Harvest Your Regular Income with Phillip SING Income ETF

The Phillip SING Income ETF focuses on 30 high quality Singapore Listed stocks to offer investors a cost-effective and diversified exposure to the Singapore market. By using a rule/factor-based approach for stocks selection, the ETF aims to deliver stable and quality income for investors.

The Phillip SING Income ETF provides investors with:

Learn more about the ETF by watching Phillip SING Income ETF: Access High Quality Singapore Stocks.

For more information about ETFs, please visit https://www.poems.com.sg/products/etf/

Key Information

Instrument Type: Exchange Traded Fund (“ETF”)
Tracked Index: Morningstar® Singapore Yield Focus IndexSM
Exchange Listing: SGX-ST
EIP / SIP Classification Excluded Investment Products (EIP). Investors can trade EIP without any prerequisite.
Trading Currency: Singapore dollars (S$)
Estimated Gross Dividend Yield: ~5% (Based on Index’s performance, without accounting for expenses and costs)
Dividend Distribution Frequency: Semi-annual distribution. (June and December)

Distributions, if any, will be payable within two months after the end of each semi-annual period of each year. However, investors should note that such distribution is not guaranteed and is subject to all times to the discretion of the Manager. There is currently no dividend reinvestment service.
Expense Ratio Expense ratio is capped at a maximum of 0.70% per annum.
Manager: Phillip Capital Management

Comparisons between Traditional Market Cap ETF and Strategic/Smart Beta ETF

Strategic/Smart Beta ETF utilises rules/factors-based approach to achieve its investment objective.

Similar to traditional Market Capitalisation Weighted ETFs, Strategic / Smart Beta ETFs employ a passive implementation strategy to make management of the ETF transparent, systematic and quantifiable.

Type: Traditional Market Cap ETF Strategic / Smart Beta ETF
Index Criteria: Based on Market Capitalisation   Rules / Factors-Based Screening
Weighting: Market Capitalisation Weighting   Rules / Factors-Based Weighting
Management Strategy: Passive Implementation Passive Implementation

Figure 1: Smart Beta ETF Index Objective and Implementation Strategy

Learn more about Smart Beta ETFs at Rise of the Smart Beta ETFs

Benchmark Index Information:

Key Attributes of the Index
Index Objective

The Morningstar Dividend Yield Focus (DYF) Index Series is designed to track high-yielding companies screened for superior quality and financial health.

Morningstar® Singapore Yield Focus IndexSM aims to track the performance of top 30 SGX listed companies based on a quality income strategy using the proprietary factors that underpin the successful Morningstar DYF family of indexes.

Underpinning Factors

1. Business Quality

The index screens for companies with sustainable competitive advantage. Competitive advantages protect income stream from erosion.

2. Financial Health

The index methodology avoids companies with deteriorating balance sheets at risk of financial distress.

3. Dividend Yield

The index’s weighting scheme maximises yield and anchors the portfolio in the most liquid and stable companies, while capping security weight as a risk control.

Individual security weights are capped at 10% to avoid excessive security concentration and to enhance diversification.

Number of Stocks 30
Sector Allocation Financial Services – 39.1%
REIT – 17.45%
Industrials – 16.63%
Telecommunications – 16.03%
Consumer – 7.37%
Others – 2%
Real Estate – 0.40%
Top 10 stocks in Index
  1. DBS Group Holdings Ltd
  2. Singapore Exchange Ltd
  3. United Overseas Bank Ltd
  4. Oversea-Chinese Banking Corp Ltd
  5. Singapore Telecommunications Ltd
  6. SATS Ltd
  7. Singapore Technologies Engineering
  8. Genting Singapore Ltd
  9. CapitaLand Mall Trust
  10. NetLink NBN Trust

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you


This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  


Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com