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 29 February 2024 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.10 years p.a.Inception p.aAUM
2.19%7.64%10.22%2.18%-4.51%1.32%2.33%4.76%6.23%$84.77 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption Price
25/03/20240.81230.81640.8082
22/03/20240.81220.81620.8081
21/03/20240.81560.81970.8116
20/03/20240.81600.82010.8120
19/03/20240.81570.81980.8116
18/03/20240.81530.81930.8112
15/03/20240.81550.81960.8114
14/03/20240.81610.82010.8120
13/03/20240.81680.82090.8127
12/03/20240.81460.81860.8105
11/03/20240.81270.81680.8087
08/03/20240.81170.81580.8077
07/03/20240.81150.81550.8074
06/03/20240.81170.81580.8077
05/03/20240.81090.81490.8068

*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

Data as at 29 February 2024

Cash & Hedges3.37%
Singapore0.41%
Malaysia0.59%
Thailand0.70%
Middle East1.10%
Philippines2.68%
Mongolia3.14%
Japan5.32%
Macao9.83%
India9.90%
Indonesia23.30%
China/Hong Kong39.66%
Sector Exposure

Data as at 29 February 2024

Cash & Hedges3.37%
Industrials0.19%
Retailing0.32%
Transportation0.50%
Sovereign0.96%
Insurance1.73%
Software & Services1.95%
Capital Goods2.18%
Semiconductors & Semiconductor Equipment2.25%
Food, Beverage & Tobacco2.41%
Commercial & Professional Services3.44%
Telecommunication Services3.99%
Materials5.37%
Automobiles & Components6.04%
Diversified Financials6.96%
Utilities7.47%
Consumer Services10.41%
Banks11.74%
Energy14.11%
Real Estate14.60%
Top 10 Holdings

Data as at 29 February 2024

NameCountrySectorAllocation
Gajah TunggalIndonesiaAutomobiles & Components3.86%
ABM InvestamaIndonesiaEnergy3.24%
CAS Holding No.1 LimitedChina/Hong KongTelecommunication Services3.05%
Alam Sutera RealtyIndonesiaReal Estate2.84%
Wynn MacauMacaoConsumer Services2.74%
Adaro EnergyIndonesiaEnergy2.72%
Japfa ComfeedIndonesiaFood, Beverage & Tobacco2.41%
Geely AutomobileChina/Hong KongAutomobile & Components2.17%
Chong Hing BankChina/Hong KongBanks2.10%
eHi Car ServicesChina/Hong KongTransportation2.07%
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