Fund Structure

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

 

Investment Objective

The Fund aims to provide long term growth by investing in a single collective investment scheme called the Target Fund, which is invested in a diversified and unconstrained portfolio of global equity assets. The Fund's Target Fund is the Standard Life Investments Global Equities Fund.

 

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

BDOGESF PM

Fund Type

Equity Fund

Inception Date

November 3, 2015

Benchmark

Morgan Stanley Capital International (MSCI) All Countries World Index (ACWI)

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

The Target Fund was switched from Standard Life Investments Global Equity Unconstrained Fund to Standard Life Investments Global Equities Fund effective 10 April 2018. For more information on the Target Fund, please read its Prospectus and Fund Fact Sheet available at www.standardlifeinvestments.com.

 

  OLD TARGET FUND

NEW TARGET FUND

(effective 10 April 2018)

Target Fund

Standard Life Investments Global Equity Unconstrained Fund (Class K Accumulation Shares)

Standard Life Investments Global Equities Fund (Class D Accumulation Shares)

ISIN

LU1558628159

LU0152742713

Fund Structure

The Target Fund is a sub-fund of the Standard Life Investments Global SICAV (“the Issuer). The Issuer of the Target Fund is an investment company with variable capital (societe d’investissement a capital variable or SICAV) and is registered in the Grand Duchy of Luxembourg pursuant to the European Communities Undertaking for Collective Investment in Transferable Securities (UCITS).

The Target Fund is a sub-fund of the Standard Life Investments Global SICAV (“the Issuer). The Issuer of the Target Fund is an investment company with variable capital (societe d’investissement a capital variable or SICAV) and is registered in the Grand Duchy of Luxembourg pursuant to the European Communities Undertaking for Collective Investment in Transferable Securities (UCITS).

Investment Objective

The Target Fund aims to provide long term growth by investing in a diversified portfolio of global equity assets.

The Target Fund aims to provide long term growth by investing in a diversified portfolio of global equity assets.

Investment Policy

In order to achieve the objective, the Target Fund will invest in equities and equity related securities of corporations registered on recognized stock exchanges. It will not be restricted by index weightings, sector constraints or company size. It will maintain a diverse asset mix at country, sector and stock level, with the regional, country and sector weightings within the portfolio being a by-product of the underlying stock exposure. The primary focus is on stock selection to try to take advantage of opportunities they have identified. The unconstrained nature of the Target Fund makes it suitable to investors who are willing to accept a relatively high degree of stock specific risk.

 

Derivatives will not be used for any purpose other than the efficient portfolio management (including hedging) of the Target Fund.

 

Any income, for example dividend income, received by the Target Fund will be reinvested.

In order to achieve the objective, the Target Fund will primarily invest in equities and equity related securities of corporations registered on recognized stock exchanges. It will maintain a diverse asset mix at country, sector and stock level, with the regional, country and sector weightings within the portfolio being a by-product of the underlying stock exposure. The primary focus is on stock selection to try to take advantage of opportunities they have identified.

 

The Target Fund may use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the Target Fund is not exposed to excessive or unintended risks.

 

Any income, for example dividend income, received by the Target Fund will be reinvested.

 

 

 

 

Management Company

Standard Life Investments  (Mutual Funds) Limited

Aberdeen Global Services S.A.*

Investment Manager

Standard Life Investments Limited

Standard Life Investments Limited

Administrator

The Bank of New York Mellon (Luxembourg) S.A.

The Bank of New York Mellon (Luxembourg) S.A.

Custodian

The Bank of New York Mellon (Luxembourg) S.A.

The Bank of New York Mellon (Luxembourg) S.A.

Domicile

Luxembourg

Luxembourg

Inception Date

February 7, 2017

October 2, 2002

Total Expense Ratio

0.72% p.a.

0.79% p.a.

Base Currency

US Dollar

US Dollar

*The appointment of the new Management Company has been approved by the regulator of the Target Fund, the Commission de Surveillance du Secteur Financier (CSSF) on 27 April 2018, and has taken effect on 1 October 2018. The reason for the change in Management Company is that the Board of Directors of the Target Fund is of the view that a dedicated management company domiciled in Luxembourg, the jurisdiction of the Target Fund, is best placed to manage the Target Fund’s current and emerging requirements in line with local industry best practice and local interpretation of governing regulations.