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Trust Maximizer
Frequently Asked Questions
· What is Trust Maximizer?
· What are the benefits of Trust Maximizer?
· How much is the minimum investment?
· How do I invest in Trust Maximizer?
· What documents will be given to me upon investing?
· What is Net Asset Value (NAV)?
· What is Net Asset Value Per Unit (NAVPU)?
· How can I determine the value of investments in Trust Maximizer?
· How can I compute the yield of Trust Maximizer investment upon redemption?
· How can I withdraw my investment? Are partial withdrawals allowed?
· How will I be informed of the fund's performance?
· How is Trust Maximizer different from a time deposit?
· Are Trust Maximizer investments covered by PDIC?
What is Trust Maximizer?
Trust Maximizer is an affordable investment alternative wherein placements from clients are pooled into one fund for the purpose of investing in a portfolio of high yield fixed-income securities. The Trust Maximizer is available in Peso and US Dollars.
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What are the benefits of Trust Maximizer?
The Trust Maximizer offers the following benefits:
- Better Yield
A small investor can enjoy higher yields normally given to large investors since the funds are pooled together.
- Diversified Investment Portfolio
Funds pooled under the Trust Maximizer are placed in various types of investments such as government securities, commercial papers, bonds, promissory notes, special savings accounts and other money market instruments for optimum yield and risk management. Investing in such instruments would be very expensive if done individually.
- Safety of Investment
The Trust Maximizer will be solely invested in fixed-income securities, thereby, eliminating any dips in its investment yields as in the case of stock investments. Furthermore, all investments have prior approval from the bank's Trust Committee and Board of Directors. The diversified investment portfolio also acts as a safety net for the fund.
- Liquidity
Funds may be withdrawn at regular trading hours (before 12NN cutoff trading time) after the required holding period of 30 calendar days. For Dollar Trust Maximizer, subject to receipt of cleared funds. Pre-termination may be allowed to meet emergency needs of investors, subject to a pre-termination fee.
- Easy Monitoring
Investors can easily monitor their investments by way of the net asset value per unit (NAVPU) or unit price of the Trust Maximizer which is computed daily and made available at all EWBC PBCs and EWBC Trust Department Head Office.
- Professional Management of Funds
The Trust Maximizer is managed by EWBC's Trust Department where investment decisions and operations are supervised by the Bank's Trust Committee/Board of Directors and regularly audited by EWBC's external auditors and the Bangko Sentral ng Pilipinas (BSP).
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How much is the minimum investment?
- Peso Trust Maximizer - P10,000.00
- Dollar Trust Maximizer - US$2,000
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How do I invest in Trust Maximizer?
Simply go to any EWBC PBC nearest you or to Head Office-Trust Department and fill in a signature card and a Trust Maximizer Agreement and placing the required minimum investment amount. For Corporate accounts, the standard documentary requirements such as corporate papers, Secretary's Certificate or Board Resolution, will also have to be submitted. Trading hours for the Trust Maximizer are from 9:00 AM to 12:00 NN.
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What documents will be given to me upon investing?
The following documents will be issued to a Trust Maximizer investor:
- Official Receipt (OR) or Debit Memo (DM)
- Trust Maximizer Agreement (TMA) - one-time documentation only (for new accounts)
- Certificate of Participation (COP) - for every placement
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What is Net Asset Value (NAV)?
Net Asset Value (NAV) pertains to the market value of the Trust Maximizer at any particular date. It is computed daily by EWBC's Trust Department and determined by adding the assets of the fund (investments and interest accruals) less liabilities (taxes, fees, and other expenses).
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What is Net Asset Value Per Unit (NAVPU)?
The net asset value divided by the outstanding no. of units of participation will provide for the net asset value per unit or NAVPU. The NAVPU is the basis for computing the units of participation at the time of investment of the client and the basis for computing the withdrawal proceeds at the time of the investor's withdrawal.
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How can I determine the value of investments in Trust Maximizer?
| Trust Maximizer Investment Value |
= |
No. of Units Owned Per COP |
x |
NAVPU for the day |
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How can I compute the yield (int. rate p.a.) of Trust Maximizer investment upon redemption?
| Trust Maximizer Net Investment Yield |
= |
Total Net Proceeds |
- |
Principal Investment |
|
---------------------------------------------- |
|
Principal Investment |
x |
No. of Days/360 |
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How can I withdraw my investment? Are partial withdrawals allowed?
The client has to fill in the Notice of Withdrawal in the Certificate of Participation (COP) and surrender the certificate to your EWBC PBC of account. The PBC will compute the investment proceeds based on the NAVPU for the day:
| Trust Maximizer Investment Proceeds |
= |
No. of Units Owned Per COP |
- |
NAVPU at withdrawal date |
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How will I be informed of the fund's performance?
Aside from publishing the daily NAVPU at all EWBC PBCs and Trust Department HO, a quarterly report will also be issued to clients where details on the outstanding investment portfolio, and financial statements of the Trust Maximizer will be shown.
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How is Trust Maximizer different from a time deposit?
Trust Maximizer is different from a time deposit on the following aspects:
- Term - The Trust Maximizer has no specified term of deposit unlike the time deposit. Investments in the Trust Maximizer continues to earn interest for as long as it is not withdrawn from the fund after 30 calendar days.
- Documentary Stamps - The Trust Maximizer investment is not subject to documentary stamps tax unlike time deposits.
- Yield -The Trust Maximizer yield is based on the NAVPU, which is dependent on the performance of the fund. The time deposit has a guaranteed yield based on the interest rate given at the time of placements.
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Are Trust Maximizer investments covered by PDIC?
Being a common trust fund, the Trust Maximizer is not covered by PDIC. However, it is worthy to note that, just like deposit products, the Trust Maximizer sets aside reserve requirements with the BSP for its funds, on top of the mandatory BSP reserve requirement for trust duties. Also, its operations are governed by the Trust Maximizer Declaration of Trust which has been duly approved by the Bangko Sentral ng Pilipinas. The fund audited regularly by the BSP and the EWBC's external and internal auditors. All these measures are aimed at protecting the client's investments.
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