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 30 September 2020 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.Inception p.aAUM
-0.47%2.08%8.33%5.54%6.73%8.97%8.73%9.54%$45.69 mil AUD

Price & Distributions

DateUnit PriceApplication PriceRedemption Price
23/10/20201.09881.10431.0933
22/10/20201.09811.10361.0926
21/10/20201.09701.10251.0915
20/10/20201.09581.10121.0903
19/10/20201.09401.09951.0885
16/10/20201.09331.09871.0878
15/10/20201.09281.09831.0874
14/10/20201.09391.09941.0884
13/10/20201.09521.10061.0897
12/10/20201.09601.10151.0905
9/10/20201.09351.09901.0880
8/10/20201.09281.09831.0873
7/10/20201.09171.09721.0863
6/10/20201.09141.09681.0859
2/10/20201.08861.09411.0832

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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
Others4.30%
Indonesia1.18%
Macao1.55%
Hong Kong2.30%
Philippines2.60%
Singapore3.07%
Cash & FX Hedge9.38%
China75.53%
Sector Exposure
Others0.98%
Consumer Services1.55%
Health Care Equipment & Services1.91%
Telecommunication Services2.60%
Energy2.64%
Technology Hardware & Equipment3.64%
Retailing3.71%
Utilities4.28%
Capital Goods5.50%
Materials5.64%
Cash & FX Hedge9.38%
Transportation10.84%
Real Estate47.31%
Top 10 Holdings
Global Logistics PropertiesChina/Hong KongTransportation3.94%
BOC AviationChina/Hong KongCapital Goods3.86%
EHI Car ServicesChina/Hong KongTransportation3.83%
New Metro GlobalChina/Hong KongReal Estate3.74%
China HuadianChina/Hong KongUtilities3.21%
Global Logistics PropertiesSingaporeTransportation3.07%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment3.03%
Shandong Iron and SteelChina/Hong KongMaterials2.84%
PLDTPhillipinesTelecommunication Services2.60%
Zhenro Properties GroupChina/Hong KongReal Estate2.41%
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