Semi Annual Report and Unaudited Financial Statements ......a portfolio of income generating...

Fund Name Investment Objectives Risk Category Launch Date Current Fund Size Mgmt Fee Benchmark Index

Performance bid-bid basisFund Manager Sub-Manager3 mths 6 mths 1 year 3 years

(Annualised)5 years

(Annualised)10 years

(Annualised)Since inception

(Total return)Since inception

(Annualised)

NON-EQUITY

GreatLink Cash Fund To generate a return comparable to S$ time deposits. Lower Risk / Broadly Diversified

26-Apr-96 $45.10 mil 0.30% p.a. 1-month SIBOR less 0.25% 0.53 0.83 1.67 1.36 1.22 0.86 40.84 1.43 Lion Global Investors Ltd -

GreatLink Short Duration Bond Fund

To provide total return of capital growth and income over the medium to long term, through an actively managed portfolio of Singapore and international bonds, high quality interest rate securities, real estate investment trusts (“REITs”), business trusts and other related securities.

Low to Medium Risk / Narrowly Focused

25-Mar-02 $171.71 mil 0.50% p.a. 12-month SIBOR less 0.25% 2.46 1.29 3.10 2.55 2.63 2.43 57.58 2.52 Lion Global Investors Ltd -

GreatLink Global Bond Fund

To achieve excess return relative to the index while minimising volatility of return relative to the index.

Low to Medium Risk / Broadly Diversified

15-Jan-02 $369.64 mil 0.85% p.a. Barclays Global Aggregate Bond Index 50% Hedged into SGD

2.15 5.73 6.42 3.94 4.17 3.10 90.21 3.55 Lion Global Investors Ltd PIMCO

ASIAN EQUITY

GreatLink Asia High Dividend Equity Fund

To provide long term capital growth by investing primarily in equities or equity-linked securities (including, but not limited to, preference shares, real estate investment trusts, depository receipts) of companies in the Asia Pacific (ex Japan) region that offer attractive dividend yields and sustainable dividend payments.

Higher Risk / Narrowly Focused

10-Jul-00 $38.62 mil 1.50% p.a. MSCI AC Asia Pacific ex Japan Index

14.71 -3.48 2.10 2.98 1.10 3.38 14.63 0.69 Lion Global Investors Ltd -

GreatLink Asia Pacific Equity Fund

To achieve medium to long-term capital growth from a diversified portfolio of Asian-Pacific equities excluding Japanese equities.


26-Apr-96 $589.99 mil 1.50% p.a. MSCI AC Asia Pacific ex Japan Index (Gross)

16.27 -2.69 1.82 3.00 3.93 2.53 170.74 4.21 Aberdeen Standard Investments (Asia) Limited

-

GreatLink Far East Ex Japan Equities Fund

To maximise capital growth through investing primarily in equities of companies based in China, Hong Kong, Indonesia, South Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand, and also in other Asia Pacific regions except Japan.


25-Mar-02 $62.59 mil 1.50% p.a. MSCI AC Far East Ex Japan Index with Net Dividends Reinvested

13.48 1.09 10.38 6.53 6.49 5.02 193.37 6.07 Lion Global Investors Ltd -

GreatLink ASEAN Growth Fund

To achieve long-term capital appreciation by investing in equities in the economies of the ASEAN region.


26-Apr-96 $222.24 mil 1.50% p.a. MSCI AC ASEAN Index with Net Dividends Reinvested

17.16 -17.88 -19.63 -4.66 -1.26 1.93 180.95 4.37 Lion Global Investors Ltd -

GreatLink Lion Japan Growth Fund

To provide long-term capital growth of assets by investing primarily in quoted or listed securities in any Recognised Stock Exchange or OTC market in Japan.


9-Jan-07 $12.50 mil 1.50% p.a. TOPIX Total Return Index, in SGD-Hedged terms


GreatLink China Growth Fund

To provide capital growth by investing in equities of People's Republic of China, Hong Kong SAR and Taiwan companies.


9-Jan-07 $219.04 mil 1.50% p.a. MSCI Golden Dragon Index with Net Dividends Reinvested

21.24 10.24 23.30 11.48 7.92 7.25 98.32 5.21 Schroder Investment Management (Hong Kong) Ltd

-

GreatLink Lion India Fund

To achieve medium to long-term capital appreciation by investing in Indian equities and equity related instruments.


9-Jan-07 $58.80 mil 1.50% p.a. MSCI India with Net Dividends Reinvested, in SGD terms

16.65 -15.87 -19.01 -4.64 -1.55 -0.51 9.89 0.70 Lion Global Investors Ltd -

GreatLink Singapore Equities Fund

To achieve medium to long-term capital growth from a portfolio of Singapore equities.


25-Mar-02 $184.27 mil 1.50% p.a. Straits Times Index 10.45 -15.73 -15.95 -3.69 -0.68 0.89 104.74 4.00 Aberdeen Standard Investments (Asia) Limited

-

GreatLink Lion Vietnam Fund

To achieve medium to long-term capital appreciation by investing in equity and equity-linked instruments of companies with assets in Vietnam or companies outside Vietnam but with earnings derived from Vietnam and the Indo-China Region (which includes, but is not limited to Cambodia and Laos).


1-Feb-08 $10.25 mil 1.50% p.a. FTSE Vietnam Index 27.71 -10.00 -11.25 4.89 6.44 3.28 -19.47 -1.73 Lion Global Investors Ltd -

GREATLINK FUNDS SUMMARY as at 30 June 2020

For disclaimer, please refer to page 4.

Annual Report and Audited Financial StatementsFor the year ended 31 December 2018

The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)

1 Pickering Street #01-01 Great Eastern Centre Singapore 048659

MCI

(P) 0

58/0

1/20

20

Semi Annual Report and Unaudited Financial Statementsfor the period 1 January 2020 - 30 June 2020


Printed by Ho Printing Singapore Pte Ltd

The Great Eastern Life Assurance Company Limited (Reg. No. 1908 00011G)

1 Pickering Street #01-01 Great Eastern Centre Singapore 048659www.greateasternlife.com

contents




(Annualised)5 years




(Annualised)

GREATLINK LIFESTYLE PORTFOLIOS

GreatLink Lifestyle Dynamic Portfolio

To achieve medium to long term capital appreciation for the investor Higher Risk / Broadly Diversified

25-Mar-02 $36.26 mil 1.58% p.a. Composite of Underlying Funds' Benchmarks


GreatLink Lifestyle Progressive Portfolio

To achieve medium to long term capital appreciation for the investor Higher Risk / Broadly Diversified



GreatLink Lifestyle Balanced Portfolio

To achieve medium to long term capital appreciation for the investor Medium to High Risk / Broadly Diversified



GreatLink Lifestyle Steady Portfolio




GreatLink Lifestyle Secure Portfolio




BALANCED

GreatLink Global Supreme Fund

To maximise total returns in S$ terms over the longer term by investing in a balanced but diversified portfolio of equities and debt securities of the major stock & bond markets around the world.

Medium to High Risk / Broadly Diversified

1-Jul-99 $403.19 mil 1.35% p.a. 50% MSCI World Net & 50% FTSE World Gov Bond Index (unhedged)

9.18 1.92 5.11 4.50 4.80 5.68 101.47 3.39 Lion Global Investors Ltd Equity: Acadian Asset Management,

Capital Group, INTECH, Fixed Income:

Brandywine, PIMCO

GreatLink Global Optimum Fund

To provide long-term total return in excess of the custom benchmark while managing the overall risk of the portfolio.

Medium to High Risk / Broadly Diversified

23-May-01 $30.60 mil 1.35% p.a. 40% MSCI World, net & 60% FTSE World Government Bond Index (unhedged)

8.89 4.76 7.64 4.35 4.48 4.23 48.47 2.09 Lion Global Investors Ltd Equity: AllianceBernstein (Singapore)

Ltd Fixed Income:

Loomis, Sayles & Company, L.P.

GreatLink Income Focus Fund

To provide regular income and long term capital growth by investing primarily in a portfolio of income generating securities globally.

Higher Risk / Broadly Diversified

24-Jul-07 $38.93 mil 1.35% p.a. Composite of Underlying Funds' Benchmark

8.99 -8.32 -6.33 0.02 1.65 1.85 0.18 0.01 JPMorgan Asset Management (Europe) S.à r.l.

-

GreatLink Lion Asian Balanced Fund

To provide long-term total returns consistently in excess of the custom benchmark while managing the overall risk of the portfolio by investing into the equity markets of Asia Pacific (ex Japan) as well as primarily in bonds and other debt securities denominated in Singapore Dollars.

Medium to High Risk / Narrowly Focused

1-Feb-08 $61.29 mil 1.35% p.a. 50% MSCI AC Asia Pacific ex Japan Index (Gross) + 50% JP Morgan Singapore Government Bond Index

9.47 1.61 5.44 3.50 4.06 2.70 26.53 1.91 Lion Global Investors Ltd Aberdeen Standard Investments (Asia) Limited

GreatLink Diversified Growth Portfolio

To generate capital appreciation over the long term by investing primarily in a diversified portfolio of active funds and exchange-traded funds (ETFs).


18-Apr-19 $3.75 mil 0.50% p.a. N.A. 11.10 -1 - - - - 5.37 4.45 Lion Global Investors Ltd -

GLOBAL EQUITY

GreatLink Global Equity Fund

To seek long-term capital appreciation by investing primarily in a diversified portfolio of common stocks globally.


1-Aug-00 $66.51 mil 1.60% p.a. MSCI World Index with Net Dividends Reinvested

19.67 -2.69 2.93 4.92 6.98 9.72 29.37 1.30 Goldman Sachs (Singapore) Pte. Ltd.

-

GreatLink Global Perspective Fund

To seek long-term growth of capital by investing in common stocks of companies located around the world.


25-Mar-02 $126.62 mil 1.60% p.a. MSCI AC World Index with Net Dividends Reinvested

20.82 4.42 13.07 6.82 5.98 6.99 46.63 2.12 Capital Group -

GreatLink Global Thematic Fund

To seek long-term growth of capital by investing in a global universe of companies in multiple industries that are positively exposed to environmentally- or socially-oriented sustainable investment themes.


15-Aug-01 $27.18 mil 1.60% p.a. MSCI AC World Index 24.36 10.01 16.71 11.54 9.75 9.67 95.58 3.62 AllianceBernstein (Singapore) Ltd.

-

GreatLink Global Equity Alpha Fund

To provide capital growth primarily through investment in equity securities and equity related securities of companies worldwide


25-Mar-02 $126.64 mil 1.60% p.a. MSCI World Index with Net Dividends Reinvested

16.62 0.55 7.81 6.83 6.44 7.43 35.16 1.66 Schroder Investment Management Ltd

-

GreatLink European Equity Fund

To achieve long-term capital growth and income through investment primarily in listed equity, of issuers domiciled and/or having their principal place of business in European countries.


10-Jul-00 $17.23 mil 1.60% p.a. MSCI Europe Index with Net Dividends Reinvested

11.32 -14.97 -9.74 -3.51 -1.17 4.69 0.42 0.02 Capital Group -

GreatLink Global Technology Fund

To achieve long-term capital growth through investment in global technology stocks.


15-Jan-01 $220.34 mil 1.60% p.a. MSCI All Country World Custom Technology Index with Net Dividends Reinvested, converted into Singapore dollars

30.29 18.83 31.80 21.61 18.93 18.85 90.63 3.37 Lion Global Investors Ltd Wellington Management Singapore Pte Ltd

GreatLink Global Real Estate Securities Fund

To provide investors with medium to long term capital appreciation and to make regular income distributions by investing globally in (a) equities securities of companies that derive a substantial part of their revenue from the ownership, management and/or development of real estate and (b) Real Estate Investment Trusts (REITS) listed or traded in a regulated market.


8-Jun-05 $339.86 mil 1.60% p.a. FTSE EPRA/NAREIT Developed Index Net TRI

7.97 -13.97 -9.37 0.94 2.36 6.46 54.70 2.94 Lion Global Investors Ltd PGIM Inc

GreatLink Global Emerging Markets Equity Fund

To achieve long-term capital growth through investment principally in areas experiencing rapid economic growth which include countries in Latin America, Emerging Asia, Africa, Eastern Europe (including Russia) and the Middle East.


23-Jan-13 $132.89 mil 1.60% p.a. MSCI Emerging Markets Free Net of Luxembourg Tax Index

15.76 -7.15 0.50 2.76 3.65 - 48.01 5.42 FIL Fund Management Limited

-

Message 1

Investment Outlook 2

Disclaimer 4

Lifestyle Portfolios 5

Balanced 11

Global Equity 16

Asian Equity 24

Non-Equity 33

Funds Information 36

Soft Dollar Commissions 99

Capital Account 102

Statement Of Assets & Liabilities 107

Notes To The Accounts 112

1

MESSAGE

Mess

age

When the COVID-19 coronavirus extended globally in the beginning of the year, global equities fell significantly in February and March as more countries went into lockdown mode in attempts to curb the spread of the virus. This prompted policymakers in the US, Europe and Asia to deliver aggressive monetary and fiscal policies to support their economies. Since March, global equities have staged a strong rebound, recovering a large part of the losses, underpinned primarily by unprecedented stimulus measures and gradual reopening of major economies globally. Meanwhile a balanced portfolio of equities and bonds have ended the half year positively.

Besides the pandemic, the first half of the year has also been eventful with escalating geopolitical tension between the US and China, amidst a global recession with increased unemployment rate. Looking ahead, the risk of a second wave of the pandemic, as well as uncertainty relating to US-China tension and the upcoming US Presidential election remain key wildcards that could lead to further bouts of volatility. However, accommodative monetary and fiscal policies continue to provide a supportive backdrop for risk assets including equities.

While the outlook remains uncertain, there are still opportunities to uncover quality investments. We are committed to work with the fund managers to support your journey in meeting your financial goals.

Thank you for your continued trust and support.

Yours sincerely

Khor Hock SengGroup Chief Executive OfficerGreat Eastern Holdings

Please refer to page 3 for disclaimers.

2

Investment OutlookUS markets gained amid mixed signals that included a reviving economy, a resurgent coronavirus caseload, and a wave of protests over racial inequality. US equities were buoyed by an unprecedented USD1.6 trillion stimulus package and the speculation that the US Federal Reserve (“Fed”) and Congress will continue to funnel large amounts of money into the economy.

Across the US, a resurgence of COVID-19 cases in several large US southern and western states could stall the recovery as high frequency data had shown a levelling off of economic activity both in terms of business openings and mobility. There are calls for additional fiscal support to the US economy with the fading or expiration of the $3 trillion aid to businesses and unemployment benefits. Speculations of more stimulus package have been floating in the market.

The Fed has been aggressive about stabilizing financial markets, cutting rates to zero and implementing an array of 2008-style lending programs. Cognizant of the risks and heightened uncertainties that lay ahead, the Fed has continued to articulate the continuation of its accommodative monetary policies, albeit downplaying the likelihood of Negative Interest Rate Policy and Yield Curve Control at this juncture, anchoring yields for short term US Treasury securities.

High frequency trackers of economic activity suggest that consumers and businesses have responded swiftly to the lifting of containment measures in Europe. So far, the spread of the virus appears under control. The European Central Bank (“ECB”) has acted decisively to avoid a tightening of financial conditions at the peak of the crisis. A large take-up of the targeted longer-term refinancing operations and asset purchases have expanded the ECB’s balance sheet by over EUR1.5 trillion since the end of last year. The EUR1.35 trillion Pandemic Emergency Purchase Programme (PEPP) still has plenty of firepower, with nearly EUR1 trillion still unused.

After the pause in May, Asian markets resumed its upward trajectory in June 2020. Gains were led by China A-shares and Hong Kong while Thailand, Malaysia and Singapore lagged. Supportive monetary and fiscal policies coupled with strong retail investors’ participation continue to overwhelm concerns about the speed of the economic recovery and potential coronavirus second waves. The breadth of the rally has been weak, with expensive growth stocks dominating the returns. Consequently, sectors that performed the best include technology and healthcare, while utilities and telecommunication services performed the worst.

The relaxation of lockdowns will mean a significant bounce in growth in the third quarter of 2020. Global GDP (gross domestic product) is not likely to return to its pre-pandemic peak until second half of 2021. Consumption may take longer to recover with the rise in unemployment rate and social distancing remaining in place due to the 2nd wave of infections. A game-changer, of course, will be the rapid development of a Covid-19 vaccine which will lay the foundation for the growth stabilisation and recovery theme to gain traction.

Inves

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INVESTMENT OUTLOOK

3

Policymakers have been successful in limiting the magnifying effects of the collateral economic damage through credit and tighter financial conditions.

Central banks have delivered monetary stimulus aggressively, higher than levels seen in 2008 Global Financial Crisis, in an attempt to ensure sufficient liquidity in the system. The amount of fiscal stimulus unleashed by the various governments has been unprecedented as well. For example, there are calls for additional $1 trillion of fiscal support to the US economy with the fading or expiration of the $3 trillion aid to businesses and unemployment benefits. From current levels, the equity market is likely to trade in a range, with upside capped by news of a resurgence of new cases and the impact on the normalization of economic activities. There is a clear disconnect between equity valuations and real economy data. The elevated equity valuations can be attributed to the central banks’ backstop, short covering, technology stocks, retail investors, a high equity risk premium and a look-through of dismal 2020 earnings to better prospects in 2021.

Factors such as a second pandemic wave, high debt and geopolitical risk could derail the recovery and all of these elements will keep volatility elevated.

US interest rates will be anchored at close to zero levels as the Fed tries to cushion the economy from the pandemic-led downturn. Central banks’ loose policies and provision of various facilities have helped to ease funding pressures and provided the backstop. While credit spreads have started to tighten, slower economic growth will pressure corporates’ profitability and balance sheets, leading to more credit rating downgrades. Thus, credit selection will be a meaningful driver of corporate bond returns.

Investors should focus on a well-diversified investment portfolio, with a quality focus, to manage any potential near-term risks in the second half of this year and ride out market volatilities.

Inves

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INVESTMENT OUTLOOK

Disclaimer: The report is accurate at time of writing on 20 July 2020. Past performance is not necessarily indicative of future performances. Any opinion or view presented is subject to change without notice. The document is intended for information purposes only, and is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

The information provided may contain projections or other forward looking statements regarding future events or future financial performance of countries, markets or companies, and such prediction or forecast is not necessarily indicative of the future or likely performance of the fund.

This disclaimer applies to the fund factsheets that follow.DISCLAIMER: The fact sheets on GreatLink Funds are compiled by The Great Eastern Life Assurance Company Limited (GELS). The information presented is for informational use only. A product summary and a Product Highlights Sheet in relation to the funds may be obtained through GELS, its Financial Representatives or its appointed distributors. Potential investors should read the product summary and the Product Highlights Sheet before deciding whether to invest in the funds. Returns on the units of the funds are not guaranteed. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance.

Investors should refer to the Product Summary for the GreatLink Funds available for investment under their Investment-Linked Policy (ILP).

Fund Factsheet

Fund

Facts

heet

Disc

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4

5

Inception Date 25 March 2002Dealing Frequency DailyFund Currency SGDBid Offer Spread 5.0%Fund Manager Lion Global Investors LtdFund Management Fee^ Dynamic 1.58% p.a. Progressive 1.43% p.a. Balanced 1.27% p.a. Steady 1.10% p.a. Secure 0.92% p.a.Benchmark Composite of Constituent Funds’ Benchmarks

^ These are weighted average fund management charge which could be used as an indicative fund management charge for the

Lifestyle Portfolios.

GREATLINK LIFESTYLE PORTFOLIOS (ASSET ALLOCATION)GreatLink Constituent Funds Secure Steady Balanced Progressive DynamicGreatLink Short Duration Bond Fund 20% 10% 5% 0% 0%GreatLink Global Bond Fund 60% 50% 35% 20% 0%GreatLink Global Equity Alpha Fund 5% 10% 15% 20% 25%GreatLink Global Perspective Fund 5% 10% 15% 20% 25%GreatLink Asia Pacific Equity Fund 10% 20% 15% 20% 25%GreatLink Global Emerging Markets Equity Fund 0% 0% 15% 20% 25%

Source: Great Eastern Life

FUND OBJECTIVE

The investment objectives of the 5 Lifestyle Portfolios are to achieve medium to long term capital appreciation for the investor. The investment policies for the GreatLink Lifestyle Secure Portfolio, GreatLink Lifestyle Steady Portfolio, GreatLink Lifestyle Balanced Portfolio, and GreatLink Lifestyle Progressive Portfolio are to invest the assets of each of these Lifestyle Portfolios in equities and bonds in the proportion of approximately 20:80, 40:60, 60:40, 80:20 respectively. The investment policy for GreatLink Lifestyle Dynamic Portfolio is to invest the assets only in equities (or in one or more different mutual fund(s) and unit trust(s) reflecting an underlying investment in equities). A separate portfolio account is maintained for each Lifestyle Portfolio which is invested in accordance with the investment objective applicable to the Lifestyle Portfolio to which such portfolio relates. Each individual Lifestyle Portfolio is invested in some of the underlying GreatLink Funds as shown in the table below. However, the asset proportion may vary, depending on market conditions.

GREATLINK LIFESTYLE PORTFOLIOS report as at 30 June 2020

FUND FACTS

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6

Offer Price SGD 1.702 Bid Price SGD 1.616Bid Offer Spread 5.0%Fund Size SGD 36.3 m Risk Category Higher Risk –

Broadly Diversified Subscription Mode Cash, SRS & CPFIS – OA

DYNAMIC

PERFORMANCE ON BID–BID BASIS (%)3 mths 6 mths 1 year 3 years* 5 years* 10 years* Since Inception*

GreatLink Lifestyle Dynamic Portfolio 17.44% -1.16% 5.90% 4.97% 5.10% 5.65% 2.95%

Benchmark 16.45% -3.39% 3.60% 5.31% 6.27% 8.25% 5.33%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.

PORTFOLIO WEIGHTINGS


FUND FACTS

PORTFOLIO PERFORMANCE SINCE INCEPTION

Lifes

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Global Equities, 76.6% Asia Pacific Ex-Japan

Equities, 23.4%



GREATLINKLIFESTYLE DYNAMIC PORTFOLIOas at 30 June 2020

Fund InformationOffer Price SGD 1.702Bid Price SGD 1.616Bid Offer Spread 5.0%Fund Size SGD 36.3 mRisk Category Higher Risk - Broadly DiversifiedSubscription Mode Cash, SRS & CPFIS – OA

Performance Chart

3 mths 6 mths 1 Year 3 Years* 5 Years* 10 Years*

17.44% -1.16% 5.90% 4.97% 5.10% 5.65%

16.45% -3.39% 3.60% 5.31% 6.27% 8.25%

Top 10 Holdings


GREATLINK GLOBAL EQUITY APLHA FUND 26.9%GREATLINK GLOBAL PERSPECTIVE FUND 25.8%GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND 23.9%

Since Inception*GreatLink Lifestyle Dynamic Portfolio 2.95%

Benchmark 5.33%

GREATLINK ASIA PACIFIC EQUITY FUND 23.4%

The information provided herein is subject to our disclaimer set out on Page 1 of this document. Page 2 of 6

50

100

150

200

Mar-02 Mar-04 Mar-06 Mar-08 Mar-10 Mar-12 Mar-14 Mar-16 Mar-18 Mar-20


Global Equities,76.6%

Asia Pacific Ex-Japan Equities,23.4%

DYNAMIC

GREATLINKLIFESTYLE DYNAMIC PORTFOLIOas at 30 June 2020


Performance Chart


17.44% -1.16% 5.90% 4.97% 5.10% 5.65%

16.45% -3.39% 3.60% 5.31% 6.27% 8.25%

Top 10 Holdings


GREATLINK GLOBAL EQUITY APLHA FUND 26.9%GREATLINK GLOBAL PERSPECTIVE FUND 25.8%GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND 23.9%

Since Inception*GreatLink Lifestyle Dynamic Portfolio 2.95%

Benchmark 5.33%

GREATLINK ASIA PACIFIC EQUITY FUND 23.4%


50

100

150

200




Asia Pacific Ex-Japan Equities,23.4%

DYNAMIC

7

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GreatLink Lifestyle Progressive Portfolio 14.05% 0.05% 5.90% 4.69% 4.85% 5.16% 3.77%

Benchmark 13.42% -1.49% 4.48% 5.32% 6.02% 7.42% 5.46%



Offer Price SGD 1.966 Bid Price SGD 1.867Bid Offer Spread 5.0%Fund Size SGD 103.4 m Risk Category Higher Risk –


PROGRESSIVE

PORTFOLIO WEIGHTINGSFUND FACTS


Global Equities, 61.7% Asia Pacific Ex-Japan

Equities, 19.3% Global Bonds, 18.9%



GREATLINKLIFESTYLE PROGRESSIVE PORTFOLIOas at 30 June 2020


Performance Chart


14.05% 0.05% 5.90% 4.69% 4.85% 5.16%

13.42% -1.49% 4.48% 5.32% 6.02% 7.42%

Top 10 Holdings

Benchmark 5.46%


GREATLINK GLOBAL EQUITY APLHA FUND 21.7%GREATLINK GLOBAL PERSPECTIVE FUND 20.8%

Since Inception*GreatLink Lifestyle Progressive Portfolio 3.77%

GREATLINK GLOBAL BOND FUND 19.3%GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND 19.2%GREATLINK ASIA PACIFIC EQUITY FUND 18.9%


50

100

150

200

250




Global Bonds, 19.3%

Asia Pacific Ex-JapanEquities, 18.9%

PROGRESSIVE

GREATLINKLIFESTYLE PROGRESSIVE PORTFOLIOas at 30 June 2020


Performance Chart


14.05% 0.05% 5.90% 4.69% 4.85% 5.16%

13.42% -1.49% 4.48% 5.32% 6.02% 7.42%

Top 10 Holdings

Benchmark 5.46%


GREATLINK GLOBAL EQUITY APLHA FUND 21.7%GREATLINK GLOBAL PERSPECTIVE FUND 20.8%

Since Inception*GreatLink Lifestyle Progressive Portfolio 3.77%

GREATLINK GLOBAL BOND FUND 19.3%GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND 19.2%GREATLINK ASIA PACIFIC EQUITY FUND 18.9%


50

100

150

200

250




Global Bonds, 19.3%


PROGRESSIVE

8

Lifes

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BALANCED



Offer Price SGD 1.959 Bid Price SGD 1.861Bid Offer Spread 5.0%Fund Size SGD 478.9 m Risk Category Medium to High Risk –


& SA


GreatLink Lifestyle Balanced Portfolio 10.91% 1.20% 5.92% 4.47% 4.86% 4.75% 3.75%

Benchmark 10.36% 0.11% 4.96% 5.08% 5.55% 6.37% 4.93%


Global Equities, 46.9% Global Bonds, 34.5% Asia Pacific Ex-Japan

Equities, 14.4% Investment Grade Bonds

and REITs, 4.7%



GREATLINKLIFESTYLE BALANCED PORTFOLIOas at 30 June 2020

Fund InformationOffer Price SGD 1.959Bid Price SGD 1.861Bid Offer Spread 5.0%Fund Size SGD 478.9 mRisk Category Medium to High Risk - Broadly DiversifiedSubscription Mode Cash, SRS & CPFIS – OA & SA

Performance Chart


10.91% 1.20% 5.92% 4.47% 4.86% 4.75%

10.36% 0.11% 4.96% 5.08% 5.55% 6.37%

Top 10 Holdings

GreatLink Lifestyle Balanced Portfolio 3.75%

Benchmark 4.93%


GREATLINK GLOBAL BOND FUND 34.5%

Since Inception*


GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND 14.4%GREATLINK SHORT DURATION BOND FUND 4.7%

GREATLINK GLOBAL PERSPECTIVE FUND 16.1%GREATLINK GLOBAL EQUITY APLHA FUND 15.9%GREATLINK ASIA PACIFIC EQUITY FUND 14.4%

50

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250

Mar-02 Jul-03 Nov-04 Mar-06 Jul-07 Nov-08 Mar-10 Jul-11 Nov-12 Mar-14 Jul-15 Nov-16 Mar-18 Jul-19



Global Bonds, 34.5%


Investment GradeBonds and REITs,4.7%

BALANCED

GREATLINKLIFESTYLE BALANCED PORTFOLIOas at 30 June 2020


Performance Chart


10.91% 1.20% 5.92% 4.47% 4.86% 4.75%

10.36% 0.11% 4.96% 5.08% 5.55% 6.37%

Top 10 Holdings

GreatLink Lifestyle Balanced Portfolio 3.75%

Benchmark 4.93%



Since Inception*


GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND 14.4%GREATLINK SHORT DURATION BOND FUND 4.7%

GREATLINK GLOBAL PERSPECTIVE FUND 16.1%GREATLINK GLOBAL EQUITY APLHA FUND 15.9%GREATLINK ASIA PACIFIC EQUITY FUND 14.4%

50

100

150

200

250

Mar-02 Jul-03 Nov-04 Mar-06 Jul-07 Nov-08 Mar-10 Jul-11 Nov-12 Mar-14 Jul-15 Nov-16 Mar-18 Jul-19



Global Bonds, 34.5%


Investment GradeBonds and REITs,4.7%

BALANCED


9

STEADY


Lifes

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GreatLink Lifestyle Steady Portfolio 8.00% 2.92% 6.02% 4.21% 4.64% 4.12% 3.54%

Benchmark 7.39% 2.02% 5.65% 4.92% 5.17% 5.38% 4.36%


Offer Price SGD 1.890 Bid Price SGD 1.795Bid Offer Spread 5.0%Fund Size SGD 38.5 mRisk Category Medium to High Risk –


& SA

Global Bonds, 49.5% Global Equities, 21.5% Asia Pacific Ex-Japan

Equities, 19.5% Investment Grade Bonds

and REITs, 9.5%



GREATLINKLIFESTYLE STEADY PORTFOLIOas at 30 June 2020


Performance Chart


8.00% 2.92% 6.02% 4.21% 4.64% 4.12%

7.39% 2.02% 5.65% 4.92% 5.17% 5.38%

Top 10 Holdings

Since Inception*

GreatLink Lifestyle Steady Portfolio 3.54%

GREATLINK GLOBAL PERSPECTIVE FUND 10.8%GREATLINK GLOBAL EQUITY APLHA FUND 10.7%GREATLINK SHORT DURATION BOND FUND 9.5%

Benchmark 4.36%


GREATLINK GLOBAL BOND FUND 49.5%GREATLINK ASIA PACIFIC EQUITY FUND 19.5%


50

100

150

200



Global Bonds, 49.5%

Global Equities, 21.5%

Asia Pacific Ex-JapanEquities, 19.5%Investment Grade Bondsand REITs, 9.5%

STEADY

GREATLINKLIFESTYLE STEADY PORTFOLIOas at 30 June 2020


Performance Chart


8.00% 2.92% 6.02% 4.21% 4.64% 4.12%

7.39% 2.02% 5.65% 4.92% 5.17% 5.38%

Top 10 Holdings

Since Inception*

GreatLink Lifestyle Steady Portfolio 3.54%

GREATLINK GLOBAL PERSPECTIVE FUND 10.8%GREATLINK GLOBAL EQUITY APLHA FUND 10.7%GREATLINK SHORT DURATION BOND FUND 9.5%

Benchmark 4.36%


GREATLINK GLOBAL BOND FUND 49.5%GREATLINK ASIA PACIFIC EQUITY FUND 19.5%


50

100

150

200



Global Bonds, 49.5%


Asia Pacific Ex-JapanEquities, 19.5%Investment Grade Bondsand REITs, 9.5%

STEADY


10

Lifes

tyle P

ortfo

lios

SECURE




Offer Price SGD 1.967 Bid Price SGD 1.868Bid Offer Spread 5.0%Fund Size SGD 104.8 m Risk Category Medium to High Risk –


& SA


GreatLink Lifestyle Secure Portfolio 5.06% 3.61% 5.72% 3.87% 4.05% 3.47% 3.77%

Benchmark 4.32% 3.01% 5.44% 4.28% 4.32% 4.06% 3.93%


Global Bonds, 59.8% Investment Grade Bonds

and REITs, 19.3% Global Equities, 11.0% Asia Pacific Ex-Japan

Equities, 9.9%


GREATLINKLIFESTYLE SECURE PORTFOLIOas at 30 June 2020


Performance Chart


5.06% 3.61% 5.72% 3.87% 4.05% 3.47%

4.32% 3.01% 5.44% 4.28% 4.32% 4.06%

Top 10 Holdings


Since Inception*

GREATLINK SHORT DURATION BOND FUND 19.3%GREATLINK ASIA PACIFIC EQUITY FUND 9.9%GREATLINK GLOBAL EQUITY APLHA FUND 5.5%

GreatLink Lifestyle Secure Portfolio 3.77%

Benchmark 3.93%



GREATLINK GLOBAL PERSPECTIVE FUND 5.4%

50

100

150

200

250



Global Bonds, 59.8%

Investment Grade Bondsand REITs, 19.3%



SECURE

GREATLINKLIFESTYLE SECURE PORTFOLIOas at 30 June 2020


Performance Chart


5.06% 3.61% 5.72% 3.87% 4.05% 3.47%

4.32% 3.01% 5.44% 4.28% 4.32% 4.06%

Top 10 Holdings


Since Inception*

GREATLINK SHORT DURATION BOND FUND 19.3%GREATLINK ASIA PACIFIC EQUITY FUND 9.9%GREATLINK GLOBAL EQUITY APLHA FUND 5.5%

GreatLink Lifestyle Secure Portfolio 3.77%

Benchmark 3.93%



GREATLINK GLOBAL PERSPECTIVE FUND 5.4%

50

100

150

200

250



Global Bonds, 59.8%

Investment Grade Bondsand REITs, 19.3%



SECURE


11

GREATLINK GLOBAL SUPREME FUND report as at 30 June 2020

Inception Date 1 July 1999Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OA & SARisk Category Medium to High Risk – Broadly

DiversifiedBenchmark 50% MSCI World Net & 50%

FTSE World Gov Bond Index (unhedged)

Offer Price SGD 2.015Bid Price SGD 1.914Bid Offer Spread 5.0%Fund Size SGD 403.2 mFund Manager Lion Global Investors LtdSub Managers Equity:

Acadian Asset Management, Capital Group, INTECH

Fixed Income: Brandywine, PIMCO

Fund Management Fee 1.35% p.a.


