The smarter way to build your real estate portfolio

CSOP iEdge S-REIT Leaders Index ETF

SRT SRU

INDEX:
iEdge S-REIT Leaders Index
COUNTER TICKER:
SRT(SGD) / SRU(USD)
INVESTMENT STRATEGY:
Replication Strategy
LISTING NAV PER SHARE
SGD 1
SGX-ST LISTING DATE
18 November 2021
BASE CURRENCIES:
SGD
TRADING CURRENCIES:
Primary Market Creation /
Redemption: SGD
Secondary Market Trading:
SGD and USD
BOARD LOT SIZE:
1 Unit
DISTRIBUTION POLICY:
Semi-annually in SGD only
MANAGEMENT FEE:
0.50% per annum of the NAV
INVESTMENT ADVISOR:
JLP Asset Management
BROCHURE
PRODUCT PAGE
Source: CSOP, SGX, as of 16 November 2021

01.

Investing in Fast-Growing S-REITs

A real estate investment trust in Singapore (S-REIT)
A fund on SGX that invests in a portfolio of income generating real estate assets such as shopping malls, offices or hotels, usually with a view to generating income for unit holders of the fund.



Investors holding a REIT can enjoy:

Liquid Real Estate Exposure
Easy Trading on a Stock Exchange like a Stock
Tax-exempt Dividend Payments & Potential Price Appreciation


S-REITs Market – one of the largest REITs market in Asia Pacific
The size of S-REITs market as of end 2020: ~SGD 110 billion, with a CAGR of 11%.



S-REITs market has grown to ~S$111 billion as of End 2021



Source: Bloomberg, SGX, as of end 2021.

02.

Offering Stable and Sustainable Dividend Payments

Stable dividend income due to high payout ratio specified by Singapore’s regulation. Relatively attractive dividend yield.
Compared with other major assets, the S-REITs are expected to have relatively attractive dividends yield at more than 5%.



Highest dividend yield vs other asset classes in Singapore



Source: SGX, as of 30 September 2021. Refers to dividend yield of iEdge S-REIT Leaders Index.

03.

Acting as a Good Hedge against Inflation

Dividend yield estimated to be higher than inflation rate
Inflation often leads to higher rents, which is a composition of consumer price index (CPI). Annual dividend yield of REITs is expected to be much higher than Singapore inflation rate in the next 2 years.



Annual dividend yield of REITs vs. Singapore CPI YoY



Source: Bloomberg., IMF, SGX, JLP. The historical numbers are calculated by JLP. The numbers of 2021E-2023E are estimates from Bloomberg

04.

Tracking iEdge S-REIT Leaders Index with Decent Diversification

Liquid benefit:

a liquid representation of the S-REITs market in Singapore

Diversifcation benefit:

comprehensively consists of 28 large-mid cap and liquid S-REITs, ranging from Industrial, Office, Retail, Data Center, Healthcare, Hotels1

Lowest volatility:

only 12.5%, lower than all of its underlying S-REITs



Lowest volatility compared with individual S-REITs2



1. Source: SGX, as of 30 September 2021
2. Source: Bloomberg, as of 13 October 2021

Outstanding Historical Performance
Over the last 10 years, S-REITs averaged an annualized total return of 10.7% and 90-day volatility of 10.5%, outperforming the global major REITs indexes3.



Historical performance of ~10% per annum over the last 5 years – outperforming other major global REITs indices4



3. Bloomberg, 14 October 2011 to 15 October 2021. Proxied by iEdge S-REIT Leaders SGD Index (Total Return)
4. Source: Bloomberg, CSOP. 6 May 2016 to 31 March 2022. All SGD indexes.

05.

Easy Tradability with Minimal Investment Threshold

Easy trading like a stock
Low investment threshold, low ongoing cost, and low transaction cost
Board lot is 1 only and minimal investment is SGD 1 only.

INDEX FEATURES

Index Facts

INDEX:

iEdge S-REIT Leaders Index

LAUNCH DATE:

24 March 2014

MARKET CAPITALIZATION:

SGD 44.02 billion
billon, as on 29 July 2022

NUMBER OF SECURITIES:

26, as of 30 September 2022

WEIGHTING:

Liquidity-Adjusted Free-Float
Market Capitalization Weighted

CAPPING:

10% for each security

CURRENCY:

USD & SGD

REBALANCING FREQUENCY:

Semi-annually (March &
September)

Source: SGX, as of 30 September 2022

INDEX FEATURES

Index Performance

iEdge S-REIT Leaders SGD Index - Historical performance as of 30 Sep 2021



Source: SGX, as of 30 September 2021

INDEX FEATURES

Holdings

SEDOL TICKER CONSITITUENT NAME WEIGHTING
B0D6P43 MLT SP Equity Mapletree Logistics Trust 10.20%
6563875 AREIT SP Equity Ascendas Real Estate Investment Trust 10.00%
6420129 CICT SP Equity CapitaLand Integrated Commercial Trust 10.00%
B4LR5Q8 MINT SP Equity Mapletree Industrial Trust 9.40%
B5143W8 MCT SP Equity Mapletree Commercial Trust 9.20%
BYYFHZ2 FLY SP Equity Frasers Logistics and Commercial Trust 8.90%
BT9Q186 KDCREIT SP Equity Keppel DC REIT 7.50%
B12RQH4 KREIT SP Equity Keppel REIT 5.00%
B04PZ72 SUN SP Equity Suntec Real Estate Investment Trust 4.10%
B1NZ47 FCT SP Equity Frasers Centrepoint Trust 3.80%

Source: SGX, as of 30 September 2021

INDEX FEATURES

Allocations

The Index Sector Allocation5

The Index Geographical Allocation6

5. Source: BICS4, as of 30 September 2021. The above is for illustration purposes only and does not constitute a recommendation to buy/sell in the above-mentioned sector or jurisdictions.
6. Source: SGX, as of 30 September 2021. It is breakdown by the geographical revenue.

About CSOP Asset Management Limited
CSOP Asset Management Limited (“CSOP AML”) was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus in China investing, CSOP AML manages public and private funds, as well as providing investment advisory services to Asian and global investors. In addition, CSOP AML is best known as an ETF leader in Asia. CSOP Asset Management Pte. Ltd. (“CSOP SG”) was established as wholly-owned subsidiary of CSOP AML in 2019, with a view of having Singapore as the regional base to facilitate and offer clients in the Region with investment opportunities in China’s capital market. As of 31 August 2021, CSOP has more than USD 10.2 billion in assets under management.


Index Provider Disclaimer:

The CSOP iEdge S-REIT Leaders Index ETF is not in any way sponsored, endorsed, sold or promoted by Singapore Exchange Limited and/or its affiliates (collectively, “SGX”) and SGX makes no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the iEdge S-REIT Leaders Index and/or the figure at which the iEdge S-REIT Leaders Index stand at any particular time on any particular day or otherwise. The iEdge S-REIT Leaders Index are administered, calculated and published by SGX. SGX shall not be liable (whether in negligence or otherwise) to any person for any error in the CSOP iEdge S-REIT Leaders Index ETF and the iEdge S-REIT Leaders Index and shall not be under any obligation to advise any person of any error therein.

“SGX” is a trade mark of SGX and is used by CSOP under license. All intellectual property rights in the iEdge S-REIT Leaders Index vest in SGX.

Disclaimer:

The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”). This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.

CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.

Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.

Issuer: CSOP Asset Management Pte. Ltd.



INVESTMENT MADE EASY
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