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 2020 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.Inception p.aAUM
1.02%3.27%5.16%14.05%7.86%9.50%8.46%10.14%$44.8 mil AUD

Price & Distributions

DateUnit PriceApplication PriceRedemption Price
26/03/20201.08171.08711.0546
25/03/20201.07361.07901.0468
24/03/20201.07341.07871.0465
23/03/20201.07951.08491.0525
20/03/20201.09571.10121.0683
19/03/20201.10561.11121.1001
18/03/20201.13461.14031.1289
17/03/20201.14441.15011.1387
16/03/20201.14651.15221.1407
13/03/20201.1541.15981.1482
12/03/20201.16081.16661.155
11/03/20201.16911.17491.1632
10/03/20201.17471.18061.1688
9/03/20201.1791.17881.1671
6/03/20201.18291.18881.177
5/03/20201.18471.19071.1788
4/03/20201.18191.18781.176
3/03/20201.18191.18781.176
2/03/20201.18341.18931.1775

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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
Other1%
Indonesia3%
India7%
China/Hong Kong87%
Sector Exposure
Cash2%
Retailing3%
Materials3%
Diversified Financials3%
Consumer Services4%
Technology Hardware & Equipment5%
Energy6%
Utilities7%
Transportation9%
Real Estate58%
Top 10 Holdings
EHI Car ServicesChina/Hong KongTransportation4.1%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment4.0%
Wynn MacauChina/Hong KongConsumer Services3.6%
Adani ElectricityIndiaUtilities3.5%
Indian RailwayIndiaTransportation3.5%
China Jinjiang EnvironmentChina/Hong KongUtilities3.3%
Shandong Iron and SteelChina/Hong KongMaterials3.2%
New Metro GlobalChina/Hong KongReal Estate2.8%
VMS CSW LandChina/Hong KongDiversified Financials2.7%
Haimen ZhongnanChina/Hong KongReal Estate2.5%
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