EASTSPRING INVESTMENTS SOCIÉTÉ D’INVESTISSEMENT À CAPITAL VARIABLE LUXEMBOURG

UNAUDITED SEMI-ANNUAL REPORT AS AT JUNE 30, 2017

26, boulevard Royal L-2449 Luxembourg Grand Duchy of Luxembourg R.C.S Luxembourg B 81.110

No subscription can be received on the basis of this report. Subscriptions can be accepted only on the basis of the current Prospectus of the SICAV.

EASTSPRING INVESTMENTS

TABLE OF CONTENTS

Directory, Administration and Management 2 General Information 4 Combined Statement of Net Assets 5 Combined Statement of Operations and Changes in Net Assets 16 Statement of Changes in Shares Outstanding 27 Statistics 36 Statement of Investments Eastspring Investments – Asia Pacific Equity Fund(*) (“Asia Pacific Equity Fund”) 47 Eastspring Investments – Asian Bond Fund (“Asian Bond Fund”) 49 Eastspring Investments – Asian Dynamic Fund(*) (“Asian Dynamic Fund”) 62 Eastspring Investments – Asian Equity Fund (“Asian Equity Fund”) 64 Eastspring Investments – Asian Equity Income Fund (“Asian Equity Income Fund”) 67 Eastspring Investments – Asian High Yield Bond Fund (“Asian High Yield Bond Fund”) 69 Eastspring Investments – Asian Infrastructure Equity Fund(*) (“Asian Infrastructure Equity Fund”) 74 Eastspring Investments – Asian Local Bond Fund (“Asian Local Bond Fund”) 76 Eastspring Investments – Asian Low Volatility Equity Fund(*) (“Asian Low Volatility Equity Fund”) 83 Eastspring Investments – Asian Property Securities Fund(1) (“Asian Property Securities Fund”) 86 Eastspring Investments – China Equity Fund (“China Equity Fund”) 88 Eastspring Investments – Developed and Emerging Asia Equity Fund(*) (“Developed and Emerging Asia Equity Fund”) 90 Eastspring Investments – Dragon Peacock Fund (“Dragon Peacock Fund”) 93 Eastspring Investments – Emerging Europe, Middle East and Africa Dynamic Fund(*) (“Emerging Europe, Middle East and Africa Dynamic Fund”) 95 Eastspring Investments – European Investment Grade Bond Fund (“European Investment Grade Bond Fund”) 97 Eastspring Investments – Global Bond Navigator Fund(*) (“Global Bond Navigator Fund”) 105 Eastspring Investments – Global Emerging Markets Bond Fund(*) (“Global Emerging Markets Bond Fund”) 106 Eastspring Investments – Global Emerging Markets Customized Equity Fund(*) (“Global Emerging Markets Customized Equity Fund”) 118 Eastspring Investments – Global Emerging Markets Dynamic Fund (“Global Emerging Markets Dynamic Fund”) 121 Eastspring Investments – Global Equity Navigator Fund(*) (“Global Equity Navigator Fund”) 123 Eastspring Investments – Global Low Volatility Equity Fund(*) (“Global Low Volatility Equity Fund”) 124 Eastspring Investments – Global Market Navigator Fund (“Global Market Navigator Fund”) 132 Eastspring Investments – Global Multi Asset Income Plus Growth Fund(*) (“Global Multi Asset Income Plus Growth Fund”) 146 Eastspring Investments – Global Technology Fund(*) (“Global Technology Fund”) 160 Eastspring Investments – Greater China Equity Fund (“Greater China Equity Fund”) 162 Eastspring Investments – Hong Kong Equity Fund (“Hong Kong Equity Fund”) 164 Eastspring Investments – India Discovery Fund(*) (“India Discovery Fund”) 166 Eastspring Investments – India Equity Fund (“India Equity Fund”) 167 Eastspring Investments – Indonesia Equity Fund (“Indonesia Equity Fund”) 169 Eastspring Investments – Japan Dynamic Fund (“Japan Dynamic Fund”) 170 Eastspring Investments – Japan Equity Fund(*) (“Japan Equity Fund”) 171 Eastspring Investments – Japan Fundamental Value Fund(*) (“Japan Fundamental Value Fund”) 173 Eastspring Investments – Japan Smaller Companies Fund(*) (“Japan Smaller Companies Fund”) 175 Eastspring Investments – Latin American Equity Fund(*) (“Latin American Equity Fund”) 176 Eastspring Investments – Malaysia Equity Fund(*) (“Malaysia Equity Fund”) 178 Eastspring Investments – North American Value Fund (“North American Value Fund”) 179 Eastspring Investments – Pan European Fund(*) (“Pan European Fund”) 181 Eastspring Investments – Philippines Equity Fund(*) (“Philippines Equity Fund”) 183 Eastspring Investments – Thailand Equity Fund(*) (“Thailand Equity Fund”) 184 Eastspring Investments – US Bond Fund(*) (“US Bond Fund”) 186 Eastspring Investments – US Corporate Bond Fund (“US Corporate Bond Fund”) 190 Eastspring Investments – US Equity Income Fund(*) (“US Equity Income Fund”) 200 Eastspring Investments – US High Investment Grade Bond Fund (“US High Investment Grade Bond Fund”) 202 Eastspring Investments – US High Yield Bond Fund (“US High Yield Bond Fund”) 207 Eastspring Investments – US Investment Grade Bond Fund (“US Investment Grade Bond Fund”) 217 Eastspring Investments – US Strategic Income Bond Fund(*) (“US Strategic Income Bond Fund”) 225 Eastspring Investments – US Total Return Bond Fund(*) (“US Total Return Bond Fund”) 233 Eastspring Investments – Vietnam Equity Fund(*) (“Vietnam Equity Fund”) 239 Eastspring Investments – World Value Equity Fund (“World Value Equity Fund”) 240 Notes to the Financial Statements 246 Appendices 265 Annex 280

(*) Not authorized in Hong Kong and not available to Hong Kong residents. (1) This Sub-Fund is not authorized by the Hong Kong Securities and Futures Commission under the Code on REITs, but is authorized under the Code on Unit Trusts and Mutual Funds. Such authorization is not a recommendation or endorsement of the Sub-Fund nor does it guarantee the commercial merits of the Sub-Fund or its performance. It does not mean the Sub-Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. Furthermore, the dividend/payout policy of this Sub-Fund is not representative of the dividend/payout policy of the underlying REITs. 1 EASTSPRING INVESTMENTS

DIRECTORY, ADMINISTRATION AND MANAGEMENT

Board of Directors Administration and Management (continued)

Chairman Auditor of the Management Company Mr Peter Martin LLOYD KPMG Luxembourg, Société coopérative Independent Director 39, Avenue John F. Kennedy Former Chief Actuary – Prudential Corporation Asia L-1855 Luxembourg United Kingdom Grand Duchy of Luxembourg

Directors Investment Manager Mr Guy Robert STRAPP Eastspring Investments (Singapore) Limited Chief Executive Officer 10 Marina Boulevard #32-01 Eastspring Investments Marina Bay Financial Centre Tower 2 Singapore 018983 Mrs Francine KEISER Independent Director Investment Sub-Managers Grand Duchy of Luxembourg For European Investment Grade Bond Fund, Pan European Fund and World Value Equity Fund Mr Manuel HAUSER (for investments in Europe): Independent Director M&G Investment Management Limited Grand Duchy of Luxembourg Laurence Pountney Hill, London EC4R 0HH United Kingdom Administration and Management For Global Technology Fund: Registered office Henderson Global Investors Limited 26, boulevard Royal 4 Broadgate, London EC2M 2DA L-2449 Luxembourg United Kingdom Grand Duchy of Luxembourg For China Equity Fund, Greater China Equity Fund Management Company and Hong Kong Equity Fund: Eastspring Investments (Luxembourg) S.A. Eastspring Investments (Hong Kong) Limited 26, boulevard Royal 13/F, One International Financial Centre L-2449 Luxembourg 1 Harbour View Street Grand Duchy of Luxembourg Central, Hong Kong

Board of Directors of the Management Company For Global Market Navigator Fund (for investments Mr Guy Robert STRAPP in high yield bonds), Global Multi Asset Income Plus Chief Executive Officer Growth Fund (for investments in high yield bonds), Eastspring Investments North American Value Fund, US Bond Fund, US Corporate Bond Fund, US Equity Income Fund, Mrs Michele Mi-Kyung BANG US High Investment Grade Bond Fund, US High Yield Deputy Chief Executive Officer Bond Fund, US Investment Grade Bond Fund, Eastspring Investments US Strategic Income Bond Fund, US Total Return Bond Fund and World Value Equity Fund (for investments in Mr Hendrik Gerrit RUITENBERG the US): Executive Officer PPM America, Inc. Eastspring Investments (Luxembourg) S.A. 225 West Wacker Drive, Suite 1200 Chicago, Illinois 60606 Conducting Officers of the Management Company United States of America Mr Hendrik Gerrit RUITENBERG Executive Officer Eastspring Investments (Luxembourg) S.A.

Mr Christophe BÉCUE Compliance Officer Eastspring Investments (Luxembourg) S.A.

2 EASTSPRING INVESTMENTS

DIRECTORY, ADMINISTRATION AND MANAGEMENT (continued)

Administration and Management (continued)

Global Distributor Eastspring Investments (Singapore) Limited 10 Marina Boulevard #32-01 Marina Bay Financial Centre Tower 2 Singapore 018983

Depositary, Central Administration, Registrar and Transfer Agent and Listing Agent(1) The Bank of New York Mellon SA/NV 2-4, rue Eugène Ruppert L-2453 Luxembourg Grand Duchy of Luxembourg

Auditor of the SICAV KPMG Luxembourg Société coopérative 39, Avenue John F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg

Legal Advisor Clifford Chance 10, boulevard G-D Charlotte L-1011 Luxembourg Grand Duchy of Luxembourg

(1) Listing agent of the SICAV in relation to the listing of its Shares on the Luxembourg Stock Exchange

3 EASTSPRING INVESTMENTS

GENERAL INFORMATION

Current Prospectus Copies of Eastspring Investments’ (the “SICAV”) Articles of Association and Prospectus dated March 2017 and KIID may be obtained, free of charge, from the Registered Office of the SICAV. Please refer to the Prospectus dated March 2017 to have the current applicable terms and conditions. The SICAV is governed by the Luxembourg Law dated December 17, 2010, as amended (the “2010 Law”). The SICAV complies with the provisions of the Directive 2009/65/EC of the European Union Parliament and of the Council of July 13, 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS). Annual General Meeting The annual general meeting of Shareholders of the SICAV will be held at the Registered Office of the SICAV or at such other place in Luxembourg on the second Friday of April in each year at 11 a.m., or if any such day is not a business day in Luxembourg, on the next following business day in Luxembourg. Notices of all general meetings will be sent to the holders of registered Shares by post 8 days prior to the meeting at their addresses in the register of Shareholders. The notices of all general meetings of Shareholders may be published in any newspapers as the Board of Directors may decide. Report and Accounts The financial year-end of the SICAV will be the last day of December of each year. Audited annual reports will be published within 4 months after the financial year-end and unaudited semi-annual reports will be published within 2 months after the end of the relevant period. Such reports will be made available at the registered office of the SICAV during normal business hours. Publication of Prices The Net Asset Value (“NAV”) and the issue, Conversion and Redemption Prices of the Shares in any Sub-Fund will be made public and available at the website of the Management Company (www.eastspring.lu) registered office of the SICAV. Prices for the Share classes listed on the Luxembourg Stock Exchange are available on the Bourse de Luxembourg (www.bourse.lu).

At period end, the following share classes were listed on the Euro MTF market segment of the Luxembourg Stock Exchange:

Asian Bond Fund Class ADM Asian Bond Fund Class C

US High Yield Bond Fund Class ADM US High Yield Bond Fund Class C Purchases and Sales A detailed list of investments purchased and sold for any Sub-Fund during the year/period is available upon request, free of charge, from the Registered Office of the SICAV.

4 Combined Statement of Net Assets

EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Asia Pacific Asian Asian Asian Equity Bond Dynamic Equity Fund Fund Fund Fund Note USD USD USD USD

Assets Investment in securities at cost 875,762,518 3,054,679,702 68,611,542 322,809,351 Unrealised appreciation/(depreciation) 57,445,736 76,629,066 (3,236,225) 28,265,124

Investments in securities at market value 2(a) 933,208,254 3,131,308,768 65,375,317 351,074,475 Cash at bank 15,737,803 26,702,219 1,955,297 6,211,386 Cash equivalents* – 77,904,899 – 22 Amounts receivable on sale of investments 1,238,877 7,159,990 29,875 – Amounts receivable on subscriptions 10,911,787 14,176,434 – 2,446,764 Interest and dividends receivable, net 7,979,108 32,473,940 567,213 2,182,984 Unrealised appreciation on futures contracts 2(c), 10 – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – 1,126,417 – 19,329 Other assets – 269 24 14 Total assets 969,075,829 3,290,852,936 67,927,726 361,934,974

Liabilities Cash owed to bank – – – – Amounts payable on purchase of investments – 24,877,682 108,575 – Amounts payable on redemptions 20,214,351 579,201 – 336,792 Unrealised depreciation on futures contracts 2(c), 10 – – – – Market value of credit default swaps 2(d), 12 – – – – Management fees payable 3 4,356 254,051 4,305 71,852 Tax and expenses payable 263,216 559,931 32,624 120,437 Other liabilities – – – – Total liabilities 20,481,923 26,270,865 145,504 529,081

Total net asset value prior to dilution 948,593,906 3,264,582,071 67,782,222 361,405,893

Adjustment due to dilution 2(g) – – – –

Total net asset value after dilution 948,593,906 3,264,582,071 67,782,222 361,405,893

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

The accompanying notes form an integral part of these financial statements. 5 EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Asian Asian Asian Equity Asian High Infrastructure Local Income Yield Bond Equity Bond Fund Fund Fund Fund Note USD USD USD USD

Assets Investment in securities at cost 584,093,452 167,903,356 34,208,051 2,447,428,202 Unrealised appreciation/(depreciation) 43,770,123 1,381,728 1,527,751 (39,574,692)

Investments in securities at market value 2(a) 627,863,575 169,285,084 35,735,802 2,407,853,510 Cash at bank 9,785,050 2,008,248 1,014,035 12,493,368 Cash equivalents* 8,287 9,194,209 (792) 57,433,935 Amounts receivable on sale of investments 1,956,637 483,750 999,645 1,133,879 Amounts receivable on subscriptions 1,353,223 1,668,574 9,678 29,130,750 Interest and dividends receivable, net 4,275,764 2,586,434 62,630 25,458,989 Unrealised appreciation on futures contracts 2(c), 10 – – – 9,600 Unrealised appreciation on forward foreign exchange contracts 2(c), 11 1,395,933 1,026,548 – 472,941 Other assets 4,473 19 158 335 Total assets 646,642,942 186,252,866 37,821,156 2,533,987,307

Liabilities Cash owed to bank – – – – Amounts payable on purchase of investments 3,432,372 1,403,000 78,939 20,352,157 Amounts payable on redemptions 1,701,506 342,146 1,331,517 159,661 Unrealised depreciation on futures contracts 2(c), 10 – – – – Market value of credit default swaps 2(d), 12 – – – – Management fees payable 3 132,480 99,351 41,502 29,531 Tax and expenses payable 182,304 64,487 31,995 551,504 Other liabilities – – – – Total liabilities 5,448,662 1,908,984 1,483,953 21,092,853

Total net asset value prior to dilution 641,194,280 184,343,882 36,337,203 2,512,894,454

Adjustment due to dilution 2(g) – – – –

Total net asset value after dilution 641,194,280 184,343,882 36,337,203 2,512,894,454

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

6 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Asian Asian Developed Low Volatility Property China and Emerging Dragon Equity Securities Equity Asia Equity Peacock Fund Fund Fund Fund Fund Note USD USD USD USD USD

Assets Investment in securities at cost 245,835,951 7,850,805 280,049,345 2,888,920,787 107,573,664 Unrealised appreciation/(depreciation) 13,585,387 453,202 31,626,461 283,702,242 26,175,140

Investments in securities at market value 2(a) 259,421,338 8,304,007 311,675,806 3,172,623,029 133,748,804 Cash at bank 4,799,407 98,118 7,634,726 77,791,382 6,184,330 Cash equivalents* (3,645) 4 (10) – (61) Amounts receivable on sale of investments – – 1,605,381 – 265,117 Amounts receivable on subscriptions 1,631,450 3,705 814,043 32,000,000 1,040,112 Interest and dividends receivable, net 1,772,707 48,038 3,382,789 21,857,268 1,127,911 Unrealised appreciation on futures contracts 2(c), 10 – – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 70,279 – 332,983 – – Other assets 721 – 8 7,808 7 Total assets 267,692,257 8,453,872 325,445,726 3,304,279,487 142,366,220

Liabilities Cash owed to bank – – – – – Amounts payable on purchase of investments – 6,047 3,100,330 – 4,373,351 Amounts payable on redemptions 322,289 3,165 1,456,780 2,200,000 315,683 Unrealised depreciation on futures contracts 2(c), 10 – – – 137,369 – Market value of credit default swaps 2(d), 12 – – – – – Management fees payable 3 13,001 528 192,519 9,913 158,551 Tax and expenses payable 33,996 9,502 159,720 622,073 95,258 Other liabilities – – – – – Total liabilities 369,286 19,242 4,909,349 2,969,355 4,942,843

Total net asset value prior to dilution 267,322,971 8,434,630 320,536,377 3,301,310,132 137,423,377

Adjustment due to dilution 2(g) – – (928,627) – –

Total net asset value after dilution 267,322,971 8,434,630 319,607,750 3,301,310,132 137,423,377

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

The accompanying notes form an integral part of these financial statements. 7 EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Emerging Europe, European Global Middle East Investment Global Emerging and Africa Grade Bond Markets Dynamic Bond Navigator Bond Fund Fund Fund Fund Note USD EUR USD USD

Assets Investment in securities at cost 206,402,720 562,481,651 12,927,251 909,368,172 Unrealised appreciation/(depreciation) (4,978,179) 9,852,431 373,175 19,039,124

Investments in securities at market value 2(a) 201,424,541 572,334,082 13,300,426 928,407,296 Cash at bank 5,254,244 13,499,255 224,337 3,625,671 Cash equivalents* – – – 5,999,684 Amounts receivable on sale of investments – 2,367,289 – 1,496,750 Amounts receivable on subscriptions 1,410,000 – – 500,403 Interest and dividends receivable, net 1,011,149 5,533,449 467 14,144,238 Unrealised appreciation on futures contracts 2(c), 10 – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – 48,732 – 982,652 Other assets 30 86 – 130 Total assets 209,099,964 593,782,893 13,525,230 955,156,824

Liabilities Cash owed to bank 12,152 – – – Amounts payable on purchase of investments 1,983,738 2,750,069 – – Amounts payable on redemptions – 115,958 – 151,962 Unrealised depreciation on futures contracts 2(c), 10 – 241,968 – – Market value of credit default swaps 2(d), 12 – – – – Management fees payable 3 1 1,988 14,376 32,764 Tax and expenses payable 111,855 75,103 16,062 154,097 Other liabilities – – – – Total liabilities 2,107,746 3,185,086 30,438 338,823

Total net asset value prior to dilution 206,992,218 590,597,807 13,494,792 954,818,001

Adjustment due to dilution 2(g) – – – –

Total net asset value after dilution 206,992,218 590,597,807 13,494,792 954,818,001

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

8 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Global Global Global Emerging Emerging Global Low Global Markets Markets Equity Volatility Market Customized Dynamic Navigator Equity Navigator Equity Fund(1) Fund Fund Fund Fund Note USD USD USD USD USD

Assets Investment in securities at cost 2,080,664,847 434,486,945 95,146,273 107,681,223 153,969,483 Unrealised appreciation/(depreciation) 55,418,140 18,811,402 2,953,956 18,525,142 7,614,301

Investments in securities at market value 2(a) 2,136,082,987 453,298,347 98,100,229 126,206,365 161,583,784 Cash at bank 28,548,029 5,192,119 400,703 2,268,852 5,554,569 Cash equivalents* (257) (55) – – 3,371 Amounts receivable on sale of investments 4,772,928 – – 61,105 33,023 Amounts receivable on subscriptions – 67,563 – 2,470 3,869,397 Interest and dividends receivable, net 12,644,094 3,060,476 74,174 277,003 603,687 Unrealised appreciation on futures contracts 2(c), 10 – – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – – – – 5,802 Other assets 6,279 2,329 11 629 9 Total assets 2,182,054,060 461,620,779 98,575,117 128,816,424 171,653,642

Liabilities Cash owed to bank – – – 78 – Amounts payable on purchase of investments 330,072 – – – 1,100,329 Amounts payable on redemptions 900,000 16,074 – – 4,170,907 Unrealised depreciation on futures contracts 2(c), 10 – – – – – Market value of credit default swaps 2(d), 12 – – – – – Management fees payable 3 – 44,686 9 561 8,793 Tax and expenses payable 152,057 325,555 22,394 46,056 33,613 Other liabilities – – – – – Total liabilities 1,382,129 386,315 22,403 46,695 5,313,642

Total net asset value prior to dilution 2,180,671,931 461,234,464 98,552,714 128,769,729 166,340,000

Adjustment due to dilution 2(g) – – – – –

Total net asset value after dilution 2,180,671,931 461,234,464 98,552,714 128,769,729 166,340,000

(1) Sub-Fund name changed, see Note 1. * Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

The accompanying notes form an integral part of these financial statements. 9 EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Global Multi Asset Greater Income Plus Global China Hong Kong India Growth Technology Equity Equity Discovery Fund Fund Fund Fund Fund Note USD USD USD USD USD

Assets Investment in securities at cost 132,959,626 76,894,848 109,651,140 1,103,979,946 2,941,038 Unrealised appreciation/(depreciation) 11,255,506 44,309,106 28,729,468 136,209,418 202,139

Investments in securities at market value 2(a) 144,215,132 121,203,954 138,380,608 1,240,189,364 3,143,177 Cash at bank 1,452,044 4,736,143 1,476,731 16,831,588 246,914 Cash equivalents* – 1,541 – (40) (182) Amounts receivable on sale of investments – 180,172 – 2,681,014 37,110 Amounts receivable on subscriptions 4,000,000 410,509 36,747 2,439 5,664 Interest and dividends receivable, net 652,179 15,608 1,072,443 3,286,424 2,068 Unrealised appreciation on futures contracts 2(c), 10 – – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – – – – 9,174 Other assets 8 – 3 – 7 Total assets 150,319,363 126,547,927 140,966,532 1,262,990,789 3,443,932

Liabilities Cash owed to bank – – – – – Amounts payable on purchase of investments 311,488 211,952 280,967 9,374,953 38,007 Amounts payable on redemptions 4,000,000 193,727 147,965 1,874,044 48,914 Unrealised depreciation on futures contracts 2(c), 10 – – – – – Market value of credit default swaps 2(d), 12 – – – – – Management fees payable 3 1 94,892 81,057 7,010 4,086 Tax and expenses payable 25,556 31,018 45,336 183,926 3,786 Other liabilities – – – – – Total liabilities 4,337,045 531,589 555,325 11,439,933 94,793

Total net asset value prior to dilution 145,982,318 126,016,338 140,411,207 1,251,550,856 3,349,139

Adjustment due to dilution 2(g) – (302,439) – – –

Total net asset value after dilution 145,982,318 125,713,899 140,411,207 1,251,550,856 3,349,139

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

10 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Japan India Indonesia Japan Japan Fundamental Equity Equity Dynamic Equity Value Fund Fund Fund Fund Fund Note USD USD JPY JPY JPY

Assets Investment in securities at cost 133,561,594 175,519,828 329,887,256,836 31,582,348,325 51,145,205,527 Unrealised appreciation/(depreciation) 33,534,629 15,709,214 18,558,643,577 2,259,794,405 5,193,762,883

Investments in securities at market value 2(a) 167,096,223 191,229,042 348,445,900,413 33,842,142,730 56,338,968,410 Cash at bank 1,940,602 1,859,616 7,101,977,669 297,657,312 2,060,418,009 Cash equivalents* (239) 2,928 (5,825,842) (65,780) (4,723,277) Amounts receivable on sale of investments 637,147 6,183,502 3,924,645,359 499,370,307 1,146,935,252 Amounts receivable on subscriptions 215,647 136,871 1,392,731,193 56,036 78,417,499 Interest and dividends receivable, net 154,761 265,165 170,180,944 28,628,103 33,753,578 Unrealised appreciation on futures contracts 2(c), 10 – – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – – 613,353,354 8,639,610 3,166 Other assets 31 34 967,654 – 241,442 Total assets 170,044,172 199,677,158 361,643,930,744 34,676,428,318 59,654,014,079

Liabilities Cash owed to bank – – – 1 – Amounts payable on purchase of investments 302,424 – 1,695,872,451 319,141,195 432,716,615 Amounts payable on redemptions 1,077,410 5,912,903 7,499,758,420 149,282,499 2,540,821,568 Unrealised depreciation on futures contracts 2(c), 10 – – – – – Market value of credit default swaps 2(d), 12 – – – – – Management fees payable 3 32,695 181,052 287,320,363 2,892,785 2,104,356 Tax and expenses payable 88,173 124,613 58,992,596 6,354,642 9,498,082 Other liabilities – – – – – Total liabilities 1,500,702 6,218,568 9,541,943,830 477,671,122 2,985,140,621

Total net asset value prior to dilution 168,543,470 193,458,590 352,101,986,914 34,198,757,196 56,668,873,458

Adjustment due to dilution 2(g) – – – – –

Total net asset value after dilution 168,543,470 193,458,590 352,101,986,914 34,198,757,196 56,668,873,458

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

The accompanying notes form an integral part of these financial statements. 11 EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Japan Latin North Smaller American Malaysia American Companies Equity Equity Value Fund Fund Fund Fund Note JPY USD USD USD

Assets Investment in securities at cost 25,897,855,823 42,378,359 7,817,590 2,716,559,426 Unrealised appreciation/(depreciation) 2,457,691,047 (1,006,841) (494,950) 289,936,108

Investments in securities at market value 2(a) 28,355,546,870 41,371,518 7,322,640 3,006,495,534 Cash at bank 361,528,546 1,225,553 20,085 5,559,183 Cash equivalents* 1,390,999 (2,237) – (2) Amounts receivable on sale of investments 519,888,272 – – – Amounts receivable on subscriptions 227,509,175 483,529 – 26,600,723 Interest and dividends receivable, net 11,006,509 277,651 13,149 4,423,451 Unrealised appreciation on futures contracts 2(c), 10 – – – – Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – – – 16,991 Other assets 97,169 257 14,351 1,397 Total assets 29,476,967,540 43,356,271 7,370,225 3,043,097,277

Liabilities Cash owed to bank – 52,576 – – Amounts payable on purchase of investments 946,356,316 726,388 – 17,793,916 Amounts payable on redemptions – 11,134 – 34,314 Unrealised depreciation on futures contracts 2(c), 10 – – – – Market value of credit default swaps 2(d), 12 – – – – Management fees payable 3 15,232,382 7,442 1,570 1,518 Tax and expenses payable 4,243,088 47,023 8,080 336,431 Other liabilities – – – – Total liabilities 965,831,786 844,563 9,650 18,166,179

Total net asset value prior to dilution 28,511,135,754 42,511,708 7,360,575 3,024,931,098

Adjustment due to dilution 2(g) – – – –

Total net asset value after dilution 28,511,135,754 42,511,708 7,360,575 3,024,931,098

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

12 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

Pan Philippines Thailand European Equity Equity US Bond Fund Fund Fund Fund Note USD USD USD USD

Assets Investment in securities at cost 42,957,854 47,119,455 13,727,947 48,509,582 Unrealised appreciation/(depreciation) 4,822,904 544,101 1,751,598 625,832

Investments in securities at market value 2(a) 47,780,758 47,663,556 15,479,545 49,135,414 Cash at bank 1,741,108 717,558 280,083 – Cash equivalents* 462 (100) (2) (1) Amounts receivable on sale of investments – 40,323 – – Amounts receivable on subscriptions 242,629 1,806 12,765 273,841 Interest and dividends receivable, net 18,791 13,672 – 247,849 Unrealised appreciation on futures contracts 2(c), 10 – – – 1,918 Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – – – 129,939 Other assets 4 14,810 11,682 14 Total assets 49,783,752 48,451,625 15,784,073 49,788,974

Liabilities Cash owed to bank 5,658 – – 39 Amounts payable on purchase of investments – 120,014 17,925 – Amounts payable on redemptions 41,254 14,768 42,773 302,261 Unrealised depreciation on futures contracts 2(c), 10 – – – – Market value of credit default swaps 2(d), 12 – – – – Management fees payable 3 32,183 23,008 7,553 22,592 Tax and expenses payable 17,180 33,260 14,166 23,049 Other liabilities – – – – Total liabilities 96,275 191,050 82,417 347,941

Total net asset value prior to dilution 49,687,477 48,260,575 15,701,656 49,441,033

Adjustment due to dilution 2(g) – – – –

Total net asset value after dilution 49,687,477 48,260,575 15,701,656 49,441,033

* Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

The accompanying notes form an integral part of these financial statements. 13 EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

US High US High US Investment US Corporate US Equity Investment Yield Grade Bond Income Grade Bond Bond Bond Fund Fund(2) Fund Fund Fund Note USD USD USD USD USD

Assets Investment in securities at cost 4,824,773,038 49,780,919 216,682,357 1,786,695,389 468,456,389 Unrealised appreciation/(depreciation) 126,786,166 212,414 2,308,379 32,625,382 17,914,919

Investments in securities at market value 2(a) 4,951,559,204 49,993,333 218,990,736 1,819,320,771 486,371,308 Cash at bank 7,415,344 9,441 97,947 5,351,107 – Cash equivalents* (4,227) – 500,627 (2,300) 416 Amounts receivable on sale of investments – – 1,092,560 4,442,738 1,836,087 Amounts receivable on subscriptions 22,848,680 – 14,716 12,032,850 29,149,189 Interest and dividends receivable, net 36,199,876 65,842 1,466,375 28,911,531 4,233,028 Unrealised appreciation on futures contracts 2(c), 10 324,572 – – – 69,719 Unrealised appreciation on forward foreign exchange contracts 2(c), 11 7,316,954 – – 31,036,383 152,522 Other assets 552 – 51 96 49 Total assets 5,025,660,955 50,068,616 222,163,012 1,901,093,176 521,812,318

Liabilities Cash owed to bank – – – – 1,073,167 Amounts payable on purchase of investments 26,101,212 – 242,034 37,843,100 4,249,129 Amounts payable on redemptions 1,801,328 – 188,306 2,663,492 28,973,663 Unrealised depreciation on futures contracts 2(c), 10 – – 25,281 – – Market value of credit default swaps 2(d), 12 – – 371,521 – – Management fees payable 3 357,101 – 14,711 938,266 286,667 Tax and expenses payable 688,604 5,708 40,480 591,236 149,168 Other liabilities – – – – – Total liabilities 28,948,245 5,708 882,333 42,036,094 34,731,794

Total net asset value prior to dilution 4,996,712,710 50,062,908 221,280,679 1,859,057,082 487,080,524

Adjustment due to dilution 2(g) – – – – –

Total net asset value after dilution 4,996,712,710 50,062,908 221,280,679 1,859,057,082 487,080,524

(2) New Sub-Fund launched, see Note 1. * Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

14 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Net Assets As at June 30, 2017 (continued)

US Strategic US Total World Income Return Vietnam Value Bond Bond Equity Equity Fund Fund Fund Fund Combined(3) Note USD USD USD USD USD

Assets Investment in securities at cost 50,213,048 50,884,536 1,780,085 328,828,116 32,071,883,297 Unrealised appreciation/(depreciation) 1,451,259 719,013 766,547 45,613,009 1,699,155,587

Investments in securities at market value 2(a) 51,664,307 51,603,549 2,546,632 374,441,125 33,771,038,883 Cash at bank 3,267,723 1,602,988 26,089 12,312,269 394,655,586 Cash equivalents* – – – (301) 150,953,684 Amounts receivable on sale of investments 36,210 681,302 – 94,774 96,196,473 Amounts receivable on subscriptions – – – 62,299 212,714,689 Interest and dividends receivable, net 587,685 330,168 12,517 499,984 226,835,002 Unrealised appreciation on futures contracts 2(c), 10 – 26,566 – – 432,375 Unrealised appreciation on forward foreign exchange contracts 2(c), 11 – – – 323,654 50,020,515 Other assets 128 129 14,964 32 93,599 Total assets 55,556,053 54,244,702 2,600,202 387,733,836 34,902,940,806

Liabilities Cash owed to bank – – – – 1,143,670 Amounts payable on purchase of investments 912,411 195,236 – 6,896,858 200,171,556 Amounts payable on redemptions – – – 435,124 172,960,897 Unrealised depreciation on futures contracts 2(c), 10 20,947 – – – 460,039 Market value of credit default swaps 2(d), 12 – – – – 371,521 Management fees payable 3 – – 2,120 245,489 6,198,836 Tax and expenses payable 11,928 11,644 11,038 86,927 6,958,100 Other liabilities – – – – – Total liabilities 945,286 206,880 13,158 7,664,398 388,264,619

Total net asset value prior to dilution 54,610,767 54,037,822 2,587,044 380,069,438 34,514,676,187

Adjustment due to dilution 2(g) – – – – (1,231,066)

Total net asset value after dilution 54,610,767 54,037,822 2,587,044 380,069,438 34,513,445,121

(3) See Note 2(f). * Cash equivalents consist of time deposits and unrealised gains or losses on spot contracts.

The accompanying notes form an integral part of these financial statements. 15 Combined Statement of Operations and Changes in Net Assets

EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Asia Pacific Asian Asian Asian Equity Bond Dynamic Equity Fund Fund Fund Fund Note USD USD USD USD

Net assets at the beginning of the year 1,076,155,547 3,044,401,225 134,417,801 297,088,384

Income Dividends, net 19,356,240 – 1,530,484 4,884,937 Interest on bonds, net – 65,051,755 – – Mutual funds income – – – – Interest from money market deposits – 398,369 – – Bank interest, net – 1 – – Total income 19,356,240 65,450,125 1,530,484 4,884,937

Expenses Management fees 3 14,253 1,606,150 30,571 383,091 Administration fees 4 4,751 283,964 6,275 17,487 Depositary fees 5 288,010 355,475 38,275 17,591 Transaction fees 16 72,875 9,170 19,255 61,900 Central Administration, Registrar and Transfer Agent fees 5 56,900 229,164 10,761 37,105 Audit fees, printing and publication expenses 7 6,466 16,286 744 1,733 Subscription tax 6 66,339 202,185 5,907 18,547 Bank interest, net 2,601 3,840 – 2,733 Directors fees 7 2,671 6,751 308 716 Interest on swaps 12 – – – – Other charges 7 24,734 62,053 11,257 12,902 Total expenses 539,600 2,775,038 123,353 553,805

Net surplus / (deficit) from Investments 18,816,640 62,675,087 1,407,131 4,331,132

Net realised profit / (loss) on: Sales of investments 70,993,630 9,759,968 15,331,010 9,645,647 Futures contracts – – – – Forward foreign exchange contracts 686 1,579,123 535 7,768 Credit default swaps – – – – Foreign exchange (253,240) 247,685 (55,029) 82,415 Net realised profit / (loss) 70,741,076 11,586,776 15,276,516 9,735,830

Change in net unrealised appreciation / (depreciation) on: Investments 129,287,461 46,282,648 9,653,289 50,936,863 Future contracts – – – – Forward foreign exchange contracts – (721,352) – 17,358 Credit default swaps – – – – Foreign exchange 105,496 289,965 1,503 4,013 Net change in unrealised appreciation/(depreciation) 129,392,957 45,851,261 9,654,792 50,958,234

Net increase / (decrease) in net assets as a result of operations 218,950,673 120,113,124 26,338,439 65,025,196

Movement in capital Issue of shares 225,375,878 331,384,767 169,819 38,916,129 Redemption of shares (571,888,192) (190,267,420) (93,143,837) (39,600,498)

Dividends and distributions Dividends and distributions declared during the year – (41,049,625) – (23,318) Change in total net assets for the year (127,561,641) 220,180,846 (66,635,579) 64,317,509

Currency translation – – – –

Net assets at the end of the year 948,593,906 3,264,582,071 67,782,222 361,405,893

16 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Asian Asian Asian Equity Asian High Infrastructure Local Income Yield Bond Equity Bond Fund Fund Fund Fund Note USD USD USD USD

Net assets at the beginning of the year 686,329,423 167,544,558 25,620,625 2,047,058,231

Income Dividends, net 12,576,353 – 397,681 – Interest on bonds, net – 5,219,928 – 43,123,669 Mutual funds income – – – – Interest from money market deposits – 33,527 – 249,920 Bank interest, net – – – – Total income 12,576,353 5,253,455 397,681 43,373,589

Expenses Management fees 3 793,278 552,774 209,075 186,105 Administration fees 4 – 102,835 54,593 31,727 Depositary fees 5 245,563 22,031 23,234 577,989 Transaction fees 16 74,816 8,519 6,250 26,009 Central Administration, Registrar and Transfer Agent fees 5 83,627 70,121 13,937 133,101 Audit fees, printing and publication expenses 7 3,747 912 171 10,935 Subscription tax 6 56,825 26,035 6,944 112,999 Bank interest, net 1,084 230 1,539 1,719 Directors fees 7 1,552 378 71 4,533 Interest on swaps 12 – – – – Other charges 7 52,761 22,299 7,975 76,636 Total expenses 1,313,253 806,134 323,789 1,161,753

Net surplus / (deficit) from Investments 11,263,100 4,447,321 73,892 42,211,836

Net realised profit / (loss) on: Sales of investments 25,024,153 (106,423) 271,681 (3,689,943) Futures contracts – – – (908,909) Forward foreign exchange contracts 422,852 (1,016,636) (1,788) (871,638) Credit default swaps – – – – Foreign exchange (143,000) 109,506 750 728,819 Net realised profit / (loss) 25,304,005 (1,013,553) 270,643 (4,741,671)

Change in net unrealised appreciation / (depreciation) on: Investments 64,532,492 100,858 2,796,755 97,316,517 Future contracts – – – 9,600 Forward foreign exchange contracts 1,728,020 2,968,774 – (71,212) Credit default swaps – – – – Foreign exchange 84,318 13,872 566 244,441 Net change in unrealised appreciation/(depreciation) 66,344,830 3,083,504 2,797,321 97,499,346

Net increase / (decrease) in net assets as a result of operations 102,911,935 6,517,272 3,141,856 134,969,511

Movement in capital Issue of shares 59,683,931 39,003,644 17,287,040 440,524,039 Redemption of shares (203,140,153) (26,254,179) (9,712,318) (38,145,186)

Dividends and distributions Dividends and distributions declared during the year (4,590,856) (2,467,413) – (71,512,141) Change in total net assets for the year (45,135,143) 16,799,324 10,716,578 465,836,223

Currency translation – – – –

Net assets at the end of the year 641,194,280 184,343,882 36,337,203 2,512,894,454

The accompanying notes form an integral part of these financial statements. 17 EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Asian Asian Developed Low Volatility Property China and Emerging Dragon Equity Securities Equity Asia Equity Peacock Fund Fund Fund Fund Fund Note USD USD USD USD USD

Net assets at the beginning of the year 206,190,440 6,858,908 238,659,783 2,897,015,163 102,637,880

Income Dividends, net 5,114,403 159,106 4,539,123 47,574,923 1,909,292 Interest on bonds, net – – – – – Mutual funds income – – – – – Interest from money market deposits – – – – – Bank interest, net – 2 – 17,602 – Total income 5,114,403 159,108 4,539,123 47,592,525 1,909,292

Expenses Management fees 3 38,839 2,339 1,146,914 19,103 853,038 Administration fees 4 7,768 780 377,503 – 243,726 Depositary fees 5 (7,940) 19,760 57,692 821,306 44,487 Transaction fees 16 – 7,680 11,109 58,873 40,104 Central Administration, Registrar and Transfer Agent fees 5 24,446 9,273 58,975 130,730 16,941 Audit fees, printing and publication expenses 7 1,238 40 1,558 16,598 599 Subscription tax 6 13,915 471 44,152 146,631 25,622 Bank interest, net 709 84 1,438 – 419 Directors fees 7 511 16 641 6,866 247 Interest on swaps 12 – – – – – Other charges 7 1,172 12,207 10,005 257,499 14,622 Total expenses 80,658 52,650 1,709,987 1,457,606 1,239,805

Net surplus / (deficit) from Investments 5,033,745 106,458 2,829,136 46,134,919 669,487

Net realised profit / (loss) on: Sales of investments (988,629) 234,325 10,005,502 78,688,064 2,565,942 Futures contracts – – – 19,918,714 – Forward foreign exchange contracts (764) (201) 274,034 (10,373) 22 Credit default swaps – – – – – Foreign exchange (8,675) 3,757 (75,995) 863,909 72,673 Net realised profit / (loss) (998,068) 237,881 10,203,541 99,460,314 2,638,637

Change in net unrealised appreciation / (depreciation) on: Investments 29,715,017 921,107 34,743,265 390,729,323 20,650,102 Future contracts – – – (3,626,054) – Forward foreign exchange contracts 70,297 – 255,804 – – Credit default swaps – – – – – Foreign exchange 12,995 323 8,172 116,467 (5,366) Net change in unrealised appreciation/(depreciation) 29,798,309 921,430 35,007,241 387,219,736 20,644,736

Net increase / (decrease) in net assets as a result of operations 33,833,986 1,265,769 48,039,918 532,814,969 23,952,860

Movement in capital Issue of shares 41,248,637 383,632 112,787,070 112,280,000 19,846,771 Redemption of shares (13,862,251) (68,702) (79,613,298) (240,800,000) (9,014,134)

Dividends and distributions Dividends and distributions declared during the year (87,841) (4,977) (265,723) – – Change in total net assets for the year 61,132,531 1,575,722 80,947,967 404,294,969 34,785,497

Currency translation – – – – –

Net assets at the end of the year 267,322,971 8,434,630 319,607,750 3,301,310,132 137,423,377

18 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Emerging Global Europe, European Emerging Middle East Investment Global Global Markets and Africa Grade Bond Emerging Customized Dynamic Bond Navigator Markets Equity Fund Fund Fund Bond Fund Fund(1) Note USD EUR USD USD USD

Net assets at the beginning of the year 305,348,931 500,992,168 12,221,811 859,464,704 98,015,036

Income Dividends, net 4,078,272 – – – 18,485,086 Interest on bonds, net – 3,744,417 36,584 25,476,493 – Mutual funds income – – 194,207 – – Interest from money market deposits – – – 77,243 – Bank interest, net 130 295 – – 2,615 Total income 4,078,402 3,744,712 230,791 25,553,736 18,487,701

Expenses Management fees 3 2,470 13,368 84,137 207,226 – Administration fees 4 618 1,604 33,655 41,446 – Depositary fees 5 102,716 63,645 16,853 124,518 50,950 Transaction fees 16 40,056 9,447 1,128 6,739 7,500 Central Administration, Registrar and Transfer Agent fees 5 15,487 50,727 4,813 83,229 70,647 Audit fees, printing and publication expenses 7 1,630 2,609 69 4,674 4,233 Subscription tax 6 15,211 26,212 3,651 51,023 46,138 Bank interest, net 79 52,663 – 13 241 Directors fees 7 676 1,082 28 1,936 1,710 Interest on swaps 12 – – – – – Other charges 7 1,374 4,943 160 22,841 25,327 Total expenses 180,317 226,300 144,494 543,645 206,746

Net surplus / (deficit) from Investments 3,898,085 3,518,412 86,297 25,010,091 18,280,955

Net realised profit / (loss) on: Sales of investments 5,819,501 3,541,224 115,425 1,887,321 6,966,824 Futures contracts – 34,616 – – 1,313,324 Forward foreign exchange contracts (22,946) (333,529) – 512,235 234,480 Credit default swaps – – – – – Foreign exchange (733,598) (2,155) 188 (16,467) (931,782) Net realised profit / (loss) 5,062,957 3,240,156 115,613 2,383,089 7,582,846

Change in net unrealised appreciation / (depreciation) on: Investments 8,519,356 (874,190) 311,577 27,760,838 57,624,635 Future contracts – (313,884) – – (256,992) Forward foreign exchange contracts – 558,829 – 810,200 – Credit default swaps – – – – – Foreign exchange 16,546 (19,670) 191 3,839 (36,488) Net change in unrealised appreciation/(depreciation) 8,535,902 (648,915) 311,768 28,574,877 57,331,155

Net increase / (decrease) in net assets as a result of operations 17,496,944 6,109,653 513,678 55,968,057 83,194,956

Movement in capital Issue of shares 38,501,380 87,323,460 2,207,315 58,035,493 2,256,261,939 Redemption of shares (154,355,037) (3,821,099) (1,448,012) (17,660,015) (256,800,000)

Dividends and distributions Dividends and distributions declared during the year – (6,375) – (990,238) – Change in total net assets for the year (98,356,713) 89,605,639 1,272,981 95,353,297 2,082,656,895

Currency translation – – – – –

Net assets at the end of the year 206,992,218 590,597,807 13,494,792 954,818,001 2,180,671,931

(1) Sub-Fund name changed, see Note 1.

The accompanying notes form an integral part of these financial statements. 19 EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Global Global Emerging Global Low Global Markets Equity Volatility Market Dynamic Navigator Equity Navigator Fund Fund Fund Fund Note USD USD USD USD

Net assets at the beginning of the year 1,727,981,498 90,883,825 118,407,490 152,149,737

Income Dividends, net 12,290,153 – 1,403,229 884,640 Interest on bonds, net – – – 873,778 Mutual funds income – 291,935 – 188,964 Interest from money market deposits – – – 28,447 Bank interest, net – 6,092 – – Total income 12,290,153 298,027 1,403,229 1,975,829

Expenses Management fees 3 187,916 53 19,149 42,081 Administration fees 4 37,583 18 3,829 – Depositary fees 5 604,662 25,448 93,267 43,280 Transaction fees 16 43,761 3,772 24,041 22,788 Central Administration, Registrar and Transfer Agent fees 5 68,864 7,595 44,486 61,573 Audit fees, printing and publication expenses 7 7,518 491 654 818 Subscription tax 6 80,042 3,765 6,913 8,972 Bank interest, net 2,138 5,595 2 823 Directors fees 7 3,136 203 271 339 Interest on swaps 12 – – – – Other charges 7 21,827 8,635 3,996 5,288 Total expenses 1,057,447 55,575 196,608 185,962

Net surplus / (deficit) from Investments 11,232,706 242,452 1,206,621 1,789,867

Net realised profit / (loss) on: Sales of investments 106,047,615 5,591,355 1,840,850 2,761,307 Futures contracts – 1,803,016 – – Forward foreign exchange contracts 185,810 – (21,020) 21,242 Credit default swaps – – – – Foreign exchange (1,899,908) 89,434 9,046 73,579 Net realised profit / (loss) 104,333,517 7,483,805 1,828,876 2,856,128

Change in net unrealised appreciation / (depreciation) on: Investments 54,370,034 205,593 9,752,209 5,258,548 Future contracts – (306,579) – – Forward foreign exchange contracts – – – 10,100 Credit default swaps – – – – Foreign exchange (27,099) 43,618 42,492 2,793 Net change in unrealised appreciation/(depreciation) 54,342,935 (57,368) 9,794,701 5,271,441

Net increase / (decrease) in net assets as a result of operations 169,909,158 7,668,889 12,830,198 9,917,436

Movement in capital Issue of shares 545,633,266 – 5,353,912 28,173,320 Redemption of shares (1,982,289,458) – (7,821,868) (23,897,245)

Dividends and distributions Dividends and distributions declared during the year – – (3) (3,248) Change in total net assets for the year (1,266,747,034) 7,668,889 10,362,239 14,190,263

Currency translation – – – –

Net assets at the end of the year 461,234,464 98,552,714 128,769,729 166,340,000

20 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Global Multi Asset Greater Income Plus Global China Hong Kong India Growth Technology Equity Equity Discovery Fund Fund Fund Fund Fund Note USD USD USD USD USD

Net assets at the beginning of the year 137,151,924 93,378,307 118,450,299 898,275,811 1,392,833

Income Dividends, net 1,122,294 418,642 1,802,983 26,432,354 11,735 Interest on bonds, net 1,079,442 – – – – Mutual funds income 17,072 – – – – Interest from money market deposits 1,657 – – – – Bank interest, net 2 2,217 – – – Total income 2,220,467 420,859 1,802,983 26,432,354 11,735

Expenses Management fees 3 3 497,914 462,279 38,472 21,801 Administration fees 4 1 11,851 36,771 12,824 4,205 Depositary fees 5 25,706 24,517 38,143 168,650 – Transaction fees 16 15,745 5,904 11,969 19,273 – Central Administration, Registrar and Transfer Agent fees 5 60,031 18,366 19,527 66,669 5,728 Audit fees, printing and publication expenses 7 735 549 678 5,832 15 Subscription tax 6 6,038 6,604 9,380 64,868 824 Bank interest, net 36 – 2,479 79 72 Directors fees 7 305 227 280 2,398 6 Interest on swaps 12 – – – – – Other charges 7 653 3,237 2,581 4,664 5,114 Total expenses 109,253 569,169 584,087 383,729 37,765

Net surplus / (deficit) from Investments 2,111,214 (148,310) 1,218,896 26,048,625 (26,030)

Net realised profit / (loss) on: Sales of investments 1,655,931 838,175 2,429,317 9,247,487 202,391 Futures contracts – – – – 2,490 Forward foreign exchange contracts 117 (355) – (3,293) 5,315 Credit default swaps – – – – – Foreign exchange 25,202 (962) (10,452) (69,885) 2,317 Net realised profit / (loss) 1,681,250 836,858 2,418,865 9,174,309 212,513

Change in net unrealised appreciation / (depreciation) on: Investments 5,032,465 20,350,204 22,451,436 154,391,065 290,455 Future contracts – – – – – Forward foreign exchange contracts – – – – 15,019 Credit default swaps – – – – – Foreign exchange 5,465 576 1,291 (4,678) 257 Net change in unrealised appreciation/(depreciation) 5,037,930 20,350,780 22,452,727 154,386,387 305,731

Net increase / (decrease) in net assets as a result of operations 8,830,394 21,039,328 26,090,488 189,609,321 492,214

Movement in capital Issue of shares 20,000,000 16,659,265 17,097,134 220,591,931 3,920,269 Redemption of shares (20,000,000) (5,363,001) (21,226,714) (56,926,207) (2,456,177)

Dividends and distributions Dividends and distributions declared during the year – – – – – Change in total net assets for the year 8,830,394 32,335,592 21,960,908 353,275,045 1,956,306

Currency translation – – – – –

Net assets at the end of the year 145,982,318 125,713,899 140,411,207 1,251,550,856 3,349,139

The accompanying notes form an integral part of these financial statements. 21 EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Japan India Indonesia Japan Japan Fundamental Equity Equity Dynamic Equity Value Fund Fund Fund Fund Fund Note USD USD JPY JPY JPY

Net assets at the beginning of the year 149,757,859 193,905,361 261,148,633,387 32,217,788,804 60,146,634,789

Income Dividends, net 1,674,200 3,094,075 3,820,802,951 342,919,985 678,235,804 Interest on bonds, net – – – – – Mutual funds income – – – – – Interest from money market deposits – – – – – Bank interest, net – – – – – Total income 1,674,200 3,094,075 3,820,802,951 342,919,985 678,235,804

Expenses Management fees 3 200,207 548,171 1,594,052,933 20,166,295 7,822,605 Administration fees 4 62,903 132,384 – 6,722,099 2,607,591 Depositary fees 5 87,260 68,835 31,313,051 3,867,456 8,055,463 Transaction fees 16 34,875 40,980 3,399,131 3,638,932 2,412,651 Central Administration, Registrar and Transfer Agent fees 5 29,085 29,634 35,649,466 3,890,982 4,106,838 Audit fees, printing and publication expenses 7 852 961 1,708,804 164,657 321,191 Subscription tax 6 14,082 20,574 31,095,506 2,125,409 3,459,483 Bank interest, net 4,292 1,329 655,171 196,602 152,356 Directors fees 7 352 399 705,126 68,365 133,207 Interest on swaps 12 – – – – – Other charges 7 14,941 (985) 1,795,652 127,652 348,359 Total expenses 448,849 842,282 1,700,374,840 40,968,449 29,419,744

Net surplus / (deficit) from Investments 1,225,351 2,251,793 2,120,428,111 301,951,536 648,816,060

Net realised profit / (loss) on: Sales of investments 7,655,607 3,574,771 7,452,070,550 894,343,186 2,173,757,434 Futures contracts – – – – – Forward foreign exchange contracts (2,582) 4,161 2,155,772,881 43,769,367 (93,413,297) Credit default swaps – – – – – Foreign exchange 101,056 (8,745) (123,030,548) 34,306,464 42,707,187 Net realised profit / (loss) 7,754,081 3,570,187 9,484,812,883 972,419,017 2,123,051,324

Change in net unrealised appreciation / (depreciation) on: Investments 20,618,259 19,487,579 7,633,796,167 146,405,456 626,146,469 Future contracts – – – – – Forward foreign exchange contracts – – (3,186,253,761) (92,987,101) (851) Credit default swaps – – – – – Foreign exchange (821) (10,621) (38,868) 592,924 (1,415,081) Net change in unrealised appreciation/(depreciation) 20,617,438 19,476,958 4,447,503,538 54,011,279 624,730,537

Net increase / (decrease) in net assets as a result of operations 29,596,870 25,298,938 16,052,744,532 1,328,381,832 3,396,597,921

Movement in capital Issue of shares 19,679,466 46,136,561 154,326,646,199 16,402,173,491 15,863,954,802 Redemption of shares (30,490,725) (71,882,270) (79,426,035,732) (15,310,346,658) (22,738,314,054)

Dividends and distributions Dividends and distributions declared during the year – – (1,472) (439,240,273) – Change in total net assets for the year 18,785,611 (446,771) 90,953,353,527 1,980,968,392 (3,477,761,331)

Currency translation – – – – – Net assets at the end of the year 168,543,470 193,458,590 352,101,986,914 34,198,757,196 56,668,873,458

22 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Japan Latin North Smaller American Malaysia American Companies Equity Equity Value Fund Fund Fund Fund Note JPY USD USD USD

Net assets at the beginning of the year 24,890,432,540 98,567,237 7,247,554 2,602,132,930

Income Dividends, net 277,622,394 1,754,399 122,900 23,683,693 Interest on bonds, net – – – – Mutual funds income – – – – Interest from money market deposits – – – – Bank interest, net 5 1 – – Total income 277,622,399 1,754,400 122,900 23,683,693

Expenses Management fees 3 91,240,043 47,605 9,541 23,134 Administration fees 4 1,360,531 15,869 1 7,711 Depositary fees 5 3,541,386 47,921 17,703 205,251 Transaction fees 16 4,641,533 13,072 7,470 7,524 Central Administration, Registrar and Transfer Agent fees 5 2,606,727 11,738 7,115 145,511 Audit fees, printing and publication expenses 7 136,767 536 40 14,618 Subscription tax 6 1,486,508 5,352 375 157,510 Bank interest, net 113,341 746 – 650 Directors fees 7 56,648 222 16 6,051 Interest on swaps 12 – – – – Other charges 7 107,753 525 (21,465) 11,086 Total expenses 105,291,237 143,586 20,796 579,046

Net surplus / (deficit) from Investments 172,331,162 1,610,814 102,104 23,104,647

Net realised profit / (loss) on: Sales of investments 2,246,807,026 2,843,777 12,008 36,027,814 Futures contracts – – – – Forward foreign exchange contracts 4,440,244 992 (49) 1,332 Credit default swaps – – – – Foreign exchange (16,642,552) (1,217,776) 820 (9,891) Net realised profit / (loss) 2,234,604,718 1,626,993 12,779 36,019,255

Change in net unrealised appreciation / (depreciation) on: Investments (130,598,417) 5,123,726 983,537 (5,560,430) Future contracts – – – – Forward foreign exchange contracts – – – 20,497 Credit default swaps – – – – Foreign exchange (127,388) (11,415) 34 (5,488) Net change in unrealised appreciation/(depreciation) (130,725,805) 5,112,311 983,571 (5,545,421)

Net increase / (decrease) in net assets as a result of operations 2,276,210,075 8,350,118 1,098,454 53,578,481

Movement in capital Issue of shares 11,388,347,248 8,704,973 67,560 442,194,847 Redemption of shares (9,939,666,723) (73,110,620) (1,052,993) (72,958,980)

Dividends and distributions Dividends and distributions declared during the year (104,187,386) – – (16,180) Change in total net assets for the year 3,620,703,214 (56,055,529) 113,021 422,798,168

Currency translation – – – –

Net assets at the end of the year 28,511,135,754 42,511,708 7,360,575 3,024,931,098

The accompanying notes form an integral part of these financial statements. 23 EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

Pan Philippines Thailand European Equity Equity US Bond Fund Fund Fund Fund Note USD USD USD USD

Net assets at the beginning of the year 39,892,876 45,643,841 15,627,487 55,301,396

Income Dividends, net 711,268 443,585 313,313 – Interest on bonds, net – – – 749,971 Mutual funds income – – – – Interest from money market deposits – – – 2,279 Bank interest, net 1,232 – – – Total income 712,500 443,585 313,313 752,250

Expenses Management fees 3 176,032 158,308 47,701 152,553 Administration fees 4 2,197 15,945 11,641 17,411 Depositary fees 5 14,449 25,576 18,269 11,585 Transaction fees 16 10,030 50,460 9,730 7,362 Central Administration, Registrar and Transfer Agent fees 5 12,626 16,191 12,138 28,118 Audit fees, printing and publication expenses 7 224 286 83 284 Subscription tax 6 2,821 3,762 1,759 5,094 Bank interest, net 34 251 40 1,622 Directors fees 7 92 119 35 118 Interest on swaps 12 – – – – Other charges 7 272 (16,092) (17,867) 313 Total expenses 218,777 254,806 83,529 224,460

Net surplus / (deficit) from Investments 493,723 188,779 229,784 527,790

Net realised profit / (loss) on: Sales of investments 456,123 (209,948) 304,303 245,005 Futures contracts – – – 13,320 Forward foreign exchange contracts 11,668 (13,256) 344 (18,560) Credit default swaps – – – – Foreign exchange 79,916 121,849 3,196 (8,351) Net realised profit / (loss) 547,707 (101,355) 307,843 231,414

Change in net unrealised appreciation / (depreciation) on: Investments 6,317,610 6,872,667 1,320,714 743,504 Future contracts – – – 1,918 Forward foreign exchange contracts – – – 584,568 Credit default swaps – – – – Foreign exchange 6,863 (9,476) 447 (8) Net change in unrealised appreciation/(depreciation) 6,324,473 6,863,191 1,321,161 1,329,982

Net increase / (decrease) in net assets as a result of operations 7,365,903 6,950,615 1,858,788 2,089,186

Movement in capital Issue of shares 5,254,996 20,322,635 1,033,587 6,429,557 Redemption of shares (2,826,298) (24,656,516) (2,818,206) (14,137,423)

Dividends and distributions Dividends and distributions declared during the year – – – (241,683) Change in total net assets for the year 9,794,601 2,616,734 74,169 (5,860,363)

Currency translation – – – –

Net assets at the end of the year 49,687,477 48,260,575 15,701,656 49,441,033

24 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

US High US High US Investment US Corporate US Equity Investment Yield Grade Bond Income Grade Bond Bond Bond Fund Fund(2) Fund Fund Fund Note USD USD USD USD USD

Net assets at the beginning of the year 4,328,049,633 – 209,356,745 1,814,456,843 421,236,801

Income Dividends, net – 187,603 – 523,263 3,744 Interest on bonds, net 72,573,714 – 2,954,247 60,533,508 8,061,108 Mutual funds income – – – – – Interest from money market deposits 101,988 112 11,147 328,783 21,437 Bank interest, net – – – – – Total income 72,675,702 187,715 2,965,394 61,385,554 8,086,289

Expenses Management fees 3 1,659,479 – 95,275 5,893,138 1,640,972 Administration fees 4 55,162 – 8,387 1,154,002 289,576 Depositary fees 5 372,890 2,945 17,654 139,081 37,876 Transaction fees 16 10,488 – 2,583 6,534 7,596 Central Administration, Registrar and Transfer Agent fees 5 253,698 1,849 30,965 189,888 82,690 Audit fees, printing and publication expenses 7 23,263 73 1,100 9,502 2,205 Subscription tax 6 279,573 720 11,839 280,024 60,560 Bank interest, net 632 – 951 12,557 490 Directors fees 7 9,642 – 457 3,941 915 Interest on swaps 12 29,679 – 84,766 – – Other charges 7 39,187 2 2,379 9,912 3,135 Total expenses 2,733,693 5,589 256,356 7,698,579 2,126,015

Net surplus / (deficit) from Investments 69,942,009 182,126 2,709,038 53,686,975 5,960,274

Net realised profit / (loss) on: Sales of investments 6,470,016 17,257 (286,018) (2,595,023) 1,392,205 Futures contracts 1,187,357 – (30,938) – (59,258) Forward foreign exchange contracts 1,668,355 (281,736) (1,751) 17,327,667 (137,692) Credit default swaps (73,775) – – – – Foreign exchange (2,317,162) (11,578) 1,432 (296,232) (15,305) Net realised profit / (loss) 6,934,790 (276,057) (317,275) 14,436,412 1,179,950

Change in net unrealised appreciation / (depreciation) on: Investments 98,055,313 212,414 4,193,952 23,536,637 9,602,792 Future contracts (51,951) – 24,469 – 69,719 Forward foreign exchange contracts 8,551,555 – – 25,928,282 646,372 Credit default swaps 28,021 – (107,975) – – Foreign exchange 4,145 – – (9,199) (1,313) Net change in unrealised appreciation/(depreciation) 106,587,083 212,414 4,110,446 49,455,720 10,317,570

Net increase / (decrease) in net assets as a result of operations 183,463,882 118,483 6,502,209 117,579,107 17,457,794

Movement in capital Issue of shares 953,956,870 49,944,425 15,326,853 594,825,035 325,061,978 Redemption of shares (462,239,560) – (9,867,429) (625,405,973) (274,989,718)

Dividends and distributions Dividends and distributions declared during the year (6,518,115) – (37,699) (42,397,930) (1,686,331) Change in total net assets for the year 668,663,077 50,062,908 11,923,934 44,600,239 65,843,723

Currency translation – – – – –

Net assets at the end of the year 4,996,712,710 50,062,908 221,280,679 1,859,057,082 487,080,524

(2) New Sub-Fund launched, see Note 1.

The accompanying notes form an integral part of these financial statements. 25 EASTSPRING INVESTMENTS

Combined Statement of Operations and Changes in Net Assets For the Period Ended June 30, 2017 (continued)

US Strategic US Total World Income Return Vietnam Value Bond Bond Equity Equity Fund Fund Fund Fund Combined(3) Note USD USD USD USD USD

Net assets at the beginning of the year 52,519,682 52,438,257 2,394,437 366,922,717 29,904,964,187

Income Dividends, net 1,671 1,171 57,824 4,311,912 247,374,747 Interest on bonds, net 1,173,551 835,579 – – 291,794,438 Mutual funds income 4,147 – – 1,048 697,373 Interest from money market deposits – – – – 1,254,909 Bank interest, net – – – 2,348 32,561 Total income 1,179,369 836,750 57,824 4,315,308 541,154,028

Expenses Management fees 3 – – 12,610 1,510,020 34,821,029 Administration fees 4 – – – 104,616 3,288,797 Depositary fees 5 16,922 15,921 23,068 46,196 5,476,340 Transaction fees 16 7,308 8,103 6,060 64,689 1,029,615 Central Administration, Registrar and Transfer Agent fees 5 34,633 28,993 5,832 60,120 2,849,046 Audit fees, printing and publication expenses 7 277 275 13 1,952 169,018 Subscription tax 6 2,717 2,679 125 28,153 2,275,421 Bank interest, net 1,344 35 – 11,146 130,984 Directors fees 7 115 114 5 809 69,914 Interest on swaps 12 – – – – 114,445 Other charges 7 743 1,084 (30,099) 3,857 699,250 Total expenses 64,059 57,204 17,614 1,831,558 50,923,859

Net surplus / (deficit) from Investments 1,115,310 779,546 40,210 2,483,750 490,230,169

Net realised profit / (loss) on: Sales of investments 124,105 103,273 74,832 12,337,716 549,028,730 Futures contracts (126,194) (86,156) – – 23,064,217 Forward foreign exchange contracts (18) – 2 218,661 38,476,966 Credit default swaps – – – – (73,775) Foreign exchange (27,542) (3,539) (131) 37,017 (6,020,116) Net realised profit / (loss) (29,649) 13,578 74,703 12,593,394 604,476,022

Change in net unrealised appreciation / (depreciation) on: Investments 1,001,827 778,403 271,765 8,205,571 1,518,383,850 Future contracts (62,056) 23,755 – – (4,513,764) Forward foreign exchange contracts – – – 690,688 12,953,833 Credit default swaps – – – – (79,954) Foreign exchange 65,653 4,283 7 76,995 1,005,585 Net change in unrealised appreciation/(depreciation) 1,005,424 806,441 271,772 8,973,254 1,527,749,550

Net increase / (decrease) in net assets as a result of operations 2,091,085 1,599,565 386,685 24,050,398 2,622,455,741

Movement in capital Issue of shares – – 133,058 41,267,735 9,036,392,733 Redemption of shares – – (327,136) (51,718,053) (6,921,210,979)

Dividends and distributions Dividends and distributions declared during the year – – – (453,359) (177,185,206) Change in total net assets for the year 2,091,085 1,599,565 192,607 13,146,721 4,560,452,289

Currency translation – – – – 48,028,645 Net assets at the end of the year 54,610,767 54,037,822 2,587,044 380,069,438 34,513,445,121

(3) See Note 2(f).

26 The accompanying notes form an integral part of these financial statements. Statement of Changes in Shares Outstanding

EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Asia Pacific Equity Fund Class A 49,131.098 1,601,342.668 (1,550,132.376) 100,341.390 Class D 89,491,770.291 15,719,129.856 (39,321,777.230) 65,889,122.917 Asian Bond Fund Class A 4,390,827.160 1,126,457.339 (2,468,675.582) 3,048,608.917

Class AADM (hedged) 2,227,177.782 333,714.781 (800,007.947) 1,760,884.616

Class ADM 8,600,818.755 1,642,095.555 (1,769,060.186) 8,473,854.124

Class ADQ 1,211,117.554 737,871.801 (421,427.859) 1,527,561.496

Class AE (hedged) 100.000 – – 100.000

Class AEDM (hedged) 123.093 2.626 – 125.719

Class AF (hedged) 100.000 – – 100.000

Class AFDM (hedged) 123.097 2.627 – 125.724

Class AGDM (hedged) 69,616.567 2.616 – 69,619.183

Class AH (hedged) 1,000.000 – – 1,000.000

Class AHDM 1,226.964 26.103 – 1,253.067

Class ANDM (hedged) 171,045.444 65,524.299 (24,743.913) 211,825.830

Class ARDMC1 (hedged) 354.808 11.564 – 366.372

Class AS 102,341.447 93,324.279 (85,901.659) 109,764.067

Class AS (hedged) 1,935.669 2,472.407 (1,891.669) 2,516.407

Class ASDM 3,253.871 61,580.000 (13,259.790) 51,574.081

Class ASDM (Hedged) 174,366.149 102,713.991 (44,889.451) 232,190.689

Class AZ (hedged) 1,130,640.632 171,185.940 (307,041.250) 994,785.322

Class AZDM (hedged) 33,702,471.994 4,144,157.114 (8,854,135.190) 28,992,493.918 Class B 194,685.021 – – 194,685.021

Class BDM 53.204 1.130 – 54.334 Class C 6,414,063.585 2,403,355.236 (2,371,947.006) 6,445,471.815

Class CS (hedged)* – 223,344.000 (2,430.000) 220,914.000 Class D 80,109,130.596 8,662,669.206 (2,314,984.596) 86,456,815.206

Class DH (hedged) 8,075,152.367 – – 8,075,152.367 Class E 1,031,716.504 – – 1,031,716.504

Class EDY 85,815,429.883 4,578,880.182 (2,232,316.792) 88,161,993.273 Class R 17,313.185 – – 17,313.185

Class RDM 120.200 2.557 – 122.757

Class RE (hedged) 100.000 – – 100.000

Class REDM (hedged) 53.449 1.139 – 54.588

Class RG (hedged) 50.000 – – 50.000

Class RGDM (hedged) 53.445 1.140 – 54.585 Asian Dynamic Fund Class A 276,941.884 19,697.852 (10,644.553) 285,995.183 Class B 100.000 – – 100.000 Class C 318,177.431 – (318,077.431) 100.000 Class D 7,147,227.682 – (4,161,519.044) 2,985,708.638 Class R 100.000 – – 100.000 Asian Equity Fund Class A 290,266.591 537,823.287 (510,226.465) 317,863.413

Class AADMC1 (hedged) 1,561.537 35,662.208 (4,394.409) 32,829.336

Class ADMC1 55.182 536,585.465 (536,463.216) 177.431

Class ANDMC1 (hedged) 19,667.432 4,738.930 (19,618.642) 4,787.720

Class AS 42,217.453 8,496.360 (2,045.117) 48,668.696

Class AZDMC1 (hedged) 83,531.888 1,090,434.290 (1,169,477.322) 4,488.856 Class B 100.000 – – 100.000 Class C 2,227,761.954 365,525.643 (31,631.926) 2,561,655.671 Class D 5,948,916.218 263,572.179 (566,420.700) 5,646,067.697 Class E 249,240.168 – – 249,240.168 Class J 45,580.828 – (45,580.828) –

* New share class launched, see Appendix 1.

27 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Asian Equity Income Fund Class A 1,140,378.386 1,671,774.641 (1,795,907.359) 1,016,245.668

Class AADM (hedged) 401,012.812 2,859.691 (202,442.730) 201,429.773

Class AADMC1 (hedged) 1,587,195.762 340,492.390 (351,982.779) 1,575,705.373

Class ADM 99,262.918 221.758 (16,097.948) 83,386.728

Class ADMC1 4,254,702.538 846,135.581 (987,268.096) 4,113,570.023

Class ANDMC1 (hedged) 280,525.251 21,600.265 (75,575.574) 226,549.942

Class ARDMC1 (hedged) 345.418 9.780 – 355.198

Class AS 38,561.182 8,897.172 (17,426.555) 30,031.799

Class AS (hedged) 245,045.981 88,427.921 (115,243.432) 218,230.470

Class ASDM 2,494,589.616 31,619.683 (608,116.680) 1,918,092.619

Class AZDMC1 (hedged) 22,516,746.963 10,182,528.751 (9,958,924.236) 22,740,351.478 Class B 100.000 – – 100.000 Class C 368,957.594 28,841.413 (37,635.869) 360,163.138 Class D 40,236,946.939 32,024.232 (9,744,139.075) 30,524,832.096

Class DDH 5,263,122.416 1,113,998.489 (762,061.545) 5,615,059.360 Class R 100.000 174,844.310 (131,133.000) 43,811.310 Asian High Yield Bond Fund Class A 170,264.469 352,304.497 (114,410.087) 408,158.879

Class AADM (hedged) 964,660.482 220,954.709 (219,548.395) 966,066.796

Class AADMC1 (hedged) 60.286 24,402.405 – 24,462.691

Class ADM 1,757,149.201 1,821,960.823 (233,220.223) 3,345,889.801

Class ADMC1 59.161 20,992.172 (20,990.000) 61.333

Class AE (hedged) 100.000 – – 100.000

Class AF (hedged) 100.000 2,000.000 – 2,100.000

Class AFDM (hedged) 132.955 25,265.050 – 25,398.005

Class ANDM (hedged) 700,079.031 205,420.751 (52,664.042) 852,835.740

Class ANDMC1 (hedged) 60.715 2.420 – 63.135

Class ARDMC1 (hedged) 495,707.465 40,014.601 (284,345.306) 251,376.760

Class ASDM 1,389,424.432 339,035.289 (575,269.827) 1,153,189.894

Class ASDM (hedged) 4,196,494.828 1,297,114.770 (704,521.174) 4,789,088.424

Class AZDMC1 (hedged) 636.281 36.425 – 672.706 Class B 100.000 – – 100.000 Class C 1,081,271.000 70,907.000 (567,097.000) 585,081.000 Class D 5,370,581.748 – (175,915.372) 5,194,666.376 Class R 100.000 795.482 – 895.482

Class RE (hedged) 100.000 – – 100.000 Asian Infrastructure Equity Fund Class A 1,792,167.148 1,593,400.004 (972,198.487) 2,413,368.665 Class C 1,075,940.769 65,463.990 (54,181.049) 1,087,223.710 Class J 13,837.186 150,407.885 (8,905.249) 155,339.822

28 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Asian Local Bond Fund Class A 1,412,845.654 460,575.704 (553,511.580) 1,319,909.778

Class AADM (hedged) 240,770.843 151,920.018 (103,070.534) 289,620.327

Class ADM 426,972.809 17,739.323 (24,142.770) 420,569.362

Class AE (hedged) 100.000 – – 100.000

Class AF (hedged) 100.000 – – 100.000

Class AFDM (hedged) 118.220 2.222 – 120.442

Class ANDM (hedged) 419.332 301.058 – 720.390

Class ARDMC1 (hedged) 346.335 10.397 – 356.732

Class AS 19,695.985 415.697 (6,893.825) 13,217.857

Class ASDM 591.177 11.118 – 602.295

Class AZDM (hedged) 1,409,254.042 713,884.321 (311,802.867) 1,811,335.496 Class B 573,669.479 – (560,905.479) 12,764.000 Class C 1,278,797.942 – (478,697.942) 800,100.000 Class D 1,709,687.486 63,530.266 (138,235.813) 1,634,981.939 Class E 2,167,436.999 – – 2,167,436.999

Class EDY 197,395,205.979 42,647,484.302 (1,715,583.535) 238,327,106.746 Class F 100.000 – – 100.000 Class R 100.000 – – 100.000

Class RE (hedged) 100.000 – – 100.000 Asian Low Volatility Equity Fund Class A 50.000 37,045.715 – 37,095.715

Class ADM 50.076 500,484.785 (115,297.750) 385,237.111

Class ASDM 50.074 288,439.790 (2,446.069) 286,043.795

Class ASDM (hedged) 50.075 904,445.625 (106,430.327) 798,065.373 Class C* – 50.000 – 50.000 Class D 22,259,470.711 2,716,949.330 (1,127,046.543) 23,849,373.498 Asian Property Securities Fund Class A 1,137.825 247.153 (554.676) 830.302

Class AS 1,013.648 – – 1,013.648

Class ASDQ 37,693.874 38,696.658 (9,943.364) 66,447.168 Class D 517,021.877 11,224.448 (308.549) 527,937.776 China Equity Fund Class A 11,176,232.059 4,025,340.817 (4,408,864.203) 10,792,708.673

Class AADMC1 (hedged) 202,972.775 113,175.530 (86,392.098) 229,756.207

Class ADM 54.068 0.906 – 54.974

Class ADMC1 85,126.541 35,765.000 (53,255.630) 67,635.911

Class AE 139,066.524 484,620.000 (503,744.000) 119,942.524

Class AH 242,923.782 – (213,232.373) 29,691.409

Class AHDM 1,049.618 17.533 – 1,067.151

Class ANDMC1 (hedged) 29,198.586 7,770.965 (5,970.740) 30,998.811

Class AR (hedged) 300.000 – – 300.000

Class AS 432,459.155 84,584.913 (227,853.902) 289,190.166

Class AZDMC1 (hedged) 8,434,739.106 3,912,411.457 (4,170,871.636) 8,176,278.927 Class B 100.000 – – 100.000 Class C 50.000 – – 50.000

Class CE 100.000 – – 100.000 Class D 2,959,971.440 1,621,977.029 (268,830.503) 4,313,117.966 Class J 905,017.992 24,562.887 (121,778.492) 807,802.387 Class R 100.000 – – 100.000

* New share class launched, see Appendix 1.

29 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Developed and Emerging Asia Equity Fund Class E 226,451,804.958 3,521,126.761 (17,875,337.129) 212,097,594.590

Class EDY 29,132,722.058 5,154,526.674 (171,875.000) 34,115,373.732 Dragon Peacock Fund Class A 4,433,833.870 721,731.121 (383,896.568) 4,771,668.423

Class AH 25,853.365 – – 25,853.365 Class D 581,735.567 97,139.487 (13,500.000) 665,375.054 Emerging Europe, Middle East and Africa Dynamic Fund Class A 424,479.906 – (424,379.906) 100.000 Class D 39,114,156.487 4,839,530.048 (18,371,213.118) 25,582,473.417 European Investment Grade Bond Fund

Class AE 167,195.601 2,199.427 (75,083.825) 94,311.203

Class AEDM 44,860.212 10,491.310 (7,024.428) 48,327.094

Class DE 29,283,054.615 5,017,928.430 (156,350.070) 34,144,632.975 Global Bond Navigator Fund Class A 1,137,757.043 202,137.173 (131,146.978) 1,208,747.238 Class D 60.000 – – 60.000 Global Emerging Markets Bond Fund Class A 817,350.421 629.389 (155,412.142) 662,567.668

Class AADM (hedged) 181,406.618 214.214 (154,236.810) 27,384.022

Class AADMC1 (hedged) 514,352.645 3,877.944 (30,579.430) 487,651.159

Class ADM 19,232.837 3.066 (9,941.734) 9,294.169

Class ADMC1 641,663.564 806.952 (128,954.572) 513,515.944

Class ANDMC1 (hedged) 71,972.270 1,514.620 (7,472.591) 66,014.299

Class ARDMC1 (hedged) 348.937 10.830 – 359.767

Class AZ (hedged) 133,851.838 11,352.020 (45,625.365) 99,578.493

Class AZDM (hedged) 12,721,814.135 24,504.915 (798,932.201) 11,947,386.849

Class AZDMC1 (hedged) 6,725,195.702 155,387.301 (1,196,858.138) 5,683,724.865 Class D 61,679,438.738 4,126,699.433 (832,625.015) 64,973,513.156 Global Emerging Markets Customized Equity Fund (1) Class E 8,318,554.800 172,061,371.136 (19,585,942.013) 160,793,983.923 Global Emerging Markets Dynamic Fund Class A 265,989.716 3,548,435.477 (51,400.535) 3,763,024.658

Class AS 3,814.670 8,844.903 (5,020.753) 7,638.820 Class C* – 50.000 – 50.000 Class D 1,389,728.148 72,992.391 (78,819.251) 1,383,901.288 Class E 144,581,288.334 39,087,341.606 (152,823,472.630) 30,845,157.310 Global Equity Navigator Fund Class A 540.693 – – 540.693 Class D 6,440,796.145 – – 6,440,796.145 Global Low Volatility Equity Fund Class A* – 5,244.736 – 5,244.736

Class ADMC1* – 50.238 – 50.238

Class As 132,539.910 691,813.885 (777,224.858) 47,128.937 Class D 10,482,968.946 – (131,535.197) 10,351,433.749

(1) Sub-Fund changed its name, see Note 1. * New share class launched, see Appendix 1.

30 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Global Market Navigator Fund Class A 452,644.841 6,928.018 (184,303.009) 275,269.850

Class AADMC1 (hedged) 13,095.783 272.199 (2,649.274) 10,718.708

Class ADMC1 125.421 3.761 – 129.182

Class ANDMC1 (hedged) 131.102 4.344 – 135.446

Class AS* – 632,687.242 (88,679.717) 544,007.525

Class AS (hedged)* – 177,382.416 (62,007.311) 115,375.105

Class ASDMC1 (hedged) 1,306.933 1,927.664 (904.797) 2,329.800 Class C 58,155.824 – (58,116.214) 39.610 Class D 10,591,128.248 1,534,995.011 (1,363,623.554) 10,762,499.705 Global Multi Asset Income Plus Growth Fund

Class ADM 50.000 – – 50.000 Class D 12,414,662.032 1,725,647.742 (1,725,647.742) 12,414,662.032 Global Technology Fund Class A 186,929.796 367,480.990 (149,630.688) 404,780.098

Class CS 11,113,061.253 833,126.409 (214,305.815) 11,731,881.847 Greater China Equity Fund Class A 619,424.282 580,531.390 (574,586.981) 625,368.691

Class AH 27,055.237 – – 27,055.237 Class C 2,845,743.439 131,300.167 (250,927.496) 2,726,116.110 Class D 1,946,589.353 – – 1,946,589.353 Hong Kong Equity Fund Class A 281,147.842 288,504.894 (164,498.973) 405,153.763

Class AH 1,390,519.298 84,961.773 (1,178,564.382) 296,916.689 Class D 43,917,116.731 9,855,591.596 (2,291,903.875) 51,480,804.452 India Discovery Fund Class A 109,150.447 76,377.251 (19,945.530) 165,582.168

Class AS 8,241.294 266,133.498 (190,634.588) 83,740.204

Class AS (hedged) 18,786.717 139,509.139 (86,365.390) 71,930.466 Class C 20,122.260 – – 20,122.260 Class R 50.000 – – 50.000 India Equity Fund Class A 1,898,246.805 1,103,241.789 (1,204,409.994) 1,797,078.600

Class AS 25,238.798 46,806.032 (46,172.279) 25,872.551 Class B 100.000 – – 100.000 Class C 100.000 – – 100.000 Class D 4,648,700.601 170,254.198 (429,840.536) 4,389,114.263 Class J 741,810.191 5,506.729 (115,987.899) 631,329.021 Class R 100.000 – – 100.000 Indonesia Equity Fund Class A 3,572,561.779 2,625,910.004 (3,126,244.058) 3,072,227.725

Class AS 77,200.572 26,177.960 (27,268.557) 76,109.975 Class B 100.000 – – 100.000 Class C 100.000 – – 100.000 Class D 102,244.103 – (102,244.103) – Class J 7,782,787.552 178,689.367 (1,051,736.572) 6,909,740.347

* New share class launched, see Appendix 1.

31 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Japan Dynamic Fund Class A 1,428,432.294 10,148,571.380 (9,589,980.905) 1,987,022.769 Class A (hedged) 13,442,139.971 2,922,492.341 (4,252,840.363) 12,111,791.949

Class AA (hedged) 21,754.191 242,569.307 (12,419.752) 251,903.746

Class AE 50.000 – – 50.000

Class AE (hedged) 168,540.326 – (9,320.000) 159,220.326

Class AF 50.000 – – 50.000

Class AF (hedged) 50.000 – – 50.000

Class AG (hedged) 877.868 3,947.175 – 4,825.043

Class AJ 7,275,846.469 1,759,460.689 (4,470,863.652) 4,564,443.506

Class AN (hedged) 1,254.439 264.687 (851.842) 667.284

Class AS 422,077.436 204,286.753 (310,558.846) 315,805.343

Class AS (hedged) 6,451,719.113 1,703,169.001 (3,679,801.482) 4,475,086.632

Class AZ (hedged) 414,994.292 1,101,213.203 (1,154,605.541) 361,601.954 Class B 44,594,295.294 34,911,264.177 (3,577,869.909) 75,927,689.562 Class C 12,300,151.220 1,926,261.702 (1,961,697.197) 12,264,715.725 Class C (hedged) 841,168.272 822,459.152 (25,418.876) 1,638,208.548

Class CDY 50.000 1.009 – 51.009

Class CE 1,451,188.826 7,287,750.726 (300,407.000) 8,438,532.552

Class CE (hedged) 50.000 4,382.000 (4,382.000) 50.000

Class CG 6,969,227.901 512,759.537 (719,362.526) 6,762,624.912

Class CJ 27,443,419.981 28,813,825.086 (2,445,085.592) 53,812,159.475 Class D 17,038,457.990 459,474.361 (14,802,629.657) 2,695,302.694 Class R 472,393.578 77,583.886 (21,512.000) 528,465.464 Class R (hedged) 324,990.038 59,195.682 (89,333.743) 294,851.977

Class RE 768,159.966 94,510.900 (10,127.900) 852,542.966

Class RE (hedged) 50.000 – – 50.000

Class RG 14,075,969.904 3,747,590.779 (696,018.185) 17,127,542.498

Class RG (hedged) 281,964.186 24,499.484 (90,857.667) 215,606.003

Class RJ 50.000 – – 50.000 Japan Equity Fund Class A 1,431,896.321 6,645,495.551 (6,861,109.633) 1,216,282.239

Class AADMC1 (hedged) 681.177 734.204 (952.596) 462.785

Class ADMC1 (hedged) 648,562.498 13,737.314 (189,661.999) 472,637.813

Class AJ 888,839.015 3,501,815.000 (4,263,018.022) 127,635.993

Class ANDMC1 (hedged) 54.401 1.130 – 55.531

Class AZDMC1 (hedged) 240,552.918 15,937.239 (28,029.860) 228,460.297

Class DJ 2,062,564.163 2,222.222 (565,512.545) 1,499,273.840

Class EDY 21,315,979.292 2,669,235.190 (99,125.890) 23,886,088.592 Japan Fundamental Value Fund

Class AE 635,878.000 7,737,131.000 (6,405,651.000) 1,967,358.000

Class AF 50.000 382,656.000 – 382,706.000

Class AF (hedged) 50.000 – – 50.000 Class C* – 50.000 – 50.000 Class D 37,209,388.546 3,301,574.109 (8,786,985.895) 31,723,976.760

Class RG 50.000 – – 50.000 Japan Smaller Companies Fund Class A 312,879.201 1,148,259.000 (1,457,797.000) 3,341.201

Class BJ 50.000 – – 50.000 Class C* – 50.000 – 50.000

Class CG 2,147,896.876 1,811,087.459 (70,139.978) 3,888,844.357

Class CJ 4,092,643.738 1,437,690.503 (840,752.445) 4,689,581.796 Class D 387,702.063 207,076.923 (410,338.777) 184,440.209

Class EDY 1,974,545.910 35,115.317 (16,169.099) 1,993,492.128

Class RG 1,292,620.250 20,662.368 (1,288,755.016) 24,527.602

Class RJ 50.000 – – 50.000

* New share class launched, see Appendix 1.

32 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period Latin American Equity Fund Class A 1,289,860.301 1,463,913.676 (1,266,682.139) 1,487,091.838 Class D 17,172,797.114 358,718.633 (11,222,153.206) 6,309,362.541 Malaysia Equity Fund Class A 33.846 – – 33.846 Class J 653,005.282 5,612.838 (84,511.897) 574,106.223 North American Value Fund Class A 382,105.853 60,960.851 (385,742.862) 57,323.842

Class AADMC1 (hedged) 53,521.998 11,139.825 (60,545.852) 4,115.971

Class ADMC1 6,953.193 51,941.011 (45,256.994) 13,637.210

Class ANDMC1 (hedged) 55.087 366.015 – 421.102

Class AS 16,597.769 8,347.776 (11,925.539) 13,020.006

Class AZDMC1 (hedged) 341,923.618 467,110.004 (629,865.875) 179,167.747 Class D 170,881,112.004 28,339,797.972 (4,237,877.700) 194,983,032.276 Pan European Fund Class A 213,842.218 40,241.177 (61,191.608) 192,891.787

Class CS 3,753,827.642 426,519.932 (180,278.863) 4,000,068.711 Philippines Equity Fund Class A 224,834.604 467,602.694 (479,659.725) 212,777.573

Class AS 176,511.540 125,846.183 (150,995.386) 151,362.337 Class B 1,011,586.951 – – 1,011,586.951 Class C 50.000 – – 50.000 Class J 1,211,013.854 4,853.476 (68,811.759) 1,147,055.571

Class Jj 93,205.705 116,465.426 (133,672.243) 75,998.888 Thailand Equity Fund Class A 262,251.448 41,822.985 (78,444.257) 225,630.176 Class J 543,544.160 10,995.321 (60,755.791) 493,783.690 US Bond Fund Class A 168,127.049 181,676.039 (96,785.317) 253,017.771

Class AADM (hedged) 1,355,188.574 36,289.867 (611,230.077) 780,248.364

Class ADM 427,679.468 92,288.795 (263,615.469) 256,352.794 Class C 1,845,339.694 159,086.766 (395,056.484) 1,609,369.976 Class D 739,121.577 17,963.765 – 757,085.342

Class EDY 175,917.739 17,229.727 (17,116.521) 176,030.945

33 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period US Corporate Bond Fund Class A 511,437.524 24,041.176 (303,201.951) 232,276.749

Class AADM (hedged) 403,940.722 150,630.304 (110,812.984) 443,758.042

Class AADMC1 (hedged) 133,086.423 7,668.192 (29,741.504) 111,013.111

Class ADM 2,455,109.837 1,223,026.527 (1,275,887.188) 2,402,249.176

Class ADMC1 32,412.084 6,906.105 (3,092.275) 36,225.914

Class AE (hedged) 72,443.701 – (64,000.000) 8,443.701

Class AEDM (hedged) 114.532 1.719 – 116.251

Class AF (hedged) 100.000 – – 100.000

Class AFDM (hedged) 114.540 1.721 – 116.261

Class ANDM (hedged) 989.757 531.464 (511.043) 1,010.178

Class ANDMC1 (hedged) 744.682 4,891.194 (46.101) 5,589.775

Class ARDMC1 (hedged) 336.949 7.978 – 344.927

Class ASDM (hedged) 4,771.201 236.855 (235.150) 4,772.906

Class AZDM (hedged) 1,908,532.541 88,733.121 (316,629.886) 1,680,635.776

Class AZDMC1 (hedged) 6,957,448.573 1,113,906.142 (1,969,667.396) 6,101,687.319 Class B 583,826.000 83,464.000 (58,152.000) 609,138.000 Class C 6,135,616.000 5,126,403.000 (612,231.000) 10,649,788.000

Class CDY 38,731,131.804 1,533,825.018 (40,152,027.822) 112,929.000

Class CE 50.000 – – 50.000

Class CE (hedged) 321,405.000 27,923.000 (14,279.000) 335,049.000

Class CG 50.000 – – 50.000

Class CG (hedged) 391,205.000 86,726.000 (29,020.000) 448,911.000

Class CGDY (hedged)* – 50.000 – 50.000 Class D 206,152,692.151 29,954,732.802 (12,375,119.042) 223,732,305.911 Class E 24,257,323.681 564,798.014 (3,914,123.289) 20,907,998.406 Class G 455,796.771 55,769.558 (14,300.000) 497,266.329

Class GDM 112.578 1.685 – 114.263

Class GEDM (hedged) 21,349.588 468,410.687 (6,560.000) 483,200.275

Class GFDM (hedged) 86,812.590 1.691 (30,000.000) 56,814.281 Class R 8,295,695.959 897,248.153 (1,934,431.508) 7,258,512.604

Class RDM 526,437.100 583,581.942 (174,237.000) 935,782.042

Class RE (hedged) 379,734.000 3,399,533.146 (70,088.610) 3,709,178.536

Class REDM (hedged) 52.823 0.793 – 53.616

Class RGDM (hedged) 7,985,130.575 20,460,654.278 (227,768.267) 28,218,016.586 US Equity Income Fund (2)

Class EGDM* – 3,859,394.540 – 3,859,394.540 US High Investment Grade Bond Fund Class A 309,496.450 20,065.301 (141,290.007) 188,271.744

Class ADM 262,055.341 101,268.769 (118,612.960) 244,711.150

Class ADQ 106.399 1.356 – 107.755

Class AS 57,533.159 6,047.297 (35,477.647) 28,102.809 Class C 1,139,550.541 54,649.403 (74,688.578) 1,119,511.366 Class D 10,806,256.109 752,443.514 (284,457.995) 11,274,241.628

* New share class launched, see Appendix 1. (2) New Sub-Fund launched, see Note 1.

34 EASTSPRING INVESTMENTS

Statement of Changes in Shares Outstanding For the Period Ended June 30, 2017 (continued)

Shares outstanding Shares outstanding at the begining Shares Shares at the end of the period issued redeemed of the period US High Yield Bond Fund Class A 4,833,312.720 4,808,436.165 (5,409,736.918) 4,232,011.967

Class AADM (hedged) 18,629,310.923 2,906,559.159 (3,201,389.516) 18,334,480.566

Class AADMC1 (hedged) 6,384,890.370 2,730,328.213 (1,914,484.868) 7,200,733.715

Class ADM 16,623,301.227 5,826,344.155 (6,313,698.527) 16,135,946.855

Class ADMC1 5,162,251.159 5,434,698.791 (2,651,177.197) 7,945,772.753

Class AFDM (hedged) 128.492 4.327 – 132.819

Class ANDM (hedged) 116,016.684 11,178.773 (19,075.349) 108,120.108

Class ANDMC1 (hedged) 822,916.806 426,275.337 (272,061.941) 977,130.202

Class ARDMC1 (hedged) 362.041 15.798 – 377.839

Class AS 100.000 – – 100.000

Class AZDM (hedged) 540,901,475.521 27,337,694.790 (55,925,956.067) 512,313,214.244

Class AZDMC1 (hedged) 142,161,256.627 36,051,569.051 (27,524,991.746) 150,687,833.932 Class B 100.000 424,664.515 (424,664.515) 100.000 Class C 11,206,309.136 77,934.215 (10,876,408.774) 407,834.577 Class D 35,440,030.882 16,912,492.441 (4,697,557.310) 47,654,966.013 Class E 1,788.584 – – 1,788.584 Class R 100.000 – – 100.000 US Investment Grade Bond Fund Class A 7,747,130.506 7,377,987.230 (11,043,246.817) 4,081,870.919

Class AADM (hedged) 744,316.238 174,329.902 (220,512.146) 698,133.994

Class ADM 6,660,655.448 1,498,536.581 (1,203,570.920) 6,955,621.109

Class ADQ 50,139.198 38.503 (42,565.665) 7,612.036

Class AE (hedged) 100.000 – – 100.000

Class AF (hedged) 1,890.000 460.000 – 2,350.000

Class AFDM (hedged) 117.200 2.053 – 119.253

Class AS 24,668.991 12,415.832 (6,877.230) 30,207.593

Class AZDM (hedged) 1,523,910.050 91,942.626 (146,441.507) 1,469,411.169 Class B 100.000 – – 100.000 Class C 7,460,438.356 51,199.620 (4,844,035.508) 2,667,602.468 Class D 5,579,838.157 8,324,278.459 (213,232.359) 13,690,884.257

Class JJDM (hedged) 250,090.206 18,343.274 (30,875.047) 237,558.433 Class R 100.000 – – 100.000

Class RE (hedged) 100.000 – – 100.000 US Strategic Income Bond Fund Class D 5,000,000.000 – – 5,000,000.000 US Total Return Bond Fund Class D 5,000,000.000 – – 5,000,000.000 Vietnam Equity Fund Class J 271,901.614 14,041.003 (34,253.782) 251,688.835 World Value Equity Fund Class A 1,281,523.899 414,856.613 (843,211.107) 853,169.405

Class AADM (hedged) 110.446 11,226.058 (0.227) 11,336.277

Class AADMC1 (hedged) 1,557,759.647 855,371.924 (1,337,665.475) 1,075,466.096

Class ADM 105.654 1.047 – 106.701

Class ADMC1 697,350.483 265,857.697 (426,432.694) 536,775.486

Class ANDMC1 (hedged) 125,737.205 20,140.574 (27,958.937) 117,918.842

Class AS (hedged) 153.234 585.363 (489.237) 249.360

Class ASDM (hedged) 52.486 0.522 – 53.008

Class AZ (hedged) 83,735.626 44,349.634 (34,563.705) 93,521.555

Class AZDMC1 (hedged) 4,709,091.936 2,060,659.683 (3,338,134.114) 3,431,617.505 Class C 14,238,323.483 861,062.485 (701,468.281) 14,397,917.687 Class D 603,565.787 111,297.042 (103,410.886) 611,451.943

35 Statistics

EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Asia Pacific Equity Fund Total net assets USD 948,593,906 USD 1,076,155,547 USD 1,119,958,884 USD 1,063,469,683 Net asset value per: Class A USD 9.772 USD 8.248 USD 7.802 USD 9.566 Class D USD 14.382 USD 12.021 USD 11.142 USD 13.386

Class EDY – – USD 7.457 USD 9.245 Asian Bond Fund Total net assets USD 3,264,582,071 USD 3,044,401,225 USD 2,727,928,502 USD 2,278,277,934 Net asset value per: Class A USD 18.852 USD 18.284 USD 17.490 USD 17.325

Class AADM (hedged) AUD 9.552 AUD 9.472 AUD 9.508 AUD 9.910

Class ACDM (hedged) – – CAD 9.341 CAD 9.722

Class ADM USD 10.929 USD 10.826 USD 10.840 USD 11.315

Class ADQ USD 12.197 USD 12.086 USD 12.101 USD 12.630

Class AE (hedged) EUR 11.509 EUR 11.264 EUR 10.928 EUR 10.860

Class AEDM (hedged) EUR 9.149 EUR 9.147 EUR 9.292 EUR 9.732

Class AF (hedged) CHF 11.182 CHF 10.972 CHF 10.702 CHF 10.771

Class AFDM (hedged) CHF 8.889 CHF 8.909 CHF 9.099 CHF 9.651

Class AGDM (hedged) GBP 9.327 GBP 9.288 GBP 9.316 GBP 9.705

Class AH – – HKD 11.729 HKD 11.623

Class AH (hedged) HKD 10.698 HKD 10.403 HKD 9.986 –

Class AHDM HKD 9.408 HKD 9.258 HKD 9.267 HKD 9.678

Class ANDM (hedged) NZD 9.462 NZD 9.380 NZD 9.421 NZD 9.746

Class ARDMC1 (hedged) CNH 9.848 CNH 9.605 CNH 9.629 CNH 10.022

Class AS SGD 14.203 SGD 14.457 SGD 13.554 SGD 12.549

Class AS (hedged) SGD 10.797 SGD 10.484 SGD 10.023 –

Class ASDM SGD 10.107 SGD 10.507 SGD 10.308 –

Class ASDM (Hedged) SGD 9.919 SGD 9.837 SGD 9.839 –

Class AZ (hedged) ZAR 13.520 ZAR 12.727 ZAR 11.430 ZAR 10.642

Class AZDM (hedged) ZAR 9.812 ZAR 9.681 ZAR 9.551 ZAR 9.800 Class B USD 11.883 USD 11.473 USD 10.875 USD 10.675

Class BDM USD 10.048 USD 9.910 USD 9.838 – Class C USD 12.486 USD 12.048 USD 11.405 USD 11.180

Class CS (hedged)* SGD 10.061 – – – Class D USD 22.590 USD 21.742 USD 20.480 USD 19.977

Class DDQ – – – USD 10.111

Class DH (hedged) HKD 10.951 HKD 10.567 HKD 9.988 – Class E USD 10.434 USD 10.042 – –

Class EDY USD 11.285 USD 11.295 USD 11.147 USD 11.433 Class R USD 11.675 USD 11.288 USD 10.728 USD 10.555

Class RDM USD 9.515 USD 9.394 USD 9.341 USD 9.684

Class RE (hedged) EUR 11.320 EUR 11.046 EUR 10.653 EUR 10.520

Class REDM (hedged) EUR 9.722 EUR 9.690 EUR 9.782 –

Class RG (hedged) GBP 10.842 GBP 10.538 GBP 10.031 –

Class RGDM (hedged) GBP 9.929 GBP 9.857 GBP 9.823 – Asian Dynamic Fund Total net assets USD 67,782,222 USD 134,417,801 USD 131,813,097 USD 160,004,576 Net asset value per: Class A USD 9.199 USD 7.717 USD 7.247 USD 9.246 Class B USD 10.603 USD 8.832 USD 8.178 USD 10.293 Class C USD 11.699 USD 9.742 USD 9.008 USD 11.325 Class D USD 21.820 USD 18.074 USD 16.548 USD 20.583 Class R USD 10.442 USD 8.714 USD 8.097 USD 10.219

* New share class launched, see Appendix 1.

36 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Asian Equity Fund Total net assets USD 361,405,893 USD 297,088,384 USD 619,208,749 USD 783,734,049 Net asset value per: Class A USD 17.564 USD 14.558 USD 14.014 USD 16.944

Class AADMC1 (hedged) AUD 8.346 AUD 7.082 AUD 7.183 AUD 9.169

Class ADMC1 USD 8.506 USD 7.206 USD 7.254 USD 9.183

Class ANDMC1 (hedged) NZD 8.263 NZD 7.085 NZD 7.194 NZD 9.212

Class AS SGD 14.456 SGD 12.573 SGD 11.869 SGD 13.413

Class AZDMC1 (hedged) ZAR 8.249 ZAR 7.188 ZAR 7.278 ZAR 9.155 Class B USD 11.664 USD 9.612 USD 9.141 USD 10.922 Class C USD 39.575 USD 32.593 USD 30.975 USD 36.971 Class D USD 44.426 USD 36.451 USD 34.383 USD 40.732 Class E USD 11.473 USD 9.429 USD 8.923 USD 10.605 Class J – USD 11.885 USD 11.245 USD 13.368 Asian Equity Income Fund Total net assets USD 641,194,280 USD 686,329,423 USD 329,522,174 USD 553,732,607 Net asset value per: Class A USD 13.044 USD 11.413 USD 10.711 USD 12.299

Class AADM (hedged) AUD 10.268 AUD 9.190 AUD 9.064 AUD 10.902

Class AADMC1 (hedged) AUD 9.450 AUD 8.500 AUD 8.468 AUD 10.288

Class ADM USD 9.313 USD 8.341 USD 8.208 USD 9.915

Class ADMC1 USD 9.471 USD 8.524 USD 8.472 USD 10.330

Class ANDMC1 (hedged) NZD 9.463 NZD 8.512 NZD 8.469 NZD 10.342

Class ARDMC1 (hedged) CNH 9.769 CNH 8.562 CNH 8.370 CNH 9.986

Class AS SGD 13.095 SGD 12.024 SGD 11.063 SGD 11.872

Class AS (hedged) SGD 10.969 SGD 9.612 SGD 9.048 SGD 10.378

Class ASDM SGD 10.066 SGD 9.461 SGD 9.127 SGD 10.304

Class AZDMC1 (hedged) ZAR 9.563 ZAR 8.588 ZAR 8.593 ZAR 10.374 Class B USD 11.707 USD 10.210 USD 9.516 USD 10.850 Class C USD 13.237 USD 11.537 USD 10.743 USD 12.239 Class D USD 14.647 USD 12.718 USD 11.754 USD 13.291

Class DDH USD 15.777 USD 14.009 USD 13.537 USD 16.174 Class R USD 11.768 USD 10.255 USD 9.547 USD 10.876

Class RDQ – – USD 8.398 USD 10.086 Asian High Yield Bond Fund Total net assets USD 184,343,882 USD 167,544,558 USD 146,379,805 USD 154,915,259 Net asset value per: Class A USD 13.036 USD 12.754 USD 11.485 USD 11.229

Class AADM (hedged) AUD 9.944 AUD 10.042 AUD 9.621 AUD 9.995

Class AADMC1 (hedged) AUD 9.464 AUD 9.607 AUD 9.296 AUD 9.754

Class ADM USD 9.647 USD 9.737 USD 9.361 USD 9.818

Class ADMC1 USD 9.323 USD 9.459 USD 9.187 USD 9.725

Class AE (hedged) EUR 12.628 EUR 12.454 EUR 11.355 EUR 11.143

Class AEDM (hedged) – – EUR 9.123 EUR 9.602

Class AF (hedged) CHF 12.203 CHF 12.070 CHF 11.067 CHF 11.051

Class AFDM (hedged) CHF 8.892 CHF 9.074 CHF 8.884 CHF 9.519

Class ANDM (hedged) NZD 9.705 NZD 9.784 NZD 9.370 NZD 9.653

Class ANDMC1 (hedged) NZD 9.594 NZD 9.720 NZD 9.402 NZD 9.784

Class ARDMC1 (hedged) CNH 9.995 CNH 9.854 CNH 9.416 CNH 9.749

Class ASDM SGD 10.551 SGD 11.175 SGD 10.533 SGD 10.325

Class ASDM (hedged) SGD 9.622 SGD 9.722 SGD 9.334 SGD 9.753

Class AZDMC1 (hedged) ZAR 10.005 ZAR 10.050 ZAR 9.527 ZAR 9.813 Class B USD 12.655 USD 12.328 USD 11.007 USD 10.663 Class C USD 13.530 USD 13.177 USD 11.758 USD 11.454 Class D USD 15.831 USD 15.370 USD 13.629 USD 13.127 Class R USD 12.551 USD 12.239 USD 10.942 USD 10.617

Class RDM – – USD 9.060 USD 9.429

Class RE (hedged) EUR 12.163 EUR 11.958 EUR 10.836 EUR 10.566

The accompanying notes form an integral part of these financial statements. 37 EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Asian Infrastructure Equity Fund Total net assets USD 36,337,203 USD 25,620,625 USD 24,866,574 USD 28,956,918 Net asset value per: Class A USD 9.301 USD 8.301 USD 8.018 USD 9.211 Class C USD 11.109 USD 9.852 USD 9.394 USD 10.653 Class J USD 11.669 USD 10.325 USD 9.807 – Asian Local Bond Fund Total net assets USD 2,512,894,454 USD 2,047,058,231 USD 2,105,214,418 USD 938,734,744 Net asset value per: Class A USD 13.429 USD 12.678 USD 12.356 USD 13.035

Class AADM (hedged) AUD 8.663 AUD 8.344 AUD 8.502 AUD 9.319

Class ADM USD 9.953 USD 9.573 USD 9.687 USD 10.611

Class AE (hedged) EUR 10.004 EUR 9.536 EUR 9.457 EUR 10.015

Class AEDM (hedged) – – EUR 8.306 EUR 9.135

Class AF (hedged) CHF 9.732 CHF 9.297 CHF 9.259 CHF 9.929

Class AFDM (hedged) CHF 8.081 CHF 7.864 CHF 8.130 CHF 9.055

Class AH – – HKD 9.689 HKD 10.223

Class ANDM (hedged) NZD 9.605 NZD 9.256 NZD 9.430 NZD 10.289

Class ARDMC1 (hedged) CNH 9.446 CNH 8.939 CNH 9.068 CNH 9.902

Class AS SGD 12.042 SGD 11.930 SGD 11.400 SGD 11.241

Class ASDM SGD 9.968 SGD 10.060 SGD 9.979 SGD 10.219

Class AZDM (hedged) ZAR 8.808 ZAR 8.418 ZAR 8.401 ZAR 9.033 Class B USD 10.264 USD 9.640 USD 9.310 USD 9.730 Class C USD 10.968 USD 10.300 USD 9.957 USD 10.397 Class D USD 16.816 USD 15.754 USD 15.119 USD 15.708 Class E USD 10.332 USD 9.679 – –

Class EDY USD 10.192 USD 9.909 USD 9.931 USD 10.778 Class F USD 10.656 USD 10.017 USD 9.684 USD 10.125 Class R USD 10.186 USD 9.581 USD 9.274 USD 9.714

Class RDM – – USD 8.311 USD 9.040

Class RE (hedged) EUR 9.768 EUR 9.283 EUR 9.149 EUR 9.629 Asian Low Volatility Equity Fund Total net assets USD 267,322,971 USD 206,190,440 – – Net asset value per: Class A USD 11.243 USD 9.832 – –

Class ADM USD 10.293 USD 9.184 – –

Class ASDM SGD 10.339 SGD 9.675 – –

Class ASDM (hedged) SGD 10.257 SGD 9.165 – – Class C* USD 10.930 – – – Class D USD 10.686 USD 9.263 – – Asian Property Securities Fund Total net assets USD 8,434,630 USD 6,858,908 USD 7,338,034 USD 13,903,311 Net asset value per: Class A USD 12.619 USD 10.787 USD 10.763 USD 11.104

Class AS SGD 11.946 SGD 10.715 SGD 10.484 SGD 10.114

Class ASDQ SGD 8.357 SGD 7.650 SGD 7.779 SGD 7.820 Class D USD 15.176 USD 12.842 USD 12.559 USD 12.702

* New share class launched, see Appendix 1.

38 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 China Equity Fund Total net assets USD 319,607,750 USD 238,659,783 USD 258,825,947 USD 353,564,122 Net asset value per: Class A USD 13.341 USD 11.392 USD 11.677 USD 12.606

Class AADMC1 (hedged) AUD 8.829 AUD 7.711 AUD 8.332 AUD 9.466

Class ADM USD 9.990 USD 8.668 USD 9.199 USD 10.332

Class ADMC1 USD 8.909 USD 7.774 USD 8.336 USD 9.463

Class AE EUR 13.486 EUR 12.472 EUR 12.388 EUR 12.001

Class AH HKD 10.417 HKD 8.835 HKD 9.051 HKD 9.780

Class AHDM HKD 9.316 HKD 8.033 HKD 8.516 –

Class ANDMC1 (hedged) NZD 8.745 NZD 7.651 NZD 8.258 NZD 9.505

Class AR (hedged) CNH 12.126 CNH 10.085 CNH 10.162 CNH 10.647

Class AS SGD 11.376 SGD 10.192 SGD 10.241 SGD 10.333

Class AZDMC1 (hedged) ZAR 8.928 ZAR 7.767 ZAR 8.411 ZAR 9.489 Class B USD 12.658 USD 10.743 USD 10.878 USD 11.604 Class C USD 11.965 USD 10.179 USD 10.299 USD 10.977

Class CE EUR 14.385 EUR 13.214 EUR 12.954 EUR 12.384 Class D USD 34.945 USD 29.536 USD 29.661 USD 31.374 Class J USD 15.699 USD 13.284 USD 13.370 USD 14.175 Class R USD 11.358 USD 9.660 USD 9.822 USD 10.517 Developed and Emerging Asia Equity Fund Total net assets USD 3,301,310,132 USD 2,897,015,163 USD 2,391,406,526 USD 2,889,514,558 Net asset value per: Class D – – USD 7.902 USD 9.138 Class E USD 13.499 USD 11.398 – –

Class EDY USD 12.842 USD 10.843 – – Dragon Peacock Fund Total net assets USD 137,423,377 USD 102,637,880 USD 116,213,973 USD 123,040,808 Net asset value per: Class A USD 23.595 USD 19.206 USD 18.618 USD 19.859

Class AH HKD 11.738 HKD 9.492 HKD 9.196 HKD 9.816 Class D USD 37.268 USD 29.993 USD 28.416 USD 29.625 Emerging Europe, Middle East and Africa Dynamic Fund Total net assets USD 206,992,218 USD 305,348,931 USD 357,287,064 USD 416,801,170 Net asset value per: Class A USD 6.757 USD 6.543 USD 5.400 USD 6.882 Class D USD 8.091 USD 7.736 USD 6.231 USD 7.746 European Investment Grade Bond Fund Total net assets EUR 590,597,807 EUR 500,992,168 EUR 203,121,353 EUR 113,759,431 Net asset value per:

Class AE EUR 14.339 EUR 14.249 EUR 13.517 EUR 13.858

Class AEDM EUR 12.039 EUR 12.104 EUR 11.754 EUR 12.333

Class DE EUR 17.240 EUR 17.009 EUR 15.905 EUR 16.075 Global Bond Navigator Fund Total net assets USD 13,494,792 USD 12,221,811 USD 12,265,473 USD 62,609,036 Net asset value per: Class A USD 11.164 USD 10.741 USD 10.315 USD 10.977 Class D USD 12.654 USD 12.053 USD 11.361 USD 11.877

Class DDQ – – – USD 9.884

The accompanying notes form an integral part of these financial statements. 39 EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Global Emerging Markets Bond Fund Total net assets USD 954,818,001 USD 859,464,704 USD 764,889,886 USD 535,327,852 Net asset value per: Class A USD 12.590 USD 11.932 USD 11.038 USD 11.211

Class AADM (hedged) AUD 8.482 AUD 8.262 AUD 8.105 AUD 8.732

Class AADMC1 (hedged) AUD 9.077 AUD 8.884 AUD 8.805 AUD 9.616

Class ADM USD 8.758 USD 8.508 USD 8.273 USD 8.859

Class ADMC1 USD 9.258 USD 9.038 USD 8.876 USD 9.624

Class ANDMC1 (hedged) NZD 9.195 NZD 8.988 NZD 8.900 NZD 9.644

Class ARDMC1 (hedged) CNH 10.196 CNH 9.705 CNH 9.346 CNH 9.871

Class AZ (hedged) ZAR 13.366 ZAR 12.320 ZAR 10.763 ZAR 10.296

Class AZDM (hedged) ZAR 10.404 ZAR 10.047 ZAR 9.645 ZAR 10.147

Class AZDMC1 (hedged) ZAR 9.724 ZAR 9.436 ZAR 9.149 ZAR 9.747 Class D USD 14.218 USD 13.373 USD 12.182 USD 12.189 Global Emerging Markets Customized Equity Fund(1) Total net assets USD 2,180,671,931 USD 98,015,036 USD 85,673,711 USD 99,086,095 Net asset value per: Class D – – USD 8.476 USD 9.803 Class E USD 13.562 USD 11.783 – – Global Emerging Markets Dynamic Fund Total net assets USD 461,234,464 USD 1,727,981,498 USD 455,758,078 USD 476,788,238 Net asset value per: Class A USD 9.546 USD 8.571 USD 7.259 USD 8.821

Class AS SGD 10.544 SGD 9.933 SGD 8.246 SGD 9.359 Class C* USD 10.691 – – – Class D USD 10.569 USD 9.402 USD 7.824 USD 9.343 Class E USD 13.313 USD 11.845 – – Global Equity Navigator Fund Total net assets USD 98,552,714 USD 90,883,825 USD 82,547,470 USD 83,815,591 Net asset value per: Class A USD 13.535 USD 12.609 USD 11.685 USD 12.109 Class D USD 15.300 USD 14.110 USD 12.815 USD 13.012 Global Low Volatility Equity Fund Total net assets USD 128,769,729 USD 118,407,490 USD 103,388,585 – Net asset value per: Class A* USD 10.337 – – –

Class ADMC1* USD 10.279 – – –

Class As SGD 11.333 SGD 10.842 – – Class D USD 12.397 USD 11.200 USD 10.339 – Global Market Navigator Fund Total net assets USD 166,340,000 USD 152,149,737 USD 13,175,295 USD 11,129,293 Net asset value per: Class A USD 12.603 USD 11.917 USD 11.230 USD 11.668

Class AADMC1 (hedged) AUD 9.148 AUD 8.914 AUD 8.940 AUD 9.853

Class ADMC1 USD 9.186 USD 8.948 USD 8.953 USD 9.876

Class ANDMC1 (hedged) NZD 9.448 NZD 9.195 NZD 9.178 NZD 10.000

Class AS* SGD 9.976 – – –

Class AS (hedged)* SGD 10.145 – – –

Class ASDMC1 (hedged) SGD 9.157 SGD 8.933 SGD 8.920 SGD 9.818 Class C USD 13.901 USD 13.090 USD 12.239 USD 12.616 Class D USD 14.679 USD 13.776 USD 12.784 USD 13.080

Class DJDQ – – JPY 1,240 JPY 1.286

(1) Sub-Fund changed its name, see Note 1. * New share class launched, see Appendix 1.

40 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Global Multi Asset Income Plus Growth Fund Total net assets USD 145,982,318 USD 137,151,924 – – Net asset value per:

Class ADM USD 10.814 USD 10.237 – – Class D USD 11.759 USD 11.048 – – Global Technology Fund Total net assets USD 125,713,899 USD 93,378,307 USD 91,200,845 USD 91,081,490 Net asset value per: Class A USD 24.021 USD 19.746 USD 18.766 USD 18.136

Class CS SGD 13.609 SGD 11.657 SGD 10.709 SGD 9.537 Greater China Equity Fund Total net assets USD 140,411,207 USD 118,450,299 USD 112,771,449 USD 130,604,878 Net asset value per: Class A USD 23.443 USD 19.317 USD 18.423 USD 20.336

Class AH HKD 11.543 HKD 9.449 HKD 9.007 HKD 9.949 Class C USD 36.815 USD 30.142 USD 28.381 USD 30.926 Class D USD 13.022 USD 10.622 USD 9.927 USD 10.736 Hong Kong Equity Fund Total net assets USD 1,251,550,856 USD 898,275,811 USD 585,203,395 USD 589,123,542 Net asset value per: Class A USD 13.974 USD 11.866 USD 11.538 USD 12.266

Class AH HKD 12.558 HKD 10.593 HKD 10.295 HKD 10.952 Class D USD 24.192 USD 20.335 USD 19.375 USD 20.182 India Discovery Fund Total net assets USD 3,349,139 USD 1,392,833 – – Net asset value per: Class A USD 11.193 USD 9.429 – –

Class AS SGD 11.422 SGD 10.095 – –

Class AS (hedged) SGD 11.126 SGD 9.403 – – Class C USD 10.873 USD 9.110 – – Class R USD 11.285 USD 9.466 – – India Equity Fund Total net assets USD 168,543,470 USD 149,757,859 USD 158,172,552 USD 164,410,215 Net asset value per: Class A USD 13.376 USD 11.253 USD 11.132 USD 12.020

Class AS SGD 15.648 SGD 13.814 SGD 13.397 SGD 13.522 Class B USD 14.765 USD 12.347 USD 12.077 USD 12.891 Class C USD 16.152 USD 13.509 USD 13.198 USD 14.067 Class D USD 30.592 USD 25.474 USD 24.693 USD 26.126 Class J USD 15.735 USD 13.117 USD 12.744 USD 13.513 Class R USD 14.404 USD 12.067 USD 11.839 USD 12.676 Indonesia Equity Fund Total net assets USD 193,458,590 USD 193,905,361 USD 192,386,729 USD 320,811,063 Net asset value per: Class A USD 17.226 USD 15.223 USD 13.528 USD 17.442

Class AS SGD 11.090 SGD 10.184 SGD 8.870 SGD 10.678 Class B USD 9.702 USD 8.524 USD 7.484 USD 9.537 Class C USD 10.232 USD 8.988 USD 7.888 USD 10.044 Class D – USD 8.750 USD 7.619 USD 9.625 Class J USD 20.251 USD 17.742 USD 15.483 USD 19.614

The accompanying notes form an integral part of these financial statements. 41 EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Japan Dynamic Fund Total net assets JPY 352,101,986,914 JPY 261,148,633,387 JPY 250,925,118,481 JPY 67,843,961,998 Net asset value per: Class A USD 15.367 USD 14.023 USD 12.678 USD 11.365 Class A (hedged) USD 15.318 USD 14.554 USD 13.796 USD 12.187

Class AA (hedged) AUD 10.247 AUD 9.692 AUD 9.061 –

Class AE EUR 14.357 EUR 14.189 EUR 12.381 EUR 9.957

Class AE (hedged) EUR 12.745 EUR 12.213 EUR 11.575 EUR 10.155

Class AF CHF 11.395 CHF 11.056 CHF 9.732 –

Class AF (hedged) CHF 9.907 CHF 9.511 CHF 9.099 –

Class AG (hedged) GBP 12.206 GBP 11.672 GBP 11.167 –

Class AJ JPY 1,292 JPY 1,227 JPY 1,146 JPY 1,015

Class AN (hedged) NZD 10.165 NZD 9.639 NZD 9.081 –

Class AS SGD 14.000 SGD 13.405 SGD 11.877 SGD 9.944

Class AS (hedged) SGD 15.638 SGD 14.836 SGD 13.854 SGD 12.196

Class AZ (hedged) ZAR 11.116 ZAR 10.278 ZAR 9.231 – Class B USD 18.616 USD 16.958 USD 15.277 USD 13.649 Class C USD 19.057 USD 17.321 USD 15.534 USD 13.816 Class C (hedged) USD 11.396 USD 10.785 USD 10.143 –

Class CDY USD 13.126 USD 12.173 USD 10.922 –

Class CE EUR 14.651 EUR 14.423 EUR 12.495 EUR 9.970

Class CE (hedged) EUR 13.050 EUR 12.453 EUR 11.683 EUR 10.168

Class CG GBP 13.897 GBP 13.239 GBP 9.914 –

Class CJ JPY 1,047 JPY 991 JPY 918 – Class D USD 17.552 USD 15.893 USD 14.147 USD 12.489 Class R USD 18.734 USD 17.031 USD 15.280 USD 13.597 Class R (hedged) USD 12.604 USD 11.931 USD 11.225 USD 9.842

Class RE EUR 14.633 EUR 14.408 EUR 12.487 EUR 9.969

Class RE (hedged) EUR 13.012 EUR 12.422 EUR 11.678 EUR 10.167

Class RG GBP 13.608 GBP 12.966 GBP 9.713 –

Class RG (hedged) GBP 12.411 GBP 11.822 GBP 11.220 GBP 9.841

Class RJ JPY 1,177 JPY 1,114 JPY 1,032 – Japan Equity Fund Total net assets JPY 34,198,757,196 JPY 32,217,788,804 JPY 28,819,342,887 JPY 19,363,944,426 Net asset value per: Class A USD 12.444 USD 11.550 USD 11.069 USD 9.984

Class AADMC1 (hedged) AUD 9.432 AUD 9.196 AUD 9.454 –

Class ADMC1 (hedged) USD 9.269 USD 9.090 USD 9.459 –

Class AJ JPY 1,198 JPY 1,156 JPY 1,144 JPY 1,020

Class ANDMC1 (hedged) NZD 9.342 NZD 9.160 NZD 9.451 –

Class AZDMC1 (hedged) ZAR 9.593 ZAR 9.320 ZAR 9.525 –

Class DJ JPY 1,383 JPY 1,322 JPY 1,283 JPY 1,120

Class EDY USD 11.112 USD 10.377 USD 9.933 USD 8.933 Japan Fundamental Value Fund Total net assets JPY 56,668,873,458 JPY 60,146,634,789 JPY 36,553,476,385 JPY 27,013,564,541 Net asset value per:

Class AE EUR 10.511 EUR 10.437 EUR 9.434 –

Class AF CHF 10.992 CHF 10.718 CHF 9.769 –

Class AF (hedged) CHF 9.574 CHF 9.231 CHF 9.133 – Class C* USD 10.526 – – – Class D USD 15.046 USD 13.658 USD 12.525 USD 10.979

Class RG GBP 13.398 GBP 12.829 GBP 9.950 –

* New share class launched, see Appendix 1.

42 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 Japan Smaller Companies Fund Total net assets JPY 28,511,135,754 JPY 24,890,432,540 JPY 19,325,987,377 JPY 8,868,561,408 Net asset value per: Class A USD 27.223 USD 24.209 USD 20.810 USD 19.068

Class BJ JPY 1,547 JPY 1,426 JPY 1,255 JPY 1,124 Class C* USD 10.881 – – –

Class CG GBP 15.048 GBP 13.955 GBP 9.902 –

Class CJ JPY 2,882 JPY 2,654 JPY 2,330 JPY 2,084 Class D USD 13.414 USD 11.816 – –

Class EDY USD 27.475 USD 24.642 USD 21.104 USD 19.225

Class RG GBP 14.970 GBP 13.903 GBP 9.887 –

Class RJ JPY 1,161 JPY 1,071 JPY 942 – Latin American Equity Fund Total net assets USD 42,511,708 USD 98,567,237 USD 184,223,391 USD 316,947,802 Net asset value per: Class A USD 4.402 USD 4.229 USD 3.085 USD 5.110 Class D USD 5.700 USD 5.422 USD 3.876 USD 6.290

Class EDY – – USD 2.968 USD 5.006 Malaysia Equity Fund Total net assets USD 7,360,575 USD 7,247,554 USD 7,828,993 USD 9,882,404 Net asset value per: Class A USD 10.930 USD 9.576 USD 10.191 USD 13.106 Class J USD 12.820 USD 11.098 USD 11.614 USD 14.702 North American Value Fund Total net assets USD 3,024,931,098 USD 2,602,132,930 USD 1,691,857,314 USD 1,495,864,848 Net asset value per: Class A USD 12.916 USD 12.788 USD 10.775 USD 12.159

Class AADMC1 (hedged) AUD 9.917 AUD 9.958 AUD 8.704 AUD 10.078

Class ADMC1 USD 9.970 USD 10.015 USD 8.693 USD 10.075

Class ANDMC1 (hedged) NZD 9.836 NZD 9.902 NZD 8.698 NZD 10.076

Class AS SGD 13.860 SGD 14.395 SGD 11.891 SGD 12.542

Class AZDMC1 (hedged) ZAR 10.051 ZAR 10.131 ZAR 8.794 ZAR 10.078 Class D USD 15.508 USD 15.194 USD 12.546 USD 13.872 Pan European Fund Total net assets USD 49,687,477 USD 39,892,876 USD 47,694,509 USD 44,822,297 Net asset value per: Class A USD 15.758 USD 13.392 USD 13.641 USD 13.288

Class CS SGD 16.052 SGD 14.248 SGD 14.095 SGD 12.713 Philippines Equity Fund Total net assets USD 48,260,575 USD 45,643,841 USD 65,046,349 USD 163,686,010 Net asset value per: Class A USD 18.561 USD 16.459 USD 17.847 USD 19.907

Class AS SGD 11.937 SGD 11.161 SGD 11.775 SGD 12.314 Class B USD 10.259 USD 9.046 USD 9.699 USD 10.690 Class C USD 9.431 USD 8.311 USD 8.898 – Class J USD 21.766 USD 19.112 USD 20.358 USD 22.315

Class JJ JPY 11,293 JPY 10,381 JPY 11,432 JPY 12,574 Thailand Equity Fund Total net assets USD 15,701,656 USD 15,627,487 USD 14,180,728 USD 20,571,700 Net asset value per: Class A USD 19.407 USD 17.408 USD 14.396 USD 19.052 Class J USD 22.931 USD 20.352 USD 16.514 USD 21.455

* New share class launched, see Appendix 1.

The accompanying notes form an integral part of these financial statements. 43 EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 US Bond Fund Total net assets USD 49,441,033 USD 55,301,396 USD 51,569,272 USD 100,847,018 Net asset value per: Class A USD 13.702 USD 13.375 USD 13.175 USD 13.311

Class AADM (hedged) AUD 9.285 AUD 9.184 AUD 9.316 AUD 9.656

Class ADM USD 9.581 USD 9.468 USD 9.564 USD 9.907 Class C USD 14.907 USD 14.475 USD 14.113 USD 14.111 Class D USD 15.726 USD 15.233 USD 14.777 USD 14.701

Class DDQ – – USD 12.058 USD 12.336

Class EDY USD 11.659 USD 11.583 USD 11.555 USD 11.809 US Corporate Bond Fund Total net assets USD 4,996,712,710 USD 4,328,049,633 USD 4,328,357,639 USD 4,721,989,572 Net asset value per: Class A USD 12.848 USD 12.451 USD 11.898 USD 12.171

Class AADM (hedged) AUD 9.816 AUD 9.668 AUD 9.551 AUD 10.028

Class AADMC1 (hedged) AUD 9.476 AUD 9.356 AUD 9.290 AUD 9.804

Class ADM USD 10.718 USD 10.542 USD 10.381 USD 10.943

Class ADMC1 USD 9.348 USD 9.217 USD 9.123 USD 9.667

Class AE (hedged) EUR 10.902 EUR 10.658 EUR 10.329 EUR 10.597

Class AEDM (hedged) EUR 9.379 EUR 9.310 EUR 9.298 EUR 9.829

Class AF (hedged) CHF 10.603 CHF 10.395 CHF 10.136 CHF 10.501

Class AFDM (hedged) CHF 9.122 CHF 9.078 CHF 9.121 CHF 9.739

Class ANDM (hedged) NZD 10.520 NZD 10.366 NZD 10.248 NZD 10.698

Class ANDMC1 (hedged) NZD 10.331 NZD 10.204 NZD 10.139 NZD 10.636

Class ARDMC1 (hedged) CNH 10.213 CNH 9.874 CNH 9.682 CNH 10.110

Class ASDM (hedged) SGD 9.805 SGD 9.652 SGD 9.492 SGD 9.933

Class AZDM (hedged) ZAR 10.428 ZAR 10.166 ZAR 9.788 ZAR 10.090

Class AZDMC1 (hedged) ZAR 10.212 ZAR 9.981 ZAR 9.657 ZAR 10.006 Class B USD 11.479 USD 11.074 USD 10.486 USD 10.632 Class C USD 11.790 USD 11.366 USD 10.750 USD 10.901

Class CDY USD 3.597 USD 3.564 USD 11.035 USD 11.475

Class CE EUR 11.742 EUR 12.254 EUR 11.223 EUR 10.187

Class CE (hedged) EUR 10.606 EUR 10.319 EUR 9.897 –

Class CG GBP 13.149 GBP 13.287 GBP 10.511 GBP 10.111

Class CG (hedged) GBP 10.825 GBP 10.494 GBP 9.937 –

Class CGDY (hedged)* GBP 10.227 – – – Class D USD 18.225 USD 17.526 USD 16.494 USD 16.616

Class DDQ – – USD 10.461 USD 10.877 Class E USD 10.490 USD 10.087 – – Class G USD 11.249 USD 10.868 USD 10.323 USD 10.499

Class GDM USD 9.876 USD 9.680 USD 9.472 USD 9.915

Class GEDM (hedged) EUR 9.566 EUR 9.467 EUR 9.396 EUR 9.874

Class GFDM (hedged) CHF 9.309 CHF 9.236 CHF 9.223 CHF 9.792 Class R USD 11.340 USD 10.941 USD 10.365 USD 10.512

Class RDM USD 9.930 USD 9.725 USD 9.490 USD 9.918

Class RE (hedged) EUR 11.012 EUR 10.722 EUR 10.301 EUR 10.477

Class REDM (hedged) EUR 9.522 EUR 9.411 EUR 9.319 –

Class RGDM (hedged) GBP 10.031 GBP 9.878 GBP 9.654 GBP 10.057 US Equity Income Fund(2) Total net assets USD 50,062,908 – – – Net asset value per:

Class EGDM* GBP 9.998 – – –

(2) New Sub-Fund launched, see Note 1. * New share class launched, see Appendix 1.

