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BPI European Equity Index Feeder Fund

BPI European Equity Index Feeder Fund

 

The BPI European Equity Index Feeder Fund (the “Fund”) is a Unit Investment Trust Fund (UITF) established under the authority of the Bangko Sentral ng Pilipinas (BSP).

 

Management of the Fund

Investment Manager

BPI Asset Management and Trust Group

Partner Institution

PLPI Financials and Insurance Brokers, Inc.

Custodian

Bank of New York Mellon

 

Investment Objective 

 

The Fund, operating as a Feeder Fund, intends to achieve for its Participants long-term capital growth by investing in a Target Fund that aims to provide returns in excess of the MSCI Europe Index. Pursuant to existing BSP rules and regulations, as a Feeder Fund, this Fund is mandated to invest at least 90% of its assets in a single collective investment scheme.

 

Features of the Fund

 Fund Structure:

 Unit Investment Trust Fund (UITF)

 Fund Currency:

 US Dollar

 Fund Classification:

 Equity Feeder Fund

 Target Fund:

 SPDR S&P 500 ETF Trust

 Launch Date:

 August 5, 2014

 Minimum Participation Amount:

 US$ 1,000.00

 Minimum Additional Investment:

 US$ 500.00

 Front End Fee:

 Maximum of 2% (Please See Table Below)

 Minimum Holding Period:

 None

 Minimum Redemption Amount:

 US$ 500.00

 Redemption Notice Period:

 8 Banking Days

 Trust Fee:

 0.75%

 Recommended Investment Horizon:

 More than 5 years

 Valuation of the Fund:

 Marked-to-Market

 Initial Net Asset Value Per Unit:

 US$ 10.00

 

Features of the Target Fund

Fund Currency:

US Dollar

Trustee and Custodian:

State Street Custodial Services (Ireland) Limited

Benchmark*:

MSCI Europe Index

Fund structure:

UCITS (Dublin, Ireland)

Inception Date:

March 7,2014

Name of Target Fund:

Wellington Strategic European Equity Fund

Regulator:

Central Bank of Ireland

Total Expense Ratio:

0.82%

Fund Manager:

Wellington Management International Ltd.

The Fund Performance Report and relevant information about the Wellington Strategic European Equity Fund can be viewed and downloaded through www.wellington.com

 

Front-End Load / Fee (Exclusive of EVAT)

Amount of Investment

Front-End Fee

500 - 4,999

2.00 %

5,000 - 14,999

1.75 %

15,000 - 24,999

1.50 %

25,000 - 34,999

1.25 %

35,000 - 49,999

1.00 %

50,000 - up

0.75%

 

Historical Return

 

2014

2015

2016

-5.06%

-5.47%

-5.95%

Configure



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