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ABF Singapore Bond Index Fund

Fund Profile

ABF Singapore Bond Index Fund will initially invest in a portfolio of high quality, Singapore government and quasi government bonds. It will mirror closely the basket of bonds in the iBoxx ABF Singapore Bond Index. The target tracking error of the fund is set at not more than 0.4% per annum.

What are the benefits of a listed tracker fund?

Lower Risk
The Fund will reflect Singapore's high credit standing, which means the chances of your bonds defaulting are lower.

Diversification
You get exposure to a basket of Singapore and quasi-Singapore government bonds.

Income distribution and potential capital gains
Investors stand to benefit from potential gains. The Fund also targets annual income distribution, with the amount to be distributed determined at the sole discretion of the Fund Manager.

Low Cost
The Fund is designed for investors who seek an "indexed-based" approach in investing. It has no sales charge (unlike traditional unit trusts) and the annual management fee is only 0.15%.

Easy Accessibility
You can trade units like any stock on the Stock Exchange through your regular broker.

Who should invest in this Fund?

Conservative and lower risk long term investors.
Those looking to diversify their risk from equities.
Those looking for potentially better returns than deposits.

Subscription & Redemption procedures*

You can trade existing units in the Fund (in board lots of 1,000 units) with cash in the same way as you buy or sell stocks on the Singapore Stock Exchange through your stock broker.
For subcription of new units in the Fund, you need to go through the authorised participating dealers.
For subscription of new units, a minimum of 50,000 units is required.
Market makers are appointed to put up bid and offer prices on the Exchange by using the NAV of the Fund as a reference.
Usual fees apply: Brokerage and Clearing fees

For Market Professionals and Institutional Investors
Please consult participating dealers on how to buy and sell the Fund for new units and in-kind subscription. Click here for in-kind subscription and redemption portfolio.

Fund Details
	Name of Fund ABF Singapore Bond Index Fund	Lot Size 1,000 units per lot
	Fund Structure Open-ended Listed Unit Trust, with Exchange Tracker Fund feature	Initial Offer Price $1.00
	Benchmark iBoxx ABF Singapore Bond Index	Valuation Frequency Daily
	Governing Authority Monetary Authority of Singapore	Distribution Frequency Annual at discretion of Manager
	Listing Singapore Exchange	Fund Auditor PricewaterhouseCoopers (Singapore)
	Manager DBS Asset Management Limited	Management Fees 0.15% p.a.
	Trustee HSBC Institutional Trust Services (Singapore) Limited	Trustee Fees 0.05% p.a.

Fund Composition
Click here for list of bonds in the iBoxx ABF Singapore Bond Index.

Fund NAV^
$ 1.0630 per unit (8 May 2008)

ISIN Stock Code
1S08926457 (For Bloomberg users, key in 'INDEX' after this).

Trading Name
ABF SG BOND ETF

Outstanding Units
300,706,000 (31 Mar 2008)

Participating Dealers
Phillip Securities
DBS Vickers
CIMB-GK Securities
Deutsche Bank AG

*Subscription for and/or redemption of new units for cash is applicable for a minimum of 50,000 units in multiples of 1,000 units once a month on the "Cash Dealing Day," which occurs on the second last Dealing Day of each month. Such subscription and redemption of Units must be made via the participating dealers. Please refer to the prospectus for additional terms that apply for application through participating dealers.

^Fund NAV is indicative only, any rates quoted are subject to change without prior notice.

All applications for units of interest in the ABF Singapore Bond Index Fund must be made on application forms accompanying the prospectus. Investors should be aware that the Fund is different from a typical unit trust. Investors should read the prospectus before deciding to purchase units in the Fund. The value of the fund and the income from them, if any, may fall or rise. Investments in this Fund or unit trusts are subject to risks, including possible loss of principal amount invested. The annual distributions are dependent on the fund's performance and are not guaranteed. Investors may only redeem units with the Manager under certain specified conditions and the listing of the Fund of the Stock Exchange of Singapore does not guarantee a liquid market for the units. The Fund's market price on the Singapore Stock Exchange may be different from the net asset value per unit of the Fund, and the Fund may be delisted from the Singapore Stock Exchange. The Fund is not guaranteed or endorsed by the Asian governments. This publication is intended for internal/general circulation and does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Investors may wish to seek advice from a financial adviser regarding the suitability of the Fund, taking into account his specific investment objectives, financial situation or particular needs before committing to invest in or purchase units in the Fund. In the event that an investor chooses not to seek such advice, he should consider whether the Fund is suitable for him.