
2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011
- The fund aims to offer investors a regular, fixed-income payout by investing in global short-term and investment-grade corporate and government bonds with a focus on Asia.
- The fund combines bottom-up research that analyses credit quality, security structure and relative valuation and disciplined top-down strategies which include macroeconomic and market analysis to drive returns.
- The fund is benchmark-agnostic, with its performance measured against the 6-month Compounded Singapore Overnight Rate Average (SORA).
- The fund has a natural overweight in Singapore due to the team's strong local knowledge and a constructive outlook on financials, given the sector's inherent fundamentals and attractive risk-adjusted returns. As of 31 March 2026, the fund held a relatively diversified portfolio of securities with an average credit rating of BBB and a duration of 1.56 years.
- Moving forward, the team maintains its preference for defensive sectors with resilient balance sheets, leading market shares and systemic importance. It also favours financials over corporates given their strong fundamentals and attractive valuations.
Fund Investment Style


Source: Bloomberg Finance L.P., iFAST
Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026
|
Recommended fund |
3-year Annualised return |
3-year Maximum drawdown |
3-year Downside Deviation |
3-year Risk-return ratio |
|
3.0% |
-4.4% |
2.1% |
0.22 |
|
|
Peer Average |
3.2% |
-10.3% |
2.6% |
0.26 |
Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026
About the Fund Managers
The fund has been managed by Joyce Tan Mui Ling since 2009. She has 27 years of related experience and is supported by 14 members in the Global Fixed Income team including portfolio managers and credit analysts.
The Singapore-based team aims to achieve consistent performance through the usage of rigorous and independent fundamental research to uncover relative value opportunities. The team also aims to capture the credit risk premium efficiently in a well-diversified portfolio of securities to preserve value, by avoiding defaults and securities that may experience a significant deterioration of credit quality. The team leverages its experience as a leading Asian fixed income manager to source for bonds efficiently either externally or through internal crossing opportunities.