44 The accompanying notes form an integral part of these financial statements. EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 US High Investment Grade Bond Fund Total net assets USD 221,280,679 USD 209,356,745 USD 247,733,076 USD 244,586,481 Net asset value per: Class A USD 14.221 USD 13.892 USD 13.604 USD 13.652

Class ADM USD 11.161 USD 11.040 USD 11.084 USD 11.401

Class ADQ USD 10.025 USD 9.917 USD 9.947 USD 10.222

Class AS SGD 12.909 SGD 13.233 SGD 12.702 SGD 11.911 Class C USD 19.183 USD 18.643 USD 18.067 USD 17.939 Class D USD 17.219 USD 16.693 USD 16.096 USD 15.903 US High Yield Bond Fund Total net assets USD 1,859,057,082 USD 1,814,456,843 USD 1,758,139,649 USD 2,399,599,497 Net asset value per: Class A USD 16.332 USD 15.740 USD 13.541 USD 14.921

Class AADM (hedged) AUD 8.919 AUD 8.897 AUD 8.199 AUD 9.667

Class AADMC1 (hedged) AUD 8.253 AUD 8.295 AUD 7.721 AUD 9.196

Class ADM USD 10.562 USD 10.521 USD 9.627 USD 11.328

Class ADMC1 USD 8.323 USD 8.347 USD 7.715 USD 9.171

Class AEDM (hedged) – – EUR 7.679 EUR 9.081

Class AFDM (hedged) CHF 8.028 CHF 8.092 CHF 7.521 CHF 9.025

Class ANDM (hedged) NZD 9.014 NZD 8.989 NZD 8.256 NZD 9.614

Class ANDMC1 (hedged) NZD 8.478 NZD 8.498 NZD 7.884 NZD 9.273

Class ARDMC1 (hedged) CNH 9.163 CNH 8.974 CNH 8.183 CNH 9.540

Class AS SGD 14.327 SGD 14.491 SGD 12.213 SGD 12.570

Class AZDM (hedged) ZAR 8.489 ZAR 8.452 ZAR 7.771 ZAR 9.162

Class AZDMC1 (hedged) ZAR 8.420 ZAR 8.440 ZAR 7.839 ZAR 9.336 Class B USD 12.049 USD 11.560 USD 9.864 USD 10.774 Class C USD 25.060 USD 24.043 USD 20.499 USD 22.384 Class D USD 19.650 USD 18.793 USD 15.923 USD 17.279 Class E USD 11.503 USD 11.001 – – Class R USD 11.642 USD 11.185 USD 9.560 USD 10.459

Class RDM – – USD 7.915 USD 9.247

Class RE (hedged) – – EUR 9.450 EUR 10.403 US Investment Grade Bond Fund Total net assets USD 487,080,524 USD 421,236,801 USD 344,312,565 USD 392,965,102 Net asset value per: Class A USD 17.636 USD 16.988 USD 16.038 USD 16.542

Class AADM (hedged) AUD 9.896 AUD 9.712 AUD 9.540 AUD 10.149

Class ACDM (hedged) – – CAD 9.354 CAD 9.956

Class ADM USD 12.328 USD 12.084 USD 11.814 USD 12.620

Class ADQ USD 13.406 USD 13.139 USD 12.841 USD 13.718

Class AE (hedged) EUR 11.353 EUR 11.042 EUR 10.490 EUR 10.853

Class AEDM (hedged) – – EUR 9.278 EUR 9.940

Class AF (hedged) CHF 10.970 CHF 10.694 CHF 10.289 CHF 10.760

Class AFDM (hedged) CHF 9.204 CHF 9.130 CHF 9.097 CHF 9.853

Class AGDM (hedged) – – GBP 9.288 GBP 9.879

Class AHDM – – HKD 9.242 HKD 9.869

Class ANDM (hedged) – – NZD 9.429 NZD 9.970

Class AS SGD 16.904 SGD 17.089 SGD 15.816 SGD 15.245

Class AZDM (hedged) ZAR 10.212 ZAR 9.926 ZAR 9.418 – Class B USD 11.735 USD 11.247 USD 10.514 USD 10.736 Class C USD 12.266 USD 11.756 USD 10.984 USD 11.211 Class D USD 21.003 USD 20.079 USD 18.667 USD 18.959

Class JJDM (hedged) JPY 997 JPY 978 – – Class R USD 11.579 USD 11.112 USD 10.419 USD 10.666

Class RDM – – USD 9.399 USD 9.966

Class RE (hedged) EUR 11.266 EUR 10.923 EUR 10.323 EUR 10.611

The accompanying notes form an integral part of these financial statements. 45 EASTSPRING INVESTMENTS

Statistics (continued)

30 June 2017 31 December 2016 31 December 2015 31 December 2014 US Strategic Income Bond Fund Total net assets USD 54,610,767 USD 52,519,682 USD 47,734,423 – Net asset value per: Class D USD 10.922 USD 10.504 USD 9.547 – US Total Return Bond Fund Total net assets USD 54,037,822 USD 52,438,257 USD 49,432,230 – Net asset value per: Class D USD 10.808 USD 10.488 USD 9.886 – Vietnam Equity Fund Total net assets USD 2,587,044 USD 2,394,437 USD 2,582,502 USD 3,191,655 Net asset value per: Class J USD 10.279 USD 8.806 USD 7.486 USD 6.787 World Value Equity Fund Total net assets USD 380,069,438 USD 366,922,717 USD 330,200,473 USD 421,228,554 Net asset value per: Class A USD 19.474 USD 18.407 USD 16.361 USD 17.504

Class AADM (hedged) AUD 10.729 AUD 10.250 AUD 9.359 AUD 10.201

Class AADMC1 (hedged) AUD 10.392 AUD 9.975 AUD 9.195 AUD 10.124

Class ADM USD 10.794 USD 10.303 USD 9.338 USD 10.190

Class ADMC1 USD 10.439 USD 10.014 USD 9.171 USD 10.112

Class ANDMC1 (hedged) NZD 10.490 NZD 10.087 NZD 9.292 NZD 10.188

Class AS (hedged) SGD 10.604 SGD 10.025 SGD 8.910 SGD 9.517

Class ASDM (hedged) SGD 9.998 SGD 9.549 SGD 8.659 SGD 9.434

Class AZ (hedged) ZAR 12.935 ZAR 11.889 ZAR 10.160 ZAR 10.302

Class AZDMC1 (hedged) ZAR 10.581 ZAR 10.104 ZAR 9.321 ZAR 10.190 Class C USD 22.936 USD 21.540 USD 18.901 USD 19.964 Class D USD 24.789 USD 23.192 USD 20.200 USD 21.175

46 The accompanying notes form an integral part of these financial statements. Eastspring Investments – Asia Pacific Equity Fund(*) Statement of Investments (“Asia Pacific Equity Fund”)

EASTSPRING INVESTMENTS

ASIA PACIFIC EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Australia Australia & New Zealand Banking Group Ltd 1,389,108 AUD 31,077,429 30,671,054 3.22 BHP Billiton Ltd 1,154,493 AUD 24,386,604 20,662,484 2.18 National Australia Bank Ltd 747,578 AUD 17,977,732 17,006,296 1.79 Nine Entertainment Co Holdings Ltd 7,778,214 AUD 8,889,671 8,252,152 0.87 Origin Energy Ltd 1,462,683 AUD 8,777,949 7,714,052 0.81 Qantas Airways Ltd 3,538,657 AUD 8,558,554 15,561,188 1.64 QBE Insurance Group Ltd 1,834,198 AUD 16,887,212 16,653,455 1.76 Telstra Corp Ltd 1,447,370 AUD 4,726,719 4,784,717 0.50 Westfield Corp (REIT) 939,662 AUD 6,921,079 5,800,901 0.61 Whitehaven Coal Ltd 6,986,255 AUD 12,078,886 15,414,682 1.63 Woodside Petroleum Ltd 490,376 AUD 13,540,182 11,260,889 1.19 153,822,017 153,781,870 16.20

Bermuda Jardine Matheson Holdings Ltd 176,133 USD 10,110,424 11,307,739 1.19 Kunlun Energy Co Ltd 10,748,000 HKD 9,447,574 9,114,734 0.96 Noble Group Ltd 14,914,905 SGD 39,645,436 5,038,566 0.53 59,203,434 25,461,039 2.68

British Virgin Islands Hollysys Automation Technologies Ltd 349,000 USD 6,862,806 5,744,540 0.61

Cayman Islands Baidu Inc ADR 155,800 USD 27,692,482 27,861,714 2.94 China Resources Cement Holdings Ltd 12,368,000 HKD 4,663,609 6,147,373 0.65 CK Hutchison Holdings Ltd 1,522,000 HKD 18,397,132 19,107,290 2.01 Hengan International Group Co Ltd 747,500 HKD 6,852,227 5,515,591 0.58 Parkson Retail Group Ltd 23,548,000 HKD 7,038,961 3,770,704 0.40 Sands China Ltd 1,486,000 HKD 6,230,023 6,805,393 0.72 Tencent Holdings Ltd 956,800 HKD 20,250,947 34,221,176 3.60 Tingyi Cayman Islands Holding Corp 12,286,000 HKD 14,755,736 14,574,037 1.54 Vipshop Holdings Ltd ADR 348,200 USD 4,551,277 3,661,323 0.39 110,432,394 121,664,601 12.83

China Bank of China Ltd ‘H’ 36,541,000 HKD 16,893,431 17,928,236 1.89 China Construction Bank Corp ‘H’ 46,249,000 HKD 35,028,318 35,843,969 3.78 China Merchants Bank Co Ltd ‘H’ 8,160,669 HKD 18,637,965 24,619,262 2.60 Dongfeng Motor Group Co Ltd ‘H’ 7,802,000 HKD 9,511,973 9,224,992 0.97 Guangzhou R&F Properties Co Ltd ‘H’ 3,604,400 HKD 6,080,690 5,605,444 0.59 86,152,377 93,221,903 9.83

Hong Kong BOC Hong Kong Holdings Ltd 1,730,500 HKD 5,891,228 8,279,814 0.87 China Merchants Port Holdings Co Ltd 4,476,508 HKD 13,683,752 12,415,255 1.31 China Mobile Ltd 1,815,500 HKD 21,797,040 19,268,465 2.03 China Overseas Land & Investment Ltd 3,800,000 HKD 11,689,594 11,123,159 1.17 Sino Land Co Ltd 4,433,266 HKD 6,906,974 7,269,292 0.77 Sun Hung Kai Properties Ltd 1,346,044 HKD 17,806,884 19,777,940 2.08 Wharf Holdings Ltd/The 1,265,000 HKD 8,906,324 10,484,631 1.11 86,681,796 88,618,556 9.34

47 EASTSPRING INVESTMENTS

ASIA PACIFIC EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India Axis Bank Ltd 789,023 INR 5,307,472 6,315,238 0.67 Indiabulls Housing Finance Ltd 817,549 INR 9,218,211 13,611,381 1.43 Infosys Ltd 1,439,177 INR 22,245,864 20,830,360 2.20 Rural Electrification Corp Ltd 3,136,958 INR 6,194,645 8,345,002 0.88 42,966,192 49,101,981 5.18

Indonesia Bank Negara Indonesia Persero Tbk PT 31,479,100 IDR 12,616,591 15,588,974 1.65 Perusahaan Gas Negara Persero Tbk PT 43,791,900 IDR 8,666,819 7,393,117 0.78 Salim Ivomas Pratama Tbk PT 159,731,690 IDR 9,153,788 6,591,816 0.69 30,437,198 29,573,907 3.12

Malaysia CIMB Group Holdings Bhd 8,452,346 MYR 10,997,713 12,956,198 1.37 Genting Malaysia Bhd 7,941,000 MYR 9,232,986 10,174,482 1.07 20,230,699 23,130,680 2.44

Singapore CapitaLand Ltd 3,116,100 SGD 7,317,917 7,923,425 0.84 DBS Group Holdings Ltd 1,421,885 SGD 17,433,150 21,424,304 2.25 Oversea-Chinese Banking Corp Ltd 2,269,000 SGD 16,170,805 17,786,456 1.88 40,921,872 47,134,185 4.97

South Korea Hana Financial Group Inc 400,274 KRW 11,716,999 15,830,440 1.67 Hyundai Motor Co 203,794 KRW 30,020,410 28,409,860 2.99 Hyundai Steel Co 294,300 KRW 14,444,228 15,999,178 1.69 Korea Electric Power Corp 325,877 KRW 13,949,658 11,620,662 1.23 KT Corp 473,349 KRW 13,783,646 13,487,022 1.42 LG Corp 203,252 KRW 11,212,985 13,731,922 1.45 Samsung Electronics Co Ltd 17,137 KRW 21,552,186 35,602,540 3.75 116,680,112 134,681,624 14.20

Taiwan Asustek Computer Inc 632,000 TWD 6,204,778 5,973,048 0.63 Catcher Technology Co Ltd 2,204,000 TWD 17,005,284 26,336,443 2.78 Compal Electronics Inc 5,654,000 TWD 3,761,282 3,810,226 0.40 CTBC Financial Holding Co Ltd 19,802,000 TWD 12,248,564 12,986,528 1.37 Hon Hai Precision Industry Co Ltd 7,972,290 TWD 18,912,230 30,662,677 3.23 Taiwan Semiconductor Manufacturing Co Ltd 7,711,000 TWD 35,838,567 52,851,568 5.57 93,970,705 132,620,490 13.98

Thailand Kasikornbank PCL (Foreign Market) 1,627,500 THB 7,832,640 9,558,035 1.01

United Kingdom Standard Chartered Plc 1,878,546 HKD 19,568,276 18,914,843 1.99

Total Shares 875,762,518 933,208,254 98.38

Total Investments 875,762,518 933,208,254 98.38

Other Net Assets 15,385,652 1.62

Total Net Assets 948,593,906 100.00

48 Eastspring Investments – Asian Bond Fund (“Asian Bond Fund”)

EASTSPRING INVESTMENTS

ASIAN BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

BONDS

Australia AusNet Services Holdings Pty Ltd FRN 7/9/2076 5,000,000 SGD 3,557,845 3,968,596 0.12 AusNet Services Holdings Pty Ltd FRN 17/3/2076 1,300,000 USD 1,300,000 1,397,149 0.04 Baosteel Financing 2015 Pty Ltd 3.875% 28/1/2020 5,000,000 USD 5,016,112 5,095,100 0.16 CNOOC Curtis Funding No 1 Pty Ltd 4.5% 3/10/2023 ‘REGS’ 5,000,000 USD 4,972,429 5,344,150 0.16 CNOOC Finance 2015 Australia Pty Ltd 2.625% 5/5/2020 5,000,000 USD 4,977,309 5,026,155 0.15 CNOOC Finance 2015 Australia Pty Ltd 4.2% 5/5/2045 5,000,000 USD 4,942,156 4,962,410 0.15 Commonwealth Bank of Australia FRN 20/10/2026 3,900,000 USD 3,893,043 3,879,486 0.12 National Australia Bank Ltd FRN 17/5/2026 ‘GMTN’ 50,000,000 HKD 6,411,414 6,449,972 0.20 National Australia Bank Ltd FRN 19/5/2028 ‘GMTN’ 3,750,000 SGD 2,737,032 2,833,935 0.09 SGSP Australia Assets Pty Ltd 3.25% 29/7/2026 ‘EMTN’ 3,800,000 USD 3,781,099 3,722,518 0.11 SGSP Australia Assets Pty Ltd 3.5% 7/7/2027 ‘EMTN’ 7,000,000 USD 6,940,499 7,000,000 0.22 Westpac Banking Corp FRN 28/2/2023 ‘EMTN’ 2,000,000 USD 1,999,514 2,012,560 0.06 50,528,452 51,692,031 1.58

Bermuda GCX Ltd 7% 1/8/2019 ‘REGS’ 1,300,000 USD 1,269,930 1,209,000 0.04 GOME Electrical Appliances Holding Ltd 5% 10/3/2020 4,700,000 USD 4,701,858 4,720,445 0.14 Kunlun Energy Co Ltd 2.875% 13/5/2020 ‘REGS’ 5,000,000 USD 4,961,670 5,020,050 0.15 Kunlun Energy Co Ltd 3.75% 13/5/2025 ‘REGS’ 3,000,000 USD 2,935,728 3,041,910 0.09 Li & Fung Ltd 5.25% Perpetual ‘EMTN’ 7,000,000 USD 6,345,393 6,448,750 0.20 Noble Group Ltd 3.625% 20/3/2018 ‘EMTN’ 3,000,000 USD 2,962,622 1,278,750 0.04 Noble Group Ltd 6.75% 29/1/2020 ‘REGS’ 1,500,000 USD 1,126,747 570,000 0.02 Noble Group Ltd 8.75% 9/3/2022 9,200,000 USD 9,200,000 3,496,000 0.11 33,503,948 25,784,905 0.79

British Virgin Islands ABCL Glory Capital Ltd 2.5% 21/6/2021 5,000,000 USD 4,981,880 4,933,550 0.15 Advance Wisdom Investments Ltd 2.1% 16/10/2017 3,000,000 USD 3,003,240 3,000,570 0.09 Beijing Capital Polaris Investment Co Ltd 2.875% 1/4/2018 2,800,000 USD 2,800,597 2,796,724 0.09 Beijing Gas Singapore Capital Corp 2.75% 31/5/2022 5,000,000 USD 4,955,418 4,930,450 0.15 Bestgain Real Estate Ltd 2.625% 13/3/2018 ‘REGS’ 6,000,000 USD 5,935,062 6,000,360 0.18 Bluestar Finance Holdings Ltd 3.5% 11/6/2018 9,000,000 USD 8,990,241 9,068,040 0.28 Bluestar Finance Holdings Ltd 3.5% 30/9/2021 5,000,000 USD 4,949,143 4,994,500 0.15 Bluestar Finance Holdings Ltd 4.375% 11/6/2020 ‘EMTN’ 4,200,000 USD 4,213,493 4,342,758 0.13 CCCI Treasure Ltd FRN Perpetual 9,200,000 USD 9,118,373 9,268,908 0.28 CDBI Treasure I Ltd 2.25% 2/8/2021 ‘EMTN’ 10,000,000 USD 10,002,235 9,741,600 0.30 Central Plaza Development Ltd FRN Perpetual ‘EMTN’ 2,500,000 USD 2,500,000 2,631,250 0.08 Central Plaza Development Ltd FRN Perpetual ‘REGS’ 2,200,000 USD 2,200,000 2,257,750 0.07 Chalco Hong Kong Investment Co Ltd FRN Perpetual 3,000,000 USD 2,974,226 3,037,530 0.09 Charming Light Investments Ltd 3.75% 3/9/2019 ‘EMTN’ 9,000,000 USD 8,968,508 9,168,750 0.28 Charming Light Investments Ltd 5% 3/9/2024 ‘EMTN’ 4,100,000 USD 4,069,109 4,356,250 0.13 Cheung Kong Bond Securities 03 Ltd 5.375% Perpetual ‘REGS’ 2,000,000 USD 2,000,000 2,022,500 0.06 China Cinda Finance 2014 Ltd 4% 14/5/2019 ‘REGS’ 6,000,000 USD 6,026,916 6,128,400 0.19 China Cinda Finance 2014 Ltd 5.625% 14/5/2024 ‘REGS’ 2,400,000 USD 2,392,425 2,675,208 0.08 China Cinda Finance 2015 I Ltd 3.125% 23/4/2020 ‘REGS’ 19,500,000 USD 19,484,774 19,625,775 0.61 China Cinda Finance 2015 I Ltd 4.25% 23/4/2025 ‘REGS’ 9,000,000 USD 8,763,015 9,182,790 0.28 China Great Wall International Holdings II Ltd 2.5% 18/6/2018 10,000,000 USD 10,007,513 10,001,600 0.31 China Merchants Finance Co Ltd 4.75% 3/8/2025 3,000,000 USD 2,993,892 3,210,750 0.10 China Railway Xunjie Co Ltd 3.25% 28/7/2026 2,000,000 USD 1,953,908 1,942,600 0.06 China Reinsurance Finance Corp Ltd 3.375% 9/3/2022 2,000,000 USD 1,970,013 1,975,880 0.06 China Shenhua Overseas Capital Co Ltd 2.5% 20/1/2018 4,000,000 USD 4,006,723 4,010,400 0.12 China Shenhua Overseas Capital Co Ltd 3.125% 20/1/2020 8,000,000 USD 8,015,891 8,071,680 0.25 China Shenhua Overseas Capital Co Ltd 3.875% 20/1/2025 3,900,000 USD 3,872,800 3,997,695 0.12 China Southern Power Grid International Finance BVI Co Ltd 2.75% 8/5/2022 ‘REGS’ 5,000,000 USD 4,984,757 4,975,850 0.15 China Southern Power Grid International Finance BVI Co Ltd 3.5% 8/5/2027 ‘REGS’ 10,000,000 USD 9,919,617 9,988,100 0.31

49 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Chinalco Capital Holdings Ltd 4% 25/8/2021 3,900,000 USD 3,900,000 3,880,500 0.12 Chinalco Capital Holdings Ltd 4.25% 21/4/2022 2,300,000 USD 2,300,000 2,314,375 0.07 Chinalco Finance Holdings Ltd 3.625% 11/12/2019 1,900,000 USD 1,895,669 1,928,652 0.06 CICC Hong Kong Finance 2016 MTN Ltd 2.75% 18/5/2019 ‘EMTN’ 4,000,000 USD 3,995,654 3,995,800 0.12 CITIC Securities Finance MTN Co Ltd 3.5% 30/10/2019 ‘EMTN’ 4,200,000 USD 4,199,161 4,263,546 0.13 CITIC Telecom International Finance Ltd 6.1% 5/3/2025 ‘REGS’ 1,200,000 USD 1,217,341 1,265,988 0.04 CLP Power Hong Kong Financing Ltd 3.125% 6/5/2025 ‘EMTN’ 4,155,000 USD 4,159,244 4,143,698 0.13 CLP Power Hong Kong Financing Ltd 3.375% 26/10/2027 ‘EMTN’ 4,000,000 USD 3,977,281 4,000,200 0.12 CLP Power Hong Kong Financing Ltd 4.75% 12/7/2021 ‘EMTN’ 2,000,000 USD 2,033,670 2,169,780 0.07 CNOOC Finance 2003 Ltd 5.5% 21/5/2033 ‘REGS’ 4,000,000 USD 4,525,059 4,574,800 0.14 CNOOC Finance 2011 Ltd 4.25% 26/1/2021 ‘REGS’ 4,000,000 USD 3,975,773 4,206,400 0.13 CNOOC Finance 2011 Ltd 5.75% 26/1/2041 ‘REGS’ 2,000,000 USD 2,225,354 2,434,880 0.07 CNOOC Finance 2012 Ltd 3.875% 2/5/2022 ‘REGS’ 3,000,000 USD 3,002,103 3,117,360 0.10 CNOOC Finance 2012 Ltd 5% 2/5/2042 ‘REGS’ 2,800,000 USD 2,847,401 3,121,832 0.10 CNOOC Finance 2013 Ltd 3% 9/5/2023 24,000,000 USD 23,268,701 23,794,752 0.74 CNOOC Finance 2013 Ltd 4.25% 9/5/2043 4,000,000 USD 3,794,090 3,989,844 0.12 CNPC General Capital Ltd 2.75% 14/5/2019 ‘REGS’ 2,000,000 USD 2,002,981 2,009,980 0.06 CNPC General Capital Ltd 3.4% 16/4/2023 ‘REGS’ 5,000,000 USD 5,073,009 5,107,600 0.16 CNPC General Capital Ltd 3.95% 19/4/2022 ‘REGS’ 3,000,000 USD 3,008,428 3,150,540 0.10 CNPC HK Overseas Capital Ltd 4.5% 28/4/2021 ‘REGS’ 4,000,000 USD 3,965,071 4,260,880 0.13 CNPC HK Overseas Capital Ltd 5.95% 28/4/2041 ‘REGS’ 1,500,000 USD 1,473,935 1,893,630 0.06 CNRC Capitale Ltd FRN Perpetual 2,000,000 USD 2,000,000 2,015,000 0.06 COSCO Finance 2011 Ltd 4% 3/12/2022 1,300,000 USD 1,296,100 1,353,820 0.04 COSCO Pacific Finance 2013 Co Ltd 4.375% 31/1/2023 10,000,000 USD 9,376,781 10,213,300 0.32 Dianjian Haixing Ltd FRN Perpetual 3,000,000 USD 3,000,000 3,046,620 0.09 Dianjian Haiyu Ltd FRN Perpetual ‘EMTN’ 2,500,000 USD 2,500,000 2,487,950 0.08 Dongxing Voyage Co Ltd 2.25% 27/9/2019 4,000,000 USD 3,989,457 3,926,240 0.12 Double Rosy Ltd 3.625% 18/11/2019 9,300,000 USD 9,308,039 9,394,767 0.29 Eastern Creation II Investment Holdings Ltd 3.25% 20/1/2020 ‘EMTN’ 1,500,000 USD 1,498,169 1,509,570 0.05 Easy Tactic Ltd 5.75% 13/1/2022 8,300,000 USD 8,235,533 8,310,375 0.25 Fortune Star BVI Ltd 5.25% 23/3/2022 3,300,000 USD 3,300,000 3,262,875 0.10 FPC Finance Ltd 6% 28/6/2019 1,800,000 USD 1,800,000 1,901,574 0.06 FPC Treasury Ltd 4.5% 16/4/2023 ‘REGS’ 6,800,000 USD 6,750,418 6,920,428 0.21 Franshion Brilliant Ltd 5.375% 17/10/2018 5,000,000 USD 5,097,836 5,175,000 0.16 Franshion Brilliant Ltd 5.75% 19/3/2019 4,000,000 USD 3,985,302 4,180,000 0.13 Franshion Development Ltd 6.75% 15/4/2021 ‘REGS’ 3,400,000 USD 3,387,784 3,795,250 0.12 Fuqing Investment Management Ltd 4.85% 21/7/2018 13,100,000 CNY 2,107,868 1,926,255 0.06 Future Days Ltd 4% 8/7/2026 ‘EMTN’ 50,000,000 HKD 6,350,930 6,291,573 0.19 FUXIANG Investment Management Ltd 3.625% 30/11/2019 ‘EMTN’ 10,000,000 USD 10,010,932 10,039,300 0.31 Greenland Global Investment Ltd 3.5% 17/10/2017 ‘EMTN’ 2,000,000 USD 2,000,332 1,995,120 0.06 Greenland Global Investment Ltd 3.5% 6/9/2019 ‘EMTN’ 10,000,000 USD 9,979,542 9,738,700 0.30 Greenland Global Investment Ltd 4.375% 3/7/2019 3,100,000 USD 3,105,570 3,088,592 0.09 Guangzhou Metro Investment Finance BVI Ltd 3.375% 3/12/2020 ‘EMTN’ 2,000,000 USD 1,993,839 2,025,600 0.06 GUANGZHOU Silk Road Investment Ltd 3.85% 7/12/2021 2,000,000 USD 1,967,801 1,995,360 0.06 Haitong International Finance Holdings 2015 Ltd 3.5% 21/4/2020 5,200,000 USD 5,191,674 5,239,000 0.16 HKT Capital No 2 Ltd 3.625% 2/4/2025 ‘REGS’ 4,000,000 USD 3,940,608 4,040,000 0.12 HKT Capital No 4 Ltd 3% 14/7/2026 7,000,000 USD 6,969,398 6,666,240 0.20 HLP Finance Ltd 4.45% 16/4/2021 ‘EMTN’ 1,400,000 USD 1,408,411 1,464,750 0.04 Huarong Finance 2017 Co Ltd FRN Perpetual 2,000,000 USD 2,053,989 2,043,120 0.06 Huarong Finance 2017 Co Ltd 3.75% 27/4/2022 5,000,000 USD 4,994,798 5,070,850 0.16 Huarong Finance 2017 Co Ltd 4.75% 27/4/2027 7,000,000 USD 6,979,998 7,185,220 0.22 Huarong Finance Co Ltd 3% 17/7/2017 1,700,000 USD 1,699,905 1,700,867 0.05 Huarong Finance II Co Ltd FRN Perpetual ‘EMTN’ 6,000,000 USD 5,823,304 5,744,880 0.18 Huarong Finance II Co Ltd 2.75% 3/6/2019 ‘EMTN’ 8,000,000 USD 7,992,682 7,951,680 0.24 Huarong Finance II Co Ltd 2.875% 22/11/2019 ‘EMTN’ 5,000,000 USD 4,968,017 4,982,200 0.15 Huarong Finance II Co Ltd 3.25% 3/6/2021 ‘EMTN’ 2,000,000 USD 1,992,274 1,987,500 0.06 Huarong Finance II Co Ltd 4.5% 16/1/2020 ‘EMTN’ 1,000,000 USD 997,728 1,034,000 0.03 Huarong Finance II Co Ltd 5% 19/11/2025 ‘EMTN’ 6,000,000 USD 5,971,338 6,269,160 0.19 Huarong Finance II Co Ltd 5.5% 16/1/2025 ‘EMTN’ 4,000,000 USD 4,053,774 4,294,200 0.13 JGSH Philippines Ltd 4.375% 23/1/2023 ‘REGS’ 1,800,000 USD 1,840,562 1,843,074 0.06 Keen Idea Global Ltd 4.375% 8/3/2020 5,000,000 USD 4,969,095 4,995,100 0.15 LS Finance 2025 Ltd 4.5% 26/6/2025 7,500,000 USD 7,126,044 7,281,900 0.22

50 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Mega Advance Investments Ltd 5% 12/5/2021 ‘REGS’ 3,000,000 USD 3,036,427 3,209,190 0.10 Midea Investment Development Co Ltd 2.375% 3/6/2019 ‘EMTN’ 5,000,000 USD 4,997,249 4,993,000 0.15 Minmetals Bounteous Finance BVI Ltd 4.2% 27/7/2026 7,300,000 USD 7,203,734 7,452,351 0.23 Minmetals Bounteous Finance BVI Ltd 4.75% 30/7/2025 3,600,000 USD 3,595,871 3,843,000 0.12 Nan Fung Treasury II Ltd 5.5% Perpetual 5,300,000 USD 5,300,000 5,286,750 0.16 Nan Fung Treasury Ltd 4.875% 29/5/2024 ‘EMTN’ 3,000,000 USD 3,008,128 3,212,790 0.10 New Rose Investments Ltd 4.5% 19/1/2020 3,300,000 USD 3,300,000 3,320,130 0.10 NWD Finance BVI Ltd 5.75% Perpetual 4,100,000 USD 4,100,000 4,114,596 0.13 NWD MTN Ltd 4.375% 30/11/2022 ‘EMTN’ 6,900,000 USD 6,987,271 7,208,706 0.22 NWD MTN Ltd 5.25% 26/2/2021 ‘EMTN’ 6,800,000 USD 6,795,974 7,240,300 0.22 PCCW Capital No 4 Ltd 5.75% 17/4/2022 ‘REGS’ 2,700,000 USD 2,674,648 2,972,484 0.09 PCCW-HKT Capital No 5 Ltd 3.75% 8/3/2023 ‘REGS’ 2,200,000 USD 2,158,948 2,268,750 0.07 Prosperous Ray Ltd 3% 12/11/2018 ‘REGS’ 5,000,000 USD 5,022,026 5,036,750 0.15 Proven Glory Capital Ltd 3.25% 21/2/2022 ‘EMTN’ 4,000,000 USD 3,991,362 4,019,960 0.12 Proven Glory Capital Ltd 4% 21/2/2027 ‘EMTN’ 2,400,000 USD 2,378,752 2,403,000 0.07 Proven Honour Capital Ltd 4.125% 19/5/2025 8,000,000 USD 7,945,103 8,220,000 0.25 Proven Honour Capital Ltd 4.125% 6/5/2026 31,000,000 USD 31,102,498 31,581,250 0.98 Radiant Access Ltd 4.6% Perpetual 2,000,000 USD 1,979,414 1,955,000 0.06 Reward International Investment Ltd 7.25% 25/1/2020 3,100,000 USD 3,082,508 3,134,038 0.10 RKI Overseas Finance 2016 A Ltd 5% 9/8/2019 3,300,000 USD 3,300,000 3,303,399 0.10 RKI Overseas Finance 2016 B Ltd 4.7% 6/9/2021 4,300,000 USD 4,300,000 4,197,875 0.13 Rock International Investment Inc 6.625% 27/3/2020 1,000,000 USD 995,141 936,250 0.03 Sinochem Global Capital Co Ltd FRN Perpetual ‘REGS’ 2,200,000 USD 2,200,000 2,251,942 0.07 Sinochem Overseas Capital Co Ltd 4.5% 12/11/2020 ‘REGS’ 9,000,000 USD 8,939,550 9,482,220 0.29 Sinochem Overseas Capital Co Ltd 6.3% 12/11/2040 ‘REGS’ 3,000,000 USD 2,959,551 3,840,630 0.12 Sino-Ocean Land Treasure Finance I Ltd 6% 30/7/2024 ‘EMTN’ 2,700,000 USD 2,709,704 2,946,375 0.09 Sino-Ocean Land Treasure Finance II Ltd 5.95% 4/2/2027 1,100,000 USD 1,088,901 1,179,750 0.04 Sinopec Capital 2013 Ltd 3.125% 24/4/2023 ‘REGS’ 8,000,000 USD 7,874,073 7,957,920 0.24 Sinopec Capital 2013 Ltd 4.25% 24/4/2043 ‘REGS’ 3,000,000 USD 2,983,091 3,015,930 0.09 Sinopec Group Overseas Development 2012 Ltd 3.9% 17/5/2022 ‘REGS’ 6,000,000 USD 6,119,526 6,261,120 0.19 Sinopec Group Overseas Development 2012 Ltd 4.875% 17/5/2042 ‘REGS’ 3,600,000 USD 3,578,552 3,983,436 0.12 Sinopec Group Overseas Development 2013 Ltd 4.375% 17/10/2023 ‘REGS’ 2,400,000 USD 2,383,033 2,543,304 0.08 Sinopec Group Overseas Development 2014 Ltd 4.375% 10/4/2024 ‘REGS’ 2,500,000 USD 2,496,058 2,655,475 0.08 Sinopec Group Overseas Development 2015 Ltd 2.5% 28/4/2020 ‘REGS’ 15,000,000 USD 14,894,213 14,997,600 0.47 Sinopec Group Overseas Development 2015 Ltd 3.25% 28/4/2025 ‘REGS’ 10,000,000 USD 9,706,616 9,834,100 0.30 Sinopec Group Overseas Development 2015 Ltd 4.1% 28/4/2045 ‘REGS’ 8,800,000 USD 9,236,931 8,703,376 0.27 Sinopec Group Overseas Development 2016 Ltd 2.125% 3/5/2019 ‘REGS’ 8,000,000 USD 7,987,891 7,968,800 0.24 Sinopec Group Overseas Development 2016 Ltd 2.75% 3/5/2021 ‘REGS’ 7,000,000 USD 6,990,083 7,007,420 0.21 Sinopec Group Overseas Development 2016 Ltd 2.75% 29/9/2026 ‘REGS’ 5,000,000 USD 4,920,575 4,673,100 0.14 Sinopec Group Overseas Development 2016 Ltd 3.5% 3/5/2026 ‘REGS’ 10,000,000 USD 9,984,791 9,933,700 0.30 Skysea International Capital Management Ltd 4.875% 7/12/2021 ‘EMTN’ 3,600,000 USD 3,563,438 3,891,384 0.12 SmarTone Finance Ltd 3.875% 8/4/2023 9,500,000 USD 8,892,227 9,568,780 0.29 State Elite Global Ltd 2.75% 13/6/2022 ‘EMTN’ 3,000,000 USD 2,991,617 3,000,000 0.09 State Elite Global Ltd 3.125% 20/1/2020 ‘EMTN’ 1,500,000 USD 1,498,279 1,511,025 0.05 State Grid Overseas Investment 2014 Ltd 4.85% 7/5/2044 ‘REGS’ 8,200,000 USD 9,271,582 9,434,756 0.29 State Grid Overseas Investment 2016 Ltd 2.875% 18/5/2026 ‘REGS’ 5,000,000 USD 4,993,525 4,817,500 0.15 Studio City Finance Ltd 8.5% 1/12/2020 ‘REGS’ 4,000,000 USD 3,937,710 4,135,000 0.13 Talent Yield Investments Ltd 4.5% 25/4/2022 ‘REGS’ 3,500,000 USD 3,488,479 3,691,695 0.11 Tewoo Group Finance No 3 Ltd 4.625% 6/4/2020 1,400,000 USD 1,391,127 1,424,500 0.04 Tewoo Group Finance No 3 Ltd 5.5% 6/4/2022 8,600,000 USD 8,532,464 8,965,500 0.27 Top Wise Excellence Enterprise Co Ltd 6% 16/3/2020 1,600,000 USD 1,600,000 1,632,000 0.05 Value Success International Ltd 4.75% 4/11/2018 5,000,000 CNY 821,625 742,067 0.02

51 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Xinhu BVI Holding Co Ltd 6% 1/3/2020 2,100,000 USD 2,092,468 2,113,986 0.06 Yuexiu REIT MTN Co Ltd 3.1% 14/5/2018 ‘EMTN’ 1,650,000 USD 1,631,166 1,647,938 0.05 Yunnan Energy Investment Overseas Finance Co Ltd 3.5% 13/12/2019 14,000,000 USD 13,900,246 13,877,500 0.44 Zhaohai Investment BVI Ltd 3.1% 23/7/2018 5,000,000 USD 4,989,631 4,999,450 0.15 732,813,303 746,949,113 22.88

Canada CNOOC Nexen Finance 2014 ULC 4.25% 30/4/2024 9,100,000 USD 9,127,652 9,575,784 0.30 CNOOC Nexen Finance 2014 ULC 4.875% 30/4/2044 3,000,000 USD 2,955,959 3,305,316 0.10 Nexen Energy ULC 5.875% 10/3/2035 2,500,000 USD 2,715,749 2,992,178 0.09 Nexen Energy ULC 7.5% 30/7/2039 3,000,000 USD 3,804,904 4,344,954 0.13 Nexen Energy ULC 7.875% 15/3/2032 3,700,000 USD 4,685,278 5,172,182 0.16 PTTEP Canada International Finance Ltd 6.35% 12/6/2042 ‘REGS’ 6,100,000 USD 7,054,177 7,792,750 0.24 30,343,719 33,183,164 1.02

Cayman Islands Agile Group Holdings Ltd FRN Perpetual 2,300,000 USD 2,224,292 2,325,875 0.07 Agile Group Holdings Ltd 8.375% 18/2/2019 3,000,000 USD 2,997,272 3,116,250 0.10 Agile Group Holdings Ltd 9% 21/5/2020 3,600,000 USD 3,589,782 3,875,040 0.12 Alibaba Group Holding Ltd 2.5% 28/11/2019 8,000,000 USD 8,006,274 8,042,184 0.25 Alibaba Group Holding Ltd 3.125% 28/11/2021 9,000,000 USD 9,073,251 9,184,716 0.28 Alibaba Group Holding Ltd 3.6% 28/11/2024 9,000,000 USD 8,842,058 9,316,818 0.29 Alibaba Group Holding Ltd 4.5% 28/11/2034 2,400,000 USD 2,406,308 2,639,393 0.08 Amber Circle Funding Ltd 2% 4/12/2017 ‘REGS’ 1,300,000 USD 1,299,484 1,300,130 0.04 Amber Circle Funding Ltd 3.25% 4/12/2022 ‘REGS’ 7,300,000 USD 7,223,988 7,408,332 0.23 Avi Funding Co Ltd 2.85% 16/9/2020 ‘REGS’ 5,000,000 USD 5,036,925 4,994,250 0.15 Avi Funding Co Ltd 3.8% 16/9/2025 ‘REGS’ 5,000,000 USD 4,987,603 5,129,550 0.16 Azure Nova International Finance Ltd 2.625% 1/11/2021 ‘EMTN’ 4,000,000 USD 3,985,657 3,906,640 0.12 Azure Nova International Finance Ltd 4.25% 21/3/2027 ‘EMTN’ 4,000,000 USD 3,979,997 4,117,280 0.13 Azure Orbit III International Finance Ltd 2.125% 21/3/2019 9,900,000 USD 9,929,386 9,851,589 0.31 Azure Orbit International Finance Ltd 3.75% 6/3/2023 ‘REGS’ 4,100,000 USD 4,059,360 4,180,893 0.13 Baidu Inc 2.75% 9/6/2019 3,000,000 USD 3,001,258 3,019,044 0.09 Baidu Inc 3% 30/6/2020 4,000,000 USD 4,026,359 4,055,000 0.12 Baidu Inc 3.25% 6/8/2018 5,000,000 USD 5,055,667 5,056,965 0.15 Baidu Inc 3.5% 28/11/2022 4,300,000 USD 4,327,194 4,380,242 0.13 Baidu Inc 4.125% 30/6/2025 2,000,000 USD 1,986,715 2,084,414 0.06 CCBL Cayman 1 Corp Ltd 2.375% 31/5/2019 ‘EMTN’ 3,900,000 USD 3,881,213 3,876,093 0.12 CCBL Cayman 1 Corp Ltd 2.75% 31/5/2021 ‘EMTN’ 10,000,000 USD 9,880,972 9,850,000 0.30 CDBL Funding 1 3.25% 2/12/2019 5,000,000 USD 4,987,190 5,037,500 0.15 Central China Real Estate Ltd 6.5% 4/6/2018 ‘EMTN’ 3,000,000 USD 2,974,285 3,014,520 0.09 Central China Real Estate Ltd 6.75% 8/11/2021 3,000,000 USD 3,000,000 3,052,860 0.09 Central China Real Estate Ltd 8% 28/1/2020 ‘REGS’ 1,800,000 USD 1,800,000 1,851,750 0.06 Central China Real Estate Ltd 8.75% 23/1/2021 2,000,000 USD 1,928,524 2,137,500 0.07 Champion MTN Ltd 3.75% 17/1/2023 ‘EMTN’ 2,500,000 USD 2,333,654 2,521,875 0.08 China Aoyuan Property Group Ltd 6.35% 11/1/2020 1,900,000 USD 1,900,000 1,912,331 0.06 China Evergrande Group 6.25% 28/6/2021 10,000,000 USD 10,000,000 9,750,000 0.30 China Evergrande Group 7.5% 28/6/2023 14,300,000 USD 14,300,001 13,871,000 0.43 China Evergrande Group 8.75% 28/6/2025 10,000,000 USD 10,000,000 9,762,500 0.30 China Merchants Land Ltd 4.021% 11/12/2018 2,300,000 USD 2,300,000 2,345,908 0.07 China Overseas Finance Cayman II Ltd 5.5% 10/11/2020 3,000,000 USD 2,982,279 3,244,290 0.10 China Overseas Finance Cayman III Ltd 5.375% 29/10/2023 1,100,000 USD 1,097,183 1,216,963 0.04 China Overseas Finance Cayman III Ltd 6.375% 29/10/2043 4,720,000 USD 4,606,379 5,746,128 0.18 China Overseas Finance Cayman V Ltd 3.95% 15/11/2022 7,300,000 USD 7,197,590 7,555,135 0.23 China Overseas Finance Cayman V Ltd 5.35% 15/11/2042 2,500,000 USD 2,475,788 2,697,950 0.08 China Overseas Finance Cayman VI Ltd 4.25% 8/5/2019 2,000,000 USD 2,031,780 2,057,560 0.06 China Overseas Finance Cayman VI Ltd 5.95% 8/5/2024 1,500,000 USD 1,531,922 1,713,750 0.05 China Resources Land Ltd 4.375% 27/2/2019 ‘EMTN’ 4,000,000 USD 3,996,990 4,125,080 0.13 China SCE Property Holdings Ltd 5.875% 10/3/2022 11,200,000 USD 11,183,710 11,031,888 0.35 China SCE Property Holdings Ltd 10% 2/7/2020 4,100,000 USD 4,076,447 4,458,750 0.14 China State Construction Finance Cayman I Ltd 3.125% 2/4/2018 1,000,000 USD 999,310 1,002,480 0.03 CIFI Holdings Group Co Ltd 7.75% 5/6/2020 3,800,000 USD 3,732,237 4,028,000 0.12 CK Hutchison Capital Securities 17 Ltd FRN Perpetual ‘REGS’ 2,500,000 USD 2,500,000 2,537,500 0.08

52 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Country Garden Holdings Co Ltd 7.25% 4/4/2021 ‘REGS’ 3,300,000 USD 3,286,234 3,420,780 0.10 Dynamic Talent Ltd 4.75% 1/8/2017 ‘REGS’ 5,000,000 USD 5,006,944 5,004,150 0.15 Fantasia Holdings Group Co Ltd 7.375% 4/10/2021 8,000,000 USD 8,062,933 7,920,880 0.24 Fantasia Holdings Group Co Ltd 9.5% 4/5/2019 1,000,000 CNY 151,810 151,105 0.00 Fantasia Holdings Group Co Ltd 10.75% 22/1/2020 ‘REGS’ 1,900,000 USD 1,859,965 1,992,625 0.06 Fantasia Holdings Group Co Ltd 13.75% 27/9/2017 1,000,000 USD 1,004,394 1,017,500 0.03 Formosa Group Cayman Ltd 3.375% 22/4/2025 9,000,000 USD 8,744,548 8,887,500 0.27 Foxconn Far East Ltd 3% 23/9/2026 ‘EMTN’ 5,000,000 USD 4,906,892 4,783,750 0.15 Future Land Development Holdings Ltd 5% 16/2/2020 7,400,000 USD 7,383,403 7,327,924 0.22 Future Land Development Holdings Ltd 6.25% 12/11/2017 2,400,000 USD 2,406,629 2,415,000 0.07 FWD Ltd FRN Perpetual 1,200,000 USD 1,200,000 1,254,000 0.04 Golden Eagle Retail Group Ltd 4.625% 21/5/2023 ‘REGS’ 2,600,000 USD 2,489,549 2,408,250 0.07 Greenland Hong Kong Holdings Ltd 3.875% 28/7/2019 ‘EMTN’ 4,800,000 USD 4,776,838 4,705,296 0.14 Greentown China Holdings Ltd 8% 24/3/2019 ‘EMTN’ 1,400,000 USD 1,400,000 1,454,250 0.04 Hongkong Land Finance Cayman Islands Co Ltd/The 4.625% 16/1/2024 ‘EMTN’ 2,800,000 USD 2,807,140 3,055,136 0.09 Hutchison Whampoa Finance CI Ltd 7.45% 1/8/2017 ‘REGS’ 3,000,000 USD 3,003,063 3,012,330 0.09 Hutchison Whampoa Finance CI Ltd 7.5% 1/8/2027 ‘REGS’ 2,000,000 USD 2,364,403 2,645,080 0.08 Hutchison Whampoa International 09/19 Ltd 5.75% 11/9/2019 ‘REGS’ 3,500,000 USD 3,538,923 3,758,965 0.12 Hutchison Whampoa International 11 Ltd 4.625% 13/1/2022 ‘REGS’ 7,000,000 USD 7,007,744 7,524,580 0.23 Hutchison Whampoa International 14 Ltd 3.625% 31/10/2024 ‘REGS’ 10,000,000 USD 9,940,481 10,285,400 0.33 KWG Property Holding Ltd 8.25% 5/8/2019 3,000,000 USD 2,916,977 3,127,710 0.10 KWG Property Holding Ltd 8.975% 14/1/2019 ‘REGS’ 2,800,000 USD 2,772,631 2,919,000 0.09 Link Finance Cayman 2009 Ltd/The 2.875% 21/7/2026 ‘EMTN’ 10,000,000 USD 9,920,625 9,600,000 0.29 Link Finance Cayman 2009 Ltd/The 3.6% 3/9/2024 ‘EMTN’ 4,400,000 USD 4,384,815 4,503,092 0.14 Logan Property Holdings Co Ltd 5.25% 23/2/2023 3,700,000 USD 3,655,549 3,468,750 0.11 Logan Property Holdings Co Ltd 9.75% 8/12/2017 2,000,000 USD 1,995,801 2,040,000 0.06 Melco Resorts Finance Ltd 4.875% 6/6/2025 3,800,000 USD 3,828,480 3,828,500 0.12 Mizuho Financial Group Cayman 2 Ltd 4.2% 18/7/2022 ‘REGS’ 2,900,000 USD 2,895,158 3,050,829 0.09 Mizuho Financial Group Cayman 3 Ltd 4.6% 27/3/2024 ‘REGS’ 2,300,000 USD 2,296,191 2,435,608 0.07 Moon Wise Global Ltd FRN Perpetual 3,000,000 USD 3,226,104 3,180,000 0.10 New World China Land Ltd 4.75% 23/1/2027 6,300,000 USD 6,300,000 6,517,980 0.20 PCPD Capital Ltd 4.75% 9/3/2022 5,800,000 USD 5,800,000 5,826,158 0.18 Powerlong Real Estate Holdings Ltd 4.875% 15/9/2021 6,000,000 USD 5,762,395 5,676,420 0.17 Shimao Property Holdings Ltd 8.375% 10/2/2022 2,500,000 USD 2,500,000 2,753,125 0.08 Shui On Development Holding Ltd FRN Perpetual 800,000 USD 800,000 804,000 0.02 Shui On Development Holding Ltd FRN Perpetual ‘REGS’ 3,600,000 USD 3,561,200 3,663,000 0.11 Shui On Development Holding Ltd 5.7% 6/2/2021 10,500,000 USD 10,463,382 10,602,900 0.33 Shui On Development Holding Ltd 8.7% 24/11/2017 1,000,000 USD 1,000,000 1,020,000 0.03 Shui On Development Holding Ltd 8.7% 19/5/2018 2,000,000 USD 2,003,732 2,065,000 0.06 Sino MTN Ltd 3.25% 21/9/2017 ‘EMTN’ 4,700,000 USD 4,699,692 4,706,627 0.14 Sun Hung Kai Properties Capital Market Ltd 4% 2/11/2020 ‘EMTN’ 2,000,000 USD 1,991,252 2,092,160 0.06 Sun Hung Kai Properties Capital Market Ltd 4.45% Perpetual 2,500,000 USD 2,484,511 2,468,750 0.08 Sunac China Holdings Ltd 8.75% 5/12/2019 2,000,000 USD 1,959,411 2,110,000 0.06 Swire Pacific MTN Financing Ltd 3% 5/7/2024 ‘EMTN’ 8,000,000 USD 7,972,501 7,950,000 0.24 Swire Pacific MTN Financing Ltd 4.5% 9/10/2023 ‘EMTN’ 2,000,000 USD 2,017,517 2,176,900 0.07 Swire Pacific MTN Financing Ltd 6.25% 18/4/2018 ‘EMTN’ 2,000,000 USD 1,998,563 2,059,980 0.06 Tencent Holdings Ltd 2.875% 11/2/2020 ‘REGS’ 8,000,000 USD 8,033,083 8,098,960 0.25 Tencent Holdings Ltd 3.375% 5/3/2018 ‘REGS’ 2,000,000 USD 2,004,297 2,019,440 0.06 Tencent Holdings Ltd 3.8% 11/2/2025 ‘REGS’ 3,000,000 USD 2,977,780 3,122,700 0.10 Three Gorges Finance I Cayman Islands Ltd 3.15% 2/6/2026 ‘REGS’ 8,000,000 USD 7,986,035 7,789,840 0.24 Times Property Holdings Ltd 5.75% 26/4/2022 3,200,000 USD 3,200,000 3,096,000 0.09 Times Property Holdings Ltd 6.25% 23/1/2020 2,500,000 USD 2,500,000 2,505,875 0.08 Times Property Holdings Ltd 11.45% 5/3/2020 2,000,000 USD 2,205,194 2,182,500 0.07 TVB Finance Ltd 3.625% 11/10/2021 25,500,000 USD 25,276,406 25,303,650 0.79 Yuzhou Properties Co Ltd 6% 25/1/2022 2,200,000 USD 2,191,472 2,194,060 0.07 Yuzhou Properties Co Ltd 9% 8/12/2019 2,000,000 USD 1,930,067 2,112,500 0.06 452,588,998 460,480,431 14.11

China Agricultural Bank of China Ltd/New York 1.875% 16/5/2019 ‘EMTN’ 8,000,000 USD 7,990,667 7,929,520 0.24 Agricultural Bank of China Ltd/New York 2.75% 21/5/2020 3,000,000 USD 2,997,872 3,005,391 0.09 Bank of China Ltd 5% 13/11/2024 ‘REGS’ 18,500,000 USD 19,049,358 19,992,950 0.62

53 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Bank of China Ltd/Hong Kong 1.875% 1/3/2019 ‘EMTN’ 7,000,000 USD 6,998,849 6,947,360 0.21 Bank of China Ltd/Hong Kong 2.125% 30/6/2018 ‘EMTN’ 4,000,000 USD 3,999,068 3,999,920 0.12 Bank of China Ltd/Luxembourg 1.875% 12/7/2019 ‘EMTN’ 5,000,000 USD 4,997,637 4,943,650 0.15 Bank of China Ltd/Luxembourg 2.25% 12/7/2021 ‘EMTN’ 5,000,000 USD 4,993,399 4,891,050 0.15 Bank of China Ltd/New York NY 3.6% 12/7/2018 ‘EMTN’ 12,000,000 CNY 1,793,190 1,746,854 0.05 Bank of Communications Co Ltd FRN 3/10/2024 8,000,000 USD 8,074,280 8,227,120 0.25 CCB Life Insurance Co Ltd FRN 21/4/2077 7,400,000 USD 7,400,000 7,520,472 0.23 China Construction Bank Corp FRN 13/5/2025 14,400,000 USD 14,363,850 14,663,952 0.46 China Construction Bank Corp/Singapore 3.25% 22/8/2018 ‘EMTN’ 15,000,000 CNY 2,257,539 2,178,040 0.07 China Development Bank 2.125% 1/6/2021 ‘EMTN’ 8,000,000 USD 7,977,601 7,866,320 0.23 China Development Bank 3% 1/6/2026 ‘EMTN’ 3,000,000 USD 2,988,106 2,930,070 0.09 China Development Bank 4% 24/1/2037 ‘EMTN’ 2,700,000 USD 2,700,000 2,783,781 0.09 China Life Insurance Co Ltd FRN 3/7/2075 10,000,000 USD 9,803,277 10,127,600 0.32 Chong Qing Grain Group Co Ltd 4.02% 14/7/2019 6,000,000 CNY 896,031 864,521 0.03 Export-Import Bank of China/The 2% 26/4/2021 3,600,000 USD 3,586,386 3,526,308 0.11 Export-Import Bank of China/The 2.875% 26/4/2026 6,700,000 USD 6,638,669 6,451,832 0.20 Huachen Energy Co Ltd 6.625% 18/5/2020 3,700,000 USD 3,700,000 3,655,415 0.11 Industrial & Commercial Bank of China Ltd 4.875% 21/9/2025 ‘REGS’ 5,000,000 USD 4,966,680 5,323,400 0.16 Industrial & Commercial Bank of China Ltd/Dubai DIFC 2.625% 26/5/2020 ‘EMTN’ 5,000,000 USD 4,969,774 4,974,250 0.15 Industrial & Commercial Bank of China Ltd/Hong Kong 1.875% 23/5/2019 ‘EMTN’ 11,300,000 USD 11,272,607 11,186,322 0.35 Industrial & Commercial Bank of China Ltd/Luxembourg 1.875% 14/7/2019 ‘EMTN’ 7,000,000 USD 6,983,209 6,920,340 0.21 Industrial & Commercial Bank of China Ltd/New York 2.635% 26/5/2021 ‘MTN’ 8,000,000 USD 8,000,000 7,934,944 0.24 Industrial & Commercial Bank of China Ltd/Singapore 1.875% 11/8/2019 ‘EMTN’ 9,000,000 USD 8,998,121 8,897,490 0.27 Industrial & Commercial Bank of China Ltd/Singapore 2% 10/5/2019 ‘EMTN’ 6,000,000 USD 5,998,573 5,954,220 0.18 Industrial & Commercial Bank of China Ltd/Singapore 2.75% 12/9/2017 ‘EMTN’ 1,000,000 USD 999,929 1,001,540 0.03 Industrial & Commercial Bank of China Ltd/Singapore 3.2% 19/9/2018 ‘EMTN’ 18,800,000 CNY 2,717,139 2,716,036 0.08 Shenzhen Expressway Co Ltd 2.875% 18/7/2021 1,100,000 USD 1,095,201 1,090,166 0.03 Shougang Corp 3.375% 9/12/2019 7,000,000 USD 6,973,313 7,025,270 0.22 Xin Jiang Guang Hui Industry Investment Group Co Ltd 7.875% 30/3/2020 2,400,000 USD 2,381,385 2,350,944 0.07 188,561,710 189,627,048 5.81

Germany Landesbank Baden-Wuerttemberg FRN 18/5/2027 ‘EMTN’ 1,500,000 SGD 1,067,913 1,095,662 0.03

Hong Kong AIA Group Ltd 3.125% 13/3/2023 ‘EMTN’ 1,900,000 USD 1,854,232 1,916,834 0.06 AIA Group Ltd 3.2% 11/3/2025 ‘REGS’ 3,000,000 USD 3,028,466 2,978,880 0.09 AIA Group Ltd 4.5% 16/3/2046 ‘REGS’ 1,500,000 USD 1,481,834 1,600,710 0.05 AIA Group Ltd 4.875% 11/3/2044 ‘REGS’ 5,000,000 USD 5,428,134 5,610,800 0.17 Anhui Transportation Holding Group HK Ltd 2.875% 11/6/2018 2,600,000 USD 2,602,948 2,600,000 0.08 Bank of China Hong Kong Ltd 5.55% 11/2/2020 ‘REGS’ 10,200,000 USD 10,429,710 10,926,240 0.34 Bank of East Asia Ltd/The FRN 3/11/2026 12,250,000 USD 12,106,217 12,260,535 0.39 Bank of East Asia Ltd/The FRN 20/11/2024 ‘EMTN’ 13,200,000 USD 13,247,624 13,394,040 0.42 Bank of East Asia Ltd/The FRN Perpetual ‘EMTN’ 4,700,000 USD 4,599,119 4,727,683 0.14 Bank of East Asia Ltd/The FRN Perpetual 2,000,000 USD 2,000,000 2,007,260 0.06 Bao-trans Enterprises Ltd 3.75% 12/12/2018 ‘REGS’ 4,000,000 USD 4,009,479 4,054,760 0.12 BCEG HongKong Co Ltd 3.85% 10/6/2018 7,400,000 USD 7,407,327 7,419,240 0.23 Beijing State-Owned Assets Management Hong Kong Co Ltd 3% 26/5/2020 7,000,000 USD 6,944,441 7,008,750 0.21 CGNPC International Ltd 4% 19/5/2025 5,000,000 USD 5,022,423 5,148,350 0.16 Chalieco Hong Kong Corp Ltd FRN Perpetual 1,500,000 USD 1,500,000 1,548,960 0.05 China CITIC Bank International Ltd FRN 28/9/2022 ‘EMTN’ 5,600,000 USD 5,566,389 5,613,608 0.17 China CITIC Bank International Ltd FRN 7/5/2024 ‘EMTN’ 2,200,000 USD 2,250,323 2,296,382 0.07 China Construction Bank Asia Corp Ltd FRN 20/8/2024 ‘EMTN’ 3,800,000 USD 3,788,538 3,885,500 0.12 China Uranium Development Co Ltd 3.5% 8/10/2018 2,000,000 USD 1,996,715 2,029,880 0.06

54 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Chong Hing Bank Ltd 6% 4/11/2020 2,900,000 USD 2,915,209 3,070,433 0.09 CITIC Ltd 2.8% 14/12/2021 ‘EMTN’ 5,000,000 USD 4,998,990 4,957,200 0.15 CITIC Ltd 3.125% 28/2/2022 ‘EMTN’ 6,000,000 USD 5,995,365 6,009,600 0.18 CITIC Ltd 3.7% 14/6/2026 ‘EMTN’ 5,000,000 USD 4,990,388 4,968,250 0.15 CITIC Ltd 3.875% 28/2/2027 ‘EMTN’ 5,600,000 USD 5,599,135 5,600,224 0.17 CITIC Ltd 6.375% 10/4/2020 ‘EMTN’ 1,800,000 USD 1,800,000 1,964,250 0.06 CITIC Ltd 6.8% 17/1/2023 ‘EMTN’ 6,000,000 USD 6,314,958 7,035,000 0.22 CITIC Ltd 6.875% 21/1/2018 ‘EMTN’ 6,200,000 USD 6,200,487 6,361,076 0.19 CRCC Yupeng Ltd FRN Perpetual 3,900,000 USD 3,968,077 3,978,000 0.12 CRCC Yuxiang Ltd 3.5% 16/5/2023 ‘REGS’ 8,000,000 USD 7,914,850 8,109,600 0.26 Dah Sing Bank Ltd FRN 30/11/2026 ‘EMTN’ 5,000,000 USD 4,984,718 5,040,150 0.15 Dah Sing Bank Ltd FRN 29/1/2024 ‘EMTN’ 3,000,000 USD 3,086,875 3,089,370 0.09 Dr Peng Holding HongKong Ltd 5.05% 1/6/2020 2,400,000 USD 2,400,000 2,401,032 0.07 Henson Finance Ltd 5.5% 17/9/2019 3,400,000 USD 3,398,305 3,608,080 0.11 Hero Asia Investment Ltd 2.875% 3/10/2017 4,400,000 USD 4,397,305 4,405,368 0.13 HKCG Finance Ltd 6.25% 7/8/2018 ‘REGS’ 2,000,000 USD 2,001,219 2,085,040 0.06 Hong Kong Sukuk 2017 Ltd 3.132% 28/2/2027 5,000,000 USD 5,049,947 5,018,900 0.15 ICBCIL Finance Co Ltd 2.125% 29/9/2019 ‘REGS’ 7,000,000 USD 6,983,954 6,896,540 0.21 ICBCIL Finance Co Ltd 2.375% 19/5/2019 ‘REGS’ 6,400,000 USD 6,390,095 6,353,280 0.19 ICBCIL Finance Co Ltd 2.625% 19/3/2018 13,000,000 USD 13,014,684 13,049,790 0.41 ICBCIL Finance Co Ltd 2.75% 19/5/2021 ‘REGS’ 7,000,000 USD 6,956,336 6,896,820 0.21 ICBCIL Finance Co Ltd 3% 5/4/2020 ‘EMTN’ 10,000,000 USD 9,987,572 10,041,200 0.32 ICBCIL Finance Co Ltd 3.2% 10/11/2020 ‘REGS’ 5,000,000 USD 5,067,363 5,031,900 0.15 ICBCIL Finance Co Ltd 3.25% 17/3/2020 5,000,000 USD 5,022,778 5,038,900 0.15 ICBCIL Finance Co Ltd 3.375% 5/4/2022 ‘EMTN’ 3,300,000 USD 3,288,283 3,325,575 0.10 ICBCIL Finance Co Ltd 3.625% 19/5/2026 ‘REGS’ 2,500,000 USD 2,475,030 2,475,775 0.08 Industrial & Commercial Bank of China Asia Ltd FRN Perpetual 6,300,000 USD 6,300,000 6,282,045 0.19 Leading Affluence Ltd 4.5% 24/1/2023 5,000,000 USD 4,781,889 5,023,750 0.15 MCC Holding Hong Kong Corp Ltd 2.95% 31/5/2020 2,300,000 USD 2,295,891 2,300,207 0.07 Shanhai Hong Kong International Investments Ltd 3.875% 20/4/2020 2,900,000 USD 2,893,047 2,925,375 0.09 Swire Properties MTN Financing Ltd 3.625% 13/1/2026 ‘EMTN’ 3,800,000 USD 3,789,244 3,855,594 0.12 Vanke Real Estate Hong Kong Co Ltd 3.95% 23/12/2019 ‘EMTN’ 4,000,000 USD 3,995,384 4,087,840 0.13 Weichai International Hong Kong Energy Group Co Ltd 4.125% 30/9/2020 300,000 USD 299,382 304,125 0.01 Wharf Finance Ltd 6.125% 6/11/2017 ‘EMTN’ 2,800,000 USD 2,803,175 2,838,248 0.09 Wheelock Finance Ltd 2.75% 2/7/2017 5,000,000 USD 5,000,177 5,000,150 0.15 Wheelock Finance Ltd 3% 19/3/2018 ‘EMTN’ 7,300,000 USD 7,317,895 7,318,177 0.22 Wing Lung Bank Ltd FRN 7/11/2022 ‘EMTN’ 5,200,000 USD 5,126,021 5,202,548 0.16 Yancoal International Resources Development Co Ltd FRN Perpetual 1,500,000 USD 1,500,000 1,516,875 0.05 276,567,947 280,494,699 8.59

India Adani Transmission Ltd 4% 3/8/2026 ‘REGS’ 6,000,000 USD 5,939,623 6,007,080 0.19 Axis Bank Ltd/Dubai 2.875% 1/6/2021 ‘REGS’ 6,000,000 USD 5,994,502 5,951,220 0.18 Axis Bank Ltd/Dubai 3.25% 21/5/2020 ‘REGS’ 4,000,000 USD 3,992,772 4,044,640 0.12 Axis Bank Ltd/Dubai 5.125% 5/9/2017 ‘REGS’ 5,000,000 USD 5,003,988 5,024,950 0.15 Bharti Airtel Ltd 4.375% 10/6/2025 ‘REGS’ 8,000,000 USD 7,993,895 7,990,000 0.25 Canara Bank/London 5.25% 18/10/2018 ‘EMTN’ 2,000,000 USD 1,998,805 2,064,980 0.06 Export-Import Bank of India 2.75% 1/4/2020 ‘EMTN’ 2,500,000 USD 2,489,865 2,496,525 0.08 Export-Import Bank of India 3.125% 20/7/2021 ‘EMTN’ 3,000,000 USD 3,000,000 3,021,300 0.09 Export-Import Bank of India 3.375% 5/8/2026 ‘REGS’ 2,700,000 USD 2,698,355 2,646,243 0.08 Export-Import Bank of India 3.875% 2/10/2019 ‘EMTN’ 1,600,000 USD 1,597,246 1,643,600 0.05 Export-Import Bank of India 8.15% 5/3/2025 300,000,000 INR 4,640,443 4,837,410 0.15 HPCL-Mittal Energy Ltd 5.25% 28/4/2027 2,100,000 USD 2,100,000 2,165,814 0.07 ICICI Bank Ltd/Dubai 3.125% 12/8/2020 ‘GMTN’ 2,200,000 USD 2,205,519 2,216,368 0.07 ICICI Bank Ltd/Dubai 4% 18/3/2026 ‘REGS’ 3,000,000 USD 3,021,496 3,025,320 0.09 ICICI Bank Ltd/Dubai 4.7% 21/2/2018 ‘REGS’ 2,800,000 USD 2,803,620 2,845,584 0.09 ICICI Bank Ltd/Dubai 4.8% 22/5/2019 ‘REGS’ 2,500,000 USD 2,496,638 2,599,450 0.08 IDBI Bank Ltd/DIFC Dubai 3.75% 25/1/2019 ‘EMTN’ 3,200,000 USD 3,198,160 3,211,744 0.10 IDBI Bank Ltd/DIFC Dubai 4.375% 26/3/2018 ‘EMTN’ 1,600,000 USD 1,599,689 1,614,064 0.05 India Government Bond 7.28% 3/6/2019 400,000,000 INR 6,507,261 6,283,723 0.19 India Government Bond 7.59% 11/1/2026 300,000,000 INR 4,559,078 4,859,363 0.15 India Government Bond 8.07% 3/7/2017 150,000,000 INR 2,764,802 2,320,728 0.07

55 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India Government Bond 8.79% 8/11/2021 250,000,000 INR 4,041,385 4,166,816 0.13 Indian Oil Corp Ltd 5.75% 1/8/2023 ‘EMTN’ 2,200,000 USD 2,200,000 2,469,742 0.08 Indian Railway Finance Corp Ltd 3.417% 10/10/2017 1,800,000 USD 1,800,000 1,806,696 0.06 JSW Steel Ltd 4.75% 12/11/2019 1,700,000 USD 1,562,094 1,725,500 0.05 JSW Steel Ltd 5.25% 13/4/2022 4,000,000 USD 4,000,000 4,050,000 0.12 NTPC Ltd 7.375% 10/8/2021 ‘EMTN’ 200,000,000 INR 2,994,013 3,134,745 0.10 Oil India Ltd 5.375% 17/4/2024 1,900,000 USD 1,893,904 2,098,018 0.06 ONGC Videsh Ltd 3.25% 15/7/2019 ‘REGS’ 3,000,000 USD 2,994,466 3,036,930 0.09 ONGC Videsh Ltd 3.75% 7/5/2023 ‘REGS’ 3,300,000 USD 3,196,116 3,352,866 0.10 ONGC Videsh Ltd 4.625% 15/7/2024 ‘REGS’ 5,000,000 USD 5,004,205 5,304,800 0.16 Power Finance Corp Ltd 8.55% 9/12/2021 250,000,000 INR 3,929,259 4,036,938 0.12 Power Finance Corp Ltd 8.65% 28/11/2019 250,000,000 INR 3,854,888 3,989,249 0.12 Power Grid Corp of India Ltd 8.2% 23/1/2020 450,000,000 INR 7,029,802 7,137,275 0.23 Reliance Industries Ltd 4.125% 28/1/2025 ‘REGS’ 16,000,000 USD 15,840,624 16,579,999 0.52 Rural Electrification Corp Ltd 3.875% 7/7/2027 ‘EMTN’ 5,400,000 USD 5,360,202 5,360,202 0.16 Rural Electrification Corp Ltd 8.3% 10/4/2025 100,000,000 INR 1,555,998 1,621,165 0.05 Rural Electrification Corp Ltd 8.56% 13/11/2019 250,000,000 INR 3,928,274 3,984,685 0.12 State Bank of India/Dubai FRN Perpetual ‘EMTN’ 3,000,000 USD 3,000,000 3,061,020 0.09 State Bank of India/London 3.25% 18/4/2018 ‘REGS’ 3,500,000 USD 3,499,464 3,530,485 0.11 Tata Motors Ltd 4.625% 30/4/2020 2,000,000 USD 2,000,000 2,070,000 0.06 Tata Motors Ltd 5.75% 30/10/2024 1,300,000 USD 1,300,000 1,425,125 0.04 157,590,451 160,812,362 4.93

Indonesia Bank Rakyat Indonesia Persero Tbk PT 2.95% 28/3/2018 ‘REGS’ 2,400,000 USD 2,397,141 2,404,728 0.07 Bukit Makmur Mandiri Utama PT 7.75% 13/2/2022 ‘REGS’ 2,500,000 USD 2,489,856 2,557,000 0.08 Indonesia Government International Bond 3.375% 15/4/2023 ‘REGS’ 5,000,000 USD 4,619,987 5,031,250 0.15 Indonesia Government International Bond 3.7% 8/1/2022 ‘REGS’ 2,000,000 USD 2,055,719 2,054,000 0.06 Indonesia Government International Bond 3.75% 25/4/2022 ‘REGS’ 10,300,000 USD 10,234,969 10,596,125 0.32 Indonesia Government International Bond 4.125% 15/1/2025 ‘REGS’ 10,000,000 USD 9,912,275 10,362,500 0.32 Indonesia Government International Bond 4.35% 8/1/2027 ‘REGS’ 5,000,000 USD 5,116,761 5,250,000 0.16 Indonesia Government International Bond 4.625% 15/4/2043 ‘REGS’ 7,000,000 USD 6,056,764 7,140,000 0.22 Indonesia Government International Bond 4.75% 8/1/2026 ‘REGS’ 2,550,000 USD 2,542,356 2,750,813 0.08 Indonesia Government International Bond 4.875% 5/5/2021 ‘REGS’ 1,500,000 USD 1,515,914 1,612,500 0.05 Indonesia Government International Bond 5.125% 15/1/2045 ‘REGS’ 14,000,000 USD 13,842,663 15,172,499 0.47 Indonesia Government International Bond 5.25% 17/1/2042 ‘REGS’ 12,700,000 USD 12,912,825 13,890,624 0.44 Indonesia Government International Bond 5.25% 8/1/2047 ‘REGS’ 3,000,000 USD 3,268,953 3,307,500 0.10 Indonesia Government International Bond 5.375% 17/10/2023 ‘REGS’ 3,000,000 USD 2,980,628 3,345,000 0.10 Indonesia Government International Bond 5.875% 13/3/2020 ‘REGS’ 6,750,000 USD 6,954,442 7,382,813 0.23 Indonesia Government International Bond 5.95% 8/1/2046 ‘REGS’ 3,000,000 USD 2,957,146 3,592,500 0.11 Indonesia Government International Bond 6.625% 17/2/2037 ‘REGS’ 6,000,000 USD 6,317,095 7,492,500 0.23 Indonesia Government International Bond 6.75% 15/1/2044 ‘REGS’ 5,500,000 USD 6,035,906 7,143,125 0.22 Indonesia Government International Bond 6.875% 17/1/2018 ‘REGS’ 9,000,000 USD 9,023,854 9,236,250 0.28 Indonesia Government International Bond 7.75% 17/1/2038 ‘REGS’ 9,625,000 USD 11,355,067 13,438,906 0.41 Indonesia Government International Bond 8.5% 12/10/2035 ‘REGS’ 8,000,000 USD 9,523,464 11,630,000 0.36 Indonesia Government International Bond 11.625% 4/3/2019 ‘REGS’ 3,370,000 USD 3,506,968 3,896,563 0.12 Indosat Tbk PT 8.15% 31/5/2020 31,000,000,000 IDR 2,326,978 2,338,345 0.07 Indosat Tbk PT 10% 12/12/2017 30,000,000,000 IDR 2,320,767 2,282,949 0.07 Japfa Comfeed Indonesia Tbk PT 5.5% 31/3/2022 2,600,000 USD 2,606,437 2,589,860 0.08 Lembaga Pembiayaan Ekspor Indonesia 3.875% 6/4/2024 ‘EMTN’ 2,300,000 USD 2,309,154 2,326,358 0.07 Pelabuhan Indonesia II PT 4.25% 5/5/2025 ‘REGS’ 8,000,000 USD 7,771,630 8,120,000 0.25 Pelabuhan Indonesia II PT 5.375% 5/5/2045 ‘REGS’ 4,800,000 USD 4,451,638 4,890,000 0.15 Pelabuhan Indonesia III Persero PT 4.875% 1/10/2024 ‘REGS’ 3,000,000 USD 2,986,964 3,195,000 0.10 Pertamina Persero PT 4.3% 20/5/2023 ‘REGS’ 7,000,000 USD 6,701,003 7,245,000 0.22 Pertamina Persero PT 4.875% 3/5/2022 ‘REGS’ 5,100,000 USD 5,047,464 5,453,736 0.17 Pertamina Persero PT 5.25% 23/5/2021 ‘REGS’ 3,800,000 USD 3,779,526 4,118,250 0.13 Pertamina Persero PT 5.625% 20/5/2043 ‘REGS’ 8,200,000 USD 7,420,738 8,565,228 0.26 Pertamina Persero PT 6% 3/5/2042 ‘REGS’ 6,300,000 USD 5,937,300 6,862,149 0.21 Pertamina Persero PT 6.45% 30/5/2044 ‘REGS’ 5,500,000 USD 5,436,361 6,283,145 0.19 Pertamina Persero PT 6.5% 27/5/2041 ‘REGS’ 2,000,000 USD 1,981,465 2,294,360 0.07 Perusahaan Gas Negara Persero Tbk 5.125% 16/5/2024 ‘REGS’ 2,000,000 USD 2,002,964 2,165,000 0.07 Perusahaan Listrik Negara PT 4.125% 15/5/2027 ‘REGS’ 8,000,000 USD 7,913,606 7,910,000 0.24 Perusahaan Listrik Negara PT 5.25% 24/10/2042 ‘REGS’ 4,700,000 USD 4,668,046 4,725,427 0.14

56 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Perusahaan Listrik Negara PT 5.5% 22/11/2021 ‘REGS’ 4,400,000 USD 4,431,839 4,822,532 0.15 Perusahaan Penerbit SBSN Indonesia III 3.4% 29/3/2021 ‘REGS’ 2,000,000 USD 2,024,307 2,030,000 0.06 Perusahaan Penerbit SBSN Indonesia III 4.15% 29/3/2027 ‘REGS’ 5,000,000 USD 5,098,340 5,100,000 0.16 Perusahaan Penerbit SBSN Indonesia III 4.325% 28/5/2025 ‘REGS’ 6,000,000 USD 6,193,570 6,210,000 0.19 Perusahaan Penerbit SBSN Indonesia III 4.35% 10/9/2024 ‘REGS’ 5,000,000 USD 5,291,173 5,224,150 0.16 Perusahaan Penerbit SBSN Indonesia III 4.55% 29/3/2026 ‘REGS’ 6,100,000 USD 6,162,899 6,405,000 0.20 Saka Energi Indonesia PT 4.45% 5/5/2024 ‘REGS’ 2,200,000 USD 2,196,071 2,216,500 0.07 242,680,993 262,660,185 8.06

Isle of Man Gohl Capital Ltd 4.25% 24/1/2027 7,700,000 USD 7,670,344 7,978,971 0.24

Japan Dai-ichi Life Insurance Co Ltd/The FRN Perpetual ‘REGS’ 17,000,000 USD 16,591,894 16,936,250 0.52 Fukoku Mutual Life Insurance Co FRN Perpetual 2,600,000 USD 2,598,382 2,709,408 0.08 Meiji Yasuda Life Insurance Co FRN 20/10/2045 ‘REGS’ 1,950,000 USD 1,950,000 2,090,654 0.06 Mitsubishi UFJ Financial Group Inc 2.527% 13/9/2023 2,000,000 USD 2,000,000 1,957,210 0.06 Mizuho Financial Group Inc 2.273% 13/9/2021 6,000,000 USD 6,000,000 5,906,844 0.18 Mizuho Financial Group Inc 2.839% 13/9/2026 5,000,000 USD 5,000,000 4,836,245 0.15 Mizuho Financial Group Inc 4.353% 20/10/2025 ‘REGS’ 4,300,000 USD 4,300,000 4,519,343 0.14 Sumitomo Mitsui Financial Group Inc 2.058% 14/7/2021 3,000,000 USD 3,000,000 2,949,888 0.09 Sumitomo Mitsui Financial Group Inc 2.632% 14/7/2026 4,000,000 USD 4,000,000 3,803,788 0.12 45,440,276 45,709,630 1.40

Luxembourg Doosan Power System SA FRN 3/12/2045 5,000,000 USD 4,987,919 4,987,750 0.15

Macau Industrial & Commercial Bank of China Macau Ltd FRN 10/9/2024 2,000,000 USD 1,999,816 2,029,520 0.06

Malaysia Danga Capital Bhd 3.035% 1/3/2021 ‘EMTN’ 5,000,000 USD 5,000,000 5,027,100 0.15 Export-Import Bank of Malaysia Bhd 2.875% 14/12/2017 ‘EMTN’ 3,000,000 USD 3,003,060 3,018,720 0.09 IOI Investment L Bhd 4.375% 27/6/2022 ‘EMTN’ 2,000,000 USD 1,992,899 2,082,900 0.06 Malayan Banking Bhd FRN 20/9/2022 ‘EMTN’ 8,900,000 USD 8,877,358 8,911,125 0.28 Malayan Banking Bhd FRN 29/10/2026 6,500,000 USD 6,500,000 6,618,885 0.20 Malaysia Sovereign Sukuk Bhd 3.043% 22/4/2025 ‘REGS’ 5,000,000 USD 4,880,054 4,982,300 0.15 Petronas Capital Ltd 3.5% 18/3/2025 ‘REGS’ 6,000,000 USD 5,921,146 6,194,640 0.19 Petronas Capital Ltd 4.5% 18/3/2045 ‘REGS’ 6,000,000 USD 6,054,961 6,610,380 0.20 Petronas Capital Ltd 5.25% 12/8/2019 ‘REGS’ 13,000,000 USD 13,144,694 13,847,080 0.43 Petronas Capital Ltd 7.875% 22/5/2022 ‘REGS’ 5,696,000 USD 6,375,266 7,035,300 0.22 RHB Bank Bhd 2.503% 6/10/2021 ‘EMTN’ 8,000,000 USD 7,998,464 7,855,600 0.24 TNB Global Ventures Capital Bhd 3.244% 19/10/2026 ‘EMTN’ 6,700,000 USD 6,700,000 6,529,887 0.20 76,447,902 78,713,917 2.41

Mauritius Greenko Investment Co 4.875% 16/8/2023 ‘REGS’ 2,900,000 USD 2,900,000 2,843,305 0.09 HT Global IT Solutions Holdings Ltd 7% 14/7/2021 ‘REGS’ 2,200,000 USD 2,190,809 2,312,750 0.07 Neerg Energy Ltd 6% 13/2/2022 ‘REGS’ 3,000,000 USD 3,000,000 3,059,370 0.09 UPL Corp Ltd 3.25% 13/10/2021 ‘REGS’ 6,000,000 USD 5,997,642 5,998,320 0.19 14,088,451 14,213,745 0.44

Mongolia Mongolia Government International Bond 4.125% 5/1/2018 ‘REGS’ 3,300,000 USD 3,259,815 3,283,500 0.10 Mongolia Government International Bond 5.125% 5/12/2022 ‘REGS’ 3,500,000 USD 3,262,856 3,298,750 0.10 Trade & Development Bank of Mongolia LLC 9.375% 19/5/2020 ‘REGS’ 3,000,000 USD 3,053,516 3,195,720 0.10 9,576,187 9,777,970 0.30

Netherlands Bharti Airtel International Netherlands BV 5.125% 11/3/2023 ‘REGS’ 8,300,000 USD 8,171,966 8,746,125 0.27 Bharti Airtel International Netherlands BV 5.35% 20/5/2024 ‘REGS’ 4,000,000 USD 4,187,615 4,230,000 0.13

57 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Indo Energy Finance II BV 6.375% 24/1/2023 ‘REGS’ 7,800,000 USD 7,015,412 7,283,250 0.22 Jababeka International BV 6.5% 5/10/2023 ‘REGS’ 3,261,000 USD 3,291,586 3,378,657 0.10 Jain International Trading BV 7.125% 1/2/2022 12,400,000 USD 12,256,077 12,350,896 0.37 Majapahit Holding BV 7.75% 20/1/2020 ‘REGS’ 6,000,000 USD 6,204,279 6,719,040 0.21 Majapahit Holding BV 7.875% 29/6/2037 ‘REGS’ 2,000,000 USD 2,617,464 2,595,740 0.08 Majapahit Holding BV 8% 7/8/2019 ‘REGS’ 2,700,000 USD 2,739,919 3,013,389 0.09 PB International BV 7.625% 26/1/2022 2,800,000 USD 2,786,954 2,914,940 0.09 Royal Capital BV 4.875% FRN Perpetual 12,000,000 USD 11,628,261 11,981,280 0.37 Royal Capital BV 5.5% FRN Perpetual 9,400,000 USD 9,222,222 9,731,256 0.30 Samvardhana Motherson Automotive Systems Group BV 4.875% 16/12/2021 3,000,000 USD 3,058,618 3,127,500 0.10 73,180,373 76,072,073 2.33

Pakistan Pakistan Government International Bond 8.25% 15/4/2024 ‘REGS’ 1,400,000 USD 1,476,973 1,589,000 0.05 Second Pakistan International Sukuk Co Ltd/The 6.75% 3/12/2019 ‘REGS’ 4,200,000 USD 4,215,655 4,436,250 0.14 Third Pakistan International Sukuk Co Ltd/The 5.5% 13/10/2021 ‘REGS’ 5,200,000 USD 5,200,000 5,406,960 0.16 10,892,628 11,432,210 0.35

Philippines Megaworld Corp 4.25% 17/4/2023 1,450,000 USD 1,452,795 1,453,248 0.04 Petron Corp FRN Perpetual ‘REGS’ 8,900,000 USD 9,101,652 9,300,500 0.29 Philippine Government International Bond 3.7% 1/3/2041 6,087,000 USD 6,087,000 6,208,740 0.19 Philippine Government International Bond 3.7% 2/2/2042 9,626,000 USD 9,626,000 9,772,460 0.30 Philippine Government International Bond 3.9% 26/11/2022 46,000,000 PHP 997,106 910,255 0.03 Philippine Government International Bond 3.95% 20/1/2040 9,000,000 USD 9,210,330 9,438,750 0.29 Philippine Government International Bond 4.2% 21/1/2024 400,000 USD 400,000 438,000 0.01 Philippine Government International Bond 4.95% 15/1/2021 100,000,000 PHP 2,360,454 2,063,635 0.06 Philippine Government International Bond 5% 13/1/2037 7,700,000 USD 7,807,538 9,172,625 0.28 Philippine Government International Bond 5.5% 30/3/2026 2,000,000 USD 1,996,409 2,405,000 0.07 Philippine Government International Bond 6.375% 15/1/2032 5,000,000 USD 5,217,457 6,562,500 0.20 Philippine Government International Bond 6.375% 23/10/2034 9,700,000 USD 10,175,752 13,082,875 0.40 Philippine Government International Bond 7.5% 25/9/2024 2,000,000 USD 2,285,671 2,560,000 0.08 Philippine Government International Bond 7.75% 14/1/2031 8,000,000 USD 8,735,027 11,580,000 0.35 Philippine Government International Bond 9.5% 21/10/2024 2,000,000 USD 2,364,789 2,895,000 0.09 Philippine Government International Bond 9.5% 2/2/2030 8,350,000 USD 9,749,520 13,433,063 0.42 Power Sector Assets & Liabilities Management Corp 7.25% 27/5/2019 ‘REGS’ 5,900,000 USD 6,030,199 6,475,250 0.20 Power Sector Assets & Liabilities Management Corp 7.39% 2/12/2024 ‘REGS’ 5,400,000 USD 5,764,821 6,959,250 0.21 Security Bank Corp 3.95% 3/2/2020 1,100,000 USD 1,100,000 1,134,771 0.03 SM Investments Corp 4.875% 10/6/2024 3,600,000 USD 3,585,678 3,792,384 0.12 SM Investments Corp 5.5% 13/10/2017 1,920,000 USD 1,919,428 1,936,800 0.06 SMC Global Power Holdings Corp FRN Perpetual ‘REGS’ 6,750,000 USD 6,676,920 7,138,125 0.22 SMC Global Power Holdings Corp FRN Perpetual 1,900,000 USD 1,814,857 2,035,375 0.06 114,459,403 130,748,606 4.00

Singapore ABJA Investment Co Pte Ltd 5.95% 31/7/2024 5,500,000 USD 5,321,568 5,823,125 0.18 Alam Synergy Pte Ltd 6.625% 24/4/2022 2,000,000 USD 1,995,287 1,990,340 0.06 Alam Synergy Pte Ltd 6.95% 27/3/2020 ‘REGS’ 1,400,000 USD 1,391,106 1,422,750 0.04 APL Realty Holdings Pte Ltd 5.95% 2/6/2024 6,000,000 USD 5,976,000 5,813,700 0.18 Ascott REIT MTN Pte Ltd 4.205% 23/11/2022 ‘MTN’ 2,000,000 SGD 1,409,248 1,540,114 0.05 Ascott Residence Trust FRN Perpetual 4,000,000 SGD 3,137,632 3,012,635 0.09 BOC Aviation Ltd 2.375% 15/9/2021 ‘REGS’ 3,000,000 USD 2,979,147 2,925,780 0.09 BOC Aviation Ltd 3% 23/5/2022 ‘GMTN’ 3,500,000 USD 3,481,920 3,483,060 0.11 BOC Aviation Ltd 3.875% 9/5/2019 5,000,000 USD 5,048,458 5,100,150 0.16 BPRL International Singapore Pte Ltd 4.375% 18/1/2027 ‘EMTN’ 5,000,000 USD 4,997,711 5,173,850 0.16 CapitaLand Treasury Ltd 4.076% 20/9/2022 ‘EMTN’ 4,000,000 USD 3,983,643 4,154,240 0.13 DBS Bank Ltd FRN 21/9/2022 ‘REGS’ 2,000,000 USD 1,988,250 2,005,820 0.06 DBS Group Holdings Ltd FRN 19/4/2026 ‘GMTN’ 80,000,000 HKD 10,315,777 10,232,743 0.31

58 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

DBS Group Holdings Ltd FRN Perpetual ‘GMTN’ 6,000,000 USD 6,000,000 5,977,500 0.18 Global Logistic Properties Ltd 3.875% 4/6/2025 ‘EMTN’ 19,000,000 USD 18,365,113 18,382,500 0.55 Golden Legacy Pte Ltd 6.875% 27/3/2024 ‘REGS’ 1,000,000 USD 988,693 991,440 0.03 Golden Legacy Pte Ltd 8.25% 7/6/2021 ‘REGS’ 3,400,000 USD 3,400,000 3,629,500 0.11 Indika Energy Capital II Pte Ltd 6.875% 10/4/2022 ‘REGS’ 3,800,000 USD 3,788,701 3,724,000 0.11 Jubilant Pharma Ltd/SG 4.875% 6/10/2021 3,000,000 USD 2,959,881 3,045,000 0.09 Keppel REIT FRN Perpetual ‘MTN’ 3,250,000 SGD 2,320,488 2,471,614 0.08 Lippo Malls Indonesia Retail Trust FRN Perpetual ‘MTN’ 5,000,000 SGD 3,673,099 3,769,245 0.12 Mapletree Treasury Services Ltd FRN Perpetual ‘MTN’ 1,250,000 SGD 991,943 910,645 0.03 Marble II Pte Ltd 5.3% 20/6/2022 ‘REGS’ 7,700,000 USD 7,700,000 7,728,875 0.24 Marquee Land Pte Ltd 9.75% 5/8/2019 ‘REGS’ 288,333 USD 279,290 305,273 0.01 Modernland Overseas Pte Ltd 6.95% 13/4/2024 7,800,000 USD 7,800,000 7,790,250 0.24 ONGC Videsh Vankorneft Pte Ltd 2.875% 27/1/2022 8,400,000 USD 8,400,000 8,303,736 0.25 ONGC Videsh Vankorneft Pte Ltd 3.75% 27/7/2026 8,000,000 USD 7,986,230 7,916,960 0.24 Oversea-Chinese Banking Corp Ltd FRN 11/3/2023 ‘REGS’ 3,000,000 USD 3,006,604 3,015,000 0.09 Oversea-Chinese Banking Corp Ltd FRN 15/11/2022 ‘EMTN’ 7,000,000 USD 6,796,304 7,034,860 0.22 Oversea-Chinese Banking Corp Ltd FRN 15/10/2024 ‘REGS’ 9,700,000 USD 9,823,425 9,950,842 0.30 Oversea-Chinese Banking Corp Ltd 4% Perpetual 4,500,000 SGD 3,556,056 3,301,926 0.10 Oversea-Chinese Banking Corp Ltd 4.25% 19/6/2024 ‘REGS’ 5,900,000 USD 5,880,434 6,165,736 0.19 Pakuwon Prima Pte Ltd 5% 14/2/2024 3,200,000 USD 3,200,000 3,175,104 0.10 Pratama Agung Pte Ltd 6.25% 24/2/2020 3,000,000 USD 3,000,000 3,127,500 0.10 RH International Singapore Corp Pte Ltd 3.5% 2/5/2019 ‘EMTN’ 1,000,000 USD 999,901 1,017,500 0.03 Sabana Sukuk Pte Ltd 4.25% 3/4/2019 ‘MTN’ 1,250,000 SGD 986,656 844,171 0.03 SingTel Group Treasury Pte Ltd 2.375% 3/10/2026 ‘EMTN’ 10,000,000 USD 9,938,038 9,396,100 0.29 StarHub Ltd FRN Perpetual ‘MTN’ 2,750,000 SGD 1,992,483 2,014,288 0.06 TBG Global Pte Ltd 5.25% 10/2/2022 5,000,000 USD 4,767,213 5,187,500 0.16 Temasek Financial I Ltd 2.375% 23/1/2023 ‘REGS’ 1,000,000 USD 995,570 987,250 0.03 Theta Capital Pte Ltd 7% 11/4/2022 2,400,000 USD 2,475,731 2,496,000 0.08 TML Holdings Pte Ltd 5.75% 7/5/2021 2,200,000 USD 2,200,000 2,337,500 0.07 United Overseas Bank Ltd FRN 17/10/2022 ‘EMTN’ 4,000,000 USD 4,027,196 4,010,080 0.12 United Overseas Bank Ltd FRN 8/3/2027 ‘EMTN’ 12,600,000 USD 12,432,681 12,476,016 0.38 United Overseas Bank Ltd FRN 16/9/2026 ‘EMTN’ 5,000,000 USD 5,029,734 5,090,400 0.16 United Overseas Bank Ltd FRN 19/9/2024 ‘EMTN’ 3,600,000 USD 3,584,109 3,675,600 0.11 211,371,320 212,928,218 6.52

South Korea Busan Bank Co Ltd 3.625% 25/7/2026 ‘GMTN’ 8,000,000 USD 8,035,034 7,718,320 0.24 Doosan Heavy Industries & Construction Co Ltd 2.125% 27/4/2020 ‘REGS’ 2,500,000 USD 2,491,129 2,456,025 0.08 Export-Import Bank of Korea 2.125% 11/2/2021 3,000,000 USD 2,984,945 2,953,665 0.09 Export-Import Bank of Korea 2.25% 21/1/2020 3,500,000 USD 3,490,524 3,490,368 0.11 Export-Import Bank of Korea 2.5% 10/5/2021 3,000,000 USD 3,021,150 2,987,190 0.09 Export-Import Bank of Korea 2.875% 21/1/2025 6,000,000 USD 5,989,921 5,896,290 0.18 Export-Import Bank of Korea 4% 29/1/2021 2,000,000 USD 1,984,285 2,096,290 0.06 Export-Import Bank of Korea 5.125% 29/6/2020 2,000,000 USD 2,020,865 2,152,148 0.07 GS Caltex Corp 3% 12/6/2022 ‘REGS’ 3,000,000 USD 2,995,233 2,989,440 0.09 Hyundai Capital Services Inc 2.625% 29/9/2020 ‘REGS’ 9,000,000 USD 9,028,109 8,945,370 0.27 Hyundai Capital Services Inc 2.875% 16/3/2021 ‘REGS’ 5,500,000 USD 5,518,649 5,499,450 0.17 Hyundai Capital Services Inc 3% 6/3/2022 ‘REGS’ 3,800,000 USD 3,785,804 3,777,428 0.12 KEB Hana Bank 2.125% 18/10/2021 ‘REGS’ 800,000 USD 769,279 776,528 0.02 KEB Hana Bank 2.5% 27/1/2021 ‘EMTN’ 6,000,000 USD 5,990,413 5,943,960 0.18 KEB Hana Bank 3.5% 25/10/2017 ‘REGS’ 1,200,000 USD 1,199,996 1,204,188 0.04 KEB Hana Bank 4.625% 24/10/2023 ‘EMTN’ 1,300,000 USD 1,296,816 1,365,715 0.04 Kia Motors Corp 2.625% 21/4/2021 ‘REGS’ 4,500,000 USD 4,515,263 4,473,810 0.14 Korea Development Bank/The 2% 12/9/2026 5,000,000 USD 4,835,862 4,573,090 0.14 Korea Development Bank/The 2.25% 18/5/2020 5,000,000 USD 4,983,690 4,973,510 0.15 Korea Development Bank/The 2.5% 13/1/2021 3,000,000 USD 3,020,438 2,987,262 0.09 Korea Development Bank/The 2.875% 22/8/2018 2,500,000 USD 2,496,892 2,525,108 0.08 Korea Development Bank/The 3.5% 22/8/2017 4,000,000 USD 4,002,034 4,008,720 0.12 Korea Development Bank/The 4.625% 16/11/2021 4,100,000 USD 4,099,224 4,431,834 0.14 Korea East-West Power Co Ltd 2.5% 16/7/2017 ‘REGS’ 4,000,000 USD 3,999,874 4,000,680 0.12 Korea East-West Power Co Ltd 2.625% 19/6/2022 ‘REGS’ 8,000,000 USD 7,932,790 7,892,880 0.25

59 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Korea Gas Corp 3.875% 12/2/2024 ‘REGS’ 2,000,000 USD 1,991,863 2,096,220 0.06 Korea Gas Corp 6.25% 20/1/2042 ‘REGS’ 1,900,000 USD 1,925,865 2,632,545 0.08 Korea Hydro & Nuclear Power Co Ltd 2.375% 28/10/2019 ‘REGS’ 4,000,000 USD 3,990,187 4,001,080 0.12 Korea Hydro & Nuclear Power Co Ltd 3% 19/9/2022 ‘REGS’ 4,000,000 USD 3,868,999 4,035,280 0.12 Korea International Bond 7.125% 16/4/2019 8,200,000 USD 8,496,934 8,937,589 0.28 Korea National Oil Corp 2% 24/10/2021 ‘REGS’ 4,500,000 USD 4,318,346 4,368,015 0.13 Korea National Oil Corp 2.5% 24/10/2026 ‘REGS’ 5,000,000 USD 4,918,733 4,718,700 0.14 Korea National Oil Corp 3.25% 1/10/2025 ‘REGS’ 5,000,000 USD 4,986,383 5,030,800 0.15 Korea Water Resources Corp 2.75% 23/5/2022 6,000,000 USD 5,963,986 5,959,980 0.19 Korean Air Lines Co Ltd FRN 25/11/2045 2,500,000 USD 2,499,123 2,492,175 0.08 NongHyup Bank 1.875% 12/9/2021 ‘REGS’ 5,000,000 USD 4,981,254 4,828,700 0.15 NongHyup Bank 2.625% 1/11/2018 ‘GMTN’ 3,300,000 USD 3,309,137 3,320,097 0.10 Shinhan Bank FRN 7/12/2026 ‘GMTN’ 1,900,000 USD 1,891,475 1,939,292 0.06 Shinhan Bank 3.875% 24/3/2026 ‘REGS’ 2,400,000 USD 2,386,619 2,414,184 0.07 SK Telecom Co Ltd 6.625% 20/7/2027 ‘REGS’ 300,000 USD 322,732 382,350 0.01 Woori Bank 4.75% 30/4/2024 ‘REGS’ 1,700,000 USD 1,701,956 1,776,976 0.05 Woori Bank 4.5% FRN Perpetual ‘REGS’ 17,700,000 USD 17,529,722 17,559,816 0.54 Woori Bank 5.25% FRN Perpetual ‘REGS’ 3,900,000 USD 3,900,000 3,912,636 0.12 179,471,533 180,525,704 5.53

Sri Lanka Bank of Ceylon 5.325% 16/4/2018 1,000,000 USD 1,000,166 1,009,980 0.03 Sri Lanka Government International Bond 5.125% 11/4/2019 ‘REGS’ 4,500,000 USD 4,517,324 4,606,875 0.14 Sri Lanka Government International Bond 5.875% 25/7/2022 ‘REGS’ 5,600,000 USD 5,621,385 5,810,000 0.18 Sri Lanka Government International Bond 6.125% 3/6/2025 ‘REGS’ 6,000,000 USD 5,905,628 6,150,000 0.19 Sri Lanka Government International Bond 6.2% 11/5/2027 ‘REGS’ 1,400,000 USD 1,400,000 1,407,000 0.04 Sri Lanka Government International Bond 6.25% 4/10/2020 ‘REGS’ 3,000,000 USD 2,995,464 3,183,750 0.10 Sri Lanka Government International Bond 6.25% 27/7/2021 ‘REGS’ 5,000,000 USD 4,985,595 5,312,500 0.16 26,425,562 27,480,105 0.84

Thailand Bangkok Bank PCL/Hong Kong 2.75% 27/3/2018 ‘REGS’ 2,000,000 USD 1,999,105 2,007,460 0.06 Bangkok Bank PCL/Hong Kong 3.875% 27/9/2022 ‘REGS’ 2,300,000 USD 2,292,503 2,404,857 0.07 Bangkok Bank PCL/Hong Kong 9.025% 15/3/2029 ‘REGS’ 1,150,000 USD 1,237,209 1,610,702 0.05 Kasikornbank PCL/Hong Kong 2.375% 6/4/2022 ‘EMTN’ 7,000,000 USD 6,987,880 6,856,990 0.22 Krung Thai Bank PCL/Cayman Islands FRN 26/12/2024 ‘EMTN’ 5,900,000 USD 6,024,324 6,091,573 0.20 PTT Exploration & Production PCL FRN Perpetual ‘REGS’ 5,200,000 USD 5,153,683 5,310,500 0.16 PTT Global Chemical PCL 4.25% 19/9/2022 ‘REGS’ 5,000,000 USD 5,417,477 5,298,750 0.16 PTT PCL 3.375% 25/10/2022 ‘REGS’ 4,000,000 USD 3,991,599 4,077,440 0.12 PTT PCL 4.5% 25/10/2042 ‘REGS’ 1,400,000 USD 1,389,063 1,424,164 0.04 Siam Commercial Bank PCL/Hong Kong 3.375% 19/9/2017 ‘REGS’ 2,000,000 USD 1,998,956 2,002,520 0.06 Thai Oil PCL 3.625% 23/1/2023 ‘REGS’ 2,500,000 USD 2,488,468 2,581,250 0.08 TMB Bank PCL/Cayman Islands 3.108% 1/10/2021 ‘EMTN’ 2,100,000 USD 2,100,000 2,104,158 0.06 41,080,267 41,770,364 1.28

United Kingdom HSBC Holdings Plc FRN Perpetual ‘EMTN’ 1,000,000 SGD 721,136 735,018 0.02 Standard Chartered Plc 3.95% 11/1/2023 ‘REGS’ 3,000,000 USD 2,980,913 3,024,120 0.09 Standard Chartered Plc 5.3% 9/1/2043 ‘REGS’ 4,000,000 USD 4,081,771 4,313,360 0.13 Vedanta Resources Plc 6% 31/1/2019 ‘REGS’ 4,400,000 USD 4,258,703 4,565,000 0.14 Vedanta Resources Plc 6.375% 30/7/2022 ‘REGS’ 6,500,000 USD 6,500,086 6,565,000 0.21 Vedanta Resources Plc 7.125% 31/5/2023 ‘REGS’ 1,000,000 USD 1,026,976 1,020,000 0.03 Vedanta Resources Plc 8.25% 7/6/2021 ‘REGS’ 4,000,000 USD 3,758,233 4,340,000 0.13 23,327,818 24,562,498 0.75

United States of America CNOOC Finance 2015 USA LLC 3.5% 5/5/2025 13,000,000 USD 12,775,262 12,996,022 0.40 Hyundai Capital America 2.4% 30/10/2018 ‘REGS’ 2,000,000 USD 2,007,590 2,003,820 0.06 Hyundai Capital America 2.45% 15/6/2021 ‘REGS’ 5,000,000 USD 5,002,943 4,942,950 0.15 Hyundai Capital America 2.5% 18/3/2019 ‘REGS’ 3,000,000 USD 3,014,661 3,005,400 0.09 Hyundai Capital America 2.6% 19/3/2020 ‘REGS’ 2,500,000 USD 2,498,420 2,502,400 0.08

60 EASTSPRING INVESTMENTS

ASIAN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Hyundai Capital America 2.75% 27/9/2026 ‘REGS’ 2,500,000 USD 2,413,454 2,307,575 0.07 Reliance Holding USA Inc 4.5% 19/10/2020 ‘REGS’ 7,560,000 USD 7,522,686 7,930,894 0.24 Reliance Holding USA Inc 5.4% 14/2/2022 ‘REGS’ 7,700,000 USD 7,711,061 8,449,056 0.26 Reliance Holding USA Inc 6.25% 19/10/2040 ‘REGS’ 500,000 USD 491,534 612,520 0.02 43,437,611 44,750,637 1.37

Vietnam Vietnam Government International Bond 4.8% 19/11/2024 ‘REGS’ 4,600,000 USD 4,574,858 4,847,250 0.15

Total Bonds 3,054,679,702 3,131,308,768 95.92

Total Investments 3,054,679,702 3,131,308,768 95.92

Other Net Assets 133,273,303 4.08

Total Net Assets 3,264,582,071 100.00

61 Eastspring Investments – Asian Dynamic Fund(*) (“Asian Dynamic Fund”)

EASTSPRING INVESTMENTS

ASIAN DYNAMIC FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Australia Whitehaven Coal Ltd 804,918 AUD 1,203,730 1,775,995 2.62

Bermuda Jardine Matheson Holdings Ltd 20,474 USD 1,156,364 1,314,431 1.93 Noble Group Ltd 3,482,038 SGD 9,201,189 1,176,305 1.74 10,357,553 2,490,736 3.67

British Virgin Islands Hollysys Automation Technologies Ltd 97,500 USD 1,845,564 1,604,850 2.37

Cayman Islands Baidu Inc ADR 14,100 USD 2,396,397 2,521,503 3.72 China Resources Cement Holdings Ltd 2,538,000 HKD 1,251,485 1,261,484 1.86 Tencent Holdings Ltd 101,800 HKD 2,179,555 3,641,007 5.37 Tingyi Cayman Islands Holding Corp 1,118,000 HKD 1,406,496 1,326,207 1.96 7,233,933 8,750,201 12.91

China Bank of China Ltd ‘H’ 4,156,000 HKD 2,002,661 2,039,073 3.01 China Construction Bank Corp ‘H’ 3,004,000 HKD 2,202,037 2,328,165 3.43 China Merchants Bank Co Ltd ‘H’ 798,206 HKD 1,703,153 2,408,042 3.55 Dongfeng Motor Group Co Ltd ‘H’ 1,232,000 HKD 1,678,788 1,456,702 2.15 7,586,639 8,231,982 12.14

Hong Kong China Merchants Port Holdings Co Ltd 561,183 HKD 1,714,138 1,556,398 2.30 China Overseas Land & Investment Ltd 602,000 HKD 1,888,359 1,762,143 2.60 Sun Hung Kai Properties Ltd 115,460 HKD 1,488,540 1,696,498 2.50 5,091,037 5,015,039 7.40

India Indiabulls Housing Finance Ltd 109,372 INR 1,187,802 1,820,935 2.69 Infosys Ltd 158,463 INR 2,370,331 2,293,562 3.38 Rural Electrification Corp Ltd 449,617 INR 869,851 1,196,081 1.76 4,427,984 5,310,578 7.83

Indonesia Bank Negara Indonesia Persero Tbk PT 4,163,500 IDR 1,619,925 2,061,834 3.05 Salim Ivomas Pratama Tbk PT 28,330,000 IDR 2,932,143 1,169,124 1.72 4,552,068 3,230,958 4.77

Malaysia CIMB Group Holdings Bhd 1,221,905 MYR 1,742,525 1,873,000 2.76

Singapore DBS Group Holdings Ltd 177,130 SGD 2,077,258 2,668,913 3.94

South Korea Hana Financial Group Inc 46,608 KRW 1,455,365 1,843,300 2.72 Hyundai Motor Co 19,958 KRW 3,547,235 2,782,241 4.11 Hyundai Steel Co 23,425 KRW 1,270,132 1,273,465 1.88 Korea Electric Power Corp 47,416 KRW 2,011,056 1,690,838 2.49 KT Corp 75,281 KRW 2,181,899 2,144,964 3.17 10,465,687 9,734,808 14.37

62 EASTSPRING INVESTMENTS

ASIAN DYNAMIC FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Taiwan Catcher Technology Co Ltd 171,000 TWD 1,379,043 2,043,345 3.01 Hon Hai Precision Industry Co Ltd 1,008,609 TWD 2,311,799 3,879,268 5.72 Taiwan Semiconductor Manufacturing Co Ltd 673,000 TWD 3,288,632 4,612,775 6.82 6,979,474 10,535,388 15.55

Thailand Kasikornbank PCL (Foreign Market) 328,000 THB 1,565,395 1,926,289 2.84

United Kingdom Standard Chartered Plc 221,135 HKD 3,482,695 2,226,580 3.28

Total Shares 68,611,542 65,375,317 96.45

Total Investments 68,611,542 65,375,317 96.45

Other Net Assets 2,406,905 3.55

Total Net Assets 67,782,222 100.00

63 Eastspring Investments – Asian Equity Fund (“Asian Equity Fund”)

EASTSPRING INVESTMENTS

ASIAN EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda Jardine Matheson Holdings Ltd 78,260 USD 4,233,202 5,024,292 1.40 Kunlun Energy Co Ltd 4,918,000 HKD 4,393,406 4,170,661 1.15 Noble Group Ltd 3,989,024 SGD 15,001,126 1,347,575 0.37 23,627,734 10,542,528 2.92

British Virgin Islands Hollysys Automation Technologies Ltd 145,100 USD 2,726,094 2,388,346 0.66

Cayman Islands Alibaba Group Holding Ltd ADR 71,300 USD 7,031,368 10,014,085 2.77 Baidu Inc ADR 62,800 USD 11,290,908 11,230,524 3.11 China Resources Cement Holdings Ltd 8,114,000 HKD 2,955,744 4,032,971 1.12 CK Hutchison Holdings Ltd 754,000 HKD 9,304,082 9,465,766 2.62 Hengan International Group Co Ltd 337,500 HKD 3,290,834 2,490,317 0.69 Sands China Ltd 521,200 HKD 2,293,844 2,386,925 0.66 Tencent Holdings Ltd 447,300 HKD 8,904,058 15,998,257 4.42 Tingyi Cayman Islands Holding Corp 2,928,000 HKD 3,292,914 3,473,285 0.96 Vipshop Holdings Ltd ADR 198,500 USD 2,591,833 2,087,228 0.58 50,955,585 61,179,358 16.93

China Bank of China Ltd ‘H’ 21,031,800 HKD 9,727,707 10,318,904 2.86 China Construction Bank Corp ‘H’ 17,209,620 HKD 13,211,028 13,337,826 3.70 China Merchants Bank Co Ltd ‘H’ 2,245,385 HKD 4,608,809 6,773,920 1.87 China Oilfield Services Ltd ‘H’ 1,350,000 HKD 1,333,208 1,082,596 0.30 China Pacific Insurance Group Co Ltd ‘H’ 1,251,000 HKD 4,642,887 5,112,183 1.41 Dongfeng Motor Group Co Ltd ‘H’ 3,010,000 HKD 3,846,065 3,558,988 0.98 Guangzhou R&F Properties Co Ltd ‘H’ 1,126,000 HKD 1,897,992 1,751,118 0.48 39,267,696 41,935,535 11.60

Hong Kong AIA Group Ltd 595,200 HKD 3,863,800 4,349,877 1.20 BOC Hong Kong Holdings Ltd 1,062,000 HKD 3,546,727 5,081,284 1.41 China Merchants Port Holdings Co Ltd 1,870,696 HKD 5,840,275 5,188,233 1.44 China Mobile Ltd 827,700 HKD 9,006,369 8,784,637 2.42 China Overseas Land & Investment Ltd 1,674,000 HKD 5,184,160 4,900,044 1.36 Sino Land Co Ltd 1,532,167 HKD 2,383,332 2,512,317 0.70 Sun Hung Kai Properties Ltd 400,339 HKD 5,215,235 5,882,334 1.62 Wharf Holdings Ltd/The 514,000 HKD 3,775,170 4,260,159 1.18 38,815,068 40,958,885 11.33

India Axis Bank Ltd 303,692 INR 1,951,940 2,430,711 0.67 Housing Development Finance Corp Ltd 65,044 INR 1,124,520 1,625,107 0.45 Indiabulls Housing Finance Ltd 190,602 INR 2,181,895 3,173,334 0.88 Infosys Ltd 624,032 INR 9,185,564 9,032,115 2.50 Reliance Industries Ltd 120,918 INR 1,720,762 2,581,580 0.71 Rural Electrification Corp Ltd 1,202,706 INR 2,306,360 3,199,464 0.89 Vedanta Ltd 801,494 INR 3,204,741 3,088,179 0.85 21,675,782 25,130,490 6.95

64 EASTSPRING INVESTMENTS

ASIAN EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Indonesia Bank Negara Indonesia Persero Tbk PT 7,323,600 IDR 2,842,481 3,626,768 1.01 Bank Rakyat Indonesia Persero Tbk PT 2,785,400 IDR 2,173,869 3,187,196 0.88 Perusahaan Gas Negara Persero Tbk PT 19,349,600 IDR 3,940,898 3,266,674 0.90 Salim Ivomas Pratama Tbk PT 9,621,300 IDR 1,249,380 397,052 0.11 10,206,628 10,477,690 2.90

Malaysia CIMB Group Holdings Bhd 3,270,451 MYR 4,733,405 5,013,118 1.38 Genting Malaysia Bhd 1,819,400 MYR 2,102,507 2,331,124 0.65 6,835,912 7,344,242 2.03

Philippines First Gen Corp 10,486,200 PHP 4,193,413 3,927,651 1.09

Singapore CapitaLand Ltd 1,584,500 SGD 4,147,041 4,028,968 1.11 DBS Group Holdings Ltd 410,467 SGD 4,708,273 6,184,726 1.71 Oversea-Chinese Banking Corp Ltd 755,800 SGD 5,078,778 5,924,638 1.64 Singapore Telecommunications Ltd 1,438,700 SGD 3,964,670 4,065,869 1.13 17,898,762 20,204,201 5.59

South Korea Hana Financial Group Inc 149,033 KRW 4,625,592 5,894,107 1.63 Hyundai Motor Co 83,689 KRW 13,603,725 11,666,648 3.23 Hyundai Steel Co 90,801 KRW 5,234,355 4,936,260 1.37 Korea Electric Power Corp 168,191 KRW 7,706,987 5,997,634 1.66 KT Corp 156,863 KRW 4,720,610 4,469,461 1.24 LG Corp 99,168 KRW 5,896,684 6,699,896 1.85 POSCO 7,511 KRW 1,820,483 1,884,068 0.52 Samsung Electronics Co Ltd 10,242 KRW 9,221,538 21,278,008 5.89 SK Innovation Co Ltd 18,084 KRW 2,096,148 2,505,191 0.69 54,926,122 65,331,273 18.08

Taiwan Asustek Computer Inc 265,000 TWD 2,556,662 2,504,522 0.69 Catcher Technology Co Ltd 431,000 TWD 3,183,094 5,150,185 1.43 Compal Electronics Inc 1,993,000 TWD 1,425,124 1,343,081 0.37 CTBC Financial Holding Co Ltd 7,270,663 TWD 3,792,094 4,768,239 1.32 Hon Hai Precision Industry Co Ltd 2,529,758 TWD 5,583,936 9,729,846 2.69 Nan Ya Plastics Corp 494,000 TWD 1,097,606 1,226,069 0.34 Taiwan Semiconductor Manufacturing Co Ltd 3,085,808 TWD 9,796,122 21,150,277 5.85 27,434,638 45,872,219 12.69

Thailand Bangkok Bank PCL (Foreign Market) 480,300 THB 2,480,248 2,785,374 0.77 Kasikornbank PCL (Foreign Market) 883,700 THB 4,247,817 5,189,822 1.44 6,728,065 7,975,196 2.21

United Kingdom Standard Chartered Plc 726,086 HKD 11,257,677 7,310,868 2.02

Total Shares 316,549,176 350,578,482 97.00

65 EASTSPRING INVESTMENTS

ASIAN EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Other Transferable Securities

SHARES

Hong Kong RREEF China Commercial Trust (REIT) 8,195,000 HKD 5,452,495 – –

India Vedenta Limited Npv - Pref 3,205,976 INR 807,680 495,993 0.14

Total Shares 6,260,175 495,993 0.14

Total Other Transferable Securities 6,260,175 495,993 0.14

Total Investments 322,809,351 351,074,475 97.14

Other Net Assets 10,331,418 2.86

Total Net Assets 361,405,893 100.00

66 Eastspring Investments – Asian Equity Income Fund (“Asian Equity Income Fund”)

EASTSPRING INVESTMENTS

ASIAN EQUITY INCOME FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Australia Australia & New Zealand Banking Group Ltd 780,751 AUD 17,121,404 17,238,729 2.69 BHP Billiton Ltd 390,076 AUD 8,691,049 6,981,367 1.09 Coca-Cola Amatil Ltd 578,851 AUD 4,020,930 4,107,492 0.64 Crown Resorts Ltd 802,233 AUD 7,252,482 7,573,683 1.18 Insurance Australia Group Ltd 662,982 AUD 2,759,622 3,455,729 0.54 National Australia Bank Ltd 240,508 AUD 5,516,517 5,471,202 0.85 QBE Insurance Group Ltd 882,807 AUD 7,850,273 8,015,376 1.25 Telstra Corp Ltd 3,293,098 AUD 12,035,677 10,886,327 1.70 Wesfarmers Ltd 138,972 AUD 4,899,653 4,286,437 0.67 Westfield Corp (REIT) 2,112,647 AUD 15,868,266 13,042,196 2.03 Westpac Banking Corp 416,951 AUD 10,309,192 9,779,924 1.53 Woolworths Ltd 78,922 AUD 1,763,487 1,549,627 0.24 98,088,552 92,388,089 14.41

Bermuda COSCO SHIPPING Ports Ltd 9,377,224 HKD 11,912,694 11,003,431 1.71 VTech Holdings Ltd 383,700 HKD 4,418,740 6,080,228 0.95 16,331,434 17,083,659 2.66

Cayman Islands Cheung Kong Property Holdings Ltd 1,194,500 HKD 7,215,301 9,357,094 1.46 CK Hutchison Holdings Ltd 1,013,000 HKD 12,125,026 12,717,270 1.98 Hengan International Group Co Ltd 878,500 HKD 7,218,628 6,482,203 1.01 Sands China Ltd 707,200 HKD 3,348,805 3,238,744 0.51 Tencent Holdings Ltd 739,600 HKD 15,517,050 26,452,740 4.12 WH Group Ltd 1,709,500 HKD 1,614,186 1,725,654 0.27 47,038,996 59,973,705 9.35

China Bank of China Ltd ‘H’ 30,184,700 HKD 13,191,759 14,809,623 2.31 China Construction Bank Corp ‘H’ 31,026,000 HKD 21,915,810 24,045,815 3.75 China Galaxy Securities Co Ltd ‘H’ 9,893,000 HKD 9,306,299 8,871,242 1.38 China Petroleum & Chemical Corp ‘H’ 9,534,000 HKD 6,857,011 7,437,908 1.16 China Vanke Co Ltd ‘H’ 3,753,300 HKD 10,122,376 10,625,856 1.66 Industrial & Commercial Bank of China Ltd ‘H’ 31,532,525 HKD 18,980,197 21,287,650 3.32 Sinopec Engineering Group Co Ltd ‘H’ 9,256,500 HKD 8,119,736 8,347,911 1.30 Zhejiang Expressway Co Ltd ‘H’ 3,500,000 HKD 3,807,920 4,573,267 0.71 Zhuzhou CRRC Times Electric Co Ltd ‘H’ 2,103,100 HKD 11,290,384 10,318,512 1.61 103,591,492 110,317,784 17.20

Hong Kong BOC Hong Kong Holdings Ltd 1,187,000 HKD 3,610,930 5,679,364 0.89 China Merchants Port Holdings Co Ltd 1,565,517 HKD 4,310,562 4,341,842 0.68 China Mobile Ltd 1,502,500 HKD 16,518,401 15,946,500 2.49 China Overseas Land & Investment Ltd 3,552,000 HKD 10,857,074 10,397,227 1.62 CNOOC Ltd 6,217,000 HKD 7,353,066 6,809,345 1.06 Link REIT (REIT) 323,000 HKD 2,213,211 2,457,804 0.38 44,863,244 45,632,082 7.12

India Coal India Ltd 1,620,527 INR 7,957,856 6,123,594 0.95 Housing Development Finance Corp Ltd 182,075 INR 3,219,606 4,549,095 0.71 Infosys Ltd 288,001 INR 4,862,926 4,168,469 0.65 Tata Consultancy Services Ltd 59,715 INR 2,158,278 2,182,445 0.34 18,198,666 17,023,603 2.65

67 EASTSPRING INVESTMENTS

ASIAN EQUITY INCOME FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Indonesia Bank Negara Indonesia Persero Tbk PT 24,159,300 IDR 9,348,523 11,964,087 1.87 Perusahaan Gas Negara Persero Tbk PT 62,082,300 IDR 14,425,923 10,480,973 1.63 Semen Indonesia Persero Tbk PT 12,283,500 IDR 9,788,363 9,216,657 1.44 33,562,809 31,661,717 4.94

International HKT Trust & HKT Ltd 5,119,380 HKD 6,312,658 6,715,459 1.05

New Zealand Spark New Zealand Ltd 1,797,447 NZD 4,344,077 4,977,178 0.78

Singapore CapitaLand Mall Trust (REIT) 2,143,000 SGD 3,054,509 3,074,842 0.48 ComfortDelGro Corp Ltd 6,769,600 SGD 13,275,039 11,311,607 1.77 DBS Group Holdings Ltd 614,709 SGD 7,025,965 9,262,150 1.44 Frasers Logistics & Industrial Trust (REIT) 8,713,000 SGD 5,801,507 6,836,361 1.07 Hutchison Port Holdings Trust 17,211,400 USD 9,176,669 7,400,902 1.15 Keppel Infrastructure Trust 16,883,900 SGD 6,375,016 6,930,343 1.08 Singapore Technologies Engineering Ltd 4,203,600 SGD 10,252,272 11,238,354 1.75 Singapore Telecommunications Ltd 2,654,200 SGD 7,670,870 7,500,958 1.17 62,631,847 63,555,517 9.91

South Korea Hyundai Mobis Co Ltd 19,388 KRW 4,120,590 4,236,332 0.66 Hyundai Motor Co - Pref 41,090 KRW 4,769,087 4,183,879 0.65 Korea Electric Power Corp 330,039 KRW 13,537,439 11,769,078 1.84 LG Chem Ltd - Pref 29,375 KRW 4,575,001 5,186,164 0.81 POSCO 16,250 KRW 3,694,537 4,076,170 0.64 Samsung Electronics Co Ltd 5,567 KRW 6,145,101 11,565,580 1.80 Samsung Electronics Co Ltd - Pref 11,553 KRW 11,387,310 18,801,455 2.93 Shinhan Financial Group Co Ltd 274,619 KRW 9,847,136 11,832,990 1.85 SK Telecom Co Ltd 19,076 KRW 3,876,035 4,434,922 0.69 S-Oil Corp 72,746 KRW 5,609,054 6,027,462 0.94 67,561,290 82,114,032 12.81

Taiwan Asustek Computer Inc 934,000 TWD 8,492,046 8,827,258 1.38 CTBC Financial Holding Co Ltd 24,795,744 TWD 13,530,571 16,261,521 2.54 Fubon Financial Holding Co Ltd 3,547,000 TWD 5,575,845 5,649,319 0.88 Hon Hai Precision Industry Co Ltd 1,965,573 TWD 4,602,038 7,559,902 1.18 MediaTek Inc 1,325,000 TWD 12,415,248 11,346,573 1.77 Novatek Microelectronics Corp 2,431,000 TWD 8,739,870 9,829,494 1.53 Pou Chen Corp 4,354,000 TWD 6,293,005 6,025,757 0.94 Quanta Computer Inc 3,119,300 TWD 6,240,428 7,382,964 1.15 Taiwan Semiconductor Manufacturing Co Ltd 2,979,996 TWD 13,284,172 20,425,037 3.18 79,173,223 93,307,825 14.55

Thailand PTT PCL (Foreign Market) 285,800 THB 2,395,164 3,112,925 0.49

Total Shares 584,093,452 627,863,575 97.92

Total Investments 584,093,452 627,863,575 97.92

Other Net Assets 13,330,705 2.08

Total Net Assets 641,194,280 100.00

68 Eastspring Investments – Asian High Yield Bond Fund (“Asian High Yield Bond Fund”)

EASTSPRING INVESTMENTS

ASIAN HIGH YIELD BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

BONDS

Bermuda China Oil & Gas Group Ltd 4.625% 20/4/2022 500,000 USD 500,000 500,625 0.27 China Oil & Gas Group Ltd 5% 7/5/2020 800,000 USD 791,434 819,000 0.44 GOME Electrical Appliances Holding Ltd 5% 10/3/2020 800,000 USD 801,239 803,480 0.44 Noble Group Ltd 6.75% 29/1/2020 ‘REGS’ 1,200,000 USD 1,060,174 456,000 0.25 Noble Group Ltd 8.75% 9/3/2022 2,900,000 USD 2,885,636 1,102,000 0.60 United Photovoltaics Group Ltd 8.25% 25/1/2020 300,000 USD 305,064 302,583 0.16 6,343,547 3,983,688 2.16

British Virgin Islands Baoxin Auto Finance I Ltd FRN Perpetual 500,000 USD 532,217 523,750 0.28 Central Plaza Development Ltd FRN Perpetual ‘EMTN’ 700,000 USD 710,024 736,750 0.40 Central Plaza Development Ltd FRN Perpetual ‘REGS’ 700,000 USD 712,426 718,375 0.39 Cheung Kong Bond Securities 03 Ltd 5.375% Perpetual ‘REGS’ 500,000 USD 493,511 505,625 0.27 Chinalco Capital Holdings Ltd 4% 25/8/2021 1,400,000 USD 1,397,716 1,393,000 0.76 Chinalco Capital Holdings Ltd 4.25% 21/4/2022 200,000 USD 200,000 201,250 0.11 CITIC Telecom International Finance Ltd 6.1% 5/3/2025 ‘REGS’ 800,000 USD 780,523 843,992 0.46 COSCO Pacific Finance 2013 Co Ltd 4.375% 31/1/2023 1,100,000 USD 1,060,003 1,123,463 0.61 Easy Tactic Ltd 5.75% 13/1/2022 800,000 USD 793,786 801,000 0.43 Fortune Star BVI Ltd 5.25% 23/3/2022 700,000 USD 700,000 692,125 0.38 FPC Treasury Ltd 4.5% 16/4/2023 ‘REGS’ 800,000 USD 793,733 814,168 0.44 Franshion Brilliant Ltd FRN Perpetual 500,000 USD 514,146 514,480 0.28 Greenland Global Investment Ltd 3.5% 6/9/2019 ‘EMTN’ 3,500,000 USD 3,487,435 3,408,545 1.84 Greenland Global Investment Ltd 4.375% 3/7/2019 400,000 USD 402,474 398,528 0.22 Greenland Global Investment Ltd 5.875% 3/7/2024 600,000 USD 592,324 608,262 0.33 Joyous Glory Group Ltd 5.7% 7/3/2020 ‘GMTN’ 500,000 USD 509,351 528,755 0.29 Keen Idea Global Ltd 4.375% 8/3/2020 800,000 USD 795,055 799,216 0.43 LS Finance 2022 Ltd 4.25% 16/10/2022 200,000 USD 200,871 200,684 0.11 LS Finance 2025 Ltd 4.5% 26/6/2025 1,000,000 USD 955,055 970,920 0.53 New Rose Investments Ltd 4.5% 19/1/2020 400,000 USD 400,000 402,440 0.22 NWD Finance BVI Ltd 5.75% Perpetual 1,700,000 USD 1,692,980 1,706,052 0.93 NWD MTN Ltd 4.375% 30/11/2022 ‘EMTN’ 1,400,000 USD 1,393,568 1,462,636 0.79 NWD MTN Ltd 5.25% 26/2/2021 ‘EMTN’ 400,000 USD 399,338 425,900 0.23 Proven Glory Capital Ltd 3.25% 21/2/2022 ‘EMTN’ 1,000,000 USD 997,840 1,004,990 0.55 Proven Glory Capital Ltd 4% 21/2/2027 ‘EMTN’ 600,000 USD 594,688 600,750 0.33 Proven Honour Capital Ltd 4.125% 19/5/2025 500,000 USD 508,510 513,750 0.28 Proven Honour Capital Ltd 4.125% 6/5/2026 2,800,000 USD 2,792,970 2,852,500 1.54 Reward International Investment Ltd 7.25% 25/1/2020 200,000 USD 198,871 202,196 0.11 RKI Overseas Finance 2016 A Ltd 5% 9/8/2019 600,000 USD 600,000 600,618 0.33 RKI Overseas Finance 2016 B Ltd 4.7% 6/9/2021 800,000 USD 798,579 781,000 0.42 Rock International Investment Inc 6.625% 27/3/2020 400,000 USD 400,000 374,500 0.20 SmarTone Finance Ltd 3.875% 8/4/2023 400,000 USD 382,226 402,896 0.22 Studio City Co Ltd 5.875% 30/11/2019 ‘REGS’ 500,000 USD 517,032 526,875 0.29 Studio City Co Ltd 7.25% 30/11/2021 ‘REGS’ 800,000 USD 850,821 868,000 0.47 Studio City Finance Ltd 8.5% 1/12/2020 ‘REGS’ 1,000,000 USD 1,049,626 1,033,750 0.56 Top Wise Excellence Enterprise Co Ltd 6% 16/3/2020 400,000 USD 413,251 408,000 0.22 29,620,950 29,949,741 16.25

Cayman Islands Agile Group Holdings Ltd 8.375% 18/2/2019 1,000,000 USD 983,274 1,038,750 0.56 Agile Group Holdings Ltd 9% 21/5/2020 700,000 USD 704,537 753,480 0.41 Central China Real Estate Ltd 6.5% 4/6/2018 ‘EMTN’ 500,000 USD 504,574 502,420 0.27 Central China Real Estate Ltd 6.75% 8/11/2021 200,000 USD 198,687 203,524 0.11 Central China Real Estate Ltd 8% 28/1/2020 ‘REGS’ 200,000 USD 198,348 205,750 0.11 Central China Real Estate Ltd 8.75% 23/1/2021 400,000 USD 400,000 427,500 0.23 China Aoyuan Property Group Ltd 6.35% 11/1/2020 400,000 USD 400,000 402,596 0.22 China Aoyuan Property Group Ltd 6.525% 25/4/2019 200,000 USD 206,228 202,532 0.11 China Aoyuan Property Group Ltd 10.875% 26/5/2018 400,000 USD 415,254 419,500 0.23

69 EASTSPRING INVESTMENTS

ASIAN HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

China Evergrande Group 6.25% 28/6/2021 4,000,000 USD 4,000,000 3,900,000 2.11 China Evergrande Group 7.5% 28/6/2023 2,286,000 USD 2,243,135 2,217,420 1.20 China Evergrande Group 8.75% 28/6/2025 2,000,000 USD 2,000,000 1,952,500 1.06 China SCE Property Holdings Ltd 5.875% 10/3/2022 1,500,000 USD 1,496,586 1,477,485 0.80 China SCE Property Holdings Ltd 10% 2/7/2020 1,300,000 USD 1,292,532 1,413,750 0.77 CIFI Holdings Group Co Ltd 7.75% 5/6/2020 1,600,000 USD 1,599,944 1,696,000 0.92 Country Garden Holdings Co Ltd 4.75% 28/9/2023 800,000 USD 784,528 777,216 0.42 Country Garden Holdings Co Ltd 7.25% 4/4/2021 ‘REGS’ 1,000,000 USD 990,660 1,036,600 0.56 Country Garden Holdings Co Ltd 7.5% 9/3/2020 1,200,000 USD 1,206,689 1,261,500 0.68 Country Garden Holdings Co Ltd 7.5% 10/1/2023 ‘REGS’ 1,000,000 USD 1,012,938 1,045,000 0.57 Country Garden Holdings Co Ltd 7.875% 27/5/2019 ‘REGS’ 800,000 USD 824,427 831,000 0.45 Fantasia Holdings Group Co Ltd 7.375% 4/10/2021 700,000 USD 698,622 693,077 0.38 Fantasia Holdings Group Co Ltd 10.75% 22/1/2020 ‘REGS’ 600,000 USD 593,674 629,250 0.34 Fantasia Holdings Group Co Ltd 11.5% 1/6/2018 700,000 USD 712,938 731,500 0.40 Fantasia Holdings Group Co Ltd 13.75% 27/9/2017 500,000 USD 511,830 508,750 0.28 Future Land Development Holdings Ltd 5% 16/2/2020 600,000 USD 598,347 594,156 0.32 Future Land Development Holdings Ltd 6.25% 12/11/2017 800,000 USD 798,535 805,000 0.44 FWD Ltd FRN Perpetual 300,000 USD 300,000 313,500 0.17 Geely Automobile Holdings Ltd 5.25% 6/10/2019 ‘REGS’ 300,000 USD 310,193 309,066 0.17 Golden Eagle Retail Group Ltd 4.625% 21/5/2023 ‘REGS’ 800,000 USD 657,134 741,000 0.40 Greenland Hong Kong Holdings Ltd 3.875% 28/7/2019 ‘EMTN’ 900,000 USD 895,657 882,243 0.48 Greentown China Holdings Ltd 5.875% 11/8/2020 1,227,000 USD 1,200,172 1,276,080 0.69 Greentown China Holdings Ltd 8% 24/3/2019 ‘EMTN’ 700,000 USD 696,625 727,125 0.39 Health and Happiness H&H International Holdings Ltd 7.25% 21/6/2021 ‘REGS’ 500,000 USD 520,406 524,375 0.28 Honghua Group Ltd 7.45% 25/9/2019 ‘REGS’ 700,000 USD 688,156 721,875 0.39 KWG Property Holding Ltd 8.25% 5/8/2019 700,000 USD 701,528 729,799 0.40 KWG Property Holding Ltd 8.975% 14/1/2019 ‘REGS’ 700,000 USD 706,287 729,750 0.40 Logan Property Holdings Co Ltd 5.25% 23/2/2023 1,300,000 USD 1,284,382 1,218,750 0.66 Longfor Properties Co Ltd 6.75% 29/1/2023 2,700,000 USD 2,748,385 2,824,875 1.53 Melco Resorts Finance Ltd 4.875% 6/6/2025 1,200,000 USD 1,208,994 1,209,000 0.66 Moon Wise Global Ltd FRN Perpetual 1,000,000 USD 995,290 1,060,000 0.58 New World China Land Ltd 4.75% 23/1/2027 1,600,000 USD 1,600,000 1,655,360 0.90 PCPD Capital Ltd 4.75% 9/3/2022 800,000 USD 800,000 803,608 0.44 Powerlong Real Estate Holdings Ltd 4.875% 15/9/2021 900,000 USD 870,565 851,463 0.46 Shimao Property Holdings Ltd 8.125% 22/1/2021 900,000 USD 937,296 951,750 0.52 Shimao Property Holdings Ltd 8.375% 10/2/2022 2,000,000 USD 2,036,404 2,202,500 1.19 Shui On Development Holding Ltd FRN Perpetual 200,000 USD 200,000 201,000 0.11 Shui On Development Holding Ltd FRN Perpetual ‘REGS’ 1,700,000 USD 1,727,632 1,729,750 0.94 Shui On Development Holding Ltd 5.7% 6/2/2021 600,000 USD 596,696 605,880 0.33 Shui On Development Holding Ltd 8.7% 19/5/2018 500,000 USD 513,156 516,250 0.28 Shui On Development Holding Ltd 9.625% 10/6/2019 700,000 USD 737,966 733,250 0.40 Times Property Holdings Ltd 5.75% 26/4/2022 800,000 USD 800,000 774,000 0.42 Times Property Holdings Ltd 11.45% 5/3/2020 1,000,000 USD 1,077,369 1,091,250 0.59 TVB Finance Ltd 3.625% 11/10/2021 700,000 USD 695,170 694,610 0.38 Yida China Holdings Ltd 6.95% 19/4/2020 400,000 USD 392,579 371,000 0.20 Yuzhou Properties Co Ltd 6% 25/1/2022 200,000 USD 199,224 199,460 0.11 Yuzhou Properties Co Ltd 6% 25/10/2023 400,000 USD 398,430 393,896 0.21 Yuzhou Properties Co Ltd 9% 8/12/2019 500,000 USD 498,365 528,125 0.29 52,370,348 53,296,846 28.92

China Huachen Energy Co Ltd 6.625% 18/5/2020 1,300,000 USD 1,300,000 1,284,335 0.70

Hong Kong Bank of East Asia Ltd/The FRN 3/11/2026 500,000 USD 495,533 500,430 0.27 Bank of East Asia Ltd/The FRN 20/11/2024 ‘EMTN’ 1,000,000 USD 991,485 1,014,700 0.55 Bank of East Asia Ltd/The FRN Perpetual ‘EMTN’ 1,000,000 USD 975,481 1,005,890 0.55 Bank of East Asia Ltd/The FRN Perpetual 300,000 USD 300,000 301,089 0.16 Chalieco Hong Kong Corp Ltd FRN Perpetual 400,000 USD 400,000 413,056 0.22 China CITIC Bank International Ltd FRN Perpetual ‘EMTN’ 700,000 USD 683,971 684,019 0.37 China CITIC Bank International Ltd 7.25% FRN Perpetual ‘EMTN’ 500,000 USD 515,203 527,500 0.29 Chong Hing Bank Ltd FRN Perpetual 1,000,000 USD 997,886 1,040,000 0.56

70 EASTSPRING INVESTMENTS

ASIAN HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

CITIC Ltd FRN Perpetual ‘REGS’ 500,000 USD 562,340 537,395 0.29 Dr Peng Holding HongKong Ltd 5.05% 1/6/2020 600,000 USD 600,000 600,258 0.33 Industrial & Commercial Bank of China Asia Ltd FRN Perpetual 1,500,000 USD 1,494,169 1,495,725 0.81 Yancoal International Resources Development Co Ltd FRN Perpetual 300,000 USD 300,000 303,375 0.16 Yancoal International Resources Development Co Ltd 5.73% 16/5/2022 ‘REGS’ 300,000 USD 300,875 307,125 0.17 Yanlord Land HK Co Ltd 5.875% 23/1/2022 300,000 USD 300,000 310,062 0.17 8,916,943 9,040,624 4.90

India Bank of India/Jersey 3.125% 6/5/2020 500,000 USD 499,526 498,010 0.27 Glenmark Pharmaceuticals Ltd 4.5% 2/8/2021 200,000 USD 201,458 198,750 0.11 HPCL-Mittal Energy Ltd 5.25% 28/4/2027 400,000 USD 400,000 412,536 0.22 India Government Bond 7.8% 11/4/2021 49,000,000 INR 743,943 788,041 0.43 JSW Steel Ltd 4.75% 12/11/2019 600,000 USD 555,050 609,000 0.33 JSW Steel Ltd 5.25% 13/4/2022 800,000 USD 800,001 810,000 0.44 Power Finance Corp Ltd 8.53% 24/7/2020 50,000,000 INR 766,415 800,797 0.43 State Bank of India/Dubai FRN Perpetual ‘EMTN’ 500,000 USD 500,000 510,170 0.28 Tata Motors Ltd 4.625% 30/4/2020 500,000 USD 514,961 517,500 0.28 Tata Motors Ltd 5.75% 30/10/2024 300,000 USD 300,000 328,875 0.18 5,281,354 5,473,679 2.97

Indonesia Bukit Makmur Mandiri Utama PT 7.75% 13/2/2022 ‘REGS’ 600,000 USD 594,388 613,680 0.33 Indosat Tbk PT 8.15% 31/5/2020 3,000,000,000 IDR 225,191 226,291 0.12 Japfa Comfeed Indonesia Tbk PT 5.5% 31/3/2022 400,000 USD 400,990 398,440 0.22 Saka Energi Indonesia PT 4.45% 5/5/2024 ‘REGS’ 800,000 USD 798,036 806,000 0.44 2,018,605 2,044,411 1.11

Mauritius Greenko Investment Co 4.875% 16/8/2023 ‘REGS’ 1,400,000 USD 1,384,660 1,372,630 0.74 HT Global IT Solutions Holdings Ltd 7% 14/7/2021 ‘REGS’ 500,000 USD 497,912 525,625 0.29 Neerg Energy Ltd 6% 13/2/2022 ‘REGS’ 800,000 USD 799,692 815,832 0.44 2,682,264 2,714,087 1.47

Mongolia Mongolia Government International Bond 5.125% 5/12/2022 ‘REGS’ 1,500,000 USD 1,369,429 1,413,750 0.76 Mongolia Government International Bond 8.75% 9/3/2024 ‘REGS’ 500,000 USD 539,283 545,000 0.30 Mongolia Government International Bond 10.875% 6/4/2021 ‘REGS’ 500,000 USD 512,063 571,875 0.31 Trade & Development Bank of Mongolia LLC 9.375% 19/5/2020 ‘REGS’ 600,000 USD 605,824 639,144 0.35 3,026,599 3,169,769 1.72

Netherlands ICTSI Treasury BV 4.625% 16/1/2023 ‘EMTN’ 1,300,000 USD 1,301,446 1,339,026 0.73 ICTSI Treasury BV 5.875% 17/9/2025 ‘EMTN’ 500,000 USD 537,525 543,680 0.29 Indo Energy Finance II BV 6.375% 24/1/2023 ‘REGS’ 1,700,000 USD 1,497,220 1,587,375 0.86 Jababeka International BV 6.5% 5/10/2023 ‘REGS’ 400,000 USD 404,281 414,432 0.22 Jain International Trading BV 7.125% 1/2/2022 1,000,000 USD 986,894 996,040 0.54 Listrindo Capital BV 4.95% 14/9/2026 ‘REGS’ 700,000 USD 692,214 705,936 0.38 PB International BV 7.625% 26/1/2022 400,000 USD 398,136 416,420 0.23 Royal Capital BV FRN Perpetual 2,000,000 USD 1,943,380 1,996,880 1.08 Royal Capital BV 5.5% FRN Perpetual 2,200,000 USD 2,182,373 2,277,528 1.25 9,943,469 10,277,317 5.58

Pakistan Pakistan Government International Bond 7.875% 31/3/2036 ‘REGS’ 1,100,000 USD 1,025,542 1,142,625 0.62 Pakistan Government International Bond 8.25% 15/4/2024 ‘REGS’ 1,200,000 USD 1,222,286 1,362,000 0.74 Pakistan Government International Bond 8.25% 30/9/2025 ‘REGS’ 500,000 USD 528,191 570,000 0.31 Third Pakistan International Sukuk Co Ltd/The 5.5% 13/10/2021 ‘REGS’ 1,300,000 USD 1,300,000 1,351,740 0.73 4,076,019 4,426,365 2.40

71 EASTSPRING INVESTMENTS

ASIAN HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Philippines First Gen Corp 6.5% 9/10/2023 500,000 USD 502,490 536,210 0.29 Megaworld Corp 4.25% 17/4/2023 300,000 USD 290,917 300,672 0.16 Petron Corp FRN Perpetual ‘REGS’ 800,000 USD 815,917 836,000 0.45 San Miguel Corp 4.875% 26/4/2023 ‘EMTN’ 800,000 USD 778,897 819,792 0.44 SM Investments Corp 4.875% 10/6/2024 600,000 USD 599,118 632,064 0.34 SMC Global Power Holdings Corp FRN Perpetual ‘REGS’ 1,500,000 USD 1,472,996 1,586,250 0.87 SMC Global Power Holdings Corp FRN Perpetual 1,200,000 USD 1,197,025 1,285,500 0.70 5,657,360 5,996,488 3.25

Singapore ABJA Investment Co Pte Ltd 4.85% 31/1/2020 800,000 USD 781,906 823,000 0.45 ABJA Investment Co Pte Ltd 5.95% 31/7/2024 1,500,000 USD 1,461,710 1,588,125 0.86 Alam Synergy Pte Ltd 6.625% 24/4/2022 600,000 USD 596,505 597,102 0.32 Alam Synergy Pte Ltd 6.95% 27/3/2020 ‘REGS’ 900,000 USD 888,665 914,625 0.50 APL Realty Holdings Pte Ltd 5.95% 2/6/2024 1,900,000 USD 1,894,000 1,841,005 1.00 Golden Legacy Pte Ltd 6.875% 27/3/2024 ‘REGS’ 800,000 USD 789,838 793,152 0.43 Golden Legacy Pte Ltd 8.25% 7/6/2021 ‘REGS’ 200,000 USD 199,604 213,500 0.12 Hotel Properties Ltd FRN Perpetual ‘MTN’ 250,000 SGD 178,949 184,893 0.10 Indika Energy Capital II Pte Ltd 6.875% 10/4/2022 ‘REGS’ 700,000 USD 696,150 686,000 0.37 Jubilant Pharma Ltd/SG 4.875% 6/10/2021 700,000 USD 695,698 710,500 0.39 Marble II Pte Ltd 5.3% 20/6/2022 ‘REGS’ 1,900,000 USD 1,900,001 1,907,126 1.03 Marquee Land Pte Ltd 9.75% 5/8/2019 ‘REGS’ 57,667 USD 55,326 61,055 0.03 Modernland Overseas Pte Ltd 6.95% 13/4/2024 800,000 USD 800,000 799,000 0.43 Pakuwon Prima Pte Ltd 5% 14/2/2024 900,000 USD 897,358 892,998 0.48 Pratama Agung Pte Ltd 6.25% 24/2/2020 400,000 USD 400,328 417,000 0.23 Sabana Sukuk Pte Ltd 4.25% 3/4/2019 ‘MTN’ 1,500,000 SGD 1,156,096 1,013,005 0.55 StarHub Ltd FRN Perpetual ‘MTN’ 250,000 SGD 181,135 183,117 0.10 TBG Global Pte Ltd 5.25% 10/2/2022 300,000 USD 290,207 311,250 0.17 Theta Capital Pte Ltd 6.75% 31/10/2026 1,000,000 USD 976,625 995,990 0.54 Theta Capital Pte Ltd 7% 11/4/2022 700,000 USD 707,353 728,000 0.39 Viva iTrust MTN Pte Ltd 4.15% 19/9/2018 ‘MTN’ 250,000 SGD 182,776 182,619 0.10 15,730,230 15,843,062 8.59

South Korea Woori Bank FRN Perpetual ‘REGS’ 1,800,000 USD 1,794,354 1,785,744 0.97 Woori Bank FRN 10/6/2045 ‘REGS’ 400,000 USD 399,142 413,876 0.22 2,193,496 2,199,620 1.19

Sri Lanka National Savings Bank 5.15% 10/9/2019 ‘REGS’ 800,000 USD 793,776 804,944 0.43 National Savings Bank 8.875% 18/9/2018 ‘REGS’ 500,000 USD 516,595 530,620 0.29 Sri Lanka Government International Bond 5.125% 11/4/2019 ‘REGS’ 700,000 USD 701,637 716,625 0.39 Sri Lanka Government International Bond 5.75% 18/1/2022 ‘REGS’ 800,000 USD 800,000 829,000 0.45 Sri Lanka Government International Bond 5.875% 25/7/2022 ‘REGS’ 1,500,000 USD 1,517,594 1,556,250 0.84 Sri Lanka Government International Bond 6% 14/1/2019 ‘REGS’ 600,000 USD 597,353 621,000 0.34 Sri Lanka Government International Bond 6.125% 3/6/2025 ‘REGS’ 800,000 USD 795,705 820,000 0.44 Sri Lanka Government International Bond 6.2% 11/5/2027 ‘REGS’ 300,000 USD 300,000 301,500 0.16 Sri Lanka Government International Bond 6.25% 4/10/2020 ‘REGS’ 1,500,000 USD 1,526,023 1,591,875 0.86 Sri Lanka Government International Bond 6.25% 27/7/2021 ‘REGS’ 1,400,000 USD 1,423,306 1,487,500 0.81 Sri Lanka Government International Bond 6.825% 18/7/2026 ‘REGS’ 800,000 USD 809,280 847,000 0.46 Sri Lanka Government International Bond 6.85% 3/11/2025 ‘REGS’ 1,800,000 USD 1,758,863 1,908,000 1.05 11,540,132 12,014,314 6.52

Thailand Krung Thai Bank PCL/Cayman Islands FRN 26/12/2024 ‘EMTN’ 700,000 USD 702,659 722,729 0.39

United Kingdom HSBC Holdings Plc FRN Perpetual ‘EMTN’ 500,000 SGD 360,568 367,509 0.20 Vedanta Resources Plc 6% 31/1/2019 ‘REGS’ 1,000,000 USD 936,323 1,037,500 0.56 Vedanta Resources Plc 6.375% 30/7/2022 ‘REGS’ 1,300,000 USD 1,300,000 1,313,000 0.71

72 EASTSPRING INVESTMENTS

ASIAN HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Vedanta Resources Plc 7.125% 31/5/2023 ‘REGS’ 600,000 USD 558,530 612,000 0.33 Vedanta Resources Plc 8.25% 7/6/2021 ‘REGS’ 1,300,000 USD 1,339,571 1,410,500 0.77 4,494,992 4,740,509 2.57

Vietnam Vietnam Government International Bond 4.8% 19/11/2024 ‘REGS’ 2,000,000 USD 2,004,389 2,107,500 1.14

Total Bonds 167,903,356 169,285,084 91.83

Total Investments 167,903,356 169,285,084 91.83

Other Net Assets 15,058,798 8.17

Total Net Assets 184,343,882 100.00

73 Eastspring Investments – Asian Infrastructure Equity Fund(*) (“Asian Infrastructure Equity Fund”)

EASTSPRING INVESTMENTS

ASIAN INFRASTRUCTURE EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda Sinopec Kantons Holdings Ltd 1,702,000 HKD 905,865 939,713 2.58 SmarTone Telecommunications Holdings Ltd 529,500 HKD 683,740 693,227 1.91 1,589,605 1,632,940 4.49

Cayman Islands China Resources Cement Holdings Ltd 1,578,000 HKD 758,708 784,327 2.16 CK Hutchison Holdings Ltd 119,988 HKD 1,453,505 1,506,337 4.14 2,212,213 2,290,664 6.30

China China Longyuan Power Group Corp Ltd ‘H’ 839,000 HKD 701,180 610,476 1.68 China Petroleum & Chemical Corp ‘H’ 1,336,200 HKD 1,072,441 1,042,431 2.87 China Railway Group Ltd ‘H’ 546,000 HKD 485,197 430,156 1.18 China Railway Signal & Communication Corp Ltd ‘H’ ‘144A’ 546,000 HKD 422,774 421,063 1.16 Sinopec Engineering Group Co Ltd ‘H’ 1,014,000 HKD 945,943 914,469 2.52 3,627,535 3,418,595 9.41

Hong Kong China Mobile Ltd 151,000 HKD 1,715,039 1,602,611 4.41 CNOOC Ltd 447,000 HKD 698,820 489,589 1.35 Shanghai Industrial Holdings Ltd 216,000 HKD 662,059 639,181 1.76 3,075,918 2,731,381 7.52

India Coal India Ltd 206,681 INR 970,254 780,999 2.15 Gujarat State Petronet Ltd 184,554 INR 407,517 504,088 1.39 Hindalco Industries Ltd 218,094 INR 587,896 644,286 1.77 Larsen & Toubro Ltd 18,139 INR 430,468 473,586 1.30 NTPC Ltd 422,101 INR 1,209,334 1,037,988 2.86 Reliance Industries Ltd 98,150 INR 1,934,718 2,095,487 5.77 UPL Ltd 93,952 INR 1,053,290 1,221,540 3.36 6,593,477 6,757,974 18.60

Indonesia Perusahaan Gas Negara Persero Tbk 3,696,300 IDR 656,377 624,024 1.72 Semen Indonesia Persero Tbk PT 1,197,900 IDR 825,292 898,818 2.47 Telekomunikasi Indonesia Persero Tbk PT 4,372,100 IDR 937,658 1,482,790 4.08 2,419,327 3,005,632 8.27

Malaysia Lafarge Malaysia Bhd 533,700 MYR 783,628 690,025 1.90 Sime Darby Bhd 382,733 MYR 700,219 847,021 2.33 Tenaga Nasional Bhd 264,500 MYR 730,222 871,263 2.40 2,214,069 2,408,309 6.63

Philippines Energy Development Corp 6,512,900 PHP 800,590 780,877 2.15

Singapore ComfortDelGro Corp Ltd 376,200 SGD 714,265 628,608 1.73 Keppel Corp Ltd 80,300 SGD 383,698 366,944 1.01 Singapore Telecommunications Ltd 626,500 SGD 1,650,759 1,770,534 4.87 2,748,722 2,766,086 7.61

74 EASTSPRING INVESTMENTS

ASIAN INFRASTRUCTURE EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

South Korea Hyundai Engineering & Construction Co Ltd 8,762 KRW 338,014 352,655 0.97 Hyundai Steel Co 16,429 KRW 796,267 893,138 2.46 Korea Electric Power Corp 25,292 KRW 1,023,808 901,903 2.47 LG Chem Ltd 1,840 KRW 441,984 467,981 1.29 S-Oil Corp 10,641 KRW 819,006 881,674 2.43 3,419,079 3,497,351 9.62

Taiwan Basso Industry Corp 219,000 TWD 632,048 611,933 1.68 Chunghwa Telecom Co Ltd 214,000 TWD 751,062 759,764 2.09 Formosa Plastics Corp 531,000 TWD 1,332,777 1,618,137 4.46 Hiwin Technologies Corp 77,160 TWD 392,431 521,249 1.43 Nan Ya Plastics Corp 184,000 TWD 331,778 456,674 1.26 Taiwan Mobile Co Ltd 91,000 TWD 299,799 342,522 0.94 3,739,895 4,310,279 11.86

Thailand Advanced Info Service PCL (Foreign Market) 123,800 THB 604,385 646,880 1.78 PTT Global Chemical PCL (Foreign Market) 180,900 THB 281,147 364,782 1.00 PTT PCL (Foreign Market) 103,200 THB 882,089 1,124,052 3.10 1,767,621 2,135,714 5.88

Total Shares 34,208,051 35,735,802 98.34

Total Investments 34,208,051 35,735,802 98.34

Other Net Assets 601,401 1.66

Total Net Assets 36,337,203 100.00

75 Eastspring Investments – Asian Local Bond Fund (“Asian Local Bond Fund”)

EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

BONDS

Australia Lendlease Finance Ltd 3.9% 27/4/2027 4,750,000 SGD 3,397,599 3,476,360 0.14

Bermuda Li & Fung Ltd 5.25% Perpetual ‘EMTN’ 8,000,000 USD 7,487,250 7,370,000 0.30 Noble Group Ltd 3.625% 20/3/2018 ‘EMTN’ 4,000,000 USD 2,621,229 1,720,000 0.07 Noble Group Ltd 8.75% 9/3/2022 14,000,000 USD 12,612,282 5,390,000 0.21 22,720,761 14,480,000 0.58

British Virgin Islands Chinalco Capital Holdings Ltd 4% 25/8/2021 6,500,000 USD 6,475,735 6,467,500 0.26 Future Days Ltd 4% 8/7/2026 ‘EMTN’ 165,000,000 HKD 20,958,068 20,762,191 0.83 Henderson Land MTN Ltd 4.8% 10/11/2031 ‘EMTN’ 5,000,000 HKD 642,702 731,710 0.03 Huarong Finance 2017 Co Ltd 3.2% 27/4/2021 5,000,000 SGD 3,580,371 3,640,183 0.14 Nan Fung Treasury II Ltd 5.5% Perpetual 8,000,000 USD 7,961,027 7,980,000 0.32 Nan Fung Treasury Ltd 4.425% 29/8/2022 ‘MTN’ 10,000,000 HKD 1,295,333 1,324,147 0.05 New Rose Investments Ltd 4.5% 19/1/2020 10,000,000 USD 10,148,299 10,088,000 0.40 NWD MTN Ltd 4.7% 8/3/2026 ‘EMTN’ 180,000,000 HKD 23,005,335 25,219,072 1.00 NWD MTN Ltd 5.9% 18/9/2023 ‘EMTN’ 20,000,000 HKD 2,544,602 2,931,323 0.12 Radiant Access Ltd 4.6% Perpetual 10,000,000 USD 9,887,549 9,775,000 0.39 Reward International Investment Ltd 7.25% 25/1/2020 13,000,000 USD 13,121,812 13,143,000 0.52 R-REIT International Finance Ltd 4.125% 22/3/2018 ‘EMTN’ 20,000,000 HKD 2,577,978 2,574,890 0.10 Value Success International Ltd 3% 28/9/2021 ‘EMTN’ 50,000,000 HKD 6,406,292 6,282,029 0.25 108,605,103 110,919,045 4.41

Cayman Islands China Evergrande Group 8.75% 28/6/2025 13,000,000 USD 12,860,284 12,691,250 0.50 Fantasia Holdings Group Co Ltd 7.375% 4/10/2021 9,500,000 USD 9,450,327 9,408,420 0.37 Guorui Properties Ltd 7% 21/3/2020 9,000,000 USD 9,089,580 8,997,930 0.36 HKR International Ltd 4.3% 21/5/2020 ‘EMTN’ 7,000,000 HKD 897,144 881,538 0.04 New World China Land Ltd 5% 28/1/2022 ‘EMTN’ 20,000,000 HKD 2,571,228 2,592,927 0.10 OCBC Capital Corp 2008 FRN Perpetual 5,000,000 SGD 3,729,463 3,767,974 0.15 Sun Hung Kai Properties Capital Market Ltd 4.45% Perpetual 12,000,000 USD 11,901,820 11,850,000 0.47 Swire Pacific MTN Financing Ltd 2.6% 21/7/2028 ‘EMTN’ 55,000,000 HKD 7,069,204 6,943,558 0.28 57,569,050 57,133,597 2.27

China Xin Jiang Guang Hui Industry Investment Group Co Ltd 7.875% 30/3/2020 6,400,000 USD 6,335,992 6,269,632 0.25

Germany Commerzbank AG FRN 1/3/2027 ‘EMTN’ 11,500,000 SGD 8,107,827 8,722,985 0.35 Landesbank Baden-Wuerttemberg FRN 18/5/2027 ‘EMTN’ 25,000,000 SGD 18,097,628 18,251,588 0.72 26,205,455 26,974,573 1.07

