BPI ASSET MANAGEMENT AND TRUST CORPORATION Trustee Fees

BPI ASSET MANAGEMENT AND TRUST CORPORATION Trustee Fees: 1. 00% ODYSSEY PESO MEDIUM-TERM BOND FUND KEY INFORMATION AND INVESTMENT DISCLOSURE STATEMENT As of August 28, 2020 FUND FACTS Classification: Medium Term Bond Fund NAVPU: Launch Date: October 1, 2007 Total Fund NAV (Mn): Minimum Investment: Php 10, 000. 00 Dealing Day: Additional Investment: Php 5, 000. 00 Redemption Settlement: Minimum Holding Period: None Early Redemption Charge: FEES* Custodianship Fees: 0. 0095% BPI Asset Management HSBC *As a percentage of average *Billings for 2018 divided by the daily NAV for the quarter valued average daily NAV at Php 4, 176. 64 Million INVESTMENT OBJECTIVE AND STRATEGY Php 144. 63 Php 4, 203. 14 Daily up to 2: 30 PM T+1 End-of-Day None External Auditor Fees: 0. 0194% Isla Lipana *Billings for 2017 divided by the average daily NAV Other Fees: 0% None The Fund aims to generate income by investing in a diversified portfolio of Peso denominated sovereign and corporate debt securities. The Fund aims to outperform its benchmark which is the BPI Philippine Government Bond 1 -5 Year Index. CLIENT SUITABILITY A client profiling process shall be performed prior to participating in the Fund to guide the prospective investor if the Fund is suited to his/her investment objectives and risk tolerance. Clients are advised to read the Declaration of Trust / Plan Rules of the Fund, which may be obtained from the Trustee, before deciding to invest. The Odyssey Peso Medium Term Fund is suitable only for investors who: • Are at least classified as moderately aggressive based on their risk profile • Have an investment horizon of at least three (3) years KEY RISKS AND RISK MANAGEMENT You should not invest in this Fund if you do not understand or are not comfortable with the accompanying risks. The fund invests in a medium term portfolio of domestic government and corporate securities, exposing investors to Interest Rate the risk of loss arising from a rise in interest rates, which generally causes fixed income security prices to decline. Risk: Factors/ events that may lead to a rise interest rates include adverse market conditions, issuer-specific factors/ events and/ or negative developments in domestic political and economic conditions. Liquidity Risk: Investors are exposed to the risk of loss due to the fund’s inability to convert security holdings to cash immediately or in instances where conversion to cash is possible but at a highly disadvantageous price due to limited buyers/ sellers in the market, low trading volumes or market disruptions, among other reasons/ factors. Investors are exposed to the risk of loss due to the failure of the borrower/ debt issuer to make timely interest and/ Credit/ or principal payments on its deposit liabilities, loans, bonds or other debt instruments due to a deterioration in the Default Risk: borrower’s/ issuer’s financial condition or external factors and events that may affect its ability to repay financial obligations such as negative developments in domestic political and economic conditions. Investors are exposed to actual or potential conflicts of interest in the handling of related party transactions by the Related Party Trustee, specifically, time deposit placements with the Trustee’s own bank and/ or its subsidiary, purchase of debt Risk: securities issued by related parties, as well as the execution of trade transactions with related counterparties. In accordance with the provisions in the Declaration of Trust, the Fund employs a risk management policy based on duration. The Fund may also use financial derivatives to hedge the portfolio against market and credit risks. • THE UIT FUND IS NOT A DEPOSIT AND IS NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORP. (PDIC). • RETURNS CANNOT BE GUARANTEED AND HISTORICAL NAVPU IS FOR ILLUSTRATION OF NAVPU MOVEMENTS/ FLUCTUATIONS ONLY. • WHEN REDEEMING, THE PROCEEDS MAY BE WORTH LESS THAN THE ORIGINAL INVESTMENT AND ANY LOSSES SHALL BE SOLELY FOR THE ACCOUNT OF THE CLIENT. • THE TRUSTEE IS NOT LIABLE FOR ANY LOSS UNLESS UPON WILLFUL DEFAULT, BAD FAITH OR GROSS NEGLIGENCE. For more information, you may contact us at (632) 8580 -AMTC (2682), email us at bpi_asset_management@bpi. com. ph or visit our website, www. bpiassetmanagement. com.

