Unit Investment Trust Fund (For Individuals and Corporates)

Transcription

1 : Date: Account Opening Update Kit Unit Investment Trust Fund (For Individuals and Corporates) Investor Profile Questionnaire (IPQ)/ Client Suitability Assessment (CSA) Client Investment Suitability (CIS)/ Investment Policy Statement (IPS) Risk Disclosure Statement (RDS) Omnibus Participating Trust Agreement BDO Trust and Investments Group VER

2 Investor Profile Questionnaire (IPQ)/ Client Suitability Assessment (CSA) well as losses, arising from such investments/services are for the account of the investors. This INVESTOR PROFILE QUESTIONNAIRE (IPQ)/CLIENT SUITABILITY ASSESSMENT (CSA) FORM will help you understand the type of investor you are based on your investment objectives, risk appetite, cash flow requirements and other pertinent details as an investor. While not comprehensive, a general idea of your investment preference will be a helpful guide. On the basis of the information you provide, we present/recommend to you the various investment instruments/vehicles suitable to your needs and objectives. It is important that your responses to the questions are accurate and complete. There is no right or wrong answer. This IPQ/CSA is done prior to account opening and must be updated at least every three () years. In case of changes before then in your circumstances, preferences or characteristics (i.e. change in liquidity needs, risk tolerance, tax status, number of dependents, wealth), you should request for a new CSA to be undertaken by BDO to determine and evaluate your new risk profile, investment objectives and other pertinent requirements. If you do not notify BDO of such changes, it will be deemed a waiver of your right to a new CSA for the prescribed period. Name of Profiled Client (Primary Account Holder) Amount You Intend To Invest? Where Do You Intend To Use The Fund? (i.e. education of children, travel, retirement etc.) () Check the best answer for you: Score () Check the best answer for you: Score. What do you want to achieve from this investment? To keep my funds intact To have a regular source of income To make my funds grow. This amount you intend to invest represents: 0% - 5% of your investible funds 6% - 50% of your investible funds 5% - 75% of your investible funds 76% - 00% of your investible funds. You see yourself needing these funds Anytime Within a year Over a year to three () years More than three () years. You are more comfortable with investments that primarily provide safety of funds, returns are secondary only low returns with a little risk moderate returns with moderate risks high returns with high risks 5. Which among the following financial instruments do you have knowledge of or basic awareness of? Time Deposits Government Securities Promissory Notes Corporate Bonds/Commercial Papers Others, please specify 6. Which among the following financial instruments are you currently invested in or had actual experience in terms of investments? Time Deposits Government Securities Promissory Notes Corporate Bonds/Commercial Papers Others, please specify Stocks/Equities Mutual Funds/UITFs Foreign Currency Swaps Hedged Instruments Preferred Shares Derivatives Stocks/Equities Mutual Funds/UITFs Foreign Currency Swaps Hedged Instruments Preferred Shares Derivatives 8. How important is liquidity for this particular investment? Very important I have very limited funds for investments, thus, my financial flexibility is very erratic. Sudden withdrawals should be easy to manage. Investments should be limited to short-term fixed income products that provide a steady income stream. Modestly important - I only have modest savings for investments and these may have to be used for future unforeseen expenses. Thus, losses must be avoided. Ideal investments would be the more conservative and stable fixed-income products with short-term investment horizon but may have a sprinkling of equity funds for growth purposes. Slightly important - I have substantial excess funds for investments, tight cash flow is not expected in the near or medium-term. My liquidity position allows me to invest in more aggressive products that can provide better yields but may require a longer investment time horizon to weather the ups and downs of the market. No importance 9. How would you rate yourself as an investor? Very experienced - Highly diversified investment portfolio, investments in major foreign currencies are noted (i.e. US Dollar and Euros), considerable presence of high-risk investment products/outlets, may Fairly experienced - Investments are diversified with a balance of equities and fixed income, including bonds and government securities. High-risk investments still account for a small portion of the investment portfolio. Little experience - Has exposure to term deposits and money market placements, minimum investments in stocks/equities or limited to Initial low-risk instruments. No experience - Excess funds are mainly parked in bank savings accounts. Type Score General Investment Approach Conservative less than 8 points Invests primarily in bank deposits Moderate 8 points Invests primarily in money market instruments, prime lending and/or bonds Balanced 5 points Invests in a mix of fixed income securities and equities 7. As an investor, you would describe yourself as: I want short-term investments with minimal risks because I want to keep my funds intact. I will settle for lower returns as long as my funds are safe. I want stable returns on my investments but I am willing to take a moderate level of risk in order to earn a return higher than traditional deposit products. I want to make my funds grow and I understand that in order to do this, I need to take on more risks by investing in a mix of fixed income securities and equities, which may require a longer investment time horizon to meet my investment goals. invest in equities for a considerable length of time. I understand that such investments entail high risks and I am willing to ride the ups and downs of the market for potential higher long-term results. Aggressive 7 points Invests majority of its portfolio in equities and may also invest in structured products and/or derivatives Important Notes: Client s Score: pooled funds and segregated portfolios or direct investments. deposits vs. investments. VER. 0-05