Hong Kong Bank of East Asia Ltd/The FRN Perpetual ‘EMTN’ 11,000,000 USD 10,729,270 11,039,930 0.44

India IDFC Bank Ltd 9.38% 12/9/2024 50,000,000 INR 823,873 840,406 0.03 India Government Bond 6.84% 19/12/2022 680,000,000 INR 10,693,238 10,627,518 0.42 India Government Bond 6.97% 6/9/2026 500,000,000 INR 7,628,949 7,878,246 0.31 India Government Bond 7.06% 10/10/2046 900,000,000 INR 13,567,121 13,816,750 0.55 India Government Bond 7.16% 20/5/2023 1,730,000,000 INR 25,806,225 27,261,675 1.08 India Government Bond 7.5% 10/8/2034 290,000,000 INR 4,727,035 4,679,618 0.19 India Government Bond 7.59% 20/3/2029 1,117,000,000 INR 17,186,824 18,072,292 0.72 India Government Bond 7.72% 25/5/2025 1,000,000,000 INR 14,431,242 16,250,943 0.65

76 EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India Government Bond 7.8% 11/4/2021 1,650,000,000 INR 26,125,875 26,544,490 1.06 India Government Bond 7.83% 11/4/2018 500,000,000 INR 10,815,578 7,815,744 0.31 India Government Bond 7.88% 19/3/2030 490,000,000 INR 7,361,287 8,102,675 0.32 India Government Bond 7.95% 28/8/2032 140,000,000 INR 2,271,571 2,341,128 0.09 India Government Bond 7.99% 9/7/2017 450,000,000 INR 7,844,404 6,963,506 0.28 India Government Bond 8.07% 3/7/2017 520,000,000 INR 9,362,094 8,045,190 0.32 India Government Bond 8.12% 10/12/2020 700,000,000 INR 10,960,537 11,351,726 0.45 India Government Bond 8.13% 21/9/2022 850,000,000 INR 17,173,135 13,935,862 0.55 India Government Bond 8.15% 11/6/2022 400,000,000 INR 7,412,394 6,553,659 0.26 India Government Bond 8.2% 24/9/2025 250,000,000 INR 4,599,099 4,163,258 0.17 India Government Bond 8.28% 21/9/2027 400,000,000 INR 7,419,610 6,746,736 0.27 India Government Bond 8.3% 2/7/2040 450,000,000 INR 8,271,609 7,727,088 0.31 India Government Bond 8.3% 31/12/2042 1,000,000,000 INR 14,558,484 17,371,809 0.69 India Government Bond 8.83% 25/11/2023 250,000,000 INR 4,288,755 4,269,736 0.17 India Government Bond 9.23% 23/12/2043 300,000,000 INR 5,513,227 5,717,813 0.23 National Bank for Agriculture and Rural Development 7.69% 31/3/2032 150,000,000 INR 2,394,925 2,364,541 0.09 Power Finance Corp Ltd 8.36% 26/2/2020 400,000,000 INR 6,264,428 6,349,814 0.25 Power Finance Corp Ltd 8.45% 10/8/2020 250,000,000 INR 3,793,681 3,967,474 0.16 Power Finance Corp Ltd 8.96% 21/10/2019 50,000,000 INR 816,955 801,048 0.03 Power Finance Corp Ltd 9.39% 27/8/2024 50,000,000 INR 827,233 852,717 0.03 Power Grid Corp of India Ltd 8.13% 25/4/2030 70,000,000 INR 1,036,164 1,143,489 0.05 Power Grid Corp of India Ltd 8.15% 9/3/2030 300,000,000 INR 4,527,765 4,904,662 0.20 Rural Electrification Corp Ltd 8.23% 23/1/2025 450,000,000 INR 6,873,264 7,267,323 0.29 Rural Electrification Corp Ltd 8.37% 14/8/2020 300,000,000 INR 4,590,534 4,790,858 0.19 Rural Electrification Corp Ltd 8.56% 13/11/2019 150,000,000 INR 2,427,467 2,390,440 0.10 Rural Electrification Corp Ltd 8.65% 22/1/2020 250,000,000 INR 3,932,975 3,999,305 0.16 Rural Electrification Corp Ltd 9.04% 12/10/2019 450,000,000 INR 7,075,027 7,233,558 0.29 Rural Electrification Corp Ltd 9.34% 25/8/2024 50,000,000 INR 825,200 851,503 0.03 284,227,784 283,994,600 11.30

Indonesia Bukit Makmur Mandiri Utama PT 7.75% 13/2/2022 ‘REGS’ 5,000,000 USD 5,105,079 5,115,350 0.20 Indonesia Treasury Bond 5.25% 15/5/2018 46,000,000,000 IDR 3,472,482 3,441,155 0.14 Indonesia Treasury Bond 5.625% 15/5/2023 104,638,000,000 IDR 9,722,510 7,416,323 0.30 Indonesia Treasury Bond 6.125% 15/5/2028 69,910,000,000 IDR 6,081,248 4,837,441 0.19 Indonesia Treasury Bond 6.375% 15/4/2042 39,000,000,000 IDR 3,567,337 2,456,027 0.10 Indonesia Treasury Bond 6.625% 15/5/2033 93,000,000,000 IDR 8,509,569 6,404,457 0.25 Indonesia Treasury Bond 7% 15/5/2022 204,000,000,000 IDR 16,514,030 15,513,337 0.62 Indonesia Treasury Bond 7% 15/5/2027 108,000,000,000 IDR 9,158,995 8,191,874 0.33 Indonesia Treasury Bond 7.5% 15/8/2032 80,043,000,000 IDR 6,089,944 6,077,923 0.24 Indonesia Treasury Bond 7.875% 15/4/2019 81,510,000,000 IDR 6,245,444 6,274,328 0.25 Indonesia Treasury Bond 8.25% 15/7/2021 339,897,000,000 IDR 26,358,170 26,913,771 1.06 Indonesia Treasury Bond 8.25% 15/6/2032 110,410,000,000 IDR 10,046,774 8,860,967 0.35 Indonesia Treasury Bond 8.25% 15/5/2036 202,392,000,000 IDR 15,716,949 16,239,955 0.65 Indonesia Treasury Bond 8.375% 15/3/2024 339,300,000,000 IDR 26,525,828 27,579,341 1.09 Indonesia Treasury Bond 8.375% 15/9/2026 265,984,000,000 IDR 21,051,010 22,019,143 0.88 Indonesia Treasury Bond 8.375% 15/3/2034 222,514,000,000 IDR 16,837,781 17,964,739 0.71 Indonesia Treasury Bond 8.75% 15/5/2031 151,700,000,000 IDR 10,935,102 12,806,428 0.51 Indonesia Treasury Bond 8.75% 15/2/2044 84,600,000,000 IDR 6,509,600 6,934,946 0.28 Indonesia Treasury Bond 9% 15/3/2029 211,000,000,000 IDR 16,809,693 18,018,315 0.72 Indonesia Treasury Bond 9.5% 15/7/2023 60,000,000,000 IDR 5,729,903 5,104,333 0.20 Indonesia Treasury Bond 9.5% 15/7/2031 90,000,000,000 IDR 8,767,711 7,966,460 0.32 Indonesia Treasury Bond 9.5% 15/5/2041 56,800,000,000 IDR 5,432,213 5,011,953 0.20 Indonesia Treasury Bond 9.75% 15/5/2037 13,000,000,000 IDR 1,476,448 1,169,146 0.05 Indonesia Treasury Bond 10% 15/9/2024 38,900,000,000 IDR 3,351,815 3,433,649 0.14 Indonesia Treasury Bond 10% 15/2/2028 80,000,000,000 IDR 7,506,785 7,264,978 0.29 Indonesia Treasury Bond 10.25% 15/7/2022 90,000,000,000 IDR 7,163,170 7,748,340 0.31 Indonesia Treasury Bond 10.25% 15/7/2027 85,000,000,000 IDR 7,498,758 7,809,604 0.31 Indonesia Treasury Bond 10.5% 15/8/2030 78,672,000,000 IDR 7,603,260 7,452,515 0.30 Indonesia Treasury Bond 10.5% 15/7/2038 45,000,000,000 IDR 4,152,000 4,318,177 0.17 Indonesia Treasury Bond 11% 15/11/2020 70,000,000,000 IDR 6,179,274 5,939,298 0.24

77 EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Indonesia Treasury Bond 11% 15/9/2025 95,800,000,000 IDR 9,313,316 8,934,145 0.36 Indonesia Treasury Bond 11.5% 15/9/2019 18,000,000,000 IDR 1,655,569 1,488,081 0.06 Indonesia Treasury Bond 11.75% 15/8/2023 3,900,000,000 IDR 427,071 364,439 0.01 Indonesia Treasury Bond 12.8% 15/6/2021 27,000,000,000 IDR 2,907,765 2,451,322 0.10 Indosat Tbk PT 8% 2/9/2019 35,500,000,000 IDR 2,700,393 2,688,970 0.11 Indosat Tbk PT 8.15% 31/5/2020 63,000,000,000 IDR 4,739,622 4,752,121 0.19 Indosat Tbk PT 8.55% 31/5/2022 50,000,000,000 IDR 3,791,380 3,763,271 0.15 Indosat Tbk PT 8.6% 2/9/2021 50,000,000,000 IDR 3,826,741 3,829,300 0.15 Indosat Tbk PT 8.875% 27/6/2022 10,000,000,000 IDR 1,059,322 757,907 0.03 Indosat Tbk PT 10.4% 4/6/2025 148,000,000,000 IDR 11,290,412 12,308,625 0.49 Lembaga Pembiayaan Ekspor Indonesia 8.4% 23/2/2020 45,000,000,000 IDR 3,455,664 3,381,542 0.13 Saka Energi Indonesia PT 4.45% 5/5/2024 ‘REGS’ 10,000,000 USD 10,133,876 10,100,000 0.40 345,420,013 341,103,996 13.58

Kazakhstan Development Bank of Kazakhstan JSC 5.5% 3/8/2017 ‘IMTN’ 17,000,000 MYR 5,386,290 3,959,187 0.16

Malaysia AFFIN Bank Bhd 5.45% 5/2/2027 ‘MTN’ 5,000,000 MYR 1,129,430 1,182,090 0.05 Aman Sukuk Bhd 3.9% 8/5/2018 ‘IMTN’ 10,000,000 MYR 2,671,386 2,324,484 0.09 Aman Sukuk Bhd 3.9% 27/7/2022 ‘IMTN’ 5,000,000 MYR 1,575,555 1,139,634 0.05 Aman Sukuk Bhd 4.23% 28/2/2018 ‘IMTN’ 10,000,000 MYR 2,678,543 2,330,751 0.09 Aman Sukuk Bhd 4.29% 6/5/2022 ‘IMTN’ 10,000,000 MYR 2,656,678 2,321,456 0.09 Aman Sukuk Bhd 4.47% 8/5/2025 ‘IMTN’ 10,000,000 MYR 2,661,475 2,315,143 0.09 Aman Sukuk Bhd 4.57% 7/5/2027 ‘IMTN’ 10,000,000 MYR 2,679,875 2,313,349 0.09 Bank Pembangunan Malaysia Bhd 4.85% 12/9/2034 ‘IMTN’ 5,000,000 MYR 1,561,513 1,143,373 0.05 Cagamas Bhd 3.38% 15/9/2017 ‘MTN’ 15,000,000 MYR 3,651,842 3,493,121 0.13 Cagamas Bhd 4.1% 4/2/2019 ‘MTN’ 10,000,000 MYR 2,406,743 2,335,759 0.08 Cagamas Bhd 4.45% 25/11/2020 ‘IMTN’ 10,000,000 MYR 2,323,966 2,358,799 0.08 Cagamas Bhd 4.7% 21/12/2022 ‘IMTN’ 5,000,000 MYR 1,159,498 1,195,543 0.05 Cagamas Bhd 4.85% 25/11/2025 ‘MTN’ 10,000,000 MYR 2,323,966 2,403,387 0.09 DanaInfra Nasional Bhd 3.87% 19/7/2024 ‘IMTN’ 5,000,000 MYR 1,611,390 1,136,722 0.05 DanaInfra Nasional Bhd 3.96% 7/2/2025 ‘IMTN’ 5,000,000 MYR 1,613,681 1,139,517 0.05 DanaInfra Nasional Bhd 4.57% 2/5/2031 ‘IMTN’ 5,000,000 MYR 1,283,039 1,136,000 0.05 DanaInfra Nasional Bhd 4.67% 27/11/2029 ‘IMTN’ 10,000,000 MYR 2,982,403 2,325,533 0.09 DanaInfra Nasional Bhd 4.82% 12/11/2030 ‘IMTN’ 22,000,000 MYR 5,113,930 5,151,689 0.20 DanaInfra Nasional Bhd 4.93% 24/7/2034 ‘IMTN’ 5,000,000 MYR 1,574,308 1,156,255 0.05 DanaInfra Nasional Bhd 5.1% 25/5/2037 ‘IMTN’ 5,000,000 MYR 1,164,544 1,176,616 0.05 Danga Capital Bhd 4.88% 29/1/2030 10,000,000 MYR 2,727,114 2,342,422 0.08 Digi Telecommunications Sdn Bhd 4.38% 14/4/2022 ‘IMTN’ 5,000,000 MYR 1,129,302 1,168,683 0.05 GENM Capital Bhd 4.78% 31/3/2022 ‘MTN’ 5,000,000 MYR 1,131,047 1,167,705 0.05 GENM Capital Bhd 4.98% 31/3/2027 ‘MTN’ 5,000,000 MYR 1,131,018 1,169,930 0.05 Genting Capital Bhd 4.86% 8/6/2027 ‘MTN’ 5,000,000 MYR 1,574,566 1,154,951 0.05 Hong Leong Bank Bhd 8.25% 9/9/2039 5,000,000 MYR 1,412,059 1,244,441 0.05 Hong Leong Financial Group Bhd 4.8% 17/9/2020 ‘MTN’ 5,000,000 MYR 1,160,090 1,168,171 0.05 IJM Corp Bhd 4.6% 10/4/2019 ‘IMTN’ 5,000,000 MYR 1,533,036 1,171,199 0.05 IJM Corp Bhd 4.73% 10/4/2020 ‘IMTN’ 5,000,000 MYR 1,349,213 1,175,567 0.05 IJM Corp Bhd 4.83% 10/6/2022 ‘IMTN’ 10,000,000 MYR 2,707,990 2,363,248 0.08 Jambatan Kedua Sdn Bhd 4.86% 26/7/2041 ‘IMTN’ 5,000,000 MYR 1,226,097 1,118,609 0.04 Lembaga Pembiayaan Perumahan Sektor Awam 4.62% 19/9/2036 ‘IMTN’ 5,000,000 MYR 1,208,890 1,106,903 0.04 Lembaga Pembiayaan Perumahan Sektor Awam 5.22% 17/4/2047 ‘IMTN’ 5,000,000 MYR 1,133,150 1,155,894 0.05 Malaysia Airports Capital Bhd 4.68% 16/12/2022 ‘IMTN’ 5,000,000 MYR 1,551,050 1,180,820 0.05 Malaysia Airports Holdings Bhd 4.15% 6/9/2018 ‘IMTN’ 5,000,000 MYR 1,522,312 1,163,861 0.05 Malaysia Government Bond 3.418% 15/8/2022 47,000,000 MYR 12,467,198 10,764,127 0.43 Malaysia Government Bond 3.48% 15/3/2023 39,400,000 MYR 9,988,535 9,016,844 0.36 Malaysia Government Bond 3.492% 31/3/2020 21,000,000 MYR 5,583,086 4,888,951 0.19 Malaysia Government Bond 3.62% 30/11/2021 25,000,000 MYR 6,011,700 5,796,010 0.23 Malaysia Government Bond 3.654% 31/10/2019 12,000,000 MYR 3,099,984 2,809,257 0.11 Malaysia Government Bond 3.659% 15/10/2020 19,000,000 MYR 4,188,454 4,430,241 0.18 Malaysia Government Bond 3.733% 15/6/2028 11,000,000 MYR 2,677,951 2,449,025 0.10

78 EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Malaysia Government Bond 3.795% 30/9/2022 39,000,000 MYR 9,466,183 9,095,198 0.36 Malaysia Government Bond 3.8% 17/8/2023 32,000,000 MYR 7,643,904 7,412,035 0.29 Malaysia Government Bond 3.844% 15/4/2033 22,000,000 MYR 5,449,224 4,785,504 0.19 Malaysia Government Bond 3.889% 31/7/2020 15,000,000 MYR 3,776,753 3,527,086 0.14 Malaysia Government Bond 3.892% 15/3/2027 13,000,000 MYR 3,200,455 2,969,105 0.12 Malaysia Government Bond 3.9% 30/11/2026 28,000,000 MYR 6,452,549 6,489,314 0.26 Malaysia Government Bond 3.955% 15/9/2025 24,500,000 MYR 5,963,739 5,684,542 0.23 Malaysia Government Bond 4.048% 30/9/2021 25,000,000 MYR 6,475,739 5,894,027 0.23 Malaysia Government Bond 4.16% 15/7/2021 24,000,000 MYR 6,898,594 5,683,313 0.23 Malaysia Government Bond 4.181% 15/7/2024 34,000,000 MYR 8,908,875 8,041,856 0.32 Malaysia Government Bond 4.232% 30/6/2031 20,000,000 MYR 4,281,745 4,570,509 0.18 Malaysia Government Bond 4.254% 31/5/2035 20,000,000 MYR 4,840,552 4,506,726 0.18 Malaysia Government Bond 4.392% 15/4/2026 2,000,000 MYR 481,380 476,922 0.02 Malaysia Government Bond 4.498% 15/4/2030 27,000,000 MYR 6,979,553 6,314,098 0.25 Malaysia Government Bond 4.736% 15/3/2046 15,000,000 MYR 3,473,894 3,467,717 0.14 Malaysia Government Bond 4.935% 30/9/2043 9,000,000 MYR 2,448,254 2,134,324 0.08 Malaysia Government Investment Issue 3.226% 15/4/2020 25,000,000 MYR 5,745,972 5,762,465 0.23 Malaysia Government Investment Issue 3.576% 15/5/2020 20,000,000 MYR 4,909,377 4,644,682 0.18 Malaysia Government Investment Issue 3.716% 23/3/2021 8,000,000 MYR 2,230,450 1,859,569 0.07 Malaysia Government Investment Issue 3.743% 26/8/2021 51,000,000 MYR 11,908,702 11,846,436 0.46 Malaysia Government Investment Issue 3.799% 27/8/2020 49,000,000 MYR 11,395,344 11,443,623 0.46 Malaysia Government Investment Issue 3.99% 15/10/2025 30,000,000 MYR 6,800,140 6,928,446 0.28 Malaysia Government Investment Issue 3.998% 30/11/2020 3,000,000 MYR 973,502 703,377 0.03 Malaysia Government Investment Issue 4.045% 15/8/2024 20,000,000 MYR 4,717,946 4,680,371 0.19 Malaysia Government Investment Issue 4.07% 30/9/2026 26,000,000 MYR 6,031,298 6,031,788 0.24 Malaysia Government Investment Issue 4.17% 30/4/2021 5,000,000 MYR 1,690,396 1,180,320 0.05 Malaysia Government Investment Issue 4.194% 15/7/2022 10,000,000 MYR 2,682,149 2,362,526 0.09 Malaysia Government Investment Issue 4.245% 30/9/2030 18,450,000 MYR 4,238,036 4,186,767 0.17 Malaysia Government Investment Issue 4.39% 7/7/2023 23,140,000 MYR 5,545,530 5,510,819 0.22 Malaysia Government Investment Issue 4.444% 22/5/2024 24,000,000 MYR 6,330,362 5,727,817 0.23 Malaysia Government Investment Issue 4.582% 30/8/2033 10,000,000 MYR 2,352,948 2,343,167 0.09 Malaysia Government Investment Issue 4.786% 31/10/2035 20,000,000 MYR 4,658,787 4,746,764 0.19 Malaysia Government Investment Issue 4.895% 8/5/2047 29,380,000 MYR 6,898,513 6,839,807 0.27 Malaysia Government Investment Issue 4.943% 6/12/2028 10,000,000 MYR 2,478,348 2,458,574 0.10 Pengurusan Air SPV Bhd 4.04% 17/6/2021 ‘IMTN’ 5,000,000 MYR 1,218,034 1,163,127 0.05 Perbadanan Tabung Pendidikan Tinggi Nasional 4.19% 27/8/2021 ‘IMTN’ 5,000,000 MYR 1,582,274 1,167,682 0.05 Public Bank Bhd 4.2% 15/4/2019 ‘MTN’ 10,000,000 MYR 2,680,437 2,332,451 0.09 Putrajaya Holdings Sdn Bhd 4.2% 11/4/2022 ‘IMTN’ 5,000,000 MYR 1,281,227 1,159,750 0.05 Putrajaya Holdings Sdn Bhd 4.35% 11/4/2024 ‘IMTN’ 5,000,000 MYR 1,281,227 1,160,763 0.05 Putrajaya Holdings Sdn Bhd 4.5% 26/5/2025 ‘IMTN’ 5,000,000 MYR 1,164,690 1,164,525 0.05 Putrajaya Holdings Sdn Bhd 4.55% 19/9/2023 ‘IMTN’ 5,000,000 MYR 1,546,061 1,175,346 0.05 Rantau Abang Capital Bhd 5.05% 12/5/2031 ‘IMTN’ 5,000,000 MYR 1,662,934 1,186,342 0.05 Rantau Abang Capital Bhd 5.2% 26/3/2029 ‘IMTN’ 5,000,000 MYR 1,541,116 1,213,784 0.05 Sarawak Energy Bhd 5% 4/7/2024 ‘IMTN’ 10,000,000 MYR 3,120,594 2,388,990 0.09 TNB Northern Energy Bhd 4.055% 29/11/2023 3,500,000 MYR 1,150,742 800,508 0.03 UEM Sunrise Bhd 4.6% 13/12/2018 ‘IMTN’ 5,000,000 MYR 1,554,488 1,166,505 0.05 West Coast Expressway Sdn Bhd 5% 28/8/2028 ‘IMTN’ 5,000,000 MYR 1,186,155 1,176,685 0.05 310,636,779 287,652,132 11.44

Netherlands PB International BV 7.625% 26/1/2022 6,800,000 USD 6,829,590 7,095,732 0.28

Philippines Globe Telecom Inc 5.75% 1/9/2017 50,000,000 PHP 1,148,766 995,224 0.04 Philippine Government Bond 3.25% 15/8/2023 415,000,000 PHP 9,062,904 7,765,851 0.31 Philippine Government Bond 3.375% 20/8/2020 558,000,000 PHP 11,429,526 10,905,653 0.43 Philippine Government Bond 3.5% 20/3/2021 1,025,700,000 PHP 21,662,469 20,025,866 0.80 Philippine Government Bond 3.5% 21/4/2023 590,000,000 PHP 12,563,503 11,302,233 0.45 Philippine Government Bond 3.5% 20/9/2026 617,000,000 PHP 12,701,726 11,316,939 0.45 Philippine Government Bond 3.625% 9/9/2025 520,000,000 PHP 10,630,991 9,840,365 0.39 Philippine Government Bond 3.625% 21/3/2033 150,000,000 PHP 2,758,687 2,617,635 0.10 Philippine Government Bond 4% 26/1/2022 1,545,000,000 PHP 30,852,429 30,583,217 1.23

79 EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Philippine Government Bond 4% 6/12/2022 100,000,000 PHP 2,194,915 1,964,483 0.08 Philippine Government Bond 4.125% 20/8/2024 505,000,000 PHP 10,870,427 9,621,830 0.38 Philippine Government Bond 4.5% 20/4/2024 300,000,000 PHP 6,076,628 5,827,735 0.23 Philippine Government Bond 4.625% 9/9/2040 823,453,817 PHP 16,545,694 15,503,520 0.62 Philippine Government Bond 4.75% 4/5/2027 100,000,000 PHP 2,023,204 1,992,169 0.08 Philippine Government Bond 5.25% 18/5/2037 190,000,000 PHP 3,909,397 3,832,762 0.15 Philippine Government Bond 5.375% 1/3/2027 60,000,000 PHP 1,445,412 1,243,295 0.05 Philippine Government Bond 5.75% 24/11/2021 108,000,000 PHP 2,581,533 2,259,752 0.09 Philippine Government Bond 5.75% 27/9/2032 74,000,000 PHP 1,722,257 1,581,888 0.06 Philippine Government Bond 5.75% 16/8/2037 20,000,000 PHP 489,594 428,900 0.02 Philippine Government Bond 5.875% 2/2/2032 50,000,000 PHP 1,176,548 1,079,817 0.04 Philippine Government Bond 5.875% 1/3/2032 396,400,000 PHP 9,552,023 8,397,236 0.33 Philippine Government Bond 6.125% 24/10/2037 475,000,000 PHP 12,290,481 10,732,203 0.43 Philippine Government Bond 6.25% 20/10/2026 50,000,000 PHP 1,336,136 1,085,127 0.04 Philippine Government Bond 7.625% 29/9/2036 113,000,000 PHP 3,367,547 2,851,326 0.11 Philippine Government Bond 8% 19/7/2031 860,000,000 PHP 24,826,618 21,751,629 0.87 Philippine Government Bond 8% 30/9/2035 10,000,000 PHP 227,957 259,054 0.01 Philippine Government Bond 8.125% 16/12/2035 414,264,351 PHP 11,346,341 10,849,362 0.43 224,793,713 206,615,071 8.22

Singapore Alam Synergy Pte Ltd 6.625% 24/4/2022 10,000,000 USD 9,981,604 9,957,000 0.40 APL Realty Holdings Pte Ltd 5.95% 2/6/2024 12,000,000 USD 11,910,177 11,630,160 0.45 Cambridge-MTN Pte Ltd 3.5% 5/11/2018 ‘MTN’ 4,500,000 SGD 3,297,727 3,300,455 0.13 Cambridge-MTN Pte Ltd 3.95% 21/5/2020 ‘MTN’ 3,000,000 SGD 2,232,048 2,234,151 0.09 Cambridge-MTN Pte Ltd 4.1% 29/4/2020 ‘MTN’ 4,500,000 SGD 3,187,172 3,367,605 0.13 Croesus Retail Trust 5% 13/4/2020 ‘MTN’ 11,000,000 SGD 8,095,018 8,054,514 0.32 Ezion Holdings Ltd FRN Perpetual ‘MTN’ 6,250,000 SGD 4,428,519 2,949,303 0.12 Ezion Holdings Ltd 5.1% 13/3/2020 ‘MTN’ 2,500,000 SGD 1,970,647 907,267 0.04 Hong Fok Corp Ltd 4.75% 22/3/2019 ‘MTN’ 6,000,000 SGD 4,642,378 4,420,745 0.18 Hotel Properties Ltd FRN Perpetual ‘MTN’ 6,750,000 SGD 4,831,627 4,992,120 0.20 Indika Energy Capital II Pte Ltd 6.875% 10/4/2022 ‘REGS’ 12,000,000 USD 11,818,335 11,760,000 0.46 Jurong Shipyard Pte Ltd 2.95% 10/9/2021 3,250,000 SGD 2,221,988 2,231,488 0.09 Jurong Shipyard Pte Ltd 3.85% 10/9/2029 7,250,000 SGD 4,767,265 4,741,443 0.19 Keppel Corp Ltd 3.8% 23/4/2027 12,000,000 SGD 8,379,238 8,925,358 0.36 Land Transport Authority of Singapore 3.51% 18/9/2030 ‘MTN’ 8,500,000 SGD 6,004,914 6,808,303 0.27 Lend Lease Retail Investments 3 Pte Ltd 3.28% 3/9/2021 ‘MTN’ 3,000,000 SGD 2,110,873 2,184,785 0.09 Lippo Malls Indonesia Retail Trust FRN Perpetual ‘MTN’ 9,000,000 SGD 6,611,579 6,784,641 0.27 LMIRT Capital Pte Ltd 4.1% 22/6/2020 ‘MTN’ 13,000,000 SGD 9,658,121 9,500,459 0.38 LMIRT Capital Pte Ltd 4.48% 28/11/2017 ‘MTN’ 7,000,000 SGD 5,352,025 5,123,464 0.20 LMIRT Capital Pte Ltd 4.5% 23/11/2018 ‘MTN’ 7,500,000 SGD 5,324,060 5,521,028 0.22 Mapletree Treasury Services Ltd 3.95% FRN Perpetual ‘MTN’ 20,000,000 SGD 14,321,627 14,556,956 0.57 Mapletree Treasury Services Ltd 5.125% FRN Perpetual ‘MTN’ 12,000,000 SGD 9,347,141 8,728,506 0.35 Marble II Pte Ltd 5.3% 20/6/2022 ‘REGS’ 6,400,000 USD 6,400,000 6,424,000 0.26 Monetary Authority of Singapore Bill 0% 8/9/2017 26,000,000 SGD 18,677,372 18,856,607 0.76 Olam International Ltd 6% 25/10/2022 8,000,000 SGD 6,139,129 6,123,842 0.24 OUE Ltd 3.8% 15/4/2020 ‘MTN’ 10,500,000 SGD 7,612,232 7,665,743 0.31 OUE Ltd 4.25% 30/10/2019 ‘MTN’ 1,250,000 SGD 914,477 913,578 0.04 OUE Treasury Pte Ltd 3.75% 17/4/2022 ‘MTN’ 5,000,000 SGD 3,558,045 3,666,991 0.15 Roxy-Pacific Holdings Ltd 4.5% 20/7/2018 ‘MTN’ 5,750,000 SGD 4,218,403 4,176,185 0.17 Sabana Sukuk Pte Ltd 4% 19/3/2018 ‘MTN’ 4,500,000 SGD 3,330,778 3,169,719 0.13 Sabana Sukuk Pte Ltd 4.25% 3/4/2019 ‘MTN’ 7,000,000 SGD 5,429,487 4,727,356 0.19 Singapore Government Bond 1.75% 1/4/2022 7,653,000 SGD 5,487,519 5,621,648 0.22 Singapore Government Bond 2.25% 1/6/2021 28,000,000 SGD 21,227,837 20,920,220 0.84 Singapore Government Bond 2.25% 1/8/2036 6,000,000 SGD 4,463,792 4,279,035 0.17 Singapore Government Bond 2.375% 1/6/2025 10,000,000 SGD 7,378,178 7,496,644 0.30 Singapore Government Bond 2.75% 1/7/2023 24,000,000 SGD 18,128,873 18,431,680 0.73 Singapore Government Bond 2.75% 1/4/2042 18,000,000 SGD 12,051,383 13,941,191 0.55 Singapore Government Bond 2.75% 1/3/2046 10,400,000 SGD 7,368,885 8,037,230 0.32 Singapore Government Bond 2.875% 1/7/2029 8,000,000 SGD 5,855,413 6,245,603 0.25 Singapore Government Bond 2.875% 1/9/2030 15,350,000 SGD 10,922,861 11,944,385 0.48 Singapore Government Bond 3% 1/9/2024 21,000,000 SGD 15,672,901 16,413,473 0.65

80 EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Singapore Government Bond 3.125% 1/9/2022 19,000,000 SGD 14,957,752 14,836,481 0.59 Singapore Government Bond 3.375% 1/9/2033 11,010,000 SGD 8,353,583 9,079,354 0.36 Singapore Government Bond 3.5% 1/3/2027 15,500,000 SGD 12,375,955 12,679,880 0.50 StarHub Ltd FRN Perpetual ‘MTN’ 12,000,000 SGD 8,711,645 8,789,619 0.35 United Overseas Bank Ltd FRN Perpetual 15,000,000 SGD 11,072,414 11,119,973 0.44 Viva iTrust MTN Pte Ltd 4.15% 19/9/2018 ‘MTN’ 6,000,000 SGD 4,582,549 4,382,866 0.17 365,385,546 368,623,054 14.68

South Korea Korea Treasury Bond 1.375% 10/9/2021 27,700,000,000 KRW 23,482,332 23,720,679 0.94 Korea Treasury Bond 1.5% 10/12/2026 15,600,000,000 KRW 12,946,354 12,804,120 0.51 Korea Treasury Bond 1.5% 10/9/2036 9,000,000,000 KRW 6,972,122 6,880,880 0.27 Korea Treasury Bond 1.625% 10/6/2018 11,000,000,000 KRW 9,407,092 9,627,247 0.38 Korea Treasury Bond 1.875% 10/3/2022 10,000,000,000 KRW 8,917,945 8,728,252 0.35 Korea Treasury Bond 1.875% 10/6/2026 25,000,000,000 KRW 22,578,296 21,273,630 0.85 Korea Treasury Bond 2% 10/12/2017 38,000,000,000 KRW 33,888,236 33,310,703 1.34 Korea Treasury Bond 2% 10/3/2020 19,000,000,000 KRW 17,428,031 16,719,750 0.67 Korea Treasury Bond 2% 10/9/2020 22,700,000,000 KRW 19,764,826 19,969,075 0.79 Korea Treasury Bond 2% 10/3/2021 25,000,000,000 KRW 22,181,122 21,972,096 0.87 Korea Treasury Bond 2% 10/3/2046 18,400,000,000 KRW 15,911,126 15,250,586 0.61 Korea Treasury Bond 2.125% 10/6/2027 3,000,000,000 KRW 2,613,705 2,600,182 0.10 Korea Treasury Bond 2.125% 10/3/2047 6,000,000,000 KRW 5,130,518 5,023,051 0.20 Korea Treasury Bond 2.25% 10/6/2025 25,000,000,000 KRW 22,997,115 22,001,069 0.88 Korea Treasury Bond 2.625% 10/9/2035 13,000,000,000 KRW 12,354,516 11,910,392 0.47 Korea Treasury Bond 2.75% 10/9/2019 10,000,000,000 KRW 9,101,887 8,937,822 0.36 Korea Treasury Bond 2.75% 10/12/2044 14,000,000,000 KRW 12,832,744 13,379,173 0.53 Korea Treasury Bond 3% 10/3/2023 16,000,000,000 KRW 14,389,918 14,699,247 0.58 Korea Treasury Bond 3% 10/9/2024 16,000,000,000 KRW 14,705,051 14,803,289 0.59 Korea Treasury Bond 3% 10/12/2042 20,863,900,000 KRW 19,045,075 20,839,062 0.83 Korea Treasury Bond 3.125% 10/3/2019 10,000,000,000 KRW 9,200,904 8,955,923 0.36 Korea Treasury Bond 3.25% 10/9/2018 16,000,000,000 KRW 15,041,193 14,263,639 0.57 Korea Treasury Bond 3.375% 10/9/2023 13,000,000,000 KRW 11,827,880 12,239,076 0.49 Korea Treasury Bond 3.5% 10/3/2024 14,000,000,000 KRW 14,464,499 13,295,380 0.53 Korea Treasury Bond 3.75% 10/6/2022 7,000,000,000 KRW 6,896,730 6,637,681 0.26 Korea Treasury Bond 3.75% 10/12/2033 18,000,000,000 KRW 18,331,834 18,826,789 0.75 Korea Treasury Bond 4% 10/12/2031 19,000,000,000 KRW 18,842,872 20,116,435 0.80 Korea Treasury Bond 4.25% 10/6/2021 10,500,000,000 KRW 9,542,358 10,004,288 0.40 Korea Treasury Bond 4.75% 10/12/2030 11,000,000,000 KRW 11,590,251 12,352,889 0.49 Korea Treasury Bond 5% 10/6/2020 8,500,000,000 KRW 7,844,348 8,114,794 0.32 Korea Treasury Bond 5.25% 10/3/2027 2,000,000,000 KRW 2,114,796 2,208,181 0.09 Korea Treasury Bond 5.5% 10/3/2028 4,100,000,000 KRW 3,333,011 4,690,914 0.19 Korea Treasury Bond 5.5% 10/12/2029 9,000,000,000 KRW 8,674,584 10,617,946 0.42 Korea Treasury Bond 5.75% 10/9/2018 14,000,000,000 KRW 11,933,590 12,840,171 0.51 Korea Treasury Bond 5.75% 10/3/2026 2,100,000,000 KRW 2,347,476 2,351,317 0.09 Woori Bank 4.5% FRN Perpetual ‘REGS’ 5,000,000 USD 4,924,802 4,961,750 0.19 Woori Bank 5.25% FRN Perpetual ‘REGS’ 3,900,000 USD 3,900,000 3,912,636 0.16 467,459,139 470,840,114 18.74

Thailand Thailand Government Bond 1.875% 17/6/2022 1,171,000,000 THB 32,768,305 34,308,563 1.37 Thailand Government Bond 2.125% 17/12/2026 208,000,000 THB 5,596,923 5,938,137 0.24 Thailand Government Bond 2.875% 17/6/2046 85,000,000 THB 2,539,960 2,269,879 0.09 Thailand Government Bond 3.4% 17/6/2036 100,000,000 THB 3,043,164 3,069,916 0.12 Thailand Government Bond 3.625% 16/6/2023 310,000,000 THB 9,509,452 9,863,335 0.39 Thailand Government Bond 3.65% 17/12/2021 950,000,000 THB 29,463,384 30,086,241 1.20 Thailand Government Bond 3.65% 20/6/2031 345,000,000 THB 10,934,566 10,913,564 0.43 Thailand Government Bond 3.8% 14/6/2041 120,000,000 THB 3,756,055 3,804,783 0.15 Thailand Government Bond 3.85% 12/12/2025 360,000,000 THB 11,366,476 11,766,507 0.47 Thailand Government Bond 4% 17/6/2066 1,190,000,000 THB 37,399,882 37,479,944 1.48 Thailand Government Bond 4.26% 12/12/2037 350,000,000 THB 10,421,281 11,673,955 0.46

81 EASTSPRING INVESTMENTS

ASIAN LOCAL BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Thailand Government Bond 4.5% 9/4/2024 30,000,000 THB 979,600 1,006,815 0.04 Thailand Government Bond 4.675% 29/6/2044 250,000,000 THB 8,837,456 9,052,331 0.36 Thailand Government Bond 4.85% 17/6/2061 162,600,000 THB 5,749,721 6,165,736 0.25 Thailand Government Bond 4.875% 22/6/2029 428,000,000 THB 14,969,901 15,334,681 0.61 Thailand Government Bond 5.625% 12/1/2019 200,000,000 THB 6,242,293 6,250,166 0.25 Thailand Government Bond 6.15% 7/7/2026 50,000,000 THB 1,396,967 1,909,171 0.08 194,975,386 200,893,724 7.99

United Kingdom HSBC Holdings Plc FRN Perpetual ‘EMTN’ 8,750,000 SGD 6,309,943 6,435,542 0.26

Total Bonds 2,446,987,413 2,407,506,289 95.81

SECURITISED ASSETS

Malaysia Cagamas MBS Bhd 4.17% 27/5/2022 1,500,000 MYR 440,789 347,221 0.01

Total Securitised Assets 440,789 347,221 0.01

Total Investments 2,447,428,202 2,407,853,510 95.82

Other Net Assets 105,040,944 4.18

Total Net Assets 2,512,894,454 100.00

82 Eastspring Investments – Asian Low Volatility Equity Fund(*) (“Asian Low Volatility Equity Fund”)

EASTSPRING INVESTMENTS

ASIAN LOW VOLATILITY EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Australia AGL Energy Ltd 13,330 AUD 269,658 261,324 0.10 BT Investment Management Ltd 139,386 AUD 1,248,686 1,219,466 0.46 Coca-Cola Amatil Ltd 74,203 AUD 543,560 526,540 0.20 Costa Group Holdings Ltd 91,265 AUD 250,497 340,294 0.13 Cromwell Property Group (REIT) 1,688,286 AUD 1,257,900 1,233,042 0.46 Goodman Group (REIT) 59,718 AUD 339,910 361,317 0.14 JB Hi-Fi Ltd 31,947 AUD 683,423 573,980 0.21 MYOB Group Ltd 198,445 AUD 528,790 521,764 0.20 Qantas Airways Ltd 276,247 AUD 953,147 1,214,792 0.45 Sonic Healthcare Ltd 182,089 AUD 3,093,002 3,390,518 1.27 Transurban Group 211,175 AUD 1,807,890 1,923,841 0.72 Wesfarmers Ltd 167,825 AUD 5,399,402 5,176,377 1.93 Woolworths Ltd 250,574 AUD 4,884,366 4,920,000 1.83 21,260,231 21,663,255 8.10

Bermuda Cafe de Coral Holdings Ltd 346,000 HKD 1,226,500 1,121,386 0.42 CK Infrastructure Holdings Ltd 216,000 HKD 1,688,768 1,815,164 0.68 CP Pokphand Co Ltd 8,208,000 HKD 1,009,300 630,880 0.24 Dairy Farm International Holdings Ltd 301,400 USD 2,233,828 2,375,032 0.89 Shenzhen International Holdings Ltd 163,963 HKD 241,007 300,779 0.11 VTech Holdings Ltd 282,700 HKD 3,663,481 4,479,751 1.67 10,062,884 10,722,992 4.01

Cayman Islands Cheung Kong Property Holdings Ltd 35,000 HKD 254,023 274,172 0.10 HKBN Ltd 290,500 HKD 320,361 290,640 0.11 Kingboard Chemical Holdings Ltd 365,500 HKD 1,299,107 1,456,150 0.54 Kingboard Laminates Holdings Ltd 1,033,000 HKD 1,101,024 1,246,550 0.47 Shenzhou International Group Holdings Ltd 169,000 HKD 1,072,914 1,110,612 0.42 SITC International Holdings Co Ltd 434,000 HKD 282,043 341,363 0.13 Tongda Group Holdings Ltd 2,800,000 HKD 819,854 835,742 0.31 Want Want China Holdings Ltd 971,000 HKD 622,477 655,523 0.25 WH Group Ltd 8,134,500 HKD 7,450,581 8,211,367 3.07 13,222,384 14,422,119 5.40

China Agricultural Bank of China Ltd ‘H’ 14,975,000 HKD 6,412,862 7,078,669 2.64 Bank of China Ltd ‘H’ 4,522,000 HKD 2,084,044 2,218,644 0.83 Bank of Communications Co Ltd ‘H’ 2,386,000 HKD 1,875,840 1,684,149 0.63 China Merchants Bank Co Ltd ‘H’ 2,098,500 HKD 5,326,319 6,330,796 2.37 China Minsheng Banking Corp Ltd ‘H’ 1,700,000 HKD 1,850,582 1,696,464 0.63 China Pacific Insurance Group Co Ltd ‘H’ 68,000 HKD 257,804 277,880 0.10 China Petroleum & Chemical Corp ‘H’ 318,000 HKD 249,354 248,086 0.09 China Shenhua Energy Co Ltd ‘H’ 264,000 HKD 645,493 587,776 0.22 China Telecom Corp Ltd ‘H’ 2,694,000 HKD 1,302,845 1,280,353 0.48 Fuyao Glass Industry Group Co Ltd ‘H’ ‘144A’ 557,600 HKD 1,846,258 2,135,759 0.80 Great Wall Motor Co Ltd ‘H’ 653,000 HKD 610,454 806,396 0.30 Industrial & Commercial Bank of China Ltd ‘H’ 8,774,000 HKD 5,598,061 5,923,340 2.22 Jiangsu Expressway Co Ltd ‘H’ 2,044,000 HKD 2,907,362 2,885,498 1.08 Shenzhen Expressway Co Ltd ‘H’ 1,210,000 HKD 1,244,988 1,102,081 0.41 Sinopec Shanghai Petrochemical Co Ltd ‘H’ 4,814,000 HKD 2,560,954 2,577,750 0.96 Weichai Power Co Ltd ‘H’ 3,404,000 HKD 2,662,121 2,982,662 1.12 37,435,341 39,816,303 14.88

83 EASTSPRING INVESTMENTS

ASIAN LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Hong Kong BOC Hong Kong Holdings Ltd 1,111,000 HKD 4,246,854 5,315,731 1.99 CITIC Ltd 799,000 HKD 1,173,145 1,201,637 0.45 CLP Holdings Ltd 723,500 HKD 7,431,701 7,655,561 2.86 Guangdong Investment Ltd 538,000 HKD 801,332 741,571 0.28 Hang Seng Bank Ltd 325,600 HKD 5,774,804 6,811,283 2.55 Henderson Land Development Co Ltd 44,000 HKD 250,637 245,470 0.09 Lenovo Group Ltd 342,000 HKD 226,753 215,989 0.08 Link REIT (REIT) 199,000 HKD 1,444,192 1,514,251 0.57 MTR Corp Ltd 1,302,000 HKD 7,083,707 7,330,410 2.74 Power Assets Holdings Ltd 478,500 HKD 4,501,939 4,226,439 1.58 32,935,064 35,258,342 13.19

Indonesia Bank Rakyat Indonesia Persero Tbk PT 1,036,800 IDR 1,012,625 1,186,359 0.44 Indofood Sukses Makmur Tbk PT 1,528,600 IDR 977,916 986,379 0.37 Telekomunikasi Indonesia Persero Tbk PT 12,159,000 IDR 3,723,226 4,123,704 1.55 5,713,767 6,296,442 2.36

International HKT Trust & HKT Ltd 2,225,000 HKD 3,164,417 2,918,692 1.09

Malaysia DiGi.Com Bhd 4,488,600 MYR 5,482,944 5,228,238 1.96 Malayan Banking Bhd 481,600 MYR 1,075,227 1,080,407 0.40 Public Bank Bhd 1,620,000 MYR 7,631,732 7,668,547 2.87 Telekom Malaysia Bhd 2,800,300 MYR 4,683,392 4,338,111 1.62 Tenaga Nasional Bhd 2,325,800 MYR 7,176,062 7,661,189 2.87 26,049,357 25,976,492 9.72

New Zealand EBOS Group Ltd 97,961 NZD 1,389,690 1,255,818 0.47

Philippines Aboitiz Power Corp 2,334,700 PHP 2,299,328 1,799,839 0.67 Bank of the Philippine Islands 166,570 PHP 355,319 343,307 0.13 Energy Development Corp 9,858,400 PHP 1,242,218 1,181,993 0.44 Globe Telecom Inc 26,275 PHP 1,146,396 1,066,413 0.40 Semirara Mining & Power Corp ‘A’ 426,900 PHP 1,273,766 1,357,857 0.51 6,317,027 5,749,409 2.15

Singapore ComfortDelGro Corp Ltd 1,735,400 SGD 3,549,370 2,899,752 1.08 DBS Group Holdings Ltd 116,083 SGD 1,293,295 1,749,085 0.65 Fortune Real Estate Investment Trust (REIT) 1,831,000 HKD 2,366,999 2,272,848 0.85 Keppel Infrastructure Trust 3,711,100 SGD 1,382,720 1,523,297 0.57 Oversea-Chinese Banking Corp Ltd 318,500 SGD 2,018,565 2,496,689 0.93 SATS Ltd 1,061,800 SGD 3,708,791 3,941,823 1.47 SIA Engineering Co Ltd 433,500 SGD 1,225,681 1,284,940 0.48 Singapore Telecommunications Ltd 1,966,900 SGD 5,562,683 5,558,600 2.09 United Overseas Bank Ltd 189,000 SGD 2,606,041 3,174,557 1.19 Venture Corp Ltd 228,700 SGD 1,932,620 2,002,104 0.75 25,646,765 26,903,695 10.06

South Korea Coway Co Ltd 19,505 KRW 1,775,731 1,772,949 0.66 GS Retail Co Ltd 26,679 KRW 1,282,734 1,203,196 0.45 Hite Jinro Co Ltd 47,805 KRW 1,013,378 973,523 0.36 KT&G Corp 14,586 KRW 1,515,479 1,491,554 0.56 LG Uplus Corp 18,391 KRW 268,487 250,753 0.09

84 EASTSPRING INVESTMENTS

ASIAN LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

SFA Engineering Corp 35,850 KRW 1,398,047 1,408,432 0.53 SK Telecom Co Ltd 10,819 KRW 2,103,119 2,515,278 0.95 SKC Co Ltd 29,072 KRW 863,478 852,480 0.32 10,220,453 10,468,165 3.92

Taiwan Advanced Semiconductor Engineering Inc 961,000 TWD 1,156,366 1,233,632 0.46 Chunghwa Telecom Co Ltd 1,526,000 TWD 5,464,588 5,417,755 2.03 Far EasTone Telecommunications Co Ltd 2,150,000 TWD 5,086,109 5,477,486 2.05 FLEXium Interconnect Inc 434,000 TWD 1,156,395 1,633,565 0.61 Hon Hai Precision Industry Co Ltd 1,152,000 TWD 2,912,376 4,430,772 1.66 Micro-Star International Co Ltd 437,000 TWD 1,000,998 1,015,645 0.38 President Chain Store Corp 147,000 TWD 1,166,033 1,321,648 0.49 Taiwan Mobile Co Ltd 70,000 TWD 247,047 263,478 0.10 Taiwan Semiconductor Manufacturing Co Ltd 980,000 TWD 5,395,462 6,716,968 2.51 United Microelectronics Corp 2,184,000 TWD 814,579 1,058,975 0.40 Winbond Electronics Corp 2,062,000 TWD 644,682 1,237,065 0.46 25,044,635 29,806,989 11.15

Thailand Advanced Info Service PCL (Foreign Market) 1,069,700 THB 5,210,540 5,589,399 2.10 Bangkok Bank PCL (Foreign Market) 207,400 THB 1,070,976 1,202,762 0.45 Banpu PCL (Foreign Market) 3,497,700 THB 1,880,410 1,709,210 0.64 Charoen Pokphand Foods PCL (Foreign Market) 1,440,400 THB 1,184,021 1,051,573 0.39 Delta Electronics Thailand PCL NVDR 252,900 THB 660,132 645,837 0.24 Electricity Generating PCL (Foreign Market) 261,300 THB 1,495,058 1,646,106 0.62 Glow Energy PCL NVDR 785,200 THB 1,828,667 1,820,269 0.68 IRPC PCL (Foreign Market) 15,372,200 THB 2,171,300 2,420,999 0.91 Krung Thai Bank PCL (Foreign Market) 4,337,900 THB 2,268,597 2,400,723 0.90 PTT PCL (Foreign Market) 260,400 THB 2,520,491 2,836,269 1.06 Siam Cement PCL/The (Foreign Market) 152,200 THB 2,362,919 2,258,135 0.84 Thai Beverage PCL (Foreign Market) 2,981,800 SGD 2,188,540 1,949,640 0.73 Thai Union Group PCL (Foreign Market) 3,828,100 THB 2,274,051 2,377,773 0.89 Tisco Financial Group PCL (Foreign Market) 113,500 THB 258,234 253,930 0.09 27,373,936 28,162,625 10.54

Total Shares 245,835,951 259,421,338 97.04

Total Investments 245,835,951 259,421,338 97.04

Other Net Assets 7,901,633 2.96

Total Net Assets 267,322,971 100.00

85 Eastspring Investments – Asian Property Securities Fund(1) (“Asian Property Securities Fund”)

EASTSPRING INVESTMENTS

ASIAN PROPERTY SECURITIES FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Australia Cromwell Property Group (REIT) 128,779 AUD 113,964 94,054 1.12 Dexus (REIT) 21,728 AUD 142,665 158,357 1.88 Goodman Group (REIT) 16,247 AUD 69,051 98,301 1.17 GPT Group/The (REIT) 37,338 AUD 134,060 137,498 1.63 Mirvac Group (REIT) 72,348 AUD 115,065 118,472 1.40 Scentre Group (REIT) 79,233 AUD 243,863 246,700 2.92 Stockland (REIT) 54,245 AUD 185,320 182,659 2.17 Vicinity Centres (REIT) 163,930 AUD 360,343 323,892 3.84 Westfield Corp (REIT) 67,266 AUD 453,898 415,258 4.92 1,818,229 1,775,191 21.05

Bermuda Hongkong Land Holdings Ltd 51,600 USD 358,758 379,776 4.50

Cayman Islands Cheung Kong Property Holdings Ltd 62,000 HKD 374,761 485,675 5.76 KWG Property Holding Ltd 55,994 HKD 34,626 37,515 0.44 Longfor Properties Co Ltd 97,000 HKD 164,611 208,508 2.47 Shimao Property Holdings Ltd 25,500 HKD 40,633 43,642 0.52 614,631 775,340 9.19

China China Vanke Co Ltd ‘H’ 75,400 HKD 203,405 213,463 2.53

Hong Kong China Overseas Land & Investment Ltd 142,000 HKD 456,381 415,655 4.93 Hang Lung Properties Ltd 13,000 HKD 26,180 32,474 0.39 Hysan Development Co Ltd 35,000 HKD 169,741 167,014 1.98 Link REIT (REIT) 12,500 HKD 75,939 95,116 1.13 New World Development Co Ltd 119,651 HKD 153,913 151,897 1.80 Sino Land Co Ltd 30,022 HKD 44,795 49,228 0.58 Sun Hung Kai Properties Ltd 24,590 HKD 323,560 361,310 4.28 Swire Properties Ltd 46,200 HKD 138,747 152,397 1.81 Wharf Holdings Ltd/The 16,000 HKD 105,494 132,612 1.57 1,494,750 1,557,703 18.47

Indonesia Bumi Serpong Damai Tbk PT 1,918,200 IDR 266,302 263,388 3.13 Ciputra Development Tbk PT 2,174,496 IDR 229,662 190,896 2.26 495,964 454,284 5.39

Malaysia Pavilion Real Estate Investment Trust (REIT) 205,300 MYR 82,011 84,174 1.00

Philippines Vista Land & Lifescapes Inc 1,380,900 PHP 166,367 158,998 1.89

Singapore Ascendas Real Estate Investment Trust (REIT) 15,992 SGD 30,376 30,323 0.36 Cache Logistics Trust (REIT) 198,500 SGD 141,541 131,952 1.56 CapitaLand Commercial Trust (REIT) 142,600 SGD 157,300 171,973 2.04 CapitaLand Mall Trust (REIT) 91,200 SGD 127,608 130,857 1.55 CapitaLand Retail China Trust (REIT) 116,025 SGD 115,977 138,238 1.64 CDL Hospitality Trusts (REIT) 117,100 SGD 141,592 140,795 1.67 City Developments Ltd 33,300 SGD 214,550 259,585 3.07

86 EASTSPRING INVESTMENTS

ASIAN PROPERTY SECURITIES FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Croesus Retail Trust 180,465 SGD 105,399 154,706 1.83 Fortune Real Estate Investment Trust (REIT) 154,000 HKD 178,755 191,163 2.27 Frasers Centrepoint Ltd 102,900 SGD 120,559 140,542 1.67 Frasers Logistics & Industrial Trust (REIT) 117,900 SGD 80,551 92,506 1.10 Global Logistic Properties Ltd 69,800 SGD 113,372 145,029 1.72 Keppel REIT (REIT) 207,531 SGD 170,472 172,632 2.05 Manulife US Real Estate Investment Trust (REIT) 175,600 USD 146,477 158,040 1.87 Mapletree Commercial Trust (REIT) 176,299 SGD 196,685 204,289 2.42 Mapletree Greater China Commercial Trust (REIT) 224,000 SGD 156,271 175,754 2.08 Suntec Real Estate Investment Trust (REIT) 56,400 SGD 72,365 76,622 0.91 UOL Group Ltd 25,681 SGD 105,337 142,541 1.69 Wheelock Properties Singapore Ltd 20,400 SGD 21,339 27,788 0.33 Wing Tai Holdings Ltd 12,300 SGD 14,207 17,782 0.21 2,410,733 2,703,117 32.04

Thailand Central Pattana PCL (Foreign Market) 31,800 THB 50,425 64,826 0.77 Pruksa Holding PCL (Foreign Market) 208,900 THB 155,532 137,135 1.62 205,957 201,961 2.39

Total Shares 7,850,805 8,304,007 98.45

Total Investments 7,850,805 8,304,007 98.45

Other Net Assets 130,623 1.55

Total Net Assets 8,434,630 100.00

87 Eastspring Investments – China Equity Fund (“China Equity Fund”)

EASTSPRING INVESTMENTS

CHINA EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Cayman Islands AAC Technologies Holdings Inc 289,500 HKD 2,321,690 3,619,568 1.13 Alibaba Group Holding Ltd ADR 222,600 USD 18,591,156 31,264,169 9.79 Autohome Inc ADR 186,100 USD 6,491,080 8,324,253 2.60 Baidu Inc ADR 57,200 USD 10,786,897 10,229,076 3.20 China Resources Cement Holdings Ltd 11,582,000 HKD 5,325,026 5,756,701 1.80 ENN Energy Holdings Ltd 907,000 HKD 4,413,156 5,472,510 1.71 Hengan International Group Co Ltd 754,500 HKD 6,985,325 5,567,242 1.74 JD.com Inc ADR 79,500 USD 3,279,773 3,124,350 0.98 MGM China Holdings Ltd 3,254,800 HKD 6,222,617 7,238,230 2.26 NetEase Inc ADR 10,200 USD 3,206,621 3,073,362 0.96 Tencent Holdings Ltd 862,800 HKD 13,334,193 30,859,147 9.67 Vipshop Holdings Ltd ADR 537,500 USD 7,362,710 5,651,813 1.77 WH Group Ltd 7,041,500 HKD 5,642,294 7,108,038 2.22 Xingda International Holdings Ltd 7,356,000 HKD 3,148,127 2,977,743 0.93 97,110,665 130,266,202 40.76

China Bank of China Ltd ‘H’ 26,174,049 HKD 12,847,557 12,841,863 4.02 China Construction Bank Corp ‘H’ 30,685,520 HKD 21,788,661 23,781,938 7.45 China Longyuan Power Group Corp Ltd ‘H’ 9,937,000 HKD 7,849,301 7,230,394 2.26 China Merchants Bank Co Ltd ‘H’ 1,066,042 HKD 2,345,782 3,216,056 1.01 China National Building Material Co Ltd ‘H’ 5,670,000 HKD 3,508,189 3,370,229 1.05 China Pacific Insurance Group Co Ltd ‘H’ 3,222,600 HKD 12,018,194 13,169,080 4.12 China Petroleum & Chemical Corp ‘H’ 17,293,600 HKD 12,849,690 13,491,526 4.22 China Railway Signal & Communication Corp Ltd ‘H’ ‘144A’ 4,413,000 HKD 3,354,615 3,403,210 1.06 COSCO SHIPPING Energy Transportation Co Ltd ‘H’ 2,842,000 HKD 1,600,247 1,587,336 0.50 Dongfeng Motor Group Co Ltd ‘H’ 4,690,000 HKD 5,492,362 5,545,400 1.74 Industrial & Commercial Bank of China Ltd ‘H’ 23,406,965 HKD 15,523,135 15,802,074 4.94 PICC Property & Casualty Co Ltd ‘H’ 4,996,000 HKD 7,886,939 8,345,616 2.61 Ping An Insurance Group Co of China Ltd ‘H’ 1,436,000 HKD 9,777,764 9,464,511 2.96 Poly Real Estate Group Co Ltd ‘H’ 3,333,950 CNY 4,895,468 4,899,911 1.53 Sinopec Engineering Group Co Ltd ‘H’ 7,352,000 HKD 6,728,630 6,630,351 2.07 128,466,534 132,779,495 41.54

Hong Kong China Mobile Ltd 1,356,500 HKD 15,488,551 14,396,955 4.51 China Overseas Land & Investment Ltd 2,666,000 HKD 8,433,808 7,803,775 2.44 CNOOC Ltd 10,517,000 HKD 15,259,555 11,519,042 3.60 Fosun International Ltd 5,168,500 HKD 5,501,030 8,077,607 2.53 Shanghai Industrial Holdings Ltd 2,309,000 HKD 7,060,705 6,832,730 2.14 51,743,649 48,630,109 15.22

Total Shares 277,320,848 311,675,806 97.52

88 EASTSPRING INVESTMENTS

CHINA EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Other Transferable Securities

SHARES

Cayman Islands China High Precision Automation Group Ltd 6,386,000 HKD 2,728,497 – –

Total Shares 2,728,497 – –

Total Other Transferable Securities 2,728,497 – –

Total Investments 280,049,345 311,675,806 97.52

Other Net Assets 7,931,944 2.48

Total Net Assets 319,607,750 100.00

89 Eastspring Investments – Developed and Emerging Asia Equity Fund(*) (“Developed and Emerging Asia Equity Fund”)

EASTSPRING INVESTMENTS

DEVELOPED AND EMERGING ASIA EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Australia Australia & New Zealand Banking Group Ltd 4,049,970 AUD 112,183,226 89,422,023 2.72 BHP Billiton Ltd 3,977,453 AUD 92,860,389 71,186,277 2.16 GPT Group/The (REIT) 2,947,581 AUD 11,114,113 10,854,492 0.33 Healthscope Ltd 4,097,238 AUD 8,100,432 6,961,322 0.21 National Australia Bank Ltd 2,120,476 AUD 56,060,141 48,237,698 1.46 Nine Entertainment Co Holdings Ltd 12,803,466 AUD 17,343,262 13,583,600 0.41 Origin Energy Ltd 4,403,122 AUD 29,664,920 23,221,650 0.70 Qantas Airways Ltd 11,626,803 AUD 21,544,936 51,128,681 1.55 QBE Insurance Group Ltd 4,448,014 AUD 41,852,398 40,385,391 1.22 Stockland (REIT) 3,432,060 AUD 11,434,929 11,556,790 0.35 Telstra Corp Ltd 4,030,247 AUD 13,157,223 13,323,194 0.40 Wesfarmers Ltd 698,668 AUD 21,554,286 21,549,640 0.65 Westfield Corp (REIT) 2,479,718 AUD 18,592,336 15,308,269 0.46 Whitehaven Coal Ltd 25,092,663 AUD 35,995,702 55,365,203 1.68 Woodside Petroleum Ltd 2,076,366 AUD 65,462,444 47,681,222 1.44 556,920,737 519,765,452 15.74

Bermuda Jardine Matheson Holdings Ltd 871,419 USD 52,051,244 55,945,101 1.69 Kunlun Energy Co Ltd 51,252,000 HKD 45,545,217 43,463,747 1.32 Noble Group Ltd 35,095,840 SGD 130,799,619 11,856,106 0.36 228,396,080 111,264,954 3.37

British Virgin Islands Hollysys Automation Technologies Ltd 830,900 USD 14,710,706 13,676,614 0.41

Cayman Islands Baidu Inc ADR 277,700 USD 46,936,576 49,661,091 1.50 CK Hutchison Holdings Ltd 6,436,000 HKD 78,702,311 80,797,974 2.46 Hengan International Group Co Ltd 1,985,500 HKD 16,115,851 14,650,442 0.44 Sands China Ltd 4,716,000 HKD 24,447,003 21,597,735 0.65 Tencent Holdings Ltd 1,919,500 HKD 40,752,745 68,653,375 2.08 Tingyi Cayman Islands Holding Corp 32,978,000 HKD 37,657,363 39,119,533 1.18 Vipshop Holdings Ltd ADR 2,215,000 USD 28,875,767 23,290,725 0.71 273,487,616 297,770,875 9.02

China Anhui Conch Cement Co Ltd ‘H’ 5,262,500 HKD 14,145,821 18,302,917 0.55 Bank of China Ltd ‘H’ 88,239,000 HKD 34,179,697 43,293,003 1.31 China Construction Bank Corp ‘H’ 122,250,000 HKD 78,179,707 94,746,375 2.86 China Merchants Bank Co Ltd ‘H’ 13,536,500 HKD 25,927,131 40,837,172 1.24 China Pacific Insurance Group Co Ltd ‘H’ 6,368,800 HKD 21,785,696 26,025,954 0.79 Dongfeng Motor Group Co Ltd ‘H’ 23,600,000 HKD 28,229,359 27,904,360 0.85 Guangzhou R&F Properties Co Ltd ‘H’ 10,141,200 HKD 17,108,023 15,771,260 0.48 219,555,434 266,881,041 8.08

Hong Kong BOC Hong Kong Holdings Ltd 14,566,000 HKD 45,510,651 69,693,017 2.11 China Merchants Port Holdings Co Ltd 18,216,133 HKD 49,330,024 50,521,060 1.53 China Mobile Ltd 2,449,500 HKD 26,467,095 25,997,304 0.79 China Overseas Land & Investment Ltd 13,530,000 HKD 40,759,481 39,604,302 1.20 Sino Land Co Ltd 15,889,374 HKD 25,992,607 26,054,043 0.79 Sun Hung Kai Properties Ltd 3,530,000 HKD 47,898,856 51,867,640 1.57 Wharf Holdings Ltd/The 4,508,000 HKD 33,292,350 37,363,414 1.13 269,251,064 301,100,780 9.12

90 EASTSPRING INVESTMENTS

DEVELOPED AND EMERGING ASIA EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India Axis Bank Ltd 4,433,734 INR 34,408,650 35,487,031 1.07 Housing Development Finance Corp Ltd 933,473 INR 21,761,890 23,322,571 0.71 Indiabulls Housing Finance Ltd 2,043,965 INR 30,124,121 34,029,991 1.03 Infosys Ltd 779,684 INR 11,801,133 11,284,991 0.34 Infosys Ltd ADR 5,043,300 USD 82,426,096 75,220,819 2.28 Reliance Industries Ltd GDR ‘144A’ 638,120 USD 18,185,374 27,247,724 0.83 Reliance Industries Ltd 35,084 INR 783,503 749,038 0.02 Rural Electrification Corp Ltd 1,188,120 INR 3,167,940 3,160,662 0.10 202,658,707 210,502,827 6.38

Indonesia Bank Negara Indonesia Persero Tbk PT 93,177,800 IDR 35,361,373 46,143,197 1.41 Bank Rakyat Indonesia Persero Tbk PT 26,324,400 IDR 23,510,492 30,121,710 0.91 Perusahaan Gas Negara Persero Tbk PT 180,703,800 IDR 34,452,175 30,507,112 0.92 Salim Ivomas Pratama Tbk PT 91,148,700 IDR 2,735,338 3,761,529 0.11 96,059,378 110,533,548 3.35

Isle of Man Genting Singapore Plc 26,972,400 SGD 22,498,581 21,260,958 0.64

Malaysia CIMB Group Holdings Bhd 20,043,956 MYR 21,870,766 30,724,425 0.93 Genting Malaysia Bhd 18,951,600 MYR 20,240,809 24,281,918 0.74 42,111,575 55,006,343 1.67

Singapore CapitaLand Ltd 7,117,200 SGD 17,915,671 18,097,172 0.55 DBS Group Holdings Ltd 5,887,617 SGD 77,293,497 88,711,882 2.69 Oversea-Chinese Banking Corp Ltd 7,457,000 SGD 54,859,249 58,454,652 1.77 Singapore Telecommunications Ltd 13,016,200 SGD 36,222,281 36,784,708 1.11 186,290,698 202,048,414 6.12

South Korea Hana Financial Group Inc 1,223,674 KRW 23,211,068 48,395,093 1.47 Hyundai Motor Co 638,139 KRW 75,892,954 88,959,634 2.69 Hyundai Steel Co 421,955 KRW 19,756,440 22,938,950 0.69 Korea Electric Power Corp 1,503,552 KRW 68,363,212 53,616,150 1.62 KT Corp 1,167,902 KRW 29,260,022 33,276,758 1.01 LG Corp 887,242 KRW 49,196,897 59,943,017 1.82 POSCO 140,598 KRW 32,074,785 35,267,774 1.07 Samsung Electronics Co Ltd 82,738 KRW 84,000,480 171,890,238 5.22 SK Innovation Co Ltd 101,219 KRW 11,862,094 14,021,947 0.42 393,617,952 528,309,561 16.01

Taiwan Asustek Computer Inc 2,396,000 TWD 23,503,312 22,644,658 0.69 Catcher Technology Co Ltd 3,907,000 TWD 29,446,053 46,686,244 1.41 Compal Electronics Inc 20,257,000 TWD 11,754,335 13,651,177 0.41 CTBC Financial Holding Co Ltd 73,606,600 TWD 38,397,660 48,272,608 1.46 Hon Hai Precision Industry Co Ltd 23,936,500 TWD 51,823,202 92,063,529 2.79 Nan Ya Plastics Corp 5,157,000 TWD 9,568,285 12,799,270 0.39 Taiwan Semiconductor Manufacturing Co Ltd 29,228,000 TWD 138,721,415 200,330,128 6.07 303,214,262 436,447,614 13.22

91 EASTSPRING INVESTMENTS

DEVELOPED AND EMERGING ASIA EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Thailand Bangkok Bank PCL (Foreign Market) 6,407,100 THB 30,299,891 37,156,298 1.13 Kasikornbank PCL (Foreign Market) 10,369,400 THB 49,848,106 60,897,750 1.84 80,147,997 98,054,048 2.97

Total Shares 2,888,920,787 3,172,623,029 96.10

Total Investments 2,888,920,787 3,172,623,029 96.10

Other Net Assets 128,687,103 3.90

Total Net Assets 3,301,310,132 100.00

92 Eastspring Investments – Dragon Peacock Fund (“Dragon Peacock Fund”)

EASTSPRING INVESTMENTS

DRAGON PEACOCK FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Cayman Islands Alibaba Group Holding Ltd ADR 53,300 USD 5,748,971 7,485,985 5.45 Baidu Inc ADR 3,400 USD 536,993 608,022 0.44 Chow Tai Fook Jewellery Group Ltd 1,485,600 HKD 907,024 1,573,859 1.15 Geely Automobile Holdings Ltd 1,945,000 HKD 984,195 4,195,851 3.05 JD.com Inc ADR 99,600 USD 2,722,529 3,914,280 2.85 Li Ning Co Ltd 3,345,500 HKD 2,165,518 2,545,692 1.85 Qinqin Foodstuffs Group Cayman Co Ltd 32,000 HKD 60,279 9,633 0.01 Stella International Holdings Ltd 1,153,500 HKD 1,857,562 2,068,731 1.51 Tencent Holdings Ltd 301,100 HKD 4,754,070 10,769,227 7.83 WH Group Ltd 2,682,000 HKD 2,198,332 2,707,343 1.97 21,935,473 35,878,623 26.11

China Bank of China Ltd ‘H’ 4,425,100 HKD 2,035,736 2,171,102 1.58 China Communications Construction Co Ltd ‘H’ 1,321,000 HKD 1,774,195 1,702,390 1.24 China Construction Bank Corp ‘H’ 6,621,000 HKD 5,652,454 5,131,417 3.73 China National Building Material Co Ltd ‘H’ 1,946,000 HKD 1,340,002 1,156,696 0.84 China Pacific Insurance Group Co Ltd ‘H’ 571,400 HKD 2,225,045 2,335,013 1.70 China Petroleum & Chemical Corp ‘H’ 3,329,000 HKD 2,559,147 2,597,105 1.89 China Shenhua Energy Co Ltd ‘H’ 1,013,000 HKD 1,952,773 2,255,369 1.64 Industrial & Commercial Bank of China Ltd ‘H’ 6,481,310 HKD 4,471,943 4,375,541 3.18 Ping An Insurance Group Co of China Ltd ‘H’ 683,500 HKD 3,748,563 4,504,870 3.28 TravelSky Technology Ltd ‘H’ 824,000 HKD 864,270 2,427,803 1.77 26,624,128 28,657,306 20.85

Hong Kong China Jinmao Holdings Group Ltd 6,032,000 HKD 1,740,719 2,488,144 1.81 China Mobile Ltd 220,000 HKD 2,813,304 2,334,928 1.70 China Resources Power Holdings Co Ltd 1,042,000 HKD 1,641,546 2,044,960 1.49 Guangdong Investment Ltd 1,240,000 HKD 1,520,246 1,709,198 1.24 Hua Hong Semiconductor Ltd ‘144A’ 1,200,000 HKD 1,314,586 1,629,467 1.19 9,030,401 10,206,697 7.43

India Aditya Birla Fashion and Retail Ltd 262,450 INR 725,790 704,063 0.51 Axis Bank Ltd 79,229 INR 633,348 634,139 0.46 Bank of Baroda 1,030,294 INR 2,658,140 2,576,632 1.87 Bharat Petroleum Corp Ltd 251,642 INR 1,754,297 2,489,266 1.81 Bharti Airtel Ltd 281,637 INR 1,447,006 1,654,420 1.20 Cipla Ltd/India 242,747 INR 1,902,087 2,086,564 1.52 Coal India Ltd 239,081 INR 1,221,054 903,431 0.66 Dr Reddy’s Laboratories Ltd 52,388 INR 1,628,105 2,180,298 1.59 GAIL India Ltd 427,768 INR 2,050,697 2,392,060 1.74 Gujarat Pipavav Port Ltd 445,283 INR 1,012,513 1,029,895 0.75 Hero MotoCorp Ltd 13,804 INR 763,558 790,461 0.58 Hindalco Industries Ltd 838,274 INR 2,341,866 2,476,403 1.80 Housing Development Finance Corp Ltd 139,055 INR 2,627,541 3,474,252 2.53 Infosys Ltd 392,522 INR 5,193,684 5,681,284 4.12 ITC Ltd 238,944 INR 788,665 1,196,430 0.87 Larsen & Toubro Ltd 139,930 INR 2,679,979 3,653,389 2.66 LIC Housing Finance Ltd 309,707 INR 1,762,084 3,556,211 2.59 Marico Ltd 244,700 INR 1,007,243 1,190,044 0.87 Mphasis Ltd 153,040 INR 1,755,198 1,419,416 1.03

93 EASTSPRING INVESTMENTS

DRAGON PEACOCK FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

NMDC Ltd 720,926 INR 1,308,566 1,207,353 0.88 Reliance Industries Ltd 150,513 INR 2,924,957 3,213,429 2.34 Rural Electrification Corp Ltd 805,697 INR 1,137,660 2,143,332 1.56 Sun Pharmaceutical Industries Ltd 153,156 INR 1,220,076 1,316,710 0.96 Tata Consultancy Services Ltd 65,631 INR 2,527,163 2,398,661 1.75 Tata Motors Ltd 228,351 INR 1,162,304 1,528,111 1.11 Tata Motors Ltd ‘A’ 521,263 INR 1,751,658 2,123,359 1.55 Tata Steel Ltd 349,683 INR 2,256,210 2,952,459 2.15 Vedanta Ltd 474,485 INR 1,499,765 1,828,204 1.33 49,741,214 58,800,276 42.79

Total Shares 107,331,216 133,542,902 97.18

Other Transferable Securities

SHARES

India Vedanta Limited Npv - Pref 1,330,900 INR 242,448 205,902 0.15

Total Shares 242,448 205,902 0.15

Total Other Transferable Securities 242,448 205,902 0.15

Total Investments 107,573,664 133,748,804 97.33

Other Net Assets 3,674,573 2.67

Total Net Assets 137,423,377 100.00

94 Eastspring Investments – Emerging Europe, Middle East and Africa Dynamic Fund(*) (“Emerging Europe, Middle East and Africa Dynamic Fund”)

EASTSPRING INVESTMENTS

EMERGING EUROPE, MIDDLE EAST AND AFRICA DYNAMIC FUND Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Czech Republic CEZ AS 265,769 CZK 5,867,692 4,642,531 2.24

Greece Alpha Bank AE 2,209,436 EUR 4,330,256 5,528,046 2.67 FF Group 220,365 EUR 4,167,012 5,367,548 2.59 8,497,268 10,895,594 5.26

Hungary Magyar Telekom Telecommunications Plc 1,509,590 HUF 2,610,827 2,623,055 1.27

Netherlands Steinhoff International Holdings NV 1,561,871 ZAR 7,601,779 7,978,889 3.85 X5 Retail Group NV GDR 86,732 USD 1,790,629 3,001,795 1.45 9,392,408 10,980,684 5.30

Poland Asseco Poland SA 237,609 PLN 3,406,474 3,150,999 1.52 Orange Polska SA 2,253,637 PLN 2,871,272 3,120,246 1.51 Powszechny Zaklad Ubezpieczen SA 445,248 PLN 5,007,813 5,408,498 2.61 11,285,559 11,679,743 5.64

Qatar Qatar National Bank QPSC 147,810 QAR 5,681,538 5,128,405 2.48

Russia Detsky Mir PJSC 1,840,640 USD 2,701,313 2,916,818 1.41 Gazprom PJSC 3,174,215 USD 10,571,750 6,346,824 3.07 LUKOIL PJSC 209,444 USD 10,781,266 10,176,175 4.92 Magnit PJSC 12,567 USD 2,166,793 1,939,714 0.94 MMC Norilsk Nickel PJSC 2,903 USD 473,006 397,567 0.19 MMC Norilsk Nickel PJSC ADR 278,263 USD 4,307,566 3,833,073 1.85 Mobile TeleSystems PJSC 1,313,130 USD 5,168,577 5,185,595 2.51 Sberbank of Russia PJSC ADR 998,157 USD 8,299,044 10,286,008 4.96 Sberbank of Russia PJSC 1,474,143 USD 3,585,293 3,627,702 1.75 Surgutneftegas OJSC - Pref 6,471,400 USD 4,004,773 3,131,129 1.51 TMK PJSC GDR 357,129 USD 2,037,492 1,867,785 0.90 54,096,873 49,708,390 24.01

South Africa African Rainbow Minerals Ltd 337,067 ZAR 2,319,411 2,164,937 1.05 Barclays Africa Group Ltd 680,640 ZAR 7,870,722 7,411,576 3.58 DataTec Ltd 552,716 ZAR 1,934,695 2,534,767 1.22 FirstRand Ltd 1,709,621 ZAR 5,874,997 6,190,647 2.99 Imperial Holdings Ltd 411,828 ZAR 4,710,255 5,073,473 2.45 MTN Group Ltd 953,014 ZAR 12,574,357 8,317,986 4.03 Naspers Ltd 103,609 ZAR 13,729,874 20,091,254 9.72 PPC Ltd 8,685,808 ZAR 3,773,634 3,478,456 1.68 Remgro Ltd 409,035 ZAR 7,326,775 6,626,916 3.20 Sasol Ltd 261,237 ZAR 9,420,499 7,313,572 3.53 Truworths International Ltd 587,677 ZAR 3,700,818 3,208,386 1.55 Woolworths Holdings Ltd/South Africa 780,071 ZAR 4,406,870 3,665,488 1.77 77,642,907 76,077,458 36.77

95 EASTSPRING INVESTMENTS

EMERGING EUROPE, MIDDLE EAST AND AFRICA DYNAMIC FUND (continued) Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Turkey Emlak Konut Gayrimenkul Yatirim Ortakligi AS (REIT) 3,953,341 TRY 4,232,342 3,313,404 1.60 Haci Omer Sabanci Holding AS 1,454,119 TRY 4,628,178 4,523,788 2.19 Turk Hava Yollari AO 2,253,762 TRY 4,126,873 5,084,130 2.45 Turkiye Halk Bankasi AS 826,222 TRY 4,460,021 3,077,426 1.49 Turkiye Sinai Kalkinma Bankasi AS 9,943,996 TRY 4,241,018 3,983,531 1.92 21,688,432 19,982,279 9.65

United Arab Emirates Abu Dhabi Commercial Bank PJSC 2,718,685 AED 5,395,868 5,188,706 2.51 Union National Bank PJSC 3,530,506 AED 4,243,348 4,517,696 2.18 9,639,216 9,706,402 4.69

Total Shares 206,402,720 201,424,541 97.31

Total Investments 206,402,720 201,424,541 97.31

Other Net Assets 5,567,677 2.69

Total Net Assets 206,992,218 100.00

96 Eastspring Investments – European Investment Grade Bond Fund (“European Investment Grade Bond Fund”)

EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

BONDS

Australia APT Pipelines Ltd 1.375% 22/3/2022 ‘EMTN’ 830,000 EUR 805,597 849,298 0.14 BHP Billiton Finance Ltd FRN 22/10/2079 516,000 EUR 513,706 601,739 0.10 BHP Billiton Finance Ltd 0.75% 28/10/2022 2,335,000 EUR 2,373,288 2,343,498 0.40 Commonwealth Bank of Australia FRN 22/4/2027 ‘EMTN’ 625,000 EUR 614,021 641,663 0.11 Commonwealth Bank of Australia 1.625% 4/2/2019 ‘EMTN’ 1,020,000 EUR 1,047,724 1,046,326 0.18 National Australia Bank Ltd FRN 12/11/2024 ‘GMTN’ 1,044,000 EUR 1,046,390 1,067,605 0.18 National Australia Bank Ltd 2% 12/11/2020 ‘GMTN’ 1,240,000 EUR 1,319,750 1,313,532 0.22 Optus Finance Pty Ltd 3.5% 15/9/2020 ‘EMTN’ 1,632,000 EUR 1,764,637 1,791,740 0.30 Santos Finance Ltd FRN 22/9/2070 ‘EMTN’ 1,790,000 EUR 1,817,870 1,804,678 0.31 Scentre Group Trust 1 1.5% 16/7/2020 ‘EMTN’ 696,000 EUR 704,764 716,866 0.12 Telstra Corp Ltd 2.5% 15/9/2023 ‘EMTN’ 539,000 EUR 573,818 592,954 0.10 12,581,565 12,769,899 2.16

Austria ATON Group Finance GmbH 3.875% 8/11/2018 1,942,000 EUR 1,978,369 1,968,469 0.33 Erste Group Bank AG 7.125% 10/10/2022 ‘EMTN’ 220,000 EUR 263,204 283,474 0.05 OMV AG FRN Perpetual 489,000 EUR 462,260 546,428 0.09 OMV AG 0.6% 19/11/2018 ‘EMTN’ 1,330,000 EUR 1,341,843 1,340,840 0.23 UNIQA Insurance Group AG FRN 27/7/2046 1,900,000 EUR 1,902,126 2,255,434 0.38 Vienna Insurance Group AG Wiener Versicherung Gruppe FRN 9/10/2043 600,000 EUR 656,363 703,164 0.12 6,604,165 7,097,809 1.20

Belgium AG Insurance SA FRN 30/6/2047 1,500,000 EUR 1,510,434 1,570,891 0.26 Anheuser-Busch InBev SA/NV 0.625% 17/3/2020 ‘EMTN’ 730,000 EUR 736,789 739,373 0.13 Anheuser-Busch InBev SA/NV 2.75% 17/3/2036 ‘EMTN’ 1,245,000 EUR 1,240,833 1,327,593 0.22 Eandis System Operator SCRL 2.75% 30/11/2022 ‘EMTN’ 1,100,000 EUR 1,248,276 1,224,718 0.21 Groupe Bruxelles Lambert SA 1.375% 23/5/2024 1,500,000 EUR 1,497,786 1,494,030 0.25 KBC Group NV FRN 11/3/2027 ‘EMTN’ 400,000 EUR 394,439 407,596 0.07 KBC Group NV 1% 26/4/2021 ‘EMTN’ 500,000 EUR 497,696 510,050 0.09 7,126,253 7,274,251 1.23

Bermuda Bacardi Ltd 2.75% 3/7/2023 1,845,000 EUR 1,949,948 2,037,747 0.35

Canada Alimentation Couche-Tard Inc 1.875% 6/5/2026 890,000 EUR 894,398 900,983 0.15 Great-West Lifeco Inc 2.5% 18/4/2023 ‘REGS’ 1,738,000 EUR 1,823,159 1,899,060 0.32 Repsol Oil & Gas Canada Inc 7.75% 1/6/2019 715,000 USD 680,499 685,289 0.12 3,398,056 3,485,332 0.59

Cayman Islands Hutchison Whampoa Europe Finance 13 Ltd FRN Perpetual 598,000 EUR 584,086 611,670 0.10 Hutchison Whampoa Finance 14 Ltd 1.375% 31/10/2021 1,435,000 EUR 1,492,949 1,476,386 0.25 2,077,035 2,088,056 0.35

Denmark Danica Pension Livsforsikrings AB FRN 29/9/2045 883,000 EUR 871,187 999,406 0.17

Finland Elenia Finance Oyj 2.875% 17/12/2020 ‘EMTN’ 1,825,000 EUR 1,891,343 1,963,335 0.33 Fingrid OYJ 3.5% 3/4/2024 ‘EMTN’ 1,278,000 EUR 1,472,544 1,511,350 0.26 Fortum OYJ 6% 20/3/2019 ‘EMTN’ 480,000 EUR 527,103 527,952 0.09 Teollisuuden Voima Oyj 4.625% 4/2/2019 ‘EMTN’ 135,000 EUR 140,721 143,922 0.02 4,031,711 4,146,559 0.70

97 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

France Aeroports de Paris 3.886% 10/5/2020 1,200,000 EUR 1,311,205 1,327,440 0.22 Air Liquide Finance SA 0.125% 13/6/2020 ‘EMTN’ 400,000 EUR 399,167 399,616 0.07 Air Liquide Finance SA 0.5% 13/6/2022 ‘EMTN’ 500,000 EUR 502,685 501,940 0.08 Air Liquide Finance SA 5.25% 18/7/2017 ‘EMTN’ 1,000,000 EUR 1,002,639 1,002,080 0.17 Altarea SCA 2.25% 5/7/2024 1,700,000 EUR 1,679,022 1,672,902 0.28 APRR SA 4.875% 21/1/2019 ‘EMTN’ 1,200,000 EUR 1,288,591 1,289,196 0.22 Auchan Holding SA 3.625% 19/10/2018 ‘EMTN’ 1,100,000 EUR 1,152,805 1,151,645 0.19 Autoroutes du Sud de la France SA 7.375% 20/3/2019 ‘EMTN’ 2,600,000 EUR 2,932,912 2,923,180 0.49 AXA SA FRN 6/7/2047 ‘EMTN’ 859,000 EUR 872,074 913,220 0.15 AXA SA FRN Perpetual ‘EMTN’ 2,707,000 EUR 2,662,827 2,936,148 0.50 Banque Federative du Credit Mutuel SA 0.375% 13/1/2022 ‘EMTN’ 1,800,000 EUR 1,794,594 1,796,040 0.30 Banque Federative du Credit Mutuel SA 3% 21/5/2024 ‘EMTN’ 3,267,000 EUR 3,430,497 3,539,304 0.60 BioMerieux 2.875% 14/10/2020 800,000 EUR 834,515 847,472 0.14 BNP Paribas Cardif SA FRN Perpetual 2,400,000 EUR 2,271,420 2,559,000 0.43 BNP Paribas SA FRN 20/3/2026 ‘EMTN’ 1,720,000 EUR 1,789,507 1,820,620 0.31 BNP Paribas SA 0.75% 11/11/2022 ‘EMTN’ 3,376,000 EUR 3,427,914 3,408,815 0.58 BNP Paribas SA 1.125% 15/1/2023 ‘EMTN’ 1,433,000 EUR 1,436,827 1,473,110 0.25 BNP Paribas SA 1.5% 17/11/2025 ‘EMTN’ 665,000 EUR 664,758 666,948 0.11 BNP Paribas SA 3.75% 25/11/2020 ‘EMTN’ 1,045,000 EUR 1,175,708 1,172,260 0.20 BPCE SA FRN 8/7/2026 1,600,000 EUR 1,652,602 1,680,448 0.28 BPCE SA 0.625% 20/4/2020 ‘EMTN’ 2,600,000 EUR 2,622,875 2,633,644 0.45 BPCE SA 2.875% 22/4/2026 ‘EMTN’ 500,000 EUR 504,987 529,825 0.09 BPCE SA 4.25% 6/2/2023 ‘EMTN’ 900,000 EUR 1,071,678 1,076,499 0.18 Bureau Veritas SA 3.125% 21/1/2021 1,600,000 EUR 1,682,706 1,727,232 0.29 Capgemini SE 1.75% 1/7/2020 700,000 EUR 727,540 726,005 0.12 Carmila SAS 2.375% 18/9/2023 900,000 EUR 928,347 954,882 0.16 Carrefour SA 5.25% 24/10/2018 ‘EMTN’ 1,760,000 EUR 1,882,476 1,880,173 0.32 Christian Dior SE 0.75% 24/6/2021 2,200,000 EUR 2,207,434 2,222,308 0.38 Christian Dior SE 1.375% 19/6/2019 1,200,000 EUR 1,211,832 1,223,916 0.21 CNP Assurances FRN Perpetual 800,000 EUR 759,473 852,568 0.14 CNP Assurances FRN 14/9/2040 700,000 EUR 750,822 805,126 0.14 Coentreprise de Transport d’Electricite SA 0.875% 29/9/2024 1,500,000 EUR 1,495,484 1,482,630 0.25 Credit Agricole Assurances SA 4.25% FRN Perpetual 2,600,000 EUR 2,574,813 2,774,174 0.47 Credit Agricole Assurances SA 4.5% FRN Perpetual 1,600,000 EUR 1,532,504 1,725,696 0.29 Credit Agricole SA 2.625% 17/3/2027 2,190,000 EUR 2,215,861 2,286,864 0.39 Credit Agricole SA/London 0.75% 1/12/2022 ‘EMTN’ 5,200,000 EUR 5,236,342 5,246,279 0.90 Credit Agricole SA/London 0.875% 19/1/2022 ‘EMTN’ 1,800,000 EUR 1,850,303 1,836,270 0.31 Credit Agricole SA/London 1.25% 14/4/2026 ‘EMTN’ 1,400,000 EUR 1,398,511 1,411,438 0.24 Credit Agricole SA/London 1.875% 20/12/2026 ‘EMTN’ 1,000,000 EUR 1,000,751 1,020,470 0.17 Credit Agricole SA/London 2.375% 27/11/2020 ‘EMTN’ 2,900,000 EUR 3,075,219 3,116,485 0.53 Danone SA 0.167% 3/11/2020 ‘EMTN’ 1,100,000 EUR 1,100,945 1,096,524 0.19 Danone SA 3.6% 23/11/2020 ‘EMTN’ 1,650,000 EUR 1,839,047 1,835,114 0.31 Electricite de France SA FRN Perpetual ‘EMTN’ 600,000 EUR 562,877 641,070 0.11 Electricite de France SA 2.75% 10/3/2023 ‘EMTN’ 2,500,000 EUR 2,674,653 2,775,875 0.47 Electricite de France SA 4% 12/11/2025 ‘EMTN’ 1,350,000 EUR 1,632,085 1,648,728 0.28 Electricite de France SA 4.125% 25/3/2027 ‘EMTN’ 1,200,000 EUR 1,472,982 1,491,852 0.25 Electricite de France SA 5.625% 21/2/2033 ‘EMTN’ 642,000 EUR 858,571 932,601 0.16 Engie SA FRN Perpetual 1,000,000 EUR 1,070,719 1,119,510 0.19 Engie SA 0.875% 27/3/2024 ‘EMTN’ 2,100,000 EUR 2,089,875 2,109,450 0.36 Fromageries Bel SA 1.5% 18/4/2024 800,000 EUR 799,603 802,376 0.14 ICADE 1.125% 17/11/2025 700,000 EUR 687,565 683,102 0.12 La Banque Postale SA FRN 23/4/2026 ‘EMTN’ 700,000 EUR 721,287 731,675 0.12 La Poste SA 4.25% 8/11/2021 ‘EMTN’ 1,320,000 EUR 1,567,862 1,550,591 0.26 Orange SA FRN Perpetual ‘EMTN’ 460,000 EUR 453,424 499,146 0.08 Orange SA FRN Perpetual 575,000 EUR 579,702 655,638 0.11 Orange SA 2.5% 1/3/2023 ‘EMTN’ 2,800,000 EUR 3,100,616 3,081,036 0.52 RCI Banque SA 0.625% 10/11/2021 ‘EMTN’ 948,000 EUR 948,149 946,569 0.16 RTE Reseau de Transport d’Electricite SA 1.625% 27/11/2025 ‘EMTN’ 900,000 EUR 928,456 939,789 0.16 RTE Reseau de Transport d’Electricite SA 2.875% 12/9/2023 ‘EMTN’ 600,000 EUR 634,515 679,374 0.12 RTE Reseau de Transport d’Electricite SA 5.125% 12/9/2018 ‘EMTN’ 1,150,000 EUR 1,224,294 1,220,806 0.21 Sanofi 0% 13/1/2020 ‘EMTN’ 4,000,000 EUR 4,006,309 3,990,319 0.68 SCOR SE FRN Perpetual 1,700,000 EUR 1,713,726 1,848,665 0.31 SNCF Mobilites EPIC 4.875% 12/6/2023 ‘EMTN’ 2,200,000 EUR 2,729,166 2,786,850 0.47

98 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Societe Generale SA FRN 16/9/2026 1,400,000 EUR 1,436,727 1,464,764 0.25 Societe Generale SA 0.125% 5/10/2021 ‘EMTN’ 2,500,000 EUR 2,497,906 2,474,525 0.42 Sogecap SA FRN Perpetual 1,900,000 EUR 1,809,553 2,033,076 0.34 TOTAL SA 2.25% FRN Perpetual ‘EMTN’ 2,729,000 EUR 2,635,669 2,759,565 0.47 TOTAL SA 2.625% FRN Perpetual ‘EMTN’ 4,161,000 EUR 3,726,517 4,117,683 0.71 Vilmorin & Cie SA 2.375% 26/5/2021 1,100,000 EUR 1,123,426 1,144,495 0.19 Wendel SA 2.5% 9/2/2027 200,000 EUR 175,050 207,332 0.04 113,813,503 116,881,968 19.80

Germany Allianz SE FRN 7/7/2045 4,600,000 EUR 4,285,912 4,628,059 0.78 alstria office REIT-AG 2.25% 24/3/2021 900,000 EUR 911,468 950,229 0.16 Bayer AG FRN 2/4/2075 1,575,000 EUR 1,501,239 1,585,001 0.27 Berlin Hyp AG 1.625% 29/1/2019 ‘EMTN’ 800,000 EUR 819,259 820,208 0.14 Bertelsmann SE & Co KGaA FRN 23/4/2075 400,000 EUR 384,720 415,156 0.07 Bundesrepublik Deutschland 1.5% 15/2/2023 6,400,000 EUR 7,057,730 6,975,424 1.18 Commerzbank AG 1.125% 24/5/2024 ‘EMTN’ 1,008,000 EUR 1,003,866 1,006,579 0.17 Commerzbank AG 4% 23/3/2026 ‘EMTN’ 1,080,000 EUR 1,101,134 1,164,726 0.20 Daimler AG 0.5% 9/9/2019 ‘EMTN’ 2,742,000 EUR 2,759,831 2,766,459 0.47 Daimler AG 1.5% 19/11/2018 ‘EMTN’ 2,180,000 EUR 2,229,501 2,224,799 0.38 Deutsche Bank AG 2.375% 11/1/2023 ‘EMTN’ 1,700,000 EUR 1,776,829 1,826,174 0.31 Deutsche Bank AG 2.75% 17/2/2025 ‘EMTN’ 865,000 EUR 819,060 856,722 0.15 Deutsche Boerse AG 2.375% 5/10/2022 1,334,000 EUR 1,432,724 1,472,803 0.25 Deutsche Pfandbriefbank AG 0.875% 29/1/2021 ‘EMTN’ 900,000 EUR 901,968 897,813 0.15 Deutsche Post AG 1.5% 9/10/2018 ‘EMTN’ 1,055,000 EUR 1,076,668 1,075,214 0.18 EnBW Energie Baden-Wuerttemberg AG FRN 2/4/2076 ‘EMTN’ 435,000 EUR 429,942 458,338 0.08 Eurogrid GmbH 3.875% 22/10/2020 ‘EMTN’ 1,000,000 EUR 1,082,019 1,114,510 0.19 EWE AG 5.25% 16/7/2021 50,000 EUR 58,898 59,489 0.01 Hannover Rueck SE FRN Perpetual 1,900,000 EUR 1,868,226 2,056,351 0.35 Infineon Technologies AG 1% 10/9/2018 474,000 EUR 474,067 479,271 0.08 Knorr-Bremse AG 0.5% 8/12/2021 ‘EMTN’ 935,000 EUR 934,974 939,890 0.16 Kreditanstalt fuer Wiederaufbau 1.5% 11/6/2024 7,568,000 EUR 8,297,576 8,221,117 1.38 Landesbank Baden-Wuerttemberg FRN 27/5/2026 ‘EMTN’ 300,000 EUR 300,544 310,545 0.05 Volkswagen Leasing GmbH 0.75% 11/8/2020 ‘EMTN’ 1,625,000 EUR 1,650,531 1,648,514 0.28 Volkswagen Leasing GmbH 2.625% 15/1/2024 ‘EMTN’ 1,235,000 EUR 1,286,432 1,344,100 0.23 44,445,118 45,297,491 7.67

Guernsey Credit Suisse Group Funding Guernsey Ltd 1.25% 14/4/2022 ‘EMTN’ 700,000 EUR 686,002 714,441 0.12

Iceland Arion Banki HF 0.75% 29/6/2020 ‘EMTN’ 1,242,000 EUR 1,240,657 1,241,069 0.21

International Corp Andina de Fomento 1% 10/11/2020 ‘EMTN’ 1,900,000 EUR 1,934,934 1,942,712 0.33 European Investment Bank 1% 14/3/2031 ‘EMTN’ 11,785,000 EUR 11,792,240 11,727,254 1.99 International Bank for Reconstruction & Development 0.5% 16/4/2030 9,515,000 EUR 9,009,655 8,869,978 1.50 22,736,829 22,539,944 3.82

Ireland ESB Finance DAC 1.875% 14/6/2031 ‘EMTN’ 348,000 EUR 347,206 356,578 0.06 FCA Bank SpA/Ireland 1.25% 23/9/2020 ‘EMTN’ 610,000 EUR 610,336 621,096 0.11 FCA Bank SpA/Ireland 2% 23/10/2019 ‘EMTN’ 339,000 EUR 340,576 351,838 0.06 FCA Bank SpA/Ireland 2.625% 17/4/2019 ‘EMTN’ 876,000 EUR 899,276 912,336 0.15 GAS Networks Ireland 1.375% 5/12/2026 ‘EMTN’ 915,000 EUR 917,110 919,813 0.16 GE Capital European Funding Unlimited Co 2.25% 20/7/2020 ‘EMTN’ 2,675,000 EUR 2,848,830 2,837,614 0.48 GE Capital European Funding Unlimited Co 2.875% 18/6/2019 ‘EMTN’ 1,930,000 EUR 2,041,128 2,033,738 0.34 Johnson Controls International plc 1.375% 25/2/2025 1,649,000 EUR 1,589,945 1,632,625 0.28 Lunar Funding V for Swisscom AG 2% 30/9/2020 2,480,000 EUR 2,599,281 2,618,533 0.44 Silverback Finance DAC 3.126% 25/2/2037 2,528,698 EUR 2,488,872 2,552,240 0.43 14,682,560 14,836,411 2.51

99 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Italy Assicurazioni Generali SpA FRN 27/10/2047 ‘EMTN’ 2,975,000 EUR 3,178,418 3,309,985 0.56 Assicurazioni Generali SpA FRN 12/12/2042 ‘EMTN’ 600,000 EUR 710,893 741,432 0.13 Assicurazioni Generali SpA FRN 10/7/2042 ‘EMTN’ 100,000 EUR 118,345 134,231 0.02 Autostrade per l’Italia SpA 1.625% 12/6/2023 ‘MTN’ 2,675,000 EUR 2,772,422 2,784,755 0.47 Eni SpA 3.75% 27/6/2019 ‘EMTN’ 3,175,000 EUR 3,409,040 3,403,220 0.57 Immobiliare Grande Distribuzione SIIQ SpA 2.5% 31/5/2021 978,000 EUR 984,347 1,018,245 0.17 Intesa Sanpaolo SpA 4% 30/10/2023 ‘EMTN’ 2,545,000 EUR 2,862,132 2,984,394 0.51 Intesa Sanpaolo Vita SpA FRN Perpetual 900,000 EUR 876,642 931,554 0.16 Societa Esercizi Aereoportuali SpA Sea 3.125% 17/4/2021 934,000 EUR 946,053 1,009,392 0.17 UniCredit SpA 2% 4/3/2023 ‘EMTN’ 636,000 EUR 642,512 667,380 0.11 UniCredit SpA 3.25% 14/1/2021 ‘EMTN’ 1,480,000 EUR 1,553,181 1,624,907 0.28 18,053,985 18,609,495 3.15

Jersey Heathrow Funding Ltd 4.6% 15/2/2018 ‘REGS’ 1,420,000 EUR 1,460,111 1,460,214 0.24 Kennedy Wilson Europe Real Estate Plc 3.25% 12/11/2025 ‘EMTN’ 1,400,000 EUR 1,466,280 1,400,350 0.24 2,926,391 2,860,564 0.48

Luxembourg Alpha Trains Finance SA 2.064% 30/6/2025 ‘EMTN’ 1,765,000 EUR 1,657,392 1,741,861 0.29 DH Europe Finance SA 2.5% 8/7/2025 1,782,000 EUR 1,871,698 1,975,276 0.33 Euroclear Investments SA 1.125% 7/12/2026 1,300,000 EUR 1,300,482 1,298,817 0.22 European Financial Stability Facility 1.75% 27/6/2024 ‘EMTN’ 7,725,000 EUR 8,493,029 8,442,343 1.43 GELF Bond Issuer I SA 0.875% 20/10/2022 ‘EMTN’ 525,000 EUR 522,172 520,921 0.09 GELF Bond Issuer I SA 1.75% 22/11/2021 ‘EMTN’ 1,392,000 EUR 1,429,919 1,443,574 0.24 Glencore Finance Europe SA 3.75% 1/4/2026 ‘EMTN’ 895,000 EUR 806,234 990,147 0.17 Grand City Properties SA 1.5% 17/4/2025 400,000 EUR 371,780 399,840 0.07 Grand City Properties SA 2% 29/10/2021 400,000 EUR 416,948 421,644 0.07 Novartis Finance SA 0.125% 20/9/2023 2,287,000 EUR 2,267,508 2,226,669 0.38 SELP Finance Sarl 1.25% 25/10/2023 1,013,000 EUR 1,008,645 996,265 0.17 20,145,807 20,457,357 3.46

Mexico America Movil SAB de CV FRN 6/9/2073 280,000 EUR 331,497 331,436 0.06 America Movil SAB de CV 4.125% 25/10/2019 ‘EMTN’ 2,120,000 EUR 2,297,656 2,306,454 0.38 Petroleos Mexicanos 2.5% 21/8/2021 ‘EMTN’ 500,000 EUR 499,802 509,410 0.09 Petroleos Mexicanos 5.125% 15/3/2023 ‘EMTN’ 995,000 EUR 1,027,849 1,117,892 0.19 Petroleos Mexicanos 5.5% 24/2/2025 ‘REGS’ 1,518,000 EUR 1,671,929 1,731,006 0.29 5,828,733 5,996,198 1.01

Netherlands ABN AMRO Bank NV FRN 30/6/2025 ‘EMTN’ 1,827,000 EUR 1,858,412 1,925,950 0.33 ABN AMRO Bank NV 2.125% 26/11/2020 ‘EMTN’ 1,244,000 EUR 1,307,905 1,325,395 0.22 ABN AMRO Bank NV 7.125% 6/7/2022 ‘EMTN’ 320,000 EUR 394,742 411,235 0.07 Achmea BV FRN Perpetual ‘EMTN’ 3,085,000 EUR 2,853,111 2,980,419 0.50 Aegon NV FRN 25/4/2044 ‘EMTN’ 2,515,000 EUR 2,415,004 2,636,751 0.45 Alliander NV 2.25% 14/11/2022 ‘EMTN’ 1,730,000 EUR 1,847,163 1,899,869 0.32 ASML Holding NV 3.375% 19/9/2023 760,000 EUR 846,499 875,216 0.15 ASR Nederland NV FRN 29/9/2045 360,000 EUR 369,348 404,834 0.07 ATF Netherlands BV 2.125% 13/3/2023 1,800,000 EUR 1,818,907 1,855,980 0.31 BASF Finance Europe NV 0% 10/11/2020 ‘EMTN’ 2,100,000 EUR 2,093,770 2,087,736 0.35 BMW Finance NV 1.5% 5/6/2018 ‘EMTN’ 1,965,000 EUR 1,992,722 1,995,045 0.34 BMW Finance NV 3.25% 14/1/2019 ‘EMTN’ 2,190,000 EUR 2,294,541 2,298,164 0.39 Bunge Finance Europe BV 1.85% 16/6/2023 1,244,000 EUR 1,251,781 1,271,915 0.22 Compass Group International BV 0.625% 3/7/2024 ‘EMTN’ 1,080,000 EUR 1,071,078 1,059,178 0.18 Cooperatieve Rabobank UA FRN 26/5/2026 2,015,000 EUR 2,098,352 2,114,823 0.36 Cooperatieve Rabobank UA 4.125% 14/1/2020 ‘GMTN’ 3,010,000 EUR 3,326,112 3,314,823 0.57 Cooperatieve Rabobank UA 4.125% 12/1/2021 ‘EMTN’ 2,311,000 EUR 2,588,010 2,624,233 0.44 Demeter Investments BV for Swiss Life AG FRN Perpetual 335,000 EUR 323,459 365,194 0.06 Deutsche Bahn Finance BV 0% 19/7/2021 ‘EMTN’ 1,792,000 EUR 1,792,436 1,779,187 0.30 Deutsche Bahn Finance BV 1.5% 8/12/2032 ‘EMTN’ 1,213,000 EUR 1,210,224 1,196,612 0.20 Deutsche Bahn Finance BV 3% 8/3/2024 ‘EMTN’ 1,353,000 EUR 1,538,447 1,574,676 0.27 100 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Deutsche Bahn Finance BV 3.75% 1/6/2021 ‘EMTN’ 1,507,000 EUR 1,705,000 1,721,521 0.29 Deutsche Telekom International Finance BV 0.25% 19/4/2021 ‘EMTN’ 3,901,000 EUR 3,922,377 3,890,115 0.67 ELM BV for Helvetia Schweizerische Versicherungsgesellschaft AG FRN 29/9/2047 362,000 EUR 359,285 381,686 0.06 ELM BV for Swiss Reinsurance Co Ltd FRN Perpetual 1,628,000 EUR 1,549,937 1,650,906 0.28 EnBW International Finance BV 6.125% 7/7/2039 ‘EMTN’ 150,000 EUR 220,588 242,193 0.04 Enexis Holding NV 1.875% 13/11/2020 ‘EMTN’ 1,042,000 EUR 1,084,943 1,099,831 0.19 EXOR NV 2.125% 2/12/2022 749,000 EUR 739,266 790,435 0.13 Heineken NV 2.125% 4/8/2020 ‘EMTN’ 1,770,000 EUR 1,867,593 1,871,934 0.32 Iberdrola International BV 3% 31/1/2022 ‘EMTN’ 1,300,000 EUR 1,443,909 1,448,551 0.25 ING Bank NV FRN 25/2/2026 1,420,000 EUR 1,513,701 1,552,926 0.26 innogy Finance II BV 5.75% 14/2/2033 ‘EMTN’ 150,000 EUR 200,610 221,565 0.04 JAB Holdings BV 1.25% 22/5/2024 600,000 EUR 599,363 603,720 0.10 JAB Holdings BV 1.75% 25/5/2023 1,200,000 EUR 1,202,519 1,252,236 0.21 LeasePlan Corp NV 1% 8/4/2020 ‘EMTN’ 1,800,000 EUR 1,800,332 1,828,296 0.31 Linde Finance BV 0.25% 18/1/2022 ‘EMTN’ 848,000 EUR 845,791 847,389 0.14 Linde Finance BV 3.875% 1/6/2021 ‘EMTN’ 1,160,000 EUR 1,337,126 1,327,817 0.22 Mylan NV 1.25% 23/11/2020 525,000 EUR 529,366 535,883 0.09 Mylan NV 2.25% 22/11/2024 1,510,000 EUR 1,551,567 1,560,751 0.26 NN Group NV FRN Perpetual 2,265,000 EUR 2,193,664 2,395,238 0.41 Nomura Europe Finance NV 1.5% 12/5/2021 ‘EMTN’ 750,000 EUR 750,066 775,860 0.13 PACCAR Financial Europe BV 0.125% 24/5/2019 ‘EMTN’ 1,675,000 EUR 1,678,547 1,677,864 0.28 Royal Schiphol Group NV 4.43% 28/4/2021 ‘EMTN’ 1,102,000 EUR 1,283,137 1,274,562 0.22 SPP Infrastructure Financing BV 2.625% 12/2/2025 ‘REGS’ 240,000 EUR 228,175 256,090 0.04 Telefonica Europe BV 5.875% 14/2/2033 ‘EMTN’ 600,000 EUR 866,466 851,724 0.14 TenneT Holding BV 0.75% 26/6/2025 ‘EMTN’ 1,196,000 EUR 1,188,570 1,175,417 0.20 TenneT Holding BV 0.875% 4/6/2021 ‘EMTN’ 206,000 EUR 205,547 210,487 0.04 TenneT Holding BV 2.125% 1/11/2020 ‘EMTN’ 1,400,000 EUR 1,489,531 1,487,780 0.25 Teva Pharmaceutical Finance Netherlands II BV 0.375% 25/7/2020 2,070,000 EUR 2,060,387 2,059,940 0.35 Unilever NV 0.375% 14/2/2023 ‘EMTN’ 1,470,000 EUR 1,464,028 1,452,625 0.25 Urenco Finance NV 2.25% 5/8/2022 ‘EMTN’ 320,000 EUR 319,859 341,558 0.06 Urenco Finance NV 2.5% 15/2/2021 ‘EMTN’ 800,000 EUR 823,921 856,616 0.15 Vesteda Finance BV 1.75% 22/7/2019 ‘EMTN’ 1,028,000 EUR 1,039,660 1,053,916 0.18 Vesteda Finance BV 2.5% 27/10/2022 ‘EMTN’ 1,377,000 EUR 1,415,177 1,473,789 0.25 Volkswagen International Finance NV 1.875% 30/3/2027 700,000 EUR 709,616 699,720 0.12 Volkswagen International Finance NV 2% 14/1/2020 ‘EMTN’ 1,010,000 EUR 1,035,507 1,055,430 0.18 Volkswagen International Finance NV 3.3% 22/3/2033 ‘EMTN’ 500,000 EUR 535,619 556,220 0.09 Volkswagen International Finance NV 2.5% FRN Perpetual 1,305,000 EUR 1,166,215 1,303,904 0.22 Volkswagen International Finance NV 3.5% FRN Perpetual 580,000 EUR 532,778 554,666 0.09 Volkswagen International Finance NV 3.75% FRN Perpetual ‘REGS’ 560,000 EUR 587,787 590,285 0.10 Volkswagen International Finance NV 4.625% FRN Perpetual ‘REGS’ 1,600,000 EUR 1,685,465 1,711,968 0.29 Vonovia Finance BV FRN Perpetual 400,000 EUR 394,239 429,984 0.07 Vonovia Finance BV 0.75% 25/1/2022 ‘EMTN’ 2,500,000 EUR 2,522,836 2,510,225 0.43 83,942,093 85,580,858 14.50

New Zealand Chorus Ltd 1.125% 18/10/2023 ‘EMTN’ 646,000 EUR 644,953 642,757 0.11

Norway DNB Bank ASA 3.875% 29/6/2020 ‘EMTN’ 1,727,000 EUR 1,896,614 1,920,459 0.32 Santander Consumer Bank AS 0.375% 17/2/2020 900,000 EUR 902,480 902,745 0.15 Santander Consumer Bank AS 0.625% 20/4/2018 ‘EMTN’ 900,000 EUR 900,105 905,040 0.15 Statkraft AS 1.125% 20/3/2025 ‘EMTN’ 991,000 EUR 995,440 996,312 0.17 Statkraft AS 6.625% 2/4/2019 ‘EMTN’ 890,000 EUR 990,545 990,721 0.17 Statoil ASA 2% 10/9/2020 ‘EMTN’ 500,000 EUR 524,004 528,680 0.09 Statoil ASA 5.625% 11/3/2021 ‘EMTN’ 1,277,000 EUR 1,481,578 1,527,407 0.26 Telenor ASA 2.75% 27/6/2022 ‘EMTN’ 830,000 EUR 937,843 919,233 0.16 8,628,609 8,690,597 1.47

Panama Carnival Corp 1.125% 6/11/2019 896,000 EUR 896,809 915,309 0.15

101 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Portugal Brisa Concessao Rodoviaria SA 2.375% 10/5/2027 ‘EMTN’ 300,000 EUR 299,687 302,703 0.05

Spain Banco Bilbao Vizcaya Argentaria SA 1% 20/1/2021 ‘GMTN’ 800,000 EUR 803,032 817,408 0.14 Banco Bilbao Vizcaya Argentaria SA 3.5% 10/2/2027 ‘GMTN’ 600,000 EUR 641,571 644,544 0.11 Gas Natural Capital Markets SA 6.375% 9/7/2019 2,200,000 EUR 2,483,204 2,475,198 0.41 Merlin Properties Socimi SA 2.225% 25/4/2023 ‘EMTN’ 1,985,000 EUR 2,051,490 2,068,549 0.35 Red Electrica Financiaciones SAU 2.375% 31/5/2019 ‘EMTN’ 1,000,000 EUR 1,046,717 1,043,580 0.18 Santander Consumer Finance SA 1% 26/5/2021 ‘EMTN’ 1,900,000 EUR 1,896,936 1,930,799 0.33 Santander Issuances SAU 3.25% 4/4/2026 1,200,000 EUR 1,215,819 1,280,628 0.22 Telefonica Emisiones SAU 2.318% 17/10/2028 ‘EMTN’ 800,000 EUR 810,761 830,264 0.14 10,949,530 11,090,970 1.88

Sweden Akelius Residential Property AB 1.75% 7/2/2025 ‘EMTN’ 1,069,000 EUR 1,066,106 1,067,749 0.18 Akzo Nobel Sweden Finance AB 2.625% 27/7/2022 ‘EMTN’ 790,000 EUR 871,895 865,532 0.15 Essity AB 0.5% 26/5/2021 ‘EMTN’ 911,000 EUR 909,647 908,631 0.15 Essity AB 1.125% 27/3/2024 ‘EMTN’ 394,000 EUR 393,191 395,017 0.07 Investor AB 4.875% 18/11/2021 ‘EMTN’ 625,000 EUR 721,091 747,475 0.13 Molnlycke Holding AB 1.875% 28/2/2025 385,000 EUR 384,267 393,555 0.07 Nordea Bank AB FRN 10/11/2025 ‘EMTN’ 797,000 EUR 806,408 826,481 0.14 Nordea Bank AB 4% 29/6/2020 ‘EMTN’ 3,078,000 EUR 3,407,082 3,434,249 0.57 SBAB Bank AB 1.375% 2/5/2018 ‘EMTN’ 1,490,000 EUR 1,502,121 1,508,118 0.26 Skandinaviska Enskilda Banken AB FRN 31/10/2028 ‘GMTN’ 640,000 EUR 631,911 636,371 0.11 Svenska Handelsbanken AB 0.25% 28/2/2022 ‘EMTN’ 1,484,000 EUR 1,478,798 1,466,889 0.25 Svenska Handelsbanken AB 2.25% 27/8/2020 ‘EMTN’ 2,180,000 EUR 2,334,266 2,322,441 0.38 Swedbank AB 0.625% 4/1/2021 ‘GMTN’ 1,155,000 EUR 1,179,141 1,169,472 0.20 Vattenfall AB FRN 19/3/2077 420,000 EUR 370,409 409,777 0.07 Vattenfall AB 5% 18/6/2018 ‘EMTN’ 1,070,000 EUR 1,122,807 1,121,189 0.19 17,179,140 17,272,946 2.92

Switzerland Credit Suisse AG/London 1.5% 10/4/2026 ‘EMTN’ 1,643,000 EUR 1,646,843 1,707,372 0.30 UBS AG/London 0.5% 15/5/2018 ‘EMTN’ 1,261,000 EUR 1,263,037 1,268,604 0.21 UBS AG/London 1.25% 3/9/2021 ‘EMTN’ 1,325,000 EUR 1,388,565 1,373,416 0.23 4,298,445 4,349,392 0.74

United Kingdom Aon Plc 2.875% 14/5/2026 2,084,000 EUR 2,179,798 2,276,374 0.39 Aviva Plc FRN 4/12/2045 ‘EMTN’ 1,681,000 EUR 1,565,345 1,721,731 0.29 Aviva Plc FRN 5/7/2043 ‘EMTN’ 640,000 EUR 742,505 767,034 0.13 Barclays Bank Plc 6% 14/1/2021 ‘EMTN’ 1,004,000 EUR 1,091,176 1,170,383 0.20 Barclays Plc FRN 11/11/2025 ‘EMTN’ 325,000 EUR 309,582 334,227 0.06 Barclays Plc 1.875% 23/3/2021 ‘EMTN’ 850,000 EUR 867,463 887,026 0.15 BAT International Finance Plc 1% 23/5/2022 ‘EMTN’ 2,329,000 EUR 2,350,563 2,354,479 0.40 BAT International Finance Plc 2.375% 19/1/2023 ‘EMTN’ 1,125,000 EUR 1,222,758 1,213,065 0.21 BG Energy Capital Plc 3% 16/11/2018 ‘EMTN’ 3,635,000 EUR 3,789,220 3,788,541 0.63 BP Capital Markets Plc 1.109% 16/2/2023 ‘EMTN’ 1,455,000 EUR 1,430,576 1,481,205 0.25 BP Capital Markets Plc 1.117% 25/1/2024 ‘EMTN’ 839,000 EUR 845,271 848,019 0.14 BP Capital Markets Plc 1.953% 3/3/2025 ‘EMTN’ 883,000 EUR 894,409 935,018 0.16 BP Capital Markets Plc 2.994% 18/2/2019 ‘EMTN’ 1,015,000 EUR 1,065,831 1,062,989 0.18 British Telecommunications Plc 1.125% 10/6/2019 ‘EMTN’ 1,340,000 EUR 1,364,165 1,365,219 0.23 Cadent Finance Plc 0.625% 22/9/2024 ‘EMTN’ 479,000 EUR 475,756 462,666 0.08 Coca-Cola European Partners Plc 0.75% 24/2/2022 1,300,000 EUR 1,322,059 1,309,438 0.22 Coventry Building Society 2.5% 18/11/2020 1,494,000 EUR 1,552,774 1,591,767 0.27 DS Smith Plc 2.25% 16/9/2022 ‘EMTN’ 631,000 EUR 632,742 664,708 0.11 Experian Finance Plc 4.75% 4/2/2020 ‘EMTN’ 319,000 EUR 353,974 355,963 0.06 GlaxoSmithKline Capital Plc 0.625% 2/12/2019 ‘EMTN’ 1,630,000 EUR 1,654,600 1,646,235 0.28 Hammerson Plc 2% 1/7/2022 747,000 EUR 763,027 785,926 0.13 HBOS Plc FRN 18/3/2030 ‘EMTN’ 1,587,000 EUR 1,760,261 1,846,062 0.31 HSBC Holdings Plc 1.5% 15/3/2022 ‘EMTN’ 828,000 EUR 824,210 861,294 0.15 HSBC Holdings Plc 2.5% 15/3/2027 ‘EMTN’ 990,000 EUR 1,046,026 1,097,098 0.19

102 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Leeds Building Society 2.625% 1/4/2021 ‘EMTN’ 1,825,000 EUR 1,884,486 1,941,873 0.33 Lloyds Banking Group Plc 0.75% 9/11/2021 ‘EMTN’ 769,000 EUR 768,671 774,937 0.13 Lloyds Banking Group Plc 1% 9/11/2023 ‘EMTN’ 1,596,000 EUR 1,570,797 1,591,483 0.27 Motability Operations Group Plc 0.875% 14/3/2025 ‘EMTN’ 498,000 EUR 493,092 491,984 0.08 Motability Operations Group Plc 3.25% 30/11/2018 ‘EMTN’ 272,000 EUR 284,912 284,781 0.05 Nationwide Building Society 1.125% 3/6/2022 ‘EMTN’ 1,724,000 EUR 1,715,032 1,765,462 0.30 Nationwide Building Society 6.75% 22/7/2020 ‘EMTN’ 640,000 EUR 735,134 757,626 0.13 Royal Bank of Scotland Group Plc FRN 8/3/2023 ‘EMTN’ 1,204,000 EUR 1,204,000 1,243,359 0.21 Royal Bank of Scotland Group Plc 2.5% 22/3/2023 ‘EMTN’ 1,402,000 EUR 1,417,263 1,486,681 0.25 Santander UK Plc 0.875% 13/1/2020 ‘EMTN’ 2,682,000 EUR 2,678,325 2,723,785 0.45 Sky Plc 2.25% 17/11/2025 ‘GMTN’ 1,290,000 EUR 1,352,319 1,365,259 0.23 Smiths Group Plc 2% 23/2/2027 ‘EMTN’ 376,000 EUR 373,177 381,967 0.06 Standard Chartered Plc 1.625% 13/6/2021 ‘EMTN’ 615,000 EUR 604,365 640,104 0.11 Standard Chartered Plc 3.625% 23/11/2022 ‘EMTN’ 740,000 EUR 709,957 816,353 0.14 Wellcome Trust Ltd/The 1.125% 21/1/2027 330,000 EUR 320,956 329,248 0.06 Yorkshire Building Society 1.25% 17/3/2022 ‘EMTN’ 1,781,000 EUR 1,765,293 1,814,714 0.31 Yorkshire Building Society 2.125% 18/3/2019 ‘EMTN’ 1,292,000 EUR 1,325,927 1,335,760 0.23 49,307,797 50,571,843 8.56

United States of America AbbVie Inc 0.375% 18/11/2019 1,771,000 EUR 1,771,117 1,778,279 0.30 Air Products & Chemicals Inc 0.375% 1/6/2021 1,641,000 EUR 1,640,109 1,643,232 0.28 American International Group Inc 1.5% 8/6/2023 839,000 EUR 838,262 848,481 0.14 American International Group Inc 1.875% 21/6/2027 623,000 EUR 621,319 618,016 0.10 American Tower Corp 1.375% 4/4/2025 383,000 EUR 377,956 377,132 0.06 Apple Inc 1% 10/11/2022 ‘EMTN’ 1,550,000 EUR 1,620,053 1,592,920 0.27 AT&T Inc 2.45% 15/3/2035 1,190,000 EUR 1,106,363 1,093,955 0.19 AT&T Inc 2.5% 15/3/2023 2,275,000 EUR 2,461,020 2,444,646 0.41 AT&T Inc 3.15% 4/9/2036 1,143,000 EUR 1,143,056 1,127,627 0.19 Bank of America Corp FRN 4/5/2027 ‘EMTN’ 902,000 EUR 902,000 909,523 0.15 Bank of America Corp 0.75% 26/7/2023 ‘EMTN’ 1,351,000 EUR 1,346,354 1,324,358 0.22 Bank of America Corp 1.375% 10/9/2021 ‘EMTN’ 2,043,000 EUR 2,068,489 2,109,336 0.36 Bank of America Corp 1.625% 14/9/2022 ‘EMTN’ 1,571,000 EUR 1,603,047 1,630,667 0.28 Berkshire Hathaway Inc 1.3% 15/3/2024 2,030,000 EUR 2,075,209 2,078,355 0.35 BorgWarner Inc 1.8% 7/11/2022 1,010,000 EUR 1,022,438 1,050,562 0.18 Brown-Forman Corp 1.2% 7/7/2026 340,000 EUR 339,283 336,005 0.06 Citigroup Inc 2.375% 22/5/2024 ‘EMTN’ 1,190,000 EUR 1,315,325 1,294,506 0.22 Citigroup Inc 5% 2/8/2019 ‘EMTN’ 1,310,000 EUR 1,446,819 1,443,345 0.24 Citigroup Inc 7.375% 4/9/2019 ‘EMTN’ 660,000 EUR 765,576 764,029 0.13 Coca-Cola Co/The 0% 9/3/2021 622,000 EUR 620,073 616,110 0.10 Coca-Cola Co/The 0.75% 9/3/2023 2,005,000 EUR 2,013,165 2,020,459 0.34 General Electric Co 1.25% 26/5/2023 2,168,000 EUR 2,211,680 2,238,373 0.38 Goldman Sachs Group Inc/The 0.75% 10/5/2019 ‘EMTN’ 670,000 EUR 675,291 678,288 0.11 Goldman Sachs Group Inc/The 1.25% 1/5/2025 ‘EMTN’ 679,000 EUR 675,274 669,698 0.11 Goldman Sachs Group Inc/The 1.375% 26/7/2022 ‘EMTN’ 764,000 EUR 759,076 786,622 0.13 Goldman Sachs Group Inc/The 1.625% 27/7/2026 ‘EMTN’ 1,063,000 EUR 1,061,411 1,053,263 0.18 Goldman Sachs Group Inc/The 2.5% 18/10/2021 ‘EMTN’ 2,259,000 EUR 2,369,608 2,444,079 0.41 Goldman Sachs Group Inc/The 3.25% 1/2/2023 ‘EMTN’ 986,000 EUR 1,064,425 1,107,239 0.19 Honeywell International Inc 1.3% 22/2/2023 1,719,000 EUR 1,740,322 1,768,834 0.30 Illinois Tool Works Inc 1.75% 20/5/2022 ‘EMTN’ 1,005,000 EUR 1,055,160 1,064,798 0.18 International Business Machines Corp 1.875% 6/11/2020 2,050,000 EUR 2,177,483 2,159,798 0.37 Johnson & Johnson 0.25% 20/1/2022 1,460,000 EUR 1,459,276 1,457,080 0.25 JPMorgan Chase & Co 0.625% 25/1/2024 ‘EMTN’ 1,929,000 EUR 1,913,749 1,884,035 0.32 JPMorgan Chase & Co 1.375% 16/9/2021 ‘EMTN’ 1,862,000 EUR 1,885,837 1,931,974 0.33 JPMorgan Chase & Co 1.5% 27/1/2025 ‘EMTN’ 891,000 EUR 881,119 913,908 0.15 JPMorgan Chase & Co 1.5% 29/10/2026 ‘EMTN’ 727,000 EUR 722,485 733,717 0.12 Kinder Morgan Inc/DE 1.5% 16/3/2022 375,000 EUR 356,601 378,953 0.06 Kraft Heinz Foods Co 2% 30/6/2023 815,000 EUR 857,033 850,705 0.14 McDonald’s Corp 0.5% 15/1/2021 ‘GMTN’ 2,000,000 EUR 2,021,544 2,006,340 0.34 McKesson Corp 0.625% 17/8/2021 334,000 EUR 333,608 332,243 0.06 Merck & Co Inc 1.125% 15/10/2021 1,080,000 EUR 1,125,319 1,115,802 0.19 Metropolitan Life Global Funding I 2.375% 30/9/2019 ‘GMTN’ 3,933,000 EUR 4,070,429 4,132,402 0.71 Metropolitan Life Global Funding I 2.375% 11/1/2023 ‘EMTN’ 1,265,000 EUR 1,376,495 1,379,584 0.23 Microsoft Corp 2.625% 2/5/2033 866,000 EUR 954,452 983,499 0.17 103 EASTSPRING INVESTMENTS

EUROPEAN INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in EUR)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Morgan Stanley 1.75% 30/1/2025 ‘GMTN’ 2,172,000 EUR 2,153,135 2,227,147 0.38 Morgan Stanley 1.875% 27/4/2027 ‘GMTN’ 1,970,000 EUR 1,968,312 1,976,521 0.33 Morgan Stanley 2.375% 31/3/2021 ‘GMTN’ 1,597,000 EUR 1,661,635 1,710,962 0.29 Nasdaq Inc 3.875% 7/6/2021 320,000 EUR 341,800 361,050 0.06 National Grid North America Inc 0.75% 11/2/2022 ‘EMTN’ 1,200,000 EUR 1,219,587 1,206,792 0.20 Oracle Corp 3.125% 10/7/2025 ‘EMTN’ 1,775,000 EUR 2,012,971 2,058,237 0.35 Parker-Hannifin Corp 1.125% 1/3/2025 ‘REGS’ 672,000 EUR 671,403 670,018 0.11 Philip Morris International Inc 1.75% 19/3/2020 1,750,000 EUR 1,830,830 1,822,713 0.31 PPG Industries Inc 0% 3/11/2019 771,000 EUR 769,947 768,826 0.13 Praxair Inc 1.5% 11/3/2020 ‘EMTN’ 1,832,000 EUR 1,884,895 1,895,900 0.32 Priceline Group Inc/The 2.375% 23/9/2024 870,000 EUR 866,894 923,592 0.16 Prologis LP 3.375% 20/2/2024 516,000 EUR 565,279 590,567 0.10 Simon Property Group LP 2.375% 2/10/2020 1,319,000 EUR 1,379,115 1,397,784 0.24 SLM Student Loan Trust 2003-12 FRN 15/3/2038 ‘REGS’ 2,255,000 GBP 2,483,891 2,484,163 0.42 SLM Student Loan Trust 2003-7 FRN 15/12/2033 ‘REGS’ 2,372,217 EUR 2,278,559 2,311,834 0.39 Southern Power Co 1% 20/6/2022 580,000 EUR 576,844 581,038 0.10 Toyota Motor Credit Corp 1% 9/3/2021 ‘EMTN’ 1,430,000 EUR 1,484,071 1,468,224 0.25 United Technologies Corp 1.125% 15/12/2021 1,602,000 EUR 1,603,752 1,650,717 0.28 US Bancorp 0.85% 7/6/2024 ‘EMTN’ 868,000 EUR 867,708 860,396 0.15 Verizon Communications Inc 0.5% 2/6/2022 1,978,000 EUR 1,974,136 1,941,427 0.33 Verizon Communications Inc 2.625% 1/12/2031 265,000 EUR 291,291 272,454 0.05 Verizon Communications Inc 3.25% 17/2/2026 ‘EMTN’ 530,000 EUR 606,349 597,029 0.10 Wal-Mart Stores Inc 4.875% 21/9/2029 767,000 EUR 1,041,482 1,064,826 0.18 Wells Fargo & Co 1% 2/2/2027 ‘EMTN’ 1,143,000 EUR 1,124,639 1,093,085 0.19 Wells Fargo & Co 1.5% 12/9/2022 ‘EMTN’ 2,708,000 EUR 2,745,634 2,817,565 0.49 Wells Fargo & Co 1.625% 2/6/2025 ‘EMTN’ 800,000 EUR 830,014 828,152 0.14 Wells Fargo & Co 2.125% 4/6/2024 ‘EMTN’ 930,000 EUR 958,605 1,000,215 0.17 Wells Fargo & Co 2.25% 3/9/2020 ‘EMTN’ 746,000 EUR 780,937 793,259 0.13 WP Carey Inc 2% 20/1/2023 1,706,000 EUR 1,684,426 1,749,349 0.30 Zimmer Biomet Holdings Inc 2.425% 13/12/2026 607,000 EUR 607,000 630,024 0.11 98,109,851 98,926,643 16.76

Total Bonds 557,456,419 567,678,015 96.12

SECURITISED ASSETS

United Kingdom Delamare Finance Plc 5.546% 19/2/2029 567,761 GBP 777,295 693,407 0.12

United States of America SLM Student Loan Trust 2003-10 FRN 15/12/2039 ‘REGS’ 950,000 GBP 1,146,213 961,164 0.16 SLM Student Loan Trust 2004-2 FRN 25/7/2039 ‘REGS’ 2,510,000 EUR 2,047,875 2,381,966 0.41 SLM Student Loan Trust 2005-9 FRN 25/1/2041 ‘2005 9X A7A’ 630,000 EUR 555,003 619,530 0.10 3,749,091 3,962,660 0.67

Total Securitised Assets 4,526,386 4,656,067 0.79

Other Transferable Securities

BONDS

United States of America Washington Mutual Bank / Debt not acquired by JPMorgan 4.5% 17/1/2017 ‘GMTN’ (Defaulted) 500,000 EUR 498,846 – –

Total Bonds 498,846 – –

Total Other Transferable Securities 498,846 – –

Total Investments 562,481,651 572,334,082 96.91

Other Net Assets 18,263,725 3.09

Total Net Assets 590,597,807 100.00

104 Eastspring Investments – Global Bond Navigator Fund(*) (“Global Bond Navigator Fund”)

EASTSPRING INVESTMENTS

GLOBAL BOND NAVIGATOR FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland iShares EM Local Govt Bond UCITS ETF USD Dist 30,834 USD 1,993,679 2,035,044 15.08 iShares J.P. Morgan USD EM Bond UCITS ETF 23,011 USD 2,521,211 2,597,711 19.25 iShares USD Corp Bond UCITS ETF 18,055 USD 1,992,645 2,086,526 15.46 iShares USD High Yield Corp Bond UCITS ETF 9,068 USD 953,847 952,503 7.06 iShares USD Short Duration High Yield Corp Bond UCITS ETF USD Dist 12,182 USD 1,173,929 1,151,808 8.54 iShares USD Treasury Bond 1-3yr UCITS ETF 4,121 GBP 545,001 545,159 4.04 iShares USD Treasury Bond 20+yr UCITS ETF USD Dist 539,236 USD 2,387,277 2,522,546 18.69 SPDR Thomson Reuters Global Convertible Bond UCITS ETF 18,483 USD 586,674 636,739 4.72 12,154,263 12,528,036 92.84

Total Mutual Funds 12,154,263 12,528,036 92.84

BONDS

United States of America United States Treasury Bill 0% 20/7/2017 546,100 USD 545,873 545,876 4.04 United States Treasury Note/Bond 1.625% 15/11/2022 230,000 USD 227,115 226,514 1.68 772,988 772,390 5.72

Total Bonds 772,988 772,390 5.72

Total Investments 12,927,251 13,300,426 98.56

Other Net Assets 194,366 1.44

Total Net Assets 13,494,792 100.00

105 Eastspring Investments – Global Emerging Markets Bond Fund(*) (“Global Emerging Markets Bond Fund”)

EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

BONDS

Angola Angolan Government International Bond 9.5% 12/11/2025 ‘REGS’ 2,000,000 USD 1,923,156 2,105,000 0.22

Argentina Argentine Republic Government International Bond 2.5% 31/12/2038 4,000,000 USD 2,699,697 2,620,000 0.27 Argentine Republic Government International Bond 6.25% 22/4/2019 4,000,000 USD 4,000,000 4,196,000 0.44 Argentine Republic Government International Bond 6.625% 6/7/2028 3,500,000 USD 3,500,000 3,508,750 0.37 Argentine Republic Government International Bond 6.875% 22/4/2021 6,500,000 USD 6,536,321 6,971,250 0.73 Argentine Republic Government International Bond 6.875% 26/1/2027 2,500,000 USD 2,478,759 2,581,250 0.27 Argentine Republic Government International Bond 7.125% 6/7/2036 4,000,000 USD 4,000,000 3,970,000 0.42 Argentine Republic Government International Bond 7.5% 22/4/2026 8,000,000 USD 8,185,500 8,591,999 0.89 Argentine Republic Government International Bond 7.625% 22/4/2046 2,000,000 USD 1,971,691 2,045,000 0.21 Provincia de Neuquen Argentina 7.5% 27/4/2025 ‘REGS’ 1,500,000 USD 1,500,000 1,545,000 0.16 34,871,968 36,029,249 3.76

Australia CNOOC Curtis Funding No 1 Pty Ltd 4.5% 3/10/2023 ‘REGS’ 1,000,000 USD 997,863 1,070,843 0.11

Azerbaijan Republic of Azerbaijan International Bond 4.75% 18/3/2024 ‘REGS’ 2,000,000 USD 2,045,052 2,005,000 0.21 Southern Gas Corridor CJSC 6.875% 24/3/2026 ‘REGS’ 5,000,000 USD 5,361,107 5,430,000 0.57 State Oil Co of the Azerbaijan Republic 4.75% 13/3/2023 ‘EMTN’ 3,000,000 USD 2,904,517 2,887,500 0.30 State Oil Co of the Azerbaijan Republic 6.95% 18/3/2030 2,000,000 USD 2,019,523 2,098,000 0.22 12,330,199 12,420,500 1.30

Bermuda Li & Fung Ltd 5.25% Perpetual ‘EMTN’ 1,400,000 USD 1,400,000 1,289,750 0.14 Noble Group Ltd 8.75% 9/3/2022 3,800,000 USD 3,800,000 1,463,000 0.15 5,200,000 2,752,750 0.29

Bolivia Bolivian Government International Bond 4.5% 20/3/2028 ‘REGS’ 1,000,000 USD 991,040 977,500 0.11 Bolivian Government International Bond 4.875% 29/10/2022 ‘REGS’ 500,000 USD 500,516 525,000 0.05 1,491,556 1,502,500 0.16

Brazil Banco Nacional de Desenvolvimento Economico e Social 4.75% 9/5/2024 ‘REGS’ 2,000,000 USD 1,994,251 1,956,000 0.20 Banco Nacional de Desenvolvimento Economico e Social 5.5% 12/7/2020 ‘REGS’ 2,400,000 USD 2,443,357 2,517,000 0.26 Banco Nacional de Desenvolvimento Economico e Social 5.75% 26/9/2023 ‘REGS’ 4,000,000 USD 4,150,480 4,240,400 0.44 Brazil Notas do Tesouro Nacional Serie F 10% 1/1/2027 10,000,000 BRL 3,091,480 2,914,251 0.31 Brazilian Government International Bond 2.625% 5/1/2023 2,000,000 USD 1,790,565 1,852,000 0.19 Brazilian Government International Bond 4.25% 7/1/2025 5,000,000 USD 4,814,714 4,902,500 0.51 Brazilian Government International Bond 4.875% 22/1/2021 4,000,000 USD 4,123,523 4,188,000 0.44 Brazilian Government International Bond 5% 27/1/2045 3,000,000 USD 2,891,597 2,610,000 0.27 Brazilian Government International Bond 5.625% 7/1/2041 2,600,000 USD 2,557,228 2,492,100 0.26 Brazilian Government International Bond 5.625% 21/2/2047 1,000,000 USD 1,027,997 951,500 0.10 Brazilian Government International Bond 5.875% 15/1/2019 2,000,000 USD 2,073,759 2,113,000 0.22 Brazilian Government International Bond 6% 7/4/2026 1,000,000 USD 987,791 1,078,500 0.11 Brazilian Government International Bond 7.125% 20/1/2037 2,400,000 USD 2,386,927 2,732,400 0.29 Brazilian Government International Bond 8.25% 20/1/2034 4,000,000 USD 5,084,401 4,985,999 0.53 Brazilian Government International Bond 8.75% 4/2/2025 1,500,000 USD 1,897,902 1,905,000 0.20 Caixa Economica Federal 3.5% 7/11/2022 ‘REGS’ 1,000,000 USD 1,005,076 961,250 0.10 42,321,048 42,399,900 4.43

106 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

British Virgin Islands Charming Light Investments Ltd 5% 3/9/2024 ‘EMTN’ 1,200,000 USD 1,220,071 1,277,860 0.13 Chinalco Capital Holdings Ltd 4% 25/8/2021 1,000,000 USD 996,569 997,500 0.10 Dianjian Haixing Ltd FRN Perpetual 1,500,000 USD 1,540,733 1,530,000 0.16 FPC Treasury Ltd 4.5% 16/4/2023 ‘REGS’ 1,000,000 USD 983,153 1,017,760 0.11 Keen Idea Global Ltd 4.375% 8/3/2020 1,000,000 USD 993,819 999,020 0.10 King Power Capital Ltd 5.625% 3/11/2024 2,600,000 USD 2,726,579 2,900,937 0.30 Nan Fung Treasury II Ltd 5.5% Perpetual 3,600,000 USD 3,600,000 3,590,999 0.37 New Rose Investments Ltd 4.5% 19/1/2020 1,200,000 USD 1,200,000 1,207,320 0.13 NWD Finance BVI Ltd 5.75% Perpetual 2,100,000 USD 2,100,000 2,107,476 0.22 Sinochem Global Capital Co Ltd FRN Perpetual ‘REGS’ 1,300,000 USD 1,331,134 1,330,875 0.14 Sinochem Overseas Capital Co Ltd 4.5% 12/11/2020 ‘REGS’ 2,000,000 USD 2,001,919 2,104,008 0.22 Sinochem Overseas Capital Co Ltd 6.3% 12/11/2040 ‘REGS’ 1,100,000 USD 1,099,473 1,414,050 0.15 Sinopec Capital 2013 Ltd 3.125% 24/4/2023 ‘REGS’ 2,000,000 USD 1,926,616 1,991,314 0.21 Sinopec Group Overseas Development 2012 Ltd 3.9% 17/5/2022 ‘REGS’ 1,000,000 USD 1,022,106 1,043,345 0.11 Sinopec Group Overseas Development 2012 Ltd 4.875% 17/5/2042 ‘REGS’ 1,000,000 USD 992,909 1,108,899 0.12 Sinopec Group Overseas Development 2013 Ltd 4.375% 17/10/2023 ‘REGS’ 1,000,000 USD 990,598 1,065,946 0.11 Sinopec Group Overseas Development 2014 Ltd 4.375% 10/4/2024 ‘REGS’ 900,000 USD 898,579 958,383 0.10 Sinopec Group Overseas Development 2015 Ltd 4.1% 28/4/2045 ‘REGS’ 500,000 USD 500,000 494,474 0.05 State Grid Overseas Investment 2014 Ltd 4.125% 7/5/2024 ‘REGS’ 1,500,000 USD 1,488,820 1,594,928 0.17 State Grid Overseas Investment 2014 Ltd 4.85% 7/5/2044 ‘REGS’ 800,000 USD 790,197 924,400 0.10 28,403,275 29,659,494 3.10

Cayman Islands Amber Circle Funding Ltd 3.25% 4/12/2022 ‘REGS’ 1,300,000 USD 1,301,724 1,318,920 0.14 China Evergrande Group 7.5% 28/6/2023 2,900,000 USD 2,900,000 2,813,000 0.29 China Evergrande Group 8.75% 28/6/2025 3,000,000 USD 3,000,000 2,928,750 0.31 Future Land Development Holdings Ltd 5% 16/2/2020 1,500,000 USD 1,495,484 1,485,390 0.16 Future Land Development Holdings Ltd 6.25% 12/11/2017 300,000 USD 299,492 301,875 0.03 OmGrid Funding Ltd 5.196% 16/5/2027 ‘REGS’ 2,000,000 USD 2,000,000 2,017,640 0.21 10,996,700 10,865,575 1.14

Chile Banco del Estado de Chile 4.125% 7/10/2020 ‘REGS’ 1,100,000 USD 1,105,945 1,159,125 0.12 Chile Government International Bond 2.25% 30/10/2022 2,000,000 USD 1,918,110 1,979,000 0.21 Chile Government International Bond 3.25% 14/9/2021 1,500,000 USD 1,492,051 1,556,250 0.16 Chile Government International Bond 3.625% 30/10/2042 500,000 USD 411,883 497,500 0.05 Chile Government International Bond 3.86% 21/6/2047 1,000,000 USD 998,412 1,005,790 0.11 Corp Nacional del Cobre de Chile 3% 17/7/2022 ‘REGS’ 2,000,000 USD 1,940,467 2,022,800 0.21 Corp Nacional del Cobre de Chile 3.875% 3/11/2021 ‘REGS’ 1,000,000 USD 995,660 1,048,880 0.11 Corp Nacional del Cobre de Chile 4.25% 17/7/2042 ‘REGS’ 2,500,000 USD 2,423,836 2,429,750 0.25 Corp Nacional del Cobre de Chile 4.5% 13/8/2023 ‘REGS’ 1,000,000 USD 1,011,231 1,076,970 0.11 Corp Nacional del Cobre de Chile 4.875% 4/11/2044 ‘REGS’ 500,000 USD 509,650 531,995 0.06 Corp Nacional del Cobre de Chile 5.625% 21/9/2035 ‘REGS’ 900,000 USD 991,225 1,031,625 0.11 Corp Nacional del Cobre de Chile 5.625% 18/10/2043 ‘REGS’ 1,000,000 USD 1,008,852 1,164,310 0.12 Corp Nacional del Cobre de Chile 7.5% 15/1/2019 ‘REGS’ 2,000,000 USD 2,121,526 2,161,660 0.23 Empresa Nacional del Petroleo 3.75% 5/8/2026 ‘REGS’ 1,000,000 USD 985,018 988,500 0.10 Empresa Nacional del Petroleo 5.25% 10/8/2020 ‘REGS’ 2,400,000 USD 2,437,019 2,577,948 0.28 20,350,885 21,232,103 2.23

