Managed by State Street Global Advisors

The Manager

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivaled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approx. $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

The Trustee

State Street Bank and Trust Company

State Street Bank and Trust Company is a wholly-owned subsidiary of State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $29 trillion in assets under custody and administration and $2.47 trillion* in assets under management as of December 31, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com

*AUM reflects approx. $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

Important Risk Disclosure for PAIF

  • ABF Pan Asia Bond Index Fund ("PAIF") is an exchange traded bond fund which seeks to provide investment returns that corresponds closely to the total return of the Markit iBoxx ABF Pan-Asia Index ("Index"), before fees and expenses, and its return may deviate from that of the Index.
  • PAIF primarily invests in local currency government and quasi-government bonds in eight Asian markets, comprising of China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand.
  • Investment involves risks, including risks of exposure to bonds in both developed and emerging Asia markets. Investors may lose part or all of their investments.
  • PAIF is not "actively managed" and will not try to "beat" the market it tracks.
  • The Executives' Meeting of East Asia and Pacific Central Banks group (the "EMEAP") member central banks and monetary authorities are like any other investors in PAIF and each of them may dispose of their respective interest in the Units they hold. There are no guarantees that the EMEAP member central banks and monetary authorities will continue to be investors in PAIF.
  • The trading price of PAIF may differ from the underlying net asset value per share.
  • PAIF may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the PAIF's prospectus, including the risk factors, take into consideration of the product features, their own investment objectives, risk tolerance level etc and seek independent financial and professional advices as appropriate prior to making any investment.

Fund Information

Fund Overview

Fund Overview

ABF Pan Asia Bond Index Fund (PAIF) is a component of Asian Bond Fund 2 (ABF2), the second phase of the EMEAP (Executives' Meeting of East-Asia and Pacific Central Banks) Group's initiative to further develop the bond markets in Asia. The EMEAP Group comprises 11 central banks and monetary authorities in East Asia and Pacific region, namely Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, and Thailand.

Fund Objective

The ABF Pan Asia Bond Index Fund ("PAIF") is an exchange traded fund ("ETF") that aims to track the performance of the Markit iBoxx ABF Pan Asia Index ("Index") before fees and expenses. The Manager seeks to achieve this investment objective by employing a stratified sampling approach to match the Index's characteristics and returns through investing in a well-diversified portfolio that represents the Index.

About the Index

PAIF is benchmarked to Markit iBoxx ABF Pan-Asia Index (i.e. the Underlying Index), which is constructed and published by Markit Indices Limited.

The Markit iBoxx ABF Pan-Asia Index is an indicator of investment returns of Asian currency denominated bonds issued by both government and quasi-government organizations in China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, and Thailand.

Aside from market capitalization, Markit Indices Limited also considers liquidity of the market, the country's sovereign rating, and the openness of the market, which takes into consideration the regulatory, legal and fiscal environment, and the trading and clearing infrastructure of each local market.

Fund Information

Bloomberg Ticker 2821 HK
SEHK Stock Code 2821
ISIN SG9999002026
SEDOL B0CDYD7
Benchmark Markit iBoxx ABF Pan Asia Index
Inception Date 29 June 2005
SEHK Listing Date 7 July 2005
Ongoing Charges over a Year1 0.19% of the Net Asset Value (NAV) per annum1
Board Lot Size 10 units
Base Currency USD
Trading Currency USD
Domicile Location Singapore
Registration Locations Hong Kong, Japan, Singapore
Primary Exchange Stock Exchange of Hong Kong
Regulatory Structure Collective Investment Schemes
Replication Method Stratified Sampling
Fund Manager State Street Global Advisors Singapore Limited
Trustee HSBC Institutional Trust Services (Singapore) Limited
Custodian HSBC Institutional Trust Services (Asia) Limited

Notes
1 The ongoing charges figure is based on expenses for the year ended 30 June 2019. This figure may vary from year to year. The ongoing charges figure is calculated by adding the applicable charges and payments deducted from the assets of the ABF Pan Asia Bond Index Fund (the "Trust") and then dividing by the Trust's average net asset value for the financial year.

About the Manager and Trustee

The Manager

PAIF is managed by State Street Global Advisors Singapore Limited (The Manager), which is part of State Street Global Advisors, one of the largest investment managers in the world. State Street Global Advisors is the investment management arm of State Street Corporation.

For four decades, State Street Global Advisors has served the world's governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world's third largest asset manager with nearly US$2.90 trillion1 under our care.

State Street Global Advisors Singapore Limited was established in 2000 and holds a capital market licensed in fund management regulated by the Monetary Authority of Singapore. In addition to being the Manager of PAIF, the Manager also acts as the manager of Singapore's first domestic exchange traded fund (ETF)2.

