Target Return Funds
Silverdale Fixed Maturity Fund October 2026
Latest Fact Sheet
Data as of:
Aug 29, 2025
Target Return Funds
Silverdale Fixed Maturity Fund October 2026
Latest Fact Sheet
Data as of:
Aug 29, 2025
Target Return Funds
Silverdale Fixed Maturity Fund October 2026
Latest Fact Sheet
Data as of:
Aug 29, 2025
Target Return Funds
Silverdale Fixed Maturity Fund October 2026
Latest Fact Sheet
Data as of:
Aug 29, 2025
Target Return Funds
Silverdale Fixed Maturity Fund October 2026
Latest Fact Sheet
Data as of:
Aug 29, 2025
Overview
Overview
Investment Objective
Investment Objective
Investment Objective
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 tenure until Oct 2026.
Key Highlights
Key Highlights
Key Highlights
Key Highlights
Attractive leveraged yield of circa 9.00% p.a.
Dividend: US$ 6.00 p.a., paid semi-annually
Fixed term of circa 3.4 years
Internally leveraged to enhance investor returns (non-recourse to investors)
Capitalizing on Silverdale Fund House capability of delivering superior risk-adjusted returns
Both the Fund and Fund Manager are onshore and regulated by the Monetary Authority of Singapore (MAS)
The Silverdale Edge
The Silverdale Edge
The Silverdale Edge
The Silverdale Edge
Fungible Cash Flow Modelling (SCFM)
The biggest risk in fixed income is redemption risk. Silverdale’s proprietary SCFM framework focuses on an issuer’s Ability to Pay and Willingness to Pay, forming the backbone of our investment process:
Quant Filters: Proprietary algorithms scan the $2T EM universe (150k+ bonds → 500 actively followed)
Cash Flow Modelling: Fungible cash analysis and legal review of issuance terms, structures, and waterfalls
Team Review: Consensus-driven, with CIO veto for risk control
Risk-Based Allocation: Position sizing via Duration × Spread; Internal and external investment restrictions; Strict stop-loss and proactive rebalancing
Trade Execution: Best execution, no soft dollars, zero conflicts of interest
Continuous Learning: Feedback loop from markets, news flow, and trading insights
Beyond traditional metrics (credit ratings, YTM, duration), we apply legal covenant review, SCFM, and the Silverdale Risk Management Protocol (SRMP) to select bonds with superior risk-adjusted returns.
Our portfolio construction emphasizes duration management, diversification, and optimization, powered by a robust risk management system.
Fungible Cash Flow Modelling (SCFM)
The biggest risk in fixed income is redemption risk. Silverdale’s proprietary SCFM framework focuses on an issuer’s Ability to Pay and Willingness to Pay, forming the backbone of our investment process:
Quant Filters: Proprietary algorithms scan the $2T EM universe (150k+ bonds → 500 actively followed)
Cash Flow Modelling: Fungible cash analysis and legal review of issuance terms, structures, and waterfalls
Team Review: Consensus-driven, with CIO veto for risk control
Risk-Based Allocation: Position sizing via Duration × Spread; Internal and external investment restrictions; Strict stop-loss and proactive rebalancing
Trade Execution: Best execution, no soft dollars, zero conflicts of interest
Continuous Learning: Feedback loop from markets, news flow, and trading insights
Beyond traditional metrics (credit ratings, YTM, duration), we apply legal covenant review, SCFM, and the Silverdale Risk Management Protocol (SRMP) to select bonds with superior risk-adjusted returns.
Our portfolio construction emphasizes duration management, diversification, and optimization, powered by a robust risk management system.
Fungible Cash Flow Modelling (SCFM)
The biggest risk in fixed income is redemption risk. Silverdale’s proprietary SCFM framework focuses on an issuer’s Ability to Pay and Willingness to Pay, forming the backbone of our investment process:
Quant Filters: Proprietary algorithms scan the $2T EM universe (150k+ bonds → 500 actively followed)
Cash Flow Modelling: Fungible cash analysis and legal review of issuance terms, structures, and waterfalls
Team Review: Consensus-driven, with CIO veto for risk control
Risk-Based Allocation: Position sizing via Duration × Spread; Internal and external investment restrictions; Strict stop-loss and proactive rebalancing
Trade Execution: Best execution, no soft dollars, zero conflicts of interest
Continuous Learning: Feedback loop from markets, news flow, and trading insights
Beyond traditional metrics (credit ratings, YTM, duration), we apply legal covenant review, SCFM, and the Silverdale Risk Management Protocol (SRMP) to select bonds with superior risk-adjusted returns.
Our portfolio construction emphasizes duration management, diversification, and optimization, powered by a robust risk management system.
Fungible Cash Flow Modelling (SCFM)
The biggest risk in fixed income is redemption risk. Silverdale’s proprietary SCFM framework focuses on an issuer’s Ability to Pay and Willingness to Pay, forming the backbone of our investment process:
Quant Filters: Proprietary algorithms scan the $2T EM universe (150k+ bonds → 500 actively followed)
Cash Flow Modelling: Fungible cash analysis and legal review of issuance terms, structures, and waterfalls
Team Review: Consensus-driven, with CIO veto for risk control
Risk-Based Allocation: Position sizing via Duration × Spread; Internal and external investment restrictions; Strict stop-loss and proactive rebalancing
Trade Execution: Best execution, no soft dollars, zero conflicts of interest
Continuous Learning: Feedback loop from markets, news flow, and trading insights
Beyond traditional metrics (credit ratings, YTM, duration), we apply legal covenant review, SCFM, and the Silverdale Risk Management Protocol (SRMP) to select bonds with superior risk-adjusted returns.
