Fixed Income Funds
PNB Profit Peso and Dollar Bond Funds (formerly PNB Peso and PNB Profit Dollar Intermediate Term Bond Funds)
The PNB Profit Peso and Dollar Bond Funds are invested in a portfolio of fixed income instruments with a weighted average portfolio life of more than one (1) year. These funds are suitable for investors who have moderate risk appetite.
| PNB Profit Peso Bond Fund | PNB Profit Dollar Bond Fund | ||
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000 |
$1,000 |
|
Class II |
₱2,000 |
$1,000 |
|
| Min. Holding Period | 30 Calendar Days | ||
| Trust Fee | 0.75% p.a. of fund value | ||
| Issuance of Confirmation of Transaction / Participating Trust Agreement | After 1 Banking Day | ||
| Release of Proceeds | After 1 Banking Day | ||
| Cut-Off Time for Participation/Redemption | 12NN | 11AM | |
| NAVPU Publication | After 7PM | ||
| Early Redemption Fee | 50% of Income Earned, if any | ||
| Investment Horizon | Up to 3 Years | ||
| Investor Risk Profile | Moderate | ||
| Valuation | Mark-to-Market | ||
| Investment Outlets | Bank deposits and Fixed Income instruments | ||
| Benchmark | Markit iBoxx ALBI Philippines 1–3 | Moving average of the yield of a 3 Year ROP Instrument. | |
THE UIT FUND IS A TRUST PRODUCT, NOT A DEPOSIT ACCOUNT AND IS NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC). THE UIT FUND IS NOT AN OBLIGATION OF, NOR GUARANTEED, NOR INSURED BY THE TRUSTEE, ITS AFFILIATES OR SUBSIDIARIES. DUE TO THE NATURE OF THE INVESTMENTS, THE RETURNS/YIELDS CANNOT BE GUARANTEED AND HISTORICAL PERFORMANCE, WHEN PRESENTED IS PURELY FOR REFERENCE PURPOSES AND IS NOT A GUARANTEE OF SIMILAR FUTURE PERFOMANCE. THAT ANY LOSSES AND INCOME ARISING FROM MARKET FLUCTUATIONS AND PRICE VOLATILITY OF THE SECURITIES HELD BY THE UITF, EVEN IF INVESTED IN GOVERNMENT SECURITIES, ARE FOR THE ACCOUNT OF THE CLIENT. AS SUCH, THE UNITS OF PARTICIPATION OF THE CLIENT IN THE UITF, WHEN REDEEMED, MAY BE WORTH MORE OR WORTH LESS THAN HIS/HER INITIAL INVESTMENT/CONTRIBUTION. THE TRUSTEE IS NOT LIABLE FOR ANY LOSS UNLESS UPON WILLFUL DEFAULT, BAD FAITH OR GROSS NEGLIGENCE OF THE TRUSTEE. THE INVESTOR MUST READ THE COMPLETE DETAILS OF THE FUND IN THE UITF’S DECLARATION OF TRUST, MAKE HIS/HER OWN RISK ASSESSMENT, AND WHEN NECESSARY, SEEK AN INDEPENDENT/ PROFESSIONAL OPINION BEFORE MAKING AN INVESTMENT.