Home Development Mutual Fund/Pag-IBIG Fund

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    Date: 2021-09-27 17:42:41.092199

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    Date: 2021-10-18 12:06:06.107303

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Information on How Dividends are Computed

Requested from HDMF by C. Yu at 05:42 PM on Sep 27, 2021.
Purpose: To understand how PAGIBIG computes my dividends
Date of Coverage: 01/01/2018 - 12/31/2020
Tracking no: #HDMF-606777030762

Yu 05:42 PM, Sep 27, 2021

Hi,

I'm reviewing my contributions and trying to understand how the dividends are computed using PAGBIG's published divided rates. For example, dividend rates are 6.91%, 6.73%, and 5.62% for 2018, 2019, and 2020 respectively. Do you have any material (even a spreadsheet) that could simulate how I dividends for 2019 and 2020 are computed? I'm using 3 years because I read somewhere that dividends from previous years are also considered.

Please advise. Thanks!

Officer 12:06 PM, Oct 18, 2021

October 18, 2021

Dear Cristina,

Thank you for your request dated Sep 27, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Information on How Dividends are Computed.

We received your request on Sep 27, 2021 and will respond on or before Oct 18, 2021, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEUhETUYtNjA2Nzc3MDMwNzYyDA, for request with ticket number #HDMF-606777030762.

Thank you.

Respectfully,

FOI Receiving Officer
FOI Officer

Pimentel, Jr. 01:15 PM, Oct 18, 2021

18 October 2021

Dear MS. CRISTINA S. YU,

This refers to your eFOI request received on 27 September 2021 sent to the eFOI portal of the Home Development Mutual Fund (Fund) wherein you asked for any material, even a spreadsheet, that could simulate how the dividends for years 2019 and 2020 were computed.

According to you, you want to understand how dividends are computed using the Fund’s published dividend rates for the years 2018, 2019, and 2020.

In response to your request, please find attached files from our Research and Development Department, as confirmed and validated by our Finance Group, containing the simulation of dividends for years 2018, 2019, and 2020.

Thank you.

Very truly yours,


ATTY. JOSE ROBERTO F. PO
Department Manager III, Legal Department and
Deputy Compliance Officer

Attachments:
 Simulation of Dividends for the Year of 2018-2020 (2).pdf
 Simulation of Dividends for the Year of 2018-2020 (1).pdf

Yu 09:48 PM, Oct 18, 2021

Atty. Po, thank you for the spreadsheets. Unfortunately, I am still unable to reconcile the details from my VIRTUAL PAGIBIG based on them. 

FROM VIRTUAL PAGIBIG:					
					
Total Dividends -> 11,023.98 
Total Savings	-> 36,623.98 
2019 Dividends -> 1,824.64 
2020 Dividends -> 1,784.15 

I think this is most likely due to the fact that in the simulation,
1. Transaction date is fixed on 20th of each month
2. There's no angle on compounding interest

With this, can we tweak the spreadsheet based on my details?

FROM BRANCH PRINTOUT - Balance Forwarded as of 12/31/2018:					
					
Cumulative Contributions Balance -> 18,200.00 
Dividends -> 	4,090.12 
Cumulative Dividends Balance	-> 4,090.12 
Cumulative Balance -> 22,290.12 

CONTRIBUTIONS:

01/10/2019	200.00 
02/07/2019	400.00 
03/06/2019	200.00 
04/12/2019	200.00 
05/07/2019	200.00 
06/07/2019	200.00 
07/09/2019	200.00 
08/08/2019	200.00 
09/09/2019	200.00 
10/09/2019	200.00 
11/07/2019	200.00 
12/09/2019	200.00 
01/10/2020	200.00 
02/10/2020	1,000.00 
07/10/2020	1,200.00 

Thank you again.

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