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Nav-Nav, based in fund denominated currency.
Please refer to the prospectus for the funds that are included under the CPFIS ordinary account (CPFIS - OA) and CPFIS special account (CPF-SA).
The CPF interest rate for the Ordinary Account (OA) is based on the 12-month fixed deposit and month-end savings rates of the major local banks. Under the Central Provident Fund Act, Chapter 36 of Singapore (the
"CPF Act") the CPF Board pays a minimum interest of 2.5% per annum when this interest formula yields a lower rate. The interest rate for the Special, Medisave and Retirement Accounts (SMRA) is pegged to the
yield of 10-year Singapore government bond plus 1%. For 2009, the minimum interest rate for the SMRA will be 4.0% per annum. After 2009, the 2.5% per annum minimum interest rate, as prescribed by the CPF
Act, will apply to the SMRA. In addition, the CPF Board pays an extra interest rate of 1% per annum on the first $60,000 of a CPF member's combined balances, including up to $20,000 in the OA. The first $20,000
in the Ordinary Account and the first $30,000 in the Special Account will not be allowed to be invested under the CPF Investment Scheme.
Investors investing in fund(s) denominated in non-local currency should be aware of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. Exchange controls may be applicable from time to time to certain foreign currencies.
All fund prices quoted are calculated as at the latest valuation date and are for indication only.
Source: Fidelity International
* Please note that this share class has ceased to accept new CPF monies
Investment involves risks. Past performance is no guarantee of future returns. Investors should refer to the prospectus for further details. |