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 October 2020 (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
5.11%8.65%22.32%17.84%10.03%11.26%12.96%11.14%11.86%$35.63 mil AUD

Price & Distributions

DateUnit PriceApplication PriceRedemption Price
23/11/20201.53481.53861.5309
20/11/20201.50911.51291.5054
19/11/20201.49581.49951.4920
18/11/20201.49051.49421.4867
17/11/20201.49191.49561.4881
16/11/20201.49301.49671.4892
13/11/20201.48761.49131.4839
12/11/20201.47081.47451.4671
11/11/20201.45361.45721.4500
10/11/20201.46571.46941.4620
9/11/20201.48201.48571.4783
6/11/20201.46831.47201.4646
5/11/20201.47381.47751.4702
4/11/20201.45551.45921.4519
3/11/20201.44711.45071.4435

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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
Philippines0.78%
India1.00%
Indonesia1.37%
Cash1.49%
Singapore1.53%
United States2.03%
H-shares5.86%
China A-shares12.44%
South Korea12.90%
Taiwan16.49%
Hong Kong44.11%
Sector Exposure
Utilities0.18%
Real Estate1.29%
Cash1.49%
Materials2.59%
Health Care2.82%
Industrials3.13%
Banks4.00%
Other Financials4.84%
Communication Services9.73%
Consumer Staples14.19%
Information Technology25.17%
Consumer Discretionary30.58%
Top 10 Holdings
Alibaba Group Holding LtdHong KongRetailing8.66%
Tencent Holdings LtdHong KongMedia & Entertainment8.13%
Taiwan Semiconductor Manufacturing Co LtdTaiwanSemiconductors & Semiconductor Equipment6.70%
Samsung Electronics Co LtdSouth KoreaTechnology Hardware & Equipment6.13%
Wuliangye Yibin CoChina A-sharesFood, Beverage & Tobacco4.29%
Kweichow Moutai Co LtdChina A-sharesFood, Beverage & Tobacco3.79%
Meituan DianpingHong KongRetailing3.49%
China Xinhua Education Group LtdHong KongConsumer Services2.88%
China Merchants Bank Co LtdH-sharesBanks2.48%
Nissin Foods Co LtdHong KongFood, Beverage & Tobacco2.09%
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