Important Advisory: Merger of BPI Catholic Values Global Equity Feeder Fund with BPI Global Equity Fund-of-Funds (Class PHP)

Dear Valued Client,

In our letter dated October 20, 2025, we informed you of the change in target fund of BPI Catholic Values Global Equity Feeder Fund (the Fund), initiated by the target fund manager, Christian Brothers Investment Services (CBIS).

The new target fund, CBIS Catholic Responsible Investments (CRI) Global Equity Fund offers broader diversification by investing across a wider range of asset classes, sectors, and geographies while continuing to apply CRI screening, excluding sectors that conflict with faith-based principles. While this approach improved diversification, the new mandate includes up to 15% exposure to global small-cap equities, a segment generally associated with higher volatility and less predictable performance, especially during periods of market uncertainty. It also adopts a sub-managed fund structure where portions of the portfolio are managed by select asset managers. Specifically, the roster of sub-managers increased from two (2) to six (6) specialized and smaller-scale fund managers.

After a comprehensive target fund review and careful consideration, rather than keeping the Fund invested in the new target fund, we have determined that a more effective solution is to merge the Fund into the upcoming Philippine Peso Unit Class (Unit Class P) of the BPI Global Equity Fund-of-Funds. This decision reflects our commitment to providing a more stable and diversified global equity exposure for our investors.  This merger is targeted for completion in the first quarter of 2026.

For your convenience, we have prepared a side-by-side comparison of the affected funds in Annex A.

Why Consider the BPI Global Equity Fund-of-Funds

• Broad Global Equity Strategy
  • Access a well-diversified portfolio of global equities across sectors and regions, designed to capture growth opportunities worldwide.
• Managed by Leading Global Experts
  • BPI Global Equity Fund-of-Funds invests in a portfolio of carefully selected global equity funds, managed by bigger players and trusted names in the industry such as JP Morgan Asset Management, Wellington Management, and UBS Asset Management.
• Proven Track Record
  • With over 30 years of navigating various market cycles, BPI Global Equity Fund-of-Funds has grown to over USD 200 million in assets under management, making it one of the largest funds in its category. It is also an award-winning fund, recognized for strong risk-adjusted returns, earning the CFA Society Philippines Best Managed Equity Dollar Fund for eight (8) years.

What You Can Do Now

To help you manage your investments during this transition, we encourage you to:

1. Revisit your financial requirements and be advised of the continued suspension of subscriptions to BPI Catholic Values Global Equity Feeder Fund until the merger is finalized in 2026.

Redemptions will be reopened starting today, November 20, 2025. We will send updates on when redemptions will be suspended for the merger activities in 2026.

2. Explore alternative investment options and consider this as an opportunity to review your portfolio for diversification.

You may also explore our full suite of investment options.

We will keep you updated on the merger timeline through announcements posted on bpiwealth.com. To ensure you receive prompt updates, we kindly encourage you to keep your email information current.

We are committed to making this transition as smooth and seamless for you. For your reference, Frequently Asked Questions are attached in Annex B.

Should you have other questions or concerns, please do not hesitate to email us at bpiwealth@bpi.com.ph or call us at (+632) 889-10000.

Thank you for your continued trust and confidence in BPI Wealth.

Sincerely,

Sgd.

Lea Angeline A. Maranan

Head, Experience Management

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.