Notice to the Participants of BDO UITFs
BDO Europe Equity Feeder Fund
Fund Structure
The Fund is a US Dollar-denominated global equity unit investment trust fund (UITF) structured as a feeder fund.
Investment Objective
The objective of the Fund is to generate long-term capital appreciation by investing in a single collective investment scheme, called the Target Fund, which is invested in a diversified portfolio of European companies domiciled in, or exercising the predominant part of their economic activities in, Europe. The Target Fund is the BGF BlackRock European Focus Fund (Class D2 USD Share Class ISIN LU0827878959).
Investment Policy
As a feeder fund, the Fund shall invest at least 90% of its assets in a single collective investment scheme called the Target Fund. The remaining portion of the assets (maximum of 10%) will be invested and reinvested by the Trustee, with full discretionary powers, in deposits in the Trustee’s bank or in other banks. The Fund may invest in bank deposits beyond the 10% limit during the transitory period while the Fund switches target fund.
The Fund’s investment in the Target Fund should not comprise more than 10% of the Target Fund’s Net Asset Value. The Target Fund must also comply with the 15% single exposure limit and must neither be structured nor similarly structured as a feeder fund or fund-of-funds.
Client Suitability
The Fund is suitable for individual and corporate investors who have a balanced risk appetite and who seek potentially higher returns through European stock market investments but are also aware of the possibility of capital losses that such investments may entail. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested for more than three (3) years. The Fund is not suitable for short-term investing.
Participation in the Fund shall be open to Filipino citizens, Philippine residents and domestic corporations with capacity to contract and who are not considered US Persons under the US securities and tax laws.
Prospective participants should also consult their own tax advisors as to the specific Philippine tax consequences of acquiring, holding and redeeming of any units of the Fund, as well as the consequences arising under the laws of any other taxing jurisdiction.
Fund Facts
|
Bloomberg Ticker |
BDOEEFF PM |
|
Fund Type |
Equity Fund |
|
Inception Date |
July 26, 2017 |
|
Benchmark |
MSCI Europe Index (Net Total Return USD) |
|
Initial NAVpU |
USD 100.00 |
|
Minimum Investment |
USD 500.00 |
|
Minimum Additional / Minimum Maintaining Participation |
USD 500.00 |
|
Minimum Holding Period |
None |
|
Early Redemption Fee |
Not Applicable |
|
Management Fee |
1.0% p.a. |
|
NAVpU Availability |
Every trading day at 4:00 p.m. |
|
Dealing Period: Admission and Redemption Orders |
Admission and Redemption orders are subject to a one (1) day advanced notice requirement ("Order Date" or T - 1).
Cut-off time for Admission and Redemption orders is up to 2:30 p.m. of any banking day. Orders placed after the cut-off time will be processed on the next banking day.
The Fund shall be closed for orders during Target Fund non-dealing days. Click here for details. |
|
Valuation Date |
Admission and Redemption shall be based on the NAVPU computed on Valuation Date (T + 0) |
|
Settlement Period (Funding): Admissions |
On Admission Order Date or one (1) day prior the Valuation Date (T - 1) |
|
Settlement Period: Redemptions |
Five (5) banking days from Redemption Valuation Date (T + 5). This is six (6) banking days after the Redemption Order Date. |
|
External Auditor |
Punongbayan & Araullo |
General Information on the Target Fund
For more information on the Target Fund, please read its Prospectus and Fund Fact Sheet available at www.blackrock.com.
|
Target Fund |
BGF BlackRock European Focus Fund (Class D2 USD Share Class) |
|
ISIN |
LU0827878959 |
|
Fund Structure |
The Target Fund is a sub-fund of the BlackRock Global Funds (the “Company”). The Company is a public limited company (societe anonyme) established under the laws of the Grand Duchy of Luxembourg as an open ended variable capital investment company (societe d’investissement a capital variable). It has been established on 14 June 1962 and its registration number in the Registry of the Luxembourg Trade and Companies Register is B 6317. |
|
Investment Objective |
The Target Fund seeks to maximize total return by investing in a portfolio of European equities. |
|
Investment Policy |
In order to maximize total return, the Target Fund invests at least 70% of its total assets in a concentrated portfolio of equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe. It invests mostly in pan-European large, mid and small cap securities with a market capitalization usually in excess of EUR 500 million. The portfolio is fully flexible and is therefore able to invest in the most attractive opportunities across all areas of the market.
The investment process is aimed at achieving first quartile performance over 1, 3 and 5 years by focusing research towards investment ideas with the most upside to their current share price as identified by rigorous company analysis. The process combines a controlled research framework with sophisticated portfolio construction techniques. |
|
Issuing Company |
BlackRock Global Funds (SICAV) |
|
Management Company |
BlackRock (Luxembourg) S.A. |
|
Investment Adviser |
BlackRock Investment Management (UK) Limited |
|
Custodian |
The Bank of New York Mellon (Intl.) Ltd, Luxembourg Branch |
|
Domicile |
Grand Duchy of Luxembourg |
|
Inception Date |
October 14, 2005 |
|
Total Expense Ratio |
1.33% p.a. (as of December 31, 2017) |
|
Base Currency |
EUR |
|
Share Class Currency |
USD |