NOTICE TO THE PARTICIPANTS OF BDO US EQUITY FEEDER FUND

Update as of August 23, 2023

Please be informed that the amendments to BDO US Equity Feeder Fund shall be effective on September 1, 2023. The activities related to switching of the target fund is expected to be completed on September 11, 2023. During this transitory period, the Fund may temporarily hold bank deposits beyond the 10% limit while the Fund switches target fund.

For clarifications, please feel free to call us at (02) 8631-8000 during banking hours or email us at trustcustomercare@bdo.com.ph with the subject line: BDO US Equity Feeder Fund and we will be glad to assist you.

Thank you for your continued trust.

July 14, 2023

Switching of the Target Fund and Amendments to the Plan Rules of

BDO US Equity Feeder Fund (“USEFF” or the “Fund”)

Dear Valued Investor,

As part of our continuing efforts to provide you with the best-in-class funds suitable to your needs and life goals, we wish to inform you of the switching of the target fund of BDO USEFF from Allspring (Lux) Worldwide Fund U.S. All Cap Growth Fund to iShares Core S&P 500 UCITS Exchange Traded Fund USD Distribution.

The switching of the target fund aims to maximize the long term returns of your investment by investing in a target fund with holdings in stocks that are part of the S&P500 index, which measures the performance of the 500 largest companies within the United States market. The Fund will now invest in a passively managed (index-tracker) target fund and shall reflect the returns of the S&P 500 index. Consequently, changes in the Fund’s name, investment objective and reduction of trust fees will also be implemented.

From

Fund Name

BDO US Equity Feeder Fund

BDO US Equity Index 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 listed US companies.

Target Fund

Allspring (Lux) Worldwide Fund U.S. All Cap Growth Fund (Class I Accumulating USD Share Class with ISIN Code LU0353189763)

iShares Core S&P 500 UCITS ETF USD (Distributing) with ISIN IE0031442068

Benchmark

Russell 3000 Growth Index

S&P 500 Index

Trust Fee

1.00% p.a.

0.50% p.a.

Please refer to Annex A for for the comparative key features and risks of the existing and the newly approved target fund.

The switching of the target fund shall be conducted with due diligence. Apart from the usual trading fees, the Fund will not incur additional costs as a result of the switching of target fund. The final implementation date of the switch shall be announced in the BDO website.

We advise you to evaluate the effects of the switch to the new target fund carefully. If the Fund remains suitable to your investment profile and you are amenable to the switching of the target fund, there is no need for you to do anything. Your decision to remain invested in the Fund will be deemed as your conformity with such action. If this is not the case or you are not in conformity with the above, you may redeem your outstanding investments in the BDO USEFF on or before 31 August 2023. You may get in touch with your UITF servicing branch to discuss other BDO UITFs/investment products that may better match your requirements.

Thank you for your continued trust.

BDO Unibank, Inc. – Trust and Investments Group

As Trustee of BDO US Equity Feeder Fund

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NOTICE TO THE PARTICIPANTS OF BDO US EQUITY FEEDER FUND