 CCCI Treasure Ltd Frn Perp 31Dec20499,976,00076,841,4340.26 133Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） CCTI 2017 Ltd (Reg) (Reg S) 3.625% 08Aug20226,000,00046,622,4440.16 CDBL Funding (Regs) 4.25% 02Dec202418,000,000151,715,0590.52 Celestial Dynasty Ltd (Reg S) 4.25% 27Jun20294,892,00037,856,4330.13 Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 4.25% 30Apr20291,500,00011,981,1420.04 Central Chn Real Estate (Reg) (Reg S) 6.875% 10Feb20213,394,00026,403,6710.09 Central Chn Real Estate (Reg) (Reg S) 7.25% 16Jul20242,000,00015,035,8730.05 Central Chn Real Estate (Reg) (Reg S) 7.65% 27Aug20233,854,00029,795,5590.10 CGNPC International Ltd Ser Regs (Reg) 4% 19May20254,600,00039,206,9380.13 CH OVS Grand Oce Finance (Reg) (Reg S) 4.875% 01Jun20211,845,00014,540,9570.05 Chalco HK Investment (Reg) (Reg S) Var Pepr 29Dec20494,500,00035,112,7940.12 China Aoyuan Group Ltd (Reg) (Reg S) 4.8% 18Feb20211,438,00011,131,2160.04 China Aoyuan Group Ltd (Reg) (Reg S) 6.35% 08Feb20246,890,00053,661,1950.18 China Aoyuan Group Ltd (Reg) (Reg S) 7.95% 19Feb20236,200,00050,155,1000.17 China Aoyuan Group Ltd (Reg) (Reg S) 8.5% 23Jan20225,000,00040,019,2550.14 China Cinda Finance 2015 Ser Regs 4.25% 23Apr20252,759,00023,432,4580.08 China Cinda Finance 2017 (Reg) (Regs) 4.1% 09Mar202415,000,000124,827,1980.42 China Cinda Finance 2017 Ser Emtn (Reg) (Regs) 3.875% 08Feb20234,000,00032,568,9410.11 China Construction Bank (Reg) (Reg S) Var 24Jun20306,033,00046,919,5480.16 China Construction Bank (Reg) (Reg S) Var 27Feb20296,000,00049,795,7890.17 China Evergrande Group (Reg) (Reg S) 11.5% 22Jan20232,815,00020,726,6410.07 China Evergrande Group (Reg) (Reg S) 12% 22Jan20241,976,00014,147,1290.05 China Evergrande Group (Reg) (Reg S) 7.5% 28Jun20231,500,0009,794,6310.03 施罗德亚洲高息股债基金134 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） China Evergrande Group (Reg) (Reg S) 8.25% 23Mar20221,500,00010,782,8140.04 China Hongqiao Group Ltd (Reg) (Reg S) 7.125% 22Jul20227,884,00056,521,7070.19 China Hongqiao Group Ltd (Reg) (Reg S) 7.375% 02May20231,000,0006,975,4050.02 China Life Insurance Co Var (Reg S) 03Jul207519,000,000147,260,0230.50 China Mengniu Dairy (Reg) (Reg S) 1.5% Conv 24Jun20232,600,00020,340,5910.07 China Oil and Gas Group (Reg) (Reg S) 5.5% 25Jan20236,607,00051,015,1960.17 China Oil and Gas Group 4.625% 20Apr2022900,0006,905,6510.02 China Resources Land Ltd Ser Emtn (Reg) (Reg S) 4.125% 26Feb20291,918,00016,615,8340.06 China Resources Land Ltd Ser Emtn (Reg) (Reg S) Var Perp 31Dec20495,232,00041,259,9860.14 China SCE Grp Hldgs Ltd (Reg) (Reg S) 7.25% 19Apr20237,000,00054,388,7830.19 China SCE Grp Hldgs Ltd (Reg) (Reg S) 7.45% 17Apr20213,000,00023,483,8630.08 China State Con Fin III (Reg) (Reg S) Var Perp 31Dec20491,943,00014,988,7230.05 Chn Aoyuan Property Grp (Reg) (Reg S) 7.95% 07Sep20211,481,00011,720,3810.04 Chn Clean Energy Develop (Reg) (Regs) 4% 05Nov20254,000,00034,007,7350.12 Cindai Capital Ltd (Reg) (Regs) 0% 08Feb20231,474,00011,288,5010.04 CITIC Ltd Ser Emtn (Reg) (Regs) 3.7% 14Jun20267,500,00063,522,1070.22 CK Hutchison Capit 17 Var Perp 31Dec20492,175,00016,983,6580.06 CK Hutchison Intl 17 Ltd Ser Regs (Reg) 3.5% 05Apr202715,000,000127,023,2880.43 CK Hutchison Intl 20 Ltd Ser Regs (Reg) (Reg S) 2.5% 08May20301,584,00012,594,5630.04 CK Hutchison Intl 20 Ltd Ser Regs (Reg) (Reg S) 3.375% 08May20501,764,00014,813,8530.05 CLP Power HK Financing Ser Emtn (Reg) (Reg S) 2.125% 30Jun20302,355,00018,234,3310.06 135Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） CLP Power HK Financing Ser Emtn (Reg) (Reg S) 2.5% 30Jun20353,516,00027,145,8040.09 CMT MTN Pte Ltd Ser Emtn (Reg S) (Br) 3.609% 04Apr20294,500,00036,980,8070.13 CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.5% 19Jul20224,000,00031,847,8390.11 CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.875% 19Jun202915,000,000126,140,8990.43 CNAC HK Finbridge Co Ltd (Reg) (Reg S) 4.75% 19Jun20496,542,00057,694,1810.20 CNOOC Finance 2011 Ltd Ser Regs 5.75Pct 26Jan20415,000,00054,194,6340.18 CNOOC Finance 2013 Ltd 3.3% 30Sep20494,017,00032,720,7000.11 CNOOC Finance 2014 Ulc 4.875% 30Apr20444,000,00041,073,2930.14 CNRC Capitale Ltd (Reg) (Regs) Var Perp 31Dec2049358,0002,798,9390.01 COSCO Pacifc Finance (Regs) 4.375% 31Jan20238,000,00064,166,2860.22 COSL Singapore Capital (Reg) (Reg S) 2.5% 24Jun20306,597,00050,656,0020.17 Country Garden Hldgs (Reg) (Reg S) 5.125% 14Jan20273,081,00024,117,9280.08 Country Garden Hldgs (Reg) (Reg S) 5.4% 27May20251,355,00010,961,3160.04 Country Garden Hldgs (Reg) (Regs) 5.125% 17Jan20252,491,00019,740,7640.07 CRCC Chengan Ltd (Reg) (Reg S) Var Perp 31Dec20494,800,00037,597,4330.13 Credito Real Sab De Cv Ser Regs (Reg) (Reg S) 9.5% 07Feb20262,500,00019,908,9680.07 CSSC Capital 2015 Ltd (Reg) (Reg S) 2.5% 13Feb20254,500,00034,608,6460.12 DBS Group Holdings Ltd Ser Gmtn (Reg) (Reg S) Var Perp 31Dec20494,373,00033,771,3820.12 EHI Car Services Ltd (Reg S) 5.875% 14Aug20222,249,00013,552,4170.05 Emaar Sukuk Ltd 3.635% 15Sep20261,500,00011,034,0440.04 Emaar Sukuk Ltd Ser Emtn (Reg) (Reg S) 3.875% 17Sep20294,202,00030,261,6200.10 Emirates Nbd Tier 1 (Regs) (Reg) 2014 Var Perp 17Dec20498,400,00065,022,4000.22 施罗德亚洲高息股债基金136 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Empresa De Transporte Me Ser Reg S (Reg) 5% 25Jan20474,300,00038,962,8530.13 Empresa De Transporte Me Ser Regs (Reg S) 3.65% 07May20301,272,00010,675,8830.04 Empresa De Transporte Me Ser Regs (Reg S) 4.7% 07May20502,305,00020,607,4520.07 Engie Energia Chile Sa Ser Regs (Reg) (Reg S) 3.4% 28Jan20303,189,00025,807,1950.09 Equate Petrochemical Bv 3% 3Mar20224,700,00036,880,2680.13 Equate Petrochemical Bv Ser Regs (Reg) (Regs) 4.25% 03Nov20262,905,00023,852,2260.08 Formosa Group Cayman Ltd (Reg) (Regs) 3.375% 22Apr202513,000,000107,556,8700.37 Gazprom Pjsc (Gaz Fn) Ser Regs (Reg S) 3.25% 25Feb20307,431,00058,241,5220.20 Gemdale Ever Prosperity (Reg) (Reg S) 6% 06Sep202110,257,00080,887,5520.28 Gnl Quintero Sa Ser Regs (Reg) (Regs) 4.634% 31Jul20293,900,00032,327,3780.11 Greenko Mauritius Ltd Ser Regs (Reg) (Reg S) 6.25% 21Feb20237,500,00058,419,0170.20 Greenko Solar Mauritius Ser Regs (Reg) (Reg S) 5.55% 29Jan20252,804,00021,460,6090.07 Greenland Glb Invst Ser Emtn (Reg) (Reg S) 6.25% 16Dec20225,268,00041,237,6640.14 Grupo Televisa Sab (Reg) 5.25% 24May20492,000,00018,043,9160.06 Gusap Iii Lp Ser Regs (Reg) (Reg S) 4.25% 21Jan20304,800,00036,745,7450.13 Haitong Intl Securities (Reg) (Reg S) 3.125% 18May20254,590,00036,493,1010.12 Health And Happiness H&H (Reg) (Reg S) 5.625% 24Oct20244,483,00035,527,0360.12 Hejun Shunze Investment (Reg) (Reg S) 11% 04Jun20226,884,00054,021,0240.18 Hejun Shunze Investment Ser Jul (Reg) (Reg S) 11% 04Jun20221,744,00013,601,3320.05 Hengjian Intl Invt Ltd (Reg) (Reg S) 1.875% 23Jun20251,276,0009,897,4360.03 Hidrovias Int Fin Sarl Ser Regs (Reg) (Reg S) 5.95% 24Jan20254,000,00029,839,2330.10 137Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） HKT Capital No 4 Ltd (Reg) (Regs) 3% 14Jul20264,000,00032,008,7380.11 Huarong Finance 2017 Co (Reg) (Reg S) Frn 27Apr202212,800,00098,103,0880.33 Huarong Finance 2017 Co Ser Emtn (Reg) (Regs) Frn 07Nov20227,000,00052,614,7050.18 Huarong Finance 2019 Ser Emtn (Reg S) 3.875% 13Nov20293,042,00024,170,7700.08 Huarong Finance 2019 Ser Emtn (Reg S) Frn 24Feb20253,515,00025,080,4320.09 Huarong Finance 2019 Ser Emtn (Regs) 4.5% 29May202910,000,00082,985,6180.28 Hyundai Capital America Ser Regs (Reg) (Reg S) 5.75% 06Apr202311,000,00093,398,6310.32 ICTSI Treasury 5.875% 17Sep20258,000,00067,007,9110.23 Iindonesia(Rep of) Ser Regs (Reg) (Reg S) 3.85% 18Jul20271,500,00012,609,3230.04 Indian Oil Corp Ltd (Reg) (Reg S) 4.75% 16Jan202414,000,000114,282,0900.39 Indian Oil Corp Ltd Ser Emtn (Reg S) 5.75% 01Aug20233,000,00025,113,0860.09 Indonesia (Rep of) (Reg) 3.4% 18Sep20296,000,00049,547,4880.17 Indonesia (Rep of) (Reg) 3.5% 11Jan20283,000,00024,756,7700.08 Indonesia (Rep of) 2.85% 14Feb203011,097,00088,201,2490.30 Indonesia (Rep of) 4.35% 08Jan20275,000,00043,137,0670.15 Indonesia (Rep of) Ser Regs (Regs) 4.75% 08Jan20265,500,00048,127,0590.16 Indonesia Asahan Alumini Ser Regs (Reg S) 4.75% 15May202510,000,00083,220,4570.28 Indonesia Asahan Alumini Ser Regs (Reg S) 5.45% 15May20303,109,00026,867,2060.09 Indonesia Asahan Alumini Ser Regs (Reg S) 5.8% 15May20502,079,00018,147,4750.06 Inkia Energy Ltd Ser Regs (Reg) (Regs) 5.875% 09Nov20273,354,00025,832,5400.09 International Container (Reg) (Reg S) 4.75% 17Jun20302,620,00020,509,2410.07 Israel (Govt of) (Reg) (Reg S) 3.8% 