IE00BF20L549

Dimensional Global Short Fixed Income Fund SGD-Hedged(IE00BF20L549)

Fixed income
Investment grade
Developed markets
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to maximise current income while preserving capital by exposing itself to high quality, fixed or floating rate investment grade short-term instruments issued by governmental, quasi-governmental and corporate issuers predominately in dev...

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Our perspective

Why we think this fund is best-in-class

Product

Provides low-cost exposure to over 300 short-term government and investment-grade corporate bonds in developed markets via a systematic and factor-based approach. Has a maximum duration of five years.

People

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.

Performance

Expected to exhibit some tracking error relative to its benchmark, FTSE World Government Bond 1-5 Years Index. Target 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.

Process

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.

Cost

Access to the Institutional share class with no trailer fees to achieve the lowest possible fees

How it fits in a portfolio

Investors looking for low cost exposure to the short duration and high quality fixed income market could find the Fund attractive. It maintains a duration of no more than 5 years and only invests in bonds with a credit quality of A and above. 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.

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Performance

Returns

NAV

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

Total returns

Cumulative

Annualised

All Time

6.04%

YTD

-0.52%

1 month

-1.39%

6 month

-0.42%

1 year

0.66%

3 year

7.49%

5 year

0.28%

As of Mar 2026

Distributions

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

Yield

4.49%As of Feb 2026

Risk metrics

Max drawdown

-9.35%As of Mar 2026

Volatility

1.87%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.4%	0.5%	-1.4%	-	-	-	-	-	-	-	-	-
2025	2.0%	0.3%	0.2%	0.2%	0.1%	0.2%	0.2%	0.1%	0.2%	0.1%	0.2%	0.0%	-0.1%
2024	3.5%	0.3%	0.3%	0.3%	0.3%	0.3%	0.2%	0.3%	0.3%	0.3%	0.2%	0.2%	0.2%
2023	3.5%	0.7%	-0.4%	0.8%	0.3%	0.1%	0.1%	0.4%	0.4%	0.2%	0.2%	0.4%	0.3%
2022	-6.8%	-1.4%	-0.6%	-2.6%	-1.3%	0.6%	-0.9%	1.1%	-1.4%	-1.3%	0.1%	0.7%	0.1%
Load more		5 of 10

Top Exposures

Holdings

Regions

Sectors

BNG Bank N.V.	3.16%
European Investment Bank	2.91%
European Financial Stability Facility (EFSF)	2.91%
European Union	2.84%
New Zealand (Government Of)	2.80%
Ontario (Province Of)	2.79%
Alberta (Province Of)	2.78%
Quebec (Province Of)	2.78%
Kreditanstalt Fuer Wiederaufbau	2.77%
National Australia Bank Ltd.	2.73%
CPPIB Capital Inc	2.52%
Nederlandse Waterschapsbank N.V.	2.26%
Westpac Banking Corp.	2.25%
Hessen (Land)	2.19%
Belgium (Kingdom Of)	2.09%

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

0.25% p.a.

Fund facts

ISIN

IE00BF20L549

Fund house

Dimensional

Fund size

S$6.3B

As of 17 Apr 2026

Fund inception date

25 Jul 2017

Fund class currency

SGD

Fund share class

SGD

Oldest share class ISIN

IE0031719473

Oldest share inception date

25 Jan 2007

Pricing frequency

Daily

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