NIKKO AM SHENTON EMERGING ENTERPRISE DISCOVERY FUND
April 2024 Factsheet

Investment Objective

Fund Details

The investment objective of the Fund is to achieve medium to long term capital
appreciation. The Fund invests primarily in the listed equities of small tomedium-sized companies in Asia ex Japan, which in theopinion areundervalued. Small and medium-sized companies shall mean companies which
are included in a market index for small and medium-sized companies, orcompanies that have a comparable market capitalisation. The Fund invests indeveloped markets and may also invest in emerging markets. The Fund does not
focus on any particular industrial sector and no investments shall be made which
would result in more than 25% of its net assets being invested in corporations,bodies or issuers with a market capitalisation of US$5 billion or above.

Performance (%)

Share Class

SGD

NAV-NAVNAV-NAV(withcharges¹)
Benchmark^Base Currency

SGD

Fund Size

SGD 28.77 million

Initial SalesChargeManagement
Fee*
Benchmark^Up to 5.00%

Subscription

Cash, SRS, Regular
Savings Plan (RSP)

Minimum Initial
Investment

SGD 1,000MinimumSubsequent
Investment

SGD 100

1.50% p.a.
MSCI Asia ex-Japan
Small Cap Index (NetTotal Return)

3M
9.60

6M
15.69

1Y
20.81

3Y-1.14Since
5Y Inception
13.51
6.20

4.12

9.90

14.77

-2.82

12.35

5.99

Minimum Initial
Investment - RSP

SGD 1,000

8.01

17.18

22.53

2.22

8.60

4.69

Minimum
Subsequent
Investment - RSP

SGD 100/month

Source: Nikko Asset Management Asia Limited as of 30 April 2024.
Returns are calculated on a NAV-NAV basis and assuming all dividends anddistributions are reinvested, if any. Returns for period in excess of 1 year areannualised. Past performance is not indicative of future performance.
1 Takes into account of maximum initial sales charge and a realisation charge,currently nil, as and where applicable.
^ With effect from 1 October 2012, the benchmark was changed from MSCI World
Small Cap Index to MSCI AC Asia ex Japan Small Cap Index. Prior to 1 May 2017, theperformance returns of the benchmark is calculated using price index
methodology. With effect from 1 May 2017, it is calculated using net total returnindex methodology.
* With effect from 1 Oct 2012, the Nikko AM Shenton Global Advantage Fund has
been renamed Nikko AM Shenton Emerging Enterprise Discovery Fund and themanagement fee charged per annum has been reduced from 1.75% to 1.50%.

www.nikkoam.com.sg1NIKKO AM SHENTON EMERGING ENTERPRISE DISCOVERY FUND

Fund Holdings
Top 5 Holdings
IFAMILYSC CO., LTD.
DR.WU SKINCARE CO., LTD.
CLIO COSMETICS CO., LTD
PB FINTECH LIMITEDSPORTON INTERNATIONAL INC.

Weight
2.2%
2.0%
2.0%
1.8%
1.7%

Sector Allocation

Country Allocation

Information Technology

20.9%

Consumer Discretionary

20.2%

Industrials

15.9%Consumer Staples

13.6%

Health Care

10.6%

Energy29.0%

Taiwan27.0%

South Korea

24.2%

China

8.0%

Indonesia

2.3%

Singapore

1.6%

Others

3.6%

Cash and/or Derivatives

4.4%

3.7%

Others

India

10.6%

Cash and/or Derivatives

4.4%
0%

50%

0% 20% 40% 60% 80% 100%

100%

Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Fund Characteristics
Number ofHoldings
90

Share ClassSGD

Sharpe Ratio(3 years - Annualised)-0.27Standard Deviation (%)(3 years - Annualised)
13.10

Fund Information
Share Class
SGDInception Date
13 March 1998

NAV
SGD 4.499

ISIN
SG9999004311

Bloomberg Ticker
DBSSGAI SP

Source: Nikko Asset Management Asia Limited as of 30 April 2024.

www.nikkoam.com.sg

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NIKKO AM SHENTON EMERGING ENTERPRISE DISCOVERY FUND

Important Information
This document is purely for informational purposes only with no consideration given to the specific investment objective,
financial situation and particular needs of any specific person. It should not be relied upon as financial advice. Any securities
mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. You
should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you
should consider whether the investment selected is suitable for you. Investments in funds are not deposits in, obligations of,or guaranteed or insured by Nikko Asset Management Asia LimitedAM.
Past performance or any prediction, projection or forecast is not indicative of future performance. The Fund or any
underlying fund may use or invest in financial derivative instruments. The value of units and income from them may fall orrise. Investments in the Fund are subject to investment risks, including the possible loss of principal amount invested. You should
read the relevant prospectus (including the risk warnings) and product highlights sheet of the Fund, which are available and may
be obtained from appointed distributors of Nikko AM Asia or our website (www.nikkoam.com.sg) before deciding whether toinvest in the Fund.
The information contained herein may not be copied, reproduced or redistributed without the express consent of Nikko AM Asia.
While reasonable care has been taken to ensure the accuracy of the information as at the date of publication, Nikko AM Asia does
not give any warranty or representation, either express or implied, and expressly disclaims liability for any errors or omissions.
Information may be subject to change without notice. Nikko AM Asia accepts no liability for any loss, indirect or consequential
damages, arising from any use of or reliance on this document. This advertisement has not been reviewed by the Monetary
Authority of Singapore.

For Hong Kong Investors
The Fund is only offered to professional investors and is not authorized by the Securities and Futures Commission in Hong Kong.
The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise
caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain
independent professional advice.
Benchmark Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI
data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by theuse thereof), and all such parties hereby expressly disclaim all merchantability or fitness for a particular purpose with respect toany of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in orrelated to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or
any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution ordissemination of the MSCI data is permitted without MSCI's express written consent.
Morningstar Rating: © Morningstar 2024. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Past performance is no guarantee of future results.

Nikko Asset Management Asia Limited. Registration Number 198202562H

www.nikkoam.com.sg

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