- Important Notes for Transactions
- About FSM Global
- Account
- Fees, Charges & Calculations
- Funds (Unit Trusts)
- Bonds
- Stocks & ETFs
- Managed Portfolios
- Cash Solutions / Parking Facility / Payments
- Regular Saving Plan (RSP) and Top-Up Plan
- Insurance
- FSMOne Debit Card
- Product Financing
- Security and Safety
- Estate Planning
- Others
Funds Charges, Calculations, Dividends
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
GST will be charged for all account holders who are Singapore Citizens / Residents. In other words, so long the nationality or residential address registered under Singapore, the 9% GST will be applicable.
GST will be exempted when investor is not a Singapore Tax Resident and is not residing in Singapore. To update your details, kindly proceed to Account Settings > Account Information.
The GST will be charged on our charges e.g. processing fee, platform fee/management fee, brokerage fee. Please refer to the following example for your reference.
Example 1: Processing Fees
Investment amount: S$100k
Processing Fees: 0.08%
GST: 9%
Processing Fees after GST: (S$100k x 0.08%) + 9% = S$87.20
Example 2: Platform fee
Average AUM for Equity funds: S$50k
Quarterly platform fee: 0.0875%
GST: 9%
Quarterly platform fee after GST: (S$50k x 0.0875%) + 9% = S$47.68
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.
Investors who hold the asset before the Ex-Date will qualify for the upcoming dividend.
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.
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.
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
- Go to My Account > Investment Holdings
- Under “Interest Income / Dividend Payment Method”, click the edit button
- Select your preferred dividend option
- Click “Save”
- Go to Transact > Funds (Unit Trusts)
- Select the fund you wish to purchase and click “Buy”
- Choose your preferred dividend option during the purchase process
- 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.
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".
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.
* Please note that there some exceptional funds with 1 or 2 days lag time for the buy orders to be transacted.
• 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.
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.
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.