Unit Investment Trust Funds (UITFs)
Discover high-performing UITF options—
from money market funds to equity funds.
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6 reasons why you should invest in Unit Investment Trust Funds (UITFs)
Start investing and diversifying your portfolio.
Diversification
Investments (and risks) are spread across various asset baskets industry wide.
Liquidity
You can subscribe and redeem on any banking day.
Affordability
You can start investing in UITFs with just PHP5,000.
Professional Fund Management
Seasoned fund managers constantly monitor markets for opportunities.
Transparency
You can check the value of your
investment daily with NAVPU.
Regulated Product
Management and regulation of UITFs are governed by the Bangko Sentral ng Pilipinas.
What is a Unit Investment Trust Fund (UITF)?
Are UITFs the right investment for you?
A UITF (Unit Investment Trust Fund) is a curated investment fund expertly managed to optimize potential returns and maintain quality investments. It’s an ideal option for those who lack the time or expertise for direct trading. Allow the experts to handle your investments in money market instruments, bonds, equities, and other assets allowed by BSP.
Here are the required documents when applying
Minimal requirements means hassle-free application!
Individual Clients
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UITF Kit (CSQ, RDS, PTA)
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Waiver to the CSQ results (if applicable)
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Money Transfer Agreement form (MTAF)
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Regular Subscription Plan form (optional)
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Valid ID
Sole Proprietorship
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UITF Kit (CSQ, RDS, PTA)
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Waiver to the CSQ results (if applicable)
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Money Transfer Agreement form (MTAF)
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Valid ID
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DTI Registration
Corporate Clients
- UITF Kit (CSQ, RDS, PTA)
- Waiver to the CSQ results (if applicable)
- Money Transfer Agreement form (MTAF)
- Authorized Representative’s Valid ID
- Notarized Secretary’s Certificate/Partnership Resolution
Our newest funds
Invest in our UITFs below depending on your risk appetite
AGGRESSIVE
SB High Dividend Peso Equity Fund
2018’s #1 High Dividend Equity Fund
Compare UITFs
| Fund Name | Minimum Risk Profile | Investment Horizon | Trust Fee (per annum) | Redemption Settlement Period | Minimum Initial Investment | Minimum Subscription Amount | Minimum Redemption Amount | Minimum Maintaining Amount |
| SB Peso Money Market Fund | Moderately Conservative | 6 mo – 1 year | 0.35% | T+1 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Peso Cash Management Fund | Moderately Conservative | 1 – 6 mo | 0.25% | T+1 | PHP5,000 | PHP1,000 | PHP1,000 | PHP5,000 |
| SB Dollar Bond Fund | Moderate | At least 1 year | 0.75% | T+4 | USD1,000 | USD100 | USD100 | USD100 |
| SB Peso Bond Fund | Moderate | At least 1 year | 1.00% | T+2 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Peso Asset Variety Fund | Aggressive | 1-3 years | 1.50% | T+3 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Peso Equity Fund | Aggressive | 1-3 years | 1.50% | T+3 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Philippine Equity Index Fund | Aggressive | 1-3 years | 1.00% | T+3 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB High Dividend Peso Equity Fund | Aggressive | 1-3 years | 1.50% | T+3 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Global Equity Index Feeder Fund | Aggressive | At least 3 years |
Class A: 0.64% Class B: 0.44% Class F: 0.44% |
T+7 |
Class A: USD1,000 Class B: USD5,000 Class F: USD5,000 |
Class A: USD500 Class B: USD1,000 Class F: USD1,000 |
Class A:USD500 Class B: USD1,000 Class F: USD1,000 |
Class A:USD1,000 Class B: USD5,000 Class F: USD5,000 |
| SB US Equity Index Feeder Fund | Aggressive | At least 3 years |
Class A: 0.71% Class B: 0.51% Class F: 0.51% |
T+7 |
Class A: USD1,000 Class B: USD5,000 Class F: USD5,000 |
