UnionBank of the Philippines - UnionBank Tax Exempt Portfolio

UnionBank Tax Exempt Portfolio

UnionBank Tax Exempt Portfolio is a peso-denominated unit investment trust fund designed to maximize the returns of participating qualified tax-exempt institutions consistent with the prudent investment management principles and the preservation of capital by investing in a variety of primarily Philippine peso denominated investment-grade debt securities.

Launch Date:	October 1, 2007
Currency of Participation:	Philippine Peso
Minimum Investment:	PHP100, 000
Return Objective:	To maximize returns of qualified tax-exempt institutions consistent with the prudent investment management principles and the preservation of capital by investing in a variety of primarily Philippine peso denominated investment-grade debt securities
Risk Parameters:	1. Credit Risk – LOW - Limited to Philippine government securities and investment-grade instruments 2. Market Risk – LOW - Modified Duration limit: 7 years Modified Duration - is the percentage price change of a fixed income instrument for a given change in the level of interest rates. Duration of 1 means that the price of a fixed income instrument is expected to change by 1% for every 100 basis point (1%) shift in the level of interest rates. The higher the duration of an instrument, the higher its risk (all other factors kept equal). Interest rates have an inverse relationship with fixed income prices so that an increase in interest rates generally leads to a decrease in fixed income prices and vise versa.
Liquidity:	To ensure adequate liquidity to meet daily fund withdrawals, at least 5% of investments will be in highly liquid instruments
Initial NAV per Unit:	PHP 100.00
Time Horizon:	Designed for investors with a long-term investment horizon - No minimum holding period - No early redemption fee
Regulatory:	Subject to Bangko Sentral ng Pilipinas regulations governing the creation, administration and investments of Unit Investment Trust Funds as outlined in BSP Circular 447 Series of 2004 and Section UX410 of the Manual of Regulations for Banks.
Tax:	Not Applicable
Acceptance & Withdrawal Procedure:	Investments into the fund may be accepted on any banking day, at the prevailing NAV per unit. All investments and withdrawals should be processed before 2:30 PM. Withdrawals will be funded one (1) banking day after the date of transaction.
Trust Fee:	0.25 % p.a. based on the total market value of the fund.

Account Opening Procedures
Accounts may be opened at any UnionBank branch
Only cleared funds from an UnionBank savings account are acceptable for investment
Investments and withdrawals may be made at any UnionBank branch

All Unit Investment Trust Funds (UITFs) are regulated by the Bangko Sentral ng Pilipinas. UITF investments are not insured with the PDIC and do not carry a guaranteed rate of return. Past performance is not necessarily a guide to future performance. Gains and losses are solely for the account of the investor. A copy of the BSP-approved UITF Plan is available for inspection by any UITF investor.

