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.

As of

The Indicative Optimised Portfolio Value (IOPV) for the Fund is now available on the Bursa website.

  • Fund’s Net Asset Value
  • Units in Circulation
Last updated:  

Key highlights

Your access to REITs listed across Asia ex Japan

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

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

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%.

Affordable entry

Affordable entry

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

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 Code 0837EA
Stock Short Name AXJ-REITSETF
ISIN Code MYL0837EA004
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
  • Cash creation
  • In-Kind creation
2) Redemption of Units
  • Cash redemption
  • In-Kind redemption
Minimum Creation/ Redemption Basket 200,000 units

Investment Objective

The Fund aims to provide investment results that closely correspond to the performance of the Benchmark

Investment Strategy

The Fund is a passively managed fund. The Manager intends to primarily use a full replication strategy to track the performance of the Benchmark.

Fund Facts

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:
  • seek exposure into Asia ex Japan real estate investment trusts;
  • seek regular income distribution; and
  • have high risk tolerance level.
Asset Allocation
  • A minimum 90% of the Fund’s NAV is to be invested in Authorised Securities;
  • The remaining balance of the Fund’s NAV is to be invested in money market instruments, money market collective investment schemes and / or deposits.
General Risks
  • Market Risk
  • Capital and Returns Not Guaranteed
  • Inflation Risk
  • Liquidity Risk
  • Units may Trade other than at Net Asset Value
  • Trading in Units on Bursa Securities may be Suspended or Units may be De-listed
  • Suspension of Creations and/or Redemptions
  • Legal and Regulatory Risks
  • Reliance on Participating Dealer
Specific Risks
  • Equity Investment Risk
  • Minimum Redemption Size
  • Tracking Error Risk
  • Risk Related to the Benchmark
  • Passive Investment Management
  • Securities Lending Transactions Risk
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
  1. USD11,400 per annum; and
  2. 0.015% per quarter, calculated based on the NAV of the Fund, accrued daily and payable quarterly.

Parties to the Fund

Manager AHAM Asset Management Berhad
(formerly known as Affin Hwang Asset Management Berhad)
Trustee TMF Trustees Malaysia Berhad
Participating Dealer(s) Affin Hwang Investment Bank Berhad
Market Maker(s) Affin Hwang Investment Bank Berhad
Valuation Point as at close of 30/Nov/2022
Top 10 Portfolio Holdings
Company Name Market Value (MYR) Portfolio Weightage
CapitaLand Mall Trust 367,771.80 10.6%
Frasers Logistics & Commercial Trust 337,820.96 9.7%
MAPLETREE PAN ASIA COMMERCIAL TRUST 322,814.70 9.3%
Link REIT 299,645.27 8.6%
Mapletree Logistics Trust 261,303.00 7.5%
Embassy Office Park Reit 233,380.88 6.7%
Champion REIT 199,920.13 5.8%
Keppel DC REIT 189,160.65 5.4%
Mapletree Industrial Trust 180,414.37 5.2%
Keppel Pacific Oak US REIT 167,887.61 4.8%
Downloads
  • Portfolio Holdings - Asia ex J REITs
    Download

How is the Benchmark Constructed?

The Universe

REITs are selected from the MSCI AC Asia ex Japan IMI Index, which serves as the parent index

Screening

A series of screening filters is applied to identify REITs that exhibit Dividend Sustainability, Persistence and Quality.

Selection

Qualified high yielding REITs which have passed the screening process will be included as part of the customised benchmark index for the Fund.

Weighting

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.

One transaction, twenty Malaysian stocks High Dividend tilted…
  • 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
One transaction, twenty Malaysian stocks … with a focus on Sustainable Distribution
  • 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.
Fund Documents
  • Prospectus
    Download
  • Supplemental Prospectus
    Download
  • Daily NAV & Creation/ Redemption Basket
    Download
  • Marketing Brochure
    Download
  • Monthly Factsheet
    Download
Fund Reports
  • Interim Reports
    Download
  • Semi-annual Reports
    Download
  • Annual Reports
    Download

Warning Statement:
A copy of the Prospectus can be obtained at AHAM Asset Management Berhad’s (“AHAM Capital”) (formerly known as Affin Hwang Asset Management Berhad) 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 AHAM 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.

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