INVESTMENTS WEEKLY

As of August 2, 2022

FUND PERFORMANCE NOTES FROM THE FUND MANAGER

ALFM MUTUAL FUNDS PRICE YTD Fixed Income
ALFM Money Market Fund, Inc. 132.37 0.88%
ALFM Peso Bond Fund, Inc. 374.81 0.13% Federal Reserve officials raised interest rates by 75
ALFM Dollar Bond Fund, Inc. 482.68 -1.42% basis points for the second straight month and Chair
ALFM Euro Bond Fund, Inc. 211.51 -3.86% Jerome Powell said a similar move was possible again,
ALFM Growth Fund, Inc. 201.63 -11.42% rejecting speculation that the US economy is in
Philippine Stock Index Fund Corp. 724.32 -9.99% recession. Policy makers have raised lifted the target for
Philippine Stock Index Fund Corp. (Units) 881.62 -12.15% Federal Funds Rate on July 27 to a range of 2.25% to
ALFM Global Multi-Asset Income Fund, Inc. 0.8420 -13.20% 2.50%. Week-on-week, the 10-year US Treasury yield
fell about 22 basis points to 2.54% on August 1.
ALFM Global Multi-Asset Income Fund, Inc. (PHP) 45.3558 -5.07%

PAMI MUTUAL FUNDS5 PRICE YTD The Philippine January-June budget deficit hit Php 674.2
Philam Managed Income Fund, Inc. 1.3128 -0.33% billion as spending for road and transport infrastructure
projects, military modernization efforts, and social
Philam Bond Fund, Inc. 4.2052 -4.23%
welfare programs exceeded the National Government's
Philam Dollar Bond Fund, Inc. 2.2744 -9.22%
double-digit revenue growth. However, the budget deficit
Philam Fund, Inc. 15.0343 -9.52% for the period was 5.84% lower than the Php 716.1
PAMI Horizon Fund, Inc. 3.3993 -8.43% billion deficit recorded from the year. Week-on-week,
Philam Strategic Growth Fund, Inc. 431.7100 -11.76% yields on government securities ended mixed. The yield
PAMI Equity Index Fund, Inc. 41.9508 -10.26% on the 1-year rose by about 12 basis points to close at
PAMI Global Bond Fund, Inc.* 0.9221 -9.84% 3.37%. Meanwhile, the yields on the 3- to 10-year
PAMI Asia Balanced Fund, Inc.* 0.9240 -13.60% averaged a 29-basis point decline, with the 10-year yield
falling the most at 58 basis points to close at 6.20% on
OTHER BIMI MANAGED FUNDS PRICE YTD
August 1. For this week, yields would likely remain
Ekklesia Mutual Fund Inc. 2.1868 -2.82% mixed following BSP Gov. Medalla earlier announced
Solidaritas Fund, Inc. 1.9486 -6.82% that monetary policy tightening will likely continue to
Affinity Global Multi-Asset Fund, Inc. 0.9145 -6.99% control inflation. For the fund’s strategy, we have been
*As of August 01, 2022 reinvesting maturities into 1-year T-Bills that have gone
ECONOMIC INDICATORS LEVEL up in yields. We will continue to do so to take advantage
USD/PHP 55.4350 of the higher yields.
EUR/PHP 56.7210
USDPHP fell by about 73 centavos to close at 55.365
PSEi 6,362.30
(8.58% YTD) on August 1.
Dow Jones 32,396.17
S&P 500 4,091.19 Equities
FTSE 7,409.11
US 10Yr 2.7483% The Philippine Stock Exchange (PSEi) closed at
Brent $100.54 6,362.30 (’22 est. PE of 15.53x) on August 2, up by
Dubai $99.401 2.24% week-on-week (-10.67% YTD) following the rally
Gold $1,760.39 in US markets after the Fed hiked interest rates in-line
with expectations. Week-on-week, WLCON (+14.89%)
GENERAL ANNOUNCEMENTS was the best performer as 2Q22 earnings exceeded
expectations, while MER (-9.04%) was the worst
. 2022 ALFM Investment Real Thrills – performer after JGS reduced its stake at a discounted
Instant Rewards Promo price. The average daily turnover for the week stood at
Php3.5Bn, while net foreign buying amounted to
Enjoy up to PHP 1,000 worth USD17Mn. For this week, the index could trade between
of Giftaway eGCs for every
6,200 and 6,400 levels. For the Fund's strategy, we look
PHP 500,000 investment
to maintain current levels of exposure in the equities
market amidst lack of visible catalysts in the near-term
DTI Fair Trade Permit No. FTEB-134973 but remain cognizant of how some stocks are trading at
Series of 2022. attractive valuations already.
Mutual Funds are not deposit products. Earnings are not assured and principal amount invested is exposed to risk of loss. Mutual Fund product cannot be sold to you unless its benefits and risks
have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.

Products managed by BPI Investment Management, Inc (BIMI) are not insured by the Philippine Deposit Insurance Corporation (PDIC) and are not guaranteed by BIMI.

This material, which is strictly for information purposes only, is for your sole use, does not constitute a recommendation or an offer to sell or a solicitation to buy any financial product. Any
information is subject to change without notice and BPI Investment Management Inc., ("BIMI") is not under any obligation to update or keep current the information contained herein. You are
advised to make your own independent judgment with respect to the matter contained in this document. No liability whatsoever is accepted for any loss that may arise (whether direct or
consequential) from any use of the information contained herein. Past performance is not a guarantee of future results. All BIMI Managed Funds are valued daily. BIMI, a wholly-owned subsidiary
of BPI, is the fund manager & investment advisor of the funds mentioned in this material.

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