Metro Aspire Bond Feeder Fund
The Metro Aspire Bond Feeder Fund is an affordable medium-risk investment that aims to help you to start your investment portfolio for as low as Php 1,000 and help you build the habit of investing regularly with its auto-invest feature.
If you want to invest in affordable low to medium-risk investments, here’s what you need to know:
| Fund Name | Metro Aspire Bond Feeder Fund |
|---|---|
| Fund classification | Feeder Fund - Fixed Income |
| Fund Benchmark | Markit iBoxx ALBI Philippines 1-5 Index |
| Inception Date | August 27, 2015 |
| Base Currency | Philippine Pesos |
| Investor risk profile | Moderate |
| Investment horizon | At least 3 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 1,000 |
| Minimum monthly contribution | Increments of PHP 500 |
| Trust fee | None (charged at target fund level) |
| Early redemption charge | None |
| Redemption settlement date | 1 banking day 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 |
| Target fund/s | Metro Max-5 Bond Fund |
| Minimum build-up period | At least 2 years |
| Regular schedule for automatic debiting of monthly contribution | Every 15th or 30th of the month (or the next banking day if it falls on a weekend or holiday) |
| Re-enrollment fee | PHP 100 (if you re-enroll after 1 month of cancelling your regular subscription plan) |
What are Metro Aspire Feeder Funds?
The Metro Aspire Feeder Funds are medium- and high-risk investments that make investing affordably easy to everyone. These funds require a build-up period which is the length of time you make contributions to your investment on a monthly basis through an auto-debit feature.
The Benefits
The Metro Aspire Bond Feeder Fund is a medium-risk investment. A feeder fund structure mandates the fund to invest 90% of its assets in a single collective investment scheme (CIS) or target fund. This is so clients can access each funds’ target fund at a more affordable price point. This low-budget investment that starts at P1,000 lets you start investing in funds that would have cost P10,000 if you were to invest in it yourself.
When it comes to investing in feeder funds, you know you’re in good hands with Metrobank.
Visit your Metrobank branch to know more about the benefits of feeder funds.
Additional fund information
Check the performance, governing terms and provisions, and other important details about this fund by viewing the following:
- Key Information and Investor Disclosure Statement (KIIDS)
- Declaration of Trust
- Audited Financial Statements
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).
