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Home > Trust > Rizal Unit Investment Trust Fund > Rizal Peso Money Market Fund
RIZAL PESO MONEY MARKET FUND| Fund Objective | The purpose of the Fund is to pool together Philippine Peso denominated funds of various investors for investment and reinvestment in a portfolio of fixed income securities with a maximum portfolio duration of one year. |
| Return Objective | The Fund aims to surpass its benchmark consisting of the average 91 day Treasury bill rate.* |
| Client Suitability | For moderately conservative investors. Ideal for businessmen, professionals, retirees, and other investor types who want easy access to their funds when they need it. |
| FEATURES | |
|---|---|
| Minimum Initial Investment | PHP 25,000 |
| Minimum Additional Investment | PHP 5,000 |
| Minimum Maintaining Balance | PHP 25,000 |
| Minimum Holding Period | 30 days |
| Early Redemption Charge** | 0.125% of redemption proceeds |
| Management Fee | 0.50% p.a. |
| Redemption Settlement Date | Next banking day from redemption date (T+1) |
| 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.
