Bid is the price at which you sell your unit trusts (the fund manager "bids" for your units at this price).

Offer is the price at which you buy an unit trusts (the fund manager "offers" to sell you the units at this price).

The Net Asset Value (NAV) is the market value of a unit trust's total assets, minus liabilities, divided by the number of units or shares outstanding. So it is the price per unit of the fund. It is uses to determine the prices for buying and selling units.

Note:
Unit trusts available on FSM Global are using NAV (single) pricing method.

Units are derived from investment amount divided by unit trust's NAV price.

 

Example:

NAV price: $0.95

Investment amount: $10,000.00

Units entitled: 10,526.32

Weighted Average Cost (WAC) in your ‘View Holdings’ table is the actual cost per unit (or in other word, the breakeven price) of your holding after taking any charges into consideration.

Calculation of WAC is gross amount invested divided by the number of units.
 

Note:

Dividend reinvestments will increase the number of units in your holdings but do not increase the cost of investment, as dividends are not considered a new injection of funds by the investor. As a result, reinvested dividends may reduce the Weighted Average Cost (WAC) over time.

The Ex-Date (Ex-Dividend Date) is the date used to determine an investor’s eligibility for a declared dividend or distribution.
Investors who hold the asset before the Ex-Date will qualify for the upcoming dividend.

The Pay-Date is the date on which the issuer or fund manager releases the dividend or distribution to eligible holders.

The default of dividend method is pre-determined by FSM Global.

For Cash investments

1) Reinvest:
The dividends will be reinvested in the form of additional units in your relevant holding. It will reflect under your historical transactions as a purchase, hence you will see additional units in your fund holdings.
You will also receive email notification and dividend statement in FSM Global Inbox with regard to the transaction.
All dividend reinvestment will not result in an increase in the cost of investment. The rationale for doing so is that dividend is not an injection of new monies by the investors as such it should not increase the cost of investment. By not reducing the cost, the weighted average cost as a result decreases with every dividend reinvestment.

2) Deposit into Cash Account:
If you did not opt in to Auto-Sweep, the dividends will be deposited into your FSM Cash Account in accordance to the fund currency upon payout.
If you opted in to Auto-Sweep Account, your dividend in SGD will be automatically invested in Auto-Sweep Account ONE business day after you received it. Non-SGD dividend will still be credited into the respective currency Cash Account.

For Non-Cash investments

Dividends declared for CPF-OA / CPF-SA / SRS investments under Non-IA status shall be credited into the account holder's respective CPF-OA / CPF-SA / SRS account, by default. In cases where the relevant fund's terms and conditions specify or permit the re-investment of dividends, dividends declared shall be re-invested into the relevant fund.

Dividends declared for CPF-OA / CPF-SA / SRS investments under IA status shall be re-invested into the relevant fund, by default. In cases where the relevant fund's terms and conditions specify or permit the payout of dividends, dividends declared shall be credited into the account holder's respective CPF-OA / CPF-SA / SRS account.

You may change the dividend option for your Unit Trust holdings. However, the available dividend options depend on the investment mode:

Cash investments: You may choose either Dividend Reinvestment or Dividend Payout
CPF/SRS investments: Dividends will be automatically reinvested and cannot be changed to payout

You can update the dividend option for eligible cash investments through the following methods:

Option 1: Via the View Holdings page

1. Go to My Account > Investment Holdings
2. Under “Interest Income / Dividend Payment Method”, click the edit button
3. Select your preferred dividend option
4. Click “Save”

Option 2: During an online fund purchase

1. Go to Transact > Funds (Unit Trusts)
2. Select the fund you wish to purchase and click “Buy”
3. Choose your preferred dividend option during the purchase process

Important Notes:

• If the update is made on or after the dividend ex-date, the new dividend option will only take effect from the next dividend payout onwards.
• Dividend option changes are applicable only to cash-based Unit Trust investments.
• For CPF and SRS Unit Trust investments, dividends are strictly set to reinvestment.
• Dividends from stocks and ETFs will be credited to your Cash Account (or Auto-Sweep account, if enabled).
• You can view your current dividend option anytime via your FSM Global account using the steps above.

You may view general information on upcoming dividends and fund-related announcements by going to My Account > Corporate Actions and click on "Upcoming Dividend".

This page provides updates published by fund managers, including expected dividend schedules and fund announcements. Please note that the dividend information displayed is for reference only, as the final ex-date will be confirmed and updated by the fund house in the fund factsheet after the ex-date and before the pay-date.

You may find the historical dividend records in your account by logging into your account.

Dividend by ‘Cash Payout’ and 'Deposit into Cash Account' methods:
My Account > Profit & Loss Snapshot > Unit Trusts > Click on (+) Cash Dividend Payout.

Dividend by ‘Reinvestment’ method:
My Account > Historical Transactions > Filter with ‘Dividend/Interest/Bond Payment" from "Transaction Type".

Dividend amount ($) = Number of units x Dividend rate per unit ($)

Reinvestment units = Dividend amount/ Reinvest price

Note: Both dividend rate and reinvestment price are determined by the fund managers. Historical records of dividends declared can be viewed under the ‘Investment Info’ section on the fund factsheets.

No, you will not be entitled to the dividend payout if we transact your unit trusts buy order on the Ex-Date.

You will still be entitled to the dividend payout if we transact your unit trusts buy order 1 business day before the Ex-Date.

* Please note that there some exceptional funds with 1 or 2 days lag time for the buy orders to be transacted.

Yes, you will still be entitled to the unit trusts dividend payout if you sell on or after ex-date but before pay-date.

The crediting of dividends varies depending on the product and its respective market:

• SGX-listed Stocks and ETFs
Dividends are typically credited on the Pay-Date.

• Overseas-listed Stocks and ETFs
Dividends are generally credited within 2 business days after the Pay-Date.

• Unit Trusts and Bonds
Dividends or distributions are typically credited within 5 business days after the Pay-Date.

An email notification will be sent once the dividend has been credited to your FSM account.

Yes. All capital gain and dividend from Unit Trusts in Singapore are tax exempted. Pursuant to Budget 2004, they should be fully exempt from income tax with effect from January 2005.

Some funds are a feeder fund structure and so, they are funds that buy into a mother fund that is based overseas. These mother funds have their own layer of fees, including management fees. However, most fund houses have various arrangements that cap the fees at the mother fund level (or rebate them to the feeder fund), so that you don't overpay for the feeder fund structure.

As the annual management charge is part of the annual expense ratio, you do not need to fork out extra for this charge as it will be deducted from the daily NAV price.

You may find the upcoming public/fund holiday on the respective fund factsheet under ‘Fund Holidays’ section, which is located at the bottom of the page. Alternatively, the relevant information could be found at Funds > Holiday Calendar.

Note: There will be no pricing/trading on Singapore Public Holidays and Fund Holidays declared by the individual fund managers. Pricing/ trading of the funds will be resumed on the following business day.