Fund Classification Money Market Fund
Fund Objective Caters to investors with moderate risk profile, wanting ready access to their funds but would still like their money to keep on working as they wait for the next investment opportunity.
Minimum Initial Investment Php5,000.00
Minimum Additional Investment Php1,000.00
Minimum Maintaining Balance Php5,000.00
Minimum Holding Period 3 banking days
Cut-off time for Investment/Redemption Notification12:00 noon daily
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% of amount redeemed
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 peso-denominated bank deposits, fixed-income instruments issued by the Philippine government and prime corporate entities
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) 885-5878, 885-5867, 885-5862, 885-5858.
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.