Philippine Stock Index Fund
PHILIPPINE STOCK INDEX FUND
The Fund was incorporated on December 11, 2002. The Fund’s main business is to invest the proceeds in equity securities that comprise the Philippine Stock Exchange Composite Index (“PSEi”) in the same weights as in the Index.
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Management of the Fund |
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Investment Manager |
BPI Investment Management, Inc. |
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Distributor |
Bonds, Equities, Securities and Traders, Inc. |
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Custodian |
Hongkong and Shanghai Banking Corporation Limited |
Investment Objective
The investment objective of the Fund is to provide returns that track the performance of the Philippine Stock Exchange Composite Index (“PSEi”). Due to its inherent nature, PSIF can be classified as high risk given the wide swings in the stock market. The Funds shall best cater to investors who are aware of risks in investing in stocks and who believe in the upside potential of the Philippine stock market.
Investment Policy
The Fund aims to track the performance of the Philippine Stock Exchange Composite index (PSEi). The fund shall invest substantially the Fund's assets in the stocks comprising the PSEi in the same weights as in the index.
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Features of the Fund |
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Fund Structure: |
Mutual Fund |
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Fund Currency: |
Philippine Peso |
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Launch Date: |
March 14, 2003 |
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Minimum Participation Amount: |
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Minimum Additional Investment: |
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Front End Fee: |
Maximum of 1.5% |
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Minimum Holding Period: |
180 Days |
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Early Redemption Penalty: |
1% of Redemption Amount |
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Minimum Redemption Amount: |
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Redemption Notice Period: |
5 Banking Days |
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Trust Fee: |
1.20% per annum |
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Recommended Investment Horizon: |
At least 2 to 3 years |
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Valuation of the Fund: |
Marked-to-Market |
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Initial Net Asset Value Per Unit: |
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Front-End Load / Fee (Exclusive of EVAT) |
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Amount of Investment |
Front-End Fee |
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5,000 - 99,999 |
1.50 % |
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100,000 - 299,999 |
1.25 % |
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300,000 - 499,999 |
1.00 % |
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500,000 - 699,999 |
0.75 % |
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700,000 - 999,999 |
0.50 % |
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1,000,000 - up |
0.25 % |
Historical Return
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Equity Funds |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
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Phil. Stock Index Fund |
15.01% |
42.30% |
21.41% |
-48.29% |
63.00% |
37.62% |
3.89% |
34.74% |