Disclaimer - Lion Global Investors Limited
The IntraDay NAV (iNAV) shown is provided by S&P Global Limited (“S&P”). The iNAV is indicative and for reference purposes only. It may differ from the actual NAV calculated in accordance with the Trust Deed and should not be viewed as the actual NAV. Please refer to the actual NAV on our website.
Neither S&P, its affiliates nor any of its third party data providers makes any representation or warranty, express or implied, as to the accuracy, completeness or timeliness of the data contained herein nor as to the results to be obtained by recipients. S&P is not responsible for and has not participated in the determination of the prices and amount of the Fund or the timing of the issuance or sale of the Units of the Fund or in the determination or calculation of the equation by which Units of the Fund are converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Fund. Furthermore, S&P has no obligation to update, modify or amend this data or to otherwise notify a recipient if any data changes or subsequently becomes inaccurate. THE INAV IS NOT, AND SHOULD NOT BE TAKEN OR RELIED ON AS BEING, THE NET ASSET VALUE PER UNIT OR THE PRICE AT WHICH UNITS MAY BE SUBSCRIBED FOR OR REDEEMED THROUGH A PARTICIPATING DEALER OR PURCHASED OR SOLD ON THE SGX-ST. NO ASSURANCE CAN BE GIVEN THAT THE INAV WILL BE UP TO DATE AT ALL TIMES OR FREE FROM ERROR. WITHOUT LIMITING THE FOREGOING, NEITHER S&P, ITS AFFILIATES NOR ANY THIRD PARTY DATA PROVIDER SHALL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), WHATSOEVER TO YOU, WHETHER IN CONTRACT (INCLUDING UNDER AN INDEMNITY), IN TORT (INCLUDING NEGLIGENCE), UNDER A WARRANTY, UNDER STATUTE OR OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY OF THE SUCH DAMAGES IN RESPECT OF ANY INACCURACIES, ERRORS OR OMISSIONS, OR ANY LOSS OR DAMAGE SUFFERED BY YOU AS A RESULT OF OR IN CONNECTION WITH THE S&P DATA CONTAINED HEREIN. ALL INTELLECTUAL PROPERTY AND OTHER PROPRIETARY RIGHTS COMPRISED IN THE S&P DATA ARE AND SHALL BE THE EXCLUSIVE PROPERTY OF S&P.
Indicative NAV per unit in USD is for reference only and is calculated using the actual NAV per unit in SGD converted into USD, using the exchange rates quoted by Reuters at 4:00 p.m. (Hong Kong time) as of the same Dealing Day.
The Lion-OCBC Securities APAC Financials Dividend Plus ETF is the world's first APAC Financials ETF, riding on APAC’s financial strengths while providing investors with 5% p.a. quarterly payouts1.
1As set out in the prospectus, the minimum payout of 5% per annum is only for the first 2 years. Distributions are not guaranteed. Please refer to LGI website for more information on the income disclosures.
The investment objective of the Fund is to replicate as closely as possible, before expenses, the performance of the iEdge APAC Financials Dividend Plus Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities.
The Index is compiled and calculated by Singapore Exchange Limited. The Index aims to track the 30 largest and most tradable companies listed in Asia Pacific and is designed to provide access to stable dividend payout attributes and growth in the financial sector.
2The company’s business sector must be classified as “Banking, Insurance, Investment Services, or Specialty Finance & Services”, as defined by FactSet’s Revere Business Industry Classification System (RBICS).
3Based on the underlying Index Securities of the iEdge APAC Financials Dividend Plus Index
4As set out in the prospectus, distribution payments shall, at the sole discretion of the Manager, be made out of either (a) distributable income; or (b) capital gains; or (c) capital of the Deposited Property or a combination of (a) and/or (b) and/or (c). Distributions are not guaranteed and may fluctuate. Past performance, yields, and payments are not necessarily indicative of future or likely performance, yields, and payments. Distribution payouts and its frequency might be changed at the Manager’s discretion and can be made out of distributable income, capital or both. Any payment of distributions by the fund may result in an immediate reduction of the net asset value per share/unit. The Fund seeks to invest all or substantially all of the Fund’s assets in Index Securities in substantially the same weightings as reflected in the Index. Please refer to the fund prospectus for more information on the ETF’s distribution policy. Please refer to Lion Global Investors' website for more information on the income disclosures.
5Assumes issue price S$1 per unit, excluding fees and charges.