Class A: USD500 Class B: USD1,000 Class F: USD1,000 |
Class A: USD500 Class B: USD1,000 Class F: USD1,000 |
Class A:
Class B: USD5,000 Class F: USD5,000 |
| SB US ESG Aware Equity Index Feeder Fund | Aggressive | At least 3 years |
0.70% | T+7 | USD1,000 | USD500 | USD500 | USD1,000 |
| SB US Technology Equity Index Feeder Fund | Aggressive | At least 3 years |
0.70% | T+7 | USD1,000 | USD500 | USD500 | USD1,000 |
| SB Asia ex-Japan Equity Index Feeder Fund | Aggressive | At least 3 years |
Class A: 0.70% Class B: 0.50% Class F: 0.50% |
T+7 |
Class A: USD1,000 Class B: USD5,000 Class F: USD5,000 |
Class A: USD500 Class B: USD1,000 Class F: USD1,000 |
Class A: USD500 Class B: USD1,000 Class F: USD1,000 |
Class A: A:USD1,000 Class B: USD5,000 Class F: USD5,000 |
See our Latest Market Update and Commentary
Investment Commentary
(as of May 31, 2025)
Fixed Income and Equity Markets
Money Market
Short-term rates ended the month relatively flat despite the volatility throughout the rest of the curve. Demand for short term investments, such as Treasury Bills, initially surged due to concerns about supply risks. This eventually weakened when more US Tariff policies were announced, causing investors to shift their preference to bonds, mainly within the belly portion of the curve. We ended the month with the 91d bill at 5.3% (-2bps MoM), 182d bill at 5.65% (-2bps MoM) and the 364d at 5.75% (flat MoM). Bonds maturing in one year or less ended the month lower with the most liquid 0.5Y RTB 5-13 down by 10bps, closing the month at 5.69%.
Local Bond Market
Local bonds were mixed throughout May as investor sentiment remained cautious in light of global developments. In the absence of strong local catalysts, market participants closely followed U.S. Treasury movements, which were influenced by persistent fiscal deficit concerns and the impact of Moody’s recent U.S. credit rating downgrade. With U.S. yields hovering close to highs, signs of seller fatigue eventually emerged, and safe-haven flows helped stabilize the market toward the end of the month. In the local bond market, activity across the curve was mixed, with short-term bonds down by 5bps, the belly of the curve moved sideways, while longer-dated tenors experienced sporadic selling pressure due to the uncertainties in the US. Supply risk also placed upward pressure to the long end as investor interest remained selective, with stronger demand emerging only for 10Y bonds or shorter during BTR’s bond auctions. We ended the month with 4Y RTB 5-18 down 6bps at 5.77%, while 7Y FXTN 10-69 and 10Y FXTN 10-73 were unchanged to slightly higher at 6.07% and 6.27%, respectively. 15-20Y bonds, such as FXTN 20-25 and FXTN 20-27 jumped by as much as 18-25 bps, trading between 6.5-6.6%.
Sovereign Bond Market
Global Bonds along with Sovereign Bonds started on the backfoot at the start of May after Moody’s Ratings Agency downgraded US Sovereign Debt to AA1 from AAA aligning with the 2 other rating agencies (Fitch and S&P) which initially downgraded US debt years back. Bond yields significantly steepened with the US 30y initially breaching the 5% threshold trading as high as 5.17% before retracing lower hovering close to the psychological level of 5%. Long-dated Sovereign Bonds were dragged by this development trading 1-2 points lower vs the 5-10 years which traded .375-.75 of a point lower. Emerging Markets Sovereign spreads however, tightened by over 60 bps after the brief scare last April after the Liberation Day announcement with the current 5yr CDS sitting above +60 from as high as +104 bps last April. Rates remain pressured after President Trump announced a Trade deal with China in their recent Geneva Conference prompting investors to shift to riskier assets such as Equities. The S&P had one of the strongest performances in history last May, posting a 20% gain from the April lows. Bonds on the other hand saw Haven Bids evaporate as the US 10y basically wiped out all Liberation Day gains closing above the 4.40% handle for the month. ROPs saw loses for the entire month with the long end taking the brunt of the beating. The 25yr ROP 50 closed 2 points lower at 100(5.90% yield), while the 10y was half a point lower at 102.875 (5.14%).
