PFM ETF costs Table 2
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Table 2. Costs of investing via an ETF provider's investment platform, investment plan or associated stockbroker
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Minimum investment amountAdministration feeStockbroking fee
Annual processing fee
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Lump sumRecurring
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ABSA
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Absa Investment Management Services investment plan
R 10,000R 500First R250 000: 0.75%0.10%R 200
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Next R500 000: 0.50%
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R750 000 plus: 0.25%
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Absa Core Investment AccountR 10,000R 5000.228% (including VAT)Not providedR 200
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Tax-free ETF-only savings accountNoneNoneNone0.20% (minimum of R20)None
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Tax-free investment account
Opening deposit
NoneNone0.20%None
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of R10 000
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Absa Online Share TradingNoneNoneR66.66 a month (including VAT)0.40% (minimum of R120)None
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* Absa Platinum clientsNoneNoneNone0.40% (minimum of R120)None
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* Absa Private Banking clientsNoneNoneNone0.40% (no minimum)None
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* Absa Private Banking Excellor clientsNoneNoneNone0.30% (no minimum)None
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ASHBURTON
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Direct investments require R1 million at least. Ashburton declined to provide details about the costs.
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FNB Share Saver: portfolio includes MidCap and Top40 ETFs only
R 1,000R 300
Up to R250 000: 0.5% (minimum of R20/month)
0.10% on first trading day of the month
None
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R250 001 to R1 million: 0.45%
0.60% (minimum of R40) on other days
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Over R1 million: 0.35%
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CORESHARES
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R 1,000R 2500.30%0.10% None
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Tax-free savings account option available
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DB X-TRACKERS
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db X-trackers investment planR 1,000R300*1.00%0.10%None
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*Debit order processing fee of R4.50 per transaction
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Sygnia Alchemy platformR 1,000R 500Up to R2 million: 0.20%*0.10% None
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Over R2 million: 0.10%*
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Tax-free savings account available only on Alchemy platform
* If you invest only in Sygnia funds, not in those of other managers
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Satrix
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Satrix investment planR 1,000R 300Up to R500 000: 0.6%0.08%None
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R500 001 to R1 million: 0.45%
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Over R1 million: 0.35%
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SatrixNow platformNoneNone*None0.25%None
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* Fee of 0.20% per recurring investment
Plus settlement and administration fee
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of 0.75% of value traded
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Other SatrixNow costs:
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Telephone trades: R50 per trade
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Credit card deposits: R1.60 plus 2.3% of rand value
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Debit order failure charge: R4.50 per transaction
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Secure internet deposit: R1.60 plus 1.5% of rand value
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Transfer entire portfolio to another provider: R150 per security
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Transfer part of portfolio to another provider: R100 per security
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Tax-free savings account option available on investment plan and SatrixNow
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Notes:
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Administration fees are calculated annually but deducted monthly or quarterly
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All fees exclude VAT unless otherwise stated
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Except in the case of FNB Share Saver, brokerage excludes the following mandatory/statutory charges:
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Investor Protection Levy of 0.0002% (excluding VAT) of the value of the shares traded
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Strate settlement fee of 0.005787% of the value of the shares traded, with a minimum charge of R10.71 per contract note on trades up to R185 000, a maximum charge of R70.02 per contract note on trades exceeding
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R1.21 million. The Strate settlement fee for tax-free savings accounts is R3.85 (excluding VAT).
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