6Supplementary Retirement Scheme subscription is only available after listing
| Underlying Index | iEdge APAC Financials Dividend Plus Index |
| Issue Price | SGD 1.00 per unit |
| Base Currency | SGD |
| Trading Currency | SGD, USD |
| SGX Code | YLD (SGD) and YLU (USD) |
| Bloomberg Ticker | FINSGD SP (SGD) and FINUSD SP (USD) |
| ISIN | SGXC10762612 |
| Trading Board Lot Size | 1 unit |
| Management Fee | 0.50% per annum |
| Dividend Policy7 |
First 2 years: Quarterly distribution (min 5% pa of the Issue Price) to be declared in every March, June, September and December. First distribution expected to be declared in September 2024. Year 3 onwards: Intend to declare quarterly distributions of around 5% pa of the SGD Class NAV less the expenses of the Class in every March, June, September and December. |
| Replication Strategy | Direct Replication or Representative Sampling |
| Classification Status | Excluded Investment Product |
| Designated Market Maker | Flow Traders Asia Pte Ltd, Phillip Securities Pte Ltd |
The Fund is suitable for investors who:
- are looking for regular income with quarterly distribution1
- seek to invest in financial sector companies2 listed in Asia Pacific with stable dividend payouts1
- believe that the APAC Financials sector will appreciate in value
- are comfortable with the volatility and risks of an equity fund
This ETF includes financial institutions that are classified as Banking, Insurance, Investment Services, or Specialty Finance & Services, as defined by FactSet’s Revere Business Industry Classification System (RBICS).
The index includes exposure to APAC countries such as Australia, Japan, Singapore, South Korea, Hong Kong, Indonesia, Thailand and Malaysia.
The Lion-OCBC Securities APAC Financials Dividend Plus ETF offers investors a regular income stream with quarterly distribution1. For the first 2 years, the payout is fixed at minimum 5% p.a. 3 of the SGD 1.00 issue price per unit. Regardless of price movements, investors will receive at least S$0.05 annual dividends for every S$1 invested. From the third year onwards, we intend to declare quarterly distributions of around 5% p.a. of the Net Asset Value per Unit of the Class, less the expenses of the Class. Distributions are not guaranteed and are subject at all times to our discretion.
The ETF invests in 30 largest and most tradable companies across the Asia-Pacific region and provides diversification from an interest rate cycle perspective. For example, the Japanese central bank is projected to raise interest rates going forward, instead of cutting. Furthermore, China’s central bank has already been cutting interest rates since 2021. As such, this ETF provides greater diversification for investors, compared to solely investing in Singapore banks which are more influenced by the US interest rate cycle.
Regardless of interest rate cuts, the Lion-OCBC Securities APAC Financials Dividend Plus ETF offers investors a regular income stream with quarterly distribution1. For the first 2 years, the payout is fixed at minimum 5% p.a.3 of the SGD 1.00 issue price. Regardless of price movements, investors will receive at least S$0.05 annual dividends for every S$1 invested. From the third year onwards, we intend to declare quarterly distributions of around 5% p.a. of the Net Asset Value per Unit of the Class, less the expenses of the Class. Distributions are not guaranteed and are subject at all times to our discretion.
You can subscribe with SRS after the ETF is listed on SGX on 13 May 2024. As this is a new ETF, it needs a minimum track record before it can be CPFIS registered.
9References to specific corporations/companies and their trademarks are not intended as recommendations to purchase or sell investments in such corporations/companies nor do they directly or indirectly express or imply any sponsorship, affiliation, certification, association, approval, connection or endorsement between any of these corporations/companies and Lion Global Investors Limited or the products and services of Lion Global Investors Limited.
10Subscribe by 2 May 2024 12pm at SGD 2 application fee (waived). Terms and conditions apply.
Disclaimer – Lion Global Investors Limited
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. It is for information only, and is not a recommendation, offer or solicitation for the purchase or sale of any capital markets products or investments and does not have regard to your specific investment objectives, financial situation, tax position or needs.
You should read the prospectus and Product Highlights Sheet of the Lion-OCBC Securities APAC Financials Dividend Plus ETF (“ETF”), which is available and may be obtained from Lion Global Investors Limited (“LGI”) or any of the its distributors and appointed Participating Dealers (“PDs”), for further details including the risk factors and consider if the ETF is suitable for you and seek such advice from a financial adviser if necessary, before deciding whether to purchase units in the ETF.
Investments in the ETF are not obligations of, deposits in, guaranteed or insured by LGI or any of its affiliates and are subject to investment risks including the possible loss of the principal amount invested. The performance of the ETF is not guaranteed and, the value of its units and the income accruing to the units, if any, may rise or fall. Past performance, payout yields and payments, as well as, any prediction, projection, or forecast are not necessarily indicative of the future or likely performance, payout yields and payments of the ETF. Any extraordinary performance may be due to exceptional circumstances which may not be sustainable. Dividend distributions, which may be either out of income and/or capital, are not guaranteed and subject to LGI’s discretion. Any such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value of the ETF. Any references to specific securities are for illustration purposes and are not to be considered as recommendations to buy or sell the securities. It should not be assumed that investment in such specific securities will be profitable. There can be no assurance that any of the allocations or holdings presented will remain in the ETF at the time this information is presented. Any information (which includes opinions, estimates, graphs, charts, formulae or devices) is subject to change or correction at any time without notice and is not to be relied on as advice. You are advised to conduct your own independent assessment and investigation of the relevance, accuracy, adequacy and reliability of any information or contained herein and seek professional advice on them. No warranty is given and no liability is accepted for any loss arising directly or indirectly as a result of you acting on such information. The ETF may, where permitted by the prospectus, invest in financial derivative instruments for hedging purposes or for efficient portfolio management. The ETF’s net asset value may have higher volatility as a result of its narrower investment focus on a limited geographical market, when compared to funds investing in global markets. LGI, its related companies, their directors and/or employees may hold units of the ETF and be engaged in purchasing or selling units of the ETF for themselves or their clients.
