ETF management fees (for Managed Portfolios)

The ETF management fee across our Core portfolios averages between 0.15% and 0.24%. ETF fees for Select portfolios may vary. For an ETF management fee of 0.15%, this amounts to around $1.50 per $1,000 invested each year. The fee is charged by the ETF manager and built in to the prices of the ETFs that we buy on your behalf.

Since it is not charged by Syfe, you will not see the ETF management fee deducted directly from your Syfe account.

Currency conversion

There is a 0.09% - 0.12% fee for currency conversion charged by our broker on the amount converted. This is applicable on SGD transfers made to Syfe portfolios where we need to buy or sell US dollars to trade US securities in your account.

To understand more about currency conversion and your portfolio, please find out more here.

SEC charges

The US Securities and Exchange Commission (SEC) charges a very small fee of 0.0008% on sell trades. This fee applies to all portfolios (except REIT+,Cash+ Flexi and Cash+ Guaranteed) for sell transactions only.

SGX clearing and trading access fees (For REIT portfolios)

To-date, Syfe has been absorbing the SGX clearing and trading access fee applicable to the services we provide to you in your simple, one and all-inclusive management fee.

Syfe waives the Singapore Exchange (SGX) charges clearing and trading access fees for trades executed on the SGX. SGX clearing fees are 0.0325% of the contract value and SGX trading access fees are 0.0075% of the contract value.

GST

Syfe has been a GST-registered entity since March 2022, and we have been absorbing the GST applicable to the services we provide to you. From 1 June 2023, Syfe began charging GST on management fees across Managed Portfolios and Cash Management. 

Income+ fund-level fees

Refer to the unified management fees of the constituent funds which are charged by the fund manager, in this case PIMCO.

Income+ net fund-level fees

Net Fund Level Fees of the portfolio is the weighted average of the net unified management fees of the constituent funds after accounting for rebates. For institutional share class funds, the gross and net fund level fees are the same. For retail/admin share classes, the net fund level fees are calculated by subtracting the unified management fees of the constituent funds with applicable trailer fee rebates which Syfe wholly passes on to its clients.

Trailer fee rebate

Trailer Fee Rebate is a fee that a fund manager pays intermediaries. The rebate is usually applicable when the fund’s share class is retail. Currently, Syfe passes on to clients any trailer fee rebates it receives for any of the constituent funds of Income+ portfolios.