The Fund seeks to maximise returns over the longer term by investing mainly in bonds of all maturities, denominated in Singapore Dollars (issued by entities incorporated or domiciled globally) and in foreign currencies (issued by entities incorporate...
Invests primarily in SGD-denominated bonds (globally issued) and foreign currency bonds issued by Singapore-domiciled entities, providing targeted exposure to the Singapore fixed income ecosystem. Adopts a high-conviction strategy reflected in a relatively concentrated portfolio of approximately 30-50 holdings, seeking to maximize returns without benchmark constraints.
Managed by Lead Portfolio Manager Joyce Tan, who brings over 27 years of investment experience and a track record of industry awards for astute market insights. The managers leverage UOB Asset Management's broader fixed income capabilities, utilizing a team-based approach for credit analysis and macro strategy execution.
Targets a competitive return over the long term relative to the broader Singapore bond market. Balances its concentrated holdings with sector diversification to reduce idiosyncratic risk, aiming to improve risk-adjusted returns relative to the broader Singapore bond market.
Utilizes a bottom-up selection process that marries qualitative and quantitative factors and incorporates relative valuation analysis to guide final corporate credit selection. Supplements bottom-up picks with a disciplined top-down framework, incorporating macroeconomic analysis to guide duration management, currency overlay, and sector allocation. Intentionally limits holdings to avoid "diworsification," believing that over-diversifying in the smaller Singapore bond market would entail investing in less attractive issues at higher transaction costs.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
Suitable for investors seeking dedicated, active exposure to the Singapore fixed income market. Suitable for investors looking to maximize returns from SGD-centric bonds through a high-conviction, best-ideas approach rather than a passive index-tracking strategy. While diverse within its sector allocation, the fund is geographically concentrated in Singapore/SGD themes; investors should balance this with allocations to global or other regional fixed income funds to manage concentration risk.
Daily data. Returns as of 10 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 0.4% | 0.8% | -2.0% | 2.0% | 0.9% | -0.2% | -1.9% | -0.2% | - | - | - | - |
| 2025 | 8.5% | -0.2% | 0.8% | 0.8% | 1.0% | 0.8% | 2.3% | 1.4% | 2.0% | 0.4% | 0.1% | -0.6% | -0.5% |
| 2024 | 3.8% | -0.5% | -0.7% | 0.2% | -1.9% | 1.4% | 1.2% | 1.8% | 1.1% | 1.7% | -0.5% | 0.4% | -0.3% |
| 2023 | 3.5% | 0.4% | -1.1% | 0.8% | 1.5% | 0.4% | -0.6% | -0.2% | -1.4% | -0.6% | 0.0% | 2.1% | 2.2% |
| 2022 | -5.4% | -0.2% | -0.7% | -2.8% | -1.5% | -0.4% | -1.5% | 1.4% | -0.7% | -2.3% | -0.3% | 2.2% | 1.4% |
| Load more | 5 of 23 | ||||||||||||
| Singapore Government Bonds 09/33 3.375 | 6.90% |
| Singapore Government Bonds 08/36 2.25 | 6.06% |
| Singapore Government Bonds 03/46 2.75 | 5.38% |
| Singapore Government Bonds 04/42 2.75 | 5.18% |
| Singapore Government Bonds 08/32 2.625 | 4.46% |
| Singapore Government Bonds 03/50 1.875 | 4.37% |
| Singapore Government Sr Unsecured Regs 08/72 3 | 4.24% |
| Singapore Government Bonds 07/39 2.375 | 3.41% |
| Capitaland Treasury Ltd Company Guar Regs 08/29 3.15 | 3.08% |
| Metro Holdings Limited Sr Unsecured Regs 04/24 4.3 | 2.88% |
| Suntec Reit Mtn Pte Ltd Company Guar Regs 02/25 3.355 | 2.87% |
| Sembcorp Financial Serv Company Guar Regs 04/29 3.735 | 2.85% |
| Fh Reit Treasury Pte Ltd Company Guar Regs 11/24 3.08 | 2.84% |
| Prime Asset Holdings Ltd Sr Secured Regs 10/24 2.9 | 2.83% |
| Keppel Reit Subordinated Regs Var | 2.80% |

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.