Eastspring Investments - Asian Bond Fund AHDM HKD

瀚亞投資-亞洲債券基金 AHDM 類港元

LU0811022283

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing HoursMonthly Savings

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

HKD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

15:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.70%
3 mth
+2.81%
6 mth
+3.25%
1 yr
+10.03%
3 yr
+14.12%
5 yr
+21.07%

Analytical Figures (3 years)

Annualized Return
+4.50%
Annualized Volatility
+2.92%
Sharpe Ratio
+0.88

Fund Information

Fund Houses
Eastspring Investments (Hong Kong) Limited
Launch Date
2012-07-31
Fund Manager
Leong Mei Wai
Manager Start Date
1/5/2017 12:00:00 AM
Geographical Focus
Asia
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2020-02-24)
USD 4,477,069,671.64
Management Fee
1.25%
Latest Dividend
HKD 0.037900 (2020-02-02)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

HKD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

15:30

-

Dividend Records

Dividend DateDividend Records (HKD)
2020-02-020.037900
2020-01-010.036700
2019-12-010.035300
2019-11-030.042900
2019-09-300.036900
2019-09-010.040300
2019-07-310.039000
2019-06-300.034900
2019-06-020.039787
2019-05-010.038601
2019-03-310.032153
2019-02-280.028910
2019-01-310.030374
2019-01-010.030005
2018-12-020.031060
2018-11-010.032576
2018-09-300.028740
2018-09-020.033931
2018-07-310.030717
2018-07-010.032085
2018-05-310.031286
2018-05-010.030641
2018-04-020.035011
2018-02-280.030054
2018-01-310.032480
2018-01-010.034750
2017-11-300.031669
2017-11-010.033853
2017-10-010.034118
2017-08-310.033900
2017-07-310.031620
2017-07-020.034930
2017-05-310.032697
2017-05-010.031570
2017-04-020.035853
2017-02-280.030208
2017-01-310.032229
2017-01-010.034508
2016-11-300.032101
2016-11-010.033527
2016-10-020.035885
2016-08-310.034807
2016-07-310.038548
2016-06-300.036846
2016-05-310.036830
2016-05-010.037909
2016-03-310.037376
2016-02-290.034969
2016-01-310.033600
2016-01-030.041120
2015-11-300.037190
2015-11-010.040595
2015-09-300.038222
2015-08-310.037700
2015-08-020.042819
2015-06-300.039563
2015-05-310.040816
2015-05-030.048140
2015-03-310.043763
2015-03-010.041027
2015-02-010.044867
2015-01-010.044927
2014-11-300.035411
2014-11-020.041528
2014-09-300.038198
2014-08-310.039253
2014-07-310.039148
2014-06-300.036679
2014-06-010.036625
2014-05-010.036473
2014-03-310.034112
2014-03-020.032615
2014-02-020.037156
2014-01-010.036239
2013-12-010.031028
2013-11-030.037253
2013-09-300.031241
2013-09-010.035274
2013-07-310.033995
2013-06-300.032159
2013-06-020.039645
2013-05-010.037168
2013-04-010.039795
2013-02-280.034704
2013-01-310.037560
2013-01-010.037538
2012-12-020.043049
2012-11-010.044210
2012-09-300.038221
2012-09-020.045114

Investment Objective

The Sub-Fund invests in a diversified portfolio consisting primarily of fixed income/debt securities issued by Asian Entities1 or their subsidiaries. This Sub-Fund’s portfolio primarily consists of securities denominated in US dollars as well as the various Asian currencies and aims to maximize total returns through investing in fixed income/debt securities that are rated as well as unrated.

Nature and Extent of Risks

Investment involves risks. Please refer to the Hong Kong Summary Prospectus for details including the risk factors.
1. General Investment Risk - The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. You may not get back your original investment. Past performance is not a guide to future performance. The level of investment return is not fixed and will vary.

2. Risks of Investing in Bonds
- Interest rate risk: Bonds are subject to interest rate fluctuations. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
- Credit risk: Investments in bonds are subject to credit default risk of the issuers of the bonds. Adverse economic conditions, unanticipated rise in interest rate, unavailability of additional funding, may impair the issuer’s ability to meet its debt obligations, which may lead to potential default by the issuer.
- Risk associated with below investment grade bonds: Bonds that are below-investment-grade or are unrated are more susceptible to credit risk, and in particular high yield bonds offer higher yields to compensate for the reduced creditworthiness or increased risk of default that these securities carry. Such securities are generally subject to lower liquidity, higher volatility and greater risk of loss of principal and interest than high-rated debt securities.
- Counterparty risk: The Sub-Fund will be exposed to the credit risk on counterparties with which it trades and any default by such a counterparty (for example, due to insolvency) could result in substantial losses to the Sub-Fund.
- Risk of credit rating downgrades: The credit rating of a debt instrument or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The investment manager may or may not be able to dispose of the debt instruments that are being downgraded.
- Valuation risk: Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Sub-Fund.
- Credit rating risk: Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
3. Derivatives Risk
- Derivatives involve risks different from, and, in some cases, greater than, the risks presented by more traditional securities investments. Some of the risks associated with derivatives are market risk, management risk, credit risk, counterparty risk, liquidity risk, volatility risk, operational risk, leverage risk, valuation risk and over-the-counter transaction risk.
- The Sub-Fund may use financial derivative instruments (FDIs) extensively for hedging and efficient portfolio management purposes whilst FDIs will not be extensively used for investment purposes, however, the Sub-Fund’s use of derivatives may become ineffective in such endeavours and the Sub-Fund may suffer significant losses.
4. Concentration Risk
- The Sub-Fund’s investments may be concentrated in any one single country within Asia. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.
- The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting any one single country in the Asian market.
5. Emerging Markets Risk
- The Sub-Fund invests in Asian bonds, which may from time to time include bonds in emerging markets. Investing in emerging markets involves increased risks and special considerations not typically associated with investment in more developed markets due to, among other factors, greater political, tax, economic, foreign exchange controls, liquidity, higher degree of volatility, settlement, custody and legal/regulatory risks.

6. Liquidity Risk
- The Sub-Fund may have investments which have high liquidity risks (for example, low trading volumes), and may incur substantial losses if it is unable to sell these investments at opportune times or prices.
7. Currency and Exchange Rates Risk
- The assets that the Sub-Fund invests in may be denominated in currencies different from the Sub-Fund’s base currency and the currency of the Shares held by you. Also, a Share Class may be designated in a currency other than the base currency of the Sub-Fund. The NAV of the Sub-Fund may be affected unfavourably by adverse movements in foreign currency exchange rates between the currencies of the underlying assets and the base currency of the Sub-Fund and the currency of the Shares held by you, as well as by changes in exchange rate controls.
8. Hedged Share Class Risk
- If the Shares of a Share Class can be subscribed and redeemed in a currency other than the base currency of the Sub-Fund, a fluctuation in exchange rates could affect the value of an investment performance and therefore substantially impact the performance of such Share Class.
- The hedging strategy is to reduce but not eliminate currency risk. If these hedging transactions are imperfect or are only placed over a portion of the foreign exchange exposure, such Share Class will bear the resulting benefit or loss.

9. Risks associated with Payment of Dividends out of/Effectively out of Capital
- Investors should note that where distributions are declared and paid out of the Sub-Fund, the board of directors of Eastspring Investments may at its discretion pay dividends out of the capital of the Sub-Fund or pay dividends out of gross income while charging/paying all or part of the Sub-Fund’s fees and expenses to/out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividends out of capital.
- Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Sub-Fund’s capital or payment of dividends effectively out of the Sub-Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.

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852
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