Redemption or Sell Order Disclaimer
These terms and conditions (these “Terms”) shall govern your Redemption and Sell Order transactions of the Products specified herein. Unless otherwise defined, capitalized terms used in these Terms shall have the meanings provided to them in GFunds Terms.
You acknowledge and agree that the GFunds Terms and the GCash App Terms are deemed incorporated herein and shall apply suppletorily insofar as they are not inconsistent with these
As used in these Terms:
Redemption refers to the transaction where you withdraw a portion or the entire value of your holdings in a Product, with the redeemed amount credited directly to your GCash wallet.
Sell Order refers to the transaction where you sell a portion or the entire value of your holdings in an in a Product, with the proceeds credited directly to your GCash wallet.
The proceeds from your Redemption or Sell Order may be lower than your initial investment depending on the current Net Asset Value Per Unit (NAVPU) of the Product, which is updated daily and subject to fluctuations. The actual proceeds credited to your GCash wallet may also differ from the amount you initially entered. This variance occurs because the NAVPU applied at the time of processing may differ from the NAVPU at the time the transaction was processed and completed. You acknowledge that any losses shall be for your sole account. GCash and Product Providers shall not be liable for any losses you will incur from your transactions.
The NAVPU or price per unit applied to all orders will be based on the price on the business day following the day your order transaction is processed and completed.
Below is the schedule of Redemption or Sell Order transactions for each fund on GFunds:
| Product/Fund |
Price Date (the date on which the NAVPU or price per unit applicable to your transaction is determined)e |
Allocation Date (the date on which the transaction is processed and completed, and the fund balance will be updated) |
Crediting Date (the date on which your Sell Order is completed and the amount is credited to your GCash wallet) |
| Philippine Stock Index Fund |
Succeeding Business Day |
3 Business Days |
6 Business Days |
| ATRAM Peso Money Market Fund |
Succeeding Business Day |
3 Business Days |
4 Business Days |
| ATRAM Total Return Peso Bond Fund |
Succeeding Business Day |
4 Business Days |
5 Business Days |
| ATRAM Philippine Equity Smart Index Fund |
Succeeding Business Day |
4 Business Days |
6 Business Days |
| ATRAM Philippine Sustainable Development and Growth Fund |
Succeeding Business Day |
4 Business Days |
6 Business Days |
| ALFM Global Multi-Asset Income Fund |
Succeeding Business Day |
4 Business Days |
8 Business Days |
| ATRAM Global Technology Feeder Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Consumer Trends Feeder Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Equity Opportunity Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Health Care Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Infra Equity Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| Manulife Global Preferred Income Feeder Fund |
Succeeding Business Day |
3 Business Days |
8 Business Days |
| Manulife Global REIT Feeder Fund |
Succeeding Business Day |
3 Business Days |
8 Business Days |
| Manulife APAC REIT Fund of Funds |
Succeeding Business Day |
3 Business Days |
8 Business Days |
| Manulife Asia Dynamic Bond Feeder Fund |
Succeeding Business Day |
3 Business Days |
8 Business Days |
**The processing period begins on the transaction date or upon order placement.
Only one Redemption or Sell Order transaction can be placed at a time for each investment fund. Your previous transaction must be processed and completed before you can create another Redemption or Sell Order transaction.
Disclaimer
While GCash and Product Providers strive to provide accurate and up-to-date information regarding the Products and related transactions, GCash and Product Providers make no representations or warranties, express or implied, as to the accuracy, completeness, or reliability of any information provided in these Terms, on the GCash platform, or otherwise in connection with your Redemption or Sell Order. Information such as NAVPU(s) or unit prices is subject to change and may vary at the time of processing. Any reliance you place on such information is at your own risk. You must verify all information independently before making and completing a transaction. To the extent allowed by applicable laws, you agree to defend, indemnify, and hold harmless GCash and the Product Providers, and their respective shareholders, directors, officers, employees, representatives, and agents, from and against any and all claims, losses, damages, liabilities, costs, or expenses, including attorney’s fees, arising directly or indirectly from your use or reliance on the provided information regarding the Products and related transactions and/or your failure to independently verify such information before completing any transaction.
Redemption or Sell Order Disclaimer
The redemption or sell order proceeds may be lower than the customer’s initial investment, depending on the current NAVPU of the fund, which is updated on a daily basis.
Moreover, the actual redemption/sell order proceeds credited to the customer’s GCash wallet may not be equal to the redemption/sell order amount entered by the customer, depending on the actual NAVPU applied.
Redemption or Sell Order Processing
Please be informed that the NAVPU or price per unit applied for all orders is the price one business day after order placement.
Please see the schedule of redemption or sell order transactions for each fund on GFunds below
| Fund |
Price Date |
Allocation Date (Order Completion) |
Crediting Date (Order Completion) |
| Philippine Stock Index Fund |
Succeeding Business Day |
3 Business Days |
6 Business Days |
| ATRAM Peso Money Market Fund |
Succeeding Business Day |
3 Business Days |
4 Business Days |
| ATRAM Total Return Peso Bond Fund |
Succeeding Business Day |
4 Business Days |
5 Business Days |
| ATRAM Philippine Equity Smart Index Fund |
Succeeding Business Day |
4 Business Days |
6 Business Days |
| ATRAM Philippine Sustainable Development and Growth Fund |
Succeeding Business Day |
4 Business Days |
6 Business Days |
| ALFM Global Multi-Asset Income Fund |
Succeeding Business Day |
4 Business Days |
8 Business Days |
| ATRAM Global Technology Feeder Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Consumer Trends Feeder Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Equity Opportunity Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Health Care Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
| ATRAM Global Infra Equity Fund |
Succeeding Business Day |
5 Business Days |
8 Business Days |
Price Date = The NAVPU or price per unit on this date will be applied for your transaction.
Allocation Date = The date your transaction will be processed and confirmed, and your balance will be updated.
Crediting Date = By this date, your sell order is completed and the amount should already be credited to your GCash wallet.
Note: The counting of processing days starts on the transaction date, or upon order placement.
Additionally, only one redemption or sell order can be placed at a time per investment fund. Should you wish to place another redemption or sell order, you must wait for your earlier placed sell order to be confirmed and allocated first.
You may enter any redemption amount as the proceeds from GFunds will not form part of your GCash wallet limits. As such, any redemption amount will be credited to your GCash wallet.
