The Global Equity Feeder Fund allows you to invest in equities
across developed and emerging markets around the world.
The SB Global Equity Index Feeder Fund aims to invest in equities across developed and emerging markets around the world through a Target Fund. The Fund seeks to track the performance of the FTSE Global All Cap Index.
We will be changing our Fund’s custodian from HSBC to Standard Chartered as part of our continuous efforts in finding the best rates for our customers. The shift shall lower our fund administration costs, ultimately boosting the returns of our Funds. This will be reflected in the KIDS as of April 2019.
SB Global Equity Index Feeder Fund is suitable for investors who:
|Fund Type||Equity Index FeederFund|
|Inception Date||July 2, 2018|
|Benchmark||FTSE Global All Cap Index|
|Initial NAVPU||USD 1.00|
|Business Day||A day (other than a Saturday or Sunday) on which banks are generally open for the transaction of business in Manila, Philippines and is a Banking Day of Vanguard Total World Stock ETF (the “Target Fund”).
Target Fund Name: Vanguard Total World Stock ETF
|Order Date (T)||Any Business Day within the Subscription Cut-Off Time and/or Redemption Cut-Off Time.|
|Trade Date (T)||A Business Day where the subscription and/or redemption order is executed. Order Date is the Trade Date.|
|Redemption & Subscription Cut-Off Time||Up to 1:30pm of any Business Day|
|Subscription Settlement Date||On Order Date|
|Redemption Settlement Date||Up to seven (7) Business Days after receipt of Redemption Notice and/or Redemption Confirmation within the Redemption Cut-Off Time|
|Valuation Date||The Business Day at which the Fund’s assets are valued. In case of Subscription and/or Redemption, the Valuation Date is the Trade Date|
|Trust Fee (p.a.)||
Class A: 0.64%, Class B: 0.44%, Class F: 0.44%
Applicable holidays for this Fund: US, Singapore, and Philippine holidays
|Class||Minimum Initial Participation||Minimum Subsequent Participation||Minimum Redemption||Minimum Holding Amount|
Class A – This Unit Class is open to all individuals and institutions and it is recommended but not limited to those who want to invest in small amounts. This is for individuals and Institutions looking for the flexibility to be able to invest in small amounts with no commitments of additional future subscriptions.
Class B – This Unit Class is only open to institutional investors that are duly registered with Securities and Exchange Commission and existing under the laws of the Philippines, such as partnerships, corporations, government financial institutions, educational institutions, organizations, and foundations, all subscribing on their own behalf, and the structures which such Institutional investors put into place for the management of their own assets. This is for institutions who deal in very large amounts and foresee themselves making very large individual transactions.
Class F – This Unit Class is open to individual investors that meet the Minimum Initial Participation required for the F Unit Class. This is primarily intended for High Net Worth Individuals looking to invest in the amount of USD 5,000 and above and foresee themselves making additional investments in the amount of USD 1,000 and above.
*High Net Worth (HNI) refers to a Wealth Management customer
|Target Fund||Vanguard Total World Stock ETF|
|Benchmark||FTSE Global All Cap Index|
|ETF total net assets||$10,577 million|
|Fund total net assets||$14,783 million|
|Inception date||June 24, 2008|
|Berkshire Hathaway Inc.||0.80%|
|Johnson & Johnson||0.80%|
|Alibaba Group Holding Ltd.||0.80%|
|Tencent Holdings Ltd.||0.60%|
|VTI (Inception 06/24/2008)||Quarter||Year to date||1 year||3 years||5 years||10 years||Since inception|
|Net asset value (NAV) return||-22.27%||-22.27%||-12.29%||1.06%||2.79%||5.99%||4.24%|
|Market price return||-22.20||-22.20||-12.06||1.09||2.79||5.97||4.24|
|Spliced Total Stock Market Index||-22.20||-22.20||-12.11||1.18||2.87||6.08||4.33|
|FTSE Global All Cap Fair Value Idx||-22.23||-22.33||-12.34||1.09||—||—||3.55|
FTSE All-World Index through December 18,2011, and FTSE Global All Cap Index thereafter. Benchmark returns are adjusted for withholding taxes.
Interest Rate Risk – The possibility of an investment to experience losses due to change in interest rates.
Market/Price Risk – The possibility for an investor to experience losses due to changes in the market prices.
Liquidity Risk – The possibility for an investor to experience losses due to inability to sell or convert assets into cash immediately or in instances where conversion to cash is possible but at a loss.
Credit Risk/Default Risk – The possibility for an investor to experience losses due to borrower’s failure to pay principal and/or interest in a timely manner.
Reinvestment Risk – The possibility of having lower returns of earnings when maturing funds or the interest earnings of funds are reinvested.
Foreign Exchange Risk – The possibility of an investment to experience losses due to fluctuations in foreign exchange rates.
Country Risk – The possibility of an investment to experience losses from an investment in a security issued by a foreign country due to changes in political, economic, and or social structures.
Other Risks – For Feeder Funds, the possibility of an investment to experience losses due to the Target Fund investing in emerging markets that may carry a higher risk than developed markets.
The contents herein are intended for general information purposes only and should not be used as basis for making decisions nor should it be regarded as a substitute for specific professional advice. No representation or warranty as to its accuracy, reasonableness, or completeness, express or implied, is hereby made. The views and opinions expressed in this article does not pertain to the any opinion, representation or position of SBC Trust in whole or in part. SBC Trust denies any liability that may arise out of any loss or may result in actual, direct, indirect, special, incidental or consequential damage from the use or reliance on any information provided.