Date	NavPu	YTD	YOY
10/18/2018	187.264880	-0.38%	-1.00%
10/17/2018	187.131188	-0.46%	-0.76%
10/16/2018	186.885192	-0.59%	-1.29%
10/15/2018	187.095194	-0.48%	-1.15%
10/12/2018	187.547288	-0.23%	-0.52%
10/11/2018	187.653060	-0.18%	-0.55%
10/10/2018	187.725762	-0.14%	-0.21%
10/09/2018	188.086672	0.05%	-0.08%
10/08/2018	188.425875	0.23%	0.25%
10/05/2018	188.415156	0.23%	-0.24%
10/04/2018	188.317422	0.17%	-0.27%
10/03/2018	187.954032	-0.02%	-0.04%
10/02/2018	188.065834	0.04%	0.01%
10/01/2018	188.461191	0.25%	-0.09%
09/28/2018	188.825698	0.45%	0.33%
09/27/2018	188.496453	0.27%	-0.30%
09/26/2018	188.304002	0.17%	-0.28%
09/25/2018	188.783105	0.42%	0.59%
09/24/2018	188.767042	0.41%	0.25%
09/21/2018	188.680876	0.37%	0.74%
09/20/2018	188.567226	0.31%	0.54%
09/19/2018	188.638400	0.35%	0.19%
09/18/2018	188.871102	0.47%	0.94%
09/17/2018	189.083786	0.58%	0.60%
09/14/2018	188.923022	0.50%	0.58%
09/13/2018	188.970776	0.52%	0.12%
09/12/2018	189.103274	0.59%	0.18%
09/11/2018	189.046631	0.56%	0.22%
09/10/2018	189.042569	0.56%	0.16%
09/07/2018	189.265838	0.68%	0.43%
09/06/2018	189.586666	0.85%	0.66%
09/05/2018	189.694465	0.91%	0.77%
09/04/2018	189.973857	1.06%	1.00%
09/03/2018	189.948165	1.04%	1.18%
08/31/2018	190.455989	1.31%	1.45%
08/30/2018	190.617202	1.40%	1.96%
08/29/2018	190.569819	1.37%	1.57%
08/28/2018	190.644146	1.41%	1.68%
08/24/2018	190.651572	1.42%	1.86%
08/23/2018	190.407826	1.29%	1.70%
08/22/2018	190.400058	1.28%	1.78%
08/20/2018	190.316388	1.24%	2.03%
08/17/2018	190.150165	1.15%	1.83%
08/16/2018	189.777444	0.95%	2.05%
08/15/2018	189.790599	0.96%	1.71%
08/14/2018	189.831018	0.98%	1.64%
08/13/2018	189.860810	1.00%	1.71%
08/10/2018	189.803306	0.97%	2.01%
08/09/2018	189.907896	1.02%	1.80%
08/08/2018	189.835524	0.98%	1.91%
08/07/2018	189.370773	0.74%	1.47%
08/06/2018	189.496926	0.80%	1.52%
08/03/2018	189.462136	0.78%	1.55%
08/02/2018	189.543602	0.83%	1.83%
08/01/2018	189.902934	1.02%	1.74%
07/31/2018	189.962010	1.05%	1.78%
07/30/2018	189.186585	0.64%	1.53%
07/27/2018	189.887765	1.01%	1.86%
07/26/2018	189.856638	0.99%	2.11%
07/25/2018	189.890309	1.01%	2.16%
07/24/2018	190.080690	1.11%	2.44%
07/23/2018	189.988167	1.06%	2.26%
07/20/2018	190.071117	1.11%	2.31%
07/19/2018	190.074196	1.11%	2.60%
07/18/2018	190.037864	1.09%	2.64%
07/17/2018	189.836875	0.98%	2.42%
07/16/2018	189.618973	0.87%	2.35%
07/13/2018	189.597616	0.86%	2.35%
07/12/2018	189.694703	0.91%	2.46%
07/11/2018	189.487842	0.80%	2.34%
07/10/2018	189.590672	0.85%	2.52%
07/09/2018	189.491115	0.80%	2.47%
07/06/2018	189.494172	0.80%	2.42%
07/05/2018	189.500828	0.80%	2.28%
07/04/2018	189.522419	0.82%	2.43%
07/03/2018	189.148099	0.62%	2.30%
07/02/2018	189.465919	0.79%	2.16%
06/29/2018	189.329035	0.71%	2.05%
06/28/2018	188.981945	0.53%	1.81%
06/27/2018	188.988100	0.53%	1.79%
06/26/2018	189.203059	0.65%	1.97%
06/25/2018	189.069613	0.58%	1.90%
06/22/2018	189.034362	0.56%	1.91%
06/21/2018	188.920845	0.50%	1.83%
06/20/2018	188.965638	0.52%	1.93%
06/19/2018	189.090192	0.59%	2.10%
06/18/2018	189.224902	0.66%	2.01%
06/14/2018	189.048976	0.56%	2.04%
06/13/2018	189.366232	0.73%	2.28%
06/11/2018	189.347864	0.72%	2.27%
06/08/2018	189.245715	0.67%	2.12%
06/07/2018	189.327268	0.71%	2.10%
06/06/2018	189.448504	0.78%	2.69%
06/05/2018	189.539506	0.83%	2.51%
06/04/2018	189.720788	0.92%	3.10%
06/01/2018	189.886943	1.01%	3.08%
05/31/2018	189.711839	0.92%	2.97%
05/30/2018	189.589668	0.85%	2.76%
05/29/2018	189.523218	0.82%	2.73%
05/28/2018	189.805553	0.97%	3.18%
