ADVISORY:
Please be advised that effective last August 24, 2023, the redemption settlement date for 1) SB Peso Equity Fund, 2) SB High Dividend Peso Equity Fund, 3) SB Philippine Equity Index Fund, and 4) SB Peso Asset Variety Fund were changed to T+3 from T+4.
For questions or clarifications, you may email [email protected]
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 UITF?
A UITF (Unit Investment Trust Fund) is a curated investment fund managed by experts to ensure high yield and quality returns. It’s the perfect investment option if you don’t have the time or knowledge for actual stock trading because it lets experts manage your investments through securities, bonds, equities, and other best-in-class instruments.
Our Newest Funds
We have UITFs for every risk appetite
AGGRESSIVE
SB High Dividend Peso Equity Fund
2018’s #1 High Dividend Equity Fund
Please be informed that the Financial Statements and Independent Auditor’s Report dated December 31, 2021 and 2020 prepared by SyCip Gorres Velayo & Co. (SGV) for each SB Fund are available for interested participants/ investors.
If you wish to have a copy of the report/s, you may send an email to [email protected]
Kindly use the subject line:
Request_AFS and Independent Auditor’s Report_name of SB fund
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
Required documents
- UITF Kit
- Waiver to the CSQ results (if applicable)
- Money Transfer form (MTAF)
Compare UITFs
| – | Risk Profile | Investment Horizon | Trust Fee (per annum) | Redemption Settlement Period | Minimum Initial Investment | Minimum Top Up 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 to Aggressive | At least 1 year | 0.75% | T+4 | USD1,000 | USD100 | USD100 | USD100 |
| SB Peso Bond Fund | Moderate to Aggressive | 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+4 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Peso Equity Fund | Aggressive | 1-3 years | 1.50 | T+4 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Philippine Equity Index Fund | Aggressive | 1-3 years | 1.00% | T+4 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB High Dividend Peso Equity Fund | Aggressive | 1-3 years | 1.50% | T+4 | PHP10,000 | PHP5,000 | PHP5,000 | PHP5,000 |
| SB Global Equity Index Feeder Fund | Aggressive | 3-5 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 | 3-5 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:USD500 Class B: USD1,000 Class F: USD1,000 |
| SB US ESG Aware Equity Index Feeder Fund | Aggressive | 3-5 years | 0.70% p.a | T+7 | USD1,000 | USD500 | USD500 | USD500 |
| SB US Technology Equity Index Feeder Fund | Aggressive | 3-5 years | 0.70% p.a | T+7 | USD1,000 | USD500 | USD500 | USD500 |
| SB Asia ex-Japan Equity Index Feeder Fund | Aggressive | 3-5 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:USD1,000 Class B: USD5,000 Class F: USD5,000 |
See our Latest Market Update and Commentary
Fixed Income and Equity Market
(As of July 31, 2023)
Local Bond Markets
An eventful month to say the least for Peso Bonds as the market saw heightened volatility for the month of July.
Local Equity Market
The PSEi fought its way back to the 6,600 level in July, closing just short of it at 6,591.47 with a 1.9% MoM ascent for the month.
US, Global, and Asia ex-Japan Equity Markets
(As of July 31, 2023)
US EQUITY MARKET
The S&P 500 jumped 3.1% to notch its fifth consecutive positive month for the first time since its seven-month streak ending August 2021. The tech-heavy Nasdaq Composite gained about 4.1% and registered its fifth straight winning month for the first time since April 2021. The blue-chip Dow added about 3.4%.
GLOBAL EQUITY MARKET
Global equities gained sharply across regions (MSCI World 3.6% MoM/+ 16.8% YTD).
ASIA EX-JAPAN EQUITY MARKET
MSCI Asia Ex Japan rose by 5.68% for the month of July driven by China, Korea and Taiwan.
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.
Ready to start building your investments?
Yes, I want to invest in UITFs right now.No, I want to learn more about investingSB Regular Subscription Plan
Planning your investments made easier! Schedule your UITF top-ups ahead of time when you enroll.
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: 1The contents herein are intended for qualified investors or buyers and not for the financially unsophisticated investors. This material is not intended to be comprehensive and does 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 the topic therein. This material is 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. Past performance is not indicative of future returns. Returns may fluctuate depending on market price movements. In no case shall this material be taken as an offer to engage in investment or trading. The contents are herein subject to change without prior notice.2The NAVPU is only indicative of the value of investment as of a certain date. However, for redemption, please note that the NAVPU will be not be known until the end of a certain business date.3Investments in UITFs are trust agreements, not deposit accounts. They do not have a guaranteed rate of return and are not insured by the Philippine Deposit Insurance Corporation (PDIC). Any loss or income of the fund is for the account of the Trustor/Investor. Historical performance, when presented, is purely for reference and not a guarantee of future results. Charges made against the fund are in the form of trust fees, taxes and qualified expenses. The Trustee (Security Bank – Trust Division) is not liable for the losses except for gross negligence, fraud or bad faith.
For inquiries and complaints, please call our 24-Hour Customer Service hotline at (632) 888-791-88 or email us at [email protected]. Security Bank Corporation is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 8708-7087 and email address at [email protected].