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June 30, 2019

PHILAM BOND FUND, INC.


FUND FACT SHEET

Investment Objective NAVPS Graph


The investment objective is to achieve capital preservation with returns and
inflows derived out of investments in fixed income and money market
instruments. The recommended time frame for the fund is 5 years or more. This 4.6
fund is suitable for investors who: have a medium term investment horizon; want
a diversified portfolio of investment in fixed income and money market securities; 3.6
and/or are willing to take conservative risk for potentially conservative to
moderate capital return over the medium term. 6/30/2019
2.6

1.6
Historical Performance1
3
FUND 1 MO 1 YR 3 YRS 5 YRS S.I. 0.6
Cumulative 2.15% 5.89% -0.44% 6.33% 308.06%
Annualized 5.89% -0.15% 1.23% 6.59% -0.4
10/31/97 10/31/00 10/31/03 10/31/06 10/31/09 10/31/12 10/31/15 10/31/18
YTD 2018 2017 2016 2015
Calendar Year 6.68% -3.22% 0.10% 1.51% -0.91%

Benchmark2 1 MO 1 YR 3 YRS 5 YRS S.I.3


Cumulative 3.33% 13.63% 6.15% 16.33% 398.31% Fund Allocation
Annualized 13.63% 2.01% 3.07% 7.56%
YTD 2018 2017 2016 2015
Calendar Year 14.50% -4.59% 1.90% 0.98% 0.30% Corporate
1. Returns are net of fees. Past performance is not indicative of future returns. Gov't Bonds, 24.7%
2. 90% Bloomberg Philippine Sovereign Bond Index AI + 10% Philippines 30 Days Savings Rate Securities,
General Avg (Net of 20% WHT) as of 06/30/2019 69.1%
3. Since Inception (June 18, 1997) Cash &
Equivalents,
6.2%

Key Figures and Statistics


Net Asset Value per Share (NAVPS) 4.1812
Total Fund Size (in Millions) 6,500.00
Top Five Holdings
YOY Return as of 06/30/2019 5.89% Name Coupon Yield Maturity Fund %
Benchmark YOY Return as of 06/30/2019 13.63% FXTN 2017 PHY6972FPV67 8.000% 5.00% 7/19/2031 9.12%
Annualized Volatility 5.51% GPN 36 US718286BM88 6.250% 4.84% 1/14/2036 8.74%
Duration (Years) 5.27 GPN 22 US718286BX44 3.900% 4.52% 11/26/2022 5.25%
Inception Date June 18, 1997 FXTN 7-58 PHY6972FWM85 3.500% 4.96% 4/21/2023 5.16%
Fund Classification Fixed Income Fund GB R20-1 PHY6972FSE16 5.875% 5.22% 3/1/2032 4.08%
Risk Profile Conservative
Fund Currency Philippine Peso
Domicile Philippines Maturity Profile
Min. Initial Investment Php1,000.00
< 2 years 15.6%
Min. Transaction Php500.00
Min. Holding Period Six Months < 6 years 36.2%
Redemption Notice Period Three Days
< 10 years 13.1%
Valuation Method Marked-to-Market
Custodian Bank Citibank N.A. > 10 years 35.2%
Transfer Agent Philam Asset Management, Inc.

Commentary
PDS Summary: Average: PHP51.768/USD / High: PHP52.177/USD 06/17/19 / Low: PHP51.255/USD 06/27/19 / Close: PHP51.240/USD 06/28/19

Economic Highlights:

• Philippine CPI accelerated in May to 3.2% Y/y, above the 2.9% Bloomberg market consensus and April’s inflation print of 3.0%. This is the first uptick after easing for six months. Year to date average inflation
is at 3.54%, within BSP’s target range of 2%-4% in 2019.
• BSP kept key policy rate unchanged at 4.50% on the back of manageable inflation outlook and firm domestic growth prospects. The forward guidance remains dovish.
• The BTr reduced it 3Q19 borrowing plan to only PHP280Bn or PHP 85Bn less than 2Q19 borrowings. The reduction was on Treasury bills (PHP 105Bn less) which will resume a bi-monthly auction, while the
volume of Treasury bonds was increased by PHP 20Bn and will remain to be twice a week.

Local bond yields continued to trend lower during the month despite the slight uptick in inflation figure. The renewed buying interests was supported by additional liquidity from the 2nd round of Reserve
Requirement Ratio cut, market expectation of a 25bps policy rate cut and a reduced 3Q19 debt supply. While some players opted to take profit amid low yields, buyers dominated the market allowing yields to
decline across the curve. At the month’s close, the 10-yr benchmark rate dropped 48bps to 5.07%, while the 2-yr benchmark rate decreased 58bps to 4.95%, month-on-month. Yield curve flattened from the
previous month.

Interest rates are expected to test new 2019 lows as June inflation further slows from May’s 3.2%. Fresh liquidity from maturities and last round of RRR cut will sustain the rally. Headlines from global
developments will likewise direct market activity.