FWD FUNDS’ DAILY PERFORMANCE

June 10, 2019

FUND NAME INCEPTION FUND MONTH- YEAR-TO- SINCE
(Value as of 07 June 2019) DATE PRICE ON-MONTH DATE INCEPTION
FWD Peso Bond Fund 02/02/2015 0.99200 3.59% 11.97% -0.80%
FWD Peso Fixed Income Fund 09/15/2014 1.00625 2.68% 7.29% 0.63%
FWD Peso Balanced Fund 09/15/2014 0.97389 2.28% 6.42% -2.61%
FWD Peso Stable Fund 01/28/2015 0.84875 1.88% 8.33% -15.13%
FWD Peso High Dividend Equity Fund 01/27/2015 0.88498 -0.41% 5.19% -11.50%
FWD Peso Equity Index Fund 06/19/2017 0.99254 0.88% 7.37% -0.75%
FWD Peso Equity Fund 09/15/2014 1.07215 0.75% 5.32% 7.21%
FWD Peso Growth Fund 01/26/2015 0.86191 -0.62% 4.84% -13.81%

MARKET COMMENTARIES
PHILIPPINE GOVERNMENT SECURITIES
Yields were lower by another 2-7 basis points across the curve with good two-way sentiment in the market on the back of easing
inflation and prospects of Bangko Sentral ng Pilipinas further cutting down policy rates this year. Market now looking ahead to next
week’s Treasury bill and 20Y paper auction.

PHILIPPINE EQUITIES
The local stock market traded in red for most of the day before market-on-close (MOC) buy orders pushed the index to close higher
on low volumes. The Philippine Stock Exchange index (PSEi) gained 24.12 points or 0.30% to close at 7,983.98, while value turnover
fell to PHP3.70 billion. Foreigners were net sellers in the amount of PHP573.32 million, with 50% participation. Their top sells were ALI
(-PHP180.51 million, net), JFC (-PHP78.74 million, net), and TEL (-PHP59.84 million, net). Market breadth was positive as advancers led
decliners – 103 to 86. After market close, the Bangko Sentral ng Pilipinas (BSP) released latest foreign reserves data which rose to
USD85 billion in May from USD84 billion in April.
Gainers: GTCAP (+2.09%), LTG (+1.85%), AEV (+1.47%), BDO (+1.30%), and PGOLD (+1.20%)
Losers: GLO (-1.50%), MEG (-1.30%), AP (-1.13%), SMC (-1.08%), and AGI (-0.51%)

SPECTRUM OF FUND STRATEGIES

Conservative Balanced Aggressive

FWD Peso FWD Peso

FWD Peso Bond FWD Peso FWD Peso FWD Peso High FWD Peso FWD Peso
Fixed Income Equity Index
Fund Balanced Fund Stable Fund Dividend Fund Equity Fund Growth Fund
Fund Fund

MOST CONSERVATIVE MOST AGGRESSIVE

 FWD FUNDS’ PRICE MOVEMENT (52W)

1.000 FWD Peso Bond Fund 1.020 FWD Peso Fixed Income Fund
0.99200 1.00625
1.000
0.960
0.980
0.920
0.960
0.880
0.940

0.840 0.920

0.800 0.900

1.020 FWD Peso Balanced Fund FWD Peso Stable Fund

1.000
1.000 0.960
0.97389
0.980 0.920
0.960 0.880
0.84875
0.940 0.840
0.920
0.800
0.900
0.760
0.880
0.720

1.040
FWD Peso High Dividend Fund FWD Peso Equity Index Fund
1.150
1.000
1.110
0.960 1.070
0.88498 0.99254
0.920 1.030
0.880 0.990
0.950
0.840
0.910
0.800
0.870
0.760
0.830

FWD Peso Equity Fund FWD Peso Growth Fund

1.240 1.000
1.200 0.960
1.160 0.920
1.07215 0.86191
1.120 0.880
1.080 0.840
1.040 0.800
1.000
0.760
0.960
0.720
0.920
0.680

Figures reflected in this document are not indicative of future performance. Potential investors should be mindful that the price of funds
and the potential income from them may go up or down depending on market fluctuations, and therefore are not guaranteed.