YOUR GOALS,OUR COMMITMENT.

ABF Singapore Bond Index Fund
July 2024 Factsheet

Investment Objective

Fund Details

The Fund is an index fund which seeks investment results that correspond closely
to the total return of the iBoxx ABF Singapore Index before fees and expenses.

Base
Currency

SGD

The iBoxx ABF Singapore Index is an indicator of investment returns of debt
obligations denominated in Singapore dollars issued or guaranteed by thegovernment of Singapore or any government of People's Republic of China, Hong
Kong SAR, Indonesia, Korea, Malaysia, Philippines or Thailand (collectively, the"Asian Governments"), by an agency or instrumentality of the Singapore
government (or any other Asian Government), by a Singapore government (or any
other Asian Government) sponsored entity or a quasi-Singapore government (orany other Asian Government) entity and Singapore dollar denominated debt
obligations issued by supranational financial institutions.

Fund Size

SGD 1,020.10 million

Total Units

959,479,800

Initial Sales
ChargeNil

Realisation
ChargeNil

ManagementFee

0.15% p.a.

Performance (%)

Trustee Fee

Up to 0.045% p.a.

BenchmarkiBoxx ABF Singapore
Index total return series

3M

6M

1Y

3Y

5Y

Since
Inception

NAV-NAV

4.53

1.64

3.91

-1.45

0.65

2.10

Dealing
Frequency

Daily

Benchmark

4.67

1.73

3.98

-1.21

0.96

2.39

Price Quote

www.nikkoam.com.sg/
etf/abf

Distribution
Frequency1

Semi-annually

Financial
Year End

30-JunMarketProfessionals

In-kind subscription/
redemption is available

Trustee

HSBC Institutional Trust
Services (Singapore)
LimitedStock
Exchange

Singapore Exchange
Securities Trading
LimitedSubscription
andRedemption

Minimum 1 unit via
SGX-ST (Cash, SRS or
CPFIS-OA#) or minimum
50,000 units via
participating dealers(usual fees and charges
apply)

Share Class
SGD

Rolling Returns (%)
31/07/2023 31/07/2022 31/07/2021 31/07/2020 31/07/2019
31/07/2024 31/07/2023 31/07/2022 31/07/2021 31/07/2020

NAV-NAV

3.91

1.47

-9.22

-2.78

11.02

Benchmark

3.98

1.79

-8.91

-2.28

11.30

SGD

Source: Nikko Asset Management Asia Limited as of 31 July 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 are
annualised. Past performance is not indicative of future performance.
#The Fund is included under the CPF Investment Scheme (“CPFIS”) – Ordinary
Account and is classified under the Low to Medium Risk – Narrowly FocusedCountry – Singapore category.
1 Distributions are not guaranteed and are at the absolute discretion of theManager. Any distribution is expected to result in an immediate reduction ofFund’s NAV. Distributions will only be paid to the extent that they are available for
distribution pursuant to the Trust Deed and covered by income received from theunderlying investments of the Fund.

1

ABF SINGAPORE BOND INDEX FUND

Fund Holdings
Top 10 Holdings
GOVERNMENT OF SINGAPORE 2.125% 01-JUN-2026
GOVERNMENT OF SINGAPORE 3.5% 01-MAR-2027
GOVERNMENT OF SINGAPORE 1.25% 01-NOV-2026
GOVERNMENT OF SINGAPORE 3.375% 01-SEP-2033
GOVERNMENT OF SINGAPORE 2.75% 01-MAR-2046
GOVERNMENT OF SINGAPORE 2.875% 01-SEP-2030
GOVERNMENT OF SINGAPORE 2.25% 01-AUG-2036
GOVERNMENT OF SINGAPORE 0.5% 01-NOV-2025
GOVERNMENT OF SINGAPORE 2.625% 01-MAY-2028
GOVERNMENT OF SINGAPORE 2.875% 01-JUL-2029

Weight
6.1%
5.8%
5.5%
5.4%
5.1%
5.0%
4.8%
4.6%
4.4%
4.0%

Issuer Allocation
Government Of Singapore

81.0%Singapore Housing & Development Board

12.1%

Land Transport Authority Of Singapore

4.9%

Temasek Financial

1.5%

Sp Powerassets Limited

0.3%

Cash and/or Derivatives

0.1%
0%

20%

40%

60%

80%

100%

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

Fund Characteristics

Fund
Benchmark

3-Years
Weighted Average Weighted Average
Annualised
Yield to Maturity2
Duration3
Tracking Error(%)(%)(years)
0.14
2.98
8.18
2.97
8.22

