ETF Management Fees (For ETF portfolios)
The ETF management fee across our Syfe Core portfolios averages 0.15 - 0.24%. ETF fees for Syfe 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.
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.
The US Securities and Exchange Commission (SEC) charges a very small fee of 0.0008% on sell trades. This fee applies to portfolios other than Syfe REIT+ and Syfe Cash+ for sell transactions only.
SGX clearing and trading access fees (For REIT portfolios)
The Singapore Exchange (SGX) charges clearing and trading access fees for trades executed on the SGX. These fees apply to our Syfe REIT+ portfolio only. SGX clearing fees are 0.0325% of the contract value and SGX trading access fees are 0.0075% of the contract value.
As of 1 March 2022, Syfe is a GST-registered entity. Goods & Services Tax (GST) imposed by the Singapore government is at the prevailing rate.
However, Syfe absorbs GST for our customers in order to keep fees low. Customers are therefore not required to pay GST on their Syfe Wealth management fees.
In compliance with IRAS' requirements, we show GST as a separate amount on your Syfe Wealth statement, although fees charged are inclusive of GST.