INCOME+ (SRS)
Grow your SRS with consistent dividend income
Monthly Dividends
Monthly dividends automatically reinvested to maximise returns for your SRS.
Institutional Fund Access
Exclusive access unlocks up to 60% savings on fund level fees for retail investors, maximising returns.
No-lock Ins
Invest with full flexibility - no lock-in, no withdrawal penalties, no minimum balance.
Portfolios at a glance
Purpose-built solutions for all your income needs in any market condition.
Monthly payout ranges are computed based on the weighted average of the annualised historical distribution amount or dividend/distribution yield of the constituent funds from the latest three months. The upper and lower bounds of the range are rounded up to the higher 0.5% and down to the lower 0.5% respectively. The dividend amount or dividend yield of the constituent funds is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive monthly payout or distribution yield does not imply a positive return.
Learn moreEstimated Yield to Maturity (YTM) of a bond is the total return that an investor stands to receive if all scheduled payments are made on time and the bond is held until maturity. Estimated YTM of the portfolio is the weighted average of the YTM of the bonds held in the constituent funds in the portfolio. Estimated YTM is reported gross of fees, the deduction of which will reduce the yield. It does not represent the portfolio's return. For instruments such as SSBs, T-Bills and FDs, the yields are fixed at the onset and represent the total return if held to maturity.
Learn moreMonthly payout ranges are computed based on the weighted average of the annualised historical distribution amount or dividend/distribution yield of the constituent funds from the latest three months. The upper and lower bounds of the range are rounded up to the higher 0.5% and down to the lower 0.5% respectively. The dividend amount or dividend yield of the constituent funds is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive monthly payout or distribution yield does not imply a positive return.
Learn moreEstimated Yield to Maturity (YTM) of a bond is the total return that an investor stands to receive if all scheduled payments are made on time and the bond is held until maturity. Estimated YTM of the portfolio is the weighted average of the YTM of the bonds held in the constituent funds in the portfolio. Estimated YTM is reported gross of fees, the deduction of which will reduce the yield. It does not represent the portfolio's return. For instruments such as SSBs, T-Bills and FDs, the yields are fixed at the onset and represent the total return if held to maturity.
Learn more
Composition
Designed for diversified income with PIMCO's best-in-class active funds.
monthly DIVIDENDS
5-5.5
yield to maturity
6.71
TOP 5 sectors
US GOVT RELATED
100%
SECURITISED
100%
INVESTMENT-GRADE
100%
NON-usd developed
100%
emerging markets
100%
Last update: 31 May 2023 14:30 SGT
Monthly payout ranges are computed based on the weighted average of the annualised historical distribution amount or dividend/distribution yield of the constituent funds from the latest three months. The upper and lower bounds of the range are rounded up to the higher 0.5% and down to the lower 0.5% respectively. The dividend amount or dividend yield of the constituent funds is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive monthly payout or distribution yield does not imply a positive return.
Learn moreEstimated Yield to Maturity (YTM) of a bond is the total return that an investor stands to receive if all scheduled payments are made on time and the bond is held until maturity. Estimated YTM of the portfolio is the weighted average of the YTM of the bonds held in the constituent funds in the portfolio. Estimated YTM is reported gross of fees, the deduction of which will reduce the yield. It does not represent the portfolio's return. For instruments such as SSBs, T-Bills and FDs, the yields are fixed at the onset and represent the total return if held to maturity.
Learn moreMonthly payout ranges are computed based on the weighted average of the annualised historical distribution amount or dividend/distribution yield of the constituent funds from the latest three months. The upper and lower bounds of the range are rounded up to the higher 0.5% and down to the lower 0.5% respectively. The dividend amount or dividend yield of the constituent funds is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive monthly payout or distribution yield does not imply a positive return.
Learn moreEstimated Yield to Maturity (YTM) of a bond is the total return that an investor stands to receive if all scheduled payments are made on time and the bond is held until maturity. Estimated YTM of the portfolio is the weighted average of the YTM of the bonds held in the constituent funds in the portfolio. Estimated YTM is reported gross of fees, the deduction of which will reduce the yield. It does not represent the portfolio's return. For instruments such as SSBs, T-Bills and FDs, the yields are fixed at the onset and represent the total return if held to maturity.
Learn moremonthly payout
5.5-5.6
yield to maturity
7.03
TOP 5 sectors
US GOVT RELATED
100%
SECURITISED
100%
INVESTMENT-GRADE
100%
NON-usd developed
100%
emerging markets
100%
Last update: 31 May 2023 14:30 SGT
Stocks in US-listed technology companies such as Microsoft, Apple, Visa, Cisco, Intel etc
Stocks in US-listed technology companies such as Microsoft, Apple, Visa, Cisco, Intel etc
Stocks in US-listed technology companies such as Microsoft, Apple, Visa, Cisco, Intel etc
Stocks in US-listed technology companies such as Microsoft, Apple, Visa, Cisco, Intel etc
Stocks in US-listed technology companies such as Microsoft, Apple, Visa, Cisco, Intel etc
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Bringing you PIMCO's
best-in-class fixed
income strategies
The Income+ portfolio construction process includes PIMCO's forward-looking views and time-tested investment approach.
