Funds GreatLink - Great Eastern Life

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GREATLINK LIFESTYLE PORTFOLIOS report as at 31 December 2005 FUNDS FACTS Inception Date 25 March 2002 Fund Manager Lion Capital Management (wef 26 Sep 2005) Currency of Fund Singapore Dollar Valuation Frequency Daily Bid-Offer Spread 5% Fund Management Fee Dynamic 1.3875% p.a. Progressive 1.2575% p.a. Balanced 1.1475% p.a. Steady 1.0375% p.a. Secure 0.8725% p.a. These are weighted average fund management charges which could be used as indicative fund management charges for the Lifestyle Funds. INVESTMENT OBJECTIVE 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. 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 (or in one or more different mutual fund(s) and unit trust(s) reflecting an underlying investment in such 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). GreatLink Lifestyle Portfolios (Asset Allocation) GreatLink Constituent Funds Secure Steady Balanced Progressive Dynamic GreatLink Stable Bond Fund 20% 10% 5% 0% 0% GreatLink Global Bond Fund 60% 50% 35% 20% 0% GreatLink Global Intersection Fund 5% 15% 20% 25% 35% GreatLink Global Value Equity Fund 5% 15% 20% 25% 35% GreatLink Far East ex Japan Equities Fund 5% 5% 10% 15% 15% GreatLink Singapore Equities Fund 5% 5% 10% 15% 15% NOTE: This factsheet is compiled by Great Eastern Life. The information presented is for informational use only. The performance of the Fund is not guaranteed and the value may increase or decrease in accordance with the future experience of the Fund. Past returns are not necessarily a guide to future performance. 8
GREATLINK LIFESTYLE PORTFOLIOS report as at 31 December 2005 DYNAMIC PORTFOLIO WEIGHTINGS FUND FACTS Offer Price S$ 1.205 Bid Price S$ 1.145 Fund Size S$ 9.96 mil CPF Approved CPFIS – OA Risk Category Higher Risk / Broadly Diversified Mercer Fund Rating as at 31 Dec 2005 ★★★★ S&P Fund Stars as at 31 Dec 2005 ★★★★ Global Equities (Value) 34% Singapore Equities 16% FUND PERFORMANCE SINCE INCEPTION Price Indexed 137.5 130.0 122.5 115.0 107.5 100.0 92.5 85.0 77.5 70.0 62.5 55.0 Global Equities (Growth) 34% Far East ex Japan Equities 16% Performance Review (Mar 2002 to Dec 2005) 03 04 05 37.5 +29.06 30.0 22.5 15.0 7.5 +20.53 0.0 -7.5 -15.0 -22.5 -30.0 -37.5 -45.0 ––––– Greatlink Lifestyle Dynamic Portfolio ––––– Benchmark Index Benchmark: Composite of underlying funds’ benchmarks. Off-bid actual prices. Curr-chg uses bid-bid adjusted for current spread. The values of your units may go down as well as up. Past performance is not necessarily a guide to the future. Source: S&P For Top 10 Investments refer to page 85. Percent Change MANAGER COMMENTARY Market Review – The global bonds market did not turn in a good performance this year following a series of interest rate hikes from the Federal Reserve, bringing the Fed Fund rate from 2.25% in Jan 2005 to 4.25% in Dec 2005. However, despite the higher interest rates and the higher energy prices, the US economy continued to remain firm, as evident by the strong GDP growth and the improvement in consumer and business spending. Both Euroland and Japan have also seen signs of economic recovery on the back of improving corporate profits and business confidence. Global equity markets performed well in 2005 on a better than expected GDP of 3.5% for 2005 and as initial fears over a higher inflationary environment were dispelled. The general improvement in macroeconomic activities in Europe and the Japanese economy also helped fuelled the rise in the equity markets. For the full year 2005, all the lifestyle portfolios underperformed their benchmarks, which are largely attributed to the equity performance. Market Outlook – Global economic growth is expected to remain firm in the near-term but with a bias towards a slowdown by end of 2006. Although US monetary policy is expected to reach a peak soon, consumer spending is expected to moderate on the back of higher interest rates and the fall in house prices. Economic growth in Euroland is expected to be on track while Japan is likely to move away from its zero interest rate policy. The healthy financial conditions and recovery in capital spending and consumer confidence could also possibly lead Japan out of deflation. Global equities is expected to remain buoyant on expectations that the Federal Reserve may be near the end of the monetary tightening cycle after eight 0.25% hikes in the Fed Funds rate. The improving economic environment in Europe and Japan are also expected to lend support to the markets. Notwithstanding this, there still exists the risks that the monetary policy could be further tightened and oil prices could rise further, which could raise the possibility of a slower economic growth and inflation fears. In addition, the possibility of an Avian flu pandemic could also disrupt the performance of the equity markets. PERFORMANCE ON BID-BID BASIS (%) 3mths 6 mths 1 year 3 years 3 years Since Inception Since Inception (annualised) (annualised) Greatlink Lifestyle Dynamic Portfolio 2.23 8.94 12.48 59.47 16.84 20.53 5.08 Benchmark Index 2.15 9.33 14.39 70.62 19.51 29.06 7.01 NOTE: This factsheet is compiled by Great Eastern Life. The information presented is for informational use only. The performance of the Fund is not guaranteed and the value may increase or decrease in accordance with the future experience of the Fund. Past returns are not necessarily a guide to future performance. 9
Page 1 and 2: MICA (P) 100/02/2006 Statement and
Page 3 and 4: CEO’S MESSAGE GreatLink Funds yie
Page 5 and 6: ANNOUNCEMENTS New CPF Admission Cri
Page 7 and 8: LEAD STORIES High Potential Investm
Page 9: LEAD STORIES On a quantitative basi
Page 13 and 14: GREATLINK LIFESTYLE PORTFOLIOS repo
Page 15 and 16: GREATLINK LIFESTYLE PORTFOLIOS repo
Page 17 and 18: GREATLINK GLOBAL SUPREME FUND repor
Page 19 and 20: GREATLINK GLOBAL OPTIMUM FUND repor
Page 21 and 22: GREATLINK GLOBAL EQUITY FUND report
Page 23 and 24: GREATLINK GLOBAL VALUE EQUITY FUND
Page 25 and 26: GREATLINK GLOBAL GROWTH TRENDS PORT
Page 27 and 28: GREATLINK GLOBAL REAL ESTATE SECURI
Page 29 and 30: GREATLINK EUROPEAN EQUITY FUND repo
Page 31 and 32: GREATLINK ENHANCER FUND report as a
Page 33 and 34: GREATLINK ASEAN GROWTH FUND report
Page 35 and 36: GREATLINK SINGAPORE EQUITIES FUND r
Page 37 and 38: GREATLINK CASH FUND report as at 31
Page 39 and 40: GREATLINK GLOBAL BOND FUND report a
Page 41 and 42: GREATLINK CHOICE (SEP 2010) & (OCT
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Page 45 and 46: PORTFOLIO STATEMENT as at 31 Decemb
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PORTFOLIO STATEMENT as at 31 Decemb
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SOFT DOLLAR COMMISSIONS as at 31 De
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TOP 10 INVESTMENTS as at 31 Decembe
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CAPITAL ACCOUNT for the period 01 J
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STATEMENT OF ASSETS AND LIABILITIES
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NOTES TO THE ACCOUNTS 2. Significan
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NOTES TO THE ACCOUNTS Fair Value As
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GREATLINK FUND SUMMARY Fund Name In
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Funds GreatLink - Great Eastern Life

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