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 2021 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.10 years p.a.Inception p.aAUM
-2.55%-0.71%2.28%8.79%8.79%7.78%8.70%9.65%9.46%$74.55 mil AUD

Price & Distributions*

 

There has been a delay in the Premium Asia Income Fund unit prices. Please click here for more information.

DateUnit PriceApplication PriceRedemption PriceDistributions
11/10/20211.06131.06661.0560
08/10/20211.08421.08971.0788
07/10/20211.09591.10141.0905
06/10/20211.10481.11031.0992
05/10/20211.07991.08531.0745
01/10/20211.07981.08521.0744
30/09/2021(EX Price)1.08331.08871.07790.0165
30/09/2021 (CUM Price)1.09981.10531.0943
29/09/20211.10241.10791.0969
28/09/20211.10271.10821.0972
27/09/20211.09891.10441.0934
24/09/20211.10881.11441.1033
23/09/20211.10691.11251.1014
22/09/20211.10701.11251.1014
21/09/20211.11031.11581.1047
20/09/20211.10941.11491.1038

*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.

DOWNLOAD


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
Singapore0.40%
Macao0.98%
Mongolia1.81%
India2.91%
Indonesia3.90%
Hong Kong15.41%
China62.99%
Sector Exposure
Pharmaceuticals, Biotechnology & Life Sciences0.71%
Banks0.90%
Consumer Services2.21%
Software & Services2.53%
Energy3.48%
Capital Goods3.59%
Technology Hardware & Equipment3.76%
Diversified Financials4.48%
Automobiles & Components4.71%
Retailing4.72%
Utilities10.43%
Materials12.42%
Transportation15.21%
Real Estate20.91%
Top 10 Holdings
GCL New EnergyChina/Hong KongUtilities4.37%
Beijing Energy InternationalChina/Hong KongUtiliies4.19%
Gajah TunggalIndonesiaAutomobiles & Components3.90%
Pacific Basin ShippingChina/Hong KongTransportation3.83%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment3.76%
EHI Car ServicesChina/Hong KongTransportation3.60%
China Hongqiao GroupChina/Hong KongMaterials3.17%
CAR IncChina/Hong KongTransportation3.09%
Vedanta ResourcesIndiaMaterials2.91%
New Metro GlobalChina/Hong KongReal Estate2.37%
Menu