FUND PERFORMANCE AND STATISTICS AS OF AUGUST 28, 2020 (Purely for reference purposes and is not a guarantee of future results) NAVPU GRAPH NAVPU over the past 12 months Fund Highest 145. 16 185 180 Lowest 135. 29 Benchmark 175 170 165 STATISTICS 160 Weighted Ave Duration (Yrs) 3. 00 155 3 150 Volatility, Past 1 Year (%) 3. 41 145 Sharpe Ratio 4 1. 12 140 5 Information Ratio -1. 93 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 *Benchmark is the BPI Philippine Government Bond 1 -5 Year Index Portfolio Weighted Yield to Maturity (%) 2. 16 CUMULATIVE PERFORMANCE (%) ¹ Current Number of Holdings 30 1 mo 3 mos 6 mos 1 YR 3 YRS S. I. 2 1 Returns are net of fees. Fund -0. 06 1. 09 4. 28 6. 01 14. 60 70. 55 Benchmark -0. 04 1. 24 5. 00 6. 90 16. 71 81. 24 2 Sinception. ANNUALIZED PERFORMANCE (%) ¹ 3 Measures the degree to which the Fund fluctuates vis-à 1 YR 2 YRS 3 YRS 4 YRS 5 YRS S. I. 2 vis its average return over a period of time. Fund 6. 01 7. 22 4. 65 3. 37 3. 42 4. 22 4 Used to characterize how well the return of a Fund Benchmark 6. 90 7. 40 5. 29 4. 12 4. 15 4. 71 compensates the investor for the level of risk taken. The CALENDAR YEAR PERFORMANCE (%) ¹ YTD 2019 2018 2017 2016 2015 higher the number, the better. Fund 4. 79 10. 60 -1. 27 1. 26 2. 18 0. 90 5 Measures reward-to-risk efficiency of the portfolio Benchmark 5. 33 11. 27 -0. 68 2. 49 2. 80 1. 33 relative to the benchmark. The higher the number, the higher the reward per unit of risk. PORTFOLIO COMPOSITION 6 Includes accrued income, investment securities Allocation % of Fund purchased, accrued expenses, etc. Government 64. 67 *Declaration of Trust is available upon request through Corporates 26. 71 branch of account. Cash 0. 25 Time deposits and money market 7. 61 TOP TEN HOLDINGS 6 Other receivables - net of liabilities Maturity % of Fund 0. 76 Name Maturity Profile Retail Treasury Bond 03/12/2024 25. 04 Cash and less than 1 year 08/12/2025 14. 25 10. 43 Retail Treasury Bond Between 1 and 3 years 02/14/2026 9. 94 30. 30 Fixed Rate Treasury Note Between 3 and 5 years 02/11/2023 7. 44 49. 34 Retail Treasury Bond Between 5 and 7 years 03/25/2025 5. 39 9. 94 SM Prime Holdings, Inc. Between 7 and 10 years - Fixed Rate Treasury Note 07/04/2022 2. 86 More than 10 years - RCBC 07/27/2022 2. 39 Portfolio Weightings Security Bank 07/24/2022 2. 38 Philippine Corporate Bonds Time Deposit 26. 71 2. 38 Philippine Sovereign Bonds Time Deposit 64. 67 2. 38 RELATED PARTY TRANSACTIONS The Fund has transactions and outstanding investments including deposits, investment in the share/s of the stocks, and/or debt issuances of the following companies related to BPI Asset Management and Trust Corporation (BPI AMTC): Ayala Corp. – Php 1. 05 Mn, BPI Direct Banko, Inc. – Php 50. 00 Mn, Bank of the Philippine Islands – Php 50. 03 Mn Investments in the said outlets were approved by the BPI AMTC’s Board of Directors. Likewise, all related party transactions are conducted on an arm's length * Related party in accordance with BPI AMTC's internal policy.

