Highlights

• No sales charge or administrative fees
• High degree of liquidity
• Funds are not idling at any time
• Seamless payment for all investments

Money Market Fund

Phillip Money Market Fund (PMMF)

• The largest^ retail SGD Money Market Fund in the market
• No defaults amongst fixed income holding since inception (2001)
• High degree of liquidity
• Options to subscribe through Unit Trust or opt-in through Excess Funds Facility

What is Money Market Fund?

• An open-ended mutual fund that invests in short-term (less than 1-year), and low risk debt securities for liquidity.
• Investment objective is to preserve capital while providing higher yield.
• A low risk place to park your cash awaiting investment.

Phillip Money Market Fund (PMMF)aims to preserve principal value and maintain a high degree of liquidity while producing return. The Sub-Fund will invest primarily in short term, high quality money market instruments and debt securities.

Excess Funds Facility

What is Excess Funds Facility?

• Designed to allow your excess funds work harder for you while waiting for your next investment.
• Excess funds in your trading account with a minimum balance of $100 will be automatically invested into Phillip Money Market Funds, available in both SGD and USD.
• Units will be automatically redeemed from the facility for shares payment or other investment purchases.
• Fund withdrawal request to your bank account can be done online through POEMS.

How does it work?

1. Once you have opted in, excess funds in your trading account with a minimum balance of SGD100 will be automatically invested into Phillip Money Market Funds.
2. The said fund will be automatically redeemed from the facility under any of the following scenarios: (i) for shares payment or other investment purchases or transactional fees charged (ii) funds withdrawal request by account holder
3. Seamless payment for your shares trades and other investments