13May20604,610,00041,593,1550.14 JD.com Inc 3.375% 14Jan20301,757,00014,593,1970.05 JD.com Inc 4.125% 14Jan20505,500,00046,492,1670.16 施罗德亚洲高息股债基金138 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Kenbourne Invest Sa Ser Regs (Reg) (Reg S) 6.875% 26Nov20243,850,00030,212,2230.10 Kookmin Bank Ser Regs (Reg) (Reg S) 1.75% 04May20251,435,00011,428,1590.04 Lamar Funding Ltd Ser Regs (Reg) 3.958% 07May20257,200,00052,455,0460.18 Lenovo Group Ltd (Reg) (Reg S) 3.375% Conv 24Jan20248,641,00067,038,6100.23 Li & Fung Ltd Ser Emtn (Reg) (Reg S) 4.375% 04Oct20244,000,00030,547,0040.10 LLPL Capital Pte Ltd Ser Regs (Reg) 6.875% 04Feb20393,989,00032,617,7820.11 Longfor Holdings Ltd (Reg) (Reg S) 3.95% 16Sep20294,980,00040,237,6240.14 Longfor Properties 3.875% 13Jul20228,000,00064,035,4580.22 MAF Global Sec Var Perp 29Dec20497,366,00054,734,8600.19 MAF Global Secs Ltd (Ser Regs) (Reg) 4.75% 07May20244,700,00038,430,6060.13 Mdgh – Gmtn Bv Ser Regs (Reg S) 3.7% 07Nov20496,000,00049,260,2400.17 Medco Bell Pte Ltd Ser Regs (Reg) (Reg S) 6.375% 30Jan20271,515,0009,936,6100.03 Medco Oak Tree Pte Ltd Ser Regs (Reg) (Reg S) 7.375% 14May20264,023,00028,841,5560.10 Meglobal Canada Ulc Ser Regs (Reg S) 5% 18May20255,000,00041,900,8700.14 Meglobal Canada Ulc Ser Regs (Reg S) 5.875% 18May20302,398,00021,187,5600.07 Metropolitan Light Co Ser Regs (Reg) 5.5% 21Nov20229,596,00075,137,4300.26 MGM China Holdings Ltd Ser Regs (Reg S) 5.25% 18Jun20251,810,00014,357,9170.05 Millicom Intl Cellular Ser Regs (Reg) (Regs) 6% 15Mar20253,955,00031,515,1460.11 Millicom Intl Cellular Ser Regs (Reg) 6.625% 15Oct20267,494,00062,365,4100.21 Minejesa Capital Bv Ser Regs (Regs) 4.625% 10Aug20304,000,00031,610,8300.11 Minmetals Bounteous Fin (Reg) (Reg S) 4.2% 27Jul202610,000,00086,200,5050.29 Minmetals Bounteous Fina (Reg) (Regs) 4.75% 30Jul20253,200,00027,834,6560.09 139Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Nagacorp Ltd (Reg) (Reg S) 7.95% 06Jul20244,266,00032,650,1270.11 Nagacorp Ltd Ser Regs 9.375% 21May20213,200,00025,266,4670.09 NBK Tier 1 Financing 2 Ser Regs (Reg S) Var Perp 31Dec20495,700,00042,101,4400.14 Nomura Holdings Inc (Reg) 3.103% 16Jan20306,716,00054,194,1450.18 NWD Finance (BVI) (Reg S) (Reg) 5.75% Perp 29Dec20494,500,00034,354,9160.12 NWD Finance (BVI) Ltd (Reg) (Reg S) Var Perp 31Dec20494,815,00038,484,6170.13 Oil & Gas Holding Ser Regs (Regs) 7.5% 25Oct20273,500,00029,228,8850.10 Oil India International (Reg) (Reg S) 4% 21Apr20274,000,00031,099,1460.11 Oil India Ltd (Reg) (Regs) 5.375% 17Apr20247,000,00057,995,8040.20 OP Servicios Mega Ser Regs (Reg S) 8.25% 11Feb20257,585,00054,965,9980.19 Oversea-Chinese Banking Ser Regs 4.25% 19Jun20247,200,00060,813,4500.21 Overseas Chinese Town As (Reg) (Reg S) Var Perp 29Dec20499,000,00069,927,7380.24 OVPH Ltd (Reg) (Regs) 5.875% Perp 29Dec20495,750,00045,122,1510.15 PB International BV 7.625% 26Jan20222,302,00015,878,9670.05 Pertamina Persero Ser (Regs) 6.45% 30May20449,000,00089,197,9910.30 Pertamina Persero Ser Regs 5.625% 20May20435,000,00045,097,9310.15 Perusahaan Gas Negara Ser Regs 5.125% 16May20248,000,00065,065,0280.22 Perusahaan Listrik Negar 5.25% 15May20475,000,00043,693,1620.15 Perusahaan Listrik Negar Ser Regs (Reg S) 3% 30Jun20303,571,00027,469,2810.09 Perusahaan Listrik Negar Ser Regs (Reg S) 4% 30Jun20502,906,00022,213,1190.08 Perusahaan Listrik Negar Ser Regs (Reg) (Reg S) 4.875% 17Jul20492,028,00017,171,8200.06 施罗德亚洲高息股债基金140 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 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% 29Mar20278,000,00067,583,9240.23 Perusahaan Penerbit Sbsn Ser Regs (Reg) 4.45% 20Feb20299,000,00078,386,1140.27 Petrobras Global Finance (Reg) 6.9% 19Mar20494,350,00035,497,7330.12 Petrobras Global Finance 5.6% 03Jan20312,500,00019,473,0060.07 Petrobras Global Finance 6.75% 03Jun20504,700,00037,519,9280.13 Petrobras Global Finance 6.85% 05Jun21151,460,00011,386,3800.04 Petroleos Del Peru Sa Ser Regs (Reg) (Reg S) 4.75% 19Jun20324,300,00037,147,7680.13 Petronas Capital Ltd Ser Regs (Reg) (Reg S) 3.5% 21Apr20305,236,00045,107,5570.15 Petronas Capital Ltd Ser Regs (Reg) (Reg S) 4.55% 21Apr20504,975,00049,241,2920.17 Petronas Capital Ltd Ser Regs (Reg) (Reg S) 4.8% 21Apr2060408,0004,342,9030.01 Philippines (Rep of) (Reg) 2.457% 05May20302,479,00020,214,0260.07 PLDT Inc (Reg) (Reg S) 2.5% 23Jan20312,611,00020,583,0750.07 PLDT Inc (Reg) (Reg S) 3.45% 23Jun20503,900,00030,527,3600.10 Powerlong Real Estate (Reg S) 6.95% 23Jul20233,841,00030,067,1730.10 Powerlong Real Estate (Reg S) 9.125% 14Jan2021300,0002,374,5440.01 Powerlong Real Estate (Reg) (Reg S) 7.125% 08Nov20223,134,00024,684,6210.08 Powerlong Real Estate 5.95% 19Jul20207,222,00055,903,7830.19 Press Metal Labuan Ltd (Reg S) 4.8% 30Oct20221,955,00014,148,3010.05 PT Pertamina (Persero) Ser Regs (Reg S) 4.7% 30Jul20494,800,00040,207,9270.14 PT Pertamina (Persero) Ser Regs (Reg) (Reg S) 3.65% 30Jul20291,716,00013,952,1730.05 PTTEP Treasury Center Co Ser Regs (Reg S) 3.903% 06Dec20591,350,00011,135,2780.04 PTTEP Treasury Center Co Ser Regs (Reg) (Reg S) 2.993% 15Jan20306,500,00052,884,6300.18 QNB Finance Ltd Ser Emtn (Reg) (Reg S) 2.75% 12Feb20275,000,00039,669,1280.14 141Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Rede D’Or Finance Sarl Ser Regs (Reg) (Reg S) 4.5% 22Jan20302,600,00017,833,7850.06 Reliance Holdings Usa Inc Ser Regs 6.25Pct 19Oct20401,800,00018,301,3000.06 Reliance Industries Ltd Ser Regs 4.875% 10Feb20457,000,00062,039,0200.21 Renew Power Ltd Ser Regs (Reg) (Reg S) 6.45% 27Sep202210,000,00077,407,6190.26 Renew Power Synthetic Ser Regs (Reg) (Reg S) 6.67% 12Mar20244,893,00038,444,3920.13 Republic of Indonesia (Reg) 4.1% 24Apr20282,000,00017,224,9410.06 Republic of Indonesia (Reg) 5.35% 11Feb20494,000,00040,449,3040.14 Republic of Philippines (Reg) 3% 01Feb20287,500,00062,909,7240.21 Republic of Philippines (Reg) 3.75% 14Jan20294,400,00039,099,9830.13 Ronshine China (Reg) (Reg S) 10.5% 01Mar20224,586,00037,809,4660.13 Ronshine China (Reg) (Reg S) 11.25% 22Aug20211,555,00012,744,9370.04 Ronshine China (Reg) (Reg S) 7.35% 15Dec20233,000,00023,454,7990.08 Ronshine China (Reg) (Reg S) 8.1% 09Jun20231,000,0007,992,6520.03 Ronshine China (Reg) (Reg S) 8.75% 25Oct20222,000,00016,237,1930.06 Ronshine China (Reg) (Reg S) 8.95% 22Jan20237,600,00061,922,2200.21 Royal Capital Bv (Reg) (Reg S) Var Perp 29Dec204912,800,00097,841,6810.33 Rumo Luxembourg Sarl Ser Regs (Reg) (Reg S) 5.25% 10Jan20283,560,00027,591,6020.09 Santos Finance Ltd Ser Emtn (Br) (Reg S) 4.125% 14Sep202712,736,000101,177,4740.34 Scentre Group Trust 1/2 Ser Regs (Reg) (Reg S) 3.625% 28Jan20267,585,00061,564,8270.21 Scentre Group Trust 1/2 Ser Regs (Reg) (Reg S) 4.375% 28May20307,804,00066,821,8370.23 SD International Sukuk Ser Emtn (Reg) (Reg S) 6.3% 09May20224,543,00027,992,1840.10 施罗德亚洲高息股债基金142 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Senaat Sukuk Limited (Reg S) 4.76% 05Dec20252,625,00022,201,4060.08 Shenhua Overseas Capita (Reg) (Reg S) 3.875% 20Jan20253,039,00024,853,7770.08 Shimao Group Hldgs Ltd (Reg S) (Reg) 5.6% 15Jul20268,898,00072,842,7010.25 Shimao Group Hldgs Ltd 6.375% 15Oct20218,800,00070,932,1180.24 Shinhan Bank Ser Regs (Reg) (Reg S) 4% 23Apr20292,324,00020,005,2590.07 Shinhan Bank Ser Regs 3.875% 24Mar202616,000,000135,611,7940.46 Siam Commercial Bank Cay Ser Gmtn (Reg) (Reg S) 4.4% 11Feb20296,000,00053,245,5920.18 SIHC International Capital (Reg) (Reg S) 4.35% 26Sep20232,000,00016,659,0500.06 Sinochem Int Dev Pte Ltd (Reg) (Reg S) 3.125% 25Jul20224,500,00035,610,3140.12 Sinopec Grp Dev 2018 Ser Regs (Reg S) 2.15% 13May20254,075,00032,485,3650.11 Sinopec Grp Dev 2018 Ser Regs (Reg S) 2.7% 13May20308,674,00069,251,5200.24 Sinopec Grp Dev 2018 Ser Regs (Reg S) 3.44% 12Nov20499,977,00083,304,7570.28 Sinopec Grp Overseas Dev Ser Regs (Reg) (Regs) 4% 13Sep20472,000,00018,211,1550.06 Sinopec Grp Overseas Dev Ser Regs (Reg) (Regs) 4.25% 03May20464,000,00037,668,7370.13 Sinosing Serv P L (Reg) (Reg S) 2.625% 20Feb20303,301,00025,648,1960.09 SPIC Lux Latam Re Ener Ser 5Yr (Reg S) 4.65% 30Oct20232,900,00024,126,2910.08 Sri Rejeki Isman Tbk PT Ser Regs (Reg) (Reg S) 7.25% 16Jan20257,672,00055,893,7650.19 State of Qatar Ser Regs (Reg S) 3.75% 16Apr20303,663,00032,390,5320.11 State of Qatar Ser Regs (Reg S) 4.4% 16Apr20503,646,00034,850,2280.12 Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 2.75% 13May20305,000,00039,403,4820.13 Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 2.875% 21Jan20302,700,00021,470,7150.07 143Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 