State Street Global Advisors's Hong Kong office has emerged to become one of the leading investment managers in Asia. Established in 1990, the office became a full-service investment centre in 1997. In addition to portfolio management, marketing and client service activities for Asian clients outside Japan, it is also the home of State Street Global Advisors's trading desk for the Asia Pacific region. As a full investment centre, the office now offers investment solutions to clients that range from defensive to aggressive strategies, utilising active, enhanced and passive styles of management. State Street Global Advisors Hong Kong is also the manager of the first ETF in Asia3.

The Trustee

The Trustee of PAIF is HSBC Institutional Trust Services (Singapore) Limited, which is a company incorporated in Singapore with limited liability and a registered trust company under the Trust Companies Act, Chapter 336 of Singapore.

HSBC Institutional Trust Services (Singapore) Limited is appointed as Trustee of the PAIF pursuant to the Trust Deed.

HSBC Institutional Trust Services (Singapore) Limited is part of HSBC's Institutional Fund Services business in Asia and the Middle East, which has offices in Hong Kong, Korea, Malaysia, India, Indonesia, Philippines, Thailand, Saudi Arabia and Qatar.

Notes
  1. This figure is presented as of June 30, 2019 and includes approximately US$36 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
  2. This fund is not authorized by the Hong Kong Securities and Futures Commission (SFC) and is not offered nor generally available to Hong Kong residents.
  3. This fund is not authorized by the Monetary Authority of Singapore and is not offered nor generally available to Singapore residents.

Fund Market Price

As of {{FundMarketPrice.AsofDate}}
Bid/Ask Prices {{FundMarketPrice.BidPrice}}
Closing Price {{FundMarketPrice.ClosingPrice}}
Day High {{FundMarketPrice.DayHigh}}
Day Low {{FundMarketPrice.DayLow}}
Exchange Volume (Shares) {{FundMarketPrice.ExchangeVolume}}
30 Day Average Exchange Volume (Shares) {{FundMarketPrice.AvgExchangeVolume}}

IOPV Feed

As of
Estimated NAV per Unit (USD)

Delayed by 10-15 seconds. The Estimated NAV per Unit should not be viewed as the actual NAV per Unit. The estimated NAV per Unit is provided for reference purposes only and may differ from the actual NAV per Unit calculated in accordance with the Trust Deed.

Fund Net Asset Value (NAV)

As of {{FundNetAsset.AsofDate}}
Closing NAV / Unit {{FundNetAsset.ClosingNav}}
Change * {{FundNetAsset.Change}}
Change (%) * {{FundNetAsset.ChangePer}}
Number of Outstanding Units {{FundNetAsset.OutStandingUnit}}
Total Net Assets USD {{FundNetAsset.TotalNetAsset}}
NAV History >>>

* "Change" indicates the change since the previous dealing day.

Fund Characteristics

As of {{FundCharacterstics.AsofDate}}
Number of Holdings {{FundCharacterstics.NoOfHoldings}}
Average Quality {{FundCharacterstics.AverageQuality}}
Average Duration {{FundCharacterstics.AverageDuration}}
Average Yield to Maturity {{FundCharacterstics.AverageMatuarity}}
Convexity {{FundCharacterstics.Convexity}}
Current Yield {{FundCharacterstics.CurrentYield}}
Average Coupon Rate {{FundCharacterstics.AverageCouponRate}}
Effective Duration {{FundCharacterstics.EffectiveDuration}}
Year to Maturity {{FundCharacterstics.YearMatuarity}}
Average Yield History >>>

Index Characteristics

As of {{IndexCharacterstic.AsOfDate}}
Convexity {{IndexCharacterstic.Convexity}}
Average Coupon Rate {{IndexCharacterstic.AvgCouponRate}}
Current Yield {{IndexCharacterstic.CurrentYield}}
Effective Duration {{IndexCharacterstic.EffectiveDuration}}
Year to Maturity {{IndexCharacterstic.YearMaturity}}

Index Facts

{{FEIndexFacts.FigureDateString}}
Index Launch Date 31 December 2000
Index Launch Value 100.00
Index Current Value {{FEIndexFacts.Figure}}

Purchase Information

PAIF is flexible and easy to trade. Investors buy and sell them like shares, typically through a stock broker. Investors can also employ traditional share trading techniques, including stop orders, limit orders and margin purchases (if available).

To purchase PAIF, please consult your stock broker or financial advisor.

