Announcements
Sep 11, 2025
Dear Valued Client,
We wish to inform you that effective October 23, 2025, the Odyssey Peso Medium-Term Bond Fund (the “Fund”) will be merged with the BPI Premium Bond Fund (the “Surviving Fund”). This merger is part of our commitment to streamline our investment solutions and enhance your investment experience by consolidating similar funds.
For your easy reference, we have prepared a side-by-side comparison of the affected funds:
| Odyssey Peso Medium-Term Bond Fund (To be merged) | BPI Premium Bond Fund (Surviving Fund) |
|---|---|---|
Asset Class | Peso Bond Fund | Peso Bond Fund |
Investment Objective | Long-term capital growth | Long-term capital growth |
Benchmark | BPI Philippine Government Bond 1-5 Year Index | BPI Philippine Government Bond 1-5 Year Index |
Risk Profile | Moderately Aggressive | Moderately Aggressive |
Modified Duration Policy | Not more than 5 years | Not more than 8 years |
5-yr Annualized Return (as of July 2025) | 1.73% | 1.77% |
Minimum Initial Investment / Subsequent Transaction | PHP 10,000 / PHP 5,000 | PHP 1,000 / No minimum |
Trust Fee | 1.50% p.a. | 1.50% p.a. |
Link to More Information | bit.ly/OPMTBF | bit.ly/BPIPrem |
What makes the BPI Premium Bond Fund more attractive is its greater portfolio management flexibility.
While both funds share similar features and objectives, BPI Premium Bond Fund invests across a wide range of bond maturities and longer-term instruments. This allows the Fund to better adapt to changing market conditions and interest rate environments, potentially unlocking better opportunities for investors like you.
Next Activities
We are here to guide you through the next steps as we prepare for the merger. Kindly take note of these important dates:
Date | Details |
|---|---|
September 19, 2025 (Friday) | LAST DAY OF SUBSCRIPTIONS to Odyssey Peso Medium-Term Bond Fund This covers both on-demand subscriptions and scheduled subscriptions via Regular Subscription Plans (“RSP”). Redemptions will proceed as usual, until October 21, 2025. |
October 21, 2025 (Tuesday) | LAST DAY OF REDEMPTIONS from Odyssey Peso Medium-Term Bond Fund Clients who wish to redeem their investment must do so before the cut-off of 2:00 pm on this day. After this cut-off, clients who remain invested in the Fund will automatically be shifted to BPI Premium Bond Fund, the Surviving Fund. |
October 23, 2025 (Thursday) | MERGER EFFECTIVITY The merger process will be facilitated through the redemption of the Odyssey Peso Medium-Term Bond Fund units and the subscription / reinvestment of proceeds to the BPI Premium Bond Fund. From October 23 to 24, 2025, redemptions from the Odyssey Peso Medium-Term Bond Fund will be processed using the Fund’s price or Net Asset Value per Unit (“NAVPU”) as of October 23, 2025. You will receive a transaction advice confirming this redemption. The redemption proceeds will then be automatically reinvested into the BPI Premium Bond Fund at its NAVPU on merger effectivity date. |
October 27, 2025 (Monday) | COMPLETION OF THE MERGER ACTIVITIES The Odyssey Peso Medium-Term Bond Fund will be officially terminated, and all outstanding investments will have been shifted to the BPI Premium Bond Fund. From October 27 to 28, 2025, you will receive a transaction advice confirming your subscription to the Surviving Fund. Redemption proceeds will have been reinvested in the BPI Premium Bond Fund on October 23, 2025. Investors should see their corresponding BPI Premium Bond Fund units in BPI online or BPI app by the end of this day. |
What you need to do:
1. If you agree with the above merger activities: No action or additional documentation is required from you. Your outstanding holdings in the Odyssey Peso Medium-Term Bond Fund will be automatically redeemed and reinvested into the BPI Premium Bond Fund at the respective prevailing price on October 23, 2025, the merger effectivity date.
2. If BPI Premium Bond Fund does not align with your preferences or if you want to redeem and shift ahead of the merger date: You may choose to redeem your investments from the Odyssey Peso Medium-Term Bond Fund before October 21, 2025, 2:00 pm. To explore other investment options, you can check out our wide range of funds at https://bit.ly/BPIUITFs.
We are committed to making this transition as smooth and seamless for you. Should you have any 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. We remain committed to helping you achieve your financial goals.
Sincerely,
Sgd.
Maria Theresa D. Marcial
President and CEO
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, and SEC, www.sec.gov.ph
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