We take care of all your servicing and advisory needs while PIMCO provides insights and asset allocation guidance to Syfe.
Comparing portfolios
Get started with a portfolio that best suits your income needs.
Investors should consider the investment objectives, risks, charges and expenses of the constituent funds carefully before investing. This and other information is contained in the constituent funds’ prospectus. Please read the constituent funds’ prospectus carefully before you invest or send money. Past performance is not a guarantee or a reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future.
Learn moreEstimated Yield to Maturity (YTM) of a bond is the total return that an investor stands to receive if all scheduled payments are made on time and the bond is held until maturity. Estimated YTM of the portfolio is the weighted average of the YTM of the bonds held in the constituent funds in the portfolio. Estimated YTM is reported gross of fees, the deduction of which will reduce the yield. It does not represent the portfolio's return. For instruments such as SSBs, T-Bills and FDs, the yields are fixed at the onset and represent the total return if held to maturity.
Learn moreMonthly payout ranges are computed based on the weighted average of the annualised historical distribution amount or dividend/distribution yield of the constituent funds from the latest three months. The upper and lower bounds of the range are rounded up to the higher 0.5% and down to the lower 0.5% respectively. The dividend amount or dividend yield of the constituent funds is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive monthly payout or distribution yield does not imply a positive return.
Learn moreDuration is a measure of the sensitivity of the price of a bond to a change in interest rates. Generally, the higher a bond’s duration, the more its value will fall as interest rates rise, because when rates go up, bond values fall and vice versa. Duration of the portfolio is the weighted average of the duration of the individual bonds held in the constituent funds of the portfolio.
Learn moreCredit quality gives a snapshot of the portfolio's overall credit quality. It is an average of each bond's credit rating held in the constituent funds, adjusted for its relative weighting in the portfolio.
Learn moreBeta vs S&P 500 measures the volatility of the returns of the portfolio against the broader market (S&P 500). It is a measure of risk and allows investors to gauge how sensitive the portfolio might be to macro market risks. For positive equity beta below 1, a lower equity beta value implies lesser risk as it denotes lesser positive correlation to the broader market while a higher value implies greater risk.
Learn moreIncome+ Preserve | Income+ Enhance | |
|---|---|---|
Objective | Steady income with capital preservation | Higher income with capital appreciation |
Composition | Focus on investment grade quality bonds | Focus on higher yielding fixed income asset classes |
Yield to maturity | 6.71 % | 7.03 % |
Monthly payout | 5-5.5 % p.a. | 5.5-5.6 % p.a. |
Duration | 4.4 yrs | 4.2 yrs |
Credit quality | A+ | A |
Beta | 0.13 | 0.20 |
Risk rating | Low | Moderately low |
Why invest with Syfe?
Save as much as 60% on fees and taxes compared to traditional investing.
| Income+ | Direct Unit Trusts | |
|---|---|---|
| Yield to maturity (%) | 6.6% - 7.8% p.a. | 6.1% p.a. (Average) |
| Dividend Taxes | Optimised to minimise dividend
withholding taxes | Depends on fund domicile |
| FX Risk | SGD Hedged | Depends on fund denomination |
| Fund Level fees | 0.65%* (Institutional funds) | 1.5%+ (Retail funds) |
| Management / Access fees | 0.25% to 0.65% | 0.3 - 1.0% (Access fees) + 3.0 - 5.0% (Sales charges) |
| Portfolio and fund management | The portfolio is managed and advised by Syfe informed by PIMCO's forward looking views. Funds composed in the portfolio are actively managed by PIMCO. | Fund is managed by a single fund manager with a set objective. Fund managers seek to outperform market or benchmark. |
*Fund level fee for Income+ is calculated using the average of all fund level fees across Preserve and Enhance (which varies depending on portfolio and allocation) latest as of 28 Apr 2024. Fee benchmarks for unit trust and ETF are surveyed from top income fund manager’s retail share class at the time of publication.
Returns calculator
See how dividends can be automatically reinvested into your SRS portfolio, helping you grow your savings effortlessly.
This calculator is meant for illustrative purpose only. Monthly income refers to the selected portfolio's historical monthly dividends midpoint to calculate total investment required. It does not represent the estimated monthly dividends that the portfolio can achieve in future. Dividends is not guaranteed, and is subject to market movements and the constituent fund’s distribution discretion. As of 30 Apr 2023. Refer to definition of Monthly dividends here.
This calculator is meant for illustrative purpose only. Monthly income refers to the selected portfolio's historical monthly dividends midpoint to calculate total investment required. It does not represent the estimated monthly dividends that the portfolio can achieve in future. Dividends is not guaranteed, and is subject to market movements and the constituent fund’s distribution discretion. As of 30 Apr 2023. Refer to definition of Monthly dividends here.
FAQs
Investing your SRS funds with Syfe is quick and easy. You may follow the below steps :
- Open an SRS bank account with an SRS bank operator (DBS/POSB, OCBC, UOB). Once your SRS bank account is open, you may contribute into your DBS/POSB or OCBC or UOB account.