Cumulative

As of {{PerformanceModel.AsOfDate}}
  YTD 1-Month 3-Month 6-Month
MONTH END
Fund %
Index %
QUARTER END
Fund %
Index %
Fund% Index%
MONTH END
YTD
1-Month
3-Month
6-Month
QUARTER END
YTD
1-Month
3-Month
6-Month

Annualized

As of {{PerformanceModel.AsOfDate}}
  1-Year 3-Year 5-Year 10-Year Since Inception
(29/06/2005)
MONTH END
Fund %
Index %
QUARTER END
Fund %
Index %
Fund% Index%
MONTH END
1-Year
3-Year
5-Year
10-Year
Since Inception (29/06/2005)
QUARTER END
1-Year 15.93 16.05
3-Year 2.76 2.87
5-Year 3.14 3.24
10-Year 1.91 1.99
Since Inception (29/06/2005) 3.06 3.13

Calendar

As of {{CYPFundList.AsOfDate}}
{{cpY.Year}}
Fund % {{cpF.Fund}}
Index % {{cpI.Index}}
Fund % Index %
{{cpFM.Year}} {{cpFM.Fund}} {{cpFM.Index}}

The fund performance data for the month of April 2020 is calculated based on the closing NAV on the last Hong Kong business day of the month (i.e. 29th April 2020). This closing NAV will also be applied as the opening NAV for the fund performance calculation for the month of May 2020. The index performance data for the month of April 2020 is calculated up to 30 April 2020 and took into account the valuation movements of the underlying index constituents that are traded on markets that remained open on the Hong Kong public holiday on 30th April 2020.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the cumulative and annualized performance is based on net-of-fees returns in USD terms on NAV-to-NAV basis, with all distributions reinvested.

The computation basis of the calendar-year performance is based on calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the ABF Pan Asia Bond Index Fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD, including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance.

The benchmark of the ABF Pan Asia Bond Index Fund is Markit iBoxx ABF Pan-Asia Index. The index returns are stated on a total return basis.

Fund Inception Date: 29 June 2005

Performance Graph

Fund Top Holdings

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Holding Weight
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  • {{data.Key}} {{data.Value}}

Download Portfolio Composition File (PCF): Daily CSV

Index Top Holdings

As of {{IndexTopHolding.AsOfDate}}
Holding Weight
{{data.Key}} {{data.Value}}
  • {{data.Key}} {{data.Value}}

Download Latest Breakdown: Weekly {{Extention.BreakDownExt}}


The top holdings and sector breakdown shown are as of the date indicated above and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of SSGA which may differ from the official books and records of the custodian.

Definitions of Tracking Difference and Tracking Error

Tracking Difference (TD)
Tracking Difference is the return difference between an ETF and its underlying benchmark / index over a certain period of time.

Tracking Error (TE)
Tracking error measures how consistently an ETF follows its benchmark / index. It is the volatility (measured by standard deviation) of that return difference.

Tracking DifferenceFund Listing Date: 07 Jul 2005

As of {{Tracking.AsOfDate}}
Rolling 1-Year TD {{Tracking.TrackingDifRollingData.Value}}
Calendar Year Tracking Difference
{{data.Key}} {{data.Value}}

Tracking ErrorFund Listing Date: 07 Jul 2005

As of {{Tracking.AsOfDate}}
Rolling 1-Year TE^ {{Tracking.TrackingErrRollingData.Value}}

^ Annualized based on the number of dealing days in the past year when daily TD is calculated


Graph for Tracking Difference

Performance is calculated on net-of-fees returns in USD terms on NAV-to-NAV basis, with all distributions reinvested.


