Notice to the Participants of BDO UITFs
Fund Structure
The Fund is a US Dollar-denominated equity unit investment trust fund (UITF) structured as a feeder fund.
Investment Objective
The objective of the Fund is to achieve a combination of capital growth and income by investing in a single collective investment scheme, called the Target Fund, which is invested in a diversified portfolio of global companies that tracks the return of the MSCI World Index. The Target Fund is the BlackRock Global Index Funds (BGIF) iShares World Equity Index Fund (D2 USD Share Class with ISIN LU1811364055), formerly BGIF BlackRock World Equity Index Fund.
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 global 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 | BDOGEIF PM |
| Fund Type |
Equity Fund |
|
Inception Date |
February 28, 2018 |
|
Benchmark |
MSCI World Net (custom 4pm LUX) |
|
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 |
0.50% 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.
|
|
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 |
BlackRock Global Index Funds (BGIF) iShares World Equity Index Fund (D2 USD Share Class), formerly BGIF BlackRock World Equity Index Fund |
| ISIN |
LU1811364055 |
| Fund Structure |
The Target Fund is a sub-fund of the BlackRock Global Index 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 30 August 2012 and its registration number in the Registry of the Luxembourg Trade and Companies Register is B 171278. |
| Investment Objective | The Target Fund aims to match the performance of the MSCI World Index, the Target Fund’s Benchmark Index. |
| Investment Policy |
The Target Fund will invest in a portfolio of equity securities that as far as possible and practicable consist of the component securities of the Benchmark Index, in similar proportions to their weightings in the Benchmark Index.
The Target Fund aims to replicate the composition of the Benchmark Index; however it may not always be possible or practicable to hold every security in their exact weighting as in the Benchmark Index. |
|
Issuing Company |
BlackRock Global Index Funds (BGIF) SICAV |
|
Fund Manager |
BlackRock Luxembourg S.A. |
|
Investment Advisers |
BlackRock Investment Management (UK) Limited & BlackRock Institutional Trust Company N.A. |
|
Custodian |
State Street Bank Luxembourg S.C.A. |
| Domicile |
Grand Duchy of Luxembourg |
|
Inception Date |
October 23, 2012 |
|
Total Expense Ratio |
0.23% p.a. |
|
Base Currency |
USD |