The United Global Durable Equities Fund (the “Fund”), sub-managed by Wellington Management, aims to deliver long-term total returns through a combination of capital appreciation and dividend income by investing in durable companies from across the world.
About durable companies
Durable companies exhibit resilience to economic fluctuations and possess the ability to generate consistent earnings1.
*Distributions (in SGD) are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund’s prospectus. Past performance is not necessarily indicative of future performance.
Proven stable and consistent returns
The Fund has delivered returns within the 8% to 14% range for 96% of the time, compared with just 66% for the MSCI All Country World Index (ACWI), highlighting the Fund's lower return volatility and more stable performance profile, offering investors a more predictable investment experience.
Source: MSCI, Wellington Management, UOBAM, July 2025. Benchmark used in the calculation of the chart: MSCI All Country World. Sums may not total due to rounding. Performance returns for periods one year or less are not annualised. Gross returns of the composite used in the calculation of the chart. Past performance is not necessarily indicative of future performance.
Meaningful diversification
Low overlap with traditional growth, value, or quality funds provides good diversification to existing global equity allocations. This positioning can help investors capture opportunities often overlooked by conventional approaches.
Source: UOBAM, Wellington Management, MSCI as of 31 July 2025.
Winning by not losing
The Fund aims to invest in durable companies with stable earnings, consistent business models, and reasonable valuations, with the aim of minimising drawdowns and driving long-term compounding.
Source: Wellington Management, UOBAM, July 2025. Inception date: 10 Aug 2015. Sums may not total due to rounding. Performance returns for periods one year or less are not annualized. The past performance of the scheme is not necessarily indicative of the future performance of the scheme.
Fund returns
The Fund has delivered solid returns across multiple timeframes. Over the past three years, it has outperformed peers while maintaining lower volatility.
Source: Morningstar, as of 31 July 2025. Refers to United Global Durable Equities Fund – Class SGD Dist. Fund performance is calculated on a NAV to NAV basis. Past performance is not necessarily indicative of future performance. Peers category (Morningstar): Global Flex-Cap Equity. Does not include the effect of the current subscription fee that is charged, which an investor might or might not pay.
Attractive income
The Fund offers an annualised dividend yield of 5.5% per annum, with distributions made on a monthly basis (Class A SGD Dist)2.
About Wellington Management, sub-manager of the Fund
Wellington Management has one of the longest histories in fund management since 1928. It is one of the world’s largest sub-advisor of active mutual funds and has global investment capabilities, with total assets under management (AUM) of USD1.237 trillion as of 31 December 2024. Wellington Management's most distinctive strength is their commitment to rigorous, proprietary research — the foundation upon which investment approaches are built. Wellington Management's commitment to investment excellence is evidenced by their significant presence and long-term track records in nearly all sectors of the global securities markets. Wellington Management is also a trusted advisor and strategic partner to more than 3,000 clients in over 64 countries.
Source: Wellington Management, as of 31 December 2024
| Fund Name | United Global Durable Equities Fund |
| Investment Objective | To seek total return consisting of capital appreciation and income over the long term by investing primarily in equity and equity related securities of companies listed and traded on stock exchanges globally. |
| Fund Manager | UOB Asset Management Ltd |
| Sub-Manager | Wellington Management |
| Fund Classes Available2 | SGD Acc SGD Dist USD Acc USD Dist |
| Subscription Mode | Cash – USD Acc & Dist SRS – SGD Acc and Dist |
| Minimum Subscription3 | S$1,000/US$1,000 (initial) S$500/US$500 (subsequent) |
| Subscription Fee | Currently up to 5%; maximum 5% |
| Management Fee | Currently 1.75% p.a.; maximum 2.5% p.a. |
| Dealing Frequency & Deadline3 | Generally every business day, on a forward pricing basis up till 3pm (Singapore time). |
| Distribution Policy |
Distributions (if any) will only be made in respect of the Distribution Classes of the Fund. The current distribution policy is to make regular monthly distributions of up to 5.50% p.a.* (or such other frequency or percentage as we may from time to time determine) of the initial issue price of the relevant Distribution Class or of the NAV per Unit of the relevant Distribution Class as at such date as we may from time to time determine. Distributions will commence only after a period of at least three months following the inception of the relevant Distribution Class (or at such other time as we may determine at our discretion). *Distributions are not guaranteed. Distributions may be made out of income, capital gains and/or capital. |
1Source: Wellington Management, UOBAM, July 2025. Distributions (in SGD) are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund’s prospectus. Past performance is not necessarily indicative of future performance.
2Distributions are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund’s prospectus.
3Investors should refer to the Fund’s prospectus for more details on the different classes available.
4Please refer to the Fund’s prospectus for more details.
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MSCI Data are exclusive property of MSCI. MSCI Data are provided "as is", MSCI bears no liability for or in connection with MSCI Data. MSCI full disclaimer at msci.com/notice-and-disclaimer-for-reporting-licenses.
This document is for general information only. It does not constitute an offer or solicitation to deal in units in the Fund (“Units”) or investment advice or recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information, and conditions available as at the date of this document and may be subject to change at any time without notice. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of the Fund or UOB Asset Management Ltd (“UOBAM”) and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM. The value of Units and the income from them, if any, may fall as well as rise, and is likely to have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. Investments in Units involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited (“UOB”), UOBAM, or any of their subsidiary, associate, or affiliate (“UOB Group”) or distributors of the Fund. The Fund may use or invest in financial derivative instruments, and you should be aware of the risks associated with investments in financial derivative instruments which are described in the Fund’s prospectus. The UOB Group may have interests in the Units and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund’s prospectus, which is available and may be obtained from UOBAM or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Units, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Applications for Units must be made on the application forms accompanying the Fund’s prospectus.
Distributions will be made in respect of the Distribution Classes of the Fund. Distributions are based on the net asset value (NAV) per unit of the relevant Distribution Class as at the last business day of the calendar quarter or month. The making of distributions is at the absolute discretion of UOBAM and that distributions are not guaranteed. The making of any distribution shall not be taken to imply that further distributions will be made. UOBAM reserves the right to vary the frequency and/or amount of distributions. Distributions from a fund may be made out of income and/or capital gains and (if income and/or capital gains are insufficient) out of capital. Investors should also note that the declaration and/or payment of distributions (whether out of income, capital gains, capital or otherwise) may have the effect of lowering the NAV of the relevant fund. Moreover, distributions out of capital may amount to a reduction of part of your original investment and may result in reduced future returns. Please refer to the Fund's prospectus for more information.
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