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    ABF Pan Asia Bond Index Fund 2821 HK

    Closing NAV / Unit
    USD 111.3284
    as of 26 Jan 2023
    INAV
    as of
    Base Currency
    USD
    1 Day Nav Change
    + USD 0.61 (+0.55%)
    as of 26 Jan 2023
    Total Net Assets
    USD 3,483.73 M
    as of 26 Jan 2023
    Ongoing Charges Over a Year
    0.18%

    Quick Links

    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 27 Jan 2023

    Benchmark Markit iBoxx ABF Pan-Asia Index
    Inception Date 29 Jun 2005
    Ongoing Charges Over a 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 27 Jan 2023

    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 26 Jan 2023

    Bid/Ask Prices USD 110.90 / 111.60
    Closing Price USD 110.90
    Day High USD 110.80
    Day Low USD 110.80
    Exchange Volume (Shares) 60.00
    30 Day Average Exchange Volume (Shares) 569.00

    INAV

    Estimated NAV per Unit as of (Updated every 15 seconds)
    As of (Updated every 15 seconds)
    STOCK CODE 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 26 Jan 2023

    Closing NAV / Unit USD 111.3284
    1 Day Nav Change
    		 USD 0.61
    Change (%)
    		 0.55%
    Number of Outstanding Units 31,292,354.00
    Total Net Assets USD 3,483.73 M
    Most Recent NAV / NAV History

    Fund Characteristics as of 31 Dec 2022

    Number of Holdings 504
    Average Credit Quality A+/A+
    Average Duration 6.70
    Yield to Maturity 3.85%
    Effective Convexity 0.94
    Current Yield 3.65%
    Average Coupon 3.51%
    Effective Duration 6.70
    Years to Maturity 9.03
    Average Yield History

    Index Characteristics as of 31 Dec 2022

    Effective Convexity 0.94
    Average Coupon 3.40%
    Current Yield 3.59%
    Effective Duration 6.70
    Years to Maturity 9.01

    Index Facts as of 26 Jan 2023

    Index Launch Date 31 Dec 2000
    Index Launch Value 100.00
    Index Current Value 213.35

    Fund Performance

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

    as of 31 Dec 2022

    As Of YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Inception
    29 Jun 2005
    Fund 31 Dec 2022 -7.6% 3.2% 8.0% 1.9% -7.6% -3.1% 4.7% 8.7% 82.1%
    Markit iBoxx ABF Pan-Asia Index 31 Dec 2022 -7.3% 3.2% 8.0% 2.1% -7.3% -1.9% 7.0% 14.1% 100.5%

    as of 31 Dec 2022

    As Of YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Inception
    29 Jun 2005
    Fund 31 Dec 2022 -7.6% 3.2% 8.0% 1.9% -7.6% -3.1% 4.7% 8.7% 82.1%
    Markit iBoxx ABF Pan-Asia Index 31 Dec 2022 -7.3% 3.2% 8.0% 2.1% -7.3% -1.9% 7.0% 14.1% 100.5%

    as of 31 Dec 2022

    As Of 1 Year 3 Year 5 Year 10 Year Since Inception
    29 Jun 2005
    Fund 31 Dec 2022 -7.6% -1.0% 0.9% 0.8% 3.5%
    Markit iBoxx ABF Pan-Asia Index 31 Dec 2022 -7.3% -0.6% 1.4% 1.3% 4.1%

    as of 31 Dec 2022

    As Of 1 Year 3 Year 5 Year 10 Year Since Inception
    29 Jun 2005
    Fund 31 Dec 2022 -7.6% -1.0% 0.9% 0.8% 3.5%
    Markit iBoxx ABF Pan-Asia Index 31 Dec 2022 -7.3% -0.6% 1.4% 1.3% 4.1%

    as of 31 Dec 2022

    2022 (YTD) 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
    Fund -7.6% -3.7% 8.9% 7.9% 0.1% 9.3% -0.5% -3.4% 3.8% -4.9% 7.5%
    Markit iBoxx ABF Pan-Asia Index -7.3% -3.3% 9.5% 8.6% 0.4% 9.9% 0.0% -2.8% 4.2% -4.2% 7.9%

    Past performance information is not necessarily indicative of the 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 31 Dec 2022

    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 SGD $10,000 investment and assumes reinvestment of all dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Past performance is not necessarily indicative of the 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 31 Dec 2022 - SEHK Listing Date 07 Jul 2005

    Rolling 1-Year TE^ * 0.1656%

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

    * PAIF's Rolling 1-Year Tracking Error figures were revised for the period as of 30 June 2022, 31 July 2022 and 31 August 2022 in September 2022 from 0.3764%, 0.3828% and 0.3827% to 0.1180%, 0.1216% and 0.1237% respectively.

