May 14, 2012

Net Asset Value Per Unit (NAVPU) Summary UITFs

Absolute Returns as of May 11, 2012

1 YR4

132.41 0.008%
158.97 0.069%
190.70 0.194%
151.78 -0.033%
257.04 0.058%

1.04%
0.90%
3.88%
2.01%
2.67%

3.03%
5.75%
12.75%
2.43%
4.21%

9.02%
15.93%
27.81%
9.93%
17.87%

140.39 -0.623%

12.50%

14.52%

70.65%

124.53 -0.947%
207.00 -0.438%

17.87% 19.67%
5.67% -11.00%

96.14%
18.23%

Balanced Funds
BPI Balanced Fund

Equity Funds
BPI Equity Fund
BPI Global Equity Fund 7

ALFM Funds
Bond Funds
ALFM Money Market Fund
ALFM Peso Bond Fund
ALFM Dollar Bond Fund
ALFM Euro Bond Fund

NAVPS1 DoD2
107.27
286.53
374.11
185.53

YTD3

0.112%
0.136%
0.059%
0.038%

0.78%
1.16%
3.15%
3.51%

221.96 -1.268%

19.50%

1 YR4
3.50%
7.89%
5.96%
5.53%

3 YRS
20.97%
18.22%
13.11%

Balanced Fund
ALFM Growth Fund

20.28% 150.38%

Other Mutual Funds Managed by BPI Investment Management, Inc.

Ekklesia Fund
Bahay Pari Solidaritas Fund

BPI Index Funds

ABF Philippines Bond Index Fund 7
Philippine Stock Index Fund
Philippine Dollar Bond Index Fund

Odyssey Funds
Bond Funds
Odyssey Peso Cash Mgt. Fund
Odyssey Peso Income Fund6
Odyssey Peso Bond Fund
Odyssey Phl. Dollar Bond Fund
Odyssey EM Bond Fund6
Odyssey TE Peso FI Fund
Odyssey TE Phl. Dollar FI Fund

1.7580

0.160%

1.57%

12.82%

1.7395 -0.532%

21.24%

19.76%

NAVPU1 DoD2
174.81 -0.057%
569.91 -0.532%
163.22 0.037%

NAVPU1 DoD2

YTD3
0.34%
19.64%
4.27%

YTD5

1 YR4

3 YRS

6.63% 22.07%
22.52% 131.66%
13.23% 42.69%

1 YR4

1.01%
0.83%
2.44%
4.11%
2.69%
2.68%
4.30%

2.91%
7.71%
17.97%
12.22%
2.53%
17.52%
12.85%

10.25%
19.57%
36.31%
42.46%
15.06%
39.06%
42.56%

155.98 -0.396%
185.99 -1.174%

5.69%
8.96%

17.07%
16.09%

70.64%
93.43%

Equity Funds
Odyssey Phl. Equity Fund
Odyssey Phl. High Con. Eq. Fund
Odyssey AP High Div. Eq. Fund
Odyssey TE Phl. Equity Fund

462.49
194.29
9.08
374.83

-1.719%
-2.401%
-0.981%
-1.746%

BPI Prem.
Bond Fund
158.97
158.86
158.88
158.94
159.05
158.99
159.06
159.57
159.13
157.46
150.32
-0.01%
-0.06%
5.75%

BPI
Institutional BPI Int'l Fund
Fund
Plus
190.70
151.78
190.33
151.83
190.39
151.85
190.45
151.85
190.08
151.87
190.07
151.82
188.63
151.15
185.67
150.80
185.91
150.22
183.80
148.84
169.13
148.18
0.33%
-0.03%
1.10%
0.42%
12.75%
2.43%

5/11/2012
5/10/2012
5/9/2012
5/8/2012
5/7/2012
5/4/2012
4/9/2012
3/9/2012
2/7/2012
1/6/2012
5/17/2011
WoW % Chg
MoM % Chg
YoY % Chg

BPI Global BPI Balanced

Phil. Fund
Fund
257.04
140.39
256.89
141.27
256.89
142.10
256.95
143.05
256.81
142.50
256.84
144.42
255.86
139.25
256.60
132.05
253.90
129.88
250.52
126.25
246.65
122.59
0.08%
-2.79%
0.46%
0.82%
4.21%
14.52%

BPI Equity
BPI Global
Fund
Equity Fund
124.53
125.72
207.00
126.58
207.91
127.68
210.55
127.06
211.56
129.43
213.04
123.01
214.57
116.44
214.49
113.89
212.10
108.01
211.45
104.06
199.53
-3.79%
-3.53%
1.24%
-3.49%
19.67%
-11.00%