- Once your above SRS bank account is ready, log into your Syfe app or website to select the portfolio you would like to invest in.
- Provide your SRS bank details and deposit instructions (refer to this link to know how to find your SRS bank details). Your SRS bank details will be saved upon this step. In case you need to update your SRS bank account details or personal particulars such as changes to your NRIC/FIN, please reach out to support.sg@syfe.com.
- Provide some additional personal details, employment & income details to continue onboarding to SRS portfolios.
- Once the details are submitted, we will work on your instruction to debit funds from your SRS bank account. After debiting, we will invest your funds into your chosen portfolio. Please visit here to understand more about the various stages of investment.
Syfe offers various investment options that can help you achieve significantly higher returns compared to the 0.05% annual yield from keeping your SRS funds in your SRS bank account.
By investing in Cash+ Flexi SGD, Income+ Preserve, Income+ Enhance, or Core Equity100, your SRS funds have the potential to grow over 70 times more than if left uninvested in DBS/POSB, OCBC, or UOB accounts.
Syfe charges a management fee depending on your Syfe pricing tier. Kindly refer to this article to learn more.
Fees applicable
- Cash Management Portfolios, 0.05-0.15% per annum
- Managed Portfolios, 0.25-0.65% per annum
For SRS Portfolios, are there other fees apart from Syfe’s management fee?
No. We strive to ensure SRS investing stays accessible and affordable, in fact, by consolidating your SRS investments into Syfe, you will be able to enjoy greater benefits.
How are my fees debited for SRS portfolios?
It will be same as the cash funded portfolios, fees are accrued daily based on your portfolio value (Net Asset Value) and reported within the app in the “FEES PAID” feature that can be found under the portfolio details page. At the end of the month, fees will be deducted and this will be reflected in the “TRANSACTION” feature.
In your monthly statement, you will find fees disclosed at each portfolio in the first 2 pages, and total fees in last page.
When you withdraw funds from your Syfe SRS portfolios, the securities you hold must be sold before the cash can be transferred to your bank account.
Withdrawals to SRS banks (DBS/POSB, OCBC, UOB)
Under ordinary circumstances, Syfe processes your instruction to sell within 1 - 2 business days. However the sale of the funds within the portfolio takes anywhere from 5 to 9 business days.Once the portfolio has been liquidated, depending on the bank’s processing timelines, you should receive your funds within the next 1-2 business days. As such, this typically means that most customers can expect to receive their withdrawn funds in 2 weeks.
Cash+ Flexi SGD: 5-6 business days
Core Equity100 and Income+: 6-9 business days
Withdrawals to other bank accounts
Note that SRS funds can only be withdrawn to your SRS Bank account (DBS/POSB, OCBC, UOB). If you had changed your SRS bank account during the course of your investment with Syfe, please contact support@syfe.com for assistance to update your bank details.
income+ PRESERVE
Composition
funds
%
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
6.87%
duration
(YEARS)
AVG. CREDIT
QUALITY
6.87%
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
Factsheet
Prospectus
Annual report
PHS
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
Factsheet
Prospectus
Annual report
PHS
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
Factsheet
Prospectus
Annual report
PHS
country
%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
sector
%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
income+ ENHANCE
Composition
funds
%
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
Factsheet
Prospectus
Annual report
PHS
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
Factsheet
Prospectus
Annual report
PHS
PIMCO GIS Income Fund
IE00BSTL7535
Global multi-sector strategy with an objective of generating high current income and long-term capital appreciation
30%
global
high yield
yield to
maturity
6.87%
duration
(YEARS)
6.87%
AVG. CREDIT
QUALITY
6.87%
Factsheet
Prospectus
Annual report
PHS
country
%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
Country 1
4.25%
sector
%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Information Technology
21.96%
Login or create account
Create or login to your Syfe account to view the full list of constituent funds.
Sectors
US Gov. Related
May include nominal and inflation-protected Treasuries, Treasury futures and options, agencies, FDIC-guaranteed and government-guaranteed corporate securities, and interest rate swaps.
Securitised
The Securitised bucket will include Agency MBS, non-Agency MBS, CMBS, ABS, CDO, CLO, and Pooled Funds.
Investment Grade
Consists primarily of creditworthy corporate issuers having a debt rating of BBB-or greater by at least one of the recognised credit rating agencies or, if unrated, determined by PIMCO to be of comparable quality.
High Yield
Are bonds with a credit rating below investment-grade -typically "BB" or lower as rated by S&P or "Ba" or lower by Moody's. They typically offer a higher yield than investment-grade bonds but have higher risk.
Non-USD Developed
Includes developed market securities denominated in a currency other than the US Dollar.
Emerging Markets
Includes an emerging market security or other instrument economically tied to an emerging market country by country of risk. Short duration emerging markets instruments are emerging markets instruments with an effective duration less than one year and rated investment grade or higher or if unrated, determined to be similar quality by PIMCO. Emerging Markets includes the value of short duration emerging markets instruments.
Learn more
Source: Syfe, Bloomberg, fund factsheets. As of 30 June 2023. Statistics are based on the weighted fund allocation within each model portfolio.
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