Important Advisory: Update on the Merger of the BPI Catholic Values Global Equity Feeder Fund with BPI Global Equity Fund-of-Funds (Class P)

Dear Valued Client,

We would like to share the latest updates regarding the BPI Catholic Values Global Equity Feeder Fund (the “Fund” or “Terminating Fund”) and its planned merger with the Philippine Peso Class of the BPI Global Equity Fund-of-Funds (the “Surviving Fund”).

As previously communicated in our letter dated October 20, 2025, the Fund’s underlying investment, the CBIS World Equity Fund, was merged into the CBIS Catholic Responsible Investments (CRI) Global Equity Fund, both managed by Christian Brothers Investment Services (CBIS). This development led to a temporary suspension of transactions as BPI Wealth carefully assessed the most appropriate course of action, with the goal of safeguarding participants’ best interests and continuing to provide stable, diversified global equity investment opportunities (see bit.ly/CBIS-Fund).

On November 20, 2025, we informed clients that merging the Fund into the Surviving Fund is the most effective solution (see bit.ly/CVGEFF-Merger). The merger is now scheduled to take effect on July 24, 2026.

As we move forward, we would like to guide you through what to expect during this transition:

• Key Dates and What to Expect

• About the BPI Global Equity Fund-of-Funds
  • Strong and Established Record: With over three decades of experience, the Surviving Fund has grown to USD 219 million in assets under management as of April 2026, reflecting sustained investor confidence. It has demonstrated resilience across multiple market cycles and has consistently delivered strong risk-adjusted returns, earning multiple recognitions from the CFA Society Philippines.
  • Broader Global Investment Access: Transitioning from a values-oriented investment strategy to a more diversified global equity approach provides access to a wider range of opportunities across sectors and regions, enhancing both growth potential and portfolio diversification.
  • Resilient and Adaptive Portfolio Management: Diversification across leading global managers including JP Morgan Asset Management, Wellington Management, and UBS Asset Management, helps manage market volatility while positioning the portfolio to capture evolving opportunities.

• What You Need to Do
  • If you agree with the merger
    • No action is required from you. Your holdings in the BPI Catholic Values Global Equity Feeder Fund will be automatically transferred to the Philippine Peso Class of the BPI Global Equity Fund-of-Funds.
      
      
  • If you prefer an alternative
    • If the Surviving Fund does not align with your investment preferences, you may redeem your investments on or before July 14, 2026, 2:00 pm. This provides an opportunity to review and diversify your portfolio. You may contact your Relationship Manager or schedule a call with our Wealth Advisors. You may also explore other investment options at bit.ly/BPI-Funds.

We remain committed to ensuring that this transition is handled smoothly and transparently for you. Should you have any questions or need assistance, please feel free to contact us at bpiwealth@bpi.com.ph or (+632) 889-10000.

Thank you for your continued trust.

Sincerely,

Lea Angeline A. Maranan

Head, Experience Management, Strategy and Finance

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.

Unit Investment Trust Funds (UITFs) are NOT DEPOSIT products and are not an obligation of, or guaranteed, or insured by BPI Wealth or Bank of the Philippine Islands (BPI) or its affiliates or subsidiaries, and are not insured by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investment, yield and potential yields cannot be guaranteed. Any income or loss arising from market fluctuations and price volatility of securities held by a UITF, even if invested in government securities, is for the account of the investor/trustor. As such, units of participation of the investor/trustor in a UITF, 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. BPI Wealth is not liable for losses, other than due to willful default, evident bad faith or gross negligence. Investors are advised to read the Declaration of Trust of the relevant UITF before deciding to invest.

For inquiries and comments, visit the BPI Wealth website or call the 24-hour BPI Contact Center at (+632) 889-10000.

BPI Wealth – A Trust Corporation is regulated by the Bangko Sentral ng Pilipinas, www.bsp.gov.ph.