The units of the ETF are listed and traded on the Singapore Exchange Securities Trading Limited (“SGX-ST”), and may be traded at prices different from its net asset value, suspended from trading, or delisted. Such listing does not guarantee a liquid market for the units. You cannot purchase or redeem units in the ETF directly with the manager of the ETF, but you may, subject to specific conditions, do so on the SGX-ST or through the PDs.
© Lion Global Investors Limited (UEN/ Registration No. 198601745D). All rights reserved. LGI is a Singapore incorporated company and is not related to any corporation or trading entity that is domiciled in Europe or the United States (other than entities owned by its holding companies).
Disclaimer – OCBC Securities Private Limited
The distributions will be a minimum of 5% per annum of the issue price per unit during the ETF’s initial offer period for the first 2 years. Thereafter, there will be a targeted dividend yield of around 5% per annum of the Net Asset Value per unit, less expenses. Distributions may be paid from distributable income, capital gains and/or capital. These distributions are not guaranteed and are subject to the fund’s distribution policy. For full details, refer to the fund prospectus. Past performance, yields, and payments are not necessarily indicative of future or likely performance, yields, or payments.
The information provided herein is a compilation or summary of materials and data based from external sources available to OCBC Securities Private Limited (“OSPL”), and does not represent OSPL’s view on the matters mentioned. The information herein are not meant as recommendation or advice in any manner from OSPL. Where any graph, chart, formula or device are included, there maybe limitations, and difficulties in respect of the use, of such graph, chart, formula or device (as the case may be). Whilst we have taken all reasonable care to ensure that the information contained in this advertisement or publication is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness, and you should not act on it without first independently verifying its contents. Trading in capital market products and borrowing to finance the trading transactions (including, but not limited to leveraged trading or gearing) can be very risky, and you may lose all or more than the amount invested or deposited. Where necessary, please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your investment objectives, financial situation or particular needs before making a commitment to trade or purchase the investment product. If you choose not to seek independent financial advice, please consider whether the trade or product in question is suitable for you. You should consider carefully and exercise caution in making any trading decision whether or not you have received advice from any financial adviser. You should also read the relevant prospectus and/or profile statement (a copy of which may be obtained from the relevant fund manager or any of its approved distributors), prior to any trading or investment decision. In relation to collective investment schemes, the value of the units and the income accruing therefrom, if any, may rise or fall. Past performance, yields and payments, as well as, any prediction, projection, or forecast are not necessarily indicative of the future or likely performance, yields and payments of the ETF. For funds that are listed on an approved exchange, investors are not allowed to redeem their units in those funds with the manager, except under certain specified conditions. The listing of the units of those funds on any approved exchange does not guarantee a liquid market for the units. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OSPL and it should not be relied upon as such. OSPL does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. OSPL shall not be responsible for any loss or damage howsoever arising, directly or indirectly, as a result of any person acting on any information provided herein. The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated in whole or in part without our written consent. All trademarks, registered trademarks, product names and company names or logos mentioned herein are the property of their respective owners, and you agree that you will not do anything to infringe or prejudice those rights. Reference to any products, services, processes or other information, does not constitute or imply endorsement, sponsorship or recommendation thereof by OSPL. Past performance is not necessarily indicative of future performance.
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
© OCBC Securities Private Limited. (UEN/ Registration No. 196600262R)
Disclaimer – Singapore Exchange Limited
The units of the Lion-OCBC Securities APAC Financials Dividend Plus ETF are not in any way sponsored, endorsed, sold or promoted by the Singapore Exchange Limited (“SGX”) and/or its affiliates and SGX and its affiliates make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the iEdge APAC Financials Dividend Plus Index and/or the figure at which the iEdge APAC Financials Dividend Plus Index stands at any particular time on any particular day or otherwise. The iEdge APAC Financials Dividend Plus Index is administrated, calculated and published by SGX. SGX shall not be liable (whether in negligence or otherwise) to any person for any error in the Lion-OCBC Securities APAC Financials Dividend Plus ETF and the iEdge APAC Financials Dividend Plus Index and shall not be under any obligation to advise any person of any error therein.
Intellectual property rights in the iEdge APAC Financials Dividend Plus Index vest in SGX. The iEdge APAC Financials Dividend Plus Index is used by Lion Global Investors Limited under licence.