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BPI Phil Consumer Equity Index Fund

BPI PHILIPPINE CONSUMER EQUITY INDEX FUND

 

The BPI Philippine Consumer Equity Index 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

Hongkong and Shanghai Banking Corporation Limited

 

Investment Objective

The Fund intends to achieve for its participants investment returns that track the performance of the BPI Philippine Consumer Equity Index by investing in a diversified portfolio of stocks in the same weights as the index, to the extent practicable

 

Investment Policy

The Fund aims to outperform its benchmark (gross of fees) which is the BPI Philippine Consumer Equity Index

 

Features of the Fund

 Fund Structure:

 Unit Investment Trust Fund (UITF)

 Fund Currency:

 Philippine Peso

 Launch Date:

 January 16, 2017

 Minimum Participation Amount:

 P 10,000.00

 Minimum Additional Investment:

 P 1,000.00

 Front-End Fee:

 Maximum of 2% (Please See Table Below)

 Minimum Holding Period:

 None

 Minimum Redemption Amount:

 P 1,000.00

 Redemption Notice Period:

 4 Banking Days

 Trust Fee:

 1.5%

 Recommended Investment Horizon:

 More than 5 years

 Valuation of the Fund:

 Marked-to-Market

 Initial Net Asset Value Per Unit:

  P 100

 

A company must be a part of the Consumer Industry having at least 50% of its revenues being derived from consumer products or services, or at least 50% of the fair value of its net assets being utilized for consumer related business activities. A company must have a minimum free float of 12% and a minimum of PHP 10Billion market capitalization to be part of the index.  

 

As of December 29, 2016, the BPI Philippine Consumer Equity Index comprise of the following stocks:        

 

Security

Weight (in %)

1

SM Investments Corp

27.98

2

JG Summit Holdings Inc

15.90

3

Universal Robina Corp

12.72

4

GT Capital Holdings Inc

8.58

5

Jollibee Foods Corp

7.13

6

Alliance Global Group Inc

4.41

7

Robinsons Retail Holdings Inc

3.09

8

Puregold Price Club Inc

2.85

9

LT Group Inc

2.79

10

San Miguel Corp

2.67

11

D&L Industries Inc

2.04

12

Petron Corp

1.78

13

Bloomberry Resorts Corp

1.67

14

Emperador Inc

1.51

15

Cebu Air Inc

1.48

16

Cosco Capital Inc

1.35

17

Century Pacific Food Inc

0.96

18

Premium Leisure Corp

0.63

19

Melco Crown Philippines Resorts Corp

0.46

 

Front-End Load / Fee (Exclusive of EVAT)

Amount of Investment

Front-End Fee

 

Amount of Investment

Front-End Fee

1,000 - 99,999

2.00 %

 

500,000 - 699,999

1.25 %

100,000 - 299,999

1.75 %

 

700,000 - 999,999

1.00 %

300,000 - 499,999

1.50 %

 

1,000,000 - up

0.75%

 



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