Market volatility may continue to persist as Global Bond yields including Japan are seeing the same steepening scenario with their 40yr JGB trading the highest in 40y at 3%. Consequently, markets are now pricing less the 50 bps worth of rate cuts by the FED from as high as 100bps last April.
Philippine Equities
Philippine equities snapped a three-month advance with the PCOMP declining by 0.2% or 13.46 pts MoM to 6,341.53, as gains from the earlier half of the month were erased by foreign selling pressure towards month-end. Tariff and trade headlines took to the backburner with investors instead zeroed in on soft 1Q25 corporate earnings, improving macro cues, and the evolving local politics scene following the May mid-term elections. Average daily turnover was at $150m for May versus $122m for April.
US, Global, and Asia ex-Japan Equity Markets
US Equity Market
The S&P 500 gained 6.2% for the month of May, while the Nasdaq surged 9.6% in that time. Both notched their best months since November 2023. The 30-stock Dow has gained 3.9% on the month. Tech stocks staged an impressive comeback in May, with investors piling onto the risk-on trade following a preliminary trade deal between the U.S. and China. Information technology stocks are the top-performing sector in the S&P 500, surging more than 10% in May; however, the sector remains negative for the year, down 2%.
Global Equity Market
Global equities did well due to the tariff truce, which lowered the risk of a full-blown trade war (MSCI World +5.5% MoM). Amongst the major regions, MSCI USA and South Africa were the best performers (+6.3% and +4.9%, respectively), while Brazil and India were the weakest (-0.2% and 1.1%, respectively). The STOXX 600 index posted its first monthly advance in three, rising about 4%, as investors capitalized on Trump's decision to postpone tariffs on the EU, opening the door for Brussels to produce a trade deal with Washington and recent U.S. fiscal concerns that sent investors flocking to assets outside the U.S.
Asia ex-Japan Equity Market
The MSCI Asia-ex Japan rose 5% in May as equity markets continued their upside momentum from the early April lows. Continued moderation in tariff concerns and resultant US recession risks, as well as renewed optimism around AI capex, were the key drivers, even as a renewed sell-off in DM bonds provided some headwinds. On the tariff front, the earlier-than-expected truce between the US and China was the latest to push investor expectations about the fallout from tariffs from extreme pessimism to heightened optimism. Within Asia, Taiwan (+12.8%) was the best performing market, driven by a strong currency and AI optimism. Consequently, the IT sector (+9.1%) was also the best-performing sector regionally in May. Korea (+7.9%) continued its momentum in May, supported by strong earnings in Financials and Defense. Investors also increasingly priced in a narrowing of holdco discounts as the chances of Commercial Code revisions rise following the upcoming Presidential election. HK (+9.3%) reported more impressive returns than China (+2.8%) due to ongoing and upcoming listing queues, a sharp fall in Hibor benefiting local real estate firms, and upbeat earnings/operational results from companies like AIA and Macau gaming. However, China remained range-bound between some relief from external tariff headwinds and internal pressure from weak demand and fierce competition (e.g., food delivery, auto). The fact that outperforming sectors in China were concentrated in defensives and yield (Energy, Financials, Healthcare) highlighted lingering investor concerns. After leading Asia for two months, India (+1.9%) paused in May, with positive structural forces offset by a tepid 4QFY25 earnings season, rising supply in primary markets, and a tariff truce between the US and China benefiting export-oriented nations and higher crude oil prices. ASEAN (+3.9%) showed divergence, with Vietnam and Indonesia rebounding significantly due to the tariff truce, while Thailand (-3.5%), Malaysia (-0.4%) and the Philippines (+0.7%) responded more mutedly.
