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 May 2021 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.Inception p.aAUM
0.88%1.96%7.07%13.15%9.35%8.75%8.88%9.82%$69.68 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption Price
22/06/20211.16171.16761.1559
21/06/20211.16171.16751.1559
18/06/20211.15211.15791.1464
17/06/20211.15151.15731.1457
16/06/20211.14971.15551.1440
15/06/20211.15091.15661.1451
11/06/20211.15081.15651.1450
10/06/20211.14961.15531.1438
09/06/20211.14971.15551.1440
08/06/20211.15041.15611.1446
07/06/20211.14971.15541.1439
04/06/20211.14761.15331.1419
03/06/20211.14841.15411.1427
02/06/20211.14731.15301.1415
01/06/20211.14761.15331.1418

*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
Indonesia0.01%
Singapore0.40%
Mongolia0.86%
Macao0.99%
India3.39%
Hong Kong16.58%
China68.15%
Sector Exposure
Semiconductors & Semiconductor Equipment0.001%
Energy0.93%
Consumer Services0.99%
Software & Services1.07%
Diversified Financials1.96%
Pharmaceuticals, Biotechnology & Life Sciences3.04%
Technology Hardware & Equipment3.73%
Capital Goods3.86%
Retailing6.28%
Utilities9.36%
Materials12.19%
Transportation20.98%
Real Estate26.00%
Top 10 Holdings
HongKong Xiangyu Investment CoChina/Hong KongTransportation5.16%
Panda Green EnergyChina/Hong KongUtiliies4.19%
Angang Steel CoChina/Hong KongMaterials4.11%
China International Marine ContainersChina/Hong KongTransportation3.86%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment3.73%
GCL New Energy HoldingsChina/Hong KongUtilities3.41%
Ronshine ChinaChina/Hong KongReal Estate3.12%
EHI Car ServicesChina/Hong KongTransportation2.85%
China Grand Automotive ServicesChina/Hong KongRetailing2.80%
Pacific Basin ShippingChina/Hong KongTransportation2.72%
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