AY E R S B A L A N C E F U N D

All data expressed as of 30 Desember 2019 Fund Category:Balance Fund

Fund Performance Objective

Ayers Asia Balance Fund vs Infovesta Balance Fund Index
8.00%
Provide a combination investment stock, bonds, and
money market to provide growth and revenue goals
6.00%

4.00%
Investment Policy
IBFI (+0.91%) Equity Min. 1%, Max. 79%
2.00%
Debt Securities Min. 1%, Max. 79%
0.00%
Money Market Instrument Min. 0%, Max. 79%
-2.00%

Features
-4.00%
AABF (-7.74%)
NAV/Unit 976.68
AABF IBFI
Units 4,782,069.5207 units
1 day 1 Month 3 months 1 Year Since Inception Net Asset Value IDR 4,670,548,526.13
AABF -0.76% 5.86% 3.97% N/A -2.33%
IBFI -0.02% 1.75% -0.79% N/A 2.67% Launch Date 16-May-19
Ayers Asia Balance Fund (AABF)
Infovesta Balance Fund Index (IBFI)
Custodian Bank Maybank
Asset Allocation Currency IDR

Other Balance fund NAV Valuation Daily

0% Time Deposit
Cash
Bonds 10% Benchmark Infovesta Balance Index
18.06%
0% Fund
Min. Initial Subscription IDR 100,000.-
Min. Subscription IDR 100,000.-
Equity
79% Total Unit Offered 1,000,000,000 units

Fees
Management Fee Max 3% per annum
Macroeconomic Indicator Desember November
Custodian Fee Max 0.15% per annum
BI-7Days Repo Rate 5.00% 5.00%
Inflation 2.72% 3.00% Subscription Fee Max 1.00%
USD/IDR 13,860 14,100 Redemption Fee None
GDP (YoY) - 5.02% Switching Fee Max 1.00%

Market Review
Domestic News: Top 5 Holding (Alphabet)
PT. Telkomunikasi Indonesia Tbk
• Inflation at the end of 2019 was 2.72% lower than 2018 which was recorded at
3.13% PT. Indofood Sukses Makmur Tbk
• The government has set three tariffs to be raised in 2020. First is BPJS contribution
rate which will increase by 100%, second is the cigarette excise tax increase to 23%
PT. Unilever Indonesia Tbk
with retail selling prices up to 35% and the last is increase from eight toll road PT. Astra International Tbk
sections. To offset the increase in tariffs, the government will make the most of fiscal
instruments with front loading in January, so that they can support the economy, PT. Astra Agro Lestari Tbk
especially social assistance.

Global News:
Subscription Bank Account
• Donald Trump has stated that he will sign the first phase of a trade agreement with
China on January 15, 2020. After the signing, Trump plans to visit China to continue Account Name RD Ayers Balance Fund
the second phase of the agreement.
Account Number 2-596-10023-0
Bank Maybank

Disclaimer: This report has been prepared by PT Ayers Asia Asset Management, based on information sources we believe are reliable, but no presentation or warranty, expressed
or implied, and so its accuracy or completeness. This report is produced for information purposes only and does not constitute an offer, invitation, or solicitation to buy or sell units of
these funds. Past performance of these funds are not guarantee of its future performance, and prices of units can go down as well as up and cannot be guaranteed. Prospective
investors should read the prospectus for details. The product and service described in this report may not be suitable for all investors and You are advised to seek independent
financial advice before making any investment . Persons who are resident or domiciled in countries where foreign exchange control regulations impinge on foreign offshore
investment should seek local legal and professional advice. This information is subject to change without notice. PT Ayers Asia Asset Management has no obligations to update or
amend any information contained herein.

PT Ayers Asia Asset Management, Sahid Sudirman Center, 40 Floor, Unit E. Jend Sudirman Kav 86 Jakarta 10220 Indonesia
www.AYERSASIA.com Telp. +62 21 2788 9428