Silverdale Fixed Maturity Fund 2023
A diversified portfolio of primarily investment grade short duration US dollar bonds, actively managed for enhanced returns, using ring-fenced leverage.
OVERVIEW; [THE FUND MATURED ON 24 NOVEMBER 2023]
Investment Objective
To generate superior return that is more predictable and unhindered by the constraints of a traditional bond benchmark, while enhancing investor return by using leverage. The fund is managed for fixed maturity around 24 November 2023
Key Advantage
- Attractive leveraged yield of circa 7% p.a.**
- Fixed term of circa 3 years**
- Internally financed to enhance investor returns
- Capitalizing on Silverdale Fund House capability of delivering superior risk-adjusted returns
Relative Return Matrix
For the period 28 September 2020 - 24 November 2023
| Fund / Indices | Returns (Absolute) |
Returns (Annualized) |
||||||||||||||||
| Silverdale Fixed Maturity Fund 2023 | 23.70% | 7.00% | ||||||||||||||||
| 3-year US Treasury | 0.45% | 0.14% | ||||||||||||||||
| Bloomberg US Corporate High Yield Index | 8.24% | 2.54% | ||||||||||||||||
| Bloomberg US Corporate Investment Grade Index | (11.89%) | (3.93%) | ||||||||||||||||
| Bloomberg Global Aggregate Index | (17.03%) | (5.74%) | ||||||||||||||||
For Silverdale Fund, annualized return is based on XIRR while for indices it is annualization of total return of the index during the said period.
Fund Information
| Fund | Silverdale Fixed Maturity Fund 2023 |
| ACRA Registration No | T20VC0123D-SF003 |
| Umbrella Fund | Silverdale Fund VCC |
| Domicile | Singapore |
| Fund Currency | USD |
| Launch Date | 28 September 2020 |
| Maturity Date | 24 November 2023 |
| NAV Frequency | Monthly (Friday)* |
| Subscription / Redemption | Closed |
| Dividend Paid | US$ 11.00 per share |
| Dividend Frequency | Half-yearly |
| Last Dividend Date | 30 June 2023 |
Footnotes
(*) Assuming to be a Business Day
(**) At inception
Historical Communiques
To view the previous communiques, click here.