Maple-Brown Abbott Asian Investment Trust

Performance

Performance
(as at 30 Nov 2018)

Performance 1 mth % 3 mths % 1 yr % p.a. 3 yrs % p.a. 4 yrs % p.a. 5 yrs % p.a. Since inception % p.a. *
Fund ** -0.1 -9.0 -3.8 8.6 7.2 8.6 10.1
Benchmark *** 2.2 -8.3 -6.0 9.1 8.1 9.2 8.6

Performance chart
(as at 30 Nov 2018)

Data Source: Maple-Brown Abbott and MSCI

Unit price as at 13 Dec 2018

Redemption price $ 1.1590

Net asset value $ 1.1632

Application price $ 1.1674

Contact us

Maple-Brown Abbott

invest@maple-brownabbott.com.au

Phone: +61 (0) 2 8226 6200

Asia Pacific equities
Quarterly Investment Update, September 2018
Will Main

PERFORMANCE DISCLAIMER: Please note that the figures above represent past performance, and past performance is not a reliable indicator of future performance. Returns are volatile and may fluctuate quickly and significantly. Neither Maple-Brown Abbott Limited nor any other person makes any representation nor gives any guarantee as to the future performance or success of, the rate of income or capital return from, recovery of money invested in, or income tax or other taxation consequences of, any investment in the trusts shown on this website.

* Inception date is 25 October 2002.

** Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Foreign tax credits are not included in the performance figures.

*** MSCI All Countries Asia Excluding Japan Net Index (AUD).

Source MSCI: The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)

About the Fund

Investment objective

The Fund aims to outperform the MSCI All Countries Asia Excluding Japan Net Index (AUD) over rolling four-year periods.

Key benefits

  • The opportunity to invest in a fund managed by a team of experienced and dedicated investment professionals
  • Access to an Asian share portfolio that aims to deliver long-term capital growth
  • Access to investment opportunities, markets and risk management techniques not generally available to individual investors
  • The potential to receive quarterly distributions

Fund facts
(as at 30 Nov 2018) Latest Fact Sheet

Fund size $ 50.1 Million
APIR code MPL0003AU
Inception date Oct 2002
Distribution frequency Quarterly
Unit pricing frequency Daily
Minimum initial investment $ 50,000
Minimum additional investment $ 10,000

Significant holdings
(as at 30 Nov 2018)

Baidu
China Construction Bank
China Life Insurance - H Share
CK Hutchison Holdings
Kia Motors Corp
NetEase
PICC Property & Casualty - H Share
Samsung Electronics
Siam Commercial Bank - Foreign
Taiwan Semiconductor Manufact. Co

Value and balance sheet characteristics
(as at 31 Oct 2018)

  Fund Market *
Price:Earnings Ratio 9.0 10.4
Price:Cash Flow Ratio 5.9 7.1
Price:Net Tangible Assets Ratio 1.0 1.3
Dividend Yield (%) 3.6 3.5
Balance Sheet Strength ** 0.37 0.36

* Represents our quantitative data which includes 91.2% of the index weight of the stocks in the Benchmark, plus non-Benchmark stocks.

** Cash Flow/Total Liabilities.

The figures shown above are based on 2019 estimates.

Risk measures AUD
(as at 31 Oct 2018)

  Fund Benchmark
Annualised Monthly Volatility (%) * 14.0 14.2
Tracking Error (ex-ante) 3.3
Beta vs Benchmark 1.0

* Since inception

Sector weights vs. benchmark
(as at 30 Nov 2018)

Country weights vs. benchmark
(as at 30 Nov 2018)

Distributions

Distribution history

Here you will find the distribution history for the Fund.

Generally, the main components of distributions are dividends received, and interest, realised capital gains and other income derived by the Fund, less fees and expenses.

The distributions are expressed as cents per unit.

If you would like more information or have any questions, please contact us on +61 (0) 2 8226 6200 or accounting@maple-brownabbott.com.au.

Date Cents per unit Div 12-H Summary Taxable Component Summary
30/09/2018 0.8717 ¢ Div 12-H Summary n/a
30/06/2018 15.0560 ¢ Div 12-H Summary n/a
31/03/2018 1.2472 ¢ Div 12-H Summary n/a
31/12/2017 1.0000 ¢ Div 12-H Summary n/a
30/09/2017 1.0075 ¢ Div 12-H Summary n/a

Download distribution history

Unit prices

Unit price history

Here you will find the unit price history for the Fund.

