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Overview (/personal/investments/) UITF (https://www.securitybank.com/personal/investments/unit-investment-trust-funds/)

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Unit Investment
Trust Funds (UITF)
Begin investing with just PHP 10,000 Security Bank
offers UITFs with options for every risk appetite.

Invest Now (/personal/investments/unit-investment-trust-funds/online-uitf-application/?websource=main-u


Estimate Your Returns (/personal/investments/unit-investment-trust-funds/uitf-returns-calculat

What is a UITF (Unit Investment Trust Fund)?


A UITF is a curated investment fund that is managed by experts to ensure high yield and quality returns. You can enjoy the prots of a diversied portfolio by
purchasing units of participation in the fund. It's the perfect investment option if you don't have the time or knowledge for actual stock trading because it lets
experts manage your investments through securities, bonds, equities, and other best-in-class instruments.

Choose from our Investment Options


Conservative Moderate Aggressive

Click on the
icons for
details of the (/personal/investments/unit- (/personal/investments/un
(/personal/investments/unit- investment-trust-funds/sb- (/personal/investments/unit- (/personal/investments/unit- (/personal/investments/unit- investment-trust-funds/sb
fund investment-trust-funds/sb- investment-trust-funds/sb- investment-trust-funds/sb- investment-trust-funds/sb-
peso-money-market-fund/) intermediate-term-peso- peso-bond-fund/) dollar-bond-fund/) peso-asset-variety-fund/) philippine-equity-index-
bond-fund/) fund/)

SB MONEY MARKET FUND SB INTERMEDIATE TERM PESO SB PESO BOND FUND SB DOLLAR BOND FUND SB PESO ASSET VARIETY FUND SB PHILIPPINE EQUITY INDE
Type of UITF BOND FUND FUND

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Recommended
Investment 3-6 Months At least 1 Year At least 1 Year At least 1 Year 1-3 Years 1-3 Years
Time Horizon

Minumum
Investment Php 10,000 Php 10,000 Php 10,000 $ 1,000 Php 10,000 Php 10,000

Minimum
Additional Php 5,000 Php 5,000 Php 5,000 $ 100 Php 5,000 Php 5,000
Participation

Trust Fees Per


Annum 0.20% 0.70% 1.00% 0.75% 1.50% 1.00%

Learn More > Learn More > Learn More > Learn More > Learn More > Learn More >
(/personal/investments/unit- (/personal/investments/unit- (/personal/investments/unit- (/personal/investments/unit- (/personal/investments/unit- (/personal/investments/un
investment-trust-funds/sb- investment-trust-funds/sb- investment-trust-funds/sb- investment-trust-funds/sb- investment-trust-funds/sb- investment-trust-funds/sb
peso-money-market-fund/) intermediate-term-peso- peso-bond-fund/) dollar-bond-fund/) peso-asset-variety-fund/) philippine-equity-index-
bond-fund/) fund/)

*We have changed the benchmarks of our Unit Investment Trust Funds (UITFs) with investments in Philippine Peso denominated bonds from the HSBC Philippines Local
Bond Index to the Bloomberg Philippine Sovereign Bond Index. Please click here (/equity-funds-update/) for the full announcement.

Why Invest in UITFs?

Diversication Liquidity Affordability

Investments (and risk) are spread across various You can subscribe and redeem You can start investing in UITFs with just
asset baskets industry wide. on any banking day. P10,000.

Professional Fund Management Transparency Regulated Product

Seasoned fund managers constantly monitor You can check the value of your investment Management and regulation of UITFs are
markets for opportunities. daily with NAVPU. governed by the Bangko Setral ng Pilipinas.

Are you ready to invest in UITFs?

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Yes, I want to invest in No, I want to learn


UITFs right now. more about investing.
Apply Online > Estimate My Returns >
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investment-trust-funds/online- investment-trust-funds/uitf-
uitf-application/? returns-calculator/?
websource=main-uitf-cta) websource=main-uitf-cta)

Frequently Asked Questions


1. What is a UITF?

A UITF (or Unit Investment Trust Fund) is an open-ended pooled trust fund denominated in pesos or any acceptable currency, which is operated
and administered by a trust entity. Each UITF Fund is governed by a Declaration of Trust (or Plan Rules) which contains the mechanics for
investing, operating, and administering the fund. The funds are then invested by a team of professional portfolio managers in various other
deposits and securities. Individuals and institutions take part in the UITF by purchasing units of participation in the fund.

2. What is the difference between Mutual Fund and UITF?

UITFs and Mutual Funds are both investment vehicles where you join other investors and companies to pool a fund, which will be handled by a
professional fund manager. This fund will be invested in a diversied basket of stocks, bonds, and other similar funds. Investing in UITFs buys you
units in the fund while investing in Mutual Funds buys you shares. In addition, most Mutual Funds charge a front-end load, which can be as much
as 2% of the initial investment, while UITFs typically do not.

3. What are the fees involved?

The trustee shall charge the fund for management fees, taxes and qualied expenses. The trust fee shall differ for each type of fund and will cover
the costs of investment research, management, marketing and routine administrative expenses of the trustee. Note that the taxes are already
withheld by the trustee so the NAVPU is already net of fees and taxes.

4. What are the risks of investing in a UITF?

Because the assets of the UITF are valued based on the prevailing market price, there is a possibility that investments in the fund may go up or
down. There are no guarantees of principal nor income. Losses, if any, shall be for the risk of the UITF investors. UITFs are governed by BSP
regulations but are not deposit products, hence are not covered by the Philippine Deposit Insurance Corporation (PDIC).