    Tracking Difference as of 31 Dec 2022 - SEHK Listing Date 07 Jul 2005

    Rolling 1-Year TD -0.2478%
    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 31 Dec 2022
    as of 31 Dec 2022

    Fund Top 10 Holdings as of 31 Dec 2022

    Holding Weight
    CHINA (GOVT OF) SER 1904 (REG) 3.19% 11APR2024(INTERBANK) 1.41%
    HONG KONG MORTGAGE CORP SER EMTN (REG) (REG S) 5% 25OCT2024 1.17%
    SINGAPORE (GOVT OF) 2.125% 01JUN2026 1.16%
    SINGAPORE (GOVT OF) 3% 01SEP2024 1.05%
    SINGAPORE (GOVT OF) 3.5PCT 01/03/2027 0.93%
    SINGAPORE GOVERNMENT 2.875% 01JUL2029 0.92%
    SINGAPORE GOVERNMENT 2.75% 01MAR2046 0.85%
    SINGAPORE GOVERNMENT 2% 01FEB2024 0.82%
    PHILIPPINES (REP OF) SER 2017 8PCT 19/07/2031 0.78%
    SINGAPORE (GOVT OF) 2.75% 01APR2042 0.76%
    Download All Holdings: Daily Month-End

    Index Top 10 Holdings as of 31 Dec 2022

    Holding Weight
    SINGAPORE (Govt) 3% 9/1/2024 1.09%
    SINGAPORE (Govt) 3.5% 3/1/2027 1.07%
    SINGAPORE (Govt) 2% 2/1/2024 0.95%
    SINGAPORE (Govt) 2.875% 9/1/2030 0.91%
    SINGAPORE (Govt) 2.375% 6/1/2025 0.81%
    SINGAPORE (Govt) 2.25% 8/1/2036 0.80%
    SINGAPORE (Govt) 2.125% 6/1/2026 0.80%
    SINGAPORE (Govt) 2.75% 3/1/2046 0.75%
    SINGAPORE (Govt) 2.875% 7/1/2029 0.73%
    HONG KONG (Govt) 1.68% 1/21/2026 0.72%

    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 13 Jan 2023

    Ex Dividend Date Record Date Payable Date Distribution Amount Per Unit (USD$) Singapore Tax Vouchers*
    20/01/2023 26/01/2023 07/02/2023 1.61 -
    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
    Download All Dividends

    *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.

    This advertisement or publication has not been reviewed by the Monetary Authority of Singapore (the "MAS"). 

    The ABF Pan Asia Bond Index Fund (the 'PAIF') is an authorized unit trust in Hong Kong and Singapore only. Authorization does not imply official recommendation. Nothing contained here constitutes investment advice or should be relied on as such. Past performance of PAIF is not necessarily indicative of its future performance. The prospectus for PAIF is available and may be obtained from State Street Global Advisors Singapore Limited (the "Manager") (Singapore Company Registration number: 200002719D, regulated by the MAS) and authorized participants. Investors should read the prospectus before deciding whether to acquire units in PAIF. The value of units in PAIF and accruing to such units, if any, may fall or rise. The semi-annual distributions are dependent on PAIF's performance and are not guaranteed. Redemption of PAIF’s units could only be executed in substantial size through designated dealers and the listing of PAIF on the Stock Exchange of Hong Kong Limited and the Tokyo Stock Exchange (the 'Stock Exchanges') do not guarantee a liquid market for the units, and PAIF may be delisted from the Stock Exchanges. The Fund's Prospectus is available from State Street Global Advisors or can be downloaded from www.abf-paif.com*.

    All the information contained in this website is from SSGA and as of date indicated unless otherwise noted.

    The information contained in this website is issued by State Street Global Advisors Singapore Limited. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent. This website and the information contained herein may not be distributed and published in jurisdictions in which such distribution and publication is not permitted.

    All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.

    The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

    Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

    Diversification does not ensure a profit or guarantee against loss.

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. Frequent trading of ETF's could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

    The Markit iBoxx ABF Pan-Asia Index referenced herein is the property of Markit Indices GmbH and is used under license. The PAIF is not sponsored, endorsed, or promoted by Markit Indices GmbH or any of its members.

    State Street Global Advisors Singapore Limited: Singapore address: 168 Robinson Road, #33-01 Capital Tower, Singapore 068912 (Company Reg. No: 200002719D, regulated by the Monetary Authority of Singapore). Telephone: +65 6826-7555. Facsimile: +65 6826-7501.

    Web: www.abf-paif.com

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