FUND FACTS FUND OBJECTIVE

The Fund's objective is to maximize total returns in Singapore Dollar terms over the longer term by investing in a balanced but diversified portfolio of equities and debt securities of the major stock markets and bond markets around the world. It shall invest in a broad mix of global equities and bonds in a wide range of industries and companies in various countries. The allocation for each asset class will be actively managed and altered constantly in such a way that seeks to maximize the overall risk-adjusted performance of the Fund. The Fund’s asset allocation split is 50% global equities and 50% global bonds.

Balan

ced F

unds


GreatLink Global Supreme Fund 9.18% 1.92% 5.11% 4.50% 4.80% 5.68% 3.39%

Benchmark 8.28% 3.25% 7.56% 6.16% 6.34% 6.35% 3.87%



United States of America, 45.6%

Europe ex-UK, 26.3% Cash & Cash Equivalents,

12.4% Japan, 8.0% United Kingdom, 7.9% Asia Pacific Ex-Japan,

3.9% Other, -4.2%


Performance Chart


9.18% 1.92% 5.11% 4.50% 4.80% 5.68%

8.28% 3.25% 7.56% 6.16% 6.34% 6.35%

Benchmark

Page 1 of 2The information provided herein is subject to our disclaimer set out at the end of this document.

Since Inception*

GreatLink Global Supreme Fund 3.39%

Benchmark 3.87%


50% MSCI World Net & 50% FTSE World Gov Bond Index (unhedged) 1.35% p.a.Fund Management

Fee

50

100

150

200

250

Jul-99 Jul-01 Jul-03 Jul-05 Jul-07 Jul-09 Jul-11 Jul-13 Jul-15 Jul-17 Jul-19


GREATLINKGLOBAL SUPREME FUNDas at 30 June 2020

Portfolio Weightings

Top 10 Holdings

JAPAN GOVT 20-YR FIXED COUPON 1.500000 MATURITY 20340320 2.0%

MICROSOFT CORP 1.8%


Europe ex-UK, 26.3%

Cash & Cash Equivalents, 12.4%

United Kingdom, 8.0%

Japan, 7.9%

Asia Pacific ex-Japan, 3.9%

Other, -4.2%


12

Balan

ced F

unds

GREATLINK GLOBAL OPTIMUM FUND report as at 30 June 2020


FUND FACTS


FUND OBJECTIVE

The Fund's objective is to provide long-term total return in excess of the custom benchmark while managing the overall risk of the portfolio. The Fund shall invest in a broad mix of global equities and bonds in a wide range of industries and companies in various countries. The allocation for each asset class will be managed in such a way that seeks to maximize the overall risk-adjusted performance of the Fund. The Fund is 40% invested in global equities which invest into AB FCP I – Global Equity Blend Portfolio managed by AllianceBernstein (Singapore) Ltd, and 60% in global bonds managed by Loomis, Sayles & Company, L.P.

Inception Date 23 May 2001Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Medium to High Risk – Broadly

DiversifiedBenchmark 40% MSCI World, net & 60%

FTSE World Government Bond Index (unhedged)^

Offer Price SGD 1.484Bid Price SGD 1.409Bid Offer Spread 5.0%Fund Size SGD 30.6 mFund Manager Lion Global Investors LtdSub Managers Equity:

AllianceBernstein (Singapore) Ltd Fixed Income: Loomis, Sayles & Company, L.P.



GreatLink Global Optimum Fund 8.89% 4.76% 7.64% 4.35% 4.48% 4.23% 2.09%

Benchmark ^ 6.59% 4.26% 7.71% 5.88% 6.01% 5.58% 3.96%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark: 40% MSCI World, gross & 60% Citigroup World Government Bond Index, unhedged from launch till

14 May 2007, 40% MSCI World, net & 60% Citigroup World Government Bond Index^^, unhedged with effect from 15 May 2007.

^^ The rebranded name of Citigroup World Government Bond Index is FTSE World Government Bond Index.

AllianceBernstein Global Equity Fund, 39.0%

United State of America, 23.0%

Europe ex-UK, 17.6% Japan, 10.9% United Kingdom, 5.2% Cash & Cash Equivalents,

2.2% Asia Pacific Ex-Japan,

1.8% Other, 0.3%


GREATLINKGLOBAL OPTIMUM FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


8.89% 4.76% 7.64% 4.35% 4.48% 4.23%

6.59% 4.26% 7.71% 5.88% 6.01% 5.58%

The information provided herein is subject to our disclaimer set out at the end of this document. Page 1 of 2

Benchmark 40% MSCI World, net & 60% FTSE World Government Bond Index (unhedged)^ Fund Management Fee 1.35% p.a.

Since Inception*

GreatLink Global Optimum Fund 2.09%

Benchmark 3.96%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark: 40% MSCI World, gross & 60% Citigroup World Government Bond Index, unhedged from launch till 14 May 2007, 40% MSCI World, net & 60% Citigroup World Government Bond Index^^, unhedged with effect from 15 May 2007. ^^ The rebranded name of Citigroup World Government Bond Index is FTSE World Government Bond Index.

Subscription Mode Cash & SRS Fund Size SGD 30.6 m

Risk Category Medium to High Risk - Broadly Diversified

Fund Manager Lion Global Investors Ltd

Sub Managers

Equity:AllianceBernstein (Singapore) LtdFixed Income:Loomis, Sayles & Company, L.P.

Dealing Frequency Daily Bid Price SGD 1.409Fund Currency SGD Bid Offer Spread 5.0%

The Fund's objective is to provide long-term total return in excess of the custom benchmark while managing the overall risk of the

portfolio. The Fund shall invest in a broad mix of global equities and bonds in a wide range of industries and companies in various

countries. The allocation for each asset class will be managed in such a way that seeks to maximize the overall risk-adjusted

performance of the Fund. The Fund is 40% invested in global equities which invest into AB FCP I – Global Equity Blend Portfolio

managed by AllianceBernstein (Singapore) Ltd, and 60% in global bonds managed by Loomis, Sayles & Company, L.P.

Inception Date 23 May, 2001 Offer Price SGD 1.484

50

100

150

200

May-01 May-03 May-05 May-07 May-09 May-11 May-13 May-15 May-17 May-19


GREATLINKGLOBAL OPTIMUM FUNDas at 30 June 2020


Top 10 Holdings

SPANISH GOV'T FIXED COUPON 1.450000 MATURITY 20271031 1.4%

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a ProductHighlights Sheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the productsummary and the Product Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation ofunits are excluded in the calculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarilyindicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority of Singapore.

The Great Eastern Life Assurance Company Limited (Reg No. 1908 00011G)

1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659

Product Enquiry: +65 6248 2211 / greateasternlife.com


BTPS FIXED COUPON 1.350000 MATURITY 20300401 1.7%

BTPS FIXED COUPON 5.250000 MATURITY 20291101 1.5%


US TREASURY N/B FIXED COUPON 1.875000 MATURITY 20211130 1.9%

JAPAN GOVT 2-YR FIXED COUPON .100000 MATURITY 20210601 1.8%


AB GLOBAL EQTY BLEND 39.0%


FRANCE O.A.T. FIXED COUPON 4.500000 MATURITY 20410425 1.9%

AllianceBernstein Global Equity Fund, 39.0%


Europe ex-UK, 17.6%

Japan, 10.9%




Other, 0.3%


13

PORTFOLIO WEIGHTINGS#

GREATLINK INCOME FOCUS FUND report as at 30 June 2020

FUND FACTS FUND OBJECTIVEThe Fund aims to provide regular income and long term capital growth by investing primarily in a portfolio of income generating securities globally. This Fund invests all or substantially into JPMorgan Investment Funds - Global Income Fund (SGD-Hedged) and JPMorgan Funds – Asia Pacific Income Fund (SGD-Hedged) (“Underlying Funds”), both managed by JPMorgan Asset Management (Europe) S.à r.l.


Balan

ced F

unds

Inception Date 24 July 2007Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk - Broadly

DiversifiedBenchmark Composite of Underlying Funds'

Benchmark^+

Fund Management Fee 1.35% p.a.Offer Price SGD 0.791Bid Price SGD 0.751Bid Offer Spread 5.0%Fund Size SGD 38.9 mFund Manager JPMorgan Asset Management

(Europe) S.à r.l.Underlying Funds JPMorgan Investment Funds(Fund Size) - Global Income Fund (USD 26,998.6 m) JPMorgan Funds - Asia Pacific

Income Fund (USD 1,709.4 m)

PERFORMANCE ON BID–BID BASIS (%)3 mths 6 mths 1 year 3 years* 5 years* 10 years* Since Inception* Since Restructuring*

GreatLink Income Focus Fund 8.99% -8.32% -6.33% 0.02% 1.65% 1.85% 0.01% 2.60%

Benchmark 12.16% -2.67% 2.14% 4.13% 5.09% 4.28% 4.11% 5.38%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# Information refers to 50% of JPMorgan Investment Funds - Global Income Fund and 50% of JPMorgan Funds – Asia Pacific Income Fund. *JPMorgan Asset Management imposes a 30-day embargo on their holdings, hence there is a 1-month lag.+ Since inception to 30 April 2014: benchmark was 12-month Singapore Interbank Bid Rate + 2.5% From 1 May 2014 to 15 October 2014: benchmark was 12-month Singapore Inter-Bank Offer Rate (SIBOR) + 2.25%. Effective 16 October 2014, the benchmark is the new composite benchmark.^ Composite benchmark comprises of ‘Barclays US High Yield 2% Issuer Cap Index (Total Return Gross) hedged to SGD, MSCI World Index (Total

Return Net) hedged to SGD, Barclays Global Credit Index (Total Return Gross) hedged to SGD, MSCI All Country Asia Pacific ex Japan Index (Total Return Net), J.P.Morgan Asia Credit Index (Total Return Gross).

Equities, 36.9% High Yield Bonds, 24.5% Investment Grade Bonds, 18.3% REITs, 4.7% Non-Agency Securitized, 3.4% Preferred Equity, 3.4% Emerging Markets Debt, 1.1% Convertible Bonds, 1.0% Strategic Beta Global

Infrastructure, 1.0% Agency Securitized, 0.3%

Short Duration Fixed Income, 0.1%


GREATLINKINCOME FOCUS FUNDas at 30 June 2020

Portfolio Weightings#

Top 10 Holdings As At 31 May 2020* Dividend History**

2.3% 2.125%

2.2% 2.125%

1.4% 2.125%

1.3% 2.125%

1.0% 2.125%

0.9% 2.125%

0.7% 2.125%

0.7% 2.125%

0.7% 2.125%

0.6% 2.125%

May 2018

November 2018

May 2019

November 2019

May 2020

SAMSUNG ELECTRONICS CO., LTD.

TAIWAN SEMICONDUCTOR

CLP HOLDINGS LIMITED

HONG KONG EXCHANGES & CLEARING LTD.

BRAMBLES LIMITED

November 2015

May 2016

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product HighlightsSheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and theProduct Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund andthe income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in thecalculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likelyperformance. This advertisement has not been reviewed by the Monetary Authority of Singapore.

The Great Eastern Life Assurance Company Limited (Reg No. 1908 00011G)1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659Product Enquiry: +65 6248 2211 / greateasternlife.com


CHINA MERCHANTS BANK CO., LTD.# Information refers to 50% of JPMorgan Investment Funds - Global Income Fund and 50% of JPMorgan Funds – Asia Pacific Income Fund. *JPMorgan Asset Management imposes a 30-day embargo on their holdings, hence there is a 1-month lag.

** Dividend distributions are not guaranteed and are made at the Manager’s discretion

+ Since inception to 30 April 2014: benchmark was 12-month Singapore Interbank Bid Rate + 2.5%. From 1 May 2014 to 15 October 2014: benchmark was 12-month Singapore Inter-Bank Offer Rate (SIBOR) + 2.25%. Effective 16 October 2014, the benchmark is the new composite benchmark.

CHINA MOBILE LIMITED

PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.

TATA CONSULTANCY SERVICES LIMITED

MAPLETREE LOGISTICS TRUST

May 2017

November 2017

November 2016

Equities, 36.9%High Yield Bonds, 24.5%Investment Grade Bonds, 18.3%Cash, 5.3%REITs, 4.7%Non-Agency Securitized, 3.4%Preferred Equity, 3.4%Emerging Markets Debt, 1.1%Convertible Bonds, 1.0%Strategic Beta Global Infrastructure, 1.0%Agency Securitized, 0.3%Short Duration Fixed Income, 0.1%

GREATLINKINCOME FOCUS FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart

3 mths 6 mths 1 Year 3 Years* 5 Years* 10 Years* Since Inception*

Since Restructuring*

8.99% -8.32% -6.33% 0.02% 1.65% 1.85% 0.01% 2.60%

12.16% -2.67% 2.14% 4.13% 5.09% 4.28% 4.11% 5.38%

Benchmark Composite of Underlying Funds' Benchmark^+Underlying Funds(Fund Size)

JPMorgan Investment Funds - Global Income Fund(USD 26,998.6m) JPMorgan Funds - Asia Pacific Income Fund(USD 1,709.4m)




Benchmark

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Composite benchmark comprises of ‘Barclays US High Yield 2% Issuer Cap Index (Total Return Gross) hedged to SGD, MSCI World Index (Total Return Net) hedged to SGD, Barclays Global Credit Index (Total Return Gross) hedged to SGD, MSCI All Country Asia Pacific ex Japan Index (Total Return Net), J.P.Morgan Asia Credit Index (Total Return Gross)’.


Fund ManagerJPMorgan Asset Management (Europe) S.à r.l.

Risk Category Higher Risk - Broadly Diversified


The Fund aims to provide regular income and long term capital growth by investing primarily in a portfolio of income generating securities

globally. This Fund invests all or substantially into JPMorgan Investment Funds - Global Income Fund (SGD-Hedged) and JPMorgan Funds

– Asia Pacific Income Fund (SGD-Hedged) (“Underlying Funds”), both managed by JPMorgan Asset Management (Europe) S.à r.l.

Inception Date 24 July, 2007 Offer Price SGD 0.791

60

80

100

120

140

Jul-07 Jul-09 Jul-11 Jul-13 Jul-15 Jul-17 Jul-19


Since Inception Since Restructuring

60

80

100

120

140

Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19

Since Restructuring


14

Balan

ced F

unds

GREATLINK LION ASIAN BALANCED FUND report as at 30 June 2020




The ILP Sub-Fund aims to provide long-term total returns consistently in excess of the custom benchmark while managing the overall risk of the portfolio by investing into the equity markets of Asia Pacific (ex Japan) as well as primarily in bonds and other debt securities denominated in Singapore Dollars, through SGD share class of Aberdeen Standard Pacific Equity Fund (“Underlying Equity Fund”) and SGD share class of LionGlobal Singapore Fixed Income Investment (“Underlying FI Fund”) respectively.

Inception Date 1 February 2008Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS, CPFIS – OA & SARisk Category Medium to High Risk – Narrowly

FocusedFund Management Fee 1.35% p.a.Benchmark 50% MSCI AC Asia Pacific

Ex-Japan Index (Gross) + 50% JP Morgan Singapore Government Bond Index^

Offer Price SGD 1.266Bid Price SGD 1.202Bid Offer Spread 5.0%Fund Size SGD 61.3 mFund Manager Lion Global Investors LtdSub-Manager Aberdeen Standard Investments

(Asia) Limited Underlying Equity Fund(Fund Size)

Aberdeen Standard Pacific Equity Fund(SGD 1.4 b)

Underlying Bond Fund (Fund Size)

LionGlobal Singapore Fixed Income Investment (SGD 123.4 m)


GreatLink Lion Asian Balanced Fund 9.47% 1.61% 5.44% 3.50% 4.06% 2.70% 1.91%

Benchmark 9.44% 2.40% 7.14% 4.68% 5.15% 4.84% 3.88%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Since inception to 30 June 2013: Benchmark was 50% MSCI All Countries Asia Pacific ex Japan Index (Net) + 50% JP Morgan Singapore Government Bond Index. Effective 1 July 2013, the benchmark is 50% MSCI All Countries Asia Pacific ex Japan Index (Gross) + 50% JP Morgan Singapore Government Bond Index.# Information refers to Aberdeen Standard Pacific Equity Fund and LionGlobal Singapore Fixed Income Investment.

Equities, 54.0% Fixed Income, 46.0%


GREATLINKLION ASIAN BALANCED FUNDas at 30 June 2020


Top 10 Holdings#

8.9%

TOP 5 EQUITY HOLDINGS OF ABERDEEN STANDARD PACIFIC EQUITY FUND

TOP 5 BOND HOLDINGS OF LION GLOBAL INVESTORS FIXED INCOME INVESTMENT

PING AN INSURANCE 3.9%# Information refers to Aberdeen Standard Pacific Equity Fund and LionGlobal Singapore Fixed Income Investment.* Aberdeen Global – Indian Equity Fund is offered in Singapore as a restricted foreign scheme.

^ Since inception to 30 June 2013: Benchmark was 50% MSCI All Countries Asia Pacific ex Japan Index (Net) + 50% JP Morgan Singapore Government Bond Index. Effective 1 July 2013, the benchmark is 50% MSCI All Countries Asia Pacific ex Japan Index (Gross) + 50% JP Morgan Singapore Government Bond Index.

SINGAPORE (GOVT OF) 3.5% 01/03/2027 5.7%

SINGAPORE (REPUBLIC OF) 2.875% 01/07/2029 5.0%

TENCENT HOLDINGS 9.5%


SINGAPORE GOVERNMENT 2.75% 01/03/2046 5.8%

SINGAPORE GOVERNMENT 2.25% 01/08/2036

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a ProductHighlights Sheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the productsummary and the Product Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of theunits in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation ofunits are excluded in the calculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarilyindicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority of Singapore.



SAMSUNG ELECTRONICS (PREF) 7.8%

TSMC 6.5%

ABERDEEN STANDARD CHINA OPPORTUNITIES FUND 4.3%

Equities, 54.0%

Fixed Income, 46.0%

GREATLINKLION ASIAN BALANCED FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


9.47% 1.61% 5.44% 3.50% 4.06% 2.70%

9.44% 2.40% 7.14% 4.68% 5.15% 4.84%

GreatLink Lion Asian Balanced Fund 1.91%

Benchmark 3.88%



Benchmark50% MSCI AC Asia Pacific ex Japan Index (Gross) + 50% JP Morgan Singapore Government Bond Index^

Underlying Equity Fund (Fund Size)

Aberdeen Standard Pacific Equity Fund(SGD 1.4 b)

Since Inception*

Fund Management Fee 1.35% p.a. Underlying Bond Fund (Fund Size)

LionGlobal Singapore Fixed Income Investment (SGD 123.4 m)

Subscription Mode Cash, SRS, CPFIS – OA & SA Fund Size SGD 61.3 m

Risk Category Medium to High Risk - Narrowly FocusedFund Manager Lion Global Investors Ltd

Sub Managers Aberdeen Standard Investments (Asia) Limited


The ILP Sub-Fund aims to provide long-term total returns consistently in excess of the custom benchmark while managing the overall

risk of the portfolio by investing into the equity markets of Asia Pacific (ex Japan) as well as primarily in bonds and other debt securities

denominated in Singapore Dollars, through SGD share class of Aberdeen Standard Pacific Equity Fund (“Underlying Equity Fund”) and

SGD share class of LionGlobal Singapore Fixed Income Investment (“Underlying FI Fund”) respectively.

Inception Date 1 February, 2008 Offer Price SGD 1.266

60

80

100

120

140

160

Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20



15


GreatLink Diversified Growth Portfolio# 11.10% -0.79% 5.48% - - - 4.45%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# The inception date for GreatLink Diversifed Growth Portfolio is 18 April 2019.^ As each of the active funds and ETFs has their own respective benchmarks, there is no suitable composite benchmark that best represent

the performance of these benchmarks.

GREATLINK DIVERSIFIED GROWTH PORTFOLIO report as at 30 June 2020

FUND FACTS



FUND OBJECTIVE The Fund's objective aims to generate capital appreciation over the long term by investing primarily in a diversified portfolio of active funds and exchange-traded funds (ETFs). The Underlying Fund targets an above average level of portfolio risk and will be invested in a mix of asset classes that aims to suit an investor with an above average tolerance for risk. The country of domicile of the Underlying Fund is Singapore.

Inception Date 18 April 2019Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRS Risk Category Higher Risk – Broadly DiversifiedBenchmark N.A.Fund Management 0.50% p.a.Offer Price SGD 1.054Bid Price SGD 1.001Bid Offer Spread 5.0%Fund Size SGD 3.8 mUnderlying Fund Size SGD 34.7 mUnderlying Fund LionGlobal All Seasons Growth

FundFund Manager Lion Global Investors Ltd

Asia Pacific, 31.7% Singapore, 21.8% United States, 21.7% Europe, 17.5% Japan, 6.2% Cash Equivalent, 1.1%

GREATLINKDIVERSIFIED GROWTH PORTFOLIOas at 30 June 2020


Top 10 Holdings

# Information refers to Lionglobal All Seasons Growth Fund.

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product HighlightsSheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and theProduct Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and theincome accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in thecalculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likelyperformance. This advertisement has not been reviewed by the Monetary Authority of Singapore.


LIONGLOBAL ASIA BOND FD SGDH 9.0%

LYXOR CORE STOXX EUROPE 600 DR ETF 7.0%

LIONGLOBAL JAPAN GROWTH FUND 6.2%

LIONGLOBAL SHORT DURATION BOND FUND 11.6%

DB X - TRACKERS EURO STOXX 50 UCITS ETF DR 10.5%

LIONGLOBAL TEAM FUND SINGAPORE FIXED INCOME INVESTMENT 10.2%

VANGUARD S&P 500 UCITS ETF 21.7%

LIONGLOBAL ASIA PACIFIC FUND S$ 22.6%

Asia Pacific, 31.7%

Singapore, 21.8%

United States, 21.7%

Europe, 17.5%

Japan, 6.2%

Cash Equivalent, 1.1%


GREATLINKDIVERSIFIED GROWTH PORTFOLIOas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


11.10% -0.79% 5.48% - - -

Since Inception*

GreatLink Diversified Growth Portfolio # 4.45%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment. * Performance figures longer than 1 year are annualised.# The inception date for GreatLink Diversifed Growth Portfolio is 18 April 2019.

^ As each of the active funds and ETFs has their own respective benchmarks, there is no suitable composite benchmark that best represent the performance of these benchmarks.

Lion Global Investors Ltd

SGD 34.7 m

Benchmark ^ N.A. Underlying Fund LionGlobal All Seasons Growth Fund

Fund Management Fee 0.50% p.a. Fund Manager


Risk Category Higher Risk - Broadly Diversified Underlying Fund Size


The Fund's objective aims to generate capital appreciation over the long term by investing primarily in a diversified portfolio of active funds

and exchange-traded funds (ETFs). The Underlying Fund targets an above average level of portfolio risk and will be invested in a mix of asset

classes that aims to suit an investor with an above average tolerance for risk. The country of domicile of the Underlying Fund is Singapore.

Inception Date 18 April, 2019 Offer Price SGD 1.054

85

90

95

100

105

110

Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20


Balan

ced F

unds


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GREATLINK GLOBAL EQUITY FUND report as at 30 June 2020



The Fund's objective is to seek long-term capital appreciation by investing primarily in a diversified portfolio of common stocks globally. PORTFOLIO WEIGHTINGS

Inception Date 1 August 2000Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk – Broadly

DiversifiedBenchmark MSCI World Index with Net

Dividends ReinvestedOffer Price SGD 1.294Bid Price SGD 1.229Bid Offer Spread 5.0%Fund Size SGD 66.5 mFund Manager Goldman Sachs (Singapore)

Pte. Ltd.Fund Management Fee 1.60% p.a.


GreatLink Global Equity Fund 19.67% -2.69% 2.93% 4.92% 6.98% 9.72% 1.30%

Benchmark 16.94% -2.24% 6.04% 7.17% 7.66% 9.95% 3.36%




2.29% Asia Pacific Ex-Japan,

2.22% Other, -0.24%


GREATLINKGLOBAL EQUITY FUNDas at 30 June 2020


Top 10 Holdings

ALPHABET INC-C 1.2%

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and aProduct Highlights Sheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors shouldread the product summary and the Product Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are notguaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable throughdeduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic or marketpredictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed bythe Monetary Authority of Singapore.



PROCTER & GAMBLE CO/THE 1.3%

NVIDIA CORP 1.3%

ROCHE HLDG-GENUS 1.3%

FACEBOOK INC-A 1.7%

ALPHABET INC-A 1.6%

PAYPAL HOLDINGS INC 1.6%

APPLE INC 5.0%

AMAZON.COM INC 3.8%

MICROSOFT CORP 3.5%


Europe ex-UK, 13.98%

Japan, 9.40%




Other, -0.24%

GREATLINKGLOBAL EQUITY FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


19.67% -2.69% 2.93% 4.92% 6.98% 9.72%

16.94% -2.24% 6.04% 7.17% 7.66% 9.95%


Benchmark MSCI World Index with Net Dividends Reinvested


Since Inception*

GreatLink Global Equity Fund 1.30%

Benchmark 3.36%



Risk Category Higher Risk - Broadly Diversified Fund Manager Goldman Sachs (Singapore) Pte. Ltd.


The Fund's objective is to seek long-term capital appreciation by investing primarily in a diversified portfolio of commonstocks globally.

Inception Date 1 August, 2000 Offer Price SGD 1.294

20

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100

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140

Aug-00 Aug-02 Aug-04 Aug-06 Aug-08 Aug-10 Aug-12 Aug-14 Aug-16 Aug-18



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GREATLINK GLOBAL PERSPECTIVE FUND report as at 30 June 2020



FUND FACTS FUND OBJECTIVE The ILP Sub-Fund invests all or substantially into the USD share class of the Capital Group New Perspective Fund (LUX) (“Underlying Fund”) which aims to achieve long-term growth of capital by investing in common stocks of companies located around the world. The country of domicile of the Underlying Fund is Luxembourg.


GreatLink Global Opportunities Fund 20.82% 4.42% 13.07% 6.82% 5.98% 6.99% 2.12%

Benchmark 16.81% -2.74% 5.29% 7.42% 8.06% 10.44% 5.10%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# The underlying fund was restructured from Aberdeen Standard Global Opportunites to Capital Group New Perspective Fund and Capital Group

replaced Aberdeeen Standard with effect from 23 May 2019. ^ Benchmark: MSCI AC World Index with Net Dividends Reinvested w.e.f 23 May 2019. MSCI World Index with Net Dividends Reinvested from

launch till 22 Nov 2010, MSCI World Index, gross dividends reinvested from 23 Nov 2010 till 22 May 2019.

Inception Date 25 March 2002Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Broadly DiversifiedBenchmark "MSCI AC World Index with

Net Dividends Reinvested^"Fund Management Fee 1.60% p.a.Offer Price SGD 1.467Bid Price SGD 1.393Bid Offer Spread 5.0%Fund Size SGD 126.6 mUnderlying Fund Size USD 10,022 mUnderlying Fund Capital Group New Perspective

Fund (LUX)Fund Manager Capital Group

North America, 57.7% Europe, 23.0% Emerging Market, 6.7% Japan, 5.1% Cash and equivalents,

4.3% Pacific ex Japan, 3.2%


GREATLINKGLOBAL PERSPECTIVE FUNDas at 30 June 2020


Top 10 Holdings#

FACEBOOK 3.2%

TSMC 2.3%

ASML 2.1%

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product HighlightsSheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and theProduct Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and theincome accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculationof fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. Thisadvertisement has not been reviewed by the Monetary Authority of Singapore.



ALPHABET 2.0%

MASTERCARD INC. 1.8%

NETFLIX. INC. 1.6%

PAYPAL HOLDINGS INC 1.4%# Information refers to Capital Group New Perspective Fund (LUX).

3.3%

AMAZON.COM 4.5%

TESLA INC. 3.7%

MICROSOFT

North America, 57.7%

Europe, 23.0%

Emerging Markets, 6.7%

Cash , 5.1%

Japan, 4.3%

Pacific ex Japan, 3.2%

GREATLINKGLOBAL PERSPECTIVE FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


20.82% 4.42% 13.07% 6.82% 5.98% 6.99%

16.81% -2.74% 5.29% 7.42% 8.06% 10.44%

GreatLink Global Perspective Fund 2.12%

Benchmark 5.10%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# The underlying fund was restructured from Aberdeen Standard Global Opportunites to Capital Group New Perspective Fund and Capital Group replaced Aberdeeen Standard with effect from 23 May 2019. ^ Benchmark: MSCI AC World Index with Net Dividends Reinvested w.e.f 23 May 2019. MSCI World Index with Net Dividends Reinvested from launch till 22 Nov 2010, MSCI World Index, gross dividends reinvested from 23 Nov 2010 till 22 May 2019.


Benchmark MSCI AC World Index with Net Dividends Reinvested^ Underlying Fund # Capital Group New Perspective

Fund (LUX)

Since Inception*

Fund Management Fee 1.60% p.a. Fund Manager # Capital Group

Subscription Mode Cash, SRS & CPFIS – OA Fund Size SGD 126.6 m

Risk Category Higher Risk - Broadly Diversified Underlying Fund Size SGD 10,022 m


The ILP Sub-Fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economicand political relationships by investing in common stocks of companies located around the world. In pursuing its primary investment objective, the ILP Sub-Fund invests primarily in common stocks that the Investment Adviser believes have the potential for growth. In pursuing itssecondary objective, the ILP Sub-Fund invests in common stocks of companies with the potential to pay dividends in the future. The eligibleinvestment countries for the ILP Sub-Fund include any country.

Inception Date 25 March, 2002 Offer Price SGD 1.467

50

75

100

125

150

175

Mar-02 Mar-06 Mar-10 Mar-14 Mar-18


Since Inception

50

75

100

125

150

Apr-19

Jun-19

Aug-19

Oct-19

Dec-19

Feb-2

0Apr-

20Jun

-20

Since RestructuringSince Inception Since Restructuring


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GREATLINK GLOBAL THEMATIC FUND report as at 30 June 2020


FUND FACTS FUND OBJECTIVE The investment objective of the ILP Sub-Fund is to seek long-term growth of capital by investing in a global universe of companies in multiple industries that are positively exposed to environmentally- or socially-oriented sustainable investment themes. It invests all or substantially into Luxembourg-registered AB SICAV I – Sustainable Global Thematic Portfolio (“Underlying Fund”). The country of domicile of the Underlying Fund is Luxembourg. PORTFOLIO WEIGHTINGS#


GreatLink Global Thematic Fund ## 24.36% 10.01% 16.71% 11.54% 9.75% 9.67% 3.62%

Benchmark 16.81% -2.74% 5.29% 6.60% 7.33% 9.78% 4.60%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.

* Performance figures longer than 1 year are annualised.^ Effective 28 October 2016, GreatLink Global Growth Trends Portfolio has been restructured to GreatLink Thematic Research Portfolio.

Accordingly, the benchmark has also been changed from the MSCI World Index (with Net Dividends Reinvested) to the MSCI AC World Index.

## Effective 31 October 2018, GreatLink Thematic Research Portfolio is renamed as GreatLink Global Thematic Fund and invests into AB SICAV I – Sustainable Global Thematic Portfolio, which was renamed from AB SICAV I – Global Growth Trends Portfolio.

# Information refers to AB SICAV I – Sustainable Global Thematic Portfolio

Inception Date 15 August, 2001Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk - Broadly DiversifiedBenchmark MSCI AC World Index^Fund Management Fee 1.60% p.a.Offer Price SGD 1.956Bid Price SGD 1.858Bid Offer Spread 5.0%Fund Size SGD 27.2 mUnderlying Fund Size USD 889.67 mUnderlying Fund AB SICAV I - Sustainable Global

Thematic Portfolio##

Fund Manager AllianceBernstein (Singapore) Ltd.

United States, 49.3% Netherlands, 9.6% Ireland, 5.5% Other, 5.5% Denmark, 5.4% Germany, 5.3% Japan, 4.6% Switzerland, 4.4% France, 4.1% China, 3.6% India, 2.8%

GreatLink Global Thematic Fund ##

GREATLINK

as at 30 June 2020


Top 10 Holdings#

KONINKLIJKE PHILIPS 2.4%

WEST PHARMACEUTICAL 2.3%

INFINEON TECHNOLOGIES 2.2%


VESTAS WIND SYSTEMS 2.2%

TECAN GROUP 2.2%# Information refers to AB SICAV I – Sustainable Global Thematic Portfolio

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet inrelation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product HighlightsSheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to theunits, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Pastreturns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has notbeen reviewed by the Monetary Authority of Singapore.




CHR HANSEN 2.7%

BIO-RAD LABORATORIES 2.7%

GERRESHEIMER 2.6%

MSCI 2.8%

ADYEN 2.9%

GLOBAL THEMATIC FUND

United States, 49.3% Netherlands, 9.6%

Ireland, 5.5% Other, 5.5%

Denmark, 5.4% Germany, 5.3%

Japan, 4.6% Switzerland, 4.4%

France, 4.1% China, 3.6%

India, 2.8%

GREATLINK

as at 30 June 2020

Fund Objective

Fund Information

Performance Chart


24.36% 10.01% 16.71% 11.54% 9.75% 9.67%

16.81% -2.74% 5.29% 6.60% 7.33% 9.78%

Since Inception*

GreatLink Global Thematic Fund # 3.62%

Benchmark 4.60%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Effective 28 October 2016, GreatLink Global Growth Trends Portfolio has been restructured to GreatLink Thematic Research Portfolio. Accordingly, the benchmark has also been changed from the MSCI World Index (with Net Dividends Reinvested) to the MSCI AC World Index.# Effective 31 October 2018, GreatLink Thematic Research Portfolio is renamed as GreatLink Global Thematic Fund and invests into AB SICAV I – Sustainable Global Thematic Portfolio, which was renamed from AB SICAV I – Global Growth Trends Portfolio.


Benchmark MSCI AC World Index^ Underlying Fund AB SICAV I – Sustainable Global Thematic Portfolio #

Fund Management Fee 1.60% p.a. Fund Manager AllianceBernstein (Singapore) Ltd.


Risk Category Higher Risk - Broadly Diversified Underlying Fund Size USD 889.67 m

GLOBAL THEMATIC FUND

The investment objective of the ILP Sub-Fund is to seek long-term growth of capital by investing in a global universe of companies in multipleindustries that are positively exposed to environmentally- or socially-oriented sustainable investment themes. It invests all or substantially intoLuxembourg-registered AB SICAV I – Sustainable Global Thematic Portfolio (“Underlying Fund”). The country of domicile of the Underlying Fund isLuxembourg.