Disclaimer: The production of this material is to share the updates and/or views of the Fund Managers of Security Bank Corp. thru its Trust & Asset Management Group and the views expressed herein accurately and exclusively reflect his or her personal views. The Fund Managers updates and/or views are not intended to be comprehensive and do 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 any topic covered by the video. The Fund Managers’ updates and/or views are 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. In no case shall this material/video be taken as an offer to engage in investment or trading. Reproduction of this material/video, whether in whole or in part, is strictly prohibited without the prior consent of Security Bank Corporation. Security Bank Corporation denies any liability that may arise out of any loss or may result in actual, direct, or consequential damage from the use or reliance on content of this material/video. You acknowledge that you read and understood this Disclaimer and agree to be bound by the conditions therein.
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What our clients like about our funds
St. Peter Life Plan, Inc. has made history by surpassing PHP 100 billion in trust funds last July 2024, a milestone never before achieved in the Pre-need industry. SBC TAMG has been managing a portion of St. Peter’s trust funds since 2016.
St. Peter Life Plan, Inc
Security Bank client since 2016
SB Trust’s professionalism and understanding of complex transaction requirements were critical to the successful to the implementation of our loan agreements. The Nexif Ratch group appreciates their valuable contributions to our projects.
Nexif Ratch for the Calabanga Renewable Energy and Negros Philippines Solar Inc.
Security Bank client since 2023
Working with Security Bank Corporation on the Nationwide Digital Connectivity Project is an exciting collaboration. This initiative will significantly enhance the Philippines’ digital infrastructure. With Security Bank’s Trust and Asset Management Group acting as the Onshore Security Agent, we are confident in the successful execution of this project.
iSON Tower Limited Inc.
Security Bank client since 2023
Advisories
October 1, 2024
Important Advisory:
Please be informed that there are changes to the benchmark of six (6) SB Funds, as indicated in each of the SB Funds’ Plan Rules (Appendix 1).
- SB Peso Money Market Fund
- SB Asia ex-Japan Equity Index Feeder Fund
- SB US Equity Index Feeder Fund
- SB Global Equity Index Feeder Fund
- SB US Technology Equity Index Feeder Fund
- SB ESG Aware Equity Index Feeder Fund
The change will not adversely impact your investment in the Fund(s) as the Funds’ investment strategy and asset allocation will remain the same. The changes will take effect starting November 1, 2024, except for the SB Global Equity Index Feeder Fund where the change will take effect on January 1, 2025.
Click here for more information.
For questions or clarifications, send us an email at [email protected]
June 1, 2024
Important Advisory:
Click here for more information.
For questions or clarifications, you may email [email protected]
Amendments Per Fund
- Amendments to the SB Peso Cash Management Fund
- Amendments to the SB Peso Money Market Fund
- Amendments to the SB Peso Bond Fund
- Amendments to the SB Dollar Bond Fund
- Amendments to the SB Peso Asset Variety Fund
- Amendments to the SB Peso Equity Fund
- Amendments to the SB High Dividend Peso Equity Fund
- Amendments to the SB Philippine Equity Index Fund
- Amendments to the SB Asia ex-Japan Equity Index Feeder Fund
- Amendments to the SB US Equity Index Feeder Fund
- Amendments to the SB Global Equity Index Feeder Fund
- Amendments to the SB ESG Aware Equity Index Feeder Fund
- Amendments to the SB US Technology Equity Index Feeder Fund
Frequently Asked Questions
Frequently Asked Questions
- What is a UITF?
A UITF (or Unit Investment Trust Fund) is an open-ended pooled trust fund denominated in pesos or in any acceptable currency, which is operated and administered by a trust entity. Each UITF 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 deposits and securities. Individuals and institutions take part in the UITF by purchasing units of participation in the fund. - What is the difference between a Mutual Fund and a UITF?
