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BPI Phil Infrastructure Equity Index Fund

BPI PHILIPPINE INFRASTRUCTURE EQUITY INDEX FUND

 

The BPI Philippine Infrastructure 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 Infrastructure Equity Index by investing in a diversified portfolio of stocks in the same weights as the index, to the extent

 



Investment Policy


The Fund aims to outperform its benchmark (gross of fees) which is the BPI Philippine Infrastructure 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:


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

 

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



 


Security


Weight (in %)


1


Aboitiz Equity Ventures, Inc.


20.63


2


Philippine Long Distance Telephone Co.


17.64


3


Metro Pacific Investment Corp.


13.45


4


International Container Terminal Services, Inc.


8.27


5


Aboitiz Power Corp.


6.53


6


Manila Electric Co.


6.21


7


DMCI Holdings Inc.


5.40


8


Energy Development Corp.


5.28


9


Globe Telecom Inc.


4.90


10


Semirara Mining & Power Corp.


4.11


11


Manila Water Co. Inc.


3.66


12


First Gen Corp


2.93


13


Megawide Construction Corp.


0.99

 



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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