Year in Review
The SRS Fund had its best return in a year since its inception in 2024. SRS Fund value was up 19.4%, excluding new contributions. However, the SRS Fund underperformed its benchmark STI index which drums up a whopping 22% (Dividend included).
The long-term aim of the SRS Fund remains to outperform its benchmark, thus keeping up with the STI in a bull market goes a long way in doing so. I would also expect the SRS Fund to outperform, especially during years of bear market
Looking at performance over a 5 year period, the SRS Fund outperformed the STI index with a CAGR return of 9.36% versus the benchmark of 6.76%. I believe the outperform will continue as the portfolio companies, in aggregate are superior to those in the index.
Portfolio Segments
Finance remained the most heavily weighted segment as the local economy is geared towards financial services. While the SRS Fund has divested significantly into other sectors, the gain in the finance sector is the main reason the sector remains heavily overweighted in the SRS Fund.
Dividends
Dividends collected for the year hit another record high of $18,753.86. This is coupled with a capital gain of more than $40,000. The result of a portfolio should always be viewed in its totality as a focus on dividend return without consideration for capital gain is meaningless.
SRS Fund Value
With the year-end injection of another round of full contributions of $15,300. The SRS Fund ended the year with a record $470,063.83. While the half-a-million mark is within reach, there is no hard target of how much value the SRS Fund should be worth in X number of years. Market valuation will fluctuate, and the fund value should only be use as a guide on how well the fund is doing over a period of time instead of a point in time.
Cash Levels
The cash level increased to 4% with the latest contribution and is nicely positioned to be invested if more opportunities arise.
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The SRS Fund Jan 2026
After a blockbuster 2025 that saw GDP growth hit a surprise 4.8%, the first month of 2026 has proven that the momentum is far from a fluke. Between record-breaking stock market performance and massive industrial investments, the “Little Red Dot” is making a very big noise.
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MyNest US Fund Jan 26
I have a confession to make. After reading Chip War at the end of 2022, I fully grasped the strategic importance of TSMC and ASML in the global semiconductor supply chain.
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The SRS Fund Dec 2025
If someone had told me at the start of the year that the Singapore stock market would deliver returns in excess of 20%, I would have shrugged it off as wishful thinking.
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MyNest US Fund Dec 25
MyNest US Fund rounded the first year of inception with a slight outperformance to our benchmark the S&P 500. The first year of operation tested to resolve in knowing what we own as we navigated volatility which started on Trump’s Liberation Day.
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The SRS Fund Nov 2025
If you’ve been watching the Singapore market this past month, the narrative has been impossible to ignore: it is a tale of three banks, and unfortunately for UOB, it has found itself lagging its peers.
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MyNest US Fund Nov 25
November tested the patience of the broader market, defined by a distinct shift in sentiment regarding Artificial Intelligence. The narrative of an “AI Bubble” finally took hold,
MYNEST.SG 