3.75% 25Feb20292,000,00016,966,0450.06 Sunac China Holdings Ltd (Reg) (Reg S) 7.35% 19Jul20213,000,00023,745,4410.08 Sunac China Holdings Ltd (Reg) (Reg S) 7.5% 01Feb20244,230,00032,948,3260.11 Swire Propert Mtn Fin Ser Emtn (Reg) (Reg S) 3.625% 13Jan20265,000,00041,704,7840.14 Tencent Holdings Ltd Ser Regs (Reg S) 1.81% 26Jan20261,600,00012,540,0050.04 Tencent Holdings Ltd Ser Regs (Reg S) 2.39% 03Jun20304,565,00035,642,7810.12 Tencent Holdings Ltd Ser Regs (Reg S) 3.24% 03Jun20502,567,00020,078,5420.07 Tencent Holdings Ltd Ser Regs (Reg) (Regs) 3.595% 19Jan202814,493,000122,221,6200.42 Three Gorges Fin I Ky (Reg S) 3.2% 16Oct20495,000,00040,548,9980.14 Times China Hldg Ltd (Reg) (Reg S) 6.75% 16Jul20231,140,0009,034,3120.03 Times China Hldg Ltd (Reg) (Reg S) 7.625% 21Feb20224,500,00035,923,3360.12 Times China Hldg Ltd 6.25% 17Jan20214,500,00035,095,0060.12 Towngas Finance Ltd (Reg) (Reg S) Var Perp 31Dec20499,200,00073,681,0640.25 Trust F/1401 Ser Regs (Reg) (Reg S) 4.869% 15Jan20304,235,00033,235,1360.11 Trust F/1401 Ser Regs (Reg) (Reg S) 6.39% 15Jan20505,510,00045,085,1840.15 United Overseas Bank Ltd Ser Emtn (Reg) (Reg S) Var Perp 31Dec20494,304,00034,184,5460.12 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.5% 12Nov20293,000,00024,073,5180.08 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.975% 09Nov20276,800,00056,222,3070.19 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 4.2% 07Jun20242,999,00024,782,3260.08 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 5.35% 11Mar20245,000,00042,821,2360.15 Vanke Real Estate HK Ser Emtn (Reg) (Reg S) Frn 25May20239,303,00071,126,8900.24 施罗德亚洲高息股债基金144 Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） VM Holding SA Ser Regs 5.375% 04May20274,800,00036,086,0950.12 Weibo Corp (Reg) 3.375% 08Jul20303,422,00026,346,1990.09 Weichai Intl Hk Energy (Reg) (Reg S) Var Perp 29Dec20497,000,00053,981,8840.18 Westwood Grp Hold Ltd Ser Emtn (Regs) 4.875% 19Apr20213,240,00025,502,8200.09 Yuzhou Properties Co Ltd (Reg) (Reg S) 6.375% 06Mar20215,000,00038,897,5710.13 Yuzhou Properties Co Ltd (Reg) (Reg S) 8.3% 27May20253,246,00025,000,7230.09 Yuzhou Properties Co Ltd (Reg) (Reg S) 8.375% 30Oct2024674,0005,315,2200.02 Zhenro Properties Group (Reg) (Reg S) 12.5% 02Jan2021925,0007,411,1260.03 Zhenro Properties Group (Reg) (Reg S) 7.875% 14Apr20242,500,00018,504,1990.06 Zhenro Properties Group (Reg) (Reg S) 8.3% 15Sep20234,666,00035,666,3500.12 Zhenro Properties Group (Reg) (Reg S) 8.65% 21Jan20235,914,00046,294,5230.16 Zhenro Properties Group (Reg) (Reg S) 9.15% 06May2023700,0005,533,8210.02 Zoomlion HK SPV Co Ltd Ser Regs 6.125% 20Dec20223,000,00023,803,5700.08 UNLISTED/QUOTED DEBT SECURITIES 非上市╱挂牌债务证券 UNITED STATES DOLLAR 美元330,537,0741.13 Alpha Holding Sa Ser Regs (Reg S) 9% 10Feb20258,175,00056,865,5360.19 Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 5.15% 29Jan20503,010,00023,303,8580.08 Commonwealth Bank Aust (Reg S) Var 20Oct20269,286,00073,096,6600.25 Embotelladora Andina Sa Ser Regs (Reg S) 3.95% 21Jan20504,705,00036,921,6900.13 Grupo Bimbo Sab De Cv Ser Regs (Reg) Var Perp 29Dec20497,850,00063,286,8420.22 Prumo Participacoes E In Ser 144A (Reg) 7.5% 31Dec20313,519,00024,592,6270.08 145Schroder Asian Asset Income Fund Investment Portfolio (Unaudited) (Continued) 基金投资组合（未经审核）（续） As at 30th June 2020 截至二零二零年六月三十日 Fair value% of CurrencyInvestmentsHoldings公允值net asset value 货币投资项目份额数目HK$ 港元占净资产百分比 UNLISTED/QUOTED DEBT SECURITIES (Continued) 非上市╱挂牌债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Prumo Participacoes E In Ser Regs (Reg) (Reg S) 7.5% 31Dec20317,508,00052,469,8610.18 TOTAL INVESTMENTS AT FAIR VALUE 投资总市值28,148,087,81995.82 OTHER NET ASSETS 其他净资产1,229,355,0824.18 NET ASSETS ATTRIBUTABLE TO UNITHOLDERS AS AT 30TH JUNE 2020 截至二零二零年六月三十日净资产29,377,442,901100.00 TOTAL INVESTMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS, AT COST 总投资及衍生金融工具以成本计28,945,941,276 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146 Investment Portfolio Movements (Unaudited) 投资组合变动（未经审核） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 Country/TerritoryInvestmentsAdditionsDisposalsBonus/Splits 国家╱地区投资项目增加减少红股╱分拆 LISTED EQUITIES 上市股票 AUSTRALIA 澳大利亚 AGL Energy Ltd Ord Npv–(457,157)– ANZ Banking Group Ltd828,008(646,901)– Ausnet Services Ord Npv4,034,000–– Australian Stock Exchange Ltd–(128,648)– BHP Group Ltd948,847–– National Australia Bank Ltd560,175(948,317)– Rio Tinto Limited Ord Npv328,699–– Shopping Centres Australasia Property Group REIT Npv4,980,936–– Spark Infrastructure Group Ord Npv4,748,596–– Stockland–(988,048)– Telstra Corporation Limited1,726,915(2,620,658)– Transurban Group–(1,299,647)– Westpac Banking Corporation211,698(1,095,585)– HONG KONG 香港 BOC Hong Kong Holdings Ltd Ord Npv–(10,170,500)– China Construction Bank H Shs Ord CNY1–(6,272,000)– China Mobile Ltd424,000(217,500)– China Yangtze Power Co Ltd Ord CNY1 Cc–(7,137,093)– CNOOC Ltd6,007,000(6,007,000)– HK Electric Investments – Ss19,864,000–– HKBN Ltd Ord HKD0.00012,017,500–– HKT Trust & HKT Ltd Ord HKD 0.00051,883,000(3,094,000)– HSBC Hldgs Plc–(2,992,000)– Industrial And Commercial Bank of China H Shs Ord CNY1–(16,101,000)– Link REIT–(4,336,200)185,000 Power Assets Holdings Ltd Ord HKD12,915,000–– Sands China Ltd Ord USD0.01–(6,288,800)– Sun Hung Kai Properties Ltd–(2,450,000)– INDIA 印度 Embassy Ofce Parks REIT2,869,200(1,499,200)– India Grid Trust19,784,331(19,784,331)– IRB Infrastructure12,625,000(12,625,000)– ITC Ltd Ord INR1.0000000001,415,951–– NTPC Ltd Ord INR10.00000000043,369,305(10,629,216)– Oil & Natural Gas Corp Ltd5,679,385(5,679,385)– Power Grid Corp of India Ltd Ord INR10.00000000032,689,744(9,385,756)– INDONESIA 印尼 Bank Mandiri Persero Tbk Pt Ord Idr25017,550,400(5,098,000)– Telekomunikasi Indonesia Perse Ord Idr 5017,644,500–– 147Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 Country/TerritoryInvestmentsAdditionsDisposalsBonus/Splits 国家╱地区投资项目增加减少红股╱分拆 LISTED EQUITIES (Continued) 上市股票（续） SINGAPORE 新加坡 Ascendas Real Estate Investment Trust5,879,328(17,388,100)– Ascendas Real Estate Np Rts (Nov2019)–(5,879,328)5,879,328 Capitaland Commercial Trust REIT Npv–(7,889,900)– Capitaland Mall Trust–(22,604,000)– Frasers Centrepoint Trust REIT Npv2,345,500(3,822,800)– Mapletree Commercial Tr Np Rts (Nov2019)–(4,686,295)4,686,295 Mapletree Commercial Trust REIT Npv4,686,295(30,356,400)– Mapletree Industrial Trust REIT Npv–(27,349,900)– Mapletree Logistics Trust REIT Npv16,128,700(14,560,900)– Mapletree North Asia Commercia REIT94,893,400(102,921,900)– Oversea-Chinese Banking Corp Ltd Ord SGD0.51,656,418(3,065,600)– Singapore Telecommunications Ltd Ord Npv32,273,800–– Soilbuild Business Space REIT31,976,230(31,976,230)– Suntec REIT29,350,200(29,350,200)– United Overseas Bank Ltd1,013,900(1,013,900)– SOUTH KOREA 南韩 Hana Financial Holdings Ord Npv382,839–– Lotte REIT Co Ltd Ord Npv2,459,732–– Orange Life Insurance Ltd Ord KRW1000–(485,923)– Samsung Electronics Co Ltd Ord KRW100454,011–– Shinhan Financial Group Company Limited–(257,506)257,506 SK Telecom Company Limited–(21,069)– TAIWAN 台湾 Novatek Microelectronics Corp Ltd–(643,000)– THAILAND 泰国 Bangkok Bank Pcl Ord THB10 (Fr)837,000–– Electricity Generating Pcl Ord Nvdr THB10–(3,047,900)– Intouch Holdings Pcl–(2,197,500)– UNLISTED EQUITIES 非上市股票 SINGAPORE 新加坡 SoilBUILD Business Space Rts Sep2019(5,755,721)(5,755,721)– LISTED INVESTMENT FUNDS 上市投资基金 LUXEMBOURG 卢森堡 Lyxor International Asset Management Sas-Lyxor China Entreprise ETF–(5,189,630)– 施罗德亚洲高息股债基金148 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 Country/Territory/CurrencyInvestmentsAdditionsDisposalsBonus/Splits 国家╱地区╱货币投资项目增加减少红股╱分拆 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 Acc2,548,754(734,614)– LUXEMBOURG 卢森堡 Schroder International Selection Fund – Asian Equity Yield USD Class I Acc2,703,226(53,325)– Schroder International Selection Fund – Emerging Multi Asset Income – USD Class I Acc15,053(404,549)– LISTED DEBT SECURITIES 上市债务证券 HONG KONG DOLLAR 港元 Angang Steel Co Ltd (Reg) (Regs) 0% Conv 25May202318,000,000–– China Evergrande Group (Reg S) 4.25% Conv 14Feb202366,000,000(10,000,000)– Link 2019 Cb Ltd (Reg) (Reg S) 1.6% Conv 03Apr202434,000,000(22,000,000)– Smart Insight Intl Ltd (Reg) (Reg S) 4.5% Conv 05Dec202360,000,000(28,000,000)– INDIAN RUPEE 印度卢比 India Government Bond 6.79% 15May2027–(80,000,000)– INDONESIAN RUPIAH 印尼盾 European Bk Recon & Dev Ser Emtn (Reg) (Regs) 6.45% 13Dec2022–(50,000,000,000)– Indonesia Government Ser Fr79 8.375% 15Apr203999,587,000,000(339,282,000,000)– Inter-American