- Issuer: CLIMBS Share Capital Equity Investment Fund Corporation
- Type: Open-end investment company (diversified)
- Incorporated: November 2, 2015, SEC Reg. No. CS201521954
- Shares Offered: 1,144,731,000 common shares, par value Php0.01/share
- Base Currency: Philippine Peso
- Max 15% of NAV in any single enterprise (except Philippine government obligations); max 10% ownership of any one investee company
- No short selling, margin purchases, commodity futures, precious metals, or unlimited-liability investments
- Borrowing requires 300% asset coverage
- No underwriting/selling group participation (except own stock)
- No real estate investments
- No investing to gain control/management of another company
- No investing in other investment companies
- No self-dealing with officers/directors
- Total operating expenses capped at 10% of average net worth
- Board approval required to change investment objective
- Market Risk — equity price fluctuations from earnings, rates, currency, management, production, capitalization changes
- Liquidity Risk — possible absence of buyers for holdings, or insufficient liquid funds for redemptions (mitigated by 5% liquid-asset requirement)
- Dilution/Price Risk — new investor subscriptions can dilute existing holders; heavy redemptions may force asset sales at unfavorable prices
- Chairman/CEO: Rev. Elmo P. Manching
- President & COO: Doris B. Calapiz
- Directors: Eric F. Dizon, Garibaldi O. Leonardo, Teodoro A. Balanay Jr., Roberto C. Mascariña, Ma. Theresa G. Drueco
- Independent Directors: Wilhelmino R. Mendoza, Jose Romeo B. Ebron
- Treasurer: Lillian D. Silubrico
- Compliance Officer: Aldren S. Masas
- Corporate Secretary: Atty. Antonio Manuel A. Alcantara
- Custodian Bank & Stock Transfer Agent: BDO Unibank, Inc.
- Legal Counsel: Atty. Fe V. Puyos
- External Auditor: SGV & Co.Independent Directors: Wilhelmino R. Mendoza, Jose Romeo B. Ebron
- Custodian Bank & Stock Transfer Agent: BDO Unibank, Inc.
- Legal Counsel: Atty. Fe V. Puyos
- External Auditor: SGV & Co.Independent Directors: Wilhelmino R. Mendoza, Jose Romeo B. Ebron
- Redemption right, right of accumulation (aggregated investments determine sales-fee tier), waiver of pre-emptive rights, transfer restrictions (to preserve Filipino ownership requirements), dividend rights as described above.
Medium-to-long-term capital growth via Philippine equities, using the “Index Plus” strategy: majority in PSEi component stocks, smaller allocation to select non-PSEi stocks, at least 5% in short-term fixed income for liquidity. Mining companies were excluded from investible assets by Board decision.
No material pending legal proceedings involving the Fund, its directors, or affiliates. Fund not under bankruptcy/receivership.
Organized under R.A. 2629 (Investment Company Act of 1960). Minimum subscribed/paid-in capital: Php286,182,750. All directors are Filipino citizens; shares are common/voting only.
Medium-to-long-term capital growth via Philippine equities, using the “Index Plus” strategy: majority in PSEi component stocks, smaller allocation to select non-PSEi stocks, at least 5% in short-term fixed income for liquidity. Mining companies were excluded from investible assets by Board decision.
CLIMBS Share Capital Equity Investment Fund Corporation
Open-end Investment CompanyOpen-end Investment Company
1,144,731,000 common stock
One Centavo (Php0.01) per shares
Philippine Peso (Php)
At net asset value per share computed at the end of the business day, if payment is made with the daily cut-off time, plus the sales fee and
applicable VAT on the sales fee
The fee and applicable VAT, computed on investment cost that is charged investors for the purchase of the Fund’s shares. All sales fees and
VAT on the sales fees are deducted from investment amounts. Sales fees shall be applied according to the following schedule:
|
Investment Size |
Inclusive Sales Fee and Applicable VAT |
|
₱ 300 – ₱ 99,999 |
2.00% |
|
₱ 100,000 -₱ 199,999 |
1.75% |
|
₱ 200,000- ₱ 299,999 |
1.50% |
|
₱ 300,000 – ₱ 399,999 |
1.00% |
12 noon on any business day
