Odyssey Philippine Dollar Bond Fund
ODYSSEY PHILIPPINE DOLLAR BOND FUND
The Odyssey Philippine Dollar Bond Fund is a Unit Investment Trust Fund (UITF) established under the authority of the Bangko Sentral ng Pilipinas (BSP).
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Management of the Fund |
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Investment Manager |
BPI Asset Management and Trust Group |
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Distributor |
PLPI Financials and Insurance Brokers, Inc. |
|
Custodian |
Hongkong and Shanghai Banking Corporation Limited |
Investment Objective
The objective of the Fund is to achieve capital appreciation and income growth in US dollar terms by investing in a diversified portfolio of US dollar denominated fixed income instruments issued by the Philippine government, corporations, and financial institutions.
Investment Policy
The Fund aims to outperform its benchmark (gross of fees) which is the JP Morgan Chase Asia Total Returns Philippines Index.
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Features of the Fund |
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Fund Structure: |
Unit Investment Trust Fund (UITF) |
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Fund Currency: |
US Dollar |
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Launch Date: |
May 5, 2003 |
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Minimum Participation Amount: |
US$ 500.00 |
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Minimum Additional Investment: |
US$ 100.00 |
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Front-End Fee: |
Maximum of 2% (Please See Table Below) |
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Minimum Holding Period: |
None |
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Minimum Redemption Amount: |
US$ 100.00 |
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Redemption Notice Period: |
5 Banking Days |
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Trust Fee: |
1.25% |
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Recommended Investment Horizon: |
More than 3 years |
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Valuation of the Fund: |
Marked-to-Market |
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Initial Net Asset Value Per Unit: |
US$ 10.00 |
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Front-End Load / Fee (Exclusive of EVAT) |
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|
Amount of Investment |
Front-End Fee |
|
100 - 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
|
Bond Funds |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
|
Odyssey Phil. Dollar Bond Fund |
16.04% |
13.67% |
6.42% |
12.84% |
23.67% |
13.74% |
9.01% |
14.73% |