Metro$ Money Market Fund (USD)
The Metro$ Money Market Fund is a USD-denominated low-risk investment that is invested in USD-denominated deposits and other money market instruments.
Here’s what you need to know about this fund:
| Fund Name | Metro$ Money Market Fund |
|---|---|
| Fund classification | Money Market Fund |
| Fund Benchmark | 3 Month PHP Treasury Bill Yield, net of applicable taxes |
| Inception Date | June 18, 2018 |
| Base Currency | US dollar |
| Investor risk profile | Conservative |
| Investment horizon | At least 30 days |
| 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 | USD 500 |
| Minimum Additional Participation / Redemption Amount | USD 100 |
| Minimum Holding Period | None |
| Trust fee | 0.375% per annum based on Net Asset Value |
| Early redemption charge | None |
| Redemption settlement date | 1 banking day after redemption date (At end-of-day) |
| NAVPU Availability | Day 1 (At end-of-day) |
| Qualified Participants | Filipino individuals, resident and non-resident aliens, and corporate accounts |
What is investment horizon?
The investment horizon is the recommended amount of time you should stay invested in this USD money market fund so that you can reap its full benefits. The investment horizon for the Metro$ Money Market Fund is at least 30 days.
What is the minimum holding period?
The minimum holding period is the minimum amount of time you should stay invested in this fund. If you redeem or withdraw your money within the minimum holding period, you will incur an early redemption charge.
The Metro$ Money Market Fund does not have a minimum holding period. You can redeem as early as the next banking day, without any additional cost.
What is dealing day?
The dealing day is when you can do transactions related to the fund. Any transactions made after the fund’s cut-off 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 investment is credited to your settlement account. The redemption settlement date for this dollar money market fund is one banking day after the redemption date (At end-of-day).
The Benefits
The Metro$ Money Market Fund Market Fund is a USD-denominated money market fund that offers liquidity and safety for your US Dollars. This is ideal for investors with conservative risk profiles. Having a 30-day time horizon, this fund is best for your short-term investment goals.
Talk to us at Metrobank to get started.
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
- 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).