5. What does "open-ended pooled trust fund" mean?

A UITF is an open-ended investment, meaning the fund will continue to be managed with no predened term or termination date. It is up to the
investor to determine how long he wants to keep his funds invested. However, investors should keep in mind that there is a minimum holding
period for each fund, and redemption within the minimum holding period will be subject to a penalty of 0.50% of the total redemption amount.

6. What does "made available by participation" mean?

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A client invests in a UITF by purchasing units of participation in the fund. The units of participation represent the investor's proportionate share in
the total value of the fund. As an investor in the fund, the client does not own any specic asset of the fund, only a proportionate share in all of
the fund's assets.

7. How is a fund different from a bank deposit?

There are several major differences between UITF investments and bank deposits. First, the UITF is a trust product and is managed by the Trust
Department of the bank. Second, investments in the UITF are marked to market. Their value can go up or down on a daily basis, depending on the
market value of the underlying investments. Third, there is no guaranteed rate of return that the fund will provide. For reference, the fund's past
performance is available. However, it is important to note that past performance is not necessarily indicative of future performance. Fourth, as a
result of the daily uctuations in market value, the principal is not protected. Fifth, the UITF is not covered by PDIC Insurance.

8. How can an investor compare the performance of the trustee versus other trust entities?

All trust entities offering UITF products are required to publish the fund's prevailing NAVPU as well as the year-on-year and the year-to-date
return on investment in major dailies at least once a week. The investor should, however, compare performance of products with similar
investment parameters for a more objective evaluation.

9. How is a UITF valued?

The UITFs are valued using the mark to market (MTM) method. The term "mark to market" means that the underlying investments of the fund
are valued at "fair market value" or the current price at which that asset can be bought or sold. With MTM, investors get an accurate indication of
what their units are currently worth.

Net Asset Value (NAV) The Net Asset Value of the fund is the sum total of all the funds' underlying assets less fees and liabilities.

Net Asset Value per Unit (NAVPU) The NAVPU represents the price per unit of participation. It is computed as the NAV divided by the total
number of units of participation in the fund.

10. Which NAVPU is used when I subscribe or redeem?

When an investor subscribes to the fund, the number of units that he will obtain will be based on the NAVPU that will be released at the end of
the banking day. Similarly, when an investor redeems, the NAVPU that will be used for computing the redemption proceeds is the NAVPU that
will be published at the end of the day.

11. Can a client invest in more than one type of UITF?

Yes. Clients may diversify their investments across various UITFs as long as the funds are in line with their own investment objective and they can
tolerate the risks involved with the funds.

12. Which type of UITF is suitable to an investor?

When choosing a UITF, an investor should identify their needs and goals and match them against the investment parameters of the product. To
determine the clients' suitability to a fund, the following factors have to be considered: investment capacity, or the amount available for
investment; investment horizon, or how long a client can stay in the fund; risk prole, or how much price volatility the client is willing to take; and
investment objective; whether client wants income or capital growth.

13. Is there an indicative or guaranteed rate of return for UITF products?

No. Since UITFs are subject to the mark to market valuation method, the NAVPU may uctuate depending on the volatility of the market. The
return gures published by Security Bank only represent how the fund has performed in the past. This does not necessarily mean that the fund
will give the same return over a similar period of time in the future.

14. How do investors keep track of the value of the UITF investment?

After subscribing into the UITFs, the client will receive a Conrmation of Participation or COP which states the total number of units that the
investor was able to buy, and at what NAVPU those units were bought at. The investor can nd out the value of his current investments by
multiplying the total number of units he holds by the latest available NAVPU, which is published daily on the Security Bank website at
http://www.securitybank.com/market-information/navpu/ (/market-information/navpu/)

15. When does the investor get the proceeds of the UITF investment?

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Payment to the investor will depend on the settlement period prescribed by the trustee. This may vary depending on the nature and settlement
convention of the investments of the UITF product.

16. In what instruments can a trustee invest the fund?

The character and kind of investments which may be made by the trustee depend on the investment parameters set forth in the UITF Declaration
of Trust or Plan Rules. BSP Regulations, however, prescribe that UITF fund investments shall be limited to bank deposits, securities issued by or
guaranteed by the Philippine government or the BSP, tradable securities issued by the government of a foreign country, any political subdivision
of a foreign country or any supranational entity, exchange listed securities, marketable instruments that are traded in an organized exchange,
loans traded in an organized market, such other tradable investments as the BSP may allow.

Disclaimer: 1The contents herein are intended for qualied investors or buyers and not for the nancially unsophisticated investors. This material is not intended to be
comprehensive and does not purport to contain all the information that a prospective investor may require. The investor should not rely solely thereon without making any
independent analysis or research on the topic therein. This material is not intended as a substitute for sound investment or risk management advice. No representation or
warranty as to its accuracy, reasonableness or completeness, express or implied is hereby made. Past performance is not indicative of future returns. Returns may
uctuate depending on market price movements. In no case shall this material be taken as an offer to engage in investment or trading. The contents are herein subject to
change without prior notice.2The NAVPU is only indicative of the value of investment as of a certain date. However, for redemption, please note that the NAVPU will be
not be known until the end of a certain business date.3Investments in UITFs are trust agreements, not deposit accounts. They do not have a guaranteed rate of return and
are not insured by the Philippine Deposit Insurance Corporation (PDIC). Any loss or income of the fund is for the account of the Trustor/Investor. Historical
performance, when presented, is purely for reference and not a guarantee of future results. Charges made against the fund are in the form of trust fees, taxes and
qualied expenses. The Trustee (Security Bank - Trust Division) is not liable for the losses except for gross negligence, fraud or bad faith.

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