The PNB Global Filipino Funds are money market funds specifically designed to meet the investment needs of our Overseas Filipino Workers (OFW’s) and their beneficiaries. It provides them with an outlet to accumulate their savings for the purchase of a new home or educational plans for their children or other future needs of their families. These funds are suited for conservative clients who want an investment strategy where the primary objectives is to prevent the loss of principal at all times and where the fund is invested purely in deposit instruments.
| PNB Global Filipino Peso Money Market Fund | PNB Global Filipino Dollar Money Market Fund | |
|---|---|---|
| Min. Initial Participation | P5,000 | $100 |
| Min. Additional Participation | P5,000 | $100 | Min. Maintaining Balance | P5,000 | $100 |
| Min. Holding Period | 5 banking days | 30 calendar days |
| Trust Fee | 0.5% p.a. of Fund Value | 0.5% p.a. of Fund Value |
| Issuance of Confirmation of Participation / Participating Trust Agreement | After 1 Banking Day | |
| Release of Proceeds | Same Day | |
| Cut-Off Time for Participations and Redemptions | 12NN | 11AM |
| NAVPU Publication | After 4PM | |
| Early Redemption Fee | 50% of Income Earned, if any | |
| Investment Horizon | 1 Year of Less | |
| Investor Risk Profile | Conservative | |
| Valuation | Accrual | |
| Investment Outlets | Bank deposits and all other deposit instruments that the BSP may allow | |
| Benchmark | Moving average of the Philippines 30 Day Special Savings Rate General Average, net of taxes. | Moving average of the average one month time deposit rate quoted by 3 banks, net of taxes. |
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All funds/accounts managed by PNB Trust Banking Group (Trustee) are Trust and/or Investment Management funds which DO NOT carry any guaranty of income or principal, and are NOT covered by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investments, potential yield cannot be guaranteed It is also possible for the investments and their income to fluctuate as a result of prevailing market conditions. Past performance is likewise not a guarantee of future results. Any loss or income is for the account of the Trustor/s. The Trustee is not liable for losses except upon fraud, gross negligence or bad faith.