3 Client Investment Suitability (CIS)/ Investment Policy Statement (IPS) designed to match specific investor needs, tolerance for risk and the length of time the investors intend to be invested. I. After an assessment made through the IPQ/CSA and based on the discussion with the client/s, the following marked UITF/s are duly recommended: BDO Peso Money Market Fund Minimum Investment : PHP 00, Minimum Holding Period : None Early Redemption Fee : None Dealing Period : Settlement Period : After :00 p.m. on the same banking day the notice of redemption is received Trust Fee : 0.50% p.a. The BDO Peso Money Market Fund is invested in low-risk fixed income securities with a portfolio weighted average life of not more than one () year. The Fund aims to preserve capital and generate income although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for safe and liquid investments with yields relatively higher than those of savings and time deposit accounts. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least six (6) months. BDO Peso Bond Fund Minimum Investment : PHP 0, Settlement Period : One () banking day after notice of redemption is received Trust Fee :.00% p.a. The BDO Peso Bond Fund is invested in short to long-term bonds and other similar fixed income securities. The Fund aims for capital preservation and income generation although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for higher yields and are willing to take the attendant risks due to the nature of the Fund s investments. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least three () years. BDO GS Fund (formerly EPCIB GS Fund) Minimum Investment : PHP 00, Settlement Period : One () banking day after notice of redemption is received Trust Fee :.00% p.a. The BDO GS Fund is invested in a diversified portfolio consisting of selected government securities that can provide higher yields. The Fund aims for capital preservation and income generation although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for investments that have moderate risks. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least three () years. BDO Peso Fixed Income Fund Minimum Investment : PHP 0, Settlement Period : One () banking day after notice of redemption is received Trust Fee :.00% p.a. The BDO Peso Fixed Income Fund is invested in a combination of short to long-term fixed income securities. The Fund aims to provide a high level of income with preservation of capital and maintenance of liquidity although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for higher yields and are willing to take the attendant risks that come with portfolios that may have investments with longer tenors. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least three () years. VER

4 Client Investment Suitability (CIS)/ Investment Policy Statement (IPS) BDO Peso Balanced Fund Minimum Investment : PHP 0, Settlement Period : Four () banking days after notice of redemption is received Trust Fee :.00% p.a. The BDO Peso Balanced Fund is invested primarily in equities and in short to long-term fixed income securities. The allocation for equity securities shall be between 0% to 60% of the portfolio or any other allocation range that may be prescribed by the Trust Officers Association of the Philippines (TOAP) in consultation with the regulatory authority/ies. The Fund aims to achieve capital appreciation over the medium-term although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with balanced risk appetite who are aware of the opportunity for high yields that portfolios with stock market investments may provide but are also knowledgeable 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 in the Fund for more than three () years. BDO Equity Fund (formerly EPCIB Equity Fund) Minimum Investment : PHP 0, Early Redemption Fee :.00% of Original Participation Amount Settlement Period : Four () banking days after notice of redemption is received Trust Fee :.00% p.a. The BDO Equity Fund is invested in a selection of exchange-listed equities. The Fund aims primarily for capital growth over the medium to long-term although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with aggressive risk appetite who seek potentially higher returns through 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 in the Fund for more than three () years. BDO Sustainable Dividend Fund Minimum Investment : PHP 0, Early Redemption Fee :.00% of Original Participation Amount Settlement Period : Four () banking days after notice of redemption is received Trust Fee :.5% p.a. The BDO Sustainable Dividend Fund is invested in a portfolio of attractively priced stocks with sustainable dividend yields listed in the Philippine Stock Exchange. The Fund aims to achieve capital appreciation over the long-term although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with aggressive risk appetite who seek potentially higher returns through 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 in the Fund for more than three () years. BDO Focused Equity Fund Minimum Investment : PHP 0, Early Redemption Fee :.00% of Original Participation Amount Settlement Period : Four () banking days after notice of redemption is received Trust Fee :.50% p.a. The BDO Focused Equity Fund is invested in a concentrated portfolio of exchange-listed stocks, the selection of which shall be determined based on operational performance, valuation and market sentiment. The Fund aims to pursue capital growth over the long-term although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with aggressive risk appetite who seek potentially higher returns through 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 in the Fund for more than three () years. BDO Dollar Money Market Fund Minimum Investment : US$, Dealing Period : Settlement Period : After :00 p.m. on the same banking day the notice of redemption is received Trust Fee : 0.50% p.a. The BDO Dollar Money Market Fund is invested in low-risk fixed income securities with a portfolio weighted average life of not more than one () year. The Fund aims to preserve capital and generate income although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for safe and liquid investments with yields relatively higher than those of US Dollar time deposit accounts. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least six (6) months. VER

