Date of Report and Financial Year:

• Date of Report: 27 September 2024
• Financial Year: Ended 30 June 2024

Key Facts in the Report:

• The fund aims to provide investment returns that correspond closely to the total return of the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index.
• Fund Performance:
  • One-year return: 6.39%
  • Three-year annualized return: 0.34%
  • Five-year annualized return: 1.74%
  • Since inception (27 August 2018): 2.01%
• Net Asset Value (NAV): As of 30 June 2024, the net assets attributable to unitholders amounted to SGD 585,717,289.
• Units in Issue: 613,074,600 units as of 30 June 2024.

Dividends:

• The fund paid distributions to unitholders during the financial year.
  • Final distribution of SGD 0.0161 per unit.
  • Interim distribution of SGD 0.0158 per unit.
  • Total distributions for the financial year: SGD 19,261,936.

Special Activities or Actions to Improve Profitability:

• The fund follows a representative sampling strategy to align its returns closely with the index. It invests primarily in SGD-denominated investment-grade bonds, potentially including non-index securities that meet specific investment criteria.
• There were no specific changes or new strategic initiatives for profitability enhancement detailed in the report.

Recommendations for Investors:

For Current Holders:

• Action: Considering the fund’s consistent dividend payouts and alignment with investment-grade bonds, investors may consider holding their positions if they seek stable income.

For Potential Investors:

• Action: If not currently holding the stock, potential investors looking for a relatively stable, income-generating investment with exposure to SGD-denominated bonds may consider adding this ETF to their portfolio.

Investor Considerations:

• The fund’s performance is linked to SGD-denominated investment-grade bonds, which may appeal to investors with a conservative risk profile seeking income generation.
• The fund’s past performance is not indicative of future results, and investors should consider market volatility, interest rate risk, and other factors before investing.

Disclaimer:

The recommendations provided are based solely on the information contained in the report and do not constitute personalized financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.

This summary aims to present the key points of the financial report and does not encompass all details. Please refer to the full annual report for comprehensive information.