Inception Date 15 August, 2001 Offer Price SGD 1.956Dealing Frequency Daily Bid Price SGD 1.858Fund Currency SGD Bid Offer Spread 5.0%

40

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160

200

240

Aug-01 Aug-03 Aug-05 Aug-07 Aug-09 Aug-11 Aug-13 Aug-15 Aug-17 Aug-19

GreatLink Global Thematic Fund #


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GREATLINK GLOBAL EQUITY ALPHA FUND report as at 30 June 2020


FUND FACTS


FUND OBJECTIVE

The Fund invests all or substantially into the USD share class of the Schroder International Selection Fund Global Equity Alpha* (“Underlying Fund”) managed by Schroder Investment Management Limited. The fund objective is to provide capital growth primarily through investment in equity and equity related securities of companies worldwide. In order to achieve the objective, Schroder Investment Management Limited will invest in a select portfolio of securities, which it believes offer the best potential for future growth. The country of domicile of the Underlying Fund is Luxembourg and its base currency is the US Dollar.


GreatLink Global Equity Alpha Fund 16.62% 0.55% 7.81% 6.83% 6.44% 7.43% 1.66%

Benchmark 16.94% -2.24% 6.04% 7.17% 7.66% 9.95% 5.00%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark: MSCI World Index, gross dividends reinvested from launch till 14 May 2007, MSCI World Index, net dividends reinvested wef 15 May

2007.# Information refers to Schroder International Selection Fund - Global Equity Alpha

Inception Date 25 March 2002Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk - Broadly DiversifiedBenchmark MSCI World Index with Net

Dividends Reinvested^Fund Management Fee 1.60% p.a.Offer Price SGD 1.352Bid Price SGD 1.284Bid Offer Spread 5.0%Fund Size SGD 126.6 mUnderlying Fund Size USD 1344.7 mUnderlying Fund Schroder International Selection

Fund - Global Equity AlphaFund Manager Schroder Investment Management

Ltd ('Schroders')

Americas, 65.1% Europe ex-UK/Middle

East, 21.4% Emerging Markets, 6.3% United Kingdom, 5.0% Pacific Ex-Japan, 1.6% Liquid Assets, 0.6% Japan, 0.4%


GREATLINK

as at 30 June 2020


Top 10 Holdings#


JPMORGAN CHASE 2.4%

INTUIT 2.4%# Information refers to Schroder International Selection Fund – Global Equity Alpha

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet in relationto the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product Highlights Sheet beforedeciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic ormarket predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority ofSingapore.




FACEBOOK 3.4%

UNITEDHEALTH GROUP 2.9%

DANONE 2.5%

VISA 4.5%

AMAZON.COM 4.3%

ADOBE 3.9%

ALPHABET 4.6%

MICROSOFT 4.8%

GLOBAL EQUITY ALPHA FUND

Americas, 65.1%

Europe ex-UK/Middle East, 21.4%

Emerging Markets, 6.3%


Pacific ex-Japan, 1.6%

Liquid Assets, 0.6%

GREATLINK

as at 30 June 2020

Fund Objective

Fund Information

Performance Chart


16.62% 0.55% 7.81% 6.83% 6.44% 7.43%

16.94% -2.24% 6.04% 7.17% 7.66% 9.95%

Since Inception*

GreatLink Global Equity Alpha Fund 1.66%

Benchmark 5.00%


^ Benchmark: MSCI World Index, gross dividends reinvested from launch till 14 May 2007, MSCI World Index, net dividends reinvested wef 15 May 2007.


Benchmark MSCI World Index with Net Dividends Reinvested^ Underlying Fund Schroder International Selection

Fund - Global Equity Alpha

Fund Management Fee 1.60% p.a. Fund Manager Schroder Investment Management Ltd ('Schroders')


Risk Category Higher Risk - Broadly Diversified Underlying Fund Size USD 1344.7 m

GLOBAL EQUITY ALPHA FUND

The Fund invests all or substantially into the USD share class of the Schroder International Selection Fund Global Equity Alpha* (“Underlying Fund”)managed by Schroder Investment Management Limited. The fund objective is to provide capital growth primarily through investment in equity and equityrelated securities of companies worldwide. In order to achieve the objective, Schroder Investment Management Limited will invest in a select portfolio ofsecurities, which it believes offer the best potential for future growth. The country of domicile of the Underlying Fund is Luxembourg and its base currencyis the US Dollar.

Inception Date 25 March, 2002 Offer Price SGD 1.352Dealing Frequency Daily Bid Price SGD 1.284Fund Currency SGD Bid Offer Spread 5.0%

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GREATLINK EUROPEAN EQUITY FUND report as at 30 June 2020



The Fund aims for long-term capital growth and income through investment primarily in listed equity, of issuers domiciled and/or having their principal place of business in European countries. Preservation of capital is also a priority. The Fund shall invest substantially into Capital Group European Growth and Income Fund (LUX)(“Underlying Fund”) managed by Capital Group through its member, Capital Research and Management Company (CRMC). The country of domicile of the Underlying Fund is Luxembourg.


GreatLink European Equity Fund 11.32% -14.97% -9.74% -3.51% -1.17% 4.69% 0.02%

Benchmark 12.93% -9.52% -3.88% 0.43% 2.18% 5.64% 1.78%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# Information refers to Capital Group European Growth and Income Fund (LUX).

Inception Date 10 July 2000Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark MSCI Europe Index with Net

Dividends ReinvestedFund Management Fee 1.60% p.a.Offer Price SGD 1.005Bid Price SGD 0.954Bid Offer Spread 5.0%Fund Size SGD 17.2 mUnderlying Fund Size SGD 328.5 mUnderlying Fund Capital Group European Growth

and Income Fund (LUX)Fund Manager Capital Group


United Kingdom, 29.6% France, 14.9% Germany, 12.2% Spain, 8.1% Netherlands, 7.2% Switzerland, 6.7% Cash, 5.2% Sweden, 4.3% Other, 3.9% Portugal, 2.5%

Ireland, 2.0% Finland, 1.9% Italy, 1.5%

GreatLink European Equity Fund

GREATLINKEUROPEAN EQUITY FUNDas at 30 June 2020


Top 10 Holdings#


PROSUS N.V. CLASS N 2.6%

DEUTSCHE POST 2.6%# Information refers to Capital Group European Growth and Income Fund (LUX)

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet inrelation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the ProductHighlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the incomeaccruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fundreturns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. Thisadvertisement has not been reviewed by the Monetary Authority of Singapore.




KERING 2.7%

GVC HOLDINGS PLC 2.7%

TAG IMMOBILIEN AG 2.6%

E.ON 3.8%

TAYLOR WOODROW PLC 3.2%

NATIONAL GRID PLC 2.8%

IMPERIAL BRANDS 4.1%

NOVARTIS 4.1%

United Kingdom, 29.6%France, 14.9%Germany, 12.2%Spain, 8.1%Netherlands, 7.2%Switzerland, 6.7%Cash, 5.2%Sweden, 4.3%Other, 3.9%Portugal, 2.5%Ireland, 2.0%Finland, 1.9%Italy, 1.5%

GREATLINKEUROPEAN EQUITY FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


11.32% -14.97% -9.74% -3.51% -1.17% 4.69%

12.93% -9.52% -3.88% 0.43% 2.18% 5.64%

Since Inception*

GreatLink European Equity Fund 0.02%

Benchmark 1.78%



Benchmark MSCI Europe Index with Net Dividends Reinvested Underlying Fund Capital Group European Growth

and Income Fund (LUX)

Fund Management Fee 1.60% p.a. Fund Manager Capital Group


Risk Category Higher Risk - Narrowly Focused Underlying Fund Size SGD 328.5 m


The Fund aims for long-term capital growth and income through investment primarily in listed equity, of issuers domiciled and/or having their

principal place of business in European countries. Preservation of capital is also a priority. The Fund shall invest substantially into Capital Group

European Growth and Income Fund (LUX)(“Underlying Fund”) managed by Capital Group through its member, Capital Research and

Management Company (CRMC). The country of domicile of the Underlying Fund is Luxembourg.


40

60

80

100

120

140

Jul-00 Jul-02 Jul-04 Jul-06 Jul-08 Jul-10 Jul-12 Jul-14 Jul-16 Jul-18GreatLink European Equity Fund


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GREATLINK GLOBAL TECHNOLOGY FUND report as at 30 June 2020


The objective of the Fund is to achieve long-term capital growth through investment in global technology stocks. It offers exposure to the rapidly growing adoption of technology across economies worldwide. Specifically, it aims to achieve high returns by investing in technology companies as well as in a range of industries where the growth opportunities have been impacted by technological developments. PORTFOLIO WEIGHTINGS


GreatLink Global Technology Fund 30.29% 18.83% 31.80% 21.61% 18.93% 18.85% 3.37%

Benchmark 28.03% 19.06% 36.17% 22.35% 20.73% 17.47% 5.01%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark: MSCI World IT Index from launch till 28 Feb 2003, MSCI AC World IT Gross index wef 1 Mar 2003, MSCI AC World IT Free, Net

Index wef 1 Nov 06 & MSCI All Country World Custom Technology Index, net of dividends reinvested, converted into Singapore dollars wef 1 Jan 2019.

Inception Date 15 January 2001Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark MSCI All Country World Custom

Technology Index, net of dividends reinvested, converted into Singapore dollars^

Fund Management Fee 1.60% p.a.Offer Price SGD 1.907Bid Price SGD 1.811Bid Offer Spread 5.0%Fund Size SGD 220.3 mFund Manager Lion Global Investors LtdSub Manager Wellington Management Singapore

Pte Ltd


Software & Services, 46.3%

Semiconductors & Semiconductor Equipment, 21.1%

Media, 14.7% Retailing, 12.8% Technology Hardware &

Equipment, 3.9% Cash & Cash Equivalents,

1.6% Other, -0.4%

GreatLink Global Technology Fund

GREATLINKGLOBAL TECHNOLOGY FUNDas at 30 June 2020


Top 10 Holdings

AMAZON.COM INC 7.7%

MICROSOFT CORP 8.7%

GLOBAL PAYMENTS INC 5.6%

FACEBOOK INC-A 4.9%

VISA INC-CLASS A 4.7%


TENCENT HOLDINGS LTD 3.6%

PAYPAL HOLDINGS INC 3.5%

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a ProductHighlights Sheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the productsummary and the Product Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value ofthe units in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium orcancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority of Singapore.




SALESFORCE.COM INC 4.1%

MARVELL TECHNOLOGY GROUP LTD 3.9%

ADVANCED MICRO DEVICES INC 3.6%

Software & Services, 46.3%

Semiconductors & Semiconductor Equipment, 21.1%

Media, 14.7%

Retailing, 12.8%

Technology Hardware & Equipment, 3.9%


Other, -0.4%

GREATLINKGLOBAL TECHNOLOGY FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


30.29% 18.83% 31.80% 21.61% 18.93% 18.85%

28.03% 19.06% 36.17% 22.35% 20.73% 17.47%

The objective of the Fund is to achieve long-term capital growth through investment in global technology stocks. It offers exposureto the rapidly growing adoption of technology across economies worldwide. Specifically, it aims to achieve high returns by investingin technology companies as well as in a range of industries where the growth opportunities have been impacted by technologicaldevelopments.

Inception Date 15 January, 2001 Offer Price SGD 1.907Dealing Frequency Daily Bid Price SGD 1.811Fund Currency SGD Bid Offer Spread 5.0%

Fund Size SGD 220.3 mRisk Category Higher Risk - Narrowly Focused Fund Manager Lion Global Investors Ltd

BenchmarkMSCI All Country World Custom Technology Index with Net Dividends Reinvested, converted into Singapore dollars^


Subscription Mode Cash, SRS & CPFIS – OA

Since Inception*

GreatLink Global Technology Fund 3.37%

Benchmark 5.01%


^ Benchmark: MSCI World IT Index from launch till 28 Feb 2003, MSCI AC World IT Gross index wef 1 Mar 2003, MSCI AC World IT Free, Net Index wef 1 Nov 06 & MSCI All Country World Custom Technology Index, net of dividends reinvested, converted into Singapore dollars wef 1 Jan 2019.


Wellington Management Singapore Pte Ltd Sub Manager

0

40

80

120

160

200

240

Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Jan-19GreatLink Global Technology Fund


22

Glob

al Eq

uity




2.3% Other, 0.6%


GREATLINK GLOBAL REAL ESTATE SECURITIES FUND report as at 30 June 2020

FUND FACTS FUND OBJECTIVE The investment objective of the Fund is to seek to provide investors with medium to long term capital appreciation and to make regular income distributions by investing globally in (a) equity securities of companies that derive a substantial part of their revenue from the ownership, management and/or development of real estate and (b) Real Estate Investment Trusts (REITs) listed or traded in a regulated market.

Inception Date 8 June 2005Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark FTSE EPRA/NAREIT Developed

Index Net TRI^Fund Management Fee 1.60% p.a.Offer Price SGD 0.856Bid Price SGD 0.813Bid Offer Spread 5.0%Fund Size SGD 339.9 mFund Manager Lion Global Investors LtdSub Manager PGIM Inc




7.97% -13.97% -9.37% 0.94% 2.36% 6.46% 2.94%

Benchmark 7.84% -18.38% -13.65% -1.17% 1.91% 6.51% 2.86%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark was changed on 1 October 2016 from S&P Citigroup BMI World Property Index, Net Total Return Index to FTSE EPRA/NAREIT

Developed Index Net TRI.


GREATLINK

as at 30 June 2020


Top 10 Holdings Dividend History*

6.0% 4.25%

3.6% 4.25%

2.8% 4.00%

2.8% 3.50%

2.4% 4.50%

2.4% 4.00%

2.1% 4.00%

2.1% 4.50%

2.1% 4.25%

2.0% 4.50%

4.00%

4.00%

4.00%

4.50%

Year 2010

Page 2 of 2The information provided herein is subject to our disclaimer set out at the end of this document.



Year 2019

GLOBAL REAL ESTATE SECURITIES FUND

Year 2018

Year 2012

Year 2011

Year 2013

ESSEX PROPERTY TRUST INC

REXFORD INDUSTRIAL REALTY INC

Year 2006

Year 2007

Year 2008

Year 2009

Year 2017

* Dividend distributions are not guaranteed and are made at the Manager’s discretion

Year 2015

PROLOGIS INC

INVITATION HOMES INC

VONOVIA SE

WELLTOWER INC

EQUITY LIFESTYLE PROPERTIES INC

SEGRO PLC

AMERICOLD REALTY TRUST

AVALONBAY COMMUNITIES INC

Year 2014

Year 2016



Europe ex-UK, 12.7%

Japan, 10.8%



Other, 0.6%

GREATLINK

as at 30 June 2020

Fund Objective

Fund Information

Performance Chart


7.97% -13.97% -9.37% 0.94% 2.36% 6.46%

7.84% -18.38% -13.65% -1.17% 1.91% 6.51%

Fund Manager

Dealing Frequency Daily Bid Price SGD 0.813Fund Currency SGD Bid Offer Spread 5.0%Subscription Mode Cash, SRS & CPFIS – OA Fund Size SGD 339.9 mRisk Category

Benchmark FTSE EPRA/NAREIT Developed Index Net TRI

The investment objective of the Fund is to seek to provide investors with medium to long term capital appreciation and to make regular income

distributions by investing globally in (a) equity securities of companies that derive a substantial part of their revenue from the ownership,

management and/or development of real estate and (b) Real Estate Investment Trusts (REITs) listed or traded in a regulated market.

Inception Date 8 June, 2005 Offer Price SGD 0.856

Page 1 of 2

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark was changed on 1 October 2016 from S&P Citigroup BMI World Property Index, Net Total Return Index to FTSE EPRA/NAREIT Developed Index Net TRI.

Fund Management Fee 1.60% p.a. Sub Manager PGIM Inc

Since Inception*

GreatLink Global Real Estate Securities Fund 2.94%

Benchmark 2.86%

The information provided herein is subject to our disclaimer set out at the end of this document.

GLOBAL REAL ESTATE SECURITIES FUND

Higher Risk - Narrowly FocusedLion Global Investors Ltd

40

80

120

160

200

Jun-05 Jun-07 Jun-09 Jun-11 Jun-13 Jun-15 Jun-17 Jun-19



23

GREATLINK GLOBAL EMERGING MARKETS EQUITY FUND report as at 30 June 2020

FUND FACTS


FUND OBJECTIVE

The Fund invests principally in areas experiencing rapid economic growth including countries in Latin America, Emerging Asia, Africa, Eastern Europe (including Russia) and the Middle East. This ILP Sub-Fund invests all or substantially into the Fidelity Funds - Emerging Markets Fund (SR-ACC-SGD) managed by FIL Fund Management Limited. The country of domicile of the Underlying Fund is Luxembourg. PORTFOLIO WEIGHTINGS#

PERFORMANCE ON BID–BID BASIS (%)3 mths 6 mths 1 year 3 years* 5 years* Since Inception*

GreatLink Global Emerging MarketsEquity Fund

15.76% -7.15% 0.50% 2.76% 3.65% 5.42%

Benchmark 15.69% -6.40% -0.38% 2.34% 3.59% 3.11%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# Information refers to Fidelity Funds – Emerging Markets Fund SR-ACC-SGD

Inception Date 23 January 2013Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark MSCI Emerging Markets Free Net

of Luxembourg Tax IndexFund Management Fee 1.60% p.a.Offer Price SGD 1.477Bid Price SGD 1.403Bid Offer Spread 5.0%Fund Size SGD 132.9 mUnderlying Fund Size SGD 6,409 mUnderlying Fund Fidelity Funds – Emerging

Markets FundFund Manager FIL Fund Management Limited

('Fidelity')

China, 39.8% India, 11.4% Taiwan, 9.0% Korea (South), 8.5% South Africa, 7.1% Hong Kong, 6.4% Russia, 5.1% Others, 4.3% Mexico, 2.5% Germany, 2.4%

Indonesia, 2.3% Cash, 1.1%

GreatLink Global Emerging Markets Equity Fund

GREATLINK

as at 30 June 2020


Top 10 Holdings#

MIDEA GROUP CO LTD 3.3%# Information refers to Fidelity Funds – Emerging Markets Fund SR-ACC-SGD

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product HighlightsSheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and theProduct Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund andthe income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in thecalculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likelyperformance. This advertisement has not been reviewed by the Monetary Authority of Singapore.





HDFC BANK LTD 4.9%

CHINA MENGNIU DAIRY CO 4.7%

ZHONGSHENG GROUP HOLDINGS LTD 4.4%

SAMSUNG ELECTRONICS CO LTD 5.4%

TENCENT HLDGS LTD 5.0%

AIA GROUP LTD 4.9%

ALIBABA GROUP HOLDING LTD 9.5%

TAIWAN SEMICONDUCTR MFG CO LTD 6.6%

NASPERS LTD 5.5%

GLOBAL EMERGING MARKETS EQUITY FUND

China, 39.8% India, 11.4%

Taiwan, 9.0% Korea (South), 8.5%

South Africa, 7.1% Hong Kong, 6.4%

Russia, 5.1% Others, 4.3%

Mexico, 2.5% Germany, 2.4%


GREATLINK

as at 30 June 2020

Fund Objective

Fund Information

Performance Chart

3 mths 6 mths 1 Year 3 Years* 5 Years*

15.76% -7.15% 0.50% 2.76% 3.65%

15.69% -6.40% -0.38% 2.34% 3.59%

Subscription Mode Cash, SRS & CPFIS – OA Fund Size

Dealing Frequency Daily Bid Price

3.11%



Since Inception*

GreatLink Global Emerging Markets Equity Fund 5.42%

Benchmark

Underlying Fund Size SGD 6,409 m

Fidelity Funds – Emerging Markets Fund

Fund Management Fee 1.60% p.a. Fund Manager FIL Fund Management Limited ('Fidelity')

Benchmark MSCI Emerging Markets Free Net of Luxembourg Tax Index Underlying Fund

GLOBAL EMERGING MARKETS EQUITY FUND

The Fund invests principally in areas experiencing rapid economic growth including countries in Latin America, Emerging Asia, Africa,

Eastern Europe (including Russia) and the Middle East. This ILP Sub-Fund invests all or substantially into the Fidelity Funds - Emerging

Markets Fund (SR-ACC-SGD) managed by FIL Fund Management Limited. The country of domicile of the Underlying Fund is Luxembourg.

Inception Date 23 January, 2013 Offer Price SGD 1.477SGD 1.403

Fund Currency SGD Bid Offer Spread 5.0%SGD 132.9 m

Risk Category Higher Risk - Narrowly Focused

80

100

120

140

160

180

Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20

GreatLink Global Emerging Markets Equity FundGl

obal

Equit

y


24

Asian

Equit

yGREATLINK ASIA HIGH DIVIDEND EQUITY FUND report as at 30 June 2020


This Fund constituted in Singapore aims to provide long term capital growth by investing primarily in equities or equity-linked securities (including, but not limited to, preference shares, real estate investment trusts, depository receipts) of companies in the Asia Pacific (ex Japan) region that offer attractive dividend yields and sustainable dividend payments.

Inception Date 10 July 2000Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk – Narrowly FocusedBenchmark MSCI AC Asia Pacific Ex-Japan

Index^Fund Management Fee 1.50% p.a.Offer Price SGD 0.936Bid Price SGD 0.889Bid Offer Spread 5.0%Fund Size SGD 38.6 mUnderlying Fund Size SGD 67.2 mUnderlying Fund LGlobal Funds – Asia High

Dividend Equity FundFund Manager Lion Global Investors Ltd

China, 35.9% Australia, 13.1% Taiwan, 11.2% Korea, South, 10.5% Hong Kong, 9.6% Cash Equivalent, 6.9% India, 6.2% Singapore, 3.3% Thailand, 1.6% Indonesia, 1.1% Malaysia, 0.4% Philippines, 0.3%



PERFORMANCE ON BID–BID BASIS (%)3 mths 6 mths 1 year 3 years* 5 years* 10 years* Since Inception* Since Restructuring*


14.71% -3.48% 2.10% 2.98% 1.10% 3.38% 0.69% 2.02%

Benchmark 16.03% -2.59% 2.78% 3.71% 5.12% 6.19% 2.65% 5.15%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ MSCI AC Asia Pacific Index from launch till 31 Oct 2001, MSCI AC Asia Pacific (Free) Index wef 1 Nov 2001 (subsequently named MSCI AC

Asia Pacific Index on 30 Jan 2004). With effect from 13 July 2015, the benchmark is changed to MSCI AC Asia Pacific ex Japan Index.


GREATLINKASIA HIGH DIVIDEND EQUITY FUNDas at 30 June 2020


Top 10 Holdings# Dividend History*

7.3% March 2017 1.097%

6.0% June 2017 1.105%

6.0% September 2017 1.132%

5.7% December 2017 1.112%

2.5% March 2018 0.908%

2.4% June 2018 0.905%

2.3% September 2018 0.887%

2.0% December 2018 0.910%

1.7% March 2019 0.885%

1.7% June 2019 0.845%

0.864%

0.843%

0.924%

0.772%

TENCENT HOLDINGS LTD

TAIWAN SEMICONDUCTOR MANUFAC

ALIBABA GROUP HOLDING-SP ADR

SAMSUNG ELECTRONICS CO LTD

BHP GROUP LTD

* Dividend distributions are not guaranteed and are made at the Manager’s discretion

CHINA CONSTRUCTION BANK-H


DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheetin relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the ProductHighlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the incomeaccruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fundreturns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. Thisadvertisement has not been reviewed by the Monetary Authority of Singapore.


# Information refers to LGlobal Funds - Asia High Dividend Equity FundALIBABA GROUP HOLDING LTD

AIA GROUP LTD

NATIONAL AUSTRALIA BANK LTD

RELIANCE INDUSTRIES LTD

September 2019

December 2019

March 2020

June 2020

China, 35.9%Australia, 13.1%Taiwan, 11.2%Korea, South, 10.5%Hong Kong, 9.6%Cash Equivalent, 6.9%India, 6.2%Singapore, 3.3%Thailand, 1.6%Indonesia, 1.1%Malaysia, 0.4%Philippines, 0.3%

GREATLINKASIA HIGH DIVIDEND EQUITY FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart

3 mths 6 mths 1 Year 3 Years* 5 Years* 10 Years* Since Inception*

Since Restructuring*

14.71% -3.48% 2.10% 2.98% 1.10% 3.38% 0.69% 2.02%

16.03% -2.59% 2.78% 3.71% 5.12% 6.19% 2.65% 5.15%


This Fund constituted in Singapore aims to provide long term capital growth by investing primarily in equities or equity-linked securities

(including, but not limited to, preference shares, real estate investment trusts, depository receipts) of companies in the Asia Pacific (ex Japan)

region that offer attractive dividend yields and sustainable dividend payments.



Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ MSCI AC Asia Pacific Index from launch till 31 Oct 2001, MSCI AC Asia Pacific (Free) Index wef 1 Nov 2001 (subsequently named MSCI AC Asia Pacific Index on 30 Jan 2004). With effect from 13 July 2015, the benchmark is changed to MSCI AC Asia Pacific ex Japan Index.

Benchmark


Underlying Fund Size SGD 67.2 m

Fund Management Fee 1.50% p.a. Fund Manager Lion Global Investors Ltd

Underlying Fund LGlobal Funds - Asia High Dividend Equity Fund

Risk Category Higher Risk - Narrowly Focused

MSCI AC Asia Pacific ex Japan Index^Benchmark


40

60

80

100

120

140

160

Jul-00 Jul-03 Jul-06 Jul-09 Jul-12 Jul-15 Jul-18


40

60

80

100

120

140

Jul-15 Jul-16 Jul-17 Jul-18 Jul-19

Since Inception Since Restructuring


25

Asian

Equit

y

GREATLINKASIA PACIFIC EQUITY FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


16.27% -2.69% 1.82% 3.00% 3.93% 2.53%

16.10% -2.49% 3.04% 3.99% 5.33% 6.12%

The ILP Sub-Fund aims to provide holders with medium to long-term capital growth by investing all or substantially all its assets in the Aberdeen

Standard Pacific Equity Fund (“Underlying Fund”) which in turns invests in a diversified portfolio of Asian-Pacific equities excluding Japanese

equities and as a feeder fund to invest in the equity-based Asia Pacific sub-funds of the Aberdeen Standard Select Portfolio, namely the Aberdeen

Standard China Opportunities Fund, the Aberdeen Standard Indonesia Equity Fund, the Aberdeen Standard Malaysian Equity Fund, the Aberdeen

Standard Singapore Equity Fund and the Aberdeen Standard Thailand Equity Fund, and invests up to 10% of its deposited property in the

Aberdeen Global – Indian Equity Fund1, a sub-fund of the Luxembourg-registered Aberdeen Global. Aberdeen Standard Pacific Equity Fund

(“Underlying Fund”) is managed by Aberdeen Standard Investments (Asia) Limited, its country of domicile is Singapore and base currency is

Singapore dollars.

Inception Date 26 April, 1996 Offer Price SGD 2.708Dealing Frequency Daily Bid Price SGD 2.572Fund Currency SGD Bid Offer Spread 5.0%Subscription Mode Cash, SRS & CPFIS – OA Fund Size SGD 590.0 m

Risk Category Higher Risk - Narrowly Focused Underlying Fund Size SGD 1.4 b

Benchmark MSCI AC Asia Pacific ex Japan Index (Gross)^ Underlying Fund Aberdeen Standard Pacific Equity Fund

Fund Management Fee 1.50% p.a. Fund Manager Aberdeen Standard Investments (Asia) Limited

Since Inception*

GreatLink Asia Pacific Equity Fund 4.21%

Benchmark 4.34%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.1 Aberdeen Global – Indian Equity Fund is offered in Singapore as a restricted foreign scheme.^ The benchmark was changed in January 1999 from the DBS CPF index to the MSCI All Country Asia Pacific Free ex Japan (Net). Effective 1 July 2013, benchmark is MSCI All Countries Asia Pacific ex Japan (Gross).


50

100

150

200

250

300

350

Apr-96 Apr-98 Apr-00 Apr-02 Apr-04 Apr-06 Apr-08 Apr-10 Apr-12 Apr-14 Apr-16 Apr-18 Apr-20



GREATLINK ASIA PACIFIC EQUITY FUND report as at 30 June 2020

FUND FACTS FUND OBJECTIVE The ILP Sub-Fund aims to provide holders with medium to long-term capital growth by investing all or substantially all its assets in the Aberdeen Standard Pacific Equity Fund (“Underlying Fund”) which in turns invests in a diversified portfolio of Asian-Pacific equities excluding Japanese equities and as a feeder fund to invest in the equity-based Asia Pacific sub-funds of the Aberdeen Standard Select Portfolio, namely the Aberdeen Standard China Opportunities Fund, the Aberdeen Standard Indonesia Equity Fund, the Aberdeen Standard Malaysian Equity Fund, the Aberdeen Standard Singapore Equity Fund and the Aberdeen Standard Thailand Equity Fund, and invests up to 10% of its deposited property in the Aberdeen Global – Indian Equity Fund1, a sub-fund of the Luxembourg-registered Aberdeen Global. Aberdeen Standard Pacific Equity Fund (“Underlying Fund”) is managed by Aberdeen Standard Investments (Asia) Limited, its country of domicile is Singapore and base currency is Singapore dollars.

Inception Date 26 April 1996Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark MSCI AC Asia Pacific ex-Japan

Index (Gross)^Fund Management Fee 1.50% p.a.Offer Price SGD 2.708Bid Price SGD 2.572Bid Offer Spread 5.0%Fund Size SGD 590.0 mUnderlying Fund Size SGD 1.4 bUnderlying Fund Aberdeen Standard Pacific Equity

Fund Sub Manager Aberdeen Standard Investments

(Asia) Limited



GreatLink Asia Pacific Equity Fund 16.27% -2.69% 1.82% 3.00% 3.93% 2.53% 4.21%

Benchmark 16.10% -2.49% 3.04% 3.99% 5.33% 6.12% 4.34%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.1 Aberdeen Global – Indian Equity Fund is offered in Singapore as a restricted foreign scheme.^ The benchmark was changed in January 1999 from the DBS CPF index to the MSCI All Country Asia Pacific Free ex Japan (Net). Effective

1 July 2013, benchmark is MSCI All Countries Asia Pacific ex Japan (Gross).# Information refers to Aberdeen Standard Pacific Equity Fund.


GREATLINKASIA PACIFIC EQUITY FUNDas at 30 June 2020


Top 10 Holdings#

SAMSUNG ELECTRONICS (PREF) 7.8%


TSMC 6.5%

ABERDEEN STANDARD CHINA OPPORTUNITIES FUND 4.3%

PING AN INSURANCE 3.9%

CSL 3.3%

CHINA RESOURCES LAND 2.8%

ABERDEEN STANDARD SINGAPORE EQUITY FUND 2.6%


ABERDEEN STANDARD THAILAND EQUITY FUND 2.4%

NEW INDIA INVESTMENT TRUST 2.3%# Information refers to Aberdeen Standard Pacific Equity Fund* Aberdeen Global – Indian Equity Fund is offered in Singapore as a restricted foreign scheme.





China/Hong Kong, 40.7% Australia, 11.1%

India, 9.7% South Korea, 8.8%

Taiwan, 7.2% Singapore, 5.9%


Philippines, 2.4% Thailand, 2.4%

Netherlands, 1.7% Malaysia, 1.4%

New Zealand, 0.8% Sri Lanka, 0.4%

China/Hong Kong, 40.7% Australia, 11.1% India, 9.7% Australia, 9.0% South Korea, 8.8% Taiwan, 7.2% Singapore, 5.9% Indonesia, 4.2% Cash, 3.2% Philippines, 2.4% Thailand, 2.4% Netherlands, 1.7% Malaysia, 1.4% New Zealand, 0.8% Sri Lanka, 0.4%


26

Asian

Equit

y

Hong Kong, 40.4% United States, 12.1% Taiwan, 11.6% South Korea, 11.3% Cash & Cash Equivalents,

8.8% China, 8.3% Singapore, 3.6% Australia, 1.4% Indonesia, 1.3%

Other, 1.2%

GREATLINK FAR EAST EX JAPAN EQUITIES FUND report as at 30 June 2020


FUND FACTS


FUND OBJECTIVE

The Fund's objective is to maximize capital growth through investing primarily in equities of companies based in China, Hong Kong, Indonesia, South Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, and also in other Asia Pacific regions except Japan.


GreatLink Far East Ex-Japan Equities Fund

13.48% 1.09% 10.38% 6.53% 6.49% 5.02% 6.07%

Benchmark 13.99% 0.26% 7.18% 4.66% 5.55% 6.41% 6.91%


Inception Date 25 March 2002Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk – Narrowly FocusedBenchmark MSCI AC Far East Ex-Japan Index

with Net Dividends ReinvestedFund Management Fee 1.50% p.a.Offer Price SGD 2.934Bid Price SGD 2.787Bid Offer Spread 5.0%Fund Size SGD 62.6 mFund Manager Lion Global Investors Ltd


GREATLINK

as at 30 June 2020


Top 10 Holdings

FAR EAST EX JAPAN EQUITIES FUND

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet in relationto the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product Highlights Sheet beforedeciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic ormarket predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority ofSingapore.





HONG KONG EXCHANGES & CLEARING LTD 2.4%

DBS GROUP HOLDINGS LTD 2.3%

SK HYNIX INC 2.2%

TENCENT HOLDINGS LTD 10.2%

ALIBABA GROUP HOLDING LTD 8.3%

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 7.8%

NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC 2.0%

SAMSUNG ELECTRONICS CO LTD 7.0%

CHINA CONSTRUCTION BANK CORP 4.2%

AIA GROUP LTD 3.2%

Hong Kong, 40.4%United States, 12.1%

Taiwan, Province of China, 11.6%

Korea, Republic of, 11.3%


China, 8.3%

Singapore, 3.6%

Australia, 1.4%

Indonesia, 1.3%

Other, 1.2%

GREATLINKFAR EAST EX JAPAN EQUITIES FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


13.48% 1.09% 10.38% 6.53% 6.49% 5.02%

13.99% 0.26% 7.18% 4.66% 5.55% 6.41%

The Fund's objective is to maximize capital growth through investing primarily in equities of companies based in China, Hong Kong, Indonesia, SouthKorea, Malaysia, Philippines, Singapore, Taiwan, Thailand, and also in other Asia Pacific regions except Japan.

Inception Date 25 March, 2002 Offer Price SGD 2.934Dealing Frequency Daily Bid Price SGD 2.787Fund Currency SGD Bid Offer Spread 5.0%Subscription Mode Cash & SRS Fund Size SGD 62.6 mRisk Category Higher Risk - Narrowly Focused Fund Manager Lion Global Investors Ltd


Benchmark MSCI AC Far East Ex Japan Index with Net Dividends Reinvested Fund Management Fee 1.50% p.a.

