Metrobank PERA Equity Fund
PERA, short for Personal Equity and Retirement Account, is a voluntary retirement account that was signed into law on August 22, 2008, under the Republic Act No. 9505.
With the Metrobank PERA Equity Fund, investors can achieve investment returns that track the performance of the Philippine Stock Exchange Index (PSEi). Gains from this equity index fund are tax-exempt in accordance with the PERA law.
Here’s what you need to know about this fund:
| Fund Name | Metrobank PERA Equity Fund |
|---|---|
| Fund classification | Equity |
| Fund Benchmark | Philippine Stock Exchange Index (PSEi) |
| Inception Date | October 1, 2020 |
| Base Currency | Philippine peso |
| Investor risk profile | Aggressive |
| Investment horizon | At least 5 years |
| Minimum initial investment / maintaining balance | PHP 5,000 |
| Minimum Additional Participation / Redemption Amount | PHP 5,000 |
| Minimum Holding Period | 30 calendar days |
| Trust fee | 1.00% p.a. based on Net Asset Value (NAV) |
| Early redemption charge | 50% of total income earned from the redeemed amount |
| Redemption settlement date | 2 banking days after the transaction date and upon instruction of the PERA Administrator (At end-of-day) |
| NAVPU Availability | Day 1 (At end-of-day) |
What is PERA?
Personal Equity and Retirement Account (PERA) is a voluntary retirement account, where you can take advantage of its tax-free benefits to supplement your retirement fund.
As a product provider, Metrobank offers various PERA funds that are available through an accredited PERA administrator. We have partnered with ATRAM Trust Corporation to bring you 3 PERA UITFs investment products—the Metrobank PERA Money Market Fund, the Metrobank PERA Bond Fund, and the Metrobank PERA Equity Fund. To invest in Metrobank’s PERA funds, you may visit Seedbox, ATRAM’s online investment platform or email [email protected].
The Benefits
The Metrobank PERA Equity Fund aims to grow the funds in your PERA account by investing in a diversified portfolio of equities listed at the Philippine Stock Exchange (PSE) which are tax-exempt according to the PERA law. Expand your portfolio today through PERA funds.
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 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).
