The Manulife Global Preferred Income Feeder Fund lets you invest in global preferred securities, a hybrid of stocks and bonds, using Philippine pesos, aiming for regular income and long-term growth. Here's what it holds, who it suits, and how to invest through DragonFi.
It's a multi-asset UITF structured as a feeder fund, which means it channels almost all of your money into a single larger global fund. It focuses on preferred securities, a type of investment that blends features of both stocks and bonds, aiming to provide regular income along with some long-term capital growth. It is managed by Manulife.
What does it invest in?
Through its target fund, it invests at least 70% of its assets in preferred securities, including preferred shares and subordinated debt, listed or traded in regulated markets around the world. Preferred securities are a hybrid: like bonds, they tend to pay steady income, and like stocks, their value can move with the market. This blend is what gives the fund its multi-asset character.
What's the target fund?
Substantially all of the fund's assets are invested in the Manulife Global Fund, Preferred Securities Income Fund, managed by Manulife Investment Management. This gives you access to a globally diversified portfolio of income-generating preferred securities through a single peso investment.
Who is this fund for?
This fund may suit you if you:
- Want regular income from your investment, with some growth potential
- Are interested in an asset type that sits between stocks and bonds
- Are comfortable with the ups and downs that come with global markets
- Are investing for the long term, ideally five years or more
- Want global diversification using pesos, with no dollar account needed
What's the risk level?
This is an aggressive-risk fund. Preferred securities can offer attractive income, but their value can move with both interest rates and stock-market sentiment. Because the underlying investments are in foreign currencies, exchange rate movements can also affect your returns. Returns are not guaranteed.
Can I hold this in a PERA or Regular account?
This fund is available through a Regular DragonFi account. It is not one of DragonFi's PERA-eligible funds.
What are the fees?
Like all UITFs, this fund charges a 1.75% per annum trust fee, already deducted from the fund before the daily price is calculated, so you don't pay it separately. Because it's a feeder fund, you also indirectly shoulder the small expenses of the underlying target fund. Fees can change over time, so for the exact current trust fee, check this fund's page in the DragonFi app.
What's the minimum investment?
You can start investing in this fund for as low as ₱1,000 on DragonFi, and you can add to it any time.
How do I invest in or add to this fund?
You can invest in or top up this fund directly in the DragonFi app in a few taps. For the full steps, the daily cut-off time, and how your buy-in price (NAVPU) is set, see the "How to invest in a fund" article by DragonFi. One thing to know about feeder funds: because the target fund is based overseas, your order may be priced with a slight delay compared with local funds.
How do I sell or redeem it?
You can redeem some or all of your investment in the app whenever you like, with no fixed lock-in period. Because this is a feeder fund, proceeds usually take a little longer to arrive than they would for a local fund. For details, see the "How to sell or redeem a fund" article by DragonFi.
How long does it take to receive the money after I sell?
It takes 6 to 7 business days for the money to be credited to your account after selling the fund since the money comes from the overseas target fund.
Where do I see the current NAVPU and returns?
The live price (NAVPU) and the latest returns are always shown on this fund's page in the DragonFi app. We don't list those figures here because they change every day, so the app is your most up-to-date source.
Good to know
- Built to pay income. This is an income-paying fund, designed to provide regular payouts from the income its preferred securities generate.
- A hybrid asset. Preferred securities behave partly like bonds and partly like stocks, which is why this fund is grouped under multi-asset.
- Pays income monthly. This fund aims to distribute income every month. Based on its recent schedule, the income is set around the 9th to 14th of each month and paid out roughly a week to eight business days later, typically in the second half of the month. Payouts are not guaranteed and the amount varies with the fund's income. For how distributions reach you on DragonFi, and whether they're paid in cash or reinvested, check the fund's page in the app.
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Currency moves matter. Because the underlying investments are in foreign currencies, exchange rates can affect your returns.
Access the fund page here:
Manulife Global Preferred Income Feeder Fund | DragonFi
This fund is not a deposit and is not insured by the Philippine Deposit Insurance Corporation (PDIC). Returns are not guaranteed. The fund's price (NAVPU) can rise and fall, so you may get back less than you invested, and past performance is not indicative of future results.