Untitled Document
Licensed dealer and Financial Adviser   CPFIS Registered Investment Administrator
fundsupermart.com
 
View Interest and Fx Rates
NET INTEREST RATE ON PARKING FACILITY FUNDS AND USD CASH ACCOUNT

Net Interest Rate/ Yield as at Saturday, May 25, 2013 3:42:17 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)
USD Cash Account May 22, 2013 0.000%** Rate based on one month USD SIBID† less a total fee of up to a maximum of 0.60 %

^ 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.

** - The net interest rate refers to the interest rate you will enjoy on your FSM Cash Account.
     This is net of FSM annual admin fee of up to a maximum of 0.25%.

† - SIBID refers to the Singapore Interbank bid rate of an approved bank in Singapore.

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.

The USD Cash Account's Net Interest Rate**

The net interest rate indicated for USD Cash Account is one-month USD SIBID (Singapore Interbank Bid Rate), less a total fee (inclusive of FSM admin fee) of up to a maximum of 0.6%. This is after deducting FSM annual admin fee of up to a maximum of 0.25%. The interest income is accrued daily but paid quarterly into the USD Cash Account.

FSM consolidates the monies of all investors' cash in the cash account and deposits it with an approved bank in Singapore. Acting as an aggregator, FSM is able to provide our customers with interest rates pegged to the interbank market, which tends to be significantly higher than bank savings account rates. The source of this money is from interest paid out from banks and not from FSM.

Please note that the interbank rate changes from day-to-day. Hence, the rate that investors will get changes as well. Although the net interest rate indicated on the website is an annual rate, you will not be locked into any one particular interest rate for one year as compared to say a one-year fixed deposit. This is because it accrues and changes daily according to SIBID interest rate movements.

The net interest rates shown are indicative because we will only know the actual interbank rate after we have consolidated all our orders. Hence, rates shown on the website are our latest updated rates (and these will typically be the net interest rate from the day before).

Indicative Foreign Currency Exchange Rates as at Saturday, May 25, 2013 3:42:17 PM SGT
Indicative Currency Rate as at Bid/Offer #
AUD Fx Rate as at
May 23, 2013
Bid (Investor Sells): AUD 1.00 = SGD  1.211900
Offer (Investor Buys): AUD 1.00 = SGD  1.230300
USD Fx Rate as at
May 23, 2013
Bid (Investor Sells): USD 1.00 = SGD  1.259100
Offer (Investor Buys): USD 1.00 = SGD  1.275494
EUR Fx Rate as at
May 23, 2013
Bid (Investor Sells): EUR 1.00 = SGD  1.618300
Offer (Investor Buys): EUR 1.00 = SGD  1.641901
# - FX rates are shown in SGD terms.

About the Exchange Rates shown above:
Investors have the option to invest SGD into unit trusts which are denominated in other currencies as well as USD cash account, or vice versa. What happens is that FSM will convert your payment or redemption proceeds into the required currency for you.

The exchange rates shown above are based on the rates of the last available transaction date and are indicative in nature. The exchange rates will not be displayed in the event that no such transaction and conversion are available on a given business day.

The "offer" exchange rate: This refers to the exchange rate that FSM will offer to investors when we convert your monies from SGD to other currencies.

The "bid" exchange rate: This refers to the exchange rate that FSM will bid to investors when we convert your monies from other currencies to SGD.

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

Click here to find out more regarding the Cash Fund.