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View Net Interest Rates / Yields
NET INTEREST RATE / YIELD ON PARKING FACILITY FUNDS

Net Interest Rate/ Yield as at Saturday, May 25, 2013 5:20:53 PM SGT
Name Rate Date Net Interest Rate/Yield Remarks
Nikko AM Shenton ShortTerm Bond(A$) May 17, 2013 3.47%^ Rate based on the Net Yields to Maturity (net of expense ratio and platform fee)
Nikko AM Shenton ShortTerm Bond(S$) May 17, 2013 1.45%^ Rate based on the Net Yields to Maturity (net of expense ratio and platform fee)
Cash Fund May 22, 2013 0.135%* Rate based on the annualized Net Interest Rate (net of expense ratio and platform fee)

^ - The net yield on the Nikko AM Shenton ShortTerm Bond (updated weekly) is annualized and derived from the Net Yields to Maturity. The latest expense ratio and the FSM platform fee has already been taken into account and deducted from the gross yield to derive this Net Yield to Maturity.

* - The net interest rate on the Cash Fund is annualized and derived from the interest earned on the underlying instruments. The net interest rate is based on the average rate over the last 10 business days. This is net of the fund’s expense ratio of not more than 0.35% and FSM platform fee.

About Nikko AM Shenton ShortTerm Bond(A$)
The Nikko AM Shenton ShortTerm Bond(A$) fund is the same fund as the original, and is essentially the same underlying fund, but with a new AUD hedged share class. The main reason why the fund is able to achieve a higher yield than the original SGD class is because of forward contracts which capture the difference between the high interest rates in Australia and the low interest rates in Singapore. This results in an immediate forward gain as shown in the above table which is added to the yield of the fund. The fund is exposed to AUD currency risk.

Click here to find out more about AUD-hedged class.

About Nikko AM Shenton ShortTerm Bond(S$)
Nikko AM Shenton ShortTerm Bond(S$) is one of the Parking Facility Funds at Fundsupermart. It facilitates online transactions of unit trusts where investors are able to invest unit trust using Nikko AM Shenton ShortTerm Bond (S$) without any lag time. The fund seeks to preserve capital and liquidity, and to outperform the SIBOR. It invests in a diversified portfolio of good quality, short-term bonds and money market instruments. If there is a fund on our platform that can be deemed to be a ‘Cash Fund Plus’ type of fund, the Nikko AM Shenton ShortTerm Bond(S$) will be one of the closest. It potentially earns higher returns than the Cash Fund while still having relatively low risk levels.

The Nikko AM Shenton ShortTerm Bond(S$)'s Net Yield to Maturity^

The net yield on the Nikko AM Shenton ShortTerm Bond (updated weekly) is annualized and derived from the Net Yields to Maturity. The latest expense ratio and the FSM platform fee has already been taken into account and deducted from the gross yield to derive this Net Yield to Maturity.

Click here to find out more about Nikko AM Shenton ShortTerm Bond(S$)

Read “Interpreting Yields for Bond Funds” to understand more about the difference in yield to maturity on a bond and yield to maturity on a bond fund.

Click here to view the historical net yields for the past 3 months.

About Cash Fund
The Cash Fund is a cash deposit fund exclusive to Fundsupermart which facilitates online transactions of unit trusts and SGS Bonds. It is professionally run by a Fund Manager - Prudential Asset Management (Singapore) Limited. Monies from investors are all consolidated into the fund, and the Fund Manager places out the monies in various fixed deposits with different tenures ranging from overnight and up to 12 months with several banks.

The Cash Fund's Net Interest Rate*

The 'net interest rate' of the Cash Fund is derived from the underlying deposits in which the fund invests, after deducting an expense ratio of not more than 0.35% and FSM platform fee.

The daily unit price of the fund will depend on the interest rates offered by the various underlying bank deposits which the fund invests into.

Click here to view the historical interest rates up to past 15 days.

Click here to find out more regarding the Cash Fund.