SIF reported unaudited results for the six months ended 31 December 2025, posting total return of SGD 9.50 million, comprising net income of SGD 1.04 million and net gains on investments of SGD 8.48 million. Dividend income was SGD 1.33 million, while total expenses were SGD 0.29 million and income tax was SGD 0.02 million. Net assets attributable to unitholders were SGD 59.01 million as at 31 December 2025, up from SGD 50.44 million as at 30 June 2025. The portfolio of investments stood at SGD 58.45 million, with cash and bank balances of SGD 0.38 million and fixed deposits of SGD 0.35 million. Redemptions (cancellation of units) totalled SGD 0.93 million in H2 2025, while subscriptions were reported as none. For performance, SIF delivered 19.02% growth over 6 months and 27.04% over 1 year (bid-to-bid, net dividends reinvested), versus benchmark returns of 19.80% and 28.57%, respectively. The fund’s expense ratio was 1.00% as at 31 December 2025, and the portfolio turnover ratio was 0.05%. In portfolio and market commentary, the manager noted the Straits Times Index generated a 19.8% total return in H2 2025 and 28.6% for 2025, and highlighted IMF projections for global GDP growth of 3.2% in 2025 and 3.1% in 2026, with Singapore’s MTI forecasting 1% to 3% GDP growth in 2026 and MAS projecting core inflation of 1% to 2% in 2026. As at 31 December 2025, the largest holdings included DBS (SGD 15.40 million; 26.09% of NAV), OCBC (SGD 8.93 million; 15.13%) and UOB (SGD 5.95 million; 10.09%).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Singapore Index Fund published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: U38EKD6DX2BQHDWE) on February 19, 2026, and is solely responsible for the information contained therein.