Since Inception*

GreatLink Far East Ex Japan Equities Fund 6.07%

Benchmark 6.91%


50

100

150

200

250

300

350




27

Asian

Equit

y

GREATLINK ASEAN GROWTH FUND report as at 30 June 2020


The Fund's objective is to achieve long term capital appreciation by investing in equities in the economies of the ASEAN region.



GreatLink ASEAN Growth Fund 17.16% -17.88% -19.63% -4.66% -1.26% 1.93% 4.37%

Benchmark 14.55% -15.67% -17.81% -2.77% -0.29% 2.75% 1.74%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Composite of MSCI Singapore/Malaysia/Philippines/Thailand and Indonesia (Net) from launch till 28 February 2011, then MSCI AC South East

Asia Index with Net Dividends Reinvested, from 1 March 2011 to 28 February 2017. From 1 March 2017, the benchmark has been renamed to MSCI AC ASEAN Index with Net Dividends Reinvested.

Inception Date 26 April 1996Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk – Narrowly FocusedBenchmark MSCI AC ASEAN Index with Net

Dividends ReinvestedÔffer Price SGD 2.810Bid Price SGD 2.669Bid Offer Spread 5.0%Fund Size SGD 222.2 mFund Manager Lion Global Investors LtdFund Management Fee 1.50% p.a.


Singapore, 31.2% Thailand, 23.8% Indonesia, 19.8% Philippines, 10.3% Malaysia, 10.0% Cash & Cash Equivalents,

5.3% Other, -0.3%


GREATLINKASEAN GROWTH FUNDas at 30 June 2020


Top 10 Holdings

MALAYAN BANKING BHD 2.1%

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet in relation to

the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product Highlights Sheet before deciding

whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall or rise. The

fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic or market

predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority of Singapore.




SINGAPORE TELECOMMUNICATIONS LTD 2.4%

WILMAR INTERNATIONAL LTD 2.2%

ASCENDAS REAL ESTATE INVESTMENT TRUST 2.1%

BANK RAKYAT INDONESIA PERSERO TBK PT 3.4%

CP ALL PCL-NVDR 3.0%

AIRPORTS OF THAILAND PCL 2.5%

DBS GROUP HOLDINGS LTD 7.2%

UNITED OVERSEAS BANK LTD 5.2%

BANK CENTRAL ASIA TBK PT 4.9%

Singapore, 31.2% Thailand, 23.8%

Indonesia, 19.8% Philippines, 10.3%

Malaysia, 10.0% Cash & Cash Equivalents, 5.3%

Other, -0.3%

GREATLINKASEAN GROWTH FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


17.16% -17.88% -19.63% -4.66% -1.26% 1.93%

14.55% -15.67% -17.81% -2.77% -0.29% 2.75%

Benchmark MSCI AC ASEAN Index with Net Dividends Reinvested^ Fund Management Fee 1.50% p.a.

Since Inception*

GreatLink ASEAN Growth Fund 4.37%

Benchmark 1.74%


^ Composite of MSCI Singapore/Malaysia/Philippines/Thailand and Indonesia (Net) from launch till 28 February 2011, then MSCI AC South East Asia Index with Net Dividends Reinvested, from 1 March 2011 to 28 February 2017. From 1 March 2017, the benchmark has been renamed to MSCI AC ASEAN Index with Net Dividends Reinvested.

Subscription Mode Cash & SRS Fund Size SGD 222.2 mRisk Category Higher Risk - Narrowly Focused Fund Manager Lion Global Investors Ltd


The Fund's objective is to achieve long term capital appreciation by investing in equities in the economies of the ASEAN region.


050

100150200

250300350

400

Apr-96 Apr-98 Apr-00 Apr-02 Apr-04 Apr-06 Apr-08 Apr-10 Apr-12 Apr-14 Apr-16 Apr-18 Apr-20GreatLink ASEAN Growth Fund


28

Asian

Equit

y

Industrial, 22.8% Consumer, Non-cyclical,

20.3% Technology, 18.6% Consumer, Cyclical,

13.6% Financial, 8.4% Cash Equivalent, 5.0% Basic Materials, 4.5% Real Estate, 3.6% Communication, 1.9% Energy, 0.8% Utilities, 0.6%

GREATLINK LION JAPAN GROWTH FUND report as at 30 June 2020

FUND FACTS


FUND OBJECTIVE The Fund aims to provide long-term capital growth of assets by investing primarily in quoted or listed securities in any Recognized Stock Exchange or OTC market in Japan. The investment strategy is to invest the majority of the deposited property in mid to small market capitalisation companies. There is no target industry or sector. The Fund invests all or substantially into the SGD-Hedged share class of LionGlobal Japan Growth Fund (“Underlying Fund”) managed by Lion Global Investors Limited (“Manager”). The Underlying Fund will invest the majority of the deposited property of the Underlying Fund in mid to small market capitalisation companies. The Underlying Fund will not target any specific indutry or sector. The country of domicile of the Underlying Fund is Singapore.

Inception Date 9 January 2007Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark TOPIX Total Return Index, in SGD-

Hedged terms^Fund Management Fee 1.50% p.a.Offer Price SGD 1.050Bid Price SGD 0.997Bid Offer Spread 5.0%Fund Size SGD 12.5 mUnderlying Fund Size SGD 249.0 mUnderlying Fund LionGlobal Japan Growth Fund

(SGD-Hedged)Fund Manager Lion Global Investors Ltd



GreatLink Lion Japan Growth Fund 13.94% -5.50% 6.86% 4.21% 3.05% 6.09% 0.36%

Benchmark 11.38% -8.24% 3.64% 1.97% 2.82% 4.81% -0.15%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Effective 1 March 2014, the benchmark is changed from TOPIX Price Index to TOPIX Total Return Index. Effective

30 November 2015, the benchmark is changed to TOPIX Total Return Index (calculated in SGD-Hedged).


GREATLINKLION JAPAN GROWTH FUNDas at 30 June 2020


Top 10 Holdings#

DAIKIN INDUSTRIES LTD ORD NPV 2.0%

ORIX CORP ORD NPV 2.0%

MIZUHO FINANCIAL GROUP INC ORD NPV 1.9%

# Information refers to LionGlobal Japan Growth Fund

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet inrelation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product Highlights Sheetbefore deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any,may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any othereconomic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by theMonetary Authority of Singapore.





OLYMPUS CORP ORD NPV 1.9%

SHIN-ETSU CHEMICAL CO LTD ORD NPV 1.9%

DENSO CORP ORD NPV 1.7%

MURATA MANUFACTURING CO LTD ORD NPV 1.7%

DAIICHI SANKYO CO LTD ORD NPV 2.4%

SONY CORP ORD NPV 3.1%

KEYENCE CORP ORD JPY50 3.0%

Industrial, 22.8% Consumer, Non-Cyclical, 20.3%

Technology, 18.6% Consumer, Cyclical, 13.6%

Financial, 8.4% Cash Equivalent, 5.0%

Basic Materials, 4.5% Real Estate, 3.6%

Communications, 1.9% Energy, 0.8%

Utilities, 0.6%

GREATLINKLION JAPAN GROWTH FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


13.94% -5.50% 6.86% 4.21% 3.05% 6.09%

11.38% -8.24% 3.64% 1.97% 2.82% 4.81%

GreatLink Lion Japan Growth Fund 0.36%

Benchmark -0.15%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Effective 1 March 2014, the benchmark is changed from TOPIX Price Index to TOPIX Total Return Index. Effective 30 November 2015, the benchmark is changed to TOPIX Total Return Index (calculated in SGD-Hedged).


Benchmark TOPIX Total Return Index, in SGD-Hedged terms^ Underlying Fund LionGlobal Japan Growth Fund (SGD-Hedged)

Since Inception*





The Fund aims to provide long-term capital growth of assets by investing primarily in quoted or listed securities in any Recognized Stock Exchange orOTC market in Japan. The investment strategy is to invest the majority of the deposited property in mid to small market capitalisation companies.There is no target industry or sector. The Fund invests all or substantially into the SGD-Hedged share class of LionGlobal Japan Growth Fund(“Underlying Fund”) managed by Lion Global Investors Limited (“Manager”). The Underlying Fund will invest the majority of the deposited property ofthe Underlying Fund in mid to small market capitalisation companies. The Underlying Fund will not target any specific indutry or sector. The country ofdomicile of the Underlying Fund is Singapore.

Inception Date 9 January, 2007 Offer Price SGD 1.050

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29

Asian

Equit

y

Information Technology, 26.0%

Consumer Discretionary, 25.5%

Communication Services, 13.4%

Financials, 8.5% Industrials, 7.8% Materials, 7.5% Health Care, 4.6% Real Estate, 2.9% Consumer Staples, 2.3% Liquid Assets, 1.5%

GREATLINK CHINA GROWTH FUND report as at 30 June 2020

FUND FACTS


FUND OBJECTIVE

The Fund aims to provide capital growth by investing in equities of People's Republic of China, Hong Kong SAR and Taiwan companies. The Fund invests at least two-thirds of its assets in equities of companies in People's Republic of China, Hong Kong and Taiwan.The Fund may invest directly in China B-Shares and China H-Shares and may invest up to 10% of its assets in China A-Shares through Shanghai-Hong Kong Stock Connect.The Fund may use derivatives with the aim of reducing risk or managing the fund more efficiently. The Fund may also hold cash. PORTFOLIO WEIGHTINGS#

Inception Date 9 January 2007Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS - OARisk Category Higher Risk – Narrowly FocusedBenchmark MSCI Golden Dragon Index with

Net Dividends ReinvestedFund Management Fee 1.50% p.a.Offer Price SGD 1.984Bid Price SGD 1.884Bid Offer Spread 5.0%Fund Size SGD 219.0 mUnderlying Fund Size USD 1618.0 mUnderlying Fund Schroder International Selection

Fund - Greater ChinaFund Manager Schroder Investment Management

(Hong Kong) Ltd ('Schroders')


GreatLink China Growth Fund 21.24% 10.24% 23.30% 11.48% 7.92% 7.25% 5.21%

Benchmark 13.27% 4.12% 13.31% 7.72% 6.70% 7.61% 5.42%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# Information refers to Schroder International Selection Fund - Greater China


GREATLINK

as at 30 June 2020


Top 10 Holdings#

# Information refers to Schroder International Selection Fund – Greater China

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product HighlightsSheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and theProduct Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and theincome accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculationof fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. Thisadvertisement has not been reviewed by the Monetary Authority of Singapore.





IQIYI 1.8%

SANDS CHINA 1.8%

NEWCREST MINING 1.8%

MEITUAN DIANPING 2.2%

HONG KONG EXCHANGES & CLEARING 2.0%

PRADA 2.0%


TAIWAN SEMICONDUCTOR MANUFACTURING 6.8%

CHINA LIFE INSURANCE 2.3%

CHINA GROWTH FUND

ALIBABA GROUP HOLDING 9.2%

Information Technology, 26.0%

Consumer Discretionary, 25.5%

Communication Services, 13.4%

Financials, 8.5%

Industrials, 7.8%

Materials, 7.5%

Health Care, 4.6%

Real Estate, 2.9%

Consumer Staples, 2.3%

Liquid Assets, 1.5%

GREATLINK

as at 30 June 2020

Fund Objective

Fund Information

Performance Chart


21.24% 10.24% 23.30% 11.48% 7.92% 7.25%

13.27% 4.12% 13.31% 7.72% 6.70% 7.61%



Since Inception*

GreatLink China Growth Fund 5.21%

Benchmark 5.42%

Benchmark MSCI Golden Dragon Index with Net Dividends Reinvested Underlying Fund Schroder International Selection

Fund - Greater China

Fund Management Fee 1.50% p.a. Fund ManagerSchroder Investment Management (Hong Kong) Ltd ('Schroders')


Risk Category Higher Risk - Narrowly Focused Underlying Fund Size USD 1618.0 m


CHINA GROWTH FUND

The Fund aims to provide capital growth by investing in equities of People's Republic of China, Hong Kong SAR and Taiwan companies. TheFund invests at least two-thirds of its assets in equities of companies in People's Republic of China, Hong Kong and Taiwan.The Fund mayinvest directly in China B-Shares and China H-Shares and may invest up to 10% of its assets in China A-Shares through Shanghai-Hong KongStock Connect.The Fund may use derivatives with the aim of reducing risk or managing the fund more efficiently. The Fund may also holdcash.


40

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Jan-07 Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Jan-19GreatLink China Growth Fund


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Asian

Equit

y

Financial, 22.2% Energy, 17.4% Technology, 17.3% Consumer, Non-cyclical,

16.4% Basic Materials 6.4% Consumer, Cyclical, 5.7% Industrial, 4.8% Communications, 4.4% Cash Equivalent, 3.0% Utilities 2.3%

GREATLINK LION INDIA FUND report as at 30 June 2020


FUND FACTS FUND OBJECTIVE The Fund aims for medium to long-term capital appreciation by investing in Indian equities and equity-related instruments. There is no target industry or sector for the investment. The Fund invests all or substantially into the LionGlobal India Fund (“Underlying Fund”) managed by Lion Global Investors Limited. The Underlying Fund shall invest in equities and equity-related instruments (including, without limitation, interests in property funds) of companies or institutions incorporated in, operating principally from, or deriving significant revenue from the Indian subcontinent, which includes, but is not limited to India, Bangladesh, Pakistan and Sri Lanka. The country of domicile of the Underlying Fund is Singapore.


Inception Date 9 January 2007Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk – Narrowly FocusedBenchmark MSCI India with Net Dividends

Reinvested, in SGD termsFund Management Fee 1.50% p.a.Offer Price SGD 1.099Bid Price SGD 1.044Bid Offer Spread 5.0%Fund Size SGD 58.8 mUnderlying Fund Size SGD 83.3 mUnderlying Fund LionGlobal India FundFund Manager Lion Global Investors Ltd


GreatLink Lion India Fund 16.65% -15.87% -19.01% -4.64% -1.55% -0.51% 0.70%

Benchmark 18.14% -13.84% -14.46% -1.15% 1.63% 1.69% 2.45%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.# Information refers to LionGlobal India Fund


GREATLINKLION INDIA FUNDas at 30 June 2020


Top 10 Holdings#


MAHINDRA & MAHINDRA LTD ORD INR5 (DEMAT) 2.9%

MARUTI SUZUKI INDIA LTD ORD INR5 (DMT) 2.7%# Information refers to LionGlobal India Fund

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet inrelation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the ProductHighlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the incomeaccruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fundreturns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. Thisadvertisement has not been reviewed by the Monetary Authority of Singapore.




3.0%

HOUSING DEVELOPMENT FINANCE CORP ORD INR2 6.9%

ICICI BANK LTD ORD INR10 5.5%

HINDUSTAN UNILEVER LTD ORD INR1 5.3%

TATA CONSULTANCY SERVICES LTD ORD INR1 (DMT) 5.0%

BHARTI AIRTEL LTD ORD INR5 (DEMAT) (NSE) 4.4%

HCL TECHNOLOGIES LTD ORD INR2 (DEMAT)(NSE)

INFOSYS LTD ORD INR5 (DMT) 8.1%

RELIANCE INDUSTRIES LTD ORD INR10 (DMT) 13.0%

Financial, 22.2% Energy, 17.4%

Technology, 17.3% Consumer, Non-Cyclical, 16.4%

Basic Materials, 6.4% Consumer, Cyclical, 5.7%

Industrial, 4.8% Communications, 4.4%

Cash Equivalent, 3.0% Utilities, 2.3%

GREATLINKLION INDIA FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


16.65% -15.87% -19.01% -4.64% -1.55% -0.51%

18.14% -13.84% -14.46% -1.15% 1.63% 1.69%

Since Inception*

GreatLink Lion India Fund 0.70%

Benchmark 2.45%



Benchmark MSCI India with Net Dividends Reinvested, in SGD terms Underlying Fund LionGlobal India Fund





The Fund aims for medium to long-term capital appreciation by investing in Indian equities and equity-related instruments. There is no targetindustry or sector for the investment. The Fund invests all or substantially into the LionGlobal India Fund (“Underlying Fund”) managed by LionGlobal Investors Limited. The Underlying Fund shall invest in equities and equity-related instruments (including, without limitation, interests inproperty funds) of companies or institutions incorporated in, operating principally from, or deriving significant revenue from the Indiansubcontinent, which includes, but is not limited to India, Bangladesh, Pakistan and Sri Lanka. The country of domicile of the Underlying Fund is

Singapore.


40

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160

Jan-07 Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Jan-19



31

Asian

Equit

y

FUND OBJECTIVE

The ILP Sub-Fund aims to achieve medium to long-term capital growth from a portfolio of Singapore equities. The ILP Sub-Fund invests all or substantially all into the Aberdeen Standard Singapore Equity Fund (“Underlying Fund”) managed by Aberdeen Standard Investments (Asia) Limited. The country of domicile of the Underlying Fund is Singapore and base currency is Singapore dollars.

Financials, 53.0% Industrials, 13.3% Consumer Services, 6.8% Telecommunications, 6.6% Oil & Gas, 6.6% Technology, 5.6% Healthcare, 4.3% Cash, 3.4% Consumer Goods, 0.4%


GREATLINKSINGAPORE EQUITIES FUNDas at 30 June 2020


Top 10 Holdings#


ST ENGINEERING 4.1%

AEM HOLDINGS 3.3%# Information refers to Aberdeen Standard Singapore Equity Fund

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet inrelation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product HighlightsSheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to theunits, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns,and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewedby the Monetary Authority of Singapore.




UOB 5.8%

VENTURE CORPORATION 5.3%

CITY DEVELOPMENTS 4.5%

SINGAPORE TELECOM 6.6%

KEPPEL CORPORATION 6.6%

CAPITALAND 6.0%

OCBC 11.7%

DBS GROUP 13.4%

Financials, 53.0%

Industrials, 13.3%

Consumer Services, 6.8%

Telecommunications, 6.6%

Oil & Gas, 6.6%

Technology, 5.6%

Healthcare, 4.3%

Cash, 3.4%

Consumer Goods, 0.4%

GREATLINK SINGAPORE EQUITIES FUND report as at 30 June 2020

FUND FACTS


GreatLink Singapore Equities Fund 10.45% -15.73% -15.95% -3.69% -0.68% 0.89% 4.00%

Benchmark 6.24% -17.77% -18.60% -3.35% -1.11% 2.14% 4.90%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ From 25 March 2002 till 30 June 2013, the benchmark was MSCI Singapore Free Index Net. Effective 1 July 2013, the benchmark was

changed to Straits Times Index.# Information refers to Aberdeen Standard Singapore Equity Fund

Inception Date 25 March 2002Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OARisk Category Higher Risk – Narrowly FocusedBenchmark Straits Times Index^

Fund Management Fee 1.50% p.a.Offer Price SGD 2.048Bid Price SGD 1.945Bid Offer Spread 5.0%Fund Size SGD 184.3 mUnderlying Fund Size SGD 662.4 mUnderlying Fund Aberdeen Standard Singapore

Equity FundFund Manager Aberdeen Standard Investments

(Asia) Limited



GREATLINKSINGAPORE EQUITIES FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


10.45% -15.73% -15.95% -3.69% -0.68% 0.89%

6.24% -17.77% -18.60% -3.35% -1.11% 2.14%

Since Inception*

GreatLink Singapore Equities Fund 4.00%

Benchmark 4.90%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ From 25 March 2002 till 30 June 2013, the benchmark was MSCI Singapore Free Index Net. Effective 1 July 2013, the benchmark was changed to Straits Times Index.


Benchmark Straits Times Index^ Underlying Fund Aberdeen Standard Singapore Equity Fund

Fund Management Fee 1.50% p.a. Fund Manager Aberdeen Standard Investments (Asia) Limited




The ILP Sub-Fund aims to achieve medium to long-term capital growth from a portfolio of Singapore equities. The ILP Sub-Fund invests all or

substantially all into the Aberdeen Standard Singapore Equity Fund (“Underlying Fund”) managed by Aberdeen Standard Investments (Asia) Limited.

The country of domicile of the Underlying Fund is Singapore and base currency is Singapore dollars.


0

50

100

150

200

250

300




32

Asian

Equit

yGREATLINK LION VIETNAM FUND report as at 30 June 2020


The Fund invests all or substantially into the SGD share class of LionGlobal Vietnam Fund (“Underlying Fund”) managed by Lion Global Investors Limited. The Underlying Fund aims to provide medium to long term capital appreciation by investing in equity and equity-linked instruments of companies with assets in Vietnam or companies outside Vietnam but with earnings derived from Vietnam and the Indo-China Region (which includes, but is not limited to Cambodia and Laos). The country of domicile of the Underlying Fund is Singapore.

Inception Date 1 February 2008Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRSRisk Category Higher Risk – Narrowly FocusedBenchmark FTSE Vietnam Index^

Fund Management Fee 1.50% p.a.Offer Price SGD 0.806Bid Price SGD 0.765Bid Offer Spread 5.0%Fund Size SGD 10.3 mUnderlying Fund Size SGD 112.4 mUnderlying Fund LionGlobal Vietnam FundFund Manager Lion Global Investors Ltd



GreatLink Lion Vietnam Fund 27.71% -10.00% -11.25% 4.89% 6.44% 3.28% -1.73%

Benchmark 24.59% -8.32% -10.17% 5.19% 3.09% -0.30% -5.73%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark was changed from Vietnam Stock Index to FTSE Vietnam Index wef 1 May 2012.# Information refers to LionGlobal Vietnam Fund


Real Estate, 25.2% Consumer, Non-cyclical,

23.9% Basic Materials, 11.3% Financial, 11.2% Industrial, 9.9% Consumer, Cyclical, 6.7% Technology, 6.6% Cash Equivalent, 2.3%

Energy, 1.6% Utilities, 1.3%


GREATLINKLION VIETNAM FUNDas at 30 June 2020


Top 10 Holdings#

15.0%

13.6%

11.3%

7.2%

6.9%

6.8%

6.7%

4.7%

4.2%

2.6%# Information refers to LionGlobal Vietnam Fund

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet inrelation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product HighlightsSheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units,if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and anyother economic or market predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by theMonetary Authority of Singapore.




HOA PHAT GROUP JSC ORD VND10000

VINCOM RETAIL JSC ORD VND10000

MASAN GROUP CORP ORD VND10000

JSC BANK FOR FOREIGN TRADE OF VIETNAM ORD VND10000

MOBILE WORLD INVESTMENT CORP ORD VND10000

FPT CORP ORD VND10000

AIRPORTS CORP OF VIETNAM JSC ORD VND10000

VINGROUP JSC ORD VND10000

The information provided herein is subject to our disclaimer set out at the end of this document.

VIETNAM DAIRY PRODUCTS JOINT STOCK COMAPNY ORD VND10000

VINHOMES JSC ORD VND10

Page 2 of 2

Real Estate, 25.2%

Consumer, Non-Cyclical, 23.9%Basic Materials, 11.3%

Financial, 11.2%

Industrial, 9.9%

Consumer, Cyclical, 6.7%

Technology, 6.6%

Cash Equivalent, 2.3%

Energy, 1.6%

Utilities, 1.3%

GREATLINKLION VIETNAM FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart

3 mths 6 mths 1 Year 3 Years* 10 Years* Since Inception*

27.71% -10.00% -11.25% 4.89% 3.28% -1.73%

24.59% -8.32% -10.17% 5.19% -0.30% -5.73%

5 Years*

6.44%

3.09%


Benchmark

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark was changed from Vietnam Stock Index to FTSE Vietnam Index wef 1 May 2012.


Benchmark FTSE Vietnam Index^ Underlying Fund LionGlobal Vietnam Fund





The Fund aims to achieve medium to long-term capital appreciation by investing in Vietnam. It will invest in companies listed in Vietnam and othercompanies listed elsewhere that have operations in, or derive part of their revenue from Vietnam and the Indo-China region. The Fund may also investin short-term fixed income instruments listed or traded on recognized markets within the Indo-China region. The Fund invests all or substantially intothe SGD share class of LionGlobal Vietnam Fund (“Underlying Fund”) managed by Lion Global Investors Limited. The country of domicile of theUnderlying Fund is Singapore.

Inception Date 1 February, 2008 Offer Price SGD 0.806

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33

Non-

Equit

y

Singapore, 41.9% Cash & Cash Equivalents,

20.3% Cayman Islands, 15.8% Virgin Islands (British),

5.0% Malaysia, 5.0%

South Korea, 4.1% China, 3.3% Japan, 1.4% Netherlands, 1.3% Switzerland, 1.2% Other, 0.6%

GREATLINK CASH FUND report as at 30 June 2020


The Fund's objective is to generate a return comparable to S$ time deposits.



GreatLink Cash Fund 0.53% 0.83% 1.67% 1.36% 1.22% 0.86% 1.43%

Benchmark 0.09% 0.45% 1.25% 1.18% 0.93% 0.52% 1.26%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ The fund does not accept new CPF monies with effect from 1 May 2013.

Important Note: The GreatLink Cash Fund is recommended to be used as a short term holding fund and not as a form of long term investment as the GreatLink Cash Fund may not yield returns that are higher than the prevailing CPF interest rates.

Inception Date 26 April 1996Dealing Frequency DailyFund Currency SGDSubscription Mode Cash & SRS^Risk Category Lower Risk – Broadly DiversifiedBenchmark 1-month SIBOR less 0.25% Offer Price SGD 1.409Bid Price SGD 1.338Bid Offer Spread 5.0%Fund Size SGD 45.1 mFund Manager Lion Global Investors LtdFund Management Fee 0.30% p.a.


GreatLink Cash Fund

GREATLINKCASH FUNDas at 30 June 2020


Top 10 Holdings

LAND TRANSPORT FIXED COUPON 2.730000 MATURITY 20200918 3.3%

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a ProductHighlights Sheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the productsummary and the Product Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of theunits in the Fund and the income accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation ofunits are excluded in the calculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarilyindicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority of Singapore.





DIB SUKUK LTD FIXED COUPON 3.600000 MATURITY 20210330 3.6%

AZURE ORBIT IV FIXED COUPON 3.500000 MATURITY 20210125 3.4%

MAPLETREE TREA FIXED COUPON 2.888000 MATURITY 20210621 3.3%

DANGA CAPITAL BH FIXED COUPON 3.725000 MATURITY 20200811 3.9%

UOL TREASURY FIXED COUPON 2.500000 MATURITY 20200929 3.9%

QIB SUKUK LTD FIXED COUPON 2.754000 MATURITY 20201027 3.7%

PUBLIC UTILITIES FIXED COUPON 3.520000 MATURITY 20201026 5.6%

DBS GROUP HLDGS FIXED COUPON 2.780000 MATURITY 20210111 5.6%

HOUSING & DEV FIXED COUPON 2.100000 MATURITY 20201103 3.9%

Singapore, 41.9%Cash & Cash Equivalents, 20.3%Cayman Islands, 15.8%Virgin Islands (British), 5.0%Malaysia, 5.0%Korea, Republic of, 4.1%China, 3.3%Japan, 1.4%Netherlands, 1.3%Switzerland, 1.2%Other, 0.6%

GREATLINKCASH FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


0.53% 0.83% 1.67% 1.36% 1.22% 0.86%

0.09% 0.45% 1.25% 1.18% 0.93% 0.52%


Benchmark 1-month SIBOR less 0.25% Fund Management Fee 0.30% p.a.

Since Inception*

GreatLink Cash Fund 1.43%

Benchmark 1.26%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualized.

^ The fund does not accept new CPF monies with effect from 1 May 2013.

Important Note: The GreatLink Cash Fund is recommended to be used as a short term holding fund and not as a form of long term investment as the GreatLink Cash Fund may not yield returns that are higher than the prevailing CPF interest rates.

Subscription Mode Cash & SRS^ Fund Size SGD 45.1 mRisk Category Lower Risk - Broadly Diversified Fund Manager Lion Global Investors Ltd


The Fund's objective is to generate a return comparable to S$ time deposits.


90

110

130

150

Apr-96 Apr-98 Apr-00 Apr-02 Apr-04 Apr-06 Apr-08 Apr-10 Apr-12 Apr-14 Apr-16 Apr-18 Apr-20

GreatLink Cash Fund


34

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GREATLINKSHORT DURATION BOND FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


2.46% 1.29% 3.10% 2.55% 2.63% 2.43%

0.23% 0.65% 1.59% 1.56% 1.37% 0.88% Benchmark 1.18%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment. * Performance figures longer than 1 year are annualised.

^ Benchmark was 6 Months SIBOR (Singapore Interbank Offered Rate) – 0.125% since inception till 15 October 2014. With effect from 16 October 2014, the benchmark is changed to 12-Month SIBOR – 0.25% to align the benchmark with that of the new Underlying Fund.


Since Inception*

GreatLink Short Duration Bond Fund 2.52%

Benchmark 12-month SIBOR less 0.25%^ Underlying Fund LionGlobal Short Duration Bond Fund


Subscription Mode Cash, SRS & CPFIS – OA & SA Fund Size SGD 171.7 m

Risk Category Low to Medium Risk - Narrowly Focused Underlying Fund Size SGD 546.8 m


The Fund invests all or substantially into LionGlobal Short Duration Bond Fund SGD Share Class A (“Underlying Fund”), managed by Lion Global Investors

Limited. The investment objective is to provide total return of capital growth and income over the medium to long term, through an actively managed

portfolio of Singapore and international bonds, high quality interest rate securities and other related securities. There is no target industry or sector.

While the Underlying Fund will generally invest in bonds with investment grade quality, the Underlying Fund may nonetheless also invest or expose to sub-

investment grade securities. The country of domicile of the Underlying Fund is Singapore.


90

110

130

150

170

Mar-02 Mar-04 Mar-06 Mar-08 Mar-10 Mar-12 Mar-14 Mar-16 Mar-18 Mar-20 GreatLink Short Duration Bond Fund


GreatLink Short Duration Bond Fund 2.46% 1.29% 3.10% 2.55% 2.63% 2.43% 2.52%

Benchmark 0.23% 0.65% 1.59% 1.56% 1.37% 0.88% 1.18%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment.* Performance figures longer than 1 year are annualised.^ Benchmark was 6 Months SIBOR (Singapore Interbank Offered Rate) – 0.125% since inception till 15 October 2014. With effect from 16

October 2014, the benchmark is changed to 12-Month SIBOR – 0.25% to align the benchmark with that of the new Underlying Fund.# Information refers to LionGlobal Short Duration Bond Fund

GREATLINK SHORT DURATION BOND FUND report as at 30 June 2020

FUND FACTS



FUND OBJECTIVE The Fund invests all or substantially into LionGlobal Short Duration Bond Fund SGD Share Class A (“Underlying Fund”), managed by Lion Global Investors Limited. The investment objective is to provide total return of capital growth and income over the medium to long term, through an actively managed portfolio of Singapore and international bonds, high quality interest rate securities and other related securities. There is no target industry or sector. While the Underlying Fund will generally invest in bonds with investment grade quality, the Underlying Fund may nonetheless also invest or expose to sub-investment grade securities. The country of domicile of the Underlying Fund is Singapore.

Inception Date 25 March 2002Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OA & SARisk Category Low to Medium Risk – Narrowly

FocusedBenchmark 12-month SIBOR less 0.25%^Fund Management 0.50% p.a.Offer Price SGD 1.576Bid Price SGD 1.497Bid Offer Spread 5.0%Fund Size SGD 171.7 mUnderlying Fund Size SGD 546.8 mUnderlying Fund LionGlobal Short Duration Bond

FundFund Manager Lion Global Investors Ltd


GREATLINKSHORT DURATION BOND FUNDas at 30 June 2020


Top 10 Holdings#

SEMBCORP FINANCIAL SERV SER MTN (BR) 3.64% 27/05/2024 1.3%

# Information refers to LionGlobal Short Duration Bond Fund

DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product Highlights Sheet in relation tothe Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and the Product Highlights Sheet beforedeciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and the income accruing to the units, if any, may fall orrise. The fees and charges payable through deduction of premium or cancellation of units are excluded in the calculation of fund returns. Past returns, and any other economic ormarket predictions, projections or forecasts, are not necessarily indicative of future or likely performance. This advertisement has not been reviewed by the Monetary Authority ofSingapore.





US TREASURY 1.375% 31/01/2025 1.4%


UNITED OVERSEAS BANK LTD SER EMTN (REG S) (REG) VAR 16/09/2026 1.3%

LEND LEASE RETAIL INVEST SER MTN (REG S) (BR) 3.28% 03/09/2021 1.5%

ALLGREEN TREASURY PTE (REG S) (BR) 3.15% 16/01/2025 1.5%

MANULIFE FINANCIAL CORP (REG S) (REG) VAR 25/05/2026 1.4%

IOI INVESTMENT SER EMTN (REG) 4.375% 27/06/2022 1.7%

WING TAI HOLDINGS LTD SER MTN (REG S) (BR) 4% 07/10/2021 1.7%

LB BADEN-WUERTTEMBERG (BR) (REG S) SER EMTN VAR 18/05/2027 1.6%

Singapore, 34.1% China, 29.7%

India, 5.1% United Arab Emirates, 3.7%

Cash Equivalent, 3.6% Qatar, 3.2%

Malaysia, 1.8% Thailand, 1.8%

Hong Kong, 1.7% Germany, 1.6%

Indonesia, 1.5% Others, 1.5%

Canada, 1.4% Philippines, 1.4%

United States, 1.4% Netherlands, 1.4%

Australia, 1.4% Korea, South, 1.4%

United Kingdom, 1.4% Saudi Arabia, 1.1%

Singapore, 34.1% China, 29.7% India, 5.1% United Arab Emirates, 3.7% Cash Equivalent, 3.6% Qatar, 3.2% Malaysia, 1.8% Thailand, 1.8% Hong Kong, 1.7% Germany, 1.6% Indonesia, 1.5% Others, 1.5%

Canada, 1.4% Philippines, 1.4% United States, 1.4% Netherlands, 1.4% Australia, 1.4% South Korea, 1.4% United Kingdom, 1.4% Saudi Arabia, 1.1%


35

Non-

Equit

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Europe ex-UK, 46.6% United State of America,

28.9% Cash & Cash Equivalents,

5.4% United Kingdom, 11.6% Japan, 5.4% Other, -5.3%

GREATLINK GLOBAL BOND FUND report as at 30 June 2020

FUND FACTS


FUND OBJECTIVE

The Fund's objective is to achieve excess return relative to the index while minimizing volatility of return relative to the benchmark. The Fund is a diverse, actively managed portfolio of global fixed–income securities. The Fund invests primarily in a diversified portfolio of investment grade bonds denominated in major world currencies.


