๐—ฆ๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ๐—ฑ๐—ฎ๐—น๐—ฒ ๐—™๐—ถ๐˜…๐—ฒ๐—ฑ ๐— ๐—ฎ๐˜๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—™๐˜‚๐—ป๐—ฑ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ranked Top 10 in the Fixed Income

๐—ฆ๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ๐—ฑ๐—ฎ๐—น๐—ฒ ๐—™๐—ถ๐˜…๐—ฒ๐—ฑ ๐— ๐—ฎ๐˜๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—™๐˜‚๐—ป๐—ฑ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ranked Top 10 in the Fixed Income

๐—ฆ๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ๐—ฑ๐—ฎ๐—น๐—ฒ ๐—™๐—ถ๐˜…๐—ฒ๐—ฑ ๐— ๐—ฎ๐˜๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—™๐˜‚๐—ป๐—ฑ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ranked Top 10 in the Fixed Income

๐—ฆ๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ๐—ฑ๐—ฎ๐—น๐—ฒ ๐—™๐—ถ๐˜…๐—ฒ๐—ฑ ๐— ๐—ฎ๐˜๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—™๐˜‚๐—ป๐—ฑ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ranked Top 10 in the Fixed Income

๐—ฆ๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ๐—ฑ๐—ฎ๐—น๐—ฒ ๐—™๐—ถ๐˜…๐—ฒ๐—ฑ ๐— ๐—ฎ๐˜๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—™๐˜‚๐—ป๐—ฑ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ranked Top 10 in the Fixed Income

๐Ÿ†  We are delighted to share ๐—ฆ๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ๐—ฑ๐—ฎ๐—น๐—ฒ ๐—™๐—ถ๐˜…๐—ฒ๐—ฑ ๐— ๐—ฎ๐˜๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—™๐˜‚๐—ป๐—ฑ โ€“ ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ has been ranked Top 10 in the Fixed Income โ€“ Long-Only Credit category for April 2026.

This recognition reflects our disciplined investment approach and continued focus on delivering consistent outcomes for investors through carefully constructed fixed-income portfolios.

In today's dynamic markets, Target Return Funds offer investors a more predictable approach to fixed-income investing. By investing in diversified bond portfolios with a defined maturity, investors can lock in attractive yields at inception, while returns are driven by carry and pull-to-par rather than short-term market movements.

At Silverdale Capital Pte Ltd, we remain committed to delivering disciplined fixed-income solutions designed to help investors achieve their long-term objectives.

Thank you to our investors and partners for your continued trust and support.

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ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 200820921K), which is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services Licence. This publication or website content has not been reviewed by the MAS.

All investments carry risk. Historical performance is not necessarily indicative of future returns. Forward-looking statements or projections are not guarantees and may not be realised. Any reliance on the information presented is at the discretion of the reader. Overseas investments may entail additional risks such as currency fluctuations, reduced market liquidity, weaker regulatory protections, and heightened political or economic instability. Fixed income securities may be affected by interest rate movements and credit events. As interest rates rise, bond prices typically decline. Credit risk arises if issuers are unable to meet interest or principal repayments.

This material is provided for general informational purposes only and does not constitute investment advice, research, an offer, or a solicitation to transact in any financial product. It does not take into account the specific investment objectives, financial situation, or particular needs of any individual. While the content is based on information believed to be reliable, Silverdale Capital makes no representations or warranties as to its completeness or accuracy. Any index references are for illustrative purposes only; direct investment in an index is not possible. Mentions of specific companies are for example purposes only and do not constitute a recommendation or opinion on their investment merits.

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

Connecting the Dots.

Sign up to receive insights and analysis from Silverdale Funds

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 200820921K), which is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services Licence. This publication or website content has not been reviewed by the MAS.

All investments carry risk. Historical performance is not necessarily indicative of future returns. Forward-looking statements or projections are not guarantees and may not be realised. Any reliance on the information presented is at the discretion of the reader. Overseas investments may entail additional risks such as currency fluctuations, reduced market liquidity, weaker regulatory protections, and heightened political or economic instability. Fixed income securities may be affected by interest rate movements and credit events. As interest rates rise, bond prices typically decline. Credit risk arises if issuers are unable to meet interest or principal repayments.

