Dimensional Global Core Fixed Income III Fund SGD-Hedged(IE000GCBOHN8)
- Fixed income
- Investment grade
- Global
- SGD Cash, CPF OA
- Accumulating
The Fund aims to maximise total returns in Singapore Dollar terms over the longer term by investing in debt issued mainly by governments, other public bodies, and companies from developed countries.
Provides low-cost exposure to over 300 government and investment-grade corporate bonds across the world, diversified across issuers, industries, countries and currencies. Harvests term premium and credit premium, which are academically proven to be persistent drivers of the expected return of bonds.
Managed by Dimensional Fund Advisors, a recognized leader in systematic investment strategies, with over USD 900 billion in assets under management. The firm brings over 40 years of experience in systematic investing, supported by rigorous, academically grounded empirical research backing its rigorous investment process, and has been associated with 5 Nobel laureates.
Expected to exhibit some tracking error relative to its benchmark, Bloomberg Global Aggregate Bond (hedged to SGD) Index. Expected to deliver some outperformance over a complete market cycle above benchmark through its systematic process of increasing credit allocation when credit spread widens and increasing duration when yield curve steepens.
The Fund always targets fixed income segments with higher expected return, emphasising more attractive parts of the fixed income market relative to the benchmark based on the information derived from securities’ current term and credit spreads. Empirical academic research has shown that term spread and credit spread are persistent drivers of bond’s future expected return. Has a robust daily portfolio management process to ensure efficient trading and to keep the strategies consistently focused on the premiums they are intended to capture.
Access to the Institutional share class with no trailer fees to achieve the lowest possible fees.
Investors looking for low cost exposure to the core global fixed income market could find the Fund attractive. It maintains a duration range that is -1 to +0.5 relative to Bloomberg Global Aggregate Bond Index. However, investors should note that credit and term premium can experience underperformance in the short to medium term, despite strong evidence suggesting their long-term outperformance.
Daily data. Returns as of 06 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 0.3% | 1.2% | -2.5% | 0.3% | 0.8% | 0.2% | -1.7% | -0.1% | - | - | - | - |
| 2025 | 2.8% | 0.2% | 1.2% | -0.9% | 0.6% | -0.1% | 0.9% | 0.0% | 0.2% | 0.8% | 0.6% | -0.1% | -0.8% |
| 2024 | - | - | - | - | - | - | - | - | 1.1% | 1.0% | -1.7% | 1.3% | -1.3% |
| Japan (Government Of) | 6.83% |
| Alphabet Inc. | 2.90% |
| United Kingdom of Great Britain and Northern Ireland | 2.72% |
| Walmart Inc | 2.61% |
| New Zealand (Government Of) | 2.19% |
| Ontario (Province Of) | 2.10% |
| British Columbia (Province Of) | 1.99% |
| Amazon.com, Inc. | 1.76% |
| Quebec (Province Of) | 1.68% |
| Blackrock Inc. | 1.66% |
| Manitoba (Province of) | 1.66% |
| Berkshire Hathaway Finance Corporation | 1.51% |
| Novo Nordisk Finance (Netherlands) B.V. | 1.47% |
| Cisco Systems, Inc. | 1.39% |
| Montreal (City of) | 1.18% |
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