Mutual Fund Company Roundup 1

I'm going to do a comparison of the different Philippine mutual fund companies. The information on each company will include the types of fund available, minimum investment amounts, sales load, annual fees, and contact information as well as my sources. I will do my best to ensure the information is complete and accurate, but please verify all information before investing.

Let's start with Sunlife and First Metro.

Sunlife Financial Philippines

Fund types offered:

Bond Fund

 

Balanced Fund

 

Equity Fund

 

Money Market Fund

 

Government Securities Fund

 

Dollar Bond Fund

 

Dollar Balanced Fund

 

 

Minimum initial investment:

P5000 for peso funds

 

$2000 for dollar funds

 

 

Minimum subsequent investment:

P1000 for peso funds

 

$500 for dollar funds

 

 

Sales load:

 

Option A:

2% front-end load (plus VAT)

 

0% back-end load

 

 

Option B:

0% front-end load

 

5% back-end load plus VAT if the investment is redeemed within the first year

 

4% back-end load plus VAT if the investment is redeemed within the second year

 

3% back-end load plus VAT if the investment is redeemed within the third year

 

2% back-end load plus VAT if the investment is redeemed within the fourth year

 

1% back-end load plus VAT if the investment is redeemed within the fifth year

 

0% back-end load plus VAT if the investment is redeemed beyond the fifth year

 

 

Annual Fee

2%

 

 

Website:

Sunlife Financial Philippines

E-mail:

phil_prosperity@sunlife.com

Phone Number:

8499888

First Metro Asset Management, Inc.

Fund types offered:

Fixed-income Fund

 

Balanced Fund

 

Equity Fund

 

Money market Fund

 

 

Minimum initial investment

P5000

Minimum subsequent investment:

P1000

 

 

Sales load:

 

 

 

For equity, balanced, and fixed-income funds:

 

Front-end load

 

Php5,000.00 > Php100,000.00

2.00%

Php100,000.00 > Php500,000.00

1.50%

Php500,000.00 > Php2,000,000.00

1.00%

Php2,000,000.00 and above

0.50%

 

 

Back-end load

 

Redemption or exit fee is applicable if redemption or withdrawal is made within the first six months or 180-days of investment. Redemption or withdrawal made beyond six months or 180-days, redemption or exit fee is waived.

 

 

For money-market fund:

 

Php5,000.00 > Php100,000.00

1.00%

Php100,000.00 > Php300,000.00

0.50%

Php300,000.00 and above: Waived = 0.00%

 

 

Back-end load

 

Redemption or exit fee is applicable if redemption or withdrawal is made within the first month or 30-days of investment. Redemption or withdrawal made beyond one month or 30-days, redemption or exit fee is waived.

 

 

Annual Fee

1.75% for equity, balanced, and fixed-income funds

 

1% for money-market fund

 

 

Website:

FAMI

E-mail:

FAMI@firstmetro.com.ph

Phone Number:

8912860 to 65

Roundup Part 2: Philam Asset Management Inc.
Roundup Part 3: Philequity
Roundup Part 4: ATR KimEng