China CCB Life Insurance Co Ltd FRN 21/4/2077 2,500,000 USD 2,500,000 2,540,800 0.27 China Development Bank 2.5% 9/10/2020 ‘EMTN’ 1,000,000 USD 1,006,373 998,073 0.10 Export-Import Bank of China/The 2% 26/4/2021 1,400,000 USD 1,394,705 1,371,311 0.14 Export-Import Bank of China/The 2.875% 26/4/2026 1,300,000 USD 1,288,099 1,255,035 0.13 Export-Import Bank of China/The 3.625% 31/7/2024 ‘REGS’ 2,000,000 USD 1,991,638 2,075,092 0.23 8,180,815 8,240,311 0.87

107 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Colombia Colombia Government International Bond 2.625% 15/3/2023 4,400,000 USD 4,211,880 4,298,800 0.45 Colombia Government International Bond 4% 26/2/2024 3,000,000 USD 3,008,391 3,105,000 0.33 Colombia Government International Bond 5% 15/6/2045 2,500,000 USD 2,557,966 2,516,250 0.26 Colombia Government International Bond 5.625% 26/2/2044 2,500,000 USD 2,664,210 2,736,250 0.29 Colombia Government International Bond 6.125% 18/1/2041 3,500,000 USD 3,903,721 4,040,750 0.42 Colombia Government International Bond 7.375% 18/9/2037 2,300,000 USD 2,865,457 2,969,300 0.31 Colombia Government International Bond 8.125% 21/5/2024 1,300,000 USD 1,575,087 1,658,800 0.17 Colombia Government International Bond 10.375% 28/1/2033 2,000,000 USD 3,013,156 3,045,250 0.32 Colombia Government International Bond 11.75% 25/2/2020 2,000,000 USD 2,362,990 2,482,500 0.26 26,162,858 26,852,900 2.81

Costa Rica Banco Nacional de Costa Rica 6.25% 1/11/2023 ‘REGS’ 3,000,000 USD 2,996,790 3,127,800 0.33 Costa Rica Government International Bond 4.25% 26/1/2023 ‘REGS’ 2,500,000 USD 2,359,972 2,431,250 0.26 Costa Rica Government International Bond 4.375% 30/4/2025 ‘REGS’ 1,000,000 USD 958,855 952,500 0.10 Costa Rica Government International Bond 5.625% 30/4/2043 ‘REGS’ 2,500,000 USD 2,305,860 2,250,000 0.24 Costa Rica Government International Bond 7% 4/4/2044 ‘REGS’ 1,500,000 USD 1,557,678 1,556,250 0.16 Costa Rica Government International Bond 7.158% 12/3/2045 ‘REGS’ 1,500,000 USD 1,585,770 1,571,250 0.16 Instituto Costarricense de Electricidad 6.375% 15/5/2043 ‘REGS’ 500,000 USD 446,416 445,000 0.05 Instituto Costarricense de Electricidad 6.95% 10/11/2021 ‘REGS’ 1,000,000 USD 1,057,635 1,070,000 0.11 13,268,976 13,404,050 1.41

Cote d’Ivoire (Ivory Coast) Ivory Coast Government International Bond 5.375% 23/7/2024 ‘REGS’ 2,336,000 USD 2,189,618 2,286,360 0.24 Ivory Coast Government International Bond 5.75% 31/12/2032 ‘REGS’ 6,343,160 USD 5,973,520 6,097,363 0.64 Ivory Coast Government International Bond 6.125% 15/6/2033 ‘REGS’ 3,500,000 USD 3,456,145 3,381,875 0.35 Ivory Coast Government International Bond 6.375% 3/3/2028 ‘REGS’ 1,000,000 USD 987,783 1,010,000 0.11 12,607,066 12,775,598 1.34

Croatia Croatia Government International Bond 5.5% 4/4/2023 ‘REGS’ 2,500,000 USD 2,518,210 2,732,500 0.29 Croatia Government International Bond 6% 26/1/2024 ‘REGS’ 2,500,000 USD 2,553,128 2,800,000 0.29 Croatia Government International Bond 6.375% 24/3/2021 ‘REGS’ 3,500,000 USD 3,729,854 3,888,500 0.41 Croatia Government International Bond 6.625% 14/7/2020 ‘REGS’ 3,000,000 USD 3,177,894 3,307,500 0.35 Croatia Government International Bond 6.75% 5/11/2019 ‘REGS’ 4,000,000 USD 4,241,656 4,354,000 0.45 16,220,742 17,082,500 1.79

Dominican Republic Dominican Republic International Bond 5.5% 27/1/2025 ‘REGS’ 4,000,000 USD 3,975,941 4,130,000 0.43 Dominican Republic International Bond 5.875% 18/4/2024 ‘REGS’ 1,000,000 USD 1,044,580 1,057,500 0.11 Dominican Republic International Bond 6.6% 28/1/2024 ‘REGS’ 1,000,000 USD 1,078,924 1,097,500 0.11 Dominican Republic International Bond 6.85% 27/1/2045 ‘REGS’ 3,000,000 USD 3,115,487 3,202,500 0.34 Dominican Republic International Bond 6.875% 29/1/2026 ‘REGS’ 250,000 USD 270,927 278,438 0.03 Dominican Republic International Bond 7.45% 30/4/2044 ‘REGS’ 4,000,000 USD 4,308,115 4,560,000 0.48 Dominican Republic International Bond 7.5% 6/5/2021 ‘REGS’ 3,900,000 USD 3,960,867 4,294,875 0.45 Dominican Republic International Bond 8.625% 20/4/2027 ‘REGS’ 3,000,000 USD 3,625,000 3,543,750 0.37 21,379,841 22,164,563 2.32

Ecuador Ecuador Government International Bond 7.95% 20/6/2024 ‘REGS’ 4,500,000 USD 4,294,912 4,196,250 0.44 Ecuador Government International Bond 8.75% 2/6/2023 ‘REGS’ 5,000,000 USD 5,000,000 4,912,500 0.51 Ecuador Government International Bond 9.625% 2/6/2027 ‘REGS’ 750,000 USD 750,000 746,250 0.08 Ecuador Government International Bond 9.65% 13/12/2026 ‘REGS’ 4,000,000 USD 4,228,792 4,010,000 0.42 Ecuador Government International Bond 10.5% 24/3/2020 ‘REGS’ 4,000,000 USD 4,085,469 4,200,000 0.44 Ecuador Government International Bond 10.75% 28/3/2022 ‘REGS’ 2,500,000 USD 2,553,212 2,662,500 0.28 20,912,385 20,727,500 2.17

Egypt Egypt Government International Bond 5.75% 29/4/2020 ‘REGS’ 1,000,000 USD 981,099 1,025,000 0.11 Egypt Government International Bond 5.875% 11/6/2025 ‘REGS’ 3,500,000 USD 3,370,689 3,416,875 0.36

108 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Egypt Government International Bond 6.125% 31/1/2022 ‘REGS’ 3,500,000 USD 3,540,245 3,574,375 0.37 Egypt Government International Bond 6.875% 30/4/2040 ‘REGS’ 1,000,000 USD 908,967 950,000 0.10 Egypt Government International Bond 7.5% 31/1/2027 ‘REGS’ 2,000,000 USD 2,118,357 2,122,500 0.22 Egypt Government International Bond 8.5% 31/1/2047 ‘REGS’ 3,000,000 USD 3,205,581 3,232,500 0.34 14,124,938 14,321,250 1.50

El Salvador El Salvador Government International Bond 5.875% 30/1/2025 ‘REGS’ 1,000,000 USD 1,001,566 897,500 0.09 El Salvador Government International Bond 6.375% 18/1/2027 ‘REGS’ 2,000,000 USD 2,014,730 1,795,000 0.19 El Salvador Government International Bond 7.625% 1/2/2041 ‘REGS’ 1,000,000 USD 1,047,897 925,000 0.10 El Salvador Government International Bond 7.65% 15/6/2035 ‘REGS’ 1,400,000 USD 1,449,514 1,312,500 0.14 El Salvador Government International Bond 7.75% 24/1/2023 ‘REGS’ 1,600,000 USD 1,632,717 1,620,000 0.17 El Salvador Government International Bond 8.25% 10/4/2032 ‘REGS’ 1,000,000 USD 1,065,019 992,500 0.10 El Salvador Government International Bond 8.625% 28/2/2029 ‘REGS’ 1,000,000 USD 1,000,000 1,040,000 0.11 9,211,443 8,582,500 0.90

Ethiopia Ethiopia International Bond 6.625% 11/12/2024 ‘REGS’ 2,500,000 USD 2,347,429 2,478,125 0.26

Gabon Gabon Government International Bond 6.375% 12/12/2024 ‘REGS’ 4,500,000 USD 4,254,039 4,415,625 0.46 Gabon Government International Bond 6.95% 16/6/2025 ‘REGS’ 1,500,000 USD 1,398,841 1,498,125 0.16 5,652,880 5,913,750 0.62

Ghana Ghana Government International Bond 7.875% 7/8/2023 ‘REGS’ 2,804,142 USD 2,714,578 2,863,730 0.31 Ghana Government International Bond 8.125% 18/1/2026 ‘REGS’ 2,000,000 USD 1,943,983 2,042,500 0.21 Ghana Government International Bond 9.25% 15/9/2022 ‘REGS’ 1,000,000 USD 1,000,000 1,076,250 0.11 Ghana Government International Bond 10.75% 14/10/2030 ‘REGS’ 500,000 USD 487,958 619,375 0.06 6,146,519 6,601,855 0.69

Guatemala Guatemala Government Bond 4.5% 3/5/2026 ‘REGS’ 1,000,000 USD 992,981 1,011,250 0.11 Guatemala Government Bond 4.875% 13/2/2028 ‘REGS’ 500,000 USD 522,554 515,000 0.05 Guatemala Government Bond 5.75% 6/6/2022 ‘REGS’ 500,000 USD 543,684 544,375 0.06 2,059,219 2,070,625 0.22

Honduras Honduras Government International Bond 6.25% 19/1/2027 ‘REGS’ 500,000 USD 500,000 517,500 0.05

Hong Kong Bank of East Asia Ltd/The FRN Perpetual ‘EMTN’ 1,600,000 USD 1,575,441 1,605,472 0.16 Bank of East Asia Ltd/The FRN Perpetual 1,000,000 USD 1,000,000 1,003,630 0.11 Chalieco Hong Kong Corp Ltd FRN Perpetual 900,000 USD 900,000 929,376 0.10 Chong Hing Bank Ltd FRN Perpetual 2,000,000 USD 2,038,702 2,087,000 0.21 Yancoal International Resources Development Co Ltd FRN Perpetual 800,000 USD 800,000 812,000 0.09 6,314,143 6,437,478 0.67

Hungary Hungary Government International Bond 4% 25/3/2019 1,000,000 USD 1,022,804 1,032,500 0.11 Hungary Government International Bond 5.375% 21/2/2023 3,000,000 USD 3,145,590 3,345,000 0.35 Hungary Government International Bond 5.375% 25/3/2024 3,500,000 USD 3,632,704 3,946,250 0.41 Hungary Government International Bond 5.75% 22/11/2023 3,000,000 USD 3,147,865 3,435,000 0.36 Hungary Government International Bond 6.25% 29/1/2020 2,000,000 USD 2,071,135 2,187,500 0.23 Hungary Government International Bond 6.375% 29/3/2021 4,400,000 USD 4,464,949 4,955,500 0.53 Hungary Government International Bond 7.625% 29/3/2041 1,600,000 USD 1,673,926 2,392,000 0.25 Magyar Export-Import Bank Zrt 4% 30/1/2020 ‘REGS’ 3,000,000 USD 3,041,205 3,090,000 0.32 MFB Magyar Fejlesztesi Bank Zrt 6.25% 21/10/2020 ‘REGS’ 2,000,000 USD 2,159,292 2,220,000 0.23 24,359,470 26,603,750 2.79

109 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India Export-Import Bank of India 3.125% 20/7/2021 ‘EMTN’ 2,000,000 USD 1,993,893 2,014,988 0.21 Export-Import Bank of India 3.375% 5/8/2026 ‘REGS’ 800,000 USD 799,513 784,882 0.08 Export-Import Bank of India 3.875% 2/10/2019 ‘EMTN’ 400,000 USD 399,312 410,951 0.04 Export-Import Bank of India 4% 14/1/2023 ‘EMTN’ 600,000 USD 596,792 624,549 0.07 India Government Bond 7.28% 3/6/2019 65,000,000 INR 1,035,601 1,021,447 0.11 NTPC Ltd 4.75% 3/10/2022 ‘EMTN’ 1,000,000 USD 1,009,980 1,071,464 0.11 Power Finance Corp Ltd 8.53% 24/7/2020 100,000,000 INR 1,519,058 1,596,959 0.17 Power Grid Corp of India Ltd 8.2% 23/1/2025 50,000,000 INR 729,142 807,264 0.08 8,083,291 8,332,504 0.87

Indonesia Indonesia Government International Bond 3.375% 15/4/2023 ‘REGS’ 1,000,000 USD 933,132 1,006,750 0.11 Indonesia Government International Bond 3.75% 25/4/2022 ‘REGS’ 1,600,000 USD 1,593,655 1,645,888 0.17 Indonesia Government International Bond 4.625% 15/4/2043 ‘REGS’ 1,000,000 USD 903,512 1,018,780 0.11 Indonesia Government International Bond 4.875% 5/5/2021 ‘REGS’ 1,400,000 USD 1,436,172 1,505,378 0.16 Indonesia Government International Bond 5.25% 17/1/2042 ‘REGS’ 2,000,000 USD 2,007,094 2,185,460 0.23 Indonesia Government International Bond 5.875% 13/3/2020 ‘REGS’ 1,200,000 USD 1,259,010 1,312,224 0.14 Indonesia Government International Bond 6.75% 15/1/2044 ‘REGS’ 500,000 USD 560,271 648,875 0.07 Indonesia Government International Bond 7.75% 17/1/2038 ‘REGS’ 1,900,000 USD 2,409,014 2,651,127 0.28 Lembaga Pembiayaan Ekspor Indonesia 3.875% 6/4/2024 ‘EMTN’ 700,000 USD 698,973 710,517 0.07 Pelabuhan Indonesia II PT 4.25% 5/5/2025 ‘REGS’ 1,000,000 USD 992,139 1,019,720 0.11 Pelabuhan Indonesia II PT 5.375% 5/5/2045 ‘REGS’ 2,000,000 USD 1,963,563 2,041,160 0.21 Pertamina Persero PT 4.3% 20/5/2023 ‘REGS’ 500,000 USD 500,000 520,390 0.05 Pertamina Persero PT 4.875% 3/5/2022 ‘REGS’ 800,000 USD 797,730 855,960 0.09 Pertamina Persero PT 5.25% 23/5/2021 ‘REGS’ 500,000 USD 507,204 542,000 0.06 Pertamina Persero PT 5.625% 20/5/2043 ‘REGS’ 700,000 USD 700,000 733,250 0.08 Pertamina Persero PT 6% 3/5/2042 ‘REGS’ 1,300,000 USD 1,312,390 1,419,288 0.15 Pertamina Persero PT 6.45% 30/5/2044 ‘REGS’ 2,000,000 USD 2,042,582 2,298,000 0.24 Pertamina Persero PT 6.5% 27/5/2041 ‘REGS’ 1,500,000 USD 1,615,742 1,726,920 0.18 Perusahaan Gas Negara Persero Tbk 5.125% 16/5/2024 ‘REGS’ 1,000,000 USD 997,462 1,079,710 0.11 Perusahaan Listrik Negara PT 5.25% 24/10/2042 ‘REGS’ 900,000 USD 914,411 910,557 0.10 Perusahaan Listrik Negara PT 5.25% 15/5/2047 ‘REGS’ 1,000,000 USD 985,209 1,011,890 0.11 Perusahaan Listrik Negara PT 5.5% 22/11/2021 ‘REGS’ 200,000 USD 199,170 218,864 0.02 Perusahaan Penerbit SBSN Indonesia II 4% 21/11/2018 ‘REGS’ 1,000,000 USD 1,000,262 1,026,430 0.11 Perusahaan Penerbit SBSN Indonesia III 3.3% 21/11/2022 ‘REGS’ 500,000 USD 500,000 504,120 0.05 Perusahaan Penerbit SBSN Indonesia III 3.4% 29/3/2021 ‘REGS’ 2,000,000 USD 2,000,000 2,028,320 0.21 Perusahaan Penerbit SBSN Indonesia III 4.35% 10/9/2024 ‘REGS’ 1,000,000 USD 1,015,940 1,045,540 0.11 Perusahaan Penerbit SBSN Indonesia III 4.55% 29/3/2026 ‘REGS’ 5,000,000 USD 5,000,001 5,257,250 0.54 34,844,638 36,924,368 3.87

Iraq Iraq International Bond 5.8% 15/1/2028 ‘REGS’ 6,000,000 USD 4,756,584 5,322,000 0.56

Ireland GTLK Europe DAC 5.95% 19/7/2021 2,000,000 USD 2,051,831 2,106,160 0.22 Russian Railways via RZD Capital Plc 5.7% 5/4/2022 ‘REGS’ 500,000 USD 500,000 536,250 0.06 SCF Capital Designated Activity Co 5.375% 16/6/2023 ‘REGS’ 3,000,000 USD 3,079,885 3,105,000 0.32 Vnesheconombank Via VEB Finance Plc 5.45% 22/11/2017 ‘REGS’ 1,800,000 USD 1,802,303 1,820,871 0.19 Vnesheconombank Via VEB Finance Plc 6.902% 9/7/2020 ‘REGS’ 1,100,000 USD 1,129,683 1,197,625 0.13 8,563,702 8,765,906 0.92

Isle of Man Gohl Capital Ltd 4.25% 24/1/2027 2,000,000 USD 1,992,297 2,072,780 0.22

Jamaica Jamaica Government International Bond 6.75% 28/4/2028 500,000 USD 499,800 566,250 0.06 Jamaica Government International Bond 7.875% 28/7/2045 1,000,000 USD 1,149,016 1,177,500 0.12 Jamaica Government International Bond 8% 15/3/2039 1,000,000 USD 1,140,820 1,180,000 0.13 2,789,636 2,923,750 0.31

110 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Jordan Jordan Government International Bond 6.125% 29/1/2026 ‘REGS’ 2,000,000 USD 2,033,036 2,048,000 0.21

Kazakhstan Development Bank of Kazakhstan JSC 4.125% 10/12/2022 ‘REGS’ 4,000,000 USD 3,650,857 4,004,000 0.43 Development Bank of Kazakhstan JSC 5.5% 3/8/2017 ‘IMTN’ 3,000,000 MYR 831,315 698,680 0.07 KazAgro National Management Holding JSC 4.625% 24/5/2023 ‘REGS’ 3,000,000 USD 2,734,251 2,983,500 0.31 Kazakhstan Government International Bond 3.875% 14/10/2024 ‘REGS’ 1,000,000 USD 981,635 1,015,000 0.11 Kazakhstan Government International Bond 4.875% 14/10/2044 ‘REGS’ 1,000,000 USD 949,840 988,500 0.10 Kazakhstan Government International Bond 5.125% 21/7/2025 ‘REGS’ 3,000,000 USD 2,962,424 3,258,750 0.35 Kazakhstan Government International Bond 6.5% 21/7/2045 ‘REGS’ 500,000 USD 495,419 593,250 0.06 Kazakhstan Temir Zholy National Co JSC 6.375% 6/10/2020 ‘REGS’ 2,000,000 USD 1,988,485 2,150,000 0.23 KazMunayGas National Co JSC 3.875% 19/4/2022 ‘REGS’ 1,000,000 USD 996,774 990,500 0.10 KazMunayGas National Co JSC 4.75% 19/4/2027 ‘REGS’ 500,000 USD 495,205 491,500 0.05 KazMunayGas National Co JSC 4.875% 7/5/2025 ‘REGS’ 1,000,000 USD 923,896 1,006,895 0.11 KazMunayGas National Co JSC 5.75% 30/4/2043 ‘REGS’ 2,000,000 USD 1,896,037 1,940,000 0.20 KazMunayGas National Co JSC 5.75% 19/4/2047 ‘REGS’ 1,500,000 USD 1,473,892 1,420,500 0.15 KazMunayGas National Co JSC 6% 7/11/2044 ‘REGS’ 2,000,000 USD 1,773,477 1,840,000 0.19 KazMunayGas National Co JSC 6.375% 9/4/2021 ‘REGS’ 2,500,000 USD 2,638,099 2,715,000 0.27 KazMunayGas National Co JSC 7% 5/5/2020 ‘REGS’ 1,800,000 USD 1,856,324 1,958,400 0.21 KazMunayGas National Co JSC 9.125% 2/7/2018 ‘REGS’ 1,000,000 USD 1,031,306 1,058,500 0.11 27,679,236 29,112,975 3.05

Kenya Kenya Government International Bond 5.875% 24/6/2019 ‘REGS’ 1,500,000 USD 1,472,979 1,539,375 0.16 Kenya Government International Bond 6.875% 24/6/2024 ‘REGS’ 4,500,000 USD 4,456,882 4,606,875 0.48 5,929,861 6,146,250 0.64

Latvia Latvia Government International Bond 2.75% 12/1/2020 ‘REGS’ 1,000,000 USD 987,404 1,011,250 0.11

Lebanon Lebanon Government International Bond 5% 12/10/2017 ‘GMTN’ 2,000,000 USD 1,998,537 1,998,000 0.21 Lebanon Government International Bond 5.45% 28/11/2019 ‘GMTN’ 3,000,000 USD 3,000,494 3,007,500 0.31 Lebanon Government International Bond 6% 27/1/2023 ‘REGS’ 4,000,000 USD 3,977,284 3,970,000 0.43 Lebanon Government International Bond 6.1% 4/10/2022 ‘EMTN’ 2,000,000 USD 2,030,954 2,010,000 0.21 Lebanon Government International Bond 6.2% 26/2/2025 ‘GMTN’ 1,000,000 USD 1,000,000 986,250 0.10 Lebanon Government International Bond 6.375% 9/3/2020 ‘GMTN’ 2,000,000 USD 2,051,737 2,037,500 0.21 Lebanon Government International Bond 6.6% 27/11/2026 ‘GMTN’ 1,000,000 USD 1,019,793 1,002,500 0.10 Lebanon Government International Bond 6.65% 22/4/2024 4,000,000 USD 4,016,782 4,048,000 0.43 Lebanon Government International Bond 6.65% 26/2/2030 ‘GMTN’ 1,000,000 USD 1,000,000 986,000 0.10 Lebanon Government International Bond 6.75% 29/11/2027 ‘REGS’ 1,000,000 USD 994,439 1,001,500 0.10 Lebanon Government International Bond 7% 22/4/2031 1,500,000 USD 1,500,000 1,507,500 0.16 Lebanon Government International Bond 7% 23/3/2032 1,000,000 USD 1,000,000 1,003,750 0.11 Lebanon Government International Bond 7.25% 23/3/2037 500,000 USD 500,000 502,500 0.05 24,090,020 24,061,000 2.52

Lithuania Lithuania Government International Bond 6.125% 9/3/2021 ‘REGS’ 2,250,000 USD 2,263,028 2,542,500 0.27 Lithuania Government International Bond 6.625% 1/2/2022 ‘REGS’ 1,000,000 USD 995,883 1,176,250 0.12 Lithuania Government International Bond 7.375% 11/2/2020 ‘REGS’ 2,100,000 USD 2,207,434 2,378,250 0.25 5,466,345 6,097,000 0.64

111 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Malaysia Danga Capital Bhd 3.035% 1/3/2021 ‘EMTN’ 1,000,000 USD 999,347 1,006,121 0.11 Malayan Banking Bhd FRN 29/10/2026 2,000,000 USD 2,000,000 2,041,620 0.21 Petronas Capital Ltd 3.5% 18/3/2025 ‘REGS’ 2,000,000 USD 1,982,498 2,075,138 0.22 Petronas Capital Ltd 4.5% 18/3/2045 ‘REGS’ 500,000 USD 493,340 550,766 0.06 Petronas Capital Ltd 5.25% 12/8/2019 ‘REGS’ 3,800,000 USD 3,938,859 4,041,717 0.42 Petronas Capital Ltd 7.875% 22/5/2022 ‘REGS’ 1,900,000 USD 2,192,121 2,338,188 0.24 SSG Resources Ltd 4.25% 4/10/2022 2,722,000 USD 2,766,184 2,859,467 0.30 14,372,349 14,913,017 1.56

Mexico Banco Nacional de Comercio Exterior SNC/Cayman Islands FRN 11/8/2026 ‘REGS’ 500,000 USD 495,258 500,000 0.05 Mexico City Airport Trust 4.25% 31/10/2026 ‘REGS’ 500,000 USD 495,414 510,625 0.05 Mexico City Airport Trust 5.5% 31/10/2046 ‘REGS’ 1,000,000 USD 986,652 1,012,500 0.11 Mexico Government International Bond 3.5% 21/1/2021 ‘GMTN’ 500,000 USD 506,590 520,250 0.05 Mexico Government International Bond 3.625% 15/3/2022 1,500,000 USD 1,500,127 1,557,750 0.16 Mexico Government International Bond 4% 2/10/2023 3,500,000 USD 3,589,437 3,671,500 0.39 Mexico Government International Bond 4.125% 21/1/2026 3,500,000 USD 3,738,741 3,636,500 0.38 Mexico Government International Bond 4.35% 15/1/2047 1,000,000 USD 997,427 940,000 0.10 Mexico Government International Bond 4.6% 23/1/2046 1,000,000 USD 991,807 975,000 0.10 Mexico Government International Bond 4.75% 8/3/2044 ‘MTN’ 2,004,000 USD 2,168,536 1,998,990 0.21 Mexico Government International Bond 5.125% 15/1/2020 1,200,000 USD 1,236,961 1,294,800 0.14 Mexico Government International Bond 6.05% 11/1/2040 2,000,000 USD 2,246,597 2,355,000 0.25 Mexico Government International Bond 6.75% 27/9/2034 ‘MTNA’ 1,000,000 USD 1,169,779 1,273,500 0.13 Petroleos Mexicanos 3.5% 30/1/2023 2,000,000 USD 1,996,916 1,922,400 0.20 Petroleos Mexicanos 4.5% 23/1/2026 1,000,000 USD 959,637 970,500 0.10 Petroleos Mexicanos 4.625% 21/9/2023 2,000,000 USD 2,000,000 2,017,400 0.21 Petroleos Mexicanos 4.875% 24/1/2022 1,000,000 USD 1,020,168 1,028,380 0.11 Petroleos Mexicanos 4.875% 18/1/2024 1,000,000 USD 1,032,082 1,013,000 0.11 Petroleos Mexicanos 5.375% 13/3/2022 ‘REGS’ 500,000 USD 497,524 527,700 0.06 Petroleos Mexicanos 5.5% 21/1/2021 2,500,000 USD 2,544,488 2,631,250 0.27 Petroleos Mexicanos 5.5% 27/6/2044 2,020,000 USD 1,907,117 1,777,600 0.19 Petroleos Mexicanos 5.625% 23/1/2046 1,700,000 USD 1,656,334 1,500,250 0.16 Petroleos Mexicanos 6.375% 23/1/2045 1,500,000 USD 1,644,162 1,464,375 0.15 Petroleos Mexicanos 6.5% 13/3/2027 ‘REGS’ 250,000 USD 247,858 267,875 0.03 Petroleos Mexicanos 6.5% 2/6/2041 3,000,000 USD 3,328,242 2,968,350 0.30 Petroleos Mexicanos 6.625% 15/6/2035 3,500,000 USD 3,850,681 3,605,000 0.38 Petroleos Mexicanos 6.75% 21/9/2047 1,637,000 USD 1,604,265 1,657,904 0.17 44,412,800 43,598,399 4.56

Mongolia Mongolia Government International Bond 4.125% 5/1/2018 ‘REGS’ 400,000 USD 399,389 398,144 0.04 Mongolia Government International Bond 5.125% 5/12/2022 ‘REGS’ 2,500,000 USD 2,248,188 2,355,500 0.25 Mongolia Government International Bond 8.75% 9/3/2024 ‘REGS’ 2,500,000 USD 2,498,477 2,746,875 0.29 Mongolia Government International Bond 10.875% 6/4/2021 ‘REGS’ 500,000 USD 525,710 572,374 0.06 Trade & Development Bank of Mongolia LLC 9.375% 19/5/2020 ‘REGS’ 1,000,000 USD 1,021,325 1,065,000 0.11 6,693,089 7,137,893 0.75

Morocco Morocco Government International Bond 4.25% 11/12/2022 ‘REGS’ 1,700,000 USD 1,639,889 1,776,500 0.19 Morocco Government International Bond 5.5% 11/12/2042 ‘REGS’ 1,700,000 USD 1,567,049 1,887,000 0.19 3,206,938 3,663,500 0.38

Namibia Namibia International Bonds 5.25% 29/10/2025 ‘REGS’ 2,000,000 USD 1,987,959 2,062,500 0.21 Namibia International Bonds 5.5% 3/11/2021 ‘REGS’ 500,000 USD 533,566 538,750 0.06 2,521,525 2,601,250 0.27

Netherlands Bharti Airtel International Netherlands BV 5.125% 11/3/2023 ‘REGS’ 500,000 USD 501,787 526,572 0.06 Jain International Trading BV 7.125% 1/2/2022 1,700,000 USD 1,683,962 1,693,540 0.18

112 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Kazakhstan Temir Zholy Finance BV 6.95% 10/7/2042 ‘REGS’ 2,500,000 USD 2,803,447 2,656,250 0.27 Majapahit Holding BV 7.75% 20/1/2020 ‘REGS’ 800,000 USD 838,224 896,176 0.09 Majapahit Holding BV 7.875% 29/6/2037 ‘REGS’ 1,674,000 USD 1,999,167 2,198,129 0.23 Republic of Angola Via Northern Lights III BV 7% 17/8/2019 ‘REGS’ 1,687,500 USD 1,680,916 1,736,016 0.18 Royal Capital BV FRN Perpetual 600,000 USD 557,534 599,094 0.06 10,065,037 10,305,777 1.07

Nigeria Nigeria Government International Bond 5.125% 12/7/2018 ‘REGS’ 1,000,000 USD 1,004,383 1,015,000 0.11 Nigeria Government International Bond 6.375% 12/7/2023 ‘REGS’ 1,000,000 USD 1,012,810 1,030,000 0.11 Nigeria Government International Bond 6.75% 28/1/2021 ‘REGS’ 1,000,000 USD 1,026,550 1,062,500 0.11 Nigeria Government International Bond 7.875% 16/2/2032 ‘REGS’ 3,000,000 USD 3,024,424 3,251,250 0.34 6,068,167 6,358,750 0.67

Oman Oman Government International Bond 3.625% 15/6/2021 ‘REGS’ 2,500,000 USD 2,514,769 2,484,375 0.26 Oman Government International Bond 3.875% 8/3/2022 ‘REGS’ 2,500,000 USD 2,488,032 2,493,750 0.26 Oman Government International Bond 4.75% 15/6/2026 ‘REGS’ 4,500,000 USD 4,531,416 4,432,500 0.47 Oman Government International Bond 5.375% 8/3/2027 ‘REGS’ 2,500,000 USD 2,490,761 2,550,000 0.27 Oman Government International Bond 6.5% 8/3/2047 ‘REGS’ 500,000 USD 530,263 511,250 0.05 Oman Sovereign Sukuk SAOC 4.397% 1/6/2024 ‘REGS’ 1,000,000 USD 1,000,000 989,110 0.10 13,555,241 13,460,985 1.41

Pakistan Pakistan Government International Bond 7.25% 15/4/2019 ‘REGS’ 600,000 USD 600,000 631,746 0.07 Pakistan Government International Bond 7.875% 31/3/2036 ‘REGS’ 102,000 USD 99,032 105,953 0.01 Pakistan Government International Bond 8.25% 15/4/2024 ‘REGS’ 1,200,000 USD 1,249,913 1,362,876 0.14 Second Pakistan International Sukuk Co Ltd/The 6.75% 3/12/2019 ‘REGS’ 1,520,000 USD 1,530,802 1,603,600 0.17 Third Pakistan International Sukuk Co Ltd/The 5.5% 13/10/2021 ‘REGS’ 2,100,000 USD 2,100,000 2,186,625 0.23 5,579,747 5,890,800 0.62

Panama Aeropuerto Internacional de Tocumen SA 5.625% 18/5/2036 ‘REGS’ 2,100,000 USD 2,199,750 2,202,375 0.23 Panama Government International Bond 3.875% 17/3/2028 5,125,000 USD 5,147,542 5,265,938 0.54 Panama Government International Bond 4.3% 29/4/2053 1,250,000 USD 1,082,528 1,225,000 0.13 Panama Government International Bond 4.5% 15/5/2047 1,590,000 USD 1,586,168 1,609,875 0.17 Panama Government International Bond 6.7% 26/1/2036 4,000,000 USD 5,256,000 5,150,000 0.54 Panama Government International Bond 8.875% 30/9/2027 3,000,000 USD 4,030,218 4,275,000 0.45 Panama Government International Bond 9.375% 1/4/2029 3,100,000 USD 4,275,734 4,567,850 0.48 23,577,940 24,296,038 2.54

Paraguay Paraguay Government International Bond 4.625% 25/1/2023 ‘REGS’ 3,500,000 USD 3,527,193 3,657,500 0.38 Paraguay Government International Bond 4.7% 27/3/2027 ‘REGS’ 500,000 USD 500,000 515,000 0.05 Paraguay Government International Bond 5% 15/4/2026 ‘REGS’ 1,000,000 USD 999,974 1,057,500 0.11 Paraguay Government International Bond 6.1% 11/8/2044 ‘REGS’ 3,500,000 USD 3,837,624 3,876,250 0.41 8,864,791 9,106,250 0.95

Peru Corp Financiera de Desarrollo SA FRN 15/7/2029 ‘REGS’ 1,000,000 USD 1,032,805 1,044,650 0.11 Corp Financiera de Desarrollo SA 4.75% 8/2/2022 ‘REGS’ 2,000,000 USD 2,093,234 2,140,000 0.22 Fondo MIVIVIENDA SA 3.5% 31/1/2023 ‘REGS’ 2,500,000 USD 2,483,095 2,526,875 0.26 Peruvian Government International Bond 5.625% 18/11/2050 2,200,000 USD 2,397,641 2,667,500 0.28 Peruvian Government International Bond 6.55% 14/3/2037 2,500,000 USD 3,154,289 3,281,250 0.34 Peruvian Government International Bond 7.35% 21/7/2025 3,900,000 USD 4,509,360 5,099,250 0.53 Peruvian Government International Bond 8.75% 21/11/2033 3,500,000 USD 4,817,518 5,363,750 0.57 Petroleos del Peru SA 4.75% 19/6/2032 ‘REGS’ 5,000,000 USD 5,000,000 4,967,100 0.53 Petroleos del Peru SA 5.625% 19/6/2047 ‘REGS’ 2,000,000 USD 2,000,000 2,017,362 0.21 27,487,942 29,107,737 3.05

113 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Philippines First Gen Corp 6.5% 9/10/2023 800,000 USD 837,898 858,400 0.09 Petron Corp FRN Perpetual ‘REGS’ 2,000,000 USD 2,051,122 2,092,500 0.22 Philippine Government International Bond 3.7% 1/3/2041 500,000 USD 500,000 510,915 0.05 Philippine Government International Bond 3.7% 2/2/2042 1,100,000 USD 1,100,000 1,122,693 0.12 Philippine Government International Bond 4.2% 21/1/2024 1,200,000 USD 1,218,959 1,316,580 0.14 Philippine Government International Bond 5% 13/1/2037 1,200,000 USD 1,200,000 1,433,724 0.15 Philippine Government International Bond 6.375% 15/1/2032 1,000,000 USD 1,303,323 1,314,550 0.14 Philippine Government International Bond 6.375% 23/10/2034 2,100,000 USD 2,403,396 2,836,344 0.30 Philippine Government International Bond 7.75% 14/1/2031 1,000,000 USD 1,311,532 1,449,430 0.15 Philippine Government International Bond 9.5% 2/2/2030 3,100,000 USD 4,173,702 4,989,419 0.51 Philippine Government International Bond 9.875% 15/1/2019 1,000,000 USD 1,082,911 1,125,550 0.12 Philippine Government International Bond 10.625% 16/3/2025 2,700,000 USD 3,621,522 4,172,364 0.44 Power Sector Assets & Liabilities Management Corp 7.25% 27/5/2019 ‘REGS’ 900,000 USD 946,371 986,625 0.10 Power Sector Assets & Liabilities Management Corp 7.39% 2/12/2024 ‘REGS’ 2,000,000 USD 2,375,247 2,575,000 0.27 SMC Global Power Holdings Corp FRN Perpetual ‘REGS’ 3,000,000 USD 2,977,381 3,183,750 0.34 SMC Global Power Holdings Corp FRN Perpetual 1,000,000 USD 959,248 1,070,700 0.11 28,062,612 31,038,544 3.25

Poland Republic of Poland Government International Bond 3% 17/3/2023 4,000,000 USD 3,900,619 4,080,000 0.43 Republic of Poland Government International Bond 3.25% 6/4/2026 1,500,000 USD 1,490,136 1,528,125 0.16 Republic of Poland Government International Bond 4% 22/1/2024 2,000,000 USD 2,009,984 2,145,000 0.22 Republic of Poland Government International Bond 5% 23/3/2022 5,000,000 USD 5,269,209 5,562,500 0.58 Republic of Poland Government International Bond 5.125% 21/4/2021 1,000,000 USD 1,079,631 1,103,750 0.12 13,749,579 14,419,375 1.51

Romania Romanian Government International Bond 4.375% 22/8/2023 ‘REGS’ 3,500,000 USD 3,569,065 3,718,750 0.39 Romanian Government International Bond 4.875% 22/1/2024 ‘REGS’ 1,000,000 USD 1,022,441 1,091,250 0.11 Romanian Government International Bond 6.125% 22/1/2044 ‘REGS’ 2,200,000 USD 2,557,733 2,807,750 0.29 Romanian Government International Bond 6.75% 7/2/2022 ‘REGS’ 4,500,000 USD 4,777,471 5,231,250 0.56 11,926,710 12,849,000 1.35

Russia Russian Foreign Bond - Eurobond 3.5% 16/1/2019 ‘REGS’ 1,000,000 USD 1,007,353 1,017,500 0.11 Russian Foreign Bond - Eurobond 4.5% 4/4/2022 ‘REGS’ 1,000,000 USD 1,010,895 1,055,500 0.11 Russian Foreign Bond - Eurobond 4.875% 16/9/2023 ‘REGS’ 5,000,000 USD 4,984,461 5,367,500 0.56 Russian Foreign Bond - Eurobond 5% 29/4/2020 ‘REGS’ 1,700,000 USD 1,719,582 1,802,000 0.19 Russian Foreign Bond - Eurobond 5.625% 4/4/2042 ‘REGS’ 2,600,000 USD 2,838,932 2,811,900 0.29 Russian Foreign Bond - Eurobond 5.875% 16/9/2043 ‘REGS’ 1,000,000 USD 993,323 1,120,000 0.12 Russian Foreign Bond - Eurobond 7.5% 31/3/2030 ‘REGS’ 2,525,000 USD 2,852,605 3,030,000 0.32 Russian Foreign Bond - Eurobond 11% 24/7/2018 ‘REGS’ 2,500,000 USD 2,654,314 2,731,250 0.29 Russian Foreign Bond - Eurobond 12.75% 24/6/2028 ‘REGS’ 1,000,000 USD 1,509,236 1,745,000 0.18 19,570,701 20,680,650 2.17

Senegal Senegal Government International Bond 6.25% 30/7/2024 ‘REGS’ 1,000,000 USD 986,796 1,053,750 0.11 Senegal Government International Bond 6.25% 23/5/2033 ‘REGS’ 1,000,000 USD 1,000,000 1,015,000 0.11 1,986,796 2,068,750 0.22

Serbia Serbia International Bond 4.875% 25/2/2020 ‘REGS’ 4,000,000 USD 3,985,659 4,172,000 0.44 Serbia International Bond 5.875% 3/12/2018 ‘REGS’ 2,000,000 USD 2,053,729 2,092,000 0.22 Serbia International Bond 6.75% 1/11/2024 ‘REGS’ 340,622 USD 343,690 347,238 0.04 Serbia International Bond 7.25% 28/9/2021 ‘REGS’ 3,000,000 USD 3,168,896 3,468,000 0.36 9,551,974 10,079,238 1.06

114 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Singapore APL Realty Holdings Pte Ltd 5.95% 2/6/2024 1,700,000 USD 1,700,000 1,647,215 0.17 Lippo Malls Indonesia Retail Trust FRN Perpetual ‘MTN’ 1,000,000 SGD 734,620 753,849 0.08 Modernland Overseas Pte Ltd 6.95% 13/4/2024 3,900,000 USD 3,900,000 3,895,125 0.40 Pakuwon Prima Pte Ltd 5% 14/2/2024 2,000,000 USD 2,000,000 1,985,960 0.21 Pratama Agung Pte Ltd 6.25% 24/2/2020 1,000,000 USD 1,000,000 1,045,000 0.11 StarHub Ltd FRN Perpetual ‘MTN’ 1,250,000 SGD 905,674 915,585 0.10 10,240,294 10,242,734 1.07

Slovakia Slovakia Government International Bond 4.375% 21/5/2022 ‘REGS’ 2,500,000 USD 2,577,748 2,734,375 0.29

South Africa Eskom Holdings SOC Ltd 5.75% 26/1/2021 ‘REGS’ 3,000,000 USD 3,000,870 3,031,875 0.32 Eskom Holdings SOC Ltd 6.75% 6/8/2023 ‘REGS’ 1,500,000 USD 1,493,021 1,539,000 0.16 Eskom Holdings SOC Ltd 7.125% 11/2/2025 ‘REGS’ 2,000,000 USD 2,028,094 2,045,000 0.21 Republic of South Africa Government International Bond 4.665% 17/1/2024 1,000,000 USD 1,006,284 1,015,000 0.11 Republic of South Africa Government International Bond 4.875% 14/4/2026 1,000,000 USD 987,978 1,005,000 0.11 Republic of South Africa Government International Bond 5.375% 24/7/2044 1,000,000 USD 988,574 979,500 0.10 Republic of South Africa Government International Bond 5.5% 9/3/2020 2,000,000 USD 2,076,817 2,120,000 0.22 Republic of South Africa Government International Bond 5.875% 30/5/2022 800,000 USD 867,381 875,000 0.09 Republic of South Africa Government International Bond 5.875% 16/9/2025 3,500,000 USD 3,705,551 3,780,000 0.39 Republic of South Africa Government International Bond 6.25% 8/3/2041 800,000 USD 931,746 872,000 0.09 Republic of South Africa Government International Bond 6.875% 27/5/2019 1,500,000 USD 1,574,973 1,621,875 0.17 Transnet SOC Ltd 4% 26/7/2022 ‘REGS’ 2,500,000 USD 2,443,579 2,434,875 0.26 21,104,868 21,319,125 2.23

South Korea Woori Bank FRN Perpetual ‘REGS’ 1,200,000 USD 1,200,000 1,222,800 0.13

Sri Lanka Bank of Ceylon 5.325% 16/4/2018 1,300,000 USD 1,300,000 1,314,248 0.14 National Savings Bank 5.15% 10/9/2019 ‘REGS’ 540,000 USD 532,048 550,773 0.06 National Savings Bank 8.875% 18/9/2018 ‘REGS’ 1,500,000 USD 1,532,257 1,588,995 0.16 Sri Lanka Government International Bond 5.125% 11/4/2019 ‘REGS’ 1,000,000 USD 985,819 1,023,220 0.11 Sri Lanka Government International Bond 5.875% 25/7/2022 ‘REGS’ 2,500,000 USD 2,505,844 2,592,450 0.27 Sri Lanka Government International Bond 6.2% 11/5/2027 ‘REGS’ 1,400,000 USD 1,400,000 1,405,600 0.15 Sri Lanka Government International Bond 6.25% 4/10/2020 ‘REGS’ 1,200,000 USD 1,209,675 1,271,928 0.13 Sri Lanka Government International Bond 6.25% 27/7/2021 ‘REGS’ 2,500,000 USD 2,484,115 2,655,275 0.28 Sri Lanka Government International Bond 6.825% 18/7/2026 ‘REGS’ 1,100,000 USD 1,100,000 1,163,250 0.12 Sri Lanka Government International Bond 6.85% 3/11/2025 ‘REGS’ 4,000,000 USD 3,997,893 4,240,000 0.44 17,047,651 17,805,739 1.86

Thailand Krung Thai Bank PCL/Cayman Islands FRN 26/12/2024 ‘EMTN’ 700,000 USD 700,000 728,351 0.08

Trinidad and Tobago Petroleum Co of Trinidad & Tobago Ltd 9.75% 14/8/2019 ‘REGS’ 2,000,000 USD 2,197,166 2,050,000 0.22 Trinidad Generation UnLtd 5.25% 4/11/2027 ‘REGS’ 200,000 USD 196,640 199,650 0.02 2,393,806 2,249,650 0.24

Tunisia Banque Centrale de Tunisie International Bond 5.75% 30/1/2025 ‘REGS’ 2,000,000 USD 1,888,647 1,920,000 0.20

115 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Turkey Export Credit Bank of Turkey 5% 23/9/2021 ‘REGS’ 2,000,000 USD 2,020,446 2,030,000 0.21 Export Credit Bank of Turkey 5.375% 24/10/2023 ‘REGS’ 3,000,000 USD 2,929,914 3,030,000 0.32 Export Credit Bank of Turkey 5.875% 24/4/2019 ‘REGS’ 1,000,000 USD 997,225 1,037,500 0.11 Hazine Mustesarligi Varlik Kiralama AS 4.489% 25/11/2024 ‘REGS’ 1,000,000 USD 991,846 980,000 0.10 Hazine Mustesarligi Varlik Kiralama AS 4.557% 10/10/2018 ‘REGS’ 475,000 USD 475,000 484,548 0.05 Hazine Mustesarligi Varlik Kiralama AS 5.004% 6/4/2023 ‘REGS’ 1,300,000 USD 1,300,000 1,326,000 0.14 TC Ziraat Bankasi AS 4.25% 3/7/2019 ‘REGS’ 1,000,000 USD 998,376 1,006,250 0.11 TC Ziraat Bankasi AS 4.75% 29/4/2021 ‘REGS’ 1,500,000 USD 1,496,565 1,503,750 0.16 TC Ziraat Bankasi AS 5.125% 3/5/2022 ‘REGS’ 3,000,000 USD 2,984,280 3,007,500 0.31 Turkey Government International Bond 3.25% 23/3/2023 2,000,000 USD 1,858,994 1,880,000 0.20 Turkey Government International Bond 4.25% 14/4/2026 1,500,000 USD 1,390,608 1,426,875 0.15 Turkey Government International Bond 4.875% 9/10/2026 3,000,000 USD 2,989,416 2,966,250 0.31 Turkey Government International Bond 4.875% 16/4/2043 2,500,000 USD 2,383,593 2,221,875 0.23 Turkey Government International Bond 5.125% 25/3/2022 1,000,000 USD 995,323 1,038,750 0.11 Turkey Government International Bond 5.75% 22/3/2024 1,000,000 USD 1,082,690 1,058,750 0.11 Turkey Government International Bond 6% 25/3/2027 1,500,000 USD 1,483,612 1,600,500 0.17 Turkey Government International Bond 6% 14/1/2041 3,000,000 USD 3,484,088 3,082,500 0.32 Turkey Government International Bond 6.25% 26/9/2022 1,500,000 USD 1,529,119 1,631,250 0.17 Turkey Government International Bond 6.625% 17/2/2045 2,000,000 USD 2,246,447 2,217,500 0.23 Turkey Government International Bond 6.75% 30/5/2040 1,000,000 USD 1,087,786 1,118,750 0.12 Turkey Government International Bond 6.875% 17/3/2036 1,300,000 USD 1,414,754 1,465,100 0.15 Turkey Government International Bond 7% 5/6/2020 2,100,000 USD 2,219,784 2,296,875 0.24 Turkey Government International Bond 7.25% 5/3/2038 1,000,000 USD 1,302,485 1,177,500 0.12 Turkey Government International Bond 7.375% 5/2/2025 1,300,000 USD 1,451,777 1,509,625 0.16 Turkey Government International Bond 8% 14/2/2034 1,000,000 USD 1,361,580 1,242,500 0.13 Turkiye Garanti Bankasi AS FRN 24/5/2027 ‘REGS’ 1,900,000 USD 1,900,000 1,886,187 0.20 44,375,708 44,226,335 4.63

Ukraine Ukraine Government International Bond FRN 31/5/2040 3,020,000 USD 1,448,440 1,177,800 0.12 Ukraine Government International Bond 7.75% 1/9/2019 ‘REGS’ 1,747,000 USD 1,674,300 1,803,778 0.19 Ukraine Government International Bond 7.75% 1/9/2020 ‘REGS’ 2,301,000 USD 2,122,184 2,357,375 0.25 Ukraine Government International Bond 7.75% 1/9/2021 ‘REGS’ 2,916,000 USD 2,682,420 2,964,114 0.31 Ukraine Government International Bond 7.75% 1/9/2022 ‘REGS’ 2,416,000 USD 2,209,315 2,428,080 0.25 Ukraine Government International Bond 7.75% 1/9/2023 ‘REGS’ 2,916,000 USD 2,686,546 2,889,756 0.30 Ukraine Government International Bond 7.75% 1/9/2024 ‘REGS’ 3,416,000 USD 3,154,066 3,347,679 0.35 Ukraine Government International Bond 7.75% 1/9/2025 ‘REGS’ 2,416,000 USD 2,150,262 2,358,016 0.25 Ukraine Government International Bond 7.75% 1/9/2026 ‘REGS’ 2,016,000 USD 1,848,383 1,965,600 0.21 Ukraine Government International Bond 7.75% 1/9/2027 ‘REGS’ 2,006,000 USD 1,836,501 1,945,820 0.20 21,812,417 23,238,018 2.43

United Kingdom HSBC Holdings Plc FRN Perpetual 1,500,000 USD 1,460,814 1,578,750 0.17 HSBC Holdings Plc FRN Perpetual 1,000,000 USD 1,028,497 1,057,500 0.11 HSBC Holdings Plc FRN Perpetual 1,100,000 USD 1,100,000 1,135,629 0.12 Oschadbank Via SSB #1 Plc 9.375% 10/3/2023 ‘REGS’ 1,000,000 USD 998,750 1,021,250 0.11 Oschadbank Via SSB #1 Plc 9.625% 20/3/2025 ‘REGS’ 1,000,000 USD 952,000 1,021,250 0.11 Ukreximbank Via Biz Finance Plc 9.625% 27/4/2022 ‘REGS’ 1,700,000 USD 1,700,002 1,751,000 0.17 Ukreximbank Via Biz Finance Plc 9.75% 22/1/2025 ‘REGS’ 1,000,000 USD 936,000 1,021,250 0.11 8,176,063 8,586,629 0.90

Uruguay Uruguay Government International Bond 4.125% 20/11/2045 3,113,065 USD 3,068,042 2,856,237 0.30 Uruguay Government International Bond 4.375% 27/10/2027 250,000 USD 268,238 265,250 0.03 Uruguay Government International Bond 4.5% 14/8/2024 2,000,000 USD 2,034,154 2,173,000 0.23 Uruguay Government International Bond 5.1% 18/6/2050 6,500,000 USD 6,614,647 6,597,500 0.68 Uruguay Government International Bond 7.625% 21/3/2036 1,700,000 USD 2,093,003 2,295,000 0.24 Uruguay Government International Bond 7.875% 15/1/2033 2,300,000 USD 3,101,624 3,133,750 0.33 17,179,708 17,320,737 1.81

116 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Venezuela Petroleos de Venezuela SA 5.5% 12/4/2037 ‘REGS’ 5,500,000 USD 2,242,360 1,959,375 0.21 Petroleos de Venezuela SA 6% 16/5/2024 ‘REGS’ 5,000,000 USD 2,802,873 1,875,000 0.20 Petroleos de Venezuela SA 6% 15/11/2026 ‘REGS’ 7,000,000 USD 2,694,650 2,611,700 0.27 Petroleos de Venezuela SA 8.5% 27/10/2020 ‘REGS’ 2,878,000 USD 1,881,422 2,064,102 0.22 Petroleos de Venezuela SA 9% 17/11/2021 ‘REGS’ 2,000,000 USD 1,820,349 968,000 0.10 Petroleos de Venezuela SA 9.75% 17/5/2035 ‘REGS’ 1,500,000 USD 887,809 691,125 0.07 Venezuela Government International Bond 6% 9/12/2020 ‘REGS’ 2,500,000 USD 1,364,216 1,131,250 0.13 Venezuela Government International Bond 7% 1/12/2018 ‘REGS’ 1,000,000 USD 968,573 645,000 0.07 Venezuela Government International Bond 7% 31/3/2038 ‘REGS’ 1,000,000 USD 406,418 420,000 0.04 Venezuela Government International Bond 7.65% 21/4/2025 ‘REGS’ 2,000,000 USD 1,245,007 855,000 0.09 Venezuela Government International Bond 7.75% 13/10/2019 ‘REGS’ 2,000,000 USD 1,904,552 1,015,000 0.11 Venezuela Government International Bond 8.25% 13/10/2024 ‘REGS’ 2,500,000 USD 1,580,240 1,081,250 0.11 Venezuela Government International Bond 9% 7/5/2023 ‘REGS’ 1,000,000 USD 522,338 445,000 0.05 Venezuela Government International Bond 9.25% 15/9/2027 1,000,000 USD 907,353 497,500 0.05 Venezuela Government International Bond 9.25% 7/5/2028 ‘REGS’ 2,000,000 USD 1,787,727 890,000 0.09 Venezuela Government International Bond 11.75% 21/10/2026 ‘REGS’ 1,000,000 USD 966,469 512,500 0.05 Venezuela Government International Bond 11.95% 5/8/2031 ‘REGS’ 1,000,000 USD 757,500 507,500 0.05 Venezuela Government International Bond 12.75% 23/8/2022 ‘REGS’ 1,100,000 USD 1,024,264 596,750 0.06 25,764,120 18,766,052 1.97

Vietnam Vietnam Government International Bond 4.8% 19/11/2024 ‘REGS’ 1,368,000 USD 1,368,000 1,440,846 0.15 Vietnam Government International Bond 6.75% 29/1/2020 ‘REGS’ 1,200,000 USD 1,220,765 1,309,500 0.14 2,588,765 2,750,346 0.29

Zambia Zambia Government International Bond 5.375% 20/9/2022 ‘REGS’ 2,000,000 USD 1,714,547 1,877,500 0.20 Zambia Government International Bond 8.5% 14/4/2024 ‘REGS’ 2,000,000 USD 2,045,120 2,085,000 0.22 Zambia Government International Bond 8.97% 30/7/2027 ‘REGS’ 2,000,000 USD 1,753,348 2,128,000 0.22 5,513,015 6,090,500 0.64

Total Bonds 909,368,172 928,407,296 97.23

Total Investments 909,368,172 928,407,296 97.23

Other Net Assets 26,410,705 2.77

Total Net Assets 954,818,001 100.00

117 Eastspring Investments – Global Emerging Markets Customized Equity Fund(*) (“Global Emerging Markets Customized Equity Fund”)

EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS CUSTOMIZED EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda Cosan Ltd 3,488,658 USD 28,293,016 22,048,319 1.01 COSCO SHIPPING Ports Ltd 20,129,815 HKD 23,234,716 23,620,747 1.08 Credicorp Ltd 174,204 USD 26,459,846 31,400,270 1.44 Kunlun Energy Co Ltd 20,012,000 HKD 17,056,189 16,970,977 0.78 95,043,767 94,040,313 4.31

Brazil AES Tiete Energia SA 3,113,200 BRL 13,367,582 12,839,348 0.59 BB Seguridade Participacoes SA 1,397,900 BRL 12,712,211 11,973,813 0.55 Embraer SA 2,555,800 BRL 12,391,248 11,660,230 0.53 Estacio Participacoes SA 4,245,900 BRL 22,646,374 18,524,234 0.85 Itausa - Investimentos Itau SA - Pref 6,751,800 BRL 19,470,749 18,298,493 0.84 JBS SA 5,539,900 BRL 18,130,228 10,712,361 0.49 MRV Engenharia e Participacoes SA 6,482,200 BRL 31,769,142 26,106,935 1.20 Petroleo Brasileiro SA - Pref 1,826,200 BRL 7,449,280 6,753,565 0.31 Petroleo Brasileiro SA 1,436,100 BRL 6,229,002 5,671,051 0.26 Vale SA 1,490,000 BRL 12,174,153 13,127,351 0.60 156,339,969 135,667,381 6.22

British Virgin Islands Hollysys Automation Technologies Ltd 1,424,710 USD 22,173,640 23,450,727 1.08

Cayman Islands Alibaba Group Holding Ltd ADR 250,400 USD 32,281,325 35,168,680 1.61 Baidu Inc ADR 258,551 USD 46,093,146 46,236,675 2.13 China Resources Cement Holdings Ltd 46,706,000 HKD 26,031,572 23,214,683 1.06 Kingboard Chemical Holdings Ltd 2,419,500 HKD 8,429,363 9,639,275 0.44 Tencent Holdings Ltd 1,646,800 HKD 53,390,551 58,899,911 2.71 Tingyi Cayman Islands Holding Corp 21,780,000 HKD 27,836,939 25,836,116 1.18 194,062,896 198,995,340 9.13

China Bank of China Ltd ‘H’ 58,521,000 HKD 28,757,796 28,712,359 1.32 China Construction Bank Corp ‘H’ 67,828,000 HKD 53,068,184 52,568,157 2.41 China Life Insurance Co Ltd ‘H’ 2,229,000 HKD 7,013,984 6,810,152 0.31 China Pacific Insurance Group Co Ltd ‘H’ 8,668,800 HKD 31,015,187 35,424,851 1.62 China Petroleum & Chemical Corp ‘H’ 45,150,000 HKD 36,229,843 35,223,573 1.62 China Shenhua Energy Co Ltd ‘H’ 993,000 HKD 2,414,090 2,210,840 0.10 COSCO SHIPPING Energy Transportation Co Ltd ‘H’ 16,794,000 HKD 9,462,459 9,379,917 0.43 Dongfeng Motor Group Co Ltd ‘H’ 24,294,000 HKD 26,067,409 28,724,937 1.32 Industrial & Commercial Bank of China Ltd ‘H’ 67,322,000 HKD 42,920,511 45,449,173 2.08 PetroChina Co Ltd ‘H’ 6,202,000 HKD 4,156,125 3,797,677 0.17 Sinopec Engineering Group Co Ltd ‘H’ 32,514,500 HKD 31,936,709 29,322,980 1.34 273,042,297 277,624,616 12.72

Czech Republic CEZ AS 596,620 CZK 11,337,818 10,421,934 0.48

Greece Alpha Bank AE 7,461,147 EUR 14,058,898 18,667,916 0.86

Hong Kong China Mobile Ltd 1,876,000 HKD 20,314,430 19,910,571 0.91 China Overseas Land & Investment Ltd 10,388,000 HKD 30,861,901 30,407,205 1.40 51,176,331 50,317,776 2.31

118 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS CUSTOMIZED EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India ICICI Bank Ltd 6,226,610 INR 24,026,466 27,950,515 1.28 Infosys Ltd ADR 2,722,132 USD 39,314,546 40,600,599 1.87 Reliance Industries Ltd 651,129 INR 13,642,606 13,901,501 0.64 Rural Electrification Corp Ltd 4,543,984 INR 14,076,297 12,088,003 0.55 91,059,915 94,540,618 4.34

Indonesia Astra International Tbk PT 10,058,400 IDR 6,655,814 6,735,788 0.31 Bank Negara Indonesia Persero Tbk PT 47,073,600 IDR 22,767,223 23,311,630 1.07 29,423,037 30,047,418 1.38

Malaysia AMMB Holdings Bhd 10,069,100 MYR 11,950,990 11,446,821 0.52 Genting Malaysia Bhd 18,473,300 MYR 23,702,793 23,669,092 1.09 35,653,783 35,115,913 1.61

Mexico Alfa SAB de CV 15,018,819 MXN 20,067,056 21,404,852 0.98 Cemex SAB de CV 12,694,800 MXN 11,549,211 11,808,135 0.54 Gentera SAB de CV 6,069,500 MXN 9,879,729 9,270,065 0.43 Grupo Financiero Banorte SAB de CV 2,242,000 MXN 13,395,906 14,304,207 0.66 OHL Mexico SAB de CV 29,772,079 MXN 38,968,443 43,224,334 1.98 93,860,345 100,011,593 4.59

Netherlands Steinhoff International Holdings NV 3,082,402 ZAR 15,781,882 15,746,590 0.72 X5 Retail Group NV GDR 566,409 USD 18,765,130 19,603,415 0.90 34,547,012 35,350,005 1.62

Philippines First Gen Corp 52,842,900 PHP 23,229,245 19,792,533 0.91 LT Group Inc 76,911,100 PHP 24,371,229 22,405,740 1.03 47,600,474 42,198,273 1.94

Poland Orange Polska SA 8,753,191 PLN 11,209,335 12,119,125 0.56

Russia LUKOIL PJSC ADR 475,350 USD 23,033,780 23,102,010 1.06 MMC Norilsk Nickel PJSC ADR 771,965 USD 11,109,272 10,633,818 0.49 Mobile TeleSystems PJSC 4,925,877 USD 23,488,030 19,452,456 0.89 Sberbank of Russia PJSC 17,050,586 USD 46,787,405 41,959,599 1.92 104,418,487 95,147,883 4.36

South Africa Barclays Africa Group Ltd 2,206,620 ZAR 23,752,235 24,028,166 1.10 Imperial Holdings Ltd 1,599,023 ZAR 19,316,810 19,699,001 0.90 MTN Group Ltd 3,129,589 ZAR 28,916,349 27,315,315 1.25 Naspers Ltd 284,802 ZAR 52,894,306 55,227,148 2.54 Remgro Ltd 844,897 ZAR 13,839,006 13,688,466 0.63 138,718,706 139,958,096 6.42

South Korea E-MART Inc 147,737 KRW 30,571,811 30,279,530 1.39 GS Holdings Corp 476,664 KRW 24,428,958 28,412,781 1.30 Hana Financial Group Inc 892,940 KRW 29,157,910 35,314,891 1.62 Hankook Tire Co Ltd 525,615 KRW 26,237,526 29,217,421 1.34 Hyundai Mobis Co Ltd 141,625 KRW 27,146,155 30,945,460 1.42 Hyundai Motor Co 75,256 KRW 9,498,180 10,491,047 0.48

119 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS CUSTOMIZED EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Korea Electric Power Corp 829,762 KRW 32,295,174 29,589,029 1.36 KT Corp 551,846 KRW 15,628,786 15,723,619 0.72 LG Display Co Ltd 939,965 KRW 24,944,826 30,479,133 1.40 POSCO 142,017 KRW 32,756,351 35,623,718 1.62 Samsung Electronics Co Ltd 42,398 KRW 74,255,955 88,082,892 4.03 Samsung Fire & Marine Insurance Co Ltd 84,155 KRW 21,286,512 20,705,005 0.95 SK Hynix Inc 172,233 KRW 8,439,038 10,145,963 0.47 356,647,182 395,010,489 18.10

Taiwan Asustek Computer Inc 2,623,000 TWD 24,738,432 24,790,041 1.14 CTBC Financial Holding Co Ltd 46,624,852 TWD 27,987,200 30,577,465 1.40 CTCI Corp 13,501,000 TWD 22,884,364 22,989,885 1.05 Fubon Financial Holding Co Ltd 17,374,000 TWD 26,381,985 27,671,628 1.27 Hon Hai Precision Industry Co Ltd 5,108,525 TWD 17,083,899 19,648,188 0.90 Taiwan Semiconductor Manufacturing Co Ltd 15,039,000 TWD 90,796,124 103,078,034 4.73 Tripod Technology Corp 7,793,000 TWD 20,487,915 24,823,874 1.14 230,359,919 253,579,115 11.63

Thailand Bangkok Bank PCL (Foreign Market) 5,159,900 THB 28,476,485 29,923,488 1.37 PTT PCL (Foreign Market) 391,700 THB 4,382,039 4,266,385 0.20 32,858,524 34,189,873 1.57

Turkey Emlak Konut Gayrimenkul Yatirim Ortakligi AS (REIT) 27,662,042 TRY 21,484,724 23,184,322 1.06 Haci Omer Sabanci Holding AS 3,933,770 TRY 12,121,813 12,238,022 0.56 Turk Hava Yollari AO 4,524,062 TRY 8,976,636 10,205,568 0.47 42,583,173 45,627,912 2.09

United Arab Emirates Abu Dhabi Commercial Bank PJSC 7,335,820 AED 14,489,339 14,000,671 0.64

Total Shares 2,080,664,847 2,136,082,987 97.96

Total Investments 2,080,664,847 2,136,082,987 97.96

Other Net Assets 44,588,944 2.04

Total Net Assets 2,180,671,931 100.00

120 Eastspring Investments – Global Emerging Markets Dynamic Fund (“Global Emerging Markets Dynamic Fund”)

EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS DYNAMIC FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda Cosan Ltd ‘A’ 1,142,542 USD 8,853,231 7,220,865 1.57 Credicorp Ltd 45,996 USD 7,357,960 8,290,779 1.79 16,211,191 15,511,644 3.36

Brazil Estacio Participacoes SA 1,638,300 BRL 8,282,371 7,147,661 1.55 JBS SA 2,313,900 BRL 8,042,778 4,474,329 0.97 MRV Engenharia e Participacoes SA 2,288,700 BRL 10,412,294 9,217,694 2.00 26,737,443 20,839,684 4.52

British Virgin Islands Hollysys Automation Technologies Ltd 409,490 USD 8,191,688 6,740,205 1.46

Cayman Islands Baidu Inc ADR 91,549 USD 16,293,505 16,371,708 3.55 China Resources Cement Holdings Ltd 18,620,000 HKD 7,993,876 9,254,858 2.01 Tingyi Cayman Islands Holding Corp 7,276,000 HKD 7,932,222 8,631,018 1.87 32,219,603 34,257,584 7.43

China China Construction Bank Corp ‘H’ 20,688,000 HKD 15,971,386 16,033,644 3.48 China Pacific Insurance Group Co Ltd ‘H’ 2,682,800 HKD 9,896,925 10,963,200 2.38 China Petroleum & Chemical Corp ‘H’ 14,742,600 HKD 11,168,173 11,501,374 2.49 Dongfeng Motor Group Co Ltd ‘H’ 8,002,000 HKD 9,263,148 9,461,470 2.05 Industrial & Commercial Bank of China Ltd ‘H’ 21,796,000 HKD 14,289,679 14,714,509 3.19 Sinopec Engineering Group Co Ltd ‘H’ 9,357,000 HKD 8,154,929 8,438,547 1.83 68,744,240 71,112,744 15.42

Greece Alpha Bank AE 2,621,190 EUR 4,972,464 6,558,262 1.42

Hong Kong China Overseas Land & Investment Ltd 2,200,000 HKD 7,181,361 6,439,724 1.40

India ICICI Bank Ltd 1,567,034 INR 5,579,134 7,034,230 1.53 Infosys Ltd ADR 890,868 USD 13,620,684 13,287,296 2.87 Rural Electrification Corp Ltd 1,535,179 INR 3,051,923 4,083,916 0.89 22,251,741 24,405,442 5.29

Indonesia Bank Negara Indonesia Persero Tbk PT 19,183,900 IDR 9,585,608 9,500,186 2.06

Malaysia Genting Malaysia Bhd 4,190,900 MYR 4,786,131 5,369,631 1.16

Mexico Alfa SAB de CV 5,346,981 MXN 7,901,395 7,620,528 1.65 OHL Mexico SAB de CV 8,283,670 MXN 10,374,177 12,026,575 2.61 18,275,572 19,647,103 4.26

Netherlands X5 Retail Group NV GDR 164,515 USD 4,333,237 5,693,864 1.23

121 EASTSPRING INVESTMENTS

GLOBAL EMERGING MARKETS DYNAMIC FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Philippines First Gen Corp 12,677,700 PHP 6,131,411 4,748,487 1.03 LT Group Inc 27,651,600 PHP 8,757,161 8,055,463 1.75 14,888,572 12,803,950 2.78

Russia Mobile TeleSystems PJSC 1,583,553 USD 6,159,202 6,253,505 1.36 Sberbank of Russia PJSC 4,306,842 USD 10,259,798 10,598,660 2.29 16,419,000 16,852,165 3.65

South Africa Barclays Africa Group Ltd 786,953 ZAR 8,601,791 8,569,231 1.86 Imperial Holdings Ltd 434,409 ZAR 4,998,353 5,351,657 1.16 MTN Group Ltd 848,723 ZAR 8,820,081 7,407,725 1.61 Naspers Ltd 74,272 ZAR 12,285,481 14,402,396 3.12 34,705,706 35,731,009 7.75

South Korea E-MART Inc 50,060 KRW 8,219,568 10,260,079 2.22 GS Holdings Corp 162,143 KRW 7,586,997 9,664,950 2.10 Hana Financial Group Inc 279,621 KRW 8,296,655 11,058,733 2.41 Hankook Tire Co Ltd 141,176 KRW 7,448,433 7,847,566 1.70 Hyundai Mobis Co Ltd 39,732 KRW 8,947,428 8,681,554 1.88 Korea Electric Power Corp 201,072 KRW 9,135,482 7,170,159 1.55 KT Corp 113,861 KRW 3,372,289 3,244,215 0.70 LG Display Co Ltd 389,684 KRW 9,991,352 12,635,821 2.75 POSCO 37,724 KRW 8,520,749 9,462,734 2.05 71,518,953 80,025,811 17.36

Taiwan Asustek Computer Inc 860,000 TWD 7,964,490 8,127,882 1.76 CTBC Financial Holding Co Ltd 14,040,242 TWD 7,831,993 9,207,858 2.00 CTCI Corp 3,597,000 TWD 5,361,874 6,125,074 1.33 Fubon Financial Holding Co Ltd 5,263,000 TWD 7,757,031 8,382,398 1.82 Taiwan Semiconductor Manufacturing Co Ltd 3,821,000 TWD 22,430,215 26,189,318 5.67 Tripod Technology Corp 2,677,000 TWD 6,228,384 8,527,334 1.85 57,573,987 66,559,864 14.43

Thailand Bangkok Bank PCL (Foreign Market) 1,411,200 THB 7,365,985 8,183,885 1.77

Turkey Emlak Konut Gayrimenkul Yatirim Ortakligi AS (REIT) 8,430,207 TRY 8,524,463 7,065,590 1.53

Total Shares 434,486,945 453,298,347 98.28

Total Investments 434,486,945 453,298,347 98.28

Other Net Assets 7,936,117 1.72

Total Net Assets 461,234,464 100.00

122 Eastspring Investments – Global Equity Navigator Fund(*) (“Global Equity Navigator Fund”)

EASTSPRING INVESTMENTS

GLOBAL EQUITY NAVIGATOR FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland iShares Core FTSE 100 UCITS ETF GBP Dist - ETF 602,379 GBP 5,612,936 5,679,572 5.76 iShares Core MSCI EM IMI UCITS ETF USD Acc - ETF 152,360 USD 3,948,228 3,965,916 4.02 iShares Core MSCI Japan IMI UCITS ETF USD Acc - ETF 95,239 USD 3,617,128 3,666,702 3.72 iShares Core S&P 500 UCITS ETF USD Acc - ETF 66,744 USD 15,508,245 15,461,248 15.69 iShares MSCI AC Far East ex-Japan UCITS ETF USD Dist - ETF 230,332 GBP 10,114,010 11,932,851 12.11 iShares MSCI Eastern Europe Capped UCITS ETF USD Dist - ETF 72,263 GBP 1,374,955 1,512,493 1.53 iShares MSCI EM Latin America UCITS ETF USD Dist - ETF 81,730 USD 1,272,368 1,341,598 1.36 iShares MSCI Europe UCITS ETF EUR Dist - ETF 625,133 USD 17,256,146 17,097,388 17.35 SPDR S&P 500 UCITS ETF - ETF 73,164 USD 16,810,398 17,751,780 18.02 Vanguard S&P 500 UCITS ETF - ETF 384,660 USD 17,830,323 17,721,286 17.98 93,344,737 96,130,834 97.54

Luxembourg db x-trackers ATX UCITS ETF DR - ETF 35,001 EUR 1,801,536 1,969,395 2.00

Total Mutual Funds 95,146,273 98,100,229 99.54

Total Investments 95,146,273 98,100,229 99.54

Other Net Assets 452,485 0.46

Total Net Assets 98,552,714 100.00

123 Eastspring Investments – Global Low Volatility Equity Fund(*) (“Global Low Volatility Equity Fund”)

EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Austria CA Immobilien Anlagen AG 3,245 EUR 61,348 79,226 0.06

Belgium Cofinimmo SA (REIT) 974 EUR 101,943 120,012 0.09 Colruyt SA 2,591 EUR 140,520 136,922 0.11 Elia System Operator SA/NV 1,350 EUR 65,442 76,600 0.06 Proximus SADP 6,838 EUR 231,236 240,461 0.19 539,141 573,995 0.45

Bermuda Arch Capital Group Ltd 5,900 USD 444,283 552,770 0.42 Axis Capital Holdings Ltd 4,100 USD 225,902 266,131 0.21 China Gas Holdings Ltd 122,000 HKD 179,667 246,306 0.19 CK Infrastructure Holdings Ltd 33,000 HKD 293,862 277,317 0.22 Dairy Farm International Holdings Ltd 8,800 USD 63,712 69,344 0.05 Everest Re Group Ltd 2,100 USD 361,780 534,135 0.41 Genpact Ltd 6,400 USD 172,297 178,176 0.14 Hongkong Land Holdings Ltd 43,000 USD 282,807 316,480 0.25 RenaissanceRe Holdings Ltd 1,800 USD 190,877 252,216 0.20 Validus Holdings Ltd 3,500 USD 175,335 183,190 0.14 White Mountains Insurance Group Ltd 200 USD 148,532 174,000 0.14 2,539,054 3,050,065 2.37

Canada Bank of Montreal 6,200 CAD 343,264 456,415 0.35 BCE Inc 14,500 CAD 628,052 654,304 0.51 CAE Inc 10,300 CAD 145,704 177,044 0.14 Canadian Imperial Bank of Commerce 8,400 CAD 611,827 684,471 0.52 Canadian Tire Corp Ltd 2,900 CAD 263,122 330,675 0.26 Cineplex Inc 3,000 CAD 106,917 122,944 0.10 Emera Inc 10,700 CAD 377,128 398,878 0.31 George Weston Ltd 2,300 CAD 186,267 207,909 0.16 Intact Financial Corp 6,300 CAD 443,234 473,887 0.37 Laurentian Bank of Canada 1,700 CAD 62,686 71,019 0.06 Loblaw Cos Ltd 10,500 CAD 540,338 583,731 0.45 Metro Inc 11,800 CAD 323,127 387,083 0.30 Quebecor Inc 2,000 CAD 63,403 66,024 0.05 RioCan Real Estate Investment Trust (REIT) 7,500 CAD 142,783 139,331 0.11 Saputo Inc 5,600 CAD 122,925 177,306 0.14 TELUS Corp 9,600 CAD 301,963 331,653 0.26 4,662,740 5,262,674 4.09

Cayman Islands AAC Technologies Holdings Inc 13,500 HKD 145,106 168,788 0.13 China Medical System Holdings Ltd 68,000 HKD 94,435 117,598 0.09 Country Garden Holdings Co Ltd 181,000 HKD 67,077 209,839 0.16 Shenzhou International Group Holdings Ltd 29,000 HKD 188,095 190,578 0.15 Sino Biopharmaceutical Ltd 241,000 HKD 179,844 213,022 0.17 WH Group Ltd 356,500 HKD 224,774 359,869 0.28 899,331 1,259,694 0.98

Chile SACI Falabella 40,186 CLP 248,494 325,774 0.25

124 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

China Agricultural Bank of China Ltd ‘H’ 1,384,000 HKD 534,956 654,215 0.51 Bank of Communications Co Ltd ‘H’ 923,000 HKD 685,993 651,496 0.51 China Minsheng Banking Corp Ltd ‘H’ 280,500 HKD 305,889 279,917 0.22 China Pacific Insurance Group Co Ltd ‘H’ 17,200 HKD 64,869 70,287 0.05 China Petroleum & Chemical Corp ‘H’ 1,042,000 HKD 685,675 812,912 0.63 China Telecom Corp Ltd ‘H’ 618,000 HKD 307,852 293,711 0.23 Industrial & Commercial Bank of China Ltd ‘H’ 1,826,000 HKD 1,026,224 1,232,735 0.95 PetroChina Co Ltd ‘H’ 226,000 HKD 161,608 138,387 0.11 Sinopharm Group Co Ltd ‘H’ 49,200 HKD 230,342 222,484 0.17 4,003,408 4,356,144 3.38

Denmark GN Store Nord A/S 4,290 DKK 78,585 126,020 0.10 SimCorp A/S 2,231 DKK 141,714 134,842 0.10 220,299 260,862 0.20

France Atos SE 3,662 EUR 283,945 513,554 0.40 Ipsen SA 1,898 EUR 147,919 258,150 0.20 Orpea 2,258 EUR 177,907 251,753 0.20 Sodexo SA 4,692 EUR 387,322 611,632 0.47 Thales SA 1,633 EUR 159,472 176,491 0.14 1,156,565 1,811,580 1.41

Germany adidas AG 6,312 EUR 506,933 1,218,349 0.94 alstria office REIT-AG (REIT) 5,558 EUR 69,770 75,373 0.06 Beiersdorf AG 2,950 EUR 262,900 310,910 0.24 Freenet AG 6,168 EUR 196,523 197,415 0.15 Henkel AG & Co KGaA - Pref 4,349 EUR 535,580 600,457 0.47 Kabel Deutschland Holding AG 981 EUR 125,487 128,888 0.10 MAN SE 1,308 EUR 136,591 140,604 0.11 Merck KGaA 805 EUR 87,246 97,349 0.08 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1,782 EUR 328,750 362,083 0.28 STADA Arzneimittel AG 2,317 EUR 118,213 164,491 0.13 2,367,993 3,295,919 2.56

Guernsey Amdocs Ltd 7,500 USD 424,337 480,150 0.37

Hong Kong China Mobile Ltd 169,000 HKD 1,911,467 1,793,649 1.39 China Unicom Hong Kong Ltd 254,000 HKD 300,274 377,442 0.29 CLP Holdings Ltd 105,000 HKD 917,001 1,111,035 0.86 CSPC Pharmaceutical Group Ltd 238,000 HKD 261,026 347,568 0.27 Hong Kong & China Gas Co Ltd 117,700 HKD 205,703 221,341 0.17 Hopewell Holdings Ltd 19,000 HKD 66,970 72,410 0.06 Lenovo Group Ltd 278,000 HKD 175,603 175,570 0.14 Link REIT (REIT) 59,500 HKD 326,406 452,753 0.35 MTR Corp Ltd 79,000 HKD 420,256 444,779 0.35 New World Development Co Ltd 248,000 HKD 297,287 314,836 0.24 Power Assets Holdings Ltd 65,000 HKD 625,401 574,124 0.45 Swire Pacific Ltd ‘A’ 24,500 HKD 229,528 239,312 0.19 5,736,922 6,124,819 4.76

Indonesia Bank Central Asia Tbk PT 646,700 IDR 738,881 880,706 0.68 Telekomunikasi Indonesia Persero Tbk PT 716,300 IDR 209,124 242,932 0.19 948,005 1,123,638 0.87

125 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

International HKT Trust & HKT Ltd 147,000 HKD 192,634 192,830 0.15

Israel Bank Hapoalim BM 36,787 ILS 184,236 248,057 0.19 Bank Leumi Le-Israel BM 66,715 ILS 248,335 324,306 0.25 Israel Discount Bank Ltd 57,883 ILS 105,735 152,525 0.12 538,306 724,888 0.56

Italy Ansaldo STS SpA 6,453 EUR 71,181 82,276 0.06

Japan Advance Residence Investment Corp (REIT) 70 JPY 165,561 174,469 0.14 Alfresa Holdings Corp 9,300 JPY 193,859 179,714 0.14 ANA Holdings Inc 44,000 JPY 131,053 153,180 0.12 Aozora Bank Ltd 35,000 JPY 120,405 133,583 0.10 Asahi Group Holdings Ltd 10,500 JPY 383,931 395,880 0.31 Astellas Pharma Inc 101,600 JPY 1,399,354 1,245,312 0.97 Azbil Corp 2,000 JPY 51,358 76,155 0.06 Benesse Holdings Inc 4,400 JPY 117,056 166,363 0.13 Canon Inc 55,600 JPY 1,646,707 1,892,007 1.47 Dai Nippon Printing Co Ltd 12,000 JPY 120,726 133,547 0.10 Daiichi Sankyo Co Ltd 32,500 JPY 795,887 767,145 0.60 Fukuoka REIT Corp (REIT) 30 JPY 61,617 46,255 0.04 GLP J-Reit (REIT) 142 JPY 186,569 153,346 0.12 Hakuhodo DY Holdings Inc 10,400 JPY 127,663 138,277 0.11 Hamamatsu Photonics KK 5,600 JPY 166,519 172,285 0.13 Hirose Electric Co Ltd 1,700 JPY 248,959 242,857 0.19 Hisamitsu Pharmaceutical Co Inc 2,900 JPY 152,614 139,130 0.11 Japan Airlines Co Ltd 3,900 JPY 115,471 120,819 0.09 Japan Prime Realty Investment Corp (REIT) 45 JPY 207,900 156,300 0.12 Japan Retail Fund Investment Corp (REIT) 106 JPY 262,790 196,139 0.15 Japan Tobacco Inc 23,600 JPY 949,193 830,652 0.65 Joyful Honda Co Ltd 2,700 JPY 60,757 82,584 0.06 Kagome Co Ltd 4,200 JPY 76,566 128,090 0.10 Kamigumi Co Ltd 13,000 JPY 121,573 136,561 0.11 Keikyu Corp 30,000 JPY 318,690 361,958 0.28 Kobayashi Pharmaceutical Co Ltd 3,000 JPY 140,365 178,438 0.14 Kuraray Co Ltd 15,200 JPY 227,220 276,240 0.21 Maruichi Steel Tube Ltd 3,700 JPY 121,265 107,727 0.08 McDonald’s Holdings Co Japan Ltd 3,500 JPY 130,805 134,519 0.10 Medipal Holdings Corp 7,700 JPY 129,960 142,684 0.11 Miraca Holdings Inc 2,700 JPY 123,664 121,589 0.09 Mitsubishi Tanabe Pharma Corp 10,400 JPY 191,675 240,756 0.19 Nichirei Corp 5,700 JPY 133,660 160,112 0.12 Nippon Prologis REIT Inc (REIT) 72 JPY 180,234 153,708 0.12 Nisshin Seifun Group Inc 12,200 JPY 183,587 200,722 0.16 Nissin Foods Holdings Co Ltd 3,900 JPY 213,144 244,141 0.19 Nitori Holdings Co Ltd 4,100 JPY 470,454 549,884 0.43 Nomura Research Institute Ltd 4,900 JPY 199,133 193,352 0.15 Oriental Land Co Ltd/Japan 2,200 JPY 124,961 149,256 0.12 Orix JREIT Inc (REIT) 108 JPY 150,544 159,775 0.12 Otsuka Holdings Co Ltd 13,100 JPY 561,833 559,559 0.43 SCSK Corp 2,700 JPY 127,498 121,348 0.09 Ship Healthcare Holdings Inc 2,300 JPY 61,696 71,683 0.06 Taisho Pharmaceutical Holdings Co Ltd 2,500 JPY 215,079 190,610 0.15 Takashimaya Co Ltd 16,000 JPY 134,222 152,524 0.12 Takeda Pharmaceutical Co Ltd 38,900 JPY 1,685,633 1,980,383 1.53 Tobu Railway Co Ltd 56,000 JPY 280,600 306,117 0.24 Toho Co Ltd/Tokyo 5,700 JPY 159,535 175,869 0.14

126 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Tokyu REIT Inc (REIT) 50 JPY 70,814 60,906 0.05 Toppan Printing Co Ltd 28,000 JPY 271,258 307,615 0.24 Toyo Suisan Kaisha Ltd 3,900 JPY 171,839 149,719 0.12 Unicharm Corp 9,300 JPY 213,766 234,034 0.18 United Urban Investment Corp (REIT) 148 JPY 227,779 211,824 0.16 USS Co Ltd 11,800 JPY 187,360 234,969 0.18 Yaskawa Electric Corp 6,800 JPY 125,688 144,380 0.11 15,398,049 16,137,051 12.53

Malaysia DiGi.Com Bhd 91,500 MYR 115,113 106,578 0.08 Kuala Lumpur Kepong Bhd 23,000 MYR 134,534 133,307 0.10 Petronas Dagangan Bhd 12,400 MYR 62,085 69,617 0.05 Public Bank Bhd 76,800 MYR 319,445 363,545 0.29 Telekom Malaysia Bhd 75,800 MYR 116,414 117,426 0.09 Tenaga Nasional Bhd 73,100 MYR 231,959 240,792 0.19 979,550 1,031,265 0.80

New Zealand Ryman Healthcare Ltd 19,989 NZD 93,808 121,389 0.09

Norway Orkla ASA 20,687 NOK 155,749 208,782 0.16

Philippines Aboitiz Equity Ventures Inc 107,010 PHP 129,673 161,491 0.13 BDO Unibank Inc 91,500 PHP 211,079 224,851 0.17 340,752 386,342 0.30

Singapore Keppel REIT (REIT) 81,700 SGD 66,265 67,961 0.05 Mapletree Logistics Trust (REIT) 77,800 SGD 61,810 67,543 0.05 Singapore Airlines Ltd 20,400 SGD 147,691 149,984 0.12 Singapore Press Holdings Ltd 48,300 SGD 118,663 113,340 0.09 Singapore Telecommunications Ltd 237,500 SGD 599,819 671,192 0.53 Suntec Real Estate Investment Trust (REIT) 47,800 SGD 50,000 64,939 0.05 United Overseas Bank Ltd 17,900 SGD 248,289 300,659 0.23 UOL Group Ltd 21,281 SGD 91,179 118,119 0.09 Venture Corp Ltd 9,400 SGD 58,684 82,290 0.06 1,442,400 1,636,027 1.27

South Korea E-MART Inc 1,007 KRW 197,098 206,390 0.16 SK Telecom Co Ltd 1,652 KRW 369,535 384,069 0.30 Woori Bank 15,961 KRW 128,882 257,379 0.20 695,515 847,838 0.66

Switzerland Allreal Holding AG 691 CHF 84,071 125,352 0.10 Baloise Holding AG 2,408 CHF 275,502 375,646 0.29 Barry Callebaut AG 108 CHF 114,609 149,734 0.12 Chubb Ltd 6,560 USD 673,101 955,201 0.73 Coca-Cola HBC AG 5,638 GBP 122,366 166,490 0.13 Dufry AG 1,752 CHF 244,134 290,347 0.23 EMS-Chemie Holding AG 266 CHF 129,133 196,910 0.15 Flughafen Zurich AG 915 CHF 124,164 225,972 0.18 Helvetia Holding AG 222 CHF 122,693 128,129 0.10 Kuehne + Nagel International AG 2,717 CHF 350,201 454,247 0.35 Logitech International SA 7,837 CHF 102,220 288,434 0.22 Nestle SA 1,837 CHF 138,198 161,436 0.13

127 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Novartis AG 1,021 CHF 82,565 85,936 0.07 PSP Swiss Property AG 1,944 CHF 156,121 182,120 0.14 SGS SA 60 CHF 105,497 146,234 0.11 Sika AG 104 CHF 323,104 672,554 0.52 Sonova Holding AG 2,718 CHF 350,888 446,173 0.35 Swiss Prime Site AG 3,355 CHF 223,500 306,590 0.24 Swisscom AG 1,232 CHF 609,570 600,404 0.47 4,331,637 5,957,909 4.63

Taiwan Asustek Computer Inc 27,000 TWD 220,764 255,178 0.20 Chang Hwa Commercial Bank Ltd 280,900 TWD 130,818 161,134 0.13 China Steel Corp 599,000 TWD 355,847 487,351 0.37 Chunghwa Telecom Co Ltd 186,000 TWD 567,834 660,355 0.50 CTBC Financial Holding Co Ltd 335,000 TWD 194,821 219,699 0.17 E.Sun Financial Holding Co Ltd 494,970 TWD 287,545 304,272 0.24 Far Eastern New Century Corp 188,000 TWD 169,490 152,959 0.12 Far EasTone Telecommunications Co Ltd 77,000 TWD 164,082 196,170 0.15 First Financial Holding Co Ltd 455,620 TWD 201,566 304,795 0.24 Hon Hai Precision Industry Co Ltd 25,300 TWD 60,231 97,308 0.08 Hua Nan Financial Holdings Co Ltd 380,196 TWD 170,636 220,594 0.17 Lite-On Technology Corp 108,000 TWD 181,980 177,515 0.14 President Chain Store Corp 27,000 TWD 174,901 242,752 0.19 SinoPac Financial Holdings Co Ltd 559,000 TWD 156,163 170,898 0.13 Taishin Financial Holding Co Ltd 498,000 TWD 180,424 226,736 0.18 Taiwan Cooperative Financial Holding Co Ltd 410,880 TWD 159,095 218,137 0.17 Taiwan Mobile Co Ltd 81,000 TWD 248,809 304,881 0.24 Uni-President Enterprises Corp 71,000 TWD 121,797 142,374 0.11 United Microelectronics Corp 474,000 TWD 169,873 229,833 0.18 Wistron Corp 139,000 TWD 146,133 141,422 0.11 WPG Holdings Ltd 69,000 TWD 71,405 92,091 0.07 4,134,214 5,006,454 3.89

Thailand Advanced Info Service PCL (Foreign Market) 47,100 THB 225,687 246,107 0.19 Airports of Thailand PCL (Foreign Market) 59,000 THB 70,674 82,065 0.06 CP ALL PCL (Foreign Market) 111,000 THB 149,383 205,041 0.16 Siam Cement PCL/The (Foreign Market) 14,800 THB 228,740 219,582 0.17 Thai Beverage PCL (Foreign Market) 310,300 SGD 150,205 202,889 0.16 824,689 955,684 0.74

United Arab Emirates Emirates Telecommunications Group Co PJSC 66,209 AED 354,844 311,850 0.24

United Kingdom Booker Group Plc 54,739 GBP 126,043 132,952 0.10 Coca-Cola European Partners Plc 5,000 USD 177,067 202,900 0.16 Imperial Brands Plc 10,156 GBP 520,046 458,621 0.35 SSP Group Plc 22,680 GBP 129,040 140,451 0.11 STERIS Plc 3,800 USD 277,220 310,270 0.24 WH Smith Plc 5,507 GBP 127,370 123,467 0.10 1,356,786 1,368,661 1.06

United States of America Acxiom Corp 4,300 USD 115,070 111,671 0.09 AGNC Investment Corp (REIT) 16,800 USD 317,006 358,680 0.28 Alliant Energy Corp 11,000 USD 316,903 446,600 0.35 Allstate Corp/The 4,000 USD 312,523 353,480 0.27 Ameren Corp 1,500 USD 77,577 82,305 0.06 American Electric Power Co Inc 23,600 USD 1,325,566 1,652,236 1.28 American Financial Group Inc/OH 3,500 USD 240,395 347,725 0.27

128 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Amphenol Corp ‘A’ 16,100 USD 1,035,944 1,184,316 0.92 Apollo Commercial Real Estate Finance Inc (REIT) 3,800 USD 64,955 70,794 0.05 AptarGroup Inc 2,700 USD 212,228 234,792 0.18 Aramark 11,900 USD 444,750 485,401 0.38 Arthur J Gallagher & Co 8,400 USD 346,589 480,816 0.37 AT&T Inc 46,400 USD 1,510,148 1,748,816 1.36 Atmos Energy Corp 2,900 USD 167,762 241,657 0.19 Automatic Data Processing Inc 8,100 USD 827,061 831,222 0.65 AvalonBay Communities Inc (REIT) 5,200 USD 911,756 1,001,728 0.78 Avnet Inc 2,600 USD 115,387 101,296 0.08 Ball Corp 3,096 USD 100,795 130,527 0.10 Baxter International Inc 9,300 USD 469,639 562,092 0.44 Becton Dickinson and Co 10,100 USD 1,335,787 1,977,580 1.54 Black Hills Corp 1,000 USD 62,958 67,980 0.05 Broadridge Financial Solutions Inc 5,700 USD 313,486 428,241 0.33 BWX Technologies Inc 4,100 USD 157,908 199,014 0.15 Camden Property Trust (REIT) 4,200 USD 311,460 361,746 0.28 CBOE Holdings Inc 3,100 USD 208,579 283,030 0.22 CDW Corp/DE 1,400 USD 63,396 87,696 0.07 CH Robinson Worldwide Inc 3,100 USD 221,596 210,676 0.16 Chimera Investment Corp (REIT) 6,100 USD 81,476 114,192 0.09 Church & Dwight Co Inc 12,600 USD 528,204 654,696 0.51 Clorox Co/The 6,200 USD 715,714 828,258 0.64 CMS Energy Corp 13,300 USD 464,801 620,113 0.48 Coca-Cola Co/The 21,600 USD 1,000,007 972,864 0.76 Columbia Property Trust Inc (REIT) 6,000 USD 140,470 133,320 0.10 Consolidated Edison Inc 14,900 USD 987,126 1,210,923 0.94 Costco Wholesale Corp 10,300 USD 1,489,713 1,641,614 1.27 Danaher Corp 800 USD 64,848 67,448 0.05 DaVita Inc 6,100 USD 439,725 394,426 0.31 Dolby Laboratories Inc ‘A’ 2,700 USD 117,106 133,947 0.10 Dr Pepper Snapple Group Inc 9,200 USD 729,188 841,156 0.65 DST Systems Inc 2,400 USD 142,296 146,328 0.11 Duke Energy Corp 700 USD 56,332 59,031 0.05 EchoStar Corp 2,400 USD 109,469 145,896 0.11 Electronics For Imaging Inc 2,300 USD 98,811 108,629 0.08 Eli Lilly & Co 19,800 USD 1,604,137 1,634,094 1.27 Entergy Corp 800 USD 62,439 61,872 0.05 Equity Commonwealth (REIT) 6,300 USD 173,715 198,387 0.15 Euronet Worldwide Inc 2,400 USD 199,195 209,064 0.16 Eversource Energy 15,300 USD 764,158 934,218 0.73 Expeditors International of Washington Inc 3,500 USD 169,377 196,630 0.15 F5 Networks Inc 1,300 USD 137,196 164,931 0.13 Fiserv Inc 2,100 USD 245,977 256,977 0.20 General Mills Inc 10,000 USD 561,831 550,600 0.43 Genuine Parts Co 7,300 USD 595,101 672,111 0.52 Great Plains Energy Inc 5,900 USD 190,547 173,460 0.13 Harris Corp 6,200 USD 562,355 678,962 0.53 Henry Schein Inc 4,100 USD 565,563 750,464 0.58 Hershey Co/The 1,300 USD 139,165 139,555 0.11 Highwoods Properties Inc (REIT) 4,500 USD 174,597 226,800 0.18 Home Depot Inc/The 900 USD 130,451 137,745 0.11 IDACORP Inc 2,400 USD 153,125 206,184 0.16 Ingredion Inc 3,300 USD 444,919 390,621 0.30 International Business Machines Corp 1,400 USD 209,930 215,992 0.17 Intuitive Surgical Inc 2,000 USD 1,415,825 1,864,380 1.45 Investors Bancorp Inc 12,200 USD 150,623 163,297 0.13 Jack Henry & Associates Inc 3,900 USD 271,849 405,444 0.31 JM Smucker Co/The 1,200 USD 165,911 141,960 0.11 Johnson & Johnson 16,500 USD 1,886,047 2,192,850 1.70 Kellogg Co 800 USD 59,892 55,544 0.04 Kilroy Realty Corp (REIT) 3,600 USD 236,350 271,368 0.21

129 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Laboratory Corp of America Holdings 5,200 USD 594,845 796,952 0.62 Lancaster Colony Corp 900 USD 87,001 109,836 0.09 Liberty Property Trust (REIT) 3,200 USD 100,946 131,648 0.10 Masimo Corp 2,000 USD 117,806 182,960 0.14 McCormick & Co Inc/MD 5,600 USD 440,828 542,920 0.42 McDonald’s Corp 5,200 USD 654,350 796,588 0.62 MDU Resources Group Inc 6,300 USD 159,921 166,509 0.13 MEDNAX Inc 4,500 USD 344,467 274,365 0.21 MFA Financial Inc (REIT) 17,800 USD 121,813 149,698 0.12 Motorola Solutions Inc 5,500 USD 413,727 477,565 0.37 News Corp 15,700 USD 190,825 213,991 0.17 Northrop Grumman Corp 2,600 USD 603,898 667,966 0.52 NorthWestern Corp 1,700 USD 98,824 104,550 0.08 O’Reilly Automotive Inc 1,300 USD 327,634 281,437 0.22 Packaging Corp of America 2,200 USD 208,900 244,684 0.19 Patterson Cos Inc 4,200 USD 181,489 199,878 0.16 Paychex Inc 16,500 USD 807,574 939,510 0.73 Pfizer Inc 30,400 USD 920,633 1,021,744 0.79 Philip Morris International Inc 13,100 USD 1,041,446 1,537,154 1.19 Piedmont Office Realty Trust Inc (REIT) 7,300 USD 131,831 153,300 0.12 Pinnacle Foods Inc 5,300 USD 304,027 318,053 0.25 Pinnacle West Capital Corp 5,300 USD 336,400 453,574 0.35 Pool Corp 2,100 USD 152,599 247,611 0.19 Portland General Electric Co 4,100 USD 179,756 188,272 0.15 ProAssurance Corp 2,600 USD 127,620 158,730 0.12 Procter & Gamble Co/The 20,600 USD 1,482,912 1,795,908 1.39 Public Service Enterprise Group Inc 1,800 USD 84,085 77,598 0.06 Quest Diagnostics Inc 7,000 USD 488,356 779,240 0.61 Radian Group Inc 10,100 USD 160,670 164,529 0.13 Raytheon Co 1,100 USD 170,796 176,913 0.14 Republic Services Inc ‘A’ 11,600 USD 478,275 738,572 0.57 Reynolds American Inc 13,100 USD 571,839 852,810 0.66 Rockwell Collins Inc 7,000 USD 679,431 738,500 0.57 Ross Stores Inc 2,400 USD 165,083 138,192 0.11 SCANA Corp 6,200 USD 441,544 419,926 0.33 Science Applications International Corp 1,800 USD 125,559 125,460 0.10 Service Corp International/US 8,100 USD 234,466 269,163 0.21 Six Flags Entertainment Corp 4,300 USD 258,814 255,721 0.20 Sonoco Products Co 4,300 USD 193,866 219,859 0.17 Southern Co/The 34,000 USD 1,503,212 1,644,580 1.28 Starwood Property Trust Inc (REIT) 13,100 USD 303,012 293,702 0.23 Synopsys Inc 7,500 USD 348,174 548,100 0.43 Sysco Corp 26,400 USD 1,090,129 1,323,168 1.03 Teledyne Technologies Inc 1,400 USD 178,622 176,750 0.14 Teleflex Inc 2,000 USD 249,084 411,900 0.32 Towne Bank/Portsmouth VA 2,600 USD 60,796 80,600 0.06 Two Harbors Investment Corp (REIT) 17,700 USD 156,015 176,115 0.14 UDR Inc (REIT) 10,800 USD 374,731 423,144 0.33 UniFirst Corp/MA 800 USD 106,428 113,320 0.09 United Technologies Corp 1,100 USD 122,260 134,464 0.10 UnitedHealth Group Inc 900 USD 126,063 167,265 0.13 Vail Resorts Inc 700 USD 73,004 141,568 0.11 Varex Imaging Corp 1,920 USD 40,528 65,069 0.05 Varian Medical Systems Inc 4,800 USD 313,553 497,136 0.39 Vector Group Ltd 5,145 USD 106,069 109,537 0.09 Vectren Corp 4,000 USD 166,603 235,680 0.18 Wal-Mart Stores Inc 1,100 USD 79,812 83,797 0.07 Washington Federal Inc 4,500 USD 102,336 150,525 0.12 Waste Management Inc 21,000 USD 1,082,940 1,540,770 1.20 WEC Energy Group Inc 15,200 USD 792,012 938,600 0.73 WellCare Health Plans Inc 1,900 USD 265,009 340,461 0.26 West Pharmaceutical Services Inc 3,500 USD 188,499 329,455 0.26

130 EASTSPRING INVESTMENTS

GLOBAL LOW VOLATILITY EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

WP Carey Inc (REIT) 4,700 USD 271,937 311,845 0.24 Zimmer Biomet Holdings Inc 5,600 USD 526,439 718,424 0.56 Zoetis Inc 2,500 USD 128,564 156,250 0.12 52,963,472 63,232,579 49.12

Total Shares 107,681,223 126,206,365 98.01

Total Investments 107,681,223 126,206,365 98.01

Other Net Assets 2,563,364 1.99

Total Net Assets 128,769,729 100.00

131 Eastspring Investments – Global Market Navigator Fund (“Global Market Navigator Fund”)

EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Guernsey HarbourVest Global Private Equity Ltd 101,563 GBP 1,281,962 1,666,927 1.00 Princess Private Equity Holding Ltd 151,849 EUR 1,186,433 1,731,365 1.04 2,468,395 3,398,292 2.04

Ireland iShares Core EURO STOXX 50 UCITS ETF EUR Acc 27,475 EUR 3,343,969 3,278,629 1.97 iShares Core MSCI EM IMI UCITS ETF USD Acc - ETF 128,508 USD 3,330,132 3,345,050 2.01 iShares J.P. Morgan USD EM Bond UCITS ETF 162,149 USD 18,561,637 18,305,002 11.01 SPDR MSCI ACWI UCITS ETF 101,379 USD 11,700,334 11,680,888 7.02 36,936,072 36,609,569 22.01

Jersey 3i Infrastructure Plc 655,590 GBP 1,606,170 1,626,925 0.98

Total Mutual Funds 41,010,637 41,634,786 25.03

BONDS

Australia FMG Resources August 2006 Pty Ltd 4.75% 15/5/2022 ‘144A’ 36,000 USD 36,081 36,422 0.02 FMG Resources August 2006 Pty Ltd 5.125% 15/5/2024 ‘144A’ 35,000 USD 35,000 35,086 0.02 71,081 71,508 0.04

Austria JBS Investments GmbH 7.25% 3/4/2024 ‘144A’ 200,000 USD 205,124 178,500 0.11

Bermuda Aircastle Ltd 4.125% 1/5/2024 139,000 USD 138,999 141,433 0.09 Aircastle Ltd 5% 1/4/2023 87,000 USD 90,530 92,981 0.06 NCL Corp Ltd 4.75% 15/12/2021 ‘144A’ 134,000 USD 134,000 138,690 0.08 Weatherford International Ltd 8.25% 15/6/2023 100,000 USD 98,174 99,500 0.06 Weatherford International Ltd 9.875% 15/2/2024 ‘144A’ 100,000 USD 107,231 104,000 0.06 568,934 576,604 0.35

Brazil Brazilian Government International Bond 4.25% 7/1/2025 500,000 USD 492,537 490,625 0.29

Canada Bombardier Inc 6.125% 15/1/2023 ‘144A’ 100,000 USD 95,035 100,250 0.06 Bombardier Inc 7.5% 15/3/2025 ‘144A’ 100,000 USD 92,827 103,750 0.06 Cenovus Energy Inc 6.75% 15/11/2039 100,000 USD 107,117 104,375 0.07 Lions Gate Entertainment Corp 5.875% 1/11/2024 ‘144A’ 70,000 USD 70,000 73,150 0.04 MDC Partners Inc 6.5% 1/5/2024 ‘144A’ 75,000 USD 69,053 74,625 0.04 MEG Energy Corp 6.5% 15/1/2025 ‘144A’ 46,000 USD 46,000 41,515 0.02 Precision Drilling Corp 7.75% 15/12/2023 ‘144A’ 30,000 USD 30,000 29,850 0.02 Teck Resources Ltd 3.75% 1/2/2023 100,000 USD 90,897 97,000 0.06 Telesat Canada / Telesat LLC 8.875% 15/11/2024 ‘144A’ 93,000 USD 93,000 104,393 0.07 Trinidad Drilling Ltd 6.625% 15/2/2025 ‘144A’ 24,000 USD 24,000 22,740 0.01 Valeant Pharmaceuticals International Inc 5.5% 1/3/2023 ‘144A’ 100,000 USD 74,693 85,000 0.05 Valeant Pharmaceuticals International Inc 6.125% 15/4/2025 ‘144A’ 243,000 USD 213,656 205,334 0.13 Valeant Pharmaceuticals International Inc 6.5% 15/3/2022 ‘144A’ 16,000 USD 16,000 16,800 0.01 Valeant Pharmaceuticals International Inc 7% 15/3/2024 ‘144A’ 47,000 USD 47,000 49,703 0.03 1,069,278 1,108,485 0.67

Cayman Islands Noble Holding International Ltd 7.7% 1/4/2025 100,000 USD 81,479 76,750 0.05

132 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transocean Inc 7.5% 15/4/2031 100,000 USD 72,498 80,000 0.05 Transocean Proteus Ltd 6.25% 1/12/2024 ‘144A’ 116,850 USD 115,097 119,187 0.07 Vale Overseas Ltd 6.25% 10/8/2026 150,000 USD 155,398 162,375 0.09 424,472 438,312 0.26

Costa Rica Costa Rica Government International Bond 4.25% 26/1/2023 ‘144A’ 400,000 USD 394,767 389,500 0.23

Croatia Croatia Government International Bond 6% 26/1/2024 ‘144A’ 200,000 USD 224,333 224,500 0.13

Dominican Republic Dominican Republic International Bond 5.5% 27/1/2025 ‘REGS’ 200,000 USD 206,224 206,250 0.12

France SFR Group SA 7.375% 1/5/2026 ‘144A’ 200,000 USD 204,168 215,250 0.13

Hungary Hungary Government International Bond 5.375% 25/3/2024 300,000 USD 343,512 339,000 0.20

Ireland Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 15/2/2025 ‘144A’ 200,000 USD 200,000 209,500 0.13

Italy Enel SpA FRN 24/9/2073 ‘144A’ 200,000 USD 234,526 237,500 0.14

Luxembourg Altice Finco SA 7.625% 15/2/2025 ‘144A’ 200,000 USD 202,715 215,000 0.13 ArcelorMittal 6.75% 25/2/2022 75,000 USD 83,709 84,375 0.05 Gazprom OAO Via Gaz Capital SA 6.51% 7/3/2022 ‘144A’ 150,000 USD 164,851 165,364 0.10 Intelsat Jackson Holdings SA 5.5% 1/8/2023 200,000 USD 143,302 165,250 0.10 Intelsat Jackson Holdings SA 8% 15/2/2024 ‘144A’ 120,000 USD 121,042 129,300 0.08 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 4.875% 15/4/2020 ‘144A’ 50,000 USD 48,660 48,875 0.03 Nielsen Co Luxembourg SARL/The 5% 1/2/2025 ‘144A’ 70,000 USD 70,000 72,013 0.04 Telecom Italia Capital SA 6% 30/9/2034 50,000 USD 52,557 52,750 0.03 Telecom Italia Capital SA 7.175% 18/6/2019 100,000 USD 109,055 108,875 0.07 995,891 1,041,802 0.63

Mexico Mexico Government International Bond 4.125% 21/1/2026 400,000 USD 432,995 416,394 0.25

Netherlands CNH Industrial NV 4.5% 15/8/2023 50,000 USD 50,668 53,000 0.03 Petrobras Global Finance BV 4.375% 20/5/2023 450,000 USD 407,729 423,563 0.26 Schaeffler Finance BV 4.75% 15/5/2023 ‘144A’ 50,000 USD 51,748 51,625 0.03 Ziggo Bond Finance BV 6% 15/1/2027 ‘144A’ 200,000 USD 200,000 201,750 0.12 710,145 729,938 0.44

Russia Russian Foreign Bond - Eurobond 4.875% 16/9/2023 ‘144A’ 400,000 USD 434,786 430,000 0.26

Serbia Serbia International Bond 4.875% 25/2/2020 ‘144A’ 400,000 USD 413,925 417,598 0.25

Singapore Monetary Authority of Singapore Bill 0% 12/9/2017 3,000,000 SGD 2,154,694 2,175,544 1.32

Turkey Turkey Government International Bond 4.25% 14/4/2026 550,000 USD 541,950 523,188 0.32

133 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

United Kingdom EnQuest Plc 7% 15/4/2022 ‘144A’’EMTN’ 202,292 USD 131,787 152,225 0.09 Ensco Plc 5.2% 15/3/2025 100,000 USD 73,995 79,000 0.05 Royal Bank of Scotland Group Plc 6.1% 10/6/2023 150,000 USD 154,901 165,085 0.10 360,683 396,310 0.24

United States of America ACCO Brands Corp 5.25% 15/12/2024 ‘144A’ 48,000 USD 48,000 49,920 0.03 Advanced Disposal Services Inc 5.625% 15/11/2024 ‘144A’ 25,000 USD 25,000 25,750 0.02 AECOM 5.75% 15/10/2022 100,000 USD 104,730 104,875 0.06 AES Corp/VA 6% 15/5/2026 100,000 USD 106,468 107,000 0.06 Ally Financial Inc 5.125% 30/9/2024 200,000 USD 213,317 210,999 0.13 Alta Mesa Holdings LP / Alta Mesa Finance Services Corp 7.875% 15/12/2024 ‘144A’ 84,000 USD 84,000 84,630 0.05 AMC Entertainment Holdings Inc 5.75% 15/6/2025 50,000 USD 50,585 51,875 0.03 AMC Entertainment Holdings Inc 5.875% 15/11/2026 ‘144A’ 35,000 USD 35,000 36,444 0.02 AMC Entertainment Holdings Inc 6.125% 15/5/2027 ‘144A’ 36,000 USD 36,000 38,070 0.02 American Greetings Corp 7.875% 15/2/2025 ‘144A’ 23,000 USD 22,841 24,783 0.01 Aramark Services Inc 5.125% 15/1/2024 50,000 USD 52,010 52,500 0.03 Arconic Inc 5.4% 15/4/2021 125,000 USD 133,224 131,250 0.08 B&G Foods Inc 4.625% 1/6/2021 50,000 USD 51,231 51,000 0.03 B&G Foods Inc 5.25% 1/4/2025 13,000 USD 13,000 13,276 0.01 Bank of America Corp FRN Perpetual 250,000 USD 261,078 271,562 0.17 Beazer Homes USA Inc 6.75% 15/3/2025 33,000 USD 33,000 34,485 0.02 Beazer Homes USA Inc 7.25% 1/2/2023 100,000 USD 99,120 104,625 0.06 Beazer Homes USA Inc 8.75% 15/3/2022 100,000 USD 105,320 111,000 0.07 BlueLine Rental Finance Corp / BlueLine Rental LLC 9.25% 15/3/2024 ‘144A’ 33,000 USD 33,000 34,320 0.02 Boyd Gaming Corp 6.375% 1/4/2026 100,000 USD 105,630 108,000 0.06 BWAY Holding Co 5.5% 15/4/2024 ‘144A’ 200,000 USD 200,000 203,749 0.12 Cablevision Systems Corp 5.875% 15/9/2022 50,000 USD 46,217 51,938 0.03 Calpine Corp 5.375% 15/1/2023 125,000 USD 124,945 121,250 0.07 Calumet Specialty Products Partners LP / Calumet Finance Corp 6.5% 15/4/2021 100,000 USD 87,634 86,500 0.05 Calumet Specialty Products Partners LP / Calumet Finance Corp 11.5% 15/1/2021 ‘144A’ 100,000 USD 112,365 115,625 0.07 Carrizo Oil & Gas Inc 6.25% 15/4/2023 100,000 USD 99,836 95,250 0.06 Carrizo Oil & Gas Inc 8.25% 15/7/2025 43,000 USD 43,000 43,000 0.03 CBS Radio Inc 7.25% 1/11/2024 ‘144A’ 31,000 USD 31,000 32,085 0.02 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 1/5/2027 ‘144A’ 133,000 USD 133,649 136,159 0.08 CCO Holdings LLC / CCO Holdings Capital Corp 5.75% 15/2/2026 ‘144A’ 50,000 USD 52,352 53,375 0.03 CDW LLC / CDW Finance Corp 5% 1/9/2025 14,000 USD 14,000 14,525 0.01 CenturyLink Inc 5.8% 15/3/2022 Series T 150,000 USD 152,832 155,813 0.09 Chemours Co/The 5.375% 15/5/2027 22,000 USD 21,794 22,680 0.01 Cheniere Corpus Christi Holdings LLC 5.125% 30/6/2027 ‘144A’ 52,000 USD 52,060 53,170 0.03 Cheniere Corpus Christi Holdings LLC 5.875% 31/3/2025 99,000 USD 99,000 105,683 0.06 Chesapeake Energy Corp 8% 15/12/2022 ‘144A’ 46,000 USD 45,552 48,300 0.03 Chobani LLC / Chobani Finance Corp Inc 7.5% 15/4/2025 ‘144A’ 49,000 USD 49,000 51,573 0.03 CHS/Community Health Systems Inc 6.875% 1/2/2022 150,000 USD 130,767 130,500 0.08 Cincinnati Bell Inc 7% 15/7/2024 ‘144A’ 100,000 USD 102,688 104,500 0.06 Cinemark USA Inc 4.875% 1/6/2023 50,000 USD 50,595 51,125 0.03 CIT Group Inc 5% 1/8/2023 200,000 USD 212,319 215,249 0.13 Citgo Holding Inc 10.75% 15/2/2020 ‘144A’ 75,000 USD 76,194 81,750 0.05 Citigroup Inc FRN Perpetual Series R 250,000 USD 259,417 268,124 0.17 CommScope Technologies LLC 6% 15/6/2025 ‘144A’ 100,000 USD 105,736 107,375 0.06 Cott Holdings Inc 5.5% 1/4/2025 ‘144A’ 86,000 USD 86,000 87,505 0.05 CyrusOne LP / CyrusOne Finance Corp 5% 15/3/2024 ‘144A’ 25,000 USD 25,000 25,688 0.02 Dell International LLC / EMC Corp 6.02% 15/6/2026 ‘144A’ 150,000 USD 161,055 165,420 0.10 Denbury Resources Inc 4.625% 15/7/2023 150,000 USD 110,896 79,500 0.05 Denbury Resources Inc 5.5% 1/5/2022 47,000 USD 34,339 26,320 0.02 Diamondback Energy Inc 4.75% 1/11/2024 ‘144A’ 14,000 USD 14,000 13,895 0.01 DISH DBS Corp 7.75% 1/7/2026 50,000 USD 52,676 59,125 0.04

134 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

DJO Finco Inc / DJO Finance LLC / DJO Finance Corp 8.125% 15/6/2021 ‘144A’ 125,000 USD 113,901 116,563 0.07 Dollar Tree Inc 5.75% 1/3/2023 100,000 USD 105,661 105,000 0.06 Dynegy Inc 5.875% 1/6/2023 100,000 USD 90,273 93,250 0.06 Dynegy Inc 7.625% 1/11/2024 55,000 USD 54,374 53,488 0.03 Dynegy Inc 8% 15/1/2025 ‘144A’ 87,000 USD 87,000 84,390 0.05 Endo Finance LLC / Endo Finco Inc 5.375% 15/1/2023 ‘144A’ 200,000 USD 171,225 167,500 0.10 Energy Transfer Equity LP 5.5% 1/6/2027 200,000 USD 202,210 206,999 0.12 EnLink Midstream Partners LP 4.85% 15/7/2026 100,000 USD 100,981 104,250 0.06 Envision Healthcare Corp 6.25% 1/12/2024 ‘144A’ 39,000 USD 39,000 41,633 0.03 EP Energy LLC / Everest Acquisition Finance Inc 6.375% 15/6/2023 61,000 USD 37,198 33,855 0.02 EP Energy LLC / Everest Acquisition Finance Inc 8% 15/2/2025 ‘144A’ 85,000 USD 81,179 62,475 0.04 Equinix Inc 5.375% 15/5/2027 200,000 USD 214,250 213,749 0.13 ESH Hospitality Inc 5.25% 1/5/2025 ‘144A’ 50,000 USD 49,687 51,813 0.03 FelCor Lodging LP 5.625% 1/3/2023 50,000 USD 51,338 51,938 0.03 First Data Corp 5% 15/1/2024 ‘144A’ 100,000 USD 102,815 102,750 0.06 First Data Corp 7% 1/12/2023 ‘144A’ 50,000 USD 52,654 53,188 0.03 FirstEnergy Transmission LLC 4.35% 15/1/2025 ‘144A’ 100,000 USD 105,762 105,147 0.06 Flex Acquisition Co Inc 6.875% 15/1/2025 ‘144A’ 36,000 USD 36,000 37,350 0.02 Florida East Coast Holdings Corp 6.75% 1/5/2019 ‘144A’ 100,000 USD 101,274 102,625 0.06 Freeport-McMoRan Inc 4.55% 14/11/2024 100,000 USD 89,137 94,500 0.06 Frontier Communications Corp 11% 15/9/2025 200,000 USD 209,177 185,000 0.11 GenOn Americas Generation LLC 8.5% 1/10/2021 (Defaulted) 200,000 USD 178,227 179,500 0.11 Goldman Sachs Group Inc/The FRN Perpetual 250,000 USD 252,878 265,624 0.16 Goodyear Tire & Rubber Co/The 4.875% 15/3/2027 153,000 USD 153,122 155,295 0.09 HCA Inc 5.25% 15/6/2026 300,000 USD 317,470 324,749 0.21 HealthSouth Corp 5.75% 1/11/2024 50,000 USD 51,698 51,500 0.03 Hearthside Group Holdings LLC/Hearthside Finance Co 6.5% 1/5/2022 ‘144A’ 100,000 USD 101,492 101,000 0.06 Hertz Corp/The 6.25% 15/10/2022 100,000 USD 103,434 87,500 0.05 Hexion Inc 6.625% 15/4/2020 50,000 USD 45,218 45,375 0.03 Hexion Inc 10.375% 1/2/2022 ‘144A’ 36,000 USD 36,467 35,640 0.02 Hill-Rom Holdings Inc 5% 15/2/2025 ‘144A’ 41,000 USD 41,000 41,923 0.03 Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 1/4/2027 ‘144A’ 151,000 USD 151,000 157,418 0.09 Hughes Satellite Systems Corp 6.625% 1/8/2026 100,000 USD 108,218 107,750 0.06 IASIS Healthcare LLC / IASIS Capital Corp 8.375% 15/5/2019 100,000 USD 93,608 100,500 0.06 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6.75% 1/2/2024 50,000 USD 52,210 52,125 0.03 iHeartCommunications Inc 9% 1/3/2021 125,000 USD 97,706 94,063 0.06 Infor Software Parent LLC / Infor Software Parent Inc 7.125% 1/5/2021 ‘144A’ 100,000 USD 100,263 103,250 0.06 JPMorgan Chase & Co FRN Perpetual 250,000 USD 251,496 261,249 0.16 KB Home 7.5% 15/9/2022 50,000 USD 53,583 56,500 0.03 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.75% 1/6/2027 ‘144A’ 27,000 USD 27,489 27,473 0.02 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 5.25% 1/6/2026 ‘144A’ 14,000 USD 14,517 14,735 0.01 Kindred Healthcare Inc 8% 15/1/2020 100,000 USD 101,793 105,375 0.06 Koppers Inc 6% 15/2/2025 ‘144A’ 26,000 USD 26,000 27,658 0.02 L Brands Inc 5.625% 15/2/2022 25,000 USD 27,342 26,750 0.02 Landry’s Inc 6.75% 15/10/2024 ‘144A’ 50,000 USD 51,030 51,125 0.03 Level 3 Financing Inc 5.375% 1/5/2025 150,000 USD 155,549 157,500 0.09 Levi Strauss & Co 5% 1/5/2025 200,000 USD 210,000 209,499 0.13 Liberty Interactive LLC 8.5% 15/7/2029 100,000 USD 110,795 110,500 0.07 Live Nation Entertainment Inc 4.875% 1/11/2024 ‘144A’ 76,000 USD 76,000 76,855 0.05 Men’s Wearhouse Inc/The 7% 1/7/2022 100,000 USD 94,372 88,750 0.05 MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc 4.5% 1/9/2026 100,000 USD 99,078 100,500 0.06 MGM Resorts International 6% 15/3/2023 50,000 USD 54,063 55,125 0.03 Micron Technology Inc 5.5% 1/2/2025 75,000 USD 74,089 78,938 0.05 Mohegan Gaming & Entertainment 7.875% 15/10/2024 ‘144A’ 75,000 USD 75,003 78,000 0.05 MPH Acquisition Holdings LLC 7.125% 1/6/2024 ‘144A’ 50,000 USD 53,367 53,500 0.03 MPLX LP 4.875% 1/6/2025 100,000 USD 102,151 106,500 0.06 Nabors Industries Inc 5.5% 15/1/2023 ‘144A’ 23,000 USD 23,000 21,793 0.01

135 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Navient Corp 6.125% 25/3/2024 ‘MTN’ 150,000 USD 155,250 154,970 0.09 Navient Corp 6.5% 15/6/2022 47,000 USD 46,981 49,930 0.03 Navistar International Corp 8.25% 1/11/2021 200,000 USD 197,223 201,999 0.12 Netflix Inc 5.875% 15/2/2025 125,000 USD 136,953 138,438 0.08 NRG Energy Inc 7.25% 15/5/2026 100,000 USD 101,953 103,000 0.06 Olin Corp 5.125% 15/9/2027 83,000 USD 83,000 85,490 0.05 Ortho-Clinical Diagnostics Inc / Ortho-Clinical Diagnostics SA 6.625% 15/5/2022 ‘144A’ 100,000 USD 91,069 95,375 0.06 Owens-Brockway Glass Container Inc 5.875% 15/8/2023 ‘144A’ 100,000 USD 107,270 110,750 0.07 Parsley Energy LLC / Parsley Finance Corp 5.25% 15/8/2025 ‘144A’ 25,000 USD 25,118 24,875 0.01 Penn National Gaming Inc 5.625% 15/1/2027 ‘144A’ 30,000 USD 30,000 30,413 0.02 PetSmart Inc 8.875% 1/6/2025 ‘144A’ 100,000 USD 99,588 91,750 0.06 Platform Specialty Products Corp 6.5% 1/2/2022 ‘144A’ 100,000 USD 97,203 103,250 0.06 Post Holdings Inc 5% 15/8/2026 ‘144A’ 86,000 USD 82,950 85,785 0.05 Prime Security Services Borrower LLC / Prime Finance Inc 9.25% 15/5/2023 ‘144A’ 75,000 USD 80,768 81,563 0.05 Rackspace Hosting Inc 8.625% 15/11/2024 ‘144A’ 40,000 USD 40,000 42,500 0.03 Radiate Holdco LLC / Radiate Finance Inc 6.625% 15/2/2025 ‘144A’ 39,000 USD 39,000 39,195 0.02 Rain CII Carbon LLC / CII Carbon Corp 7.25% 1/4/2025 ‘144A’ 200,000 USD 198,560 205,749 0.12 Range Resources Corp 4.875% 15/5/2025 100,000 USD 96,609 94,750 0.06 Regal Entertainment Group 5.75% 15/3/2022 125,000 USD 128,462 130,625 0.08 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 6.875% 15/2/2021 64,814 USD 66,955 66,596 0.04 Rite Aid Corp 6.125% 1/4/2023 ‘144A’ 25,000 USD 26,846 24,375 0.01 Sabine Pass Liquefaction LLC 5.875% 30/6/2026 50,000 USD 53,873 56,063 0.03 Sally Holdings LLC / Sally Capital Inc 5.75% 1/6/2022 25,000 USD 26,051 25,594 0.02 Scientific Games International Inc 10% 1/12/2022 125,000 USD 117,048 136,875 0.08 Scotts Miracle-Gro Co/The 5.25% 15/12/2026 5,000 USD 5,000 5,225 0.00 Silgan Holdings Inc 4.75% 15/3/2025 ‘144A’ 106,000 USD 106,000 108,650 0.07 Sinclair Television Group Inc 5.125% 15/2/2027 ‘144A’ 125,000 USD 121,804 121,250 0.07 Sirius XM Radio Inc 6% 15/7/2024 ‘144A’ 200,000 USD 212,220 212,999 0.13 Six Flags Entertainment Corp 4.875% 31/7/2024 ‘144A’ 28,000 USD 27,729 28,140 0.02 SM Energy Co 5.625% 1/6/2025 100,000 USD 94,963 90,000 0.05 Spectrum Brands Inc 5.75% 15/7/2025 100,000 USD 108,238 107,000 0.06 Sprint Corp 7.875% 15/9/2023 250,000 USD 248,286 287,499 0.18 Standard Industries Inc/NJ 5% 15/2/2027 ‘144A’ 175,000 USD 175,000 177,844 0.11 Summit Midstream Holdings LLC / Summit Midstream Finance Corp 5.75% 15/4/2025 93,000 USD 93,000 93,698 0.06 Talen Energy Supply LLC 4.6% 15/12/2021 150,000 USD 120,400 114,750 0.07 Tempo Acquisition LLC / Tempo Acquisition Finance Corp 6.75% 1/6/2025 ‘144A’ 30,000 USD 30,000 30,675 0.02 Tenet Healthcare Corp 4.375% 1/10/2021 20,000 USD 20,096 20,300 0.01 Terex Corp 5.625% 1/2/2025 ‘144A’ 87,000 USD 87,000 89,393 0.05 THC Escrow Corp III 5.125% 1/5/2025 ‘144A’ 34,000 USD 34,000 34,043 0.02 T-Mobile USA Inc 6% 1/3/2023 200,000 USD 209,814 211,749 0.13 Toll Brothers Finance Corp 4.875% 15/3/2027 100,000 USD 100,000 103,625 0.06 United Rentals North America Inc 6.125% 15/6/2023 25,000 USD 25,939 26,063 0.02 United States Treasury Bill 0% 20/7/2017 8,174,400 USD 8,170,949 8,171,039 4.92 Univision Communications Inc 5.125% 15/2/2025 ‘144A’ 100,000 USD 101,372 98,750 0.06 Viacom Inc FRN 28/2/2057 65,000 USD 65,000 67,600 0.04 WellCare Health Plans Inc 5.25% 1/4/2025 163,000 USD 163,000 171,558 0.10 Western Digital Corp 10.5% 1/4/2024 100,000 USD 114,346 117,875 0.07 WideOpenWest Finance LLC / WideOpenWest Capital Corp 10.25% 15/7/2019 98,000 USD 101,902 100,818 0.06 Williams Cos Inc/The 4.55% 24/6/2024 75,000 USD 77,890 76,598 0.05 Windstream Services LLC 6.375% 1/8/2023 125,000 USD 113,479 102,500 0.06 Windstream Services LLC 7.5% 1/4/2023 100,000 USD 97,279 87,500 0.05 Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 5.25% 15/5/2027 ‘144A’ 43,000 USD 43,000 43,860 0.03 Zayo Group LLC / Zayo Capital Inc 5.75% 15/1/2027 ‘144A’ 92,000 USD 95,018 96,370 0.06 23,150,750 23,309,396 14.01

136 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Venezuela Petroleos de Venezuela SA 5.375% 12/4/2027 600,000 USD 271,224 218,250 0.13

Total Bonds 34,105,999 34,343,954 20.65

SHARES

Austria Verbund AG 3,777 EUR 61,680 71,912 0.04

Belgium bpost SA 2,101 EUR 55,582 50,755 0.03 Cofinimmo SA (REIT) 434 EUR 51,462 53,476 0.03 Colruyt SA 1,473 EUR 82,233 77,841 0.05 Sofina SA 360 EUR 39,157 51,802 0.03 228,434 233,874 0.14

Bermuda Arch Capital Group Ltd 2,600 USD 181,820 243,594 0.14 Cafe de Coral Holdings Ltd 12,000 HKD 42,760 38,892 0.02 CK Infrastructure Holdings Ltd 21,000 HKD 184,205 176,474 0.11 COSCO SHIPPING Ports Ltd 40,000 HKD 41,194 46,937 0.03 Dairy Farm International Holdings Ltd 6,400 USD 39,134 50,432 0.03 Genpact Ltd 3,300 USD 85,660 91,872 0.06 Kerry Properties Ltd 14,500 HKD 39,767 49,223 0.03 RenaissanceRe Holdings Ltd 400 USD 48,497 56,048 0.03 Shangri-La Asia Ltd 38,000 HKD 41,708 64,451 0.04 Validus Holdings Ltd 1,800 USD 82,303 94,212 0.06 VTech Holdings Ltd 3,300 HKD 36,198 52,293 0.03 White Mountains Insurance Group Ltd 100 USD 83,369 87,000 0.05 906,615 1,051,428 0.63

Canada Algonquin Power & Utilities Corp 5,200 CAD 47,228 54,078 0.03 Atco Ltd/Canada 1,800 CAD 67,402 70,281 0.04 Bank of Montreal 4,400 USD 258,578 323,444 0.19 BCE Inc 7,400 CAD 343,054 333,920 0.20 BCE Inc Npv 12,900 USD 592,885 582,306 0.35 CAE Inc 6,400 CAD 94,415 110,008 0.07 Cae Inc Npv 5,800 USD 66,458 99,586 0.06 Canadian Imperial Bank of Commerce 4,500 CAD 367,309 366,680 0.22 Canadian Imperial Bank of Commerce/Canada Npv 6,600 USD 481,680 538,098 0.32 Canadian Tire Corp Ltd 2,200 CAD 220,483 250,857 0.15 Canadian Utilities Ltd 4,300 CAD 133,953 137,871 0.08 Cineplex Inc 1,500 CAD 58,215 61,472 0.04 Dollarama Inc 3,600 CAD 273,673 341,532 0.21 Emera Inc 7,500 CAD 273,486 279,587 0.17 George Weston Ltd 1,700 CAD 146,874 153,672 0.09 Loblaw Cos Ltd 6,300 CAD 331,304 350,239 0.21 Metro Inc 5,600 CAD 202,991 183,701 0.11 Rogers Communications Inc 10,200 USD 405,149 482,868 0.29 Saputo Inc 1,200 CAD 41,822 37,994 0.02 Shaw Communications Inc 13,000 CAD 256,444 283,630 0.17 Shaw Communications Inc ‘B’ Npv 3,100 USD 57,429 67,673 0.04 TELUS Corp 5,900 USD 189,895 203,845 0.12 4,910,727 5,313,342 3.18

Cayman Islands China Medical System Holdings Ltd 29,000 HKD 39,248 50,152 0.03 China Mengniu Dairy Co Ltd 37,000 HKD 73,415 72,519 0.04 Fresh Del Monte Produce Inc 700 USD 29,423 34,909 0.02

137 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Hengan International Group Co Ltd 27,000 HKD 204,656 199,225 0.12 Kingboard Chemical Holdings Ltd 23,000 HKD 91,022 91,632 0.06 Shenzhou International Group Holdings Ltd 17,000 HKD 111,840 111,718 0.07 WH Group Ltd 213,000 HKD 148,026 215,014 0.13 697,630 775,169 0.47

China Agricultural Bank of China Ltd ‘H’ 838,000 HKD 325,375 396,122 0.24 Bank of Communications Co Ltd ‘H’ 386,000 HKD 285,738 272,457 0.16 China CITIC Bank Corp Ltd ‘H’ 437,000 HKD 270,420 267,589 0.16 China Minsheng Banking Corp Ltd ‘H’ 220,500 HKD 247,409 220,041 0.13 China Petroleum & Chemical Corp ‘H’ 766,000 HKD 535,812 597,591 0.37 China Railway Group Ltd ‘H’ 137,000 HKD 108,554 107,933 0.06 China Telecom Corp Ltd ‘H’ 490,000 HKD 236,993 232,878 0.14 China Vanke Co Ltd ‘H’ 46,500 HKD 131,162 131,645 0.08 CITIC Securities Co Ltd ‘H’ 76,000 HKD 156,583 157,136 0.09 CRRC Corp Ltd ‘H’ 145,000 HKD 131,926 130,396 0.08 Guangzhou Automobile Group Co Ltd ‘H’ 78,000 HKD 112,313 136,891 0.08 Haitong Securities Co Ltd ‘H’ 112,000 HKD 207,540 181,066 0.11 Industrial & Commercial Bank of China Ltd ‘H’ 696,000 HKD 379,087 469,870 0.28 People’s Insurance Co Group of China Ltd/The ‘H’ 233,000 HKD 98,477 97,901 0.06 PetroChina Co Ltd ‘H’ 702,000 HKD 496,210 429,856 0.26 Sinopharm Group Co Ltd ‘H’ 34,400 HKD 154,166 155,558 0.09 Tsingtao Brewery Co Ltd ‘H’ 10,000 HKD 40,672 44,259 0.03 3,918,437 4,029,189 2.42

Denmark GN Store Nord A/S 5,240 DKK 100,356 153,927 0.09 Royal Unibrew A/S 964 DKK 43,231 46,327 0.03 143,587 200,254 0.12

Finland Fortum OYJ 4,289 EUR 72,151 67,817 0.04 Orion Oyj 3,112 EUR 123,346 200,879 0.12 195,497 268,696 0.16

France Orpea 1,005 EUR 84,959 112,051 0.07

Germany Axel Springer SE 1,728 EUR 94,919 104,336 0.06 Beiersdorf AG 2,029 EUR 163,173 213,843 0.13 Celesio AG 1,546 EUR 43,589 47,089 0.03 Deutsche Post AG 23,421 EUR 699,582 883,278 0.53 Fraport AG Frankfurt Airport Services Worldwide 792 EUR 49,477 69,790 0.04 Freenet AG 4,273 EUR 134,222 136,763 0.08 Kabel Deutschland Holding AG 436 EUR 55,810 57,284 0.03 MAN SE 1,196 EUR 127,936 128,564 0.08 Merck KGaA 4,375 EUR 433,548 529,072 0.32 METRO AG 4,217 EUR 124,598 142,559 0.09 MTU Aero Engines AG 1,648 EUR 172,059 233,090 0.14 STADA Arzneimittel AG 2,110 EUR 92,033 149,796 0.09 2,190,946 2,695,464 1.62

Guernsey Amdocs Ltd 4,600 USD 268,282 294,492 0.18

Hong Kong China Mobile Ltd 58,000 HKD 639,975 615,572 0.37 China Resources Beer Holdings Co Ltd 56,000 HKD 146,938 141,323 0.08 CLP Holdings Ltd 62,500 HKD 577,636 661,329 0.40

138 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

CSPC Pharmaceutical Group Ltd 148,000 HKD 159,941 216,135 0.13 Fosun International Ltd 77,000 HKD 124,443 120,340 0.07 Guangdong Investment Ltd 104,000 HKD 143,732 143,352 0.09 Henderson Land Development Co Ltd 48,300 HKD 271,629 269,460 0.16 Hopewell Holdings Ltd 14,000 HKD 45,779 53,355 0.03 Hysan Development Co Ltd 13,000 HKD 55,957 62,034 0.04 Lenovo Group Ltd 238,000 HKD 150,609 150,308 0.09 Link REIT (REIT) 30,500 HKD 176,513 232,084 0.14 MTR Corp Ltd 41,000 HKD 230,128 230,835 0.14 New World Development Co Ltd 127,000 HKD 137,861 161,226 0.10 PCCW Ltd 98,000 HKD 71,644 55,740 0.03 Power Assets Holdings Ltd 39,500 HKD 390,171 348,891 0.21 Swire Pacific Ltd 13,500 HKD 133,791 131,866 0.08 3,456,747 3,593,850 2.16

Hungary Richter Gedeon Nyrt 2,187 HUF 46,256 56,897 0.03

India Aurobindo Pharma Ltd 9,514 INR 100,580 100,766 0.06 Bajaj Auto Ltd 2,318 INR 102,017 100,097 0.06 Bharti Airtel Ltd 46,594 INR 267,103 273,707 0.16 Coal India Ltd 41,415 INR 167,412 156,498 0.09 HCL Technologies Ltd 18,819 INR 246,554 247,737 0.15 Housing Development Finance Corp Ltd 17,729 INR 391,694 442,953 0.27 Indian Oil Corp Ltd 31,942 INR 188,641 190,355 0.11 Infosys Ltd 14,809 INR 232,114 214,343 0.13 LIC Housing Finance Ltd 8,219 INR 97,385 94,375 0.06 Mahindra & Mahindra Ltd 5,726 INR 127,909 119,468 0.07 NTPC Ltd 64,494 INR 159,306 158,597 0.10 State Bank of India 57,318 INR 249,768 242,662 0.15 Tata Consultancy Services Ltd 2,032 INR 78,363 74,265 0.04 Wipro Ltd 60,716 INR 234,169 242,676 0.15 2,643,015 2,658,499 1.60

Indonesia Bank Central Asia Tbk PT 296,300 IDR 326,231 403,515 0.23 Indofood Sukses Makmur Tbk PT 146,400 IDR 93,615 94,469 0.06 Kalbe Farma Tbk PT 478,100 IDR 61,469 58,294 0.04 Telekomunikasi Indonesia Persero Tbk PT 382,000 IDR 118,118 129,555 0.08 599,433 685,833 0.41

International HK Electric Investments & HK Electric Investments Ltd ‘144A’ 56,500 HKD 54,613 51,967 0.03 HKT Trust & HKT Ltd 76,000 HKD 107,122 99,695 0.06 161,735 151,662 0.09

Israel Bank Hapoalim BM 22,672 ILS 112,666 152,878 0.09 Elbit Systems Ltd 494 ILS 43,220 60,890 0.04 Israel Discount Bank Ltd 31,938 ILS 58,643 84,159 0.05 Mizrahi Tefahot Bank Ltd 5,262 ILS 74,890 95,714 0.06 289,419 393,641 0.24

Japan Activia Properties Inc (REIT) 12 JPY 62,591 51,418 0.03 Advance Residence Investment Corp (REIT) 28 JPY 69,304 69,788 0.04 ANA Holdings Inc 41,000 JPY 140,956 142,736 0.09 Aozora Bank Ltd 25,000 JPY 87,670 95,416 0.06 Asahi Group Holdings Ltd 13,400 JPY 461,898 505,218 0.30 Astellas Pharma Inc 26,400 JPY 356,493 323,585 0.19 Azbil Corp 1,500 JPY 37,897 57,116 0.03

139 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Bic Camera Inc 5,200 JPY 44,001 55,274 0.03 Brother Industries Ltd 6,900 JPY 160,294 159,548 0.10 Canon Inc 22,800 JPY 683,655 775,858 0.48 Daiichi Sankyo Co Ltd 19,500 JPY 441,219 460,286 0.28 Daiichikosho Co Ltd 1,400 JPY 59,040 65,793 0.04 Daiwa House REIT Investment Corp (REIT) 29 JPY 59,708 69,022 0.04 FP Corp 900 JPY 42,886 48,796 0.03 Frontier Real Estate Investment Corp (REIT) 11 JPY 50,362 45,465 0.03 GLP J-Reit (REIT) 56 JPY 62,292 60,474 0.04 Hakuhodo DY Holdings Inc 6,600 JPY 74,939 87,753 0.05 Hamamatsu Photonics KK 3,200 JPY 89,264 98,448 0.06 Hikari Tsushin Inc 500 JPY 37,946 52,702 0.03 Hirose Electric Co Ltd 1,100 JPY 157,198 157,143 0.09 Hisamitsu Pharmaceutical Co Inc 2,600 JPY 140,678 124,737 0.07 House Foods Group Inc 2,500 JPY 56,911 62,779 0.04 Hoya Corp 7,900 JPY 298,095 410,921 0.25 Itochu Techno-Solutions Corp 1,600 JPY 41,688 56,073 0.03 Japan Excellent Inc (REIT) 40 JPY 56,977 44,623 0.03 Japan Logistics Fund Inc (REIT) 19 JPY 40,314 39,562 0.02 Japan Tobacco Inc 25,000 JPY 1,018,229 879,926 0.54 Kagome Co Ltd 1,700 JPY 31,253 51,846 0.03 Kamigumi Co Ltd 5,000 JPY 47,200 52,524 0.03 Keikyu Corp 16,000 JPY 166,670 193,044 0.12 Kikkoman Corp 7,000 JPY 212,770 224,095 0.13 K’s Holdings Corp 2,700 JPY 44,731 52,849 0.03 Kyushu Electric Power Co Inc 6,100 JPY 60,167 74,197 0.04 McDonald’s Holdings Co Japan Ltd 2,200 JPY 83,124 84,555 0.05 Medipal Holdings Corp 7,000 JPY 131,010 129,713 0.08 Miraca Holdings Inc 900 JPY 38,615 40,530 0.02 Mitsubishi Tanabe Pharma Corp 7,500 JPY 140,257 173,622 0.10 Mori Hills REIT Investment Corp (REIT) 30 JPY 44,260 36,972 0.02 NH Foods Ltd 6,000 JPY 154,767 182,718 0.11 Nichirei Corp 4,900 JPY 147,888 137,640 0.08 Nippon Accommodations Fund Inc (REIT) 10 JPY 38,433 41,912 0.03 Nippon Prologis REIT Inc (REIT) 56 JPY 139,911 119,551 0.07 Nisshin Seifun Group Inc 6,500 JPY 97,406 106,942 0.06 Nissin Foods Holdings Co Ltd 3,100 JPY 165,660 194,061 0.12 Nitori Holdings Co Ltd 2,700 JPY 318,461 362,119 0.22 Nomura Research Institute Ltd 4,100 JPY 165,266 161,784 0.10 Orix JREIT Inc (REIT) 50 JPY 76,246 73,970 0.04 Otsuka Holdings Co Ltd 12,900 JPY 506,996 551,017 0.34 Santen Pharmaceutical Co Ltd 9,400 JPY 138,632 127,747 0.08 Sawai Pharmaceutical Co Ltd 800 JPY 52,000 45,015 0.03 Secom Co Ltd 4,400 JPY 329,366 334,493 0.20 Shimamura Co Ltd 500 JPY 58,978 61,352 0.04 Skylark Co Ltd 3,800 JPY 52,985 54,692 0.03 Sugi Holdings Co Ltd 800 JPY 42,011 42,946 0.03 Sumitomo Dainippon Pharma Co Ltd 3,700 JPY 42,661 50,581 0.03 Suzuken Co Ltd/Aichi Japan 2,700 JPY 89,407 89,807 0.05 Taisho Pharmaceutical Holdings Co Ltd 1,400 JPY 111,431 106,742 0.06 Takashimaya Co Ltd 11,000 JPY 91,073 104,860 0.06 Takeda Pharmaceutical Co Ltd 22,600 JPY 1,051,854 1,150,555 0.70 Toagosei Co Ltd 4,200 JPY 47,110 54,682 0.03 Toho Co Ltd/Tokyo 5,100 JPY 142,218 157,357 0.09 Toyo Suisan Kaisha Ltd 3,100 JPY 120,545 119,007 0.07 Tsumura & Co 2,100 JPY 60,022 85,393 0.05 United Urban Investment Corp (REIT) 59 JPY 93,576 84,444 0.05 USS Co Ltd 7,500 JPY 131,188 149,345 0.09 Yamada Denki Co Ltd 9,900 JPY 49,317 49,262 0.03 10,347,970 10,914,401 6.56

