| Fund Type: | Single | Discretionary/Quantitative: |
Discretionary |
| Strategy: | Equity Long | FUM (millions): | AU$3.74m |
| Style: | Value | Fund Inception Date: | Since 04 June 2008 |
| Geographic Mandate: | Asia ex Japan | Latest Return Date: | March 2021 |
| Fund Domicile: | Australia | Investor Type: | Wholesale & Retail |
| Status: | Closed | Reporting Status: | Ceased Reporting |
| Manager: | Premium China Funds Management | Total FUM for all funds: | AU$338m |
|
Manager Overview:
Premium China Funds Management is a boutique funds management group established in 2005 to bring Asia investment opportunities into the Australian market, in order to bridge the gap between investors' needs to internationally diversify and the suite of investment solutions available.
The business team is comprised of six key individuals - Simon Wu (Executive Chairman & Chief Investment Strategist), Dean Groundwater (Director), Jonathan Wu (Executive Director & Head of Distribution and Operations), Derek Paas (Asia Investment Specialist), Clayton Coplestone (Investment Specialist - New Zealand) and Kevin Hu (Manager - Operations and Research). |
Fund/Strategy Overview:
The Fund aims to provide capital growth over a three to five year period, prior to exchange rates effects, by primarily investing in the securities of Asian property or property-related companies across a range of market capitalisations with exposure to any, some, or all of the following: Hong Kong, Mainland China, Taiwan, Macau, Malaysia, Philippines, Singapore, Republic of Korea, Thailand and Indonesia.
The Fund is managed by Value Partners using a 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. In addition to direct investment in the securities of Asian property or property-related companies, the Fund may also invest in listed equities (including depositary receipts), listed China A shares, listed unit trusts, shares in mutual fund corporations and other collective investment schemes (including real estate investment trusts), derivatives including both exchange-traded and OTC, convertible securities, participatory notes, bonds, cash and cash equivalents, and foreign exchange contracts. |
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| Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
| AU$25,000 | AU$10,000 | Daily | |
| Regular Savings Option: | Regular Savings Min. Amount : |
Regular Savings Max. Amount : |
Regular Savings Freq.: |
| No | |||
| Redemption Notice: | Redemption Frequency: | Notes: | |
| Daily |
|||
| Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
| Yes | Annually | 30 June 2018 | AU$0.151088 |
| Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
| Onshore | Unit Trust | AU$ | Equity Trustees Limited |
| Administrator: | Prime Broker: | Custodian: | Legal: |
| Link Fund Solutions Pty Ltd | N/A | Link Fund Solutions Pty Ltd | Equity Trustees Limited; Hall & Wilcox |
| Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
| 2.1% | 20% | Yes | 10% p.a. |
| Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
| 0.250% | 0.250% | No |
| Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
| March 2021 | -2.55% | 04 June 2008 | 9.98% |
| Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
| 0.70% | -2.42% | -11.18% | -10.38% |
| Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
| -3.74% | 3.74% | 4.48% | 7.41% |
| % Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
| 59.74% | 0.92% | 3.94% | -3.56% |
| Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
| 16.08% | -15.08% | 115.94% | 87.11% |
| Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
| -25.84% | 29 months | -20.97% | 15 months |
| Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
| 17.26% | 10.89% | 0.64 | - |
| Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
| -0.97 | -0.28 | 0.31 | 0.49 |
| Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate | |||
AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Premium Asia Property Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.
As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.
Quintile data is pending for Premium Asia Property Fund.