GreatLink Global Bond Fund 2.15% 5.73% 6.42% 3.94% 4.17% 3.10% 3.55%

Benchmark 1.78% 5.31% 6.62% 4.44% 4.30% 3.43% 3.67%


Inception Date 15 January 2002Dealing Frequency DailyFund Currency SGDSubscription Mode Cash, SRS & CPFIS – OA & SARisk Category Low to Medium Risk – Broadly

DiversifiedBenchmark Barclays Global Aggregate Bond

Index 50% Hedged into SGDFund Management Fee 0.85% p.a.Offer Price SGD 1.903Bid Price SGD 1.807Bid Offer Spread 5.0%Fund Size SGD 369.6 mFund Manager Lion Global Investors LtdSub Manager PIMCO



GREATLINKGLOBAL BOND FUNDas at 30 June 2020


Top 10 Holdings


FNCL 2.5 9/20 FIXED COUPON 2.500000 MATURITY 1.3%


DISCLAIMER: This factsheet is compiled by Great Eastern. The information presented is for informational use only. A product summary and a Product HighlightsSheet in relation to the Fund may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary and theProduct Highlights Sheet before deciding whether to invest in the Fund. Returns on the units of the Fund are not guaranteed. The value of the units in the Fund and theincome accruing to the units, if any, may fall or rise. The fees and charges payable through deduction of premium or cancellation of units are excluded in thecalculation of fund returns. Past returns, and any other economic or market predictions, projections or forecasts, are not necessarily indicative of future or likelyperformance. This advertisement has not been reviewed by the Monetary Authority of Singapore.




JAPAN GOVT 30-YR FIXED COUPON .700000 MATURITY 20481220 1.8%


FR ZT1952 FIXED COUPON 4.000000 MATURITY 20490501 1.3%

FNCL 3 8/13 COUPON 3.000000 MATURITY 2.7%

TSY INFL IX N/B FIXED COUPON .750000 MATURITY 20280715 2.1%


NYKREDIT FIXED COUPON 1.000000 MATURITY 20501001 3.6%

G2SF 2.5 8/20 FIXED COUPON 2.500000 MATURITY 4.3%

Europe ex-UK, 46.6%




Japan, 5.4%

Other, -5.3%

GREATLINKGLOBAL BOND FUNDas at 30 June 2020

Fund Objective

Fund Information

Performance Chart


2.15% 5.73% 6.42% 3.94% 4.17% 3.10%

1.78% 5.31% 6.62% 4.44% 4.30% 3.43%

Since Inception*

GreatLink Global Bond Fund 3.55%

Benchmark 3.67%

Source: Morningstar. Performance figures are calculated on a bid-bid basis, with all dividends and distributions reinvested, taking into account all charges which would have been payable upon such reinvestment. * Performance figures longer than 1 year are annualised.


Benchmark Barclays Global Aggregate Bond Index 50% Hedged into SGD Sub Manager PIMCO


Subscription Mode Cash, SRS & CPFIS – OA & SA Fund Size SGD 369.6 m

Risk Category Low to Medium Risk - Broadly Diversified Fund Manager Lion Global Investors Ltd


The Fund's objective is to achieve excess return relative to the index while minimizing volatility of return relative to the benchmark. The Fund is

a diverse, actively managed portfolio of global fixed–income securities. The Fund invests primarily in a diversified portfolio of investment grade

bonds denominated in major world currencies.


90

110

130

150

170

190

210

Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14 Jan-16 Jan-18 Jan-20 GreatLink Global Bond Fund


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GREATLINK LIFESTYLE DYNAMIC PORTFOLIO report as at 30 June 2020

Investments in Collective Investment Schemes

Market ValueS$

% of NetAssets

FundsGreatLink Global Perspective Fund 9,358,327 25.81 GreatLink Global Equity Alpha Fund 9,763,651 26.92 GreatLink Asia Pacific Equity Fund 8,478,951 23.38 GreatLink Global Emerging Markets Equity Fund

8,663,239 23.89

36,264,168 100.00

Top 10 Holdings as at 30 June 2019 Market ValueS$

% of Net Assets

GreatLink Global Equity Alpha Fund 8,888,294 26.45 GreatLink Global Emerging Markets Equity Fund

8,450,969 25.14

GreatLink Asia Pacific Equity Fund 8,155,334 24.27 GreatLink Global Perspective Fund 8,112,192 24.14


% of NetAssets

Greatlink Global Equity Aplha Fund 9,763,651 26.92 Greatlink Global Perspective Fund 9,358,327 25.81 Greatlink Global Emerging Markets Equity Fund

8,663,239 23.89

Greatlink Asia Pacific Equity Fund 8,478,951 23.38

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37

GREATLINK LIFESTYLE DYNAMIC PORTFOLIO report as at 30 June 2020

Expense/Turnover RatiosExpense Ratio Turnover Ratio

30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lifestyle Dynamic Portfolio 1.55% 1.60% 41.42% 51.39%

Note: The expense ratio does not include (where applicable) charges for insurance coverage, brokerage and other transaction costs, performance fees, foreign exchange gains or losses, front or back end loads arising from the purchase or sale of collective investment schemes, tax deducted at source or arising out of income received, dividend and other distributions paid to unit holders and is calculated for the preceding 12 months.

Exposure to Derivatives Market Value % of NetS$ Assets

i) Market value of derivatives - Foreign Exchange Forward Contracts - - - Futures - - - Foreign Exchange Spot Contracts 15 -

ii) Net loss on derivative realised (4,736)

iii) Net gain on outstanding derivatives 10

BorrowingsPlease refer to respective ILP sub-funds.

Total amount of Subscriptions and Redemptions for the period ended 30 June 2020S$

Subscriptions 2,601,809 Redemptions 2,914,880

Related-Party TransactionsPlease refer to respective ILP sub-funds.

Any material information that will adversely impact the valuation of the fundPlease refer to respective ILP sub-funds.

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GREATLINK LIFESTYLE PROGRESSIVE PORTFOLIO report as at 30 June 2020


Market ValueS$

% of NetAssets

FundsGreatLink Global Bond Fund 20,011,522 19.35GreatLink Global Perspective Fund 21,544,358 20.83GreatLink Global Equity Alpha Fund 22,427,428 21.68GreatLink Asia Pacific Equity Fund 19,568,737 18.92GreatLink Global Emerging Markets Equity Fund

19,876,759 19.22

103,428,804 100.00


% of Net Assets

GreatLink Global Equity Alpha Fund 20,974,563 21.29GreatLink Global Emerging Markets Equity Fund

19,937,255 20.24

GreatLink Asia Pacific Equity Fund 19,384,669 19.68GreatLink Global Perspective Fund 19,227,267 19.52FGLMC 3 7/19 3.000 Maturity 750,722 0.76FNCL 3 8/13 3.000 Maturity 732,242 0.74GNSF 3 7/19 3.000 Maturity 547,689 0.56Japan Government 20-Yr 1.500 Maturity 20340320

460,672 0.47

TSY INFL IX N/B .750 Maturity 20280715 458,861 0.47Japan Government 30-Yr .700 Maturity 20481220

429,831 0.44


% of NetAssets

Greatlink Global Equity Aplha Fund 22,427,428 21.68Greatlink Global Perspective Fund 21,544,358 20.83Greatlink Global Bond Fund 20,011,522 19.35Greatlink Global Emerging Markets Equity Fund

19,876,759 19.22

Greatlink Asia Pacific Equity Fund 19,568,737 18.92

* From 1 Jan 2020 onwards, top 10 holdings will display on the GreatLink constituent fund basis.

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39

GREATLINK LIFESTYLE PROGRESSIVE PORTFOLIO report as at 30 June 2020


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lifestyle Progressive Portfolio 1.50% 1.51% 39.74% 48.30%



i) Market value of derivatives - Foreign Exchange Forward Contracts 74,502 0.07 - Futures 14,394 0.01 - Foreign Exchange Spot Contracts 8,313 0.01

ii) Net gain on derivative realised 72,161

iii) Net gain on outstanding derivatives 94,226






Fund

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40

The GreatLink Lifestyle Balanced Portfolio invested more than 30% of its assets in the GreatLink Global Bond Fund. The following are the top 10 holdings in the GreatLink Global Bond:

Top 10 Holdings of Underlying Fund as at 30 June 2020

Market ValueS$

% of NetAssets

G2SF 2.5 8/20 2.500 Maturity 15,828,699 4.28Nykredit 1.000 Maturity 20501001 13,429,881 3.63FNCL 3 8/13 3.000 Maturity 10,121,599 2.74TSY INFL IX N/B .750 Maturity 20280715 7,763,951 2.10Japan Government 20-Yr 1.500 Maturity 20340320

7,191,142 1.95

Japan Government 30-Yr .700 Maturity 20481220

6,547,859 1.77

Spanish Government 5.150 Maturity 20281031

6,150,402 1.66

FR ZT1952 4.000 Maturity 20490501 4,644,390 1.26FNCL 2.5 9/20 2.500 Maturity 4,637,216 1.25Spanish Government 1.450 Maturity 20271031

4,625,887 1.25


Market ValueS$

% of Net Assets

FGLMC 3 7/19 3.000 Maturity 11,742,400 3.95FNCL 3 8/13 3.000 Maturity 11,453,339 3.86GNSF 3 7/19 3.000 Maturity 8,566,668 2.89Japan Government 20-Yr 1.500 Maturity 20340320

7,205,583 2.43

TSY INFL IX N/B .750 Maturity 20280715 7,177,267 2.42Japan Government 30-Yr .700 Maturity 20481220

6,723,182 2.26

Nykredit 1.500 Maturity 20501001 6,288,762 2.12Spanish Government 5.150 Maturity 20281031

6,225,092 2.10


4,578,509 1.54

GREATLINK LIFESTYLE BALANCED PORTFOLIO report as at 30 June 2020


Market ValueS$

% of NetAssets

FundsGreatLink Global Bond Fund 165,171,291 34.49Greatlink Global Perspective Fund 77,013,154 16.08GreatLink Global Equity Alpha Fund 76,360,860 15.94GreatLink Asia Pacific Equity Fund 68,976,083 14.40GreatLink Short Duration Bond Fund 22,653,593 4.73GreatLink Global Emerging Markets Equity Fund

68,755,498 14.36

478,930,479 100.00


% of NetAssets

Greatlink Global Bond Fund 165,171,291 34.49Greatlink Global Perspective Fund 77,013,154 16.08Greatlink Global Equity Aplha Fund 76,360,860 15.94Greatlink Asia Pacific Equity Fund 68,976,083 14.40Greatlink Global Emerging Markets Equity Fund

68,755,498 14.36

Greatlink Short Duration Bond Fund 22,653,593 4.73



% of Net Assets

GreatLink Global Equity Alpha Fund 68,063,254 15.69GreatLink Global Perspective Fund 65,370,224 15.07GreatLink Global Emerging Markets Equity Fund

65,274,161 15.05

GreatLink Asia Pacific Equity Fund 64,708,110 14.92GreatLink Short Duration Bond Fund 21,079,940 4.86FGLMC 3 7/19 3.000 Maturity 5,903,977 1.36FNCL 3 8/13 3.000 Maturity 5,758,639 1.33GNSF 3 7/19 3.000 Maturity 4,307,246 0.99Japan Government 20-Yr 1.500 Maturity 20340320

3,622,904 0.84

TSY INFL IX N/B .750 Maturity 20280715 3,608,667 0.83

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41

GREATLINK LIFESTYLE BALANCED PORTFOLIO report as at 30 June 2020


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lifestyle Balanced Portfolio 1.33% 1.34% 38.20% 45.96%











Fund

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42

GREATLINK LIFESTYLE STEADY PORTFOLIO report as at 30 June 2020


Market ValueS$

% of NetAssets

FundsGreatLink Global Bond Fund 19,058,868 49.46GreatLink Global Perspective Fund 4,167,349 10.82GreatLink Global Equity Alpha Fund 4,107,679 10.66GreatLink Asia Pacific Equity Fund 7,522,110 19.52GreatLink Short Duration Bond Fund 3,675,769 9.54

38,531,775 100.00

The GreatLink Lifestyle Steady Portfolio invested more than 30% of its assets in the GreatLink Global Bond Fund. The following are the top 10 holdings in the GreatLink Global Bond:


% of NetAssets

Greatlink Global Bond Fund 19,058,868 49.46Greatlink Asia Pacific Equity Fund 7,522,110 19.52Greatlink Global Perspective Fund 4,167,349 10.82Greatlink Global Equity Aplha Fund 4,107,679 10.66Greatlink Short Duration Bond Fund 3,675,769 9.54



% of Net Assets

GreatLink Asia Pacific Equity Fund 6,950,633 20.15GreatLink Global Equity Alpha Fund 3,610,939 10.47GreatLink Global Perspective Fund 3,484,388 10.10GreatLink Short Duration Bond Fund 3,386,556 9.82FGLMC 3 7/19 3.000 Maturity 674,791 1.96FNCL 3 8/13 3.000 Maturity 658,179 1.91Gnsf 3 7/19 3.000 Maturity 492,294 1.43Japan Government 20-Yr 1.500 Maturity 20340320

414,077 1.20

TSY INFL IX N/B .750 Maturity 20280715 412,450 1.20Japan Government 30-Yr .700 Maturity 20481220

386,355 1.12


Market ValueS$

% of NetAssets

G2SF 2.5 8/20 2.500 Maturity 15,828,699 4.28 Nykredit 1.000 Maturity 20501001 13,429,881 3.63 FNCL 3 8/13 3.000 Maturity 10,121,599 2.74 TSY INFL IX N/B .750 Maturity 20280715 7,763,951 2.10 Japan Government 20-Yr 1.500 Maturity 20340320

7,191,142 1.95


6,547,859 1.77


6,150,402 1.66

FR ZT1952 4.000 Maturity 20490501 4,644,390 1.26 FNCL 2.5 9/20 2.500 Maturity 4,637,216 1.25 Spanish Government 1.450 Maturity 20271031

4,625,887 1.25


Market ValueS$

% of Net Assets


7,205,583 2.43


6,723,182 2.26


6,225,092 2.10


4,578,509 1.54

Fund

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GREATLINK LIFESTYLE STEADY PORTFOLIO report as at 30 June 2020


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lifestyle Steady Portfolio 1.14% 1.17% 33.92% 35.27%











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GREATLINK LIFESTYLE SECURE PORTFOLIO report as at 30 June 2020

The GreatLink Lifestyle Secure Portfolio invested more than 30% of its assets in the GreatLink Global Bond Fund. The following are the top 10 holdings in the GreatLink Global Bond:


Market ValueS$

% of NetAssets

FundsGreatLink Global Bond Fund 62,679,542 59.79 GreatLink Global Perspective Fund 5,711,468 5.45 GreatLink Global Equity Alpha Fund 5,808,050 5.54 GreatLink Asia Pacific Equity Fund 10,406,775 9.92 GreatLink Short Duration Bond Fund 20,230,751 19.30

104,836,586 100.00


% of NetAssets

Greatlink Global Bond Fund 62,679,542 59.79Greatlink Short Duration Bond Fund 20,230,751 19.30Greatlink Asia Pacific Equity Fund 10,406,775 9.92Greatlink Global Equity Aplha Fund 5,808,050 5.54Greatlink Global Perspective Fund 5,711,468 5.45



% of Net Assets

GreatLink Short Duration Bond Fund 17,224,972 19.77GreatLink Asia Pacific Equity Fund 8,900,813 10.22GreatLink Global Equity Alpha Fund 4,735,745 5.44Greatlink Global Perspective Fund 4,403,479 5.06FGLMC 3 7/19 3.000 Maturity 2,051,469 2.36FNCL 3 8/13 3.000 Maturity 2,000,969 2.30GNSF 3 7/19 3.000 Maturity 1,496,649 1.72Japan Government 20-Yr 1.500 Maturity 20340320

1,258,860 1.45


1,174,581 1.35


Market ValueS$

% of NetAssets


7,191,142 1.95


6,547,859 1.77


6,150,402 1.66


4,625,887 1.25


Market ValueS$

% of Net Assets


7,205,583 2.43


6,723,182 2.26


6,225,092 2.10


4,578,509 1.54

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GREATLINK LIFESTYLE SECURE PORTFOLIO report as at 30 June 2020


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lifestyle Secure Portfolio 0.98% 0.99% 34.47% 38.88%











Fund

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46


Top Ten Holdings as at 30 June 2019 Market ValueS$

% of Net Assets

Singtel Group Treasury 3.487 Maturity 20200408

1,512,427 3.99

Cagamas Global 2.745 Maturity 20191210 1,355,265 3.57 PSA Corporation Ltd 3.385 Maturity 20200428

1,260,778 3.33

Keppel Land Financial 3.259 Maturity 20191211

1,219,996 3.22

Emirates NBD 3.250 Maturity 20191119 1,084,377 2.86 Petronas Cap Ltd 5.250 Maturity 20190812

1,018,111 2.69

Capitaland Treasury 4.350 Maturity 20191031

1,007,455 2.66

Mizuho Bank Ltd 2.010 Maturity 20191028 998,595 2.63 QIB Sukuk Ltd 4.019 Maturity 20190819 816,967 2.15 City Development 3.000 Maturity 20200402

752,343 1.98


% of NetAssets

Public Utilities 3.520 Maturity 20201026 2,525,885 5.60 DBS Group Holdings 2.780 Maturity 20210111

2,519,995 5.59

Housing & Development Board 2.100 Maturity 20201103

1,760,225 3.90

Danga Capital Bh 3.725 Maturity 20200811 1,754,639 3.89 UOL Treasury 2.500 Maturity 20200929 1,754,477 3.89 QIB Sukuk Ltd 2.754 Maturity 20201027 1,682,484 3.73 DIB Sukuk Ltd 3.600 Maturity 20210330 1,626,961 3.61 Azure Orbit Iv 3.500 Maturity 20210125 1,547,546 3.43 Mapletree Treasury 2.888 Maturity 20210621

1,507,924 3.34

Land Transport 2.730 Maturity 20200918 1,506,814 3.34

Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsCommunications 501,842 1.11 Consumer Cyclical 3,010,293 6.68 Financial 21,774,187 48.28 Government 8,083,017 17.92 Industrial 753,965 1.67 Utilities 989,318 2.20 Accrued interest receivable on Fixed Income Securities

280,661 0.62

Others ** 9,706,701 21.52 Total 45,099,984 100.00

** Includes any other industries and net current assets

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsCayman Islands 7,131,466 15.81 China 1,506,525 3.34 Japan 638,153 1.42 Korea, Republic Of 1,861,889 4.13 Malaysia 2,255,047 5.00 Netherlands 566,926 1.26 Singapore 18,891,973 41.89 Virgin Islands (British) 2,259,996 5.01 Accrued interest receivable on Fixed Income Securities

280,661 0.62

Others ** 9,707,348 21.52 Total 45,099,984 100.00

** Includes any other countries and net current assets.

Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsFixed Income Securities (Including accrued interest on Fixed Income Securities)

35,953,802 79.72

Derivatives 112,824 0.25 Cash and cash equivalents 9,172,888 20.34 Other net assets/ (liabilities) (139,530) (0.31)Total 45,099,984 100.00

Credit Rating of Debt Securities Market Value % of Netas at 30 June 2020 (by S&P or equivalent)

S$ Assets

AAA 7,028,035 15.58 AA 847,682 1.88 A+ 1,363,141 3.02 A- 8,386,741 18.60 A 5,737,800 12.72 Not Rated 12,309,742 27.29 Accrued interest receivable on Fixed Income Securities

280,661 0.63

35,953,802 79.72

Fund

s Inf

orma

tion

47



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Cash Fund 0.32% 0.32% 89.61% 76.68%



i) Market value of derivatives - Foreign Exchange Forward Contracts 112,824 0.25


iii) Net loss on outstanding derivatives (45,030)

Investments in Collective Investment SchemesNot applicable.

Borrowings Nil.



Related-Party TransactionsNot applicable.

Any material information that will adversely impact the valuation of the fundNil.

Investments By Maturity Market Value % of Netas at 30 June 2020 S$ AssetsUp to 30 Days 1,850,690 4.10 More than 30 Days to 3 Months 9,283,272 20.58 More than 3 Months to 6 Months 12,316,847 27.31 More than 6 Months to 1 Year 12,222,332 27.10 More than 1 Year - 0.00 Accrued interest receivable on Fixed Income Securities

280,661 0.63

35,953,802 79.72

Fund

s Inf

orma

tion

48



% of Net Assets

DBS Group Holdings Ltd 22,366,435 8.20 United Overseas Bank Ltd 15,713,563 5.76 Bank Central Asia Tbk PT 10,963,757 4.02 CP All PCL-NVDR 9,626,995 3.53 Bank Rakyat Indonesia Persero Tbk PT 9,557,513 3.50 Singapore Telecommunications Ltd 7,714,350 2.83 Telekomunikasi Indonesia Persero Tbk PT 6,114,372 2.24 Airports Of Thailand PCL 5,779,575 2.12 Capitaland Ltd 5,771,903 2.12 PTT PCL-NVDR 5,398,234 1.98


% of NetAssets

DBS Group Holdings Ltd 16,096,558 7.24 United Overseas Bank Ltd 11,546,495 5.20 Bank Central Asia Tbk PT 10,852,994 4.88 Bank Rakyat Indonesia Persero Tbk PT 7,599,548 3.42 CP All PCL-NVDR 6,682,612 3.01 Airports Of Thailand PCL 5,573,998 2.51 Singapore Telecommunications Ltd 5,422,086 2.44 Wilmar International Ltd 4,804,114 2.16 Ascendas Real Estate Investment Trust 4,702,441 2.12 Malayan Banking Bhd 4,612,965 2.08

Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsBasic Materials 2,385,016 1.07 Communications 19,595,236 8.82 Consumer Cyclical 31,213,830 14.05 Consumer Non-Cyclical 23,492,494 10.57 Diversified 2,290,541 1.03 Energy 11,278,898 5.07 Financial 92,444,826 41.60 Industrial 25,935,974 11.67 Utilities 2,629,617 1.18 Others ** 10,973,727 4.94 Total 222,240,159 100.00


Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsIndonesia 44,111,679 19.85 Malaysia 22,134,725 9.96 Philippines 22,888,415 10.30 Singapore 69,234,860 31.15 Thailand 52,896,753 23.80 Others ** 10,973,727 4.94 Total 222,240,159 100.00


Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsEquities 211,266,432 95.06 Embedded Derivatives 39,059 0.02 Derivatives (1,075) 0.00 Cash and cash equivalents 11,703,790 5.27 Other net assets/ (liabilities) (768,047) (0.35)Total 222,240,159 100.00

Credit Rating of Debt Securities Market Value % of Netas at 30 June 2020 S$ AssetsNot applicable.

Fund

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orma

tion

49



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink ASEAN Growth Fund 1.55% 1.53% 42.21% 37.06%



i) Market value of derivatives - Foreign Exchange Spot Contracts (1,075) -




Borrowings Nil.





Fund

s Inf

orma

tion

50



Market ValueS$

% of NetAssets

Unit TrustAberdeen Standard Pacific Equity Fund - Singapore

589,308,892 99.88

Other net assets/(liabilities) 678,876 0.12 589,987,768 100.00

Top 10 Holdings of Underlying Fund as at 30 June 2020 ^

Market ValueS$

% of NetAssets

Tencent Holdings Ltd 114,478,250 9.65 Samsung Electronics Co. Ltd (Pref) 91,665,697 7.73 Taiwan Semiconductor Manufacturing Co. Ltd

85,253,702 7.18

Aberdeen Standard China Opportunities Fund

51,673,090 4.35

Ping An Insurance Group Co. of China Ltd 46,666,085 3.93 CSL Ltd 40,130,024 3.38 China Resources Land Ltd 37,186,438 3.13 AIA Group Ltd 36,545,955 3.08 Aberdeen Standard Singapore Equity Fund

31,255,462 2.63

HDFC Ltd 27,947,820 2.36

Allocation By Country of Underlying Fund

Market Value % of Net

as at 30 June 2020^ S$ AssetsAustralia 96,236,304 8.11 China 357,804,693 30.16 Hong Kong 121,247,955 10.22 India 98,695,948 8.32 Indonesia 52,946,435 4.46 Malaysia 16,463,008 1.39 Netherlands 21,236,278 1.79 Philippines 26,992,269 2.28 Singapore 71,586,560 6.03 Korea, Republic Of 105,180,168 8.86 Taiwan, Province Of China 94,365,146 7.95 Thailand 25,769,144 2.17 United Kingdom 38,346,519 3.23 Others** 59,704,055 5.03 Total 1,186,574,482 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsEquities 1,139,849,806 96.06 Cash and cash equivalents 46,724,676 3.94 Total 1,186,574,482 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^ S$ AssetsNot applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019 ^ S$ AssetsAberdeen Standard SICAV I - Indian Equity Fund#

111,666,282 7.73

Aberdeen Standard Singapore Equity Fund 94,295,599 6.53 Tencent Holdings Ltd 74,504,938 5.16 Aberdeen Standard China Opportunities Fund

73,109,915 5.07

Samsung Electronics Co. Ltd (Pref) 72,346,733 5.01 Taiwan Semiconductor Manufacturing Co. Ltd 64,968,121 4.50 Aberdeen Standard Thailand Equity Fund 44,169,521 3.06 Ping An Insurance Group Co. of China Ltd 41,769,875 2.89 AIA Group Ltd 40,610,341 2.81 China Resources Land Ltd 39,551,906 2.74

# The underlying fund is not authorised for public sale in Singapore

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsCommunication Services 135,141,293 11.39 Consumer Discretionary 77,713,531 6.55 Consumer Staples 35,209,209 2.97 Energy 14,531,445 1.22 Financials 253,060,807 21.33 Healthcare 81,825,120 6.90 Industrials 46,334,114 3.90 Information Technology 227,151,374 19.14 Materials 56,284,053 4.74 Real Estate 68,831,179 5.80 Unit Trusts 143,767,681 12.12 Others** 46,724,676 3.94 Total 1,186,574,482 100.00

** Includes any other industries and net current assets.

Fund

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orma

tion

51



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Asia Pacific Equity Fund* 1.56% 1.63% 18.64% 5.99%Underlying Fund #^ 1.63% 1.70% 18.64% 5.99%


* The expense ratio of the underlying fund was included to compute the final ratio.# The expense and turnover ratios of the underlying fund were computed for the period ended 31 March 2020. The ratios for the period ended 30 June 2020 are not available.

The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.

Exposure to Derivatives^(Underlying Fund)Nil.

Borrowings^Nil.



Related-Party Transactions^Not applicable.

Any material information that will adversely impact the valuation of the fund ^Nil.

^ Source: Aberdeen Standard Investments (Asia) Limited

The information is published based on Aberdeen Standard Select Portfolio Semi Annual Report and Financial Statements 1 October 2019 to 31 March 2020.

Fund

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orma

tion

52



% of Net Assets

Japan Government 20-Yr 1.500 Maturity 20340320

7,762,669 2.11

Norwegian Government 3.750 Maturity 20210525

5,234,678 1.42

Slovenia 5.250 Maturity 20240218 4,741,415 1.29 FNCL 3 8/13 3.000 Maturity 4,499,526 1.22 UK TSY Gilt 2.250 Maturity 20230907 4,230,466 1.15 Australian Government 2.750 Maturity 20191021

4,042,369 1.10

Rentenbank 0.000 Maturity 20200716 3,871,170 1.05 Microsoft Corporation 3,335,561 0.90 FG Q62984 3.500 Maturity 20490401 3,094,163 0.84 TSY INFL IX N/B .750 Maturity 20280715 2,870,907 0.78


% of NetAssets


8,202,823 2.03

Microsoft Corporation 7,237,066 1.79 US Treasury FRN .264 Maturity 20220430 6,917,778 1.72 FNCL 2.5 9/20 2.500 MATURITY 6,361,681 1.58 Amazon.Com Inc. 6,181,001 1.53 Nykredit 1.000 Maturity 20501001 5,677,332 1.41 Slovenia 5.250 Maturity 20240218 5,010,961 1.24 Apple Inc. 4,645,370 1.15 Mexican Bonos 8.500 Maturity 20290531 4,062,487 1.01 UK TSY GILT 1.500 Maturity 20210122 3,459,402 0.86

Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsAsset Backed Securities 4,481,702 1.11 Basic Materials 8,253,150 2.05 Communications 32,443,076 8.05 Consumer Cyclical 20,600,747 5.11 Consumer Non-Cyclical 57,037,723 14.15 Energy 4,880,574 1.21 Financial 57,480,087 14.25 Government 100,991,998 25.05 Industrial 14,237,861 3.53 Mortgage Securities 23,264,411 5.77 Technology 42,939,060 10.65 Utilities 5,345,373 1.32 Accrued interest receivable on Fixed Income Securities

892,192 0.22

Others** 30,345,785 7.53 Total 403,193,739 100.00


Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsCanada 6,169,184 1.53 Denmark 15,308,753 3.80 Finland 4,406,451 1.09 France 10,452,262 2.59 Germany 10,197,165 2.53 Hong Kong 5,016,839 1.24 Italy 10,028,763 2.49 Japan 31,973,209 7.93 Mexico 9,155,515 2.27 Netherlands 8,548,758 2.12 Slovenia 6,190,310 1.54 Spain 12,959,488 3.21 Switzerland 9,174,604 2.28 United Kingdom 32,226,143 7.99 United States 161,468,069 40.05 Accrued interest receivable on Fixed Income Securities

892,192 0.22

Others** 69,026,034 17.12 Total 403,193,739 100.00

** Includes any other countries and net current assets

Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsEquities 196,825,318 48.82Fixed Income Securities (Include accrued interest on Fixed Income Securities)

176,312,322 43.73

Derivatives 454,926 0.11Cash and cash equivalents 50,056,357 12.41Other net assets/ (liabilities) (20,455,184) -5.07Total 403,193,739 100.00

Fund

s Inf

orma

tion

53



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Supreme Fund 1.38% 1.38% 116.12% 135.22%



i) Market value of derivatives- Foreign Exchange Forward Contracts 75,429 0.02 - Futures 310,712 0.07 - Foreign Exchange Spot Contracts 61,685 0.02 - Rights 7,100 -

ii) Net gain on derivative realised 2,606,018



Borrowings Nil.





Credit Rating of Debt Securities as at Market Value % of Net30 June 2020 (by S&P or equivalent) S$ AssetsAAA 44,259,119 10.98 AAAu 3,126,210 0.78 AA+ 2,854,479 0.71 AA 2,920,048 0.72 AAu 1,116,274 0.28 AA- 11,633,756 2.89 AA-u 9,210,635 2.28 A+ 25,664,076 6.37 A 6,306,284 1.56 Au 2,360,365 0.59 A- 10,650,532 2.64 BBB+ 23,291,744 5.78 BBB- 4,894,044 1.21 BBB 7,166,717 1.78 BBBu 5,581,023 1.38 BB+ 144,717 0.04 BB- 1,861,855 0.46 Not Rated 12,378,254 3.07 Accrued interest receivable on Fixed Income Securities

892,192 0.21

Total 176,312,322 43.73

Note: Some S&P ratings are unsolicited – indicated by the "u" *- indicates negative outlook

Fund

s Inf

orma

tion

54

GREATLINK ASIA HIGH DIVIDEND EQUITY FUND report as at 30 June 2020


Market ValueS$

% of NetAssets

Unit TrustLionGlobal Asia High Dividend Fund CL G – Singapore

38,289,613 99.14


Top 10 Holdings of Underlying Fund as at 30 June 2020 ^

Market ValueS$

% of NetAssets

Tencent Holdings Ltd 3,538,426 7.33Taiwan Semiconductor Manufacturing Co. Ltd

2,896,136 6.00

Alibaba Group Holding - Spon ADR 2,891,589 5.99Samsung Electronics Co. Ltd 2,770,041 5.74BHP Billiton Ltd 1,219,776 2.53China Construction Bank -H 1,179,561 2.44AIA Group Ltd 1,123,207 2.33National Australia Bank Ltd 981,366 2.03Reliance Industries Ltd 830,837 1.72Alibaba Group Holding Ltd 814,053 1.69

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020 ^ S$ AssetsAustralia 6,304,655 13.07Cayman Islands 4,909,220 10.18China 12,871,776 26.68Hong Kong 3,865,568 8.01India 2,960,838 6.13Indonesia 529,622 1.10Singapore 1,573,748 3.26Korea, Republic Of 5,049,109 10.47Taiwan, Province Of China 5,400,691 11.19Thailand 792,103 1.64Others ** 3,989,796 8.27Total 48,247,127 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020 ^ S$ AssetsEquities 44,937,296 93.14 Cash and cash equivalents 4,033,326 8.36 Other net assets/(liabilities) (723,495) (1.50)Total 48,247,127 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020 ^

S$ Assets

Not applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019 ^ S$ AssetsTencent Holdings Ltd 2,488,152 4.93Samsung Electronics Co. Ltd 2,397,930 4.75Alibaba Group Holding - SP ADR 2,374,314 4.70AIA Group Ltd 2,050,060 4.06Taiwan Semiconductor Manufacturing Co. Ltd

1,923,727 3.81

China Construction Bank -H 1,608,310 3.19HDFC Bank Ltd 1,607,352 3.19Ping An Insurance Group Co. of China Ltd 1,507,612 2.99BHP Billiton Ltd 1,504,683 2.98DBS Group Holdings Ltd 1,343,140 2.66

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020 ^ S$ AssetsAuto Parts & Equipment 1,457,063 3.02Banks 5,041,825 10.45Building materials 2,079,451 4.31Cosmetics 1,587,330 3.29Distribution & Wholesale 1,510,135 3.13Electric & Electronic 7,396,285 15.33Energy 2,093,925 4.34Financial services 2,581,221 5.35Food services 1,061,437 2.20Insurance 2,060,152 4.27Internet 9,273,020 19.22Metal 1,466,713 3.04Real estate 2,600,520 5.39Telecommunication 1,601,805 3.32Others ** 6,436,245 13.34Total 48,247,127 100.00


Fund

s Inf

orma

tion

55

GREATLINK ASIA HIGH DIVIDEND EQUITY FUND report as at 30 June 2020


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Asia High Dividend Equity Fund* 2.10% 2.02% 112.67% 126.25%Underlying Fund # ^ 2.07% 2.00% 112.67% 126.25%


* The expense ratio of the underlying fund was included to compute the final ratio.# The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.

Exposure to Derivatives^(Underlying Fund)

Market Value S$

% of Net Assets

i) Market value of derivative contracts - -


iii) Net gain on outstanding derivatives -

Borrowings^Not applicable.



