ii) Buy Fixed Income funds:
0% to 0.5% will be charged for all type of investors
*To view selected Fixed Income funds at 0%, please go to WISE website

iii) Buy Money Market or Short Duration funds:
0%

Switching: when you perform a switch of 2 funds:
i) Switching under same tier:
0%

ii) From lower tier to higher tier fund:
0.5% will be charged

iii) From 0% sales charge fund to any higher tier fund:
0.5% will be chareged.

Platform Fee (only applicable for Cash and SRS IA Holdings)
A) Equity holdings - by incremental basis:
i)Equity Funds Holdings - first $50,000:
0.125% per quarter

ii)Equity Funds Holdings - next $150,000:
0.11% per quarter

iii)Equity Funds Holdings- next $300,000:
0.09% per quarter

iv)Equity Funds Holdings - remaining amount above $500,000:
0.05% per quarter

B)Fixed Income Funds Holdings:
0.05% per quarter

Note:
> Platform fee of all CPF Holdings are exempted
> All charges quoted above are exclusive GST.

In the past, we relied on the profit margins from the front-end sales charge to subsidise the ongoing operational costs which include updating fund prices and data, handling of fund dividends, custodian duties, keeping track of holdings and sending out statements etc. Now, the trend in the local unit trust industry has been towards lower sales charge, we face shrinking front-end margins and increasing ongoing costs, so this kind of subsidy is simply no longer viable.

Hence, we have introduced the new platform fee while lowering down our front-end sales charge further. We believe the new pricing model gives us greater flexibility to offer better value to our investors.

Please read our article here to know more about the key trends in the local unit trust industry.

You can refer to the ‘Fund Charges’ in the respective fund factsheet. The FSM sales charge applies upon your purchase and it will be deducted upfront from your investment amount. There will be no charges imposed when you sell.

This platform fee is only applicable on cash and SRS holdings, excluding any CPF-OA and SA investments.

Equity holdings above S$500,000 will be charged an incremental 0.1% instead of 0.125% per quarter, while equity holdings above S$1,000,000 will be charged an incremental 0.075% per quarter instead of 0.125% per quarter.

0 – S$50K AUM – 0.125% per quarter
S$50K – S$200K AUM – 0.11% per quarter
S$200K – S$500K AUM – 0.09% per quarter
> S$500K AUM – 0.05% per quarter

Example:

Client A
AUM: S$50K
Platform fee = S$50K x 0.125% = S$62.50

Client B
AUM: S$170K
Platform fee = S$50K x 0.125% + S$120K x 0.11% = S$194.50

Client C
AUM: S$400K
Platform fee = S$50K x 0.125% + S$150K x 0.11% + S$200K x 0.09% = S$407.50

Client D
AUM: S$900K
Platform fee = S$50K x 0.125% + S$150K x 0.11% + S$300K x 0.09% + S$400K x 0.05%= S$697.50

To find out the calculation, you may refer here.