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BPI Global Bond Fund-of-Funds
BPI GLOBAL BOND FUND-OF-FUNDS
The BPI Global Bond Fund-of-Funds 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, operating as a Fund-of-Funds, intends to achieve for its participants capital appreciation and income derived from a diversified portfolio of foreign currency-denominated fixed income collective investment schemes. Pursuant to existing BSP rules and regulations, as a Fund-of-Funds, this Fund is mandated to invest at least 90% of its assets in more than one collective investment scheme.
Investment Policy
The Fund aims to provide returns over the JP Morgan Global Aggregate Bond Index.
Features of the Fund |
|
Fund Structure: |
Unit Investment Trust Fund (UITF) |
Fund Currency: |
US Dollar |
Launch Date: |
March 3, 2014 |
Minimum Participation Amount: |
US$ 500.00 |
Minimum Additional Investment: |
US$ 200.00 |
Front-End Fee: |
Maximum of 2% (Please See Table Below) |
Minimum Holding Period: |
None |
Minimum Redemption Amount: |
US$ 200.00 |
Redemption Notice Period: |
8 Banking Days |
Trust Fee: |
0.75% |
Recommended Investment Horizon: |
At Least 3 years |
Valuation of the Fund: |
Marked-to-Market |
Initial Net Asset Value Per Unit: |
US$ 100.00 |
Features of the Fund |
|||
Fund Currency: |
US Dollar |
Benchmark*: |
JP Morgan Global Aggregate Bond Index |
Foreign Fund Manager: |
Neuberger Berman |
||
Front-End Load / Fee (Exclusive of EVAT) |
|
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
2012 |
2013 |
2014 |
2015 |
2016 |
5.19% |
-0.84% |
1.89% |
1.30% |
2.90% |