Leap into prosperity this CNY 💰     Get an $88 head start to growing your wealth.

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Exclusive to Endowus

Secure yields of up to 4.84% p.a.* on your USD Cash

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Fund subscription closes on 4 July 2024
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Fund subscription closes on 5 July 2024
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What is the United Fixed Maturity Bond Fund 3?

The United Fixed Maturity Bond Fund 3 is a two-year fixed maturity bond fund that seeks to provide total return and income by investing in a portfolio of investment grade rated bonds globally. It will be offered in two US dollar share classes (accumulating and distributing share classes), making it suitable for those with US dollar needs. If you have to meet Singapore dollar liabilities, be aware of the foreign exchange risk.
Fixed maturity bond funds invest in a diversified portfolio of bonds that mature around the same date, offering the predictability of yields with the diversification benefits of bond funds. Its fixed maturity nature allows investors to lock in attractive yields for a set period, providing a buffer against potential interest rate cuts in the future.

Up to 4.84%*

Indicative Net Yield (after all fees)

2 years

Fixed Maturity (17 July 2026)

USD

Fund currency
i
Click here to read more details about the United Fixed Maturity Bond Fund 3.
*The distributions are not guaranteed and will be reviewed periodically. Historical dividend yield is not indicative of future dividend payouts. In the event of income and realised gains being less than the intended distribution, distributions will be made from capital. Past performance is not indicative of future performance.

See how this fund compares with other offerings

Features
Indicative Gross Yield
Indicative Net Yield (after fees)
Currency
Maturity
United Fixed Maturity Bond Fund 3
5.59% p.a.
Indicative Gross Yield
4.84% p.a.
Indicative Net Yield (after fees)
USD
Currency
17 July 2026
Maturity
Other banks' fixed deposits
3.9% - 4.5% p.a.
Indicative Gross Yield
3.9% - 4.5% p.a.
Indicative Net Yield (after fees)
USD
Currency
2 years later
Maturity
2-year US Treasuries
4.7% p.a.
(as of 18 June 2024)
Indicative Gross Yield
4.2% - 4.7% p.a.
Indicative Net Yield (after fees)
USD
Currency
2 years later
Maturity
*This is not a bank deposit and not capital guaranteed, and is subject to investment risks and default risk of underlying bonds, including the possible loss of the principal amount invested. Investment products are not insured products under the provisions of the Deposit Insurance and Policy Owners Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Interest rates are indicative and subject to change at any time.

The figures presented are based on research conducted by Endowus. Please note that different financial institutions and platforms may offer varying rates. We strongly encourage you to conduct your own research and due diligence before making any investment decisions.

How to participate in this fund?

1

Sign up or login

Sign up for an Endowus account to open a broker account. If you are an existing Endowus client, proceed to Step 2.
2

Indicate your interest

Once your broker account is opened, log in via the mobile app and click on the top banner on your dashboard to indicate your interest.
3

Review your fund details

Choose between an accumulating or distributing share class and review the fund details before proceeding.
4

Confirm your order

Indicate the amount that you wish to invest (starting from USD1,000) and confirm your order

That’s it! Proceed to deposit the respective USD amount into your Endowus cash balance and we will handle the rest.

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Want to know more?

Is the indicative yield guaranteed?

The indicative portfolio yield refers to the expected level of total return (including both interest income and capital appreciation) that investors can anticipate from the fixed maturity bond fund. While not guaranteed, this is an essential factor to consider when assessing the potential return on the investment.

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The indicative yield is calculated based on the model portfolio as of 31 May 2024, and a conservative estimate on the fund’s total expense ratio,and it may differ from the actual yield once the portfolio is incepted on 15 July 2024. Any movements in the yield environment, whether up or down, from 31 May to 15 July 2024, may result in differences between the indicative yield and the actual yield.

What happens at maturity of this product?

At maturity date, the fund will terminate, and investors will receive all returns generated from the underlying holdings (i.e. the principal plus any accrued interest).

What are the potential risks?
  1. Default Risk: The fund is not principal protected, and investors are subject to default risk of the underlying bonds. If there are any defaults, the principal of your investment can be at risk.
  1. Market risk: During the 2 year period, there can also be fluctuations in the market value of the fund. However, these mark to market fluctuations will not be realised if the investment is held to maturity (assuming no defaults in the underlying bonds).
  1. Liquidity Risk: The fund operates under a 2-year fixed term. Generally redemption is permitted weekly upon request. However UOB Asset Management charges up to 2% early redemption fee for redemptions made before the maturity date.
  1. FX Risk: The Fund is suitable for investors who currently hold USD. If you hold SGD or other currencies and convert to USD to invest, you will be subject to FX risk.

Please refer to the fund documents for full risk disclosures.

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