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$ 110 billion as of end 2020



Source: Bloomberg, SGX, as of end 2020.

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:

USD 48.1 billion/SGD 68.35 billion
as of 30 June 2021

NUMBER OF SECURITIES:

28, as of 30 September 2021

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 2021

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.

Privacy Statement

This is the website of CSOP Asset Management Pte. Ltd. ("CSOP"). We understand that our customers and website visitors are concerned about the privacy of information. We have established policies and procedures concerning the collection, use and security of your information that will help protect your privacy. This policy statement provides information on the obligations and policies of CSOP under the Personal Data Protection Act (the "Act").

Our Corporate Policy

CSOP recognize the importance of personal data to our business and the importance of respecting the privacy rights of our clients. Therefore, we are committed to ensuring compliance with the requirements of the Act. Each employee of CSOP must abide by our commitment to privacy in the handling of personal information. To further enhance confidentiality and security of all personal data, only authorized staff will be allowed to have access to the personal information collected. It is restricted to those persons who have a business need to access personal information in order to perform their job duties.

The purpose of this Statement is to establish the policies and practices of CSOP's commitment to protect the privacy of personal data and to inform you about our responsibilities and your rights under the Act.

Types of Personal Data Held

There are two broad categories of personal data held by us. They are personal data relating to clients and employees of CSOP.

Personal data held by us regarding clients may include the following:
Personal data relating to employment held by us may include the following:

Main Purposes of keeping Personal Data

The purposes for which personal data relating to clients may be used are as follows:
The purposes for which personal data relating to employees may be used are as follows:
Transfer of Personal Data

Personal data held by CSOP relating to clients will be kept confidential but may be transferred to the following parties (whether within or outside Singapore) for any of the purposes stated above:

Accuracy of Personal Data

CSOP strive at all times to ensure accuracy of all personal data collected and processed by us. In order to assist us to deliver on this pledge, please inform us immediately in the event that your personal information has been changed or you discovered that your personal information held by us is incorrect.

Your Rights

It is not a statutory requirement for you to provide personal data to us. However, we will not be able to provide you with the services and products you may require unless you provide us with the necessary personal data or information.

You have a right (i) to be informed whether we hold any of your personal data; (ii) to be supplied with a copy of your personal data we hold; (iii) to request correction of your personal data we hold; and (iv) to object to the use of your personal data for marketing purposes.

If you wish to access to and/or to correct any of your personal data held by us, please send your written request to the address set out below. We may, subject to the Act, impose a reasonable fee for complying with a data access request.

If you do not wish your personal data to be used for direct marketing purposes, you may notify us in writing to the following address.

If you have any questions or would like further information on our privacy and information handling practices or would like to exercise any of these rights, please address them to:



Data Protection Officer
CSOP Asset Management Pte. Ltd.,
#18-03 Millenia Tower,
One Temasek Avenue,
Singapore 039192

Upon receipt of such notice, we shall, without charge to you, cease using your personal data for direct marketing purposes.

Disclaimer

CSOP Asset Management Pte. Ltd. ("CSOP") is a regulated financial institution in Singapore by the Monetary Authority of Singapore (“MAS”). This website contains information about CSOP and the services and products offered by CSOP. The information provided on the CSOP website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject CSOP or its affiliates to any registration requirement within such jurisdiction or country. Non-Singapore investors are responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained herein. By proceeding, you are representing that you have understood and accepted the restrictions set out in this section.

The website is prepared by CSOP and has not been reviewed by the MAS. You are advised to exercise caution and if you are in any doubt about any of the contents of the website, you should obtain independent financial and professional advice. Private Investors are advised to consult with their financial advisors, banks, or other professional advisors. Nothing herein should be construed as investment advice nor as comment on the suitability of any investment or investment service. Prospective investors should take advice from their own professional advisors before making any investment decision.

The information contained in this website is provided for reference only and does not constitute any investment advice, offer or solicitation to deal in any investments mentioned herein. The information on the website is being provided strictly for informational purposes only and does not constitute an advertisement and/or investment advice. The information and/or data herein has been obtained from sources that CSOP believes to be reliable and accurate at the time of issue but no representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information. Neither CSOP, nor any of its associates, nor any director, officer or employee accepts any liability whatsoever for any loss arising directly or indirectly from any use of this document.

Past performance is not an indicative of future performance. Investment involves risk and investors may not get back the amount originally invested. Please note that the value of investments and the income from them may go down as well as up and that you may not get back your original investment. Please read the relevant offering document including the risk factors carefully, in particular fund features and the risks involved in investing in the fund. You should ensure you fully understand the risks associated with the investment and should also consider your own investment objective and risk tolerance level. If in doubt, please seek independent financial professional advice.

Nothing on this website constitutes a solicitation, invitation, recommendation or offer to purchase a product offered by CSOP or any CSOP funds or as the basis for any investment decision.

This site may include forward-looking statements which are based on CSOP's current opinions, expectations and projections. CSOP undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

If you have accessed this site using a link from another site, CSOP do not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site.

Cookies

CSOP do not accept responsibility for any interference or damage to your own computer system, the records stored therein or those of any other person, which arises in connection with your use of this website or any linked website. A Cookies is utilized on this website. It allows your browser to check whether you have read and agreed to these terms. The Cookies does not contain any personally identifiable information. Unfortunately, if your browser is set up to reject Cookies you will not be able to see the content of this website. All copyrights reserved and its contents including all information, graphics, code, text and design in this website are owned by CSOP and should not be reproduced or distributed without its permission. These terms are governed exclusively by the laws of the Republic of Singapore and constitute the entire agreement between you and CSOP in relation to the use of this website.

Links to other web sites

Our web site may contain links to non-CSOP websites, including websites of its related corporation and/or associates, that are independent from our website. While such links are provided for your convenience, you should be aware that the information handling practices of the linked websites might not be the same as ours and that CSOP has no control over the content or availability of that website. You should review any privacy policies on those linked websites. The use of such links is entirely at your own risk and CSOP accepts no responsibility for the content, or the use of, such a site and shall not be liable for any loss or damage caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.

The information is current as at the date of publication but is subject to change without prior notice. This website is issued by CSOP Asset Management Pte. Ltd. whose company registration number is 201814646Z and has not been reviewed by the Monetary Authority of Singapore.