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 Inception | 1 December 2009 |
|---|---|
| Management Fees | 1.33% p.a. |
| Performance Fees | N/A |
| Minimum Subscription | $25,000 AUD |
| Transaction Costs (Buy/Sell Spread) | ±0.25% |
| Distribution Frequency | Annually |
Performance
Performance Chart for Premium Asia Fund
Premium Asia Fund Performance Table
Premium Asia Fund Performance as at 31 October 2020 (net %)
| 1 month | 3 month | 6 month | 1 year | 3 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
| Date | Unit Price | Application Price | Redemption Price |
|---|---|---|---|
| 23/11/2020 | 1.5348 | 1.5386 | 1.5309 |
| 20/11/2020 | 1.5091 | 1.5129 | 1.5054 |
| 19/11/2020 | 1.4958 | 1.4995 | 1.4920 |
| 18/11/2020 | 1.4905 | 1.4942 | 1.4867 |
| 17/11/2020 | 1.4919 | 1.4956 | 1.4881 |
| 16/11/2020 | 1.4930 | 1.4967 | 1.4892 |
| 13/11/2020 | 1.4876 | 1.4913 | 1.4839 |
| 12/11/2020 | 1.4708 | 1.4745 | 1.4671 |
| 11/11/2020 | 1.4536 | 1.4572 | 1.4500 |
| 10/11/2020 | 1.4657 | 1.4694 | 1.4620 |
| 9/11/2020 | 1.4820 | 1.4857 | 1.4783 |
| 6/11/2020 | 1.4683 | 1.4720 | 1.4646 |
| 5/11/2020 | 1.4738 | 1.4775 | 1.4702 |
| 4/11/2020 | 1.4555 | 1.4592 | 1.4519 |
| 3/11/2020 | 1.4471 | 1.4507 | 1.4435 |
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 Horizon | 5 or more years |
|---|---|
| Short Selling | The fund will not engage in short-selling |
| Leverage | The fund will not borrow, or use derivatives, for the purposes of leveraging or magnifying the funds exposure to any asset or market. |
| Geographic Limits | The 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 type | Allocation range (%) |
|---|---|
| International listed equities | 0-100 |
| International unlisted equities | 0-10 |
| International corporate bonds | 0-5 |
| Exchange-traded derivatives | 0-60 |
| Over-the-counter derivatives | 0-50 |
| Cash and cash equivalent investments | 0-25 |
| Convertibles | 0-10 |
Portfolio Snapshot
Geographical Listing
| Philippines | 0.78% |
|---|---|
| India | 1.00% |
| Indonesia | 1.37% |
| Cash | 1.49% |
| Singapore | 1.53% |
| United States | 2.03% |
| H-shares | 5.86% |
| China A-shares | 12.44% |
| South Korea | 12.90% |
| Taiwan | 16.49% |
| Hong Kong | 44.11% |
Sector Exposure
| Utilities | 0.18% |
|---|---|
| Real Estate | 1.29% |
| Cash | 1.49% |
| Materials | 2.59% |
| Health Care | 2.82% |
| Industrials | 3.13% |
| Banks | 4.00% |
| Other Financials | 4.84% |
| Communication Services | 9.73% |
| Consumer Staples | 14.19% |
| Information Technology | 25.17% |
| Consumer Discretionary | 30.58% |
Top 10 Holdings
| Alibaba Group Holding Ltd | Hong Kong | Retailing | 8.66% |
|---|---|---|---|
| Tencent Holdings Ltd | Hong Kong | Media & Entertainment | 8.13% |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan | Semiconductors & Semiconductor Equipment | 6.70% |
| Samsung Electronics Co Ltd | South Korea | Technology Hardware & Equipment | 6.13% |
| Wuliangye Yibin Co | China A-shares | Food, Beverage & Tobacco | 4.29% |
| Kweichow Moutai Co Ltd | China A-shares | Food, Beverage & Tobacco | 3.79% |
| Meituan Dianping | Hong Kong | Retailing | 3.49% |
| China Xinhua Education Group Ltd | Hong Kong | Consumer Services | 2.88% |
| China Merchants Bank Co Ltd | H-shares | Banks | 2.48% |
| Nissin Foods Co Ltd | Hong Kong | Food, Beverage & Tobacco | 2.09% |
Updates & Reports
Fees & Forms
- Product Disclosure Statement and Application Form – Australian Investors
- Product Disclosure Statement and Application Form – New Zealand Investors
- Premium Reference Guide – All Investors
- Additional Application for Investment
- Redemption Request
- Change of Contact Details
- Change of Bank
- Change of Distribution Option