What is FundsMart?

FundsMart is a FirstMetroSec investment funds supermarket which empowers you to invest in the country’s top peso- and dollar-denominated mutual funds and Unit Investment Trust Funds (UITFs). 



 

With FundsMart, you can easily:

Analyze, screen, and compare funds to identify which ones are suitable for you. Even better, you can simply take the client suitability assessment for automatic filtering of funds based on your risk profile
View complete fund profile to better understand specific funds. You can view fact sheet, prospectus, risk rating, fund overview, fee information, performance, top holdings, etc.
Buy and redeem funds online just like stocks. No need to open multiple investment accounts with banks or investment companies. All you need is one account with FirstMetroSec to get started.
Invest without sales load and transaction fees, as friction costs are not passed onto the investor but rather, paid by the fund.  

Note: Management fees in the Fund Profile are not charged to you.

MUTUAL FUND AND UITFS BASICS


What are mutual funds and UITFs?

 
Money from various investors are pooled together by professional fund managers to make up "baskets" of cash, bonds, stocks, and/or other investment assets. As an investor, your ownership is represented by the number of shares or units you hold in the fund. As share/unit prices (NAVPS or NAVPU) increase, so does your investment's value.

Mutual funds and UITFs are similar such that a fund manager buys and sells securities on behalf of the investors. Basic differences are as follows:.
 

 

Mutual Fund

UITF

Offered by Investment Companies Banks and Trust corporations
What you own Shares in the investment company reported in NAVPS (Net Asset Value Per share) Units of participation in the Trust Fund reported in NAVPU (Net Asset Value Per Unit)
Voting Rights Yes No
Regulated by Securities and Exchange Commission (SEC) Bangko Sentral ng Pilipinas (BSP)

 

What are the different types of mutual funds and UITFs?

 

MONEY MARKET
Safest Investment with the lowest return. 

Composition: Time deposits, treasury bills, other short-term bonds
Risk level: Low
   

BOND
Provides stability and moderate income. 

Composition: Debt instruments with fixed interest rates issued by the government or private corporations
Risk level: Low
   

BALANCED
Combines the stability of bonds and the growth of potential stocks

Composition: Government securities, corporate bonds, stocks
Risk level: Medium
   

EQUITY
Highest risk with the highest potential over the long term

Composition: PSE index, dividend yielding and/or growth stocks
Risk level: High

 

Why invest in a mutual fund or UITF?

•   You can rely on expert fund management.
•   Low minimum investment. Invest for as low as Php1,000.
•   Reduce risk through automatic diversification.
•   Always liquid. Buy or redeem anytime. 

With FundsMart, you can select from over 70+ mutual funds and UITFs to invest in from the country’s leading providers including ALFM, ATR Asset Management, Inc. (ATRAM), First Metro Asset Management Inc. (FAMI), Philam Asset Management Inc. (PAMI), PhilEquity Management Inc.(PEMI), Sun Life Asset Management Company Inc. (SLMCI), and Manulife Investment Management and Trust Corp. (MIMTC) 


Peso-denominated funds:

