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INFINITY DOLLAR TRUST MAXIMIZER UITF |
| Product Positioning: |
A Fixed-Income Unit Investment Trust Fund, the Dollar Trust Maximizer UITF is a retail investment alternative with potential to earn yields higher than the traditional bank deposit. Customer suitability is advised. |
| Target Market: |
Medium-sized individuals with dollar funds who are looking for a an affordable dollar investment with potentially higher returns at moderate price volatilities. |
| Product Disclaimer: |
1. The UITF is not a deposit product, so investments are not PDIC insured;
2. The UITF's assets are marked-to-market daily and as such, asset value per share may fluctuate according to most recent market prices;
3. Past historical performance of the UITF is not reflective of future performance of the funds. The UITF does not guarantee a fixed rate of return to client.
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| Product Benefit: |
Affordable Investment Requirement
Opportunity for capital gain
Diversified Investment Portfolio
Liquidity
Hedge against peso devaluation
Professional Management of Fund
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| Investment Horizon: |
At least one (1) year |
| PRODUCT FEATURES: |
| Minimum Initial / Additional Participation: |
Two Thousand US Dollar (US$2,000.00) |
| Term: |
Minimum holding period of thirty (30) days. The holding period is not the maturity period. After the holding period client can withdraw anytime during the trading hours. If no withdrawal is made after the holding period. The placement will continue to earn as long as the funds stay with the bank. |
| Yield: |
NAV based; BSP prohibits the guaranteeing of yields for UITFs |
| Interest Computation: |
Prevailing NAVPU X No. of Units |
| Modes of Acceptance: |
Dollar Notes, Dollar Corporate Check, Traveller's Check (subject to Bank Charges), Managers Check, Debit from SA/CTD, Inward Remittances (subject to regular "crediting" period and bank charges) via PDDTS / Telegraphic Transfer, US Treasury Notes (subject to approval of President and EVP), Money Gram (Western Union), Draft from other Banks (subject to clearing period depending on issuer bank). |
| 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)
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| Investment Portfolio: |
Sovereign bonds (US & ROP) Other dollar denominated bonds to be approved for investment by the Trust Committee/Board of Directors. |
| CHARGES AND FEES |
| Trust Fee: |
At 1.5% p.a. based on NAV of the Fund. Maturity proceeds computed net of trust fees. |
| Withholding Tax: |
7.5% final withholding tax (NAV is already net of tax) |
| Pre-Termination Penalty: |
FCDU Savings Rate or Prevailing NAVPU X NO. of UNITS whichever is LOWER |
| Trading Hours: |
Acceptance of Placement 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. |
