7/26/2019 PhilEquity Dividend Yield Fund

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NVESTMENT OBJECTIVES

%

FUND FACTS

Structure

Currency

Type Equity Fund

Sales Load Max of 3.5%

Exit fee Max of 2%

Philequity Management Inc.

Benchmark Philippine Stock Exchange Index

81% Cash/equivalent 1

20k - 99k 3.50%

100k - 249k 3.25%

250k - 499k 3.00%

500k - 999k 2.75%

1M - 1.9M 2.50%

2M - 4.9M 2.00%

5M - 9.9M 1.50%

10M - 19.9M 1.00% *February returns as of launch date February 7, 2014

20M - 49.9M 0.50%

50M+ 0.25%

< 1 Year 2.00%

1 - 2 Years 1.50%

> 2 Years 0.00%

Fund Manager 

N/A

 Year On Year 

Asset Allocation

Equities

Sector Weightings

Issue Industry

BDO Unibank, Inc. FINANCIALS   11%

Universal Robina Corp. INDUSTRIAL   7%ncorporation Date 2 August 2012

Fund Fact Sheet as of Nov 28, 2014

PhilEquity Dividend Yield Fund

  PORTFOLIO ANALYSIS

To seek long-term capital appreciation through investing in

sted equity securities that pay out dividends while taking into

consideration the liquidity and safety of its investments to

protect the interest of its investors

Top Ten Holdings

Bloomberry Resorts Corp. SERVICES   6%Philippine Peso

Valuation method Marked-to-marketEnergy Dev elopmen t Corp. INDUSTRIAL   5%

Redemption Period Max of 7 banking days

SM Investments Corp. HOLDING FIRMS   5%

Annual Management fee 1.5% p.a. of total funds under

managementNickel Asia Corp. MINING AND OIL   5%

SM Prime Holdings, Inc. PROPERTY   4%

Hold period to waive exit fees More than 2 yearsMegaworld Corp. PROPERTY   4%

% of Total Holdings 54%

NAVPS as of Nov 28, 2014 1.2616

 Aboitiz Power Corp. INDUSTRIAL   3%

The Philippine Stock Exchange Index (PSEi) gained 1.09% for 

he month, closing at 7,294.38 on Nov 28.

Global growth and third quarter company earnings remained

he focus for the month. ECB President Mario Draghi kept

nterest rates at record lows as the Eurozone reported better 

han expected GDP. The ECB mentioned they may begin asset

purchases sooner rather than later as inflation remained below

orecast. Japan on the other hand dissapointed and slipped

nto a technical recession in the third quarter setting the stage

or Prime Minister Abe to delay the sales tax hike. Lastly, China

eclared its first rate cut in 2 years to keep its economy stable.

The PSEi reached i ts highest level for the year on Nov 26 to

close at 7,356.59 but GDP results dampened the uptrend the

ollowing day. 3Q GDP came in at 5.3%--its weakest pace

ince the last three months of 2011. Port congestion, reduced

overnment spending and lower agricultural output were the

main culprits for weak growth. The rate was unexpected and

ent the stock market to fall 0.90% upon news and eventually

closed the trading day down 1.24%.

Share placements from BLOOM, AC and SMPH also caused

ome market volatility--an expected move as stock prices have

been on the uptrend.

Despite recent volatility, we remain bullish on Philippine stocks.

We cite the sharp decrease in oil prices as one of the catalysts

or higher GDP growth.

The Fund gained 1.72% for the month versus 1.09% for the

PSEi. Year to date, the Fund has outperformed the benchmark

31.01% versus 23.85%. We reiterate our long term bull ish

outlook on Philippine equities and advise our clients to use

hese pullbacks as opportunities to increase exposure.

Manila Electric Co. INDUSTRIAL   3%

  PERFORMANCE ANALYSIS

 YTD 1 mo

1.72%

Since Launch

PDYF 31.01%

Actual Returns (%) before sales charges, after management fees

3 mos

 Additional Investment PhP 5,000

NAVPS Graph

FEATURES Monthly Returns

2.73% 7.46% 18.22% 21.35%

*YTD returns for PDYF as of launch date February 7, 2014, since launch date February 7, 2014

MARKET COMMENTARY

Open-ended mutual fund

Sales Load

Exit Fees

Initial Investment PhP 20,000

31.01%

PSEi 23.85%

6 mos

4.81% 12.51%

1.09%

0.95

1.00

1.05

1.10

1.15

1.20

1.25

1.30

Feb Mar Apr May Jun Jul Aug Sep Oct Nov

5%

8%

11%

15%

16%

25%

Mining and Oil

Property

Holding Firms

Services

Financials

Industrial

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

PDYF   6.74% 0 .44% 5.40% 1.14% 3.61% 0.75% 4.26% 3.50% -0.76% 1 .72%

PSEI   6.88% 0.06% 4.34% -0.90% 2.96% 0.30% 2.71% 3.29% -0.92% 1.09%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

PDYF

PSEi