Fund Rationale: United SGD Fund

United SGD Fund
SGD Retail Accumulation Shares (ISIN: SG9999001382)
Fund Manager Page

Endowus has selected the Fund for its diversified portfolio of money market and short-term interest-bearing debt instruments and bank deposits, and its ability to constantly generate enhanced yet stable and lower risk returns

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Key Information

Fund Objective: Seeks to achieve a yield enhancement over Singapore dollar deposits by investing substantially all its assets in money market and short-term interest bearing debt instruments and bank deposits.

Suitability: Investors who seek to achieve a yield enhancement over SGD deposits, and are comfortable with the volatility and risks of a bond fund which invests in money market and short-term interest bearing instruments.

Cost: 

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* Total Fund-level Fees include fund management fee of 0.63%.

** Endowus does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception: 19 June 1998

Share Class Inception: 19 June 1998
Benchmark: 6-Month Singapore Interbank Bid Rate (Endowus typically uses the Bloomberg Barclays Global Aggregate fixed income index as a representative index to benchmark performance over the long term.)  

Fund AUM: SGD 2.78bn

Source: MorningStar as of 12 January 2021. Please refer to the FMC page for the most updated AUM.

Regional Allocation:

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Sector Allocation:

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Source: MorningStar as of 30 April 2021. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown. 

Selection Criteria

Endowus has selected the United SGD Fund for its diversified portfolio of money market and short-term interest-bearing debt instruments, and its ability to constantly generate enhanced yet stable and lower risk returns over the long term. We think that the Fund can act as a buffer against market stability, as it features a lower drawdown compared to peer asset classes during market instability.

United SGD Fund also has one of the longest track records among short duration fixed income funds in Singapore. Including being in the CPFIS included fund list, with a track record that spans 22 years since its launch in June 1998.

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Updated by Endowus: June 2021

** Disclaimer
Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Any opinions expressed reflect a judgment at the original date of publication by us and are subject to change without notice.

The prospectus, profile statement, product highlight sheet, fund factsheet or other offer or product documents may contain references about the expected risk tolerance of their target investors. These are in no way indicative of how we at Endowus have assessed your risk tolerance based on your stated objectives and financial situation. Endowus accepts no responsibility for investment decisions made in response to the expected risk tolerance levels mentioned in the product or offer documents.