a) FSMOne’s Fee

i.) Sales Charge
All equity fund sales charge for cash investment are charge at 1.5%. From time to time, our investors enjoy promotional sales charge. The sales charge is applied when you purchase a fund.

ii) Platform Fees (0.05% per quarter)
The platform fee is only applicable to bond funds purchased using cash. It does not apply to bond funds purchased using EPF monies and PRS funds. It will be calculated on a daily average market value of bond funds and deducted on a quarterly basis.

b) Fund Manager's Fees

The Fund Manager's Fees will be the annual expense of the fund includes annual management fee, trustee fee and other administrative and marketing expenses.

However, you do not have to fork out additional money to pay for the funds’ annual expenses to the fund manager. The expenses have already been accounted for on a pro-rated basis before the fund price (Net Asset Value) is published daily.

You may also refer to our pricing structure here.

Formulas:

Net Investment Amount = Gross Investment Amount / (100% + Sales Charge %)

Units = Net Investment Amount / (Fund Price)

Example:

Weighted Average Cost (WAC) in your holdings table is the actual cost per unit (or in other words, the breakeven price) of your fund after taking sales charges into consideration.

Formula:

WAC = Gross Investment Amount / Total Number of Units

As the gross amount takes into account of sales charges that you pay when you purchased the fund, hence the WAC will be higher than your purchase price.

This is the date on which the investors will be entitled to a recently announced income distribution if he or she still holds the fund.

Income Distribution method is pre-determined by FSMOne.

On behalf of you, all distribution of income (if any), will be reinvested in units of the relevant fund by FSMOne.

Firstly, you will see a drop in the fund’s NAV. At the same time, there will be a distribution icon beside the fund name under your holdings.

Before the units are reinvested for you, you will see a temporary decrease in your profits %.

When the income distribution process is completed, you will see additional units in your fund holdings and the temporary decrease in your profits will normalize. You will also receive a statement via email after we have allocated the units into your holdings.

Generally, the fund house would require 2-4 weeks from the fund's ex-date to allocate the units to us.

Upon receiving the units from fund house, we will reinvest the income distribution in additional units into the fund. An email will send to notify you once we allocate the units into your holding.

The reinvestment process will not cause an increase in the cost of investment as income distribution is not an injection of new monies by investors. As a result, the weighted average cost will decrease after we allocate the additional units to you.

You can view the historical records of income distribution at the respective fund factsheets under Information >> Historical Income Distribution >> View History.

Your income distribution payout history is available via Transaction History >> Historical Transactions.

The income distribution amount and reinvestment price are determined by fund managers.

Formula:

Units reinvested = Income Distribution Amount / Price Reinvested