Can’t decide which bank to invest in UITF? Here’s how.

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You’ve heard about unit investment trust fund or UITF in the Philippines for Pinoy, and you might’ve spent the last hour scouring the internet or this blog on how to invest in them. And you’ve probably heard that UITF is offered by banks and trust companies, but still you’re not sure where to start.

Which bank or company is the best one for you to invest? This is one of the questions most commonly asked online so I’ve been thinking of answering this for quite some time now.

Before choosing a bank or trust

Before even deciding which bank to go to and entrust your money, it is assumed that you already understand what UITF is. Avoid the shiny object syndrome where you’re investing because it sounds good and attractive. It’s better that you have at least an introduction on the way it works, how it’s regulated by the government, and why it can be an investment option. It’s actually okay as well that you drop by a bank and ask for a trust representative, someone who’s trained to discuss UITFs. According to Bangko Sentral ng Pilipinas, all UITF marketing personnel must undergo training and certification. Just take the time and have a think before you ultimately end up choosing which company to go with.

Also since you’re investing, it is also worth asking if this is something that is going to fit your financial status and personal situation. Be careful that you’re not going into it because you’re enticed by someone else. Or that you succumb to FOMO, fear of missing out. Again, it’s important that you tie your investment with a specific goal and that it’s something that fits your current cashflow.

And of course so that you can mitigate the risks associated with investing, it’s best that you build a strong financial foundation. You may also read the beginner’s guide for managed funds.

And if you’ve checked all of the above, here are four things that I personally think are important when choosing a provider for UITF investing.

  • company
  • lower fees
  • convenience
  • fund performance

Company

One of the most important things to consider is the company who’s offering the product. Does it have a long stable history on asset management and reputable track record? This is important because you’re going to be entrusting your savings, and you’d want to be with a company that’s doing it for quite some time and are abiding by the regulatory rules set by the government.

For your reference, here’s a list of banks and trust entities that offer UITF investments.

The easiest way is to list down the banks and trust companies that you know. They may be institutions that are doing business near your residence or place of work. You may also check the website of each company and read through their history, if you have the time.

One other way is to check UITF PH website. It is maintained by the Trust Officers Association of the Philippines, and it contains a list of trust entities in the country. You can also view the funds that are being offered and their performance.

Another tip is to check the news. Some of them are publicly-listed companies and they’re required by the law to submit reports that give updates on their general business operation and status. Or you may also consult with your friends, families, and online for any feedback that you think are going to be valuable in making your own decision.

Convenience

The other thing that you have to look into is convenience. For me, it’s important that it’s easy to transact business with the company. So the first thing requirement would be location. It shouldn’t be too far away from where you live or work so that in situations where you’d like to change something in your account, add more investment, and redeem your money, you can conveniently drop by .

Second, you may also want to look into their other services. Sure, your first goal is UITF investment. But think of other banking services that you might need such as a deposit account, checking account, a savings account for your kids, and time deposit. Other banking establishments offer or have sister companies that provide other services such as mutual funds, stock brokerage services, insurance, exchange traded fund (ETF) and Personal Equity and Retirement Account (PERA).

Other miscellaneous stuff that are worth considering is a low starting capital and the availability of the option to have an automatic investment. When a fund has a minimum amount for you to get started, it makes it easier for you to begin. Also if you’re working with a monthly income, you might want to have your payroll be deducted automatically to be placed into UITF periodically. Some banks offer this facility, and it makes adding more money to your savings very convenient.

Lower fees

Another factor that you have to seriously consider is to compare similar funds and choose the one with the lower fees. I know that this is not easy to do particularly if you’re someone who’s gonna do it for the very first time and are not familiar with the choices that are available for you. You may check the following articles first and then come back.

Each of the articles above already mentions the funds that are made available to the investing public. It also contains a table that lists down the fees that you have to look into such as sales load, management fee, and exit fee.

But why care about the fees?

