Report - Nikko AM Asia Limited

NIKKO AM SHENTON EIGHT PORTFOLIOS
(Constituted under a Trust Deed registered in the Republic of Singapore)
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2013
8. Financial ratios
Expense ratio
Eight Portfolio A
2013 2012
Total operating expenses S$ 43,408 44,704
Average daily net asset value S$ 3,471,011 3,755,666
Total expense ratio 1 (including underlying
funds’ expense ratio) % 2.59 2.59
Weighted average of the underlying funds’
unaudited expense ratio % 1.34 1.40
Eight Portfolio B
2013 2012
Total operating expenses S$ 89,039 82,189
Average daily net asset value S$ 9,404,699 9,819,016
Total expense ratio 1 (including underlying
funds’ expense ratio) % 2.22 2.30
Weighted average of the underlying funds’
unaudited expense ratio % 1.27 1.46
Eight Portfolio C
2013 2012
Total operating expenses S$ 575,028 480,939
Average daily net asset value S$ 112,710,198 115,355,903
Total expense ratio 1 (including underlying
funds’ expense ratio) % 1.73 1.95
Weighted average of the underlying funds’
unaudited expense ratio % 1.22 1.53
Eight Portfolio D
2013 2012
Total operating expenses S$ 152,369 123,964
Average daily net asset value S$ 25,582,300 28,905,143
Total expense ratio 1 (including Underlying
Fund's expense ratio) % 1.72 2.05
Weighted average of the underlying funds’
unaudited expense ratio % 1.12 1.62
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