Related-Party TransactionsThe GreatLink Asia High Dividend Equity Fund invests 100% of its net assets value in LionGlobal Asia High Dividend Fund, which is managed By Lion Global Investors Ltd, a related company of The Great Eastern Life Assurance Co. Ltd.


^ Source: Lion Global Investors Ltd

Fund

s Inf

orma

tion

56



% of Net Assets

Apple Inc. 2,293,767 3.44 Amazon.Com Inc. 1,437,274 2.16 Visa Inc-Class A 888,030 1.33 Paypal Holdings Inc. 881,145 1.32 Facebook Inc-A 804,769 1.21 Progressive Corporation/The 737,956 1.11 Union Pacific Corporation 677,926 1.02 Gilead Sciences Inc. 675,759 1.01 Servicenow Inc. 654,175 0.98 Hitachi Ltd 644,667 0.97


% of NetAssets

Apple Inc. 3,356,799 5.05 Amazon.Com Inc. 2,559,381 3.85 Microsoft Corporation 2,301,632 3.46 Facebook Inc-A 1,108,709 1.67 Alphabet Inc-A 1,080,125 1.62 Paypal Holdings Inc. 1,037,865 1.56 Procter & Gamble Co/The 894,415 1.34 Nvidia Corporation 873,429 1.31 Roche Hldg-Genus 845,985 1.27 Alphabet Inc-C 810,515 1.22

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsAustralia 1,333,605 2.01 Canada 878,100 1.32 Denmark 768,563 1.15 France 1,693,587 2.55 Germany 736,270 1.11 Italy 1,041,410 1.57 Japan 6,250,749 9.40 Netherlands 1,665,681 2.50 Sweden 1,236,180 1.86 Switzerland 2,110,005 3.17 United Kingdom 1,524,265 2.29 United States 45,720,838 68.74 Others ** 1,551,712 2.33 Total 66,510,965 100.00


Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsEquities 65,197,395 98.03 Derivatives 19,560 0.03 Cash and cash equivalents 1,474,301 2.21 Other net assets/(liabilities) (180,291) (0.27)Total 66,510,965 100.00


Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsBasic Materials 2,819,145 4.24 Communications 9,742,351 14.65 Consumer Cyclical 4,407,539 6.63 Consumer Non-Cyclical 18,022,484 27.10 Energy 957,905 1.44 Financial 9,730,561 14.63 Industrial 4,521,792 6.80 Technology 14,041,901 21.11 Utilities 953,717 1.43 Others ** 1,313,570 1.97 Total 66,510,965 100.00


Fund

s Inf

orma

tion

57



30 June 2020 30 June 2019 30 June 2020 30 June 19GreatLink Global Equity Fund 1.67% 1.65% 162.68% 126.84%



i) Market value of derivatives - Futures 18,246 0.03 - Rights 1,314 -




Borrowings Nil.





Fund

s Inf

orma

tion

58

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsAustralia 561,873 1.84 France 746,862 2.44 Italy 1,565,626 5.12 Japan 3,330,211 10.88 Luxembourg 12,210,855 39.90 Netherlands 402,494 1.32 Norway 319,998 1.05 Spain 1,278,579 4.18 United Kingdom 1,582,955 5.17 United States 6,304,130 20.60 Accrued interest receivable on Fixed Income Securities

120,638 0.39

Others** 2,176,171 7.11 Total 30,600,392 100.00


Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsAB FCP I - Global Equity Blend Portfolio 11,925,771 38.97 Asset Backed Securities 910,827 2.98 Communications 671,559 2.19 Consumer Non-Cyclical 1,599,901 5.23 Financial 2,823,483 9.23 Government 10,725,097 35.05 Mortgage Securities 358,166 1.17 Accrued interest receivable on Fixed Income Securities

120,638 0.39

Others** 1,464,950 4.79 Total 30,600,392 100.00




% of Net Assets

AB FCP I - Global Equity Blend Portfolio 11,925,771 38.97 Japan Government 20-Yr 2.100 Maturity 20301220

712,403 2.33

France O.A.T. 4.500 Maturity 20410425 590,162 1.93 US Treasury N/B 1.875 Maturity 20211130 585,812 1.91 Japan Government 2-Yr .100 Maturity 20210601

545,951 1.78


516,169 1.69

BTPS 1.350 Maturity 20300401 507,645 1.66 BTPS 5.250 Maturity 20291101 457,284 1.49 Japan Government 30-Yr 1.700 Maturity 20431220

443,434 1.45


428,323 1.40


% of NetAssets

AB FCP I - Global Equity Blend Portfolio 11,860,470 39.50 BTPS 1.250 Maturity 20261201 752,613 2.51 Japan Government 20-Yr 2.100 Maturity 20301220

714,797 2.38

US Treasury N/B 2.375 Maturity 20290515 671,181 2.24 Japan Government 2-Yr .100 Maturity 20210601

632,975 2.11

France O.A.T. 4.500 Maturity 20410425 567,012 1.89 Spanish Government 1.300 Maturity 20261031

509,947 1.70


450,911 1.50


423,936 1.41


418,701 1.39

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020 ^ US$ AssetsAB FCP I - Global Equity Blend PortfolioMicrosoft Corporation 2,470,750 2.52 Apple, Inc. 2,043,119 2.08 NXP Semiconductors NV 1,587,075 1.62 Adyen NV 1,487,571 1.52 UnitedHealth Group, Inc. 1,418,765 1.45 MSCI, Inc. - Class A 1,393,123 1.42 Chr Hansen Holding A/S 1,387,169 1.42 Bio-Rad Laboratories, Inc. - Class A 1,349,706 1.38 Gerresheimer AG 1,333,792 1.36 Koninklijke Philips NV 1,217,956 1.24

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019 ^ US$ AssetsAB FCP I - Global Equity Blend PortfolioApple Inc. 1,973,912 1.75 Microsoft Corporation 1,795,278 1.59 Visa Inc. - Class A 1,512,519 1.34 MSCI Inc. - Class A 1,452,031 1.29 American Water Works Co., Inc. 1,432,615 1.27 Ecolab Inc. 1,417,461 1.26 Xylem Inc./NY 1,416,932 1.26 Kingspan Group PLC (London) 1,387,551 1.23 Apollo Hospitals Enterprise Ltd 1,387,338 1.23 Oracle Corporation 1,284,969 1.14

Fund

s Inf

orma

tion

59


Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsFixed Income Securities (Include accrued interest on Fixed Income Securities)

18,207,630 59.50

Hedge Fund 11,925,771 38.97 Derivatives 5,190 0.02 Cash and cash equivalents 546,962 1.79 Other net assets/(liabilities) (85,161) (0.28)Total 30,600,392 100.00


S$ Assets

AAA 2,704,728 8.84 AAAu 169,955 0.56 AA+ 614,447 2.01 AA 43,686 0.14 AAu 590,162 1.93 AA- 55,295 0.18 AA-u 694,853 2.27 A+ 3,604,757 11.78 A- 1,113,418 3.64 A 594,834 1.94 BBB+ 2,953,787 9.65 BBB 1,961,542 6.41 BBBu 709,448 2.32 BBB- 1,456,497 4.76 BB+ 64,018 0.21 BB 64,478 0.21 Not Rated 691,088 2.26 Accrued interest receivable on Fixed Income Securities

120,638 0.39

18,207,630 59.50

Note: Some S&P ratings are unsolicited - indicated by the “u” *- indicates negative outlook

Fund

s Inf

orma

tion

60



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Optimum Fund * 1.42% 1.40% 44.85% 34.25%Underlying Fund # ^ 0.80% 0.80% 49.74% 37.64%


* The expense and turnover ratios of the underlying fund - AB FCP 1 - Global Equity Blend Portfolio S1 Class, which accounts for 40% of investments in GreatLink Global Optimum Fund have been included to compute the final ratio.

# The expense and turnover ratios of the underlying fund were computed for the period ending 28 February 2020. The ratios for the period ending 30 June 2020 are not available. The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.


i) Market value of derivatives - Foreign Exchange Forward Contracts 5,190 0.02



Investments in Collective Investment SchemesMarket Value % of Net

S$ AssetsAB FCP I - Global Equity Blend Portfolio S1 Class 11,925,771 38.97

Borrowings Securities lending amount of USD 1,131,314.75, which was 1.15% of the total portfolio as of 30 June 2020.


Subscriptions 196,709 Redemptions 853,253



^ Source: AllianceBernstein (Singapore) Ltd

Fund

s Inf

orma

tion

61


Top Ten Holdings as at 30 June 2019 Market Value S$

% of Net Assets

Microsoft Corporation 8,236,864 6.24 Visa Inc-Class A 6,977,446 5.29 Global Payments Inc. 5,739,433 4.35 Advanced Micro Devices Inc. 5,542,833 4.20 Marvell Technology Group Ltd 5,449,700 4.13 Facebook Inc-A 5,321,610 4.03 Salesforce.Com Inc. 4,678,194 3.54 Tencent Holdings Ltd 4,343,920 3.29 Fleetcor Technologies Inc. 4,070,301 3.08 Alphabet Inc-A 4,046,257 3.07


% of NetAssets

Microsoft Corporation 19,254,552 8.74 Amazon.Com Inc. 17,042,012 7.73 Global Payments Inc. 12,343,723 5.60 Facebook Inc-A 10,899,246 4.95 Visa Inc-Class A 10,299,328 4.67 Salesforce.Com Inc. 9,115,619 4.14 Marvell Technology Group Ltd 8,656,027 3.93 Advanced Micro Devices Inc. 7,950,802 3.61 Tencent Holdings Ltd 7,918,290 3.59 Paypal Holdings Inc. 7,613,114 3.46

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsHong Kong 8,220,107 3.73 Japan 4,377,992 1.99 Korea, Republic Of 3,508,371 1.59 United States 197,934,948 89.83 Others** 6,302,761 2.86 Total 220,344,179 100.00


Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsEquities 218,660,148 99.24 Cash and cash equivalents 3,523,223 1.60 Other net assets/(liabilities) (1,839,192) (0.84)Total 220,344,179 100.00


Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsCommunications 63,015,326 28.60 Consumer Non-Cyclical 30,304,151 13.75 Financials 10,299,328 4.67 Industrials 3,522,324 1.60 Technology 111,519,020 50.61 Others** 1,684,030 0.77 Total 220,344,179 100.00


Fund

s Inf

orma

tion

62



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Technology Fund 1.64% 1.63% 49.88% 68.10%



i) Market value of derivatives - -




Borrowings Nil.





Fund

s Inf

orma

tion

63



% of Net Assets

FGLMC 3 7/19 3.000 Maturity 11,742,400 3.95 FNCL 3 8/13 3.000 Maturity 11,453,339 3.86 GNSF 3 7/19 3.000 Maturity 8,566,668 2.89 Japan Government 20-Yr 1.500 Maturity 20340320

7,205,583 2.43

TSY INFL IX N/B .750 Maturity 20280715 7,177,267 2.42 Japan Government 30-Yr .700 Maturity 20481220

6,723,182 2.26

Nykredit 1.500 Maturity 20501001 6,288,762 2.12 Spanish Government 5.150 Maturity 20281031

6,225,092 2.10

Nykredit 2.000 Maturity 20501001 5,216,563 1.76 Spanish Government 1.450 Maturity 20271031

4,578,509 1.54


% of NetAssets


7,191,142 1.95


6,547,859 1.77


6,150,402 1.66


4,625,887 1.25

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsCanada 3,868,675 1.05 Denmark 22,699,910 6.14 France 19,843,224 5.37 Germany 11,986,022 3.24 Ireland 25,122,700 6.80 Japan 19,980,982 5.40 Luxembourg 11,042,766 2.99 Netherlands 28,463,408 7.70 Slovenia 6,403,845 1.73 Spain 22,538,824 6.10 Switzerland 10,384,269 2.81 United Kingdom 42,715,957 11.56 United States 99,758,906 26.99 Accrued interest receivable on Fixed Income Securities

1,540,439 0.41

Others** 43,293,431 11.71 Total 369,643,358 100.00


Allocation By Asset Class Market Value % of Net

Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsAsset Backed Securities 42,321,096 11.45 Communications 6,409,008 1.73 Consumer Cyclical 4,928,906 1.33 Consumer Non-Cyclical 17,861,881 4.83 Energy 111,152,754 30.07 Financials 92,074,032 24.91 Government 67,183,854 18.18 Accrued interest receivable on Fixed Income Securities

1,540,439 0.42

Others** 26,171,388 7.08

Total 369,643,358 100.00


as at 30 June 2020 S$ AssetsFixed Income Securities (Include accrued interest on Fixed Income Securities)

354,245,180 95.83

Derivatives 1,794,974 0.49 Cash and cash equivalents 47,119,565 12.75 Other net assets/(liabilities) (33,516,361) (9.07)Total 369,643,358 100.00


S$ Assets

AAA 123,146,836 33.32 AAu 3,334,212 0.90 AA-u 3,366,020 0.91 AA+ 6,347,408 1.72 AA 19,109,490 5.17 AA- 12,730,327 3.44 A+ 27,290,644 7.38 A- 15,287,890 4.14 A 5,488,494 1.48 Au 4,376,778 1.18 BB+ 732,398 0.20 BB- 8,412 0.00 BBB+ 37,295,290 10.09 BBB- 16,005,334 4.33 BBB 33,313,612 9.01 CCC 140,055 0.04 Not Rated 44,731,541 12.10 Accrued interest receivable on Fixed Income Securities

1,540,439 0.42

Total 354,245,180 95.83

Note: Some S&P ratings are unsolicited - indicated by the “u”

Fund

s Inf

orma

tion

64



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Bond Fund 0.89% 0.88% 32.86% 35.81%



i) Market value of derivatives - Foreign Exchange Forward Contracts 1,376,173 0.38 - Futures 265,872 0.07 - Foreign Exchange Spot Contracts 152,929 0.04

ii) Net gain on derivative realised 1,534,081

iii) Net gain on outstanding derivatives 1,740,045


Borrowings Nil.





Fund

s Inf

orma

tion

65



% of Net Assets

Tencent Holdings Ltd 4,329,326 7.42 Samsung Electronics Co. Ltd 3,944,903 6.76 Alibaba Group Holding Ltd 3,640,376 6.24 Taiwan Semiconductor Manufacturing Co. Ltd

3,154,480 5.41

China Construction Bank Corporation 2,367,835 4.06 DBS Group Holdings Ltd 2,302,652 3.95 Ping An Insurance Group Co. Of China Ltd 2,298,534 3.94 AIA Group Ltd 2,083,482 3.57 Sun Hung Kai Properties Ltd 1,720,952 2.95 KB Financial Group Inc. 1,308,079 2.24


% of NetAssets

Tencent Holdings Ltd 6,389,916 10.21 Alibaba Group Holding Ltd 5,179,905 8.28 Taiwan Semiconductor Manufacturing Co. Ltd

4,898,621 7.83

Samsung Electronics Co Ltd 4,386,512 7.01 China Construction Bank Corp 2,651,734 4.24 AIA Group Ltd 2,004,111 3.20 Hong Kong Exchanges & Clearing Ltd 1,520,606 2.43 DBS Group Holdings Ltd 1,431,040 2.29 SK Hynix Inc. 1,355,813 2.17 New Oriental Education & Technology Group Inc.

1,245,762 1.99

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsChina 885,223 1.41 Hong Kong 5,218,458 8.34 Indonesia 25,268,726 40.37 Korea, Republic Of 833,179 1.33 Philippines 7,041,993 11.25 Singapore 2,237,440 3.57 Taiwan, Province Of China 7,275,965 11.62 Accrued income receivable on Equities 7,565,407 12.09 Others** 6,263,370 10.02 Total 62,589,761 100.00


Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsEquities (Include accrued income on Equities)

56,630,467 90.48

Derivatives (762) 0.00 Cash and cash equivalents 5,503,917 8.79 Other net assets/(liabilities) 456,139 0.73 Total 62,589,761 100.00


Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsCommunications 16,079,653 25.69 Consumer Cyclical 983,074 1.57 Consumer Non-Cyclical 5,470,720 8.74 Energy 1,908,277 3.05 Financials 16,449,418 26.28 Industrials 3,781,070 6.04 Technology 11,512,637 18.40 Others** 6,404,912 10.23 Total 62,589,761 100.00


Fund

s Inf

orma

tion

66



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Far East Ex-Japan Equities Fund 1.55% 1.54% 50.32% 59.55%



i) Market value of derivatives- Foreign Exchange Spot Contracts (762) 0.00


iii) Net loss on outstanding derivatives (684)


Borrowings Nil.





Fund

s Inf

orma

tion

67




Market Value S$

% of Net Assets

Unit TrustAberdeen Standard Singapore Equity Fund - Singapore

183,903,493 99.80


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsOversea-Chinese Banking Corporation Ltd 82,283,144 14.39 DBS Group Holdings 76,976,271 13.46 CapitaLand Ltd 37,217,865 6.51 Keppel Corporation Ltd 37,096,654 6.49 United Overseas Bank Ltd 36,785,921 6.43 Singapore Telecommunications Ltd 32,649,058 5.71 Venture Corporation Ltd 29,469,969 5.15 Singapore Technologies Engineering Ltd 24,123,840 4.22 City Developments Ltd 21,612,848 3.78 IHH Healthcare Bhd 17,156,064 3.00

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsHong Kong 13,845,532 2.42 Malaysia 17,156,064 3.00 Singapore 531,992,204 93.01Others** 8,981,184 1.57 Total 571,974,984 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsEquities 562,993,800 98.43 Cash and cash equivalents 8,981,184 1.57 Total 571,974,984 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsDBS Group Holdings 119,029,968 14.87 Oversea-Chinese Banking Corporation Ltd 110,967,139 13.86 United Overseas Bank Ltd 61,821,474 7.72 Singapore Telecommunications Ltd 47,996,437 5.99 Jardine Strategic Holdings 44,732,875 5.59 CapitaLand Ltd 42,271,745 5.28 Venture Corporation Ltd 40,321,944 5.04 Keppel Corporation Ltd 37,955,684 4.74 SATS Ltd 29,433,600 3.68 ComfortDelGro Corporation Ltd 25,496,600 3.18

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsConsumer Services 34,157,847 5.97 Financials 322,711,772 56.42 Healthcare 22,431,252 3.92 Industrials 81,880,833 14.32 Oil & Gas 39,909,678 6.98 Technology 25,751,290 4.50 Telecommunications 32,649,058 5.71 Others** 12,483,254 2.18 Total 571,974,984 100.00


Fund

s Inf

orma

tion

68



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Singapore Equities Fund* 1.66% 1.66% 11.86% 6.20%Underlying Fund#^ 1.64% 1.64% 11.86% 6.20%


* The expense ratio of the underlying fund was included to compute the final ratio.# The expense and turnover ratios of the underlying fund were computed for the period ended 31 March 2020. The ratios for the period ended 30 June 2020 are not available.

The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.


Borrowings^Nil.




Any material information that will adversely impact the valuation of the fund^Nil.

^ Source: Aberdeen Standard Investments (Asia) Limited

The information is published based on Aberdeen Standard Select Portfolio Semi Annual Report and Financial Statements 1 October 2019 to 31 March 2020.

Fund

s Inf

orma

tion

69



% of Net Assets

Avalonbay Communities Inc. 11,724,704 3.94 Americold Realty Trust 11,101,804 3.73 Equity Lifestyle Properties Inc. 9,131,618 3.07 Welltower Inc. 8,752,005 2.94 Prologis Inc. 7,568,647 2.54 Camden Property Trust 7,063,696 2.37 Store Capital Corporation 6,345,574 2.13 Vonovia SE 6,044,919 2.03 JBG SMITH Properties 5,948,003 2.00 Sun Hung Kai Properties Ltd 5,828,292 1.96


% of NetAssets

Prologis Inc. 20,311,598 5.98 Invitation Homes Inc. 12,164,710 3.58 Vonovia Se 9,580,232 2.82 Welltower Inc. 9,366,720 2.76 Equity Lifestyle Properties Inc. 8,255,881 2.43 Segro Plc 8,141,793 2.40 Americold Realty Trust 7,306,336 2.15 Avalonbay Communities Inc. 7,057,410 2.08 Essex Property Trust Inc. 7,028,366 2.07 Rexford Industrial Realty Inc. 6,859,629 2.02

Allocation By Country Market Value % of Netas at 30 June 2020 S$ AssetsAustralia 10,054,325 2.96 Belgium 8,555,541 2.52 Canada 9,403,041 2.77 Germany 19,783,484 5.82 Hong Kong 20,589,195 6.06 Ireland 4,282,878 1.26 Japan 36,845,795 10.84 Singapore 12,968,538 3.81 United Kingdom 20,296,340 5.97 United States 176,546,700 51.95 Others** 20,537,900 6.04 Total 339,863,737 100.00


Allocation By Asset Class Market Value % of Netas at 30 June 2020 S$ AssetsEquities 329,872,770 97.06 Derivatives 87 0.00 Cash and cash equivalents 7,944,467 2.34 Other net assets/(liabilities) 2,046,413 0.60 Total 339,863,737 100.00


Allocation By Industry Market Value % of Netas at 30 June 2020 S$ AssetsFinancials 328,473,132 96.65 Others** 11,390,605 3.35 Total 339,863,737 100.00


Fund

s Inf

orma

tion

70



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Real Estate Securities Fund 1.67% 1.65% 179.97% 100.47%



i) Market value of derivatives - Foreign Exchange Spot Contracts 87 0.00




Borrowings Nil.





Fund

s Inf

orma

tion

71


Top Ten Holdings Top 10 Holdings of Underlying Fund as at 30 June 2019^

Market Value S$

% of Net Assets

Taiwan Semiconductor Manufacturing Co. Ltd 99,348,866 7.11 Tencent Holdings Ltd 96,214,629 6.88 Alibaba Group Holding Ltd 85,333,755 6.11 AIA Group Ltd 53,459,428 3.82 Sino Biopharmaceutical Ltd 40,917,684 2.93 China Mobile Ltd 38,730,269 2.77 China Construction Bank Corporation 35,376,046 2.53 China Life Insurance Co. Ltd 32,750,002 2.34 China Pacific Insurance Group Co. Ltd 29,339,367 2.10 Geely Automobile Holdings Ltd 28,457,745 2.04

Top 10 Holdings of Underlying Fundas at 30 June 2020^

Market Value US$

% of NetAssets

Alibaba Group Holding Ltd 148,193,563 9.16 Tencent Holdings Ltd 126,459,851 7.82 Taiwan Semiconductor Manufacturing Co. Ltd

109,312,967 6.76

China Life Insurance Co. Ltd 36,938,675 2.28 Meituan Dianping 36,305,675 2.24 Hong Kong Exchanges & Clearing 32,452,728 2.01 Prada SpA 32,286,420 2.00 iQIYI Inc. 28,684,764 1.77 Sands China Ltd 28,553,819 1.76 Newcrest Mining Ltd 28,386,501 1.75


Market ValueS$

% of NetAssets

Unit TrustSchroder ISF Greater China Fund SGD 218,602,478 99.80Other net assets/(liabilities) 439,675 0.20

219,042,153 100.00

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsAustralia 28,386,501 1.75 China 1,097,783,252 67.85Hong Kong 144,483,243 8.93 Italy 32,286,420 2.00 Switzerland 17,499,621 1.08 Taiwan, Province Of China 260,040,613 16.07 Others** 37,552,937 2.32 Total 1,618,032,587 100.00


Allocation By Asset Class of Underlying Fund Market Value % of Netas at 30 June 2020 US$ AssetsEquities 1,593,814,097 98.50 Other net assets/(liabilities) 24,218,490 1.50 Total 1,618,032,587 100.00

Credit Rating of Debt Securities Market Value % of Netas at 30 June 2020 ^ US$ AssetsNot applicable.

Allocation By Industry of Underlying Market Value % of NetFund as at 30 June 2020^ US$ AssetsCommunication Services 216,769,661 13.40 Consumer Discretionary 412,349,912 25.48 Consumer Staples 37,712,193 2.33 Financials 136,852,565 8.46 Health Care 74,843,622 4.62 Industrials 126,216,078 7.80 Information Technology 420,488,105 25.99 Materials 121,120,300 7.49 Real Estate 47,461,661 2.93 Others** 24,218,490 1.50 Total 1,618,032,587 100.00


Fund

s Inf

orma

tion

72


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink China Growth Fund* 1.62% 1.63% 87.70% 58.88%Underlying Fund#^ 1.70% 1.71% 87.70% 58.88%


* The expense ratio of the underlying fund was included to compute the final ratio.# The expense and turnover ratios of the underlying fund were based on audited accounts.


Borrowings^ Nil.





^ Source: Schroder Investment Management Ltd.


Fund

s Inf

orma

tion

73



Market ValueS$

% of NetAssets

Unit TrustCapital Group European Growth and Income Fund (LUX)

17,200,410 99.80


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ Eur € AssetsNovartis AG 8,693,720 4.14Imperial Brands PLC 8,657,929 4.12E.ON SE 8,083,988 3.85Taylor Wimpey PLC 6,743,345 3.21National Grid PLC 5,892,274 2.81Kering SA 5,757,733 2.74GVC Holdings PLC 5,748,576 2.74TAG Immobilien AG 5,551,576 2.64Prosus NV 5,541,098 2.64Deutsche Post AG 5,447,243 2.59

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ Eur € AssetsFinland 3,975,302 1.89France 31,245,146 14.88Germany 25,530,619 12.16Ireland 4,269,121 2.03Italy 3,253,543 1.55Netherlands 15,119,161 7.20Portugal 5,291,990 2.52Russian Federation 6,072,300 2.89Spain 16,969,338 8.08Sweden 9,103,067 4.34Switzerland 14,139,753 6.73United Kingdom 62,165,098 29.61Others** 12,843,624 6.12Total 209,978,061 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ Eur € AssetsEquities 197,676,094 94.14Fixed Income Securities 1,334,192 0.64Cash and cash equivalents 10,967,775 5.22Total 209,978,061 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^ Eur € AssetsB 1,334,192 0.64

1,334,192 0.64

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ Eur € AssetsPrudential PLC 18,306,249 4.47Novartis AG 17,167,615 4.20Total SA 15,862,608 3.88British American Tobacco PLC 15,843,615 3.87Barclays PLC 15,394,180 3.76Royal Dutch Shell PLC 12,796,618 3.13Aena SME SA 11,859,198 2.90Pernod Ricard SA 10,845,196 2.65Glencore PLC 10,318,666 2.52Orsted A/S 9,646,872 2.36

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ Eur € AssetsCommunication Services 12,134,991 5.78Consumer Discretionary 36,662,341 17.46Consumer Staples 17,251,459 8.22Energy 5,382,911 2.56Financials 16,772,884 7.99Health Care 23,585,501 11.23Industrials 32,372,427 15.42Information Technology 10,732,814 5.11Materials 10,913,882 5.20Real Estate 5,551,576 2.64Utilities 27,649,500 13.17Others** 10,967,775 5.22Total 209,978,061 100.00


Fund

s Inf

orma

tion

74



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink European Equity Fund* 1.58% 1.57% 91.33% 31.70%Underlying Fund#^ 0.90% 0.90% 91.33% 31.70%


* The expense ratio of the underlying fund was included to compute the final ratio. # The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.


Borrowings^Nil.


Subscriptions 1,889,553 Redemptions 864,249



^ Source: Capital Group

Fund

s Inf

orma

tion

75



Market Value S$

% of Net Assets

Unit TrustCapital Group New Perspective Fund (LUX) 126,409,436 99.83Other net assets/(liabilities) 211,984 0.17

126,621,420 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsAmazon.Com Inc. 323,879,950 4.50Tesla Inc. 262,837,632 3.65Microsoft Corporation 237,597,925 3.30Facebook Inc. 230,090,939 3.20Taiwan Semiconductor Manufacturing Co. Ltd

158,446,139 2.29

ASML Holding NV 151,678,589 2.11Alphabet Inc. 142,772,849 1.99Mastercard Inc. 126,115,754 1.75Netflix Inc. 111,961,682 1.56Paypal Holdings Inc. 100,724,454 1.40

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsCanada 128,462,147 1.79Denmark 165,760,180 2.30France 368,551,695 5.12Germany 92,619,609 1.29Hong Kong 191,041,954 2.66Japan 312,516,893 4.35Netherlands 311,296,040 4.33Switzerland 181,220,157 2.52Taiwan, Province of China 171,760,064 2.39United Kingdom 293,488,989 4.08United States 4,021,808,517 55.92Others ** 953,110,527 13.25Total 7,191,636,772 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ US$ AssetsEquities 6,826,472,893 94.92Fixed Income Securities 1,212,400 0.02Cash and cash equivalents 363,951,479 5.06Total 7,191,636,772 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^ US$ AssetsB 1,212,400 0.02

1,212,400 0.02

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ US$ AssetsAmazon.Com Inc. 180,033,085 3.71Facebook Inc. 141,959,027 2.93Microsoft Corporation 117,968,659 2.43Mastercard Inc. 95,840,013 1.98Taiwan Semiconductor Manufacturing Co. Ltd

88,535,305 1.96

Alphabet Inc. 84,877,205 1.75Broadcom Inc. 80,257,383 1.65Visa Inc. 74,745,382 1.54JPMorgan Chase & Co 74,732,710 1.54AIA Group Ltd 70,897,782 1.46

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsCommunication Services 667,246,617 9.28Consumer Discretionary 1,208,391,852 16.80Consumer Staples 416,625,375 5.79Energy 159,994,640 2.22Financials 691,638,139 9.62Health Care 997,253,551 13.87Industrials 446,303,827 6.21Information Technology 1,719,277,426 23.91Materials 342,029,694 4.76Real Estate 74,433,187 1.04Utilities 104,490,985 1.45Others ** 363,951,479 5.05Total 7,191,636,772 100.00


Fund

s Inf

orma

tion

76



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Perspective Fund* 1.61% 1.69% 28.84% 25.30%Underlying Fund#^ 0.86% 0.87% 28.84% 25.30%


* The expense ratio of the underlying fund was included to compute the final ratio. # The expense and turnover ratio of the underlying fund were based on unaudited draft accounts. # The underlying fund was restructured from Aberdeen Standard Global Opportunities to Capital Group New Perspective Fund and Capital Group replaced Aberdeen Standard

with effect from 23 May 2019.

Exposure to Derivatives^ (Underlying Fund)Nil.

Borrowings^Nil.

Total amount of Subscriptions and Redemptions for the period ended 30 June 2020 S$




^ Source: Capital Group

Fund

s Inf

orma

tion

77



Market Value S$

% of Net Assets

Unit TrustAB SICAV I - Sustainable Global Thematic Portfolio S1X Class

27,103,023 99.73


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsAdyen NV 26,123,155 2.94MSCI, Inc. - Class A 24,464,574 2.75Chr Hansen Holding A/S 24,360,003 2.74Bio-Rad Laboratories, Inc. - Class A 23,702,120 2.66Gerresheimer AG 23,422,652 2.63Koninklijke Philips NV 21,388,462 2.40West Pharmaceutical Services, Inc. 20,362,980 2.29Infineon Technologies AG 19,811,106 2.23Vestas Wind Systems A/S 19,621,001 2.21Tecan Group AG 19,390,951 2.18

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsAustria 9,650,937 1.08Brazil 9,408,992 1.06China 29,649,702 3.34Denmark 43,981,004 4.95France 33,281,343 3.74Germany 43,233,758 4.86Hong Kong 12,973,845 1.46India 22,924,140 2.58Ireland 44,957,527 5.06Japan 37,029,644 4.16Netherlands 78,017,263 8.77Switzerland 35,552,504 4.00United Kingdom 12,382,770 1.39United States 401,124,390 45.08Others** 75,506,911 8.47Total 889,674,730 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ US$ AssetsEquities 814,167,819 91.53Derivatives (486,627) (0.05)Other net assets/(liabilities) 75,993,538 8.52Total 889,674,730 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^ US$ AssetsNot applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ US$ AssetsVisa Inc. - Class A 20,530,587 2.67MSCI Inc. - Class A 19,709,539 2.56American Water Works Co. Inc. 19,445,993 2.53Ecolab Inc. 19,240,291 2.50Xylem Inc./NY 19,233,115 2.50Kingspan Group PLC (London) 18,834,295 2.45Apollo Hospitals Enterprise Ltd 18,831,407 2.45Bio-Rad Laboratories, Inc. - Class A 16,323,413 2.12Koninklijke DSM NV 16,281,269 2.12Vestas Wind Systems A/S 16,089,189 2.09

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsCommunication Services 15,902,099 1.79Consumer Discretionary 58,864,543 6.63Consumer Staples 39,479,192 4.44Financials 81,448,521 9.15Health Care 200,727,686 22.55Industrials 114,218,436 12.85Information Technology 232,254,308 26.09Materials 56,382,261 6.34Utilities 14,890,773 1.67Others** 75,506,911 8.49Total 889,674,730 100.00


Fund

s Inf

orma

tion

78



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Thematic Fund* 1.70% 1.71% 37.42% 37.73%Underlying Fund#^ 0.77% 0.79% 37.42% 37.73%


* The expense ratio of the underlying fund was included to compute the final ratio. # The expense and turnover ratios of the underlying fund were computed for the period ending 30 November 2019. The ratios for the period ending 30 June 2020 are not

available. ^ The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.

Exposure to Derivatives^ Market Value % of Net(Underlying Fund) US$ Assets

i) Market value of derivative contracts - Foreign Exchange Forward Contracts (486,627) (0.05)

ii) Net gain on derivative realised -


Borrowings^Securities lending amount of USD 0.95, which is less than 1% of the total portfolio as of 30 June 2020.





