The Cash+ yield presented here is estimated based on the weighted average of the Yield to Maturity ("YTM") of the assets within the discretionary service already net of fund-level fee and trailer fee rebate (if any).
Example calculation: assuming Cash+ has 2 constituent assets as of now - "fund A" and "fund B", with weight of 50% each and YTM of 5.58% and 5.85% respectively. Fund A charge a fund level fee of 0.11% and Fund B charge a fund level fee of 0.27%, net of trailer fee rebate. Hence, Cash+ yield = 50%*(5.58%-0.11%) (YTM of fund A) + 50%*(5.85%-0.27%) (YTM of fund B) = 5.53% p.a. yield.
Cash+ constituent fund's YTM is a weighted average of the YTM of its individual bond (or time deposit) holdings. Yield to Maturity is the expected annual rate of return earned on a bond (or time deposit) under the assumption it is held until maturity. The realized yield may be higher or lower. The yield here is subject to change based on market conditions such as interest rate changes. Yield is not a guarantee of future performance. A positive yield does not imply a positive return. Investments involve risks and Cash+ does not provide any guarantee or assurance of returns.
Please note Cash+ is a discretionary portfolio management service provided. Syfe may alter the constituents and/or rebalance the allocations at any time in accordance with the objective of Cash+. The yield may be impacted as such.