5 BDO Dollar Bond Fund Minimum Investment : US$, Settlement Period : Three () banking days after notice of redemption is received Trust Fee : 0.75% p.a. The BDO Dollar Bond Fund is invested in higher yielding short to medium-term bond investments and other similar fixed income securities with a portfolio weighted average life of more than one () year. The Fund aims for capital preservation and income generation although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for higher yields and are willing to take the attendant risks due to the medium-term assets the Fund may have. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least three () years. BDO Medium Term Dollar Bond Fund (formerly EPCIB US Dollar Fund) Minimum Investment : US$, Early Redemption Fee :.00% of Original Participation Amount Settlement Period : Three () banking days after notice of redemption is received Trust Fee :.00% p.a. The BDO Medium Term Dollar Bond Fund is invested in higher yielding medium to long-term bond investments and other similar fixed income securities. The Fund aims for capital preservation and income generation over the medium-term although principal and returns are not guaranteed by the trustee as UITFs are trust agreements and not deposit accounts. This Fund is suitable for individual and corporate investors with moderate risk appetite who are looking for higher yields and are willing to take the attendant risks due to the relatively longer-term nature of the Fund s investments. In order to minimize risks and maximize earning potential, participants/trustors are recommended to stay invested in the Fund for at least three () years. II. After reading and understanding the CIS/IPS, I/we have chosen to invest/participate in the product/s specifically identified below which I/we believe suit/s my/our investment objectives, risk appetite and cash requirements regardless of the result of my/our Investor Profile Questionnaire (IPQ)/Client Suitability Assessment (CSA). If investment in said product/s is inconsistent with the result of my/our IPQ/CSA, I/we also hereby waive such results. Each time I/we affix my/our signature herein, I/we acknowledge that () I/we have completely read and fully understood the Risk Disclosure Statement (RDS) and have received a copy of the same at the time of my/our UITF account opening; and () the RDS and the specific risks for the UITF (shown in the Specific Risks column) that I/we have chosen have been explained to me/us by a certified UITF marketing personnel. UITF PRODUCT SPECIFIC RISKS* DATE OF PARTICIPATION SIGNATURE OF INVESTOR/S EXPLAINED BY (Signature over Printed Name of Certified UITF Marketing Personnel) (IF APPLICABLE ONLY) ADDITIONAL EXPLANATION AND DETAILS PROVIDED BY (Indicate Date and Time of Call) BDO Peso Money Market Fund BDO Peso Bond Fund BDO GS Fund (formerly EPCIB GS Fund) BDO Peso Fixed Income Fund BDO Peso Balanced Fund BDO Equity Fund (formerly EPCIB Equity Fund). Credit Risk/Default Risk. Reinvestment Risk. Liquidity Risk. Credit Risk/Default Risk 5. Reinvestment Risk. Liquidity Risk. Reinvestment Risk. Liquidity Risk. Credit Risk/Default Risk 5. Reinvestment Risk. Liquidity Risk. Credit Risk/Default Risk 5. Reinvestment Risk. Market/Price Risk. Liquidity Risk BDO Sustainable Dividend Fund. Market/Price Risk. Liquidity Risk BDO Focused Equity Fund. Market/Price Risk. Liquidity Risk BDO Dollar Money Market Fund BDO Dollar Bond Fund BDO Medium Term Dollar Bond Fund (formerly EPCIB US Dollar Fund). Credit Risk/Default Risk. Reinvestment Risk. Liquidity Risk. Credit Risk/Default Risk 5. Reinvestment Risk. Liquidity Risk. Credit Risk/Default Risk 5. Reinvestment Risk *Definition of the above risks can be found in the Risk Disclosure Statement (RDS). VER

6 Risk Disclosure Statement (RDS) Bank Copy Prior to making an investment through BDO Unibank, Inc. - Trust and Investments Group s (BDO-Trust) various investment vehicles, segregated portfolios, BDO-Trust s Unit Investment Trust Funds (UITFs) and in the securities they may invest in, BDO-Trust is hereby informing you of the risks involved in investing in such securities/investment vehicles/ nature of the securities/investment vehicles/segregated portfolios/uitfs you will be investing in and the extent of your exposure to risks;. read this Risk Disclosure Statement completely; and. independently determined that investment in said securities/investment vehicles/segregated portfolios/uitfs is appropriate for you. There are risks involved in investing in various securities because the value of your investment may fluctuate depending on market circumstances. For UITFs in particular, the value of your investment is based on the Net Asset Value per unit (NAVpu) of the Fund, which uses a marked-to-market valuation and therefore may fluctuate daily. [The NAVpu is computed by dividing the Net Asset Value (NAV) of the Fund by the number of outstanding units]. The NAV is derived from the summation of the market value of the underlying securities of the Fund plus accrued interest income less liabilities and qualified expenses. INVESTMENT IN ANY SECURITY DOES NOT PROVIDE GUARANTEED RETURNS, ESPECIALLY IF IT WILL NOT BE HELD UNTIL IT MATURES AND THUS, WILL BE SUBJECT TO PREVAILING MARKET PRICES. EVEN FOR UITFS THAT ARE INVESTED IN GOVERNMENT SECURITIES AND HIGH-GRADE PRIME INVESTMENT OUTLETS, YOUR PRINCIPAL AND EARNINGS FROM INVESTMENT IN THE FUNDS CAN BE LOST IN WHOLE OR IN PART WHEN THE NAVPU AT THE TIME OF REDEMPTION IS LOWER THAN THE NAVPU AT THE TIME OF PARTICIPATION. GAINS FROM INVESTMENT IN THE UITFS ARE REALIZED WHEN THE NAVPU AT THE TIME OF REDEMPTION IS HIGHER THAN THE NAVPU AT THE TIME OF PARTICIPATION. Your investment in any security through BDO-Trust s various investment vehicles, segregated portfolios and in UITFs exposes you to the various types of risks enumerated and defined hereunder: Interest Rate Risk. This is the possibility for an investor to experience losses due to changes in interest rates. The purchase and sale of a debt instrument may result in profit or loss because the value of a debt instrument changes inversely with prevailing interest rates. Investment in fixed income securities through BDO-Trust s various investment vehicles, Investors with direct investments in securities through BDO-Trust s various investment vehicles or segregated portfolios and UITF participants are faced with the risk of not being able to reinvest maturing securities in their investment portfolios with good or better alternative investment outlets. Similarly, UITF participants who redeem and realize their gains run the risk of reinvesting their funds in an alternative investment outlet with lower yields.. This is the possibility for an investor to experience losses brought about by the inherent risks which the underlying investment is exposed to despite the use of a hedging instrument. Hedging is the act of reducing the exposure of the underlying investment from its risks. interest rates rise, bond prices fall and when interest rates decline, bond prices rise. This has an impact on direct investment in fixed income securities especially if the same is not held until it matures and in the case of UITFs, as the prices of bonds in a Fund adjust to a rise in interest rates, the Fund s NAVpu may decline. Market/Price Risk. This is the possibility for an investor to experience losses due to changes in market prices of securities (e.g., bonds and equities). It is the