BPI Wealth Announced Changes to its Funds Management Fees

BPI Wealth is a multi-awarded fund house recognized by institutions worldwide.

Which Mutual Funds and Unit Investment Trust Funds (UITF) are affected by the fee adjustment?

BPI Wealth announced that starting on Thursday, February 1, 2024, fund management fees will be adjusted for the following unit investment trust funds and mutual funds:

I received this email announcement from COL Financial. Click here to read the announcement from BPI Wealth.

Why is there an adjustment in the fees?
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​BPI Wealth is adjusting the fees for its mutual fund and UITF offerings in response to evolving market conditions. In order to guarantee that they can maintain long-term stability for assets and offer the best possible service, it has been decided to increase management fees.

What does this mean for investors in the fund?

​​There is nothing to worry about; your investment balances will not be affected, and outstanding units will remain the same before and after the adjustment of fees.
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The trust fee is already embedded in the daily calculation of the Net Asset Value Per Share or Unit (NAVPS/NAVPU). As such, the adjustment in fees will be automatically reflected in the price and value of the fund upon the implementation date of February 1, 2024.

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About BPI Wealth

​BPI Wealth is the largest stand-alone trust corporation in the Philippines and a wholly-owned subsidiary of the Bank of the Philippine Islands (BPI). BPI Wealth is under the supervision of the Bangko Sentral ng Pilipinas and is authorized to engage in trust and other fiduciary services.