Devel Bk Ser Gdp (Reg) 7.875% 14Mar2023–(40,000,000,000)– Jasa Marga (Persero) Ser Regs (Reg) (Reg S) 7.5% 11Dec2020–(12,000,000,000)– PHILIPPINE PESO 菲律宾披索 Philippines (Rep of) 3.9% 26Nov2022–(44,000,000)– RENMINBI 人民币 Bank of China (Reg) (Regs) Var Perp 31Dec2049–(60,000,000)– 149Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR 美元 21Vianet Group Inc (Reg S) 7.875% 15Oct2021–(7,350,000)– AAC Technologies Holding (Reg) (Reg S) 3% 27Nov202410,935,000(235,000)– ABM Investama Tbk PT 7.125% 01Aug2022–(210,000)– ABQ Finance Ser Emtn (Reg) (Reg S) 3.125% 24Sep20246,419,000(3,919,000)– Abu Dhabi Crude Oil Ser Regs (Reg) 4.6% 02Nov2047–(2,800,000)– Abu Dhabi Govt Int'L Ser Regs (Reg S) 3.125% 30Sep20499,096,000(9,096,000)– Abu Dhabi Govt Int'L Ser Regs (Reg S) 3.875% 16Apr20503,404,000(3,404,000)– Abu Dhabi Govt Int'L Ser Regs (Reg) (Reg S) 3.125% 16Apr20303,498,000–– Abu Dhabi National Energ Ser Regs (Reg) (Reg S) 4% 03Oct20492,906,000(2,906,000)– Abu Dhabi National Energ Ser Regs (Reg) (Reg S) 4.375% 23Apr20255,340,000(840,000)– AC Energy Fin Intl Ltd (Reg) (Reg S) 5.65% Perp 31Dec204912,223,000(12,223,000)– Adani Electricity Mumbai Ser Regs (Reg) (Reg S) 3.949% 12Feb20305,857,000(5,857,000)– AES Gener Sa Ser Regs (Reg) (Reg S) Var 26Mar2079–(2,740,000)– African Export-Import Ba Ser Regs (Reg S) 3.994% 21Sep20294,800,000–– Agile Group Holdings Ltd (Reg) (Reg S) 8.5% 18Jul2021513,000–– AI Candelaria Spain Ser Regs (Reg) (Regs) 7.5% 15Dec20285,000,000–– AIA Group Ltd Ser Regs (Regs) 4.5% 16Mar20461,000,000–– Alam Synergy Pte Ltd (Reg S) 11.5% 22Apr2021–(2,837,000)– Alam Synergy Pte Ltd (Reg S) 6.625% 24Apr2022–(4,600,000)– Aldar Sukuk Ltd (Reg) (Reg S) 4.75% 29Sep20252,222,000–– Aldar Sukuk No 2 Ltd Ser Emtn (Reg) (Reg S) 3.875% 22Oct20294,030,000(4,030,000)– Alibaba Group Holding (Reg) 3.6% 28Nov2024–(16,000,000)– Alpha Holding Sa Ser Regs (Reg) (Regs) 10% 19Dec20221,600,000–– Anton Oilfeld Serv Grp/ (Reg) (Reg S) 7.5% 02Dec20227,097,000(7,097,000)– 施罗德亚洲高息股债基金150 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱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% 05Dec20205,600,000–– APL Realty Hldg Pte Ltd 5.95% 02Jun20245,300,000(309,000)– APT Pipelines Ltd Ser Regs (Regs) 4.2% 23Mar2025–(4,000,000)– Arab Republic of Egypt Ser Regs (Reg S) 5.75% 29May20242,813,000(2,813,000)– Arab Republic of Egypt Ser Regs (Reg S) 7.625% 29May20323,612,000(3,612,000)– Arab Republic of Egypt Ser Regs (Reg S) 8.875% 29May20502,655,000(2,655,000)– Asian Infrastructure Inv (Reg) 2.25% 16May2024–(9,703,000)– Atento Luxco 1 Sa Ser Regs 6.125% 10Aug20226,550,000(654,000)– Azure Power Energy Ltd Ser Regs (Regs) 5.5% 03Nov20224,200,000–– Azure Power Solar Energy Ser Regs (Reg) (Reg S) 5.65% 24Dec20241,918,000–– Bahrain (Kingdom of) Ser Regs 6% 19Sep20442,000,000(2,000,000)– Bahrain Mumtalakat Hold (Reg) (Reg S) 4% 25Nov2021–(5,000,000)– Baidu Inc (Reg) 3.075% 07Apr20254,026,000(2,013,000)– Baidu Inc (Reg) 3.425% 07Apr20302,246,000(1,123,000)– Banco Internac Del Peru Ser Regs (Reg) (Reg S) Var 08Jul20305,005,000–– Banco Mercantil De Norte (Ser Regs) (Reg) (Reg S) Var Perp 31Dec2049 (Usp1400Maa64)–(2,266,000)– Banco Mercantil De Norte (Ser Regs) (Reg) (Reg S) Var Perp 31Dec2049 (Usp1400Mab48)–(1,413,000)– Banco Nacional Comercio Ser Regs (Regs) 4.375% 14Oct2025–(4,400,000)– Bancolombia Sa (Reg) Var 18Dec20293,534,000–– Bangkok Bank Pcl/Hk Ser Regs (Reg) (Reg S) Var 25Sep203419,000,000(7,000,000)– Bangkok Bank Pcl/Hk Ser Regs (Reg) (Regs) 4.45% 19Sep20281,287,000–– Bank Mandiri Pt Ser Emtn (Reg) (Reg S) 4.75% 13May20254,257,000(4,257,000)– Bank of China Hong Kong Ser Regs (Reg) Var Perp 29Dec2049–(7,990,000)– Bank of China Ser Regs 5% 13Nov2024–(2,800,000)– Bayan Resources Tbk Pt Ser Regs (Reg) (Reg S) 6.125% 24Jan20233,695,000(3,695,000)– 151Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） BBVA Bancomer/Inst Banca (Reg S) (Reg) 6.5% 10Mar2021–(4,000,000)– Bharat Petroleum Corp Ser Emtn (Reg S) 4.375% 24Jan2022–(3,422,000)– Bharti Airtel Ltd Ser Regs (Reg) (Reg S) 1.5% Conv 17Feb20251,600,000(1,600,000)– Bharti Airtel Ltd Ser Regs 4.375% 10Jun20254,000,000(4,000,000)– Bluestar Fin Holdings (Reg) (Reg S) 3.375% 16Jul202410,500,000(10,500,000)– Bluestar Fin Holdings (Reg) (Reg S) Var Perp 29Dec20491,200,000(1,200,000)– Bluestar Fin Holdings (Reg) (Reg S) Var Perp 31Dec20492,765,000–– BOC Aviation Limited Ser Regs (Reg) 3.875% 27Apr2026–(14,000,000)– Braskem America Finance Ser Regs (Reg) 7.125% 22Jul20411,245,000(1,245,000)– Braskem Finance Ltd Ser Regs (Reg) (Reg S) 7.375% Perp 31Dec20495,526,000(5,526,000)– Braskem Netherlands Ser Regs (Reg) (Reg S) 4.5% 10Jan20283,000,000(3,000,000)– Braskem Netherlands Ser Regs (Reg) (Reg S) 4.5% 31Jan20306,275,000–– Braskem Netherlands Ser Regs (Reg) (Reg S) 5.875% 31Jan20504,970,000(4,970,000)– Bright Scholar Education (Reg) (Reg S) 7.45% 31Jul20223,868,000(3,868,000)– Burgan Bank (Reg S) Var Perp 31Dec20497,765,000–– Burgan Tier 1 Financing (Reg S) (Reg) Var Perp–(5,300,000)– Busan Bank Ser Gmtn (Reg) (Regs) 3.625% 25Jul2026–(2,000,000)– Castle Peak Pwr Fin Co Ser Emtn (Reg) (Reg S) 2.2% 22Jun20302,863,000–– Castle Peak Pwr Fin Co Ser Emtn (Reg) (Reg S) 3.25% 25Jul2027–(4,200,000)– CCCI Treasure Ltd Frn Perp 31Dec20499,976,000–– CCCI Treasure Ltd Reg (Regs) Var Perp 29Dec20493,000,000(12,000,000)– CCTI 2017 Ltd (Reg) (Reg S) 3.625% 08Aug2022–(4,400,000)– Celestial Dynasty Ltd (Reg S) 4.25% 27Jun2029–(4,731,000)– Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 4.25% 30Apr20291,500,000–– 施罗德亚洲高息股债基金152 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Cemex SAB de CV Ser Regs (Reg) (Reg S) 7.375% 05Jun20272,625,000(2,625,000)– Central Chn Real Estate (Reg) (Reg S) 6.875% 10Feb20213,394,000–– Central Chn Real Estate (Reg) (Reg S) 7.25% 16Jul20242,000,000–– Central Chn Real Estate (Reg) (Reg S) 7.65% 27Aug20233,854,000–– Central Plaza Dev Ltd (Reg) (Reg S) 3.875% 30Jan2021–(10,000,000)– Chalco HK Investment (Reg) (Reg S) Var Pepr 29Dec20494,500,000–– Chalieco Hong Kong Corp (Reg) (Reg S) Var Perp 31Dec20492,105,000(2,105,000)– Chalieco Hong Kong Corp Ser Regs (Reg) (Reg S) Var Perp 29Dec2049–(900,000)– China Aoyuan Group Ltd (Reg) (Reg S) 4.8% 18Feb20211,438,000–– China Aoyuan Group Ltd (Reg) (Reg S) 6.35% 08Feb20246,890,000–– China Aoyuan Group Ltd (Reg) (Reg S) 7.95% 19Feb2023200,000–– China Cinda Finance 2015 Ser Regs 4.25% 23Apr20252,759,000–– China Cinda Finance 2017 Ser Emtn (Reg) (Reg S) 4.75% 21Feb2029–(1,783,000)– China Cinda Finance 2017 Ser Emtn (Reg) (Regs) 4.375% 08Feb2025–(252,000)– China Construction Bank (Reg) (Reg S) Var 24Jun20306,033,000–– China Construction Bank (Reg) (Reg S) Var 27Feb2029–(2,000,000)– China Construction Bank (Regs) (Reg) Frn 13May2025–(14,000,000)– China Evergrande Group (Reg) (Reg S) 11.5% 22Jan20232,815,000–– China Evergrande Group (Reg) (Reg S) 12% 22Jan20245,454,000(3,478,000)– China Evergrande Group (Reg) (Reg S) 6.25% 28Jun2021–(4,500,000)– 153Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱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% 28Jun20231,500,000–– China Evergrande Group (Reg) (Reg S) 8.25% 23Mar20221,500,000–– China Grt Wall Intl III Ser Emtn (Reg) (Reg S) 3.875% 31Aug2027–(3,600,000)– China Hongqiao Group Ltd (Reg) (Reg S) 7.125% 22Jul20227,884,000–– China Hongqiao Group Ltd (Reg) (Reg S) 7.375% 02May20231,000,000–– China Life Insurance Co Var (Reg S) 03Jul20755,000,000–– China Mengniu Dairy (Reg S) (Reg) 4.25% 07Aug2023–(1,544,000)– China Mengniu Dairy (Reg) (Reg S) 1.5% Conv 24Jun20232,600,000–– China Mengniu Dairy (Reg) (Reg S) 1.875% 17Jun20254,910,000(4,910,000)– China Minmetals Corp (Reg) (Regs) Var Perp 29Dec2049–(7,000,000)– China Oil & Gas Group Ltd (Reg S) 5% 07May2020–(5,000,000)– China Oil and Gas Group (Reg) (Reg S) 5.5% 25Jan20236,607,000–– China Oversea Fin Ky III (Regs) (Reg) 5.375% 29Oct2023–(2,000,000)– China Resources Land Ltd (Ser Emtn) (Reg S) (Reg) 3.75% 26Aug2024–(1,289,000)– China Resources Land Ltd Ser Emtn (Reg) (Reg S) Var Perp 31Dec20495,232,000–– China SCE Grp Hldgs Ltd (Reg) (Reg S) 10% 02Jul2020–(2,000,000)– China Sce Grp Hldgs Ltd (Reg) (Reg S) 7.25% 19Apr20237,000,000–– China State Con Fin III (Reg) (Reg S) Var Perp 31Dec20491,943,000–– China Taiping Insu Var Perp 31Dec2049–(3,000,000)– Chinalco Capital Holding (Reg) (Reg S) Var Perp 31Dec20491,040,000(1,040,000)– Chn Aoyuan Property Grp 6.35% 11Jan2020–(3,900,000)– Chn Clean Energy Develop (Reg) (Regs) 4% 05Nov2025–(3,300,000)– 施罗德亚洲高息股债基金154 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） CIFI