FAQs

What is a Unit Investment Trust Fund?

Unit Investment Trust Funds (UITFs) are open-ended, pooled trust funds denominated in pesos or any acceptable currency, which are operated and administered by a trust entity and made available by participation.

Are UITFs guaranteed and insured?

UITFs are not guaranteed by the trust company and not insured by the PDIC.

Do UITF’s have a maturity date?

UITFs are open-ended thus, no maturity date.

What is Net Asset Value per Unit and how is this determined?

Net Asset Value or NAV is a summation of the market value of each investment less fees, taxes, and other qualified expenses. Net Asset Value per Unit (NAVPU) is the current worth of a Unit of Participation in a Fund. This is computed by dividing the fund’s (NAV) by the total outstanding units.

What does a unit of participation represent?

A unit of participation represents a participant’s proportionate and undivided interest in the UITF as a whole.

For new retail individual UITF clients, you may click here to open a new account. If you do not have a Wealth Specialist, type 300000 in the space provided for Wealth Specialist code. Watch this video on how to open an account.

For existing retail individual UITF clients, log-in to your Manulife iFunds account to subscribe. Watch this video on how to subscribe.

For non-retail individual UITF clients, you may fill out and sign the Account Opening Kit and submit to your Manulife Wealth Specialist. Click here to access the relevant forms.

How do I redeem my units of participation?

For retail individual UITF clients, log-in to your Manulife iFunds account to redeem. Watch this video on how to do redemption.

For non-retail individual UITF clients, you may print, fill out and sign the Redemption Form and submit to your Manulife Wealth Specialist. Click here to access the relevant Forms.

What is the minimum amount of investment in UITFs?

The minimum initial investment, maintaining participation and transaction amounts are Php1,000 and US$ 100 for the Peso share classes and USD share classes, respectively.

What is the minimum holding period?

There is no minimum holding period for all Manulife Investment Management UITFs.

What are the fees I have to pay?

The trust fee and other qualified expenses are already embedded in each UITF’s NAVpu.

Are there any entry charge and early redemption charge?

There are no entry charge and early redemption charge for all Manulife Investment Management UITFs.

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Unit Investment Trust Funds are NOT DEPOSIT products and are not insured by the Philippine Deposit Insurance Corporation (PDIC) or by Manulife Investment Management and Trust Corporation, its parent company or its affiliates. These products have no guaranteed returns/yields. The performances of the funds and their underlying securities are not guaranteed, and the value of funds may fluctuate and could be less than the capital invested. Any loss/income arising from market fluctuations and price volatility, even if invested in government securities, is for the account of the client/investor. Past performance, when presented, is purely for reference purposes and is not indicative of similar future result. Manulife Investment Management and Trust Corporation is not liable for losses except for gross negligence, willful fraud or bad faith of its officers, employees, or authorized representatives. Prospective investors are advised to read the Declaration of Trust for the Fund which may be obtained from the office of the Trustee, consult a Financial Advisor/Wealth Specialist and take the Client Suitability Assessment to determine the suitable Fund before proceeding with the investment.

Manulife Investment Management and Trust Corporation, its products and services are regulated and governed by the Bangko Sentral ng Pilipinas (BSP) with telephone number (02) 8-708-7087 and email address consumeraffairs@bsp.gov.ph. For inquiries or complaints relating to our products and services, you may call our Customer Care Hotline at (02) 8-884-7000 or send an email to phtrust@manulife.com. To know your rights under BSP Circular No. 857 (Regulations on Financial Consumer Protection), please access a copy at the BSP website (www.bsp.gov.ph).

Manulife, Manulife Investment Management, and Manulife Investment Management & Block Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.