Premium Asia Income Fund

APIR MAQ0782AU

About the Fund

The Premium Asia Income Fund is a managed investment scheme seeking current income and some capital appreciation by investing mostly in a diversified portfolio of high yielding, sub investment grade securities and non-rated securities across a range of markets in Asia and the Middle East (the “Region”). The Fund may invest in sovereign debt and corporate debt issued by companies with main operations in or majority of their income derived from the Region. The Fund is expected to be hedged in Australian dollars within a range of 0% to 100% of the Fund’s net asset value.

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 Inception31 August 2011
Management Fees1.13% p.a.
Performance FeesN/A
Minimum subscription$25,000 AUD
Transaction costs (Buy/Sell Spread)±0.50%
Distribution FrequencyQuarterly

Performance

Performance Chart for Premium Asia Income Fund

Premium Asia Income Fund Performance Table

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

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.Inception p.aAUM
-0.44%1.19%6.37%15.22%7.95%9.55%9.01%9.72%$63.79 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption PriceDistributions (DPU)
14/04/20211.12711.13271.1215
13/04/20211.12851.13421.1229
12/04/20211.13001.13571.1244
09/04/20211.13001.13561.1243
08/04/20211.12991.13551.1242
07/04/20211.12931.13501.1237
06/04/20211.12891.13451.1232
01/04/20211.12531.13091.1197
31/03/2021 (Ex)1.12171.12731.11610.017081
31/03/2021 (Cum)1.13871.14441.1331
30/03/20211.13781.14351.1321
29/03/20211.13851.14421.1328
26/03/20211.13901.14471.1333
25/03/20211.14111.14681.1354
24/03/20211.14321.14901.1375
23/03/20211.14451.15021.1388

*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 is managed using a disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a concentrated portfolio of fixed interest securities issued by companies in Asia and the Middle East, which, in the view of the investment manager, are undervalued, on either an absolute or a relative basis, have the potential to generate regular income and have the potential for some capital appreciation.

Investment Horizon3 to 5 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 Income Fund primarily invests in fixed interest securities issued by companies in Asia and the Middle East, which, in the view of the Investment Manager, are undervalued, on either an absolute or a relative basis, have the potential to generate regular income and have the potential for some capital appreciation.
Initial Investment Amount$25,000
Additional Investment Amount$10,000
Minimum Holding Amount$25,000
Portfolio Asset Allocation – Limits
Asset typeAllocation range (%)
Asian and Middle Eastern fixed interest securities20-100
Cash0-80
Geographical Listing
Indonesia0.33%
Singapore0.46%
Macao2.39%
India3.62%
Hong Kong9.85%
Cash & FX Hedge5.14%
China78.57%
Sector Exposure
Energy0.33%
Diversified Financials1.03%
Software & Services1.26%
Health Care Equipment & Services2.21%
Consumer Services2.39%
Capital Goods3.31%
Retailing3.70%
Technology Hardware & Equipment4.05%
Pharmaceuticals, Biotechnology & Life Sciences5.01%
Cash & FX Hedge5.14%
Utilities9.14%
Materials13.44%
Transportation14.95%
Real Estate34.40%
Top 10 Holdings
HongKong Xiangyu Investment CoChina/Hong KongTransportation5.09%
EHI Car ServicesChina/Hong KongTransportation4.70%
Car IncChina/Hong KongTransportation4.70%
Beijing Energy International HoldingsChina/Hong KongUtiliies4.55%
Angang Steel CoChina/Hong KongMaterials4.34%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment4.05%
GCL New Energy HoldingsChina/Hong KongUtilities3.76%
Hansoh PharmaceuticalChina/Hong KongPharmaceuticals, Biotechnology & Life Sciences3.67%
New Metro GlobalChina/Hong KongReal Estate2.62%
Zhenro Properties GroupChina/Hong KongReal Estate2.23%
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