Holdings Group (Reg S) (Reg) 7 .625% 02Mar2021–(4,000,000)– CIFI Holdings Group (Reg S) (Reg) 7.75% 05Jun2020–(2,000,000)– CIFI Holdings Group (Reg S) 5.5% 23Jan2022–(3,000,000)– CIFI Holdings Group (Reg S) Var Perp–(10,000,000)– Cindai Capital Ltd (Reg) (Regs) 0% 08Feb20231,474,000(6,000,000)– CITIC Ser Emtn (Reg) (Reg S) 2.85% 25Feb20302,845,000(2,845,000)– CK Hutchison Capit 17 Var Perp 31Dec20492,175,000(800,000)– CK Hutchison Intl 19 II Ser Regs (Reg) (Reg S) 3.375% 06Sep20494,066,000(4,066,000)– CK Hutchison Intl 19 Ltd Ser Regs (Reg) (Reg S) 3.625% 11Apr2029–(4,000,000)– CK Hutchison Intl 20 Ltd Ser Regs (Reg) (Reg S) 2.5% 08May20301,584,000–– CK Hutchison Intl 20 Ltd Ser Regs (Reg) (Reg S) 3.375% 08May20501,764,000–– CLP Power HK Financing Ser Emtn (Reg) (Reg S) 2.125% 30Jun20302,355,000–– CLP Power HK Financing Ser Emtn (Reg) (Reg S) 2.5% 30Jun20353,516,000–– CMT MTN Pte Ltd Ser Emtn (Reg S) (Br) 3.609% 04Apr2029–(1,500,000)– CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.375% 19Jun2024–(6,527,000)– CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.5% 19Jul20224,000,000–– CNAC HK Finbridge Co Ltd (Reg) (Reg S) 3.875% 19Jun20297,600,000–– CNAC HK Finbridge Co Ltd (Reg) (Reg S) 4.75% 19Jun20493,500,000–– CNOOC Curtis Funding No.1 Ser Regs 4.5% 03Oct2023–(3,500,000)– CNOOC Finance 2013 Ltd 2.875% 30Sep20295,375,000(5,375,000)– CNOOC Finance 2013 Ltd 3.3% 30Sep20494,017,000–– CNOOC Finance 2015 US (Reg) 3.5% 05May2025–(12,000,000)– CNRC Capitale Ltd (Reg) (Regs) Var Perp 31Dec2049358,000(3,000,000)– Coca-Cola Femsa SAB CV (Reg) 2.75% 22Jan20302,715,000(2,715,000)– Codelco Inc 4.875% 04Nov2044–(3,400,000)– Colombia Telecomunicacio Ser Regs (Reg) (Reg S) Var Perp 31Dec2049–(4,500,000)– 155Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Compania Minera Milpo 4.625% 28Mar2023–(2,000,000)– COSCO Pacifc Finance (Regs) 4.375% 31Jan2023–(7,000,000)– COSL Singapore Capital (Reg) (Reg S) 2.5% 24Jun20306,597,000–– Country Garden Hldg Co (Reg) (Regs) 7.5% 09Mar2020–(15,000,000)– Country Garden Hldgs (Reg) (Reg S) 5.125% 14Jan20273,081,000–– Country Garden Hldgs (Reg) (Reg S) 5.4% 27May20251,355,000–– Country Garden Hldgs (Reg) (Reg S) 8% 27Jan2024–(3,000,000)– Country Garden Hldgs (Reg) (Regs) 5.125% 17Jan20252,491,000–– CRCC Chengan Ltd (Reg) (Reg S) Var Perp 31Dec20494,800,000–– CRCC Yupeng Ltd (Reg) (Reg S) Var Perp 28Feb2049–(7,000,000)– Credito Real SAB de CV Ser Regs (Reg) (Reg S) 9.5% 07Feb20262,500,000–– CSN Islands XI Corp Ser Regs (Reg) (Reg S) 6.75% 28Jan20283,600,000(3,600,000)– CSSC Capital 2015 Ltd (Reg) (Reg S) 2.5% 13Feb20254,500,000–– Cydsa SAB de CV Ser Dec (Reg) (Reg S) 6.25% 04Oct20272,483,000(2,483,000)– DBS Group Holdings Ltd Ser Gmtn (Reg) (Reg S) Var Perp 31Dec20494,373,000–– Dianjian Haixing Var Perp 29Oct2049–(14,000,000)– DIB Sukuk Ltd (Reg) (Reg S) 2.95% 16Jan20263,919,000(3,919,000)– DIFC Investments LLC (Reg S) 4.325% 12Nov2024–(5,600,000)– DP World Crescent Ltd (Ser Emtn) (R Eg S) 3.875% 18Jul202910,585,000(10,585,000)– DP World Crescent Ltd Ser Regs (Reg S) 4.7% 30Sep20495,200,000(5,200,000)– DP World Plc (Ser Jul) (Reg S) (Reg) 5.625% 25Sep20482,014,000(2,014,000)– DP World Plc Ser Regs 5.625% 25Sep20482,014,000(4,614,000)– Eastern Creation II Inve (Ser Emtn) (Reg S) (Reg) 2.8% 15Jul2022976,000(976,000)– Ecopetrol SA 6.875% 29Apr20303,995,000(3,995,000)– eHi Car Services Ltd (Reg S) 5.875% 14Aug2022–(1,751,000)– Emaar Sukuk Ltd 3.635% 15Sep20264,005,000(2,505,000)– 施罗德亚洲高息股债基金156 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Emaar Sukuk Ltd Ser Emtn (Reg) (Reg S) 3.875% 17Sep20294,202,000–– Emirates Nbd Pjsc (Reg) (Reg S) 3.25% 14Nov2022722,000(722,000)– Empresa De Transporte Me Ser Reg S (Reg) 5% 25Jan20472,468,000–– Empresa De Transporte Me Ser Regs (Reg S) 3.65% 07May20301,272,000–– Empresa De Transporte Me Ser Regs (Reg S) 4.7% 07May20502,305,000–– Engie Energia Chile Sa Ser Regs (Reg) (Reg S) 3.4% 28Jan20303,189,000–– ENN Energy Holdings Ltd 3.25% 24Jul2022–(2,200,000)– Equate Petrochemical Bv 3% 3Mar20224,700,000–– Equate Petrochemical Bv Ser Regs (Reg) (Regs) 4.25% 03Nov20262,905,000–– ESIC Sukuk Ltd Ser Emtn (Reg S) 3.939% 30Jul20246,916,000(6,916,000)– Export-Import Bank Korea (Reg) (Reg S) Frn 27Apr20231,180,000(1,180,000)– Export-Import Bank Korea 3.25% 10Nov20254,000,000(4,000,000)– Export-Import Bk India Ser Regs (Reg S) 3.25% 15Jan20307,383,000(7,383,000)– Fomento Economico Mex 3.5% 16Jan20506,605,000(6,605,000)– Formosa Group Cayman Ltd (Reg) (Regs) 3.375% 22Apr2025–(3,300,000)– Fufeng Group Ltd (Reg) (Reg S) 5.875% 28Aug2021–(5,800,000)– Future Retail Ltd Ser Regs (Reg) (Reg S) 5.6% 22Jan20253,095,000(3,095,000)– FWD Ltd (Reg S) (Reg) 6.25% Perp 29Dec2049–(600,000)– Gazprom Pjsc (Gaz Fn) Ser Regs (Reg S) 3.25% 25Feb203012,431,000(5,000,000)– GCL New Energy Holdings (Reg) (Reg S) 7.1% 30Jan20212,000,000(2,500,000)– Gemdale Ever Prosperity (Reg) (Reg S) 6% 06Sep20211,000,000(1,000,000)– Golden Eagle Retail Group Ser Regs 4.625% 21May20231,200,000(1,200,000)– Golden Legacy 8.25% 07Jun2021–(1,774,000)– Golden Legacy Pte Ltd Ser Regs (Reg) 6.875% 27Mar2024–(3,000,000)– Goodman HK Finance Ser Emtn (Regs) (Reg) 4.375% 19Jun2024–(9,000,000)– 157Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 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% 21Feb20237,500,000–– Greenko Solar Mauritius Ser Regs (Reg) (Reg S) 5.55% 29Jan20255,406,000(2,602,000)– Greenko Solar Mauritius Ser Regs (Reg) (Reg S) 5.95% 29Jul20263,496,000(3,496,000)– Greenland Glb Invst Ser Emtn (Reg) (Reg S) 6.25% 16Dec20225,268,000–– Grupo Bimbo SAB de CV Ser Regs (Reg) (Reg S) 4% 06Sep20494,900,000(4,900,000)– Grupo Televisa Sab (Reg) 5.25% 24May20492,000,000–– Gusap III Lp Ser Regs (Reg) (Reg S) 4.25% 21Jan20305,910,000(1,110,000)– Haitong Intl Securities (Reg) (Reg S) 3.125% 18May20254,590,000–– Hana Bank Ser Regs 4.375% 30Sep2024–(10,500,000)– Health and Happiness H&H (Reg) (Reg S) 5.625% 24Oct20244,483,000–– Hejun Shunze Investment (Reg) (Reg S) 11% 04Jun20226,884,000–– Hejun Shunze Investment Ser Jul (Reg) (Reg S) 11% 04Jun20221,744,000–– Henderson Land Mtn Ltd Ser Emtn (Reg) (Reg S) 2.375% 27May2025699,000(699,000)– Hengjian Intl Invt Ltd (Reg) (Reg S) 1.875% 23Jun20251,276,000–– Hilong Holding Ltd (Reg) (Reg S) 7.25% 22Jun2020–(13,500,000)– Hilong Holding Ltd (Reg) (Reg S) 8.25% 26Sep202210,857,000(10,857,000)– HKT Capital No 2 Ltd Ser Regs (Reg) 3.625% 02Apr2025–(11,000,000)– HKT Capital No 4 Ltd (Reg) (Regs) 3% 14Jul2026–(5,000,000)– HLP Finance Ltd Ser Emtn (Reg S) 4.75% 25Jun2022–(9,000,000)– Hongkong Land Finance Ser Emtn (Reg) (Reg S) 2.875% 27May20303,072,000(3,072,000)– HPCL-Mittal Energy Ltd Ser Emtn (Reg S) 5.45% 22Oct20261,525,000(1,525,000)– Huaneng HK Capitl Ltd Var Perp 29Dec2049–(3,300,000)– Huarong Finance 2017 Co (Reg) (Reg S) Frn 27Apr20223,800,000–– 施罗德亚洲高息股债基金158 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Huarong Finance 2019 Ser Emtn (Reg S) 3.875% 13Nov20293,042,000–– Huarong Finance 2019 Ser Emtn (Reg S) Frn 24Feb20253,515,000–– Huarong Finance 2019 Ser Emtn (Regs) 4.5% 29May202910,000,000–– Huayi Finance I Ltd (Reg) (Reg S) 3% 30Oct2024868,000(868,000)– Hutch Whampoa Int 14 3.625% 31Oct2024–(10,000,000)– Hyundai Capital America Ser Regs (Reg S) 2.85% 01Nov20223,561,000(3,561,000)– Hyundai Capital America Ser Regs (Reg S) 3.5% 02Nov20265,039,000(5,039,000)– Hyundai Capital America Ser Regs (Reg) (Reg S) 5.75% 06Apr202311,000,000–– Hyundai Capital America Ser Regs (Reg) (Reg S) 5.875% 07Apr202511,000,000(11,000,000)– Hyundai Capital America Ser Regs (Reg) (Reg S) 6.375% 08Apr203011,000,000(11,000,000)– IFC Development Corp Trs (Reg S) (R Eg) 3.625% 17Apr2029–(3,000,000)– Iindonesia(Rep of) Ser Regs (Reg) (Reg S) 3.85% 18Jul2027–(1,500,000)– Ind & Comm Bk of China (Reg S) (Reg) Var 10Sep2024–(7,000,000)– Indian Oil Corp Ltd Ser Emtn (Reg S) 5.75% 01Aug20233,000,000–– Indika Energy III Pte Ser Regs (Reg) 5.875% 09Nov2024–(3,934,000)– Indonesia (Rep of) (Reg) 3.4% 18Sep20298,000,000(2,000,000)– Indonesia (Rep of) 2.85% 14Feb203022,194,000(11,097,000)– Indonesia (Rep of) Ser Regs (Regs) 4.75% 08Jan2026–(1,500,000)– Indonesia Asahan Alumini Ser Regs (Reg S) 4.75% 15May202510,000,000–– Indonesia Asahan Alumini Ser Regs (Reg S) 5.45% 15May20303,109,000–– Indonesia Asahan Alumini Ser Regs (Reg S) 5.8% 15May20502,079,000–– Indonesia Asahan Alumini Ser Regs (Reg S) 6.53% 15Nov2028–(2,437,000)– Indonesia Asahan Alumini Ser Regs 5.71% 15Nov2023–(3,497,000)– 159Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） International