BPI Wealth – A Trust Corporation (“BPI Wealth”) regularly conducts a review of the funds it manages and distributes to ensure we continue to offer differentiated, high-quality investment solutions, and a simpler investing experience for our clients.
Following a recent evaluation of the PAMI Mutual Funds, we would like to inform you that effective April 15, 2026, the following funds will no longer be open for new or additional subscriptions:
1. Philam Bond Fund
2. Philam Dollar Bond Fund
3. PAMI Horizon Fund
4. Philam Fund
What this means for you
- Existing holdings will continue to be managed with the same level of diligence and expertise. Redemption requests, if any, shall follow the usual process without interruption.
- For new or additional investments, we encourage exploring our recommended ALFM Mutual Funds, which offer comparable strategies to support your income, growth, diversification, and other investment goals.
Recommendation
For 2026, global markets are expected to remain volatile due to geopolitical tensions, pushing oil prices higher and raising global inflation expectations. Despite this backdrop, fixed income investments continue to offer steady income opportunities, with dollar bonds providing attractive yields and peso bonds benefiting from strong demand and above-average rates. Philippine equities also remain supported by domestic consumption which merits our long-term constructive view, though markets may stay sensitive to global developments. Given these conditions, a globally diversified portfolio—balancing fixed income stability and selective long-term equity growth—remains the most prudent approach.
| Affected Fund | Fund Classification | Recommended Alternative | Why This Option |
|---|---|---|---|
| Philam Bond Fund | Peso Fixed Income Fund | ALFM Peso Bond Fund | A shorter duration, more stable bond fund can serve as your core fixed-income holding. It offers reduced sensitivity to rate movements, supporting stability while capturing attractive yield opportunities. |
| Philam Dollar Bond Fund | Dollar Fixed Income Fund | ALFM Dollar Bond Fund | A diversified USD‑denominated bond strategy can help deliver more consistent outcomes amid global uncertainty. It provides competitive return potential while maintaining a focus on income generation and capital preservation. |
| PAMI Horizon Fund and Philam Fund | Peso Balanced Fund | Investing in specific asset classes by separating bond and equity allocations allows for direct risk adjustments that better matches your preference considering the current market environment. | |
ALFM Peso Bond Fund (Fixed Income Fund) | · For the stability and steady return potential offered by fixed income securities through the ALFM Peso Bond Fund | ||
ALFM Growth Fund (Equity Fund) | · For long-term growth, which reflects our view on the local market, through the ALFM Growth Fund |
A side‑by‑side fund comparison is attached as an Annex to this letter for your guide.
Why consider the ALFM Mutual Funds
1. Award-Winning Fund Management: ALFM Mutual Funds are managed by BPI Wealth and have been recognized at the 2025 CFA Society Philippines Best Managed Funds Awards and the 2025 Philippine Investment Funds Association (PIFA) Awards for strong performance and prudent risk management.
2. Track Record and Market Leadership: Since the launch of its first fund in 1997, the ALFM brand has grown to serve a wide range of investor objectives and has navigated multiple market cycles. As of December 2025, the ALFM Mutual Funds hold the largest market share in the Philippine mutual fund industry at 58%, with a total of PHP119 billion in assets under management.
3. Broad Access and Scale: ALFM Mutual Funds are available across multiple distribution channels, supporting broader participation and subsequently contributing to larger fund sizes. This scale helps drive efficiency and supports competitive long term performance potential.
Front-end fees will be waived for any switches from any of the foregoing PAMI funds to any of the ALFM funds.
If you have any questions or need guidance in reviewing your options, your Investment Distribution Specialist or Portfolio Relationship Manager will be ready to assist you and ensure your portfolio remains aligned with your financial objectives.
Thank you for your continued trust and confidence.
Sincerely,
Yvette Mari V. De Peralta
Head, Wealth Clients
Institutional Wealth, Private Wealth, Personal Wealth
Kenneth John C. Gavino
Head, Institutional Wealth
Disclaimer
This is not a deposit product. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.
A Mutual Fund is an open-end investment company registered with the Securities and Exchange Commission (SEC) in which the investible cash of numerous investors are pooled in a specific fund (“Fund”) with the aim of achieving a specific objective. The Fund is NOT a DEPOSIT product and is not an obligation of, or guaranteed, or insured by the Fund Manager, and is not insured by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investments, yield and potential yields cannot be guaranteed. Any income or income loss arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the investor. As such, shares of the investor in the Fund, when redeemed, may be worth more or be worth less than his/her initial participation/contribution. Historical performance, when presented, is purely for reference purposes and is not a guarantee of future results. The Fund Manager is not liable for losses, under upon willful default, evident bad faith or gross negligence. Investors are advised to read the Prospectus of the Fund which may be obtained from authorized distributors before deciding to invest.
For inquiries and comments, visit the BPI Wealth website or call us at 889-10000.
BPI Wealth – A Trust Corporation is regulated by the Bangko Sentral ng Pilipinas and Securities and Exchange Commission. Visit their websites for more details.
Downloadable File
Annex – Comparison of PAMI Mutual Funds and Alternative ALFM Mutual Funds
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