OUTLOOK AND STRATEGY Market Review. The BPI Government Bond Index returned 0. 19% for the month of August with benchmark government yields flat, rising an average of 1 basis point (bp). The yield curve flattened, with benchmark yields in the long end of the curve falling with greater magnitude than the coincident increase in short-term benchmark yields. Daily trading volumes rose to PHP 29. 4 bn, with the new 5 -year RTB 5 -13 and 10 -year FXTN 10 -65 securities seeing the highest trading volumes over the month. The Bureau of the Treasury (BTr) held two FXTN auctions in August, with PHP 30 bn on offer for each of the new 10 -year FXTN 10 -65 security, first issued in July, and a reissuance of the 13 -year FXTN 20 -20. The reissuance of FXTN 10 -65 saw moderate demand, with bids totaling PHP 54. 73 bn, and was fully awarded at an average yield of 2. 724%— 3 bps lower than the average yield it was awarded in its July issuance, with a PHP 10 -bn tap opened and fully awarded in the afternoon of the auction. However, the second auction saw all bids for the FXTN 20 -20 reissuance rejected, despite receiving PHP 46. 92 bn-worth of bids. Additionally, mid-month, the BTr issued a new 5 -year retail treasury bond, RTB 5 -13. The issuance was one of the largest local single-security issuances; with the BTr raising PHP 516. 31 bn from the offering, awarded at a yield of 2. 625%. In the local economic space, July inflation came in at 2. 7% year-on-year, above market expectations of 2. 5% and continuing to rise from June's 2. 5% figure. The increase was mainly due to a rise in oil prices, which drove transportation and other related prices higher. Risk sentiment was driven by local developments in the COVID-19 pandemic, with the reimposition of stricter local quarantine measures in the country's economic center in the first half of the month dampening risk appetites across the local allocation universe. The release of lower than expected second-quarter GDP (-16. 5% year-on-year versus expectations of -9. 4%) and poor company second-quarter earnings also drove asset prices lower. In comments made over the course of the month, Bangko Sentral ng Pilipinas (BSP) Governor Diokno suggested a pause to monetary policy cuts by the central bank, and called for fiscal policy to take up the stimulative role played by monetary policy over the first half of the year. Fund Performance. The Fund was flattish at -0. 06% for the month, below benchmark by 2 basis points. Fund Strategy. The Fund looks to maintain a neutral duration position given expectations of slightly accelerating local inflation amid recovering oil prices and dwindling base effects compared to prior months. Volatility may persist in the global space, and the portfolio will be actively managed to take advantage of this. Investors in a bond fund must be prepared to withstand volatility as higher investment value is typically achieved over the medium to long term. LIST OF PROSPECTIVE INVESTMENTS The following are among the Fund’s approved investment outlets, wherein the Trustee intends to invest depending on strategy, availability, or other market-driven circumstances: a) Bank deposits and such other investments allowed under regulations issued by the. BSP; b) Securities issued by or guaranteed by the Philippine government, or by the BSP; c) Tradable securities issued or guaranteed by multilateral institutions such as the Asian Development Bank (ADB), International Monetary Fund (IMF) and World Bank; d) Tradable securities issued by the government of a foreign country, any political subdivision of a foreign country or any supranational entity; e) Exchange-listed securities; f) Marketable instruments that are traded in an organized exchange; g) Loans traded in an organized market; and h) Such other tradable investments outlets/categories as may be approved by the relevant authority and allowed by the BSP. 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 products you may call our hotline: 889 -10000, or send an email at bpi_asset_management@bpi. com. ph or write a letter addressed to BPI Asset Management and Trust Corporation - Consumer Assistance Office, 7/F, BPI Buendia Center, Sen. Gil J. Puyat Avenue, Makati City 1209. BPI AMTC as Trustee / Investment Manager is regulated by the Bangko Sentral ng Pilipinas (BSP) with telephone number (632) 8708 -7087 and e-mail address: consumeraffairs@bsp. gov. ph.