The IFSAM Private Credit Fund / Portfolio Stabiliser is a Direct-Lending Fund that extends short to medium tenor term loans to SMEs in Singapore for their working capital requirements. The loans are backed by tangible collateral, in the form of Singapore properties secured under a legal mortgage. The Fund is open to accredited and institutional investors only. It pays a yield of between 5% and 6% p.a. net of all fees. Dividends will be paid semi-annually.Fund Performance
CAGR, launch to Oct 2024: 5.60%
Oct 2024 Initial Series NAV: $116.73 (Before Dividends)
IFSAM Private Credit Fund (IPCF) vs S’pore ABF Bond Index Fund & STI Index: 1 Dec 21 - 31 Oct 24
IPCF: IFSAM Private Credit Fund.
IFSAM Private Credit Fund (IPCF) - Initial Series.
| IPCF Initial Series* | Bond Index | STI Index | |
|---|---|---|---|
| Dec-21 | 0.26% | -0.26% | 2.71% |
| 2022 | 6.82%** | -9.23% | 4.09% |
| 2023 | 4.26% | 2.00% | -0.34% |
| Oct-24 | 0.46% | -0.82%% | -0.74% |
| Oct-24 YTD | 4.43% | 0.84% | 9.83% |
| CAGR: 1 Dec 21 to 31 Oct 24 | 5.60% | -2.48% | 5.69% |
| Volatility | 0.87% | 5.32% | 10.51% |
| Sharp Ratio | 4.03 | -0.86 | 0.34 |
IPCF: IFSAM Private Credit Fund
* Net of all fees and before dividends
** 2022's tax impact of 2.57% was deducted from 2023's NAV