Nikko AM Multi Sector Credit Fund - SGD (Acc) Class

ISIN: SG9999003743
Bloomberg Ticker: DBSGLBS SP


Investment Objective

The investment focus and approach of the Nikko AM Multi Sector Credit Fund is to adopt an active strategic and tactical asset allocation process to credit-related debt securities globally. Through this asset allocation process, the Fund will gain exposure to actively selected debt securities based on both fundamental and quantitative research. The strategic asset-allocation process applies a risk-balanced approach to each of the credit sectors with the tactical overlay allowing the Fund to shift these allocations to exploit investment opportunities of different market environments.
The Fund will invest in credit-related debt securities such as emerging market debt, high-yield debt and investment-grade corporate debt. The Fund may also invest in other assets such as convertible bonds, asset-backed securities, mortgage-backed securities, debt securities of governments and their agencies and cash and cash equivalents. Depending on the market environment, the Fund has the flexibility to allocate tactically to any other credit sector not mentioned above.

Fund Details

Up to 5.00%
1.25% p.a.
Cash, SRS, Regular Savings Plan (RSP)
SGD 1,000
SGD 100
SGD 1,000
SGD 100/month

^ With effect from 24 August 2021, the Benchmark will be changed from Bloomberg Barclays Global Aggregate Index SGD Hedged to Bloomberg Global Aggregate Index SGD Hedged. Previously, the benchmark was known as BarCap Global Aggregate Index SGD Hedged or the Lehman Brothers' Global Aggregate (SGD Hedged) Index.


SGD (Acc) Class Return (%) 3 m 6 m 1 yr 3 yr 5 yr Since Inception
NAV-NAV 1.29 5.62 10.78 -1.37 0.77 2.06
NAV-NAV (with charges1) -3.78 0.34 5.24 -3.04 -0.26 1.85
Source: Nikko Asset Management Asia Limited as of 31 March 2024
Returns are calculated on a NAV-NAV basis and assuming all dividends and distributions are reinvested, if any. Returns for period in excess of 1 year are annualised. Past performance is not indicative of future performance.

1 Takes into account of maximum initial sales charge and a realisation charge, currently nil, as and where applicable.


Top 10 Holdings

Holdings Weight
SCULE 7X CE 20-15/01/2034 FRN 3.3 %
TIKEHAU CLO II BV 2X DRR 21-07/09/2035 FRN 3.2 %
ST PAUL'S CLO VIII DAC 8X D 17-17/07/2030 FRN 3.1 %
BARINGS CLO LTD 2020-1A DR 21-15/10/2036 FRN 3.0 %
MADISON PARK FUNDING XXVII LTD 2018-27A C 18-20/04/2030 FRN 3.0 %
Holdings Weight
NEUBERGER BERMAN LOAN ADVISERS CLO 26 LTD 2017-26A D 17-18/10/2030 FRN 3.0 %
Cairn CLO XIII DAC 2021-13X D 1.9 %
GREYWOLF CLO VI LTD 2018-1A C 18-26/04/2031 FRN 1.5 %
Source: Nikko Asset Management Asia Limited as of 31 March 2024.

Country Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 March 2024.
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Sector Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 March 2024.
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Ways to Invest

Contact Us

If you would like to invest, please get in touch with one of these distributors, or our Client Services Team at / (SG Toll-Free) 1-800-535-8025 or (Overseas) +65-6535-8025.

Distributor List
Important Information

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 ( 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.

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