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Premium Asia Fund

APIR MAQ0635AU

About the Fund

The Premium Asia Fund aims to generate positive returns, consisting of both capital growth and income, over a three to five-year period prior to accounting for movements in currency exchange rates. It will seek to achieve this objective by constructing a portfolio of securities which provides exposure to the Asia ex-Japan region. The Fund is denominated in Australian dollars and typically will not hedge its currency exposure.

Why Asia?
  • Diverse range of economies and investment opportunities
  • Rapid growth in productivity, private wealth and consumption power
  • Powerhouse of technology, innovation and influence
Fund Inception1 December 2009
Management Fees1.33% p.a.
Performance FeesN/A
Minimum Subscription$25,000 AUD
Transaction Costs (Buy/Sell Spread)±0.25%
Distribution FrequencyAnnually

Performance

Performance Chart for Premium Asia Fund

Premium Asia Fund Performance Table

Premium Asia Fund Performance as at 31 May 2021 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.10 years p.a.Inception p.a.AUM
1.60%4.39%17.53%49.27%13.87%17.27%15.62%13.78%13.09%$46.35 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption Price
22/06/20211.75971.76411.7553
21/06/20211.75151.75591.7472
18/06/20211.78941.79381.7849
17/06/20211.76891.77331.7644
16/06/20211.73131.73571.7270
15/06/20211.75561.76001.7512
11/06/20211.75851.76291.7541
10/06/20211.75131.75561.7469
09/06/20211.73751.74191.7332
08/06/20211.73751.74181.7332
07/06/20211.73491.73921.7305
04/06/20211.73711.74151.7328
03/06/20211.75231.75671.7479
02/06/20211.74811.75241.7437
01/06/20211.75621.76061.7518

*Please note that the unit prices displayed in the table are for reference only. For accurate unit prices, please contact our registry team, Link Fund Solutions.

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Investment Strategy

The fund aims to achieve the investment objective by constructing a portfolio of securities, which provides exposure to the Asia (ex-japan) region.

The fund is managed by Value Partners using disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a portfolio of individual holdings, which are, in the view of Value Partners, undervalued and of high quality, on either an absolute or relative basis, and which have the potential for capital appreciation.

The Fund will primarily have exposure to the equity securities of entities listed on securities exchanges across the Asia (ex-Japan) region. The Fund may also gain exposure to:

  • Entities listed on securities exchanges outside the Asia (ex-Japan) region, which have significant assets; investments, production activities, trading or other business interests in the Asia (ex-Japan) region, or which derive a significant portion of their revenue from the Asia (ex-Japan) region and
  • Unlisted instruments with equity-like characteristics, such as participation notes and convertible bonds.

The Fund may also invest in cash and money market instruments, depositary receipts, listed unit trusts, shares in mutual fund corporations and other collective investment schemes (including real estate investment trusts), derivatives including both exchange-traded and over-the-counter (“OTC”), convertible securities, participatory notes, bonds, and foreign exchange contracts.

Investment Horizon5 or more years
Short SellingThe fund will not engage in short-selling
LeverageThe fund will not borrow, or use derivatives, for the purposes of leveraging or magnifying the funds exposure to any asset or market.
Geographic LimitsThe Premium Asia Fund primarily invests in equity securities of entities listed on securities exchanges across Asia (ex-Japan) region, entities listed on securities exchanges outside the Asia (ex-Japan) region, which have significant assets, investments, production activities, trading or other business interests in the Asia (ex-Japan) region, or derive a significant portion of their revenue from the Asia (ex-Japan) region, unlisted instruments with equity-like characteristics, such as participation notes and convertible bonds.
Initial Investment Amount$25,000
Additional Investment Amount$10,000
Minimum Holding Amount$25,000
Portfolio Asset Allocation – Limits
Asset typeAllocation range (%)
International listed equities0-100
International unlisted equities0-10
International corporate bonds0-5
Exchange-traded derivatives0-60
Over-the-counter derivatives0-50
Cash and cash equivalent investments0-25
Convertibles0-10

Portfolio Snapshot

Geographical Listing
Thailand0.25%
Malaysia0.51%
Philippines0.90%
India1.16%
Singapore1.22%
Indonesia2.57%
United States3.52%
Red Chips5.12%
Cash6.08%
H-shares7.23%
South Korea12.36%
Taiwan14.27%
China A-shares16.10%
Hong Kong28.77%
Sector Exposure
Health Care2.05%
Insurance2.73%
Materials2.94%
Real Estate2.98%
Other Financials5.13%
Cash6.08%
Banks7.87%
Industrials8.08%
Consumer Staples9.72%
Communication Services13.29%
Consumer Discretionary18.02%
Information Technology21.11%
Top 10 Holdings
Tencent Holdings LtdHong KongMedia & Entertainment7.23%
Taiwan Semiconductor Manufacturing Co LtdTaiwanSemiconductors & Semiconductor Equipment5.72%
China Tourism Group Duty FreeChina A-sharesRetailing4.71%
Samsung Electronics Co LtdSouth KoreaTechnology Hardware & Equipment4.68%
Kweichow Moutai Co LtdChina A-sharesFood, Beverage & Tobacco3.69%
China Merchants Bank Co LtdH-sharesBanks3.43%
Galaxy Entertainment Group LtdHong KongConsumer Services2.86%
ASE Technology Holding Co LtdTaiwanSemiconductors & Semiconductor Equipment2.38%
China Mengniu Dairy Co LtdRed ChipsFood, Beverage & Tobacco2.21%
Makalot Industrial Co., Ltd.TaiwanConsumer Durables & Apparel2.18%

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