|
|
etfSA INVESTOR SCHEME®
|
|
Investor who utilize the etfSA Investor Plan platform to
transact in ETFs pay a composite annual fee which covers the administration
of their accounts, including: registration and custodianship of ETF
securities; reinvestment of dividends; client reporting; issue of tax
certificates; usage of the etfSA transaction platform; and compliance.
The annual fee covers the services of Automated Outsourcing Services (Pty)
Ltd (AOS) (the administrators) and etfSA, the Financial Services Provider.
There are no other fees other than transaction fees.
Annual administration fee: (calculated daily and deducted quarterly)
|
|
|
FEE SCHEDULE - applicable to all ETFs/ETNs (ETPs) in the etfSA Investor
Plan
|
Annual administration fee (calculated daily and deducted quarterly):
Total
Investment Per Fund |
Fee |
R0 to R500 000 |
0.65% |
R500 000 to R1 000 000 |
0.50% |
R1 000 000 or more |
0.35% |
The fee is calculated daily and deducted on a quarterly basis from
dividends and other income in your account. The fee is calculated on the
total sum invested per client and not per ETF fund.
|
|
Transaction Fees
|
- Stock brokerage fees 0.08% (buying and selling) and Nominal JSE/Strate
and Investor Protection fees (plus VAT) will be charged.
- All fees quoted are exclusive of VAT. VAT will be levied where
applicable.
- A percentage (18.75%) of the administration fee which forms
part of the annual administration charge is paid by the administrator to
etfSA Investor Plan. This marketing fee is not an additional charge, it
forms part of the annual administration fee of 0.35% to 0.65%.
The Investor, or where applicable, their authorized signatory, by
appending their signature to the application form states and declares that
he/she has read and understood the terms and conditions pertaining to this
investment product and the investment media selected and warrants that such
authorisation shall form the basis of the contract, which is to be entered
into with Automated Outsourcing Services (Pty) Ltd.
|
|
etfSa.co.za Disclaimer
|
The Exchange Traded Products (ETPs) contained herein are Collective
Investment Schemes in Securities (CIS)and/or JSE listed securities which
are generally medium to long-term investments that contain elements of risk
and can be affected by market values, interest rates, exchange rates,
volatility, dividend yields and issuer credit ratings.
The price of ETFs/ETNs can go up as well as down and past performance is
not necessarily a guide to the future. The ETPs herein are listed on the
Johannesburg Stock Exchange Limited and trading in ETP securities will
incur trading and settlement costs. ETP securities are traded at ruling
prices and can engage in scrip lending.
The information and opinions provided herein are of a general nature and do
not constitute investment advice. Whilst every care has been taken, no
representation, warranty or undertaking, expressed or implied, is given as
to the accuracy or completeness thereof.
All opinions and information on this website may be changed at any time
without notice. etfSA.co.za is the trading name of M F Brown, which is a
registered Financial Services Provider (FSP No. 39217). etfSA.co.za is
licensed to provide financial services in the following categories:
Collective Investment Schemes; Shares and Securities; Retail Pension Fund
Benefits; short-Term deposits; and Friendly Society Benefits. Professional
Indemnity Insurance is maintained.
|
|
|
|