exposure to the uncertain market value of a portfolio due to price fluctuations. The value of investments fluctuates over a given time period because of general market conditions, economic changes or other events that impact large portions of the market such as political events, natural calamities, etc. Fixed income securities, which are not held until they mature, are subject to this risk. In the case of UITFs, the Fund may gain/ lose due to increase/decline in security prices, which may sometimes happen rapidly or unpredictably, hence, the NAVpu may increase to make profit or decrease to incur loss. Liquidity Risk. This is the possibility for an investor to experience losses due to the inability to sell or convert assets into cash immediately or in instances where conversion trading in securities with small or few outstanding issues, absence of buyers, limited buy/sell activity or an underdeveloped capital market. Securities in various investment vehicles, segregated portfolios and UITFs may be which may prevent the redemption of investments until they are converted to cash. Even government securities which are the most liquid of fixed income securities may be subjected to liquidity risk particularly if a sizeable volume is involved. Credit Risk/Default Risk. This is the possibility for an investor to experience losses due to a borrower s failure to pay the principal and/or interest in a timely manner on instruments such as bonds, loans, or other forms of security, which the borrower issued. This inability of the borrower to make good on its financial obligations may have resulted from adverse changes in its financial condition thus, lowering credit quality of the security, and consequently lowering the price (market/price risk) which, contributes on a contract to deliver its obligation either in cash or securities. For securities in investment vehicles, segregated portfolios and UITFs, this is the risk of losing value in the portfolios in the event that the borrower defaults on his obligation or in the case of a counterparty, when it fails to deliver on the agreed trade. This decline in the value of the portfolios happens because the default/failure will make underlying investment should normally move in opposite directions. shall remain throughout the term of the underlying investment. Should the hedging market losses. In case of a foreign currency-denominated security or a peso-denominated fund that is allowed to invest in securities denominated in currencies other than its base currency, the segregated portfolio and the fund are also exposed to the following risks: Foreign Exchange Risk. This is the possibility for an investor to experience losses due to fluctuations in foreign exchange rates. The exchange rates depend upon a variety of global and local factors, e.g., interest rates, economic performance, and political developments. It is the risk of a security to currency fluctuations when the value of investments in securities denominated in currencies other than the base currency of the security depreciates. Conversely, it is the risk of the security to lose value when the base currency of the security appreciates. The NAVpu of a peso-denominated UITF invested in foreign currency-denominated securities may decrease to incur loss when the peso appreciates. Country Risk. This is the possibility for an investor to experience losses arising from investments in securities issued by/in foreign countries due to the political, economic and social structures of such countries. There are risks in foreign investments due to the possible internal and external conflicts, currency devaluations, foreign ownership predict but must be taken into account in making such investments. Likewise, brokerage commissions and other fees may be higher in foreign securities. Government supervision and regulation of foreign stock exchanges, currency markets, trading systems and brokers may be less than those in the Philippines. The procedures and rules governing foreign transactions and custody of securities may also involve delays in payment, delivery or recovery of investments. Reinvestment Risk. This is the risk associated with the possibility of having lower returns or earnings when maturing funds or the interest earnings of funds are reinvested. Other Risks. Your investment in securities through BDO-Trust s various investment vehicles, segregated portfolios and/or participation in the UITFs may be further exposed to the risk of any actual or potential conflicts of interest in the handling of inhouse or related party transactions by BDO-Trust. These transactions may include ownmanaged accounts. TRUST, INVESTMENT MANAGEMENT, AGENCY, FIDUCIARY ACCOUNTS AND UITFS ARE NOT DEPOSIT ACCOUNTS BUT ARE PRODUCTS OF TRUST ENTITIES. IN AGREEING TO INVEST IN SAID PRODUCTS/PARTICIPATE IN A UITF, AN INVESTOR/PARTICIPANT IS MAKING AN INVESTMENT AND NOT A DEPOSIT AND SUCH INVESTMENT IS THEREFORE NOT INSURED NOR GOVERNED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC). BDO S TRUST, INVESTMENT MANAGEMENT, AGENCY, FIDUCIARY ACCOUNTS AND UITFS ARE ALSO NOT GUARANTEED NOR INSURED BY BDO UNIBANK, INC., ITS AFFILIATES OR SUBSIDIARIES. ANY INCOME/LOSS IN SUCH INVESTMENTS ARE FOR THE ACCOUNT OF THE PARTICIPANT/INVESTOR. BDO-TRUST IS NOT LIABLE FOR LOSSES UNLESS THERE IS WILFUL DEFAULT, BAD FAITH OR GROSS NEGLIGENCE ON ITS PART. Bank Copy VER. 0-05

7 Declaration of Investor/s I, (Profiled Investor / Authorized Signatory), hereby declare that I have read, understood and personally and voluntarily accomplished the entire IPQ/CSA and that the answers I have given therein are accurate and complete. I will formally notify the BDO marketing personnel of changes to my personal or my financial situation and preferences that would change my risk profile and investment objectives. I understand that in case of such changes, it is my sole responsibility to make such notification to BDO and my failure to do so would be deemed a waiver of my right to a new IPQ/CSA. After reading and fully understanding and evaluating the CIS/IPS, I/we voluntarily invest/participate in the BDO UITF/s which I/we believe suit/s my/our investment objectives, risk appetite and cash requirements regardless of the result of my/our IPQ/CSA. If investment in said UITFs is inconsistent with the results of my/our IPQ/CSA, I/we also hereby waive such results. I/WE LIKEWISE DECLARE THAT I/WE COMPLETELY READ, FULLY UNDERSTOOD AND RECEIVED A COPY OF THE ENTIRE RISK DISCLOSURE STATEMENT AND THE SAME WAS CLEARLY EXPLAINED TO ME/US BY A BDO UNIBANK, INC. MARKETING PERSONNEL BEFORE I/WE AFFIXED MY/OUR SIGNATURE/S HEREIN. I/WE HEREBY VOLUNTARILY AND WILLINGLY AGREE TO COMPLY WITH ANY AND ALL APPLICABLE