We at ExtrasJar understand that you want to protect yourself and your family while enjoying flexibility in your plan as your money also works for you. And that’s what we’ll give you because we also want that for ourselves.
Recognizing this, the following are significant benefits of investing in the Units in ExtrasJar:
Regular savings for authorised transactions - we believe that regular investments help grow savings which can be used to help manage the costs of your health or pet extras (as applicable). You can contribute to your ExtrasJar Extras Account frequently by setting automatic recurring deposits or by one-off contributions.
Withdrawal at any time - you can request a withdrawal of all or part of your investment from your ExtrasJar Extras Account, at any time. We will dispose of sufficient investments in Units to pay the withdrawal proceeds in cash generally within ten (10) business days. There are no fees or penalties for cash withdrawals. Some withdrawal requests may be subject to rounding and market risk.
Simple, transparent fees - a simple fee, charging a funds management fee, a monthly platform and ExtrasJar Card fee and a Fund expense fee.
Low barriers to get started - competitive fees with a minimum investment of only $10 a month.
Access to discount - As a customer you will get access to discount with our partners.
All investments entail risks because nothing is guaranteed. So, aside from the benefits, you should also take note of the following significant risks in investing in Units:
Performance risk - there is volatility in investments, meaning its value can go up or down, at any point in time. Returns are not guaranteed, and you may lose money. Investment returns will vary and future returns may be different from past returns. Risk impacts vary for individual investors depending on age, investment time frame, other investments held and risk tolerance.
Investment objective risk - some of the underlying ETFs may not achieve their investment objective. This may mean that the return that is generated may differ from the stated investment objective.
Market risk - external factor changes such as in financial markets, the economy, political changes, technological developments, and changes in market sentiment continually affect the value of investments and the level of income they generate. For instance, if you request a full cash withdrawal or close your ExtrasJar Extras Account the amount you receive may be different (including less) from the last value displayed in your ExtrasJar Extras Account, due to market movements.
Operational risk - the risk that the Responsible Entity, the Custodian, or ExtraJar’s operational processes and procedures may malfunction or fail.
Fund risk - the Fund could terminate, fees and expenses could increase, the Responsible Entity or any service provider may change. There is no guarantee that the investment strategy of the Fund will be managed successfully.
Investment in the Fund is governed by the laws affecting managed investment schemes, the Constitution and this PDS, each of which may be amended from time to time.
Authorisation risk - the risk that your investment is accessed by another person that pretends to be you (e.g., by using the ExtrasJar Card to make withdrawals).