This is the fee paid to the investment manager of the unit trust and includes:

• Annual service fee
• Fund’s bank charges
• Fund’s audit fees
• Taxes (e.g. stamp duty, VAT)
• Custodian and trustee fees (custodians and trustees are appointed to protect the interests of the unitholders, and the fees pay for their services)
• Costs related to scrip lending
• Performance fees.

These are necessary expenses that arise from managing and administering a unit trust and include:

• VAT
• Brokerage
• Securities transfer tax (STT)
• Investor protection levy
• STRATE contract fees
• Exchange rate costs
• Bond spread costs
• Fees associated with Contract for Difference (CFDs).

The total investment charge is the sum of the total expense ratio (TER) and the transaction cost (TC).

This fee only applies if you have appointed an independent financial advisor and agreed upon a fee with them.
This fee is charged on a specific product account, and units are sold from the unit trust to pay the independent financial advisor.

This is an administration fee charged on a monthly basis by the LISP (linked investment service provider) for administering your investment account.

* 0.4025% (incl. VAT) is levied on the proportionate value of Sygnia unit trust and ETF funds below R2million.
** 0.1725% (incl. VAT) is levied on the proportionate value of Sygnia unit trust and ETF funds above R2million.
*** 0.00% is levied on the proportionate value of Sygnia unit trust and ETF funds above R10million.

A separate safe custody fee of 0.0345% (incl. VAT) per annum applicable to ETFs will be charged.

Note: We consider all your investments when assessing the R2 million and R10 million threshold, including your investments in External unit trusts, ETF’s and ETN’s. For fees relating to the underlying investment managers, please refer to the Sygnia Alchemy Funds document available on request or online at www.sygnia.co.za.

This is a fee charged per transaction by the stockbroker who executes the transaction. For every transaction on the ETF, a stockbroker fee of 0.207% (incl. VAT) of the value of each transaction will be charged.

There are two – the Investor Protection Levy and the STRATE Settlement Fee.

The Investor Protection Levy of 0.0003795% (incl. VAT) is charged by the Johannesburg Stock Exchange (JSE) on all trades and protects investors against market manipulation and insider trading.

Every time you buy or sell a share, the transaction is settled electronically by a company named STRATE. Without this settlement, the transaction could not take place. For providing this service, STRATE charges an electronic settlement fee of 0.0069207% (incl. VAT) of the value of each transaction.

A charge associated with the safekeeping of your investments, particularly when you are invested in Exchange Traded Funds (ETFs). At Sygnia, this fee is 0.0345% (incl. VAT). It is applied to cover the costs of holding and securing your ETF investments within the financial system.

Investment management fees are charges paid to investment managers for managing your portfolio. They cover the costs of selecting and overseeing assets such as stocks, bonds, or other securities within a fund.