Unit Trust

Phillip US Dollar Money Market Fund

as of 31 October 2019

US$ 1.0985

as of 31 October 2019

US$ 248.77 million

PERFORMANCE

INVESTMENT OBJECTIVE & FOCUS

The investment objective of the Fund is to achieve medium to long term capital appreciation through investing the Deposited Property primarily in investments in or of companies with either assets wholly or partially in, or revenues wholly or partially derived from investment in countries and territories in the Asia Pacific region (including Japan, Australia and New Zealand) selected by the Managers for the purpose of investment of the Deposited Property. The total overall investment in equities or shares of companies in Emerging Markets is capped at 50% of the Value of the Deposited Property. The Fund is growth oriented and is authorised to invest in stocks and bonds, including but not limited to convertible bonds. The Managers seek to identify emerging trends, underappreciated growth prospects and undervalued franchises. The Managers combine top-down and bottom-up approaches in managing the Fund; top-down approach tackles the asset and geographical allocation decisions while bottom-up approach tackles vigorous quantitative and qualitative analysis to determine the absolute and relative attractiveness of the securities. Subject to the provisions of the Code on Collective Investment Schemes issued by the MAS (“Code”), the Managers may also invest the Deposited Property into money market funds and collective investment schemes, including money market funds and collective investment schemes managed by the Managers during such time or times and on such terms as the Managers think fit in accordance with the investment objective and focus of the Fund. The management fees charged by the money market funds and collective investment schemes managed by the Managers will be rebated to the Fund, as may be agreed between the Managers and the Trustee. The Managers currently use financial derivative instruments (“FDIs”) for the purpose of hedging and/or efficient portfolio management.

KEY FACTS

Inception Date
6 May 2009
Inception Price
US$1.0000
Subscription Mode
Cash
Dealing Frequency
Daily SGT 3:30pm
Pricing
Historical Pricing
Benchmark
1 week US$ Libor Rate
Initial Sales Charge
Currently 0%, maximum 5%
Realisation Fee
Currently 0%, maximum 5%
Trustee Fee
Currently 0.065%, maximum 0.20%
Minimum Subsequent Investment
US$100
Investment Manager
Phillip Capital Management (S) Ltd
Switching Fee
Currently up to 1%, Maximum 1% subject to a minimum of SG$25

CLASS ‘A’ – RETAIL CLASS

ISIN Code
SG9999006043
Minimum Initial Investment
US$500
Minimum Holdings
500 units
Annual Management Fee
Currently 0.40%, maximum 2%
Bloomberg Ticker
PHUSMMA SP Equity

CLASS ‘I’ – INSTITUTIONAL CLASS

NAV Price
NA
Bloomberg Ticker
PHUSMMI SP Equity
ISIN Code
SG9999006050
Minimum Initial Investment
US$500,000
Minimum Holdings
500,000 units
Annual Management Fee
Currently 0.25%, Maximum 1%

TOTAL RETURNS (as of 30-Sep)

TOTAL RETURNSFUNDBENCHMARK
Since Inception9.69%6.44%
1 month0.16%0.15%
3 months0.49%0.49%
Year To Date1.56%1.64%

Annualised Returns

Annualised ReturnsFundBenchmark
1 year2.04%2.20%
3 years1.45%1.57%
5 years1.09%1.04%
Annualised returns since Inception0.89%0.60%

DOCUMENTS

Factsheet

Product Highlight Sheets

Prospectus

Annual Report

Semi Annual Report