StashAway Simple™'s projected returns are driven by the rate of returns of its underlying investments, net of all expenses and rebates from the fund managers.
StashAway Simple™ allocates 50% of its assets to the LionGlobal SGD Money Market Fund SGD Class A ("MMF") and 50% to LionGlobal SGD Enhanced Liquidity Fund SGD Class I Acc ("ELF").
The math on the projected rate of returns is quite straightforward: StashAway Simple™ returns are the sum of the amortised yield from the underlying funds, minus fees charged by the fund managers, plus any rebates from the fund managers.
We'll review the projected rate weekly, and if there is a change in the return of more than 0.2% from the projected rate, we will notify our customers.
Even though we receive weekly updates of the respective funds' yields, we will only update the numbers here should the stated projected rate change. In the case that one (or both) of the fund's projected returns changes, we may decide to rebate you an additional amount in order to deliver the stated projected rate (in 3 decimals) at the time.
The Total Expense Ratio (TER) for each fund includes the Management Fee charged by the Fund Manager, as well as other expenses incurred by the Fund (e.g., custody, marketing, compliance, shareholder services); as the TER includes fixed costs, it may slightly vary depending on the size of the funds.