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PNB Unit Investment Trust Funds (UITF)

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PNB Unit Investment Trust Funds (UITF). PNB UNIT INVESTMENT TRUST FUNDS. BASIC PRODUCT FEATURES. PNB High Dividend Fund.

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PNB UNIT INVESTMENT TRUST FUNDS

BASIC PRODUCT FEATURES

PNB High Dividend Fund

  • The PNB High Dividend Fund is a peso denominated, equity fund that seeks dividend income and long-term capital appreciation by investing in listed companies belonging to the PSE that have high dividend yields and have an established history of paying dividends
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RATIONALE OF THE PRODUCT

  • A combination of a consistent dividend with an increasing stock price is an attractive proposition to any investor;
  • Typically, dividend-paying companies are the strong, established and stable companies; They are less-risky and less volatile;
  • High dividend yields help cushion declines in the actual stock prices
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INVESTMENT PARAMETERS

1st Parameter: Liquidity

- Tradability - Actively traded for 90% of total trading days

- Value Turnover – Average 1-year value turnover of at least 0.5% of total market (i.e. net of block trades)

2nd Parameter: Regularity of Dividend Declaration

– at least 3 consecutive years of dividend declaration

3rd Parameter: Dividend Yield

– stocks that qualify under the first two criteria will be sorted according to dividend yields of previous year. Stocks comprising the upper 75% will be selected. Stocks belonging to the lowest quartile will be dropped.

4th Parameter: Portfolio Weights

– stocks that qualify under the first three criteria will form the representative stock basket and will be given equal weights.

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Representative Stocks (as of Feb. 15)

Company

  • Aboitiz Equity Ventures (AEV)
  • Alliance Global Group, Inc. (AGI)
  • Aboitiz Powers Corp. (AP)
  • Bank of the Philippine Islands (BPI)
  • DMCI Holdings, Inc. (DMC)
  • Energy Development Corp. (EDC)
  • Filinvest Land, Inc. (FLI)
  • First Philippine Holdings Corp. (FPH)
  • Globe Telecom, Inc (GLO)
  • GMA Holdings, Inc. (GMAP)
  • Jollibee Foods Corp. (JFC)
  • Manila Electric Co. (MER)
  • Megaworld Corp. (MEG)
  • Manila Water Co. (MWC)
  • Robinsons Land Corp. (RLC)
  • Security Bank Corp. (SECB)
  • San Miguel Corp. (SMC)
  • SM Prime Holdings, Inc. (SMPH)
  • Philippine Long Distance Telephone Co. (TEL)
  • Union Bank of the Philippines (UBP)
  • Universal Robina Corp. (URC)
  • Vista Land & Lifescapes, Inc. (VLL)
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Return on Investment

Actual Fund Performance vs. Benchmark

(Since Inception, As of March 06, 2013)

34.76%

HDF

38.63%

Benchmark

Variance

-3.87%

Benchmark – 100% PSEi

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