I've asked a question regarding Qualified Interest Income (QII) for FSMOne platform.

Dear FSMOne,
May I know if owning ETF like iShares 20+ Year Treasury Bond ETF (TLT) on your platform, will you/ your broker help us to claim the Qualified Interest Income (QII)? Which means that the 30% Dividend Withholding Tax can be claimed back yearly for qualified ETF. https://www.ishares.com/us/literature/tax-i...-final-2023.pdf

Reply:
Please be informed that generally most of the US ETFs will subjected to 30% withholding tax. However if the ETF consists of municipal, note, debt or long-term capital gain then it will entitle for the tax exemption.

If the ETFs is entitle for 0% withholding tax, our custody will refund to us upon annual reclassification of tax. Thereafter, we will process the refund payout to client cash account upon receive the confirmation of payment.

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Does that mean owning ETF like BND, TLT, TLH from iShares, we can expect some % of the dividend withholding tax credited back every year?

I'm looking to parking my money into a stable fund like fixed income. Which one are you guys investing in? I'm can't stomach the volatility this year

Which AH fixed income may I ask? Been away from UT scene I lost track. BTW all the old guards like xuzen all gone dy I noticed

currently fsm pays 3.5% for parking facility, isnt this is better than putting in the bank saving account earning a miserable 0.5% ? what is the catch of parking facility in fsm.

What happens if the fund i buy through EPF withdrawal has become "Not Approved by EPF" after their yearly screening? Can I sell it?

Hi all, need your advice

My fund A is suspended (under EPF) and can't do DCA..

is it advisable to do the switching out to other fund?
(do you need the investment mandate of that fund to be in your diversified portfolio?
Example, if that fund is solely a malaysia equity fund and you only hv that fund that provides you coverage of Msia markets, ...then if you need msia to be in your portfolio too, then you can consider to keep it if the performance is on par with its peers)

Is it profitable and how to calculate that?
(In your FSM account, you can see if that fund is currently making profits or not)

Hi Sifus,

I have few doubt and hope to get answers from the experts:

1. I read before somewhere in the thread saying that if IFast/FSMOne go bankrupt, our funds will go back to the fund house. Is this term written in any of IFast/FSMOne policies?
attached image is from this site ...
https://www.fsmone.com.my/support/frequentl...tUniqueKey=2444

2. Assuming no. 1 is true, what will happen if now the fund house/bank go into bankruptcy?

3. In any financial report of a fund, under the list of equities, the quantity invested in each companies, e.g. Gamuda Bhd 2,092,300; what is the 'unit' of these quantity? How can we translate that to the actual shares/lot of that company?   

Thanks in advance.

Based on my latest RSP of RM1k / USD214.65, the only fee charge was MY Stamp Duty of USD0.22 (0.1x% fee) which is awesome.
Exchange rate was about ~4.65 on 15th of August.

On another side note, got an email from FSM about "AmAsia Pacific REITs".

"The purpose of the Unit Holders’ Meeting is to change the income distribution policy of the Fund to allow the Fund to declare distribution out of its capital and that FURTHER the Manager and/or the trustee of the Fund shall be authorised to do all such things necessary to give effect to the change of distribution policy of the Fund in accordance with the relevant laws, guidelines and the provisions of the Deed. "

Isn't this something that's bad for the fund that they are paying dividend even if the fund isn't performing?

Hi Sifus

I’m planning to invest in PRS fund for the tax relief, but looking at most of the funds, the performance seems to be quite poor. Does anyone know of some decent PRS funds?

So far the principal Islamic equity growth seems to be alright-ish

Hi sifus,

I have a question about the platform management fee calculation.
Based on the link, it says 0.5% per annum, charged on quarterly basis.
https://www.fsmone.com.my/managed-portfolio...et-started/fees

So for one quarter, wouldn't it be 0.5% / 4 = 0.125%?
According to the invoice, my best performance fund is AmBond.
If I have 1883 units, then how fsm come up with this number?

Hi All,

I'm still confused what to answer in this question "Do you have Domestic Ringgit Borrowing".

In BNM website,

Domestic ringgit borrowing refers to any ringgit advance, loan, trade financing, hire purchase, factoring, leasing facilities, redeemable preference shares or similar facility in whatever name or form, except: •Trade credit terms extended by a supplier for all types of goods and services;
•Forward exchange contracts entered into with licensed onshore banks;
•One personal housing loan and one vehicle loan obtained from residents;
•Credit card and charge card facilities; and
•Inter-company borrowing within a corporate group in Malaysia.

whereas the definition of Residents:

Residents:
•Citizens of Malaysia (excluding persons who have obtained permanent resident status of a territory outside Malaysia and are residing abroad);
•Non-citizens who have obtained permanent resident status in Malaysia and are residing permanently in Malaysia; or
•Persons, whether body corporate or unincorporated, registered or approved by any authority in Malaysia.

So if I have 1 or more car loan/house loan from banks (not Resident), and I do invest ETF in overseas, does it mean I have choose Yes for "Domestic Ringgit Borrowing"?

The definition is confusing to me since I'm not financial background.

Anyone can help?

Thank you

Now the question is that whether bank(s) falls under "Residents", since the defination of Resident is as below in BNM website:

Residents:
•Citizens of Malaysia (excluding persons who have obtained permanent resident status of a territory outside Malaysia and are residing abroad);
•Non-citizens who have obtained permanent resident status in Malaysia and are residing permanently in Malaysia; or
•Persons, whether body corporate or unincorporated, registered or approved by any authority in Malaysia.

Hi, I’m planning to re-enter FSM unit trust investment. I left FSM right before the COVID-19. I used to buy all these UT in post no. 2. Are all this UTs still popular and hot to buy now?

At the point of time, should I enter? Or wait at CMF2? 🙏