Because fees can reduce your potential income, especially when you’re investing long-term. You can see the the comparison that I made on the effect of fees on the index funds. The higher they are, the lower will be the amount that you’re going to get at the end.

So what can you do?

  • Check similar funds from banks that you’ve identified in the first step.
  • You may also visit the websites of each fund. Most companies dedicate a page or two, even some downloadables for you to read through.
  • Narrow down the selection of funds that you think fit to your current cashflow and address your financial goals.
  • Compare and pick the one with the least fee.
  • Look out too for holding periods. Funds with no holding period makes your money safe from being charged for any exit fee for early redemption.

Fund performance

One other factor that you might be interested looking into would be the fund performance. A fund performance tells you how well the fund is able to provide value to investors, or to put it simply it tells you how much it has gained in a specific period of time. There are three ways this is measured:

  • Cumulative
  • CAGR
  • Against a benchmark

Cumulative gain

Cumulative is a straightforward way to compute how much the fund has increased by dividing its worth today versus its worth at a certain period in the past. The worth of the fund is expressed in net asset value per unit or NAVPU. (If you don’t know what NAVPU is, you can click the link.) So let’s imagine that the NAVPU of Fund XYZ five year ago is P100, and today it is now worth P150. The cumulative gain is 150% (150 ÷ 100 = 150%). This means that your money in this imagined fund has more than doubled in five years.

CAGR

CAGR or computed annual growth rate tries to answer the question: how well has the fund performed every year? There is a formula that there’s not much space to discuss here, but suffice it to say that the CAGR calculates how much your money is growing every year. So to use the example above, the CAGR of a fund whose NAVPU is P150 today and NAVPU five years ago is P100 is 8.447%. That’s like saying that you’ve saved your money in an investment that earns 8.447% annually for five years.

Funds usually give you its CAGR either yearly or for the past 5 or 10 years. CAGR is quite more useful than the cumulative gain because you can compare it with other investments in the market. For instance, the typical savings account earns 0.25% a year, the time deposit about 1.5% a year, etc.

Against a benchmark

All funds have a benchmark. A benchmark is something that you can compare their performance against, and it is something that is best explained with an example. All equities index funds, which are passively managed, are compared with the returns of the country’s top 30 companies, also called blue chips, Philippine Stock Exchange index (PSEi), or simply the stock index. It is expected that these funds will have similar gain or loss as that of the stock index, because the objective of these funds is to passively mirror the stock index by acquiring the proportionate shares of these companies.

Below is a sample comparison between the stock index and the First Metro Philippine Equities Exchange Traded Fund (FMETF).

FMETF returns vs PSEi

The benchmark becomes more important in actively managed funds, those that are called equities funds. Equities funds usually have the expressed goal of maybe exceeding the benchmark, and they usually have higher management fee because of this. If you choose an actively managed fund, check if it is able to meet its stated goal consistently over the years. Bond funds and money market funds also have their own benchmarks. You can check their objective in their fund prospectus or KIIDS (key information and investment disclosure statement).

However, it is important to bear in mind that the performance that what you’re going to see will be based in the past. And unfortunately, past performance does not guarantee future results. If a fund is able to provide spectacular gains this year, there is no way to tell if it can do so next year or consistently in the following couple of years.

The table below shows the UITF peso-denominated funds and their corresponding benchmark.

