TradePlus MSCI Asia Ex Japan Reits Tracker
Curating Sustainable and High Dividend Paying Names from Asia’s Real Estate Universe
The TradePlus MSCI Asia Ex Japan Reits Tracker ("Fund") is an equity exchange-traded fund that is designed to provide investors access to the Asia ex Japan REITs market. The Fund employs a smart beta approach to identify quality and high dividend paying REITs to be included in its basket of securities.
The Indicative Optimised Portfolio Value (IOPV) for the Fund is now available on the Bursa website.
Fund’s Net Asset Value
Units in Circulation
Your access to REITs listed across Asia ex Japan
Gain easy access to investment opportunities within Asia’s real estate universe, excluding Japan.
Filtered to focus on sustainable and high dividend paying names
The Fund follows a customised benchmark index which filters for REITs that: (i) offer a higher than average dividend yield, and (ii) have a consistent track record of dividend pay-out. Only names that fulfil these criteria are added into the Fund’s basket of securities.
Diversified exposure in a single transaction
With just a single transaction, investors can gain exposure to a diversified portfolio of quality REITs that are spread across various property segments. To mitigate concentration, the maximum exposure for each individual REIT is capped at 10.0%.
What’s more? Through an exchange-traded fund structure, you can access these opportunities at a relatively low entry level of just 100 units through Bursa Malaysia Securities.
Quarterly Income Distribution
The Fund intends to distribute income on a quarterly basis (subject to income availability), after the end of its first financial year.
How to invest?
Trading on Bursa Securities
|Trading Currency||Malaysian Ringgit (MYR)|
|Minimum Trading Units||100|
|Stock Short Name||AXJ-REITSETF|
|Bloomberg Ticker||REITSETF MK|
Investing through Participating Dealer(s)
|Creation/ Redemption Currency||Malaysian Ringgit (MYR)|
|Methods for Creation/ Redemption of Units||
1) Creation of Units
2) Redemption of Units
|Minimum Creation/ Redemption Basket||200,000 units|
The Fund aims to provide investment results that closely correspond to the performance of the Benchmark
The Fund is a passively managed fund. The Manager intends to primarily use a full replication strategy to track the performance of the Benchmark.
|Listing Date||15 July 2020|
|Fund Launch Date||9 July 2020|
|Fund Category||Equity Exchange-Traded Fund|
|Fund Type||Index Tracking Fund|
|Benchmark||MSCI AC Asia ex Japan IMI / Equity REITs Custom High Dividend Tilted Capped Index|
|Investor Profile||The Fund is suitable for investors who:
|Base Currency||Malaysian Ringgit (MYR)|
|Benchmark||MSCI AC Asia ex Japan IMI/Equity REITs Custom High Dividend Tilted Capped Index|
|Financial Year End||31 March|
|Initial Approved Fund Size||1,000,000,000 units|
|Income Distribution||The Fund will distribute income on a quarterly basis (subject to income availability), after the end of its first financial year.|
Fees & Charges
|Annual Management Fee||0.50% per annum of the NAV of the Fund.|
|Annual Trustee Fee||0.04% per annum of the NAV of the Fund.|
|Annual Index License Fee||
Parties to the Fund
|Fund||Stock Code||Stock Short Name||ISIN Code||Units In Circulation|
|TradePlus MSCI Asia ex Japan REITs Tracke||0837EA||AXJ-REITSETF||MYL0837EA004||3,850,000|
|Manager's Fee (% p.a.)||1 Trustee Fee
|2 License Fee
|NAV per Unit
|MSCI AC Asia ex Japan IMI/Equity REITs Custom High Dividend Tilted Capped Index|
|Creation / Redemption Unit Block (Units)||200,000|
|Subscription / Redemption Amount per Creation / Redemption Unit Block (MYR)||199,180|
|SEDOL||Company Name||Quantity of Shares||Currency||Share Price
|Market Value (MYR)|
|6420129||CapitaLand Mall Trust||59828||SGD||2.13||6.47||387,219.86|
|B87GTZ4||Mapletree North Asia Commercial Trust||129900||SGD||0.98||2.96||384,846.29|
|B011YD2||CapitaLand Commercial Trust||0||SGD||0.00||0.00||0.00|
|BYYFHZ2||Frasers Logistics & Commercial Trust||95300||SGD||1.43||4.35||414,097.37|
|B0D6P43||Mapletree Logistics Trust||61038||SGD||1.97||5.99||365,376.03|
|B4LR5Q8||Mapletree Industrial Trust||41100||SGD||2.85||8.66||355,926.41|
|BYV9SY3||Manulife US Real Estate Investment Trust||123900||USD||0.73||2.95||365,315.43|
|B5T50H7||Fortune Real Estate Investment Trust||0||HKD||0.00||0.00||0.00|
|BZ6CLB2||Cromwell European Real Estate Investment||122500||EUR||0.50||2.42||296,917.58|
|B5143W8||Mapletree Commercial Trust||43900||SGD||2.07||6.29||276,126.70|
|BF249P2||Keppel Pacific Oak US REIT||81900||USD||0.73||2.95||241,479.69|
|BT9Q186||Keppel DC REIT||23500||SGD||2.98||9.06||212,793.16|
|B1L0H71||First Real Estate Investment Trust||0||SGD||0.00||0.00||0.00|
|B1KR438||Sunlight Real Estate Investment Trust||0||HKD||0.00||0.00||0.00|
|B17NZ47||Frasers Centrepoint Trust||0||SGD||0.00||0.00||0.00|
|BD6RNW8||Sasseur Real Estate Investment Trust||48000||SGD||0.82||2.48||118,870.03|
|B62QFR9||Sunway Real Estate Investment Trust||0||MYR||0.00||0.00||0.00|
|B89JCF2||IGB Real Estate Investment Trust||39800||MYR||1.67||1.67||66,466.00|
|B23WXW9||Parkway Life Real Estate Investment Trus||7800||SGD||4.11||12.49||97,411.44|
|B0CMCL8||Axis Real Estate Investment Trust||29100||MYR||1.94||1.94||56,454.00|
|BJK0400||Prime US REIT||13800||USD||0.82||3.29||45,426.63|
|B79YDV3||Pavilion Real Estate Investment Trust||17400||MYR||1.38||1.38||24,012.00|
|BKBPXB5||Lendlease Global Commercial REIT||0||SGD||0.00||0.00||0.00|
|B1VZ9T2||MIRAE ASIA PAC REAL EST-1||3984||KRW||3,885.00||1,402.49||55,875.00|
|BKTPM65||Lotte Reit Co Ltd||1579||KRW||5,080.00||1,833.88||28,956.97|
|BKTPM65||Lotte Reit Co Ltd - RIGHTS||550||KRW||185.00||66.79||367.32|
|Market Value of Authorised Securities (MYR)||3,793,937.91|
|Cash Component (MYR)||40,277.09|
|Net Asset Value (MYR)||3,834,215.00|
2 Calculated based on the average daily asset under management of the Fund during the applicable quarter and payable quarterly. Subject to a minimum of USD 10,000 per annum.
