The CLASSIC FUND gives you the opportunity to start exploring investment options. The fund aims to maximize returns of the clients with necessary liquidity.
Description: A Peso-denominated Money Market Fund where funds of investors are pooled together and invested principally in short-term, fixed-income deposits and securities.
Investments:
- Peso-denominated bank deposits
- ST GS
- Marketable Securities
Investment Horizon: The portfolio duration in one year or less
Valuation: Marked- to-Market
Minimum Initial Participation: P10,000; Minimum Additional participation is P5,000
Maintaining Balance: P10,000
Holding Period: 30 days; Withdrawals made before the 30-day holding period shall be subject to early redemption penalty fees of 0.25% of the NAV.
Redemption: Next banking day from date of redemption
Trust Fee*: 1.5% p.a. of the fund's NAV
Documentation:
- Participating Trust Agreement
- Confirmation of Participation
- Client Information Form
- Risk Tolerance and Investor Questionnaire
- Risk Disclosure Form
- Identification documents
- Corporate documents (for corporations)
Qualified Participants:
- Individuals
- Corporations or entities with legal capacity to contract
Cut-off Time: 11:30 AM
*Imputed in Net Asset Value per Unit
There are risks associated with UITFS: Interest rate risk, market/price risk, liquidity risk, credit risk, etc. (pls. refer to the Risk Disclosure Form).
Like any other UITF, the Classic Fund is not a deposit and not insured by PDIC. Due to the nature of investment, yields and potential yield cannot be guaranteed. Any income and loss arising from market fluctuations and price volatility of the securities held by the Classic Fund, even if invested in government securities, is for the account of the investor. As such, the fund is not capital protected and may not be suitable for clients seeking preservation of capital. Historical performance when presented is purely for reference purposes and not a guarantee of similar future results.