Container (Reg) (Reg S) 4.75% 17Jun20302,620,000–– Israel (Govt of) (Reg) (Reg S) 3.8% 13May20604,610,000–– Israel (Govt of) 2.75% 03Jul20301,970,000(1,970,000)– Israel (Govt of) 3.875% 03Jul20501,295,000(1,295,000)– Israel (Govt of) 4.5% 03Apr21201,295,000(1,295,000)– Itau Unibanco Hldg Sa/Ky Ser Regs (Reg) (Reg S) 4.625% Perp 31Dec20493,065,000(3,065,000)– JBS Investments II Gmbh Ser Regs (Reg) (Reg S) 5.75% 15Jan20286,450,000(6,450,000)– JD.com Inc 3.375% 14Jan20301,757,000–– JD.com Inc 4.125% 14Jan20506,521,000(1,021,000)– Joyous Glory Group Ltd Ser Gmtn (Reg) (Reg S) 5.7% 7Mar2020–(15,300,000)– Kasikornbank Pcl HK Ser Emtn (Reg) (Reg S) Var 02Oct20318,000,000(8,000,000)– Keb Hana Bank (Reg) (Regs) 4.25% 14Oct2024–(16,000,000)– Kenbourne Invest Sa Ser Regs (Reg) (Reg S) 6.875% 26Nov20243,850,000–– Kookmin Bank Ser Regs (Reg) (Reg S) 1.75% 04May20251,435,000–– Kuwait Projects Co Spc L (Reg) (Reg S) 4.229% 29Oct20265,100,000(5,100,000)– Kuwait Projects Co Spc L (Reg) (Reg S) 4.5% 23Feb2027–(7,791,000)– Lamar Funding Ltd Ser Regs (Reg) 3.958% 07May20257,200,000–– Lenovo Group Ltd (Reg) (Reg S) 3.375% Conv 24Jan20248,641,000–– Li & Fung Ltd Ser Emtn (Reg) (Reg S) 4.375% 04Oct20245,500,000(1,500,000)– Link Finance Cayman 2009 Ser Emtn (Reg) (Regs) 3.6% 03Sep2024–(6,000,000)– LLPL Capital Pte Ltd Ser Regs (Reg) 6.875% 04Feb20393,989,000(3,989,000)– Logan Property Holdings (Reg S) (Re G) 7.5% 25Aug2022–(4,200,000)– Logan Property Holdings (Reg S) 6.375% 07Mar2021–(3,750,000)– Longfor Holdings Ltd (Reg) (Reg S) 3.95% 16Sep20294,980,000–– MAF Global Sec Var Perp 29Dec20497,366,000–– 施罗德亚洲高息股债基金160 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） MAF Global Secs Ltd (Ser Regs) (Reg) 4.75% 07May20244,700,000–– MAF Sukuk Ltd (Reg) (Reg S) 4.638% 14May2029–(7,000,000)– MDGH – Gmtn B.V. 2.875% 21May2030860,000(860,000)– MDGH – Gmtn Bv Ser Regs (Reg S) 3.7% 07Nov20497,036,000(1,036,000)– MDGH – Gmtn Bv Ser Regs (Reg) (Reg S) 2.5% 07Nov20245,700,000(5,700,000)– Medco Bell Pte Ltd Ser Regs (Reg) (Reg S) 6.375% 30Jan20274,084,000(2,569,000)– Medco Straits Serv Ptd Ser Regs (Reg) (Reg S) 8.5% 17Aug2022–(4,000,000)– Megaworld Corp (Reg) (Regs) 4.25% 17Apr2023–(4,300,000)– Meglobal Canada Ulc Ser Regs (Reg S) 5% 18May20255,000,000–– Meglobal Canada Ulc Ser Regs (Reg S) 5.875% 18May20302,398,000–– Melco Resorts Finance Ser Regs (Reg) (Reg S) 5.375% 04Dec20296,008,000(6,008,000)– Metropolitan Light Co Ser Regs (Reg) 5.5% 21Nov20225,400,000(2,404,000)– Mexichem SAB de CV Ser Regs (Reg) 5.875% 17Sep2044–(4,600,000)– Mexico (Utd States of) (Reg) 4.5% 31Jan20505,110,000(5,110,000)– Mexico Generadora De Ene Ser (Reg S) 5.5% 06Dec2032–(300,000)– MGM China Holdings Ltd (Ser Regs) (Reg) 5.875% 15May20263,000,000(10,000,000)– MGM China Holdings Ltd Ser Regs (Reg S) 5.25% 18Jun20251,810,000–– MGM China Holdings Ltd Ser Regs (Reg) (Reg S) 5.375% 15May2024–(2,083,000)– Millicom Intl Cellular (Ser Regs) (Reg S) (Reg) 6.25% 25Mar2029–(1,829,000)– Millicom Intl Cellular Ser Regs (Reg) (Regs) 6% 15Mar20253,955,000–– Millicom Intl Cellular Ser Regs (Reg) 6.625% 15Oct20267,494,000–– Minejesa Capital Bv Ser Regs (Regs) 4.625% 10Aug20304,000,000–– Minor International Pcl (Reg) (Reg S) Var Perp 31Dec20491,940,000(1,940,000)– 161Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Mizuho Financial Group (Reg) Frn 13Sep20232,675,000(2,675,000)– Mizuho Financial Group (Reg) Frn 16Jul20231,000,000(1,000,000)– Modernland Overseas Pte (Reg S) 6.95% 13Apr2024–(5,500,000)– Mong Duong Fin Hldgs Bv Ser Regs (Reg) (Reg S) 5.125% 07May20294,236,000(4,236,000)– Mumtalakat Sukuk Holding (Reg) (Reg S) 4.1% 21Jan20275,106,000(5,106,000)– Nagacorp Ltd (Reg) (Reg S) 7.95% 06Jul20244,266,000–– Nagacorp Ltd Ser Regs 9.375% 21May2021–(1,800,000)– NBK Tier 1 Financing 2 Ser Regs (Reg S) Var Perp 31Dec20495,953,000(253,000)– New World Development Company (Reg S) 5.25% 26Feb2021–(7,300,000)– Newcrest Finance Pty Ltd Ser Regs (Reg) 5.75% 15Nov2041–(4,863,000)– Newcrest Finance Pty Ser Regs Ltd 4.2% 01Oct2022–(5,000,000)– Nippon Life Insurance Ser Regs (Reg S) Var 23Jan20501,272,000(1,272,000)– Nomura Holdings Inc (Reg) 3.103% 16Jan20308,846,000(2,130,000)– NTPC Ltd 5.625% 14Jul2021 Emtn2,500,000(2,500,000)– NTPC Ltd Ser Emtn (Reg S) 3.75% 03Apr2024–(2,590,000)– NWD Finance (BVI) (Reg S) (Reg) 5.75% Perp 29Dec20494,500,000(11,600,000)– NWD Finance (BVI) Ltd (Reg) (Reg S) Var Perp 31Dec20494,815,000–– NWD Mtn Ltd (Reg S) (Reg) 4.125% 18 Jul20295,540,000(5,540,000)– Oil & Gas Holding Ser Regs (Regs) 7.5% 25Oct20273,500,000–– Oil India Ltd (Reg) (Reg S) 5.125% 04Feb2029–(4,670,000)– Oman (Govt of) Ser Regs (Reg) (Reg S) 6% 01Aug20295,570,000(5,570,000)– ONGC Videsh Ltd Ser Regs 4.625% 15Jul2024–(5,000,000)– Op Servicios Mega Ser Regs (Reg S) 8.25% 11Feb20257,585,000–– Oversea-Chinese Banking Ser Regs 4.25% 19Jun20247,200,000(12,000,000)– OVPH Ltd (Reg) (Regs) 5.875% Perp 29Dec20495,750,000–– Panasonic Corp (Ser Regs) (Reg S) 3.113% 19Jul20292,592,000(2,592,000)– PB International BV 7.625% 26Jan2022–(489,000)– 施罗德亚洲高息股债基金162 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） PCCW Capital N04 Ltd Ser Regs 5.75% 17Apr2022–(1,500,000)– Pertamina Persero Ser (Regs) 6.45% 30May20444,000,000–– Pertamina Persero Ser Regs 5.625% 20May20435,000,000–– Peru (Rep of) (Reg) 2.392% 23Jan20262,125,000(2,125,000)– Perusahaan Gas Negara Ser Regs 5.125% 16May2024–(3,000,000)– Perusahaan Listrik Negar 5.25% 15May20475,000,000–– Perusahaan Listrik Negar Ser Regs (Reg S) 3% 30Jun20303,571,000–– Perusahaan Listrik Negar Ser Regs (Reg S) 4% 30Jun20502,906,000–– Perusahaan Listrik Negar Ser Regs (Reg S) 4.375% 05Feb20507,433,000(7,433,000)– Perusahaan Listrik Negar Ser Regs (Reg) (Reg S) 4.875% 17Jul20492,028,000–– Perusahaan Penerbit Sbsn Indonesia III (Reg S) (Reg) 4.55% 29Mar2026–(1,538,000)– Perusahaan Penerbit Sbsn Ser Regs (Reg) 4.45% 20Feb20294,000,000–– Petrobras Global Finance (Reg) 6.9% 19Mar20494,350,000–– Petrobras Global Finance 5.6% 03Jan20312,500,000–– Petrobras Global Finance 6.75% 03Jun20504,700,000–– Petrobras Global Finance 6.85% 05Jun21151,460,000–– Petroleos Del Peru Sa Ser Regs (Reg) (Reg S) 4.75% 19Jun20324,300,000–– Petroleos Del Peru Sa Ser Regs (Reg) (Reg S) 5.625% 19Jun2047–(6,970,000)– Petronas Capital Ltd Ser Regs (Reg) (Reg S) 3.5% 21Apr20305,236,000–– Petronas Capital Ltd Ser Regs (Reg) (Reg S) 4.55% 21Apr20506,625,000(1,650,000)– Petronas Capital Ltd Ser Regs (Reg) (Reg S) 4.8% 21Apr2060408,000–– Philippines (Rep of) (Reg) 2.457% 05May20302,479,000–– Phoenix Lead Ltd 4.85% Perp 29Dec2049–(1,000,000)– PLDT Inc (Reg) (Reg S) 2.5% 23Jan20312,611,000–– PLDT Inc (Reg) (Reg S) 3.45% 23Jun20503,900,000–– POSCO Ser Regs 4% 01Aug20232,500,000(2,500,000)– Poseidon Finance 1 Ltd (Reg) (Reg S) 0% Conv 01Feb2025–(6,000,000)– Powerlong Real Estate (Reg S) 6.95% 23Jul20233,841,000–– 163Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Powerlong Real Estate (Reg S) 9.125% 14Jan2021300,000–– Powerlong Real Estate (Reg) (Reg S) 7.125% 08Nov20223,134,000–– Press Metal Labuan Ltd (Reg S) 4.8% 30Oct2022–(4,545,000)– PSA Treasury Pte Ltd Ser Gmtn (Reg) (Reg S) 2.125% 05Sep20294,699,000(4,699,000)– PSA Treasury Pte Ltd Ser Gmtn (Reg) (Reg S) 2.25% 30Apr20303,300,000(3,300,000)– PT Bank Tabungan Negara (Reg) (Reg S) 4.2% 23Jan20251,746,000(1,746,000)– PT Pertamina (Persero) Ser Regs (Reg S) 3.1% 25Aug20303,396,000(3,396,000)– PT Pertamina (Persero) Ser Regs (Reg S) 4.175% 21Jan20504,028,000(4,028,000)– PT Pertamina (Persero) Ser Regs (Reg S) 4.7% 30Jul20494,800,000–– PT Pertamina (Persero) Ser Regs (Reg) (Reg S) 3.65% 30Jul20291,716,000–– PTTEP Treasury Center Co Ser Regs (Reg S) 2.587% 10Jun20271,108,000(1,108,000)– PTTEP Treasury Center Co Ser Regs (Reg S) 3.903% 06Dec20591,350,000–– PTTEP Treasury Center Co Ser Regs (Reg) (Reg S) 2.993% 15Jan20306,500,000–– QNB Finance Ltd Ser Emtn (Reg) (Reg S) 2.75% 12Feb20275,000,000–– QNB Finance Ltd Ser Emtn (Reg) (Reg S) Frn 02May20222,200,000(2,200,000)– Qnb Finance Ltd Ser Emtn (Reg) (Regs) 2.125% 07Sep20212,500,000(2,500,000)– Rakuten Inc (Reg) (Reg S) 3.546% 27Nov20244,643,000(4,643,000)– Rede D’Or Finance Sarl Ser Regs (Reg) (Reg S) 4.5% 22Jan20302,600,000–– Reliance Holdings USA Inc Ser Regs 6.25Pct 19Oct20401,800,000–– Reliance Industries Ltd Ser Regs (Reg) (Reg S) 3.667% 30Nov20278,500,000(8,500,000)– Renew Power Ltd Ser Regs (Reg) (Reg S) 6.45% 27Sep202210,000,000–– Renew Power Pvt Ltd Ser Regs (Reg) (Reg S) 5.875% 05Mar20272,466,000(2,466,000)– 施罗德亚洲高息股债基金164 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 