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

[Asphodeli]

News report: http://smr.theedgemarkets.com/article/here’s-new-etf-invest

Prospectus is on MAS OPERA: https://opera.mas.gov.sg/ExtPortal/....aspx?prosID=3579922a33314aeba75fa7a0aa2f42b7

 

[Android user]

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

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[Average]

anybody read liao, can sic the indicative div yield?

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[waxqube]

anybody read liao, can sic the indicative div yield?

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http://www.phillipfunds.com/home/banner_link4

According to their website, it's 5.07% gross.

 

[Average]

http://www.phillipfunds.com/home/banner_link4

According to their website, it's 5.07% gross. So minus expenses maybe around 4.4%?

thank u...

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[intime]

For the dividend distribution, does semi-annual means 2x per year?

 

[Average]

yes semi annual means twice a yr

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[Mancunian2]

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

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1+% eaten up every year due to mgt fees and expenses , not worth it lah

 

[Wood41]

ETFs should not have high fee like in unit trusts.
Otherwise might as call it a unit trust.

 

[kenpachi82]

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.

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[emanon86]

Will keep in watchlist, see how is the trend after launch

 

[Mecisteus]

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]

waaaaa today just received their email only siaz...

 

[endlssorrow]

this one REIT ETF dont need to monitor wor

 

[endlssorrow]

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

 

[Wood41]

Definitely better than Singapore Government bonds .

 

[Android user]

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.

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[sg_investor]

Dunno can use cpf or not. Australia weight more than 50%.

 

[Asphodeli]

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.

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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)."

 

[Wood41]

Stock dip / crash ---> yield up likely as in any stock.

Good to have a basket of Aussie reits.