Fund NameBenchmark
AB CAPITAL EQUITY FUND
AB CAPITAL BALANCED FUND
AB CAPITAL SHORT-TERM FUND
Peso Investment Trust Fund5-yr PDST-R2
Equity Investment Trust Fund90-day yield of the Philippine Stock Exchange Index (PSEi)
Peso Money Market Fund30 day Tbills
ATRAM Peso Money Market Fund30-day Philippine Special Savings Rate
ATRAM Total Return Peso Bond FundBPI Government Bond Index
ATRAM Philippine Equity Smart Index FundPhilippine Stock Exchange index
ATRAM Global Dividend Feeder FundMSCI AC World Net Index
ATRAM Asia Equity Opportunity Feeder FundMSCI AC Asia Pacific ex Japan Net Index
ATRAM Global Technology Feeder FundMSCI AC World Information Technology Index
ATRAM Global Financials Feeder FundMSCI ACWI Financials Index
ATRAM Global Multi-Asset Income Feeder Fund (PHP Unit Class)25% MSCI World Net – USD Hedged, 15% MSCI Emerging Markets Net, 40% Bloomberg Barclays US Corporate High Yield 2% Issuer Capped Bond Total and 20% J.P. Morgan Emerging Markets Bond Index Global Total
ATRAM US Multi-Asset Income Feeder Fund (PHP Unit Class)1/3 S&P 500, 1/3 ICE BofA Meryll Lynch High Yield Master II Index, 1/3 BofA Merrill Lynch All Convertibles All Quantities Index, rebalanced monthly
ATRAM Global Bond Income Feeder FundBloomberg Barclays Global Credit Hedged USD
DIVERSITY PESO BOND FUND5-year yield based on PHP BVAL
DIVERSITY MONEY MARKET FUNDThree-month yield based on the PHP BVAL at the start of the quarter
DIVERSITY DIVIDEND FOCUSED FUND90% of the Philippine Stock Exchange Index (PSEi) and 10% of the one month yield based on the PHP BVAL
BDO INSTITUTIONAL CASH RESERVE FUNDBloomberg Ave. 30-day Special Savings Rate
BDO MERIT FUND MEDIUM TERM PORTFOLIOiBoxx ALBI Philippines 1-5 (Domestic) Index
BDO GS FUNDiBoxx ALBI Philippines 1-5 (Domestic) Index
BDO MERIT FUND INTERMEDIATE TERM PORTFOLIOiBoxx ALBI Philippines 1-3 (Domestic) Index
BDO PESO BOND FUNDiBoxx ALBI Philippines 1-5 (Domestic) Index
BDO PESO MONEY MARKET FUNDBloomberg Ave. 30-day Special Savings Rate
BDO INSTITUTIONAL EQUITY FUNDPSEi
BDO EQUITY FUNDPSEi
BDO PESO BALANCED FUND50% PSEi and 50% iBoxx ALBI Philippines 1-5 (Domestic) Index
BDO SUSTAINABLE DIVIDEND FUNDPSEi
BDO FOCUSED EQUITY FUNDPSEi
BDO EQUITY INDEX FUNDPSEi
BDO ESG EQUITY FUNDPSEi
BDO PERA EQUITY INDEX FUNDPSEi
BDO PERA SHORT TERM FUND 91-day Treasury Bills
BDO PERA BOND INDEX FUNDMarkit iBoxx ALBI Philippines 1-5 (Domestic) Index
BDO SHORT TERM FUND91 Day T-Bill Rate
BPI Short Term Fund91-day Treasury Bill net of tax
BPI Premium Bond FundBPI Philippine Government Bond 1-3 Year Index
BPI Money Market Fund91-day Treasury Bill, net of tax
ABF Philippines Bond Index FundiBoxx Philippines Index
BPI Balanced Fund50% Philippine Stock Exchange Index (PSEi) and 50% return of the 91-day Treasury Bill, net of tax.
BPI Equity Value FundPhilippine Stock Exchange index (PSEi)
Odyssey Peso Medium Term Bond FundBPI Philippine Government Bond 1-5 Year Index
Odyssey Peso Bond FundBPI Philippine Government Bond Index
Odyssey Diversified Capital Fund70% BPI Philippine Government Bond Index and 30% Philippine Stock Exchange Index
Odyssey Diversified Balanced Fund50% BPI Philippine Government Bond Index and 50% Philippine Stock Exchange Index