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–(4,107,000)– Republic of Indonesia (Reg) 4.1% 24Apr20282,000,000–– Republic of Indonesia (Reg) 5.35% 11Feb20494,000,000(8,500,000)– Republic of Philippines (Reg) 3% 01Feb202817,000,000(26,500,000)– Republic of Philippines (Reg) 3.75% 14Jan2029–(1,509,000)– Republic of Sri Lanka Ser Regs (Reg) (Reg S) 6.85% 14Mar2024–(6,000,000)– Republic of Sri Lanka Ser Regs (Reg) (Reg S) 7.85% 14Mar2029–(16,000,000)– Ronshine China (Reg) (Reg S) 7.35% 15Dec20233,000,000–– Ronshine China (Reg) (Reg S) 8.1% 09Jun20231,000,000–– Ronshine China (Reg) (Reg S) 8.95% 22Jan20237,600,000–– Rumo Luxembourg Sarl Ser Regs (Reg) (Reg S) 5.25% 10Jan20283,560,000–– SABIC Capital II Bv Ser Regs (Reg) (Reg S) 4% 10Oct20234,704,000(4,704,000)– Saka Energi Indonesia Pt Ser Regs (Reg) (Reg S) 4.45% 05May2024–(5,400,000)– Samba Funding Ltd (Reg) (Reg S) 2.75% 02Oct20245,483,000(5,483,000)– Sands China Ltd Ser Wi (Reg) 5.4% 08Aug2028Wi17,180,000(34,360,000)– Saudi Arabian Oil Co (Ser Regs) (Re G S) (Reg) 4.375% 16Apr20493,200,000(3,200,000)– Saudi International Bond Ser Regs (Reg) (Reg S) 2.9% 22Oct20253,688,000(3,688,000)– Saudi International Bond (Ser Regs) (Reg S) (Reg) 5.25% 16Jan20503,200,000(3,200,000)– Scentre Group Trust 1/2 Ser Regs (Reg) (Reg S) 3.625% 28Jan20267,585,000–– Scentre Group Trust 1/2 Ser Regs (Reg) (Reg S) 4.375% 28May20307,804,000–– SD International Sukuk Ser Emtn (Reg) (Reg S) 6.3% 09May20223,000,000(1,457,000)– Senaat Sukuk Limited (Reg S) 4.76% 05Dec20254,125,000(1,500,000)– SF Holding Investment (Reg) (Reg S) 2.875% 20Feb20302,601,000(2,601,000)– Shanghai Elc Grp Glb Inv (Reg) (Reg S) 2.65% 21Nov20243,025,000(3,025,000)– Shanghai Port Group BVI (Reg) (Reg S) 0% Conv 09Aug2022–(5,000,000)– 165Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Shanghai Port Group BVI (Reg) (Reg S) 3.375% 18Jun2029–(561,000)– Shanghai Port Grp Dev Co (Reg) (Reg S) 2.4% 11Sep2024656,000(656,000)– Shanghai Port Grp Dev Co (Reg) (Reg S) 2.85% 11Sep20295,000,000(5,000,000)– Shenhua Overseas Capita (Reg) (Reg S) 3.875% 20Jan20253,039,000–– Shimao Group Hldgs Ltd (Reg S) (Reg) 5.6% 15Jul20268,898,000–– Shimao Property Hldgs (Reg S) (Reg) 6.125% 21Feb2024–(3,000,000)– Shinhan Bank (Reg S) (Reg) Regs Frn 24Apr20257,000,000(7,000,000)– Shinhan Bank Ser Gmtn (Reg) (Reg S) Var 07Dec2026–(4,200,000)– Shinhan Financial Group Ser Regs (Reg) (Reg S) Var 05Feb20304,167,000(4,167,000)– Shinsegae Co Ltd (Reg S) Var 08May20452,800,000(2,800,000)– Shougang Group Co Ltd (Reg) (Reg S) 4% 23May2024–(1,428,000)– Siam Commercial Bank Cay Ser Gmtn (Reg) (Reg S) 4.4% 11Feb2029–(5,219,000)– Sin Offs Cap 3.124% 24May2022–(1,500,000)– Sinochem Int Dev Pte Ltd (Reg) (Reg S) 3.125% 25Jul20224,500,000–– Sinopec Capital 2013 Ltd Ser Regs 3.125% 24Apr2023–(2,600,000)– Sinopec Grp Dev 2018 Ser Regs (Reg S) 2.15% 13May20254,075,000–– Sinopec Grp Dev 2018 Ser Regs (Reg S) 2.7% 13May20308,674,000–– Sinopec Grp Dev 2018 Ser Regs (Reg S) 3.44% 12Nov20499,977,000–– Sinopec Grp Oversea 2013 (Ser Regs) 4.375% 17Oct2023–(5,000,000)– Sinopec Grp Oversea 2014 Ser Regs 4.375% 10Apr2024–(3,000,000)– Sinopec Grp Overseas 2012 Ser Regs (Reg) 3.9% 17May2022–(8,000,000)– Sinosing Serv P L (Reg) (Reg S) 2.25% 20Feb20252,657,000(2,657,000)– Sinosing Serv P L (Reg) (Reg S) 2.625% 20Feb20303,301,000–– 施罗德亚洲高息股债基金166 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） SK Hynix Inc (Reg S) 3% 17Sep20241,590,000(1,590,000)– Smartone Finance Ltd (Reg S) (Reg) 3.875% 08Apr2023–(4,000,000)– SMC Global Power Hldgs (Reg S) Var Perp 31Dec20492,947,000(13,629,000)– Sri Rejeki Isman Tbk Pt Ser Regs (Reg) (Reg S) 7.25% 16Jan20257,672,000–– State Grid Overseas Inv Ser Regs 3.125% 22May20234,500,000(4,500,000)– State Grid Overseas Investment 2014 Ltd 4.125% 07May2024–(4,000,000)– State of Qatar (Ser Regs) (Reg S) (Reg) 4.817% 14Mar20491,600,000(1,600,000)– State of Qatar Ser Regs (Reg S) 3.4% 16Apr20254,175,000(4,175,000)– State of Qatar Ser Regs (Reg S) 3.75% 16Apr20303,663,000–– State of Qatar Ser Regs (Reg S) 4.4% 16Apr20503,646,000–– Studio City Co Ltd (Ser Regs) (Reg) 7.25% 30Nov2021–(14,800,000)– Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 2.75% 13May20305,000,000–– Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 2.875% 21Jan20302,700,000–– Sun Hung Kai Prop (Cap) Ser Emtn (Reg) (Reg S) 3.75% 25Feb2029–(10,500,000)– Sun Hung Kai Prop 4.45% Perp 29Dec20492,835,000(2,835,000)– Sunac China Holdings Ltd (Reg) (Reg S) 6.5% 10Jan20254,000,000(4,000,000)– Sunac China Holdings Ltd (Reg) (Reg S) 7.35% 19Jul20213,000,000–– Sunac China Holdings Ltd (Reg) (Reg S) 7.5% 01Feb20244,230,000–– Sunny Express (Reg) (Reg S) Var Perp 31Dec20491,322,000(1,322,000)– Swire Pacifc Mtn Fin Ser Emtn (Reg S) (Reg) 3.875% 21Sep2025–(10,000,000)– Swire Propert Mtn Fin Ser Emtn (Reg) (Reg S) 3.5% 10Jan2028–(4,000,000)– Tencent Holdings Ltd Ser Regs (Reg S) 1.81% 26Jan20261,600,000–– Tencent Holdings Ltd Ser Regs (Reg S) 2.39% 03Jun20304,565,000–– Tencent Holdings Ltd Ser Regs (Reg S) 3.24% 03Jun20502,567,000–– 167Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Tencent Holdings Ltd Ser Regs (Reg) (Reg S) 3.28% 11Apr2024–(2,000,000)– Tencent Holdings Ltd Ser Regs (Reg) (Reg S) 3.975% 11Apr2029–(2,000,000)– Tencent Holdings Ltd Ser Regs (Reg) (Regs) 3.595% 19Jan202814,493,000–– Tencent Holdings Ltd Ser Regs (Reg) (Regs) 3.8% 11Feb2025–(2,000,000)– Theta Capital Pte Ltd (Reg S) 8.125% 22Jan20254,173,000(4,173,000)– Three Gorges Fin I Ky (Reg S) 3.2% 16Oct20499,500,000(4,500,000)– Times China Hldg Ltd (Reg) (Reg S) 6.75% 16Jul20231,140,000–– Times China Hldg Ltd 6.25% 17Jan2021300,000–– Times China Hldg Ltd 6.25% 23Jan2020–(2,900,000)– Treasury Bill 0% 23Jan202023,800,000(23,800,000)– Trust F/1401 Ser Regs (Reg) (Reg S) 4.869% 15Jan20304,235,000(4,235,000)– Trust F/1401 Ser Regs (Reg) (Reg S) 6.39% 15Jan20505,510,000(5,510,000)– Tsinghua Unic Ltd (Reg) (Reg S) 4.75% 31Jan2021–(10,000,000)– Unifn Financiera Sa De Ser Regs (Reg) (Reg S) 8.375% 27Jan20287,500,000(7,500,000)– Unigel Luxembourg Sa Ser Regs (Reg S) 8.75% 01Oct20265,220,000(5,220,000)– United Overseas Bank Ltd Ser Emtn (Reg) (Reg S) Var 16Sep20261,000,000(1,000,000)– United Overseas Bank Ltd Ser Emtn (Reg) (Reg S) Var Perp 31Dec20494,304,000–– US Treasury Bill 0% 21May202023,000,000(23,000,000)– US Treasury Bill 0% 21Nov201939,000,000(39,000,000)– US Treasury Bill 0% 27Feb202022,500,000(22,500,000)– US Treasury Bill 0% 28May202024,500,000(24,500,000)– US Treasury Bill Zcp 31Oct201925,000,000(25,000,000)– Usiminas International (Ser Regs) (Reg S) 5.875% 18Jul20264,570,000(4,570,000)– Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 3.5% 12Nov20293,000,000–– Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 4.2% 07Jun20242,999,000–– Vanke Real Estate HK Ser Emtn (Reg) (Reg S) 5.35% 11Mar20245,000,000–– 施罗德亚洲高息股债基金168 Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 LISTED DEBT SECURITIES (Continued) 上市债务证券（续） UNITED STATES DOLLAR (Continued) 美元（续） Vedanta Resources Ser Regs (Reg S) 9.25% 23Apr20267,600,000(10,100,000)– VM Holding Sa Ser Regs 5.375% 04May2027800,000(4,000,000)– Weibo Corp (Reg) 3.375% 08Jul20303,422,000–– Weibo Corp (Reg) 3.5% 05Jul20245,000,000(5,000,000)– West China Cement Ltd 6.5% 11Sep2019–(7,500,000)– Westwood Grp Hold Ltd Ser Emtn (Regs) 4.875% 19Apr20213,240,000–– Woodside Finance Ltd Ser Regs (Reg) (Regs) 3.7% 15Sep2026–(3,000,000)– Woodside Finance Ltd Ser Regs 3.7% 15Mar2028–(5,000,000)– Xiaomi Best Time Intl Ser Regs (Reg) (Reg S) 3.375% 29Apr20303,700,000(3,700,000)– Yango Justice Intl (Reg) (Reg S) 8.25% 25Nov20231,644,000(1,644,000)– Yingde Gases Invstmt Ltd Ser Regs (Reg S) 6.25% 19Jan2023–(972,000)– Yuzhou Properties Co Ltd (Reg) (Reg S) 7.375% 13Jan20264,185,000(4,185,000)– Yuzhou Properties Co Ltd (Reg) (Reg S) 8.3% 27May20253,246,000–– Yuzhou Properties Co Ltd (Reg) (Reg S) 8.375% 30Oct2024674,000–– Yuzhou Properties Co Ltd (Reg) (Reg S) 8.625% 23Jan2022–(3,000,000)– Zhenro Properties Gro 8.6% 13Jan2020–(1,700,000)– Zhenro Properties Group (Reg) (Reg S) 10.5% 28Jun2020–(790,000)– Zhenro Properties Group (Reg) (Reg S) 7.875% 14Apr20246,500,000(4,000,000)– Zhenro Properties Group (Reg) (Reg S) 8.3% 15Sep20234,666,000–– Zhenro Properties Group (Reg) (Reg S) 8.65% 21Jan2023200,000–– Zhenro Properties Group (Reg) (Reg S) 9.15% 06May2023700,000–– Zoomlion HK Spv Co Ltd Ser Regs 6.125% 20Dec20223,000,000–– 169Schroder Asian Asset Income Fund Investment Portfolio Movements (Unaudited) (Continued) 投资组合变动（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 