Changes to Unit Investment Trust Funds effective August 24, 2023

Dear Valued Client,

We wish to inform you of the following amendments to our Unit Investment Trust Funds (UITFs) effective August 24, 2023.

1. Shorter Redemption Settlement Schedule of Domestic Multi-Asset and Equity Funds

Aligned with the upcoming change in equity market convention, we have reduced the redemption settlement schedule of 13 domestic multi-asset and equity funds from 3 business days to 2 business days from the transaction booking date. The affected funds are in Annex A.

2. Other Plan Rules Changes

We are revising the Plan Rules of all UITFs to include additional benchmark information to ensure appropriate disclosure as required by BSP Circular 1152. Please refer to Annex B for a summary of changes.

We have also changed the name of 23 UITFs to simply BPI instead of BPI Invest. The affected funds are in Annex C.

We will consider your decision to remain invested in the UITFs as your agreement to the above-mentioned changes. If you have any questions or concerns about these changes, please do not hesitate to send us an email at bpiwealth@bpi.com.ph.

BPI Wealth remains committed to providing you with excellent service and a complete range of investment opportunities.

Thank you for your trust.