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Home > Trust > Rizal Unit Investment Trust Fund > Rizal Dollar Bond Fund
RIZAL DOLLAR BOND FUND| Fund Objective | The purpose of the Fund is to pool together US Dollar denominated funds of various investors for investment and reinvestment in a purely fixed income portfolio. |
| Return Objective | The Fund aims to surpass its benchmark consisting of the average 6 month LIBOR rate.* |
| Client Suitability | For slightly aggressive investors. Ideal for exporters, balikbayan retirees with continuing source of income, professionals with established savings, executives and institutional investors with limited income requirements. |
| FEATURES | |
|---|---|
| Minimum Initial Investment | USD 1,000 |
| Minimum Additional Investment | USD 1,000 |
| Minimum Maintaining Balance | USD 1,000 |
| Minimum Holding Period | 90 days |
| Early redemption Charge** | 0.125% of redemption proceeds |
| Management Fee | 1.00% p.a. |
| Redemption Settlement Date | 3 banking days from redemption date (T + 3) |
| Transaction Cut-off Time | 11:30 am of any banking day |
| OTHER INFORMATION | |
| Custodian | Deutsche Bank |
| Auditor | Punongbayan & Araullo |
| Launch Date | March 28, 2005 |
** For withdrawals made prior to the completion of the minimum holding period
Rizal UITFs are not deposits or obligations of and are not guaranteed, issued or insured by RCBC or its affiliates or subsidiaries. UITFs are not insured by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investments, yields and potential yields are not and cannot be guaranteed. The securities held by the UITF, including the investments in government securities, are subject to market fluctuations and price volatility, which can cause the NAVPU to move upwards or downwards depending on prevailing market conditions. Any income or loss arising from such market fluctuations and price volatility is for the account of the investor. As such, units of participation of the investor in the UITF, when redeemed, may be worth more or worth less than the initial investment/contributions made. Historical performance, when presented, is purely for reference purposes and is not a guarantee of future results. The Trustee is not and shall not be liable for any losses of the Fund, except those resulting from willful default, bad faith or gross negligence.
For inquiries and more details, please call Trust and Investments Group - Marketing Division at (632) 894-9049, (632) 894-9870, (632) 894,9006 or (632) 878-3315 to 16 or visit any RCBC branch.
