NOTICE TO THE PARTICIPANTS OF BDO GLOBAL FEEDER FUNDS

April 1, 2022

 

Subject: Partial Redemptions allowed for BDO TIG-managed accounts

 

Dear Valued Client,

 

We wish to inform you that the BDO Trust Committee, in a meeting held on March 28, 2022 approved the amendments to the Plan Rules of seven (7) BDO Global Feeder Funds (the “Funds”) to allow partial redemptions in a single COP (Confirmation of Participation) of these funds held by managed accounts of BDO Trust and Investments Group (BDO TIG). The amendments on the Funds enumerated below is effective May 19, 2022.  Please note that this partial redemption feature is still not be available to branch and Invest Online clients.

 

 

Fund Name

 

from

to

1. BDO China Equity Feeder Fund

Partial Redemption – There shall be no partial redemption of participations appearing in one (1) Confirmation of Participation, except for redemptions under the Easy Redemption Plan.

Partial Redemption – There shall be no partial redemption of participations appearing in one (1) Confirmation of Participation, except for redemptions under the Easy Redemption Plan and for participations by investment management and trust and other fiduciary accounts managed by the Trustee.  When the latter redeems a portion of their participation covered by a Confirmation of Participation (COP), no new COP will be issued.  Instead, the partial redemption and the outstanding units of participation of a participant shall be reflected in a separate statement of account.

2. BDO Developed Markets Property Index Feeder Fund

3. BDO Europe Equity Feeder Fund

4. BDO Global EM Equity Index Feeder Fund

5. BDO Global Equity Index Feeder Fund

6. BDO US Equity Feeder Fund

7. BDO Japan Equity Index Feeder Fund

 

 

Please note that this amendment 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 carefully evaluate the foregoing. If the Fund/s remain/s 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 above amendment, you may get in touch with your Trust Marketing Officer and/or UITF servicing branch on or before May 18, 2022 to discuss other BDO UITFs/investment products that may better match your requirements.

 

For clarifications, please feel free to call us at (02) 8631-8000 during banking hours or email us at trustcustomercare@bdo.com.ph.

 

Thank you for your continued trust and business.

 

Sincerely,

 

BDO Unibank, Inc.-Trust and Investments Group

As Trustee of BDO Global Feeder Funds