Average Credit
Rating4
AAA-

Fund Information
Listing Date

NAV

ISIN

Bloomberg Ticker

Trading Name

SGX Stock Code

31 August 2005

SGD 1.0632

SG1S08926457

SBIF SPABF SG BOND ETF

A35

Source: Nikko Asset Management Asia Limited as of 31 July 2024.
2 Weighted Average Yield to Maturity (%) is an average yield calculated by weighting each security presently held by the Fund attime of calculation with capitalisation and duration. Yield to Maturity and Yield to Call measures are used in the calculation for
non-callable and callable bonds respectively. The figure is for reference only and would vary from time to time due to market
conditions and it does not represent the fund/sub-fund’s distribution yield or actual rate of return.
3 Weighted Average Duration (years) is an average duration weighted with capitalisation, and the figure is for reference only andwould vary from time to time due to market conditions.
4 Cash is included in the calculation of the average credit rating and is rated as AAA regardless of currencies held. The credit

ratings of the underlying fixed income securities are determined by S&P and/or Moody’s, and where official credit ratings areunavailable, Nikko AM Asia’s internal credit ratings are used.
YOUR GOALS, OUR COMMITMENT.

2

ABF SINGAPORE BOND INDEX FUND

Important Information
This document constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (as amended)(FSMA) and the rules of the Financial Conduct Authority (the FCA) in the United Kingdom (the FCA Rules). This document iscommunicated by Nikko Asset Management Europe Ltd (Nikko AME), which is authorised and regulated in the United Kingdom
by the FCA. It is directed only at (a) investment professionals falling within article 19 of the Financial Services and Markets Act
2000 (Financial Promotions) Order 2005, (as amended) (the Order) (b) certain high net worth entities within the meaning of article
49 of the Order and (c) persons to whom this document may otherwise lawfully be communicated (all such persons beingreferred to as relevant persons) and is only available to such persons and any investment activity to which it relates will only beengaged in with such persons. Any person in receipt of this document who is not a relevant person should not retain, rely or act
upon this document, and should promptly return this document to Nikko AME at the address indicated below. This document isfor distribution only under such circumstances as may be permitted by applicable law. This document does not constituteinvestment advice or a personal recommendation and it does not consider in any way the suitability or appropriateness of thesubject matter for the individual circumstances of any recipient. In providing a person with this document, Nikko AME is nottreating that person as a client for the purposes of the FCA Rules other than those relating to financial promotion and that person
will not therefore benefit from any protections that would be available to such clients. This document is for information purposes
only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any investments. The information and opinions inthis document have been derived from or reached from sources believed in good faith to be reliable but have not been
independently verified. Nikko AME makes no guarantee, representation or warranty, express or implied, and accepts no
responsibility or liability for the accuracy or completeness, of this document. No reliance should be placed on any assumptions,forecasts, projections, estimates or prospects contained within this document. This document should not be regarded byrecipients as a substitute for the exercise of their own judgement. Opinions stated in this document may change without notice.
Nikko AME and its associates and/or its or their officers, directors or employees may have or have had positions or materialinterests, may at any time make purchases and/or sales as principal or agent, may provide or have provided corporate financeservices to issuers or may provide or have provided significant advice or investment services in any investments referred to in thisdocument or in related investments. Relevant confidential information, if any, known within any company in the Nikko AM groupor Sumitomo Mitsui Trust Bank group and not available to Nikko AME because of regulations or internal procedure is notreflected in this document. The investments mentioned in this document may not be eligible for sale in some states or countries,
and they may not be suitable for all types of investors. Past performance is no guide to future returns and the value ofinvestments can fall as well as rise. Nikko AME accepts no liability whatsoever for any loss or damage of any kind arising out of theuse of all or any part of this document, provided that nothing herein excludes or restricts any liability of Nikko AME under FSMA
or the FCA Rules.
Nikko Asset Management Asia Limited which is incorporated in Singapore is the non-EU alternative investment fund manager(AIFM) of the ABF Singapore Bond Index Fund for purposes of the EU Alternative Investment Fund Managers Directive (AIFMD).
Disclosures to investors required under Article 23 of the AIFMD are available from Nikko AME in London, UK which acts as Nikko
Asset Management Co, Ltd.’s agent in the UK in relation to the marketing of this fund.
Notice to investors in the UK
The Fund promoted herein is a Unit Trust ETF domiciled in Singapore where it is managed by Nikko Asset Management Asia
Limited. The Fund is not a recognised collective investment scheme for the purposes of the Financial Services and Markets Act
2000 of the United Kingdom (the “Act”). The promotion of the Fund and the distribution of this material in the United Kingdom is
accordingly restricted by law. This material is being issued inside the United Kingdom by Nikko AME only to and/or is directed
only at persons who are professional clients or eligible counterparties for the purposes of the FCA’s Conduct of Business
Sourcebook. This material is exempt from the scheme promotion restriction (in Section 238 of the Act) on the communication ofinvitations or inducements to participate in unrecognised collective investment schemes on the grounds that it is being issued toand/or directed at only the types of person referred to above. To the extent that this material is issued by Nikko AME the Shares
are only available to such persons and this material must not be relied or acted upon by any other persons. This document may
not be distributed without authorisation from Nikko AME.
Neither Markit, its Affiliates or any third party data provider makes any warranty, express or implied, as to the accuracy,completeness or timeliness of the data contained herewith nor as to the results to be obtained by recipients of the data. Neither
Markit, its Affiliates nor any data provider shall in any way be liable to any recipient of the data for any inaccuracies, errors oromissions in the Markit data, regardless of cause, or for any damages (whether direct or indirect) resulting therefrom.
Markit has no obligation to update, modify or amend the data or to otherwise notify a recipient thereof in the event that any
matter stated herein changes or subsequently becomes inaccurate.
Without limiting the foregoing, Markit, its Affiliates, or any third party data provider shall have no liability whatsoever to you,whether in contract (including under an indemnity), in tort (including negligence), under a warranty, under statute or otherwise,in respect of any loss or damage suffered by you as a result of or in connection with any opinions, recommendations, forecasts,
judgments, or any other conclusions, or any course of action determined, by you or any third party, whether or not based on thecontent, information or materials contained herein.