Malaysia IHH Healthcare Bhd 49,400 MYR 76,824 66,171 0.04 Kuala Lumpur Kepong Bhd 9,900 MYR 56,293 57,380 0.03 140 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Petronas Dagangan Bhd 8,400 MYR 43,683 47,160 0.03 Public Bank Bhd 36,000 MYR 163,030 170,412 0.10 Telekom Malaysia Bhd 34,600 MYR 54,576 53,601 0.03 Tenaga Nasional Bhd 81,100 MYR 279,495 267,143 0.17 673,901 661,867 0.40

New Zealand Ryman Healthcare Ltd 14,092 NZD 85,203 85,578 0.05

Philippines Aboitiz Equity Ventures Inc 75,200 PHP 111,377 113,485 0.07 Aboitiz Power Corp 50,700 PHP 48,291 39,085 0.02 Bank of the Philippine Islands 54,680 PHP 105,708 112,698 0.07 BDO Unibank Inc 36,450 PHP 88,545 89,572 0.05 353,921 354,840 0.21

Singapore DBS Group Holdings Ltd 5,321 SGD 64,725 80,174 0.05 Singapore Airlines Ltd 12,400 SGD 95,921 91,167 0.05 Singapore Exchange Ltd 16,000 SGD 82,626 85,320 0.05 Singapore Press Holdings Ltd 38,000 SGD 101,453 89,170 0.05 Singapore Technologies Engineering Ltd 36,300 SGD 95,383 97,048 0.06 Suntec Real Estate Investment Trust (REIT) 62,200 SGD 83,325 84,502 0.05 United Overseas Bank Ltd 16,200 SGD 226,137 272,105 0.17 UOL Group Ltd 15,654 SGD 67,214 86,886 0.05 Wilmar International Ltd 71,000 SGD 173,350 172,797 0.11 990,134 1,059,169 0.64

South Korea SK Telecom Co Ltd 609 KRW 120,408 141,585 0.09

Spain Viscofan SA 897 EUR 52,385 53,249 0.03

Sweden ICA Gruppen AB 2,773 SEK 101,606 102,747 0.06

Switzerland Allreal Holding AG 308 CHF 39,925 55,873 0.03 Baloise Holding AG 1,072 CHF 140,244 167,231 0.10 Banque Cantonale Vaudoise 61 CHF 40,160 45,379 0.03 Barry Callebaut AG 75 CHF 99,862 103,982 0.06 Cembra Money Bank AG 605 CHF 36,840 57,501 0.03 Coca-Cola HBC AG 6,937 GBP 205,957 204,849 0.12 EMS-Chemie Holding AG 168 CHF 84,593 124,364 0.07 Flughafen Zurich AG 625 CHF 113,545 154,353 0.09 Kuehne + Nagel International AG 1,709 CHF 240,662 285,722 0.17 Novartis AG 4,198 CHF 312,521 353,339 0.22 Pargesa Holding SA 646 CHF 40,129 49,273 0.03 PSP Swiss Property AG 922 CHF 80,694 86,376 0.05 Roche Holding AG 1,365 CHF 295,696 348,238 0.22 Roche Holding AG 793 CHF 209,793 204,963 0.12 Schindler Holding AG 715 CHF 126,942 151,760 0.09 Sunrise Communications Group AG ‘144A’ 724 CHF 43,593 57,153 0.03 Swiss Prime Site AG 1,493 CHF 117,234 136,435 0.08 Swisscom AG 770 CHF 385,382 375,254 0.24 2,613,772 2,962,045 1.78

Taiwan Asustek Computer Inc 20,000 TWD 177,090 189,021 0.11 Chicony Electronics Co Ltd 18,000 TWD 45,281 45,621 0.03 China Development Financial Holding Corp 429,000 TWD 107,060 124,526 0.07

141 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

China Steel Corp 266,000 TWD 177,814 216,420 0.13 Chunghwa Telecom Co Ltd 120,000 TWD 403,642 426,037 0.26 Compal Electronics Inc 89,000 TWD 55,406 59,977 0.04 CTBC Financial Holding Co Ltd 439,560 TWD 228,050 288,272 0.17 E.Sun Financial Holding Co Ltd 323,775 TWD 186,933 199,033 0.12 Far EasTone Telecommunications Co Ltd 50,000 TWD 110,767 127,383 0.08 First Financial Holding Co Ltd 293,730 TWD 143,038 196,496 0.12 Highwealth Construction Corp 30,000 TWD 44,225 49,704 0.03 Hua Nan Financial Holdings Co Ltd 239,000 TWD 124,463 138,670 0.08 Lite-On Technology Corp 71,000 TWD 118,075 116,700 0.07 Pegatron Corp 76,000 TWD 244,325 238,094 0.14 President Chain Store Corp 14,000 TWD 103,951 125,871 0.08 SinoPac Financial Holdings Co Ltd 253,050 TWD 78,900 77,362 0.05 Taishin Financial Holding Co Ltd 276,000 TWD 104,430 125,661 0.08 Taiwan Cooperative Financial Holding Co Ltd 269,970 TWD 112,848 143,327 0.09 Taiwan Mobile Co Ltd 46,000 TWD 147,494 173,143 0.10 United Microelectronics Corp 420,000 TWD 157,959 203,649 0.12 Wistron Corp 88,000 TWD 88,002 89,533 0.05 2,959,753 3,354,500 2.02

Thailand Advanced Info Service PCL (Foreign Market) 36,300 THB 164,217 189,675 0.11 Airports of Thailand PCL (Foreign Market) 131,000 THB 150,972 182,212 0.11 PTT Exploration & Production PCL (Foreign Market) 31,700 THB 78,925 80,487 0.05 Thai Beverage PCL (Foreign Market) 251,600 SGD 150,647 164,508 0.10 Thai Union Group PCL (Foreign Market) 64,500 THB 40,055 40,063 0.02 584,816 656,945 0.39

Turkey BIM Birlesik Magazalar AS 8,049 TRY 149,557 149,329 0.09

United Arab Emirates Emaar Properties PJSC 40,688 AED 87,840 86,184 0.05 Emirates Telecommunications Group Co PJSC 28,006 AED 147,939 131,911 0.08 235,779 218,095 0.13

United Kingdom Informa Plc 4,993 GBP 44,513 43,436 0.03 JD Sports Fashion Plc 8,990 GBP 34,435 40,603 0.02 Reckitt Benckiser Group Plc 4,053 GBP 383,626 408,749 0.24 STERIS Plc 2,600 USD 190,322 212,290 0.13 652,896 705,078 0.42

United States of America Abbott Laboratories 1,393 USD 37,489 68,257 0.04 ABM Industries Inc 1,900 USD 82,340 79,173 0.05 Acxiom Corp 2,300 USD 62,053 59,731 0.04 Aetna Inc 5,000 USD 674,409 762,450 0.46 AGNC Investment Corp (REIT) 9,100 USD 167,881 194,285 0.12 ALLETE Inc 1,600 USD 117,398 116,096 0.07 Alliant Energy Corp 4,800 USD 171,459 194,880 0.12 Allstate Corp/The 2,300 USD 158,817 203,251 0.12 Altria Group Inc 10,900 USD 752,407 812,704 0.49 Ameren Corp 3,200 USD 163,381 175,584 0.11 Ameris Bancorp 1,200 USD 53,312 58,800 0.04 Amphenol Corp ‘A’ 7,600 USD 493,990 559,056 0.34 Annaly Capital Management Inc (REIT) 20,300 USD 208,340 244,209 0.15 AptarGroup Inc 1,800 USD 151,232 156,528 0.09 Aramark 7,400 USD 278,885 301,846 0.18 AT&T Inc 17,600 USD 678,155 663,344 0.40 Automatic Data Processing Inc 2,000 USD 197,980 205,240 0.12 Avery Dennison Corp 3,100 USD 274,546 274,598 0.17

142 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Avista Corp 1,300 USD 50,988 55,367 0.03 Becton Dickinson and Co 400 USD 72,590 78,320 0.05 Bemis Co Inc 2,800 USD 144,008 129,472 0.08 Beneficial Bancorp Inc 2,300 USD 33,940 34,960 0.02 Black Hills Corp 1,600 USD 99,640 108,768 0.07 Booz Allen Hamilton Holding Corp ‘A’ 4,100 USD 160,423 132,389 0.08 Bright Horizons Family Solutions Inc 1,500 USD 103,026 116,355 0.07 Broadridge Financial Solutions Inc 2,500 USD 140,417 187,825 0.11 Brocade Communications Systems Inc 8,900 USD 90,540 112,407 0.07 BWX Technologies Inc 2,300 USD 76,544 111,642 0.07 Camden Property Trust (REIT) 3,100 USD 271,364 267,003 0.16 Capitol Federal Financial Inc 2,700 USD 34,813 38,178 0.02 CH Robinson Worldwide Inc 4,300 USD 322,327 292,228 0.18 Chemed Corp 400 USD 59,201 82,324 0.05 Chimera Investment Corp (REIT) 4,500 USD 69,099 84,240 0.05 Church & Dwight Co Inc 5,600 USD 256,305 290,976 0.17 Churchill Downs Inc 400 USD 60,558 73,120 0.04 Cintas Corp 2,100 USD 227,073 263,823 0.16 CMS Energy Corp 9,300 USD 394,149 433,613 0.26 Coca-Cola Co/The 14,900 USD 674,278 671,096 0.40 Colgate-Palmolive Co 11,400 USD 827,577 847,590 0.51 Columbia Banking System Inc 1,400 USD 57,182 56,126 0.03 Consolidated Edison Inc 2,100 USD 155,237 170,667 0.10 Corning Inc 25,700 USD 607,167 774,084 0.47 Corporate Office Properties Trust (REIT) 2,000 USD 50,775 70,160 0.04 CR Bard Inc 600 USD 149,156 189,990 0.11 Danaher Corp 2,100 USD 168,240 177,051 0.11 DaVita Inc 2,400 USD 184,036 155,184 0.09 DCT Industrial Trust Inc (REIT) 3,300 USD 182,138 176,418 0.11 DigitalGlobe Inc 1,200 USD 38,023 40,320 0.02 Dolby Laboratories Inc ‘A’ 1,700 USD 92,736 84,337 0.05 Dollar General Corp 1,100 USD 93,572 78,474 0.05 Dr Pepper Snapple Group Inc 1,000 USD 93,868 91,430 0.05 DST Systems Inc 2,000 USD 118,954 121,940 0.07 DTE Energy Co 1,500 USD 144,993 159,885 0.10 EastGroup Properties Inc (REIT) 700 USD 39,506 58,856 0.04 EchoStar Corp 1,000 USD 44,493 60,790 0.04 Edison International 6,600 USD 462,337 520,542 0.31 El Paso Electric Co 1,200 USD 56,805 62,280 0.04 Eli Lilly & Co 1,600 USD 136,341 132,048 0.08 Equity Commonwealth (REIT) 4,100 USD 130,739 129,109 0.08 Euronet Worldwide Inc 1,700 USD 142,218 148,087 0.09 Eversource Energy 1,500 USD 85,151 91,590 0.06 Expeditors International of Washington Inc 5,500 USD 269,706 308,990 0.19 F5 Networks Inc 1,500 USD 148,545 190,305 0.11 FedEx Corp 200 USD 38,484 43,386 0.03 First Industrial Realty Trust Inc (REIT) 3,800 USD 98,667 108,452 0.07 Gaming and Leisure Properties Inc (REIT) 6,900 USD 266,599 259,578 0.16 General Mills Inc 11,100 USD 679,968 611,166 0.37 Genuine Parts Co 700 USD 66,436 64,449 0.04 Grand Canyon Education Inc 1,700 USD 133,870 133,093 0.08 Great Plains Energy Inc 7,600 USD 230,981 223,440 0.13 Hanover Insurance Group Inc/The 1,300 USD 102,011 115,635 0.07 Harris Corp 3,800 USD 352,833 416,138 0.25 Hawaiian Electric Industries Inc 3,800 USD 120,810 122,968 0.07 Healthcare Services Group Inc 2,400 USD 93,135 111,984 0.07 HEICO Corp 875 USD 55,656 61,915 0.04 Henry Schein Inc 1,800 USD 301,734 329,472 0.20 Highwoods Properties Inc (REIT) 3,300 USD 171,306 166,320 0.10 Hill-Rom Holdings Inc 2,100 USD 168,142 166,593 0.10 Home Depot Inc/The 1,300 USD 193,124 198,965 0.12 ICU Medical Inc 500 USD 86,036 85,850 0.05 IDACORP Inc 1,500 USD 112,785 128,865 0.08

143 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Ingredion Inc 2,000 USD 263,846 236,740 0.14 InterDigital Inc/PA 800 USD 41,797 63,240 0.04 Intuitive Surgical Inc 600 USD 399,911 559,314 0.34 Jack Henry & Associates Inc 2,400 USD 198,584 249,504 0.15 JM Smucker Co/The 500 USD 64,249 59,150 0.04 Johnson & Johnson 9,100 USD 1,009,559 1,209,389 0.73 Kearny Financial Corp/MD 2,800 USD 38,020 41,580 0.02 Kellogg Co 5,500 USD 413,119 381,865 0.23 Kimberly-Clark Corp 600 USD 68,643 77,724 0.05 Laboratory Corp of America Holdings 3,100 USD 371,286 475,106 0.29 Lancaster Colony Corp 500 USD 65,264 61,020 0.04 Leidos Holdings Inc 2,600 USD 137,024 134,550 0.08 Lexington Realty Trust (REIT) 4,500 USD 37,676 44,595 0.03 Masimo Corp 1,500 USD 138,970 137,220 0.08 MDU Resources Group Inc 5,900 USD 151,119 155,937 0.09 MEDNAX Inc 800 USD 55,476 48,776 0.03 Merck & Co Inc 11,700 USD 613,498 751,608 0.45 Meredith Corp 1,200 USD 66,623 70,890 0.04 MFA Financial Inc (REIT) 8,800 USD 66,209 74,008 0.04 MGE Energy Inc 1,000 USD 57,382 64,300 0.04 Mid-America Apartment Communities Inc (REIT) 497 USD 41,186 52,354 0.03 Monogram Residential Trust Inc (REIT) 3,600 USD 35,759 35,172 0.02 Motorola Solutions Inc 5,100 USD 391,144 442,833 0.27 National Instruments Corp 3,500 USD 136,367 139,965 0.08 NeuStar Inc ‘A’ 1,600 USD 43,094 53,440 0.03 New York REIT Inc (REIT) 5,200 USD 49,477 44,616 0.03 New York Times Co/The 2,900 USD 36,942 50,968 0.03 NIC Inc 1,900 USD 44,241 36,005 0.02 Northrop Grumman Corp 4,800 USD 1,041,251 1,233,167 0.74 Northwest Bancshares Inc 2,200 USD 29,071 34,166 0.02 NorthWestern Corp 1,700 USD 104,273 104,550 0.06 OGE Energy Corp 6,700 USD 241,046 234,433 0.14 Otter Tail Corp 1,200 USD 42,232 48,060 0.03 Owens & Minor Inc 1,300 USD 51,925 41,821 0.03 Paychex Inc 10,700 USD 599,587 609,258 0.37 PepsiCo Inc 9,800 USD 1,016,144 1,137,094 0.68 Pfizer Inc 21,200 USD 653,718 712,532 0.43 Philip Morris International Inc 5,300 USD 511,285 621,902 0.37 Pinnacle Foods Inc 3,000 USD 145,853 180,030 0.11 Pinnacle West Capital Corp 3,700 USD 277,611 316,646 0.19 Plantronics Inc 1,000 USD 52,197 52,720 0.03 PNM Resources Inc 2,800 USD 100,208 107,800 0.06 Portland General Electric Co 3,000 USD 132,627 137,760 0.08 Procter & Gamble Co/The 11,500 USD 990,948 1,002,570 0.60 PS Business Parks Inc (REIT) 700 USD 91,873 92,869 0.06 Public Service Enterprise Group Inc 5,200 USD 232,718 224,172 0.13 Quest Diagnostics Inc 4,300 USD 366,114 478,676 0.29 Reinsurance Group of America Inc ‘A’ 1,900 USD 233,661 245,632 0.15 Republic Services Inc ‘A’ 7,300 USD 368,068 464,791 0.28 ResMed Inc 3,000 USD 176,393 233,370 0.14 Ross Stores Inc 12,800 USD 865,691 737,024 0.44 SCANA Corp 3,100 USD 209,406 209,963 0.13 Service Corp International/US 6,600 USD 186,955 219,318 0.13 ServiceMaster Global Holdings Inc 4,500 USD 182,840 176,985 0.11 ServisFirst Bancshares Inc 1,400 USD 52,260 51,422 0.03 Sonoco Products Co 3,000 USD 146,001 153,390 0.09 Southern Co/The 13,600 USD 684,693 657,832 0.40 Southern Copper Corp 3,100 USD 109,719 107,942 0.06 Spectrum Brands Holdings Inc 400 USD 54,849 49,908 0.03 Spirit AeroSystems Holdings Inc ‘A’ 900 USD 43,735 52,101 0.03 STAG Industrial Inc (REIT) 3,000 USD 84,728 82,590 0.05 Starwood Property Trust Inc (REIT) 9,200 USD 208,953 206,264 0.12 Stryker Corp 700 USD 91,956 97,412 0.06

144 EASTSPRING INVESTMENTS

GLOBAL MARKET NAVIGATOR FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Synopsys Inc 4,600 USD 261,751 336,168 0.20 Sysco Corp 12,400 USD 575,297 621,488 0.37 Teleflex Inc 300 USD 44,353 61,785 0.04 Terreno Realty Corp (REIT) 1,400 USD 38,301 46,816 0.03 Tetra Tech Inc 1,800 USD 68,096 82,530 0.05 Torchmark Corp 3,200 USD 227,493 244,224 0.15 Two Harbors Investment Corp (REIT) 10,500 USD 90,365 104,475 0.06 Ulta Beauty Inc 600 USD 172,431 171,006 0.10 UniFirst Corp/MA 500 USD 71,006 70,825 0.04 United Parcel Service Inc ‘B’ 9,700 USD 1,051,399 1,069,425 0.64 UnitedHealth Group Inc 7,200 USD 991,370 1,338,119 0.81 Varex Imaging Corp 1,120 USD 26,651 37,957 0.02 Varian Medical Systems Inc 2,800 USD 206,190 289,996 0.17 Vector Group Ltd 1,995 USD 43,732 42,474 0.03 Vectren Corp 2,500 USD 124,045 147,300 0.09 Verizon Communications Inc 12,800 USD 674,378 568,000 0.34 VMware Inc 1,000 USD 90,465 87,340 0.05 Washington Federal Inc 2,000 USD 44,233 66,900 0.04 Washington Real Estate Investment Trust (REIT) 1,500 USD 41,397 48,225 0.03 Waste Management Inc 13,600 USD 866,479 997,832 0.60 WEC Energy Group Inc 6,800 USD 396,831 419,900 0.25 WellCare Health Plans Inc 1,300 USD 152,153 232,947 0.14 WSFS Financial Corp 900 USD 39,672 41,220 0.02 Xcel Energy Inc 14,400 USD 594,776 665,712 0.40 38,127,347 41,599,363 25.03

Total Shares 78,852,847 85,605,044 51.46

Total Investments 153,969,483 161,583,784 97.14

Other Net Assets 4,756,216 2.86

Total Net Assets 166,340,000 100.00

145 Eastspring Investments – Global Multi Asset Income Plus Growth Fund(*) (“Global Multi Asset Income Plus Growth Fund”)

EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland iShares Core EURO STOXX 50 UCITS ETF EUR Acc 24,399 EUR 2,969,590 2,911,566 1.99 iShares Core MSCI EM IMI UCITS ETF USD Acc - ETF 113,481 USD 2,944,924 2,953,899 2.02 iShares J.P. Morgan USD EM Bond UCITS ETF 51,596 USD 5,877,446 5,824,673 3.99 11,791,960 11,690,138 8.00

Luxembourg Eastspring Investments - Global Emerging Markets Bond Fund 1,541,690 USD 19,211,713 21,920,207 15.03 Eastspring Investments - Global Low Volatility Equity Fund 482,969 USD 5,105,471 5,987,366 4.10 24,317,184 27,907,573 19.13

Total Mutual Funds 36,109,144 39,597,711 27.13

BONDS

Australia FMG Resources August 2006 Pty Ltd 4.75% 15/5/2022 ‘144A’ 35,000 USD 35,081 35,411 0.03 FMG Resources August 2006 Pty Ltd 5.125% 15/5/2024 ‘144A’ 35,000 USD 35,000 35,086 0.02 70,081 70,497 0.05

Austria JBS Investments GmbH 7.25% 3/4/2024 ‘144A’ 200,000 USD 196,205 178,500 0.12

Bermuda Aircastle Ltd 4.125% 1/5/2024 185,000 USD 184,999 188,238 0.13 Aircastle Ltd 5% 1/4/2023 116,000 USD 120,706 123,975 0.08 Aircastle Ltd 5.5% 15/2/2022 150,000 USD 152,483 162,000 0.11 NCL Corp Ltd 4.75% 15/12/2021 ‘144A’ 134,000 USD 134,000 138,690 0.10 Weatherford International Ltd 8.25% 15/6/2023 100,000 USD 100,000 99,500 0.07 Weatherford International Ltd 9.875% 15/2/2024 ‘144A’ 100,000 USD 107,231 104,000 0.07 799,419 816,403 0.56

Brazil Brazilian Government International Bond 4.25% 7/1/2025 700,000 USD 659,844 686,875 0.47

Canada Bombardier Inc 6.125% 15/1/2023 ‘144A’ 100,000 USD 91,376 100,250 0.07 Bombardier Inc 8.75% 1/12/2021 ‘144A’ 200,000 USD 198,247 222,249 0.16 Cenovus Energy Inc 6.75% 15/11/2039 100,000 USD 110,486 104,375 0.07 GFL Environmental Inc 9.875% 1/2/2021 ‘144A’ 100,000 USD 102,432 108,750 0.07 Lions Gate Entertainment Corp 5.875% 1/11/2024 ‘144A’ 70,000 USD 70,000 73,150 0.05 MDC Partners Inc 6.5% 1/5/2024 ‘144A’ 185,000 USD 178,329 184,075 0.13 MEG Energy Corp 6.5% 15/1/2025 ‘144A’ 47,000 USD 47,000 42,418 0.03 Precision Drilling Corp 7.75% 15/12/2023 ‘144A’ 30,000 USD 30,000 29,850 0.02 Telesat Canada / Telesat LLC 8.875% 15/11/2024 ‘144A’ 93,000 USD 93,000 104,393 0.07 Trinidad Drilling Ltd 6.625% 15/2/2025 ‘144A’ 24,000 USD 24,000 22,740 0.02 Valeant Pharmaceuticals International Inc 5.5% 1/3/2023 ‘144A’ 100,000 USD 74,693 85,000 0.06 Valeant Pharmaceuticals International Inc 6.125% 15/4/2025 ‘144A’ 243,000 USD 210,955 205,334 0.14 Valeant Pharmaceuticals International Inc 6.5% 15/3/2022 ‘144A’ 16,000 USD 16,000 16,800 0.01 Valeant Pharmaceuticals International Inc 7% 15/3/2024 ‘144A’ 47,000 USD 47,000 49,703 0.03 1,293,518 1,349,087 0.93

Cayman Islands Noble Holding International Ltd 7.7% 1/4/2025 150,000 USD 122,219 115,125 0.08 Transocean Inc 9% 15/7/2023 ‘144A’ 100,000 USD 97,846 104,000 0.07 Transocean Proteus Ltd 6.25% 1/12/2024 ‘144A’ 116,850 USD 115,097 119,187 0.08 Vale Overseas Ltd 4.375% 11/1/2022 150,000 USD 132,279 152,625 0.11 Vale Overseas Ltd 6.25% 10/8/2026 100,000 USD 104,731 108,250 0.07 572,172 599,187 0.41

146 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Colombia Colombia Government International Bond 8.125% 21/5/2024 150,000 USD 179,173 191,535 0.13

Costa Rica Costa Rica Government International Bond 4.25% 26/1/2023 ‘144A’ 400,000 USD 390,889 389,500 0.27

Croatia Croatia Government International Bond 6% 26/1/2024 ‘144A’ 200,000 USD 221,475 224,500 0.15

France SFR Group SA 7.375% 1/5/2026 ‘144A’ 200,000 USD 204,379 215,250 0.15

Hungary Hungary Government International Bond 5.375% 25/3/2024 300,000 USD 332,312 339,000 0.23

Ireland Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 15/2/2025 ‘144A’ 200,000 USD 200,000 209,500 0.14

Italy Enel SpA FRN 24/9/2073 ‘144A’ 200,000 USD 219,836 237,500 0.16

Luxembourg Altice Finco SA 7.625% 15/2/2025 ‘144A’ 200,000 USD 196,962 215,000 0.15 ArcelorMittal 6.75% 25/2/2022 75,000 USD 83,742 84,375 0.06 Gazprom OAO Via Gaz Capital SA 6.51% 7/3/2022 ‘144A’ 250,000 USD 267,529 275,608 0.19 Intelsat Jackson Holdings SA 5.5% 1/8/2023 200,000 USD 141,015 165,250 0.11 Intelsat Jackson Holdings SA 8% 15/2/2024 ‘144A’ 80,000 USD 80,585 86,200 0.06 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 4.875% 15/4/2020 ‘144A’ 60,000 USD 58,393 58,650 0.04 Nielsen Co Luxembourg SARL/The 5% 1/2/2025 ‘144A’ 71,000 USD 71,000 73,041 0.05 Telecom Italia Capital SA 6% 30/9/2034 100,000 USD 105,114 105,500 0.07 Telecom Italia Capital SA 7.175% 18/6/2019 100,000 USD 107,119 108,875 0.07 1,111,459 1,172,499 0.80

Malta VistaJet Malta Finance Plc / VistaJet Co Finance LLC 7.75% 1/6/2020 ‘144A’ 200,000 USD 123,437 140,000 0.10

Mexico Mexico Government International Bond 4.125% 21/1/2026 400,000 USD 419,806 416,394 0.29

Netherlands CNH Industrial NV 4.5% 15/8/2023 50,000 USD 50,558 53,000 0.04 Petrobras Global Finance BV 4.375% 20/5/2023 550,000 USD 454,509 517,688 0.34 Schaeffler Finance BV 4.75% 15/5/2023 ‘144A’ 50,000 USD 50,633 51,625 0.04 Ziggo Bond Finance BV 6% 15/1/2027 ‘144A’ 200,000 USD 200,000 201,750 0.14 755,700 824,063 0.56

Russia Russian Foreign Bond - Eurobond 4.875% 16/9/2023 ‘144A’ 400,000 USD 425,205 430,000 0.29

Serbia Serbia International Bond 4.875% 25/2/2020 ‘144A’ 400,000 USD 410,529 417,598 0.29

Turkey Turkey Government International Bond 4.25% 14/4/2026 550,000 USD 540,437 523,188 0.36

United Kingdom EnQuest Plc 7% 15/4/2022 ‘144A’’EMTN’ 308,785 USD 203,052 232,361 0.16 Ensco Plc 5.2% 15/3/2025 100,000 USD 65,349 79,000 0.05 Royal Bank of Scotland Group Plc 6.1% 10/6/2023 150,000 USD 154,901 165,085 0.11 Sensata Technologies UK Financing Co Plc 6.25% 15/2/2026 ‘144A’ 200,000 USD 211,744 216,750 0.15 635,046 693,196 0.47

147 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

United States of America ACCO Brands Corp 5.25% 15/12/2024 ‘144A’ 48,000 USD 48,000 49,920 0.03 Advanced Disposal Services Inc 5.625% 15/11/2024 ‘144A’ 25,000 USD 25,000 25,750 0.02 AES Corp/VA 6% 15/5/2026 100,000 USD 100,000 107,000 0.07 Ally Financial Inc 5.125% 30/9/2024 400,000 USD 417,648 421,999 0.29 Alta Mesa Holdings LP / Alta Mesa Finance Services Corp 7.875% 15/12/2024 ‘144A’ 84,000 USD 84,000 84,630 0.06 AMC Entertainment Holdings Inc 5.75% 15/6/2025 200,000 USD 203,948 207,500 0.14 AMC Entertainment Holdings Inc 5.875% 15/11/2026 ‘144A’ 35,000 USD 35,000 36,444 0.02 AMC Entertainment Holdings Inc 6.125% 15/5/2027 ‘144A’ 54,000 USD 54,000 57,105 0.04 American Greetings Corp 7.875% 15/2/2025 ‘144A’ 23,000 USD 22,841 24,783 0.02 APX Group Inc 6.375% 1/12/2019 64,000 USD 64,571 65,760 0.05 Aramark Services Inc 5.125% 15/1/2024 100,000 USD 105,206 105,000 0.07 Arconic Inc 5.4% 15/4/2021 75,000 USD 79,993 78,750 0.05 B&G Foods Inc 5.25% 1/4/2025 13,000 USD 13,000 13,276 0.01 Bank of America Corp FRN Perpetual 50,000 USD 52,190 54,313 0.04 Bank of America Corp FRN Perpetual 100,000 USD 100,000 111,750 0.08 Beazer Homes USA Inc 6.75% 15/3/2025 44,000 USD 44,000 45,980 0.03 Beazer Homes USA Inc 7.25% 1/2/2023 100,000 USD 99,120 104,625 0.07 BlueLine Rental Finance Corp / BlueLine Rental LLC 9.25% 15/3/2024 ‘144A’ 33,000 USD 33,000 34,320 0.02 Builders FirstSource Inc 10.75% 15/8/2023 ‘144A’ 100,000 USD 97,119 116,000 0.08 BWAY Holding Co 5.5% 15/4/2024 ‘144A’ 200,000 USD 200,000 203,750 0.14 Cablevision Systems Corp 5.875% 15/9/2022 50,000 USD 46,757 51,938 0.04 Calpine Corp 5.375% 15/1/2023 200,000 USD 197,586 194,000 0.13 Calumet Specialty Products Partners LP / Calumet Finance Corp 7.75% 15/4/2023 125,000 USD 83,852 109,063 0.07 Calumet Specialty Products Partners LP / Calumet Finance Corp 11.5% 15/1/2021 ‘144A’ 135,000 USD 133,258 156,094 0.11 Carrizo Oil & Gas Inc 6.25% 15/4/2023 73,000 USD 62,288 69,533 0.05 Carrizo Oil & Gas Inc 8.25% 15/7/2025 43,000 USD 43,000 43,000 0.03 CBS Radio Inc 7.25% 1/11/2024 ‘144A’ 31,000 USD 31,000 32,085 0.02 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 1/5/2027 ‘144A’ 133,000 USD 133,649 136,159 0.09 CCO Holdings LLC / CCO Holdings Capital Corp 5.375% 1/5/2025 ‘144A’ 100,000 USD 100,642 106,500 0.07 CDW LLC / CDW Finance Corp 5% 1/9/2025 15,000 USD 15,000 15,563 0.01 CenturyLink Inc 5.8% 15/3/2022 Series T 150,000 USD 149,682 155,813 0.11 Chemours Co/The 5.375% 15/5/2027 22,000 USD 21,794 22,680 0.02 Cheniere Corpus Christi Holdings LLC 5.125% 30/6/2027 ‘144A’ 52,000 USD 52,060 53,170 0.04 Cheniere Corpus Christi Holdings LLC 5.875% 31/3/2025 99,000 USD 99,000 105,683 0.07 Chesapeake Energy Corp 8% 15/12/2022 ‘144A’ 92,000 USD 85,268 96,600 0.07 Chobani LLC / Chobani Finance Corp Inc 7.5% 15/4/2025 ‘144A’ 49,000 USD 49,000 51,573 0.04 CHS/Community Health Systems Inc 6.875% 1/2/2022 100,000 USD 91,448 87,000 0.06 Cinemark USA Inc 4.875% 1/6/2023 50,000 USD 50,631 51,125 0.04 CIT Group Inc 5% 1/8/2023 200,000 USD 204,135 215,249 0.15 Citgo Holding Inc 10.75% 15/2/2020 ‘144A’ 50,000 USD 49,526 54,500 0.04 Citigroup Inc FRN Perpetual Series R 100,000 USD 100,049 107,250 0.07 Citigroup Inc FRN Perpetual Series T 142,000 USD 142,000 157,265 0.11 CommScope Technologies LLC 6% 15/6/2025 ‘144A’ 150,000 USD 152,437 161,063 0.11 Cott Holdings Inc 5.5% 1/4/2025 ‘144A’ 86,000 USD 86,000 87,505 0.06 CSC Holdings LLC 5.5% 15/4/2027 ‘144A’ 200,000 USD 212,949 211,499 0.14 CyrusOne LP / CyrusOne Finance Corp 5% 15/3/2024 ‘144A’ 25,000 USD 25,000 25,688 0.02 Dell International LLC / EMC Corp 5.875% 15/6/2021 ‘144A’ 100,000 USD 100,000 104,750 0.07 Denbury Resources Inc 4.625% 15/7/2023 150,000 USD 109,222 79,500 0.05 Denbury Resources Inc 5.5% 1/5/2022 47,000 USD 34,776 26,320 0.02 Diamondback Energy Inc 4.75% 1/11/2024 ‘144A’ 14,000 USD 14,000 13,895 0.01 DISH DBS Corp 7.75% 1/7/2026 100,000 USD 100,000 118,250 0.08 DJO Finco Inc / DJO Finance LLC / DJO Finance Corp 8.125% 15/6/2021 ‘144A’ 200,000 USD 188,619 186,500 0.13 Dollar Tree Inc 5.75% 1/3/2023 100,000 USD 105,682 105,000 0.07 Dynegy Inc 5.875% 1/6/2023 100,000 USD 83,627 93,250 0.06 Dynegy Inc 7.625% 1/11/2024 55,000 USD 54,374 53,488 0.04 Dynegy Inc 8% 15/1/2025 ‘144A’ 87,000 USD 87,000 84,390 0.06 Eldorado Resorts Inc 6% 1/4/2025 ‘144A’ 37,000 USD 37,000 39,128 0.03

148 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Endo Finance LLC / Endo Finco Inc 5.375% 15/1/2023 ‘144A’ 200,000 USD 171,225 167,500 0.11 Energy Transfer Equity LP 5.875% 15/1/2024 200,000 USD 193,466 211,999 0.15 EnLink Midstream Partners LP 4.85% 15/7/2026 100,000 USD 100,390 104,250 0.07 Envision Healthcare Corp 6.25% 1/12/2024 ‘144A’ 39,000 USD 39,000 41,633 0.03 EP Energy LLC / Everest Acquisition Finance Inc 6.375% 15/6/2023 62,000 USD 31,901 34,410 0.02 EP Energy LLC / Everest Acquisition Finance Inc 8% 29/11/2024 ‘144A’ 60,000 USD 60,000 59,700 0.04 EP Energy LLC / Everest Acquisition Finance Inc 8% 15/2/2025 ‘144A’ 100,000 USD 92,597 73,500 0.05 EP Energy LLC / Everest Acquisition Finance Inc 9.375% 1/5/2020 150,000 USD 116,657 116,625 0.08 Equinix Inc 5.375% 15/5/2027 159,000 USD 166,125 169,931 0.12 ESH Hospitality Inc 5.25% 1/5/2025 ‘144A’ 50,000 USD 49,356 51,813 0.04 FelCor Lodging LP 5.625% 1/3/2023 50,000 USD 51,494 51,938 0.04 First Data Corp 5% 15/1/2024 ‘144A’ 100,000 USD 102,815 102,750 0.07 First Data Corp 7% 1/12/2023 ‘144A’ 100,000 USD 104,561 106,375 0.07 FirstEnergy Transmission LLC 4.35% 15/1/2025 ‘144A’ 150,000 USD 153,514 157,721 0.11 Flex Acquisition Co Inc 6.875% 15/1/2025 ‘144A’ 36,000 USD 36,000 37,350 0.03 Florida East Coast Holdings Corp 6.75% 1/5/2019 ‘144A’ 100,000 USD 101,020 102,625 0.07 Freeport-McMoRan Inc 5.4% 14/11/2034 300,000 USD 197,838 269,249 0.18 Frontier Communications Corp 11% 15/9/2025 250,000 USD 257,443 231,249 0.16 GenOn Americas Generation LLC 8.5% 1/10/2021 (Defaulted) 200,000 USD 177,391 179,500 0.12 Goldman Sachs Group Inc/The FRN Perpetual 150,000 USD 144,579 159,375 0.11 Goodyear Tire & Rubber Co/The 4.875% 15/3/2027 53,000 USD 53,000 53,795 0.04 Goodyear Tire & Rubber Co/The 5.125% 15/11/2023 65,000 USD 67,221 68,088 0.05 HCA Inc 5.25% 15/6/2026 200,000 USD 205,520 216,499 0.15 HCA Inc 5.875% 15/2/2026 175,000 USD 189,663 189,000 0.13 Hearthside Group Holdings LLC/Hearthside Finance Co 6.5% 1/5/2022 ‘144A’ 100,000 USD 101,492 101,000 0.07 Hexion Inc 6.625% 15/4/2020 100,000 USD 89,231 90,750 0.06 Hexion Inc 10.375% 1/2/2022 ‘144A’ 37,000 USD 37,467 36,630 0.03 Hill-Rom Holdings Inc 5% 15/2/2025 ‘144A’ 41,000 USD 41,000 41,923 0.03 Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 1/4/2027 ‘144A’ 201,000 USD 201,000 209,543 0.14 Hughes Satellite Systems Corp 6.625% 1/8/2026 125,000 USD 135,273 134,688 0.09 IASIS Healthcare LLC / IASIS Capital Corp 8.375% 15/5/2019 100,000 USD 99,512 100,500 0.07 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6.75% 1/2/2024 60,000 USD 62,652 62,550 0.04 iHeartCommunications Inc 9% 1/3/2021 100,000 USD 78,344 75,250 0.05 Infor Software Parent LLC / Infor Software Parent Inc 7.125% 1/5/2021 ‘144A’ 100,000 USD 100,263 103,250 0.07 JPMorgan Chase & Co FRN Perpetual 100,000 USD 101,203 104,500 0.07 KB Home 7.5% 15/9/2022 100,000 USD 107,886 113,000 0.08 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.75% 1/6/2027 ‘144A’ 108,000 USD 109,954 109,890 0.08 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 5.25% 1/6/2026 ‘144A’ 58,000 USD 60,143 61,045 0.04 Kindred Healthcare Inc 8% 15/1/2020 200,000 USD 199,813 210,749 0.14 Koppers Inc 6% 15/2/2025 ‘144A’ 26,000 USD 26,000 27,658 0.02 L Brands Inc 5.625% 15/2/2022 200,000 USD 214,502 213,999 0.15 Landry’s Inc 6.75% 15/10/2024 ‘144A’ 202,000 USD 205,992 206,545 0.14 Level 3 Financing Inc 5.375% 1/5/2025 200,000 USD 206,338 210,000 0.14 Liberty Interactive LLC 8.5% 15/7/2029 100,000 USD 103,748 110,500 0.08 Live Nation Entertainment Inc 4.875% 1/11/2024 ‘144A’ 76,000 USD 76,000 76,855 0.05 M/I Homes Inc 6.75% 15/1/2021 150,000 USD 149,863 157,500 0.11 Masco Corp 4.375% 1/4/2026 99,000 USD 98,590 105,398 0.07 Men’s Wearhouse Inc/The 7% 1/7/2022 150,000 USD 133,112 133,125 0.09 Meritor Inc 6.25% 15/2/2024 100,000 USD 87,895 104,375 0.07 MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc 4.5% 1/9/2026 100,000 USD 100,222 100,500 0.07 Micron Technology Inc 5.5% 1/2/2025 200,000 USD 187,397 210,500 0.14 Mohegan Gaming & Entertainment 7.875% 15/10/2024 ‘144A’ 50,000 USD 49,979 52,000 0.04 MPH Acquisition Holdings LLC 7.125% 1/6/2024 ‘144A’ 225,000 USD 240,245 240,749 0.16 Nabors Industries Inc 5.5% 15/1/2023 ‘144A’ 23,000 USD 23,000 21,793 0.01 Navient Corp 6.125% 25/3/2024 ‘MTN’ 200,000 USD 190,880 206,627 0.14 Navient Corp 6.5% 15/6/2022 47,000 USD 46,981 49,930 0.03 Navistar International Corp 8.25% 1/11/2021 100,000 USD 75,439 101,000 0.07 Netflix Inc 5.75% 1/3/2024 100,000 USD 107,323 109,250 0.07

149 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

NuStar Logistics LP 4.75% 1/2/2022 100,000 USD 84,771 101,000 0.07 Olin Corp 5.125% 15/9/2027 83,000 USD 83,000 85,490 0.06 Ortho-Clinical Diagnostics Inc / Ortho-Clinical Diagnostics SA 6.625% 15/5/2022 ‘144A’ 100,000 USD 88,545 95,375 0.07 Owens-Brockway Glass Container Inc 5.875% 15/8/2023 ‘144A’ 100,000 USD 107,308 110,750 0.08 Parsley Energy LLC / Parsley Finance Corp 5.25% 15/8/2025 ‘144A’ 25,000 USD 25,118 24,875 0.02 Penn National Gaming Inc 5.625% 15/1/2027 ‘144A’ 30,000 USD 30,000 30,413 0.02 PetSmart Inc 8.875% 1/6/2025 ‘144A’ 100,000 USD 99,588 91,750 0.06 Post Holdings Inc 5% 15/8/2026 ‘144A’ 86,000 USD 82,950 85,785 0.06 Prime Security Services Borrower LLC / Prime Finance Inc 9.25% 15/5/2023 ‘144A’ 200,000 USD 208,331 217,499 0.15 PVH Corp 4.5% 15/12/2022 50,000 USD 51,308 51,625 0.04 Quintiles IMS Inc 5% 15/10/2026 ‘144A’ 200,000 USD 209,385 206,000 0.14 Rackspace Hosting Inc 8.625% 15/11/2024 ‘144A’ 40,000 USD 40,000 42,500 0.03 Radiate Holdco LLC / Radiate Finance Inc 6.625% 15/2/2025 ‘144A’ 39,000 USD 39,000 39,195 0.03 Rain CII Carbon LLC / CII Carbon Corp 7.25% 1/4/2025 ‘144A’ 200,000 USD 198,560 205,750 0.14 Regal Entertainment Group 5.75% 15/3/2022 50,000 USD 51,214 52,250 0.04 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 6.875% 15/2/2021 64,814 USD 66,956 66,596 0.05 Rite Aid Corp 6.125% 1/4/2023 ‘144A’ 50,000 USD 53,501 48,750 0.03 Sabine Pass Liquefaction LLC 5.625% 1/3/2025 50,000 USD 50,864 55,250 0.04 Sally Holdings LLC / Sally Capital Inc 5.75% 1/6/2022 50,000 USD 52,221 51,188 0.04 Scientific Games International Inc 10% 1/12/2022 125,000 USD 108,319 136,875 0.09 Scotts Miracle-Gro Co/The 5.25% 15/12/2026 5,000 USD 5,000 5,225 0.00 Silgan Holdings Inc 4.75% 15/3/2025 ‘144A’ 105,000 USD 105,000 107,625 0.07 Sinclair Television Group Inc 5.125% 15/2/2027 ‘144A’ 150,000 USD 146,164 145,500 0.10 Sirius XM Radio Inc 6% 15/7/2024 ‘144A’ 200,000 USD 211,799 212,999 0.15 Six Flags Entertainment Corp 4.875% 31/7/2024 ‘144A’ 28,000 USD 27,729 28,140 0.02 SM Energy Co 5% 15/1/2024 100,000 USD 59,181 88,500 0.06 Spectrum Brands Inc 5.75% 15/7/2025 50,000 USD 53,763 53,500 0.04 Sprint Corp 7.875% 15/9/2023 450,000 USD 399,682 517,499 0.36 Standard Industries Inc/NJ 5% 15/2/2027 ‘144A’ 176,000 USD 176,000 178,860 0.12 Steel Dynamics Inc 5.125% 1/10/2021 100,000 USD 101,360 102,875 0.07 Summit Midstream Holdings LLC / Summit Midstream Finance Corp 5.75% 15/4/2025 93,000 USD 93,000 93,698 0.06 Talen Energy Supply LLC 4.6% 15/12/2021 200,000 USD 160,519 153,000 0.10 Tempo Acquisition LLC / Tempo Acquisition Finance Corp 6.75% 1/6/2025 ‘144A’ 30,000 USD 30,000 30,675 0.02 Tenet Healthcare Corp 4.375% 1/10/2021 20,000 USD 20,096 20,300 0.01 Tenet Healthcare Corp 6.75% 15/6/2023 300,000 USD 291,643 299,249 0.20 Terex Corp 5.625% 1/2/2025 ‘144A’ 87,000 USD 87,000 89,393 0.06 T-Mobile USA Inc 6% 1/3/2023 250,000 USD 258,870 264,687 0.18 Toll Brothers Finance Corp 4.875% 15/3/2027 200,000 USD 200,000 207,250 0.14 United Rentals North America Inc 6.125% 15/6/2023 150,000 USD 153,624 156,375 0.11 United States Treasury Bill 0% 20/7/2017 9,976,700 USD 9,972,666 9,972,598 6.83 Univision Communications Inc 5.125% 15/2/2025 ‘144A’ 100,000 USD 100,233 98,750 0.07 Viacom Inc FRN 28/2/2057 65,000 USD 65,000 67,600 0.05 WellCare Health Plans Inc 5.25% 1/4/2025 113,000 USD 113,000 118,933 0.08 Western Digital Corp 10.5% 1/4/2024 200,000 USD 214,595 235,749 0.16 WideOpenWest Finance LLC / WideOpenWest Capital Corp 10.25% 15/7/2019 88,000 USD 86,260 90,530 0.06 Williams Cos Inc/The 4.55% 24/6/2024 125,000 USD 129,817 127,663 0.09 Windstream Services LLC 6.375% 1/8/2023 200,000 USD 172,862 164,000 0.11 Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 5.5% 1/3/2025 ‘144A’ 100,000 USD 97,438 105,250 0.07 Zayo Group LLC / Zayo Capital Inc 5.75% 15/1/2027 ‘144A’ 74,000 USD 76,253 77,515 0.05 27,261,955 27,974,025 19.17

Venezuela Petroleos de Venezuela SA 5.375% 12/4/2027 600,000 USD 264,608 218,250 0.15

Total Bonds 37,287,485 38,316,547 26.25

150 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

SHARES

Australia Amcor Ltd/Australia 5,003 AUD 50,113 62,348 0.04 ASX Ltd 1,109 AUD 33,539 45,707 0.03 Aurizon Holdings Ltd 9,154 AUD 27,095 37,721 0.03 BHP Billiton Ltd 4,566 AUD 52,330 81,720 0.06 Caltex Australia Ltd 2,729 AUD 70,425 66,319 0.05 Incitec Pivot Ltd 9,501 AUD 19,495 24,908 0.02 Insurance Australia Group Ltd 34,447 AUD 139,003 179,551 0.11 LendLease Group 2,766 AUD 26,267 35,406 0.02 Orica Ltd 2,304 AUD 23,572 36,630 0.03 Rio Tinto Ltd 2,888 AUD 102,827 140,476 0.10 Sonic Healthcare Ltd 1,680 AUD 22,029 31,282 0.02 Suncorp Group Ltd 5,810 AUD 46,731 66,196 0.05 Telstra Corp Ltd 44,751 AUD 170,369 147,938 0.09 Wesfarmers Ltd 4,549 AUD 127,003 140,309 0.10 Woodside Petroleum Ltd 3,276 AUD 60,429 75,229 0.05 Woolworths Ltd 5,356 AUD 86,542 105,165 0.07 1,057,769 1,276,905 0.87

Bermuda CK Infrastructure Holdings Ltd 7,000 HKD 64,813 58,825 0.04 Invesco Ltd 3,800 USD 110,269 133,836 0.09 175,082 192,661 0.13

Brazil Ambev SA 47,100 BRL 244,766 260,136 0.17 BB Seguridade Participacoes SA 4,600 BRL 29,242 39,402 0.03 BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros 9,370 BRL 51,388 55,884 0.04 BRF SA 2,100 BRL 35,866 24,491 0.02 CCR SA 10,800 BRL 58,086 54,004 0.04 Itausa - Investimentos Itau SA - Pref 27,100 BRL 74,832 73,445 0.05 494,180 507,362 0.35

Canada Agrium Inc 700 USD 61,618 63,070 0.04 Bank of Montreal 3,000 USD 169,821 220,530 0.15 Bank of Nova Scotia/The 5,500 USD 237,286 331,430 0.23 BCE Inc 4,200 CAD 193,405 189,522 0.13 BCE Inc Npv 1,000 USD 43,663 45,140 0.03 Canadian Imperial Bank of Commerce 5,400 CAD 413,055 440,017 0.30 CI Financial Corp 1,800 CAD 33,877 38,508 0.03 Enbridge Inc 2,755 USD 83,073 110,365 0.08 Great-West Lifeco Inc 1,100 CAD 26,963 29,694 0.02 Manulife Financial Corp 14,600 CAD 261,124 274,384 0.19 Pembina Pipeline Corp 1,000 CAD 30,030 32,997 0.02 Potash Corp of Saskatchewan Inc 3,700 USD 64,029 60,070 0.04 Power Corp of Canada 3,000 CAD 63,484 68,416 0.05 Royal Bank of Canada 1,700 CAD 122,247 123,861 0.08 Royal Bank Of Canada Npv 6,300 USD 329,148 459,143 0.32 Shaw Communications Inc 7,800 CAD 154,737 170,178 0.12 Sun Life Financial Inc 4,300 CAD 146,900 152,766 0.10 Suncor Energy Inc 3,400 USD 85,230 100,232 0.07 TELUS Corp 2,400 USD 74,196 82,920 0.06 Thomson Reuters Corp 2,900 CAD 115,390 134,955 0.09 TransCanada Corp 3,300 USD 121,311 157,641 0.11 2,830,587 3,285,839 2.26

151 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Cayman Islands China Resources Land Ltd 24,000 HKD 67,624 69,944 0.05 CK Hutchison Holdings Ltd 11,500 HKD 140,354 144,372 0.09 Sands China Ltd 24,400 HKD 109,086 111,744 0.08 317,064 326,060 0.22

China Agricultural Bank of China Ltd ‘H’ 404,000 HKD 171,069 190,970 0.13 Bank of China Ltd ‘H’ 331,000 HKD 126,214 162,400 0.11 China Construction Bank Corp ‘H’ 552,000 HKD 357,275 427,812 0.29 China Merchants Bank Co Ltd ‘H’ 23,000 HKD 44,414 69,387 0.05 China Pacific Insurance Group Co Ltd ‘H’ 15,800 HKD 59,042 64,566 0.04 China Petroleum & Chemical Corp ‘H’ 100,000 HKD 58,485 78,015 0.05 Industrial & Commercial Bank of China Ltd ‘H’ 675,000 HKD 388,286 455,693 0.32 1,204,785 1,448,843 0.99

Finland Elisa OYJ 809 EUR 29,436 31,406 0.02 Fortum OYJ 2,227 EUR 30,175 35,213 0.02 Kone OYJ 2,045 EUR 98,307 103,991 0.07 Neste Oyj 1,715 EUR 68,086 67,970 0.05 Nokian Renkaat OYJ 1,911 EUR 66,391 78,903 0.05 Sampo Oyj ‘A’ 2,607 EUR 116,280 134,655 0.10 Stora Enso OYJ 3,407 EUR 30,964 43,945 0.03 UPM-Kymmene OYJ 4,394 EUR 88,585 125,300 0.09 Wartsila OYJ Abp 1,032 EUR 43,092 60,897 0.04 571,316 682,280 0.47

France AXA SA 14,602 EUR 332,206 404,882 0.28 Bouygues SA 985 EUR 39,001 41,801 0.03 Cie de Saint-Gobain 2,149 EUR 85,217 115,528 0.08 Cie Generale des Etablissements Michelin 1,053 EUR 100,344 141,355 0.10 CNP Assurances 1,341 EUR 20,433 30,434 0.02 Edenred 1,020 EUR 17,956 26,767 0.02 Eutelsat Communications SA 746 EUR 23,192 19,245 0.01 Rexel SA 1,489 EUR 17,792 24,445 0.02 Sanofi 10,108 EUR 817,753 977,434 0.66 Schneider Electric SE 2,631 EUR 150,466 202,985 0.14 SCOR SE 1,488 EUR 48,443 59,670 0.04 TOTAL SA 19,052 EUR 892,864 949,886 0.65 Unibail-Rodamco SE (REIT) 257 EUR 60,035 65,344 0.04 Vinci SA 2,389 EUR 168,890 204,921 0.14 2,774,592 3,264,697 2.23

Germany Allianz SE 3,995 EUR 647,534 792,341 0.53 Axel Springer SE 536 EUR 27,228 32,364 0.02 BASF SE 7,738 EUR 610,272 721,382 0.48 Daimler AG 4,753 EUR 331,282 344,979 0.24 Deutsche Boerse AG 761 EUR 63,462 80,300 0.06 Deutsche Post AG 9,288 EUR 334,611 350,279 0.24 Hannover Rueck SE 320 EUR 33,684 38,625 0.03 HUGO BOSS AG 319 EUR 17,905 22,603 0.02 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1,500 EUR 287,926 304,783 0.21 ProSiebenSat.1 Media SE 895 EUR 47,246 37,833 0.03 Siemens AG 3,170 EUR 299,741 438,037 0.30 TUI AG 1,724 GBP 22,052 25,164 0.02 2,722,943 3,188,690 2.18

152 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Hong Kong BOC Hong Kong Holdings Ltd 15,500 HKD 40,524 74,162 0.05 China Everbright Ltd 10,000 HKD 19,500 21,777 0.01 China Overseas Land & Investment Ltd 22,000 HKD 64,924 64,397 0.04 CLP Holdings Ltd 16,000 HKD 157,381 169,301 0.12 CNOOC Ltd 81,000 HKD 86,295 88,718 0.06 Hang Seng Bank Ltd 12,700 HKD 225,202 265,675 0.18 Henderson Land Development Co Ltd 18,000 HKD 103,688 100,420 0.07 MTR Corp Ltd 12,000 HKD 67,547 67,561 0.05 New World Development Co Ltd 37,000 HKD 31,626 46,971 0.03 Power Assets Holdings Ltd 9,000 HKD 85,659 79,494 0.05 Sun Hung Kai Properties Ltd 14,000 HKD 186,891 205,707 0.14 Swire Pacific Ltd ‘A’ 4,000 HKD 39,465 39,071 0.03 Wharf Holdings Ltd/The 8,000 HKD 40,656 66,306 0.05 1,149,358 1,289,560 0.88

Indonesia Hanjaya Mandala Sampoerna Tbk PT 221,600 IDR 64,461 63,849 0.04

International HKT Trust & HKT Ltd 52,000 HKD 68,086 68,212 0.05

Ireland Eaton Corp Plc 4,400 USD 288,037 341,968 0.23 James Hardie Industries Plc 2,366 AUD 30,042 37,289 0.03 Seagate Technology Plc 1,200 USD 39,888 46,512 0.03 357,967 425,769 0.29

Italy Italgas SpA 2,292 EUR 11,157 11,616 0.01 Snam SpA 11,464 EUR 52,737 50,713 0.03 Terna Rete Elettrica Nazionale SpA 11,615 EUR 62,183 63,084 0.05 126,077 125,413 0.09

Japan Bridgestone Corp 3,200 JPY 109,896 138,113 0.09 Canon Inc 7,100 JPY 202,402 241,605 0.17 Daito Trust Construction Co Ltd 600 JPY 83,115 93,606 0.06 FANUC Corp 600 JPY 87,071 115,864 0.08 ITOCHU Corp 7,300 JPY 85,806 108,647 0.07 Japan Airlines Co Ltd 3,200 JPY 99,337 99,133 0.07 Japan Tobacco Inc 11,100 JPY 358,784 390,688 0.28 KDDI Corp 3,500 JPY 96,369 92,853 0.06 Lawson Inc 300 JPY 23,005 21,027 0.01 Marubeni Corp 7,600 JPY 37,591 49,189 0.03 Mitsui & Co Ltd 7,500 JPY 86,105 107,377 0.07 Nissan Motor Co Ltd 13,100 JPY 126,632 130,603 0.09 NTT DOCOMO Inc 12,000 JPY 284,273 283,788 0.19 Sekisui House Ltd 2,900 JPY 47,791 51,191 0.04 Subaru Corp 2,900 JPY 110,470 97,908 0.07 1,838,647 2,021,592 1.38

Jersey WPP Plc 6,881 GBP 145,227 144,719 0.10

Luxembourg Tenaris SA 1,612 EUR 17,995 25,120 0.02

Malaysia Axiata Group Bhd 16,670 MYR 23,886 18,757 0.01 British American Tobacco Malaysia Bhd 5,700 MYR 59,883 57,655 0.04

153 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

DiGi.Com Bhd 66,600 MYR 80,013 77,574 0.05 Malayan Banking Bhd 21,765 MYR 45,070 48,827 0.03 Maxis Bhd 11,300 MYR 16,821 14,610 0.01 MISC Bhd 51,000 MYR 92,950 88,631 0.06 Public Bank Bhd 7,800 MYR 34,682 36,923 0.03 Sime Darby Bhd 18,900 MYR 34,940 41,827 0.03 388,245 384,804 0.26

Mexico Kimberly-Clark de Mexico SAB de CV 15,500 MXN 34,198 32,990 0.02

Netherlands Aegon NV 13,266 EUR 62,441 68,642 0.05 Boskalis Westminster 759 EUR 27,980 24,800 0.02 Koninklijke Philips NV 3,922 EUR 103,008 139,912 0.10 LyondellBasell Industries NV ‘A’ 2,900 USD 234,659 245,195 0.17 Randstad Holding NV 731 EUR 30,853 42,634 0.03 458,941 521,183 0.37

Norway Gjensidige Forsikring ASA 1,015 NOK 15,470 17,244 0.01 Orkla ASA 3,590 NOK 30,287 36,232 0.02 Statoil ASA 5,007 NOK 73,359 82,858 0.06 Telenor ASA 3,225 NOK 48,773 52,946 0.04 167,889 189,280 0.13

Panama Carnival Corp 600 USD 29,169 39,444 0.03

Poland Bank Pekao SA 651 PLN 24,599 21,988 0.02 Powszechny Zaklad Ubezpieczen SA 3,341 PLN 28,782 40,583 0.02 53,381 62,571 0.04

Portugal EDP - Energias de Portugal SA 12,433 EUR 38,818 40,738 0.02 Galp Energia SGPS SA 2,436 EUR 27,220 36,862 0.03 66,038 77,600 0.05

Russia Gazprom PJSC 44,222 USD 93,683 88,422 0.06 Gazprom PJSC ADR 34,903 USD 132,689 137,693 0.09 MMC Norilsk Nickel PJSC ADR 3,238 USD 39,969 44,603 0.03 Moscow Exchange MICEX-RTS PJSC 12,090 USD 20,636 21,332 0.01 PhosAgro PJSC GDR 2,914 USD 37,385 38,902 0.03 Surgutneftegas OJSC ADR 9,226 USD 48,728 39,644 0.03 Tatneft PJSC ADR 1,760 USD 47,622 66,070 0.05 420,712 436,666 0.30

Singapore ComfortDelGro Corp Ltd 13,000 SGD 27,809 21,722 0.01 DBS Group Holdings Ltd 7,339 SGD 77,229 110,581 0.08 Keppel Corp Ltd 8,300 SGD 31,426 37,928 0.03 Oversea-Chinese Banking Corp Ltd 22,200 SGD 132,776 174,024 0.12 Singapore Exchange Ltd 14,000 SGD 74,763 74,655 0.05 Singapore Technologies Engineering Ltd 32,300 SGD 76,602 86,354 0.06 Singapore Telecommunications Ltd 44,000 SGD 117,859 124,347 0.09 United Overseas Bank Ltd 14,200 SGD 188,636 238,511 0.15 727,100 868,122 0.59

154 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

South Africa Barclays Africa Group Ltd 2,435 ZAR 21,546 26,515 0.02 FirstRand Ltd 17,482 ZAR 51,789 63,303 0.04 Growthpoint Properties Ltd (REIT) 54,421 ZAR 101,095 101,666 0.08 Liberty Holdings Ltd 5,458 ZAR 48,041 47,159 0.03 Life Healthcare Group Holdings Ltd 31,915 ZAR 90,073 62,250 0.04 MMI Holdings Ltd/South Africa 15,562 ZAR 25,969 23,955 0.02 Mondi Ltd 3,576 ZAR 70,779 92,312 0.06 Mr Price Group Ltd 1,340 ZAR 21,623 15,947 0.01 MTN Group Ltd 7,115 ZAR 62,253 62,100 0.04 Nedbank Group Ltd 1,585 ZAR 22,489 25,140 0.02 Rand Merchant Investment Holdings Ltd 11,473 ZAR 36,646 34,062 0.02 RMB Holdings Ltd 7,223 ZAR 26,910 32,535 0.02 Sanlam Ltd 11,542 ZAR 41,303 57,457 0.04 Sasol Ltd 1,999 ZAR 54,189 55,964 0.04 Standard Bank Group Ltd 6,585 ZAR 46,919 72,077 0.05 Vodacom Group Ltd 3,222 ZAR 30,564 40,153 0.03 752,188 812,595 0.56

South Korea Hyundai Motor Co - Pref 243 KRW 21,921 24,743 0.02 KT&G Corp 473 KRW 41,634 48,368 0.03 SK Telecom Co Ltd 92 KRW 16,721 21,389 0.01 80,276 94,500 0.06

Spain Abertis Infraestructuras SA 2,118 EUR 31,812 39,248 0.03 Enagas SA 799 EUR 22,675 22,602 0.02 Endesa SA 7,873 EUR 164,539 184,031 0.13 Ferrovial SA 5,433 EUR 110,134 120,976 0.08 Gas Natural SDG SA 1,793 EUR 31,618 42,198 0.03 Red Electrica Corp SA 12,050 EUR 257,116 253,791 0.17 Repsol SA 4,960 EUR 50,653 76,557 0.05 668,547 739,403 0.51

Sweden Alfa Laval AB 3,617 SEK 53,650 73,812 0.05 Atlas Copco AB 1,836 SEK 38,815 63,607 0.04 Electrolux AB 1,089 SEK 25,762 35,686 0.02 Hennes & Mauritz AB 5,782 SEK 180,831 146,118 0.11 Industrivarden AB 1,539 SEK 23,903 36,957 0.03 Sandvik AB 4,975 SEK 45,410 78,032 0.05 Skanska AB 2,906 SEK 64,379 69,060 0.05 SKF AB 1,633 SEK 27,180 33,189 0.02 Swedish Match AB 974 SEK 31,497 34,437 0.02 Telia Co AB 10,654 SEK 49,913 49,272 0.03 541,340 620,170 0.42

Switzerland ABB Ltd 17,768 CHF 369,439 441,778 0.30 Adecco Group AG 1,322 CHF 88,103 101,180 0.07 Baloise Holding AG 434 CHF 67,729 67,704 0.05 Garmin Ltd 1,200 USD 56,682 61,104 0.04 Givaudan SA 38 CHF 70,942 76,364 0.05 Kuehne + Nagel International AG 385 CHF 51,520 64,367 0.04 LafargeHolcim Ltd 1,152 CHF 66,692 66,609 0.05 Nestle SA 13,311 CHF 960,796 1,169,775 0.80 Novartis AG 16,593 CHF 1,231,473 1,396,609 0.97 Roche Holding AG 5,211 CHF 1,322,700 1,329,428 0.91 SGS SA 58 CHF 121,481 141,359 0.10 Swiss Life Holding AG 251 CHF 67,012 85,424 0.06 Swiss Prime Site AG 1,018 CHF 79,763 93,028 0.06

155 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Swiss Re AG 3,078 CHF 275,183 284,012 0.19 Swisscom AG 469 CHF 226,822 228,563 0.16 Zurich Insurance Group AG 765 CHF 156,545 224,121 0.15 5,212,882 5,831,425 4.00

Taiwan Advanced Semiconductor Engineering Inc 34,000 TWD 38,489 43,646 0.03 Asustek Computer Inc 4,000 TWD 32,964 37,804 0.03 Catcher Technology Co Ltd 7,000 TWD 56,777 83,646 0.06 Cathay Financial Holding Co Ltd 71,000 TWD 90,569 116,933 0.08 Cheng Shin Rubber Industry Co Ltd 52,000 TWD 101,548 110,598 0.08 Chunghwa Telecom Co Ltd 13,000 TWD 41,402 46,154 0.03 CTBC Financial Holding Co Ltd 104,000 TWD 59,897 68,205 0.05 Delta Electronics Inc 10,000 TWD 40,602 54,734 0.04 Far EasTone Telecommunications Co Ltd 12,000 TWD 25,107 30,572 0.02 First Financial Holding Co Ltd 105,000 TWD 54,999 70,242 0.05 Fubon Financial Holding Co Ltd 64,000 TWD 89,102 101,933 0.07 Hon Hai Precision Industry Co Ltd 125,300 TWD 297,569 481,923 0.33 MediaTek Inc 11,000 TWD 79,512 94,198 0.06 Nanya Technology Corp 17,000 TWD 20,276 30,625 0.02 Novatek Microelectronics Corp 6,000 TWD 21,580 24,260 0.02 Pou Chen Corp 21,000 TWD 26,498 29,063 0.02 Realtek Semiconductor Corp 6,000 TWD 21,866 21,598 0.01 Siliconware Precision Industries Co Ltd 14,000 TWD 21,137 22,620 0.02 Taiwan Mobile Co Ltd 9,000 TWD 28,119 33,876 0.02 Taiwan Semiconductor Manufacturing Co Ltd 173,000 TWD 934,845 1,185,749 0.80 Uni-President Enterprises Corp 45,000 TWD 76,365 90,237 0.06 WPG Holdings Ltd 40,000 TWD 46,985 53,386 0.04 2,206,208 2,832,002 1.94

Thailand Bangkok Bank PCL (Foreign Market) 12,000 THB 66,469 69,591 0.05 Glow Energy PCL NVDR 31,200 THB 71,426 72,329 0.05 Siam Cement PCL/The (Foreign Market) 5,500 THB 81,220 81,601 0.05 219,115 223,521 0.15

Turkey Tofas Turk Otomobil Fabrikasi AS 2,782 TRY 21,672 22,858 0.02

United Arab Emirates Emirates Telecommunications Group Co PJSC 19,298 AED 97,944 90,896 0.07 First Abu Dhabi Bank PJSC 7,450 AED 20,629 21,297 0.01 118,573 112,193 0.08

United Kingdom Aberdeen Asset Management Plc 5,747 GBP 19,912 22,615 0.02 Admiral Group Plc 878 GBP 21,744 22,829 0.02 AstraZeneca Plc 9,471 GBP 547,633 636,281 0.43 BAE Systems Plc 33,525 GBP 233,640 276,134 0.19 Barratt Developments Plc 9,860 GBP 61,220 72,791 0.05 Berkeley Group Holdings Plc 626 GBP 22,440 26,307 0.02 British American Tobacco Plc 15,274 GBP 918,707 1,044,370 0.71 BT Group Plc 63,684 GBP 381,120 243,295 0.17 Centrica Plc 21,000 GBP 62,455 55,065 0.04 Cobham Plc 11,056 GBP 34,302 18,605 0.01 Direct Line Insurance Group Plc 5,571 GBP 31,982 25,826 0.02 easyJet Plc 1,611 GBP 21,907 28,573 0.02 G4S Plc 8,760 GBP 25,832 37,336 0.03 GlaxoSmithKline Plc 5,232 GBP 103,757 111,701 0.08 Hammerson Plc (REIT) 3,588 GBP 27,897 26,675 0.02 IMI Plc 3,445 GBP 43,202 53,368 0.04 Imperial Brands Plc 3,652 GBP 195,211 164,916 0.11

156 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Inmarsat Plc 6,053 GBP 59,657 60,550 0.04 Investec Plc 2,981 GBP 20,498 22,201 0.02 ITV Plc 38,833 GBP 105,836 91,497 0.06 Kingfisher Plc 20,145 GBP 92,659 79,248 0.05 Legal & General Group Plc 35,670 GBP 114,623 120,050 0.08 Marks & Spencer Group Plc 6,765 GBP 40,827 29,579 0.02 Meggitt Plc 4,178 GBP 24,536 26,003 0.02 National Grid Plc 27,202 GBP 411,977 338,393 0.23 NEX Group Plc 1,835 GBP 11,657 14,844 0.01 Pearson Plc 3,346 GBP 40,822 30,259 0.02 Persimmon Plc 1,364 GBP 42,325 40,013 0.03 Rio Tinto Plc 7,627 GBP 238,701 322,846 0.22 Rolls-Royce Holdings Plc 3,279 GBP 31,388 38,161 0.03 Royal Dutch Shell Plc ‘A’ 2,509 GBP 57,862 66,652 0.05 Smiths Group Plc 5,966 GBP 107,855 123,230 0.08 SSE Plc 4,152 GBP 81,176 78,866 0.05 Standard Life Plc 13,625 GBP 59,883 71,113 0.05 Tate & Lyle Plc 8,947 GBP 85,960 76,847 0.05 TechnipFMC PLC 894 EUR 22,361 24,431 0.02 TP ICAP Plc 1,499 GBP 8,601 9,123 0.01 Unilever NV 13,712 EUR 585,531 758,059 0.51 Unilever Plc 9,517 GBP 403,437 515,399 0.34 William Hill Plc 4,017 GBP 23,089 13,196 0.01 5,424,222 5,817,247 3.98

United States of America AbbVie Inc 13,200 USD 807,467 957,000 0.66 Alliant Energy Corp 1,000 USD 33,985 40,600 0.03 Altria Group Inc 17,300 USD 1,191,797 1,289,888 0.88 Ameren Corp 1,000 USD 46,944 54,870 0.04 American Electric Power Co Inc 3,400 USD 213,333 238,034 0.16 Amgen Inc 600 USD 93,053 103,794 0.07 Arthur J Gallagher & Co 5,600 USD 278,328 320,544 0.22 AT&T Inc 35,100 USD 1,361,561 1,322,919 0.91 Ball Corp 110 USD 3,833 4,638 0.00 BB&T Corp 1,500 USD 66,528 68,250 0.05 Best Buy Co Inc 1,200 USD 43,870 69,300 0.05 CA Inc 4,200 USD 129,923 144,018 0.10 Campbell Soup Co 800 USD 48,903 41,720 0.03 CenterPoint Energy Inc 1,800 USD 33,616 49,626 0.03 CF Industries Holdings Inc 800 USD 19,650 21,944 0.02 Chevron Corp 1,900 USD 163,696 198,588 0.14 Cincinnati Financial Corp 700 USD 44,862 50,890 0.03 Cisco Systems Inc 40,900 USD 1,266,105 1,288,555 0.88 CME Group Inc 1,300 USD 134,147 162,903 0.11 CMS Energy Corp 1,100 USD 43,397 51,288 0.04 Coach Inc 1,900 USD 73,603 90,478 0.06 Coca-Cola Co/The 31,700 USD 1,369,656 1,427,768 0.98 ConocoPhillips 1,800 USD 62,047 79,560 0.05 Consolidated Edison Inc 3,100 USD 234,824 251,937 0.17 Cummins Inc 1,500 USD 187,323 242,760 0.17 Darden Restaurants Inc 500 USD 32,135 46,015 0.03 Dow Chemical Co/The 11,700 USD 603,061 734,643 0.50 DTE Energy Co 900 USD 75,470 95,931 0.07 Duke Energy Corp 2,900 USD 215,203 244,557 0.17 Edison International 900 USD 73,999 70,983 0.05 Emerson Electric Co 5,400 USD 285,099 320,490 0.22 Eversource Energy 3,200 USD 183,902 195,392 0.13 Exxon Mobil Corp 17,700 USD 1,445,318 1,434,761 0.98 Gap Inc/The 2,300 USD 57,615 50,370 0.03 General Mills Inc 5,100 USD 305,212 280,806 0.19 General Motors Co 5,700 USD 171,108 199,443 0.14 H&R Block Inc 900 USD 21,575 27,792 0.02

157 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Helmerich & Payne Inc 500 USD 27,388 27,130 0.02 HP Inc 5,700 USD 79,498 100,092 0.07 Intel Corp 35,900 USD 1,200,800 1,209,830 0.83 International Business Machines Corp 7,600 USD 1,111,923 1,172,528 0.80 International Paper Co 1,600 USD 58,642 89,536 0.06 Johnson & Johnson 2,900 USD 311,031 385,410 0.26 Kellogg Co 1,100 USD 81,611 76,373 0.05 Kimberly-Clark Corp 2,400 USD 313,992 310,896 0.21 KLA-Tencor Corp 600 USD 41,400 55,356 0.04 Kohl’s Corp 1,500 USD 64,925 57,180 0.04 Kraft Heinz Co/The 700 USD 62,618 60,186 0.04 L Brands Inc 1,000 USD 73,597 54,110 0.04 Las Vegas Sands Corp 3,600 USD 198,679 228,852 0.16 Leggett & Platt Inc 1,900 USD 89,244 99,465 0.07 Macy’s Inc 2,200 USD 82,771 50,380 0.03 Marathon Petroleum Corp 4,300 USD 191,783 223,815 0.15 Mattel Inc 2,400 USD 69,951 50,664 0.03 Maxim Integrated Products Inc 2,800 USD 113,846 124,992 0.09 McDonald’s Corp 6,100 USD 714,253 934,459 0.64 Merck & Co Inc 21,300 USD 1,213,957 1,368,312 0.94 Microchip Technology Inc 900 USD 40,710 69,876 0.05 Mosaic Co/The 2,400 USD 70,095 54,528 0.04 NextEra Energy Inc 4,000 USD 490,230 565,360 0.39 Occidental Petroleum Corp 1,400 USD 98,660 84,070 0.06 OGE Energy Corp 2,000 USD 60,656 69,980 0.05 Packaging Corp of America 400 USD 20,198 44,488 0.03 Paychex Inc 2,500 USD 135,917 142,350 0.10 PepsiCo Inc 3,300 USD 350,830 382,899 0.26 Pfizer Inc 41,200 USD 1,287,034 1,384,732 0.95 PG&E Corp 4,700 USD 296,744 313,208 0.21 Philip Morris International Inc 7,100 USD 657,124 833,114 0.57 Phillips 66 3,500 USD 275,742 287,735 0.20 Pinnacle West Capital Corp 1,100 USD 89,451 94,138 0.06 PPL Corp 4,700 USD 164,413 182,783 0.13 Principal Financial Group Inc 2,400 USD 140,675 155,280 0.11 Procter & Gamble Co/The 16,900 USD 1,430,875 1,473,341 1.00 Progressive Corp/The 2,700 USD 85,005 119,826 0.08 Public Service Enterprise Group Inc 4,000 USD 169,889 172,440 0.12 QUALCOMM Inc 11,100 USD 621,050 613,164 0.42 Reynolds American Inc 4,600 USD 230,815 299,460 0.21 SCANA Corp 700 USD 45,017 47,411 0.03 Southern Co/The 3,600 USD 171,015 174,132 0.12 Staples Inc 2,700 USD 26,090 27,203 0.02 Symantec Corp 2,100 USD 43,008 59,115 0.04 Sysco Corp 2,100 USD 93,625 105,252 0.07 T Rowe Price Group Inc 2,000 USD 137,327 148,800 0.10 Target Corp 4,100 USD 229,321 213,651 0.15 United Parcel Service Inc ‘B’ 600 USD 63,254 66,150 0.05 Valero Energy Corp 3,800 USD 210,744 254,638 0.17 VF Corp 3,000 USD 164,194 173,790 0.12 Viacom Inc 1,500 USD 68,989 50,370 0.03 Wal-Mart Stores Inc 1,100 USD 79,482 83,797 0.06 Waste Management Inc 2,000 USD 114,134 146,740 0.10 WEC Energy Group Inc 3,200 USD 193,339 197,600 0.14 Western Union Co/The 2,400 USD 44,701 45,576 0.03 Xcel Energy Inc 3,300 USD 131,755 152,559 0.10 26,056,165 28,242,177 19.35

Total Shares 59,562,997 66,300,874 45.41

158 EASTSPRING INVESTMENTS

GLOBAL MULTI ASSET INCOME PLUS GROWTH FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Other Transferable Securities

SHARES

Spain Repsol S.A. Rights 21/07/2017 4,960 EUR – 2,250 0.00

United Kingdom Rolls-Royce Holdings Plc Npv 232,809 GBP – 302 0.00

Total Shares – 2,552 0.00

Total Other Transferable Securities – 2,552 0.00

Total Investments 132,959,626 144,215,132 98.79

Other Net Assets 1,767,186 1.21

Total Net Assets 145,982,318 100.00

159 Eastspring Investments – Global Technology Fund(*) (“Global Technology Fund”)

EASTSPRING INVESTMENTS

GLOBAL TECHNOLOGY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Cayman Islands Alibaba Group Holding Ltd ADR 37,983 USD 3,390,799 5,334,712 4.24 Silicon Motion Technology Corp ADR 14,712 USD 739,152 726,626 0.58 Tencent Holdings Ltd 122,653 HKD 1,937,456 4,386,842 3.49 6,067,407 10,448,180 8.31

Finland Nokia OYJ 314,155 EUR 1,863,599 1,932,751 1.54

France Criteo SA ADR 16,182 USD 696,602 771,234 0.61

Netherlands ASM International NV 10,248 EUR 420,290 598,868 0.48 Yandex NV ‘A’ 39,645 USD 935,605 1,037,113 0.82 1,355,895 1,635,981 1.30

Singapore Broadcom Ltd 17,034 USD 1,921,296 3,984,423 3.17 Flex Ltd 91,098 USD 1,484,260 1,469,411 1.17 3,405,556 5,453,834 4.34

South Korea Samsung Electronics Co Ltd 2,616 KRW 3,190,958 5,434,805 4.32 Samsung Electronics Co Ltd - Pref 247 KRW 202,982 401,970 0.32 WONIK IPS Co Ltd 3,408 KRW 55,598 88,316 0.07 3,449,538 5,925,091 4.71

United Kingdom Alfa Financial Software Holdings Plc ‘144A’ 74,548 GBP 310,023 453,913 0.36 Auto Trader Group Plc ‘144A’ 206,184 GBP 951,389 1,023,239 0.82 1,261,412 1,477,152 1.18

United States of America Activision Blizzard Inc 37,046 USD 1,152,186 2,123,106 1.69 Adobe Systems Inc 20,861 USD 1,874,712 2,949,328 2.35 Alphabet Inc ‘A’ 7,123 USD 3,922,153 6,672,969 5.31 Alphabet Inc ‘C’ 5,564 USD 2,160,113 5,094,844 4.05 Amazon.com Inc 1,615 USD 932,210 1,579,292 1.26 Apple Inc 72,459 USD 5,794,135 10,465,253 8.31 Applied Materials Inc 42,780 USD 848,561 1,768,525 1.41 Cavium Inc 18,006 USD 1,050,283 1,129,336 0.90 CDW Corp/DE 33,532 USD 1,563,425 2,100,444 1.67 Cisco Systems Inc 126,647 USD 3,421,519 3,990,014 3.17 Cognizant Technology Solutions Corp ‘A’ 23,537 USD 878,569 1,567,564 1.25 Dolby Laboratories Inc ‘A’ 12,146 USD 594,696 602,563 0.48 DXC Technology Co 14,770 USD 1,161,444 1,150,878 0.92 eBay Inc 55,290 USD 1,784,654 1,923,539 1.53 Electronic Arts Inc 17,455 USD 1,098,594 1,855,117 1.48 EPAM Systems Inc 9,944 USD 657,851 831,716 0.66 Expedia Inc 8,464 USD 1,092,333 1,256,396 1.00 Facebook Inc ‘A’ 56,626 USD 4,297,772 8,525,044 6.77 Fidelity National Information Services Inc 19,702 USD 1,194,482 1,680,581 1.34 FleetCor Technologies Inc 7,692 USD 687,105 1,125,109 0.89 HP Inc 98,157 USD 1,392,844 1,723,637 1.37 IAC/InterActiveCorp 13,307 USD 1,053,618 1,367,960 1.09 Mastercard Inc 28,583 USD 1,546,189 3,480,266 2.77

160 EASTSPRING INVESTMENTS

GLOBAL TECHNOLOGY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Micron Technology Inc 67,116 USD 1,141,551 2,024,219 1.61 Microsoft Corp 99,311 USD 3,551,977 6,860,404 5.46 Priceline Group Inc/The 641 USD 804,698 1,205,157 0.96 PTC Inc 19,870 USD 1,043,238 1,098,215 0.87 Red Hat Inc 16,186 USD 1,057,130 1,549,971 1.23 salesforce.com Inc 27,961 USD 1,818,558 2,422,541 1.93 ServiceNow Inc 19,411 USD 1,524,428 2,036,214 1.62 Texas Instruments Inc 35,934 USD 2,719,895 2,764,762 2.20 Universal Display Corp 7,757 USD 429,148 850,555 0.68 Visa Inc ‘A’ 48,878 USD 2,075,252 4,605,774 3.66 Western Digital Corp 18,543 USD 1,122,558 1,682,963 1.34 Xilinx Inc 23,294 USD 1,346,958 1,495,475 1.19 58,794,839 93,559,731 74.42

Total Shares 76,894,848 121,203,954 96.41

Total Investments 76,894,848 121,203,954 96.41

Other Net Assets 4,509,945 3.59

Total Net Assets 125,713,899 100.00

161 Eastspring Investments – Greater China Equity Fund (“Greater China Equity Fund”)

EASTSPRING INVESTMENTS

GREATER CHINA EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Cayman Islands Alibaba Group Holding Ltd ADR 89,000 USD 7,575,842 12,500,050 8.90 Autohome Inc ADR 63,200 USD 2,109,082 2,826,936 2.01 Baidu Inc ADR 12,100 USD 2,221,100 2,163,843 1.54 China Resources Cement Holdings Ltd 3,620,000 HKD 1,544,713 1,799,280 1.28 CK Hutchison Holdings Ltd 286,520 HKD 3,060,714 3,596,991 2.56 ENN Energy Holdings Ltd 297,000 HKD 1,449,050 1,791,991 1.28 MGM China Holdings Ltd 1,081,200 HKD 2,082,408 2,404,441 1.71 Pacific Textiles Holdings Ltd 994,000 HKD 1,113,481 1,147,280 0.82 Tencent Holdings Ltd 382,000 HKD 5,827,578 13,662,718 9.74 WH Group Ltd 2,578,000 HKD 2,044,577 2,602,361 1.85 29,028,545 44,495,891 31.69

China Bank of China Ltd ‘H’ 8,363,000 HKD 3,453,050 4,103,167 2.92 China Construction Bank Corp ‘H’ 7,419,260 HKD 5,475,103 5,750,085 4.09 China Longyuan Power Group Corp Ltd ‘H’ 2,853,000 HKD 2,251,236 2,075,910 1.48 China Merchants Bank Co Ltd ‘H’ 229,000 HKD 528,594 690,852 0.49 China National Building Material Co Ltd ‘H’ 1,644,000 HKD 1,087,023 977,188 0.70 China Pacific Insurance Group Co Ltd ‘H’ 662,600 HKD 2,634,307 2,707,700 1.93 China Petroleum & Chemical Corp ‘H’ 3,644,400 HKD 2,956,665 2,843,163 2.02 China Railway Signal & Communication Corp Ltd ‘H’ 1,947,000 HKD 1,480,038 1,501,484 1.07 Dongfeng Motor Group Co Ltd ‘H’ 1,416,000 HKD 1,745,836 1,674,262 1.19 Industrial & Commercial Bank of China Ltd ‘H’ 7,586,765 HKD 4,536,201 5,121,835 3.65 Ping An Insurance Group Co of China Ltd ‘H’ 646,000 HKD 4,252,352 4,257,712 3.03 Poly Real Estate Group Co Ltd ‘H’ 1,460,686 CNY 2,144,826 2,146,772 1.53 Sinopec Engineering Group Co Ltd ‘H’ 2,795,500 HKD 2,693,425 2,521,103 1.80 35,238,656 36,371,233 25.90

Hong Kong AIA Group Ltd 837,000 HKD 3,847,230 6,117,014 4.35 BOC Hong Kong Holdings Ltd 550,000 HKD 1,507,827 2,631,550 1.87 China Mobile Ltd 109,500 HKD 1,275,493 1,162,158 0.83 China Overseas Land & Investment Ltd 746,000 HKD 2,453,476 2,183,652 1.56 CNOOC Ltd 2,253,000 HKD 3,443,614 2,467,662 1.76 Fosun International Ltd 1,016,000 HKD 1,525,815 1,587,859 1.13 Hang Lung Properties Ltd 982,000 HKD 2,417,230 2,453,039 1.75 Power Assets Holdings Ltd 273,000 HKD 2,240,113 2,411,322 1.72 Shanghai Industrial Holdings Ltd 870,000 HKD 2,625,601 2,574,480 1.83 Sun Hung Kai Properties Ltd 249,490 HKD 3,246,383 3,665,852 2.61 24,582,782 27,254,588 19.41

Taiwan Advanced Semiconductor Engineering Inc 1,396,345 TWD 1,353,589 1,792,482 1.28 Asustek Computer Inc 232,000 TWD 2,156,950 2,192,638 1.56 Basso Industry Corp 724,000 TWD 2,019,008 2,023,013 1.44 CTBC Financial Holding Co Ltd 4,934,110 TWD 2,660,897 3,235,883 2.30 Eclat Textile Co Ltd 83,000 TWD 783,732 1,012,262 0.72 Fubon Financial Holding Co Ltd 1,104,000 TWD 1,569,811 1,758,344 1.25 Hon Hai Precision Industry Co Ltd 1,426,816 TWD 3,232,431 5,487,758 3.91 Taiwan Semiconductor Manufacturing Co Ltd 1,861,165 TWD 5,565,507 12,756,516 9.09 19,341,925 30,258,896 21.55

Total Shares 108,191,908 138,380,608 98.55

162 EASTSPRING INVESTMENTS

GREATER CHINA EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Other Transferable Securities

SHARES

Bermuda Euro-Asia Agricultural Holdings Co Ltd 562,000 HKD 115,340 – –

Cayman Islands China High Precision Automation Group Ltd 2,322,000 HKD 1,343,892 – –

Total Shares 1,459,232 – –

Total Other Transferable Securities 1,459,232 – –

Total Investments 109,651,140 138,380,608 98.55

Other Net Assets 2,030,599 1.45

Total Net Assets 140,411,207 100.00

163 Eastspring Investments – Hong Kong Equity Fund (“Hong Kong Equity Fund”)

EASTSPRING INVESTMENTS

HONG KONG EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda CK Infrastructure Holdings Ltd 3,706,000 HKD 28,890,421 31,143,515 2.50 Jardine Matheson Holdings Ltd 326,000 USD 17,881,139 20,929,200 1.67 Johnson Electric Holdings Ltd 3,974,500 HKD 10,548,298 13,823,267 1.10 Li & Fung Ltd 36,884,000 HKD 15,366,043 13,418,832 1.07 NWS Holdings Ltd 7,214,226 HKD 11,335,259 14,195,128 1.13 Orient Overseas International Ltd 1,143,000 HKD 5,034,790 8,199,599 0.66 SmarTone Telecommunications Holdings Ltd 9,383,500 HKD 12,684,061 12,284,970 0.98 101,740,011 113,994,511 9.11

Cayman Islands Autohome Inc ADR 557,400 USD 18,363,182 24,932,502 1.99 Cheung Kong Property Holdings Ltd 5,956,513 HKD 35,990,071 46,660,235 3.73 CK Hutchison Holdings Ltd 9,425,013 HKD 110,435,582 118,322,244 9.46 ENN Energy Holdings Ltd 2,589,000 HKD 12,524,704 15,621,089 1.25 Lifestyle International Holdings Ltd 8,195,000 HKD 11,254,662 11,253,875 0.90 MGM China Holdings Ltd 17,443,600 HKD 34,792,677 38,792,181 3.10 Pacific Textiles Holdings Ltd 10,237,000 HKD 11,445,925 11,815,602 0.94 Sands China Ltd 10,953,200 HKD 50,189,067 50,162,068 4.01 WH Group Ltd 42,036,000 HKD 33,433,051 42,433,217 3.39 Xingda International Holdings Ltd 17,370,100 HKD 8,339,460 7,031,496 0.56 326,768,381 367,024,509 29.33

China China Construction Bank Corp ‘H’ 22,932,000 HKD 18,153,325 17,772,792 1.42 China Longyuan Power Group Corp Ltd ‘H’ 24,150,000 HKD 19,532,625 17,572,107 1.40 Industrial & Commercial Bank of China Ltd ‘H’ 22,426,000 HKD 14,799,556 15,139,823 1.21 52,485,506 50,484,722 4.03

Hong Kong AIA Group Ltd 16,819,800 HKD 93,537,158 122,923,478 9.81 BOC Hong Kong Holdings Ltd 12,670,500 HKD 40,268,249 60,623,740 4.84 CLP Holdings Ltd 2,726,500 HKD 25,093,947 28,849,873 2.31 Galaxy Entertainment Group Ltd 4,886,000 HKD 24,573,712 29,668,130 2.37 Guangdong Investment Ltd 4,410,000 HKD 5,616,905 6,078,679 0.49 Hang Lung Properties Ltd 19,462,000 HKD 48,512,761 48,616,136 3.88 Hang Seng Bank Ltd 2,459,100 HKD 44,178,209 51,442,342 4.11 Henderson Land Development Co Ltd 5,341,500 HKD 27,779,919 29,799,553 2.38 Hong Kong Exchanges & Clearing Ltd 2,573,358 HKD 63,820,751 66,524,212 5.32 Link REIT (REIT) 1,921,368 HKD 9,948,710 14,620,269 1.17 PCCW Ltd 51,291,000 HKD 31,788,839 29,173,094 2.33 Power Assets Holdings Ltd 4,911,500 HKD 43,945,125 43,381,721 3.47 Sino Land Co Ltd 11,312,946 HKD 17,591,453 18,550,006 1.48 Sun Hung Kai Properties Ltd 5,015,725 HKD 68,967,297 73,697,966 5.89 Swire Pacific Ltd 2,599,000 HKD 25,855,162 25,386,597 2.03 Swire Properties Ltd 5,702,000 HKD 16,547,988 18,808,874 1.50 Wharf Holdings Ltd/The 3,450,975 HKD 22,100,856 28,602,530 2.29 610,127,041 696,747,200 55.67

164 EASTSPRING INVESTMENTS

HONG KONG EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

United Kingdom Standard Chartered Plc 1,185,676 HKD 12,859,007 11,938,422 0.95

Total Shares 1,103,979,946 1,240,189,364 99.09

Total Investments 1,103,979,946 1,240,189,364 99.09

Other Net Assets 11,361,492 0.91

Total Net Assets 1,251,550,856 100.00

165 Eastspring Investments – India Discovery Fund(*) (“India Discovery Fund”)

EASTSPRING INVESTMENTS

INDIA DISCOVERY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

India Amara Raja Batteries Ltd 6,034 INR 79,410 78,378 2.34 Apollo Hospitals Enterprise Ltd 2,505 INR 48,855 49,395 1.47 Axis Bank Ltd 8,759 INR 65,451 70,106 2.09 Bharti Airtel Ltd 7,284 INR 35,622 42,788 1.28 Cipla Ltd/India 11,063 INR 90,983 95,093 2.84 Container Corp Of India Ltd 5,221 INR 87,274 92,571 2.76 Engineers India Ltd 35,253 INR 82,301 83,827 2.50 Exide Industries Ltd 10,126 INR 34,374 34,543 1.03 GAIL India Ltd 6,696 INR 40,007 37,444 1.12 Havells India Ltd 5,963 INR 38,558 42,436 1.27 HCL Technologies Ltd 9,288 INR 118,443 122,269 3.65 HDFC Bank Ltd 4,082 INR 106,296 104,331 3.12 Hindalco Industries Ltd 24,171 INR 70,953 71,405 2.13 Housing Development Finance Corp Ltd 8,484 INR 168,171 211,971 6.34 ICICI Bank Ltd 37,008 INR 133,030 166,125 4.97 Indian Oil Corp Ltd 21,379 INR 129,962 127,406 3.80 IndusInd Bank Ltd 2,293 INR 46,119 52,465 1.57 Infosys Ltd 2,010 INR 30,931 29,092 0.87 JK Lakshmi Cement Ltd 5,634 INR 31,577 42,265 1.26 Karur Vysya Bank Ltd/The 15,334 INR 22,518 34,327 1.02 Kotak Mahindra Bank Ltd 1,143 INR 17,169 16,901 0.50 Larsen & Toubro Ltd 5,125 INR 116,589 133,807 4.00 LIC Housing Finance Ltd 5,573 INR 47,158 63,992 1.91 Lupin Ltd 4,380 INR 86,384 71,818 2.14 Mahindra & Mahindra Ltd 7,230 INR 144,785 150,847 4.50 NTPC Ltd 30,979 INR 72,074 76,180 2.27 Petronet LNG Ltd 7,529 INR 50,761 50,325 1.50 Power Grid Corp of India Ltd 16,348 INR 52,440 53,252 1.59 Sadbhav Engineering Ltd 14,704 INR 61,871 70,986 2.12 Shree Cement Ltd 209 INR 48,847 54,817 1.64 State Bank of India 16,241 INR 66,829 68,758 2.05 Sun Pharmaceutical Industries Ltd 23,243 INR 220,554 199,825 5.98 Tata Chemicals Ltd 6,093 INR 49,634 57,214 1.71 Tata Metaliks Ltd 4,931 INR 31,908 53,870 1.61 Tata Motors Ltd 19,961 INR 149,062 133,578 3.99 Tata Steel Ltd 7,152 INR 50,678 60,386 1.80 Thomas Cook India Ltd 12,699 INR 41,544 48,684 1.45 Voltas Ltd 4,408 INR 27,247 31,183 0.93 Wipro Ltd 39,660 INR 144,669 158,517 4.73 2,941,038 3,143,177 93.85

Total Shares 2,941,038 3,143,177 93.85

Total Investments 2,941,038 3,143,177 93.85

Other Net Assets 205,962 6.15

Total Net Assets 3,349,139 100.00

166 Eastspring Investments – India Equity Fund (“India Equity Fund”)

EASTSPRING INVESTMENTS

INDIA EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

India Adani Ports & Special Economic Zone Ltd 93,799 INR 350,879 526,842 0.31 Aditya Birla Fashion and Retail Ltd 529,198 INR 1,401,506 1,419,655 0.84 Axis Bank Ltd 436,324 INR 3,454,465 3,492,281 2.07 Bank of Baroda 1,549,994 INR 3,760,216 3,876,335 2.30 Bharat Petroleum Corp Ltd 445,216 INR 2,723,371 4,404,118 2.61 Bharti Airtel Ltd 779,330 INR 3,769,758 4,578,019 2.72 Blue Dart Express Ltd 25,273 INR 1,270,775 1,841,337 1.09 Brigade Enterprises Ltd 223,274 INR 852,972 892,578 0.53 CARE Ratings Ltd 101,911 INR 1,795,930 2,527,930 1.50 Cipla Ltd/India 463,759 INR 4,128,662 3,986,302 2.37 Coal India Ltd 728,490 INR 3,630,032 2,752,794 1.63 Dr Reddy’s Laboratories Ltd 113,820 INR 4,180,126 4,736,991 2.81 GAIL India Ltd 852,978 INR 3,867,952 4,769,816 2.83 Gateway Distriparks Ltd 208,841 INR 755,383 832,941 0.49 Godrej Consumer Products Ltd 189,978 INR 1,433,429 2,845,372 1.69 Gujarat Pipavav Port Ltd 772,167 INR 1,771,946 1,785,945 1.06 HCL Technologies Ltd 38,672 INR 473,843 509,086 0.30 Hero MotoCorp Ltd 58,738 INR 3,322,921 3,363,527 2.00 Hindalco Industries Ltd 1,914,637 INR 4,457,722 5,656,160 3.36 Hindustan Zinc Ltd 496,724 INR 1,478,174 2,026,089 1.20 Housing Development Finance Corp Ltd 501,153 INR 7,211,163 12,521,171 7.42 ICICI Bank Ltd 343,373 INR 1,282,418 1,541,361 0.91 Infosys Ltd 835,994 INR 11,281,212 12,100,009 7.18 ITC Ltd 1,062,961 INR 3,412,416 5,322,412 3.16 Kotak Mahindra Bank Ltd 171,570 INR 1,751,012 2,536,888 1.51 Larsen & Toubro Ltd 314,819 INR 6,231,783 8,219,512 4.88 LIC Housing Finance Ltd 569,637 INR 3,083,781 6,540,858 3.88 Mahanagar Gas Ltd 179,137 INR 1,664,440 2,739,817 1.63 Marico Ltd 628,338 INR 874,857 3,055,782 1.81 Maruti Suzuki India Ltd 8,320 INR 477,327 929,034 0.55 Max Financial Services Ltd 267,594 INR 1,432,851 2,612,704 1.55 Max India Ltd 264,397 INR 362,426 630,135 0.37 Mindtree Ltd 375,581 INR 3,885,162 3,073,795 1.82 Mphasis Ltd 271,243 INR 1,894,905 2,515,726 1.49 NMDC Ltd 1,125,150 INR 2,009,988 1,884,317 1.12 Reliance Industries Ltd 529,626 INR 9,792,541 11,307,430 6.71 Rural Electrification Corp Ltd 1,528,771 INR 3,558,078 4,066,869 2.41 Speciality Restaurants Ltd 282,825 INR 771,240 432,086 0.26 State Bank of India 126,933 INR 450,529 537,385 0.32 Sun Pharmaceutical Industries Ltd 298,994 INR 2,400,267 2,570,505 1.53 Tata Consultancy Services Ltd 178,794 INR 5,896,681 6,534,506 3.88 Tata Motors Ltd ‘A’ 1,260,949 INR 4,086,064 5,136,461 3.05 Tata Motors Ltd 584,786 INR 3,591,581 3,913,352 2.32 Tata Steel Ltd 568,487 INR 3,699,607 4,799,874 2.85 UltraTech Cement Ltd 28,846 INR 1,342,736 1,766,842 1.05 Vedanta Ltd 667,121 INR 1,786,277 2,570,436 1.53 133,111,404 166,683,385 98.90

Total Shares 133,111,404 166,683,385 98.90

167 EASTSPRING INVESTMENTS

INDIA EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Other Transferable Securities

SHARES

India Vedanta Limited Npv - Pref 2,668,484 INR 450,190 412,838 0.24

Total Shares 450,190 412,838 0.24

Total Other Transferable Securities 450,190 412,838 0.24

Total Investments 133,561,594 167,096,223 99.14

Other Net Assets 1,447,247 0.86

Total Net Assets 168,543,470 100.00

168 Eastspring Investments – Indonesia Equity Fund (“Indonesia Equity Fund”)

EASTSPRING INVESTMENTS

INDONESIA EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Indonesia Adaro Energy Tbk PT 40,902,700 IDR 4,569,569 4,849,091 2.51 AKR Corporindo Tbk PT 2,551,300 IDR 1,290,291 1,249,089 0.65 Alam Sutera Realty Tbk PT 58,800,300 IDR 2,463,832 1,403,001 0.73 Astra International Tbk PT 20,881,600 IDR 12,637,359 13,983,738 7.23 Bank Central Asia Tbk PT 12,139,700 IDR 11,838,864 16,532,399 8.55 Bank Danamon Indonesia Tbk PT 9,594,851 IDR 3,166,059 3,689,635 1.91 Bank Mandiri Persero Tbk PT 9,977,530 IDR 8,104,502 9,545,189 4.93 Bank Negara Indonesia Persero Tbk PT 23,236,436 IDR 9,998,851 11,507,070 5.95 Bank Rakyat Indonesia Persero Tbk PT 16,902,000 IDR 13,429,554 19,340,123 9.99 Bank Tabungan Negara Persero Tbk PT 6,679,983 IDR 806,133 1,303,167 0.67 Bumi Serpong Damai Tbk PT 40,914,848 IDR 5,280,329 5,618,021 2.90 Charoen Pokphand Indonesia Tbk PT 15,295,400 IDR 3,436,395 3,649,549 1.89 Ciputra Development Tbk PT 20,415,539 IDR 2,148,286 1,792,248 0.93 Gudang Garam Tbk PT 1,345,700 IDR 6,556,790 7,906,082 4.09 Hanjaya Mandala Sampoerna Tbk PT 17,314,000 IDR 4,069,555 4,988,614 2.58 Indocement Tunggal Prakarsa Tbk PT 4,388,600 IDR 7,443,681 6,075,383 3.14 Indofood CBP Sukses Makmur Tbk PT 2,708,000 IDR 1,281,854 1,788,062 0.92 Indofood Sukses Makmur Tbk PT 8,720,300 IDR 4,809,117 5,627,055 2.91 Jasa Marga Persero Tbk PT 3,136,386 IDR 1,301,158 1,259,026 0.65 Kalbe Farma Tbk PT 43,727,000 IDR 4,425,769 5,331,561 2.76 Lippo Karawaci Tbk PT 37,788,375 IDR 2,898,192 1,871,343 0.97 Matahari Department Store Tbk PT 6,699,200 IDR 8,082,966 7,125,204 3.68 Media Nusantara Citra Tbk PT 15,584,200 IDR 2,560,100 2,151,561 1.11 Pakuwon Jati Tbk PT 59,143,900 IDR 2,862,478 2,729,206 1.41 Perusahaan Gas Negara Persero Tbk PT 32,427,100 IDR 9,873,103 5,474,468 2.83 Semen Indonesia Persero Tbk PT 10,796,200 IDR 10,078,052 8,100,694 4.19 Summarecon Agung Tbk PT 27,859,200 IDR 2,782,610 2,696,557 1.39 Surya Citra Media Tbk PT 9,993,600 IDR 2,125,410 1,942,106 1.00 Telekomunikasi Indonesia Persero Tbk PT 49,784,800 IDR 11,195,137 16,884,434 8.72 Tower Bersama Infrastructure Tbk PT 3,261,200 IDR 1,444,785 1,663,940 0.86 Unilever Indonesia Tbk PT 1,670,600 IDR 4,256,251 6,117,072 3.16 United Tractors Tbk PT 1,850,786 IDR 3,479,357 3,811,973 1.97 Waskita Karya Persero Tbk PT 12,965,300 IDR 2,416,911 2,256,950 1.17 XL Axiata Tbk PT 3,773,250 IDR 975,600 965,431 0.50 174,088,900 191,229,042 98.85

Total Shares 174,088,900 191,229,042 98.85

Other Transferable Securities

SHARES

Indonesia Berlian Laju Tanker Tbk PT 35,965,332 IDR 1,430,928 – –

Total Shares 1,430,928 – –

Total Other Transferable Securities 1,430,928 – –

Total Investments 175,519,828 191,229,042 98.85

Other Net Assets 2,229,548 1.15

Total Net Assets 193,458,590 100.00

169 Eastspring Investments – Japan Dynamic Fund (“Japan Dynamic Fund”)

EASTSPRING INVESTMENTS

JAPAN DYNAMIC FUND

Statement of Investments as at June 30, 2017 (expressed in JPY)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Japan Aeon Mall Co Ltd 4,002,500 JPY 6,113,518,998 8,853,530,000 2.51 Asahi Glass Co Ltd 1,094,900 JPY 3,955,485,957 5,178,877,000 1.47 Chubu Electric Power Co Inc 3,156,500 JPY 4,733,857,008 4,711,076,250 1.34 Credit Saison Co Ltd 4,806,000 JPY 10,421,356,182 10,544,364,000 2.99 Fuji Media Holdings Inc 2,509,100 JPY 3,933,196,856 3,828,886,600 1.09 Hitachi Ltd 28,579,000 JPY 15,632,270,925 19,702,362,600 5.61 Honda Motor Co Ltd 5,829,700 JPY 20,932,197,019 17,862,200,800 5.07 JSR Corp 6,589,100 JPY 12,431,520,872 12,763,086,700 3.62 Kaneka Corp 7,235,100 JPY 6,120,686,681 6,193,245,600 1.76 Komeri Co Ltd 1,210,900 JPY 3,159,404,299 3,459,541,300 0.98 Konica Minolta Inc 4,090,500 JPY 3,665,519,959 3,812,346,000 1.08 Kurita Water Industries Ltd 2,013,300 JPY 5,293,627,132 6,160,698,000 1.75 Leopalace21 Corp 9,647,000 JPY 6,069,307,985 6,733,606,000 1.91 LIXIL Group Corp 2,872,800 JPY 6,865,044,207 8,069,695,200 2.29 Mazda Motor Corp 6,494,400 JPY 9,936,287,355 10,183,219,200 2.89 Mitsubishi Heavy Industries Ltd 3,987,000 JPY 1,776,175,760 1,833,222,600 0.52 Mitsubishi Motors Corp 15,388,200 JPY 10,540,197,528 11,387,268,000 3.23 Mitsubishi UFJ Financial Group Inc 25,507,000 JPY 18,135,162,890 19,252,683,600 5.47 Mitsui OSK Lines Ltd 33,568,000 JPY 11,353,069,820 11,077,440,000 3.15 NEC Corp 47,847,700 JPY 14,781,332,446 14,258,614,600 4.05 Nikon Corp 3,295,100 JPY 5,379,049,811 5,917,999,600 1.68 Nippon Steel & Sumitomo Metal Corp 3,689,700 JPY 9,066,781,750 9,364,458,600 2.66 Nomura Holdings Inc 15,741,700 JPY 10,683,701,879 10,600,460,780 3.01 Nomura Real Estate Holdings Inc 5,141,500 JPY 10,246,202,547 11,331,866,000 3.22 Onward Holdings Co Ltd 4,154,600 JPY 3,314,286,964 3,452,472,600 0.98 ORIX Corp 2,110,100 JPY 3,603,152,739 3,671,574,000 1.04 Osaka Gas Co Ltd 11,169,000 JPY 4,839,826,804 5,132,155,500 1.46 Panasonic Corp 7,527,100 JPY 8,705,618,212 11,471,300,400 3.26 Ricoh Co Ltd 17,887,500 JPY 19,566,244,590 17,744,400,000 5.04 Rohm Co Ltd 364,500 JPY 2,090,769,061 3,145,635,000 0.89 Sumitomo Corp 10,587,900 JPY 14,041,121,804 15,479,509,800 4.40 Sumitomo Electric Industries Ltd 4,015,800 JPY 6,644,460,114 6,947,334,000 1.97 Sumitomo Heavy Industries Ltd 14,106,000 JPY 8,769,831,661 10,452,546,000 2.97 Sumitomo Mitsui Financial Group Inc 4,323,000 JPY 18,983,133,072 18,930,417,000 5.38 Sumitomo Mitsui Trust Holdings Inc 2,950,907 JPY 12,757,198,101 11,859,695,233 3.37 T&D Holdings Inc 5,292,500 JPY 8,227,909,536 9,047,528,750 2.57 Takeda Pharmaceutical Co Ltd 209,100 JPY 974,755,288 1,193,751,900 0.34 Ube Industries Ltd 14,552,000 JPY 3,396,157,558 4,205,528,000 1.19 Xebio Holdings Co Ltd 1,327,600 JPY 2,747,835,466 2,631,303,200 0.75 329,887,256,836 348,445,900,413 98.96

Total Shares 329,887,256,836 348,445,900,413 98.96

Total Investments 329,887,256,836 348,445,900,413 98.96

Other Net Assets 3,656,086,501 1.04

Total Net Assets 352,101,986,914 100.00

170 Eastspring Investments – Japan Equity Fund(*) (“Japan Equity Fund”)

EASTSPRING INVESTMENTS

JAPAN EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in JPY)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Japan Aeon Co Ltd 89,600 JPY 140,061,763 152,947,200 0.45 ANA Holdings Inc 189,000 JPY 56,391,116 73,785,600 0.22 Asahi Glass Co Ltd 88,300 JPY 334,810,563 417,659,000 1.22 Asahi Kasei Corp 56,000 JPY 52,008,374 67,620,000 0.20 Bridgestone Corp 57,300 JPY 237,121,814 277,332,000 0.81 Canon Inc 135,200 JPY 468,499,964 515,923,200 1.51 Central Japan Railway Co 12,700 JPY 229,309,561 232,537,000 0.68 Chubu Electric Power Co Inc 196,000 JPY 291,428,814 292,530,000 0.86 Credit Saison Co Ltd 365,500 JPY 737,779,166 801,907,000 2.34 Dai Nippon Printing Co Ltd 61,800 JPY 70,158,325 77,126,400 0.23 Daiichi Sankyo Co Ltd 163,700 JPY 367,714,360 433,313,900 1.27 Daiwa Securities Group Inc 185,000 JPY 129,690,785 123,173,000 0.36 Denso Corp 43,200 JPY 197,649,504 204,854,400 0.60 East Japan Railway Co 88,500 JPY 850,474,385 950,932,500 2.78 Fast Retailing Co Ltd 2,300 JPY 78,244,158 86,066,000 0.25 Fujitsu Ltd 63,000 JPY 33,409,641 52,151,400 0.15 Hitachi Ltd 1,664,800 JPY 979,585,793 1,147,713,120 3.36 Honda Motor Co Ltd 401,000 JPY 1,404,933,463 1,228,664,000 3.59 Inpex Corp 128,100 JPY 149,551,647 138,476,100 0.40 Isuzu Motors Ltd 69,600 JPY 103,655,220 96,465,600 0.28 ITOCHU Corp 80,700 JPY 115,459,826 134,688,300 0.39 JFE Holdings Inc 60,100 JPY 119,874,131 117,225,050 0.34 JGC Corp 35,100 JPY 59,488,226 63,952,200 0.19 JSR Corp 358,300 JPY 670,622,781 694,027,100 2.03 JXTG Holdings Inc 347,800 JPY 173,753,488 170,665,460 0.50 Kansai Electric Power Co Inc/The 90,200 JPY 115,730,168 139,539,400 0.41 Kao Corp 24,100 JPY 122,944,320 160,795,200 0.47 Kawasaki Heavy Industries Ltd 187,000 JPY 59,709,226 62,084,000 0.18 Kirin Holdings Co Ltd 80,000 JPY 149,269,429 183,120,000 0.54 Komatsu Ltd 56,200 JPY 134,842,676 160,422,900 0.47 Konica Minolta Inc 236,000 JPY 216,382,101 219,952,000 0.64 Kyocera Corp 36,500 JPY 210,847,702 237,469,000 0.69 Kyushu Electric Power Co Inc 83,100 JPY 104,923,574 113,348,400 0.33 LIXIL Group Corp 197,600 JPY 494,326,295 555,058,400 1.62 Marubeni Corp 176,000 JPY 101,737,923 127,740,800 0.37 Mazda Motor Corp 353,600 JPY 540,284,291 554,444,800 1.62 Mitsubishi Chemical Holdings Corp 89,000 JPY 59,141,663 82,778,900 0.24 Mitsubishi Corp 182,700 JPY 409,935,099 430,441,200 1.26 Mitsubishi Electric Corp 85,500 JPY 118,189,511 138,125,250 0.40 Mitsubishi Estate Co Ltd 153,400 JPY 357,167,382 321,142,900 0.94 Mitsubishi Heavy Industries Ltd 764,000 JPY 367,205,929 351,287,200 1.03 Mitsubishi Materials Corp 18,700 JPY 60,241,605 63,580,000 0.19 Mitsubishi Motors Corp 525,400 JPY 370,999,214 388,796,000 1.14 Mitsubishi UFJ Financial Group Inc 2,279,200 JPY 1,558,636,639 1,720,340,160 5.03 Mitsui & Co Ltd 177,800 JPY 273,064,337 285,457,900 0.83 Mitsui Fudosan Co Ltd 106,500 JPY 253,136,109 285,473,250 0.83 Mitsui OSK Lines Ltd 1,303,900 JPY 446,435,719 430,287,000 1.26 Mizuho Financial Group Inc 516,700 JPY 107,852,667 106,130,180 0.31 MS&AD Insurance Group Holdings Inc 41,300 JPY 136,450,082 155,866,200 0.46 Murata Manufacturing Co Ltd 8,000 JPY 104,076,548 136,560,000 0.40 NEC Corp 2,840,400 JPY 866,492,808 846,439,200 2.48 Nidec Corp 13,000 JPY 103,044,478 149,630,000 0.44 Nikon Corp 288,100 JPY 470,759,260 517,427,600 1.51 Nintendo Co Ltd 2,700 JPY 52,933,892 101,736,000 0.30 Nippon Steel & Sumitomo Metal Corp 304,240 JPY 750,309,151 772,161,120 2.26 Nippon Telegraph & Telephone Corp 150,500 JPY 625,635,392 799,155,000 2.34 Nissan Motor Co Ltd 258,100 JPY 277,319,860 288,555,800 0.84 Nomura Holdings Inc 958,100 JPY 640,609,194 645,184,540 1.89

171 EASTSPRING INVESTMENTS

JAPAN EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in JPY)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Nomura Real Estate Holdings Inc 254,800 JPY 515,189,761 561,579,200 1.64 NTT DOCOMO Inc 146,700 JPY 340,446,953 389,048,400 1.14 Oji Holdings Corp 284,000 JPY 140,718,249 164,720,000 0.48 ORIX Corp 245,400 JPY 404,773,494 426,996,000 1.25 Osaka Gas Co Ltd 464,000 JPY 205,936,147 213,208,000 0.62 Panasonic Corp 568,200 JPY 682,286,094 865,936,800 2.53 Rakuten Inc 94,700 JPY 109,460,642 125,193,400 0.37 Ricoh Co Ltd 837,000 JPY 862,742,314 830,304,000 2.43 Rohm Co Ltd 54,800 JPY 351,480,989 472,924,000 1.38 Secom Co Ltd 15,600 JPY 116,651,904 132,990,000 0.39 Seven & i Holdings Co Ltd 87,800 JPY 390,695,894 406,338,400 1.19 Shin-Etsu Chemical Co Ltd 20,500 JPY 160,645,320 208,792,500 0.61 SMC Corp/Japan 4,300 JPY 123,960,930 146,845,000 0.43 SoftBank Group Corp 41,400 JPY 295,610,477 376,615,800 1.10 Sony Corp 81,600 JPY 240,520,361 349,737,600 1.02 Sumitomo Chemical Co Ltd 164,000 JPY 86,095,254 105,944,000 0.31 Sumitomo Corp 630,100 JPY 864,027,991 921,206,200 2.69 Sumitomo Electric Industries Ltd 365,300 JPY 604,924,241 631,969,000 1.85 Sumitomo Heavy Industries Ltd 608,000 JPY 383,040,029 450,528,000 1.32 Sumitomo Mitsui Financial Group Inc 308,900 JPY 1,354,609,149 1,352,673,100 3.96 Sumitomo Mitsui Trust Holdings Inc 159,740 JPY 691,091,570 641,995,060 1.88 Sumitomo Realty & Development Co Ltd 25,000 JPY 76,662,880 86,625,000 0.25 T&D Holdings Inc 321,900 JPY 492,489,447 550,288,050 1.61 Takeda Pharmaceutical Co Ltd 136,200 JPY 703,868,153 777,565,800 2.27 Tokio Marine Holdings Inc 46,300 JPY 193,467,497 215,341,300 0.63 Tokyo Gas Co Ltd 543,300 JPY 286,508,323 317,450,190 0.93 Tokyu Corp 127,000 JPY 103,101,006 108,839,000 0.32 Toyota Motor Corp 299,200 JPY 1,923,543,404 1,763,185,600 5.15 Yahoo Japan Corp 337,500 JPY 165,488,740 165,037,500 0.48 31,582,348,325 33,842,142,730 98.96

Total Shares 31,582,348,325 33,842,142,730 98.96

Total Investments 31,582,348,325 33,842,142,730 98.96

Other Net Assets 356,614,466 1.04

Total Net Assets 34,198,757,196 100.00

172 Eastspring Investments – Japan Fundamental Value Fund(*) (“Japan Fundamental Value Fund”)

EASTSPRING INVESTMENTS

JAPAN FUNDAMENTAL VALUE FUND

Statement of Investments as at June 30, 2017 (expressed in JPY)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Japan Aeon Co Ltd 82,500 JPY 130,854,111 140,827,500 0.25 Aeon Mall Co Ltd 426,100 JPY 657,446,710 942,533,200 1.66 Asahi Glass Co Ltd 135,500 JPY 456,367,614 640,915,000 1.13 Canon Inc 150,400 JPY 540,316,981 573,926,400 1.01 Chubu Electric Power Co Inc 364,300 JPY 551,446,945 543,717,750 0.96 Credit Saison Co Ltd 711,800 JPY 1,462,147,854 1,561,689,200 2.76 Daiichi Sankyo Co Ltd 251,600 JPY 555,293,144 665,985,200 1.18 East Japan Railway Co 136,000 JPY 1,303,257,939 1,461,320,000 2.58 Electric Power Development Co Ltd 24,000 JPY 57,008,089 66,672,000 0.12 Fuji Media Holdings Inc 341,700 JPY 518,920,202 521,434,200 0.92 Hitachi Ltd 3,866,000 JPY 2,035,540,405 2,665,220,400 4.71 Honda Motor Co Ltd 859,800 JPY 2,959,206,132 2,634,427,200 4.65 JSR Corp 842,900 JPY 1,501,394,815 1,632,697,300 2.88 Kaneka Corp 993,000 JPY 795,737,830 850,008,000 1.50 Kansai Electric Power Co Inc/The 103,900 JPY 121,561,064 160,733,300 0.28 KDDI Corp 128,200 JPY 342,030,532 381,395,000 0.67 Komeri Co Ltd 176,500 JPY 457,317,597 504,260,500 0.89 Konica Minolta Inc 637,500 JPY 571,227,231 594,150,000 1.05 Kurita Water Industries Ltd 322,400 JPY 832,933,883 986,544,000 1.74 Leopalace21 Corp 665,900 JPY 425,811,762 464,798,200 0.82 LIXIL Group Corp 319,500 JPY 722,577,936 897,475,500 1.58 Mazda Motor Corp 816,500 JPY 1,250,225,928 1,280,272,000 2.26 Mitsubishi Corp 181,500 JPY 390,336,842 427,614,000 0.75 Mitsubishi Heavy Industries Ltd 1,172,000 JPY 521,329,817 538,885,600 0.95 Mitsubishi Motors Corp 1,488,800 JPY 1,029,568,097 1,101,712,000 1.94 Mitsubishi UFJ Financial Group Inc 3,937,700 JPY 2,589,246,243 2,972,175,960 5.25 Mitsui OSK Lines Ltd 4,495,000 JPY 1,467,862,928 1,483,350,000 2.62 NEC Corp 6,593,000 JPY 1,971,350,401 1,964,714,000 3.47 Nikon Corp 486,300 JPY 767,430,069 873,394,800 1.54 Nippon Steel & Sumitomo Metal Corp 527,700 JPY 1,224,936,568 1,339,302,600 2.36 Nippon Telegraph & Telephone Corp 97,300 JPY 387,757,753 516,663,000 0.91 Nissan Motor Co Ltd 274,700 JPY 295,011,663 307,114,600 0.54 Nomura Holdings Inc 1,757,500 JPY 1,064,420,589 1,183,500,500 2.09 Nomura Real Estate Holdings Inc 641,200 JPY 1,259,260,868 1,413,204,800 2.49 NTT DOCOMO Inc 103,300 JPY 234,465,430 273,951,600 0.48 Oji Holdings Corp 861,000 JPY 388,191,433 499,380,000 0.88 Onward Holdings Co Ltd 438,000 JPY 327,036,595 363,978,000 0.64 ORIX Corp 262,600 JPY 430,726,240 456,924,000 0.81 Osaka Gas Co Ltd 1,372,000 JPY 607,497,236 630,434,000 1.11 Panasonic Corp 1,043,300 JPY 1,191,111,620 1,589,989,200 2.81 Ricoh Co Ltd 2,057,400 JPY 2,219,846,949 2,040,940,800 3.60 Rohm Co Ltd 78,100 JPY 435,894,263 674,003,000 1.19 Seven & i Holdings Co Ltd 110,900 JPY 510,207,263 513,245,200 0.91 Shimamura Co Ltd 14,800 JPY 182,712,186 203,648,000 0.36 SoftBank Group Corp 21,300 JPY 122,041,421 193,766,100 0.34 Sony Corp 62,100 JPY 172,760,447 266,160,600 0.47 Sumitomo Corp 1,312,000 JPY 1,653,239,687 1,918,144,000 3.38 Sumitomo Electric Industries Ltd 567,700 JPY 891,316,545 982,121,000 1.73 Sumitomo Heavy Industries Ltd 1,756,000 JPY 1,020,488,303 1,301,196,000 2.30 Sumitomo Mitsui Financial Group Inc 584,700 JPY 2,413,108,573 2,560,401,300 4.52 Sumitomo Mitsui Trust Holdings Inc 401,100 JPY 1,691,707,556 1,612,020,900 2.84 T&D Holdings Inc 767,800 JPY 1,067,421,948 1,312,554,100 2.32

173 EASTSPRING INVESTMENTS

JAPAN FUNDAMENTAL VALUE FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in JPY)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Takeda Pharmaceutical Co Ltd 209,700 JPY 1,061,580,147 1,197,177,300 2.11 Tobu Railway Co Ltd 746,000 JPY 420,890,304 457,298,000 0.81 Tokyo Gas Co Ltd 1,698,000 JPY 830,405,074 992,141,400 1.75 Toyota Motor Corp 248,800 JPY 1,594,911,017 1,466,178,400 2.59 Ube Industries Ltd 1,346,000 JPY 315,900,834 388,994,000 0.69 Yahoo Japan Corp 310,200 JPY 144,607,914 151,687,800 0.27 51,145,205,527 56,338,968,410 99.42

Total Shares 51,145,205,527 56,338,968,410 99.42

Total Investments 51,145,205,527 56,338,968,410 99.42

Other Net Assets 329,905,048 0.58

Total Net Assets 56,668,873,458 100.00

174 Eastspring Investments – Japan Smaller Companies Fund(*) (“Japan Smaller Companies Fund”)

EASTSPRING INVESTMENTS

JAPAN SMALLER COMPANIES FUND

Statement of Investments as at June 30, 2017 (expressed in JPY)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Japan Aeon Mall Co Ltd 220,300 JPY 351,439,843 487,303,600 1.71 Awa Bank Ltd/The 215,000 JPY 141,307,422 164,260,000 0.58 Chiba Bank Ltd/The 1,031,000 JPY 763,477,332 839,234,000 2.94 Chugoku Marine Paints Ltd 310,000 JPY 238,602,451 267,840,000 0.94 cocokara fine Inc 95,000 JPY 447,439,814 527,250,000 1.85 Credit Saison Co Ltd 452,400 JPY 934,885,094 992,565,600 3.48 Daikoku Denki Co Ltd 321,900 JPY 526,994,347 554,955,600 1.95 Denki Kogyo Co Ltd 947,000 JPY 531,850,030 547,366,000 1.92 Hitachi Zosen Corp 1,428,500 JPY 898,389,282 789,960,500 2.77 IBJ Leasing Co Ltd 248,500 JPY 610,236,785 670,453,000 2.35 Japan Aviation Electronics Industry Ltd 312,000 JPY 475,799,726 485,160,000 1.70 Japan Steel Works Ltd/The 266,500 JPY 463,680,599 468,507,000 1.64 JSR Corp 432,700 JPY 790,202,324 838,139,900 2.94 Kaneka Corp 944,000 JPY 777,700,927 808,064,000 2.83 Kintetsu World Express Inc 394,400 JPY 578,052,082 781,700,800 2.74 Komeri Co Ltd 291,200 JPY 780,806,031 831,958,400 2.92 Konica Minolta Inc 439,900 JPY 396,025,296 409,986,800 1.44 Kurita Water Industries Ltd 293,300 JPY 766,821,842 897,498,000 3.15 Leopalace21 Corp 1,522,900 JPY 949,184,900 1,062,984,200 3.73 Mars Engineering Corp 107,900 JPY 226,105,467 266,620,900 0.94 Meidensha Corp 1,488,000 JPY 589,025,328 572,880,000 2.01 Mitsui OSK Lines Ltd 2,729,000 JPY 909,594,203 900,570,000 3.16 Musashi Seimitsu Industry Co Ltd 321,900 JPY 812,758,909 1,046,175,000 3.67 Nikon Corp 282,200 JPY 446,218,480 506,831,200 1.78 Nissin Kogyo Co Ltd 426,200 JPY 772,615,078 760,340,800 2.67 Nomura Real Estate Holdings Inc 395,600 JPY 791,881,462 871,902,400 3.06 Oki Electric Industry Co Ltd 513,000 JPY 789,595,918 816,696,000 2.86 Onward Holdings Co Ltd 368,000 JPY 283,542,254 305,808,000 1.07 PAL GROUP Holdings Co Ltd 131,300 JPY 359,189,763 383,264,700 1.34 Relia Inc 680,800 JPY 763,571,675 831,937,600 2.92 Ricoh Leasing Co Ltd 217,000 JPY 752,809,491 852,810,000 2.99 Riken Corp 177,000 JPY 753,868,228 897,390,000 3.15 Rohm Co Ltd 29,100 JPY 179,769,776 251,133,000 0.88 Sankyo Tateyama Inc 417,100 JPY 747,147,082 714,909,400 2.51 Sanyo Housing Nagoya Co Ltd 536,200 JPY 561,468,480 597,863,000 2.10 Shindengen Electric Manufacturing Co Ltd 478,000 JPY 206,782,128 291,580,000 1.02 Sumitomo Heavy Industries Ltd 931,000 JPY 551,570,649 689,871,000 2.42 Sumitomo Riko Co Ltd 669,500 JPY 698,052,871 773,942,000 2.71 Tokyo TY Financial Group Inc 353,266 JPY 1,160,010,261 1,093,358,270 3.83 Toshiba TEC Corp 1,149,000 JPY 522,988,941 667,569,000 2.34 Ube Industries Ltd 1,423,000 JPY 343,702,884 411,247,000 1.44 United Arrows Ltd 118,200 JPY 409,022,161 430,839,000 1.51 Xebio Holdings Co Ltd 273,100 JPY 518,093,692 541,284,200 1.90 Yamaha Motor Co Ltd 156,500 JPY 325,574,515 453,537,000 1.59 25,897,855,823 28,355,546,870 99.45

Total Shares 25,897,855,823 28,355,546,870 99.45

Total Investments 25,897,855,823 28,355,546,870 99.45

Other Net Assets 155,588,884 0.55

Total Net Assets 28,511,135,754 100.00

175 Eastspring Investments – Latin American Equity Fund(*) (“Latin American Equity Fund”)

EASTSPRING INVESTMENTS

LATIN AMERICAN EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda Cosan Ltd ‘A’ 175,600 USD 1,410,457 1,109,792 2.61 Credicorp Ltd 11,600 USD 1,433,169 2,090,900 4.92 2,843,626 3,200,692 7.53

Brazil AES Tiete Energia SA 285,700 BRL 1,177,620 1,178,274 2.77 Ambev SA 193,400 BRL 1,010,090 1,068,159 2.51 Banco Bradesco SA - Pref 161,882 BRL 1,211,611 1,364,602 3.21 Banco do Brasil SA 63,900 BRL 379,069 516,450 1.21 BB Seguridade Participacoes SA 209,000 BRL 1,836,585 1,790,204 4.21 BRF SA 33,100 BRL 461,744 386,028 0.91 Cia Brasileira de Distribuicao - Pref 33,000 BRL 631,594 644,793 1.52 Cia Paranaense de Energia - Pref 88,100 BRL 715,113 656,139 1.54 Embraer SA 285,500 BRL 1,393,678 1,302,526 3.06 Estacio Participacoes SA 213,100 BRL 955,327 929,724 2.19 Itau Unibanco Holding SA - Pref 176,460 BRL 1,939,131 1,959,326 4.61 Itausa - Investimentos Itau SA - Pref 883,111 BRL 2,524,845 2,393,376 5.63 JBS SA 266,200 BRL 843,798 514,744 1.21 Klabin SA 86,500 BRL 431,828 429,134 1.01 Kroton Educacional SA 77,600 BRL 285,253 342,309 0.81 MRV Engenharia e Participacoes SA 271,200 BRL 1,175,923 1,092,253 2.57 Petroleo Brasileiro SA 223,700 BRL 1,140,941 883,375 2.08 Petroleo Brasileiro SA - Pref 298,200 BRL 1,482,139 1,102,789 2.59 QGEP Participacoes SA 104,900 BRL 177,347 186,361 0.44 Suzano Papel e Celulose SA ‘A’ - Pref 112,700 BRL 399,761 480,797 1.13 Telefonica Brasil SA - Pref 34,949 BRL 598,808 476,228 1.12 Vale SA 108,200 BRL 956,439 953,275 2.24 Vale SA - Pref 148,100 BRL 1,930,540 1,210,391 2.85 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 91,860 BRL 706,707 414,649 0.98 24,365,891 22,275,906 52.40

Chile Banco de Chile 5,094,172 CLP 597,582 661,743 1.56 Banco Santander Chile 17,394,492 CLP 882,182 1,102,688 2.59 Enel Americas SA 4,090,332 CLP 764,759 769,704 1.81 2,244,523 2,534,135 5.96

Colombia Banco Davivienda SA - Pref 37,408 COP 383,587 403,414 0.95

Mexico Alfa SAB de CV 1,099,700 MXN 1,582,935 1,567,295 3.69 Cemex SAB de CV 2,290,965 MXN 1,964,766 2,130,953 5.01 Fomento Economico Mexicano SAB de CV 169,400 MXN 1,448,357 1,657,194 3.90 Gentera SAB de CV 741,300 MXN 1,255,647 1,132,202 2.66 Grupo Financiero Banorte SAB de CV 356,000 MXN 2,139,597 2,271,318 5.34 Grupo Financiero Interacciones SA de CV 95,400 MXN 446,558 502,454 1.18 Grupo Mexico SAB de CV ‘B’ 147,490 MXN 412,303 410,665 0.97 Macquarie Mexico Real Estate Management SA de CV (REIT) 476,600 MXN 581,846 563,398 1.33 Mexichem SAB de CV 268,565 MXN 814,339 723,934 1.70 Nemak SAB de CV ‘144A’ 417,300 MXN 446,920 405,523 0.95 OHL Mexico SAB de CV 947,600 MXN 1,150,094 1,375,765 3.24 12,243,362 12,740,701 29.97

176 EASTSPRING INVESTMENTS

LATIN AMERICAN EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Spain CEMEX Latam Holdings SA 56,503 COP 297,370 216,670 0.51

Total Shares 42,378,359 41,371,518 97.32

Total Investments 42,378,359 41,371,518 97.32

Other Net Assets 1,140,190 2.68

Total Net Assets 42,511,708 100.00

177 Eastspring Investments – Malaysia Equity Fund(*) (“Malaysia Equity Fund”)

EASTSPRING INVESTMENTS

MALAYSIA EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Malaysia Alliance Financial Group Bhd 82,000 MYR 85,743 73,544 1.00 AMMB Holdings Bhd 95,600 MYR 119,606 108,681 1.48 APM Automotive Holdings Bhd 41,400 MYR 60,197 38,578 0.52 Astro Malaysia Holdings Bhd 105,600 MYR 89,532 62,238 0.85 Axiata Group Bhd 184,658 MYR 250,015 207,773 2.82 British American Tobacco Malaysia Bhd 15,700 MYR 218,317 158,805 2.16 CIMB Group Holdings Bhd 254,765 MYR 428,897 390,517 5.31 Deleum Bhd 278,500 MYR 72,806 58,390 0.79 Dialog Group BHD 115,200 MYR 48,944 51,526 0.70 DiGi.Com Bhd 169,600 MYR 193,169 197,547 2.68 Felda Global Ventures Holdings Bhd 91,000 MYR 41,415 36,250 0.49 Gamuda Bhd 107,600 MYR 126,023 137,864 1.87 Genting Bhd 162,800 MYR 365,572 356,877 4.85 Genting Malaysia Bhd 242,000 MYR 253,748 310,065 4.21 HAP Seng Consolidated Bhd 16,400 MYR 30,892 35,263 0.48 Hong Leong Bank Bhd 37,000 MYR 135,850 134,980 1.83 Hong Leong Financial Group Bhd 26,181 MYR 97,856 102,464 1.39 IHH Healthcare Bhd 137,300 MYR 209,350 183,913 2.50 IJM Corp Bhd 184,900 MYR 147,682 149,035 2.02 IJM Plantations Bhd 118,200 MYR 109,749 83,432 1.13 IOI Corp Bhd 92,384 MYR 112,629 95,770 1.30 Kuala Lumpur Kepong Bhd 23,300 MYR 136,943 135,046 1.83 Lafarge Malaysia Bhd 101,900 MYR 154,105 131,747 1.79 Malayan Banking Bhd 248,154 MYR 592,706 556,701 7.56 Malaysia Airports Holdings Bhd 68,300 MYR 98,380 136,197 1.85 Maxis Bhd 72,600 MYR 118,219 93,865 1.28 MBM Resources BHD 101,600 MYR 63,345 53,254 0.72 Media Prima Bhd 248,100 MYR 110,727 54,329 0.74 MISC Bhd 95,700 MYR 194,015 166,313 2.26 Petronas Chemicals Group Bhd 141,300 MYR 260,305 233,709 3.18 Petronas Dagangan Bhd 6,100 MYR 36,947 34,247 0.47 Petronas Gas Bhd 41,800 MYR 227,282 180,535 2.45 PPB Group Bhd 22,500 MYR 89,910 89,944 1.22 Public Bank Bhd 155,990 MYR 736,136 738,404 10.03 RHB Bank Bhd 95,092 MYR 127,671 112,091 1.52 Sapura Energy Bhd 243,500 MYR 160,501 90,193 1.23 Sime Darby Bhd 178,321 MYR 440,935 394,639 5.36 SP Setia Bhd Group 45,885 MYR 42,062 37,305 0.51 SP Setia Bhd Group - Pref 295,712 MYR 73,712 77,155 1.05 Telekom Malaysia Bhd 49,191 MYR 82,015 76,205 1.04 Tenaga Nasional Bhd 220,700 MYR 597,773 726,986 9.88 UMW Holdings Bhd 89,100 MYR 123,969 123,916 1.68 Westports Holdings Bhd 22,400 MYR 25,103 18,994 0.26 YTL Corp Bhd 256,833 MYR 126,837 87,353 1.19 7,817,590 7,322,640 99.48

Total Shares 7,817,590 7,322,640 99.48

Total Investments 7,817,590 7,322,640 99.48

Other Net Assets 37,935 0.52

Total Net Assets 7,360,575 100.00

178 Eastspring Investments – North American Value Fund (“North American Value Fund”)

EASTSPRING INVESTMENTS

NORTH AMERICAN VALUE FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Liberia Royal Caribbean Cruises Ltd 682,800 USD 46,242,667 74,527,620 2.46

United States of America AbbVie Inc 1,122,000 USD 69,554,960 81,345,000 2.69 Allstate Corp/The 850,000 USD 52,299,169 75,114,500 2.48 Altria Group Inc 390,700 USD 18,635,827 29,130,592 0.96 Apache Corp 1,482,600 USD 85,899,798 70,868,280 2.34 Apple Inc 296,000 USD 28,738,633 42,751,280 1.41 Applied Materials Inc 690,700 USD 14,214,252 28,553,538 0.94 Archer-Daniels-Midland Co 1,781,900 USD 75,304,769 72,790,615 2.41 AT&T Inc 1,924,100 USD 70,327,115 72,519,329 2.40 Avnet Inc 1,594,900 USD 64,587,854 62,137,304 2.05 Bank of America Corp 2,878,700 USD 52,487,708 70,413,002 2.33 Bank of the Ozarks 1,182,800 USD 48,191,635 55,390,524 1.83 Best Buy Co Inc 739,100 USD 25,725,454 42,683,025 1.41 Caterpillar Inc 711,800 USD 60,144,138 76,276,488 2.52 Chevron Corp 704,300 USD 74,265,503 73,613,436 2.43 Cigna Corp 453,400 USD 51,702,192 75,844,752 2.51 Cisco Systems Inc 1,568,100 USD 42,643,642 49,402,991 1.63 Cognizant Technology Solutions Corp 485,300 USD 25,528,467 32,320,980 1.07 Comcast Corp 1,734,600 USD 47,540,682 67,718,784 2.24 CSRA Inc 1,001,500 USD 28,270,026 31,847,700 1.05 Delta Air Lines Inc 1,369,400 USD 58,530,700 74,139,316 2.45 Diamond Offshore Drilling Inc 2,787,900 USD 67,357,576 30,304,473 1.00 Edison International 633,200 USD 38,293,039 49,940,484 1.65 Foot Locker Inc 539,600 USD 36,998,699 26,397,232 0.87 General Motors Co 2,193,800 USD 74,726,893 76,761,062 2.54 Gilead Sciences Inc 1,153,300 USD 93,617,640 81,849,700 2.71 Goldman Sachs Group Inc/The 290,300 USD 51,080,366 65,282,664 2.16 Halliburton Co 1,791,500 USD 82,891,522 76,308,943 2.52 Hartford Financial Services Group Inc/The 1,490,600 USD 58,571,306 78,867,646 2.61 HP Inc 1,674,000 USD 22,655,786 29,395,440 0.97 Huntington Bancshares Inc/OH 2,203,700 USD 30,452,321 29,507,543 0.98 Intel Corp 1,587,300 USD 48,281,025 53,492,010 1.77 International Business Machines Corp 424,600 USD 69,015,040 65,507,288 2.17 JPMorgan Chase & Co 765,200 USD 47,348,431 70,061,712 2.32 Lincoln National Corp 1,115,700 USD 53,245,773 75,142,395 2.48 Macy’s Inc 2,333,200 USD 86,512,631 53,430,280 1.77 McKesson Corp 341,500 USD 49,883,300 56,006,000 1.85 Merck & Co Inc 898,700 USD 50,233,128 57,732,488 1.91 Microsoft Corp 861,100 USD 42,872,176 59,484,788 1.97 Morgan Stanley 1,518,100 USD 46,987,130 68,162,690 2.25 National Oilwell Varco Inc 1,612,800 USD 69,343,581 52,496,640 1.74 Newell Brands Inc 940,700 USD 38,108,547 50,365,078 1.66 Nucor Corp 844,900 USD 43,514,816 49,840,651 1.65 Occidental Petroleum Corp 1,199,100 USD 88,091,661 72,005,955 2.38 Patterson-UTI Energy Inc 1,481,600 USD 31,814,833 29,854,240 0.99 Pfizer Inc 2,205,000 USD 68,154,830 74,110,050 2.45 PNC Financial Services Group Inc/The 316,500 USD 26,540,063 39,562,500 1.31 Spirit AeroSystems Holdings Inc ‘A’ 1,081,000 USD 50,049,036 62,579,090 2.07

179 EASTSPRING INVESTMENTS

NORTH AMERICAN VALUE FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Terex Corp 926,800 USD 27,210,033 34,300,868 1.13 US Bancorp 564,300 USD 22,978,225 29,400,030 0.97 Viacom Inc ‘B’ 2,141,500 USD 93,418,498 71,911,570 2.38 Wells Fargo & Co 1,389,700 USD 65,476,330 77,044,968 2.55 2,670,316,759 2,931,967,914 96.93

Total Shares 2,716,559,426 3,006,495,534 99.39

Total Investments 2,716,559,426 3,006,495,534 99.39

Other Net Assets 18,435,564 0.61

Total Net Assets 3,024,931,098 100.00

180 Eastspring Investments – Pan European Fund(*) (“Pan European Fund”)

EASTSPRING INVESTMENTS

PAN EUROPEAN FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Bermuda Hiscox Ltd 100,024 GBP 1,390,021 1,652,050 3.32

Denmark DSV A/S 41,376 DKK 1,453,719 2,540,834 5.12 Novo Nordisk A/S 58,328 DKK 2,764,289 2,505,577 5.04 Pandora A/S 10,264 DKK 660,697 960,345 1.93 Topdanmark A/S 29,538 DKK 825,514 942,111 1.90 5,704,219 6,948,867 13.99

France Schneider Electric SE 19,097 EUR 1,504,250 1,473,357 2.97

Germany Bayer AG (Reg) 6,243 EUR 868,026 812,744 1.64 Bayerische Motoren Werke AG 10,178 EUR 917,035 948,736 1.91 CTS Eventim AG & Co KGaA 32,447 EUR 1,122,341 1,435,900 2.89 Fresenius Medical Care AG & Co KGaA 14,364 EUR 970,668 1,386,850 2.79 GEA Group AG 22,808 EUR 952,095 940,026 1.89 HUGO BOSS AG 12,267 EUR 771,041 869,193 1.75 Jungheinrich AG - Pref 41,413 EUR 1,012,000 1,510,949 3.04 Linde AG 9,789 EUR 1,597,470 1,867,673 3.76 SAP SE 26,171 EUR 1,808,331 2,743,595 5.51 10,019,007 12,515,666 25.18

Ireland Allied Irish Banks Plc 212,461 EUR 1,153,581 1,196,421 2.41

Italy UniCredit SpA 52,603 EUR 1,391,767 991,008 1.99

Netherlands Akzo Nobel NV 19,149 EUR 1,242,411 1,670,982 3.36 ING Groep NV 119,672 EUR 1,701,303 2,076,809 4.18 Unilever NV 27,470 EUR 1,142,068 1,518,659 3.06 4,085,782 5,266,450 10.60

Norway Statoil ASA 99,764 NOK 2,234,269 1,650,940 3.32

Spain Amadeus IT Group SA 43,691 EUR 1,835,874 2,622,077 5.28

Sweden Hennes & Mauritz AB 37,680 SEK 1,216,798 952,223 1.92

Switzerland LafargeHolcim Ltd 21,477 CHF 1,324,378 1,241,803 2.50 Nestle SA 25,957 CHF 1,768,259 2,281,109 4.59 3,092,637 3,522,912 7.09

181 EASTSPRING INVESTMENTS

PAN EUROPEAN FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

United Kingdom GlaxoSmithKline Plc 78,101 GBP 1,953,009 1,667,421 3.36 Indivior Plc 371,041 GBP 978,367 1,501,990 3.02 Reckitt Benckiser Group Plc 14,801 GBP 1,273,707 1,492,694 3.00 Standard Chartered Plc 78,701 GBP 1,246,675 799,628 1.61 Travis Perkins Plc 61,493 GBP 1,744,261 1,163,252 2.34 WH Smith Plc 105,433 GBP 2,133,630 2,363,802 4.76 9,329,649 8,988,787 18.09

