Microsoft word - product hightlights sheet - the savings fund (fair ver)
This Product Highlights Sheet is an important document. • It highlights the key terms and risks of this investment product and complements the Prospectus1. It is important to read the Prospectus before deciding whether to purchase units in the product. If you do not have a copy, please contact us to ask for one. You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks. If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.
THE SAVINGS FUND (the “Fund”) Unit Trust Launch Date 7 July 1965 Singapore Trusts Custodian Managers Trustees Limited P Malayan Dealing Frequency Every Business Day R Trustees Limited Expense Ratio for O the financial year D Guaranteed ended 28 February U C Guarantor T H PRODUCT SUITABILITY I G WHO IS THE PRODUCT SUITABLE FOR? H T only suitable for investors who: L I
seek medium to long term capital growth and recurring income;
seek exposure to a variety of companies listed on the Singapore and Prospectus
are willing and able to accept that their principal will be at risk.
S Investors should consult their financial advisors if in doubt about whether S this product is suitable for them. H KEY PRODUCT FEATURES E E WHAT ARE YOU INVESTING IN? T
You are investing in a unit trust constituted in Singapore that aims to on Pg. 10 of the
achieve medium to long term capital growth by investing in a variety of Prospectus
companies listed on the Singapore and Malaysia Stock Exchanges.
The Fund will invest in a variety of companies listed on the Singapore and Refer to Para. 14 Malaysia Stock Exchanges.
The Fund’s investment approach is a combination of both top-down and Prospectus
The Fund will adopt an active portfolio management style with slight on the investment weighting towards income and value stocks without penalising any growth strategy
The Fund will discipline itself to continuously lock profits in order to build-up its reserve over the long-term period.
1 The Prospectus is available for collection at the Managers’ business address at 8 Robinson Road, #04-00 ASO Building, Singapore 048544 during usual business hours.
Parties Involved WHO ARE YOU INVESTING WITH?
The Managers are Singapore Unit Trusts Limited
The Trustee is British and Malayan Trustee Limited
The Custodian is British and Malayan Trustee Limited
The Registrar is Tricor Barbinder Share Registration Services KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? You should be aware that the price of Units can go down as well as up. Pgs. 13 to 15 of The value of the Fund and its distributions (if any) may rise or fall. The the Prospectus for following are key risk factors that may cause you to lose some or all of further information your investment: Market and Credit Risks P R You are exposed to market risks in the Singapore and Malaysian O D
o The price of securities comprised in the portfolio of the Fund and the
Units may rise and fall in response to changes in the fundamental of the
securities, economic conditions, political conditions and market
C T Liquidity Risks H The Fund is not listed and you can redeem only on Dealing Days I
o There is no secondary market for the Units. All realisation requests
o In addition, you may not realise your Units during any period where
T L You are exposed to liquidity risk I
o The Fund may invest in securities that are thinly traded due to lack of
liquidity or volume. The lack of liquidity could adversely affect the price of the securities should the Fund buy or sell the securities in the open
H T Product-Specific Risks S S You are exposed to currency risk H
o The Fund is denominated in Singapore Dollars. The Fund’s assets and
income will be denominated in a number of different currencies other
than the Singapore Dollar and thus fluctuations in foreign exchange
rates, which are unpredictable, may have an impact on the income and
the valuation of assets in the Fund. The Managers do not intend to
hedge the foreign currency exposure or engage any currency hedging mechanism.
You are exposed to derivatives risk o The Fund may engage in financial derivative instruments (“FDIs”) to
hedge against risks associated with investing. These may include foreign exchange and equity forward or futures contract. Exposure to FDIs may require deposit of margins and if the markets move more or less than the price of the subject of the hedge, the Fund may incur a gain or loss, which may not be completely offset by the movements in the price of the subject of the hedge.
You are exposed to volatility risk o The Fund’s investment in emerging and developing markets may be
more volatile than those in developed markets as some of these smaller markets may be less liquid. The limited liability of these markets may affect the ability of the Fund to acquire or dispose of securities at the desired price and time.
You should be aware that your investment in the Fund may be exposed to other undescribed risks of an exceptional nature from time to time. FEES AND CHARGES Payable directly by you
You will need to pay the following fees and charges as a percentage of on Pgs. 11 and 12 your gross investment sum:
Initial Service Charge o Currently 5% of the Value of the Fund
Maximum 10% of the Value of the Fund represented by one Unit
Maximum 5% of the Value of the Fund represented by one Unit
Exchange Fee Payable by the Fund from invested proceeds P
The Fund will pay the following fees and charges to the Managers, Trustee and other parties:
Currently 1% per annum of the Value of the
D Annual Management U
Maximum 1.75% per annum of the Value of the Fund
C Annual Trustee Fee T H for Based on gross market value of assets and I Custodian and investments held G Accounting Services H T L for Currently I Registrar
maintenance of Register of Holders chargeable
disbursements and expenses reasonably incurred
T S VALUATIONS AND EXITING FROM THIS INVESTMENT S HOW OFTEN ARE VALUATIONS AVAILABLE? H
The indicative selling price and repurchase price will be published one 30, 32, 33 and 34
Business Day after the relevant Dealing Day in the Straits Times, Business on Pgs. 17 to 20 of
Times, Lianhe Zaobao, Teletext, Bloomberg and Reuters (subject to the the Prospectus for
respective publisher’s discretion), and are also obtainable from the
Depending on the respective publication policy of the abovenamed on valuation and newspaper or agencies, prices may not be published daily.
HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? Cancellation of Units
If applicable to you, you may cancel your subscription for Units within 7 calendar days from the date of your subscription or purchase of the Units by sending a cancellation request in writing to the Managers. Any Initial Service Charge paid will be refunded to you. However, you will have to take risk for any price changes in the net asset value of the Fund since you purchased the Units. Realisation of Units You can exit the Fund by submitting a written request to the Managers to repurchase all or any of the Units which you hold.
If your repurchase request is received and accepted by 4 p.m. Singapore time on a Dealing Day, your Units will be repurchased at the repurchase price for that Dealing Day. If your repurchase request is received and accepted after 4 p.m. Singapore time, your Units will be repurchased at the repurchase price for the next Dealing Day. The net realisation proceeds that you will receive are calculated by multiplying the number of Units to be repurchased by the repurchase price, less any applicable realisation charges. An example is as follows:
P R O
The cancellation or realisation proceeds will be paid within six Business Days D
after receipt of the written cancellation or realisation request respectively unless
realisation of Units has been suspended in accordance with the Prospectus.
C CONTACT INFORMATION T
HOW DO YOU CONTACT US? H
You can call us, Singapore Unit Trusts Limited, at 65323761 if you have
queries regarding your investment in the Fund.
Our business address is at 8 Robinson Road, #04-00 ASO Building,
H APPENDIX: GLOSSARY OF TERMS T L
means any day (other than Saturdays, Sundays and public holidays
in Singapore) on which the Singapore Stock Exchange is open for business.
in relation to the issuance, cancellation and realisation of Units
means a charge upon the issue of Units of such amount as the
Managers may from time to time determine generally but which shall
not exceed the maximum charge for the Fund as stated above.
means the nature of the interest issued to investors, being an
undivided share in the relevant deposited property for the Fund which includes a fraction of a Unit.
means the net asset value of the Fund which is the resultant of the total assets of the Fund less the total liabilities of the Fund calculated at 5 p.m. Singapore time on a Dealing Day or such other time as the Managers may from time to time after consultation with the Trustee, determine.
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