Appointment of Deutsche Bank AG Manila as Fund Administrator

Dear Valued Clients,

We are pleased to share with you an important enhancement we are making in the management of the BPI Investment Funds. By 30 June 2025, Deutsche Bank AG Manila (“DB Manila”), a globally recognized leader in fund administration, will act as independent Fund Administrator for forty-six (46) funds under the management of BPI Wealth. Kindly refer to Annex A for the complete fund list.

This partnership underscores our unwavering commitment to providing you with superior customer value and best-in-class investment solutions. By leveraging DB Manila’s expertise, you will benefit from:

1. Enhanced Security and Risk Management: DB Manila's robust systems and global best practices will further reinforce the security and integrity of your fund assets.

2. Improved Transparency and Accuracy: As an independent fund administrator, DB Manila provides critical validation of fund valuations and transactions, bolstering transparency and accuracy, and ensuring your investments are managed with the highest standards of governance.

This move reinforces our dedication to maintaining the highest standards of fund management and ensuring your investments are managed with utmost care. We are confident that this engagement will further elevate your investment experience with BPI Wealth.

Rest assured that this transition is being managed with meticulous attention to detail, compliance to regulations, and seamless continuity of our services. Your continued investment will be deemed as your conformity with the appointment of DB Manila as the new fund administrator. If this is not the case, you may redeem your investment based on the respective funds’ redemption terms on or before 1 May 2025.

If you have any questions or concerns, please do not hesitate to send us an email at bpiwealth@bpi.com.ph or call our 24-hour BPI Contact Center at (+632) 889-10000.

Thank you for your continued trust and confidence in BPI Wealth. We remain committed to helping you achieve your financial goals.

Sincerely,

Sgd.
Maria Theresa D. Marcial
President and CEO

Disclosure:

A Unit Investment Trust Fund (UITF) is regulated by the Bangko Sentral ng Pilipinas (BSP). It is an open-end pooled trust fund operated and administered by a trust entity such as BPI Wealth – A Trust Corporation (BPI Wealth) in accordance with BSP-approved Plan Rules or Declaration of Trust. A mutual fund is an open-end investment company registered with the Securities and Exchange Commission (SEC) that pools the funds of investors to form an asset base to be invested in a diversified portfolio of security investments. The assets of a mutual fund are managed by a Fund Manager such as BPI Wealth while the securities issued by a mutual fund are distributed by a Distributor such as the BPI Investments Inc. (BII).

Due to the nature of the investments, yield and potential yields cannot be guaranteed. Any income or loss arising from market fluctuations and price volatility of securities held by a UITF or a mutual fund, even if invested in government securities and high-grade prime investment outlets, is for the account of the investor/trustor. As such, shares or units of participation of the investor/trustor in a UITF or a mutual fund, when redeemed, may be worth more or less than his/her initial participation/contribution. Historical performance, when presented, is purely for reference purposes only and is not a guarantee of future results. BPI Wealth or BII is not liable for losses, except in cases of willful default, evident bad faith, or gross negligence. Before deciding to invest, investors are advised to read the Declaration of Trust or Plan Rules of the relevant UITF or the Prospectus of the relevant mutual fund.

UITFs and mutual funds are NOT DEPOSIT products and are not insured by the Philippine Deposit Insurance Corporation (PDIC). Earnings are not assured and the principal amount invested is exposed to the risk of loss. These products cannot be sold to you unless the benefits and risks have been thoroughly explained. If you do not fully understand these products, do not purchase or invest. These products are not an obligation of nor are they guaranteed or insured by BPI Wealth, BII, and/or Bank of the Philippine Islands (BPI) or their affiliates or subsidiaries.

For inquiries and comments, visit the BPI Wealth website or call the 24-hour BPI Contact Center at (+632) 889-10000.

BPI Wealth – A Trust Corporation is regulated by the Bangko Sentral ng Pilipinas, www.bsp.gov.ph, and SEC, www.sec.gov.ph