Asian Dividend Income Unit Trust

Aims to capture the income and capital growth potential of companies in Asia, one of the world’s fastest-growing regions.

ISIN
GB00B58RLX77

NAV
GBP 171.00p
As of 22/09/20

1-Day Change
GBP -2.10p (-1.21%)
As of 22/09/20

Morningstar Rating


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income in excess of the income generated by the MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index with the potential for capital growth over the long term (5 years or more).

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The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in the Asia Pacific region (excluding Japan). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings.
The Fund may also invest in other assets including companies outside this region, depositary receipts, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional income for the Fund.
The Fund is actively managed with reference to the MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s income target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA Asia Pacific ex Japan sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Well-placed to tap into the region’s strong structural growth opportunities and the shift towards a more progressive dividend culture
  • Disciplined, value-driven investment process that focuses on dividend growth and high-yielding companies
  • Aims to deliver both consistent, growing income streams and long-term capital appreciation
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

Mike Kerley

Portfolio Manager

Industry since 1985. Joined Firm in 2004.

Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/20
Acc MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index IA Asia Pacific ex Japan Equity
 
Quarter End
As of 30/06/20
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-8.07% 9.40% 3.71% 24.60% 5.60%
MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index -7.68% 4.74% 8.08% 28.92% 5.88%
IA Asia Pacific ex Japan Equity 2.66% 4.35% 7.42% 28.57% 5.83%

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and emerging stock markets in the Asia-Pacific region but excluding Japan. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/08/20
Acc (Net) MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index IA Asia Pacific ex Japan Equity
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
09/11/09
Acc (Net) -0.58% -9.61% -8.74% -0.34% 8.94% 6.36% 6.90%
MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index -0.29% -10.03% -7.73% -1.94% 9.57% 6.41% 6.92%
IA Asia Pacific ex Japan Equity 3.20% 4.89% 7.84% 4.22% 13.03% 8.01% 8.50%

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and emerging stock markets in the Asia-Pacific region but excluding Japan. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 31/01/20)
1.48%

Portfolio

Top Holdings (As of 31/08/20)
% OF FUND
Taiwan Semiconductor Manufacturing 4.70
Samsung Electronics 4.29
Taiwan Cement 3.27
Macquarie Korea Infrastructure Fund 2.99
Rio Tinto 2.93
BHP Group 2.90
CITIC Securities 2.83
HKT Trust & HKT 2.79
Macquarie Group 2.71
AIA Group 2.69

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
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