SB UNIT INVESTMENT TRUST FUNDS

OCTOBER 31, 2014

SB Peso Equity Fund

October 2014 Fund Performance Report
Calendar Year Performance (%)
Fund1
Benchmark2

NAVPU Graph

YTD

2013

2012

2011

36.64%
20.17%

-0.09%
1.38%

33.66%
29.84%

5.02%
3.84%

Cumulative Performance (%)

Past
1M
Fund1
Benchmark2

Past
3M

Past
1Y

Past
3Y

S.L.3

0.11% 8.81% 19.65% 84.29% 142.80%

-0.82% 4.62% 8.72% 59.22% 130.71%

Fund Statistics
Net Asset Value
NAVPU, month-end

PhP 1,940.50 million

2.427956

2.5000
2.4000
2.3000
2.2000
2.1000
2.0000
1.9000
1.8000
1.7000
1.6000
1.5000
10/31/13
Consumer
Power & Utilities
Gaming
Mining & Oil
Transportation
Conglomerates
Banks
Telcos
Property
Construction

The PSE was slightly down by -0.9% for the month of

October as weakness in the Eurozone combine with
Ebola fears caused a sell-off in the market. Aside from
this, there were fears also in the market as to what will
happen once the US Fed stops its quantitative easing
program. This led to foreigners selling the local market as
net foreign selling stood at 540M USD.

The gaming industry was the main driver of the market in

anticipation of the Opening of City of Dreams sometime
December. This led to Premium Leisure (+17.6%) and
Melco Crown (13.6%) outpacing the market. Conversely,
the mining industry took a beating due to commodity
prices falling as Philex mining (-10.7%) and Lepanto (4.4%) lagged the market.

Trust Division

Cash
Equivalents
6.0%

SB Peso Equity Fund

Philippine Stock Exchange
Index

2/28/14

6/30/14

10/31/14

24.6%
19.8%
11.8%
10.7%
7.8%
7.8%
3.8%
3.0%
2.6%
2.1%

Fund Description
Investment Objective: SB Peso Equity Fund aims to achieve long term growth by diversifying
mainly into select equity investments listed in the Philippine stock exchange, and other
marketable instruments. The Fund aims to surpass its benchmark (gross of fees) which is 90%
Philippine Stock Exchange Index (price only return) + 10% O/N Special Savings Account (net of
withholding tax).
Client Suitability: The Fund is suitable for aggressive or risk tolerant individual or institutional
clients with medium to long term horizons, who seek potentially higher returns through
investments in the Philippine stock market and who can tolerate higher price volatilities. As
such, the participant/client is also exposed to the possibility of capital losses given the volatile
nature of the local equities market. In order to minimize risk and maximize the earning
potential, participants to the Fund are recommended to stay invested for at least three (3)
years.

Top Holdings
Stock
Nickel Asia Corporation
Universal Robina
International Container Terminal
DNL Industries
DMCI Holdings Inc.

% Fund
10.70%
8.90%
7.80%
6.10%
6.10%

The Funds top holdings may change depending on the Funds strategy. The list is for
informational purposes only and does not constitute a buy recommendation on these
securities. Future investments shall be limited to the investment outlets listed in the
Funds Declaration of Trust.
1
2

Outlook:
We believe the market will need another catalyst to
breach the 7,300 levels. As for now, we see the market to
be consolidating between 7,100 7,300 in the near term.

Equities
94.0%

Sector Allocation

Fund Managers Report

The BSP kept interest rates steady this time as inflation

for the month of September eased to 4.4%. This then
strongly proves that the port congestion was a big factor
for the inflated prices last month. This suggests that the
BSP will not be tightening the economy anytime in the
near future.

Portfolio Composition

Net of Fees. Past Performance is not indicative of future returns

Benchmark is 90% Philippine Stock Exchange Index (price only return) + 10% O/N Special
Savings Account (net of withholding tax)
Since launch (February 1, 2010)
Effective February 1, 2013

Additional Fund Information

FUND TYPE
NAVPU AT START OF OPERATION
BLOOMBERG TICKER
FUND INCEPTION DATE
MINIMUM INVESTMENT4
MINIMUM ADDITIONAL4
MINIMUM HOLDING PERIOD4
VALUATION
TRUSTEE
TRUST FEE4
CUSTODIAN
DEALING TIME/DAY
EARLY REDEMPTION FEE
SETTLEMENT PERIOD

REDEMPTION POLICY

Peso Equity Fund

1.000000
SBPSEQF PM Equity
1 February 2010
PhP 10,000
PhP 5,000
30 calendar days
Marked-to-Market
Security Bank Corporation
1.50% per annum; 0.375% per quarter
HSBC
9am -1:30pm, any banking day
0.50% on Total Net Redemption Proceeds
T+4
Any re-investment after partial redemption from a
particular COP/s shall in no case fall below the minimum
investment amount.
The Trustee shall issue new COP on the re-invested amount
and subject to a new minimum holding period.

The SB Peso Equity Fund, a Unit Investment Trust Fund (UITF) is NOT a DEPOSIT and not insured by PDIC. Due to the nature of the investments, yield and potential yields cannot be guaranteed. Any income or loss arising from market fluctuations and price volatility of the
securities held by the Fund, even if invested in government securities, is for the account of the investor. As such, units of participation in the Fund, when redeemed, may be worth more or be worth less than his/her/its initial investment/contributions. Historical performance, when
presented, is purely for reference purposes and is not guarantee of future results. Security Bank Corporation Trust Division as Trustee is not liable for losses, unless upon willful default, bad faith or gross negligence.