FUND PROVIDER FUND NAME TYPE MIN. INITIAL INVESTMENT MIN. ADDITIONAL INVESTMENT
ALFM Growth Fund
ALFM Money Market Fund
ALFM Peso Bond Fund
ALFM Peso Global Multi-Asset Income Fund
ALFM Phil. Stock Index Fund
Equity
Money Market
Bond
Balanced
Equity
5,000
5,000
5,000
5,000
5,000
1,000
1,000
1,000
1,000
1,000
ATRAM Alpha Opportunity Fund
ATRAM Corporate Bond Fund
ATRAM Unicapital Diversified Growth Fund
ATRAM Philippine Balanced Fund
ATRAM Phil. Equity Opportunity Fund
Equity
Bond
Balanced
Balanced
Equity
1,000
1,000
1,000
1,000
1,000
500
500
500
500
500
First Metro Consumer Fund
First Metro Save and Learn Balanced Fund
First Metro Save and Learn Equity Fund
First Metro Save and Learn Fixed Income
First Metro Save and Learn PH Index Fund
First Metro Save and Learn Money Market
Equity
Balanced
Equity
Bond
Equity
Money Market
5,000
5,000
5,000
5,000
5,000
5,000
1,000
1,000
1,000
1,000
1,000
1,000
Philam Bond Fund
PAMI Equity Index Fund
Philam Fund
PAMI Horizon Fund
Philam Managed Income Fund
Philam Strategic Growth Fund
Bond
Equity
Balanced
Balanced
Bond
Equity
1,000
1,000
1,000
5,000
1,000
5,000
500
500
500
1,000
500
1,000
Philequity Dividend Yield Fund
Philequity Fund
Philequity MSCI PH Index Fund, Inc.
Philequity Peso Bond Fund
Philequity PSE Index Fund
Philequity Alpha One Fund
Equity
Equity
Equity
Bond
Equity
Equity
1,000
1,000
1,000
1,000
1,000
1,000
500
500
500
500
500
500
Sun Life Prosperity Balanced Fund
Sun Life Prosperity Bond Fund
Sun Life Prosperity PH Equity Fund
Sun Life Prosperity GS Fund
Sun Life Prosperity PH Stock Index Fund
Sun Life Prosperity Money Market Fund
Sun Life Prosperity World EQ Index Feeder Fund
Balanced
Bond
Equity
Bond
Equity
Money Market
Equity
1,000
1,000
1,000
1,000
1,000
1,000
50,000
1,000
1,000
1,000
1,000
1,000
1,000
10,000
Manulife Money Market Fund
Manulife Asia Dynamic Bond Feeder Fund
Manulife Income Builder Fund
Manulife Stable Income Fund
Manulife Global Preferred Income Feeder Fund
Manulife Global Multi Asset Diversified Income Feeder Fund
Manulife American Growth Equity Feeder Fund
Manulife Asia Best Select Equity Fund
Manulife Asia Pacific REIT Fund of Funds
Manulife Dragon Growth Equity Feeder Fund
Manulife Equity Wealth Fund
Manulife Global Healthcare Equity Feeder Fund
Manulife Global REIT Feeder Fund
Manulife India Equity Feeder Fund
Money Market
Bond
Bond
Bond
Preferred Securities
Multi-asset
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
1,000
5,000
5,000
1,000
5,0000
5,0000
5,000
5,000
50,000
5,000
5,000
5,000
50,000
5,000
1,000
5,000
5,000
1,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
 

Dollar-denominated funds:

FUND PROVIDER FUND NAME TYPE MIN. INITIAL INVESTMENT MIN. ADDITIONAL INVESTMENT
ALFM Dollar Bond Fund
ALFM Global Multi-asset Income Fund
Bond
Balanced
500
100
500
20
ATRAM AsiaPlus Equity Fund
ATRAM Total Return Dollar Bond Fund
Equity
Bond
150
150
50
50
First Metro Save and Learn Dollar Bond Bond 1,000 100
PAMI Asia Balanced Fund
PAMI Global Bond Fund
Philam Dollar Bond Fund
Balanced
Bond 
Bond
200
5,000
2,000
50
1,000
100
Philequity Dollar Income Fund Bond 500 100
Sun Life Prosperity Dollar Abundance Fund
Sun Life Prosperity Dollar Advantage Fund
Sun Life Prosperity Dollar Wellspring Fund
Sun Life Prosperity World Voyager Fund
Sun Life Prosperity Dollar Starter Fund
Bond
Balanced
Balanced
Equity
Money Market
1,000
1,000
1,000
1,000
500
200
200
200
200
100
Manulife American Growth Equity Feeder Fund
Manulife Asia Best Select Equity Fund
Manulife Asia Dynamic Bond Feeder Fund
Manulife Asia Pacific REIT Fund of Funds
Manulife Dragon Growth Equity Feeder Fund
Manulife Global Healthcare Equity Feeder Fund
Manulife Global Multi Asset Diversified Income Feeder Fund
Manulife Global Preferred Income Feeder Fund
Manulife Global REIT Feeder Fund
Manulife India Equity Feeder Fund
Equity
Equity
Bond
Equity
Equity
Equity
Multi-asset
Preferred Securities
Equity
Equity
100
100
100
1,000
100
100
1,000
1,000
1,000
100
100
100
100
100
100
100
100
100
100
100

HOW TO ACCESS FUNDSMART - OPEN AN ACCOUNT

1. Log in to your FirstMetroSec account

2. Click Funds.


3. Click TAKE RISK ASSESSMENT (if you are a first-time investor) or UPDATE MY RISK PROFILE. This is required for all fund investors, as it ensures that you invest in funds that are suited to your objectives, risk profile, and investment horizon.


