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 November 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
-1.60%-9.74%-10.38%-6.58%5.52%5.51%7.17%8.17%8.15%$77.74 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption PriceDistribution (DPU)
31/12/2021 (ex)0.96320.96800.95840.014668
31/12/2021 (cum)0.97780.98270.9729
30/12/20210.97930.98420.9745
29/12/20210.97690.98180.9721
24/12/20210.98160.98650.9767
23/12/20210.98100.98600.9761
22/12/20210.98400.98890.9791
21/12/20210.99140.99630.9864
20/12/20210.99410.99900.9891
17/12/20210.99150.99640.9865
16/12/20210.98840.99340.9835
15/12/20210.99390.99880.9889
14/12/20210.99721.00220.9922
13/12/20210.99991.00490.9949
10/12/20210.99490.99990.9900

*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
Cash & Hedges16.86%
Japan0.90%
Mongolia1.49%
Macao1.75%
Malaysia1.75%
South Korea2.01%
Singapore2.14%
India3.96%
Indonesia5.26%
Hong Kong9.72%
China54.15%
Sector Exposure
Cash & Hedges16.86%
Automobiles & Components0.78%
Telecommunication Services0.90%
Food, Beverage & Tobacco1.08%
Capital Goods1.37%
Insurance1.77%
Banks1.81%
Retailing2.98%
Diversified Financials3.56%
Technology Hardware & Equipment3.99%
Consumer Services4.31%
Energy6.47%
Materials9.35%
Utilities9.53%
Transportation10.33%
Real Estate24.90%
Top 10 Holdings
GCL New EnergyChina/Hong KongUtilities4.46%
Tongfang AquaChina/Hong KongTechnology Hardware & Equipment3.80%
China Hongqiao GroupChina/Hong KongMaterials3.03%
Pacific Basin ShippingChina/Hong KongTransportation2.90%
China National Chemical CorpChina/Hong KongMaterials2.16%
Powerlong Real EstateChina/Hong KongReal Estate2.73%
POSCOSouth KoreaMaterials2.10%
Indonesia Asahan AluminiumIndonesiaEnergy1.85%
Logan Group Co LtdChina/Hong KongReal Estate1.80%
Greenko GroupIndiaUtilities1.59%
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