ABF Pan Asia Bond Index Fund 2821 HK

Important Risk Disclosure

  • 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.
Closing NAV / Unit

USD 122.3222

as of 14 May 2021

INAV

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.

as of

Base Currency

USD

1 Day Nav Change

USD +0.04 (+0.03%)

as of 14 May 2021

Total Net Assets

USD 3,790.28 M

as of 14 May 2021

Ongoing Charges Over a Year

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.

0.19%


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

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

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 as of 14 May 2021

Fund Information as of 14 May 2021
Benchmark Inception Date Ongoing Charges Over a Year

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.

Board Lot Size Base Currency Domicile Location Registration Locations
Markit iBoxx ABF Pan-Asia Index 29 Jun 2005 0.19% 10 Units USD Singapore Hong Kong, Japan, Singapore
Benchmark Markit iBoxx ABF Pan-Asia Index
Inception Date 29 Jun 2005
Ongoing Charges Over a Year

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.

0.19%
Board Lot Size 10 Units
Base Currency USD
Domicile Location Singapore
Registration Locations Hong Kong, Japan, Singapore
Regulatory Structure Replication Method Fund Manager Trustee Custodian
Collective Investment Schemes Stratified Sampling State Street Global Advisors Singapore Limited HSBC Institutional Trust Services (Singapore) Limited HSBC Institutional Trust Services (Asia) Limited
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
Fund 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.

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)1.

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 Asia2.

Notes

  • 1. 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.
  • 2. This fund is not authorized by the Monetary Authority of Singapore and is not offered nor generally available to Singapore residents.
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.


Listing Information as of 17 May 2021

Listing Information as of 17 May 2021

Exchange The Stock Exchange of Hong Kong Limited
Trading Currency USD
Listing Date 07 Jul 2005
Stock Code 2821
SEDOL Code B0CDYD7
Bloomberg Code 2821 HK
ISIN SG9999002026
Exchange Trading Currency Listing Date Stock Code SEDOL Code Bloomberg Code ISIN
The Stock Exchange of Hong Kong Limited USD 07 Jul 2005 2821 B0CDYD7 2821 HK SG9999002026

Fund Market Price as of 14 May 2021

Fund Market Price as of 14 May 2021
Bid/Ask Prices Closing Price Day High Day Low Exchange Volume (Shares) 30 Day Average Exchange Volume (Shares)
USD 121.80 / 122.50 USD 122.20 USD 122.20 USD 122.20 200.00 509.67
Bid/Ask Prices USD 121.80 / 122.50
Closing Price USD 122.20
Day High USD 122.20
Day Low USD 122.20
Exchange Volume (Shares) 200.00
30 Day Average Exchange Volume (Shares) 509.67

INAV

INAV

Estimated NAV per Unit as of (Updated every 15 seconds)
As of (Updated every 15 seconds)
INAV TICKER CURRENCY INAV
Estimated NAV per Unit as of (Updated every 15 seconds)
As of (Updated every 15 seconds)
INAV TICKER
CURRENCY
INAV

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 as of 14 May 2021

Fund Net Asset Value as of 14 May 2021
Closing NAV / Unit 1 Day Nav Change

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

Change (%)

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

Number of Outstanding Units Total Net Assets
USD 122.3222 USD 0.04 0.03% 30,986,004.00 USD 3,790.28 M
Closing NAV / Unit USD 122.3222
1 Day Nav Change

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

USD 0.04
Change (%)

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

0.03%
Number of Outstanding Units 30,986,004.00
Total Net Assets USD 3,790.28 M
Most Recent NAV / NAV History

Fund Characteristics as of 30 Apr 2021

Fund Characteristics as of 30 Apr 2021
Number of Holdings Average Quality Average Duration Average Yield to Maturity Effective Convexity Current Yield Average Coupon Rate
372 A+/A+ 7.28 2.89% 1.04 3.39% 3.56%
Number of Holdings 372
Average Quality A+/A+
Average Duration 7.28
Average Yield to Maturity 2.89%
Effective Convexity 1.04
Current Yield 3.39%
Average Coupon Rate 3.56%
Effective Duration Year to Maturity
7.28 9.54
Effective Duration 7.28
Year to Maturity 9.54
Average Yield History

Index Characteristics as of 30 Apr 2021

Index Characteristics as of 30 Apr 2021
Effective Convexity Average Coupon Rate Current Yield Effective Duration Year to Maturity
1.06 3.38% 3.32% 7.28 9.58
Effective Convexity 1.06
Average Coupon Rate 3.38%
Current Yield 3.32%
Effective Duration 7.28
Year to Maturity 9.58

Index Facts as of 14 May 2021

Index Facts as of 14 May 2021
Index Launch Date Index Launch Value Index Current Value
31 Dec 2000 100.00 221.08
Index Launch Date 31 Dec 2000
Index Launch Value 100.00
Index Current Value 221.08

