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 July 2020 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.Inception p.aAUM
1.27%5.64%0.85%5.56%6.83%8.09%8.53%9.63%$42.08 mil AUD

Price & Distributions

DateUnit PriceApplication PriceRedemption Price
6/08/20201.10041.10591.0949
5/08/20201.09971.10521.0942
4/08/20201.09911.10461.0936
3/08/20201.09791.10331.0924
31/07/20201.09471.10021.0893
30/07/20201.09681.10231.0913
29/07/20201.09561.10111.0901
28/07/20201.09521.10061.0897
27/07/20201.09351.09901.0881
24/07/20201.09371.09921.0883
23/07/20201.09411.09961.0886
22/07/20201.09321.09871.0877
21/07/20201.09261.09811.0871
20/07/20201.09291.09841.0875
17/07/20201.09231.09781.0869

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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
Mongolia0.01%
Sri Lanka0.71%
Macao1.63%
Philippines2.66%
Indonesia3.05%
Singapore3.09%
Cash & FX Hedge3.85%
Japan8.49%
China/Hong Kong76.52%
Sector Exposure
Others0.71%
Energy1.36%
Consumer Services1.63%
Health Care Equipment & Services1.87%
Retailing1.88%
Software & Services2.69%
Materials2.99%
Cash & FX Hedge3.85%
Telecommunication Services4.33%
Technology Hardware & Equipment4.50%
Capital Goods5.62%
Utilities7.96%
Pharmaceuticals, Biotechnology & Life Sciences8.49%
Transportation10.89%
Real Estate41.22%
Top 10 Holdings
Global Logistics PropertiesChina/Hong KongTransportation4.10%
New Metro GlobalChina/Hong KongReal Estate4.07%
BOC AviationSingaporeCapital Goods3.96%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment3.86%
EHI Car ServicesChina/Hong KongTransportation3.70%
China Jinjiang EnvironmentChina/Hong KongUtilities3.46%
China HuadianChina/Hong KongUtilities3.32%
Global Logistics PropertiesSingaporeTransportation3.09%
Shandong Iron and SteelChina/Hong KongMaterials2.98%
PLDTPhillipinesTelecommunication Services2.66%
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