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BPI Short Term Fund

 

BPI SHORT TERM FUND

 

The BPI Short Term Fund (the “Fund”) is a Unit Investment Trust Fund (UITF) established under the authority of the Bangko Sentral ng Pilipinas (BSP).

 



Management of the Fund


Investment Manager


BPI Asset Management and Trust Group


Partner Institution


PLPI Financials and Insurance Brokers, Inc.


Custodian


Hongkong and Shanghai Banking Corporation Limited

 

Investment Objective 

 

The Fund aims to generate liquidity and stable income by investing in a diversified portfolio of primarily short-term fixed income instruments.

 

Investment Policy 

 

The Fund aims to provide excess return over the return of the 91-day Philippine Treasury Bill, net of tax.

 



Features of the Fund


Fund Structure:


 Unit Investment Trust Fund (UITF)


Fund Currency:


 Philippine Peso


Launch Date:


 April 4, 2005


Minimum Participation Amount:


 P 10,000.00


Minimum Additional Investment:


 P  1,000.00


Front-End Fee:


 Maximum of 2% (Please See Table Below)


Minimum Holding Period:


 None


Minimum Redemption Amount:


 P  1,000.00


Redemption Notice Period:


 1 Banking Day


Trust Fee:


 0.05%


Recommended Investment Horizon:


 At least 1 year


Valuation of the Fund:


 Marked-to-Market


Initial Net Asset Value Per Unit:


  P 100

 



Front-End Load / Fee (Exclusive of EVAT)


Amount of Investment


Front-End Fee


1,000 - 99,999


2.00 %


100,000 - 299,999


1.75 %


300,000 - 499,999


1.50 %


500,000 - 699,999


1.25 %


700,000 - 999,999


1.00 %


1,000,000 - up


0.75%

 

Historical Return



2012


2013


2014


2015


2016


2.80%


1.50%


1.12%


1.43%


1.43%

 

 

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