ETF Management Fees (For ETF portfolios)
The ETF management fee across our Syfe Core portfolios averages 0.15 - 0.24%. For an ETF management fee of 0.15%, this amounts to around US$1.50 per US$1,000 invested each year. The fee is charged by the ETF manager and built in to the prices of the ETFs that we buy on your behalf.
Since it is not charged by Syfe, you will not see the ETF management fee deducted directly from your Syfe account.
There is a 0.09% fee for currency conversion charged by our broker, SAXO Markets, on the amount converted. This is applicable on SGD transfers made to Syfe Core portfolios where we need to buy or sell US dollars to trade US securities in your account.
To understand more about currency conversion and your portfolio, please read more here.
The US Securities and Exchange Commission (SEC) charges a very small fee of 0.0008% on sell trades. This fee applies to our Syfe Core portfolios for sell transactions only.
SGX clearing and trading access fees (For REIT portfolios)
The Singapore Exchange (SGX) charges clearing and trading access fees for trades executed on the SGX. These fees apply to our Syfe REIT+ portfolio only. SGX clearing fees are 0.0325% of the contract value and SGX trading access fees are 0.0075% of the contract value.
Goods and Services Tax
Syfe has been a GST-registered entity since March 2022, and to-date, we have been absorbing the GST applicable to the services we provide to you. From 1 June 2023, Syfe will begin charging GST on Annual Management Fees.
GST is charged on your Annual management fee for all managed portfolios and is subjected to prevailing GST, where applicable, from 1 June 2023.