LU2066861621
abrdn SICAV I - Frontier Markets Bond Fund SGD-Hedged

Fixed income
Government bond
Emerging markets
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to provide income by investing in bonds issued by companies, governments or other bodies, in Frontier Market countries.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Offers access to frontier market economies, characterized as the next generation of emerging markets with the potential for high structural growth. Invests primarily in a diversified portfolio of debt securities issued by governments, companies, or other bodies within frontier market countries.

People

Managed by Kevin Daly, a veteran investor with over 20 years of focus on frontier markets who has led the strategy since its inception. Supported by a deep bench of approximately 30 sovereign and corporate analysts providing comprehensive coverage across more than 80 countries.

Performance

Targets competitive risk-adjusted returns relative to the broader global emerging market bond peer group over a full market cycle. Structured to accept higher volatility inherent to frontier markets in exchange for potentially higher yields and distinct growth drivers.

Process

Utilizes a collaborative research framework where analysts conduct rigorous fundamental analysis on specific countries and corporate issuers. Integrates macro-level economic and political assessments with intensive qualitative due diligence, including direct site visits and engagement. Focuses on identifying relative value opportunities across a vast universe of issuers to capture mispricing in these less efficient markets.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Serves as a satellite allocation for investors seeking differentiated exposure to less crowded and higher-yielding fixed income segments. Suitable for investors with a high risk tolerance who are willing to accept elevated volatility to access the growth potential of early-stage developing economies.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

36.33%

YTD

-0.08%

1 month

-4.30%

6 month

5.06%

1 year

14.85%

3 year

53.39%

5 year

30.84%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-27.20%As of Mar 2026

Volatility

12.41%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	3.0%	1.4%	-4.3%	-	-	-	-	-	-	-	-	-
2025	17.0%	2.6%	1.2%	-1.9%	-2.2%	2.4%	2.6%	2.0%	1.4%	2.8%	2.2%	1.0%	1.9%
2024	11.9%	0.4%	2.3%	3.7%	-0.6%	0.2%	-0.2%	0.8%	1.3%	1.8%	0.9%	1.0%	-0.2%
2023	16.4%	4.8%	-1.7%	-3.7%	0.1%	2.1%	4.9%	3.3%	-2.5%	-0.2%	1.3%	3.8%	3.7%
2022	-17.0%	-1.9%	-4.1%	-3.1%	-2.1%	-1.7%	-9.4%	-1.7%	3.7%	-7.3%	1.0%	9.6%	-0.0%
Load more		5 of 8

Top Exposures

Holdings

Regions

Sectors

Ghana (Republic of) 5% (2035-07-03 Maturity)	3.53%
Suriname (Republic of) 8.5% (2035-11-06 Maturity)	3.00%
Egypt (Arab Republic of) 8.875% (2050-05-29 Maturity)	2.27%
Argentina (Republic Of) 0.75% (2030-07-09 Maturity)	2.10%
Ecuador (Republic Of) 5% (2040-07-31 Maturity)	1.94%
Benin (The Republic of) 8.375% (2041-01-23 Maturity)	1.82%
Ecuador (Republic Of) 8.75% (2034-01-29 Maturity)	1.77%
Argentina (Republic Of) 4.125% (2035-07-09 Maturity)	1.63%
Kenya (Republic of) 18.4607% (2032-08-09 Maturity)	1.62%
Cameroon (Republic of) 8.875% (2033-01-30 Maturity)	1.55%
El Salvador (Republic of) 9.5% (2052-07-15 Maturity)	1.54%
Ukraine (Republic of) 4.5% (2035-02-01 Maturity)	1.43%
Ivory Coast (Republic Of) 8.25% (2037-01-30 Maturity)	1.43%
Angola (Republic of) 9.875% (2035-10-15 Maturity)	1.41%
Sri Lanka (Democratic Socialist Republic of) 3.6% (2035-06-15 Maturity)	1.35%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.68%0.93% p.a.

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Fund facts

ISIN

LU2066861621

Fund house

Aberdeen Investments

Fund size

S$1.8B

As of 14 Apr 2026

Fund inception date

15 Nov 2019

Fund class currency

SGD

Fund share class

A Acc SGD Hedged

Oldest share class ISIN

LU0963865240

Oldest share inception date

25 Sep 2013

Pricing frequency

Daily

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LU2066861621abrdn SICAV I - Frontier Markets Bond Fund SGD-Hedged

LU2066861621
abrdn SICAV I - Frontier Markets Bond Fund SGD-Hedged