ABF Pan Asia Bond Index Fund 2821 HK

Closing NAV / Unit
USD 110.2793
as of 06 Feb 2023
INAV
as of
Base Currency
USD
1 Day Nav Change
- USD 1.29 (-1.16%)
as of 06 Feb 2023
Total Net Assets
USD 3,450.90 M
as of 06 Feb 2023
Ongoing Charges Over a 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 07 Feb 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 07 Feb 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 06 Feb 2023

Bid/Ask Prices USD 110.40 / 110.90
Closing Price USD 110.90
Day High -
Day Low -
Exchange Volume (Shares) 0.00
30 Day Average Exchange Volume (Shares) 604.67

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 06 Feb 2023

Closing NAV / Unit USD 110.2793
1 Day Nav Change
- USD 1.29
Change (%)
-1.16%
Number of Outstanding Units 31,292,354.00
Total Net Assets USD 3,450.90 M

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

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 06 Feb 2023

Index Launch Date 31 Dec 2000
Index Launch Value 100.00
Index Current Value 211.35

Fund Performance

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

as of 31 Jan 2023

As Of YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 31 Jan 2023 4.4% 4.4% 13.5% 5.0% -2.8% 0.8% 7.4% 14.0% 90.1%
Markit iBoxx ABF Pan-Asia Index 31 Jan 2023 4.4% 4.4% 13.6% 5.2% -2.5% 2.0% 9.7% 19.6% 109.4%

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 Jan 2023

As Of 1 Year 3 Year 5 Year 10 Year Since Inception
29 Jun 2005
Fund 31 Jan 2023 -2.8% 0.3% 1.4% 1.3% 3.7%
Markit iBoxx ABF Pan-Asia Index 31 Jan 2023 -2.5% 0.7% 1.9% 1.8% 4.3%

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 Jan 2023

2023 (YTD) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund 4.4% -7.6% -3.7% 8.9% 7.9% 0.1% 9.3% -0.5% -3.4% 3.8% -4.9%
Markit iBoxx ABF Pan-Asia Index 4.4% -7.3% -3.3% 9.5% 8.6% 0.4% 9.9% 0.0% -2.8% 4.2% -4.2%

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 Jan 2023

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

*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.