You can invest in Aim Series via any of the following ways:
The CPF rating and type of CPF funds available for investment are as follows:
|Aim Series||CPF Rating||Source of Fund|
|CPFIS- OA||CPFIS- SA|
|Aim Now||2A - Low to Medium Risk,
|Aim 2025||3A - Medium to High Risk,
|Aim 2035||4A - Higher Risk,
|Aim 2045||4A - Higher Risk,
You may wish to note that investment using CPF monies can only be done via FlexiLink, a single premium investment-linked plan (ILP).
The Target Maturity Date for each fund is as follows:
|Aim Now||No maturity date|
|Aim 2025||31 October 2025|
|Aim 2035||31 October 2035|
|Aim 2045||31 October 2045|
If these dates fall on a weekend/public holiday, the last business day before it will be taken as the maturity date of the fund.
The fund will be closed upon maturity.
You will be notified when funds are to be closed, due to maturity date or other reasons. You will be advised of your options.For funds that are closed, the default option is to reinvest the cash value from the fund that has been closed, to other appropriate funds in our absolute discretion to achieve a similar investment objective.
The following table shows that asset allocation of each fund as at 31 Dec 2010:
|Model Allocations (%)||AIM Now||AIM 2025||AIM 2035||AIM 2045|
Cash and Equivalent
Note: Any differences in the total and percentage of the Net Asset figures are the result of rounding off.
The table below shows the current annual management charges for each fund. The annual management charge is not guaranteed and may be reviewed from time-to-time.
|Fund||Annual Management Charges|
Aim Now Fund offers distribution. The distribution will be made out of the income, capital gains, and/or capital of the fund. The distributions are not guaranteed.
We intend to make semi-annual distributions of up to 2% of the next asset value on 31 May and 30 Nov each year (Declaration Dates). If these dates fall on a weekend/public holiday, the last business day before these dates (31 May & 30 Nov) will be taken as the Declaration Date.
The unit price of Aim Now Fund will be reduced accordingly after the distribution. The number of units available will remain the same, unless the distribution is reinvested into this fund.
The default option for distribution is to reinvest them at bid price into Aim Now Fund.
If you wish to encash the distribution, you will need to either indicate your choice in the application form or notify us in writing at least 30 days before the Declaration Date. A cheque would be sent to you within 45 days from the Declaration Date.
However, any distribution below S$50 has to be reinvested and encashment is not allowed. Also, any distribution from funds purchased using CPFIS/SRS monies, if applicable, will also be reinvested.
The unit prices for reinvestment will be determined on payout date, which would be within 45 days from the Declaration Date.
No, the insurance coverage is not affected by the distribution of Aim Now Funds.
No, the reinvestment of distribution from Aim Now Fund does not increase the insurance coverage.
Yes, withdrawal funds after they have been reinvested will reduce the insurance coverage.
The cut-off time for approval of application and receipt of premium is 3.00 pm (Singapore time) on each working day (Monday to Friday), excluding weekends and public holidays).
Applications and/or premiums received by us after the cut-off time will be transacted based on the price prevailing as at the next working day.
We reserve the right to revise the cut-off time.
The manager and sub-manager of the fund are NTUC Income and Schroder Investment Management (Singapore) Ltd respectively.
Incorporated in 1970, NTUC Income is one of the largest insurance companies in Singapore. In our 39 years of operation, we have matured into a leading insurer with assets of $32 billion. Our highly qualified team manages funds with a long-term value approach. With a strong commitment to our Co-operative values, we also seek to achieve the best value for our policyholders.
Schroders is a leading global asset management company, whose history dates back over 200 years. The group’s holding company, Schroders Plc is and has been listed on the London Stock Exchange since 1959. Schroders’ aim is to apply their specialist asset management skills in serving the needs of their clients worldwide. With one of the largest networks of offices of any dedicated asset management company, and over 350 portfolio managers and analysts covering the world’s investment markets, they offer their clients a comprehensive range of products and services.
Schroder Investment Management (Singapore) Ltd was incorporated in Singapore and has been managing collective investment schemes and discretionary funds since 1992.