Net Asset Value(s)
November 12 2003 - 4:57AM
UK Regulatory
THE SECOND ALLIANCE TRUST PLC
NET ASSET VALUE
At the close of business on 11th November 2003 the unaudited net asset
value per 25p stock unit, valuing prior charges at par, was 2545p.
Income after tax, interest and management expenses arising, but which is
not included in the net asset value per stock unit above, was 18p per
stock unit.
Distribution of investments as at 31st October 2003
Geographical Distribution
UK 52%
USA 21%
Europe 10%
Japan 4%
Rest of World 10%
Fixed Interest and Net 3%
Current Assets
Total 100%
Industry Distribution
Resources and Basic Industries 20%
Capital Goods 8%
Consumer Goods 17%
Technology 5%
Services 22%
Financials 28%
Total 100%
20 Largest Holdings Value �m
GlaxoSmithKline �15.2m
Shell Transport & �15.1m
Trading
Royal Bank of �14.4m
Scotland
BP �13.6m
Vodafone �10.2m
HBOS �8.2m
Barclays �6.7m
Diageo �5.5m
Abbot Laboratories �5.2m
Wal-Mart Stores �5.2m
Aviva �5.0m
Rio Tinto �4.9m
Standard Chartered �4.4m
Slough Estates �4.3m
Lloyds TSB �4.3m
EMAP �4.2m
Persimmon �4.2m
Johnson & Johnson �4.1m
Unilever �4.0m
Microsoft 3.9m
For further information, please contact:-
Ian Goddard
The Second Alliance Trust PLC
Tel. 01382 201700