LAWS, REGULATIONS, THE PLAN RULES, TERMS AND CONDITIONS AS MAY BE AMENDED FROM TIME TO TIME, GOVERNING MY/OUR INVESTMENT IN THE BDO-TRUST S VARIOUS INVESTMENT VEHICLES AND SEGREGATED PORTFOLIOS, UITFS AND THE SECURITIES THEY MAY INVEST IN. Signature of Profiled Investor/Authorized Signatory Signature of Co-Investor/Authorized Signatory over Printed Name**/ Date Signature of Co-Investor/Authorized Signatory over Printed Name**/ Date Signature of Co-Investor/Authorized Signatory over Printed Name**/ Date Signature of Co-Investor/Authorized Signatory over Printed Name**/ Date **Signature of a Co-Investor / Authorized Signatory in this portion shall mean a confirmation that the IPQ/CSA results of the Profiled Investor / Authorized Signatory shall be used as the basis/reference for the investments of the account/s opened/ to be opened. NOTICE TO CLIENTS. INVESTMENT IN A PRODUCT/PORTFOLIO/STRATEGY WHICH IS INCONSISTENT WITH CLIENT S CSA RESULTS Choosing to avail of another investment product/portfolio/strategy which is inconsistent with one s CSA results may result to loss of certain protections provided by regulations and exposure to higher risks. Clients in this category are required to submit a Waiver for Clients Investing in Product/Portfolio/Strategy with Higher Risks, a form available at the branches.. INVESTMENT IN A PRODUCT/PORTFOLIO/STRATEGY WITH LOWER RISKS A client may invest in a product/portfolio/strategy falling within or below one s stated personal investment risk profile. Any investment to be made shall be in accordance with the client s personal investment preference and/or direction. Any and all losses, damages, costs and expenses, including loss of possible profit that may be incurred by the client as a result of the client s decision to invest in a product/portfolio/strategy with lower risks shall be solely for his own account. The client likewise holds BDO free and harmless from any and all liabilities, claims and actions that may result from the client s decision to invest in such product /portfolio/strategy with lower risks. For BDO Authorized Signatories Only I have explained in detail and discussed with the client the. results of the IPQ/CSA;. basis of my recommendation/s; and. basic terms and conditions of the recommended investment instruments/vehicles specified in the CIS. I likewise acknowledge that I have () advised the client to read the Risk Disclosure Statement, () encouraged the client/s to ask questions on matters contained in the Risk Disclosure Statement, and () fully explained the same to the client. Administered / Assessed By: Acknowledged / Reviewed By: Signature over Printed Name/Position of Branch Personnel / Date (If applicable only) The UITF Product the client has chosen to invest in was further explained and discussed in detail by: Name of Trust MO Date of call Time of call VER. 0-05

8 Waiver for Clients Investing in Product/Portfolio/Strategy with Higher Risks (To be accomplished only by clients investing in UITFs with higher risks than those consistent with CSA results) I/We do not agree with the recommendation of BDO-Trust on the investment product/portfolio/strategy appropriate to my/our profile based on the results of the client suitability assessment (CSA). I/We hereby waive such results and have decided to avail instead of another investment product/portfolio/strategy which has risks higher than those which are consistent with the results of the CSA. I/We fully understand that I/we am/are taking more risks in exchange for potentially higher returns from the investment product/ portfolio/ strategy that I/we shall avail of. I/we expressly agree to assume such higher risks. losses, damages, costs and expenses which may result from my/our decision to avail of the investment product/portfolio/strategy with higher risks. Signature of Profiled Investor/Authorized Signatory Signature of Co-Investor/Authorized Signatory Signature of Co-Investor/Authorized Signatory Signature of Co-Investor/Authorized Signatory Signature of Co-Investor/Authorized Signatory Signature of Co-Investor/Authorized Signatory For BDO Authorized Signatories Only Administered / Assessed By: Acknowledged / Reviewed By: Signature over Printed Name/Position of Branch Personnel / Date VER. 0-05

9 For New UITF Participants Only Bank Copy BDO Unibank, Inc. - Trust and Investments Group Unit Investment Trust Funds Omnibus Participating Trust Agreement The undersigned Participant/s, as TRUSTOR (regardless of number), through this Omnibus Participating Trust Agreement (the Agreement ), hereby agrees to participate in the BDO Unit Investment Trust Fund/s he has duly selected in his Client Investment Suitability (CIS) /Investment Policy Statement (IPS) (the Fund/s ) established and administered by BDO Unibank, Inc. Trust and Investments Group (the TRUSTEE ). It is expressly understood and agreed that this Agreement is subject to, and does not amend, modify or limit, the respective Fund/s Declaration/s of Trust (the Plan Rules ). As such, the TRUSTOR hereby explicitly acknowledges having read and fully understood the Plan Rules pertaining to his investment/s and is amenable to all the terms and conditions contained therein. The TRUSTOR also confirms that the Fund/s is/are suitable to his investment requirements. The TRUSTOR and the TRUSTEE likewise agree as follows:. Participation and Redemption Participation in the Fund/s and redemption of such participation shall be allowed only on the basis of the net asset value of each participation unit (the NAVPU ) determined in accordance with the applicable Plan Rules. The TRUSTOR s investment in each Fund shall be expressed in terms of number of units of participation as appearing in the TRUSTOR s evidence of participation. As his participation, the TRUSTOR shall transfer, convey and pay unto the TRUSTEE, such amount representing the value of the units as indicated in the TRUSTOR s evidence of participation, in the currency likewise indicated therein. The TRUSTOR may redeem his participation in a Fund by surrendering his relevant evidence of participation to the TRUSTEE. Alternatively, other means of redemption notice may be honored, provided they are allowed under the TRUSTEE s policy. Participation and redemption shall be allowed only at such frequency or at such times as provided in the applicable Plan Rules.. Client Suitability Prior to the acceptance of participation, the TRUSTEE shall perform client suitability, through Client Suitability Assessment forms, which shall be acknowledged and signed by the TRUSTOR.. Disclosure of Risks The TRUSTOR confirms that he has read and understood the Risk Disclosure Statement prior to executing and agreeing to be bound by this Agreement.. Joint Trustor Accounts Designation of a joint account as an AND, OR or AND/OR account shall be made by all the holders of the said joint account who shall be co- TRUSTORS. In case of AND accounts, all instructions in connection with the operation of the account including redemptions therefrom must be signed or authorized by all 5. Administration and Investment of Each Fund Each Fund, which is the pool of trust funds from the participating trustors thereof, shall be managed, administered and invested by the TRUSTEE under the operation of the applicable Plan Rules. 