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 Legg Mason ClearBridge US Aggressive Growth Fund (Class X 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 not have any investment exposure in other collective investment schemes.

 

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 2,000.00
Minimum Additional USD 2,000.00
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 4:00 p.m. of any banking day. Orders placed after the cut-off time will be processed on the next banking day.

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.leggmason.com.sg.

Target Fund Legg Mason ClearBridge US Aggressive Growth Fund
ISIN IE00B19Z9X81
Fund Structure The Target Fund is a sub-fund of the Legg Mason Global Funds Plc (the “Company”). The Company is an open-ended investment company with variable capital organized under the laws of Ireland as a public limited company pursuant to the Companies Acts and Undertaking for Collective Investment in Transferable Securities (UCITS) Regulations. It was incorporated on 13 January 1998 under registration number 278601.
Investment Objective The Target Fund seeks to generate long-term capital appreciation by investing in the securities of U.S. companies of any market capitalization that the Sub-Investment Manager believes are experiencing, or have potential to experience, above-average growth of earnings and/or cash flow.
Investment Policy In order to achieve the objective, the Target Fund primarily invests in common stocks of US Companies which are listed or traded on Regulated Markets in the United States and that the Sub-Investment Manager believes are experiencing, or have potential to experience, growth or earnings and/or cash flow that exceed the average earnings and/or cash flow growth rate of companies having securities included in the Standard & Poor’s Daily Price Index of 500 Common Stocks. (the “S&P 500 Index”).

The Sub-Investment Manager focuses its stock selection for the Fund on the diversified group of emerging growth companies that may have passed their “start-up” phase and show positive earnings and the prospect of achieving significant profit gains in the two to three years after the Target Fund acquires their stocks. These companies generally may be affected by changes in management, capitalization or asset deployment, government regulations or other external circumstances.

Issuing Company Legg Mason Global Funds Plc
Investment Manager Legg Mason Investments (Europe) limited
Sub-Investment Manager ClearBridge Investments, LLC
Administrator BNY Mellon Investment Servicing (International) Limited
Custodian BNY Mellon Trust Company (Ireland) Limited
Domicile Ireland
Inception Date May 25, 2000
Total Expense Ratio 0.65% p.a.
Base Currency US Dollar