BDO MERIT Fund

 

Reward deserving employees for years of dedicated service with the affordable Multiple-Employer Retirement Income Trust (MERIT) Plan.

Investment Objective

BDO MERIT Fund (MF) Intemediate Term Portfolio BDO MERIT Fund (MF) Medium Term Portfolio
The objective is to preserve capital and generate income for its tax exempt  entities
From fixed-income securities with a portfolio weighted average life of at least one (1) year. From medium to long-term fixed-income securities with a portfolio weighted average life of not more than five (5) years.

Investment Policy

The Fund may invest in deposits in the Trustee’s bank or in other banks, securities issued or guaranteed by the Philippine Government or the BSP, tradable securities issued by any supranational entity and exchange-listed fixed income securities.  Subject to BSP guidelines and the Trustee's Trust Committee approval, the Fund may also avail of  financial derivative instruments solely for the purpose of hedging risk exposures, as well as invest in other tradable investment outlets/categories as may be deemed suitable for the Fund. 

Client Suitability

BDO MERIT Fund (MF) Intermediate Term Portfolio BDO MERIT Fund (MF) Medium Term Portfolio
Suitable for participants with moderate risk appetite and who are looking for higher yields and are willing to take the attendant risks due to the nature of the sub-fund’s investments.
Suitable to retirement funds with moderate risk appetite and who are looking for higher yields and are willing to take attendant risks that come with portfolios that may have investments with longer tenors. 
The participation in the Fund shall be open to tax-exempt Retirement Plans which are deemed reasonable private benefit plans by the Bureau of Internal Revenue (BIR). In order to minimize risks and maximize earning potential, participants are recommended to stay invested for at least three (3) years.

Fund Facts

  BDO MERIT Fund (MF) Intermediate Term Portfolio BDO  MERIT Fund (MF) Medium Term Portfolio
Bloomberg Ticker EPCIBME PM BDOMERB PM
Fund Type Tax-Exempt Intermediate Term Bond Fund Tax-Exempt Medium Term Bond Fund
Inception Date December 29, 2005 May 6, 2010
Benchmark Markit iBoxx ALBI Philippines 1-3 (Domestic) Index Markit iBoxx ALBI Philippines 1-5 (Domestic) Index
Initial NAVpU Php 100.00 Php 100.00
Minimum Investment Php 1,000.00 Php 1,000.00
Minimum Additional Participation Php 1,000.00 Php 1,000.00
Minimum Maintaining Participation None None
Minimum Holding Period None None
Management Fee 0.825% p.a. 0.825% p.a.
NAVpU Availability Every trading day at 7:30 p.m. Every trading day at 7:30 p.m.
Dealing Period Up to 2:30 p.m. of any banking day Up to 2:30 p.m. of any banking day
Settlement Period One (1) banking day after notice of redemption is received One (1) banking day after notice of redemption is received
Custodian Deutsche Bank AG, Manila Branch Deutsche Bank AG, Manila Branch
External Auditor Punongbayan & Araullo Punongbayan & Araullo

 

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