ABF Phils
Bond Index
Fund

Phil. Dollar
Bond Index
Fund
163.22
163.16
163.27
163.34
163.18
163.51
161.65
163.15
159.89
156.85
144.15
-0.18%
0.97%
13.23%

3YRS

13.96 0.000%
111.10 0.162%
226.61 0.403%
22.56 0.044%
9.93 -0.101%
234.34 0.364%
21.12 0.047%

Balanced Funds
Odyssey Diversified Cap. Fund
Odyssey Diversified Bal. Fund

5/11/2012
5/10/2012
5/9/2012
5/8/2012
5/7/2012
5/4/2012
4/9/2012
3/9/2012
2/7/2012
1/6/2012
5/17/2011
WoW % Chg
MoM % Chg
YoY % Chg

BPI Short
Term Fund
132.41
132.40
132.39
132.38
132.37
132.34
132.10
131.81
131.45
131.10
128.52
0.05%
0.23%
3.03%

3 YRS

BPI Investment Funds

BPI International Fund Plus

BPI Global Philippine Fund

YTD3

BPI Investment Funds

BPI Short Term Fund

BPI Premium Bond Fund
BPI Institutional Fund

NAVPU1 DoD2

10.51% 12.76% 143.30%

6.26% 13.07% 206.21%
8.22% -15.15% 33.72%
11.52% 15.01% 156.08%

BPI Index Funds

BPI Investment Funds

Bond Funds

5/11/2012
5/10/2012
5/9/2012
5/8/2012
5/7/2012
5/4/2012
4/9/2012
3/9/2012
2/7/2012
1/6/2012
5/17/2011
WoW % Chg
MoM % Chg
YoY % Chg

174.81
174.91
175.02
175.07
174.96
175.24
175.04
175.71
175.09
174.10
-0.25%
-0.13%
6.63%

Phil. Stock
Index Fund
569.91
572.96
575.49
578.49
577.12
584.82
555.41
543.78
518.35
488.90
465.14
-2.55%
2.61%
22.52%

Notes:
1 May be subject to fees if redeemed within the early redemption period
2 Percentage change from t-2 prices DoD: Day-on-Day
3 Percentage change from December 31, 2011
4 Percentage change from t-360 prices
5 Percentage change from December 29, 2011
6 NAVPU is net of income distribution; Returns adjusted for reinvestment of income distribution
7 Prices are as of t-2; Percentage change from t-3 prices

This material, which is strictly for information purposes only, is for your sole use, does not constitute a recommendation or an offer to sell or a solicitation to buy any financial product. Any information is subject to change without notice and BPI is
not under any obligation to update or keep current the information contained herein. You are advised to make your own independent judgment with respect to the matter contained in this document. No liability whatsoever is accepted for any loss
that may arise (whether direct or consequential) from any use of the information contained herein.
All funds managed by BPI Asset Management and affiliates are Trust and/or Investment Management Funds, which do not carry any guarantee of income or principal, and are NOT covered by the Philippine Deposit Insurance Corporation. Past
performance is not a guarantee of future results. BPI Investment Funds are valued daily using the marked-to-market method.

5/11/2012
5/10/2012
5/9/2012
5/8/2012
5/7/2012
5/4/2012
4/9/2012
3/9/2012
2/7/2012
1/6/2012
5/17/2011
WoW % Chg
MoM % Chg
YoY % Chg

ALFM
Money
ALFM Peso ALFM Dollar ALFM Euro
Market Fund Bond Fund Bond Fund Bond Fund
107.27
286.53
374.11
185.53
107.15
286.14
373.89
185.46
107.15
286.28
373.99
185.47
107.15
286.48
374.18
185.36
107.13
286.55
374.02
185.42
107.09
286.77
373.99
185.30
107.06
286.67
371.22
184.16
106.87
287.79
372.44
183.34
106.57
286.76
369.98
181.74
106.47
283.12
362.99
179.33
103.64
265.58
353.08
175.80
0.17%
-0.08%
0.03%
0.12%
0.20%
3.50%

-0.05%
7.89%

0.78%
5.96%

0.74%
5.53%

ALFM
Growth
Fund
221.96
224.81
228.76
234.75
232.76
241.00
227.23
214.42
202.47
189.39
184.53
-7.90%

Other Mutual Funds

ALFM Funds

Net Asset Value Per Share (NAVPS) Summary Mutual Funds

-2.32%
20.28%

5/11/2012
5/10/2012
5/9/2012
5/8/2012
5/7/2012
5/4/2012
4/9/2012
3/9/2012
2/7/2012
1/6/2012
5/17/2011
WoW % Chg

Ekklesia Fund
1.7580
1.7552
1.7560
1.7578
1.7570
1.7598
1.7561
1.7753
1.7696
1.7329
1.5583
-0.10%

