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 into 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.

Currency Conversion
If your portfolio is denominated in a different currency from your deposit or withdrawal, Syfe will automatically convert the funds using prevailing market exchange rates at the time of the transaction.
 

Syfe clients enjoy preferential currency conversion spreads of around 0.10% – 0.13%, which is significantly lower than typical bank spreads (usually 0.30% – 0.50%).
 

SEC Regulatory Charges (for US-listed securities)
For Syfe Core and Syfe Thematic portfolios, a small SEC fee of 0.0008% applies to sell transactions involving US-listed securities. This is a regulatory charge collected by the U.S. Securities and Exchange Commission (SEC), not by Syfe.

Income+ fund-level fees
Income+ portfolios are composed of actively managed bond funds, primarily from PIMCO. These funds charge unified management fees, which are reflected in the fund’s net asset value (NAV) and not deducted separately from your Syfe account.

Income+ net fund-level fees
The net fund-level fee is the weighted average of the unified management fees of the underlying funds, after accounting for any trailer fee rebates.
- For institutional share classes, gross and net fees are the same.
- For retail or administrative share classes, Syfe passes 100% of any trailer fee rebates back to clients, effectively lowering the net fee

Trailer fee rebate
A trailer fee is a commission paid by fund managers to intermediaries for distributing their funds. When applicable (typically for retail share classes), Syfe rebates the full amount of these fees back to clients in the Income+ portfolios.