The investment objective of the Fund is to seek preservation of capital and liquidity and consistent with this objective, to outperform the Singapore Overnight Rate Average (SORA) by investing in a diversified portfolio of good quality, short-term bonds and money market instruments. There is no target industry or sector and the Fund is not country-specific.
(Please note that for the A$ Hedged Class and the US$ Hedged Class, the Managers intend to hedge the currency exposure of the assets of the Scheme attributable to (a) the A$ Hedged Class into AUD and (b) the US$ Hedged Class into USD, through the use of currency forwards. Consequently, the NAV per Unit of each of the A$ Hedged Class and the US$ Hedged Class will take into account any gains or losses arising from the use of the currency forwards in respect of the relevant Class.)
Nikko AM Shenton Short Term Bond Fund (S$) won the Best-in-Class at the Benchmark Fund of the Year Awards 2022 in the Asia Fixed Income category, Singapore region.
² For hedged currency share classes only, the benchmark reflected is in the base currency.
^ With effect from 1 April 2024, the benchmark against which the Fund’s performance will be measured is the 3-month Singapore Overnight Rate Average (SORA) as the 3-month SIBOR will be discontinued after 31 December 2024.
| USD Hedged Class | Return (%) | 3 m | 6 m | 1 yr | 3 yr | 5 yr | Since Inception |
| NAV-NAV | 2.39 | 3.80 | 7.44 | 3.01 | 2.57 | 2.35 | |
| NAV-NAV (with charges1) | 1.36 | 2.76 | 6.36 | 2.66 | 2.37 | 2.22 | |
| Benchmark | 0.92 | 1.84 | 3.86 | 2.99 | 2.11 | 1.84 |
Source: Nikko Asset Management Asia Limited as of 30 September 2024
¹ Takes into account of maximum initial sales charge and a realisation charge, currently nil, as and where applicable.
² For hedged currency share classes only, the benchmark reflected is in the base currency.
| Holdings | Weight |
| MANULIFE FINANCIAL CORPORATION 3.0% 21-NOV-2029 | 2.2 % |
| DBS GROUP HOLDINGS LTD 1.822% 10-MAR-2031 | 2.0 % |
| UNITED OVERSEAS BANK LIMITED 2.0% 14-OCT-2031 | 2.0 % |
| SINGAPORE LIFE HOLDINGS PTE. LTD. 3.375% 24-FEB-2031 | 1.8 % |
| GPT WHOLESALE OFFICE FUND NO. 1 2.525% 12-JAN-2026 | 1.8 % |
| Holdings | Weight |
| BUSAN BANK 3.625% 25-JUL-2026 | 1.6 % |
| SWIRE PROPERTIES MTN FINANCING LTD. 3.1% 03-SEP-2027 | 1.5 % |
| AGI FINANCE PTY LTD. 2.119% 24-JUN-2027 | 1.4 % |
| WESTPAC BANKING CORPORATION FRN 10-JUL-2034 | 1.4 % |
| MAPLETREE TREASURY SERVICES LTD. 3.4% 03-SEP-2026 | 1.3 % |
| Country Allocation | Country Allocation |
|---|---|
| Australia | 23.1 |
| Singapore | 18.8 |
| China | 15.6 |
| Hong Kong | 9.9 |
| South Korea | 5.6 |
| Britain | 4.7 |
| Others | 17.1 |
| Cash and/or Derivatives | 5.2 |
| Sector Allocation | Sector Allocation |
|---|---|
| Banks | 23.1 |
| Real Estate | 15.7 |
| Life Insurance | 8.6 |
| Utilities | 8.5 |
| Diversified Banks | 7.5 |
| Commercial Finance | 4.2 |
| Others | 27.3 |
| Cash and/or Derivatives | 5.2 |
If you would like to invest, please get in touch with one of these distributors, or our Client Services Team at SGContactUs@nikkoam.com / (SG Toll-Free) 1-800-535-8025 or (Overseas) +65-6535-8025.
The funds mentioned are Singapore registered funds approved for sale or purchase in Singapore. By proceeding, you are representing and warranting that you are either resident in Singapore or the applicable laws and regulations of your jurisdiction allow you to access the information.
This document is purely for informational purposes only with no consideration given to the specific investment objective, financial situation and particular needs of any specific person. It should not be relied upon as financial advice. Any securities mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. You should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. Investments in funds are not deposits in, obligations of, or guaranteed or insured by Nikko Asset Management Asia Limited (“Nikko AM Asia”).
Past performance or any prediction, projection or forecast is not indicative of future performance. The Fund or any underlying fund may use or invest in financial derivative instruments. The value of units and income from them may fall or rise. Investments in the Fund are subject to investment risks, including the possible loss of principal amount invested. You should read the relevant prospectus (including the risk warnings) and product highlights sheet of the Fund, which are available and may be obtained from appointed distributors of Nikko AM Asia or our website (www.nikkoam.com.sg) before deciding whether to invest in the Fund.
The information contained herein may not be copied, reproduced or redistributed without the express consent of Nikko AM Asia. While reasonable care has been taken to ensure the accuracy of the information as at the date of publication, Nikko AM Asia does not give any warranty or representation, either express or implied, and expressly disclaims liability for any errors or omissions. Information may be subject to change without notice. Nikko AM Asia accepts no liability for any loss, indirect or consequential damages, arising from any use of or reliance on this document. This advertisement has not been reviewed by the Monetary Authority of Singapore.
The Central Provident Fund (“CPF”) Ordinary Account (“OA”) interest rate is the legislated minimum 2.5% per annum, or the 3-month average of major local banks' interest rates, whichever is higher, reviewed quarterly. The interest rate for Special Account (“SA”) is currently 4% per annum or the 12-month average yield of 10-year Singapore Government Securities plus 1%, whichever is higher, reviewed quarterly. Only monies in excess of $20,000 in OA and $40,000 in SA can be invested under the CPF Investment Scheme (“CPFIS”). Please refer to the website of the CPF Board for further information. Investors should note that the applicable interest rates for the CPF accounts and the terms of CPFIS may be varied by the CPF Board from time to time.
This site is designed to be light in carbon footprint. We strive to deliver a smoother experience, using less energy with a simplified code, light vector graphics and by reducing unnecessary features and plugins. We regularly review and archive content to reduce impact on the environment.
