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Parking Tools January 24, 2011
Author : Fundsupermart.com

Fundsupermart's Parking Facility Fund

Park your monies in one of our parking tools and you can buy funds instantly at Fundsupermart.com.

Features of a parking facility fund (PFF):

  1. No lag time! Investors who buy into other unit trusts and choose a PFF as the payment method will be able to transact at that day's price.
  2. Investors are able to invest into other unit trusts by indicating the absolute investment amount instead of calculating the number of units to be invested. For example, you can choose to buy Fund A using $10,000 from your PFF, instead of having to specify how many units from the fund you wish to use.
  3. Investors can choose to have proceeds from a fund sale placed directly into the PFF.
  4. First priority in terms of platform fee deduction, followed by the best-performing fund.


DESIGNATED Parking Facility Funds (PFF)

Fundsupermart has selected three funds to be used as Parking Facility Funds:


  1. Cash Fund
  2. Nikko AM Shenton Short Term Bond Fund S$
  3. Nikko AM Shenton Short Term Bond Fund AUD-hedged

Cash Fund SGD Nikko AM Shenton Short Term Bond (S$) Nikko AM Shenton Short Term Bond (AUD hedged)
Investment Objective Provide liquidity and a return comparable to that of Singapore-dollar savings deposits. The Fund will predominantly hold its assets in Singapore-dollar deposits with  varying terms of maturity of not more than 366 calendar days. Seeks preservation of capital, liquidity and consistent with these objectives, to outperform the SIBOR by investing in a diversified portfolio of good quality, short-term bonds and money market instruments. Seeks preservation of capital, liquidity and consistent with these objectives, to outperform the SIBOR by investing in a diversified portfolio of good quality, short-term bonds and money market instruments. Lastly, to provide yield enhancement to fixed deposit returns.
Asset Class Money Market Short Duration Short Duration
Pricing method Historical Pricing Forward Pricing* Forward Pricing*
Net Interest Rate / Yield* (annualised) Latest figures available here
Risk Rating 0 - No Risk 1 - Lower Risk 2 - Low Risk
Min. Initial Investment Amount SGD 500 SGD 500 SGD 7,500 / AUD 5,000
Min. Subsequent Investment Amount SGD 500 SGD 250 SGD 750 / AUD 500
Min. RSP Amount SGD 100 SGD 100 SGD 750
Min. Holding Nil Nil AUD 500
Min. Redemption SGD 50 Nil AUD 100
Included under CPFIS OA / SA / SRS OA - No, SA - No, SRS - Yes OA - Yes, SA - No, SRS - Yes OA - No, SA - No, SRS - No
FSM Sales Charge 0%
FSM Switching Charge (Same Tier) 0% for same tier, 0.5% from low to high tier fund
Management Fee 0.32% p.a. 0.3% p.a. 0.5% p.a.
FSM Platform Fee# 0.05% per quarter on cash / SRS investments only

*Note: Investors can only use up to 98% of the current Nikko AM Shenton Short Term Bond Fund holdings to make same day transactions if used as the payment method. 2% is set aside as a buffer for any differences due to forward pricing.
#The Nikko AM Shenton Short Term Bond Fund (S$) will take first priority in terms of deduction for platform fee deductions, followed by Cash fund, and then the best performing fund.



Related articles

Cash Fund or Nikko AM Shenton Short Term Bond Fund?
Click here to view the Historical Interest Rate/Yield
FAQ on Parking Facility Fund

Disclaimer:
This advertisement is not to be construed as an offer or solicitation for the subscription, purchase or sale of any fund. An investment in the fund(s) is subject to investment risks, including the possible loss of the principal amount invested. No investment decision should be taken without first viewing a fund's prospectus, which is available from the fund manager or www.fundsupermart.com. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. The value of units and the income from them may fall as well as rise. Investors may wish to seek advice from a financial adviser before making a commitment to invest in units of a fund. In the event an investor chooses not to seek advice from a financial adviser, he/she should consider whether the fund is suitable for him/her.