Assets Funds and Fees
Version 1.1
Last updated: 17 April 2025
1. How to read this Supplement
This Supplement is a supplement to, and must be read together with, your Customer Agreement (available on our Website), which sets out the terms in relation to the Funds and the fees for using Stocks and Interest. The headings are for reference only. Some capitalised terms have specific definitions and are defined in your Customer Agreement (available on our Website). Underlined words in this Supplement contain hyperlinks to further information.
2. Why you should read this Supplement
2.1 What this Supplement covers. This Supplement sets out which Funds will be available to you and which fees are applicable for using Interest and Stocks.
2.2 Future changes to this Supplement. We may change the contents of this document in accordance with the same provisions as stipulated in the ‘Our right to make changes’ section of the Customer Agreement (available on our Website).
2.3 You accept this Supplement. By using our Services, you confirm that you accept and agree to this Agreement. If you do not agree, please do not use our Services
2.4 Where to get a copy of this Supplement. You can always see the most current version of this Supplement on our Website. If you want a paper copy of this Supplement, please contact Customer Support.
3. Available Funds
| Country | Product (base currency) | Fund (ISIN) |
Cut-off Time (Time zone) |
Fees | Fund Manager |
|---|---|---|---|---|---|
| Austria, Denmark, Estonia, Finland, France, Germany, Ireland, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom | Stocks (USD) | iShares World Equity Index Fund (LU) (LU0852473015) |
7:00 AM (Europe/ London) |
0.45% (Wise Assets) 0.16% (Fund Manager) |
BlackRock (Luxembourg) S.A. |
| Austria, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom | Interest (GBP) | BlackRock ICS Sterling Government Liquidity Fund (T+1) (IE00B43PVC83) For balances opened until 14th of February 2024 |
7:00 AM (Europe/ London) |
0.46% (Wise Assets) 0.10% (Fund Manager) |
BlackRock Asset Management Ireland Limited |
| BlackRock ICS Sterling Government Liquidity Fund (T+0) (IE00B40L6351) For balances opened after 14th of February 2024 |
7:00 AM (Europe/ London) |
||||
| Interest (EUR) | BlackRock ICS Euro Government Liquidity Fund (IE00B41N0724) |
7:00 AM (Europe/ London) |
0.17% (Wise Assets) 0.10% (Fund Manager) |
||
| Interest (USD) | BlackRock ICS US Treasury Fund (IE00B45H7020) |
7:00 AM (Europe/ London) |
0.19% (Wise Assets) 0.10% (Fund Manager) |
||
| Bulgaria, Croatia, Cyprus, Czech Republic, Greece, Ireland, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia | Interest (EUR) | JPMorgan Liquidity Funds - EUR Government CNAV Fund (LU2757993600) |
7:30 AM (Europe/ London) |
0.13% (Wise Assets) 0.16% (Fund Manager) |
JPMorgan Asset Management (Europe) S.à r.l. |
| Interest (USD) | JPMorgan Liquidity Funds - USD Treasury CNAV Fund (LU1873133174) |
1:30 PM (America/ New York) |
0.15% (Wise Assets) 0.16% (Fund Manager) |
4. Fees
4.1 Your investments will be subject to the following fees:
-
Service fee: this fee is charged by Wise Assets as indicated in the ‘Available Funds’ table above. The fee rate is expressed on an annual basis and is calculated from the value of an Invested Balance or an Invested Jar each month.
-
Management fee: the Fund Manager shall charge an annual fee to cover its costs incurred in relation to the management of the Fund. Such charges (listed in the table above as well) shall be automatically deducted from the assets of the Fund, and so will be reflected in the Net Asset Valuation of the Shares issued by the Fund.
-
Transaction costs: these are conversion fees charged by Wise Europe only if you do not have enough money in a balance that is in the same currency as the Fund you have invested in. In such situations, Wise Europe will deduct the fees from a balance with sufficient funds and charges for the currency conversion.
4.2 You agree that we are authorised to deduct our fees, any applicable reversal amounts, and/or any amounts you owe Wise Europe or Wise Assets from your Investment Account held with Wise Assets and/or from your Payment Account Balance held with Wise Europe. If you don’t have enough money in your Investment Account or Payment Account Balance to cover these amounts, we may refuse to execute the relevant transaction or provide any Services to you.
