NOTICE TO THE PARTICIPANTS OF BDO GLOBAL FEEDER FUNDS

July 1, 2021

 

Change in Benchmark of BDO Global Feeder Funds

 

Dear Valued Investors, 

 

We wish to inform you that the BDO Trust Committee, on its meeting held on May 29, 2021, has approved the change in benchmark of the following BDO Global Feeder Funds (the “Funds”) and this shall take effect on August 2, 2021:

 

Fund Name

Change in Benchmark

from

to

1. BDO China Equity Feeder Fund

Blend of the CSI300 Index for the China A Shares and the MSCI China for the non-China A shares

“The benchmark of the Fund shall be the same as the benchmark of the Target Fund. The benchmark shall be disclosed in the Fund’s Key Information and Investment Disclosure Statement (KIIDS).”

2. BDO Developed Markets Property Index Feeder Fund

FTSE EPRA/NAREIT Developed Markets Index

3. BDO Europe Equity Feeder Fund

MSCI Europe Index

4. BDO Global EM Equity Index Feeder Fund

MSCI Emerging Markets Index

5. BDO Global Equity Index Feeder Fund

MSCI World Index

6. BDO US Equity Feeder Fund

Russell 3000 Growth Index

7. BDO Japan Equity Index Feeder Fund

JPX-Nikkei Index 400

 

The above change in benchmark aims to ensure the Fund's consistency to its target fund’s benchmark (please refer to Annex A for the current target fund’s benchmark).  Please note that the benchmark is a measure that is used to compare the performance of the UITF. As such, this change in benchmark poses no effect on the investment strategy of the Fund/s nor on the market value of your investments in the Fund/s. The Fund/s will continue to be managed in the same way as it is presently being managed, in line with the Fund’s investment objective and policies.

 

We advise you to evaluate this change carefully. If the Fund/s remains suitable to your investment profile, there is no need for you to do anything. Your decision to remain invested in the Fund/s will be deemed as your conformity with the amendment. If this is not the case or you are not in conformity with the amendment, you may get in touch with your Trust Marketing Officer and/or UITF servicing branch on or before July 30, 2021 to discuss other BDO UITFs/investment products that may better match your requirements.

 

For clarifications, please feel free to call us at the following numbers: (02) 8840-7000 locals 34255 / 37026. You may also send us an email at BDOInvest@bdo.com.ph with the subject line: Change in Benchmark and we will be glad to assist you.

 

Thank you for your continued trust.

 

BDO Unibank, Inc. – Trust and Investments Group

As Trustee of BDO Global Feeder Funds

 
 
 

Annex A

 

Target Fund and Benchmark of BDO Global Feeder Funds

Fund Name Target Fund

Current Target Fund’s

Benchmark*

1. BDO China Equity Feeder Fund

BlackRock Global Funds (BGF) China Fund (D2 USD Share Class)

MSCI EM China 10/40

Net Total Return Index

2. BDO Developed Markets Property Index Feeder Fund

BlackRock iShares Developed Markets Property Yield UCITS ETF

FTSE EPRA/NAREIT Developed Dividend+ Index

3. BDO Europe Equity Feeder Fund

BlackRock Global Funds (BGF) European Focus Fund

(Class D2 USD Share Class)

MSCI Europe Index

(Net Total Return USD)

4. BDO Global EM Equity Index Feeder Fund

BlackRock Global Index Funds (BGIF) iShares Emerging Markets Equity Index Fund (D2 USD Share Class)

MSCI EM (Emerging Markets)

Net (custom 4pm LUX)

5 .BDO Global Equity Index Feeder Fund

BlackRock Global Index Funds (BGIF) iShares World Equity Index Fund (D2 USD Share Class)

MSCI World

Net (custom 4pm LUX)

6. BDO US Equity Feeder Fund

Wells Fargo (Lux) Worldwide Fund U.S. All Cap Growth Fund (Class I Accumulating USD Share Class)

Russell 3000® Growth Index

7. BDO Japan Equity Index Feeder Fund

NEXT Funds JPX-Nikkei Index 400 ETF

JPX-Nikkei Index 400

* Effective August 2, 2021, the benchmark of BDO Global Feeder Funds shall be the same as the benchmark of their respective target funds.