LU2066861894

abrdn SICAV I - Frontier Markets Bond Fund SGD-Hedged (Dist.)(LU2066861894)

Fixed income
Government bond
Emerging markets
SGD Cash, SRS
Distributing

Invest with

SGD cash, SRS

Payout type

Distributing

Risk rating

About this fund

Description

The Fund aims to achieve long term total return by investing at least two-thirds of the Fund’s assets in debt and debt-related securities which are (i) issued by governments or government related bodies domiciled in a Frontier Market country and/or i...

Key information

Annual report

View

Product Highlight Sheet

View

Prospectus

View

Information Memorandum

View

Factsheet

View

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

Daily data as of 22 Jun 2026.

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

44.74%

YTD

6.51%

1 month

1.90%

6 month

6.97%

1 year

20.54%

3 year

54.52%

5 year

33.04%

Distributions

8.11%

Frequency

Monthly

01 Jun 2026

Risk metrics

Max drawdown

-29.11%

Volatility

10.44%

Calendar returns

Monthly data as of Jun 2026.

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	3.0%	1.4%	-4.3%	3.8%	1.5%	-	-	-	-	-	-	-
2025	17.0%	2.6%	1.2%	-1.9%	-2.1%	2.4%	2.7%	2.0%	1.4%	2.8%	2.2%	1.0%	1.9%
2024	11.8%	0.4%	2.3%	3.7%	-0.6%	0.2%	-0.2%	0.8%	1.3%	1.8%	0.9%	1.0%	-0.3%
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%
Egypt (Arab Republic of) 8.875% (2050-05-29 Maturity)	2.41%
Ecuador (Republic Of) 5% (2040-07-31 Maturity)	2.28%
Suriname (Republic of) 8.5% (2035-11-06 Maturity)	2.11%
Benin (The Republic of) 8.375% (2041-01-23 Maturity)	2.02%
Kenya (Republic of) 18.4607% (2032-08-09 Maturity)	1.99%
Cameroon (Republic of) 8.875% (2033-01-30 Maturity)	1.76%
Argentina (Republic Of) 4.125% (2035-07-09 Maturity)	1.73%
Angola (Republic of) 9.875% (2035-10-15 Maturity)	1.69%
Zambia (Republic Of) 5.75% (2033-06-30 Maturity)	1.45%
El Salvador (Republic of) 9.5% (2052-07-15 Maturity)	1.44%
Kyrgyzstan (Republic of) 7.75% (2030-06-03 Maturity)	1.43%
Ivory Coast (Republic Of) 8.25% (2037-01-30 Maturity)	1.32%
Ukraine (Republic of) 4.5% (2035-02-01 Maturity)	1.31%
Egypt (Arab Republic of) 0% (2026-10-13 Maturity)	1.27%

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%0.86% p.a.

Save 48%

Save up to 65% in fees

Invested elsewhere? Transfer your funds to Endowus in four easy steps. Learn more

Fund facts

ISIN

LU2066861894

Fund house

Aberdeen Investments

Fund size

S$2.2B

As of 22 Jun 2026

Fund inception date

15 Nov 2019

Fund class currency

SGD

Fund share class

A MincA Hedged SGD

Oldest share class ISIN

LU0963865240

Oldest share inception date

25 Sep 2013

Pricing frequency

Daily

Disclaimer: ©2025 Morningstar. All Rights Reserved. The information contained here relating to a particular collective investment scheme: (1) is proprietary to Morningstar Research Pte. Limited and/or its content providers (“Information Provider(s)“) unless otherwise specified; and (2) may not be copied or distributed. Neither the Information Provider nor Endowus guarantee or endorse the accuracy, reliability, completeness or timeliness of the information, or are responsible for any damages or losses arising from any use of this information. Further, for technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses.

This website is for information purposes only and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. Any opinion or estimate above is made on a general basis and none of Endowus, nor any of its affiliates, representatives, or agents have given any consideration to nor have made any investigation of the objective, financial situation, or particular need of any user, reader, any specific person or group of persons. Opinions expressed herein are subject to change without notice. You should carefully consider whether any investment views and investment products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice via Endowus' platform.

Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

You are responsible for downloads from this website. Endowus does not warrant that any downloads from this website will meet your needs or expectations, or be uninterrupted, secure, or error free or that any files available for downloading through this website are free of computer viruses or other harmful components. You alone are responsible for ensuring adequate protection and backup of data, software, computer, and other equipment is made and appropriate safeguard is in place to detect, prevent and eliminate computer viruses and other harmful effects. Neither Endowus nor the Information Provider will be responsible for any costs or expenses which may be incurred if your use of this website or if any downloads results in any servicing or replacement of property, material, equipment, or data.

This advertisement has not been reviewed by the Monetary Authority of Singapore.