Funds Detail
ETFs

Nikko AM SGD Investment Grade Corporate Bond ETF

ISIN: SGXC70121915
Bloomberg Ticker: NIKIGCB SP
Investment Objective

The investment objective of the Fund is to provide investors with investment returns that correspond closely to the total return of the iBoxx SGD NonSovereigns Large Cap Investment Grade Index (the "Index") or upon the Manager giving three (3) months' prior written notice to the Trustee and the Holders, such other index which tracks the performance of SGD denominated investment grade bonds excluding Singapore Government Securities ("SGD-denominated Investment Grade Bonds") before fees and expenses.

Fund Details
Benchmark
iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index
Listing Date
27 August 2018 on the Singapore Exchange
Fund Structure
Open-ended Listed Unit Trust traded on Singapore Exchange
Lot Structure
1 unit per lot
Dividend Distribution Frequency
Semi-annually at discretion of Manager*
Valuation Frequency
Daily
Listing
Singapore Exchange
Manager
Nikko Asset Management Asia Limited
Trustee
DBS Trustee Limited
Fund Auditor
PricewaterhouseCoopers LLP (Singapore)
Designated Market Makers
FlowTraders Asia Pte Ltd, Phillip Securities Pte Ltd
Management Fee
0.15% p.a.^
Trustee Fee
Up to 0.02% p.a.^
Total Expense Ratio
0.26% p.a. (Audited as of financial period ended 30 June 2022)#
SGX Trading Name
NikkoAM SGD IGBond ETF
SGX Stock Code
MBH
* Distributions are not guaranteed and are at the absolute discretion of the Manager.

^ Usual brokerage and handling charges to apply. Please refer to the Fund Prospectus for complete information on the Fund, relevant disclosures and fees payable.

# Management Fee and Trustee Fee are included in the calculation of Total Expense Ratio.
Fund NAV
Fund NAV
Fund Size
Outstanding Units
Initial Issue Price
S$ 1.00 (At Fund Launch)
About the Index

The iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index is an Index compiled and calculated by Markit Indices Limited. The Index is designed to reflect the performance of SGD denominated non-sovereigns investment grade bonds.

The index rules aim to offer a broad coverage of the underlying bond universe, whilst upholding minimum standards of investability and liquidity. Minimum inclusion size for each corporate bond is SGD 300 million with a maximum 20% limit on single issuer exposures. The Nikko AM SGD Investment Grade corporate bond ETF aims to track the performance of the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index.

  1. The Index consists of investment grade bonds

    The top 5 issuers in the Index include established and credible institutions such as the Housing Development Board (HDB), Temasek Financial, United Overseas Bank (UOB), the Land Transport Authority (LTA), and Singapore Airlines. Only investment grade bonds, with a credit rating of AAA to BBB, are eligible for inclusion into the Index.

  2. The Index is Singapore Dollar denominated with no currency risk

    The Index is 74.8% Singapore issuers and 100% Singapore Dollar denominated with no currency risk for local investors.

  3. The Index has a lower duration

    The Index has an average duration of 4.7 years. Typically, the longer the duration of a corporate bond portfolio the more sensitive it will be to changes in interest rates. The Index has a lower duration relative to the Singapore Government Bonds because almost 90% of the underlying corporate bonds will mature within 10 years.

  4. A diversifier to improve risk-adjusted returns

    During the period from August 2012 to March 2021, Singapore corporate bonds displayed low correlation to Singapore equities. By adding Singapore corporate bonds to an all-Singapore equity portfolio, investors could reap diversification benefits and improve the risk-return profile of their portfolio.

Performance (SGD)
Source: Nikko Asset Management Asia Limited as of
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.
Fund Holdings
Top 10 Holdings Weight

Country Allocation (%)
Sector Allocation (%)
Fund Characteristics
Market Cap Allocation (%)
Portfolio Allocation (%)
Theme Allocation (%)
Region Allocation (%)
Credit Rating (%)
Duration (%)
Active Stock Allocation
Top 5 Active Stocks Weights Fund

* Amounts of less than 0.1% are not displayed
Issuer (%)
Asset Allocation (%)
Ways to Invest
01
Trade through your stock broker on the Singapore Exchange (SGX) using:
Cash
CPF
#The Fund is included under the CPFIS - Ordinary Account and has been classified by the CPF Board under the Low to Medium Risk - Narrowly Focused - Country - Singapore.
Supplementary Retirement Scheme (SRS)
SRS is a voluntary savings scheme to encourage individuals to save for retirement while reducing taxable income.
03
Direct Subscription through Participating Dealers (for subscriptions of 50,000 units and above)
Subscribe directly to the ETF through any of our participating dealers, subject to minimum unit requirements stated below.
Cash Subscription of New Units
For subscription of new units in the ETF using the cash option, investors need to go through an authorised participating dealer and a minimum of 50,000 units is required.
In-kind Subscription of New Units
For subscription of new units in the ETF using the in-kind option, investors need to go through an authorised participating dealer and a minimum of 20,000,000 units or multiples of 20,000,000 is required.
Documents
Important Information

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