Fund Manager

BPI Investment Management, Inc. (BIMI) is the Fund Manager, Principal Distributor & Transfer Agent of the ALFM Mutual Funds and is responsible for formulating and executing the Fund’s investment strategy. BPI Investment, a wholly-owned subsidiary of the Bank of the Philippine Islands, was incorporated on July 30, 1974 as Ayala Investment Management, Inc. to principally engage in the business of managing an investment company. On March 5, 1991, the Securities & Exchange Commission approved the change in the company’s name to BPI Investment Management, Inc. Backed by state-of-the-art technology and extensive financial experience, BPI Investment carefully balances the Fund’s investment risks and returns to guard against potential losses.