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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.

  • 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 105.5936
as of 22 May 2024
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 0.07 (+0.07%)
as of 22 May 2024
Total Net Assets
USD 3,385.74 M
as of 22 May 2024
Ongoing Charges Over a Year

The ongoing charges figure is based on expenses for the year ended 30 June 2023. 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.

0.18%

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 GmbH.

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 GmbH 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 23 May 2024

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 2023. 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.

0.18%
Board Lot Size 10 Units
Base Currency USD
Domicile Location Singapore
Registration Locations Hong Kong, Japan, Singapore
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

Listing Information as of 23 May 2024

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 22 May 2024

Bid/Ask Prices USD 104.75 / 120.00
Closing Price USD 105.20
Day High USD 105.20
Day Low USD 105.20
Exchange Volume (Shares) 361,740.00
30 Day Average Exchange Volume (Shares) 12,614.33

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 22 May 2024

Closing NAV / Unit USD 105.5936
1 Day Nav Change

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

USD 0.07
Change (%)

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

0.07%
Number of Outstanding Units 32,063,884.00
Total Net Assets USD 3,385.74 M

Fund Characteristics as of 30 Apr 2024

Number of Holdings 579
Average Quality A+/A+
Average Duration 6.77
Average Yield to Maturity 3.73%
Effective Convexity 0.99
Current Yield 3.60%
Average Coupon Rate 3.64%
Effective Duration 6.77
Years to Maturity 9.22

Index Characteristics as of 30 Apr 2024

Effective Convexity 0.99
Average Coupon Rate 3.56%
Current Yield 3.54%
Effective Duration 6.77
Years to Maturity 9.18

Index Facts as of 22 May 2024

Index Launch Date 31 Dec 2000
Index Launch Value 100.00
Index Current Value 209.62

Fund Performance

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

as of 30 Apr 2024

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 30 Apr 2024 -1.9% -2.5% 0.8% 1.2% 3.3%
Benchmark
Markit iBoxx ABF Pan-Asia Index
30 Apr 2024 -1.7% -2.2% 1.1% 1.7% 3.8%

as of 31 Mar 2024

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 31 Mar 2024 0.1% -1.2% 0.9% 1.5% 3.4%
Benchmark
Markit iBoxx ABF Pan-Asia Index
31 Mar 2024 0.4% -0.9% 1.3% 2.0% 4.0%

as of 30 Apr 2024

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 2024 -4.3% -2.1% -2.3% 3.2% -1.9% -7.3% 3.8% 12.8% 83.6%
Benchmark
Markit iBoxx ABF Pan-Asia Index
30 Apr 2024 -4.3% -2.1% -2.3% 3.3% -1.7% -6.5% 5.9% 17.9% 102.9%

as of 31 Mar 2024

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 2024 -2.2% -0.1% -2.2% 4.5% 0.1% -3.6% 4.7% 16.1% 87.6%
Benchmark
Markit iBoxx ABF Pan-Asia Index
31 Mar 2024 -2.2% -0.1% -2.2% 4.7% 0.4% -2.8% 6.8% 21.4% 107.3%

as of 30 Apr 2024

2024 (YTD) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund -4.3% 5.4% -7.6% -3.7% 8.9% 7.9% 0.1% 9.3% -0.5% -3.4% 3.8%
Benchmark
Markit iBoxx ABF Pan-Asia Index
-4.3% 5.7% -7.3% -3.3% 9.5% 8.6% 0.4% 9.9% 0.0% -2.8% 4.2%

Past Performance is not a reliable indicator 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

Fund History as of 30 Apr 2024

Growth of $10,000: ABF Pan Asia Bond Index Fund

Fund Inception Date: 29 Jun 2005

Currency: USD

The Hypothetical Growth of $10,000 chart reflects a hypothetical US$10,000 investment and assumes reinvestment of all dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Past performance information is not indicative of future performance. Investors may lose part or all of their investments.

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 2024 - SEHK Listing Date 07 Jul 2005

Rolling 1-Year TE^ * 0.1089%

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

Tracking Difference as of 30 Apr 2024 - SEHK Listing Date 07 Jul 2005

Rolling 1-Year TD -0.2285%
2023 -0.3332%
2022 -0.2556%
2021 -0.3351%
2020 -0.6722%
2019 -0.6771%
2018 -0.2762%
2017 -0.5827%
2016 -0.5027%
2015 -0.5491%
2014 -0.4404%
2013 -0.6431%
2012 -0.4591%
2011 -0.5687%
2010 -0.5841%
2009 -0.7882%
2008 -0.6907%
2007 -0.5614%
2006 -0.9038%

