NOTICE TO THE PARTICIPANTS OF BDO INSTITUTIONAL CASH RESERVE FUND

Change in Benchmark of BDO Institutional Cash Reserve Fund

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July 15, 2020

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Dear Valued Investors,

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We wish to inform you that the BDO Trust Committee, on its meeting held last June 27, 2020, has approved the change in benchmark of BDO Institutional Cash Reserve Fund (the “Fund”) and this shall take effect on September 1, 2020:
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FROM ?? ??? ??? Bloomberg Average 30-day Special Savings Rate

TO?? ??? ?????????? BSP Published Peso Deposit Rates

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This change was due to the discontinuance of publication of Bloomberg Average 30-day Special Savings Rate. As such, we have identified BSP Published Peso Deposit Rates as an appropriate replacement benchmark as it reflects the risk-return characteristics and management of the Fund. Please note that the implementation of the change in benchmark poses no effect on the investment strategy of the Fund. The Fund will continue to be managed within its current investment objectives and policies.

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We advise you to evaluate this change carefully. If the Fund remains suitable to your investment profile, there is no need for you to do anything. Your decision to remain invested in the Fund will be deemed as your conformity with the amendment. If this is not the case or you are not in conformity with the above amendment, you may get in touch with your Trust Marketing Officer and/or UITF servicing branch before September 1, 2020 to discuss other BDO UITFs/investment products that may better match your requirements.

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For clarifications, please feel free to call us at the following numbers: 8840-7000 locals 34255, 37026, 33832, 34244, 34035. You may also email us at investments@bdo.com.ph and we will be glad to assist you.

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Thank you for your continued trust.

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Sincerely,

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BDO Unibank, Inc. – Trust and Investments Group
As Trustee of BDO Institutional Cash Reserve Fund

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