6. Disclosure of Investment Outlets The TRUSTEE shall make available for the information of any interested participant a list of prospective and outstanding investment outlets for each Fund, which list shall be updated quarterly. 7. Compensation As compensation for the TRUSTEE s services, it shall be entitled to a compensation as provided in the applicable Plan Rules. 8. Liability of TRUSTEE Save that attributable to the TRUSTEE s fraud, willful default, evident bad faith or gross negligence, the TRUSTEE shall not be liable for any loss or depreciation in the value of the Fund/s or in the value of the TRUSTOR s units of participation in the Fund/s arising from any act done by the TRUSTEE pursuant to the terms hereof and the applicable Plan Rules. Neither shall the TRUSTEE be liable for refraining to do any act where such inaction in the good faith judgement of the TRUSTEE is necessary and appropriate for the proper and advantageous administration and management of the Fund/s. 9. Amendments - This Agreement shall be deemed automatically modified as and when the Plan Rules are amended by the TRUSTEE in order to comply with applicable laws and/or Bangko Sentral ng Pilipinas regulations and for such other purposes as may be deemed proper by the TRUSTEE. 0. Term of Agreement This Agreement shall continue and remain in force until the termination of the Fund/s in accordance with the Plan Rules or with laws or regulations then existing.. Reference Documents The terms and conditions in the Plan Rules, Risk Disclosure Statement, client suitability test, the evidence of participation are incorporated herein by reference, restated herein and shall form an integral part hereof. In executing this Agreement, the TRUSTOR represents that he has carefully read and fully understood the same documents and that he has agreed to be bound by all the terms and conditions thereof. In case of inconsistencies, the provisions of the Plan Rules shall prevail over those of this Agreement and the other reference documents.. Evidence of Participation Contributions of the TRUSTOR into any of the Funds shall be evidenced by a separate Confirmation of Participation or Statement of Account, which is issued by the TRUSTEE for this purpose. Any evidence of participation is non-negotiable and serves only to confirm the units purchased as of its date. The possession of the original copy of any evidence of participation does not constitute proof that the units appearing therein remain outstanding. The TRUSTOR s outstanding units shall be based on the books and records of the TRUSTEE. The TRUSTEE reserves the right to require the prior surrender of any evidence of participation upon redemption of units. Notwithstanding the requirement for surrender, mere possession of the evidence of participation shall not be presumed or deemed as proof of non-payment of the participation.. The TRUSTOR acknowledges that the Fund/s are trust products and are NOT deposit accounts nor obligations of, nor guaranteed, nor insured by BDO Unibank, Inc. or its of return and any income or loss arising from market fluctuations and price volatility of the securities held by the Fund, including investments in government securities, is for the TRUSTOR s account. The units of participation in a Fund, when redeemed, may be worth more or less than the TRUSTOR s initial investment. Historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future results. The TRUSTEE is not liable for losses, unless there is fraud, willful default, evident bad faith or gross negligence on its part. AGREED AND ACCEPTED: For and in behalf of BDO UNIBANK, INC. TRUST AND INVESTMENTS GROUP: Signature over Printed Name of Branch Head / Date Bank Copy VER. 0-05

10 For New UITF Participants Only BDO Unibank, Inc. - Trust and Investments Group Unit Investment Trust Funds Omnibus Participating Trust Agreement The undersigned Participant/s, as TRUSTOR (regardless of number), through this Omnibus Participating Trust Agreement (the Agreement ), hereby agrees to participate in the BDO Unit Investment Trust Fund/s he has duly selected in his Client Investment Suitability (CIS) /Investment Policy Statement (IPS) (the Fund/s ) established and administered by BDO Unibank, Inc. Trust and Investments Group (the TRUSTEE ). It is expressly understood and agreed that this Agreement is subject to, and does not amend, modify or limit, the respective Fund/s Declaration/s of Trust (the Plan Rules ). As such, the TRUSTOR hereby explicitly acknowledges having read and fully understood the Plan Rules pertaining to his investment/s and is amenable to all the terms and conditions contained therein. The TRUSTOR also confirms that the Fund/s is/are suitable to his investment requirements. The TRUSTOR and the TRUSTEE likewise agree as follows:. Participation and Redemption Participation in the Fund/s and redemption of such participation shall be allowed only on the basis of the net asset value of each participation unit (the NAVPU ) determined in accordance with the applicable Plan Rules. The TRUSTOR s investment in each Fund shall be expressed in terms of number of units of participation as appearing in the TRUSTOR s evidence of participation. As his participation, the TRUSTOR shall transfer, convey and pay unto the TRUSTEE, such amount representing the value of the units as indicated in the TRUSTOR s evidence of participation, in the currency likewise indicated therein. The TRUSTOR may redeem his participation in a Fund by surrendering his relevant evidence of participation to the TRUSTEE. Alternatively, other means of redemption notice may be honored, provided they are allowed under the TRUSTEE s policy. Participation and redemption shall be allowed only at such frequency or at such times as provided in the applicable Plan Rules.. Client Suitability Prior to the acceptance of participation, the TRUSTEE shall perform client suitability, through Client Suitability Assessment forms, which shall be acknowledged and signed by the TRUSTOR.. Disclosure of Risks The TRUSTOR confirms that he has read and understood the Risk Disclosure Statement prior to executing and agreeing to be bound by this Agreement.. Joint Trustor Accounts Designation of a joint account as an AND, OR or AND/OR account shall be made by all the holders of the said joint account who shall be co- TRUSTORS. In case of AND accounts, all instructions in connection with the operation of the account including redemptions therefrom must be signed or authorized by all 5. Administration and Investment of Each Fund Each Fund, which is the pool of trust funds from the participating trustors thereof, shall be managed, administered and invested by the TRUSTEE under the operation of the applicable Plan Rules. 