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BPI US Dollar Short Term Fund

 

BPI US DOLLAR SHORT TERM FUND

 

The BPI US Dollar Short Term Fund (the “Fund”) is a Unit Investment Trust Fund (UITF) established under the authority of the Bangko Sentral ng Pilipinas (BSP). The Fund was approved to be converted to a U.S. Dollar-denominated money market fund last March 6, 2015. It has likewise been renamed to the BPI U.S. Dollar Short Term Fund last June 1, 2015.

 



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 intends to achieve for its Participants liquidity and stable income derived from a diversified portfolio of foreign currency-denominated short-term fixed income instruments.

 

Investment Policy 

 

The Fund aims to provide absolute returns in excess of the return of the 3-month U.S. Treasury Bill.

 



Features of the Fund


Fund Structure:


 Unit Investment Trust Fund (UITF)


Fund Currency:


 US Dollars


Launch Date:


 August 30, 1994 / March 6, 2015*


Minimum Participation Amount:


 $ 500.00


Minimum Additional Investment:


 $ 200.00


Front-End Fee:


 Maximum of 2% (Please See Table Below)


Minimum Holding Period:


 None


Minimum Redemption Amount:


 $ 200.00


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:


  $ 200.00

* The Fund was approved to be converted to a U.S. Dollar-denominated money market fund last March 6, 2015

 



Front-End Load / Fee (Exclusive of EVAT)


Amount of Investment


Front-End Fee


200 - 4,999


2.00 %


5,000 - 14,999


1.75 %


15,000 - 24,999


1.50 %


25,000 - 34,999


1.25 %


35,000 - 49,999


1.00 %


50,000 - up


0.75%

 

Historical Return



2016


1.12%

 

 

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