Premium Asia Fund

APIR MAQ0635AU

About the Fund

The Premium Asia Fund aims to generate positive returns, consisting of both capital growth and income, over a three to five-year period prior to accounting for movements in currency exchange rates. It will seek to achieve this objective by constructing a portfolio of securities which provides exposure to the Asia ex-Japan region. The Fund is denominated in Australian dollars and typically will not hedge its currency exposure.

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 Inception1 December 2009
Management Fees1.33% p.a.
Performance FeesN/A
Minimum Subscription$25,000 AUD
Transaction Costs (Buy/Sell Spread)±0.25%
Distribution FrequencyAnnually

Performance

Performance Chart for Premium Asia Fund

Premium Asia Fund Performance Table

Premium Asia Fund Performance as at 31 July 2022 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a.7 years p.a.10 years p.a.Inception p.a.AUM
-3.53%-5.25%-17.75%-20.21%3.80%6.59%6.56%12.03%9.48%$33.55 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption Price
16/08/20221.07811.08081.0754
15/08/20221.07731.08001.0746
12/08/20221.06901.07171.0664
11/08/20221.06031.06291.0576
10/08/20221.04031.04291.0377
09/08/20221.06921.07191.0665
08/08/20221.06551.06811.0628
05/08/20221.08611.08881.0833
04/08/20221.06411.06671.0614
03/08/20221.06151.06421.0589
02/08/20221.05451.05711.0518
01/08/20221.05691.05961.0543
29/07/20221.07121.07391.0686
28/07/20221.08011.08281.0774
27/07/20221.08151.08421.0788

*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 aims to achieve the investment objective by constructing a portfolio of securities, which provides exposure to the Asia (ex-japan) region.

The fund is managed by Value Partners using disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a portfolio of individual holdings, which are, in the view of Value Partners, undervalued and of high quality, on either an absolute or relative basis, and which have the potential for capital appreciation.

The Fund will primarily have exposure to the equity securities of entities listed on securities exchanges across the Asia (ex-Japan) region. The Fund may also gain exposure to:

  • Entities listed on securities exchanges outside the Asia (ex-Japan) region, which have significant assets; investments, production activities, trading or other business interests in the Asia (ex-Japan) region, or which derive a significant portion of their revenue from the Asia (ex-Japan) region and
  • Unlisted instruments with equity-like characteristics, such as participation notes and convertible bonds.

The Fund may also invest in cash and money market instruments, depositary receipts, listed unit trusts, shares in mutual fund corporations and other collective investment schemes (including real estate investment trusts), derivatives including both exchange-traded and over-the-counter (“OTC”), convertible securities, participatory notes, bonds, and foreign exchange contracts.

Investment Horizon5 or more 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 Fund primarily invests in equity securities of entities listed on securities exchanges across Asia (ex-Japan) region, entities listed on securities exchanges outside the Asia (ex-Japan) region, which have significant assets, investments, production activities, trading or other business interests in the Asia (ex-Japan) region, or derive a significant portion of their revenue from the Asia (ex-Japan) region, unlisted instruments with equity-like characteristics, such as participation notes and convertible bonds.
Initial Investment Amount$25,000
Additional Investment Amount$10,000
Minimum Holding Amount$25,000
Portfolio Asset Allocation – Limits
Asset typeAllocation range (%)
International listed equities0-100
International unlisted equities0-10
International corporate bonds0-5
Exchange-traded derivatives0-60
Over-the-counter derivatives0-50
Cash and cash equivalent investments0-25
Convertibles0-10

Portfolio Snapshot

Geographical Listing
Cash4.61%
Thailand0.24%
Malaysia0.30%
Philippines0.52%
United States1.08%
India1.35%
Indonesia3.72%
Singapore4.32%
Red Chips7.28%
H-shares10.86%
China A-shares12.29%
South Korea12.50%
Taiwan18.38%
Hong Kong22.55%
Sector Exposure
Cash4.61%
Health Care0.51%
Utilities0.95%
Energy2.18%
Insurance2.93%
Real Estate3.72%
Banks3.93%
Other Financials4.13%
Materials4.28%
Communication Services8.80%
Industrials9.64%
Consumer Staples11.31%
Consumer Discretionary15.10%
Information Technology27.93%
Top 10 Holdings
Taiwan Semiconductor Manufacturing Co LtdTaiwanSemiconductors & Semiconductor Equipment7.77%
Samsung Electronics Co LtdSouth KoreaTechnology Hardware & Equipment5.55%
Kweichow MoutaiChina A-sharesFood, Beverage & Tobacco3.01%
Zijin Mining Group Co LtdH-SharesMaterials2.57%
China Mobile LtdRed ChipsTelecom Services2.51%
AIA Group LtdHong KongInsurance2.47%
Tencent Holdings LtdHong KongMedia & Entertainment2.40%
MeituanHong KongRetailing2.36%
Chow Tai Fook Jewellery Group LtdHong KongRetailing2.24%
Sporton International IncTaiwanCommercial Services & Supplies1.96%
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