Historical Dividends & Singapore Tax Vouchers

Ex-dividend Date Record Date Payment Date Dividend Per Unit Singapore Tax Vouchers*
21 Jul 2020 22 Jul 2020 3 Aug 2020 US$1.23 PDF
21 Jan 2020 22 Jan 2020 5 Feb 2020 US$1.42 PDF
19 Jul 2019 22 Jul 2019 1 Aug 2019 US$1.64 PDF
21 Jan 2019 22 Jan 2019 31 Jan 2019 US$1.76 PDF
20 Jul 2018 23 Jul 2018 2 Aug 2018 US$1.84 PDF
19 Jan 2018 22 Jan 2018 1 Feb 2018 US$1.74 PDF
21 Jul 2017 24 Jul 2017 3 Aug 2017 US$1.65 PDF
20 Jan 2017 23 Jan 2017 7 Feb 2017 US$1.52 PDF
21 Jul 2016 22 Jul 2016 4 Aug 2016 US$1.25 PDF
21 Jan 2016 22 Jan 2016 4 Feb 2016 US$1.64 PDF
21 Jul 2015 22 Jul 2015 4 Aug 2015 US$1.67 PDF
21 Jan 2015 22 Jan 2015 4 Feb 2015 US$1.89 PDF
21 Jul 2014 22 Jul 2014 5 Aug 2014 US$2.09 PDF
21 Jan 2014 22 Jan 2014 6 Feb 2014 US$2.04 PDF
19 Jul 2013 22 Jul 2013 5 Aug 2013 US$1.77 PDF
21 Jan 2013 22 Jan 2013 4 Feb 2013 US$1.67 PDF
20 Jul 2012 23 Jul 2012 2 Aug 2012 US$1.80 PDF
20 Jan 2012 26 Jan 2012 8 Feb 2012 US$1.88 PDF
21 Jul 2011 22 Jul 2011 4 Aug 2011 US$2.13 PDF
21 Jan 2011 24 Jan 2011 8 Feb 2011 US$1.88 PDF
21 Jul 2010 22 Jul 2010 4 Aug 2010 US$1.95 PDF
21 Jan 2010 22 Jan 2010 4 Feb 2010 US$1.95 PDF
21 Jul 2009 22 Jul 2009 4 Aug 2009 US$1.67 PDF
21 Jan 2009 22 Jan 2009 9 Feb 2009 US$2.14 PDF
21 Jul 2008 22 Jul 2008 5 Aug 2008 US$2.09 PDF
21 Jan 2008 22 Jan 2008 5 Feb 2008 US$2.16 PDF
20 Jul 2007 23 Jul 2007 6 Aug 2007 US$2.05 PDF
19 Jan 2007 22 Jan 2007 5 Feb 2007 US$2.16 PDF
21 Jul 2006 24 Jul 2006 2 Aug 2006 US$2.17 PDF
25 Jan 2006 26 Jan 2006 7 Feb 2006 US$2.06 PDF

*Singapore tax vouchers are issued pursuant to the Singapore Income Tax Act. If you are a person liable to Singapore tax, then please use the information to appropriately declare your taxable income in your tax returns. You will need to apply your pro rata holdings as at the record date to do the appropriate calculations.

Data as at Jan 2020. The semi-annual distributions are dependent on PAIF's performance and are not guaranteed.

You are leaving PAIF website. The website you are accessing is created and maintained by another entity. The contents of the website located at this link were not created by SSGA. SSGA does not provide any information directly to the linked website, nor do we endorse or affirm any of the information provided by it. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. SSGA takes no responsibility for supplementing, updating or correcting any information on the website. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

You are leaving PAIF website. The website you are accessing is created and maintained by another entity. The contents of the website located at this link were not created by SSGA. SSGA does not provide any information directly to the linked website, nor do we endorse or affirm any of the information provided by it. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. SSGA takes no responsibility for supplementing, updating or correcting any information on the website. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

You are leaving PAIF website. The website you are accessing is created and maintained by another entity. The contents of the website located at this link were not created by SSGA. SSGA does not provide any information directly to the linked website, nor do we endorse or affirm any of the information provided by it. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. SSGA takes no responsibility for supplementing, updating or correcting any information on the website. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

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Markit Trademark

The Markit iBoxx ABF Pan-Asia Index (the "Index") referenced herein is the property of Markit Indices Limited ("Index Sponsor") and has been licensed for use in connection with the ABF Pan Asia Bond Index Fund ("PAIF"). Each party acknowledges and agrees that the PAIF is not sponsored, endorsed or promoted by the Index Sponsor. The Index Sponsor make no representation whatsoever, whether express or implied, and hereby expressly disclaim all warranties (including, without limitation, those of merchantability or fitness for a particular purpose or use), with respect to the Index or any data included therein or relating thereto, and in particular disclaim any warranty either as to the quality, accuracy and/or completeness of the Index or any data included therein, the results obtained from the use of the Index and/or the composition of the Index at any particular time on any particular date or otherwise and/or the creditworthiness of any entity, or the likelihood of the occurrence of a credit event or similar event (however defined) with respect to an obligation, in the Index at any particular time on any particular date or otherwise. The Index Sponsor shall not be liable (whether in negligence or otherwise) to the parties or any other person for any error in the Index, and the Index Sponsor is under no obligation to advise the parties or any person of any error therein.

The Index Sponsor makes no representation whatsoever, whether express or implied, as to the advisability of purchasing of selling the PAIF, the ability of the Index to track relevant markets' performances, or otherwise relating to the Index or any transaction or product with respect thereto, or of assuming any risks in connection therewith. The Index Sponsor has no obligation to take the needs of any party into consideration in determining, composing or calculating the Index. No party purchasing or selling the PAIF, nor the Index Sponsor, shall have any liability to any party for any act or failure to act by the Index Sponsor in connection with the determination, adjustment, calculation or maintenance of the Index.

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