Fund Classification Money Market Fund
Fund Objective The Fund intends to achieve for its participants liquidity and to potentially earn higher than USD time deposits. The Fund aims to achieve this objective by investing in fixed income securities mostly time deposits, special savings accounts, government securities with a portfolio weighted average duration of not more than one (1) year.
Minimum Initial Investment US$500.00
Minimum Additional Investment US$100.00
Minimum Maintaining Balance US$500.00
Minimum Holding Period 7 calendar days
Cut-off time for Investment/Redemption Notification12:00 noon daily (or 11:00am for Investment Notifications done online)
WithdrawabilityAnytime, but subject to early redemption charge if redeemed before the lapse of the minimum holding period
Settlement/Payment Date T+1
Early Redemption Charge 1.5% p.a. of the proceeds
Trust Fees0.25% p.a.
Mode of Participation/RedemptionUnit Method based on prevailing Net Asset Value per Unit (NAVPu) at the end of day of transaction date
Investment Disposition Mainly US$-denominated bank deposits
Investment Valuation Marked-to-Market
Third Party Custodian Deutsche Bank
External Auditor SGV & Company
Product Availability All CBC branches nationwide
For documentation requirements and other details, please call China Bank - Trust and Asset Management Group at (632) 8885-5878, 8885-5867, 8885-5862, 8885-5858.
DISCLOSURE. Part of the account opening procedures for UITFs covers the discussion of the attendant risks as well as the conduct of a client suitability assessment by UITF-accredited personnel to ensure the proper matching of the product with the client's risk profile. Participation in the UITF is by way of units based on the prevailing Net Asset Value per Unit or NAVPu at the end of day of transaction date. The NAVPu is computed daily and available at China Bank branches, the Trust Group and the China Bank website (www.chinabank.ph). The NAVPu is inclusive of the applicable trust fee as well as third party custodianship and external auditor's fees. UITFs are not deposit accounts and, as such, are not covered by the Philippine Deposit Insurance Corporation (PDIC). Due to daily marking-to-market of investments, the value of the UITF may fluctuate depending on prevailing market conditions. Any income or loss that may result from the performance of the Fund shall be for the account of the participant. Historical return is for indication purposes only and is not a guarantee of future results. The list of existing and prospective investments and the financial performance of the Fund are updated on a regular basis and, together with the Declaration of Trust, are made available to participants upon request.