This refers to open ended trust funds denominated in pesos and made available by participation. Participation to and or redemption from the fund is allowed as often as stated in the plan rules. UITFs may have any of the following structures:
a. Trust Institution as the trustee and fund manager - This refers to UITFs where the trust institution performs the functions of a trustee and fund manager concurrently.
As trustee, the trust institution is responsible for safeguarding the rights and interests of the investors/participants of the fund while as fund manager, the trust institution is responsible for managing the funds and meeting the investment objectives indicated in the plan rules or trust deed.
b. Trust institution as trustee - This refers to UITFs where the trust institution only performs trustee functions.
Key Information and Investment Disclosure Statement (KIIDS) / Fund Performance Sheet (For the period ending September 30, 2017)