05/25/2018	189.748365	0.94%	3.14%
05/24/2018	189.529976	0.82%	3.10%
05/23/2018	189.363091	0.73%	2.71%
05/22/2018	188.813935	0.44%	2.54%
05/21/2018	188.753998	0.41%	2.95%
05/18/2018	188.665717	0.36%	2.95%
05/17/2018	188.732343	0.40%	3.03%
05/16/2018	188.717955	0.39%	3.06%
05/15/2018	189.288214	0.69%	3.25%
05/11/2018	189.067049	0.57%	3.03%
05/10/2018	188.967608	0.52%	2.90%
05/09/2018	189.265305	0.68%	3.14%
05/08/2018	189.083133	0.58%	3.28%
05/07/2018	189.193794	0.64%	3.05%
05/04/2018	189.146919	0.62%	3.43%
05/03/2018	189.114292	0.60%	3.54%
05/02/2018	189.395361	0.75%	3.59%
04/30/2018	189.520041	0.81%	3.48%
04/27/2018	189.494863	0.80%	3.47%
04/26/2018	188.986490	0.53%	3.52%
04/25/2018	188.569313	0.31%	3.27%
04/24/2018	188.706240	0.38%	3.10%
04/23/2018	188.660914	0.36%	3.08%
04/20/2018	188.912369	0.49%	3.16%
04/19/2018	188.844208	0.46%	3.11%
04/18/2018	189.105656	0.59%	3.67%
04/17/2018	188.975480	0.52%	3.64%
04/16/2018	189.286965	0.69%	3.83%
04/13/2018	189.262263	0.68%	3.82%
04/12/2018	189.119502	0.60%	3.74%
04/11/2018	189.001876	0.54%	3.28%
04/10/2018	189.106750	0.59%	3.43%
04/06/2018	188.969363	0.52%	3.34%
04/05/2018	188.905930	0.49%	3.29%
04/04/2018	188.835327	0.45%	3.47%
04/03/2018	188.662703	0.36%	3.16%
04/02/2018	188.911874	0.49%	3.28%
03/28/2018	188.652251	0.35%	2.99%
03/27/2018	188.233240	0.13%	2.98%
03/26/2018	188.134695	0.08%	2.64%
03/23/2018	188.203652	0.11%	2.72%
03/22/2018	188.141185	0.08%	2.79%
03/21/2018	187.954146	-0.02%	2.48%
03/20/2018	187.853325	-0.07%	2.46%
03/19/2018	188.117356	0.07%	2.64%
03/16/2018	188.112480	0.07%	2.58%
03/15/2018	188.142187	0.08%	3.14%
03/14/2018	188.149076	0.09%	3.16%
03/13/2018	188.170694	0.10%	2.83%
03/12/2018	187.717767	-0.14%	2.56%
03/09/2018	187.650014	-0.18%	2.83%
03/08/2018	187.595146	-0.21%	2.30%
03/07/2018	187.620250	-0.20%	2.00%
03/06/2018	188.494676	0.27%	2.49%
03/05/2018	188.444801	0.24%	2.42%
03/02/2018	188.135970	0.08%	2.16%
03/01/2018	188.191537	0.11%	2.45%
02/28/2018	188.277426	0.15%	2.02%
02/27/2018	188.618916	0.34%	2.67%
02/26/2018	188.639104	0.35%	2.38%
02/23/2018	188.577227	0.31%	2.38%
02/22/2018	188.573946	0.31%	2.42%
02/21/2018	188.668602	0.36%	2.63%
02/20/2018	188.730918	0.39%	2.49%
02/19/2018	188.753871	0.41%	2.60%
02/15/2018	188.787096	0.42%	2.51%
02/14/2018	188.504895	0.27%	2.26%
02/13/2018	188.322656	0.18%	2.15%
02/12/2018	188.534014	0.29%	2.85%
02/09/2018	188.534874	0.29%	2.25%
02/08/2018	188.742354	0.40%	3.10%
02/07/2018	188.797884	0.43%	3.15%
02/06/2018	188.831181	0.45%	3.19%
02/05/2018	189.082924	0.58%	2.67%
02/02/2018	188.995579	0.54%	2.58%
02/01/2018	189.156864	0.62%	2.70%
01/31/2018	188.801184	0.43%	2.58%
01/30/2018	188.362857	0.20%	2.29%
01/29/2018	188.370271	0.20%	2.42%
01/26/2018	188.373312	0.20%	2.50%
01/25/2018	188.174248	0.10%	2.28%
01/24/2018	188.072590	0.04%	3.66%
01/23/2018	188.600461	0.33%	3.88%
01/22/2018	188.385364	0.21%	3.59%
01/19/2018	188.593574	0.32%	3.82%
01/18/2018	188.223386	0.12%	2.21%
01/17/2018	188.196266	0.11%	3.56%
01/16/2018	188.381740	0.21%	3.55%
01/15/2018	188.269335	0.15%	3.46%
01/12/2018	188.198971	0.11%	2.52%
01/11/2018	188.118872	0.07%	2.46%
01/10/2018	188.100325	0.06%	3.59%
01/09/2018	187.764381	-0.12%	3.48%
01/08/2018	187.830226	-0.08%	2.27%
01/05/2018	188.262148	0.15%	2.65%
01/04/2018	188.142345	0.08%	3.21%
01/03/2018	188.217765	0.12%	4.57%
12/29/2017	187.988581	3.35%	3.36%
12/28/2017	188.264393	3.50%	4.62%
12/27/2017	188.072143	3.39%	4.31%