^ Source: AllianceBernstein(Singapore) Ltd

Fund

s Inf

orma

tion

79



Market Value S$

% of Net Assets

Unit TrustSchroders ISF Global Equity Alpha Fund - Singapore

126,285,318 99.72


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsMicrosoft Corporation 63,929,554 4.75Alphabet Inc. 62,529,388 4.65Visa Inc. 60,122,684 4.47Amazon.Com Inc. 58,222,183 4.33Adobe Inc. 53,046,851 3.94Facebook Inc. 46,162,181 3.43UnitedHealth Group Inc. 38,555,827 2.87Danone S.A. 33,266,557 2.47JPMorgan Chase & Co. 32,552,634 2.42Intuit Inc. 32,121,277 2.39

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsAustria 16,891,476 1.26China 45,473,745 3.38Denmark 22,494,164 1.67France 53,960,349 4.01Germany 115,416,870 8.58Hong Kong 21,717,943 1.62India 20,254,864 1.51Korea, Republic Of 18,468,085 1.37Sweden 17,198,330 1.28Switzerland 49,578,121 3.69United Kingdom 67,288,746 5.00United States 875,194,367 65.08Others** 20,782,788 1.55Total 1,344,719,848 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ US$ AssetsEquities 1,336,641,464 99.40Other net assets/(liabilities) 8,078,384 0.60Total 1,344,719,848 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^ US$ AssetsNot applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ US$ AssetsVisa Inc. 57,635,674 4.75Nestle 49,790,427 4.11Adobe Inc. 42,696,599 3.52Philip Morris International Inc. 40,208,348 3.32Alphabet Inc. 39,660,886 3.27JPMorgan Chase & Co. 38,629,530 3.19Bank of America Corporation 36,434,458 3.00Schneider Electric 33,398,539 2.75Union Pacific 33,327,143 2.75Novartis AG 32,625,226 2.69

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsCommunication Services 168,785,387 12.55Consumer Discretionary 209,868,033 15.61Consumer Staples 157,285,902 11.70Financials 122,379,827 9.10Health Care 172,032,636 12.79Industrials 203,981,604 15.17Information Technology 268,543,505 19.97Real Estate 21,060,166 1.56Others** 20,782,788 1.55Total 1,344,719,848 100.00


Fund

s Inf

orma

tion

80



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Equity Alpha Fund* 1.62% 1.62% 66.53% 77.34%Underlying Fund# ^ 0.84% 0.85% 66.53% 77.34%


* The expense ratio of the underlying fund was included to compute the final ratio.# The expense and turnover ratios of the underlying fund were based on audited account.

Exposure to Derivatives^ Market Value % of Net(Underlying Fund) US$ Assets




Borrowings^Nil.





^ Source: Schroders Investment Management Ltd

Fund

s Inf

orma

tion

81



Market Value S$ % of Net Assets

Unit TrustLionGlobal Short Duration Bond Fund CL A - Singapore

171,920,870 100.12

Other net assets/(liabilities) (207,835) (0.12) 171,713,035 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsMinor International PLC Var Perpetual 9,819,060 1.81IOI Investment Berhad Series EMTN 4.375% due 27/06/2022

9,285,631 1.71

Wing Tai Holdings Limited Series MTN 4% due 07/10/2021

9,089,550 1.67

LB Baden-Wuerttemberg Series EMTN Var due 18/05/2027

8,572,860 1.58

"Lend Lease Retail Investments 3 Private Limited Series MTN 3.28% due 03/09/2021"

8,065,920 1.48

Allgreen Treasury Private Limited 3.15% due 16/01/2025

7,970,040 1.47

Manulife Financial Corporation Var due 25/05/2026

7,823,160 1.44

US Treasury 1.375% due 31/01/2025 7,620,428 1.40Government of Singapore 2.75% due 01/07/2023

7,495,600 1.38

United Overseas Bank Limited Series EMTN Var due 16/09/2026

7,263,720 1.34

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsAustralia 7,397,430 1.36Canada 7,823,160 1.44China 162,377,606 29.87Germany 8,572,860 1.58Hong Kong 9,250,091 1.70India 27,636,773 5.09Indonesia 8,210,305 1.51Malaysia 9,952,426 1.83Netherlands 7,485,995 1.38Philippines 7,669,053 1.41Qatar 17,663,843 3.25Saudi Arabia 6,112,711 1.13Singapore 186,780,231 34.36Korea, Republic Of 7,404,228 1.36Thailand 9,819,060 1.81United Arab Emirates 20,241,155 3.72United Kingdom 7,378,353 1.36United States of America 7,620,428 1.40Accrued interest receivable on debt securities

4,675,027 0.86

Others** 19,467,173 3.58Total 543,537,908 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsDebt Securities (Include accrued interest on Debt Securities)

531,991,824 97.88

Derivatives 3,062,438 0.56Cash and cash equivalents 8,483,646 1.56Total 543,537,908 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsLend Lease Retail Investments 3 Private Limited Series MTN 3.28% due 03/09/2021

8,014,880 1.81

United Overseas Bank Limitd Series EMTN Var due 16/09/2026

7,804,434 1.76

IOI Investment Berhad Series EMTN 4.375% due 27/06/2022

7,571,574 1.71

Government of Singapore 3% due 01/09/2024

7,404,600 1.67

"Ascott Real Estate Investment Trust MTN Pte Limited Series MTN 4.205% due 23/11/2022"

7,061,513 1.59

CapitaLand Limited 2.8% due 08/06/2025 7,011,935 1.58Straits Trading Company Limited Series EMTN 3.73% due 19/07/2021

6,807,240 1.53

Keppel Land Financial Series EMTN 3.259% due 11/12/2019

6,774,931 1.53

Standard Chartered PLC Var due 23/01/2026 6,387,688 1.44Wing Tai Holdings Limited Series MTN 4.5% due 26/09/2022

6,208,920 1.40

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsBasic Materials 23,692,004 4.36Consumer, Cyclical 15,771,446 2.90Consumer, Non-cyclical 6,397,887 1.18Energy 13,616,667 2.50Financial 177,057,522 32.58Industrial 78,855,391 14.51Real Estate 180,665,659 33.24Sovereign 17,415,556 3.20Utilities 12,850,742 2.36Accrued interest receivable on debt securities

4,675,027 0.86

Others** 12,540,007 2.31Total 543,537,908 100.00** Includes any other industries and net current assets.

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2019^ S$ Assets Aaa 15,116,028 2.78 Aa2 2,233,495 0.41 Aa3 1,934,955 0.35 A1 19,555,966 3.60 A2 33,580,362 6.18 A3 22,147,844 4.08 Baa1 32,784,056 6.03 Baa2 100,264,531 18.45 Baa3 59,451,604 10.93 Ba2 2,911,819 0.54 Ba3 3,836,495 0.71 B1 2,817,129 0.52Non Rated 230,682,513 42.44Accrued interest on debt securities 4,675,027 0.86

531,991,824 97.88

Fund

s Inf

orma

tion

82



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Short Duration Bond Fund* 0.61% 0.61% 40.00% 58.00%Underlying Fund#^ 0.59% 0.59% 40.00% 58.00%



Exposure to Derivatives^ Market Value % of Net(Underlying Fund) S$ Assets

i) Market value of derivative contracts - Foreign Exchange Forward Contracts 3,082,983 0.56 - Futures Contract (20,545) 0.00

ii) Net loss on derivative realised (11,671,290)


Borrowings^Nil.



Related-Party Transactions^Transaction fees charged by the Trustee was S$8,454.Registration fees charged by a related company of the Trustee was S$34,406.Valuation and administration fees charged by the Trustee was: S$184,899.Custodian fees charged by a related company of the Trustee was: S$87,508.Bank service fees charged by a bank which is a related company of the Trustee was S$6,523.Cash transfer fees charged by a related company of the Trustee was S$10,987. The GreatLink Short Duration Bond Fund invests 100% of its net assets value in LionGlobal Short Duration Bond Fund, which is managed by Lion Global Investors Ltd, a related company of The Great Eastern Life Assurance Co. Ltd.



Fund

s Inf

orma

tion

83



Market Value S$

% of Net Assets

Unit TrustLionGlobal Japan Growth Fund SGD-Hedged

12,500,352 99.98


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsSony Corporation 7,724,473 3.10Keyence Corporation 7,453,162 2.99Daiichi Sankyo Company Ltd 6,080,630 2.44Daikin Industries Ltd 4,953,872 1.99Orix Corporation 4,937,158 1.98Mizuho Financial Group Inc. 4,750,602 1.90Olympus Corporation 4,688,612 1.88Shin-Etsu Chemical Company Ltd 4,674,216 1.87Denso Corporation 4,349,954 1.74Murata Manufacturing Company Ltd 4,222,419 1.69

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsJapan 237,098,095 95.05Others** 12,336,123 4.95Total 249,434,218 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsEquities 237,098,095 95.05 Derivatives 121,030 0.05 Cash and cash equivalents 12,215,093 4.90 Total 249,434,218 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020 ^

S$ Assets

Not applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsSony Corporation 6,326,511 2.64Orix Corporation 5,649,870 2.36Keyence Corporation 5,231,712 2.18Asahi Intecc Co. Ltd 4,959,165 2.07Denso Corporation 4,849,869 2.02Daikin Industries Ltd 4,344,898 1.81Mitsui & Company Ltd 4,319,285 1.80ITOCHU Corporation 3,958,848 1.65Daiichi Sankyo Co. Ltd 3,856,516 1.61Chiba Bank Ltd 3,737,261 1.56

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsBasic Materials 11,338,470 4.55Communications 4,706,526 1.89Consumer, Cyclical 33,903,324 13.59Consumer, Non-cyclical 50,531,787 20.26Financial 21,024,858 8.43Industrial 56,823,260 22.78Real Estate 8,936,234 3.58Technology 46,256,247 18.54Others** 15,913,512 6.38Total 249,434,218 100.00


Fund

s Inf

orma

tion

84



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lion Japan Growth Fund* 1.58% 1.56% 18.00% 28.00%Underlying Fund# ^ 1.57% 1.55% 18.00% 28.00%




i) Market value of derivative contracts - Foreign Exchange Forward Contracts 121,030 0.05



Borrowings^Nil.



Related-Party TransactionsÎnterest expenses incurred with a bank which is a related company of the Trustee was S$ 3,471. Custodian fees charged by a related company of the Trustee was S$ 21,479 The GreatLink Lion Japan Growth Fund invests 100% of its net assets value in LionGlobal Japan Growth Fund, which is managed By Lion Global Investors Ltd, a related company of The Great Eastern Life Assurance Co. Ltd.



Fund

s Inf

orma

tion

85



Market Value S$

% of Net Assets

Unit TrustLionGlobal India Fund - Singapore 58,725,921 99.88Other net assets/(liabilities) 69,389 0.12

58,795,310 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsReliance Industries Ltd 11,352,403 12.99Infosys Ltd 7,122,692 8.15Housing Development Finance Corporation Ltd

6,043,394 6.91

ICICI Bank Ltd 4,823,438 5.52Hindustan Unilever Ltd 4,632,075 5.30Tata Consultancy Services Ltd 4,404,927 5.04Bharti Airtel Ltd 3,874,902 4.43HCL Technologies Ltd 2,619,054 3.00Mahindra & Mahindra Ltd 2,554,905 2.92Maruti Suzuki India Ltd 2,382,023 2.73

Allocation By Country of Underlying Fun Market Value % of Netas at 30 June 2020^ S$ AssetsIndia 84,681,547 96.89Others** 2,721,589 3.11

Total 87,403,136 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsEquities 84,681,547 96.89 Cash and cash equivalents 2,721,589 3.11

Total 87,403,136 100.00


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsOAI Mauritius Ltd 56,298,816 49.07Infosys Ltd 2,643,794 2.30Power Grid Cor of India Ltd 2,467,759 2.15Asian Paints Limited 2,456,915 2.14Housing Development Finance Corporation Ltd

2,414,833 2.10

Grasim Industries Ltd 2,217,830 1.93Reliance Industries Ltd 2,161,929 1.88ITC Ltd 2,110,347 1.84NTPC Ltd 1,970,979 1.72Bharti Airtel Ltd 1,804,646 1.57

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsFinancial 19,426,296 22.23Energy 15,181,430 17.37Technology 15,136,794 17.32Consumer, Non-cyclical 14,302,226 16.36Basic Materials 5,563,000 6.37Consumer, Cyclical 4,936,928 5.65Industrial 4,210,242 4.82Communications 3,874,902 4.43Utilities 2,049,729 2.34Others** 2,721,589 3.11Total 87,403,136 100.00


Fund

s Inf

orma

tion

86



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lion India Fund* 1.61% 2.50% 91.00% 56.00%Underlying Fund# ^ 1.33% 1.53% 91.00% 56.00%







Borrowings^Nil.



Related-Party TransactionsÎnterest expenses incurred with a bank which is a related company of the Trustee was S$62.Transaction fees charged by a related company of the Trustee was S$17,162.Custodian fees charged by a related company of the Trustee was S$44,155.Bank service fees charged by a bank which is a related company of the Trustee was S$103.Cash transfer fees charged by a related company of the Trustee was $20,360. The GreatLink Lion India Fund invests 100% of its net assets value in LionGlobal India Fund, which is managed By Lion Global Investors Ltd, a related company of The Great Eastern Life Assurance Co. Ltd.



PENDING

Fund

s Inf

orma

tion

87



Market Value S$

% of Net Assets

Unit TrustJPMorgan Investment Funds – Global Income Fund (SGD-Hedged)

19,936,395 51.22

JPMorgan Funds – Asia Pacific Income Fund (SGD-Hedged)

18,996,151 48.80


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsJPMorgan Global Income Fund SGD-HTaiwan Semiconductor Manufacturing Co. Ltd 215,909,248 0.80Prologis Inc. 188,920,592 0.70Roche Holding AG 161,931,936 0.60Coca-Cola Co./The 134,943,280 0.50Verizon Communications Inc. 134,943,280 0.50AbbVie Inc. 134,943,280 0.50Merck & Co. Inc. 107,954,624 0.40Sprint Corporation 107,954,624 0.40Bristol-Myers Squibb 107,954,624 0.40Iberdrola 107,954,624 0.40

JPMorgan Asia Pacific Income Fund SGD-HSamsung Electronics Co. Ltd 82,052,818 4.80Taiwan Semiconductor Manufacturing Co. Ltd 75,215,083 4.40CLP Holdings Ltd 54,701,879 3.20Hong Kong Exchanges & Clearing 46,154,710 2.70Brambles Ltd 32,479,240 1.90Ping An Insurance Group Co. of China Ltd 30,769,807 1.80Mapletree Logistics Trust 25,641,506 1.50China Mobile Ltd 25,641,506 1.50Tata Consultancy Services Ltd 23,932,072 1.40China Merchants Bank 20,513,204 1.20

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ US$ AssetsJPMorgan Global Income Fund SGD-HCoca-Cola Co./The 228,185,590 0.75Pfizer Inc. 209,930,743 0.69Novartis AG 179,505,997 0.59Verizon Communications Inc. 173,421,048 0.57Merck & Co. Inc. 164,293,625 0.54FN BM3788 3.5% 01 Mar 2048 152,123,726 0.50Prologis Inc. 146,038,777 0.48FG G67706 3.5% 01 Dec 2047 139,953,828 0.46Total SA 136,911,354 0.45Vinci SA 136,911,354 0.45

JPMorgan Asia Pacific Income Fund SGD-HTaiwan Semiconductor Manufacturing Co. Ltd

71,436,320 2.99

Samsung Electronics Co. Ltd 64,029,879 2.68Power Grid Corp of India Ltd 47,544,574 1.99China Life Insurance Co. Ltd 44,438,647 1.86Australia and New Zealand Banking Group Ltd

40,138,133 1.68

BOC Hong Kong Holdings Ltd 38,226,793 1.60Ping An Insurance Group Co. of China Ltd 36,076,536 1.51Sun Hung Kai Properties Ltd 32,492,774 1.36Telekomunikasi Indonesia Persero Tbk PT 31,776,022 1.33Bangkok Bank PLC 31,298,187 1.31

Fund

s Inf

orma

tion

88


Credit Rating of Debt Securities of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsJPMorgan Global Income Fund SGD-HAAA 936,776,248 3.47AA 273,826,903 1.01A 965,600,133 3.58BBB 2,421,206,303 8.97<BBB 9,353,350,541 34.66Not Rated 461,182,153 1.71

14,411,942,281 53.40

JPMorgan Asia Pacific Income Fund SGD-HAAA 1,709,434 0.10AA 6,837,735 0.40A 170,943,371 10.00BBB 300,860,332 17.60<BBB 189,747,141 11.10Non Rated 42,735,842 2.50

712,833,855 41.70

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsJPMorgan Global Income Fund SGD-HUnited States 15,032,681,369 55.70Europe ex-UK 5,046,878,664 18.70Emerging Markets 2,051,137,853 7.60United Kingdom 1,322,444,142 4.90Canada 512,784,463 1.90Asia ex-Japan 431,818,495 1.60Japan 377,841,183 1.40Others** 2,213,069,789 8.20Total 26,988,655,958 100.00

JPMorgan Asia Pacific Income Fund SGD-HAustralia 129,916,962 7.60China 570,950,858 33.40Hong Kong 234,192,418 13.70India 99,147,155 5.80Indonesia 121,369,793 7.10Korea, Republic Of 152,139,600 8.90Malaysia 23,932,072 1.40Philippines 27,350,939 1.60Singapore 129,916,962 7.60Taiwan, Province Of China 116,241,492 6.80Thailand 22,222,638 1.30Others** 82,052,817 4.80Total 1,709,433,706 100.00


Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020 ^ US$ AssetsJPMorgan Global Income Fund SGD-HNot applicable.

JPMorgan Asia Pacific Income Fund SGD-HNot applicable.

Allocation By Asset Class of Underlying Fund Market Value % of Netas at 30 June 2020^ US$ AssetsJPMorgan Global Income Fund SGD-HUS High Yield 7,502,846,356 27.80 Global Equity 3,562,502,586 13.20 European High Yield 2,051,137,853 7.60 Non-Agency Securitized 1,862,217,261 6.90 Preferred Equity 1,835,228,605 6.80 Global REITs 1,673,296,669 6.20 Emerging Markets Equity 1,322,444,142 4.90 IG Corporates (USD) 1,187,500,862 4.40 Cash and cash equivalents 2,213,069,789 8.20 Other net assets/(liabilities) 3,778,411,835 14.00 Total 26,988,655,958 100.00

JPMorgan Asia Pacific Income Fund SGD-HEquities 953,864,008 55.80 Fixed Income Securities 712,833,855 41.70 Cash and cash equivalents 42,735,843 2.50 Total 1,709,433,706 100.00

Fund

s Inf

orma

tion

89



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Income Focus Fund* 1.62% 1.63% 61.35% 63.59%Underlying Fund - JPMorgan Global Income Fund SGD-H# ^

1.43% 1.45% 55.98% 63.82%

Underlying Fund - JPMorgan Asia Pacific Income Fund SGD-H# ^

1.78% 1.80% 66.71% 63.36%


* The expense ratio of the underlying fund was included to compute the final ratio.# The expense ratios of the underlying funds JPMorgan Global Income fund SGD-H and JPMorgan Asia Pacific Income Fund SGH-H were computed for period ended 31 December

2019, based on audited accounts and unaudited draft accounts respectively. The ratios for period ended 30 June 2020 are not available in time for publication.

Exposure to Derivatives^ Market Value % of Net(Underlying Fund) Eur€ Assets

JPMorgan Global Income Fund SGD-H¹i) Market value of derivative contracts - Forward Foreign Exchange Contracts 133,459,327 0.46 - Futures (13,292,258) (0.05)



Market Value % of Net US$ Assets

JPMorgan Asia Pacific Income Fund SGD-H²i) Market value of derivative contracts - Foreign Exchange Forward Contracts 13,706,678 0.63



Borrowings^Nil.





^ Source: JPMorgan Asset Management (Singapore) Ltd . There will be some slight/negligible differences due to decimal rounding issues.1 The information is based on the Fund's AUM 28,726,573,274 (in EUR terms), which is extracted from the JPMorgan Investment Funds' audited Annual Report dated 31

December 2019. The information as at 30 June 2020 is not available in time for publication.2 The information is based on the Fund's AUM 2,190,795,469 (in USD terms), which is extracted from the JPMorgan Investment Funds' unaudited Semi-Annual Report dated

31 December 2019. The information as at 30 June 2020 is not available in time for publication.

Fund

s Inf

orma

tion

90


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsAberdeen Standard Pacific Equity Fund Aberdeen Standard SICAV I - Indian Equity Fund#

111,666,282 7.73

Aberdeen Standard Singapore Equity Fund 94,295,599 6.53 Tencent Holdings Ltd 74,504,938 5.16 Aberdeen Standard China Opportunities Fund

73,109,915 5.06

Samsung Electronics Co. Ltd (Pref) 72,346,733 5.01 Taiwan Semiconductor Manufacturing Co. Ltd

64,968,121 4.50

Aberdeen Standard Thailand Equity Fund 44,169,521 3.06 Ping An Insurance Group Co of China Ltd 41,769,875 2.89 AIA Group Ltd 40,610,341 2.81 China Resources Land Ltd 39,551,906 2.74

# The underlying fund is not authorised for public sale in Singapore.

LionGlobal Singapore Fixed Income Investment Class AGovernment of Singapore 2.875% due 01/09/2030

8,839,050 8.58

Government of Singapore 3.5% due 01/03/2027

6,670,200 6.47


5,674,968 5.51


4,284,090 4.16


4,024,125 3.91


3,758,904 3.65


2,754,640 2.67


2,709,720 2.63


2,688,425 2.61

Housing & Development Board Series MTN 2.505% due 27/06/2024

2,553,375 2.48


Market Value S$

% of Net Assets

Unit TrustAberdeen Standard Pacific Equity Fund 33,346,380 54.41LionGlobal Singapore Fixed Income Investment CL A - Singapore

27,955,963 45.61


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsAberdeen Standard Pacific Equity FundTencent Holdings Ltd 114,478,250 9.65 Samsung Electronics Co. Ltd (Pref) 91,665,697 7.73 Taiwan Semiconductor Manufacturing Co. Ltd

85,253,702 7.18

Aberdeen Standard China Opportunities Fund

51,673,090 4.35

Ping An Insurance Group Co. of China Ltd 46,666,085 3.93 CSL Ltd 40,130,024 3.38 China Resources Land Ltd 37,186,438 3.13 AIA Group Ltd 36,545,955 3.08 Aberdeen Standard Singapore Equity Fund 31,255,462 2.63 HDFC Ltd 27,947,820 2.36

LionGlobal Singapore Fixed Income Investment Class AGovernment of Singapore 2.25% due 01/08/2036

10,964,355 8.88


9,759,750 7.91


7,161,898 5.80


7,080,000 5.73


6,143,025 4.98


5,517,072 4.47


4,476,060 3.63


3,941,030 3.19


2,879,225 2.33

Housing & Development Board Series MTN 2.505% due 27/06/2024

2,667,750 2.16

Fund

s Inf

orma

tion

91


Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsAberdeen Standard Pacific Equity FundAustralia 96,236,304 8.11 China 357,804,693 30.16 Hong Kong 121,247,955 10.22 India 98,695,948 8.32 Indonesia 52,946,435 4.46 Malaysia 16,463,008 1.39 Netherlands 21,236,278 1.79 Philippines 26,992,269 2.28 Singapore 71,586,560 6.03 Korea, Republic Of 105,180,168 8.86 Taiwan, Province Of China 94,365,146 7.95 Thailand 25,769,144 2.17 United Kingdom 38,346,519 3.23 Others** 59,704,055 5.03 Total 1,186,574,482 100.00


LionGlobal Singapore Fixed Income Investment Class ASingapore 108,296,565 87.72France 3,033,930 2.46Australia 2,814,917 2.28Hong Kong 2,795,195 2.26Canada 2,530,560 2.05Malaysia 1,503,690 1.22Accrued interest receivable on debt securities

955,039 0.77

Others** 1,526,053 1.24Total 123,455,949 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsAberdeen Standard Pacific Equity FundEquities 1,139,849,806 96.06 Cash and cash equivalents 46,724,676 3.94 Total 1,186,574,482 100.00

LionGlobal Singapore Fixed Income Investment Class ADebt Securities (Include accrued interest receivable on Debt Securities)

122,910,323 99.56

Other net assets/(liabilities) 545,626 0.44Total 123,455,949 100.00

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsAberdeen Standard Pacific Equity FundCommunication Services 135,141,293 11.39 Consumer Discretionary 77,713,531 6.55 Consumer Staples 35,209,209 2.97 Energy 14,531,445 1.22 Financials 253,060,807 21.33 Healthcare 81,825,120 6.90 Industrials 46,334,114 3.90 Information Technology 227,151,374 19.14 Materials 56,284,053 4.74 Real Estate 68,831,179 5.80 Unit Trusts 143,767,681 12.12 Others ** 46,724,676 3.94 Total 1,186,574,482 100.00


LionGlobal Singapore Fixed Income Investment Class ASovereign 63,621,545 51.53Real estate 26,704,884 21.63Financial 22,685,818 18.39Industrial 4,548,865 3.68Communications 2,597,900 2.10Utilities 1,281,687 1.04Accrued interest receivable on debt securities 955,039 0.77Others** 1,060,211 0.86Total 123,455,949 100.00


Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^ S$ AssetsLionGlobal Singapore Fixed Income Investment Class AAaa 22,323,545 18.08Aa2 251,952 0.20A2 2,082,081 1.69A3 1,522,887 1.23Baa1 1,533,230 1.24Baa2 5,250,760 4.25Baa3 1,278,495 1.05Non Rated 87,712,334 71.05Accrued interest receivable on debt securities

955,039 0.77

122,910,323 99.56

Fund

s Inf

orma

tion

92



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lion Asian Balanced Fund* 1.39% 1.39% 14.32% 9.50%Underlying Fund - Aberdeen Standard Pacific Equity Fund# ^

1.63% 1.70% 18.64% 5.99%

Underlying Fund - LionGlobal Singapore Fixed Income Investment Class A#^

0.67% 0.68% 10.00% 13.00%


* The expense and turnover ratios of the two underlying funds based on 50% of investments into each underlying fund were included to compute the final ratio. # The expense and turnover ratios of the underlying fund - Aberdeen Pacific Equity were computed for the period ended 31 March 2020 based on unaudited draft accounts. The

ratios for the period ended 30 June 2020 are not available. The expense and turnover ratios of the underlying fund - LionGlobal Singapore Fixed Income Investment Class A were based on unaudited draft accounts.


Aberdeen Standard Pacific Equity Fund Nil

LionGlobal Singapore Fixed Income Investment Class Ai) Market value of derivative contracts - -

ii) Net loss on derivative realised (4)


Borrowings^Nil.



Related-Party TransactionsThe GreatLink Lion Asian Balanced Fund invests 54.45% of its net assets value in Aberdeen Standard Pacific Equity Fund and 45.55% of its net assets in LionGlobal Singapore Fixed Income Investment Class A, which is managed by Lion Global Investors Ltd, a related company of The Great Eastern Life Assurance Co. Ltd.

LionGlobal Singapore Fixed Income Investment Class ATransaction fees charged by the Trustee was S$ 2,431.Registration fees charged by a related company of the Trustee was S$ 12,100.Custodian fees charged by a related company of the Trustee was S$ 19,113.Bank service fees charged by a bank which is a related company of the Trustee was S$ 251.Valuation and administration fees charged by a related company of the Trustee was S$ 54,965.Cash transfer fees charged by a related company of the Trustee was S$ 4,729.


^ Source: Aberdeen Standard Investments (Asia) Limited, Lion Global Investors Ltd

Fund

s Inf

orma

tion

93

GREATLINK LION VIETNAM FUND report as at 30 June 2020


Market Value S$

% of Net Assets

Unit TrustLionGlobal Vietnam Fund - Singapore 10,240,252 99.86 Other net assets/(liabilities) 14,075 0.14

10,254,327 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsVietnam Dairy Products JSC 16,868,113 14.99Vinhomes JSC 15,251,984 13.56Hoa Phat Group JSC 12,660,801 11.25Vincom Retail JSC 8,065,158 7.17Masan Group Corporation 7,749,397 6.89Joint Stock Commercial Bank for Foreign Trade of Vietnam

7,643,414 6.79

Mobile World Investment Corporation 7,576,349 6.73FPT Corporation 5,305,766 4.72Airports Corporation of Vietnam 4,730,722 4.20Vingroup JSC 2,963,615 2.63

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsVietnam 109,913,813 97.70Others** 2,588,709 2.30 Total 112,502,522 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsEquities 109,913,813 97.70Cash and other net assets 2,588,709 2.30 Total 112,502,522 100.00

Credit Rating of Debt Securities of Market Value % of NetUnderlying Fund as at 30 June 2020^

S$ Assets

Not applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsVietnam Dairy Products JSC 11,796,959 11.79Hoa Phat Group JSC 8,463,321 8.46Mobile World Investment Corporation 8,403,104 8.40Vinhomes JSC 7,949,840 7.94Vincom Retail JSC 7,171,787 7.17Joint Stock Commercial Bank for Foreign Trade of Vietnam

6,480,434 6.48

Airports Corporation Of Vietnam 5,474,132 5.47Masan Group Corporation 4,944,322 4.94Vingroup JSC 4,924,757 4.92FPT Corporation 4,440,830 4.44

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsBasic Materials 12,660,801 11.25Consumer, Cyclical 7,576,349 6.73Consumer, Non-cyclical 26,890,300 23.90Energy 1,800,569 1.60Financial 12,639,765 11.24Industrial 11,143,452 9.91Real Estate 28,348,949 25.20Technology 7,405,683 6.58Utilities 1,447,945 1.29Others** 2,588,709 2.30Total 112,502,522 100.00


Fund

s Inf

orma

tion

94

GREATLINK LION VIETNAM FUND report as at 30 June 2020


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Lion Vietnam Fund* 1.80% 1.83% 5.00% 2.00%Underlying Fund# ^ 1.78% 1.81% 5.00% 2.00%


# The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.





Borrowings^Nil.



Related-Party Transactions Interest expenses incurred with a bank which is a related company of the Trustee was -S$ 9. Transaction fees charged by the Trustee was S$ 6,383.Valuation and administration fees charged by the Trustee was S$ 12,116.Registration fee charged by a related company of the Trustee was S$ 21,662.Custodian fees charged by a related company of the Trustee was S$ 46,302.Cash transfer fees charged by a related company of the Trustee was S$ 16,121.Bank service fees charged by a bank which is a related company of the Trustee was S$ 323.

The GreatLink Lion Vietnam Fund invests 100% of its net assets value in LionGlobal Vietnam Fund, which is managed By Lion Global Investors Ltd, a related company of The Great Eastern Life Assurance Co. Ltd.



95

Fund

s Inf

orma

tion



Market Value S$

% of Net Assets

Unit TrustFidelity Global Emerging Markets Fund SR-ACC-SGD

132,645,169 99.81


Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsAlibaba Group Holdings ADR 611,927,590 9.55Taiwan Semiconductor Manufacturing Co. Ltd

420,779,896 6.57

Naspers Ltd 355,438,004 5.55Samsung Electronics Co. Ltd 344,638,523 5.38Tencent Holdings Ltd 317,922,254 4.96AIA Group Ltd 316,731,434 4.94HDFC Bank Ltd 316,223,992 4.93China Mengniu Dairy Co. Ltd 298,971,890 4.66Zhongsheng Group Holdings 283,882,096 4.43Midea Group (A) 204,013,482 3.18

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsBrazil 84,600,255 1.32China 2,252,558,514 35.15Germany 153,327,226 2.39Hong Kong 711,736,659 11.10India 732,283,759 11.43Indonesia 146,938,146 2.29Korea, Republic Of 547,564,325 8.54Mexico 163,246,681 2.55Russia 273,803,341 4.27South Africa 452,612,897 7.06Taiwan, Province of China 573,950,799 8.95Others** 316,708,063 4.95Total 6,409,330,665 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsEquities 6,337,082,903 98.87 Open-ended Fund 25,388,856 0.40 Derivatives (400,528) (0.01)Other net assets/(liabilities) 47,259,434 0.74 Total 6,409,330,665 100.00


S$ Assets

Not applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsNaspers Ltd 551,756,969 7.63AIA Group Ltd 535,037,595 7.40HDFC Bank Ltd 380,338,501 5.26Taiwan Semiconductor Manufacturing Co. Ltd

318,925,061 4.41

China Mengniu Dairy Co. Ltd 295,677,031 4.09Alibaba Group Holdings ADR 294,107,640 4.07Bank Central Asia Tbk PT 254,340,051 3.52Housing Development Finance Corporation Ltd

250,617,521 3.47

Sberbank of Russia (USD) 245,421,421 3.39Inner Mongoliyili (A) 193,355,329 2.67

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsConsumer Discretionary 2,027,966,105 31.64Consumer Staples 599,616,989 9.35Financials 1,464,977,139 22.86Healthcare 114,626,167 1.79Industrials 341,415,923 5.33Information Technology 1,504,502,929 23.47Materials 272,876,666 4.26Others** 83,348,747 1.30Total 6,409,330,665 100.00


96

Fund

s Inf

orma

tion



30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Global Emerging Markets Equity Fund* 1.75% 1.74% 49.01% 92.92%Underlying Fund#^ 1.72% 1.72% 49.01% 92.92%


* The expense ratio of the underlying fund was included to compute the final ratio. # The expense and turnover ratios of the underlying fund were computed for the period ended 30 April 2020. The ratios for the period ended 30 June 2020 are not available.^ The expense and turnover ratios of the underlying fund were based on audited accounts.





Borrowings^Bank overdrafts of S$1.39 which is less than 1% of the underlying fund's NAV as of 30 June 2020.





^ Source: FIL Fund Management Limited

97

Fund

s Inf

orma

tion



Market Value S$

% of Net Assets

Unit TrustLionGlobal All Seasons Fund - Singapore 3,677,087 97.97 Other net assets/(liabilities) 76,260 2.03

3,753,347 100.00

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsLionGlobal Asia Pacific Fund - SGD Class 7,856,760 22.60Vanguard S&P 500 UCITS ETF 7,544,960 21.70LionGlobal Short Duration Bond Fund - SGD Class I Acc

4,025,217 11.60

Xtrackers Euro Stoxx 50 UCITS ETF 3,652,910 10.50LionGlobal Singapore Fixed Income Investment - SGD Class I

3,525,858 10.10

LionGlobal Asia Bond Fund - SGD Hedged Class

3,123,870 9.00

Lyxor Core Stoxx Europe 600 DR ETF 2,427,922 7.00LionGlobal Japan Growth Fund - SGD Class 2,146,001 6.20

Allocation By Country of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsAsia Pacific 13,126,631 37.79Europe 2,427,922 6.99Germany 3,652,909 10.52Ireland 7,544,960 21.72Singapore 7,551,075 21.74Others** 435,310 1.25Total 34,738,807 100.00


Allocation By Asset Class of Underlying Market Value % of NetFund as at 30 June 2020^ S$ AssetsInvestment Funds 34,303,497 98.75Cash and cash equivalents 435,310 1.25 Total 34,738,807 100.00


S$ Assets

Not applicable.