If you would like more information or have any questions, please contact us on +61 (0) 2 8226 6200 or accounting@maple-brownabbott.com.au.

Date Redemption price Net asset value Application price
13/12/2018 $ 1.1590 $ 1.1632 $ 1.1674
12/12/2018 $ 1.1436 $ 1.1477 $ 1.1518
11/12/2018 $ 1.1284 $ 1.1325 $ 1.1366
10/12/2018 $ 1.1298 $ 1.1339 $ 1.1380
07/12/2018 $ 1.1400 $ 1.1441 $ 1.1482
06/12/2018 $ 1.1435 $ 1.1476 $ 1.1517
05/12/2018 $ 1.1568 $ 1.1610 $ 1.1652
04/12/2018 $ 1.1594 $ 1.1636 $ 1.1678
03/12/2018 $ 1.1639 $ 1.1681 $ 1.1723
30/11/2018 $ 1.1430 $ 1.1471 $ 1.1512

^ Ex price.

Download unit price history

Forms & reports

Forms & reports

Below is a range of important forms and reports that are available.

To invest with us you should ensure you have read the Product Disclosure Statement (PDS), including the Additional Information Booklet (AIB), before completing the Initial Application.

The Fact Sheet will provide you with an update on the Fund including performance and positioning.

If you would like more information or have any questions, please contact us on +61 (0) 2 8226 6200 or invest@maple-brownabbott.com.au.

Invest now

Invest now

It is easy to invest with Maple-Brown Abbott, just follow the steps below. And if you have any questions please contact us on +61 (0) 2 8226 6200.


Step 1: Read the current Product Disclosure Statement (PDS)

Carefully read the Product Disclosure Statement (PDS) including the Additional Information Booklet (AIB) to ensure that you understand how the product works and the risks involved.

Or, you can request a paper copy be mailed to you by completing our online form or contacting us on +61 (0) 2 8226 6200.


Step 2: Make an Initial Application


Existing investors should use the Additional Investment Request below.

Step 3: Investment confirmation

Once your application and payment are received, you'll receive confirmation of your investment details.


Still need help?

If you have any questions, please contact us +61 (0) 2 8226 6200 or invest@maple-brownabbott.com.au.


Fees And Costs

Management Costs *

Base
Fee
% 1 & 2
Indirect
Costs
% 3
Recoverable
Expenses
% 3 & 5
Total

%
1.03 n/a 0.04 1.07

1) Unless otherwise stated, all fees are quoted on a GST inclusive basis and net of any applicable Reduced Input Tax Credits.


2) The base fee is the fee we charge for managing the assets and overseeing the operations of the Fund, expressed as a percentage of the net asset value of the Fund.


3) All other components of the management costs are based on the indirect costs and recoverable expenses incurred during the prior financial year ended 30 June.


5) Under the Fund’s Constitution we are entitled to be reimbursed for authorised expenses incurred in managing and administering a Fund, however at present we have chosen not to be reimbursed for routine fund expenses including registry, custodian, accounting and legal expenses (excluding transaction costs) which are paid by us out of our base fee. Audit costs are paid, and any levy payable to the Australian Securities and Investments Commission (ASIC) may be paid, out of the Fund.


* Fees may be negotiated if you are a wholesale investor as defined in the Corporations Act 2001 (Cth).



Transactional and Operational Costs

Total transactional and
operational costs
% 1
Less buy-sell
spread recovery
% 2
Net transactional and
operational costs
%
3
0.26 0.09 0.17

1) Transactional and operational costs represent the estimated costs from the Fund’s investing activities. These costs are in addition to the management costs. The transactional and operational costs are reflected in the unit price and impact the performance of the Fund. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread).


2) Buy-sell spread recovery represents the amount charged to investors that relates to investor applications and withdrawals.


3) Based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average Fund net asset value.



Buy / Sell Spreads *

Total spread
%
0.36 / 0.36

* The buy-sell spread is an additional cost to you. This ensures existing investors are not disadvantaged due to the costs associated with buying or selling the Fund’s investments as a result of applications and withdrawals.