
The AMOVA ASIA CREDIT INDEX ETF investment objective is to track, as closely as possible, before fees and expenses, the total returns of the Bloomberg Asia Ex-Japan USD Credit Index (the “Index”).
The Sub-Fund will seek to achieve its objective through either a Representative Sampling Strategy or an Optimisation Strategy. Under these strategies, the Manager may invest in a representative selection of Index Securities, or securities with a high correlation to the Index and similar characteristics such as yield and duration. The Manager may also invest in non-Index Securities where appropriate. As it may be impractical to replicate the Index exactly, the Manager may use various investment techniques to minimise tracking error and may buy or sell securities in anticipation of their addition to or removal from the Index.
Key ETF Information
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Index |
Bloomberg Asia Ex-Japan USD Credit Index |
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Dividend Distribution |
Semi-annually |
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Investment Objective |
The Sub-Fund will seek to achieve its objective through either a Representative Sampling Strategy or an Optimisation Strategy. Under these strategies, the Manager may invest in a representative selection of Index Securities, or securities with a high correlation to the Index and similar characteristics such as yield and duration. The Manager may also invest in non-Index Securities where appropriate. |
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Top 10 Largest Constituents (As of 3 Aug 2026) |
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Manager / Trustee |
Manager: Amova Asset Management Asia Limited Trustee: DBS Trustee Limited |
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Fees and Charges Payable by the Sub-Fund |
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Management Fee |
Currently 0.20% per annum of the NAV of the Fund. Maximum 1% per annum of the NAV of the Fund.
The Manager’s fee is retained by the Manager as the Manager does not pay any trailer fees with respect to the Fund. |
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Custodian Fee and Fund Administration Fee |
0.03% per annum of the Sub-Fund Asset, subject to a minimum of up to SGD 36,000 per annum depending on the size of the Sub-Fund Asset. |
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Other Fees and Charges |
i) Subscription fee or preliminary charge - Nil ii) Realisation fee - Nil iii) Other fees and charges may amount to or exceed 0.10% per annum, depending on the proportion that each fee or charge bears to the Sub-Fund Asset.
The Company intends to cap the total expense ratio of the Sub-Fund at 0.35% per annum of the Sub-Fund Asset.
Any fees and expenses that are payable by the Sub-Fund in excess of 0.35% per annum of the Sub-Fund Asset will be borne by the Manager and not the Sub-Fund. |
ETF Listing and Trading Information
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Listing Date |
1 October 2026 |
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Board Lot Size |
1 share |
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SGX Trading Name & Stock Code |
USD Share Class: Amova AsiaCredit USD (B96) SGD-Hedged Share Class: Amova AsiaCredit SGD-H (B95) |
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Traded Currency |
USD Share Class: United States dollars (USD) SGD-Hedged Share Class: Singapore dollars (SGD) |
Application Information
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IOP Open Date |
9 September 2026, 9:00 am |
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IOP Application using Cash Close Date |
23 September 2026 at 11:00 am |
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IOP Application using Auto-Sweep Close Date |
23 September 2026 at 9:30 am |
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Minimum Application Size |
1,000 units and in multiples of 1,000 units |
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Subscription Price |
USD 1.0000[1] per unit for USD Share Class SGD 1.0000[2] per unit for SGD-Hedged Share Class |
How to Buy
1. Clients to fund their Multi-Currency Cash Account for the total subscription amount including the processing fees and GST of 9%.
2. Login to FSM Global and proceed to subscribe online:
· Select Transact > Stocks & ETFs > IPOs/Placements
· Indicate your quantity of shares and select the payment method
· Read and acknowledge the declaration
· Key in password and click submit
3. Upon the completion of the IOP subscription, clients will receive an acknowledgment email regarding the IOP subscription order.
4. Upon the completion of the allocation, we will notify clients of the final allocation results.
5. FSM Global will send clients a subscription confirmation email once the details are confirmed by our dealers.
6. The allotment for this issue will be in full, subject to receipt and clearance of subscription monies. There will be no balloting.
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Click Here to Go to the Prospectus and Product Highlight Sheet
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Other important notes:
· IOP subscription fee: 0.08% + GST on the subscription amount
· Only personal accounts can apply for the subscription
· Please note that after confirming your order placement (with the investment amount in Cash Account), your subscription / application cannot be cancelled.
Terms and Conditions:
1. This offering is open from 9 September 2026 to 23 September 2026. To be eligible, orders must be placed before 11:00am on 23 September 2026 for Cash Account subscription. To subscribe for the ETF IOP using monies in the Auto-Sweep Account, orders must be placed before 9:30am on 23 September 2026.
2. The subscription must meet the minimum investment amount as set out above.
3. CPFIS-OA, CPFIS-SA, SRS and RSP transactions are not eligible.
4. FSM Global reserves the right to amend the Terms and Conditions without prior notification. All matters and disputes will be subject to the final decision of the company.
If you have any questions, please contact our client service hotline at +65 6557 2853.[1] The Issue Price of each Unit during the Initial Offer Period is US$1.0000 for USD Share Class (or such other amount as may be determined by Manager from time to time with the prior approval of the Trustee).
[2] The Issue Price of each Unit during the Initial Offer Period is S$1.0000 SGD-Hedged Share Class (or such other amount as may be determined by Manager from time to time with the prior approval of the Trustee).

