SG9999002414

LionGlobal Singapore Trust Fund

  • Equities
  • Singapore
  • USD Cash
  • Accumulating
Invest with
USD cash
Payout type
Accumulating
Risk rating
6
About this fund
Description
The Fund aims to achieve long-term capital appreciation by investing primarily in securities of companies incorporated in, operating principally from, or deriving significant business presence or risk exposure from, Singapore. The investments of the ...
Key information
Annual report
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Product Highlight Sheet
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Prospectus
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Factsheet
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Our perspective
Why we think this fund is best-in-class
Product
The Fund, with over SGD 1 billion in fund size, invests in companies that are incorporated in Singapore, operate primarily in Singapore, or derive significant business exposure from the country. The portfolio is diversified across sectors and market capitalisations. The Singapore strategy has one of the longest track records among Singapore-focused equity strategies and has consistently maintained meaningful exposure to small and mid-cap (“SMID”) since 2014 which provides a differentiated exposure relative to benchmark-oriented strategies and access to a segment of the market that is often underrepresented.
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People
Founded in 1986, Lion Global Investors (“LGI”) is one of the leading asset managers in Singapore, overseeing more than SGD 70 billion in assets. The firm has deep expertise in Singapore investing, overseeing over SGD 30 billion across a broad range of Singapore-focused strategies including equities, balanced portfolios, REITs, fixed income, liquidity funds, ETFs and segregated mandates. The Fund is managed by two portfolio managers (“PMs”), Erica and Kenneth, who have a combined 40+ years of experience in Asian equities and have managed Singapore equity strategy together since 2014. Both PMs are supported by four Asia ex-Japan equity analysts, with the analysts mainly covering STI constituents while the PMs focus on non-STI constituents, particularly within the SMID.
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Performance
The fund aims to generate long term capital appreciation by outperforming the FTSE Straits Times All-Share Total Return Index. Since inception, the fund has outperformed its reference benchmark* on an annualised net-of-fee basis. (*On 2 March 2026, the benchmark was changed from MSCI Singapore Index to FTSE Straits Times All-Share Index.) The team’s stock selection capabilities have been a key driver of returns, with ~70% of the fund’s historical outperformance attributable to investment in SMID.
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Process
Constructs a well-diversified portfolio of 90-120 Singapore equities, with ~30-40% allocated to SMID. The investment process follows six key steps: defining the investment universe, idea generation, fundamental research, stock evaluation, portfolio construction, and risk management. When assessing investment opportunities, the team focuses on four pillars—business quality, management, valuation, and catalysts. Investment ideas are then reviewed through weekly team meetings and smaller group discussions before being added to the approved investment list.
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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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How it fits in a portfolio
Suitable for investors seeking long-term capital appreciation through a diversified portfolio of Singapore equities, the Fund can serve as a core allocation within a Singapore equity portfolio or as a satellite position within a broader diversified portfolio. The strategy also complements passive STI-tracking funds by providing active exposure to a wider opportunity set, particularly within SMID. Investors should remain mindful that the Fund is a single-country equity strategy and will likely experience periods of heightened volatility and make sure their portfolio remains geographically diversified in most cases. The fund is focused on a single country, Singapore and has notable exposure to the Financials and Industrial sectors, which may involve specific country-related and sector-related risks.
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Compare funds
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Daily data. Returns as of 15 Jul 2026.
Total returns
All Time
629.98%
YTD
13.43%
1 month
3.10%
6 month
10.94%
1 year
35.74%
3 year
126.09%
5 year
111.71%
10 year
215.16%
Daily data, as of 15 Jul 2026.
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-64.34%
Volatility
17.91%
Daily data, as of 15 Jul 2026.
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-4.0%3.7%-4.9%7.1%1.9%-4.2%------
202547.1%4.0%1.6%2.2%0.5%5.8%3.2%4.9%10.6%0.9%2.6%-0.8%4.1%
202436.5%-5.3%0.3%4.6%5.6%3.4%1.1%5.5%4.7%9.1%-2.9%7.9%-1.4%
20234.6%7.2%-5.3%5.1%-1.0%-6.8%1.6%9.5%-7.1%-0.6%-5.2%1.6%7.3%
2022-11.4%-1.1%-1.3%1.5%-7.4%-2.8%-7.2%5.1%-0.8%-5.9%0.1%10.6%-1.5%
Top Exposures
DBS Group Holdings Ltd19.52%
Oversea-Chinese Banking Corp Ltd11.44%
United Overseas Bank Ltd8.03%
Singapore Telecommunications Ltd5.68%
Jardine Matheson Holdings Ltd5.15%
Singapore Exchange Ltd2.55%
Food Empire Holdings Ltd2.12%
Keppel Ltd2.09%
iFAST Corp Ltd Shs Reg S2.04%
Ultragreen Ai Ltd Ordinary Shares1.99%
SATS Ltd1.99%
UOL Group Ltd1.72%
Wilmar International Ltd1.71%
Seatrium Ltd1.68%
Singapore Technologies Engineering Ltd1.67%
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
1.39%0.77% p.a.
Save 44%
Fund facts
ISIN
SG9999002414
Fund house
Lion Global Investors Ltd
Fund size
US$1.1B
As of 30 Jun 2026
Fund inception date
02 Aug 2004
Fund class currency
USD
Fund share class
USD
Oldest share class ISIN
SG9999002406
Oldest share inception date
03 Mar 1989
Pricing frequency
Daily

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