4.3 Buy Orders and Sell Orders for Stocks (base currency is USD) that Wise Assets submits to the Transfer Agent on your behalf shall be expressed in Euro, as this is a requirement of the Fund. The absolute number of Shares you will buy or sell in connection with any Buy Order or Sell Order will therefore be determined in part by the Euro / US Dollar currency conversion rate applied from time to time by the Transfer Agent.
4.4 Should you choose to use Stocks for a Payment Account Balance or a Regular Jar denominated in a currency other than Euro, Wise Assets will convert that relevant balance into Euro to meet the requirements of the Transfer Agent at the mid-market rate for that Trading Day. We shall not charge you for this currency conversion.
Example 1:
You would be investing €3,000 in the BlackRock ICS Euro Government Liquidity Fund. The below table provides an overview of the incurred charges over 1 year. We are assuming that the fund will provide an annual return of 2.45%.
| Breakdown of costs and charges | ||
|---|---|---|
| Wise service fees | 0.17% | € 5.16 |
| Fund manager fees | 0.10% | € 3.90 |
| Total | 0.27% | € 8.16 |
| Percentage | Amount | ||
|---|---|---|---|
| Product costs (charged by the fund manager) | |||
| One-off charges | Entry and exit costs. These are not charged to you. | - | - |
| Ongoing charges | The total cost of the funds that you hold, excluding transaction costs. They are included in the fund manager's calculation of the fund's value and are not charged separately. | 0.10% | €3.00 |
| Transaction costs | Costs related to the fund manager buying and selling the investments in the funds. They are included in the fund manager's calculation of the fund's value and are not charged separately. | 0.03% | €0.90 |
| Incidental costs | These include performance fees, and are not charged to you. | - | - |
| Service costs (charged by Wise) | |||
| One-off charges | Entry and exit costs. These are not charged to you. | - | - |
| Ongoing charges | A fee paid to Wise for providing the investment service. | 0.17% | €5.16 |
| Transaction costs | These are conversion fees. They're ONLY charged if you don't have enough money to pay the service fee and we need to take it from a balance in another currency. | - | - |
| Incidental costs | These include performance fees, and are not charged to you. | - | - |
| Effect on your returns after one year | |
|---|---|
| Invested amount | €3,000 |
| What you could earn if there would be no charges at all | €77.61 |
| What you could earn after charges have been applied | €68.49 |
Example 2:
You would be investing £3,000 in the BlackRock ICS Sterling Government Liquidity Fund. The below table provides an overview of the incurred charges over 1 year. We are assuming that the fund will provide an annual return of 4.00%.
| Breakdown of costs and charges | ||
|---|---|---|
| Wise service fees | 0.46% | £14.05 |
| Fund manager fees | 0.10% | £3.59 |
| Total | 0.56% | £17.64 |
| Percentage | Amount | ||
|---|---|---|---|
| Product costs (charged by the fund manager) | |||
| One-off charges | Entry and exit costs. These are not charged to you. | - | - |
| Ongoing charges | The total cost of the funds that you hold, excluding transaction costs. They are included in the fund manager's calculation of the fund's value and are not charged separately. | 0.10% | £3.00 |
| Transaction costs | Costs related to the fund manager buying and selling the investments in the funds. They are included in the fund manager's calculation of the fund's value and are not charged separately. | 0.02% | £0.59 |
| Incidental costs | These include performance fees, and are not charged to you. | - | - |
| Service costs (charged by Wise) | |||
| One-off charges | Entry and exit costs. These are not charged to you. | - | - |
| Ongoing charges | A fee paid to Wise for providing the investment service. | 0.46% | £14.05 |
| Transaction costs | These are conversion fees. They're ONLY charged if you don't have enough money to pay the service fee and we need to take it from a balance in another currency. | - | - |
| Incidental costs | These include performance fees, and are not charged to you. | - | - |
| Effect on your returns after one year | |
|---|---|
| Invested amount | £3,000 |
| What you could earn if there would be no charges at all | £123.95 |
| What you could earn after charges have been applied | £106.04 |