6. Disclosure of Investment Outlets The TRUSTEE shall make available for the information of any interested participant a list of prospective and outstanding investment outlets for each Fund, which list shall be updated quarterly. 7. Compensation As compensation for the TRUSTEE s services, it shall be entitled to a compensation as provided in the applicable Plan Rules. 8. Liability of TRUSTEE Save that attributable to the TRUSTEE s fraud, willful default, evident bad faith or gross negligence, the TRUSTEE shall not be liable for any loss or depreciation in the value of the Fund/s or in the value of the TRUSTOR s units of participation in the Fund/s arising from any act done by the TRUSTEE pursuant to the terms hereof and the applicable Plan Rules. Neither shall the TRUSTEE be liable for refraining to do any act where such inaction in the good faith judgement of the TRUSTEE is necessary and appropriate for the proper and advantageous administration and management of the Fund/s. 9. Amendments - This Agreement shall be deemed automatically modified as and when the Plan Rules are amended by the TRUSTEE in order to comply with applicable laws and/or Bangko Sentral ng Pilipinas regulations and for such other purposes as may be deemed proper by the TRUSTEE. 0. Term of Agreement This Agreement shall continue and remain in force until the termination of the Fund/s in accordance with the Plan Rules or with laws or regulations then existing.. Reference Documents The terms and conditions in the Plan Rules, Risk Disclosure Statement, client suitability test, the evidence of participation are incorporated herein by reference, restated herein and shall form an integral part hereof. In executing this Agreement, the TRUSTOR represents that he has carefully read and fully understood the same documents and that he has agreed to be bound by all the terms and conditions thereof. In case of inconsistencies, the provisions of the Plan Rules shall prevail over those of this Agreement and the other reference documents.. Evidence of Participation Contributions of the TRUSTOR into any of the Funds shall be evidenced by a separate Confirmation of Participation or Statement of Account, which is issued by the TRUSTEE for this purpose. Any evidence of participation is non-negotiable and serves only to confirm the units purchased as of its date. The possession of the original copy of any evidence of participation does not constitute proof that the units appearing therein remain outstanding. The TRUSTOR s outstanding units shall be based on the books and records of the TRUSTEE. The TRUSTEE reserves the right to require the prior surrender of any evidence of participation upon redemption of units. Notwithstanding the requirement for surrender, mere possession of the evidence of participation shall not be presumed or deemed as proof of non-payment of the participation.. The TRUSTOR acknowledges that the Fund/s are trust products and are NOT deposit accounts nor obligations of, nor guaranteed, nor insured by BDO Unibank, Inc. or its of return and any income or loss arising from market fluctuations and price volatility of the securities held by the Fund, including investments in government securities, is for the TRUSTOR s account. The units of participation in a Fund, when redeemed, may be worth more or less than the TRUSTOR s initial investment. Historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future results. The TRUSTEE is not liable for losses, unless there is fraud, willful default, evident bad faith or gross negligence on its part. AGREED AND ACCEPTED: For and in behalf of BDO UNIBANK, INC. TRUST AND INVESTMENTS GROUP: Signature over Printed Name of Branch Head / Date Client Copy VER. 0-05

11 Risk Disclosure Statement (RDS) Client Copy Prior to making an investment through BDO Unibank, Inc. - Trust and Investments Group s (BDO-Trust) various investment vehicles, segregated portfolios, BDO-Trust s Unit Investment Trust Funds (UITFs) and in the securities they may invest in, BDO-Trust is hereby informing you of the risks involved in investing in such securities/investment vehicles/ nature of the securities/investment vehicles/segregated portfolios/uitfs you will be investing in and the extent of your exposure to risks;. read this Risk Disclosure Statement completely; and. independently determined that investment in said securities/investment vehicles/segregated portfolios/uitfs is appropriate for you. There are risks involved in investing in various securities because the value of your investment may fluctuate depending on market circumstances. For UITFs in particular, the value of your investment is based on the Net Asset Value per unit (NAVpu) of the Fund, which uses a marked-to-market valuation and therefore may fluctuate daily. [The NAVpu is computed by dividing the Net Asset Value (NAV) of the Fund by the number of outstanding units]. The NAV is derived from the summation of the market value of the underlying securities of the Fund plus accrued interest income less liabilities and qualified expenses. INVESTMENT IN ANY SECURITY DOES NOT PROVIDE GUARANTEED RETURNS, ESPECIALLY IF IT WILL NOT BE HELD UNTIL IT MATURES AND THUS, WILL BE SUBJECT TO PREVAILING MARKET PRICES. EVEN FOR UITFS THAT ARE INVESTED IN GOVERNMENT SECURITIES AND HIGH-GRADE PRIME INVESTMENT OUTLETS, YOUR PRINCIPAL AND EARNINGS FROM INVESTMENT IN THE FUNDS CAN BE LOST IN WHOLE OR IN PART WHEN THE NAVPU AT THE TIME OF REDEMPTION IS LOWER THAN THE NAVPU AT THE TIME OF PARTICIPATION. GAINS FROM INVESTMENT IN THE UITFS ARE REALIZED WHEN THE NAVPU AT THE TIME OF REDEMPTION IS HIGHER THAN THE NAVPU AT THE TIME OF PARTICIPATION. Your investment in any security through BDO-Trust s various investment vehicles, segregated portfolios and in UITFs exposes you to the various types of risks enumerated and defined hereunder: Interest Rate Risk. This is the possibility for an investor to experience losses due to changes in interest rates. The purchase and sale of a debt instrument may result in profit or loss because the value of a debt instrument changes inversely with prevailing interest