Total Shares 42,957,854 47,780,758 96.16

Total Investments 42,957,854 47,780,758 96.16

Other Net Assets 1,906,719 3.84

Total Net Assets 49,687,477 100.00

182 Eastspring Investments – Philippines Equity Fund(*) (“Philippines Equity Fund”)

EASTSPRING INVESTMENTS

PHILIPPINES EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Philippines Aboitiz Equity Ventures Inc 1,545,500 PHP 2,111,611 2,332,340 4.83 Aboitiz Power Corp 624,700 PHP 555,783 481,586 1.00 ABS-CBN Holdings Corp 55,530 PHP 48,953 45,945 0.10 Alliance Global Group Inc 3,469,900 PHP 1,502,428 983,345 2.04 Ayala Corp 139,969 PHP 2,173,338 2,357,782 4.89 Ayala Land Inc 4,942,900 PHP 3,665,072 3,893,784 8.06 Bank of the Philippine Islands 1,091,637 PHP 2,259,002 2,249,907 4.66 BDO Unibank Inc 1,203,640 PHP 2,573,086 2,957,817 6.13 DMCI Holdings Inc 2,547,050 PHP 697,944 711,721 1.47 East West Banking Corp 1,660,941 PHP 826,480 934,815 1.94 Energy Development Corp 7,494,250 PHP 1,090,767 898,538 1.86 Filinvest Land Inc 22,908,826 PHP 838,077 758,180 1.57 First Gen Corp 2,766,437 PHP 1,309,821 1,036,181 2.15 First Philippine Holdings Corp 709,340 PHP 1,220,457 984,023 2.04 Globe Telecom Inc 11,875 PHP 449,892 481,966 1.00 GT Capital Holdings Inc 52,875 PHP 1,184,453 1,267,911 2.63 International Container Terminal Services Inc 535,530 PHP 1,013,617 1,037,948 2.15 JG Summit Holdings Inc 1,733,790 PHP 2,369,560 2,783,136 5.77 Jollibee Foods Corp 154,450 PHP 630,911 624,412 1.29 LT Group Inc 2,468,500 PHP 921,044 719,123 1.49 Manila Electric Co 85,790 PHP 525,540 443,402 0.92 Megaworld Corp 7,160,400 PHP 620,771 610,181 1.26 Metro Pacific Investments Corp 8,644,200 PHP 1,103,482 1,094,658 2.27 Metropolitan Bank & Trust Co 1,131,902 PHP 2,032,104 1,962,772 4.07 Petron Corp 449,300 PHP 81,441 86,192 0.18 PLDT Inc 63,955 PHP 3,313,992 2,278,857 4.72 Puregold Price Club Inc 269,700 PHP 249,068 238,112 0.49 Robinsons Land Corp 925,650 PHP 518,617 444,848 0.92 San Miguel Corp 207,200 PHP 369,888 427,047 0.88 Security Bank Corp 227,630 PHP 1,087,005 978,909 2.03 Semirara Mining & Power Corp ‘A’ 197,060 PHP 535,791 626,796 1.30 SM Investments Corp 308,968 PHP 4,031,883 4,916,793 10.18 SM Prime Holdings Inc 5,319,875 PHP 2,621,940 3,479,111 7.21 Universal Robina Corp 479,350 PHP 1,630,994 1,547,486 3.21 Vista Land & Lifescapes Inc 8,580,213 PHP 954,643 987,932 2.05 47,119,455 47,663,556 98.76

Total Shares 47,119,455 47,663,556 98.76

Total Investments 47,119,455 47,663,556 98.76

Other Net Assets 597,019 1.24

Total Net Assets 48,260,575 100.00

183 Eastspring Investments – Thailand Equity Fund(*) (“Thailand Equity Fund”)

EASTSPRING INVESTMENTS

THAILAND EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Thailand Advanced Info Service PCL (Foreign Market) 170,900 THB 975,785 892,987 5.69 Airports of Thailand PCL (Foreign Market) 744,500 THB 494,214 1,035,549 6.61 AP Thailand PCL (Foreign Market) 798,638 THB 133,728 190,432 1.21 Bangchak Corp PCL (Foreign Market) 31,000 THB 30,594 30,571 0.19 Bangkok Bank PCL NVDR 6,300 THB 30,317 34,310 0.22 Bangkok Bank PCL (Foreign Market) 122,500 THB 722,528 710,407 4.52 Bangkok Dusit Medical Services PCL (Foreign Market) 848,000 THB 399,212 479,294 3.05 Bangkok Expressway & Metro PCL (Foreign Market) 671,300 THB 137,047 147,224 0.94 Bangkok Life Assurance PCL NVDR 83,300 THB 103,413 109,121 0.69 Banpu PCL (Foreign Market) 281,400 THB 164,973 137,511 0.88 Banpu Power PCL (Foreign Market) 90,843 THB 54,534 70,867 0.45 BTS Group Holdings PCL (Foreign Market) 635,200 THB 168,908 158,940 1.01 Bumrungrad Hospital PCL (Foreign Market) 31,200 THB 177,073 157,516 1.00 Central Pattana PCL (Foreign Market) 242,000 THB 357,058 493,333 3.14 Central Plaza Hotel PCL (Foreign Market) 42,500 THB 46,775 47,542 0.30 Charoen Pokphand Foods PCL (Foreign Market) 424,500 THB 334,427 309,909 1.97 CP ALL PCL (Foreign Market) 483,000 THB 535,713 892,207 5.68 Delta Electronics Thailand PCL (Foreign Market) 68,400 THB 76,948 174,675 1.11 Digital Telecommunications Infrastructure Fund 392,700 THB 134,907 165,311 1.05 Electricity Generating PCL (Foreign Market) 29,900 THB 107,547 188,360 1.20 Glow Energy PCL (Foreign Market) 110,200 THB 229,407 255,468 1.63 Home Product Center PCL (Foreign Market) 770,478 THB 142,161 217,739 1.39 Indorama Ventures PCL (Foreign Market) 203,500 THB 123,347 227,642 1.45 Intouch Holdings PCL NVDR 72,600 THB 134,787 121,819 0.78 Intouch Holdings PCL (Foreign Market) 139,400 THB 287,029 230,829 1.47 IRPC PCL (Foreign Market) 1,164,000 THB 141,145 183,321 1.17 Kasikornbank PCL (Foreign Market) 131,600 THB 668,719 772,865 4.92 Krung Thai Bank PCL (Foreign Market) 727,300 THB 393,697 402,510 2.56 Land & Houses PCL NVDR 651,100 THB 208,855 191,669 1.22 Minor International PCL 223,118 THB 155,947 264,366 1.68 Pruksa Holding PCL (Foreign Market) 98,600 THB 70,455 64,727 0.41 PTT Exploration & Production PCL (Foreign Market) 226,318 THB 920,950 574,623 3.66 PTT Global Chemical PCL (Foreign Market) 295,993 THB 568,787 596,866 3.80 PTT PCL (Foreign Market) 139,900 THB 1,338,724 1,523,786 9.71 Robinson PCL (Foreign Market) 60,500 THB 102,898 103,742 0.66 Siam Cement PCL/The NVDR 65,100 THB 879,361 965,865 6.16 Siam Commercial Bank PCL/The (Foreign Market) 209,200 THB 867,049 957,628 6.11 Sino-Thai Engineering & Construction PCL (Foreign Market) 127,100 THB 88,452 103,828 0.66 Supalai PCL (Foreign Market) 222,800 THB 152,937 170,527 1.09 Thai Oil PCL (Foreign Market) 113,200 THB 195,024 263,256 1.68 Thai Union Group PCL (Foreign Market) 265,624 THB 147,682 164,989 1.05 Thanachart Capital PCL (Foreign Market) 61,900 THB 57,814 83,821 0.53 TMB Bank PCL (Foreign Market) 2,536,500 THB 174,990 171,738 1.09 Total Access Communication PCL NVDR 49,700 THB 48,647 76,810 0.49 Total Access Communication PCL (Foreign Market) 64,500 THB 89,059 99,684 0.63 True Corp PCL (Foreign Market) 1,400,693 THB 354,323 255,646 1.63 13,727,947 15,471,830 98.54

Total Shares 13,727,947 15,471,830 98.54

184 EASTSPRING INVESTMENTS

THAILAND EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

WARRANTS

Thailand BTS Group Holdings PCL (Wts) 452,000 THB – 5,322 0.03 Minor International PCL (Wts) 17,594 THB – 2,393 0.02 – 7,715 0.05

Total Warrants – 7,715 0.05

Total Investments 13,727,947 15,479,545 98.59

Other Net Assets 222,111 1.41

Total Net Assets 15,701,656 100.00

185 Eastspring Investments – US Bond Fund(*) (“US Bond Fund”)

EASTSPRING INVESTMENTS

US BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland BNY Mellon U.S. Dollar Liquidity Fund ‘Investor’ 307,065 USD 307,065 307,065 0.62

Total Mutual Funds 307,065 307,065 0.62

BONDS

Canada Province of Ontario Canada 1.65% 27/9/2019 278,000 USD 277,308 276,130 0.56 Toronto-Dominion Bank/The 2.25% 15/3/2021 ‘144A’ 410,000 USD 409,531 410,471 0.83 686,839 686,601 1.39

Germany Kreditanstalt fuer Wiederaufbau 1.5% 6/2/2019 545,000 USD 544,288 544,978 1.10 Kreditanstalt fuer Wiederaufbau 1.75% 31/3/2020 400,000 USD 399,975 398,700 0.81 944,263 943,678 1.91

International Inter-American Development Bank 1.625% 12/5/2020 ‘GMTN’ 310,000 USD 309,321 309,162 0.63 International Bank for Reconstruction & Development 1.875% 21/4/2020 540,000 USD 539,574 542,100 1.09 848,895 851,262 1.72

Luxembourg Allergan Funding SCS 3.45% 15/3/2022 77,000 USD 76,926 79,471 0.16 Allergan Funding SCS 4.75% 15/3/2045 32,000 USD 31,384 34,338 0.07 108,310 113,809 0.23

Mexico Mexico Government International Bond 4% 2/10/2023 450,000 USD 447,848 470,611 0.95 Petroleos Mexicanos 6.5% 2/6/2041 75,000 USD 65,934 74,760 0.15 513,782 545,371 1.10

Netherlands LYB International Finance II BV 3.5% 2/3/2027 175,000 USD 173,257 173,469 0.35 Mylan NV 3.95% 15/6/2026 129,000 USD 128,114 130,725 0.26 Shell International Finance BV 4% 10/5/2046 145,000 USD 144,617 142,620 0.29 Siemens Financieringsmaatschappij NV 1.7% 15/9/2021 ‘144A’ 500,000 USD 496,301 485,979 0.98 Teva Pharmaceutical Finance Netherlands III BV 3.15% 1/10/2026 50,000 USD 45,318 47,471 0.10 987,607 980,264 1.98

Switzerland Credit Suisse Group AG 4.282% 9/1/2028 ‘144A’ 258,000 USD 258,000 266,115 0.54

United Kingdom Bank of England Euro Note 1.75% 6/3/2020 ‘144A’ 302,000 USD 301,938 302,295 0.61 BP Capital Markets Plc 3.588% 14/4/2027 50,000 USD 49,997 50,922 0.10 351,935 353,217 0.71

United States of America Abbott Laboratories 3.4% 30/11/2023 400,000 USD 398,280 408,731 0.83 AIG SunAmerica Global Financing X 6.9% 15/3/2032 ‘144A’ 300,000 USD 318,605 396,956 0.80 American Airlines 2013-2 Class A Pass Through Trust 4.95% 15/1/2023 224,547 USD 224,547 240,265 0.49 American Express Credit Corp 3.3% 3/5/2027 ‘MTN’ 177,000 USD 174,867 177,527 0.36 Anheuser-Busch InBev Finance Inc 4.9% 1/2/2046 318,000 USD 348,594 357,268 0.72 Apple Inc 2.85% 11/5/2024 163,000 USD 162,849 163,916 0.33 Apple Inc 3.2% 11/5/2027 132,000 USD 132,000 133,681 0.27 AT&T Inc 4.5% 9/3/2048 60,000 USD 54,766 56,414 0.11 AT&T Inc 5.25% 1/3/2037 57,000 USD 56,737 60,631 0.12 186 EASTSPRING INVESTMENTS

US BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Bank of America Corp FRN 24/4/2028 250,000 USD 250,000 251,957 0.51 Bank of America Corp FRN 20/1/2028 ‘MTN’ 75,000 USD 75,009 76,169 0.15 Bank of America Corp 3.248% 21/10/2027 ‘MTN’ 75,000 USD 75,000 72,311 0.15 Bank of America Corp 3.3% 11/1/2023 ‘GMTN’ 202,000 USD 200,818 205,841 0.42 Bank of America Corp 3.95% 21/4/2025 168,000 USD 167,768 170,143 0.34 Bank of America Corp 4% 22/1/2025 ‘MTN’ 31,000 USD 31,097 31,507 0.06 Burlington Northern and Santa Fe Railway Co 2004-1 Pass Through Trust 4.575% 15/1/2021 315,354 USD 311,984 328,102 0.66 Capital One Financial Corp 3.75% 9/3/2027 117,000 USD 115,224 116,722 0.24 Cintas Corp No 2 3.7% 1/4/2027 248,000 USD 247,077 256,420 0.52 Citigroup Inc 3.2% 21/10/2026 200,000 USD 199,890 194,046 0.39 Citigroup Inc 4.125% 25/7/2028 71,000 USD 70,691 71,728 0.15 Columbia Pipeline Group Inc 4.5% 1/6/2025 44,000 USD 43,947 47,127 0.10 Columbia Pipeline Group Inc 5.8% 1/6/2045 55,000 USD 54,882 65,436 0.13 Comcast Corp 3.4% 15/7/2046 95,000 USD 93,913 86,370 0.17 Consolidated Edison Co of New York Inc 3.85% 15/6/2046 150,000 USD 149,796 150,329 0.30 Continental Airlines 2012-1 Class A Pass Through Trust 4.15% 11/4/2024 836,856 USD 835,886 883,929 1.79 Crown Castle International Corp 3.7% 15/6/2026 100,000 USD 97,109 100,574 0.20 CVS Health Corp 5.3% 5/12/2043 162,000 USD 161,725 187,499 0.38 Dr Pepper Snapple Group Inc 3.13% 15/12/2023 112,000 USD 111,961 113,852 0.23 Dr Pepper Snapple Group Inc 4.42% 15/12/2046 108,000 USD 107,912 111,800 0.23 EI du Pont de Nemours & Co FRN 1/5/2020 165,000 USD 165,000 165,997 0.34 EI du Pont de Nemours & Co 2.2% 1/5/2020 190,000 USD 189,803 190,895 0.39 Energy Transfer LP 5.15% 15/3/2045 95,000 USD 94,800 92,300 0.19 Entergy Louisiana LLC 3.12% 1/9/2027 188,000 USD 187,909 187,207 0.38 Everest Reinsurance Holdings Inc 4.868% 1/6/2044 96,000 USD 96,000 98,782 0.20 Express Scripts Holding Co 4.5% 25/2/2026 200,000 USD 206,293 211,743 0.43 Federal Home Loan Banks 0.875% 5/8/2019 500,000 USD 499,040 494,166 1.00 Federal National Mortgage Association 1.125% 20/7/2018 500,000 USD 499,085 499,256 1.01 Federal National Mortgage Association 1.25% 6/5/2021 1,000,000 USD 994,780 982,521 1.99 Federal National Mortgage Association 1.25% 17/8/2021 500,000 USD 497,975 488,982 0.99 General Motors Financial Co Inc 3.95% 13/4/2024 100,000 USD 99,835 100,990 0.20 Glencore Funding LLC 4% 27/3/2027 ‘144A’ 65,000 USD 63,438 64,049 0.13 Goldman Sachs Group Inc/The 3% 26/4/2022 575,000 USD 572,967 577,957 1.17 Goldman Sachs Group Inc/The 3.5% 16/11/2026 223,000 USD 220,707 221,252 0.45 Goldman Sachs Group Inc/The 4% 3/3/2024 284,000 USD 283,428 297,015 0.60 Janus Capital Group Inc 4.875% 1/8/2025 106,000 USD 105,164 114,138 0.23 JPMorgan Chase & Co FRN 1/2/2028 221,000 USD 221,000 225,902 0.46 JPMorgan Chase & Co 2.95% 1/10/2026 150,000 USD 149,707 144,926 0.29 JPMorgan Chase & Co 2.972% 15/1/2023 250,000 USD 248,811 252,645 0.51 Kraft Heinz Foods Co 4.375% 1/6/2046 201,000 USD 200,389 195,360 0.40 Kraft Heinz Foods Co 5% 15/7/2035 100,000 USD 99,144 107,798 0.22 Liberty Mutual Group Inc 4.85% 1/8/2044 ‘144A’ 111,000 USD 110,920 118,744 0.24 Lowe’s Cos Inc 3.1% 3/5/2027 384,000 USD 383,420 383,054 0.77 Maxim Integrated Products Inc 3.375% 15/3/2023 268,000 USD 266,286 272,905 0.55 Microsoft Corp 3.7% 8/8/2046 100,000 USD 99,529 98,815 0.20 Morgan Stanley FRN 20/1/2022 500,000 USD 505,198 503,894 1.02 Morgan Stanley 3.625% 20/1/2027 119,000 USD 117,862 119,533 0.24 Morgan Stanley 4% 23/7/2025 ‘GMTN’ 175,000 USD 179,286 182,223 0.37 MPLX LP 4.875% 1/12/2024 100,000 USD 104,557 107,000 0.22 MPLX LP 5.2% 1/3/2047 75,000 USD 74,804 77,156 0.16 Mylan Inc 3.125% 15/1/2023 ‘144A’ 106,000 USD 105,560 105,749 0.21 Penske Truck Leasing Co Lp / PTL Finance Corp 4.2% 1/4/2027 ‘144A’ 150,000 USD 149,798 155,219 0.31 Protective Life Global Funding 2.262% 8/4/2020 ‘144A’ 194,000 USD 194,000 193,585 0.39 Sabine Pass Liquefaction LLC 5.625% 15/4/2023 100,000 USD 111,516 111,250 0.23 SES GLOBAL Americas Holdings GP 5.3% 25/3/2044 ‘144A’ 245,000 USD 239,405 220,015 0.45 Simon Property Group LP 2.625% 15/6/2022 194,000 USD 193,829 194,771 0.39 Simon Property Group LP 3.375% 15/6/2027 90,000 USD 89,451 89,515 0.18 Union Pacific Corp 4% 15/4/2047 200,000 USD 197,333 204,658 0.41 United States Treasury Note/Bond 0.75% 31/12/2017 500,000 USD 499,027 498,906 1.01 United States Treasury Note/Bond 1.125% 31/1/2019 120,000 USD 119,899 119,588 0.24 United States Treasury Note/Bond 1.375% 30/4/2021 1,350,000 USD 1,359,344 1,334,180 2.70 United States Treasury Note/Bond 1.5% 31/5/2020 2,870,000 USD 2,892,520 2,867,758 5.80

187 EASTSPRING INVESTMENTS

US BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

United States Treasury Note/Bond 1.625% 31/5/2023 415,000 USD 418,698 406,376 0.82 United States Treasury Note/Bond 2% 31/10/2021 1,350,000 USD 1,360,562 1,362,445 2.76 United States Treasury Note/Bond 2.125% 15/5/2025 775,000 USD 769,180 771,367 1.56 United States Treasury Note/Bond 2.5% 15/2/2045 2,770,000 USD 2,677,140 2,587,786 5.23 United States Treasury Note/Bond 5% 15/5/2037 917,000 USD 954,115 1,259,585 2.55 Verisk Analytics Inc 5.5% 15/6/2045 112,000 USD 111,643 124,596 0.25 Verizon Communications Inc 4.125% 15/8/2046 141,000 USD 140,928 126,003 0.25 Wells Fargo & Co FRN 11/2/2022 500,000 USD 500,000 502,600 1.02 Wells Fargo & Co FRN 22/5/2028 ‘MTN’ 341,000 USD 341,000 343,970 0.70 Wells Fargo & Co 4.1% 3/6/2026 ‘MTN’ 78,000 USD 80,492 80,533 0.16 Wells Fargo & Co 4.3% 22/7/2027 ‘GMTN’ 23,000 USD 24,402 24,131 0.05 Willis North America Inc 3.6% 15/5/2024 42,000 USD 41,964 42,473 0.09 26,381,877 26,821,515 54.26

Total Bonds 31,081,508 31,561,832 63.84

SECURITISED ASSETS

United States of America AmeriCredit Automobile Receivables Trust 2017-1 1.51% 18/5/2020 ‘2017 1 A2A’ 134,000 USD 133,989 133,944 0.27 Ascentium Equipment Receivables 2016-1 Trust 1.75% 13/11/2018 ‘144A’ 85,589 USD 85,587 85,659 0.17 Ascentium Equipment Receivables 2016-2 Trust 1.46% 10/4/2019 ‘144A’ 72,928 USD 72,929 72,837 0.15 Ascentium Equipment Receivables 2016-2 Trust 1.65% 10/5/2022 ‘144A’ 77,000 USD 76,994 76,505 0.15 Ascentium Equipment Receivables 2017-1 Trust 1.87% 10/7/2019 ‘144A’ 42,000 USD 41,998 42,009 0.08 Ascentium Equipment Receivables 2017-1 Trust 2.29% 10/6/2021 ‘144A’ 53,000 USD 52,997 53,071 0.11 BA Credit Card Trust 1.95% 15/8/2022 ‘2017 A1 A1’ 166,000 USD 165,952 166,792 0.34 BANK 2017-BNK5 3.624% 15/6/2060 ‘2017 BNK5 AS’ 90,000 USD 92,697 92,697 0.19 California Republic Auto Receivables Trust 2015-4 2.04% 15/1/2020 ‘144A’ 427,777 USD 429,247 428,693 0.87 CarMax Auto Owner Trust 2016-2 1.52% 16/2/2021 ‘2016 2 A3’ 240,000 USD 239,987 239,639 0.48 COMM 2015-CCRE25 Mortgage Trust 3.759% 10/8/2048 ‘2015 CR25 A4’ 400,000 USD 419,953 420,064 0.85 Dell Equipment Finance Trust 2017-1 2.14% 22/4/2022 ‘144A’ 100,000 USD 99,995 100,205 0.20 Fannie Mae Pool ‘310125’ 2.5% 1/5/2028 309,409 USD 312,328 312,187 0.63 Fannie Mae Pool ‘AE0313’ 4.5% 1/9/2040 531,205 USD 574,449 572,190 1.16 Fannie Mae Pool ‘AE0822’ 4.5% 1/2/2041 454,029 USD 486,500 489,548 0.99 Fannie Mae Pool ‘AL3155’ 3% 1/12/2027 488,778 USD 502,959 502,755 1.02 Fannie Mae Pool ‘AR2001’ 3% 1/2/2043 1,600,170 USD 1,536,261 1,607,957 3.25 Fannie Mae Pool ‘AS6311’ 3.5% 1/12/2045 368,105 USD 384,980 378,939 0.77 Fannie Mae Pool ‘AS7003’ 3% 1/4/2046 138,715 USD 137,718 139,002 0.28 Fannie Mae Pool ‘AS7060’ 3% 1/4/2031 115,660 USD 121,520 118,857 0.24 Fannie Mae Pool ‘AS8271’ 3% 1/11/2046 132,676 USD 133,192 132,951 0.27 Fannie Mae Pool ‘AY8445’ 3% 1/8/2030 227,558 USD 235,025 234,417 0.47 Fannie Mae Pool ‘AZ9565’ 3.5% 1/12/2045 338,216 USD 356,739 348,173 0.70 Fannie Mae Pool ‘BC0769’ 4% 1/12/2045 517,993 USD 555,801 545,444 1.10 Fannie Mae Pool ‘BE7133’ 4% 1/2/2047 54,179 USD 57,016 57,074 0.12 Fannie Mae Pool ‘MA2836’ 4.5% 1/12/2046 25,322 USD 27,103 27,323 0.06 Fannie Mae Pool ‘MA2868’ 2.5% 1/1/2032 635,260 USD 653,673 639,673 1.29 Freddie Mac Gold Pool ‘A93101’ 5% 1/7/2040 352,801 USD 375,369 385,315 0.78 Freddie Mac Gold Pool ‘G07535’ 4% 1/3/2043 389,091 USD 399,320 413,998 0.84 Freddie Mac Gold Pool ‘G08687’ 3.5% 1/1/2046 179,230 USD 182,451 184,529 0.37 Freddie Mac Gold Pool ‘G08717’ 4% 1/8/2046 161,200 USD 168,857 169,908 0.34 Freddie Mac Gold Pool ‘Q08239’ 3.5% 1/5/2042 270,520 USD 275,513 279,614 0.57 Freddie Mac Gold Pool ‘Q08997’ 3.5% 1/6/2042 317,470 USD 321,901 328,163 0.66 Freddie Mac Gold Pool ‘Q44375’ 3% 1/11/2046 72,864 USD 72,819 73,060 0.15 Ginnie Mae II Pool ‘MA2960’ 3% 20/7/2045 337,658 USD 337,658 342,303 0.69 Ginnie Mae II Pool ‘MA3874’ 3.5% 20/8/2046 259,856 USD 275,610 269,868 0.55 Ginnie Mae II Pool ‘MA3937’ 3.5% 20/9/2046 1,164,102 USD 1,222,399 1,208,250 2.44 Ginnie Mae II Pool ‘MA4126’ 3% 20/12/2046 800,817 USD 834,257 811,875 1.64 Ginnie Mae II Pool ‘MA4383’ 4% 20/4/2047 524,076 USD 554,538 553,332 1.12 GM Financial Automobile Leasing Trust 2016-2 1.62% 20/9/2019 ‘2016 2 A3’ 213,000 USD 212,979 212,907 0.43

188 EASTSPRING INVESTMENTS

US BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

GM Financial Automobile Leasing Trust 2017-1 2.06% 20/5/2020 ‘2017 1 A3’ 163,000 USD 162,993 163,767 0.33 GM Financial Consumer Automobile 2017-1 1.78% 18/10/2021 ‘144A’ 186,000 USD 185,973 186,246 0.38 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 1.72% 22/4/2019 ‘144A’ 100,000 USD 99,989 99,953 0.20 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 2.06% 22/6/2020 ‘144A’ 100,000 USD 100,000 100,160 0.20 GS Mortgage Securities Trust 2011-GC3 4.753% 10/3/2044 ‘144A’ 2,181,599 USD 2,201,148 2,328,529 4.72 Hilton Grand Vacations Trust 2017-A 2.66% 26/12/2028 ‘144A’ 124,433 USD 124,416 124,590 0.25 Hudson Yards 2016-10HY Mortgage Trust 2.835% 10/8/2038 ‘144A’ 225,000 USD 231,461 220,236 0.45 Leaf Receivables Funding 12 LLC 1.72% 15/5/2019 ‘144A’ 100,000 USD 99,991 99,914 0.20 MMCA Auto Owner Trust 2014-A 1.21% 16/12/2019 ‘144A’ 84,278 USD 84,274 84,239 0.17 Toyota Auto Receivables 2016-B Owner Trust 1.02% 15/10/2018 ‘2016 B A2A’ 199,158 USD 199,154 199,028 0.40 WFRBS Commercial Mortgage Trust 2013-C11 3.311% 15/3/2045 ‘2013 C11 AS’ 400,000 USD 410,350 408,128 0.83 17,121,009 17,266,517 34.92

Total Securitised Assets 17,121,009 17,266,517 34.92

Total Investments 48,509,582 49,135,414 99.38

Other Net Assets 305,619 0.62

Total Net Assets 49,441,033 100.00

189 Eastspring Investments – US Corporate Bond Fund (“US Corporate Bond Fund”)

EASTSPRING INVESTMENTS

US CORPORATE BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland BNY Mellon U.S. Dollar Liquidity Fund ‘Investor’ 8,016,081 USD 8,016,081 8,016,081 0.16

Total Mutual Funds 8,016,081 8,016,081 0.16

BONDS

Australia Commonwealth Bank of Australia 2% 6/9/2021 ‘144A’ 39,844,000 USD 39,812,425 39,126,489 0.78 Commonwealth Bank of Australia/New York NY 2.3% 6/9/2019 34,807,000 USD 34,777,827 34,972,368 0.70 Origin Energy Finance Ltd 3.5% 9/10/2018 ‘144A’ 7,134,000 USD 7,130,698 7,169,670 0.14 Rio Tinto Finance USA Ltd 7.125% 15/7/2028 2,915,000 USD 2,624,333 3,863,926 0.08 Westpac Banking Corp 1.375% 30/5/2018 ‘144A’ 15,000,000 USD 14,996,174 14,963,235 0.30 Westpac Banking Corp 1.6% 19/8/2019 27,000,000 USD 26,996,560 26,765,694 0.54 Westpac Banking Corp 2% 3/3/2020 ‘144A’ 10,000,000 USD 9,992,964 9,983,930 0.20 136,330,981 136,845,312 2.74

Austria Oesterreichische Kontrollbank AG 1.875% 20/1/2021 12,000,000 USD 11,974,141 11,978,712 0.24

Brazil Samarco Mineracao SA 5.375% 26/9/2024 ‘144A’ (Defaulted) 5,676,000 USD 5,666,909 3,178,560 0.06

Canada Bank of Nova Scotia/The 2.7% 7/3/2022 16,178,000 USD 16,150,637 16,307,812 0.33 Canadian National Railway Co 6.25% 1/8/2034 725,000 USD 743,088 960,026 0.02 Export Development Canada 1% 13/9/2019 10,000,000 USD 9,989,901 9,844,030 0.20 Methanex Corp 5.65% 1/12/2044 1,685,000 USD 1,675,050 1,611,278 0.03 Province of Ontario Canada 1.65% 27/9/2019 16,389,000 USD 16,348,236 16,278,784 0.32 Province of Ontario Canada 2.5% 27/4/2026 10,000,000 USD 9,967,488 9,864,050 0.20 Province of Quebec Canada 2.5% 20/4/2026 5,000,000 USD 4,986,860 4,916,730 0.10 Province of Quebec Canada 2.75% 12/4/2027 15,000,000 USD 14,849,383 14,942,355 0.30 Royal Bank of Canada 2.1% 14/10/2020 20,000,000 USD 19,995,675 19,976,460 0.40 Royal Bank of Canada 2.125% 2/3/2020 ‘GMTN’ 26,316,000 USD 26,299,143 26,404,237 0.53 Toronto-Dominion Bank/The 1.45% 13/8/2019 14,500,000 USD 14,499,108 14,368,993 0.29 Toronto-Dominion Bank/The 2.25% 25/9/2019 ‘144A’ 25,000,000 USD 24,973,800 25,178,100 0.50 Toronto-Dominion Bank/The 2.25% 15/3/2021 ‘144A’ 22,131,000 USD 22,105,660 22,156,429 0.44 182,584,029 182,809,284 3.66

Colombia Colombia Government International Bond 6.125% 18/1/2041 4,000,000 USD 4,321,558 4,614,736 0.09 Ecopetrol SA 5.375% 26/6/2026 6,750,000 USD 6,712,956 7,011,563 0.14 11,034,514 11,626,299 0.23

Germany FMS Wertmanagement AoeR 1% 16/8/2019 ‘MTN’ 8,000,000 USD 7,981,747 7,898,752 0.16 Kreditanstalt fuer Wiederaufbau 1% 7/9/2018 28,000,000 USD 27,990,918 27,860,757 0.55 Kreditanstalt fuer Wiederaufbau 1% 15/7/2019 16,000,000 USD 15,996,631 15,816,384 0.32 Kreditanstalt fuer Wiederaufbau 1.5% 6/2/2019 26,728,000 USD 26,693,118 26,726,931 0.53 Kreditanstalt fuer Wiederaufbau 1.5% 20/4/2020 20,000,000 USD 19,957,140 19,892,960 0.40 Kreditanstalt fuer Wiederaufbau 1.75% 31/3/2020 19,600,000 USD 19,598,776 19,536,280 0.39 Kreditanstalt fuer Wiederaufbau 1.875% 1/4/2019 10,000,000 USD 9,988,790 10,061,020 0.20 Kreditanstalt fuer Wiederaufbau 1.875% 30/11/2020 15,385,000 USD 15,363,140 15,361,199 0.31 143,570,260 143,154,283 2.86

Guernsey Credit Suisse Group Funding Guernsey Ltd 3.8% 9/6/2023 12,248,000 USD 12,218,273 12,484,276 0.25

190 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

International African Development Bank 1.125% 20/9/2019 8,000,000 USD 7,993,740 7,917,800 0.16 Asian Development Bank 0.875% 26/4/2018 ‘GMTN’ 16,000,000 USD 15,988,914 15,939,936 0.32 Asian Development Bank 1% 16/8/2019 ‘GMTN’ 14,000,000 USD 13,978,165 13,838,916 0.28 Asian Development Bank 1.375% 15/1/2019 ‘GMTN’ 25,000,000 USD 24,955,938 24,965,750 0.50 Asian Development Bank 1.75% 8/6/2021 ‘GMTN’ 15,000,000 USD 14,967,211 14,916,945 0.30 European Bank for Reconstruction & Development 2% 1/2/2021 ‘GMTN’ 15,000,000 USD 14,992,756 15,036,465 0.30 European Investment Bank 1% 15/6/2018 35,000,000 USD 34,988,445 34,868,750 0.70 European Investment Bank 1.75% 17/6/2019 38,000,000 USD 38,198,856 38,136,685 0.77 Inter-American Development Bank 1% 13/5/2019 22,703,000 USD 22,661,967 22,501,057 0.45 Inter-American Development Bank 1.375% 15/7/2020 10,000,000 USD 9,987,951 9,886,920 0.20 Inter-American Development Bank 1.625% 12/5/2020 ‘GMTN’ 26,261,000 USD 26,203,435 26,190,043 0.52 International Bank for Reconstruction & Development 1% 15/6/2018 12,174,000 USD 12,167,659 12,128,348 0.24 International Bank for Reconstruction & Development 1.375% 10/4/2018 30,000,000 USD 29,977,989 30,000,000 0.60 International Bank for Reconstruction & Development 1.375% 24/5/2021 30,000,000 USD 29,939,372 29,510,280 0.59 International Bank for Reconstruction & Development 1.875% 21/4/2020 21,960,000 USD 21,942,699 22,045,402 0.44 318,945,097 317,883,297 6.37

Ireland GE Capital International Funding Co Unlimited Co 4.418% 15/11/2035 15,981,000 USD 15,249,673 17,241,901 0.34 Perrigo Finance Unlimited Co 3.5% 15/3/2021 1,280,000 USD 1,278,830 1,324,571 0.03 Perrigo Finance Unlimited Co 3.9% 15/12/2024 8,750,000 USD 8,864,469 8,867,469 0.18 25,392,972 27,433,941 0.55

Italy Eni SpA 5.7% 1/10/2040 ‘144A’ 2,708,000 USD 2,643,065 2,768,979 0.06

Japan Japan Bank for International Cooperation/Japan 2.125% 1/6/2020 14,000,000 USD 13,989,030 13,981,604 0.28 Japan Bank for International Cooperation/Japan 2.25% 24/2/2020 8,500,000 USD 8,479,558 8,505,950 0.17 22,468,588 22,487,554 0.45

Luxembourg Allergan Funding SCS 3.45% 15/3/2022 4,170,000 USD 4,166,038 4,303,861 0.09 Allergan Funding SCS 4.75% 15/3/2045 1,753,000 USD 1,739,395 1,881,058 0.04 Allergan Funding SCS 4.85% 15/6/2044 8,437,000 USD 7,986,253 9,115,209 0.17 Pentair Finance SA 2.65% 1/12/2019 5,800,000 USD 5,795,307 5,806,444 0.12 Prologis International Funding II SA 4.875% 15/2/2020 ‘144A’ 7,723,000 USD 7,702,189 8,001,978 0.16 27,389,182 29,108,550 0.58

Mexico Grupo Bimbo SAB de CV 4.875% 27/6/2044 ‘144A’ 1,674,000 USD 1,473,739 1,667,475 0.03 Grupo Televisa SAB 6.125% 31/1/2046 6,874,000 USD 6,852,981 7,717,797 0.15 Mexico Government International Bond 4% 2/10/2023 28,300,000 USD 28,585,349 29,596,225 0.60 Mexico Government International Bond 4.35% 15/1/2047 12,500,000 USD 12,467,844 11,717,975 0.23 Mexico Government International Bond 5.75% 12/10/2110 4,420,000 USD 4,181,829 4,556,675 0.09 Petroleos Mexicanos 5.5% 27/6/2044 3,536,000 USD 3,596,854 3,131,223 0.06 Petroleos Mexicanos 6.5% 2/6/2041 12,802,000 USD 12,621,723 12,760,970 0.26 Petroleos Mexicanos 6.75% 21/9/2047 8,310,000 USD 7,763,930 8,431,775 0.17 77,544,249 79,580,115 1.59

Netherlands ABN AMRO Bank NV 2.1% 18/1/2019 ‘144A’ 23,000,000 USD 23,001,198 23,027,577 0.46 Airbus Group Finance BV 2.7% 17/4/2023 ‘144A’ 7,500,000 USD 7,489,066 7,539,450 0.15 Cooperatieve Rabobank UA 4.625% 1/12/2023 15,000,000 USD 15,598,470 16,149,915 0.32 Deutsche Telekom International Finance BV 2.225% 17/1/2020 ‘144A’ 15,000,000 USD 14,992,397 15,041,505 0.30

191 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

LYB International Finance BV 4.875% 15/3/2044 7,400,000 USD 7,429,857 7,892,773 0.16 LYB International Finance II BV 3.5% 2/3/2027 12,925,000 USD 12,796,279 12,811,906 0.26 Mylan NV 3.95% 15/6/2026 15,984,000 USD 15,817,280 16,197,722 0.32 Shell International Finance BV 3.25% 11/5/2025 10,712,000 USD 10,686,340 10,909,765 0.22 Shell International Finance BV 4% 10/5/2046 17,650,000 USD 17,448,685 17,360,275 0.35 Shell International Finance BV 5.5% 25/3/2040 1,500,000 USD 1,463,804 1,816,934 0.04 Siemens Financieringsmaatschappij NV 1.7% 15/9/2021 ‘144A’ 12,798,000 USD 12,691,493 12,439,131 0.25 Siemens Financieringsmaatschappij NV 2.35% 15/10/2026 ‘144A’ 25,000,000 USD 24,934,004 23,509,674 0.47 Siemens Financieringsmaatschappij NV 2.7% 16/3/2022 ‘144A’ 22,750,000 USD 22,701,568 23,074,165 0.46 Teva Pharmaceutical Finance Netherlands III BV 3.15% 1/10/2026 9,612,000 USD 9,041,410 9,125,912 0.18 196,091,851 196,896,704 3.94

Norway Statoil ASA 2.9% 8/11/2020 16,114,000 USD 16,112,067 16,460,822 0.33

Spain Telefonica Emisiones SAU 7.045% 20/6/2036 4,000,000 USD 3,928,412 5,206,500 0.10

Sweden Nordea Bank AB 2.375% 4/4/2019 ‘144A’ 16,779,000 USD 16,753,636 16,902,208 0.34 Svensk Exportkredit AB 1.25% 12/4/2019 ‘GMTN’ 12,000,000 USD 11,995,596 11,923,524 0.24 28,749,232 28,825,732 0.58

Switzerland Credit Suisse Group AG 4.282% 9/1/2028 ‘144A’ 19,299,000 USD 19,299,000 19,906,011 0.40 UBS AG/London 2.2% 8/6/2020 ‘144A’ 27,561,000 USD 27,543,272 27,582,856 0.55 46,842,272 47,488,867 0.95

United Kingdom Bank of England Euro Note 1.75% 6/3/2020 ‘144A’ 20,820,000 USD 20,815,742 20,840,362 0.42 Barclays Plc 3.65% 16/3/2025 5,000,000 USD 4,987,878 4,955,430 0.10 BG Energy Capital Plc 5.125% 15/10/2041 ‘144A’ 3,100,000 USD 3,056,955 3,425,119 0.07 BP Capital Markets Plc 2.75% 10/5/2023 13,709,000 USD 13,628,550 13,674,207 0.27 BP Capital Markets Plc 3.588% 14/4/2027 8,450,000 USD 8,449,431 8,605,759 0.17 HSBC Holdings Plc FRN 13/3/2028 9,692,000 USD 9,692,000 10,002,793 0.20 HSBC Holdings Plc 4.25% 14/3/2024 7,411,000 USD 7,378,280 7,644,024 0.15 HSBC Holdings Plc 4.375% 23/11/2026 5,181,000 USD 5,180,611 5,354,475 0.11 HSBC Holdings Plc 6.8% 1/6/2038 3,725,000 USD 3,793,570 4,941,000 0.10 HSBC Holdings Plc 7.35% 27/11/2032 1,200,000 USD 1,236,666 1,565,129 0.03 Imperial Brands Finance Plc 2.05% 11/2/2018 ‘144A’ 13,250,000 USD 13,248,528 13,267,146 0.27 Reckitt Benckiser Treasury Services Plc 2.375% 24/6/2022 ‘144A’ 24,000,000 USD 23,977,538 23,791,536 0.47 Reckitt Benckiser Treasury Services Plc 2.75% 26/6/2024 ‘144A’ 23,994,000 USD 23,968,166 23,812,054 0.47 Sky Plc 3.125% 26/11/2022 ‘144A’ 1,761,000 USD 1,756,875 1,789,174 0.04 Sky Plc 3.75% 16/9/2024 ‘144A’ 13,941,000 USD 13,902,851 14,250,197 0.29 Sky Plc 9.5% 15/11/2018 ‘144A’ 5,000,000 USD 5,070,451 5,480,540 0.11 TechnipFMC Plc 3.45% 1/10/2022 ‘144A’ 2,071,000 USD 2,070,077 2,064,046 0.04 Trinity Acquisition Plc 4.4% 15/3/2026 4,875,000 USD 4,857,072 4,982,898 0.10 167,071,241 170,445,889 3.41

United States of America 21st Century Fox America Inc 4.75% 15/9/2044 5,000,000 USD 5,083,960 5,277,865 0.11 21st Century Fox America Inc 6.15% 15/2/2041 3,466,000 USD 3,670,618 4,376,397 0.09 21st Century Fox America Inc 6.65% 15/11/2037 4,670,000 USD 4,852,648 6,165,768 0.12 Abbott Laboratories 3.4% 30/11/2023 36,600,000 USD 36,442,651 37,398,867 0.75 Abbott Laboratories 3.75% 30/11/2026 6,000,000 USD 5,922,441 6,114,774 0.12 Abbott Laboratories 4.9% 30/11/2046 6,000,000 USD 6,229,212 6,610,878 0.13 AbbVie Inc 4.45% 14/5/2046 7,015,000 USD 6,969,648 7,249,925 0.15 Activision Blizzard Inc 4.5% 15/6/2047 10,000,000 USD 9,855,887 10,068,590 0.20 AIG SunAmerica Global Financing X 6.9% 15/3/2032 ‘144A’ 4,290,000 USD 4,545,756 5,676,464 0.11 Alabama Power Co 5.2% 1/6/2041 5,000,000 USD 4,994,539 5,826,670 0.12 Alabama Power Co 5.5% 15/3/2041 3,000,000 USD 2,982,072 3,587,958 0.07 Altria Group Inc 5.375% 31/1/2044 3,296,000 USD 3,475,790 3,961,294 0.08

192 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Ameren Illinois Co 4.3% 1/7/2044 7,461,000 USD 7,422,880 8,038,086 0.16 American Airlines 2013-2 Class A Pass Through Trust 4.95% 15/1/2023 4,711,683 USD 4,711,683 5,041,501 0.10 American Airlines 2016-2 Class A Pass Through Trust 3.65% 15/6/2028 6,331,000 USD 6,331,000 6,410,138 0.13 American Airlines 2016-2 Class AA Pass Through Trust 3.2% 15/6/2028 9,296,830 USD 9,296,830 9,250,346 0.19 American Express Credit Corp 3.3% 3/5/2027 ‘MTN’ 16,083,000 USD 15,889,219 16,130,847 0.32 American Municipal Power Inc 7.834% 15/2/2041 1,525,000 USD 1,525,000 2,252,273 0.05 American Tower Corp 3.3% 15/2/2021 9,713,000 USD 9,702,832 9,969,200 0.20 American Tower Trust #1 3.07% 15/3/2023 ‘144A’ 19,767,000 USD 19,817,866 19,873,524 0.40 Amgen Inc 2.2% 11/5/2020 20,000,000 USD 19,989,521 20,111,700 0.40 Amgen Inc 6.4% 1/2/2039 2,611,000 USD 2,602,235 3,304,936 0.07 Anheuser-Busch InBev Finance Inc 2.625% 17/1/2023 17,500,000 USD 17,477,954 17,448,953 0.35 Anheuser-Busch InBev Finance Inc 3.65% 1/2/2026 8,000,000 USD 8,265,327 8,220,032 0.16 Anheuser-Busch InBev Finance Inc 4.9% 1/2/2046 35,518,000 USD 38,136,217 39,903,904 0.80 Apache Corp 5.1% 1/9/2040 2,708,000 USD 2,692,379 2,841,133 0.06 Appalachian Power Co 7% 1/4/2038 1,750,000 USD 1,742,014 2,443,131 0.05 Apple Inc 2.85% 11/5/2024 14,862,000 USD 14,848,190 14,945,554 0.30 Apple Inc 3.2% 11/5/2027 11,966,000 USD 11,966,000 12,118,399 0.24 Apple Inc 3.85% 4/5/2043 6,250,000 USD 6,218,671 6,232,206 0.12 Apple Inc 4.65% 23/2/2046 5,171,000 USD 5,142,521 5,819,474 0.12 AT&T Inc 4.5% 15/5/2035 7,901,000 USD 7,880,654 7,779,277 0.16 AT&T Inc 4.5% 9/3/2048 3,300,000 USD 3,012,109 3,102,746 0.06 AT&T Inc 5.25% 1/3/2037 8,992,000 USD 8,950,509 9,564,745 0.19 AT&T Inc 5.65% 15/2/2047 9,672,000 USD 9,650,397 10,705,917 0.21 AT&T Inc 6.375% 1/3/2041 1,500,000 USD 1,499,396 1,761,549 0.04 AutoZone Inc 3.25% 15/4/2025 4,646,000 USD 4,636,245 4,570,791 0.09 Aviation Capital Group Corp 2.875% 20/1/2022 ‘144A’ 15,750,000 USD 15,659,011 15,695,395 0.31 Baltimore Gas & Electric Co 6.35% 1/10/2036 955,000 USD 950,253 1,254,694 0.03 Bank of America Corp FRN 24/4/2028 36,750,000 USD 36,792,415 37,037,605 0.74 Bank of America Corp FRN 20/1/2028 ‘MTN’ 5,000,000 USD 5,000,586 5,077,960 0.10 Bank of America Corp 3.248% 21/10/2027 ‘MTN’ 5,000,000 USD 5,000,000 4,820,735 0.10 Bank of America Corp 3.3% 11/1/2023 ‘GMTN’ 39,867,000 USD 39,920,445 40,625,030 0.81 Bank of America Corp 3.875% 1/8/2025 ‘MTN’ 10,950,000 USD 10,991,628 11,299,316 0.23 Bank of America Corp 3.95% 21/4/2025 19,623,000 USD 19,582,039 19,873,252 0.40 Bank of America Corp 4% 22/1/2025 ‘MTN’ 2,539,000 USD 2,552,193 2,580,505 0.05 Bank of America Corp 4.1% 24/7/2023 14,283,000 USD 14,530,508 15,118,570 0.30 Bank of America Corp 5.625% 1/7/2020 ‘MTN’ 13,075,000 USD 13,238,019 14,301,252 0.29 Bank of America Corp 5.75% 1/12/2017 9,750,000 USD 9,729,232 9,915,692 0.20 Bank of New York Mellon Corp/The 2.2% 16/8/2023 ‘MTN’ 4,250,000 USD 4,243,541 4,123,006 0.08 Bayer US Finance LLC 2.375% 8/10/2019 ‘144A’ 15,000,000 USD 14,968,875 15,143,115 0.30 Becton Dickinson and Co 3.734% 15/12/2024 6,000,000 USD 6,010,681 6,095,514 0.12 Berkshire Hathaway Finance Corp 5.75% 15/1/2040 2,761,000 USD 2,893,992 3,528,160 0.07 Berkshire Hathaway Inc 1.15% 15/8/2018 5,000,000 USD 4,999,665 4,981,910 0.10 Boston Gas Co 4.487% 15/2/2042 ‘144A’ 3,215,000 USD 3,215,000 3,444,307 0.07 Boston Properties LP 4.125% 15/5/2021 2,250,000 USD 2,243,866 2,370,899 0.05 Bunge Ltd Finance Corp 8.5% 15/6/2019 1,662,000 USD 1,661,989 1,858,229 0.04 Burlington Northern and Santa Fe Railway Co 2006-1 Pass Through Trust 5.72% 15/1/2024 312,868 USD 304,654 344,987 0.01 Burlington Northern Santa Fe LLC 3.75% 1/4/2024 9,455,000 USD 9,434,273 10,021,128 0.20 Burlington Northern Santa Fe LLC 4.55% 1/9/2044 4,500,000 USD 4,477,460 4,981,167 0.10 Burlington Northern Santa Fe LLC 5.4% 1/6/2041 6,000,000 USD 5,985,100 7,287,750 0.15 Burlington Northern Santa Fe LLC 5.75% 1/5/2040 2,119,000 USD 2,113,556 2,667,745 0.05 Capital One Financial Corp 3.75% 9/3/2027 10,615,000 USD 10,453,851 10,589,821 0.21 Capital One NA/Mclean VA 2.4% 5/9/2019 6,107,000 USD 6,097,175 6,129,578 0.12 Cargill Inc 4.76% 23/11/2045 ‘144A’ 2,932,000 USD 2,873,634 3,347,409 0.07 CBS Corp 3.375% 15/2/2028 8,750,000 USD 8,664,928 8,578,491 0.17 Celgene Corp 4.625% 15/5/2044 5,177,000 USD 5,153,688 5,454,042 0.11 Cintas Corp No 2 3.7% 1/4/2027 22,309,000 USD 22,225,945 23,066,457 0.46 Citibank NA 2.1% 12/6/2020 ‘BKNT’ 38,380,000 USD 38,363,841 38,432,426 0.77 Citigroup Inc 1.8% 5/2/2018 14,000,000 USD 13,999,525 14,012,180 0.28 Citigroup Inc 3.2% 21/10/2026 12,700,000 USD 12,693,030 12,321,934 0.25 Citigroup Inc 4.125% 25/7/2028 27,625,000 USD 27,534,162 27,908,350 0.56 Citigroup Inc 4.45% 29/9/2027 10,500,000 USD 10,526,976 10,920,714 0.22

193 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

City of Chicago IL 6.034% 1/1/2042 3,000,000 USD 3,000,000 2,578,740 0.05 City of New York NY 6.646% 1/12/2031 2,300,000 USD 2,300,000 2,610,155 0.05 Columbia Pipeline Group Inc 4.5% 1/6/2025 3,932,000 USD 3,927,251 4,211,404 0.08 Columbia Pipeline Group Inc 5.8% 1/6/2045 4,916,000 USD 4,905,580 5,848,762 0.12 Columbia Property Trust Operating Partnership LP 3.65% 15/8/2026 8,750,000 USD 8,720,222 8,485,978 0.17 Comcast Cable Communications Holdings Inc 9.455% 15/11/2022 1,050,000 USD 1,156,255 1,407,666 0.03 Comcast Corp 3.375% 15/8/2025 13,120,000 USD 13,106,985 13,453,432 0.27 Comcast Corp 3.4% 15/7/2046 11,151,000 USD 11,002,490 10,137,965 0.20 Comcast Corp 6.4% 1/3/2040 848,000 USD 844,952 1,137,414 0.02 Comcast Corp 6.5% 15/11/2035 825,000 USD 825,248 1,090,429 0.02 Comcast Corp 6.55% 1/7/2039 1,000,000 USD 996,346 1,358,546 0.03 Comcast Corp 6.95% 15/8/2037 2,024,000 USD 2,242,707 2,854,933 0.06 Commonwealth of Massachusetts Transportation Fund Revenue 5.731% 1/6/2040 1,174,000 USD 1,174,000 1,529,358 0.03 Consolidated Edison Co of New York Inc 3.85% 15/6/2046 13,500,000 USD 13,481,626 13,529,619 0.27 Consolidated Edison Co of New York Inc 4.45% 15/3/2044 17,000,000 USD 16,987,300 18,669,247 0.37 Continental Airlines 2001-1 Class A-1 Pass Through Trust 6.703% 15/6/2021 145,701 USD 145,342 156,811 0.00 Continental Airlines 2012-1 Class A Pass Through Trust 4.15% 11/4/2024 11,951,305 USD 11,927,884 12,623,566 0.25 Continental Airlines 2012-2 Class A Pass Through Trust 4% 29/10/2024 2,377,317 USD 2,377,317 2,496,183 0.05 Costco Wholesale Corp 2.75% 18/5/2024 28,000,000 USD 27,889,129 27,931,680 0.56 Crown Castle International Corp 2.25% 1/9/2021 7,230,000 USD 7,228,318 7,119,670 0.14 Crown Castle International Corp 3.7% 15/6/2026 10,835,000 USD 10,596,117 10,897,225 0.22 CVS Health Corp 2.875% 1/6/2026 17,300,000 USD 17,167,661 16,776,848 0.34 CVS Health Corp 5.3% 5/12/2043 5,352,000 USD 5,342,855 6,194,399 0.12 CVS Pass-Through Trust 6.036% 10/12/2028 3,981,594 USD 3,929,838 4,485,651 0.09 CVS Pass-Through Trust 7.507% 10/1/2032 ‘144A’ 497,235 USD 497,235 616,379 0.01 Daimler Finance North America LLC 2.25% 2/3/2020 ‘144A’ 15,200,000 USD 15,181,385 15,234,139 0.30 Dell International LLC / EMC Corp 6.02% 15/6/2026 ‘144A’ 8,775,000 USD 9,289,520 9,677,070 0.19 Dell International LLC / EMC Corp 8.35% 15/7/2046 ‘144A’ 4,015,000 USD 4,011,906 5,173,179 0.10 Delta Air Lines 2009-1 Class A Pass Through Trust 7.75% 17/12/2019 283,212 USD 283,212 311,534 0.01 Discover Bank 2.6% 13/11/2018 8,000,000 USD 7,997,908 8,056,592 0.16 Discovery Communications LLC 4.875% 1/4/2043 3,500,000 USD 3,207,153 3,265,462 0.07 Dominion Energy Inc 2% 15/8/2021 13,235,000 USD 13,219,465 12,970,882 0.26 Dominion Energy Inc 7% 15/6/2038 1,557,000 USD 1,548,644 2,084,575 0.04 Dow Chemical Co/The 4.625% 1/10/2044 5,000,000 USD 4,924,651 5,327,985 0.11 Dow Chemical Co/The 8.55% 15/5/2019 8,130,000 USD 8,413,733 9,117,039 0.18 Dr Pepper Snapple Group Inc 3.13% 15/12/2023 10,157,000 USD 10,153,450 10,324,976 0.21 Dr Pepper Snapple Group Inc 4.42% 15/12/2046 9,777,000 USD 9,769,038 10,121,033 0.20 Duke Energy Carolinas LLC 4.25% 15/12/2041 6,250,000 USD 6,241,392 6,646,344 0.13 Duke Energy Progress LLC 4.1% 15/3/2043 7,130,000 USD 7,085,123 7,410,216 0.15 Duke Realty LP 3.875% 15/2/2021 8,500,000 USD 8,489,190 8,850,821 0.18 Dun & Bradstreet Corp/The 4.25% 15/6/2020 14,139,000 USD 14,106,479 14,493,677 0.29 EI du Pont de Nemours & Co FRN 1/5/2020 14,972,000 USD 14,972,000 15,062,491 0.30 EI du Pont de Nemours & Co 2.2% 1/5/2020 18,848,000 USD 18,828,456 18,936,774 0.38 Energy Transfer LP 5.15% 15/3/2045 17,413,000 USD 17,005,554 16,918,192 0.34 Energy Transfer LP 6.625% 15/10/2036 937,000 USD 925,126 1,056,727 0.02 Entergy Louisiana LLC 3.12% 1/9/2027 12,937,000 USD 12,930,733 12,882,432 0.26 Enterprise Products Operating LLC 4.85% 15/3/2044 4,174,000 USD 4,205,650 4,407,928 0.09 Enterprise Products Operating LLC 4.95% 15/10/2054 3,387,000 USD 3,335,130 3,542,849 0.07 Enterprise Products Operating LLC 5.7% 15/2/2042 5,485,000 USD 5,572,339 6,406,288 0.13 Enterprise Products Operating LLC 6.125% 15/10/2039 886,000 USD 881,970 1,071,978 0.02 Enterprise Products Operating LLC 7.55% 15/4/2038 2,170,000 USD 2,161,761 2,960,451 0.06 Equity Commonwealth 5.875% 15/9/2020 938,000 USD 931,531 1,003,590 0.02 ERAC USA Finance LLC 2.8% 1/11/2018 ‘144A’ 4,758,000 USD 4,756,218 4,807,869 0.10 ERAC USA Finance LLC 3.85% 15/11/2024 ‘144A’ 5,000,000 USD 5,015,734 5,147,200 0.10 ERAC USA Finance LLC 4.5% 15/2/2045 ‘144A’ 2,585,000 USD 2,557,586 2,554,549 0.05 Everest Reinsurance Holdings Inc 4.868% 1/6/2044 4,970,000 USD 4,970,000 5,114,021 0.10 Exelon Corp 2.45% 15/4/2021 3,333,000 USD 3,332,398 3,321,721 0.07 Exelon Corp 3.497% 1/6/2022 4,333,000 USD 4,345,490 4,433,742 0.09 Exelon Generation Co LLC 2.95% 15/1/2020 4,604,000 USD 4,603,557 4,679,616 0.09

194 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Exelon Generation Co LLC 6.25% 1/10/2039 1,331,000 USD 1,329,655 1,451,322 0.03 Express Scripts Holding Co 4.5% 25/2/2026 12,580,000 USD 12,702,364 13,318,622 0.27 Express Scripts Holding Co 4.8% 15/7/2046 6,368,000 USD 6,357,228 6,491,342 0.13 Exxon Mobil Corp 4.114% 1/3/2046 6,338,000 USD 6,338,000 6,675,061 0.13 Five Corners Funding Trust 4.419% 15/11/2023 ‘144A’ 16,307,000 USD 16,302,586 17,522,507 0.35 FMR LLC 4.95% 1/2/2033 ‘144A’ 6,065,000 USD 6,059,048 6,723,301 0.13 FMR LLC 6.45% 15/11/2039 ‘144A’ 2,154,000 USD 2,230,922 2,831,187 0.06 Ford Motor Co 5.291% 8/12/2046 3,600,000 USD 3,612,398 3,672,324 0.07 Ford Motor Credit Co LLC 3.664% 8/9/2024 13,863,000 USD 13,964,869 13,832,155 0.28 Ford Motor Credit Co LLC 4.134% 4/8/2025 9,700,000 USD 9,715,357 9,829,534 0.20 Fortive Corp 2.35% 15/6/2021 12,011,000 USD 12,008,823 11,952,615 0.24 General Electric Co FRN Perpetual 22,002,000 USD 20,399,463 23,344,562 0.47 General Electric Co 6.75% 15/3/2032 ‘MTNA’ 1,761,000 USD 2,130,379 2,415,393 0.05 General Motors Financial Co Inc 3.7% 9/5/2023 8,000,000 USD 8,054,010 8,122,944 0.16 General Motors Financial Co Inc 3.95% 13/4/2024 20,000,000 USD 19,967,063 20,198,060 0.40 Georgia Power Co 4.3% 15/3/2042 4,959,000 USD 5,008,587 5,121,804 0.10 Gilead Sciences Inc 4.8% 1/4/2044 10,557,000 USD 10,538,779 11,567,685 0.23 GlaxoSmithKline Capital Inc 6.375% 15/5/2038 2,488,000 USD 2,547,143 3,375,504 0.07 Glencore Funding LLC 4% 27/3/2027 ‘144A’ 12,635,000 USD 12,399,959 12,450,163 0.25 Goldman Sachs Group Inc/The FRN 5/6/2028 10,000,000 USD 10,000,000 10,018,450 0.20 Goldman Sachs Group Inc/The 3% 26/4/2022 47,971,000 USD 47,797,848 48,217,714 0.97 Goldman Sachs Group Inc/The 3.5% 16/11/2026 24,416,000 USD 24,003,702 24,224,579 0.48 Goldman Sachs Group Inc/The 4% 3/3/2024 10,756,000 USD 10,734,343 11,248,915 0.23 Goldman Sachs Group Inc/The 4.25% 21/10/2025 7,244,000 USD 7,199,535 7,463,761 0.15 Goldman Sachs Group Inc/The 5.75% 24/1/2022 28,897,000 USD 30,954,651 32,456,735 0.65 Goldman Sachs Group Inc/The 6.25% 1/2/2041 4,307,000 USD 4,178,564 5,606,512 0.11 Guardian Life Global Funding 2% 26/4/2021 ‘144A’ 4,989,000 USD 4,983,981 4,913,721 0.10 Guardian Life Insurance Co of America/The 7.375% 30/9/2039 ‘144A’ 1,408,000 USD 1,545,673 2,001,362 0.04 Halliburton Co 5% 15/11/2045 3,000,000 USD 3,223,718 3,180,354 0.06 Hewlett Packard Enterprise Co 6.2% 15/10/2035 4,230,000 USD 4,227,760 4,568,070 0.09 HollyFrontier Corp 5.875% 1/4/2026 4,859,000 USD 4,863,449 5,156,886 0.10 Home Depot Inc/The 4.875% 15/2/2044 9,263,000 USD 9,141,967 10,703,804 0.21 Hospitality Properties Trust 4.5% 15/3/2025 11,754,000 USD 11,648,850 12,065,540 0.24 Host Hotels & Resorts LP 4.5% 1/2/2026 2,740,000 USD 2,732,699 2,873,169 0.06 Howard Hughes Medical Institute 3.5% 1/9/2023 8,507,000 USD 8,496,267 8,988,173 0.18 HSBC USA Inc 2.375% 13/11/2019 10,000,000 USD 9,997,118 10,059,660 0.20 Humana Inc 4.625% 1/12/2042 3,000,000 USD 2,998,397 3,204,051 0.06 IDEX Corp 4.2% 15/12/2021 4,250,000 USD 4,245,251 4,419,775 0.09 International Paper Co 5.15% 15/5/2046 4,215,000 USD 4,180,846 4,700,994 0.09 International Paper Co 6% 15/11/2041 1,472,000 USD 1,471,835 1,797,280 0.04 International Paper Co 7.3% 15/11/2039 1,709,000 USD 1,705,690 2,326,306 0.05 ITC Holdings Corp 3.25% 30/6/2026 5,527,000 USD 5,520,284 5,457,354 0.11 Janus Capital Group Inc 4.875% 1/8/2025 7,316,000 USD 7,258,365 7,877,686 0.16 Jersey Central Power & Light Co 4.7% 1/4/2024 ‘144A’ 12,727,000 USD 12,685,024 13,815,540 0.28 Johns Hopkins Health System Corp/The 3.837% 15/5/2046 3,605,000 USD 3,605,000 3,609,106 0.07 JPMorgan Chase & Co FRN 1/3/2025 41,449,000 USD 41,462,936 41,449,331 0.83 JPMorgan Chase & Co FRN 1/2/2028 17,020,000 USD 17,020,000 17,397,521 0.35 JPMorgan Chase & Co 2.95% 1/10/2026 16,900,000 USD 16,866,922 16,328,374 0.33 JPMorgan Chase & Co 2.972% 15/1/2023 22,650,000 USD 22,542,233 22,889,660 0.46 JPMorgan Chase & Co 3.625% 13/5/2024 14,710,000 USD 14,660,576 15,184,000 0.30 JPMorgan Chase & Co 4.25% 1/10/2027 7,900,000 USD 7,876,750 8,226,681 0.16 JPMorgan Chase & Co 4.5% 24/1/2022 18,051,000 USD 18,760,993 19,510,315 0.39 Kaiser Foundation Hospitals 4.15% 1/5/2047 12,500,000 USD 12,382,078 12,896,750 0.26 Kentucky Utilities Co 5.125% 1/11/2040 2,000,000 USD 1,983,105 2,384,520 0.05 Kilroy Realty LP 4.375% 1/10/2025 6,687,000 USD 6,656,489 7,009,935 0.14 Kinder Morgan Energy Partners LP 6.375% 1/3/2041 1,500,000 USD 1,498,121 1,690,152 0.03 Kinder Morgan Energy Partners LP 6.55% 15/9/2040 1,368,000 USD 1,365,517 1,557,304 0.03 Kinder Morgan Inc/DE 5.55% 1/6/2045 8,850,000 USD 8,986,798 9,360,672 0.19 KKR Group Finance Co III LLC 5.125% 1/6/2044 ‘144A’ 5,578,000 USD 5,632,571 5,879,569 0.12 Kohl’s Corp 5.55% 17/7/2045 3,100,000 USD 3,013,648 2,819,407 0.06 Kraft Heinz Foods Co 4.375% 1/6/2046 18,898,000 USD 18,840,524 18,367,760 0.37 Kraft Heinz Foods Co 5% 15/7/2035 7,854,000 USD 7,786,795 8,466,478 0.17 Kraft Heinz Foods Co 5.2% 15/7/2045 8,213,000 USD 8,182,804 8,893,045 0.18

195 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Kroger Co/The 6.9% 15/4/2038 1,200,000 USD 1,195,371 1,516,498 0.03 LafargeHolcim Finance US LLC 4.75% 22/9/2046 ‘144A’ 5,780,000 USD 5,662,754 6,097,900 0.12 LG&E & KU Energy LLC 4.375% 1/10/2021 3,425,000 USD 3,422,658 3,627,126 0.07 Liberty Mutual Group Inc 4.85% 1/8/2044 ‘144A’ 12,420,000 USD 12,411,038 13,286,506 0.27 Lincoln National Corp 7% 15/6/2040 2,196,000 USD 2,263,786 2,950,519 0.06 Lowe’s Cos Inc 3.1% 3/5/2027 34,595,000 USD 34,542,756 34,509,758 0.69 Marathon Petroleum Corp 6.5% 1/3/2041 1,462,000 USD 1,452,277 1,686,572 0.03 Markel Corp 5% 5/4/2046 5,619,000 USD 5,684,377 6,081,376 0.12 Massachusetts Bay Transportation Authority 5.569% 1/7/2039 2,500,000 USD 2,500,000 2,911,375 0.06 Massachusetts Institute of Technology 5.6% 1/7/2111 2,719,000 USD 2,914,950 3,576,431 0.07 MassMutual Global Funding II 2.5% 17/10/2022 ‘144A’ 7,303,000 USD 7,258,510 7,275,256 0.15 Maxim Integrated Products Inc 3.375% 15/3/2023 7,220,000 USD 7,173,850 7,352,140 0.15 Mead Johnson Nutrition Co 5.9% 1/11/2039 2,126,000 USD 2,152,833 2,615,293 0.05 Memorial Sloan-Kettering Cancer Center 5% 1/7/2042 4,038,000 USD 4,061,613 4,709,366 0.09 Merck & Co Inc 4.15% 18/5/2043 3,531,000 USD 3,521,680 3,765,098 0.08 MetLife Inc 9.25% 8/4/2038 ‘144A’ 1,200,000 USD 1,200,000 1,779,000 0.04 Metropolitan Life Global Funding I 1.875% 22/6/2018 ‘144A’ 15,000,000 USD 14,995,992 15,024,870 0.30 Metropolitan Life Global Funding I 3% 10/1/2023 ‘144A’ 9,104,000 USD 9,101,438 9,227,095 0.18 Metropolitan Transportation Authority 6.814% 15/11/2040 3,454,000 USD 3,454,000 4,770,734 0.10 Microsoft Corp 3.3% 6/2/2027 20,000,000 USD 19,931,912 20,582,000 0.41 Microsoft Corp 3.7% 8/8/2046 9,100,000 USD 9,057,202 8,992,147 0.18 Microsoft Corp 4.45% 3/11/2045 6,885,000 USD 6,862,567 7,647,603 0.15 Microsoft Corp 4.875% 15/12/2043 14,686,000 USD 14,641,227 17,149,518 0.34 Mid-America Apartments LP 3.6% 1/6/2027 11,628,000 USD 11,579,932 11,589,907 0.23 Morgan Stanley FRN 20/1/2022 18,000,000 USD 18,187,123 18,140,166 0.36 Morgan Stanley 2.375% 23/7/2019 ‘GMTN’ 9,926,000 USD 9,908,243 9,977,714 0.20 Morgan Stanley 2.5% 21/4/2021 ‘GMTN’ 13,206,000 USD 13,172,235 13,156,438 0.26 Morgan Stanley 2.75% 19/5/2022 20,000,000 USD 20,021,480 19,986,920 0.40 Morgan Stanley 3.625% 20/1/2027 44,473,000 USD 44,050,861 44,672,327 0.90 Morgan Stanley 4% 23/7/2025 ‘GMTN’ 22,489,000 USD 22,860,918 23,417,211 0.47 Morgan Stanley 4.35% 8/9/2026 ‘GMTN’ 13,592,000 USD 13,993,143 14,124,086 0.28 MPLX LP 4% 15/2/2025 2,686,000 USD 2,678,631 2,716,218 0.05 MPLX LP 4.125% 1/3/2027 6,500,000 USD 6,317,359 6,565,000 0.13 MPLX LP 4.875% 1/12/2024 4,522,000 USD 4,728,050 4,838,540 0.10 MPLX LP 5.2% 1/3/2047 7,811,000 USD 7,837,749 8,035,566 0.16 Municipal Electric Authority of Georgia 6.637% 1/4/2057 2,000,000 USD 1,980,780 2,457,160 0.05 Mylan Inc 3.125% 15/1/2023 ‘144A’ 9,470,000 USD 9,430,640 9,447,547 0.19 Narragansett Electric Co/The 4.17% 10/12/2042 ‘144A’ 5,097,000 USD 5,097,000 5,147,027 0.10 National Rural Utilities Cooperative Finance Corp 3.05% 15/2/2022 886,000 USD 884,596 912,259 0.02 NBCUniversal Enterprise Inc 5.25% Perpetual ‘144A’ 14,775,000 USD 14,775,000 15,703,757 0.31 NBCUniversal Media LLC 5.95% 1/4/2041 912,000 USD 910,019 1,165,219 0.02 Nevada Power Co 5.375% 15/9/2040 2,250,000 USD 2,244,589 2,655,110 0.05 New Jersey Turnpike Authority 7.102% 1/1/2041 4,825,000 USD 4,825,000 7,092,654 0.14 New York City Transitional Finance Authority Future Tax Secured Revenue 5.767% 1/8/2036 3,500,000 USD 3,500,000 4,335,415 0.09 New York City Water & Sewer System 5.75% 15/6/2041 3,750,000 USD 3,750,000 4,961,588 0.10 New York Life Global Funding 2% 13/4/2021 ‘144A’ 11,262,000 USD 11,249,503 11,173,931 0.22 New York Life Global Funding 2.9% 17/1/2024 ‘144A’ 19,425,000 USD 19,409,047 19,620,027 0.39 New York Life Insurance Co 6.75% 15/11/2039 ‘144A’ 2,800,000 USD 3,140,211 3,820,594 0.08 Newell Brands Inc 5.5% 1/4/2046 6,212,000 USD 6,190,348 7,426,204 0.15 Noble Energy Inc 6% 1/3/2041 2,892,000 USD 2,732,774 3,218,385 0.06 Norfolk Southern Corp 6% 23/5/2111 3,529,000 USD 3,529,000 4,238,343 0.08 Northwestern Mutual Life Insurance Co/The 6.063% 30/3/2040 ‘144A’ 1,391,000 USD 1,391,000 1,805,378 0.04 NYU Hospitals Center 4.428% 1/7/2042 5,537,000 USD 5,537,000 5,786,198 0.12 NYU Hospitals Center 5.75% 1/7/2043 3,824,000 USD 3,824,000 4,786,111 0.10 Oglethorpe Power Corp 4.2% 1/12/2042 4,295,000 USD 4,274,077 4,108,945 0.08 Oglethorpe Power Corp 4.55% 1/6/2044 4,758,000 USD 4,731,081 4,723,286 0.09 Oglethorpe Power Corp 5.375% 1/11/2040 2,030,000 USD 2,026,046 2,324,413 0.05 Oglethorpe Power Corp 5.95% 1/11/2039 1,961,000 USD 1,961,000 2,313,782 0.05 Omnicom Group Inc 3.6% 15/4/2026 13,048,000 USD 13,037,381 13,136,505 0.26 Oncor Electric Delivery Co LLC 4.55% 1/12/2041 3,500,000 USD 3,494,425 3,828,419 0.08 Oracle Corp 2.65% 15/7/2026 30,000,000 USD 29,898,427 28,969,440 0.58 Oracle Corp 4.375% 15/5/2055 6,692,000 USD 6,663,454 7,114,707 0.14

196 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Oracle Corp 5.375% 15/7/2040 2,274,000 USD 2,253,760 2,762,073 0.06 Pacific Gas & Electric Co 4.3% 15/3/2045 11,130,000 USD 11,018,270 12,083,040 0.24 Pacific Gas & Electric Co 4.45% 15/4/2042 2,000,000 USD 2,003,186 2,181,228 0.04 Pacific Gas & Electric Co 4.5% 15/12/2041 3,500,000 USD 3,490,169 3,789,982 0.08 Pacific Gas & Electric Co 6.05% 1/3/2034 1,345,000 USD 1,342,006 1,731,883 0.03 Penske Truck Leasing Co Lp / PTL Finance Corp 4.2% 1/4/2027 ‘144A’ 11,400,000 USD 11,384,620 11,796,652 0.24 PepsiCo Inc 3.45% 6/10/2046 8,000,000 USD 7,936,478 7,498,064 0.15 Pfizer Inc 7.2% 15/3/2039 3,620,000 USD 3,878,947 5,391,501 0.11 Philip Morris International Inc 4.125% 4/3/2043 7,250,000 USD 7,076,148 7,327,524 0.15 Philip Morris International Inc 6.375% 16/5/2038 2,400,000 USD 2,392,472 3,153,502 0.06 Phillips 66 FRN 15/4/2020 ‘144A’ 5,201,000 USD 5,201,000 5,212,130 0.10 Port Authority of New York & New Jersey 4.458% 1/10/2062 12,207,000 USD 12,207,000 13,397,305 0.27 Potomac Electric Power Co 6.5% 15/11/2037 2,100,000 USD 2,055,494 2,859,982 0.06 PPL Electric Utilities Corp 4.75% 15/7/2043 2,215,000 USD 2,202,816 2,522,132 0.05 Pricoa Global Funding I 2.55% 24/11/2020 ‘144A’ 16,000,000 USD 16,000,000 16,128,240 0.32 Procter & Gamble Co/The 2.45% 3/11/2026 10,000,000 USD 9,986,830 9,795,740 0.20 Protective Life Global Funding 2.262% 8/4/2020 ‘144A’ 12,306,000 USD 12,306,000 12,279,690 0.25 Public Service Co of Oklahoma 4.4% 1/2/2021 8,000,000 USD 7,978,441 8,469,760 0.17 Public Service Electric & Gas Co 3.95% 1/5/2042 ‘MTN’ 4,000,000 USD 3,978,695 4,183,080 0.08 Puget Sound Energy Inc 5.638% 15/4/2041 2,222,000 USD 2,221,912 2,762,226 0.06 Puget Sound Energy Inc 5.757% 1/10/2039 664,000 USD 664,000 841,882 0.02 QUALCOMM Inc 1.85% 20/5/2019 16,255,000 USD 16,247,923 16,296,662 0.33 Rayonier Inc 3.75% 1/4/2022 2,593,000 USD 2,590,323 2,620,963 0.05 Realty Income Corp 4.65% 1/8/2023 7,120,000 USD 7,110,306 7,680,380 0.15 Regency Centers LP 3.6% 1/2/2027 5,950,000 USD 5,972,538 5,936,029 0.12 Reliance Standard Life Global Funding II 3.05% 20/1/2021 ‘144A’ 10,576,000 USD 10,567,379 10,679,719 0.21 Reynolds American Inc 4.45% 12/6/2025 6,750,000 USD 7,092,520 7,234,697 0.14 Roche Holdings Inc 2.875% 29/9/2021 ‘144A’ 10,000,000 USD 9,983,227 10,234,400 0.20 Roper Technologies Inc 1.85% 15/11/2017 10,000,000 USD 9,999,319 10,007,630 0.20 Sabine Pass Liquefaction LLC 5.625% 15/4/2023 25,200,000 USD 28,087,865 28,035,000 0.56 San Diego Gas & Electric Co 6.125% 15/9/2037 825,000 USD 851,741 1,074,737 0.02 SBA Tower Trust 2.898% 15/10/2019 ‘144A’ 22,785,000 USD 22,785,000 22,910,573 0.46 SC Johnson & Son Inc 4.75% 15/10/2046 ‘144A’ 8,262,000 USD 8,246,935 9,469,483 0.19 SES GLOBAL Americas Holdings GP 5.3% 25/3/2044 ‘144A’ 13,106,000 USD 12,806,740 11,769,476 0.24 Simon Property Group LP 2.625% 15/6/2022 16,528,000 USD 16,513,431 16,593,649 0.33 Simon Property Group LP 3.25% 30/11/2026 4,500,000 USD 4,488,895 4,489,421 0.09 Simon Property Group LP 3.375% 15/6/2027 12,160,000 USD 12,085,869 12,094,518 0.24 South Carolina Electric & Gas Co 4.1% 15/6/2046 3,264,000 USD 3,257,512 3,227,208 0.06 Southern California Edison Co 1.845% 1/2/2022 13,233,571 USD 13,233,571 13,082,272 0.26 Southern California Edison Co 4% 1/4/2047 7,650,000 USD 7,644,694 7,938,474 0.16 Southern California Edison Co 4.65% 1/10/2043 13,000,000 USD 12,921,764 14,783,626 0.30 Southwestern Public Service Co 3.4% 15/8/2046 13,000,000 USD 12,978,683 12,116,325 0.24 State of Texas 5.517% 1/4/2039 4,300,000 USD 4,575,268 5,640,869 0.11 State of Washington 5.481% 1/8/2039 2,050,000 USD 2,050,000 2,573,037 0.05 State Street Corp FRN 15/5/2023 10,000,000 USD 10,000,000 10,023,940 0.20 TD Ameritrade Holding Corp 2.95% 1/4/2022 12,200,000 USD 12,180,739 12,408,461 0.25 Texas Transportation Commission State Highway Fund 5.178% 1/4/2030 1,185,000 USD 1,185,000 1,405,149 0.03 Time Warner Cable LLC 6.75% 15/6/2039 3,462,000 USD 3,935,343 4,249,103 0.09 Time Warner Inc 5.375% 15/10/2041 3,311,000 USD 3,294,008 3,613,427 0.07 Time Warner Inc 6.1% 15/7/2040 1,000 USD 999 1,195 0.00 Time Warner Inc 6.2% 15/3/2040 1,600,000 USD 1,599,986 1,915,627 0.04 Time Warner Inc 7.7% 1/5/2032 3,050,000 USD 3,138,845 4,264,769 0.09 Tyson Foods Inc 5.15% 15/8/2044 3,794,000 USD 3,780,463 4,256,500 0.09 Unilever Capital Corp 2% 28/7/2026 10,000,000 USD 9,856,386 9,201,120 0.18 Union Pacific Corp 4% 15/4/2047 16,000,000 USD 15,786,604 16,372,656 0.33 Union Pacific Railroad Co 2005 Pass Through Trust 5.082% 2/1/2029 267,082 USD 260,223 291,023 0.01 United States Treasury Note/Bond 0.75% 31/12/2017 13,250,000 USD 13,225,156 13,221,016 0.26 United States Treasury Note/Bond 2.5% 15/2/2045 38,850,000 USD 35,050,521 36,294,398 0.73 United Technologies Corp 3.125% 4/5/2027 10,000,000 USD 10,000,000 9,996,360 0.20 United Technologies Corp 4.5% 1/6/2042 7,180,000 USD 7,432,436 7,841,357 0.16 UnitedHealth Group Inc 4.625% 15/11/2041 3,500,000 USD 3,464,526 3,857,231 0.08 University of California 5.77% 15/5/2043 3,000,000 USD 2,998,063 3,849,480 0.08

197 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

University of Missouri 5.792% 1/11/2041 2,950,000 USD 2,950,000 3,863,350 0.08 University of Southern California 3.841% 1/10/2047 7,000,000 USD 7,000,000 7,280,749 0.15 University of Southern California 5.25% 1/10/2111 1,816,000 USD 1,816,000 2,196,256 0.04 University of Texas System/The 4.794% 15/8/2046 5,500,000 USD 5,500,000 6,505,345 0.13 US Bancorp 3.15% 27/4/2027 25,000,000 USD 24,985,271 25,022,350 0.50 Valero Energy Corp 10.5% 15/3/2039 3,200,000 USD 3,194,173 5,178,886 0.10 Verisk Analytics Inc 5.5% 15/6/2045 8,433,000 USD 8,406,128 9,381,384 0.19 Verizon Communications Inc 4.125% 15/8/2046 8,396,000 USD 8,391,687 7,503,001 0.15 Verizon Communications Inc 4.4% 1/11/2034 25,000,000 USD 24,843,278 24,797,275 0.50 Verizon Communications Inc 5.012% 21/8/2054 10,000,000 USD 9,998,169 9,907,350 0.20 Visa Inc 4.15% 14/12/2035 4,216,000 USD 4,210,751 4,557,682 0.09 Visa Inc 4.3% 14/12/2045 11,426,000 USD 11,407,907 12,503,609 0.25 Walt Disney Co/The 3% 30/7/2046 ‘MTN’ 3,476,000 USD 3,348,610 3,023,953 0.06 WEA Finance LLC / Westfield UK & Europe Finance Plc 3.25% 5/10/2020 ‘144A’ 5,617,000 USD 5,604,461 5,715,432 0.11 WEC Energy Group Inc 3.55% 15/6/2025 2,697,000 USD 2,696,637 2,798,386 0.06 Wells Fargo & Co FRN 11/2/2022 40,500,000 USD 40,500,000 40,710,559 0.81 Wells Fargo & Co FRN 22/5/2028 ‘MTN’ 31,762,000 USD 31,762,000 32,038,615 0.64 Wells Fargo & Co 4.1% 3/6/2026 ‘MTN’ 22,895,000 USD 23,626,870 23,638,446 0.47 Wells Fargo & Co 4.3% 22/7/2027 ‘GMTN’ 6,701,000 USD 7,135,278 7,030,475 0.14 Wells Fargo Bank NA 1.75% 24/5/2019 20,000,000 USD 19,994,547 19,961,780 0.40 Willis North America Inc 3.6% 15/5/2024 5,322,000 USD 5,317,511 5,381,915 0.11 Wyndham Worldwide Corp 5.1% 1/10/2025 10,774,000 USD 11,049,995 11,630,156 0.23 Xcel Energy Inc 3.3% 1/6/2025 6,897,000 USD 6,874,467 6,964,404 0.14 3,051,888,755 3,169,041,807 63.43

Total Bonds 4,488,446,090 4,615,705,483 92.38

SECURITISED ASSETS

United States of America AmeriCredit Automobile Receivables Trust 2017-1 1.51% 18/5/2020 ‘2017 1 A2A’ 10,701,000 USD 10,700,119 10,696,525 0.21 Ascentium Equipment Receivables 2015-1 LLC 2.26% 10/6/2021 ‘144A’ 820,479 USD 814,774 819,238 0.02 Ascentium Equipment Receivables 2016-1 Trust 1.75% 13/11/2018 ‘144A’ 2,155,112 USD 2,155,063 2,156,864 0.04 Ascentium Equipment Receivables 2016-1 Trust 1.92% 10/12/2019 ‘144A’ 2,240,000 USD 2,239,814 2,240,041 0.04 Ascentium Equipment Receivables 2016-2 Trust 1.46% 10/4/2019 ‘144A’ 5,720,484 USD 5,720,518 5,713,360 0.11 Ascentium Equipment Receivables 2016-2 Trust 1.65% 10/5/2022 ‘144A’ 6,108,000 USD 6,107,515 6,068,758 0.12 Ascentium Equipment Receivables 2017-1 Trust 1.87% 10/7/2019 ‘144A’ 1,376,000 USD 1,375,937 1,376,299 0.03 Ascentium Equipment Receivables 2017-1 Trust 2.29% 10/6/2021 ‘144A’ 4,448,000 USD 4,447,763 4,453,983 0.09 Aventura Mall Trust 2013-AVM FRN 5/12/2032 ‘144A’ 10,676,000 USD 11,443,915 11,212,896 0.22 BA Credit Card Trust 1.95% 15/8/2022 ‘2017 A1 A1’ 8,880,000 USD 8,877,446 8,922,363 0.18 BAMLL Commercial Mortgage Securities Trust 2015-200P 3.49% 14/4/2033 ‘144A’ 6,494,000 USD 6,688,450 6,622,841 0.13 BANK 2017-BNK5 3.624% 15/6/2060 ‘2017 BNK5 AS’ 8,665,000 USD 8,924,659 8,924,659 0.18 BWAY 2015-1740 Mortgage Trust 2.917% 10/1/2035 ‘144A’ 15,000,000 USD 14,962,423 14,925,900 0.30 California Republic Auto Receivables Trust 2015-4 2.04% 15/1/2020 ‘144A’ 13,261,103 USD 13,282,854 13,289,510 0.27 CarMax Auto Owner Trust 2016-2 1.52% 16/2/2021 ‘2016 2 A3’ 14,655,000 USD 14,654,204 14,632,927 0.29 Chrysler Capital Auto Receivables Trust 2015-A 1.22% 15/7/2019 ‘144A’ 5,057,008 USD 5,056,525 5,055,304 0.10 Chrysler Capital Auto Receivables Trust 2015-B 1.91% 16/3/2020 ‘144A’ 12,243,210 USD 12,241,574 12,263,878 0.25 Citigroup Commercial Mortgage Trust 2016-C2 2.832% 10/8/2049 ‘2016 C2 A4’ 5,495,000 USD 5,659,544 5,382,781 0.11 COMM 2014-CCRE21 Mortgage Trust 3.528% 10/12/2047 ‘2014 CR21 A3’ 10,315,000 USD 10,624,966 10,685,721 0.21

198 EASTSPRING INVESTMENTS

US CORPORATE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

COMM 2015-CCRE25 Mortgage Trust 3.759% 10/8/2048 ‘2015 CR25 A4’ 3,139,000 USD 3,295,582 3,296,452 0.07 Dell Equipment Finance Trust 2015-1 1.81% 23/3/2020 ‘144A’ 3,725,000 USD 3,725,015 3,727,197 0.07 Dell Equipment Finance Trust 2017-1 2.14% 22/4/2022 ‘144A’ 6,821,000 USD 6,820,673 6,834,980 0.14 Ford Credit Auto Owner Trust 2014-C 1.97% 15/4/2020 ‘2014 C B’ 5,263,000 USD 5,262,410 5,274,075 0.11 GM Financial Automobile Leasing Trust 2016-2 1.62% 20/9/2019 ‘2016 2 A3’ 13,990,000 USD 13,988,622 13,983,907 0.28 GM Financial Automobile Leasing Trust 2017-1 2.06% 20/5/2020 ‘2017 1 A3’ 13,280,000 USD 13,279,393 13,342,496 0.27 GM Financial Consumer Automobile 2017-1 1.78% 18/10/2021 ‘144A’ 14,436,000 USD 14,433,881 14,455,097 0.29 GreatAmerica Leasing Receivables Funding LLC Series 2015-1 2.02% 21/6/2021 ‘144A’ 3,175,000 USD 3,174,775 3,180,478 0.06 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 1.72% 22/4/2019 ‘144A’ 4,031,000 USD 4,030,563 4,029,110 0.08 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 2.06% 22/6/2020 ‘144A’ 4,267,000 USD 4,266,986 4,273,809 0.09 GS Mortgage Securities Trust 2011-GC3 4.753% 10/3/2044 ‘144A’ 5,332,797 USD 5,379,260 5,691,961 0.11 GS Mortgage Securities Trust 2012-GCJ7 4.085% 10/5/2045 ‘2012 GCJ7 AS’ 7,857,000 USD 7,989,535 8,283,242 0.17 Hilton Grand Vacations Trust 2017-A 2.66% 26/12/2028 ‘144A’ 10,017,818 USD 10,016,425 10,030,468 0.20 Houston Galleria Mall Trust 2015-HGLR 3.087% 5/3/2037 ‘144A’ 17,000,000 USD 17,152,348 16,946,959 0.34 Hudson Yards 2016-10HY Mortgage Trust 2.835% 10/8/2038 ‘144A’ 11,925,000 USD 12,267,433 11,672,506 0.23 Leaf Receivables Funding 12 LLC 1.72% 15/5/2019 ‘144A’ 2,144,000 USD 2,143,808 2,142,148 0.04 Leaf Receivables Funding 12 LLC 2.07% 15/8/2020 ‘144A’ 1,503,000 USD 1,502,673 1,501,195 0.03 Marriott Vacation Club Owner Trust 2012-1 2.51% 20/5/2030 ‘144A’ 3,100,074 USD 3,099,643 3,108,713 0.06 MMCA Auto Owner Trust 2014-A 1.21% 16/12/2019 ‘144A’ 1,359,917 USD 1,359,830 1,359,292 0.03 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21 3.652% 15/3/2048 ‘2015 C21 AS’ 1,324,000 USD 1,360,807 1,354,200 0.03 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22 3.306% 15/4/2048 ‘2015 C22 A4’ 10,000,000 USD 10,168,750 10,231,000 0.20 MVW Owner Trust 2013-1 2.15% 22/4/2030 ‘144A’ 2,310,497 USD 2,310,432 2,296,003 0.05 Wells Fargo Commercial Mortgage Trust 2015-NXS4 3.452% 15/12/2048 ‘2015 NXS4 A3’ 8,000,000 USD 8,179,339 8,222,400 0.16 Wells Fargo Commercial Mortgage Trust 2015-NXS4 3.718% 15/12/2048 ‘2015 NXS4 A4’ 7,000,000 USD 7,209,839 7,334,320 0.15 Wells Fargo Commercial Mortgage Trust 2017-C38 3.453% 15/7/2050 ‘2017 C38 A5’ 12,563,000 USD 12,938,860 12,883,608 0.26 WFRBS Commercial Mortgage Trust 2013-C11 3.311% 15/3/2045 ‘2013 C11 AS’ 6,800,000 USD 6,975,922 6,938,176 0.14 328,310,867 327,837,640 6.56

Total Securitised Assets 328,310,867 327,837,640 6.56

Total Investments 4,824,773,038 4,951,559,204 99.10

Other Net Assets 45,153,506 0.90

Total Net Assets 4,996,712,710 100.00

199 Eastspring Investments – US Equity Income Fund(*) (“US Equity Income Fund”)

EASTSPRING INVESTMENTS

US EQUITY INCOME FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland BNY Mellon U.S. Dollar Liquidity Fund ‘Investor’ 148,630 USD 148,630 148,630 0.30

Total Mutual Funds 148,630 148,630 0.30

SHARES

Ireland Medtronic Plc 8,900 USD 742,792 791,566 1.58

Liberia Royal Caribbean Cruises Ltd 4,600 USD 497,535 502,090 1.00

United States of America 3M Co 3,000 USD 596,429 627,480 1.25 Abbott Laboratories 18,900 USD 846,913 926,100 1.85 AbbVie Inc 12,600 USD 836,380 913,500 1.82 Allstate Corp/The 5,800 USD 492,743 512,546 1.02 Altria Group Inc 7,000 USD 495,730 521,920 1.04 American Express Co 6,400 USD 500,536 535,808 1.07 Amgen Inc 5,200 USD 847,987 899,548 1.80 Apple Inc 8,400 USD 1,280,286 1,213,212 2.42 Archer-Daniels-Midland Co 11,700 USD 502,492 477,945 0.95 AT&T Inc 17,900 USD 689,270 674,651 1.35 Automatic Data Processing Inc 6,000 USD 589,484 615,720 1.23 Best Buy Co Inc 15,800 USD 820,210 912,450 1.82 Boeing Co/The 5,400 USD 1,004,080 1,073,790 2.14 Caterpillar Inc 9,700 USD 963,194 1,039,452 2.08 Chevron Corp 7,500 USD 797,881 783,900 1.57 Cisco Systems Inc 30,900 USD 1,052,024 973,505 1.94 Coca-Cola Co/The 11,400 USD 498,899 513,456 1.03 Colgate-Palmolive Co 6,900 USD 496,037 513,015 1.02 Corning Inc 17,200 USD 501,423 518,064 1.03 CVS Health Corp 10,800 USD 875,382 865,728 1.73 Delta Air Lines Inc 10,200 USD 496,168 552,228 1.10 Dominion Energy Inc 6,400 USD 501,232 495,360 0.99 Dow Chemical Co/The 15,800 USD 987,473 992,082 1.98 Edison International 6,200 USD 493,230 488,994 0.98 Emerson Electric Co 13,900 USD 815,815 824,965 1.65 Exxon Mobil Corp 6,100 USD 504,118 494,466 0.99 Foot Locker Inc 7,500 USD 552,880 366,900 0.73 General Electric Co 24,500 USD 712,465 663,583 1.33 General Motors Co 28,800 USD 982,509 1,007,712 2.01 Gilead Sciences Inc 11,700 USD 787,991 830,349 1.66 Home Depot Inc/The 4,700 USD 736,834 719,335 1.44 Honeywell International Inc 3,800 USD 498,560 506,578 1.01 HP Inc 33,200 USD 635,182 582,992 1.16 Huntington Bancshares Inc/OH 57,400 USD 749,087 768,586 1.54 Intel Corp 20,300 USD 745,867 684,110 1.37 International Business Machines Corp 4,900 USD 749,698 755,972 1.51 Johnson & Johnson 5,600 USD 690,643 744,240 1.49 JPMorgan Chase & Co 11,400 USD 992,349 1,043,784 2.08 Kimberly-Clark Corp 3,800 USD 488,507 492,252 0.98 Lincoln National Corp 7,200 USD 493,123 484,920 0.97 Macy’s Inc 31,900 USD 915,310 730,510 1.46 Merck & Co Inc 7,800 USD 501,509 501,072 1.00 Meredith Corp 8,700 USD 499,678 513,953 1.03 Microsoft Corp 17,700 USD 1,215,515 1,222,715 2.45 Mondelez International Inc 11,100 USD 496,362 481,962 0.96

200 EASTSPRING INVESTMENTS

US EQUITY INCOME FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Nucor Corp 8,300 USD 497,544 489,617 0.98 Occidental Petroleum Corp 13,700 USD 827,851 822,685 1.64 PacWest Bancorp 15,300 USD 774,804 716,958 1.43 Penske Automotive Group Inc 11,000 USD 500,888 475,640 0.95 PepsiCo Inc 6,000 USD 679,052 696,180 1.39 Pfizer Inc 28,200 USD 945,966 947,802 1.89 Philip Morris International Inc 4,400 USD 494,925 516,296 1.03 Phillips 66 8,800 USD 698,858 723,448 1.45 PNC Financial Services Group Inc/The 4,000 USD 494,883 500,000 1.00 PNM Resources Inc 13,200 USD 493,903 508,200 1.02 Procter & Gamble Co/The 7,900 USD 683,562 688,722 1.38 Prologis Inc (REIT) 12,700 USD 694,531 744,728 1.49 QUALCOMM Inc 19,100 USD 1,046,534 1,055,084 2.11 Reliance Steel & Aluminum Co 6,500 USD 500,771 483,665 0.97 Simon Property Group Inc (REIT) 4,700 USD 755,966 765,019 1.53 Texas Instruments Inc 9,000 USD 717,239 692,460 1.38 United Parcel Service Inc 4,600 USD 492,553 507,150 1.01 United Technologies Corp 4,100 USD 497,412 501,184 1.00 UnitedHealth Group Inc 2,900 USD 505,324 538,965 1.08 US Bancorp 9,600 USD 498,188 500,160 1.00 Valero Energy Corp 12,600 USD 832,049 844,326 1.69 Verizon Communications Inc 12,800 USD 596,983 568,000 1.13 Viacom Inc ‘B’ 13,500 USD 488,820 453,330 0.91 Wal-Mart Stores Inc 9,800 USD 747,582 746,554 1.49 Wells Fargo & Co 18,100 USD 996,289 1,003,464 2.00 48,391,962 48,551,047 96.98

Total Shares 49,632,289 49,844,703 99.56

Total Investments 49,780,919 49,993,333 99.86

Other Net Assets 69,575 0.14

Total Net Assets 50,062,908 100.00

201 Eastspring Investments – US High Investment Grade Bond Fund (“US High Investment Grade Bond Fund”)

EASTSPRING INVESTMENTS

US HIGH INVESTMENT GRADE BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland BNY Mellon U.S. Dollar Liquidity Fund ‘Investor’ 258,084 USD 258,084 258,084 0.12

Total Mutual Funds 258,084 258,084 0.12

BONDS

Australia Australia & New Zealand Banking Group Ltd/ New York NY 2.625% 19/5/2022 1,000,000 USD 999,454 1,000,730 0.45 Commonwealth Bank of Australia/New York NY 2.3% 6/9/2019 1,000,000 USD 999,162 1,004,751 0.45 National Australia Bank Ltd 2.25% 1/7/2019 ‘144A’ 2,000,000 USD 1,999,290 2,009,530 0.91 National Australia Bank Ltd/New York 2.125% 22/5/2020 ‘MTN’ 1,000,000 USD 998,282 1,000,362 0.45 National Australia Bank Ltd/New York 2.25% 10/1/2020 1,000,000 USD 999,924 999,950 0.45 Scentre Group Trust 1 / Scentre Group Trust 2 3.25% 28/10/2025 ‘144A’ 1,500,000 USD 1,496,436 1,463,862 0.66 Scentre Group Trust 1 / Scentre Group Trust 2 3.5% 12/2/2025 ‘144A’ 1,000,000 USD 992,274 997,179 0.45 Westpac Banking Corp 2.5% 28/6/2022 2,000,000 USD 1,996,754 1,993,620 0.90 Westpac Banking Corp 2.7% 19/8/2026 2,000,000 USD 1,997,465 1,914,664 0.87 Westpac Banking Corp 2.8% 11/1/2022 1,000,000 USD 999,539 1,013,750 0.46 Westpac Banking Corp 3.35% 8/3/2027 2,000,000 USD 1,998,356 2,007,500 0.91 15,476,936 15,405,898 6.96

Canada Bank of Montreal 2.1% 15/6/2020 ‘MTN’ 2,000,000 USD 1,999,823 2,006,090 0.91 Toronto-Dominion Bank/The 2.125% 7/4/2021 ‘MTN’ 2,070,000 USD 2,067,354 2,066,110 0.93 4,067,177 4,072,200 1.84

France Engie SA 1.625% 10/10/2017 ‘144A’ 551,000 USD 550,802 551,003 0.25

Germany Kreditanstalt fuer Wiederaufbau 1.875% 30/11/2020 615,000 USD 614,126 614,049 0.28

International Inter-American Development Bank 1% 13/5/2019 1,297,000 USD 1,294,656 1,285,463 0.58 International Bank for Reconstruction & Development 1% 5/10/2018 2,000,000 USD 1,998,572 1,989,804 0.90 3,293,228 3,275,267 1.48

Ireland GE Capital International Funding Co Unlimited Co 4.418% 15/11/2035 2,192,000 USD 2,110,748 2,364,949 1.07

Japan Sumitomo Mitsui Banking Corp 1.8% 18/7/2017 500,000 USD 499,995 500,066 0.23

Netherlands ABN AMRO Bank NV 2.1% 18/1/2019 ‘144A’ 2,337,000 USD 2,336,868 2,339,802 1.06 Cooperatieve Rabobank UA/NY 2.25% 14/1/2019 3,000,000 USD 3,032,168 3,018,194 1.36 ING Bank NV 2.05% 17/8/2018 ‘144A’ 1,000,000 USD 999,771 1,002,451 0.45 ING Bank NV 2.45% 16/3/2020 ‘144A’ 500,000 USD 499,494 503,088 0.23 Shell International Finance BV 4% 10/5/2046 1,750,000 USD 1,719,673 1,721,274 0.78 Shell International Finance BV 5.5% 25/3/2040 500,000 USD 492,800 605,645 0.27 Siemens Financieringsmaatschappij NV 3.3% 15/9/2046 ‘144A’ 1,000,000 USD 996,507 903,058 0.41 Siemens Financieringsmaatschappij NV 4.2% 16/3/2047 ‘144A’ 2,000,000 USD 1,992,974 2,109,972 0.95 Siemens Financieringsmaatschappij NV 6.125% 17/8/2026 ‘144A’ 500,000 USD 499,528 615,070 0.28 12,569,783 12,818,554 5.79

202 EASTSPRING INVESTMENTS

US HIGH INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

New Zealand ANZ New Zealand Int’l Ltd/London 2.875% 25/1/2022 ‘144A’ 1,000,000 USD 996,126 1,009,281 0.46

Norway Statoil ASA 2.65% 15/1/2024 1,500,000 USD 1,498,179 1,480,131 0.67 Statoil ASA 3.7% 1/3/2024 1,000,000 USD 999,526 1,047,812 0.47 2,497,705 2,527,943 1.14

Sweden Nordea Bank AB 1.625% 15/5/2018 ‘144A’ 2,500,000 USD 2,504,759 2,500,090 1.14 Nordea Bank AB 2.5% 17/9/2020 ‘144A’ 1,500,000 USD 1,497,714 1,509,078 0.68 Skandinaviska Enskilda Banken AB 2.375% 20/11/2018 ‘144A’ 2,000,000 USD 1,999,506 2,014,956 0.91 Svenska Handelsbanken AB 2.4% 1/10/2020 ‘GMTN’ 2,000,000 USD 1,998,726 2,012,272 0.91 Swedbank AB 1.75% 12/3/2018 ‘144A’ 1,500,000 USD 1,499,125 1,501,857 0.68 Swedbank AB 2.2% 4/3/2020 ‘144A’ 2,000,000 USD 1,999,296 2,002,444 0.90 Swedbank AB 2.375% 27/2/2019 ‘144A’ 1,500,000 USD 1,499,159 1,509,264 0.68 12,998,285 13,049,961 5.90

Switzerland Credit Suisse AG/New York NY 2.3% 28/5/2019 ‘GMTN’ 2,429,000 USD 2,427,094 2,441,857 1.11 UBS AG/London 2.2% 8/6/2020 ‘144A’ 1,286,000 USD 1,285,173 1,287,020 0.58 3,712,267 3,728,877 1.69

United Kingdom HSBC Bank Plc 1.5% 15/5/2018 ‘144A’ 500,000 USD 499,837 499,377 0.23 HSBC Bank Plc 4.75% 19/1/2021 ‘144A’ 200,000 USD 199,940 215,651 0.10 HSBC Holdings Plc 5.1% 5/4/2021 250,000 USD 270,274 271,730 0.12 Reckitt Benckiser Treasury Services Plc 2.125% 21/9/2018 ‘144A’ 1,905,000 USD 1,901,932 1,912,098 0.86 Santander UK Plc 1.65% 29/9/2017 1,000,000 USD 999,918 1,000,573 0.45 3,871,901 3,899,429 1.76

United States of America Alabama Power Co 6% 1/3/2039 70,000 USD 69,902 88,643 0.04 Alphabet Inc 1.998% 15/8/2026 1,200,000 USD 1,177,285 1,121,330 0.51 American Honda Finance Corp 1.6% 16/2/2018 ‘144A’ 1,500,000 USD 1,499,893 1,501,374 0.68 American Honda Finance Corp 2.3% 9/9/2026 ‘GMTN’ 2,000,000 USD 1,994,449 1,885,468 0.85 American Honda Finance Corp 2.45% 24/9/2020 ‘MTN’ 1,500,000 USD 1,499,369 1,518,470 0.69 American Tower Trust #1 1.551% 15/3/2018 ‘144A’ 2,000,000 USD 2,000,000 1,996,353 0.90 American Tower Trust #1 3.07% 15/3/2023 ‘144A’ 1,619,000 USD 1,619,000 1,627,725 0.74 Apple Inc 2.1% 6/5/2019 2,000,000 USD 2,006,421 2,019,064 0.91 Apple Inc 2.5% 9/2/2025 1,500,000 USD 1,498,393 1,468,490 0.66 Apple Inc 2.85% 11/5/2024 653,000 USD 652,393 656,671 0.30 Apple Inc 3.2% 11/5/2027 526,000 USD 526,000 532,699 0.24 Apple Inc 4.25% 9/2/2047 2,952,000 USD 2,960,700 3,123,094 1.40 Bank of New York Mellon Corp/The FRN 30/10/2023 ‘MTN’ 1,000,000 USD 1,000,000 1,019,694 0.46 Bank of New York Mellon Corp/The 2.8% 4/5/2026 ‘MTN’ 2,700,000 USD 2,691,542 2,637,999 1.18 Bank of New York Mellon Corp/The 3.25% 16/5/2027 ‘MTN’ 2,000,000 USD 1,999,172 2,016,958 0.91 Berkshire Hathaway Finance Corp 4.3% 15/5/2043 1,250,000 USD 1,228,579 1,342,133 0.61 BMW US Capital LLC 2.25% 15/9/2023 ‘144A’ 2,000,000 USD 1,994,529 1,928,532 0.87 Boeing Co/The 2.85% 30/10/2024 1,000,000 USD 988,814 1,009,279 0.46 Burlington Northern and Santa Fe Railway Co 2005-3 Pass Through Trust 4.83% 15/1/2023 431,611 USD 431,611 457,507 0.21 Burlington Northern and Santa Fe Railway Co 2006-1 Pass Through Trust 5.72% 15/1/2024 1,009,251 USD 1,009,251 1,112,863 0.50 Charles Schwab Corp/The 3.2% 2/3/2027 2,000,000 USD 1,996,887 2,006,724 0.91 Cisco Systems Inc 2.5% 20/9/2026 2,000,000 USD 1,998,379 1,923,320 0.87 Citibank NA 2% 20/3/2019 1,000,000 USD 999,300 1,002,607 0.45 Citibank NA 2.1% 12/6/2020 ‘BKNT’ 1,679,000 USD 1,678,293 1,681,294 0.76 Costco Wholesale Corp 2.75% 18/5/2024 2,100,000 USD 2,091,685 2,094,875 0.95 DTE Electric Co 3.375% 1/3/2025 1,000,000 USD 999,003 1,029,660 0.47 Duke Energy Carolinas LLC 4% 30/9/2042 500,000 USD 496,651 514,693 0.23 Duke Energy Indiana LLC 4.2% 15/3/2042 500,000 USD 499,233 519,794 0.23

203 EASTSPRING INVESTMENTS

US HIGH INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Duke Energy Progress LLC 4.1% 15/3/2043 435,000 USD 432,261 452,096 0.20 Duke Energy Progress LLC 4.2% 15/8/2045 1,000,000 USD 995,248 1,065,591 0.48 Duke Energy Progress LLC 4.375% 30/3/2044 1,000,000 USD 999,823 1,080,588 0.49 Eli Lilly & Co 3.95% 15/5/2047 2,000,000 USD 1,989,235 2,076,066 0.94 Franklin Resources Inc 1.375% 15/9/2017 476,000 USD 475,890 475,886 0.22 General Electric Co 2.1% 11/12/2019 331,000 USD 330,909 333,349 0.15 General Electric Co 4.125% 9/10/2042 500,000 USD 490,445 522,285 0.24 General Electric Co 5.875% 14/1/2038 ‘MTN’ 1,180,000 USD 1,480,696 1,521,345 0.69 General Electric Co 6.875% 10/1/2039 ‘GMTN’ 230,000 USD 305,777 330,833 0.15 GlaxoSmithKline Capital Inc 5.65% 15/5/2018 881,000 USD 880,954 911,299 0.41 Guardian Life Global Funding 2.5% 8/5/2022 ‘144A’ 1,639,000 USD 1,636,999 1,636,968 0.74 Hershey Co/The 2.625% 1/5/2023 1,000,000 USD 998,476 1,005,254 0.45 Home Depot Inc/The 3.5% 15/9/2056 500,000 USD 490,677 453,719 0.21 Home Depot Inc/The 3.9% 15/6/2047 2,100,000 USD 2,085,683 2,138,097 0.97 Home Depot Inc/The 4.4% 15/3/2045 1,500,000 USD 1,663,712 1,635,017 0.74 Honeywell International Inc 1.85% 1/11/2021 2,000,000 USD 1,999,913 1,970,470 0.89 HSBC USA Inc 2.35% 5/3/2020 2,000,000 USD 1,998,954 2,011,102 0.91 HSBC USA Inc 2.625% 24/9/2018 733,000 USD 732,690 739,563 0.33 John Deere Capital Corp 2.25% 17/4/2019 366,000 USD 365,747 369,447 0.17 John Deere Capital Corp 2.65% 24/6/2024 ‘MTN’ 2,000,000 USD 1,996,195 1,982,568 0.90 Kaiser Foundation Hospitals 3.15% 1/5/2027 500,000 USD 498,208 501,710 0.23 Kaiser Foundation Hospitals 3.5% 1/4/2022 1,500,000 USD 1,494,245 1,569,506 0.71 Kaiser Foundation Hospitals 4.15% 1/5/2047 1,600,000 USD 1,584,906 1,650,784 0.75 Kimberly-Clark Corp 3.2% 30/7/2046 2,400,000 USD 2,394,650 2,184,462 0.99 Kimberly-Clark Corp 3.9% 4/5/2047 500,000 USD 496,429 510,002 0.23 Massachusetts Institute of Technology 3.885% 1/7/2116 1,000,000 USD 1,000,000 909,674 0.41 Massachusetts Institute of Technology 5.6% 1/7/2111 472,000 USD 470,138 620,844 0.28 MassMutual Global Funding II 2.5% 17/10/2022 ‘144A’ 1,010,000 USD 1,006,022 1,006,163 0.45 Mastercard Inc 3.375% 1/4/2024 2,000,000 USD 1,994,215 2,085,843 0.94 Merck & Co Inc 4.15% 18/5/2043 496,000 USD 494,692 528,884 0.24 Metropolitan Life Global Funding I 1.5% 10/1/2018 ‘144A’ 500,000 USD 499,724 499,501 0.23 Metropolitan Life Global Funding I 3% 10/1/2023 ‘144A’ 373,000 USD 372,894 378,043 0.17 Microsoft Corp 1.85% 12/2/2020 1,500,000 USD 1,513,501 1,501,925 0.68 Microsoft Corp 2.7% 12/2/2025 500,000 USD 499,206 497,983 0.23 Microsoft Corp 3.5% 12/2/2035 500,000 USD 494,937 502,787 0.23 Microsoft Corp 3.75% 12/2/2045 500,000 USD 497,454 497,661 0.22 Microsoft Corp 4.25% 6/2/2047 1,100,000 USD 1,103,754 1,194,195 0.54 Microsoft Corp 4.5% 6/2/2057 1,350,000 USD 1,346,058 1,475,728 0.67 MidAmerican Energy Co 3.5% 15/10/2024 417,000 USD 415,589 434,990 0.20 MidAmerican Energy Co 4.4% 15/10/2044 1,000,000 USD 994,630 1,091,021 0.49 National Rural Utilities Cooperative Finance Corp 2.35% 15/6/2020 926,000 USD 925,447 932,248 0.42 NIKE Inc 3.375% 1/11/2046 2,000,000 USD 1,978,490 1,838,042 0.83 NIKE Inc 3.875% 1/11/2045 2,250,000 USD 2,230,243 2,264,487 1.02 Northern States Power Co/MN 4.85% 15/8/2040 200,000 USD 199,563 229,177 0.10 Northern States Power Co/WI 3.7% 1/10/2042 1,000,000 USD 993,069 970,213 0.44 Oracle Corp 1.2% 15/10/2017 750,000 USD 749,924 749,738 0.34 PepsiCo Inc 3.45% 6/10/2046 1,000,000 USD 992,060 937,258 0.42 PepsiCo Inc 4% 2/5/2047 1,500,000 USD 1,493,542 1,521,651 0.69 PepsiCo Inc 4.45% 14/4/2046 1,000,000 USD 1,055,311 1,087,759 0.49 Philip Morris International Inc 3.375% 11/8/2025 2,000,000 USD 1,984,252 2,049,322 0.93 Philip Morris International Inc 4.25% 10/11/2044 1,300,000 USD 1,384,492 1,336,748 0.60 PNC Financial Services Group Inc/The 3.15% 19/5/2027 1,000,000 USD 997,985 994,234 0.45 Public Service Electric & Gas Co 3% 15/5/2027 ‘MTN’ 1,000,000 USD 997,116 1,000,053 0.45 Public Service Electric & Gas Co 3.75% 15/3/2024 580,000 USD 579,964 609,448 0.28 QUALCOMM Inc 4.3% 20/5/2047 1,200,000 USD 1,199,809 1,227,035 0.55 San Diego Gas & Electric Co 4.3% 1/4/2042 200,000 USD 199,141 214,356 0.10 San Diego Gas & Electric Co 6% 1/6/2026 500,000 USD 499,006 604,292 0.27 Simon Property Group LP 3.375% 15/6/2027 1,597,000 USD 1,587,264 1,588,400 0.72 Teachers Insurance & Annuity Association of America 4.27% 15/5/2047 ‘144A’ 1,000,000 USD 996,817 1,015,900 0.46 Toyota Motor Credit Corp 1.25% 5/10/2017 ‘MTN’ 750,000 USD 749,977 749,686 0.34 Toyota Motor Credit Corp 2.6% 11/1/2022 ‘MTN’ 2,000,000 USD 1,997,559 2,017,520 0.91

204 EASTSPRING INVESTMENTS

US HIGH INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Union Pacific Railroad Co 2005 Pass Through Trust 5.082% 2/1/2029 599,331 USD 599,331 653,056 0.30 United Parcel Service Inc 3.625% 1/10/2042 100,000 USD 90,713 98,494 0.04 United States Treasury Note/Bond 2.25% 15/2/2027 6,000,000 USD 6,022,066 5,983,125 2.70 University of California 4.858% 15/5/2112 500,000 USD 500,000 518,465 0.23 US Bancorp 2.35% 29/1/2021 ‘MTN’ 2,000,000 USD 1,999,799 2,010,622 0.91 US Bancorp 3.15% 27/4/2027 1,000,000 USD 999,411 1,000,894 0.45 US Bank NA/Cincinnati OH 2% 24/1/2020 2,000,000 USD 1,996,398 2,007,828 0.91 USAA Capital Corp 2.125% 3/6/2019 ‘144A’ 2,500,000 USD 2,499,954 2,511,877 1.14 Visa Inc 4.3% 14/12/2045 1,000,000 USD 998,416 1,094,312 0.49 Walt Disney Co/The 2.45% 4/3/2022 ‘MTN’ 1,071,000 USD 1,069,319 1,079,939 0.49 Walt Disney Co/The 2.95% 15/6/2027 ‘MTN’ 2,100,000 USD 2,092,269 2,084,135 0.94 Walt Disney Co/The 4.125% 1/6/2044 ‘GMTN’ 2,500,000 USD 2,520,948 2,619,957 1.17 Wells Fargo & Co FRN 22/5/2028 ‘MTN’ 683,000 USD 683,000 688,948 0.31 Wells Fargo & Co 1.5% 16/1/2018 ‘GMTN’ 1,000,000 USD 1,000,277 1,000,009 0.45 Wells Fargo & Co 3.069% 24/1/2023 2,000,000 USD 2,000,000 2,026,014 0.92 Wells Fargo & Co 3.3% 9/9/2024 ‘MTN’ 1,500,000 USD 1,497,093 1,517,291 0.69 Wells Fargo Bank NA 1.75% 24/5/2019 2,000,000 USD 1,999,455 1,996,178 0.90 Wells Fargo Bank NA 2.15% 6/12/2019 ‘MTN’ 2,000,000 USD 1,997,767 2,007,812 0.91 Wyeth LLC 5.95% 1/4/2037 1,000,000 USD 1,039,430 1,290,475 0.58 136,524,947 138,317,560 62.50

Total Bonds 199,784,026 202,135,037 91.35

SECURITISED ASSETS

United States of America Americredit Automobile Receivables Trust 2016-4 1.34% 8/4/2020 ‘2016 4 A2A’ 469,646 USD 469,618 469,413 0.21 AmeriCredit Automobile Receivables Trust 2017-1 1.51% 18/5/2020 ‘2017 1 A2A’ 713,000 USD 712,941 712,702 0.32 Ascentium Equipment Receivables 2015-1 LLC 2.26% 10/6/2021 ‘144A’ 86,150 USD 85,551 86,020 0.04 Ascentium Equipment Receivables 2016-1 Trust 1.75% 13/11/2018 ‘144A’ 135,596 USD 135,593 135,706 0.06 Ascentium Equipment Receivables 2016-1 Trust 1.92% 10/12/2019 ‘144A’ 135,000 USD 134,989 135,002 0.06 Ascentium Equipment Receivables 2016-2 Trust 1.46% 10/4/2019 ‘144A’ 254,762 USD 254,763 254,445 0.11 Ascentium Equipment Receivables 2016-2 Trust 1.65% 10/5/2022 ‘144A’ 273,000 USD 272,978 271,246 0.12 Ascentium Equipment Receivables 2017-1 Trust 1.87% 10/7/2019 ‘144A’ 163,000 USD 162,993 163,035 0.07 Ascentium Equipment Receivables 2017-1 Trust 2.29% 10/6/2021 ‘144A’ 211,000 USD 210,989 211,284 0.10 BAMLL Commercial Mortgage Securities Trust 2015-200P 3.49% 14/4/2033 ‘144A’ 428,000 USD 440,816 436,492 0.20 BANK 2017-BNK5 3.624% 15/6/2060 ‘2017 BNK5 AS’ 389,000 USD 400,657 400,657 0.18 BWAY 2015-1740 Mortgage Trust 2.917% 10/1/2035 ‘144A’ 1,500,000 USD 1,496,242 1,492,590 0.67 California Republic Auto Receivables Trust 2014-2 1.57% 16/12/2019 ‘2014 2 A4’ 852,700 USD 852,666 852,548 0.39 California Republic Auto Receivables Trust 2014-3 1.79% 16/3/2020 ‘2014 3 A4’ 650,131 USD 650,068 651,012 0.29 Dell Equipment Finance Trust 2015-1 1.3% 23/3/2020 ‘144A’ 12,063 USD 12,062 12,062 0.01 Dell Equipment Finance Trust 2015-1 1.81% 23/3/2020 ‘144A’ 187,000 USD 186,978 187,110 0.08 Dell Equipment Finance Trust 2016-1 1.65% 22/7/2021 ‘144A’ 1,000,000 USD 999,974 1,000,045 0.45 Dell Equipment Finance Trust 2017-1 2.14% 22/4/2022 ‘144A’ 324,000 USD 323,984 324,664 0.15 First Investors Auto Owner Trust 2016-1 1.92% 15/5/2020 ‘144A’ 205,186 USD 205,963 205,337 0.09 Ford Credit Auto Owner Trust 2014-A 1.9% 15/9/2019 ‘2014 A C’ 110,000 USD 109,990 110,207 0.05 Ford Credit Auto Owner Trust 2015-B 2.21% 15/1/2021 ‘2015 B C’ 206,000 USD 205,932 207,426 0.09 GM Financial Automobile Leasing Trust 2016-2 1.62% 20/9/2019 ‘2016 2 A3’ 768,000 USD 767,924 767,666 0.35 GM Financial Automobile Leasing Trust 2017-1 2.06% 20/5/2020 ‘2017 1 A3’ 631,000 USD 630,971 633,969 0.29 GM Financial Consumer Automobile 2017-1 1.78% 18/10/2021 ‘144A’ 739,000 USD 738,892 739,978 0.33

205 EASTSPRING INVESTMENTS

US HIGH INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

GreatAmerica Leasing Receivables 1.47% 15/8/2020 ‘144A’ 114,363 USD 114,352 114,346 0.05 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 1.72% 22/4/2019 ‘144A’ 194,000 USD 193,979 193,909 0.09 GS Mortgage Securities Corp II 3.382% 10/5/2050 ‘2015 GC30 A4’ 2,000,000 USD 2,059,963 2,051,800 0.93 Hilton Grand Vacations Trust 2017-A 2.66% 26/12/2028 ‘144A’ 485,839 USD 485,771 486,452 0.22 Houston Galleria Mall Trust 2015-HGLR 3.087% 5/3/2037 ‘144A’ 2,500,000 USD 2,522,403 2,492,200 1.13 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21 3.652% 15/3/2048 ‘2015 C21 AS’ 100,000 USD 102,779 102,281 0.05 Wells Fargo Commercial Mortgage Trust 2017-C38 FRN 15/7/2050 ‘2017 C38 B’ 235,000 USD 242,034 241,023 0.11 Westlake Automobile Receivables Trust 2016-3 1.42% 15/10/2019 ‘144A’ 455,444 USD 455,432 454,988 0.21 16,640,247 16,597,615 7.50

Total Securitised Assets 16,640,247 16,597,615 7.50

Total Investments 216,682,357 218,990,736 98.97

Other Net Assets 2,289,943 1.03

Total Net Assets 221,280,679 100.00

206 Eastspring Investments – US High Yield Bond Fund (“US High Yield Bond Fund”)

EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland BNY Mellon U.S. Dollar Liquidity Fund ‘Investor’ 67,521,324 USD 67,521,324 67,521,324 3.63

Total Mutual Funds 67,521,324 67,521,324 3.63

BONDS

Australia FMG Resources August 2006 Pty Ltd 4.75% 15/5/2022 ‘144A’ 3,201,000 USD 3,208,322 3,238,589 0.18 FMG Resources August 2006 Pty Ltd 5.125% 15/5/2024 ‘144A’ 3,175,000 USD 3,175,000 3,182,776 0.17 6,383,322 6,421,365 0.35

Austria JBS Investments GmbH 7.25% 3/4/2024 ‘144A’ 8,715,000 USD 8,715,000 7,778,138 0.42 JBS Investments GmbH 7.75% 28/10/2020 ‘144A’ 3,896,000 USD 3,896,000 3,681,720 0.20 12,611,000 11,459,858 0.62

Bermuda Aircastle Ltd 4.125% 1/5/2024 5,545,000 USD 5,545,000 5,642,038 0.30 Aircastle Ltd 5% 1/4/2023 5,160,000 USD 5,315,248 5,514,750 0.30 Aircastle Ltd 5.5% 15/2/2022 1,542,000 USD 1,542,000 1,665,360 0.09 NCL Corp Ltd 4.75% 15/12/2021 ‘144A’ 4,000,000 USD 4,000,000 4,140,000 0.22 Weatherford International Ltd 6.5% 1/8/2036 2,000,000 USD 1,779,646 1,685,000 0.09 Weatherford International Ltd 9.875% 15/2/2024 ‘144A’ 3,949,000 USD 4,194,117 4,106,960 0.22 22,376,011 22,754,108 1.22

Canada Bombardier Inc 6% 15/10/2022 ‘144A’ 8,459,000 USD 8,459,000 8,480,147 0.46 Bombardier Inc 7.45% 1/5/2034 ‘144A’ 667,000 USD 653,755 667,000 0.04 Bombardier Inc 7.5% 15/3/2025 ‘144A’ 6,349,000 USD 5,942,999 6,587,088 0.35 Bombardier Inc 8.75% 1/12/2021 ‘144A’ 2,500,000 USD 2,478,079 2,778,125 0.15 Cenovus Energy Inc 4.45% 15/9/2042 4,286,000 USD 2,556,486 3,546,665 0.19 First Quantum Minerals Ltd 7.5% 1/4/2025 ‘144A’ 6,000,000 USD 6,002,411 5,970,000 0.32 GFL Environmental Inc 9.875% 1/2/2021 ‘144A’ 3,429,000 USD 3,562,870 3,729,038 0.20 Ithaca Energy Inc 8.125% 1/7/2019 ‘144A’ 4,102,000 USD 4,011,287 4,209,678 0.23 Lions Gate Entertainment Corp 5.875% 1/11/2024 ‘144A’ 6,144,000 USD 6,253,558 6,420,480 0.35 MDC Partners Inc 6.5% 1/5/2024 ‘144A’ 5,114,000 USD 5,114,000 5,088,430 0.27 MEG Energy Corp 6.375% 30/1/2023 ‘144A’ 2,000,000 USD 1,912,109 1,555,000 0.08 MEG Energy Corp 6.5% 15/1/2025 ‘144A’ 1,162,000 USD 1,162,000 1,048,705 0.06 MEG Energy Corp 7% 31/3/2024 ‘144A’ 2,000,000 USD 1,917,925 1,545,000 0.08 Precision Drilling Corp 5.25% 15/11/2024 2,050,000 USD 1,761,559 1,804,000 0.10 Precision Drilling Corp 7.75% 15/12/2023 ‘144A’ 1,432,000 USD 1,432,000 1,424,840 0.08 Seven Generations Energy Ltd 6.75% 1/5/2023 ‘144A’ 1,000,000 USD 1,000,000 1,036,250 0.06 St Marys Cement Inc Canada 5.75% 28/1/2027 ‘144A’ 4,000,000 USD 3,929,779 3,920,000 0.21 Teck Resources Ltd 3.75% 1/2/2023 3,500,000 USD 2,695,816 3,395,000 0.18 Teck Resources Ltd 8.5% 1/6/2024 ‘144A’ 499,000 USD 499,000 577,593 0.03 Telesat Canada / Telesat LLC 8.875% 15/11/2024 ‘144A’ 6,425,000 USD 6,677,406 7,212,063 0.39 Trinidad Drilling Ltd 6.625% 15/2/2025 ‘144A’ 1,118,000 USD 1,118,000 1,059,305 0.06 Valeant Pharmaceuticals International Inc 5.5% 1/3/2023 ‘144A’ 2,425,000 USD 1,811,292 2,061,250 0.11 Valeant Pharmaceuticals International Inc 5.625% 1/12/2021 ‘144A’ 9,183,000 USD 8,694,360 8,356,530 0.45 Valeant Pharmaceuticals International Inc 5.875% 15/5/2023 ‘144A’ 9,944,000 USD 9,640,468 8,526,979 0.46 Valeant Pharmaceuticals International Inc 6.125% 15/4/2025 ‘144A’ 2,293,000 USD 2,321,326 1,937,585 0.10 Valeant Pharmaceuticals International Inc 6.5% 15/3/2022 ‘144A’ 702,000 USD 702,000 737,100 0.04 Valeant Pharmaceuticals International Inc 7% 15/3/2024 ‘144A’ 2,105,000 USD 2,105,000 2,226,038 0.12 Valeant Pharmaceuticals International Inc 7.5% 15/7/2021 ‘144A’ 12,288,000 USD 12,709,508 11,950,079 0.63 107,123,993 107,849,968 5.80

207 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Cayman Islands Noble Holding International Ltd 4.625% 1/3/2021 1,380,000 USD 1,130,400 1,124,700 0.06 Noble Holding International Ltd 7.7% 1/4/2025 2,148,000 USD 1,505,392 1,648,590 0.09 Sable International Finance Ltd 6.875% 1/8/2022 ‘144A’ 2,000,000 USD 1,980,099 2,140,000 0.12 Transocean Inc 9% 15/7/2023 ‘144A’ 6,100,000 USD 5,968,588 6,344,000 0.34 Transocean Proteus Ltd 6.25% 1/12/2024 ‘144A’ 5,254,450 USD 5,175,633 5,359,539 0.29 Vale Overseas Ltd 6.25% 10/8/2026 4,000,000 USD 4,000,000 4,330,000 0.23 19,760,112 20,946,829 1.13

France BNP Paribas SA FRN Perpetual ‘144A’ 3,714,000 USD 3,714,000 4,085,400 0.22 SFR Group SA 6.25% 15/5/2024 ‘144A’ 3,000,000 USD 3,063,243 3,172,500 0.17 SFR Group SA 7.375% 1/5/2026 ‘144A’ 10,269,000 USD 10,410,750 11,052,011 0.59 17,187,993 18,309,911 0.98

Germany IHO Verwaltungs GmbH 4.125% 15/9/2021 ‘144A’ 1,700,000 USD 1,700,000 1,737,958 0.09 IHO Verwaltungs GmbH 4.75% 15/9/2026 ‘144A’ 995,000 USD 995,000 1,006,194 0.05 Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 5% 15/1/2025 ‘144A’ 9,000,000 USD 9,000,000 9,404,999 0.51 11,695,000 12,149,151 0.65

International Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc 5.625% 1/3/2024 ‘144A’ 7,783,000 USD 7,803,850 8,152,693 0.44

Ireland Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 15/2/2025 ‘144A’ 8,000,000 USD 8,000,000 8,379,999 0.46 Perrigo Finance Unlimited Co 3.5% 15/3/2021 438,000 USD 437,600 453,252 0.02 Perrigo Finance Unlimited Co 4.375% 15/3/2026 797,000 USD 795,275 821,618 0.04 9,232,875 9,654,869 0.52

Italy Enel SpA FRN 24/9/2073 ‘144A’ 6,882,000 USD 6,829,314 8,172,375 0.44

Liberia Royal Caribbean Cruises Ltd 5.25% 15/11/2022 1,308,000 USD 1,308,000 1,453,515 0.08

Luxembourg Altice Financing SA 6.5% 15/1/2022 ‘144A’ 4,000,000 USD 4,124,011 4,175,000 0.22 Altice Financing SA 6.625% 15/2/2023 ‘144A’ 7,000,000 USD 7,032,445 7,437,499 0.40 Altice Finco SA 7.625% 15/2/2025 ‘144A’ 5,000,000 USD 5,183,677 5,375,000 0.29 Altice Luxembourg SA 7.75% 15/5/2022 ‘144A’ 4,204,000 USD 4,250,573 4,461,495 0.24 ArcelorMittal 6.125% 1/6/2025 3,000,000 USD 2,960,812 3,367,500 0.18 ArcelorMittal 6.75% 25/2/2022 1,895,000 USD 1,636,341 2,131,875 0.11 Atento Luxco 1 SA 7.375% 29/1/2020 ‘144A’ 3,182,000 USD 3,182,000 3,205,865 0.17 Capsugel SA 7% 15/5/2019 ‘144A’ 5,876,000 USD 5,924,063 5,876,000 0.32 Intelsat Connect Finance SA 12.5% 1/4/2022 ‘144A’ 2,402,000 USD 1,525,902 2,155,795 0.12 Intelsat Jackson Holdings SA 5.5% 1/8/2023 3,174,000 USD 2,870,931 2,622,518 0.14 Intelsat Jackson Holdings SA 7.25% 1/4/2019 5,000,000 USD 4,494,577 5,000,000 0.27 Intelsat Jackson Holdings SA 7.5% 1/4/2021 2,000,000 USD 1,584,084 1,845,000 0.10 Intelsat Jackson Holdings SA 9.75% 15/7/2025 ‘144A’ 4,638,000 USD 4,638,000 4,638,000 0.25 Nielsen Co Luxembourg SARL/The 5% 1/2/2025 ‘144A’ 3,178,000 USD 3,178,000 3,269,368 0.18 Nielsen Co Luxembourg SARL/The 5.5% 1/10/2021 ‘144A’ 3,223,000 USD 3,223,000 3,331,776 0.18 Telecom Italia Capital SA 6% 30/9/2034 6,422,000 USD 6,751,998 6,775,210 0.36 Telecom Italia Capital SA 6.375% 15/11/2033 1,428,000 USD 1,524,053 1,536,885 0.08 64,084,467 67,204,786 3.61

208 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Malta VistaJet Malta Finance Plc / VistaJet Co Finance LLC 7.75% 1/6/2020 ‘144A’ 10,500,000 USD 9,205,283 7,350,000 0.40

Mexico Cemex SAB de CV 5.7% 11/1/2025 ‘144A’ 11,719,000 USD 11,719,000 12,466,086 0.67

Netherlands NXP BV / NXP Funding LLC 4.125% 1/6/2021 ‘144A’ 1,731,000 USD 1,731,000 1,819,714 0.10 NXP BV / NXP Funding LLC 4.625% 1/6/2023 ‘144A’ 1,217,000 USD 1,217,000 1,311,318 0.07 NXP BV / NXP Funding LLC 5.75% 15/3/2023 ‘144A’ 2,268,000 USD 2,341,805 2,401,245 0.13 Petrobras Global Finance BV 7.375% 17/1/2027 2,619,000 USD 2,619,000 2,759,771 0.15 Sensata Technologies BV 5.625% 1/11/2024 ‘144A’ 1,363,000 USD 1,363,000 1,458,410 0.08 Ziggo Bond Finance BV 6% 15/1/2027 ‘144A’ 6,000,000 USD 6,000,000 6,052,500 0.33 Ziggo Secured Finance BV 5.5% 15/1/2027 ‘144A’ 7,409,000 USD 7,409,000 7,529,396 0.40 22,680,805 23,332,354 1.26

Singapore Flex Ltd 4.625% 15/2/2020 5,000,000 USD 5,000,000 5,257,240 0.28

Sweden Stena AB 7% 1/2/2024 ‘144A’ 12,159,000 USD 11,040,152 11,231,876 0.60

United Kingdom Anglo American Capital Plc 3.75% 10/4/2022 ‘144A’ 2,858,000 USD 2,858,000 2,873,125 0.15 Anglo American Capital Plc 4.125% 27/9/2022 ‘144A’ 1,533,000 USD 1,448,621 1,563,660 0.08 Anglo American Capital Plc 4.75% 10/4/2027 ‘144A’ 1,476,000 USD 1,476,000 1,516,070 0.08 Anglo American Capital Plc 4.875% 14/5/2025 ‘144A’ 3,467,000 USD 3,209,218 3,605,680 0.19 EnQuest Plc 7% 15/4/2022 ‘144A’’EMTN’ 16,117,458 USD 10,598,605 12,128,387 0.66 Ensco Plc 4.5% 1/10/2024 1,485,000 USD 917,294 1,121,175 0.06 Ensco Plc 5.2% 15/3/2025 8,127,000 USD 5,651,076 6,420,330 0.35 Ensco Plc 8% 31/1/2024 1,198,000 USD 2,311,550 1,126,120 0.06 Inmarsat Finance Plc 4.875% 15/5/2022 ‘144A’ 3,101,000 USD 3,085,686 3,140,674 0.17 Royal Bank of Scotland Group Plc 6.1% 10/6/2023 8,971,000 USD 9,469,057 9,873,205 0.53 Sensata Technologies UK Financing Co Plc 6.25% 15/2/2026 ‘144A’ 2,000,000 USD 2,178,696 2,167,500 0.12 43,203,803 45,535,926 2.45

United States of America 24 Hour Fitness Worldwide Inc 8% 1/6/2022 ‘144A’ 7,389,000 USD 7,389,000 6,853,298 0.37 ACCO Brands Corp 5.25% 15/12/2024 ‘144A’ 2,160,000 USD 2,160,000 2,246,400 0.12 Advanced Disposal Services Inc 5.625% 15/11/2024 ‘144A’ 8,000,000 USD 7,975,518 8,239,999 0.44 AECOM 5.125% 15/3/2027 ‘144A’ 4,715,000 USD 4,715,000 4,715,000 0.25 AECOM 5.75% 15/10/2022 2,044,000 USD 2,044,000 2,143,645 0.12 AECOM 5.875% 15/10/2024 3,155,000 USD 3,155,000 3,427,119 0.18 AES Corp/VA 5.5% 15/4/2025 6,500,000 USD 6,651,694 6,808,750 0.37 Ally Financial Inc 4.125% 30/3/2020 3,000,000 USD 3,010,440 3,086,250 0.17 Ally Financial Inc 4.25% 15/4/2021 2,000,000 USD 1,991,572 2,070,000 0.11 Ally Financial Inc 4.625% 30/3/2025 4,000,000 USD 4,074,343 4,095,000 0.22 Ally Financial Inc 5.75% 20/11/2025 4,000,000 USD 3,941,679 4,215,000 0.23 Alta Mesa Holdings LP / Alta Mesa Finance Services Corp 7.875% 15/12/2024 ‘144A’ 4,171,000 USD 4,171,000 4,202,283 0.23 Altice US Finance I Corp 5.5% 15/5/2026 ‘144A’ 7,000,000 USD 7,000,000 7,341,250 0.39 AMC Entertainment Holdings Inc 5.75% 15/6/2025 4,000,000 USD 4,000,000 4,150,000 0.22 AMC Entertainment Holdings Inc 5.875% 15/11/2026 ‘144A’ 1,469,000 USD 1,469,000 1,529,596 0.08 AMC Entertainment Holdings Inc 6.125% 15/5/2027 ‘144A’ 3,416,000 USD 3,416,000 3,612,420 0.19 American Airlines 2013-2 Class B Pass Through Trust 5.6% 15/7/2020 ‘144A’ 3,197,372 USD 3,197,372 3,338,057 0.18 American Energy - Woodford LLC/AEW Finance Corp 9% 15/9/2022 ‘144A’ 5,000,000 USD 4,866,660 2,150,000 0.12 American Greetings Corp 7.875% 15/2/2025 ‘144A’ 1,095,000 USD 1,087,428 1,179,863 0.06 AmeriGas Partners LP / AmeriGas Finance Corp 5.5% 20/5/2025 6,000,000 USD 6,000,000 6,090,000 0.33 Antero Resources Corp 5.375% 1/11/2021 6,370,000 USD 5,844,097 6,449,625 0.35 Apex Tool Group LLC 7% 1/2/2021 ‘144A’ 5,867,000 USD 5,681,914 5,456,310 0.29

209 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Aramark Services Inc 4.75% 1/6/2026 3,048,000 USD 3,048,000 3,162,300 0.17 Aramark Services Inc 5.125% 15/1/2024 713,000 USD 713,000 748,650 0.04 AT&T Inc 3.4% 15/5/2025 6,957,000 USD 6,940,880 6,839,357 0.37 B&G Foods Inc 5.25% 1/4/2025 1,190,000 USD 1,190,000 1,215,288 0.07 Bank of America Corp FRN Perpetual 624,000 USD 624,000 677,820 0.04 Bank of America Corp FRN Perpetual Series K 8,000,000 USD 8,081,618 8,239,999 0.44 Beazer Homes USA Inc 6.75% 15/3/2025 2,109,000 USD 2,109,000 2,203,905 0.12 Beazer Homes USA Inc 8.75% 15/3/2022 2,772,000 USD 2,803,998 3,076,920 0.17 Berry Plastics Corp 5.125% 15/7/2023 2,000,000 USD 2,000,000 2,070,000 0.11 Bill Barrett Corp 8.75% 15/6/2025 ‘144A’ 6,000,000 USD 6,004,814 5,100,000 0.27 BlueLine Rental Finance Corp / BlueLine Rental LLC 9.25% 15/3/2024 ‘144A’ 2,082,000 USD 2,082,000 2,165,280 0.12 BMC East LLC 5.5% 1/10/2024 ‘144A’ 665,000 USD 665,000 693,263 0.04 Boise Cascade Co 5.625% 1/9/2024 ‘144A’ 1,134,000 USD 1,134,000 1,168,020 0.06 Builders FirstSource Inc 5.625% 1/9/2024 ‘144A’ 1,348,000 USD 1,348,000 1,401,920 0.08 BWAY Holding Co 5.5% 15/4/2024 ‘144A’ 6,000,000 USD 6,000,000 6,112,500 0.33 BWAY Holding Co 7.25% 15/4/2025 ‘144A’ 7,000,000 USD 7,000,000 7,105,000 0.38 Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Prope 8% 1/10/2020 1,000,000 USD 1,021,812 1,030,000 0.06 Calpine Corp 5.75% 15/1/2025 3,000,000 USD 3,034,886 2,797,500 0.15 Calumet Specialty Products Partners LP / Calumet Finance Corp 6.5% 15/4/2021 6,650,000 USD 6,658,802 5,752,250 0.31 Calumet Specialty Products Partners LP / Calumet Finance Corp 11.5% 15/1/2021 ‘144A’ 4,634,000 USD 4,574,197 5,358,063 0.29 Carrizo Oil & Gas Inc 6.25% 15/4/2023 3,496,000 USD 3,301,333 3,329,940 0.18 Carrizo Oil & Gas Inc 8.25% 15/7/2025 1,959,000 USD 1,959,000 1,959,000 0.11 CBS Radio Inc 7.25% 1/11/2024 ‘144A’ 1,877,000 USD 1,877,000 1,942,695 0.10 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 1/5/2023 ‘144A’ 6,000,000 USD 6,000,000 6,285,000 0.34 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 1/5/2027 ‘144A’ 9,347,000 USD 9,333,656 9,568,990 0.51 CCO Holdings LLC / CCO Holdings Capital Corp 5.75% 15/2/2026 ‘144A’ 3,000,000 USD 3,112,069 3,202,500 0.17 CCO Holdings LLC / CCO Holdings Capital Corp 5.875% 1/5/2027 ‘144A’ 5,400,000 USD 5,400,000 5,771,250 0.31 CDW LLC / CDW Finance Corp 5% 1/9/2023 4,000,000 USD 4,000,000 4,165,000 0.22 CDW LLC / CDW Finance Corp 5% 1/9/2025 688,000 USD 688,000 713,800 0.04 Cedar Fair LP / Canada’s Wonderland Co / Magnum Management Corp / Millennium Op 5.375% 15/4/2027 ‘144A’ 4,000,000 USD 4,000,000 4,220,000 0.23 Centene Corp 4.75% 15/5/2022 8,126,000 USD 8,169,192 8,511,984 0.46 Centene Corp 4.75% 15/1/2025 2,400,000 USD 2,427,106 2,484,000 0.13 CenturyLink Inc 5.625% 1/4/2020 4,000,000 USD 4,128,190 4,220,000 0.23 CenturyLink Inc 5.625% 1/4/2025 3,000,000 USD 3,052,087 2,992,500 0.16 CenturyLink Inc 6.45% 15/6/2021 1,000,000 USD 1,044,356 1,083,750 0.06 CenturyLink Inc 7.5% 1/4/2024 1,187,000 USD 1,187,000 1,299,765 0.07 Charter Communications Operating LLC / Charter Communications Operating Capital 4.464% 23/7/2022 3,000,000 USD 3,000,000 3,201,351 0.17 Chemours Co/The 5.375% 15/5/2027 1,982,000 USD 1,963,453 2,043,252 0.11 Cheniere Corpus Christi Holdings LLC 5.125% 30/6/2027 ‘144A’ 4,999,000 USD 5,005,440 5,111,478 0.27 Cheniere Corpus Christi Holdings LLC 5.875% 31/3/2025 7,440,000 USD 7,450,490 7,942,200 0.43 Cheniere Corpus Christi Holdings LLC 7% 30/6/2024 2,167,000 USD 2,229,332 2,410,788 0.13 Chesapeake Energy Corp 8% 15/12/2022 ‘144A’ 5,225,000 USD 3,315,627 5,486,250 0.30 Chobani LLC / Chobani Finance Corp Inc 7.5% 15/4/2025 ‘144A’ 2,958,000 USD 2,958,000 3,113,295 0.17 CHS/Community Health Systems Inc 6.25% 31/3/2023 3,297,000 USD 3,297,000 3,412,395 0.18 CHS/Community Health Systems Inc 6.875% 1/2/2022 3,000,000 USD 3,058,293 2,610,000 0.14 CHS/Community Health Systems Inc 7.125% 15/7/2020 2,000,000 USD 2,033,515 1,945,000 0.10 CHS/Community Health Systems Inc 8% 15/11/2019 5,088,000 USD 5,092,792 5,126,160 0.28 Cincinnati Bell Inc 7% 15/7/2024 ‘144A’ 1,347,000 USD 1,347,000 1,407,615 0.08 CIT Group Inc 5% 15/8/2022 5,180,000 USD 5,377,293 5,587,925 0.30 CIT Group Inc 5% 1/8/2023 4,000,000 USD 4,320,000 4,305,000 0.23 Citgo Holding Inc 10.75% 15/2/2020 ‘144A’ 3,000,000 USD 3,005,160 3,270,000 0.18 Citigroup Inc FRN Perpetual Series T 5,668,000 USD 5,668,000 6,277,310 0.34 CNH Industrial Capital LLC 3.875% 16/7/2018 5,300,000 USD 5,293,534 5,386,125 0.29 CNH Industrial Capital LLC 3.875% 15/10/2021 6,000,000 USD 5,971,136 6,187,500 0.33