Odyssey Philippine Equity FundPhilippine Stock Exchange Index (PSEi)
Odyssey High Conviction Equity FundPhilippine Stock Exchange Index (PSEi)
Odyssey Tax-Exempt Peso Fixed Income FundBPI Philippine Government Bond Index
BPI Philippine Equity Index FundPhilippine Stock Exchange index (PSEi)
BPI Philippine High Dividend Equity FundPhilippine Stock Exchange index (PSEi)
BPI Fixed Income Portfolio Fund-of-FundsBPI Philippine Government Bond Index
BPI Philippine Infrastructure Equity Index FundBPI Philippine Infrastructure Equity Index
BPI Philippine Consumer Equity Index FundBPI Philippine Consumer Equity Index
BPI Catholic Values Global Equity Feeder FundCBIS World Equity Fund
BPI Bayanihan Balanced Fund90% BPI Philippine 1-3 Year Index and 10% Philippine Stock Exchange Index net of tax
BPI Invest US Equity Index Feeder Fund Class P (PHP Class)S&P500 Index
CHINA BANK FIXED INCOME FUND (formerly CBC GS FUND)Bloomberg Philippine Sovereign Bond Index 5+ Year (BPHIL5).
CHINA BANK MONEY MARKET FUNDBloomberg Phil Sovereign Bond Index Money Market (BPHILMM)
CHINA BANK BALANCED FUNDPhil Stock Exchange Index (PSEI) 50% + Bloomberg Phil Sovereign Bond Index 1 to 5 Year (BPHIL15) 50%
CHINA BANK EQUITY FUND95% Philippine Stock Exchange Index (PSEi) + 5% Bloomberg Phil Sovereign Bond Index Money Market (BPHILMM)      
CHINA BANK CASH FUND (formerly CBC INSTITUTIONAL MMF)Bloomberg Phil Sovereign Bond Index Money Market (BPHILMM)
CHINA BANK SHORT-TERM FUNDBloomberg Phil Sovereign Bond Index Money Market (BPHILMM)
CHINA BANK INTERMEDIATE FIXED-INCOME FUNDBloomberg Phil Sovereign Bond Index 1 to 3 Year (BPHIL13)
CHINA BANK HIGH DIVIDEND EQUITY FUND95% Philippine Stock Exchange Index (PSEi) + 5% Bloomberg Phil Sovereign Bond Index Money Market (BPHILMM)
CTBC Money Market Fund
CTBC Bank – ATRAM Philippine Balanced Feeder Fund50% Bloomberg Philippine Sovereign Bond Index + 50% Philippine Stock Exchange Index
CTBC Bank – Sun Life Philippine Stock Index Feeder FundPhilippine Stock Exchange Index
UNLAD KAWANI MONEY MARKET FUNDPhilippine 30-Day Average Special Savings Account Rate
CLASS I – UNLAD PANIMULA MM FUNDPhilippine 30-Day Average Special Savings Account Rate
CLASS II – UNLAD PANIMULA MM FUNDPhilippine 30-Day Average Special Savings Account Rate
CLASS III – UNLAD PANIMULA MM FUNDPhilippine 30-Day Average Special Savings Account Rate
EastWest Peso Long Term Bond FundBloomberg Philippine Sovereign Bond Index AI, Adjusted.
EastWest Peso Intermediate Term Bond FundBloomberg Philippine Sovereign Bond Index 1-3 Year, Adjusted.
EastWest Peso Money Market Fund100% Philippine 30-Day Special Savings Rate (net of witholding tax)
EastWest PhilEquity Feeder FundPhilippine Stock Exchange Index
EastWest PhilEquity Institutional Feeder FundPhilippine Stock Exchange Index
EastWest PSEI Tracker FundPhilippine Stock Exchange Index
East West Peso Short Term FundBloomberg Philippine Sovereign Bond Index Money Market, Adjusted.
LANDBANK Bond FundPercentage change in the Bloomberg Government Bond Index AI*  (All in) or, in its absence, any relevant and industry-accepted benchmark *Priced using PDEx’s (Philippine Dealing Exchange Corporation) PDSS-R2