Holdings 份额数目 CurrencyInvestmentsAdditionsDisposalsBonus/Splits 货币投资项目增加减少红股╱分拆 UNLISTED/QUOTED DEBT SECURITIES 非上市╱挂牌债务证券 AUSTRALIAN DOLLAR 澳元 Ausgrid Finance Pty Ltd Ser Mtn (Reg) (Reg S) 3.75% 30Oct2024–(5,800,000)– DBCT Finance Pty Ltd Ser Mtn 2.055% 09Jun2021–(400,000)– HONG KONG DOLLAR 港元 Hong Kong T-Bill Ser 91 0% 10Jun2020240,000,000(240,000,000)– UNITED STATES DOLLAR 美元 Aerovias De Mexico S.A. Ser Regs (Reg S) 7% 05Feb20255,170,000(5,170,000)– Alpha Holding Sa Ser Regs (Reg S) 9% 10Feb20258,175,000–– Arabian Centres Sukuk Ser Regs (Reg S) 5.375% 26Nov20242,034,000(2,034,000)– Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 4.2% 29Jan20301,960,000(1,960,000)– Celulosa Arauco Constitu Ser Regs (Reg) (Reg S) 5.15% 29Jan20503,285,000(275,000)– Central Japan Railway Co (Reg) (Reg S) 2.2% 02Oct20246,588,000(6,588,000)– Commonwealth Bank Aust (Reg S) Var 20Oct20269,286,000–– Embotelladora Andina Sa Ser Regs (Reg S) 3.95% 21Jan20504,705,000–– Grupo Bimbo SAB de CV Ser Regs (Reg) Var Perp 29Dec20497,850,000–– Minera Mexico SA de CV Ser Regs (Reg) (Reg S) 4.5% 26Jan20503,125,000(3,125,000)– Mitsui Fudosan Co Ltd Ser Regs (Reg) (Regs) 3.95% 24Jan2029–(1,750,000)– NBM US Holdings Inc Ser Regs (Reg) (Reg S) 7% 14May2026–(7,150,000)– Prumo Participacoes E In Ser 144A (Reg) 7.5% 31Dec20313,519,000–– Prumo Participacoes E In Ser Regs (Reg) (Reg S) 7.5% 31Dec20317,508,000–– US Treasury Bill Zcp 29Aug2019–(20,000,000)– 施罗德亚洲高息股债基金170 Performance Table (Unaudited) 业绩表（未经审核） For the year ended 30th June 2020 二零二零年六月三十日止年度 202020192018 二零二零年二零一九年二零一八年 Net assets 净资产HK$港元29,377,442,901HK$港元33,347,675,780HK$港元39,323,917,498 Net asset value per unit 每份额净资产 Class A 类别 HKD Accumulation Units 港元累积份额HK$港元146.6570HK$港元161.2388HK$港元147.2493 HKD Distribution Units 港元收息份额HK$港元92.5558HK$港元106.6920HK$港元102.5489 USD Accumulation Units 美元累积份额US$美元14.7348US$美元16.0715US$美元14.6154 USD Distribution Units 美元收息份额US$美元9.2998US$美元10.6345US$美元10.1787 AUD Hedged Distribution Units 澳元对冲收息份额AU$澳元8.5850AU$澳元9.8985AU$澳元9.4895 RMB Hedged Distribution Units 人民币对冲收息份额RMB人民币87.5294RMB人民币100.4438RMB人民币96.6580 GBP Hedged Accumulation Units 英镑对冲累积份额GBP英镑10.1036GBP英镑11.2240GBP英镑10.4026 GBP Hedged Distribution Units 英镑对冲收息份额GBP英镑8.8607GBP英镑10.2186GBP英镑9.7897 Class C 类别 HKD Accumulation Units 港元累积份额HK$港元156.4946HK$港元170.8102HK$港元154.8634 HKD Distribution Units 港元收息份额HK$港元98.7982HK$港元113.0638HK$港元107.8884 USD Accumulation Units 美元累积份额US$美元14.0621US$美元15.2260US$美元13.7465 USD Distribution Units 美元收息份额US$美元9.5652US$美元10.8585US$美元10.3180 AUD Hedged Distribution Units 澳元对冲收息份额AU$澳元8.8385AU$澳元10.1137AU$澳元9.6361 Class I 类别 USD Accumulation Units 美元累积份额US$美元14.5809US$美元15.6751US$美元14.0525 USD Distribution Units 美元收息份额US$美元11.6165US$美元13.0954US$美元12.3561 Class M 类别 RMB Hedged Accumulation Units 人民币对冲累积份额RMB人民币118.4884RMB人民币128.7037RMB人民币116.7020 Class X 类别 HKD Accumulation Units 港元累积份额HK$港元146.3287HK$港元160.9676– HKD Distribution Units 港元收息份额HK$港元138.9591HK$港元160.2763– USD Accumulation Units 美元累积份额US$美元14.6900US$美元16.0350– USD Distribution Units 美元收息份额US$美元13.9618US$美元15.9684– 171Schroder Asian Asset Income Fund Performance Table (Unaudited) (Continued) 业绩表（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 PERFORMANCE RECORD SINCE INCEPTION 由成立日起之业绩记录 HKD Class A 港元A类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 HK$港元HK$港元HK$港元HK$港元 2020二零二零年164.6586107.6833125.657180.5490 2019二零一九年161.2431107.1413142.924997.8865 2018二零一八年156.0361111.1475144.5942102.6624 2017二零一七年146.29107.47132.2099.66 2016二零一六年135.62105.16122.2596.04 2015二零一五年135.51110.50126.99104.78 2014二零一四年126.95107.79113.6999.91 2013二零一三年127.38114.19104.6598.52 2012二零一二年103.92101.7587.4886.13 HKD Class C 港元C类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 收息份额累积份额收息份额累积份额 HK$港元HK$港元HK$港元HK$港元 2020二零二零年175.1304114.1257133.823485.8131 2019二零一九年170.8102113.5354150.6831103.2351 2018二零一八年163.6002116.5706150.9937108.0034 2017二零一七年152.74112.04137.41103.62 2016二零一六年140.58108.31126.3299.27 2015二零一五年139.27113.47130.01107.86 2014二零一四年129.69110.16115.45101.86 2013二零一三年129.06115.74105.4399.23 2012二零一二年104.68101.8187.6586.30 施罗德亚洲高息股债基金172 Performance Table (Unaudited) (Continued) 业绩表（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 PERFORMANCE RECORD SINCE INCEPTION (CONTINUED) 由成立日起之业绩记录（续） HKD Class X (Note)Highest issue price per unitLowest redemption price per unit 港元X类别（附注）每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 HK$港元HK$港元HK$港元HK$港元 2020二零二零年164.2859161.7552125.3707120.9327 2019二零一九年160.9740160.9562142.8836154.8867 USD Class A 美元A类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 US$美元US$美元US$美元US$美元 2020二零二零年16.506410.755712.61628.0879 2019二零一九年16.071910.679314.19309.7206 2018二零一八年15.542411.072314.414310.1864 2017二零一七年14.6010.7813.2710.00 2016二零一六年13.6110.5712.179.56 2015二零一五年13.6111.0912.7410.52 2014二零一四年12.7510.8311.4210.02 2013二零一三年12.7811.4610.519.89 2012二零一二年10.4310.178.758.61 USD Class C 美元C类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 US$美元US$美元US$美元US$美元 2020二零二零年 15.7008 10.9833 12.0165 8.3023 2019二零一九年15.226010.903813.38169.8775 2018二零一八年14.573511.188913.461210.0577 2017二零一七年13.6310.7912.3310.03 2016二零一六年12.6210.4311.2510.22 2015二零一五年12.51–11.67– 2014二零一四年11.65–10.37– 2013二零一三年11.58–10.00– 173Schroder Asian Asset Income Fund Performance Table (Unaudited) (Continued) 业绩表（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 PERFORMANCE RECORD SINCE INCEPTION (CONTINUED) 由成立日起之业绩记录（续） USD Class I 美元I类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 US$美元US$美元US$美元US$美元 2020二零二零年16.228413.247112.436210.0636 2019二零一九年15.675113.149513.711811.8565 2018二零一八年14.853413.358413.666112.3645 2017二零一七年13.8312.8112.4711.87 2016二零一六年12.3012.7211.2111.30 2015二零一五年12.51–12.01– Highest issue price per unitLowest redemption price per unitUSD Class X (Note) 港元X类别（附注）每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 US$美元US$美元US$美元US$美元 2020二零二零年16.454616.149712.577112.1422 2019二零一九年16.035716.036214.189015.3578 AUD Hedged Class A 澳元对冲A类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Distribution UnitsDistribution Units 收息份额收息份额 AU$澳元AU$澳元 2020二零二零年 10.0087 7.4834 2019二零一九年9.93199.0619 2018二零一八年10.33029.4942 2017二零一七年10.109.36 2016二零一六年9.938.98 2015二零一五年10.439.88 2014二零一四年10.179.40 2013二零一三年10.779.59 施罗德亚洲高息股债基金174 Performance Table (Unaudited) (Continued) 业绩表（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 PERFORMANCE RECORD SINCE INCEPTION (CONTINUED) 由成立日起之业绩记录（续） AUD Hedged Class C 澳元对冲C类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Distribution UnitsDistribution Units 收息份额收息份额 AU$澳元AU$澳元 2020二零二零年10.22777.6928 2019二零一九年10.14749.2224 2018二零一八年10.85729.6408 2017二零一七年10.129.40 2016二零一六年9.799.58 RMB Hedged Class A 人民币对冲A类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Distribution UnitsDistribution Units 收息份额收息份额 RMB人民币RMB人民币 2020二零二零年 101.6019 76.2649 2019二零一九年100.908992.1900 2018二零一八年105.266196.8289 2017二零一七年102.0496.65 2016二零一六年100.0590.46 2015二零一五年105.0099.46 2014二零一四年102.2594.45 RMB Hedged Class M 人民币对冲M类别Highest issue price per unitLowest redemption price per unit 每份额最高认购价每份额最低赎回价 Accumulation UnitsAccumulation Units 累积份额累积份额 RMB人民币RMB人民币 2020二零二零年 132.3450 101.3816 2019二零一九年128.7072113.6921 2018二零一八年123.1782113.6151 2017二零一七年114.99102.19 2016二零一六年103.9591.79 175Schroder Asian Asset Income Fund Performance Table (Unaudited) (Continued) 业绩表（未经审核）（续） For the year ended 30th June 2020 二零二零年六月三十日止年度 PERFORMANCE RECORD SINCE INCEPTION (CONTINUED) 由成立日起之业绩记录（续） GBP Hedged Class A Highest issue price per unitLowest redemption price per unit 英镑对冲A类别每份额最高认购价每份额最低赎回价 Accumulation UnitsDistribution UnitsAccumulation UnitsDistribution Units 累积份额收息份额累积份额收息份额 GBP英镑GBP英镑GBP英镑GBP英镑 2020二零二零年11.369810.33478.67517.7225 2019二零一九年11.224310.246610.04259.3516 2018二零一八年11.158110.650510.36889.7831 2017二零一七年10.6010.329.659.63 Note: Schroder Asian Asset Income Fund HKD Class X Accumulation Units and USD Class X Accumulation Units were launched on 14th September 2018 and HKD Class X Distribution Units and USD Class X Distribution Units were launched on 15th May 2019. 附注： 施罗德亚洲高息股债港元累积X类及美元累积X类于二零一八年九月十四日成立。施罗德亚洲高 息股债港元收息X类及美元收息X类于二零一九年五月十五日成立。 施罗德亚洲高息股债基金176 S施c罗hro德 二Schroder Investment Management (Hong Kong) Limited 零0Level 33, Two Pacifc Place, 88 Queensway, Hong Kong2J二TuTel: +852 2521 1633 Fax: +852 2530 9095零nCeO年 2施罗德投资管理（香港）有限公司_ 六R0For the year ended 30th June 2020香港金钟道88号太古广场二座33字楼2IA月0A二零二零年六月三十日止年度电话：+85225211633 传真：+85225309095A_ P S |
||||||||
| 基金信息类型 | 基金年度报告 | ||||||||
| 公告来源 | 中国证券监督管理委员会 | ||||||||
| ↑返回页顶↑ |