Y20859 310404 GE GreatLink ins.indd - Great Eastern Life

SOFT DOLLAR COMMISSIONS report as at 30 June 2013Funds managed by Lion Global Investors LtdThe soft dollar commissions from various brokers for the period were utilised on research and advisoryservices, economic and political analyses, portfolio analyses, market analyses, data and quotationanalyses and computer hardware and software used for and in support of the investment process offund managers. Goods and services received were for the benefi t of the scheme and there was nochurning of trades.These brokers also execute trades for other funds managed by the managers.Thetrades are conducted on best available terms and in accordance with best practices.Fund managed by AllianceBernstein (Singapore) Ltd**During the period ended June 30, 2013, the Investment Manager received and entered into soft-dollarcommissions/ arrangements with brokers relating to Portfolios of the Fund that invest in equity securities,in respect of which certain goods and services used to support the investment decision making processwere received. The soft commission arrangements were entered into on the basis that the execution oftransactions on behalf of the Fund will be consistent with best execution standards and brokerage rates willnot be in excess of customary institutional full-service brokerage rates. The goods and services receivedinclude specialist industry, company and consumer research, portfolio and market analysis and computersoftware used for the delivery of such services. The nature of the goods and services received is such that thebenefits provided under the arrangement must be those which assist in the provision of investment servicesto the Fund and may contribute to an improvement in the Fund’s performance. For the avoidance of doubt,such goods and services do not include travel, accommodations, entertainment, general administrativegoods or services, general office equipment or premises, membership fees, employees’ salaries or directmoney payments.** AllianceBernstein (Singapore) Ltd has confi rmed that their Investment Professionals are strictly prohibitedfrom 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 CommissionsFund managed by Deutsche Asset Management (Asia) LtdSoft dollar commissions are benefi ts accorded to Manager by their brokers, usually in the form ofresearch, advisory, analysis and data services, computer hardware or software used for and/or insupport of the investment process.The Manager’s policy on soft dollar commissions is as follows:- the goods and services received would assist in the provision of investment services and advicesor related services to the unit trust;- transactions are executed on the best available terms; and- the Manager does not engage in unnecessary trades in order to qualify for soft dollarcommissions.Soft dollar commissions were received from the Manager’s panel of soft dollar brokers whichexecuted transactions for the unit trust and other funds managed by the Managers.110