A stock corporation primarily engaged or holds itself out as being engaged primarily, or proposes to engage, in the business of investing, reinvesting and trading in securities
Any investment company which offers for sale a fixed number of non-redeemable securities which are offered in an initial public offering and thereafter traded in an organized market as determined by the Commission and Exchange
1. File documentary requirements for the registration of its Articles of Incorporation (AOI) and By-Laws (BL)
2. File SEC ICA Form 7-A and pay the filing fee
3. The name of the corporation shall contain the word "Fund"
4. The primary purpose clause of the AOI shall provide that the corporation shall engage in the business of investing, reinvesting or trading in securities or other investment assets allowed under the Act and this Rules
5. All members of the Board of directors shall be Filipino citizens
6. It shall have a minimum subscribed and paid-up capital of Fifty Million Pesos (P50,000,000.00)
7. All shares shall be common and voting and, in general, redeemable in accordance with the terms and conditions prescribed and disclosed in the Registration Statement
8. The original proponents of a newly formed Investment Company shall not be allowed to sell, transfer, convey, encumber or otherwise dispose of their securities within twelve (12) months from the registration of the Investment Company
9. An Investment Company shall not be required to comply with the minimum subscribed and paid-up capital relative to the increase in its authorized capital stock
A natural person of legal age duly licensed by the Commission and appointed by the Fund or the FM/MFD to solicit, sell or offer to sell the shares or units of an Investment Company to the public
An arrangement whereby funds are solicited from the investing public for the purpose of investing, reinvesting and trading in securities or other assets allowed under the IRR
Ratings assigned to any entity that measures the creditworthiness of a borrower or its capacity to fulfill its financial obligations, derived after considering all factors, and issued by a credit rating agency accredited by the Commission
An independent third party entity duly authorized or accredited by the Bangko Sentral ng Pilipinas or the Commission to engage in the business of custodial and safekeeping of investment assets
A Fund Manager who, aside from managing a Fund, also functions as a distributor of the shares or units of the Investment Company and may no longer be required to secure a separate license for the distribution of the shares or units of the Investment Company
A registered entity with an Investment Company Adviser license that is engaged in the business of managing the daily operations of an Investment Company in the investment, administration and accounting of fund assets and the monitoring of the activities of third party service providers such as custodian, transfer agent and distributors
The shareholders or unitholders of the Investment Company who executed a subscription agreement with the Investment Company or the Fund Manager to subscribe to the shares
An Investment Company Adviser licensee who regularly advises or recommends investment decisions with regard to the securities or other portfolio of the Investment Company pursuant to an advisory contract with the Investment Company
A registered open-end Investment Company that holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting and trading in securities. It is a company that pools the funds of individuals and institutional investors to form a massive asset base which is entrusted to a full-time professional Fund Manager who develops and maintains a diversified portfolio of security investments. It offers for sale or has outstanding any redeemable securities of which it is the issuer
A juridical person duly licensed or authorized by the Commission to distribute shares or units of an Investment Company as either principal distributor or sub-distributor
The aggregate value of each fund, either shares or units, as determined by the market value of its underlying securities holdings, including any cash in the portfolio less liabilities, computed at the close of the trading of securities for the day
The computed NAV on a per share basis at the close of the day. It is calculated by dividing the Investment Company's total net assets from the shares outstanding
Pools the funds of many individual and institutional investors to form a massive asset base, which are then entrusted to a full-time professional fund manager who develops and maintains a diversified portfolio of security investments
Invest primarily in bonds such as treasury notes issued by the Philippine government and commercial papers issued by reputable companies in the Philippines
Provide capital preservation while maintaining a conservative stance in terms of asset allocation
The computed NAV on a per share basis at the close of the day, calculated by dividing the Investment Company's total net assets from the shares outstanding
An exchange, government securities market or an over-the-counter market that is regulated by the relevant competent regulatory authority and where financial instruments are regularly traded, of good repute and open to the public or a substantial number of market participants
The act of providing information about a security or investment product being offered for sale with the view of making another person a client or closing or bringing in a sale or purchase of security or investment product
A juridical person duly licensed by the Commission as a transfer agent and appointed by the Investment Company, or the fund Manager, to maintain an accurate registry for recording the initial and subsequent transfer of securities
Ideal vehicles for growing money over time, can be used as a savings medium for retirement, education for a child, or building up a long-term cash fund for some specific future financial objective