UITFs

Revisions in Robinsons Bank Money Market UITF, Balanced Fund UITF, and Tax-Exempt Retirement Fund (A Balanced UITF)

Dear Valued Investors of the RBank UITF,

 

We are pleased to inform you that the Robinsons Bank Trust and Investments Group and Board of Directors dated February 24, 2021, has approved the following amendments to the Plan rules & Declaration of Trust (DOT) of the RBank Money Market Fund, RBank Balanced Fund, and RBank Tax-Exempt Retirement Fund (A Balanced UITF), effectively making the Funds more affordable to the participants, among other changes.  Below is the summary of the changes for your reference:

RBank Money Market Fund

  From To
Minimum Initial, Maintaining & Additional Participation Php100,000.00 Php10,000.00
Minimum Holding Period 14 calendar days none
Early Redemption Fee 100% of interest earned if redeemed in day 1-3;

50% of interest earned if redeemed in day 4-14

 none

RBank Balanced Fund

  From To
Minimum Initial & Maintaining Participation Php50,000.00 Php10,000.00
Minimum Holding Period 90 calendar days 15 calendar days
Benchmark 50% PSEi and 50% Bloomberg Sovereign Bond Index with adjusted PDST R2 valuation 50% PSEi and 50% Bloomberg Sovereign Bond Index BVAL based on the Fund’s weighted average duration
Allowable Investments
  • High quality tradable debt and exchange listed equity securities of domestic issuer;
  • Investments allowed under regulations issued by the Bangko Sentral ng Pilipinas
  • Exchange-listed equities and fixed income securities;
  • Bank deposits in the Trustee’s own bank or in other banks;
  • Securities issued or guaranteed by the Philippine government or the BSP;
  • Tradable securities issued by any supranational entity;
  • Marketable fixed income instruments that are traded in an organized exchange;
  • Loans traded in an organized market; Tradable US Dollar-denominated securities issued by the government of a foreign country, any political subdivision of a foreign country or any supranational entity;
  • Such other tradable investments outlets/categories allowed for UITF’s by the relevant regulations and determined by the Trustee’s Trust Committee as suitable for the fund.

 

 

RBank Tax-Exempt Retirement Fund (A Balanced UITF)

  From To
Minimum Initial & Maintaining Participation

Per Retirement Plan Client

 Php1,000,000.00 Php500,000.00
Investment Objective The Fund intends to achieve for its participants total returns consisting of current income and capital growth over the medium-to-long term by investing in a portfolio of peso-denominated fixed income and exchange-listed preferred shares.  The maximum allocation for exchange-listed preferred shares investment is up to 40% of the market value of the Fund The Fund intends to achieve for its participants total returns consisting of current income and capital growth over the medium-to-long term by investing in a portfolio of peso-denominated fixed income and exchange-listed equities.  The maximum allocation for exchange-listed equity investment is up to 50% of the market value of the Fund.
Benchmark PDSTR2 plus 100 bps per annum with the PDSTR2 reference rate chosen based on the Fund’s weighted average duration 50% PSEi and 50% Bloomberg Sovereign Bond Index BVAL based on the Fund’s weighted average duration
Investment Outlet/

Investment Policy
  • Securities issued by or guaranteed by the Philippine government or the Bangko Sentral ng Pilipinas;
  • Bank deposits in the Trustee’s own bank and in other accredited banks;
  • Exchange-listed preferred shares;
  • Bank issues such as Tier 2 and Long-Term Negotiable Certificate of Deposits (LTNCDs) that are traded in an organized exchange;
  • Marketable fixed income instruments that are traded in an organized exchange;
  • Loans that are tradable in an organized market, if any;
  • Tradable US Dollar-denominated securities issued by the government of a foreign country, any political subdivision of a foreign country or any supranational entity

Average portfolio duration for the Fixed Income Allocation shall be from five to eight years.

 
  • Securities issued or guaranteed by the Philippine government or the Bangko Sentral ng Pilipinas;
  • Bank deposits in the Trustee’s own bank or in other banks;
  • Exchange-listed equities and fixed income securities;
  • Tradable securities issued by any supranational entity;
  • Marketable fixed income instruments that are traded in an organized exchange;
  • Loans that are tradable in an organized market, if any;
  • Tradable US Dollar-denominated securities issued by the government of a foreign country, any political subdivision of a foreign country or any supranational entity;
  • Such other tradable investments outlets/categories allowed for UITF’s by the relevant regulations and determined by the Trustee’s Trust Committee as suitable for the Fund

Average portfolio duration for the Fixed Income Allocation shall be five years.

 

Copies of the Amended Appendix I of the UITF Declaration of Trust which RBank Trust & Investments Group (TIG) has submitted to the Bangko Sentral ng Pilipinas shall be made readily available to you upon your request. Likewise, this will be published in the succeeding editions of the Funds’ Key Information and Investment Disclosure Statement (KIIDS). Notwithstanding, we are submitting to you this Notice of Amendment in accordance with Article IX of the DOT which requires the Trustee to notify the participants in the Fund for any amendments made to the Fund.

 

Given the above, we will consider it your amenability to the above investments with your decision to remain invested in these Funds.  Should you have clarifications, please feel free to contact us at the following numbers: 8702-9500 locals 506, 546, and 544. You may also email us at trustgroup@robinsonsbank.com.ph for your queries.

 

Thank you for your continued support!

 

ROBINSONS BANK- TRUST AND INVESTMENTS GROUP