When investing in Unit Trusts through FSM Global, you may encounter the following charges:

1. Sales Charge / Initial Charge
   • Normally, equity funds have a sales charge of around 5%, while bond funds are typically around 3%. Some fund prospectuses also state an initial charge (often up to 5%) set by the fund house.
   • FSMOne does not impose any sales or initial charges, so you do not pay these fees when investing with us—allowing you to enjoy significant cost savings.
2. Annual Expenses of the Fund
   • These are charged by the fund manager and include annual management fees and administrative costs of running the fund.
   • You do not pay these fees out-of-pocket; they are deducted from the fund’s Net Asset Value (NAV). Expense ratios typically range from 0.5% to 6%.
3. Platform Fee (Cash & SRS Holdings)
   • To cover ongoing operational and transactional expenses, FSM Global charges a platform fee on your Unit Trust holdings, accrued daily and deducted quarterly.
     • Fixed Income holdings: 0.05% per quarter
     • Other fund holdings (first S$300,000): 0.0875% per quarter
     • Other fund holdings (above S$300,000): 0.05% per quarter
   • W.e.f 1 July 2021, Diamond clients enjoy 0% platform fees for ALL Unit Trust holdings (Cash & SRS), subject to the Diamond Tier qualifying period. Click here to find out more.

When investing in MAPS through FSM Global, you may encounter the following charges:

1. Processing Fee
   • There is no processing fee/ sales charge incurred upon MAPS subscription or redemption.
   • A counterparty charge of up to 0.03% plus exchange fees (including GST) applies to ETF transactions for MAPS subscriptions, redemptions, and portfolio rebalancing.
2. Management Fee (accrued daily and deducted quarterly)
   • Conservative Portfolio: 0.0875% per quarter
   • Other Portfolio: 0.125% per quater

*All fees and charges quoted are exclusive of GST.
*For more details on the charges when investing in MAPS with FSM Global, you can view at Explore > Pricing Structure or click here.

1. Processing Fees
   • Bond Express / Over-the-Counter (OTC) Bond Trades
     • Wholesale / Retail Bonds: 0.35% of the trade value or a minimum of SGD 10 (or its equivalent in the respective currency).
     • US Treasuries, Singapore Treasuries, Government Bonds (e.g. Malaysia, UK), and SGS Bonds: 0.10% of the trade value or a minimum of SGD 10 (or its equivalent in the respective currency).
   • Bondsupermart Live Trades
     • Wholesale / Retail Bonds: 0.2% of the trade value or a minimum of SGD 1.88 (or its equivalent in the respective currency).
     • US Treasuries, Singapore Treasuries, Government Bonds (e.g. Malaysia, UK), and SGS Bonds: 0.10% of the trade value or a minimum of SGD 1.88 (or its equivalent in the respective currency).
2. Platform Fees (accrued daily and deducted quarterly)
   • Wholesale Bonds, US Treasuries, and other Government Bonds (excluding SGS): 0.05% per quarter of your bond value.
   • SGS and Singapore Treasury Bills (T-Bills): 0.025% per quarter of your bond value.

1. Processing Fees
   • Charges vary depending on the exchange where the stock or ETF is traded.
   • Please go to Explore > Pricing Structure or click here to view the detailed processing fees.
2. Platform / Custody Fees
   • There are no platform fees or custody fees for holding Stocks and ETFs with FSM Global.

When deposit in Auto-sweep through FSM Global, you may encounter the following charges:

1. Processing Fee
   • There is no processing fee/ sales charge incurred upon deposit or withdraw from auto-sweep.
2. Management Fee (accrued daily and deducted quarterly)
   • 0.05% per quarter

*All fees and charges quoted are exclusive of GST.
*For more details on the charges when deposit in Auto-sweep with FSM Global, you can view at Explore > Pricing Structure or click here.

Chargeable AUM is the total value of holdings that are deductible for platform/management fees, i.e. Cash and SRS (IA) holdings whereas Non Chargeable AUM is referring to total asset value under your account including SRS (non IA), CPF-OA and CPF-SA holdings.

Example:

Client A has bought Fund A at S$1 per unit for S$100,000 on 1 Sept 2010. “Total AUM for period” will start from 1 Sept 2010 until last day of the quarter i.e. 30 Nov 2010.

Indicative value of AUM on 1 Sept for price at S$1 is S$1 x 100,000 units = S$100,000
Indicative value of AUMon 2 Sept for price at S$1.01 is S$1.01 x 100,000 units = S$101,000
Indicative value of AUM on 3 Sept for price at S$1.04 is S$1.04 x 100,000 units = S$104,000
Indicative value of AUM on 4 Sept for price at S$1.09 is S$1.09 x 100,000 units = S$109,000
......
Indicative value of AUM on 29 Nov for price at S$1.07 is S$1.07 * 100,000 units = S$107,000
Indicative value of AUM on 30 Nov for price at S$1.06 is S$1.06 * 100,000 units = S$106,000

Hence the total “Total AUM for period” for that particular quarter is as following.

