Unit Trust

Please refer to this page for information about payment.

Kindly make payment immediately after your order status is confirmed (T+0). Failure to do so may result in your purchase being rejected or force sold by the company at its discretion without notice to you. Phillip Securities Pte Ltd (‘PSPL’) is not liable to you for any losses or damages arising from the exercise of its discretion; and PSPL may recover from you the losses and expenses incurred.

There are ZERO transaction fees (e.g. no sales charge, switching fees) and ZERO ongoing fees (e.g. no platform fees) when you transact Unit Trust online via POEMS. Learn more about zero fees.

We understand that some of our customers value the convenience of investing anytime and anywhere online through POEMS. However, we also understand that some customers prefer having face-to-face meetings with an advisor to provide them with financial advisory services and/or monitor their portfolios. Hence apart from POEMS online, we also have our offline services to provide these financial advisory services to those who need it. A fee may be levied as these advisors are able to provide professional advice that is tailored for your individual investment needs.Find an advisor here.

The cut-off time on standard dealing days is 3pm. Orders placed before 3pm will be processed on the same day. Orders submitted from 3pm onwards, or on non-dealing days (e.g., fund holidays, public holidays), will be processed on the next dealing day. Non-dealing days include weekends and public holidays in the fund’s country of origin. Please consider potential time discrepancies across devices and allow some buffer time when submitting orders.

For some funds/fund houses, the processing date may vary, transactions will be processed on the next working day (T+1) instead of the usual processing schedule.

Restricted or Accredited Investor (AI) Funds may also come with non-standard features such as Lock-up periods, Redemption notice periods and Non-standard Dealing/NAV frequencies. There may also be a significant waiting period for the investment placement, reflection of holdings, and receipt of sales proceeds, after a transaction has been made.

Clients should be aware of the details for subscription, redemption and transfer of shares/units, as provided in the relevant fund literature like the “Private Placement Memorandum”, Prospectus or latest Factsheet where applicable.

You will typically know the price or NAV approximately two working days later, provided there are no public holidays, as Unit Trusts are forward priced.

Certain funds may have Non-standard Dealing/NAV frequencies; in particular, Restricted or Accredited Investor (AI) Funds.

Please refer to the fund’s Product Highlight Sheet or Prospectus where applicable.

There are three possible reasons for a delay in price/NAV of a fund.

1. There may be a Fund Holiday. Pricing of the Fund will resume on the following business day.
2. The Fund has been suspended, and therefore calculation of the daily NAV is also suspended.
3. The Fund is in a “dormant status” and may no longer be taking in new investments.

For cash holdings, settlement will be up to T + 7 business days; and for CPF/SRS (IA Status) holdings, settlement will be T + 5 business days.

Restricted or Accredited Investor (AI) Funds may come with non-standard features such as Lock-up periods, Redemption notice periods and Non-standard Dealing/NAV frequencies. There may also be a significant waiting period for the investment placement, reflection of holdings, and receipt of sales proceeds, after a transaction has been made.

Clients should be aware of the details for subscription, redemption and transfer of shares/units, as provided in the relevant fund literature like the “Private Placement Memorandum”, Prospectus or latest Factsheet where applicable.

Trade almost 2000 funds at 0% sales charge, platform fees, or switching fees. POEMS offers one of the broadest ranges of Unit Trusts available.

You may transfer in your holdings by following the instructions here. Enjoy ZERO transaction fees (e.g. no sales charge, switching fees) and ZERO ongoing fees (e.g. no platform fees) when you transact Unit Trust online via POEMS. You will also be rewarded when you transfer your holdings to us!

*For more information regarding transfer in, please refer to our Transfer In page.

Please click here to view the list of funds excluded from the transfer-in service. We will not be able to accept transfer in of these funds.

1. Opt in on POEMS Web:
   Login > Acct Mgmt > Stocks > Online Forms > Account Application > Excess Funds Management Facility (SMART Park)
2. Opt in on POEMS 3 Mobile App:
   Login > ‘Me’ tab > scroll down to the SMART Park Banner > Click ‘Opt in now’.
3. Opt in via MyWealth App:
   Login > Home tab > SMART PARK banner> Click ‘Explore’

Alternatively, you may contact your Financial Advisor or our call centre at 6531 1555 for assistance.

Expressed in percentage terms, Morningstar’s calculation of total return is determined by taking the change in net asset value, reinvesting all income and capital gains distributions during that month, and dividing by the starting NAV.

The performance data is provided by Morningstar Research Pte. Limited (“Information Provider”).

“Acc” – Accumulation class funds

Accumulation funds are designed to enhance long-term growth by reinvesting any income and interest directly back into the fund rather than distributing them. There is no dividend payout.

“Dis” – Distribution class funds

Distribution funds pay out income, such as dividends/interest received, to investors instead of automatically reinvesting it. Investors can choose between having their dividends paid-out or reinvested at the point of the fund purchase.

To change an existing dividend option, investors can complete the form below.
Dividend Instruction Form U61.pdf

“H” – Currency-hedged funds

These funds use currency hedging to reduce foreign exchange risk. When a fund invests in assets denominated in a different currency than its base currency; the returns can be eroded from exchange rate fluctuations.
The intention of hedging is to protect an investment portfolio from unfavourable currency movements.

Some funds distribute dividends while some funds do not. Funds that distribute dividends either do so in cash value or units. Dividends issued in cash value can be paid out and credited to your account.* If you do not opt for a payout option, the dividends will be re-invested by default.

Dividends that are issued in units will not be received in cash. In this situation, if you require a cash payout, you may sell some or all of these units depending on your requirements.

The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed.

* If you opt for the dividend payout option, dividends will be credited according to the fund source of the investment. For example, paid out dividends for investments under the CPFIS will be credited back to your CPF account.

• Above 18 years of age; and
• Non-U.S. Citizens and non-U.S. Residents

Is eligible to invest in unit trusts.

Below retirement age, a CPF investment cannot be converted into a cash investment. It can only be converted when an investor reaches retirement age and has met the CPF minimum required sum set aside.