The PNB Unit Investment Trust Funds (UITF’s) are trust products, not bank deposits. Participation in the funds do not carry any principal protection, has no guaranteed rate of return and is not insured by the Philippine Deposit Insurance Corporation (PDIC).
Investments are valued daily using the marked-to-market methodology and are subject to fluctuations depending on prevailing market conditions. Historical performance is purely for reference purposes and not a guarantee of future results.
Any income or loss is for the account of the Trustor. The Trustee is not liable for losses except for gross negligence, fraud or bad faith.
All UITF’s are subject to trust fees, custodianship fees, taxes and other related charges. Investors may submit their participation or notice of redemption on or before 11:00 of any banking day. All participations and redemptions will be valued using end of day Net Asset Values (NAV). A pre-termination fee will be imposed for redemptions made before the lapse of the fund’s minimum holding period.
PNB UITF’s are suitable for investors who are willing to take some amount of controlled risk. A copy of the Declaration of Trust as well as a regular quarterly report on the outstanding investment of each fund are available at the principal office of the Trustee.