210 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Cogent Communications Group Inc 5.375% 1/3/2022 ‘144A’ 3,000,000 USD 3,000,000 3,153,750 0.17 CommScope Inc 5% 15/6/2021 ‘144A’ 4,546,000 USD 4,546,000 4,671,015 0.25 CommScope Technologies LLC 6% 15/6/2025 ‘144A’ 6,278,000 USD 6,278,000 6,741,003 0.36 Concho Resources Inc 5.5% 1/4/2023 3,000,000 USD 3,112,091 3,086,250 0.17 Constellation Brands Inc 4.25% 1/5/2023 693,000 USD 693,000 739,778 0.04 Constellation Brands Inc 4.75% 15/11/2024 545,000 USD 545,000 594,731 0.03 Constellation Brands Inc 4.75% 1/12/2025 1,562,000 USD 1,562,000 1,704,533 0.09 Continental Airlines 2003-ERJ1 Pass Through Trust 7.875% 2/1/2020 51,100 USD 51,167 52,378 0.00 Continental Resources Inc/OK 3.8% 1/6/2024 2,500,000 USD 1,728,628 2,300,000 0.12 Continental Resources Inc/OK 4.5% 15/4/2023 5,500,000 USD 4,478,505 5,245,625 0.28 Continental Resources Inc/OK 4.9% 1/6/2044 1,500,000 USD 1,074,477 1,248,750 0.07 Cott Holdings Inc 5.5% 1/4/2025 ‘144A’ 2,589,000 USD 2,589,000 2,634,308 0.14 CSC Holdings LLC 5.5% 15/4/2027 ‘144A’ 6,822,000 USD 7,068,037 7,214,265 0.39 CSC Holdings LLC 10.875% 15/10/2025 ‘144A’ 4,000,000 USD 4,000,000 4,800,000 0.26 CyrusOne LP / CyrusOne Finance Corp 5% 15/3/2024 ‘144A’ 779,000 USD 779,000 800,423 0.04 CyrusOne LP / CyrusOne Finance Corp 5.375% 15/3/2027 ‘144A’ 544,000 USD 544,000 565,080 0.03 DaVita Inc 5% 1/5/2025 3,000,000 USD 3,022,313 3,007,500 0.16 DCP Midstream Operating LP FRN 21/5/2043 ‘144A’ 939,000 USD 939,000 873,270 0.05 Dell International LLC / EMC Corp 5.45% 15/6/2023 ‘144A’ 6,908,000 USD 6,905,499 7,510,751 0.40 Dell International LLC / EMC Corp 5.875% 15/6/2021 ‘144A’ 1,264,000 USD 1,264,000 1,324,040 0.07 Dell International LLC / EMC Corp 6.02% 15/6/2026 ‘144A’ 3,000,000 USD 2,998,719 3,308,400 0.18 Dell International LLC / EMC Corp 7.125% 15/6/2024 ‘144A’ 1,774,000 USD 1,774,000 1,951,400 0.10 Denbury Resources Inc 4.625% 15/7/2023 3,000,000 USD 1,990,359 1,590,000 0.09 Denbury Resources Inc 5.5% 1/5/2022 5,356,000 USD 4,087,873 2,999,360 0.16 Diamondback Energy Inc 4.75% 1/11/2024 ‘144A’ 610,000 USD 610,000 605,425 0.03 DISH DBS Corp 5.125% 1/5/2020 5,248,000 USD 5,300,746 5,484,160 0.29 DISH DBS Corp 5.875% 15/7/2022 4,000,000 USD 4,054,673 4,310,000 0.23 DISH DBS Corp 7.75% 1/7/2026 4,657,000 USD 4,657,000 5,506,903 0.30 DJO Finco Inc / DJO Finance LLC / DJO Finance Corp 8.125% 15/6/2021 ‘144A’ 2,685,000 USD 2,685,000 2,503,763 0.13 Dollar General Corp 3.25% 15/4/2023 6,769,000 USD 6,324,708 6,900,454 0.37 Downstream Development Authority of the Quapaw Tribe of Oklahoma 10.5% 1/7/2019 ‘144A’ 8,000,000 USD 7,985,424 7,790,000 0.42 DPL Inc 7.25% 15/10/2021 8,000,000 USD 8,311,498 8,619,999 0.46 Dynegy Inc 7.625% 1/11/2024 4,134,000 USD 4,008,268 4,020,315 0.22 Dynegy Inc 8% 15/1/2025 ‘144A’ 11,830,000 USD 11,665,771 11,475,099 0.61 Eagle Materials Inc 4.5% 1/8/2026 1,164,000 USD 1,164,000 1,196,010 0.06 Eldorado Resorts Inc 6% 1/4/2025 ‘144A’ 1,181,000 USD 1,181,000 1,248,908 0.07 EMI Music Publishing Group North America Holdings Inc 7.625% 15/6/2024 ‘144A’ 1,471,000 USD 1,471,000 1,636,488 0.09 Endo Finance LLC 5.75% 15/1/2022 ‘144A’ 5,238,000 USD 5,238,000 4,727,295 0.25 Energy Transfer Equity LP 5.5% 1/6/2027 6,900,000 USD 7,228,084 7,141,500 0.38 Envision Healthcare Corp 6.25% 1/12/2024 ‘144A’ 1,743,000 USD 1,743,000 1,860,653 0.10 EP Energy LLC / Everest Acquisition Finance Inc 6.375% 15/6/2023 3,815,000 USD 1,975,158 2,117,325 0.11 EP Energy LLC / Everest Acquisition Finance Inc 8% 29/11/2024 ‘144A’ 2,711,000 USD 2,711,000 2,697,445 0.15 EP Energy LLC / Everest Acquisition Finance Inc 8% 15/2/2025 ‘144A’ 4,580,000 USD 4,269,082 3,366,300 0.18 EP Energy LLC / Everest Acquisition Finance Inc 9.375% 1/5/2020 1,334,000 USD 711,910 1,037,185 0.06 Equinix Inc 5.375% 15/5/2027 4,700,000 USD 5,034,875 5,023,125 0.27 ESH Hospitality Inc 5.25% 1/5/2025 ‘144A’ 4,000,000 USD 4,008,989 4,145,000 0.22 Exelon Corp 3.95% 15/6/2025 3,068,000 USD 3,062,999 3,180,415 0.17 First Data Corp 7% 1/12/2023 ‘144A’ 10,444,000 USD 10,772,850 11,109,804 0.59 FirstEnergy Corp 4.25% 15/3/2023 1,005,000 USD 956,475 1,060,327 0.06 Flex Acquisition Co Inc 6.875% 15/1/2025 ‘144A’ 2,142,000 USD 2,142,000 2,222,325 0.12 Florida East Coast Holdings Corp 6.75% 1/5/2019 ‘144A’ 2,739,000 USD 2,739,000 2,810,899 0.15 Forum Energy Technologies Inc 6.25% 1/10/2021 5,000,000 USD 5,024,846 4,887,500 0.26 Freeport-McMoRan Inc 3.1% 15/3/2020 10,000,000 USD 7,847,090 9,774,999 0.53 Freeport-McMoRan Inc 3.55% 1/3/2022 9,000,000 USD 6,335,626 8,459,999 0.46 Freeport-McMoRan Inc 4.55% 14/11/2024 5,000,000 USD 3,157,912 4,725,000 0.25 Fresenius Medical Care US Finance II Inc 4.125% 15/10/2020 ‘144A’ 1,683,000 USD 1,683,000 1,746,113 0.09 Fresenius Medical Care US Finance II Inc 4.75% 15/10/2024 ‘144A’ 1,143,000 USD 1,143,000 1,210,151 0.07 Fresenius US Finance II Inc 4.25% 1/2/2021 ‘144A’ 2,781,000 USD 2,781,000 2,913,098 0.16 Frontier Communications Corp 6.25% 15/9/2021 2,875,000 USD 2,769,217 2,565,938 0.14

211 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Frontier Communications Corp 6.875% 15/1/2025 8,700,000 USD 7,102,081 6,807,750 0.37 Frontier Communications Corp 7.45% 1/7/2035 1,500,000 USD 1,081,879 918,750 0.05 Frontier Communications Corp 7.875% 15/1/2027 1,635,000 USD 1,399,284 1,193,550 0.06 Frontier Communications Corp 8.125% 1/10/2018 7,000,000 USD 7,222,315 7,385,000 0.40 Frontier Communications Corp 11% 15/9/2025 2,878,000 USD 2,878,000 2,662,150 0.14 GCP Applied Technologies Inc 9.5% 1/2/2023 ‘144A’ 2,220,000 USD 2,220,000 2,525,250 0.14 GenOn Americas Generation LLC 8.5% 1/10/2021 (Defaulted) 6,967,000 USD 6,160,848 6,252,883 0.34 GenOn Energy Inc 9.875% 15/10/2020 (Defaulted) 6,926,000 USD 6,987,023 4,120,970 0.22 Gibson Brands Inc 8.875% 1/8/2018 ‘144A’ 5,502,000 USD 5,550,328 4,869,270 0.26 Glencore Funding LLC 4.125% 30/5/2023 ‘144A’ 3,000,000 USD 2,424,708 3,105,000 0.17 Glencore Funding LLC 4.625% 29/4/2024 ‘144A’ 4,968,000 USD 4,212,040 5,179,140 0.28 GLP Capital LP / GLP Financing II Inc 4.375% 15/4/2021 400,000 USD 400,000 421,000 0.02 GLP Capital LP / GLP Financing II Inc 5.375% 15/4/2026 1,121,000 USD 1,121,000 1,221,890 0.07 Goldman Sachs Group Inc/The FRN Perpetual 1,818,000 USD 1,818,000 1,915,718 0.10 Goodyear Tire & Rubber Co/The 4.875% 15/3/2027 2,509,000 USD 2,509,000 2,546,635 0.14 Goodyear Tire & Rubber Co/The 5.125% 15/11/2023 1,725,000 USD 1,725,000 1,806,938 0.10 Graphic Packaging International Inc 4.75% 15/4/2021 1,412,000 USD 1,412,000 1,484,365 0.08 Halcon Resources Corp 12% 15/2/2022 ‘144A’ 7,081,000 USD 5,398,542 8,143,150 0.44 Hanesbrands Inc 4.625% 15/5/2024 ‘144A’ 3,000,000 USD 2,969,261 3,056,250 0.16 HCA Inc 5.25% 15/6/2026 6,000,000 USD 6,258,210 6,495,000 0.35 HCA Inc 5.375% 1/2/2025 17,000,000 USD 17,423,100 17,934,999 0.95 HCA Inc 7.5% 15/2/2022 8,000,000 USD 8,192,941 9,219,999 0.50 Hearthside Group Holdings LLC/Hearthside Finance Co 6.5% 1/5/2022 ‘144A’ 8,288,000 USD 8,388,512 8,370,879 0.45 Hertz Corp/The 5.5% 15/10/2024 ‘144A’ 4,932,000 USD 4,345,880 4,019,580 0.22 Hewlett Packard Enterprise Co 4.4% 15/10/2022 7,000,000 USD 6,989,579 7,429,954 0.40 Hexion Inc 10.375% 1/2/2022 ‘144A’ 1,748,000 USD 1,770,667 1,730,520 0.09 High Ridge Brands Co 8.875% 15/3/2025 ‘144A’ 2,247,000 USD 2,255,280 2,230,148 0.12 Hill-Rom Holdings Inc 5% 15/2/2025 ‘144A’ 1,963,000 USD 1,963,000 2,007,168 0.11 Hilton Domestic Operating Co Inc 4.25% 1/9/2024 ‘144A’ 5,176,000 USD 5,174,991 5,240,700 0.28 Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 1/4/2027 ‘144A’ 4,526,000 USD 4,526,000 4,718,355 0.25 Hologic Inc 5.25% 15/7/2022 ‘144A’ 2,405,000 USD 2,405,000 2,525,250 0.14 Hornbeck Offshore Services Inc 5.875% 1/4/2020 3,355,000 USD 3,355,000 1,903,963 0.10 Hughes Satellite Systems Corp 5.25% 1/8/2026 4,052,000 USD 4,047,241 4,234,340 0.23 Hughes Satellite Systems Corp 6.5% 15/6/2019 890,000 USD 914,564 961,200 0.05 Hughes Satellite Systems Corp 6.625% 1/8/2026 2,052,000 USD 2,052,000 2,211,030 0.12 Huntington Ingalls Industries Inc 5% 15/11/2025 ‘144A’ 3,137,000 USD 3,137,000 3,364,433 0.18 Icahn Enterprises LP / Icahn Enterprises Finance Corp 4.875% 15/3/2019 3,897,000 USD 3,897,000 3,926,228 0.21 iHeartCommunications Inc 10.625% 15/3/2023 2,000,000 USD 2,000,000 1,500,000 0.08 iHeartCommunications Inc 14% 1/2/2021 9,022,919 USD 9,142,918 1,894,813 0.10 Infor US Inc 5.75% 15/8/2020 ‘144A’ 1,200,000 USD 1,192,512 1,239,000 0.07 IPALCO Enterprises Inc 5% 1/5/2018 1,044,000 USD 1,043,909 1,060,965 0.06 Jack Ohio Finance LLC / Jack Ohio Finance 1 Corp 10.25% 15/11/2022 ‘144A’ 6,000,000 USD 6,000,000 6,577,500 0.35 JC Penney Corp Inc 5.875% 1/7/2023 ‘144A’ 772,000 USD 772,000 762,350 0.04 JPMorgan Chase & Co FRN Perpetual 4,752,000 USD 5,233,016 4,924,260 0.26 KB Home 7% 15/12/2021 1,943,000 USD 1,943,000 2,183,446 0.12 KB Home 7.625% 15/5/2023 7,569,000 USD 7,569,000 8,496,202 0.46 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.75% 1/6/2027 ‘144A’ 5,917,000 USD 5,976,448 6,020,548 0.32 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 5.25% 1/6/2026 ‘144A’ 1,370,000 USD 1,385,427 1,441,925 0.08 Kindred Healthcare Inc 6.375% 15/4/2022 2,000,000 USD 1,931,574 1,975,000 0.11 Kindred Healthcare Inc 8% 15/1/2020 4,500,000 USD 4,500,000 4,741,875 0.26 Koppers Inc 6% 15/2/2025 ‘144A’ 1,226,000 USD 1,226,000 1,304,158 0.07 Landry’s Inc 6.75% 15/10/2024 ‘144A’ 4,342,000 USD 4,389,166 4,439,695 0.24 Lennar Corp 4.125% 15/1/2022 2,979,000 USD 2,979,000 3,083,265 0.17 Level 3 Communications Inc 5.75% 1/12/2022 2,000,000 USD 2,000,000 2,075,000 0.11 Level 3 Financing Inc 5.125% 1/5/2023 5,000,000 USD 5,000,000 5,175,000 0.28 Level 3 Financing Inc 5.375% 1/5/2025 3,000,000 USD 3,171,125 3,150,000 0.17 Level 3 Financing Inc 5.625% 1/2/2023 2,363,000 USD 2,363,000 2,457,520 0.13 Levi Strauss & Co 5% 1/5/2025 5,354,000 USD 5,536,500 5,608,315 0.30

212 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Liberty Interactive LLC 8.25% 1/2/2030 1,400,000 USD 1,373,046 1,515,500 0.08 Live Nation Entertainment Inc 4.875% 1/11/2024 ‘144A’ 3,596,000 USD 3,596,000 3,636,455 0.20 Live Nation Entertainment Inc 5.375% 15/6/2022 ‘144A’ 2,425,000 USD 2,425,000 2,515,938 0.14 M/I Homes Inc 6.75% 15/1/2021 6,000,000 USD 6,000,000 6,300,000 0.34 Masco Corp 4.375% 1/4/2026 5,000,000 USD 4,979,284 5,323,135 0.29 MEDNAX Inc 5.25% 1/12/2023 ‘144A’ 2,549,000 USD 2,574,249 2,638,215 0.14 Men’s Wearhouse Inc/The 7% 1/7/2022 8,214,000 USD 8,327,701 7,289,925 0.39 Meritage Homes Corp 7.15% 15/4/2020 4,667,000 USD 4,803,512 5,157,035 0.28 Meritor Inc 6.25% 15/2/2024 7,000,000 USD 7,003,147 7,306,250 0.39 Meritor Inc 6.75% 15/6/2021 1,718,000 USD 1,718,000 1,775,983 0.10 MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc 5.625% 1/5/2024 3,074,000 USD 3,247,265 3,335,290 0.18 MGM Resorts International 6.625% 15/12/2021 1,666,000 USD 1,701,108 1,870,085 0.10 Michaels Stores Inc 5.875% 15/12/2020 ‘144A’ 3,907,000 USD 3,938,208 4,004,675 0.22 Micron Technology Inc 5.25% 15/1/2024 ‘144A’ 2,000,000 USD 2,000,000 2,067,500 0.11 Micron Technology Inc 5.625% 15/1/2026 ‘144A’ 5,000,000 USD 5,000,000 5,187,500 0.28 Micron Technology Inc 7.5% 15/9/2023 1,236,000 USD 1,236,000 1,375,050 0.07 Mohegan Gaming & Entertainment 7.875% 15/10/2024 ‘144A’ 6,322,000 USD 6,280,196 6,574,880 0.35 MPH Acquisition Holdings LLC 7.125% 1/6/2024 ‘144A’ 1,358,000 USD 1,358,000 1,453,060 0.08 MPLX LP 4% 15/2/2025 876,000 USD 873,597 885,855 0.05 MPLX LP 4.875% 1/12/2024 3,000,000 USD 2,986,627 3,210,000 0.17 MPLX LP 5.5% 15/2/2023 1,143,000 USD 1,136,979 1,178,719 0.06 Nabors Industries Inc 4.625% 15/9/2021 2,035,000 USD 1,777,993 1,933,250 0.10 Nabors Industries Inc 5.5% 15/1/2023 ‘144A’ 9,037,000 USD 8,787,100 8,562,557 0.46 Nature’s Bounty Co/The 7.625% 15/5/2021 ‘144A’ 1,583,000 USD 1,583,000 1,679,959 0.09 Navient Corp 5.5% 15/1/2019 ‘MTN’ 2,000,000 USD 1,993,488 2,084,376 0.11 Navient Corp 5.5% 25/1/2023 5,000,000 USD 4,876,235 5,064,615 0.27 Navient Corp 6.125% 25/3/2024 ‘MTN’ 4,850,000 USD 4,858,543 5,010,705 0.27 Navient Corp 6.5% 15/6/2022 1,895,000 USD 1,894,253 2,013,148 0.11 Navistar International Corp 8.25% 1/11/2021 5,750,000 USD 5,747,416 5,807,500 0.31 NBCUniversal Enterprise Inc 5.25% Perpetual ‘144A’ 5,402,000 USD 5,402,000 5,741,570 0.31 Neiman Marcus Group Ltd LLC 8% 15/10/2021 ‘144A’ 2,250,000 USD 1,220,345 1,243,125 0.07 Netflix Inc 5.375% 1/2/2021 3,000,000 USD 3,075,569 3,251,250 0.17 Netflix Inc 5.75% 1/3/2024 7,685,000 USD 8,247,781 8,395,862 0.45 Newell Brands Inc 5% 15/11/2023 4,175,000 USD 4,230,422 4,467,250 0.24 Nexstar Broadcasting Inc 5.625% 1/8/2024 ‘144A’ 1,440,000 USD 1,440,000 1,456,200 0.08 Nielsen Finance LLC / Nielsen Finance Co 5% 15/4/2022 ‘144A’ 2,625,000 USD 2,638,210 2,716,875 0.15 Olin Corp 5.125% 15/9/2027 3,928,000 USD 3,928,000 4,045,840 0.22 Ortho-Clinical Diagnostics Inc / Ortho-Clinical Diagnostics SA 6.625% 15/5/2022 ‘144A’ 9,000,000 USD 8,468,715 8,583,749 0.46 PaperWorks Industries Inc 9.5% 15/8/2019 ‘144A’ 3,250,000 USD 3,256,706 2,421,250 0.13 Parsley Energy LLC / Parsley Finance Corp 5.25% 15/8/2025 ‘144A’ 1,654,000 USD 1,665,884 1,645,730 0.09 PBF Logistics LP / PBF Logistics Finance Corp 6.875% 15/5/2023 4,828,000 USD 4,828,000 4,948,700 0.27 Penn National Gaming Inc 5.625% 15/1/2027 ‘144A’ 1,483,000 USD 1,483,000 1,503,391 0.08 Performance Food Group Inc 5.5% 1/6/2024 ‘144A’ 550,000 USD 550,000 563,750 0.03 PetSmart Inc 8.875% 1/6/2025 ‘144A’ 6,000,000 USD 5,975,319 5,505,000 0.30 Platform Specialty Products Corp 10.375% 1/5/2021 ‘144A’ 1,410,000 USD 1,410,000 1,558,050 0.08 Post Holdings Inc 5% 15/8/2026 ‘144A’ 8,064,000 USD 7,918,515 8,043,840 0.43 Prestige Brands Inc 5.375% 15/12/2021 ‘144A’ 912,000 USD 912,000 939,360 0.05 Prestige Brands Inc 6.375% 1/3/2024 ‘144A’ 690,000 USD 690,000 736,575 0.04 Prime Security Services Borrower LLC / Prime Finance Inc 9.25% 15/5/2023 ‘144A’ 4,168,000 USD 4,168,000 4,532,700 0.24 Quintiles IMS Inc 5% 15/10/2026 ‘144A’ 1,781,000 USD 1,781,000 1,834,430 0.10 Rackspace Hosting Inc 8.625% 15/11/2024 ‘144A’ 1,794,000 USD 1,794,000 1,906,125 0.10 Radiate Holdco LLC / Radiate Finance Inc 6.625% 15/2/2025 ‘144A’ 1,870,000 USD 1,870,000 1,879,350 0.10 Rain CII Carbon LLC / CII Carbon Corp 7.25% 1/4/2025 ‘144A’ 9,500,000 USD 9,431,593 9,773,124 0.53 Rain CII Carbon LLC / CII Carbon Corp 8.25% 15/1/2021 ‘144A’ 4,051,000 USD 4,103,760 4,202,913 0.23 Regency Energy Partners LP / Regency Energy Finance Corp 5% 1/10/2022 1,325,000 USD 1,329,251 1,419,406 0.08 Regency Energy Partners LP / Regency Energy Finance Corp 5.875% 1/3/2022 5,748,000 USD 5,817,017 6,351,540 0.34 Regions Bank/Birmingham AL 7.5% 15/5/2018 ‘BKNT’ 395,000 USD 406,364 413,667 0.02 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.125% 15/7/2023 ‘144A’ 4,545,000 USD 4,594,829 4,709,756 0.25

213 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.75% 15/10/2020 4,000,000 USD 4,116,487 4,095,000 0.22 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 7% 15/7/2024 ‘144A’ 1,170,000 USD 1,170,000 1,250,438 0.07 RHP Hotel Properties LP / RHP Finance Corp 5% 15/4/2023 4,500,000 USD 4,478,480 4,595,625 0.25 Rice Energy Inc 7.25% 1/5/2023 1,642,000 USD 1,632,933 1,769,255 0.10 Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp 6.125% 15/8/2021 ‘144A’ 1,774,000 USD 1,774,000 1,796,175 0.10 Sabine Pass Liquefaction LLC 5.625% 1/3/2025 4,824,000 USD 4,806,660 5,330,520 0.29 Sabine Pass Liquefaction LLC 5.75% 15/5/2024 1,452,000 USD 1,452,000 1,617,165 0.09 Sabine Pass Liquefaction LLC 5.875% 30/6/2026 1,198,000 USD 1,198,000 1,343,258 0.07 Sally Holdings LLC / Sally Capital Inc 5.625% 1/12/2025 9,000,000 USD 9,122,225 9,179,999 0.49 Sanmina Corp 4.375% 1/6/2019 ‘144A’ 8,397,000 USD 8,397,000 8,606,924 0.46 Scientific Games International Inc 6.625% 15/5/2021 5,250,000 USD 5,230,227 5,223,750 0.28 Scientific Games International Inc 10% 1/12/2022 9,750,000 USD 8,918,343 10,676,249 0.56 Scotts Miracle-Gro Co/The 5.25% 15/12/2026 426,000 USD 426,000 445,170 0.02 Scotts Miracle-Gro Co/The 6% 15/10/2023 2,358,000 USD 2,358,000 2,526,008 0.14 SESI LLC 7.125% 15/12/2021 6,878,000 USD 6,907,692 6,534,100 0.35 Shape Technologies Group Inc 7.625% 1/2/2020 ‘144A’ 2,453,000 USD 2,453,000 2,548,054 0.14 Shingle Springs Tribal Gaming Authority 9.75% 1/9/2021 ‘144A’ 4,700,000 USD 4,700,000 4,964,375 0.27 Signode Industrial Group Lux SA/Signode Industrial Group US Inc 6.375% 1/5/2022 ‘144A’ 3,000,000 USD 3,016,038 3,127,500 0.17 Silgan Holdings Inc 4.75% 15/3/2025 ‘144A’ 5,013,000 USD 5,013,000 5,138,325 0.28 Sinclair Television Group Inc 5.125% 15/2/2027 ‘144A’ 2,800,000 USD 2,800,000 2,716,000 0.15 Sinclair Television Group Inc 5.875% 15/3/2026 ‘144A’ 5,800,000 USD 6,084,718 5,937,750 0.32 Sirius XM Radio Inc 5.375% 15/7/2026 ‘144A’ 4,000,000 USD 4,000,000 4,140,000 0.22 Sirius XM Radio Inc 6% 15/7/2024 ‘144A’ 9,753,000 USD 9,752,999 10,386,944 0.56 Six Flags Entertainment Corp 4.875% 31/7/2024 ‘144A’ 2,528,000 USD 2,503,542 2,540,640 0.14 SM Energy Co 5% 15/1/2024 4,339,000 USD 3,190,910 3,840,015 0.21 SM Energy Co 6.5% 1/1/2023 1,661,000 USD 1,299,980 1,582,103 0.09 SM Energy Co 6.75% 15/9/2026 1,377,000 USD 1,377,000 1,308,150 0.07 Sonic Automotive Inc 5% 15/5/2023 1,208,000 USD 1,208,000 1,150,620 0.06 Spectrum Brands Inc 5.75% 15/7/2025 2,000,000 USD 2,000,000 2,140,000 0.12 Springs Industries Inc 6.25% 1/6/2021 1,976,000 USD 1,976,000 2,035,280 0.11 Sprint Capital Corp 6.875% 15/11/2028 7,000,000 USD 7,264,104 7,770,000 0.42 Sprint Capital Corp 6.9% 1/5/2019 11,668,000 USD 11,901,470 12,484,759 0.66 Sprint Communications Inc 6% 15/11/2022 9,000,000 USD 9,126,205 9,539,999 0.51 Sprint Communications Inc 7% 1/3/2020 ‘144A’ 3,332,000 USD 3,629,328 3,656,870 0.20 Sprint Corp 7.125% 15/6/2024 3,712,000 USD 3,702,808 4,129,600 0.22 SS&C Technologies Holdings Inc 5.875% 15/7/2023 2,601,000 USD 2,601,000 2,770,065 0.15 Standard Industries Inc/NJ 5% 15/2/2027 ‘144A’ 8,333,000 USD 8,333,000 8,468,410 0.46 Summit Midstream Holdings LLC / Summit Midstream Finance Corp 5.75% 15/4/2025 3,715,000 USD 3,715,000 3,742,863 0.20 Sungard Availability Services Capital Inc 8.75% 1/4/2022 ‘144A’ 4,003,000 USD 4,004,908 3,302,475 0.18 Team Health Holdings Inc 6.375% 1/2/2025 ‘144A’ 4,159,000 USD 4,125,887 4,049,826 0.22 TEGNA Inc 4.875% 15/9/2021 ‘144A’ 990,000 USD 981,288 1,017,225 0.05 TEGNA Inc 5.5% 15/9/2024 ‘144A’ 3,000,000 USD 3,054,107 3,090,000 0.17 Tempo Acquisition LLC / Tempo Acquisition Finance Corp 6.75% 1/6/2025 ‘144A’ 2,884,000 USD 2,884,000 2,948,890 0.16 Tempur Sealy International Inc 5.625% 15/10/2023 1,322,000 USD 1,322,000 1,371,575 0.07 Tenet Healthcare Corp 4.375% 1/10/2021 916,000 USD 920,415 929,740 0.05 Tenet Healthcare Corp 6.25% 1/11/2018 1,000,000 USD 1,000,000 1,057,500 0.06 Tenet Healthcare Corp 8% 1/8/2020 2,000,000 USD 2,041,182 2,032,500 0.11 Tenet Healthcare Corp 8.125% 1/4/2022 8,819,000 USD 9,053,734 9,348,139 0.50 Tenneco Inc 5% 15/7/2026 4,809,000 USD 4,809,000 4,845,068 0.26 Tenneco Inc 5.375% 15/12/2024 2,841,000 USD 2,841,000 2,943,986 0.16 Terex Corp 5.625% 1/2/2025 ‘144A’ 3,929,000 USD 3,929,000 4,037,048 0.22 Tesoro Logistics LP / Tesoro Logistics Finance Corp 5.5% 15/10/2019 1,231,000 USD 1,231,000 1,298,705 0.07 Tesoro Logistics LP / Tesoro Logistics Finance Corp 6.125% 15/10/2021 373,000 USD 373,737 387,920 0.02 Tesoro Logistics LP / Tesoro Logistics Finance Corp 6.25% 15/10/2022 4,089,000 USD 4,139,210 4,344,563 0.23 THC Escrow Corp III 5.125% 1/5/2025 ‘144A’ 6,000,000 USD 6,017,225 6,007,500 0.32

214 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

T-Mobile USA Inc 5.125% 15/4/2025 4,000,000 USD 4,000,000 4,180,000 0.22 T-Mobile USA Inc 5.375% 15/4/2027 4,000,000 USD 4,000,000 4,290,000 0.23 T-Mobile USA Inc 6% 1/3/2023 8,556,000 USD 8,612,818 9,058,664 0.49 T-Mobile USA Inc 6.125% 15/1/2022 6,299,000 USD 6,299,000 6,606,076 0.36 Toll Brothers Finance Corp 4.875% 15/3/2027 7,212,000 USD 7,212,000 7,473,435 0.40 United Airlines 2014-1 Class B Pass Through Trust 4.75% 11/4/2022 3,023,467 USD 3,023,467 3,125,509 0.17 United Rentals North America Inc 5.5% 15/5/2027 2,000,000 USD 2,074,525 2,057,500 0.11 United Rentals North America Inc 5.75% 15/11/2024 3,000,000 USD 3,089,667 3,146,250 0.17 United Rentals North America Inc 5.875% 15/9/2026 2,286,000 USD 2,286,000 2,417,445 0.13 Uniti Group Inc / CSL Capital LLC 7.125% 15/12/2024 ‘144A’ 1,400,000 USD 1,400,000 1,380,750 0.07 Uniti Group Inc / CSL Capital LLC 8.25% 15/10/2023 5,000,000 USD 5,029,099 5,150,000 0.28 Uniti Group Inc / Uniti Fiber Holdings Inc / CSL Capital LLC 7.125% 15/12/2024 ‘144A’ 4,615,000 USD 4,637,610 4,551,544 0.24 Univision Communications Inc 5.125% 15/2/2025 ‘144A’ 4,737,000 USD 4,787,494 4,677,788 0.25 Vertiv Intermediate Holding Corp 12% 15/2/2022 ‘144A’ 6,500,000 USD 6,380,136 6,955,000 0.37 Viacom Inc 5.875% FRN 28/2/2057 2,178,000 USD 2,178,000 2,265,120 0.12 Viacom Inc 6.25% FRN 28/2/2057 1,947,000 USD 1,947,000 2,024,880 0.11 ViaSat Inc 6.875% 15/6/2020 4,194,000 USD 4,269,903 4,277,880 0.23 Wave Holdco LLC / Wave Holdco Corp 8.25% 15/7/2019 ‘144A’ 5,582,431 USD 5,568,342 5,638,255 0.30 WellCare Health Plans Inc 5.25% 1/4/2025 7,732,000 USD 7,732,000 8,137,930 0.44 Wells Fargo & Co FRN Perpetual Series K 4,746,000 USD 5,224,328 4,923,975 0.26 Western Digital Corp 7.375% 1/4/2023 ‘144A’ 4,365,000 USD 4,365,000 4,790,588 0.26 Western Digital Corp 10.5% 1/4/2024 7,500,000 USD 7,500,000 8,840,624 0.48 WildHorse Resource Development Corp 6.875% 1/2/2025 ‘144A’ 5,143,000 USD 5,106,127 4,821,563 0.26 Williams Cos Inc/The 4.55% 24/6/2024 3,800,000 USD 3,946,446 3,880,940 0.21 Williams Partners LP / ACMP Finance Corp 4.875% 15/5/2023 558,000 USD 558,000 578,925 0.03 Windstream Services LLC 6.375% 1/8/2023 9,000,000 USD 7,694,621 7,380,000 0.40 Windstream Services LLC 7.75% 15/10/2020 1,000,000 USD 1,019,631 1,006,250 0.05 Wyndham Worldwide Corp 5.1% 1/10/2025 2,780,000 USD 2,779,225 3,000,913 0.16 Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 5.25% 15/5/2027 ‘144A’ 3,843,000 USD 3,843,000 3,919,860 0.21 Zayo Group LLC / Zayo Capital Inc 5.75% 15/1/2027 ‘144A’ 2,812,000 USD 2,887,225 2,945,570 0.16 Zayo Group LLC / Zayo Capital Inc 6% 1/4/2023 4,889,000 USD 4,897,790 5,145,673 0.28 ZF North America Capital Inc 4% 29/4/2020 ‘144A’ 3,000,000 USD 2,990,503 3,105,000 0.17 ZF North America Capital Inc 4.75% 29/4/2025 ‘144A’ 4,827,000 USD 4,647,754 5,074,384 0.27 1,290,830,296 1,321,834,937 71.10

Total Bonds 1,680,075,276 1,721,537,847 92.60

SHARES

Canada Prairie Provident Resources Inc 294,316 CAD – 111,260 0.01

Cayman Islands Vantage Drilling International 19,565 USD 1,697,850 3,198,878 0.17

United States of America Amplify Energy Corp 102,811 USD 1,653,400 1,028,110 0.06 Chaparral Energy Inc 392,241 USD 11,438,063 8,590,078 0.46 Chapparral Energy, Inc Npv 94,864 USD 2,766,311 2,767,183 0.15 NuStar Logistics LP - Pref 549,000 USD 13,725,000 13,936,365 0.75 Titan Energy LLC 81,255 USD 2,350,530 629,726 0.03 31,933,304 26,951,462 1.45

Total Shares 33,631,154 30,261,600 1.63

215 EASTSPRING INVESTMENTS

US HIGH YIELD BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Other Transferable Securities

BONDS

Cayman Islands Offshore Group Invest Escrow 0% 01/4/2023 11,319,000 USD 1,768,309 – –

United States of America Clear Channel Communications, Inc Escrow 12% 1/4/2023 8,933,584 USD 903,578 – – Quebeco Escrow 0% 15/3/2025 6,475,000 USD 704,954 – – Quebecor F Escrow 0% 01/7/2021 12,000,000 USD 2,090,794 – – 3,699,326 – –

Total Bonds 5,467,635 – –

Total Other Transferable Securities 5,467,635 – –

Total Investments 1,786,695,389 1,819,320,771 97.86

Other Net Assets 39,736,311 2.14

Total Net Assets 1,859,057,082 100.00

216 Eastspring Investments – US Investment Grade Bond Fund (“US Investment Grade Bond Fund”)

EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland BNY Mellon U.S. Dollar Liquidity Fund ‘Investor’ 3,054,941 USD 3,054,941 3,054,941 0.63

Total Mutual Funds 3,054,941 3,054,941 0.63

BONDS

Australia Commonwealth Bank of Australia 2% 6/9/2021 ‘144A’ 3,906,000 USD 3,902,905 3,835,661 0.79 Macquarie Bank Ltd 4.875% 10/6/2025 ‘144A’ 865,000 USD 863,176 911,515 0.19 Macquarie Group Ltd 6% 14/1/2020 ‘144A’ 1,025,000 USD 1,025,462 1,111,973 0.23 Origin Energy Finance Ltd 3.5% 9/10/2018 ‘144A’ 1,463,000 USD 1,462,322 1,470,315 0.30 Rio Tinto Finance USA Ltd 7.125% 15/7/2028 600,000 USD 540,170 795,319 0.16 Westpac Banking Corp 1.6% 19/8/2019 3,000,000 USD 2,999,618 2,973,966 0.61 10,793,653 11,098,749 2.28

Bermuda Allied World Assurance Co Holdings Ltd 5.5% 15/11/2020 370,000 USD 369,429 390,390 0.08 Bacardi Ltd 8.2% 1/4/2019 ‘144A’ 500,000 USD 499,971 547,494 0.11 869,400 937,884 0.19

Canada Glencore Finance Canada Ltd 4.25% 25/10/2022 ‘144A’ 2,066,000 USD 1,997,239 2,135,727 0.44 Husky Energy Inc 6.8% 15/9/2037 390,000 USD 389,594 487,998 0.10 Methanex Corp 5.65% 1/12/2044 177,000 USD 175,955 169,256 0.03 Petro-Canada 6.05% 15/5/2018 236,000 USD 235,964 244,628 0.05 Royal Bank of Canada 4.65% 27/1/2026 ‘GMTN’ 625,000 USD 623,855 672,288 0.14 TransCanada PipeLines Ltd 7.25% 15/8/2038 417,000 USD 416,884 583,900 0.12 3,839,491 4,293,797 0.88

Colombia Ecopetrol SA 5.375% 26/6/2026 1,050,000 USD 1,044,238 1,090,688 0.22

France BPCE SA 5.15% 21/7/2024 ‘144A’ 600,000 USD 614,111 642,199 0.13 Credit Agricole SA/London 3.375% 10/1/2022 ‘144A’ 1,000,000 USD 991,493 1,028,186 0.21 1,605,604 1,670,385 0.34

Guernsey Credit Suisse Group Funding Guernsey Ltd 3.8% 9/6/2023 1,206,000 USD 1,203,073 1,229,265 0.25

Ireland GE Capital International Funding Co Unlimited Co 4.418% 15/11/2035 839,000 USD 800,096 905,197 0.19 Perrigo Finance Unlimited Co 3.9% 15/12/2024 1,300,000 USD 1,317,007 1,317,453 0.27 2,117,103 2,222,650 0.46

Italy Eni SpA 5.7% 1/10/2040 ‘144A’ 700,000 USD 696,837 715,763 0.15

Luxembourg Allergan Funding SCS 3.45% 15/3/2022 358,000 USD 357,660 369,492 0.08 Allergan Funding SCS 3.85% 15/6/2024 495,000 USD 492,274 515,380 0.11 Allergan Funding SCS 4.75% 15/3/2045 235,000 USD 234,037 252,167 0.05 Allergan Funding SCS 4.85% 15/6/2044 430,000 USD 407,026 464,566 0.10 Pentair Finance SA 2.65% 1/12/2019 2,432,000 USD 2,430,033 2,434,702 0.50 Prologis International Funding II SA 4.875% 15/2/2020 ‘144A’ 2,963,000 USD 2,955,018 3,070,032 0.62 6,876,048 7,106,339 1.46

217 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Mexico Grupo Bimbo SAB de CV 4.875% 27/6/2044 ‘144A’ 231,000 USD 203,365 230,100 0.05 Grupo Televisa SAB 6.125% 31/1/2046 697,000 USD 694,868 782,558 0.16 Mexico City Airport Trust 5.5% 31/10/2046 ‘144A’ 650,000 USD 662,648 656,865 0.13 Mexico Government International Bond 4.35% 15/1/2047 1,000,000 USD 997,428 937,438 0.19 Petroleos Mexicanos 5.5% 27/6/2044 216,000 USD 219,717 191,274 0.04 Petroleos Mexicanos 6.375% 23/1/2045 1,002,000 USD 995,338 976,481 0.20 Petroleos Mexicanos 6.5% 13/3/2027 ‘144A’ 407,000 USD 403,514 437,080 0.09 Petroleos Mexicanos 6.5% 2/6/2041 675,000 USD 593,401 672,837 0.14 Petroleos Mexicanos 6.75% 21/9/2047 1,180,000 USD 1,160,923 1,197,291 0.25 5,931,202 6,081,924 1.25

Netherlands ABN AMRO Bank NV 2.1% 18/1/2019 ‘144A’ 2,000,000 USD 2,000,104 2,002,398 0.41 ABN AMRO Bank NV 2.45% 4/6/2020 ‘144A’ 746,000 USD 745,321 750,552 0.15 Cooperatieve Rabobank UA 4.625% 1/12/2023 1,500,000 USD 1,560,211 1,614,992 0.33 Deutsche Telekom International Finance BV 2.225% 17/1/2020 ‘144A’ 2,500,000 USD 2,498,733 2,506,917 0.51 ING Bank NV 2.3% 22/3/2019 ‘144A’ 1,500,000 USD 1,499,751 1,507,412 0.31 ING Bank NV 5.8% 25/9/2023 ‘144A’ 1,000,000 USD 1,030,073 1,130,652 0.23 LeasePlan Corp NV 2.875% 22/1/2019 ‘144A’ 3,500,000 USD 3,498,963 3,508,018 0.73 LYB International Finance BV 4.875% 15/3/2044 900,000 USD 900,853 959,932 0.20 LYB International Finance II BV 3.5% 2/3/2027 2,550,000 USD 2,529,682 2,527,687 0.53 Mylan NV 3.95% 15/6/2026 1,790,000 USD 1,771,380 1,813,934 0.37 Shell International Finance BV 4% 10/5/2046 1,300,000 USD 1,302,076 1,278,661 0.26 Siemens Financieringsmaatschappij NV 2.7% 16/3/2022 ‘144A’ 2,250,000 USD 2,245,210 2,282,060 0.47 Teva Pharmaceutical Finance Netherlands III BV 2.8% 21/7/2023 800,000 USD 797,689 779,230 0.16 Teva Pharmaceutical Finance Netherlands III BV 3.15% 1/10/2026 945,000 USD 897,103 897,210 0.18 23,277,149 23,559,655 4.84

Spain Telefonica Emisiones SAU 7.045% 20/6/2036 650,000 USD 693,938 846,056 0.17

Sweden Nordea Bank AB 1.625% 30/9/2019 ‘144A’ 3,500,000 USD 3,493,995 3,469,925 0.71

Switzerland Credit Suisse Group AG 4.282% 9/1/2028 ‘144A’ 1,934,000 USD 1,934,000 1,994,830 0.41 UBS AG/London 2.2% 8/6/2020 ‘144A’ 3,062,000 USD 3,060,030 3,064,428 0.63 UBS Group Funding Switzerland AG 2.65% 1/2/2022 ‘144A’ 2,500,000 USD 2,498,747 2,483,250 0.51 7,492,777 7,542,508 1.55

United Kingdom Barclays Plc 4.375% 12/1/2026 880,000 USD 874,096 911,072 0.19 BP Capital Markets Plc 3.119% 4/5/2026 647,000 USD 647,000 639,836 0.13 BP Capital Markets Plc 3.588% 14/4/2027 1,500,000 USD 1,499,899 1,527,650 0.31 HSBC Holdings Plc FRN 13/3/2028 962,000 USD 962,000 992,848 0.20 HSBC Holdings Plc 4.25% 14/3/2024 1,017,000 USD 1,012,508 1,048,978 0.22 HSBC Holdings Plc 4.375% 23/11/2026 653,000 USD 652,951 674,864 0.14 HSBC Holdings Plc 5.25% 14/3/2044 45,000 USD 44,562 51,077 0.01 Lloyds Banking Group Plc 4.65% 24/3/2026 850,000 USD 846,804 886,840 0.18 PPL WEM Ltd / Western Power Distribution Ltd 5.375% 1/5/2021 ‘144A’ 1,024,000 USD 1,023,902 1,102,522 0.23 Reckitt Benckiser Treasury Services Plc 2.375% 24/6/2022 ‘144A’ 2,000,000 USD 1,998,128 1,982,627 0.41 Reckitt Benckiser Treasury Services Plc 2.75% 26/6/2024 ‘144A’ 1,999,000 USD 1,996,848 1,983,841 0.40 Santander UK Plc 5% 7/11/2023 ‘144A’ 768,000 USD 766,446 822,238 0.17 Sky Plc 3.125% 26/11/2022 ‘144A’ 1,174,000 USD 1,171,247 1,192,783 0.24 Sky Plc 3.75% 16/9/2024 ‘144A’ 985,000 USD 982,303 1,006,846 0.21 Sky Plc 6.1% 15/2/2018 ‘144A’ 325,000 USD 324,978 332,719 0.07 Sky Plc 9.5% 15/11/2018 ‘144A’ 1,775,000 USD 1,825,016 1,945,592 0.40 TechnipFMC Plc 2% 1/10/2017 ‘144A’ 1,026,000 USD 1,025,878 1,025,834 0.21 TechnipFMC Plc 3.45% 1/10/2022 ‘144A’ 518,000 USD 517,769 516,261 0.11 Trinity Acquisition Plc 4.4% 15/3/2026 750,000 USD 747,242 766,600 0.16 18,919,577 19,411,028 3.99 218 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

United States of America 21st Century Fox America Inc 6.65% 15/11/2037 1,046,000 USD 1,047,834 1,381,026 0.28 21st Century Fox America Inc 6.9% 15/8/2039 969,000 USD 986,011 1,281,489 0.26 Abbott Laboratories 3.4% 30/11/2023 3,000,000 USD 2,987,103 3,065,481 0.63 Abbott Laboratories 3.75% 30/11/2026 2,000,000 USD 1,974,147 2,038,258 0.42 Abbott Laboratories 4.9% 30/11/2046 600,000 USD 622,206 661,088 0.14 AbbVie Inc 3.6% 14/5/2025 1,033,000 USD 1,071,779 1,053,614 0.22 AbbVie Inc 4.45% 14/5/2046 650,000 USD 645,798 671,768 0.14 Activision Blizzard Inc 4.5% 15/6/2047 2,000,000 USD 1,971,177 2,013,718 0.41 AIG SunAmerica Global Financing X 6.9% 15/3/2032 ‘144A’ 1,100,000 USD 1,154,015 1,455,504 0.30 Alltel Corp 7.875% 1/7/2032 700,000 USD 723,599 883,201 0.18 Ameren Illinois Co 4.3% 1/7/2044 539,000 USD 536,246 580,690 0.12 American Airlines 2013-2 Class A Pass Through Trust 4.95% 15/1/2023 748,237 USD 748,237 800,613 0.16 American Airlines 2016-2 Class A Pass Through Trust 3.65% 15/6/2028 974,000 USD 974,000 986,175 0.20 American Airlines 2016-2 Class AA Pass Through Trust 3.2% 15/6/2028 1,072,374 USD 1,072,374 1,067,012 0.22 American Express Credit Corp 3.3% 3/5/2027 ‘MTN’ 1,414,000 USD 1,396,963 1,418,207 0.29 American Tower Corp 3.3% 15/2/2021 961,000 USD 959,994 986,348 0.20 American Tower Trust #1 3.07% 15/3/2023 ‘144A’ 1,635,000 USD 1,635,000 1,643,811 0.34 Amgen Inc 4.4% 1/5/2045 1,000,000 USD 1,076,491 1,031,371 0.21 Anadarko Petroleum Corp 6.45% 15/9/2036 600,000 USD 679,828 705,904 0.14 Anheuser-Busch InBev Finance Inc 3.65% 1/2/2026 6,517,000 USD 6,762,840 6,696,243 1.36 Anheuser-Busch InBev Finance Inc 4.9% 1/2/2046 3,299,000 USD 3,553,995 3,706,374 0.76 Anheuser-Busch InBev Worldwide Inc 4.95% 15/1/2042 276,000 USD 274,501 309,897 0.06 Anheuser-Busch InBev Worldwide Inc 8.2% 15/1/2039 650,000 USD 775,023 1,011,353 0.21 Apache Corp 5.1% 1/9/2040 678,000 USD 675,926 711,333 0.15 Appalachian Power Co 7% 1/4/2038 400,000 USD 398,173 558,430 0.11 Apple Inc 3.2% 11/5/2027 1,052,000 USD 1,052,000 1,065,398 0.22 AT&T Inc 4.5% 15/5/2035 1,010,000 USD 1,007,400 994,440 0.20 AT&T Inc 4.5% 9/3/2048 550,000 USD 502,018 517,124 0.11 AT&T Inc 5.15% 15/3/2042 430,000 USD 431,077 439,841 0.09 AT&T Inc 5.25% 1/3/2037 949,000 USD 944,621 1,009,447 0.21 AT&T Inc 5.65% 15/2/2047 1,842,000 USD 1,837,885 2,038,906 0.42 AvalonBay Communities Inc 2.9% 15/10/2026 ‘MTN’ 639,000 USD 637,162 620,746 0.13 Aviation Capital Group Corp 2.875% 20/1/2022 ‘144A’ 1,750,000 USD 1,739,890 1,743,933 0.36 Baltimore Gas & Electric Co 6.35% 1/10/2036 190,000 USD 189,837 249,625 0.05 Bank of America Corp FRN 24/4/2028 5,600,000 USD 5,623,089 5,643,825 1.16 Bank of America Corp FRN 20/1/2028 ‘MTN’ 750,000 USD 750,088 761,694 0.16 Bank of America Corp 3.248% 21/10/2027 ‘MTN’ 750,000 USD 750,000 723,110 0.15 Bank of America Corp 3.3% 11/1/2023 ‘GMTN’ 3,106,000 USD 3,093,200 3,165,057 0.65 Bank of America Corp 3.875% 1/8/2025 ‘MTN’ 1,383,000 USD 1,388,258 1,427,119 0.29 Bank of America Corp 3.95% 21/4/2025 1,897,000 USD 1,893,829 1,921,192 0.39 Bank of America Corp 4% 22/1/2025 ‘MTN’ 1,239,000 USD 1,262,124 1,259,254 0.26 Bank of America Corp 4.1% 24/7/2023 687,000 USD 698,906 727,190 0.15 Bank of America Corp 5.7% 24/1/2022 1,750,000 USD 1,854,710 1,973,818 0.41 Becton Dickinson and Co 3.734% 15/12/2024 1,000,000 USD 1,001,780 1,015,919 0.21 Brooklyn Union Gas Co/The 3.407% 10/3/2026 ‘144A’ 823,000 USD 823,000 835,857 0.17 Bunge Ltd Finance Corp 3.25% 15/8/2026 1,450,000 USD 1,448,771 1,373,585 0.28 Bunge Ltd Finance Corp 8.5% 15/6/2019 615,000 USD 614,996 687,612 0.14 Burlington Northern Santa Fe LLC 3.75% 1/4/2024 1,131,000 USD 1,128,521 1,198,720 0.25 Burlington Northern Santa Fe LLC 4.55% 1/9/2044 500,000 USD 497,495 553,463 0.11 Burlington Northern Santa Fe LLC 5.75% 1/5/2040 877,000 USD 874,748 1,104,111 0.23 Capital One Financial Corp 3.75% 9/3/2027 933,000 USD 918,836 930,787 0.19 Cargill Inc 3.3% 1/3/2022 ‘144A’ 1,000,000 USD 998,308 1,027,812 0.21 CBOE Holdings Inc 1.95% 28/6/2019 3,000,000 USD 2,997,909 2,998,983 0.62 CBS Corp 3.375% 15/2/2028 1,250,000 USD 1,237,847 1,225,499 0.25 Celgene Corp 4.625% 15/5/2044 796,000 USD 793,477 838,597 0.17 Cintas Corp No 2 3.7% 1/4/2027 2,231,000 USD 2,222,694 2,306,749 0.47 Citibank NA 2.1% 12/6/2020 ‘BKNT’ 4,797,000 USD 4,794,980 4,803,552 0.99 Citigroup Inc 2.65% 26/10/2020 1,000,000 USD 999,258 1,009,024 0.21 Citigroup Inc 3.2% 21/10/2026 1,500,000 USD 1,499,177 1,455,347 0.30

219 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Citigroup Inc 4.125% 25/7/2028 4,174,000 USD 4,161,106 4,216,813 0.87 Citigroup Inc 4.45% 29/9/2027 1,500,000 USD 1,503,854 1,560,102 0.32 Citigroup Inc 6.675% 13/9/2043 276,000 USD 276,000 367,401 0.08 Citizens Bank NA/Providence RI 2.2% 26/5/2020 2,000,000 USD 1,998,224 1,995,992 0.41 Cleveland Electric Illuminating Co/The 5.5% 15/8/2024 1,304,000 USD 1,300,691 1,496,058 0.31 Columbia Pipeline Group Inc 4.5% 1/6/2025 329,000 USD 328,604 352,378 0.07 Columbia Pipeline Group Inc 5.8% 1/6/2045 417,000 USD 416,118 496,122 0.10 Columbia Property Trust Operating Partnership LP 3.65% 15/8/2026 1,250,000 USD 1,245,747 1,212,283 0.25 Comcast Cable Communications Holdings Inc 9.455% 15/11/2022 410,000 USD 456,502 549,660 0.11 Comcast Corp 3.375% 15/8/2025 831,000 USD 830,176 852,119 0.17 Comcast Corp 3.4% 15/7/2046 1,089,000 USD 1,068,614 990,068 0.20 Comcast Corp 6.5% 15/11/2035 170,000 USD 169,743 224,694 0.05 Comcast Corp 6.55% 1/7/2039 700,000 USD 697,449 950,982 0.20 Comcast Corp 6.95% 15/8/2037 600,000 USD 580,140 846,324 0.17 Consolidated Edison Co of New York Inc 3.85% 15/6/2046 1,350,000 USD 1,348,162 1,352,962 0.28 Consolidated Edison Co of New York Inc 4.45% 15/3/2044 2,000,000 USD 1,998,504 2,196,382 0.45 Consolidated Edison Co of New York Inc 5.5% 1/12/2039 904,000 USD 901,444 1,108,363 0.23 Continental Airlines 2001-1 Class A-1 Pass Through Trust 6.703% 15/6/2021 73,906 USD 73,618 79,542 0.02 Continental Airlines 2012-1 Class A Pass Through Trust 4.15% 11/4/2024 2,076,078 USD 2,073,000 2,192,858 0.45 Continental Airlines 2012-2 Class A Pass Through Trust 4% 29/10/2024 874,945 USD 874,945 918,692 0.19 Corning Inc 5.75% 15/8/2040 518,000 USD 515,285 604,050 0.12 Costco Wholesale Corp 2.75% 18/5/2024 2,000,000 USD 1,992,081 1,995,120 0.41 Cox Communications Inc 4.7% 15/12/2042 ‘144A’ 500,000 USD 499,921 455,268 0.09 Crown Castle International Corp 2.25% 1/9/2021 803,000 USD 802,813 790,746 0.16 Crown Castle International Corp 3.4% 15/2/2021 274,000 USD 279,459 281,689 0.06 Crown Castle International Corp 3.7% 15/6/2026 1,136,000 USD 1,109,349 1,142,524 0.23 CSX Corp 5.5% 15/4/2041 800,000 USD 793,447 963,917 0.20 CVS Health Corp 2.875% 1/6/2026 1,700,000 USD 1,686,995 1,648,592 0.34 CVS Pass-Through Trust 7.507% 10/1/2032 ‘144A’ 1,491,704 USD 1,491,703 1,849,137 0.38 Daimler Finance North America LLC 2.25% 2/3/2020 ‘144A’ 3,000,000 USD 2,996,325 3,006,738 0.62 Daimler Finance North America LLC 3.875% 15/9/2021 ‘144A’ 568,000 USD 565,699 597,167 0.12 Dell International LLC / EMC Corp 5.45% 15/6/2023 ‘144A’ 1,250,000 USD 1,362,339 1,359,068 0.28 Dell International LLC / EMC Corp 6.02% 15/6/2026 ‘144A’ 975,000 USD 1,017,472 1,075,230 0.22 Dell International LLC / EMC Corp 8.35% 15/7/2046 ‘144A’ 609,000 USD 608,530 784,674 0.16 Delta Air Lines 2009-1 Class A Pass Through Trust 7.75% 17/12/2019 283,212 USD 283,212 311,534 0.06 Discover Bank 2.6% 13/11/2018 1,000,000 USD 999,739 1,007,074 0.21 Discovery Communications LLC 4.875% 1/4/2043 500,000 USD 458,165 466,495 0.10 Dominion Energy Inc 2% 15/8/2021 1,765,000 USD 1,762,928 1,729,778 0.36 Dow Chemical Co/The 8.55% 15/5/2019 1,197,000 USD 1,227,995 1,342,324 0.28 Dow Chemical Co/The 9.4% 15/5/2039 486,000 USD 542,424 815,060 0.17 Dr Pepper Snapple Group Inc 3.13% 15/12/2023 942,000 USD 941,671 957,579 0.20 Dr Pepper Snapple Group Inc 3.43% 15/6/2027 ‘144A’ 2,500,000 USD 2,534,473 2,527,675 0.52 Dr Pepper Snapple Group Inc 4.42% 15/12/2046 906,000 USD 905,262 937,880 0.19 Duke Energy Progress LLC 4.375% 30/3/2044 750,000 USD 749,864 810,441 0.17 Duke Realty LP 3.875% 15/2/2021 1,500,000 USD 1,498,093 1,561,910 0.32 Dun & Bradstreet Corp/The 4.25% 15/6/2020 1,577,000 USD 1,573,373 1,616,559 0.33 EI du Pont de Nemours & Co FRN 1/5/2020 1,388,000 USD 1,388,000 1,396,389 0.29 Enbridge Energy Partners LP 7.5% 15/4/2038 518,000 USD 561,011 654,613 0.13 Energy Transfer LP 4.75% 15/1/2026 679,000 USD 675,023 707,549 0.15 Energy Transfer LP 5.15% 15/3/2045 2,408,000 USD 2,355,657 2,339,574 0.48 Entergy Louisiana LLC 3.12% 1/9/2027 1,875,000 USD 1,874,092 1,867,091 0.38 Enterprise Products Operating LLC 4.85% 15/3/2044 373,000 USD 375,828 393,904 0.08 Enterprise Products Operating LLC 4.95% 15/10/2054 314,000 USD 309,190 328,448 0.07 Enterprise Products Operating LLC 5.2% 1/9/2020 866,000 USD 865,205 940,992 0.19 Enterprise Products Operating LLC 6.125% 15/10/2039 1,034,000 USD 1,029,292 1,251,044 0.26 Enterprise Products Operating LLC 7.55% 15/4/2038 875,000 USD 1,010,493 1,193,730 0.25 Equity Commonwealth 5.875% 15/9/2020 938,000 USD 931,531 1,003,590 0.21 ERAC USA Finance LLC 4.5% 15/2/2045 ‘144A’ 136,000 USD 134,557 134,398 0.03 Everest Reinsurance Holdings Inc 4.868% 1/6/2044 545,000 USD 545,000 560,793 0.12 Exelon Corp 3.497% 1/6/2022 667,000 USD 668,923 682,508 0.14

220 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Exelon Generation Co LLC 2.95% 15/1/2020 512,000 USD 511,949 520,409 0.11 Express Scripts Holding Co 4.5% 25/2/2026 1,400,000 USD 1,407,974 1,482,200 0.30 Express Scripts Holding Co 4.8% 15/7/2046 986,000 USD 984,332 1,005,098 0.21 Five Corners Funding Trust 4.419% 15/11/2023 ‘144A’ 2,579,000 USD 2,577,617 2,771,236 0.57 FMR LLC 6.45% 15/11/2039 ‘144A’ 462,000 USD 461,222 607,246 0.12 Ford Motor Co 5.291% 8/12/2046 400,000 USD 401,377 408,036 0.08 Ford Motor Credit Co LLC 4.134% 4/8/2025 1,450,000 USD 1,450,233 1,469,363 0.30 Ford Motor Credit Co LLC 4.375% 6/8/2023 2,000,000 USD 2,017,544 2,093,522 0.43 Fortive Corp 2.35% 15/6/2021 1,045,000 USD 1,044,810 1,039,920 0.21 FPL Energy National Wind LLC 5.608% 10/3/2024 ‘144A’ 62,874 USD 63,128 62,874 0.01 General Electric Co FRN Perpetual 2,822,000 USD 2,610,037 2,994,198 0.61 General Electric Co 6.75% 15/3/2032 ‘MTNA’ 244,000 USD 289,494 334,671 0.07 General Motors Financial Co Inc 3.7% 9/5/2023 800,000 USD 805,401 812,294 0.17 General Motors Financial Co Inc 3.95% 13/4/2024 3,650,000 USD 3,649,416 3,686,146 0.76 Georgia Power Co 4.3% 15/3/2042 1,653,000 USD 1,669,529 1,707,268 0.35 Gilead Sciences Inc 2.5% 1/9/2023 1,202,000 USD 1,198,225 1,183,601 0.24 Gilead Sciences Inc 4.5% 1/2/2045 554,000 USD 583,488 580,024 0.12 Gilead Sciences Inc 4.8% 1/4/2044 671,000 USD 669,843 735,239 0.15 Glencore Funding LLC 4% 27/3/2027 ‘144A’ 3,000,000 USD 2,964,783 2,956,113 0.61 Goldman Sachs Group Inc/The FRN 5/6/2028 3,000,000 USD 3,000,000 3,005,535 0.62 Goldman Sachs Group Inc/The 3% 26/4/2022 4,595,000 USD 4,578,765 4,618,631 0.95 Goldman Sachs Group Inc/The 3.5% 16/11/2026 3,135,000 USD 3,087,970 3,110,422 0.64 Goldman Sachs Group Inc/The 4% 3/3/2024 1,091,000 USD 1,088,803 1,140,997 0.23 Goldman Sachs Group Inc/The 4.25% 21/10/2025 452,000 USD 449,268 465,712 0.10 Goldman Sachs Group Inc/The 5.75% 24/1/2022 4,131,000 USD 4,220,718 4,639,885 0.95 Goldman Sachs Group Inc/The 6.75% 1/10/2037 935,000 USD 908,437 1,211,371 0.25 Guardian Life Global Funding 2% 26/4/2021 ‘144A’ 1,375,000 USD 1,373,617 1,354,253 0.28 Guardian Life Insurance Co of America/The 7.375% 30/9/2039 ‘144A’ 704,000 USD 698,660 1,000,681 0.21 Halliburton Co 5% 15/11/2045 500,000 USD 537,286 530,059 0.11 Hewlett Packard Enterprise Co 6.2% 15/10/2035 345,000 USD 344,817 372,573 0.08 Hewlett Packard Enterprise Co 6.35% 15/10/2045 250,000 USD 249,841 263,318 0.05 HollyFrontier Corp 5.875% 1/4/2026 771,000 USD 771,706 818,267 0.17 Hospitality Properties Trust 4.5% 15/3/2025 1,335,000 USD 1,323,056 1,370,384 0.28 Host Hotels & Resorts LP 4.5% 1/2/2026 391,000 USD 389,958 410,003 0.08 HSBC Finance Corp 6.676% 15/1/2021 630,000 USD 623,564 710,130 0.15 Humana Inc 4.625% 1/12/2042 444,000 USD 443,766 474,200 0.10 Huntington Bancshares Inc/OH 2.3% 14/1/2022 1,500,000 USD 1,498,110 1,476,246 0.30 IDEX Corp 4.2% 15/12/2021 750,000 USD 749,161 779,960 0.16 Ingredion Inc 3.2% 1/10/2026 602,000 USD 601,761 593,727 0.12 International Paper Co 7.3% 15/11/2039 889,000 USD 918,736 1,210,115 0.25 ITC Holdings Corp 3.25% 30/6/2026 789,000 USD 788,041 779,058 0.16 Janus Capital Group Inc 4.875% 1/8/2025 530,000 USD 525,823 570,691 0.12 Jersey Central Power & Light Co 6.4% 15/5/2036 370,000 USD 368,587 431,454 0.09 JPMorgan Chase & Co FRN 1/3/2025 7,129,000 USD 7,149,337 7,129,056 1.45 JPMorgan Chase & Co FRN 1/2/2028 1,671,000 USD 1,671,000 1,708,064 0.35 JPMorgan Chase & Co 2.95% 1/10/2026 1,300,000 USD 1,297,455 1,256,029 0.26 JPMorgan Chase & Co 2.972% 15/1/2023 2,100,000 USD 2,090,010 2,122,220 0.44 JPMorgan Chase & Co 3.875% 1/2/2024 2,000,000 USD 1,991,566 2,094,000 0.43 JPMorgan Chase & Co 4.25% 1/10/2027 1,550,000 USD 1,545,438 1,614,096 0.33 Kansas City Power & Light Co 4.2% 15/6/2047 1,000,000 USD 997,294 1,005,547 0.21 Kansas City Power & Light Co 6.375% 1/3/2018 667,000 USD 667,000 685,641 0.14 Kilroy Realty LP 4.375% 1/10/2025 542,000 USD 539,527 568,175 0.12 Kinder Morgan Energy Partners LP 3.5% 1/9/2023 832,000 USD 830,682 840,523 0.17 Kinder Morgan Energy Partners LP 5% 15/8/2042 521,000 USD 516,358 509,508 0.10 Kinder Morgan Energy Partners LP 6.55% 15/9/2040 650,000 USD 648,824 739,947 0.15 Kinder Morgan Energy Partners LP 7.75% 15/3/2032 300,000 USD 278,593 380,061 0.08 Kinder Morgan Inc/DE 5.55% 1/6/2045 700,000 USD 726,196 740,392 0.15 KKR Group Finance Co III LLC 5.125% 1/6/2044 ‘144A’ 634,000 USD 640,203 668,277 0.14 Kohl’s Corp 5.55% 17/7/2045 400,000 USD 388,858 363,794 0.07 Kraft Heinz Foods Co 4.375% 1/6/2046 2,008,000 USD 2,001,893 1,951,660 0.40 Kraft Heinz Foods Co 5% 15/7/2035 507,000 USD 502,662 546,537 0.11 Kraft Heinz Foods Co 5.2% 15/7/2045 1,000,000 USD 1,049,218 1,082,801 0.22 Kroger Co/The 7.5% 1/4/2031 140,000 USD 143,374 186,285 0.04

221 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

LafargeHolcim Finance US LLC 4.75% 22/9/2046 ‘144A’ 503,000 USD 492,798 530,665 0.11 Liberty Mutual Group Inc 4.85% 1/8/2044 ‘144A’ 1,770,000 USD 1,768,723 1,893,488 0.39 Lincoln National Corp 7% 15/6/2040 646,000 USD 657,541 867,958 0.18 Lowe’s Cos Inc 3.1% 3/5/2027 3,460,000 USD 3,454,775 3,451,475 0.71 Marathon Petroleum Corp 6.5% 1/3/2041 631,000 USD 626,807 727,925 0.15 Markel Corp 5% 5/4/2046 624,000 USD 631,261 675,348 0.14 Massachusetts Mutual Life Insurance Co 8.875% 1/6/2039 ‘144A’ 102,000 USD 101,040 165,621 0.03 Maxim Integrated Products Inc 3.375% 15/3/2023 1,072,000 USD 1,065,149 1,091,620 0.22 Medtronic Inc 4.625% 15/3/2045 457,000 USD 455,879 514,678 0.11 MetLife Capital Trust IV 7.875% 15/12/2037 ‘144A’ 1,100,000 USD 1,070,320 1,479,500 0.30 MetLife Inc 9.25% 8/4/2038 ‘144A’ 300,000 USD 300,000 444,750 0.09 Morgan Stanley FRN 20/1/2022 600,000 USD 606,237 604,672 0.12 Morgan Stanley 2.5% 21/4/2021 ‘GMTN’ 949,000 USD 946,574 945,438 0.19 Morgan Stanley 2.75% 19/5/2022 7,000,000 USD 7,003,183 6,995,421 1.43 Morgan Stanley 3.625% 20/1/2027 4,331,000 USD 4,290,008 4,350,412 0.89 Morgan Stanley 4% 23/7/2025 ‘GMTN’ 1,640,000 USD 1,669,686 1,707,689 0.35 Morgan Stanley 4.35% 8/9/2026 ‘GMTN’ 1,619,000 USD 1,668,840 1,682,379 0.35 Morgan Stanley 5.5% 26/1/2020 ‘GMTN’ 550,000 USD 544,844 593,801 0.12 Morgan Stanley 5.5% 24/7/2020 ‘GMTN’ 2,350,000 USD 2,400,006 2,563,425 0.53 Morgan Stanley 5.625% 23/9/2019 ‘MTN’ 1,000,000 USD 1,000,240 1,073,502 0.22 MPLX LP 4% 15/2/2025 233,000 USD 232,362 235,621 0.05 MPLX LP 4.125% 1/3/2027 500,000 USD 485,951 505,000 0.10 MPLX LP 4.875% 1/12/2024 650,000 USD 679,618 695,500 0.14 MPLX LP 4.875% 1/6/2025 300,000 USD 238,826 319,500 0.07 MPLX LP 5.2% 1/3/2047 1,037,000 USD 1,046,570 1,066,814 0.22 Mylan Inc 3.125% 15/1/2023 ‘144A’ 1,064,000 USD 1,059,577 1,061,477 0.22 Nationwide Mutual Insurance Co 9.375% 15/8/2039 ‘144A’ 745,000 USD 744,982 1,235,733 0.25 NBCUniversal Enterprise Inc 5.25% Perpetual ‘144A’ 2,065,000 USD 2,065,000 2,194,806 0.45 New York Life Global Funding 2.3% 10/6/2022 ‘144A’ 2,791,000 USD 2,785,574 2,779,546 0.57 Newell Brands Inc 5.5% 1/4/2046 780,000 USD 777,282 932,460 0.19 Noble Energy Inc 6% 1/3/2041 362,000 USD 342,071 402,855 0.08 Oglethorpe Power Corp 5.375% 1/11/2040 902,000 USD 900,251 1,032,818 0.21 Oglethorpe Power Corp 5.95% 1/11/2039 980,000 USD 980,000 1,156,301 0.24 Omnicom Group Inc 3.6% 15/4/2026 1,535,000 USD 1,533,751 1,545,412 0.32 Omnicom Group Inc 4.45% 15/8/2020 548,000 USD 547,411 582,815 0.12 Oncor Electric Delivery Co LLC 5.25% 30/9/2040 737,000 USD 732,798 880,841 0.18 Pacific Gas & Electric Co 5.4% 15/1/2040 932,000 USD 922,105 1,142,302 0.23 Penske Truck Leasing Co Lp / PTL Finance Corp 4.2% 1/4/2027 ‘144A’ 1,307,000 USD 1,305,237 1,352,476 0.28 Penske Truck Leasing Co Lp / PTL Finance Corp 4.875% 11/7/2022 ‘144A’ 1,314,000 USD 1,314,658 1,436,211 0.29 Phillips 66 FRN 15/4/2020 ‘144A’ 709,000 USD 709,000 710,517 0.15 PNC Financial Services Group Inc/The FRN Perpetual Series R 581,000 USD 581,000 591,894 0.12 Pricoa Global Funding I 2.55% 24/11/2020 ‘144A’ 1,391,000 USD 1,391,000 1,402,149 0.29 Protective Life Global Funding 2.262% 8/4/2020 ‘144A’ 1,389,000 USD 1,389,000 1,386,030 0.28 Puget Sound Energy Inc 5.757% 1/10/2039 664,000 USD 664,000 841,882 0.17 Rayonier Inc 3.75% 1/4/2022 741,000 USD 740,234 748,991 0.15 Realty Income Corp 2% 31/1/2018 2,000,000 USD 1,999,801 2,001,140 0.41 Regency Centers LP 3.6% 1/2/2027 1,050,000 USD 1,053,977 1,047,535 0.22 Reliance Holding USA Inc 6.25% 19/10/2040 ‘144A’ 686,000 USD 680,799 840,238 0.17 Reliance Standard Life Global Funding II 3.05% 20/1/2021 ‘144A’ 614,000 USD 613,500 620,022 0.13 Republic Services Inc 5.25% 15/11/2021 1,250,000 USD 1,249,976 1,388,776 0.29 Reynolds American Inc 4.45% 12/6/2025 1,250,000 USD 1,313,430 1,339,759 0.28 Sabine Pass Liquefaction LLC 5.625% 15/4/2023 4,600,000 USD 5,123,092 5,117,499 1.05 SBA Tower Trust 2.898% 15/10/2019 ‘144A’ 2,000,000 USD 2,000,000 2,011,022 0.41 SC Johnson & Son Inc 4.75% 15/10/2046 ‘144A’ 649,000 USD 647,816 743,851 0.15 SES GLOBAL Americas Holdings GP 5.3% 25/3/2044 ‘144A’ 1,448,000 USD 1,414,939 1,300,336 0.27 Simon Property Group LP 2.625% 15/6/2022 2,722,000 USD 2,719,600 2,732,812 0.56 Simon Property Group LP 3.375% 15/6/2027 1,762,000 USD 1,751,258 1,752,512 0.36 South Carolina Electric & Gas Co 4.1% 15/6/2046 500,000 USD 499,006 494,364 0.10 Southern California Edison Co 1.845% 1/2/2022 1,202,857 USD 1,202,857 1,189,105 0.24

222 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Southern California Edison Co 4% 1/4/2047 1,350,000 USD 1,349,064 1,400,907 0.29 Southern Co Gas Capital Corp 5.25% 15/8/2019 692,000 USD 691,681 735,833 0.15 Southwestern Electric Power Co 6.2% 15/3/2040 245,000 USD 244,924 314,641 0.06 Southwestern Public Service Co 3.4% 15/8/2046 2,000,000 USD 1,996,721 1,864,050 0.38 SunTrust Bank/Atlanta GA 2.75% 1/5/2023 ‘BKNT’ 1,150,000 USD 1,147,672 1,147,885 0.24 Time Warner Cable LLC 5.875% 15/11/2040 553,000 USD 552,216 620,246 0.13 Time Warner Inc 7.7% 1/5/2032 820,000 USD 845,596 1,146,594 0.24 Tyson Foods Inc 5.15% 15/8/2044 641,000 USD 638,712 719,140 0.15 Union Electric Co 5.3% 1/8/2037 420,000 USD 419,107 502,795 0.10 Union Pacific Corp 4% 15/4/2047 1,800,000 USD 1,775,993 1,841,924 0.38 United States Treasury Note/Bond 2.5% 15/2/2045 5,125,000 USD 4,795,120 4,787,871 0.99 United Technologies Corp 3.75% 1/11/2046 1,000,000 USD 994,417 977,780 0.20 US Bancorp 3.15% 27/4/2027 1,000,000 USD 999,411 1,000,894 0.21 Valero Energy Corp 10.5% 15/3/2039 1,060,000 USD 1,169,563 1,715,506 0.35 Ventas Realty LP / Ventas Capital Corp 4% 30/4/2019 1,061,000 USD 1,059,592 1,090,750 0.22 Verisk Analytics Inc 5.5% 15/6/2045 662,000 USD 659,890 736,449 0.15 Verizon Communications Inc 4.125% 15/8/2046 2,092,000 USD 2,090,926 1,869,495 0.38 Verizon Communications Inc 4.4% 1/11/2034 2,000,000 USD 1,987,462 1,983,782 0.41 Verizon Communications Inc 4.672% 15/3/2055 452,000 USD 441,999 424,943 0.09 Verizon Communications Inc 5.012% 21/8/2054 500,000 USD 499,915 495,368 0.10 Virginia Electric & Power Co 8.875% 15/11/2038 170,000 USD 169,992 286,247 0.06 Visa Inc 4.3% 14/12/2045 844,000 USD 842,664 923,599 0.19 WEA Finance LLC / Westfield UK & Europe Finance Plc 3.25% 5/10/2020 ‘144A’ 700,000 USD 698,437 712,267 0.15 Wells Fargo & Co FRN 11/2/2022 4,000,000 USD 4,000,000 4,020,796 0.83 Wells Fargo & Co FRN 22/5/2028 ‘MTN’ 3,732,000 USD 3,746,903 3,764,502 0.77 Wells Fargo & Co 4.1% 3/6/2026 ‘MTN’ 2,744,000 USD 2,831,719 2,833,103 0.58 Wells Fargo & Co 4.3% 22/7/2027 ‘GMTN’ 805,000 USD 856,958 844,580 0.17 Willis North America Inc 3.6% 15/5/2024 503,000 USD 502,576 508,663 0.10 Wyndham Worldwide Corp 5.1% 1/10/2025 1,807,000 USD 1,879,280 1,950,593 0.40 345,093,282 360,798,526 74.07

Total Bonds 433,947,367 452,075,142 92.81

SECURITISED ASSETS

United States of America Ascentium Equipment Receivables 2015-1 LLC 2.26% 10/6/2021 ‘144A’ 740,892 USD 735,740 739,771 0.15 Ascentium Equipment Receivables 2016-1 Trust 1.75% 13/11/2018 ‘144A’ 249,554 USD 249,548 249,757 0.05 Ascentium Equipment Receivables 2016-1 Trust 1.92% 10/12/2019 ‘144A’ 237,000 USD 236,980 237,004 0.05 Ascentium Equipment Receivables 2017-1 Trust 1.87% 10/7/2019 ‘144A’ 324,000 USD 323,985 324,070 0.07 Ascentium Equipment Receivables 2017-1 Trust 2.29% 10/6/2021 ‘144A’ 419,000 USD 418,978 419,564 0.09 BAMLL Commercial Mortgage Securities Trust 2015-200P 3.49% 14/4/2033 ‘144A’ 3,000,000 USD 3,089,830 3,059,520 0.62 BANK 2017-BNK5 3.624% 15/6/2060 ‘2017 BNK5 AS’ 883,000 USD 909,460 909,460 0.19 CarMax Auto Owner Trust 2016-2 1.52% 16/2/2021 ‘2016 2 A3’ 1,520,000 USD 1,519,917 1,517,711 0.31 Chrysler Capital Auto Receivables Trust 2015-B 1.91% 16/3/2020 ‘144A’ 2,142,434 USD 2,142,148 2,146,051 0.43 Citigroup Commercial Mortgage Trust 2016-C2 2.832% 10/8/2049 ‘2016 C2 A4’ 500,000 USD 514,972 489,789 0.10 Dell Equipment Finance Trust 2015-1 1.3% 23/3/2020 ‘144A’ 36,096 USD 36,093 36,094 0.01 Dell Equipment Finance Trust 2015-1 1.81% 23/3/2020 ‘144A’ 877,000 USD 876,896 877,517 0.18 Dell Equipment Finance Trust 2017-1 2.14% 22/4/2022 ‘144A’ 642,000 USD 641,969 643,316 0.13 GM Financial Automobile Leasing Trust 2016-2 1.62% 20/9/2019 ‘2016 2 A3’ 1,169,000 USD 1,168,885 1,168,491 0.24 GM Financial Automobile Leasing Trust 2017-1 2.06% 20/5/2020 ‘2017 1 A3’ 1,289,000 USD 1,288,941 1,295,066 0.27

223 EASTSPRING INVESTMENTS

US INVESTMENT GRADE BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

GM Financial Automobile Leasing Trust 2017-2 1.72% 21/1/2020 ‘2017 2 A2A’ 3,000,000 USD 2,999,692 2,998,775 0.61 GreatAmerica Leasing Receivables Funding LLC S eries 2017-1 1.72% 22/4/2019 ‘144A’ 395,000 USD 394,957 394,815 0.08 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 2.06% 22/6/2020 ‘144A’ 418,000 USD 417,999 418,667 0.09 Hilton Grand Vacations Trust 2017-A 2.66% 26/12/2028 ‘144A’ 976,254 USD 976,118 977,487 0.20 Hudson Yards 2016-10HY Mortgage Trust 2.835% 10/8/2038 ‘144A’ 1,350,000 USD 1,388,766 1,321,416 0.27 JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 3.372% 15/12/2047 ‘2013 C10 AS’ 2,000,000 USD 2,076,328 2,041,560 0.42 Leaf Receivables Funding 12 LLC 1.72% 15/5/2019 ‘144A’ 537,000 USD 536,952 536,536 0.11 Leaf Receivables Funding 12 LLC 2.07% 15/8/2020 ‘144A’ 294,000 USD 293,936 293,647 0.06 Marriott Vacation Club Owner Trust 2012-1 2.51% 20/5/2030 ‘144A’ 476,934 USD 476,868 478,263 0.10 Verizon Owner Trust 2017-2 1.92% 20/12/2021 ‘144A’ 3,779,000 USD 3,778,421 3,778,421 0.78 Wells Fargo Commercial Mortgage Trust 2015-NXS4 3.452% 15/12/2048 ‘2015 NXS4 A3’ 2,000,000 USD 2,119,375 2,055,600 0.42 Wells Fargo Commercial Mortgage Trust 2017-C38 3.453% 15/7/2050 ‘2017 C38 A5’ 1,659,000 USD 1,708,634 1,701,338 0.35 Westlake Automobile Receivables Trust 2016-1 FRN 15/1/2019 ‘144A’ 131,415 USD 131,693 131,519 0.03 31,454,081 31,241,225 6.41

Total Securitised Assets 31,454,081 31,241,225 6.41

Total Investments 468,456,389 486,371,308 99.85

Other Net Assets 709,216 0.15

Total Net Assets 487,080,524 100.00

224 Eastspring Investments – US Strategic Income Bond Fund(*) (“US Strategic Income Bond Fund”)

EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

United States of America Invesco Senior Income Trust 37,591 USD 150,087 170,287 0.31 Voya Prime Rate Trust 11,000 USD 50,600 58,520 0.11 200,687 228,807 0.42

Total Mutual Funds 200,687 228,807 0.42

BONDS

Australia FMG Resources August 2006 Pty Ltd 4.75% 15/5/2022 ‘144A’ 101,000 USD 101,158 102,186 0.18 FMG Resources August 2006 Pty Ltd 9.75% 1/3/2022 ‘144A’ 75,000 USD 78,655 85,781 0.16 179,813 187,967 0.34

Austria JBS Investments GmbH 7.25% 3/4/2024 ‘144A’ 200,000 USD 208,049 178,500 0.33

Bermuda Aircastle Ltd 4.125% 1/5/2024 81,000 USD 81,000 82,418 0.15 Aircastle Ltd 5% 1/4/2023 75,000 USD 77,461 80,156 0.15 Aircastle Ltd 6.25% 1/12/2019 75,000 USD 80,541 81,656 0.15 Enstar Group Ltd 4.5% 10/3/2022 112,000 USD 112,000 115,500 0.21 Weatherford International Ltd 9.875% 15/2/2024 ‘144A’ 51,000 USD 51,000 53,040 0.10 402,002 412,770 0.76

Canada Barrick Gold Corp 4.1% 1/5/2023 30,000 USD 29,417 32,498 0.06 Bombardier Inc 4.75% 15/4/2019 ‘144A’ 95,000 USD 93,756 96,663 0.18 Bombardier Inc 6.125% 15/1/2023 ‘144A’ 86,000 USD 80,106 86,215 0.16 Bombardier Inc 7.5% 15/3/2025 ‘144A’ 107,000 USD 94,253 111,013 0.20 Bombardier Inc 8.75% 1/12/2021 ‘144A’ 60,000 USD 59,474 66,675 0.12 Canadian Imperial Bank of Commerce 2.55% 16/6/2022 250,000 USD 249,769 249,920 0.45 MEG Energy Corp 6.5% 15/1/2025 ‘144A’ 32,000 USD 32,000 28,880 0.05 Methanex Corp 5.65% 1/12/2044 52,000 USD 51,167 49,725 0.09 Precision Drilling Corp 7.75% 15/12/2023 ‘144A’ 38,000 USD 38,000 37,810 0.07 Teck Resources Ltd 3.75% 1/2/2023 85,000 USD 77,288 82,450 0.15 Telesat Canada / Telesat LLC 8.875% 15/11/2024 ‘144A’ 116,000 USD 116,000 130,210 0.24 Trinidad Drilling Ltd 6.625% 15/2/2025 ‘144A’ 32,000 USD 32,000 30,320 0.06 Valeant Pharmaceuticals International Inc 5.875% 15/5/2023 ‘144A’ 140,000 USD 141,882 120,050 0.22 Valeant Pharmaceuticals International Inc 6.5% 15/3/2022 ‘144A’ 19,000 USD 19,000 19,950 0.04 Valeant Pharmaceuticals International Inc 7% 15/3/2024 ‘144A’ 58,000 USD 58,000 61,335 0.11 1,172,112 1,203,714 2.20

Cayman Islands Transocean Inc 9% 15/7/2023 ‘144A’ 175,000 USD 171,230 182,000 0.34 Transocean Proteus Ltd 6.25% 1/12/2024 ‘144A’ 146,300 USD 144,106 149,226 0.27 315,336 331,226 0.61

France SFR Group SA 5.375% 15/5/2022 ‘144A’ 170,000 EUR 194,305 202,479 0.37 SFR Group SA 7.375% 1/5/2026 ‘144A’ 200,000 USD 200,000 215,250 0.39 394,305 417,729 0.76

Guernsey Credit Suisse Group Funding Guernsey Ltd 4.55% 17/4/2026 250,000 USD 249,948 265,718 0.49

225 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

International New Cotai LLC / New Cotai Capital Corp 10.625% 1/5/2019 ‘144A’ 171,955 USD 115,464 151,320 0.28

Ireland AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.625% 30/10/2020 131,000 USD 131,000 139,351 0.26 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 15/2/2025 ‘144A’ 200,000 USD 200,000 209,500 0.38 Perrigo Finance Unlimited Co 4.375% 15/3/2026 100,000 USD 104,039 103,089 0.19 435,039 451,940 0.83

Italy Enel SpA FRN 24/9/2073 ‘144A’ 200,000 USD 232,329 237,500 0.43

Luxembourg Allergan Funding SCS 3.85% 15/6/2024 90,000 USD 89,039 93,705 0.17 Allergan Funding SCS 4.75% 15/3/2045 41,000 USD 39,877 43,995 0.08 Prologis International Funding II SA 4.875% 15/2/2020 ‘144A’ 200,000 USD 207,541 207,225 0.39 Wind Acquisition Finance SA 4% 15/7/2020 ‘144A’ 125,000 EUR 140,640 144,416 0.26 477,097 489,341 0.90

Mexico Petroleos Mexicanos 5.375% 13/3/2022 ‘144A’ 175,000 USD 174,133 184,820 0.34 Petroleos Mexicanos 6.5% 13/3/2027 ‘144A’ 70,000 USD 69,401 75,173 0.14 243,534 259,993 0.48

Netherlands CNH Industrial NV 4.5% 15/8/2023 100,000 USD 100,000 106,000 0.19 EDP Finance BV 3.625% 15/7/2024 ‘144A’ 200,000 USD 199,163 198,605 0.36 NXP BV / NXP Funding LLC 4.125% 1/6/2021 ‘144A’ 200,000 USD 200,000 210,250 0.39 Petrobras Global Finance BV 6.125% 17/1/2022 87,000 USD 87,000 89,610 0.16 Petrobras Global Finance BV 7.375% 17/1/2027 75,000 USD 75,000 79,031 0.14 Shell International Finance BV 4% 10/5/2046 130,000 USD 127,747 127,866 0.23 Siemens Financieringsmaatschappij NV 2.35% 15/10/2026 ‘144A’ 250,000 USD 249,339 235,097 0.44 Teva Pharmaceutical Finance Netherlands III BV 4.1% 1/10/2046 30,000 USD 29,758 27,438 0.05 Ziggo Bond Finance BV 6% 15/1/2027 ‘144A’ 250,000 USD 249,999 252,188 0.47 1,318,006 1,326,085 2.43

Switzerland Credit Suisse AG 6.5% 8/8/2023 ‘144A’ 340,000 USD 368,288 381,867 0.70 Credit Suisse Group AG FRN Perpetual ‘144A’ 230,000 USD 239,631 257,888 0.47 Credit Suisse Group AG 4.282% 9/1/2028 ‘144A’ 250,000 USD 250,000 257,863 0.47 857,919 897,618 1.64

United Kingdom Anglo American Capital Plc 3.625% 14/5/2020 ‘144A’ 200,000 USD 199,837 203,000 0.37 Anglo American Capital Plc 4.75% 10/4/2027 ‘144A’ 200,000 USD 200,488 205,430 0.38 Barclays Plc FRN Perpetual 200,000 EUR 238,442 251,344 0.46 Barclays Plc FRN Perpetual 150,000 USD 158,257 159,435 0.29 EnQuest Plc 7% 15/4/2022 ‘144A’’EMTN’ 202,292 USD 133,025 152,225 0.28 HSBC Holdings Plc FRN 13/3/2028 59,000 USD 59,000 60,892 0.11 HSBC Holdings Plc FRN Perpetual 230,000 USD 231,487 248,256 0.45 HSBC Holdings Plc 4.375% 23/11/2026 200,000 USD 199,984 206,697 0.38 Virgin Media Secured Finance Plc 5% 15/4/2027 ‘144A’ 125,000 GBP 153,881 166,987 0.31 Virgin Media Secured Finance Plc 5.125% 15/1/2025 ‘144A’ 225,000 GBP 350,719 306,381 0.55 1,925,120 1,960,647 3.58

United States of America 24 Hour Fitness Worldwide Inc 8% 1/6/2022 ‘144A’ 100,000 USD 86,923 92,750 0.17 Abbott Laboratories 2.9% 30/11/2021 175,000 USD 174,728 177,094 0.32 Abbott Laboratories 3.4% 30/11/2023 175,000 USD 174,247 178,820 0.33

226 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Abbott Laboratories 4.75% 30/11/2036 100,000 USD 99,379 108,394 0.20 AbbVie Inc 2.9% 6/11/2022 80,000 USD 78,778 80,709 0.15 AbbVie Inc 4.7% 14/5/2045 56,000 USD 55,575 59,170 0.11 AECOM 5.125% 15/3/2027 ‘144A’ 130,000 USD 130,000 130,000 0.24 AES Corp/VA 5.5% 15/4/2025 180,000 USD 177,103 188,550 0.35 AIG SunAmerica Global Financing X 6.9% 15/3/2032 ‘144A’ 175,000 USD 222,667 231,557 0.42 Allison Transmission Inc 5% 1/10/2024 ‘144A’ 150,000 USD 150,000 153,750 0.28 Ally Financial Inc 5.75% 20/11/2025 150,000 USD 148,824 158,063 0.29 Alta Mesa Holdings LP / Alta Mesa Finance Services Corp 7.875% 15/12/2024 ‘144A’ 167,000 USD 167,000 168,253 0.31 Altria Group Inc 2.625% 16/9/2026 100,000 USD 99,622 96,386 0.18 Altria Group Inc 3.875% 16/9/2046 100,000 USD 98,555 96,561 0.18 AMC Entertainment Holdings Inc 6.125% 15/5/2027 ‘144A’ 94,000 USD 94,000 99,405 0.18 American Airlines 2013-2 Class A Pass Through Trust 4.95% 15/1/2023 152,235 USD 159,570 162,892 0.30 American Airlines 2013-2 Class B Pass Through Trust 5.6% 15/7/2020 ‘144A’ 238,387 USD 242,811 248,876 0.46 American Airlines 2016-2 Class AA Pass Through Trust 3.2% 15/6/2028 162,658 USD 162,658 161,845 0.30 American Express Credit Corp 3.3% 3/5/2027 ‘MTN’ 70,000 USD 69,156 70,208 0.13 American Greetings Corp 7.875% 15/2/2025 ‘144A’ 30,000 USD 29,792 32,325 0.06 American Tower Trust #1 3.07% 15/3/2023 ‘144A’ 375,000 USD 366,465 377,020 0.69 Anheuser-Busch InBev Finance Inc 3.65% 1/2/2026 305,000 USD 319,153 313,388 0.57 Anheuser-Busch InBev Finance Inc 4.9% 1/2/2046 266,000 USD 292,779 298,846 0.55 Antero Resources Corp 5.125% 1/12/2022 35,000 USD 31,555 34,913 0.06 Antero Resources Corp 5.375% 1/11/2021 190,000 USD 174,285 192,375 0.35 Apple Inc 2.85% 11/5/2024 180,000 USD 179,833 181,012 0.33 Apple Inc 3.2% 11/5/2027 145,000 USD 145,000 146,847 0.27 Archer-Daniels-Midland Co 2.5% 11/8/2026 105,000 USD 104,722 100,611 0.18 AT&T Inc 5.25% 1/3/2037 202,000 USD 201,068 214,866 0.39 Athene Global Funding 4% 25/1/2022 ‘144A’ 210,000 USD 209,941 217,811 0.40 AvalonBay Communities Inc 2.9% 15/10/2026 ‘MTN’ 100,000 USD 99,712 97,143 0.18 Bank of America Corp FRN 24/4/2028 110,000 USD 110,000 110,861 0.20 Bank of America Corp FRN 20/1/2028 ‘MTN’ 138,000 USD 138,007 140,152 0.26 Bank of America Corp FRN 24/4/2038 50,000 USD 50,000 52,093 0.10 Bank of America Corp 3.248% 21/10/2027 ‘MTN’ 62,000 USD 62,000 59,777 0.11 Bank of America Corp 3.3% 11/1/2023 ‘GMTN’ 120,000 USD 118,787 122,282 0.22 Bank of America Corp 4% 22/1/2025 ‘MTN’ 212,000 USD 216,953 215,466 0.39 Bank of America Corp FRN Perpetual 165,000 USD 165,000 179,231 0.33 Bank of America Corp FRN Perpetual 67,000 USD 67,000 74,873 0.14 Beazer Homes USA Inc 5.75% 15/6/2019 165,000 USD 164,389 172,838 0.32 Beazer Homes USA Inc 6.75% 15/3/2025 77,000 USD 77,387 80,465 0.15 Beazer Homes USA Inc 8.75% 15/3/2022 27,000 USD 27,645 29,970 0.05 Becton Dickinson and Co 4.669% 6/6/2047 78,000 USD 78,000 80,573 0.15 Berkshire Hathaway Energy Co 6.125% 1/4/2036 50,000 USD 58,578 64,329 0.12 BlueLine Rental Finance Corp / BlueLine Rental LLC 9.25% 15/3/2024 ‘144A’ 57,000 USD 57,000 59,280 0.11 BMW US Capital LLC 2% 11/4/2021 ‘144A’ 227,000 USD 226,571 224,553 0.41 Boyd Gaming Corp 6.875% 15/5/2023 100,000 USD 101,557 107,125 0.20 BWAY Holding Co 5.5% 15/4/2024 ‘144A’ 245,000 USD 245,000 249,593 0.46 BWAY Holding Co 7.25% 15/4/2025 ‘144A’ 200,000 USD 200,000 203,000 0.37 Calumet Specialty Products Partners LP / Calumet Finance Corp 11.5% 15/1/2021 ‘144A’ 220,000 USD 217,161 254,374 0.47 Capital One Financial Corp 3.75% 9/3/2027 122,000 USD 120,148 121,711 0.22 Carrizo Oil & Gas Inc 8.25% 15/7/2025 60,000 USD 60,000 60,000 0.11 CBS Radio Inc 7.25% 1/11/2024 ‘144A’ 78,000 USD 78,000 80,730 0.15 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 1/5/2027 ‘144A’ 526,000 USD 524,441 538,492 0.99 CCO Holdings LLC / CCO Holdings Capital Corp 5.875% 1/5/2027 ‘144A’ 140,000 USD 138,114 149,625 0.27 CEMEX Finance LLC 6% 1/4/2024 ‘144A’ 200,000 USD 198,426 212,000 0.39 CEMEX Finance LLC 9.375% 12/10/2022 ‘144A’ 225,000 USD 246,846 238,781 0.44 Centene Corp 4.75% 15/5/2022 100,000 USD 101,439 104,750 0.19 Centene Corp 4.75% 15/1/2025 126,000 USD 127,129 130,410 0.24 CF Industries Inc 3.4% 1/12/2021 ‘144A’ 175,000 USD 174,775 177,142 0.32

227 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

CF Industries Inc 4.5% 1/12/2026 ‘144A’ 80,000 USD 79,539 82,543 0.15 Charter Communications Operating LLC / Charter Communications Operating Capital 6.384% 23/10/2035 141,000 USD 141,000 167,460 0.31 Cheniere Corpus Christi Holdings LLC 5.125% 30/6/2027 ‘144A’ 138,000 USD 138,173 141,105 0.26 Cheniere Corpus Christi Holdings LLC 5.875% 31/3/2025 175,000 USD 175,177 186,813 0.34 Chesapeake Energy Corp 8% 15/12/2022 ‘144A’ 53,000 USD 29,151 55,650 0.10 CHS/Community Health Systems Inc 6.25% 31/3/2023 216,000 USD 216,000 223,560 0.41 Churchill Downs Inc 5.375% 15/12/2021 168,000 USD 169,243 174,510 0.32 Cintas Corp No 2 3.7% 1/4/2027 235,000 USD 234,125 242,979 0.44 Citgo Holding Inc 10.75% 15/2/2020 ‘144A’ 100,000 USD 102,004 109,000 0.20 Citigroup Inc FRN Perpetual 200,000 USD 197,817 213,000 0.39 Citigroup Inc FRN Perpetual Series T 112,000 USD 112,000 124,040 0.23 Citigroup Inc 4.125% 25/7/2028 98,000 USD 97,574 99,005 0.18 CNH Industrial Capital LLC 3.875% 16/7/2018 189,000 USD 188,769 192,071 0.35 Columbia Pipeline Group Inc 3.3% 1/6/2020 75,000 USD 75,133 76,898 0.14 Columbia Pipeline Group Inc 4.5% 1/6/2025 50,000 USD 49,781 53,553 0.10 Columbia Pipeline Group Inc 5.8% 1/6/2045 50,000 USD 50,115 59,487 0.11 Comcast Corp 3.375% 15/8/2025 75,000 USD 74,494 76,906 0.14 Comcast Corp 3.4% 15/7/2046 120,000 USD 118,986 109,098 0.20 Concho Resources Inc 4.375% 15/1/2025 31,000 USD 31,000 31,620 0.06 Concho Resources Inc 5.5% 1/4/2023 150,000 USD 149,723 154,313 0.28 Continental Airlines 2012-2 Class A Pass Through Trust 4% 29/10/2024 123,347 USD 125,156 129,515 0.24 Continental Airlines 2012-3 Class C Pass Through Trust 6.125% 29/4/2018 230,000 USD 232,985 235,750 0.43 Continental Resources Inc/OK 4.5% 15/4/2023 150,000 USD 146,641 143,063 0.26 Cott Holdings Inc 5.5% 1/4/2025 ‘144A’ 119,000 USD 119,000 121,083 0.22 Crown Americas LLC / Crown Americas Capital Corp IV 4.5% 15/1/2023 100,000 USD 97,332 104,500 0.19 Crown Castle International Corp 2.25% 1/9/2021 100,000 USD 99,977 98,474 0.18 CSC Holdings LLC 5.5% 15/4/2027 ‘144A’ 200,000 USD 200,000 211,500 0.39 CSC Holdings LLC 6.625% 15/10/2025 ‘144A’ 200,000 USD 200,000 220,000 0.40 CyrusOne LP / CyrusOne Finance Corp 5% 15/3/2024 ‘144A’ 22,000 USD 22,000 22,605 0.04 CyrusOne LP / CyrusOne Finance Corp 5.375% 15/3/2027 ‘144A’ 16,000 USD 16,000 16,620 0.03 Daimler Finance North America LLC 2.25% 2/3/2020 ‘144A’ 150,000 USD 149,011 150,337 0.28 DCP Midstream Operating LP FRN 21/5/2043 ‘144A’ 44,000 USD 37,352 40,920 0.07 Dell International LLC / EMC Corp 7.125% 15/6/2024 ‘144A’ 100,000 USD 100,000 110,000 0.20 Dell International LLC / EMC Corp 8.35% 15/7/2046 ‘144A’ 243,000 USD 242,813 313,096 0.57 Denbury Resources Inc 4.625% 15/7/2023 125,000 USD 82,931 66,250 0.12 Denbury Resources Inc 5.5% 1/5/2022 54,000 USD 40,700 30,240 0.06 Diamondback Energy Inc 5.375% 31/5/2025 ‘144A’ 200,000 USD 198,442 204,000 0.37 DISH DBS Corp 5% 15/3/2023 90,000 USD 85,981 92,025 0.17 DISH DBS Corp 5.875% 15/7/2022 165,000 USD 164,632 177,788 0.33 DISH DBS Corp 7.75% 1/7/2026 100,000 USD 100,000 118,250 0.22 Dr Pepper Snapple Group Inc 2.55% 15/9/2026 100,000 USD 99,702 94,176 0.17 Dynegy Inc 8% 15/1/2025 ‘144A’ 354,000 USD 349,011 343,379 0.63 Eagle Holding Co II LLC 7.625% 15/5/2022 ‘144A’ 48,000 USD 48,000 49,560 0.09 EI du Pont de Nemours & Co FRN 1/5/2020 182,000 USD 182,000 183,100 0.34 Eldorado Resorts Inc 6% 1/4/2025 ‘144A’ 34,000 USD 34,000 35,955 0.07 Energy Transfer LP 6.125% 15/12/2045 50,000 USD 49,822 54,563 0.10 EP Energy LLC / Everest Acquisition Finance Inc 6.375% 15/6/2023 48,000 USD 42,782 26,640 0.05 EP Energy LLC / Everest Acquisition Finance Inc 8% 29/11/2024 ‘144A’ 125,000 USD 125,462 124,375 0.23 EP Energy LLC / Everest Acquisition Finance Inc 8% 15/2/2025 ‘144A’ 106,000 USD 103,373 77,910 0.14 Equinix Inc 5.375% 15/5/2027 78,000 USD 78,000 83,363 0.15 Exelon Corp 3.497% 1/6/2022 117,000 USD 117,337 119,720 0.22 Exelon Corp 5.1% 15/6/2045 75,000 USD 74,792 84,096 0.15 Express Scripts Holding Co 3.4% 1/3/2027 135,000 USD 126,360 131,476 0.24 Express Scripts Holding Co 4.8% 15/7/2046 55,000 USD 54,907 56,065 0.10 FirstEnergy Corp 3.9% 15/7/2027 172,000 USD 172,630 171,724 0.31 FirstEnergy Corp 4.25% 15/3/2023 70,000 USD 70,584 73,854 0.14 FirstEnergy Corp 4.85% 15/7/2047 59,000 USD 58,628 59,677 0.11 Five Corners Funding Trust 4.419% 15/11/2023 ‘144A’ 140,000 USD 143,992 150,435 0.28 Flex Acquisition Co Inc 6.875% 15/1/2025 ‘144A’ 59,000 USD 59,000 61,213 0.11 Florida East Coast Holdings Corp 6.75% 1/5/2019 ‘144A’ 90,000 USD 89,916 92,363 0.17

228 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Florida East Coast Holdings Corp 9.75% 1/5/2020 ‘144A’ 100,000 USD 97,498 107,500 0.20 Freeport-McMoRan Inc 3.875% 15/3/2023 15,000 USD 9,640 14,119 0.03 Freeport-McMoRan Inc 4.55% 14/11/2024 188,000 USD 100,091 177,660 0.33 Freeport-McMoRan Inc 5.4% 14/11/2034 330,000 USD 292,624 296,174 0.54 Frontier Communications Corp 7.125% 15/3/2019 160,000 USD 163,050 167,000 0.31 Frontier Communications Corp 11% 15/9/2025 50,000 USD 49,691 46,250 0.08 General Electric Co FRN Perpetual 705,000 USD 646,828 748,018 1.37 General Electric Co 6.75% 15/3/2032 ‘MTNA’ 100,000 USD 127,973 137,160 0.25 General Motors Co 3.5% 2/10/2018 230,000 USD 232,114 233,827 0.43 General Motors Co 5.2% 1/4/2045 60,000 USD 57,101 58,725 0.11 General Motors Financial Co Inc 4.2% 1/3/2021 119,000 USD 122,169 124,756 0.23 GenOn Americas Generation LLC 8.5% 1/10/2021 (Defaulted) 100,000 USD 90,601 89,750 0.16 Gibson Brands Inc 8.875% 1/8/2018 ‘144A’ 150,000 USD 135,090 132,750 0.24 Gilead Sciences Inc 4.15% 1/3/2047 65,000 USD 64,546 65,138 0.12 Gilead Sciences Inc 4.5% 1/2/2045 90,000 USD 90,304 94,228 0.17 Gilead Sciences Inc 4.8% 1/4/2044 50,000 USD 52,162 54,787 0.10 GLP Capital LP / GLP Financing II Inc 5.375% 15/4/2026 100,000 USD 100,000 109,000 0.20 Goldman Sachs Group Inc/The 2.35% 15/11/2021 37,000 USD 36,068 36,494 0.07 Goldman Sachs Group Inc/The 3% 26/4/2022 290,000 USD 288,828 291,490 0.53 Goldman Sachs Group Inc/The 4.25% 21/10/2025 190,000 USD 188,765 195,764 0.36 Goldman Sachs Group Inc/The 6.75% 1/10/2037 100,000 USD 116,357 129,558 0.24 Halcon Resources Corp 12% 15/2/2022 ‘144A’ 19,000 USD 15,141 21,850 0.04 HCA Healthcare Inc 6.25% 15/2/2021 450,000 USD 472,473 492,749 0.90 Hexion Inc 10.375% 1/2/2022 ‘144A’ 51,000 USD 51,675 50,490 0.09 High Ridge Brands Co 8.875% 15/3/2025 ‘144A’ 56,000 USD 56,000 55,580 0.10 Hill-Rom Holdings Inc 5% 15/2/2025 ‘144A’ 54,000 USD 54,000 55,215 0.10 Hilton Domestic Operating Co Inc 4.25% 1/9/2024 ‘144A’ 140,000 USD 139,978 141,750 0.26 Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 1/4/2027 ‘144A’ 138,000 USD 138,000 143,865 0.26 HollyFrontier Corp 5.875% 1/4/2026 60,000 USD 60,055 63,678 0.12 Home Depot Inc/The 2.125% 15/9/2026 154,000 USD 152,448 144,083 0.26 Hughes Satellite Systems Corp 6.5% 15/6/2019 100,000 USD 105,137 108,000 0.20 IASIS Healthcare LLC / IASIS Capital Corp 8.375% 15/5/2019 175,000 USD 178,326 175,875 0.32 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6.25% 1/2/2022 175,000 USD 175,000 182,438 0.33 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6.75% 1/2/2024 115,000 USD 115,000 119,888 0.22 International Lease Finance Corp 5.875% 1/4/2019 225,000 USD 232,809 238,781 0.44 International Lease Finance Corp 7.125% 1/9/2018 ‘144A’ 275,000 USD 287,313 289,780 0.53 inVentiv Group Holdings Inc / inVentiv Health Inc/inVentiv Health Clinical Inc 7.5% 1/10/2024 ‘144A’ 100,000 USD 100,000 108,500 0.20 JPMorgan Chase & Co FRN 1/2/2028 110,000 USD 110,000 112,440 0.21 JPMorgan Chase & Co FRN Perpetual 175,000 USD 174,177 182,875 0.33 JPMorgan Chase & Co 2.95% 1/10/2026 175,000 USD 174,657 169,081 0.31 KB Home 4.75% 15/5/2019 120,000 USD 119,971 123,600 0.23 KB Home 7.5% 15/9/2022 115,000 USD 119,438 129,950 0.24 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.75% 1/6/2027 ‘144A’ 215,000 USD 215,977 218,763 0.40 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 5.25% 1/6/2026 ‘144A’ 58,000 USD 58,000 61,045 0.11 Kinder Morgan Energy Partners LP 5% 15/8/2042 56,000 USD 50,791 54,765 0.10 Kraft Heinz Foods Co 4.375% 1/6/2046 191,000 USD 190,419 185,641 0.34 Kraft Heinz Foods Co 5% 15/7/2035 100,000 USD 99,144 107,798 0.20 Kraft Heinz Foods Co 5.2% 15/7/2045 84,000 USD 83,691 90,955 0.17 Landry’s Inc 6.75% 15/10/2024 ‘144A’ 64,000 USD 65,139 65,440 0.12 Levi Strauss & Co 5% 1/5/2025 150,000 USD 157,500 157,125 0.29 Live Nation Entertainment Inc 4.875% 1/11/2024 ‘144A’ 95,000 USD 95,000 96,069 0.18 Live Nation Entertainment Inc 5.375% 15/6/2022 ‘144A’ 50,000 USD 50,974 51,875 0.09 Memorial Sloan-Kettering Cancer Center 5% 1/7/2042 130,000 USD 138,716 151,614 0.28 MGM Resorts International 6.75% 1/10/2020 460,000 USD 479,514 508,299 0.93 Microsoft Corp 3.45% 8/8/2036 175,000 USD 174,353 175,306 0.32 Microsoft Corp 3.7% 8/8/2046 95,000 USD 94,553 93,874 0.17 Microsoft Corp 3.95% 8/8/2056 100,000 USD 97,562 99,656 0.18 Mohegan Gaming & Entertainment 7.875% 15/10/2024 ‘144A’ 176,000 USD 174,837 183,040 0.34 Morgan Stanley FRN 20/1/2022 250,000 USD 252,599 251,946 0.46 Morgan Stanley 3.125% 27/7/2026 ‘MTN’ 171,000 USD 169,947 166,459 0.30

229 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Morgan Stanley 3.625% 20/1/2027 65,000 USD 64,378 65,291 0.12 Morgan Stanley 3.875% 29/4/2024 80,000 USD 80,733 83,036 0.15 Morgan Stanley 4% 23/7/2025 ‘GMTN’ 104,000 USD 106,547 108,293 0.20 Morgan Stanley 4.1% 22/5/2023 ‘MTN’ 150,000 USD 151,216 156,326 0.29 Morgan Stanley 4.35% 8/9/2026 ‘GMTN’ 99,000 USD 102,367 102,876 0.19 Morgan Stanley 4.875% 1/11/2022 180,000 USD 188,473 195,513 0.36 MPLX LP 5.2% 1/3/2047 69,000 USD 68,833 70,984 0.13 Mylan Inc 3.125% 15/1/2023 ‘144A’ 93,000 USD 92,613 92,780 0.17 Nabors Industries Inc 5.5% 15/1/2023 ‘144A’ 29,000 USD 29,000 27,478 0.05 National Rural Utilities Cooperative Finance Corp FRN 30/4/2043 125,000 USD 126,013 126,996 0.23 Nature’s Bounty Co/The 7.625% 15/5/2021 ‘144A’ 100,000 USD 100,000 106,125 0.19 Navient Corp 6.125% 25/3/2024 ‘MTN’ 50,000 USD 47,720 51,657 0.09 Navient Corp 6.5% 15/6/2022 83,000 USD 82,967 88,175 0.16 Netflix Inc 3.625% 15/5/2027 ‘144A’ 136,000 EUR 148,089 157,999 0.29 Netflix Inc 4.375% 15/11/2026 ‘144A’ 100,000 USD 100,000 99,875 0.18 Newell Brands Inc 3.85% 1/4/2023 50,000 USD 49,988 52,540 0.10 Newell Brands Inc 5.5% 1/4/2046 100,000 USD 99,651 119,546 0.22 Oncor Electric Delivery Co LLC 2.95% 1/4/2025 160,000 USD 155,479 159,130 0.29 ONEOK Inc 7.5% 1/9/2023 80,000 USD 79,091 95,500 0.17 Pacific Gas & Electric Co 4.3% 15/3/2045 105,000 USD 102,634 113,991 0.21 Parsley Energy LLC / Parsley Finance Corp 5.25% 15/8/2025 ‘144A’ 121,000 USD 122,677 120,395 0.22 Penn National Gaming Inc 5.625% 15/1/2027 ‘144A’ 41,000 USD 41,000 41,564 0.08 Phillips 66 FRN 15/4/2020 ‘144A’ 65,000 USD 65,000 65,139 0.12 Platform Specialty Products Corp 10.375% 1/5/2021 ‘144A’ 100,000 USD 100,000 110,500 0.20 Port Authority of New York & New Jersey 4.458% 1/10/2062 150,000 USD 148,798 164,627 0.30 Post Holdings Inc 5% 15/8/2026 ‘144A’ 146,000 USD 145,221 145,635 0.27 Post Holdings Inc 5.5% 1/3/2025 ‘144A’ 26,000 USD 26,000 26,813 0.05 PVH Corp 4.5% 15/12/2022 200,000 USD 200,712 206,500 0.38 Radiate Holdco LLC / Radiate Finance Inc 6.625% 15/2/2025 ‘144A’ 52,000 USD 52,000 52,260 0.10 Rain CII Carbon LLC / CII Carbon Corp 7.25% 1/4/2025 ‘144A’ 275,000 USD 273,020 282,905 0.52 Regency Energy Partners LP / Regency Energy Finance Corp 5% 1/10/2022 185,000 USD 188,654 198,181 0.36 Reynolds American Inc 4.45% 12/6/2025 144,000 USD 146,268 154,340 0.28 Reynolds American Inc 5.7% 15/8/2035 56,000 USD 57,226 65,968 0.12 Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp 6.125% 15/8/2021 ‘144A’ 100,000 USD 100,000 101,250 0.19 Sabine Pass Liquefaction LLC 5% 15/3/2027 115,000 USD 115,000 122,475 0.22 Sabine Pass Liquefaction LLC 5.625% 1/3/2025 16,000 USD 17,021 17,680 0.03 Sabine Pass Liquefaction LLC 5.75% 15/5/2024 125,000 USD 135,262 139,219 0.25 Sabine Pass Liquefaction LLC 5.875% 30/6/2026 195,000 USD 195,251 218,644 0.40 Scientific Games International Inc 7% 1/1/2022 ‘144A’ 110,000 USD 113,103 117,150 0.21 Sinclair Television Group Inc 5.875% 15/3/2026 ‘144A’ 200,000 USD 209,818 204,750 0.37 Sirius XM Radio Inc 6% 15/7/2024 ‘144A’ 175,000 USD 176,685 186,375 0.34 SM Energy Co 6.75% 15/9/2026 105,000 USD 106,329 99,750 0.18 Southern Co/The 3.25% 1/7/2026 308,000 USD 302,465 301,197 0.55 Spectra Energy Partners LP 3.5% 15/3/2025 70,000 USD 68,110 69,909 0.13 Sprint Capital Corp 6.9% 1/5/2019 124,000 USD 125,891 132,680 0.24 Sprint Communications Inc 7% 1/3/2020 ‘144A’ 196,000 USD 207,431 215,110 0.39 Sprint Corp 7.125% 15/6/2024 50,000 USD 48,042 55,625 0.10 Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC 3.36% 20/9/2021 ‘144A’ 200,000 USD 199,997 202,000 0.37 Tempo Acquisition LLC / Tempo Acquisition Finance Corp 6.75% 1/6/2025 ‘144A’ 80,000 USD 80,000 81,800 0.15 Tenet Healthcare Corp 4.375% 1/10/2021 30,000 USD 30,145 30,450 0.06 Tenet Healthcare Corp 4.5% 1/4/2021 180,000 USD 180,429 183,375 0.34 Tenet Healthcare Corp 6.75% 15/6/2023 75,000 USD 75,316 74,813 0.14 Tenet Healthcare Corp 8.125% 1/4/2022 75,000 USD 79,820 79,500 0.15 Tenneco Inc 5.375% 15/12/2024 55,000 USD 56,729 56,994 0.10 Terex Corp 5.625% 1/2/2025 ‘144A’ 120,000 USD 120,000 123,300 0.23 T-Mobile USA Inc 6% 1/3/2023 90,000 USD 90,887 95,288 0.17 T-Mobile USA Inc 6.5% 15/1/2026 100,000 USD 100,000 110,375 0.20 United States Treasury Note/Bond 1.625% 31/5/2023 600,000 USD 598,476 587,531 1.08 Verizon Communications Inc 4.272% 15/1/2036 60,000 USD 55,114 58,138 0.11 Verizon Communications Inc 4.672% 15/3/2055 69,000 USD 60,852 64,870 0.12

230 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Visa Inc 2.8% 14/12/2022 125,000 USD 124,865 127,489 0.23 Visa Inc 4.3% 14/12/2045 192,000 USD 191,696 210,108 0.38 WaveDivision Escrow LLC / WaveDivision Escrow Corp 8.125% 1/9/2020 ‘144A’ 75,000 USD 77,854 77,625 0.14 WEC Energy Group Inc 3.55% 15/6/2025 50,000 USD 50,026 51,880 0.09 WellCare Health Plans Inc 5.25% 1/4/2025 163,000 USD 163,000 171,558 0.31 Wells Fargo & Co FRN 22/5/2028 ‘MTN’ 244,000 USD 244,000 246,124 0.45 Wells Fargo & Co FRN Perpetual Series U 106,000 USD 108,804 117,395 0.21 Wells Fargo & Co 2.1% 26/7/2021 70,000 USD 69,947 69,102 0.13 Wells Fargo & Co 4.48% 16/1/2024 60,000 USD 62,579 64,240 0.12 Western Digital Corp 10.5% 1/4/2024 143,000 USD 143,000 168,561 0.31 WideOpenWest Finance LLC / WideOpenWest Capital Corp 10.25% 15/7/2019 161,000 USD 166,812 165,629 0.30 Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 5.25% 15/5/2027 ‘144A’ 117,000 USD 117,000 119,340 0.22 Zayo Group LLC / Zayo Capital Inc 5.75% 15/1/2027 ‘144A’ 79,000 USD 80,488 82,753 0.15 33,399,735 34,669,463 63.48

Total Bonds 41,925,808 43,441,531 79.54

SECURITISED ASSETS

United States of America American Express Credit Account Secured Note Trust 2012-4 FRN 15/5/2020 400,000 USD 400,234 400,143 0.73 Americredit Automobile Receivables Trust 2016-4 1.34% 8/4/2020 ‘2016 4 A2A’ 110,456 USD 110,450 110,401 0.20 Ascentium Equipment Receivables 2015-1 LLC 2.26% 10/6/2021 ‘144A’ 15,589 USD 15,481 15,565 0.03 Ascentium Equipment Receivables 2016-1 Trust 1.75% 13/11/2018 ‘144A’ 48,083 USD 48,082 48,122 0.09 Aventura Mall Trust 2013-AVM FRN 5/12/2032 ‘144A’ 200,000 USD 213,802 210,058 0.38 BA Credit Card Trust FRN 15/6/2020 700,000 USD 701,417 701,009 1.28 BAMLL Commercial Mortgage Securities Trust 2015-200P 3.49% 14/4/2033 ‘144A’ 100,000 USD 99,465 101,984 0.19 BANK 2017-BNK5 3.624% 15/6/2060 ‘2017 BNK5 AS’ 96,000 USD 98,877 98,877 0.18 Capital One Multi-Asset Execution Trust FRN 15/7/2020 500,000 USD 499,258 499,960 0.92 CarMax Auto Owner Trust 2016-1 FRN 15/4/2019 91,985 USD 92,176 92,056 0.17 CarMax Auto Owner Trust 2016-2 1.24% 17/6/2019 255,892 USD 255,872 255,770 0.47 Chase Issuance Trust 1.59% 18/2/2020 ‘2015 A2 A2’ 400,000 USD 402,906 400,388 0.73 CNH Equipment Trust 2015-B 1.37% 15/7/2020 142,612 USD 142,918 142,485 0.26 Fannie Mae Pool 3.5% 1/8/2045 10,708 USD 10,925 11,021 0.02 Fannie Mae Pool 3.5% 1/12/2045 15,037 USD 15,387 15,477 0.03 Fannie Mae Pool 3.5% 1/1/2046 5,042 USD 5,176 5,189 0.01 Fannie Mae Pool 4% 1/10/2044 11,958 USD 12,563 12,623 0.02 Fannie Mae Pool 4% 1/11/2044 25,538 USD 27,195 26,899 0.05 Fannie Mae Pool 4.5% 1/8/2046 113,963 USD 124,677 122,513 0.22 Fannie Mae Pool ‘AS6311’ 3.5% 1/12/2045 305,096 USD 319,064 314,076 0.58 Fannie Mae Pool ‘AS7003’ 3% 1/4/2046 21,412 USD 21,258 21,456 0.04 Fannie Mae Pool ‘AS7060’ 3% 1/4/2031 46,264 USD 48,608 47,543 0.09 Fannie Mae Pool ‘AS8271’ 3% 1/11/2046 361,711 USD 372,575 362,460 0.66 Fannie Mae Pool ‘AY8445’ 3% 1/8/2030 73,143 USD 75,430 75,348 0.14 Fannie Mae Pool ‘AZ9565’ 3.5% 1/12/2045 73,746 USD 77,785 75,917 0.14 Fannie Mae Pool ‘BA4236’ 3.5% 1/11/2045 107,148 USD 112,506 110,312 0.20 Fannie Mae Pool ‘BC0769’ 4% 1/12/2045 294,641 USD 316,228 310,255 0.57 Fannie Mae Pool ‘BE7133’ 4% 1/2/2047 11,821 USD 12,440 12,453 0.02 Fannie Mae Pool ‘MA2836’ 4.5% 1/12/2046 6,565 USD 7,026 7,083 0.01 Fannie Mae Pool ‘MA2868’ 2.5% 1/1/2032 257,745 USD 265,216 259,535 0.48 Freddie Mac Gold Pool 3% 1/8/2046 17,974 USD 17,703 17,995 0.03 Freddie Mac Gold Pool 5% 1/11/2041 187,423 USD 207,249 204,715 0.37 Ginnie Mae II Pool ‘MA3874’ 3.5% 20/8/2046 72,030 USD 76,398 74,805 0.14 Ginnie Mae II Pool ‘MA3937’ 3.5% 20/9/2046 183,708 USD 192,908 190,675 0.35 Ginnie Mae II Pool ‘MA4126’ 3% 20/12/2046 169,364 USD 176,301 171,703 0.31 Ginnie Mae II Pool ‘MA4383’ 4% 20/4/2047 47,734 USD 50,568 50,398 0.09

231 EASTSPRING INVESTMENTS

US STRATEGIC INCOME BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

GM Financial Automobile Leasing Trust 2016-2 1.62% 20/9/2019 ‘2016 2 A3’ 147,000 USD 146,986 146,936 0.27 Hilton Grand Vacations Trust 2017-A 2.66% 26/12/2028 ‘144A’ 120,773 USD 120,756 120,926 0.22 Honda Auto Receivables 2015-4 Owner Trust 1.23% 23/9/2019 600,000 USD 598,687 598,722 1.10 John Deere Owner Trust 2016-B 1.25% 15/6/2020 119,000 USD 118,991 118,571 0.22 Mercedes-Benz Master Owner Trust 2016-A FRN 15/5/2020 ‘144A’ 292,000 USD 292,000 293,039 0.54 Verizon Owner Trust 2016-1 1.42% 20/1/2021 ‘144A’ 800,000 USD 797,374 796,670 1.46 Wells Fargo Commercial Mortgage Trust 2017-C38 FRN 15/7/2050 ‘2017 C38 B’ 58,000 USD 59,736 59,487 0.11 Westlake Automobile Receivables Trust 2016-3 1.42% 15/10/2019 ‘144A’ 109,339 USD 109,336 109,229 0.20 7,869,990 7,820,849 14.32

Total Securitised Assets 7,869,990 7,820,849 14.32

SHARES

United States of America Chaparral Energy Inc 5,979 USD 174,387 130,940 0.24 Chapparral Energy, Inc Npv 1,446 USD 42,176 42,180 0.08 216,563 173,120 0.32

Total Shares 216,563 173,120 0.32

Total Investments 50,213,048 51,664,307 94.60

Other Net Assets 2,946,460 5.40

Total Net Assets 54,610,767 100.00

232 Eastspring Investments – US Total Return Bond Fund(*) (“US Total Return Bond Fund”)

EASTSPRING INVESTMENTS

US TOTAL RETURN BOND FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

BONDS

Australia FMG Resources August 2006 Pty Ltd 9.75% 1/3/2022 ‘144A’ 125,000 USD 131,090 142,969 0.26

Bermuda Aircastle Ltd 4.125% 1/5/2024 81,000 USD 81,000 82,418 0.15 Aircastle Ltd 5% 1/4/2023 75,000 USD 77,461 80,156 0.15 Aircastle Ltd 6.25% 1/12/2019 75,000 USD 80,541 81,656 0.15 Enstar Group Ltd 4.5% 10/3/2022 112,000 USD 112,000 115,500 0.22 351,002 359,730 0.67

Canada Barrick Gold Corp 4.1% 1/5/2023 21,000 USD 20,592 22,748 0.04 Bombardier Inc 4.75% 15/4/2019 ‘144A’ 85,000 USD 83,887 86,488 0.16 Bombardier Inc 7.5% 15/3/2025 ‘144A’ 30,000 USD 27,836 31,125 0.06 Bombardier Inc 8.75% 1/12/2021 ‘144A’ 60,000 USD 59,474 66,675 0.12 Canadian Imperial Bank of Commerce 2.55% 16/6/2022 250,000 USD 249,770 249,921 0.46 Glencore Finance Canada Ltd 2.7% 25/10/2017 ‘144A’ 250,000 USD 250,353 250,335 0.46 Methanex Corp 5.65% 1/12/2044 46,000 USD 45,263 43,987 0.08 Precision Drilling Corp 7.75% 15/12/2023 ‘144A’ 38,000 USD 38,000 37,810 0.07 Valeant Pharmaceuticals International Inc 5.875% 15/5/2023 ‘144A’ 130,000 USD 131,748 111,475 0.21 Valeant Pharmaceuticals International Inc 6.5% 15/3/2022 ‘144A’ 14,000 USD 14,000 14,700 0.03 Valeant Pharmaceuticals International Inc 7% 15/3/2024 ‘144A’ 41,000 USD 41,000 43,358 0.08 961,923 958,622 1.77

Cayman Islands Transocean Proteus Ltd 6.25% 1/12/2024 ‘144A’ 152,950 USD 150,656 156,009 0.29

France SFR Group SA 7.375% 1/5/2026 ‘144A’ 200,000 USD 200,000 215,250 0.40

Ireland AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.625% 30/10/2020 92,000 USD 92,000 97,865 0.18 Perrigo Finance Unlimited Co 4.375% 15/3/2026 100,000 USD 104,039 103,089 0.19 196,039 200,954 0.37

Italy Enel SpA FRN 24/9/2073 ‘144A’ 100,000 USD 116,164 118,750 0.22

Luxembourg Allergan Funding SCS 4.75% 15/3/2045 38,000 USD 36,962 40,776 0.08 Prologis International Funding II SA 4.875% 15/2/2020 ‘144A’ 225,000 USD 233,485 233,128 0.43 270,447 273,904 0.51

Mexico Petroleos Mexicanos 5.375% 13/3/2022 ‘144A’ 175,000 USD 174,133 184,819 0.34

Netherlands Deutsche Telekom International Finance BV 2.225% 17/1/2020 ‘144A’ 175,000 USD 174,912 175,484 0.32 EDP Finance BV 3.625% 15/7/2024 ‘144A’ 200,000 USD 199,163 198,605 0.37 Mondelez International Holdings Netherlands BV 1.625% 28/10/2019 ‘144A’ 50,000 USD 49,917 49,531 0.09 Nederlandse Waterschapsbank NV 1.25% 9/9/2019 ‘144A’ 200,000 USD 199,854 198,000 0.37 NXP BV / NXP Funding LLC 4.125% 1/6/2021 ‘144A’ 200,000 USD 200,000 210,250 0.39 Petrobras Global Finance BV 6.125% 17/1/2022 43,000 USD 43,000 44,290 0.08 Shell International Finance BV 4% 10/5/2046 130,000 USD 127,747 127,866 0.24 Siemens Financieringsmaatschappij NV 1.7% 15/9/2021 ‘144A’ 250,000 USD 247,804 242,990 0.45

233 EASTSPRING INVESTMENTS

US TOTAL RETURN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Siemens Financieringsmaatschappij NV 2.35% 15/10/2026 ‘144A’ 250,000 USD 249,338 235,097 0.44 Teva Pharmaceutical Finance Netherlands III BV 4.1% 1/10/2046 30,000 USD 29,758 27,438 0.05 Ziggo Bond Finance BV 6% 15/1/2027 ‘144A’ 250,000 USD 249,999 252,188 0.46 1,771,492 1,761,739 3.26

Sweden Swedbank AB 2.2% 4/3/2020 ‘144A’ 200,000 USD 198,942 200,244 0.37

Switzerland Credit Suisse AG 6.5% 8/8/2023 ‘144A’ 340,000 USD 368,288 381,867 0.71 Credit Suisse AG/New York NY 3.625% 9/9/2024 ‘MTN’ 75,000 USD 74,784 77,372 0.14 Credit Suisse Group AG 4.282% 9/1/2028 ‘144A’ 250,000 USD 250,000 257,863 0.48 693,072 717,102 1.33

United Kingdom Anglo American Capital Plc 3.625% 14/5/2020 ‘144A’ 200,000 USD 199,837 203,000 0.38 Anglo American Capital Plc 4.75% 10/4/2027 ‘144A’ 200,000 USD 200,488 205,430 0.38 Bank of England Euro Note 1.75% 6/3/2020 ‘144A’ 317,000 USD 316,935 317,310 0.59 Barclays Plc FRN Perpetual 200,000 USD 211,010 212,580 0.39 HSBC Holdings Plc FRN 13/3/2028 59,000 USD 59,000 60,892 0.11 HSBC Holdings Plc FRN Perpetual 200,000 USD 201,210 215,874 0.40 HSBC Holdings Plc 4.375% 23/11/2026 200,000 USD 199,984 206,697 0.38 Reckitt Benckiser Treasury Services Plc 2.75% 26/6/2024 ‘144A’ 200,000 USD 199,785 198,483 0.37 Reckitt Benckiser Treasury Services Plc 3% 26/6/2027 ‘144A’ 200,000 USD 199,401 198,066 0.37 1,787,650 1,818,332 3.37

United States of America 21st Century Fox America Inc 4.75% 15/9/2044 50,000 USD 50,840 52,779 0.10 Abbott Laboratories 2.9% 30/11/2021 175,000 USD 174,728 177,094 0.33 Abbott Laboratories 3.4% 30/11/2023 175,000 USD 174,247 178,820 0.33 Abbott Laboratories 4.75% 30/11/2036 80,000 USD 79,504 86,715 0.16 AECOM 5.125% 15/3/2027 ‘144A’ 99,000 USD 99,000 99,000 0.18 AIG SunAmerica Global Financing X 6.9% 15/3/2032 ‘144A’ 100,000 USD 127,238 132,319 0.24 Altria Group Inc 2.625% 16/9/2026 100,000 USD 99,622 96,386 0.18 Altria Group Inc 3.875% 16/9/2046 70,000 USD 68,988 67,593 0.13 American Airlines 2013-2 Class A Pass Through Trust 4.95% 15/1/2023 152,235 USD 159,570 162,892 0.30 American Airlines 2016-2 Class AA Pass Through Trust 3.2% 15/6/2028 245,448 USD 245,448 244,221 0.45 American Express Credit Corp 2.25% 5/5/2021 ‘MTN’ 175,000 USD 174,918 174,570 0.32 American Express Credit Corp 3.3% 3/5/2027 ‘MTN’ 61,000 USD 60,265 61,181 0.11 American Greetings Corp 7.875% 15/2/2025 ‘144A’ 30,000 USD 29,792 32,325 0.06 American Tower Trust #1 3.07% 15/3/2023 ‘144A’ 275,000 USD 268,742 276,482 0.51 Anheuser-Busch InBev Finance Inc 3.65% 1/2/2026 298,000 USD 309,395 306,195 0.57 Anheuser-Busch InBev Finance Inc 4.9% 1/2/2046 264,000 USD 290,583 296,600 0.55 Apple Inc 2.85% 11/5/2024 180,000 USD 179,833 181,012 0.33 Apple Inc 3.2% 11/5/2027 145,000 USD 145,000 146,847 0.27 Archer-Daniels-Midland Co 2.5% 11/8/2026 151,000 USD 150,601 144,688 0.27 AT&T Inc 5.25% 1/3/2037 202,000 USD 201,068 214,866 0.40 Athene Global Funding 2.75% 20/4/2020 ‘144A’ 100,000 USD 99,829 100,260 0.19 Athene Global Funding 4% 25/1/2022 ‘144A’ 210,000 USD 209,941 217,811 0.40 AvalonBay Communities Inc 2.9% 15/10/2026 ‘MTN’ 100,000 USD 99,712 97,143 0.18 Bank of America Corp FRN 24/4/2028 110,000 USD 110,000 110,861 0.21 Bank of America Corp FRN 20/1/2028 ‘MTN’ 133,000 USD 133,007 135,074 0.25 Bank of America Corp FRN 24/4/2038 50,000 USD 50,000 52,093 0.10 Bank of America Corp FRN Perpetual 135,000 USD 135,000 146,644 0.27 Bank of America Corp 3.248% 21/10/2027 ‘MTN’ 57,000 USD 57,000 54,956 0.10 Bank of America Corp 3.3% 11/1/2023 ‘GMTN’ 170,000 USD 168,282 173,232 0.32 Bank of America Corp 4% 22/1/2025 ‘MTN’ 111,000 USD 113,593 112,815 0.21 Becton Dickinson and Co 3.363% 6/6/2024 175,000 USD 175,000 174,504 0.32 Becton Dickinson and Co 4.669% 6/6/2047 58,000 USD 58,000 59,913 0.11 BMW US Capital LLC 2% 11/4/2021 ‘144A’ 227,000 USD 226,571 224,553 0.42 BWAY Holding Co 5.5% 15/4/2024 ‘144A’ 190,000 USD 190,000 193,563 0.36

234 EASTSPRING INVESTMENTS

US TOTAL RETURN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Calumet Specialty Products Partners LP / Calumet Finance Corp 11.5% 15/1/2021 ‘144A’ 115,000 USD 113,516 132,969 0.25 Capital One Financial Corp 3.75% 9/3/2027 122,000 USD 120,148 121,711 0.23 CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 1/5/2027 ‘144A’ 142,000 USD 140,623 145,373 0.27 Centene Corp 4.75% 15/5/2022 100,000 USD 101,439 104,750 0.19 Centene Corp 4.75% 15/1/2025 26,000 USD 26,000 26,910 0.05 CF Industries Inc 3.4% 1/12/2021 ‘144A’ 190,000 USD 189,755 192,325 0.36 CF Industries Inc 4.5% 1/12/2026 ‘144A’ 70,000 USD 69,597 72,225 0.13 Charter Communications Operating LLC / Charter Communications Operating Capital 6.384% 23/10/2035 141,000 USD 141,000 167,460 0.31 Charter Communications Operating LLC / Charter Communications Operating Capital 6.834% 23/10/2055 35,000 USD 35,000 42,835 0.08 Cheniere Corpus Christi Holdings LLC 5.125% 30/6/2027 ‘144A’ 138,000 USD 138,182 141,105 0.26 Cheniere Corpus Christi Holdings LLC 5.875% 31/3/2025 100,000 USD 100,033 106,750 0.20 CHS/Community Health Systems Inc 6.25% 31/3/2023 144,000 USD 144,000 149,040 0.28 Cintas Corp No 2 3.7% 1/4/2027 230,000 USD 229,144 237,809 0.44 Citigroup Inc FRN Perpetual Series T 112,000 USD 112,000 124,040 0.23 Citigroup Inc 4.05% 30/7/2022 100,000 USD 101,958 104,641 0.19 Citigroup Inc 4.125% 25/7/2028 60,000 USD 59,739 60,615 0.11 Columbia Pipeline Group Inc 3.3% 1/6/2020 75,000 USD 75,133 76,898 0.14 Columbia Pipeline Group Inc 4.5% 1/6/2025 35,000 USD 34,844 37,487 0.07 Columbia Pipeline Group Inc 5.8% 1/6/2045 50,000 USD 50,115 59,487 0.11 Comcast Corp 3% 1/2/2024 150,000 USD 149,733 152,219 0.28 Comcast Corp 3.375% 15/8/2025 88,000 USD 87,407 90,236 0.17 Comcast Corp 3.4% 15/7/2046 120,000 USD 118,986 109,098 0.20 Continental Airlines 2012-1 Class A Pass Through Trust 4.15% 11/4/2024 80,313 USD 82,049 84,830 0.16 Continental Airlines 2012-2 Class A Pass Through Trust 4% 29/10/2024 123,347 USD 125,156 129,515 0.24 Crown Castle International Corp 2.25% 1/9/2021 100,000 USD 99,977 98,474 0.18 CyrusOne LP / CyrusOne Finance Corp 5% 15/3/2024 ‘144A’ 22,000 USD 22,000 22,605 0.04 CyrusOne LP / CyrusOne Finance Corp 5.375% 15/3/2027 ‘144A’ 16,000 USD 16,000 16,620 0.03 Daimler Finance North America LLC 2.25% 2/3/2020 ‘144A’ 150,000 USD 149,011 150,337 0.28 DCP Midstream Operating LP FRN 21/5/2043 ‘144A’ 29,000 USD 24,618 26,970 0.05 Dell International LLC / EMC Corp 8.35% 15/7/2046 ‘144A’ 138,000 USD 137,893 177,808 0.33 Denbury Resources Inc 9% 15/5/2021 ‘144A’ 20,000 USD 19,649 19,100 0.04 Diamondback Energy Inc 5.375% 31/5/2025 ‘144A’ 140,000 USD 138,909 142,800 0.26 Dr Pepper Snapple Group Inc 2.55% 15/9/2026 100,000 USD 99,702 94,176 0.17 Dr Pepper Snapple Group Inc 3.43% 15/6/2027 55,000 USD 54,977 55,211 0.10 EI du Pont de Nemours & Co FRN 1/5/2020 182,000 USD 182,000 183,100 0.34 EI du Pont de Nemours & Co 2.2% 1/5/2020 210,000 USD 209,782 210,989 0.39 Energy Transfer LP 6.125% 15/12/2045 35,000 USD 34,875 38,194 0.07 Enterprise Products Operating LLC 3.7% 15/2/2026 60,000 USD 59,236 61,157 0.11 EP Energy LLC / Everest Acquisition Finance Inc 8% 29/11/2024 ‘144A’ 60,000 USD 60,000 59,700 0.11 EP Energy LLC / Everest Acquisition Finance Inc 8% 15/2/2025 ‘144A’ 47,000 USD 47,000 34,545 0.06 Equinix Inc 5.375% 15/5/2027 34,000 USD 34,000 36,338 0.07 Exelon Corp 3.497% 1/6/2022 117,000 USD 117,337 119,720 0.22 Exelon Corp 5.1% 15/6/2045 75,000 USD 74,792 84,096 0.16 Express Scripts Holding Co 3.4% 1/3/2027 135,000 USD 126,360 131,476 0.24 Express Scripts Holding Co 4.8% 15/7/2046 55,000 USD 54,907 56,065 0.10 FirstEnergy Corp 3.9% 15/7/2027 188,000 USD 188,780 187,698 0.35 FirstEnergy Corp 4.25% 15/3/2023 40,000 USD 40,334 42,202 0.08 FirstEnergy Corp 4.85% 15/7/2047 59,000 USD 58,628 59,677 0.11 Florida East Coast Holdings Corp 6.75% 1/5/2019 ‘144A’ 70,000 USD 69,934 71,838 0.13 Freeport-McMoRan Inc 3.875% 15/3/2023 20,000 USD 12,854 18,825 0.03 Freeport-McMoRan Inc 4.55% 14/11/2024 242,000 USD 127,183 228,690 0.42 Freeport-McMoRan Inc 5.4% 14/11/2034 80,000 USD 70,939 71,800 0.13 General Electric Co FRN Perpetual 606,000 USD 558,785 642,977 1.19 General Motors Co 3.5% 2/10/2018 210,000 USD 211,930 213,494 0.40 General Motors Co 5.2% 1/4/2045 56,000 USD 53,294 54,810 0.10 General Motors Financial Co Inc 4.2% 1/3/2021 80,000 USD 82,129 83,869 0.16 Gilead Sciences Inc 4.15% 1/3/2047 50,000 USD 49,650 50,106 0.09 Goldman Sachs Group Inc/The 2.35% 15/11/2021 37,000 USD 36,068 36,494 0.07

235 EASTSPRING INVESTMENTS

US TOTAL RETURN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Goldman Sachs Group Inc/The 2.6% 27/12/2020 175,000 USD 174,888 176,265 0.33 Goldman Sachs Group Inc/The 3% 26/4/2022 290,000 USD 288,829 291,491 0.54 Goldman Sachs Group Inc/The 4.25% 21/10/2025 173,000 USD 171,876 178,248 0.33 Goldman Sachs Group Inc/The 6.75% 1/10/2037 60,000 USD 69,812 77,735 0.14 Hilton Domestic Operating Co Inc 4.25% 1/9/2024 ‘144A’ 140,000 USD 139,964 141,750 0.26 Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 1/4/2027 ‘144A’ 138,000 USD 138,000 143,865 0.27 HollyFrontier Corp 5.875% 1/4/2026 45,000 USD 45,041 47,759 0.09 Home Depot Inc/The 2.125% 15/9/2026 154,000 USD 152,448 144,083 0.27 Hughes Satellite Systems Corp 5.25% 1/8/2026 75,000 USD 75,183 78,375 0.15 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6.25% 1/2/2022 90,000 USD 90,000 93,825 0.17 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6.75% 1/2/2024 85,000 USD 85,000 88,613 0.16 International Lease Finance Corp 5.875% 1/4/2019 100,000 USD 103,472 106,125 0.20 Johns Hopkins Health System Corp/The 3.837% 15/5/2046 30,000 USD 30,000 30,034 0.06 JPMorgan Chase & Co FRN 1/3/2025 123,000 USD 123,000 123,001 0.23 JPMorgan Chase & Co FRN 1/2/2028 110,000 USD 110,000 112,440 0.21 JPMorgan Chase & Co FRN Perpetual 75,000 USD 74,647 78,375 0.15 JPMorgan Chase & Co 2.95% 1/10/2026 165,000 USD 164,678 159,419 0.30 KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC 4.75% 1/6/2027 ‘144A’ 80,000 USD 80,000 81,400 0.15 Kraft Heinz Foods Co 4.375% 1/6/2046 191,000 USD 190,419 185,641 0.34 Kraft Heinz Foods Co 5% 15/7/2035 100,000 USD 99,144 107,798 0.20 Kraft Heinz Foods Co 5.2% 15/7/2045 84,000 USD 83,691 90,955 0.17 Lowe’s Cos Inc 3.1% 3/5/2027 111,000 USD 110,833 110,727 0.20 MEDNAX Inc 5.25% 1/12/2023 ‘144A’ 70,000 USD 71,179 72,450 0.13 Memorial Sloan-Kettering Cancer Center 5% 1/7/2042 60,000 USD 64,022 69,976 0.13 Microsoft Corp 3.45% 8/8/2036 175,000 USD 174,353 175,306 0.32 Microsoft Corp 3.7% 8/8/2046 95,000 USD 94,553 93,874 0.17 Microsoft Corp 3.95% 8/8/2056 100,000 USD 97,562 99,656 0.18 Morgan Stanley FRN 20/1/2022 425,000 USD 429,419 428,308 0.79 Morgan Stanley FRN 8/5/2024 ‘GMTN’ 75,000 USD 75,000 75,227 0.14 Morgan Stanley 3.125% 27/7/2026 ‘MTN’ 171,000 USD 169,947 166,459 0.31 Morgan Stanley 3.875% 29/4/2024 270,000 USD 272,470 280,247 0.52 Morgan Stanley 4.1% 22/5/2023 ‘MTN’ 230,000 USD 231,865 239,700 0.44 Morgan Stanley 4.875% 1/11/2022 180,000 USD 188,473 195,513 0.36 MPLX LP 5.2% 1/3/2047 69,000 USD 68,833 70,984 0.13 Mylan Inc 3.125% 15/1/2023 ‘144A’ 93,000 USD 92,613 92,780 0.17 Nabors Industries Inc 5.5% 15/1/2023 ‘144A’ 20,000 USD 20,000 18,950 0.04 National Rural Utilities Cooperative Finance Corp FRN 30/4/2043 50,000 USD 50,406 50,798 0.09 Newell Brands Inc 3.85% 1/4/2023 50,000 USD 49,988 52,540 0.10 Oncor Electric Delivery Co LLC 2.95% 1/4/2025 200,000 USD 194,349 198,912 0.37 Parsley Energy LLC / Parsley Finance Corp 5.25% 15/8/2025 ‘144A’ 33,000 USD 33,158 32,835 0.06 Phillips 66 FRN 15/4/2020 ‘144A’ 89,000 USD 89,000 89,190 0.17 Port Authority of New York & New Jersey 4.458% 1/10/2062 65,000 USD 64,478 71,338 0.13 Post Holdings Inc 5% 15/8/2026 ‘144A’ 78,000 USD 77,425 77,805 0.14 Post Holdings Inc 5.5% 1/3/2025 ‘144A’ 20,000 USD 20,000 20,625 0.04 Regency Energy Partners LP / Regency Energy Finance Corp 5% 1/10/2022 100,000 USD 101,974 107,125 0.20 Reynolds American Inc 4.45% 12/6/2025 144,000 USD 146,268 154,340 0.29 Reynolds American Inc 5.7% 15/8/2035 56,000 USD 57,226 65,968 0.12 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu FRN 15/7/2021 ‘144A’ 191,000 USD 189,482 194,343 0.36 Sabine Pass Liquefaction LLC 5.625% 1/3/2025 16,000 USD 17,021 17,680 0.03 Sabine Pass Liquefaction LLC 5.75% 15/5/2024 100,000 USD 106,869 111,375 0.21 Sabine Pass Liquefaction LLC 5.875% 30/6/2026 195,000 USD 195,251 218,644 0.40 SBA Tower Trust 2.898% 15/10/2019 ‘144A’ 215,000 USD 215,265 216,185 0.40 Scientific Games International Inc 7% 1/1/2022 ‘144A’ 50,000 USD 51,411 53,250 0.10 SM Energy Co 6.75% 15/9/2026 50,000 USD 50,632 47,500 0.09 Southern Co/The 3.25% 1/7/2026 308,000 USD 302,466 301,198 0.56 Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC 3.36% 20/9/2021 ‘144A’ 200,000 USD 199,997 202,000 0.37 State of California Department of Water Resources Power Supply Revenue 1.713% 1/5/2021 98,445 USD 98,445 98,084 0.18