LANDBANK Growth FundSimple average of the percentage change in the following indices: a. Bloomberg Government Bond Index AI (All in) priced using PDEx’s (Philippine Dealing Exchange Corporation); and Closing Philippine Stock Exchange Index (PSEi)
LANDBANK Money Market FundPercentage change in the Bloomberg Philippine Sovereign Bond Index Money Market*  or, in its absence, any relevant and industry-accepted benchmark; *Priced using PDEx’s (Philippine Dealing Exchange Corporation) PDSS-R2
LANDBANK Money Market Plus FundPercentage change in the Bloomberg Philippine Sovereign Bond Index Money Market*  or, in its absence, any relevant and industry-accepted benchmark, *Priced using PDEx’s (Philippine Dealing Exchange Corporation) PDSS-R2
LANDBANK Equity Index FundPercentage change of the closing PSEi, or in its absence, any available relevant or similar benchmark
Manulife Stable Income Fund (Class A)Markit iBoxx ALBI Philippines 1-3 Index
Manulife Stable Income Fund (Class I)Markit iBoxx ALBI Philippines 1-3 Index
Manulife Income Builder Fund (Class A)90% Markit iBoxx ALBI Philippines 1-5 Index + 10% Markit iBoxx ALBI Philippines Liquid Index
Manulife Income Builder Fund (Class I)90% Markit iBoxx ALBI Philippines 1-5 Index + 10% Markit iBoxx ALBI Philippines Liquid Index
Manulife Equity Wealth Fund (Class A)Philippine Stock Exchange Index (PSEi)
Manulife Equity Wealth Fund (Class I)Philippine Stock Exchange Index
Manulife Asia Best Select Equity Fund (PHP Unhedged Class A)MSCI Asia ex Japan Index
Manulife Asia Pacific REIT Fund of Funds (PHP Unhedged Class A)Manulife Investment Asia REIT ex-Japan Index
Manulife Asia Dynamic Bond Feeder Fund (PHP Unhedged Class A)50% JP Morgan Emerging LocalMarkets Index Plus (Asia) + 50% JP Morgan Asia Credit Index (USD)
Manulife Dragon Growth Equity Feeder Fund (PHP Unhedged Class A)MSCI Zhong Hua Index
Manulife Global Preferred Income Feeder Fund (PHP Unhedged Class A)50% BoFA Merrill Lynch Fixed Rate Preferred Securities Index + 50% BoFA Merrill Lynch US Capital Securities Index
Manulife American Growth Equity Feeder Fund (Php Unhedged Class A)S&P 500 Index
Manulife Asia Pacific REIT Fund of Funds (PHP Unhedged Class I)Manulife Investment Asia REIT ex-Japan Index
Manulife Global Preferred Income Feeder Fund (PHP Unhedged Class I) 50% BoFA Merrill Lynch Fixed Rate Preferred Securities Index + 50% BoFA Merrill Lynch US Capital Securities Index
Maybank Tiger Peso Money Market Feeder Fund
Maybank Tiger Peso Bond Feeder Fund
Metro Money Market FundBloomberg Phil 30-day Special Savings Rate General Average (net of taxes)
Metro Max-3 Bond Fund80% Bloomberg Phil Sovereign Bond Index 1-3 year (BPHIL13), Adjusted and 20% Bloomberg Phil 30-day Special Savings Rate General Average (net of taxes)
Metro Max-5 Bond Fund80% Bloomberg Phil Sovereign Bond Index 1-5 year (BPHIL15), Adjusted and 20% Bloomberg Phil 30-day Special Savings Rate General Average (net of taxes)
Metro Balanced Fund60% Philippine Stock Exchange Index (PSEi) and 40% Bloomberg Philippine Sovereign Bond Index 1-5 year (BPHIL15), Adjusted
