Syfe Cash+ holds a 30% allocation to Lion Global SGD Money Market Fund (MMF) and a 70% allocation to Lion Global SGD Enhanced Liquidity Fund (ELF). Lion Global provides Syfe with the amortised yields of each fund. 

As such, the Gross Projected Return for Cash+ is calculated as such:

30% of the amortised yield for MMF + 70% of the amortised yield for ELF = Gross Projected Return

The Projected return of 3.3% p.a. is derived as such:

Gross Projected Return - Fund Fees (charged by Lion Global) + 100% Trailer Fee Rebates - Syfe Management Fee

Syfe does not charge any management fees for Cash+, thus:

Cash+ projected return = 3.45% - 0.28% + 0.13% - 0% = 3.3%

The projected return for Syfe Cash+ may fluctuate based on the performance of the underlying funds. Where applicable, Syfe may optimise the fund allocation to deliver the best-projected return possible in a given interest rate environment. We will keep you informed should there be a change in the projected return.