Portfolio Holdings - Asia ex J REITs
How is the Benchmark Constructed?
REITs are selected from the MSCI AC Asia ex Japan IMI Index, which serves as the parent index
A series of screening filters is applied to identify REITs that exhibit Dividend Sustainability, Persistence and Quality.
Qualified high yielding REITs which have passed the screening process will be included as part of the customised benchmark index for the Fund.
A free float market capitalisation methodology is applied, and the maximum exposure for each individual REIT is capped at 10.0%.
A Customised Benchmark Index
These steps would form the Equity REITs Custom High Dividend Tilted Capped Index, which would serve as the benchmark index whose performance the Fund will look to replicate. The rebalancing and reconstitution of the benchmark index – i.e. rescreening and reselection of names – will be conducted on a semi-annual basis.
- Include only securities that offer a higher than average dividend yield relative to the Parent Index, and have passed dividend sustainability screenings.
- Securities with a dividend yield that is at least 30.0% higher than the yield of the Parent index
- Securities that has a negative growth in terms of Distribution Per Share over 5 years will not be included.
- For sustainability purposes, securities whose dividend pay-out is extremely high or negative will not be included.
- Securities without historical track record of consistent dividend payment will not be included as well.
A copy of the Prospectus can be obtained at Affin Hwang Asset Management’s (“Affin Hwang AM”) dedicated website at www.tradeplus.com.my. Investors are advised to read and understand the contents of the Prospectus dated 9 July 2020 for the TradePlus MSCI Asia ex Japan REITs Tracker before investing. There are fees and charges involved when investing in the fund stated herein. Investors are advised to consider and compare the fees and charges as well of the risks carefully before investing. Investors should make their own assessment of the risks involved in investing and should seek professional advice, where necessary. The price of units and distribution payable, if any, may go down as well as up and past performance of the fund should not be taken as indicative of its future performance. The Securities Commission Malaysia has not reviewed this material and takes no responsibility for the contents of this material and expressly disclaims all liability, however arising from this material.
Licensing Disclosure Statement and Conditions:
The Fund is not sponsored, endorsed, sold or promoted by MSCI Inc. (“MSCI”), any of its affiliates, any of its information providers or any other third party involved in, or related to compiling computing or creating any MSCI Index (collectively, the “MSCI Parties”). The MSCI Indexes are the exclusive property of MSCI. MSCI and the MSCI Index names are service mark(s) of MSCI or its affiliates and have been licensed for the use for certain purposes by Affin Hwang Asset Management Berhad. None of the MSCI Parties makes any representation or warranty, express or implied, to the issuer or owners of this Fund or any other person or entity regarding the advisability of investing in funds generally or in this Fund particularly or the ability of any MSCI Index to track corresponding stock market performance. MSCI or its affiliates are the licensors of certain trademarks, service markets and trade names and of the MSCI Indexes which are determined, composed and calculated by MSCI without regard to this Fund or the issuer or owner of this Fund or any other person or entity. None of the MSCI Parties has any obligation to take the needs of the issuer or owners of this Fund or any other person or entity into consideration in determining, composing or calculating the MSCI Indexes. None of the MSCI Parties is responsible for or has participated in the determination of the timing of prices at, or quantities of this Fund to be issued or in the determination or calculation of the equation by or the consideration into which this Fund is redeemable. Further, none of the MSCI Parties has any obligation of liability to the issuer or owners of this Fund or any other person or entity in connection with the administration, marketing or offering of this Fund.
Although MSCI shall obtain information for inclusion in or for use in the calculation of the MSCI Indexes from sources that MSCI considers reliable, none of the MSCI Parties warrants or guarantees the originality, accuracy and/or the completeness of any MSCI Index or any data included therein. None of the MSCI parties makes any warranty, express or implied, as the results to be obtained by the issuer of the Fund, owner of the Fund, or any other person or entity, from the use of any MSCI Index or any data included therein. None of the MSCI Parties shall have any liability for any errors, omissions or interruptions of or in connection with any MSCI Index or any data included therein. Further, none of the MSCI Parties makes any express or implied warranties of any kind, and the MSCI Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose with respect to each MSCI Index and any data included therein. Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.