IN THE NEWS


CHANGES TO ODYSSEY ASIA PACIFIC HIGH DIVIDEND EQUITY FUND


28 August 2020
 

Dear Valued Client:
 
As part of our continuing commitment to provide the best value for your investments, we wish to inform you that we shall be converting Odyssey Asia Pacific High Dividend Equity Fund (the “Fund”) to a feeder fund effective 01 October 2020.
 
Below summarizes the important changes to be implemented:
 
  FROM TO
Fund Name Odyssey Asia Pacific High Dividend Equity Fund Odyssey Asia Pacific High Dividend Equity Feeder Fund
Fund Type Equity Fund Equity Feeder Fund
Investment Objective The objective of the Fund is to pursue long-term capital appreciation by investing in a diversified portfolio of attractively priced stocks with high dividend yields in the Asia Pacific region. The Fund, operating as a Feeder Fund, aims to achieve long-term capital appreciation by investing in a Target Fund with a diversified portfolio of attractively-priced stocks with high dividend yields in the Asia Pacific region.
Benchmark MSCI AC Asia Pacific ex-Japan Total Return Index MSCI AC Asia Pacific ex-Japan High Dividend Net Return USD Index
Target Fund N/A JP Morgan Asia Equity Dividend Fund
Trust Fee 1.75% p.a. 1.10% p.a.
 
The conversion to a feeder fund changes the Fund’s structure from an actively managed fund invested in various equity securities to a feeder fund invested in a single investment fund called Target Fund. This change is expected to be most beneficial to clients as it reduces your total cost of investing through the scale offered by investing in a single Target Fund.
 
The above changes pose no effect on the primary investment strategy of the fund. Odyssey Asia Pacific High Dividend Equity Feeder Fund will continue to be managed with the goal of achieving long-term capital appreciation through its investment in a Target Fund that has a diversified portfolio of attractively-priced stocks with high dividend yields in the Asia Pacific region.
 
For more details, we have prepared a list of frequently asked questions that you may access at www.bpiassetmanagement.com. A copy of the amended Plan Rules is also available in your branch of account.
 
Your decision to remain invested in the Fund will signify conformity with the amendments. For any questions, please do not hesitate to call us at (02) 8580-AMTC (2682) or write us at bpi_asset_management@bpi.com.ph.  
 
Thank you for your continued trust.
 
 
Sincerely,
SHEILA MARIE U. TAN
President
 

 
ALL FUNDS/PRODUCTS MANAGED BY BPI ASSET MANAGEMENT AND TRUST CORPORATION ARE TRUST AND/OR INVESTMENT MANAGEMENT FUNDS. THESE ARE NOT DEPOSIT PRODUCTS AND ARE NOT AN OBLIGATION OF, OR GUARANTEED, OR INSURED BY BPI ASSET MANAGEMENT AND TRUST CORPORATION, OR BANK OF THE PHILIPPINE ISLANDS (BPI) OR ITS AFFILIATES OR SUBSIDIARIES, OR BPI FAMILY SAVINGS BANK OR THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC).

Due to the nature of the investments, yield and potential yields cannot be guaranteed. Any income or loss arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the investor. As such, units of participation of the trustor in the Fund, 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. The Trustee is not liable for losses, unless upon willful default, evident bad faith or gross negligence. Trustors are advised to read the Declaration of Trust, which may be obtained from the office of the Trustee, before deciding to invest.


BPI Asset Management and Trust Corporation (BPI AMTC) is a subsidiary of the Bank of the Philippine Islands. For any inquiries and complaints relating to our services and product, you may call us at (02) 8580-AMTC (2682), send an email to bpi_asset_management@bpi.com.ph, or write a letter addressed to BPI Asset Management and Trust Corporation - Consumer Protection, 7/F BPI Buendia Center, Sen. Gil J. Puyat Avenue, Makati City 1209.
 
BPI AMTC as Trustee and Investment Manager is regulated by the Bangko Sentral ng Pilipinas with email address consumeraffairs@bsp.gov.ph.