YOUR GOALS, OUR COMMITMENT.

3

ABF SINGAPORE BOND INDEX FUND

Important Information
Key Risks
You should be aware that the price of Units can go down as well as up. The value of the Fund and its distributions (if any) may rise or
fall. The following are key risk factors that may cause you to lose some or all of your investment:
Market and Credit Risks• Units may trade at prices other than NAV
o The secondary market price of Units may sometimes trade above or below the NAV per Unit. This deviation isdependent on various factors and will be accentuated when there is a large imbalance between market supply
and demand for Units. There is a risk that you may not be able to buy or sell at a price close to the NAV per Unit.
• You are exposed to market risk in Asiao The Fund’s NAV and trading prices will react to securities markets movements. You may lose money overshort periods due to fluctuation in the Fund’s NAV and trading price in response to market movements,and over longer periods during market downturns.
Liquidity Risks• You are exposed to liquidity risko The price at which portfolio securities may be purchased or sold by the Fund upon any rebalancing activities orotherwise and the value of the Units will be adversely affected if trading markets for the Fund’s portfolio securities
are limited or absent or if bid-offer spreads are wide.
• You should be aware there is a minimum creation and redemption sizeo Units will only be issued or redeemed in-kind in Creation Unit aggregations (currently 20,000,000 Units,
and multiples thereof). Currently, Units will only be issued and redeemed for cash through Participating Dealers
at a minimum of 50,000 Units on a Cash Dealing Day.
If you do not hold such minimum redemption number of Units (which is currently 50,000 Units), you may only
be able to realise the value of your Units by selling your Units on the SGX-ST at the prevailing trading price.
o However, do note that Participating Dealers are under no obligation to redeem your Units.
• Trading in Units on SGX-ST may be suspended or even delisted
o You will not be able to purchase or sell Units on the SGX-ST during any period that the SGX-ST suspends
trading in the Units. The SGX-ST may suspend the trading of Units whenever the SGX-ST determines that
it is appropriate in the interests of a fair and orderly market to protect investors.
The creation and redemption of Creation Units may also be suspended if the trading of Units on the SGX-ST
is suspended.
o The Fund may not be able to continue to meet the requirements necessary to maintain listing of Unitson the SGX-ST. The Fund may be terminated if Units are delisted from the SGX-ST.
Product Specific Risks• You are exposed to tracking error risko Changes in the NAV of the Fund are unlikely to replicate exactly changes in the Index due to various factors.
The Fund’s returns may therefore deviate from those of the Index.
• Risk associated with the investment strategy of the Fund/Lack of discretion by Manager to adapt to market
o Unlike many conventional unit trusts, the Fund is not “actively managed”. Therefore, the Fund will not adjust
the composition of its portfolio except in order to seek to closely correspond to the duration and total returnof the Index. The Fund does not try to “beat” the market it tracks and does not seek temporary defensive positions
when markets decline or is judged to be overvalued. Accordingly, a fall in the Index may result in a corresponding
fall in the NAV of the Fund.
• You are exposed to emerging market risko The Fund may invest in securities issued by certain Asian Governments whose economies are considered to be
emerging markets which are subject to special risks associated with foreign investment in such markets.
You should be aware that your investment in the Fund may be exposed to other risks of an exceptional nature from time to time.
Nikko Asset Management Asia Limited. Registration Number 198202562H

Nikko Asset Management Asia Limited. Registration Number 198202562H

YOUR GOALS, OUR COMMITMENT.

4