Top 10 Holdings of Underlying Fund Market Value % of Netas at 30 June 2019^ S$ AssetsVanguard S&P 500 UCITS ETF 5,223,643 20.40LionGlobal Asia Pacific Fund - SGD Class 5,179,724 20.30LionGlobal Singapore Fixed Income Investment - SGD Class I

2,450,342 9.60

LionGlobal Short Duration Bond Fund - SGD Class I Acc

2,439,068 9.50

LionGlobal Asia Bond Fund - SGD Hedged Class

2,101,685 8.20

Xtrackers Euro Stoxx 50 UCITS ETF 1,950,938 7.60Lyxor Core Stoxx Europe 600 DR ETF 1,799,064 7.00LionGlobal Japan Growth Fund - SGD Class 1,524,262 6.00

Allocation By Industry of Underlying Fund Market Value % of Netas at 30 June 2020^ S$ AssetsNot applicable.

98

Fund

s Inf

orma

tion


30 June 2020 30 June 2019 30 June 2020 30 June 2019GreatLink Diversified Growth Fund#* 0.77% 0.64% 10.00% 3.00%Underlying Fund#^ 0.49% 0.36% 10.00% 3.00%


* The expense ratio of the underlying fund was included to compute the final ratio. # The expense and turnover ratios of the underlying fund were based on unaudited draft accounts.





Borrowings^Nil.


Subscriptions 1,707,740 Redemptions 369,199

Related-Party Transactions^Transaction fees charged by the Trustee was S$ 583.Custodian fees charged by a related company of the Trustee was S$ 1,104.Valuation and administration fees charged by the Trustee was S$ 4,468.Bank service fees charged by a bank which is a related company of the Trustee was S$ 495.Cash transfer fees charged by a related company of the Trustee was S$ 478.




99

Soft

Dolla

r Com

miss

ions

Funds managed by Lion Global Investors LtdThe soft dollar commissions from various brokers for the period were utilised on research and advisory services, economic and political analyses, portfolio analyses, market analyses, data and quotation analyses and computer hardware and software used for and in support of the investment process of fund managers. Goods and services received were for the benefit of the scheme and there was no churning of trades. These brokers also execute trades for other funds managed by the managers. The trades are conducted on best available terms and in accordance with best practices.

Fund managed by AllianceBernstein (Singapore) Ltd*For the period ended 30 June 2020, the Investment Manager does receive and has entered into soft-dollar commissions/arrangements with brokers relating to portfolios of the Underlying Fund that invest in equity securities, in respect of which certain goods and services used to support the investment decision making process were received. The soft commission arrangements were entered into on the basis that the execution of transactions on behalf of the Underlying Fund will be consistent with best execution standards and brokerage rates will not be in excess of customary institutional full-service brokerage rates. The goods and services received include specialist industry, company and consumer research, portfolio and market analysis and computer software used for the delivery of such services. The nature of the goods and services received is such that the benefits provided under the arrangement must be those which assist in the provision of investment services to the Underlying Fund and may contribute to an improvement in the Underlying Fund's performance. For the avoidance of doubt, such goods and services do not include travel, accommodations, entertainment, general administrative goods or services, general office equipment or premises, membership fees, employees' salaries or direct money payments. Disclosure of soft commission arrangements will be made in the periodic reports of the Underlying Fund.

* AllianceBernstein (Singapore) Ltd has confirmed that their Investment Professionals are strictly prohibited from engaging in any portfolio or market manipulative practices, including, but not limited to churning of trade. The Investment Manager will not enter into unnecessary trades in order to qualify for soft-dollar commissions/arrangements.

SOFT DOLLAR COMMISSIONS report as at 30 June 2020

100

Soft

Dolla

r Com

miss

ions


Fund managed by Schroders Investment Management (Singapore) LtdIn the management of the Fund, the Manager may accept soft dollar commissions from, or enter into soft dollar arrangements with, stockbrokers who execute trades on behalf of the Fund and the soft dollars received are restricted to the following kinds of services:

(i) research, analysis or price information;

(ii) performance measurement;

(iii) portfolio valuations; and

(iv) administration services.

The Manager may not receive or enter into soft dollar commissions or arrangements unless (a) such soft dollar commissions or arrangements shall reasonably assist the Manager in their management of the Fund, (b) best execution is carried out for the transactions, and (c) that no unnecessary trades are entered into in order to qualify for such soft dollar commissions or arrangements. The Manager shall not receive goods and services such as travel, accommodation and entertainment.nd entertainment.

Fund managed by Capital International, Inc.Nil.

Fund managed by Aberdeen Standard Investments (Asia) LimitedNil.

Fund managed by Goldman Sachs (Singapore) Pte LtdNil.

Fund managed by FIL Fund Management LimitedThe Investment Manager and any of its delegates may effect transactions by or through the agency of another person with whom the Investment Manager and any of its delegates have an arrangement under which that party will from time to time provide to or procure for the Investment Manager and any of its delegates goods, services or other benefits (such as research and advisory services, where permitted by regulation only), the nature of which is such that their provision can reasonably be expected to benefit the Fund as a whole and may contribute to an improvement in the performance of the Fund and that of the Investment Manager or any of its delegates in providing services to the Fund and for which no direct payment is made but instead the Investment Manager and any of its delegates undertake to place business with that party. For the avoidance of doubt, such goods and services do not include travel, accommodation, entertainment, general administrative goods or services, general office equipment or premises, membership fees, employee salaries or direct money payments.The Investment Manager and any of its delegates shall not retain the benefit of any cash commission rebate (being repayment of a cash commission made by a broker or dealer to the Investment Manager and/or any delegates) paid or payable from any such broker or dealer in respect of any business placed with such broker or dealer by the Investment Manager or any of its delegates for or on behalf the Fund. Any such cash commission rebate from any such broker or dealer will be held by the Investment Manager and any of its delegates for the account of the Fund. Brokerage rates will not be excessive of customary brokerage rates. All transactions will be done with best execution.

Soft

Dolla

r Com

miss

ions

101


With respect to Fidelity Global Emerging Markets Fund SR-ACC-SGD that is included under the CPF Investment Scheme, a broker or dealer with whom the Investment Manager and/or any sub-manager has an arrangement as described above may execute trades for other collective Investment schemes managed by the Investment Manager and/or any sub-manager. The Investment Manager confirms that the trades were executed in accordance with the Investment Manager’s best execution policy and there was no churning of trades.

Fund managed by JPMorgan Asset Management (Singapore) Ltd**The Investment Managers may enter into commission sharing arrangements only where there is a direct and identifiable benefit to the clients of the Investment Managers, including the SICAV, and where the Investment Managers are satisfied that the transactions generating the shared commissions are made in good faith, in strict compliance with applicable regulatory requirements and in the best interests of the SICAV and the Shareholders. Any such arrangements must be made by the Investment Manager on terms commensurate with best market practice. Due to their local regulatory rights, certain Investment Managers may make use of soft commission to pay for research or execution services. Other jurisdictions may have other arrangements in place to pay for such services in accordance with local regulatory obligations. From 1 January 2018, where JPMorgan Asset Management (UK) Limited is the investment manager, all costs associated with the purchase of external research in relation to Soft Commission are being paid directly by JPMorgan Asset Management (UK) Limited.

** JPMorgan Asset Management (Singapore) Limited has confirmed that their Investment Professionals are strictly prohibited from engaging in any portfolio or market manipulative practices, including, but not limited to churning of trade. The Investment Manager will not enter into unnecessary trades in order to qualify for soft-dollar commissions/arrangements. 1 “Connected Persons” means (a) any person beneficially owning, directly or indirectly, 20% or more

of the ordinary share capital of that company or able to exercise, directly or indirectly, 20% or more of the total votes in that company; (b) any person controlled by a person who meets one or both of the requirements set out in (a) above; (c) any company 20% or more of whose ordinary share capital is beneficially owned, directly or indirectly, by any investment adviser, investment manager or Share Distributor taken together; and any company 20% or more of the total votes in which can be exercised, directly or indirectly by such investment adviser, investment manager or Share Distributor taken together; and (d) any director or officer of any investment adviser or investment manager or Share Distributor or of any Connected Person of that company, as defined in (a), (b) or (c) above.

Capit

al Ac

coun

tCAPITAL ACCOUNT (Unaudited) for the period ended 30 June 2020

102

GreatLink Cash Fund

GreatLink ASEAN Growth

Fund

GreatLink Asia Pacific Equity

Fund

GreatLink Global Supreme

Fund


GreatLink European

Equity Fund

S$ S$ S$ S$ S$ S$

Value of Fund at beginning of the period 36,486,383 267,775,578 607,833,836 383,614,772 39,526,653 19,074,592

Amount paid to the Fund for creation of units 18,335,321 8,342,571 16,194,375 16,349,635 9,978,697 1,889,553

Amount paid by the Fund for redemption of units (10,086,687) (6,353,582) (18,519,314) (4,515,190) (8,665,005) (864,249)

Net cash into/(out of) the Fund 8,248,634 1,988,989 (2,324,939) 11,834,445 1,313,692 1,025,304

Investment Income

Interest 498,751 - - 1,932,483 - -

Dividends - 4,562,686 - 2,314,344 594,729 -

Other income - 150,080 251,383 19,495 - -

498,751 4,712,766 251,383 4,266,322 594,729 -

Fund Expenses

Management fees (67,970) (1,702,161) - (2,601,910) (697) (54,343)

Custody fees (2,209) (11,175) (61,670) (26,822) (3,708) (1,833)

Other expenses - - - - - -

(70,179) (1,713,336) (61,670) (2,628,732) (4,405) (56,176)

Net income/(loss) 428,572 2,999,430 189,713 1,637,590 590,324 (56,176)

Net gains/(losses) on investments

Realised gains/(losses) from investments sold (88,251) (19,167,172) 3,623,488 (505,641) (630,229) (57,202)

Unrealised appreciation/(depreciation) in value of investments

22,630 (30,884,230) (19,334,330) 1,917,449 (1,582,959) (2,753,459)

Net gains/(losses) on foreign exchange 372,902 (124,845) - 1,806,958 - 2,674

Net gains/(losses) in fair value on derivatives (370,886) (59,159) - 3,406,762 - (741)

(63,605) (50,235,406) (15,710,842) 6,625,528 (2,213,188) (2,808,728)

Less: Income Tax - (288,432) - (518,596) - -

Less: Distribution - - - - (594,374) -

Value of Fund atend of the period 45,099,984 222,240,159 589,987,768 403,193,739 38,623,107 17,234,992

Capit

al Ac

coun

t

CAPITAL ACCOUNT (Unaudited) for the period ended 30 June 2020

103

GreatLink Global Equity

Fund

GreatLink Global

Optimum Fund

GreatLink Global

Technology Fund

GreatLink Global

Thematic Fund

GreatLink Global Bond

Fund

GreatLink Global

Perspective Fund

S$ S$ S$ S$ S$ S$


Amount paid to the Fund for creation of units 1,280,990 196,709 42,290,908 1,631,749 42,987,902 6,768,865

Amount paid by the Fund for redemption of units (1,786,076) (853,253) (9,124,932) (1,119,427) (29,284,771) (3,938,871)

Net cash into/(out of) the Fund (505,086) (656,544) 33,165,976 512,322 13,703,131 2,829,994

Investment Income

Interest - 213,405 1,177 - 2,720,448 6

Dividends 544,708 - 392,817 - - -

Other income 35,625 76 - - 25,491 -

580,333 213,481 393,994 - 2,745,939 6

Fund Expenses

Management fees (525,013) (160,464) (1,383,417) (110,160) (1,540,736) (412,205)

Custody fees (3,448) (1,486) (8,839) (2,686) (18,705) (12,567)

Other expenses (382) - - - - -

(528,843) (161,950) (1,392,256) (112,846) (1,559,441) (424,772)

Net income/(loss) 51,490 51,531 (998,262) (112,846) 1,186,498 (424,766)


Realised gains/(losses) from investments sold (3,834,595) 705,565 8,418,923 459,194 1,653,290 459,574


1,995,472 124,009 25,800,232 2,055,200 2,039,487 5,686,060

Net gains/(losses) on foreign exchange 45,113 486,297 12,257 - 11,227,857 18,447

Net gains/(losses) in fair value on derivatives 10,849 11,670 (81,994) - 3,274,126 (31,873)

(1,783,161) 1,327,541 34,149,418 2,514,394 18,194,760 6,132,208

Less: Income Tax (141,856) - (93,714) - - -

Less: Distribution - - - - - -


Capit

al Ac

coun


104

GreatLink Far East ex Japan Equities Fund

GreatLink Singapore

Equities Fund


GreatLink Short Duration Bond

Fund

GreatLink Global

Real Estate Securities Fund

GreatLink Lion Japan Growth

Fund

S$ S$ S$ S$ S$ S$



Amount paid by the Fund for redemption of units (2,469,138) (3,196,193) (4,242,904) (36,604,852) (29,020,864) (16,397,585)

Net cash into/(out of) the Fund (805,318) 39,127,523 3,078,430 (7,458,717) 34,240,188 (14,248,635)

Investment Income

Interest 9,070 - 7 - - -

Dividends 647,135 - - 2,631,996 752,231 -

Other income 29,498 - - - 4,488,259 1,454

685,703 - 7 2,631,996 5,240,490 1,454

Fund Expenses

Management fees (455,327) (2,472) (441,208) (649) (2,662,377) -

Custody fees (3,393) (18,757) (12,900) (19,044) (17,161) (1,501)

Other expenses - - - - (4,853) -

(458,720) (21,229) (454,108) (19,693) (2,684,391) (1,501)

Net income/(loss) 226,983 (21,229) (454,101) 2,612,303 2,556,099 (47)


Realised gains/(losses) from investments sold (58,268) 309,609 1,415,810 (169,299) (9,620,946) 2,270,711


544,261 (28,699,126) 45,255 (182,247) (35,808,859) (2,802,836)

Net gains/(losses) on foreign exchange 32,036 - 17,706 - 47,374 -

Net gains/(losses) in fair value on derivatives (22,057) - (30,736) - (221,237) -

495,972 (28,389,517) 1,448,035 (351,546) (45,603,668) (532,125)

Less: Income Tax (61,658) - - - (1,211,345) -



Capit

al Ac

coun

t

CAPITAL ACCOUNT (Unaudited) for the period ended 30 June 2020

105

GreatLink China Growth

Fund


GreatLink Income Focus

Fund

GreatLink Lion Asian Balanced

Fund


GreatLink Global

Emerging Markets

Equity Fund

S$ S$ S$ S$ S$ S$



Amount paid by the Fund for redemption of units (8,586,104) (2,756,517) (10,150,618) (3,078,413) (1,182,810) (4,901,120)

Net cash into/(out of) the Fund 6,889,434 (796,033) (141,442) 1,638,923 362,877 3,818,216

Investment Income

Interest 2 - - - - -

Dividends - - 1,012,218 - - -

Other income 94,660 - 4,219 - - -

94,662 - 1,016,437 - - -

Fund Expenses

Management fees - (75,228) - (47,101) (17) (785)

Custody fees (20,981) (6,582) (4,490) (6,272) (1,084) (13,669)

Other expenses (140) - - - - -

(21,121) (81,810) (4,490) (53,373) (1,101) (14,454)

Net income/(loss) 73,541 (81,810) 1,011,947 (53,373) (1,101) (14,454)


Realised gains/(losses) from investments sold 1,996,305 86,521 (1,262,142) 1,345,202 179,632 1,063,299


18,303,912 (10,955,829) (3,337,181) (333,214) (1,246,974) (10,241,146)

Net gains/(losses) on foreign exchange 138 - - - - -

Net gains/(losses) in fair value on derivatives - - - - - -

20,300,355 (10,869,308) (4,599,323) 1,011,988 (1,067,342) (9,177,847)

Less: Income Tax - - - - - -

Less: Distribution - - (960,440) - - -


Capit

al Ac

coun


106

GreatLink Diversified

Growth Portfolio

GreatLink Lifestyle Secure

Portfolio

GreatLink Lifestyle Steady

Portfolio


GreatLink Lifestyle

Progressive Portfolio


S$ S$ S$ S$ S$ S$



Amount paid by the Fund for redemption of units (369,199) (18,397,679) (3,843,684) (17,855,837) (3,391,337) (2,914,880)

Net cash into/(out of) the Fund 1,338,541 9,902,744 1,744,800 13,851,710 (815,336) (313,071)

Investment Income

Interest - 461,300 140,267 1,215,612 147,280 1

Dividends - 310,094 56,342 347,231 - -

Other income - 8,757 4,519 40,780 9,718 3,613

- 780,151 201,128 1,603,623 156,998 3,614

Fund Expenses

Management fees (3,789) (300,163) (107,331) (1,205,692) (231,798) (64,531)

Custody fees (332) (7,662) (2,990) (40,574) (9,525) (3,701)

Other expenses - - - - - -

(4,121) (307,825) (110,321) (1,246,266) (241,323) (68,232)

Net income/(loss) (4,121) 472,326 90,807 357,357 (84,325) (64,618)


Realised gains/(losses) from investments sold (12,961) 409,973 188,865 2,823,367 697,649 264,510


7,294 339,161 166,668 (2,643,595) (1,394,204) (645,386)

Net gains/(losses) on foreign exchange - 1,905,525 580,091 5,038,947 614,121 2,728

Net gains/(losses) in fair value on derivatives - 552,338 166,769 1,425,091 166,386 (4,725)

(5,667) 3,206,997 1,102,393 6,643,810 83,952 (382,873)

Less: Income Tax - - - - - -


Value of fund at end of the period 3,753,347 104,836,586 38,531,775 478,930,479 103,428,804 36,264,168

Asse

ts an

d Liab

ilities

STATEMENT OF ASSETS AND LIABILITIES (Unaudited) as at 30 June 2020

107

GreatLink Cash Fund

GreatLink ASEAN Growth

Fund

GreatLink Asia Pacific Equity

Fund

GreatLink Global

Supreme Fund


GreatLink European

Equity Fund

S$ S$ S$ S$ S$ S$

INVESTMENT PORTFOLIO

Equities - 211,266,432 - 196,825,318 - -

Fixed Income Securities 35,673,141 - - 175,420,130 - -

Investments in funds - - 589,308,892 - 38,289,613 17,200,410

Value of Investments 35,673,141 211,266,432 589,308,892 372,245,448 38,289,613 17,200,410

CURRENT ASSETS

Fixed deposits 5,925,055 - - 1,565,247 - -

Cash at bank 2,048,469 11,703,790 59,050 8,594,693 3,753 36,793

Short term instruments 1,199,364 - - 39,896,417 - -

Accrued interest 280,661 - - 892,192 - -

Dividend receivable - 416,276 - 214,585 299,800 -

Due from brokers - 2,631,888 1,160,056 24,575,274 370,561 92,888

Financial derivatives at fair value 150,152 46 - 1,290,058 - -

Embedded derivatives at fair value - 39,059 - - - -

Other assets - - 89,911 - - -

Total Assets 45,276,842 226,057,491 590,617,909 449,273,914 38,963,727 17,330,091

CURRENT LIABILITIES

Due to brokers 86,278 3,037,810 630,141 43,850,936 338,292 68,930

Financial derivativesat fair value 37,328 1,121 - 835,132 - 202

Other liabilities 53,252 778,401 - 1,394,107 2,328 25,967


Units in issue 33,696,977 83,242,346 229,326,245 210,623,231 43,420,178 18,047,576

Net Asset Valueper Unit 1.338 2.669 2.572 1.914 0.889 0.954

Asse

ts an

d Liab

ilities


108

GreatLink Global Equity

Fund

GreatLink Global

Optimum Fund

GreatLink Global

Technology Fund

GreatLink Global

Thematic Fund

GreatLink Global Bond

Fund

GreatLink Global

Perspective Fund

S$ S$ S$ S$ S$ S$


Equities 65,197,395 - 218,660,148 - - -

Fixed Income Securities - 18,086,992 - - 352,704,741 -

Investments in funds - 11,925,771 - 27,103,023 - 126,409,436


CURRENT ASSETS

Fixed deposits - - - - 1,854,022 -

Cash at bank 1,474,301 546,962 3,523,223 95,079 4,001,162 230,732

Short term instruments - - - - 41,264,381 -

Accrued interest - 120,638 - - 1,540,439 -

Dividend receivable 25,645 - 1,407 - - -

Due from brokers 40,977 11,742 720,042 62,960 48,506,308 505,645

Financial derivatives at fair value 19,560 8,536 - - 4,135,400 91

Embedded derivatives at fair value - - - - - -

Other assets - - - - - -

Total Assets 66,757,878 30,700,641 222,904,820 27,261,062 454,006,453 127,145,904

CURRENT LIABILITIES

Due to brokers - - 1,829,352 27,490 81,256,568 314,642

Financial derivativesat fair value - 3,346 - - 2,340,426 -

Other liabilities 246,913 96,903 731,289 56,164 766,101 209,842


Units in issue 54,100,622 21,716,903 121,645,550 14,624,415 204,530,052 90,849,538


Asse

ts an

d Liab

ilities


109

GreatLink Far East ex Japan Equities Fund

GreatLink Singapore

Equities Fund


GreatLink Short Duration

Bond Fund

GreatLink Global

Real Estate Securities

Fund

GreatLink Lion Japan Growth

Fund

S$ S$ S$ S$ S$ S$


Equities 56,630,467 - - - 329,872,770 -

Fixed Income Securities - - - - - -

Investments in funds - 183,903,493 126,285,318 171,920,870 - 12,500,352


CURRENT ASSETS

Fixed deposits - - - - - -

Cash at bank 5,503,917 20,708 390,396 16,443 7,944,467 1,768

Short term instruments - - - - - -

Accrued interest - - - - - -

Dividend receivable 213,527 - - - 1,040,110 -

Due from brokers 611,929 1,000,695 562,034 298,663 3,634,313 46,275

Financial derivatives at fair value - - 106 - 87 -


Other assets - - - - - -

Total Assets 62,959,840 184,924,896 127,237,854 172,235,976 342,491,747 12,548,395

CURRENT LIABILITIES

Due to brokers 150,038 647,000 368,951 513,419 1,395,739 44,921

Financial derivativesat fair value 762 - - - - -

Other liabilities 219,279 10,443 224,653 9,522 1,232,271 346


Units in issue 22,449,746 94,692,701 98,593,415 114,668,626 417,766,576 12,534,672


Asse

ts an

d Liab

ilities


110

GreatLink China Growth

Fund


GreatLink Income Focus

Fund

GreatLink Lion Asian Balanced

Fund


GreatLink Global

Emerging Markets

Equity Fund

S$ S$ S$ S$ S$ S$


Equities - - - - - -

Fixed Income Securities - - - - - -

Investments in funds 218,602,478 58,725,921 38,932,546 61,302,342 10,240,252 132,645,169


CURRENT ASSETS

Fixed deposits - - - - - -

Cash at bank 295,453 82,292 5,370 36,562 1,294 10,280

Short term instruments - - - - - -

Accrued interest - - - - - -

Dividend receivable - - - - - -

Due from brokers 739,017 153,531 127,797 245,777 28,128 637,301

Financial derivatives at fair value - - - - - -


Other assets 36,602 - - - - -

Total Assets 219,673,550 58,961,744 39,065,713 61,584,681 10,269,674 133,292,750

CURRENT LIABILITIES

Due to brokers 631,397 129,830 140,573 268,052 14,772 394,186

Financial derivativesat fair value - - - - - -

Other liabilities - 36,604 129 24,009 575 7,106


Units in issue 116,237,463 56,267,652 51,786,623 50,972,252 13,386,942 94,694,957


Asse

ts an

d Liab

ilities


111

GreatLink Diversified

Growth Portfolio

GreatLink Lifestyle Secure

Portfolio

GreatLink Lifestyle Steady

Portfolio


GreatLink Lifestyle

Progressive Portfolio


S$ S$ S$ S$ S$ S$


Equities - - - - - -

Fixed Income Securities - 59,807,301 18,185,510 157,602,446 19,094,509 -

Investments in funds 3,677,087 42,143,533 19,450,082 313,234,462 83,258,295 36,195,017


CURRENT ASSETS

Fixed deposits - 314,382 95,594 828,450 100,372 -

Cash at bank 2,184 709,758 227,662 2,177,995 328,502 48,669

Short term instruments - 6,997,103 2,127,598 18,438,560 2,233,945 -

Accrued interest - 261,209 79,425 688,329 83,395 -

Dividend receivable - - - - - -

Due from brokers 114,247 8,329,332 2,557,047 22,825,715 2,945,368 138,919

Financial derivatives at fair value - 701,239 213,228 1,847,980 223,914 15


Other assets - 1,586 1,146 10,512 2,982 1,292

Total Assets 3,793,518 119,265,443 42,937,292 517,654,449 108,271,282 36,383,912

CURRENT LIABILITIES

Due to brokers 38,039 13,881,200 4,230,948 37,067,832 4,597,750 86,452

Financial derivativesat fair value - 396,860 120,673 1,045,795 126,705 -

Other liabilities 2,132 150,797 53,896 610,343 118,023 33,292


Units in issue 3,747,807 3,747,807 56,108,623 21,464,289 257,251,935 55,377,465


NOTES TO THE ACCOUNTSNo

tes to

the A

ccou

nts

112

1 GENERALThe GreatLink Funds comprise:

Direct FundsGreatLink Cash Fund GreatLink ASEAN Growth Fund GreatLink Global Supreme Fund GreatLink Global Equity Fund GreatLink Global Optimum Fund GreatLink Global Technology Fund GreatLink Global Bond Fund GreatLink Far East Ex Japan Equities Fund GreatLink Global Real Estate Securities Fund

Feeder FundsGreatLink Asia Pacific Equity FundGreatLink Asia High Dividend Equity FundGreatLink European Equity FundGreatLink Global Thematic FundGreatLink Global Perspective Fund (Previously known as GreatLink Global Opportunities Fund)GreatLink Singapore Equities FundGreatLink Global Equity Alpha Fund GreatLink Short Duration Bond FundGreatLink Lion Japan Growth Fund GreatLink Lion India Fund GreatLink Income Focus FundGreatLink Lion Asian Balanced FundGreatLink Lion Vietnam FundGreatLink China Growth FundGreatLink Global Emerging Markets Equity Fund

Fund of Funds (Lifestyle Portfolios) ^GreatLink Lifestyle Secure Portfolio GreatLink Lifestyle Steady Portfolio GreatLink Lifestyle Balanced Portfolio GreatLink Lifestyle Progressive Portfolio GreatLink Lifestyle Dynamic Portfolio

^ The Lifestyle Portfolios invest in existing GreatLink Funds, namely GreatLink Global Bond Fund, GreatLink Global Perspective Fund, GreatLink Global Equity Alpha Fund, GreatLink Asia Pacific Equity Fund, GreatLink Short Duration Bond Fund and GreatLink Global Emerging Markets Equity Fund.

2 SIGNIFICANT ACCOUNTING POLICIESa. Basis of accounting The financial statements are expressed in Singapore dollars, and are prepared in accordance with the historical cost convention,

except for investments and derivatives which are carried at fair value.

b. Recognition of income and expenses Dividend income is recognised when the shareholders' right to receive payment is established. Interest income is recognised

using the effective interest method.

Expenses are recognised on an accrual basis.

c. Investments All purchases of investments are recognised on their trade dates, i.e., the date the commitment exists to purchase the

investments. The investments are initially recorded at fair value (or cost representing fair value on trade date) which would include transaction costs directly attributable to the acquisition of the investments. After initial recognition, the unrealised gains or losses on remeasurement to fair value are taken to the capital account. Fair value is determined by using open market valuation at the year-end date. The closing price has been adopted for all investments except for quoted equity investments. For equity investments traded on exchanges, fair value is derived from the last traded price on the respective exchange.

NOTES TO THE ACCOUNTS

Notes

to th

e Acc

ounts

113

Certain investments have been valued using valuation techniques based on assumptions that are supported by prices from observable current market transactions. The valuation of these investments have either been provided by brokers or counterparties or valued using internal models.

d. Realised gains/losses from sale of investments All sales of investments are recognised on their trade dates i.e., the date the fund commits to sell the investments.

Realised gains/losses from sale of investments are taken to the Capital Account.

e. Foreign currency transactions Foreign currency transactions are translated into Singapore dollars at exchange rates prevailing at the transaction dates and

foreign currency monetary assets and liabilities are translated at the approximate rates ruling at year end. Differences on exchange are included in the Capital Account.

f. Derivative financial instruments All derivatives including embedded derivatives are carried at fair value. All fair value changes on derivatives are taken to the

Capital Account. The closing price has been adopted for the valuation of derivatives.

3 DERIVATIVES The GreatLink Funds enter into derivative contracts for the purposes of hedging foreign currency and interest risk exposures,

and efficient portfolio management. The derivative contracts traded include foreign exchange forward contracts , foreign exchange spot contracts, futures and rights.

Notional Amount

Fair ValueAsset

Fair Value(Liability)

S$ S$ S$Foreign exchange forward contractsGreatLink Cash Fund 12,251,063 150,152 (37,328)GreatLink Global Supreme Fund 92,048,356 833,784 (758,355)GreatLink Global Equity Fund - - - GreatLink Global Optimum Fund 1,001,164 8,536 (3,346)GreatLink Global Bond Fund 585,740,737 3,494,586 (2,118,412)GreatLink Global Real Estate Securities Fund - - -

Futures purchasedGreatLink Global Supreme Fund 76,326,817 382,405 (71,693)GreatLink Global Equity Fund 669,913 18,246 - GreatLink Global Bond Fund 215,654,070 477,985 (212,113)

Foreign exchange spot contractsGreatLink ASEAN Growth Fund 799,408 46 (1,121)GreatLink Global Supreme Fund 13,794,411 66,769 (5,084)GreatLink Global Equity Fund - - - GreatLink Global Bond Fund 139,117,272 162,829 (9,901)GreatLink Far East Ex Japan Equities Fund 540,273 - (762)GreatLink Global Real Estate Securities Fund 15,399 87 -

Rights purchasedGreatLink Global Supreme Fund 40,549 7,100 - GreatLink Global Equity Fund 946 1,314 -

4 MANAGEMENT FEES Management fees are payable to The Great Eastern Life Assurance Company Limited and its related company, Lion Global

Investors Limited.

5 DISTRIBUTION TO POLICY HOLDERS GreatLink Asia High Dividend Equity Fund and GreatLink Income Focus Fund have made distributions of $594,374 and

$960,440 respectively to policyholders during the financial period.

No other sub-fund made any distribution to policyholders for the period ended 30 June 2020.

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(Annualised)5 years




(Annualised)

NON-EQUITY

GreatLink Cash Fund To generate a return comparable to S$ time deposits. Lower Risk / Broadly Diversified

26-Apr-96 $45.10 mil 0.30% p.a. 1-month SIBOR less 0.25% 0.53 0.83 1.67 1.36 1.22 0.86 40.84 1.43 Lion Global Investors Ltd -


To provide total return of capital growth and income over the medium to long term, through an actively managed portfolio of Singapore and international bonds, high quality interest rate securities, real estate investment trusts (“REITs”), business trusts and other related securities.

Low to Medium Risk / Narrowly Focused

25-Mar-02 $171.71 mil 0.50% p.a. 12-month SIBOR less 0.25% 2.46 1.29 3.10 2.55 2.63 2.43 57.58 2.52 Lion Global Investors Ltd -


To achieve excess return relative to the index while minimising volatility of return relative to the index.

Low to Medium Risk / Broadly Diversified

15-Jan-02 $369.64 mil 0.85% p.a. Barclays Global Aggregate Bond Index 50% Hedged into SGD

2.15 5.73 6.42 3.94 4.17 3.10 90.21 3.55 Lion Global Investors Ltd PIMCO

ASIAN EQUITY


To provide long term capital growth by investing primarily in equities or equity-linked securities (including, but not limited to, preference shares, real estate investment trusts, depository receipts) of companies in the Asia Pacific (ex Japan) region that offer attractive dividend yields and sustainable dividend payments.


10-Jul-00 $38.62 mil 1.50% p.a. MSCI AC Asia Pacific ex Japan Index



To achieve medium to long-term capital growth from a diversified portfolio of Asian-Pacific equities excluding Japanese equities.


26-Apr-96 $589.99 mil 1.50% p.a. MSCI AC Asia Pacific ex Japan Index (Gross)

16.27 -2.69 1.82 3.00 3.93 2.53 170.74 4.21 Aberdeen Standard Investments (Asia) Limited

-


To maximise capital growth through investing primarily in equities of companies based in China, Hong Kong, Indonesia, South Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand, and also in other Asia Pacific regions except Japan.


25-Mar-02 $62.59 mil 1.50% p.a. MSCI AC Far East Ex Japan Index with Net Dividends Reinvested



To achieve long-term capital appreciation by investing in equities in the economies of the ASEAN region.


26-Apr-96 $222.24 mil 1.50% p.a. MSCI AC ASEAN Index with Net Dividends Reinvested

17.16 -17.88 -19.63 -4.66 -1.26 1.93 180.95 4.37 Lion Global Investors Ltd -


To provide long-term capital growth of assets by investing primarily in quoted or listed securities in any Recognised Stock Exchange or OTC market in Japan.


9-Jan-07 $12.50 mil 1.50% p.a. TOPIX Total Return Index, in SGD-Hedged terms



To provide capital growth by investing in equities of People's Republic of China, Hong Kong SAR and Taiwan companies.


9-Jan-07 $219.04 mil 1.50% p.a. MSCI Golden Dragon Index with Net Dividends Reinvested

21.24 10.24 23.30 11.48 7.92 7.25 98.32 5.21 Schroder Investment Management (Hong Kong) Ltd

-


To achieve medium to long-term capital appreciation by investing in Indian equities and equity related instruments.


9-Jan-07 $58.80 mil 1.50% p.a. MSCI India with Net Dividends Reinvested, in SGD terms

16.65 -15.87 -19.01 -4.64 -1.55 -0.51 9.89 0.70 Lion Global Investors Ltd -


To achieve medium to long-term capital growth from a portfolio of Singapore equities.


25-Mar-02 $184.27 mil 1.50% p.a. Straits Times Index 10.45 -15.73 -15.95 -3.69 -0.68 0.89 104.74 4.00 Aberdeen Standard Investments (Asia) Limited

-


To achieve medium to long-term capital appreciation by investing in equity and equity-linked instruments of companies with assets in Vietnam or companies outside Vietnam but with earnings derived from Vietnam and the Indo-China Region (which includes, but is not limited to Cambodia and Laos).


1-Feb-08 $10.25 mil 1.50% p.a. FTSE Vietnam Index 27.71 -10.00 -11.25 4.89 6.44 3.28 -19.47 -1.73 Lion Global Investors Ltd -



Annual Report and Audited Financial StatementsFor the year ended 31 December 2018

The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)

1 Pickering Street #01-01 Great Eastern Centre Singapore 048659

MCI

(P) 0

58/0

1/20

20

Semi Annual Report and Unaudited Financial Statementsfor the period 1 January 2020 - 30 June 2020

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