Metro Equity FundPhilippine Stock Exchange index (PSEi)
Metro Aspire Bond Feeder Fund80% Bloomberg Phil Sovereign Bond Index 1-5 year (BPHIL15), Adjusted and 20% Bloomberg Phil 30-day Special Savings Rate General Average (net of taxes)
Metro High Dividend Yield FundPhilippine Stock Exchange Index (PSEi)
Metro Philippine Equity Index Tracker FundPhilippine Stock Exchange Index (PSEi)
Metro Aspire Balanced Feeder Fund60% Philippine Stock Exchange Index (PSEi) and 40% Bloomberg Philippine Sovereign Bond Index 1-5 year (BPHIL15), Adjusted
Metro Aspire Equity Feeder FundPhilippine Stock Exchange Index (PSEi)
Metro Corporate Bond Fund80% BPI Phil Corporate Bond Index and 20% Bloomberg Phil 30-day Special Savings Rate General Average (net of taxes)
Metro Short Term Fund75% Bloomberg Philippine 30-day Special Savings Rate General Average (net of taxes) and 25% BPI Philippine Government Money Market Index
Metro Unit Paying Fund40% Philippine Sovereign Bond Index 1-5 years (BPHIL15), Adjusted; 40% BPI Philippine Corporate Bond Index; and 20% Philippine 30-Day Special Savings Rate General Average (net of taxes)
PBCOM SIGNATURE TRUST FUND91-day T-Bills
PBCOM VALUE EQUITY FUNDPSE
PBCOM BEST BALANCED FUNDPSE/PDSTF
Philippine Business Bank Diamond FundPDS R-2
PNB PRIME PESO MONEY MARKET FUNDMoving Average of the Philippines 30 Day Special Savings Rate General Average, net of taxes
PNB BALANCED FUND50% Philippine Stock Exchange Index (PSEi) and 50% Bloomberg Philippine Sovereign Bond Index Money Market, Adjusted.
PNB GLOBAL FILIPINO PESO MONEY MARKET FUNDMoving Average of the Philippines 30 Day Special Savings Rate General Average, net of taxes
PNB PHIL-INDEX TRACKER FUND100% Philippine Stock Exchange Index
PNB DREAM BUILDER MONEY MARKET FUNDMoving average of the Philippines\\\’ 30 Day Special Savings Rate General Average, net of taxes
PNB HIGH DIVIDEND FUND100% Philippine Stock Exchange Index
PNB PESO INTERMEDIATE TERM BOND FUNDBloomberg Philippine Sovereign Bond Index 1 to 3 Year, Adjusted
PNB EQUITY FUND100% PSEi
PNB INSTITUTIONAL MONEY MARKET FUNDMoving Average of the Philippines 30-day Special Savings Rate General Average, net of taxes
PNB PESO FIXED INCOME FUND50% Moving Average of the Philippines 30 Day Special Savings Rate General Average, net of taxes and 50% Bloomberg Philippine Sovereign Bond Index Money Market, Adjusted
PSBANK MONEY MARKET FUNDPhilippine 91-day Treasury Bills Rate
PRUInvest PHP Liquid Fund30-day Average PH Peso Savings Rate
RIZAL PESO MONEY MARKETPhilippines 30-day Special Savings Rate General Average, net of tax.
RIZAL PESO BOND FUNDBPI Philippine Government Bond Index
RIZAL EQUITY FUNDComposite: PSEi (100%)
RIZAL BALANCED FUNDComposite: PSEi (60%) + BPI Philippine Government Bond Index (40%)
RCBC PESO SHORT TERM FUND91-day Treasury Bill Auction Rates
RIZAL PESO CASH MANAGEMENT FUNDPhilippines 30-Day Special Savings Rate, net of 20% final withholding tax
RCBC R25 BLUE-CHIP EQUITY FUNDPSEi (100%)
RCBC R25 DIVIDEND EQUITY FUNDPSEi (100%)
RBank Balanced Fund50% Phisix index & 50% 91 day TBill rate net of tax
RBank Peso Money Market FundAverage 91 day TBill rate, net of tax
