SG9999004212
Amova (formerly Nikko AM) Short Term Bond Fund

  • Fixed income
  • Investment grade
  • Short duration
  • Asia
  • SGD Cash, CPF OA, CPF SA, SRS
  • Accumulating
Invest with
SGD Cash, CPF OA, CPF SA, SRS
Payout type
Accumulating
Risk rating
2
About this fund
Description
The Fund aims to seek preservation of capital and liquidity, and to outperform the Singapore Interbank Offered Rate (SIBOR) by investing in a diversified portfolio of good quality, short-term bonds and money market instruments with no target industry...
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
Product
Targets a diversified pool of actively managed short-term bonds and money market instruments, focusing on high-quality Investment Grade securities to ensure safety and stability. Positioned as a liquid, capital-preservation-focused solution designed to bridge the gap between cash and longer-duration fixed income.
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people
People
Led by Head of Asia Credit Wai Hoong Leong, alongside 2 Senior Portfolio Managers, who collectively bring decades of experience in navigating Asian credit markets. Managed by a substantial Asian Fixed Income team of over 15 investment professionals, benefitting from a centralized decision-making structure that combines bottom-up insights with top-down thematic views. The team leverages a dedicated group of credit research analysts and integrates ESG factors directly into their proprietary Internal Credit Rating model to enhance risk assessment.
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performance
Performance
Consistently targets a yield premium over cash benchmarks (SORA) while maintaining a strict focus on capital preservation and liquidity. Designed to offer a stable return profile with low volatility, avoiding large systematic bets to minimize drawdowns. Performance is driven by a track record of active management that seeks to outperform the benchmark through credit selection rather than taking on significant duration risk.
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process
Process
Utilizes a proprietary Fundamental, Valuation, and Technical framework to synthesize top-down macro views with rigorous bottom-up credit research for security selection. Employs a robust Internal Credit Rating model to independently assess issuers, allowing the team to identify value beyond external agency ratings. Portfolio construction follows a strict risk budgeting process, ensuring diversification across countries, sectors, and issuers to mitigate concentration risk.
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cost
Cost
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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selectionCriteria
How it fits in a portfolio
It serves as a safe, defensive allocation that provides exposure to a diversified pool of Asian quality bonds, offering portfolio stability. It functions as a yield enhancer, offering better potential returns than pure cash without the volatility of longer-term bond funds. Given its specific concentration in Asian bonds and currencies, the fund carries geographic risk and should ideally be positioned within a broader, globally diversified portfolio to mitigate regional bias.
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Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
All Time
​
Total returns
All Time
53.60%
YTD
0.54%
1 month
0.27%
6 month
1.04%
1 year
3.56%
3 year
13.00%
5 year
12.44%
10 year
25.76%
As of Feb 2026
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
5.11%As of Aug 2023
Risk metrics
Max drawdown
-4.02%As of Feb 2026
Volatility
1.20%As of Feb 2026
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-0.3%0.3%----------
20253.8%0.3%0.5%0.2%0.2%0.5%0.6%0.5%0.5%0.3%0.2%-0.1%0.0%
20244.3%0.4%0.2%0.4%0.0%0.5%0.4%0.7%0.6%0.6%0.1%0.2%0.2%
20234.5%0.7%0.0%0.5%0.5%0.1%0.1%0.4%0.1%0.3%0.3%0.7%0.7%
2022-1.2%-0.4%-0.2%-0.8%-0.1%0.3%-0.2%-0.0%-0.0%-0.4%-0.3%0.5%0.7%
Load more5 of 21
Top Exposures
National Australia Bank Ltd. 4.9549% (2035-11-14 Maturity)2.11%
Far East Horizon Ltd. 4.25% (2028-02-14 Maturity)1.86%
Australia & New Zealand Banking Group Ltd. 5.2454% (2035-01-15 Maturity)1.79%
Pcgi Intermediate Holdings (Iii) Ltd 4.5% (2026-08-23 Maturity)1.73%
Commonwealth Bank of Australia 5.4146% (2035-09-12 Maturity)1.65%
Goodman Australia Finance Pty Ltd. 4.25% (2030-05-03 Maturity)1.61%
Swiss Re Subordinated Finance PLC 3.75% (2031-03-26 Maturity)1.60%
CK Hutchison Europe Finance (18) Limited 2% (2030-04-13 Maturity)1.54%
Power Finance Corp Ltd. 1.841% (2028-09-21 Maturity)1.53%
Commerzbank AG 5.7% (2033-05-03 Maturity)1.44%
Swire Properties MTN Financing Ltd. 3.4% (2029-09-03 Maturity)1.42%
Bank of East Asia Ltd. (The) 2.95% (2029-09-09 Maturity)1.41%
Far East Horizon Ltd. 5.875% (2028-03-05 Maturity)1.37%
Westpac Banking Corp. 5.1535% (2035-02-12 Maturity)1.35%
Westpac Banking Corp. 5.407% (2034-07-10 Maturity)1.34%
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
0.42%0.27% p.a.
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Fund facts
ISIN
SG9999004212
Fund house
Amova AM Asia
Fund size
S$1.2B
As of 27 Feb 2026
Fund benchmark
SIBOR 3 Month SGD
Fund inception date
29 Sep 2000
Fund class currency
SGD
Fund share class
SGD Acc
Oldest share class ISIN
SG9999004212
Oldest share inception date
29 Sep 2000
Pricing frequency
Daily

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