| Lonsec: | Investment Grade, July 2017 |
| SQM: | Favourable: 3.75 stars, June 2017 |
Historical Performance (all figures shown here are net of fees unless otherwise stated)
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | -2.44 | 5.92 | -2.55 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | 0.70 |
| 2020 | -4.24 | 3.17 | -9.93 | -1.21 | -5.47 | -0.14 | -0.07 | 0.61 | -2.92 | -3.41 | 5.08 | -4.53 | -21.53 |
| 2019 | 6.39 | 1.23 | 8.98 | -1.50 | -3.50 | 3.69 | -0.54 | -4.63 | 0.42 | 2.86 | 1.29 | 3.92 | 19.30 |
| 2018 | 12.52 | -6.66 | 2.06 | -0.16 | -0.46 | -3.79 | 0.37 | 0.03 | -2.40 | -5.41 | 4.21 | 2.45 | 1.42 |
| 2017 | 1.18 | 3.43 | 2.68 | 4.45 | 3.34 | 0.61 | 3.23 | 1.75 | 0.41 | 2.00 | 2.19 | 1.48 | 30.17 |
| 2016 | -11.70 | -0.98 | -0.25 | 0.48 | 1.17 | -0.34 | 3.30 | 5.30 | -1.27 | -4.18 | -0.41 | -3.66 | -12.75 |
| 2015 | 3.43 | 1.18 | 3.92 | 9.59 | -2.53 | -2.44 | -9.22 | -8.76 | 5.41 | 6.96 | -1.29 | 4.58 | 9.26 |
| 2014 | -2.54 | -3.12 | 0.53 | 0.77 | 1.67 | -0.92 | 13.83 | -2.62 | -2.11 | 3.11 | 9.11 | 12.14 | 31.89 |
| 2013 | 2.62 | -0.30 | -3.65 | 4.08 | 3.43 | -6.12 | 0.69 | -0.73 | -2.98 | 0.02 | -0.20 | -2.71 | -6.16 |
| 2012 | 7.27 | 7.56 | -1.45 | 3.30 | -1.30 | 0.61 | 2.45 | 2.38 | 6.19 | 2.77 | 8.95 | 3.59 | 50.67 |
| 2011 | 0.86 | -4.25 | 2.19 | 1.19 | 1.15 | -5.24 | 3.30 | -10.79 | -15.08 | 9.25 | -7.40 | 4.46 | -20.84 |
| 2010 | -7.34 | 2.35 | 3.00 | -3.67 | 0.88 | 2.78 | 3.99 | 1.37 | 4.36 | 2.03 | 0.29 | -0.90 | 8.84 |
| 2009 | 5.31 | -6.82 | 14.20 | 11.04 | 16.08 | 6.00 | 3.04 | -8.51 | 8.71 | 0.51 | 3.85 | -3.45 | 58.13 |
| 2008 | N/R | N/R | N/R | N/R | N/R | -2.26 | -0.65 | -0.35 | 0.89 | 1.20 | 5.63 | 7.79 | 12.48 |
Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)
| Year | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | Jan % | Feb % | Mar % | Apr % | May % | Jun % | FYTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020/2021 | -0.07 | 0.61 | -2.92 | -3.41 | 5.08 | -4.53 | -2.44 | 5.92 | -2.55 | 0.00 | 0.00 | 0.00 | -4.76 |
| 2019/2020 | -0.54 | -4.63 | 0.42 | 2.86 | 1.29 | 3.92 | -4.24 | 3.17 | -9.93 | -1.21 | -5.47 | -0.14 | -14.43 |
| 2018/2019 | 0.37 | 0.03 | -2.40 | -5.41 | 4.21 | 2.45 | 6.39 | 1.23 | 8.98 | -1.50 | -3.50 | 3.69 | 14.47 |
| 2017/2018 | 3.23 | 1.75 | 0.41 | 2.00 | 2.19 | 1.48 | 12.52 | -6.66 | 2.06 | -0.16 | -0.46 | -3.79 | 14.33 |
| 2016/2017 | 3.30 | 5.30 | -1.27 | -4.18 | -0.41 | -3.66 | 1.18 | 3.43 | 2.68 | 4.45 | 3.34 | 0.61 | 15.21 |
| 2015/2016 | -9.22 | -8.76 | 5.41 | 6.96 | -1.29 | 4.58 | -11.70 | -0.98 | -0.25 | 0.48 | 1.17 | -0.34 | -14.81 |
| 2014/2015 | 13.83 | -2.62 | -2.11 | 3.11 | 9.11 | 12.14 | 3.43 | 1.18 | 3.92 | 9.59 | -2.53 | -2.44 | 55.16 |
| 2013/2014 | 0.69 | -0.73 | -2.98 | 0.02 | -0.20 | -2.71 | -2.54 | -3.12 | 0.53 | 0.77 | 1.67 | -0.92 | -9.26 |
| 2012/2013 | 2.45 | 2.38 | 6.19 | 2.77 | 8.95 | 3.59 | 2.62 | -0.30 | -3.65 | 4.08 | 3.43 | -6.12 | 28.71 |
| 2011/2012 | 3.30 | -10.79 | -15.08 | 9.25 | -7.40 | 4.46 | 7.27 | 7.56 | -1.45 | 3.30 | -1.30 | 0.61 | -3.55 |
| 2010/2011 | 3.99 | 1.37 | 4.36 | 2.03 | 0.29 | -0.90 | 0.86 | -4.25 | 2.19 | 1.19 | 1.15 | -5.24 | 6.80 |
| 2009/2010 | 3.04 | -8.51 | 8.71 | 0.51 | 3.85 | -3.45 | -7.34 | 2.35 | 3.00 | -3.67 | 0.88 | 2.78 | 0.76 |
| 2008/2009 | -0.65 | -0.35 | 0.89 | 1.20 | 5.63 | 7.79 | 5.31 | -6.82 | 14.20 | 11.04 | 16.08 | 6.00 | 76.19 |
| 2007/2008 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.26 | -2.26 |
