1. Art and Diseño

BDO Trust and Investments Group
BDO Peso Money Market Fund
Performance Report December 2014
INVESTMENT OBJECTIVE
The Fund aims to preserve capital and generate income from lowrisk fixed income securities with a portfolio weighted average life
of not more than one (1) year.
NAVPU vs. BENCHMARK & BLOOMBERG AVERAGE 30-DAY SSA RATE
1,500
1,450
1,400
1,350
1,300
1,250
1,200
1,150
1,100
1,050
1,000
1-Apr-05
CLIENT SUITABILITY
The Fund is suitable for individual and corporate investors with
moderate risk appetite and who are looking for safe and liquid
investments with yields relatively higher than those of savings
and time deposit accounts. In order to minimize risks and
maximize
earning
potential,
participants/trustors
are
recommended to stay invested in the Fund for at least six (6)
months.
BDO Peso Money Market Fund
91-d T-Bill Auction Rate (net)
30-day Ave. SSA Rate (net)
insert graph here
29-Dec-14
FUND PERFORMANCE (Absolute Return, net of taxes and fees)
ALLOWABLE/PROSPECTIVE INVESTMENTS
The following are the investment outlets where the Trustee may
invest the Fund in, depending on their availability or other market
circumstances: 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,
exchange-listed fixed income securities and collective investment
plans of the trustee/other trustees. 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.
Period
BDOPMMF2
Benchmark3
Bloomberg Ave.
30-day SSA Rate
0.11%
0.31%
1.10%
1.10%
6.03%
13.54%
47.19%
0.10%
0.26%
0.96%
0.96%
2.47%
6.57%
27.24%
0.07%
0.20%
0.77%
0.77%
4.07%
8.66%
27.04%
3.99%
2.47%
2.45%
One Month Ago
Three Months Ago
Year to Date
One Year Ago
Three Years Ago
Five Years Ago
Since Inception
CAGR4 Since Inception
2
Past performance is not indicative of future performance.
The Fund's benchmark is the 91-day T-Bill rates.
4
Compounded Annual Growth Rate (CAGR) measures how fast an investment would have grown over time if it grew at a steady rate
instead of actual varying rates.
3
PORTFOLIO STATISTICS
FUND MANAGER'S REPORT
Inflation continued to surprise on the downside, dropping much
further down to 3.7% compared to the market consensus
estimate of 4.0% in November and the previous month's 4.3%.
Rapidly-softening global crude oil prices have been translating to
consecutive rollbacks in local pump prices and even transport
costs, while food prices have remained stable. Expectedly, the
Monetary Board decided to keep its policy stance unchanged,
especially with the continued absence of risk from Fed rate hikes
for the present. Commercial banks, however, continued to
scramble for deposits, offering higher rates ranging from 2.25% to
3.0% for over-the-year placements. PMMF took advantage of the
short-term spike in TD rates, shifting investments thereto from
SDA.
November 28, 2014
Weighted Ave. Duration
5
Volatility, Past One Year
6
Sharpe Ratio
7
Information Ratio
Weighted Ave. Yield (net8)
1
NAV per unit (NAVPU)
Par Value
Minimum Investment
Minimum Additional
Minimum Holding Period
Early Redemption Fee
Trust Fee
Custodian
Dealing Period
Settlement Period
BDOPMMF <Index>
Money Market Fund
April 1, 2005
Php 145.885 Billion
Php 1,471.8959
Php 1,000.00
Php 100,000.00
Php 100,000.00
None
None
0.50% p.a.
Standard Chartered Bank
Citibank
Up to 11:30 a.m. of any banking day
After 4:00PM on same banking day
the notice of redemption is received
The NAVPU of the Fund shall be computed every trading day at 4 p.m.
0.05%
4.87
2.91
6.86
1.35%
6.06
1.38%
Volatility measures the degree to which the Fund fluctuates vis-à-vis its average return over a period of time.
6
Sharpe Ratio is used to characterize how well the return of a Fund compensates the investor for the risk taken. The higher the
number, the better.
7
Information Ratio measures reward-to-risk efficiency of the portfolio relative to the benchmark. The higher the number, the higher the
reward per unit of risk.
8
Net of taxes and trust fees.
PORTFOLIO COMPOSITION
November 2014
December 2014
SDA
46.66%
Short-term
deposits
35.64%
Short-term
deposits
53.34%
TOP TEN HOLDINGS9
Issue
SDA10
SDA
SDA
SDA
SDA
SDA
TD Other Banks
SDA
SDA
TD Other Banks
9
1
0.11
0.04%
5
SDA
64.36%
FUND FACTS
Bloomberg Ticker
Fund Type
Inception Date
Net Asset Value (NAV)
December 29, 2014
0.10
Coupon Rate
Maturity
% of Portfolio
2.50000%
2.50000%
2.50000%
2.50000%
2.50000%
2.50000%
2.75000%
2.50000%
2.50000%
2.50000%
01/29/15
01/15/15
01/05/15
01/19/15
01/12/15
01/19/15
01/06/15
01/09/15
01/05/15
01/30/15
7.074%
5.489%
5.420%
4.460%
4.141%
3.430%
3.430%
2.745%
2.745%
2.744%
The complete list of portfolio holdings is available upon request
BSP Special Deposit Account.
10
DISCLAIMER: The views expressed in this Update by BDO-Trust are strictly for information purposes only. The UITFs are not deposit accounts but trust products. Participations in UITFs do not guarantee a rate of return and are not covered by the Philippine Deposit Insurance
Corporation (PDIC). BDO UITFs are likewise not guaranteed by BDO. Investments or participations in the UITFs are subject to risks and possible losses of principal. The value of the investments can go up or down and, upon redemption, may be worth more or worth less than the
original amounts invested. BDO-Trust is not liable for such losses, which are for the sole account of the participants/trustors. Thus, it is important that the investors always consider if these Funds are aligned with their financial goals, investment horizon and risk appetite. The
UITFs are charged for custodianship fees, financial service providers' fees and third-party audit fees whose sum total does not exceed 0.10% of each of the Funds' volumes. For more information, kindly call (02) 878-4255.