Bond	NavPu	YTD	YOY
UnionBank Philippine Peso Fixed Income Portfolio (10/18/2018)	244.047898	-3.59%	-4.54%
Unionbank Dollar Bond Fund Portfolio (10/18/2018)	2.078555	-2.22%	-1.95%
Unionbank Peso Balanced Portfolio (10/18/2018)	123.556106	-10.46%	-9.98%
UnionBank Large Capitalization Philippine Equity Portfolio (10/18/2018)	561.594051	-17.06%	-15.78%
UnionBank Peso Short Term Fixed Income Portfolio (10/18/2018)	135.475327	0.55%	0.56%
UnionBank Long Term Fixed Income Portfolio (10/18/2018)	126.678684	-5.51%	-7.01%
UnionBank Intermediate Term Fixed Income Portfolio (10/18/2018)	158.173578	0.35%	-0.68%
UnionBank Infinity Prime Portfolio (10/18/2018)	151.105913	-2.00%	-3.11%
UnionBank Tax Exempt Portfolio (10/18/2018)	187.264880	-0.38%	-1.00%
UnionBank Dividend Play Equity Portfolio (10/18/2018)	96.898005	-15.87%	-14.45%
UnionBank Philippine Equity Index Fund Portfolio (10/18/2018)	104.226323	-15.79%	-14.71%
UnionBank High Net Worth Medium-Term Peso Fixed Income Portfolio (10/18/2018)	96.467842	-2.93%	-3.69%
UnionBank High Net Worth Intermediate-Term Peso Fixed Income Portfolio (10/18/2018)	97.943896	-1.60%	-2.36%
USD UnionBank Capital Accumulation Global Fund of Funds Portfolio (10/16/2018)	98.678474	-4.18%	-3.11%
PHP UnionBank Capital Accumulation Global Fund of Funds Portfolio (10/16/2018)	98.206706	%	%

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