BDO US Equity Feeder Fund

Fund Structure

The Fund is a US Dollar-denominated global equity unit investment trust fund (UITF) structured as a feeder fund.

 

Investment Objective

The objective of the Fund is to generate long-term capital appreciation by investing in a single collective investment scheme, called the Target Fund, which is invested in a diversified portfolio of listed US companies. The Target Fund is the Wells Fargo (Lux) Worldwide Fund U.S. All Cap Growth Fund (Class I Accumulating USD Share Class).

 

Investment Policy

As a feeder fund, the Fund shall invest at least 90% of its assets in a single collective investment scheme called the Target Fund. The remaining portion of its assets (maximum of 10%) will be invested and reinvested by the Trustee, with full discretionary powers, in deposits in the Trustee’s bank or in other banks. The Fund may invest in bank deposits beyond the 10% limit during the transitory period while the Fund switches target fund.

 

The Fund’s investment in the Target Fund should not comprise more than 10% of the Target Fund’s Net Asset Value. The Target Fund must also comply with the 15% single exposure limit and must neither be structured nor similarly structured as a feeder fund or fund-of-funds.

 

Client Suitability

The Fund is suitable for individual and corporate Investors with aggressive risk appetite and who seek potentially higher returns through global stock market investments but are also aware of the possibility of capital losses that such investments may entail. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested for more than three (3) years. The Fund is not suitable for short-term investing.

 

Participation in the Fund shall be open to Filipino citizens, Philippine residents and domestic corporations with capacity to contract and who are not considered US Persons under the US securities and tax laws.

 

Prospective participants should also consult their own tax advisors as to the specific Philippine tax consequences of acquiring, holding and redeeming of any units of the Fund, as well as the consequences arising under the laws of any other taxing jurisdiction.

 

 

 

Fund Facts

Bloomberg Ticker BDOUSEF PM
Fund Type Equity Fund
Inception Date April 18, 2016
Benchmark Russell 3000 Growth Index
Initial NAVpU USD 100.00
Minimum Investment USD 500.00
Minimum Additional / Minimum Maintaining Participation USD 500.00
Minimum Holding Period None
Early Redemption Fee Not Applicable
Management Fee 1.0% p.a.
NAVpU Availability Every trading day at 4:00 p.m.
Dealing Period: Admission and Redemption Orders

Admission and Redemption orders are subject to a one (1) day advanced notice requirement ("Order Date" or T - 1).

Cut-off time for Admission and Redemption orders is up to 2:30 p.m. of any banking day. Orders placed after the cut-off time will be processed on the next banking day.

 

The Fund shall be closed for orders during Target Fund non-dealing days. Click here for details.

Valuation Date Admission and Redemption shall be based on the NAVPU computed on Valuation Date (T + 0)
Settlement Period (Funding): Admissions On Admission Order Date or one (1) day prior the Valuation Date (T - 1)
Settlement Period: Redemptions Five (5) banking days from Redemption Valuation Date (T + 5).
This is six (6) banking days after the Redemption Order Date.
External Auditor Punongbayan & Araullo

 

General Information on the Target Fund

For more information on the Target Fund, please read its Prospectus and Fund Fact Sheet available at www.wellsfargoassetmanagement.com.

Target Fund Wells Fargo (Lux) Worldwide Fund U.S. All Cap Growth Fund
(Class I Accumulating USD Share Class)
ISIN LU0353189763
Fund Structure The Target Fund is a sub-fund of Wells Fargo (Lux) Worldwide Fund (the “Company”), an umbrella fund incorporated with limited liability in the Grand Duchy of Luxembourg as a Société d'Investissement à Capital Variable under number RCS Luxembourg B 137.479. The Company is authorized by the Luxembourg supervisory authority as an undertaking for collective investment in transferable securities (UCITS) and is supervised by the Commission de Surveillance du Secteur Financier (CSSF).
Investment Objective The Target Fund seeks long-term capital appreciation.
Investment Policy The Target Fund invests at least two-thirds of its total assets in equity securities of US companies of any size, and up to 25% of its total assets in equity securities through American Depositary Receipts (ADRs), Canadian Depository Receipts (CDRs), European Depository Receipts (EDRs), Global Depository Receipts (GDRs), International Depository Receipts (IDRs) and similar depositary receipts as well as equities denominated in US Dollars issued by non-US issuers. U.S. equity securities are securities issued by companies with their principal office in the United States or exercising a predominant part of their economic activities in the United States.

The Target Fund invests principally in equity securities of U.S. companies that the Sub-Adviser believes have prospects for robust and sustainable growth of revenues and earnings. Furthermore, the Sub-Adviser may use futures, forward contracts, options or swap agreements, as well as other derivatives, for hedging or efficient portfolio management purposes.

The Sub-Adviser focuses on companies that dominate their market, are establishing new markets or are undergoing dynamic change. The Sub-Adviser believes earnings and revenue growth relative to expectations are critical factors in determining stock price movements. Thus, the Sub-Adviser's investment process is centred around finding companies with under-appreciated prospects for robust and sustainable growth in earnings and revenue. To find that growth, the Sub-Adviser uses bottom-up research, emphasizing companies whose management teams have a history of successfully executing their strategy and whose business model has sufficient profit potential. The Sub-Adviser forecasts revenue and earnings revision opportunities, along with other key financial metrics, to assess investment potential. The Sub-Adviser then combines that company-specific analysis with its assessment of secular and timeliness trends to form a buy/sell decision about a particular stock. The Sub-Adviser may invest in any sector, and at times it may emphasize one or more particular sectors. The Sub-Adviser sells a company's securities when it sees deterioration in fundamentals that causes it to become suspicious of a company's prospective growth profile or the profitability potential of its business model, as this often leads to lower valuation potential. The Sub-Adviser may also sell or trim a position when it needs to raise money to fund the purchase of a better idea or when valuation is extended beyond its expectations.

Management Company Wells Fargo Asset Management Luxembourg S.A.
Investment Adviser Wells Fargo Funds Management, LLC
Sub-Adviser Wells Capital Management Incorporated
Administrator Brown Brothers Harriman (Luxembourg) S.C.A.
Custodian Brown Brothers Harriman (Luxembourg) S.C.A.
Domicile Grand Duchy of Luxembourg
Inception Date May 2, 2008
Total Expense Ratio 1.10% p.a. (maximum)
Base Currency US Dollar