The GREENBACK FUND is an affordable dollar investment option that can potentially provide higher returns at moderate price volatilities.
The fund aims to maximize the investor's yield by taking opportunities in varying terms of dollar-denominated fixed income outlets.
Description: An income-oriented medium term dollar-denominated bond fund created for the purpose of facilitating the investment and portfolio management through the pooling of investible funds in a portfolio of bonds and other similar fixed-income securities with portfolio duration which may exceed one year.
Investments:
- US Dollar-denominated deposits
- ST-LT US$ fixed income securities
- Other tradable securities
Investment Horizon: The mandate of the fund limits the Macaulay duration up to 5 years.
Valuation: Marked-to-Market
Minimum Initial Participation: US $1,000, Minimum Additional Participation is $500
Maintaining Balance: US$1,000.00
Holding Period: 45 banking days; Withdrawals made before the 45-banking day holding period shall be subject to the 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 funds 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.