- A. Where to invest
- Mutual Fund (MF): A mutual fund company. They are sold by licensed mutual fund agents.
- Unit Investment Trust Fund (UITF): Commercial banks, particularly their trust or asset management department. They are sold by certified UITF sales personnel.
- B. Who regulates these companies
- MF: Securities and Exchange Commission (SEC)
- UITF: Bangko Sentral ng Pilipinas (BSP)
- C. What you are buying in a fund
- MF: Common shares in the investment company
- UITF: Units of participation in the UITF
- D. The price of the fund is expressed in terms of
- MF: Net Asset Value Per Share (NAVPS)
- UITF: Net Asset Value Per Unit (NAVPU)
- E. Investment fees and their usual range
- MF: sales charge (1% – 5%); redemption fee (0.5% – 3%); investment advisory, distributor and administration fees (1% – 2.5%)
- UITF: trust fees (0.35% – 1.50%)
- A. Where to invest
- What are the fees involved?
The trustee shall charge the fund for management fees, taxes and qualified 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. - 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). - 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 predefined term or termination date. It is up to the investor to determine how long he wants to keep his funds invested. - What does “made available by participation” mean?
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 specific asset of the fund, only a proportionate share in all of the fund’s assets. - 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 fluctuations in market value, the principal is not protected. Fifth, the UITF is not covered by PDIC Insurance. - 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. - 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. - Which NAVPU is used when I subscribe or redeem?
When an investor subscribes to the fund, the number of units that he/she 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. - 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. - Which type of UITF is suitable for an investor?
When choosing a UITF, investors should identify their needs and goals and match them against the investment parameters of the product. To determine the client’s suitability for 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 profile, or how much price volatility the client is willing to take; and investment objective, whether the client wants income or capital growth. - 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 fluctuate depending on the volatility of the market. The return figures 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. - How do investors keep track of the value of the UITF investment?
After subscribing into the UITFs, the client will receive a Confirmation 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 find out the value of his current investments by multiplying the total number of units he/she holds by the latest available NAVPU, which is published daily on the Security Bank website at https://www.securitybank.com/market-information/navpu/ - When does the investor get the proceeds of the UITF investment?
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. - 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
DISCLOSURES
- THE UNIT INVESTMENT TRUST FUND (UITF) IS A TRUST PRODUCT AND NOT A DEPOSIT ACCOUNT AND IS NOT INSURED OR GOVERNED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC).
- THE UITF IS NOT AN OBLIGATION OF, NOR GUARANTEED, NOR INSURED BY THE TRUST ENTITY OR ITS AFFILIATES OR SUBSIDIARIES.
- DUE TO THE NATURE OF THE INVESTMENTS OF A UITF, THE RETURNS/YIELDS CANNOT BE GUARANTEED. HISTORICAL PERFORMANCE, WHEN PRESENTED, IS PURELY FOR REFERENCE PURPOSES AND IS NOT A GUARANTEE OF SIMILAR FUTURE PERFORMANCE.
- ANY LOSSES AND INCOME ARISING FROM MARKET FLUCTUATIONS AND PRICE VOLATILITY OF THE SECURITIES HELD BY THE UITF, EVEN IF INVESTED IN GOVERNMENT SECURITIES ARE FOR THE ACCOUNT OF THE CLIENT. AS SUCH, THE UNITS OF PARTICIPATION OF THE CLIENT IN THE UITF, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN HIS/HER INITIAL INVESTMENT/CONTRIBUTION.
- THE TRUSTEE IS NOT LIABLE FOR LOSSES UNLESS UPON WILLFUL DEFAULT, BAD FAITH OR GROSS NEGLIGENCE.
- THE INVESTOR MUST READ THE COMPLETE DETAILS OF THE FUND IN THE UITF’S PLAN, MAKE HIS/HER OWN RISK ASSESSMENT, AND WHEN NECESSARY, SEEK AN INDEPENDENT/PROFESSIONAL OPINION BEFORE MAKING AN INVESTMENT.
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