236 EASTSPRING INVESTMENTS

US TOTAL RETURN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Tenet Healthcare Corp 6.75% 15/6/2023 50,000 USD 50,208 49,875 0.09 T-Mobile USA Inc 6.5% 15/1/2026 100,000 USD 100,000 110,375 0.20 United States Treasury Note/Bond 1% 30/11/2018 1,925,000 USD 1,917,813 1,916,277 3.56 United States Treasury Note/Bond 1.25% 31/12/2018 635,000 USD 635,586 634,206 1.17 United States Treasury Note/Bond 1.375% 30/4/2020 170,000 USD 169,163 169,363 0.31 United States Treasury Note/Bond 1.625% 31/5/2023 500,000 USD 498,730 489,609 0.91 United States Treasury Note/Bond 1.75% 15/5/2022 470,000 USD 466,883 468,017 0.87 United States Treasury Note/Bond 2% 15/11/2021 40,000 USD 39,944 40,388 0.07 United States Treasury Note/Bond 2% 15/2/2022 940,000 USD 945,363 948,372 1.76 United States Treasury Note/Bond 2.25% 15/11/2025 120,000 USD 126,242 120,225 0.22 United States Treasury Note/Bond 2.5% 15/5/2024 555,000 USD 568,397 569,482 1.05 United States Treasury Note/Bond 2.5% 15/2/2045 105,000 USD 98,783 98,093 0.18 United States Treasury Note/Bond 2.75% 15/2/2024 1,230,000 USD 1,264,172 1,281,698 2.37 United States Treasury Note/Bond 3.125% 15/11/2041 420,000 USD 424,255 445,134 0.82 United States Treasury Note/Bond 3.75% 15/8/2041 420,000 USD 469,165 492,188 0.91 Verizon Communications Inc 2.946% 15/3/2022 ‘144A’ 100,000 USD 99,841 100,812 0.19 Verizon Communications Inc 4.672% 15/3/2055 94,000 USD 82,901 88,373 0.16 Visa Inc 2.8% 14/12/2022 75,000 USD 74,919 76,494 0.14 Visa Inc 4.3% 14/12/2045 192,000 USD 191,696 210,108 0.39 WEC Energy Group Inc 3.55% 15/6/2025 40,000 USD 40,020 41,504 0.08 WellCare Health Plans Inc 5.25% 1/4/2025 112,000 USD 112,000 117,880 0.22 Wells Fargo & Co FRN 22/5/2028 ‘MTN’ 259,000 USD 259,000 261,256 0.48 Wells Fargo & Co FRN Perpetual Series U 96,000 USD 98,542 106,320 0.20 Wells Fargo & Co 2.1% 26/7/2021 70,000 USD 69,947 69,102 0.13 Wells Fargo & Co 4.48% 16/1/2024 60,000 USD 62,579 64,240 0.12 Wells Fargo Bank NA 2.15% 6/12/2019 ‘MTN’ 250,000 USD 249,721 250,977 0.46 26,862,602 27,567,753 51.01

Total Bonds 33,865,212 34,676,177 64.17

SECURITISED ASSETS

United States of America American Express Credit Account Secured Note Trust 2012-4 FRN 15/5/2020 400,000 USD 400,234 400,143 0.74 Americredit Automobile Receivables Trust 2016-4 1.34% 8/4/2020 ‘2016 4 A2A’ 112,911 USD 112,904 112,855 0.21 Ascentium Equipment Receivables 2015-1 LLC 2.26% 10/6/2021 ‘144A’ 16,409 USD 16,295 16,384 0.03 Ascentium Equipment Receivables 2015-2 LLC 1.93% 11/3/2019 ‘144A’ 43,995 USD 44,114 44,023 0.08 Ascentium Equipment Receivables 2016-1 Trust 1.75% 13/11/2018 ‘144A’ 48,083 USD 48,082 48,122 0.09 Aventura Mall Trust 2013-AVM FRN 5/12/2032 ‘144A’ 200,000 USD 213,802 210,058 0.39 BA Credit Card Trust FRN 15/6/2020 800,000 USD 801,656 801,152 1.48 BAMLL Commercial Mortgage Securities Trust 2015-200P 3.49% 14/4/2033 ‘144A’ 100,000 USD 99,465 101,984 0.19 BANK 2017-BNK5 3.624% 15/6/2060 ‘2017 BNK5 AS’ 96,000 USD 98,877 98,877 0.18 Capital One Multi-Asset Execution Trust FRN 15/7/2020 500,000 USD 499,258 499,960 0.93 CarMax Auto Owner Trust 2016-1 FRN 15/4/2019 91,985 USD 92,176 92,056 0.17 CarMax Auto Owner Trust 2016-2 1.24% 17/6/2019 106,429 USD 106,421 106,378 0.20 Chase Issuance Trust 1.59% 18/2/2020 ‘2015 A2 A2’ 300,000 USD 302,180 300,291 0.56 Chrysler Capital Auto Receivables Trust 2016-B 1.64% 15/7/2021 ‘144A’ 92,000 USD 91,980 91,763 0.17 Citibank Credit Card Issuance Trust FRN 24/7/2020 ‘2013 A4 A4’ 100,000 USD 100,359 100,361 0.19 Citibank Credit Card Issuance Trust FRN 14/5/2029 303,000 USD 303,000 305,228 0.56 CNH Equipment Trust 2015-B 1.37% 15/7/2020 85,711 USD 85,895 85,634 0.16 CSMC 2017-HL1 Trust FRN 25/6/2047 ‘144A’ 225,000 USD 229,465 229,465 0.42 Dell Equipment Finance Trust 2016-1 1.43% 24/9/2018 ‘144A’ 306,709 USD 306,691 306,684 0.57 Fannie Mae Pool 3% 1/11/2029 66,906 USD 68,443 68,916 0.13 Fannie Mae Pool 3.5% 1/12/2045 228,906 USD 237,550 235,609 0.44 Fannie Mae Pool 3.5% 1/1/2046 26,048 USD 26,740 26,810 0.05 Fannie Mae Pool 3.5% 1/11/2046 120,927 USD 124,554 124,657 0.23 Fannie Mae Pool 4% 1/4/2044 1,106,642 USD 1,174,250 1,166,958 2.16

237 EASTSPRING INVESTMENTS

US TOTAL RETURN BOND FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Fannie Mae Pool 4% 1/10/2044 118,914 USD 124,934 125,533 0.23 Fannie Mae Pool 4% 1/10/2045 4,356 USD 4,670 4,591 0.01 Fannie Mae Pool 4% 1/5/2047 129,470 USD 136,530 136,362 0.25 Fannie Mae Pool 4.5% 1/8/2046 690,712 USD 755,714 742,534 1.37 Fannie Mae Pool ‘AS6311’ 3.5% 1/12/2045 588,638 USD 615,587 605,962 1.12 Fannie Mae Pool ‘AS7003’ 3% 1/4/2046 106,131 USD 105,369 106,351 0.20 Fannie Mae Pool ‘AS7060’ 3% 1/4/2031 113,947 USD 119,721 117,097 0.22 Fannie Mae Pool ‘AS8271’ 3% 1/11/2046 1,546,982 USD 1,591,167 1,550,187 2.86 Fannie Mae Pool ‘AY8445’ 3% 1/8/2030 472,997 USD 487,917 487,254 0.90 Fannie Mae Pool ‘BA4236’ 3.5% 1/11/2045 448,630 USD 471,062 461,877 0.85 Fannie Mae Pool ‘BC0769’ 4% 1/12/2045 81,908 USD 87,410 86,249 0.16 Fannie Mae Pool ‘MA2836’ 4.5% 1/12/2046 938 USD 1,004 1,012 0.00 Fannie Mae Pool ‘MA2868’ 2.5% 1/1/2032 841,264 USD 842,670 847,107 1.57 Ford Credit Floorplan Master Owner Trust A 1.4% 15/8/2019 200,000 USD 200,244 200,004 0.37 Freddie Mac Gold Pool 3% 1/8/2046 132,442 USD 130,445 132,593 0.25 Freddie Mac Gold Pool 3.5% 1/6/2044 125,479 USD 128,998 129,276 0.24 Freddie Mac Gold Pool 5% 1/11/2041 598,910 USD 662,263 654,169 1.21 Ginnie Mae II Pool 4% 20/2/2047 103,233 USD 109,217 108,864 0.20 Ginnie Mae II Pool ‘MA3874’ 3.5% 20/8/2046 307,268 USD 325,897 319,107 0.59 Ginnie Mae II Pool ‘MA3937’ 3.5% 20/9/2046 828,072 USD 869,540 859,476 1.59 Ginnie Mae II Pool ‘MA4126’ 3% 20/12/2046 769,085 USD 769,428 779,705 1.44 Ginnie Mae II Pool ‘MA4383’ 4% 20/4/2047 393,803 USD 417,104 415,787 0.77 GM Financial Automobile Leasing Trust 2016-2 1.62% 20/9/2019 ‘2016 2 A3’ 151,000 USD 150,985 150,934 0.28 GM Financial Automobile Leasing Trust 2017-1 2.06% 20/5/2020 ‘2017 1 A3’ 236,000 USD 235,989 237,111 0.44 GM Financial Consumer Automobile 2017-1 1.78% 18/10/2021 ‘144A’ 185,000 USD 184,973 185,245 0.34 GreatAmerica Leasing Receivables Funding LLC Series 2017-1 2.06% 22/6/2020 ‘144A’ 100,000 USD 100,000 100,160 0.19 Hilton Grand Vacations Trust 2017-A 2.66% 26/12/2028 ‘144A’ 119,858 USD 119,841 120,009 0.22 John Deere Owner Trust 2016-B 1.25% 15/6/2020 119,000 USD 118,991 118,571 0.22 JP Morgan Mortgage Trust 2017-2 FRN 25/5/2047 ‘144A’ 244,000 USD 248,213 250,934 0.46 Kubota Credit Owner Trust 2015-1 1.54% 15/3/2019 ‘144A’ 67,790 USD 67,986 67,807 0.13 Leaf Receivables Funding 12 LLC 1.72% 15/5/2019 ‘144A’ 100,000 USD 99,991 99,914 0.18 Mercedes-Benz Auto Lease Trust 2016-B 1.15% 15/1/2019 92,017 USD 92,014 91,937 0.17 Mercedes-Benz Master Owner Trust 2016-A FRN 15/5/2020 ‘144A’ 227,000 USD 227,000 227,808 0.42 Nissan Auto Receivables 2016-C Owner Trust FRN 15/5/2019 235,430 USD 235,430 235,572 0.44 Verizon Owner Trust 2016-2 1.68% 20/5/2021 ‘144A’ 167,000 USD 166,983 166,612 0.31 Verizon Owner Trust 2017-2 1.92% 20/12/2021 ‘144A’ 260,000 USD 259,960 259,960 0.48 Wells Fargo Commercial Mortgage Trust 2017-C38 FRN 15/7/2050 ‘2017 C38 B’ 57,000 USD 58,706 58,461 0.11 Westlake Automobile Receivables Trust 2016-3 1.42% 15/10/2019 ‘144A’ 110,983 USD 110,980 110,872 0.21 17,019,324 16,927,372 31.33

Total Securitised Assets 17,019,324 16,927,372 31.33

Total Investments 50,884,536 51,603,549 95.50

Other Net Assets 2,434,273 4.50

Total Net Assets 54,037,822 100.00

238 Eastspring Investments – Vietnam Equity Fund(*) (“Vietnam Equity Fund”)

EASTSPRING INVESTMENTS

VIETNAM EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

SHARES

Vietnam Bank for Foreign Trade of Vietnam JSC 47,760 VND 59,165 80,892 3.13 Bao Viet Holdings 8,300 VND 15,084 20,996 0.81 Bim Son Cement JSC 30,705 VND 23,127 20,397 0.79 Binh Minh Plastics JSC 29,558 VND 32,144 128,734 4.98 CNG Vietnam JSC 49,200 VND 82,681 69,262 2.68 Dam Sen Water Park Corp 29,213 VND 53,910 70,812 2.74 DHG Pharmaceutical JSC 28,100 VND 48,207 153,659 5.94 Dinh Vu Port Investment & Development JSC 18,140 VND 34,937 55,862 2.16 Dong Phu Rubber JSC 30,430 VND 55,092 58,233 2.25 FPT Corp 61,452 VND 91,408 126,656 4.90 HAGL JSC 56,700 VND 60,444 23,647 0.91 Ho Chi Minh City Infrastructure Investment JSC 28,510 VND 30,984 46,658 1.80 Hoa Phat Group JSC 115,145 VND 74,887 162,098 6.27 Khanh Hoi Invesment & Services Corp 18,720 VND 28,166 30,883 1.19 KIDO Group Corp 62,940 VND 116,030 128,754 4.98 Kinh Bac City Development Share Holding Corp 49,720 VND 37,494 36,856 1.42 Lix Detergent JSC 44,395 VND 44,126 101,559 3.93 Masan Group Corp 65,225 VND 174,369 120,516 4.66 Nui Nho Stone JSC 17,875 VND 30,809 65,741 2.54 PetroVietnam Drilling & Well Services JSC 37,755 VND 69,013 23,004 0.89 Petrovietnam Fertilizer & Chemicals JSC 51,640 VND 87,098 53,387 2.06 Refrigeration Electrical Engineering Corp 51,905 VND 38,260 84,259 3.26 Saigon General Service Corp 22,080 VND 18,789 50,996 1.97 Saigon Securities Inc 24,510 VND 25,090 29,814 1.15 Saigon Thuong Tin Commercial JSB 79,060 VND 46,601 47,997 1.86 Sea & Air Freight International 57,290 VND 73,545 79,895 3.09 Sonadezi Long Thanh Shareholding Co 58,040 VND 49,213 100,602 3.89 Vietnam Dairy Products JSC 34,622 VND 41,896 240,044 9.27 Vietnam Export Import Commercial JSB 50,680 VND 30,146 28,761 1.11 Vietnam Joint Stock Commercial Bank for Industry and Trade 129,710 VND 102,675 115,553 4.47 Vingroup JSC 94,729 VND 104,695 177,948 6.87 1,780,085 2,534,475 97.97

Total Shares 1,780,085 2,534,475 97.97

Other Transferable Securities

SHARES

Vietnam Hoa Phat Group JSC Rights 11/08/2017 115,145 VND – 12,157 0.47

Total Shares – 12,157 0.47

Total Other Transferable Securities – 12,157 0.47

Total Investments 1,780,085 2,546,632 98.44

Other Net Assets 40,412 1.56

Total Net Assets 2,587,044 100.00

239 Eastspring Investments – World Value Equity Fund (“World Value Equity Fund”)

EASTSPRING INVESTMENTS

WORLD VALUE EQUITY FUND

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Transferable securities admitted to an official stock exchange listing or dealt in on another regulated market

MUTUAL FUNDS

Ireland iShares Core MSCI EM IMI UCITS ETF USD Acc - ETF 146,597 USD 3,806,140 3,815,905 1.00 iShares Core MSCI Pacific ex-Japan UCITS ETF USD Acc - ETF 40,222 USD 5,321,788 5,361,995 1.41 iShares Core S&P 500 UCITS ETF USD Acc - ETF 25,407 USD 5,928,940 5,885,532 1.55 15,056,868 15,063,432 3.96

Luxembourg db x-trackers ATX UCITS ETF DR - ETF 140,215 EUR 7,732,013 7,889,452 2.08

Total Mutual Funds 22,788,881 22,952,884 6.04

SHARES

Australia Australia & New Zealand Banking Group Ltd 16,903 AUD 433,907 373,214 0.09 BHP Billiton Ltd 14,133 AUD 358,947 252,946 0.06 National Australia Bank Ltd 9,097 AUD 242,928 206,943 0.05 Nine Entertainment Co Holdings Ltd 93,604 AUD 119,971 99,307 0.03 Origin Energy Ltd 18,190 AUD 144,681 95,932 0.03 Qantas Airways Ltd 43,306 AUD 81,128 190,437 0.05 QBE Insurance Group Ltd 22,451 AUD 217,441 203,842 0.05 Telstra Corp Ltd 17,418 AUD 56,849 57,580 0.02 Westfield Corp (REIT) 11,714 AUD 88,752 72,315 0.02 Whitehaven Coal Ltd 86,104 AUD 153,339 189,982 0.05 Woodside Petroleum Ltd 6,002 AUD 200,309 137,829 0.04 2,098,252 1,880,327 0.49

Austria ams AG 6,121 CHF 157,208 401,917 0.11 Erste Group Bank AG 16,939 EUR 511,849 653,625 0.17 669,057 1,055,542 0.28

Belgium Euronav NV 69,435 EUR 541,746 548,947 0.14

Bermuda Jardine Matheson Holdings Ltd 2,100 USD 127,196 134,820 0.04 Kunlun Energy Co Ltd 132,000 HKD 115,841 111,941 0.03 Noble Group Ltd 130,160 SGD 489,661 43,971 0.01 NWS Holdings Ltd 3,562 HKD 5,390 7,009 0.00 738,088 297,741 0.08

British Virgin Islands Hollysys Automation Technologies Ltd 4,300 USD 82,192 70,778 0.02

Cayman Islands Baidu Inc ADR 1,900 USD 344,816 339,776 0.09 China Resources Cement Holdings Ltd 144,000 HKD 49,559 71,574 0.02 CK Hutchison Holdings Ltd 18,000 HKD 216,140 225,973 0.06 Hengan International Group Co Ltd 9,500 HKD 78,292 70,098 0.02 Parkson Retail Group Ltd 340,500 HKD 39,070 54,524 0.01 Sands China Ltd 20,800 HKD 98,120 95,257 0.03 Tencent Holdings Ltd 11,600 HKD 227,399 414,888 0.10 Tingyi Cayman Islands Holding Corp 150,000 HKD 178,696 177,935 0.05 Vipshop Holdings Ltd ADR 4,300 USD 56,068 45,215 0.01 1,288,160 1,495,240 0.39

240 EASTSPRING INVESTMENTS

WORLD VALUE EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

China Bank of China Ltd ‘H’ 451,000 HKD 181,738 221,276 0.06 China Construction Bank Corp ‘H’ 575,000 HKD 379,159 445,637 0.11 China Merchants Bank Co Ltd ‘H’ 101,000 HKD 213,243 304,699 0.08 Dongfeng Motor Group Co Ltd ‘H’ 96,000 HKD 113,020 113,509 0.03 Guangzhou R&F Properties Co Ltd ‘H’ 43,600 HKD 73,673 67,805 0.02 960,833 1,152,926 0.30

Denmark H Lundbeck A/S 9,482 DKK 188,910 533,618 0.14 Jyske Bank A/S 8,719 DKK 424,656 507,289 0.13 Scandinavian Tobacco Group A/S ‘144A’ 31,005 DKK 491,214 506,359 0.13 TDC A/S 144,688 DKK 713,576 842,936 0.23 1,818,356 2,390,202 0.63

Finland Elisa OYJ 23,508 EUR 631,976 912,610 0.24 Nokia OYJ 284,822 EUR 1,697,080 1,752,035 0.46 Outokumpu OYJ 153,496 EUR 878,101 1,222,295 0.32 Technopolis OYJ 234,823 EUR 834,930 981,901 0.26 Tieto OYJ 27,405 EUR 690,129 846,608 0.22 UPM-Kymmene OYJ 44,308 EUR 697,706 1,263,494 0.34 5,429,922 6,978,943 1.84

France Alstom SA 38,310 EUR 986,009 1,342,807 0.35 BNP Paribas SA 19,335 EUR 1,300,992 1,406,232 0.37 Fnac Darty SA 10,591 EUR 280,972 854,498 0.22 Neopost SA 19,938 EUR 475,857 924,585 0.24 Orange SA 49,993 EUR 746,063 799,334 0.21 Sanofi 20,994 EUR 1,846,669 2,030,097 0.54 Societe BIC SA 5,049 EUR 466,773 599,620 0.16 Societe Generale SA 19,780 EUR 691,858 1,079,173 0.28 Vivendi SA 62,712 EUR 1,595,225 1,411,442 0.38 8,390,418 10,447,788 2.75

Germany Bayer AG (Reg) 19,865 EUR 1,938,520 2,586,123 0.69 Bilfinger SE 20,856 EUR 762,037 810,371 0.21 Deutsche Bank AG 21,091 EUR 470,299 380,836 0.10 Deutsche Lufthansa AG 62,631 EUR 1,142,184 1,430,727 0.38 Deutsche Telekom AG 35,772 EUR 540,672 648,175 0.17 E.ON SE 112,910 EUR 1,572,813 1,075,445 0.28 Hornbach Holding AG & Co KGaA 17,526 EUR 1,366,008 1,500,924 0.39 Innogy SE ‘144A’ 22,025 EUR 773,519 880,578 0.23 METRO AG 34,158 EUR 1,216,154 1,154,738 0.30 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 482 EUR 88,327 97,937 0.03 Rheinmetall AG 9,559 EUR 585,895 911,895 0.24 Volkswagen AG - Pref 7,919 EUR 1,649,487 1,206,903 0.32 12,105,915 12,684,652 3.34

Hong Kong BOC Hong Kong Holdings Ltd 21,500 HKD 68,339 102,870 0.03 China Merchants Port Holdings Co Ltd 53,910 HKD 149,288 149,515 0.04 China Mobile Ltd 22,000 HKD 244,826 233,493 0.06 China Overseas Land & Investment Ltd 46,000 HKD 149,207 134,649 0.04 Sino Land Co Ltd 55,118 HKD 95,100 90,378 0.02 Sun Hung Kai Properties Ltd 16,082 HKD 219,461 236,298 0.06 Wharf Holdings Ltd/The 15,000 HKD 111,742 124,324 0.03 1,037,963 1,071,527 0.28

241 EASTSPRING INVESTMENTS

WORLD VALUE EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

India Axis Bank Ltd 9,622 INR 76,562 77,013 0.02 Indiabulls Housing Finance Ltd 9,948 INR 147,216 165,624 0.04 Infosys Ltd 17,357 INR 256,923 251,223 0.07 Rural Electrification Corp Ltd 38,242 INR 124,690 101,732 0.03 605,391 595,592 0.16

Indonesia Bank Negara Indonesia Persero Tbk PT 389,400 IDR 157,414 192,837 0.05 Perusahaan Gas Negara Persero Tbk PT 537,400 IDR 106,284 90,726 0.02 Salim Ivomas Pratama Tbk PT 1,570,200 IDR 48,574 64,799 0.02 312,272 348,362 0.09

Ireland Bank of Ireland 3,996,803 EUR 1,060,170 1,045,669 0.28 FBD Holdings Plc 133,861 EUR 1,419,641 1,261,694 0.33 Permanent TSB Group Holdings Plc 391,401 EUR 1,007,746 1,248,933 0.33 3,487,557 3,556,296 0.94

Isle of Man Lamprell Plc 268,970 GBP 487,962 360,317 0.09

Italy Buzzi Unicem SpA 81,582 EUR 599,330 1,154,813 0.31 Intesa Sanpaolo SpA 130,835 EUR 489,802 417,635 0.11 Leonardo SpA 66,876 EUR 794,610 1,113,207 0.29 Safilo Group SpA 97,215 EUR 1,320,970 733,033 0.19 3,204,712 3,418,688 0.90

Japan Aeon Mall Co Ltd 48,600 JPY 663,183 958,652 0.25 Asahi Glass Co Ltd 13,300 JPY 388,269 560,986 0.15 Chubu Electric Power Co Inc 37,500 JPY 505,763 499,097 0.13 Credit Saison Co Ltd 58,400 JPY 1,087,180 1,142,586 0.30 Fuji Media Holdings Inc 30,400 JPY 439,461 413,683 0.11 Hitachi Ltd 347,000 JPY 1,588,224 2,133,241 0.55 Honda Motor Co Ltd 70,800 JPY 2,341,204 1,934,468 0.51 JSR Corp 80,000 JPY 1,288,712 1,381,844 0.36 Kaneka Corp 88,000 JPY 593,485 671,732 0.18 Komeri Co Ltd 14,700 JPY 367,181 374,513 0.10 Konica Minolta Inc 49,600 JPY 400,357 412,228 0.11 Kurita Water Industries Ltd 24,400 JPY 538,372 665,811 0.18 Leopalace21 Corp 117,400 JPY 649,642 730,740 0.19 LIXIL Group Corp 34,800 JPY 667,012 871,707 0.23 Mazda Motor Corp 78,500 JPY 1,078,981 1,097,628 0.29 Mitsubishi Heavy Industries Ltd 48,000 JPY 190,867 196,811 0.05 Mitsubishi Motors Corp 186,700 JPY 1,144,743 1,232,014 0.32 Mitsubishi UFJ Financial Group Inc 308,800 JPY 1,884,715 2,078,492 0.54 Mitsui OSK Lines Ltd 407,000 JPY 1,292,082 1,197,699 0.32 NEC Corp 579,000 JPY 1,603,905 1,538,630 0.40 Nikon Corp 40,000 JPY 536,272 640,628 0.17 Nippon Steel & Sumitomo Metal Corp 44,700 JPY 880,090 1,011,669 0.27 Nomura Holdings Inc 191,200 JPY 1,109,796 1,148,155 0.30 Nomura Real Estate Holdings Inc 62,500 JPY 1,104,623 1,228,375 0.32 Onward Holdings Co Ltd 50,000 JPY 389,021 370,519 0.10 ORIX Corp 25,500 JPY 331,939 395,666 0.10 Osaka Gas Co Ltd 136,000 JPY 495,774 557,268 0.15 Panasonic Corp 91,200 JPY 925,153 1,239,422 0.33 Ricoh Co Ltd 216,700 JPY 2,182,564 1,916,947 0.50 Rohm Co Ltd 4,400 JPY 226,500 338,612 0.09 Sumitomo Corp 128,200 JPY 1,400,728 1,671,379 0.44

242 EASTSPRING INVESTMENTS

WORLD VALUE EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Sumitomo Electric Industries Ltd 48,700 JPY 644,399 751,302 0.20 Sumitomo Heavy Industries Ltd 171,000 JPY 755,667 1,129,936 0.30 Sumitomo Mitsui Financial Group Inc 52,400 JPY 2,161,138 2,046,189 0.54 Sumitomo Mitsui Trust Holdings Inc 35,805 JPY 1,399,993 1,283,220 0.34 T&D Holdings Inc 64,200 JPY 828,459 978,686 0.26 Takeda Pharmaceutical Co Ltd 2,500 JPY 108,648 127,274 0.03 Ube Industries Ltd 177,000 JPY 361,960 456,153 0.12 Xebio Holdings Co Ltd 16,600 JPY 318,883 293,394 0.08 34,874,945 37,677,356 9.91

Liberia Royal Caribbean Cruises Ltd 49,400 USD 3,198,580 5,392,010 1.42

Luxembourg APERAM SA 22,895 EUR 740,135 1,063,410 0.28

Malaysia CIMB Group Holdings Bhd 105,231 MYR 117,761 161,304 0.05 Genting Malaysia Bhd 97,100 MYR 101,714 124,410 0.03 219,475 285,714 0.08

Netherlands ASM International NV 5,417 EUR 203,332 316,556 0.08 Boskalis Westminster 15,377 EUR 558,221 502,440 0.13 ING Groep NV 88,311 EUR 1,233,343 1,532,563 0.41 Koninklijke Volkerwessels NV 13,036 EUR 328,270 363,173 0.10 Randstad Holding NV 18,872 EUR 1,024,253 1,100,677 0.29 Wereldhave NV (REIT) 25,862 EUR 1,153,405 1,269,472 0.33 Wolters Kluwer NV 28,428 EUR 657,202 1,206,079 0.32 5,158,026 6,290,960 1.66

Norway Orkla ASA 97,650 NOK 835,745 985,524 0.26 Petroleum Geo-Services ASA 197,126 NOK 803,473 341,255 0.09 Storebrand ASA 99,356 NOK 465,049 684,091 0.18 Yara International ASA 14,282 NOK 585,953 532,968 0.14 2,690,220 2,543,838 0.67

Singapore CapitaLand Ltd 38,100 SGD 101,866 96,878 0.03 DBS Group Holdings Ltd 17,720 SGD 211,134 266,997 0.06 Oversea-Chinese Banking Corp Ltd 27,600 SGD 204,895 216,354 0.06 517,895 580,229 0.15

South Korea Hana Financial Group Inc 4,952 KRW 99,097 195,847 0.05 Hyundai Motor Co 2,494 KRW 305,825 347,676 0.09 Hyundai Steel Co 2,473 KRW 120,152 134,441 0.04 Korea Electric Power Corp 4,008 KRW 177,458 142,924 0.04 KT Corp 5,806 KRW 154,794 165,429 0.04 LG Corp 2,526 KRW 138,232 170,659 0.04 Samsung Electronics Co Ltd 209 KRW 220,841 434,202 0.12 1,216,399 1,591,178 0.42

Spain Bankia SA 245,625 EUR 849,275 1,202,738 0.32

Sweden Securitas AB 101,503 SEK 1,128,225 1,716,096 0.45 Telefonaktiebolaget LM Ericsson ‘B’ 72,620 SEK 738,183 522,559 0.14

243 EASTSPRING INVESTMENTS

WORLD VALUE EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

1,866,408 2,238,655 0.59

Switzerland BKW AG 19,152 CHF 717,821 1,132,402 0.30 Metall Zug AG 80 CHF 211,344 346,544 0.09 Novartis AG 33,102 CHF 2,164,723 2,786,147 0.73 Oriflame Holding AG 19,022 SEK 443,497 716,552 0.19 UBS Group AG 47,048 CHF 641,406 806,258 0.21 Valora Holding AG 738 CHF 160,489 238,627 0.06 Vetropack Holding AG 244 CHF 445,327 525,801 0.14 4,784,607 6,552,331 1.72

Taiwan Asustek Computer Inc 8,000 TWD 78,787 75,608 0.02 Catcher Technology Co Ltd 27,000 TWD 203,494 322,633 0.08 Compal Electronics Inc 67,000 TWD 42,559 45,151 0.01 CTBC Financial Holding Co Ltd 241,000 TWD 148,998 158,052 0.04 Hon Hai Precision Industry Co Ltd 95,900 TWD 225,470 368,846 0.10 Taiwan Semiconductor Manufacturing Co Ltd 93,000 TWD 465,822 637,428 0.17 1,165,130 1,607,718 0.42

Thailand Kasikornbank PCL (Foreign Market) 20,300 THB 94,579 119,219 0.03

United Kingdom AstraZeneca Plc 23,695 GBP 1,308,257 1,591,878 0.42 Aviva Plc 199,041 GBP 1,168,258 1,368,702 0.36 Bovis Homes Group Plc 76,612 GBP 783,222 956,230 0.25 BP Plc 445,886 GBP 3,380,172 2,585,094 0.67 Britvic Plc 163,834 GBP 1,182,688 1,473,085 0.39 Chemring Group Plc 383,740 GBP 749,488 921,084 0.24 easyJet Plc 54,613 GBP 687,053 968,624 0.25 EI Group Plc 660,745 GBP 1,049,456 1,099,466 0.29 J Sainsbury Plc 415,884 GBP 1,445,715 1,370,555 0.36 Ladbrokes Coral Group Plc 483,828 GBP 1,006,236 719,393 0.19 Lloyds Banking Group Plc 1,587,173 GBP 1,219,774 1,372,385 0.36 Next Plc 16,396 GBP 823,305 831,561 0.22 Ophir Energy Plc 306,868 GBP 538,598 334,443 0.09 Royal Bank of Scotland Group Plc 254,130 GBP 1,130,893 825,292 0.22 Royal Dutch Shell Plc ‘A’ 2,586 GBP 61,389 68,698 0.02 Royal Dutch Shell Plc ‘B’ 40,338 GBP 1,503,273 1,086,585 0.29 St Modwen Properties Plc 169,818 GBP 675,337 793,189 0.21 Standard Chartered Plc 23,150 HKD 156,092 233,094 0.06 Tullow Oil Plc 419,939 GBP 1,223,345 819,454 0.22 Vectura Group Plc 582,187 GBP 1,076,286 841,469 0.22 Vodafone Group Plc 276,110 GBP 901,847 783,648 0.21 William Hill Plc 233,647 GBP 1,228,714 767,564 0.20 23,299,398 21,811,493 5.74

United States of America AbbVie Inc 82,200 USD 5,148,410 5,959,499 1.57 Allstate Corp/The 63,100 USD 3,265,461 5,576,147 1.47 Altria Group Inc 32,000 USD 1,119,734 2,385,920 0.63 Apache Corp 101,900 USD 6,169,161 4,870,820 1.28 Apple Inc 21,300 USD 1,851,758 3,076,359 0.81 Applied Materials Inc 49,100 USD 831,227 2,029,794 0.53 Archer-Daniels-Midland Co 131,600 USD 5,029,016 5,375,860 1.41 AT&T Inc 143,300 USD 4,895,121 5,400,977 1.42 Avnet Inc 118,600 USD 4,459,282 4,620,656 1.22 Bank of America Corp 209,100 USD 3,570,951 5,114,586 1.35 Bank of the Ozarks 87,400 USD 3,406,121 4,092,942 1.08 Best Buy Co Inc 55,000 USD 1,750,756 3,176,250 0.84

244 EASTSPRING INVESTMENTS

WORLD VALUE EQUITY FUND (continued)

Statement of Investments as at June 30, 2017 (expressed in USD)

Quantity/ Acquisition % net Description Nominal Currency cost Evaluation assets

Caterpillar Inc 51,500 USD 4,311,698 5,518,740 1.45 Chevron Corp 51,400 USD 4,842,849 5,372,328 1.41 Cigna Corp 33,600 USD 2,867,162 5,620,608 1.48 Cisco Systems Inc 113,200 USD 2,767,121 3,566,366 0.94 Cognizant Technology Solutions Corp 33,900 USD 1,747,373 2,257,740 0.59 Comcast Corp 121,500 USD 2,476,708 4,743,360 1.25 CSRA Inc 77,800 USD 2,127,700 2,474,040 0.65 Delta Air Lines Inc 102,700 USD 4,145,721 5,560,178 1.46 Diamond Offshore Drilling Inc 225,400 USD 6,564,715 2,450,098 0.64 Edison International 45,800 USD 2,421,048 3,612,246 0.95 Foot Locker Inc 36,400 USD 2,577,129 1,780,688 0.47 General Motors Co 164,300 USD 5,629,941 5,748,857 1.51 Gilead Sciences Inc 82,200 USD 6,869,428 5,833,734 1.53 Goldman Sachs Group Inc/The 20,700 USD 3,140,046 4,655,016 1.22 Halliburton Co 121,300 USD 5,586,522 5,166,774 1.36 Hartford Financial Services Group Inc/The 110,700 USD 3,407,897 5,857,137 1.54 HP Inc 118,300 USD 1,519,863 2,077,348 0.55 Huntington Bancshares Inc/OH 167,400 USD 2,322,903 2,241,486 0.59 Intel Corp 108,900 USD 2,788,786 3,669,930 0.97 International Business Machines Corp 30,600 USD 4,897,991 4,720,968 1.24 JPMorgan Chase & Co 54,700 USD 2,670,370 5,008,332 1.32 Lincoln National Corp 81,600 USD 2,893,742 5,495,760 1.45 Macy’s Inc 166,300 USD 6,034,478 3,808,270 1.00 McKesson Corp 24,100 USD 3,537,074 3,952,400 1.04 Merck & Co Inc 66,900 USD 3,296,410 4,297,656 1.13 Microsoft Corp 65,000 USD 2,866,307 4,490,200 1.18 Morgan Stanley 109,400 USD 2,783,841 4,912,060 1.29 National Oilwell Varco Inc 116,800 USD 5,747,771 3,801,840 1.00 Newell Brands Inc 69,900 USD 2,324,818 3,742,446 0.98 Nucor Corp 65,100 USD 3,009,452 3,840,249 1.01 Occidental Petroleum Corp 90,500 USD 6,866,621 5,434,525 1.43 Patterson-UTI Energy Inc 102,800 USD 2,055,260 2,071,420 0.55 Pfizer Inc 164,600 USD 4,621,859 5,532,206 1.46 PNC Financial Services Group Inc/The 23,700 USD 1,643,783 2,962,500 0.78 Spirit AeroSystems Holdings Inc ‘A’ 76,000 USD 2,669,853 4,399,640 1.16 Terex Corp 71,000 USD 2,023,734 2,627,710 0.69 US Bancorp 44,000 USD 1,417,912 2,292,400 0.60 Viacom Inc ‘B’ 153,900 USD 7,020,622 5,167,962 1.36 Wells Fargo & Co 103,400 USD 4,111,861 5,732,496 1.51 182,105,367 214,177,524 56.35

Total Shares 306,039,235 351,488,241 92.48

Total Investments 328,828,116 374,441,125 98.52

Other Net Assets 5,628,313 1.48

Total Net Assets 380,069,438 100.00

245 Notes to the Financial Statements

EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

1. Organisation Eastspring Investments (the “SICAV”) is an open-ended investment company with variable capital (société d’investissement à capital variable) registered in the Grand Duchy of Luxembourg on the official list of collective investment undertakings pursuant to Part I of the Luxembourg law of December 17, 2010, relating to undertakings for collective investment (the “2010 Law”), as amended, and the Directive 2014/91/EU, as amended from time to time.

The SICAV has entrusted Eastsprings Investments (Luxembourg) S.A., (the “Management Company”) with the day- to-day management of the SICAV, with responsibility for performing directly or by way of delegation all operational functions relating to the SICAV’s investment management, administration, and marketing of the Sub-Funds. The Management Company, a Luxembourg société anonyme, is authorised as a fund management company in accordance with Chapter 15 of the 2010 Law.

The Board of Directors of the SICAV adheres to the principles of the Association of the Luxembourg Fund Industry (“ALFI”) code of conduct for Luxembourg investment funds published in June 2013. The code of conduct sets a framework of high-level principles and best practice recommendations for the governance of Luxembourg investment funds.

The SICAV aims to provide subscribers with a choice of Sub-Funds investing in a wide range of transferable securities and other permitted assets and featuring a diverse array of investment objectives. As at June 30, 2017, the SICAV had 49 active Sub-Funds opened to investors. One new Sub-Fund was launched during the current financial period. US Equity Income Fund was launched on May 8, 2017. On April 3, 2017 Emerging Asia Equity Fund changed its name to Global Emerging Markets Customized Equity Fund. The following share classes closed during the financial period: Asian Equity Fund Class J on March 7, 2017. Indonesia Equity Fund Class D on January 17, 2017.

The latest prospectus in issue for the current financial period is dated March 2017 and updates to the prospectus compared to the prior version include the inclusion of data in relation to Eastspring Investments – US Equity Income Fund.

The SICAV currently offers the following share classes:

Class of Share Terms Currency Class A reserved for retail investors USD Class A (hedged)* reserved for retail investors USD

Class AA (hedged)* reserved for retail investors AUD

Class AADM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis AUD

Class AADMC1 (hedged)* reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time AUD

Class ADM reserved for retail investors where dividends may be declared on a monthly basis USD

Class ADMC1 reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time USD

Class ADMC1 (hedged)* reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time USD

Class ADQ reserved for retail investors where dividends may be declared on a quarterly basis USD

Class AE reserved for retail investors EUR

Class AE (hedged)* reserved for retail investors EUR

Class AEDM reserved for retail investors where dividends may be declared on a monthly basis EUR

Class AEDM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis EUR

Class AF reserved for retail investors CHF

Class AF (hedged)* reserved for retail investors CHF

Class AFDM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis CHF

Class AG (hedged)* reserved for retail investors GBP

Class AGDM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis GBP

Class AH reserved for retail investors HKD

Class AH (hedged)* reserved for retail investors HKD

Class AHDM reserved for retail investors where dividends may be declared on a monthly basis HKD

Class AJ reserved for retail investors JPY

Class AN (hedged)* reserved for retail investors NZD

Class ANDM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis NZD

246 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Class of Share Terms Currency

Class ANDMC1 (hedged)* reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time NZD

Class AR (hedged)* reserved for retail investors CNH

Class ARDMC1 (hedged)* reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time CNH

Class AS reserved for retail investors SGD

Class AS (hedged)* reserved for retail investors SGD

Class ASDM reserved for retail investors where dividends may be declared on a monthly basis SGD

Class ASDM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis SGD

Class ASDMC1 (hedged)* reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time SGD

Class ASDQ reserved for retail investors where dividends may be declared on a quarterly basis SGD

Class AZ (hedged)* reserved for retail investors ZAR

Class AZDM (hedged)* reserved for retail investors where dividends may be declared on a monthly basis ZAR

Class AZDMC1 (hedged)* reserved for retail investors where dividends may be declared on a monthly basis, the distributions may be sourced from capital from time to time ZAR Class B reserved for institutional investors USD

Class BDM reserved for institutional investors where dividends may be declared on a monthly basis USD

Class BJ reserved for institutional investors JPY Class C reserved for large institutional investors USD Class C (hedged)* reserved for large institutional investors USD

Class CDY reserved for large institutional investors where dividends will be distributed on an annual basis USD

Class CE reserved for large institutional investors EUR

Class CE (hedged)* reserved for large institutional investors EUR

Class CG reserved for large institutional investors GBP

Class CG (hedged)* reserved for large institutional investors GBP

Class CGDY (hedged)* reserved for large institutional investors where dividends will be distributed on an annual basis GBP

Class CJ reserved for large institutional investors JPY

Class CS reserved for large institutional investors SGD

Class CS (hedged)* reserved for large institutional investors SGD Class D reserved for certain institutional investors specifically approved by the SICAV USD

Class DDH reserved for certain institutional investors specifically approved by the SICAV where dividends may be distributed on a semi-annual basis USD

Class DE reserved for certain institutional investors specifically approved by the SICAV EUR

Class DH (hedged)* reserved for certain institutional investors specifically approved by the SICAV HKD

Class DJ reserved for certain institutional investors specifically approved by the SICAV JPY Class E reserved for certain institutional investors specifically approved by the SICAV where dividends may be distributed USD

Class EDY reserved for certain institutional investors specifically approved by the SICAV where dividends may be distributed on an annual basis USD

Class EGDM reserved for certain institutional investors specifically approved by the SICAV where dividends may be declared on a monthly basis GBP Class F reserved for retail investors of certain distributors specifically approved by the SICAV USD Class G reserved for retail investors of certain distributors USD

Class GDM reserved for retail investors of certain distributors where dividends may be declared on a monthly basis USD

Class GEDM (hedged)* reserved for retail investors of certain distributors where dividends may be declared on a monthly basis EUR

Class GFDM (hedged)* reserved for retail investors of certain distributors where dividends may be declared on a monthly basis CHF Class J reserved for institutional investors of Japan mutual fund or investment trust that are categorized as fund of funds USD

Class JJ reserved for institutional investors of Japan mutual fund or investment trust that are categorized as fund of funds JPY

Class JJDM (hedged)* reserved for institutional investors of Japan mutual fund or investment trust that are categorized as fund of funds, and where dividends may be declared on a monthly basis JPY Class R reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV USD Class R (hedged)* reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV USD

Class RDM reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV where dividends may be declared on a monthly basis USD

Class RE reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV EUR

247 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Class of Share Terms Currency

Class RE (hedged)* reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV EUR

Class REDM (hedged)* reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV where dividends may be declared on a monthly basis EUR

Class RG reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV GBP

Class RG (hedged)* reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV GBP

Class RGDM (hedged)* reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV where dividends may be declared on a monthly basis GBP

Class RJ reserved for retail investors of certain distributors who have separate fee arrangements with their clients (which provide nominee facilities to investors) and to other retail investors at the discretion of the SICAV JPY

* Share class hedges the currency risk between the share class currency and the base currency of the Sub-Fund.

Details of the share classes available for each of the Sub-Funds can be found in the prospectus. A list of share class launches during the period can be found in Appendix 1. 2. Summary of Significant Accounting Policies The financial statements have been prepared in accordance with the format and regulations prescribed by the Luxembourg authorities for Luxembourg investment companies and the following significant accounting policies: (a) Valuation of Investments and Other Assets 1 the value of any cash on hand or on deposit, bills and demand notes, account receivables, prepaid expenses, cash and interest declared or accrued and not yet received shall be deemed to be the full amount thereof, unless unlikely to be paid or received in full, in which case the value will be discounted as the Directors may consider appropriate in such case to reflect the true value thereof; 2 the value of securities which are quoted or dealt in on any Stock Exchange shall be in respect of each security, the last known price, and where appropriate, the middle market price on the Stock Exchange which is normally the principal market for such security; In accordance with the pricing policy of the relevant Sub-Funds, the market prices applied to equity Sub- Funds and bond Sub-Funds are the mid prices and the bid prices respectively. 3 securities dealt in on another regulated market are valued in a manner as near as possible to that described in the preceding paragraph;

4 in the event that any of the securities held in any portfolio on the relevant valuation day are not quoted or dealt in on a Stock Exchange or another regulated market or, for any of the securities where no price quotation is available, or if the price as determined pursuant to sub-paragraphs (2) and/or (3) is not in the opinion of the Directors’ representation of the fair market value of the relevant securities, the value of such securities will be determined based on the reasonably foreseeable sales price determined prudently and in good faith;

5 all other assets will be valued at their respective fair values as determined in good faith by the Directors in accordance with generally accepted valuation principles and procedures. Valuation of Corporate Bonds and Securitisations Corporate bonds and securitised assets are valued based on either indicative prices communicated by brokers or calculated prices from sources such as FT Interactive Data or Valuelink. The Directors believe that such quotes and prices correspond to the market practice valuation of these securities. Due to public holidays in Indonesia from June 23, 2017 to June 30, 2017 inclusive, for Indonesia Equity Fund the last NAV was calculated on June 22, 2017. (b) Income from Investments The SICAV takes credit for income from its investments on the following basis: • on fixed deposits, and bonds on a time apportionment basis;

• on other stocks on the basis of dividends declared.

248 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

(c) Forward Foreign Exchange Contracts and Futures Contracts During the period, the SICAV entered into a number of forward foreign exchange and futures contracts. Open forward foreign exchange and futures contracts are valued at the cost to close the contracts on the accounting date. Surpluses/deficits arising from these and closed unsettled contracts are taken to unrealised appreciation/ depreciation and are included under assets or liabilities (as appropriate) in the Combined Statement of Net Assets on pages 5 to 15. (d) Credit Default Swaps A credit default swap is a credit derivative transaction in which two parties enter into an agreement, whereby one party pays the other a fixed periodic coupon for the specified life of the agreement. The other party makes no payments unless a credit event, relating to a predetermined reference asset occurs. If such an event occurs, the party will then make a payment to the first party and the swap will terminate. The credit default swaps are marked to market daily based upon quotations from market makers and recorded in the Statement of Net Assets (see note 12 for details). (e) Conversion of Foreign Currencies The value of the assets denominated in a currency other than the Reference Currency of the relevant Class of any Sub-Fund will be translated at the rates of exchange prevailing in Luxembourg at the time of the determination of the corresponding Net Asset Value on the last valuation date of the period. Foreign currency transactions during the period are translated into the Reference Currency using the exchange rates prevailing at the dates of the transactions. The rates used to convert assets and liabilities at June 30, 2017 for all Sub-Funds, except Indonesia Equity Fund were as follows:

EUR/GBP 0.8806 USD/CNH 6.7837 USD/MXN 18.0185 EUR/USD 1.1425 USD/CNY 6.7837 USD/MYR 4.2927 JPY/AUD 0.0116 USD/COP 3,056.3302 USD/NOK 8.3875 JPY/CHF 0.0085 USD/CZK 22.8929 USD/NZD 1.3651 JPY/EUR 0.0078 USD/DKK 6.5089 USD/PHP 50.4600 JPY/GBP 0.0069 USD/EGP 18.1200 USD/PLN 3.6980 JPY/NZD 0.0122 USD/EUR 0.8753 USD/QAR 3.6604 JPY/SGD 0.0123 USD/GBP 0.7707 USD/RUB 59.2550 JPY/ZAR 0.1169 USD/HKD 7.8062 USD/SEK 8.4285 USD/AED 3.6730 USD/HUF 270.4889 USD/SGD 1.3765 USD/AUD 1.3007 USD/IDR 13,327.5005 USD/THB 33.9700 USD/BRL 3.3098 USD/ILS 3.4910 USD/TRY 3.5198 USD/CAD 1.2962 USD/INR 64.6375 USD/TWD 30.4200 USD/CHF 0.9564 USD/JPY 112.1400 USD/VND 22,731.0002 USD/CLP 664.2700 USD/KRW 1,144.1501 USD/ZAR 13.1094 The rates used to convert assets and liabilities at June 22, 2017 for Indonesia Equity Fund were as follows:

USD/IDR 13,327.5004 USD/SGD 1.3901 (f) Total Combined Figures The following Sub-Fund held cross umbrella investments as at June 30, 2017 the market value of which represents 0.08% of the combined net assets. These investments have not been eliminated for presentation purposes of the combined results.

Sub-Fund Cross Umbrella Investment Value USD Global Multi Asset Income Plus Growth Fund Eastspring Investments – Global Emerging 21,920,207 Markets Bond Fund Global Multi Asset Income Plus Growth Fund Eastspring Investments – Global Low Volatility 5,987,366 Equity Fund

249 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

The combined figures* of the SICAV are expressed in USD and are equal to the sum of the net assets of the various activated Sub-Funds translated into USD (where required): (i) at the rates of exchange prevailing in Luxembourg at the Sub-Fund’s relevant valuation dates in the Statement of Net Assets, and

(ii) at the average yearly rates of exchange prevailing in Luxembourg in the statement of operations and changes in net assets. The exchange rate differences resulting from the application of the average exchange rates are reflected under the line “currency translation” in the statement of operations and changes in net assets.

* The combined opening balance was translated in USD using the foreign exchange rate as at June 30, 2017. The same net assets when combined using the foreign exchange rate ruling at December 31, 2016 reflected a figure of USD 29,768,419,694. (g) Dilution

The basis on which the assets of each Sub-Fund are valued for the purposes of calculating the NAV is set out in the Prospectus and in the Articles of Incorporation. The actual cost of purchasing or selling assets and investments for a Sub-Fund may however deviate from the latest available price or net asset value used, as appropriate, in calculating the NAV per Share due to duties, charges and spreads from buying and selling prices of the underlying investments. These costs have an adverse effect on the value of a Sub-Fund and are known as “dilution”.

Shares will in principle be issued, redeemed and converted on the basis of a single price, i.e., the NAV per Share. However, to mitigate the effect of dilution, the NAV per Share may be adjusted for any Valuation Day in the manner set out in the Prospectus depending on whether or not a Sub-Fund has a net subscription position or in a net redemption position which exceeds the established threshold, triggering the price adjustment. Where there is no dealing in a Sub-Fund or Class of a Sub-Fund on any Valuation Day, the applicable price will be the unadjusted NAV per Share. The Board of Directors will retain the discretion in relation to the circumstances under which to make such a price adjustment. As at June 30, 2017, in accordance with the Prospectus “Price Adjustment Policy”, such a dilution adjustment was applied to the Sub-Funds China Equity Fund and Global Technology Fund. This adjustment is recognised on the Combined Statement of Net Assets.

250 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

3. Management Fees During the period, Eastspring Investments (Singapore) Limited (the “Investment Manager”) is entitled to receive a fee payable monthly in arrears as a percentage per annum of the average monthly Net Asset Value of the Sub-Fund during the relevant month. The Management Company collects from the SICAV the amount of fees due to the Investment Manager.

For the period ended June 30, 2017, the Management Fees per class are up to a maximum of 2% as stated in the prospectus.

Maximum Maximum Maximum Maximum Maximum Management Fee Management Fee Management Fee Management Fee Management Fee Sub-Funds Class “A” Shares Class “B” Shares Class “C” Shares Class “D” Shares Class “E” Shares

Asia Pacific Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Asian Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% Asian Dynamic Fund 2.00% 1.20% 1.00% 0.00% 1.25% Asian Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Asian Equity Income Fund 1.50% 0.90% 0.75% 0.00% 1.00% Asian High Yield Bond Fund 1.25% 0.75% 0.625% 0.00% 0.50% Asian Infrastructure Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Asian Local Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% Asian Low Volatility Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Asian Property Securities Fund 1.50% 0.90% 0.75% 0.00% 1.00% China Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Developed and Emerging Asia Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Dragon Peacock Fund 1.75% 1.05% 0.875% 0.00% 1.00% Emerging Europe, Middle East and Africa Dynamic Fund 2.00% 1.20% 1.00% 0.00% 1.25% European Investment Grade Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% Global Bond Navigator Fund 1.25% 0.75% 0.625% 0.00% 0.50% Global Emerging Markets Bond Fund 1.25% 0.75% 0.625% 0.00% 0.50% Global Emerging Markets Customized Equity Fund(1) 1.50% 0.90% 0.75% 0.00% 1.00% Global Emerging Markets Dynamic Fund 2.00% 1.20% 1.00% 0.00% 1.25% Global Equity Navigator Fund 1.50% 0.90% 0.75% 0.00% 1.00% Global Low Volatility Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Global Market Navigator Fund 1.50% 0.90% 0.75% 0.00% 1.00% Global Multi Asset Income Plus Growth Fund 1.50% 0.90% 0.75% 0.00% 1.00% Global Technology Fund 1.75% 1.05% 0.875% 0.00% 1.00% Greater China Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Hong Kong Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% India Discovery Fund 1.50% 0.90% 0.75% 0.00% 1.00% India Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Indonesia Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Japan Dynamic Fund 2.00% 1.20% 1.00% 0.00% 1.25% Japan Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Japan Fundamental Value Fund 1.50% 0.90% 0.75% 0.00% 1.00% Japan Smaller Companies Fund 1.50% 1.05% 0.875% 0.00% 1.00% Latin American Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Malaysia Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% North American Value Fund 1.50% 0.90% 0.75% 0.00% 1.00% Pan European Fund 1.50% 0.90% 0.75% 0.00% 1.00% Philippines Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% Thailand Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00% US Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% US Corporate Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% US Equity Income Fund(2) 1.50% 0.90% 0.75% 0.00% 1.00% US High Investment Grade Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% US High Yield Bond Fund 1.25% 0.75% 0.625% 0.00% 0.50% US Investment Grade Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% US Strategic Income Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% US Total Return Bond Fund 1.25% 0.625% 0.50% 0.00% 0.50% Vietnam Equity Fund 2.00% 1.20% 1.00% 0.00% 1.75% World Value Equity Fund 1.50% 0.90% 0.75% 0.00% 1.00%

(1) Sub-Fund name changed, see Note 1. (2) New Sub-Fund launched, see Note 1.

251 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Maximum Maximum Maximum Maximum Management Fee Management Fee Management Fee Management Fee Sub-Funds Class “F” Shares Class “G” Shares Class “J” Shares Class “R” Shares Asia Pacific Equity Fund 1.00% 1.50% 1.00% 0.75% Asian Bond Fund 0.50% 0.70% 0.50% 0.625% Asian Dynamic Fund 1.25% 2.00% 1.25% 1.00% Asian Equity Fund 1.00% 1.50% 1.00% 0.75% Asian Equity Income Fund 1.00% 1.50% 1.00% 0.75% Asian High Yield Bond Fund 0.625% N/A 0.50% 0.625% Asian Infrastructure Equity Fund 1.00% 1.50% 1.00% 0.75% Asian Local Bond Fund 0.50% 0.70% 0.50% 0.625% Asian Low Volatility Equity Fund 1.00% 1.50% 1.00% 0.75% Asian Property Securities Fund 1.00% 1.50% 1.00% 0.75% China Equity Fund 1.00% 1.50% 1.00% 0.75% Developed and Emerging Asia Equity Fund 1.00% 1.50% 1.00% 0.75% Dragon Peacock Fund N/A 1.75% 1.00% 0.875% Emerging Europe, Middle East and Africa Dynamic Fund 1.25% 2.00% 1.25% 1.00% European Investment Grade Bond Fund 0.50% 0.70% 0.50% 0.625% Global Bond Navigator Fund N/A N/A 0.50% 0.625% Global Emerging Markets Bond Fund 0.625% N/A 0.50% 0.625% Global Emerging Markets Customized Equity Fund(1) 1.00% 1.50% 1.00% 0.75% Global Emerging Markets Dynamic Fund 1.25% 2.00% 1.25% 1.00% Global Equity Navigator Fund 1.00% 1.50% 1.00% 0.75% Global Low Volatility Equity Fund 1.00% 1.50% 1.00% 0.75% Global Market Navigator Fund 1.00% 1.50% 1.00% 0.75% Global Multi Asset Income Plus Growth Fund 1.00% 1.50% 1.00% 0.75% Global Technology Fund N/A N/A 1.00% 0.875% Greater China Equity Fund 1.00% 1.50% 1.00% 0.75% Hong Kong Equity Fund 1.00% 1.50% 1.00% 0.75% India Discovery Fund 1.00% 1.50% 1.00% 0.75% India Equity Fund 1.00% 1.50% 1.00% 0.75% Indonesia Equity Fund 1.00% 1.50% 1.00% 0.75% Japan Dynamic Fund 1.25% 2.00% 1.25% 1.00% Japan Equity Fund 1.00% 1.50% 1.00% 0.75% Japan Fundamental Value Fund 1.00% 1.50% 1.00% 0.75% Japan Smaller Companies Fund N/A N/A 1.00% 0.75% Latin American Equity Fund 1.00% 1.50% 1.00% 0.75% Malaysia Equity Fund 1.00% 1.50% 1.00% 0.75% North American Value Fund 1.00% 1.50% 1.00% 0.75% Pan European Fund 1.00% 1.50% 1.00% 0.75% Philippines Equity Fund 1.00% 1.50% 1.00% 0.75% Thailand Equity Fund 1.00% 1.50% 1.00% 0.75% US Bond Fund 0.50% 0.70% 0.50% 0.625% US Corporate Bond Fund 0.50% 0.70% 0.50% 0.625% US Equity Income Fund(2) 1.00% 1.50% 1.00% 0.75% US High Investment Grade Bond Fund 0.50% 0.70% 0.50% 0.625% US High Yield Bond Fund 0.625% N/A 0.50% 0.625% US Investment Grade Bond Fund 0.50% 0.70% 0.50% 0.625% US Strategic Income Bond Fund 0.50% 0.70% 0.50% 0.625% US Total Return Bond Fund 0.50% 0.70% 0.50% 0.625% Vietnam Equity Fund 1.75% 2.00% 1.75% 1.00% World Value Equity Fund 1.00% 1.50% 1.00% 0.75%

(1) Sub-Fund name changed, see Note 1. (2) New Sub-Fund launched, see Note 1.

4. Administration Fees Eastspring Investments (Singapore) Limited (the “Global Distributor”) is entitled to receive a fee, payable monthly in arrears as a percentage per annum of the average monthly Net Asset Value of the Sub-Fund during the relevant month in consideration of distribution-related services provided to the relevant Sub-Funds. The Management Company collects from the SICAV the amount of fees due to the Global Distributor.

252 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

For the period ended June 30, 2017 the Administration Fees per Class A and R are up to 0.50% and Class F and G are up to 0.20% as stated in the prospectus. 5. Depositary, Central Administration, Registrar and Transfer Agent and Listing Agent Fees The Bank of New York Mellon SA/NV acts as Depositary, Central Administrator, Registrar, Transfer Agent and Listing Agent to the SICAV, and is entitled to receive from the SICAV its customary annual fees, which are payable at the end of each month and charges all rates in accordance with normal banking practices in Luxembourg. The SICAV pays the Depositary safekeeping fees per line of stock per annum and transaction fees based on the number and the location of the transactions. The Management Company collects from the SICAV the amount of fees due to the Central Administration, Registrar and Transfer Agent and Listing Agent, whereas the Depositary receives its fees directly from the SICAV. 6. Tax Status The SICAV is registered under Luxembourg law as an investment company. Accordingly, no Luxembourg income or capital gains tax is at present payable by the SICAV. However, it is subject to an annual “taxe d’abonnement” calculated at an annual rate of 0.05% of the net assets, such tax being payable quarterly and calculated on the basis of the net assets of all Sub-Funds at the end of the relevant quarter. This tax is reduced to 0.01% per annum of the net assets relative to shares reserved to institutional investors. The portion of the net assets invested in undertakings for collective investments already subject to the “taxe d’abonnement” are exempt from this tax. For Austrian residents only: Some share classes of the SICAV are tax transparent in Austria. The list of share classes considered as tax transparent in Austria is available on the website of the Oesterreichische Kontrollbank AG (“OeKB”) at https://www.profitweb.at under section “Liste KESt-Meldefonds”. The Deemed Distribution Income (or “DDI”) or any distribution payments to investors are likely available no later than seven months after year-end of the fund or rather one day before the payment date of distribution. It will be published on the OeKB website upon availability.If the shares are held by individuals and corporations tax resident in Austria and subject to Austrian withholding tax at an Austrian deposit Austrian banks deduct the Austrian withholding tax at investor level. For German residents only: Some share classes of the SICAV are tax transparent in Germany. The share classes considered as tax transparent in Germany are displayed on https://www.bundesanzeiger.de/. The Deemed Distribution Income (or “DDI”) and the distributed income are likely available no later than four months after year-end or distribution decision date, respectively. Both later will be made available on https://www.bundesanzeiger.de/. The daily German tax figures and Accumulated Deemed Distributed Income (or “ADDI”) will be published on www.fundinfo.com and WM-Daten per each Valuation date. Investors are responsible for reporting and disclosing the relevant DDI and distributed income where necessary in their own tax return. For Swiss residents only: Some share classes of the SICAV are tax transparent in Switzerland and are visible on https://www.ictax.admin.ch. The Net Investment Income (“NII”) will be published on the website of the Swiss Federal Tax Administration upon availability at https://www.ictax.admin.ch. Investors are responsible for reporting and disclosing the relevant tax figures and distributed income where necessary in their own tax return. For UK residents only: The United Kingdom Reporting Fund Status (“UK RFS”) has been granted to some share classes of the SICAV. Details of which funds have UK RFS can be found on the HMRC’s website at https://www.gov.uk/government/ publications/offshore-funds-list-of-reporting-funds. This list reflects as well the ceased date when the share classes withdraw from the regime.

Reportable income figures are likely available six months after year end and will be published on the website of the Management Company (www.eastspring.lu) upon availability. 253 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Investors are responsible for reporting and disclosing the relevant excess of reportable income and distributed income where necessary in their own tax return. 7. Audit Fees, Printing, Publication Expenses, Compliance Fee and Other Charges The SICAV bears all its operating expenses, including without limitation the costs of buying and selling securities, governmental charges, legal and auditing fees, interest, printing, reporting and publication expenses, paying agency fees, postage and telephone. Any charges and costs attributable to a specific Sub-Fund will be allocated directly to that Sub-Fund. Any charges and costs that cannot be directly attributable to a specific Sub-Fund will be allocated equally to the various Sub-Funds or, if the amounts so require, they will be allocated to the Sub-Funds in proportion to their respective net assets. The Management Company is entitled to receive from the SICAV on demand reimbursement for its reasonable cash disbursements in the performance of its duties, including but not limited to out-of-pocket expenses. Fees paid out to Directors in consideration of their duties for the period ended June 30, 2017 amounted to EUR 65,000 gross of taxation. Currently, only Independent Directors are remunerated by the SICAV. 8. Registration and Distribution of Sub-Funds A list of countries where the Sub-Funds are registered, notified and distributed for sale is provided in Appendix 2. 9. Risk Management The method used to calculate the global exposure of the Sub-Funds is the commitment approach. The commitment approach is a methodology that aggregates the underlying market or notional values of financial derivative instruments to determine the degree of global exposure of a Fund to financial derivative instruments. 10. Open Future Contracts As at June 30, 2017, the SICAV has the following open futures contracts:

Unrealised Underlying appreciation/ Number of Expiration Exposure (depreciation) Contracts Contract/Description Date USD USD

Asian Local Bond Fund (600) US 10 – Year Note (CBT) September 2017 75,440,400 9,600 75,440,400 9,600

Developed and Emerging Asia Equity Fund 1,515 SGX CNX Nifty July 2017 28,841,055 (137,369) 28,841,055 (137,369) US Bond Fund (10) US 10 – Year Note (CBT) September 2017 1,257,344 2,672 5 US 5 – Year Note (CBT) September 2017 589,883 (754) 1,847,227 1,918

US Corporate Bond Fund (636) US 10 – Year Note (CBT) September 2017 79,967,063 366,906 67 US Long Bond (CBT) September 2017 10,311,719 94,844 870 US 5 – Year Note (CBT) September 2017 102,639,608 (137,178) 192,918,390 324,572 US High Investment Grade Bond Fund (40) US 2 – Year Note (CBT) September 2017 8,648,125 938 (21) US 5 – Year Note (CBT) September 2017 2,477,508 5,602 (16) US Ultra Bond (CBT) September 2017 2,654,500 (31,196) 10 US 10 – Year Note (CBT) September 2017 1,257,344 (625) 15,037,477 (25,281) US Investment Grade Bond Fund (77) US 10 – Year Note (CBT) September 2017 9,681,547 65,360 (18) US 5 – Year Note (CBT) September 2017 2,123,578 4,359 11,805,125 69,719

254 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Underlying appreciation/ Number of Expiration Exposure (depreciation) Contracts Contract/Description Date USD USD

US Strategic Income Bond Fund (30) US 10 – Year Note (CBT) September 2017 3,772,031 11,492 (13) US Ultra Bond (CBT) September 2017 2,156,781 (28,525) 1 US 5 – Year Note (CBT) September 2017 117,977 (320) 1 US 10 – Year Ultra September 2017 135,016 (1,031) 1 US Long Bond (CBT) September 2017 153,906 (2,563) 6,335,711 (20,947) US Total Return Bond Fund (37) US 10 – Year Note (CBT) September 2017 4,652,172 15,750 (19) US 5 – Year Note (CBT) September 2017 2,241,554 3,648 1 US 10 – Year Ultra September 2017 135,016 (1,031) 1 US Ultra Bond (CBT) September 2017 165,906 (656) 10 US Long Bond (CBT) September 2017 1,539,063 8,855 8,733,711 26,566

Unrealised Underlying appreciation/ Number of Expiration Exposure (depreciation) Contracts Contract/Description Date EUR EUR

European Investment Grade Bond Fund (4) Long Gilt September 2017 570,005 10,357 7 Euro Bobl September 2017 921,970 (10,150) 16 Euro Buxl 30 Year Bond September 2017 2,617,600 (67,200) 34 Euro Bund September 2017 5,506,640 (99,750) 255 Euro Schatz September 2017 28,517,925 (75,225) 38,134,140 (241,968)

The net appreciation/(depreciation) attributed to these transactions are included in the Combined Statement of Net Assets. 11. Forward Foreign Exchange Contracts As at June 30, 2017, the SICAV has the following open forward foreign exchange contracts:

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

Asian Bond Fund USD USD 8,544,769 SGD 12,000,000 13/7/2017 HSBC Bank USA (174,556) USD 17,741,695 SGD 25,000,000 15/8/2017 ANZ Bank Plc (433,585) AUD Class Hedges AUD 20,440,279 USD 15,380,751 14/7/2017 BNY Mellon Corp 331,526 USD 2,729,860 AUD 3,639,496 14/7/2017 BNY Mellon Corp (67,794) CHF Class Hedges CHF 2,227 USD 2,230 14/7/2017 BNY Mellon Corp 100 CNH Class Hedges CNY 3,588 USD 518 14/7/2017 BNY Mellon Corp 11 EUR Class Hedges EUR 3,944 USD 4,220 14/7/2017 BNY Mellon Corp 288 GBP Class Hedges GBP 651,711 USD 814,955 14/7/2017 BNY Mellon Corp 30,891 HKD Class Hedges HKD 88,745,413 USD 11,444,667 14/7/2017 BNY Mellon Corp (72,443) NZD Class Hedges NZD 2,066,263 USD 1,453,475 14/7/2017 BNY Mellon Corp 59,882 USD 40,781 NZD 56,531 14/7/2017 BNY Mellon Corp (623)

255 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

SGD Class Hedges SGD 4,670,290 USD 3,357,055 14/7/2017 BNY Mellon Corp 36,479 USD 88,260 SGD 122,595 14/7/2017 BNY Mellon Corp (820) ZAR Class Hedges USD 1,966,481 ZAR 26,356,121 14/7/2017 BNY Mellon Corp (38,842) ZAR 322,743,149 USD 23,102,779 14/7/2017 BNY Mellon Corp 1,455,903 Total net unrealised appreciation 1,126,417

Underlying exposure to forward foreign exchange contracts ANZ Bank Plc 18,162,005 BNY Mellon Corp 62,401,161 HSBC Bank USA 8,717,762

Asian Equity Fund USD AUD Class Hedges AUD 290,272 USD 220,127 14/7/2017 BNY Mellon Corp 3,002 USD 12,099 AUD 16,089 14/7/2017 BNY Mellon Corp (268) NZD Class Hedges NZD 40,563 USD 29,164 14/7/2017 BNY Mellon Corp 545 USD 460 NZD 639 14/7/2017 BNY Mellon Corp (8) ZAR Class Hedges USD 695,082 ZAR 8,980,068 14/7/2017 BNY Mellon Corp 11,372 ZAR 9,017,438 USD 681,900 14/7/2017 BNY Mellon Corp 4,686 Total net unrealised appreciation 19,329

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 1,638,589

Asian Equity Income Fund USD AUD Class Hedges AUD 19,374,156 USD 14,589,847 14/7/2017 BNY Mellon Corp 302,909 USD 1,781,193 AUD 2,371,022 14/7/2017 BNY Mellon Corp (41,392) CNH Class Hedges CNY 3,503 USD 506 14/7/2017 BNY Mellon Corp 10 USD 6 CNY 42 14/7/2017 BNY Mellon Corp – NZD Class Hedges NZD 2,627,285 USD 1,827,549 14/7/2017 BNY Mellon Corp 96,712 USD 339,821 NZD 475,385 14/7/2017 BNY Mellon Corp (8,355) SGD Class Hedges SGD 3,129,465 USD 2,236,109 14/7/2017 BNY Mellon Corp 37,826 USD 522,989 SGD 730,695 14/7/2017 BNY Mellon Corp (7,950) ZAR Class Hedges USD 4,714,191 ZAR 62,215,229 14/7/2017 BNY Mellon Corp (22,843) ZAR 279,989,006 USD 20,280,936 14/7/2017 BNY Mellon Corp 1,039,016 Total net unrealised appreciation 1,395,933

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 47,899,492

Asian High Yield Bond Fund USD USD 2,341,161 SGD 3,250,000 28/8/2017 HSBC Bank USA (22,099) AUD Class Hedges AUD 10,359,505 USD 7,797,889 14/7/2017 BNY Mellon Corp 165,378 USD 347,722 AUD 465,817 14/7/2017 BNY Mellon Corp (10,348) CHF Class Hedges CHF 257,910 USD 258,455 14/7/2017 BNY Mellon Corp 11,386 USD 3,598 CHF 3,532 14/7/2017 BNY Mellon Corp (96) CNH Class Hedges CNY 2,560,464 USD 369,325 14/7/2017 BNY Mellon Corp 7,816 USD 5,463 CNY 37,778 14/7/2017 BNY Mellon Corp (102)

256 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

EUR Class Hedges EUR 2,514 USD 2,689 14/7/2017 BNY Mellon Corp 184 USD 36 EUR 32 14/7/2017 BNY Mellon Corp – NZD Class Hedges NZD 8,670,168 USD 6,030,695 14/7/2017 BNY Mellon Corp 319,458 USD 242,454 NZD 345,913 14/7/2017 BNY Mellon Corp (10,898) SGD Class Hedges SGD 50,071,630 USD 35,787,448 14/7/2017 BNY Mellon Corp 595,651 USD 2,658,574 SGD 3,699,846 14/7/2017 BNY Mellon Corp (29,814) ZAR Class Hedges USD 7 ZAR 92 14/7/2017 BNY Mellon Corp – ZAR 6,822 USD 487 14/7/2017 BNY Mellon Corp 32 Total net unrealised appreciation 1,026,548

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 54,651,114 HSBC Bank USA 2,361,061

Asian Local Bond Fund USD CNY 50,000,000 USD 7,288,630 21/9/2017 HSBC Bank USA 38,193 CNY 50,000,000 USD 7,273,785 22/9/2017 HSBC Bank USA 52,488 HKD 79,345,000 USD 10,000,000 25/1/2018 BNY Mellon Corp 208,508 HKD 79,100,000 USD 10,000,000 26/1/2018 BNY Mellon Corp 177,090 IDR 60,000,000,000 USD 4,491,018 7/8/2017 Westpac Banking Corp (8,551) KRW 5,000,000,000 USD 4,452,360 25/8/2017 Morgan Stanley (79,510) KRW 5,000,000,000 USD 4,443,260 5/9/2017 Morgan Stanley (69,757) KRW 5,000,000,000 USD 4,416,961 5/9/2017 HSBC Bank USA (43,459) PHP 150,000,000 USD 2,974,420 21/9/2017 Westpac Banking Corp (23,093) PHP 150,000,000 USD 2,963,841 22/9/2017 Westpac Banking Corp (12,727) USD 10,185,030 HKD 79,100,000 26/1/2018 Standard Charter Bank Plc 7,940 USD 10,000,000 HKD 77,595,000 25/1/2018 BNP Paribas 16,646 USD 4,333,882 KRW 5,000,000,000 8/9/2017 HSBC Bank USA (39,811) USD 4,422,822 KRW 5,000,000,000 5/9/2017 ING Bank 49,320 USD 4,466,200 KRW 5,000,000,000 5/9/2017 HSBC Bank USA 92,698 USD 4,481,291 KRW 5,000,000,000 25/8/2017 Morgan Stanley 108,440 USD 6,916,427 SGD 9,600,000 27/7/2017 HSBC Bank USA (60,737) USD 5,981,551 SGD 8,300,000 29/9/2017 HSBC Bank USA (56,732) AUD Class Hedges AUD 2,720,881 USD 2,048,550 14/7/2017 BNY Mellon Corp 42,969 USD 148,874 AUD 198,470 14/7/2017 BNY Mellon Corp (3,688) CHF Class Hedges CHF 1,955 USD 1,958 14/7/2017 BNY Mellon Corp 88 CNH Class Hedges CNY 3,372 USD 487 14/7/2017 BNY Mellon Corp 10 EUR Class Hedges EUR 1,990 USD 2,131 14/7/2017 BNY Mellon Corp 144 NZD Class Hedges NZD 6,956 USD 4,865 14/7/2017 BNY Mellon Corp 229 ZAR Class Hedges USD 120,051 ZAR 1,609,903 14/7/2017 BNY Mellon Corp (2,530) ZAR 17,556,278 USD 1,258,087 14/7/2017 BNY Mellon Corp 78,773 Total net unrealised appreciation 472,941

Underlying exposure to forward foreign exchange contracts BNP Paribas 9,940,176 BNY Mellon Corp 24,013,702 HSBC Bank USA 40,855,382 ING Bank 4,370,056 Morgan Stanley 13,110,168 Standard Charter Bank Plc 10,132,971 Westpac Banking Corp 10,447,273

257 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

Asian Low Volatility Equity Fund USD SGD Class Hedges SGD 9,261,564 USD 6,651,341 14/7/2017 BNY Mellon Corp 78,311 USD 768,559 SGD 1,068,771 14/7/2017 BNY Mellon Corp (8,032) Total net unrealised appreciation 70,279

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 7,504,783 China Equity Fund USD AUD Class Hedges AUD 2,704,277 USD 2,033,794 14/7/2017 BNY Mellon Corp 44,962 USD 496,307 AUD 664,726 14/7/2017 BNY Mellon Corp (14,662) CNH Class Hedges CNY 3,827 USD 553 14/7/2017 BNY Mellon Corp 11 USD 25 CNY 170 14/7/2017 BNY Mellon Corp – NZD Class Hedges NZD 293,224 USD 204,781 14/7/2017 BNY Mellon Corp 9,980 USD 12,714 NZD 17,802 14/7/2017 BNY Mellon Corp (325) ZAR Class Hedges USD 1,080,564 ZAR 14,423,956 14/7/2017 BNY Mellon Corp (17,691) ZAR 87,746,430 USD 6,370,777 14/7/2017 BNY Mellon Corp 310,708 Total net unrealised appreciation 332,983

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 10,612,250

European Investment Grade Bond Fund EUR EUR 4,287,890 GBP 3,760,000 7/9/2017 HSBC Bank USA 23,816 EUR 1,725,784 USD 1,950,000 8/9/2017 BNY Mellon Corp 24,916 Total net unrealised appreciation 48,732

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 1,706,783 HSBC Bank USA 4,269,816

Global Emerging Markets Bond Fund USD AUD Class Hedges AUD 4,859,723 USD 3,657,959 14/7/2017 BNY Mellon Corp 77,670 USD 113,614 AUD 150,669 14/7/2017 BNY Mellon Corp (2,204) CNH Class Hedges CNY 3,685 USD 532 14/7/2017 BNY Mellon Corp 11 NZD Class Hedges NZD 628,999 USD 437,510 14/7/2017 BNY Mellon Corp 23,178 USD 11,057 NZD 15,442 14/7/2017 BNY Mellon Corp (253) ZAR Class Hedges USD 574,745 ZAR 7,683,907 14/7/2017 BNY Mellon Corp (10,317) ZAR 189,174,107 USD 13,510,585 14/7/2017 BNY Mellon Corp 894,567 Total net unrealised appreciation 982,652

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 19,341,254

Global Market Navigator Fund USD AUD Class Hedges AUD 114,718 USD 86,346 14/7/2017 BNY Mellon Corp 1,837 USD 12,477 AUD 16,618 14/7/2017 BNY Mellon Corp (297) NZD Class Hedges NZD 1,282 USD 892 14/7/2017 BNY Mellon Corp 47 SGD Class Hedges SGD 1,827,530 USD 1,320,567 14/7/2017 BNY Mellon Corp 7,357 USD 455,962 SGD 631,833 14/7/2017 BNY Mellon Corp (3,142) Total net unrealised appreciation 5,802

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 1,888,591

258 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

India Discovery Fund USD SGD Class Hedges SGD 1,340,835 USD 958,744 14/7/2017 BNY Mellon Corp 15,535 USD 389,991 SGD 545,473 14/7/2017 BNY Mellon Corp (6,361) Total net unrealised appreciation 9,174

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 1,370,366

Japan Dynamic Fund JPY AUD Class Hedges AUD 2,685,390 JPY 222,136,151 14/7/2017 BNY Mellon Corp 9,245,571 JPY 7,764,359 AUD 93,916 14/7/2017 BNY Mellon Corp (327,693) CHF Class Hedges CHF 522 JPY 57,750 14/7/2017 BNY Mellon Corp 3,400 JPY 3,270 CHF 29 14/7/2017 BNY Mellon Corp (117) EUR Class Hedges EUR 2,308,630 JPY 273,688,612 14/7/2017 BNY Mellon Corp 22,111,837 JPY 35,334,669 EUR 289,786 14/7/2017 BNY Mellon Corp (1,795,175) GBP Class Hedges GBP 2,867,709 JPY 398,524,563 14/7/2017 BNY Mellon Corp 18,670,780 JPY 21,165,783 GBP 149,751 14/7/2017 BNY Mellon Corp (619,959) NZD Class Hedges JPY 142,052 NZD 1,852 14/7/2017 BNY Mellon Corp (9,940) NZD 8,661 JPY 665,059 14/7/2017 BNY Mellon Corp 45,921 SGD Class Hedges JPY 2,103,195,690 SGD 26,365,293 14/7/2017 BNY Mellon Corp (44,163,538) SGD 96,626,720 JPY 7,624,555,571 14/7/2017 BNY Mellon Corp 245,370,668 USD Class Hedges JPY 4,060,488,739 USD 36,691,618 14/7/2017 BNY Mellon Corp (52,237,059) JPY 409,873 USD 3,675 5/7/2017 BNY Mellon Corp (2,243) USD 245,454,305 JPY 27,099,509,150 14/7/2017 BNY Mellon Corp 413,241,312 ZAR Class Hedges JPY 62,552,161 ZAR 7,436,669 14/7/2017 BNY Mellon Corp (916,476) ZAR 11,470,666 JPY 93,168,662 14/7/2017 BNY Mellon Corp 4,736,065 Total net unrealised appreciation 613,353,354

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 42,874,257,323

Japan Equity Fund JPY AUD Class Hedges AUD 13,474 JPY 1,119,855 14/7/2017 BNY Mellon Corp 41,123 JPY 752,276 AUD 9,085 14/7/2017 BNY Mellon Corp (30,519) NZD Class Hedges JPY 1,595 NZD 21 14/7/2017 BNY Mellon Corp (82) NZD 536 JPY 41,218 14/7/2017 BNY Mellon Corp 2,793 USD Class Hedges JPY 28,379,227 USD 257,907 14/7/2017 BNY Mellon Corp (529,413) USD 4,613,067 JPY 509,274,564 14/7/2017 BNY Mellon Corp 7,800,010 ZAR Class Hedges JPY 861,272 ZAR 103,459 14/7/2017 BNY Mellon Corp (21,728) ZAR 2,281,080 JPY 18,093,125 14/7/2017 BNY Mellon Corp 1,377,426 Total net unrealised appreciation 8,639,610

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 569,688,986

259 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

Japan Fundamental Value Fund JPY CHF Class Hedges CHF 503 JPY 55,722 14/7/2017 BNY Mellon Corp 3,283 JPY 2,974 CHF 27 14/7/2017 BNY Mellon Corp (117) Total net unrealised appreciation 3,166

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 62,332

North America Value Fund USD AUD Class Hedges AUD 441,430 USD 332,230 14/7/2017 BNY Mellon Corp 7,094 USD 301,243 AUD 400,600 14/7/2017 BNY Mellon Corp (6,695) NZD Class Hedges NZD 4,284 USD 2,995 14/7/2017 BNY Mellon Corp 142 USD 123 NZD 176 14/7/2017 BNY Mellon Corp (5) ZAR Class Hedges USD 228,257 ZAR 3,083,983 14/7/2017 BNY Mellon Corp (6,566) ZAR 4,877,295 USD 348,375 14/7/2017 BNY Mellon Corp 23,021 Total net unrealised appreciation 16,991

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 1,257,929

US Bond Fund USD AUD Class Hedges AUD 11,573,630 USD 8,711,028 14/7/2017 BNY Mellon Corp 185,529 USD 3,240,622 AUD 4,288,082 14/7/2017 BNY Mellon Corp (55,590) Total net unrealised appreciation 129,939

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 12,194,750

US Corporate Bond Fund USD AUD Class Hedges AUD 6,223,049 USD 4,686,203 14/7/2017 BNY Mellon Corp 97,404 USD 604,354 AUD 803,839 14/7/2017 BNY Mellon Corp (13,550) CHF Class Hedges CHF 534,778 USD 535,592 14/7/2017 BNY Mellon Corp 23,925 CNH Class Hedges CNY 3,588 USD 518 14/7/2017 BNY Mellon Corp 11 USD 7 CNY 47 14/7/2017 BNY Mellon Corp – EUR Class Hedges EUR 49,386,620 USD 55,099,388 14/7/2017 BNY Mellon Corp 1,354,078 USD 451,943 EUR 401,704 14/7/2017 BNY Mellon Corp (7,244) GBP Class Hedges GBP 288,000,117 USD 368,328,460 14/7/2017 BNY Mellon Corp 5,465,380 USD 1,532,962 GBP 1,188,922 14/7/2017 BNY Mellon Corp (10,137) NZD Class Hedges NZD 69,100 USD 48,039 14/7/2017 BNY Mellon Corp 2,571 USD 444 NZD 615 14/7/2017 BNY Mellon Corp (7) SGD Class Hedges SGD 49,246 USD 35,154 14/7/2017 BNY Mellon Corp 629 USD 1,855 SGD 2,582 14/7/2017 BNY Mellon Corp (22) ZAR Class Hedges USD 821,188 ZAR 10,819,186 14/7/2017 BNY Mellon Corp (2,576) ZAR 90,414,330 USD 6,478,301 14/7/2017 BNY Mellon Corp 406,492 Total net unrealised appreciation 7,316,954

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 445,883,516

260 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

Unrealised Amount Amount appreciation/ Currency Purchased Currency Sold Maturity Counterparty (depreciation)

US High Yield Bond Fund USD AUD Class Hedges AUD 243,757,761 USD 183,486,926 14/7/2017 BNY Mellon Corp 3,887,685 USD 15,643,116 AUD 20,946,921 14/7/2017 BNY Mellon Corp (458,628) CHF Class Hedges CHF 1,068 USD 1,069 14/7/2017 BNY Mellon Corp 48 CNH Class Hedges CNY 3,471 USD 501 14/7/2017 BNY Mellon Corp 10 USD 6 CNY 44 14/7/2017 BNY Mellon Corp – NZD Class Hedges NZD 10,574,777 USD 7,368,151 14/7/2017 BNY Mellon Corp 376,962 USD 924,501 NZD 1,315,163 14/7/2017 BNY Mellon Corp (38,741) ZAR Class Hedges USD 25,129,251 ZAR 333,472,834 14/7/2017 BNY Mellon Corp (261,446) ZAR 5,928,465,012 USD 423,906,839 14/7/2017 BNY Mellon Corp 27,530,493 Total net unrealised appreciation 31,036,383

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 689,888,748

US Investment Grade Bond USD AUD Class Hedges AUD 7,651,445 USD 5,758,278 14/7/2017 BNY Mellon Corp 123,326 USD 562,615 AUD 748,602 14/7/2017 BNY Mellon Corp (12,830) CHF Class Hedges CHF 26,883 USD 26,924 14/7/2017 BNY Mellon Corp 1,203 EUR Class Hedges EUR 2,258 USD 2,417 14/7/2017 BNY Mellon Corp 163 JPY Class Hedges JPY 238,532,101 USD 2,162,167 14/7/2017 BNY Mellon Corp (34,077) USD 1,813 JPY 200,000 14/7/2017 BNY Mellon Corp 29 ZAR Class Hedges USD 60,184 ZAR 779,957 14/7/2017 BNY Mellon Corp 801 ZAR 15,729,323 USD 1,123,843 14/7/2017 BNY Mellon Corp 73,907 Total net unrealised appreciation 152,522

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 9,877,007

World Value Equity Fund USD AUD Class Hedges AUD 21,604,242 USD 16,258,791 14/7/2017 BNY Mellon Corp 348,215 USD 7,745,593 AUD 10,394,327 14/7/2017 BNY Mellon Corp (244,452) NZD Class Hedges NZD 1,384,833 USD 963,005 14/7/2017 BNY Mellon Corp 51,266 USD 110,235 NZD 158,040 14/7/2017 BNY Mellon Corp (5,516) SGD Class Hedges SGD 3,249 USD 2,320 14/7/2017 BNY Mellon Corp 41 USD 75 SGD 104 14/7/2017 BNY Mellon Corp (1) ZAR Class Hedges USD 1,167,646 ZAR 15,692,609 14/7/2017 BNY Mellon Corp (27,221) ZAR 53,304,329 USD 3,857,577 14/7/2017 BNY Mellon Corp 201,322 Total net unrealised appreciation 323,654

Underlying exposure to forward foreign exchange contracts BNY Mellon Corp 30,996,866

The net unrealised appreciation/(depreciation) attributed to these transactions are included in the Combined Statement of Net Assets.

261 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

12. Credit Default Swaps As at June 30, 2017, the SICAV has the following credit default swaps contracts:

Purchase/Sale Deal Expiry Nominal Unrealised Market of protection Description Counterparty Spread Date Value depreciation Value

US High Investment Grade Bond Fund USD Purchase CDX.NA.IG.27 JP Morgan 1.00% 20/12/2021 14,000,000 (124,434) (281,330) Purchase CDX.NA.IG.28 JP Morgan 1.00% 20/06/2022 5,000,000 (18,463) (90,191) Total unrealised depreciation on credit default swaps (142,897) (371,521) Total unrealised depreciation on credit default swaps (142,897) (371,521)

The credit default swaps are marked to market daily based upon quotations from market makers and recorded in the Combined Statement of Net Assets. The SICAV has entered into swap agreements to exchange the return generated by one instrument for the return generated by another investment. In the case of credit default swaps, a series of premiums is paid to the seller of the protection, in return for a payment contingent on a credit event (predefined in the agreement). Where possible, swaps are marked to market based upon daily prices obtained from third party pricing agents and verified against the actual market maker. Where such quotations are not available, swaps are priced based upon daily quotations from the market maker. In both cases, changes in quotations are recorded as net change in unrealised appreciation/ (depreciation) in the Combined Statement of Operations and Changes in Net Assets. Realised gains or losses on maturity or termination of the swaps and the interest earned or incurred in relation to the swaps are presented in the Combined Statement of Operations and Changes in Net Assets. 13. Securities Lending As at June 30, 2017 the SICAV had no securities on loan. The Management Company will, for and on behalf of the SICAV and each Sub-Fund for the time being, not enter into repurchase and reverse repurchase transactions nor engage in securities lending transactions. Should the Management Company decide to use such techniques and instruments in the future, this can be done so at the Management Company’s discretion and the Prospectus will be updated accordingly thereafter. 14. Soft Commission The Investment Manager and, where applicable, the Investment Sub-Managers of any Sub-Fund (together, the “Relevant Parties”) may be entitled to receive and/or enter into soft-dollar commissions/arrangements in respect of the SICAV or the Sub-Funds (as the case may be). The Relevant Parties will comply with applicable regulatory and industry standards on soft-dollars. The soft-dollar commissions/arrangements shall include specific advice as to the advisability of dealing in, or as to the value of any investments, research and advisory services, economic and political analyses, portfolio analyses including valuation and performance measurements, market analyses data and quotation services, computer hardware and software or any other information facilities to the extent that they are used to support the investment decision making process, the giving of advice, the conduct of research or analysis, or analysis of trade execution, and custodial service in relation to the investments managed for clients.

Soft-dollar commissions/arrangements shall not include travel, accommodation, entertainment, general administrative goods and services, general office equipment or premises, membership fees, employees’ salaries or direct money payment.

Based on the available soft-dollar commission levels available at each broker, the Relevant Parties will instruct the brokers to pay the vendors the permitted softable costs, based on the percentage of trades attributable to the SICAV. 15. Transactions with Connected Persons Certain Directors of the SICAV are or may also be officers and/or directors of one or more of the Investment Manager or the Investment Sub-Managers of the SICAV. During the period, one of the Directors of the SICAV has been holding shares in various Sub-Funds of the SICAV. Any potential conflict of interest in this respect is being disclosed and monitored under Management Company’s conflicts of interest policy, which also applies to SICAV Board members. The SICAV has entered into, via the Management Company, agreements and arrangements with the Investment Manager and Global Distributor, who is considered a connected person, under which Management fees and Administrative Fees are payable.

262 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued)

The Management Fees that are paid by the SICAV to the Investment Managers, via the Management Company, are detailed in note 3 to the financial statements. The Administration Fees that are paid by the SICAV to the Global Distributor, via the Management Company, are detailed in note 4 to the financial statements. No transactions of the SICAV were effected through a broker who is a connected person of the Company, the Investment Manager or the Directors of the SICAV. All transactions with connected parties were entered into in the ordinary course of business and under normal commercial terms. 16. Transaction Costs The Sub-Funds incurred transaction costs from January 1, 2017 to June 30, 2017 and these relate to the purchase or sale of transferable securities, derivatives or other eligible assets. These transaction costs include amounts that are also included in the Combined Statement of Operations and Changes in Net Assets under transaction fees. Transaction costs include commission costs, settlement fees, broker fees and depositary transaction fees. The transaction costs incurred are as follows:

Sub-Funds Transaction Costs

Asia Pacific Equity Fund USD 1,713,403 Asian Bond Fund USD 9,170 Asian Dynamic Fund USD 319,262 Asian Equity Fund USD 275,256 Asian Equity Income Fund USD 1,165,873 Asian High Yield Bond Fund USD 8,519 Asian Infrastructure Equity Fund USD 72,869 Asian Local Bond Fund USD 31,153 Asian Low Volatility Equity Fund USD 224,274 Asian Property Securities Fund USD 18,915 China Equity Fund USD 441,752 Developed and Emerging Asia Equity Fund USD 2,302,912 Dragon Peacock Fund USD 178,276 Emerging Europe, Middle East and Africa Dynamic Fund USD 481,081 European Investment Grade Bond Fund EUR 12,392 Global Bond Navigator Fund USD 6,763 Global Emerging Markets Bond Fund USD 6,739 Global Emerging Markets Customized Equity Fund(1) USD 2,037,966 Global Emerging Markets Dynamic Fund USD 3,081,276 Global Equity Navigator Fund USD 233,398 Global Low Volatility Equity Fund USD 69,675 Global Market Navigator Fund USD 255,990 Global Multi Asset Income Plus Growth Fund USD 131,023 Global Technology Fund USD 43,927 Greater China Equity Fund USD 202,124 Hong Kong Equity Fund USD 1,156,479 India Discovery Fund USD 17,879 India Equity Fund USD 250,202 Indonesia Equity Fund USD 319,714 Japan Dynamic Fund JPY 180,068,350 Japan Equity Fund JPY 21,252,019 Japan Fundamental Value Fund JPY 29,822,475 Japan Smaller Companies Fund JPY 29,879,975 Latin American Equity Fund USD 156,408 Malaysia Equity Fund USD 12,884 North American Value Fund USD 399,246 Pan European Fund USD 31,298 Philippines Equity Fund USD 243,627 Thailand Equity Fund USD 16,017 US Bond Fund USD 7,452 US Corporate Bond Fund USD 30,581 US Equity Income Fund(2) USD 17,701 US High Investment Grade Bond Fund USD 4,119 US High Yield Bond Fund USD 6,534 US Investment Grade Bond Fund USD 9,037 US Strategic Income Bond Fund USD 7,868 US Total Return Bond Fund USD 9,005 Vietnam Equity Fund USD 6,503 World Value Equity Fund USD 219,151 (1) Sub-Fund changed its name, see Note 1. (2) New Sub-fund launched, see Note 1.

17. Dividend and Income Distribution Distributions of interim dividends are at the discretion of the Board of Directors and there is no guarantee that any distribution will be made and if distributions are made, such distributions are not in any way a forecast, indication or projection of the future or likely performance/distribution of the Sub-Fund(s). The making of any distributions shall not

263 EASTSPRING INVESTMENTS

Notes to the Financial Statements as at June 30, 2017 (continued) be taken to imply that further distributions will be made. The Board of Directors may also vary the frequency and/or amount of the distributions made. When distributions are declared and paid out with respect to the Sub-Fund(s), the net assets attributable to the Shares will stand reduced by an amount equivalent to the product of the number of Shares outstanding and distribution amount declared per Share. The distribution amount may be sourced from gross income, net realized capital gains and from capital from time to time. When dividends are paid out of gross income, all or part of the Sub-Fund’s fees and expenses are effectively charged to the capital. The Board of Directors may amend the distribution policy and by giving not less than one month’s notice to investors. The Board of Directors may in future review the distribution amount depending on prevailing market conditions, dividend payout of the underlying stocks and dividend policy of the SICAV. Distribution payments shall, subject to determination by the Directors, be made out of either (a) income; or (b) net capital gains; or (c) capital of the Fund or a combination of (a) and/or (b) and/or (c). For the launch of a new Class of Share, the first distribution will usually be declared after the Class of Share has been launched for a full period i.e. a full calendar month for a monthly distributing Class of Share, a full quarter for a quarterly distributing Class of Share. For capital distributing Classes of Shares with subscripts D followed by C1, C2 or C3, the Classes of Shares may declare a stable rate or amount of distribution. The Board of Directors may determine if and to what extent dividends paid include realised capital gains and/or capital. The Board of Directors may at its discretion pay dividends out of the capital of a Sub-Fund or pay dividends out of gross income while charging/paying all or part of a Sub-Fund’s fees and expenses to/out of the capital of the relevant Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund. Therefore, the Sub-Fund may effectively pay dividends out of capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of a Sub-Fund’s capital may result in an immediate reduction of the Net Asset Value per share. However, the payment of distributions will never result in the net assets of the SICAV falling below the legal minimum of € 1,250,000. An income equalisation amount may be calculated so that the distribution of dividends corresponds to the actual entitlement. 18. Significant Events During the Period Effective April 1, 2017, BNY Mellon has merged its legal entity The Bank of New York Mellon (Luxembourg) S.A., into The Bank of New York Mellon SA/NV. US Equity Income Fund was launched on May 8, 2017. 19. Significant Events After Period End Asian Smaller Companies Fund was launched on August 2, 2017.

There were no other significant events after the period end.

264 Appendices

EASTSPRING INVESTMENTS

Appendix 1

The following share classes were launched during the period:

Sub-Fund Class of Share Launch Date

Asian Bond Fund Class CS (hedged) April 28, 2017 Asian Low Volatility Equity Fund Class C February 1, 2017

Asian Low Volatility Equity Fund Class AS June 30, 2017

Asian Low Volatility Equity Fund Class AS (hedged) June 30, 2017 Global Emerging Markets Dynamic Fund Class C February 1, 2017 Global Low Volatility Equity Fund Class A March 27, 2017

Global Low Volatility Equity Fund Class ADMC1 March 27, 2017

Global Market Navigator Fund Class AS April 5, 2017

Global Market Navigator Fund Class AS (hedged) April 5, 2017 Global Multi Asset Income Plus Growth Fund Class A June 30, 2017 Japan Fundamental Value Fund Class C February 1, 2017 Japan Fundamental Value Fund Class A June 30, 2017 Japan Smaller Companies Fund Class C February 1, 2017

US Corporate Bond Fund Class CGDY (hedged) March 6, 2017 (1) US Equity Income Fund Class EGDM May 8, 2017 US Equity Income Fund(1) Class A June 30, 2017 US Strategic Income Bond Fund Class A June 30, 2017 US Total Return Bond Fund Class A June 30, 2017

(1) New Sub-Fund launched, see Note 1.

265 EASTSPRING INVESTMENTS

Appendix 2

The following tables list the Sub-Funds registered or notified for sale in Austria, Belgium, Chile, Denmark, Finland, France, Germany, Hong Kong, Italy, Luxembourg, Macau, Netherlands, Norway, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, United Arab Emirates (UAE) and the United Kingdom. Registration, Notification or Distribution of Sub-Funds

Luxembourg Austria Belgium

Asia Pacific Equity Fund Asian Bond Fund Asian Bond Fund Asian Bond Fund Japan Dynamic Fund Japan Dynamic Fund Asian Dynamic Fund Japan Fundamental Value Fund Japan Fundamental Value Fund Asian Equity Fund US Corporate Bond Fund US Corporate Bond Fund Asian Equity Income Fund Asian High Yield Bond Fund Asian Infrastructure Equity Fund Asian Local Bond Fund Asian Low Volatility Equity Fund Asian Property Securities Fund China Equity Fund Developed and Emerging Asia Equity Fund Dragon Peacock Fund Emerging Europe, Middle East and Africa Dynamic Fund European Investment Grade Bond Fund Global Bond Navigator Fund Global Emerging Markets Bond Fund Global Emerging Markets Customized Equity Fund (1) Global Emerging Markets Dynamic Fund Global Equity Navigator Fund Global Low Volatility Equity Fund Global Market Navigator Fund Global Multi Asset Income Plus Growth Fund Global Technology Fund Greater China Equity Fund Hong Kong Equity Fund India Discovery Fund India Equity Fund Indonesia Equity Fund Japan Dynamic Fund Japan Equity Fund Japan Fundamental Value Fund Japan Smaller Companies Fund Latin American Equity Fund Malaysia Equity Fund North American Value Fund Pan European Fund Philippines Equity Fund Thailand Equity Fund US Bond Fund US Corporate Bond Fund US Equity Income Fund(2) US High Investment Grade Bond Fund US High Yield Bond Fund US Investment Grade Bond Fund US Strategic Income Bond Fund US Total Return Bond Fund Vietnam Equity Fund World Value Equity Fund

(1) Sub-Fund name changed, see Note 1. (2) Sub-Fund launched, see Note 1.

266 EASTSPRING INVESTMENTS

Appendix 2

Registration, Notification or Distribution of Sub-Funds (continued)

Chile Denmark Finland

Asian Equity Fund China Equity Fund Asian Low Volatility Equity Fund Asian Equity Income Fund China Equity Fund China Equity Fund Global Emerging Markets Dynamic Fund India Equity Fund Japan Dynamic Fund Indonesia Equity Fund Japan Smaller Companies Fund Japan Dynamic Fund US Corporate Bond Fund US Corporate Bond Fund

France Germany Hong Kong

Asian Bond Fund Asian Bond Fund Asian Bond Fund Asian Equity Income Fund Asian High Yield Bond Fund Asian Equity Fund Asian High Yield Bond Fund Japan Dynamic Fund Asian Equity Income Fund Asian Low Volatility Equity Fund Japan Fundamental Value Fund Asian High Yield Bond Fund China Equity Fund US Corporate Bond Fund Asian Local Bond Fund Global Emerging Markets Dynamic Fund Asian Property Securities Fund India Discovery Fund China Equity Fund India Equity Fund Dragon Peacock Fund Japan Dynamic Fund European Investment Grade Bond Fund Japan Fundamental Value Fund Global Emerging Markets Dynamic Fund Japan Smaller Companies Fund Global Market Navigator Fund US Corporate Bond Fund Greater China Equity Fund US Investment Grade Bond Fund Hong Kong Equity Fund India Equity Fund Indonesia Equity Fund Japan Dynamic Fund North American Value Fund US Corporate Bond Fund US High Investment Grade Bond Fund US High Yield Bond Fund US Investment Grade Bond Fund World Value Equity Fund

Italy Macau Netherlands

Asian Bond Fund Asian Bond Fund Asian Bond Fund Japan Dynamic Fund Asian Equity Fund Japan Dynamic Fund Japan Fundamental Value Fund Asian Equity Income Fund Japan Fundamental Value Fund US Corporate Bond Fund Asian High Yield Bond Fund US Corporate Bond Fund Asian Local Bond Fund Asian Property Securities Fund China Equity Fund Dragon Peacock Fund European Investment Grade Bond Fund Global Emerging Markets Dynamic Fund Global Market Navigator Fund Greater China Equity Fund Hong Kong Equity Fund India Equity Fund Indonesia Equity Fund Japan Dynamic Fund North American Value Fund US Corporate Bond Fund US High Investment Grade Bond Fund US High Yield Bond Fund US Investment Grade Bond Fund World Value Equity Fund

267 EASTSPRING INVESTMENTS

Appendix 2

Registration, Notification or Distribution of Sub-Funds (continued)

Norway Singapore South Korea

Asian Low Volatility Equity Fund Asian Bond Fund Asia Pacific Equity Fund China Equity Fund Asian Dynamic Fund Asian Bond Fund Global Emerging Markets Dynamic Fund Asian Equity Fund Asian Dynamic Fund Japan Dynamic Fund Asian Equity Income Fund Asian Equity Fund Japan Smaller Companies Fund Asian High Yield Bond Fund Asian Equity Income Fund US Corporate Bond Fund Asian Infrastructure Equity Fund Asian High Yield Bond Fund Asian Local Bond Fund Asian Infrastructure Equity Fund Asian Low Volatility Equity Fund Asian Local Bond Fund Asian Property Securities Fund Asian Property Securities Fund China Equity Fund China Equity Fund Global Emerging Markets Dynamic Fund Dragon Peacock Fund Global Low Volatility Equity Fund Emerging Europe, Middle East Global Market Navigator Fund and Africa Dynamic Fund Global Multi Asset Income Plus Growth Fund Global Bond Navigator Fund Global Technology Fund Global Emerging Markets Bond Fund Greater China Equity Fund Global Emerging Markets Dynamic Fund India Discovery Fund Global Market Navigator Fund India Equity Fund Greater China Equity Fund Indonesia Equity Fund India Equity Fund Japan Dynamic Fund Indonesia Equity Fund Japan Equity Fund Japan Dynamic Fund Japan Fundamental Value Fund Japan Equity Fund Japan Smaller Companies Fund Latin American Equity Fund North American Value Fund North American Value Fund Pan European Fund US Bond Fund Philippines Equity Fund US Corporate Bond Fund US Corporate Bond Fund US High Yield Bond Fund US High Investment Grade Bond Fund US Investment Grade Bond Fund US High Yield Bond Fund US Investment Grade Bond Fund US Strategic Income Bond Fund World Value Equity Fund

Spain Sweden Switzerland

Asian Bond Fund Asian Low Volatility Equity Fund Asian Bond Fund Japan Dynamic Fund China Equity Fund Asian Dynamic Fund Japan Fundamental Value Fund Global Emerging Markets Dynamic Fund Asian Equity Income Fund US Corporate Bond Fund India Discovery Fund Asian High Yield Bond Fund Japan Dynamic Fund Asian Local Bond Fund Japan Smaller Companies Fund Asian Low Volatility Equity Fund US Corporate Bond Fund China Equity Fund Global Emerging Markets Dynamic Fund India Discovery Fund India Equity Fund Indonesia Equity Fund Japan Dynamic Fund Japan Fundamental Value Fund Japan Smaller Companies Fund US Corporate Bond Fund US High Yield Bond Fund US Investment Grade Bond Fund

268 EASTSPRING INVESTMENTS

Appendix 2

Registration, Notification or Distribution of Sub-Funds (continued)

Taiwan UAE United Kingdom

Asia Pacific Equity Fund Asian Bond Fund Asian Bond Fund Asian Bond Fund Asian Equity Fund Asian Dynamic Fund Asian Dynamic Fund Asian Infrastructure Equity Fund Asian Equity Income Fund Asian Equity Fund Dragon Peacock Fund Asian High Yield Bond Fund Asian Equity Income Fund Indonesia Equity Fund Asian Local Bond Fund Asian Infrastructure Equity Fund Japan Dynamic Fund Asian Low Volatility Equity Fund Asian Local Bond Fund US High Yield Bond Fund China Equity Fund China Equity Fund Global Emerging Markets Dynamic Fund Dragon Peacock Fund India Discovery Fund European Investment Grade Bond Fund India Equity Fund Global Emerging Markets Bond Fund Indonesia Equity Fund Global Emerging Markets Dynamic Fund Japan Dynamic Fund Global Low Volatility Equity Fund Japan Fundamental Value Fund Global Technology Fund Japan Smaller Companies Fund Greater China Equity Fund US Corporate Bond Fund Hong Kong Equity Fund US High Yield Bond Fund India Equity Fund US Investment Grade Bond Fund Indonesia Equity Fund Japan Dynamic Fund Japan Equity Fund Latin American Equity Fund North American Value Fund Pan European Fund Thailand Equity Fund US Bond Fund US Corporate Bond Fund US High Investment Grade Bond Fund US High Yield Bond Fund US Investment Grade Bond Fund World Value Equity Fund

269 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Asia Pacific Equity Fund (Reference Index**: MSCI AC Asia Pacific ex-Japan Index Class A 18.5 19.8 5.7 6.8 (18.4) (9.4) Class D 19.6 19.8 7.9 6.8 (16.8) (9.4)

Asian Bond Fund (Reference Index**: JP Morgan Asia Credit Index) Class A 3.1 3.8 4.5 5.8 1.0 2.8

Class AADM (hedged) 3.4 4.2 5.7 7.0 3.2 5.1

Class ADM 3.1 3.8 4.5 5.8 0.9 2.8

Class ADQ 3.1 3.8 4.6 5.8 0.9 2.8

Class AE (hedged) 2.2 2.9 3.1 4.2 0.6 2.4

Class AEDM (hedged) 2.2 2.9 3.1 4.2 0.6 2.4

Class AF (hedged) 1.9 2.6 2.5 3.6 (0.6) 1.2

Class AFDM (hedged) 1.9 2.6 2.5 3.6 (0.6) 1.2

Class AGDM (hedged) 2.6 3.3 4.4 5.5 1.1 3.0

Class AH (hedged) 2.8 3.5 4.2 5.5 (0.1) 1.0

Class AHDM 3.8 4.5 4.6 5.9 0.9 2.7

Class ANDM (hedged) 3.5 4.3 6.1 7.6 4.4 6.2

Class ARDMC1 (hedged) 5.9 – 7.1 – 4.4 –

Class AS (1.8) (1.1) 6.7 7.8 8.0 10.1

Class AS (hedged) 3.0 3.6 4.6 6.0 0.2 1.7

Class ASDM (1.7) (1.1) 6.7 7.8 5.2 6.5

Class ASDM (hedged) 3.0 3.6 4.7 6.0 0.0 1.1

Class AZ (hedged) 6.2 7.2 11.3 13.5 7.4 9.4

Class AZDM (hedged) 6.2 7.2 11.3 13.5 7.4 9.4 Class B 3.6 3.8 5.5 5.8 1.9 2.8

Class BDM 3.6 3.8 5.4 5.8 0.0 0.6 Class C 3.6 3.8 5.6 5.8 2.0 2.8

Class CS (hedged)* 0.6 0.6 – – – – Class D 3.9 3.8 6.2 5.8 2.5 2.8

Class DH (hedged) 3.6 3.5 5.8 5.5 (0.1) 0.1 Class E 3.9 3.8 0.4 0.2 – –

Class EDY 3.9 3.8 6.2 5.8 2.5 2.8 Class R 3.4 3.8 5.2 5.8 1.6 2.8

Class RDM 3.4 3.8 5.3 5.8 1.6 2.8

Class RE (hedged) 2.5 2.9 3.7 4.2 1.3 2.4

Class REDM (hedged) 2.5 2.9 3.7 4.2 (0.1) 0.7

Class RG (hedged) 2.9 3.3 5.1 5.5 0.3 1.1

Class RGDM (hedged) 2.9 3.3 5.0 5.5 0.3 1.1

Asian Dynamic Fund (Reference Index**: MSCI AC Asia ex Japan Index) Class A 19.2 22.8 6.5 5.4 (21.6) (9.2) Class B 20.1 22.8 8.0 5.4 (20.5) (9.2) Class C 20.1 22.8 8.1 5.4 (20.5) (9.2) Class D 20.7 22.8 9.2 5.4 (19.6) (9.2) Class R 19.8 22.8 7.6 5.4 (20.8) (9.2)

Asian Equity Fund (Reference Index**: MSCI AC Asia ex Japan Index) Class A 20.6 22.8 3.9 5.4 (17.3) (9.2)

Class AADMC1 (hedged) 20.8 – 4.3 – (16.5) –

Class ADMC1 20.7 22.8 3.9 5.4 (17.3) (9.2)

Class ANDMC1 (hedged) 19.9 – 4.9 – (16.2) –

Class AS 15.0 17.0 5.9 7.4 (11.5) (2.8)

Class AZDMC1 (hedged) 19.8 – 7.7 – (13.4) – Class B 21.3 22.8 5.2 5.4 (16.3) (9.2) Class C 21.4 22.8 5.2 5.4 (16.2) (9.2) Class D 21.9 22.8 6.0 5.4 (15.6) (9.2) Class E 21.7 22.8 5.7 5.4 (15.9) (9.2) Class J – – 5.7 5.4 (15.9) (9.2)

* New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. 270 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Asian Equity Income Fund (Reference Index**: MSCI AC Asia Pacific ex-Japan Index) Class A 14.3 19.8 6.6 6.8 (12.9) (9.4)

Class AADM (hedged) 14.4 19.9 7.0 6.8 (11.4) (8.3)

Class AADMC1 (hedged) 14.4 19.9 6.9 6.8 (11.4) (8.3)

Class ADM 14.3 19.8 6.6 6.8 (12.9) (9.4)

Class ADMC1 14.3 19.8 6.6 6.8 (12.9) (9.4)

Class ANDMC1 (hedged) 14.7 – 7.8 – (11.3) –

Class ARDMC1 (hedged) 17.3 – 8.6 – (10.2) –

Class AS 8.9 14.2 8.7 8.7 (6.8) (3.0)

Class AS (hedged) 14.1 19.4 6.2 6.5 (12.8) (9.1)

Class ASDM 8.9 14.2 8.7 8.7 (6.9) (3.0)

Class AZDMC1 (hedged) 16.9 – 10.3 – (8.4) – Class B 14.7 19.8 7.3 6.8 (12.3) (9.4) Class C 14.7 19.8 7.4 6.8 (12.2) (9.4) Class D 15.2 19.8 8.2 6.8 (11.6) (9.4)

Class DDH 15.2 19.8 8.2 6.8 (11.6) (9.4) Class R 14.8 19.8 7.4 6.8 (12.2) (9.4)

Asian High Yield Bond Fund (Reference Index**: JACI Non-Investment Grade Index) Class A 2.2 3.7 11.0 11.2 2.3 5.2

Class AADM (hedged) 2.5 4.0 12.1 12.4 4.4 7.3

Class AADMC1 (hedged) 2.5 4.0 12.1 12.4 4.4 7.3

Class ADM 2.2 3.7 11.1 11.2 2.3 5.2

Class ADMC1 2.2 3.7 11.0 11.2 2.4 5.2

Class AE (hedged) 1.4 2.8 9.7 9.6 1.9 4.7

Class AF (hedged) 1.1 2.5 9.1 8.9 0.1 3.6

Class AFDM (hedged) 1.1 2.5 9.1 8.9 0.1 3.6

Class ANDM (hedged) 2.6 4.3 12.5 13.0 5.6 8.4

Class ANDMC1 (hedged) 2.6 4.3 12.5 13.0 5.6 8.4

Class ARDMC1 (hedged) 5.5 – 13.6 – 5.8 –

Class ASDM (2.6) (1.2) 13.3 13.3 9.4 12.6

Class ASDM (hedged) 2.1 3.5 11.2 11.4 2.7 6.2

Class AZDMC1 (hedged) 5.3 – 17.9 – 8.6 – Class B 2.7 3.7 12.0 11.2 3.2 5.2 Class C 2.7 3.7 12.1 11.2 2.7 5.2 Class D 3.0 3.7 12.8 11.2 3.8 5.2 Class R 2.5 3.7 11.9 11.2 3.1 5.2

Class RE (hedged) 1.7 2.8 10.4 9.6 2.6 4.7

Asian Infrastructure Equity Fund (Reference Index**: MSCI AC Asia ex Japan Custom Index) Class A 12.0 14.4 3.5 5.1 (13.0) (10.2) Class C 12.8 14.4 4.9 5.1 (11.8) (10.2) Class J 13.0 14.4 5.3 5.1 (1.9) 0.3

** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. 271 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Asian Local Bond Fund (Reference Index**: Markit iBoxx ALBI ex-China Onshore, ex-China Offshore ex-Taiwan Net of Tax Custom Index) Class A 5.9 6.8 2.6 2.2 (5.2) (4.4)

Class AADM (hedged) 6.2 7.0 3.3 2.7 (3.3) (3.1)

Class ADM 5.9 6.8 2.6 2.2 (5.2) (4.4)

Class AE (hedged) 4.9 – 0.8 – (5.6) –

Class AF (hedged) 4.7 – 0.4 – (6.7) –

Class AFDM (hedged) 4.7 – 0.4 – (6.8) –

Class ANDM (hedged) 6.3 7.4 3.7 3.4 (2.5) (2.1)

Class ARDMC1 (hedged) 8.9 – 5.0 – (1.9) –

Class AS 0.9 1.8 4.6 4.1 1.4 2.4

Class ASDM 1.0 1.8 4.7 4.1 1.4 2.4

Class AZDM (hedged) 8.8 – 8.4 – 0.5 – Class B 6.5 6.8 3.5 2.2 (4.3) (4.4) Class C 6.5 6.8 3.4 2.2 (4.2) (4.4) Class D 6.7 6.8 4.2 2.2 (3.7) (4.4) Class E 6.7 6.8 (3.2) (4.3) – –

Class EDY 6.7 6.8 4.2 2.2 (3.7) (4.4) Class F 6.4 6.8 3.4 2.2 (4.4) (4.4) Class R 6.3 6.8 3.3 2.2 (4.5) (4.4)

Class RE (hedged) 5.2 – 1.5 – (5.0) –

Asian Low Volatility Equity Fund (Reference Index**: MSCI AC Asia Pacific ex-Japan Index) Class A 14.4 19.8 (1.7) (0.6) – –

Class ADM 14.3 19.8 (7.9) (5.8) – –

Class ASDM 9.0 14.2 (3.0) (0.8) – –

Class ASDM (hedged) 14.1 19.4 (8.1) (5.9) – – Class C* 9.3 12.9 – – – – Class D 15.4 19.8 (7.4) (3.4) – –

Asian Property Securities Fund (Reference Index**: GPR Customized Asia Pac (Ex-Japan) Property Index) Class A 17.0 22.5 0.2 4.2 (3.1) (2.3)

Class AS 11.5 16.8 2.2 6.1 3.7 4.6

Class ASDQ 11.4 16.8 2.2 6.1 3.5 4.6 Class D 18.2 22.5 2.3 4.2 (1.1) (2.3)

China Equity Fund (Reference Index**: MSCI China 10/40 Index) Class A 17.1 22.8 (2.4) 1.0 (7.4) (7.8)

Class AADMC1 (hedged) 17.4 – (2.1) – (5.7) –

Class ADM 17.2 22.8 (2.4) 1.0 (7.3) (7.8)

Class ADMC1 17.1 22.8 (2.4) 1.0 (7.4) (7.8)

Class AE 8.1 13.6 0.7 4.0 3.2 2.7

Class AH 17.9 23.6 (2.4) 1.0 (7.5) (7.9)

Class AHDM 17.9 23.6 (2.3) 1.0 (13.7) (14.9)

Class ANDMC1 (hedged) 17.5 – (1.3) – (6.4) –

Class AR (hedged) 20.2 – (0.8) – (4.6) –

Class AS 11.6 17.0 (0.5) 2.8 (0.9) (1.3)

Class AZDMC1 (hedged) 19.9 – 0.8 – (3.0) – Class B 17.8 22.8 (1.2) 1.0 (6.3) (7.8) Class C 17.5 22.8 (1.2) 1.0 (6.2) (7.8)

Class CE 8.9 13.6 2.0 4.0 4.6 2.7 Class D 18.3 22.8 (0.4) 1.0 (5.5) (7.8) Class J 18.2 22.8 (0.6) 1.0 (5.7) (7.8) Class R 17.6 22.8 (1.6) 1.0 (6.6) (7.8)

* New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. 272 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Developed and Emerging Asia Equity Fund+ Class E 18.4 – 14.0 – – –

Class EDY 18.4 – 8.4 – – –

Dragon Peacock Fund (Reference Index**: 50% MSCI China Index + 50% MSCI India Index) Class A 22.9 22.8 3.2 0.0 (6.2) (6.3)

Class AH 23.7 23.6 3.2 0.1 (6.3) (6.4) Class D 24.3 22.8 5.5 0.0 (4.1) (6.3)

Emerging Europe, Middle East and Africa Dynamic Fund (Reference Index**: MSCI EM EMEA Index) Class A 3.3 4.9 21.2 19.9 (21.5) (20.0) Class D 4.6 4.9 24.2 19.9 (19.6) (20.0)

European Investment Grade Bond Fund (Reference Index**: The BofA Merrill Lynch Euro Corporate Index)

Class AE 0.6 0.6 5.4 4.8 (2.5) (0.4)

Class AEDM 0.6 0.6 5.4 4.8 (2.4) (0.4)

Class DE 1.4 0.6 6.9 4.8 (1.1) (0.4)

Global Bond Navigator Fund+ Class A 3.9 – 4.1 – (6.0) – Class D 5.0 – 6.1 – (4.3) –

Global Emerging Markets Bond Fund (Reference Index**: JP Morgan Emerging Markets Bond Index Global Diversified (EMBI Global Diversified) Class A 5.5 6.2 8.1 10.2 (1.5) 1.2

Class AADM (hedged) 5.8 6.5 9.2 11.1 0.7 3.3

Class AADMC1 (hedged) 5.8 6.5 9.1 11.1 0.6 3.3

Class ADM 5.5 6.2 8.1 10.2 (1.6) 1.2

Class ADMC1 5.5 6.2 8.1 10.2 (1.6) 1.2

Class ANDMC1 (hedged) 6.0 – 9.5 – 1.7 –

Class ARDMC1 (hedged) 8.3 – 10.8 – 1.9 –

Class AZ (hedged) 8.5 – 14.5 – 4.5 –

Class AZDM (hedged) 8.5 – 14.4 – 4.5 –

Class AZDMC1 (hedged) 8.5 – 14.4 – 4.5 – Class D 6.3 6.2 9.8 10.2 (0.1) 1.2

Global Emerging Markets Customized Equity Fund(1) (Reference Index**: Customized Emerging Markets Index) Class E 15.1 20.5 17.8 11.4 – –

Global Emerging Markets Dynamic Fund (Reference Index**: MSCI Emerging Markets Index) Class A 11.4 18.4 18.1 11.2 (17.7) (14.9)

Class AS 6.2 12.9 20.5 13.2 (11.9) (8.9) Class C* 6.9 11.8 – – – – Class D 12.4 18.4 20.2 11.2 (16.3) (14.9) Class E 12.4 18.4 18.5 12.3 – –

Global Equity Navigator Fund+ Class A 7.3 – 7.9 – (3.5) – Class D 8.4 – 10.1 – (1.5) –

Global Low Volatility Equity Fund (Reference Index**: MSCI ACWI Minimum Volatility Index) Class A* 3.4 3.2 – – – –

Class ADMC1* 3.3 3.2 – – – –

Class AS 4.5 4.4 8.4 7.8 – – Class D 10.7 9.5 8.3 7.4 3.4 4.8

(1) Sub-Fund changed its name, see Note 1. * New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. + The Sub-fund has no dedicated Reference Index. 273 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Global Market Navigator Fund+ Class A 5.8 – 6.1 – (3.8) –

Class AADMC1 (hedged) 6.0 – 7.1 – (1.8) –

Class ADMC1 5.7 – 6.1 – (3.7) –

Class ANDMC1 (hedged) 6.2 – 7.6 – (1.1) –

Class AS* (0.2) – – – – –

Class AS (hedged)* 1.5 – – – – –

Class ASDMC1 (hedged) 5.6 – 6.3 – (3.5) – Class C 6.2 – 7.0 – (3.0) – Class D 6.6 – 7.8 – (2.3) –

Global Multi Asset Income Plus Growth Fund (Reference Index**: 50% MSCI AC World Index + 50% JP Morgan Global Aggregate Bond Index)

Class ADM 5.6 7.8 2.4 0.1 – – Class D 6.4 7.8 10.5 6.3 – –

Global Technology Fund (Reference Index**: MSCI AC World Information Technology Index) Class A 21.6 20.5 5.2 12.2 3.5 3.2

Class CS 16.7 14.8 8.9 14.3 12.3 10.5

Greater China Equity Fund (Reference Index**: MSCI Golden Dragon Index) Class A 21.4 23.4 4.9 5.4 (9.4) (7.4)

Class AH 22.2 24.2 4.9 5.4 (9.5) (7.5) Class C 22.1 23.4 6.2 5.4 (8.2) (7.4) Class D 22.6 23.4 7.0 5.4 (7.5) (7.4)

Hong Kong Equity Fund (Reference Index**: MSCI Hong Kong Index) Class A 17.8 21.6 2.8 2.3 (5.9) (0.5)

Class AH 18.5 22.4 2.9 2.3 (6.0) (0.6) Class D 19.0 21.6 5.0 2.3 (4.0) (0.5)

India Discovery Fund (Reference Index**: MSCI India Index) Class A 18.7 20.5 (5.7) (3.5) – –

Class AS 13.1 14.9 0.9 3.3 – –

Class AS (hedged) 18.3 20.1 (6.0) (3.7) – – Class C 19.4 20.5 (8.9) (8.7) – – Class R 19.2 20.5 (5.3) (3.5) – –

India Equity Fund (Reference Index**: MSCI India Index) Class A 18.9 20.5 1.1 (1.4) (7.4) (6.1)

Class AS 13.3 14.9 3.1 0.4 (0.9) 0.5 Class B 19.6 20.5 2.2 (1.4) (6.3) (6.1) Class C 19.6 20.5 2.4 (1.4) (6.2) (6.1) Class D 20.1 20.5 3.2 (1.4) (5.5) (6.1) Class J 20.0 20.5 2.9 (1.4) (5.7) (6.1) Class R 19.4 20.5 1.9 (1.4) (6.6) (6.1)

Indonesia Equity Fund (Reference Index**: MSCI Indonesia 10/40 Index) Class A 13.2 14.9 12.5 12.8 (22.4) (19.6)

Class AS 8.9 9.5 14.8 14.9 (16.9) (13.9) Class B 13.8 14.9 13.9 12.8 (21.5) (19.6) Class C 13.8 14.9 13.9 12.8 (21.5) (19.6) Class D – – 14.8 12.8 (20.8) (19.6) Class J 14.1 14.9 14.6 12.8 (21.1) (19.6)

* New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. + The Sub-fund has no dedicated Reference Index. 274 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Japan Dynamic Fund (Reference Index**: MSCI Japan Index) Class A 9.6 9.9 10.6 2.4 11.6 9.6 Class A (hedged) 5.2 6.7 5.5 (1.8) 13.2 9.6

Class AA (hedged) 5.7 7.0 7.0 (0.3) (9.4) (6.2)

Class AE 1.2 1.7 14.6 5.4 24.3 22.1

Class AE (hedged) 4.4 5.6 5.5 (3.0) 14.0 9.6

Class AF 3.1 3.6 13.6 3.9 (2.7) (0.6)

Class AF (hedged) 4.2 – 4.5 – (9.0) –

Class AG (hedged) 4.6 6.1 4.5 (3.6) 11.7 9.3

Class AJ 5.3 5.9 7.1 (0.7) 12.9 9.9

Class AN (hedged) 5.5 – 6.1 – (9.2) –

Class AS 4.4 4.8 12.9 4.3 19.4 17.3

Class AS (hedged) 5.4 6.5 7.1 (0.9) 13.6 10.3

Class AZ (hedged) 8.2 – 11.3 – (7.7) – Class B 9.8 9.9 11.0 2.4 11.9 9.6 Class C 10.0 9.9 11.5 2.4 12.4 9.6 Class C (hedged) 5.7 6.7 6.3 (1.8) 1.4 2.7

Class CDY 10.0 9.9 11.5 2.4 9.2 7.3

Class CE 1.6 1.7 15.4 5.4 25.3 22.1

Class CE (hedged) 4.8 5.6 6.6 (3.0) 14.9 9.6

Class CG 5.0 4.6 33.5 22.1 (0.9) 0.4

Class CJ 5.7 5.9 8.0 (0.7) (8.2) (7.7) Class D 10.4 9.9 12.3 2.4 13.3 9.6 Class R 10.0 9.9 11.5 2.4 12.4 9.6 Class R (hedged) 5.6 6.7 6.3 (1.8) 14.1 9.6

Class RE 1.6 1.7 15.4 5.4 25.3 22.1

Class RE (hedged) 4.7 5.6 6.4 (3.0) 14.9 9.6

Class RG 5.0 4.6 33.5 22.1 (2.9) 1.1

Class RG (hedged) 5.0 6.1 5.4 (3.6) 14.0 9.3

Class RJ 5.7 5.9 7.9 (0.7) 3.2 6.3

Japan Equity Fund (Reference Index**: S&P Topix 150 Index) Class A 7.7 10.0 4.3 2.7 10.9 9.9

Class AADMC1 (hedged) 4.4 – 1.4 – (2.4) –

Class ADMC1 (hedged) 3.5 – (0.9) – (3.5) –

Class AJ 3.6 6.0 1.0 (0.4) 12.2 10.2

Class ANDMC1 (hedged) 4.1 – 1.7 – (2.0) –

Class AZDMC1 (hedged) 6.7 – 5.2 – (0.2) –

Class DJ 4.6 6.0 3.0 (0.4) 14.6 10.2

Class EDY 8.8 10.0 6.5 2.7 13.2 9.9

Japan Fundamental Value Fund (Reference Index**: FTSE Japan Index)

Class AE 0.7 2.3 10.6 5.9 (5.7) (3.9)

Class AF 2.6 4.2 9.7 4.4 (2.3) (0.1)

Class AF (hedged) 3.7 – 1.1 – (8.7) – Class C* 5 . 3 7 . 2 – – – – Class D 10.2 10.6 9.0 2.9 14.1 11.1

Class RG 4.4 5.2 28.9 22.7 (0.5) 0.9

* New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. 275 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

Japan Smaller Companies Fund (Reference Index**: Russell Nomura Mid-Small Index) Class A 12.4 13.3 16.3 4.2 9.1 14.7

Class BJ 8.5 9.1 13.6 1.1 11.6 15.1 Class C* 8.8 9.5 – – – –

Class CG 7.8 7.8 40.9 24.3 (1.0) 5.5

Class CJ 8.6 9.1 13.9 1.1 11.8 15.1 Class D 13.5 13.3 18.2 6.7 – –

Class EDY 13.5 13.3 18.7 4.2 11.4 14.7

Class RG 7.7 7.8 40.6 24.3 (1.1) 5.5

Class RJ 8.4 9.1 13.7 1.1 (5.8) (0.5)

Latin American Equity Fund (Reference Index**: MSCI EM Latin America Index) Class A 4.1 9.8 37.1 32.3 (39.6) (31.3) Class D 5.1 9.8 39.9 32.3 (38.4) (31.3)

Malaysia Equity Fund (Reference Index**: MSCI Malaysia Index) Class A 14.1 13.9 (6.0) (3.9) (22.2) (20.1) Class J 15.5 13.9 (4.4) (3.9) (21.0) (20.1)

North American Value Fund (Reference Index**: S&P 500 Value Index) Class A 1.0 4.6 18.7 16.8 (11.4) (3.4)

Class AADMC1 (hedged) 1.4 – 19.2 – (9.7) –

Class ADMC1 1.0 4.6 18.7 16.8 (11.3) (3.4)

Class ANDMC1 (hedged) 1.4 – 19.4 – (9.3) –

Class AS (3.7) (0.7) 21.1 19.6 (5.2) 3.5

Class AZDMC1 (hedged) 2.8 – 23.7 – (7.0) – Class D 2.1 4.6 21.1 16.8 (9.6) (3.4)

Pan European Fund (Reference Index**: MSCI Europe Index) Class A 17.7 15.4 (1.8) (0.4) 2.7 (2.8)

Class CS 12.7 9.9 1.1 1.4 10.9 4.0

Philippines Equity Fund (Reference Index**: Philippines Stock Exchange Composite Index) Class A 12.8 14.2 (7.8) (5.2) (10.3) (6.9)

Class AS 7.0 8.8 (5.2) (3.4) (4.4) (0.3) Class B 13.4 14.2 (6.7) (5.2) (9.3) (6.9) Class C 13.5 14.2 (6.6) (5.2) (11.0) (9.8) Class J 13.9 14.2 (6.1) (5.2) (8.8) (6.9)

Class JJ 8.8 10.0 (9.2) (8.1) (9.1) (6.5)

Thailand Equity Fund (Reference Index**: SET50 Index) Class A 11.5 10.9 20.9 23.3 (24.4) (23.4) Class J 12.7 10.9 23.2 23.3 (23.0) (23.4)

US Bond Fund (Benchmark^: Barclays Capital U.S. Aggregate Bond Index) Class A 2.4 2.5 1.5 2.6 (1.0) 0.4

Class AADM (hedged) 2.8 2.9 2.7 3.8 1.3 2.8

Class ADM 2.5 2.5 1.5 2.6 (1.0) 0.4 Class C 3.0 2.5 2.6 2.6 0.0 0.4 Class D 3.2 2.5 3.1 2.6 0.5 0.4

Class EDY 3.2 2.5 3.1 2.6 0.5 0.4

* New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. ^ The Benchmark presents the index which the Sub-Fund is managed against as at June 30, 2017. The benchmark for hedged share classes, if any, is calculated on a hedged basis. 276 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

US Corporate Bond Fund (Benchmark^: Barclays Capital Credit Most Conservative 2% Issuer Cap Bond Index) Class A 3.2 3.9 4.6 5.2 (2.2) (0.8)

Class AADM (hedged) 3.5 4.3 5.7 6.3 0.2 1.5

Class AADMC1 (hedged) 3.5 4.3 5.7 6.3 0.2 1.5

Class ADM 3.2 3.9 4.6 5.2 (2.2) (0.8)

Class ADMC1 3.2 3.9 4.6 5.2 (2.3) (0.8)

Class AE (hedged) 2.3 3.0 3.2 3.5 (2.5) (1.0)

Class AEDM (hedged) 2.3 3.0 3.2 3.5 (2.5) (1.0)

Class AF (hedged) 2.0 2.7 2.6 2.9 (3.5) (2.4)

Class AFDM (hedged) 2.0 2.7 2.6 2.9 (3.5) (2.4)

Class ANDM (hedged) 3.6 4.4 6.1 6.9 1.1 2.6

Class ANDMC1 (hedged) 3.6 4.4 6.1 6.9 1.2 2.6

Class ARDMC1 (hedged) 5.9 – 7.2 – 1.3 –

Class ASDM (hedged) 3.1 3.8 4.8 5.3 (1.5) 0.3

Class AZDM (hedged) 6.3 7.3 11.6 12.6 4.0 5.6

Class AZDMC1 (hedged) 6.3 7.3 11.6 12.6 4.0 5.6 Class B 3.7 3.9 5.6 5.2 (1.4) (0.8) Class C 3.7 3.9 5.7 5.2 (1.4) (0.8)

Class CDY 3.7 3.9 5.7 5.2 (1.2) (0.8)

Class CE (4.2) (4.4) 9.2 9.4 10.2 10.6

Class CE (hedged) 2.8 3.0 4.3 3.5 (1.0) (0.4)

Class CG (1.0) (2.2) 26.4 27.6 4.0 4.1

Class CG (hedged) 3.2 3.4 5.6 4.9 (0.6) 0.0

Class CGDY (hedged)* 2 . 3 2 . 5 – – – – Class D 4.0 3.9 6.3 5.2 (0.7) (0.8) Class E 4.0 3.9 0.9 0.4 – – Class G 3.5 3.9 5.3 5.2 (1.7) (0.8)

Class GDM 3.6 3.9 5.3 5.2 (1.6) (0.8)

Class GEDM (hedged) 2.6 3.0 3.8 3.5 (1.9) (1.0)

Class GFDM (hedged) 2.3 2.7 3.2 2.9 (2.9) (2.4) Class R 3.6 3.9 5.6 5.2 (1.4) (0.8)

Class RDM 3.6 3.9 5.6 5.2 (1.4) (0.8)

Class RE (hedged) 2.7 3.0 4.1 3.5 (1.7) (1.0)

Class REDM (hedged) 2.7 3.0 4.1 3.5 (4.5) (4.0)

Class RGDM (hedged) 3.1 3.4 5.4 4.9 (1.1) (0.4)

US Equity Income Fund(2)

Class EGDM* 0.0 1.0 – – – –

US High Investment Grade Bond Fund (Reference Index**: The BofA Merrill Lynch U.S. Corporates, A2 Rated and above Index) Class A 2.4 3.3 2.1 3.6 (0.4) 0.7

Class ADM 2.4 3.3 2.1 3.6 (0.3) 0.7

Class ADQ 2.4 3.3 2.2 3.6 (0.2) 0.7

Class AS (2.4) (1.9) 4.2 6.1 6.6 7.9 Class C 2.9 3.3 3.2 3.6 0.7 0.7 Class D 3.2 3.3 3.7 3.6 1.2 0.7

(2)New Sub-Fund launched, see Note 1. * New share class launched, see Appendix 1. ** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. ^ The Benchmark presents the index which the Sub-Fund is managed against as at June 30, 2017. The benchmark for hedged share classes, if any, is calculated on a hedged basis. 277 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

US High Yield Bond Fund (Reference Index**: The BofA Merrill Lynch US High Yield Constrained Index) Class A 3.8 4.9 16.2 17.5 (9.2) (4.7)

Class AADM (hedged) 4.1 5.3 17.2 18.7 (7.5) (2.5)

Class AADMC1 (hedged) 4.1 5.3 17.2 18.7 (7.5) (2.5)

Class ADM 3.8 4.9 16.2 17.5 (9.3) (4.7)

Class ADMC1 3.8 4.9 16.2 17.5 (9.3) (4.7)

Class AFDM (hedged) 2.5 3.7 14.4 15.0 (11.0) (6.8)

Class ANDM (hedged) 4.2 5.4 17.8 19.2 (6.5) (1.2)

Class ANDMC1 (hedged) 4.2 5.4 17.8 19.2 (6.5) (1.2)

Class ARDMC1 (hedged) 6.6 – 19.2 – (6.2) –

Class AS (1.1) (0.4) 18.7 20.4 (2.8) 2.2

Class AZDM (hedged) 6.8 8.4 22.7 25.6 (4.3) 1.0

Class AZDMC1 (hedged) 6.8 8.4 22.6 25.6 (4.3) 1.0 Class B 4.2 4.9 17.2 17.5 (8.4) (4.7) Class C 4.2 4.9 17.3 17.5 (8.4) (4.7) Class D 4.6 4.9 18.0 17.5 (7.8) (4.7) Class E 4.6 4.9 10.0 9.5 – – Class R 4.1 4.9 17.0 17.5 (8.6) (4.7)

US Investment Grade Bond Fund (Reference Index**: The BofA Merrill Lynch U.S. Corporates, BBB3 - A3 Rated Index) Class A 3.8 4.4 5.9 6.7 (3.0) (1.5)

Class AADM (hedged) 4.1 4.8 6.9 7.8 (0.6) 0.9

Class ADM 3.8 4.4 5.9 6.7 (3.0) (1.5)

Class ADQ 3.9 4.4 5.9 6.7 (3.0) (1.5)

Class AE (hedged) 2.8 3.4 5.3 5.0 (3.3) (3.0)

Class AF (hedged) 2.6 3.2 3.9 4.3 (4.4) (3.8)

Class AFDM (hedged) 2.6 3.2 3.9 4.3 (4.4) (3.8)

Class AS (1.1) (0.9) 8.0 9.3 3.7 5.5

Class AZDM (hedged) 6.9 – 13.8 – (1.6) – Class B 4.3 4.4 7.0 6.7 (2.1) (1.5) Class C 4.3 4.4 7.0 6.7 (2.0) (1.5) Class D 4.6 4.4 7.6 6.7 (1.5) (1.5)

Class JJDM (hedged) 3.8 – (0.3) – – – Class R 4.2 4.4 6.7 6.7 (2.3) (1.5)

Class RE (hedged) 3.1 3.4 5.8 5.0 (2.7) (3.0)

US Strategic Income Bond Fund (Reference Index**: 45% Barclays US Aggregate Index + 45% Barclays US High Yield Index + 10% Barclays Global Aggregate ex-USD Index) Class D 4.0 4.0 10.0 8.8 (4.5) (3.0)

US Total Return Bond Fund (Reference Index**: Barclays Capital U.S. Aggregate Bond Index) Class D 3.1 2.5 6.1 2.6 (1.1) 0.6

Vietnam Equity Fund (Reference Index**: FTSE Vietnam All Share Index) Class J 16.7 20.7 17.6 7.1 10.3 4.3

** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. 278 EASTSPRING INVESTMENTS

Appendix 3 Calendar Year Performance (continued)

June 30, 2017 December 31, 2016 December 31, 2015

Reference Reference Reference Fund Index Fund Index Fund Index % % % % % %

World Value Equity Fund (Reference Index**: MSCI World Index) Class A 5.8 10.7 12.5 7.5 (6.5) (0.9)

Class AADM (hedged) 6.0 – 13.0 – (4.7) –

Class AADMC1 (hedged) 6.1 – 13.0 – (4.7) –

Class ADM 5.8 10.7 12.6 7.5 (6.5) (0.9)

Class ADMC1 5.8 10.7 12.5 7.5 (6.5) (0.9)

Class ANDMC1 (hedged) 6.1 – 13.7 – (4.2) –

Class AS (hedged) 5.8 10.4 12.5 7.6 (6.4) 0.9

Class ASDM (hedged) 5.7 10.4 12.5 7.6 (6.4) 0.9

Class AZ (hedged) 8.8 – 17.0 – (1.4) –

Class AZDMC1 (hedged) 8.8 – 17.0 – (1.4) – Class C 6.5 10.7 14.0 7.5 (5.3) (0.9) Class D 6.9 10.7 14.8 7.5 (4.6) (0.9)

Past performance is not necessarily a guide to future performance and does not take into account fees or commissions that may occur on subscription and redemption.

** The Reference Index is disclosed for comparison purposes only. Details of any historical changes in Reference Indices are not disclosed. The Reference Index for the hedged share classes, if any, is calculated on a hedged basis. 279 Annex

Annex

The tables below are applicable to investors in Singapore and do not form part of the signed audit report submitted to the Luxembourg Commission de Surveillance du Secteur Financier (CSSF).

Portfolio Turnover Ratio %

Asian Equity Income Fund 23.35 Japan Dynamic Fund 21.71

The Portfolio Turnover Ratio is calculated as follows: Total* PTR = x 100 Average net assets in CU**

* Total = Lower of securities purchased in CU and securities sales in CU ** CU = currency units in the accounting currency of the collective investment scheme

Total Expense Ratio %

Asian Equity Income Fund

Class AS (hedged) 1.55

Japan Dynamic Fund

Class AS (hedged) 1.54

The Total Expense Ratio is calculated as follows: Operating expenses in CU* TER% = x 100 Average net assets in CU*

* CU = currency units in the accounting currency of the collective investment scheme

280