4. Click FundsMart to sort funds based on performance and fee structure.


5. Click on a fund to view its profile. You can view its fact sheet, prospectus, risk rating, fund overview, fee information, performance, top holdings, etc. Click SUBSCRIBE to start investing.



Daily order cut-off: 10:30 AM. Orders received after this time shall be processed on the next business day.

Redemption Settlement: Funds have different redemption schedules depending on the fund type and currency. 
 

Money Market 1 day
Bond, Balanced, and Equity 1-5 days
Dollar funds Up to 8 days

You may go to FUNDS > FUNDSMART > FEE STRUCTURE > RED STLMT to check the turnaround time for each fund.



Note that you may redeem within the holding period, but you may be subjected to an early redemption fee, which depending on the fund may range from 0.25% to 1% (+VAT) of the amount. This will be automatically deducted from your proceeds.

FAQs

Can I invest in funds if I have a joint or In-Trust-For (ITF) account?

Mutual funds are available for all account types including joint or ITF. For Manulife UITFs, only individual accounts are allowed for now.


How do I choose what type of fund to invest in?

You have to consider your (1) objective for investing, (2) investment horizon or period of time you are willing to stay invested, and (3) risk tolerance. As a general rule, higher returns would entail you taking higher risks. 


As investor, do I get to choose the stocks or bonds that I want?

No. That will be the job of the fund manager.  As investor, you get to choose the fund according to the strategy you prefer.


Are funds guaranteed and insured?

UITFs and mutual funds are not guaranteed by the investment/trust company and not insured by the PDIC.


Do funds have a maturity date?

Funds are open-ended thus, no maturity date.


How is the NAVPS/NAVPU computed?

NAVPS/NAVPU is computed as:
 
 NAVPS/NAVPU = Total Assets - Total Liabilities
                           Number of Outstanding Shares
 
Underlying securities of the fund are the assets while expenses such as management, custody, brokers’ fees, taxes, and other costs form part of the liabilities.


When I buy funds, what NAVPS/NAVPU shall apply?

For regular peso-denominated and USD-denominated funds ordered within the cut-off, the NAVPU/NAVPS on the same day will apply. For SLWEIF, the applicable NAVPS is T+2. Note that funds will be reflected in your portfolio on this ff. schedule:
 
Funds Applicable NAVPS/NAVPU Availability in the portfolio
SLWEIF T+2 T+3
ATRAM USD, PAMIABF, and all Manulife funds (except Money Market) Same day T+2
Other funds ordered within cut-off
….after  cut-off
Same day

T+1
T+1

T+2


What is Benchmark? 

This is the standard where the fund’s performance is measured, and the level of return the fund hopes to achieve. For example, an equity fund’s 1-year return is 10% versus the PSEi benchmark returning 8% within the same period. This tells the investor that the equity fund is doing 2% better, therefore, exceeding expectations.


What is the minimum amount of investment?

Minimum investment is as low as PHP1,000. 


What are the fees I have to pay?

The fees are already embedded in the NAVPS/NAVPU. The management fees you see in the Fund Profile are not charged to you directly but rather paid by the fund as whole.


Do I get voting rights for my mutual fund/UITF shares?

As a shareholder of the mutual fund, you are entitled to attend shareholder meetings and vote during elections pertaining to the management and administration of the fund.  On the other hand, UITF investors do not become shareholders of the fund, so they are not entitled to such rights. 


If the companies where the fund invests in give out dividends, do I get dividends as well?

For non-income paying funds, no. All dividends received are added to the assets of the fund, possibly increasing the NAVPS/NAVPU of your investment.

For income-paying funds or income-paying feeder funds, all dividends received from companies or the target fund where the fund invests in, clients will be given an income payout, which the client may choose to get as cash or re-invest.