Phillip SGX APAC Dividend Leaders REIT ETF *Official* (SGX: BYJ/BYI)

Android user

Senior Member
Joined
Nov 22, 2012
Messages
2,419
Reaction score
0
Problem is there will be: Management fee is 0.5%, total expense ratio cap at 0.65% AUM. Also, as the ETF is domiciled in Singapore, there will be no capital gains tax or dividend withholding tax charged to Singapore individuals. However, on the ETF level, distributions received from underlying REITs would be subjected to dividend withholding and corporate taxes. The fund would be charged 15% withholding tax on dividends received from Australia, 17% corporate tax for dividends received from Singapore

Sent from Xiaomi REDMI NOTE 3 using GAGT
 

intime

Senior Member
Joined
Aug 20, 2014
Messages
1,885
Reaction score
1
For the dividend distribution, does semi-annual means 2x per year?
 

Mancunian2

Greater Supremacy Member
Joined
Jan 7, 2006
Messages
82,577
Reaction score
7,178
Problem is there will be: Management fee is 0.5%, total expense ratio cap at 0.65% AUM. Also, as the ETF is domiciled in Singapore, there will be no capital gains tax or dividend withholding tax charged to Singapore individuals. However, on the ETF level, distributions received from underlying REITs would be subjected to dividend withholding and corporate taxes. The fund would be charged 15% withholding tax on dividends received from Australia, 17% corporate tax for dividends received from Singapore

Sent from Xiaomi REDMI NOTE 3 using GAGT
1+% eaten up every year due to mgt fees and expenses , not worth it lah
 

Wood41

Supremacy Member
Joined
Jan 17, 2002
Messages
8,631
Reaction score
2
ETFs should not have high fee like in unit trusts.
Otherwise might as call it a unit trust.
 
Last edited:

Mecisteus

Great Supremacy Member
Joined
Jun 16, 2002
Messages
52,644
Reaction score
10,620
1+% eaten up every year due to mgt fees and expenses , not worth it lah

Need to look at the total expense ratio only. It is 0.65%.

You don't do 0.65% + 0.5% for this ETF.

But still, the net yield is lower after taxes. Overall, not attractive to me.

I mentioned before. You are better off buying the top 5-7 quality reits yourself.
 

endlssorrow

Arch-Supremacy Member
Joined
Apr 11, 2007
Messages
10,694
Reaction score
747
Link REIT 10.2% Hong Kong

Scentre Group 9.7% Australia

Westfield Corp 9.6% Australia

Stockland 8.7% Australia

Vicinity Centres 6.7% Australia

Goodman Group 5.5% Australia

Mirvac Group 5.3% Australia

Ascendas REIT 5.2% Singapore

GPT Group/The 4.8% Australia

CapitaLand Mall Trust 4.0% Singapore
 

Android user

Senior Member
Joined
Nov 22, 2012
Messages
2,419
Reaction score
0
Link REIT 10.2% Hong Kong

Scentre Group 9.7% Australia

Westfield Corp 9.6% Australia

Stockland 8.7% Australia

Vicinity Centres 6.7% Australia

Goodman Group 5.5% Australia

Mirvac Group 5.3% Australia

Ascendas REIT 5.2% Singapore

GPT Group/The 4.8% Australia

CapitaLand Mall Trust 4.0% Singapore
Total 30reits, but if look carefully this reit etf could be call the official au reit etf. Ascendas reit also have 11-12% in au properties.

Sent from Xiaomi REDMI NOTE 3 using GAGT
 

Asphodeli

Arch-Supremacy Member
Joined
Jul 8, 2001
Messages
22,352
Reaction score
3,668
Is this the best they can do? 5% yield for investors and 1+% for fund managers to fund their sentosa cove. Rather buy Parkway life reit for the 5+% yield.

Sent from Pluto using GAGT

Need to look at the total expense ratio only. It is 0.65%.

You don't do 0.65% + 0.5% for this ETF.

But still, the net yield is lower after taxes. Overall, not attractive to me.

I mentioned before. You are better off buying the top 5-7 quality reits yourself.

for 5% for an REIT ETF, which is diversified outside of Singapore, is considered good liao lor...don't forget the risk vs returns curve, and the diversification vs volatilty issue. Additionally, this can be a solution for "hands-off" investing in REITs too.

BTW, as per what Mike said, the fund manager doesn't take 1+%, because in the prospectus, it is stated that "The indicative total expense ratio of the Fund will be approximately 0.65% (including items such as Manager’s fees and Trustee’s fees)."
 
Last edited:

Wood41

Supremacy Member
Joined
Jan 17, 2002
Messages
8,631
Reaction score
2
Stock dip / crash ---> yield up likely as in any stock.

Good to have a basket of Aussie reits.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top