NOTICE TO THE PARTICIPANTS OF BDO US EQUITY FEEDER FUND

Update as of 21 October 2020

 

Please be informed that the switching of the target fund will commence on 28 October 2020.

 

For clarifications, please feel free to call us at the following numbers: 8840-7000 locals 34255, 33832, 34244, 34035, 33446, 37032. You may also email us at investments@bdo.com.ph and we will be glad to assist you.

 

Thank you for your continued trust and business.
 

 

Subject: Switching of the Target Fund

21 September 2020

 

Dear Valued Investors,

 

Thank you for investing in the BDO US Equity Feeder Fund, a unit investment trust fund structured as a feeder fund that invests at least 90% of its assets in a single investment fund called the target fund.

 

In line with our continuing efforts to provide you with the best-in-class funds suitable to your needs and life goals, we wish to inform you of the switching of the target fund of the BDO USEFF from Legg Mason ClearBridge US Aggressive Growth Fund to Wells Fargo (Lux) Worldwide Fund U.S. All Cap Growth Fund. Please click this link for the comparative key features and risks of the existing and the newly approved target fund.

 

The switching of the target fund aims to maximize the long term returns of your investment exposure in a diversified portfolio of listed US companies. Please note that there is no change in the new target fund’s investment objectives vis-à-vis the existing target fund, thus, no amendment shall be done to the Fund’s Declaration of Trust. In addition, the Fund will not incur any cost as a result of the switch to the new target fund.

 

The switching of the target fund shall be conducted with due diligence and will be implemented as soon as the account opening with the new target fund is completed and they are ready to service our transactions. The final implementation date of the switch shall be announced in the BDO website.

 

We advise you to evaluate the effects of the switch to the new target fund carefully. If the Fund remains suitable to your investment profile and you are amenable to the switching of the target fund, there is no need for you to do anything. Your decision to remain invested in the Fund will be deemed as your conformity with such action. If this is not the case or you are not in conformity with the above, you may redeem your outstanding investments in the BDO USEFF before 25 October 2020. You may get in touch with your UITF servicing branch of account and/or Trust Marketing Officer 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: 8840-7000 locals 34255, 33832, 34244, 34035, 33446, 37032. You may also email us at investments@bdo.com.ph and we will be glad to assist you.

 

Thank you for your continued trust and business.

 

Sincerely,

 

BDO Unibank, Inc. – Trust and Investments Group
as Trustee of BDO US Equity Feeder Fund