This material is provided for general informational purposes only and does not constitute investment advice, research, an offer, or a solicitation to transact in any financial product. It does not take into account the specific investment objectives, financial situation, or particular needs of any individual. While the content is based on information believed to be reliable, Silverdale Capital makes no representations or warranties as to its completeness or accuracy. Any index references are for illustrative purposes only; direct investment in an index is not possible. Mentions of specific companies are for example purposes only and do not constitute a recommendation or opinion on their investment merits.

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

Connecting the Dots.

Sign up to receive insights and analysis from Silverdale Funds

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 200820921K), which is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services Licence. This publication or website content has not been reviewed by the MAS.

All investments carry risk. Historical performance is not necessarily indicative of future returns. Forward-looking statements or projections are not guarantees and may not be realised. Any reliance on the information presented is at the discretion of the reader. Overseas investments may entail additional risks such as currency fluctuations, reduced market liquidity, weaker regulatory protections, and heightened political or economic instability. Fixed income securities may be affected by interest rate movements and credit events. As interest rates rise, bond prices typically decline. Credit risk arises if issuers are unable to meet interest or principal repayments.

This material is provided for general informational purposes only and does not constitute investment advice, research, an offer, or a solicitation to transact in any financial product. It does not take into account the specific investment objectives, financial situation, or particular needs of any individual. While the content is based on information believed to be reliable, Silverdale Capital makes no representations or warranties as to its completeness or accuracy. Any index references are for illustrative purposes only; direct investment in an index is not possible. Mentions of specific companies are for example purposes only and do not constitute a recommendation or opinion on their investment merits.

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

Connecting the Dots.

Sign up to receive insights and analysis from Silverdale Funds

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 200820921K), which is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services Licence. This publication or website content has not been reviewed by the MAS.

All investments carry risk. Historical performance is not necessarily indicative of future returns. Forward-looking statements or projections are not guarantees and may not be realised. Any reliance on the information presented is at the discretion of the reader. Overseas investments may entail additional risks such as currency fluctuations, reduced market liquidity, weaker regulatory protections, and heightened political or economic instability. Fixed income securities may be affected by interest rate movements and credit events. As interest rates rise, bond prices typically decline. Credit risk arises if issuers are unable to meet interest or principal repayments.

This material is provided for general informational purposes only and does not constitute investment advice, research, an offer, or a solicitation to transact in any financial product. It does not take into account the specific investment objectives, financial situation, or particular needs of any individual. While the content is based on information believed to be reliable, Silverdale Capital makes no representations or warranties as to its completeness or accuracy. Any index references are for illustrative purposes only; direct investment in an index is not possible. Mentions of specific companies are for example purposes only and do not constitute a recommendation or opinion on their investment merits.

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

Connecting the Dots.

Sign up to receive insights and analysis from Silverdale Funds

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.

This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 200820921K), which is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services Licence. This publication or website content has not been reviewed by the MAS.

All investments carry risk. Historical performance is not necessarily indicative of future returns. Forward-looking statements or projections are not guarantees and may not be realised. Any reliance on the information presented is at the discretion of the reader. Overseas investments may entail additional risks such as currency fluctuations, reduced market liquidity, weaker regulatory protections, and heightened political or economic instability. Fixed income securities may be affected by interest rate movements and credit events. As interest rates rise, bond prices typically decline. Credit risk arises if issuers are unable to meet interest or principal repayments.

This material is provided for general informational purposes only and does not constitute investment advice, research, an offer, or a solicitation to transact in any financial product. It does not take into account the specific investment objectives, financial situation, or particular needs of any individual. While the content is based on information believed to be reliable, Silverdale Capital makes no representations or warranties as to its completeness or accuracy. Any index references are for illustrative purposes only; direct investment in an index is not possible. Mentions of specific companies are for example purposes only and do not constitute a recommendation or opinion on their investment merits.

ยฉ 2026 Silverdale Capital Pte Ltd. All rights reserved.