Fixed Income Funds (Peso & Dollar)
The PNB Peso Intermediate Term Bond Fund is invested in a mixed portfolio of fixed income instruments with an average duration of up to 3 years. This fund is suited for moderate clients who are willing to take some amount of controlled risk. It is not suited for clients whose primary objective is capital preservation.
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000 |
|
Class II |
₱2,000 |
|
| Min. Holding Period | 30 Calendar Days | |
| Trust Fee | 0.75% p.a. of fund value | |
| Issuance of Confirmation of Participation / Participating Trust Agreement | After 1 Banking Day | |
| Release of Proceeds | After 1 Banking Day | |
| Cut-Off Time for Participation/Redemption | 12NN | |
| NAVPU Publication | After 7PM | |
| Early Redemption Fee | 50% of Income Earned, if any | |
| Investment Horizon | Up to 3 Years | |
| Investor Risk Profile | Moderate | |
| Valuation | Mark-to-Market | |
| Investment Outlets | Bank deposits and Fixed Income instruments | |
| Benchmark | Markit iBoxx ALBI Philippines 1–3 | |
PNB Profit Dollar Intermediate Term Bond Fund
The PNB Profit Dollar Intermediate Term Bond Fund is invested primarily in deposit and Philippine fixed income securities. It is suited for investors in search of higher earning investments for their US dollar funds.
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
$1,000 |
|
Class II |
$100 |
|
| Min. Holding Period | 30 Calendar Days | |
| Trust Fee | 0.75% p.a. of fund value | |
| Issuance of Confirmation of Participation / Participating Trust Agreement | After 1 Banking Day | |
| Release of Proceeds | After 1 Banking Day | |
| Cut-Off Time for Participations/Redemptions | 11AM | |
| NAVPU Publication | After 7PM | |
| Early Redemption Fee | 50% of Income Earned, if any | |
| Investment Horizon | Up to 3 Years | |
| Investor Risk Profile | Moderate | |
| Valuation | Mark-to-Market | |
| Investment Outlets | Bank deposits and Fixed income instruments | |
| Benchmark | Moving average of the yield of a 3 Year ROP Instrument. | |
The PNB Investment Fund is a Trust Product and not a deposit account or an obligation of, or guaranteed, or insured by the Trust entity or its affiliates or subsidiaries. It is not insured or governed by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investment, yields and potential yields cannot be guaranteed. Any loss/income arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the client/participant. As such, the units of participation of the investor in the Fund, when redeemed, may be worth more or be worth less than his/her initial investment/contributions. Historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future result. The trustee is not liable for losses unless upon willful default, bad faith or gross negligence.