RBank Tax-Exempt Retirement FundPDST R2 + 100 bps p.a.
SB PESO BOND FUND90% HSBC Local Currency Government Bond Total Return Index1 + 10% O/N Special Savings Account Rate (net of withholding tax)
SB PESO MONEY MARKET FUND90% HSBC Money Market Total Return Index + 10% O/N Special Savings Account (net of withholding tax)
SB PESO ASSET VARIETY FUND50% Philippine Stock Exchange Index + 40% HSBC Local Currency Government Bond Total Return Index1 + 10% O/N Special Savings Account (net of withholding tax)
SB PESO EQUITY FUND90% Philippine Stock Exchange Index (price only return) + 10% O/N Special Savings Account (net of withholding tax)
SB HIGH DIVIDEND PESO EQUITY FUND90% Philippine Stock Exchange Index (price only return) + 10% O/N Special Savings Account (net of withholding tax)
SB PHILIPPINE EQUITY INDEX FUNDPhilippine Stock Exchange Index
Sterling Money Market FundThe Fund aims to achieve a rate of return based on the prevailing PDST-R2 rate plus 0.25% to 1%.
Sterling Balanced FundThe Fund aims to achieve a rate of return based on the prevailing PDST-R2 rate plus 0.25% to 1% on the three year tenors and on the moving average of the Philippine Stock Exchange’s PHISIX.
Sterling Bank Philequity Feeder FundPSEi
UnionBank Large Capitalization Philippine Equity Portfolio Philippine Stock Exchange Index (PSEi)
UnionBank Peso Balanced Portfolio50% – Philippine Stock Index (PSEi) and 50% –  Bloomberg Philippine Sovereign Bond Index 1 to 5 Year (BPHIL15)
UnionBank Philippine Peso Fixed Income PortfolioBloomberg Philippine Sovereign Bond Index 1 to 5 year (BPHIL15)
UnionBank Tax Exempt PortfolioBloomberg Philippine Sovereign Bond Index 1 to 5 Year (BPHIL15)
UnionBank Long Term Fixed Income PortfolioBloomberg Philippine Sovereign Bond Index 1 to 5 Year (BPHIL15)
UnionBank Intermediate Term Fixed Income PortfolioBloomberg Philippine Sovereign Bond Index 1 to 3 Year (BPHIL13)
UnionBank Infinity Prime PortfolioBloomberg Philippine Sovereign Bond Index 1 to 3 Year (BPHIL13)
UnionBank Peso Short Term Fixed Income PortfolioBloomberg Philippine Sovereign Bond Index Money Market (BPHILMM)
UnionBank Dividend Play Equity PortfolioPhilippine Stock Exchange Index (PSEi)
UnionBank Philippine Equity Index PortfolioPhilippine Stock Exchange Index (PSEi)
UnionBank High Net Worth Medium-Term Peso Fixed Income PortfolioBloomberg Philippine Sovereign Bond Index 1 to 5 Year (BPHIL15)
UnionBank High Net Worth Intermediate-Term Peso Fixed Income PortfolioBloomberg Philippine Sovereign Bond Index 1 to 3 Year (BPHIL13)
PHP UnionBank Capital Accumulation Global Fund of Funds Portfolio1-month Bloomberg Valuation (BVAL)
UCPB Peso Bond Fund (Formerly United Conservative Fund)Bloomberg Philippine Local Sovereign Index
UCPB Cash Management Fund (Formerly United Cash Management Fund)30 days special savings rate
UCPB Equity Fund (Formerly United Equity Fund)Phil. Stock Exchange Index
UCPB Balanced Fund (Formerly United Balanced Fund)Blended Benchmark � 50% Phil. Stock Exchange Index & 50% Bloomberg Philippine Local Sovereign Index
UCPB High Dividend FundPhil Stock Exchange
UCPB Philippine Index Equity FundPhilippine Stock Exchange Index