Metro High Dividend Yield Unit Paying Fund (PHP)
The Metro High Dividend Yield Unit Paying Fund aims to achieve income and capital appreciation for its participants by investing in portfolio of listed stocks which are expected to provide above average returns mainly from the distribution of cash and special dividends.
Here’s what you need to know about this fund:
| Fund Name | Metro High Dividend Yield Unit Paying Fund |
|---|---|
| Fund classification | Equity - Unit Paying |
| Fund Benchmark | Philippine Stock Exchange Dividend Yield Index (PSE DivY) |
| Inception Date | October 10, 2014 |
| Base Currency | Philippine peso |
| Investor risk profile | Aggressive |
| Investment horizon | At least 5 years |
| Dealing day and cut-off | Any banking day, up to 12:00 PM for branch and 2:30 PM for electronic channels |
| Minimum initial investment / maintaining balance | PHP 10,000 |
| Minimum Additional Participation / Redemption Amount | PHP 1,000 |
| Minimum Holding Period | 7 calendar days |
| Trust fee | 1.25% per annum based on Net Asset Value |
| Early redemption charge | 50% of income earned from the redeemed amount |
| Redemption settlement date | 2 banking days after redemption (At end-of-day) |
| NAVPU Availability | Day 1 (At end-of-day) |
| Qualified Participants | Filipino individuals, resident and non-resident aliens, and corporate accounts |
| Unit Paying Distribution Frequency (For Unit Paying Funds) | Semi-annual (Every 4th Monday of April and October) |
| Settlement of unit income distribution (For Unit Paying Funds) | 1 banking day after scheduled distribution date |
What is the new Metro High Dividend Yield Unit Paying Fund?
The Metro High Dividend Yield Unit Paying Fund is an actively-managed peso-denominated equity fund that aims to achieve for its participant's income and capital appreciation by investing in a portfolio of listed stocks which are expected to provide above average returns mainly from the distribution of cash and special dividends.
What is a UITF with a Unit Paying feature?
This pertains to the UITF feature where the income of the Fund is distributed to participants. The income for distribution is converted into equivalent units called unit income.
What happens to the NAVPU of the fund after the income distribution?
The Net Asset Value (NAV) of the fund is expected to decrease at the distribution schedule as a result of the liquidation of the unit income. Consequently, this will cause a dip in the Net Asset Value per Unit (NAVpu) of the fund.
What is an investment horizon?
This is the recommended amount of time you should stay invested in this fund so that you can reap its full benefit.
What is minimum holding period?
This is the period from the date of your investment where redemptions will be subject to an early redemption charge and will be deducted from your redemption proceeds.
What is dealing day?
This is when you can do transactions related to the fund. Any transactions made after the fund’s cut-off time will be processed on the next banking day.
What is redemption settlement date?
Withdrawing your investment, whether partial or in-full, is called redemption. The redemption date is when you order a redemption. Meanwhile, the redemption settlement date is when your redemption proceeds are credited to your settlement account (At end-of-day).
Additional fund information
Check the performance, governing terms and provisions, and other important details about this fund by viewing the following:
- Key Information and Investment Disclosure Statement (KIIDS)
- Declaration of Trust
- Audited Financial Statements
Learn more about this fund here.
Unit Investment Trust Funds (UITFs) are NEITHER deposits account NOR obligations of, NOR guaranteed, NOR insured by the METROPOLITAN BANK & TRUST COMPANY or its affiliates or subsidiaries. UITFs are not covered by the Philippine Deposit Insurance Corporation (PDIC) and do not offer a guaranteed return or yield. Any income or loss arising from market fluctuations and price volatility of the securities held by the UITF, even if invested in government securities, is for the account of the investor/s. As such, units of participation of the investor/s when redeemed, may be worth more than or less than his/her initial investment/principal. Historical performance is purely for reference purposes and is not an assurance of future performance. The Trustee is not liable for investment losses unless such was incurred upon willful default, bad faith or gross negligence.
Prospective clients undergo a profiling process to determine their suitability to invest in a particular UITF based on their investment objectives and risk tolerance. Clients are advised to read the Declaration of Trust/Plan Rules of the Fund, which may be obtained from the Trustee, before making a decision to invest.
Investors in the UITF are susceptible to different kinds of risks with varying degrees depending on the underlying securities of the UITF they choose and a clear understanding of these risks must be established before any investment is made. A detailed explanation of these risks may be found in the Key Information and Investment Disclosure Statement (KIIDS) of each UITF.
Fees other than the Trust/Management Fee, such as External Audit and Custodianship Fees are described more thoroughly in the Key Information and Investment Disclosure Statement (KIIDS) of the Funds.
Metropolitan Bank and Trust Company is regulated by the Bangko Sentral ng Pilipinas (BSP). For any inquiries and complaints relating to Trust Products and Services, you may 1) call our hotline: 88-700-700, (2) send an email to [email protected]; or 3) visit/call/email your assigned Trust Sales Officer or the Branch Manager of your servicing branch. You may also file complaints at BSP Financial Consumer Protection Department at (632) 8708-7087 or [email protected]. To know your rights under BSP Circular No. 857 (Regulations on Financial Consumer Protection), please access a copy at the BSP website (www.bsp.gov.ph).
