|
INFINITY PESO MONEY MARKET FUND UITF |
| Product Positioning: |
A peso-denominated money market unit investment trust fund that aims to provide investors with enhanced yields for their short-term liquidity needs by investing in a diversified portfolio of short-term, highly liquid fixed-income securities, term deposits and other money market instruments. Portfolio duration is one year or less. |
| Target Market: |
Retail investors who want to earn higher than the traditional savings deposits. It is ideal for investors and corporate clients with short-term investment requirements. |
| Investment Horizon: |
Short-term investment horizon |
| Product Benefit: |
Minimal Investment Requirement
Opportunity for capital gain
Diversified Investment Portfolio
Liquidity
Easy Monitoring
Professional Management of Fund
|
|
All Unit Investment Trust Funds (UITFs) are regulated by the Bangko Sentral ng Pilipinas.
UITF investments are not insured with the PDIC and do not carry a guaranteed rate of return.
Past performance is not necessarily a guide to future performance. All gains and losses
are solely for the account of the investor.
|
| PRODUCT FEATURES: |
| Minimum Initial / Additional Participation: |
One Hundred Thousand Pesos (P100,000.00) |
| Holding Period: |
No minimum holding period |
| Investment Portfolio: |
Highly liquid fixed-income securities, deposits and other short term money market instruments |
| Valuation Method: |
Mark-to-market value of the Fund re-valued daily less fees and applicable taxes. |
| Return |
Always based on current NAVpu; BSP prohibits the guaranteeing of yields for UITFs |
| Basis for Investment Valuation |
Prevailing NAVPU X No. of Units |
| Modes of Acceptance: |
Peso Notes, Managers Check, Debit from SA/CTD, Corporate Check. |
| Documentation: |
1. Official Receipt/Debit Memo
2. Certificate of Participation
(to be issued next day per placement)
3. Trust Agreement (one time issuance)
4. Signature Cards (per account)
5. Investor Risk Profiling Questionnaire
(one time submission)
|
| CHARGES AND FEES: |
| Trust Fee: |
Maximum of 2% p.a. based on the total market value of the Fund. Trust fee rate applicable initially is 1.5% p.a. until reviewed by the Board. Investment proceeds are computed net of trust fees. |
| Service Charge |
P100 per withdrawal |
| Withholding Tax: |
20% final withholding tax on interest income (NAV is already net of tax) |
| Early Redemption Fee: |
None |
| Cut-off Time for Investments and Withdrawals |
Acceptance and Withdrawal of investments shall be accommodated during regular trading hours of 9:00 a.m to 12:00 ONLY; Withdrawals require one day notice prior to settlement; (3 days prior notice maybe required if fund liquidity so requires) |