Fund Performance

Fund Performance

  • Fund Inception Date: 29 Jun 2005
  • Index Inception Date: 31 Dec 2000

as of 30 Apr 2021

as of 31 Mar 2021

As Of YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 30 Apr 2021 -3.2% 1.8% -2.5% 0.4% 5.9% 12.5% 16.5% 30.0% 98.0%
Markit iBoxx ABF Pan-Asia Index 30 Apr 2021 -3.0% 1.8% -2.4% 0.6% 5.9% 14.3% 19.7% 36.8% 117.1%
As Of YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 31 Mar 2021 -4.9% -2.4% -4.9% 0.1% 6.7% 9.8% 14.7% 30.5% 94.6%
Markit iBoxx ABF Pan-Asia Index 31 Mar 2021 -4.7% -2.4% -4.7% 0.4% 7.5% 11.6% 17.7% 37.4% 113.2%

as of 30 Apr 2021

as of 31 Mar 2021

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 30 Apr 2021 5.9% 4.0% 3.1% 2.7% 4.4%
Markit iBoxx ABF Pan-Asia Index 30 Apr 2021 5.9% 4.6% 3.7% 3.2% 5.0%
As Of 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 31 Mar 2021 6.7% 3.2% 2.8% 2.7% 4.3%
Markit iBoxx ABF Pan-Asia Index 31 Mar 2021 7.5% 3.7% 3.3% 3.2% 4.9%

as of 30 Apr 2021

2021 (YTD) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund -3.2% 8.9% 7.9% 0.1% 9.3% -0.5% -3.4% 3.8% -4.9% 7.5% 6.4%
Markit iBoxx ABF Pan-Asia Index -3.0% 9.5% 8.6% 0.4% 9.9% 0.0% -2.8% 4.2% -4.2% 7.9% 7.0%

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 (single pricing) basis, with all dividends reinvested, taking into account all charges payable upon reinvestment.

The computation basis of the calendar-year performance is based on calendar year end, in USD terms on NAV-to-NAV (single pricing) basis, with dividends reinvested , taking into account all charges payable upon reinvestment. These figures show by how much the ABF Pan Asia Bond Index Fund increased or decreased in value during the calendar year being shown.

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


Definitions of Tracking Difference and Tracking Error

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 Error as of 30 Apr 2021 - SEHK Listing Date 07 Jul 2005

Tracking Error as of 30 Apr 2021 - SEHK Listing Date 07 Jul 2005

Rolling 1-Year TE^
0.6098%
Rolling 1-Year TE^ 0.6098%

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


Tracking Difference as of 30 Apr 2021 - SEHK Listing Date 07 Jul 2005

Tracking Difference as of 30 Apr 2021 - SEHK Listing Date 07 Jul 2005

Rolling 1-Year TD 2020 2019 2018 2017 2016 2015
-0.0148% -0.6722% -0.6771% -0.2762% -0.5827% -0.5027% -0.5491%
Rolling 1-Year TD -0.0148%
2020 -0.6722%
2019 -0.6771%
2018 -0.2762%
2017 -0.5827%
2016 -0.5027%
2015 -0.5491%
2014 2013 2012 2011 2010 2009 2008
-0.4404% -0.6431% -0.4591% -0.5687% -0.5841% -0.7882% -0.6907%
2014 -0.4404%
2013 -0.6431%
2012 -0.4591%
2011 -0.5687%
2010 -0.5841%
2009 -0.7882%
2008 -0.6907%
2007 2006
-0.5614% -0.9038%
2007 -0.5614%
2006 -0.9038%

Tracking Difference Graph

Tracking Difference Graph

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


Top Holdings

Top Holdings
Fund Top 10 Holdingsas of 30 Apr 2021
Index Top 10 Holdingsas of 30 Apr 2021

Fund Top 10 Holdings as of 30 Apr 2021

Holding Weight
CHINA (GOVT OF) SER 1904 (REG) 3.19% 11APR2024(INTERBANK) 1.66%
CHINA GOVERNMENT BOND SER 1827 (REG) 3.25% 22NOV2028(INTERBANK) 1.38%
SINGAPORE (GOVT OF) 2.75% 01JUL2023 1.26%
SINGAPORE (GOVT OF) 2.875% 01/09/2030 1.21%
SINGAPORE GOVERNMENT 2.75% 01MAR2046 1.19%
SINGAPORE (GOVT OF) 3.5PCT 01/03/2027 1.12%
PHILIPPINES (REP OF) SER 2017 8PCT 19/07/2031 1.04%
SINGAPORE (GOVT OF) 3% 01SEP2024 1.01%
HONG KONG (GOVT OF) 1.16% 18MAY2022 0.97%
CHINA (GOVT OF) 2.95% 16JUN23(INTERBANK) 0.97%
Download All Holdings: Daily Month-End

Index Top 10 Holdings as of 30 Apr 2021

Holding Weight
SINGAPORE (Govt) 2.875% 9/1/2030 1.12%
HONG KONG (Govt) 1.1% 1/17/2023 1.09%
SINGAPORE (Govt) 1.75% 2/1/2023 1.09%
SINGAPORE (Govt) 3.125% 9/1/2022 1.02%
SINGAPORE (Govt) 3.5% 3/1/2027 1.00%
SINGAPORE (Govt) 3% 9/1/2024 1.00%
SINGAPORE (Govt) 2.75% 7/1/2023 0.99%
SINGAPORE (Govt) 2.875% 7/1/2029 0.90%
SINGAPORE (Govt) 2.75% 3/1/2046 0.90%
SINGAPORE (Govt) 3.375% 9/1/2033 0.85%

The top holdings 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.

Index Constituents and Weights


Geographical Breakdown

Geographical Breakdown

Purchase Information

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.