Bahay Pari Solidaritas

Fund
1.7395
1.7488
1.7560
1.7661
1.7617
1.7824
1.7213
1.6109
1.4911
1.4574
1.4525
-2.41%

MoM % Chg
YoY % Chg

0.11%
12.82%

1.06%
19.76%

Net Asset Value Per Unit (NAVPU) Summary Odyssey Funds

Peso Bond
Fund

Phil. Dollar
Bond Fund

Tax-Exempt
EM Bond Fund Peso F.I. Fund

T.E. Phil.
Dollar F.I.
Fund

13.96

111.10

226.61

22.56

5/11/2012

9.93

234.34

21.12

5/10/2012

13.96

110.92

225.70

22.55

5/10/2012

9.94

233.49

21.11

5/9/2012

13.96

111.10

226.35

22.57

5/9/2012

9.95

234.15

21.13

5/8/2012

13.95

111.10

226.87

22.58

5/8/2012

9.96

234.60

21.14

5/7/2012

13.95

111.00

226.24

22.56

5/7/2012

9.96

233.91

21.11

5/4/2012

13.95

111.05

227.12

22.61

5/4/2012

9.95

234.74

21.16

4/11/2012

13.93

110.72

225.49

22.43

4/11/2012

9.88

233.15

21.00

3/9/2012

13.89

111.06

229.72

22.68

3/9/2012

9.88

237.84

21.22

2/10/2012

13.87

111.32

232.47

22.20

2/10/2012

9.82

240.15

20.78

1/11/2012

13.84

109.82

222.69

21.66

1/11/2012

9.66

229.50

20.24

11/11/2011

13.77

108.36

210.04

21.47

11/11/2011

9.70

217.24

20.03

5/11/2011

13.57

103.15

192.10

20.10

5/11/2011

9.68

199.40

18.72

WoW % Chg

0.07%

0.05%

-0.22%

-0.22%

WoW % Chg

-0.20%

-0.17%

-0.19%

MoM % Chg

0.22%

0.34%

0.50%

0.58%

MoM % Chg

0.51%

0.51%

0.57%

YoY % Chg

2.91%

7.71%

17.97%

12.22%

YoY % Chg

2.53%

17.52%

12.85%

Phil. High
Conviction
Equity Fund

Bond Funds

5/11/2012

Philippine
Equity Fund

Equity Funds

Peso Income
Fund

AP High
Dividend Equity T.E. Philippine
Fund
Equity Fund

Diversified
Capital Fund

Diversified
Balanced
Fund

5/11/2012

462.49

194.29

9.08

374.83

5/11/2012

155.98

185.99

5/10/2012

470.58

199.07

9.17

381.49

5/10/2012

156.60

188.20

5/9/2012

479.46

204.42

9.19

388.79

5/9/2012

158.10

191.08

5/8/2012

483.50

207.77

9.31

392.08

5/8/2012

158.79

192.37

5/7/2012

480.81

206.30

9.31

389.79

5/7/2012

158.16

191.37

5/4/2012

489.36

211.13

9.53

396.44

5/4/2012

159.57

193.99

4/11/2012

459.36

195.53

9.30

371.57

4/11/2012

154.98

184.56

3/9/2012

461.35

197.70

9.58

372.87

3/9/2012

157.06

186.03

2/10/2012

452.40

193.73

9.45

364.76

2/10/2012

156.97

183.91

1/11/2012

446.55

194.78

8.71

358.71

1/11/2012

151.87

179.38

11/11/2011

406.76

178.03

8.81

325.22

11/11/2011

141.22

164.68

5/11/2011

410.15

171.83

10.70

325.92

5/11/2011

133.23

160.22

WoW % Chg

-5.49%

-7.98%

-4.72%

-5.45%

WoW % Chg

-2.25%

-4.12%

Balanced Funds

Bond Funds

Peso Cash Mgt

Fund

MoM % Chg

0.68%

-0.63%

-2.37%

0.88%

MoM % Chg

0.65%

0.77%

YoY % Chg

12.76%

13.07%

-15.15%

15.01%

YoY % Chg

17.07%

16.09%

This material, which is strictly for information purposes only, is for your sole use, does not constitute a recommendation or an offer to sell or a solicitation to buy any financial product. Any information is subject to change without notice and BPI is
not under any obligation to update or keep current the information contained herein. You are advised to make your own independent judgment with respect to the matter contained in this document. No liability whatsoever is accepted for any loss
that may arise (whether direct or consequential) from any use of the information contained herein.
All funds managed by BPI Asset Management and affiliates are Trust and/or Investment Management Funds, which do not carry any guarantee of income or principal, and are NOT covered by the Philippine Deposit Insurance Corporation. Past
performance is not a guarantee of future results. BPI Investment Funds are valued daily using the marked-to-market method.