Total Average Daily AUM = (S$100,000 + S$101,000 + S$104,000 + S$109,000 + ... ... + S$107,000 + S$106,000) / 91 days for Sept 2010, Oct 2010 and Nov 2010

Example:

• Average Daily AUM for Fund A cash holdings = S$15,000.00
• Average Daily AUM for Fund B SRS (IA) holdings = S$15,000.00
• Total chargeable Average Daily AUM for the above = S$30,000.00

  The quarterly platform fees flat rate for Fixed Income holding: 0.05% per quarter

  Platform Fees for Fund A cash holdings = Average daily AUM x 0.05%
  = S$15,000.00 x 0.05%
  = S$7.50

  Platform Fees for Fund B SRS (IA) holdings = Average daily AUM x 0.05%
  = S$15,000.00 x 0.05%
  = S$7.50

  Platform fees for Fixed Income holdings: S$7.50 + S$7.50 = S$15.00 per quarter

The fees you pay vary with the amount of your holdings.

• 0 – S$300K AUM – 0.0875% per quarter
• > S$300K AUM – 0.05% per quarter

  Example:

  a.) FIRST tier S$0 – S$300K AUM

• Daily Average AUM for Fund A cash holdings = S$20,000
• Daily Average AUM for Fund B SRS (IA) holdings = S$10,000
• Total chargeable daily average AUM for the above = S$30,000

  As the AUM falls into 1st tier 0 – S$300K AUM, the platform fee is 0.0875% per quarter.
  
  Platform fee rate for Equity fund holdings: 0.0875%
  Total Platform fee payable: S$30,000 x 0.0875% = $26.25 per quarter

  b.) SECOND tier > S$300K AUM

• Daily Average AUM for Fund A cash holdings = S$200,000
• Daily Average AUM for Fund B SRS (IA) holdings = S$140,000
• Total chargeable daily average AUM for the above = S$340,000

  As the AUM falls into 2nd tier > S$300K AUM and hence the platform fee is as following.
  
  Platform fee rate for first S$300K Equity fund holdings: 0.0875%
  Platform fee rate for the next S$300K Equity fund holdings: 0.05%
  
  Platform fee on the first S$300,000 = 0.0875% x S$300,000 = S$262.50
  Platform fee on the remaining S$40,000 = 0.05% x S$40,000 = S$20

  Total Platform fee payable = S$282.50 per quarter

  The aggregate platform fee rate for the total portfolio in this case = S$282.50 / S$340,000 x 100% = 0.08308%

Platform fee is accrued daily and deducted quarterly. It is calculated based on:

1. Bond holdings under one account,
2. Combined Unit Trust holdings of all FSM Global accounts under the main account holder, inclusive of any beneficiary account holdings.

The platform fee will be deducted from your holdings after the end of each quarter. The quarter ends on the last day of February, May, August, and November.

In summary, the platform fee of Cash and SRS holdings respectively will be deducted from the following sequence:

1. FSM Cash Account (SGD), OR
2. SGD Auto-Sweep Account, OR
3. AMOVA SHORT TERM BOND SGD (FORMERLY NIKKO AM), OR
4. EASTSPRING SGD CASH FUND A SGD, OR
5. Best Performing fund

Note:
- Quarterly platform fees will be deducted using only one of the methods listed above. If the fee exceeds the balance in the Cash Account, it will be fully deducted from the next available method (e.g., Auto-Sweep Account, and so on). The full quarterly fee will be deducted in a single transaction.
- For methods 2 to 5, the number of units to be deducted will be based on the price as of the last working day of the billing quarter. If that price is unavailable at the time of deduction, the latest available price will be used instead.
- A pro-rated platform fee may be incurred in the event of a full sell or transfer-out, and it will be deducted using methods 1 or 2. If there are insufficient funds, the fee will be deducted from the proceeds of the sold or transferred holdings.

1. FSM Cash Account (SGD), OR
2. SGD Auto-Sweep Account, OR
3. AMOVA SHORT TERM BOND SGD (FORMERLY NIKKO AM), OR
4. EASTSPRING SGD CASH FUND A SGD, OR
5. Best Performing fund

If you transfer a portion of your Unit Trust/Bond holdings only, then the platform fee will continue to be accrued based on your remaining holdings, and deducted at the end of the quarter as per normal.

Administrative costs apply for account statements, confirmation note, letters, and/or reports requested in printed form or sent via email. 

The applicable fees vary depending on the age of the statement, confirmation note, letter, or report requested:

• Within 1 year from the request date: S$20 per copy per month
• Between 1 to 3 years from the request date: S$30 per copy per month
• More than 3 years from the request date: S$50 per copy per month

Example:
If you request monthly statements from January 2017 to December 2017 in January 2026, the statements are more than three years old. The total charge will be:
12 months × S$50 = S$600

You may view or download these documents from the FSM Global Inbox page without incurring any administrative cost.