Our portfolio construction emphasizes duration management, diversification, and optimization, powered by a robust risk management system.
Fungible Cash Flow Modelling (SCFM)
The biggest risk in fixed income is redemption risk. Silverdale’s proprietary SCFM framework focuses on an issuer’s Ability to Pay and Willingness to Pay, forming the backbone of our investment process:
Quant Filters: Proprietary algorithms scan the $2T EM universe (150k+ bonds → 500 actively followed)
Cash Flow Modelling: Fungible cash analysis and legal review of issuance terms, structures, and waterfalls
Team Review: Consensus-driven, with CIO veto for risk control
Risk-Based Allocation: Position sizing via Duration × Spread; Internal and external investment restrictions; Strict stop-loss and proactive rebalancing
Trade Execution: Best execution, no soft dollars, zero conflicts of interest
Continuous Learning: Feedback loop from markets, news flow, and trading insights
Beyond traditional metrics (credit ratings, YTM, duration), we apply legal covenant review, SCFM, and the Silverdale Risk Management Protocol (SRMP) to select bonds with superior risk-adjusted returns.
Our portfolio construction emphasizes duration management, diversification, and optimization, powered by a robust risk management system.
Fund Information
Fund Information
Quick Stats
Quick Stats
Quick Stats
Quick Stats
Number of Securities
Number of Securities
Number of Securities
Number of
Securities
Number of Securities
33
33
Max Single Security Exposure
Max Single Security Exposure
Max Single Security Exposure
8%
8%
Number of Countries
Number of Countries
Number of Countries
Number of
Countries
Number of Countries
8
8
Max Single Country Exposure
Max Single Country Exposure
Max Single Country Exposure
62%
62%
Accumulation NAV
(USD Class)
Net Assets
(AUM)
Net Assets (AUM)
$124.92
$124.92
$124.92
$124.92
$124.92
Distribution NAV
(USD Class)
Net
Loan
Net Loan
$111.37
$111.37
$111.37
$111.37
$111.37
Investment Grade
Bonds
Investment Grade Bonds
Investment Grade Bonds
Investment Grade
Bonds
Investment Grade Bonds
42%
42%
42%
42%
42%
Key Facts
Key Facts
Key Facts
Key Facts
ACRA Regn. No.
T20VC0123D-SF013
MAS SRS No.
23YIAND0268
Umbrella Fund
Silverdale Fund VCC
Country of Domicile
Singapore
Fund Currency
US Dollar
Strategy Inception
Date
Jun 23, 2023
Management Fee
0.60% p.a.
ISIN
ISIN (Distribution)SGXZ70866256 ISIN (Accumulation)SGXZ22082119
NAV Frequency
Monthly
Subscription
Closed
Redemption
Monthly
Last Dividend
US$ 3.00 per share
Next Dividend
US$ 3.00 per share
Next Dividend Date
Oct 31, 2025
NAV & Performance
NAV & Performance
NAV & Performance
Net Asset Value
Returns
Growth of 100k
Net Asset Value
Returns
Growth of 100k
Net Asset Value
Returns
Growth of 100k
Net Asset Value
Returns
Growth of 100k
Portfolio
Portfolio
Portfolio
Top 10 Holdings
Top 10 Holdings
Top 10 Holdings
Top 10 Holdings
Top 10 Holdings
Country
Country
Country
Country
Country
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Sector
Sector
Sector
Sector
Sector
Duration
Duration
Duration
Duration
Duration
Get in touch with us
We manage funds and investment portfolio mandates for Family Offices, Independent Asset Management firms, Private Banks & Institutional Investors.
Get in touch with us
We manage funds and investment portfolio mandates for Family Offices, Independent Asset Management firms, Private Banks & Institutional Investors.
Get in touch with us
We manage funds and investment portfolio mandates for Family Offices, Independent Asset Management firms, Private Banks & Institutional Investors.
Get in touch with us
We manage funds and investment portfolio mandates for Family Offices, Independent Asset Management firms, Private Banks & Institutional Investors.
Get in touch with us
We manage funds and investment portfolio mandates for Family Offices, Independent Asset Management firms, Private Banks & Institutional Investors.
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© 2025 Silverdale Capital Pte Ltd. All rights reserved. *Source: Silverdale Capital, as of 31 May 2025.
This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 201201653E), 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.
© 2025 Silverdale Capital Pte Ltd. All rights reserved.
Connecting the Dots.
Sign up to receive insights and analysis from Silverdale Funds
© 2025 Silverdale Capital Pte Ltd. All rights reserved. *Source: Silverdale Capital, as of 31 May 2025.
This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 201201653E), 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.
© 2025 Silverdale Capital Pte Ltd. All rights reserved.
Connecting the Dots.
Sign up to receive insights and analysis from Silverdale Funds
© 2025 Silverdale Capital Pte Ltd. All rights reserved. *Source: Silverdale Capital, as of 31 May 2025.
This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 201201653E), 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.
© 2025 Silverdale Capital Pte Ltd. All rights reserved.
Connecting the Dots.
Sign up to receive insights and analysis from Silverdale Funds
© 2025 Silverdale Capital Pte Ltd. All rights reserved. *Source: Silverdale Capital, as of 31 May 2025.
This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 201201653E), 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.
© 2025 Silverdale Capital Pte Ltd. All rights reserved.
Connecting the Dots.
Sign up to receive insights and analysis from Silverdale Funds
© 2025 Silverdale Capital Pte Ltd. All rights reserved. *Source: Silverdale Capital, as of 31 May 2025.
This material is distributed in Singapore by Silverdale Capital Pte Ltd (Company Registration No. 201201653E), 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.
© 2025 Silverdale Capital Pte Ltd. All rights reserved.