Bond

Nikko AM Shenton Asia Bond Fund - USD Class B

ISIN: SG9999004162
Bloomberg Ticker: DBSABUB SP

Overview

Investment Objective

The investment objective of the Fund is to provide investors with medium to long term capital appreciation and to make regular income distributions during the investment period. The Fund will invest primarily in transferable debt securities issued by issuers based in the Asia Pacific region which may be in local and/or foreign currencies. The Managers, at their sole discretion, may invest not more than 30% of the Fund in regions other than the Asia Pacific region. The Fund may also invest in real estate investment trusts ("REITs") listed or traded on a regulated market. Currently, does not invest into REITs listed or traded on a regulated market. There is no target industry or sector.

Fund Details

SGD
Up to 5.00%
0.8% p.a.
Markit iBoxx Asian Local Bond Index (ALBI)^
Cash
USD 100,000
USD 10,000

^ With effect from 1 Oct 2011, the benchmark is the HSBC Asian Local Bond Index (ALBI). With effect from 20 April 2016,the calculation and publication of the HSBC Asian Local Bond Index (ALBI) has ceased and the benchmark is replaced with the Markit iBoxx Asian Local Bond Index (ALBI).

Performance

USD Class B Return (%) 3 m 6 m 1 yr 3 yr 5 yr Since Inception
NAV-NAV -2.54 3.46 -0.85 -2.19 0.13 2.59
NAV-NAV (with charges1) -7.41 -1.71 -5.81 -3.85 -0.90 2.31
Benchmark -1.87 4.53 0.62 -0.79 1.51 -

Source: Nikko Asset Management Asia Limited as of 31 March 2024
¹ Takes into account of maximum initial sales charge and a realisation charge, currently nil, as and where applicable.
^ With effect from 1 Oct 2011, the benchmark is the HSBC Asian Local Bond Index (ALBI). With effect from 20 April 2016,the calculation and publication of the HSBC Asian Local Bond Index (ALBI) has ceased and the benchmark is replaced with the Markit iBoxx Asian Local Bond Index (ALBI).

Holdings

Top 10 Holdings

Holdings Weight
NIKKOAM-ICBCSG CHINA BOND ETF 5.1 %
GOVERNMENT OF CHINA 2.75% 17-FEB-2032 4.8 %
GOVERNMENT OF INDONESIA 6.625% 15-FEB-2034 4.7 %
GOVERNMENT OF SOUTH KOREA 3.75% 10-DEC-2033 4.6 %
INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 6.75% 13-JUL-2029 4.2 %
Holdings Weight
GOVERNMENT OF CHINA 3.32% 15-APR-2052 4.0 %
GOVERNMENT OF THE PHILIPPINES 6.625% 17-AUG-2033 3.8 %
GOVERNMENT OF INDONESIA 7.125% 15-JUN-2043 3.3 %
GOVERNMENT OF INDIA 7.57% 17-JUN-2033 3.2 %
GOVERNMENT OF SOUTH KOREA 2.5% 10-MAR-2052 3.1 %
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 SGContactUs@nikkoam.com / (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. ou 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.

The Markit iBoxx Asian Local Bond (ALBI) Index referenced herein is the property of Markit Indices Limited and is used underlicense. The Nikko AM Shenton Asia Bond Fund is not sponsored, endorsed, or promoted by Markit Indices Limited.

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