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PNB Unit Investment Trust Funds (UITF)

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 (UITF)

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  1. PNB Unit Investment Trust Funds (UITF)

  2. 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

  3. 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

  4. 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.

  5. 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)

  6. 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

  7. THANK YOU!

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