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Unit Investment Trust Funds

Through our affiliate, PLPI Financials and Insurance Brokers, Inc. (PFIBI), we also offer Unit Investment Trust Funds (UITF).

A UITF is an investment vehicle offered and managed by a trust department of a bank. These funds are invested in various securities according to the policies, investment strategies and objectives of the fund. The Fund is regulated by the Bangko Sentral ng Pilipinas (BSP).

The Fund issues units of participation and the price of a UITF is known as the Net Asset Value per Unit or NAVPU, which is determined at the end of each business day. This is calculated by subtracting the fund’s liabilities from the fund’s market value divided by the number of outstanding units. 

As an investor, you will have the following benefits: 


Professional Management 

One of the main attractions of UITFs is that it affords its investors, particularly the small ones, the services of full time investment managers whose job is to analyze and select investment products which would give the best possible returns to the fund and its shareholders. 


Low Capital Requirement 

A key advantage of UITFs is they offer investors access to professional money management for a relatively low minimum investment.



UITFs are invested in a wide array of securities that can lower overall risk without necessarily reducing returns.



UITFs can be redeemed at any time based on the prevailing Net Asset Value Per Unit. 



UITFs are registered with and highly regulated by the BSP. It functions within strict regulations designed to protect the interest of the investors. 


Potentially Higher Returns 

Because a mutual fund is managed as a single portfolio, it is able to take advantage of certain economies of scale and has access to investments with higher returns.


What are the risks in investing in a UITF?


1.       Investments are not guaranteed


Investments are priced daily. Since it is marked to market daily, it does not have fixed returns.


2.       Value of the Fund may Go Up or Down


The value of your investment can fluctuate daily, based on current market prices of the underlying assets.


3.       Not Covered by PDIC


Fund is not a deposit product and therefore the principal is not insured by the Philippine Deposit Insurance Corporation


How do I compute for the units I purchased?


When you invest in a UITF, you will get an equivalent no. of units on your investment. Below is an example on how to compute your no. of units:



 Investment/Subscription Date

 Odyssey Philippine Equity Fund

 January 1, 2014

 NAVPS on January 1, 2005


 Total Amount Invested

 P 1,000,000.00

 Front-End Load / Fee (0.75% of Amount Invested)

 P  7,500.00

 Total Net Amount Invested (P 1,000,000 – P 7,500)

 P  992,500.00

 No. of Units (P 992,500 / 387.50)

 2,561.2903 units


How do I compute for the units I redeemed and the gain/profit I earned from my investment?


When you already want to withdraw or redeem your units in the fund, the Redemption Amount and your Net Gain is computed as follows:




 Redemption Date

 Odyssey Philippine Equity Fund

 December 29, 2014

 NAVPS for June 15, 2005


 No. of Units


 Redemption Amount (No. of units x NAVPS)

 P  1,261,845.28

 Net Gain (P 1,261,845.28 - P 1,000,000)

 P  261,845.28



Invest Now! Choose from a Variety of UITFs below:

BPI Short Term Fund

Odyssey Peso Bond Fund

Odyssey Peso Medium Term Bond Fund

Odyssey Diversified Balanced Fund

Odyssey Philippine Equity Fund

BPI Philippine Equity Index Fund

BPI Philippine Infrastructure Equity Index Fund

BPI Philippine Consumer Equity Index Fund

Odyssey Philippine High Conviction Fund

BPI US Dollar Short Term Fund

Odyssey Philippine Dollar Bond Fund

Odyssey Asia Pacific High Dividend Equity Fund

BPI US Equity Index Feeder Fund

BPI European Equity Index Feeder Fund

BPI Global Bond Fund-of-Funds



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