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

as of 30 Apr 2024
as of 30 Apr 2024

Fund Top 10 Holdings as of 30 Apr 2024

Holding Weight
SINGAPORE (GOVT OF) 2.125% 01JUN2026 1.07%
SINGAPORE(GOVT OF) 2.375% 01JUN2025 0.95%
SINGAPORE (GOVT OF) 3.5PCT 01/03/2027 0.92%
SINGAPORE GOVERNMENT 0.5% 01NOV2025 0.84%
HONG KONG(GOVT OF) 1.68% 21/01/2026 0.81%
SINGAPORE (GOVT OF) 3.375% 01SEP2033 0.77%
SINGAPORE GOVERNMENT 2.875% 01JUL2029 0.76%
PHILIPPINES (REP OF) SER 2017 8PCT 19/07/2031 0.72%
SINGAPORE GOVERNMENT 2.25% 01AUG2036 0.69%
SINGAPORE (GOVT OF) 2.875% 01/09/2030 0.69%
Download All Holdings: Daily Month-End

Index Top 10 Holdings as of 30 Apr 2024

Holding Weight
HONG KONG (Govt) 1.68% 1/21/2026 1.41%
SINGAPORE (Govt) 2.375% 6/1/2025 1.08%
SINGAPORE (Govt) 2.125% 6/1/2026 1.04%
SINGAPORE (Govt) 3.5% 3/1/2027 1.00%
HONG KONG (Govt) 1.25% 6/29/2027 0.96%
SINGAPORE (Govt) 3.375% 9/1/2033 0.88%
SINGAPORE (Govt) 2.875% 9/1/2030 0.85%
SINGAPORE (Govt) 2.75% 3/1/2046 0.79%
SINGAPORE (Govt) 2.25% 8/1/2036 0.75%
SINGAPORE (Govt) 0.5% 11/1/2025 0.75%

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

Dividend Information as of 12 Jan 2024

Ex Dividend Date Record Date Payable Date Distribution Amount Per Unit (USD$) Singapore Tax Vouchers*
19/01/2024 22/01/2024 01/02/2024 1.71 PDF
21/07/2023 24/07/2023 03/08/2023 1.71 PDF
20/01/2023 26/01/2023 08/02/2023 1.61 PDF
21/07/2022 22/07/2022 03/08/2022 1.67 PDF
21/01/2022 24/01/2022 08/02/2022 1.48 PDF
21/07/2021 22/07/2021 03/08/2021 1.37 PDF
21/01/2021 22/01/2021 03/02/2021 1.27 PDF
21/07/2020 22/07/2020 03/08/2020 1.23 PDF
21/01/2020 22/01/2020 05/02/2020 1.42 PDF
19/07/2019 22/07/2019 01/08/2019 1.64 PDF
21/01/2019 22/01/2019 31/01/2019 1.76 PDF
20/07/2018 23/07/2018 02/08/2018 1.84 PDF
19/01/2018 22/01/2018 01/02/2018 1.74 PDF
21/07/2017 24/07/2017 03/08/2017 1.65 PDF
20/01/2017 23/01/2017 07/02/2017 1.52 PDF
21/07/2016 22/07/2016 04/08/2016 1.25 PDF
21/01/2016 22/01/2016 04/02/2016 1.64 PDF
21/07/2015 22/07/2015 04/08/2015 1.67 PDF
21/01/2015 22/01/2015 04/02/2015 1.89 PDF
21/07/2014 22/07/2014 05/08/2014 2.09 PDF
21/01/2014 22/01/2014 06/02/2014 2.04 PDF
19/07/2013 22/07/2013 05/08/2013 1.77 PDF
21/01/2013 22/01/2013 04/02/2013 1.67 PDF
20/07/2012 23/07/2012 02/08/2012 1.8 PDF
20/01/2012 26/01/2012 08/02/2012 1.88 PDF
21/07/2011 22/07/2011 04/08/2011 2.13 PDF
21/01/2011 24/01/2011 08/02/2011 1.88 PDF
21/07/2010 22/07/2010 04/08/2010 1.95 PDF
21/01/2010 22/01/2010 04/02/2010 1.95 PDF
21/07/2009 22/07/2009 04/08/2009 1.67 PDF
21/01/2009 22/01/2009 09/02/2009 2.14 PDF
21/07/2008 22/07/2008 05/08/2008 2.09 PDF
21/01/2008 22/01/2008 05/02/2008 2.16 PDF
20/07/2007 23/07/2007 06/08/2007 2.05 PDF
19/01/2007 22/01/2007 05/02/2007 2.16 PDF
21/07/2006 24/07/2006 02/08/2006 2.17 PDF
25/01/2006 26/01/2006 07/02/2006 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.

The semi-annual distributions are dependent on PAIF's performance and are not guaranteed.

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.