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BPI US Equity Index Feeder Fund

BPI US Equity Index Feeder Fund

 

The BPI US 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, aims to achieve for its Participants investment returns that track the total return of the S&P 500 Index, before fees and expenses. 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 Bank & Trust Co.

Benchmark*:

S&P 500 Index

Fund structure:

ETF (NYSE)

Name of Target Fund:

SPDR S&P 500 ETF Trust

Inception Date:

January 22, 1993

Regulator:

SEC (US)

Total Expense Ratio:

0.0945%

Fund Manager:

State Street Global Advisors

The Fund Performance Report and relevant information about the SPDR S&P500 ETF Trust can be viewed and downloaded through www.spdrs.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

8.60%

-0.03%

8.93%

Configure



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