rates. Investment in fixed income securities through BDO-Trust s various investment vehicles, Investors with direct investments in securities through BDO-Trust s various investment vehicles or segregated portfolios and UITF participants are faced with the risk of not being able to reinvest maturing securities in their investment portfolios with good or better alternative investment outlets. Similarly, UITF participants who redeem and realize their gains run the risk of reinvesting their funds in an alternative investment outlet with lower yields.. This is the possibility for an investor to experience losses brought about by the inherent risks which the underlying investment is exposed to despite the use of a hedging instrument. Hedging is the act of reducing the exposure of the underlying investment from its risks. interest rates rise, bond prices fall and when interest rates decline, bond prices rise. This has an impact on direct investment in fixed income securities especially if the same is not held until it matures and in the case of UITFs, as the prices of bonds in a Fund adjust to a rise in interest rates, the Fund s NAVpu may decline. Market/Price Risk. This is the possibility for an investor to experience losses due to changes in market prices of securities (e.g., bonds and equities). It is the exposure to the uncertain market value of a portfolio due to price fluctuations. The value of investments fluctuates over a given time period because of general market conditions, economic changes or other events that impact large portions of the market such as political events, natural calamities, etc. Fixed income securities, which are not held until they mature, are subject to this risk. In the case of UITFs, the Fund may gain/ lose due to increase/decline in security prices, which may sometimes happen rapidly or unpredictably, hence, the NAVpu may increase to make profit or decrease to incur loss. Liquidity Risk. This is the possibility for an investor to experience losses due to the inability to sell or convert assets into cash immediately or in instances where conversion trading in securities with small or few outstanding issues, absence of buyers, limited buy/sell activity or an underdeveloped capital market. Securities in various investment vehicles, segregated portfolios and UITFs may be which may prevent the redemption of investments until they are converted to cash. Even government securities which are the most liquid of fixed income securities may be subjected to liquidity risk particularly if a sizeable volume is involved. Credit Risk/Default Risk. This is the possibility for an investor to experience losses due to a borrower s failure to pay the principal and/or interest in a timely manner on instruments such as bonds, loans, or other forms of security, which the borrower issued. This inability of the borrower to make good on its financial obligations may have resulted from adverse changes in its financial condition thus, lowering credit quality of the security, and consequently lowering the price (market/price risk) which, contributes on a contract to deliver its obligation either in cash or securities. For securities in investment vehicles, segregated portfolios and UITFs, this is the risk of losing value in the portfolios in the event that the borrower defaults on his obligation or in the case of a counterparty, when it fails to deliver on the agreed trade. This decline in the value of the portfolios happens because the default/failure will make underlying investment should normally move in opposite directions. shall remain throughout the term of the underlying investment. Should the hedging market losses. In case of a foreign currency-denominated security or a peso-denominated fund that is allowed to invest in securities denominated in currencies other than its base currency, the segregated portfolio and the fund are also exposed to the following risks: Foreign Exchange Risk. This is the possibility for an investor to experience losses due to fluctuations in foreign exchange rates. The exchange rates depend upon a variety of global and local factors, e.g., interest rates, economic performance, and political developments. It is the risk of a security to currency fluctuations when the value of investments in securities denominated in currencies other than the base currency of the security depreciates. Conversely, it is the risk of the security to lose value when the base currency of the security appreciates. The NAVpu of a peso-denominated UITF invested in foreign currency-denominated securities may decrease to incur loss when the peso appreciates. Country Risk. This is the possibility for an investor to experience losses arising from investments in securities issued by/in foreign countries due to the political, economic and social structures of such countries. There are risks in foreign investments due to the possible internal and external conflicts, currency devaluations, foreign ownership predict but must be taken into account in making such investments. Likewise, brokerage commissions and other fees may be higher in foreign securities. Government supervision and regulation of foreign stock exchanges, currency markets, trading systems and brokers may be less than those in the Philippines. The procedures and rules governing foreign transactions and custody of securities may also involve delays in payment, delivery or recovery of investments. Reinvestment Risk. This is the risk associated with the possibility of having lower returns or earnings when maturing funds or the interest earnings of funds are reinvested. Other Risks. Your investment in securities through BDO-Trust s various investment vehicles, segregated portfolios and/or participation in the UITFs may be further exposed to the risk of any actual or potential conflicts of interest in the handling of inhouse or related party transactions by BDO-Trust. These transactions may include ownmanaged accounts. TRUST, INVESTMENT MANAGEMENT, AGENCY, FIDUCIARY ACCOUNTS AND UITFS ARE NOT DEPOSIT ACCOUNTS BUT ARE PRODUCTS OF TRUST ENTITIES. IN AGREEING TO INVEST IN SAID PRODUCTS/PARTICIPATE IN A UITF, AN INVESTOR/PARTICIPANT IS MAKING AN INVESTMENT AND NOT A DEPOSIT AND SUCH INVESTMENT IS THEREFORE NOT INSURED NOR GOVERNED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC). BDO S TRUST, INVESTMENT MANAGEMENT, AGENCY, FIDUCIARY ACCOUNTS AND UITFS ARE ALSO NOT GUARANTEED NOR INSURED BY BDO UNIBANK, INC., ITS AFFILIATES OR SUBSIDIARIES. ANY INCOME/LOSS IN SUCH INVESTMENTS ARE FOR THE ACCOUNT OF THE PARTICIPANT/INVESTOR. BDO-TRUST IS NOT LIABLE FOR LOSSES UNLESS THERE IS WILFUL DEFAULT, BAD FAITH OR GROSS NEGLIGENCE ON ITS PART. Client Copy VER. 0-05