Funds Detail
Equity

Singapore Dividend Equity Fund - SGD Class

ISIN: SG9999003826
Bloomberg Ticker: DBSSINE SP
Highlights
Multi-Award Winning Fund
The Singapore Dividend Equity Fund is a multi-award-winning fund invested primarily in equities listed on the Singapore Stock Exchange that offer attractive and sustainable dividend payments.
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The Singapore Dividend Equity Fund is a multi-award-winning fund1 invested primarily in equities listed on the Singapore Stock Exchange that offer attractive and sustainable dividend payments. The fund's successful dividend-focused strategy has produced a track record of strong and consistent performance.

For more details on our investment philosophy, Research and ESG (Environment, Social, and Governance) framework and investment team, please visit the Singapore Equity Strategy page.

 

 
 
 
 
 
 
 

1 See list of Awards for the Singapore Dividend Equity Fund. Past performance is not necessarily indicative of future performance. 


Roaring Success Rooted in the Lion City 
The ingredients critical to the fund's success can be found in the strong foundations of the Lion City state of Singapore. 
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The ingredients critical to the fund's success can be found in the strong foundations of the Lion City state of Singapore. 

It benefits from Singapore's world-class corporate governance culture. The country’s robust financial regulations, a business-friendly environment and sound political stability provide a high degree of predictability for businesses operating here and anchor investor confidence over the long run. According to the Economist Intelligence Unit (as of 10 April 2020), Singapore is the best country in the world for business from 2020 to 2024. Singapore is also the only Asian country that has the highest AAA credit rating awarded by all 3 major credit rating agencies (based on Fitch, Moody's and S&P Rating, 31 March 2022)2. 

Rooted in Singapore's resilient and diversified economy, investors can take advantage of the flexibility to invest in the fund using SGD, USD, or RM (distribution in Malaysia only). 

2 Source: Bloomberg, 31 March 2022 


Fund Benefits
There are three key fund benefits
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  1. Monthly distributions* of between 5% to 7% per annum of the NAV per Unit 
  2. Exposure to strong Singapore dollar 
  3. Flexibility to invest using SGD, USD, or RM (distribution in Malaysia only). 

* Distributions are not guaranteed and are at the absolute discretion of the Manager. Any distribution is expected to result in an immediate reduction of Fund’s NAV. Distributions may be paid out of capital which will result in capital erosion and reduction in the Fund’s NAV, which will be reflected in the redemption price of the Units. Please refer to the applicable prospectus and product highlights sheet for more information. 


Focus on Dividends
Equities offering sustainable dividend payments with long term capital appreciation potential will be emphasised, which are broadly categorised as Dividend Anchors and Dividend Growers.
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Equities offering sustainable dividend payments with long term capital appreciation potential will be emphasised, which are broadly categorised as Dividend Anchors and Dividend Growers. 

The Dividend Advantage 

Dividend expectations for Singapore corporates continue to remain more resilient than earnings estimates, which is a testament to the quality of underlying earnings, cash flows and balance sheets. Since 2010, reinvested dividends had offered additional alpha and enhanced the returns for the STI by more than 50% as shown below on a cumulative basis (annualised returns of the STI since 2010 to March 2022 is more than 4% p.a.). 

In a low interest–rate environment, where decent yields are hard to come by, stocks that pay an attractive and predictable dividend yield will continue to be in strong demand with yield–hungry investors. 

 

Reinvested Dividends Enhanced STI Returns Since 2010

Singapore-dividend-equity-chart

Source: Bloomberg, March 2022. Returns are shown on a cumulative basis. Annualised returns of the STI since 2010 to March 2022 is more than 4% p.a.
Any forecast or past performance is not necessarily indicative of future performance.


Investment Objective

The investment objective of the Fund is to achieve medium to long term capital appreciation. The Fund invests primarily in equities listed on the Singapore Exchange Securities Trading Limited that offer attractive and sustainable dividend payments with the potential for long term capital appreciation and may also invest in non-Straits Times Index (FTSE STI) component stocks as well as equities listed outside of Singapore with similar characteristics.

Fund Details
Base Currency
SGD
Initial Sales Charge
Up to 5.00%
Management Fee
1.25% p.a.
Benchmark
Nil^
Subscription
Cash, SRS, Regular Savings Plan (RSP)
Minimum Initial Investment
SGD 1,000
Minimum Subsequent Investment
SGD 100
Minimum Initial Investment - RSP
SGD 1,000
Minimum Subsequent Investment - RSP
SGD 100/month
^ With effect from 1 November 2017, the benchmark for the Singapore Dividend Equity Fund (i.e. Straits Times Index) has been removed and there will no longer be any benchmark for the Fund. This is because pursuant to the investment objective of this Fund, this Fund is managed on a total return basis and as such, it does not seek to outperform any benchmark. Prior to 1 July 2001, the benchmark was DBS 50 Index.
Fund NAV
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.

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

Fund Holdings
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Top 5 Active Stocks Weights Fund

* Amounts of less than 0.1% are not displayed
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Ways to Invest
Documents
Important Information

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