In the Matter of PHILAM Bond Fund, Inc
SEC-CGFD Notice • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Mar 11, 2019
Full text
March 11, 2019 CORPORATE GOVERNANCE AND FINANCE DEPARTMENT IN THE MATTER OF PHILAM BOND FUND, INC., registrant . AMENDED REGISTRATION STATEMENT NOTICE Notice is hereby given that on December 18, 2018 an Amended Registration Statement was filed with the Securities and Exchange Commission on behalf of Philam Bond Fund, Inc. ("PBF") to reflect the following changes in its registration statement as follows: Subject Original Provision Proposed Amendments Investment Objectives The investment objective of the Fund is capital preservation with returns and inflows derived out of investments in fixed income and money market instruments. To achieve capital preservation with returns and inflows derived out of investments in fixed income and money market instrument. Portfolio Mix The Fund's fixed-income portfolio shall be invested in fixed-income instruments including but not limited to medium to long-term government securities (notes, bonds and other certificate of indebtedness issued by the Philippine Government both locally and abroad), short-term government securities, bonds or other evidences of indebtedness issued by the Philippine Government or any of its instrumentalities. Likewise, the Fund's fixed income portfolio shall be invested in SEC registered corporate debt papers subject to at least PRS2 rating by the Philippine Rating System, savings or time deposits and other deposit substitutes, preferred shares, and convertibles, the issuers of whom had been pre-approved by the Board of Directors of the Fund Management Company and transacted with commercial banks and financial institutions pre-approved by the Board of Directors of the Fund Management Company. This is a Peso-Denominated Bond Fund that invests in Fixed Income and Money Market securities. Benchmark, Investment Horizon and Risk Class None Investment Horizon: Medium Risk Class: Conservative Benchmark: 90.0% Bloomberg Philippine Sovereign Bond Index AI + 10.0% Philippines 30-day Savings Rate (Net of 20.0% WHT) The prospectus was amended to align with all other PAMI managed Funds prospectus. Other information were included to comply with the disclosure requirement of the amended ICA-IRR. Said Amended Registration Statement and other papers/documents attached thereto are open to inspection by interested parties during business hours and copies thereof, photostatic or otherwise, shall be furnished to any party upon request at such fees as the Commission may prescribe. The Amended Registration Statement dated November 29, 2018 may also be downloaded from www.philamfunds.com.ph . Issued on March 11, 2019. Signed by representative RACHEL ESTHER J. GUMTANG-REMALANTE Officer-in-Charge Published in the Manila Bulletin on December 9, 2019.
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